Document:

Exhibit 4.2

 

 

EXECUTION VERSION 

	 

 

DEUTSCHE
MORTGAGE & ASSET RECEIVING CORPORATION,

Depositor,

 

Wells
farGO bank, national association,

Master Servicer,

 

CWCAPITAL
ASSET MANAGEMENT LLC,

Special Servicer,

 

WILMINGTON
TRUST, NATIONAL ASSOCIATION,

Trustee,

 

and

 

Wells
Fargo bank, national association,

Certificate Administrator, Paying Agent and Custodian

 

 

 

TRUST
AND SERVICING AGREEMENT

Dated as of November 9, 2019 

 

 

  

CPTS
2019-CPT Mortgage Trust

Commercial Mortgage Pass-Through Certificates

	 

 

     

     

    

 

TABLE
OF CONTENTS

 

	 	 	 	Page
	 	 	 	 
	ARTICLE
    I
	 	 	 	 
	DEFINITIONS
	 
	Section
    1.01	Defined
    Terms	 	3
	Section
    1.02	Certain
    Calculations	 	74
	Section
    1.03	Certain
    Constructions	 	78
	 	 	 	 
	ARTICLE
    II
	 	 	 	 
	CONVEYANCE
    OF THE MORTGAGE LOAN; ORIGINAL ISSUANCE OF CERTIFICATES
	 
	Section
    2.01	Conveyance
    of the Trust Loan; Assignment of Trust Loan Purchase Agreements	 	78
	Section
    2.02	Acceptance
    by Custodian and the Trustee	 	85
	Section
    2.03	Representations,
    Warranties and Covenants of the Depositor; Repurchase of Trust Loan	 	86
	Section
    2.04	Representations,
    Warranties and Covenants of the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee	 	94
	Section
    2.05	Execution
    and Delivery of Certificates; Issuance of Lower-Tier Regular Interests; Issuance of Upper-Tier Interests	 	99
	Section
    2.06	Miscellaneous
    REMIC Provisions	 	99
	 	 	 	 
	ARTICLE
    III
	 	 	 	 
	ADMINISTRATION
    AND SERVICING OF THE TRUST FUND
	 
	Section
    3.01	The
    Master Servicer to Act as Master Servicer; Special Servicer to Act as Special Servicer; Administration of the Whole Loan	 	100
	Section
    3.02	Liability
    of the Master Servicer and the Special Servicer When Sub- Servicing	 	103
	Section
    3.03	Collection
    of Whole Loan Payments	 	104
	Section
    3.04	Collection
    of Taxes, Assessments and Similar Items; Escrow Accounts	 	104
	Section
    3.05	Collection
    Account; Distribution Accounts and Interest Reserve Account	 	106
	Section
    3.06	Permitted
    Withdrawals from the Collection Account and the Distribution Accounts; Trust Ledger	 	110
	Section
    3.07	Investment
    of Funds in the Collection Account, the REO Account, the Lock-Box Accounts, the Cash Collateral Accounts and the Reserve Accounts	 	119
	Section
    3.08	Maintenance
    of Insurance Policies and Errors and Omissions and Fidelity Coverage	 	120

 

    -i- 

     

    

 

	Section
    3.09	Enforcement
    of Due-on-Sale Clauses; Assumption Agreements; Defeasance Provisions	 	125
	Section
    3.10	Appraisals;
    Realization upon Defaulted Mortgage Loan	 	129
	Section
    3.11	Custodian
    to Cooperate; Release of Mortgage File	 	136
	Section
    3.12	Servicing
    Fees, Trustee/Certificate Administrator Fees and Special Servicing Compensation	 	137
	Section
    3.13	Reports
    to the Certificate Administrator; Collection Account Statements	 	143
	Section
    3.14	Access
    to Certain Documentation	 	148
	Section
    3.15	Title
    and Management of REO Property and REO Accounts	 	156
	Section
    3.16	Sale
    of a Specially Serviced Loan or the REO Property	 	160
	Section
    3.17	Additional
    Obligations of the Master Servicer and the Special Servicer; Inspections	 	164
	Section
    3.18	Authenticating
    Agent	 	166
	Section
    3.19	Appointment
    of Custodians	 	166
	Section
    3.20	Lock-Box
    Accounts, Cash Collateral Accounts, Escrow Accounts and Reserve Accounts	 	167
	Section
    3.21	Property
    Advances	 	167
	Section
    3.22	Appointment
    of Special Servicer	 	171
	Section
    3.23	Transfer
    of Servicing Between the Master Servicer and the Special Servicer; Record Keeping; Asset Status Report; Notice of Mezzanine
    Foreclosure	 	174
	Section
    3.24	Special
    Instructions for the Master Servicer and/or Special Servicer	 	179
	Section
    3.25	Certain
    Rights and Obligations of the Master Servicer and/or the Special Servicer	 	179
	Section
    3.26	Modification,
    Waiver, Amendment and Consents	 	180
	Section
    3.27	Annual
    Compliance Statements	 	182
	Section
    3.28	Annual
    Reports on Assessment of Compliance with Servicing Criteria	 	182
	Section
    3.29	Annual
    Independent Public Accountants’ Servicing Report	 	183
	Section
    3.30	No
    Downgrade Confirmation	 	184
	Section
    3.31	Certain
    Co-Lender Matters Relating to the Whole Loan	 	186
	 	 	 	 
	ARTICLE
    IV
	 	 	 	 
	DISTRIBUTIONS
    TO CERTIFICATEHOLDERS
	 
	Section
    4.01	Distributions	 	190
	Section
    4.02	Statements
    to Certificateholders; Reports by Certificate Administrator; Other Information Available to the Holders and Others	 	196
	Section
    4.03	Compliance
    with Withholding Requirements	 	207
	Section
    4.04	REMIC
    Compliance	 	207
	Section
    4.05	Imposition
    of Tax on the Trust Fund	 	210
	Section
    4.06	Remittances	 	211
	Section
    4.07	P&I
    Advances and Administrative Advances	 	211
	Section
    4.08	Appraisal
    Reductions; Collateral Deficiency Amounts	 	216

 

    -ii- 

     

    

 

	ARTICLE
    V
	 	 	 	 
	THE
    CERTIFICATES
	 
	Section
    5.01	The
    Certificates	 	218
	Section
    5.02	Registration,
    Transfer and Exchange of Certificates	 	222
	Section
    5.03	Mutilated,
    Destroyed, Lost or Stolen Certificates	 	234
	Section
    5.04	Appointment
    of Paying Agent	 	235
	Section
    5.05	Access
    to Certificateholders’ Names and Addresses; Special Notices	 	235
	Section
    5.06	Actions
    of Certificateholders	 	235
	Section
    5.07	Rule
    144A Information	 	236
	 	 	 	 
	ARTICLE
    VI
	 	 	 	 
	THE
    DEPOSITOR, THE MASTER SERVICER, THE SPECIAL SERVICER AND THE
	DIRECTING
    HOLDER
	 
	Section
    6.01	Liability
    of the Depositor, the Master Servicer and the Special Servicer	 	236
	Section
    6.02	Merger
    or Consolidation of either the Master Servicer, the Special Servicer or the Depositor	 	236
	Section
    6.03	Limitation
    on Liability of the Depositor, the Master Servicer and Others	 	237
	Section
    6.04	Limitation
    on Resignation of the Master Servicer and the Special Servicer; Termination of the Master Servicer and the Special Servicer	 	239
	Section
    6.05	Rights
    of the Depositor and the Trustee in Respect of the Master Servicer and the Special Servicer	 	240
	Section
    6.06	The
    Master Servicer or Special Servicer as Owners of a Certificate	 	241
	Section
    6.07	Selection
    and Removal of the Directing Holder	 	241
	Section
    6.08	Limitation
    on Liability of Directing Holder; Acknowledgements of the Certificateholders	 	244
	Section
    6.09	Rights
    and Powers of the Directing Holder	 	244
	Section
    6.10	Directing
    Holder Contact with Master Servicer and Special Servicer	 	246
	Section
    6.11	The
    Risk Retention Consultation Parties	 	247
	 	 	 	 
	ARTICLE
    VII
	 	 	 	 
	TERMINATION
    EVENTS
	 
	Section
    7.01	Servicer
    Termination Events	 	248
	Section
    7.02	Trustee
    to Act; Appointment of Successor	 	256
	Section
    7.03	Notification
    to Certificateholders and Other Persons	 	258
	Section
    7.04	Other
    Remedies of Trustee	 	258
	Section
    7.05	Waiver
    of Past Servicer Termination Events; Termination	 	258
	Section
    7.06	Trustee
    as Maker of Advances	 	259

 

    -iii- 

     

    

 

	ARTICLE
    VIII
	 	 	 	 
	CONCERNING
    THE TRUSTEE AND CERTIFICATE ADMINISTRATOR
	 
	Section
    8.01	Duties
    of Trustee and Certificate Administrator	 	259
	Section
    8.02	Certain
    Matters Affecting the Trustee and the Certificate Administrator	 	262
	Section
    8.03	Trustee
    and Certificate Administrator Not Liable for Certificates or the Trust Loan.	 	265
	Section
    8.04	Trustee
    and Certificate Administrator May Own Certificates	 	266
	Section
    8.05	Payment
    of Trustee’s and Certificate Administrator’s Fees and Expenses; Indemnification	 	266
	Section
    8.06	Eligibility
    Requirements for Trustee and Certificate Administrator	 	269
	Section
    8.07	Resignation
    and Removal of Trustee and Certificate Administrator	 	270
	Section
    8.08	Successor
    Trustee and Certificate Administrator	 	272
	Section
    8.09	Merger
    or Consolidation of Trustee or Certificate Administrator	 	272
	Section
    8.10	Appointment
    of Co-Trustee or Separate Trustee	 	273
	 	 	 	 
	ARTICLE
    IX
	 	 	 	 
	TERMINATION
	 
	Section
    9.01	Termination	 	274
	 	 	 	 
	ARTICLE
    X
	 	 	 	 
	MISCELLANEOUS
    PROVISIONS
	 
	Section
    10.01	Counterparts	 	279
	Section
    10.02	Limitation
    on Rights of Certificateholders	 	279
	Section
    10.03	Governing
    Law	 	280
	Section
    10.04	Waiver
    of Jury Trial; Consent to Jurisdiction	 	280
	Section
    10.05	Notices	 	281
	Section
    10.06	Severability
    of Provisions	 	286
	Section
    10.07	Notice
    to the Depositor and Each Rating Agency	 	286
	Section
    10.08	Amendment	 	288
	Section
    10.09	Confirmation
    of Intent	 	291
	Section
    10.10	No
    Intended Third-Party Beneficiaries	 	292
	Section
    10.11	Entire
    Agreement	 	292
	Section
    10.12	Third
    Party Beneficiaries	 	292
	 	 	 	 
	ARTICLE
    XI
	 	 	 	 
	EXCHANGE
    ACT REPORTING AND REGULATION AB COMPLIANCE
	 
	Section
    11.01	Intent
    of the Parties; Reasonableness	 	293
	Section
    11.02	Succession;
    Sub-Servicers; Subcontractors	 	294

 

    -iv- 

     

    

 

	Section
    11.03	Other
    Securitization Trust’s Filing Obligations	 	295
	Section
    11.04	Form
    10-D Disclosure	 	295
	Section
    11.05	Form
    10-K Disclosure	 	296
	Section
    11.06	Form
    8-K Disclosure	 	296
	Section
    11.07	Annual
    Compliance Statements	 	297
	Section
    11.08	Annual
    Reports on Assessment of Compliance with Servicing Criteria	 	298
	Section
    11.09	Annual
    Independent Public Accountants’ Servicing Report	 	299
	Section
    11.10	Significant
    Obligor	 	301
	Section
    11.11	Sarbanes-Oxley
    Backup Certification	 	301
	Section
    11.12	Indemnification	 	302
	Section
    11.13	Amendments	 	305
	Section
    11.14	Termination
    of the Certificate Administrator	 	305
	Section
    11.15	Termination
    of Sub-Servicing Agreements	 	306
	Section
    11.16	Notification
    Requirements and Deliveries in Connection with Securitization of a Companion Loan	 	306

 

	TABLE
    OF SCHEDULES
	 
	Schedule
    I	Servicing
    Criteria to Be Addressed in Assessment of Compliance
	Schedule
    II	Initial
    Companion Loan Holders
	 	 
	TABLE
    OF EXHIBITS
	 	 
	Exhibit
    A-1	Form
    of Class A Certificate
	Exhibit
    A-2	Form
    of Class X Certificate
	Exhibit
    A-3	Form
    of Class B Certificate
	Exhibit
    A-4	Form
    of Class C Certificate
	Exhibit
    A-5	Form
    of Class D Certificate
	Exhibit
    A-6	Form
    of Class E Certificate
	Exhibit
    A-7	Form
    of Class F Certificate
	Exhibit
    A-8	Form
    of Class LR Certificate
	Exhibit
    A-9	Form
    of Class R Certificate
	Exhibit
    A-10	Form
    of Class VRR Certificate
	Exhibit
    B	Mortgage
    Loan Schedule
	Exhibit
    C-1	Form
    of Transferee Affidavit
	Exhibit
    C-2	Form
    of Transferor Certificate
	Exhibit
    C-3	Form
    of Transferee Certificate for Transfer of Class VRR Certificates
	Exhibit
    C-4	Form
    of Transferor Certificate for Transfer of Class VRR Certificates
	Exhibit
    D-1	Form
    of Investment Representation Letter
	Exhibit
    D-2	Form
    of ERISA Representation Letter
	Exhibit
    E	Form
    of Request for Release
	Exhibit
    F	Securities
    Legend
	Exhibit
    G	Form
    of Regulation S Transfer Certificate
	Exhibit
    H	Form
    of Transfer Certificate for Exchange or Transfer from Rule 144A Global Certificate to Regulation S Global Certificate during
    the Restricted Period

 

    -v- 

     

    

 

	Exhibit
    I	Form
    of Transfer Certificate for Exchange or Transfer from Rule 144A Global Certificate to Regulation S Global Certificate after
    the Restricted Period
	Exhibit
    J	Form
    of Transfer Certificate for Exchange or Transfer from Regulation S Global Certificate to Rule 144A Global Certificate
	Exhibit
    K	Form
    of Distribution Date Statement
	Exhibit
    L-1-A	Form
    of Investor Certification for Non-Borrower Related Parties and/or Risk Retention Consultation Parties
	Exhibit
    L-1-B	Form
    of Investor Certification for Borrower Related
	Exhibit
    L-1-C	Form
    of Certification of the Directing Holder
	Exhibit
    L-1-D	Form
    of Notice of Conflicted Controlling Class Holder Who Becomes a Borrower Related Party
	Exhibit
    L-1-E	Form
    of Certification of the Risk Retention Consultation Parties
	Exhibit
    L-2	Form
    of Investor Certification to Exercise Voting Rights
	Exhibit
    L-3	Form
    of Online Vendor Certification
	Exhibit
    L-4	Form
    of CREFC® Certification
	Exhibit
    M	Form
    of Notification from Custodian
	Exhibit
    N-1	Form
    of Closing Date Custodian Certification
	Exhibit
    N-2	Form
    of Post-Closing Custodian Certification
	Exhibit
    O	Form
    of NRSRO Certification
	Exhibit
    P-1	Form
    of Transferor Certificate for Transfer of the Excess Servicing Fee Rights
	Exhibit
    P-2	Form
    of Transferee Certificate for Transfer of the Excess Servicing Fee Rights
	Exhibit
    Q	Form
    of Power of Attorney by Trustee for Master Servicer and Special Servicer
	Exhibit
    R	[Reserved]
	Exhibit
    S	Form
    of Certificate Administrator Receipt in Respect of Certificates Evidencing Some or All of the Class VRR Certificates
	Exhibit
    T	Additional
    Form 10-D Disclosure
	Exhibit
    U	Additional
    Form 10-K Disclosure
	Exhibit
    V	Form
    8-K Disclosure Information
	Exhibit
    W	Additional
    Disclosure Notification
	Exhibit
    X	Initial
    Sub-Servicers
	Exhibit
    Y	Form
    of Backup Certification
	Exhibit
    Z	Form
    of Companion Loan Holder Certification

 

    -vi- 

     

    

  

Trust
and Servicing Agreement, dated as of November 9, 2019, between Deutsche Mortgage & Asset Receiving Corporation, as Depositor,
Wells Fargo Bank, National Association, as Master Servicer, CWCapital Asset Management LLC, as Special Servicer, Wilmington Trust,
National Association, as Trustee, and Wells Fargo Bank, National Association, as Certificate Administrator, as Paying Agent and
as Custodian.

 

PRELIMINARY
STATEMENT:

 

(Terms
used but not defined in this Preliminary Statement shall have

the meanings specified in Article I hereof)

 

The
Depositor intends to sell pass-through certificates to be issued hereunder in multiple Classes which in the aggregate will evidence
the entire beneficial ownership interest in the Trust Fund consisting primarily of the Trust Loan.

 

The
Lower-Tier REMIC will hold the Trust Loan and certain other related assets subject to this Agreement, and will issue (i) the
Lower-Tier Regular Interests set forth in the table below (the “Lower-Tier Regular Interests”), as classes
of “regular interests” in the Lower-Tier REMIC and (ii) the Class LR Certificates, as the sole class of residual
interests in the Lower-Tier REMIC.

 

The
Upper-Tier REMIC will hold the Lower-Tier Regular Interests and certain other related assets subject to this Agreement and will
issue (i) the Class A, Class X, Class B, Class C, Class D, Class E and Class F Certificates and the VRR Interest,
each of which is a “regular interests” in the Upper-Tier REMIC and (ii) the Class R Certificates, as the
sole class of residual interests in the Upper-Tier REMIC.

 

The
following table sets forth the designation and Certificate Balance or Notional Amount, as applicable, of each Class of Certificates
(other than the Class VRR, Class R and Class LR Certificates) (collectively, the “Corresponding Certificates”)
and the Certificate Balance of the VRR Interest, and the corresponding Lower-Tier Regular Interest (the “Corresponding
Lower-Tier Regular Interest”) and the Corresponding Component of the Class X Certificates (the “Corresponding
Component”) for each Class of Corresponding Certificates and the VRR Interest and each Corresponding Lower-Tier Regular
Interest.

 

	Class of
 Certificates	 	Certificate Balance or Notional Amount	 	Corresponding Lower-Tier Regular Interests(1)
	 	Lower-Tier Principal Balance	 	Corresponding Component
	Class A 	 	$	354,312,000	 	 	LA	 	$	354,312,000	 	 	XA
	Class X 	 	$	354,312,000	 	 	N/A	 	 	N/A	 	 	N/A
	Class B 	 	$	78,736,000	 	 	LB	 	$	78,736,000	 	 	N/A
	Class C 	 	$	59,053,000	 	 	LC	 	$	59,053,000	 	 	N/A
	Class D 	 	$	119,428,000	 	 	LD	 	$	119,428,000	 	 	N/A
	Class E 	 	$	139,950,000	 	 	LE	 	$	139,950,000	 	 	N/A
	Class F 	 	$	32,271,000	 	 	LE	 	$	32,271,000	 	 	N/A
	VRR Interest 	 	$	41,250,000	 	 	LVRR	 	$	41,250,000	 	 	N/A

 

 

		(1)	The
                                         Lower-Tier Regular Interest and the Component of the Class X Certificates that correspond
                                         to any particular Class of Certificates or the VRR Interest also correspond to each other
                                         and, accordingly, constitute the (i) “Corresponding Lower-Tier Regular
                                         Interest” and (ii) “Corresponding Component” respectively,
                                         with respect to each other. The Component Notional Amount for each such Corresponding

 

     

     

    

 

	 	 	Component
                                         of the Class X Certificates shall at all times equal the then Lower-Tier Principal Balance
                                         of the Corresponding Lower-Tier Regular Interest. 

  

Each
of the Class R and Class LR Certificates do not have a Certificate Balance or a
Notional Amount. The Certificate Balance of any Class of Certificates outstanding at any time represents the maximum amount which
holders thereof are entitled to receive as distributions allocable to principal from the cash flow on the Trust Loan and the other
assets in the Trust Fund; provided, however, that in the event that amounts previously allocated as Realized Losses
to a Class of Certificates in reduction of the Certificate Balance thereof are subsequently recovered (including, without limitation,
after the reduction of the Certificate Balance of such Class to zero), such Class may receive distributions in respect of such
recoveries in accordance with the priorities set forth in Section 4.01 of this Agreement.

 

Credit
Risk Retention

 

On
the Closing Date, the Depositor is selling, assigning and transferring and otherwise conveying to (i) DBNY, $17,500,000 initial
Certificate Balance of the VRR Interest in the form of Class VRR Certificates (which assignment, transfer and conveyance shall,
solely for purposes of satisfying the requirements of Section 3(a) and Section 4(a)(1) of the Credit Risk Retention Rule, be deemed
assigned, transferred and conveyed from the Depositor to GACC and from GACC to DBNY), (ii) WFB, $11,875,000 initial Certificate
Balance of the VRR Interest in the form of Class VRR Certificates (which assignment, transfer and conveyance shall, solely for
purposes of satisfying the requirements of Section 11(a)(1) of the Credit Risk Retention Rule, be deemed assigned, transferred
and conveyed from the Depositor to GACC and from GACC to WFB) and (iii) MSBNA, $11,875,000 initial Certificate Balance of the
VRR Interest in the form of Class VRR Certificates (which assignment, transfer and conveyance shall, solely for purposes of satisfying
the requirements of Section 11(a)(1) of the Credit Risk Retention Rule, be deemed assigned, transferred and conveyed from the
Depositor to GACC and from GACC to MSBNA).

 

The
portion of the VRR Interest (or Class VRR Certificates) that DBNY is so purchasing from the Depositor on the Closing Date is referred
to in this Agreement as the “VRR1 Interest”. The portion of the VRR Interest (or Class VRR Certificates) that WFB
is so purchasing from the Depositor on the Closing Date is referred to in this Agreement as the “VRR2 Interest”. The
portion of the VRR Interest (or Class VRR Certificates) that MSBNA is so purchasing from the Depositor on the Closing Date is
referred to in this Agreement as the “VRR3 Interest”.

 

As
of the Cut-off Date, the Trust Loan has a Stated Principal Balance equal to approximately $825,000,000.

 

In
consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee and the other parties hereto hereby agree as follows:

 

    -2-

     

    

 

ARTICLE
I

DEFINITIONS

 

Section 1.01       
Defined Terms. Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires,
shall have the meanings specified in this Article.

 

“30/360
Basis”: The accrual of interest calculated on the basis of a 360-day year consisting of twelve 30-day months.

 

“17g-5
Information Provider”: The Certificate Administrator.

 

“17g-5
Information Provider’s Website”: The internet website of the 17g-5 Information Provider, initially located at
www.ctslink.com, under the “NRSRO” tab of the respective transaction, access to which is limited to NRSROs who have
provided an NRSRO Certification to the 17g-5 Information Provider.

 

“AB
Modified Loan”: Any Corrected Mortgage Loan (1) that became a Corrected Mortgage Loan due to a modification thereto
that resulted in the creation of an A/B note structure (or similar structure) and as to which the new junior note(s) did not previously
exist or the principal amount of the new junior note(s) was previously part of either an A note held by the Trust or the original
unmodified Trust Loan and (2) as to which an Appraisal Reduction Amount is not in effect.

 

“Acceptable
Insurance Default”: With respect to the Whole Loan, any Default arising when the Loan Documents require that the Borrower
must maintain standard extended coverage casualty insurance or other insurance that covers acts of terrorism and the Special Servicer
has determined, in accordance with the Servicing Standard, that either (i) such insurance is not available at commercially
reasonable rates and the subject hazards are not at the time commonly insured against for properties similar to the Mortgaged
Property and located in or around the geographic region in which the Mortgaged Property is located (but only by reference to such
insurance that has been obtained by such owners at current market rates), or (ii) such insurance is not available at any
rate. In making this determination, the Special Servicer, to the extent consistent with the Servicing Standard, may rely on the
opinion of an insurance consultant (such expense to be advanced as a Property Advance).

 

“Accrued
AB Loan Interest”: With respect to any AB Modified Loan and any date of determination, accrued and unpaid interest that
remains unpaid with respect to the new junior note(s) of such AB Modified Loan.

 

“Act”:
The Securities Act of 1933, as it may be amended from time to time.

 

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

 

    -3-

     

    

 

“Additional
Disclosure Notification”: The form of notification to be included with any Additional Form 10-D Disclosure, Additional
Form 10-K Disclosure or Form 8-K Disclosure Information which is attached to this Agreement as Exhibit W.

 

“Additional
Form 10-D Disclosure”: The information described in the Form 10-D items set forth under the “Item on Form
10-D” column on Exhibit T hereto.

 

“Additional
Form 10-K Disclosure”: The information described in the Form 10-K items set forth under the “Item on Form
10-K” column on Exhibit U hereto.

 

“Additional
Servicer”: Each Affiliate of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee,
the Trust Loan Sellers or the Initial Purchasers (other than an Affiliate of any such party acting in the capacity of a Sub-Servicer),
that Services the Trust Loan, and each Person, other than the Special Servicer, who is not an Affiliate of any of the Master Servicer,
the Certificate Administrator, the Trustee, the Trust Loan Sellers or the Underwriters, who Services 10% or more of the Trust
Loan (based on its Stated Principal Balance).

 

“Additional
Trust Fund Expense”: Any extraordinary expense incurred with respect to the Trust Fund (including interest on Advances
(to the extent such amounts cannot be paid from Default Interest or late payment fees on the Whole Loan), Special Servicing Fees,
Liquidation Fees and Workout Fees) and not otherwise treated as a Realized Loss that would result in the Holders of any Class
of Non-VRR Certificates or any VRR Interest Owner receiving less than the full amount of principal and/or the Interest Distribution
Amount to which they are entitled on any Distribution Date. Expenses incurred as a result of the exercise of the Master Servicer
or Special Servicer, as applicable, of any right granted under the Loan Documents to obtain terrorism insurance in the event that
the Borrower (i) is not required to purchase such terrorism insurance or (ii) is only required to purchase terrorism
insurance up to a cap shall be an Additional Trust Fund Expense.

 

“Administrative
Advance”: As defined in Section 4.07(c) of this Agreement.

 

“Administrative
Fee Rate”: The percentage rate per annum equal to the sum of (i) the Servicing Fee Rate, (ii) the Trustee/Certificate
Administrator Fee Rate and (iii) the CREFC® License Fee Rate. The Administrative Fee Rate is equal to 0.00770%
per annum and accrues on the same basis as interest accrues on the Whole Loan.

 

“Advance”:
Any P&I Advance, Property Advance or Administrative Advance.

 

“Advance
Interest Amount”: Interest at the Advance Rate on the aggregate amount of P&I Advances, Property Advances and Administrative
Advances for which the Master Servicer or the Trustee, as applicable, has not been reimbursed for the number of days from the
date on which such Advance was made to the date of payment or reimbursement of the related Advance or other such amount, less
any amount of interest previously paid on such Advance; provided that if, during any Collection Period in which an Advance
was made, the Borrower makes a payment of an amount in respect of which such Advance was made with interest at the Default Rate
or a late payment fee, the Advance Interest Amount payable to the Master Servicer or the Trustee shall be paid first, from
Default Interest and late payment fees in the manner set forth in Section 9(d) of the Co-Lender Agreement, and then,
upon determining in accordance with the Servicing Standard

 

    -4-

     

    

 

 that such Advance Interest Amount is not recoverable from such amounts
from other amounts on deposit in the Collection Account.

 

“Advance
Rate”: A per annum rate equal to the Prime Rate. Interest at the Advance Rate will accrue from (and including)
the date on which the related Advance is made or the related expense incurred to (but excluding) the date on which such amounts
are recovered out of amounts received on the Trust Loan as to which such Advances were made or servicing expenses incurred or
the first Servicer Remittance Date after a determination of non-recoverability, as the case may be, is made; provided that
such interest at the Advance Rate will continue to accrue to the extent funds are not available in the Collection Account for
such reimbursement of such Advance.

 

“Adverse
REMIC Event”: Any action, that, under the REMIC Provisions, if taken or not taken, as the case may be, could (i) cause
either Trust REMIC to fail to qualify as a REMIC or (ii) result in the imposition of a tax 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, but not including the tax on
“net income from foreclosure property”).

 

“Affected
Reporting Party”: As defined in Section 11.12 of this Agreement.

 

“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. The Trustee and the Certificate Administrator may obtain and rely on an Officer’s Certificate of the Master Servicer,
the Special Servicer or the Depositor to determine whether any Person is an Affiliate of such party.

 

“Affiliated
Person”: Any Person (other than a Rating Agency) involved in the organization or operation of the Depositor or
an affiliate, as defined in Rule 405 of the Act, of such Person.

 

“Agent
Member”: Members of, or Depository Participants in, the Depository.

 

“Aggregate
Available Funds”: For any Distribution Date the sum of (i) all previously undistributed Monthly Payments or other
receipts on account of principal and interest on or in respect of the Trust Loan (including Unscheduled Payments and Net REO Proceeds,
if any, transferred from an REO Account pursuant to Section 3.15(b) of this Agreement) received by or on behalf of
the Master Servicer in the Collection Period relating to such Distribution Date, (ii) all P&I Advances made by the Master
Servicer or the Trustee, as applicable, in respect of the Trust Loan as of such Distribution Date, (iii) all other amounts
received by the Master Servicer in the Collection Period and required to be deposited in the Collection Account by the Master
Servicer pursuant to Section 3.05 of this Agreement, (iv) without duplication, any late Monthly Payments on the
Trust Loan received after the end of the Collection Period relating to such Distribution Date but prior to the close of business
on the Business Day prior to the related Servicer Remittance Date, (v) any Master Servicer Prepayment Interest Shortfall
Amount remitted by the Master Servicer to the Collection Account, and (vi) with respect to the Distribution Date in March

 

    -5-

     

    

 

of each calendar year (or February if the final Distribution Date occurs in such month), the Withheld Amounts then on deposit
in the Interest Reserve Account by the Certificate Administrator in accordance with Section 3.05 of this Agreement;
but excluding (without duplication) the following (in no order of priority):

 

(a)          
all amounts permitted to be used to reimburse the Master Servicer or the Trustee, as applicable, for previously unreimbursed Advances
and interest thereon as described in Section 3.06 of this Agreement;

 

(b)          the aggregate amount of the Servicing Fee, the Trustee/Certificate Administrator Fee, the CREFC® License Fee, the
Special Servicing Fee, fees for primary servicing functions, Prepayment Interest Excess (net of any Prepayment Interest Shortfall),
Net Default Interest, late payment fees (to the extent not applied to the reimbursement of Advance Interest Amounts and/or Additional
Trust Fund Expenses as provided in Section 3.06 of this Agreement), Workout Fees, Liquidation Fees, Assumption Fees,
Modification Fees, loan service transaction fees, Permitted Special Servicer/Affiliate Fees, defeasance fees, demand fees, beneficiary
statement charges and similar fees on the Trust Loan payable to the Master Servicer, the Special Servicer, the Certificate Administrator
and the Trustee, together with interest on Advances to the extent provided herein, and reinvestment earnings on payments received
for the Trust Loan (in the case of all of the foregoing, which the Master Servicer, the Special Servicer, the Certificate Administrator
or the Trustee is entitled to retain as Servicing Compensation, Special Servicing Compensation or other compensation, as applicable,
and is allocable to the Trust Loan), in each case in respect of such Distribution Date;

 

(c)          
all amounts representing scheduled Monthly Payments on the Trust Loan due after the related Due Date;

 

(d)          to the extent permitted hereunder, that portion of Net Liquidation Proceeds, Net Insurance Proceeds and Net Condemnation Proceeds
with respect to the Trust Loan which represents any unpaid Servicing Fee, Servicing Compensation, Special Servicing Compensation,
Trustee/Certificate Administrator Fee and CREFC® License Fee, to which the Master Servicer, the Special Servicer,
any Sub-Servicer, the Certificate Administrator, the Trustee and/or CREFC®, as the case may be, are entitled and
is allocable to the Trust Loan;

 

(e)          
all amounts representing certain fees and expenses, including indemnity amounts, reimbursable or payable to the Master Servicer,
the Special Servicer, the Certificate Administrator (in all of its capacities under this Agreement), the Custodian or the Trustee
and other amounts permitted to be retained by the Master Servicer or withdrawn by the Master Servicer from the Collection Account
to the extent expressly set forth in this Agreement (including, without limitation, as provided in Section 3.06 of
this Agreement and including any indemnities provided for herein), including interest thereon as expressly provided in this Agreement
(to the extent allocable to the Trust Loan);

 

(f)          
any interest or investment income on funds on deposit in the Collection Account or any interest on Permitted Investments in which
such funds may be invested;

 

    -6-

     

    

 

(g)          all amounts received with respect to the Trust Loan if previously purchased or repurchased from the Trust Fund pursuant to Section 2.03(e),
Section 3.16 or Section 9.01 of this Agreement or the Trust Loan Purchase Agreements or any mezzanine
loan intercreditor agreement during the related Collection Period and subsequent to the date as of when the Trust Loan was purchased
or repurchased;

 

(h)          the amount reasonably determined by the Certificate Administrator to be necessary to pay any applicable federal, state or local
taxes imposed on the Upper-Tier REMIC or the Lower-Tier REMIC under the circumstances and to the extent described in Section 4.05 of this Agreement;

 

(i)           
Prepayment Charges; and

 

with
respect to the Distribution Date occurring in (A) January of each calendar year that is not a leap year and (B) February
of each calendar year, in each case, unless such Distribution Date is the final Distribution Date, the Withheld Amounts deposited
into the Interest Reserve Account by the Certificate Administrator in accordance with Section 3.05(f) of this Agreement.
For the avoidance of doubt, Aggregate Available Funds will not include any amounts allocable to the Companion Loans under the
Co-Lender Agreement.

 

“Aggregate
Principal Distribution Amount”: For any Distribution Date, an amount equal to (i) the sum of (without duplication
and to the extent not already included in the Aggregate Principal Distribution Amount, if any, for the prior Distribution Date
and other than amounts received with respect to the Trust Loan as recoveries of Realized Losses):

 

(A)         the principal component, if any, of the scheduled Monthly Payment (other than any Balloon Payment) due on the Trust Loan on the
Due Date in the related Collection Period (if received during the related Collection Period or advanced);

 

(B)         the principal component, if any, of the Assumed Scheduled Payment deemed due on the Due Date in the related Collection Period
(if received during the related Collection Period or advanced) with respect to the Trust Loan if it is delinquent in respect of
its Balloon Payment;

 

(C)         the Stated Principal Balance of the Trust Loan if it was, during the Collection Period, repurchased from the Trust Fund in connection
with a Breach or Defect pursuant to Section 2.03 of this Agreement, purchased from the Trust Fund pursuant to Section 3.16 of this Agreement, or purchased from the Trust Fund pursuant to Section 9.01 of this Agreement;

 

(D)         the portion of Unscheduled Payments allocable to principal of the Trust Loan received during the Collection Period;

 

(E)          the principal component of any Balloon Payment and any other principal payment on the Trust Loan received on or after the Maturity
Date thereof, to the extent received during the Collection Period;

 

    -7-

     

    

 

(F)         all other Principal Prepayments on the Trust Loan received in the related Collection Period;

 

(G)         any indemnification payment made by any Trust Loan Seller as a result of a Material Breach or Material Document Defect pursuant
to Section 2.03(e) of this Agreement to the extent that such amount was transferred into the Collection Account pursuant
to Section 3.05(a)(xi) of this Agreement during the related Collection Period;

 

(H)         any other full or partial recoveries in respect of principal of the Trust Loan, including Net Insurance Proceeds, Net Liquidation
Proceeds, Net Condemnation Proceeds and Net REO Proceeds received in the related Collection Period; and

 

(I)          
the principal component of any late Monthly Payments or Unscheduled Payments on the Trust Loan received after the end of the Collection
Period relating to such Distribution Date but prior to the close of business on the Business Day prior to the related Servicer
Remittance Date;

 

as
reduced by (ii) the principal portion of all previously unreimbursed P&I Advances that are paid or reimbursed from the
principal collections on the Trust Loan described in clause (i) of this definition.

 

The
principal component of the amounts set forth above shall be determined in accordance with Section 1.02 of this Agreement.

 

“Agreement”:
This Trust and Servicing Agreement and all amendments hereof and supplements hereto.

 

“Annual
Budget”: As defined in the Loan Agreement.

 

“Anticipated
Final Termination Date”: Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant
to Section 9.01(c) of this Agreement.

 

“Applicable
KBRA Permitted Investment Rating” (A) In the case of such investments with maturities of 60 days or less, the short-term
obligations of which are rated in the highest short term debt rating category of KBRA (if then rated by KBRA), (B) in the case
of such investments with maturities of more than 60 days, the short term obligations of which are rated in the highest rating
category of KBRA (if then rated by KBRA) and (C) if it has a term in excess of six months, the long term debt obligations of which
are rated “AAA” by KBRA (if then rated by KBRA).

 

“Applicable
Moody’s Permitted Investment Rating”: (A) In the case of such investments with maturities of thirty (30)
days or less, the short-term debt obligations of which are rated in the highest short-term rating category by Moody’s or
the long-term debt obligations of which are rated at least

 

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 “A2” by Moody’s, (B) in the case of such investments
with maturities of 3 months or less, but more than 30 days, the short-term obligations of which are rated in the highest short-term
rating category by Moody’s or the long-term debt obligations of which are rated at least “A1” by Moody’s,
(C) in the case of such investments with maturities of 6 months or less, but more than 3 months, the short term obligations
of which are rated in the highest short-term rating category by Moody’s or the long-term debt obligations of which are rated
at least “Aa3” by Moody’s, and (D) in the case of such investments with maturities of more than 6 months,
the short-term obligations of which are rated in the highest short term rating category by Moody’s or the long-term obligations
of which are rated at least “Aaa” by Moody’s.

 

“Applicable
S&P Permitted Investment Rating”: (A) In the case of such investments with maturities of sixty (60) days or less,
the short term obligations of which are rated at least “A-1” by S&P, or (B) in the case of such investments with
maturities of more than sixty (60) days, the short term obligations of which are rated “A-1+” by S&P (or at least
“A-1” by S&P, if the long term obligations of which are rated at least “AA-” by S&P).

 

“Applicable
Procedures”: As defined in Section 5.02(c)(ii)(A) of this Agreement.

 

“Applicable
State and Local Tax Law”: For purposes hereof, the Applicable State and Local Tax Law shall be (a) the tax laws
of the State of New York and (b) such state or local tax laws whose applicability shall have been brought to the attention
of the Certificate Administrator by either (i) an opinion of counsel delivered to it or (ii) written notice from the
appropriate taxing authority as to the applicability of such state or local tax laws.

 

“Appraisal”:
With respect to the Mortgaged Property, an appraisal prepared by an Independent MAI appraiser with at least five years of experience
in appraising properties of like kind, similar size, quality and condition and in the same area.

 

“Appraisal
Reduction Amount”: For any Distribution Date as to which an Appraisal Reduction Event has occurred, an amount calculated
by the Master Servicer by the first Determination Date that is at least ten (10) Business Days following the date the Master Servicer
receives from the Special Servicer the required Appraisal (and thereafter by the first Determination Date following any change
in the amounts set forth in the following equation) and receipt of any additional relevant information from the Special Servicer
equal to the excess, if any, of (a) the sum of (without duplication) (i) the Stated Principal Balance of the Whole Loan,
plus (ii) to the extent not previously advanced by the Master Servicer, the Trustee, the Other Master Servicer or the Other
Trustee, all unpaid interest on the Whole Loan at a per annum rate equal to the Whole Loan Rate, plus (iii) all unreimbursed
Advances, and all unpaid interest on Advances at the Advance Rate in respect of the Trust Loan or the Companion Loans, plus (iv) any
other unpaid Additional Trust Fund Expenses of the Issuing Entity and all unreimbursed monthly debt service advances made by the
master servicer or the trustee under each Companion Loan securitization and interest thereon in respect of the Whole Loan, plus
(v) all currently due and unpaid real estate taxes, ground rents and assessments and insurance premiums (net of any escrows
and reserves therefor) and all other amounts (excluding principal, Default Interest, late charges, penalty charges, exit fees,
Prepayment Charges and any similar amounts) due and unpaid with respect to the Whole Loan (which taxes, premiums (net of any escrows
and reserves therefor) and other amounts that have not been the subject of an Advance by the Master Servicer or the Trustee, as
applicable), over (b) the sum of (without duplication) (i) 90% of the appraised value (net of any prior mortgage liens)
of the Mortgaged Property as determined by an Updated Appraisal obtained by the Special Servicer (the costs of which shall be
paid by the Master Servicer as a Property Advance) minus, solely for purposes of determining the amount by which P&I Advances
or monthly debt service

 

    -9-

     

    

 

 advances under each Companion Loan securitization made by the Master Servicer or Other Master Servicer
with respect to the Trust Loan or the Companion Loans, as applicable, is to be reduced, any downward adjustments the Special Servicer
deems appropriate in accordance with the applicable Servicing Standard (without implying any duty to do so) based upon its review
of the Appraisal and any other information it may deem appropriate, plus (ii) all escrows, letters of credit and reserves
(other than escrows and reserves for taxes, ground rents, assessments and insurance), plus (iii) all insurance and casualty
proceeds and condemnation awards that constitute collateral for the Whole Loan (whether paid or then payable by any insurance
company or government authority); provided that without limiting the Special Servicer’s obligation to order and obtain
such Appraisal, if the Special Servicer has not obtained an Appraisal or an Updated Appraisal, as applicable, referred to above
within 60 days of the Appraisal Reduction Event (or in the case of an Appraisal Reduction Event occurring by reason of clause (ii) of the definition thereof, within 30 days of such Appraisal Reduction Event), solely for purposes of determining the amount
by which P&I Advances or monthly debt service advances under each Companion Loan securitization made by the Master Servicer
or Other Master Servicer with respect to the Trust Loan or the Companion Loans, as applicable, are to be reduced (and not for
the purpose of determining whether a Subordinate Control Period or Subordinate Consultation Period has occurred and is continuing
or for reducing the Voting Rights of Certificateholders), the Appraisal Reduction Amount shall be deemed to be an amount equal
to 25% of the current Stated Principal Balance of the Whole Loan until such time as such Updated Appraisal referred to above is
received and the Appraisal Reduction Amount is calculated (an “Assumed Appraisal Reduction Amount”).

 

Notwithstanding
anything herein to the contrary, the aggregate Appraisal Reduction Amount related to the Whole Loan or the REO Property will
be reduced to zero as of the date the Whole Loan is paid in full, liquidated, repurchased or otherwise removed from the Trust
Fund. In addition, to the extent an Appraisal Reduction Event has occurred, the Whole Loan shall no longer be subject to the Appraisal
Reduction Amount if (a) the Whole Loan has become a Corrected Whole Loan (if a Servicing Transfer Event had occurred with
respect to the Whole Loan) or (b) an Updated Appraisal is obtained and after giving effect thereto, no Appraisal Reduction
Amount exists; provided that in case of either of clause (a) or (b), no other Appraisal Reduction Event has
occurred and is continuing. The Trust Loan and the Companion Loans shall be treated as a single mortgage loan for purposes of
calculating an Appraisal Reduction Amount with respect to the mortgage loans that comprise such Whole Loan. Any Appraisal Reduction
Amount in respect of the Whole Loan shall be allocated first, to the Junior Notes up to the full outstanding principal
balances thereof, pro rata, and second, to the Senior Notes up to the full outstanding principal balances thereof,
pro rata.

 

“Appraisal
Reduction Event”: With respect to the Whole Loan, on the earliest of the following (i) the date on which the Whole
Loan becomes a Modified Whole Loan, (ii) the 90th day following the occurrence of any uncured Delinquency in Monthly Payments,
(iii) receipt of notice that the Borrower has filed a bankruptcy petition or the date on which a receiver is appointed and
continues in such capacity in respect of the Mortgaged Property or the 60th day after the Borrower becomes the subject of involuntary
bankruptcy proceedings and such proceedings are not dismissed in respect of the Mortgaged Property, (iv) the date on which
the Mortgaged Property becomes an REO Property and (v) a payment default shall have occurred with respect to the related
Balloon Payment; provided, however, that for purposes of clause (v) above, if (a) the Borrower is diligently
seeking a refinancing commitment or sale of the Mortgaged Property (and delivers a

 

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 statement to that effect to the Master Servicer
within 30 days after the default, which shall promptly deliver a copy to the Special Servicer), (b) the Borrower continues
to make the Assumed Scheduled Payment and (c) no other Appraisal Reduction Event has occurred with respect to the Whole Loan,
then an Appraisal Reduction Event will not occur until 60 days beyond the Maturity Date, unless extended by the Special Servicer
in accordance with the Loan Documents or this Agreement; and provided, further, that if the Borrower has delivered
to the Master Servicer (which shall promptly deliver a copy to the Special Servicer) on or before the 60th day after the Maturity
Date, a refinancing commitment, letter of intent or otherwise binding application for refinancing or similar document, in each
case from a lender reasonably acceptable to the Master Servicer, or a signed purchase agreement reasonably acceptable to the Master
Servicer, and the Borrower continues to make the Assumed Scheduled Payments (and no other Appraisal Reduction Event has occurred
with respect to the Whole Loan), an Appraisal Reduction Event will not occur until the earlier of (1) 120 days beyond the
related Maturity Date (or extended Maturity Date) and (2) the termination of such refinancing commitment, letter of intent
or otherwise binding application for refinancing or similar document. The Special Servicer shall notify the Master Servicer promptly
upon the occurrence of any of the foregoing events if the Whole Loan is a Specially Serviced Loan.

 

“Asset
Status Report”: As defined in Section 3.23(e) of this Agreement.

 

“Assignment
of Leases and Rents”: With respect to the Mortgaged Property, any assignment of leases and rents or similar agreement
executed by the Borrower, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation,
leasing or disposition of all or a portion of the Mortgaged Property, in the form which was duly executed, acknowledged and delivered,
as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

 

“Assignment
of Management Agreement”: As defined in the Loan Agreement.

 

“Assignment
of Mortgage”: An assignment of Mortgage without recourse, notice of transfer or equivalent instrument, in recordable
form, which is sufficient under the laws of the jurisdiction in which the Mortgaged Property is located to reflect of record the
sale of the Mortgage.

 

“Assumed
Scheduled Payment”: If the Trust Loan is delinquent in respect of its Balloon Payment (including any REO Loan), an amount
equal to the sum of (a) the principal portion, if any, of the Monthly Payment that would have been due on the Trust Loan
on the related Due Date (or portion thereof not received), based on the constant payment required by the Trust Notes or, if applicable,
the amortization or payment schedule thereof (as calculated with interest at the Trust Loan Rate), assuming such Balloon Payment
had not become due, after giving effect to any prior modification, and (b) interest at the Trust Loan Rate minus the applicable
Servicing Fee Rate.

 

“Assumption
Fees”: Any fees (other than assumption application fees) collected by the Master Servicer or the Special Servicer in
connection with an assumption of the Whole Loan or related substitution of the Borrower (or an interest therein) thereunder (in
each case, as permitted or set forth in the Loan Documents or under the provisions of this Agreement).

 

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“Authenticating
Agent”: Any authenticating agent appointed by the Certificate Administrator pursuant to Section 3.18 of
this Agreement.

 

“Balloon
Payment”: With respect to the Trust Loan or Whole Loan, as applicable, the scheduled payment of principal due on the
Maturity Date (less, principal included in the applicable amortization schedule or scheduled Monthly Payment).

 

“Base
Interest Fraction”: With respect to any Principal Prepayment on the Trust Loan for:

 

(A)
any of the Class A, Class B, Class C, Class D, Class E and Class F Certificates with a Pass-Through Rate equal to either the Net
Mortgage Rate or the Net Mortgage Rate less a specified rate, a fraction (not greater than one) (a) the numerator of which
is the greater of zero and the amount, if any, by which (i) the Pass-Through Rate on such Class of Certificates exceeds (ii) the
yield rate (as provided by the Master Servicer) used in calculating the Prepayment Charges with respect to such Principal Prepayment
and (b) the denominator of which is the amount, if any, by which (i) the Net Mortgage Rate exceeds (ii) the Discount
Rate (as provided by the Master Servicer) used in calculating the Prepayment Charges with respect to such Principal Prepayment;
provided that if such Discount Rate is greater than or equal to the Net Mortgage Rate, then the respective Base Interest
Fraction shall be zero; provided, further, that if such yield rate is greater than or equal to the Net Mortgage
Rate, but less than the Pass-Through Rate described in the clause (a)(i) above, then the Base Interest Fraction shall be
one; and

 

(B)
any of the Class A, Class B, Class C, Class D, Class E and Class F Certificates with a Pass-Through Rate equal to a fixed per
annum rate, a fraction (not greater than one) (a) the numerator of which is the greater of zero and the amount, if any, by
which (i) the Pass-Through Rate on such Class of Certificates, exceeds (ii) the Discount Rate (as provided by the Master Servicer)
used in calculating the Prepayment Charges with respect to such principal prepayment and (b) the denominator of which is the amount,
if any, by which (i) the rate at which interest accrues on the Trust Loan (net of the Administrative Fee Rate and excluding Default
Interest) during the related Whole Loan Interest Accrual Period multiplied by 365/360, exceeds (ii) the Discount Rate (as provided
by the Master Servicer) used in calculating the Prepayment Charges with respect to such Principal Prepayment; provided
that if such Discount Rate is greater than or equal to the amount set forth in clause (b)(i) above, then the respective
Base Interest Fraction shall be zero; provided, further, that if such yield rate is greater than or equal to the
amount set forth in clause (b)(i) above, but less than the Pass-Through Rate described in clause (a)(i) above, then
the respective Base Interest Fraction shall be one.

 

To
the extent that the “yield rate” referred to in the immediately preceding paragraph to be provided by the Master Servicer
is not provided in the related Loan Documents, such “yield rate” shall be, when compounded monthly, equivalent to
the yield, on the U.S. Treasury primary issue with a maturity date closest to the Maturity Date for the Trust Loan. If there are:
(a) two or more U.S. Treasury issues with the same coupon the issue with the lower yield shall be selected and (b) two
or more U.S. Treasury issues with maturity dates equally close to the Maturity Date for the Trust Loan, the issue with an earlier
maturity date shall be selected.

 

“Beneficial
Owner”: With respect to a Global Certificate, the Person who is the beneficial owner of such Certificate as reflected
on the books of the Depository or on the books of

 

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 a Person maintaining an account with such Depository (directly as a Depository
Participant or indirectly through a Depository Participant, in accordance with the rules of such Depository) with respect to such
Classes. Each of the Trustee, the Certificate Administrator and the Master Servicer shall have the right to require, as a condition
to acknowledging the status of any Person as a Beneficial Owner under this Agreement, that such Person executes an Investor Certification.

 

“Book-Entry
Certificate” shall mean any Non-VRR Certificate registered in the name of the Depository or its nominee.

 

“Borrower”:
One Hundred Towers, L.L.C., a Delaware limited liability company (or the successor in interest to the foregoing under the Loan
Agreement).

 

“Borrower
Accounts”: As defined in Section 3.07(a) of this Agreement.

 

“Borrower
Related Party”: Any of (a) the Borrower, a Borrower Sponsor, a Manager, and Mezzanine Loan borrower or a Restricted
Holder (b) any other Person controlling or controlled by or under common control with the Borrower, a Borrower Sponsor, a
Manager, a Mezzanine Loan borrower or a Restricted Holder, as applicable, or (c) any other Person owning, directly or indirectly,
25% or more of the beneficial interests in the Borrower, a Borrower Sponsor, a Manager, a Mezzanine Loan borrower or a Restricted
Holder, as applicable. 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.

 

“Borrower
Sponsor”: SPF JVP LLC, a Delaware limited liability company and Luminance Acquisition Venture LLC, a Delaware limited
liability company.

 

“Breach”:
As defined in Section 2.03(e) of this Agreement.

 

“Business
Day”: Any day other than (i) a Saturday or a Sunday, (ii) a legal holiday in New York, New York, Concord,
California, Charlotte, North Carolina or any principal city in which the Master Servicer, the Special Servicer, the Trustee or
the Certificate Administrator conduct servicing, trust administration or surveillance operations, or (iii) any day on which
the Federal Reserve Bank of New York or banking institutions or savings associations in New York, New York, or any principal city
in which the Master Servicer, the Special Servicer, the Trustee or the Certificate Administrator are located or conducts servicing,
trust administration, certificate transfers or surveillance operations are authorized or obligated by law or executive order to
be closed.

 

“Calculation
Rate”: A discount rate appropriate for the type of cash flows being discounted, namely (i) for principal and interest
payment on the Trust Loan or Whole Loan or sale of a Defaulted Mortgage Loan, the highest of (1) the rate determined by the
Master Servicer or Special Servicer, as applicable, that approximates the market rate that would be obtainable by the Borrower
on similar non-defaulted debt of the Borrower as of such date of determination, (2) the Trust Loan Rate or Whole Loan Rate,
as applicable, and (3) the yield on 10-year U.S. treasuries as of such date of determination and (ii) for all other
cash flows, including property cash flow, the “discount rate” set forth in the most recent Appraisal (or Updated Appraisal).

 

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“Cash
Collateral Account”: Any account or accounts created pursuant to a Mortgage, Loan Agreement, Cash Collateral Account
Agreement or other Loan Document into which the Lock-Box Account monies are swept on a regular basis for the benefit of the Trustee,
on behalf of the Certificateholders and the Companion Loan Holders, as successor to the Trust Loan Sellers. Any Cash Collateral
Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive all reinvestment
income or gain thereon in accordance with the terms and provisions of the Loan Agreement and Section 3.07 of this
Agreement, which Person shall be taxed on all reinvestment income or gain thereon in accordance with the terms of the Loan Agreement.
The Master Servicer shall be permitted to make withdrawals therefrom for deposit into the Collection Account. To the extent not
inconsistent with the terms of the related Loan Documents, the Cash Collateral Account shall be an Eligible Account.

 

“Cash
Collateral Account Agreement”: The cash collateral account agreement between the Originators and the Borrower, pursuant
to which the Cash Collateral Account, if any, may have been established.

 

“Cash
Management Agreement”: As defined in the Loan Agreement.

 

“Certificate”:
Any Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class R, Class LR or Class VRR
Certificate issued, authenticated and delivered hereunder.

 

“Certificate
Administrator”: Wells Fargo Bank, National Association, a national banking association, in its capacity as Certificate
Administrator, or its successor in interest, or any successor certificate administrator appointed as herein provided.

 

“Certificate
Administrator Indemnification Agreement”: The agreement dated as of the Pricing Date, among the Certificate Administrator,
the Depositor and the Initial Purchasers.

 

“Certificate
Administrator’s Website”: The internet website of the Certificate Administrator, initially located at www.ctslink.com.

 

“Certificate
Balance”: With respect to any Class of Principal Balance Certificates (a) on or prior to the first Distribution
Date, an amount equal to the aggregate initial Certificate Balance of such Class, as specified in the Preliminary Statement to
this Agreement and (b) as of any date of determination after the first Distribution Date, the Certificate Balance of such
Class of Principal Balance Certificates on the Distribution Date immediately prior to such date of determination less any distributions
allocable to principal and any allocations of Realized Losses or VRR Realized Losses, as applicable, made thereon on such prior
Distribution Date.

 

“Certificate
Custodian”: Initially, the Certificate Administrator performing its duties hereunder through its Document Custody division;
thereafter, any other Certificate Custodian acceptable to the Depository and selected by the Certificate Administrator.

 

“Certificate
Interest Accrual Period”: With respect to any Class of Non-VRR Certificates and any Distribution Date, the calendar
month immediately preceding the month in which such Distribution Date occurs.

 

    -14-

     

    

 

“Certificate
Register” and “Certificate Registrar”: The register maintained and the registrar appointed pursuant
to Section 5.02 of this Agreement.

 

“Certificateholder”:
The Person whose name a Certificate (including a Class VRR Certificate) is registered in the Certificate Register, subject to
the following:

 

(a)         
except as provided in clauses (b) and (d), solely for the purpose of giving any consent or taking any action
pursuant to this Agreement, any Certificate (including a Class VRR Certificate) beneficially owned by (x) the Depositor,
the Master Servicer, the Special Servicer (in its individual capacity), the Certificate Administrator, the Trustee (in its individual
capacity) or any Person known to a Responsible Officer of the Certificate Registrar to be an Affiliate of any of the foregoing
parties or (y) any Borrower Related Party, shall be deemed not to be outstanding and the Voting Rights to which it is entitled
shall not be taken into account in determining whether the requisite percentage of Voting Rights necessary to effect any such
consent or take any such action has been obtained;

 

(b)          for purposes of obtaining the consent of Certificateholders to an amendment of this Agreement, any Certificates beneficially owned
by the Master Servicer or the Special Servicer or an Affiliate thereof shall be deemed to be outstanding for all purposes if such
amendment does not relate to the increase in compensation or material reduction in obligations of the Master Servicer or the Special
Servicer in any material respect, provided that if such amendment does relate to such matters, such Certificates shall
be deemed not to be outstanding with respect to such matters;

 

(c)          
for purposes of obtaining the consent of Certificateholders (other than the Controlling Class Certificateholders or the Directing
Holder) to any action proposed to be taken by the Special Servicer with respect to the Whole Loan, any Certificates beneficially
owned by the Special Servicer or an Affiliate thereof shall be deemed not to be outstanding; and

 

(d)          for purposes of providing or distributing any reports, statements or other information required or permitted to be provided to
a Certificateholder hereunder, a Certificateholder shall include any Beneficial Owner, or (subject to the execution of an Investor
Certification) any Person identified by a Beneficial Owner as a prospective transferee of a Certificate beneficially owned by
such Beneficial Owner, but only if the Certificate Administrator or another party hereto furnishing such report, statement or
information has been provided with the name of the Beneficial Owner of the related Certificate or the Person identified as a prospective
transferee thereof.

 

Notwithstanding
anything to the contrary in this paragraph, the limitations set forth in the foregoing clauses (a), (b), (c) and (d) shall not be construed so as to limit or prevent a Controlling Class Certificateholder or the Directing Holder,
solely based on it being an Affiliate of the Special Servicer, from exercising any appointment, consent, consultation or any other
rights (including, without limitation, Voting Rights) it may have under this Agreement solely in its capacity as Controlling Class
Certificateholder or Directing Holder (unless, for the avoidance of doubt, the Controlling Class Certificateholder or Directing
Holder is a Borrower Related Party).

 

    -15-

     

    

 

For
purposes of the foregoing, the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee,
the Paying Agent or other such Person may rely, without limitation, on a Depository Participant listing from the Depository or
statements furnished by a Person that on their face appear to be statements from a Depository Participant to such Person indicating
that such Person beneficially owns Certificates.

 

“Certificateholder
Quorum”: In connection with any solicitation of votes in connection with the replacement of the Special Servicer pursuant
to Section 3.22(b), the holders of Principal Balance Certificates evidencing at least 66-2⁄3% of the aggregate
Voting Rights (taking into account Realized Losses and the application of any Appraisal Reduction Amounts and Collateral Deficiency
Amounts to notionally reduce the Certificate Balances of the Principal Balance Certificates) of all Principal Balance Certificates
on an aggregate basis.

 

“Certifying
Certificateholder”: A Certificateholder or Beneficial Owner of a Certificate that has provided the Certificate Administrator
with an executed Investor Certification.

 

“Certifying
Person”: As defined in Section 11.11 of this Agreement.

 

“Certifying
Servicer”: As defined in Section 3.27 of this Agreement.

 

“Class”:
All of the Certificates bearing the same alphabetical or alphanumeric Class designation or each separately designated Lower-Tier
Regular Interest.

 

“Class A
Certificate”: Any one of the Certificates with a “Class A” designation on the face thereof, executed and
authenticated by the Certificate Administrator or the Authenticating Agent on behalf of the Depositor in substantially the form
of Exhibit A-1 to this Agreement.

 

“Class A
Pass-Through Rate”: A per annum rate equal to 2.865% for the related Distribution Date.

 

“Class B
Certificate”: Any one of the Certificates with a “Class B” designation on the face thereof, executed and
authenticated by the Certificate Administrator or the Authenticating Agent on behalf of the Depositor in substantially the form
of Exhibit A-3 to this Agreement.

 

“Class B
Pass-Through Rate”: A per annum rate equal to the Net Mortgage Rate for the related Distribution Date.

 

“Class C
Certificate”: Any one of the Certificates with a “Class C” designation on the face thereof, executed and
authenticated by the Certificate Administrator or the Authenticating Agent on behalf of the Depositor in substantially the form
of Exhibit A-4 to this Agreement.

 

“Class C
Pass-Through Rate”: A per annum rate equal to the Net Mortgage Rate for the related Distribution Date.

 

“Class D
Certificate”: Any one of the Certificates with a “Class D” designation on the face thereof, executed and
authenticated by the Certificate Administrator or the Authenticating Agent on behalf of the Depositor in substantially the form
of Exhibit A-5 to this Agreement.

 

    -16-

     

    

 

“Class D
Pass-Through Rate”: A per annum rate equal to the Net Mortgage Rate for the related Distribution Date.

 

“Class E
Certificate”: Any one of the Certificates with a “Class E” designation on the face thereof, executed and
authenticated by the Certificate Administrator or the Authenticating Agent on behalf of the Depositor in substantially the form
of Exhibit A-6 to this Agreement.

 

“Class E
Pass-Through Rate”: A per annum rate equal to the Net Mortgage Rate for the related Distribution Date.

 

“Class F
Certificate”: Any one of the Certificates with a “Class F” designation on the face thereof, executed and
authenticated by the Certificate Administrator or the Authenticating Agent on behalf of the Depositor in substantially the form
of Exhibit A-7 to this Agreement.

 

“Class F
Pass-Through Rate”: A per annum rate equal to the Net Mortgage Rate for the related Distribution Date.

 

“Class
Interest Shortfall”: With respect to any Distribution Date (subsequent to the initial Distribution Date) for any Class
of Non-VRR Certificates, the excess, if any, of (i) the Interest Distribution Amount and any Class Interest Shortfall for
such Class of Non-VRR Certificates for the immediately preceding Distribution Date over (ii) all distributions of interest
made on such Class of Non-VRR Certificates on the immediately preceding Distribution Date. No interest shall accrue on any Class
Interest Shortfall. The Class Interest Shortfall for each Class of Non-VRR Certificates for the initial Distribution Date shall
be zero.

 

“Class
LA Interest”, “Class LB Interest”, “Class LC Interest”, “Class LD Interest”,
“Class LE Interest” and “Class LVRR Interest”: Each, a regular interest in the Lower-Tier
REMIC entitled to monthly distributions payable thereto pursuant to Section 4.01 of this Agreement.

 

“Class LR
Certificate”: Any one of the Certificates with a “Class LR” designation on the face thereof, executed and
authenticated by the Certificate Administrator or the Authenticating Agent on behalf of the Depositor in substantially the form
of Exhibit A-8 to this Agreement. The Class LR Certificates have no Pass-Through Rate, Certificate Balance.

 

“Class R
Certificate”: Any one of the Certificates with a “Class R” designation on the face thereof, executed and
authenticated by the Certificate Administrator or the Authenticating Agent on behalf of the Depositor in substantially the form
of Exhibit A-9 to this Agreement. The Class R Certificates have no Pass-Through Rate or Certificate Balance.

 

“Class
VRR Certificate”: Any one of the Certificates with a “Class VRR” designation on the face thereof, executed
and authenticated by the Certificate Administrator or the Authenticating Agent on behalf of the Depositor in substantially the
form of Exhibit A-10 to this Agreement. The Class VRR Certificates collectively constitute the VRR Interest.

 

“Class
VRR Certificates Safekeeping Account”: An account maintained by the Certificate Administrator, which account shall be
established at the direction of the Retaining Sponsor for the benefit of the Holders of the Class VRR Certificates.

 

    -17-

     

    

 

“Class
X Certificates”: Any one of the Certificates with a “Class X” designation on the face thereof, executed
and authenticated by the Certificate Administrator or the Authenticating Agent on behalf of the Depositor in substantially the
form of Exhibit A-2 to this Agreement.

 

“Class X
Component”: Component XA.

 

“Class X
Notional Amount”: As of any date of determination, the sum of the then Component Notional Amounts of all of the Class
X Components.

 

“Class X
Pass-Through Rate”: With respect to any Distribution Date, the Class X Strip Rates for the Class X Components for such
Distribution Date. The Class X Pass-Through Rate for the initial Distribution Date is approximately 0.131% per annum.

 

“Class
X Strip Rate”: With respect to any Class of Class X Components for any Distribution Date, the excess, if any, of
(i) the Net Mortgage Rate for such Distribution Date over (ii) the Pass-Through Rate of the Class of Corresponding Certificates.

 

“Clearstream”:
Clearstream Banking, S.A.

 

“Closing
Date”: November 14, 2019.

 

“CMBS”:
Commercial mortgage-backed securities.

 

“Co-Lender
Agreement”: The Co-lender agreement, dated as of October 21, 2019, between DBNY, WFB and MSBNA.

 

“Code”:
The Internal Revenue Code of 1986, as amended from time to time, any successor statute thereto, and any temporary or final regulations
of the United States Department of the Treasury promulgated pursuant thereto.

 

“Collateral
Deficiency Amount”: With respect to any AB Modified Loan as of any date of determination, an amount equal to the excess
of (i) the Stated Principal Balance of such AB Modified Loan (taking into account the related junior note(s) and any pari
passu notes included therein), over (ii) the sum of (solely to the extent allocable to the Trust Loan) (x) the most
recent appraised value for the Mortgaged Property, plus (y) solely to the extent not reflected or taken into account
in such appraised value and to the extent on deposit with, or otherwise under the control of, the lender as of the date of such
determination, any capital or additional collateral contributed by the Borrower at the time the Whole Loan became (and as part
of the modification related to) such AB Modified Loan for the benefit of the Mortgaged Property, plus (z) any other
escrows or reserves (in addition to any amounts set forth in the immediately preceding clause (y)) held by the lender in
respect of such AB Modified Loan as of the date of such determination. The Special Servicer and the Certificate Administrator
will be entitled to conclusively rely on the Master Servicer’s calculation or determination of any Collateral Deficiency
Amount.

 

“Collection
Account”: The trust account, accounts or sub-accounts created and maintained by the Master Servicer pursuant to Section 3.05(a) of this Agreement, which shall be entitled (i) “Wells Fargo Bank, National Association, as Master Servicer, on behalf
of Wilmington

 

    -18-

     

    

 

 Trust, National Association, as Trustee, in trust for the benefit of the Holders of CPTS 2019-CPT Mortgage Trust
Commercial Mortgage Pass-Through Certificates, Collection Account” and/or (ii) “Wells Fargo Bank, National Association,
as Master Servicer, on behalf of Wilmington Trust, National Association, as Trustee, in trust for the benefit of the Holders of
CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates, Companion Loan Account”, and each of which must
be an Eligible Account.

 

“Collection
Period”: With respect to any Distribution Date, the period that begins immediately following the Determination Date
in the calendar month preceding the month in which such Distribution Date occurs (or, in the case of the initial Distribution
Date, immediately following the Cut-off Date) and ending at the close of business on such Determination Date in the calendar month
in which the Distribution Date occurs.

 

“Commission”:
The Securities and Exchange Commission.

 

“Companion
Loan(s)”: That portion of the Whole Loan identified (i) as Note A-1-C1, Note A-1-C2, Note A-1-C3, Note A-1-C4,
Note A-1-C5, Note A-1-C6, Note A-1-C7 and Note A-1-C8, which are owned by DBR Investments Co. Limited as of the date hereof and
have an aggregate outstanding principal balance as of the Closing Date of $250,000,000, (ii) as Note A-2-C2, Note A-2-C5,
Note A-2-C6 and Note A-2-C7, which are owned by MSBNA as of the date hereof and have an aggregate outstanding principal balance
as of the Closing Date of $62,500,000, and/or (iii) as Note A-3-C2, Note A-3-C4 and Note A-3-C5, which are owned by WFB as
of the date hereof and have an aggregate outstanding principal balance as of the Closing Date of $62,500,000, as applicable.

 

“Companion
Loan Advance”: With respect to a Companion Loan that is part of an Other Securitization Trust, any advance of delinquent
scheduled payments with respect to such Companion Loan made by the master servicer or trustee with respect to such Other Securitization
Trust.

 

“Companion
Loan Holder”: Any holder of a Companion Loan.

 

“Companion
Loan Rating Agency”: With respect to a Companion Loan, any rating agency that was engaged by a participant in the securitization
of such Companion Loan to assign a rating to the related Companion Loan Securities.

 

“Companion
Loan Securities”: Any commercial mortgage-backed securities that evidence an interest in or are secured by the assets
of an Other Securitization Trust, which assets include a Companion Loan (or a portion thereof or interest therein).

 

“Companion
Loan Service Provider”: With respect to any Companion Loan that has been deposited into a securitization trust, the
related Other Trustee, Other Servicer, Other Special Servicer, any sub-servicer and any other Person that makes principal and/or
interest advances in respect of such Companion Loan pursuant to the related Other Pooling and Servicing Agreement.

 

“Component”:
Each of Component XA and Component XB.

 

    -19-

     

    

 

“Component
Notional Amount”: With respect to each Component and any date of determination, an amount equal to the then Lower-Tier
Principal Balance of such Component’s Corresponding Lower-Tier Regular Interest.

 

“Component
XA”: The component of the Class X Certificates having a Component Notional Amount equal to the then current Lower-Tier
Principal Balance of Lower-Tier Regular Interest LA as of any date of determination.

 

“Component
XB”: The component of the Class X Certificates having a Component Notional Amount equal to the then current Lower-Tier
Principal Balance of Lower-Tier Regular Interest LB as of any date of determination.

 

“Condemnation
Proceeds”: Any awards resulting from the full or partial condemnation or any eminent domain proceeding or any conveyance
in lieu or in anticipation thereof with respect to the Mortgaged Property by or to any governmental, quasi-governmental authority
or private entity with condemnation powers (other than amounts to be applied to the restoration, preservation or repair of the
Mortgaged Property or released to the Borrower in accordance with the terms of the REMIC Provisions and the Whole Loan).

 

“Conflicted
Controlling Class Holder”: The Directing Holder or any Controlling Class Certificateholder, as applicable, that becomes
a Borrower Related Party. Immediately upon obtaining actual knowledge of any such party becoming a “Conflicted Controlling
Class Holder”, the Directing Holder or Controlling Class Certificateholder, as applicable, shall not be considered a Privileged
Person and shall provide notice in the form of Exhibit L-1-D hereto to the Master Servicer, the Special Servicer,
the Trustee and the Certificate Administrator, which such notice shall be physically delivered in accordance with Section 10.05 of this Agreement and shall specifically identify the Conflicted Controlling Class Holder. As of the Closing Date, the Directing
Holder is not a Conflicted Controlling Class Holder.

 

“Controlling
Class”: The most subordinate of the Class E or Class F Certificates so long as such Class has an outstanding Certificate
Balance (as reduced by any principal payments and Realized Losses and notionally reduced by any Appraisal Reduction Amounts and
Collateral Deficiency Amounts allocable to such Class) that is equal to or greater than 25% of the initial Certificate Balance
of such Class. If neither the Class E nor the Class F satisfy the preceding requirement, then there will be no Controlling Class.
No other Class of Certificates shall be eligible to act as the Controlling Class. No Holder of Certificates of the Controlling
Class that is a Borrower Related Party shall (i) be permitted to appoint the Directing Holder or (ii) be entitled to
exercise any consent, consultation or direction rights that may otherwise be exercised by a holder of Certificates of the Controlling
Class. The Controlling Class as of the Closing Date will be the Class F Certificates.

 

“Controlling
Class Certificateholder”: Each Holder (or Beneficial Owner, if applicable) of the Controlling Class of Certificates,
as determined by the Certificate Registrar from time to time in accordance with the terms of Section 6.07(a) of this
Agreement.

 

“Corporate
Trust Office”: (a) With respect to the Trustee, the corporate trust office of Wilmington Trust, National Association,
initially located at 1100 North Market Street, Wilmington, Delaware 19890, Attention: CMBS – CPTS 2019-CPT, or the principal
trust office

 

    -20-

     

    

 

 of any successor trustee qualified and appointed pursuant to this Agreement; and (b) With respect to the Certificate
Administrator, located at 9062 Old Annapolis Road, Columbia, Maryland 21045. Attention: Corporate Trust Services CPTS 2019-CPT,
or, in the case of any surrender, transfer or exchange, at Wells Fargo Bank, National Association, 600 South 4th Street,
7th Floor, MAC N9300-070, Minneapolis, Minnesota 55479, Attention: CTS - Certificate Transfer Services, CPTS 2019-CPT
Mortgage Trust, or the principal trust office of any successor certificate administrator qualified and appointed pursuant to this
Agreement.

 

“Corrected
Mortgage Loan”: As defined under the definition of Specially Serviced Loan.

 

“Corresponding
Certificates”: As defined in the Preliminary Statement with respect to any Corresponding Lower-Tier Regular Interest
or any Corresponding Component.

 

“Corresponding
Component”: As defined in the Preliminary Statement with respect to any Class of Corresponding Certificates or any Corresponding
Lower Tier Regular Interest.

 

“Corresponding
Lower-Tier Regular Interest”: As defined in the Preliminary Statement with respect to any Class of Corresponding Certificates
or any Corresponding Component.

 

“Credit
Risk Retention Rule”: The final rule that was promulgated to implement the credit risk retention requirements under
Section 15G of the Exchange Act, as added by Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection
Act (79 F.R. 77601; pages 77740-77766), as such rule may be amended from time to time, and subject to such clarification and interpretation
as have been provided by the Department of Treasury, the Federal Reserve System, the Federal Deposit Insurance Corporation, the
Federal Housing Finance Agency, the Commission and the Department of Housing and Urban Development in the adopting release (79
F.R. 77601 et seq.) or by the staff of any such agency, or as may be provided by any such agency or its staff from time to time,
in each case, as effective from time to time.

 

“CREFC®”:
CRE Finance Council, formerly known as Commercial Mortgage Securities Association, or any association or organization that is
a successor thereto. If neither such association nor any successor remains in existence, “CREFC®” shall
be deemed to refer to such other association or organization as may exist whose principal membership consists of servicers, trustees,
certificateholders, issuers, placement agents and underwriters generally involved in the commercial mortgage loan securitization
industry, which is the principal such association or organization in the commercial mortgage loan securitization industry and
whose principal purpose is the establishment of industry standards for reporting transaction-specific information relating to
commercial mortgage pass-through certificates and commercial mortgage-backed bonds and the commercial mortgage loans and foreclosed
properties underlying or backing them to investors holding or owning such certificates or bonds, and any successor to such other
association or organization. If an organization or association described in one of the preceding sentences of this definition
does not exist, “CREFC®” shall be deemed to refer to such other association or organization as shall
be selected by the Master Servicer and reasonably acceptable to the Certificate Administrator, the Trustee and the Special Servicer.

 

    -21-

     

    

 

“CREFC®
Appraisal Reduction Template”: A report substantially in the form of, and containing the information called for
in, the downloadable form of the “Appraisal Reduction Template” available and effective from time to time on the CREFC®
Website.

 

“CREFC®
Advance Recovery Report”: A monthly report substantially in the form of, and containing the information called
for in, the downloadable form of the “Advance Recovery Report” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Bond Level File”: The data file in the “CREFC® Bond Level File” format substantially
in the form of and containing the information called for therein, or such other form for the presentation of such information
as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Collateral Summary File”: The data file in the “CREFC® Collateral Summary File” format
substantially in the form of and containing the information called for therein, or such other form for the presentation of such
information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Comparative Financial Status Report”: The monthly report in “Comparative Financial Status Report”
format substantially in the form of and containing the information called for therein for the Whole Loan, or such other form for
the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage
securities transactions generally. In connection with preparing the CREFC® Comparative Financial Status Report,
the Master Servicer shall process (a) interim financial statements beginning with interim financial statements for the fiscal
quarter ending March 2020, and (b) annual financial statements beginning with annual financial statements for the 2020 fiscal
year.

 

“CREFC®
Delinquent Loan Status Report”: A report substantially in the form of, and containing the information called for
in, the downloadable form of the “Delinquent Loan Status Report” available as of the Closing Date on the CREFC®
Website, or no later than 90 days after its adoption, such other form for the presentation of such information and containing
such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities
transactions generally.

 

“CREFC®
Financial File”: The data file in the “CREFC® Financial File” format substantially
in the form of and containing the information called for therein for the Whole Loan, or such other form for the presentation of
such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions
generally. The initial data for this report shall be provided by the Trust Loan Sellers.

 

“CREFC®
Historical Bond/Collateral Realized Loss Reconciliation Template”: A report substantially in the form of, and
containing the information called for in, the downloadable form of the “Historical Bond/Collateral Realized Loss Reconciliation
Template” available and effective from time to time on the CREFC® Website.

 

    -22-

     

    

 

“CREFC®
Historical Liquidation Loss Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Historical Liquidation Loss Template” available and effective from time to time
on the CREFC® Website.

 

“CREFC®
Historical Loan Modification/Forbearance and Corrected Mortgage Loan Report”: The monthly report in the “Historical
Loan Modification and Corrected Mortgage Loan Report” format substantially in the form of and containing the information
called for therein for the Whole Loan, or such other form for the presentation of such information as may be approved from time
to time by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Interest Shortfall Reconciliation Template”: A report substantially in the form of, and containing the information
called for in, the downloadable form of the “Interest Shortfall Reconciliation Template” available and effective from
time to time on the CREFC® Website.

 

“CREFC®
Investor Reporting Package (CREFC® IRP)”:

 

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

 

(b)          The following eleven supplemental reports: (i) CREFC® Delinquent Loan Status Report, (ii) CREFC®
Historical Loan Modification and Corrected Mortgage Loan Report, (iii) CREFC® REO Status Report, (iv) CREFC®
Operating Statement Analysis Report, (v) CREFC® Comparative Financial Status Report, (vi) CREFC®
Servicer Watch List, (vii) CREFC® Loan Level Reserve/LOC Report, (viii) CREFC® NOI
Adjustment Worksheet, (ix) CREFC® Advance Recovery Report, (x) CREFC® Total Loan Report
and (xi) CREFC® Reconciliation of Funds Report;

 

(c)          
the following eight templates: (i) CREFC® Appraisal Reduction Template, (ii) CREFC® Servicer
Realized Loss Template, (iii) CREFC® Reconciliation of Funds Template, (iv) CREFC® Historical
Bond/Collateral Realized Loss Reconciliation Template, (v) CREFC® Historical Liquidation Loss Template, (vi) CREFC®
Interest Shortfall Reconciliation Template, (vii) CREFC® Servicer Remittance to Trustee Template and
(viii) CREFC® Significant Insurance Event Template; and

 

(d)          such other reports and data files as CREFC® may designate as part of the “CREFC® Investor
Reporting Package (CREFC® IRP)” from time to time generally.

 

“CREFC®
License Agreement”: The License Agreement, in the form set forth on the website of CREFC® on the
Closing Date, relating to the use of the CREFC® trademarks and trade names.

 

“CREFC®
License Fee”: With respect to the Trust Loan (including any REO Loan or the Trust Loan if it has been defeased)
for any related Certificate Interest Accrual Period, the amount of interest accrued during such related Certificate Interest Accrual
Period at the CREFC®

 

    -23-

     

    

 

 License Fee Rate on the same balance, in the same manner and for the same number of days as
interest at the applicable Trust Loan Rate accrued with respect to the Trust Loan during such related Certificate Interest Accrual
Period is computed. Any payments of the CREFC® License Fee shall be made to “CRE Finance Council” and
delivered by wire transfer pursuant to the following instructions (or such other instructions as may hereafter be furnished by
CREFC® to the Master Servicer in writing at least two Business Days prior to the Servicer Remittance Date):

 

Account
Name: Commercial Real Estate Finance Council (CREFC®)

Bank Name: JPMorgan Chase Bank, National Association

Bank Address: 80 Broadway, New York, NY 10005

Routing Number: 021000021

Account Number: 213597397

 

“CREFC®
License Fee Rate”: 0.00050% per annum.

 

“CREFC®
Loan Level Reserve/LOC Report”: A report substantially in the form of, and containing the information called for
in, the downloadable form of the “Loan Level Reserve/LOC Report” available and effective from time to time on the
CREFC® Website.

 

“CREFC®
Loan Periodic Update File”: The monthly data file substantially in the form of, and containing the information
called for in, the downloadable form of the “CREFC® Loan Periodic Update File” available and effective
from time to time on the CREFC® Website and; provided that each CREFC® Loan Periodic Update
File shall be accompanied by a CREFC® Advance Recovery Report, if such report is required for a particular month,
and all references herein to “CREFC® Loan Periodic Update File” shall be construed accordingly.

 

“CREFC®
Loan Setup File”: The data file substantially in the form of, and containing the information called for in, the
downloadable form of the “CREFC® Loan Setup File” available and effective from time to time on the
CREFC® Website.

 

“CREFC®
NOI Adjustment Worksheet”: A report substantially in the form of, and containing the information called for in,
the downloadable form of the “NOI Adjustment Worksheet” available and effective from time to time on the CREFC®
Website.

 

“CREFC®
Operating Statement Analysis Report”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Operating Statement Analysis Report” available and effective from time to time
on the CREFC® Website.

 

“CREFC®
Property File”: The monthly data file substantially in the form of, and containing the information called for,
in the downloadable form of the “CREFC® Property File” available and effective from time to time on
the CREFC® Website.

 

“CREFC®
Reconciliation of Funds Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Reconciliation of Funds Template” available and effective from time to time
on the CREFC® Website, or such other form for the presentation of such information and containing such additional
information as may from time to time be recommended by the CREFC® for commercial mortgage securities transactions
generally.

 

    -24-

     

    

 

“CREFC®
REO Status Report”: A monthly report substantially in the form of, and containing the information called for in,
the downloadable form of the “REO Status Report” available and effective from time to time on the CREFC®
Website.

 

“CREFC®
Servicer Realized Loss Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Servicer Realized Loss Template” available and effective from time to time on
the CREFC® Website.

 

“CREFC®
Servicer Watch List”: A report substantially in the form of, and containing the information called for in, the
downloadable form of the “Servicer Watch List” available and effective from time to time on the CREFC®
Website.

 

“CREFC®
Special Servicer Loan File”: The monthly data file substantially in the form of, and containing the information
called for in, the downloadable form of the “Special Servicer Loan File” available and effective from time to time
on the CREFC® Website.

 

“CREFC®
Supplemental Servicer Reports”: The CREFC® Delinquent Loan Status Report, the CREFC®
Historical Loan Modification and Corrected Mortgage Loan Report, the CREFC® REO Status Report, the CREFC®
Servicer Watch List, the CREFC® NOI Adjustment Worksheet, the CREFC® Comparative Financial
Status Report, the CREFC® Operating Statement Analysis Report, the CREFC® Loan Level Reserve/LOC
Report, the CREFC® Advance Recovery Report and the CREFC® Total Loan Report.

 

“CREFC®
Total Loan Report”: The monthly report substantially in the form of, and containing the information called for
in, the downloadable form of the “Total Loan Report” available and effective from time to time on the CREFC®
Website.

 

“CREFC®
Website”: The CREFC®’s Website located at “www.crefc.org” or such other primary
website as the CREFC® may establish for dissemination of its report forms.

 

“Current
Interest Distribution Amount”: With respect to any Distribution Date for any Class of Non-VRR Certificates is equal
to the related Regular Interest Distribution Amount.

 

“Custodial
Agreement”: The Custodial Agreement, if any, from time to time in effect between the Custodian named therein and the
Certificate Administrator, in the form agreed to by the Certificate Administrator and the Custodian, as the same may be amended
or modified from time to time in accordance with the terms thereof. No Custodial Agreement will be required if the Custodian is
the same party as the Certificate Administrator.

 

“Custodian”:
Any Custodian appointed pursuant to Section 3.19 of this Agreement. If a Custodian is not so appointed, then the Custodian
shall be the Certificate Administrator. The Custodian may (but need not) be the Certificate Administrator, the Trustee or the
Master Servicer or any Affiliate of the Certificate Administrator, the Trustee or the Master Servicer.

 

“Cut-off
Date”: November 9, 2019.

 

“DBNY”:
Deutsche Bank AG, New York Branch, and its successors in interest.

 

    -25-

     

    

 

“DBRS”:
DBRS, Inc., or any successor thereto. If neither DBRS nor any successor remains in existence, “DBRS” shall be deemed
to refer to such other nationally recognized statistical rating agency or other comparable Person designated by the Depositor,
notice of which designation shall be given to the other parties hereto and specific ratings of DBRS herein referenced shall be
deemed to refer to the equivalent ratings of the party so designated.

 

“Debt
Service Coverage Ratio”: As of any date of determination and for any period, the ratio calculated by dividing the net
operating income or net cash flow, as applicable, of the Mortgaged Property, for the most recently ended 12-month trailing or
one-year period for which data is available from the Borrower (or year-to-date until such time that data for the trailing 12-month
period is available), before payment of any scheduled payments of principal and interest on the Trust Loan or Whole Loan, as applicable,
but after funding of required reserves and “normalized” information from the CREFC® NOI Adjustment
Worksheet for the Mortgaged Property by the Master Servicer or Special Servicer, if applicable, pursuant to Section 3.13 of this Agreement, by the annual debt service required by the Trust Loan or Whole Loan, as applicable. Annual debt service
shall be calculated by multiplying the Monthly Payment in effect on such date of determination by 12 (or such fewer number of
months for which related information is available).

 

“Default”:
An event of default under the Loan Documents, or an event which, with the passage of time or the giving of notice, or both, would
constitute an event of default under the Loan Documents.

 

“Default
Interest”: Interest accrued on the Trust Loan or Whole Loan, as applicable, at the excess of (i) the Default Rate
over (ii) the Trust Loan Rate or the Whole Loan Rate, as applicable.

 

“Default
Rate”: The per annum rate at which interest accrues on the Trust Loan or Whole Loan, as applicable, following
any Default thereunder, including a default in the payment of a Monthly Payment or a Balloon Payment.

 

“Defaulted
Mortgage Loan”: The Whole Loan, if it is delinquent at least 60 days in respect of its Monthly Payments or more than
60 days delinquent in respect of its Balloon Payment, if any, in either case such Delinquency to be determined without giving
effect to any grace period permitted by the Loan Documents and without regard to any acceleration of payments under the Whole
Loan.

 

“Defect”:
As defined in Section 2.03(e) of this Agreement.

 

“Deficient
Exchange Act Deliverable”: With respect to the Master Servicer, the Special Servicer, the Custodian, the Certificate
Administrator, the Trustee and each Servicing Function Participant retained by it (other than a Sub-Servicer), any item (x) regarding
such party, (y) prepared by such party or any registered public accounting firm, attorney or other agent retained by such
party to prepare such item and (z) delivered by or on behalf of such party pursuant to the delivery requirements under Article
XI of this Agreement that does not conform to the applicable reporting requirements under the Securities Act, the Exchange
Act, the Sarbanes-Oxley Act and the rules and regulations promulgated thereunder.

 

    -26-

     

    

 

“Delinquency”:
Any failure of the Borrower to make a scheduled Monthly Payment or Balloon Payment on a Due Date.

 

“Denomination”:
As defined in Section 5.01(a) of this Agreement.

 

“Depositor”:
Deutsche Mortgage & Asset Receiving Corporation, a Delaware corporation, and its successors and assigns.

 

“Depository”:
The Depository Trust Company or a successor appointed by the Certificate Registrar (which appointment shall be at the direction
of the Depositor if the Depositor is legally able to do so).

 

“Depository
Participant”: A Person for whom, from time to time, the Depository effects book-entry transfers and pledges of securities
deposited with the Depository.

 

“Determination
Date”: With respect to each calendar month commencing in December 2019, the 9th day of such calendar month or, if such
9th day is not a Business Day, then the immediately preceding Business Day.

 

“Directing
Holder”: The representative selected or designated, as applicable, by the Certificateholders representing more than
50% of the Controlling Class (by Certificate Balance) in accordance with Section 6.07; provided that if no
Certificateholder holds Certificates representing more than 50% of the Controlling Class (by Certificate Balance), then the Directing
Holder shall be the representative appointed by the Controlling Class Certificateholder that owns, and is identified (with contact
information) to the Master Servicer, the Special Servicer, the Trustee and the Certificate Administrator as owning, the largest
aggregate Certificate Balance of Certificates of the Controlling Class.

 

“Directly
Operate”: If the Mortgaged Property becomes an REO Property, the furnishing or rendering of services to the tenants
thereof that are not customarily provided to tenants in connection with the rental of space for occupancy only within the meaning
of Treasury Regulations Section 1.512(b)-1(c)(5), the management or operation of the REO Property, the holding of the REO
Property primarily for sale to customers in the ordinary course of a trade or business, or any use of the REO Property in a trade
or business conducted by the Trust Fund, or the performance of any construction work on the REO Property other than through an
Independent Contractor; provided, however, that the Special Servicer, on behalf of the Trust Fund, shall not be
considered to Directly Operate the REO Property solely because the Special Servicer, on behalf of the Trust Fund, establishes
rental terms, chooses tenants, enters into or renews leases, deals with taxes and insurance, or makes decisions as to repairs
or capital expenditures with respect to the REO Property or takes other actions consistent with Treasury Regulations Section l.856-4(b)(5)(ii).

 

“Discount
Rate” As defined in the Loan Agreement.

 

“Disclosable
Special Servicer Fees”: With respect to the Whole Loan or any REO Property, any compensation and other remuneration
(including, without limitation, in the form of commissions, brokerage fees, rebates, and as a result of any other fee-sharing
arrangement) received or retained by the Special Servicer or any of its Affiliates that is paid by any Person

 

    -27-

     

    

 

 (including, without
limitation, the Trust, the Borrower, any Manager, any guarantor or indemnitor in respect of the Whole Loan and any purchaser of
the Whole Loan or the REO Property) in connection with the disposition, workout or foreclosure of the Whole Loan, the management
or disposition of the REO Property, and the performance by the Special Servicer or any such Affiliate of any other special servicing
duties under this Agreement; provided that any compensation and other remuneration that the Master Servicer or the Certificate
Administrator is permitted to receive or retain pursuant to the terms of this Agreement in connection with its respective duties
in such capacity as master servicer or certificate administrator under this Agreement shall not be Disclosable Special Servicer
Fees.

 

“Disclosure
Parties”: As defined in Section 3.14(e) of this Agreement.

 

“Disqualified
Non-U.S. Person”: With respect to a Class R or Class LR Certificate any Non-U.S. Person or agent thereof
other than (a) a Non-U.S. Person that holds the Class R or Class LR Certificate in connection with the conduct
of a trade or business within the United States and has furnished the transferor and the Certificate Registrar with an effective
IRS Form W-8ECI (or applicable successor Form promulgated by the IRS for the purpose of providing and certifying the information
provided on Form W-8ECI as of the Closing Date) or (b) a Non-U.S. Person that has delivered to both the transferor and
the Certificate Registrar an opinion of a nationally recognized tax counsel to the effect that the transfer of the Class R
or Class LR Certificate to it is in accordance with the requirements of the Code and the regulations promulgated thereunder
and that such transfer of the Class R or Class LR Certificate will not be disregarded for federal income tax purposes.

 

“Disqualified
Organization”: Any of (a) the United States, a State or any political subdivision thereof or any agency or instrumentality
of any of the foregoing (other than an instrumentality that is a corporation if all of its activities are subject to tax and,
except for FHLMC, a majority of its board of directors is not selected by any such governmental unit), (b) a foreign government,
International Organization (as defined below) or agency or instrumentality of either of the foregoing, (c) an organization
that is exempt from tax imposed by Code Chapter 1 (including the tax imposed by Section 511 of the Code on unrelated business
taxable income) on any excess inclusions (as defined in Section 860E(c)(1) of the Code) with respect to the Class R
or Class LR Certificates (except certain farmers’ cooperatives described in Section 521 of the Code), (d) rural
electric and telephone cooperatives described in Section 1381(a)(2)(C) of the Code, or (e) any other Person so designated
by the Certificate Registrar who is unable to provide an Opinion of Counsel to the Certificate Registrar to the effect that any
Transfer to such Person will not cause either Trust REMIC to be subject to tax or to fail to qualify as a REMIC at any time that
the Certificates are outstanding. For the purposes of this definition, the terms “United States”, “State”
and “International Organization” shall have the meanings set forth in Section 7701 of the Code or successor provisions.

 

“Distribution
Accounts”: Collectively, the Upper-Tier Distribution Account and the Lower-Tier Distribution Account, each of which
may be a sub-account of a single Eligible Account.

 

“Distribution
Date”: During each calendar month commencing in December 2019, the 4th Business Day following the Determination Date
in such calendar month.

 

    -28-

     

    

 

“Distribution
Date Statement”: As defined in Section 4.02(a) of this Agreement.

 

“Do
Not Hire List”: The list, as may be updated at any time, provided by the Depositor to the Master Servicer, Special Servicer,
the Certificate Administrator and Trustee, which lists certain parties identified by the Depositor as having failed to comply
(after any applicable cure period) with their respective obligations under Sections 3.27, 3.28 or 3.29 of
this Agreement or as having failed to comply (after any applicable cure period) with any similar Regulation AB reporting requirements
under any trust and servicing agreement relating to any other series of certificates offered by the Depositor.

 

“Due
Date”: With respect to (i) the Whole Loan on or prior to its Maturity Date, the day of the month set forth in the
Notes on which each Monthly Payment thereon is scheduled to be first due and (ii) the Whole Loan after the Maturity Date
therefore or any REO Loan, the day of the month set forth in the Notes on which each Monthly Payment on the Whole Loan had been
scheduled to be first due.

 

“Early
Termination Notice Date”: Any date as of which the Stated Principal Balance of the Trust Loan is less than 1.0% of the
Stated Principal Balance of the Trust Loan as of the Cut-off Date.

 

“Eligible
Account”: Any of:

 

(i)           
an account or accounts

 

(A)         maintained with a depository institution or trust company, (1) the short-term unsecured debt obligations or commercial paper
of which are rated at least “A-2” by S&P and “P-1” by Moody’s in the case of accounts in which
funds are held for 30 days or less and (2) the long-term unsecured debt obligations of which are rated at least “BBB”
by S&P and “A2” by Moody’s in the case of accounts in which funds are held for more than 30 days,

 

(B)          maintained with Wells Fargo Bank, National, a subsidiary of Wells Fargo & Co., so long as (1) its long-term unsecured
debt rating is at least “BBB” by S&P and “A2” by Moody’s (if the deposits are to be held in
the account for more than 30 days), or (2) its short-term deposit or short-term unsecured debt rating must be at least “A-2”
by S&P and “P-1” by Moody’s (if the deposits are to be held in the account for 30 days or less),

 

(C)          maintained with Wells Fargo Bank, National Association, a wholly owned subsidiary of Wells Fargo & Co., so long as it meets
the eligibility standards of the Certificate Administrator pursuant to Section 8.06, or

 

(ii)          
a segregated trust account or accounts maintained with the trust department of a federal or state chartered depository institution,
financial institution or trust company (which, subject to the remainder of this clause (ii), may include the Certificate
Administrator or the Trustee) acting in its fiduciary capacity which,

 

    -29-

     

    

 

 in either case, has a combined capital and surplus of at
least $50,000,000 and is subject to supervision or examination by federal or state authority and to regulations regarding fiduciary
funds on deposit substantially similar to Title 12 of the Code of Federal Regulations, Section 9.10(b),

 

(iii)         
such other account or accounts that, but for the failure to satisfy one or more of the minimum rating(s) set forth in the applicable
clause, would be listed in clauses (i)-(ii) above, with respect to which a No Downgrade Confirmation has been obtained from each
Rating Agency for which the minimum ratings set forth in the applicable clause is not satisfied with respect to such account,
or

 

(iv)        
any other account for which the Certificate Administrator, the Trustee, the Master Servicer or the Special Servicer, as applicable,
receives a No Downgrade Confirmation, which may be an account maintained by or with the Certificate Administrator, the Trustee,
the Master Servicer or the Special Servicer.

 

Eligible
Accounts may bear interest.

 

“Eligible
Investor”: Any of (i) a Qualified Institutional Buyer that is purchasing for its own account or for the account
of a Qualified Institutional Buyer to whom notice is given that the offer, sale or transfer is being made in reliance on Rule 144A
or (ii) (except with respect to the Class R and Class LR Certificates) an Institutional Accredited Investor that
is not a Qualified Institutional Buyer.

 

“Environmental
Insurance Policy”: With respect to the Mortgaged Property or REO Property, any insurance policy covering pollution conditions
and/or other environmental conditions that is maintained from time to time in respect of the Mortgaged Property or REO Property,
as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders and the Companion Loan Holders.

 

“Environmental
Report”: The environmental audit report or reports with respect to the Mortgaged Property delivered to the Trust Loan
Sellers.

 

“ERISA”:
The Employee Retirement Income Security Act of 1974, as it may be amended from time to time.

 

“ERISA
Plan”: As defined in Section 5.02(k) of this Agreement.

 

“Escrow
Account”: As defined in Section 3.04(b) of this Agreement. Any Escrow Account may be a sub-account of the
related Cash Collateral Account.

 

“Escrow
Payment”: Any payment made by the Borrower to the Master Servicer pursuant to the Mortgage, Cash Collateral Account
Agreement, Lock-Box Agreement, Loan Agreement or other Loan Document for the account of the Borrower for application toward the
payment of taxes, insurance premiums, assessments, environmental remediation and similar items in respect of the Mortgaged Property
or related to the satisfaction of closing conditions for the Whole Loan.

 

    -30-

     

    

 

“Euroclear”:
Euroclear Bank, as operator of the Euroclear System and its successors in interest.

 

“Excess
Prepayment Interest Shortfall”: With respect to any Distribution Date, any portion of the aggregate Prepayment Interest
Shortfalls for such Distribution Date in excess of the sum of (i) the Master Servicer Prepayment Interest Shortfall Amount
with respect to such Distribution Date and (ii) any Prepayment Interest Excess with respect to such Distribution Date.

 

“Excess
Servicing Fee Rate”: With respect to the Trust Loan and the Companion Loans (and the successor REO Loan, if applicable),
a rate per annum equal to 0%; provided that such rate shall be subject to reduction at any time following any resignation
of a Master Servicer pursuant to Section 6.04 of this Agreement (if no successor is appointed in accordance with Section 6.04 of this Agreement) or any termination of the Master Servicer pursuant to Section 7.01 of this Agreement, to the
extent reasonably necessary (in the sole discretion of the Trustee) for the Trustee to appoint a qualified successor Master Servicer
(which successor may include the Trustee) that meets the requirements of Section 7.02 of this Agreement.

 

“Excess
Servicing Fee Right”: With respect to the Trust Loan and the Companion Loans (and the successor REO Loan, if applicable),
the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right, the Master Servicer
shall be the owner of such Excess Servicing Fee Right. For the avoidance of doubt, there is no Excess Servicing Fee Right related
to the Trust.

 

“Excess
Servicing Fees”: With respect to the Trust Loan and the Companion Loans (and the successor REO Loan, if applicable),
that portion of the Servicing Fee that accrues at a per annum rate equal to the Excess Servicing Fee Rate.

 

“Exchange
Act”: The Securities Exchange Act of 1934, as amended and the rules and regulations thereunder.

 

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

 

“FHLMC”:
The Federal Home Loan Mortgage Corporation, or any successor thereto.

 

“Final
Asset Status Report”: An Asset Status Report that is labeled as being a “Final Asset Status Report”, together
with such other data or supporting information provided by the Special Servicer to the Directing Holder or any Risk Retention
Consultation Party, which does not include any communications (other than the related Asset Status Report) between the Special
Servicer and the Directing Holder or any Risk Retention Consultation Party, as applicable; provided that no Asset Status
Report shall be considered a Final Asset Status Report unless (i) the Directing Holder (during any Subordinate Control Period)
has either finally approved of and consented to the actions proposed to be taken in connection therewith, or has exhausted all
of its rights of approval or consent pursuant to this Agreement in respect of such action, or has been deemed to approve or consent
to such action or (ii) the Asset Status Report is otherwise implemented by the Special Servicer in accordance with the terms
of this Agreement.

 

    -31-

     

    

 

“Final
Recovery Determination”: With respect to the Whole Loan or REO Loan, including after it becomes subject to repurchase
by the Trust Loan Sellers pursuant to Section 2.03(e) of this Agreement or subject to purchase pursuant to any related
mezzanine intercreditor agreement, the recovery of all Insurance Proceeds, Liquidation Proceeds, the related Repurchase Price
and other payments or recoveries (including proceeds of the final sale of the REO Property) which the Master Servicer (or if the
Whole Loan becomes a Specially Serviced Loan or an REO Loan, the Special Servicer), in its reasonable judgment, as evidenced by
a certificate of a Servicing Officer delivered to the Trustee, the Certificate Administrator and the Custodian (and the Master
Servicer, if the certificate is from the Special Servicer), expects to be finally recoverable. The Master Servicer shall maintain
records, prepared by a Servicing Officer, of each Final Recovery Determination until the earlier of (i) its termination as
the Master Servicer hereunder and the transfer of such records to a successor servicer and (ii) five years following the
termination of the Trust Fund.

 

“Financial
Market Publisher”: BlackRock Financial Management, Bloomberg, L.P., Trepp, LLC, Intex Solutions, Inc., Moody’s
Analytics, Interactive Data Corporation, Markit LLC, Moody’s Analytics and Thomson Reuters Corporation, or any successor
entities thereof.

 

“Fitch”:
Fitch Ratings, Inc., or any of its successors in interest. If neither Fitch nor any successor remains in existence, “Fitch”
shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable Person designated by
the Depositor, notice of which designation shall be given to the other parties hereto and specific ratings of Fitch herein referenced
shall be deemed to refer to the equivalent ratings of the party so designated.

 

“Form
8-K Disclosure” The information described in the Form 8-K items set forth under the “Item on Form 8-K”
column on Exhibit V hereto.

 

“FNMA”:
The Federal National Mortgage Association or any successor thereto.

 

“GACC”:
German American Capital Corporation, a Maryland corporation.

 

“GACC
Indemnification Agreement”: The agreement dated as of the Pricing Date, among GACC, the Depositor and the Initial Purchasers.

 

“GACC
Trust Loan Purchase Agreement”: The Trust Loan Purchase Agreement dated and effective the Cut-off Date, between GACC
and the Depositor.

 

“Global
Certificates”: Each of the Regulation S Global Certificates or Rule 144A Global Certificates if and so long
as such class of Certificates is registered in the name of a nominee of the Depository.

 

“Hazardous
Materials”: Any dangerous, toxic or hazardous pollutants, chemicals, wastes, or substances, including, without limitation,
those so identified pursuant to the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. Section 9601
et seq., or any other environmental laws now existing, and specifically including, without limitation, asbestos and asbestos-containing
materials, polychlorinated biphenyls (“PCBs”), radon gas, petroleum and petroleum products, urea formaldehyde
and any substances

 

    -32-

     

    

 

 classified as being “in inventory,” “usable work in process” or similar classification
which would, if classified as unusable, be included in the foregoing definition.

 

“Holder”:
With respect to any Certificate, a Certificateholder; and with respect to any Lower-Tier Regular Interest, the Trustee.

 

“Indemnified
Party”: As defined in Section 8.05(d), Section 8.05(g) or Section 8.05(h), as applicable,
of this Agreement, as the context requires.

 

“Indemnifying
Party”: As defined in Section 8.05(d), Section 8.05(g) or Section 8.05(h), as applicable,
of this Agreement, as the context requires.

 

“Independent”:
When used with respect to any specified Person, any such Person who (i) does not have any direct financial interest, or any
material indirect financial interest, in any of the Depositor, the Trustee, the Certificate Administrator, the Master Servicer,
the Special Servicer, the Directing Holder, the Risk Retention Consultation Party, the Borrower or any Manager or any Affiliate
thereof, and (ii) is not connected with any such Person thereof as an officer, employee, promoter, underwriter, trustee,
partner, director or Person performing similar functions.

 

“Independent
Contractor”: Either (i) any Person that would be an “independent contractor” with respect to the applicable
Trust REMIC within the meaning of Section 856(d)(3) of the Code if such Trust REMIC were a real estate investment trust (except
that the ownership tests set forth in that section shall be considered to be met by any Person that owns, directly or indirectly,
35% or more of any Class or 35% or more of the aggregate value of all Classes of Certificates); provided that such Trust
REMIC does not receive or derive any income from such Person and the relationship between such Person and such Trust REMIC is
at arm’s length, all within the meaning of Treasury Regulations Section 1.856-4(b)(5) (except neither the Master Servicer
nor the Special Servicer shall be considered to be an Independent Contractor under the definition in this clause (i)
unless an Opinion of Counsel (at the expense of the party seeking to be deemed an Independent Contractor) addressed to the Master
Servicer or the Special Servicer, as applicable, the Certificate Administrator and the Trustee has been delivered to the Certificate
Administrator to that effect) or (ii) any other Person (including the Master Servicer and the Special Servicer) if the Master
Servicer or the Special Servicer, as applicable, on behalf of itself, the Certificate Administrator and the Trustee has received
an Opinion of Counsel (at the expense of the party seeking to be deemed an Independent Contractor) to the effect that the taking
of any action in respect of the REO Property by such Person, subject to any conditions therein specified, that is otherwise herein
contemplated to be taken by an Independent Contractor will not cause the REO Property to cease to qualify as “foreclosure
property” within the meaning of Section 860G(a)(8) of the Code (determined without regard to the exception applicable
for purposes of Section 860D(a) of the Code) or cause any income realized in respect of the REO Property to fail to qualify
as Rents from Real Property (provided that such income would otherwise so qualify).

 

“Individual
Certificate”: Any Certificate in definitive, fully registered physical form without interest coupons.

 

    -33-

     

    

 

“Initial
Purchasers”: Deutsche Bank Securities Inc., Wells Fargo Securities, LLC and Morgan Stanley & Co. LLC and their respective
successors in interest.

 

“Initial
Resolution Period”: As defined in Section 2.03(e) of this Agreement.

 

“Initial
VRR Interest Balance”: With respect to the VRR Interest, $41,250,000, which represents an amount equal to the VRR Percentage
of the Cut-off Date principal balance of the Trust Loan.

 

“Inquiries”:
As defined in Section 4.02(c) of this Agreement.

 

“Institutional
Accredited Investor”: An institution that is an “accredited investor” within the meaning of Rule 501(a)(l),
(2), (3) or (7) under the Act or any entity with respect to which the equity owners of which each qualify as an “accredited
investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Act.

 

“Insurance
Proceeds”: Proceeds of any fire and hazard insurance policy, title policy or other insurance policy relating to the
Whole Loan (including any amounts paid by the Master Servicer pursuant to Section 3.08 of this Agreement).

 

“Interest
Distribution Amount”: With respect to any Distribution Date and any Class of Non-VRR Certificates, an amount equal to
the Current Interest Distribution Amount for such Class and such Distribution Date, less any Excess Prepayment Interest Shortfall
allocable to such Class

 

“Interest
Reserve Account”: The segregated non-interest bearing trust account or sub-account created and maintained by the Certificate
Administrator pursuant to Section 3.05(e) of this Agreement; which shall be entitled “Wells Fargo Bank, National
Association, as Certificate Administrator, for the benefit of Wilmington Trust, National Association, as Trustee, in trust for
the benefit of the Holders of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates, Interest Reserve Account”
and which must be an Eligible Account or a sub-account of an Eligible Account. The Interest Reserve Account shall be an asset
of the Lower-Tier REMIC.

 

“Interested
Person”: As of any date of determination, the Depositor, the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Directing Holder, any Risk Retention Consultation Party, any Certificateholder, any Companion
Loan Holder, any Independent Contractor engaged by the Special Servicer pursuant to Section 3.15 of this Agreement,
or any Person known to a Responsible Officer of the Trustee or the Certificate Administrator, or to a Servicing Officer of the
Special Servicer, to be an Affiliate of any of them, or any Borrower Related Party.

 

“Investment
Account”: As defined in Section 3.07(a) of this Agreement.

 

“Investment
Representation Letter”: As defined in Section 5.02(c)(i)(A) of this Agreement.

 

    -34-

     

    

 

“Investor
Certification”: A certificate (which may be in electronic form or “click-through format”) representing that
such Person executing the certificate is a Certificateholder, a Directing Holder, a Risk Retention Consultation Party, a Beneficial
Owner or a prospective purchaser of a Certificate and that (i) for purposes of obtaining certain information and notices
(including access to information and notices on the Certificate Administrator’s Website) pursuant to this Agreement, such
Person (a) is a Risk Retention Consultation Party or is not a Borrower Related Party or (b) is a Borrower Related Party,
substantially in the form of Exhibit L-1-A (in the case of clause (a)) or Exhibit L-1-B (in the case of clause (b)) to this Agreement or in the form of an electronic certification contained on the Certificate
Administrator’s Website and/or (ii) for purposes of exercising Voting Rights, such Person is not the Depositor, the
Certificate Administrator, the Trustee or a Borrower Related Party, substantially in the form of Exhibit L-2 to
this Agreement or in the form of an electronic certification contained on the Certificate Administrator’s Website. The Certificate
Administrator may require that Investor Certifications are resubmitted from time to time in accordance with its policies and procedures.

 

“Investor
Q&A Forum”: As defined in Section 4.02(c) of this Agreement.

 

“Investor
Registry”: As defined in Section 4.02(d) of this Agreement.

 

“IO
Group PC Distribution Amount”: As defined in Section 4.01(d) of this Agreement.

 

“IRS”:
The Internal Revenue Service.

 

“Junior
Notes”: The Notes respectively bearing the designations Note B-1, Note B-2 and Note B-3 in the aggregate original principal
amount of $300,000,000.

 

“KBRA”:
Kroll Bond Rating Agency, Inc., or any of its successors in interest. If neither such rating agency nor any successor remains
in existence, “KBRA” shall be deemed to refer to such other nationally recognized statistical rating agency or other
comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the other parties hereto,
and specific ratings of KBRA herein referenced shall be deemed to refer to the equivalent ratings of the party so designated.

 

“Late
Collections”: With respect to the Whole Loan, all amounts received thereon during any Collection Period (or within the
related grace period), whether as payments, Insurance Proceeds, Condemnation Proceeds, Liquidation Proceeds or otherwise, which
represent late payments or collections of principal or interest due in respect of the Whole Loan (without regard to any acceleration
of amounts due thereunder by reason of default) on a Due Date in a previous Collection Period and not previously recovered. If
the Whole Loan becomes an REO Loan, all amounts received in connection with the REO Property during any Collection Period (including
any grace period applicable under the original Whole Loan), whether as Insurance Proceeds, Condemnation Proceeds, Liquidation
Proceeds, REO Proceeds or otherwise, which represent late collections of principal or interest due or deemed due in respect of
the REO Loan or the predecessor Whole Loan (without regard to any acceleration of amounts due under the predecessor Whole Loan
by reason of default) on a Due Date in a previous Collection Period and not previously recovered. The term “Late Collections”
shall specifically exclude Penalty Charges.

 

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“Liquidation
Expenses”: All customary, reasonable and necessary “out of pocket” costs and expenses incurred by the Master
Servicer, the Special Servicer, the Certificate Administrator and the Trustee in connection with the liquidation of the Whole
Loan or the liquidation of the REO Property or the sale of the Whole Loan pursuant to Section 3.16 or Section 9.01 of this Agreement (including, without limitation, legal fees and expenses, committee or referee fees, and, if applicable,
brokerage commissions, and conveyance taxes).

 

“Liquidation
Fee”: A fee payable to the Special Servicer pursuant to Section 3.12(c) of this Agreement with respect to
the Whole Loan (if repurchased in accordance with Section 2.03(e) of this Agreement), Specially Serviced Loan or REO
Loan (except as specified in the following paragraph), in each case as to which the Special Servicer obtains a full, partial or
discounted payoff from the Borrower, a loan purchaser or the Trust Loan Sellers, as applicable, or any Liquidation Proceeds with
respect thereto (in any case, other than amounts for which a Workout Fee has been paid, or will be payable), equal to the product
of 0.50% and the proceeds of such full, partial or discounted payoff or the Net Liquidation Proceeds related to such liquidated
or repurchased Whole Loan or Specially Serviced Loan, as the case may be, in each case exclusive of any portion of such full,
partial or discounted payoff or Net Liquidation Proceeds that represents Penalty Charges; provided that with respect to
any particular liquidation (or partial liquidation), as reduced by the amount of any and all related Offsetting Modification Fees
received by the Special Servicer as additional servicing compensation relating to the Specially Serviced Loan, REO Loan or Whole
Loan.

 

No
Liquidation Fee shall be payable (a) with respect to clause (v) of the definition of Liquidation Proceeds; (b) in
the case of clause (vi) of the definition of Liquidation Proceeds if exercised within 90 days after the first time that
such holder’s option to purchase the Whole Loan becomes exercisable, provided, however, that even if the purchase
occurs before such expiration the Liquidation Fee will be payable to the extent paid by, and collected from, the related borrower
or the mezzanine lender; (c) in the case of a final disposition consisting of the repurchase of the Trust Loan (or the REO
Loan, if applicable) by the Trust Loan Sellers pursuant to the Trust Loan Purchase Agreements, if the Trust Loan Sellers repurchase
the Trust Loan within the resolution time period set forth in Section 2.03(e) of this Agreement (and giving effect
to any applicable extension period beyond the end of the Initial Resolution Period set forth in Section 2.03(e) of
this Agreement); (d) in connection with the purchase of the Trust Loan if it has become a Defaulted Mortgage Loan by the
Special Servicer or any Affiliate thereof within 90 days after the transfer of the Defaulted Mortgage Loan to special servicing;
(e) in connection with any indemnification payment made by the Trust Loan Sellers as a result of a Material Breach or Material
Document Defect pursuant to Section 2.03(e), if the Trust Loan Sellers make such indemnification payment within the
resolution time period set forth in Section 2.03(e) of this Agreement (and giving effect to any applicable extension
period beyond the end of the Initial Resolution Period set forth in Section 2.03(e) of this Agreement); (f) if
the Whole Loan becomes a Specially Serviced Loan only because of an event described in clause (a) of the definition of
“Specially Serviced Loan” and the related Liquidation Proceeds are received within three months following the related
maturity date as a result of the related Whole Loan being refinanced or otherwise repaid in full (provided that the Special
Servicer may collect from the Borrower and retain (x) a liquidation fee, (y) such other fees as are provided for in
the Loan Documents, and (z) other appropriate fees in connection with such liquidation)s; and (g) with respect to an
Other Securitization Trust, in connection with (A) a repurchase or replacement of such Companion Loan by the applicable Trust
Loan Seller due to a

 

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 breach of a representation or warranty or a document defect under the related mortgage loan purchase agreement
related to the Other Pooling and Servicing Agreement prior to the expiration of the cure period (including any applicable extension
thereof) set forth therein or (B) a purchase of such Companion Loan pursuant to a clean-up call or similar liquidation under
the related Other Pooling and Servicing Agreement

 

“Liquidation
Proceeds”: Cash amounts (other than Insurance Proceeds and Condemnation Proceeds and REO Proceeds) received by or paid
to the Master Servicer or the Special Servicer in connection with: (i) the liquidation of the Mortgaged Property or other
collateral constituting security for the Defaulted Mortgage Loan, through trustee’s sale, foreclosure sale (including through
judicial foreclosure), disposition of REO Property or otherwise, exclusive of any portion thereof required to be released to the
Borrower in accordance with applicable law and the terms and conditions of the Notes and the Mortgage; (ii) the realization
upon any deficiency judgment obtained against the Borrower; (iii) the sale of the Defaulted Mortgage Loan; (iv) a repurchase
of the Trust Loan Seller Percentage Interest in the Trust Loan (or REO Loan) by the related Trust Loan Seller pursuant to the
related Trust Loan Purchase Agreement; (v) the purchase of the Trust Loan and all property acquired in respect of the Trust
Loan by the Sole Certificateholder, the Special Servicer or the Master Servicer pursuant to Section 9.01 of this Agreement;
(vi) if applicable, in connection with any existing mezzanine indebtedness or any mezzanine indebtedness that may exist on
a future date, the purchase of the Whole Loan by a mezzanine lender; or (vii) the purchase of the Trust Loan by any related
Companion Loan Holder(s).

 

“Loan
Agreement”: The Loan Agreement, dated as of October 21, 2019, by and between the Borrower, as borrower, and DBNY, WFB
and MSBNA, collectively, as lender.

 

“Loan
Documents”: The documents executed or delivered in connection with the origination or any subsequent modification of
the Whole Loan or subsequently added to the Mortgage File.

 

“Lock-Box
Account”: With respect to the Mortgaged Property, if applicable, any account created pursuant to the Loan Documents
to receive revenues therefrom. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person
who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the Whole Loan
and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon. The Master
Servicer shall be permitted to make withdrawals therefrom for deposit into the related Cash Collateral Accounts in accordance
with the terms of the Whole Loan.

 

“Lock-Box
Agreement”: The lock-box agreement, if any, between the Originators and the Borrower, pursuant to which the Lock-Box
Account, if any, may have been established.

 

“Lower-Tier
Distribution Account”: The segregated non-interest bearing trust account or sub-account created and maintained by the
Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which shall be entitled “Wells Fargo
Bank, National Association, as Certificate Administrator, for the benefit of Wilmington Trust, National Association, as Trustee,
in trust for the benefit of the Holders of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates, Lower-Tier
Distribution Account” and which

 

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 must be an Eligible Account or a sub-account of an Eligible Account. The Lower-Tier Distribution
Account shall be an asset of the Lower-Tier REMIC.

 

“Lower-Tier
Distribution Amount”: As defined in Section 4.01 of this Agreement.

 

“Lower-Tier
Principal Balance”: With respect to any Class of Lower-Tier Regular Interest, initially will equal the original principal
balance set forth in the Preliminary Statement herein, and from time to time will equal such amount reduced by the amount of distributions
of the Lower-Tier Distribution Amount allocable to principal and Realized Losses or VRR Realized Losses allocable thereto in all
prior periods as described in Section 4.01 of this Agreement, such that at all times the Lower-Tier Principal Balance
of a Lower-Tier Regular Interest shall equal the Certificate Balance of its Corresponding Certificates.

 

“Lower-Tier
Regular Interests”: The Class LA Interest, the Class LB Interest, the Class LC Interest, the Class LD Interest, the
Class LE Interest and the Class LVRR Interest issued by the Lower-Tier REMIC and held by the Trustee as assets of the Upper-Tier
REMIC. Each Lower-Tier Regular Interest (i) is designated as a “regular interest” in the Lower-Tier REMIC (ii) relates
to its Corresponding Class of Certificates, as applicable, (iii) is uncertificated, (iv) has an initial “Lower-Tier
Principal Balance equal to the original Lower-Tier Principal Balance set forth in the Preliminary Statement herein, (v) has
a Pass-Through Rate equal to the Net Mortgage Rate, (vi) has a “latest possible maturity date”, within the meaning
of Treasury Regulations Section 1.860G-1(a), that is the Rated Final Distribution Date and (vii) is entitled to the
distributions in the amounts and at the times specified in Section 4.01(a) of this Agreement.

 

“Lower-Tier
REMIC”: A segregated asset pool within the Trust Fund consisting of the Trust Loan, collections thereon, the Trust’s
interest in any REO Property acquired in respect thereof, amounts related thereto held from time to time in the Collection Account
and the Lower-Tier Distribution Account, any REO Account, related amounts in the Interest Reserve Account and all other property
included in the Trust Fund that is not in the Upper-Tier REMIC.

 

“MAI”:
Member of the Appraisal Institute.

 

“Major
Decision”: Any of the following:

 

(a)         
any substitution or release of real property collateral for the Whole Loan (other than substitutions or releases of immaterial
and non-income producing real property collateral) except as expressly permitted by the Loan Documents;

 

(b)          any waiver of or determination not to enforce a “due-on-sale” or “due-on-encumbrance” clause (unless such
clause is not exercisable under applicable law or such exercise is reasonably likely to result in successful legal action by the
Borrower);

 

(c)         
any transfer of the Mortgaged Property or any portion of the Mortgaged Property, or any transfer of any direct or indirect ownership
interest in the Borrower to the extent lender consent under the Loan Documents is required, except in each case as expressly permitted
by the Loan Documents, or in connection with a pending or threatened condemnation;

 

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(d)          any consent to the incurrence of additional debt by the Borrower or mezzanine debt by a direct or indirect parent of the Borrower,
including modification of the terms of any document evidencing or securing any such additional debt and of any intercreditor or
subordination agreement executed in connection therewith and any waiver of or amendment or modification to the terms of any such
document or agreement, in each case to the extent lender approval is required by the Loan Documents, other than in connection
with the permitted Mezzanine Loan;

 

(e)         
any proposed or actual foreclosure upon or comparable conversion (which may include acquisitions of REO Properties) of the ownership
of the Mortgaged Property;

 

(f)          
any modification, consent to a modification or waiver of any monetary term (other than late fees and Default Interest but including,
without limitation, the timing of payments and the acceptance of discounted payoffs) or material non-monetary term of the Whole
Loan or any extension of the maturity date of the Whole Loan to the extent lender approval is required by the Loan Documents;

 

(g)          following a Default, any material exercise of remedies, including the acceleration of the Whole Loan or initiation of judicial,
bankruptcy or similar proceedings under the Loan Documents or with respect to the Borrower or the Mortgaged Property;

 

(h)          any sale or other disposition of the Whole Loan or the Mortgaged Property (including any REO Property) for less than the Repurchase
Price;

 

(i)          
any determination to bring the Mortgaged Property or an REO Property into compliance with applicable environmental laws or to
otherwise address Hazardous Materials located at the Mortgaged Property or an REO Property;

 

(j)          
any modification, waiver or amendment of an intercreditor agreement, co-lender agreement, participation agreement or similar
agreement with any mezzanine lender, Companion Loan Holder or subordinate debt holder related to the Whole Loan, or an action
to enforce rights with respect thereto, in each case in a manner that materially and adversely affects the Controlling Class (to
the extent that neither the Directing Holder, the majority holder of the Controlling Class, nor any affiliate or agent thereof
is a holder of the applicable mezzanine loan or any beneficial interest in such mezzanine loan);

 

(k)          any Manager changes with respect to the Whole Loan, to the extent lender approval is required by the Loan Documents;

 

(l)           
releases of any escrow accounts, reserve accounts or letters of credit held as performance escrows or reserves, other than those
required pursuant to the specific terms of the Whole Loan and for which there is no material lender discretion;

 

(m)         any acceptance of an assumption agreement releasing the Borrower or other obligor from liability under the Whole Loan or the Loan
Documents other than as permitted pursuant to the specific terms of such Loan Documents and for which there is no lender discretion;

 

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(n)          any determination of an Acceptable Insurance Default under the Loan Documents;

 

(o)          the execution, termination or renewal of any lease, to the extent lender approval is required under the Loan Documents and to
the extent such lease constitutes a “Major Lease” as defined in the Loan Documents, including entering into any subordination,
non-disturbance and attornment agreement;

 

(p)          any adoption or implementation of the Annual Budget for which lender consent is required under the Loan Documents; and

 

(q)          the voting on any plan of reorganization, restructuring or similar plan in the bankruptcy of the Borrower.

 

“Majority
Controlling Class Certificateholders”: The Holder(s) of Certificates representing more than 50% of the aggregate Certificate
Balance of the Controlling Class.

 

“Majority-Owned
Affiliate”: As defined in the Credit Risk Retention Rule.

 

“Management
Agreement”: With respect to the Mortgaged Property, the property management agreement, if any, by and between a Manager
and the Borrower, or any successor property management agreement between such parties.

 

“Manager”:
With respect to the Mortgaged Property, any property manager for the Mortgaged Property.

 

“Master
Servicer”: Wells Fargo Bank, National Association, a national banking association, its successor in interest (in such
capacity), or if any successor Master Servicer is appointed as herein provided, such successor Master Servicer or any successor
master servicer appointed as herein provided.

 

“Master
Servicer Prepayment Interest Shortfall Amount”: As defined in Section 3.17(c) of this Agreement.

 

“Master
Servicer Termination Event”: As defined in Section 7.01(a) of this Agreement.

 

“Master
Servicer’s Website”: Shall mean the internet website maintained by the Master Servicer; initially located at “www.wellsfargo.com/com/comintro”.

 

“Material
Breach”: As defined in Section 2.03(e) of this Agreement.

 

“Material
Document Defect”: As defined in Section 2.03(e) of this Agreement.

 

“Maturity
Date”: The scheduled maturity date on November 2029.

 

“Mezzanine
Loan”: Any mezzanine indebtedness related to the Whole Loan.

 

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“Modification
Fees”: With respect to the Whole Loan, any and all fees with respect to a modification, restructure, extension, waiver
or amendment that modifies, restructures, extends, amends or waives any term of the Loan Documents (as evidenced by a signed writing)
agreed to by the Master Servicer or the Special Servicer (other than all defeasance fees, Assumption Fees, consent fees, assumption
application fees, and fees similar to the foregoing). For the avoidance of doubt, Special Servicing Fees, Workout Fees and Liquidation
Fees due to the Special Servicer in connection with a modification, restructure, extension, waiver or amendment shall not be considered
Modification Fees. For each modification, restructure, extension, waiver or amendment in connection with working out the Whole
Loan after it has become a Specially Serviced Loan, the Modification Fees collected from the Borrower shall be subject to a cap
of 1.0% of the outstanding principal balance of the Whole Loan on the closing date of the related modification, restructure, extension,
waiver or amendment (prior to giving effect to such modification, restructure, extension, waiver or amendment); provided
that no aggregate cap exists in connection with the amount of Modification Fees which may be collected from the Borrower with
respect to a Specially Serviced Loan or REO Loan.

 

“Modified
Mortgage Loan”: A Specially Serviced Loan which has been modified by the Special Servicer pursuant to Section 3.26 of this Agreement in a manner that:

 

(a)         
reduces or delays the amount or timing of any payment of principal or interest due thereon (other than, or in addition to, bringing
current Monthly Payments with respect to the Trust Loan or Companion Loans), including any reduction in the Monthly Payment;

 

(a)         
except as expressly contemplated by the Loan Documents, results in a release of the lien of the Mortgage on any material portion
of the Mortgaged Property without a corresponding Principal Prepayment in an amount not less than the fair market value (as is),
as determined by an Appraisal delivered to the Special Servicer (at the expense of the Borrower and upon which the Special Servicer
may conclusively rely), of the property to be released; or

 

(b)          in the reasonable good faith judgment of the Special Servicer, otherwise materially impairs the value of the security for the
Whole Loan or reduces the likelihood of timely payment of amounts due thereon.

 

“Monthly
Payment”: With respect to the Trust Loan or Whole Loan (in each case, other than an REO Loan) and any Due Date, the
scheduled monthly payment of principal (to the extent due, but excluding any Balloon Payment) and interest at the Trust Loan Rate
or Whole Loan Rate, as applicable, due on such Due Date (but not excluding any constant Monthly Payment due on the Trust Loan).
The Monthly Payment with respect to an REO Loan is the monthly payment that would otherwise have been payable on the Due Date
had the Trust Loan not been discharged, determined as set forth in the preceding sentence and on the assumption that all other
amounts, if any, due thereunder are paid when due.

 

“Moody’s”:
Moody’s Investors Service, Inc., or any of its successors in interest.

 

“Morningstar”:
Morningstar Credit Ratings, LLC, or any of its successors in interest. If neither Morningstar nor any successor remains in existence,
“Morningstar” shall be

 

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 deemed to refer to such other nationally recognized statistical rating agency or other comparable
Person designated by the Depositor, notice of which designation shall be given to the other parties hereto and specific ratings
of Morningstar herein referenced shall be deemed to refer to the equivalent ratings of the party so designated.

 

“Mortgage”:
The mortgage, deed of trust or other instrument creating a first lien on or first priority ownership interest in the Mortgaged
Property securing the Notes.

 

“Mortgage
File”: Collectively, the mortgage documents listed in Section 2.01(a)(i) through Section 2.01(a)(xxi) of this Agreement pertaining to the Whole Loan and any additional documents required to be added to the Mortgage File pursuant
to the express provisions of this Agreement; provided that whenever the term “Mortgage File” is used to refer
to documents actually received by the Depositor or the Custodian, such term shall not be deemed to include such documents and
instruments required to be included therein unless they are actually so received.

 

“Mortgage
Loan Schedule”: The schedule attached as Exhibit B to this Agreement, which schedule shall set forth the
following information:

 

(a)         
the Trust Loan name;

 

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

 

(c)         
the Trust Loan Rate and Whole Loan Rate in effect as of the Cut-off Date;

 

(d)          the original principal balance of the Whole Loan and the Trust Loan;

 

(e)         
the Stated Principal Balance as of the Cut-off Date;

 

(f)          
the Maturity Date for the Whole Loan;

 

(g)          the Due Date;

 

(h)          the amount of the Monthly Payment due on the first Due Date following the Cut-off Date;

 

(i)           
the Servicing Fee Rate, the master servicing fee rate, the primary servicing fee rate, the Trustee/Certificate Administrator Fee
Rate, CREFC® License Fee Rate and the Administrative Fee Rate; and

 

(j)           
whether any letter of credit is held by the lender as a beneficiary or is assigned as security for the Whole Loan.

 

“Mortgaged
Property”: As “Property” is defined in the Loan Agreement.

 

“MSBNA”:
Morgan Stanley Bank, N.A., and its successors in interest.

 

“MSMCH”:
Morgan Stanley Mortgage Capital Holdings LLC, and its successors in interest.

 

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“MSMCH
Indemnification Agreement”: The agreement dated as of the Pricing Date, among MSMCH, the Depositor and the Initial Purchasers.

 

“MSMCH
Trust Loan Purchase Agreement”: The Trust Loan Purchase Agreement dated and effective the Cut-off Date, between MSMCH
and the Depositor.

 

“Net
Condemnation Proceeds”: Condemnation Proceeds, to the extent such proceeds are not to be applied to the restoration,
preservation or repair of the related Mortgaged Property or released to the Borrower in accordance with the express requirements
of the Loan Documents or other documents included in the Mortgage File or in accordance with the Servicing Standard.

 

“Net
Default Interest”: With respect to any Distribution Date, an amount equal to the sum of (i) the amount of Default
Interest received during the preceding Collection Period, minus (ii) any portions thereof withdrawn from the applicable Collection
Account pursuant to Section 3.06(a)(vi) of this Agreement for Advance Interest Amounts and unreimbursed Additional
Trust Fund Expenses (including Special Servicing Fees, Liquidation Fees and Workout Fees) incurred on the Trust Loan or Whole
Loan, as applicable, during or prior to such Collection Period.

 

“Net
Insurance Proceeds”: Insurance Proceeds, to the extent such proceeds are not to be applied to the restoration of the
Mortgaged Property or released to the Borrower in accordance with the express requirements of the Loan Documents or other documents
included in the Mortgage File or in accordance with prudent and customary servicing practices.

 

“Net
Liquidation Proceeds”: The Liquidation Proceeds received with respect to the Trust Loan net of the amount of (i) Liquidation
Expenses incurred with respect thereto and (ii) with respect to proceeds received in connection with the taking of the Mortgaged
Property (or portion thereof) by the power of eminent domain in condemnation, amounts required to be applied to the restoration
or repair of the Mortgaged Property.

 

“Net
Mortgage Rate”: With respect to any Distribution Date, the rate at which interest accrues on the Trust Loan (net of
the Administrative Fee Rate and excluding Default Interest) during the related Whole Loan Interest Accrual Period. Notwithstanding
the foregoing, the Net Mortgage Rate (which accrues interest on an Actual/360 Basis) for any Whole Loan Interest Accrual Period
will be the annualized rate at which interest would have to accrue in respect of the Trust Loan on a 30/360 Basis in order to
produce the aggregate amount of interest actually accrued in respect of the Trust Loan at the related Net Mortgage Rate during
such Whole Loan Interest Accrual Period; provided that the Net Mortgage Rate for the one-month period (i) preceding
the Distribution Dates in (a) January and February in each year that is not a leap year or (b) February only in each
year that is a leap year (in either case, unless the related Distribution Date is the final Distribution Date) (commencing in
2020), shall be determined net of any Withheld Amounts from that month and (ii) preceding the Due Date in March (or February
if the related Distribution Date is the final Distribution Date), shall be determined inclusive of the Withheld Amounts, if applicable,
from the immediately preceding February, and, if applicable, January; provided, further, that for purposes of calculating
Pass-Through Rates, the Net Mortgage Rate shall be determined without regard to any modification, waiver or amendment of the terms
of the Trust Loan, whether agreed to by the Master Servicer or the Special Servicer or resulting from a bankruptcy, insolvency
or similar proceeding involving the Borrower or otherwise.

 

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“Net
REO Proceeds”: With respect to any REO Property, REO Proceeds net of any insurance premiums, taxes, assessments and
other costs and expenses permitted to be paid therefrom pursuant to Section 3.15(b) of this Agreement.

 

“New
Lease”: Any lease of an REO Property entered into on behalf of the Lower-Tier REMIC, if such Trust REMIC has the right
to renegotiate the terms of such lease, including any lease renewed or extended on behalf of such Trust REMIC.

 

“No
Downgrade Confirmation” shall mean, with respect to any matter, confirmation in writing (which may be in electronic
form and may be in the form of a press release) by each applicable Rating Agency that a proposed action, failure to act or other
event so specified will not, in and of itself, result in the downgrade, withdrawal or qualification of the then-current rating
assigned to any Class of Certificates if then rated by the Rating Agency (with respect to the Certificates) and the credit rating
of any certificates, notes or other securities in connection with any single asset securitization or pooled asset securitization
of a Companion Loan (or any portion thereof or interest therein) (in the case of a rating agency with respect to such certificates,
notes or other securities); provided that a written waiver or other acknowledgment from any Rating Agency indicating its
decision not to review the matter for which the No Downgrade Confirmation is sought shall be deemed to satisfy the requirement
for the No Downgrade Confirmation from such Rating Agency with respect to such matter and the Master Servicer, the Special Servicer,
the Certificate Administrator or the Trustee, as applicable, may proceed with the contemplated action(s) as if such party had
received the No Downgrade Confirmation. At any time during which no Certificates are rated by a Rating Agency, no No Downgrade
Confirmation shall be required from that Rating Agency.

 

“Non-Directing
Holder”: With respect to any Companion Loan, the “Non-Controlling Holder” or any analogous concept under
the Co-Lender Agreement.

 

“Non-Reduced
Certificates”: As of any date of determination, any Class of Principal Balance Certificates then outstanding for which
(a)(1) the initial Certificate Balances of such Class of Principal Balance Certificates minus (2) the sum (without duplication)
of, as such date of determination (x) the aggregate payments of principal (whether as principal prepayments or otherwise)
previously distributed to the Holders of such Class of Principal Balance Certificates, as of such date of determination, (y) any
Appraisal Reduction Amounts and Collateral Deficiency Amounts then allocable to such Class of Principal Balance Certificates,
as of such date of determination and (z) any Realized Losses or VRR Realized Losses, as applicable, previously allocated
to such Class of Principal Balance Certificates as of such date of determination, is equal to or greater than (b) 25% of
the remainder of (i) the initial Certificate Balance of such Class of Principal Balance Certificates, less (ii) any
payments of principal (whether as principal prepayments or otherwise) previously distributed to the Holders of that Class of Principal
Balance Certificates as of such date of determination.

 

“Non-U.S.
Person”: A person that is not a U.S. Person.

 

“Nonrecoverable
Administrative Advance”: Any Administrative Advance previously made or proposed to be made in respect of the Trust Loan
or REO Loan which, in the reasonable judgment of the Master Servicer, the Special Servicer, in each case in accordance with the
Servicing Standard and Section 4.07(d), or the Trustee in its reasonable judgment, as

 

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 applicable, would not be ultimately
recoverable, together with any accrued and unpaid interest thereon, from late payments, Condemnation Proceeds, Insurance Proceeds,
Liquidation Proceeds and other collections on or in respect of the Trust Loan or REO Loan, which shall be evidenced by an Officer’s
Certificate as provided by Section 4.07(d) of this Agreement.

 

“Nonrecoverable
Advance”: Any Nonrecoverable P&I Advance, Nonrecoverable Property Advance or Nonrecoverable Administrative Advance.

 

“Nonrecoverable
P&I Advance”: Any P&I Advance previously made or proposed to be made in respect of the Trust Loan or REO Loan
which, in the reasonable judgment of the Master Servicer, the Special Servicer, in each case in accordance with the Servicing
Standard and Section 4.07(d) and Section 4.07(e), or the Trustee in its reasonable judgment, as applicable,
would not be ultimately recoverable, together with any accrued and unpaid interest thereon, from late payments, Condemnation Proceeds,
Insurance Proceeds, Liquidation Proceeds and other collections on or in respect of the Trust Loan or REO Loan, which shall be
evidenced by an Officer’s Certificate as provided by Section 4.07(d) of this Agreement.

 

“Nonrecoverable
Property Advance”: Any Property Advance previously made or proposed to be made in respect of the Whole Loan or REO Loan
that, as determined by the Master Servicer, the Special Servicer, in each case in accordance with the Servicing Standard and Section 3.21(d),
or the Trustee in its reasonable judgment, as applicable, would not be ultimately recoverable, together with any accrued and unpaid
interest thereon, from late payments, Condemnation Proceeds, Insurance Proceeds, Liquidation Proceeds and other collections on
or in respect of the Whole Loan or REO Loan, which shall be evidenced by an officer certificate as provided by Section 3.21(d) of this Agreement.

 

“Non-VRR
Available Funds”: With respect to any Distribution Date, an amount equal to the Non-VRR Percentage of Aggregate Available
Funds for such Distribution Date.

 

“Non-VRR
Certificates”: All of the Certificates other than the VRR Interest.

 

“Non-VRR
Percentage”: An amount, equal to 100% minus the VRR Percentage.

 

“Non-VRR
Principal Distribution Amount”: With respect to any Distribution Date and the Offered Principal Balance Certificates,
an amount equal to the Non-VRR Percentage of the Aggregate Principal Distribution Amount for such Distribution Date.

 

“Non-VRR
Realized Loss”: The amount of Realized Losses allocated to the Non-VRR Certificates on each Distribution Date, equal
to the Non-VRR Percentage of the Realized Losses with respect to such Distribution Date.

 

“Notes”:
Collectively, as of any date of determination, the notes or other evidence of indebtedness and/or agreements evidencing the indebtedness
of the Borrower under the Whole Loan including any amendments or modifications, or any renewal or substitution note, as of such
date.

 

“Notice
of Termination”: Any of the notices given to the Trustee, the Certificate Administrator, the Special Servicer and the
Master Servicer by the Special Servicer, the Master

 

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 Servicer or the Certificateholder owning a majority of the Percentage Interest
in the Class R and Class LR Certificates, as applicable, pursuant to Section 9.01(c) of this Agreement.

 

“Notional
Amount”: As of any date of determination, with respect to the Class X Certificates as a Class, the Class X Notional
Amount and, with respect to any of the Class X Certificates, the product of the Percentage Interest evidenced by such Certificate
and the Class X Notional Amount.

 

“NRSRO”:
Any nationally recognized statistical ratings organization within the meaning of Section 3(a)(62) of the Exchange Act.

 

“NRSRO
Certification”: A certification (a) executed by a NRSRO in favor of the 17g-5 Information Provider substantially
in the form attached hereto as Exhibit O or (b) provided electronically and executed by an NRSRO by means of
a “click-through” confirmation on the 17g-5 Information Provider’s Website.

 

“Offered
Principal Balance Certificates”: Each of the Class A, Class B, Class C, Class D, Class E and Class F Certificates.

 

“Offering
Circular”: That certain Offering Circular, dated November 1, 2019, relating to the offering of the Certificates.

 

“Officer’s
Certificate”: A certificate signed by the Chairman of the Board, the Vice Chairman of the Board, the President or a
Vice President (however denominated) and by the Treasurer, the Secretary, one of the Assistant Treasurers or Assistant Secretaries,
any Trust Officer or other officer of the Master Servicer or the Special Servicer customarily performing functions similar to
those performed by any of the above designated officers, any Servicing Officer and also with respect to a particular matter, any
other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular
subject, or an authorized officer of the Depositor, and delivered to the Depositor, the Trustee, the Certificate Administrator,
the Special Servicer or the Master Servicer, as the case may be.

 

“Offsetting
Modification Fees”: With respect to the Whole Loan or REO Loan and with respect to the Workout Fee or Liquidation Fee
payable by the Trust, any and all Modification Fees collected by the Special Servicer as additional servicing compensation, but
only to the extent that (1) such Modification Fees were earned and collected by the Special Servicer (A) in connection
with the workout or liquidation (including partial liquidation) of a Specially Serviced Loan or REO Loan as to which the subject
Workout Fee or Liquidation Fee became payable or (B) in connection with any workout of a Specially Serviced Loan that closed
within the prior 18 months (determined as of the closing day of the workout or liquidation as to which the subject Workout Fee
or Liquidation Fee became payable) and (2) such Modification Fees were earned in connection with a modification, restructure,
extension, waiver or amendment of the Whole Loan or REO Loan at a time when the Whole Loan or REO Loan was a Specially Serviced
Loan.

 

“Opinion
of Counsel”: A written opinion of counsel, who may, without limitation, be counsel for the Depositor, the Special Servicer
or the Master Servicer, as the case may be, acceptable to the Certificate Administrator and the Trustee, except that any opinion
of counsel relating to (a) qualification of either Trust REMIC as a REMIC or the imposition of tax under the

 

    -46-

     

    

 

 REMIC Provisions
on any income or property of either Trust REMIC, (b) compliance with the REMIC Provisions (including application of the definition
of “Independent Contractor”), or (c) a resignation of the Master Servicer or the Special Servicer pursuant to
Section 6.04(b) of this Agreement, must be an opinion of counsel who is Independent of the Depositor, the Master Servicer
and the Special Servicer.

 

“Originators”:
Each of DBNY, WFB and MSBNA, in its capacity as Co-originator of the Mortgage Loan under the Loan Agreement.

 

“Other
Asset Representations Reviewer”: The applicable other “asset representations reviewer” under an Other Pooling
and Servicing Agreement relating to a Companion Loan.

 

“Other
Depositor”: With respect to any Other Securitization Trust, the related “depositor” (within the meaning
of Item 1101(e) of Regulation AB).

 

“Other
Exchange Act Reporting Party”: With respect to any Other Securitization Trust that is subject to the reporting requirements
of the Exchange Act, the trustee, certificate administrator, master servicer, special servicer or depositor under the related
Other Pooling and Servicing Agreement that is responsible for the preparation and/or filing of Form 8-K, Form 10-D and
Form 10-K with respect to such Other Securitization Trust, as identified in writing to the parties to this Agreement; and,
with respect to any Other Securitization Trust that is not subject to the reporting requirements of the Exchange Act and for the
purposes of Sections 11.07, 11.08, 11.09 and 11.16 only, the trustee, certificate administrator, master
servicer, special servicer or depositor under the related Other Pooling and Servicing Agreement that is responsible for the preparation
and/or dissemination of periodic distribution date statements or similar reports, as identified in writing to the parties to this
Agreement.

 

“Other
Pooling and Servicing Agreement”: The pooling and servicing agreement or other comparable agreement governing the creation
of any Other Securitization Trust and the issuance of securities backed by the assets of such Other Securitization Trust.

 

“Other
Securitization Trust”: Any “issuing entity” (within the meaning of Item 1101(f) of Regulation AB) that
holds a Companion Loan (or any portion thereof or interest therein), as identified in writing to the parties to this Agreement.

 

“Other
Servicer”: The applicable other “master servicer” under an Other Pooling and Servicing Agreement relating
to a Companion Loan.

 

“Other
Special Servicer”: The applicable other “special servicer” under an Other Pooling and Servicing Agreement
relating to a Companion Loan.

 

“Other
Trustee”: The applicable other “trustee” under an Other Pooling and Servicing Agreement relating to a Companion
Loan.

 

“Ownership
Interest”: Any record or beneficial interest in a Class R or Class LR Certificate.

 

    -47-

     

    

 

“PACE
Loan”: Any (x) “Property-Assessed Clean Energy loan” or (y) other indebtedness, without regard
to the name given to such indebtedness, which is (i) incurred for improvements to the Mortgaged Property for the purpose
of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing,
and (ii) repaid through multi-year assessments against the Mortgaged Property.

 

“P&I
Advance”: Any advance made by the Master Servicer or the Trustee pursuant to Section 4.07 of this Agreement.
Each reference to the payment or reimbursement of a P&I Advance shall be deemed to include, whether or not specifically referred
to and without duplication, payment or reimbursement of interest thereon at the Advance Rate. Neither the Master Servicer nor
the Trustee will be required to make P&I Advances with respect to any delinquent payment amounts due on the Companion Loans.

 

“P&I
Advance Determination Date”: With respect to the Distribution Date, the second Business Day prior to such Distribution
Date.

 

“Pass-Through
Rate”: With respect to each Class of Non-VRR Certificates, the rate for such Class as set forth below.

 

	Class

	Pass-Through
                                         Rate

	Class A	Class A
    Pass-Through Rate
	Class X	Class X
    Pass-Through Rate
	Class B	Class B
    Pass-Through Rate
	Class C	Class C
    Pass-Through Rate
	Class D	Class D
    Pass-Through Rate
	Class E	Class E
    Pass-Through Rate
	Class
    F	Class
    F Pass-Through Rate

 

With
respect to each Class of Lower-Tier Regular Interests, the Net Mortgage Rate.

 

The
Class R, Class LR and the VRR Interest do not have Pass-Through Rates.

 

“Paying
Agent”: The paying agent appointed pursuant to Section 5.04 of this Agreement.

 

“PCAOB”:
The Public Company Accounting Oversight Board.

 

“Penalty
Charges”: With respect to the Whole Loan (or successor REO Loan), any amounts collected thereon from the Borrower that
represent default charges, penalty charges, late fees and/or Default Interest, and excluding any Prepayment Charge.

 

“Percentage
Interest”: As to any Certificate, the percentage interest evidenced thereby in distributions required to be made with
respect to the related Class. With respect to any Certificate (except the Class R and Class LR Certificates), the percentage
interest is equal to the initial denomination of such Certificate as of the Closing Date divided by the initial Certificate Balance
or Notional Amount, as applicable, of such Class of Certificates. With respect to any Class R or Class LR Certificate,
the percentage interest is set forth on the face thereof.

 

“Performing
Loan”: The Whole Loan if it is not a Specially Serviced Loan or REO Loan.

 

    -48-

     

    

 

“Permitted
Investments”: Any one or more of the following obligations or securities acquired at a purchase price of not greater
than par, payable on demand or having a maturity date not later than the Business Day immediately prior to the first Due Date
following the date of acquiring such investment and meeting one of the appropriate standards set forth below:

 

(i)           
direct obligations of, and obligations fully guaranteed as to timely payment of principal and interest by, the United States of
America, Fannie Mae, Freddie Mac or any agency or instrumentality of the United States of America, the obligations of which are
backed by the full faith and credit of the United States of America that mature in one (1) year or less from the date of acquisition;
provided that any obligation of, or guarantee by, any agency or instrumentality of the United States of America shall be
a Permitted Investment only if such investment would not result in the downgrading, withdrawal or qualification of the then-current
rating assigned by each Rating Agency to any Certificate as evidenced in writing, other than (a) unsecured senior debt obligations
of the U.S. Treasury (direct or fully funded obligations), U.S. Department of Housing and Urban Development public housing agency
bonds, Federal Housing Administration debentures, Government National Mortgage Association guaranteed mortgage-backed securities
or participation certificates, RefCorp debt obligations and SBA-guaranteed participation certificates and guaranteed pool certificates
and (b) Farm Credit System consolidated systemwide bonds and notes, Federal Home Loan Banks’ consolidated debt obligations,
Freddie Mac debt obligations, and Fannie Mae debt obligations that satisfy the Applicable Moody’s Permitted Investment Rating
and the Applicable S&P Permitted Investment Rating;

 

(ii)          
repurchase agreements on obligations specified in clause (a) of this definition, with a party agreeing to repurchase such
obligations that, in each case, satisfy the Applicable S&P Permitted Investment Rating, the Applicable KBRA Permitted Investment
Rating, and the Applicable Moody’s Permitted Investment Rating (or, in the case of any such Rating Agency, such lower rating
as is the subject of a No Downgrade Confirmation relating to the Certificates and any Companion Loan Securities);

 

(iii)         
federal funds, unsecured uncertificated certificates of deposit, time deposits, demand deposits and bankers’ acceptances
of any bank or trust company organized under the laws of the United States or any state thereof, that, in each case, satisfy the
Applicable S&P Permitted Investment Rating, the Applicable KBRA Permitted Investment Rating, and the Applicable Moody’s
Permitted Investment Rating (or, in the case of any such Rating Agency, such lower rating as is the subject of a No Downgrade
Confirmation relating to the Certificates and any Companion Loan Securities);

 

(iv)        
commercial paper of any corporation incorporated under the laws of the United States or any state thereof (or of any corporation
not so incorporated, provided that the commercial paper is United States Dollar denominated and amounts payable thereunder
are not subject to any withholding imposed by any non-United States jurisdiction) provided, further that such investments,
in each case, satisfy the Applicable S&P Permitted Investment Rating, the Applicable

 

    -49-

     

    

 

 KBRA Permitted Investment Rating, and
the Applicable Moody’s Permitted Investment Rating (or, in the case of any such Rating Agency, such lower rating as is the
subject of a No Downgrade Confirmation relating to the Certificates and any Companion Loan Securities);

 

(v)          
(1) units of taxable money market mutual funds, issued by regulated investment companies, which seek to maintain a constant
net asset value per share (including the Federated Prime Obligation Money Market Fund, US Bank Long Term Eurodollar Sweep or the
Wells Fargo Money Market Funds) so long as any such fund is rated “Aaa-mf” by Moody’s and in the highest category
by S&P or otherwise acceptable to such Rating Agency, in any such case, as confirmed in a No Downgrade Confirmation relating
to the Certificates and any Companion Loan Securities), and (2) units of money market funds that (A) have substantially
all of its assets invested continuously in the types of investments referred to in clause (a) above, (B) has net assets
of not less than $5,000,000,000, and (C) has a rating of “Aaa-mf” by Moody’s and in the highest category
by S&P; and

 

(vi)          any other demand, money market or time deposit, demand obligation or any other obligation, security or investment, provided that the Master Servicer, Special Servicer or Certificate Administrator, as applicable, has received a No Downgrade Confirmation
relating to the Certificates and any Companion Loan Securities.

 

Notwithstanding
the foregoing, “Permitted Investments” (i) shall be limited to investments that have an unqualified rating (i.e.,
one with no qualifying suffix), with the exception of ratings with regulatory indicators, such as the (sf) subscript, and unsolicited
ratings; (ii) shall be limited to those instruments that have a predetermined fixed dollar of principal due at maturity that
cannot vary or change; and (iii) shall exclude any investment where the right to receive principal and interest derived from
the underlying investment provides a yield to maturity in excess of 120% of the yield to maturity at par of such underlying investment.
Interest may either be fixed or variable, and any variable interest must be tied to a single interest rate index plus a single
fixed spread (if any), and move proportionately with that index. No investment shall be made that requires a payment above par
for an obligation if the obligation may be prepaid at the option of the issuer thereof prior to its maturity. All investments
shall mature or be redeemable upon the option of the holder thereof on or prior to the earlier of (x) three months from the
date of their purchase and (y) the Business Day preceding the day before the date such amounts are required to be applied
hereunder. Permitted Investments may not be purchased at a price in excess of par.

 

“Permitted
Special Servicer/Affiliate Fees”: Any commercially reasonable treasury management fees, banking fees, property condition
report fees, customary title agency fees and insurance commissions or fees received or retained by the Special Servicer or any
of its Affiliates in connection with any services performed by such party with respect to the Whole Loan or REO Property.

 

“Permitted
Transferee”: With respect to a Class R or Class LR Certificate, any Person or agent thereof that is a Qualified
Institutional Buyer or an Affiliated Person, other than (a) a Disqualified Organization, (b) a Person that is a Disqualified
Non-U.S. Person, (c) any other Person so designated by the Certificate Registrar who is unable to provide an Opinion
of Counsel

 

    -50-

     

    

 

 (provided at the expense of such Person or the Person requesting the Transfer) to the effect that the Transfer of an
Ownership Interest in any Class R or Class LR Certificate to such Person will not cause either Trust REMIC to fail to
qualify as a REMIC at any time that the Certificates are outstanding, (d) an entity treated as a domestic partnership for
U.S. federal income tax purposes, one or more of the direct or indirect beneficial owners (other than through a U.S. corporation)
of which is (or is permitted under the applicable partnership agreement to be) a Disqualified Non-U.S. Person or (e) a
U.S. Person with respect to whom income on the Class R or Class LR Certificate is attributable to a fixed base or foreign
permanent establishment, within the meaning of an applicable income tax treaty, of such transferee or any other U.S. Person.

 

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

 

“Plan”:
As defined in Section 5.02(k) of this Agreement.

 

“Prepayment
Assumption”: The assumption that the Trust Loan does not prepay prior to its Maturity Date.

 

“Prepayment
Charges”: Any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be
paid under the Loan Documents in connection with a Principal Prepayment in respect of the Trust Loan and which are intended to
compensate the mortgagee for an early and unscheduled receipt of principal. Any breakage costs payable to the “lender”
(as such term is used in the related Loan Documents) under the Whole Loan and actually collected from the Borrower in connection
with a Principal Prepayment during or after a “lockout” period shall constitute Prepayment Charges.

 

“Prepayment
Interest Excess”: With respect to any Distribution Date, if the Whole Loan was subject to Principal Prepayment in full
or in part, or as to which Insurance Proceeds, Liquidation Proceeds or Condemnation Proceeds, as applicable, were received by
the Master Servicer or Special Servicer for application to the Whole Loan, in each case after the Due Date in the related Collection
Period and on or prior to the close of business on the Business Day prior to the related Servicer Remittance Date, the aggregate
amount of interest accrued at the Mortgage Rate on the amount of such Principal Prepayments, Insurance Proceeds, Liquidation Proceeds
and Condemnation Proceeds after the Due Date in the related Collection Period and accruing in the manner set forth in the Loan
Documents, to the extent such interest is collected by the Master Servicer or the Special Servicer (without regard to any Prepayment
Charges actually collected).

 

“Prepayment
Interest Shortfall”: With respect to any Distribution Date, if the Whole Loan was subject to a Principal Prepayment
in full or in part which did not include a full month’s interest during the related Collection Period, or as to which Insurance
Proceeds, Liquidation Proceeds or Condemnation Proceeds, as applicable, were received by the Master Servicer or Special Servicer
for application to the Whole Loan, in each case on or prior to the Due Date in the related Whole Loan Interest Accrual Period
preceding such Distribution Date, the shortfall in the amount of interest that would have accrued and been payable through the
end of the Whole Loan Interest Accrual Period at the Mortgage Rate on the amount of such Principal Prepayment, Insurance Proceeds,
Liquidation Proceeds or Condemnation Proceeds had such

 

    -51-

     

    

 

 Principal Prepayment, Insurance Proceeds, Liquidation Proceeds or Condemnation
Proceeds not been made (without regard to any Prepayment Charges actually collected).

 

“Pricing
Date”: October 31, 2019.

 

“Prime
Rate”: The “Prime Rate” as published in the “Money Rates” section of The Wall
Street Journal, Eastern edition (or, if such section or publication is no longer available, such other comparable publication
as determined by the Certificate Administrator in its reasonable discretion) as may be in effect from time to time, or, if the
“Prime Rate” no longer exists, such other comparable rate (as determined by the Certificate Administrator in
its reasonable discretion) as may be in effect from time to time. The Certificate Administrator shall notify in writing the Master
Servicer and the Special Servicer with regard to any determination of the Prime Rate in accordance with the parenthetical in the
preceding sentence.

 

“Principal
Balance Certificates”: The Class A, Class B, Class C, Class D, Class E, Class F and Class VRR
Certificates.

 

“Principal
Prepayment”: Any payments of principal made by the Borrower on the Trust Loan that are received in advance of its scheduled
Due Date and which are not accompanied by an amount of interest representing the full amount of scheduled interest due with respect
to the related Whole Loan Interest Accrual Period. Principal Prepayments include any payment of principal on the Whole Loan that
is made out of remaining funds in the Cash Management Account in accordance with the Loan Agreement and the Co-Lender Agreement.

 

“Privileged
Information”: Any (i) correspondence or other communications between the Directing Holder (or the Controlling Class)
or the Risk Retention Consultation Parties, on the one hand, and the Special Servicer (or the Master Servicer), on the other hand,
related to the Whole Loan if the Whole Loan becomes a Specially Serviced Loan or the exercise of the consent or consultation rights
of the Directing Holder or the consultation rights of the Risk Retention Consultation Parties under this Agreement and the Co-Lender
Agreement, (ii) strategically sensitive information that the Special Servicer has reasonably determined could compromise
the Trust’s position in any ongoing or future negotiations with the Borrower or other interested party and (iii) information
subject to attorney-client privilege; provided that the summary of any Final Asset Status Report prepared pursuant to this
Agreement is deemed not to be Privileged Information (although no such summary shall be made available to any Borrower Related
Party).

 

“Privileged
Information Exception”: With respect to any Privileged Information, at any time (a) such Privileged Information
becomes generally available and known to the public other than as a result of a disclosure directly or indirectly by the party
restricted from disclosing such Privileged Information (the “Restricted Party”), (b) it is reasonable
and necessary for the Restricted Party to disclose such Privileged Information in working with legal counsel, auditors, taxing
authorities or other governmental agencies, (c) such Privileged Information was already known to such Restricted Party and
not otherwise subject to a confidentiality obligation and/or (d) the Restricted Party is required by law to disclose such
information.

 

“Privileged
Person”: A party to this Agreement, the Trust Loan Sellers, a Rating Agency, a designee of the Depositor (including
any financial market publisher), the Initial

 

    -52-

     

    

 

 Purchasers, the Directing Holder (but only during any Subordinate Control Period
and any Subordinate Consultation Period), any Risk Retention Consultation Parties, any Companion Loan Holder that delivers a certification
substantially in the form of Exhibit Z, any other person who delivers to the Certificate Administrator an Investor Certification
(which may be provided by the Certificate Administrator upon request) and any NRSRO that delivers an NRSRO Certification to the
17g-5 Information Provider substantially in the form of Exhibit O to this Agreement, which Investor Certification
and NRSRO Certification may be submitted electronically via the Certificate Administrator’s Website in a “click-through”
format. For purposes of obtaining information or access to the Certificate Administrator’s Website, each Borrower Related
Party shall be prohibited from obtaining such information or access pursuant to the terms of this Agreement (other than the Distribution
Date Statement) and will not be considered Privileged Persons.

 

“Prohibited
Party”: Any proposed Servicing Function Participant (i) that is listed on the Depositor’s Do Not Hire List
or (ii) for which the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee that seeks to retain
such Servicing Function Participant has actual knowledge obtained by written notice or through actual experience that such party
at any point prior to such hiring, assignment or transfer failed to comply with the Servicing Function Participant’s reporting
obligations under Regulation AB with respect to any other securitization.

 

“Property
Advance”: Any advance made by the Master Servicer or the Trustee, as applicable, in respect of Property Protection Expenses
or any expenses incurred to protect, preserve and enforce the security for the Whole Loan or to pay taxes and assessments or insurance
premiums with respect to the Mortgaged Property, to the extent the making of any such advance is specifically provided for in
this Agreement, including, but not limited to, any advance made pursuant to Section 3.02 or Section 3.21
of this Agreement, as applicable. Each reference to the payment or reimbursement of a Property Advance shall be deemed to include,
whether or not specifically referred to, payment or reimbursement of interest thereon at the Advance Rate. Notwithstanding anything
to the contrary, “Property Advance” shall not include allocable overhead of the Master Servicer or the Special Servicer,
as applicable, such as costs for office space, office equipment, supplies and related expenses, employee salaries and related
expenses and similar internal costs and expenses or costs and expenses incurred by any such party in connection with its purchase
of the Whole Loan or REO Property.

 

“Property
Protection Expenses”: Any costs and expenses incurred by the Master Servicer or the Special Servicer pursuant to Section 3.04,
Section 3.08(a), Section 3.10, Section 3.11, Section 3.15(a), Section 3.15(b),
Section 3.15(c), Section 3.16(c) or Section 3.24(a) of this Agreement or indicated herein as being
payable as a Property Advance or as a cost or expense of the Trust Fund and the Companion Loan Holders but subject to the provisions
of Section 1.02(e) or the Lower-Tier REMIC or Upper-Tier REMIC to be paid out of the Collection Account.

 

“PTCE”:
Prohibited Transaction Class Exemption.

 

“Qualified
Affiliate”: Any Person (a) that is organized and doing business under the laws of any state of the United States
or the District of Columbia, (b) that is in the business of performing the duties of a servicer of mortgage loans, and (c) as
to which 50% or greater of its outstanding voting stock or equity ownership interest are directly or indirectly owned by the Master
Servicer or the Special Servicer, as applicable, or by any Person or Persons who directly

 

    -53-

     

    

 

 or indirectly own equity ownership interests
in the Master Servicer or the Special Servicer, as applicable.

 

“Qualified
Institutional Buyer”: A “qualified institutional buyer” within the meaning of Rule 144A.

 

“Qualified
Insurer”: As used in Section 3.08 of this Agreement:

 

(i)          
an insurance company or security or bonding company qualified to write the related insurance policy in the relevant jurisdiction
and whose claims paying ability is rated (a) “A-” by S&P (or, if not rated by S&P, an equivalent (or
higher) rating by at least one NRSRO (which may include Moody’s and/or KBRA)), (b) at least “A3” by Moody’s
(or, if not rated by Moody’s, an equivalent (or higher) rating by at least one NRSRO (which may include S&P and/or KBRA))
and (c) the equivalent rating by KBRA (or, if not rated by KBRA, an equivalent (or higher) rating by at least one NRSRO (which
may include S&P and/or Moody’s));

 

(ii)          
in the case of the fidelity bond and the errors and omissions insurance required to be maintained pursuant to Section 3.08(d)
of this Agreement, a company that shall have a claims paying ability rated at least equal to any one of the following: (1) “A-”
or better by S&P, (2) “A3” or better by Moody’s, (3) “A-” or better by Fitch, (4) “A
(low)” or better by DBRS, (5) “A-:X” or better by A.M. Best or (6) an equivalent rating by KBRA; and

 

(iii)        
in the case of clauses (i) and (ii), such other rating as to which a No Downgrade Confirmation has been obtained
from each Rating Agency and, if applicable, each rating agency relating to a Companion Loan Securitization for which the minimum
rating set forth in the applicable clause is not satisfied.

 

“Qualified
Manager”: As defined in the Loan Agreement.

 

“Qualified
Mortgage”: An obligation that is a “qualified mortgage” within the meaning of Section 860G(a)(3) of
the Code (but without regard to the rule in Treasury Regulations Section 1.860G-2(f)(2) that treats a defective obligation
as a qualified mortgage), or any substantially similar successor provision.

 

“Qualified
Servicer”: As defined in Section 3.30 of this Agreement.

 

“Rated
Final Distribution Date”: With respect to each Class of Non-VRR Certificates, the Distribution Date in November 2039.

 

“Rating
Agency”: Any of S&P and KBRA.

 

“Rating
Agency Q&A Forum and Document Request Tool”: As defined in Section 3.14(d) of this Agreement.

 

“Realized
Loss”: With respect to any Distribution Date, the amount, if any, by which the aggregate Certificate Balance of the
Offered Principal Balance Certificates and the VRR Interest after giving effect to distributions of principal on such Distribution
Date exceeds the Stated

 

    -54-

     

    

 

 Principal Balance of the Trust Loan immediately following the Determination Date preceding such Distribution
Date.

 

“Record
Date”: With respect to each Distribution Date, the close of business on the last Business Day of the calendar month
immediately preceding the month in which such Distribution Date occurs.

 

“Regular
Interest Distribution Amount”: With respect to any Distribution Date, an amount equal to, (i) for any Class of
Offered Principal Balance Certificates, interest for the related Certificate Interest Accrual Period at the applicable Pass-Through
Rate for such Class on the related Certificate Balance immediately prior to such Distribution Date; and (ii) for the Class
X Certificates, interest for the related Certificate Interest Accrual Period at the applicable Pass-Through Rate for such Class
on the related Notional Amount immediately prior to such Distribution Date.

 

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

 

“Regulation D”:
Regulation D under the Act.

 

“Regulation S”:
Regulation S under the Act.

 

“Regulation
S Global Certificate”: Each of the Class A, Class X, Class B, Class C, Class D, Class E and Class
F Certificates issued as such on the Closing Date and registered in the name of a nominee of the Depository, interest in which
is to be held by Regulation S Investors.

 

“Regulation
S Investor”: With respect to a transferee of an interest in a Regulation S Global Certificate, a transferee that acquires
such interest pursuant to Regulation S.

 

“Regulation
S Transfer Certificate”: As defined in Section 5.02(c)(i)(B) of this Agreement.

 

“Relevant
Servicing Criteria”: The Servicing Criteria applicable to each Reporting Servicer (as set forth, with respect to the
Master Servicer and the Special Servicer, on Schedule I to this Agreement). For clarification purposes, multiple Reporting
Servicers can have responsibility for the same Relevant Servicing Criteria and some of the Servicing Criteria will not be applicable
to certain Reporting Servicers. With respect to a Servicing Function Participant engaged by the Master Servicer, the Special Servicer,
the Certificate Administrator or the Trustee, the term “Relevant Servicing Criteria” refers to the items of the Relevant
Servicing Criteria applicable to the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee that
engaged such Servicing Function Participant that are applicable to such Servicing Function Participant based on the functions
it has been engaged to perform.

 

“REMIC”:
A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code and the REMIC Provisions.

 

    -55-

     

    

 

“REMIC
Provisions”: Provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear
at Sections 860A through 860G of the Code, and related provisions, and regulations (including any applicable proposed regulations)
and rulings promulgated thereunder, as the foregoing may be in effect from time to time.

 

“Remittance
Amount”: For each distribution date that a Master Servicer is required to make a distribution to a Companion Loan Holder
pursuant to Section 3.05(h), the amounts received by the Master Servicer (or, with respect to a Serviced REO Property,
the Special Servicer) during the related Collection Period pursuant to the Co-Lender Agreement and available for payment after
withdrawals from the Collection Account payable to the Companion Loan Holder(s) pursuant to the Co-Lender Agreement.

 

“Rents
from Real Property”: With respect to the REO Property, gross income of the character described in Section 856(d)
of the Code, which income, subject to the terms and conditions of that Section of the Code in its present form, does not include:

 

(a)          except as provided in Section 856(d)(4) of the Code or (6), any amount received or accrued, directly or indirectly, with
respect to the REO Property, if the determination of such amount depends in whole or in part on the income or profits derived
by any Person from such property (unless such amount is a fixed percentage or percentages of receipts or sales and otherwise constitutes
Rents from Real Property);

 

(b)          any amount received or accrued, directly or indirectly, from any Person if the Trust Fund owns directly or indirectly (including
by attribution) a ten percent or greater interest in such Person determined in accordance with Sections 856(d)(2)(B) of the
Code and (d)(5) of the Code;

 

(c)         
any amount received or accrued, directly or indirectly, with respect to the REO Property if any Person Directly Operates the REO
Property;

 

(d)          any amount charged for services that are not customarily furnished in connection with the rental of property to tenants in buildings
of a similar class in the same geographic market as the REO Property within the meaning of Treasury Regulations Section 1.856-4(b)(1)
(whether or not such charges are separately stated); and

 

(e)         
rent attributable to personal property unless such personal property is leased under, or in connection with, the lease of the
REO Property and, for any taxable year of the Trust Fund, such rent is no greater than 15 percent of the total rent received or
accrued under, or in connection with, the lease.

 

“REO
Account”: As defined in Section 3.15(b) of this Agreement.

 

“REO
Loan”: The Whole Loan if the Mortgaged Property has become an REO Property.

 

“REO
Proceeds”: With respect to the REO Property and the REO Loan, all revenues received by the Special Servicer with respect
to the REO Property or REO Loan which do not constitute Liquidation Proceeds.

 

    -56-

     

    

 

“REO
Property”: The Mortgaged Property, if title to which has been acquired by the Special Servicer on behalf of the Trust
Fund through foreclosure, deed-in-lieu of foreclosure or otherwise.

 

“Reporting
Servicer”: The Master Servicer, the Special Servicer (regardless of whether the Special Servicer has commenced special
servicing of the Whole Loan) and each Servicing Function Participant.

 

“Repurchase
Communication”: For purposes of Section 2.03(d) of this Agreement only, any communication, whether oral
or written, which need not be in any specific form.

 

“Repurchase
Price”: With respect to the Trust Loan if it is to be repurchased or purchased pursuant to Section 2.03(e)
or Section 9.01 of this Agreement, or if the Trust Loan becomes a Specially Serviced Loan or REO Loan that is to be
sold pursuant to Section 3.16 of this Agreement, an amount, calculated by the Master Servicer or the Special Servicer,
as applicable, equal to:

 

(a)         
the outstanding principal balance of the Trust Loan as of the date of purchase; plus

 

(b)          all accrued and unpaid interest on the Trust Loan at the Trust Loan Rate in effect from time to time, to but not including the
Due Date in the month of purchase (or, in the case of a purchase occurring after the Determination Date in the related month,
to but not including the Due Date in the month immediately succeeding such purchase), but excluding any yield maintenance or other
prepayment penalty; plus

 

(c)         
all related unreimbursed Property Advances and Administrative Advances plus accrued and unpaid interest on related Advances at
the Advance Rate, and all Special Servicing Fees and Workout Fees allocable to the Trust Loan; plus

 

(d)          any Liquidation Fee due pursuant to Section 3.12 of this Agreement allocable to the Trust Loan or Specially Serviced
Loan; plus

 

(e)         
all Additional Trust Fund Expenses; plus

 

(f)          
if the Trust Loan (or REO Loan), or a portion thereof, is being purchased by a Trust Loan Seller pursuant to the related Trust
Loan Purchase Agreement, to the extent not otherwise included in the amount described in clause (c) of this definition,
all reasonable out-of-pocket expenses reasonably incurred or to be incurred by the Master Servicer, the Special Servicer, the
Depositor, the Certificate Administrator and the Trustee in respect of the Breach or Defect giving rise to the repurchase obligation,
including any such expenses arising out of the enforcement of the repurchase obligation, including, without duplication, any such
expenses previously reimbursed from the Collection Account, plus accrued and unpaid interest thereon at the Advance Rate, to the
extent payable to the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee.

 

    -57-

     

    

 

For
purposes of this Agreement, the “Repurchase Price” (i) in respect of a Companion Loan that is purchased by the
Trust Loan Seller shall be the repurchase price paid by the related Trust Loan Seller under the related Other Pooling and Servicing
Agreement or the applicable servicing agreement and (ii) with respect to a sale of an REO Property, the term Whole Loan or
REO Loan shall be construed to include the Companion Loans.

 

“Repurchase
Request”: As defined in Section 2.03(d) of this Agreement.

 

“Repurchase
Request Recipient”: As defined in Section 2.03(d) of this Agreement.

 

“Repurchase
Request Rejection”: As defined in Section 2.03(d) of this Agreement.

 

“Repurchase
Request Withdrawal”: As defined in Section 2.03(d) of this Agreement.

 

“Request
for Release”: A request for a release signed by a Servicing Officer, substantially in the form of Exhibit E to this Agreement.

 

“Requesting
Party”: As defined in Section 3.30(a) of this Agreement.

 

“Reserve
Accounts”: Reserve accounts, if any, established pursuant to the Mortgage or the Loan Agreement and any Escrow Account.
Any Reserve Account may be a sub-account of a related Cash Collateral Account. Any Reserve Account shall be beneficially owned
for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance
with the terms and provisions of the Whole Loan and Section 3.07 of this Agreement, which Person shall be taxed on
all reinvestment income or gain thereon. The Master Servicer shall be permitted to make withdrawals therefrom for deposit into
the related Cash Collateral Account, if applicable, or the Collection Account or for the purposes set forth under the Loan Documents
for the Whole Loan.

 

“Residual
Certificates”: The Class R and Class LR Certificates, collectively.

 

“Resolution
Extension Period”:

 

(a)         
For purposes of remediating a Material Breach with respect to the Trust Loan, the 90-day period following the end of the applicable
Initial Resolution Period;

 

(b)          For purposes of remediating a Material Document Defect with respect to the Trust Loan, if it is not a Specially Serviced Loan
at the commencement of, and does not become a Specially Serviced Loan during, the applicable Initial Resolution Period, the period
commencing at the end of the applicable Initial Resolution Period and ending on, and including, the earlier of (i) the 90th
day following the end of such Initial Resolution Period and (ii) the 45th day following the Trust Loan Sellers’ receipt
of written notice from the Master Servicer or the Special Servicer of the occurrence of any Servicing Transfer Event with respect
to the Trust Loan subsequent to the end of such Initial Resolution Period;

 

    -58-

     

    

 

(c)         
For purposes of remediating a Material Document Defect with respect to the Trust Loan, if it is a not a Specially Serviced Loan
as of the commencement of the applicable Initial Resolution Period, but as to which a Servicing Transfer Event occurs during such
Initial Resolution Period, the period commencing at the end of the applicable Initial Resolution Period and ending on, and including,
the 90th day following the earlier of the end of such Initial Resolution Period and the Trust Loan Sellers’ receipt of written
notice from the Master Servicer or the Special Servicer of the occurrence of such Servicing Transfer Event; and

 

(d)          For purposes of remediating a Material Document Defect with respect to the Trust Loan, if it is a Specially Serviced Loan as of
the commencement of the applicable Initial Resolution Period, zero (-0-) days; provided that, if the Trust Loan Sellers
did not receive written notice from the Master Servicer or the Special Servicer of the relevant Servicing Transfer Event as of
the commencement of the applicable Initial Resolution Period, then such Servicing Transfer Event shall be deemed to have occurred
during such Initial Resolution Period and clause (c) of this definition will be deemed to apply.

 

“Responsible
Officer”: When used with respect to the Trustee or the Certificate Administrator, any officer of the Trustee or
the Certificate Administrator, as the case may be, assigned to the Corporate Trust Office of such party; in each case, with direct
responsibility for the administration of this Agreement and also, with respect to a particular matter, any other officer to whom
such matter is referred because of such officer’s knowledge of and familiarity with the particular subject, and, in the
case of any certification required to be signed by a Responsible Officer, such an officer whose name and specimen signature appears
on a list of corporate trust officers furnished to the Master Servicer by the Trustee and the Certificate Administrator, as such
list may from time to time be amended.

 

“Restricted
Certificate”: As defined in Section 5.02(k) of this Agreement.

 

“Restricted
Holder”: Any Certificateholder, beneficial owner of a Certificate or prospective purchaser of a Certificate (whether
legally, beneficially or otherwise) or any other person that as of the time of the events in clauses (a), (b) and
(c) below is also a holder of a related mezzanine loan (or any affiliate or agent thereof) or an owner in any interest
in any related mezzanine loan (whether legally, beneficially or otherwise, including as a holder of a note evidencing a related
mezzanine loan, a holder of a participation interest in a related mezzanine loan or a beneficial owner of any securities collateralized
by a related mezzanine loan) (a) as to which an event of default has occurred under such mezzanine loan giving rise to an automatic
acceleration of such mezzanine loan or the right of the lender thereunder to accelerate such mezzanine loan, (b) as to which foreclosure
or enforcement proceedings against the related collateral have been initiated (and in respect of which, the Special Servicer has
received notice thereof) or (c) at any time when any Servicing Transfer Event has occurred and is continuing with respect to the
Whole Loan as a result of any determination by the Master Servicer or the Special Servicer that a default in the payment of principal
or interest under the Whole Loan is reasonably foreseeable or there is a significant risk of such default.

 

“Restricted
Period”: The 40-day period prescribed by Regulation S commencing on the later of (a) the date upon which the Certificates
are first offered to institutions that are

 

    -59-

     

    

 

 persons other than the Initial Purchasers and any other distributor (as defined in
Regulation S) of the Certificates and (b) the Closing Date.

 

“Retaining
Parties”: Each of DBNY as holder of the VRR1 Interest, WFB as holder of the VRR2 Interest and MSBNA as holder of the
VRR3 Interest, and any successor holder of all or part of the VRR1 Interest, the VRR2 Interest or the VRR3 Interest.

 

“Retaining
Sponsor”: GACC, acting as retaining sponsor as such term is defined in the Credit Risk Retention Rule.

 

“Risk
Retention Consultation Party”: Each of (i) the party selected by the majority of the VRR1 Interest, (ii) the
party selected by the holder (or group of affiliated holders) of the majority of the VRR2 Interest and (iii) the party selected
by the holder of the majority of the VRR3 Interest, by Certificate Balance, as determined by the Certificate Registrar from time
to time. The other parties hereto shall be entitled to assume, without independent investigation or verification, that the identity
of any Risk Retention Consultation Party has not changed until such parties receive written notice of (including the identity
of and contact information for) a replacement of such Risk Retention Consultation Party from a party holding the requisite interest
in the VRR1 Interest (in the case of the VRR1 Risk Retention Consultation Party), a party holding the requisite interest
in the VRR2 Interest (in the case of the VRR2 Risk Retention Consultation Party) or a party holding the requisite interest
in the VRR3 Interest (in the case of the VRR3 Risk Retention Consultation Party), as confirmed by the Certificate Registrar.
For avoidance of doubt, there may not be more than three Risk Retention Consultation Parties. The initial VRR1 Risk Retention
Consultation Party shall be DBNY, the initial VRR2 Risk Retention Consultation Party shall be WFB and the initial VRR3 Risk Retention
Consultation Party shall be MSMCH. A Risk Retention Consultation Party cannot be a Borrower Related Party.

 

The
Certificate Administrator shall promptly provide the name and contact information for the subsequent Risk Retention Consultation
Parties, to the extent it receives an executed Exhibit L-1-E, upon request of any party to this Agreement and any such
requesting party may conclusively rely on the name and contact information provided by the Certificate Administrator.

 

In
the event that no VRR1 Risk Retention Consultation Party, VRR2 Risk Retention Consultation Party or VRR3 Risk Retention Consultation
Party, as applicable, has been appointed or identified to the Master Servicer or the Special Servicer, as applicable, and the
Master Servicer, the Special Servicer, or the Certificate Administrator, as applicable, has attempted to obtain such information
from the Certificate Administrator and no such entity has been identified to the Master Servicer or the Special Servicer, as applicable,
then until such time as the new such Risk Retention Consultation Party is identified, the Master Servicer or the Special Servicer,
as applicable, shall have no duty to consult with, provide notice to, or seek the approval or consent of any such Risk Retention
Consultation Party as the case may be.

 

“Rule 144A
Global Certificate”: Each of the Class A, Class X, Class B, Class C, Class D, Class E and Class
F Certificates issued as such on the Closing Date and registered in the name of a nominee of the Depository, interest in which
is to be held by Qualified Institutional Buyers.

 

    -60-

     

    

 

“Rule
15Ga-1 Notice”: As defined in Section 2.03(d) of this Agreement.

 

“Rule
15Ga-1 Notice Provider”: As defined in Section 2.03(d) of this Agreement.

 

“Sarbanes
Oxley Act” means the Sarbanes Oxley Act of 2002 and the rules and regulations of the Commission promulgated thereunder
(including any interpretations thereof by the Commission’s staff).

 

“Sarbanes-Oxley
Certification”: With respect to an Other Securitization Trust, the certification required to be filed together with
such Other Securitization Trust’s Exchange Act report on Form 10-K pursuant to Rule 13a-14 and Rule 15d-14 of the Exchange
Act.

 

“S&P”:
S&P Global Ratings, acting through Standard & Poor’s Financial Services LLC, and its successors in interest, or
any successor thereto. If neither S&P nor any successor remains in existence, “S&P” shall be deemed to refer
to such other nationally recognized statistical rating agency or other comparable Person designated by the Depositor, notice of
which designation shall be given to the other parties hereto and specific ratings of S&P herein referenced shall be deemed
to refer to the equivalent ratings of the party so designated.

 

“Securities
Legend”: As defined in Section 5.02(c)(iii) of this Agreement.

 

“Senior
Non-Trust Notes”: The Companion Loans.

 

“Senior
Notes”: The Senior Trust Notes and the Senior Non-Trust Notes.

 

“Senior
Trust Notes”: The Notes respectively bearing the designations Note A-1-S1, Note A-1-S2, Note A-1-S3, Note A-2-S1, Note
A-2-S2, Note A-2-S3, Note A-3-S1, Note A-3-S2, Note A-3-S3, Note A-2-C1, Note A-2-C3, Note A-2-C4, Note A-3-C1 and Note A-3-C3
in the aggregate principal amount of $525,000,000.

 

“Service(s)(ing)”:
In accordance with Regulation AB, the act of servicing and administering the Trust Loan or any other assets of the Trust by an
entity that meets the definition of “servicer” set forth in Item 1101 of Regulation AB and is referenced in the disclosure
requirements set forth in Item 1108 of Regulation AB. For clarification purposes, any uncapitalized occurrence of this term shall
have the meaning commonly understood by participants in the commercial mortgage-backed securities market.

 

“Servicer
Remittance Date”: With respect to any Distribution Date, the Business Day preceding such Distribution Date.

 

“Servicer
Termination Event”: A Master Servicer Termination Event or Special Servicer Termination Event, as applicable.

 

“Servicing
Compensation”: With respect to any Collection Period, the related Servicing Fee, Prepayment Interest Excess (if any
and to the extent any such Prepayment Interest Excess exceeds the amount of any Prepayment Interest Shortfalls) and any other
fees, charges or other amounts payable to the Master Servicer under this Agreement for such period.

 

    -61-

     

    

 

“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”: With respect to the Trust Loan or the Whole Loan, as the case may be, and for any Distribution Date, an amount
per Certificate Interest Accrual Period equal to interest at the Servicing Fee Rate accrued on the Stated Principal Balance of
the Trust Loan or the Whole Loan, as the case may be, as of the Due Date immediately preceding such Distribution Date (without
giving effect to payments of principal on the Trust Loan or the Whole Loan, as the case may be, on such Due Date). The Servicing
Fee shall be calculated in accordance with the provisions of Section 1.02(a) of this Agreement. For the avoidance
of doubt, the Servicing Fee shall be deemed for tax purposes as paid from the Lower-Tier REMIC.

 

“Servicing
Fee Rate”: (a) With respect to the Trust Loan, a master servicing fee rate equal to 0.00125% per annum, and
(b) with respect to the Whole Loan, a primary servicing fee rate equal to 0.00125% per annum.

 

“Servicing
File”: As defined in the Trust Loan Purchase Agreements.

 

“Servicing
Function Participant”: Any Person, other than the Master Servicer, the Special Servicer, the Certificate Administrator,
the Custodian or the Trustee, that, within the meaning of Item 1122 of Regulation AB, is performing activities that address
the Servicing Criteria, unless the Master Servicer has assumed responsibility for the servicing activity, as provided for under
Regulation AB.

 

“Servicing
Officer”: Any officer or employee of the Master Servicer or the Special Servicer, as applicable, involved in, or responsible
for, the administration and servicing of the Trust Loan and/or a Companion Loan, or this Agreement and also, with respect to a
particular matter, any other officer to whom such matter is referred because of such officer’s or employee’s knowledge
of and familiarity with the particular subject, and, in the case of any certification required to be signed by a Servicing Officer,
such an officer or employee whose name and specimen signature appears on a list of servicing officers furnished to the Certificate
Administrator and the Trustee by the Master Servicer or the Special Servicer, as applicable, as such list may from time to time
be amended.

 

“Servicing
Standard”: With respect to the Master Servicer (with respect to the Whole Loan while it is not a Specially Serviced
Loan or REO Loan) and the Special Servicer (with respect to the Specially Serviced Loan or REO Loan) (in each case, directly or
through one or more sub-servicers), to diligently service and administer the Whole Loan, Specially Serviced Loan or REO Loan for
which each is responsible in the best interests of and for the benefit of all of the Certificateholders and the Companion Loan
Holders (as a collective whole as if such Certificateholders and the Companion Loan Holders constituted a single lender), as determined
by the Master Servicer or the Special Servicer, as the case may be, in the exercise of its reasonable judgment, in accordance
with applicable law, the terms of this Agreement, the Loan Documents and the Co-Lender Agreement, and, to the extent not inconsistent
with the foregoing, in accordance with the higher of the following standards of care:

 

(a)         
the same manner in which, and with the same care, skill, prudence and diligence with which, the Master Servicer or the Special
Servicer, as the case may be,

 

    -62-

     

    

 

 services and administers similar mortgage loans for other third-party portfolios, giving due consideration
to the customary and usual standards of practice of prudent institutional commercial and multifamily mortgage loan servicers servicing
their own mortgage loans with a view to the timely recovery of all payments of principal and interest under the Whole Loan or,
if the Whole Loan is a Defaulted Mortgage Loan, the maximization of timely recovery of principal and interest on a net present
value basis (determined in accordance with the Loan Documents or, in the event the Loan Documents are silent, at the Calculation
Rate) on the Mortgage Loan, and the best interests of the Trust and the Certificateholders and the Companion Loan Holders (as
a collective whole as if such Certificateholders and the Companion Loan Holders constituted a single lender), as determined by
the Master Servicer or the Special Servicer, as the case may be, in the exercise of its reasonable judgment; and

 

(a)          the same care, skill, prudence and diligence with which the Master Servicer or the Special Servicer, as the case may be, services
and administers commercial and multifamily mortgage loans owned, if any, by the Master Servicer or the Special Servicer, as the
case may be, with a view to the timely recovery of all payments of principal and interest under the Whole Loan or, if the Whole
Loan is a Defaulted Mortgage Loan, the maximization of timely recovery of principal and interest on a net present value basis
(determined in accordance with the Loan Documents or, in the event the Loan Documents are silent, at the Calculation Rate) on
the Whole Loan, and the best interests of the Trust and the Certificateholders and the Companion Loan Holders (as a collective
whole as if such Certificateholders and the Companion Loan Holders constituted a single lender), as determined by the Master Servicer
or the Special Servicer, as the case may be, in the exercise of its reasonable judgment, but without regard to any potential conflict
of interest arising from: (a) any relationship that the Master Servicer or the Special Servicer, as the case may be, or any
Affiliate of the Master Servicer or the Special Servicer, may have with the Borrower, the Trust Loan Sellers, the Companion Loan
Holders, any other party to this Agreement or any Affiliate of the foregoing; (b) the ownership of any Certificate or Companion
Loans, or any mezzanine loan related to the Whole Loan by the Master Servicer or the Special Servicer, as the case may be, or
any Affiliate of the Master Servicer or the Special Servicer; (c) the Master Servicer’s obligation to make Advances;
(d) the Master Servicer’s or the Special Servicer’s, as the case may be, right to receive compensation for its
services hereunder or with respect to any particular transaction; (e) the ownership, servicing or management for others of
any other mortgage loans or mortgaged properties by the Master Servicer or the Special Servicer or any Affiliate of the Master
Servicer or the Special Servicer, as applicable; and (f) any debt that the Master Servicer or the Special Servicer or any
Affiliate of the Master Servicer or the Special Servicer, as applicable, has extended to the Borrower or an Affiliate of the Borrower
(including, without limitation, any mezzanine financing).

 

“Servicing
Transfer Event”: An event specified in the definition of Specially Serviced Loan.

 

“Significant
Obligor NOI Quarterly Filing Deadline”: With respect to each calendar quarter (other than the fourth calendar quarter
of any calendar year), the date that is 15 days after

 

    -63-

     

    

 

 the distribution date under the related Other Pooling and Servicing Agreement
occurring on or immediately following the 45th day after the end of such calendar quarter.

 

“Significant
Obligor NOI Yearly Filing Deadline”: With respect to each calendar year, the date that is the 75th day after
the end of such calendar year.

 

“Similar
Law”: As defined in Section 5.02(k) of this Agreement.

 

“Sole
Owner”: Any Holder (or Holders, provided they act in unanimity) holding 100% of the then outstanding Certificates
(excluding the Class R and Class LR Certificates), or an assignment of the Voting Rights thereof.

 

“Special
Notice”: Any (a) notice transmitted to Certificateholders pursuant to Section 5.05(c) of this Agreement
and (b) notice of any request by at least 25% of the Voting Rights allocable to the Principal Balance Certificates to terminate
and replace the Special Servicer pursuant to Section 3.22(b) of this Agreement.

 

“Special
Servicer”: CWCapital Asset Management LLC, a Delaware limited liability company, or if any successor special servicer
is appointed as herein provided, such successor special servicer.

 

“Special
Servicer Termination Event”: As defined in Section 7.01(b) of this Agreement.

 

“Special
Servicing Compensation”: With respect to the Whole Loan, any of the Special Servicing Fee, Workout Fee, Liquidation
Fee and any other fees, charges or other amounts which shall be due to the Special Servicer.

 

“Special
Servicing Fee”: With respect to a Specially Serviced Loan (or REO Loan) for each calendar month (or portion thereof),
the fraction of the Special Servicing Fee Rate applicable to such month, or portion thereof (determined using the same interest
accrual methodology that is applied with respect to the Whole Loan Rate for such Specially Serviced Loan or REO Loan for such
month) multiplied by the Stated Principal Balance of such Specially Serviced Loan as of the Due Date (without giving effect to
all payments of principal on such Specially Serviced Loan or REO Loan on such Due Date) immediately preceding the applicable Distribution
Date (or, in the event that a Principal Prepayment in full or an event described in clauses (i)-(vii) under
the definition of Liquidation Proceeds has occurred with respect to a Specially Serviced Loan or REO Loan on a date that is not
a Due Date, on the basis of the actual number of days to elapse from and including the most recently preceding related Due Date
to but excluding the date of such Principal Prepayment or Liquidation Proceeds event in a month consisting of 30 days). For the
avoidance of doubt, the Special Servicing Fee shall be deemed for tax purposes as paid from the Lower-Tier REMIC.

 

“Special
Servicing Fee Rate”: A rate equal to 0.25% per annum.

 

    -64-

     

    

 

“Specially
Serviced Loan”: Subject to Section 3.23 of this Agreement, the Whole Loan if:

 

(a)         
a payment default shall have occurred on the Whole Loan at its Maturity Date or, if the Maturity Date of the Whole Loan has been
extended in accordance with this Agreement, a payment default occurs on the Whole Loan at such extended Maturity Date; provided that if (A) the Borrower is diligently seeking a refinancing commitment or sale of the Mortgaged Property (and delivers
a statement to that effect, within 30 days after such default, to the Master Servicer, which shall promptly deliver a copy to
the Special Servicer), (B) the Borrower continues to make its Assumed Scheduled Payment, and (C) no other Servicing
Transfer Event shall have occurred with respect to the Whole Loan, a Servicing Transfer Event will not occur until 60 days beyond
the Maturity Date, unless extended by the Special Servicer in accordance with the Loan Documents, this Agreement and the Co-Lender
Agreement; and provided, further, that if the Borrower delivers to the Master Servicer (which shall promptly deliver
a copy to the Special Servicer) on or before the 60th day after the related Maturity Date, a refinancing commitment, letter of
intent or otherwise binding application for refinancing or similar document, in each case from a lender reasonably acceptable
to the Master Servicer, or a signed purchase agreement reasonably acceptable to the Master Servicer, and the Borrower continues
to make its Assumed Scheduled Payments (and no other Servicing Transfer Event shall have occurred with respect to the Whole Loan),
a Servicing Transfer Event will not occur until the earlier of (1) 120 days beyond the related Maturity Date or extended
Maturity Date and (2) the termination of such refinancing commitment, letter of intent or otherwise binding application for
refinancing or similar document;

 

(b)          any Monthly Payment (other than a Balloon Payment) or any amount due on a monthly basis as an Escrow Payment or reserve fund deposit,
is 60 days or more delinquent;

 

(c)         
the Master Servicer or Special Servicer determines in its reasonable business judgment, exercised in accordance with the Servicing
Standard, that (x) a default consisting of a failure to make a payment of principal or interest is reasonably foreseeable
or there is a significant risk of such default or (y) any other default that is likely to impair the use or marketability
of the Mortgaged Property or the value of the Mortgaged Property as security for the Whole Loan is reasonably foreseeable or there
is a significant risk of such default, which monetary or other default, in either case, would likely continue unremedied beyond
the applicable grace period (or, if no grace period is specified, for a period of 60 days) and is not likely to be cured by the
Borrower within 60 days or, except as provided in clause (a) above, in the case of a Balloon Payment, for at least
30 days;

 

(d)          the Borrower has become a subject of 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, or the appointment
of a conservator, receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar
proceedings, or for the winding-up or liquidation of its affairs;

 

    -65-

     

    

 

(e)         
the Borrower consents to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling
of assets and liabilities or similar proceedings of or relating to the Borrower of or relating to all or substantially all of
its property;

 

(f)          
the Borrower admits in writing its inability to pay its debts generally as they become due, files a petition to take advantage
of any applicable insolvency or reorganization statute, makes an assignment for the benefit of its creditors, or voluntarily suspends
payment of its obligations;

 

(g)          a default, of which the Master Servicer or Special Servicer has notice (other than a failure by the Borrower to pay principal
or interest) and that in the opinion of the Master Servicer or Special Servicer materially and adversely affects the interests
of the Certificateholders or any Companion Loan Holder, occurs and remains unremedied for the applicable grace period specified
in the Loan Documents (or if no grace period is specified for those defaults which are capable of cure, 60 days);

 

(h)          the Master Servicer or Special Servicer receives notice of the foreclosure or proposed foreclosure of any lien on the Mortgaged
Property; or

 

(i)          
the Master Servicer or the Special Servicer receives actual notice that the Borrower has violated any “due-on-sale”
or “due-on-encumbrance” provision in the related Loan Documents;

 

provided,
however, that the Whole Loan will cease to be a Specially Serviced Loan (a “Corrected Mortgage Loan”)
(i) with respect to the circumstances described in clauses (a) and (b) above, when the Borrower has
brought the Whole Loan current and thereafter made three consecutive full and timely Monthly Payments, including pursuant to any
workout of the Whole Loan, (ii) with respect to the circumstances described in clauses (c), (d), (e),
(f) and (h) above, when such circumstances cease to exist in the good faith judgment of the Special Servicer,
or (iii) with respect to the circumstances described in clauses (g) and (i) above, when such default is
cured (as determined by the Special Servicer in accordance with the Servicing Standard) or waived by the Special Servicer; provided,
in each case, that at that time no circumstance exists (as described above) that would cause the Whole Loan to continue to be
characterized as a Specially Serviced Loan.

 

“Sponsors”:
The Trust Loan Sellers.

 

“Startup
Day”: In the case of the Upper-Tier REMIC and Lower-Tier REMIC, the day designated as such pursuant to Section 2.06(a) of this Agreement.

 

“Stated
Principal Balance”: With respect to the Trust Loan, a Companion Loan or the Whole Loan, on any date of determination,
the principal balance as of the Cut-off Date of such Trust Loan, Companion Loan or Whole Loan, as reduced (to not less than zero)
on each Distribution Date by (i) all payments (or P&I Advances or Companion Loan Advances in lieu thereof) of, and all
other collections allocated as provided in Section 1.02 of this Agreement to, principal of or with respect to such
Trust Loan, Companion Loan or Whole Loan, as applicable, that are distributed to Certificateholders on such Distribution Date
or Companion Loan Holders

 

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on the related remittance date in the same calendar month as such Distribution Date or applied to any
other payments required under this Agreement or the Co-Lender Agreement on or prior to such Distribution Date, and (ii) any
principal forgiven by the Special Servicer and other principal losses realized in respect of such Trust Loan, Companion Loan or
Whole Loan during the related Collection Period.

 

The
Trust Loan or the REO Loan shall be deemed to be part of the Trust Fund and to have an outstanding Stated Principal Balance until
the Distribution Date on which Liquidation Proceeds, if any, are to be (or, if no such Liquidation Proceeds are received, would
have been) distributed to Certificateholders. The Stated Principal Balance of the Whole Loan with respect to which the Master
Servicer or Special Servicer has made a Final Recovery Determination is zero.

 

“Subcontractor”:
Any vendor, subcontractor or other Person that is not responsible for the overall servicing (as “servicing” is commonly
understood by participants in the mortgage-backed securities market) of Whole Loan but performs one or more discrete functions
identified in Item 1122(d) of Regulation AB with respect to Whole Loan under the direction or authority of the Master
Servicer or a Servicing Function Participant.

 

“Sub-Servicer”:
Any Person engaged by the Master Servicer or the Special Servicer to perform Servicing with respect to the Whole Loan or REO Loan.

 

“Sub-Servicing
Agreement”: The written contract between the Master Servicer or the Special Servicer, on the one hand, and any Sub-Servicer,
on the other hand, relating to servicing and administration of the Whole Loan as provided in Section 3.01(c) of this
Agreement.

 

“Subordinate
Consultation Period”: Any period when both (i) the Certificate Balance of the Class E Certificates (taking
into account the application of any Appraisal Reduction Amounts and Collateral Deficiency Amounts to notionally reduce the
Certificate Balance of such Certificates) is less than 25% of the initial Certificate Balance of the Class E Certificates and
(ii) the Certificate Balance of the Class E Certificates (without regard to the application of any Appraisal Reduction
Amounts and Collateral Deficiency Amounts allocated to the Class E Certificates) is at least 25% of the initial Certificate
Balance of the Class E Certificates. If the Directing Holder or the Majority Controlling Class Certificateholder (by
Certificate Balance) become a Borrower Related Party, a Subordinate Consultation Period shall be deemed to be terminated
(except for the purposes of determining whether the Directing Holder or a Controlling Class Certificateholder has the right
to appoint the successor special servicer to a Special Servicer that has become a Borrower Related Party pursuant to Section 3.22(f)).

 

“Subordinate
Control Period”: Any period when the Certificate Balance of the Class E Certificates (taking into account the application
of any Appraisal Reduction Amounts and Collateral Deficiency Amounts to notionally reduce the Certificate Balance of such Certificates)
is at least 25% of the initial Certificate Balance of the Class E Certificates; provided that if at any time the Certificate
Balances of the Class A, Class B, Class C and Class D Certificates have been reduced to zero as a result of the
allocation of principal payments on the Trust Loan, then a Subordinate Control Period shall be deemed to then be in effect. If
the Directing Holder or the Majority Controlling Class Certificateholder become a Borrower Related Party, a Subordinate Control
Period shall be deemed to be terminated (except for the purposes of determining whether the Directing Holder or a Controlling
Class Certificateholder has the right to appoint the successor

 

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special
servicer to a Special Servicer that has become a Borrower Related Party pursuant to Section 3.22(f)).

 

“Tax
Returns”: The federal income tax returns on IRS Form 1066, U.S. Real Estate Mortgage Investment Conduit (REMIC) Income
Tax Return, including Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC Taxable Income or Net Loss
Allocation, or any successor forms, to be filed by the Certificate Administrator on behalf of each of the Upper-Tier REMIC and
the Lower-Tier REMIC due to its classification as a REMIC under the REMIC Provisions, together with any and all other information,
reports or returns that may be required to be furnished to the Certificateholders or filed with the IRS or any other governmental
taxing authority under any applicable provisions of federal law or Applicable State and Local Tax Law.

 

“Terminated
Party”: As defined in Section 7.01(d) of this Agreement.

 

“Terminating
Party”: As defined in Section 7.01(d) of this Agreement.

 

“Termination
Date”: The Distribution Date on which the Trust Fund is terminated pursuant to Section 9.01 of this Agreement.

 

“Third
Party Appraiser”: A Person performing an Appraisal.

 

“Third
Party Reports”: With respect to the Mortgaged Property, the related Appraisal, Phase I Environmental Report, seismic
report (if any), engineering report, structural report, property condition report or similar report, if any.

 

“Transfer”:
Any direct or indirect transfer or other form of assignment of any Ownership Interest in a Class R or Class LR Certificate.

 

“Transfer
Restriction Period”: For so long as the Credit Risk Retention Rule is in effect, the period from the Closing Date to
the latest of (a) the latest of (i) the date on which the total unpaid principal balance of the Trust Loan has been
reduced to 33% of the total unpaid principal balance of the Trust Loan as of the Cut-off Date; (ii) the date on which the
total outstanding Certificate Balance of the Certificates has been reduced to 33% of the total outstanding Certificate Balance
of the Certificates as of the Closing Date; and (iii) two years after the Closing Date, and (b) in the sole discretion
of the Retaining Sponsor, the provisions of the Credit Risk Retention Rule applicable to the Retaining Parties and this securitization
transaction are repealed in their entirety or are otherwise eliminated and the Retaining Sponsor has determined that such repeal
or elimination renders the Credit Risk Retention Rule in its entirety inapplicable to this securitization transaction.

 

“Transferee
Affidavit”: As defined in Section 5.02(l)(ii) of this Agreement.

 

“Transferor
Certificate”: As defined in Section 5.02(l)(ii) of this Agreement.

 

“Trust”
or “Trust Fund”: The corpus of the trust created hereby and to be administered hereunder, consisting of (in
each case, to the extent of the Trust Fund’s interest therein and specifically excluding any interest of the Companion Loan
Holders therein): (i) the Trust Loan, together with the Mortgage File relating thereto; (ii) all scheduled or unscheduled

 

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payments on or collections in respect of the Trust Loan due after the Cut-off Date; (iii) any REO Property; (iv) all
revenues received in respect of any REO Property; (v) any indemnities or guaranties given as additional security for the
Trust Loan; (vi) a security interest in all assets deposited in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts,
and Reserve Accounts; (vii) amounts on deposit in the Collection Account attributable to the Trust Loan as identified on
the Trust Ledger, the Distribution Accounts, the Interest Reserve Account or the REO Account, including any reinvestment income,
as applicable; (viii) a security interest in any environmental indemnity agreements relating to the Mortgaged Property; (ix) a
security interest in all insurance policies with respect to the Trust Loan and the Mortgaged Property; (x) the rights and
remedies under the Trust Loan Purchase Agreements relating to document delivery requirements with respect to the Trust Loan and
the representations and warranties of the Trust Loan Sellers regarding the Trust Loan; (xi) the Lower-Tier Regular Interests;
and (xii) the proceeds of the foregoing (other than any interest earned on deposits in the Lock-Box Accounts, Cash Collateral
Accounts, Escrow Accounts and any Reserve Accounts, to the extent such interest belongs to the Borrower). The Trust shall be named
“CPTS 2019-CPT Mortgage Trust”.

 

“Trust
Ledger”: Amounts deposited in the Collection Account attributable to the Whole Loan, which are maintained pursuant to
Section 3.06 of this Agreement and held on behalf of the Trustee on behalf of the Certificateholders and the Companion
Loan Holders.

 

“Trust
Loan”: The portion of the Whole Loan evidenced by the Senior Trust Notes and the Junior Notes, which is transferred
and assigned to the Trustee pursuant to Section 2.01 of this Agreement and held in the Trust Fund. The Trust Loan
originally so transferred, assigned and held is identified on the Mortgage Loan Schedule as of the Closing Date. The term “Trust
Loan” also includes an REO Loan, unless the context clearly indicates otherwise.

 

“Trust
Loan Purchase Agreements”: Each of the GACC Trust Loan Purchase Agreement, the WFB Trust Loan Purchase Agreement and
the MSMCH Trust Loan Purchase Agreement.

 

“Trust
Loan Rate”: With respect to the Trust Loan and any Whole Loan Interest Accrual Period, the weighted average (based on
the outstanding principal balances of the Trust Notes) of the annual rates at which interest accrues on the Trust Notes during
such period (in the absence of a default), as set forth in the related Trust Notes from time to time.

 

“Trust
Loan Seller Percentage Interest”: As to GACC, an approximately 42.42424242424242% interest in the Trust Loan, as to
WFB, an approximately 28.78787878787879% interest in the Trust Loan and as to MSMCH, an approximately 28.78787878787879% interest
in the Trust Loan.

 

“Trust
Loan Seller Transferred Interests”: (a) In the case of GACC, the portion of the Trust Loan evidenced by the Notes
respectively bearing the designations Note A-1-S1, Note A-1-S2, Note A-1-S3 and Note B-1, (b) in the case of MSMCH, the portion
of the Trust Loan evidenced by the Notes respectively bearing the designations Note A-2-S1, Note A-2-S2, Note A-2-S3, Note A-2-C1,
Note A-2-C3, Note A-2-C4 and Note B-2 and (c) in the case of WFB, the portion of the Trust Loan evidenced by the Notes respectively
bearing the designations Note A-3-S1, Note A-3-S2, Note A-3-S3, Note A-3-C1, Note A-3-C3 and Note B-3.

 

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“Trust
Loan Sellers”: GACC, WFB and MSMCH.

 

“Trust
Notes”: Collectively, as of any date of determination, the notes or other evidence of indebtedness and/or agreements
evidencing the indebtedness of the Borrower under the Trust Loan including any amendments or modifications, or any renewal or
substitution note, as of such date. As of the Cut-off Date, the Senior Trust Notes and the Junior Notes constitute the Trust Notes.

 

“Trust
REMICs”: The Lower-Tier REMIC and the Upper-Tier REMIC.

 

“Trustee”:
Wilmington Trust, National Association, a national banking association, in its capacity as Trustee, or its successor in interest,
or any successor Trustee appointed as herein provided.

 

“Trustee/Certificate
Administrator Fee”: With respect to the Trust Loan and for any Distribution Date, an amount per Certificate Interest
Accrual Period equal to interest at the Trustee/Certificate Administrator Fee Rate accrued on the Stated Principal Balance of
the Trust Loan as of the Due Date in the related Collection Period (without giving effect to payments of principal on the Trust
Loan on such Due Date). The Trustee/Certificate Administrator Fee shall be calculated in accordance with the provisions of Section 1.02(a) of this Agreement. A monthly fee shall be paid by the Certificate Administrator to the Trustee as the Trustee’s fee,
which amount shall be paid from the Trustee/Certificate Administrator Fee.

 

“Trustee/Certificate
Administrator Fee Rate”: A rate equal to 0.00470% per annum.

 

“Trustee
Indemnification Agreement”: The agreement dated as of the Pricing Date, among the Trustee, the Depositor and the Initial
Purchasers.

 

“Underwriter
Exemption”: With respect to (i) Deutsche Bank Securities Inc., Department of Labor Final Authorization Number 97-03E
(December 9, 1996), (ii) Wells Fargo Securities, LLC, as Prohibited Transaction Exemption 96 22, 61 Fed. Reg. 14,828 (April 3,
1996) and (iii) Morgan Stanley & Co. LLC, Prohibited Transaction Exemption 90-24, 55 Fed. Reg. 20,548 (May 17, 1990),
each as most recently amended by Prohibited Transaction Exemption 2013-08 and as further amended by the Department of Labor from
time to time.

 

“Unscheduled
Payments”: With respect to the Whole Loan and a Collection Period, all Net Liquidation Proceeds, all Net Condemnation
Proceeds and Net Insurance Proceeds payable under the Trust Loan or the Whole Loan, as applicable, the Repurchase Price or purchase
price if the Trust Loan is repurchased or purchased pursuant to Section 2.03(e), Section 3.16 or Section 9.01 of this Agreement or by a mezzanine lender, any indemnification payment made by the Trust Loan Sellers as a result of a Material
Breach or Material Document Defect pursuant to Section 2.03(e) of this Agreement and any other payments under or with
respect to the Trust Loan or the Whole Loan, as applicable, not scheduled to be made, including Principal Prepayments received
by the Master Servicer (but excluding Prepayment Charges, if any) during such Collection Period.

 

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“Updated
Appraisal”: An Appraisal of the Mortgaged Property or REO Property, as the case may be, conducted subsequent to any
appraisal performed on or prior to the Cut-off Date and in accordance with Appraisal Institute standards, the costs of which shall
be paid as a Property Advance by the Master Servicer. Updated Appraisals shall be conducted by an Independent MAI appraiser selected
by the Special Servicer.

 

“Upper-Tier
Distribution Account”: The segregated non-interest bearing trust account or sub-account created and maintained by the
Certificate Administrator pursuant to Section 3.05(d) of this Agreement, which shall be entitled “Wells Fargo
Bank, National Association, as Certificate Administrator, for the benefit of Wilmington Trust, National Association, as Trustee,
in trust for the benefit of the Holders of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates, Upper-Tier
Distribution Account” and which must be an Eligible Account or a sub-account of an Eligible Account. The Upper-Tier Distribution
Account shall be an asset of the Upper-Tier REMIC.

 

“Upper-Tier
REMIC”: A segregated asset pool within the Trust Fund consisting of the Lower-Tier Regular Interests, the Upper-Tier
Distribution Account and amounts held therein from time to time.

 

“U.S.
Person”: A citizen or resident of the United States, a corporation, partnership (except to the extent provided in applicable
Treasury Regulations), or other entity created or organized in or under the laws of the United States, any state thereof or the
District of Columbia, including any entity treated as a corporation or partnership for federal income tax purposes, an estate
whose income is subject to United States federal income tax regardless of its source, or a trust if a court within the United
States is able to exercise primary supervision over the administration of such trust, and one or more such U.S. Persons have the
authority to control all substantial decisions of such trust (or, to the extent provided in applicable Treasury Regulations, certain
trusts in existence on August 20, 1996 that have elected to be treated as U.S. Persons).

 

“Voting
Rights”: The portion of the voting rights of all Principal Balance Certificates that is allocated to any Certificateholder
or Class of Certificateholders. At all times during the term of this Agreement, the percentage of Voting Rights assigned to each
Class (other than the Class R Certificates) shall be: (a) 98% to be allocated among the Certificateholders of the respective
Classes of Principal Balance Certificates in proportion to the Certificate Balances of their Certificates, (b) 2% to be allocated
among the Certificateholders of the Class X Certificates for as long as any of the Class X Certificates are outstanding,
and (c) except as otherwise set forth in this Agreement with respect to any particular matter, 0%, in the case of the Class
R and Class LR Certificates. Voting Rights allocated to a Class of Certificates shall be allocated among Certificateholders
of such Class in proportion to their respective Percentage Interests.

 

“VRR
Allocation Percentage”: The VRR Percentage divided by the Non-VRR Percentage.

 

“VRR
Available Funds”: With respect to any Distribution Date, an amount equal to the VRR Percentage of the Available Funds
for such Distribution Date.

 

“VRR
Interest”: All of the Class VRR Certificates collectively.

 

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“VRR
Interest Distribution Amount”: With respect to any Distribution Date, an amount equal to the product of (A) the VRR
Allocation Percentage and (B) the aggregate amount of interest distributed on the Non-VRR Certificates according to clauses First,
Fifth, Ninth, Thirteenth and Seventeenth of Section 4.01(b).

 

“VRR
Interest Owner”: A Person who owns any portion of the VRR Interest, as identified to the Certificate Administrator in
writing. DBNY, WFB and MSBNA are the VRR Interest Owners of 42.42424242424242%, 28.78787878787879% and 28.78787878787879%, respectively,
of the VRR Interest as of the Closing Date. Until it receives notice to the contrary in the form of both Exhibit C-3 and Exhibit
C-4 hereto pursuant to Section 5.02(n), the Certificate Administrator shall be entitled to rely on the preceding sentence
with respect to the identity of the VRR Interest Owners and, thereafter, the Certificate Administrator shall be entitled to rely
on the most recent notification in the form of notice of the new owner and submission of both Exhibit C-3 and Exhibit C-4 hereto
pursuant to Section 5.02(n) with respect to the identity of the VRR Interest Owners.

 

“VRR
Percentage”: A fraction, expressed as a percentage, the numerator of which is the initial Certificate Balance of the
VRR Interest, and the denominator of which is the aggregate initial Certificate Balance of all of the Classes of Principal Balance
Certificates and the VRR Interest.

 

“VRR
Principal Distribution Amount”: With respect to any Distribution Date, an amount equal to the product of (A) the
VRR Allocation Percentage and (B) the aggregate amount of principal distributed on the Non-VRR Certificates according to clauses
Third, Seventh, Eleventh, Fifteenth, Nineteenth and Twenty-Third and the last paragraph of Section 4.01(b).

 

“VRR
Realized Loss”: The amount of Realized Losses that will be allocated to the VRR Interest on each Distribution Date and
which will be equal to the VRR Percentage of the Realized Losses with respect to such Distribution Date.

 

“VRR
Realized Loss Interest Distribution Amount”: With respect to any Distribution Date, an amount equal to the product of
(A) the VRR Allocation Percentage and (B) the aggregate amount of interest on reimbursed Realized Losses distributed on such
Distribution Date.

 

“VRR1
Interest”: As defined in the Preliminary Statement.

 

“VRR1
Risk Retention Consultation Party”: The Risk Retention Consultation Party selected by the holder of the majority of
the VRR1 Interest, by Certificate Balance, as determined by the Certificate Registrar from time to time.

 

“VRR2
Interest”: As defined in the Preliminary Statement.

 

“VRR2
Risk Retention Consultation Party”: The Risk Retention Consultation Party selected by the holder (or group of affiliated
holders) of the majority of the VRR2 Interest, by Certificate Balance, as determined by the Certificate Registrar from time to
time.

 

“VRR3
Interest”: As defined in the Preliminary Statement.

 

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“VRR3
Risk Retention Consultation Party”: The Risk Retention Consultation Party selected by the holder of the majority of
the VRR3 Interest, by Certificate Balance, as determined by the Certificate Registrar from time to time.

 

“WFB”:
Wells Fargo Bank, National Association, and its successors in interest.

 

“WFB
Indemnification Agreement”: The agreement dated as of the Pricing Date, among WFB, the Depositor and the Initial Purchasers.

 

“WFB
Trust Loan Purchase Agreement”: The Trust Loan Purchase Agreement dated and effective the Cut-off Date, between WFB
and the Depositor.

 

“Whole
Loan”: Collectively, the Trust Loan and the Companion Loans. References herein to the Whole Loan shall be construed
to refer to the aggregate indebtedness under the Notes respectively bearing the designations Note A-1-S1, Note A-1-S2, Note A-1-S3,
Note A-2-S1, Note A-2-S2, Note A-2-S3, Note A-3-S1, Note A-3-S2, Note A-3-S3, Note A-1-C1, Note A-1-C2, Note A-1-C3, Note A-1-C4,
Note A-1-C5, Note A-1-C6, Note A-1-C7, Note A-1-C8, Note A-2-C1, Note A-2-C2, Note A-2-C3, Note A-2-C4, Note A-2-C5, Note A-2-C6,
Note A-2-C7, Note A-3-C1, Note A-3-C2, Note A-3-C3, Note A-3-C4, Note A-3-C5, Note B-1, Note B-2 and Note B-3.

 

“Whole
Loan Interest Accrual Period”: With respect to the Whole Loan, the period commencing on the 9th day of each calendar
month during the term of the Whole Loan and ending on and including the 8th day of the next occurring calendar month.

 

“Whole
Loan Rate”: With respect to the Whole Loan and any Whole Loan Interest Accrual Period, the weighted average (based on
the outstanding principal balances of the Notes) of the annual rates at which interest accrues on the Notes during such period
(in the absence of a default), as set forth in the Notes from time to time.

 

“Withheld
Amount”: With respect to the Trust Loan and with respect to each Distribution Date occurring in January of each calendar
year that is not a leap year and February of each calendar year, unless in either case such Distribution Date is the final Distribution
Date, an amount equal to one day’s interest at the Net Mortgage Rate on the Stated Principal Balance as of the Due Date
in the month preceding the month in which such Distribution Date occurs, to the extent that a Monthly Payment or a P&I Advance
is made in respect thereof.

 

“Workout
Fee”: An amount equal to 0.50% of each collection of interest and principal (including scheduled payments, prepayments
(provided that a repurchase by the Trust Loan Sellers of their respective Trust Loan Seller Transferred Interest in the
Trust Loan due to a Material Document Defect or a Material Breach shall not be considered a prepayment for purposes of this definition
if the Trust Loan Seller repurchases the Trust Loan within the resolution time period set forth in Section 2.03(e)
of this Agreement (and giving effect to any applicable extension period beyond the end of the Initial Resolution Period set forth
in Section 2.03(e) of this Agreement)), Balloon Payments and payments at maturity, but excluding late payment charges
and Default Interest) received if the Whole Loan is a Specially Serviced Loan that becomes a Corrected Mortgage Loan for so long
as it remains a Corrected Mortgage Loan, pursuant to Section 3.12(c) of this Agreement; provided, further,
that no Workout Fee shall be payable by the Trust with respect to any Corrected Mortgage Loan if and to the extent that the Corrected
Mortgage

 

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Loan became a Specially Serviced Loan under clause (c) of the definition of “Specially Serviced Loan”
and no event of default actually occurs, unless the Whole Loan is modified by the Special Servicer in accordance with the terms
of this Agreement or the Whole Loan subsequently qualifies as a Specially Serviced Loan for a reason other than under clause (c) of the definition thereof; provided, further that if the Whole Loan becomes a Specially Serviced Loan only because
of an event described in clause (a) of the definition of “Specially Serviced Loan” and the related collection
of principal and interest is received within three (3) months following the related maturity date as a result of the Whole Loan
being refinanced or otherwise repaid in full, the Special Servicer shall not be entitled to collect a Workout Fee out of the proceeds
received in connection with such workout if such fee would reduce the amount available for distributions to Certificateholders,
but the Special Servicer may collect from the Borrower and retain (x) a workout fee, (y) such other fees as are provided
for in the Loan Documents and (z) other appropriate fees in connection with such workout. The total amount of Workout Fees
payable by the Trust with respect to the Corrected Mortgage Loan and with respect to any particular workout (assuming, for the
purposes of this calculation, that the Corrected Mortgage Loan continues to perform throughout its term in accordance with the
terms of the related workout) shall be reduced by the amount of any and all Offsetting Modification Fees received by the Special
Servicer as additional servicing compensation relating to the Corrected Mortgage Loan; provided that the Special Servicer
shall be entitled to collect such Workout Fees from the Trust until such time it has been fully paid such reduced amount. For
the avoidance of doubt, the Trust Loan Sellers shall pay a Workout Fee in connection with a repurchase to the extent the Special
Servicer was entitled to such a fee and such fee was unpaid immediately prior to such repurchase or was previously paid by the
Trust and was not reimbursed by the Borrower immediately prior to such repurchase. In furtherance of the foregoing, upon the Specially
Serviced Loan becoming a Corrected Mortgage Loan, the Special Servicer shall provide the Master Servicer with a calculation of
the total amount of Workout Fees expected to be payable by the Trust with respect to the Corrected Mortgage Loan throughout its
term (which calculation shall be reasonably acceptable to the Master Servicer) and the total amount of Offsetting Modification
Fees received by the Special Servicer.

 

Section 1.02       
Certain Calculations. Unless otherwise specified herein, the following provisions shall apply:

 

(a)          All calculations of interest with respect to the Whole Loan (and of Advances in respect thereof) provided for herein shall be
made on Actual/360 Basis. The Servicing Fee, the Trustee/Certificate Administrator Fee and the CREFC® License Fee
for the Trust Loan shall accrue on the same basis as interest accrues on the Whole Loan. Each Class of Non-VRR Certificates will
accrue interest on a 30/360 basis.

 

(b)          Any Whole Loan payment is deemed to be received on the date such payment is actually received by the Master Servicer or the Certificate
Administrator; provided, however, that for purposes of calculating distributions on the Certificates and Prepayment
Interest Excess, Principal Prepayments with respect to the Whole Loan are deemed to be received on the date they are applied in
accordance with Section 3.01(b) of this Agreement to reduce the Stated Principal Balance of the Whole Loan on which
interest accrues.

 

(c)          
Except as otherwise provided in the Loan Documents or the Co-Lender Agreement, any amounts received in respect of the Whole
Loan as to which a default has occurred

 

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and is continuing in excess of Monthly Payments shall be applied to Default Interest and
other amounts due on the Whole Loan prior to the application to late fees.

 

(d)          Allocations of payments between the Trust Loan and the related Companion Loans shall be made in accordance with the Co-Lender
Agreement.

 

(e)          
All amounts collected by or on behalf of the Trust in respect of the Whole Loan in the form of payments from the Borrower, Liquidation
Proceeds, Condemnation Proceeds or Insurance Proceeds (exclusive of any amounts payable to the Companion Loan Holders pursuant
to the Co-Lender Agreement) shall be allocated to amounts due and owing under the Loan Documents (including for principal
and accrued and unpaid interest) in accordance with the express provisions of the Loan Documents and the Co-Lender Agreement;
provided, however, that absent such express provisions, all such amounts collected (exclusive of any amounts payable
to the Companion Loan Holders pursuant to the Co-Lender Agreement) shall be deemed to be allocated for purposes of collecting
amounts due under the Whole Loan in the following order of priority:

 

(i)          
as a recovery of any unreimbursed Advances with respect to the Trust Loan or Whole Loan with respect to Property Advances or Nonrecoverable
Advances and unpaid interest at the Advance Rate on such Advances and, if applicable, unreimbursed and unpaid Additional Trust
Fund Expenses with respect to the Whole Loan;

 

(ii)          as a recovery of Nonrecoverable Advances and any interest at the Advance Rate thereon, to the extent previously allocated to principal
collections with respect to the Trust Loan or Whole Loan, as applicable;

 

(iii)         to the extent not previously allocated pursuant to clause (i) and clause (ii) above, as a recovery of accrued
and unpaid interest on the Trust Loan (exclusive of Default Interest) to the extent of the excess of (A) accrued and unpaid
interest on the Trust Loan at the Trust Loan Rate to, but not including, the date of receipt by or on behalf of the Trust (or,
in the case of a full Monthly Payment from the Borrower, through the related Due Date), over (B) the sum of (1) after taking
into account any allocations pursuant to Section 1.02(f)(v) on earlier dates, the aggregate portion of the accrued
and unpaid interest described in subclause (A) of this Section 1.02(e)(iii) that (a)(x) was not advanced
because of the reductions (if any) in the amount of the interest portion of the related P&I Advances for the Trust Loan that
have theretofore occurred under Section 4.07(e) of this Agreement in connection with Appraisal Reduction Amounts with
respect to any accrued and unpaid interest or (y) was not advanced due to a determination that the related P&I Advance would
be a Nonrecoverable Advance, but (in the case of this clause (y)) only up to the amount of interest that (absent such determination
of nonrecoverability preventing such P&I Advance from being made) would nonetheless not have been advanced because of the
reductions in the amount of the related P&I Advances for the Trust Loan that would have occurred in connection with related
Appraisal Reduction Amounts, and (b) Accrued AB Loan Interest allocable to the Trust Loan;

 

(iv)         to the extent not previously allocated pursuant to clause (i) and clause (ii) above, as a recovery of principal
of the Trust Loan then due and owing, including by reason of acceleration of the Trust Loan following a default thereunder (or,
if the Trust Loan has

 

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 been liquidated, as a recovery of principal to the extent of its entire remaining unpaid principal balance);

 

(v)          as a recovery of (a) accrued and unpaid interest on the Trust Loan to the extent of the cumulative amount of the reductions
(if any) in the amount of the interest portion of P&I Advances for the Trust Loan that have occurred under Section 4.07(e) of this Agreement in connection with related Appraisal Reduction Amounts or would have occurred in connection with related
Appraisal Reduction Amounts but for such P&I Advances not having been made as a result of a determination by the Master Servicer
that such P&I Advances would have been Nonrecoverable Advances, and (b) Accrued AB Loan Interest (in each of clause
(a) and (b), to the extent that collections have not been allocated as a recovery of accrued and unpaid interest pursuant
to this clause (v) on earlier dates);

 

(vi)         as a recovery of amounts to be currently allocated to the payment of, or escrowed for the future payment of, real estate taxes,
assessments and insurance premiums and similar items relating to the Whole Loan (and allocable to the Trust Loan);

 

(vii)        as a recovery of any other reserves to the extent then required to be held in escrow with respect to the Whole Loan (and allocable
to the Trust Loan);

 

(viii)       as a recovery of any Prepayment Charges then due and owing under the Trust Loan;

 

(ix)         
as a recovery of any late payment charges and Default Interest then due and owing under the Whole Loan (and allocable to the Trust
Loan);

 

(x)          
as a recovery of any Assumption Fees, assumption application fees and Modification Fees then due and owing under the Whole Loan;

 

(xi)          as a recovery of any other amounts then due and owing under the Trust Loan other than remaining unpaid principal; and

 

(xii)         as a recovery of any remaining principal of the Trust Loan to the extent of its entire remaining unpaid principal balance;

 

provided that, to the extent required under the REMIC Provisions of the Code, payments or proceeds received with respect to any partial
release of the Mortgaged Property (including following a condemnation) at a time when the loan-to-value ratio of the Whole Loan
exceeds 125% (based solely on the value of real property and excluding personal property and going concern value) must be allocated
to reduce the principal balance of the Whole Loan in the manner permitted by such REMIC Provisions.

 

(f)          
Collections by or on behalf of the Trust in respect of the REO Property (exclusive of amounts to be allocated to the payment of
the costs of operating, managing, leasing, maintaining and disposing of the REO Property and exclusive of any amounts payable
to the Companion Loan Holders pursuant to the Co-Lender Agreement) shall be deemed to be allocated for purposes of collecting
amounts due under the Whole Loan in the following order of priority:

 

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(i)          
as a recovery of any unreimbursed Advances with respect to the Trust Loan or Whole Loan with respect to Property Advances or Nonrecoverable
Advances and unpaid interest at the Advance Rate on such Advances and, if applicable, unreimbursed and unpaid Additional Trust
Fund Expenses with respect to the Whole Loan;

 

(ii)          as a recovery of Nonrecoverable Advances and any interest at the Advance Rate thereon to the extent previously allocated to principal
collections with respect to the Trust Loan or Whole Loan, as applicable;

 

(iii)         to the extent not previously allocated pursuant to clause (i) and clause (ii) above, as a recovery of accrued and
unpaid interest on the Trust Loan (exclusive of Default Interest) to the extent of the excess of (A) accrued and unpaid interest
on the Trust Loan at the Trust Loan Rate to, but not including, the date of receipt by or on behalf of the Trust (or, in the case
of a full Monthly Payment from the Borrower, through the related Payment Date), over (ii) the sum of (1) after taking into account
any allocations pursuant to Section 1.02(f)(v) or Section 1.02(e)(v) on earlier dates, the aggregate portion
of the accrued and unpaid interest described in subclause (i) of this Section 1.02(f)(iii) that (a)(x) was not advanced
because of the reductions (if any) in the amount of the interest portion of the related P&I Advances for the Trust Loan that
have occurred in connection with related Appraisal Reduction Amounts with respect to any accrued and unpaid interest or (y) was
not advanced due to a determination that the related P&I Advance would be a Nonrecoverable Advance, but (in the case of this
clause (y)) only up to the amount of interest that (absent such determination of nonrecoverability preventing such P&I Advance
from being made) would nonetheless not have been advanced because of the reductions in the amount of the related P&I Advances
for the Trust Loan that would have occurred in connection with related Appraisal Reduction Amounts, and (2) Accrued AB Loan
Interest allocable to the Trust Loan;

 

(iv)         to the extent not previously allocated pursuant to clause (i) and clause (ii) above, as a recovery of principal
of the Trust Loan to the extent of its entire unpaid principal balance;

 

(v)         
as a recovery of (a) accrued and unpaid interest on the Trust Loan to the extent of the cumulative amount of the reductions
(if any) in the amount of the interest portion of P&I Advances for the Trust Loan that have occurred under Section 4.07(e) of this Agreement in connection with related Appraisal Reduction Amounts or would have occurred in connection with related
Appraisal Reduction Amounts but for such P&I Advances not having been made as a result of a determination by the Master Servicer
that such P&I Advances would have been Nonrecoverable Advances and (b) Accrued AB Loan Interest (in each of clause
(a) and (b), to the extent that collections have not theretofore been allocated as a recovery of accrued and unpaid
interest pursuant to this clause (v) or Section 1.02(e)(v) on earlier dates);

 

(vi)         as a recovery of any Prepayment Charge then due and owing under the Trust Loan;

 

(vii)        as a recovery of any late payment charges and Default Interest then due and owing under the Whole Loan (and allocable to the Trust
Loan);

 

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(viii)       as a recovery of any Assumption Fees, assumption application fees and Modification Fees then due and owing under the Whole Loan;
and

 

(ix)         
as a recovery of any other amounts then due and owing under the Trust Loan other than remaining unpaid principal.

 

(g)          The applications of amounts received in respect of the Trust Loan pursuant to paragraph (e) of this Section 1.02 shall
be determined by the Master Servicer in accordance with the Servicing Standard. The applications of amounts received in respect
of the Trust Loan or any REO Property pursuant to paragraph (f) of this Section 1.02 shall be determined by the Special
Servicer in accordance with the Servicing Standard.

 

(h)          All net present value calculations and determinations made hereunder with respect to the Trust Loan or the Mortgaged Property
or REO Property (including for purposes of the definition of “Servicing Standard”) shall be made in accordance with
the Loan Documents or, in the event the related Loan Documents are silent, using the Calculation Rate.

 

Section 1.03    
Certain Constructions. For purposes of this Agreement, references to the most or next most subordinate Class of Certificates
outstanding at any time shall mean the most or next most subordinate Class of Certificates then outstanding as among the Class
A, Class X, Class B, Class C, Class D, Class E and Class F Certificates. For purposes of this Agreement, each Class
of Certificates (other than the Class LR and Class R Certificates) shall be deemed to be outstanding only to the extent
its respective Certificate Balance or Notional Amount, as applicable, has not been reduced to zero. For purposes of this Agreement,
the Class R and Class LR Certificates shall be outstanding so long as the Trust Fund has not been terminated pursuant
to Section 9.01 of this Agreement or any other Class of Certificates remains outstanding.

 

ARTICLE
II

CONVEYANCE OF the MORTGAGE LOAN; ORIGINAL ISSUANCE OF CERTIFICATES

 

Section 2.01       
Conveyance of the Trust Loan; Assignment of Trust Loan Purchase Agreements. (a)  The Depositor, concurrently
with the execution and delivery hereof on the Closing Date, does hereby establish a trust designated as “CPTS 2019-CPT Mortgage
Trust”, appoint the Trustee as trustee of the Trust Fund and sell, transfer, assign, set over and otherwise convey to the
Trustee without recourse (except to the extent herein provided) all the right, title and interest of the Depositor in and to the
Trust Loan, including all rights to payment in respect thereof, except as set forth below, and any security interest thereunder
(whether in real or personal property and whether tangible or intangible) in favor of the Depositor, and a security interest in
all Reserve Accounts, Lock-Box Accounts, Cash Collateral Accounts and all other assets to the extent included or to be included
in the Trust Fund for the benefit of the Certificateholders and the Companion Loan Holders. Such transfer and assignment includes
all interest and principal due on or with respect to the Trust Loan after the Cut-off Date. The Depositor, concurrently with the
execution and delivery hereof, does also hereby transfer, assign, set over and otherwise convey to the Trustee without recourse
(except to the extent provided herein), for the benefit of the Certificateholders, all the right, title and interest of the Depositor
in, to and under the Trust Loan Purchase Agreements

 

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as provided therein (excluding Sections 6(f)-(h) and 9 of the Trust Loan Purchase
Agreements), and excluding the Depositor’s rights and remedies under the GACC Indemnification Agreement, the WFB Indemnification
Agreement and the MSMCH Indemnification Agreement) to the extent related to the Trust Loan. The Depositor shall cause the Reserve
Accounts, Cash Collateral Accounts and Lock-Box Accounts relating to the Whole Loan to be transferred to and held in the name
of the Master Servicer on behalf of the Trustee as successor to the Trust Loan Sellers.

 

In
connection with such transfer and assignment, the Depositor does hereby deliver to, and deposit with, the Custodian, with copies
to the Master Servicer and the Special Servicer, the following documents or instruments with respect to the Whole Loan so assigned
(provided, however, that the original of documents specified in item (xix) shall be delivered to the Master Servicer):

 

(i)          
each original Trust Note, evidencing each Trust Loan Seller’s Trust Loan Seller Transferred Interest in the Trust Loan,
bearing, or accompanied by, all prior or intervening endorsements, endorsed by the most recent endorsee prior to the Trustee or,
if none, by the applicable Originator, without recourse, either in blank or to the order of the Trustee in the following form:
“Pay to the order of Wilmington Trust, National Association, as Trustee, for the benefit of the Holders of CPTS 2019-CPT
Mortgage Trust Commercial Mortgage Pass-Through Certificates, without recourse”;

 

(ii)         
the original (or a copy thereof certified from the applicable recording office) of the Mortgage and, if applicable, the originals
(or copies thereof certified from the applicable recording office) of any intervening assignments thereof showing a complete chain
of assignment from the Originators of the Whole Loan to the most recent assignee of record thereof prior to the Trustee, if any,
in each case with evidence of recording indicated thereon;

 

(iii)         an original Assignment of Mortgage, in recordable form, executed by the most recent assignee of record thereof prior to the Trustee
or, if none, by the Originators, either in blank or in favor of the Trustee in the following form: “Wilmington Trust, National
Association, as Trustee, for the benefit of the Holders of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates
(and the Companion Loan Holders)”;

 

(iv)         (A) an original or copy of any related security agreement (if such item is a document separate from the Mortgage) and, if
applicable, the originals or copies of any intervening assignments thereof showing a complete chain of assignment from the Originators
of the Mortgage Loan to the most recent assignee thereof prior to the Trustee, if any; and (B) an original assignment of
any related security agreement (if such item is a document separate from the Mortgage) executed by the most recent assignee thereof
prior to the Trustee or, if none, by the Originators, either in blank or in favor of the Trustee in the following form: “Wilmington
Trust, National Association, as Trustee, for the benefit of the Holders of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through
Certificates”, which assignment may be included as part of the corresponding Assignment of Mortgage referred to in clause (iii) above;

 

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(v)          (A) stamped or certified copies of any UCC financing statements and continuation statements which were filed in order to
perfect (and maintain the perfection of) any security interest held by the Originators of the Whole Loan (and each assignee of
record prior to the Trustee) in and to the personalty of the Borrower at the Mortgaged Property (in each case with evidence of
filing or recording thereon) and which were in the possession of the Trust Loan Sellers (or their agents) at the time the Mortgage
Files were delivered to the Custodian, together with original UCC-2 or UCC-3 assignment of financing statements showing a complete
chain of assignment from the secured party named in such UCC-1 financing statement to the most recent assignee of record thereof
prior to the Trustee, if any, and (B) if any such security interest is perfected and the earlier UCC financing statements
and continuation statements were in the possession of the Trust Loan Sellers, an assignment of UCC financing statement by the
most recent assignee of record prior to the Trustee or, if none, by the Originators, evidencing the transfer of such security
interest, either in blank or in favor of the Trustee in the following form: “Wilmington Trust, National Association, as
Trustee, for the benefit of the Holders of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates (and the
Companion Loan Holders)”; provided that other evidence of filing or recording reasonably acceptable to the Trustee
may be delivered in lieu of delivering such UCC financing statements including, without limitation, evidence of such filed or
recorded UCC financing statement as shown on a written UCC search report from a reputable search firm, such as CSC/LexisNexis
Document Solutions, Corporation Service Company, CT Corporation System and the like or printouts of on-line confirmations from
such UCC filing or recording offices or authorized agents thereof;

 

(vi)         the original or a copy of the Loan Agreement relating to the Whole Loan;

 

(vii)        the original or a copy of the lender’s title insurance policy issued in connection with the origination of the Whole Loan,
together with all endorsements or riders (or copies thereof) that were issued with or subsequent to the issuance of such policy,
insuring the priority of the Mortgage as a first lien on the Mortgaged Property, or, subject to Section 2(d) of the Trust
Loan Purchase Agreements, a “marked up” commitment to insure marked as binding and countersigned by the related insurer
or its authorized agent (which may be a pro forma or specimen title insurance policy which has been accepted or approved
as binding in writing by the related title insurance company), or, subject to Section 2(d) of the Trust Loan Purchase Agreements,
an agreement to provide the same pursuant to binding escrow instructions executed by an authorized representative of the title
company;

 

(viii)       (A) the original or a copy of the related Assignment of Leases and Rents (if such item is a document separate from the Mortgage)
and, if applicable, the originals or copies of any intervening assignments thereof showing a complete chain of assignment from
the Originators of the Whole Loan to the most recent assignee of record thereof prior to the Trustee, if any, in each case with
evidence of recording thereon; and (B) an original or copy of an assignment of any related Assignment of Leases and Rents
(a “Reassignment of Assignment of Leases and Rents”) (if such item is a document separate from the Mortgage),
in recordable form (except for missing recording information and, if delivered in blank, except for the name of the assignee),
executed by the most recent assignee of

 

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record thereof prior to the Trustee or, if none, by the Originator, either in blank or
in favor of the Trustee in the following form: “Wilmington Trust, National Association, as Trustee, for the benefit of the
Holders of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates (and the Companion Loan Holders)”,
which assignment may be included as part of the corresponding Assignment of Mortgage referred to in clause (iii) above;

 

(ix)         
the original or a copy of any environmental indemnity agreements and copies of any environmental insurance policies pertaining
to the Mortgaged Property required in connection with origination of the Whole Loan, if any;

 

(x)          
an original or a copy of the Assignment of Management Agreement and originals or copies of the currently effective Management
Agreement, if any, for the Mortgaged Property;

 

(xi)         
the original or copy of any ground leases, if applicable, and any related lessor estoppel or similar agreement or a copy thereof,
if any;

 

(xii)         an original Assignment of Agreements, Licenses, Permits and Contracts, executed by the most recent assignee of record thereof
prior to the Trustee or, if none, by the Originators, either in blank or in favor of the Trustee in the following form: “Wilmington
Trust, National Association, as Trustee, for the benefit of the Holders of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through
Certificates (and the Companion Loan Holders)”;

 

(xiii)        if the related assignment of contracts is separate from the Mortgage, the original executed version of such assignment of contracts
or a copy thereof and the assignment thereof to the Trustee (in such capacity, for the benefit of the Certificateholders and the
Companion Loan Holders);

 

(xiv)        if any related Lock-Box Agreement or Cash Collateral Account Agreement is separate from the Mortgage or Loan Agreement, a copy
thereof; with respect to the Reserve Accounts, Cash Collateral Accounts and Lock-Box Accounts, if any, a copy of the UCC-1 financing
statements, if any, submitted for filing with respect to the related mortgagee’s security interest in the Reserve Accounts,
Cash Collateral Accounts and Lock-Box Accounts and all funds contained therein (and UCC-3 assignments of financing statements
assigning such UCC-1 financing statements to the Trustee (in such capacity, for the benefit of the Certificateholders and the
Companion Loan Holders));

 

(xv)        originals or copies of all assumption, modification, written assurance and substitution agreements, with evidence of recording
thereon if appropriate, in those instances where the terms or provisions of the Mortgage, Trust Notes or any related security
document have been modified or the Whole Loan has been assumed;

 

(xvi)       the original or a copy of any guaranty of the obligations of the Borrower under the Whole Loan together with, as applicable, (A) the
original or copies of any intervening assignments of such guaranty showing a complete chain of assignment from the Originators
of the Whole Loan to the most recent assignee thereof prior to the Trustee,

 

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if any, and (B) an original assignment of such
guaranty executed by the most recent assignee thereof prior to the Trustee or, if none, by the Originators;

 

(xvii)      [Reserved];

 

(xviii)     a copy of the Co-Lender Agreement and any mezzanine loan intercreditor agreement;

 

(xix)        the original (or copy, if the original is held by the Master Servicer pursuant to Section 2.01(c)) of any letter of
credit held by the lender as beneficiary or assigned as security for the Whole Loan;

 

(xx)         [Reserved]; and

 

(xxi)        an original or a copy of the Cash Management Agreement;

 

provided that whenever the term “Mortgage File” is used to refer to documents actually received by the Depositor or the
Custodian, such term shall not be deemed to include such documents and instruments required to be included therein unless they
are actually so received. The original assignments referred to in clauses (iii), (iv)(B) and (xvi)(B) above,
may be in the form of one or more instruments in recordable form in any applicable filing or recording offices.

 

On
or prior to the Closing Date, the Trust Loan Sellers shall retain a third party vendor (which may be the Trustee or the Custodian)
to complete the assignment and recordation or filing of the Loan Documents in the name of the Trustee on behalf of the Certificateholders
and the Companion Loan Holders. On or promptly following the Closing Date, the Trust Loan Sellers shall (A) promptly deliver
or cause to be delivered to such third party vendor recorded copies of the Mortgage and the documents described in Section 2.01(a)(iii),
(v), (viii) and (xiv) and (B) cause such third party vendor, at the expense of the Trust Loan Sellers (in proportion
to its respective Trust Loan Seller Percentage Interest in the Trust Loan), (1) to promptly prepare and record (in favor
of the Trustee, for the benefit of the Holders of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates)
in the appropriate public recording office in no event later than 30 Business Days following the receipt thereof, each Assignment
of Mortgage referred to in Section 2.01(a)(iii) which has not yet been submitted for recording; and (2) to prepare
and file in the appropriate public filing office each UCC assignment of financing statement referred to in Section 2.01(a)(v)(B) and (xiv) which has not yet been submitted for filing or recording in no event later than 60 days following the receipt
thereof. Each such document shall reflect that the recorded original should be returned by the public recording office to the
Custodian or its designee following recording, and each such document shall reflect that the file copy thereof should be returned
to the Custodian or its designee following filing; provided that in those instances where the public recording office retains
the original Assignment of Mortgage or Assignment of Leases and Rents, if applicable, the Custodian shall use commercially reasonable
efforts to obtain therefrom a certified copy of the recorded original, at the expense of the Depositor. In the event that any
such document or instrument in respect of the Whole Loan is lost or returned unrecorded or unfiled, as the case may be, because
of a defect therein, the Trust Loan Sellers shall promptly prepare or cause the preparation of a substitute thereof or cure or
cause the curing of such defect, as the case may be, and shall thereafter deliver the substitute or corrected document to or at
the direction of the Custodian for recording or filing, as appropriate, at the expense of the

 

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Trust Loan Sellers (as set forth
in the Trust Loan Purchase Agreements). The Trust Loan Sellers shall, promptly upon receipt of the original recorded or filed
copy (and in no event later than five Business Days following such receipt) deliver such original to the Custodian, with evidence
of filing or recording thereon. Notwithstanding anything to the contrary contained in this Section 2.01, in those
instances where the public recording office retains the original Mortgage, Assignment of Mortgage or Assignment of Leases and
Rents, if applicable, after any has been recorded, the obligations of the Trust Loan Sellers under the Trust Loan Purchase Agreements
shall be deemed to have been satisfied upon delivery to the Custodian of a certified copy of the recorded original of such Mortgage,
Assignment of Mortgage or Assignment of Leases and Rents, if applicable.

 

If
the Trust Loan Sellers cannot deliver, or cause to be delivered, as to the Whole Loan, the original or a copy of the related lender’s
title insurance policy referred to in Section 2.01(a)(vii) solely because such policy has not yet been issued, the
delivery requirements of this Section 2.01 will be deemed to be satisfied as to such missing item, and such missing
item will be deemed to have been included in the Mortgage File by delivery to the Custodian of a binder marked as binding and
countersigned by the title insurer or its authorized agent (which may be a pro forma or specimen title insurance policy
which has been accepted or approved as binding in writing by the related title insurance company) or an acknowledged closing instruction
or escrow letter, and the Trust Loan Sellers shall be required to deliver to the Custodian, promptly following the receipt thereof,
the original related lender’s title insurance policy (or a copy thereof). Copies of recorded or filed Assignments of Mortgage
and UCC assignments of financing statements shall be held by the Custodian.

 

Subject
to the third preceding paragraph, all original documents relating to the Whole Loan which are not delivered to the Custodian are
and shall be held by the Depositor or the Master Servicer (or a Sub-Servicer on its behalf), as the case may be, in trust for
the benefit of the Certificateholders and the Companion Loan Holders. In the event that any such original document is required
pursuant to the terms of this Section to be a part of the Mortgage File in order to effectuate the purposes of this Agreement,
such document shall be delivered promptly to the Custodian.

 

(b)          In connection with the Depositor’s assignment pursuant to subsection (a) above, the Depositor shall direct,
and hereby represents and warrants that it has directed, the Trust Loan Sellers pursuant to the Trust Loan Purchase Agreements
to deliver to and deposit with or cause to be delivered to and deposited with, (i) the Custodian, on or before the Closing
Date, for the Trust Loan so assigned, among other things, the original Trust Notes, the original or a copy of the Mortgage and
any intervening assignments thereof, the original or a copy of the title policy for the Whole Loan, a copy of any ground lease,
if applicable, for the Whole Loan and an original (or copy, if the original is held by the Master Servicer pursuant to Section 2.01(c))
of any letters of credit held by the lender as beneficiary or assigned as security for the Whole Loan, and, within 30 days following
the Closing Date, the remaining applicable documents referred to in Section 2.01(a) for the Whole Loan, in each case
with copies to the Master Servicer and (ii) the Master Servicer, on or before the Closing Date, all documents and records
that are part of each applicable Servicing File. If the Trust Loan Sellers cannot deliver, or cause to be delivered, as to the
Trust Loan, the original Trust Notes, the Trust Loan Sellers shall deliver a copy or duplicate original of such Trust

 

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Notes, together
with an affidavit certifying that the original thereof has been lost or destroyed and an indemnification in favor of the Certificate
Administrator, the Trustee and the Custodian.

 

If
the Trust Loan Sellers or the Depositor cannot deliver, or cause to be delivered, as to the Whole Loan, the original or a copy
of any of the documents and/or instruments referred to in Section 2.01(a)(ii), Section 2.01(a)(v)(A),
Section 2.01(a)(viii), Section 2.01(a)(xv) and Section 2.01(a)(xvii) and the UCC financing
statements and UCC assignments of financing statements referred to in Section 2.01(a)(xiv), with evidence of recording
or filing thereon, solely because of a delay caused by the public recording or filing office where such document or instrument
has been delivered for recordation or filing, or because such original recorded or filed document has been lost or returned from
the recording or filing office and subsequently lost, as the case may be, the delivery requirements of Section 2.01
shall be deemed to have been satisfied as to such missing item, and such missing item shall be deemed to have been included in
the Mortgage File, provided that a copy of such document or instrument (without evidence of recording or filing thereon,
but certified (which certificate may relate to multiple documents and/or instruments) by the applicable public recording or filing
office, the applicable title insurance company or the Trust Loan Sellers to be a true and complete copy of the original thereof
submitted for recording or filing, as the case may be) has been delivered to the Custodian within 30 days after the Closing Date,
and either the original of such missing document or instrument, or a copy thereof, with evidence of recording or filing, as the
case may be, thereon, is delivered to the Custodian within 180 days after the Closing Date (or within such longer period after
the Closing Date so long as the Trust Loan Sellers have provided the Custodian with evidence of such recording or filing, as the
case may be, or has certified to the Custodian as to the occurrence of such recording or filing, as the case may be, and is, as
certified to the Custodian and the Trustee no less often than quarterly, in good faith attempting to obtain from the appropriate
county recorder’s or filing office such original or copy, provided such extensions do not exceed 24 months in the
aggregate).

 

(c)          Notwithstanding anything herein to the contrary, with respect to the documents referred to in Section 2.01(a)(xix)
and Section 2.01(a)(xx) of this Agreement, the Master Servicer shall hold the original of each such document in trust
on behalf of the Trust in order to draw on such letter of credit on behalf of the Trust and each Trust Loan Seller shall be deemed
to have satisfied the delivery requirements of its respective Trust Loan Purchase Agreement and this Section 2.01
of this Agreement by delivering the original of each such document to the Master Servicer, which shall forward a copy of the applicable
document to the Custodian. The Trust Loan Sellers shall pay any costs of assignment or amendment of such letter of credit (which
amendment shall change the beneficiary of the letter of credit to the Trust in care of the Master Servicer) required in order
for the Master Servicer to draw on such letter of credit on behalf of the Trust. In the event that the documents specified in
clause (a)(xx) of Section 2.01(a) of this Agreement are missing because the related assignment or amendment
documents have not been completed, the Trust Loan Sellers shall take all necessary steps to enable the Master Servicer to draw
on the related letter of credit on behalf of the Trust including, if necessary, drawing on the letter of credit in its own name
pursuant to written instructions from the Master Servicer and immediately remitting such funds (or causing such funds to be remitted) to
the Master Servicer.

 

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Section 2.02       
Acceptance by Custodian and the Trustee. By its execution and delivery of this Agreement, the Trustee (1) acknowledges
the assignment to it of the Trust Loan in good faith without notice of adverse claims and (2) declares that the Custodian
holds and will hold such documents and all others delivered to it constituting the Mortgage File (to the extent the documents
constituting the Mortgage File are actually delivered to the Custodian) for the Trust Loan assigned to the Trustee hereunder in
trust, upon the conditions herein set forth, for the use and benefit of all present and future Certificateholders and the Companion
Loan Holders.

 

The
Custodian hereby certifies to each of the Depositor, the Certificate Administrator, the Trustee, the Master Servicer, the Special
Servicer and the Trust Loan Sellers that except as identified in the Custodian’s closing date certification, which shall
be delivered no later than two Business Days after the Closing Date, and which is attached as Exhibit N-1 to this
Agreement, each Trust Note is in its possession and has been reviewed by the Custodian and (A) appears regular on its face
(handwritten additions, changes or corrections shall not constitute irregularities if initialed by the Borrower), (B) appears
to have been executed (where appropriate) and (C) purports to relate to the Whole Loan and have not been torn or mutilated
or otherwise defaced, and that such documents relate to the Whole Loan identified in the Mortgage Loan Schedule. If the Custodian
does not send a certification on the Closing Date, it shall send an email confirmation to the Trustee and the Master Servicer
on the Closing Date that it has received the Trust Notes (or a copy or a lost note affidavit, as permitted), subject to any exceptions
noted therein.

 

On
or about the 60th day following the Closing Date (and, if any exceptions are noted, again on or about the 90th day following the
Closing Date and monthly thereafter until the earliest of (i) the second anniversary of the Closing Date, (ii) the day
on which all material exceptions have been removed and (iii) the day on which the Trust Loan Sellers have repurchased for
the Trust Loan), the Custodian shall review each Mortgage File and shall certify to each of the Depositor, the Certificate Administrator,
the Trustee, the Master Servicer, the Special Servicer and the Trust Loan Sellers in the form attached as Exhibit N-2 to this Agreement that all documents (other than documents referred to in clauses Section 2.01(a)(xix) and Section 2.01(a)(xx) of this Agreement, which shall be delivered to the Master Servicer and the documents referred to in clauses (iii),
(v)(B) and (viii) of Section 2.01(a) of this Agreement and the assignments of financing statements referred
to in clause (xiv) of Section 2.01(a) of this Agreement, which shall be delivered for filing or recording by
the Trust Loan Sellers as provided herein) referred to in Section 2.01(a) above (in the case of the documents referred to
in Section 2.01(a)(iv), (v), (vi), (vii) (in the case of any endorsement thereto), (viii) and (ix) through (xxi) of this Agreement, as identified to it in writing as a document required to be delivered
by the Trust Loan Sellers) and any original recorded documents included in the delivery of the Mortgage File has been received,
has been executed, appear to be what they purport to be, purport to be recorded or filed (as applicable) and has not been torn
in any materially adverse manner or mutilated or otherwise defaced, and that such documents relate to the Whole Loan. In so doing,
the Custodian may rely on the purported due execution and genuineness of any such document and on the purported genuineness of
any signature thereon.

 

If
at the conclusion of such review any document or documents constituting a part of the Mortgage File has not been executed or received,
has not been recorded or filed (if required), is unrelated to the Whole Loan, appear not to be what they purport to be or has
been torn in any

 

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materially adverse manner or mutilated or otherwise defaced, the Custodian shall promptly so notify (in the form
attached as Exhibit M to this Agreement) the Trustee, the Depositor, the Certificate Administrator, the Master Servicer,
the Special Servicer and the Trust Loan Sellers by providing a written report, setting forth for the affected Whole Loan, with
particularity, the nature of the defective or missing document. The Depositor shall or shall cause the Trust Loan Sellers to deliver
to the Custodian an executed, recorded or undamaged document, as applicable, or, if the failure to deliver such document in such
form constitutes a Material Document Defect, the Depositor shall cause the Trust Loan Sellers to cure, repurchase or make an indemnification
payment with respect to the Trust Loan in the manner provided in Section 2.03(e) of this Agreement. None of the Master
Servicer, the Special Servicer, the Certificate Administrator, the Custodian or the Trustee shall be responsible for any loss,
cost, damage or expense to the Trust Fund resulting from any failure to receive any document constituting a portion of the Mortgage
File noted on such a report or for any failure by the Depositor to use its best efforts to deliver any such document.

 

Contemporaneously
with its execution of this Agreement, the Depositor shall cause each Trust Loan Seller to deliver, a power of attorney substantially
in the form of Exhibit C to the Trust Loan Purchase Agreements to the Master Servicer and Special Servicer, to take
such other action as is necessary to effect the delivery, assignment and/or recordation of any documents and/or instruments relating
to the Mortgage Loan which has not been delivered, assigned or recorded at the time required for enforcement by the Trust Fund.
Pursuant to each Trust Loan Purchase Agreement, the related Trust Loan Seller shall be required to effect (at the expense of the
related Trust Loan Seller) the assignment and recordation of its the Loan Documents until the assignment and recordation of all
Loan Documents has been completed.

 

In
reviewing any Mortgage File pursuant to the third preceding paragraph of Section 2.01 of this Agreement, the Master
Servicer shall have no responsibility to cause the Custodian or Trustee to, and the Custodian or Trustee will have no responsibility
to, examine any opinions or determine whether any document is legal, valid, binding, sufficient, duly authorized or enforceable,
whether the text of any assignment or endorsement is in proper or recordable form (except, if applicable, to determine if the
Trustee is the assignee or endorsee), whether any document has been recorded in accordance with the requirements of any applicable
jurisdiction, whether a blanket assignment is permitted in any applicable jurisdiction, or whether any Person executing any document
or rendering any opinion is authorized to do so or whether any signature thereon is genuine.

 

Section 2.03       
Representations, Warranties and Covenants of the Depositor; Repurchase of Trust Loan. (a)  The Depositor hereby
represents and warrants that:

 

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

 

(ii)          
The Depositor has taken all necessary action to authorize the execution, delivery and performance of this Agreement by it, and
has the power and authority to execute, deliver and perform this Agreement and all the transactions contemplated hereby, including,
but not limited to, the power and authority to sell, assign and transfer the Trust Loan in accordance with this Agreement;

 

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(iii)         This Agreement has been duly and validly executed and delivered by the Depositor and assuming the due authorization, execution
and delivery of this Agreement by each other party hereto, this Agreement and all of the obligations of the Depositor hereunder
are the legal, valid and binding obligations of the Depositor, enforceable in accordance with the terms of this Agreement, except
as such enforcement may be limited by bankruptcy, insolvency, reorganization, liquidation, receivership, moratorium or other laws
relating to or affecting creditors’ rights generally, or by general principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law);

 

(iv)         The execution and delivery of this Agreement and the performance of its obligations hereunder by the Depositor will not conflict
with any provision of its certificate of incorporation or bylaws, or any law or regulation to which the Depositor is subject,
or conflict with, result in a breach of or constitute a default under (or an event which with notice or lapse of time or both
would constitute a default under) any of the terms, conditions or provisions of any agreement or instrument to which the Depositor
is a party or by which it is bound, or any law, order or decree applicable to the Depositor, or result in the creation or imposition
of any lien on any of the Depositor’s assets or property, which would materially and adversely affect the ability of the
Depositor to carry out the transactions contemplated by this Agreement;

 

(v)         
The certificate of incorporation of the Depositor provides that the Depositor is permitted to engage in only the following activities:

 

(A)          to acquire, own, hold, sell, transfer, assign, pledge and otherwise deal with the following: (I) “fully-modified pass-through”
certificates (“GNMA Certificates”) issued and guaranteed as to timely payment of principal and interest by
the Government National Mortgage Association (“GNMA”), a wholly-owned corporate instrumentality of the United
States within the Department of Housing and Urban Development organized and existing under Title III of the National Housing Act
of 1934; (II) Guaranteed Mortgage Pass-Through Certificates (“FNMA Certificates”) issued and guaranteed
as to timely payment of principal and interest by FNMA; (III) Mortgage Participation Certificates (“FHLMC Certificates”)
issued and guaranteed as to timely payment of interest and ultimate or full payment of principal by FHLMC; (IV) any other
participation certificates, pass-through certificates or other obligations or interests backed directly or indirectly by mortgage
loans and issued or guaranteed by GNMA, FNMA or FHLMC (collectively with the GNMA Certificates, FNMA Certificates and FHLMC Certificates,
the “Agency Securities”); (V) mortgage-backed securities, which securities need not be issued or guaranteed,
in whole or in part, by any governmental entity, issued by one or more private entities (hereinafter referred to as “Private
Securities”); (VI) mortgage loans secured by first, second or more junior liens on one-to-four family residential
properties, multifamily properties that are either rental apartment buildings or projects containing five or more residential
units or commercial properties, regardless of whether insured or guaranteed in whole or in part by any governmental entity, or
participation interests or stripped interests in such mortgage loans (“Mortgage Assets”); (VII) conditional
sales

 

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contracts and installment sales or loan agreements or participation interests therein secured by manufactured housing (“Contract”);
and (VIII) receivables of third-parties or other financial assets of third-parties, either fixed or revolving, that by their
terms convert into cash within a finite time period (“Other Assets”);

 

(B)           to loan its funds to any person under loan agreements and other arrangements which are secured by Agency Securities, Private Securities,
Mortgage Assets, Contracts and/or Other Assets;

 

(C)           to authorize, issue, sell and deliver bonds or other evidences of indebtedness that are secured by Agency Securities, Private
Securities, Mortgage Assets, Contracts and/or Other Assets;

 

(D)          to authorize, issue, sell and deliver certificates evidencing beneficial ownership interests in pools of Agency Securities, Private
Securities, Mortgage Assets, Contracts and/or Other Assets; and

 

(E)           to engage in any activity and to exercise any powers permitted to corporations under the laws of the State of Delaware that are
incident to the foregoing and necessary or convenient to accomplish the foregoing.

 

Capitalized
terms defined in this clause (v) shall apply only to such clause;

 

(vi)         There is no action, suit, proceeding or investigation pending or threatened against the Depositor in any court or by or before
any other governmental agency or instrumentality which would materially and adversely affect the ability of the Depositor to carry
out its obligations under 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 Depositor of or compliance by the Depositor with this
Agreement, or if required, such approval has been obtained prior to the Cut-off Date; and

 

(viii)       The Trustee, if not the owner of the Trust Loan, will have a valid and perfected security interest of first priority in the Trust
Loan and any proceeds thereof.

 

(b)          The Depositor hereby represents and warrants with respect to the Trust Loan that:

 

(i)          
Immediately prior to the transfer and assignment to the Trustee, the Trust Notes and the Mortgage were not subject to an assignment
or pledge, and the Depositor had good title to, and was the sole owner of, the Trust Loan and had full right to transfer and sell
the Trust Loan to the Trustee free and clear of any encumbrance, equity, lien, pledge, charge, claim or security interest;

 

(ii)          The Depositor is transferring the Trust Loan free and clear of any and all liens, pledges, charges or security interests of any
nature encumbering the Trust Loan;

 

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(iii)         The related Assignment of Mortgage constitutes the legal, valid and binding assignment of the Mortgage from the Depositor to the
Trustee; and

 

(iv)         No claims have been made by the Depositor under the lender’s title insurance policy, and the Depositor has not done anything
which would impair the coverage of such lender’s title insurance policy.

 

(c)          
It is understood and agreed that the representations and warranties set forth in this Section 2.03 shall survive delivery
of the Mortgage File to the Custodian until the termination of this Agreement, and shall inure to the benefit of the Certificateholders,
the Companion Loan Holders, the Certificate Administrator, the Trustee, the Custodian, the Master Servicer and the Special Servicer.

 

(d)          If the Master Servicer or the Special Servicer (i) receives a Repurchase Communication of a request or demand for repurchase
or replacement of the Trust Loan because of a Breach or a Defect (each as defined below) (any such request or demand, a “Repurchase
Request”, and the Master Servicer or the Special Servicer, as applicable, to the extent it receives a Repurchase Request,
the “Repurchase Request Recipient” with respect to such Repurchase Request), (ii) receives a Repurchase
Communication of a withdrawal of a Repurchase Request by the Person making such Repurchase Request (a “Repurchase Request
Withdrawal”), (iii) receives a Repurchase Communication that the Trust Loan Seller Transferred Interest of the
Trust Loan that was subject to a Repurchase Request has been repurchased or replaced (a “Repurchase”), or (iv) receives
a Repurchase Communication of the rejection of a Repurchase Request (a “Repurchase Request Rejection”), then
such Person shall deliver written notice of such Repurchase Request, Repurchase Request Withdrawal, Repurchase or Repurchase Request
Rejection (each such notice, a “Rule 15Ga-1 Notice”) to the Depositor and the related Trust Loan Seller,
in each case within ten Business Days from such party’s receipt of a Repurchase Communication of such Repurchase Request,
Repurchase Request Withdrawal, Repurchase or Repurchase Request Rejection, as applicable; provided, however, that
if the Master Servicer receives notice of a Repurchase Request Withdrawal or Repurchase Request Rejection from the Special Servicer,
the Master Servicer shall have no obligation to deliver such notice to any other party.

 

Each
Rule 15Ga-1 Notice shall include (i) the identity of the Trust Loan, (ii) the date the Repurchase Communication
of the Repurchase Request, Repurchase Request Withdrawal, Repurchase or Repurchase Request Rejection, as applicable, was received
and (iii) in the case of a Repurchase Request, (A) the identity of the Person making such Repurchase Request, (B) if
known, the basis for the Repurchase Request (as asserted in the Repurchase Request) and (C) a statement from the Repurchase
Request Recipient as to whether it currently plans to pursue such Repurchase Request.

 

No
Person that is required to provide a Rule 15Ga-1 Notice pursuant to this Section 2.03(d) (a “Rule 15Ga-1
Notice Provider”) shall be required to provide any information in a Rule 15Ga-1 Notice protected by the attorney-client
privilege or attorney work product doctrines. Each Trust Loan Purchase Agreement will provide that (i) any Rule 15Ga-1
Notice provided pursuant to this Section 2.03(d) is so provided only to assist the related Trust Loan Seller, the
Depositor and its 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
Notice Provider and (B) no information provided pursuant to this

 

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Section 2.03(d) 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 the related Trust Loan Purchase Agreement, including with respect to any Repurchase Request
that is the subject of a Rule 15Ga-1 Notice.

 

In
the event that the Depositor, the Trustee, the Certificate Administrator or the Custodian receives a Repurchase Communication
of a Repurchase Request or a Repurchase Request Withdrawal, then such party shall promptly forward such Repurchase Communication
of such Repurchase Request or Repurchase Request Withdrawal to the Master Servicer, if relating to a Performing Loan, or to the
Special Servicer, if relating to a Specially Serviced Loan or REO Property, and include the following statement in the related
correspondence: “This is a “[Repurchase Request][Repurchase Request Withdrawal]” under Section 2.03(d) of the Trust and Servicing Agreement relating to the CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates
requiring action by you as the recipient of such Repurchase Request or Repurchase Request Withdrawal thereunder”. Upon receipt
of such Repurchase Communication of such Repurchase Request or Repurchase Request Withdrawal by the Master Servicer or the Special
Servicer, as applicable, such party shall be deemed to be the Repurchase Request Recipient of such Repurchase Communication of
such Repurchase Request or Repurchase Request Withdrawal, and such party shall comply with the procedures set forth in this Section 2.03(d) with respect to such Repurchase Request or Repurchase Request Withdrawal. In no event shall the Custodian, by virtue of this
provision, be required to provide any notice other than as set forth in Section 2.02 of this Agreement in connection with
its review of the Mortgage File.

 

(e)          
A “Defect” shall exist with respect to the Trust Loan if any document constituting a part of the Mortgage File
and required to be delivered by a Trust Loan Seller has not been delivered within the time periods provided for in each Trust
Loan Purchase Agreement, has not been properly executed, is missing, does not appear to be regular on its face or contains information
that does not conform in any material respect with the corresponding information set forth in the Mortgage Loan Schedule. A “Breach”
shall mean a breach of any representation or warranty of a Trust Loan Seller made pursuant to the related Trust Loan Purchase
Agreement with respect to the Trust Loan. If any party hereto discovers or receives notice of a Defect or a Breach, and if such
Defect is a Material Document Defect or such Breach is a Material Breach, as applicable, then such party, on behalf of the Trust
Fund, shall upon its actual knowledge thereof notify the Trust Loan Sellers, the other parties hereto and the 17g-5 Information
Provider (who shall promptly post such notice to the 17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement) and the Companion Loan Holders. If any such Defect or Breach materially and adversely affects the value
of the Trust Loan, the value of the Mortgaged Property or the interests of the Trust in the Trust Loan hereunder or causes the
Trust Loan to be other than a Qualified Mortgage, then such Defect shall constitute a “Material Document Defect”
or such Breach shall constitute a “Material Breach,” as the case may be; provided, however, that
if any of the documents specified in clauses (i), (ii), (vii) and (xix) of Section 2.01(a) of this Agreement are not delivered as required in each Trust Loan Purchase Agreement and certified as missing pursuant to
Section 2.02 of this Agreement, it shall be deemed a Material Document Defect; provided, further, that
no Defect (except as provided in the immediately preceding proviso and Defects that cause the Trust Loan to be other than a Qualified
Mortgage) shall be considered to be a Material Document Defect unless the document with respect to which the Defect exists is
required in connection with an imminent enforcement of the lender’s rights or remedies under the

 

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Trust Loan, defending any
claim asserted by the Borrower or a third party with respect to the Trust Loan, establishing the validity or priority of any lien
on any collateral securing the Trust Loan or for any immediate significant servicing obligation. The Custodian, the Certificate
Administrator and the Trustee shall not be required to make any such determination absent written notice or direction from Certificateholders
in accordance with Section 8.02(a)(iii). Promptly upon receiving written notice of any such Material Document Defect
or Material Breach with respect to the Trust Loan, accompanied by a written demand to take the actions contemplated by this sentence
from the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or the Custodian, on
behalf of the Trust Fund, each Trust Loan Seller shall, not later than 90 days from such Trust Loan Seller’s receipt of
such notice of, and such written demand to take action with respect to, such Material Document Defect or Material Breach, as the
case may be (any such 90-day period, the “Initial Resolution Period”), (i) cure the same in all material
respects, (ii) repurchase its Trust Loan Seller Transferred Interest in the Trust Loan at an amount equal to its Trust Loan
Seller Percentage Interest of the Repurchase Price in conformity with the applicable Trust Loan Purchase Agreement or (iii) indemnify
the Trust for its Trust Loan Seller Percentage Interest of the losses directly related to such Material Breach or Material Document
Defect, subject to receipt of a No Downgrade Confirmation from each Rating Agency with respect to such action (or if each Rating
Agency waives review or fails to respond to a request for a No Downgrade Confirmation, subject to (y) approval of the Directing
Holder so long as a Subordinate Control Period is in effect and (z) consultation with the Directing Holder so long as a Subordinate
Consultation Period is in effect (or if the Directing Holder is an Affiliate of the Trust Loan Seller, subject to the approval
of the Special Servicer)); provided that if (i) such Material Document Defect or Material Breach is capable of being
cured but not within the Initial Resolution Period, (ii) such Material Document Defect or Material Breach is not related
to the Trust Loan not being a Qualified Mortgage and (iii) a Trust Loan Seller has commenced and is diligently proceeding
with the cure of such Material Document Defect or Material Breach within the Initial Resolution Period, then such Trust Loan Seller
shall have an additional period equal to the applicable Resolution Extension Period to complete such cure or, failing such cure,
to repurchase its Trust Loan Seller Transferred Interest or indemnify the Trust in respect of its Trust Loan Seller Percentage
Interest. Notwithstanding the preceding sentence, if such Material Breach or Material Document Defect would cause the Trust Loan
to be other than a Qualified Mortgage, then, within 90 days of the date of discovery of such Material Breach or Material Document
Defect, the applicable Trust Loan Seller shall (i) cure the same in all material respects or (ii) repurchase its Trust
Loan Seller Percentage Interest in the Trust Loan at an amount equal to its Trust Loan Seller Percentage Interest of the Repurchase
Price. Any Breach or Defect that causes the Trust Loan not to be a Qualified Mortgage shall be deemed a Material Breach or Material
Document Defect, as applicable. Notwithstanding the foregoing, the failure to deliver to the Trustee and the Custodian copies
of the UCC financing statements with respect to the Trust Loan shall not be a Material Document Defect.

 

(f)          
In connection with any repurchase of the Trust Loan contemplated by this Section 2.03, (A) the Custodian, the
Master Servicer (with respect to a Performing Loan) and the Special Servicer (with respect to a Specially Serviced Loan) shall
each tender to the Trust Loan Sellers or their designees all portions of the Mortgage File (in the case of the Custodian) and
the Servicing File (in the case of the Master Servicer and the Special Servicer, as applicable) (including the original Trust
Notes related to each Trust Loan Seller’s Trust Loan Seller Transferred Interest in the Trust Loan) and other documents
pertaining to the Trust Loan possessed by it, upon delivery

 

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(i) to each of the Master Servicer or the Special Servicer, as
applicable, of a trust receipt and (ii) to the Custodian by the Master Servicer or the Special Servicer, as applicable, of
a Request for Release and an acknowledgement by the Master Servicer or Special Servicer, as applicable, of its receipt of each
Trust Loan Seller Percentage Interest of the Repurchase Price from the Trust Loan Sellers, (B) each document that constitutes
a part of the Mortgage File that was endorsed or assigned to the Trustee shall be endorsed or assigned without recourse in the
form of endorsement or assignment provided to the Custodian by the Trust Loan Sellers, as the case may be, to the Trust Loan Sellers
as shall be necessary to vest in the Trust Loan Sellers the legal and beneficial ownership of each Trust Loan Seller’s respective
repurchased Trust Loan Seller Transferred Interest in the Trust Loan to the extent such ownership was transferred to the Trustee
(provided, however, that the Master Servicer or Special Servicer, as applicable, shall use reasonable efforts to
cooperate in furnishing necessary information to the extent in its possession to the Trust Loan Sellers in connection with the
preparation by the Trust Loan Sellers of such endorsement or assignment) and (C) the Certificate Administrator, the Master
Servicer and the Special Servicer shall release, or cause the release of, any escrow payments and reserve funds held by or on
behalf of the Certificate Administrator, the Master Servicer and the Special Servicer, as applicable, or on the Certificate Administrator’s,
the Master Servicer’s and the Special Servicer’s, as applicable, behalf, in respect of the Trust Loan to the Trust
Loan Sellers in accordance with their respective repurchased Trust Loan Seller Transferred Interest in the Trust Loan.

 

(g)          The Master Servicer (with respect to a Performing Loan) and the Special Servicer (with respect to a Specially Serviced Loan) shall,
for the benefit of the Certificateholders and the Trustee, use reasonable efforts to enforce the obligations of the related Trust
Loan Seller under Section 6 of the related Trust Loan Purchase Agreement. Such enforcement, including, without limitation,
the legal prosecution of claims, shall be carried out in accordance with the Servicing Standard. The Trustee, the Certificate
Administrator, the Master Servicer and the Special Servicer, as the case may be, shall be reimbursed for the reasonable costs
of such enforcement: first, pursuant to Section 3.06 of this Agreement (with respect to the Trust Loan), out
of the related Repurchase Price or indemnification amounts to the extent that such expenses are a specific component thereof;
and second, if at the conclusion of such enforcement action it is determined that the amounts described in clause first are insufficient, then pursuant to Section 3.06 of this Agreement, out of general collections on the Trust Loan
on deposit in the Collection Account in each case with interest thereon at the Advance Rate from the time such expense was incurred
to, but excluding, the date such expense was reimbursed. To the extent the Trust Loan Sellers prevail in such proceeding, the
Trust Loan Sellers shall be entitled to reimbursement from the Trust for all necessary and reasonable costs and expenses incurred
in connection with such proceeding.

 

So
long as document exceptions are outstanding, on each anniversary of the Closing Date, the Custodian shall prepare and forward
to the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer and the Trust Loan Sellers,
a document exception report setting forth the then current status of any Defects related to the Mortgage Files in a format mutually
agreed upon between the Custodian and the Trustee.

 

It
is understood and agreed that Section 6 of each Trust Loan Purchase Agreement provides the sole remedy available to the Certificateholders
and the Trustee on behalf of the

 

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Certificateholders respecting any Breach (including a Breach with respect to the Trust Loan failing
to constitute a Qualified Mortgage) or any Defect.

 

(h)          In the event that any litigation is commenced which alleges facts which, in the judgment of the Depositor, could constitute a
breach of any of the Depositor’s representations and warranties relating to the Trust Loan, the Depositor hereby reserves
the right to conduct the defense of such litigation at its expense and shall not be required to obtain any consent from the Master
Servicer or the Special Servicer, unless such defense results in any liability of the Master Servicer or the Special Servicer,
as applicable.

 

(i)          
If for any reason any Trust Loan Seller fails to fulfill its obligations under the related Trust Loan Purchase Agreement with
respect to the Trust Loan, the Master Servicer (with respect to a Performing Loan) and the Special Servicer (with respect to a
Specially Serviced Loan) shall use reasonable efforts in enforcing any obligation of the Trust Loan Sellers to cure or repurchase
or make an indemnity payment with respect to the Trust Loan under the terms of the related Trust Loan Purchase Agreement all at
the expense of the related Trust Loan Seller.

 

(j)          
To the extent that not all of the Trust Loan Sellers repurchase their respective Trust Loan Seller Percentage Interest pursuant
to the terms of the related Trust Loan Purchase Agreement, the portion of the Trust Loan so repurchased shall be a Companion Loan
subject in all respects to the Co-Lender Agreement. In addition, (i) the Trust Loan shall continue to be serviced by
the Master Servicer and, as applicable, the Special Servicer, in accordance with the terms of this Agreement on behalf of such
repurchasing Trust Loan Seller and the Certificateholders as a collective whole, and the Master Servicer or the Special Servicer,
as applicable, shall be the sole representative of the lender in connection with any enforcement, bankruptcy or other proceeding,
(ii) the Trustee, on behalf of the Trust, shall remain the mortgagee of record with respect to the Mortgage, (iii) the
Trustee/Certificate Administrator Fee, CREFC® License Fee, Servicing Fee, Special Servicing Fee shall continue
to be calculated based on the entire Stated Principal Balance of the Trust Loan or Whole Loan, as applicable, (iv) the Custodian
shall retain all portions of the Mortgage File other than the related Trust Notes corresponding to the repurchased Trust Loan
Seller’s Trust Loan Seller Transferred Interest, (v) the repurchasing Trust Loan Seller shall be entitled to remittances
on or prior to the Distribution Date of its pro rata share, based upon its Trust Loan Seller Percentage Interest, of all
amounts that would otherwise be available for distribution on such Distribution Date pursuant to Article IV hereof to Certificateholders
(other than any amounts in respect of any P&I Advance) with respect to the Trust Loan less (A) fees and expenses with
respect to servicing of such Trust Loan Seller’s Trust Loan Seller Percentage Interest and (B) all costs and expenses
incurred in connection with the Trust Loan Seller’s repurchase obligations and such amounts shall be wired in accordance
with the directions provided to the Trustee, the Certificate Administrator and the Master Servicer by the Trust Loan Seller to
the extent such direction is received at least 10 Business Days prior to the related Distribution Date, (vi) each repurchasing
Trust Loan Seller, provided that it is not a Borrower Related Party, shall be entitled to receive any and all reports and
have access to any and all information as a Privileged Person under the terms of this Agreement, (vii) no amendment may be
made to this Agreement that would materially and adversely affect the rights of such repurchasing Trust Loan Seller in respect
of the repurchasing Trust Loan Seller’s Trust Loan Seller Transferred Interest without the consent of such repurchasing
Trust Loan Seller, (viii) to the extent the Trustee, on behalf of the Trust, holds record or legal title to any Mortgage
File document that

 

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relates to any Trust Loan Seller’s Trust Loan Seller Transferred Interest in the Trust Loan repurchased
pursuant to this Section 2.03(j), the Trustee shall hold such title in trust for the use and benefit of the Trust
and the related Trust Loan Seller collectively, (ix) to the extent this Agreement refers to the “Mortgage File,”
such “Mortgage File” shall be construed to mean the Mortgage File for the entire Trust Loan (except that references
to any Trust Note in favor of the repurchasing Trust Loan Seller shall be construed to instead refer to a photocopy of such Trust
Note) and (x) the Master Servicer and the Special Servicer shall not be required to obtain the concurrence or consent of
the repurchasing Trust Loan Seller prior to, or as a condition to, taking any action required of either of the Master Servicer
or the Special Servicer pursuant to the terms of this Agreement, nor shall the repurchasing Trust Loan Seller have any right to
direct the actions of the Master Servicer or Special Servicer, and the rights, duties and obligations of the Directing Holder
under this Agreement shall not be altered or reduced in such event. Neither the Master Servicer nor the Trustee shall make any
P&I Advance or Administrative Advance with respect to any Trust Loan Seller’s Trust Loan Seller Transferred Interest
of the Trust Loan which has been repurchased as described herein.

 

Section 2.04       
Representations, Warranties and Covenants of the Master Servicer, the Special Servicer, the Certificate Administrator and the
Trustee. (a) Wells Fargo Bank, National Association, as the Master Servicer, hereby represents and warrants with respect
to itself to the Trustee, for its own benefit and the benefit of the Certificateholders and the Companion Loan Holders, to the
Depositor, to the Certificate Administrator and to the Special Servicer, as of the Closing Date, that:

 

(i)           
It is a national banking association, duly organized, validly existing, and is in good standing, under the laws of the United
States of America and it is in compliance with the laws of the state (within the United States of America) in which the Mortgaged
Property is located to the extent necessary to perform its obligations under this Agreement;

 

(ii)         
Its execution and delivery of this Agreement, and its performance and compliance with the terms of this Agreement, do not (A) violate
its organizational documents or (B) constitute a default (or an event which, with notice or lapse of time, or both, would
constitute a default) under, or result in the breach of, any material agreement or other material instrument to which it is a
party or which is applicable to it or any of its assets, or (C) violate any law, rule, regulation, order, judgment or decree
to which it or its property is subject, which, in the case of either (B) or (C), is likely to materially and adversely affect
either its ability to perform its obligations under this Agreement or its financial condition;

 

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

 

(iv)         This Agreement, assuming due authorization, execution and delivery by the Trustee, the Paying Agent, the Certificate Administrator,
the Special Servicer and the Depositor, constitutes a valid, legal and binding obligation of it, enforceable against it in accordance
with the terms hereof, subject to applicable bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting
the enforcement of

 

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creditors’ rights generally, and general principles of equity, regardless of whether such enforcement
is considered in a proceeding in equity or at law;

 

(v)          It is not in default 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 default in its reasonable judgment is likely to materially and adversely affect
the financial condition or its operations or its properties taken as a whole or its ability to perform its duties and obligations
hereunder;

 

(vi)         No litigation is pending or, to the best of its knowledge, threatened against it which would prohibit it from entering into this
Agreement or, in its good faith and reasonable judgment is likely to materially and adversely affect either its ability to perform
its obligations under this Agreement or its financial condition;

 

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

 

(viii)       Each of its officers and employees that has responsibilities concerning the servicing and administration of the Trust Loan is
covered by errors and omissions insurance and the fidelity bond in the amounts and with the coverage required by this Agreement.

 

(b)          CWCapital Asset Management LLC, as Special Servicer, hereby represents and warranty with respect to itself to the Trustee, for
its own benefit and the benefit of the Certificateholders, to the Depositor, to the Certificate Administrator and to the Master
Servicer, as of the Closing Date, that:

 

(i)          
it is a limited liability company duly organized, validly existing, and in good standing under the laws of the State of Delaware;
it is, and throughout the term of this Agreement shall remain, duly authorized and qualified to transact business in the jurisdiction
where the Mortgaged Property is located to the extent required by applicable law and necessary to ensure the enforceability of
the Trust Loan in accordance with the terms thereof and hereof; it possesses and shall continue to possess all requisite authority,
power, licenses, permits, franchise, and approvals to conduct its business and to execute, deliver, and comply with its obligations
under this Agreement;

 

(ii)         
the execution and delivery of this Agreement and its performance of and compliance with the terms hereof in the manner contemplated
by this Agreement will not violate its certificate of organization and limited liability operating agreement, or any other material
instrument governing its operations, or any laws, regulations, orders or decrees of any governmental authority applicable to it
and will not constitute a default (or any event which, with notice or lapse of time or both, would constitute a default) under
any material contract, agreement, or other instrument to which it is a party or which may be applicable to any of its assets,
which violation or default would have consequences that would

 

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materially and adversely affect its financial condition or operations
or its properties taken as a whole or its ability to perform its obligations hereunder;

 

(iii)         
this Agreement constitutes its valid, legal, and binding obligation enforceable against it in accordance with its terms, subject
to bankruptcy and receivership laws and other similar laws of general application affecting rights of creditors and subject to
the application of the rules of equity, including those respecting the availability of specific performance;

 

(iv)        
it has the full power and authority to enter into and consummate the transactions contemplated by this Agreement; this Agreement
has been duly executed and delivered by it;

 

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

 

(vi)         there is no pending action, suit or proceeding, arbitration or governmental investigation against it, the outcome of which, in
its reasonable judgment, could reasonably be expected to prohibit it from entering into this Agreement or materially and adversely
affect its ability to perform its obligations under this Agreement; and

 

(vii)        it has errors and omissions insurance and fidelity bond coverage which is in full force and effect or is self-insuring with respect
to such risks, which in either case, complies with the requirements of Section 3.08 hereof.

 

(viii)       The representations and warranties of the Special Servicer set forth in this Section 2.04(b) shall survive until termination
of this Agreement, and shall inure to the benefit of the parties hereto and the Certificateholders.

 

(c)         
It is understood and agreed that the representations and warranties set forth in this Section shall survive delivery of the Mortgage
File to the Trustee or the Custodian on behalf of the Trustee until the termination of this Agreement, and shall inure to the
benefit of the Trustee, the Certificate Administrator, the Depositor, the Companion Loan Holders and the Master Servicer or Special
Servicer, as the case may be. Upon discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer
of the Trustee or the Certificate Administrator (or upon written notice thereof from any Certificateholder) of a breach of any
of the representations and warranties set forth in this Section which materially and adversely affects the interests of the Certificateholders,
the Certificate Administrator, the Master Servicer, Special Servicer, the Companion Loan Holders or the Trustee in the Trust Loan,
the party discovering such breach shall give prompt written notice to the other parties hereto and the Trust Loan Sellers.

 

(d)          The Trustee hereby represents and warrants to the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Certificateholders and the Companion Loan Holders as of the Closing Date, that:

 

(i)          
The Trustee is a national banking association, duly organized, validly existing and in good standing under the laws of the United
States of America and has full

 

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power, authority and legal right to own its properties and conduct its business as presently conducted
and to execute, deliver and perform the terms of this Agreement;

 

(ii)         
This Agreement has been duly authorized, executed and delivered by the Trustee and, assuming due authorization, execution and
delivery by the other parties hereto, constitutes a legal, valid and binding instrument enforceable against the Trustee in accordance
with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting
the enforcement of creditors’ rights in general and by general equity principles (regardless of whether such enforcement
is considered in a proceeding in equity or at law);

 

(iii)         Neither the execution and delivery of this Agreement by the Trustee nor the consummation by the Trustee of the transactions herein
contemplated to be performed by the Trustee, nor compliance by the Trustee with the provisions hereof, will conflict with or result
in a breach of, or constitute a default under, any of the provisions of any applicable law (subject to the appointment in accordance
with such applicable law of any Co-Trustee or separate Trustee required pursuant to this Agreement), governmental rule, regulation,
judgment, decree or order binding on the Trustee or its properties or the organizational documents of the Trustee or the terms
of any material agreement, instrument or indenture to which the Trustee is a party or by which it is bound which, in the Trustee’s
good faith and reasonable judgment, is likely to affect materially and adversely the ability of the Trustee to perform its obligations
under this Agreement;

 

(iv)         The Trustee is not in violation of, and the execution and delivery of this Agreement by the Trustee and its performance and compliance
with the terms of this Agreement will not constitute a violation with respect to, any order or decree of any court binding on
the Trustee or any law, order or regulation of any federal, state, municipal or governmental agency having jurisdiction, or result
in the creation or imposition of any lien, charge or encumbrance which, in any such event, would have consequences that would
materially and adversely affect the condition (financial or otherwise) or operation of the Trustee or its properties or impair
the ability of the Trust Fund to realize on the Trust Loan;

 

(v)         
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 Trustee of or compliance by the Trustee with this Agreement,
or if required, such approval has been obtained prior to the Cut-off Date or which, if not obtained, would have a materially adverse
effect on the Trustee’s ability to perform its obligations hereunder;

 

(vi)         To the best of the Trustee’s knowledge, no litigation is pending or threatened against the Trustee which would prohibit
its entering into or materially and adversely affect its ability to perform its obligations under this Agreement or the Trustee
Indemnification Agreement.

 

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(e)         
The Certificate Administrator hereby represents and warrants to the Depositor, the Trustee, the Master Servicer, the Special Servicer,
the Certificateholders and the Companion Loan Holders as of the Closing Date, that:

 

(i)           
The Certificate Administrator is a national banking association, duly organized, validly existing, and is in good standing, under
the laws of the United States of America and has full power, authority and legal right to own its property and conduct its business
as presently conducted and to execute, deliver and perform the terms of this Agreement.

 

(ii)          
This Agreement has been duly authorized, executed and delivered by the Certificate Administrator and, assuming due authorization,
execution and delivery by the other parties hereto, constitutes a legal, valid and binding instrument enforceable against the
Certificate Administrator in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization
or other similar laws affecting the enforcement of creditors’ rights in general and by general equity principles (regardless
of whether such enforcement is considered in a proceeding in equity or at law).

 

(iii)         Neither the execution and delivery of this Agreement by the Certificate Administrator nor the consummation by the Certificate
Administrator of the transactions herein contemplated to be performed by the Certificate Administrator, nor compliance by the
Certificate Administrator with the provisions hereof, will conflict with or result in a breach of, or constitute a default under,
any of the provisions of any applicable law, governmental rule, regulation, judgment, decree or order binding on the Certificate
Administrator or its properties or the organizational documents of the Certificate Administrator or the terms of any material
agreement, instrument or indenture to which the Certificate Administrator is a party or by which it is bound which, in the Certificate
Administrator’s good faith and reasonable judgment, is likely to affect materially and adversely the ability of the Certificate
Administrator to perform its obligations under this Agreement.

 

(iv)         The Certificate Administrator is not in violation of, and the execution and delivery of this Agreement by the Certificate Administrator
and its performance and compliance with the terms of this Agreement will not constitute a violation with respect to, any order
or decree of any court binding on the Certificate Administrator or any law, order or regulation of any federal, state, municipal
or governmental agency having jurisdiction, or result in the creation or imposition of any lien, charge or encumbrance which,
in any such event, would have consequences that would materially and adversely affect the ability of the Certificate Administrator
to perform its obligations under this Agreement;

 

(v)         
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 Certificate Administrator of or compliance by the Certificate
Administrator with this Agreement, or if required, such approval has been obtained prior to the Cut-off Date or which, if not
obtained, would have a materially adverse effect on the Certificate Administrator’s ability to perform its obligations hereunder;
and

 

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(vi)         To the best of the Certificate Administrator’s knowledge, no litigation is pending or threatened against the Certificate
Administrator which would prohibit its entering into or materially and adversely affect its ability to perform its obligations
under this Agreement or the Certificate Administrator Indemnification Agreement.

 

Section 2.05       
Execution and Delivery of Certificates; Issuance of Lower-Tier Regular Interests; Issuance of Upper-Tier Interests. The
Trustee acknowledges the assignment to it of the Trust Loan and the delivery of the Mortgage File to the Custodian (to the extent
the documents constituting the Mortgage File is actually delivered to the Custodian), subject to the provisions of Section 2.01 and Section 2.02 of this Agreement and, concurrently with such delivery, (i) acknowledges and hereby declares
that it holds the Trust Loan and the other assets included in the Lower-Tier REMIC on behalf of the Lower-Tier REMIC and the Holders
of the Certificates; (ii) acknowledges the issuance of the Lower-Tier Regular Interests to the Depositor in exchange for
the Trust Loan and other assets included in the Lower-Tier REMIC, (iii) acknowledges the contribution by the Depositor of
the Lower-Tier Regular Interests to the Upper-Tier REMIC and hereby declares that it holds the Lower-Tier Regular Interests on
behalf of the Upper-Tier REMIC and the Holders of the Certificates (other than the Class LR Certificates); and (iv) acknowledges
the issuance of the Class LR Certificates and, in exchange for the Lower-Tier Regular Interests, acknowledges the issuance of
the Certificates in authorized Denominations, in each case registered in the names set forth in such order or as so directed in
this Agreement and duly authenticated by the Authenticating Agent, which Certificates, along with the Class LR Certificates, evidence
ownership of the entire Trust Fund.

 

Section 2.06       
Miscellaneous REMIC Provisions. (a) The Lower-Tier Regular Interests issued hereunder are hereby designated as the
“regular interests” in the Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LR
Certificates are hereby designated as the sole class of “residual interests” in the Lower-Tier REMIC within the meaning
of Section 860G(a)(2) of the Code.

 

The
Non-VRR Certificates and the VRR Interest are hereby designated as “regular interests” in the Upper-Tier REMIC within
the meaning of Section 860G(a)(1) of the Code, and the Class R Certificates are hereby designated as the sole Class
of “residual interests” in the Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code.

 

The
Closing Date is hereby designated as the “Startup Day” of the Lower-Tier REMIC and the Upper-Tier REMIC within the
meaning of Section 860G(a)(9) of the Code. The “latest possible maturity date” for purposes of Section 860G(a)(l)
of the Code for the Lower-Tier Regular Interests and the Non-VRR Certificates and the VRR Interest is the Rated Final Distribution
Date.

 

(b)          None of the Depositor, the Trustee, the Certificate Administrator, the Master Servicer or the Special Servicer shall enter into
any arrangement by which the Trust Fund will receive a fee or other compensation for services other than as specifically contemplated
herein.

 

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ARTICLE
III

ADMINISTRATION AND SERVICING OF THE TRUST FUND

 

Section 3.01       
The Master Servicer to Act as Master Servicer; Special Servicer to Act as Special Servicer; Administration of the Whole Loan.
(a) The Master Servicer (with respect to the Whole Loan if it is a Performing Loan) and the Special Servicer (with respect
to the Whole Loan if it is a Specially Serviced Loan or an REO Loan), each as an independent contractor servicer, shall service
and administer the Whole Loan on behalf of the Trust Fund and the Trustee (as Trustee for the Certificateholders) and the Companion
Loan Holders (as a collective whole as if such Certificateholders and the Companion Loan Holders constituted a single lender),
in accordance with the Servicing Standard.

 

The
Master Servicer’s or Special Servicer’s liability for actions and omissions in its capacity as Master Servicer or
Special Servicer, as the case may be, hereunder is limited as provided herein (including, without limitation, pursuant to Section 6.03 hereof). To the extent consistent with the foregoing and subject to any express limitations set forth in this Agreement, the
Master Servicer and Special Servicer shall seek to maximize the timely and complete recovery of principal and interest on the
Notes; provided, however, that nothing herein contained shall be construed as an express or implied guarantee by
the Master Servicer or Special Servicer of the collectability of the Whole Loan. Subject only to the Servicing Standard, the Master
Servicer and Special Servicer shall have full power and authority, acting alone or through one or more Sub-Servicers (subject
to paragraph (c) of this Section 3.01, to the related Sub-Servicing Agreement with each Sub-Servicer and
to Section 3.02 of this Agreement), to do or cause to be done any and all things in connection with such servicing
and administration that it may deem consistent with the Servicing Standard and, in its reasonable judgment, in the best interests
of the Certificateholders and the Companion Loan Holders (as a collective whole as if such Certificateholders and the Companion
Loan Holders constituted a single lender), including, without limitation, with respect to the Whole Loan to prepare, execute and
deliver, on behalf of the Certificateholders, the Companion Loan Holders and the Trustee or any of them: (i) any and all
financing statements, continuation statements and other documents or instruments necessary to maintain the lien on the Mortgaged
Property and related collateral; (ii) any modifications, waivers, consents or amendments to or with respect to any documents
contained in the Mortgage File; and (iii) any and all instruments of satisfaction or cancellation, or of partial or release
or discharge, and all other comparable instruments, with respect to the Whole Loan and the Mortgaged Property. Notwithstanding
the foregoing, neither the Master Servicer nor the Special Servicer shall modify, amend, waive or otherwise consent to any change
of the terms of the Whole Loan except under the circumstances described in Section 3.03, Section 3.09,
Section 3.10, Section 3.24, Section 3.25 and Section 3.26 hereof. The Master Servicer
(with respect to the Whole Loan if it is a Performing Loan) and the Special Servicer (with respect to the Whole Loan if it is
a Specially Serviced Loan or an REO Loan) shall provide to the Borrower reports required to be provided to it pursuant to the
Loan Documents. Subject to Section 3.11 of this Agreement, the Trustee shall, upon the receipt of a written request
of a Servicing Officer, execute and deliver to the Master Servicer and Special Servicer, as applicable, any powers of attorney
(substantially in the form attached hereto as Exhibit Q or such other form as mutually agreed to by the Trustee and
the Master Servicer or the Special Servicer, as applicable) and other documents (including, but not limited to, other powers of
attorney) prepared by the Master Servicer and Special Servicer, as applicable, and necessary or

 

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appropriate (as certified in such
written request) to enable the Master Servicer and Special Servicer, as applicable, to carry out their servicing and administrative
duties hereunder. The Trustee shall not be held liable for any misuse of any such power of attorney by the Master Servicer and
Special Servicer, as applicable. Notwithstanding anything contained herein to the contrary, none of the Master Servicer or the
Special Servicer shall, without the Trustee’s written consent: (i) initiate any action, suit or proceeding solely under
the Trustee’s name without indicating the Master Servicer’s or Special Servicer’s, as applicable, representative
capacity; provided, however, that in those jurisdictions in which the foregoing requirement would not be legally
or procedurally permissible, the Master Servicer or the Special Servicer, as applicable, shall provide five (5) Business Days’
prior written notice to the Trustee of the initiation of such action, suit or proceeding (or provide such prior written notice
as the Master Servicer or the Special Servicer, as applicable, shall determine in its reasonable judgment exercised in accordance
with the Servicing Standard, to be reasonably practicable prior to filing such action, suit or proceeding) (and shall not be required
to obtain the Trustee’s written consent or indicate the Master Servicer’s or the Special Servicer’s, as applicable,
representative capacity) or (ii) take any action with the intent to cause, and that actually causes, the Trustee to be registered
to do business in any state.

 

(b)          Unless otherwise provided in the Notes, the Loan Agreement or the Co-Lender Agreement, the Master Servicer shall apply any
partial Principal Prepayment received on the Whole Loan on a date other than a Due Date to the Stated Principal Balance of the
Whole Loan as of the Due Date immediately following the date of receipt of such partial Principal Prepayment; provided
that the Master Servicer shall use its best efforts to apply any total or partial Principal Prepayment received on the Whole Loan
on a date following a Due Date but prior to the close of business on the Business Day prior to the related Servicer Remittance
Date to the Stated Principal Balance of the Whole Loan as of the Due Date immediately preceding the date of receipt of such total
or partial Principal Prepayment. Unless otherwise provided in the Notes, if the Whole Loan is defeased, the Master Servicer shall
apply any amounts received on U.S. Treasury obligations pursuant to the terms of the Loan Documents to the Stated Principal Balance
of and interest on the Whole Loan as of the Due Date immediately following the receipt of such amounts.

 

(c)         
The Master Servicer and the Special Servicer, may enter into Sub-Servicing Agreements with third parties with respect to any of
its respective obligations hereunder, provided that (i) any such agreement requires the Sub-Servicer to comply in
all material respects with all of the applicable terms and conditions of this Agreement and shall be consistent with the provisions
of this Agreement and the terms of the Loan Documents and the Co-Lender Agreement, (ii) if such Sub-Servicer is a Servicing
Function Participant, any such agreement provides that (x) the failure of such Sub-Servicer to comply with any of the requirements
under Sections 3.27, 3.28 or 3.29 of this Agreement applicable to such Sub-Servicer, including the failure
to deliver any reports or certificates at the time such report or certification is required under Sections 3.27, 3.28 or 3.29 of this Agreement and (y) the failure of such Sub-Servicer to comply with any requirements to deliver
any items required by Items 1122 and 1123 of Regulation AB under any other trust and servicing agreement relating to any other
series of certificates offered by the Depositor shall constitute a termination event by such Sub-Servicer upon the occurrence
of which the Master Servicer shall (and the Depositor may) immediately terminate the related Sub-Servicer under the related Sub-Servicing
Agreement, which termination shall be deemed for cause, (iii) no Sub-Servicer retained by the Master Servicer or the Special
Servicer, as applicable, shall grant any modification, waiver or amendment to the Whole Loan or foreclose on the Mortgage without
the approval of the Master

 

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Servicer or the Special Servicer, as applicable, which approval shall be given or withheld in accordance
with the procedures set forth in Section 3.09, Section 3.10, Section 3.24, Section 3.25 and Section 3.26 (as applicable), (iv) such agreement shall be consistent with the Servicing Standard and
(v) with respect to any Sub-Servicing Agreement entered into after the Closing Date, if such Sub-Servicer is a Servicing
Function Participant, such Sub-Servicer, at the time the related Sub-Servicing Agreement is entered into, is not a Prohibited
Party. Any such Sub-Servicing Agreement may permit the Sub-Servicer to delegate its duties to agents or Subcontractors so long
as the related agreements or arrangements with such agents or Subcontractors are consistent with the provisions of this Section 3.01(c) (including, for the avoidance of doubt, that no such agent or Subcontractor is a Prohibited Party, if such agent or Subcontractor
would be a Servicing Function Participant, at the time the related Sub-Servicing Agreement is entered into). Any monies received
by a Sub-Servicer pursuant to a Sub-Servicing Agreement (other than sub-servicing fees) shall be deemed to be received by the
Master Servicer on the date received by such Sub-Servicer.

 

Any
Sub-Servicing Agreement entered into by the Master Servicer or the Special Servicer, as applicable, shall provide that it may
be assumed by the Trustee (in its sole discretion) if the Trustee has assumed the duties of the Master Servicer or the Special
Servicer, respectively, or any successor Master Servicer or Special Servicer, as applicable, without cost or obligation to the
assuming party or the Trust Fund, upon the assumption by such party of the obligations, except to the extent they arose prior
to the date of assumption, of the Master Servicer or the Special Servicer, as applicable, pursuant to Section 7.02
(it being understood that any such obligations shall be the obligations of the terminated Master Servicer or Special Servicer,
as applicable, only).

 

Any
Sub-Servicing Agreement, and any other transactions or services relating to the Whole Loan involving a Sub-Servicer, shall be
deemed to be between the Master Servicer or the Special Servicer, as applicable, and such Sub-Servicer alone, and the Trustee,
the Certificate Administrator, the Trust Fund, Certificateholders and the Companion Loan Holders shall not be deemed parties thereto
and shall have no claims, rights (except as specified below), obligations, duties or liabilities with respect to the Sub-Servicer,
except as set forth in Section 3.01(c)(ii) and Section 3.01(d).

 

Notwithstanding
the provisions of any Sub-Servicing Agreement and this Section 3.01, in no event shall the Trust Fund, the Trustee,
the Certificate Administrator, the Depositor or the Companion Loan Holders bear any termination fee required to be paid to any
Sub-Servicer as a result of the termination of any Sub-Servicing Agreement.

 

(d)          If the Trustee or any successor Master Servicer assumes the obligations of the Master Servicer, or if the Trustee or any successor
Special Servicer assumes the obligations of the Special Servicer, in each case in accordance with Section 7.02, the
Trustee, the successor Master Servicer or such successor Special Servicer, as applicable, to the extent necessary to permit the
Trustee, the successor Master Servicer or such successor Special Servicer, as applicable, to carry out the provisions of Section 7.02,
shall, without act or deed on the part of the Trustee, the successor Master Servicer or such successor Special Servicer, as applicable,
succeed to all of the rights and obligations of the Master Servicer or the Special Servicer, as applicable, under any Sub-Servicing
Agreement entered into by the Master Servicer or the Special Servicer, as applicable, pursuant to Section 3.01(c).
In such event, such successor shall be deemed to have assumed all of the Master Servicer’s or the Special Servicer’s
interest, as applicable, therein (but not any liabilities or obligations in respect of acts or omissions of the Master Servicer
or the Special Servicer, as

 

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applicable, prior to such deemed assumption) and to have replaced the Master Servicer or the Special
Servicer, as applicable, as a party to such Sub-Servicing Agreement to the same extent as if such Sub-Servicing Agreement had
been assigned to such successor, except that the Master Servicer or the Special Servicer, as applicable, shall not thereby be
relieved of any liability or obligations under such Sub-Servicing Agreement that accrued prior to the succession of such successor.

 

If
the Trustee or any successor Master Servicer or successor Special Servicer, as applicable, assumes the servicing obligations of
the Master Servicer or the Special Servicer, as applicable, then upon request of such successor, the Master Servicer or Special
Servicer, as applicable, shall at its own expense (except in the event that the Special Servicer is terminated pursuant to Section 3.22,
at the expense of the Certificateholders effecting such termination, as applicable) deliver to such successor all documents and
records relating to any Sub-Servicing Agreement and the Trust Loan and/or the Companion Loan then being serviced thereunder and
an accounting of amounts collected and held by it, if any, and shall otherwise use commercially reasonable efforts to effect the
orderly and efficient transfer of any Sub-Servicing Agreement to such successor. The Master Servicer shall not be required to
assume the obligations of the Special Servicer and nothing in this paragraph shall imply otherwise.

 

(e)          
In order to comply with laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions,
including those relating to the funding of terrorist activities and money laundering (for purposed of this clause (e),
“Applicable Law”), the Master Servicer and the Special Servicer, as the case may be, are required to obtain,
verify and record certain information relating to individuals and entities that maintain a business relationship with the Master
Servicer or the Special Servicer. Accordingly, each of the parties hereto agrees to provide to the Master Servicer and the Special
Servicer, upon its respective request from time to time, such identifying information and documentation as may be available for
such party in order to enable the Master Servicer and the Special Servicer to comply with Applicable Law.

 

(f)          
The parties hereto acknowledge that the Whole Loan is subject to the terms and conditions of the Co-Lender Agreement. The
parties hereto further recognize the rights and obligations of the Companion Loan Holders under the Co-Lender Agreement, including,
without limitation with respect to (A) the allocation of collections (and all other amounts received in connection with the
Whole Loan) on or in respect of the Whole Loan and (B) the allocation of Default Interest on or in respect of the Whole Loan.
In the event of any inconsistency or discrepancy between the provisions, terms or conditions of the Co-Lender Agreement and
the provisions, terms or conditions of this Agreement, the Co-Lender Agreement shall govern, and as to any matter on which
the Co-Lender Agreement is silent or makes reference to this Agreement, this Agreement shall govern.

 

Section 3.02       
Liability of the Master Servicer and the Special Servicer When Sub-Servicing. Notwithstanding any Sub-Servicing Agreement,
any of the provisions of this Agreement relating to agreements or arrangements between the Master Servicer or Special Servicer,
as applicable, and any Person acting as Sub-Servicer (or its agents or Subcontractors) or any reference to actions taken through
any Person acting as Sub-Servicer or otherwise, the Master Servicer or the Special Servicer, as applicable, shall remain obligated
and primarily liable to the Trustee (on behalf of the Certificateholders and the Companion Loan Holders) and the Certificateholders
for the servicing and administering of the Whole Loan in accordance with the

 

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provisions of this Agreement without diminution of
such obligation or liability by virtue of such Sub-Servicing Agreements or arrangements or by virtue of indemnification from the
Depositor or any other Person acting as Sub-Servicer (or its agents or Subcontractors) to the same extent and under the same terms
and conditions as if the Master Servicer or the Special Servicer, as applicable, alone was servicing and administering the Whole
Loan. Each of the Master Servicer and the Special Servicer shall be entitled to enter into an agreement with any Sub-Servicer
providing for indemnification of the Master Servicer or the Special Servicer, as applicable, by such Sub-Servicer, and nothing
contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification
shall be deemed to limit or modify this Agreement.

 

Section 3.03       
Collection of Whole Loan Payments. (a) The Master Servicer (with respect to the Whole Loan if it is a Performing Loan)
and the Special Servicer (with respect to the Whole Loan if it is a Specially Serviced Loan) shall use reasonable efforts to collect
all payments called for under the terms and provisions of the Whole Loan, and shall follow the Servicing Standard with respect
to such collection procedures; provided, however, that nothing herein contained shall be construed as an express
or implied guarantee by the Master Servicer or the Special Servicer of the collectibility of the Whole Loan. With respect to the
Performing Loan, the Master Servicer shall use its reasonable efforts, consistent with the Servicing Standard, to collect income
statements and rent rolls from the Borrower as required by the Loan Documents and the terms hereof. The Master Servicer shall
provide at least 90 days’ notice (with a copy to the Special Servicer) to the Borrower of Balloon Payments coming due. Consistent
with the foregoing, the Master Servicer (with respect to the Whole Loan if it is a Performing Loan) or the Special Servicer (with
respect to the Whole Loan if it is a Specially Serviced Loan) may in their discretion waive any late payment charge or Default
Interest in connection with any delinquent Monthly Payment or Balloon Payment with respect to the Whole Loan. In addition, the
Special Servicer shall be entitled to take such actions with respect to the collection of payments on the Whole Loan as is permitted
or required under this Agreement.

 

Section 3.04       
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a)  The Master Servicer shall maintain
accurate records with respect to the Mortgaged Property reflecting the status of taxes, assessments and other similar items that
is or may become a lien thereon and the status of insurance premiums payable with respect thereto. If the Whole Loan is a Specially
Serviced Loan, the Special Servicer shall use its reasonable efforts, consistent with the Servicing Standard, to collect income
statements and rent rolls from the Borrower as required by the Loan Documents. The Special Servicer, in the case of an REO Loan,
and the Master Servicer, in the case of the Whole Loan, shall use reasonable efforts consistent with the Servicing Standard to,
from time to time, (i) obtain all bills for the payment of such items (including renewal premiums), and (ii) effect,
or, if the Special Servicer, to use reasonable efforts to cause the Master Servicer to effect, payment of all such bills with
respect to the Mortgaged Property prior to the applicable penalty or termination date, in each case employing for such purpose
Escrow Payments as allowed under the terms of the Loan Documents. If the Borrower fails to make any such payment on a timely basis
or collections from the Borrower are insufficient to pay any such item before the applicable penalty or termination date, the
Master Servicer shall advance the amount of any shortfall as a Property Advance unless the Master Servicer determines in accordance
with the Servicing Standard that such Advance would be a Nonrecoverable Advance (provided that with respect to advancing
insurance premiums or delinquent tax assessments the

 

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Master Servicer shall comply with the provisions of Section 3.21(d) of this Agreement). The Master Servicer shall be entitled to reimbursement of Property Advances, with interest thereon at
the Advance Rate, that it makes pursuant to this Section 3.04 of this Agreement from amounts received on or in respect
of the Whole Loan respecting which such Advance was made or if such Advance has become a Nonrecoverable Advance, to the extent
permitted by Section 3.06 of this Agreement. No costs incurred by the Master Servicer in effecting the payment of
taxes and assessments on the Mortgaged Property shall, for the purpose of calculating distributions to Certificateholders, be
added to the amount owing under the Whole Loan, notwithstanding that the terms of the Whole Loan so permit.

 

(b)          The Master Servicer shall segregate and hold all funds collected and received constituting Escrow Payments separate and apart
from any of its own funds and general assets and shall establish and maintain one or more segregated custodial accounts (each,
an “Escrow Account”) into which all Escrow Payments shall be deposited within two (2) Business Days after
receipt of properly identified funds and maintained in accordance with the requirements of the Whole Loan and in accordance with
the Servicing Standard. The Master Servicer shall also deposit into each Escrow Account any amounts representing losses on Permitted
Investments to the extent required pursuant to Section 3.07(b) of this Agreement and any Insurance Proceeds or Liquidation
Proceeds which are required to be applied to the restoration or repair of the Mortgaged Property pursuant to the Whole Loan. Escrow
Accounts shall be Eligible Accounts (except to the extent the Loan Documents require it to be held in an account that is not an
Eligible Account); provided, however, that in the event the ratings of the financial institution holding such account
are downgraded to a ratings level below that of an Eligible Account (except to the extent the Loan Documents require it to be
held in an account that is not an Eligible Account), the Master Servicer shall have 30 Business Days (or such longer time as confirmed
by a No Downgrade Confirmation, obtained at the expense of the Master Servicer relating to the Certificates) to transfer such
account to an Eligible Account. Escrow Accounts shall be entitled, “Wells Fargo Bank, National Association, as Master Servicer,
on behalf of Wilmington Trust, National Association, as Trustee, in trust for the benefit of the Holders of CPTS 2019-CPT Mortgage
Trust Commercial Mortgage Pass-Through Certificates, the Borrower and the Companion Loan Holders”. Withdrawals from an Escrow
Account may be made by the Master Servicer only:

 

(i)           
to effect timely payments of items constituting Escrow Payments for the Mortgage;

 

(ii)         
to transfer funds to the Collection Account (or any sub-account thereof) to reimburse the Master Servicer or the Trustee for any
Property Advance (with interest thereon at the Advance Rate) relating to Escrow Payments, but only from amounts received with
respect to the Whole Loan which represent late collections of Escrow Payments thereunder;

 

(iii)         
for application to the restoration or repair of the Mortgaged Property in accordance with the Whole Loan and the Servicing Standard;

 

(iv)         to clear and terminate such Escrow Account upon the termination of this Agreement or pay-off of the Whole Loan;

 

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(v)          to pay from time to time to the Borrower any interest or investment income earned on funds deposited in the Escrow Account if
such income is required to be paid to the Borrower under law or by the terms of the Loan Documents, or otherwise to the Master
Servicer; or

 

(vi)         to remove any funds deposited in an Escrow Account that were not required to be deposited therein or to refund amounts to the
Borrower determined to be overages.

 

(c)          The Master Servicer shall, as to the Whole Loan (i) maintain accurate records with respect to the Mortgaged Property reflecting
the status of real estate taxes, assessments and other similar items that are or may become a lien thereon and the status of insurance
premiums and any ground rents payable in respect thereof and (ii) use reasonable efforts to obtain, from time to time, all
bills for (or otherwise confirm) the payment of such items (including renewal premiums) and, if the Whole Loan requires the Borrower
to escrow for such items, shall effect payment thereof prior to the applicable penalty or termination date. For purposes of effecting
any such payment for which it is responsible, the Master Servicer shall apply Escrow Payments as allowed under the terms of the
Loan Documents (or, if the Whole Loan does not require the Borrower to escrow for the payment of real estate taxes, assessments,
insurance premiums, ground rents (if applicable) and similar items, the Master Servicer shall use reasonable efforts consistent
with the Servicing Standard to cause the Borrower to comply with the requirement of the Mortgage that the Borrower makes payments
in respect of such items at the time they first become due and, in any event, prior to the institution of foreclosure or similar
proceedings with respect to the Mortgaged Property for nonpayment of such items). Subject to Section 3.21 of this
Agreement, the Master Servicer shall timely make a Property Advance to cover any such item which is not so paid, including any
penalties or other charges arising from the Borrower’s failure to timely pay such items.

 

Section 3.05       
Collection Account; Distribution Accounts and Interest Reserve Account. (a)  The Master Servicer shall establish
and maintain a Collection Account, for the benefit of the Certificateholders, the Companion Loan Holders and the Trustee as the
Holder of the Lower-Tier Regular Interests. The Collection Account shall be established and maintained as an Eligible Account.

 

The
Master Servicer shall deposit or cause to be deposited in the Collection Account within two Business Days following receipt of
properly identified funds of the following payments and collections received or made by or on behalf of it on or with respect
to the Whole Loan subsequent to the Cut-off Date:

 

(i)          
all payments on account of principal on the Whole Loan, including the principal component of all Unscheduled Payments;

 

(ii)          all payments on account of interest on the Whole Loan (net of the related Servicing Fee Rate), including Default Interest, Prepayment
Charges and the interest component of all Unscheduled Payments;

 

(iii)         any amounts required to be deposited pursuant to Section 3.07(b) of this Agreement, in connection with net losses
realized on Permitted Investments with respect to funds held in the Collection Account;

 

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(iv)         all Net REO Proceeds withdrawn from the related REO Account pursuant to Section 3.15(b) of this Agreement;

 

(v)         
any amounts received from the Borrower which represent recoveries of Property Protection Expenses or items for which Administrative
Advances were made and are allocable to the Whole Loan, to the extent not permitted to be retained by the Master Servicer as provided
herein;

 

(vi)         all Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds received in respect of the Whole Loan or REO Property,
other than Liquidation Proceeds that are received in connection with a purchase of the Whole Loan or REO Property that are to
be deposited in the Lower Tier Distribution Account pursuant to Section 9.01 of this Agreement, together with any
amounts representing recoveries of Nonrecoverable Advances in respect of the Whole Loan;

 

(vii)        Penalty Charges on the Whole Loan to the extent required to offset interest on Advances and Additional Trust Fund Expenses pursuant
Section 3.12(d) of this Agreement;

 

(viii)       any amounts required to be deposited by the Master Servicer or the Special Servicer pursuant to Section 3.08(b) of
this Agreement in connection with losses resulting from a deductible clause in a blanket or master force-placed policy in respect
of the Mortgaged Property;

 

(ix)          any other amounts required by the provisions of this Agreement (including without limitation, with respect to the Companion Loans
or any mezzanine indebtedness that may exist on a future date, all amounts received pursuant to the cure and purchase rights or
reimbursement obligations set forth in the Co-Lender Agreement, related mezzanine intercreditor agreement) to be deposited
into the Collection Account by the Master Servicer or Special Servicer;

 

(x)          
any Master Servicer Prepayment Interest Shortfall Amounts in respect of the Trust Loan pursuant to Section 3.17(c)
of this Agreement; and

 

(xi)          any indemnity payment received from a Trust Loan Seller in connection with its indemnification of the Trust for losses directly
related to a Material Breach or Material Document Defect pursuant to Section 2.03(e) of this Agreement.

 

The
foregoing requirements for deposits in the Collection Account shall be exclusive, it being understood and agreed that, without
limiting the generality of the foregoing, payments in the nature of late payment charges (subject to Section 3.12
and the Co-Lender Agreement), Assumption Fees, Modification Fees, consent fees, extension fees, demand fees, defeasance fees,
beneficiary statement charges and similar fees need not be deposited in the Collection Account by the Master Servicer or the Special
Servicer, as applicable, and, to the extent permitted by applicable law, the Master Servicer or the Special Servicer, as applicable,
in accordance with Section 3.12 hereof, shall be entitled to retain any such charges and fees received with respect
to the Whole Loan as additional compensation.

 

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In
the event that the Master Servicer deposits in the Collection Account any amount not required to be deposited therein, it may
at any time withdraw such amount from the Collection Account, any provision herein to the contrary notwithstanding.

 

Upon
receipt of any of the amounts described in clauses (i), (ii), (v), (vi), (vii) and (ix) above of this Section 3.05(a) with respect to the Whole Loan if it is a Specially Serviced Loan but is not an
REO Loan, the Special Servicer shall remit such amounts within one Business Day after receipt thereof (except, if such amounts
are not properly identified, the Special Servicer shall promptly identify such amounts and shall remit such amounts within one
Business Day after such identification) to the Master Servicer for deposit into the Collection Account in accordance with the
second paragraph of this Section 3.05 of this Agreement, unless the Special Servicer determines, consistent with the
Servicing Standard, that a particular item should not be deposited because of a restrictive endorsement or other appropriate reason.
Any such amounts received by the Special Servicer with respect to the REO Property shall be deposited by the Special Servicer
into the REO Account and remitted to the Master Servicer for deposit into the Collection Account pursuant to Section 3.15(b) of this Agreement. With respect to any such amounts paid by check to the order of the Special Servicer, the Special Servicer
shall endorse without recourse or warranty such check to the order of the Master Servicer and shall promptly deliver any such
check to the Master Servicer by overnight courier.

 

(b)          The Certificate Administrator shall establish and maintain the Lower-Tier Distribution Account in its own name for the benefit
of the Trustee, in trust for the benefit of the Certificateholders, the Companion Loan Holders and the Trustee as the Holder of
the Lower-Tier Regular Interests. The Lower-Tier Distribution Account shall be established and maintained as an Eligible Account
or as a sub-account of an Eligible Account.

 

(c)         
With respect to each Distribution Date, the Master Servicer shall deliver to the Certificate Administrator, on or before the Servicer
Remittance Date, Aggregate Available Funds then on deposit in the Collection Account after giving effect to withdrawals of funds
pursuant to Section 3.06 of this Agreement. Upon receipt from the Master Servicer of such amounts held in the Collection
Account, the Certificate Administrator shall deposit in the Lower-Tier Distribution Account (A) the amount of Aggregate
Available Funds to be distributed pursuant to Section 4.01 of this Agreement hereof, (B) Prepayment Charges to
be distributed pursuant to Section 4.01(d) of this Agreement and (C) in the Interest Reserve Account as part
of the Lower-Tier REMIC, the amount of any Withheld Amounts to be deposited pursuant to Section 3.05(e) of this Agreement.

 

(d)          The Certificate Administrator shall establish and maintain the Upper-Tier Distribution Account in its own name for the benefit
of the Trustee, in trust for the benefit of the Certificateholders. The Upper-Tier Distribution Account shall be established and
maintained as an Eligible Account or a sub-account of an Eligible Account. Promptly on each Distribution Date, the Certificate
Administrator shall withdraw or be deemed to withdraw from the Lower-Tier Distribution Account and deposit or be deemed to deposit
in the Upper-Tier Distribution Account on or before such date the Lower-Tier Distribution Amount for such Distribution Date to
be distributed in respect of the Lower-Tier Regular Interests pursuant to Section 4.01(a) of this Agreement on such
date.

 

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(e)          
The Certificate Administrator shall establish and maintain the Interest Reserve Account in its own name on behalf of the Trustee,
in trust for the benefit of the Certificateholders and the Trustee as the holder of the Lower-Tier Regular Interests. The Interest
Reserve Account shall be established and maintained as an Eligible Account or as a sub-account of an Eligible Account.

 

(f)          
On each Servicer Remittance Date occurring in (i) January of each calendar year that is not a leap year and (ii) February
of each calendar year, unless in either case such Servicer Remittance Date is the final Servicer Remittance Date, the Certificate
Administrator shall calculate the Withheld Amounts. On each such Servicer Remittance Date, the Certificate Administrator shall
withdraw or be deemed to withdraw from the Lower-Tier Distribution Account and deposit or be deemed to deposit in the Interest
Reserve Account an amount equal to the aggregate of the Withheld Amounts calculated in accordance with the previous sentence.
If the Certificate Administrator shall deposit in the Interest Reserve Account any amount not required to be deposited therein,
it may at any time withdraw such amount from the Interest Reserve Account any provision herein to the contrary notwithstanding.
On or prior to the Servicer Remittance Date in March of each calendar year (or in February if the final Distribution Date will
occur in such month), the Certificate Administrator shall transfer to the Lower-Tier Distribution Account the aggregate of all
Withheld Amounts on deposit in the Interest Reserve Account.

 

(g)          Funds in the Collection Account and the REO Account may be invested in Permitted Investments in accordance with the provisions
of Section 3.07 of this Agreement. Funds in the Distribution Account and the Interest Reserve Account shall remain
uninvested.

 

The
Master Servicer shall give written notice to the Depositor, the Trustee, the Certificate Administrator and the Special Servicer
of the location and account number of the Collection Account as of the Closing Date and shall notify the Depositor, the Special
Servicer, the Certificate Administrator and the Trustee, as applicable, in writing prior to any subsequent change thereof. The
Certificate Administrator shall give written notice to the Depositor, the Trustee, the Special Servicer and the Master Servicer
of the location and account number of each of the Distribution Accounts and the Interest Reserve Account as of the Closing Date
and shall notify the Depositor, the Trustee, the Special Servicer and the Master Servicer, as applicable, in writing prior to
any subsequent change thereof.

 

(h)          Notwithstanding anything to the contrary contained herein, with respect to each Due Date prior to contribution of a Companion
Loan into a securitization, on the Servicer Remittance Date and following the contribution of a Companion Loan into a securitization,
on the earlier of (a) the Servicer Remittance Date or (b) the first Business Day after the “determination date”
as such term or similar term is defined in the Other Pooling and Servicing Agreement (provided, however, that in
no event shall such “determination date” occur prior to (and any such otherwise earlier “determination date”
shall be deemed to occur on) the 9th day of each month or, if such 9th day is not a Business Day, the next succeeding Business
Day), the Master Servicer shall remit, from amounts on deposit in the Collection Account, to each Companion Loan Holder by wire
transfer in immediately available funds to the account of such Companion Loan Holder or an agent therefor appearing on the Companion
Loan Holder Register on the related date such amounts as are required to be remitted (or, if no such account so appears or information
relating thereto is not provided at least five (5) Business Days prior to the date such amounts are required to be remitted, by
check sent by first class mail to the address of such Companion Loan Holder or its

 

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agent appearing on the Companion Loan Holder
Register) the applicable Remittance Amount allocable to such Companion Loan Holder.

 

Section 3.06    
Permitted Withdrawals from the Collection Account and the Distribution Accounts; Trust Ledger. (a) The Master Servicer
shall maintain a separate Trust Ledger with respect to the Whole Loan on which it shall make ledger entries as to amounts deposited
(or credited) or withdrawn (or debited) with respect thereto. On each Servicer Remittance Date (or such other date as specified
below or on which funds are available for such purpose as specified below), with respect to the Whole Loan, the Master Servicer
shall make withdrawals from amounts allocated thereto in the Collection Account (and may debit the Trust Ledger and any related
sub-ledger)) for the purposes listed below in accordance with the allocation priorities in the Co-Lender Agreement (the order
set forth below not constituting an order of priority for such withdrawals):

 

(i)          
on or before 3:00 p.m. (New York City Time) on each Servicer Remittance Date, to remit to the Certificate Administrator the
amounts to be deposited into the Lower-Tier Distribution Account (including without limitation the aggregate of the Aggregate
Available Funds and Prepayment Charges) which the Certificate Administrator shall then deposit into the Upper-Tier Distribution
Account and the Interest Reserve Account, pursuant to Section 3.05(d) and Section 3.05(c) of this Agreement,
respectively;

 

(ii)          
to pay (A) itself, unpaid Servicing Fees (or, with respect to any Excess Servicing Fee Rights, to pay any Excess Servicing
Fees to the holder of such Excess Servicing Fee Rights pursuant to Section 3.12(a) of this Agreement); and the Special
Servicer, unpaid Special Servicing Fees, Liquidation Fees and Workout Fees in respect of the Whole Loan, Specially Serviced Loan
or REO Loan, as applicable, the Master Servicer’s or Special Servicer’s, as applicable, rights to payment of Servicing
Fees and Special Servicing Fees, Liquidation Fees and Workout Fees pursuant to this clause (ii)(A) with respect to
the Whole Loan, Specially Serviced Loan or REO Loan, as applicable, being limited to amounts received on or in respect of the
Whole Loan, Specially Serviced Loan or REO Loan, as applicable (whether in the form of payments, Liquidation Proceeds, Insurance
Proceeds or Condemnation Proceeds), that are allocable as recovery of interest thereon and (B) the Special Servicer, any
unpaid Special Servicing Fees, Liquidation Fees and Workout Fees in respect of a Specially Serviced Loan or an REO Loan, as applicable,
remaining unpaid out of general collections on the Whole Loan, Specially Serviced Loan and REO Property;

 

(iii)         to reimburse itself or the Trustee, as applicable (in reverse of such order with respect to the Trust Loan), for unreimbursed
P&I Advances with respect to the Trust Loan (other than Nonrecoverable Advances, which are reimbursable pursuant to clause (v) below) and to reimburse each related Companion Loan Service Provider for unreimbursed Companion Loan Advances with respect
to a related Companion Loan (other than such advance which have been determined to be nonrecoverable, which are reimbursable pursuant
to clause (v) below), the Master Servicer’s, the Trustee’s and the applicable Serviced Companion Loan Service
Provider’s right to reimbursement pursuant to this clause (iii) being limited to amounts received which represent
Late Collections for the Trust Loan or the related Companion Loan, as applicable (as allocated thereto pursuant to the Co-Lender
Agreement), during the applicable period;

 

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(iv)         to reimburse itself or the Trustee, as applicable (in reverse of such order with respect to the Whole Loan or REO Property), for
unreimbursed Property Advances and Administrative Advances, the Master Servicer’s or the Trustee’s respective rights
to receive payment pursuant to this clause (iv) with respect to the Whole Loan or REO Property being limited to, as
applicable, payments received from the Borrower which represent reimbursements of such Property Advances or Administrative Advances,
as applicable, Liquidation Proceeds, Insurance Proceeds, Condemnation Proceeds and REO Proceeds with respect to the Whole Loan
or REO Property;

 

(v)          (A) first, to reimburse itself and the Trustee, as applicable (in reverse of such order with respect to the Whole
Loan or REO Property), with respect to Nonrecoverable Property Advances, second, to reimburse or itself and the Trustee,
as applicable, and each related Companion Loan Service Provider (in reverse of such order with respect to the Whole Loan or REO
Property) with respect to Nonrecoverable P&I Advances and nonrecoverable Companion Loan Advances with respect to the Senior
Notes, on a pro rata and pari passu basis (based on the total outstanding principal balance of the Senior Notes),
third to reimburse itself and the Trustee, as applicable (in reverse of such order with respect to the Whole Loan or REO
Property) with respect to Nonrecoverable P&I Advances with respect to the Junior Note, based on the outstanding principal
balance of the Junior Note, and fourth, to reimburse itself and the Trustee, as applicable (in reverse of such order with
respect to the Whole Loan or REO Property), with respect to Nonrecoverable Administrative Advances with respect to the Trust Notes,
on a pro rata and pari passu basis (based on the total outstanding principal balance of the Trust Notes), first,
out of Liquidation Proceeds, Insurance Proceeds, Condemnation Proceeds and REO Proceeds received on the Whole Loan and REO Property,
second, out of the principal portion of general collections on the Whole Loan and REO Property, and then, to the
extent the principal portion of general collections is insufficient and with respect to such deficiency only, subject to any election
at its sole discretion (or at the Trustee’s sole discretion for the reimbursement of the Trustee) to defer reimbursement
thereof pursuant to this Section 3.06 of this Agreement, out of other collections on the Whole Loan and REO Property;
provided that, in the case of Nonrecoverable Property Advances, only to the extent that amounts on deposit in the Collection
Account are insufficient for reimbursement therefor, the Master Servicer shall use commercially reasonable efforts to exercise
on behalf of the Trust the rights of the Trust under the Co-Lender Agreement to obtain reimbursement for a pro rata portion
of such amount allocable to each Companion Loan from the related Companion Loan Holder and (B) to pay itself or the Special
Servicer out of general collections on the Whole Loan and REO Property, with respect to the Whole Loan or REO Property any related
earned Servicing Fee, Special Servicing Fee, Liquidation Fee or Workout Fee, as applicable, that remained unpaid in accordance
with clause (ii) above following a Final Recovery Determination made with respect to the Whole Loan or REO Property
and the deposit into the Collection Account of all amounts received in connection therewith;

 

(vi)         at such time as it reimburses itself and the Trustee, as applicable (in reverse of such order with respect to the Whole Loan or
REO Property), for (A) any unreimbursed P&I Advance made with respect to the Trust Loan or any unreimbursed Companion
Loan Advances made with respect to the Companion Loans pursuant to clause (iii) above, to pay 

 

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itself the Trustee or
the applicable Companion Loan Service Provider, as applicable, any Advance Interest Amounts accrued and payable thereon, (B) any
unreimbursed Property Advances made with respect to the Whole Loan or REO Property or Administrative Advances made with respect
to the Trust Loan or REO Property pursuant to clause (iv) above, to pay itself or the Trustee, as the case may be, any
Advance Interest Amounts accrued and payable thereon or (C) any Nonrecoverable Advances (or nonrecoverable Companion Loan
Advances) made with respect to the Trust Loan or Whole Loan, as applicable, or REO Property pursuant to clause (v)
above, to pay itself, the Trustee or the applicable Companion Loan Service Provider, as the case may be, any Advance Interest
Amounts (or interest on Companion Loan Advances) accrued and payable thereon, in each case first from Penalty Charges as provided
in Section 3.12(d) and then from general collections; provided that, in the case of (A) above, such party’s
right to reimbursement pursuant to this clause (vi) shall be limited to amounts on deposit in the Collection Account allocable
to the Trust Loan or the related Companion Loan for which the advance was made;

 

(vii)        to reimburse itself, the Special Servicer, the Custodian, the Certificate Administrator or the Trustee, as the case may be, for
any unreimbursed expenses reasonably incurred by such Person in respect of any Breach or Defect giving rise to a repurchase obligation
of the Trust Loan Sellers under Section 6 of each Trust Loan Purchase Agreement, including, without limitation, any expenses
arising out of the enforcement of the repurchase obligation, together with interest thereon at the Advance Rate, each such Person’s
right to reimbursement pursuant to this clause (vii) with respect to the Trust Loan subject to the following: (a) if
the Repurchase Price is paid for the Trust Loan, then such Person’s right to reimbursement shall be limited to that portion
of the Repurchase Price that represents such expense in accordance with clause (e) of the definition of Repurchase
Price, or (b) if no Repurchase Price or an indemnity payment pursuant to Section 2.03(e) is paid and proceedings
are instituted to enforce the Trust Loan Sellers’ payment or performance pursuant to each Trust Loan Purchase Agreement,
then such Person shall be entitled to reimbursement from the Trust following the adjudication of such proceedings in favor of
the Trust Loan Sellers or settlement of the Breach or Defect claim with respect to collections relating to the Trust Loan;

 

(viii)       to pay itself all Prepayment Interest Excesses on the Whole Loan (if and to the extent any such Prepayment Interest Excess exceeds
any Master Servicer Prepayment Interest Shortfall Amounts calculated pursuant to Section 3.17(c) of this Agreement);

 

(ix)         
 (A) to pay itself, as additional Servicing Compensation in accordance with Section 3.12(a) of this Agreement,
(1) interest and investment income earned in respect of amounts relating to the Trust Fund held in the Collection Account
as provided in Section 3.12(b) of this Agreement (but only to the extent of the net investment earnings with respect
to such Collection Account for any period from any Distribution Date to the immediately succeeding Servicer Remittance Date) and
(2) Penalty Charges on the Whole Loan so long as it is not a Specially Serviced Loan or REO Loan, but only to the extent
collected from the Borrower and only to the extent that all amounts then due and payable with respect to the Whole Loan have been
paid and are not needed to pay interest on Advances or Companion Loan Advances in accordance with Section 3.12 and/or
pay or 

 

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reimburse the Trust for Additional Trust Fund Expenses incurred with respect to the Whole Loan during or prior to the related
Collection Period (including Special Servicing Fees, Workout Fees or Liquidation Fees); and (B) to pay the Special Servicer,
as additional servicing compensation in accordance with Section 3.12(c) of this Agreement, Penalty Charges on the
Whole Loan so long as it is a Specially Serviced Loan or REO Loan, but only to the extent collected from the Borrower and only
to the extent that all amounts then due and payable with respect to the Specially Serviced Loan have been paid and are not needed
to pay interest on Advances or Additional Trust Fund Expenses (including Special Servicing Fees, Workout Fees or Liquidation Fees),
all in accordance with Section 3.12;

 

(x)          
to pay itself, the Special Servicer, the Depositor or any of their respective directors, officers, members, managers, employees
and agents, as the case may be, any amounts payable to any such Person pursuant to Section 6.03(a) of this Agreement;

 

(xi)          to pay for the cost of the Opinions of Counsel contemplated by Sections 3.10(e), 3.10(f), 3.15(a), 3.15(b) and 10.08 of this Agreement;

 

(xii)         to pay out of general collections on the Whole Loan and REO Property any and all federal, state and local taxes imposed on the
Upper-Tier REMIC, the Lower-Tier REMIC or any of their assets or transactions, together with all incidental costs and expenses,
to the extent that none of the Master Servicer, the Special Servicer or the Trustee is liable therefor pursuant to this Agreement;

 

(xiii)        to reimburse the Trustee, the Custodian or the Certificate Administrator out of general collections on the Whole Loan and
REO Property for expenses incurred by and reimbursable to it by the Trust Fund;

 

(xiv)        to pay any Person permitted to purchase the Trust Loan under Section 3.16 of this Agreement with respect to the Trust
Loan, if any, previously purchased by such Person pursuant to this Agreement, all amounts received thereon subsequent to the date
of purchase relating to periods after the date of purchase;

 

(xv)         to pay to itself, the Special Servicer, the Trustee, the Certificate Administrator, the Custodian or the Depositor, as the case
may be, any amount specifically required to be paid to such Person at the expense of the Trust Fund under any provision of this
Agreement to which reference is not made in any other clause of this Section 3.06, it being acknowledged that this
clause (xv) shall not be construed to modify any limitation or requirement otherwise set forth in this Agreement as
to the time at which any Person is entitled to payment or reimbursement of any amount or as to the funds from which any such payment
or reimbursement is permitted to be made;

 

(xvi)        to withdraw from the Collection Account any sums deposited therein in error and pay such sums to the Persons entitled thereto;

 

(xvii)       to pay from time to time to itself in accordance with Section 3.07(b) of this Agreement any interest or investment
income earned on funds deposited in the Collection Account;

 

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(xviii)      [Reserved];

 

(xix)        to pay itself, the Special Servicer or the Trust Loan Sellers, as the case may be, with respect to the Trust Loan, if any, previously
purchased by such Person pursuant to or as contemplated by this Agreement, all amounts received on the Trust Loan subsequent to
the date of purchase;

 

(xx)         to pay to the Certificate Administrator, the Trustee, the Custodian or any of their directors, officers, employees, representatives
and agents, as the case may be, any amounts payable or reimbursable to any such Person pursuant to Section 8.05(d)
of this Agreement;

 

(xxi)        pursuant to the CREFC® License Agreement, to pay the CREFC® License Fee to CREFC®
on a monthly basis;

 

(xxii)       to clear and terminate the Collection Account at the termination of this Agreement pursuant to Section 9.01 of this
Agreement; and

 

(xxiii)      to make remittances each month in an aggregate amount of immediately available funds equal to the Remittance Amount to the Companion
Loan Holders in accordance with Section 3.05(h) and in accordance with the Co-Lender Agreement, including amounts
to be remitted to the Companion Loan Holders or the Companion Loan Servicer Providers under clauses (iii), (v) and
(vi); provided that Liquidation Proceeds relating to the repurchase of a Companion Loan by the related seller thereof
shall be remitted solely to the holder of such Companion Loan, as the case may be, and Liquidation Proceeds relating to the repurchase
of a Trust Loan related to the Whole Loan by the related Trust Loan Seller shall be remitted solely to the Collection Account.

 

For
the avoidance of doubt, and notwithstanding the foregoing provisions of this Section 3.06(a), any such amounts payable
from the Collection Account to the Special Servicer, the Certificate Administrator, the Trustee or to itself for which the Master
Servicer (or the Trustee) is required to advance as an Administrative Advance shall be paid from Administrative Advances therefor
deposited into the Collection Account (or deemed deposited into the Collection Account if such payment is advanced by the Master
Servicer (or the Trustee) directly to the party entitled to such payment).

 

Upon
written request, the Master Servicer shall provide to the Certificate Administrator such records and any other information in
the possession of the Master Servicer to enable the Certificate Administrator to determine the amounts attributable to the Lower-Tier
REMIC.

 

The
Master Servicer shall pay to the Trustee, the Certificate Administrator or the Special Servicer from the Collection Account amounts
permitted to be paid to the Trustee, the Certificate Administrator or the Special Servicer therefrom, promptly upon receipt of
a certificate of a Responsible Officer of the Trustee, a Responsible Officer of the Certificate Administrator or a Servicing Officer
of the Special Servicer, as applicable, describing the item and amount to which such Person is entitled (unless such payment to
the Trustee, the Certificate Administrator or the Special Servicer, as the case may be, is specifically required pursuant to this
Agreement and the

 

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timing and the amount of payment is specified in, or calculable pursuant to, this Agreement, in which case a
certificate is not required). The Master Servicer may rely conclusively on any such certificate and shall have no duty to recalculate
the amounts stated therein.

 

The
Trustee, the Certificate Administrator, the Custodian, the Special Servicer, the Master Servicer and CREFC® shall
in all cases have a right prior to the Certificateholders to any funds on deposit in the Collection Account from time to time
for the reimbursement or payment of the Servicing Compensation (including investment income), Trustee/Certificate Administrator
Fees, Special Servicing Compensation (including investment income), the CREFC® License Fee, Advances, Advance Interest
Amounts (for the Master Servicer or the Trustee), their respective indemnification payments (if any) pursuant to Section 6.03,
Section 8.05 or Section 10.02 of this Agreement (for each of such Persons other than CREFC®),
their respective expenses hereunder to the extent such fees and expenses are to be reimbursed or paid from amounts on deposit
in the Collection Account pursuant to this Agreement. For the avoidance of doubt, any fees or expenses (including legal fees)
for which a party is to be indemnified pursuant to Section 6.03 herein may be submitted directly to the Trust Fund
to be paid from amounts on deposit in the Collection Account. In addition, the Certificate Administrator, the Trustee, the Special
Servicer and the Master Servicer shall in all cases have a right prior to the Certificateholders to any funds on deposit in the
Collection Account from time to time for the reimbursement or payment of any federal, state or local taxes imposed on either Trust
REMIC.

 

Upon
the determination that a previously made Advance is a Nonrecoverable Advance, to the extent that the reimbursement thereof would
exceed the full amount of the principal portion of general collections on the Whole Loan deposited in the Collection Account and
available for distribution on the next Distribution Date, the Master Servicer or the Trustee, each at its own option and in its
sole discretion, as applicable, instead of obtaining reimbursement for the remaining amount of such Nonrecoverable Advance pursuant
to Section 3.06 or Section 3.06(b) of this Agreement immediately, may elect to refrain from obtaining
such reimbursement for such portion of the Nonrecoverable Advance during the Collection Period ending on the then-current Determination
Date for successive one-month periods for a total period not to exceed 12 months. If the Master Servicer or the Trustee makes
such an election at its sole option and in its sole discretion to defer reimbursement with respect to all or a portion of a Nonrecoverable
Advance (together with interest thereon), then such Nonrecoverable Advance (together with interest thereon) or portion thereof
shall continue to be fully reimbursable in the subsequent Collection Period (subject, again, to the same sole discretion to elect
to defer; it is acknowledged that, in such a subsequent period, such Nonrecoverable Advance shall again be payable first
from principal collections as described above prior to payment from other collections). In connection with a potential election
by the Master Servicer or the Trustee to refrain from the reimbursement of a particular Nonrecoverable Advance or portion thereof
during the one-month Collection Period ending on the related Determination Date for any Distribution Date, the Master Servicer
or the Trustee shall further be authorized (in its sole discretion) to wait for principal collections on the Trust Loan and the
Companion Loans to be received before making its determination of whether to refrain from the reimbursement of a particular Nonrecoverable
Advance (or portion thereof) until the end of such Collection Period; provided, however, that the Master Servicer
or the Trustee shall give notice of its election to the 17g-5 Information Provider (who shall promptly post such notice to the
17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement), at least 15 days prior
to any reimbursement to it of

 

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Nonrecoverable Advances from amounts in the Collection Account allocable to interest on the Whole
Loan unless (1) the Master Servicer or the Trustee determines in its sole discretion that waiting 15 days after such a notice
could jeopardize its ability to recover Nonrecoverable Advances, (2) changed circumstances or new or different information
becomes known to the Master Servicer or the Trustee that could affect or cause a determination of whether any Advance is a Nonrecoverable
Advance, whether to defer reimbursement of a Nonrecoverable Advance or the determination in clause (1) above, or (3) the
Master Servicer or the Trustee has not timely received from the Certificate Administrator information requested by the Master
Servicer or the Trustee to consider in determining whether to defer reimbursement of a Nonrecoverable Advance; provided
that, if clause (1), (2) or (3) apply, the Master Servicer or the Trustee shall give notice of an anticipated
reimbursement to it of Nonrecoverable Advances from amounts in the Collection Account allocable to interest on the Whole Loan
as soon as reasonably practicable in such circumstances to the 17g-5 Information Provider (who shall promptly post such notice
to the 17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement). Neither the Master
Servicer nor the Trustee shall have any liability for any loss, liability or expense resulting from any notice provided to each
Rating Agency contemplated by the immediately preceding sentence.

 

The
foregoing shall not, however, be construed to limit any liability that may otherwise be imposed on such Person for any failure
by such Person to comply with the conditions to making such an election under this Section 3.06 or to comply with
the terms of this Section 3.06 and the other provisions of this Agreement that apply once such an election, if any,
has been made. If the Master Servicer or the Trustee, as applicable, determines, in its sole discretion, that it should recover
the Nonrecoverable Advances without deferral as described above, then the Master Servicer or the Trustee, as applicable, shall
be entitled to immediate reimbursement of Nonrecoverable Advances with interest thereon at the Advance Rate from all amounts in
the Collection Account for such Distribution Date. Any such election by any such party to refrain from reimbursing itself or obtaining
reimbursement for any Nonrecoverable Advance or portion thereof with respect to any one or more Collection Periods shall not limit
the accrual of interest at the Advance Rate on such Nonrecoverable Advance for the period prior to the actual reimbursement of
such Nonrecoverable Advance. The Master Servicer’s or the Trustee’s, as applicable, election to defer reimbursement
of such Nonrecoverable Advances as set forth above is an accommodation to the Certificateholders and the Companion Loan Holders
and shall not be construed as an obligation on the part of the Master Servicer or the Trustee, as applicable, or a right of the
Certificateholders or the Companion Loan Holders. Nothing herein shall be deemed to create in the Certificateholders or the Companion
Loan Holders a right to prior payment of distributions over the Master Servicer’s or the Trustee’s, as applicable,
right to reimbursement for Advances (deferred or otherwise). In all events, the decision to defer reimbursement or to seek immediate
reimbursement of Nonrecoverable Advances shall be deemed to be (a) in accordance with the Servicing Standard with respect
to the Master Servicer and (b) in accordance with good faith business judgment, with respect to the Trustee, and in each
case, none of the Master Servicer, the Trustee or the other parties to this Agreement shall have any liability to one another
or to any of the Certificateholders or the Companion Loan Holders for any such election that such party makes as contemplated
by this Section 3.06 or for any losses, damages or other adverse economic or other effects that may arise from such
an election.

 

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None
of the Master Servicer, the Special Servicer or the Trustee shall be permitted to reverse any other Person’s determination
that an Advance is a Nonrecoverable Advance.

 

If
the Master Servicer or the Trustee, as applicable, is reimbursed out of general collections for any unreimbursed Advances that
are determined to be Nonrecoverable Advances (together with any interest accrued and payable thereon at the Advance Rate), then
(for purposes of calculating distributions on the Certificates) such reimbursement and payment of interest shall be deemed to
have been made: first, out of the Aggregate Principal Distribution Amount, which, but for its application to reimburse
a Nonrecoverable Advance and/or to pay interest thereon at the Advance Rate, would be included in Aggregate Available Funds for
any subsequent Distribution Date and, second, out of other amounts which, but for their application to reimburse a Nonrecoverable
Advance and/or to pay interest thereon, would be included in Aggregate Available Funds for any subsequent Distribution Date.

 

(b)          Notwithstanding anything to the contrary contained herein, with respect to each Companion Loan, the Master Servicer shall withdraw
from the related Collection Account and remit to the related Companion Loan Holders, within one (1) Business Day of receipt of
properly identified funds, any amounts that represent Late Collections or Principal Prepayments on such Companion Loan or any
successor REO Loan with respect thereto (exclusive of any portion of such amount payable or reimbursable to any third party in
accordance with the Co-Lender Agreement or this Agreement), unless such amount would otherwise be included in the monthly
remittance to the holder of such Companion Loan for such month; provided, however, that to the extent any such amounts
are received after 3:00 p.m. Eastern time on any given Business Day, the Master Servicer shall use commercially reasonable efforts
to remit such Late Collections or Principal Prepayments to the applicable Other Servicer within one (1) Business Day of receipt
of properly identified funds but, in any event, the Master Servicer shall remit such amounts within two (2) Business Days of receipt
of properly identified funds.

 

If
the Master Servicer fails, as of 5:00 p.m. (New York City Time) on any Servicer Remittance Date or any other date a remittance
is required to be made, to remit to the Certificate Administrator (in respect of the Trust Loan) or the Companion Loan Holders
(in respect of the Companion Loans) any amounts required to be so remitted hereunder by such date (including any P&I Advance
pursuant to Section 4.07 and any Excess Liquidation Proceeds allocable to the Companion Loans pursuant to Section 4.01(e)),
the Master Servicer shall pay to the Certificate Administrator (in respect of the Trust Loan) or the Companion Loan Holders (in
respect of the Companion Loans), for the account of the Certificate Administrator (in respect of the Trust Loan) or related Companion
Loan Holder (in respect of each Companion Loan), interest, calculated at the Prime Rate, on such amount(s) not timely remitted,
from the time such payment was required to be made (without regard to any grace period) until (but not including) the date such
late payment is received by the Certificate Administrator or the related Companion Loan Holder, as applicable.

 

(c)          On each Servicer Remittance Date, all net income and gain realized from investment of funds to which the Master Servicer or the
Special Servicer is entitled pursuant to Section 3.07(b) of this Agreement shall be subject to withdrawal by the Master
Servicer or the Special Servicer, as applicable.

 

(d)          If amounts required to pay the expenses allocable to the Companion Loans exceed amounts on deposit in the Collection Account and
the Master Servicer, the Special

 

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Servicer, the Certificate Administrator or the Trustee, as applicable, shall have sought reimbursement
from the Trust Fund with respect to such expenses allocable to the Companion Loans, the Master Servicer or Special Servicer, as
applicable, shall seek (on behalf of the Trust Fund, subject to the Co-Lender Agreement) payment or reimbursement for the
pro rata portion of such expenses allocable to each Companion Loan from the related Companion Loan Holder or, if such Companion
Loan has been deposited into a securitization, out of general collections in the collection account established pursuant to the
related Other Pooling and Servicing Agreement.

 

(e)          
[Reserved.]

 

(f)          
The Certificate Administrator, may, from time to time, make withdrawals from the Lower-Tier Distribution Account for any of the
following purposes (the order set forth below shall not indicate any order of priority), in each case to the extent not previously
paid from the Collection Account:

 

(i)          
to make deposits of the Lower-Tier Distribution Amount and the amount of any Prepayment Charges distributable pursuant to Section 4.01(a) of this Agreement in the Upper-Tier Distribution Account, and to make distributions on the Class LR Certificates pursuant
to Section 4.01(a) of this Agreement;

 

(ii)          
to pay itself, the Trustee and the Custodian respective portions of any accrued but unpaid Trustee/Certificate Administrator Fees;

 

(iii)         to pay itself an amount equal to all net income and gain realized from investment of funds in the Lower-Tier Distribution Account
pursuant to Section 3.07(b) of this Agreement;

 

(iv)         to pay to itself, the Trustee, the Custodian or any of their directors, officers, employees, representatives and agents, as the
case may be, any amounts payable or reimbursable to any such Person pursuant to Section 8.05(c) and Section 8.05(d) of this Agreement;

 

(v)         
to recoup any amounts deposited in the Lower-Tier Distribution Account in error; and

 

(vi)         to clear and terminate the Lower-Tier Distribution Account at the termination of this Agreement pursuant to Section 9.01 of this Agreement.

 

(g)          The Certificate Administrator, may make withdrawals from the Upper-Tier Distribution Account for any of the following purposes:

 

(i)          
to make distributions to Certificateholders (other than Holders of the Class LR Certificates) on each Distribution Date pursuant
to Section 4.01 or 9.01 of this Agreement, as applicable;

 

(ii)          
to recoup any amounts deposited in the Upper-Tier Distribution Account in error; and

 

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(iii)          to clear and terminate the Upper-Tier Distribution Account at the termination of this Agreement pursuant to Section 9.01 of this Agreement.

 

Section 3.07    
Investment of Funds in the Collection Account, the REO Account, the Lock-Box Accounts, the Cash Collateral Accounts and the
Reserve Accounts. (a)  The Master Servicer (with respect to the Collection Account and the Borrower Accounts (as
defined below and subject to the second succeeding sentence)) and the Special Servicer (with respect to any REO Account) may direct
any depository institution maintaining the Collection Account, the Borrower Accounts and the REO Account (each such account, for
purposes of this Section 3.07, an “Investment Account”), to invest the funds in such Investment
Account maintained by it in one or more Permitted Investments that bear interest or are sold at a discount, and that mature, unless
payable on demand, no later than the Business Day preceding the date on which such funds are required to be withdrawn from such
Investment Account pursuant to this Agreement. Any investment of funds on deposit in an Investment Account by the Master Servicer
or the Special Servicer shall be documented in writing and shall provide evidence that such investment is a Permitted Investment
which matures at or prior to the time required hereby or is payable on demand. In the case of any Escrow Account, Lock-Box Account,
Cash Collateral Account or Reserve Account (the “Borrower Accounts”), the Master Servicer shall act upon the
written request of the Borrower or Manager to the extent that the Master Servicer is required to do so under the terms of the
Loan Documents, provided that in the absence of appropriate written instructions from the Borrower or Manager meeting the
requirements of this Section 3.07, the Master Servicer shall have no obligation to, but will be entitled to, direct
the investment of funds in such accounts in Permitted Investments. All such Permitted Investments shall be held to maturity, unless
payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trustee (in its capacity
as such) or in the name of a nominee of the Trustee. Neither the Certificate Administrator nor the Trustee shall have any responsibility
or liability with respect to the investment directions of the Master Servicer, the Special Servicer, the Borrower or Manager or
any losses resulting therefrom, whether from Permitted Investments or otherwise. The Master Servicer shall have no responsibility
or liability with respect to the investment directions of the Special Servicer, the Certificate Administrator, the Trustee, the
Borrower or Manager or any losses resulting therefrom, whether from Permitted Investments or otherwise. The Special Servicer shall
have no responsibility or liability with respect to the investment directions of the Master Servicer, the Certificate Administrator,
the Trustee, the Borrower or Manager or any losses resulting therefrom, whether from Permitted Investments or otherwise. In the
event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Master
Servicer (or the Special Servicer) shall:

 

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

 

(y)       demand
payment of all amounts due thereunder promptly upon determination by the Master Servicer (or the Special Servicer) that such Permitted
Investment would not constitute a Permitted Investment in respect of funds thereafter on deposit in the related Investment Account.

 

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(b)          All income and gain realized from investment of funds deposited in any Investment Account shall be for the benefit of the Master
Servicer (except with respect to the investment of funds deposited in (i) the Borrower Accounts, which shall be for the benefit
of the Borrower to the extent required under the Loan Documents or applicable law or (ii) the REO Account, which shall be
for the benefit of the Special Servicer) and, if held in the Collection Account or REO Account shall be subject to withdrawal
by the Master Servicer or the Special Servicer, as applicable, in accordance with Section 3.06 or Section 3.15(b) of this Agreement, as applicable. The Master Servicer, or with respect to the REO Account, the Special Servicer, shall deposit
from its own funds into the Collection Account or any REO Account, as applicable, the amount of any loss incurred in respect of
any such Permitted Investment immediately upon realization of such loss; provided, however, that the Master Servicer
or the Special Servicer, as applicable, may reduce the amount of such payment to the extent it forgoes any investment income in
such Investment Account otherwise payable to it. The Master Servicer shall also deposit from its own funds in the Borrower Account
immediately upon realization of such loss the amount of any loss incurred in respect of Permitted Investments, except to the extent
that amounts are invested at the direction of or for the benefit of the Borrower under the terms of the Loan Documents or applicable
law; provided that neither the Master Servicer nor the Special Servicer shall be required to deposit any loss on an investment
of funds in an Investment Account if such loss is incurred solely as a result of the insolvency of the federal or state chartered
depository institution or trust company that holds such Investment Account, so long as such depository institution or trust company
has satisfied the qualifications set forth in the definition of Eligible Account both (x) at the time the investment was
made and (y) 30 days prior to such insolvency.

 

(c)          
Except as otherwise expressly provided in this Agreement, if any default occurs in the making of a payment due under any Permitted
Investment, or if a default occurs in any other performance required under any Permitted Investment, in either case as a result
of an action or inaction of the Master Servicer or the Special Servicer, as applicable, the Trustee may, and upon the request
of Holders of Certificates entitled to a majority of the Voting Rights allocated to any Class shall, take such action as may be
appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings. In the
event the Trustee takes any such action, (i) the Master Servicer, if such Permitted Investment was for the benefit of the
Master Servicer or (ii) the Special Servicer, if such Permitted Investment was for the benefit of the Special Servicer, shall
pay or reimburse the Trustee for all reasonable out-of-pocket expenses, disbursements and advances incurred or made by the Trustee
in connection therewith.

 

(d)          For the avoidance of doubt, the Collection Account, each REO Account, the Interest Reserve Account and the Lower-Tier Distribution
Account (including interest, if any, earned on the investment of funds in such accounts) will be owned by the Lower-Tier REMIC,
and the Upper-Tier Distribution Account shall be owned by the Upper-Tier REMIC, each for federal income tax purposes.

 

Section 3.08       
Maintenance of Insurance Policies and Errors and Omissions and Fidelity Coverage. (a)  Unless the Whole Loan
is an REO Loan, the Master Servicer shall use efforts consistent with the Servicing Standard to cause the Borrower to maintain
the following insurance coverage (including identifying the extent to which the Borrower is maintaining insurance coverage and,
if the Borrower does not maintain such coverage, the Master Servicer will itself cause such coverage to be maintained with Qualified
Insurers) for the Mortgaged Property:

 

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(x) except where the Loan Documents permit the Borrower to rely on self-insurance provided
by a tenant, a fire and casualty extended coverage insurance policy, which does not provide for reduction due to depreciation,
in an amount that is at least equal to the full replacement cost of improvements securing the Whole Loan, but, in any event, in
an amount sufficient to avoid the application of any co-insurance clause and (y) all other insurance coverage (including,
but not limited to, coverage for acts of terrorism) that is required, subject to applicable law, under the Loan Documents; provided that:

 

(i)          
the Master Servicer shall not be required to maintain any earthquake or environmental insurance policy on the Mortgaged Property
unless the Trustee has an insurable interest and such insurance policy was (x) in effect at the time of the origination
of the Whole Loan, or (y) was required by the Loan Documents and is available at commercially reasonable rates, provided that the Master Servicer shall require the Borrower to maintain such insurance in the amount, in the case of clause (x),
maintained at origination, and in the case of clause (y), required by the Whole Loan to the extent such amounts are
available at commercially reasonable rates and to the extent the Trustee has an insurable interest;

 

(ii)          
if and to the extent that the Loan Document grants the lender thereunder any discretion (by way of consent, approval or otherwise)
as to the insurance provider from whom the Borrower is to obtain the requisite insurance coverage, the Master Servicer shall (to
the extent consistent with the Servicing Standard) require the Borrower to obtain the requisite insurance coverage from Qualified
Insurers;

 

(iii)         the Master Servicer shall have no obligation beyond using its efforts consistent with the Servicing Standard to cause the Borrower
to maintain the insurance required to be maintained under the Loan Documents; provided, however, that this clause
shall not limit the Master Servicer’s obligation to obtain and maintain a force-placed insurance policy, as provided herein;

 

(iv)         except as provided below (including under clause (vi) below), in no event shall the Master Servicer be required to
cause the Borrower to maintain, or itself obtain, insurance coverage to the extent that the failure of the Borrower to maintain
insurance coverage is an Acceptable Insurance Default (as determined by the Special Servicer);

 

(v)         
to the extent that the Master Servicer itself is required to maintain insurance that the Borrower does not maintain, the Master
Servicer will not be required to maintain insurance other than what is available to the Master Servicer on a force-placed basis
at commercially reasonable rates, and only to the extent the Trustee as lender has an insurable interest thereon; and

 

(vi)         any explicit terrorism insurance requirements contained in the Loan Documents shall be enforced by the Master Servicer in accordance
with the Servicing Standard, unless the Special Servicer has consented to a waiver (including a waiver to permit the Master Servicer
to accept insurance that does not comply with specific requirements contained in the Loan Documents) in writing of that provision
in accordance with the Servicing Standard; provided that the Special Servicer shall promptly notify the Master Servicer
in writing of such waiver.

 

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The
Master Servicer shall notify the Special Servicer, the Certificate Administrator and the Trustee if the Master Servicer determines
in accordance with the Servicing Standard that the Borrower has failed to maintain insurance required under the Loan Documents
and such failure materially and adversely affects the interests of the Certificateholders or if the Borrower has notified the
Master Servicer in writing that the Borrower does not intend to maintain such insurance and that the Master Servicer has determined
in accordance with the Servicing Standard that such failure materially and adversely affects the interests of the Certificateholders.

 

Subject
to Section 3.15(b) of this Agreement, if the Mortgaged Property is an REO Property, the Special Servicer shall use
efforts, consistent with the Servicing Standard, to maintain (subject to the right of the Special Servicer to direct the Master
Servicer to make a Property Advance for the costs associated with coverage that the Special Servicer determines to maintain, in
which case the Master Servicer shall make such Property Advance) with Qualified Insurers to the extent reasonably available at
commercially reasonable rates and to the extent the Trustee has an insurable interest, (a) a fire and casualty extended coverage
insurance policy, which does not provide for reduction due to depreciation, in an amount that is at least equal to the full replacement
value of the Mortgaged Property (or such greater amount of coverage required by the Loan Documents (unless such amount is not
available)), but, in any event, in an amount sufficient to avoid the application of any co-insurance clause, (b) a comprehensive
general liability insurance policy with coverage comparable to that which would be required under prudent lending requirements
and in an amount not less than $1,000,000 per occurrence, and (c) to the extent consistent with the Servicing Standard, a
business interruption or rental loss insurance covering revenues or rents for a period of at least 18 months; provided,
however, that the Special Servicer shall not be required in any event to maintain or obtain insurance coverage described
in this paragraph beyond what is reasonably available at a commercially reasonable rate and consistent with the Servicing Standard.

 

All
such insurance policies maintained as described above shall contain (if they insure against loss to property) a “standard”
mortgagee clause, with loss payable to the Master Servicer (on behalf of the Trustee on behalf of Certificateholders and the Companion
Loan Holders), or shall name the Trustee as the insured, with loss payable to the Special Servicer on behalf of the Trustee (on
behalf of Certificateholders and the Companion Loan Holders) (in the case of insurance maintained if the Mortgaged Property is
an REO Property). Any amounts collected by the Master Servicer or Special Servicer, as applicable, under any such policies (other
than amounts to be applied to the restoration or repair of the Mortgaged Property or REO Property or amounts to be released to
the Borrower, in each case in accordance with the Servicing Standard) shall be deposited in the Collection Account, subject to
withdrawal pursuant to Section 3.06 of this Agreement, in the case of amounts received in respect of the Whole Loan,
or in the REO Account of the Special Servicer, subject to withdrawal pursuant to Section 3.15 of this Agreement, in
the case of amounts received in respect of the REO Property. Any cost incurred by the Master Servicer or the Special Servicer
in maintaining any such insurance shall not, for purposes hereof, including calculating monthly distributions to Certificateholders
or the Companion Loan Holders, be added to the Stated Principal Balance of the Whole Loan, notwithstanding that the terms of the
Loan Agreement may so permit; provided, however, that this sentence shall not limit the rights of the Master Servicer
or Special Servicer on behalf of the Trust Fund to enforce any obligations of the Borrower under the Whole Loan. Any costs incurred
by the Master Servicer in maintaining insurance policies in respect of the Whole Loan or a Specially Serviced Loan (other than
the REO

 

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Property) (i) if the Borrower defaults on its obligation to do so, shall be advanced by the Master Servicer as a
Property Advance and will be charged to the Borrower and (ii) shall not, for purposes of calculating monthly distributions
to Certificateholders, be added to the Stated Principal Balance of the Whole Loan, notwithstanding that the terms of the Whole
Loan may so permit. Any cost incurred by the Special Servicer in maintaining any such insurance policies with respect to the REO
Property shall be an expense of the Trust Fund (allocated in accordance with the allocation provisions of the Co-Lender Agreement)
payable out of the REO Account or, if the amount on deposit therein is insufficient therefor, advanced by the Master Servicer
as a Property Advance (or paid from the Collection Account if the Master Servicer determines such Advance would be a Nonrecoverable
Advance, subject to Section 3.21(d) of this Agreement).

 

(b)          If either:

 

(x)
the Master Servicer or Special Servicer obtains and maintains, or causes to be obtained and maintained, a blanket policy or master
force-placed policy insuring against hazard losses on all of the Mortgaged Property or REO Property, as applicable, then, to the
extent such policy (i) is obtained from a Qualified Insurer, and (ii) provides protection equivalent to the individual
policies otherwise required, or

 

(y)
the Master Servicer or Special Servicer has long-term unsecured debt obligations or deposit accounts that are rated not lower
than “A-” by Fitch, and the Master Servicer or Special Servicer self-insures for its obligation to maintain the individual
policies otherwise required,

 

then
the Master Servicer or the Special Servicer, as the case may be, shall conclusively be deemed to have satisfied its obligation
to cause hazard insurance to be maintained on the Mortgaged Property or REO Property, as applicable.

 

Such
a blanket or master force-placed policy may contain a deductible clause (not in excess of a customary amount), in which case the
Master Servicer or the Special Servicer, as the case may be, that maintains such policy shall, if there shall not have been maintained
on the Mortgaged Property or REO Property thereunder a hazard insurance policy complying with the requirements of Section 3.08(a) of this Agreement, and there shall have been one or more losses that would have been covered by such an individual policy,
promptly deposit into the Collection Account, from its own funds, the amount not otherwise payable under the blanket or master
force-placed policy in connection with such loss or losses because of such deductible clause to the extent that any such deductible
exceeds the deductible limitation that pertained to the Whole Loan (or, in the absence of any such deductible limitation, the
deductible limitation for an individual policy which is consistent with the Servicing Standard). The Master Servicer and Special
Servicer, as the case may be, shall prepare and present, on behalf of itself, the Trustee, the Certificateholders and the Companion
Loan Holders claims under any such blanket or master force-placed policy maintained by it in a timely fashion in accordance with
the terms of such policy. If the Master Servicer or Special Servicer, as applicable, causes the Mortgaged Property or REO Property
to be covered by such “force-placed” insurance policy, the incremental costs of such insurance applicable to the Mortgaged
Property or REO Property (i.e., other than any minimum or standby premium payable for such policy whether or not the Mortgaged
Property or REO Property is covered thereby) shall be paid as a Property Advance.

 

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(c)          
If the Whole Loan is subject to an Environmental Insurance Policy, and the Master Servicer has actual knowledge of any event giving
rise to a claim under an Environmental Insurance Policy, the Master Servicer shall notify the Special Servicer to such effect
and the Master Servicer shall take reasonable actions as are in accordance with the Servicing Standard and the terms and conditions
of such Environmental Insurance Policy to make a claim thereunder and achieve the payment of all amounts to which the Trust is
entitled thereunder. If the Whole Loan becomes a Specially Serviced Loan or an REO Loan and is subject to an Environmental Insurance
Policy, if the Special Servicer has actual knowledge of any event giving rise to a claim under an Environmental Insurance Policy,
such Special Servicer shall take reasonable actions as are in accordance with the Servicing Standard and the terms and conditions
of such Environmental Insurance Policy to make a claim thereunder and achieve the payment of all amounts to which the Trust, on
behalf of the Certificateholders and the Companion Loan Holders, is entitled thereunder. Any legal fees or other out-of-pocket
costs incurred in accordance with the Servicing Standard in connection with any claim under an Environmental Insurance Policy
described above (whether by the Master Servicer or Special Servicer) shall be paid by, and reimbursable to, the Master Servicer
as a Property Advance.

 

(d)              
The Master Servicer and Special Servicer shall at all times during the term of this Agreement (or, in the case of the Special
Servicer, at all times during the term of this Agreement during which the Whole Loan is a Specially Serviced Loan or an REO Loan)
keep in force with a Qualified Insurer, a fidelity bond in such form and amount as are consistent with the Servicing Standard.
The Master Servicer or Special Servicer, as applicable, shall be deemed to have complied with the foregoing provision if an Affiliate
thereof has such fidelity bond coverage and, by the terms of such fidelity bond, the coverage afforded thereunder extends to the
Master Servicer or Special Servicer, as the case may be. Such fidelity bond shall provide that it may not be canceled without
ten days’ prior written notice to the Trustee. So long as the long-term unsecured debt obligations or deposit accounts of
the Master Servicer (or its corporate parent if such insurance is guaranteed by its parent) or the Special Servicer (or its corporate
parent if such insurance is guaranteed by its parent), as applicable, are rated not lower than “A-” by S&P, “A3”
by Moody’s or at least its equivalent by KBRA (if then rated by KBRA), the Master Servicer or the Special Servicer, as applicable,
may self-insure with respect to the fidelity bond coverage required as described above, in which case it shall not be required
to maintain an insurance policy with respect to such coverage.

 

The
Master Servicer and Special Servicer, as applicable, shall at all times during the term of this Agreement (or, in the case of
the Special Servicer, at all times during the term of this Agreement during which the Whole Loan is a Specially Serviced Loan
or an REO Loan) also keep in force with a Qualified Insurer a policy or policies of insurance covering loss occasioned by the
errors and omissions of its officers and employees in connection with their servicing obligations hereunder, which policy or policies
shall be in such form and amount as are consistent with the Servicing Standard. The Master Servicer or the Special Servicer, as
applicable, shall be deemed to have complied with the foregoing provisions if an Affiliate thereof has such insurance and, by
the terms of such policy or policies, the coverage afforded thereunder extends to the Master Servicer or Special Servicer, as
the case may be. Any such errors and omissions policy shall provide that it may not be canceled without ten days’ prior
written notice to the Trustee. So long as the long-term unsecured debt obligations or deposit accounts of the Master Servicer
(or its corporate parent if such insurance is guaranteed by its parent) or the Special Servicer (or its

 

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corporate parent), as
applicable, are rated not lower than “A-” by S&P, “A3” by Moody’s or at least the equivalent
by KBRA (if then rated by KBRA), the Master Servicer or the Special Servicer, as applicable, may self-insure with respect to the
errors and omissions coverage required as described above, in which case it shall not be required to maintain an insurance policy
with respect to such coverage.

 

Section 3.09    
Enforcement of Due-on-Sale Clauses; Assumption Agreements; Defeasance Provisions. (a)  If the Whole Loan contains
a provision in the nature of a “due-on-sale” clause (including, without limitation, sales or transfers of the Mortgaged
Property (in full or part) or the sale, transfer, pledge or hypothecation of direct or indirect interests in the Borrower or its
owners), which by its terms:

 

(i)           
provides that the Whole Loan will (or may at the mortgagee’s option) become due and payable upon the sale or other transfer
of an interest in the Mortgaged Property (including, without limitation, the sale, transfer, pledge or hypothecation of direct
or indirect interests in the Borrower or its owners),

 

(ii)          
provides that the Whole Loan may not be assumed without the consent of the related mortgagee in connection with any such sale
or other transfer, or

 

(iii)         
provides that the Whole Loan may be assumed or transferred without the consent of the mortgagee, provided certain conditions
set forth in the Loan Documents are satisfied,

 

then,
for so long as the Trust Loan is included in the Trust Fund, neither the Master Servicer (with respect to the Whole Loan if it
is a Performing Loan) (with the consent of the Special Servicer) nor the Special Servicer (with respect to the Whole Loan if it
is a Specially Serviced Loan), as applicable, on behalf of the Trust Fund, shall be required to enforce any such due-on-sale clauses
and in connection therewith neither shall be required to (x) accelerate payments thereon or (y) withhold its consent
to such an assumption if (1) such provision is not enforceable under applicable law or if the Master Servicer (with respect
to the Whole Loan if it is a Performing Loan, and with the consent of the Special Servicer) or the Special Servicer (with respect
to the Whole Loan if it is a Specially Serviced Loan or an REO Loan), as applicable, determines, that the enforcement of such
provision is reasonably likely to result in meritorious legal action by the Borrower or (2) the Master Servicer (with the
consent of the Special Servicer) or the Special Servicer, as applicable, determines, in accordance with the Servicing Standard,
that granting such consent would be likely to result in a greater recovery, on a present value basis (discounting at the related
Calculation Rate), than would enforcement of such clause. If the Master Servicer (with respect to the Whole Loan if it is a Performing
Loan and with the consent of the Special Servicer) or the Special Servicer (with respect to the Whole Loan if it is a Specially
Serviced Loan or an REO Loan), as applicable, determines that (A) granting such consent would be likely to result in a greater
recovery, (B) such provision is not legally enforceable, or (C) that the conditions described in clause (a)(iii) above relating to the assumption or transfer of the Whole Loan have been satisfied, the Master Servicer (with respect to the
Whole Loan if it is a Performing Loan) (with the consent of the Special Servicer) or the Special Servicer (with respect to the
Whole Loan if it is a Specially Serviced Loan or REO Loan) is authorized to take or enter into an assumption agreement from or
with the Person to whom the Mortgaged Property has been or is about to be conveyed, and to release the original Borrower from
liability upon the Whole Loan and substitute

 

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 the new borrower as obligor thereon; provided that (a) the credit status
of the prospective new borrower is in compliance with the Master Servicer’s or the Special Servicer’s servicing standards
and criteria and the terms of the Mortgage and (b) the Master Servicer (with respect to the Whole Loan if it is a Performing
Loan) or the Special Servicer (with respect to the Whole Loan if it is a Specially Serviced Loan or REO Loan), as applicable,
has received a No Downgrade Confirmation from each of the Rating Agencies (or has been deemed to satisfy such requirement). In
addition, with respect to each Companion Loan, neither the Master Servicer nor the Special Servicer shall waive any rights under
a due on sale clause unless it first obtains a No Downgrade Confirmation with respect to the Companion Loan Securities to the
extent required under the related Other Securitization Trust. The Master Servicer and the Special Servicer shall be entitled to
rely on the master servicer and/or the special servicer of the related Other Securitization Trust to determine whether a No Downgrade
Confirmation is required with respect to any related Companion Loan under such Other Securitization Trust. In connection with
each such assumption or substitution entered into by the Special Servicer, the Special Servicer shall give prior notice thereof
to the Master Servicer. The Master Servicer (with respect to the Whole Loan if it is a Performing Loan) or the Special Servicer
(with respect to the Whole Loan if it is a Specially Serviced Loan or an REO Loan) shall notify the Trustee, the Certificate Administrator
and the Master Servicer or the Special Servicer, as applicable that any such assumption or substitution agreement has been completed
by forwarding to the Custodian (with a copy to the Master Servicer or the Special Servicer, as applicable, the Certificate Administrator
and the Trustee, as applicable) the original copy of such agreement, which copies shall be added to the Mortgage File and shall,
for all purposes, be considered a part of the Mortgage File to the same extent as all other documents and instruments constituting
a part thereof. To the extent not otherwise precluded by the Loan Documents, neither the Master Servicer (with respect to the
Whole Loan if it is a Performing Loan) (with the consent of the Special Servicer) nor the Special Servicer (with respect to a
Specially Serviced Loan or an REO Loan) shall approve an assumption or substitution without requiring the Borrower to pay any
fees owed to the Rating Agencies associated with the approval of such assumption or substitution. However, in the event that the
Borrower is required but fails to pay such fees, such fees shall be an expense of the Trust Fund; provided that, with respect
to the Companion Loans, the Master Servicer (if the Whole Loan is a Performing Loan) or the Special Servicer (if the Whole Loan
is a Specially Serviced Mortgage Loan), shall, after receiving payment from amounts on deposit in the Collection Account, if any,
(i) promptly notify the Companion Loan Holders and (ii) use efforts consistent with the Servicing Standard to exercise
on behalf of the Trust Fund the rights of the Trust Fund under the Co-Lender Agreement to obtain reimbursement for a pro
rata portion of such amount allocable to each Companion Loan from the related Companion Loan Holder.

 

(b)          If the Whole Loan contains a provision in the nature of a “due-on-encumbrance” clause, which by its terms:

 

(i)          
provides that the Whole Loan shall (or may at the mortgagee’s option) become due and payable upon the creation of any lien
or other encumbrance on the Mortgaged Property or any direct or indirect ownership interest in the Borrower (including, unless
specifically permitted, any additional mezzanine financing of the Borrower or the Mortgaged Property or any sale or transfer of
preferred equity in the Borrower or its owners),

 

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(ii)          
requires the consent of the mortgagee to the creation of any such lien or other encumbrance on the Mortgaged Property (including,
without limitation, any additional mezzanine financing of the Borrower or the Mortgaged Property or any sale or transfer of preferred
equity in the Borrower or its owners), or

 

(iii)          provides that the Mortgaged Property may be further encumbered without the consent of the mortgagee (including, without limitation,
any additional mezzanine financing of the Borrower or the Mortgaged Property or any sale or transfer of preferred equity in the
Borrower or its owners), provided that certain conditions set forth in the Loan Documents are satisfied,

 

then,
neither the Master Servicer (with respect to the Whole Loan if it is a Performing Loan) (with the consent of the Special Servicer)
nor the Special Servicer (with respect to the Whole Loan if it is a Specially Serviced Loan or an REO Loan), on behalf of the
Trust Fund, shall be required to enforce such due-on-encumbrance clauses and in connection therewith, will not be required to
(i) accelerate the payments on the Whole Loan or (ii) withhold its consent to such lien or encumbrance, if the Master
Servicer (with the consent of the Special Servicer) or the Special Servicer, as applicable, (x) determines, in accordance
with the Servicing Standard, that such enforcement would not be in the best interests of the Certificateholders and the Companion
Loan Holders, or that in the case of the circumstances described in clause (b)(iii) above, that the conditions to
further encumbrance have been satisfied and (y) receives a No Downgrade Confirmation from the Rating Agencies (or has been
deemed to satisfy such requirement). In addition, with respect to the Companion Loans, neither the Master Servicer nor the Special
Servicer shall waive any rights under a due on encumbrance clause unless it first obtains a No Downgrade Confirmation with respect
to the related Companion Loan Securities to the extent required under each related Other Securitization Trust. The Master Servicer
and the Special Servicer shall be entitled to rely on the master servicer and/or the special servicer of the Other Securitization
Trusts to determine whether a No Downgrade Confirmation is required with respect to the Companion Loan under the related Other
Securitization Trust. To the extent not otherwise precluded by the Loan Documents, neither the Master Servicer (with respect to
the Whole Loan if it is a Performing Loan and with the consent of the Special Servicer) nor the Special Servicer (with respect
to the Whole Loan if it is a Specially Serviced Loan or REO Loan) shall approve such lien or encumbrance without requiring the
Borrower to pay any fees owed to the Rating Agencies associated with the approval of such lien or encumbrance. However, in the
event that the Borrower is required but fails to pay such fees, such fees shall be an expense of the Trust Fund; provided
that the Master Servicer (if the Whole Loan is a Performing Loan) or the Special Servicer (if the Whole Loan is a Specially Serviced
Mortgage Loan), shall be required, after receiving payment from amounts on deposit in the Collection Account, if any, to (i) promptly
notify the Companion Loan Holders and (ii) use efforts consistent with the Servicing Standard to exercise on behalf of the
Trust Fund the rights of the Trust Fund under the Co-Lender Agreement to obtain reimbursement for a pro rata portion
of such amount allocable to each Companion Loan from the related Companion Loan Holder.

 

(c)          
[Reserved].

 

(d)          The Master Servicer and the Special Servicer, as applicable, shall each provide copies of any waivers it effects pursuant to Section 3.09(a) or (b) of this Agreement to the other party and the 17g-5 Information Provider (which shall promptly post such waivers
to the

 

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17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement) with respect to the
Trust Loan.

 

(e)          Nothing in this Section 3.09 shall constitute a waiver of the Trustee’s right, as the mortgagee of record, to
receive notice of any assumption of the Trust Loan, any sale or other transfer of the Mortgaged Property or the creation of any
lien or other encumbrance with respect to the Mortgaged Property.

 

(f)          
In connection with the taking of, or the failure to take, any action pursuant to this Section 3.09, the Special Servicer
shall not agree to modify, waive or amend, and no assumption or substitution agreement entered into pursuant to Section 3.09(a) of this Agreement shall contain any terms that are different from, any term of the Whole Loan or the Notes, other than pursuant
to Section 3.26 hereof, as applicable.

 

(g)          When the Special Servicer’s consent is requested under this Section 3.09, such consent shall be deemed given
15 Business Days after receipt (unless earlier objected to) by the Special Servicer from the Master Servicer of the Master Servicer’s
written analysis and recommendation with respect to such proposed action together with such other information reasonably required
by the Special Servicer.

 

(h)          If the Whole Loan permits release of the Mortgaged Property through defeasance:

 

(i)          
subject to the consent rights and process set forth in Section 6.09 with respect to Major Decisions, the Master Servicer
shall process all defeasances of the Whole Loan in accordance with the terms of the related Loan Documents, and shall be entitled
to any defeasance fees paid relating thereto;

 

(ii)          
if the Whole Loan requires that the lender purchase the required government securities, then the Master Servicer shall purchase,
or shall cause the purchase of, such obligations on behalf of the Trust, at the Borrower’s expense, in accordance with the
terms of the Whole Loan; provided that the Master Servicer shall not accept the amounts paid by the Borrower to effect
defeasance until acceptable government securities have been identified;

 

(iii)         
to the extent not inconsistent with the Whole Loan, the Master Servicer shall require the Borrower to provide an Opinion of Counsel
(which shall be an expense of the Borrower) to the effect that the Trustee has a first priority perfected security interest in
the defeasance collateral (including the government securities) and the assignment of the defeasance collateral is valid and enforceable;

 

(iv)         to the extent not inconsistent with the Whole Loan, the Master Servicer shall require a certificate at the Borrower’s expense
from an Independent certified public accountant certifying to the effect that the government securities will provide cash flows
sufficient to meet all payments of interest and principal (including payments at maturity) on the Whole Loan in compliance with
the requirements of the terms of the related Loan Documents;

 

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(v)          prior to permitting release of the Mortgaged Property through defeasance, the Master Servicer shall require an Opinion of Counsel
to the effect that such release will not cause either Trust REMIC to fail to qualify as a REMIC at any time that any Certificates
are outstanding or cause a tax to be imposed on the Trust Fund under the REMIC Provisions; provided that to the extent
not inconsistent with the Whole Loan, the Borrower shall pay the cost related to the Opinion of Counsel (and shall otherwise be
a Property Advance);

 

(vi)         no defeasance shall occur on or prior to the second anniversary of the Startup Day of the Trust REMICs or if a Companion Loan
is held by a REMIC, on or prior to the second anniversary of the startup day of such REMIC;

 

(vii)        the Master Servicer shall, at the expense of the Borrower (to the extent not inconsistent with the related Loan Documents), cause
the U.S. government securities to be held for the benefit of the Certificateholders and the Companion Loan Holders, and apply
payments of principal and interest received on the government obligations in respect of the defeased Whole Loan in accordance
with the terms of the Loan Documents;

 

(viii)       the Master Servicer shall, in accordance with the Servicing Standard, enforce provisions in the Whole Loan requiring the Borrower
to pay all reasonable expenses associated with a defeasance;

 

(ix)         
to the extent not inconsistent with the Whole Loan, or to the extent the Loan Documents provide the lender with discretion, the
Master Servicer shall require a single purpose entity, formed solely for the purpose of owning and pledging the government securities
related to the Whole Loan, to act as a successor borrower;

 

(x)          
each Rating Agency and, to the extent required by the Other Securitization Trust, each rating agency relating to any Companion
Loan Securities must provide a No Downgrade Confirmation; and

 

(xi)         
to the extent not required or permitted to be placed in a separate account, the Master Servicer shall deposit all payments received
by it from defeasance collateral substituted for the Mortgaged Property into the Collection Account and treat any such payments
as payments made on the Whole Loan in advance of its Due Date in accordance with clause (a) of the definition of Aggregate
Principal Distribution Amount, and not as a prepayment of the Whole Loan. Notwithstanding anything herein to the contrary, in
no event shall the Master Servicer permit such amounts to be maintained in the Collection Account for a period in excess of 365
days.

 

Section 3.10    
Appraisals; Realization upon Defaulted Mortgage Loan. (a) Contemporaneously with the earliest of (i) the effective
date of any (A) modification of the Maturity Date or extended Maturity Date, the Whole Loan Rate, principal balance or amortization
terms of the Whole Loan, (B) extension of the Maturity Date or extended Maturity Date of the Whole Loan as described below
in Section 3.26 of this Agreement, or (C) consent to the release of the Mortgaged Property from the lien of the
Mortgage other than pursuant to the terms of the Whole Loan, (ii) the occurrence of an Appraisal Reduction Event and (iii) a
default in the payment of a Balloon Payment for which an extension is not granted, the Special Servicer shall use

 

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commercially
reasonable efforts consistent with the Servicing Standard to obtain an Updated Appraisal (or a letter update for an existing appraisal
which is less than two years old) within 60 days of such event, the cost of which shall constitute a Property Advance; provided,
however, that the Special Servicer shall not be required to obtain an Updated Appraisal pursuant to clauses (i) through (iii) above with respect to the Mortgaged Property for which there exists an Appraisal or Updated Appraisal
which is less than nine months old unless the Special Servicer has actual knowledge of a material adverse change in circumstances
that, consistent with the Servicing Standard, would call into question the validity of such Appraisal or Updated Appraisal. For
so long as the Whole Loan is a Specially Serviced Loan, the Special Servicer shall obtain letter updates to an Updated Appraisal
every nine months. The Master Servicer shall use all Updated Appraisals obtained by the Special Servicer to calculate any Appraisal
Reduction Amount. Prior to the Special Servicer granting extensions beyond one year or any subsequent extension after granting
a one year extension with respect to the Whole Loan, the Master Servicer shall recalculate any Appraisal Reduction Amount based
on an Updated Appraisal. The Special Servicer shall obtain letter updates, every nine months, to an Updated Appraisal for so long
as an Appraisal Reduction Event exists with respect to the Whole Loan and the Master Servicer shall recalculate the Appraisal
Reduction Amount based on such Updated Appraisal. In addition, upon receipt of each Updated Appraisal, the Master Servicer shall
re-compute the Appraisal Reduction Amount, which shall be adjusted accordingly, and if required in accordance with any such adjustment,
each Class of Certificates that has been notionally reduced as a result of Appraisal Reduction Amounts shall have its related
Certificate Balance notionally restored to the extent required by such adjustment of the Appraisal Reduction Amount, and the Certificate
Administrator shall redetermine whether a Subordinate Control Period or a Subordinate Consultation Period is then in effect and,
for the avoidance of doubt, which Class of Certificates is the then-Controlling Class and shall notify the Master Servicer and
the Special Servicer. The VRR Percentage of the aggregate Appraisal Reduction Amount for any Distribution Date shall be applied
by the Certificate Administrator to notionally reduce the Certificate Balance of the VRR Interest. The Non-VRR Percentage of the
aggregate Appraisal Reduction Amount for any Distribution Date shall be applied by the Certificate Administrator to notionally
reduce the Certificate Balances of the following Classes of Certificates in the following order of priority: first, to
the Class F Certificates; second, to the Class E Certificates; third, to the Class D Certificates; fourth,
to the Class C Certificates; fifth, to the Class B Certificates; and finally, to the Class A Certificates (provided
in each case that no Certificate Balance in respect of any such Class may be notionally reduced below zero). The Special Servicer
shall send all such letter updates and Updated Appraisals to the Master Servicer, the Trustee, the Certificate Administrator and
the Directing Holder and the Risk Retention Consultation Parties (during any Subordinate Control Period and any Subordinate Consultation
Period) and the 17g-5 Information Provider (which shall promptly post such materials to the 17g-5 Information Provider’s
Website pursuant to Section 3.14(d) of this Agreement). During any Subordinate Control Period and any Subordinate
Consultation Period, within 15 days after the occurrence of an Appraisal Reduction Event, the Special Servicer shall notify the
Directing Holder and the Risk Retention Consultation Parties of the occurrence of such Appraisal Reduction Event. The Special
Servicer shall send all such letter updates and Updated Appraisals to the Master Servicer, the Trustee, the Certificate Administrator
and the 17g-5 Information Provider (which shall promptly post such materials to the 17g-5 Information Provider’s Website
pursuant to Section 3.14(d) of this Agreement).

 

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The
Special Servicer shall monitor the Whole Loan so long as it is a Specially Serviced Loan, evaluate whether the causes of the default
can be corrected over a reasonable period without significant impairment of the value of the Mortgaged Property, initiate corrective
action (with notification to and the consent of the Directing Holder during any Subordinate Control Period and upon consultation
with the Directing Holder during any Subordinate Consultation Period) in cooperation with the Borrower if, in the Special Servicer’s
judgment a cure is likely, and take such other actions (including without limitation, negotiating and accepting a discounted payoff
of the Whole Loan) as are consistent with the Servicing Standard. If, in the Special Servicer’s judgment, such corrective
action has been unsuccessful, no satisfactory arrangement can be made for collection of delinquent payments, and the Specially
Serviced Loan has not been released from the Trust Fund pursuant to any provision hereof, and except as otherwise specifically
provided in Section 3.09(a) and (b) of this Agreement, the Special Servicer may, to the extent consistent with
the Asset Status Report and with the Servicing Standard, accelerate the Specially Serviced Loan and commence a foreclosure or
other acquisition with respect to the Mortgaged Property; provided that the Special Servicer determines that such acceleration
and foreclosure are more likely to produce a greater recovery to Certificateholders and the Companion Loan Holders (as a collective
whole as if such Certificateholders and the Companion Loan Holders constituted a single lender) on a present value basis (discounting
at the related Calculation Rate) than would a waiver of such default or an extension or modification in accordance with the provisions
of Section 3.26 hereof. The Master Servicer shall pay the costs and expenses in any such proceedings as a Property
Advance unless the Master Servicer or the Special Servicer, as applicable, determines, in its good faith judgment, that such Property
Advance would constitute a Nonrecoverable Advance; provided, however, that if such Property Advance would constitute
a Nonrecoverable Advance but the Special Servicer determines (with the Master Servicer permitted to conclusively rely upon any
such determination) that such payment would be in the best interests of the Certificateholders and the Companion Loan Holders
(as a collective whole as if such Certificateholders and the Companion Loan Holders constituted a single lender) the Special Servicer
shall direct the Master Servicer to make such payment from the Collection Account, which payment shall be an Additional Trust
Fund Expense. The Trustee shall be entitled to conclusively rely upon any determination of the Master Servicer or Special Servicer
that a Property Advance, if made, would constitute a Nonrecoverable Advance. If the Master Servicer does not make such Property
Advance in violation of the second preceding sentence, the Trustee shall make such Property Advance, unless the Trustee determines
that such Property Advance would be a Nonrecoverable Advance. The Master Servicer and the Trustee, as applicable, shall be entitled
to reimbursement of Property Advances (with interest at the Advance Rate) made pursuant to this paragraph to the extent permitted
by Section 3.06 of this Agreement.

 

The
Special Servicer shall deliver by electronic mail (or via other means of electronic delivery reasonably acceptable to the Master
Servicer and the Special Servicer) to the Master Servicer any information in the Special Servicer’s possession that is reasonably
required to determine, calculate, redetermine or recalculate any Appraisal Reduction Amount or updated Appraisal Reduction Amount
pursuant to the definition thereof, using reasonable best efforts to deliver such information, within four (4) Business Days following
the Master Servicer’s written request therefor (which request shall be made promptly, but in no event later than ten (10)
Business Days after the Special Servicer’s receipt of the applicable Appraisal); provided, however, that the
Master Servicer’s failure to timely make such request shall not relieve the Special Servicer of its obligation to provide
such information to the Master Servicer in the manner and timing set forth

 

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in this sentence; provided, further,
that it shall not be a Master Servicer Termination Event if the Master Servicer fails to satisfy its obligation to determine,
calculate, redetermine or recalculate an Appraisal Reduction Amount within the time periods set forth in this Agreement to the
extent such failure is due to or caused by the Special Servicer’s failure to deliver the information reasonably required
to make such determination, calculation, redetermination or recalculation within the time periods set forth in this Agreement.
The Special Servicer shall not calculate Appraisal Reduction Amounts.

 

(b)          If the Special Servicer elects to proceed with a non-judicial foreclosure in accordance with the laws of the state where the Mortgaged
Property is located, the Special Servicer shall not be required to pursue a deficiency judgment against the Borrower or any other
liable party if (i) the laws of the state do not permit such a deficiency judgment after a non-judicial foreclosure or (ii) if
the Special Servicer determines, in its best judgment, that the likely recovery if a deficiency judgment is obtained will not
be sufficient to warrant the cost, time, expense and/or exposure of pursuing the deficiency judgment and such determination is
evidenced by an Officer’s Certificate delivered to the Trustee and the Certificate Administrator.

 

(c)         
Prior to any foreclosure or by transfer-in-lieu (or deed-in-lieu) of foreclosure, with respect to the Mortgaged Property, the
Special Servicer shall consider all information in its possession or provided by the Master Servicer from the Borrower or of which
the Special Servicer otherwise has actual knowledge with respect to any environmental matters with respect to the Mortgaged Property,
and based on such information shall determine in accordance with Servicing Standard if any independent site assessments of the
Mortgaged Property are advisable. The Special Servicer, in the case of any foreclosure with respect to the Mortgaged Property
will, prior to acquiring the Mortgaged Property, consider the risks associated with the foreclosure and only take action in accordance
with its established environmental review procedures and in any event in accordance with the Servicing Standard. The Special Servicer
shall deliver a copy of any environmental assessment report to the 17g-5 Information Provider in electronic format and the 17g-5
Information Provider shall make such report available to the Rating Agencies and other NRSROs pursuant to Section 3.14(d).

 

If
the Special Servicer has so determined based on satisfaction of the criteria in this Section 3.12(d) that it would
be in the best economic interest of the Trust Fund (as determined in accordance with Servicing Standard) to institute a foreclosure
or take any other actions described in the immediately preceding paragraph, pursuant to the terms hereof, the Special Servicer
shall take such proposed action subject to the rights of the Directing Holder to consent to and/or consult in respect of such
action, as applicable. The Special Servicer shall not foreclose upon or otherwise cause the Trust to acquire ownership of any
Collateral (other than the Mortgaged Property) on behalf of the Trust REMIC unless it receives an Opinion of Counsel (the
cost of which shall be paid by the Master Servicer as an Administrative Advance unless the Master Servicer determines that such
Administrative Advance would constitute a Nonrecoverable Advance) to the effect that such acquisition will not cause the imposition
of a tax on the Trust REMIC (other than a tax on “net income from foreclosure property” under Code Section 860G(c))
under the REMIC Provisions or cause the Trust REMIC to fail to qualify as a REMIC at any time that the Certificates are outstanding.

 

The
Special Servicer shall direct the Master Servicer to, and the Master Servicer shall, advance the cost of any such compliance,
containment, clean up or remediation as an

 

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Administrative Advance unless the Servicer determines that such Advance would constitute
a Nonrecoverable Advance.

 

(d)              
In the event that title to the Mortgaged Property is acquired in foreclosure or by deed-in-lieu of foreclosure, the deed or certificate
of sale shall be issued to the Trustee, or to its nominee (which shall not include the Special Servicer) or a separate Trustee
or Co-Trustee on behalf of the Trustee as Holder of the Lower-Tier Regular Interests and the Certificateholders and the Companion
Loan Holders. Notwithstanding any such acquisition of title and cancellation or partial cancellation of the Whole Loan, the Whole
shall (except for purposes of Section 9.01 of this Agreement) be considered to be an REO Loan until such time as the
REO Property shall be sold by the Trust Fund and shall be reduced only by collections net of expenses. Consistent with the foregoing,
for purposes of all calculations hereunder, so long as the Whole shall be considered to be an outstanding Whole, as applicable:

 

(i)          
it shall be assumed that, notwithstanding that the indebtedness evidenced by the Notes shall have been discharged or partially
discharged, the Notes and, for purposes of determining the Stated Principal Balance thereof, the related amortization schedule,
if any, in effect at the time of any such acquisition of title shall remain in effect; and

 

(ii)          
subject to Section 1.02(f) of this Agreement, Net REO Proceeds received in any month shall be applied to amounts that
would have been payable under the Notes in accordance with the terms of the Notes and the Co-Lender Agreement. In the absence
of such terms, Net REO Proceeds shall, subject to Section 1.02(f) of this Agreement, be deemed to have been received
first, in payment of the accrued interest that remained unpaid on the date that the REO Property was acquired by the Trust
Fund; second, in respect of the delinquent principal installments that remained unpaid on such date; and thereafter,
Net REO Proceeds received in any month shall be applied to the payment of installments of principal, if any, and accrued interest
on the Whole Loan deemed to be due and payable in accordance with the terms of the Notes and such amortization schedule, if any,
until such principal has been paid in full and then to other amounts due under the Whole Loan. If such Net REO Proceeds exceed
the Monthly Payment then payable, the excess shall be treated as a Principal Prepayment received in respect of the Whole Loan.

 

(e)          Notwithstanding any provision herein to the contrary, the Special Servicer shall not acquire for the benefit of the Trust Fund
and the Companion Loan Holders any personal property pursuant to this Section 3.10 unless either:

 

(i)          
such personal property is incident to real property (within the meaning of Section 856(e)(l) of the Code) so acquired by
the Special Servicer for the benefit of the Trust Fund and the Companion Loan Holders; or

 

(ii)          the Special Servicer shall have requested and received an Opinion of Counsel (which opinion shall be an expense of the Lower-Tier
REMIC) to the effect that the holding of such personal property by the Lower-Tier REMIC will not cause an Adverse REMIC Event
at any time that any Certificate is outstanding.

 

(f)          
Notwithstanding any provision to the contrary in this Agreement, the Special Servicer shall not, on behalf of the Trust Fund,
obtain title to any direct or indirect

 

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partnership interest or other equity interest in the Borrower pledged pursuant to any pledge
agreement unless the Special Servicer shall have requested and received an Opinion of Counsel (which opinion shall be an expense
of the Trust Fund and in accordance with the allocation provisions of the Co-Lender Agreement) to the effect that the holding
of such partnership interest or other equity interest by the Trust Fund will not cause Adverse REMIC Event at any time that any
Certificate is outstanding.

 

(g)         
Notwithstanding any provision to the contrary contained in this Agreement, the Special Servicer shall not cause the Trustee, on
behalf of the Trust Fund, to obtain title to the Mortgaged Property as a result of or in lieu of foreclosure or otherwise, to
obtain title to any direct or indirect partnership interest in the Borrower pledged pursuant to a pledge agreement and thereby
be the beneficial owner of the Mortgaged Property, to have a receiver of rents appointed with respect to the Mortgaged Property,
and shall not otherwise cause the Trustee to acquire possession of, or take any other action with respect to, the Mortgaged Property
if, as a result of any such action, the Trustee, for the benefit of the Trust Fund or the Certificateholders or the Companion
Loan Holders would be considered to hold title to, to be a “mortgagee-in-possession” of, or to be an “owner”
or “operator” of the Mortgaged Property within the meaning of the Comprehensive Environmental Response, Compensation
and Liability Act of 1980, as amended from time to time, or any comparable law, unless the Special Servicer has determined in
accordance with the Servicing Standard, based on an updated environmental assessment prepared by an Independent Person who regularly
conducts environmental audits (which report shall be an expense of the Trust), that:

 

(i)          
the Mortgaged Property is in compliance with applicable environmental laws or, if not, after consultation with an environmental
consultant, that it would be in the best economic interest of the Certificateholders and the Companion Loan Holders, as a collective
whole as if such Certificateholders and the Companion Loan Holders constituted a single lender, to take such actions as are necessary
to bring the Mortgaged Property in compliance therewith, and

 

(ii)          there are no circumstances present at the Mortgaged Property relating to the use, management or disposal of any Hazardous Materials
for which investigation, testing, monitoring, containment, clean-up or remediation could be required under any currently effective
federal, state or local law or regulation, or that, if any such Hazardous Materials are present for which such action could be
required, after consultation with an environmental consultant, it would be in the best economic interest of the Certificateholders
and the Companion Loan Holders, as a collective whole as if such Certificateholder and the Companion Loan Holders constituted
a single lender, to take such actions with respect to the Mortgaged Property.

 

In
the event that the environmental assessment first obtained by the Special Servicer with respect to the Mortgaged Property indicates
that the Mortgaged Property may not be in compliance with applicable environmental laws or that Hazardous Materials may be present
but does not definitively establish such fact, the Special Servicer shall cause such further environmental tests to be conducted
by an Independent Person who regularly conducts such tests as the Special Servicer shall deem prudent to protect the interests
of Certificateholders and the Companion Loan Holders. Any such tests shall be deemed part of the environmental assessment obtained
by the Special Servicer for purposes of this Section 3.10.

 

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(h)          The environmental assessment contemplated by Section 3.10(g) of this Agreement shall be prepared within three months
(or as soon thereafter as practicable) of the determination that such assessment is required by any Independent Person who regularly
conducts environmental audits for purchasers of commercial property where the Mortgaged Property is located, as determined by
the Special Servicer in a manner consistent with the Servicing Standard. Upon the written direction of the Special Servicer and
delivery by the Special Servicer to the Master Servicer of pertinent back-up information the Master Servicer shall advance the
cost of preparation of such environmental assessments as a Property Advance unless the Master Servicer determines, in its good
faith judgment, that such Property Advance would be a Nonrecoverable Advance. The Master Servicer shall be entitled to reimbursement
of Property Advances (with interest at the Advance Rate) made pursuant to the preceding sentence to the extent permitted by Section 3.06.
The Special Servicer shall provide written reports and a copy of any environmental assessments in electronic format to the Master
Servicer, the Companion Loan Holders and the 17g-5 Information Provider (which shall promptly post such materials to the 17g-5
Information Provider’s Website pursuant to Section 3.14(d) of this Agreement), monthly regarding any actions
taken by the Special Servicer with respect to the Mortgaged Property securing a Defaulted Mortgage Loan as to which the environmental
testing contemplated by Section 3.10(g) of this Agreement has revealed that either of the conditions set forth in
clause (i) and (ii) of the first sentence thereof has not been satisfied, in each case until the earlier to
occur of (i) satisfaction of both such conditions, (ii) repurchase of the Trust Loan by the Trust Loan Sellers or (iii) release
of the lien of the Mortgage on the Mortgaged Property.

 

(i)          
If the Special Servicer determines pursuant to Section 3.10(g)(i) that the Mortgaged Property is not in compliance
with applicable environmental laws but that it is in the best economic interest of the Certificateholders and the Companion Loan
Holders, as a collective whole as if the Certificateholders and the Companion Loan Holders constituted a single lender, to take
such actions as are necessary to bring the Mortgaged Property in compliance therewith, or if the Special Servicer determines pursuant
to Section 3.10(g)(ii) that the circumstances referred to therein relating to Hazardous Materials are present but
that it is in the best economic interest of the Certificateholders and the Companion Loan Holders, as a collective whole as if
the Certificateholders and the Companion Loan Holders constituted a single lender, to take such action with respect to the containment,
clean-up or remediation of Hazardous Materials affecting the Mortgaged Property as is required by law or regulation, the Special
Servicer shall take such action (subject to the rights of the Directing Holder to consent to and/or consult in respect of such
action) as it deems to be in the best economic interest of the Certificateholders and the Companion Loan Holders, as a collective
whole as if such Certificateholders and the Companion Loan Holders constituted a single lender, but only if the Certificate Administrator
has mailed notice to the Holders of the Principal Balance Certificates and the Companion Loan Holders of such proposed action,
which notice shall be prepared by the Special Servicer, and only if the Certificate Administrator does not receive, within 30
days of such notification, instructions from the Holders of the Principal Balance Certificates entitled to a majority of the Voting
Rights and the Companion Loan Holders directing the Special Servicer not to take such action. Notwithstanding the foregoing, if
the Special Servicer reasonably determines that it is likely that within such 30-day period irreparable environmental harm to
the Mortgaged Property would result from the presence of such Hazardous Materials and provides a prior written statement to the
Trustee and the Certificate Administrator setting forth the basis for such determination, then the Special Servicer may take or
cause to be taken such action to remedy such condition as may be consistent with the

 

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Servicing Standard. None of the Trustee,
the Certificate Administrator, the Master Servicer or the Special Servicer shall be obligated to take any action or not take any
action pursuant to this Section 3.10(i) at the direction of the Certificateholders and the Companion Loan Holders
unless the Certificateholders and the Companion Loan Holders agree to indemnify the Trustee, the Certificate Administrator, the
Master Servicer and the Special Servicer with respect to such action or inaction. The Master Servicer shall advance the cost of
any such compliance, containment, clean-up or remediation as a Property Advance unless the Master Servicer determines, in its
good faith judgment, that such Advance would constitute a Nonrecoverable Advance.

 

(j)           
The Special Servicer shall notify the Master Servicer if the Mortgaged Property is abandoned or foreclosed and requires reporting
to the IRS and shall provide the Master Servicer with all information regarding forgiveness of indebtedness and required to be
reported with respect to the Whole Loan if it is abandoned or foreclosed and the Master Servicer shall report to the IRS and the
Borrower, in the manner required by applicable law, such information and the Master Servicer shall report, via Form 1099C or 1099A,
all forgiveness of indebtedness, abandonment or foreclosure to the extent such information has been provided to the Master Servicer
by the Special Servicer. The Master Servicer shall deliver a copy of any such report to the Trustee and the Certificate Administrator.

 

(k)           The costs of any Updated Appraisal obtained pursuant to this Section 3.10 shall be paid by the Master Servicer as
a Property Advance and shall be reimbursable from the Collection Account.

 

Section 3.11    
Custodian to Cooperate; Release of Mortgage File. Upon the payment in full of the Whole Loan, or the receipt by the Master
Servicer of a notification that payment in full has been escrowed in a manner customary for such purposes, the Master Servicer
shall immediately notify the Custodian by a certification (which certification shall include a statement to the effect that all
amounts received or to be received in connection with such payment which are required to be deposited in the Collection Account
pursuant to Section 3.05 of this Agreement have been or will be so deposited) of a Servicing Officer and shall request
delivery to it of the Mortgage File. Any expense incurred in connection with any instrument of satisfaction or deed of reconveyance
that is not paid by the Borrower shall be chargeable to the Trust Fund. The Master Servicer agrees to use reasonable efforts in
accordance with the Servicing Standard to enforce any provisions in the Loan Documents that require the Borrower to pay such amounts.
No expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be an expense of the Trustee
or the Custodian or chargeable to the Collection Account.

 

From
time to time upon request of the Master Servicer or the Special Servicer and delivery to the Custodian of a Request for Release,
the Custodian shall promptly release the Mortgage File (or any portion thereof) designated in such Request for Release to the
Master Servicer or the Special Servicer, as applicable. Upon return of the foregoing to the Custodian, or in the event of a liquidation
or conversion of the Whole Loan into an REO Loan, or receipt by the Custodian of a certificate of a Servicing Officer stating
that the Mortgaged Property was liquidated and that all amounts received or to be received in connection with such liquidation
which are required to be deposited into the Collection Account have been so deposited, or that the Whole Loan has become an REO
Loan, the Custodian shall deliver a copy of the Request for Release to the Master Servicer or the Special Servicer, as applicable.

 

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Upon
written certification of a Servicing Officer, the Trustee shall execute and deliver to the Master Servicer (with respect to the
Whole Loan if it is a Performing Loan) and the Special Servicer (with respect to the Whole Loan if it is a Specially Serviced
Loan or an REO Loan) any court pleadings, requests for a trustee’s sale or other documents prepared by the Special Servicer,
its agents or attorneys, necessary to the foreclosure or trustee’s sale in respect of the Mortgaged Property or to any legal
action brought to obtain judgment against the Borrower on the Notes or Mortgage or to obtain a deficiency judgment, or to enforce
any other remedies or rights provided by the Notes or Mortgage or otherwise available at law or in equity. Each such certification
shall include a request that such pleadings or documents be executed by the Trustee and a statement as to the reason such documents
or pleadings are required, that the proposed action is consistent with the Servicing Standard and that the execution and delivery
thereof by the Trustee will not invalidate or otherwise affect the lien of the Mortgage, except for the termination of such a
lien upon completion of the foreclosure or trustee’s sale.

 

Section 3.12       
Servicing Fees, Trustee/Certificate Administrator Fees and Special Servicing Compensation. (a)  As compensation
for its activities hereunder, the Master Servicer shall be entitled to the Servicing Fee. The Master Servicer’s rights to
the Servicing Fee may not be transferred in whole or in part except in connection with the transfer of all of the Master Servicer’s
responsibilities and obligations under this Agreement or as provided in the following paragraph with respect to the Excess Servicing
Fee. In addition, the Master Servicer shall be entitled to receive, as additional Servicing Compensation, to the extent permitted
by applicable law, the Loan Documents and the Co-Lender Agreement, (i) all investment income earned on amounts on deposit
in the Collection Account and certain Reserve Accounts (to the extent consistent with the Loan Documents), (ii) any Net Default
Interest and any other Penalty Charges collected by the Master Servicer or the Special Servicer during a Collection Period accrued
on the Whole Loan if it is a Performing Loan, in each case, remaining after application thereof during such Collection Period
to pay the Advance Interest Amount relating to such Performing Loan and to pay or reimburse the Trust for any unreimbursed Additional
Trust Fund Expenses (including Special Servicing Fees, Workout Fees and Liquidation Fees) relating to such Performing Loan incurred
during or prior to such Collection Period, and as further described in Section 3.12(d), (iii) any amounts collected
for checks returned for insufficient funds (with respect to the Whole Loan if it is Performing Loan or a Specially Serviced Loan),
demand fees (with respect to the Whole Loan if it is a Performing Loan) or similar items (with respect to the Whole Loan if it
is a Performing Loan) (but not including Prepayment Charges) and (iv) to the extent permitted by applicable law and the Loan
Documents, 100% of any Modification Fees, loan transaction fees and consent fees with respect to (and other similar fees relating
to) the Whole Loan if it is a Performing Loan where the consent of the Special Servicer is not required (50% of such fees where
the consent of the Special Servicer is required), 100% of any defeasance fees, 100% of Assumption Fees and consent fees (or similar
fees) relating to the transactions referred to in Section 3.09(b) of this Agreement with respect to the Whole Loan
if it is a Performing Loan where the consent of the Special Servicer is not required (50% of such fees where the consent of the
Special Servicer is required), 100% of beneficiary statement charges, demand fees or similar items (but not including Prepayment
Charges) with respect to the Whole Loan if it is a Performing Loan and 100% of assumption application fees with respect to the
Whole Loan if it is a Performing Loan, in each case to the extent received and not required to be deposited or retained in the
Collection Account pursuant to Section 3.05 of this Agreement. For the avoidance of doubt, with respect to any fee
split between the Master Servicer and the Special Servicer pursuant to the terms of Section 3.12(a)

 

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 or (b)
hereof, the Master Servicer and the Special Servicer shall each have the right, but not any obligation, to reduce or elect not
to charge its respective percentage interest in any such fee; provided, however, that (x) neither the Master
Servicer nor the Special Servicer shall have the right to reduce or elect not to charge the percentage interest of any fee due
to the other and (y) to the extent either of the Master Servicer or the Special Servicer exercises its right to reduce or
elect not to charge its respective percentage interest in any fee, the party that reduced or elected not to charge such fee shall
not have any right to share in any portion of the other party’s fee. For the avoidance of doubt, if the Master Servicer
decides not to charge any fee, the Special Servicer shall still be entitled to charge the portion of the related fee the Special
Servicer would have been entitled to if the Master Servicer had charged a fee and the Master Servicer shall not be entitled to
any of such fee charged by the Special Servicer. The Master Servicer shall also be entitled pursuant to, and to the extent provided
in, Section 3.06(a)(viii) or 3.07(b) of this Agreement, as applicable, to withdraw from the Collection Account
and to receive from any Borrower Accounts (to the extent not payable to the Borrower under the Whole Loan or applicable law),
Prepayment Interest Excess (if any and to the extent any such Prepayment Interest Excess exceeds the amount of any Prepayment
Interest Shortfalls), and Net Default Interest and any interest or other income earned on deposits therein.

 

Wells
Fargo Bank, National Association and any successor holder of the Excess Servicing Fee Rights that relate to the Whole Loan (and
a successor REO Loan) shall be entitled, at any time, at its own expense, to transfer, sell, pledge or otherwise assign such Excess
Servicing Fee Rights in whole (but not in part), in either case, to any Qualified Institutional Buyer or Institutional Accredited
Investor (other than a Plan); provided that no such transfer, sale, pledge or other assignment shall be made unless (i) that
transfer, sale, pledge or other assignment is exempt from the registration and/or qualification requirements of the Act and any
applicable state securities laws and is otherwise made in accordance with the Act and such state securities laws, (ii) the
prospective transferor shall have delivered to the Depositor a certificate substantially in the form attached as Exhibit P-1 hereto, and (iii) the prospective transferee shall have delivered to the Master Servicer and the Depositor a certificate
substantially in the form attached as Exhibit P-2 hereto. None of the Depositor, the Trustee, the Certificate
Administrator or the Certificate Registrar is obligated to register or qualify an Excess Servicing Fee Right under the Act or
any other securities law or to take any action not otherwise required under this Agreement to permit the transfer, sale, pledge
or assignment of an Excess Servicing Fee Right without registration or qualification. Wells Fargo Bank, National Association and
each holder of an Excess Servicing Fee Right desiring to effect a transfer, sale, pledge or other assignment of such Excess Servicing
Fee Right shall, and the Master Servicer hereby agrees, and each such holder of an Excess Servicing Fee Right by its acceptance
of such Excess Servicing Fee Right shall be deemed to have agreed, in connection with any transfer of such Excess Servicing Fee
Right effected by such Person, to indemnify the Certificateholders, the Trust, the Depositor, the Initial Purchasers, the Certificate
Administrator, the Trustee, the Master Servicer, the Certificate Registrar and the Special Servicer against any liability that
may result if such transfer is not exempt from registration and/or qualification under the Act or other applicable federal and
state securities laws or is not made in accordance with such federal and state laws or in accordance with the foregoing provisions
of this paragraph. By its acceptance of an Excess Servicing Fee Right, the holder thereof shall be deemed to have agreed not to
use or disclose such information in any manner that could result in a violation of any provision of the Act or other applicable
securities laws or that would require registration of such Excess Servicing Fee Right or any Certificate pursuant to the Act.
From time

 

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to time following any transfer, sale, pledge or assignment of an Excess Servicing Fee Right, the Master Servicer with
respect to the Whole Loan or successor REO Loan with respect thereto to which the Excess Servicing Fee Right relates, shall pay,
out of each amount paid to the Master Servicer as Servicing Fee with respect to the Whole Loan or REO Loan, as the case may be,
the related Excess Servicing Fees to the holder of such Excess Servicing Fee Right within one Business Day following the payment
of such Servicing Fee to the Master Servicer, in each case in accordance with payment instructions provided by such holder in
writing to the Master Servicer. The holder of an Excess Servicing Fee Right shall not have any rights under this Agreement except
as set forth in the preceding sentences of this paragraph. None of the Certificate Administrator, the Certificate Registrar, the
Depositor, the Special Servicer or the Trustee shall have any obligation whatsoever regarding payment of the Excess Servicing
Fee or the assignment or transfer of the Excess Servicing Fee Right.

 

As
compensation for its activities hereunder on each Distribution Date, the Certificate Administrator shall be entitled with respect
to the Trust Loan to its portion of the Trustee/Certificate Administrator Fees, which shall be payable from amounts on deposit
in the Lower-Tier Distribution Account. The Certificate Administrator shall pay the Trustee the Trustee’s portion of the
Trustee/Certificate Administrator Fee and the routine fees of the Certificate Registrar, the Paying Agent and the Authenticating
Agent. The Certificate Administrator’s and the Trustee’s rights to the Trustee/Certificate Administrator Fee may not
be transferred in whole or in part except in connection with the transfer of all of its respective responsibilities and obligations
under this Agreement.

 

Except
as otherwise provided herein, the Master Servicer shall pay all of its overhead expenses incurred by it in connection with its
servicing activities hereunder, including all fees of any Sub-Servicers retained by it. Except as otherwise provided herein, the
Trustee and the Certificate Administrator shall each pay all expenses incurred by it in connection with its activities hereunder.

 

(b)          As compensation for its activities hereunder, the Special Servicer shall be entitled with respect to a Specially Serviced Loan
or an REO Loan to the Special Servicing Compensation, which shall be payable from amounts on deposit in the Collection Account
as set forth in Section 3.06 of this Agreement. The Special Servicer’s rights to the Special Servicing Fee may
not be transferred in whole or in part except in connection with the transfer of all of the Special Servicer’s responsibilities
and obligations under this Agreement. In addition, the Special Servicer shall be entitled to receive, as Special Servicing Compensation,
to the extent permitted by applicable law and the Loan Documents, (i) any late payment charges and any Net Default Interest
and any other default charges and Penalty Charges collected by the Master Servicer or the Special Servicer during a Collection
Period accrued on a Specially Serviced Loan remaining after application thereof during such Collection Period (subject to the
terms of the Co-Lender Agreement) to pay the Advance Interest Amount relating to such Specially Serviced Loan and any unreimbursed
Additional Trust Fund Expenses (including Special Servicing Fees, Workout Fees and Liquidation Fees) incurred during or prior
to such Collection Period on a Specially Serviced Loan (but not NSF check fees and the like, which shall be paid to the Master
Servicer) as further described below in subsection (c), (ii) 50% of any Assumption Fees, consent fees (or similar
fees) relating to the transactions referred to in Section 3.09(b) of this Agreement, Modification Fees (and other
similar fees) with respect to the Whole Loan if it is a Performing Loan, when the

 

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approval from the Special Servicer is required
(and excluding any Prepayment Charges), (iii) any interest or other income earned on deposits in the REO Accounts and (iv) 100%
of any Assumption Fees, assumption application fees, consent fees (or similar fees) relating to the transactions referred to in
Section 3.09(b) of this Agreement, Modification Fees (and other similar fees), loan service transaction fees, beneficiary
statement charges, demand fees or similar items relating to a Specially Serviced Loan or REO Loan. For the avoidance of doubt,
with respect to any fee split between the Master Servicer and the Special Servicer pursuant to the terms of Section 3.12(a) or (b) hereof, the Master Servicer and the Special Servicer shall each have the right, but not any obligation, to reduce
or elect not to charge its respective percentage interest in any such fee; provided, however (x) neither the
Master Servicer nor the Special Servicer shall have the right to reduce or elect not to charge the percentage interest of any
fee due to the other and (y) to the extent either of the Master Servicer or the Special Servicer exercises its right to reduce
or elect not to charge its respective percentage interest in any fee, the party that reduced or elected not to charge such fee
shall not have any right to share in any portion of the other party’s fee. For the avoidance of doubt, if the Master Servicer
decides not to charge any fee, the Special Servicer shall still be entitled to charge the portion of the related fee the Special
Servicer would have been entitled to if the Master Servicer had charged a fee and the Master Servicer shall not be entitled to
any of such fee charged by the Special Servicer.

 

Except
as otherwise provided herein, the Special Servicer shall pay all expenses incurred by it in connection with its servicing activities
hereunder, including all fees of any Sub-Servicers retained by it.

 

(c)          In addition, a Workout Fee will be payable to the Special Servicer with respect to the Whole Loan if it ceases to be a Specially
Serviced Loan pursuant to the definition thereof. The Workout Fee will be payable out of each collection of interest and principal
(including scheduled payments, prepayments, Balloon Payments and payments at maturity) received on the Whole Loan for so
long as it remains a Corrected Mortgage Loan. The Workout Fee will cease to be payable if the Whole Loan again becomes a Specially
Serviced Loan or if the Mortgaged Property becomes an REO Property; provided that a new Workout Fee will become payable
if and when the Whole Loan again becomes a Corrected Mortgage Loan. If the Special Servicer is terminated (other than for cause)
or resigns with respect to any or all of its servicing duties, it shall retain the right to receive any and all Workout Fees payable
with respect to a Corrected Mortgage Loan during the period that it had responsibility for servicing such Corrected Mortgage Loan
(or the Specially Serviced Loan had not yet become a Corrected Mortgage Loan because as of the time that the Special Servicer
is terminated, the Borrower has not made three (3) consecutive monthly debt service payments and subsequently, the Specially Serviced
Loan becomes a Corrected Mortgage Loan) at the time of such termination or resignation (and the successor Special Servicer shall
not be entitled to any portion of such Workout Fees), in each case until the Workout Fee for any such loan ceases to be payable
in accordance with the preceding sentence.

 

A
Liquidation Fee will be payable to the Special Servicer with respect to (i) the Trust Loan if repurchased by a Trust Loan
Seller after the applicable time period (including any applicable extension thereof) in Section 2.03(e) of this Agreement,
(ii) a Specially Serviced Loan as to which the Special Servicer obtains a full, partial or discounted payoff from the Borrower
and (iii) except as otherwise described below, with respect to a Specially Serviced Loan or REO

 

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Property as to which the
Special Servicer recovered any Liquidation Proceeds. As to the Trust Loan repurchased by the Trust Loan Sellers after the applicable
time period (including any applicable extension thereof) in Section 2.03(e) of this Agreement or a Specially Serviced
Loan or an REO Property, the Liquidation Fee will be payable from the related payment or proceeds. Notwithstanding anything to
the contrary described above, no Liquidation Fee will be payable based on, or out of, Liquidation Proceeds to the extent set forth
in the definition of “Liquidation Fee” herein. With respect to any future mezzanine debt, to the extent not prohibited
by the Loan Documents, the Master Servicer or Special Servicer, as applicable, shall require that the related mezzanine intercreditor
agreement provide that in the event of a purchase of the Whole Loan by the related mezzanine lender after 90 days following the
first time that such holder’s option to purchase the Whole Loan becomes exercisable (provided, however, that
even if the purchase occurs before such expiration the Liquidation Fee will be payable to the extent paid by, and collected from,
the related borrower or the mezzanine lender), such mezzanine lender shall be required to pay a Liquidation Fee equal to the amount
that the Special Servicer would otherwise be entitled to under this Agreement with respect to a liquidation of the Whole Loan
(provided, however, that such Liquidation Fee shall in all circumstances be payable by the related mezzanine lender
and shall not, under any circumstances, be payable out of the Trust unless the Master Servicer fails to require the related mezzanine
intercreditor agreement to require the mezzanine lender to pay such amounts in breach of its obligation to do so under this paragraph).
If, however, Liquidation Proceeds are received with respect to a Specially Serviced Loan as to which the Special Servicer is properly
entitled to a Workout Fee, such Workout Fee will be payable based on and out of the portion of such Liquidation Proceeds that
constitute principal and/or interest. Notwithstanding anything herein to the contrary, the Special Servicer shall only be entitled
to receive a Liquidation Fee or a Workout Fee, but not both, with respect to Liquidation Proceeds received on the Whole Loan or
a Specially Serviced Loan. In the event that (i) the Special Servicer resigns or has been terminated, and (ii) prior
or subsequent to such resignation or termination, either (A) a Specially Serviced Loan was liquidated or modified pursuant
to an action plan submitted by the initial Special Servicer or the Special Servicer has determined to grant a forbearance, or
(B) a Specially Serviced Loan being monitored by the Special Servicer subsequently became a Corrected Mortgage Loan, then
in either such event the Special Servicer (and not the successor special servicer) shall be paid the related Workout Fee or Liquidation
Fee, as applicable.

 

The
Special Servicer shall be required to pay out of its own funds all expenses incurred by it in connection with its servicing activities
hereunder (including, without limitation, payment of any amounts, other than management fees in respect of the REO Property, due
and owing to any of its sub servicers, any amounts due and owing to any of its Affiliates, and the premiums for any blanket insurance
policy obtained by it insuring against hazard losses pursuant to Section 3.08 of this Agreement, except to the extent
such premiums are reimbursable pursuant to Section 3.08 of this Agreement), if and to the extent such expenses are
not expressly payable directly out of the Collection Account or the REO Account or as a Property Advance, and the Special Servicer
shall not be entitled to reimbursement therefor except as expressly provided in this Agreement.

 

The
Special Servicer and its Affiliates shall be prohibited from receiving or retaining any compensation or any other remuneration
(including, without limitation, in the form of commissions, brokerage fees, rebates, or as a result of any other fee-sharing arrangement)
from

 

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any Person (including, without limitation, the Trust, the Borrower, any Manager, any guarantor or indemnitor in respect of
the Whole Loan and any purchaser of the Whole Loan or REO Property) in connection with the disposition, workout or foreclosure
of the Whole Loan, the management or disposition of the REO Property, or the performance of any other special servicing duties
under this Agreement, other than as expressly provided in this Section 3.12; provided that such prohibition
shall not apply to Permitted Special Servicer/Affiliate Fees; provided, further, that any compensation or other
remuneration that the Master Servicer is permitted to receive or retain pursuant to this Agreement in connection with its duties
in such capacity as the Master Servicer or the Certificate Administrator in connection with its duties in such capacity as the
Certificate Administrator under this Agreement will not be Disclosable Special Servicer Fees.

 

(d)          In determining the compensation of the Master Servicer or Special Servicer, as applicable, with respect to Penalty Charges, on
any Distribution Date, the aggregate Penalty Charges collected in respect of the Whole Loan during the related Collection Period
shall be applied (as between Default Interest and late payment charges, in the priority set forth in the definition of “Advance
Interest Amount”) to reimburse (i) the Master Servicer or the Trustee for interest on Advances at the Advance Rate
with respect to the Trust Loan or Whole Loan that accrued in the period that such Penalty Charges were collected and advance interest
to any each Companion Loan Service Provider for any debt service advance made by such party with respect to the related Companion
Loan that accrued in the period that such Penalty Charges were collected, (ii) the Trust Fund for all interest on Advances
with respect to the Trust Loan or Whole Loan previously paid to the Master Servicer, the Trustee or to any Companion Loan Service
Provider pursuant to Section 3.06(a)(vi) of this Agreement and (iii) the Trust Fund for any Additional Trust
Fund Expenses (including Special Servicing Fees, Workout Fees and Liquidation Fees) with respect to the Trust Loan or the Whole
Loan paid during or prior to the Collection Period that such Penalty Charges were collected and not previously paid out of Penalty
Charges, and any Penalty Charges remaining thereafter shall be distributed pro rata to the Master Servicer and the Special
Servicer based upon the amount of Penalty Charges the Master Servicer or the Special Servicer would otherwise have been entitled
to receive during such period with respect to the Whole Loan without any such application.

 

(e)         
The Master Servicer, the Special Servicer, the Certificate Adminis­trator and the Trustee shall be entitled to reimbursement
from the Collection Account in accordance with Section 3.06 for the costs and expenses incurred by them in the performance
of their respective duties under this Agreement which are “unanticipated expenses incurred by the REMIC” within the
meaning of Treasury Regulations Section 1.860G-1(b)(3)(iii). Such expenses shall include, by way of example and not by way
of limitation, environmental assessments, Updated Appraisals and appraisals in connection with foreclosure, the fees and expenses
of any administrative or judicial proceeding and expenses expressly identified as reimbursable in Section 3.06(a)(xv) of this Agreement. All such costs and expenses shall be treated as costs and expenses of the Lower-Tier REMIC and the Companion
Loans, if applicable.

 

(f)          
No provision of this Agreement or of the Certificates shall require the Master Servicer, the Special Servicer, the Certificate
Administrator or the Trustee to expend or risk their own funds or otherwise incur any financial liability in the performance of
any of their duties hereunder or thereunder, or in the exercise of any of their rights or powers, if, in the good faith business
judgment of the Master Servicer, the Special Servicer, the Certificate Administrator

 

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or the Trustee, as the case may be, repayment
of such funds would not be ultimately recoverable from late payments, Net Insurance Proceeds, Net Liquidation Proceeds, Net Condemnation
Proceeds and other collections on or in respect of the Trust Loan, or from adequate indemnity from other assets comprising the
Trust Fund against such risk or liability.

 

If
the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee receives a request or inquiry from the
Borrower, any Certificateholder or any other Person the response to which would, in the Master Servicer’s, the Special Servicer’s,
the Certificate Administrator’s or the Trustee’s good faith business judgment require the assistance of Independent
legal counsel or other consultant to the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee,
the cost of which would not be an expense of the Trust Fund or the Companion Loan Holders hereunder, then the Master Servicer,
the Special Servicer, the Certificate Administrator or the Trustee, as the case may be, shall not be required to take any action
in response to such request or inquiry unless the Borrower, such Certificateholder, or such other Person, as applicable, makes
arrangements for the payment of the Master Servicer’s, the Special Servicer’s, the Certificate Administrator’s
or the Trustee’s expenses associated with such counsel (including, without limitation, posting an advance payment for such
expenses) satisfactory to the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as the case
may be, in its sole discretion. Unless such arrangements have been made, the Master Servicer, the Special Servicer, the Certificate
Administrator or the Trustee, as the case may be, shall have no liability to any Person for the failure to respond to such request
or inquiry.

 

Section 3.13    
Reports to the Certificate Administrator; Collection Account Statements. (a)  The Master Servicer shall deliver
to the Certificate Administrator no later than 3:00 p.m. (New York City Time) one Business Day prior to the Servicer Remittance
Date prior to each Distribution Date, the CREFC® Loan Periodic Update File and the CREFC® Appraisal
Reduction Template (or such other report mutually agreed to between the Master Servicer and the Certificate Administrator), if
available, and to the extent required pursuant to Section 4.08 of this Agreement, with respect to the Trust Loan for
the related Distribution Date (which shall include, without limitation, the amount of Aggregate Available Funds allocable to all
of the Trust Loan) including information therein that states the anticipated P&I Advances for the related Distribution Date
and any CREFC® License Fee Rate. The Master Servicer’s responsibilities under this Section 3.13(a) with respect to REO Loan shall be subject to the satisfaction of the Special Servicer’s obligations under Section 3.23 of this Agreement. In the event of the receipt by the Master Servicer of a Principal Prepayment or other Unscheduled Payment
after a Determination Date but prior to the related Servicer Remittance Date, the Master Servicer shall be permitted to deliver
to the Certificate Administrator a revised CREFC® Loan Periodic Update File by no later than 10:00 a.m. (New York
Time) on the Servicer Remittance Date. In connection with the delivery of any revised report, the Master Servicer shall not be
required to pay the Certificate Administrator or any other party any “re-state fee” or any other fee for delivery
of such revised report and shall not be required to bear any expenses or penalty charges in connection with the processing of
such Principal Prepayment or Unscheduled Payment. With respect to the Companion Loans, the Master Servicer shall make available
to each Companion Loan Holder on each Distribution Date or, if such Companion Loan is securitized, the applicable related Other
Servicer no later than the time(s) that it is available to the Certificate Administrator, the CREFC® Investor Reporting
Package (excluding any templates) pursuant to the terms of this Agreement on a monthly basis. The Special Servicer shall provide
any templates relating to the Companion Loans

 

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 included in the CREFC® Investor Reporting Package and prepared by
the Special Servicer pursuant to the terms hereof to the Master Servicer promptly upon reasonable request. The Master Servicer
shall provide any templates relating to the Companion Loans included in the CREFC® Investor Reporting Package (with
respect to templates required to be prepared by the Special Servicer pursuant to the terms hereof, to the extent received) to
a related Other Servicer upon reasonable request.

 

(b)          For so long as the Master Servicer makes deposits into or credits to and withdrawals or debits from the Collection Account, not
later than 15 days after each Distribution Date, the Master Servicer shall forward to the Certificate Administrator an account
balance report prepared by the Master Servicer setting forth the status of the Collection Account as of the close of business
on the last Business Day of the Collection Period related to such Distribution Date and showing the aggregate amount of deposits
into and withdrawals from the Collection Account. The Trustee and the Certificate Administrator and its agents and attorneys may
at any time during normal business hours, upon reasonable notice, inspect and copy the books, records and accounts of the Master
Servicer solely relating to the Trust Loan and the performance of its duties hereunder.

 

(c)          Beginning in December 2019, no later than 4:00 p.m. (New York City Time) on each Servicer Remittance Date, the Master Servicer
shall deliver or cause to be delivered to the Certificate Administrator (which shall promptly post such report to the Certificate
Administrator’s Website pursuant to Section 4.02(b) of this Agreement), the following reports (in electronic
form) with respect to the Trust Loan (and, if applicable, the REO Property), providing the required information as of the immediately
preceding Determination Date: (i) to the extent the Master Servicer has received the most recent CREFC® Special
Servicer Loan File from the Special Servicer at the time required and the most recent CREFC® Delinquent Loan Status
Report, CREFC® Historical Loan Modification and Corrected Mortgage Loan Report, the CREFC® Loan
Setup File (with respect to the first Distribution Date) and CREFC® REO Status Report, (ii) the most recent
CREFC® Property File, CREFC® Financial File, CREFC® Comparative Financial Status
Report and the CREFC® Loan Level Reserve/LOC Report (in each case incorporating the data required to be included
in the CREFC® Special Servicer Loan File), (iii) the CREFC® Servicer Watch List with information
that is current as of such Determination Date and (iv) the CREFC® Advance Recovery Report.

 

The
information that pertains to a Specially Serviced Loan or REO Property reflected in such reports shall be based solely upon the
reports delivered by the Special Servicer to the Master Servicer (other than information as to which the Master Servicer has the
primary responsibility to generate) no later than the related Determination Date in the form required by Section 3.13(f) of this Agreement or shall be provided by means of such reports so delivered by the Special Servicer to the Master Servicer
in the form so required. In the absence of manifest error, the Master Servicer shall be entitled to conclusively rely upon, without
investigation or inquiry, the information and reports delivered to it by the Special Servicer, and the Certificate Administrator
shall be entitled to conclusively rely upon the Master Servicer’s reports and the Special Servicer’s reports and any
information provided by the Certificate Administrator or the Trustee without any duty or obligation to recompute, verify or recalculate
any of the amounts and other information stated therein.

 

(d)          The Master Servicer shall deliver or cause to be delivered to the Trustee, the Certificate Administrator and the Companion Loan
Holders, the following materials, in each

 

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case to the extent that such materials or the information on which they are based have
been received by the Master Servicer with respect to the Trust Loan, which shall be made available by the Certificate Administrator
on the Certificate Administrator’s Website:

 

(i)          
Within 45 days of receipt by the Master Servicer (or within 60 days of receipt by the Special Servicer with respect to a Specially
Serviced Loan or REO Property pursuant to Section 3.13(g)(i)) of any annual year-end operating statements beginning
with year-end 2020, with respect to the Mortgaged Property or REO Property (to the extent prepared by and received from the Special
Servicer in the case of a Specially Serviced Loan or REO Property), a CREFC® Operating Statement Analysis Report,
together with copies of the related operating statements and rent rolls (but only to the extent the Borrower is required by the
Loan Documents to deliver, or otherwise agrees to provide such information and, with respect to operating statements and rent
rolls for such Specially Serviced Loan or REO Property, only to the extent received by the Special Servicer) for the current trailing
12 months, if available, or year-to-date. The Master Servicer (or the Special Servicer in the case of a Specially Serviced Loan
or REO Property) shall use efforts consistent with the Servicing Standard to obtain said annual and other periodic operating statements
and related rent rolls, which efforts shall be in accordance with the Servicing Standard requesting such annual and other periodic
operating statements and related rent rolls until they are received to the extent such action is consistent with applicable law
and the terms of the Whole Loan. Upon receipt of such annual and other periodic operating statements (including year-to-date statements)
and related rent rolls the Master Servicer shall promptly update the Operating Statement Analysis Report, provided, however,
that any analysis or update with respect to year-end or the first calendar quarter of each year will not be required to the extent
such analysis or update is not required under the then current CREFC® guidelines.

 

(ii)          
Within 45 days after receipt by the Master Servicer (or within 60 days of receipt by the Special Servicer in the case of a Specially
Serviced Loan or REO Property pursuant to Section 3.13(g)(ii)) of any annual year-end operating statements beginning
with year-end 2020, if any, with respect to the Mortgaged Property or REO Property (to the extent prepared by and received from
the Special Servicer in the case of a Specially Serviced Loan or REO Property), a CREFC® NOI Adjustment Worksheet
for the Mortgaged Property (with the annual year-end operating statements attached thereto as an exhibit). The Master Servicer
will use the “Normalized” column from the CREFC® NOI Adjustment Worksheet to update the full year-end
data on any CREFC® Operating Statement Analysis Report and will use any operating statements received with respect
to the Mortgaged Property (other than an REO Property or the Mortgaged Property for so long as the Whole Loan is a Specially Serviced
Loan) to update the CREFC® Operating Statement Analysis Report for the Mortgaged Property, provided, however,
that any analysis or update with respect to year-end or the first calendar quarter of each year will not be required to the extent
such analysis or update is not required under the then current CREFC® guidelines.

 

Additionally,
the Master Servicer shall deliver the CREFC® Operating Statement Analysis Report and CREFC® NOI
Adjustment Worksheet on a monthly basis to the Certificate Administrator; provided, however, the Master Servicer
shall have no obligation to update such

 

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reports except as set forth in the immediately preceding paragraphs, and no analysis or
update shall be required to the extent such analysis or update is not required to be provided under the then-current applicable
CREFC® guidelines.

 

The
Master Servicer shall maintain one CREFC® Operating Statement Analysis Report for the Mortgaged Property or REO
Property (to the extent prepared by and received from the Special Servicer in the case of an REO Property or the Mortgaged Property
for so long as the Whole Loan is a Specially Serviced Loan) relating to the Whole Loan. The CREFC® Operating Statement
Analysis Report for the Mortgaged Property (other than an REO Property or the Mortgaged Property while the Whole Loan is a Specially
Serviced Loan) is to be updated with trailing 12-month information, as available (commencing with the quarter ending in March
2020), or year-to-date information until 12-month trailing information is available by the Master Servicer and such updated report
shall be delivered to the Trustee, the Certificate Administrator and the Companion Loan Holders in the calendar month following
receipt by the Master Servicer of such updated trailing or year-to-date operating statements and related rent rolls for the Mortgaged
Property.

 

The
Special Servicer shall pursuant to Section 3.13(d) of this Agreement deliver to the Master Servicer the information
required of it pursuant to this Section 3.13(d) with respect to a Specially Serviced Loan or REO Loan.

 

(e)          
In connection with their servicing of the Whole Loan, the Master Servicer and the Special Servicer, as applicable, shall provide
to each other and to the Trustee and the Certificate Administrator, written notice of any event that comes to their knowledge
with respect to the Whole Loan or REO Property that the Master Servicer or the Special Servicer, respectively, determines, in
accordance with the Servicing Standard, would have a material adverse effect on the Whole Loan or REO Property, which notice shall
include an explanation as to the reason for such material adverse effect.

 

(f)          
On each Determination Date, the Special Servicer shall deliver, or cause to be delivered, to the Master Servicer, and upon the
request of any of the Trustee, the Certificate Administrator and the Depositor, to such requesting party, the CREFC®
Special Servicer Loan File with respect to a Specially Serviced Loan (and, if applicable, the REO Property), providing the
required information as of the Business Day prior to such Determination Date (or, upon the reasonable request of any Master Servicer,
data files in a form acceptable to the Master Servicer), which CREFC® Special Servicer Loan File shall include
data, to enable the Master Servicer to produce the CREFC® Supplemental Servicer Reports. Such reports or data shall
be presented in writing and in an electronic format acceptable to the Master Servicer.

 

(g)          The Special Servicer shall deliver or cause to be delivered to the Master Servicer and, upon the request of any of the Trustee,
the Certificate Administrator, the Depositor or any Rating Agency, to such requesting party, without charge, the following materials
for a Specially Serviced Loan, in each case to the extent that such materials or the information on which they are based have
been received by the Special Servicer:

 

(i)          
Beginning in 2020, within 60 days of receipt by the Special Servicer of any annual operating statements with respect to a Specially
Serviced Loan, a CREFC® Operating Statement Analysis Report for the Mortgaged Property or REO Property as of

 

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 the
end of the preceding calendar year, together with copies of the operating statements and rent rolls for the Mortgaged Property
or REO Property as of the end of the preceding calendar year (but only to the extent the Borrower is required by the Loan Documents
to deliver, or otherwise agrees to provide, such information) and for the current trailing 12 months, if available, or year-to-date.
The Special Servicer shall use commercially reasonable efforts to obtain said annual and other periodic operating statements and
related rent rolls with respect to the Mortgaged Property for so long as the Whole Loan is a Specially Serviced Loan or REO Property,
which efforts shall be in accordance with the Servicing Standard requesting such annual and other periodic operating statements
until they are received, provided, however, that any analysis or update with respect to year-end or the first calendar
quarter of each year will not be required to the extent such analysis or update is not required under the then current CREFC®
guidelines.

 

(ii)         
Beginning in 2020, within 60 days of receipt by the Special Servicer of any annual operating statements with respect to the Mortgaged
Property for so long as the Whole Loan is a Specially Serviced Loan, a CREFC® NOI Adjustment Worksheet for the
Mortgaged Property or REO Property (with the annual operating statements attached thereto as an exhibit); provided, however,
that, with the consent of the Master Servicer, the Special Servicer may instead provide data files in a form acceptable to the
Master Servicer. The Special Servicer will use the “Normalized” column from the CREFC® NOI Adjustment
Worksheet to update the full year-end data on any CREFC® Operating Statement Analysis Report and will use any operating
statements received with respect to the Mortgaged Property for so long as the Whole Loan is a Specially Serviced Loan or an REO
Property to update the CREFC® Operating Statement Analysis Report for the Mortgaged Property, provided,
however, that any analysis or update with respect to year-end or the first calendar quarter of each year will not be required
to the extent such analysis or update is not required under the then current CREFC® guidelines.

 

Upon
request for receipt of any such items from any Rating Agency, the Master Servicer shall forward such items to the 17g-5 Information
Provider (who shall promptly post such items to the 17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement).

 

The
Special Servicer shall maintain one CREFC® Operating Statement Analysis Report for the Mortgaged Property for so
long as the Whole Loan is a Specially Serviced Loan or the Mortgaged Property is an REO Property. The CREFC® Operating
Statement Analysis Report for the Mortgaged Property or REO Property is to be updated by the Special Servicer and such updated
report delivered to the Master Servicer within 45 days after receipt by the Special Servicer of updated operating statements and
related rent rolls for the Mortgaged Property when the Whole Loan is a Specially Serviced Loan or the Mortgaged Property is an
REO Property; provided, that the Special Servicer may instead provide data files in an electronic form acceptable to the
Special Servicer. The Special Servicer shall provide each such report to the Master Servicer in the then applicable CREFC®
format.

 

(h)          If the Master Servicer or the Special Servicer, as applicable, is required to deliver any statement, report or information under
any provision of this Agreement (including Section 3.14), the Master Servicer or the Special Servicer, as the case
may be, may satisfy such obligation by (x) delivering such statement, report or information in a commonly used electronic
format or (y) making such statement, report or information available on the Master Servicer’s

 

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Website, unless this
Agreement expressly specifies a particular method of delivery; provided that all reports required to be delivered to the
Certificate Administrator shall be delivered in accordance with clause (x) or (y).

 

(i)           
The Master Servicer may, but is not required to, make any of the reports or files it delivers pursuant to this Section 3.13 available each month on the Master Servicer’s Website only with the use of a password, in which case the Master Servicer
shall provide such password to (i) the other parties to this Agreement, who by their acceptance of such password shall be
deemed to have agreed not to disclose such password to any other Person and (ii) each Certificateholder and prospective Certificateholder
who requests such password, provided that any such Certificateholder or prospective Certificateholder, as the case may
be, and has delivered an Investor Certification to the Trustee, the Certificate Administrator and the Master Servicer. In connection
with providing access to the Master Servicer’s Website, the Master Servicer may require registration and the acceptance
of a disclaimer and otherwise (subject to the preceding sentence) adopt reasonable rules and procedures, which may include, to
the extent the Master Servicer deems necessary or appropriate, conditioning access on execution of an agreement governing the
availability, use and disclosure of such information, and which may provide indemnification to the Master Servicer for any liability
or damage that may arise therefrom.

 

(j)           
With respect to each Collection Period, the Special Servicer shall deliver or cause to be delivered to the Master Servicer, without
charge and on the related Determination Date, an electronic report which may include html, word or excel compatible format, clean
and searchable pdf format or such other format as mutually agreeable between the Certificate Administrator and the Special Servicer
that discloses and contains an itemized listing of any Disclosable Special Servicer Fees received by the Special Servicer or any
of its Affiliates during the related Collection Period (and the Master Servicer, if it has received such information, shall forward
such information to the Certificate Administrator no later than the Servicer Remittance Date); provided that no such report
shall be required to be delivered if there is no Disclosable Special Servicer Fees for the related Collection Period. In the event
no such report is delivered to the Master Servicer, the Master Servicer shall be entitled to assume no report was delivered because
no Disclosable Special Servicer Fees existed for the related Collection Period. Such report to the Certificate Administrator may
omit any information that has previously been delivered to the Certificate Administrator by the Master Servicer or the Special
Servicer; provided that the Certificate Administrator shall include all such related information in the Distribution Date
Statement regardless of how such information was conveyed to it.

 

Section 3.14    
Access to Certain Documentation. (a)  The Master Servicer and Special Servicer, as applicable, shall provide
to any Certificateholders and the Companion Loan Holders that are federally insured financial institutions, the Federal Reserve
Board, the FDIC and the OTS and the supervisory agents and examiners of such boards and such corporations, and any other federal
or state banking or insurance regulatory authority that may exercise authority over any Certificateholder or the Companion Loan
Holders is subject, access to the documentation regarding the Trust Loan required by applicable regulations of the Federal Reserve
Board, FDIC, OTS or any such federal or state banking or regulatory authority, such access being afforded without charge but only
upon reasonable written request and during normal business hours at the offices of the Master Servicer or Special Servicer, as
applicable. In addition, upon reasonable prior written notice to the Master Servicer or the Special Servicer, as the case may
be, the Trustee, the

 

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 Certificate Administrator, the Depositor or their accountants or other representatives shall have reasonable
access to review the documents, correspondence and records in the possession of the Master Servicer or the Special Servicer, as
the case may be, as they relate to the Mortgaged Property and any REO Property during normal business hours at the offices of
the Master Servicer or the Special Servicer, as the case may be. Nothing in this Section 3.14 shall detract from the
obligation of the Master Servicer and Special Servicer to observe any applicable law prohibiting disclosure of information with
respect to the Borrower, and the failure of the Master Servicer and Special Servicer to provide access as provided in this Section 3.14 as a result of such obligation shall not constitute a breach of this Section 3.14.

 

(b)          In connection with providing or granting any information or access pursuant to the prior paragraph to a Certificateholder, a Companion
Loan Holder or any regulatory authority that may exercise authority over a Certificateholder, a Companion Loan Holder, the Master
Servicer and the Special Servicer may each require payment from such Certificateholder of a sum sufficient to cover the reasonable
costs and expenses of providing such information or access, including copy charges and reasonable fees for employee time and for
space; provided that no charge may be made if such information or access was required to be given or made available under
applicable law. In connection with providing Certificateholders or the Companion Loan Holders access to the information described
in the preceding paragraph, the Master Servicer and the Special Servicer, as applicable, may require (prior to affording such
access) a written confirmation executed by the requesting Person substantially in such form as may be reasonably acceptable to
the Master Servicer or the Special Servicer, as the case may be, generally to the effect that such Person is a Holder of Certificates,
a Companion Loan Holder or a beneficial holder of Book-Entry Certificates or a regulator or governmental body and will keep such
information confidential.

 

(c)          
Upon the reasonable request of any Certificateholder or any Companion Loan Holder identified to the Master Servicer to the Master
Servicer’s reasonable satisfaction, the Master Servicer may provide (or forward electronically) (at the expense of such
Certificateholder or Companion Loan Holder, as applicable) copies of any appraisals, operating statements, rent rolls and financial
statements obtained by the Master Servicer or the Special Servicer; provided that, in connection therewith, the Master
Servicer or the Special Servicer may require a written confirmation executed by the requesting Person substantially in such form
as may be reasonably acceptable to the Master Servicer or Special Servicer, generally to the effect that such Person is a Holder
of Certificates, a Companion Loan Holder or a beneficial holder of Book-Entry Certificates or a regulator or a governmental body
and will keep such information confidential.

 

(d)          The 17g-5 Information Provider shall make available solely to the Depositor and to any NRSRO that delivers an NRSRO Certification
to the 17g-5 Information Provider the following items to the extent such items are delivered to it via electronic mail at 17g5informationprovider@wellsfargo.com
(or such other address as the 17g-5 Information Provider shall specify by written notice to the other parties hereto) in an electronic
format readable and uploadable (that is not locked or corrupted) on the 17g-5 Information Provider’s system, specifically
with a subject reference of “CPTS 2019-CPT” and an identification of the type of information being provided in the
body of such electronic mail; or via any alternative electronic mail address following notice to the parties hereto or any other
delivery method established or approved by the 17g-5 Information Provider if or as may be necessary or beneficial (provided,

 

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however, if such information is not in electronic format readable and uploadable (that is not locked or corrupted), then
the 17g-5 Information Provider shall immediately notify the applicable delivering party thereof, whereupon such party shall promptly
deliver the subject information in such format):

 

(i)          
any waivers delivered to the 17g-5 Information Provider pursuant to Section 3.09 of this Agreement;

 

(ii)          any Officer’s Certificate supporting any determination that any Advance was (or, if made, would be) a Nonrecoverable Advance
delivered to the 17g-5 Information Provider pursuant to Section 3.21(d) or Section 4.07(d) of this Agreement
and notice of determination not to refrain from reimbursement of all Nonrecoverable Advances;

 

(iii)         any Asset Status Report delivered by the Special Servicer pursuant to Section 3.23(e) of this Agreement;

 

(iv)         any environmental assessments delivered by the Special Servicer pursuant to Section 3.10(h) of this Agreement;

 

(v)         
any annual statements as to compliance and related Officer’s Certificates delivered pursuant to Section 3.28
of this Agreement;

 

(vi)         any annual independent public accountants’ attestation reports delivered pursuant to Section 3.29 of this Agreement;

 

(vii)        any Appraisals delivered to the 17g-5 Information Provider pursuant to Section 3.10 of this Agreement;

 

(viii)       any notice to the Rating Agencies relating to the Special Servicer’s determination to take action without receiving a No
Downgrade Confirmation from any Rating Agency as set forth in the definition of “No Downgrade Confirmation” pursuant
to Section 3.30 of this Agreement;

 

(ix)         
copies of any questions or requests submitted by the Rating Agencies directed toward the Master Servicer, Special Servicer, Certificate
Administrator or Trustee;

 

(x)          
any requests for a No Downgrade Confirmation that are delivered to the 17g-5 Information Provider pursuant to Section 3.30
of this Agreement;

 

(xi)         
any notice of resignation of the Trustee or Certificate Administrator and any notice of the acceptance of appointment by the successor
Trustee or successor Certificate Administrator pursuant to Section 8.07 or Section 8.08, as applicable,
of this Agreement;

 

(xii)         any notice of resignation or assignment of the rights of the Master Servicer or the Special Servicer pursuant to Section 6.04 of this Agreement;

 

(xiii)        any notice of Servicer Termination Event or termination of the Master Servicer or the Special Servicer delivered pursuant to Section 7.03 of this Agreement;

 

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(xiv)        any notice of the merger or consolidation of the Certificate Administrator or the Trustee pursuant to Section 8.09
of this Agreement;

 

(xv)         any notice of the merger or consolidation of the Master Servicer or the Special Servicer pursuant to Section 6.02
of this Agreement;

 

(xvi)        any notice of any amendment that modifies the procedures herein relating to Exchange Act Rule 17g-5 pursuant to Section 10.08 of this Agreement;

 

(xvii)       any notice or other information provided by the Master Servicer pursuant to Section 10.07 of this Agreement;

 

(xviii)      any summary of oral communication with the Rating Agencies delivered to the 17g-5 Information Provider pursuant to Section 3.14(f) of this Agreement; provided that the summary of such oral communication shall not attribute which Rating Agency the
communication was with;

 

(xix)        the Rating Agency Q&A Forum and Document Request Tool; and

 

(xx)         such information as is delivered to the 17g-5 Information Provider by the Depositor in mutually agreeable electronic format within
fifteen (15) days of the Closing Date.

 

The
foregoing information shall be made available by the 17g-5 Information Provider on the 17g-5 Information Provider’s Website
(a link to which shall be provided on the Depositor’s website at www.intralinks.com or such other website as the Depositor
may notify the parties hereto in writing). Information will be posted on the same Business Day of receipt provided that
such information is received by 2:00 p.m. (eastern time) or, if received after 2:00 p.m., on the next Business Day by
12:00 p.m. (eastern time). The 17g-5 Information Provider shall have no obligation or duty to verify, confirm or otherwise determine
whether the information being delivered is accurate, complete, conforms to the transaction, or otherwise is or is not anything
other than what it purports to be or whether such information (other than (solely with respect to the 17g-5 Information Provider’s
obligation to post such information) the information set forth in clauses (i) through (xix) above) is required to
be posted on the 17g-5 Information Provider’s Website pursuant to this Agreement or Rule 17g-5. In the event that any
information is delivered or posted in error, the 17g-5 Information Provider may remove it from the 17g-5 Information Provider’s
Website. The Certificate Administrator and the 17g-5 Information Provider have not obtained and shall not be deemed to have obtained
actual knowledge of any information only by receipt and posting to the 17g-5 Information Provider’s Website. Access will
be provided by the 17g-5 Information Provider to the Rating Agencies, and to the NRSROs upon receipt of an NRSRO Certification
in the form of Exhibit O hereto (which certification may be submitted electronically via the 17g-5 Information Provider’s
Website) on the same Business Day as the request if such certification is submitted by 2:00 p.m., and if such certification is
submitted after 2:00 p.m., on the following Business Day. Questions regarding delivery of information to the 17g-5 Information
Provider may be directed to 17g5informationprovider@wellsfargo.com (or such other address as the 17g-5 Information Provider
shall specify by written notice to the other parties hereto).

 

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Upon
delivery by the Depositor to the 17g-5 Information Provider of information designated by the Depositor as pre-closing information
from the Depositor’s 17g-5 Website (the “Pre-close Information”), the 17g-5 Information Provider
shall make such information available only to the Depositor and to NRSROs via the 17g-5 Information Provider’s Website pursuant
to this Section 3.13(d). Such information shall be provided to the 17g-5 Information Provider via electronic media
and delivered to the 17g-5 Information Provider as mutually agreed. The Depositor shall not be entitled to direct the 17g-5
Information Provider to provide access to the Pre-close Information or any other information on the 17g-5 Information Provider’s
Website to any designee or third party. The Master Servicer or the Special Servicer, as applicable, may, but shall not be obligated
to, provide information to the 17g-5 Information Provider that is neither specifically required hereunder, nor required by any
Rating Agency, and the 17g-5 Information Provider shall post such information pursuant to the terms hereof.

 

The
17g-5 Information Provider shall notify (i) any party that delivers information to the 17g-5 Information Provider under this
Agreement that such information was received and (ii) any party that delivers information to the 17g-5 Information Provider
under this Agreement and each Person that has signed up for access to the 17g-5 Information Provider’s Website in respect
of the transaction governed by this Agreement each time an additional document is posted to the 17g-5 Information Provider’s
Website and such notice shall specifically identify such document. The 17g-5 Information Provider shall send such notice to such
Persons to the email address that has been provided by and is used by such Person for the purpose of accessing the 17g-5 Information
Provider’s Website, including a general email address if such general email address has been provided to the 17g-5 Information
Provider in connection with a completed NRSRO Certification in the form of Exhibit O hereto.

 

The
17g-5 Information Provider shall make available, only to the Rating Agencies and NRSROs, the Rating Agency Q&A Forum and Document
Request Tool. The “Rating Agency Q&A Forum and Document Request Tool” shall be a service available on the
17g-5 Information Provider’s Website, where the Rating Agencies and NRSROs may (i) submit Inquiries to the Certificate
Administrator relating to the Distribution Date Statement, or submit Inquiries to the Master Servicer or the Special Servicer,
as applicable, relating to the reports being made available pursuant to this Section 3.14(d), the Whole Loan or the
Mortgaged Property, (ii) view Inquiries that have been previously submitted and answered, together with the answers thereto
and (iii) submit requests for loan-level reports and information. Upon receipt of an Inquiry for the Certificate Administrator,
the Master Servicer or the Special Servicer, the 17g-5 Information Provider shall forward the Inquiry to the Certificate Administrator,
the Master Servicer or the Special Servicer, as applicable, in each case within a commercially reasonable period following receipt
thereof. Following receipt of an Inquiry or request relating to the subject matters described in clauses (i) or (iii) above, the Certificate Administrator, the Master Servicer or the Special Servicer, as applicable, unless it determines not
to answer such Inquiry as provided below, shall reply to the Inquiry, which reply of the Certificate Administrator, Master Servicer
or Special Servicer shall be by email to the 17g-5 Information Provider. The 17g-5 Information Provider shall post (within a commercially
reasonable period following preparation or receipt of such answer, as the case may be) such Inquiry and the related answer (or
reports, as applicable) to the 17g-5 Information Provider’s Website. Any report posted by the 17g-5 Information Provider
in response to a request may be posted on a page accessible by a link on the 17g-5 Information Provider’s Website. If the
Certificate Administrator, the Master Servicer or the Special Servicer

 

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determines, in its respective sole discretion, that (i) the
Inquiry is beyond the scope outlined above, (ii) answering any Inquiry would be in violation of applicable law, the Servicing
Standard, this Agreement or the applicable Loan Documents, (iii) answering any Inquiry would or is reasonably expected to
result in a waiver of an attorney-client privilege or the disclosure of attorney work product or is not otherwise advisable to
answer or (iv)(A) answering any Inquiry would materially increase the duties of, or result in significant additional cost
or expense to, the Certificate Administrator, the Master Servicer or the Special Servicer, as applicable, and (B) the Certificate
Administrator, the Master Servicer or the Special Servicer, as applicable, determines in accordance with the Servicing Standard
(or in good faith, in the case of the Certificate Administrator) that the performance of such duties or the payment of such costs
and expenses is beyond the scope of its duties in its capacity as Certificate Administrator, Master Servicer or Special Servicer,
as applicable, under this Agreement, it shall not be required to answer such Inquiry and, in the case of the Certificate Administrator,
Master Servicer or the Special Servicer, shall promptly notify the 17g-5 Information Provider, and the 17g-5 Information Provider
shall post such Inquiry on the Rating Agency Q&A Forum and Document Request Tool together with a statement that such Inquiry
was not answered. Answers posted on the Rating Agency Q&A Forum and Document Request Tool will be attributable only to the
respondent, and shall not be deemed to be answers from any of the Depositor, the Initial Purchasers, the Master Servicer, the
Special Servicer, the Certificate Administrator or the Trustee or any of their respective Affiliates and no such party shall have
any responsibility or liability for the content of any such information. The 17g-5 Information Provider shall not be required
to post to the 17g-5 Information Provider’s Website any Inquiry or answer thereto that the 17g-5 Information Provider determines,
in its sole discretion, is administrative or ministerial in nature. The Rating Agency Q&A Forum and Document Request Tool
will not reflect questions, answers and other communications between the 17g-5 Information Provider and any Person which are not
submitted via the 17g-5 Information Provider’s Website.

 

In
connection with providing access to the Certificate Administrator’s Website and the 17g-5 Information Provider’s Website,
the Certificate Administrator and/or the 17g-5 Information Provider may require registration and the acceptance of a disclaimer.
The Certificate Administrator and the 17g-5 Information Provider, as the case may be, shall not be liable for the dissemination
of information in accordance with the terms of this Agreement, make no representations or warranties as to the accuracy or completeness
of such information being made available, and assume no responsibility for such information; provided that it is acknowledged
and agreed that the 17g-5 Information Provider shall not be charged with knowledge of any of the contents of such information
solely by virtue of its compliance with its obligations to post such information to the 17g-5 Information Provider’s Website.
The 17g-5 Information Provider shall not be liable for its failure to make any information available to the NRSROs unless such
information was delivered to the 17g-5 Information Provider at the email address set forth herein (or other form of electronic
delivery reasonably acceptable to the 17g-5 Information Provider and Master Servicer or Special Servicer, as applicable) in an
electronic format readable and uploadable (that is not locked or corrupted) on the 17g-5 Information Provider’s system,
with a subject heading of “CPTS 2019-CPT” and sufficient detail to indicate that such information is required to be
posted on the 17g-5 Information Provider’s Website; provided, however, that if such information is not in
electronic format readable and uploadable (that is not locked or corrupted), then the 17g-5 Information Provider shall immediately
notify the applicable delivering party thereof, whereupon such party shall promptly deliver the subject information in such format.

 

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The
17g-5 Information Provider shall not be responsible or have any liability for any act, omission or delay attributable to the failure
of any other party to this Agreement to timely deliver information to be posted on the 17g-5 Information Provider’s Website
or for any errors or defects in the information supplied by any such party. Neither the Certificate Administrator nor the 17g-5
Information Provider has obtained and neither shall be deemed to have obtained actual knowledge of any information solely by receipt
or posting to the Certificate Administrator’s Website or the 17g-5 Information Provider’s Website, as applicable.

 

The
17g-5 Information Provider’s obligations in respect of Rule 17g-5 or any other law or regulation related thereto shall be
limited to the specific obligations contained in this Agreement and the 17g-5 Information Provider makes no representations or
warranties as to the compliance of the Depositor with Rule 17g-5 or any other law or regulation related thereto.

 

(e)          Each of the Master Servicer and the Special Servicer may, in accordance with such reasonable rules and procedures as it may adopt,
also deliver, produce or otherwise make available through its website or otherwise, any additional information identified in Section 3.14(d) of this Agreement relating to the Whole Loan, the Mortgaged Property or the Borrower, for review by the Depositor, the Initial
Purchasers and any other Persons who deliver an Investor Certification in accordance with this Section 3.14, the Companion
Loan Holders and the Rating Agencies (collectively, the “Disclosure Parties”) (only to the extent such additional
information is simultaneously or previously delivered to the 17g-5 Information Provider in accordance with the provisions of Section 3.14(d) of this Agreement, which shall post such additional information on the 17g-5 Information Provider’s Website in accordance
with the provisions of Section 3.14(d) of this Agreement), in each case, except to the extent doing so is prohibited
by this Agreement, applicable law or by the Loan Documents. Each of the Master Servicer and the Special Servicer shall be entitled
to (i) indicate the source of such information and affix thereto any disclaimer it deems appropriate in its discretion and/or
(ii) require that the recipient of such information (A) except for the Depositor, enter into an Investor Certification
or other confidentiality agreement acceptable to the Master Servicer or the Special Servicer, as the case may be, and (B) acknowledge
that the Master Servicer or the Special Servicer may contemporaneously provide such information to any other Disclosure Party.
In addition, to the extent access to such information is provided via the Master Servicer’s or the Special Servicer’s
website, the Master Servicer and the Special Servicer may require registration and the acceptance of a reasonable and customary
disclaimer and/or an additional or alternative agreement as to the confidential nature of such information. In connection with
providing access to or copies of the information described in this Section 3.14(e) to current or prospective Certificateholders
the form of confidentiality agreement used by the Master Servicer or the Special Servicer, as applicable, shall be: (i) in
the case of a Certificateholder (or a licensed or registered investment advisor acting on behalf of such Certificateholder), an
Investor Certification executed by the requesting Person indicating that such Person is a Holder of Certificates and will keep
such information confidential (except that such Certificateholder may provide such information (x) to its auditors, legal
counsel and regulators and (y) to any other Person that holds or is contemplating the purchase of any Certificate or interest
therein (provided that such other Person confirms in writing such ownership interest or prospective ownership interest
and agrees to keep such information confidential)); and (ii) in the case of a prospective purchaser of Certificates or interests
therein (or a licensed or registered investment advisor acting on behalf of such prospective purchaser), an Investor Certification
indicating that such Person is a prospective purchaser of a Certificate or an interest therein and is requesting the information
for

 

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use in evaluating a possible investment in Certificates and will otherwise keep such information confidential with no further
dissemination (except that such Certificateholder may provide such information to its auditors, legal counsel and regulators).
In the case of a licensed or registered investment advisor acting on behalf of a current or prospective Certificateholder, the
Investor Certification shall be executed and delivered by both the investment advisor and such current or prospective Certificateholder.

 

Neither
the Master Servicer nor the Special Servicer shall be liable for its dissemination of information in accordance with this Agreement
or by others in violation of the terms of this Agreement. Neither the Master Servicer nor the Special Servicer shall be responsible
or have any liability for the completeness or accuracy of the information delivered, produced or otherwise made available pursuant
to this Section 3.14 unless (i) the Master Servicer or Special Servicer, as applicable, is the original source
for such information and (ii) such failure to deliver complete and accurate information is by reason of such party’s
willful misconduct, bad faith, fraud and/or negligence.

 

(f)          
The Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall be permitted (but shall not be
required) to orally communicate with the Rating Agencies regarding the Trust Loan, the Whole Loan, any Class of Certificates,
the Companion Loan Holders, the Mortgaged Property or any REO Property; provided that such party summarizes the information
provided to the Rating Agencies in such communication in writing and provides the 17g-5 Information Provider with such written
summary in accordance with the procedures set forth in Section 3.14(d) of this Agreement the same day such communication
takes place; provided, further, that the summary of such oral communications shall not attribute which Rating Agency
the communication was with. The 17g-5 Information Provider shall post such written summary on the 17g-5 Information Provider’s
Website in accordance with the procedures set forth in Section 3.14(d) of this Agreement.

 

(g)          None of the foregoing restrictions in this Section 3.14 or otherwise in this Agreement shall prohibit or restrict
oral or written communications, or providing information, between the Master Servicer or the Special Servicer, on the one hand,
and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review
of the ratings it assigns to the Master Servicer or the Special Servicer, as applicable, (ii) such Rating Agency’s
or NRSRO’s approval of the Master Servicer or the Special Servicer, as applicable, as a commercial mortgage master, special
or primary servicer or (iii) such Rating Agency’s or NRSRO’s evaluation of the Master Servicer’s or the
Special Servicer’s, as applicable, servicing operations in general; provided that the Master Servicer or the Special
Servicer, as applicable, shall not provide any information relating to the Certificates or the Trust Loan to any Rating Agency
or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless (x) Borrower, property and other
deal specific identifiers are redacted; (y) such information has already been provided to the 17g-5 Information Provider
pursuant to the terms hereof; or (z) such Rating Agency confirms in writing that it does not intend to use such information
in undertaking credit rating surveillance with respect to the Certificates; provided, however, that the Rating Agencies
may use information delivered in reliance on the certification provided in this clause (z) for any purpose to the extent
it is publicly available (unless the availability results from a breach of this Agreement or any other confidentiality agreement
to which such Rating Agency is subject) or comprises information collected by the applicable Rating Agency from the 17g-5 Information

 

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Provider’s Website (or another 17g-5 information provider’s website that such Rating Agency has access to) (in each
case, subject to any agreement governing the use of such information, including any engagement letter with the Depositor or any
other applicable depositor).

 

(h)         
The costs and expenses of compliance with this Section 3.14 by the Depositor, the Master Servicer, the Special Servicer,
the Trustee and any other party hereto shall not be Additional Trust Fund Expenses.

 

(i)           
If any of the parties to this Agreement receives a Form ABS Due Diligence-15E from any party in connection with any third-party
due diligence services such party may have provided with respect to the Trust Loan (“Due Diligence Service Provider”),
such receiving party shall promptly forward such Form ABS Due Diligence-15E to the 17g-5 Information Provider for posting on the
17g-5 Information Provider’s Website. The 17g-5 Information Provider shall post on the 17g-5 Information Provider’s
Website any Form ABS Due Diligence-15E it receives directly from a Due Diligence Service Provider or from another party to this
Agreement, promptly upon receipt thereof.

 

Section 3.15    
Title and Management of REO Property and REO Accounts. (a) In the event that title to the Mortgaged Property is acquired
for the benefit of the Certificateholders and the Companion Loan Holders in foreclosure, by deed-in-lieu of foreclosure or upon
abandonment or reclamation from bankruptcy, the deed or certificate of sale shall be taken in the name of the Trustee, or its
nominee (which shall not include the Master Servicer), or a separate Trustee or Co-Trustee, in each case on behalf of the
Trust Fund and the Companion Loan Holders. The Special Servicer, on behalf of the Trust Fund and the Companion Loan Holders, shall
dispose of any REO Property prior to the close of the third calendar year following the year in which the Trust Fund acquires
ownership of the REO Property for purposes of Section 860G(a)(8) of the Code, unless (i) the Special Servicer on behalf
of the Lower-Tier REMIC has applied for an extension of such period pursuant to Sections 856(e)(3) and 860G(a)(8)(A) of the
Code, in which case the Special Servicer shall sell the REO Property within the applicable extension period or if the Special
Servicer has applied for extension as provided in this clause (i) but such request has not yet been granted
or denied, the additional time specified in such request, or (ii) the Special Servicer seeks and subsequently receives an
Opinion of Counsel (which opinion shall be an expense of the Trust Fund and allocated in accordance with the allocation provisions
set forth in the Co-Lender Agreement), addressed to the Special Servicer, the Certificate Administrator and the Trustee, to
the effect that the holding by the Trust Fund of the REO Property for an additional specified period will not cause the REO Property
to fail to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code (determined
without regard to the exception applicable for purposes of Section 860D(a) of the Code) at any time that any Certificate
is outstanding, in which event such period shall be extended by such additional specified period subject to any conditions set
forth in such Opinion of Counsel. The Special Servicer, on behalf of the Trust Fund and the Companion Loan Holders, shall dispose
of any REO Property held by the Trust Fund prior to the last day of such period (taking into account extensions) by which the
REO Property is required to be disposed of pursuant to the provisions of the immediately preceding sentence in a manner provided
under Section 3.16 hereof. The Special Servicer shall manage, conserve, protect and operate the REO Property for the
Certificateholders and the Companion Loan Holders solely for the purpose of its prompt disposition and sale in a manner which
does not cause the REO Property to fail to qualify as “foreclosure property” within the meaning of

 

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Section 860G(a)(8)
of the Code (determined without regard to the exception applicable for purposes of Section 860D(a) of the Code) and such
that income from the operation or sale of such property does not result in receipt by the Trust Fund of any income from non-permitted
assets as described in Section 860F(a)(2)(B) of the Code with respect to such property.

 

(b)          The Special Servicer shall have full power and authority, subject only to the Servicing Standard and the specific requirements
and prohibitions of this Agreement, to do any and all things in connection with any REO Property as are consistent with the manner
in which the Special Servicer manages and operates similar property owned or managed by the Special Servicer or any of its Affiliates,
all on such terms and for such period as the Special Servicer deems to be in the best interests of Certificateholders and the
Companion Loan Holders, in connection therewith, the Special Servicer shall agree to the payment of management fees that are consistent
with general market standards. Consistent with the foregoing, the Special Servicer shall cause or permit to be earned with respect
to the REO Property any “net income from foreclosure property”, within the meaning of Section 860G(c) of the
Code, which is subject to tax under the REMIC Provisions, only if it has determined, and has so advised the Trustee and the Certificate
Administrator in writing, that the earning of such income on a net after-tax basis could reasonably be expected to result in a
greater recovery on behalf of Certificateholders and the Companion Loan Holders than an alternative method of operation or rental
of the REO Property that would not be subject to such a tax.

 

The
Special Servicer shall segregate and hold all revenues received by it with respect to any REO Property separate and apart from
its own funds and general assets and shall establish and maintain with respect to any REO Property a segregated custodial account
(each, an “REO Account”), each of which shall be either (A) an Eligible Account and shall be entitled
“CWCapital Asset Management LLC, on behalf of Wilmington Trust, National Association, as Trustee, in trust for the benefit
of the Holders of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates and the Companion Loan Holders, REO
Account” or (B) entitled in the name of the limited liability company formed to hold title to the REO Property for
the benefit of the Trustee. Title of any REO Property may be taken in the name of a limited liability company wholly owned by
the Lower-Tier Trust REMIC that is managed by the Special Servicer (the costs of which shall be advanced by the Master Servicer;
provided that such Advance would not be a Nonrecoverable Advance); provided, further, that such limited liability
company (a) shall not elect to be classified as anything other than an entity that is disregarded as separate from the Lower-Tier
Trust REMIC for federal income tax purposes and (b) shall only hold assets permitted under the REMIC Provisions to be held
by a REMIC. The Special Servicer shall be entitled to withdraw for its account any interest or investment income earned on funds
deposited in the REO Account to the extent provided in Section 3.07(b) of this Agreement. The Special Servicer shall
deposit or cause to be deposited REO Proceeds in the REO Account within two (2) Business Days after receipt of such properly identified
REO Proceeds, and shall withdraw therefrom funds necessary for the proper operation, management and maintenance of the REO Property
and for other Property Protection Expenses with respect to the REO Property, including:

 

(i)          
 all insurance premiums due and payable in respect of any REO Property;

 

(ii)          
all real estate taxes and assessments in respect of any REO Property that may result in the imposition of a lien thereon;

 

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(iii)          all costs and expenses reasonable and necessary to protect, maintain, manage, operate, repair and restore any REO Property; and

 

(iv)         
any taxes imposed on the Lower-Tier REMIC in respect of net income from foreclosure property in accordance with Section 4.05.

 

To
the extent that such REO Proceeds are insufficient for the purposes set forth in clauses (i) through (iii)
above, the Master Servicer shall make such Advance unless the Master Servicer determines, in accordance with the Servicing Standard,
that such Property Advance would constitute a Nonrecoverable Advance (provided that with respect to advancing insurance
premiums or delinquent tax assessments the Master Servicer shall comply with the provisions of the second to last paragraph in
Section 3.21(d) of this Agreement) and if the Master Servicer does not make any such Advance, the Trustee, to the
extent the Trustee has actual knowledge of the Master Servicer’s failure to make such Advance, shall make such Advance,
unless in each case, the Master Servicer or the Trustee, as applicable, determines that such Advance would be a Nonrecoverable
Advance. The Trustee shall be entitled to rely, conclusively, on any determination by the Special Servicer or the Master Servicer,
as applicable, that an Advance, if made, would be a Nonrecoverable Advance. The Trustee, when making an independent determination
whether or not a proposed Advance would be a Nonrecoverable Advance, shall make such determination in accordance with Section 3.21(d) based on its reasonable judgment. The Master Servicer or the Trustee, as applicable, shall be entitled to reimbursement of
such Advances (with interest at the Advance Rate) made pursuant to the preceding sentence, to the extent permitted by Section 3.06 of this Agreement. The Special Servicer shall withdraw from the REO Account and remit to the Master Servicer for deposit into
the Collection Account on a monthly basis prior to or on the related Determination Date the Net REO Proceeds received or collected
from each REO Property, except that in determining the amount of such Net REO Proceeds, the Special Servicer may retain in each
REO Account reasonable reserves for repairs, replacements and necessary capital improvements and other related expenses.

 

Notwithstanding
the foregoing, the Special Servicer shall not:

 

(i)           
permit any New Lease to be entered into, renewed or extended, if the New Lease by its terms will give rise to any income that
does not constitute Rents from Real Property;

 

(ii)          
permit any amount to be received or accrued under any New Lease, other than amounts that will constitute Rents from Real Property;

 

(iii)         
authorize or permit any construction on any REO Property, other than the repair or maintenance thereof or the completion of a
building or other improvement thereon, and then only if more than ten percent of the construction of such building or other improvement
was completed before default on the Trust Loan became imminent, all within the meaning of Section 856(e)(4)(B) of the Code;
or

 

(iv)         
Directly Operate or allow any Person to Directly Operate any REO Property on any date more than 90 days after its date of acquisition
by the Trust Fund, unless such Person is an Independent Contractor;

 

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unless,
in any such case, the Special Servicer has requested and received an Opinion of Counsel addressed to the Special Servicer, the
Certificate Administrator and the Trustee (which opinion shall be an expense of the Trust Fund and allocated in accordance with
the allocation provisions of the Co-Lender Agreement) to the effect that such action will not cause the REO Property to fail
to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code (determined without
regard to the exception applicable for purposes of Section 860D(a) of the Code) at any time that it is held by the Trust
Fund, in which case the Special Servicer may take such actions as are specified in such Opinion of Counsel.

 

The
Special Servicer shall be required to contract with an Independent Contractor, the fees and expenses of which shall be an expense
of the Trust Fund and allocated in accordance with the allocation provisions of the Co-Lender Agreement and payable out of
REO Proceeds, for the operation and management of any REO Property, within 90 days of the Trust Fund’s acquisition thereof
(unless the Special Servicer shall have provided the Trustee and the Certificate Administrator with an Opinion of Counsel that
the operation and management of any REO Property other than through an Independent Contractor shall not cause the REO Property
to fail to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code) (which opinion
shall be an expense of the Trust Fund and allocated in accordance with the allocation provisions of the Co-Lender Agreement;
provided that:

 

(i)           
the terms and conditions of any such contract shall be reasonable and customary for the area and type of property and shall not
be inconsistent herewith;

 

(ii)          
any such contract shall require, or shall be administered to require, that the Independent Contractor pay all costs and expenses
incurred in connection with the operation and management of the REO Property, including those listed above, and remit all related
revenues (net of such costs and expenses) to the Special Servicer as soon as practicable, but in no event later than 30 days following
the receipt thereof by such Independent Contractor;

 

(iii)         
none of the provisions of this Section 3.15(b) relating to any such contract or to actions taken through any such
Independent Contractor shall be deemed to relieve the Special Servicer of any of its duties and obligations to the Trust Fund,
the Trustee on behalf of the Certificateholders and the Companion Loan Holders, with respect to the operation and management of
any the REO Property; and

 

(iv)         the Special Servicer shall be obligated with respect thereto to the same extent as if it alone were performing all duties and
obligations in connection with the operation and management of the REO Property.

 

The
Special Servicer shall be entitled to enter into any agreement with any Independent Contractor performing services for it related
to its duties and obligations hereunder for indemnification of the Special Servicer by such Independent Contractor, and nothing
in this Agreement shall be deemed to limit or modify such indemnification.

 

(c)          
Promptly following any acquisition by the Special Servicer of an REO Property on behalf of the Trust Fund, the Special Servicer
shall notify the Master Servicer thereof, and, the Special Servicer shall obtain an Updated Appraisal thereof, but only in the
event that any

 

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Updated Appraisal with respect thereto is more than 9 months old and the Special Servicer has no actual knowledge
of any material adverse change in circumstances that, consistent with the Servicing Standard, would call into question the validity
of such Updated Appraisal, in order to determine the fair market value of the REO Property and shall notify the Depositor and
the Master Servicer and the Companion Loan Holders of the results of such Appraisal. Any such Appraisal shall be conducted in
accordance with Appraisal Institute standards and the cost thereof shall be advanced as a Property Advance. The Special Servicer
shall obtain a new Updated Appraisal or a letter update every 9 months thereafter until the REO Property is sold.

 

(d)          When and as necessary, the Special Servicer shall send to the Certificate Administrator a statement prepared by the Special Servicer
setting forth the amount of net income or net loss, as determined for federal income tax purposes, resulting from the operation
and management of a trade or business on, the furnishing or rendering of a non-customary service to the tenants of, or the receipt
of any other amount not constituting Rents from Real Property in respect of, any REO Property in accordance with Sections 3.15(a) and 3.15(b) of this Agreement.

 

Section 3.16    
Sale of a Specially Serviced Loan or the REO Property. (a)  The parties hereto may sell or purchase, or permit
the sale or purchase of, the Whole Loan only on the terms and subject to the conditions set forth in this Section 3.16 or as otherwise expressly provided in or contemplated by Section 2.03(e) and Section 9.01 of this
Agreement or in the Co-Lender Agreement.

 

(b)          If the Special Servicer determines in accordance with the Servicing Standard that it would be in the best interests of the Certificateholders
and the Companion Loan Holders (as a collective whole as if such Certificateholders and the Companion Loan Holders constituted
a single lender) to attempt to sell the Whole Loan if it is a Defaulted Mortgage Loan, the Special Servicer shall use efforts
consistent with the Servicing Standard to solicit offers for such Defaulted Mortgage Loan on behalf of the Certificateholders
and the Companion Loan Holders in such manner as will be reasonably likely to realize a fair price if it sells such Defaulted
Mortgage Loan. The Special Servicer shall accept the first (and, if multiple offers are received, the highest cash offer received
in the solicitation process within the time frame set for such process by the Special Servicer) cash offer received from any Person
that constitutes a fair price for such Defaulted Mortgage Loan, subject to any consent or consultation rights of the Directing
Holder during any Subordinate Control Period and any Subordinate Consultation Period.

 

The
Special Servicer shall give the Trustee, the Certificate Administrator, the Master Servicer, the Directing Holder (during any
Subordinate Control Period and any Subordinate Consultation Period), the Risk Retention Consultation Parties and the Companion
Loan Holders, not less than ten (10) Business Days’ (or five (5) Business Days’ notice in the case of the Directing
Holder) prior written notice of its intention to sell a Defaulted Mortgage Loan (and the Certificate Administrator shall promptly
forward such notice to the Certificateholders). Notwithstanding anything to the contrary herein, neither the Trustee, in its individual
capacity, nor any of its Affiliates may make an offer for or purchase any Defaulted Mortgage Loan pursuant to this Agreement.
The notice provided to each Companion Loan Holder pursuant to the second previous sentence shall include notice of the Companion
Loan Holder’s opportunity to bid on the Defaulted Mortgage Loan.

 

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(c)         
Whether any cash offer constitutes a fair price for such Defaulted Mortgage Loan, as the case may be, shall be determined by the
Special Servicer, if the highest offeror is a Person other than an Interested Person, and by the Trustee, if the highest offeror
is an Interested Person. In determining whether any offer received from an Interested Person represents a fair price for a Defaulted
Mortgage Loan, the Trustee shall be supplied with and shall rely on the most recent Appraisal or Updated Appraisal conducted in
accordance with this Agreement within the preceding 9-month period or in the absence of any such Appraisal, on a narrative appraisal
prepared by an Independent MAI appraiser selected by (i) the Special Servicer if the Special Servicer or an Affiliate of
the Special Servicer is not making an offer with respect to a Defaulted Mortgage Loan, (ii) by the Master Servicer if the
Special Servicer is making such an offer unless the Master Servicer and Special Servicer are Affiliates or (iii) the Trustee
if the Master Servicer and Special Servicer are Affiliates and the Special Servicer is making an offer. The cost of any such Updated
Appraisal or narrative appraisal shall be covered by, and shall be reimbursable as, a Property Advance. No offer from an Interested
Person shall constitute a fair price unless (i) if the offer is equal to or greater than the applicable Repurchase Price,
the offer is the highest offer received, or (ii) if the offer is less than the applicable Repurchase Price, (a) the
offer is the highest offer received and (b) at least two other offers are received from independent third parties. In addition,
the Trustee shall be permitted to retain, at the expense of the related Interested Person, an independent third party expert in
real estate or commercial mortgage loan matters with at least five years’ experience in valuing or investing in loans similar
to the Whole Loan that has been selected with reasonable care by the Trustee to determine such fair price and will be permitted
to conclusively rely on the opinion of such third party’s determination. Any costs and fees of the Trustee in connection
with an offer by an Interested Person and the Trustee’s duties therewith shall be paid in advance of such determination
by such Interested Person; provided that the Trustee shall not engage an independent third party expert whose fees exceed
a commercially reasonable amount, as determined by the Trustee.

 

In
determining whether any offer from a Person other than an Interested Person constitutes a fair price for a Defaulted Mortgage
Loan, the Special Servicer shall take into account (in addition to the results of any Appraisal, Updated Appraisal or narrative
appraisal that it may have obtained pursuant to this Agreement within the prior nine (9) months), and in determining whether any
offer from a Person other than an Interested Person constitutes a fair price for such Defaulted Mortgage Loan, any appraiser shall
be instructed to take into account, as applicable, among other factors, the period and amount of the Delinquency on such Defaulted
Mortgage Loan, the period and amount of the occupancy level and physical condition of the Mortgaged Property, the state of the
local economy in the area where the Mortgaged Property is located, the expected recovery from such Defaulted Mortgage Loan if
the Special Servicer were to pursue a workout strategy, and the time and expense associated with a purchaser’s foreclosing
on the Mortgaged Property. The Repurchase Price for a Defaulted Mortgage Loan shall in all cases be deemed a fair price.

 

In
addition, the Special Servicer shall refer to all other relevant information obtained by it or otherwise contained in the Mortgage
File; provided that the Special Servicer shall take account of any change in circumstances regarding the Mortgaged Property
known to the Special Servicer that has occurred subsequent to, and that would, in the Special Servicer’s reasonable judgment,
materially affect the value of the Mortgaged Property reflected in the most recent related Appraisal. Furthermore, the Special
Servicer may consider available objective third

 

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party information obtained from generally available sources, as well as information
obtained from vendors providing real estate services to the Special Servicer, concerning the market for distressed real estate
loans and the real estate market for the subject property type in the area where the Mortgaged Property is located. The Special
Servicer may, to the extent it is reasonable to do so in accordance with the Servicing Standard, conclusively rely on any opinions
or reports of qualified Independent experts in real estate or commercial mortgage loan matters with at least five years’
experience in valuing or investing in loans similar to the subject Specially Serviced Loan, selected with reasonable care by the
Special Servicer, in making such determination. All reasonable costs and expenses incurred by the Special Servicer pursuant to
this Section 3.16(c) shall constitute, and be reimbursable as, Property Advances. The other parties to this Agreement
shall cooperate with all reasonable requests for information made by the Special Servicer in order to allow the Special Servicer
to perform its duties pursuant to this Section 3.16(c).

 

(d)         
Subject to subsection (c) above, the Special Servicer shall act on behalf of the Trustee (for the benefit of the Certificateholders
and the Companion Loan Holders) in negotiating and taking any other action necessary or appropriate in connection with the sale
of a Defaulted Mortgage Loan, and the applicable collection of all amounts payable in connection therewith. In connection therewith,
the Special Servicer may charge for its own account prospective offerors, and may retain, fees that approximate the Special Servicer’s
actual costs in the preparation and delivery of information pertaining to such sales or exchanging offers without obligation to
deposit such amounts into the REO Account or the Collection Account. Any sale of a Defaulted Mortgage Loan shall be final and
without recourse to the Trustee or the Trust Fund (except such recourse to the Trust Fund imposed by those representations and
warranties typically given in such transactions, any prorations applied thereto and any customary closing matters), and if such
sale is consummated in accordance with the terms of this Agreement, none of the Special Servicer, the Master Servicer, the Depositor,
the Certificate Administrator or the Trustee shall have any liability to any Certificateholder or Companion Loan Holder with respect
to the purchase price therefor accepted by the Special Servicer or the Trustee.

 

(e)          
Any sale of a Defaulted Mortgage Loan shall be for cash only.

 

(f)          
[Reserved].

 

(g)          The parties hereto may sell or purchase, or permit the sale or purchase of, an REO Property only on the terms and subject to the
conditions set forth in this Section 3.16.

 

(h)          The Special Servicer shall use efforts consistent with the Servicing Standard to solicit offers for an REO Property on behalf
of the Certificateholders and the Companion Loan Holders in such manner as will be reasonably likely to realize a fair price within
the time period provided for by Section 3.15(a) of this Agreement. The Special Servicer shall accept the first (and,
if multiple offers are contemporaneously received, the highest) cash offer received from any Person that constitutes a fair price
for the REO Property. If the Special Servicer determines, in its good faith and reasonable judgment, that it will be unable to
realize a fair price for any REO Property within the time constraints imposed by Section 3.15(a) of this Agreement,
then the Special Servicer shall dispose of the REO Property upon such terms and conditions as the Special Servicer shall deem
necessary and desirable to maximize the recovery thereon under the circumstances and, in connection therewith, shall accept the
highest outstanding cash offer, regardless of from whom received.

 

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The
Special Servicer shall give the Trustee, the Certificate Administrator and the Master Servicer, not less than ten Business Days’
prior written notice of its intention to sell an REO Property, and notwithstanding anything to the contrary herein, neither the
Trustee, in its individual capacity, nor any of its Affiliates may make an offer for or purchase any REO Property pursuant to
this Agreement.

 

(i)           
Whether any cash offer constitutes a fair price for an REO Property, as the case may be, shall be determined by the Special Servicer,
if the highest offeror is a Person other than an Interested Person, and by the Trustee, if the highest offeror is an Interested
Person; provided, however, that no offer from an Interested Person shall constitute a fair price unless it
is the highest offer received. In determining whether any offer received from an Interested Person represents a fair price for
an REO Property, the Trustee shall be supplied with and shall rely on the most recent appraisal or Updated Appraisal conducted
in accordance with this Agreement within the preceding 9-month period or in the absence of any such appraisal, on a narrative
appraisal prepared by an Independent MAI Appraiser selected by the Special Servicer if the Special Servicer or an Affiliate of
the Special Servicer is not making an offer with respect to the REO Property (or by the Trustee if the Special Servicer is making
such an offer). The cost of any such Updated Appraisal or narrative appraisal and any related costs and fees of the Trustee shall
be covered by, and shall be reimbursable as, a Property Advance. The Trustee shall be permitted to retain, at the expense of the
related Interested Person, an independent third party to determine such fair price and shall be permitted to conclusively rely
on the opinion of such third party’s determination. In determining whether any offer from a Person other than an Interested
Person constitutes a fair price for an REO Property, the Special Servicer shall take into account (in addition to the results
of any appraisal, updated appraisal or narrative appraisal that it may have obtained pursuant to this Agreement within the prior
9 months), and in determining whether any offer from an Interested Person constitutes a fair price for the REO Property, any appraiser
shall be instructed to take into account, as applicable, among other factors, the period and amount of the occupancy level and
physical condition of the Mortgaged Property or REO Property, the state of the local economy and the obligation to dispose of
the REO Property within the time period specified in Section 3.15(a) of this Agreement. The Repurchase Price for an
REO Property shall in all cases be deemed a fair price.

 

(j)           
Subject to subsections (h) and (i) above, the Special Servicer shall act on behalf of the Trustee (for
the benefit of the Certificateholders and the Companion Loan Holders) in negotiating and taking any other action necessary or
appropriate in connection with the sale of an REO Property, and the applicable collection of all amounts payable in connection
therewith. In connection therewith, the Special Servicer may charge for its own account prospective offerors, and may retain,
fees that approximate the Special Servicer’s actual costs in the preparation and delivery of information pertaining to such
sales or exchanging offers without obligation to deposit such amounts into the Collection Account. Any sale of an REO Property
shall be final and without recourse to the Trustee or the Trust Fund (except such recourse to the Trust Fund imposed by those
representations and warranties typically given in such transactions, any prorations applied thereto and any customary closing
matters), and if such sale is consummated in accordance with the terms of this Agreement, none of the Special Servicer, the Master
Servicer, the Depositor or the Trustee shall have any liability to any Certificateholder or Companion Loan Holder with respect
to the purchase price therefor accepted by the Special Servicer or the Trustee.

 

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(k)           Any sale of an REO Property shall be for cash only.

 

(l)          
Notwithstanding any of the foregoing paragraphs of this Section 3.16, the Special Servicer shall not be required to
accept the highest cash offer if the Special Servicer determines, in its reasonable and good faith judgment, that rejection of
such offer would be in the best interests of the Certificateholders and the Companion Loan Holders, as a collective whole as if
such Certificateholders and the Companion Loan Holders constituted a single lender, and the Special Servicer may accept a lower
cash offer (from any Person other than itself or an Affiliate) if it determines, in its reasonable and good faith judgment, that
acceptance of such offer would be in the best interests of the Certificateholders and the Companion Loan Holders (as a collective
whole as if such Certificateholders and the Companion Loan Holders constituted a single lender) (for example, if the prospective
buyer making the lower offer is more likely to perform its obligations or the terms offered by the prospective buyer making the
lower offer are more favorable).

 

(m)         The Special Servicer shall have the obligation to sell the Defaulted Mortgage Loan (including the Companion Loans) pursuant to
the terms of the Co-Lender Agreement as if the Trust Loan and the Companion Loans were one whole loan on behalf of the Certificateholders
and the Companion Loan Holders. The Special Servicer shall provide notice to the applicable Other Special Servicer (if any) and,
to the extent it has received prior written notice, the controlling class representative of the related Other Securitization Trust
as soon as practicable following its decision to attempt to sell, and prior to the commencement of marketing of, the Companion
Loans.

 

Section 3.17    
Additional Obligations of the Master Servicer and the Special Servicer; Inspections. (a)  The Master Servicer
(at its own expense) (or, with respect to a Specially Serviced Loan or REO Property, the Special Servicer) shall inspect or cause
to be inspected the Mortgaged Property at such times and in such manner as is consistent with the Servicing Standard, but in any
event shall inspect the Mortgaged Property at least once every 12 months commencing in 2021 (or at such decreased frequency as
each Rating Agency shall have provided a No Downgrade Confirmation relating to the Certificates and Companion Loan Securities);
provided that if the Whole Loan becomes a Specially Serviced Loan, the Special Servicer shall inspect or cause to be inspected
the Mortgaged Property as soon as practicable after the Whole Loan becomes a Specially Serviced Loan and annually thereafter for
so long as the Whole Loan remains a Specially Serviced Loan; provided, further, that the Master Servicer will not
be required to inspect the Mortgaged Property that has been inspected in the previous 12 months. The cost of each such inspection
performed in accordance with the Servicing Standard by the Special Servicer shall be paid by the Master Servicer as a Property
Advance; provided, however, that if such Advance would be a Nonrecoverable Advance, then the cost of such inspections
shall be an expense of the Trust payable from the Collection Account, which expense shall first be reimbursed to the Trust as
an Additional Trust Fund Expense; provided, further, that in the case of any deficiency of amounts on deposit in
the Collection Account, the Master Servicer shall, after receiving payment or making payments from amounts on deposit in the Collection
Account, if any (i) promptly notify the Companion Loan Holders and (ii) use efforts consistent with the Servicing Standard
to exercise on behalf of the Trust the rights of the Trust under the Co-Lender Agreement to obtain reimbursement for a pro
rata portion of such amount allocable to each Companion Loan from the related Companion Loan Holder. The Master Servicer or
the Special Servicer, as applicable, shall prepare

 

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a written report of the inspection describing, among other things, the condition
of and any damage to the Mortgaged Property and specifying the existence of any material vacancies in the Mortgaged Property,
any sale, transfer or abandonment of the Mortgaged Property of which it has actual knowledge, any material adverse change in the
condition of the Mortgaged Property, or any visible material waste committed on the Mortgaged Property. Upon the request of any
Rating Agency, the Master Servicer or Special Servicer, as applicable, shall send such reports to the 17g-5 Information Provider
(which shall promptly post such reports to the 17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement) and, upon request, to the Initial Purchasers within 20 days of completion, each inspection report.

 

(b)          The Master Servicer (with respect to the Whole Loan if it is a Performing Loan) or the Special Servicer (with respect to the Whole
Loan if it is a Specially Serviced Loan), as applicable, shall exercise the Trustee’s rights, in accordance with the Servicing
Standard, with respect to any Manager under the related Loan Documents and Management Agreement, if any.

 

(c)          
If the Master Servicer has accepted a voluntary Principal Prepayment with respect to the Whole Loan (other than a Specially Serviced
Loan or a previously Specially Serviced Loan with respect to which the Special Servicer has waived or amended the prepayment restrictions)
(except (A) in accordance with the terms of the Loan Documents, (B) in connection with the payment of Insurance Proceeds
or Condemnation Proceeds, (C) subsequent to a default under the Loan Documents (provided that the Master Servicer
reasonably believes that acceptance of such prepayment is consistent with the Servicing Standard), (D) pursuant to applicable
law or a court order, or (E) at the request of or with the consent of the Special Servicer), resulting in a Prepayment Interest
Shortfall) then the Master Servicer shall deliver to the Certificate Administrator on each Servicer Remittance Date for deposit
in the Lower-Tier Distribution Account (or with respect to each Companion Loan, remit to the holder of the related Companion Loan
a pro rata portion of the following amount), without any right of reimbursement therefor, a cash payment (a “Master
Servicer Prepayment Interest Shortfall Amount”), in an amount equal to the lesser of (x) the aggregate amount of
Prepayment Interest Shortfalls incurred in connection with such voluntary Principal Prepayments received in respect of the Whole
Loan (if it is a Performing Loan) during the related Collection Period, and (y) the sum of (A) the aggregate of that
portion of its Master Servicing Fees that is being paid in such Collection Period (calculated for this purpose at 0.125 basis
points (0.00125%) per annum) with respect to the Whole Loan if it is a Performing Loan and (B) any Prepayment Interest
Excess received with respect to the related Collection Period. The Master Servicer’s obligations to pay any Master Servicer
Prepayment Interest Shortfall Amount, and the rights of the Certificateholders to offset of the aggregate Prepayment Interest
Shortfalls against those amounts, shall not be cumulative.

 

(d)          The Master Servicer shall, if the Whole Loan is secured by the interest of the Borrower under a ground lease, promptly (and in
any event within 60 days) after the Closing Date deliver notice to the related ground lessor of the transfer of the Whole
Loan to the Trust pursuant to this Agreement and inform such ground lessor that any notices of default under the related ground
lease should thereafter be forwarded to the Master Servicer; provided that the Trust Loan Sellers shall cooperate with
the Master Servicer with respect to such notices, including, without limitation, providing the form of notice to be delivered
to such ground lessors.

 

(e)          
The Master Servicer shall, to the extent consistent with the Servicing Standard and permitted by the Loan Documents, not apply
any funds with respect to the Whole

 

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Loan (whether arising in the form of a holdback, earnout reserve, cash trap or other similar
feature) to the prepayment of the Whole Loan prior to an event of default or reasonably foreseeable event of default with respect
to the Whole Loan. Prior to an event of default or reasonably foreseeable event of default any such amounts described in the immediately
preceding sentence shall be held by the Master Servicer as additional collateral for the Whole Loan.

 

Section 3.18    
Authenticating Agent. The Certificate Administrator may appoint an Authenticating Agent to execute and to authenticate
Certificates. The Authenticating Agent must be acceptable to the Depositor and must be a corporation organized and doing business
under the laws of the United States of America or any state, having a principal office and place of business in a state and city
acceptable to the Depositor, having a combined capital and surplus of at least $15,000,000, authorized under such laws to do a
trust business and subject to supervision or examination by federal or state authorities. The Certificate Administrator shall
serve as the initial Authenticating Agent.

 

Any
corporation into which the Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which the Authenticating Agent shall be party, or any corporation succeeding
to the corporate agency business of the Authenticating Agent, shall be the Authenticating Agent without the execution or filing
of any paper or any further act on the part of the Certificate Administrator or the Authenticating Agent.

 

The
Authenticating Agent may at any time resign by giving at least 30 days’ advance written notice of resignation to the Certificate
Administrator, the Trustee, the Depositor and the Master Servicer. The Certificate Administrator may at any time terminate the
agency of the Authenticating Agent by giving written notice of termination to the Authenticating Agent, the Depositor and the
Master Servicer. Upon receiving a notice of resignation or upon such a termination, or in case at any time the Authenticating
Agent shall cease to be eligible in accordance with the provisions of this Section 3.18, the Certificate Administrator
may appoint a successor Authenticating Agent, which shall be acceptable to the Depositor, and shall mail notice of such appointment
to all Certificateholders. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested
with all the rights, powers, duties and responsibilities of its predecessor hereunder, with like effect as if originally named
as Authenticating Agent herein. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this
Section 3.18.

 

The
Authenticating Agent shall have no responsibility or liability for any action taken by it as such at the direction of the Certificate
Administrator. Any compensation paid to the Authenticating Agent shall be an unreimbursable expense of the Certificate Administrator,
as applicable.

 

Section 3.19    
Appointment of Custodians. Wells Fargo Bank, National Association is hereby appointed as the initial Custodian. The Certificate
Administrator may, at its own expense and with the consent of the Master Servicer, appoint one or more additional Custodians to
hold all or a portion of the Mortgage Files on behalf of the Trustee and otherwise perform the duties set forth in Article II,
by entering into a Custodial Agreement with any Custodian who is not the Depositor; provided that if the additional Custodian
is an Affiliate of the Certificate Administrator such consent of the Master Servicer need not be obtained and the

 

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Certificate
Administrator shall instead notify the Master Servicer of such appointment. The Certificate Administrator agrees to comply with
the terms of each Custodial Agreement and to enforce the terms and provisions thereof against the Custodian for the benefit of
the Certificateholders and the Companion Loan Holders. The Certificate Administrator shall not be liable for any act or omission
of the Custodian under the Custodial Agreement, nor will the Certificate Administrator have any obligation to oversee the activities
of a non-Affiliate Custodian. Each Custodian shall be a depository institution subject to supervision by federal or state authority,
shall have a combined capital and surplus (or shall have its performance guaranteed by an Affiliate with a combined capital and
surplus) of at least $10,000,000, shall have a long-term debt rating of at least “A” from S&P and the equivalent
rating by KBRA. Each Custodian shall be subject to the same obligations and standard of care as would be imposed on the Certificate
Administrator hereunder in connection with the retention of the Mortgage File directly by the Certificate Administrator. The appointment
of one or more Custodians shall not relieve the Certificate Administrator from any of its duties, liabilities or obligations hereunder.
If the Custodian is an entity other than the Certificate Administrator, the Custodian shall maintain a fidelity bond in the form
and amount that are customary for securitizations similar to the securitization evidenced by this Agreement. The Custodian shall
be deemed to have complied with this provision if one of its Affiliates has such fidelity bond coverage and, by the terms of such
fidelity bond, the coverage afforded thereunder extends to the Custodian. In addition, the Custodian shall keep in force during
the term of this Agreement a policy or policies of insurance covering loss occasioned by the errors and omissions of its officers
and employees in connection with its obligations hereunder in the form and amount that are customary for securitizations similar
to the securitization evidenced by this Agreement. All fidelity bonds and policies of errors and omissions insurance obtained
under this Section 3.19 shall be issued by a Qualified Insurer. For the avoidance of doubt, the Certificate Administrator
shall bear no responsibility for any acts or omissions on the part of the Custodian.

 

Section 3.20    
Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts and Reserve Accounts. The Master Servicer shall administer
each Lock-Box Account, Cash Collateral Account, Escrow Account and Reserve Account in accordance with the Mortgage or Loan Agreement,
Cash Collateral Account Agreement or Lock-Box Agreement, if any relating to the Whole Loan it is servicing.

 

Section 3.21    
Property Advances. (a)  The Master Servicer (or, to the extent provided in Section 3.21(c) of this
Agreement, the Trustee) to the extent specifically provided for in this Agreement, shall make any Property Advances as and to
the extent otherwise required pursuant to the terms hereof with respect to the Whole Loan. For purposes of distributions to Certificateholders
and compensation to the Master Servicer, the Special Servicer or the Trustee, Property Advances shall not be considered to increase
the Stated Principal Balance of the Whole Loan, notwithstanding that the terms of the Whole Loan so provide.

 

(b)          Notwithstanding anything in this Agreement to the contrary, the Special Servicer shall give the Master Servicer not less than
five Business Days’ written notice with respect to any Property Advance to be made on a Specially Serviced Loan, before
the date on which the Master Servicer is required to make such Property Advance with respect to a Specially Serviced Loan or an
REO Loan; provided, however, that the Special Servicer shall be required to provide the Master Servicer with only
two Business Days’ written notice in respect of Property Advances required to be made on an urgent or emergency basis (which
may include, without limitation,

 

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Property Advances required to make tax or insurance payments). If the Master Servicer or the
Trustee makes a Property Advance with respect to the Whole Loan, then it shall provide written notice to the related Other Servicer,
Other Special Servicer and Other Trustee of the amount of such Property Advance with respect to the Whole Loan within two (2)
Business Days of making such Property Advance. The Special Servicer shall have no obligation to make any Property Advance.

 

(c)          The Master Servicer shall notify the Trustee and the Certificate Administrator in writing promptly upon, and in any event within
one Business Day after, becoming aware that it will be unable to make any Property Advance required to be made pursuant to the
terms hereof, and in connection therewith, shall set forth in such notice the amount of such Property Advance, the Person to whom
it is to be paid, and the circumstances and purpose of such Property Advance, and shall set forth therein information and instructions
for the payment of such Property Advance, and, on the date specified in such notice for the payment of such Property Advance,
or, if the date for payment has passed or if no such date is specified, then within five Business Days following such notice,
the Trustee, subject to the provisions of Section 3.21(d) of this Agreement, shall pay the amount of such Property
Advance in accordance with such information and instructions.

 

(d)          The Special Servicer shall promptly furnish any party required to make Property Advances hereunder with any information in its
possession regarding a Specially Serviced Loan or an REO Property as such party required to make Property Advances may reasonably
request for purposes of making nonrecoverability determinations. Notwithstanding anything to the contrary in this Agreement, the
Special Servicer shall have no obligation to make an affirmative determination that any Advance is, or would be, a Nonrecoverable
Advance, and in the absence of a determination by the Special Servicer that such an Advance is a Nonrecoverable Advance, then
all such decisions shall remain with the Master Servicer or the Trustee, as applicable.

 

Notwithstanding
anything herein to the contrary, no Property Advance shall be required hereunder if the Person otherwise required to make such
Property Advance determines that such Property Advance would, if made, constitute a Nonrecoverable Property Advance. In addition,
the Master Servicer shall not make any Property Advance to the extent that it determines or has received written notice that the
Special Servicer has determined that such Property Advance would, if made, constitute a Nonrecoverable Property Advance. In making
such recoverability determination, such Person will be entitled to (i) give due regard to the existence of any Nonrecoverable
Advance with respect to the Whole Loan, the recovery of which, at the time of such consideration, is being deferred or delayed
by the Master Servicer or the Trustee, as applicable, in light of the fact that proceeds on the Whole Loan are a source of recovery
not only for the Property Advance, Administrative Advance or P&I Advance under consideration, but also as a potential source
of recovery of such Nonrecoverable Advance which is being or may be deferred or delayed and (ii) consider (among other things)
the obligations of the Borrower under the terms of the Whole Loan as it may have been modified, (iii) consider (among other
things) the Mortgaged Property in its “as-is” or then-current condition and occupancy, as modified by such party’s
assumptions (consistent with the Servicing Standard in the case of the Master Servicer or the Special Servicer) regarding the
possibility and effects of future adverse changes with respect to the Mortgaged Property, (iv) estimate and consider (consistent
with the Servicing Standard in

 

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the case of the Master Servicer or the Special Servicer) (among other things) future expenses and
(v) estimate and consider (among other things) the timing of recoveries.

 

If
an Appraisal of the Mortgaged Property shall not have been obtained within the prior 9 month period (and the Master Servicer and
the Trustee shall each request any such appraisal from the Special Servicer prior to ordering an Appraisal pursuant to this sentence)
or if such an Appraisal shall have been obtained but as a result of unforeseen occurrences, such Appraisal does not, in the good
faith determination of the Master Servicer, the Special Servicer or the Trustee, reflect current market conditions, and the Master
Servicer or the Trustee, as applicable, and the Special Servicer cannot agree on the appropriate downward adjustment to such Appraisal,
the Master Servicer, the Special Servicer or the Trustee, as the case may be, may, subject to its reasonable and good faith determination
that such Appraisal will demonstrate the nonrecoverability of the related Advance, obtain an Appraisal for such purpose at the
expense of the Trust Fund (and such expense shall be allocated in accordance with the allocation provision of the Co-Lender
Agreement).

 

Any
determination by the Master Servicer, Special Servicer or the Trustee that the Master Servicer or Trustee, as the case may be,
has made a Property Advance that is a Nonrecoverable Property Advance or any determination by the Master Servicer, the Special
Servicer or the Trustee that any proposed Property Advance, if made, would constitute a Nonrecoverable Property Advance shall
be evidenced, in the case of the Master Servicer or the Special Servicer, by a certificate of a Servicing Officer delivered to
the other, to the Trustee, the Certificate Administrator, the Depositor, the Companion Loan Holders and the Directing Holder (during
any Subordinate Control Period and any Subordinate Consultation Period), and, in the case of the Trustee, by a certificate of
a Responsible Officer of the Trustee, delivered to the Depositor, the Certificate Administrator, the Master Servicer, the Special
Servicer, the Companion Loan Holders and the Directing Holder (during any Subordinate Control Period and any Subordinate Consultation
Period), which in each case sets forth such recoverability determination and the considerations of the Master Servicer, the Special
Servicer or the Trustee, as applicable, forming the basis of such determination (such certificate to be accompanied by, to the
extent available, income and expense statements, rent rolls, occupancy status, property inspections and other information used
by the Master Servicer, the Special Servicer or the Trustee, as applicable, to make such determination, together with any existing
Appraisal or any Updated Appraisal); provided, however, that the Special Servicer may, at its option, make a determination
in accordance with the Servicing Standard, that any Property Advance previously made or proposed to be made is nonrecoverable
and shall deliver to the Master Servicer, the Certificate Administrator, the Trustee, the Directing Holder (during any Subordinate
Control Period and any Subordinate Consultation Period), the Companion Loan Holders and the 17g-5 Information Provider (which
shall promptly post such notice to the 17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this
Agreement), notice of such determination together with a certificate of a Servicing Officer and supporting information described
above, if applicable. Any such determination shall be conclusive and binding on the Master Servicer, the Special Servicer and
the Trustee. Notwithstanding the foregoing, the Special Servicer shall have no obligation to make an affirmative determination
that any Advance is, or would be, a Nonrecoverable Advance, and in the absence of a determination by the Special Servicer that
such an Advance is a Nonrecoverable Advance, then all such decisions shall remain with the Master Servicer.

 

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Any
such Person may update or change its recoverability determinations at any time (but not reverse any other Person’s determination
that a Property Advance is a Nonrecoverable Advance) and (consistent with the Servicing Standard in the case of the Master Servicer
or the Special Servicer) may obtain, at the expense of the Trust (and such expense shall be allocated in accordance with the allocation
provisions of the Co-Lender Agreement), any analysis, Appraisals or market value estimates or other information for such purposes.
Absent bad faith, any such determination as to the recoverability of any Property Advance shall be conclusive and binding on the
Certificateholders and the Companion Loan Holders.

 

Notwithstanding
the above, the Trustee shall be entitled to rely conclusively on any determination by the Master Servicer and the Master Servicer
and the Trustee shall be bound by any determination of the Special Servicer that a Property Advance, if made, would be a Nonrecoverable
Property Advance. The Trustee, in determining whether or not a Property Advance previously made is, or a proposed Property Advance,
if made, would be, a Nonrecoverable Property Advance shall be subject to the standards applicable to the Master Servicer hereunder.

 

With
respect to the payment of insurance premiums and delinquent tax assessments, in the event that the Master Servicer determines
that a Property Advance of such amounts would constitute a Nonrecoverable Advance, the Master Servicer shall deliver notice of
such determination to the Trustee, the Certificate Administrator and the Special Servicer. Upon receipt of such notice, the Master
Servicer (with respect to the Whole Loan if it is a Performing Loan) and the Special Servicer (with respect to the Whole Loan
if it is a Specially Serviced Loan or an REO Property) shall determine (with the reasonable assistance of the Master Servicer)
whether the payment of such amount (i) is necessary to preserve the Mortgaged Property and (ii) would be in the best
interests of the Certificateholders and the Companion Loan Holders, as a collective whole as if such Certificateholders and the
Companion Loan Holders constituted a single lender. If the Master Servicer or the Special Servicer determines that the payment
of such amount (i) is necessary to preserve the Mortgaged Property and (ii) would be in the best interests of the Certificateholders
and the Companion Loan Holders, as a collective whole as if such Certificateholders and the Companion Loan Holders constituted
a single lender, the Master Servicer shall make such payment from the Collection Account to the extent of Aggregate Available
Funds or, in the case of a determination by the Special Servicer, the Special Servicer shall direct the Master Servicer in writing
to make such payment and, in either case, the Master Servicer shall make such payment, to the extent of Aggregate Available Funds,
from amounts in the Collection Account.

 

Notwithstanding
anything to the contrary contained in this Section 3.21, the Master Servicer may elect (but shall not be required) to
make a payment out of the Collection Account to pay for certain expenses specified in this sentence notwithstanding that the Master
Servicer has determined that a Property Advance with respect to such expenditure would be a Nonrecoverable Property Advance (unless,
with respect to the Whole Loan if it is a Specially Serviced Loan or an REO Loan, the Special Servicer has notified the Master
Servicer to not make such expenditure), where making such expenditure would prevent (i) the Mortgaged Property from being
uninsured or being sold at a tax sale or (ii) any event that would cause a loss of the priority of the lien of the related
Mortgage, or the loss of any security for the Whole Loan; provided that in each instance, the Master Servicer determines
in accordance with the Servicing Standard (as evidenced by a

 

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certificate of a Servicing Officer delivered to the Trustee and the
Certificate Administrator) that making such expenditure is in the best interests of the Certificateholders and the Companion Loan
Holders, all as a collective whole as if such Certificateholders and the Companion Loan Holders constituted a single lender. The
Master Servicer may elect to obtain reimbursement of Nonrecoverable Property Advances from the Trust Fund in accordance with Section 3.06 of this Agreement.

 

(e)          
The Master Servicer and/or the Trustee, as applicable, shall be entitled to the reimbursement of Property Advances made by it
to the extent permitted pursuant to Section 3.06 of this Agreement, if applicable, of this Agreement, together with
any related Advance Interest Amount in respect of such Property Advances, and the Master Servicer, the Special Servicer and the
Trustee each hereby covenants and agrees to promptly seek and effect the reimbursement of such Property Advances from the Borrower
to the extent permitted by applicable law and the related Loan Documents.

 

(f)          
If the Master Servicer, the Special Servicer or the Trustee, as applicable, determines that a proposed Property Advance, if made,
or any outstanding Property Advance with respect to any such Whole Loan previously made, would be, or is, as applicable, a Nonrecoverable
Advance or if the Master Servicer, Special Servicer or Trustee, as applicable, subsequently determines that a proposed Property
Advance would be a Nonrecoverable Advance or an outstanding Property Advance is or would be a Nonrecoverable Advance, the Master
Servicer or Trustee, as applicable, shall provide the Other Servicer, Other Special Servicer and the Other Trustee under each
related Other Pooling and Servicing Agreement with written notice of such determination, together with supporting evidence for
such determination, promptly and in any event within two (2) Business Days after such determination or such longer time period
permitted by the Co-Lender Agreement.

 

Section 3.22    
Appointment of Special Servicer. (a)  CWCapital Asset Management LLC, is hereby appointed as the initial Special
Servicer. During any Subordinate Control Period, the Directing Holder shall have the right to direct the Trustee to terminate
the Special Servicer as provided in Section 7.01(d) hereof.

 

(b)          At any time other than a Subordinate Control Period, the Special Servicer may be removed, and a successor Special Servicer appointed,
at any time, upon (a) the written direction of holders of not less than 25% of the aggregate Voting Rights allocable to the
Principal Balance Certificates requesting a vote to replace the Special Servicer with a new special servicer designated in such
written direction, (b) payment by such holders to the Certificate Administrator of the reasonable fees and expenses (including
any legal fees and any Rating Agency fees and expenses) to be incurred by the Certificate Administrator in connection with administering
such vote and (c) delivery by such holders to the Certificate Administrator of a No Downgrade Confirmation (which No Downgrade
Confirmations shall be obtained at the expense of those Holders requesting a vote), the Certificate Administrator shall promptly
provide written notice to all Certificateholders of such request by posting such notice on its internet website, and by mail,
and conduct the solicitation of votes of all Voting Rights in such regard. At any time other than during a Subordinate Control
Period, upon the written direction of (i) Holders of Principal Balance Certificates evidencing at least 75% of a Certificateholder
Quorum or (ii) Holders of Principal Balance Certificates evidencing more than 50% of the Voting Rights allocable to each
Class of Non-Reduced Certificates, to remove the Special Servicer, the Trustee shall (x) terminate all of

 

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the rights and
obligations of the Special Servicer under this Agreement and appoint the successor Special Servicer designated by such Holders,
provided that such termination is subject to the terminated Special Servicer’s rights to indemnification, payment
of outstanding fees and other compensation, reimbursement of advances and other rights set forth in this Agreement which survive
termination and (y) promptly notify such outgoing Special Servicer of the effective date of such termination; provided that if such written direction is not provided within 180 days of the notice from the Certificate Administrator of the request
for a vote to terminate and replace the Special Servicer, then such written direction shall have no force and effect. The provisions
set forth in the foregoing sentences of this paragraph shall be binding upon and inure to the benefit of solely the Certificateholders
and the Trustee as between each other. The Special Servicer shall not have any cause of action based upon or arising from any
breach or alleged breach of such provisions other than as may arise as a result of the failure to comply with the above described
voting procedures. As between the Special Servicer, on the one hand, and the Certificateholders, on the other, the Certificateholders
shall be entitled in their sole discretion to vote for the termination or not vote for the termination of the Special Servicer.
The Holders of the Certificates and that initiated the vote to replace the Special Servicer shall pay the costs and expenses incurred
in connection with the removal and replacement of the Special Servicer pursuant to this paragraph (including the costs associated
with administering such vote). The Certificate Administrator shall include on each Distribution Date Statement a statement that
each Certificateholder and Beneficial Owner may access notices on the Certificate Administrator’s Website and each Certificateholder
and Beneficial Owner may register to receive email notifications when such notices are posted on the Certificate Administrator’s
Website; provided that the Certificate Administrator shall be entitled to reimbursement from the requesting Certificateholders
or Beneficial Owner for the reasonable expenses of posting such notices.

 

(c)          The Trustee shall, promptly after receiving any removal notice pursuant to Section 3.22(b) of this Agreement or direction
to terminate pursuant to Section 3.22(a) of this Agreement, so notify the Certificate Administrator, the Companion
Loan Holders and the 17g-5 Information Provider (which shall promptly post such notice to the 17g-5 Information Provider’s
Website pursuant to Section 3.14(d) of this Agreement). The termination of the Special Servicer and appointment of
a successor Special Servicer pursuant to this Section 3.22 shall not be effective until (i) the delivery of a
No Downgrade Confirmation from each Rating Agency to the Trustee and a No Downgrade Confirmation with respect to the applicable
Companion Loans, (ii) the successor special servicer has assumed all of its responsibilities, duties and liabilities of the
Special Servicer hereunder pursuant to a writing reasonably satisfactory to the Trustee, (iii) receipt by the Trustee of
an Opinion of Counsel to the effect that (x) the designation of such replacement to serve as Special Servicer is in compliance
with this Agreement, (y) such replacement will be bound by the terms of this Agreement and (z) this Agreement will be
enforceable against such replacement in accordance with its terms and (iv) the replacement Special Servicer certifies that
such replacement special servicer satisfies all related qualifications set forth in the Co-Lender Agreement. Any successor
Special Servicer shall make the representations and warranties provided for in Section 2.04(e) of this Agreement applicable
to the Special Servicer mutatis mutandis. Further, such successor shall be a Person that satisfies all of the eligibility
requirements applicable to special servicers contained in this Agreement; provided that the licensing requirements
set forth in Section 2.04(e) may, with respect to any successor Special Servicer, be satisfied by a sub-servicer appointed
by such successor Special Servicer in accordance with the terms of this Agreement.

 

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The
existing Special Servicer shall be deemed to have been removed simultaneously with such designated Person’s becoming the
Special Servicer hereunder; provided, however, that the Special Servicer removed pursuant to this Section shall
be entitled to receive, and shall have received, all amounts accrued or owing to it under this Agreement on or prior to the effective
date of such resignation and it shall continue to be entitled to any rights that accrued prior to the date of such resignation
(including the right to receive all fees, expenses and other amounts accrued or owing to it under this Agreement, plus the right
to receive any Workout Fee and/or Liquidation Fee specified in Section 3.12(c) of this Agreement in the event that
the Special Servicer is terminated and any indemnification rights that the Special Servicer is entitled to pursuant to Section 6.03(a) of this Agreement) notwithstanding any such removal. Such removed Special Servicer shall cooperate with the Trustee and the
replacement Special Servicer in effecting the termination of the resigning Special Servicer’s responsibilities and rights
hereunder, including without limitation the transfer within two (2) Business Days to the successor Special Servicer for administration
by it of all cash amounts that are thereafter received with respect to the Whole Loan.

 

(d)          The appointment of any such successor Special Servicer shall not relieve the Master Servicer or the Trustee of their respective
obligations to make Advances as set forth herein; provided, however, that neither the Trustee nor the Master Servicer
shall be liable for any actions or any inaction of such successor Special Servicer.

 

(e)          
No penalty or fee shall be payable to the terminated Special Servicer with respect to any termination pursuant to this Section 3.22.
All costs and expenses of any such termination made without cause shall be paid by the Trust as an Additional Trust Fund Expense.

 

(f)          
Notwithstanding anything to the contrary contained in this Section 3.22, if the Special Servicer becomes a Borrower
Related Party, the Special Servicer shall resign as Special Servicer. In the event that the Special Servicer is required to resign
as Special Servicer because it has become a Borrower Related Party, during any Subordinate Control Period or Subordinate Consultation
Period, (i) if a Directing Holder has been appointed, the Directing Holder shall appoint a successor special servicer that
is not a Borrower Related Party in accordance with this Agreement unless the Directing Holder is a Borrower Related Party, and
(ii) if the Directing Holder is a Borrower Related Party or no Directing Holder has been appointed, then the largest Controlling
Class Certificateholder (by Certificate Balance) that is not a Borrower Related Party shall be entitled to appoint a successor
special servicer that is not a Borrower Related Party or (iii) if (a) the Directing Holder is a Borrower Related Party
or no Directing Holder has been appointed and (b) there is no Controlling Class Certificateholder that is not a Borrower
Related Party, then a successor special servicer shall be appointed as described in the next paragraph. None of the Master Servicer,
the Depositor, the Trustee or the Certificate Administrator shall have any obligation to determine if the Special Servicer is
or has become a Borrower Related Party.

 

(g)         
In the event that the Special Servicer is required to resign as Special Servicer because it has become a Borrower Related Party
and either (i) a Subordinate Control Period or a Subordinate Consultation Period is in effect and (a) the Directing
Holder is a Borrower Related Party or no Directing Holder has been appointed and (b) there is no Controlling Class Certificateholder
that is not a Borrower Related Party or (ii) neither a Subordinate Control Period nor a Subordinate Consultation Period is
in effect, then upon resignation of the Special Servicer, at the expense of the Trust, the Certificate Administrator shall promptly
provide written notice of such resignation to all Certificateholders by posting such notice on the Certificate Administrator’s

 

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website and the successor special servicer shall be appointed upon the written direction of more than 50% of the Voting Rights
of the Certificates that exercise their right to vote (provided that holders of at least 20% of the Voting Rights of the
Certificates exercise their right to vote). If such successor special servicer has not been appointed pursuant to the immediately
preceding sentence within 30 days after the Special Servicer has provided its written notice of resignation, the Certificate Administrator
shall provide written notice to the resigning Special Servicer that such successor special servicer has not been appointed and
such resigning Special Servicer shall use reasonable efforts to appoint such successor special servicer that is a Qualified Servicer
and the agreement of a proposed successor to accept the same or lower compensation, and at the expense of the Trust, if such successor
special servicer has not been appointed within 30 days after such notice by the Certificate Administrator to the resigning Special
Servicer, the resigning Special Servicer shall petition any court of competent jurisdiction for the appointment of a successor
special servicer.

 

(h)          The successor special servicer shall perform all of the obligations of the Special Servicer and will be entitled to all special
servicing compensation earned during such time as the successor special servicer is acting as special servicer.

 

Section 3.23       
Transfer of Servicing Between the Master Servicer and the Special Servicer; Record Keeping; Asset Status Report; Notice of
Mezzanine Foreclosure. (a)  Upon the occurrence of any event specified in the definition of Specially Serviced Loan
with respect to the Whole Loan of which the Master Servicer has notice, the Master Servicer shall promptly give notice thereof
to the Special Servicer, the Certificate Administrator, the Trustee, the Companion Loan Holders and the Trust Loan Sellers, and
shall use efforts in accordance with the Servicing Standard to provide the Special Servicer with all information, documents (but
excluding the original documents constituting the Mortgage File) and records (including records stored electronically) relating
to the Whole Loan and reasonably requested by the Special Servicer to enable it to assume its duties hereunder with respect thereto
without acting through a Sub-Servicer. The Master Servicer shall use efforts in accordance with the Servicing Standard to comply
with the preceding sentence within five Business Days of the date it has notice of the occurrence of any event specified in the
definition of Specially Serviced Loan and in any event shall continue to act as Master Servicer and administrator of the Whole
Loan until the Special Servicer has commenced the servicing of the Whole Loan, which shall occur upon the receipt by the Special
Servicer of the information, documents and records referred to in the preceding sentence. With respect to the Whole Loan that
becomes a Specially Serviced Loan, the Master Servicer shall instruct the Borrower to continue to remit all payments in respect
of the Whole Loan to the Master Servicer. The Master Servicer shall forward any notices it would otherwise send to the Borrower
of a Specially Serviced Loan to the Special Servicer, which shall send such notice to the Borrower.

 

Upon
determining that a Specially Serviced Loan has become a Corrected Whole Loan, the Special Servicer shall promptly give notice
thereof to the Master Servicer, and upon giving such notice, the Whole Loan shall cease to be a Specially Serviced Loan in accordance
with the first proviso of the definition of Specially Serviced Loan, the Special Servicer’s obligation to service the Whole
Loan shall terminate and the obligations of the Master Servicer to service and administer the Whole Loan as a Whole Loan that
is not a Specially Serviced Loan shall resume.

 

(b)          In servicing a Specially Serviced Loan, the Special Servicer shall provide to the Custodian originals of documents included within
the definition of “Mortgage File” for

 

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inclusion in the Mortgage File (to the extent such documents are in the possession
of the Special Servicer) and copies of any additional Whole Loan information, including correspondence with the Borrower, and
the Special Servicer shall promptly provide copies of all of the foregoing to the Master Servicer as well as copies of any analysis
or internal review prepared by or for the benefit of the Special Servicer.

 

(c)          Not later than two Business Days preceding each date on which the Master Servicer is required to furnish a report under Section 3.13(a) of this Agreement to the Certificate Administrator, the Special Servicer shall deliver to the Certificate Administrator, with
a copy to the Trustee and the Master Servicer, a written statement describing (i) the amount of all payments received on
a Specially Serviced Loan, including Principal Prepayments, on a Specially Serviced Loan, the amount of Net Insurance Proceeds,
Net Liquidation Proceeds and Net Condemnation Proceeds received with respect to a Specially Serviced Loan, and the amount of net
income or net loss, as determined from management of a trade or business on, the furnishing or rendering of a non-customary service
to the tenants of, or the receipt of any rental income that does not constitute Rents from Real Property with respect to the REO
Property relating to a Specially Serviced Loan, in each case in accordance with Section 3.15 of this Agreement (it
being understood and agreed that to the extent this information is provided in accordance with Section 3.13(f) of
this Agreement, this Section 3.23(c) shall be deemed to be satisfied) and (ii) such additional information relating
to a Specially Serviced Loan as the Master Servicer, the Certificate Administrator or the Trustee reasonably request, to enable
it to perform its duties under this Agreement. Such statement and information shall be furnished to the Master Servicer in writing
and/or in such electronic media as is acceptable to the Master Servicer.

 

(d)          Notwithstanding the provisions of the preceding Section 3.23(c), the Master Servicer shall maintain ongoing payment
records with respect to a Specially Serviced Loan relating to the Trust Loan and shall provide the Special Servicer with any information
reasonably required by the Special Servicer to perform its duties under this Agreement. The Special Servicer shall provide the
Master Servicer with any information reasonably required by the Master Servicer to perform its duties under this Agreement.

 

(e)          
No later than 60 days after the Whole Loan becomes a Specially Serviced Loan, the Special Servicer shall deliver to the Master
Servicer, the Directing Holder (during any Subordinate Control Period and any Subordinate Consultation Period), the Risk Retention
Consultation Parties, the Companion Loan Holders and the 17g-5 Information Provider (which shall promptly post such report to
the 17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement), a report (the “Asset
Status Report”) with respect to the Whole Loan and the Mortgaged Property. Such Asset Status Report shall set forth
the following information to the extent reasonably determinable:

 

(i)          
the date of transfer of servicing of the Whole Loan to the Special Servicer;

 

(ii)         
a summary of the status of the Specially Serviced Loan and any negotiations with the Borrower;

 

(iii)         a discussion of the legal and environmental considerations reasonably known to the Special Servicer, consistent with the Servicing
Standard, that are applicable

 

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to the exercise of remedies as aforesaid and to the enforcement of any related guaranties or other
collateral for the Whole Loan and whether outside legal counsel has been retained;

 

(iv)         the most current rent roll and income or operating statement available for the Mortgaged Property;

 

(v)         
(A) the Special Servicer’s recommendations on how the Specially Serviced Loan might be returned to performing status
(including the modification of a monetary term, and any workout, restructure or debt forgiveness) and returned to the Master Servicer
for regular servicing or foreclosed or otherwise realized upon (including any proposed sale of a Defaulted Mortgage Loan or REO
Property), (B) a description of any such proposed or taken actions, and (C) the alternative courses of action that were
or are being considered by the Special Servicer in connection with the proposed or taken actions;

 

(vi)         the status of any foreclosure actions or other proceedings undertaken with respect thereto, any proposed workouts with respect
thereto and the status of any negotiations with respect to such workouts, and an assessment of the likelihood of additional defaults
under the Whole Loan;

 

(vii)        a description of any amendment, modification or waiver of a material term of any ground lease;

 

(viii)       the decision that the Special Servicer made, or intends or proposes to make, including a narrative analysis setting forth the
Special Servicer’s rationale for its proposed decision, including its rejection of the alternatives;

 

(ix)          an analysis of whether or not taking such proposed action is reasonably likely to produce a greater recovery on a present value
basis than not taking such action, setting forth (x) the basis on which the Special Servicer made such determination and
(y) the net present value calculation (including the applicable Calculation Rate used) and all related assumptions;

 

(x)          
the appraised value of the Mortgaged Property together with the assumptions used in the calculation thereof, and a copy of the
last obtained Appraisal of the Mortgaged Property; and

 

(xi)         
such other information as the Special Servicer deems relevant in light of the Servicing Standard.

 

The
Special Servicer shall, subject to the rights of the Directing Holder (during any Subordinate Control Period and any Subordinate
Consultation Period), take such actions consistent with the Servicing Standard and the Asset Status Report. The Special Servicer
shall not take any action inconsistent with the Asset Status Report, unless such action would be required in order to act in accordance
with the Servicing Standard, this Agreement, applicable law or the Loan Documents.

 

If,
during any Subordinate Control Period, (i) the Directing Holder affirmatively approves in writing an Asset Status Report,
(ii) after ten (10) Business Days from receipt of an

 

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Asset Status Report, together with all information in the possession
of the Special Servicer that is reasonably necessary for the Directing Holder to make a decision regarding the Asset Status Report,
the Directing Holder does not object to such Asset Status Report or (iii) within ten (10) Business Days after receipt of
an Asset Status Report, together with all information in the possession of the Special Servicer that is reasonably necessary for
the Directing Holder to make a decision regarding the Asset Status Report, the Directing Holder objects to such Asset Status Report
and the Special Servicer makes a determination in accordance with the Servicing Standard that such objection is not in the best
interest of all the Certificateholders, then the Special Servicer shall take the recommended actions described in the Asset Status
Report. Within ten (10) Business Days after receipt of an Asset Status Report, together with all information reasonably requested
by the Directing Holder in the possession of the Special Servicer that is reasonably necessary to make a decision regarding the
Asset Status Report, the Directing Holder may object to such Asset Status Report; provided that following the occurrence
of an extraordinary event with respect to the Mortgaged Property, or if a failure to take any such action at such time would be
inconsistent with the Servicing Standard, the Special Servicer may take actions with respect to the Mortgaged Property before
the expiration of such ten (10) Business Day period if the Special Servicer reasonably determines in accordance with the Servicing
Standard that failure to take such action before the expiration of such ten (10) Business Day period would materially and adversely
affect the interest of the Certificateholders, and, during any Subordinate Control Period, the Special Servicer has made a reasonable
effort to contact the Directing Holder.

 

During
any Subordinate Control Period, if the Directing Holder objects to an Asset Status Report within the above-referenced ten (10)
Business Day period, then the Special Servicer (absent a determination set forth in clause (iii) of the first sentence
of the immediately preceding paragraph) shall revise such Asset Status Report as soon as practicable thereafter, but in no event
later than thirty (30) days after the objection to the Asset Status Report by the Directing Holder. During any Subordinate Control
Period, the Special Servicer shall revise such Asset Status Report as provided in the prior paragraph until the earlier of (a) the
delivery by the Directing Holder of an affirmative approval in writing of such revised Asset Status Report, (b) the failure
of the Directing Holder to disapprove such revised Asset Status Report in writing within ten (10) Business Days of its receipt
thereof and (c) the determination of the Special Servicer, consistent with the Servicing Standard, that the objection of
the Directing Holder is not in the best interests of all the Certificateholders and the Companion Loan Holders. In any event,
during any Subordinate Control Period, if the Directing Holder does not approve an Asset Status Report within ninety (90) days
from the first submission of such Asset Status Report, or the Special Servicer’s determination to take the recommended action
as provided in the immediately preceding paragraph, the Special Servicer shall take such action as set forth in the most recent
Asset Status Report; provided that such action does not violate the Servicing Standard. The Special Servicer may, from
time to time, modify any Asset Status Report it has previously delivered and implement the new action in such revised report so
long as such revised report has been prepared, reviewed and either approved or not rejected as provided above. Upon request, each
Initial Purchaser shall be entitled to a copy of any Asset Status Report.

 

During
any Subordinate Consultation Period, the Directing Holder shall be entitled to consult on a non-binding basis with the Special
Servicer and propose alternative courses of action in respect of any Asset Status Report. During any Subordinate Consultation
Period, the Special Servicer shall consider such alternative courses of action and any other feedback provided

 

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by the Directing
Holder, as applicable. The Special Servicer may revise the Asset Status Reports as it deems reasonably necessary in accordance
with the Servicing Standard to take into account any input and/or recommendations of the Directing Holder during any Subordinate
Consultation Period.

 

The
Asset Status Report is not intended to replace or satisfy any other specific consent or approval right which the Directing Holder
may have.

 

The
Special Servicer may not take any action inconsistent with an Asset Status Report that has been adopted as provided above, unless
such action would be required in order to act in accordance with the Servicing Standard. During any Subordinate Control Period
or any Subordinate Consultation Period, if the Special Servicer takes any action inconsistent with an Asset Status Report that
has been adopted as provided above, the Special Servicer shall promptly notify the Directing Holder of such inconsistent action
and provide a reasonably detailed explanation of the reasons therefor.

 

The
Special Servicer shall deliver to the Master Servicer, the Directing Holder (during any Subordinate Control Period and any Subordinate
Consultation Period), the 17g-5 Information Provider (which shall promptly post the same to the 17g-5 Information Provider’s
Website), the Companion Loan Holders and, subject to Section 4.02(c), each Rating Agency a copy of each Final Asset
Status Report, in each case with reasonable promptness following the adoption thereof.

 

Notwithstanding
anything herein to the contrary: (i) the Special Servicer shall have no right or obligation to consult with or to seek and/or
obtain consent or approval from the Directing Holder prior to acting (and provisions of this Agreement requiring such consultation,
consent or approval shall be of no effect) during the period following any resignation or removal of the Directing Holder and
before a replacement is selected and/or identified; and (ii) no advice, direction or objection from or by the Directing Holder,
as contemplated by Section 6.09 or pursuant to any other provision of this Agreement, as contemplated by this Agreement
or any intercreditor agreement, may (and the applicable Special Servicer shall ignore and act without regard to any such advice,
direction or objection that such Special Servicer has determined, in its reasonable, good faith judgment, would): (A) require
or cause such Special Servicer to violate applicable law, the terms of the Loan Documents, any intercreditor agreement or any
Section of this Agreement, including the Special Servicer’s obligation to act in accordance with the Servicing Standard,
(B) result in the imposition of federal income tax on the Trust, cause any REMIC to fail to qualify as a REMIC, (C) expose
the Trust, any Certificateholder, the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Trustee, any Companion Loan Holders, any holders of Companion Loan Securities, any Other Depositor, any Other Servicers, any Other
Special Servicer, any Other Operating Advisor or any of their respective Affiliates, members, managers, officers, directors, employees
or agents, to any material claim, suit or liability or (D) materially expand the scope of the Master Servicer’s, Special
Servicer’s, Certificate Administrator’s or Trustee’s responsibilities under this Agreement.

 

(f)          
While the Whole Loan is a Specially Serviced Loan, the Special Servicer shall have the authority to meet with the Borrower.

 

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(g)          The Special Servicer shall (x) deliver to the Certificate Administrator a proposed notice to Certificateholders that will
include a summary of any Final Asset Status Report in an electronic format (which shall be a brief summary of the current status
of the Mortgaged Property and strategy with respect to the resolution and workout of the Trust Loan), and the Certificate Administrator
shall post such summary on the Certificate Administrator’s Website pursuant to Section 4.02(b) and shall deliver
such summary of any Asset Status Reports to the 17g-5 Information Provider (which shall post such summary to the website pursuant
to Section 4.02(b)) and (y) implement the applicable Final Asset Status Report in the form delivered to
the 17g-5 Information Provider pursuant to Section 3.23(e). The Special Servicer may, from time to time, modify any
Asset Status Report it has previously delivered and, following the prompt delivery of such modified Asset Status Report to the
17g-5 Information Provider, which the 17g-5 Information Provider shall post on the 17g-5 Information Provider’s Website
pursuant to Section 4.02(b), implement such report.

 

(h)          [Reserved].

 

Section 3.24          
Special Instructions for the Master Servicer and/or Special Servicer. (a)  Prior to taking any action with respect
to the Whole Loan secured by the Mortgaged Property located in a “one-action” state, the Master Servicer or Special
Servicer, as applicable, shall consult with legal counsel, the fees and expenses of which shall be an expense of the Trust Fund
and shall be allocated in accordance with the allocation provisions of the Co-Lender Agreement.

 

(b)          The Master Servicer shall send written notice to the Borrower and the Managers and clearing bank relating to the Whole Loan that,
if applicable, it and/or the Trustee has been appointed as the “Designee” of the “Lender” under any related
Lock-Box Agreement.

 

(c)         
Without limiting the obligations of the Master Servicer hereunder with respect to the enforcement of the Borrower’s obligations
under the Loan Documents, the Master Servicer agrees that it shall, in accordance with the Servicing Standard, enforce the provisions
of the Loan Documents relating to the Whole Loan with respect to the collection of Prepayment Charges.

 

(d)          In the event that a Rating Agency shall charge a fee in connection with providing a No Downgrade Confirmation, the Master Servicer
shall require the Borrower to pay such fee to the extent not inconsistent with the applicable Loan Documents. In the event that
such fee remains unpaid, such fee shall be an expense of the Trust Fund (allocated as an Additional Trust Fund Expense in the
same manner as Realized Losses as set forth in Section 4.01(e) of this Agreement).

 

(e)          With respect to the Whole Loan, to the extent not inconsistent with the Whole Loan, the Master Servicer shall not consent to a
change of franchise affiliation with respect to the Mortgaged Property, if applicable, or any property manager with respect to
the Mortgaged Property unless the Master Servicer obtains a No Downgrade Confirmation relating to the Certificates and Companion
Loan Securities, if any.

 

Section 3.25          
Certain Rights and Obligations of the Master Servicer and/or the Special Servicer. In addition to its rights and obligations
with respect to a Specially Serviced

 

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Loan, the Special Servicer has the right, whether or not the Whole Loan is a Specially Serviced
Loan, to approve (i) Major Decisions to the extent described under Section 3.26 of this Agreement and (ii) certain
waivers of due-on-sale or due-on-encumbrance clauses as described above under Section 3.09 of this Agreement. With
respect to a Performing Loan, the Master Servicer shall promptly notify the Special Servicer of any request for approval (a “Request
for Approval”) received relating to the Special Servicer’s above-referenced approval rights and forward to the
Special Servicer written notice of any Request for Approval accompanied by its written recommendation and analysis and any other
information or documents reasonably requested by the Special Servicer (to the extent such information or documents are in the
Master Servicer’s possession). The Special Servicer shall have 15 Business Days (from the date that the Special Servicer
receives the information it requested from the Master Servicer) to analyze and make a recommendation with respect to a Request
for Approval with respect to a Performing Loan. If the Special Servicer does not respond within such 15 Business-Day period (or
in connection with an Acceptable Insurance Default, 90 days) (unless earlier objected to), the Special Servicer’s consent
shall be deemed given.

 

Section 3.26    
Modification, Waiver, Amendment and Consents. (a)  Subject to Sections 3.25 and 3.26(f), and
subject to the rights of the Directing Holder during any Subordinate Control Period or Subordinate Consultation Period, (i) the
Master Servicer (subject to the Special Servicer’s consent if required pursuant to Sections 3.25 and 6.09(a)) or (ii) with respect to the Whole Loan if it is a Specially Serviced Loan, the Special Servicer may modify, waive or
amend any term of the Whole Loan if such modification, waiver or amendment (A) is consistent with the Servicing Standard
and (B) would not constitute a “significant modification” of the Whole Loan pursuant to Treasury Regulations
Section 1.860G-2(b) and would not otherwise (1) cause either Trust REMIC to fail to qualify as a REMIC or (2) 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, but not including the tax on “net income from foreclosure property” under Section 860G(c) of the
Code). In order to meet the foregoing requirements in the case of a release of real property collateral securing the Whole Loan,
the Master Servicer or Special Servicer, as applicable, shall observe the REMIC requirements of the Code with respect to a required
payment of principal if the related loan-to-value ratio immediately after the release exceeds 125% with respect to the related
real property.

 

(b)          Neither the Master Servicer nor the Special Servicer shall extend the Maturity Date of the Whole Loan beyond the date that is
the date occurring later than seven (7) years prior to the Rated Final Distribution Date.

 

(c)          
Neither the Master Servicer nor the Special Servicer shall permit the Borrower to add or substitute any collateral for the Whole
Loan, which collateral constitutes real property, unless the Master Servicer or the Special Servicer, as applicable, shall have
obtained a No Downgrade Confirmation relating to the Certificates and the Companion Loan Securities, if any.

 

(d)          Any payment of interest that is deferred pursuant to any modification, waiver or amendment permitted hereunder, shall not, for
purposes hereof, including, without limitation, calculating monthly distributions to Certificateholders or the Companion Loan
Holders,

 

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be added to the unpaid principal balance of the Whole Loan, notwithstanding that the terms of the Whole Loan or such
modification, waiver or amendment so permit.

 

(e)          
Except for waivers of Penalty Charges and waivers of notice periods, all material modifications, waivers and amendments of the
Whole Loan in accordance with this Section 3.26 of this Agreement shall be in writing.

 

(f)          
The Master Servicer or the Special Servicer, as applicable, shall notify the Trustee, the Certificate Administrator, the Depositor,
the Directing Holder (during any Subordinate Control Period or any Subordinate Consultation Period), the Companion Loan Holders
and the 17g-5 Information Provider (which shall promptly post such notice to the 17g-5 Information Provider’s Website pursuant
to Section 3.14(d) of this Agreement), in writing, of any modification, waiver, material consent or amendment of any
term of the Whole Loan and the date thereof, and shall deliver to the Custodian for deposit in the Mortgage File, an original
counterpart of the agreement relating to such modification, waiver, material consent or amendment, promptly (and in any event
within 10 Business Days) following the execution thereof.

 

(g)          The Master Servicer or the Special Servicer may (subject to the Servicing Standard), as a condition to granting any request by
the Borrower for consent, modification, waiver or indulgence or any other matter or thing, the granting of which is within its
discretion pursuant to the terms of the instruments evidencing or securing the Whole Loan and is permitted by the terms of this
Agreement and applicable law, require that the Borrower pays to it (i) as additional servicing compensation, a reasonable
and customary fee for the additional services performed in connection with such request (provided that the charging of
such fee would not constitute a “significant modification” of the Whole Loan within the meaning of Treasury Regulations
Section 1.860G-2(b)), and (ii) any related costs and expenses incurred by it. In no event shall the Master Servicer
or the Special Servicer be entitled to payment for such fees or expenses unless such payment is collected from the Borrower.

 

(h)          Notwithstanding the foregoing, the Master Servicer shall not permit the substitution of the Mortgaged Property pursuant to the
defeasance provisions of the Whole Loan (or any portion thereof), if any, unless such defeasance complies with Treasury Regulations
Section 1.860G-2(a)(8)(ii) and satisfies the conditions set forth in Section 3.09(h) of this Agreement.

 

(i)         
Notwithstanding anything herein or in the Loan Documents to the contrary, the Master Servicer may permit the substitution of direct,
non-callable “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act of
1940, or any other securities that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii) (including U.S. government
agency securities if such securities are eligible defeasance collateral under then current guidelines of the Rating Agencies)
for the Mortgaged Property pursuant to the defeasance provisions of the Whole Loan (or any portion thereof) in lieu of the defeasance
collateral specified in the Loan Documents; provided that the Master Servicer receives an Opinion of Counsel (at the expense
of the Borrower to the extent permitted under the Loan Documents) to the effect that such use would not be and would not constitute
a “significant modification” of the Whole Loan pursuant to Treasury Regulations Section 1.860G-2(b) and would
not otherwise endanger the status of the Lower-Tier REMIC or the Upper-Tier REMIC as a REMIC or result in the imposition of a
tax upon the Lower-Tier REMIC, the Upper-Tier REMIC or the Trust Fund (including but not limited

 

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 to the tax on “prohibited
transactions” as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in Section 860G(d)
of the Code, but not including the tax on “net income from foreclosure property”).

 

(j)           
Any modification, waiver or amendment of or consents or approvals relating to the Whole Loan that is a Specially Serviced Loan
or an REO Loan shall be performed by the Special Servicer and not the Master Servicer.

 

Section 3.27       
Annual Compliance Statements. The Master Servicer, the Special Servicer, and each Servicing Function Participant (if such
Servicing Function Participant is a servicer contemplated by Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB) (each, a “Certifying
Servicer”) shall, and the Master Servicer and the Special Servicer shall use commercially reasonable efforts to cause
each Servicing Function Participant (if such Servicing Function Participant is a servicer contemplated by Item 1108(a)(2)(i),
(ii) or (iii) of Regulation AB) (other than any party to this Agreement) with which it has entered into a servicing relationship
with respect to the Whole Loan, to deliver to the Trustee, the Depositor, the Certificate Administrator, the 17g-5 Information
Providers (who shall promptly post such report to the 17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement) on or before March 15 (subject to a grace period through March 31st) with respect to the Master Servicer,
the Special Servicer, or any Servicing Function Participant, of each year, commencing in 2020, an Officer’s Certificate
stating, as to the signer thereof, that (A) a review of such Certifying Servicer’s activities during the preceding
calendar year or portion thereof and of such Certifying Servicer’s performance under this Agreement or the applicable sub-servicing
agreement has been made under such officer’s supervision and (B) that, to the best of such officer’s knowledge,
based on such review, such Certifying Servicer has fulfilled all its obligations under this Agreement, or the applicable sub-servicing
agreement, in 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. Promptly
after receipt of each such Officer’s Certificate, the Depositor shall have the right to review such Officer’s Certificate
and, if applicable, consult with each Certifying Servicer, as applicable, as to the nature of any failures by such Certifying
Servicer, in the fulfillment of any of the Certifying Servicer’s obligations hereunder or under the applicable Sub-Servicing
Agreement

 

Section 3.28       
Annual Reports on Assessment of Compliance with Servicing Criteria. By March 15th (subject to a grace period through March
31st) of each year, commencing in March 2020, the Master Servicer, the Special Servicer (regardless of whether the Special Servicer
has commenced special servicing of the Whole Loan) and each Servicing Function Participant (each, a “Reporting Servicer”),
each at its own expense, shall furnish, (and each Reporting Servicer, as applicable, shall use commercially reasonable efforts
to cause, by March 15th (subject to grace period through March 31st), each Servicing Function Participant (other than a party
to this Agreement) with which it has entered into a servicing relationship with respect to the Whole Loan to furnish, each at
its own expense, to the Trustee, the Certificate Administrator, the Depositor, the 17g-5 Information Provider (who shall promptly
post such report to the 17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement),
a report on an assessment of compliance with the Relevant Servicing Criteria with respect to commercial mortgage backed securities
transactions taken as a whole involving such party that contains (A) a statement by such Reporting Servicer of its responsibility
for assessing compliance with the

 

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Relevant Servicing Criteria, (B) a statement that such Reporting Servicer used the Servicing
Criteria to assess compliance with the Relevant Servicing Criteria, (C) such Reporting Servicer’s assessment of compliance
with the Relevant Servicing Criteria as of and for the period ending the end of the fiscal year, including, if there has been
any material instance of noncompliance with the Relevant Servicing Criteria, a discussion of each such failure and the nature
and status thereof, and (D) a statement that a registered public accounting firm has issued an attestation report on such
Reporting Servicer’s assessment of compliance with the Relevant Servicing Criteria as of and for such period. Copies of
all compliance reports delivered pursuant to this Section 3.28 shall be made available to any Privileged Person by
the Certificate Administrator pursuant to Section 4.02(b) of this Agreement and to any Rating Agency and any NRSRO
by the 17g-5 Information Provider pursuant to Section 3.14(d) of this Agreement.

 

No
later than 10 Business Days after the end of each fiscal year for the Trust, the Master Servicer and the Special Servicer shall
each forward to the Certificate Administrator and the Depositor the name and contact information of each Servicing Function Participant
engaged by it during such year or portion thereof and what Relevant Servicing Criteria will be addressed in the report on assessment
of compliance prepared by such Servicing Function Participant. When the Master Servicer, the Special Servicer and each Servicing
Function Participant submit their respective assessments by March 15th (subject to grace period through March 31st), as applicable,
to the Certificate Administrator (and such other trustee), each such party shall also at such time, if it has received the assessment
(and attestation pursuant to Section 3.29 of this Agreement) of each Servicing Function Participant engaged by it,
include such assessment (and attestation) in its submission to the Certificate Administrator (and such other trustee).

 

Promptly
after receipt of each such report on assessment of compliance, the Depositor shall have the right to review each such report and,
if applicable, consult with the Master Servicer, the Special Servicer and any Servicing Function Participant as to the nature
of any material instance of noncompliance with the Relevant Servicing Criteria by the Master Servicer, the Special Servicer or
any Servicing Function Participant.

 

The
parties hereto acknowledge that a material instance of noncompliance with the Relevant Servicing Criteria reported on an assessment
of compliance pursuant to this Section 3.28 by the Master Servicer or the Special Servicer shall not, as a result
of being so reported, in and of itself, constitute a breach of such parties’ obligations, as applicable, under this Agreement
unless otherwise provided for in this Agreement.

 

Section 3.29       
Annual Independent Public Accountants’ Servicing Report. By March 15th (subject to a grace period through March 31st),
of each year, commencing in March 2020, each Reporting Servicer, each at its own expense, shall cause, and each Reporting Servicer,
as applicable, shall use commercially reasonable efforts to cause each Servicing Function Participant (other than a party to this
Agreement) with which it has entered into a servicing relationship with respect to the Whole Loan, to cause, each at its own expense,
a registered public accounting firm (which may also render other services to the Master Servicer, the Special Servicer and such
Servicing Function Participant, as the case may be) and that is a member of the American Institute of Certified Public Accountants
to furnish a report to the Trustee, the Certificate Administrator, the Depositor and the 17g-5 Information Provider (who shall
promptly post such report to the 17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement)
to the effect that (i) it has obtained a representation regarding certain matters from the management

 

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 of such Reporting Servicer,
which includes an assessment from such Reporting Servicer of its compliance with the Relevant Servicing Criteria in all material
respects, and (ii) on the basis of an examination conducted by such firm in accordance with standards for attestation engagements
issued or adopted by the PCAOB, it is expressing an opinion as to whether such Reporting Servicer’s compliance with the
Relevant Servicing Criteria was fairly stated in all material respects, or it cannot express an overall opinion regarding such
Reporting Servicer’s assessment of compliance with the Relevant Servicing Criteria. If an overall opinion cannot be expressed,
such registered public accounting firm shall state in such report why it was unable to express such an opinion. Such report must
be available for general use and not contain restricted use language.

 

Promptly
after receipt of such report from each Reporting Servicer, the Depositor shall have the right to review the report and, if applicable,
consult with the related Reporting Servicer as to the nature of any material instance of noncompliance by such Reporting Servicer
with the Servicing Criteria applicable to such person, as the case may be, in the fulfillment of any of such Reporting Servicer’s
obligations hereunder or under any applicable Sub-Servicing Agreement or primary servicing agreement.

 

Section 3.30       
No Downgrade Confirmation. (a)  Notwithstanding the terms of any Loan Documents or other provisions of this Agreement,
if any action under the Loan Documents or this Agreement requires No Downgrade Confirmation from each Rating Agency as a condition
precedent to such action, if the party (the “Requesting Party”) attempting to obtain such No Downgrade Confirmation
from each Rating Agency has made a request to any Rating Agency for such No Downgrade Confirmation and, within ten (10) Business
Days of the No Downgrade Confirmation request being posted to the 17g-5 Information Provider’s Website, such Rating Agency
has not replied to such request or has responded in a manner that indicates that such Rating Agency is neither reviewing such
request nor waiving the requirement for No Downgrade Confirmation, then (i) such Requesting Party shall (without providing
notice to the 17g-5 Information Provider) confirm that the applicable Rating Agency has received the No Downgrade Confirmation
request, and, if it has not, promptly request the related No Downgrade Confirmation again, and (ii) if there is no response
to either such No Downgrade Confirmation request within five (5) Business Days of such second request, or such Rating Agency has
responded in a manner that indicates it is neither reviewing such request nor waiving the requirement for No Downgrade Confirmation,
(x) with respect to any such condition in any Loan Document requiring such No Downgrade Confirmation, or any other matter
under this Agreement relating to the servicing of the Whole Loan (other than as set forth in clause (y) below), the
Requesting Party (or, if the Requesting Party is the Borrower, then the Master Servicer (with respect to the Whole Loan if it
is a Performing Loan) or the Special Servicer (with respect to the Whole Loan if it is Specially Serviced Loan or an REO Loan),
as applicable) shall determine, in accordance with its duties under this Agreement and in accordance with the Servicing Standard,
except as provided in Section 3.30(b), whether or not such action would be in the best interests of the Certificateholders
and the Companion Loan Holders (as a collective whole as if such Certificateholders and the Companion Loan Holders constituted
a single lender), and if the Requesting Party (or, if the Requesting Party is the Borrower, then the Master Servicer or the Special
Servicer, as applicable) determines that such action would be in the best interest of the Certificateholders and the Companion
Loan Holders (as a collective whole, as if such Certificateholders and the Companion Loan Holders constituted a single lender),
then the requirement for a No Downgrade Confirmation will be deemed not to apply as to the non-

 

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responding Rating Agency, and (y) with
respect to a replacement of the Master Servicer or the Special Servicer, such condition shall be deemed to be satisfied with respect
to a Rating Agency or a rating agency rating any Companion Loan Securities, as applicable, as follows: (i) Moody’s,
if the replacement master servicer or special servicer, as applicable, has been appointed and currently serves as a master servicer
or a special servicer, as applicable, on a transaction-level basis on a transaction currently rated by Moody’s that currently
has securities outstanding and for which Moody’s has not cited servicing concerns of the applicable replacement master servicer
or special servicer as the sole or a material factor in any qualification, downgrade or withdrawal of the ratings (or placement
on “watch status” in contemplation of a rating downgrade or withdrawal) of securities rated by Moody’s in a
CMBS securitization transaction serviced by the applicable replacement master servicer or special servicer prior to the time of
determination, if Moody’s is the non-responding rating agency; (ii) Morningstar, if (I) such replacement master
servicer or special servicer has a ranking by Morningstar equal to or higher than “MOR CS3” as a master servicer or
special servicer, as applicable, or (II)(a) (as certified to in writing by such replacement master servicer or replacement special
servicer, as applicable) such replacement master servicer or special servicer is acting as master servicer or special servicer,
as applicable, in a CMBS securitization transaction that was rated by a Rating Agency within the 12-month period prior to the
date of determination and (b) Morningstar has not qualified, downgraded or withdrawn the then-current rating or ratings of
one or more classes of CMBS certificates citing servicing concerns with the replacement master servicer or replacement special
servicer, as applicable, as the sole or material factor in such rating action (and such qualification, downgrade or withdrawal
has not been withdrawn by Morningstar within 60 days of such event), if Morningstar is the non-responding rating agency; (iii) S&P,
if the replacement master servicer or special servicer is listed on S&P’s Select Servicer List as a U.S. Commercial
Mortgage Master Servicer or a U.S. Commercial Mortgage Special Servicer, as applicable, if S&P is the non-responding rating
agency; (iv) KBRA, if KBRA has not cited servicing concerns of the applicable replacement master servicer or special servicer
as the sole or a material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status”
in contemplation of a ratings downgrade or withdrawal) of securities in a CMBS securitization transaction serviced by the applicable
replacement master servicer or special servicer prior to the time of determination if KBRA is the non-responding rating agency;
(v) Fitch, if the applicable replacement master servicer or special servicer is rated at least “CMS3” (in the
case of the master servicer) or “CSS3” (in the case of the special servicer), if Fitch is the non-responding rating
agency; and (vi) DBRS, if (as certified to in writing by such replacement master servicer or replacement special servicer,
as applicable) the replacement master servicer or replacement special servicer is acting as master servicer or special servicer,
as applicable, in a CMBS securitization transaction that was rated by DBRS within the 12-month period prior to the date of determination,
and DBRS has not cited servicing concerns of the applicable replacement master servicer or special servicer as the sole or material
factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation
of a ratings downgrade or withdrawal) of securities in any other commercial mortgage-backed securitization transaction serviced
by the applicable replacement master servicer or special servicer prior to the time of determination, if DBRS is the non-responding
rating agency (clauses (i) through (vi), “Qualified Servicer”).

 

Any
No Downgrade Confirmation request made by the Master Servicer, Special Servicer, Certificate Administrator or Trustee, as applicable,
pursuant to this Agreement, shall be made in writing, which writing shall contain a cover page indicating the nature of the No

 

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Downgrade Confirmation request, and shall contain all back-up material necessary for the applicable Rating Agency to process such
request. Such written No Downgrade Confirmation request shall be provided in electronic format to the 17g-5 Information Provider,
and the 17g-5 Information Provider shall post such request on the 17g-5 Information Provider’s Website in accordance with
Section 3.14(d) of this Agreement.

 

Promptly
following the Master Servicer’s or Special Servicer’s determination to take any action discussed in this Section 3.30(a) following any requirement to obtain a No Downgrade Confirmation being considered satisfied, the Master Servicer or Special
Servicer, as the case may be, shall provide electronic written notice to the 17g-5 Information Provider of the action taken for
the particular item at such time, and the 17g-5 Information Provider shall post such notice on the 17g-5 Information Provider’s
Website in accordance with Section 3.14(d) of this Agreement.

 

(b)          To the extent the Loan Documents permit the incurrence of a PACE Loan, the Master Servicer and Special Servicer, prior to permitting
the incurrence of such PACE Loan, shall receive a No Downgrade Confirmation in accordance with Section 3.30(a).

 

(c)         
To the extent the Loan Documents permit the lender to require a No Downgrade Confirmation in connection with a defeasance, the
Master Servicer or the Special Servicer, as applicable, shall require the delivery of a No Downgrade Confirmation in connection
with Section 3.30(a).

 

(d)          For all other matters or actions not specifically discussed in Section 3.30(a) above, the applicable Requesting Party
shall deliver a No Downgrade Confirmation from each Rating Agency.

 

Section 3.31       
Certain Co-Lender Matters Relating to the Whole Loan. (a)  Except for those duties to be performed by, and
notices to be furnished by, the Trustee under this Agreement, the Master Servicer or the Special Servicer, as applicable, shall
perform such duties and furnish such notices, reports and information on behalf of the Trust Fund as may be the obligation of
the Trust, or the obligation of the master servicer or the special servicer, as applicable, following securitization, under the
Co-Lender Agreement.

 

(b)              
The Master Servicer shall maintain a register (the “Companion Loan Noteholder Register”) on which the Master
Servicer shall record the names and addresses of the Companion Loan Holders and wire transfer instructions for the Companion Loan
Holders from time to time, to the extent such information is provided in writing to the Master Servicer by the related Companion
Loan Holder. Each Companion Loan Holder has agreed to inform the Master Servicer of its name, address, taxpayer identification
number and wiring instructions (to the extent the foregoing information is not already contained in the Co-Lender Agreement)
and of any transfer thereof (together with any instruments of transfer). The name and address of the initial Companion Loan Holders
as of the Closing Date is set forth on Schedule III hereto. The Master Servicer shall be entitled to conclusively rely
upon the information delivered by the Companion Loan Holders including the identity of the controlling class representative in
any related Other Securitization Trust until it receives notice of transfer or of any change in information.

 

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In
no event shall the Master Servicer be obligated to pay any party the amounts payable to a Companion Loan Holder hereunder other
than the Person listed as the applicable Companion Loan Holder on the Companion Loan Holder Register. In the event that a Companion
Loan Holder transfers a Companion Loan without notice to the Master Servicer, the Master Servicer shall have no liability whatsoever
for any misdirected payment on such Companion Loan and shall have no obligation to recover and redirect such payment.

 

The
Master Servicer shall promptly provide the names and addresses of the Companion Loan Holders, including the identity of the controlling
class representative in any related Other Securitization Trust, to any party hereto, the Companion Holder or any successor thereto
upon written request, and any such party or successor may, without further investigation, conclusively rely upon such information.
The Master Servicer shall have no liability to any Person for the provision of any such names and addresses.

 

(c)          The Directing Holder shall not owe any fiduciary duty to the Trustee, any Master Servicer, any Special Servicer, any Certificateholder
(including the Directing Holder, if applicable) or the Companion Loan Holders, as applicable. The Directing Holder will not have
any liability to the Certificateholders (including the Directing Holder, if applicable), the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, or the Companion Loan Holders, as applicable, for any action taken, or for refraining
from the taking of any action or the giving of any consent, pursuant to this Agreement, or for errors in judgment.

 

(d)          The Directing Holder shall be entitled to exercise the consent rights, cure rights and purchase rights, as applicable, allocated
to the Directing Holder to the extent set forth in the Co-Lender Agreement, in accordance with the terms of the Co-Lender
Agreement and this Agreement.

 

(e)          
The Special Servicer (with respect to a Companion Loan if such Companion Loan is a Specially Serviced Loan or has become a Serviced
REO Loan) or the Master Servicer (otherwise), as applicable, shall take all actions relating to the servicing and/or administration
of, and (subject to Section 3.13 and Section 3.17 of this Agreement and the following paragraph) the preparation
and delivery of reports and other information with respect to, the Whole Loan or any related REO Property required to be performed
by the holder of the Trust Loan or contemplated to be performed by a servicer, in any case pursuant to and as required by the
Co-Lender Agreement. In addition notwithstanding anything herein to the contrary, the following considerations shall apply
with respect to the servicing of the Companion Loans:

 

(i)           
none of the Master Servicer, the Special Servicer or the Trustee shall make any P&I Advance with respect to the Companion
Loans; and

 

(ii)          
the Master Servicer and the Special Servicer shall each consult with and obtain the consent of the Companion Loan Holders to the
extent, if any, required by the Co-Lender Agreement.

 

The
Master Servicer or Special Servicer, as applicable, shall timely provide to the Companion Loan Holders any reports or notices
required to be delivered to the Companion Loan Holders pursuant to the Co-Lender Agreement (provided, that to the extent
that a Companion Loan has been included in an Other Securitization Trust, such reports or notices required to be delivered

 

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 by
the Special Servicer to the Companion Loan Holders shall be delivered to the controlling class representative for such Other Securitization
Trust to the extent that the Special Servicer receives written notice of the identity of the controlling class representative
for such Other Securitization Trust), and the Special Servicer shall reasonably cooperate with the Master Servicer and the Master
Servicer shall reasonably cooperate with the Special Servicer in preparing/delivering any such report or notice with respect to
special servicing matters.

 

If
a Companion Loan or any portion thereof or any particular payments thereon are included in a REMIC or a “grantor trust”,
then neither the Master Servicer nor the Special Servicer shall knowingly take any action that would result in the equivalent
of an Adverse REMIC Event with respect to such REMIC or adversely affect the tax status of such grantor trust as a grantor trust.

 

The
parties hereto acknowledge that the Companion Loan Holders shall not (1) owe any fiduciary duty to the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer or any Certificateholder or (2) have any liability to the Trustee
or the Certificateholders for any action taken, or for refraining from the taking of any action pursuant to the Co-Lender
Agreement or the giving of any consent or for errors in judgment. Each Certificateholder, by its acceptance of a Certificate,
shall be deemed to have confirmed its understanding that the Companion Loan Holders (i) may take or refrain from taking actions
that favor its interests or the interests of its Affiliates over the Certificateholders, (ii) may have special relationships
and interests that conflict with the interests of the Certificateholders and shall be deemed to have agreed to take no action
against the Companion Loan Holders or any of their respective officers, directors, employees, principals or agents as a result
of such special relationships or conflicts, and (iii) shall not be liable by reason of its having acted or refrained from
acting solely in its interest or in the interest of its Affiliates.

 

The
parties hereto recognize and acknowledge the respective rights of the Companion Loan Holder under the Co-Lender Agreement.
Each of the rights of the Companion Loan Holders under or contemplated by this Section 3.31(e) may be exercisable
by a designee thereof on its behalf; provided that the Master Servicer, the Special Servicer, the Certificate Administrator
and the Trustee are provided with written notice by the Companion Loan Holders of such designation (upon which such party may
conclusively rely) and the contact details of the designee.

 

Notwithstanding
anything herein or in the Co-Lender Agreement to the contrary, no direction or objection by the Companion Loan Holders may
require or cause the Master Servicer or the Special Servicer, as applicable, to violate any provision of any Loan Agreement, applicable
law, this Agreement, the Co-Lender Agreement or the REMIC Provisions, including without limitation the Master Servicer’s
or Special Servicer’s obligation to act in accordance with the Servicing Standard, or expose the Master Servicer, the Special
Servicer, the Depositor, a Trust Loan Seller, the Paying Agent, the Trust Fund, the Certificate Administrator or the Trustee to
liability, or materially expand the scope of the Master Servicer’s or Special Servicer’s responsibilities hereunder.

 

Any
reference to servicing of the Trust Loan or the Whole Loan in accordance with any of the related Loan Documents (including the
related Note and Mortgage) shall also mean, in the case of the Companion Loans, in accordance with the Co-Lender Agreement.

 

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To
the extent not otherwise expressly included herein, any provisions required to be included herein pursuant to the Co-Lender
Agreement are deemed incorporated herein by reference, and the parties hereto shall comply with those provisions as if set forth
herein in full.

 

For
purposes of exercising any rights that the Directing Holder of the Trust Loan Note for any Trust Loan may have under the Co-Lender
Agreement, the Directing Holder shall be the designee of the Trust, as such noteholder, and the Trustee shall, upon request, take
such actions as may be necessary under the Co-Lender Agreement to effect such designation. Unless already provided through
the Distribution Date Statement, the Certificate Administrator shall provide notice of the identity of the Directing Holder (to
the extent the Certificate Administrator has received notice of a change in the identity of the Directing Holder), to the other
parties to the Co-Lender Agreement, to the extent the identity and contact information of such parties to such Co-Lender
Agreement are actually known to the Certificate Administrator.

 

(f)          
With respect to the Trust Loan, the Master Servicer or the Special Servicer, as applicable, shall provide each Companion Loan
Holder within the same time frame and to the same extent it is required to provide such information and materials to the Certificateholders
or the Directing Holder, as applicable, hereunder with (1) copies of each financial statement received by the Master Servicer
pursuant to the terms of the related Loan Documents, (2) copies of any notice of default sent to the Borrower and (3) subject
to the terms of the Loan Documents, copies of any other documents or information relating to the Trust Loan (including, without
limitation, property inspection reports, loan servicing statements, Borrower requests and asset status reports) that the Master
Servicer delivers to the related Directing Holder and copies of any other notice, information or report that it is required to
provide to the Directing Holder pursuant to this Agreement with respect to any Major Decision or with respect to any “Major
Decisions” or “major actions” as set forth in the related Co-Lender Agreement or the implementation of any
recommended actions outlined in an Asset Status Report relating to the Trust Loan. Any copies to be furnished by the Master Servicer
or the Special Servicer may be furnished by hard copy or electronic means, provided, however, CREFC®
reports shall be delivered at the times set forth in Section 3.13 in this Agreement.

 

(g)          With respect to the Whole Loan, if any Companion Loan becomes the subject of an “asset review” (or such analogous
term defined in the related Other Pooling and Servicing Agreement) pursuant to the related Other Pooling and Servicing Agreement,
the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator and the Custodian shall reasonably cooperate
with the Other Asset Representations Reviewer or any other party to the Other Pooling and Servicing Agreement in connection with
such asset review by providing the Other Asset Representations Reviewer or such other requesting party with copies of any documents
reasonably requested by the Other Asset Representations Reviewer or such other requesting party, but only to the extent that (i) such
asset representations reviewer or such other requesting party has not been able to obtain such documents from the related mortgage
loan seller or any party to the related Other Pooling and Servicing Agreement, and (ii) such documents are in the possession
of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or the Custodian, as the case may be.
For the avoidance of doubt, none of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or the
Custodian (i) shall have any further obligations with respect to any asset review nor shall any such party be bound by the
results of any asset review, or (ii) shall be obligated to provide such documents if providing

 

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such documents, in its reasonable
determination, would be a violation of this Agreement or any related intercreditor agreement.

 

ARTICLE
IV

DISTRIBUTIONS TO CERTIFICATEHOLDERS

 

Section 4.01    
Distributions. (a) On each Distribution Date, amounts held in the Lower-Tier Distribution Account shall be withdrawn (to
the extent of the Aggregate Available Funds, including or reduced by, to the extent required by Section 3.05(f) of
this Agreement, the Withheld Amounts and Prepayment Charges) in the case of all Classes of Lower-Tier Regular Interests (such
amount, the “Lower-Tier Distribution Amount”). Each Class of Lower-Tier Regular Interests shall be deemed to
have received interest at its related Pass-Through Rate on its Lower-Tier Principal Balance outstanding immediately prior to the
related Distribution Date in accordance with the next sentence and distributions in respect of principal in an amount equal to
the amount of principal actually distributable to its respective Corresponding Certificates as provided in Section 4.01(b) of this Agreement. Distributions of interest made in respect of any Class of Non-VRR Certificates and the VRR Interest on
each Distribution Date pursuant to Section 4.01(b) or Section 9.01 of this Agreement shall be deemed to
have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of its Corresponding Lower-Tier Regular
Interest set forth in the Preliminary Statement to this Agreement; provided that the Class LA and Class LB Interests
shall be deemed to have received distributions in respect of interest in an amount equal to the Interest Distribution Amount and
Class Interest Shortfalls in respect of the Class X Certificates, to the extent actually distributable thereon as provided in
Section 4.01(b) of this Agreement.

 

All
distributions of reimbursements of Realized Losses or VRR Realized Losses, as applicable, made in respect of any Class of Offered
Principal Balance Certificates or the VRR Interest on each Distribution Date pursuant to Section 4.01(b) of this Agreement
shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in a manner such that the Lower-Tier
Principal Balance of each of the Class LA, Class LB, Class LC, Class LD and Class LE Interests equals the Certificate Balance
of the Corresponding Certificates.

 

The
Certificate Administrator shall be deemed to deposit the Lower-Tier Distribution Amount, Prepayment Charges and Withheld Amounts
distributable to the Lower-Tier Regular Interests pursuant to Section 4.01(b) into the Upper-Tier Distribution Account.
Any amount in respect of the Trust Loan that remains in the Lower-Tier Distribution Account on each Distribution Date after the
deemed distribution described in the preceding sentence shall be distributed to the Holders of the Class LR Certificates
(but only to the extent of such amount for such Distribution Date remaining in the Lower-Tier Distribution Account, if any).

 

(b)          On each Distribution Date the Certificate Administrator shall withdraw from the Upper-Tier Distribution Account the amounts deposited
in the Upper-Tier Distribution Account in respect of such Distribution Date pursuant Section 4.01(a) of this Agreement,
and distribute such amount to the Holders of the Non-VRR Certificates and the Residual Certificates in the amounts and in the
order of priority set forth below:

 

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(i)           
First, to the Class A and Class X Certificates, in respect of interest, up to an amount equal to, and pro rata
in accordance with, the respective Interest Distribution Amounts of such Classes;

 

(ii)          
Second, to the Class A and Class X Certificates, in respect of interest, up to an amount equal to, and pro rata
in accordance with, the respective Class Interest Shortfalls for such Classes;

 

(iii)         Third,
to the Class A Certificates, in reduction of the Certificate Balance thereof, an amount up to the Non-VRR Principal Distribution
Amount for such Distribution Date, until the Certificate Balance of such Class is reduced to zero;

 

(iv)         Fourth, to the Class A Certificates, for the unreimbursed amounts of Non-VRR Realized Losses, if any, up to an amount
equal to the aggregate of such unreimbursed Non-VRR Realized Losses previously allocated to such Class;

 

(v)          
Fifth, to the Class B Certificates, in respect of interest, up to an amount equal to the Interest Distribution Amount
of such Class;

 

(vi)         Sixth, to the Class B Certificates, in respect of interest, up to an amount equal to the Class Interest Shortfall
for such Class;

 

(vii)        Seventh, to the Class B Certificates, in reduction of the Certificate Balance thereof, an amount up to the Non-VRR
Principal Distribution Amount less the portion of the Non-VRR Principal Distribution Amount distributed pursuant to all prior
clauses, until the Certificate Balance of such Class is reduced to zero;

 

(viii)       Eighth, to the Class B Certificates, for the unreimbursed amounts of Non-VRR Realized Losses, if any, up to an amount
equal to the aggregate of such unreimbursed Non-VRR Realized Losses previously allocated to such Class;

 

(ix)          Ninth, to the Class C Certificates, in respect of interest, up to an amount equal to the Interest Distribution Amount
of such Class;

 

(x)          
Tenth, to the Class C Certificates, in respect of interest, up to an amount equal to the Class Interest Shortfall
for such Class;

 

(xi)          Eleventh, to the Class C Certificates, in reduction of the Certificate Balance thereof, an amount up to the Non-VRR
Principal Distribution Amount less the portion of the Non-VRR Principal Distribution Amount distributed pursuant to all prior
clauses, until the Certificate Balance of such Class is reduced to zero;

 

(xii)         Twelfth, to the Class C Certificates, for the unreimbursed amounts of Non-VRR Realized Losses, if any, up to an amount
equal to the aggregate of such unreimbursed Non-VRR Realized Losses previously allocated to such Class;

 

(xiii)        Thirteenth, to the Class D Certificates, in respect of interest, up to an amount equal to the Interest Distribution
Amount of such Class;

 

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(xiv)       Fourteenth, to the Class D Certificates, in respect of interest, up to an amount equal to the Class Interest Shortfall
for such Class;

 

(xv)        Fifteenth, to the Class D Certificates, in reduction of the Certificate Balance thereof, an amount up to the Non-VRR
Principal Distribution Amount less the portion of the Non-VRR Principal Distribution Amount distributed pursuant to all prior
clauses, until the Certificate Balance of such Class is reduced to zero;

 

(xvi)       Sixteenth, to the Class D Certificates, for the unreimbursed amounts of Non-VRR Realized Losses, if any, up to an
amount equal to the aggregate of such unreimbursed Non-VRR Realized Losses previously allocated to such Class;

 

(xvii)      Seventeenth, to the Class E Certificates, in respect of interest, up to an amount equal to the Interest Distribution
Amount of such Class;

 

(xviii)     Eighteenth, to the Class E Certificates, in respect of interest, up to an amount equal to the Class Interest Shortfall
for such Class;

 

(xix)        Nineteenth, to the Class E Certificates, in reduction of the Certificate Balance thereof, an amount up to the Non-VRR
Principal Distribution Amount less the portion of the Non-VRR Principal Distribution Amount distributed pursuant to all prior
clauses, until the Certificate Balance of such Class is reduced to zero;

 

(xx)         Twentieth, to the Class E Certificates, for the unreimbursed amounts of Non-VRR Realized Losses, if any, up to an
amount equal to the aggregate of such unreimbursed Non-VRR Realized Losses previously allocated to such Class;

 

(xxi)        Twenty-first, to the Class F Certificates, in respect of interest, up to an amount equal to the Interest Distribution
Amount of such Class;

 

(xxii)       Twenty-second, to the Class F Certificates, in respect of interest, up to an amount equal to the Class Interest Shortfall
for such Class;

 

(xxiii)      Twenty-third, to the Class F Certificates, in reduction of the Certificate Balance thereof, an amount up to the Non-VRR
Principal Distribution Amount less the portion of the Non-VRR Principal Distribution Amount distributed pursuant to all prior
clauses, until the Certificate Balance of such Class is reduced to zero;

 

(xxiv)      Twenty-fourth, to the Class F Certificates, for the unreimbursed amounts of Non-VRR Realized Losses, if any, up to
an amount equal to the aggregate of such unreimbursed Non-VRR Realized Losses previously allocated to such Class; and

 

(xxv)       Twenty-fifth, when the Certificate Balances of all Classes of Principal Balance Certificates have been reduced to zero
and after payment in full of all unpaid expenses of the Trust, to the Class R and Class LR Certificates.

 

(xxvi)      All references to “pro rata” in the preceding clauses with respect to interest and Class Interest Shortfalls
shall mean pro rata based on the amount distributable pursuant to such clauses, with respect to distribution of principal
other than for unreimbursed

 

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Realized Losses shall mean pro rata based on Certificate Balance and with respect to distributions
with respect to unreimbursed Realized Losses shall mean pro rata based on the amount of unreimbursed Realized Losses previously
allocated to the applicable Classes.

 

(c)          
On each Distribution Date, to the extent of VRR Available Funds for such Distribution Date, the Certificate Administrator shall
withdraw from the Upper-Tier Distribution Account the amounts deposited in the Upper-Tier Distribution Account in respect of such
Distribution Date pursuant to Section 4.01(a) of this Agreement, and distribute such amounts to the VRR Interest Owners
for the following purposes and in the following order of priority:

 

(i)           
First, to the VRR Interest, in respect of interest, up to an amount equal to the VRR Interest Distribution Amount for such
Distribution Date;

 

(ii)           Second,
to the VRR Interest, in respect of interest, up to an amount equal to the VRR Interest Shortfall Amount for such Distribution
Date;

 

(iii)          Third, to the VRR Interest, in reduction of the Certificate Balance thereof, up to an amount equal to the VRR Principal
Distribution Amount for such Distribution Date, until the VRR Interest Balance of the VRR Interest has been reduced to zero; and

 

(iv)         Fourth, to the VRR Interest, up to an amount equal to the unreimbursed VRR Realized Losses previously allocated to the
VRR Interest, if any.

 

To
the extent any VRR Available Funds remain in the Upper-Tier REMIC Distribution Account after applying amounts as set forth in
clauses (i) - (iv) above, any such amounts so remaining shall be disbursed to the Holders of the Class R and Class LR Certificates
which evidence the REMIC residual interest.

 

(d)          On each Distribution Date, following the distribution from the Lower-Tier Distribution Account in respect of the Lower-Tier Regular
Interests pursuant to Section 4.01(a) of this Agreement, the Certificate Administrator shall make distributions of any
Prepayment Charges received in the related Collection Period from amounts deposited in the Upper-Tier Distribution Account pursuant
to Section 3.05(c) of this Agreement, as follows:

 

(i)          
The Non-VRR Percentage of such Prepayment Charges (“Non-VRR Prepayment Charges”) shall be distributed to (i)
the holders of the Class A, Class B, Class C, Class D, Class E and Class F Certificates, in an amount equal to the product of
(a) a fraction, not greater than one, the numerator of which is the amount of principal distributed to such Class on such Distribution
Date and the denominator of which is the total amount of principal distributed to the holders of the Class A, Class B, Class C,
Class D, Class E and Class F Certificates on such Distribution Date; (b) the Base Interest Fraction for the related Principal
Prepayment and such Class of Certificates; and (c) such Non-VRR Prepayment Charges, and (ii) any Non-VRR Prepayment Charges remaining
after such distributions to the Certificateholders described in clause (i) will be distributed to the Class X Certificates.

 

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(ii)          
The VRR Percentage of such Prepayment Charges shall be distributed to the VRR Interests, on a pro rata basis, based on their VRR
Interest Balances.

 

All
Prepayment Charges so distributed shall first be deemed to have been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC
in respect of the Class LA Interest whether or not the Class LA Interest has received all distributions of interest and principal
to which it is entitled.

 

(e)          
On each Distribution Date, immediately following the distributions to be made on such date pursuant to Section 4.01(b) and Section 4.01(c), the Certificate Administrator shall calculate the amount, if any, of Non-VRR Realized Losses
and VRR Realized Losses. Any allocation of Non-VRR Realized Losses to a Class of Offered Principal Balance Certificates or VRR
Realized Losses to a VRR Interest shall be made by reducing the Certificate Balance, thereof by the amount so allocated. Any Non-VRR
Realized Losses allocated to a Class of Offered Principal Balance Certificates shall be allocated among the respective Certificates
of such Class in proportion to the Percentage Interests evidenced thereby. The allocation of Non-VRR Realized Losses and VRR Realized
Losses shall constitute an allocation of losses and other shortfalls experienced by the Trust Fund. Reimbursement of previously
allocated Non-VRR Realized Losses or VRR Realized Losses will not constitute distributions of principal for any purpose and will
not result in an additional reduction in the Certificate Balance of the applicable Class or the VRR Interest Balance of the VRR
Interest, as applicable, in respect of which any such reimbursement is made.

 

The
Certificate Balances of each Class of Offered Principal Balance Certificates and the VRR Interest will be reduced without distribution
on any Distribution Date as a write-off to the extent of any Realized Losses allocated to such Class with respect to such Distribution
Date. Any Non-VRR Realized Losses allocated to the Non-VRR Certificates shall be applied to the Classes of Offered Principal Balance
Certificates in the following order, in each case until the Certificate Balance of such Class is reduced to zero: first,
to the Class F Certificates; second, to the Class E Certificates; third, to the Class D Certificates;
fourth, to the Class C Certificates; fifth, to the Class B Certificates, and finally, to the Class A
Certificates based upon their respective Certificate Balances. Any amounts recovered in respect of amounts previously written
off as Non-VRR Realized Losses shall be distributed to the Classes of Offered Principal Balance Certificates described above in
reverse order of allocation of Non-VRR Realized Losses thereto in accordance with Section 4.01(b) of this Agreement.
Additional Trust Fund Expenses and shortfalls in Aggregate Available Funds due to extraordinary expenses of the Trust Fund (including
indemnification expenses), a reduction in the Trust Loan Rate on the Trust Loan by a bankruptcy court pursuant to a plan of reorganization
or pursuant to any of its equitable powers, or otherwise, shall be treated as and allocated in the same manner as Realized Losses
and VRR Realized Losses, as applicable.

 

VRR
Realized Losses shall be allocated to each VRR Interest pro rata, based on their respective VRR Interest Balances. The
VRR Interest Balances will be reduced without distribution on any Distribution Date, as a write-off to the extent of any VRR Interest
Realized Losses allocable to the VRR Interests with respect to such Distribution Date. Any amounts recovered in respect of amounts
previously written off as VRR Realized Losses shall be distributed to the VRR Interests as set forth in Section 4.01(c).

 

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With
respect to any Distribution Date, any Non-VRR Realized Losses allocated to a Class of Offered Principal Balance Certificates and
any VRR Realized Losses allocated to the VRR Interest pursuant to Section 4.01(b) or Section 4.01(c) of
this Agreement, respectively, with respect to such Distribution Date shall reduce the Lower-Tier Principal Balances of the Lower-Tier
Regular Interests as a write-off and shall be allocated among the Lower-Tier Regular Interests in the same priority as the Class
of Corresponding Certificates.

 

(f)           
All amounts distributable to a Class of Certificates pursuant to this Section 4.01 on each Distribution Date shall
be allocated pro rata among the outstanding Certificates in each such Class based on their respective Percentage Interests.
Such distributions shall be made on each Distribution Date other than the Termination Date to each Certificateholder of record
on the related Record Date, by wire transfer of immediately available funds to the account of such Holder at a bank or other entity
located in the United States and having appropriate facilities therefor; provided that such Holder shall have provided
the Paying Agent with wire instructions in writing at least five (5) Business Days prior to the related Record Date, or, otherwise,
by check mailed by first-class mail to the address set forth therefor in the Certificate Register. The final distribution on each
Certificate shall be made in like manner, but only upon presentment and surrender of such Certificate at the office of the Certificate
Administrator or its agent (which may be the Paying Agent or the Certificate Registrar acting as such agent) that is specified
in the notice to Holders of such final distribution.

 

(g)           Except as otherwise provided in Section 9.01 with respect to an Anticipated Final Termination Date, the Certificate
Administrator shall, as soon as reasonably practicable within the month preceding the month in which the final distribution with
respect to any Class of Certificates is expected to be made, mail to each Holder of such Class of Certificates on such date a
notice to the effect that:

 

(A)       the Certificate Administrator reasonably expects based upon information previously provided to it that the final distribution
with respect to such Class of Certificates will be made on such Distribution Date, but only upon presentation and surrender of
such Certificates at the office of the Certificate Administrator therein specified, and

 

(B)        if such final distribution is made on such Distribution Date, no interest shall accrue on such Certificates from and after such
Distribution Date;

 

provided,
however, that the Class R and Class LR Certificates shall remain outstanding until there is no other Class of
Certificates or Lower-Tier Regular Interests outstanding.

 

Any
funds not distributed to any Holder or Holders of such Classes of Certificates on such Distribution Date because of the failure
of such Holder or Holders to tender their Certificates shall, on such date, be set aside and held in trust for the benefit of
the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to this Section 4.01(g) shall not have been surrendered for cancellation within six months after the time specified in such notice, the Certificate
Administrator shall mail a second notice to the remaining non-tendering Holders to surrender their Certificates for cancellation
to receive the final distribution with respect thereto. If within one year after the second notice not all of such Certificates
shall have been surrendered for cancellation, the Certificate Administrator may,

 

    -195-

     

    

 

 directly or through an agent, take appropriate
steps to contact the remaining non-tendering Holders concerning surrender of their Certificates. The costs and expenses of holding
such funds in trust and of contacting such Holders shall be paid out of such funds. If within two (2) years after the second notice
any such Certificates shall not have been surrendered for cancellation, the Paying Agent shall distribute to the Certificate Administrator
all amounts distributable to the Holders thereof, and the Certificate Administrator shall, thereafter hold such amounts for the
benefit of such Holders until the earlier of (i) its termination as Certificate Administrator hereunder and the transfer
of such amounts to a successor Certificate Administrator and (ii) the termination of the Trust Fund and distribution of such
amounts to the Class R Certificateholders. No interest shall accrue or be payable to any Holder on any amount held in trust
hereunder or by the Certificate Administrator as a result of such Holder’s failure to surrender its Certificate(s) for final
payment thereof in accordance with this Section 4.01(g). Any such amounts transferred to the Certificate Administrator
may be invested in Permitted Investments and all income and gain realized from investment of such funds shall accrue for its benefit.

 

(h)           Any shortfalls in Available Funds resulting from Excess Prepayment Interest Shortfalls shall be allocated to, and Master Servicer
Prepayment Interest Shortfall Amounts shall be deemed distributed to, (i) the VRR Interest and (ii) the Non-VRR Certificates,
in the aggregate, on a pro rata basis (based on the VRR Percentage and the Non-VRR Percentage, respectively), and the portion
allocated or deemed distributed to the Non-VRR Certificates shall be further allocated or deemed distributed to each Class of
Certificates (and correspondingly to each Class of Corresponding Lower-Tier Regular Interests) as follows: first, to the
Class F Certificates, second, to the Class E Certificates, third, to the Class D Certificates, fourth, to
the Class C Certificates, fifth, to the Class B Certificates, and finally, to the Class A Certificates and the Class
X Certificates, pro rata based on their respective Regular Interest Distribution Amounts. Master Servicer Prepayment Interest
Shortfall Amounts shall be deposited by the Master Servicer into the Collection Account on or prior to the Servicer Remittance
Date.

 

Section 4.02    
Statements to Certificateholders; Reports by Certificate Administrator; Other Information Available to the Holders and Others.
(a)  On each Distribution Date, the Certificate Administrator shall make available on the Certificate Administrator’s
Website to any Privileged Person a statement (substantially in the form set forth as Exhibit K to this Agreement and
based in part on the information set forth in (i) the CREFC® Investor Reporting Package (CREFC®
IRP) prepared by the Master Servicer (other than the CREFC® Special Servicer Loan File) and the other reports prepared
by the Master Servicer and Special Servicer relating to such Distribution Date, including the CREFC® Special Servicer
Loan File, upon which information the Certificate Administrator may conclusively rely, in accordance with CREFC®
guidelines and (ii) the CREFC® Reconciliation of Funds Template prepared by the Certificate Administrator)
as to distributions made on such Distribution Date (each, a “Distribution Date Statement”) setting forth (with
respect to each Class of Certificates) the following information:

 

(i)           
the Record Date, Certificate Interest Accrual Period, and Determination Date for such Distribution Date;

 

(ii)          
the aggregate amount of the distribution on such Distribution Date to the Holders of each Class of Non-VRR Certificates and the
VRR Interest;

 

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(iii)         
the aggregate amount of the distribution to be made on such Distribution Date to the Holders of each Class of Non-VRR Certificates
allocable to (A) the Interest Distribution Amount and/or (B) Class Interest Shortfalls;

 

(iv)         
the aggregate amount of the distribution to be made on such Distribution Date to the VRR Interest Owners allocable to (A) the
VRR Interest Distribution Amount and/or (B) VRR Interest Shortfall Amount;

 

(v)          
the aggregate amount of Advances made in respect of the Distribution Date and the amount of interest paid on Advances since the
prior Distribution Date (including, to the extent material, the general use of funds advanced and general source of funds for
reimbursements);

 

(vi)          the aggregate amount of compensation paid to the Trustee and the Certificate Administrator and servicing compensation paid to
the Master Servicer and the Special Servicer for the related Determination Date, CREFC® and any other fees or expenses accrued
and paid from the Trust Fund;

 

(vii)         the Stated Principal Balance of the Trust Loan or REO Loan and the Companion Loans outstanding immediately before and immediately
after the Distribution Date;

 

(viii)        the remaining term to maturity and mortgage rate of the Trust Loan as of the related Determination Date;

 

(ix)          
whether the Trust Loan is (A) delinquent 30-59 days, (B) delinquent 60-89 days, (C) delinquent 90 days or more, or (D) current,
but is a Specially Serviced Loan or in foreclosure (but not an REO Loan);

 

(x)          
 the Aggregate Available Funds, Non-VRR Interest Available Funds and VRR Interest Available Funds for the Distribution Date, and
any other cash flows received on the Trust Loan and applied to pay fees and expenses (including the components of the Aggregate
Available Funds or such other cash flows);

 

(xi)          
the amount of the distribution on the Distribution Date to the Holders of any Class of Certificates and the VRR Interests allocable
to Prepayment Charges;

 

(xii)          the accrued Interest Distribution Amount in respect of each Class of Non-VRR Certificates for such Distribution Date;

 

(xiii)         the accrued VRR Interest Distribution Amount in respect of the VRR Interests for such Distribution Date;

 

(xiv)         the Pass-Through Rate for each Class of Non-VRR Certificates for the Distribution Date;

 

(xv)         
(A) the Non-VRR Interest Principal Distribution Amount for the Distribution Date and (B) the portion of the Non-VRR Interest Principal
Distribution

 

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 Amount distributed to each Class of Offered Principal Balance Certificates for the Distribution Date;

 

(xvi)        (A) the VRR Interest Principal Distribution Amount for the Distribution Date and (B) the portion of the VRR Interest Principal
Distribution Amount distributed to each of the VRR Interests for the Distribution Date;

 

(xvii)        the aggregate Certificate Balance or aggregate Notional Amount, as the case may be, of each Class of Non-VRR Certificates, before
and after giving effect to the distributions made on such Distribution Date, separately identifying any reduction in the aggregate
Certificate Balance (or, if applicable, the aggregate Notional Amount) of each such Class due to Realized Losses and/or Additional
Trust Fund Expenses;

 

(xviii)       the VRR Interest Balance of the VRR Interests, before and after giving effect to the distributions made on such Distribution Date,
separately identifying any reduction in the VRR Interest Balance due to VRR Interest Realized Losses and/or Additional Trust Fund
Expenses;

 

(xix)         the fraction, expressed as a decimal carried to at least eight places, the numerator of which is the then related Certificate
Balance or VRR Interest Balance, and the denominator of which is the related initial Certificate Balance or Initial VRR Interest
Balance, as applicable, for each Class of Non-VRR Certificates and each VRR Interest, respectively, immediately following the
Distribution Date;

 

(xx)         
the amount of any Appraisal Reduction Amounts and Collateral Deficiency Amounts allocated during the related Collection Period
and the total Appraisal Reduction Amounts and Collateral Deficiency Amounts as of such Distribution Date;

 

(xxi)         a statement as to whether the Trust Loan was modified, extended or waived during the related Collection Period (including a description
of any material modifications, extensions or waivers to Trust Loan terms, fees, penalties or payments during the Collection Period
or that have cumulatively become material over time);

 

(xxii)        the amount of any remaining unpaid Class Interest Shortfalls for each Class of Non-VRR Certificates as of the Distribution Date;

 

(xxiii)       the amount of any remaining unpaid VRR Interest Shortfall Amount as of the Distribution Date;

 

(xxiv)       a statement as to whether the Trust Loan was the subject of a Principal Prepayment (other than Liquidation Proceeds and Insurance
Proceeds) during the related Collection Period and the amount of Principal Prepayment occurring, together with the aggregate amount
of Principal Prepayments made during the related Collection Period;

 

(xxv)        a statement as to whether the Trust Loan was defeased during the related Collection Period;

 

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(xxvi)       the amount of the distribution to the holders of each Class of Certificates and the VRR Interests on the Distribution Date attributable
to reimbursement of Realized Losses;

 

(xxvii)      if any portion of the Trust Loan was repurchased by a Trust Loan Seller or the Trust Loan was otherwise liquidated or disposed
of during the related Collection Period, the amount of proceeds of any repurchase of the Trust Loan, Liquidation Proceeds and/or
other amounts, if any, received thereon during the related Collection Period and the portion thereof included in the Aggregate
Available Funds for such Distribution Date;

 

(xxviii)     the amount on deposit in the Interest Reserve Account before and after giving effect to the distribution made on such Distribution
Date;

 

(xxix)        the then-current credit support levels for each Class of Offered Principal Balance Certificates and the VRR Interest;

 

(xxx)         the original and then-current ratings of each Class of Certificates;

 

(xxxi)        if the Mortgaged Property becomes an REO Property during the preceding calendar month, the latest Debt Service Coverage Ratio
and the current Stated Principal Balance;

 

(xxxii)       if the Mortgaged Property became REO Property during the preceding calendar month, the value of any REO Property included in the
Trust Fund at the close of business on the Determination Date based on the most recent appraisal;

 

(xxxiii)      with respect to any REO Property sold or otherwise disposed of during the related Collection Period and for which a Final Recovery
Determination has been made, (A) the Realized Loss and VRR Interest Realized Loss attributable to the Trust Loan, (B) the amount
of sale proceeds and other amounts, if any, received in respect of such REO Property during the related Collection Period and
the portion thereof included in the Aggregate Available Funds for such Distribution Date and (C) the date of the Final Recovery
Determination;

 

(xxxiv)     the amount of the distribution on the Distribution Date to the holders of the Residual Certificates;

 

(xxxv)      material breaches of Trust Loan representations and warranties or any covenants of which the Certificate Administrator, the Trustee,
the Master Servicer or the Special Servicer has received written notice;

 

(xxxvi)     the amount of Realized Losses and VRR Interest Realized Losses, Additional Trust Fund Expenses and Class Interest Shortfalls,
if any, incurred with respect to the Trust Loan during the related Collection Period and in the aggregate for all prior Collection
Periods (except to the extent reimbursed or paid);

 

(xxxvii)    an itemized listing of any Disclosable Special Servicer Fees received by the Special Servicer or any of its Affiliates during
the related Collection Period;

 

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(xxxviii)   the identity of the Controlling Class;

 

(xxxix)      the identity of the Directing Holder;

 

(xl)          
 the amount of any CREFC® License Fee payable on such Distribution Date.

 

In
the case of information furnished pursuant to sub-clauses (ii), (iii), (iv), (vii), (xi), (xiii),
(xix), (xi) and (xxi) above, the amounts shall be expressed as a dollar amount in the aggregate for all Certificates
of each applicable Class and per $1,000 of original Certificate Balance or Notional Amount, as the case may be.

 

On
each Distribution Date, the Certificate Administrator shall make available to each Holder of a Class R or Class LR Certificate
a copy of the reports made available to the other Certificateholders on such Distribution Date and a statement setting forth the
amounts, if any, actually distributed with respect to the Class R or Class LR Certificates on such Distribution Date.
Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that it provided substantially
comparable information pursuant to any requirements of the Code as from time to time in force.

 

Within
a reasonable period of time after the end of each calendar year, the Certificate Administrator shall furnish, upon request, to
each Person who at any time during the calendar year was a Certificateholder of record, a report summarizing on an annual basis
(if appropriate) the items provided to Certificateholders pursuant to clauses (i) and (ii) above as to the applicable
Class, aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder, together
with such other information as may be required to enable such Certificateholders to prepare their federal income tax returns.
Such information shall include the amount of original issue discount accrued on each Class of Certificates held by Persons other
than Holders exempted from the reporting requirements and information regarding the expenses of the Trust Fund. Such requirement
shall be deemed to be satisfied to the extent such information is provided pursuant to applicable requirements of the Code from
time to time in force.

 

On
each Distribution Date, the Certificate Administrator shall deliver the related Distribution Date Statement to the Depositor in
electronic format at dbinvestor@list.db.com (or to such other address as the Depositor shall specify by written notice to the
Certificate Administrator).

 

(b)           The Certificate Administrator shall make available via the Certificate Administrator’s Website, to any Privileged Person,
the following items, in each case to the extent received by the Certificate Administrator:

 

(i)          
  the following “deal documents”:

 

(A)       the Offering Circular;

 

(B)        this Agreement, each Sub-Servicing Agreement delivered to the Certificate Administrator from and after the Closing Date (if any),
the Trust Loan Purchase Agreements and any amendments and exhibits hereto or thereto; and

 

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(C)        the CREFC® Loan Setup File prepared by the Master Servicer and delivered to the Certificate Administrator;

 

(ii)          
the following “periodic reports”:

 

(A)       the Distribution Date Statements; and

 

(B)        the supplemental reports and the CREFC® data files (other than the CREFC® Loan Setup File and the
CREFC® Special Servicer Loan File) identified as such in the definition of “CREFC® Investor
Reporting Package (CREFC® IRP)”, to the extent it has received or prepared such report or file;

 

(iii)          the following “additional documents”:

 

(A)       the summary of any Asset Status Report delivered to the Certificate Administrator in electronic format;

 

(B)        any other Third Party Reports (or updates thereto) delivered to the Certificate Administrator in electronic format; and

 

(C)        the CREFC® Appraisal Reduction Template;

 

(iv)          the following “special notices”:

 

(A)       all Special Notices;

 

(B)        notice of any waiver, modification or amendment of any term of the Trust Loan;

 

(C)        notice of final payment on the Certificates;

 

(D)       all notices of the occurrence of any Servicer Termination Events received by the Certificate Administrator;

 

(E)        notice of termination or resignation of the Master Servicer, the Special Servicer or the Trustee (and appointments of successors
to the Master Servicer, the Special Servicer or the Trustee);

 

(F)        any and all Officer’s Certificates and other evidence delivered to the Certificate Administrator supporting the Master Servicer’s,
the Trustee’s or the Special Servicer’s, as the case may be, determination that any Advance was (or, if made, would
be) a Nonrecoverable Advance;

 

(G)        any notice of the termination of the Trust;

 

(H)        any notice of the termination of a Subordinate Control Period;

 

(I)         
any notice of the termination of a Subordinate Consultation Period;

 

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(J)         the annual assessments as to compliance (in the case of the Master Servicer and the Special Servicer) and the Officer’s
Certificates delivered by the Master Servicer and the Special Servicer to the Certificate Administrator since the Closing Date
pursuant to Section 3.28 of this Agreement; and

 

(K)        the annual independent public accountants’ servicing report caused to be delivered by the Master Servicer and the Special
Servicer to the Certificate Administrator since the Closing Date pursuant to Section 3.28 of this Agreement;

 

(v)          
the Investor Q&A Forum;

 

(vi)          solely to Certificateholders and Beneficial Owners, the Investor Registry; and

 

(vii)         the “U.S. Risk Retention Special Notices” tab.

 

The
Certificate Administrator may require a receipt of any of the information set forth above to execute a confidentiality agreement
(which may be in the form of a web page “click through”).

 

Any
Person (including the Directing Holder or any Controlling Class Certificateholder) that is a Borrower Related Party shall only
be entitled to access the Distribution Date Statements, and the following items to the extent that they are made available to
the general public on the Certificate Administrator’s Website: this Agreement, the Trust Loan Purchase Agreements and any
SEC filings.

 

In
the case of the Risk Retention Consultation Party, upon delivery of an investor certification substantially in the form of Exhibit L-1-A hereto, such Risk Retention Consultation Party shall be entitled to access all information on the Certificate Administrator’s
Website.

 

In
the case of the Directing Holder or a Controlling Class Certificateholder that is not a Borrower Related Party, upon delivery
of an investor certification substantially in the form of Exhibit L-1-A hereto, such Directing Holder or Controlling
Class Certificateholder shall be entitled to access all information on the Certificate Administrator’s Website. The Master
Servicer, the Special Servicer, the Certificate Administrator and the Trustee may each conclusively rely on (i) an investor
certification in the form of Exhibit L-1-A hereto from the Directing Holder or a Controlling Class Certificateholder
to the effect that such Person is not a Borrower Related Party or is a Risk Retention Consultation Party and (ii) an investor
certification in the form of Exhibit L-1-B hereto from the Directing Holder or a Controlling Class Certificateholder
to the effect that such Person is a Borrower Related Party. In the event the Directing Holder or a Controlling Class Certificateholder
becomes a Borrower Related Party, such party shall promptly notify each of the Master Servicer, the Special Servicer, the Certificate
Administrator and the Trustee in writing substantially in the form of Exhibit L-1-D that such party is a Borrower
Related Party. Notwithstanding anything herein to the contrary, each of the Master Servicer, the Special Servicer and the Certificate
Administrator shall be entitled to conclusively assume that the Directing Holder and all beneficial owners of the Certificates
of the Controlling Class are not Conflicted Controlling Class Holders except to the extent that the Master Servicer, the Special
Servicer or the Certificate Administrator, as applicable, has received such notice from the

 

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 Directing Holder or a Controlling
Class Certificateholder that it has become a Borrower Related Party. None of the Master Servicer, the Special Servicer or the
Certificate Administrator shall be liable for any communication to the Directing Holder or Controlling Class Certificateholder
or disclosure of Privileged Information if the Master Servicer, the Special Servicer or the Certificate Administrator, as applicable,
did not receive prior written notice that the Directing Holder or a Controlling Class Certificateholder is a Borrower Related
Party.

 

To
the extent the Directing Holder or a Controlling Class Certificateholder receives access pursuant to this Agreement to the Certificate
Administrator’s Website as a Privileged Person, such Directing Holder or Controlling Class Certificateholder shall be deemed
to have agreed that it (i) will not directly or indirectly provide any information to the Borrowers or to any Conflicted
Controlling Class Holder or (A) any employees or personnel of such Directing Holder or Controlling Class Certificateholder
or any Affiliate involved in the management of any investment in the Borrowers or the Mortgaged Property or (B) to its actual
knowledge, any non-Affiliate that holds a direct or indirect ownership interest in the Borrowers, and (ii) will maintain
sufficient internal controls and appropriate policies and procedures in place in order to comply with the obligations described
in clause (i) above.

 

The
Certificate Administrator makes no representations or warranties as to the accuracy or completeness of such information and assumes
no responsibility therefor. In addition, the Certificate Administrator may disclaim responsibility for any information distributed
by the Certificate Administrator for which it is not the original source. The Certificate Administrator shall not be responsible
for the accuracy or completeness of any information supplied to it by the Master Servicer or Special Servicer that is included
in any reports, statements, materials or information prepared or provided by the Master Servicer or Special Servicer, as applicable,
and the Certificate Administrator shall be entitled to conclusively rely upon the Master Servicer’s reports and the Special
Servicer’s reports without any duty or obligation to recompute, verify or re-evaluate any of the amounts or other information
stated therein. In connection with providing access to the Certificate Administrator’s website, the Certificate Administrator
may require registration and the acceptance of a disclaimer. The Certificate Administrator shall not be liable for the dissemination
of information in accordance herewith. The Certificate Administrator has not obtained and shall not be deemed to have obtained
actual knowledge of any information only by virtue of its receipt and posting of such information to the Certificate Administrator’s
website or its filing of such information pursuant to this Agreement.

 

The
Certificate Administrator shall have no any liability for access by a Conflicted Controlling Class Holder to the Certificate Administrator’s
Website of any information with respect to which such Conflicted Controlling Class Holder is prohibited from accessing pursuant
to this Agreement if such Conflicted Controlling Class Holder provided an Investor Certification but did not indicate it was a
Borrower Related Party.

 

The
provisions in this Section shall not limit the Master Servicer’s ability to make accessible certain information regarding
the Trust Loan at a website maintained by the Master Servicer. In providing access to any information, the Master Servicer shall
be entitled to rely on the certifications delivered to it pursuant to and in accordance with the terms of this Agreement. The
Master Servicer shall not be liable for the dissemination of information in accordance with this Agreement.

 

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(c)          
The Certificate Administrator shall make available, only to Privileged Persons, the Investor Q&A Forum. The “Investor
Q&A Forum” shall be a service available on the Certificate Administrator’s Website, where (i) Certificateholders
and Beneficial Owners may (a) submit questions to the Certificate Administrator relating to the Distribution Date Statement
and (b) submit questions to the Master Servicer or the Special Servicer, as applicable, relating to the reports being made
available pursuant to this Section 4.02(c), the Trust Loan or the Mortgaged Property (collectively, “Inquiries”),
and (ii) Privileged Persons may view Inquiries that have been previously submitted and answered, together with the answers
thereto. Upon receipt of an Inquiry for the Master Servicer or the Special Servicer, the Certificate Administrator shall forward
the Inquiry to the Master Servicer or the Special Servicer, as applicable, in each case within a commercially reasonable period
following receipt thereof. Following receipt of an Inquiry, the Certificate Administrator, the Master Servicer or the Special
Servicer, as applicable, unless it determines not to answer such Inquiry as provided below, shall reply to the Inquiry, which
reply of the Master Servicer or Special Servicer shall be sent by email to the Certificate Administrator. The Certificate Administrator
shall post (within a commercially reasonable period following preparation or receipt of such answer, as the case may be) such
Inquiry and the related answer to the Investor Q&A Forum. If the Certificate Administrator, the Master Servicer or the Special
Servicer determines, in its respective sole discretion, that (i) any Inquiry is beyond the scope outlined above, (ii) answering
any Inquiry would not be in the best interests of the Trust, the Certificateholders (as a collective whole as if such Certificateholders
constituted a single lender), (iii) answering any Inquiry would be in violation of applicable law, this Agreement or the
Loan Documents, (iv) answering any Inquiry would or is reasonably expected to result in a waiver of an attorney-client privilege
or the disclosure of attorney work product, (v) answering any Inquiry would materially increase the duties of, or result
in significant additional cost or expense to, the Certificate Administrator, the Master Servicer or the Special Servicer, as applicable,
or (vi) answering any Inquiry is otherwise for any reason not advisable to answer, it shall not be required to answer such
Inquiry, in which case the Certificate Administrator shall not post the related inquiry. In addition, no party shall post or otherwise
disclose information known to such party to be Privileged Information as part of its response to any Inquiry without the prior
written consent of the Depositor. The Certificate Administrator shall notify the Person who submitted such Inquiry in the event
that the Inquiry will not be answered. The Certificate Administrator shall not be required to post to the Investor Q&A Forum
any Inquiry or answer thereto that the Certificate Administrator determines, in its sole discretion, is administrative or ministerial
in nature. The Special Servicer shall not post or otherwise disclose direct communications with the Directing Holder or any Risk
Retention Consultation Party as part of its response to any Inquiries; provided that the Certificate Administrator shall
have no obligation to review any inquiry or answer received by it for posting to the Investor Q&A Forum to determine if such
inquiry or answer contains any such direct communication with the Directing Holder, or otherwise to consult with the party from
whom such Inquiry or answer is received to confirm the same, and the Certificate Administrator shall have no liability in connection
with its posting to the Investor Q&A Forum of any Inquiry or answer containing such direct communication. The Investor Q&A
Forum will not reflect questions, answers and other communications between the Certificate Administrator or any other Person which
are not submitted via the Investor Q&A Forum.

 

(d)           The Certificate Administrator shall make available to any Certificateholder and Beneficial Owner, the Investor Registry. The “Investor
Registry” shall be a voluntary service available on the Certificate Administrator’s Website, where Certificateholders
and Beneficial

 

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 Owners can register and thereafter obtain contact information with respect to any other Certificateholder or Beneficial
Owner that has so registered. Any person registering to use the Investor Registry will be required to certify that (a) it
is a Certificateholder or a Beneficial Owner and (b) it grants authorization to the Certificate Administrator to make its
name and contact information available on the Investor Registry for at least 45 days from the date of such certification to other
registered Certificateholders and registered Beneficial Owners. Such Person shall then be asked to enter certain mandatory fields
such as the individual’s name, the company name and email address, as well as certain optional fields such as address, phone,
and Class(es) of Certificates owned. If any Certificateholder or Beneficial Owner notifies the Certificate Administrator that
it wishes to be removed from the Investor Registry (which notice may not be within 45 days of its registration), the Certificate
Administrator shall promptly remove it from the Investor Registry. The Certificate Administrator shall not be responsible for
verifying or validating any information submitted on the Investor Registry, or for monitoring or otherwise maintaining the accuracy
of any information thereon. The Certificate Administrator may require acceptance of a waiver and disclaimer for access to the
Investor Registry.

 

(e)          
The Master Servicer may, but is not required to, at its sole cost and expense, make any of the reports or files it delivers pursuant
to this Agreement available on the Master Servicer’s Website only with the use of a password, in which case the Master Servicer
shall provide such password to (i) the other parties to this Agreement, who by their acceptance of such password shall be
deemed to have agreed not to disclose such password to any other Person and (ii) each Certificateholder and prospective Certificateholder
who requests such password, provided that any such Certificateholder or prospective Certificateholder, as the case may
be, has delivered an Investor Certification to the Trustee, the Certificate Administrator and the Master Servicer. In connection
with providing access to the Master Servicer’s Website, the Master Servicer may require registration and the acceptance
of a disclaimer and otherwise (subject to the preceding sentence) adopt reasonable rules and procedures, which may include, to
the extent the Master Servicer deems necessary or appropriate, conditioning access on execution of an agreement governing the
availability, use and disclosure of such information, and which may provide indemnification to the Master Servicer for any liability
or damage that may arise therefrom. The Master Servicer shall not be liable for dissemination of this information in accordance
with this Agreement; provided that such information otherwise meets the requirements set forth herein with respect to the
form and substance of such information or reports. The Master Servicer shall be entitled to attach to any report provided pursuant
to this subsection, any reasonable disclaimer with respect to information provided, or any assumptions required to be made by
such report. Notwithstanding anything herein to the contrary, the Master Servicer may, at its sole cost and expense, make available
by electronic media, bulletin board service or Internet website any reports or other information the Master Servicer is required
or permitted to provide to the Borrower with respect to the Borrower’s Whole Loan to the extent such action does not conflict
with the terms of this Agreement, the terms of the Loan Documents or applicable law. If the Master Servicer is required to deliver
any statement, report or other information under any provision of this Agreement, then, the Master Servicer may satisfy such obligation
by (x) physically delivering a paper copy of such statement, report or information, (y) delivering such statement, report
or information in a commonly used electronic format, or (z) making such statement, report or information available on the
Master Servicer’s Website, unless this Agreement expressly specifies a particular method of delivery; provided that
all reports required to be delivered to the Certificate Administrator shall be delivered in accordance with clause (x) or (y) or, upon request, clause (z).

 

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(f)           
The Special Servicer shall from time to time (and, in any event, as may be reasonably required by the Master Servicer) provide
the Master Servicer with such information in its possession regarding a Specially Serviced Loan or an REO Property as may
be reasonably necessary for the Master Servicer to prepare each report and any supplemental information to be provided by the
Master Servicer to the Certificate Administrator. Neither the Certificate Administrator nor the Depositor shall have any obligation
to recompute, verify or recalculate the information provided thereto by the Master Servicer. Unless the Certificate Administrator
has actual knowledge that any report or file received from the Master Servicer contains erroneous information, the Certificate
Administrator is authorized to rely thereon in calculating and making distributions to Certificateholders and allocating Realized
Losses to the Certificates in accordance with Section 4.01 of this Agreement and preparing the statements to Certificateholders
required by Section 4.02(a) of this Agreement.

 

(g)           As soon as reasonably practicable, upon the written request of and at the expense of any Certificateholder, the Certificate Administrator
shall provide the requesting Certificateholder with such information that is in the Certificate Administrator’s possession
or can reasonably be obtained by the Certificate Administrator as is requested by such Certificateholder, for purposes of satisfying
applicable reporting requirements under Rule 144A under the Securities Act. Neither the Certificate Registrar nor the Certificate
Administrator shall have any responsibility for the sufficiency under Rule 144A or any other securities laws of any available
information so furnished to any person including any prospective purchaser of a Certificate or any interest therein, nor for the
content or accuracy of any information so furnished which was prepared or delivered to them by another.

 

(h)           The Certificate Administrator shall make available at its offices, during normal business hours, upon not less than two (2) Business
Days prior notice, for review by any Privileged Person upon resubmission of an Investor Certification, originals or copies of
documents relating to the Trust Loan and any REO Property to the extent in its possession, including, without limitation, the
following items (except to the extent prohibited by applicable law or under any of the Loan Documents):

 

(i)          
 any and all notices and reports delivered to the Certificate Administrator with respect to the Mortgaged Property as to which
the environmental testing contemplated by Section 3.10(g) of this Agreement revealed that neither of the conditions
set forth in clauses (i) and (ii) thereof was satisfied;

 

(ii)          
the most recent annual (or more frequent, if available) operating statements, rent rolls (to the extent such rent rolls have been
made available by the Borrower) and/or lease summaries and retail “sales information”, if any, collected by or on
behalf of the Master Servicer or the Special Servicer in respect to the Mortgaged Property;

 

(iii)         
the Mortgage File, including any and all modifications, waivers and amendments of the terms of the Whole Loan entered into by
the Master Servicer and/or the Special Servicer and delivered to the Certificate Administrator; and

 

(iv)          any other information that may be necessary, as determined by the Depositor, to satisfy the requirements of subsection (d)(4)(i)
of Rule 144A under the Securities Act to the extent in the Certificate Administrator’s possession.

 

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Copies
of any and all of the foregoing items will be available from the Certificate Administrator upon request. The Certificate Administrator
will be permitted to require payment by the requesting party (other than a Rating Agency) of a sum sufficient to cover the reasonable
costs and expenses of making such information available and providing any copies thereof. The Certificate Administrator’s
obligation under this Section 4.02(h) to make available any document is subject to the Certificate Administrator’s
receipt of such document.

 

The
Certificate Administrator shall not be liable for providing or disseminating information in accordance with the terms of this
Agreement.

 

(i)           
The Depositor hereby authorizes the Certificate Administrator to make available to any Financial Market Publisher or such other
vendor chosen by the Depositor that submits to the Certificate Administrator a certification substantially in the form of Exhibit L-3 to this Agreement or in the form of an electronic certification contained on the Certificate Administrator’s Website,
all the Distribution Date Statements, CREFC® reports and supplemental notices delivered or made available pursuant
to this Section 4.02 to Privileged Persons.

 

(j)           
Upon request and delivery by CREFC® of a certification substantially in the form of Exhibit L-4
hereto (which may be a “click-through” confirmation), the Certificate Administrator shall make available to CREFC®,
with respect to any Distribution Date, the related Distribution Date Statement and CREFC® IRP.

 

Section 4.03    
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement, the Paying Agent shall
comply with all federal withholding requirements with respect to payments to Certificateholders and payees of interest or original
issue discount that the Paying Agent reasonably believes are applicable under the Code. The consent of Certificateholders or payees
shall not be required for any such withholding. If the Paying Agent or its agent withholds any amount from interest or original
issue discount payments or advances thereof to any Certificateholder or payee pursuant to federal withholding requirements, the
Paying Agent shall indicate the amount withheld to such Certificateholder. Any amount so withheld shall be treated as having been
distributed to such Certificateholder, as applicable, for all purposes of this Agreement.

 

Section 4.04    
REMIC Compliance. (a)  The parties intend that the Lower-Tier REMIC and the Upper-Tier REMIC shall constitute,
and that the affairs of each of the Lower-Tier REMIC and the Upper-Tier REMIC shall be conducted so as to qualify as a “real
estate mortgage investment conduit” as defined in, and in accordance with, the REMIC Provisions at all times any Certificates
are outstanding, and the provisions hereof shall be interpreted consistently with this intention. In furtherance of such intention,
the Certificate Administrator shall, to the extent permitted by applicable law, act as agent, and is hereby appointed to act as
agent, of each Trust REMIC and shall on behalf of each Trust REMIC:

 

(i)           
make or cause to be made an election, on behalf of each of the Lower-Tier REMIC and the Upper-Tier REMIC, to be treated as a REMIC
on Form 1066 for its first taxable year, in accordance with the REMIC Provisions;

 

(ii)          
prepare and timely file, or cause to be prepared and timely filed, and cause the Trustee to sign (and the Trustee shall sign),
all required Tax Returns for the Lower-Tier

 

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 REMIC and the Upper-Tier REMIC, using a calendar year as the taxable year for each
of such REMIC as required by the REMIC Provisions and other applicable federal, state or local income tax laws;

 

(iii)         
prepare and forward, or cause to be prepared and forwarded, to the Certificateholders and the IRS and applicable state and local
tax authorities all information reports as and when required to be provided to them in accordance with the REMIC Provisions;

 

(iv)         
if the filing or distribution of any documents of an administrative nature not addressed in clauses (i) through (iii) of this Section 4.04(a) is then required by the REMIC Provisions in order to maintain the status of the Lower-Tier
REMIC and the Upper-Tier REMIC as a REMIC or is otherwise required by the Code, prepare and file or distribute, or cause to be
prepared and signed and filed or distributed, such documents with or to such Persons when and as required by the REMIC Provisions
or the Code or comparable provisions of state and local law;

 

(v)          
within 30 days of the Closing Date, obtain a taxpayer identification number for each of the Lower-Tier REMIC and the Upper-Tier
REMIC on IRS Form SS-4 and (in the case of the Upper-Tier REMIC only), furnish or cause to be furnished to the IRS, on Form
8811 or as otherwise may be required by the Code, the name, title and address of the person that the Certificateholders may contact
for tax information relating thereto (and the Certificate Administrator shall act as the representative of the Upper-Tier REMIC
for this purpose), together with such additional information as may be required by such Form, and shall update such information
at the time or times and in the manner required by the Code (and the Depositor agrees within 10 Business Days of the Closing Date
to provide any information reasonably requested by the Master Servicer, the Special Servicer or the Certificate Administrator
and necessary to make such filing); and

 

(vi)         
maintain such records relating to the Lower-Tier REMIC and the Upper-Tier REMIC as may be necessary to prepare the foregoing returns,
schedules, statements or information, such records, for federal income tax purposes, to be maintained on a calendar year and on
an accrual basis.

 

The
Certificate Administrator shall be designated as the “partnership representative” within the meaning of Section 6223
of the Code, of the Upper-Tier REMIC and the Lower-Tier REMIC. Each Holder of a Percentage Interest in the Class R or Class LR
Certificates, by acceptance thereof, is deemed to have consented to the Certificate Administrator’s designation in such
capacities and agrees to execute any documents required to give effect thereto, and any fees and expenses incurred by the Certificate
Administrator in connection therewith.

 

The
Certificate Administrator’s authority under this Agreement includes the authority to make, and the Certificate Administrator
is hereby directed to make, any elections allowed under the Code (i) to avoid the application of Section 6221 of the
Code (or successor provisions) to either Trust REMIC and (ii) to avoid payment by either Trust REMIC under Section 6225
of the Code (or successor provisions) of any tax, penalty, interest or other amount imposed under the Code that would otherwise
be imposed on any Holder of a Class R Certificate,

 

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 past or present. Each Holder of Class R Certificate agrees, by acquiring such
Certificate, to any such elections.

 

The
Certificate Administrator shall not intentionally take any action or intentionally omit to take any action if, in taking or omitting
to take such action, the Certificate Administrator has actual knowledge that such action or omission (as the case may be) would
cause the termination of the REMIC status of the Lower-Tier REMIC or the Upper-Tier REMIC or the imposition of tax on the Lower-Tier
REMIC or the Upper-Tier REMIC (other than a tax on income expressly permitted to be received by the terms of this Agreement).
Notwithstanding any provision of this paragraph to the contrary, the Certificate Administrator shall not be required to take any
action that the Certificate Administrator in good faith believes to be inconsistent with any other provision of this Agreement,
nor shall the Certificate Administrator be deemed in violation of this paragraph if it takes any action expressly required or
authorized by any other provision of this Agreement, and the Certificate Administrator shall have no responsibility or liability
with respect to any act or omission of the Depositor, the Trustee, the Master Servicer or the Special Servicer which does not
enable the Certificate Administrator to comply with any of clauses (i) through (vi) of the first paragraph
of this Section 4.04(a) or which results in any action contemplated by clauses (i) or (ii) of the
next succeeding sentence. In this regard the Certificate Administrator shall (i) exercise reasonable care not to allow the
occurrence of any “prohibited transactions” within the meaning of Section 860F(a) of the Code, unless the party
seeking such action shall have delivered to the Certificate Administrator an Opinion of Counsel (at such party’s expense)
that such occurrence would not (A) result in a taxable gain, (B) otherwise subject the Lower-Tier REMIC or the Upper-Tier
REMIC to tax (other than a tax at the highest marginal corporate tax rate on net income from foreclosure property), or (c) cause
the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC; and (ii) exercise reasonable care not to allow
the Trust Fund to receive any contributions, or any income from the performance of services or from assets not permitted under
the REMIC Provisions to be held by a REMIC (provided, however, that the receipt of any income expressly permitted
or contemplated by the terms of this Agreement shall not be deemed to violate this clause). None of the Master Servicer, the Special
Servicer, the Trustee or the Depositor shall be (i) permitted to take any action that the Certificate Administrator would
not be permitted to take pursuant to the preceding two sentences or (ii) responsible or liable (except in connection with
taking any act or omission referred to in the two preceding sentences or the following sentence) for any failure by the Certificate
Administrator to comply with the provisions of this Section 4.04. The Depositor, the Trustee, the Master Servicer
and the Special Servicer shall cooperate in a timely manner with the Certificate Administrator in supplying any information within
the Depositor’s, the Trustee’s, the Master Servicer’s or the Special Servicer’s control (other than any
confidential information) that is reasonably necessary to enable the Certificate Administrator to perform its duties under this
Section 4.04.

 

(b)           The following assumptions are to be used for purposes of determining the anticipated payments of principal and interest for calculating
the original yield to maturity and original issue discount with respect to the Non-VRR Certificates: (i) the Trust Loan will
pay principal and interest in accordance with its terms and scheduled payments will be timely received on their Due Dates, provided that the Trust Loan will prepay in accordance with the Prepayment Assumption; (ii) none of the Master Servicer, the Special
Servicer or the Certificateholder owning a majority of the Percentage Interest in the Class R and Class LR Certificates will exercise
the

 

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 right described in Section 9.01 of this Agreement to cause early termination of the Trust Fund; and (iii) no
Trust Loan is repurchased by the Trust Loan Sellers pursuant to Article II hereof.

 

Section 4.05    
Imposition of Tax on the Trust Fund. In the event that any tax, including interest, penalties or assessments, additional
amounts or additions to tax, is imposed on the Lower-Tier REMIC or the Upper-Tier REMIC, such tax shall be charged against amounts
otherwise distributable to the Holders of the Certificates; provided that any taxes imposed on any net income from foreclosure
property pursuant to Section 860G(d) of the Code or any similar tax imposed by a state or local jurisdiction shall instead
be treated as an expense of the related REO Property in determining Net REO Proceeds with respect to the REO Property (and until
such taxes are paid, the Special Servicer from time to time shall withdraw from amounts in the REO Account allocable to the Trust
Loan and transfer to the Certificate Administrator amounts reasonably determined by the Certificate Administrator to be necessary
to pay such taxes, which the Certificate Administrator shall maintain in a separate, non-interest-bearing account, and the Certificate
Administrator shall send to the Special Servicer for deposit in the REO Account the excess determined by the Certificate Administrator
from time to time of the amount in such account over the amount necessary to pay such taxes) and shall be paid therefrom; provided that any such tax imposed on net income from foreclosure property that exceeds the amount in any such reserve shall be retained
from Aggregate Available Funds as provided in Section 3.06(a)(xii) of this Agreement, and the next sentence. Except
as provided in the preceding sentence, the Certificate Administrator is hereby authorized to and shall retain or cause to be retained
from Aggregate Available Funds sufficient funds to pay or provide for the payment of, and to actually pay, such tax as is legally
owed by the applicable Trust REMIC (but such authorization shall not prevent the Trustee from contesting, at the expense of the
Trust Fund, on a pro rata basis between the Trust Loan and each Companion Loan) any such tax in appropriate proceedings,
and withholding payment of such tax, if permitted by law, pending the outcome of such proceedings). The Certificate Administrator
is hereby authorized to and shall segregate or cause to be segregated, into a separate non-interest bearing account, (i) the
net income allocable to the Trust Loan from any “prohibited transaction” under Section 860F(a) of the Code or
(ii) the amount of any contribution to the Lower-Tier REMIC or the Upper-Tier REMIC after the Startup Day that is subject
to tax under Section 860G(d) of the Code and use such income or amount, to the extent necessary, to pay such tax (and return
the balance thereof, if any, to the Collection Account, the Lower-Tier Distribution Account or the Upper-Tier Distribution Account,
as the case may be). To the extent that any such tax is paid to the IRS, the Certificate Administrator shall retain an equal amount
from future amounts otherwise distributable to the Holders of the Class R or the Class LR Certificates, as the case
may be, and shall distribute such retained amounts to the Holders of Non-VRR Certificates and the VRR Interest, or the Trustee
as Holder of the Lower-Tier Regular Interests, until they are fully reimbursed and then to the Holders of the Class R Certificates
or the Class LR Certificates, as applicable. Neither the Master Servicer, the Special Servicer, the Certificate Administrator,
nor the Trustee shall be responsible for any taxes imposed on the Lower-Tier REMIC or the Upper-Tier REMIC except to the extent
such tax is attributable to a breach of a representation or warranty or the negligence or willful misconduct of the Master Servicer,
the Special Servicer, the Certificate Administrator or the Trustee or an act or omission of the Master Servicer, the Special Servicer,
the Certificate Administrator or the Trustee in contravention of this Agreement, provided, further, that such breach,
act or omission could result in liability under Section 6.03 of this Agreement, in the case of the Master Servicer,
Section 4.04 of this Agreement, in the case of the Trustee or Section 4.04 of this Agreement, in the case
of the Certificate 

 

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Administrator in accordance with the standard of liability set forth in those sections. Notwithstanding anything
in this Agreement to the contrary, in each such case, the Master Servicer or the Special Servicer shall not be responsible for
the Trustee’s or the Certificate Administrator’s breaches, acts or omissions, the Trustee shall not be responsible
for the breaches, acts or omissions of the Certificate Administrator, the Master Servicer or the Special Servicer and the Certificate
Administrator shall not be responsible for the breaches, acts or omissions of the Trustee, the Master Servicer or the Special
Servicers.

 

The
Certificate Administrator shall be responsible for obtaining a tax identification number for any REMIC specified herein, and shall
be responsible for the preparation of the related IRS Form W-9, if such form is requested. The Trustee shall be entitled to rely
on the information contained therein, and is hereby directed to execute such IRS Form W-9; provided, however, the
Certificate Administrator shall also be directed to execute such IRS Form W-9 (in lieu of the Trustee) if permitted by IRS regulations.

 

Section 4.06       
Remittances. On the Servicer Remittance Date immediately preceding each Distribution Date, the Master Servicer shall remit
to (a) the Certificate Administrator for deposit in the Lower-Tier Distribution Account, an amount equal to the Aggregate
Available Funds for such Distribution Date and (b) CREFC® the CREFC® License Fee,.

 

Section 4.07       
P&I Advances and Administrative Advances. (a)  On or before 3:00 p.m. (New York City Time) on each Servicer
Remittance Date, the Master Servicer shall either (i) remit to the Certificate Administrator for deposit into the Lower-Tier
Distribution Account from its own funds an amount equal to the aggregate amount of P&I Advances, if any, to be made in respect
of the related Distribution Date, (ii) apply amounts held in the Collection Account for future distribution to Certificateholders
in subsequent months in discharge of any such obligation to make P&I Advances; provided, that such amounts in the Collection
Account shall only be applied up to the Trust Loan’s pro rata share of the amounts held therein on such dates (unless
such P&I Advance has been determined to be nonrecoverable, in which such amounts shall be applied pursuant to the Co-Lender
Agreement) or (iii) make P&I Advances in the form of any combination of (i) and (ii) aggregating the total amount of
P&I Advances to be made by the Master Servicer, except that the portion of such P&I Advance equal to the CREFC®
License Fee shall not be remitted to the Certificate Administrator but shall instead be remitted to CREFC®.
Any amounts held in the Collection Account for future distribution and so used to make P&I Advances shall be appropriately
reflected in the Master Servicer’s records and replaced by the Master Servicer by deposit in the Collection Account on or
before the next succeeding P&I Advance Determination Date (to the extent not previously replaced through either (x) the
deposit of Late Collections of the delinquent principal and/or interest in respect of which such P&I Advances were made or
(y) the deposit of Monthly Payments collected prior to the expiration of any applicable grace period that ends after the
P&I Advance Determination Date in respect of which such P&I Advances were made). The Master Servicer shall notify the
Trustee and the Certificate Administrator of (i) the aggregate amount of P&I Advances for a Distribution Date and (ii) the
amount of any Nonrecoverable P&I Advances for such Distribution Date, on or before the P&I Advance Determination Date.
If the Master Servicer fails to make a required P&I Advance by 3:00 p.m. (New York City time) on any Servicer Remittance
Date, then the Trustee shall make such P&I Advance pursuant to Section 7.06 of this Agreement by 12:00 noon
(New York City time) on the related Distribution Date, in each case unless the Master Servicer shall have cured

 

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 such failure (and
provided written notice of such cure to the Trustee) by 11:00 a.m. (New York City time) on such Distribution Date or the
Trustee determines that such P&I Advance, if made, would be a Nonrecoverable Advance. If the Master Servicer or the Trustee
makes a P&I Advance with respect to the Trust Loan, then it shall provide written notice to the related Other Servicer, Other
Special Servicer and Other Trustee of the amount of such P&I Advance within two (2) Business Days of making such P&I Advance.

 

(b)           Subject to Section 4.07(d) and 4.07(e) below, the aggregate amount of P&I Advances to be made by the Master
Servicer with respect to any Distribution Date shall equal the aggregate of: (i) the Monthly Payment (net of related Servicing
Fees) other than the Balloon Payment that was due during the related Collection Period and delinquent (or unpaid, pending the
expiration of any applicable grace period with respect to the Trust Loan having a grace period extending past the P&I Advance
Determination Date) as of the close of business on the P&I Advance Determination Date (or not advanced by the Master Servicer
or any Sub-Servicer on behalf of the Master Servicer) with respect to the Trust Loan and (ii) with respect to the Balloon
Payment that was due during or prior to the related Collection Period and was delinquent (including any applicable grace period)
as of the end of the related Collection Period (including any REO Loan as to which the Balloon Payment would have been past due),
an amount equal to the Assumed Scheduled Payment therefor. Subject to subsection (c) below, the obligation of the
Master Servicer or the Trustee, as applicable, to make such P&I Advances with respect to the Trust Loan (or REO Loan) is mandatory,
and with respect to the Trust Loan or REO Loan, shall continue until the Distribution Date on which Liquidation Proceeds or REO
Proceeds, if any, are to be distributed. The Monthly Payment or Assumed Scheduled Payment shall be reduced, for purposes of P&I
Advances, by any modifications pursuant to Section 3.26 of this Agreement or otherwise and by any reductions by a
bankruptcy court pursuant to a plan of reorganization or pursuant to any of its equitable powers.

 

(c)          
Subject to Section 4.07(d) and 4.07(e) below, the Master Servicer shall also make advances (“Administrative
Advances”) with respect to the Trust Loan to pay Special Servicing Fees, Workout Fees, Liquidation Fees, Advance Interest
Amounts and other out-of-pocket costs and expenses incurred by the Trust or by the Master Servicer, the Special Servicer, the
Certificate Administrator, the Custodian or the Trustee in connection with the servicing and administration of the Whole Loan
allocable to the Trust Loan not otherwise covered by a Property Advance, including in connection with any workout of the Whole
Loan or enforcement of the terms of the Loan Documents, in each case, to the extent the Borrower (1) is obligated to reimburse
the Trust for such amounts pursuant to the Loan Documents and (2) does not pay such amounts on or prior to the time when
the party is entitled to payment or reimbursement of such amounts from the Collection Account or the Distribution Account in accordance
with terms of this Agreement. The Master Servicer shall deposit Administrative Advances into the Collection Account within the
same time frame required for P&I Advances as provided in Section 4.07(a). The Master Servicer shall notify the
Trustee and the Certificate Administrator of (i) the aggregate amount of Administrative Advances for a Distribution Date
and (ii) the amount of any Nonrecoverable Administrative Advances for such Distribution Date, on or before the P&I Advance
Determination Date. If the Master Servicer fails to make a required Administrative Advance by 3:00 p.m. (New York City time) on
any Servicer Remittance Date, then the Trustee shall make such Administrative Advance pursuant to Section 7.06 of
this Agreement by 12:00 noon (New York City time) on the related Distribution Date, in each case unless the Master Servicer shall
have cured such failure

 

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 (and provided written notice of such cure to the Trustee) by 11:00 a.m. (New York City time) on such Distribution
Date or the Trustee determines that such Administrative Advance, if made, would be a Nonrecoverable Advance.

 

(d)           Notwithstanding anything herein to the contrary, no P&I Advance or Administrative Advance shall be required hereunder if the
Master Servicer, the Special Servicer or the Trustee, as applicable, determines that such P&I Advance or Administrative Advance
(together with interest on such P&I Advance or Administrative Advance, as applicable at the Advance Rate) would, if made,
constitute a Nonrecoverable Advance. In addition, the Master Servicer shall not make any P&I Advance or Administrative Advance
to the extent that it has received written notice that the Special Servicer has determined that such P&I Advance or Administrative
Advance would, if made, constitute a Nonrecoverable P&I Advance or Nonrecoverable Administrative Advance. In making such nonrecoverability
determination, the Master Servicer, the Special Servicer and Trustee shall be entitled (i) to give due regard to the existence
of any Nonrecoverable Advance with respect to the Trust Loan, the recovery of which, at the time of such consideration, is being
deferred or delayed by the Master Servicer or the Trustee, as applicable, in light of the fact that proceeds on the Trust Loan
are a source of recovery not only for the Advance under consideration, but also as a potential source of recovery of such Nonrecoverable
Advance which is being or may be deferred or delayed, (ii) to consider (among other things) the obligations of the Borrower
under the terms of the Whole Loan as it may have been modified, (iii) to consider (among other things) the Mortgaged Property
in its “as-is” or then-current conditions and occupancy, as modified by such party’s assumptions (consistent
with the Servicing Standard in the case of the Master Servicer or the Special Servicer) regarding the possibility and effects
of future adverse changes with respect to the Mortgaged Property, (iv) to estimate and consider (consistent with the Servicing
Standard in the case of the Master Servicer or the Special Servicer) (among other things) future expenses and (v) to estimate
and consider (among other things) the timing of recoveries.

 

If
an Appraisal of the Mortgaged Property shall not have been obtained within the prior 9-month period (and the Master Servicer and
the Trustee shall each request any such appraisal from the Special Servicer prior to ordering an Appraisal pursuant to this sentence)
or if such an Appraisal shall have been obtained but as a result of unforeseen occurrences, such Appraisal does not, in the good
faith determination of the Master Servicer, the Special Servicer or the Trustee, reflect current market conditions, and the Master
Servicer or the Trustee, as applicable, and the Special Servicer cannot agree on the appropriate downward adjustment to such Appraisal,
the Master Servicer, the Special Servicer or the Trustee, as the case may be, may, subject to its reasonable and good faith determination
that such Appraisal will demonstrate the nonrecoverability of the related Advance, obtain an Appraisal for such purpose at the
expense of the Trust Fund.

 

Any
such determination by the Master Servicer, Special Servicer or the Trustee that the Master Servicer or Trustee, as applicable,
has made a Nonrecoverable Advance or that any proposed P&I Advance or Administrative Advance, if made, would constitute a
Nonrecoverable Advance shall be evidenced, in the case of the Master Servicer or the Special Servicer, by a certificate of a Servicing
Officer delivered to the other and to the Trustee, the Certificate Administrator, the Depositor and the Directing Holder (if such
determination was made during a Subordinate Control Period or a Subordinate Consultation Period) and, in the case of the Trustee,

 

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by a certificate of a Responsible Officer of the Trustee, delivered to the Depositor, the Certificate Administrator, the Master
Servicer, the Special Servicer and the Directing Holder (if such determination was made during a Subordinate Control Period or
a Subordinate Consultation Period), in each case sets forth such nonrecoverability determination and the considerations of the
Master Servicer, Special Servicer or the Trustee, as applicable, forming the basis of such determination (such certificate to
be accompanied by, to the extent available, income and expense statements, rent rolls, occupancy status, property inspections
and other information used by the Master Servicer, Special Servicer or the Trustee, as applicable, to make such determination,
together with any existing Appraisal or any Updated Appraisal); provided that the Special Servicer may, at its option,
make a determination in accordance with the Servicing Standard, that any Advance previously made or proposed to be made is nonrecoverable
and shall deliver to the Master Servicer, the Certificate Administrator, the Trustee, the 17g-5 Information Provider (which shall
promptly post such notice to the 17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement)
notice of such determination, together with a certificate of a Servicing Officer and the supporting information described above.
Any such determination shall be conclusive and binding on the Master Servicer, the Special Servicer and the Trustee.

 

Any
such Person may update or change its recoverability determinations at any time (but not reverse any other Person’s determination
that a P&I Advance or Administrative Advance is a Nonrecoverable Advance) and (consistent with the Servicing Standard in the
case of the Master Servicer or the Special Servicer) may obtain, at the expense of the Trust Fund, any analysis, Appraisals or
market value estimates or other information for such purposes. Absent bad faith, any such determination as to the recoverability
of any P&I Advance or Administrative Advance shall be conclusive and binding on the Certificateholders.

 

Notwithstanding
the above, (i) the Trustee shall be entitled to rely conclusively on, and shall be bound by, any determination by the Master
Servicer or the Special Servicer, as applicable, that an Advance, if made, would be a Nonrecoverable Advance, if such determination
is received prior to the applicable Advance, and (ii) the Master Servicer will be entitled to rely conclusively on, and shall
be bound by, any determination of the Special Servicer that an Advance, if made, would be a Nonrecoverable Advance, if such determination
is received prior to the applicable Advance. The Trustee, in determining whether or not an Advance previously made is, or a proposed
Advance, if made, would be, a Nonrecoverable Advance shall be subject to a good faith business judgment standard. The Special
Servicer shall promptly furnish the Master Servicer and the Trustee with any information in its possession regarding a Specially
Serviced Loan or an REO Property as each such party may reasonably request for purposes of making recoverability determinations.

 

(e)          
In connection with the recovery of any Advance out of the Collection Account pursuant to Section 3.06 of this Agreement,
the Master Servicer shall be entitled to pay itself or the Trustee, as the case may be (in reverse of such order with respect
to the Trust Loan or REO Property) out of any amounts then on deposit in the Collection Account interest at the Advance Rate in
effect from time to time, accrued on the amount of such Advance from the date made with respect to the Trust Loan. The Master
Servicer shall reimburse itself or the Trustee, as the case may be, for any outstanding Advance as soon as practicably possible
after funds available for such purpose are deposited in the Collection Account with respect to the Trust Loan.

 

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Notwithstanding
anything to the contrary contained in Section 4.06 of this Agreement, (i) neither the Master Servicer nor the
Trustee shall make an advance for Prepayment Charges, Penalty Charges or any cure payments and (ii) the interest portion
of any P&I Advance with respect to the Trust Loan as to which there has been an Appraisal Reduction Amount will be an amount
equal to the product of (x) the amount required to be advanced without giving effect to the Appraisal Reduction Amount and
(y) a fraction, the numerator of which is the Stated Principal Balance of the Trust Loan (as of the immediately preceding
Determination Date) less any Appraisal Reduction Amount applicable to the Trust Loan and the denominator of which is the Stated
Principal Balance of the Trust Loan (as of such immediately preceding Determination Date). All P&I Advances for the Trust
Loan that has been modified shall be calculated on the basis of their terms as modified. For the avoidance of doubt, the Master
Servicer shall have no obligation to make a principal and interest advance or an administrative advance with respect to the Companion
Loans.

 

The
portion of any Insurance Proceeds, Net Liquidation Proceeds and Net Condemnation Proceeds in respect of the Trust Loan or any
REO Loan allocable to principal shall equal the total amount of such proceeds minus (i) any portion thereof payable to the
Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee pursuant to this Agreement and (ii) a
portion thereof equal to the interest component of the Monthly Payment(s), as accrued at the Mortgage Rate from the date as to
which interest was last paid by the Borrower up to but not including the Due Date in the Collection Period in which such proceeds
are received; provided, however, that in the event that the interest portion(s) of one or more P&I Advances
with respect of the Trust Loan or REO Loan, as applicable, were reduced as a result of an Appraisal Reduction Event, the amount
of the Net Liquidation Proceeds and Net Condemnation Proceeds to be applied to interest shall be reduced by the aggregate amount
of such reductions and the portion of such Net Liquidation Proceeds and Net Condemnation Proceeds to be applied to principal shall
be increased by such amount, and if the amount of the Net Liquidation Proceeds and Net Condemnation Proceeds to be applied to
principal has been applied to pay the principal of the Trust Loan or REO Loan in full, any remaining Net Liquidation Proceeds
and Net Condemnation Proceeds shall then be applied to pay any remaining accrued and unpaid interest of the Trust Loan or REO
Loan.

 

(f)          
The Master Servicer or the Trustee, as applicable, shall be entitled to the reimbursement of P&I Advances or Administrative
Advances it makes to the extent permitted pursuant to Section 3.06 of this Agreement together with any related Advance
Interest Amount in respect of such P&I Advances or Administrative Advances to the extent permitted pursuant to Section 3.06 of this Agreement and the Master Servicer and the Special Servicer each hereby covenants and agrees to promptly seek and effect
the reimbursement of such Advances from the Borrower to the extent permitted by applicable law and the Trust Loan and this Agreement.

 

(g)           The Master Servicer will be permitted to make its determination that it has made a P&I Advance on the related Trust Loan that
is a Nonrecoverable P&I Advance or that any proposed P&I Advance, if made, would constitute a Nonrecoverable P&I Advance
with respect to such Trust Loan in accordance with Section 4.07(a) independently of any determination made in respect
of the Companion Loans, by the master servicer under the related Other Pooling and Servicing Agreement. If the Master Servicer
or Trustee, as applicable, determines that a proposed P&I Advance with respect to the Trust Loan, if made, or any outstanding
P&I Advance with

 

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 respect to any such Trust Loan previously made, would be, or is, as applicable, a Nonrecoverable Advance
or if the Master Servicer or Trustee, as applicable, subsequently determines that a proposed Property Advance would be a Nonrecoverable
Advance or an outstanding Property Advance is or would be a Nonrecoverable Advance, the Master Servicer or Trustee, as applicable,
shall provide the Other Servicer, Other Special Servicer and the Other Trustee under each related Other Pooling and Servicing
Agreement with written notice of such determination, promptly and in any event within two (2) Business Days after such determination
or such longer time period permitted by the applicable Co-Lender Agreement. If the Master Servicer receives written notice
from any master servicer under any such Other Pooling and Servicing Agreement that such master servicer has determined, with respect
to the related Companion Loan, that any proposed advance of principal and/or interest with respect to such Companion Loan would
be, or any outstanding advance of principal and interest is, a nonrecoverable advance of principal and/or interest, such determination
shall not be binding on the Certificateholders, the Master Servicer or the Trustee.

 

If
the Master Servicer or Special Servicer receives notice from a Rating Agency that it is no longer approved as a master servicer
or a special servicer, as applicable, for commercial mortgage securitizations, it shall promptly notify the Trustee, any Other
Trustee, any Other Servicer and any other trustee or master servicer with respect to each commercial mortgage securitization that
holds a Companion Loan, if any.

 

Section 4.08    
Appraisal Reductions; Collateral Deficiency Amounts. (a)  For purposes of determining (i) the Controlling
Class, (ii) whether a Subordinate Control Period or Subordinate Consultation Period is then in effect, or (iii) Voting
Rights of the related Classes for certain purposes, including replacement of the Special Servicer, the VRR Percentage of any Appraisal
Reduction Amounts and Collateral Deficiency Amounts shall be allocated to the VRR Interests (pro rata based on their respective
VRR Interest Balances) to notionally reduce (to not less than zero) the VRR Interest Balances thereof, and the Non-VRR Percentage
of any Appraisal Reduction Amounts (other than Assumed Appraisal Reduction Amounts) and Collateral Deficiency Amounts shall be
allocated to each Class of Offered Principal Balance Certificates in reverse sequential order to notionally reduce the related
Certificate Balances until the Certificate Balance of each such Class is reduced to zero (i.e., first, to the Class F
Certificates, second, to the Class E Certificates, third, to the Class D Certificates, fourth, to the Class
C Certificates, fifth, to the Class B Certificates, and sixth, to the Class A Certificates). For the avoidance of
doubt, Appraisal Reduction Amounts and Collateral Deficiency Amounts shall not be allocated concurrently to the Principal Balance
Certificates.

 

(b)           If the Certificate Balance of the Class E Certificates (taking into account the application of any Appraisal Reduction Amounts
to notionally reduce the Certificate Balance of such Class) has been reduced to less than 25% of its respective initial Certificate
Balance, such Class shall be referred to as an “Appraised-Out Class”. The holders of the majority (by Certificate
Balance) of the Appraised-Out Class shall have the right, at their sole expense, to require the Special Servicer to order a second
appraisal of the Mortgaged Property (such holders, the “Requesting Holders”), and the Special Servicer shall
use its commercially reasonable efforts to obtain an appraisal from an MAI appraiser reasonably acceptable to the Special Servicer
within 60 days from receipt of the Requesting Holders’ written request. Any Appraised-Out Class for which the Requesting
Holders are challenging the Appraisal Reduction Amount determination shall not be permitted to exercise any rights of the Controlling
Class until such time, if any, as such Class

 

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 is reinstated as the Controlling Class and the rights of the Controlling Class shall
be exercised by the next most senior Class that is eligible to be a Controlling Class, if any, during such period.

 

In
addition, the Requesting Holders of any Appraised Out Class shall have the right, at their sole expense, to require the Special
Servicer to order an additional appraisal of the Mortgaged Property following an Appraisal Reduction Event if an event has occurred
at, or with regard to, the Mortgaged Property that would have a material effect on its appraised value, and the Special Servicer
shall use reasonable efforts to obtain an appraisal from an MAI appraiser reasonably acceptable to the Special Servicer within
60 days from receipt of the Requesting Holders’ written request; provided that the Special Servicer shall not be
required to obtain such appraisal if it determines in accordance with the Servicing Standard that no events at, or with regard
to, the Mortgaged Property have occurred that would have a material effect on the appraised value of the Mortgaged Property. The
right of the holders of an Appraised Out Class to require the Special Servicer to order an additional appraisal as described in
this paragraph shall be limited to no more frequently than once in any 9 month period.

 

Upon
receipt of such additional appraisal, the Special Servicer shall determine, in accordance with the Servicing Standard, whether,
based on its assessment of such second appraisal, any recalculation of the Appraisal Reduction Amount is warranted and, if so
warranted, shall direct the Master Servicer to recalculate such Appraisal Reduction Amount based upon such second appraisal. If
required by any such recalculation, the applicable Appraised-Out Class shall be reinstated as the Controlling Class and each Appraised-Out
Class shall have its Certificate Balance notionally restored to the extent required by such recalculation of the Appraisal Reduction
Amount based on such second appraisal. If required by any such recalculation, the Appraised-Out Class will be reinstated as a
Controlling Class.

 

As
of the first Determination Date following the Whole Loan becoming an AB Modified Loan, the Master Servicer shall calculate whether
a Collateral Deficiency Amount exists with respect to such AB Modified Loan, taking into account the most recent Appraisal obtained
by the Special Servicer with respect to the Whole Loan, and all other information relevant to a Collateral Deficiency Amount determination.
The Special Servicer, upon reasonable prior written request, shall provide the Master Servicer with information in its possession
that is reasonably required to calculate or recalculate any Collateral Deficiency Amount. None of the Special Servicer, the Trustee
or the Certificate Administrator shall calculate or verify any Collateral Deficiency Amount.

 

Appraisals
that are permitted to be obtained at the request of the holders of the Appraised-Out Class shall be in addition to any appraisals
that the Special Servicer may otherwise be required to obtain in accordance with the Servicing Standard (or otherwise pursuant
to this Agreement) or that the Special Servicer is otherwise required or permitted to order under this Agreement without regard
to any appraisal requests made by any Requesting Holder.

 

For
the avoidance of doubt, for purposes of determining whether Class E or Class F is the Controlling Class or whether a Subordinate
Control Period or a Subordinate Consultation Period is then in effect, the Controlling Class Certificates shall be allocated both
applicable Appraisal Reduction Amounts and applicable Collateral Deficiency Amounts, in accordance with this Section 4.08(a).
The appraised value of the Mortgaged Property shall be determined on an “as is” basis.

 

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The
Master Servicer shall promptly notify the Certificate Administrator of the amount of any Appraisal Reduction Amount allocated
to the Whole Loan (which notification shall be made by delivery of the CREFC® Loan Periodic Update File in accordance with
Section 3.13 hereof) and the amount of any Collateral Deficiency Amount allocated to the AB Modified Loan (which notification
shall be made by delivery of such information included in the CREFC® Loan Periodic Update File and the CREFC® Appraisal
Reduction Template or such report mutually agreed to between the Master Servicer and the Certificate Administrator, which shall
be delivered simultaneously with the CREFC® Loan Periodic Update File in accordance with Section 3.13 hereof).
Based on information in its possession, the Certificate Administrator shall determine from time to time whether Class E or Class
F is the Controlling Class. In connection with the Certificate Administrator’s determination of whether the Class E or Class
F (or neither) is the Controlling Class, the Certificate Administrator shall determine whether a Subordinate Control Period or
Subordinate Consultation Period (or neither) is then in effect. Promptly upon its determination that Class E or Class F is no
longer the Controlling Class, the Certificate Administrator shall notify the Master Servicer and the Special Servicer.

 

ARTICLE
V

THE CERTIFICATES

 

Section 5.01    
The Certificates. (a)  The Certificates consist of the Class A Certificates, the Class X Certificates, the Class B
Certificates, the Class C Certificates, the Class D Certificates, the Class E Certificates, the Class F Certificates,
the Class VRR Certificates, the Class R Certificates and the Class LR Certificates.

 

The
Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class VRR Class R and Class LR Certificates
will be substantially in the forms of Exhibits A-1 through A-10 to this Agreement, as set forth in the Table
of Exhibits to this Agreement. The Certificates of each Class (other than the Class LR and Class R Certificates and the Class
VRR Certificates) will be issuable in registered form only, in minimum denominations of authorized Certificate Balance or Notional
Amount, as applicable, as described in the succeeding table, and multiples of $l in excess thereof (or such lesser amount if the
Certificate Balance or Notional Amount, as applicable, is not a multiple of $1). The Class VRR Certificates will be issuable in
one or more Individual Certificates, in minimum denominations of authorized Certificate Balance as described in the succeeding
table, and multiples of $l in excess thereof (or such lesser amount if the Certificate Balance is not a multiple of $1). With
respect to any Certificate or any beneficial interest in a Certificate, the “Denomination” thereof shall be
(i) the amount (A) set forth on the face thereof or (B) in the case of any Global Certificate, set forth on a schedule
attached thereto or, in the case of any beneficial interest in a Global Certificate, the amount set forth on the books and records
of the related Depository Participant or indirect participating brokerage firm, as applicable, (ii) expressed in terms of
Certificate Balance or Notional Amount, as applicable, and (iii) be in an authorized denomination, as set forth below.

 

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	Class

	Minimum

                                         Denomination

	Aggregate
                                         Denomination of
 all
                                         Certificates of Class

	A 	$100,000	 	$354,312,000	 
	X 	$1,000,000	 	$354,312,000	 
	B 	$100,000	 	$78,736,000	 
	C 	$100,000	 	$59,053,000	 
	D 	$100,000	 	$119,428,000	 
	E 	$100,000	 	$139,950,000	 
	F 	$100,000	 	$32,271,000	 
	VRR
    Interest 	$100,000	 	$41,250,000	 

 

Each
Certificate will share ratably in all rights of the related Class. The Class R and Class LR Certificates will each be
issuable in one or more registered, definitive physical certificates in minimum denominations of 5% Percentage Interests and integral
multiples of a 1% Percentage Interest in excess thereof and together aggregating the entire 100% Percentage Interest in each such
Class.

 

The
Global Certificates shall be issued as one or more certificates registered in the name of a nominee designated by the Depository,
and Beneficial Owners shall hold interests in the Global Certificates through the book-entry facilities of the Depository in the
minimum Denominations and aggregate Denominations and Classes as set forth above.

 

The
Global Certificates shall in all respects be entitled to the same benefits under this Agreement as Individual Certificates authenticated
and delivered hereunder.

 

(b)           Except insofar as pertains to any Individual Certificate, the Trust Fund, the Certificate Administrator, the Paying Agent and
the Trustee may for all purposes (including the making of payments due on the Global Certificates and the giving of notice to
Holders thereof) deal with the Depository as the authorized representative of the Beneficial Owners with respect to the Global
Certificates for the purposes of exercising the rights of Certificateholders hereunder; provided, however, that
for purposes of transmitting communications pursuant to Section 5.05(a) of this Agreement, to the extent that the
Depository has provided the Certificate Administrator with the names of Beneficial Owners (even if such Certificateholders hold
their Certificates through the Depository) the Certificate Administrator shall provide such information to such Beneficial Owners
directly. The rights of Beneficial Owners with respect to Global Certificates shall be limited to those established by law and
agreements between such Certificateholders and the Depository and Depository Participants. Except as set forth in Section 5.01(e) below, Beneficial Owners of Global Certificates shall not be entitled to physical certificates for the Global Certificates
as to which they are the Beneficial Owners. Requests and directions from, and votes of, the Depository as Holder of the Global
Certificates shall not be deemed inconsistent if they are made with respect to different Beneficial Owners. Subject to the restrictions
on transfer set forth in this Section 5.01 of this Agreement and Applicable Procedures, the holder of a beneficial
interest in a Global Certificate may request that the Certificate Administrator cause the Depository (or any Agent Member) to
notify the Certificate Registrar and the Certificate Custodian in writing of a request for transfer or exchange of such beneficial
interest for an Individual Certificate or Certificates. Upon receipt of such a request and payment by the related Beneficial Owner
of any

 

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 attendant expenses, the Certificate Administrator shall cause the issuance and delivery of such Individual Certificates.
The Depositor may establish a reasonable record date in connection with solicitations of consents from or voting by Certificateholders
and give notice to the Depository of such record date. Without the written consent of the Certificate Registrar, no Global Certificate
may be transferred by the Depository except to a successor Depository that agrees to hold the Global Certificates for the account
of the Beneficial Owners.

 

(c)          
Any of the Certificates may be issued with appropriate insertions, omissions, substitutions and variations, and may have imprinted
or otherwise reproduced thereon such legend or legends, not inconsistent with the provisions of this Agreement, as may be required
to comply with any law or with rules or regulations pursuant thereto, or with the rules of any securities market in which the
Certificates are admitted to trading, or to conform to general usage.

 

(d)           The Global Certificates (i) shall be delivered by the Certificate Registrar to the Depository or, pursuant to the Depository’s
instructions on behalf of the Depository to, and deposited with, the Certificate Custodian, and in either case shall be registered
in the name of Cede & Co. and (ii) shall bear a legend substantially to the following effect:

 

“Unless
this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”),
to the Certificate Registrar for registration of transfer, exchange or payment, and any certificate issued is registered in the
name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has
an interest herein”.

 

The
Global Certificates may be deposited with such other Depository as the Certificate Registrar may from time to time designate,
and shall bear such legend as may be appropriate.

 

(e)          
If (i) the Depository advises the Certificate Administrator in writing that the Depository is no longer willing, qualified
or able properly to discharge its responsibilities as Depository, and the Depositor is unable to locate a qualified successor
or (ii) the Depositor, at its sole option, elects in writing to the Certificate Administrator and to the Depository to terminate
the book-entry system through the Depository with respect to all or any portion of any Class of Certificates, the Certificate
Administrator shall notify the affected Beneficial Owner or Owners through the Depository of the occurrence of such event and
the availability of Individual Certificates to such Beneficial Owners requesting them. Upon surrender to the Certificate Administrator
of Global Certificates by the Depository, accompanied by registration instructions from the Depository for registration of transfer,
the Certificate Administrator shall issue the Individual Certificates. None of the Trustee, the Certificate Administrator, the
Certificate Registrar, the Master Servicer, the Special Servicer or the Depositor shall be liable for any actions taken by the
Depository or its nominee, including, without limitation, any delay in delivery of such

 

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 instructions. Upon the issuance of Individual
Certificates, the Trustee, the Certificate Administrator, the Certificate Registrar, the Master Servicer and the Special Servicer
shall recognize the Holders of Individual Certificates as Certificateholders hereunder.

 

(f)           
If the Trustee, its agents, the Certificate Administrator, its agents or the Master Servicer or Special Servicer have instituted
or have been directed to institute any judicial proceeding in a court to enforce the rights of the Certificateholders under the
Certificates, and the Trustee, the Certificate Administrator, the Master Servicer or the Special Servicer have been advised by
counsel that in connection with such proceeding it is necessary or appropriate for the Trustee, the Certificate Administrator,
the Master Servicer or the Special Servicer to obtain possession of the Certificates, the Trustee, the Certificate Administrator,
the Master Servicer or the Special Servicer may in their sole discretion determine that the Certificates represented by the Global
Certificates shall no longer be represented by such Global Certificates. In such event, the Certificate Administrator or the Authenticating
Agent will execute and authenticate and the Certificate Registrar will deliver, in exchange for such Global Certificates, Individual
Certificates (and if the Certificate Administrator or the Certificate Custodian has in its possession Individual Certificates
previously executed, the Authenticating Agent will authenticate and the Certificate Registrar will deliver such Certificates)
in a Denomination equal to the aggregate Denomination of such Global Certificates.

 

(g)           Each Certificate may be printed or in typewritten or similar form, and each Certificate shall, upon original issue, be executed
and authenticated by the Certificate Administrator or the Authenticating Agent and delivered to, or at the order of, the Depositor.
All Certificates shall be executed by manual or facsimile signature on behalf of the Certificate Administrator or Authenticating
Agent by an authorized officer or signatory. Certificates bearing the signature of an individual who was at any time the proper
officer or signatory of the Certificate Administrator or Authenticating Agent shall bind the Certificate Administrator or Authenticating
Agent, notwithstanding that such individual has ceased to hold such office or position prior to the delivery of such Certificates
or did not hold such office or position at the date of such Certificates. No Certificate shall be entitled to any benefit under
this Agreement, or be valid for any purpose, unless there appears on such Certificate a certificate of authentication in the form
set forth in Exhibits A-1 through A-10 executed by the Authenticating Agent by manual signature, and such certificate
of authentication upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly
authenticated and delivered hereunder. All Certificates shall be dated the date of their authentication.

 

(h)           If, in connection with any Distribution Date, the Certificate Administrator shall have reported the amount of an anticipated distribution
to the Depository based on the expected receipt of any monthly payment based on information set forth in any report of the Master
Servicer or the Special Servicer, or any other monthly payment, Balloon Payment or prepayment expected to be paid on the last
two (2) Business Days preceding such Distribution Date, and the Borrower fails to make such payments at such time, and the Master
Servicer revises its final report and as a result the Certificate Administrator revises its report to the Depository after the
Depository deadline, the Certificate Administrator shall use commercially reasonable efforts to cause the Depository to make the
revised distribution on a timely basis on such Distribution Date. The Trustee, the Certificate Administrator, the Master Servicer
and the Special Servicer shall not be liable or held responsible for any resulting delay (or claims by DTC resulting therefrom)
in the

 

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 making of such distribution to Certificateholders. Any out-of-pocket costs incurred by the Certificate Administrator as
a consequence of the Borrower failing to make such payments shall be reimbursable to the Certificate Administrator as an expense
of the Trust Fund. Any such reimbursement shall be an expense of the Trust Fund.

 

Section 5.02    
Registration, Transfer and Exchange of Certificates. (a)  The Certificate Administrator shall keep or cause to
be kept at its offices books (the “Certificate Register”) for the registration, transfer and exchange of Certificates
(the Certificate Administrator, in such capacity, being the “Certificate Registrar”). The Depositor, the Trustee,
the Master Servicer and the Special Servicer shall have the right to inspect the Certificate Register or to obtain a copy thereof
at all reasonable times, and to rely conclusively upon a certificate of the Certificate Registrar as to the information set forth
in the Certificate Register. The names and addresses of all Certificateholders and the names and addresses of the transferees
of any Certificates shall be registered in the Certificate Register; provided, however, that in no event shall the
Certificate Registrar be required to maintain in the Certificate Register the names of the individual Participants holding beneficial
interests in the Trust Fund through the Depository. The Person in whose name any Certificate is so registered shall be deemed
and treated as the sole owner and Holder thereof for all purposes of this Agreement and the Depositor, Certificate Registrar,
the Master Servicer, Special Servicer, the Trustee, the Certificate Administrator, any Paying Agent and any agent of any of them
shall not be affected by any notice or knowledge to the contrary. An Individual Certificate is transferable or exchangeable only
upon the surrender of such Certificate to the Certificate Registrar at its offices together with an assignment and transfer (executed
by the Holder or his duly authorized attorney), subject to the requirements of Section 5.01(g) and Section 5.02(c),
Section 5.02(d), Section 5.02(e), Section 5.02(f), Section 5.02(g), Section 5.02(h)
and Section 5.02(i) of this Agreement. Upon request of the Certificate Administrator, the Certificate Registrar shall
provide the Certificate Administrator with the names, addresses and Percentage Interests of the Holders.

 

During
the Transfer Restriction Period, the Class VRR Certificates shall only be held as an Individual Certificate in the Class VRR Certificates
Safekeeping Account by the Certificate Administrator (and the Holder of the Class VRR Certificates shall be tracked in the form
of an entry in the Certificate Administrator’s trust accounting system under the Class VRR Certificates Safekeeping Account),
for the benefit of the Holder of the Class VRR Certificates. The Certificate Administrator shall hold the Class VRR Certificates
in safekeeping and shall release the same only upon receipt of (i) a written direction signed by each of the Depositor, the
Retaining Sponsor and the Holder of such Certificate, and in accordance with any authentication procedures as may be utilized
by the Certificate Administrator and in accordance with this Agreement, and (ii) any certifications or other requirements
governing transfers of the Class VRR Certificates required under Section 5.02(n). There shall be, and hereby is, established
by the Certificate Administrator an account which will be designated the “Class VRR Certificates Safekeeping Account”
and into which the Class VRR Certificates shall be held and which shall be governed by and subject to this Agreement. In addition,
on and after the date hereof, the Certificate Administrator may establish any number of subaccounts to the Class VRR Certificates
Safekeeping Account for the related Retaining Party. The Class VRR Certificates to be delivered in physical form to the Certificate
Administrator shall be delivered as set forth herein. Upon receipt by the Certificate Administrator of the Class VRR Certificates
in connection with the initial issuance thereof and, for so long as the Class VRR Certificates are held in the Class VRR

 

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 Certificates
Safekeeping Account by the Certificate Administrator pursuant to this Agreement, upon any transfer or exchange pursuant to this
Article V of the Class VRR Certificates, the Certificate Administrator shall deliver to the related Retaining Party a receipt
in the form set forth in Exhibit S. No amounts distributable with respect to the Class VRR Certificates shall be remitted
to the Class VRR Certificates Safekeeping Account, but instead shall be remitted directly to the applicable Retaining Party in
accordance with written instructions provided separately on the Closing Date (and any updates to such written instructions provided
from time to time) by such Retaining Party to the Certificate Administrator. Under no circumstances by virtue of safekeeping the
Class VRR Certificates shall the Certificate Administrator be obligated to bring legal action or institute proceedings against
any Person on behalf of the Retaining Parties. During the Transfer Restriction Period and for such longer time as the related
Retaining Party may request, the Certificate Administrator shall hold the Class VRR Certificates in definitive, fully registered
form without interest coupons at the below location, or any other location; provided the Certificate Administrator has
given notice to each of the Retaining Parties of such new location:

 

Wells
Fargo Bank, NA

425 E Hennepin Avenue

Minneapolis, MN 55414

Attention: Security Control and Transfer (SCAT) – MAC N9345-010

 

The
Certificate Administrator shall make available to the applicable Retaining Party its respective account information as mutually
agreed upon by the Certificate Administrator and such Retaining Party, and in accordance with the Certificate Administrator’s
policies and procedures. Any transfer of the Class VRR Certificates shall be subject to this Article V. During the
Transfer Restriction Period, unless the Retaining Sponsor and the Depositor otherwise consent in writing, the Certificate Administrator
shall not permit any Person to copy (other than for internal purposes), and shall not itself provide to any Person copies of,
the executed Certificates held by it in the Class VRR Certificates Safekeeping Account.

 

(b)           Upon surrender for registration of transfer of any Individual Certificate, subject to the requirements of Sections 5.02(c),
(d), (e), (f), (g), (h) and (i) of this Agreement, the Certificate Administrator shall
execute and the Authenticating Agent shall duly authenticate in the name of the designated transferee or transferees, one or more
new Certificates in Denominations of a like aggregate Denomination as the Individual Certificate being surrendered. Such Certificates
shall be delivered by the Certificate Registrar in accordance with Section 5.02(e) of this Agreement. Each Certificate
surrendered for registration of transfer shall be canceled and subsequently destroyed by the Certificate Registrar. Each new Certificate
issued pursuant to this Section 5.02 shall be registered in the name of any Person as the transferring Holder may
request, subject to the provisions of Sections 5.01(g) and 5.02(c), (d), (e), (f), (g),
(h) and (i) of this Agreement.

 

(c)          
In addition to the provisions of Sections 5.01(g) and 5.02(d), (e), (f), (g), (h)
and (i) of this Agreement and the rules of the Depository, the exchange, transfer and registration of transfer of Individual
Certificates or beneficial interests in the Global Certificates shall be subject to the following restrictions:

 

(i)           
Transfers between Holders of Individual Certificates. With respect to the transfer and registration of transfer of an Individual
Certificate to a transferee that takes

 

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 delivery in the form of an Individual Certificate (other than transfers of the Class R
or Class LR Certificates, which may be made only in accordance with Section 5.02(i), and transfers of the Class VRR
Certificates during the Transfer Restriction Period, which may only be made in accordance with Section 5.02(n)):

 

(A)       The Certificate Registrar shall register the transfer of an Individual Certificate if (1) the requested transfer is being
made (x) in connection with the initial transfer from an Initial Purchaser to an initial investor or (y) by a transferee
who has provided the Certificate Registrar with an Investment Representation Letter substantially in the form of Exhibit D-1 to this Agreement (an “Investment Representation Letter”), to the effect that the transfer is being made
to a Qualified Institutional Buyer in accordance with Rule 144A or (2) prior to the transfer the related transferee
furnishes to the Certificate Registrar (x) an Investment Representation Letter to the effect that the transfer is being made
to an Institutional Accredited Investor (other than a Qualified Institutional Buyer) or to an Affiliated Person in accordance
with an applicable exemption under the Act, and (y) in the case of a transfer to an Affiliated Person, an opinion of counsel
acceptable to the Certificate Registrar that such transfer is in compliance with the Act; or

 

(B)        The Certificate Registrar shall register the transfer of an Individual Certificate pursuant to Regulation S after the expiration
of the Restricted Period if (1) the transferor has provided the Certificate Registrar with a Regulation S Transfer Certificate
substantially in the form of Exhibit G to this Agreement (a “Regulation S Transfer Certificate”),
and (2) the transferee furnishes to the Certificate Registrar an Investment Representation Letter;

 

and,
in each case, the Certificate Registrar shall register the transfer of an Individual Certificate only if prior to the transfer
the transferee furnishes to the Certificate Registrar a written undertaking by the transferor to reimburse the Trust Fund for
any costs incurred by it in connection with the proposed transfer. In addition, the Certificate Registrar may, as a condition
of the registration of any such transfer, require the transferor to furnish such other certificates, legal opinions or other information
(at the transferor’s expense) as the Certificate Registrar may reasonably require to confirm that the proposed transfer
is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Act and
other applicable laws.

 

(ii)          
Transfers within the Global Certificates. Notwithstanding any provision to the contrary herein, so long as a Global Certificate
remains outstanding and is held by or on behalf of the Depository, transfers within the Global Certificates shall only be made
in accordance with this Section 5.02(c)(ii).

 

(A)       Rule 144A Global Certificate to Regulation S Global Certificate During the Restricted Period. If, during the Restricted
Period, a Beneficial Owner of an interest in a Rule 144A Global Certificate wishes at any time to transfer its beneficial
interest in such Rule 144A Global Certificate to a Person who wishes to take delivery thereof in the form of a beneficial
interest in the related Regulation S Global Certificate, such Beneficial Owner may, in addition to complying with all applicable
rules and procedures of the Depository and Clearstream or Euroclear

 

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 applicable to transfers by their respective participants (the
“Applicable Procedures”), transfer or cause the transfer of such beneficial interest for an equivalent beneficial
interest in such Regulation S Global Certificate only upon compliance with the provisions of this Section 5.02(c)(ii)(A).
Upon receipt by the Certificate Registrar at the Corporate Trust Office of (1) written instructions given in accordance with
the Applicable Procedures from an Agent Member directing the Certificate Registrar to credit or cause to be credited to another
specified Agent Member’s account a beneficial interest in the Regulation S Global Certificate in an amount equal to the
Denomination of the beneficial interest in the Rule 144A Global Certificate to be transferred, (2) a written order given
in accordance with the Applicable Procedures containing information regarding the account of the Agent Member and the Euroclear
or Clearstream account, as the case may be, to be credited with, and the account of the Agent Member to be debited for, such beneficial
interest, and (3) a certificate in the form of Exhibit H to this Agreement given by the Beneficial Owner of such
interest, the Certificate Registrar shall instruct the Depository or the Certificate Custodian, as applicable, to reduce the Denomination
of the Rule 144A Global Certificate by the Denomination of the beneficial interest in the Rule 144A Global Certificate
to be so transferred and, concurrently with such reduction, to increase the Denomination of the Regulation S Global Certificate
by the Denomination of the beneficial interest in the Rule 144A Global Certificate to be so transferred, and to credit or
cause to be credited to the account of the Person specified in such instructions (who shall be an Agent Member acting for or on
behalf of Euroclear or Clearstream, or both, as the ease may be) a beneficial interest in the Regulation S Global Certificate
having a Denomination equal to the amount by which the Denomination of the Rule 144A Global Certificate was reduced upon
such transfer.

 

(B)        Rule 144A
Global Certificate to Regulation S Global Certificate After the Restricted Period. If, after the Restricted Period, a Beneficial
Owner of an interest in a Rule 144A Global Certificate wishes at any time to transfer its beneficial interest in such Rule 144A
Global Certificate to a Person who wishes to take delivery thereof in the form of a beneficial interest in the related Regulation
S Global Certificate, such holder may, in addition to complying with all Applicable Procedures, transfer or cause the transfer
of such beneficial interest for an equivalent beneficial interest in such Regulation S Global Certificate only upon compliance
with the provisions of this Section 5.02(c)(ii)(B). Upon receipt by the Certificate Registrar at the Corporate Trust
Office of (1) written instructions given in accordance with the Applicable Procedures from an Agent Member directing the
Certificate Registrar to credit or cause to be credited to another specified Agent Member’s account a beneficial interest
in the Regulation S Global Certificate in an amount equal to the Denomination of the beneficial interest in the Rule 144A
Global Certificate to be transferred, (2) a written order given in accordance with the Applicable Procedures containing information
regarding the account of the Agent Member and, in the case of a transfer pursuant to and in accordance with Regulation S, the
Euroclear or Clearstream account, as the case may be, to be credited with, and the account of the Agent Member to be debited for,
such beneficial interest, and (3) a certificate in the form of Exhibit I to this Agreement 

 

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given by the Beneficial Owner of such interest, the Certificate Registrar shall instruct the Depository or the Certificate Custodian,
as applicable, to reduce the Denomination of the Rule 144A Global Certificate by the aggregate Denomination of the beneficial
interest in the Rule 144A Global Certificate to be so transferred and, concurrently with such reduction, to increase the
Denomination of the Regulation S Global Certificate by the aggregate Denomination of the beneficial interest in the Rule 144A
Global Certificate to be so transferred, and to credit or cause to be credited to the account of the Person specified in such
instructions a beneficial interest in the Regulation S Global Certificate having a Denomination equal to the amount by which the
Denomination of the Rule 144A Global Certificate was reduced upon such transfer.

 

(C)        Regulation
S Global Certificate to Rule 144A Global Certificate. If the Beneficial Owner of an interest in a Regulation S Global
Certificate wishes at any time to transfer its beneficial interest in such Regulation S Global Certificate to a Person who wishes
to take delivery thereof in the form of a beneficial interest in the related Rule 144A Global Certificate, such Beneficial
Owner may, in addition to complying with all Applicable Procedures, transfer or cause the transfer of such beneficial interest
for an equivalent beneficial interest in such Rule 144A Global Certificate only upon compliance with the provisions of this
Section 5.02(c)(ii)(C). Upon receipt by the Certificate Registrar at the Corporate Trust Office of (1) written
instructions given in accordance with the Applicable Procedures from an Agent Member directing the Certificate Registrar to credit
or cause to be credited to another specified Agent Member’s account a beneficial interest in the Rule 144A Global Certificate
in an amount equal to the Denomination of the beneficial interest in the Regulation S Global Certificate to be transferred, (2) a
written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member
to be credited with, and the account of the Agent Member or, if such account is held for Euroclear or Clearstream, the Euroclear
or Clearstream account, as the case may be, to be debited for, such beneficial interest, and (3) with respect to a transfer
of a beneficial interest in a Regulation S Global Certificate for a beneficial interest in the related Rule 144A Global Certificate
(i) during the Restricted Period, a certificate in the form of Exhibit J to this Agreement given by the holder
of such beneficial interest or (ii) after the Restricted Period, an Investment Representation Letter from the transferee
to the effect that such transferee is a Qualified Institutional Buyer, the Certificate Registrar shall instruct the Depository
or the Certificate Custodian, as applicable, to reduce the Denomination of the Regulation S Global Certificate by the aggregate
Denomination of the beneficial interest in the Regulation S Global Certificate to be transferred, and, concurrently with such
reduction, to increase the Denomination of the Rule 144A Global Certificate by the aggregate Denomination of the beneficial
interest in the Regulation S Global Certificate to be so transferred, and to credit or cause to be credited to the account of
the Person specified in such instructions a beneficial interest in such Rule 144A Global Certificate having a Denomination
equal to the amount by which the Denomination of the Regulation S Global Certificate was reduced upon such transfer.

 

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(iii)          Transfers
from the Global Certificates to Individual Certificates. Any and all transfers from a Global Certificate to a transferee wishing
to take delivery in the form of an Individual Certificate will require the transferee to take delivery subject to the restrictions
on the transfer of such Individual Certificate described in a legend set forth on the face of such Certificate substantially in
the form of Exhibit F to this Agreement (the “Securities Legend”), and such transferee agrees that
it will transfer such Individual Certificate only as provided therein and herein. No such transfer shall be made and the Certificate
Registrar shall not register any such transfer unless such transfer is made in accordance with this Section 5.02(c)(iii).

 

(A)       Transfers of a beneficial interest in a Global Certificate to an Institutional Accredited Investor (other than a Qualified Institutional
Buyer or an initial transfer from an Initial Purchaser to an Institutional Accredited Investor) will require delivery in the form
of an Individual Certificate and the Certificate Registrar shall register such transfer only upon compliance with the provisions
of Section 5.02(c)(i)(A) of this Agreement.

 

(B)        Transfers of a beneficial interest in a Global Certificate to a Qualified Institutional Buyer or a Regulation S Investor wishing
to take delivery in the form of an Individual Certificate will be registered by the Certificate Registrar only upon compliance
with the provisions of Section 5.02(c)(i)(A) and (B) of this Agreement, respectively.

 

(C)        Notwithstanding the foregoing, no transfer of a beneficial interest in a Regulation S Global Certificate to an Individual Certificate
pursuant to subparagraph (B) above shall be made prior to the expiration of the Restricted Period.

 

Upon
acceptance for exchange or transfer of a beneficial interest in a Global Certificate for an Individual Certificate, as provided
herein, the Certificate Registrar shall endorse on the schedule affixed to the related Global Certificate (or on a continuation
of such schedule affixed to such Global Certificate and made a part thereof) an appropriate notation evidencing the date of such
exchange or transfer and a decrease in the Denomination of such Global Certificate equal to the Denomination of such Individual
Certificate issued in exchange therefor or upon transfer thereof. Unless determined otherwise by the Certificate Registrar and
the Depositor in accordance with applicable law, an Individual Certificate issued upon transfer of or exchange for a beneficial
interest in the Global Certificate shall bear the Securities Legend.

 

(iv)          Transfers
of Individual Certificates to the Global Certificates. If a Holder of an Individual Certificate wishes at any time to transfer
such Certificate to a Person who wishes to take delivery thereof in the form of a beneficial interest in the related Regulation
S Global Certificate or the related Rule 144A Global Certificate, such transfer may be effected only in accordance with the
Applicable Procedures and this Section 5.02(c)(iv). Upon receipt by the Certificate Registrar at the Corporate Trust
Office of (l) the Individual Certificate to be transferred with an assignment and transfer pursuant to Section 5.05(a) of this Agreement, (2) written instructions given in accordance with the Applicable Procedures from an Agent Member directing
the Certificate Registrar to credit or cause to

 

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be credited to a specified Agent Member’s
account a beneficial interest in such Regulation S Global Certificate or such Rule 144A Global Certificate, as the case may
be, in an amount equal to the Denomination of the Individual Certificate to be so transferred, (3) a written order given
in accordance with the Applicable Procedures containing information regarding the account of the Agent Member and, in the case
of any transfer pursuant to Regulation S, the Euroclear or Clearstream account, as the case may be, to be credited with such beneficial
interest, and (4) (x) an Investment Representation Letter from the transferee and, if delivery is to be taken in the
form of a beneficial interest in the Regulation S Global Certificate, a Regulation S Transfer Certificate from the transferor
or (y) an Investment Representation Letter from the transferee to the effect that such transferee is a Qualified Institutional
Buyer if delivery is to be taken in the form of a beneficial interest in the Rule 144A Global Certificate, the Certificate
Registrar shall cancel such Individual Certificate, execute and deliver a new Individual Certificate for the Denomination of the
Individual Certificate not so transferred, registered in the name of the Holder or the Holder’s transferee (as instructed
by the Holder), and the Certificate Registrar shall instruct the Depository or the Certificate Custodian, as applicable, to increase
the Denomination of the Regulation S Global Certificate or the Rule 144A Global Certificate, as the case may be, by the Denomination
of the Individual Certificate to be so transferred, and to credit or cause to be credited to the account of the Person specified
in such instructions who, in the case of any increase in the Regulation S Global Certificate during the Restricted Period, shall
be an Agent Member acting for or on behalf of Euroclear or Clearstream, or both, as the case may be, a corresponding Denomination
of the Rule 144A Global Certificate or the Regulation S Global Certificate, as the case may be.

 

It
is the intent of the foregoing that under no circumstances may an Institutional Accredited Investor that is not a Qualified Institutional
Buyer take delivery in the form of a beneficial interest in a Rule 144A Global Certificate other than the initial transfer from
the Initial Purchasers to an Institutional Accredited Investor.

 

(v)          
All Transfers. An exchange of a beneficial interest in a Global Certificate for an Individual Certificate or Certificates,
an exchange of an Individual Certificate or Certificates for a beneficial interest in a Global Certificate and an exchange of
an Individual Certificate or Certificates for another Individual Certificate or Certificates (in each case, whether or not such
exchange is made in anticipation of subsequent transfer, and, in the case of the Global Certificates, so long as the Global Certificates
remain outstanding and are held by or on behalf of the Depository), may be made only in accordance with this Section 5.02 and in accordance with the rules of the Depository and Applicable Procedures.

 

(d)           If Certificates are issued upon the transfer, exchange or replacement of Certificates not bearing the Securities Legend, the Certificates
so issued shall not bear the Securities Legend. If Certificates are issued upon the transfer, exchange or replacement of Certificates
bearing the Securities Legend, or if a request is made to remove the Securities Legend on a Certificate, the Certificates so issued
shall bear the Securities Legend, or the Securities Legend shall not be removed, as the case may be, unless there is delivered
to the Certificate Registrar such satisfactory evidence, which may include an opinion of counsel (at the expense of the party
requesting the removal of such legend) familiar with United States securities laws, as may be reasonably required by the Certificate
Registrar, that neither the Securities Legend nor the

 

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 restrictions on transfers set forth therein are required to ensure that
transfers of any Certificate comply with the provisions of Rule 144A or Rule 144 under the Act or that such Certificate is
not a “restricted security” within the meaning of Rule 144 under the Act. Upon provision of such satisfactory evidence,
the Certificate Registrar shall execute and deliver a Certificate that does not bear the Securities Legend.

 

(e)          
Subject to the restrictions on transfer and exchange set forth in Section 5.01(i) and in this Section 5.02,
the Holder of any Individual Certificate may transfer or exchange the same in whole or in part (with a denomination equal to any
authorized denomination) by surrendering such Certificate at the office of the Certificate Administrator or at the office of any
transfer agent appointed as provided under this Agreement, together with an instrument of assignment or transfer (executed by
the Holder or its duly authorized attorney), in the case of transfer, and a written request for exchange, in the case of exchange.
Following a proper request for transfer or exchange, the Certificate Registrar shall, within five Business Days of such request
if made at such office of the Certificate Registrar or within ten Business Days if made at the office of a transfer agent (other
than the Certificate Registrar), execute and deliver at the office of the Certificate Registrar or at the office of such transfer
agent, as the case may be, to the transferee (in the case of transfer) or Holder (in the case of exchange) or send by first-class
mail (at the risk of the transferee in the case of transfer or Holder in the case of exchange) to such address as the transferee
or Holder, as applicable, may request, an Individual Certificate or Certificates, as the case may require, for a like aggregate
Denomination and in such Denomination or Denominations as may be requested. The presentation for transfer or exchange of any Individual
Certificate shall not be valid unless made at the office of the Certificate Registrar or at the office of a transfer agent by
the registered Holder in person, or by a duly authorized attorney-in-fact. The Certificate Registrar may decline to accept any
request for an exchange or registration of transfer of any Certificate during the period of 15 days preceding any Distribution
Date.

 

(f)           
An Individual Certificate (other than an Individual Certificate issued in exchange for a beneficial interest in a Global Certificate
pursuant to Section 5.01 of this Agreement) or a beneficial interest in a Global Certificate may only be transferred
to Eligible Investors or Regulation S Investors, as described herein. In the event that a Responsible Officer of the Certificate
Registrar has actual knowledge that such an Individual Certificate or beneficial interest in a Global Certificate is being held
by or for the benefit of a Person who is not an Eligible Investor, or that such holding is unlawful under the laws of a relevant
jurisdiction, then the Certificate Registrar shall have the right to void such transfer, if permitted under applicable law, or
to require the investor to sell such Individual Certificate or beneficial interest in a Global Certificate to an Eligible Investor
within fourteen days after notice of such determination and each Certificateholder by its acceptance of a Certificate authorizes
the Certificate Registrar to take such action.

 

(g)           Subject to the provisions of this Section 5.02 regarding transfer and exchange, transfers of the Global Certificates
shall be limited to transfers of such Global Certificates in whole, but not in part, to nominees of the Depository or to a successor
of the Depository or such successor’s nominee.

 

(h)           No fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange referred to in this Section 5.02 other than for transfers to Institutional Accredited Investors that are
not Qualified Institutional

 

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 Buyers, as provided herein. In connection with any transfer to an Institutional Accredited Investor,
the transferor shall reimburse the Trust Fund for any costs (including the cost of the Certificate Registrar’s counsel’s
review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate Registrar as provided
herein) incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment
by each transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such
transfer.

 

(i)           
Subject to Section 5.02(e) of this Agreement, transfers of the Class R and Class LR Certificates may be
made only in accordance with this Section 5.02(i). The Certificate Registrar shall register the transfer of a Class R
or Class LR Certificate only if (x) the transferor has advised the Certificate Registrar in writing that such Certificate
is being transferred to a Qualified Institutional Buyer or an Affiliated Person and (y) prior to such transfer the transferee
furnishes to the Certificate Registrar an Investment Representation Letter. In addition, the Certificate Registrar may as a condition
of the registration of any such transfer require the transferor to furnish such other certifications, legal opinions or other
information (at the transferor’s expense) as it may reasonably require to confirm that the proposed transfer is being made
pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Act and other applicable
laws.

 

(j)           
No transfer, sale, pledge or other disposition of any Certificate or interest therein shall be made unless that transfer, sale,
pledge or other disposition is exempt from the registration and/or qualification requirements of the Act and any applicable state
securities laws, or is otherwise made in accordance with the Act and such state securities laws. Neither the Depositor, the Master
Servicer, the Special Servicer, the Certificate Administrator, the Trustee nor the Certificate Registrar are obligated to register
or qualify the Certificates under the Act or any other securities law or to take any action not otherwise required under this
Agreement to permit the transfer of such Certificates without registration or qualification. Any Certificateholder desiring to
affect such a transfer shall, and does hereby agree to, indemnify the Depositor, the Master Servicer, the Special Servicer, the
Certificate Administrator, the Trustee, the Initial Purchasers and the Certificate Registrar, against any loss, liability or expense
that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.

 

(k)            No transfer of any Class F, Class VRR Certificate, Class R or Class LR Certificate (each, a “Restricted Certificate”)
shall be made to (i) an employee benefit plan subject to the fiduciary responsibility provisions of ERISA, or to Section 4975
of the Code, or a governmental plan, as defined in Section 3(32) of ERISA, or other plan subject to any federal, state or
local law (“Similar Law”) which is to a material extent similar to the foregoing provisions of ERISA or the
Code (each, a “Plan”) or (ii) any Person acting on behalf of any Plan or using the assets of any Plan
to acquire any such Restricted Certificate, other than, in the case of the Class VRR Certificates, insurance company general accounts
purchasing and holding under circumstances that meet all of the requirements of Sections I and III of Prohibited Transaction Exemption
95-60 or, in the case of a Plan subject to Similar Law, under circumstances such that the acquisition, holding and disposition
of the ERISA Restricted Certificates will not result in a non-exempt violation of Similar Law. Each prospective transferee of
a Restricted Certificate (other than in the case of the initial transfer from the Initial Purchasers to an initial investor) shall
deliver to the Depositor, the Certificate Registrar and the Certificate Administrator, a transfer or

 

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representation letter, substantially
in the form of Exhibit D-2 to this Agreement, stating that the prospective transferee is not and will not become
a Person referred to in (i) or (ii) above. Neither the Certificate Administrator nor the Certificate Registrar shall register
a Class VRR Certificate, Class R or Class LR Certificate in any Person’s name unless such Person has provided
the letter referred to in clause (ii) of the preceding sentence. Each beneficial owner of a Certificate (other than a Class
R or Class LR Certificate) or any interest therein will be deemed to have represented, by virtue of its acquisition or holding
of such Certificate or interest therein, that (i) it is not a Plan and is not acting on behalf of or using the assets of
a Plan to purchase the Certificates, as applicable, (ii) in the case of a Certificate that meets the rating requirements
of the Underwriter Exemption at the time of purchase, that (w) it has acquired and is holding such Certificate or an interest
therein in reliance on the Underwriter Exemption, (or, in the case of a Plan subject to Similar Law, its acquisition, holding
and disposition of the Certificate will not result in a non-exempt violation of Similar Law), (x) its acquisition, holding
and disposition of the ERISA Eligible Certificate or interest therein will not constitute or result in a non-exempt violation
of Section 406 of ERISA or Section 4975 of the Code (or, in the case of a Plan subject to Similar Law, will not result
in a non-exempt violation of Similar Law) and (y) it is an “accredited investor” as defined in Rule 501(a)(1)
of Regulation D, or (iii) it is an insurance company general account and all requirements of Sections I and III of PTCE 95-60
will be met with respect to its acquisition, holding and disposition of the Certificates (or, in the case of a Plan subject to
Similar Law, that its acquisition, holding and disposition of the Certificates will not result in a non-exempt violation of Similar
Law). Any transfer of a Certificate that would violate these restrictions or result in a non-exempt prohibited transaction under
ERISA or Section 4975 of the Code or Similar Law shall be deemed absolutely null and void ab initio.

 

Each
purchaser of Certificates that is a Plan subject to ERISA and/or Section 4975 of the Code (“ERISA Plan”)
or is acting on behalf of or using the assets of an ERISA Plan will be deemed to have represented and warranted that (i) none
of the Depositor, the Initial Purchasers, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer,
the Sponsors or any of their respective affiliated entities, has provided any investment advice within the meaning of Section 3(21)
of ERISA (and the applicable regulations) to the ERISA Plan or the fiduciary making the investment decision for the ERISA Plan
in connection with the ERISA Plan’s acquisition of Certificates, and (ii) the ERISA Plan fiduciary making the decision
to acquire the Certificates is exercising its own independent judgment in evaluating the investment in the Certificates.

 

(l)           
Each Person who has or acquires any Ownership Interest shall be deemed by the acceptance or acquisition of such Ownership Interest
to have agreed to be bound by the following provisions and the rights of each Person acquiring any Ownership Interest are expressly
subject to the following provisions:

 

(i)           
Each Person acquiring or holding any Ownership Interest shall be a Permitted Transferee and shall not acquire or hold such Ownership
Interest as agent (including a broker, nominee or other middleman) on behalf of any Person that is not a Permitted Transferee.
Any such Person shall promptly notify the Certificate Registrar of any change or impending change in its status (or the status
of the beneficial owner of such Ownership Interest) as a Permitted Transferee. Any acquisition described in the first sentence
of this Section 5.02(l) by a Person who is not a Permitted Transferee or by a

 

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Person who is acting as an agent of
a Person who is not a Permitted Transferee shall be void and of no effect, and the immediately preceding owner who was a Permitted
Transferee shall be restored to registered and beneficial ownership of the Ownership Interest as fully as possible.

 

(ii)          
No Ownership Interest may be Transferred, and no such Transfer shall be registered in the Certificate Register, without the express
written consent of the Certificate Registrar (such consent not to be unreasonably withheld), and the Certificate Registrar shall
not recognize the Transfer, and such proposed Transfer shall not be effective, without such consent with respect thereto. In connection
with any proposed Transfer of any Ownership Interest, the Certificate Registrar shall, as a condition to such consent, (x) require
delivery to it in form and substance satisfactory to it, and the proposed transferee shall deliver to the Certificate Registrar
and to the proposed transferor an affidavit in substantially the form attached as Exhibit C-1 (a “Transferee
Affidavit”) of the proposed transferee (A) that such proposed transferee is a Permitted Transferee and (B) stating
that (i) the proposed transferee historically has paid its debts as they have come due and intends to do so in the future,
(ii) the proposed transferee understands that, as the holder of an Ownership Interest, it may incur liabilities in excess
of cash flows generated by the residual interest, (iii) the proposed transferee intends to pay taxes associated with holding
the Ownership Interest as they become due, (iv) the proposed transferee will not transfer the Ownership Interest to any Person
that does not provide a Transferee Affidavit or as to which the proposed transferee has actual knowledge that such Person is not
a Permitted Transferee or is acting as an agent (including a broker, nominee or other middleman) for a Person that is not a Permitted
Transferee, (v) the proposed transferee will not cause income from the Class R or Class LR Certificate to be attributable
to a foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty, of the proposed transferee
or any other U.S. Person and (vi) the proposed transferee expressly agrees to be bound by and to abide by the provisions
of this Section 5.02(l) and (y) other than in connection with the initial issuance of the Class R
and Class LR Certificates, require a statement from the proposed transferor substantially in the form attached as Exhibit C-2
(the “Transferor Certificate”), that the proposed transferor has no actual knowledge that the proposed
transferee is not a Permitted Transferee and has no actual knowledge or reason to know that the proposed transferee’s statements
in the Transferee Affidavit are false.

 

(iii)         
Notwithstanding the delivery of a Transferee Affidavit by a proposed transferee under clause (ii) above, if a Responsible
Officer of the Certificate Registrar has actual knowledge that the proposed transferee is not a Permitted Transferee, no Transfer
to such proposed transferee shall be effected and such proposed Transfer shall not be registered on the Certificate Register;
provided, however, that the Certificate Registrar shall not be required to conduct any independent investigation
to determine whether a proposed transferee is a Permitted Transferee.

 

Neither
the Certificate Administrator nor the Certificate Registrar shall have any obligation or duty to monitor, determine or inquire
as to compliance with any restriction or transfer imposed under Article V of this Agreement or under applicable law
with respect to any transfer of any Certificate (including, without limitation, the Securities Legend), or any interest therein,
other than to require delivery of the certification(s) and/or opinions of counsel described in Article V

 

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 applicable
with respect to changes in registration of record ownership of Certificates in the Certificate Register. The Certificate Administrator
and the Certificate Registrar shall have no liability for transfers, including transfers made through the book-entry facilities
of the Depository or between or among Depository Participants or Beneficial Owners made in violation of applicable restrictions.

 

Upon
written notice to the Certificate Registrar, or upon the Certificate Registrar having actual knowledge, that there has occurred
a Transfer of an Ownership Interest to any Person that is a Disqualified Organization or an agent thereof (including a broker,
nominee, or middleman) in contravention of the foregoing restrictions, and in any event not later than 60 days after a request
for information from the transferor of such Ownership Interest, or such agent, the Certificate Registrar and the Certificate Administrator
agree to furnish to the IRS and the transferor of such Ownership Interest or such agent such information necessary to the application
of Section 860E(e) of the Code as may be required by the Code, including, but not limited to, the present value of the total
anticipated excess inclusions with respect to such Class R or Class LR Certificate (or portion thereof) for periods
after such Transfer. At the election of the Certificate Registrar and the Certificate Administrator, the Certificate Registrar
and the Certificate Administrator may charge a reasonable fee for computing and furnishing such information to the transferor
or to such agent referred to above; provided, however, that such Persons shall in no event be excused from furnishing
such information.

 

(m)          Notwithstanding any other provision of this Agreement, the Certificate Administrator shall comply with all federal withholding
requirements respecting payments to Certificateholders and other payees of interest or original issue discount that the Certificate
Administrator reasonably believes are applicable under the Code. The consent of Certificateholders or payees shall not be required
for such withholding, and the Certificateholders shall be required to provide the Certificate Administrator information relating
to such Certificateholder solely to the extent necessary for the Certificate Administrator to determine any required withholding
amounts. If the Certificate Administrator does withhold any amount from interest or original issue discount payments or advances
thereof to any Certificateholder or payee pursuant to federal withholding requirements, the Certificate Administrator shall indicate
the amount withheld to such Person. Such amounts shall be deemed to have been distributed to such Persons for all purposes of
this Agreement. In connection with the foregoing, such holders shall be required to provide any information that the Certificate
Administrator may reasonably request to perform its tax obligations.

 

(n)           At all times during the Transfer Restriction Period, if a transfer of any Class VRR Certificates after the Closing Date is to
be made, then the Certificate Administrator in conjunction with the Certificate Registrar shall refuse to register such transfer
unless it receives (and, upon receipt, may conclusively rely upon) (i) a certification from such Certificateholder’s
prospective Transferee substantially in the form attached hereto as Exhibit C-3, which such certification must
be countersigned by the applicable Retaining Party, the Retaining Sponsor (if different) and the Depositor with a medallion stamp
guarantee of such Retaining Party, the Retaining Sponsor (if different) and the Depositor, (ii) a certification from the
Certificateholder desiring to effect such transfer substantially in the form attached hereto as Exhibit C-4, which
such certification must be countersigned by the applicable Retaining Party, the Retaining Sponsor (if different) and the Depositor
with a medallion stamp guarantee of such Retaining Party, the

 

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Retaining Sponsor (if different) and the Depositor, (iii) an
IRS Form W9 completed by the prospective Transferee and (iv) wiring instructions and contact information of the prospective
Transferee. Upon receipt of the foregoing certifications, the Certificate Registrar shall, subject to Section 5.02(e),
register the Transfer of the Class VRR Certificate, reflect such Class VRR Certificate in the name of the prospective Transferee
and deliver written confirmation substantially in the form of Exhibit S. The Certificate Registrar shall not register
a Transfer of any Class VRR Certificate after the Closing Date during the Transfer Restriction Period unless it is so instructed
by the Certificate Administrator. After the termination of the Transfer Restriction Period, if a transfer of a Class VRR Certificate
is to be made and such Class VRR Certificate is in the Class VRR Certificates Safekeeping Account, then upon receipt of: (i) a
certification from such Certificateholder’s prospective Transferee substantially in the form attached hereto as Exhibit C-3,
which such certification must be countersigned by the Retaining Sponsor with a medallion stamp guarantee of the Retaining Sponsor
and (ii) a certification from the Certificateholder desiring to effect such transfer substantially in the form attached hereto
as Exhibit C-4, which such certification must be countersigned by the Retaining Sponsor with a medallion stamp
guarantee of the Retaining Sponsor, the Certificate Administrator (which may conclusively rely upon such certifications) shall
instruct the Certificate Registrar to register such Transfer, and upon receipt of the Certificate Administrator’s instruction,
the Certificate Registrar shall register the Transfer of the Class VRR Certificate and reflect such Class VRR Certificate in the
name of the prospective Transferee. After the termination of the Transfer Restriction Period, if a transfer of a Class VRR Certificate
is to be made and such Class VRR Certificate is in the Class VRR Certificates Safekeeping Account, the Certificate Registrar shall
not register a Transfer of such Class VRR Certificate unless it is so instructed by the Certificate Administrator. For the avoidance
of doubt, in no event shall a Class VRR Certificate be held as a Book-Entry Certificate during the Transfer Restriction Period.
After the Transfer Restriction Period, a Class VRR Certificate may be transferred subject to the restrictions on transfer set
forth in this Article V. Any transfer of an interest in a Class VRR Certificate that is not in compliance with this Section 5.02 shall be null and void ab initio to the extent permitted under applicable law.

 

Section 5.03    
Mutilated, Destroyed, Lost or Stolen Certificates. If (i) any mutilated Certificate is surrendered to the Certificate
Registrar, or the Certificate Registrar receives evidence to its satisfaction of the destruction, loss or theft of any Certificate,
and (ii) there is delivered to the Certificate Registrar such security or indemnity as may be required by it to save it and
the Certificate Administrator harmless, then, in the absence of actual knowledge by a Responsible Officer of the Certificate Registrar
that such Certificate has been acquired by a bona fide purchaser, the Certificate Administrator or the Authenticating Agent shall
execute and authenticate and the Certificate Registrar shall deliver, in exchange for or in lieu of any such mutilated, destroyed,
lost or stolen Certificate, a new Certificate of the same Class and of like tenor and Percentage Interest. Upon the issuance of
any new Certificate under this Section 5.03, the Certificate Registrar may require the payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees
and expenses of the Certificate Registrar) connected therewith. Any replacement Certificate issued pursuant to this Section 5.03 shall constitute complete and indefeasible evidence of ownership of the corresponding interest in the Trust Fund, as if originally
issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.

 

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Section 5.04    
Appointment of Paying Agent. The Certificate Administrator may appoint a paying agent for the purpose of making distributions
to Certificateholders pursuant to Section 4.01 of this Agreement. The Certificate Administrator shall cause such Paying
Agent, if other than the Certificate Administrator, the Trustee or the Master Servicer, to execute and deliver to the Master Servicer
and the Trustee an instrument in which such Paying Agent shall agree with the Master Servicer and the Trustee that such Paying
Agent will hold all sums held by it for the payment to Certificateholders in trust for the benefit of the Certificateholders entitled
thereto until such sums have been paid to the Certificateholders or disposed of as otherwise provided herein. The initial Paying
Agent shall be the Certificate Administrator. Except for the Certificate Administrator, as the initial Paying Agent, the Paying
Agent shall at all times be an entity having a long-term unsecured debt rating of at least “A-” from S&P and the
equivalent rating from KBRA (or, if not rated by KBRA, an equivalent (or higher) rating by any two other NRSROs), or shall be
otherwise acceptable to each Rating Agency, as confirmed by a receipt of a Rating Agency Confirmation.

 

Section 5.05    
Access to Certificateholders’ Names and Addresses; Special Notices. (a)  If any Certifying Certificateholder
or the Master Servicer (for purposes of this Section 5.05, an “Applicant”) applies in writing to
the Certificate Registrar, and such application states that the Applicant desires to communicate with other Certificateholders,
the Certificate Registrar shall furnish or cause to be furnished to such Applicant a list of the names and addresses of the Certificateholders
as of the most recent Record Date, at the expense of the Applicant.

 

(b)           Every Certificateholder, by receiving and holding its Certificate, agrees with the Certificate Administrator and the Certificate
Registrar that the Certificate Administrator and the Certificate Registrar shall not be held accountable in any way by reason
of the disclosure of any information as to the names and addresses of the Certificateholders hereunder, regardless of the source
from which such information was derived.

 

(c)          
Upon the written request of any Certifying Certificateholder that (a) states that such Certificateholder desires the Certificate
Administrator to transmit a notice to all Certificateholders stating that such Certificateholder wishes to be contacted by other
Certificateholders, setting forth the relevant contact information and briefly stating the reason for the requested contact and
(b) provides a copy of the Special Notice which such Certificateholder proposes to transmit, the Certificate Administrator
shall deliver such Special Notice to all Certificateholder at their respective addresses appearing on the Certificate Register.
The costs and expenses of the Certificate Administrator associated with delivering with any such Special Notice shall be borne
by the party requesting such Special Notice. Every Certificateholder, by receiving and holding a Certificate, agrees that neither
the Certificate Administrator nor the Certificate Registrar shall be held accountable by reason of the disclosure of any such
Special Notice to Certificateholders, regardless of the information set forth in such Special Notice.

 

Section 5.06    
Actions of Certificateholders. (a)  Any request, demand, authorization, direction, notice, consent, waiver or
other action provided by this Agreement to be given or taken by Certificateholders may be embodied in and evidenced by one or
more instruments of substantially similar tenor signed by such Certificateholders in person or by agent duly appointed in writing;
and except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are
delivered to the Certificate Administrator and the Trustee and, when required, to the Master Servicer. Proof of execution of

 

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any
such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Agreement and conclusive
in favor of the Certificate Administrator, the Trustee and the Master Servicer, if made in the manner provided in this Section.

 

(b)           The fact and date of the execution by any Certificateholder of any such instrument or writing may be proved in any reasonable
manner which the Certificate Administrator or the Trustee deems sufficient.

 

(c)          
Any request, demand, authorization, direction, notice, consent, waiver or other act by a Certificateholder shall bind every Holder
of every Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of
anything done, or omitted to be done, by the Certificate Administrator or the Trustee or the Master Servicer in reliance thereon,
whether or not notation of such action is made upon such Certificate.

 

(d)           The Certificate Administrator, the Trustee or Certificate Registrar may require such additional proof of any matter referred to
in this Section 5.06 as it shall deem necessary.

 

Section 5.07    
Rule 144A Information. (a) The Certificate Administrator shall, upon request of any Certifying Certificateholder that is
a Holder of a Certificate, or any beneficial owner of a Certificate, furnish to such Holder or beneficial owner, or to a prospective
purchaser that is designated by such Holder or beneficial owner and that is a Qualified Institutional Buyer, the information required
to be delivered under Rule 144A(d)(4) under the Act, to the extent such information has been provided to the Certificate Administrator
and has been identified as Rule 144A information by the Depositor (which shall include all information on the Certificate Administrator’s
Website and all information currently required to be made available to Certificateholders, as well as any other specifically identified
information herein).

 

ARTICLE
VI

THE DEPOSITOR, THE MASTER SERVICER, THE SPECIAL SERVICER and THE DIRECTING HOLDER

 

Section 6.01    
Liability of the Depositor, the Master Servicer and the Special Servicer. The Depositor, the Master Servicer and the Special
Servicer each shall be liable in accordance herewith only to the extent of the obligations specifically imposed by this Agreement.

 

Section 6.02    
Merger or Consolidation of either the Master Servicer, the Special Servicer or the Depositor. Subject to the following
paragraph, each of the Master Servicer and the Special Servicer will keep in full effect its existence, rights and good standing
as a national banking association under the laws of the United States of America and will not jeopardize its ability to do business
in the jurisdiction in which the Mortgaged Property securing the Trust Loan is located or to protect the validity and enforceability
of this Agreement, the Certificates or the Trust Loan and to perform its respective duties under this Agreement.

 

Each
of the Master Servicer, the Special Servicer or the Depositor may be merged or consolidated with or into any Person, or transfer
all or substantially all of its assets to any Person, in which case any Person into which the Master Servicer, the Special Servicer
or the Depositor

 

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may be merged or consolidated, or any Person resulting from any merger or consolidation to which the Master Servicer,
the Special Servicer or the Depositor is a party, or any Person succeeding to the business of the Master Servicer, the Special
Servicer or the Depositor, shall be the successor of the Master Servicer, the Special Servicer or the Depositor, as applicable,
hereunder, and shall be deemed to have assumed all of the liabilities of the Master Servicer, the Special Servicer or the Depositor,
as applicable, hereunder, without the consent of any other party to this Agreement if each of the Rating Agencies has provided
a No Downgrade Confirmation (and each rating agency then rating any Companion Loan Securities has provided a No Downgrade Confirmation)
relating to the Certificates; provided, however, that no Rating Agency shall be required to provide a No Downgrade
Confirmation if (x) the Master Servicer, the Special Servicer or the Depositor is merged into or consolidated with a Qualified
Affiliate or transfers all or substantially all of its assets to a Qualified Affiliate or (y) the Master Servicer or the
Special Servicer enters into a merger and the Master Servicer or the Special Servicer, as applicable, is the surviving entity
under the applicable law, in which case, the Master Servicer or the Special Servicer, as applicable, shall also not, as a result
of the merger, be required to obtain the consent of the Depositor. Notwithstanding the foregoing, no Master Servicer or Special
Servicer may remain the Master Servicer or Special Servicer under this Agreement after (x) being merged or consolidated with
or into any Person that is a Prohibited Party, or (y) transferring all or substantially all of its assets to any Person if
such Person is a Prohibited Party, except to the extent (i) the Master Servicer or the Special Servicer is the surviving
entity of such merger, consolidation or transfer and has been and continues to be in compliance with its Regulation AB reporting
obligations hereunder or (ii) the Depositor consents to such merger, consolidation or transfer, which consent shall not be
unreasonably withheld.

 

Section 6.03    
Limitation on Liability of the Depositor, the Master Servicer and Others. (a)  None of the Depositor, the Master
Servicer, the Special Servicer or any Affiliates, directors, officers, employees, shareholders, members, managers or agents (including
sub-servicers) of the Depositor, the Master Servicer or the Special Servicer shall be under any liability to the Trust Fund, the
Certificateholders, the Companion Loan Holders or any third party beneficiary for taking any action, or for refraining from the
taking of any action, in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that
this provision shall not protect the Depositor, the Master Servicer or the Special Servicer, or any member, manager, director,
officer, employee, shareholder or agent (including sub-servicers) of the Depositor, the Master Servicer or the Special Servicer,
against any breach of representations and warranties made herein, or against any liability which would otherwise be imposed by
reason of willful misconduct, bad faith, fraud or negligence (or in the case of the Master Servicer or the Special Servicer, by
reason of any specific liability imposed hereunder for a breach of the Servicing Standard) in the performance of duties or by
reason of negligent disregard of obligations or duties hereunder. The Depositor, the Master Servicer, the Special Servicer and
any Affiliate, member, manager, shareholder, director, officer, employee or agent of the Depositor, the Master Servicer or the
Special Servicer may rely in good faith on any document of any kind which, prima facie, is properly executed and submitted
by any appropriate Person respecting any matters arising hereunder. In addition, in no event shall the Depositor be obligated
to cause any party to perform or comply with the obligations to remit the CREFC® License Fee to CREFC®,
to report any such CREFC® License Fee so paid or to make available any Distribution Date Statement to any party
(or in particular, CREFC®).

 

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The
Trust Fund and each Companion Loan Holder shall be indemnified and held harmless by each of the Master Servicer and the Special
Servicer (severally and not jointly) for any loss, liability or expense (including legal fees and expenses) incurred in connection
with any claim, loss, penalty, fine, foreclosure, judgment or liability relating to this Agreement, the Certificates, incurred
by the Trust Fund or any Companion Loan Holder, as applicable, by reason of willful misconduct, bad faith, fraud or negligence
in the performance of duties hereunder, or by reason of negligent disregard of obligations and duties thereunder, on the part
of such indemnifying party.

 

The
Depositor, the Master Servicer, the Special Servicer and any Affiliate, director, officer, employee, shareholder, member, manager
or agent of the Depositor, the Master Servicer and the Special Servicer shall be indemnified and held harmless by the Trust Fund
for any loss, liability or expense (including legal fees and expenses) incurred in connection with any claim, loss, penalty, fine,
foreclosure, judgment, liability or legal action relating to this Agreement, the Certificates, other than any loss, liability
or expense (including legal fees and expenses) (i) incurred by reason of such party’s willful misconduct, bad faith,
fraud or negligence in the performance of duties hereunder or by reason of its negligent disregard of obligations and duties thereunder
or (ii) in the case of the Depositor and any of its directors, officers, members, managers, employees, shareholders and agents,
incurred in connection with any violation by any of them of any state or federal securities law; provided that such indemnified
parties shall be paid out of the Collection Account (in accordance with Section 3.06 of this Agreement), provided that the Master Servicer shall, after receiving payment from amounts on deposit in the Collection Account, promptly notify
the Companion Loan Holders and use efforts consistent with the Servicing Standard to exercise on behalf of the Trust any rights
under the Co-Lender Agreement to obtain reimbursement for a pro rata portion of such amount allocable to each Companion
Loan from the related Companion Loan Holder.

 

(b)           None of the Depositor, the Master Servicer or the Special Servicer shall be under any obligation to appear in, prosecute or defend
any legal action, unless such action relates to its respective duties under this Agreement and which in its opinion does not expose
it to any expense or liability not recoverable from the Trust Fund; provided, however, that each of the Depositor,
the Master Servicer or the Special Servicer may in its discretion undertake any such action that it may deem necessary or desirable
in respect to this Agreement and the rights and duties of the parties hereto and the interests of the Certificateholders and the
Companion Loan Holders hereunder. In such event, the legal expenses and costs of such action and any liability resulting therefrom
shall be expenses, costs and liabilities of the Trust Fund, and the Depositor, the Master Servicer and the Special Servicer shall
be entitled to be reimbursed therefor from the Collection Account (in accordance with Section 3.06 of this Agreement)
no later than 60 days after submitting such expenses or costs for reimbursement, provided that a failure to reimburse such
parties within such 60 days will not affect or limit such parties’ rights to receive reimbursement hereunder; provided that such amounts shall be allocated in accordance with the expense allocation provision of the Co-Lender Agreement.

 

(c)          
The terms of this Section 6.03 shall survive the termination of any party hereto or of this Agreement.

 

(d)           For the avoidance of doubt, with respect to any indemnification provisions in this Agreement providing that the Trust or a party
to this Agreement is required to indemnify

 

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another party to this Agreement for costs, attorney’s fees and expenses, such
costs, fees and expenses are intended to include costs, reasonable attorney’s fees and expenses relating to the enforcement
of such indemnity (but only after a non-appealable final judgment or court order in favor of the indemnified party with respect
to such indemnity or as agreed to by the related parties pursuant to the settlement or otherwise).

 

Section 6.04       
Limitation on Resignation of the Master Servicer and the Special Servicer; Termination of the Master Servicer and the Special
Servicer. (a)  Each of the Master Servicer and the Special Servicer may assign their respective rights and delegate
their respective duties and obligations under this Agreement, provided that: (i) the party accepting such assignment
and delegation (A) shall be an established mortgage finance institution, bank or mortgage servicing institution, organized
and doing business under the laws of the United States of America, any state of the United States of America or the District of
Columbia, authorized under such laws to perform the duties of the Master Servicer or Special Servicer or a Person resulting from
a merger, consolidation or succession that is permitted under Section 6.02 of this Agreement, (B) shall be acceptable
to each Rating Agency as confirmed in a No Downgrade Confirmation delivered to the Trustee and the Certificate Administrator relating
to the Certificates and the Companion Loan Securities, if any, (C) shall execute and deliver to the Trustee and the Certificate
Administrator an agreement that contains an assumption by such Person of the due and punctual performance and observance of each
covenant and condition to be performed or observed by the Master Servicer or Special Servicer, as applicable under this Agreement
from and after the date of such agreement, (D) shall not be a Prohibited Party and (E) with respect to the Special Servicer
(x) during any Subordinate Control Period, has been appointed by the Directing Holder or (y) during any Subordinate
Consultation Period, is reasonably acceptable to the Directing Holder and the Depositor; (ii) the Master Servicer or the
Special Servicer shall not be released from its obligations under this Agreement that arose prior to the effective date of such
assignment and delegation under this Section 6.04; (iii) the rate at which the Servicing Compensation or Special Servicing
Compensation, as applicable (or any component thereof) is calculated shall not exceed the rate then in effect; and (iv) the
resigning Master Servicer or Special Servicer shall be responsible for the reasonable costs and expenses of each other party hereto
and the Rating Agencies in connection with such transfer. Upon acceptance of such assignment and delegation, the purchaser or
transferee shall be the successor Master Servicer or Special Servicer, as applicable, hereunder.

 

(b)           Except as provided in Section 6.02 of this Agreement and this Section 6.04, the Master Servicer and the
Special Servicer shall not resign from its respective obligations and duties hereby imposed on it except upon either (i) the
determination that such duties hereunder are no longer permissible under applicable law or (ii) in connection with the assignment
of rights and delegation of duties as set forth in Section 6.04(a). Any such determination described in clause
(i) above permitting the resignation of the Master Servicer or the Special Servicer, as applicable, shall be evidenced by
an Opinion of Counsel (obtained at the resigning Master Servicer’s or Special Servicer’s expense) to such effect delivered
to the Trustee, the Certificate Administrator and during any Subordinate Control Period and any Subordinate Consultation Period,
the Directing Holder. In connection with any such resignation, the successor special servicer shall either: (i) during any
Subordinate Control Period, be appointed by the Directing Holder in accordance with the first paragraph of Section 7.01(c);
or (ii) after termination of any Subordinate Control Period, be appointed by the Trustee and, during any Subordinate Consultation
Period, be

 

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reasonably acceptable to the Directing Holder, and otherwise satisfy the requirements for a successor special servicer
set forth in Section 6.04; provided that the Trustee shall have obtained a No Downgrade Confirmation from each
Rating Agency.

 

(c)          
The Trustee shall be permitted to remove the Master Servicer or the Special Servicer upon a Master Servicer Termination Event
or Special Servicer Termination Event, as applicable. Without limiting the generality of the succeeding paragraph, no such removal
shall be effective unless and until (i) the Master Servicer or the Special Servicer has been paid any unpaid Servicing Compensation
or Special Servicing Compensation, as applicable, unreimbursed Advances (including Advance Interest Amounts thereon to which it
is entitled) and all other amounts to which the Master Servicer or the Special Servicer is entitled hereunder to the extent such
amounts accrue prior to such effective date and (ii) with respect to a resignation by the Master Servicer, the successor
Master Servicer has deposited into the Investment Accounts from which amounts were withdrawn to reimburse the terminated Master
Servicer, an amount equal to the amounts so withdrawn, to the extent such amounts would not have been permitted to be withdrawn
except pursuant to this paragraph, in which case the successor Master Servicer shall, immediately upon deposit, have the same
right of reimbursement or payment as the terminated Master Servicer had immediately prior to its termination without regard to
the operation of this paragraph.

 

No
resignation or removal of the Master Servicer or the Special Servicer as contemplated by the preceding paragraphs shall become
effective until the Trustee or a successor Master Servicer or Special Servicer shall have assumed the resigning or terminated
Master Servicer’s or the Special Servicer’s responsibilities, duties, liabilities and obligations hereunder. If no
successor Master Servicer or Special Servicer can be obtained to perform such obligations for the same compensation to which the
terminated Master Servicer or Special Servicer would have been entitled, additional amounts payable to such successor Master Servicer
or Special Servicer shall be treated as Realized Losses.

 

Section 6.05    
Rights of the Depositor and the Trustee in Respect of the Master Servicer and the Special Servicer. Solely with respect
to their performance of their respective duties under this Agreement, the Master Servicer and the Special Servicer shall afford
the Depositor, the Initial Purchasers, the Certificate Administrator, the Trustee and the Rating Agencies, upon reasonable notice,
during normal business hours access to all records maintained by it in respect of its rights and obligations hereunder and access
to its officers responsible for such obligations. Upon written request, the Master Servicer and/or the Special Servicer, as applicable,
shall furnish to the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee its most
recent publicly available financial statements (or, with respect to the Master Servicer, those of its ultimate parent) and such
other non-proprietary information as the Master Servicer or the Special Servicer, as the case may be, shall determine in its sole
and absolute discretion as it possesses, which is relevant to the performance of its duties hereunder and which it is not prohibited
by applicable law or contract from disclosing. The Depositor is not obligated to monitor or supervise the performance of the Master
Servicer or the Special Servicer, however, the Depositor may, but is not obligated to, enforce the obligations of the Master Servicer
or the Special Servicer hereunder which are in default and may, but is not obligated to, perform, or cause a designee to perform,
any defaulted obligation of such Person hereunder or exercise any rights of such Person hereunder, provided that the Master
Servicer and the Special Servicer shall not be relieved of any of their respective obligations hereunder by virtue

 

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of such performance
by the Depositor or its designee. In the event the Depositor or its designee undertakes any such action, it will be reimbursed
by the Trust Fund from the Collection Account, as provided in Section 3.06 and Section 6.03(a) hereof
to the extent not recoverable from the Master Servicer or Special Servicer, as applicable. None of the Depositor, the Certificate
Administrator, the Trustee, the Master Servicer (solely with respect to any action or failure to act by the Special Servicer)
or the Special Servicer (solely with respect to any action or failure to act by the Master Servicer), shall have any responsibility
or liability for any action or failure to act by the Master Servicer or the Special Servicer and no such party is obligated to
monitor or supervise the performance of the Master Servicer or the Special Servicer under this Agreement or otherwise. Neither
the Master Servicer nor the Special Servicer shall be under any obligation to disclose confidential or proprietary information
pursuant to this Section.

 

Section 6.06    
The Master Servicer or Special Servicer as Owners of a Certificate. The Master Servicer or an Affiliate of the Master Servicer,
or the Special Servicer or an Affiliate of the Special Servicer, may become the Holder (or with respect to a Global Certificate,
Beneficial Owner) of any Certificate with the same rights it would have if it were not the Master Servicer or the Special Servicer
or an Affiliate thereof. If, at any time during which the Master Servicer or the Special Servicer or an Affiliate of the Master
Servicer or the Special Servicer is the Holder or Beneficial Owner of any Certificate, the Master Servicer or the Special Servicer
proposes to take action (including for this purpose, omitting to take action) that (i) is not expressly prohibited by the
terms hereof and would not, in the Master Servicer’s or the Special Servicer’s good faith judgment, violate the Servicing
Standard, and (ii) if taken, might nonetheless, in the Master Servicer’s or the Special Servicer’s good faith
judgment, be considered by other Persons to violate the Servicing Standard, the Master Servicer or the Special Servicer may, but
will not be required to, seek the approval of the Certificateholders to such action (or inaction) by delivering to the Certificate
Administrator a written notice that (i) states that it is delivered pursuant to this Section 6.06, (ii) identifies
the Percentage Interest in each Class of Certificates beneficially owned by the Master Servicer or the Special Servicer or an
Affiliate of the Master Servicer or the Special Servicer, and (iii) describes in reasonable detail the action (or inaction)
that the Master Servicer or the Special Servicer proposes to take (or refrain from taking). The Certificate Administrator, upon
receipt of such notice, shall forward it to the Certificateholders (other than the Master Servicer and its Affiliates or the Special
Servicer and its Affiliates, as appropriate) together with such instructions for response as the Certificate Administrator shall
reasonably determine. If at any time Certificateholders holding a majority of the Voting Rights of all Certificateholders shall
have consented in writing to the proposal described in the written notice, and if the Master Servicer or the Special Servicer
shall act as proposed in the written notice, such action shall be deemed to comply with the Servicing Standard. The Certificate
Administrator shall be entitled to reimbursement from the Master Servicer or the Special Servicer, as applicable, of the reasonable
expenses of the Certificate Administrator incurred pursuant to this paragraph. It is not the intent of the foregoing provision
that the Master Servicer or the Special Servicer be permitted to invoke the procedure set forth herein with respect to routine
servicing matters arising hereunder, except in the case of unusual circumstances.

 

Section 6.07    
Selection and Removal of the Directing Holder. (a) The Majority Controlling Class Certificateholder, as determined by the
Certificate Registrar from time to time, may serve as, or may appoint as representative to serve as, the Directing Holder; provided that if no Certificateholder holds Certificates representing more than 50% of the Controlling Class (by

 

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Certificate Balance),
then the Directing Holder shall be the representative appointed by the Controlling Class Certificateholder that owns, and is identified
(with contact information) to the Master Servicer, the Special Servicer, the Trustee and the Certificate Administrator as owning,
the largest aggregate Certificate Balance of Certificates of the Controlling Class; and provided, further, (i) upon
receipt by the Master Servicer, the Special Servicer and the Certificate Administrator of notice from the Majority Controlling
Class Certificateholder or the Certificateholder that owns the largest aggregate Certificate Balances of Controlling Class Certificates,
as applicable, that a Directing Holder is no longer so designated, (ii) if no representative is appointed as the Directing
Holder or (iii) if the Directing Holder is required to have resigned due to becoming a Borrower Related Party, there shall
be no Directing Holder until a Directing Holder that is not a Borrower Related Party is appointed. Each Holder of the Certificates
of the Controlling Class that is not a Borrower Related Party shall be entitled to vote in each election of the Directing Holder;
provided that, for the avoidance of doubt, the Directing Holder cannot be a Borrower Related Party.

 

(b)           The initial Directing Holder shall provide a written certification to the Certificate Administrator on the Closing Date certifying
that (i) it is not a Borrower Related Party, (ii) it is the Holder of more than 50% of the Controlling Class (by Certificate
Balance) or, if no Certificateholder holds Certificates representing more than 50% of the Controlling Class (by Certificate Balance),
then it owns the largest aggregate Certificate Balance of Certificates of the Controlling Class, (iii) the Master Servicer,
Special Servicer, Certificate Administrator and Trustee may conclusively rely on such certification and the Master Servicer, Special
Servicer, Certificate Administrator and Trustee shall have no liability for such reliance and (iv) in the event the then
existing Directing Holder is no longer the Holder of more than 50% of the Controlling Class (by Certificate Balance) or the owner
of the largest aggregate Certificate Balance of Certificates of the Controlling Class, as applicable, the Directing Holder shall
promptly notify the Certificate Administrator and each party to this Agreement in writing that it is no longer the Holder of more
than 50% of the Controlling Class (by Certificate Balance).

 

(c)          
The initial Directing Holder is expected to be BREIT Debt Investments LLC. The Majority Controlling Class Certificateholder, if
any, shall give written notice to the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer of
the appointment of any subsequent Directing Holder (in order to receive notices hereunder).

 

(d)           The Directing Holder may be removed at any time, with or without cause, by the written vote of the Majority Controlling Class
Certificateholder, and a copy of the results of such vote shall be delivered to each party to this Agreement.

 

(e)          
The Controlling Class Certificateholder is hereby deemed to have agreed by virtue of its purchase of a Certificate to provide
its name and address to the Certificate Administrator and to notify the Certificate Administrator of the transfer of any Certificate
of the Controlling Class, the selection of a Directing Holder or the resignation or removal thereof. Any Certificateholder or
its designee at any time appointed Directing Holder is hereby deemed to have agreed by virtue of its purchase of a Certificate
to notify the Certificate Administrator of its identity and contact information when such Certificateholder or its designee is
appointed Directing Holder and when it is removed or resigns. Upon receipt of such notice, the Certificate Administrator shall
notify the Trustee, the Special Servicer and the Master Servicer of the identity and contact information of the Directing Holder
and any resignation or removal thereof.

 

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On
the Closing Date, the initial Directing Holder shall execute and deliver a certification substantially in the form of Exhibit L-1-C to this Agreement. Upon the resignation or removal of the existing Directing Holder, any successor Directing Holder shall
also deliver a certification substantially in the form of Exhibit L-1-C to this Agreement prior to being recognized
as the new Directing Holder.

 

(f)           
Once a Directing Holder has been selected, each of the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator,
the Trustee and each other Certificateholder (or Beneficial Owner, if applicable) shall be entitled to rely on such selection
unless the Majority Controlling Class Certificateholder shall have notified each other party to this Agreement and each other
Certificateholder of the Controlling Class, in writing, of the resignation of such Directing Holder or the selection of a new
Directing Holder (with contact information).

 

(g)           Until it receives notice to the contrary, each party to this Agreement shall be entitled to rely on the most recent notification
with respect to the identity of the Certificateholders of the Controlling Class and the identity and contact information of the
Directing Holder.

 

(h)           The Directing Holder shall be responsible for its own expenses.

 

(i)           
The Master Servicer, the Special Servicer or the Trustee may from time to time request that the Certificate Administrator provide
the name of the then-current Directing Holder. Upon such request, the Certificate Administrator shall promptly (but in no event
more than five (5) Business Days following such request) provide the name of the then-current Directing Holder to the Master
Servicer, the Special Servicer or the Trustee, as applicable, but only to the extent the Certificate Administrator has actual
knowledge of the identity of the then-current Directing Holder; provided that if the Certificate Administrator does not
have actual knowledge of the identity of the then-current Directing Holder, then (i) the Certificate Administrator shall
determine which Class is the Controlling Class and (ii) the Certificate Administrator shall promptly (but in no event more
than five (5) Business Days following such request) request from the Depository, with the assistance of the Trustee, the
list of DTC participants for the Controlling Class and make reasonable efforts to obtain a list of Beneficial Owners from such
DTC participants, and the Certificate Administrator shall provide such list of DTC participants and such list of Beneficial Owners
(to the extent the Certificate Administrator obtains such list of Beneficial Owners), to the Master Servicer, the Special Servicer
or the Trustee. The Certificate Administrator shall be entitled to conclusively rely on the list of DTC participants for the Controlling
Class provided by the Depository and the list of Beneficial Owners provided by any DTC participant and shall not have any liability
for such reliance. Any expenses incurred in connection with obtaining such information shall be at the expense of the requesting
party; provided that if (i) such expenses arise in connection with an event as to which the Directing Holder has review,
consent or consultation rights with respect to an action taken by, or report prepared by, the requesting party pursuant to this
Agreement and (ii) the requesting party has not been notified of the identity of the Directing Holder or reasonably believes
that the identity of the Directing Holder has changed, then such expenses shall be at the expense of the Trust. The Master Servicer,
the Special Servicer and the Trustee shall be entitled to conclusively rely on any such information so provided. If the Majority
Controlling Class Certificateholder does not give written notice to the Trustee, the Certificate Administrator, the Master Servicer
and the Special Servicer of the appointment of any subsequent Directing Holder pursuant to Section 6.07(c), and if
the identity of the Directing Holder

 

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is not provided by the Certificate Administrator, the Master Servicer and Special Servicer
shall have no obligation to consult with, provide notice to or seek approval of such Directing Holder. To the extent the Master
Servicer or the Special Servicer has written notice of any change in the identity of a Directing Holder or the list of Holders
(or Beneficial Owners, if applicable) of the Controlling Class, then the Master Servicer or the Special Servicer, as applicable,
shall promptly notify the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer thereof, who may
rely conclusively on such notice from the Master Servicer or the Special Servicer, as applicable.

 

Section 6.08    
Limitation on Liability of Directing Holder; Acknowledgements of the Certificateholders. The Directing Holder will have
no liability to the Trust or the Certificateholders for any action taken, or refraining from the taking of any action, in accordance
with or as permitted by this Agreement. Each Certificateholder shall acknowledge and agree, by its acceptance of its Certificate,
that: (i) the Directing Holder and/or any Controlling Class Certificateholder may each have relationships and interests that
conflict with those of Holders of one or more other Classes of Certificates and/or Companion Loan Holders; (ii) the Directing
Holder and/or any Controlling Class Certificateholder may act solely in the interests of the Holders of the Controlling Class;
(iii) the Directing Holder and the Holders of the Controlling Class do not have any duties to the Trust or to the Holders
of any Class of Certificates or the Companion Loan Holders; (iv) the Directing Holder and/or any Controlling Class Certificateholder
may take actions that favor interests of the Controlling Class over the interests of the Holders of one or more other Classes
of Certificates or the Companion Loan Holders; (v) neither the Directing Holder nor the Holders of the Controlling Class
shall have any liability whatsoever to the Trust, the parties to this Agreement, the Certificateholders, the Companion Loan Holders
or any other Person (including the Borrower) for having acted in accordance with or as permitted under the terms of this Agreement;
and (vi) the Holders of the Certificates and the Companion Loan Holders may not take any action whatsoever against the Directing
Holder or any Holder the Controlling Class or any of the respective affiliates, directors, officers, shareholders, members, partners,
agents or principals thereof as a result of the Directing Holder or the Holders the Controlling Class having acted in accordance
with the terms of and as permitted under this Agreement.

 

Section 6.09    
Rights and Powers of the Directing Holder. (a) Notwithstanding anything herein to the contrary, except as set forth
in this Section 6.09, (i) the Master Servicer shall not be permitted to take any of the actions constituting
a Major Decision unless it has obtained the consent of the Special Servicer (which consent shall be deemed given if the Special
Servicer does not object within fifteen (15) Business Days (or, in the case of a determination of an Acceptable Insurance Default,
ninety (90) days) of receipt of the Master Servicer’s written analysis and recommendation together with any information
in the possession of the Master Servicer that is reasonably required to make a decision regarding the subject action), and (ii) during
any Subordinate Control Period, the Special Servicer shall not be permitted to consent to the Master Servicer’s taking any
of the actions constituting a Major Decision, nor will the Special Servicer itself be permitted to take any of the actions constituting
a Major Decision, as to which the Directing Holder has objected in writing within ten (10) Business Days (or, in the case of a
determination of an Acceptable Insurance Default, thirty (30) days) after receipt of the written recommendation and analysis from
the Special Servicer, together with any information in the possession of the Special Servicer that is reasonably requested by
the Directing Holder to make a decision regarding the subject action (provided that if such written objection has not been
received 

 

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by the Special Servicer within such ten (10) Business Days (or, in the case of a determination of an Acceptable Insurance
Default, thirty (30) day period), then the Directing Holder shall be deemed to have approved such action); provided that
if the Special Servicer or Master Servicer (if the Master Servicer is otherwise authorized by this Agreement to take such action),
as applicable, determines that immediate action, with respect to a Major Decision, or any other matter requiring consent of the
Directing Holder during any Subordinate Control Period, is necessary to protect the interests of the Certificateholders, the Special
Servicer or Master Servicer, as applicable, may take any such action without waiting for the Directing Holder’s (or, if
applicable, the Special Servicer’s) response; provided, further, that the Special Servicer is not required
to obtain the consent of the Directing Holder for any of the foregoing actions during any Subordinate Consultation Period. During
any Subordinate Consultation Period, the Special Servicer will be required to consult, solely on a non-binding basis with (and
to consider alternative actions recommended by) the Directing Holder with respect to any of the Major Decisions and any other
matter as to which consent of the Directing Holder would have been required during any Subordinate Control Period.

 

In
addition, during any Subordinate Control Period, the Directing Holder may direct the Special Servicer to take, or to refrain from
taking, such other actions with respect to the Whole Loan as the Directing Holder may deem advisable or as to which provision
is otherwise made herein. Notwithstanding anything herein to the contrary, no such direction, and no direction or objection contemplated
by the preceding paragraph or any other provision of this Agreement, may (a) require or cause the Master Servicer or the
Special Servicer to violate any provision of the Loan Documents, any intercreditor agreement, applicable law or this Agreement,
including without limitation the Master Servicer’s or the Special Servicer’s obligation to act in accordance with
the Servicing Standard, (b) expose any Certificateholder, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee or the Trust or their affiliates, officers, directors or agent to any claim, suit or liability, (c) result in
the imposition of a tax upon the Trust or (d) materially expand the scope of the Master Servicer’s or the Special Servicer’s
responsibilities hereunder. Furthermore, in addition to the Directing Holder’s rights of consent and consultation (as applicable)
as set forth in Section 6.09(a) above, it is understood and agreed that to the extent any other provision of this
Agreement requires the provision of notice to, the obtaining of consent of, and/or consultation with, the Directing Holder, or
otherwise provides for any right of the Directing Holder thereunder, then none of the Trustee, the Certificate Administrator,
the Master Servicer or the Special Servicer shall be entitled to take any action (or omit to take any action) in contravention
of the applicable rights of the Directing Holder contained in such provision; provided however, if the Directing Holder
has not objected to any request for consent within ten (10) Business Days, such consent shall be deemed given; provided,
further, that this sentence is not intended to in any way to (i) expand the rights of the Directing Holder, (ii) limit
the application of the immediately preceding sentence, (iii) remove any limitations on the exercise of such rights set forth
in such other provisions, or (iv) require the Trustee, the Certificate Administrator, the Master Servicer and/or the Special
Servicer to send a notice to, obtain the consent of, or consult with a new Directing Holder whose name and contact information
have not yet been provided to the Trustee, the Certificate Administrator, the Master Servicer and/or the Special Servicer; and
provided, further, that if such other provisions are in any way subject to this Section 6.09, then the
exercise of such rights shall be subject to the immediately following paragraph and Section 6.09(b).

 

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If
the Special Servicer or Master Servicer, as applicable, determines that a refusal to consent by the Directing Holder or any direction
or advice from the Directing Holder would otherwise cause the Special Servicer or Master Servicer, as applicable, to violate the
terms of the Loan Documents, any intercreditor agreement, applicable law, provisions of the Code or this Agreement, including
without limitation, the Servicing Standard, the Special Servicer or Master Servicer, as applicable, shall disregard such refusal
to consent, direction or advice and notify the Directing Holder, the Trustee, the Certificate Administrator and the 17g-5 Information
Provider of its determination, including a reasonably detailed explanation of the basis therefor. The taking of, or refraining
from taking, any action by the Master Servicer or Special Servicer in accordance with the direction of or approval of the Directing
Holder that does not violate the Loan Documents, any intercreditor agreement, any applicable law, provisions of the Code or the
Servicing Standard or any other provisions of this Agreement, shall not result in any liability on the part of the Master Servicer
or the Special Servicer.

 

(b)           At any time other than during a Subordinate Control Period or a Subordinate Consultation Period, the Directing Holder shall have
no consultation rights under this Agreement and shall have no right to receive any notices, reports or information (other than
notices, reports or information required to be delivered to all Certificateholders) or any other rights as Directing Holder; provided that the Directing Holder (if and to the extent that it is a Certificateholder) will maintain the right to exercise its Voting
Rights for the same purposes as any other Certificateholder under this Agreement.

 

(c)          
In the event that no Directing Holder has been appointed or identified to the Master Servicer or Special Servicer, as applicable,
and the Master Servicer or Special Servicer, as applicable, has attempted to obtain such information from the Trustee or Certificate
Administrator, and no such entity has been identified to the Master Servicer or the Special Servicer, as applicable, then the
Master Servicer or the Special Servicer, as applicable, shall have no duty to consult with, provide notice to, or seek the approval
or consent of the Directing Holder.

 

Section 6.10       
Directing Holder Contact with Master Servicer and Special Servicer. Upon reasonable request, each of the Master Servicer
and the Special Servicer shall, without charge, make a Servicing Officer available to answer questions from the Directing Holder
(during any Subordinate Control Period and any Subordinate Consultation Period) regarding the performance and servicing of the
Trust Loan (or, in the case of the Special Servicer, the Special Servicer’s operational activities on a platform level basis
related to the servicing of the Specially Serviced Loan and the servicing of any REO Property) for which the Master Servicer or
the Special Servicer, as the case may be, is responsible.

 

Notwithstanding
any provision of this Agreement to the contrary, the failure of the Master Servicer or the Special Servicer to disclose any information
otherwise required to be disclosed by it pursuant to this Agreement shall not constitute a breach of this Agreement if the Master
Servicer or the Special Servicer, as applicable, determines, in its reasonable and good faith judgment and consistent with the
Servicing Standard, that such disclosure would constitute a waiver of the attorney-client privilege on behalf of the Trust or
the Trust Fund or otherwise materially harm the Trust or the Trust Fund.

 

Section 6.11       
The Risk Retention Consultation Parties. (a)  The Special Servicer shall consult, solely on a non-binding basis
(and consider alternative actions recommended by such

 

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party) with each Risk Retention Consultation Party with respect to any Major
Decision in the same manner as set forth in Section 6.09 with respect to the consultation rights of the Controlling
Class Representative during a Subordinate Consultation Period. In the event the Special Servicer receives no response from a Risk
Retention Consultation Party within 10 days following the later of (i) the Special Servicer’s written request for input
on any requested consultation and (ii) delivery of all such additional information reasonably requested by such Risk Retention
Consultation Party related to the subject matter of such consultation, the Special Servicer shall not be obligated to consult
with such Risk Retention Consultation Party solely with respect to the specific matter; provided that if the Special Servicer
determines that immediate action, with respect to a Major Decision, or any other matter requiring consultation with the Risk Retention
Consultation Parties, is necessary to protect the interests of the Certificateholders, the Special Servicer may take any such
action without waiting for a Risk Retention Consultation Party’s response. The taking of, or refraining from taking, any
action by the Master Servicer or Special Servicer in accordance with the recommendation of the Risk Retention Consultation Parties
that does not violate the Loan Documents, any intercreditor agreement, any applicable law, provisions of the Code or the Servicing
Standard or any other provisions of this Agreement, shall not result in any liability on the part of the Master Servicer or the
Special Servicer.

 

(b)           If a Risk Retention Consultation Party is or becomes a Borrower Related Party, then the Special Servicer shall have no obligation
to consult with such Risk Retention Consultation Party and such Risk Retention Consultation Party shall have no consultation rights
as set forth above in clause (i).

 

(c)          
Upon the resignation or removal of an existing Risk Retention Consultation Party, any successor Risk Retention Consultation Party
shall also deliver a certification substantially in the form of Exhibit L-1-E to this Agreement prior to being
recognized as the new Risk Retention Consultation Party. The parties to this Agreement shall be entitled to assume that the identity
of a Risk Retention Consultation Party has not changed until such time as a successor Risk Retention Consultation Party delivers
a certification substantially in the form of Exhibit L-1-E to this Agreement.

 

(d)           No Risk Retention Consultation Party shall have any liability to the Trust or the Holders of any Certificates or any Companion
Loan Holder for any action taken, or for refraining from the taking of any action, or for errors in judgment; provided,
however, that the Risk Retention Consultation Parties shall not be protected against any liability to the Class VRR Certificateholders
that would otherwise be imposed by reason of willful misconduct, bad faith or gross negligence in the performance of duties owed
to the Class VRR Certificateholders or by reason of reckless disregard of obligations or duties owed to the Class VRR Certificateholders.

 

(e)          
Once a Risk Retention Consultation Party has been selected, each of the Master Servicer, the Special Servicer, the Depositor,
the Trustee, the Certificate Administrator and each other Certificateholder (or Certificate Owner, if applicable) shall be entitled
to rely on such selection unless DBNY, WFB or MSBNA, as applicable, or such Risk Retention Consultation Party itself, shall have
notified the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator and each other Class VRR Certificateholder,
in writing, of the selection of such new Risk Retention Consultation Party.

 

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(f)          
Each Holder of any Certificates acknowledges and agrees, by its acceptance of its Certificates, that: each Risk Retention Consultation
Party (i) may have special relationships and interests that conflict with those of Holders of one or more Classes of Certificates;
(ii) may act solely in the interests of the applicable Class VRR Certificateholders; (iii) does not have any liability
or duties to the Holders of any Class of Certificates; (iv) may take actions that favor interests of the Class VRR Certificateholders
over the interests of the Holders of one or more other Classes of Certificates; and (v) shall have no liability whatsoever
(other than to the applicable Class VRR Certificateholder) for having so acted as set forth in clauses (i) through
(iv) above, and no Holders of any Certificates may take any action whatsoever against a Risk Retention Consultation Party
or any director, officer, employee, agent or principal of such Risk Retention Consultation Party for having so acted.

 

ARTICLE
VII

TERMINATION EVENTS

 

Section 7.01    
Servicer Termination Events. (a)  With respect to the Master Servicer, “Master Servicer Termination
Event”, wherever used herein, means any one of the following events:

 

(i)          
(A) any failure by the Master Servicer to make any deposit required to the Collection Account on the day and by the time
such deposit was first required to be made under the terms of this Agreement, which failure is not remedied within two (2) Business
Days, (B) any failure by the Master Servicer to deposit into, or remit to the Certificate Administrator for deposit into,
any Distribution Account any amount required to be so deposited or remitted (including, without limitation, any required P&I
Advance or Administrative Advance, unless the Master Servicer determines such P&I Advance or Administrative Advance is a Nonrecoverable
Advance) under this Agreement, which failure is not remedied by 11:00 a.m. (New York City time) on the relevant Distribution
Date (provided, however, that to the extent the Master Servicer does not timely make such remittance to the Certificate
Administrator, the Master Servicer shall pay the Certificate Administrator for the account of the Certificate Administrator 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 (C) any failure by the Master Servicer to remit to any holder of a Companion
Loan, as and when required by this Agreement or the Co-Lender Agreement, any amount required to be so remitted (which failure
continues for two Business Days);

 

(ii)          
any failure on the part of the Master Servicer duly to observe or perform in any material respect any of its other covenants or
obligations contained in this Agreement, which failure continues unremedied for a period of 30 days (15 days in the case of the
Master Servicer’s failure to make a Property Advance or 45 days in the case of failure to pay the premium for any insurance
policy required to be force placed by the Master Servicer pursuant to this Agreement or in any event such reasonable shorter period
of time as is necessary to avoid the commencement of foreclosure proceedings for any lien relating to unpaid real estate taxes
or assessments or a lapse in any required insurance coverage) after the date on which written notice of such failure, requiring
the same to be remedied,

 

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shall have been given to the Master Servicer by any other party hereto, or to the Master Servicer, with
a copy to each other party to this Agreement, by (A) the Certificateholders of any Class evidencing, as to that Class, Percentage
Interests aggregating not less than 25% of the Voting Rights or (B) an affected Companion Loan Holder; provided, however,
that if such failure is capable of being cured and the Master Servicer is diligently pursuing such cure, such 15-, 30- or 45-day
period, as applicable, will be extended an additional 30 days;

 

(iii)          any breach on the part of the Master Servicer of any representation or warranty contained in Section 2.04(a) of this
Agreement, which materially and adversely affects the interests of the Holders of any Class of Certificates or any Companion Loan
Holder and which continues unremedied for a period of 30 days after the date on which notice of such breach, requiring the same
to be remedied, shall have been given to the Master Servicer by any party hereto, or to the Master Servicer, the Special Servicer,
the Depositor and the Trustee by the Holders of Certificates of any Class evidencing, as to that Class, Percentage Interests aggregating
not less than 25% of such Class or by an affected Companion Loan Holder; provided that if such breach is capable of being
cured and the Master Servicer is diligently pursuing such cure, such 30-day period will be extended an additional 30 days;

 

(iv)         
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, marshaling of assets and liabilities or similar
proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Master Servicer and such
decree or order shall have remained in force undischarged, undismissed or unstayed for a period of 60 days;

 

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

 

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

 

(vii)         the Master Servicer is no longer listed on S&P’s Select Servicer List as a U.S. Commercial Mortgage Master Servicer,
and the Master Servicer is not reinstated to such status on such list within 60 days;

 

(viii)        KBRA has (A) qualified, downgraded or withdrawn its rating or ratings of one or more Classes of Certificates, or (B) placed
one or more Classes of Certificates on “watch status” in contemplation of possible rating downgrade or withdrawal
(and such qualification, downgrade or withdrawal or “watch status” placement shall not have been

 

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withdrawn by KBRA
within sixty (60) days of such event), and, in the case of either of clause (A) or (B), publicly citing servicing concerns
with the Master Servicer as the sole or a material factor in such rating action;

 

(ix)          
a Companion Loan Rating Agency has (A) qualified, downgraded or withdrawn its rating or ratings of one or more classes of
Companion Loan Securities, or (B) placed one or more classes of Companion Loan Securities on “watch status” in
contemplation of rating downgrade or withdrawal and, in the case of either of clauses (A) or (B), publicly citing servicing concerns
with the Master Servicer as the sole or material factor in such rating action (and such qualification, downgrade, withdrawal or
“watch status” placement has not been withdrawn by such Companion Loan Rating Agency within 60 days of such event);
or

 

(x)           
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Master Servicer or
any primary servicer, Sub-Servicer or Servicing Function Participant (such entity, the “Sub-Servicing Entity”)
retained by the Master Servicer shall fail to deliver the items required to be delivered by this Agreement to enable such Other
Securitization Trust to comply with its reporting obligations under the Exchange Act within the time set forth for such delivery
in Article XI, (any Sub-Servicing Entity that defaults in accordance with this Section 7.01(a)(x) shall be
terminated at the direction of the Depositor);

 

then,
and in each and every such case, so long as a Master Servicer Termination Event shall not have been remedied, the Trustee may,
and at the written direction of the Holders of Certificates evidencing at least 25% of the aggregate Voting Rights of all Certificates
(allocated based on Certificate Balances or Notional Amounts, as applicable, as notionally reduced by any Appraisal Reduction
Amounts and Collateral Deficiency Amounts), the Trustee shall, terminate all of the rights and obligations of the Master Servicer
(other than the rights to indemnification provided in Section 6.03 of this Agreement and compensation provided in
Section 3.12 of this Agreement).

 

In
the event that the Master Servicer is also the Special Servicer and the Master Servicer is terminated as provided in this Section 7.01,
then the Master Servicer shall also be terminated as Special Servicer.

 

If
the Master Servicer receives notice of termination under this Section 7.01(a) solely due to a Master Servicer Termination
Event under Section 7.01(a)(vii), (viii) or (ix) of this Agreement and if the Master Servicer provides
the Trustee with the appropriate “request for proposal” materials within five (5) Business Days following such termination
notice, then the Master Servicer shall continue to serve as Master Servicer hereunder until a successor Master Servicer is selected
in accordance with this Section 7.01(a). Upon receipt of the “request for proposal” materials, the Trustee
shall promptly thereafter (using such “request for proposal” materials provided by the Master Servicer) solicit good
faith bids for the rights to service the Whole Loan under this Agreement from at least three (3) Persons qualified to act as Master
Servicer hereunder in accordance with Section 6.02 and 7.02 of this Agreement (any such Person so qualified,
a “Qualified Bidder”) or, if three (3) Qualified Bidders cannot be located, then from as many persons as the
Trustee can determine are Qualified Bidders; provided that, at the Trustee’s request, the Master Servicer shall supply
the Trustee with the names of Persons from whom to solicit such bids; and provided, further, that the Trustee shall
not be responsible if less than three

 

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 (3) or no Qualified Bidders submit bids for the right to service the Whole Loan under this
Agreement. The bid proposal shall require any Successful Bidder (as defined below), as a condition of such bid, to enter into
this Agreement as successor Master Servicer, and to agree to be bound by the terms hereof, within 45 days after the notice of
termination of the Master Servicer. The materials provided to the Trustee shall provide for soliciting bids: (i) on the basis
of such successor Master Servicer retaining all Sub-Servicers to continue the primary servicing of the Whole Loan pursuant to
the terms of the respective Sub-Servicing Agreements and entering into a Sub-Servicing Agreement with the terminated Master Servicer
to service the Whole Loan at a sub-servicing fee rate per annum equal to 0.00125% (a “Servicing Retained Bid”);
and (ii) on the basis of the terminated Master Servicer not being retained as a Sub-Servicer (each, a “Servicing
Released Bid”). The Trustee shall select the Qualified Bidder with the highest cash Servicing Retained Bid (or, if none,
the highest cash Servicing Released Bid) (the “Successful Bidder”) to act as successor Master Servicer hereunder;
provided, however, that if the Trustee does not receive a No Downgrade Confirmation within 10 days after the selection
of such Successful Bidder, then the Trustee shall repeat the bid process described above (but subject to the above described 45
day time period) until such No Downgrade Confirmation is obtained. The Trustee shall direct the Successful Bidder to enter into
this Agreement as successor Master Servicer pursuant to the terms hereof no later than 45 days after notice of the termination
of the Master Servicer; provided, however, that the initial Master Servicer may request and obtain an additional
20 days for such sale and assumption to be completed so long as the initial Master Servicer delivers to the Trustee an Officer’s
Certificate stating that the sale and assumption of the right to service the Whole Loan cannot be completed in the initial 45-day
period and specifying the reasons therefor.

 

Upon
the assignment and acceptance of master servicing rights hereunder (subject to the terms of Section 3.12 of this Agreement)
to and by the Successful Bidder, the Trustee shall remit or cause to be remitted (i) if the successful bid was a Servicing
Retained Bid, to the Master Servicer to be terminated pursuant to this Section 7.01(a), the amount of such cash bid
received from the Successful Bidder (net of “out of pocket” expenses incurred in connection with obtaining such bid
and transferring servicing) and (ii) if the successful bid was a Servicing Released Bid, to the Master Servicer and each
terminated Sub-Servicer its respective bid allocation.

 

The
Master Servicer to be terminated pursuant to this Section 7.01(a) shall be responsible for all out of pocket expenses
incurred in connection with the attempt to sell its rights to service the Whole Loan, which expenses are not reimbursed to the
party that incurred such expenses pursuant to the preceding paragraph.

 

If
the Successful Bidder has not entered into this Agreement as successor Master Servicer within the above described time period
or no Successful Bidder was identified within the above described time period, the Master Servicer to be terminated pursuant to
Section 7.01(a) of this Agreement shall reimburse the Trustee for all reasonable “out of pocket” expenses
incurred by the Trustee in connection with such bid process and the Trustee shall have no further obligations under this Section 7.01(a).
The Trustee thereafter may act or may select a successor to act as Master Servicer hereunder in accordance with Section 7.02 of this Agreement.

 

Notwithstanding
anything to the contrary in this Article VII, if the Master Servicer shall timely deliver the notice and request for proposal
materials referred to in the fourth preceding paragraph, no resignation or termination of the Master Servicer shall be effective
in connection with a Master Servicer Termination Event under Section 7.01(a)(vii) of this Agreement, and the 

 

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Master
Servicer shall continue to perform as such and to collect the Servicing Fee until the conclusion of the process described in this
Section 7.01(a).

 

In
no event shall the Trustee or the Certificate Administrator be deemed to have knowledge of or be aware of any Master Servicer
Termination Event until a Responsible Officer of the Trustee or the Certificate Administrator, as applicable, has received written
notice thereof or has actual knowledge thereof.

 

(b)           “Special Servicer Termination Event”, wherever used herein, means any one of the following events:

 

(i)           
any failure by the Special Servicer to deposit into the REO Account at or within the time specified by this Agreement and such
failure continues unremedied for two (2) Business Days, or any failure by the Special Servicer to remit to Master Servicer for
deposit into, the Collection Account any amount required to be so remitted by the Special Servicer pursuant to, and at the time
specified by, the terms of this Agreement; provided that the failure of the Special Servicer to remit such amount to the
Master Servicer shall not be a Special Servicer Termination Event if such failure is remedied within two (2) Business Days and
if the Special Servicer has compensated the Master Servicer for any loss of income on such amount suffered by the Master Servicer
due to and caused by the late remittance of the Special Servicer and reimbursed the Trust for any resulting Advance Interest Amount
due to the Master Servicer;

 

(ii)          
any failure on the part of the Special Servicer duly to observe or perform in any material respect any of its other covenants
or obligations contained in this Agreement, which failure continues unremedied for a period of 30 days (45 days in the case of
failure to pay the premium for any insurance policy required to be force placed by the Special Servicer pursuant to this Agreement
or in any event such reasonable shorter period of time as is necessary to avoid the commencement of foreclosure proceedings for
any lien relating to unpaid real estate taxes or assessments or a lapse in any required insurance coverage) after the date on
which written notice of such failure, requiring the same to be remedied, shall have been given to the Special Servicer by any
other party hereto, or to the Special Servicer, with a copy to each other party to this Agreement, by (A) the Certificateholders
of any Class, including the Certificateholders of the Class VRR Certificates, evidencing, as to that Class, Percentage Interests
aggregating not less than 25% of the Voting Rights or (B) any affected Companion Loan Holder; provided, however,
that if such failure is capable of being cured and the Special Servicer is diligently pursuing such cure, such 30- or 45-day period,
as applicable, will be extended an additional 30 days;

 

(iii)          
any breach on the part of the Special Servicer of any representation or warranty contained in Section 2.04(a) of this
Agreement, which materially and adversely affects the interests of the Holders of any Class of Certificates or any Companion Loan
Holder and which continues unremedied for a period of 30 days after the date on which notice of such breach, requiring the same
to be remedied, shall have been given to the Special Servicer by any party hereto, or to the Master Servicer, the Special Servicer,
the Depositor and the Trustee by the Holders of Certificates of any Class, including the Class VRR Certificates, evidencing, as
to that Class, Percentage Interests aggregating not less than 25% of such Class or by an affected Companion Loan Holder; provided that if such

 

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breach is capable of being cured and the Special Servicer is diligently pursuing such cure, such 30-day period
will be extended an additional 30 days;

 

(iv)          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, marshaling of assets and liabilities or similar
proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Special Servicer and such
decree or order shall have remained in force undischarged, undismissed or unstayed for a period of 60 days;

 

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

 

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

 

(vii)         the Special Servicer is no longer listed on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special Servicer,
and the Special Servicer is not reinstated to such status on such list within 60 days;

 

(viii)        KBRA has (A) qualified, downgraded or withdrawn its rating or ratings of one or more Classes of Certificates, or (B) placed
one or more Classes of Certificates on “watch status” in contemplation of possible rating downgrade or withdrawal
(and such qualification, downgrade or withdrawal or “watch status” placement shall not have been withdrawn by KBRA
within sixty (60) days of actual knowledge by the Special Servicer of such event), and, in the case of either of clause (A) or (B), publicly citing servicing concerns with the Special Servicer as the sole or a material factor in such rating action;

 

(ix)          
a Companion Loan Rating Agency has (A) qualified, downgraded or withdrawn its rating or ratings of one or more classes of
Companion Loan Securities, or (B) placed one or more classes of Companion Loan Securities on “watch status” in
contemplation of rating downgrade or withdrawal and, in the case of either of clauses (A) or (B), publicly citing servicing concerns
with the Special Servicer, as the sole or material factor in such rating action (and such qualification, downgrade, withdrawal
or “watch status” placement has not been withdrawn by such Companion Loan Rating Agency within 60 days of such event);
or

 

(x)          
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Special Servicer or
any Sub-Servicing Entity retained by the Special Servicer shall fail to deliver the items required to be delivered by this Agreement
to enable such Other Securitization Trust to comply with its reporting

 

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obligations under the Exchange Act within the time set
forth for such delivery in Article XI, including any applicable grace periods (any Sub-Servicing Entity that defaults in
accordance with this Section 7.01(b)(x) shall be terminated at the direction of the Depositor);

 

then,
and in each and every such case, so long as a Special Servicer Termination Event shall not have been remedied, the Trustee may,
and at the written direction of (A) the Holders of Certificates evidencing at least 25% of the aggregate Voting Rights of
all Certificates (allocated based on Certificate Balances and Notional Amounts, as applicable, as notionally reduced by any Appraisal
Reduction Amounts and Collateral Deficiency Amounts) or (B) the Risk Retention Consultation Parties, the Trustee shall, terminate
all of the rights and obligations of the Special Servicer (other than the rights to indemnification provided in Section 6.03(a) of this Agreement and compensation provided in Section 3.12(c) of this Agreement). During any Subordinate Control
Period, the Directing Holder shall have the right to select the successor special servicer following any Special Servicer Termination
Event.

 

In
no event shall the Trustee or the Certificate Administrator be deemed to have knowledge of or be aware of any Special Servicer
Termination Event until a Responsible Officer of the Trustee or the Certificate Administrator, as applicable, has received written
notice thereof or has actual knowledge thereof.

 

Notwithstanding
Section 7.01(a) or Section 7.01(b), (i) if any Master Servicer Termination Event occurs that affects
only a Companion Loan or if an NRSRO engaged to rate a Companion Loan Security qualifies, downgrades or withdraws its rating of
such Companion Loan Security, publicly citing servicing concerns with the Master Servicer as the sole or a material factor in
such rating action, then the Trustee, only at the direction of a related Companion Loan Holder and not at the direction of the
Certificateholders, shall direct the Master Servicer to appoint a sub-servicer (or if the Whole Loan is currently being sub-serviced,
then the Trustee shall direct the Master Servicer to replace such sub-servicer with a new sub-servicer but only if such original
sub-servicer is in default (beyond any applicable cure periods) under the related sub-servicing agreement, and the Master Servicer
shall be permitted to terminate the sub-servicing agreement due to such default) that shall be responsible for servicing the Whole
Loan; provided that the Master Servicer shall be required to obtain a No Downgrade Confirmation from each Rating Agency
(including a No Downgrade Confirmation with respect to any Companion Loan Securities) (at the expense of the requesting party)
with respect to the appointment of such sub-servicer and (ii) if any Special Servicer Termination Event occurs that affects
only one or more Companion Loans and the Special Servicer is not otherwise terminated or if an NRSRO engaged to rate a Companion
Loan Security qualifies, downgrades or withdraws its rating of such Companion Loan Security, publicly citing servicing concerns
with the Special Servicer as the sole or a material factor in such rating action, then the Trustee, at the direction of an affected
Companion Loan Holder, shall terminate the Special Servicer. Any successor special servicer appointed to replace the Special Servicer
that was terminated for cause at a Companion Loan Holder’s direction shall not be the Person (or an Affiliate thereof) that
was so terminated without the prior written consent of the Companion Loan Holder.

 

(c)          
During any Subordinate Control Period, the Directing Holder shall have the right to direct the Trustee to terminate the Special
Servicer (subject to such terminated Special Servicer’s rights to indemnification, payment of outstanding fees, and other
rights set forth in this

 

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Agreement which survive termination) at any time, with or without cause, and the Directing Holder shall
have the right to, and shall, appoint a successor Special Servicer, which shall execute and deliver to the other parties hereto
an agreement whereby the successor Special Servicer agrees to assume and perform punctually the duties of the Special Servicer
specified in this Agreement; provided that the Trustee shall have been provided a No Downgrade Confirmation from each Rating
Agency prior to the termination of the Special Servicer; provided, further, that any successor Special Servicer
shall be a Qualified Servicer. The Special Servicer shall not be terminated pursuant to this paragraph until a successor special
servicer shall have been appointed. The Directing Holder shall pay any costs and expenses incurred in connection with the removal
and appointment of a Special Servicer without cause pursuant to this paragraph (unless such removal is based on any of the events
or circumstances set forth in Section 7.01(b)). Notwithstanding anything to the contrary in this Agreement, no successor
special servicer appointed by the Directing Holder pursuant to Section 6.04, Section 7.01(b) or this Section 7.01(c) or otherwise pursuant to this Agreement will be required to meet any net worth requirements. The Trustee shall deliver to
the Master Servicer, the Special Servicer and the Certificate Administrator a written notice, together with each No Downgrade
Confirmation, stating that the Directing Holder has appointed a successor Special Servicer.

 

(d)           After the termination of a Subordinate Control Period, the Special Servicer may be terminated in accordance with the provisions
of Section 3.22(b) hereof.

 

(e)          
If the Master Servicer or the Special Servicer is terminated pursuant to this Section 7.01, the Trustee (the “Terminating
Party”) shall, by notice in writing to the Master Servicer or the Special Servicer, as the case may be (the “Terminated
Party”), terminate all of its rights and obligations under this Agreement and in and to the Whole Loan and the proceeds
thereof, other than any rights the Terminated Party may have hereunder as a Certificateholder and any rights or obligations that
accrued prior to the date of such termination (including the right to receive all amounts accrued or owing to it under this Agreement,
plus interest at the Advance Rate on such amounts until received to the extent such amounts bear interest as provided in this
Agreement, with respect to periods prior to the date of such termination and the right to the benefits of Section 6.03 of this Agreement notwithstanding any such termination), and with respect to the Special Servicer, the right to receive any
Workout Fee and/or Liquidation Fee subsequent to its termination as Special Servicer, pursuant to Section 3.12(c)
of this Agreement. No successor Special Servicer shall be entitled to such Workout Fee and/or Liquidation Fee received by the
terminated Special Servicer. On or after the receipt by the Terminated Party of such written notice, all of its authority and
power under this Agreement, whether with respect to the Certificates (except that the Terminated Party shall retain its rights
as a Certificateholder in the event and to the extent that it is a Certificateholder), the Whole Loan or otherwise, shall pass
to and be vested in the Terminating Party pursuant to and under this Section (absent the appointment of a successor, and such
successor’s assumption of obligations hereunder, including, without limitation, by the Directing Holder during any Subordinate
Control Period) and, without limitation, the Terminating Party is hereby authorized and empowered to execute and deliver, on behalf
of and at the expense of the Terminated Party, as attorney-in-fact or otherwise, any and all documents and other instruments,
and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination,
whether to complete the transfer and endorsement or assignment of the Whole Loan and related documents, or otherwise. The Master
Servicer and the Special Servicer each agree in the event it is terminated pursuant to this Section 7.01 to promptly

 

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(and in any event no later than ten Business Days subsequent to such notice) provide, at its own expense, the Terminating Party
with all documents and records requested by the Terminating Party to enable the Terminating Party to assume its functions hereunder,
and to cooperate with the Terminating Party and the successor to its responsibilities hereunder in effecting the termination of
its responsibilities and rights hereunder, including, without limitation, the transfer to the successor Master Servicer or Special
Servicer or the Terminating Party, as applicable, for administration by it of all cash amounts which shall at the time be or should
have been credited by the Master Servicer or the Special Servicer to the Collection Account, any REO Account, Lock-Box Account
or Cash Collateral Account or which shall thereafter be received with respect to the Whole Loan, and shall promptly provide the
Terminating Party or such successor Master Servicer or successor Special Servicer (which may include the Trustee) all documents
and records reasonably requested by it, such documents and records to be provided in such form as the Terminating Party or such
successor Master Servicer or Special Servicer shall reasonably request (including electronic form), to enable it to assume the
Master Servicer’s or Special Servicer’s function hereunder. All reasonable costs and expenses of the Terminating Party
(including the cost of obtaining a No Downgrade Confirmation and any applicable indemnification that the Master Servicer or the
Special Servicer would be required to provide under this Agreement) or the successor Master Servicer or successor Special Servicer
incurred in connection with transferring the Whole Files to the successor Master Servicer or Special Servicer and amending this
Agreement to reflect such succession as successor Master Servicer or successor Special Servicer pursuant to Section 7.01(a) or (b), as applicable, shall be paid by the predecessor Master Servicer or the Special Servicer, as applicable, upon
presentation of reasonable documentation of such costs and expenses. If the predecessor Master Servicer or Special Servicer (as
the case may be) has not reimbursed the Terminating Party or the successor Master Servicer or Special Servicer, as applicable,
for such expenses within 90 days after the presentation of reasonable documentation, such expense shall be reimbursed by the Trust
Fund; provided that the Terminated Party shall not thereby be relieved of its liability for such expenses. If and to the
extent that the Terminated Party has not reimbursed such costs and expenses, the Terminating Party shall have an affirmative obligation
to take all reasonable actions to collect such expenses on behalf of the Trust Fund.

 

Section 7.02       
Trustee to Act; Appointment of Successor. On and after the time the Master Servicer or the Special Servicer receives a
notice of termination pursuant to Section 7.01 of this Agreement, the Terminating Party (subject to (a)) shall
be its successor, until such successor is appointed in accordance with this Section, in all respects in its capacity as the Master
Servicer or the Special Servicer under this Agreement and the transactions set forth or provided for herein and, except as provided
herein, shall be subject to all the responsibilities, duties, limitations on liability and liabilities relating thereto and arising
thereafter placed on the Master Servicer or Special Servicer by the terms and provisions hereof, provided, however,
that (i) the Terminating Party shall have no responsibilities, duties, liabilities or obligations with respect to any act
or omission of the Master Servicer or Special Servicer and (ii) any failure to perform, or delay in performing, such duties
or responsibilities caused by the Terminated Party’s failure to provide, or delay in providing, records, tapes, disks, information
or monies shall not be considered a termination event for such successor hereunder. The Trustee, as successor Master Servicer
or successor Special Servicer, shall be indemnified to the full extent provided to the Master Servicer or Special Servicer, as
applicable, under this Agreement prior to the Master Servicer’s or the Special Servicer’s termination. The appointment
of a successor Master Servicer or successor Special Servicer shall not affect any liability of the predecessor Master Servicer
or

 

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Special Servicer which may have arisen prior to its termination as the Master Servicer or the Special Servicer. The Terminating
Party shall not be liable for any of the representations and warranties of the Master Servicer or Special Servicer herein or in
any related document or agreement, for any acts or omissions of the predecessor Master Servicer or predecessor Special Servicer
or for any losses incurred in respect of any Permitted Investment by the Master Servicer pursuant to Section 3.07
hereunder nor shall the Trustee be required to purchase the Trust Loan or any Companion Loan hereunder. As compensation therefor,
the Terminating Party as successor Master Servicer or successor Special Servicer shall be entitled to the Servicing Compensation
or Special Servicing Compensation, as applicable, and all funds relating to the Trust Loan or Companion Loans that accrue after
the date of the Terminating Party’s succession to which such predecessor Master Servicer or Special Servicer would have
been entitled if such predecessor Master Servicer or Special Servicer, as applicable, had continued to act hereunder. In the event
any Advances made by the Master Servicer or the Trustee shall at any time be outstanding, or any amounts of interest thereon shall
be accrued and unpaid, all amounts available to repay Advances and interest hereunder shall be applied entirely to the Advances
made by the Trustee (and the accrued and unpaid interest thereon), until such Advances and interest shall have been repaid in
full. Notwithstanding the above, the Trustee may, if it shall be unwilling to so act, or shall (i) if it is unable to so
act, (ii) if the Holders of Certificates evidencing at least 25% of the Voting Rights of all Certificateholders or an affected
Companion Loan Holder so requests in writing to the Trustee or (iii) if the Trustee is not an “approved” servicer
by any of the Rating Agencies for mortgage loans similar to the one held in the Trust, promptly appoint, or petition a court of
competent jurisdiction to appoint, any established mortgage loan servicing institution that to act as the successor to the Master
Servicer or Special Servicer, as applicable, hereunder in the assumption of all or any part of the responsibilities, duties or
liabilities of the Master Servicer or Special Servicer under this Agreement; provided that the Trustee shall obtain a No
Downgrade Confirmation with respect to the Certificates and any Companion Loan Securities. No appointment of a successor to a
Terminated Party hereunder shall be effective until the assumption by such successor of all the Terminated Party’s responsibilities,
duties and liabilities hereunder. Pending appointment of a successor to the Master Servicer (or the Special Servicer if the Special
Servicer is also the Master Servicer) hereunder, unless the Trustee shall be prohibited by law from so acting, the Trustee shall
act in such capacity as hereinabove provided. Pending the appointment of a successor to the Special Servicer, the Trustee shall
act in such capacity. Any appointment or succession by the Trustee to the rights and obligations of the Special Servicer hereunder
shall be subject to the Directing Holder’s right to replace the Special Servicer during any Subordinate Control Period.
In connection with such appointment and assumption described herein, the Trustee may make such arrangements for the compensation
of such successor out of payments on Whole Loan or otherwise as it and such successor shall agree; provided, however,
that no such compensation shall be in excess of that permitted to the Terminated Party hereunder, provided, further,
that if no successor to the Terminated Party can be obtained to perform the obligations of such Terminated Party hereunder, additional
amounts shall be paid to such successor and such amounts in excess of that permitted the Terminated Party shall be treated as
Realized Losses and VRR Realized Losses. The Depositor, the Trustee, the Master Servicer or Special Servicer and such successor
shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession.

 

If
the Trustee or an Affiliate acts pursuant to this Section 7.02 as successor to the resigning or terminated Master
Servicer, it may reduce the Master Servicer’s Excess Servicing Fee

 

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 Rate to the extent that its or such Affiliate’s
compensation as successor Master Servicer would otherwise be below the market rate servicing compensation. If the Trustee elects
to appoint a successor to the resigning or terminated Master Servicer other than itself or an Affiliate pursuant to this Section 7.02,
it may reduce the Master Servicer’s Excess Servicing Fee Rate to the extent reasonably necessary (in the sole discretion
of the Trustee) for the Trustee to appoint a qualified successor Master Servicer that meets the requirements of this Section 7.02.

 

Section 7.03       
Notification to Certificateholders and Other Persons. (a)  Upon its receipt of written notice of any termination
pursuant to Section 7.01 above or appointment of a successor to the Master Servicer or the Special Servicer, the Certificate
Administrator shall give prompt written notice thereof to Certificateholders at their respective addresses appearing in the Certificate
Register, the 17g-5 Information Provider (which shall promptly post such notice to the 17g-5 Information Provider’s Website
pursuant to Section 3.14(d) of this Agreement).

 

(b)          
Within 30 days after the occurrence of any Servicer Termination Event of which a Responsible Officer of the Trustee has actual
knowledge, the Trustee shall transmit by mail to the Depositor, the Certificate Administrator (which shall then notify all Holders
of Certificates), the 17g-5 Information Provider (which shall promptly post such notice to the 17g-5 Information Provider’s
Website pursuant to Section 3.14(d) of this Agreement) and the Companion Loan Holders notice of such Servicer Termination
Event unless such Servicer Termination Event shall have been cured or waived.

 

Section 7.04    
Other Remedies of Trustee. During the continuance of any Servicer Termination Event, so long as the Servicer Termination
Event, shall not have been remedied, the Trustee, in addition to the rights specified in Section 7.01 of this Agreement,
shall have the right, in its own name as Trustee of an express trust, to take all actions now or hereafter existing at law, in
equity or by statute to enforce its rights and remedies and to protect the interests, and enforce the rights and remedies, of
the Certificateholders and the Companion Loan Holders (including the institution and prosecution of all judicial, administrative
and other proceedings and the filing of proofs of claim and debt in connection therewith). In such event, the legal fees, expenses
and costs of such action and any liability resulting therefrom shall be expenses, costs and liabilities of the Trust Fund as provided
in Section 3.06 of this Agreement (and such amounts shall be allocated in accordance with the expense allocation provisions
of the Co-Lender Agreement). 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 Master Servicer Termination Event or Special Servicer Termination Event, if applicable.

 

Section 7.05       
Waiver of Past Servicer Termination Events; Termination. The Certificateholders evidencing not less than 66-2⁄3% of
the aggregate Voting Rights may, together with each affected Companion Loan Holder, on behalf of all Holders of Certificates,
waive any Servicer Termination Event by the Master Servicer or the Special Servicer in the performance of its obligations hereunder
and its consequences, except (i) a termination event with respect to making any required deposits to or payments from the
Collection Account or the Lower-Tier Distribution Account, or in remitting payments as received, in each case in accordance with
this Agreement or the Co-Lender Agreement, and (ii) the Servicer Termination Event under Section 7.01(a)(x)
and Section 7.01(b)(x), which may only be waived by the Depositor (and the 

 

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Other Depositor under an Other Securitization
Trust) pursuant to the terms of this Agreement. Upon any such waiver of a past termination event, such termination event shall
cease to exist, and any Servicer Termination Event 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 termination event or impair any right consequent thereon.

 

Section 7.06    
Trustee as Maker of Advances. In the event that the Master Servicer fails to fulfill its obligations hereunder to make
any Advances and such failure remains uncured, the Trustee shall perform such obligations (x) within five Business Days of
the Master Servicer Termination Event resulting from such failure by the Master Servicer with respect to Property Advances to
the extent a Responsible Officer of the Trustee has actual knowledge of such failure with respect to such Property Advances and
(y) by 12:00 noon (New York City time) on the related Distribution Date with respect to P&I Advances and Administrative
Advances pursuant to the Trustee’s receipt of notice of failure pursuant to Section 4.07(a) or Section 4.07(c) of this Agreement unless the Trustee has received notice that such failure has been cured by 11:00 a.m. on such Distribution
Date. With respect to any such Advance made by the Trustee, the Trustee shall succeed to all of the Master Servicer’s rights
with respect to Advances hereunder, including, without limitation, the Master Servicer’s rights of reimbursement and interest
on each Advance at the Advance Rate, and rights to determine that a proposed Advance is a Nonrecoverable Advance (without regard
to any impairment of any such rights of reimbursement caused by the Master Servicer’s failure to perform its obligations
hereunder); provided, however, that if Advances made by the Trustee and the Master Servicer shall at any time be
outstanding, or any interest on any Advance shall be accrued and unpaid, all amounts available to repay such Advances and the
interest thereon hereunder shall be applied entirely to the Advances outstanding to the Trustee, until such Advances shall have
been repaid in full, together with all interest accrued thereon, prior to reimbursement of the Master Servicer for such Advances.
The Trustee shall be entitled to conclusively rely on any notice given with respect to a Nonrecoverable Advance or any determination
of recoverability in connection therewith by the Master Servicer hereunder.

 

ARTICLE
VIII

CONCERNING THE TRUSTEE AND CERTIFICATE ADMINISTRATOR

 

Section 8.01    
Duties of Trustee and Certificate Administrator. (a)  Each of the Trustee and the Certificate Administrator undertakes
to perform such duties and only such duties as are specifically set forth in this Agreement and no permissive right of the Trustee
shall be construed as a duty. During the continuance of a Servicer Termination Event of which a Responsible Officer of the Trustee
has actual knowledge, the Trustee, subject to the provisions of Section 7.02 and 7.05 of this Agreement, shall
exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in their exercise,
as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

 

(b)          
The Trustee and the Certificate Administrator, upon receipt of any resolutions, certificates, statements, opinions, reports, documents,
orders or other instruments furnished to the Trustee or the Certificate Administrator, as the case may be, which are specifically
required to be furnished pursuant to any provision of this Agreement, shall examine them to determine whether they conform on
their face to the requirements of this Agreement; provided, 

 

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however, that, the Trustee or the Certificate Administrator,
as applicable, shall not be responsible for the accuracy or content of any such resolution, certificate, statement, opinion, report,
document, order or other instrument provided to it hereunder. If any such instrument is found not to conform on its face to the
requirements of this Agreement in a material manner, the Trustee or the Certificate Administrator, as applicable, shall request
the provider of such instrument to have the instrument corrected, and if the instrument is not corrected to such Trustee’s
or such Certificate Administrator’s reasonable satisfaction, such Trustee or such Certificate Administrator will provide
notice thereof to the Certificateholders.

 

(c)          
None of the Trustee, the Certificate Administrator or any of their officers, directors, employees, agents or “control”
persons within the meaning of the Act shall have any liability arising out of or in connection with this Agreement, provided that, subject to Section 8.02 of this Agreement, no provision of this Agreement shall be construed to relieve
the Trustee, the Certificate Administrator or any such person, from liability for its own negligent action, its own negligent
failure to act or its own willful misconduct or its own bad faith; and provided, further, that:

 

(i)          
The Trustee’s and the Certificate Administrator’s duties and obligations shall be determined solely by the express
provisions of this Agreement, neither the Trustee nor the Certificate Administrator shall be liable except for the performance
of such duties and obligations as are specifically set forth in regard to such party in this Agreement, no implied covenants or
obligations shall be read into this Agreement against the Trustee or the Certificate Administrator and, in the absence of bad
faith on the part of the Trustee or the Certificate Administrator, as the case may be, the Trustee and the Certificate Administrator
may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any resolutions,
certificates, statements, reports, opinions, documents, orders or other instruments furnished to the Trustee or the Certificate
Administrator, as the case may be, that conform on their face to the requirements of this Agreement to the extent set forth herein
without responsibility for investigating the contents thereof;

 

(ii)          
Neither the Trustee nor the Certificate Administrator shall be personally liable for an error of judgment made in good faith by
a Responsible Officer of the Trustee or the Certificate Administrator, as the case may be, unless it shall be proved that the
Trustee or the Certificate Administrator, as the case may be, was negligent in ascertaining the pertinent facts;

 

(iii)          Neither the Trustee nor the Certificate Administrator shall be personally liable with respect to any action taken, suffered or
omitted to be taken by it in good faith in accordance with the direction of Certificateholders entitled to greater than 50% of
the Percentage Interests (or such other percentage as is specified herein) of each affected Class, or of the aggregate Voting
Rights of the Certificates, relating to the time, method and place of conducting any proceeding for any remedy available to the
Trustee or the Certificate Administrator, as the case may be, or exercising any trust or power conferred upon the Trustee or the
Certificate Administrator, as the case may be, under this Agreement (unless a higher percentage of Voting Rights is required for
such action);

 

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(iv)          Neither the Trustee nor the Certificate Administrator nor any of their directors, officers, employees, agents or control persons
shall be responsible for any act or omission of any Custodian, Paying Agent or Certificate Registrar that is not an Affiliate
of the Trustee or Certificate Administrator, respectively, and that is selected other than by the Trustee or Certificate Administrator,
respectively, performed or omitted in compliance with any custodial or other agreement, or any act or omission of the Master Servicer,
the Special Servicer, the Depositor or any other Person, including, without limitation, in connection with actions taken pursuant
to this Agreement;

 

(v)          
Neither the Trustee nor the Certificate Administrator shall be under any obligation to appear in, prosecute or defend any legal
action which is not incidental to its respective duties as Trustee or Certificate Administrator in accordance with this Agreement
(and, if it does, all legal expenses and costs of such action shall be expenses and costs of the Trust Fund, and the Trustee or
the Certificate Administrator, as applicable, shall be entitled, as provided in Section 3.06 hereof, to be reimbursed
therefor from amounts on deposit in the Collection Account or the Distribution Account and identified on the Trust Ledger, unless
such legal action arises out of the negligence or bad faith of the Trustee or Certificate Administrator, as applicable, or any
breach of a representation or warranty of the Trustee or Certificate Administrator, as applicable, contained herein);

 

(vi)         
Neither the Trustee nor the Certificate Administrator shall be charged with knowledge of any act, failure to act or breach of
any Person upon the occurrence of which the Trustee or Certificate Administrator, as applicable, may be required to act, unless
a Responsible Officer of the Trustee or Certificate Administrator, as applicable, obtains actual knowledge of such failure. Neither
the Trustee nor the Certificate Administrator shall be deemed to have actual knowledge of the Master Servicer’s or the Special
Servicer’s failure to provide scheduled reports, certificates and statements when and as required to be delivered to the
Trustee or Certificate Administrator, as applicable, pursuant to this Agreement; and

 

(vii)         Except in the event of actual fraud (as determined by a non-appealable final court order), in no event shall the Trustee or the
Certificate Administrator, as applicable, be liable for special, punitive, indirect or consequential loss or damage of any kind
whatsoever (including but not limited to lost profits), even if the Trustee or the Certificate Administrator, as applicable, has
been advised of the likelihood of such loss or damage and regardless of the form of action.

 

None
of the provisions contained in this Agreement shall require either the Trustee, in its capacity as Trustee or the Certificate
Administrator, in its capacity as Certificate Administrator, to expend or risk its own funds, or otherwise incur financial liability
in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if in the opinion of the
Trustee or the Certificate Administrator, as the case may be, the repayment of such funds or adequate indemnity against such risk
or liability is not reasonably assured to it, and none of the provisions contained in this Agreement shall in any event require
the Trustee or the Certificate Administrator, as the case may be, to perform, or be responsible for the manner of performance
of, any of the obligations of the Master Servicer or the Special Servicer under this Agreement, except, in the case of the Trustee,
during such time, if any, as the Trustee shall be the successor to, and be vested with the rights, duties, powers and privileges
of, the Master Servicer

 

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or the Special Servicer in accordance with the terms of this Agreement. Neither the Trustee nor the Certificate
Administrator shall be required to post any surety or bond of any kind in connection with its performance of its obligations under
this Agreement and neither the Trustee nor the Certificate Administrator shall be liable for any loss on any investment of funds
pursuant to this Agreement. Notwithstanding any other provision hereof, when acting as the Master Servicer or Special Servicer
hereunder, the Trustee and the Certificate Administrator shall comply with the Servicing Standard.

 

Section 8.02    
Certain Matters Affecting the Trustee and the Certificate Administrator. (a)  Except as otherwise provided in
Section 8.01 of this Agreement:

 

(i)           
The Trustee and the Certificate Administrator may request and/or conclusively rely upon and shall be protected in acting or refraining
from acting upon any resolution, direction of the Depositor, Officer’s Certificate, certificate of auditors or any other
certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document
reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties and neither the Trustee
nor the Certificate Administrator shall have any responsibility to ascertain or confirm the genuineness of any such party or parties;

 

(ii)          
Each of the Trustee and the Certificate Administrator may consult with counsel and the written advice of such counsel or any Opinion
of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by it
hereunder in good faith and in accordance with the written advice of such counsel or such Opinion of Counsel;

 

(iii)          (A) Neither the Trustee nor the Certificate Administrator shall be under any obligation to exercise any of the trusts or
powers vested in it by this Agreement or to make any investigation of matters arising hereunder or institute, conduct or defend
any litigation hereunder or in relation hereto at the request, order or direction of any of the Certificateholders, pursuant to
the provisions of this Agreement, unless such Certificateholders, as applicable, shall have offered to the Trustee or the Certificate
Administrator, as the case may be, reasonable security or indemnity reasonably satisfactory to the Trustee or the Certificate
Administrator, as the case may be, against the costs, expenses and liabilities which may be incurred therein or thereby, provided that nothing contained herein shall relieve the Trustee or the Certificate Administrator, as the case may be, of the obligations,
upon the occurrence of a Servicer Termination Event (which has not been cured or waived) of which a Responsible Officer of the
Trustee or the Certificate Administrator, as the case may be, has actual knowledge, to exercise such of the rights and powers
vested in it by this Agreement, and, with respect to the Trustee, to use the same degree of care and skill in their exercise,
as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs; and (B) the
right of the Trustee and the Certificate Administrator to perform any discretionary act enumerated in this Agreement shall not
be construed as a duty, and the Trustee or the Certificate Administrator, as the case may be, shall not be answerable for other
than its negligence or willful misconduct in the performance of any such act;

 

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(iv)          None of the Trustee, the Certificate Administrator or any of their directors, officers, employees, Affiliates, agents or “control”
persons within the meaning of the Act shall be personally liable for any action taken, suffered or omitted by it in good faith
and reasonably believed by the Trustee or the Certificate Administrator, as the case may be, to be authorized or within the discretion
or rights or powers conferred upon it by this Agreement;

 

(v)          
The Trustee (if no Servicer Termination Event has occurred and is continuing) and the Certificate Administrator shall not be bound
to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, consent, order, appraisal, bond or other paper or document, unless requested in writing to do so by Holders of
Certificates entitled to greater than 25% (or such other percentage as is specified herein) of the Percentage Interests of each
affected Class; provided, however, that if the payment within a reasonable time to the Trustee or the Certificate
Administrator, as the case may be, of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation
is, in the opinion of the Trustee or the Certificate Administrator, as the case may be, not reasonably assured to the Trustee
or the Certificate Administrator, as the case may be, by the security afforded to it by the terms of this Agreement, the Trustee
or the Certificate Administrator, as the case may be, may require indemnity reasonably satisfactory to it from such requesting
Holders against such cost, expense or liability as a condition to taking any such action. The reasonable expense of every such
investigation shall be paid by the Master Servicer or the Special Servicer, as applicable, if a Servicer Termination Event shall
have occurred and be continuing relating to the Master Servicer or the Special Servicer, respectively, and otherwise by the Certificateholders
requesting the investigation;

 

(vi)         
The Trustee or the Certificate Administrator, as applicable, may execute any of the trusts or powers hereunder and the Trustee
and the Certificate Administrator may perform any duties hereunder either directly or by or through agents, nominees, custodians
or attorneys but shall not be relieved of the obligations hereunder by virtue of the appointment of such agents, nominees, custodians
or attorneys, provided, however, that the Trustee or the Certificate Administrator, as the case may be, may not
perform any duties hereunder through any Person that is a Prohibited Party;

 

(vii)         Neither the Trustee nor the Certificate Administrator shall be responsible for any act or omission of the Master Servicer or the
Special Servicer (unless the Trustee is acting as Master Servicer or Special Servicer, as the case may be, in which case the Trustee
shall only be responsible for its own actions as Master Servicer or Special Servicer) or of the Depositor;

 

(viii)        In no event shall the Trustee or the Certificate Administrator be liable for any failure or delay in the performance of its obligations
hereunder due to force majeure or acts of God; provided that such failure or delay is not also a result of its own
negligence, bad faith or willful misconduct;

 

(ix)          
Except as otherwise expressly set forth in this Agreement, Wells Fargo Bank, National Association acting in any particular capacity
hereunder shall not be deemed to be imputed with knowledge of (a) Wells Fargo Bank, National Association acting in a

 

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capacity
that is unrelated to the transactions contemplated by this Agreement, or (b) Wells Fargo Bank, National Association acting
in any other capacity hereunder, except, in the case of either clause (a) or clause (b), where some or all of the
obligations performed in such capacities are performed by one or more employees within the same group or division of Wells Fargo
Bank, National Association or where the groups or divisions responsible for performing the obligations in such capacities have
one or more of the same Responsible Officers; provided in any event, however, the knowledge of employees performing special
servicing functions shall not be imputed to employees performing master servicing functions, and the knowledge of employees performing
master servicing functions shall not be imputed to employees performing special servicing functions; and

 

(x)           
Nothing herein shall require the Trustee or the Certificate Administrator to act in any manner that is contrary to applicable
law.

 

(b)           Following the Startup Day, the Trustee and the Certificate Administrator shall not, except as expressly required by any provision
of this Agreement, accept any contribution of assets to the Trust Fund unless the Trustee or the Certificate Administrator shall
have received an Opinion of Counsel (the costs of obtaining such opinion to be borne by the Person requesting such contribution)
to the effect that the inclusion of such assets in the Trust Fund will not cause the Lower-Tier REMIC or the Upper-Tier REMIC
to fail to qualify as a REMIC at any time that any Certificates are outstanding, or subject the Lower-Tier REMIC or the Upper-Tier
REMIC to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances.

 

(c)          
All rights of action under this Agreement or under any of the Certificates, enforceable by the Trustee and the Certificate Administrator,
may be enforced by it without the possession of any of the Certificates, or the production thereof at the trial or other proceeding
relating thereto, and any such suit, action or proceeding instituted by the Trustee and the Certificate Administrator shall be
brought in its name for the benefit of all the Holders of such Certificates, subject to the provisions of this Agreement.

 

(d)           The Trustee shall not have a duty to conduct any affirmative investigation as to the occurrence of any condition requiring the
repurchase of the Trust Loan by the Trust Loan Sellers pursuant to this Agreement or the eligibility of the Trust Loan for purposes
of this Agreement.

 

(e)          
Each of the Trustee and the Certificate Administrator shall be entitled to all of the same rights, protections, immunities and
indemnities afforded to it as Trustee and Certificate Administrator, as the case may be, in each capacity for which it serves
hereunder (including, without limitation, as Custodian, Certificate Registrar, 17g-5 Information Provider, Paying Agent and Authenticating
Agent). For the avoidance of doubt, the Certificate Administrator and the Trustee shall be entitled to all of the rights, protections,
immunities and indemnities afforded to it hereunder under.

 

(f)          
In order to comply with laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions,
including, without limitation, those relating to the funding of terrorist activities and money laundering, including Section 326
of the USA PATRIOT Act of the United States (“Applicable Law”), the Certificate Administrator (in

 

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each of its
capacities) and the Trustee, as the case may be, are required to obtain, verify and record certain information relating to individuals
and entities that maintain a business relationship with the Certificate Administrator (in each of its capacities) or the Trustee.
Accordingly, each of the parties hereto agrees to provide to the Certificate Administrator (in each of its capacities) and the
Trustee, upon its respective request from time to time, such identifying information and documentation as may be available for
such party in order to enable the Certificate Administrator (in each of its capacities) and the Trustee to comply with Applicable
Law.

 

Section 8.03       
Trustee and Certificate Administrator Not Liable for Certificates or the Trust Loan. The recitals contained herein and
in the Certificates shall not be taken as the statements of the Trustee, the Certificate Administrator, the Master Servicer, or
the Special Servicer and the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer assume no responsibility
for their correctness. The Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer make no representations
or warranties as to the validity or sufficiency of this Agreement, of the Certificates or any offering document used to offer
the Certificates for sale or the validity, enforceability or sufficiency of the Trust Loan, or related document. Neither the Trustee
nor the Certificate Administrator shall at any time have any responsibility or liability for or with respect to the legality,
validity and enforceability of the related Mortgage, the Trust Loan, or the perfection and priority of any Mortgage or the maintenance
of any such perfection and priority, or for or with respect to the sufficiency of the Trust Fund or its ability to generate the
payments to be distributed to Certificateholders under this Agreement. Without limiting the foregoing, neither the Trustee nor
the Certificate Administrator shall be liable or responsible for: (i) the existence, condition and ownership of the Mortgaged
Property; (ii) the existence of any hazard or other insurance thereon (other than if the Trustee shall assume the duties
of the Master Servicer or the Special Servicer pursuant to Section 7.02 of this Agreement) or the enforceability thereof;
(iii) the existence of the Trust Loan or the contents of the Mortgage File on any computer or other record thereof (other
than if the Trustee shall assume the duties of the Master Servicer or the Special Servicer pursuant Section 7.02 of
this Agreement); (iv) the validity of the assignment of the Trust Loan to the Trust Fund or of any intervening assignment;
(v) the completeness of the Mortgage File; the performance or enforcement of the Trust Loan (other than if the Trustee shall
assume the duties of the Master Servicer or the Special Servicer pursuant to Section 7.02 of this Agreement); (vi) the
compliance by the Depositor, the Master Servicer or the Special Servicer with any warranty or representation made under this Agreement
or in any related document or the accuracy of any such warranty or representation prior to the Trustee’s receipt of written
notice or other discovery of any non-compliance therewith or any breach thereof; (vii) any investment of monies by or at
the direction of the Master Servicer or any loss resulting therefrom, the acts or omissions of any of the Depositor, the Certificate
Administrator, the Master Servicer or the Special Servicer (other than if the Trustee shall assume the duties of the Certificate
Administrator, the Master Servicer or Special Servicer pursuant to Section 7.02 of this Agreement) or any Sub-Servicer
or the Borrower; any action of the Master Servicer or Special Servicer (other than if the Trustee shall assume the duties of the
Master Servicer or Special Servicer pursuant to Section 7.02 of this Agreement) or any Sub-Servicer taken in the name
of the Trustee, except to the extent such action is taken at the express written direction of the Trustee; (viii) the failure
of the Master Servicer or the Special Servicer or any Sub-Servicer to act or perform any duties required of them on behalf of
the Trust Fund or the Trustee hereunder; or (ix) any action by or omission of the Trustee or the Certificate Administrator
taken at the instruction of the Master Servicer or the Special Servicer (other than if the Trustee shall assume the duties of
the Master

 

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Servicer or the Special Servicer pursuant to Section 7.02 of this Agreement) unless the taking of such
action is not permitted by the express terms of this Agreement; provided, however, that the foregoing shall not
relieve the Trustee or the Certificate Administrator of their respective obligations to perform their duties as specifically set
forth in this Agreement. The Trustee or the Certificate Administrator shall not be accountable for the use or application by the
Depositor, the Certificate Administrator (in the case of the Trustee only), the Trustee (in the case of the Certificate Administrator
only), the Master Servicer or the Special Servicer of any of the Certificates or of the proceeds of such Certificates, or for
the use or application of any funds paid to the Depositor, the Certificate Administrator (in the case of the Trustee only), the
Trustee (in the case of the Certificate Administrator only), the Master Servicer or the Special Servicer in respect of the assignment
of the Trust Loan or deposited in or withdrawn from the Collection Account, the Lower-Tier Distribution Account, the Upper-Tier
Distribution Account, the Lock-Box Account, the Cash Collateral Account, the Reserve Accounts, any REO Account or any other account
maintained by or on behalf of the Certificate Administrator, the Master Servicer or the Special Servicer, other than any funds
held by the Trustee or the Certificate Administrator, as applicable. Neither the Trustee nor the Certificate Administrator shall
have any responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect
or maintain the perfection of any security interest or lien granted to it hereunder (unless the Trustee shall have become the
successor Master Servicer) or to record this Agreement. In making any calculation hereunder which includes as a component thereof
the payment or distribution of interest for a stated period at a stated rate “to the extent permitted by applicable law”,
the Trustee or the Certificate Administrator, as the case may be, shall assume that such payment is so permitted unless a Responsible
Officer of the Trustee or the Certificate Administrator, as the case may be, has actual knowledge, or receives an Opinion of Counsel
(at the expense of the Person asserting the impermissibility) to the effect, that such payment is not permitted by applicable
law. The Depositor is not obligated to monitor or supervise the performance of the Trustee or the Certificate Administrator under
this Agreement or otherwise.

 

Section 8.04    
Trustee and Certificate Administrator May Own Certificates. The Trustee, the Certificate Administrator and any agent of
the Trustee or the Certificate Administrator in its individual capacity or any other capacity may become the owner or pledgee
of Certificates, and may deal with the Depositor, the Certificate Administrator, the Trustee, the Master Servicer, the Special
Servicer and the Initial Purchasers in banking transactions, with the same rights it would have if it were not Trustee, Certificate
Administrator or such agent, as the case may be.

 

Section 8.05    
Payment of Trustee’s and Certificate Administrator’s Fees and Expenses; Indemnification. (a)  On
each Distribution Date, prior to the distribution of amounts to the Certificateholders, the Certificate Administrator shall be
entitled to withdraw and pay the Trustee and itself its respective portion of the Trustee/Certificate Administrator Fee, as applicable,
as reasonable compensation from amounts remitted to the Lower-Tier Distribution Account (which shall not be limited by any provision
of law in regard to the compensation of a trustee of an express trust) for all services rendered in the execution of the trusts
hereby created and in the exercise and performance of any of the powers and duties of the Trustee and the Certificate Administrator
at the Trustee/Certificate Administrator Fee Rate.

 

(b)           In the event that the Trustee assumes the servicing responsibilities of the Master Servicer or the Special Servicer hereunder
pursuant to or otherwise arising from the

 

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resignation or removal of the Master Servicer or the Special Servicer, the Trustee shall
be entitled to the compensation to which the Master Servicer or the Special Servicer, as the case may be, would have been entitled
(other than the rights of the Special Servicer to receive any Workout Fee specified in Section 3.12(c) of this Agreement
in the event that the Special Servicer is terminated).

 

(c)          
The Trustee, the Custodian and the Certificate Administrator shall be paid or reimbursed by the Trust Fund upon its request for
all reasonable expenses, disbursements and advances incurred or made by the Trustee, the Custodian or the Certificate Administrator
pursuant to and in accordance with any of the provisions of this Agreement (including the reasonable compensation and the expenses
and disbursements of its counsel and of all persons not regularly in its employ), which the Certificate Administrator will be
entitled to withdraw from the Distribution Accounts prior to the distribution to Certificateholders to the extent set forth herein
and to the extent such payments are “unanticipated expenses incurred by the REMIC” within the meaning of Treasury
Regulations Section 1.860G-1(b)(iii), except any such expense, disbursement or advance as may arise from its negligence,
willful misconduct or bad faith; provided, however, that, subject to the last paragraph of Section 8.01 and Section 8.02(a)(iii) of this Agreement, the Trustee, the Custodian or the Certificate Administrator shall
not refuse to perform any of their respective duties hereunder solely as a result of the failure to be paid their respective portions
of the Trustee/Certificate Administrator Fee, or the Trustee’s previously-incurred expenses or, the Custodian’s or
Certificate Administrator’s previously-incurred expenses, as applicable. The term “unanticipated expenses incurred
by the REMIC” shall include any fees, expenses and disbursement of any separate Trustee or Co-Trustee appointed hereunder,
only to the extent such fees, expenses and disbursements were not reasonably anticipated as of the Closing Date and are attributable
to the Lower-Tier REMIC or the Upper-Tier REMIC and the losses, liabilities, damages, claims or expenses (including reasonable
attorneys’ fees) incurred or advanced by an Indemnified Party in connection with any litigation arising out of this Agreement
attributable to the Lower-Tier REMIC or the Upper-Tier REMIC, including, without limitation, under Section 2.03, Section 3.10,
the third paragraph of Section 3.11, Section 4.05 and Section 7.01 of this Agreement.

 

The
Master Servicer and the Special Servicer covenant and agree to pay or reimburse the Trustee for the reasonable expenses, disbursements
and advances incurred or made by the Trustee in connection with any transfer of the servicing responsibilities of the Master Servicer
or the Special Servicer, respectively, hereunder, pursuant to or otherwise arising from the resignation or removal of the Master
Servicer or Special Servicer (except in the case of removal of the Special Servicer without cause), as applicable, in accordance
with any of the provisions of this Agreement (and including the reasonable fees and expenses and disbursements of its counsel
and all other persons not regularly in its employ), except any such expense, disbursement or advance as may arise from the negligence,
willful misconduct or bad faith of the Trustee.

 

(d)           Each of the Certificate Administrator, the Custodian, the Paying Agent, the Trustee, the Depositor, the Master Servicer and the
Special Servicer (each, for purposes of this Section 8.05(d), an “Indemnifying Party”) shall (severally
and not jointly) indemnify the Trustee (both in its capacity as Trustee and individually) and the Certificate Administrator (in
its capacity as Certificate Administrator, the Custodian, Paying Agent and individually) and each of their Affiliates and each
of the directors, officers, employees, representatives and agents of the Trustee and the Certificate Administrator and each of
their Affiliates (each, for purposes of this

 

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Section 8.05(d), an “Indemnified Party”), and hold
each of them harmless against any and all claims, losses, damages, penalties, fines, forfeitures, reasonable legal fees and related
costs, judgments, and any other costs, fees and expenses that the Indemnified Party may sustain in connection with this Agreement
(including, without limitation, reasonable fees and disbursements of counsel incurred by the Indemnified Party in any action or
proceeding between the Indemnifying Party and the Indemnified Party or between the Indemnified Party and any third party or otherwise)
resulting from each such Indemnifying Party’s respective willful misconduct, bad faith, fraud or negligence in the performance
of each of its respective duties hereunder or by reason of negligent disregard of its respective obligations and duties hereunder
(including in the case of the Master Servicer, any agent of the Master Servicer or Sub-Servicer).

 

The
Trust Fund shall indemnify each Indemnified Party from, and hold it harmless against, any and all losses, liabilities, damages,
penalties, fines, forfeitures, judgments, claims or unanticipated expenses (including, without limitation, reasonable fees and
disbursements of counsel incurred by the Indemnified Party in any action or proceeding between the Indemnifying Party and the
Indemnified Party or between the Indemnified Party and any third party or otherwise) arising in respect of this Agreement, the
Trust Loan, the Certificates other than those (i) resulting from the willful misconduct, bad faith, fraud or negligence of
the Indemnified Party, as applicable, in the performance of its obligations and duties under this Agreement, (ii) by reason
of its negligent disregard of those obligations or duties, or as may arise from a breach of any representation or warranty of
the Indemnified Party made in Section 2.04(c) or Section 2.04(d), as applicable, of this Agreement, (iii) as
to which such Indemnified Party is entitled to indemnification pursuant to this Section 8.05(d) or (iv) constituting
a specific liability imposed on the Indemnified Party by this Agreement. The right of reimbursement of the Indemnified Parties
under this Section 8.05(d) shall be senior to the rights of all Certificateholders.

 

(e)          
Notwithstanding anything herein to the contrary, this Section 8.05 shall survive the termination or maturity of this
Agreement or the resignation, removal or termination of the Trustee or the Certificate Administrator, as the case may be, regarding
rights accrued prior to such resignation, removal or termination and (with respect to any acts or omissions during its respective
tenures) the resignation, removal or termination of the Master Servicer, the Special Servicer, the Paying Agent, the Certificate
Administrator, the Certificate Registrar or the Custodian.

 

(f)          
 This Section 8.05 shall be expressly construed to include, but not be limited to, such indemnities, compensation,
expenses, disbursements, advances, losses, liabilities, damages and the like, as may pertain or relate to any environmental law
or environmental matter.

 

(g)           Each of the Certificate Administrator, Custodian, Paying Agent and the Trustee (in each case with respect to itself only, for
purposes of this Section 8.05(g), an “Indemnifying Party”) shall (severally and not jointly) indemnify
the Trust Fund, the Depositor, the Master Servicer and the Special Servicer and their respective Affiliates and each of the directors,
officers, employees and agents of the Master Servicer and the Special Servicer and their respective Affiliates (each, for purposes
of this Section 8.05(g), an “Indemnified Party”), and hold each of them harmless against any and
all claims, losses, damages, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments, and any other
costs, fees and expenses that the Indemnified Party may sustain in connection with this Agreement (including, without limitation
reasonable fees and disbursements of counsel incurred by the Indemnified Party in any action or

 

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proceeding between the Indemnifying
Party and the Indemnified Party or between the Indemnified Party and any third party or otherwise) resulting from the applicable
Indemnifying Party’s willful misconduct, bad faith, fraud or negligence in the performance of its duties hereunder or by
reason of negligent disregard of its obligations and duties hereunder.

 

(h)           The Certificate Administrator (for purposes of this Section 8.05(h), the “Indemnifying Party”)
shall, solely in its capacity as the 17g-5 Information Provider, indemnify each of the Trust Loan Sellers and the Initial Purchasers
(each, for purposes of this Section 8.05(h), an “Indemnified Party”), and hold each of them harmless
against any and all claims, losses, damages, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments,
and any other costs, fees and expenses that the Indemnified Party may sustain in connection with this Agreement (including, without
limitation reasonable fees and disbursements of counsel incurred by the Indemnified Party in any action or proceeding between
the Indemnifying Party and the Indemnified Party or between the Indemnified Party and any third party or otherwise) related to
(i) the applicable Indemnifying Party’s willful misconduct, bad faith, fraud or negligence in the performance of its
duties hereunder or by reason of negligent disregard of its obligations and duties hereunder or (ii) a determination by any
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), to the extent caused by any such willful misconduct, bad faith, fraud or negligence in the performance of
its duties hereunder or by reason of negligent disregard referred to in clause (i) above by the Indemnifying Party.

 

Section 8.06    
Eligibility Requirements for Trustee and Certificate Administrator. The Trustee and Certificate Administrator hereunder
shall at all times:

 

(i)            
be a corporation, national bank, national banking association or trust company, organized and doing business under the laws of
any state or the United States of America,

 

(ii)          
(a) with respect to the Trustee, be authorized under such laws to exercise corporate trust powers and to accept the trust conferred
under this Agreement and (b) with respect to the Certificate Administrator, be authorized to exercise corporate trust powers,

 

(iii)         
have a combined capital and surplus of at least $50,000,000,

 

(iv)          have a rating on its unsecured long-term debt of at least “A” by S&P, and, if rated by KBRA, a rating by KBRA
at least equivalent to “A” by S&P or otherwise acceptable to S&P and KBRA as confirmed by receipt of a Rating
Agency Confirmation; provided, however, the Trustee will not become ineligible to serve based on a failure to satisfy
such rating requirements as long as (a) it has a rating on its long-term unsecured debt of at least “BBB” by S&P
and if rated by KBRA, a rating by KBRA at least equivalent to “BBB” by S&P, (b) it has a rating on its short-term
debt obligations of at least “A-2” by S&P, and (c) the Master Servicer has a rating on its long-term senior unsecured
debt of at least “A” by S&P and if rated by KBRA, a rating by KBRA at least equivalent to “A” by KBRA,

 

(v)           be subject to supervision or examination by federal or state authority and, in the case of the Trustee, shall not be an
Affiliate of the Master Servicer or the Special

 

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Servicer (except, in the case of the Trustee, during any period when the Trustee
has assumed the duties of the Master Servicer or Special Servicer, as the case may be, pursuant to Section 7.02 of
this Agreement), and

 

(vi)          not be a person that would be a Prohibited Party if it was a proposed Servicing Function Participant.

 

Notwithstanding
the foregoing, if the Trustee or the Certificate Administrator meets the provisions of clauses (i) through (iii),
(v) and (vi) above, but does not meet the provisions of clause (iv) above, the Trustee or the Certificate
Administrator, as the case may be, shall be deemed to meet the provisions of such clause (iv) if it appoints a fiscal
agent as a back-up liquidity provider, provided that such fiscal agent meets the provisions of clauses (i) through
(vi) above and shall have assumed in writing all obligations of the Trustee or the Certificate Administrator, as the case
may be, to make Advances under this Agreement as and when required of the Trustee or the Certificate Administrator, as the case
may be. If a corporation or association publishes reports of condition at least annually, pursuant to law or to the requirements
of the aforesaid supervising or examining authority, then for purposes of this Section the combined capital and surplus of such
corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.
If the place of business from which the Trustee administers the Trust Fund is a state or local jurisdiction that imposes a tax
on the Trust Fund or the net income of either Trust REMIC (other than a tax corresponding to a tax imposed under the REMIC Provisions)
the Trustee shall elect either to (i) resign immediately in the manner and with the effect specified in Section 8.07 of this Agreement, (ii) pay such tax and continue as Trustee or (iii) administer the Trust Fund from a state and
local jurisdiction that does not impose such a tax. If at any time the Trustee or the Certificate Administrator shall cease to
be eligible in accordance with the provisions of this Section, the Trustee or the Certificate Administrator, as the case may be,
shall resign immediately in the manner and with the effect specified in Section 8.07 of this Agreement.

 

Section 8.07       
Resignation and Removal of Trustee and Certificate Administrator. The Trustee and the Certificate Administrator may at
any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Trustee, the Depositor,
the Certificate Administrator, the Master Servicer, the Special Servicer, the 17g-5 Information Provider (which shall promptly
post such notice to the 17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement);
provided that such resignation shall not be effective until its successor shall have accepted the appointment. Upon notice
of resignation from the Trustee, the Depositor shall promptly appoint a successor trustee acceptable to the Master Servicer, the
appointment of which successor is subject to the requirements contained in Section 8.06 of this Agreement. Upon notice
of resignation from the Certificate Administrator, the Trustee shall promptly appoint a successor certificate administrator, the
appointment of which is subject to the requirements contained in Section 8.06 of this Agreement. If no successor trustee
or certificate administrator shall have been so appointed and have accepted appointment within 30 days after the giving of such
notice of resignation, the resigning Trustee or Certificate Administrator, as the case may be, may petition any court of competent
jurisdiction for the appointment of a successor. The Trustee or the Certificate Administrator, as applicable, shall bear all reasonable
out of pocket costs and expenses of each other party hereto and each Rating Agency in connection with its resignation.

 

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If
at any time the Trustee or the Certificate Administrator shall cease to be eligible in accordance with the provisions of Section 8.06 of this Agreement and shall fail to resign after written request therefor by the Depositor or the Master Servicer, or if at
any time the Trustee or the Certificate Administrator shall become incapable of acting, or shall be adjudged bankrupt or insolvent,
or a receiver of the Trustee or the Certificate Administrator, as the case may be (or of its property), shall be appointed, or
any public officer shall take charge or control of the Trustee or the Certificate Administrator, as the case may be (or of its
property or affairs), for the purpose of rehabilitation, conservation or liquidation, then the Depositor or the Master Servicer
may remove the Trustee or the Certificate Administrator, as the case may be, and the Depositor or the Master Servicer shall promptly
appoint a successor by written instrument, which shall be delivered to the Trustee or the Certificate Administrator, as the case
may be, so removed and to the successor.

 

The
Certificateholders entitled to at least 50% of the Voting Rights may with cause (at any time) or without cause (at any time with
30 days’ prior written notice), remove the Trustee or the Certificate Administrator and appoint a successor by written instrument
or instruments, in seven originals, signed by such Holders or their attorneys-in-fact duly authorized, one complete set of which
instruments shall be delivered to the Depositor, one complete set to the Master Servicer and Special Servicer, one complete set
to the Trustee, one complete set to the Certificate Administrator, and one complete set to the successor trustee or certificate
administrator, as applicable.

 

In
addition, if the Trustee or the Certificate Administrator is terminated without cause, the terminating party shall pay all of
the expenses of the Trustee or the Certificate Administrator, as the case may be, necessary to affect the transfer of its responsibilities
to the successor.

 

In
the event that the Trustee is terminated or removed pursuant to this Section 8.07, all of its rights and obligations
under this Agreement and in and to the Trust Loan shall be terminated, other than any rights or obligations that accrued prior
to the date of such termination or removal (including the right to receive all fees, expenses, indemnities, and other amounts
accrued or owing to it under this Agreement, plus interest at the Advance Rate on all such amounts until received to the extent
such amounts bear interest as provided in this Agreement, with respect to periods prior to the date of such termination or removal)
and such resignation, termination, or removal shall be effective with respect to each of its other capacities hereunder.

 

In
the event that the Certificate Administrator is terminated or removed pursuant to this Section 8.07, (i) all
of its rights and obligations under this Agreement and in and to the Trust Loan shall be terminated, other than any rights or
obligations that accrued prior to the date of such termination or removal (including the right to receive all fees, indemnities,
expenses and other amounts accrued or owing to it under this Agreement with respect to periods prior to the date of such termination
or removal) and (ii) such resignation, termination, or removal shall be effective with respect to each of its other capacities
hereunder.

 

Upon
the resignation, assignment, or transfer of the Trustee or its business to a successor, or upon the termination of the Trustee,
(a) the outgoing Trustee, at its own expense without right to reimbursement therefor, shall (A) endorse the original
executed Trust Note for the Trust Loan (to the extent that the original executed note for the Trust Loan was endorsed to the outgoing
Trustee), without recourse, representation or warranty, express or implied, to the order

 

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of the successor, as trustee for the
registered holders of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates or in blank, and (B) in
the case of the other assignable Loan Documents (to the extent other Loan Documents were assigned to the outgoing Trustee), assign
and record Loan Documents to such successor, and such successor shall review the documents delivered to it or to the Custodian
with respect to the Trust Loan, and certify in writing that, as to the Trust Loan then subject to this Agreement, such endorsement
and assignment has been made; (b) if any original executed Trust Note for the Trust Loan was not endorsed to the outgoing
Trustee, the Custodian shall deliver such Trust Note to the successor trustee and the Custodian shall cooperate with any successor
trustee to ensure that the Trust Note is endorsed (without recourse, representation and warranty, express or implied) to the order
of the successor trustee, as trustee for the registered holders of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through
Certificates, or in blank. If any assignable Loan Document (other than the Trust Note) was not assigned to the outgoing Trustee
or if the Trustee is removed pursuant to Section 8.07 without cause, with respect to the Loan Documents identified
in clause (B) of the preceding sentence, the Custodian shall deliver the Loan Document to the successor trustee and, if
appropriate the Loan Documents shall be recorded at the expense of the Trust and the reasonable cooperation (as determined by
the Depositor) of the Depositor.

 

Section 8.08    
Successor Trustee and Certificate Administrator. (a)  Any successor trustee or certificate administrator shall
execute, acknowledge and deliver to the Depositor, the Master Servicer, the Certificate Administrator (or in the case of a successor
certificate administrator, to the predecessor Certificate Administrator) and the Trustee, as the case may be, instruments accepting
their appointment hereunder, and thereupon the resignation or removal of the predecessor Trustee or Certificate Administrator,
as applicable, shall become effective and such successor, without any further act, deed or conveyance, shall become fully vested
with all the rights, powers, duties and obligations of its predecessor hereunder, with the like effect as if originally named
as Trustee or Certificate Administrator, as applicable, herein, provided that such successor shall satisfy the requirements
contained in Section 8.06 of this Agreement. The predecessor Trustee or Certificate Administrator, as applicable,
shall deliver to its successor all Mortgage Files and related documents and statements held by it hereunder, and the Depositor
and the predecessor Trustee or Certificate Administrator, as applicable, shall execute and deliver such instruments and do such
other things as may reasonably be required for more fully and certainly vesting and confirming in the successor all such rights,
powers, duties and obligations. No successor trustee or certificate administrator, as the case may be, shall accept appointment
as provided in this Section 8.08 unless at the time of such acceptance such successor shall be eligible under the
provisions of Section 8.06 of this Agreement.

 

Upon
acceptance of appointment by a successor trustee as provided in this Section 8.08, the Depositor shall mail notice
of the succession of such Trustee hereunder to all Holders of Certificates at their addresses as shown in the Certificate Register.
If the Depositor fails to mail such notice within 10 days after acceptance of appointment by the successor trustee, the successor
trustee shall cause such notice to be mailed at the expense of the Depositor.

 

(b)           Any successor trustee appointed pursuant to this Agreement shall satisfy the eligibility requirements set forth in Section 8.06 hereof.

 

Section 8.09       
Merger or Consolidation of Trustee or Certificate Administrator. Any corporation into which the Trustee or the Certificate
Administrator may be merged or

 

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converted or with which it may be consolidated or any corporation resulting from any merger, conversion
or consolidation to which the Trustee or the Certificate Administrator shall be a party, or any corporation succeeding to all
or substantially all of the corporate trust business of the Trustee or the Certificate Administrator, shall be the successor of
the Trustee or the Certificate Administrator, as the case may be, hereunder, provided that such corporation shall be eligible
under the provisions of Section 8.06 of this Agreement without the execution or filing of any paper or any further
act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. The Trustee or the Certificate
Administrator, as applicable, will notify the other parties hereto, and the Certificate Administrator shall post notice of such
merger or consolidation to the Certificate Administrator’s Website in accordance with Section 3.14(d) of this
Agreement and provide notice of such event to the Master Servicer, the Special Servicer, the Depositor, the 17g-5 Information
Provider (which shall promptly post such notice to the 17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement).

 

Section 8.10    
Appointment of Co-Trustee or Separate Trustee. Notwithstanding any other provisions hereof, at any time, for the purpose
of meeting any legal requirements of any jurisdiction in which any part of the Trust Fund or property securing the same may at
the time be located, the Depositor and the Trustee acting jointly shall have the power and shall execute and deliver all instruments
to appoint one or more Persons approved by the Trustee to act (at the expense of the Trust) as Co-Trustee or Co-Trustees,
jointly with the Trustee, or separate Trustee or separate Trustees, of all or any part of the Trust Fund, and to vest in such
Person or Persons, in such capacity, such title to the Trust Fund, or any part thereof, and, subject to the other provisions of
this Section 8.10, such powers, duties, obligations, rights and trusts as the Depositor and the Trustee may consider
necessary or desirable. If the Depositor shall not have joined in such appointment within 15 days after the receipt by it of a
request so to do, or in case a Servicer Termination Event shall have occurred and be continuing, the Trustee alone shall have
the power to make such appointment. No Co-Trustee or separate Trustee hereunder shall be required to meet the terms of eligibility
as a successor Trustee under Section 8.06 hereunder and no notice to Holders of Certificates of the appointment of
Co-Trustee(s) or separate Trustee(s) shall be required under Section 8.08 hereof.

 

In
the case of any appointment of a Co-Trustee or separate Trustee pursuant to this Section 8.10, all rights, powers,
duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by
the Trustee and such separate Trustee or Co-Trustee jointly (it being understood that such separate Trustee or Co-Trustee
is not authorized to act separately without the Trustee joining in such act), except to the extent that under any law of any jurisdiction
in which any particular act or acts are to be performed (whether as Trustee hereunder or as successor to the Master Servicer hereunder),
the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations
(including the holding of title to the Trust Fund or any portion thereof in any such jurisdiction) shall be exercised and performed
by such separate Trustee or Co-Trustee solely at the direction of the Trustee.

 

No
Trustee under this Agreement shall be personally liable by reason of any act or omission of any other trustee under this Agreement;
provided that except as required by applicable law, the appointment of a Co-Trustee or separate Trustee shall not relieve
the Trustee of its responsibilities, obligations and liabilities hereunder. The Depositor and the Trustee acting jointly

 

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 may at
any time accept the resignation of or remove any separate Trustee or Co-Trustee, or if the separate Trustee or Co-Trustee
is an employee of the Trustee, the Trustee acting alone may accept the resignation of or remove any separate Trustee or Co-Trustee.

 

Any
notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate Trustees
and Co-Trustees, as effectively as if given to each of them. Every instrument appointing any separate Trustee or Co-Trustee
shall refer to this Agreement and the conditions of this Article VIII. Every such instrument shall be filed with the
Trustee. Each separate Trustee and Co-Trustee, upon its acceptance of the trusts conferred, shall be vested with the estates
or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein,
subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct
of, affecting the liability of, or affording protection to, the Trustee. In no event shall any such separate Trustee or Co-Trustee
be entitled to any provision relating to the conduct of, affecting the liability of or affording protection to such separate Trustee
or Co-Trustee that imposes a standard of conduct less stringent than that imposed by the Trustee hereunder, affording greater
protection than that afforded to the Trustee hereunder or providing a greater limit on liability than that provided to the Trustee
hereunder.

 

Any
separate Trustee or Co-Trustee may, at any time, constitute the Trustee its agent or attorney-in-fact, with full power and
authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in
its name. If any separate Trustee or Co-Trustee shall die, become incapable of acting, resign or be removed, all of its estates,
properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without
the appointment of a new or successor Trustee.

 

ARTICLE
IX

TERMINATION

 

Section 9.01    
Termination. (a)  The respective obligations and responsibilities of the Master Servicer, the Special Servicer,
the Depositor, the Certificate Administrator and the Trustee created hereby with respect to the Certificates (other than the obligations
of the Certificate Administrator to make certain payments and to send certain notices to Certificateholders as hereinafter set
forth) shall terminate upon payment (or provision for payment) to the Certificateholders and the Companion Loan Holders of all
amounts held by or on behalf of the Trustee, the Certificate Administrator and the Master Servicer, as the case may be, required
hereunder to be so paid on the Distribution Date following the earlier to occur of (i) the purchase of the Trust Loan and
all other property held by the Trust Fund in accordance with Section 9.01(c) of this Agreement; (ii) the exchange
by the Sole Owner of its Certificates for the Trust Loan in accordance with Section 9.01(g) of this Agreement; and
(iii) the later of (a) the receipt or collection of the last payment due on the Trust Loan included in the Trust Fund,
or (b) the liquidation and disposition pursuant to this Agreement of the last asset held by the Trust Fund; provided,
however, that in no event shall the trust created hereby continue beyond the expiration of twenty-one years from the death
of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the United Kingdom,
living on the date hereof.

 

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For
purposes of this Section 9.01, the Sole Owner shall have the first option to terminate the Trust Fund, pursuant to
subsection Section 9.01(g), and then the Directing Holder, and then the Special Servicer and then the Master
Servicer and then the Holder of a majority Percentage Interest in the Class R and Class LR Certificates, in that order, pursuant
to subsection Section 9.01(c).

 

(b)          
The Trust Fund, the Lower-Tier REMIC and the Upper-Tier REMIC shall be terminated and the assets of the Trust Fund shall be sold
or otherwise disposed of in connection therewith, only pursuant to a “plan of complete liquidation” within the meaning
of Section 860F(a)(4)(A) of the Code providing for the actions contemplated by the provisions hereof and pursuant to
which the applicable Notice of Termination is given, and requiring that the Trust Fund, the Lower-Tier REMIC and the Upper-Tier
REMIC shall terminate on a Distribution Date occurring not more than 90 days following the date of adoption of the plan of complete
liquidation. For purposes of this Section 9.01(b), the Notice of Termination given pursuant to Section 9.01(c) of this Agreement shall constitute the adoption of the plan of complete liquidation as of the date such notice is given, which
date shall be specified by the Certificate Administrator (based on information provided by the Master Servicer) in the final federal
income tax returns of the Upper-Tier REMIC and the Lower-Tier REMIC. Notwithstanding the termination of the Lower-Tier REMIC or
the Upper-Tier REMIC or the Trust Fund, the Certificate Administrator shall be responsible for filing the final Tax Returns for
each Trust REMIC for the period ending with such termination, and shall retain books and records with respect to each Trust REMIC
for the same period of retention for which it maintains its own tax returns or such other reasonable period. The Trustee shall
sign all Tax Returns and other reports required by this Section.

 

(c)          
The Directing Holder and, if the Directing Holder does not exercise such option, then the Special Servicer and if the Special
Servicer does not exercise such option, then the Master Servicer, and if the Master Servicer does not exercise such option,
then the Holder of a majority Percentage Interest in the Class R and Class LR Certificates, may effect an early termination
of the Trust Fund (provided that such party has provided 15 Business Days’ prior notice to each of the parties with
such option and none of the parties with a higher priority has elected to exercise such option within such 15 Business Day period),
upon not less than 30 days’ prior Notice of Termination (which Notice of Termination shall satisfy the notice requirement
of the proviso) given to the Trustee, the Certificate Administrator, the Special Servicer and the Master Servicer any time on
or after the Early Termination Notice Date specifying the Anticipated Final Termination Date, by purchasing on such date all,
but not less than all, of the Trust Loan then included in the Trust Fund, and the Trust’s interest in all property acquired
in respect of the Trust Loan, at a purchase price, payable in cash, equal to the greater of,

 

(i)           
the sum of, without duplication

 

(A)       100% the outstanding principal balance of the Trust Loan as of the last day of the month preceding such Anticipated Final Termination
Date (less any P&I Advances previously made on account of principal);

 

(B)        the fair market value of all other property included in the Trust Fund as of the last day of the month preceding such Anticipated
Final Termination Date, as determined by an Independent appraiser acceptable to the Master Servicer as of

 

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a date not more than
30 days prior to the last day of the month preceding such Distribution Date;

 

(C)        all unpaid interest accrued on the outstanding principal balance of the Trust Loan (including circumstances where title to the
Mortgaged Property has been acquired) at the Trust Loan Rate to the last day of the Whole Loan Interest Accrual Period preceding
such Anticipated Final Termination Date (less any P&I Advances previously made on account of interest);

 

(D)        the aggregate amount of unreimbursed Advances, with interest thereon at the Advance Rate, unpaid Servicing Compensation, Special
Servicing Compensation, Trustee/Certificate Administrator Fees, the CREFC® License Fee and Trust Fund expenses
and indemnity amounts owed by the Trust; and

 

(ii)          
the aggregate fair market value of the Trust Loan, and all other property acquired in respect of the Trust Loan in the Trust Fund,
on the last day of the month preceding such Distribution Date, as determined by an Independent appraiser acceptable to the Master
Servicer as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date, together with
one month’s interest thereon at the Trust Loan Rate.

 

In
the event that the Directing Holder, the Special Servicer, the Master Servicer or the Holder of a majority Percentage Interest
in the Class R or Class LR Certificates purchases the Trust Loan and all property acquired in respect of the Trust Loan remaining
in the Trust Fund in accordance with this Section 9.01(c), the Directing Holder, the Special Servicer, the Master
Servicer or the Holder of a majority Percentage Interest in the Class R and Class LR Certificates, as applicable, shall deposit
in the Lower-Tier Distribution Account not later than the Servicer Remittance Date relating to the Anticipated Final Termination
Date on which the final distribution on the Certificates is to occur, an amount in immediately available funds equal to the above-described
purchase price (exclusive of any portion thereof payable to any Person other than the Certificateholders pursuant to Section 3.05(a) of this Agreement, which portion shall be deposited in the Collection Account). In addition, the Master Servicer shall transfer
to the Certificate Administrator for deposit in the Lower-Tier Distribution Account all amounts required to be transferred thereto
on the Servicer Remittance Date from the Collection Account, together with any other amounts on deposit in the Collection Account
that would otherwise be held for future distribution. The Certificate Administrator shall deposit all amounts deposited into the
Lower-Tier Distribution Account into the Upper-Tier Distribution Account for distribution in accordance with Section 4.01(a) and (b) of this Agreement. Upon confirmation that such final deposits have been made and upon direction from the Master
Servicer, the Custodian shall, release or cause to be released to the Directing Holder, the Special Servicer, the Master Servicer
or the Holder of a majority Percentage Interest in the Class R or Class LR Certificates, as applicable, the Mortgage File for
the Trust Loan and shall execute all assignments, endorsements and other instruments furnished to it by such purchasing party
as shall be necessary to effectuate transfer of the Trust Loan and all property acquired in respect of the Trust Loan remaining
in the Trust Fund, and the Trust Fund shall be liquidated in accordance with this Article IX.

 

As
a condition to the purchase of the assets of the Trust Fund pursuant to this Section 9.01(c), the purchaser shall
deliver to the Trustee and the Certificate Administrator an

 

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Opinion of Counsel, which shall be at the expense of such purchaser,
stating that such termination will be a “qualified liquidation” under Section 860F(a)(4)(A) of the Code. All
costs and expenses incurred by any and all parties to this Agreement or by the Trust Fund in connection with the purchase of the
Trust Loan and other assets of the Trust Fund pursuant to this Section 9.01(c) shall be borne by the party exercising
its purchase rights hereunder. The Trustee and the Certificate Administrator shall be entitled to rely conclusively on any determination
made by an Independent appraiser pursuant to this subsection (c).

 

Any
such party effecting an early termination as described in this Section 9.01(c) may be an affiliate of a Trust Loan
Seller.

 

(d)           If the Trust Fund has not been previously terminated pursuant to subsection (c) of this Section 9.01,
the Certificate Administrator shall determine as soon as practicable the Distribution Date on which the Certificate Administrator
reasonably anticipates, based on information with respect to the Trust Loan previously provided to it, that the final distribution
will be made (i) to the Holders of outstanding Principal Balance Certificates, notwithstanding that such distribution may
be insufficient to distribute in full the Certificate Balance of each Class of Certificates, together with amounts required to
be distributed on such Distribution Date pursuant to Section 4.01(b) of this Agreement and (ii) if no such Classes
of Principal Balance Certificates are then outstanding, the final distribution shall be made (i) to the Holders of the Class LR
Certificates of any amount remaining in the Collection Account or the Lower-Tier Distribution Account, and (ii) to the Holders
of the Class R Certificates of any amount remaining in the Upper-Tier Distribution Account.

 

(e)          
Notice of any termination of the Trust Fund pursuant to this Section 9.01 shall be mailed by the Certificate Administrator
to affected Certificateholders with a copy to the Trustee, the Master Servicer, the Special Servicer, the Trust Loan Sellers,
the Companion Loan Holders and the 17g-5 Information Provider (which shall promptly post such notice to the 17g-5 Information
Provider’s Website pursuant to Section 3.14(d) of this Agreement) at their addresses shown in the Certificate
Registrar not more than 30 days, and not less than ten (10) days, prior to the Anticipated Final Termination Date. The notice
mailed by the Certificate Administrator to affected Certificateholders shall:

 

(i)           
specify the Anticipated Final Termination Date on which the final distribution is anticipated to be made to Holders of Certificates
of the Classes specified therein;

 

(ii)          
specify the amount of any such final distribution, if known; and

 

(iii)         
state that the final distribution to Certificateholders will be made only upon presentation and surrender of Certificates at the
office of the Paying Agent therein specified.

 

If
the Trust Fund is not terminated on any Anticipated Final Termination Date for any reason, the Certificate Administrator shall
promptly mail notice thereof to each affected Certificateholder.

 

(f)           
Any funds not distributed on the Termination Date because of the failure of any Certificateholders to tender their Certificates,
as applicable, shall be set aside and held in trust

 

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for the account of the appropriate non-tendering Certificateholders, whereupon
the Trust Fund shall terminate. If any Certificates as to which notice of the Termination Date has been given pursuant to this
Section 9.01 shall not have been surrendered for cancellation within six (6) months after the time specified in such
notice, the Certificate Administrator shall mail a second notice to the remaining Certificateholders, at their last addresses
shown in the Certificate Register, to surrender their Certificates for cancellation in order to receive, from such funds held,
the final distribution with respect thereto. If within one (1) year after the second notice any Certificate shall not have been
surrendered for cancellation, the Certificate Administrator may, directly or through an agent, take appropriate steps to contact
the remaining Certificateholders concerning surrender of their Certificates. The costs and expenses of maintaining such funds
and of contacting Certificateholders shall be paid out of the assets which remain held. If within two (2) years after the second
notice any Certificates shall not have been surrendered for cancellation, the Paying Agent shall pay to the Certificate Administrator
all amounts distributable to the Holders thereof, and the Certificate Administrator shall thereafter hold such amounts for the
benefit of such Holders until the earlier of (i) its termination as Certificate Administrator hereunder and the transfer
of such amounts to a successor certificate administrator and (ii) the termination of the Trust Fund and distribution of such
amounts, subject to applicable law, to the Residual Certificateholders. No interest shall accrue or be payable to any Certificateholder
on any amount held as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof
in accordance with this Section 9.01.

 

(g)           The Sole Owner shall have the right to exchange all of its Certificates for the Trust Loan or REO Property, as applicable, as
contemplated by clause (ii) of Section 9.01(a) by giving written notice to all the parties hereto no later
than 60 days prior to the anticipated date of exchange; provided that such Sole Owner compensates the Certificate Administrator
for the amount of investment income the Certificate Administrator would have earned if the outstanding Certificate Balance of
the then outstanding Principal Balance Certificates were on deposit with the Certificate Administrator as of the first day of
the current calendar month and such Sole Owner pays to the Master Servicer as additional compensation an amount equal to (i) the
product of (A) the Prime Rate, (B) the aggregate Certificate Balance of the then-outstanding Principal Balance Certificates
and the VRR Interest as of the day of the exchange and (C) three, divided by (ii) 360. In the event that the Sole Owner
elects to exchange all of its Certificates for the Trust Loan or REO Property, as applicable, remaining in the Trust Fund in accordance
with the preceding sentence, such Sole Owner, not later than the Business Day prior to the Distribution Date on which the final
distribution on the Certificates is to occur, shall deposit in the Collection Account an amount in immediately available funds
equal to all amounts due and owing to the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator
and the Trustee hereunder through the date of the liquidation of the Trust Fund that may be withdrawn from the Collection Account,
or an escrow account acceptable to the respective parties hereto, pursuant to Section 3.06 of this Agreement or that
may be withdrawn from the Distribution Accounts pursuant to Section 3.06(f) and Section 3.06(g) of this
Agreement, but only to the extent that such amounts are not already on deposit in the Collection Account. In addition, the Master
Servicer shall transfer all amounts required to be transferred to the Certificate Administrator for deposit in the Lower-Tier
Distribution Account on or Servicer Remittance Date from the Collection Account pursuant to Section 3.05 of this Agreement.
Upon confirmation from the Certificate Administrator that such final deposits have been made and following the surrender of all
its Certificates (other than the Class R and Class LR Certificates) on the final Distribution Date to the Certificate
Administrator,

 

    -278-

     

    

 

the Custodian shall, upon receipt of a Request for Release from the Master Servicer, release or cause to be released
to the Sole Owner or any designee thereof, the Mortgage File for the Trust Loan or shall execute all assignments, endorsements
and other instruments furnished to it by the Sole Owner as shall be necessary to effectuate transfer of the Trust Loan or REO
Property, as applicable remaining in the Trust Fund, and the Trust Fund shall be liquidated in accordance with this Article IX.
The Trust Loan or REO Property, as applicable, is deemed distributed to the Sole Owner in liquidation of the Trust Fund pursuant
to this Article IX. Solely for federal income tax purposes, the Sole Owner shall be deemed to have purchased the assets of
the Lower-Tier REMIC for an amount equal to (a) if the Trust Loan is a Performing Loan, the remaining Certificate Balance
of its Certificates (other than the Class R and Class LR Certificates), plus accrued, unpaid interest with respect thereto,
or (b) if the Trust Loan is a Specially Serviced Loan or has been converted to REO Property, the fair market value thereof,
and the Certificate Administrator shall credit such amounts against amounts distributable in respect of the Lower-Tier Regular
Interests and such Certificates.

 

ARTICLE
X

MISCELLANEOUS PROVISIONS

 

Section 10.01
Counterparts. 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. 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 10.02
Limitation on Rights of Certificateholders. The death or incapacity of any Certificateholder shall not operate to terminate
this Agreement or the Trust Fund, or entitle such Certificateholder’s legal representatives or heirs to claim an accounting
or to take any action or proceeding in any court for a partition or winding up of the Trust Fund, or otherwise affect the rights,
obligations and liabilities of the parties hereto or any of them.

 

No
Certificateholder shall have any right to vote (except as expressly provided for herein) or in any manner otherwise control the
operation and management of the Trust Fund, or the obligations of the parties hereto, and nothing herein set forth, or contained
in the terms of the Certificates, shall be construed so as to constitute the Certificateholders from time to time as partners
or members of an association; and neither any Certificateholder shall be under any liability to any third person by reason of
any action taken by the parties to this Agreement pursuant to any provision hereof.

 

No
Certificateholder or Companion Loan Holder, as applicable, shall have any right to institute any suit, action or proceeding in
equity or at law upon or under or with respect to this Agreement, the Trust Loan, the Certificates, unless such Certificateholder
or Companion Loan Holder, as applicable, previously shall have given to the Trustee a written notice of default and of the continuance
thereof, as hereinbefore provided, and unless also the Companion Loan Holders or Certificateholders representing Percentage Interests
of at least 25% of each affected Class of Certificates, as applicable, have made written request upon the Trustee to institute
such action, suit

 

    -279-

     

    

 

or proceeding in its own name as Trustee hereunder and has or have offered to the Trustee such security or indemnity
reasonably satisfactory to it as it may require against the costs, expenses and liabilities to be incurred therein or thereby,
and the Trustee, for 60 days after its receipt of such notice, request and offer of security or indemnity, shall have failed or
refused to institute any such action, suit or proceeding. It is understood and intended, and expressly covenanted by each Certificateholder
and with every other Certificateholder, and the Trustee, that no Certificateholder of any Class shall have any right in any manner
whatever by virtue of any provision of this Agreement to affect, disturb or prejudice the rights of the Holders of any other of
such Certificates, or to obtain or seek to obtain priority over or preference to any other such Certificateholder, or to enforce
any right under this Agreement, the Certificates, except in the manner herein or therein provided and for the equal, ratable and
common benefit of all Holders of Certificates of such Class, as applicable. For the protection and enforcement of the provisions
of this Section, each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law
or in equity.

 

Section 10.03
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 10.04
Waiver of Jury Trial; Consent to Jurisdiction. TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW, EACH PARTY HERETO
WAIVES ITS RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS
AGREEMENT, ANY ASSIGNMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT
BY ANY PARTY AGAINST THE OTHER PARTIES, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS, OR OTHERWISE. EACH PARTY HERETO
AGREES THAT ANY SUCH CLAIM OR CAUSE OF ACTION SHALL BE TRIED BY A COURT TRIAL WITHOUT A JURY. WITHOUT LIMITING THE FOREGOING,
THE PARTIES FURTHER AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION AS TO ANY ACTION,
COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF THIS AGREEMENT,
ANY ASSIGNMENT OR ANY PROVISION HEREOF OR THEREOF. THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS
OR MODIFICATIONS TO THIS AGREEMENT OR ANY ASSIGNMENT.

 

TO
THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW, EACH PARTY HERETO HEREBY IRREVOCABLY (I) SUBMITS TO THE

 

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 JURISDICTION OF
ANY NEW YORK STATE AND FEDERAL COURTS SITTING IN NEW YORK CITY WITH RESPECT TO MATTERS ARISING OUT OF OR RELATING TO THIS AGREEMENT;
(II) AGREES THAT ALL CLAIMS WITH RESPECT TO SUCH MATTERS MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR FEDERAL COURTS;
(III) WAIVES THE DEFENSE OF AN INCONVENIENT FORUM IN ANY ACTION OR PROCEEDING INVOLVING SUCH CLAIMS IN ANY SUCH COURT; AND
(IV) AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT SHALL BE CONCLUSIVE AND MAY BE ENFORCED
IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.

 

Section 10.05
Notices. Unless otherwise specified in this Agreement, all demands, notices and communications hereunder shall be in writing,
shall be deemed to have been given upon receipt (except that notices to Holders of Class R and Class LR Certificates
or Holders of any Class of Certificates no longer held through a Depository and instead held in registered, definitive form shall
be deemed to have been given upon being sent by first-class mail, postage prepaid or by overnight courier) as follows:

 

If
to the Trustee, to:

Wilmington Trust, National Association

1100 North Market Street

Wilmington, Delaware 19890

Attention: CMBS Trustee – CPTS 2019-CPT

with a copy to:

E-mail: cmbstrustee@wilmingtontrust.com

 

If
to the Certificate Administrator, to:

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – CPTS 2019-CPT

with a copy to:

Facsimile number: (410) 715-2380

E-mail: cts.cmbs.bond.admin@wellsfargo.com and

trustadministrationgroup@wellsfargo.com

 

    -281-

     

    

 

If
to the Custodian, to:

Wells Fargo Bank, N.A.

1055 10th Avenue SE

Minneapolis, Minnesota 55414

Attention: Document Custody Group CPTS 2019-CPT

E-mail: cmbscustody@wellsfargo.com

 

or
in the case of surrender, transfer or exchange of any Certificate (other than the Class VRR Certificates after the expiration
of the Transfer Restriction Period) to:

Wells Fargo Bank, National Association

Certificate Registrar

600 South 4th Street, 7th Floor MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CTS - Certificate Transfer Services, CPTS 2019-CPT

 

In
the case of surrender, transfer or exchange of any Class VRR Certificate (other than during the Transfer Restriction Period) to:

 

Wells
Fargo Bank, National Association 

9062
Old Annapolis Road 

Columbia,
Maryland 21045 

Attention:
Risk Retention Custody (CTS) – CPTS 2019-CPT

 

If
to the Depositor, to:

Deutsche Mortgage & Asset Receiving Corporation

60 Wall Street

New York, New York 10005

Attention: Lainie Kaye

with a copy via e-mail to:

E-mail: cmbs.requests@db.com

 

If
to the Master Servicer, to:

Wells Fargo Bank, National Association

Commercial Mortgage Servicing

Three Wells Fargo

401 South Tryon Street, 8th Floor

MAC D1050-084

Charlotte, North Carolina 28202

Attention: CPTS 2019-CPT Asset Manager

Facsimile number: (704) 715-0036

 

    -282-

     

    

 

With
a copy by email to: commercial.servicing@wellsfargo.com

and with respect to any notice relating to Rating Agency requests:

RAInvRequests@wellsfargo.com

and with respect to any notice relating to investor requests:

REAM_InvestorRelations@wellsfargo.com

 

with
a copy to:

Wells Fargo Bank, National Association

Legal Department

301 South College Street

Charlotte, North Carolina 28202-0166

Attention: Commercial Mortgage Servicing Legal Support

Facsimile number: (704) 383-0353

Reference: CPTS 2019-CPT

 

with
a copy to:

K&L Gates LLP

Hearst Tower, 47th Floor

214 North Tryon Street

Charlotte, North Carolina 28202

Attention: Stacy G. Ackermann

Reference: CPTS 2019-CPT

Fax Number: (704) 353-3190

Email: stacy.ackermann@klgates.com

 

If
to the Special Servicer, to:

CWCapital Asset Management LLC

7501 Wisconsin Avenue, Suite 500 West

Bethesda, Maryland 20814

Attention: Legal Department (CPTS 2019-CPT)

 

with
a copy to:

 

Email:
CWCAMnoticesCPTS2019-CPT@cwcapital.com

 

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If
to German American Capital Corporation, as a Trust Loan Seller, to:

German American Capital Corporation

60 Wall Street

New York, New York 10005

Attention: Lainie Kaye

with a copy via e-mail to:

E-mail: cmbs.requests@db.com

 

If
to Deutsche Bank AG, New York Branch, as the VRR1 Risk Retention Consultation Party, to:

Deutsche Bank AG, New York Branch

60 Wall Street

New York, New York 10005

Attention: Lainie Kaye

with a copy via e-mail to:

E-mail: cmbs.requests@db.com

 

If
to Wells Fargo Bank, National Association, as a Trust Loan Seller and as the VRR2 Risk Retention Consultation Party, to:

Wells Fargo Bank, National Association

301 South College St.

Charlotte, North Carolina 28202

Attention: CPTS 2019-CPT

with copies to:

Wells Fargo Legal Department

MAC: D1086-341

550 S Tryon Street, 34th Floor

Charlotte, North Carolina, 28202-4200

Attention: Troy B. Stoddard, Esq., Senior Counsel

and

Wells Fargo Bank, National Association

10 South Wacker Drive, 32nd Floor

Chicago, Illinois 60606

Attention: Jacqueline Gelman

Email: jacqueline.m.gelman@wellsfargo.com

 

    -284-

     

    

 

If
to Morgan Stanley Mortgage Capital Holdings LLC, as a Trust Loan Seller and as the VRR3 Risk Retention Consultation Party, to:

Morgan Stanley Mortgage Capital Holdings LLC

1585 Broadway

New York, New York 10036

Attention Jane Lam

 

with
a copy to:

Morgan Stanley Mortgage Capital Holdings LLC

1633 Broadway, 29th Floor

New York, New York 10019

Attention: Legal Compliance Division

 

and
a copy by email to:

 

cmbs_notices@morganstanley.com

 

If
to Deutsche Bank Securities Inc., as an Initial Purchaser, to:

Deutsche Bank Securities Inc.

Commercial Mortgage-Backed Securities

60 Wall Street

New York, New York 10005

Attention: Lainie Kaye

 

If
to Wells Fargo Securities, LLC, as an Initial Purchaser, to:

Wells Fargo Securities, LLC

375 Park Avenue, 2nd Floor, J0127-023

New York, New York 10152

Attention: A.J. Sfarra

with a copy to:

Wells Fargo Law Department

D1053-300, 301 South College St.

Charlotte, North Carolina 28202

Attention: Troy B. Stoddard, Esq.

 

If
to Morgan Stanley & Co. LLC, as an Initial Purchaser, to:

Morgan Stanley & Co. LLC

1585 Broadway

New York, New York 10036

Attention: Jane Lam

 

    -285-

     

    

 

with
a copy to:

Morgan Stanley Mortgage Capital Holdings LLC

1633 Broadway, 29th Floor

New York, New York 10019

Attention: Legal Compliance Division

 

and
a copy by email to:

 

cmbs_notices@morganstanley.com

 

If
to any Certificateholder, to:

the address set forth in the Certificate Register

 

If
to the initial Directing Holder, to:

Blackstone Real Estate Special Situations Advisors L.L.C.

c/o BREIT Debt Investments LLC

345 Park Avenue, New York, New York 10154

Attention: BREDS Liquids

Email: cmbsnotices@blackstone.com

 

If
to the 17g-5 Information Provider, electronically to:

17g5informationprovider@wellsfargo.com

(in an electronic format readable and uploadable (that is not locked or corrupted) on the 17g-5 Information Provider’s system,
specifically with a subject reference of “CPTS 2019-CPT” and an identification of the type of information being provided
in the body of such electronic mail)

 

or,
in the case of the parties to this Agreement, to such other address as such party shall specify by written notice to the other
parties hereto.

 

Section 10.06
Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall
be for any reason whatsoever held invalid, then, to the extent permitted by applicable law, such covenants, agreements, provisions
or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in
no way affect the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of
the Holders thereof.

 

Section 10.07   
Notice to the Depositor and Each Rating Agency. (a)  The Certificate Administrator shall promptly provide notice
to the Depositor, the Initial Purchasers, the Trustee, and the 17g-5 Information Provider (which shall promptly post such notice
to the 17g-5 Information Provider’s Website), with respect to each of the following of which a Responsible Officer of the
Certificate Administrator has actual knowledge and to the extent the below information has not already been provided to the Depositor,
the Initial Purchasers, the Trustee, and the 17g-5 Information Provider pursuant to the terms of this Agreement:

 

    -286-

     

    

 

(i)           
any material change or amendment to this Agreement;

 

(ii)          
the occurrence of any Servicer Termination Event that has not been cured;

 

(iii)         
the merger, consolidation, resignation or termination of the Certificate Administrator, the Master Servicer, the Special Servicer
or the Trustee; and

 

(iv)         
the repurchase of Trust Loan pursuant to Section 2.03(e) of this Agreement.

 

(b)           The Certificate Administrator shall promptly furnish to the Depositor, the Initial Purchasers, and the 17g-5 Information Provider
(which shall promptly post such materials to the 17g-5 Information Provider’s Website):

 

(i)           
notice of the final payment to any Class of Certificateholders;

 

(ii)          
notice of any change in the location of the Distribution Accounts; and

 

(iii)         
each report to Certificateholders described in Section 4.02 and Section 3.13 of this Agreement.

 

(c)          
The Master Servicer shall promptly furnish to the 17g-5 Information Provider (which shall promptly post such materials to the
17g-5 Information Provider’s Website):

 

(i)           
Upon request from the Rating Agencies, a copy of each rent roll and each operating and other financial statement and occupancy
reports, to the extent such information is required to be delivered under the Trust Loan, in each case to the extent collected
pursuant to Section 3.03 of this Agreement;

 

(ii)          
notice of any change in the location of the Collection Account,

 

(iii)         
a copy of any notice with respect to a breach of a representation or warranty with respect to the Trust Loan;

 

(iv)          any event that would result in the voluntary or involuntary termination of any insurance of the accounts of the Master Servicer;

 

(v)          
any change in the lien priority of the Trust Loan;

 

(vi)         
any material damage to the Mortgaged Property;

 

(vii)         notice of a Conversion (as defined in the Loan Agreement) pursuant to Section 4.12.2(c) of the Loan Agreement; and

 

(viii)        any amendment, modification, consent or waiver to or of any provision of the Trust Loan (including any modification to the related
Loan Documents that remove a requirement for a No Downgrade Confirmation).

 

(d)           Any party required to deliver any notice or information pursuant to the terms of this Agreement to the Rating Agencies shall deliver
such written notice of the events or

 

    -287-

     

    

 

information specified in Section 3.14(d) to the Rating Agencies at the address
listed below, promptly following the occurrence thereof. The Master Servicer or Special Servicer, as applicable, and the Certificate
Administrator and Trustee also shall furnish such other information regarding the Trust Fund as may be reasonably requested by
the Rating Agencies to the extent such party has or can obtain such information without unreasonable effort or expense; provided,
however, that such other information is first provided to the 17g-5 Information Provider in accordance with the procedures
set forth in Section 3.14(d). Notwithstanding the foregoing, the failure to deliver such notices or copies shall not
constitute a Servicer Termination Event, as the case may be, under this Agreement. Any confirmation of the rating by the Rating
Agencies required hereunder shall be in writing.

 

Notices
to each Rating Agency shall be addressed as follows:

S&P Global Ratings, acting through

Standard & Poor’s Financial Services LLC

55 Water Street, 41st Floor

New York, New York 10041

Attention: Commercial Mortgage Surveillance Manager

Email: CMBS_Info_17g5@spglobal.com

 

Kroll
Bond Rating Agency, Inc.

805 Third Avenue, 29th Floor,

New York, New York 10022

Attention: CMBS Surveillance

Facsimile Number: (646) 731-2395

Email: cmbssurveillance@krollbondratings.com

 

or
in each case to such other address as a Rating Agency shall specify by written notice to the parties hereto.

 

(e)          
In connection with the delivery by the Master Servicer or the Special Servicer to the Rule 17g-5 Information Provider of any information,
report, notice or document for posting to the Rule 17g-5 Information Provider’s Website, the 17g-5 Information Provider
shall notify the Master Servicer or Special Servicer, as applicable, of when such information, report, notice or document has
been posted to the 17g-5 Information Provider’s Website. The Master Servicer or Special Servicer, as applicable, may, but
is not obligated to, send such information, report, notice or other document to the applicable Rating Agency so long as such information,
report, notice or document was (i) previously provided to the 17g-5 Information Provider or (ii) is simultaneously provided
to the 17g-5 Information Provider.

 

Section 10.08
Amendment. This Agreement or any Custodial Agreement may be amended at any time by the Depositor, the Master Servicer,
the Special Servicer, the Certificate Administrator and the Trustee without the consent of any of the Certificateholders or the
Companion Loan Holders, (i) to cure any ambiguity or to correct any error; (ii) to cause the provisions herein to conform
or be consistent with or in furtherance of the statements made in the Offering Circular with respect to the Certificates, the
Trust or this Agreement or to correct or supplement any provisions herein or therein which may be defective or inconsistent with
any other provisions herein or therein; (iii) to amend any provision hereof to the extent necessary or desirable

 

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to maintain
the rating or ratings assigned to each of the Classes of Certificates or the Companion Loan Securities by each Rating Agency (provided that such amendment does not adversely affect in any material respect (x) the rights or interests of any Certificateholder
or any Companion Loan Holder not consenting thereto or (y) the rights or interests of the Directing Holder without the consent
of the Holders of Certificates representing 100% of the Controlling Class); (iv) to amend or supplement a provision, or to
supplement any other provisions to the extent not inconsistent with the provisions of this Agreement, or any other change that
will not adversely affect in any material respect the interests of any Certificateholder or any Companion Loan Holder not consenting
thereto (as evidenced in writing by an Opinion of Counsel or, if solely affecting any Certificateholder of a rated Class or a
Companion Loan Holder of rated Companion Loan Securities, in respect of which a No Downgrade Confirmation has been obtained relating
to the Certificates or the Companion Loan Securities, if applicable); (v) to modify, eliminate or add to any of its provisions
in the event the Credit Risk Retention Rule or any other regulations applicable to the risk retention requirements for this securitization
transaction is amended or repealed in whole or in part, to the extent required to comply with any such amendment or, to the extent
applicable, to modify or eliminate the affected provision(s) related to the risk retention requirements in the event of such repeal;
and (vi) to modify the procedures herein relating to compliance with Rule 17g-5 of the Exchange Act; provided that
such modification would not (a) materially increase the obligations or decrease the rights of the Depositor, the Trustee,
the Paying Agent, the Certificate Administrator, the 17g-5 Information Provider, the Master Servicer or the Special Servicer without
such parties’ consent; (b) reduce the consent or consultation rights or the right to receive information under this
Agreement of the Directing Holder without the consent of the Directing Holder or (c) adversely affect in any material respect
the interests of any Certificateholders or any Companion Loan Holder not consenting thereto, as evidenced by in the case of clauses
(iii), (iv) and (vi) above by (x) an Opinion of Counsel or (y) solely in the case of a Certificateholder
of a rated Class, receipt of a No Downgrade Confirmation from each Rating Agency and a No Downgrade Confirmation with respect
to any Companion Loan Securities; and provided, further, that the Certificate Administrator shall give notice of
any such amendment to the 17g-5 Information Provider (which shall promptly post such notice to the 17g-5 Information Provider’s
Website pursuant to Section 3.14(c) of this Agreement). In no event shall any such amendment cause the Lower-Tier
REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or subject either REMIC to tax.

 

This
Agreement or any Custodial Agreement may also be amended from time to time by the Depositor, the Master Servicer, the Special
Servicer, the Certificate Administrator and the Trustee with the prior written consent of the Holders of Certificates representing
not less than 66-2⁄3% of the Percentage Interests of each Class of Certificates affected thereby (without regard to Certificates
held by the Depositor, any of the Depositor’s Affiliates and/or agents or the Trust Loan Sellers) and the Companion Loan
Holders affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions
of this Agreement or modifying in any manner the rights of the Certificateholders; provided, however, that no such
amendment may:

 

(i)          
reduce in any manner the amount of, or delay the timing of, payments received on the Whole Loan which are required to be distributed
on any Certificate, without the consent of the Holders of Certificates representing all of the Percentage Interests of the

 

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Class
or Classes affected thereby or which are required to be distributed to any Companion Loan Holders without the consent of such
Companion Loan Holder;

 

(ii)          
alter the Servicing Standard or obligations of the Master Servicer or the Trustee to make a P&I Advance, Administrative Advance
or a Property Advance, without the consent of the Holders of the Certificates representing all of the Percentage Interests of
the Class or Classes affected thereby and the consent of any affected Companion Loan Holder;

 

(iii)         
change the percentages of Voting Rights or Percentage Interests of Holders of Certificates which are required to consent to any
action or inaction under this Agreement without the consent of the Holders of Certificates representing all of the Percentage
Interests of the Class or Classes affected thereby and the consent of any affected Companion Loan Holder; or

 

(iv)         
amend any section hereof which relates to the amendment of this Agreement without the consent of the Holders of all Certificates
representing all of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected Companion
Loan Holder.

 

Further,
the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee, at any time and from
time to time, without the consent of the Certificateholders or the Companion Loan Holders, may amend this Agreement to modify,
eliminate or add to any of its provisions to such extent as shall be necessary: (i) to maintain the qualification of the
Lower-Tier REMIC or the Upper-Tier REMIC as a REMIC, or to prevent the imposition of any additional material state or local taxes,
at all times that any Certificates are outstanding; provided that such action, as evidenced by an Opinion of Counsel (obtained
at the expense of the Trust Fund), is necessary or helpful to maintain such qualification or to prevent the imposition of any
such taxes, and would not adversely affect in any material respect the interest of any Certificateholder or the Companion Loan
Holders or (ii) to comply with the Investment Company Act of 1940, as amended, and/or any related regulatory actions and/or
interpretations.

 

In
the event that neither the Depositor nor any successor thereto, if any, is in existence, any amendment under this Section 10.08 shall be effective with the consent of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer,
in writing, and to the extent required by this Section 10.08, the Certificateholders and the Companion Loan Holders.
Promptly after the execution of any amendment, the requesting party shall forward to the Trustee, the Certificate Administrator,
the Master Servicer and the Special Servicer, and the Certificate Administrator shall furnish a copy of such amendment to each
Certificateholder, the 17g-5 Information Provider (which shall promptly post such notice to the 17g-5 Information Provider’s
Website pursuant to Section 3.14(d) of this Agreement).

 

It
shall not be necessary for the consent of Certificateholders under this Section 10.08 to approve the particular form
of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof. The method of obtaining
such consents and of evidencing the authorization of the execution thereof by Certificateholders and the Companion Loan Holders
shall be subject to such reasonable regulations as the Trustee may prescribe; provided, however, that such method
shall always be by affirmation and in writing.

 

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Notwithstanding
any contrary provision of this Agreement, no amendment shall be made to this Agreement or any Custodial Agreement unless the Trustee
and the Certificate Administrator have received an Opinion of Counsel, at the expense of the party requesting such amendment (or,
if such amendment is required by any Rating Agency to maintain the rating issued by it or requested by the Trustee for any purpose
described in clause (i), (ii) or (iii) of first sentence of this Section, then at the expense of the Trust
Fund) confirming that such amendment is authorized or permitted by this Agreement and that all conditions precedent with respect
thereto have been satisfied, respectively, hereunder and such amendment will not cause the Lower-Tier REMIC or the Upper-Tier
REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding, or cause a tax to be imposed on the Trust
Fund or either Trust REMIC.

 

Prior
to the execution of any amendment to this Agreement or any Custodial Agreement, the Trustee, the Certificate Administrator, the
Special Servicer and the Master Servicer may request and shall be entitled to rely conclusively upon an Opinion of Counsel and
an Officer’s Certificate, at the expense of the party requesting such amendment (or, if such amendment is required by any
Rating Agency to maintain the rating issued by it or requested by the Trustee for any purpose described in clause (i),
(ii) or (iii) of the first sentence of this Section 10.08 (which do not modify or otherwise relate solely
to the obligations, duties or rights of the Trustee or the Certificate Administrator), then at the expense of the Trust Fund)
stating that the execution of such amendment is authorized or permitted by this Agreement and that all conditions precedent with
respect thereto have been satisfied. The Trustee or the Certificate Administrator may, but shall not be obligated to, enter into
any such amendment which affects the Trustee’s or the Certificate Administrator’s own rights, duties or immunities
under this Agreement.

 

Notwithstanding
any contrary provision contained in this Agreement, no amendment shall be made to this Agreement (i) that adversely affects
the rights, including (without limitation) as a third-party beneficiary hereunder, and/or obligations of the Trust Loan Sellers
or the Initial Purchasers without the consent of the Trust Loan Sellers or the Initial Purchasers, as applicable or (ii) that
adversely affects the rights, including (without limitation) as a third-party beneficiary hereunder, and/or obligations of any
Companion Loan Holder without the consent of such Companion Loan Holder.

 

Promptly
after the execution of any amendment to this Agreement, the Certificate Administrator shall post a copy of the same to the Certificate
Administrator’s Website, deliver a copy of the same to the 17g-5 Information Provider which shall post a copy of the same
on the 17g-5 Information Provider’s Website pursuant to Section 3.14(d) of this Agreement, and thereafter, the
Certificate Administrator shall furnish a copy of such amendment to each Certificateholder, each Companion Loan Holder, the Depositor,
the Master Servicer, the Special Servicer, and the Initial Purchasers.

 

Section 10.09
Confirmation of Intent. It is the express intent of the parties hereto that the conveyance of the Trust Fund (including
the Trust Loan) by the Depositor to the Trustee on behalf of Certificateholders as contemplated by this Agreement and the sale
by the Depositor of the Certificates be, and be treated for all purposes as, a sale by the Depositor of the undivided portion
of the beneficial interest in the Trust Fund represented by the Certificates. It is, further, not the intention of the parties
that such conveyance be deemed a pledge of the Trust Fund by the Depositor to the Trustee to secure a debt or other obligation
of the Depositor. However, in the event that, notwithstanding the intent of the parties, the Trust Fund is held to continue to
be

 

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property of the Depositor then (a) this Agreement shall also be deemed to be a security agreement under applicable law;
(b) the transfer of the Trust Fund provided for herein shall be deemed to be a grant by the Depositor to the Trustee on behalf
of Certificateholders of a first priority security interest in all of the Depositor’s right, title and interest in and to
the Trust Fund and all amounts payable to the holders of the Trust Loan in accordance with the terms thereof and all proceeds
of the conversion, voluntary or involuntary, of the foregoing into cash, instruments, securities or other property, including,
without limitation, all amounts from time to time held or invested in the Collection Account, the Distribution Accounts, the Interest
Reserve Account and any REO Account whether in the form of cash, instruments, securities or other property; (c) the possession
by the Trustee (or the Custodian on its behalf) of Notes and such other items of property as constitute instruments, money, negotiable
documents or chattel paper shall be deemed to be “possession by the secured party” for purposes of perfecting the
security interest pursuant to Section 9-313 of the New York Uniform Commercial Code; and (d) notifications to Persons
holding such property, and acknowledgments, receipts or confirmations from Persons holding such property, shall be deemed notifications
to, or acknowledgments, receipts or confirmations from, financial intermediaries, bailees or agents (as applicable) of the Trustee
for the purpose of perfecting such security interest under applicable law. Any assignment of the interest of the Trustee pursuant
to any provision hereof shall also be deemed to be an assignment of any security interest created hereby. The Depositor shall,
and upon the request and direction of the Master Servicer, the Trustee shall, to the extent consistent with this Agreement (and
at the expense of the Trust Fund), take such actions as may be necessary to ensure that, if this Agreement were deemed to create
a security interest in the Trust Loan, such security interest would be deemed to be a perfected security interest of first priority
under applicable law and will be maintained as such throughout the term of this Agreement. It is the intent of the parties that
such a security interest would be effective whether any of the Certificates are sold, pledged or assigned.

 

Section 10.10
No Intended Third-Party Beneficiaries. Except as specified in Section 10.12 of this Agreement, no Person other
than a party to this Agreement, the Trust Loan Sellers, the Initial Purchasers or any Certificateholder shall have any rights
with respect to the enforcement of any of the rights or obligations hereunder. Without limiting the foregoing, the parties to
this Agreement specifically state that no Borrower, Manager or other party to the Trust Loan is an intended third-party beneficiary
of this Agreement.

 

Section 10.11
Entire Agreement. This Agreement, together with the Co-Lender Agreement, contains the entire agreement and understanding
between the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements,
understanding, inducements and conditions, express or implied, oral or written, of any nature whatsoever with respect to the subject
matter hereof. The express terms hereof control and supersedes any course of performance or usage of the trade inconsistent with
any of the terms hereof.

 

Section 10.12   
 Third Party Beneficiaries. Each of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer
acknowledge that (i) each Trust Loan Seller and each Initial Purchaser is a third party beneficiary with respect to Section 8.05(h) of this Agreement, the obligations of any such party to deliver information to the 17g-5 Information Provider hereunder and
the obligations of the 17g-5 Information Provider to post information to the 17g-5 Information Provider’s Website and the
express obligations of any party hereto to deliver

 

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documents, notices, information or funds to each of the Trust Loan Seller,
(ii) each Trust Loan Seller is a third party beneficiary with respect to Section 2.03(d), Section 2.03(e),
Section 2.03(g) and Section 10.08 of this Agreement, (iii) each Initial Purchaser is a third party
beneficiary with respect to its rights to receive any notices, documents, certifications and/or information hereunder and its
rights under Section 10.08 of this Agreement, (iv) each holder of a Companion Loan and any related Other Depositor
is an intended third party beneficiary in respect of the rights afforded it under this Agreement and may directly (or, in the
case of the holder of a Companion Loan, the related Other Servicer may) enforce such rights, and (v) each of the Companion
Loan Service Providers under an applicable Other Pooling and Servicing Agreement is an intended third party beneficiary under
this Agreement with respect to any provision herein expressly relating to compensation, reimbursement or indemnification of such
Companion Loan Service Provider and the provisions regarding the coordination of Advances.

 

ARTICLE
XI 

 

EXCHANGE
ACT REPORTING AND REGULATION AB COMPLIANCE

 

Section 11.01   
Intent of the Parties; Reasonableness. The parties hereto acknowledge and agree that the purpose of Article XI of this Agreement is, among other things, to facilitate compliance by any Other Depositor with the provisions of Regulation
AB and the related rules and regulations of the Commission. Except as expressly required by Sections 11.07, 11.08
and 11.09, the Depositor shall not, and no Other Depositor may, exercise its rights to request delivery of information
or other performance under these provisions other than in good faith, or for purposes other than compliance with the Act, the
Exchange Act and the Sarbanes-Oxley Act. The parties hereto acknowledge that interpretations of the requirements of Regulation
AB may change over time due to interpretive guidance provided by the Commission or its staff, and agree to comply with reasonable
requests made by the Depositor, or any Other Depositor, in good faith for delivery of information under these provisions on the
basis of such evolving interpretations of Regulation AB. In connection with the CPTS 2019-CPT Mortgage Trust Commercial Mortgage
Pass-Through Certificates, and any Companion Loan Securities, each of the parties to this Agreement shall cooperate fully with
the Depositor, the Certificate Administrator, any Other Depositor and any Other Exchange Act Reporting Party, as applicable, to
deliver to the Depositor or Other Depositor, as applicable (including any of its assignees or designees), any and all statements,
reports, certifications, records and any other information in its possession or reasonably available to it and necessary in the
reasonable good faith determination of the Depositor, the Certificate Administrator, any Other Depositor or any Other Exchange
Act Reporting Party, as applicable, to permit any Other Depositor to comply with the provisions of Regulation AB, together with
such disclosures relating to the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Custodian,
as applicable, and any Sub-Servicer, or the servicing of the Whole Loan, reasonably believed by the Depositor or any Other
Depositor, as applicable, in good faith to be necessary in order to effect such compliance. Each party to this Agreement shall
have a reasonable period of time to comply with any written request made under this Section 11.01, but in any event
shall, upon reasonable advance written request, provide information in sufficient time to allow the Depositor or any Other Depositor,
as applicable, to satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has
an obligation to exercise commercially reasonable efforts to cause a third party to perform, such

 

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party hereunder shall not be
required to bring any legal action against such third party in connection with such obligation.

 

Section 11.02   
Succession; Sub-Servicers; Subcontractors. (a)  For so long as any Other Securitization Trust is subject to the
reporting requirements of the Exchange Act (in addition to any requirements contained in Section 11.07 of this Agreement),
in connection with the succession to the Master Servicer and Special Servicer or any Sub-Servicer as servicer or sub-servicer
(to the extent such Sub-Servicer is a “servicer” meeting the criteria contemplated by Item 1108(a)(2) of Regulation
AB) under this Agreement by any Person (i) into which the Master Servicer and Special Servicer or such Sub-Servicer may
be merged or consolidated, or (ii) which may be appointed as a successor to the Master Servicer and Special Servicer or any
such Sub-Servicer, the Master Servicer or Special Servicer, as applicable (depending on whether such succession involves it
or one of its Sub-Servicers), shall provide to any Other Depositor as to which the applicable Companion Loan is affected, at least
five (5) Business Days prior to the effective date of such succession or appointment as long as such disclosure prior to
such effective date would not be violative of any applicable law or confidentiality agreement, and otherwise no later than one
(1) Business Day after such effective date of succession, (x) written notice to the Depositor and each such Other Depositor
of such succession or appointment and (y) in writing and in form and substance reasonably satisfactory to each such Other
Depositor, all information relating to such successor servicer reasonably requested by any such Other Depositor in order to comply
with its reporting obligation under Item 6.02 of Form 8-K pursuant to the Exchange Act (if such reports under the Exchange
Act are required to be filed under the Exchange Act).

 

(b)           For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, each of the Master
Servicer, the Special Servicer, any Sub-Servicer, the Certificate Administrator, the Trustee and the Custodian (each of the
Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Custodian and each Sub-Servicer,
for purposes of this Section 11.02(b) and Section 11.02(c), a “Servicing Party”) is
permitted to utilize one or more Subcontractors to perform certain of its obligations hereunder. Such Servicing Party shall promptly
upon request provide to any Other Depositor as to which the applicable Companion Loan is affected, a written description (in form
and substance satisfactory to each such Other Depositor) of the role and function of each Subcontractor that is a Servicing Function
Participant utilized by such Servicing Party during the preceding calendar year, specifying (i) the identity of such Subcontractor,
and (ii) which elements of the Servicing Criteria will be addressed in assessments of compliance provided by each such Subcontractor.
Each Servicing Party shall cause any Subcontractor utilized by such Servicing Party that is determined to be a Servicing Function
Participant to comply with the provisions of Section 11.08 and Section 11.09 of this Agreement to the
same extent as if such Subcontractor were such Servicing Party. Such Servicing Party shall obtain from each such Subcontractor
(or, in the case of each Sub-Servicer set forth on Exhibit X, shall use commercially reasonable efforts to obtain
from such Sub-Servicer) and deliver to the applicable Persons any assessment of compliance report and related accountant’s
attestation required to be delivered by such Subcontractor under Section 11.08 and Section 11.09 of this
Agreement, in each case, as and when required to be delivered.

 

(c)          
For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, notwithstanding the
foregoing, if a Servicing Party engages a Subcontractor in connection with the performance of any of its duties under this Agreement,
such

 

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Servicing Party shall be responsible for determining whether such Subcontractor is a “servicer” within the meaning
of Item 1101 of Regulation AB and whether such Subcontractor meets the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation
AB. If a Servicing Party determines, pursuant to the preceding sentence, that such Subcontractor is a “servicer” within
the meaning of Item 1101 of Regulation AB and meets the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB, then
such Subcontractor shall be deemed to be a Sub-Servicer for purposes of this Agreement, and the engagement of such Sub-Servicer
shall not be effective unless and until notice is given to the Depositor and the Certificate Administrator, as well as any Other
Depositor as to which the applicable Companion Loan is affected, of any such Sub-Servicer and Subservicing Agreement. No Subservicing
Agreement (other than such agreements relating to a Sub-Servicer set forth in Exhibit X) shall be effective until
five (5) Business Days after such written notice is received by the Depositor, the Certificate Administrator and each such Other
Depositor. Such notice shall contain all information reasonably necessary, and in such form as may be necessary, to enable each
Other Exchange Act Reporting Party as to which the applicable Companion Loan is affected, to accurately and timely report the
event under Item 6.02 of Form 8-K pursuant to the related Other Pooling and Servicing Agreement or otherwise (if such reports
under the Exchange Act are required to be filed under the Exchange Act).

 

(d)           For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, in connection with
the succession to the Trustee or Certificate Administrator under this Agreement by any Person (i) into which the Trustee
or Certificate Administrator may be merged or consolidated, or (ii) which may be appointed as a successor to the Trustee
or Certificate Administrator, the Trustee or Certificate Administrator, as applicable, shall notify the Depositor and each Other
Depositor, at least ten (10) Business Days prior to the effective date of such succession or appointment (or if such prior notice
would be violative of applicable law or any applicable confidentiality agreement, no later than the time required under Section 11.06 of this Agreement) and shall furnish pursuant to Section 11.06 of this Agreement to each Other Depositor in writing
and in form and substance reasonably satisfactory to the Depositor and each Other Depositor, all information reasonably necessary
for each Other Exchange Act Reporting Party to accurately and timely report the event under Item 6.02 of Form 8-K pursuant
to the related Other Pooling and Servicing Agreement or otherwise (if such reports under the Exchange Act are required to be filed
under the Exchange Act).

 

Section 11.03   
Other Securitization Trust’s Filing Obligations. For so long as any Other Securitization Trust is subject to the
reporting requirements of the Exchange Act, the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee
and the Custodian shall (and shall cause (or, in the case of each Sub-Servicer set forth on Exhibit X, shall use
commercially reasonable efforts to cause) each Additional Servicer and Servicing Function Participant utilized thereby to) reasonably
cooperate with each Other Depositor in connection with the satisfaction of each Other Securitization Trust’s reporting requirements
under the Exchange Act.

 

Section 11.04   
Form 10-D Disclosure. For so long as any Other Securitization Trust is subject to the reporting requirements of the
Exchange Act, within five (5) calendar days after the related Distribution Date (using commercially reasonable efforts), (i) the
parties as set forth on Exhibit T to this Agreement, shall be required to provide to each Other Exchange Act Reporting
Party and each Other Depositor to which the particular Additional Form 10-D Disclosure is relevant for Exchange Act reporting
purposes, to the extent a Servicing Officer or

 

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Responsible Officer thereof has knowledge thereof (other than information required
by Item 1117 of Regulation AB as to such party which shall be reported if actually known by any Servicing Officer or
Responsible Officer, as the case may be, or any lawyer in the in-house legal department of such party), in EDGAR-compatible
format (to the extent available to such party in such format), or in such other format as otherwise agreed upon by each such Other
Exchange Act Reporting Party, each such Other Depositor and such parties, the form and substance of the Additional Form 10-D
Disclosure, if applicable, and (ii) the parties listed on Exhibit T to this Agreement shall include with such
Additional Form 10-D Disclosure application to such party and shall cause each Sub-Servicer (or, in the case of each
Sub-Servicer set forth on Exhibit X, shall use commercially reasonable efforts to cause such Sub-Servicer)
and Subcontractor of such party to the extent required under Regulation AB to provide, and if received, include, an Additional
Disclosure Notification in the form attached as Exhibit W to this Agreement. The Certificate Administrator has no
duty under this Agreement to monitor or enforce the performance by the parties listed on Exhibit T to this Agreement
of their duties under this paragraph or proactively solicit or procure from such parties any Additional Form 10-D Disclosure
information.

 

Section 11.05   
Form 10-K Disclosure. For so long as any Other Securitization Trust is subject to the reporting requirements of the
Exchange Act, by March 1st, commencing in March 2020, (i) the parties listed on Exhibit U to this
Agreement shall be required to provide (and with respect to any Servicing Function Participant of such party (other than any party
to this Agreement), shall cause such Servicing Function Participant to provide) to each Other Exchange Act Reporting Party and
each Other Depositor to which the particular Additional Form 10-K Disclosure is relevant for Exchange Act Reporting purposes,
to the extent a Servicing Officer or a Responsible Officer, as the case may be, thereof has actual knowledge (other than information
required by Item 1117 of Regulation AB as to such party which shall be reported if actually known by any Servicing Officer or
Responsible Officer, as the case may be, or any lawyer in the in house legal department of such party), in EDGAR compatible format
(to the extent available to such party in such format) or in such other format as otherwise agreed upon by each such Other Exchange
Act Reporting Party, each such Other Depositor and such providing parties, the form and substance of any Additional Form 10-K
Disclosure described on Exhibit U to this Agreement applicable to such party, and (ii) the parties listed on
Exhibit U to this Agreement shall include with such Additional Form 10-K Disclosure applicable to such party and
shall cause each Sub-Servicer (or, in the case of each Sub-Servicer set forth on Exhibit X, shall use commercially
reasonable efforts to cause such Sub-Servicer) and Subcontractor of such party to the extent required under Regulation AB to provide,
and if received, include, an Additional Disclosure Notification in the form attached as Exhibit W to this Agreement.
The Certificate Administrator has no duty under this Agreement to monitor or enforce the performance by the parties listed on
Exhibit U to this Agreement of their duties under this paragraph or proactively solicit or procure from such parties
any Additional Form 10-K Disclosure information.

 

Section 11.06   
Form 8-K Disclosure. For so long as any Other Securitization Trust is subject to the reporting requirements of the
Exchange Act, to the extent a Servicing Officer or Responsible Officer thereof has actual knowledge of such event (other than
Item 1117 of Regulation AB as to such party which shall be reported if actually known by any Servicing Officer or Responsible
Officer, as the case may be, or any lawyer in the in-house legal department of such party), within one Business Day after
the occurrence of an event requiring disclosure on Form 8-K (each such event, a “Reportable Event”) (using
commercially reasonable efforts), but in no event

 

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later than the end of business (New York City time) on the second Business Day
after the occurrence of a Reportable Event, (i) the parties set forth on Exhibit V to this Agreement shall be
required to provide (and (i) with respect to any Servicing Function Participant of such party that is a Sub-Servicer
set forth on Exhibit X, shall use commercially reasonable efforts to cause such Servicing Function Participant to
provide, and (ii) with respect to any other Servicing Function Participant of such party (other than any party to this Agreement),
shall cause such Servicing Function Participant to provide) to each Other Depositor and each Other Exchange Act Reporting Party
to which the particular Form 8-K Disclosure Information is relevant for Exchange Act reporting purposes, in EDGAR-compatible
format (to the extent available to such party in such format) or in such other format as otherwise agreed upon by each such Other
Depositor, each such Other Exchange Act Reporting Party and such providing parties, any Form 8-K Disclosure Information described
on Exhibit V to this Agreement as applicable to such party, if applicable, and (ii) the parties listed on Exhibit V to this Agreement shall include with such Form 8-K Disclosure Information applicable to such party and shall cause each
Sub-Servicer (or, in the case of each Sub-Servicer set forth on Exhibit X, shall use commercially reasonable
efforts to cause such Sub-Servicer) and Subcontractor of such party to the extent required under Regulation AB to provide,
and if received, include, an Additional Disclosure Notification in the form attached hereto as Exhibit W. The Certificate
Administrator has no duty under this Agreement to monitor or enforce the performance by the parties listed on Exhibit V of their duties under this paragraph or proactively solicit or procure from such parties any Form 8-K Disclosure Information.

 

Section 11.07   
Annual Compliance Statements. On or before March 1 of each year, commencing in 2020, each of the Master Servicer, the Special
Servicer (regardless of whether the Special Servicer has commenced special servicing of the Whole Loan) and, for so long as any
Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Certificate Administrator, the Custodian,
any Additional Servicer and each Servicing Function Participant, each at its own expense, shall furnish (and each such party,
(i) with respect to each Servicing Function Participant that is a Sub-Servicer set forth on Exhibit X with
which it has entered into a servicing relationship with respect to the Whole Loan, shall use commercially reasonable efforts to
cause such Servicing Function Participant to furnish, and (ii) with respect to any other Servicing Function Participant of
such party (other than any party to this Agreement), shall cause such Servicing Function Participant to furnish) (each such Servicing
Function Participant and each of the Master Servicer, Special Servicer, the Certificate Administrator, the Trustee and the Custodian,
a “Certifying Servicer”) to the Certificate Administrator and the 17g-5 Information Provider (who shall post
it to the Certificate Administrator’s Website and the 17g-5 Information Provider’s Website, as applicable)), the Trustee,
the Depositor and the Companion Loan Holders (or, in the case of a Companion Loan that is part of an Other Securitization Trust,
the applicable Other Depositor and Other Exchange Act Reporting Party), an Officer’s Certificate stating, as to the signer
thereof, that (A) a review of such Person’s activities during the preceding calendar year or portion thereof and of
such Person’s performance under this Agreement or the applicable sub-servicing agreement, as applicable, has been made under
such officer’s supervision and (B) to the best of such officer’s knowledge, based on such review, such Person
has fulfilled all its obligations under this Agreement or the applicable sub-servicing agreement, as applicable, 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. For so long as any Other Securitization
Trust is subject to the reporting requirements of the Exchange Act, promptly after receipt of each such Officer’s

 

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Certificate,
the Depositor (and, in the case of a Companion Loan that is part of an Other Securitization Trust, the applicable Other Depositor
and Other Exchange Act Reporting Party) may review each such Officer’s Certificate and, if applicable, consult with the
Certifying Servicer, as applicable, as to the nature of any failures by such Certifying Servicer, respectively, or any related
Servicing Function Participant with which the Master Servicer or the Special Servicer, as applicable, has entered into a servicing
relationship with respect to the Trust Loan or the Companion Loans in the fulfillment of any Certifying Servicer’s obligations
hereunder or under the applicable sub-servicing or primary servicing agreement. The obligations of each Certifying Servicer
under this Section apply to each such Certifying Servicer that serviced the Trust Loan or a Companion Loan during the applicable
period, whether or not the Certifying Servicer is acting in such capacity at the time such Officer’s Certificate is required
to be delivered. Copies of all Officer’s Certificates delivered pursuant to this Section 11.07 shall be made
available to any Privileged Person by the Certificate Administrator by posting such Compliance Report to the Certificate Administrator’s
Website. Notwithstanding the foregoing, the Trustee shall not be required to deliver an annual compliance statement with respect
to any period during which there was no Relevant Servicing Criteria applicable to it.

 

Section 11.08   
Annual Reports on Assessment of Compliance with Servicing Criteria. (a)  On or before March 1 of each year,
commencing in 2020, the Master Servicer, the Special Servicer (regardless of whether the Special Servicer has commenced special
servicing of the Whole Loan) and, for so long as any Other Securitization Trust is subject to the reporting requirements of the
Exchange Act, the Certificate Administrator, the Trustee and the Custodian, each at its own expense, shall furnish (and each such
party, (i) with respect to each Servicing Function Participant that is a Sub-Servicer set forth on Exhibit X with which it has entered into a servicing relationship with respect to the Whole Loan, shall use commercially reasonable
efforts to cause such Servicing Function Participant to furnish, and (ii) with respect to any other Servicing Function Participant
of such party (other than any party to this Agreement), shall cause such Servicing Function Participant to furnish) (each Servicer,
the Special Servicer, the Certificate Administrator, the Trustee, the Custodian and any Servicing Function Participant, as the
case may be, a “Reporting Servicer”) to the Certificate Administrator and the 17g-5 Information Provider (who
shall promptly post it to the Certificate Administrator’s Website and the 17g-5 Information Provider’s Website, as
applicable), the Trustee, the Depositor and the Companion Loan Holders (or, in the case of a Companion Loan that is part of an
Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party), a report on an assessment
of compliance with the Applicable Servicing Criteria that contains (A) a statement by such Reporting Servicer of its responsibility
for assessing compliance with the Applicable Servicing Criteria, (B) a statement that, to the best of such Reporting Servicer’s
knowledge, such Reporting Servicer used the Servicing Criteria to assess compliance with the Applicable Servicing Criteria, (C) such
Reporting Servicer’s assessment of compliance with the Applicable Servicing Criteria as of the end of and for the preceding
calendar year, including, if there has been any material instance of noncompliance with the Applicable Servicing Criteria, a discussion
of each such failure and the nature and status thereof and (D) a statement that a registered public accounting firm that
is a member of the American Institute of Certified Public Accountants has issued an attestation report on such Reporting Servicer’s
assessment of compliance with the Applicable Servicing Criteria as of and for such period. Copies of all compliance reports delivered
pursuant to this Section 11.08 shall be provided to any Certificateholder, upon the written request therefor, by the
Certificate Administrator. Notwithstanding the foregoing, the Trustee shall not be required to deliver an

 

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assessment of compliance
with respect to any period during which there was no Relevant Servicing Criteria applicable to it.

 

Each
such report shall be addressed to the Depositor and each Other Depositor (if addressed) and signed by an authorized officer of
the applicable company, and shall address each of the Applicable Servicing Criteria. For so long as any Other Securitization Trust
is subject to the reporting requirements of the Exchange Act, promptly after receipt of each such report, the Depositor and each
Other Depositor may review each such report and, if applicable, consult with the each Reporting Servicer as to the nature of any
material instance of noncompliance with the Relevant Servicing Criteria.

 

(b)           On the Closing Date, the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian and the Trustee each
acknowledge and agree that Schedule I to this Agreement sets forth the Relevant Servicing Criteria for such party.

 

(c)          
No later than 30 days after the end of each fiscal year for the Trust, the Master Servicer, the Special Servicer and, for so long
as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Certificate Administrator,
the Trustee and the Custodian shall notify the Certificate Administrator, the Depositor, each Other Exchange Act Reporting Party
and each Other Depositor as to the name of each Servicing Function Participant utilized by it, in each case, and each such notice
will specify what specific Servicing Criteria will be addressed in the report on assessment of compliance prepared by such Servicing
Function Participant. When the Master Servicer, the Special Servicer and, for so long as any Other Securitization Trust is subject
to the reporting requirements of the Exchange Act, the Certificate Administrator, the Trustee and the Custodian submit their assessments
pursuant to Section 11.08(a) of this Agreement, such parties, as applicable, will also at such time include the assessment
(and related attestation pursuant to Section 11.09) of each Servicing Function Participant engaged by it. The fiscal
year for the Trust shall be January 1 through and including December 31 of each calendar year.

 

(d)           In the event the Master Servicer, the Special Servicer or, for so long as any Other Securitization Trust is subject to the reporting
requirements of the Exchange Act, the Certificate Administrator, the Trustee or the Custodian is terminated or resigns pursuant
to the terms of this Agreement, such party shall provide, and each such party shall cause (or, if the Servicing Function Participant
is a Sub-Servicer set forth on Exhibit X, shall use commercially reasonable efforts to cause) any Servicing Function
Participant engaged by it to provide (and the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee
and the Custodian shall, with respect to any Servicing Function Participant that resigns or is terminated under any applicable
servicing agreement, cause such Servicing Function Participant to provide) an annual assessment of compliance pursuant to this
Section 11.08, coupled with an attestation as required in Section 11.09 in respect of the period of time
that the Master Servicer, the Special Servicer or, for so long as any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, the Certificate Administrator, the Trustee or the Custodian was subject to this Agreement or the period of
time that the Servicing Function Participant was subject to such other servicing agreement.

 

Section 11.09   
Annual Independent Public Accountants’ Servicing Report. On or before March 1 of each year, commencing in 2020, the
Master Servicer, the Special Servicer and,

 

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for so long as any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, the Certificate Administrator, the Trustee and the Custodian, each at its own expense, shall cause (and each
such party, (i) with respect to each Servicing Function Participant that is a Sub-Servicer set forth on Exhibit X with which it has entered into a servicing relationship with respect to the Whole Loan, shall use commercially reasonable
efforts to cause such Servicing Function Participant to cause, and (ii) with respect to any other Servicing Function Participant
of such party (other than any party to this Agreement), shall cause such Servicing Function Participant to cause) a registered
public accounting firm (which may also render other services to the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Custodian or the applicable Servicing Function Participant, as the case may be) and that is a member of the American
Institute of Certified Public Accountants to furnish a report to the Certificate Administrator (who shall post it to the Certificate
Administrator’s Website), the Depositor, the Companion Loan Holders (or, in the case of a Companion Loan that is part of
an Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party) and the 17g-5 Information
Provider (who shall post it to the 17g-5 Information Provider’s Website), to the effect that (i) it has obtained a
representation regarding certain matters from the management of such Reporting Servicer, which includes an assessment from such
Reporting Servicer of its compliance with the Applicable 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 such Reporting Servicer’s assessment of compliance with the Servicing Criteria
was fairly stated in all material respects, or it cannot express an overall opinion regarding such party’s assessment of
compliance with the Applicable Servicing Criteria. In the event that 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. Each accountant’s attestation report
required hereunder shall be made in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Act and the Exchange
Act. Such report must be available for general use and not contain restricted use language. Copies of all statements delivered
pursuant to this Section 11.09 shall be made available to any Privileged Person by the Certificate Administrator posting
such statement on the Certificate Administrator’s Website pursuant to Section 8.14(b). Notwithstanding the foregoing,
the Trustee shall not be required to deliver an annual independent public accountants’ servicing report with respect to
any period during which there was no Relevant Servicing Criteria applicable to it.

 

For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, promptly after receipt
of such report from the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Custodian or any
Servicing Function Participant, the Depositor and each Other Depositor may review the report and, if applicable, consult with
the Master Servicer, the Special Servicer or, for so long as any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, the Certificate Administrator as to the nature of any defaults by the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, the Custodian or any Servicing Function Participant with which it has entered into
a servicing relationship with respect to the Trust Loan or any Companion Loan, as the case may be, in the fulfillment of any of
the Master Servicer’s, the Special Servicer’s, the Certificate Administrator’s, the Trustee’s, the Custodian’s
or the applicable Servicing Function Participants’ obligations hereunder or under the applicable sub-servicing agreement.

 

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Section 11.10   
Significant Obligor. With respect to a Companion Loan that an applicable Other Depositor has notified the Master Servicer
in writing that the Property is a “significant obligor” (within the meaning of Item 1101(k) of Regulation AB) with
respect to an Other Securitization Trust that includes such Companion Loan and of the distribution date in such Other Pooling
and Servicing Agreement, the Master Servicer shall, solely to the extent the Master Servicer is in receipt of the updated financial
statements of such “significant obligor” for any calendar quarter (other than the fourth calendar quarter of any calendar
year) (beginning with the first calendar quarter following receipt of such notice from the Other Depositor) or the updated financial
statements of such “significant obligor” for any calendar year (beginning with the first calendar year following receipt
of such notice from the Other Depositor), as applicable, from the Borrower or the Special Servicer, as applicable, deliver to
the Other Certificate Administrator on or prior to the day that occurs two Business Days prior to the related Significant Obligor
NOI Quarterly Filing Deadline or seven Business Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as applicable,
(A) if such financial statement receipt occurs 12 or more Business Days prior to the related Significant Obligor NOI Quarterly
Filing Deadline or 17 or more Business Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as applicable,
such financial statements of such “significant obligor”, together with the net operating income of such significant
obligor for the applicable period as calculated by the Master Servicer in accordance with the CREFC® guidelines
and (B) if such financial statement receipt occurs less than 12 Business Days prior to the related Significant Obligor NOI
Quarterly Filing Deadline or less than 17 Business Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as
applicable, such financial statements of such “significant obligor”, together with the net operating income for the
applicable period as reported by the Borrower in such financial statements.

 

If
the Master Servicer does not receive financial information satisfactory to comply with Item 6 of Form 10-D or Item 1112(b)(1)
of Form 10-K, as the case may be, of such “significant obligor” within ten Business Days after the date such financial
information is required to be delivered under the Loan Documents, the Master Servicer shall notify the Other Depositor with respect
to such Other Securitization Trust that includes such related Companion Loan (and shall cause each applicable sub-servicing agreement
to require any related Sub-Servicer to notify such Other Depositor) that it has not received them. The Master Servicer shall use
efforts consistent with the Servicing Standard (taking into account, in addition, the ongoing reporting obligations of such Other
Depositor under the Exchange Act) to obtain the periodic financial statements of the Borrower under the Loan Documents.

 

The
Master Servicer shall (and shall cause each applicable sub-servicing agreement to require any related Sub-Servicer to) retain
written evidence of each instance in which it (or a Sub-Servicer) attempts to contact the Borrower to obtain the required financial
information and is unsuccessful and, within five (5) Business Days prior to the date in which a Form 10-D or Form 10-K,
as applicable, is required to be filed with respect to the Other Securitization Trust, shall forward an Officer’s Certificate
evidencing its attempts to obtain this information to the Other Exchange Act Reporting Party and Other Depositor related to such
Other Securitization Trust. This Officer’s Certificate should be addressed to the certificate administrator at its corporate
trust office, as specified in the related Other Pooling and Servicing Agreement.

 

Section 11.11   
Sarbanes-Oxley Backup Certification. For so long as any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, the Certificate

 

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Administrator, the Trustee, the Custodian, the Master Servicer and the Special Servicer shall
provide (and with respect to any other Servicing Function Participant of such party, shall cause such Servicing Function Participant
to provide) to the Person who signs the Sarbanes-Oxley Certification with respect to such Other Securitization Trust (the “Certifying
Person”) no later than March 15 of the year following the year to which the Form 10-K of such Other Securitization
Trust relates or, if March 15 is not a Business Day, on the immediately following Business Day, a certification in the form attached
to this Agreement as Exhibit Y, on which the Certifying Person, the entity for which the Certifying Person acts as
an officer, and such entity’s officers, directors and Affiliates (collectively with the Certifying Person, “Certification
Parties”) can reasonably rely. In the event any Reporting Servicer is terminated or resigns pursuant to the terms of
this Agreement, or any applicable sub-servicing agreement or primary servicing agreement, as the case may be, such Reporting
Servicer shall provide a certification to the Certifying Person pursuant to this Section 11.11 with respect to the
period of time it was subject to this Agreement or the applicable sub-servicing or primary servicing agreement, as the case
may be. Notwithstanding the foregoing, the Trustee shall not be required to deliver such certification with respect to any period
during which there was no Relevant Servicing Criteria applicable to it.

 

Notwithstanding
the foregoing, nothing in this Section 11.11 shall require any Reporting Servicer (i) to certify or verify the
accurateness or completeness of any information provided to such Reporting Servicer by third parties (other than a Sub-Servicer,
Additional Servicer or any other third party retained by it that is not a Sub-Servicer listed on Exhibit X or a Sub-Servicer
appointed pursuant to Section 3.01(c)), (ii) to certify information other than to such Reporting Servicer’s
knowledge and in accordance with such Reporting Servicer’s responsibilities hereunder or (iii) with respect to completeness
of information and reports, to certify anything other than that all fields of information called for in written reports prepared
by such Reporting Servicer have been completed except as they have been left blank on their face.

 

Section 11.12   
Indemnification. For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange
Act, each of the Master Servicer, the Special Servicer, the Custodian (if the Custodian is a separate entity from the Certificate
Administrator), the Certificate Administrator and the Trustee shall indemnify and hold harmless each Certification Party, the
Depositor (and any Other Depositor related to an Other Securitization Trust that includes such Companion Loan), their respective
directors and officers, and each other person who controls any such entity within the meaning of either Section 15 of the
Securities Act or Section 20 of the Exchange Act, 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 (i) the failure to perform its obligations to the Depositor (or any Other Depositor related to an Other Securitization
Trust that includes such Companion Loan) or Certificate Administrator (or any Other Trustee related to an Other Securitization
Trust that includes such Companion Loan) under this Article XI by the time required after giving effect to any applicable
grace period or cure period, (ii) any untrue statement or alleged untrue statement of a material fact contained in any information
(x) regarding such party or any Servicing Function Participant, Additional Servicer or subcontractor engaged by it (other
than any Trust Loan Seller Sub-Servicer), (y) prepared by any such party described in clause (x) or any registered
public accounting firm, attorney or other agent retained by such party to prepare such information and (z) delivered by or
on behalf of such party in connection with the performance of such party’s obligations described in this Article XI,
or the omission or alleged omission to state in any such

 

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information a material fact necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading; provided, that the applicable party shall
be entitled to participate in any action arising out of the foregoing and the Depositor shall consult with such party with respect
to any litigation or audit strategy, as applicable, in connection with the foregoing and any potential settlement terms related
thereto, (iii) the failure of any Servicing Function Participant or Additional Servicer retained by it (other than a Trust
Loan Seller Sub-Servicer) to perform its obligations to the Depositor (or any Other Depositor related to an Other Securitization
Trust that includes such Companion Loan) or Certificate Administrator (or any Other Trustee related to an Other Securitization
Trust that includes such Companion Loan) under this Article XI by the time required after giving effect to any applicable
grace period and cure period or (iv) any Deficient Exchange Act Deliverable.

 

In
addition, each of the Master Servicer, the Special Servicer, the Custodian, the Certificate Administrator and the Trustee shall
cooperate (and require each Servicing Function Participant and Additional Servicer retained by it to cooperate under the applicable
Sub-Servicing Agreement) with the Depositor or the Other Depositor as necessary for the Depositor or the Other Depositor to conduct
any reasonable due diligence necessary to evaluate and assess any material instances of non-compliance disclosed in any of the
deliverables required by the applicable reporting requirements under the Securities Act, the Exchange Act, the Sarbanes-Oxley
Act and the rules and regulations promulgated thereunder (“Reporting Requirements”).

 

In
connection with comments provided to the Depositor or any Other Depositor from the Commission regarding information (x) delivered
by the Master Servicer, the Special Servicer, the Custodian, the Certificate Administrator, the Trustee, a Servicing Function
Participant or an Additional Servicer, as applicable (“Affected Reporting Party”), (y) regarding such
Affected Reporting Party, and (z) prepared by such Affected Reporting Party or any registered public accounting firm, attorney
or other agent retained by such party to prepare such information, which information is contained in a report filed by the Depositor
or Other Depositor under the Reporting Requirements and which comments are received subsequent to the Depositor’s or Other Depositor’s
filing of such report, the Depositor or Other Depositor shall promptly provide to such Affected Reporting Party any such comments
which relate to such Affected Reporting Party. Such Affected Reporting Party shall be responsible for timely preparing a written
response to the Commission for inclusion in the Depositor’s or Other Depositor’s response to the Commission, unless
such Affected Reporting Party elects, with the consent of the Depositor or Other Depositor, as applicable (which consent shall
not be unreasonably denied, withheld or delayed), to directly communicate with the Commission and negotiate a response and/or
resolution with the Commission; provided, if an Affected Reporting Party is a Servicing Function Participant or Additional
Servicer retained by the Master Servicer, the Master Servicer shall receive copies of all material communications pursuant to
this paragraph. If such election is made, the applicable Affected Reporting Party shall be responsible for directly negotiating
such response and/or resolution with the Commission in a timely manner; provided, that (i) such Affected Reporting
Party shall use reasonable efforts to keep the Depositor or Other Depositor informed of its progress with the Commission and copy
the Depositor or Other Depositor on all correspondence with the Commission and provide the Depositor or Other Depositor with the
opportunity to participate (at the Depositor’s or Other Depositor’s expense) in any telephone conferences and meetings
with the Commission and (ii) the Depositor or Other Depositor shall cooperate with any Affected Reporting Party in order
to authorize such Affected Reporting Party and its representatives to respond to and

 

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negotiate directly with the Commission with
respect to any comments from the Commission relating to such Affected Reporting Party and to notify the Commission of such authorization.
The Depositor (or Other Depositor) and the Affected Reporting Party shall cooperate and coordinate with one another with respect
to any requests made to the Commission for extension of time for submitting a response or compliance. All respective reasonable
out-of-pocket costs and expenses incurred by the Depositor or Other Depositor (including reasonable legal fees and expenses of
outside counsel to the Depositor or Other Depositor, as the case may be) in connection with the foregoing (other than those costs
and expenses required to be at the Depositor’s or Other Depositor’s expense as set forth above) and any amendments
to any reports filed with the Commission therewith shall be promptly paid by the applicable Affected Reporting Party upon receipt
of an itemized invoice from the Depositor or Other Depositor, as the case may be. Each of the Master Servicer, the Special Servicer,
the Custodian, the Certificate Administrator and the Trustee shall use commercially reasonable efforts to cause any Servicing
Function Participant or Additional Servicer retained by it to comply with the foregoing by inclusion of similar provisions in
the related sub-servicing or similar agreement.

 

The
Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Custodian shall use commercially reasonable
efforts to cause each Servicing Function Participant (other than (x) any party to this Agreement or (y) a Trust Loan
Seller Sub-Servicer) with which it has entered into a servicing relationship with respect to the Trust Loan to indemnify and hold
harmless each Certification Party from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses
and related costs, judgments and other costs and expenses incurred by such Certification Party arising out of (i) a breach
of its obligations to provide any of the annual compliance statements or annual assessment of servicing criteria or attestation
reports pursuant to this Agreement, or the applicable Sub-Servicing Agreement, as applicable or (ii) any Deficient Exchange
Act Deliverable.

 

If
the indemnification provided for herein is unavailable or insufficient to hold harmless any Certification Party, then the Master
Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Custodian, each Additional Servicer or other Servicing
Function Participant (the “Performing Party”) shall, and the Master Servicer, the Special Servicer, the Certificate
Administrator and the Trustee shall use commercially reasonable efforts to cause each Servicing Function Participant with which
it has entered into a servicing relationship (other than (x) a party to this Agreement or (y) any Trust Loan Seller
Sub-Servicer) with respect to the Trust Loan to contribute to the amount paid or payable to the Certification Party as a result
of the losses, claims, damages or liabilities of the Certification Party in such proportion as is appropriate to reflect the relative
fault of the Certification Party on the one hand and the Performing Party on the other in connection with a breach of the Performing
Party’s obligations pursuant to this Article XI. The Master Servicer, the Special Servicer, the Certificate
Administrator, the Custodian and the Trustee shall use commercially reasonable efforts to cause each Servicing Function Participant
(other than (x) any party to this Agreement or (y) Trust Loan Seller Sub-Servicers) with which it has entered into a
servicing relationship with respect to the Trust Loan to agree to the foregoing indemnification and contribution obligations.

 

Promptly
after receipt by an indemnified party of notice of the commencement of any action, such indemnified party shall, if a claim in
respect thereof is to be made against the indemnifying party hereunder, notify in writing the indemnifying party of the commencement

 

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thereof; but the omission to so notify the indemnifying party shall not relieve it from any liability which it may have to any
indemnified party under this Agreement except to the extent that such omission to notify materially prejudices the indemnifying
party. In case any such action is brought against any indemnified party, after the indemnifying party has been notified of the
commencement of such action, such indemnifying party shall be entitled to participate therein (at its own expense) and, to the
extent that it may wish, shall be entitled to assume the defense thereof (jointly with any other indemnifying party similarly
notified) with counsel reasonably satisfactory to such indemnified party (which approval shall not be unreasonably withheld or
delayed), and after notice from the indemnifying party to such indemnified party of its election to so assume the defense thereof,
the indemnifying party shall not be liable to such indemnified party for any expenses subsequently incurred in connection with
the defense thereof other than reasonable costs of investigation. In any such proceeding, any indemnified party shall have the
right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such indemnified party unless
(i) the indemnifying party and the indemnified party shall have agreed to the retention of such counsel, (ii) the named
parties to any such proceeding (including any impleaded parties and, in the case of an investigation by the Commission, any parties
that are, or whose reporting materials are, the subject of such investigation) include both the indemnifying party and the indemnified
party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests
between them or (iii) the indemnifying party fails within a reasonable period of time to designate counsel that is reasonably
satisfactory to the indemnified party (which approval shall not be unreasonably withheld or delayed). In no event shall the indemnifying
parties be liable for fees and expenses of more than one counsel (in addition to any local counsel) in any one jurisdiction separate
from their own counsel for all indemnified parties in connection with any one action or separate but similar or related actions
in the same jurisdiction arising out of the same general allegations or circumstances. An indemnifying party shall not be liable
for any settlement of any proceeding effected without its written consent. However, if settled with such consent, the indemnifying
party shall indemnify the indemnified party from and against any loss or liability by reason of such settlement to the extent
that the indemnifying party is otherwise required to do so under this Agreement. If an indemnifying party assumes the defense
of any proceeding, it shall be entitled to settle such proceeding with the consent of the indemnified party (which consent shall
not be unreasonably withheld or delayed) or, if such settlement (i) provides for an unconditional release of the indemnified
party in connection with all matters relating to the proceeding that have been asserted against the indemnified party in such
proceeding by the other parties to such settlement and (ii) does not require an admission of fault by the indemnified party,
without the consent of the indemnified party.

 

Section 11.13   
Amendments. This Article XI may be amended by the parties hereto pursuant to Section 11.08 of this
Agreement for purposes of complying with Regulation AB, the Act or the Exchange Act and/or to conform to standards developed within
the commercial mortgage-backed securities market and the Sarbanes-Oxley Act without any Opinions of Counsel, Officer’s
Certificates, Rating Agency Confirmations or the consent of any Certificateholder, notwithstanding anything to the contrary contained
in this Agreement.

 

Section 11.14   
Termination of the Certificate Administrator. Notwithstanding anything to the contrary contained in this Agreement, the
Depositor or any Other Depositor may terminate the Certificate Administrator upon five Business Days’ notice if the Certificate

 

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Administrator fails to comply with any of its obligations under this Article XI; provided that such termination
shall not be effective until a successor Certificate Administrator shall have accepted the appointment.

 

Section 11.15   
Termination of Sub-Servicing Agreements. For so long as any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, each of the Master Servicer, the Certificate Administrator, the Trustee and the Custodian, as applicable,
shall (i) cause each Sub-Servicing Agreement to which it is a party to entitle the Depositor or any Other Depositor to terminate
such agreement (without compensation, termination fee or the consent of any other Person) at any time following any failure of
the applicable Sub-Servicer to any deliver any Exchange Act reporting items that such Sub-Servicer is required to deliver under
Regulation AB or as otherwise contemplated by this Article XI and (ii) promptly notify the Depositor and any Other
Depositor following any failure of the applicable Sub-Servicer to deliver any Exchange Act reporting items that such Sub-Servicer
is required to deliver under Regulation AB or as otherwise contemplated by this Article XI. The Depositor and any Other
Depositor is hereby authorized to exercise the rights described in clause (i) of the preceding sentence in its sole discretion.
The rights of the Depositor and any Other Depositor to terminate a Sub-Servicing Agreement as aforesaid shall not limit any right
the Master Servicer, the Certificate Administrator, the Trustee or the Custodian, as applicable, may have to terminate such Sub-Servicing
Agreement.

 

Section 11.16   
Notification Requirements and Deliveries in Connection with Securitization of a Companion Loan. (a)  Any other
provision of this Article XI to the contrary notwithstanding, including, without limitation, any deadlines for delivery
set forth in this Article XI, in connection with the requirements contained in this Article XI that provide for
the delivery of information and other items to, and the cooperation with, the Other Depositor and Other Exchange Act Reporting
Party of any Other Securitization Trust that includes a Companion Loan, no party hereunder shall be obligated to provide any such
items to or cooperate with such Other Depositor or Other Exchange Act Reporting Party (i) until the Other Depositor or Other
Exchange Act Reporting Party of such Other Securitization Trust has provided each party hereto with not less than 30 days written
notice (which shall only be required to be delivered once and each party shall be entitled to conclusively rely on such notice
until a Responsible Officer thereof has received a subsequent notice), setting forth the contact information for such Person(s)
and, except as regards the deliveries and cooperation contemplated by Section 11.07, Section 11.08 and
Section 11.09 of this Agreement, stating that such Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, and (ii) specifying in reasonable detail the information and other items not otherwise specified in
this Agreement that are requested to be delivered; provided that if Exchange Act reporting is being requested, such Other
Depositor or Other Exchange Act Reporting Party is only required to provide a single written notice to such effect. Any reasonable
cost and expense of the Master Servicer, Special Servicer, Trustee, Certificate Administrator and Custodian in cooperating with
such Other Depositor or Other Exchange Act Reporting Party of such Other Securitization Trust (above and beyond their expressed
duties hereunder) shall be the responsibility of such Other Depositor or Other Securitization Trust. The parties hereto shall
have the right to confirm in good faith with the Other Depositor of such Other Securitization Trust as to whether applicable law
requires the delivery of the items identified in this Article XI to such Other Depositor and Other Exchange Act Reporting
Party of such Other Securitization Trust prior to providing any of the reports or other information required to be delivered under
this Article XI in connection therewith and (i) upon such confirmation, the parties shall comply with the deadlines

 

    -306-

     

    

 

for delivery set forth in this Article XI with respect to such Other Securitization Trust or (ii) in the absence of
such confirmation, the parties shall not be required to deliver such items; provided that no such confirmation shall be
required in connection with any delivery of the items contemplated by Section 11.07, Section 11.08 and
Section 11.09 of this Agreement. Such confirmation shall be deemed given if the Other Depositor or Other Exchange
Act Reporting Party for the Other Securitization Trust provides a written statement to the effect that the Other Securitization
Trust is subject to the reporting requirements of the Exchange Act and the appropriate party hereto receives such written statement.
The parties hereunder shall also have the right to require that such Other Depositor provide them with the contact details of
such Other Depositor, Other Exchange Act Reporting Party and any other parties to the Other Pooling and Servicing Agreement relating
to such Other Securitization Trust.

 

(b)           Each of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Custodian shall, upon reasonable
prior written request given in accordance with the terms of Section 11.16(a) above, and subject to a right of the
Master Servicer, Special Servicer, Certificate Administrator, Trustee or Custodian, as the case may be, to review and approve
such disclosure materials, permit each Companion Loan Holder to use such party’s description contained in the Offering Circular
(updated as appropriate by the Master Servicer, the Special Servicer, Certificate Administrator, Trustee or Custodian, as applicable,
at the reasonable cost of the Other Depositor) for inclusion in the disclosure materials relating to any securitization of a Companion
Loan.

 

(c)          
The Master Servicer, the Special Servicer, the Certificate Administrator , the Trustee and the Custodian, upon reasonable prior
written request given in accordance with the terms of Section 11.16(a) above, shall each timely provide (to the extent
the reasonable cost thereof is paid or caused to be paid by the requesting party) to the Other Depositor and any underwriters
with respect to any securitization transaction that includes a Companion Loan such opinion(s) of counsel, certifications and/or
indemnification agreement(s) with respect to the updated description referred in Section 11.16(b) with respect to
such party, substantially identical to those, if any, delivered by the Master Servicer, the Special Servicer, the Trustee, the
Certificate Administrator or the Custodian, as the case may be, or their respective counsel, in connection with the information
concerning such party in the Offering Circular and/or any other disclosure materials relating to this Trust (updated as deemed
appropriate by the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or the Custodian, or their
respective legal counsel, as the case may be, and sufficient to comply with Regulation AB). None of the Master Servicer, the Special
Servicer, the Trustee, the Certificate Administrator or the Custodian shall be obligated to deliver any such item with respect
to the securitization of a Companion Loan if it did not deliver a corresponding item with respect to this Trust.

 

[NO
FURTHER TEXT ON THIS PAGE]

 

    -307-

     

    

 

 

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

	 	 	 
	 	DEUTSCHE
    MORTGAGE & ASSET RECEIVING CORPORATION, as Depositor
	 	 	 
	 	By:	/s/
    Matt Smith
	 	 	Name:	Matt
    Smith
	 	 	Title:	Director
	 	 	 	 
	 	By:	/s/
    Natalie Grainger
	 	 	Name:	Natalie
    Grainger
	 	 	Title:	Director

 

CPTS
2019-CPT: TRUST AND SERVICING AGREEMENT

 

     

     

    

 

	STATE OF New York	)
	 	:  ss.:
	COUNTY OF New York	)

 

On
the 14th day of November in the year 2019, before me, the undersigned, personally appeared Matt Smith & Natalie
Grainger, proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the
within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their
signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument,
and that such individual made such appearance before the undersigned in the New York, NY (insert the city or other political
subdivision and the state or county or other place the acknowledgment was taken).

 

	 	 	/s/
    Eleni Seremetis
	 	Signature and Office
    of individual taking 

    acknowledgment
	 	 
	This instrument prepared by:	ELENI SEREMETIS
	 	STATE
	Name:	Cadwalader, Wickersham & Taft LLP	OF NEW YORK
	Address:	200 Liberty Street	NOTARY PUBLIC
	 	New York, New York 10281	Qualified in Bronx
    County
	 	01SE6318951
	 	MY COMMISSION EXPIRES
    2/9/2023

 

CPTS
2019-CPT: TRUST AND SERVICING AGREEMENT

 

     

     

    

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
    as Master Servicer
	 	 	 	 
	 	By:	/s/
    Nachette Hadden
	 	 	Name:	Nachette
    Hadden
	 	 	Title:	Director

 

CPTS
2019-CPT: TRUST AND SERVICING AGREEMENT

 

     

     

    

 

	STATE OF NORTH CAROLINA	)
	 	):  ss.
	COUNTY OF MECKLENBURG	)

 

On
this 5 day of November, 2019, personally appeared before me Nachette Hadden, to me known (or proved to me on the basis
of satisfactory evidence) to be a Director of Wells Fargo Bank, National Association, a national banking association, that executed
the within and foregoing instrument, and acknowledged that said instrument to be the free and voluntary act and deed of said entity,
for the uses and purposes therein mentioned, and on oath stated that she was authorized to execute said instrument, and that by
her signature on the instrument the entity upon behalf of which she acted, executed the instrument.

 

	 	/s/
    Erica L Smith	 
	 	Notary

    Name:
	 	 
	 	ERICA
    L SMITH
	 	My Commission
    Expires
	 	NOTARY PUBLIC
	 	07-20-2022
	My Commission expires:	MECKLENBURG
    COUNTY, NC

 

CPTS
2019-CPT: TRUST AND SERVICING AGREEMENT

 

     

     

    

	 	 	 
	 	CWCAPITAL ASSET MANAGEMENT LLC,
    as Special Servicer
	 	 	 	 
	 	By:	/s/
    Amelia T. Hoffman
	 	 	Name:	Amelia T.
    Hoffman
	 	 	Title:	Senior Vice President

 

CPTS
2019-CPT: TRUST AND SERVICING AGREEMENT

 

     

     

    

 

	STATE OF MARYLAND	)
	 	:  ss.:
	COUNTY OF MONTGOMERY	)

 

On
the 7th day of November in the year 2019, before me, the undersigned, personally appeared Amelia T. Hoffman, proved
to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged
to me that she executed the same in her capacity, and that by her signature on the instrument, the individual, or the person upon
behalf of which the individual acted, executed the instrument, and that such individual made such appearance before the undersigned
in Bethesda, Maryland.

 

	 	 	/s/
    Deanna L Dawson
	 	Signature and Office
    of individual taking 

    acknowledgment
	 	 
	This instrument prepared by:	DEANNA L DAWSON
	 	Notary Public-Maryland
	Name:	Cadwalader, Wickersham & Taft LLP	Prince George’s
    County
	Address:	200 Liberty Street	My Commission Expires
	 	New York, New York 10281	October
    10, 2021

 

CPTS
2019-CPT: TRUST AND SERVICING AGREEMENT

 

     

     

    

	 	 	 
	 	WILMINGTON TRUST, NATIONAL ASSOCIATION,
    as Trustee
	 	 	 	 
	 	By:	/s/
    Drew Davis
	 	 	Name:	Drew Davis
	 	 	Title:	Vice President

 

CPTS
2019-CPT: TRUST AND SERVICING AGREEMENT

 

     

     

    

 

	STATE
    OF DELAWARE	)
	 	:  ss.:
	COUNTY
    OF NEW CASTLE	)

 

On
the 6th day of November in the year 2019, before me, the undersigned, personally appeared Drew Davis, proved to me on the basis
of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to
me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument,
the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument, and that such individual
made such appearance before the undersigned in the city of Wilmington, DE (insert the city or other political subdivision and
the state or county or other place the acknowledgment was taken).

 

	 	 	/s/
    Christina Bader
	 	Signature and Office
    of individual taking 

    acknowledgment
	 	 
	This instrument prepared by:	 
	 	 
	Name:	Cadwalader, Wickersham & Taft LLP	 
	Address:	200 Liberty Street	 
	 	New York, New York 10281	 

 

CPTS
2019-CPT: TRUST AND SERVICING AGREEMENT

 

     

     

    

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
    as Certificate Administrator, Custodian and Paying Agent
	 	 	 	 
	 	By:	/s/
    Stacey Gross
	 	 	Name:	Stacey Gross
	 	 	Title:	Vice President

 

CPTS
2019-CPT: TRUST AND SERVICING AGREEMENT

 

     

     

    

 

	STATE OF MARYLAND	)
	 	:  ss.:
	COUNTY OF HOWARD	)

 

On
the 7th day of November in the year 2019, before me, the undersigned, personally appeared Stacey Gross, proved to me on the basis
of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to
me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument,
the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument, and that such individual
made such appearance before the undersigned.

 

	 	 	/s/
    Andrew Crews
	 	Signature and Office
    of individual taking 

    acknowledgment
	 	 
	This instrument prepared by:	ANDREW CREWS
	 	MY COMMISSION EXPIRES
	Name:	Cadwalader, Wickersham & Taft LLP	NOTARY PUBLIC
	Address:	200 Liberty Street	OCTOBER 27, 2021
	 	New York, New York 10281	CECIL COUNTY, MD

 

CPTS
2019-CPT: TRUST AND SERVICING AGREEMENT

 

     

     

    

 

SCHEDULE I

 

SERVICING CRITERIA TO BE ADDRESSED IN
ASSESSMENT OF COMPLIANCE

 

The assessment of compliance to be delivered
shall address, at a minimum, the criteria identified below as “Relevant Servicing Criteria” (with each Servicing Function
Participant deemed to be responsible for the items applicable to the functions it is performing and for which the party that retained
such Servicing Function Participant is responsible):

	Relevant Servicing Criteria	Applicable Party(ies)
	Reference	Criteria	 
	 	General Servicing Considerations	 
	1122(d)(1)(i)	Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.	
        Master Servicer

        Special Servicer

        

        Certificate Administrator

        

	1122(d)(1)(ii)	If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.	
        Master Servicer

        Special Servicer

         Certificate Administrator 

	1122(d)(1)(iii)	Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.	N/A
	1122(d)(1)(iv)	A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.	Master Servicer

Special Servicer
	1122(d)(1)(v)	Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.	
        Master Servicer

        Special Servicer

         Certificate Administrator 

	 	Cash Collection and Administration	 

 

    Sch. I-1 

    

    

 

	Relevant Servicing Criteria	Applicable Party(ies)
	Reference	Criteria	 

	1122(d)(2)(i)	Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements.	Master Servicer
 Special Servicer

                                                                                 

	1122(d)(2)(ii)	Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	Certificate Administrator
	1122(d)(2)(iii)	Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.	
        Master Servicer

         Trustee

         

	1122(d)(2)(iv)	The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.	
        Master Servicer

        Special Servicer

         Certificate Administrator 

	1122(d)(2)(v)	Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements.  For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.	
        Master Servicer

        Special Servicer

         Certificate Administrator 

	1122(d)(2)(vi)	Unissued checks are safeguarded so as to prevent unauthorized access.	Master Servicer

Special Servicer

 

     -2-

    

    

 

	Relevant Servicing Criteria	Applicable Party(ies)
	Reference	Criteria	 

	1122(d)(2)(vii)	Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts.  These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items.  These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.	
        Master Servicer

        Special Servicer

        

        Certificate Administrator

        

	 	Pool Asset Administration	 
	1122(d)(4)(i)	Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.	
        Master Servicer

        Special Servicer

        

        Custodian

        

	1122(d)(4)(ii)	Mortgage loan and related documents are safeguarded as required by the transaction agreements.	Custodian
	1122(d)(4)(iii)	Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.	Master Servicer

Special Servicer
	1122(d)(4)(iv)	Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Master Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage loan documents.	Master Servicer
	1122(d)(4)(v)	The Master Servicer’s records regarding the mortgage loans agree with the Master Servicer’s records with respect to an obligor’s unpaid principal balance.	Master Servicer
	1122(d)(4)(vi)	Changes with respect to the terms or status of an obligor’s mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.	Master Servicer

Special Servicer

 

     -3-

    

    

 

	Relevant Servicing Criteria	Applicable Party(ies)
	Reference	Criteria	 

	1122(d)(4)(vii)	Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.	Special Servicer

	1122(d)(4)(viii)	Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements.  Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).	Master Servicer

Special Servicer
	1122(d)(4)(ix)	Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents.	Master Servicer
	1122(d)(4)(x)	Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements.	Master Servicer
	1122(d)(4)(xi)	Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.	Master Servicer
	1122(d)(4)(xii)	Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.	Master Servicer

 

     -4-

    

    

 

	Relevant Servicing Criteria	Applicable Party(ies)
	Reference	Criteria	 

	1122(d)(4)(xiii)	Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements.	Master Servicer
	1122(d)(4)(xiv)	Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	Master Servicer
	1122(d)(4)(xv)	Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.	N/A

 

     -5-

    

    

 

SCHEDULE II

 

INITIAL COMPANION LOAN HOLDERS

 

	Initial Companion Loan Holder	Address
	

                                                                                 

                                                                                DBR Investments Co. Limited
 (Note A-1-C1, Note A-1-C2, Note A-1-C3, Note A-1-C4, Note A-1-C5, Note A-1-C6, Note A-1-C7 and Note A-1-C8)
	

                                                                                 

                                                                                DBR Investments Co. Limited 
 60 Wall Street, 10th Floor
 New York, NY  10005
 Attention:  Lainie Kaye
 Facsimile No.:  (212) 797-4489

                                                                                 

	

                                                                                 

                                                                                Morgan Stanley Bank, National Association
 (Note A-2-C2, Note A-2-C5, Note A-1-C6 and Note A-2-C7 Holder)
	
         

        Morgan
        Stanley Bank, National Association

        1585 Broadway

        New York, New York 10036

        Attention Jane Lam

         

        with
        a copy to:

         

        Morgan
        Stanley Bank, National Association

        1633 Broadway, 29th Floor

        New York, New York 10019

        Attention: Legal Compliance Division

         

        and
        a copy by email to:

         

        cmbs_notices@morganstanley.com

         

	

                                                                                 

                                                                                Wells Fargo Bank, National Association
 (Note A-3-C2, Note A-3-C4 and Note A-3-C5 Holder)
	

                                                                                 

                                                                                Wells Fargo Bank, National Association
 375 Park Avenue, 2nd Floor
 J0127-023
 New York, New York 10152
 Attention: A.J. Sfarra
 Email: Anthony.sfarra@wellsfargo.com

 

     Sch. II-1

    

    

 

 

 

EXHIBIT A-1

 

FORM OF CLASS A [RULE 144A]1
[REG S]2 CERTIFICATE

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]3

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]4

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS, AND ONLY (A)(1) PURSUANT
TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (2) FOR SO LONG AS THIS CERTIFICATE IS
ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO AN INSTITUTIONAL INVESTOR THAT
THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (“QUALIFIED
INSTITUTIONAL BUYER”) PURCHASING FOR ITS OWN ACCOUNT, OR A PERSON PURCHASING FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL
BUYER, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (3) IN THE CASE OF

 

 

 

1
For Rule 144A Global Certificates only.

 

2
For Reg S Global Certificates only.

 

3
Legend required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

4
Global Certificate legend.

 

     A-1-1

    

    

 

THE REGULAR CERTIFICATES, TO AN INSTITUTIONAL INVESTOR THAT IS AN “ACCREDITED INVESTOR”
AS SUCH TERM IS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL
OF THE EQUITY OWNERS ARE INSTITUTIONAL INVESTORS THAT ARE “ACCREDITED INVESTORS” AS SUCH TERM IS DEFINED IN RULE 501(a)(1),
(2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT, OR (4) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTION THAT
IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION,” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH,
RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, AND (B) IN ACCORDANCE WITH ANY OTHER APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED
TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. A TRANSFEREE IS ALSO REQUIRED TO DELIVER
AN INVESTMENT REPRESENTATION LETTER SUBSTANTIALLY IN THE FORM OF EXHIBIT D-1 TO THE TRUST AND SERVICING AGREEMENT IF SUCH TRANSFEREE
IS A QUALIFIED INSTITUTIONAL BUYER OR (OTHER THAN WITH RESPECT TO A RESIDUAL CERTIFICATE) AN INSTITUTIONAL ACCREDITED INVESTOR,
AND MAY ALSO BE REQUIRED TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A.

 

THIS CERTIFICATE SHOULD NOT BE PURCHASED
BY A TRANSFEREE THAT IS OR BECOMES (A) AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT, INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN, AS DEFINED
IN SECTION 3(32) OF ERISA, OR OTHER PLAN SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) WHICH IS TO A MATERIAL
EXTENT SIMILAR TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF ERISA OR TO SECTION 4975 OF THE CODE (EACH, A “PLAN”),
OR (B) A PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN (INCLUDING ANY ENTITY WHOSE UNDERLYING ASSETS
INCLUDE PLAN ASSETS BY REASON OF A PLAN’S INVESTMENT IN THE ENTITY (WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATIONS
SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA)), UNLESS (X) THE TRANSFEREE HAS ACQUIRED AND IS HOLDING THIS CERTIFICATE
IN RELIANCE ON THE EXEMPTION GRANTED TO (I) DEUTSCHE BANK SECURITIES INC., AS DEPARTMENT FINAL AUTHORIZATION NUMBER 97-03E, (II)
Wells Fargo Securities, LLC, as Prohibited Transaction Exemption 96-22, AND (IIi)
MORGAN STANLEY & CO. LLC, PROHIBITED

 

     A-1-2

    

    

 

TRANSACTION EXEMPTION 90-24, EACH AS AMENDED BY PROHIBITED TRANSACTION EXEMPTION 2013-08,
(COLLECTIVELY, THE “EXEMPTION”) AND IT UNDERSTANDS THAT THERE ARE CERTAIN CONDITIONS TO THE AVAILABILITY OF THE EXEMPTION,
INCLUDING THAT THIS CERTIFICATE MUST BE RATED, AT THE TIME OF PURCHASE, NOT LOWER THAN “BBB-” (OR ITS EQUIVALENT) BY
A RATING AGENCY SET FORTH THEREIN AND THAT THIS CERTIFICATE IS SO RATED AND IT IS AN “ACCREDITED INVESTOR” AS DEFINED
IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, OR (Y) (1) IT IS
AN INSURANCE COMPANY, (2) THE SOURCE OF FUNDS USED TO ACQUIRE OR HOLD THIS CERTIFICATE OR INTEREST THEREIN IS AN “INSURANCE
COMPANY GENERAL ACCOUNT,” AS SUCH TERM IS DEFINED IN PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60 AND
(3) THE CONDITIONS IN SECTIONS I AND III OF PTCE 95-60 HAVE BEEN SATISFIED WITH RESPECT TO THE ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE OR (Z) IN THE CASE OF A TRANSFEREE WHICH IS SUBJECT TO SIMILAR LAW, ITS ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE WILL NOT RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

 

ANY HOLDER DESIRING TO EFFECT A TRANSFER
OF THIS CERTIFICATE SHALL, AND DOES HEREBY AGREE TO, INDEMNIFY THE CERTIFICATE REGISTRAR, THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE,
THE MASTER SERVICER, THE SPECIAL SERVICER AND THE DEPOSITOR AGAINST ANY LIABILITY THAT MAY RESULT IF THE TRANSFER IS NOT EXEMPT
FROM THE SECURITIES ACT OR IS NOT MADE IN ACCORDANCE WITH FEDERAL AND STATE LAWS.

 

THIS CERTIFICATE DOES NOT REPRESENT
AN OBLIGATION OF OR INTEREST IN THE DEPOSITOR, ANY ORIGINATOR, THE MASTER SERVICER, THE SPECIAL SERVICER, THE CERTIFICATE ADMINISTRATOR,
THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

PRINCIPAL PAYMENTS ON THIS CERTIFICATE
ARE PAYABLE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME
MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

TRANSFERS AND EXCHANGES OF PORTIONS
OF THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS AS PROVIDED IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

FOR U.S. FEDERAL INCOME TAX PURPOSES,
THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN

 

     A-1-3

    

    

 

SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

[THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT AND, PRIOR TO THE DATE THAT IS 40 DAYS AFTER THE OFFERING OF THE CERTIFICATES,
MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.]1

 

 

 

1
For Reg S Global Certificates only.

 

     A-1-4

    

    

 

CPTS 2019-CPT MORTGAGE TRUST COMMERCIAL
MORTGAGE

PASS-THROUGH CERTIFICATES, CLASS A

 

	Class A Pass-Through Rate: A per annum rate equal to 2.865%	 	CUSIP:	
        12654YAA71
 U1265YAA82
 12654YAB53

         

        

        

	 	 	ISIN:	US12654YAA734
 USU1265YAA835
 US12654YAB566
	 	 	 	 
	Original Aggregate Certificate Balance of the Class A Certificates: $354,312,000	 	Initial Certificate Balance of this Certificate: $[______] [FOR GLOBAL CERTIFICATES ONLY: (SUBJECT TO SCHEDULES OF EXCHANGES ATTACHED)]
	 	 	 	 
	First Distribution Date:  December 13, 2019	 	Cut-off Date: November 9, 2019
	 	 	 	 
	Assumed Final Distribution Date: November 2029	 	No.: A- [__]

 

This certifies that [_______]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect
to the Class A Certificates. The Trust Fund, described more fully below, consists primarily of a Trust Loan secured by, among other
things, a first priority mortgage on the fee simple interest in two 44-story, Class A office towers located in Los Angeles, California,
and held in trust by the Trustee and serviced by the Master Servicer. The Trust Fund was created, and the Trust Loan is to be serviced,
pursuant to the Trust and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof,
assents to the terms, provisions and conditions of the Trust and Servicing Agreement and is bound thereby.

 

The Trust and Servicing
Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”), between Deutsche Mortgage &
Asset Receiving Corporation, as depositor (the “Depositor”), Wells Fargo Bank, National Association, as master
servicer (in such capacity, the “Master Servicer”), CWCapital Asset Management LLC, as special servicer (the
“Special Servicer”), Wilmington Trust, National Association, as trustee (the “Trustee”),
and Wells Fargo Bank, National Association, as certificate administrator (in such capacity, the

 

 

 

1
For Rule 144A Certificates.

 

2
For Regulation S Certificates.

 

3
For IAI Certificates.

 

4
For Rule 144A Certificates.

 

5
For Regulation S Certificates.

 

6
For IAI Certificates.

 

     A-1-5

    

    

 

“Certificate Administrator”),
custodian and paying agent, evidences the issuance of the Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class
R, Class LR and Class VRR Certificates (the “Certificates”; the Holders of Certificates issued under the Trust
and Servicing Agreement are collectively referred to herein as “Certificateholders”). This Certificate is issued
pursuant to, and in accordance with, the terms of the Trust and Servicing Agreement. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.

 

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended. Each Holder of this Certificate, by acceptance
hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding
sentence for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured
by income.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and Servicing
Agreement. In the event that there is any conflict between any provision of this Certificate and any provision of the Trust and
Servicing Agreement, such provision of this Certificate shall be superseded by the Trust and Servicing Agreement to the extent
of such inconsistency.

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator, or the Paying Agent on behalf of the Certificate Administrator,
will distribute (other than the final distribution on any Certificate), on the fourth Business Day after each Determination Date
(each such date, a “Distribution Date”) an amount equal to such Person’s pro rata share (based on the
Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then distributable,
if any, allocable to the Class A Certificates for such Distribution Date, all as more fully described in the Trust and Servicing
Agreement. “Determination Date” is defined in the Trust and Servicing Agreement as the 9th day of each calendar month,
or if such 9th day is not a Business Day, then the immediately preceding Business Day, commencing in December 2019. Holders of
this Certificate may be entitled to Prepayment Charges as provided in the Trust and Servicing Agreement.

 

During each Certificate
Interest Accrual Period (as defined below), interest on the Class A Certificates will be calculated based on a 360-day year consisting
of twelve 30-day months, on the outstanding Certificate Balance hereof.

 

Interest accrued on this
Certificate during a Certificate Interest Accrual Period, plus the aggregate unpaid Class Interest Shortfall with respect to this
Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Trust and Servicing Agreement.
The “Certificate Interest Accrual Period” means, with respect to any Distribution Date, the calendar month immediately
preceding the month in which such Distribution Date occurs. The Certificate Interest Accrual Period is assumed to consist of 30
days.

 

     A-1-6

    

    

 

All distributions (other
than the final distribution on any Certificate) will be made by the Paying Agent to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the close of business on the last Business Day of the
calendar month immediately preceding the month in which such Distribution Date occurs. Such distributions shall be made on each
Distribution Date other than the Termination Date to each Certificateholder of record on the related Record Date, by wire transfer
of immediately available funds to the account of such Holder at a bank or other entity located in the United States and having
appropriate facilities therefor; provided that such Holder shall have provided the Paying Agent with wire instructions in
writing at least five Business Days prior to the related Record Date, or, otherwise, by check mailed by first-class mail to the
address set forth therefor in the Certificate Register. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the office of the Certificate Administrator or its agent (which
may be the Paying Agent or the Certificate Registrar acting as such agent) that is specified in the notice to Holders of such final
distribution.

 

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall, on such date, be set
aside and held in trust for the benefit of the appropriate non-tendering Certificateholders. If any Certificates as to which notice
of the Termination Date has been given pursuant to the Trust and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders, at their last addresses shown in the Certificate Register, to surrender their Certificates for
cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one year after the
second notice not all of such Certificates shall have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining non-tendering Certificateholders concerning surrender of their
Certificates. The costs and expenses of holding such funds in trust and of contacting such Certificateholders shall be paid out
of such funds. If within two years after the second notice any such Certificates shall not have been surrendered for cancellation,
the Paying Agent shall pay to the Certificate Administrator all amounts distributable to the Holders thereof, and the Certificate
Administrator shall thereafter hold such amounts for the benefit of such Holders until the earlier of (i) its termination as Certificate
Administrator under the Trust and Servicing Agreement and the transfer of such amounts to a successor certificate administrator
and (ii) the termination of the Trust Fund and distribution of such amounts to the Class R Certificateholders. No interest
shall accrue or be payable to any Certificateholder on any amount held as a result of such Certificateholder’s failure to
surrender its Certificate(s) for final payment thereof in accordance with the Trust and Servicing Agreement. Such funds held by
the Certificate Administrator may be invested under certain circumstances, and all income and gain realized from investment of
such funds shall accrue for its benefit.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Trust Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement.

 

As provided in the Trust
and Servicing Agreement, the Trust Fund includes (in each case, to the extent of the Trust Fund’s interest therein) (i) the
Trust Loan, together with the Mortgage File relating thereto; (ii) all scheduled or unscheduled payments on or collections in

 

     A-1-7

    

    

 

respect
of the Trust Loan due after the Cut-off Date; (iii) any REO Property; (iv) all revenues received in respect of any REO Property;
(v) any indemnities or guaranties given as additional security for the Trust Loan; (vi) a security interest in all assets deposited
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts, and Reserve Accounts; (vii) amounts on deposit in the Collection
Account attributable to the Trust Loan as identified on the Trust Ledger, the Distribution Accounts, the Interest Reserve Account
or the REO Account, including any reinvestment income, as applicable; (viii) a security interest in any environmental indemnity
agreements relating to the Mortgaged Property; (ix) a security interest in all insurance policies with respect to the Trust Loan
and the Mortgaged Property; (x) the rights and remedies under the Trust Loan Purchase Agreements relating to document delivery
requirements with respect to the Trust Loan and the representations and warranties of the Trust Loan Sellers regarding the Trust
Loan; (xi) the Lower-Tier Regular Interests; and (xii) the proceeds of the foregoing (other than any interest earned on deposits
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts and any Reserve Accounts, to the extent such interest belongs
to the Borrower). As provided in the Trust and Servicing Agreement, withdrawals may be made from certain of the above-accounts
for purposes other than distributions to Certificateholders.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator.

 

As provided in the Trust
and Servicing Agreement and subject to certain limitations set forth therein, this Certificate is transferable or exchangeable
only upon surrender of this Certificate to the Certificate Registrar at its offices together with an assignment and transfer (executed
by the Holder or his duly authorized attorney), subject to the requirements in Article V of the Trust and Servicing Agreement.
Upon surrender for registration of transfer of this Certificate, subject to the requirements Article V of the Trust and Servicing
Agreement, the Certificate Administrator shall execute and the Authenticating Agent shall duly authenticate in the name of the
designated transferee or transferees, one or more new Certificates in authorized denominations of a like aggregate denomination
as the Certificate being surrendered. Such Certificates shall be delivered by the Certificate Registrar in accordance with Article
V of the Trust and Servicing Agreement.

 

Prior to due presentation
of this Certificate for registration of transfer, the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Certificate Registrar, any Paying Agent and any agent of any of them may treat the Person in whose name this Certificate
is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Certificate Registrar, any Paying Agent or any agent of any of them shall be affected by notice
or knowledge to the contrary.

 

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange referred
to in Section 5.02 of the Trust and Servicing Agreement other than for transfers to Institutional Accredited Investors as provided
in Section 5.02(h) of the Trust and Servicing Agreement. In connection with any transfer to an Institutional Accredited Investor,
the transferor shall reimburse the Trust Fund for

 

     A-1-8

    

    

 

any costs (including the cost of the Certificate Registrar’s counsel’s
review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate Registrar as provided
in the Trust and Servicing Agreement) incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar
may require payment by each transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection
with any such transfer.

 

The Trust and Servicing
Agreement or any Custodial Agreement may be amended at any time by the Depositor, the Master Servicer, the Special Servicer, the
Certificate Administrator and the Trustee without the consent of any of the Certificateholders or the Companion Loan Holders, (i)
to cure any ambiguity or to correct any error; (ii) to cause the provisions of the Trust and Servicing Agreement to conform or
be consistent with or in furtherance of the statements made in the Offering Circular with respect to the Certificates, the Trust
or the Trust and Servicing Agreement or to correct or supplement any provisions of the Trust and Servicing Agreement or the Offering
Circular which may be defective or inconsistent with any other provisions of the Trust and Servicing Agreement or the Offering
Circular; (iii) to amend any provision of the Trust and Servicing Agreement to the extent necessary or desirable to maintain the
rating or ratings assigned to each of the Classes of Certificates or Companion Loan Securities by each Rating Agency (provided
that such amendment does not adversely affect in any material respect (x) the rights or interests of any Certificateholder or Companion
Loan Holder not consenting thereto or (y) the rights or interests of the Directing Holder without the consent of the Holders of
Certificates representing 100% of the Controlling Class); (iv) to amend or supplement a provision, or to supplement any other provisions
to the extent not inconsistent with the provisions of the Trust and Servicing Agreement, or any other change that will not adversely
affect in any material respect the interests of any Certificateholder or Companion Loan Holder not consenting thereto (as evidenced
in writing by an Opinion of Counsel or, if solely affecting any Certificateholder of a rated Class or a Companion Loan Holder of
rated Companion Loan Securities, in respect of which a No Downgrade Confirmation has been obtained relating to the Certificates
or the Companion Loan Securities, if applicable); (v) to modify, eliminate or add to any of its provisions in the event the Credit
Risk Retention Rules or any other regulations applicable to the risk retention requirements for this securitization transaction
are amended or repealed in whole or in part, to the extent required to comply with any such amendment or, to the extent applicable,
to modify or eliminate the affected provision(s) related to the risk retention requirements in the event of such repeal; and (vi)
to modify the procedures of the Trust and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act; provided
that such modification would not (a) materially increase the obligations or decrease the rights of the Depositor, the Trustee,
the Paying Agent, the Certificate Administrator, the 17g-5 Information Provider, the Master Servicer or the Special Servicer without
such parties’ consent, (b) reduce the consent or consultation rights or the right to receive information under the Trust
and Servicing Agreement of the Directing Holder without the consent of the Directing Holder or (c) adversely affect in any material
respect the interests of any Certificateholders or any Companion Loan Holder not consenting thereto, as evidenced by in the case
of clauses (iii), (iv) and (vi) above by (x) an Opinion of Counsel or (y) solely in the case of a Certificateholder of a rated
Class, receipt of a No Downgrade Confirmation from each Rating Agency and a No Downgrade Confirmation with respect to any Companion
Loan Securities. In no event shall any such amendment cause the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as
a REMIC or subject either REMIC to tax.

 

     A-1-9

    

    

 

The Trust and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator and the Trustee with the prior written consent of the Holders of Certificates representing not less
than 66-2/3% of the Percentage Interests of each Class of Certificates (without regard to Certificates held by the Depositor, any
of the Depositor’s Affiliates and/or agents or the Trust Loan Sellers) and the Companion Loan Holders affected thereby for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment may:

 

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Whole Loan
which are required to be distributed on any Certificate, without the consent of the Holders of Certificates representing all of
the Percentage Interests of the Class or Classes affected thereby or which are required to be distributed to any Companion Loan
Holders without the consent of such Companion Loan Holder;

 

		(ii)	alter the Servicing Standard or obligations of the Master Servicer or the Trustee to make a P&I
Advance, Administrative Advance or a Property Advance, without the consent of the Holders of the Certificates representing all
of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected Companion Loan Holder);

 

		(iii)	change the percentages of Voting Rights or Percentage Interests of Holders of Certificates which
are required to consent to any action or inaction under the Trust and Servicing Agreement without the consent of the Holders of
Certificates representing all of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected
Companion Loan Holder; or

 

		(iv)	amend any section of the Trust and Servicing Agreement which relates to the amendment of the Trust
and Servicing Agreement without the consent of the Holders of all Certificates representing all of the Percentage Interests of
the Class or Classes affected thereby and the consent of any affected Companion Loan Holder.

 

Further, the Depositor,
the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee, at any time and from time to time, without
the consent of the Certificateholders or the Companion Loan Holders, may amend the Trust and Servicing Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be necessary: (i) to maintain the qualification of the Lower-Tier REMIC
or the Upper-Tier REMIC as a REMIC, or to prevent the imposition of any additional material state or local taxes, at all times
that any Certificates are outstanding; provided that such action, as evidenced by an Opinion of Counsel (obtained at the
expense of the Trust Fund), is necessary or helpful to maintain such qualification or to prevent the imposition of any such taxes,
and would not adversely affect in any material respect the interest of any Certificateholder or the Companion

 

     A-1-10

    

    

 

Loan Holders or (ii)
to comply with the Investment Company Act of 1940, as amended, and/or any related regulatory actions and/or interpretations.

 

The Directing Holder
and, if the Directing Holder does not exercise such option, then the Special Servicer and if the Special Servicer does not exercise
such option, then the Master Servicer, and if the Master Servicer does not exercise such option, then the Holder
of a majority Percentage Interest in the Class R and Class LR Certificates, may effect an early termination of the Trust Fund (provided
that such party has provided 15 Business Days’ prior notice to each of the parties with such option and none of the parties
with a higher priority has elected to exercise such option within such 15 Business Day period), upon not less than 30 days’
prior Notice of Termination (which Notice of Termination shall satisfy the notice requirement of the proviso) given to the Trustee,
the Certificate Administrator, the Special Servicer and the Master Servicer any time on or after the Early Termination Notice Date
specifying the Anticipated Final Termination Date, by purchasing on such date all, but not less than all, of the Trust Loan then
included in the Trust Fund, and the Trust’s interest in all property acquired in respect of the Trust Loan, at a purchase
price, payable in cash, equal to the greater of,

 

(i)            the
sum of, without duplication:

 

		(A)	100% the outstanding principal balance of the Trust Loan as of the last day of the month preceding
such Anticipated Final Termination Date (less any P&I Advances previously made on account of principal);

 

		(B)	the fair market value of all other property included in the Trust Fund as of the last day of the
month preceding such Anticipated Final Termination Date, as determined by an Independent appraiser acceptable to the Master Servicer
as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date;

 

		(C)	all unpaid interest accrued on the outstanding principal balance of the Trust Loan (including circumstances
where title to the Mortgaged Property has been acquired) at the Trust Loan Rate to the last day of the Whole Loan Interest
Accrual Period preceding such Anticipated Final Termination Date (less any P&I Advances previously made on account of interest);

 

		(D)	the aggregate amount of unreimbursed Advances, with interest thereon at the Advance Rate, unpaid
Servicing Compensation, Special Servicing Compensation, Trustee/Certificate Administrator Fees, the CREFC® License
Fee and Trust Fund expenses and indemnity amounts owed by the Trust; and

 

(ii)           the
aggregate fair market value of the Trust Loan, and all other property acquired in respect of the Trust Loan in the Trust Fund,
on the last day of the month preceding such Distribution Date, as determined by an Independent appraiser acceptable

 

     A-1-11

    

    

 

to the Master
Servicer as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date, together with
one month’s interest thereon at the Trust Loan Rate.

 

In addition, the Trust
and Servicing Agreement provides that the Sole Owner shall have the right to exchange all of its Certificates for the Trust Loan
or REO Property, as applicable, as contemplated by clause (ii) of Section 9.01(a) of the Trust and Servicing Agreement by
giving written notice to all the parties to the Trust and Servicing Agreement no later than 60 days prior to the anticipated date
of exchange.

 

All costs and expenses
incurred by any and all parties to the Trust and Servicing Agreement or by the Trust Fund in connection with the purchase of the
Trust Loan and the other assets of the Trust Fund pursuant to Section 9.01(c) of the Trust and Servicing Agreement shall be
borne by the party exercising its purchase rights thereunder. The Trustee and the Certificate Administrator shall be entitled to
rely conclusively on any determination made by an Independent appraiser pursuant to Section 9.01(c) of the Trust and Servicing
Agreement.

 

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator and the Trustee
created by the Trust and Servicing Agreement with respect to the Certificates (other than the obligations of the Certificate Administrator
to make certain payments and to send certain notices to Certificateholders as set forth in the Trust and Servicing Agreement) shall
terminate upon payment (or provision for payment) to the Certificateholders and the Companion Loan Holders of all amounts held
by or on behalf of the Trustee, the Certificate Administrator and the Master Servicer, as the case may be, required under the Trust
and Servicing Agreement to be so paid on the Distribution Date following the earlier to occur of (i) the purchase of the Trust
Loan and all other property held by the Trust Fund in accordance with Section 9.01(c) of the Trust and Servicing Agreement;
(ii) the exchange by the Sole Owner of its Certificates for the Trust Loan in accordance with Section 9.01(g) of the
Trust and Servicing Agreement and (iii) the later of (a) the receipt or collection of the last payment due on the Trust
Loan included in the Trust Fund, or (b) the liquidation and disposition pursuant to the Trust and Servicing Agreement of the
last asset held by the Trust Fund; provided, however, that in no event shall the trust created by the Trust and Servicing
Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P.
Kennedy, the late Ambassador of the United States to the United Kingdom, living on the date hereof.

 

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement and reference is made to that agreement for information with respect
to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of
the parties thereto.  This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust
and Servicing Agreement, to which Trust and Servicing Agreement, as amended from time to time, the Holder of this Certificate by
virtue of the

 

     A-1-12

    

    

 

acceptance hereof assents and by which such Holder is bound.  In the case of any conflict between terms specified
in this Certificate and terms specified in the Trust and Servicing Agreement, the terms of the Trust and Servicing Agreement shall
govern.

 

     A-1-13

    

    

 

IN WITNESS WHEREOF, the
Certificate Administrator has caused this Class A Certificate to be duly executed.

 

Dated: _____________ 

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Certificate Administrator
	 	 	 
		By:	 
	 	 	Name:

Title:

 

Certificate of Authentication

 

This is one of the Class
A Certificates referred to in the Trust and Servicing Agreement.

 

Dated: ____________

 

	 	WELLS FARGO
BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Authenticating Agent
	 	 	 
		By:	 
	 	 	Name:

Title:

 

     A-1-14

    

    

 

[TO BE ATTACHED TO GLOBAL CERTIFICATES]
SCHEDULE OF EXCHANGES OF GLOBAL CERTIFICATES

 

The following exchanges of a part of this
Global Certificate have been made:

 

     A-1-15

    

    

 

EXHIBIT A-2

 

FORM OF CLASS X [RULE 144A]1
[REG S]2 CERTIFICATE

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]3

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]4

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS, AND ONLY (A)(1) PURSUANT
TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (2) FOR SO LONG AS THIS CERTIFICATE IS
ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO AN INSTITUTIONAL INVESTOR THAT
THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (“QUALIFIED
INSTITUTIONAL BUYER”) PURCHASING FOR ITS OWN ACCOUNT, OR A PERSON PURCHASING FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL
BUYER, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (3) IN THE CASE OF

 

 

 

1
For Rule 144A Global Certificates only.

 

2
For Reg S Global Certificates only.

 

3
Legend required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

4
Global Certificate legend.

 

     A-2-1

    

    

 

THE REGULAR CERTIFICATES, TO AN INSTITUTIONAL INVESTOR THAT IS AN “ACCREDITED INVESTOR”
AS SUCH TERM IS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL
OF THE EQUITY OWNERS ARE INSTITUTIONAL INVESTORS THAT ARE “ACCREDITED INVESTORS” AS SUCH TERM IS DEFINED IN RULE 501(a)(1),
(2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT, OR (4) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTION THAT
IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION,” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH,
RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, AND (B) IN ACCORDANCE WITH ANY OTHER APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED
TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. A TRANSFEREE IS ALSO REQUIRED TO DELIVER
AN INVESTMENT REPRESENTATION LETTER SUBSTANTIALLY IN THE FORM OF EXHIBIT D-1 TO THE TRUST AND SERVICING AGREEMENT IF SUCH TRANSFEREE
IS A QUALIFIED INSTITUTIONAL BUYER OR (OTHER THAN WITH RESPECT TO A RESIDUAL CERTIFICATE) AN INSTITUTIONAL ACCREDITED INVESTOR,
AND MAY ALSO BE REQUIRED TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A.

 

THIS CERTIFICATE SHOULD NOT BE PURCHASED
BY A TRANSFEREE THAT IS OR BECOMES (A) AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT, INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN, AS DEFINED
IN SECTION 3(32) OF ERISA, OR OTHER PLAN SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) WHICH IS TO A MATERIAL
EXTENT SIMILAR TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF ERISA OR TO SECTION 4975 OF THE CODE (EACH, A “PLAN”),
OR (B) A PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN (INCLUDING ANY ENTITY WHOSE UNDERLYING ASSETS
INCLUDE PLAN ASSETS BY REASON OF A PLAN’S INVESTMENT IN THE ENTITY (WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATIONS
SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA)), UNLESS (X) THE TRANSFEREE HAS ACQUIRED AND IS HOLDING THIS CERTIFICATE
IN RELIANCE ON THE EXEMPTION GRANTED TO (I) DEUTSCHE BANK SECURITIES INC., AS DEPARTMENT FINAL AUTHORIZATION NUMBER 97-03E, (II)
Wells Fargo Securities, LLC, as Prohibited Transaction Exemption 96-22, AND (IIi)
MORGAN STANLEY & CO. LLC, PROHIBITED

 

     A-2-2

    

    

 

TRANSACTION EXEMPTION 90-24, EACH AS AMENDED BY PROHIBITED TRANSACTION EXEMPTION 2013-08,
(COLLECTIVELY, THE “EXEMPTION”) AND IT UNDERSTANDS THAT THERE ARE CERTAIN CONDITIONS TO THE AVAILABILITY OF THE EXEMPTION,
INCLUDING THAT THIS CERTIFICATE MUST BE RATED, AT THE TIME OF PURCHASE, NOT LOWER THAN “BBB-” (OR ITS EQUIVALENT) BY
A RATING AGENCY SET FORTH THEREIN AND THAT THIS CERTIFICATE IS SO RATED AND IT IS AN “ACCREDITED INVESTOR” AS DEFINED
IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, OR (Y) (1) IT IS
AN INSURANCE COMPANY, (2) THE SOURCE OF FUNDS USED TO ACQUIRE OR HOLD THIS CERTIFICATE OR INTEREST THEREIN IS AN “INSURANCE
COMPANY GENERAL ACCOUNT,” AS SUCH TERM IS DEFINED IN PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60 AND
(3) THE CONDITIONS IN SECTIONS I AND III OF PTCE 95-60 HAVE BEEN SATISFIED WITH RESPECT TO THE ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE OR (Z) IN THE CASE OF A TRANSFEREE WHICH IS SUBJECT TO SIMILAR LAW, ITS ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE WILL NOT RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

 

ANY HOLDER DESIRING TO EFFECT A TRANSFER
OF THIS CERTIFICATE SHALL, AND DOES HEREBY AGREE TO, INDEMNIFY THE CERTIFICATE REGISTRAR, THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE,
THE MASTER SERVICER, THE SPECIAL SERVICER AND THE DEPOSITOR AGAINST ANY LIABILITY THAT MAY RESULT IF THE TRANSFER IS NOT EXEMPT
FROM THE SECURITIES ACT OR IS NOT MADE IN ACCORDANCE WITH FEDERAL AND STATE LAWS.

 

THIS CERTIFICATE DOES NOT REPRESENT
AN OBLIGATION OF OR INTEREST IN THE DEPOSITOR, ANY ORIGINATOR, THE MASTER SERVICER, THE SPECIAL SERVICER, THE CERTIFICATE ADMINISTRATOR,
THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

THE HOLDERS OF THIS CLASS X CERTIFICATE
WILL BE ENTITLED ONLY TO DISTRIBUTIONS OF INTEREST ON THE NOTIONAL BALANCE OF THE CLASS X CERTIFICATES AND WILL NOT BE ENTITLED
TO ANY OF THE DISTRIBUTIONS WITH RESPECT TO PRINCIPAL. THE NOTIONAL BALANCE OF THE CLASS X CERTIFICATES IS EQUAL TO AN AMOUNT AS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW. ACCORDINGLY, THE OUTSTANDING NOTIONAL BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL BALANCE SET FORTH BELOW.

 

TRANSFERS AND EXCHANGES OF PORTIONS
OF THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS AS PROVIDED IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

     A-2-3

    

    

 

FOR U.S. FEDERAL INCOME TAX PURPOSES,
THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

[THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT AND, PRIOR TO THE DATE THAT IS 40 DAYS AFTER THE OFFERING OF THE CERTIFICATES,
MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.]1

 

 

 

1
For Reg S Global Certificates only.

 

     A-2-4

    

    

 

CPTS 2019-CPT MORTGAGE TRUST COMMERCIAL
MORTGAGE

PASS-THROUGH CERTIFICATES, CLASS X

 

	Class X Pass-Through Rate: Variable	 	CUSIP:	
        12654YAC31

        U1265YAB62

        12654YAD13

         

        

	 	 	ISIN:	US12654YAC304

USU1265YAB665

US12654YAD136 
	 	 	 	 
	Original Aggregate Notional Balance of the Class X Certificates: $354,312,000	 	Initial Notional Balance of this Certificate: $[______] [FOR GLOBAL CERTIFICATES ONLY: (SUBJECT TO SCHEDULES OF EXCHANGES ATTACHED)]
	 	 	 
	First Distribution Date: December 13, 2019	 	Cut-off Date: November 9, 2019
	 	 	 
	Assumed Final Distribution Date: November 2029	 	No.: X - [__]

 

This certifies that [_______]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect
to the Class X Certificates. The Trust Fund, described more fully below, consists primarily of a Trust Loan secured by, among other
things, a first priority mortgage on the fee simple interest in two 44-story, Class A office towers located in Los Angeles, California,
and held in trust by the Trustee and serviced by the Master Servicer. The Trust Fund was created, and the Trust Loan is to be serviced,
pursuant to the Trust and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof,
assents to the terms, provisions and conditions of the Trust and Servicing Agreement and is bound thereby.

 

The Trust and Servicing
Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”), between Deutsche Mortgage &
Asset Receiving Corporation, as depositor (the “Depositor”), Wells Fargo Bank, National Association, as master
servicer (in such capacity, the “Master Servicer”), CWCapital Asset Management LLC, as special servicer (the
“Special Servicer”), Wilmington Trust, National Association, as trustee (the “Trustee”),
and Wells Fargo Bank, National Association, as certificate administrator (in such capacity, the

 

 

 

1
For Rule 144A Certificates.

 

2
For Regulation S Certificates.

 

3
For IAI Certificates.

 

4
For Rule 144A Certificates.

 

5
For Regulation S Certificates.

 

6
For IAI Certificates.

 

     A-2-5

    

    

 

“Certificate Administrator”),
custodian and paying agent, evidences the issuance of the Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class
R, Class LR and Class VRR Certificates (the “Certificates”; the Holders of Certificates issued under the Trust
and Servicing Agreement are collectively referred to herein as “Certificateholders”). This Certificate is issued
pursuant to, and in accordance with, the terms of the Trust and Servicing Agreement. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.

 

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended. Each Holder of this Certificate, by acceptance
hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding
sentence for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured
by income.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and Servicing
Agreement. In the event that there is any conflict between any provision of this Certificate and any provision of the Trust and
Servicing Agreement, such provision of this Certificate shall be superseded by the Trust and Servicing Agreement to the extent
of such inconsistency.

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator, or the Paying Agent on behalf of the Certificate Administrator,
will distribute (other than the final distribution on any Certificate), on the fourth Business Day after each Determination Date
(each such date, a “Distribution Date”) an amount equal to such Person’s pro rata share (based on the
Percentage Interest represented by this Certificate) of that portion of the aggregate amount of interest then distributable, if
any, allocable to the Class X Certificates for such Distribution Date, all as more fully described in the Trust and Servicing Agreement.
“Determination Date” is defined in the Trust and Servicing Agreement as the 9th day of each calendar month, or if such
9th day is not a Business Day, then the immediately preceding Business Day, commencing in December 2019. Holders of this Certificate
may be entitled to Prepayment Charges as provided in the Trust and Servicing Agreement.

 

During each Certificate
Interest Accrual Period (as defined below), interest on the Class X Certificates will be calculated based on a 360-day year consisting
of twelve 30-day months, on the outstanding Certificate Balance hereof.

 

Interest accrued on this
Certificate during a Certificate Interest Accrual Period, plus the aggregate unpaid Class Interest Shortfall with respect to this
Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Trust and Servicing Agreement.
The “Certificate Interest Accrual Period” means, with respect to any Distribution Date, the calendar month immediately
preceding the month in which such Distribution Date occurs. The Certificate Interest Accrual Period is assumed to consist of 30
days.

 

     A-2-6

    

    

 

All distributions (other
than the final distribution on any Certificate) will be made by the Paying Agent to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the close of business on the last Business Day of the
calendar month immediately preceding the month in which such Distribution Date occurs. Such distributions shall be made on each
Distribution Date other than the Termination Date to each Certificateholder of record on the related Record Date, by wire transfer
of immediately available funds to the account of such Holder at a bank or other entity located in the United States and having
appropriate facilities therefor; provided that such Holder shall have provided the Paying Agent with wire instructions in
writing at least five Business Days prior to the related Record Date, or, otherwise, by check mailed by first-class mail to the
address set forth therefor in the Certificate Register. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the office of the Certificate Administrator or its agent (which
may be the Paying Agent or the Certificate Registrar acting as such agent) that is specified in the notice to Holders of such final
distribution.

 

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall, on such date, be set
aside and held in trust for the benefit of the appropriate non-tendering Certificateholders. If any Certificates as to which notice
of the Termination Date has been given pursuant to the Trust and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders, at their last addresses shown in the Certificate Register, to surrender their Certificates for
cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one year after the
second notice not all of such Certificates shall have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining non-tendering Certificateholders concerning surrender of their
Certificates. The costs and expenses of holding such funds in trust and of contacting such Certificateholders shall be paid out
of such funds. If within two years after the second notice any such Certificates shall not have been surrendered for cancellation,
the Paying Agent shall pay to the Certificate Administrator all amounts distributable to the Holders thereof, and the Certificate
Administrator shall thereafter hold such amounts for the benefit of such Holders until the earlier of (i) its termination as Certificate
Administrator under the Trust and Servicing Agreement and the transfer of such amounts to a successor certificate administrator
and (ii) the termination of the Trust Fund and distribution of such amounts to the Class R Certificateholders. No interest
shall accrue or be payable to any Certificateholder on any amount held as a result of such Certificateholder’s failure to
surrender its Certificate(s) for final payment thereof in accordance with the Trust and Servicing Agreement. Such funds held by
the Certificate Administrator may be invested under certain circumstances, and all income and gain realized from investment of
such funds shall accrue for its benefit.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Trust Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement.

 

As provided in the Trust
and Servicing Agreement, the Trust Fund includes (in each case, to the extent of the Trust Fund’s interest therein) (i) the
Trust Loan, together with the Mortgage File relating thereto; (ii) all scheduled or unscheduled payments on or collections in

 

     A-2-7

    

    

 

respect
of the Trust Loan due after the Cut-off Date; (iii) any REO Property; (iv) all revenues received in respect of any REO Property;
(v) any indemnities or guaranties given as additional security for the Trust Loan; (vi) a security interest in all assets deposited
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts, and Reserve Accounts; (vii) amounts on deposit in the Collection
Account attributable to the Trust Loan as identified on the Trust Ledger, the Distribution Accounts, the Interest Reserve Account
or the REO Account, including any reinvestment income, as applicable; (viii) a security interest in any environmental indemnity
agreements relating to the Mortgaged Property; (ix) a security interest in all insurance policies with respect to the Trust Loan
and the Mortgaged Property; (x) the rights and remedies under the Trust Loan Purchase Agreements relating to document delivery
requirements with respect to the Trust Loan and the representations and warranties of the Trust Loan Sellers regarding the Trust
Loan; (xi) the Lower-Tier Regular Interests; and (xii) the proceeds of the foregoing (other than any interest earned on deposits
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts and any Reserve Accounts, to the extent such interest belongs
to the Borrower). As provided in the Trust and Servicing Agreement, withdrawals may be made from certain of the above-accounts
for purposes other than distributions to Certificateholders.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator.

 

As provided in the Trust
and Servicing Agreement and subject to certain limitations set forth therein, this Certificate is transferable or exchangeable
only upon surrender of this Certificate to the Certificate Registrar at its offices together with an assignment and transfer (executed
by the Holder or his duly authorized attorney), subject to the requirements in Article V of the Trust and Servicing Agreement.
Upon surrender for registration of transfer of this Certificate, subject to the requirements Article V of the Trust and Servicing
Agreement, the Certificate Administrator shall execute and the Authenticating Agent shall duly authenticate in the name of the
designated transferee or transferees, one or more new Certificates in authorized denominations of a like aggregate denomination
as the Certificate being surrendered. Such Certificates shall be delivered by the Certificate Registrar in accordance with Article
V of the Trust and Servicing Agreement.

 

Prior to due presentation
of this Certificate for registration of transfer, the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Certificate Registrar, any Paying Agent and any agent of any of them may treat the Person in whose name this Certificate
is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Certificate Registrar, any Paying Agent or any agent of any of them shall be affected by notice
or knowledge to the contrary.

 

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange referred
to in Section 5.02 of the Trust and Servicing Agreement other than for transfers to Institutional Accredited Investors as provided
in Section 5.02(h) of the Trust and Servicing Agreement. In connection with any transfer to an Institutional Accredited Investor,
the transferor shall reimburse the Trust Fund for

 

     A-2-8

    

    

 

any costs (including the cost of the Certificate Registrar’s counsel’s
review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate Registrar as provided
in the Trust and Servicing Agreement) incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar
may require payment by each transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection
with any such transfer.

 

The Trust and Servicing
Agreement or any Custodial Agreement may be amended at any time by the Depositor, the Master Servicer, the Special Servicer, the
Certificate Administrator and the Trustee without the consent of any of the Certificateholders or the Companion Loan Holders, (i)
to cure any ambiguity or to correct any error; (ii) to cause the provisions of the Trust and Servicing Agreement to conform or
be consistent with or in furtherance of the statements made in the Offering Circular with respect to the Certificates, the Trust
or the Trust and Servicing Agreement or to correct or supplement any provisions of the Trust and Servicing Agreement or the Offering
Circular which may be defective or inconsistent with any other provisions of the Trust and Servicing Agreement or the Offering
Circular; (iii) to amend any provision of the Trust and Servicing Agreement to the extent necessary or desirable to maintain the
rating or ratings assigned to each of the Classes of Certificates or Companion Loan Securities by each Rating Agency (provided
that such amendment does not adversely affect in any material respect (x) the rights or interests of any Certificateholder or Companion
Loan Holder not consenting thereto or (y) the rights or interests of the Directing Holder without the consent of the Holders of
Certificates representing 100% of the Controlling Class); (iv) to amend or supplement a provision, or to supplement any other provisions
to the extent not inconsistent with the provisions of the Trust and Servicing Agreement, or any other change that will not adversely
affect in any material respect the interests of any Certificateholder or Companion Loan Holder not consenting thereto (as evidenced
in writing by an Opinion of Counsel or, if solely affecting any Certificateholder of a rated Class or a Companion Loan Holder of
rated Companion Loan Securities, in respect of which a No Downgrade Confirmation has been obtained relating to the Certificates
or the Companion Loan Securities, if applicable); (v) to modify, eliminate or add to any of its provisions in the event the Credit
Risk Retention Rules or any other regulations applicable to the risk retention requirements for this securitization transaction
are amended or repealed in whole or in part, to the extent required to comply with any such amendment or, to the extent applicable,
to modify or eliminate the affected provision(s) related to the risk retention requirements in the event of such repeal; and (vi)
to modify the procedures of the Trust and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act; provided
that such modification would not (a) materially increase the obligations or decrease the rights of the Depositor, the Trustee,
the Paying Agent, the Certificate Administrator, the 17g-5 Information Provider, the Master Servicer or the Special Servicer without
such parties’ consent, (b) reduce the consent or consultation rights or the right to receive information under the Trust
and Servicing Agreement of the Directing Holder without the consent of the Directing Holder or (c) adversely affect in any material
respect the interests of any Certificateholders or any Companion Loan Holder not consenting thereto, as evidenced by in the case
of clauses (iii), (iv) and (vi) above by (x) an Opinion of Counsel or (y) solely in the case of a Certificateholder of a rated
Class, receipt of a No Downgrade Confirmation from each Rating Agency and a No Downgrade Confirmation with respect to any Companion
Loan Securities. In no event shall any such amendment cause the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as
a REMIC or subject either REMIC to tax.

 

     A-2-9

    

    

 

The Trust and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator and the Trustee with the prior written consent of the Holders of Certificates representing not less
than 66-2/3% of the Percentage Interests of each Class of Certificates (without regard to Certificates held by the Depositor, any
of the Depositor’s Affiliates and/or agents or the Trust Loan Sellers) and the Companion Loan Holders affected thereby for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment may:

 

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Whole Loan
which are required to be distributed on any Certificate, without the consent of the Holders of Certificates representing all of
the Percentage Interests of the Class or Classes affected thereby or which are required to be distributed to any Companion Loan
Holders without the consent of such Companion Loan Holder;

 

		(ii)	alter the Servicing Standard or obligations of the Master Servicer or the Trustee to make a P&I
Advance, Administrative Advance or a Property Advance, without the consent of the Holders of the Certificates representing all
of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected Companion Loan Holder);

 

		(iii)	change the percentages of Voting Rights or Percentage Interests of Holders of Certificates which
are required to consent to any action or inaction under the Trust and Servicing Agreement without the consent of the Holders of
Certificates representing all of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected
Companion Loan Holder; or

 

		(iv)	amend any section of the Trust and Servicing Agreement which relates to the amendment of the Trust
and Servicing Agreement without the consent of the Holders of all Certificates representing all of the Percentage Interests of
the Class or Classes affected thereby and the consent of any affected Companion Loan Holder.

 

Further, the Depositor,
the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee, at any time and from time to time, without
the consent of the Certificateholders or the Companion Loan Holders, may amend the Trust and Servicing Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be necessary: (i) to maintain the qualification of the Lower-Tier REMIC
or the Upper-Tier REMIC as a REMIC, or to prevent the imposition of any additional material state or local taxes, at all times
that any Certificates are outstanding; provided that such action, as evidenced by an Opinion of Counsel (obtained at the
expense of the Trust Fund), is necessary or helpful to maintain such qualification or to prevent the imposition of any such taxes,
and would not adversely affect in any material respect the interest of any Certificateholder or the Companion

 

     A-2-10

    

    

 

Loan Holders or (ii)
to comply with the Investment Company Act of 1940, as amended, and/or any related regulatory actions and/or interpretations.

 

The Directing Holder
and, if the Directing Holder does not exercise such option, then the Special Servicer and if the Special Servicer does not exercise
such option, then the Master Servicer, and if the Master Servicer does not exercise such option, then the Holder
of a majority Percentage Interest in the Class R and Class LR Certificates, may effect an early termination of the Trust Fund (provided
that such party has provided 15 Business Days’ prior notice to each of the parties with such option and none of the parties
with a higher priority has elected to exercise such option within such 15 Business Day period), upon not less than 30 days’
prior Notice of Termination (which Notice of Termination shall satisfy the notice requirement of the proviso) given to the Trustee,
the Certificate Administrator, the Special Servicer and the Master Servicer any time on or after the Early Termination Notice Date
specifying the Anticipated Final Termination Date, by purchasing on such date all, but not less than all, of the Trust Loan then
included in the Trust Fund, and the Trust’s interest in all property acquired in respect of the Trust Loan, at a purchase
price, payable in cash, equal to the greater of,

 

(i)            the
sum of, without duplication:

 

		(A)	100% the outstanding principal balance of the Trust Loan as of the last day of the month preceding
such Anticipated Final Termination Date (less any P&I Advances previously made on account of principal);

 

		(B)	the fair market value of all other property included in the Trust Fund as of the last day of the
month preceding such Anticipated Final Termination Date, as determined by an Independent appraiser acceptable to the Master Servicer
as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date;

 

		(C)	all unpaid interest accrued on the outstanding principal balance of the Trust Loan (including circumstances
where title to the Mortgaged Property has been acquired) at the Trust Loan Rate to the last day of the Whole Loan Interest
Accrual Period preceding such Anticipated Final Termination Date (less any P&I Advances previously made on account of interest);

 

		(D)	the aggregate amount of unreimbursed Advances, with interest thereon at the Advance Rate, unpaid
Servicing Compensation, Special Servicing Compensation, Trustee/Certificate Administrator Fees, the CREFC® License
Fee and Trust Fund expenses and indemnity amounts owed by the Trust; and

 

(ii)           the
aggregate fair market value of the Trust Loan, and all other property acquired in respect of the Trust Loan in the Trust Fund,
on the last day of the month preceding such Distribution Date, as determined by an Independent appraiser acceptable

 

     A-2-11

    

    

 

to the Master
Servicer as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date, together with
one month’s interest thereon at the Trust Loan Rate.

 

In addition, the Trust
and Servicing Agreement provides that the Sole Owner shall have the right to exchange all of its Certificates for the Trust Loan
or REO Property, as applicable, as contemplated by clause (ii) of Section 9.01(a) of the Trust and Servicing Agreement by
giving written notice to all the parties to the Trust and Servicing Agreement no later than 60 days prior to the anticipated date
of exchange.

 

All costs and expenses
incurred by any and all parties to the Trust and Servicing Agreement or by the Trust Fund in connection with the purchase of the
Trust Loan and the other assets of the Trust Fund pursuant to Section 9.01(c) of the Trust and Servicing Agreement shall be
borne by the party exercising its purchase rights thereunder. The Trustee and the Certificate Administrator shall be entitled to
rely conclusively on any determination made by an Independent appraiser pursuant to Section 9.01(c) of the Trust and Servicing
Agreement.

 

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator and the Trustee
created by the Trust and Servicing Agreement with respect to the Certificates (other than the obligations of the Certificate Administrator
to make certain payments and to send certain notices to Certificateholders as set forth in the Trust and Servicing Agreement) shall
terminate upon payment (or provision for payment) to the Certificateholders and the Companion Loan Holders of all amounts held
by or on behalf of the Trustee, the Certificate Administrator and the Master Servicer, as the case may be, required under the Trust
and Servicing Agreement to be so paid on the Distribution Date following the earlier to occur of (i) the purchase of the Trust
Loan and all other property held by the Trust Fund in accordance with Section 9.01(c) of the Trust and Servicing Agreement;
(ii) the exchange by the Sole Owner of its Certificates for the Trust Loan in accordance with Section 9.01(g) of the
Trust and Servicing Agreement and (iii) the later of (a) the receipt or collection of the last payment due on the Trust
Loan included in the Trust Fund, or (b) the liquidation and disposition pursuant to the Trust and Servicing Agreement of the
last asset held by the Trust Fund; provided, however, that in no event shall the trust created by the Trust and Servicing
Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P.
Kennedy, the late Ambassador of the United States to the United Kingdom, living on the date hereof.

 

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement and reference is made to that agreement for information with respect
to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of
the parties thereto.  This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust
and Servicing Agreement, to which Trust and Servicing Agreement, as amended from time to time, the Holder of this Certificate by
virtue of the

 

     A-2-12

    

    

 

acceptance hereof assents and by which such Holder is bound.  In the case of any conflict between terms specified
in this Certificate and terms specified in the Trust and Servicing Agreement, the terms of the Trust and Servicing Agreement shall
govern.

 

     A-2-13

    

    

 

IN WITNESS WHEREOF, the
Certificate Administrator has caused this Class X Certificate to be duly executed.

 

Dated: ____________

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Certificate Administrator
	 	 	 
		By:	 
	 	 	Name:

Title:

 

Certificate of Authentication

 

This is one of the Class
X Certificates referred to in the Trust and Servicing Agreement.

 

Dated: ____________

 

	 	WELLS FARGO
BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Authenticating Agent
	 	 	 
		By:	 
	 	 	Name:

Title:

 

     A-2-14

    

    

 

[TO BE ATTACHED TO GLOBAL CERTIFICATES]
SCHEDULE OF EXCHANGES OF GLOBAL CERTIFICATES

 

The following exchanges of a part of this
Global Certificate have been made:

 

     A-2-15

    

    

 

EXHIBIT A-3

 

FORM OF CLASS B [RULE 144A]1
[REG S]2 CERTIFICATE

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]3

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]4

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS, AND ONLY (A)(1) PURSUANT
TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (2) FOR SO LONG AS THIS CERTIFICATE IS
ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO AN INSTITUTIONAL INVESTOR THAT
THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (“QUALIFIED
INSTITUTIONAL BUYER”) PURCHASING FOR ITS OWN ACCOUNT, OR A PERSON PURCHASING FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL
BUYER, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (3) IN THE CASE OF

 

 

 

1
For Rule 144A Global Certificates only.

 

2
For Reg S Global Certificates only.

 

3
Legend required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

4
Global Certificate legend.

 

 

     A-3-1

    

    

 

THE REGULAR CERTIFICATES, TO AN INSTITUTIONAL INVESTOR THAT IS AN “ACCREDITED INVESTOR”
AS SUCH TERM IS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL
OF THE EQUITY OWNERS ARE INSTITUTIONAL INVESTORS THAT ARE “ACCREDITED INVESTORS” AS SUCH TERM IS DEFINED IN RULE 501(a)(1),
(2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT, OR (4) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTION THAT
IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION,” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH,
RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, AND (B) IN ACCORDANCE WITH ANY OTHER APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED
TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. A TRANSFEREE IS ALSO REQUIRED TO DELIVER
AN INVESTMENT REPRESENTATION LETTER SUBSTANTIALLY IN THE FORM OF EXHIBIT D-1 TO THE TRUST AND SERVICING AGREEMENT IF SUCH TRANSFEREE
IS A QUALIFIED INSTITUTIONAL BUYER OR (OTHER THAN WITH RESPECT TO A RESIDUAL CERTIFICATE) AN INSTITUTIONAL ACCREDITED INVESTOR,
AND MAY ALSO BE REQUIRED TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A.

 

THIS CERTIFICATE SHOULD NOT BE PURCHASED
BY A TRANSFEREE THAT IS OR BECOMES (A) AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT, INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN, AS DEFINED
IN SECTION 3(32) OF ERISA, OR OTHER PLAN SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) WHICH IS TO A MATERIAL
EXTENT SIMILAR TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF ERISA OR TO SECTION 4975 OF THE CODE (EACH, A “PLAN”),
OR (B) A PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN (INCLUDING ANY ENTITY WHOSE UNDERLYING ASSETS
INCLUDE PLAN ASSETS BY REASON OF A PLAN’S INVESTMENT IN THE ENTITY (WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATIONS
SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA)), UNLESS (X) THE TRANSFEREE HAS ACQUIRED AND IS HOLDING THIS CERTIFICATE
IN RELIANCE ON THE EXEMPTION GRANTED TO (I) DEUTSCHE BANK SECURITIES INC., AS DEPARTMENT FINAL AUTHORIZATION NUMBER 97-03E, (II)
Wells Fargo Securities, LLC, as Prohibited Transaction Exemption 96-22, AND (IIi)
MORGAN STANLEY & CO. LLC, PROHIBITED

 

     A-3-2

    

    

 

TRANSACTION EXEMPTION 90-24, EACH AS AMENDED BY PROHIBITED TRANSACTION EXEMPTION 2013-08,
(COLLECTIVELY, THE “EXEMPTION”) AND IT UNDERSTANDS THAT THERE ARE CERTAIN CONDITIONS TO THE AVAILABILITY OF THE EXEMPTION,
INCLUDING THAT THIS CERTIFICATE MUST BE RATED, AT THE TIME OF PURCHASE, NOT LOWER THAN “BBB-” (OR ITS EQUIVALENT) BY
A RATING AGENCY SET FORTH THEREIN AND THAT THIS CERTIFICATE IS SO RATED AND IT IS AN “ACCREDITED INVESTOR” AS DEFINED
IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, OR (Y) (1) IT IS
AN INSURANCE COMPANY, (2) THE SOURCE OF FUNDS USED TO ACQUIRE OR HOLD THIS CERTIFICATE OR INTEREST THEREIN IS AN “INSURANCE
COMPANY GENERAL ACCOUNT,” AS SUCH TERM IS DEFINED IN PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60 AND
(3) THE CONDITIONS IN SECTIONS I AND III OF PTCE 95-60 HAVE BEEN SATISFIED WITH RESPECT TO THE ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE OR (Z) IN THE CASE OF A TRANSFEREE WHICH IS SUBJECT TO SIMILAR LAW, ITS ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE WILL NOT RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

 

ANY HOLDER DESIRING TO EFFECT A TRANSFER
OF THIS CERTIFICATE SHALL, AND DOES HEREBY AGREE TO, INDEMNIFY THE CERTIFICATE REGISTRAR, THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE,
THE MASTER SERVICER, THE SPECIAL SERVICER AND THE DEPOSITOR AGAINST ANY LIABILITY THAT MAY RESULT IF THE TRANSFER IS NOT EXEMPT
FROM THE SECURITIES ACT OR IS NOT MADE IN ACCORDANCE WITH FEDERAL AND STATE LAWS.

 

THIS CERTIFICATE DOES NOT REPRESENT
AN OBLIGATION OF OR INTEREST IN THE DEPOSITOR, ANY ORIGINATOR, THE MASTER SERVICER, THE SPECIAL SERVICER, THE CERTIFICATE ADMINISTRATOR,
THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

PRINCIPAL PAYMENTS ON THIS CERTIFICATE
ARE PAYABLE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME
MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

TRANSFERS AND EXCHANGES OF PORTIONS
OF THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS AS PROVIDED IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

THIS CERTIFICATE IS SUBORDINATE TO ONE
OR MORE OTHER CLASSES OF CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

     A-3-3

    

    

 

FOR U.S. FEDERAL INCOME TAX PURPOSES,
THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

[THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT AND, PRIOR TO THE DATE THAT IS 40 DAYS AFTER THE OFFERING OF THE CERTIFICATES,
MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.]1

 

 

 

1
For Reg S Global Certificates only.

 

     A-3-4

    

    

 

CPTS 2019-CPT MORTGAGE TRUST COMMERCIAL
MORTGAGE

PASS-THROUGH CERTIFICATES, CLASS B

 

	Class B Pass-Through Rate: The Net Mortgage Rate	 	CUSIP:	
        12654YAE91

        U1265YAC42

        12654YAF63

        

        

        

	 	 	 	 
	 	 	ISIN: 	US12654YAE954

        USU1265YAC405

        US12654YAF606
	 	 	 	 
	Original Aggregate Certificate Balance of the Class B Certificates: $78,736,000	 	Initial Certificate Balance of this Certificate: $[______] [FOR GLOBAL CERTIFICATES ONLY: (SUBJECT TO SCHEDULES OF EXCHANGES ATTACHED)]
	 	 	 
	First Distribution Date: December 13, 2019	 	Cut-off Date: November 9, 2019
	 	 	 	 
	Assumed Final Distribution Date: November 2029	 	No.: B-[__]

 

This certifies that [_______]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect
to the Class B Certificates. The Trust Fund, described more fully below, consists primarily of a Trust Loan secured by, among other
things, a first priority mortgage on the fee simple interest in two 44-story, Class A office towers located in Los Angeles, California,
and held in trust by the Trustee and serviced by the Master Servicer. The Trust Fund was created, and the Trust Loan is to be serviced,
pursuant to the Trust and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof,
assents to the terms, provisions and conditions of the Trust and Servicing Agreement and is bound thereby.

 

The Trust and Servicing
Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”), between Deutsche Mortgage &
Asset Receiving Corporation, as depositor (the “Depositor”), Wells Fargo Bank, National Association, as master
servicer (in such capacity, the “Master Servicer”), CWCapital Asset Management LLC, as special servicer (the
“Special Servicer”), Wilmington Trust, National Association, as trustee (the “Trustee”),
and Wells Fargo Bank, National Association, as certificate administrator (in such capacity, the

 

 

 

1
For Rule 144A Certificates.

 

2
For Regulation S Certificates.

 

3
For IAI Certificates.

 

4
For Rule 144A Certificates.

 

5
For Regulation S Certificates.

 

6
For IAI Certificates.

 

     A-3-5

    

    

 

“Certificate Administrator”),
custodian and paying agent, evidences the issuance of the Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class
R, Class LR and Class VRR Certificates (the “Certificates”; the Holders of Certificates issued under the Trust
and Servicing Agreement are collectively referred to herein as “Certificateholders”). This Certificate is issued
pursuant to, and in accordance with, the terms of the Trust and Servicing Agreement. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.

 

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended. Each Holder of this Certificate, by acceptance
hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding
sentence for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured
by income.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and Servicing
Agreement. In the event that there is any conflict between any provision of this Certificate and any provision of the Trust and
Servicing Agreement, such provision of this Certificate shall be superseded by the Trust and Servicing Agreement to the extent
of such inconsistency.

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator, or the Paying Agent on behalf of the Certificate Administrator,
will distribute (other than the final distribution on any Certificate), on the fourth Business Day after each Determination Date
(each such date, a “Distribution Date”) an amount equal to such Person’s pro rata share (based on the
Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then distributable,
if any, allocable to the Class B Certificates for such Distribution Date, all as more fully described in the Trust and Servicing
Agreement. “Determination Date” is defined in the Trust and Servicing Agreement as the 9th day of each calendar month,
or if such 9th day is not a Business Day, then the immediately preceding Business Day, commencing in December 2019. Holders of
this Certificate may be entitled to Prepayment Charges as provided in the Trust and Servicing Agreement.

 

During each Certificate
Interest Accrual Period (as defined below), interest on the Class B Certificates will be calculated based on a 360-day year consisting
of twelve 30-day months, on the outstanding Certificate Balance hereof.

 

Interest accrued on this
Certificate during a Certificate Interest Accrual Period, plus the aggregate unpaid Class Interest Shortfall with respect to this
Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Trust and Servicing Agreement.
The “Certificate Interest Accrual Period” means, with respect to any Distribution Date, the calendar month immediately
preceding the month in which such Distribution Date occurs. The Certificate Interest Accrual Period is assumed to consist of 30
days.

 

     A-3-6

    

    

 

All distributions (other
than the final distribution on any Certificate) will be made by the Paying Agent to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the close of business on the last Business Day of the
calendar month immediately preceding the month in which such Distribution Date occurs. Such distributions shall be made on each
Distribution Date other than the Termination Date to each Certificateholder of record on the related Record Date, by wire transfer
of immediately available funds to the account of such Holder at a bank or other entity located in the United States and having
appropriate facilities therefor; provided that such Holder shall have provided the Paying Agent with wire instructions in
writing at least five Business Days prior to the related Record Date, or, otherwise, by check mailed by first-class mail to the
address set forth therefor in the Certificate Register. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the office of the Certificate Administrator or its agent (which
may be the Paying Agent or the Certificate Registrar acting as such agent) that is specified in the notice to Holders of such final
distribution.

 

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall, on such date, be set
aside and held in trust for the benefit of the appropriate non-tendering Certificateholders. If any Certificates as to which notice
of the Termination Date has been given pursuant to the Trust and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders, at their last addresses shown in the Certificate Register, to surrender their Certificates for
cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one year after the
second notice not all of such Certificates shall have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining non-tendering Certificateholders concerning surrender of their
Certificates. The costs and expenses of holding such funds in trust and of contacting such Certificateholders shall be paid out
of such funds. If within two years after the second notice any such Certificates shall not have been surrendered for cancellation,
the Paying Agent shall pay to the Certificate Administrator all amounts distributable to the Holders thereof, and the Certificate
Administrator shall thereafter hold such amounts for the benefit of such Holders until the earlier of (i) its termination as Certificate
Administrator under the Trust and Servicing Agreement and the transfer of such amounts to a successor certificate administrator
and (ii) the termination of the Trust Fund and distribution of such amounts to the Class R Certificateholders. No interest
shall accrue or be payable to any Certificateholder on any amount held as a result of such Certificateholder’s failure to
surrender its Certificate(s) for final payment thereof in accordance with the Trust and Servicing Agreement. Such funds held by
the Certificate Administrator may be invested under certain circumstances, and all income and gain realized from investment of
such funds shall accrue for its benefit.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Trust Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement.

 

As provided in the Trust
and Servicing Agreement, the Trust Fund includes (in each case, to the extent of the Trust Fund’s interest therein) (i) the
Trust Loan, together with the Mortgage File relating thereto; (ii) all scheduled or unscheduled payments on or collections in

 

     A-3-7

    

    

 

respect
of the Trust Loan due after the Cut-off Date; (iii) any REO Property; (iv) all revenues received in respect of any REO Property;
(v) any indemnities or guaranties given as additional security for the Trust Loan; (vi) a security interest in all assets deposited
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts, and Reserve Accounts; (vii) amounts on deposit in the Collection
Account attributable to the Trust Loan as identified on the Trust Ledger, the Distribution Accounts, the Interest Reserve Account
or the REO Account, including any reinvestment income, as applicable; (viii) a security interest in any environmental indemnity
agreements relating to the Mortgaged Property; (ix) a security interest in all insurance policies with respect to the Trust Loan
and the Mortgaged Property; (x) the rights and remedies under the Trust Loan Purchase Agreements relating to document delivery
requirements with respect to the Trust Loan and the representations and warranties of the Trust Loan Sellers regarding the Trust
Loan; (xi) the Lower-Tier Regular Interests; and (xii) the proceeds of the foregoing (other than any interest earned on deposits
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts and any Reserve Accounts, to the extent such interest belongs
to the Borrower). As provided in the Trust and Servicing Agreement, withdrawals may be made from certain of the above-accounts
for purposes other than distributions to Certificateholders.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator.

 

As provided in the Trust
and Servicing Agreement and subject to certain limitations set forth therein, this Certificate is transferable or exchangeable
only upon surrender of this Certificate to the Certificate Registrar at its offices together with an assignment and transfer (executed
by the Holder or his duly authorized attorney), subject to the requirements in Article V of the Trust and Servicing Agreement.
Upon surrender for registration of transfer of this Certificate, subject to the requirements Article V of the Trust and Servicing
Agreement, the Certificate Administrator shall execute and the Authenticating Agent shall duly authenticate in the name of the
designated transferee or transferees, one or more new Certificates in authorized denominations of a like aggregate denomination
as the Certificate being surrendered. Such Certificates shall be delivered by the Certificate Registrar in accordance with Article
V of the Trust and Servicing Agreement.

 

Prior to due presentation
of this Certificate for registration of transfer, the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Certificate Registrar, any Paying Agent and any agent of any of them may treat the Person in whose name this Certificate
is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Certificate Registrar, any Paying Agent or any agent of any of them shall be affected by notice
or knowledge to the contrary.

 

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange referred
to in Section 5.02 of the Trust and Servicing Agreement other than for transfers to Institutional Accredited Investors as provided
in Section 5.02(h) of the Trust and Servicing Agreement. In connection with any transfer to an Institutional Accredited Investor,
the transferor shall reimburse the Trust Fund for

 

     A-3-8

    

    

 

any costs (including the cost of the Certificate Registrar’s counsel’s
review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate Registrar as provided
in the Trust and Servicing Agreement) incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar
may require payment by each transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection
with any such transfer.

 

The Trust and Servicing
Agreement or any Custodial Agreement may be amended at any time by the Depositor, the Master Servicer, the Special Servicer, the
Certificate Administrator and the Trustee without the consent of any of the Certificateholders or the Companion Loan Holders, (i)
to cure any ambiguity or to correct any error; (ii) to cause the provisions of the Trust and Servicing Agreement to conform or
be consistent with or in furtherance of the statements made in the Offering Circular with respect to the Certificates, the Trust
or the Trust and Servicing Agreement or to correct or supplement any provisions of the Trust and Servicing Agreement or the Offering
Circular which may be defective or inconsistent with any other provisions of the Trust and Servicing Agreement or the Offering
Circular; (iii) to amend any provision of the Trust and Servicing Agreement to the extent necessary or desirable to maintain the
rating or ratings assigned to each of the Classes of Certificates or Companion Loan Securities by each Rating Agency (provided
that such amendment does not adversely affect in any material respect (x) the rights or interests of any Certificateholder or Companion
Loan Holder not consenting thereto or (y) the rights or interests of the Directing Holder without the consent of the Holders of
Certificates representing 100% of the Controlling Class); (iv) to amend or supplement a provision, or to supplement any other provisions
to the extent not inconsistent with the provisions of the Trust and Servicing Agreement, or any other change that will not adversely
affect in any material respect the interests of any Certificateholder or Companion Loan Holder not consenting thereto (as evidenced
in writing by an Opinion of Counsel or, if solely affecting any Certificateholder of a rated Class or a Companion Loan Holder of
rated Companion Loan Securities, in respect of which a No Downgrade Confirmation has been obtained relating to the Certificates
or the Companion Loan Securities, if applicable); (v) to modify, eliminate or add to any of its provisions in the event the Credit
Risk Retention Rules or any other regulations applicable to the risk retention requirements for this securitization transaction
are amended or repealed in whole or in part, to the extent required to comply with any such amendment or, to the extent applicable,
to modify or eliminate the affected provision(s) related to the risk retention requirements in the event of such repeal; and (vi)
to modify the procedures of the Trust and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act; provided
that such modification would not (a) materially increase the obligations or decrease the rights of the Depositor, the Trustee,
the Paying Agent, the Certificate Administrator, the 17g-5 Information Provider, the Master Servicer or the Special Servicer without
such parties’ consent, (b) reduce the consent or consultation rights or the right to receive information under the Trust
and Servicing Agreement of the Directing Holder without the consent of the Directing Holder or (c) adversely affect in any material
respect the interests of any Certificateholders or any Companion Loan Holder not consenting thereto, as evidenced by in the case
of clauses (iii), (iv) and (vi) above by (x) an Opinion of Counsel or (y) solely in the case of a Certificateholder of a rated
Class, receipt of a No Downgrade Confirmation from each Rating Agency and a No Downgrade Confirmation with respect to any Companion
Loan Securities. In no event shall any such amendment cause the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as
a REMIC or subject either REMIC to tax.

 

     A-3-9

    

    

 

The Trust and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator and the Trustee with the prior written consent of the Holders of Certificates representing not less
than 66-2/3% of the Percentage Interests of each Class of Certificates (without regard to Certificates held by the Depositor, any
of the Depositor’s Affiliates and/or agents or the Trust Loan Sellers) and the Companion Loan Holders affected thereby for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment may:

 

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Whole Loan
which are required to be distributed on any Certificate, without the consent of the Holders of Certificates representing all of
the Percentage Interests of the Class or Classes affected thereby or which are required to be distributed to any Companion Loan
Holders without the consent of such Companion Loan Holder;

 

		(ii)	alter the Servicing Standard or obligations of the Master Servicer or the Trustee to make a P&I
Advance, Administrative Advance or a Property Advance, without the consent of the Holders of the Certificates representing all
of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected Companion Loan Holder);

 

		(iii)	change the percentages of Voting Rights or Percentage Interests of Holders of Certificates which
are required to consent to any action or inaction under the Trust and Servicing Agreement without the consent of the Holders of
Certificates representing all of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected
Companion Loan Holder; or

 

		(iv)	amend any section of the Trust and Servicing Agreement which relates to the amendment of the Trust
and Servicing Agreement without the consent of the Holders of all Certificates representing all of the Percentage Interests of
the Class or Classes affected thereby and the consent of any affected Companion Loan Holder.

 

Further, the Depositor,
the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee, at any time and from time to time, without
the consent of the Certificateholders or the Companion Loan Holders, may amend the Trust and Servicing Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be necessary: (i) to maintain the qualification of the Lower-Tier REMIC
or the Upper-Tier REMIC as a REMIC, or to prevent the imposition of any additional material state or local taxes, at all times
that any Certificates are outstanding; provided that such action, as evidenced by an Opinion of Counsel (obtained at the
expense of the Trust Fund), is necessary or helpful to maintain such qualification or to prevent the imposition of any such taxes,
and would not adversely affect in any material respect the interest of any Certificateholder or the Companion

 

     A-3-10

    

    

 

Loan Holders or (ii)
to comply with the Investment Company Act of 1940, as amended, and/or any related regulatory actions and/or interpretations.

 

The Directing Holder
and, if the Directing Holder does not exercise such option, then the Special Servicer and if the Special Servicer does not exercise
such option, then the Master Servicer, and if the Master Servicer does not exercise such option, then the Holder
of a majority Percentage Interest in the Class R and Class LR Certificates, may effect an early termination of the Trust Fund (provided
that such party has provided 15 Business Days’ prior notice to each of the parties with such option and none of the parties
with a higher priority has elected to exercise such option within such 15 Business Day period), upon not less than 30 days’
prior Notice of Termination (which Notice of Termination shall satisfy the notice requirement of the proviso) given to the Trustee,
the Certificate Administrator, the Special Servicer and the Master Servicer any time on or after the Early Termination Notice Date
specifying the Anticipated Final Termination Date, by purchasing on such date all, but not less than all, of the Trust Loan then
included in the Trust Fund, and the Trust’s interest in all property acquired in respect of the Trust Loan, at a purchase
price, payable in cash, equal to the greater of,

 

(i)            the
sum of, without duplication:

 

		(A)	100% the outstanding principal balance of the Trust Loan as of the last day of the month preceding
such Anticipated Final Termination Date (less any P&I Advances previously made on account of principal);

 

		(B)	the fair market value of all other property included in the Trust Fund as of the last day of the
month preceding such Anticipated Final Termination Date, as determined by an Independent appraiser acceptable to the Master Servicer
as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date;

 

		(C)	all unpaid interest accrued on the outstanding principal balance of the Trust Loan (including circumstances
where title to the Mortgaged Property has been acquired) at the Trust Loan Rate to the last day of the Whole Loan Interest
Accrual Period preceding such Anticipated Final Termination Date (less any P&I Advances previously made on account of interest);

 

		(D)	the aggregate amount of unreimbursed Advances, with interest thereon at the Advance Rate, unpaid
Servicing Compensation, Special Servicing Compensation, Trustee/Certificate Administrator Fees, the CREFC® License
Fee and Trust Fund expenses and indemnity amounts owed by the Trust; and

 

(ii)           the
aggregate fair market value of the Trust Loan, and all other property acquired in respect of the Trust Loan in the Trust Fund,
on the last day of the month preceding such Distribution Date, as determined by an Independent appraiser acceptable

 

     A-3-11

    

    

 

to the Master
Servicer as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date, together with
one month’s interest thereon at the Trust Loan Rate.

 

In addition, the Trust
and Servicing Agreement provides that the Sole Owner shall have the right to exchange all of its Certificates for the Trust Loan
or REO Property, as applicable, as contemplated by clause (ii) of Section 9.01(a) of the Trust and Servicing Agreement by
giving written notice to all the parties to the Trust and Servicing Agreement no later than 60 days prior to the anticipated date
of exchange.

 

All costs and expenses
incurred by any and all parties to the Trust and Servicing Agreement or by the Trust Fund in connection with the purchase of the
Trust Loan and the other assets of the Trust Fund pursuant to Section 9.01(c) of the Trust and Servicing Agreement shall be
borne by the party exercising its purchase rights thereunder. The Trustee and the Certificate Administrator shall be entitled to
rely conclusively on any determination made by an Independent appraiser pursuant to Section 9.01(c) of the Trust and Servicing
Agreement.

 

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator and the Trustee
created by the Trust and Servicing Agreement with respect to the Certificates (other than the obligations of the Certificate Administrator
to make certain payments and to send certain notices to Certificateholders as set forth in the Trust and Servicing Agreement) shall
terminate upon payment (or provision for payment) to the Certificateholders and the Companion Loan Holders of all amounts held
by or on behalf of the Trustee, the Certificate Administrator and the Master Servicer, as the case may be, required under the Trust
and Servicing Agreement to be so paid on the Distribution Date following the earlier to occur of (i) the purchase of the Trust
Loan and all other property held by the Trust Fund in accordance with Section 9.01(c) of the Trust and Servicing Agreement;
(ii) the exchange by the Sole Owner of its Certificates for the Trust Loan in accordance with Section 9.01(g) of the
Trust and Servicing Agreement and (iii) the later of (a) the receipt or collection of the last payment due on the Trust
Loan included in the Trust Fund, or (b) the liquidation and disposition pursuant to the Trust and Servicing Agreement of the
last asset held by the Trust Fund; provided, however, that in no event shall the trust created by the Trust and Servicing
Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P.
Kennedy, the late Ambassador of the United States to the United Kingdom, living on the date hereof.

 

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement and reference is made to that agreement for information with respect
to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of
the parties thereto.  This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust
and Servicing Agreement, to which Trust and Servicing Agreement, as amended from time to time, the Holder of this Certificate by
virtue of the

 

     A-3-12

    

    

 

acceptance hereof assents and by which such Holder is bound.  In the case of any conflict between terms specified
in this Certificate and terms specified in the Trust and Servicing Agreement, the terms of the Trust and Servicing Agreement shall
govern.

 

     A-3-13

    

    

 

IN WITNESS WHEREOF, the
Certificate Administrator has caused this Class B Certificate to be duly executed.

 

Dated: ____________

 

	 	WELLS FARGO
BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Certificate Administrator
	 	 	 
		By: 	 
	 	 	Name:

Title:

 

Certificate of Authentication

 

This is one of the Class B
Certificates referred to in the Trust and Servicing Agreement.

 

Dated: ____________

 

	 	WELLS FARGO
BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Authenticating Agent
	 	 	 
		By:	 
	 	 	Name:

Title:

 

     A-3-14

    

    

 

[TO BE ATTACHED TO GLOBAL CERTIFICATES]
SCHEDULE OF EXCHANGES OF GLOBAL CERTIFICATES

 

The following exchanges of a part of this
Global Certificate have been made:

 

     A-3-15

    

    

 

EXHIBIT
A-4

 

FORM
OF CLASS C [RULE 144A]1 [REG S]2 CERTIFICATE

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]3

 

[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]4

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS,
AND ONLY (A)(1) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (2) FOR SO LONG
AS THIS CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO AN INSTITUTIONAL
INVESTOR THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A
(“QUALIFIED INSTITUTIONAL BUYER”) PURCHASING FOR ITS OWN ACCOUNT, OR A PERSON PURCHASING FOR THE ACCOUNT OF ANOTHER
QUALIFIED INSTITUTIONAL BUYER, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER
IS BEING MADE IN RELIANCE ON RULE 144A, (3) IN THE CASE OF

 

 

 

1
For Rule 144A Global Certificates only.

 

2
For Reg S Global Certificates only.

 

3
Legend required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

4
Global Certificate legend.

  

    A-4-1

     

    

 

THE
REGULAR CERTIFICATES, TO AN INSTITUTIONAL INVESTOR THAT IS AN “ACCREDITED INVESTOR” AS SUCH TERM IS DEFINED IN RULE
501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE INSTITUTIONAL
INVESTORS THAT ARE “ACCREDITED INVESTORS” AS SUCH TERM IS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION
D UNDER THE SECURITIES ACT, OR (4) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTION THAT IS A NON-“U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH, RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, AND (B) IN ACCORDANCE WITH ANY OTHER APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.

 

THE
INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN
INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE TRUST AND SERVICING AGREEMENT.
A TRANSFEREE IS ALSO REQUIRED TO DELIVER AN INVESTMENT REPRESENTATION LETTER SUBSTANTIALLY IN THE FORM OF EXHIBIT D-1 TO THE TRUST
AND SERVICING AGREEMENT IF SUCH TRANSFEREE IS A QUALIFIED INSTITUTIONAL BUYER OR (OTHER THAN WITH RESPECT TO A RESIDUAL CERTIFICATE)
AN INSTITUTIONAL ACCREDITED INVESTOR, AND MAY ALSO BE REQUIRED TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A.

 

THIS
CERTIFICATE SHOULD NOT BE PURCHASED BY A TRANSFEREE THAT IS OR BECOMES (A) AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT,
INCLUDING AN INDIVIDUAL RETIREMENT ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN, AS DEFINED IN SECTION 3(32) OF ERISA, OR OTHER PLAN SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR
LAW”) WHICH IS TO A MATERIAL EXTENT SIMILAR TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF ERISA OR TO SECTION 4975 OF THE
CODE (EACH, A “PLAN”), OR (B) A PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN (INCLUDING
ANY ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS BY REASON OF A PLAN’S INVESTMENT IN THE ENTITY (WITHIN THE MEANING
OF DEPARTMENT OF LABOR REGULATIONS SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA)), UNLESS (X) THE TRANSFEREE HAS
ACQUIRED AND IS HOLDING THIS CERTIFICATE IN RELIANCE ON THE EXEMPTION GRANTED TO (I) DEUTSCHE BANK SECURITIES INC., AS DEPARTMENT
FINAL AUTHORIZATION NUMBER 97-03E, (II) Wells Fargo Securities, LLC, as Prohibited Transaction
Exemption 96-22, AND (IIi) MORGAN STANLEY & CO. LLC, PROHIBITED 

    A-4-2

     

    

 

TRANSACTION
EXEMPTION 90-24, EACH AS AMENDED BY PROHIBITED TRANSACTION EXEMPTION 2013-08,
(COLLECTIVELY, THE “EXEMPTION”) AND IT UNDERSTANDS THAT THERE ARE CERTAIN CONDITIONS TO THE AVAILABILITY OF THE EXEMPTION,
INCLUDING THAT THIS CERTIFICATE MUST BE RATED, AT THE TIME OF PURCHASE, NOT LOWER THAN “BBB-” (OR ITS EQUIVALENT)
BY A RATING AGENCY SET FORTH THEREIN AND THAT THIS CERTIFICATE IS SO RATED AND IT IS AN “ACCREDITED INVESTOR” AS DEFINED
IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, OR (Y) (1) IT IS
AN INSURANCE COMPANY, (2) THE SOURCE OF FUNDS USED TO ACQUIRE OR HOLD THIS CERTIFICATE OR INTEREST THEREIN IS AN “INSURANCE
COMPANY GENERAL ACCOUNT,” AS SUCH TERM IS DEFINED IN PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60 AND
(3) THE CONDITIONS IN SECTIONS I AND III OF PTCE 95-60 HAVE BEEN SATISFIED WITH RESPECT TO THE ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE OR (Z) IN THE CASE OF A TRANSFEREE WHICH IS SUBJECT TO SIMILAR LAW, ITS ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE WILL NOT RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

 

ANY
HOLDER DESIRING TO EFFECT A TRANSFER OF THIS CERTIFICATE SHALL, AND DOES HEREBY AGREE TO, INDEMNIFY THE CERTIFICATE REGISTRAR,
THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE, THE MASTER SERVICER, THE SPECIAL SERVICER AND THE DEPOSITOR AGAINST ANY LIABILITY
THAT MAY RESULT IF THE TRANSFER IS NOT EXEMPT FROM THE SECURITIES ACT OR IS NOT MADE IN ACCORDANCE WITH FEDERAL AND STATE LAWS.

 

THIS
CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN THE DEPOSITOR, ANY ORIGINATOR, THE MASTER SERVICER, THE SPECIAL
SERVICER, THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE UNDERLYING
TRUST LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

PRINCIPAL
PAYMENTS ON THIS CERTIFICATE ARE PAYABLE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

TRANSFERS
AND EXCHANGES OF PORTIONS OF THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS AS PROVIDED IN THE TRUST AND SERVICING AGREEMENT REFERRED
TO BELOW.

 

THIS
CERTIFICATE IS SUBORDINATE TO ONE OR MORE OTHER CLASSES OF CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING
AGREEMENT REFERRED TO HEREIN.

    A-4-3

     

    

 

FOR
U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE
INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE
CODE OF 1986, AS AMENDED.

 

[THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT AND, PRIOR TO THE DATE THAT IS 40 DAYS
AFTER THE OFFERING OF THE CERTIFICATES, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO
A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.]1

 

 

 

1
For Reg S Global Certificates only.

 

    A-4-4

     

    

  

CPTS
2019-CPT MORTGAGE TRUST COMMERCIAL MORTGAGE

PASS-THROUGH CERTIFICATES, CLASS C

 

	Class
    C Pass-Through Rate: The Net Mortgage Rate	 	CUSIP:	12654YAG41
U1265YAD22
12654YAH23
	 	 	 	 
	 	 	ISIN:	US12654YAG444
USU1265YAD235
US12654YAH276
	 	 	 	 
	Original
    Aggregate Certificate Balance of the

    Class C Certificates: $59,053,000	 	Initial
    Certificate Balance of this Certificate: $[______] [FOR GLOBAL CERTIFICATES ONLY: (SUBJECT TO SCHEDULES OF EXCHANGES ATTACHED)]
	 	 	 
	First Distribution
    Date: December 13, 2019	 	Cut-off Date: November 9, 2019
	 	 	 
	Assumed
    Final Distribution Date: November 2029	 	No.:
    C-[__]

  

This
certifies that [_______] is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions
to be made with respect to the Class C Certificates. The Trust Fund, described more fully below, consists primarily of a Trust
Loan secured by, among other things, a first priority mortgage on the fee simple interest in two 44-story, Class A office towers
located in Los Angeles, California, and held in trust by the Trustee and serviced by the Master Servicer. The Trust Fund was created,
and the Trust Loan is to be serviced, pursuant to the Trust and Servicing Agreement (as defined below). The Holder of this Certificate,
by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Trust and Servicing Agreement and is
bound thereby.

 

The
Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”), between
Deutsche Mortgage & Asset Receiving Corporation, as depositor (the “Depositor”), Wells Fargo Bank, National
Association, as master servicer (in such capacity, the “Master Servicer”), CWCapital Asset Management LLC,
as special servicer (the “Special Servicer”), Wilmington Trust, National Association, as trustee (the “Trustee”),
and Wells Fargo Bank, National Association, as certificate administrator (in such capacity, the

 

 

 

1
For Rule 144A Certificates.

 

2
For Regulation S Certificates.

 

3
For IAI Certificates.

 

4
For Rule 144A Certificates.

 

5
For Regulation S Certificates.

 

6
For IAI Certificates.

  

    A-4-5

     

    

 

“Certificate
Administrator”), custodian and paying agent, evidences the issuance of the Class A, Class X, Class B, Class C, Class
D, Class E, Class F, Class R, Class LR and Class VRR Certificates (the “Certificates”; the Holders of Certificates
issued under the Trust and Servicing Agreement are collectively referred to herein as “Certificateholders”).
This Certificate is issued pursuant to, and in accordance with, the terms of the Trust and Servicing Agreement. To the extent
not defined herein, capitalized terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended. Each Holder of this
Certificate, by acceptance hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in
accordance with the preceding sentence for purposes of federal income taxes, state and local income and franchise taxes and other
taxes imposed on or measured by income.

 

The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement. In the event that there is any conflict between any provision of this Certificate and
any provision of the Trust and Servicing Agreement, such provision of this Certificate shall be superseded by the Trust and Servicing
Agreement to the extent of such inconsistency.

 

Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator, or the Paying Agent on behalf of the Certificate
Administrator, will distribute (other than the final distribution on any Certificate), on the fourth Business Day after each Determination
Date (each such date, a “Distribution Date”) an amount equal to such Person’s pro rata share (based on
the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then
distributable, if any, allocable to the Class C Certificates for such Distribution Date, all as more fully described in the Trust
and Servicing Agreement. “Determination Date” is defined in the Trust and Servicing Agreement as the 9th day of each
calendar month, or if such 9th day is not a Business Day, then the immediately preceding Business Day, commencing in December
2019. Holders of this Certificate may be entitled to Prepayment Charges as provided in the Trust and Servicing Agreement.

 

During
each Certificate Interest Accrual Period (as defined below), interest on the Class C Certificates will be calculated based on
a 360-day year consisting of twelve 30-day months, on the outstanding Certificate Balance hereof.

 

Interest
accrued on this Certificate during a Certificate Interest Accrual Period, plus the aggregate unpaid Class Interest Shortfall with
respect to this Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Trust and
Servicing Agreement. The “Certificate Interest Accrual Period” means, with respect to any Distribution Date, the calendar
month immediately preceding the month in which such Distribution Date occurs. The Certificate Interest Accrual Period is assumed
to consist of 30 days.

 

    A-4-6

     

    

 

All
distributions (other than the final distribution on any Certificate) will be made by the Paying Agent to the persons in whose
names the Certificates are registered at the close of business on each Record Date, which will be the close of business on the
last Business Day of the calendar month immediately preceding the month in which such Distribution Date occurs. Such distributions
shall be made on each Distribution Date other than the Termination Date to each Certificateholder of record on the related Record
Date, by wire transfer of immediately available funds to the account of such Holder at a bank or other entity located in the United
States and having appropriate facilities therefor; provided that such Holder shall have provided the Paying Agent with
wire instructions in writing at least five Business Days prior to the related Record Date, or, otherwise, by check mailed by first-class
mail to the address set forth therefor in the Certificate Register. The final distribution on each Certificate shall be made in
like manner, but only upon presentment and surrender of such Certificate at the office of the Certificate Administrator or its
agent (which may be the Paying Agent or the Certificate Registrar acting as such agent) that is specified in the notice to Holders
of such final distribution.

 

Any
funds not distributed on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall,
on such date, be set aside and held in trust for the benefit of the appropriate non-tendering Certificateholders. If any Certificates
as to which notice of the Termination Date has been given pursuant to the Trust and Servicing Agreement shall not have been surrendered
for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail a second
notice to the remaining non-tendering Certificateholders, at their last addresses shown in the Certificate Register, to surrender
their Certificates for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If
within one year after the second notice not all of such Certificates shall have been surrendered for cancellation, the Certificate
Administrator may, directly or through an agent, take appropriate steps to contact the remaining non-tendering Certificateholders
concerning surrender of their Certificates. The costs and expenses of holding such funds in trust and of contacting such Certificateholders
shall be paid out of such funds. If within two years after the second notice any such Certificates shall not have been surrendered
for cancellation, the Paying Agent shall pay to the Certificate Administrator all amounts distributable to the Holders thereof,
and the Certificate Administrator shall thereafter hold such amounts for the benefit of such Holders until the earlier of (i)
its termination as Certificate Administrator under the Trust and Servicing Agreement and the transfer of such amounts to a successor
certificate administrator and (ii) the termination of the Trust Fund and distribution of such amounts to the Class R Certificateholders.
No interest shall accrue or be payable to any Certificateholder on any amount held as a result of such Certificateholder’s
failure to surrender its Certificate(s) for final payment thereof in accordance with the Trust and Servicing Agreement. Such funds
held by the Certificate Administrator may be invested under certain circumstances, and all income and gain realized from investment
of such funds shall accrue for its benefit.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.

 

As
provided in the Trust and Servicing Agreement, the Trust Fund includes (in each case, to the extent of the Trust Fund’s
interest therein) (i) the Trust Loan, together with the Mortgage File relating thereto; (ii) all scheduled or unscheduled
payments on or collections in 

    A-4-7

     

    

 

respect
of the Trust Loan due after the Cut-off Date; (iii) any REO Property; (iv) all revenues received in respect of any REO Property;
(v) any indemnities or guaranties given as additional security for the Trust Loan; (vi) a security interest in all assets deposited
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts, and Reserve Accounts; (vii) amounts on deposit in the Collection
Account attributable to the Trust Loan as identified on the Trust Ledger, the Distribution Accounts, the Interest Reserve Account
or the REO Account, including any reinvestment income, as applicable; (viii) a security interest in any environmental indemnity
agreements relating to the Mortgaged Property; (ix) a security interest in all insurance policies with respect to the Trust Loan
and the Mortgaged Property; (x) the rights and remedies under the Trust Loan Purchase Agreements relating to document delivery
requirements with respect to the Trust Loan and the representations and warranties of the Trust Loan Sellers regarding the Trust
Loan; (xi) the Lower-Tier Regular Interests; and (xii) the proceeds of the foregoing (other than any interest earned on deposits
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts and any Reserve Accounts, to the extent such interest belongs
to the Borrower). As provided in the Trust and Servicing Agreement, withdrawals may be made from certain of the above-accounts
for purposes other than distributions to Certificateholders.

 

This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator.

 

As
provided in the Trust and Servicing Agreement and subject to certain limitations set forth therein, this Certificate is transferable
or exchangeable only upon surrender of this Certificate to the Certificate Registrar at its offices together with an assignment
and transfer (executed by the Holder or his duly authorized attorney), subject to the requirements in Article V of the Trust and
Servicing Agreement. Upon surrender for registration of transfer of this Certificate, subject to the requirements Article V of
the Trust and Servicing Agreement, the Certificate Administrator shall execute and the Authenticating Agent shall duly authenticate
in the name of the designated transferee or transferees, one or more new Certificates in authorized denominations of a like aggregate
denomination as the Certificate being surrendered. Such Certificates shall be delivered by the Certificate Registrar in accordance
with Article V of the Trust and Servicing Agreement.

 

Prior
to due presentation of this Certificate for registration of transfer, the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, the Certificate Registrar, any Paying Agent and any agent of any of them may treat
the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master
Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Certificate Registrar, any Paying Agent or any
agent of any of them shall be affected by notice or knowledge to the contrary.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange referred to in Section 5.02 of the Trust and Servicing Agreement other than for transfers to Institutional Accredited
Investors as provided in Section 5.02(h) of the Trust and Servicing Agreement. In connection with any transfer to an Institutional
Accredited Investor, the transferor shall reimburse the Trust Fund for

    A-4-8

     

    

 

any
costs (including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions,
submitted by the transferor or transferee to the Certificate Registrar as provided in the Trust and Servicing Agreement) incurred
by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each transferor
of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer.

 

The
Trust and Servicing Agreement or any Custodial Agreement may be amended at any time by the Depositor, the Master Servicer, the
Special Servicer, the Certificate Administrator and the Trustee without the consent of any of the Certificateholders or the Companion
Loan Holders, (i) to cure any ambiguity or to correct any error; (ii) to cause the provisions of the Trust and Servicing Agreement
to conform or be consistent with or in furtherance of the statements made in the Offering Circular with respect to the Certificates,
the Trust or the Trust and Servicing Agreement or to correct or supplement any provisions of the Trust and Servicing Agreement
or the Offering Circular which may be defective or inconsistent with any other provisions of the Trust and Servicing Agreement
or the Offering Circular; (iii) to amend any provision of the Trust and Servicing Agreement to the extent necessary or desirable
to maintain the rating or ratings assigned to each of the Classes of Certificates or Companion Loan Securities by each Rating
Agency (provided that such amendment does not adversely affect in any material respect (x) the rights or interests of any
Certificateholder or Companion Loan Holder not consenting thereto or (y) the rights or interests of the Directing Holder without
the consent of the Holders of Certificates representing 100% of the Controlling Class); (iv) to amend or supplement a provision,
or to supplement any other provisions to the extent not inconsistent with the provisions of the Trust and Servicing Agreement,
or any other change that will not adversely affect in any material respect the interests of any Certificateholder or Companion
Loan Holder not consenting thereto (as evidenced in writing by an Opinion of Counsel or, if solely affecting any Certificateholder
of a rated Class or a Companion Loan Holder of rated Companion Loan Securities, in respect of which a No Downgrade Confirmation
has been obtained relating to the Certificates or the Companion Loan Securities, if applicable); (v) to modify, eliminate or add
to any of its provisions in the event the Credit Risk Retention Rules or any other regulations applicable to the risk retention
requirements for this securitization transaction are amended or repealed in whole or in part, to the extent required to comply
with any such amendment or, to the extent applicable, to modify or eliminate the affected provision(s) related to the risk retention
requirements in the event of such repeal; and (vi) to modify the procedures of the Trust and Servicing Agreement relating to compliance
with Rule 17g-5 of the Exchange Act; provided that such modification would not (a) materially increase the obligations
or decrease the rights of the Depositor, the Trustee, the Paying Agent, the Certificate Administrator, the 17g-5 Information Provider,
the Master Servicer or the Special Servicer without such parties’ consent, (b) reduce the consent or consultation rights
or the right to receive information under the Trust and Servicing Agreement of the Directing Holder without the consent of the
Directing Holder or (c) adversely affect in any material respect the interests of any Certificateholders or any Companion Loan
Holder not consenting thereto, as evidenced by in the case of clauses (iii), (iv) and (vi) above by (x) an Opinion of Counsel
or (y) solely in the case of a Certificateholder of a rated Class, receipt of a No Downgrade Confirmation from each Rating Agency
and a No Downgrade Confirmation with respect to any Companion Loan Securities. In no event shall any such amendment cause the
Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or subject either REMIC to tax.

 

    A-4-9

     

    

 

The
Trust and Servicing Agreement or any Custodial Agreement may also be amended from time to time by the Depositor, the Master Servicer,
the Special Servicer, the Certificate Administrator and the Trustee with the prior written consent of the Holders of Certificates
representing not less than 66-2/3% of the Percentage Interests of each Class of Certificates (without regard to Certificates held
by the Depositor, any of the Depositor’s Affiliates and/or agents or the Trust Loan Sellers) and the Companion Loan Holders
affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of
the Trust and Servicing Agreement or modifying in any manner the rights of the Certificateholders; provided, however, that no
such amendment may:

 

		(i)	reduce
                                         in any manner the amount of, or delay the timing of, payments received on the Whole Loan
                                         which are required to be distributed on any Certificate, without the consent of the Holders
                                         of Certificates representing all of the Percentage Interests of the Class or Classes
                                         affected thereby or which are required to be distributed to any Companion Loan Holders
                                         without the consent of such Companion Loan Holder;

 

		(ii)	alter
                                         the Servicing Standard or obligations of the Master Servicer or the Trustee to make a
                                         P&I Advance, Administrative Advance or a Property Advance, without the consent of
                                         the Holders of the Certificates representing all of the Percentage Interests of the Class
                                         or Classes affected thereby and the consent of any affected Companion Loan Holder);

 

		(iii)	change
                                         the percentages of Voting Rights or Percentage Interests of Holders of Certificates which
                                         are required to consent to any action or inaction under the Trust and Servicing Agreement
                                         without the consent of the Holders of Certificates representing all of the Percentage
                                         Interests of the Class or Classes affected thereby and the consent of any affected Companion
                                         Loan Holder; or

 

		(iv)	amend
                                         any section of the Trust and Servicing Agreement which relates to the amendment of the
                                         Trust and Servicing Agreement without the consent of the Holders of all Certificates
                                         representing all of the Percentage Interests of the Class or Classes affected thereby
                                         and the consent of any affected Companion Loan Holder.

 

Further,
the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee, at any time and from
time to time, without the consent of the Certificateholders or the Companion Loan Holders, may amend the Trust and Servicing Agreement
to modify, eliminate or add to any of its provisions to such extent as shall be necessary: (i) to maintain the qualification of
the Lower-Tier REMIC or the Upper-Tier REMIC as a REMIC, or to prevent the imposition of any additional material state or local
taxes, at all times that any Certificates are outstanding; provided that such action, as evidenced by an Opinion of Counsel
(obtained at the expense of the Trust Fund), is necessary or helpful to maintain such qualification or to prevent the imposition
of any such taxes, and would not adversely affect in any material respect the interest of any Certificateholder or the Companion

    A-4-10

     

    

 

Loan
Holders or (ii) to comply with the Investment Company Act of 1940, as amended, and/or any related regulatory actions and/or interpretations.

 

The
Directing Holder and, if the Directing Holder does not exercise such option, then the Special Servicer and if the Special Servicer
does not exercise such option, then the Master Servicer, and if the Master Servicer does not exercise such option, then
the Holder of a majority Percentage Interest in the Class R and Class LR Certificates, may effect an early termination of
the Trust Fund (provided that such party has provided 15 Business Days’ prior notice to each of the parties with
such option and none of the parties with a higher priority has elected to exercise such option within such 15 Business Day period),
upon not less than 30 days’ prior Notice of Termination (which Notice of Termination shall satisfy the notice requirement
of the proviso) given to the Trustee, the Certificate Administrator, the Special Servicer and the Master Servicer any time on
or after the Early Termination Notice Date specifying the Anticipated Final Termination Date, by purchasing on such date all,
but not less than all, of the Trust Loan then included in the Trust Fund, and the Trust’s interest in all property acquired
in respect of the Trust Loan, at a purchase price, payable in cash, equal to the greater of,

 

(i)
       the sum of, without duplication:

 

		(A)	100%
                                         the outstanding principal balance of the Trust Loan as of the last day of the month preceding
                                         such Anticipated Final Termination Date (less any P&I Advances previously made on
                                         account of principal);

 

		(B)	the
                                         fair market value of all other property included in the Trust Fund as of the last day
                                         of the month preceding such Anticipated Final Termination Date, as determined by an Independent
                                         appraiser acceptable to the Master Servicer as of a date not more than 30 days prior
                                         to the last day of the month preceding such Distribution Date;

 

		(C)	all
                                         unpaid interest accrued on the outstanding principal balance of the Trust Loan (including
                                         circumstances where title to the Mortgaged Property has been acquired) at the Trust
                                         Loan Rate to the last day of the Whole Loan Interest Accrual Period preceding such Anticipated
                                         Final Termination Date (less any P&I Advances previously made on account of interest);

 

		(D)	the
                                         aggregate amount of unreimbursed Advances, with interest thereon at the Advance Rate,
                                         unpaid Servicing Compensation, Special Servicing Compensation, Trustee/Certificate Administrator
                                         Fees, the CREFC® License Fee and Trust Fund expenses and indemnity amounts
                                         owed by the Trust; and

 

(ii)       the
aggregate fair market value of the Trust Loan, and all other property acquired in respect of the Trust Loan in the Trust Fund,
on the last day of the month preceding such Distribution Date, as determined by an Independent appraiser acceptable 

    A-4-11

     

    

 

to
the Master Servicer as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date, together
with one month’s interest thereon at the Trust Loan Rate.

 

In
addition, the Trust and Servicing Agreement provides that the Sole Owner shall have the right to exchange all of its Certificates
for the Trust Loan or REO Property, as applicable, as contemplated by clause (ii) of Section 9.01(a) of the Trust and Servicing
Agreement by giving written notice to all the parties to the Trust and Servicing Agreement no later than 60 days prior to the
anticipated date of exchange.

 

All
costs and expenses incurred by any and all parties to the Trust and Servicing Agreement or by the Trust Fund in connection with
the purchase of the Trust Loan and the other assets of the Trust Fund pursuant to Section 9.01(c) of the Trust and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Trustee and the Certificate Administrator
shall be entitled to rely conclusively on any determination made by an Independent appraiser pursuant to Section 9.01(c)
of the Trust and Servicing Agreement.

 

The
respective obligations and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator
and the Trustee created by the Trust and Servicing Agreement with respect to the Certificates (other than the obligations of the
Certificate Administrator to make certain payments and to send certain notices to Certificateholders as set forth in the Trust
and Servicing Agreement) shall terminate upon payment (or provision for payment) to the Certificateholders and the Companion Loan
Holders of all amounts held by or on behalf of the Trustee, the Certificate Administrator and the Master Servicer, as the case
may be, required under the Trust and Servicing Agreement to be so paid on the Distribution Date following the earlier to occur
of (i) the purchase of the Trust Loan and all other property held by the Trust Fund in accordance with Section 9.01(c)
of the Trust and Servicing Agreement; (ii) the exchange by the Sole Owner of its Certificates for the Trust Loan in accordance
with Section 9.01(g) of the Trust and Servicing Agreement and (iii) the later of (a) the receipt or collection
of the last payment due on the Trust Loan included in the Trust Fund, or (b) the liquidation and disposition pursuant to
the Trust and Servicing Agreement of the last asset held by the Trust Fund; provided, however, that in no event
shall the trust created by the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the death
of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the United Kingdom,
living on the date hereof.

 

Unless
the Certificate of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.

 

This
Certificate does not purport to summarize the Trust and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the parties thereto.  This Certificate is issued under and is subject to the terms, provisions and conditions
of the Trust and Servicing Agreement, to which Trust and Servicing Agreement, as amended from time to time, the Holder of this
Certificate by virtue of the 

    A-4-12

     

    

 

acceptance
hereof assents and by which such Holder is bound.  In the case of any conflict between terms specified in this Certificate
and terms specified in the Trust and Servicing Agreement, the terms of the Trust and Servicing Agreement shall govern.

 

    A-4-13

     

    

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Class C Certificate to be duly executed.

 

Dated: __________________

 

	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, not in
    its individual capacity but solely as Certificate Administrator
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

   

Certificate
of Authentication

 

This
is one of the Class C Certificates referred to in the Trust and Servicing Agreement.

 

Dated: __________________

 

	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, not in
    its individual capacity but solely as Authenticating Agent
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    A-4-14

     

    

 

[TO
BE ATTACHED TO GLOBAL CERTIFICATES] SCHEDULE OF EXCHANGES OF GLOBAL CERTIFICATES

 

The
following exchanges of a part of this Global Certificate have been made:

 

    A-4-15

     

    

 

EXHIBIT
A-5

 

FORM
OF CLASS D [RULE 144A]1 [REG S]2 CERTIFICATE

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]3

 

[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]4

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS,
AND ONLY (A)(1) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (2) FOR SO LONG
AS THIS CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO AN INSTITUTIONAL
INVESTOR THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A
(“QUALIFIED INSTITUTIONAL BUYER”) PURCHASING FOR ITS OWN ACCOUNT, OR A PERSON PURCHASING FOR THE ACCOUNT OF ANOTHER
QUALIFIED INSTITUTIONAL BUYER, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER
IS BEING MADE IN RELIANCE ON RULE 144A, (3) IN THE CASE OF

 

 

 

1
For Rule 144A Global Certificates only.

 

2
For Reg S Global Certificates only.

 

3
Legend required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

4
Global Certificate legend.

 

    A-5-1

     

    

 

THE
REGULAR CERTIFICATES, TO AN INSTITUTIONAL INVESTOR THAT IS AN “ACCREDITED INVESTOR” AS SUCH TERM IS DEFINED IN RULE
501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE INSTITUTIONAL
INVESTORS THAT ARE “ACCREDITED INVESTORS” AS SUCH TERM IS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION
D UNDER THE SECURITIES ACT, OR (4) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTION THAT IS A NON-“U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH, RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, AND (B) IN ACCORDANCE WITH ANY OTHER APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.

 

THE
INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN
INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE TRUST AND SERVICING AGREEMENT.
A TRANSFEREE IS ALSO REQUIRED TO DELIVER AN INVESTMENT REPRESENTATION LETTER SUBSTANTIALLY IN THE FORM OF EXHIBIT D-1 TO THE TRUST
AND SERVICING AGREEMENT IF SUCH TRANSFEREE IS A QUALIFIED INSTITUTIONAL BUYER OR (OTHER THAN WITH RESPECT TO A RESIDUAL CERTIFICATE)
AN INSTITUTIONAL ACCREDITED INVESTOR, AND MAY ALSO BE REQUIRED TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A.

 

THIS
CERTIFICATE SHOULD NOT BE PURCHASED BY A TRANSFEREE THAT IS OR BECOMES (A) AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT,
INCLUDING AN INDIVIDUAL RETIREMENT ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN, AS DEFINED IN SECTION 3(32) OF ERISA, OR OTHER PLAN SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR
LAW”) WHICH IS TO A MATERIAL EXTENT SIMILAR TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF ERISA OR TO SECTION 4975 OF THE
CODE (EACH, A “PLAN”), OR (B) A PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN (INCLUDING
ANY ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS BY REASON OF A PLAN’S INVESTMENT IN THE ENTITY (WITHIN THE MEANING
OF DEPARTMENT OF LABOR REGULATIONS SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA)), UNLESS (X) THE TRANSFEREE HAS
ACQUIRED AND IS HOLDING THIS CERTIFICATE IN RELIANCE ON THE EXEMPTION GRANTED TO (I) DEUTSCHE BANK SECURITIES INC., AS DEPARTMENT
FINAL AUTHORIZATION NUMBER 97-03E, (II) Wells Fargo Securities, LLC, as Prohibited Transaction
Exemption 96-22, AND (IIi) MORGAN STANLEY & CO. LLC, PROHIBITED

 

    A-5-2

     

    

 

TRANSACTION
EXEMPTION 90-24, EACH AS AMENDED BY PROHIBITED TRANSACTION EXEMPTION 2013-08,
(COLLECTIVELY, THE “EXEMPTION”) AND IT UNDERSTANDS THAT THERE ARE CERTAIN CONDITIONS TO THE AVAILABILITY OF THE EXEMPTION,
INCLUDING THAT THIS CERTIFICATE MUST BE RATED, AT THE TIME OF PURCHASE, NOT LOWER THAN “BBB-” (OR ITS EQUIVALENT)
BY A RATING AGENCY SET FORTH THEREIN AND THAT THIS CERTIFICATE IS SO RATED AND IT IS AN “ACCREDITED INVESTOR” AS DEFINED
IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, OR (Y) (1) IT IS
AN INSURANCE COMPANY, (2) THE SOURCE OF FUNDS USED TO ACQUIRE OR HOLD THIS CERTIFICATE OR INTEREST THEREIN IS AN “INSURANCE
COMPANY GENERAL ACCOUNT,” AS SUCH TERM IS DEFINED IN PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60 AND
(3) THE CONDITIONS IN SECTIONS I AND III OF PTCE 95-60 HAVE BEEN SATISFIED WITH RESPECT TO THE ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE OR (Z) IN THE CASE OF A TRANSFEREE WHICH IS SUBJECT TO SIMILAR LAW, ITS ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE WILL NOT RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

 

ANY
HOLDER DESIRING TO EFFECT A TRANSFER OF THIS CERTIFICATE SHALL, AND DOES HEREBY AGREE TO, INDEMNIFY THE CERTIFICATE REGISTRAR,
THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE, THE MASTER SERVICER, THE SPECIAL SERVICER AND THE DEPOSITOR AGAINST ANY LIABILITY
THAT MAY RESULT IF THE TRANSFER IS NOT EXEMPT FROM THE SECURITIES ACT OR IS NOT MADE IN ACCORDANCE WITH FEDERAL AND STATE LAWS.

 

THIS
CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN THE DEPOSITOR, ANY ORIGINATOR, THE MASTER SERVICER, THE SPECIAL
SERVICER, THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE UNDERLYING
TRUST LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

PRINCIPAL
PAYMENTS ON THIS CERTIFICATE ARE PAYABLE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

TRANSFERS
AND EXCHANGES OF PORTIONS OF THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS AS PROVIDED IN THE TRUST AND SERVICING AGREEMENT REFERRED
TO BELOW.

 

THIS
CERTIFICATE IS SUBORDINATE TO ONE OR MORE OTHER CLASSES OF CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING
AGREEMENT REFERRED TO HEREIN.

    A-5-3

     

    

 

 

FOR
U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE
INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE
CODE OF 1986, AS AMENDED.

 

[THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT AND, PRIOR TO THE DATE THAT IS 40 DAYS
AFTER THE OFFERING OF THE CERTIFICATES, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO
A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.]1

 

 

 

1
For Reg S Global Certificates only.

 

    A-5-4

     

    

 

CPTS
2019-CPT MORTGAGE TRUST COMMERCIAL MORTGAGE

PASS-THROUGH CERTIFICATES, CLASS D

 

	Class D Pass-Through Rate: The Net Mortgage Rate	 	CUSIP:	12654YAJ81
U1265YAE02
12654YAK53
	 	 	 	 
	 	 	ISIN:	US12654YAJ824
USU1265YAE065
US12654YAK556
	 	 	 	 
	Original Aggregate Certificate Balance of the

Class D Certificates: $119,428,000	 	Initial Certificate Balance of this Certificate: $[______] [FOR GLOBAL CERTIFICATES ONLY: (SUBJECT TO SCHEDULES OF EXCHANGES ATTACHED)]
	 	 	 
	First Distribution Date: December 13, 2019	 	Cut-off Date: November 9, 2019
	 	 	 
	Assumed Final Distribution Date: November 2029	 	No.: D-[__]

  

This
certifies that [_______] is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions
to be made with respect to the Class D Certificates. The Trust Fund, described more fully below, consists primarily of a Trust
Loan secured by, among other things, a first priority mortgage on the fee simple interest in two 44-story, Class A office towers
located in Los Angeles, California, and held in trust by the Trustee and serviced by the Master Servicer. The Trust Fund was created,
and the Trust Loan is to be serviced, pursuant to the Trust and Servicing Agreement (as defined below). The Holder of this Certificate,
by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Trust and Servicing Agreement and is
bound thereby.

 

The
Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”), between
Deutsche Mortgage & Asset Receiving Corporation, as depositor (the “Depositor”), Wells Fargo Bank, National
Association, as master servicer (in such capacity, the “Master Servicer”), CWCapital Asset Management LLC,
as special servicer (the “Special Servicer”), Wilmington Trust, National Association, as trustee (the “Trustee”),
and Wells Fargo Bank, National Association, as certificate administrator (in such capacity, the

 

 

 

1
For Rule 144A Certificates.

 

2
For Regulation S Certificates.

 

3
For IAI Certificates.

 

4
For Rule 144A Certificates.

 

5
For Regulation S Certificates.

 

6
For IAI Certificates.

 

    A-5-5

     

    

 

“Certificate
Administrator”), custodian and paying agent, evidences the issuance of the Class A, Class X, Class B, Class C, Class
D, Class E, Class F, Class R, Class LR and Class VRR Certificates (the “Certificates”; the Holders of Certificates
issued under the Trust and Servicing Agreement are collectively referred to herein as “Certificateholders”).
This Certificate is issued pursuant to, and in accordance with, the terms of the Trust and Servicing Agreement. To the extent
not defined herein, capitalized terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended. Each Holder of this
Certificate, by acceptance hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in
accordance with the preceding sentence for purposes of federal income taxes, state and local income and franchise taxes and other
taxes imposed on or measured by income.

 

The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement. In the event that there is any conflict between any provision of this Certificate and
any provision of the Trust and Servicing Agreement, such provision of this Certificate shall be superseded by the Trust and Servicing
Agreement to the extent of such inconsistency.

 

Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator, or the Paying Agent on behalf of the Certificate
Administrator, will distribute (other than the final distribution on any Certificate), on the fourth Business Day after each Determination
Date (each such date, a “Distribution Date”) an amount equal to such Person’s pro rata share (based on
the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then
distributable, if any, allocable to the Class D Certificates for such Distribution Date, all as more fully described in the Trust
and Servicing Agreement. “Determination Date” is defined in the Trust and Servicing Agreement as the 9th day of each
calendar month, or if such 9th day is not a Business Day, then the immediately preceding Business Day, commencing in December
2019. Holders of this Certificate may be entitled to Prepayment Charges as provided in the Trust and Servicing Agreement.

 

During
each Certificate Interest Accrual Period (as defined below), interest on the Class D Certificates will be calculated based on
a 360-day year consisting of twelve 30-day months, on the outstanding Certificate Balance hereof.

 

Interest
accrued on this Certificate during a Certificate Interest Accrual Period, plus the aggregate unpaid Class Interest Shortfall with
respect to this Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Trust and
Servicing Agreement. The “Certificate Interest Accrual Period” means, with respect to any Distribution Date, the calendar
month immediately preceding the month in which such Distribution Date occurs. The Certificate Interest Accrual Period is assumed
to consist of 30 days.

 

    A-5-6

     

    

 

All
distributions (other than the final distribution on any Certificate) will be made by the Paying Agent to the persons in whose
names the Certificates are registered at the close of business on each Record Date, which will be the close of business on the
last Business Day of the calendar month immediately preceding the month in which such Distribution Date occurs. Such distributions
shall be made on each Distribution Date other than the Termination Date to each Certificateholder of record on the related Record
Date, by wire transfer of immediately available funds to the account of such Holder at a bank or other entity located in the United
States and having appropriate facilities therefor; provided that such Holder shall have provided the Paying Agent with
wire instructions in writing at least five Business Days prior to the related Record Date, or, otherwise, by check mailed by first-class
mail to the address set forth therefor in the Certificate Register. The final distribution on each Certificate shall be made in
like manner, but only upon presentment and surrender of such Certificate at the office of the Certificate Administrator or its
agent (which may be the Paying Agent or the Certificate Registrar acting as such agent) that is specified in the notice to Holders
of such final distribution.

 

Any
funds not distributed on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall,
on such date, be set aside and held in trust for the benefit of the appropriate non-tendering Certificateholders. If any Certificates
as to which notice of the Termination Date has been given pursuant to the Trust and Servicing Agreement shall not have been surrendered
for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail a second
notice to the remaining non-tendering Certificateholders, at their last addresses shown in the Certificate Register, to surrender
their Certificates for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If
within one year after the second notice not all of such Certificates shall have been surrendered for cancellation, the Certificate
Administrator may, directly or through an agent, take appropriate steps to contact the remaining non-tendering Certificateholders
concerning surrender of their Certificates. The costs and expenses of holding such funds in trust and of contacting such Certificateholders
shall be paid out of such funds. If within two years after the second notice any such Certificates shall not have been surrendered
for cancellation, the Paying Agent shall pay to the Certificate Administrator all amounts distributable to the Holders thereof,
and the Certificate Administrator shall thereafter hold such amounts for the benefit of such Holders until the earlier of (i)
its termination as Certificate Administrator under the Trust and Servicing Agreement and the transfer of such amounts to a successor
certificate administrator and (ii) the termination of the Trust Fund and distribution of such amounts to the Class R Certificateholders.
No interest shall accrue or be payable to any Certificateholder on any amount held as a result of such Certificateholder’s
failure to surrender its Certificate(s) for final payment thereof in accordance with the Trust and Servicing Agreement. Such funds
held by the Certificate Administrator may be invested under certain circumstances, and all income and gain realized from investment
of such funds shall accrue for its benefit.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.

 

As
provided in the Trust and Servicing Agreement, the Trust Fund includes (in each case, to the extent of the Trust Fund’s
interest therein) (i) the Trust Loan, together with the Mortgage File relating thereto; (ii) all scheduled or unscheduled
payments on or collections in

 

    A-5-7

     

    

 

respect
of the Trust Loan due after the Cut-off Date; (iii) any REO Property; (iv) all revenues received in respect of any REO Property;
(v) any indemnities or guaranties given as additional security for the Trust Loan; (vi) a security interest in all assets deposited
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts, and Reserve Accounts; (vii) amounts on deposit in the Collection
Account attributable to the Trust Loan as identified on the Trust Ledger, the Distribution Accounts, the Interest Reserve Account
or the REO Account, including any reinvestment income, as applicable; (viii) a security interest in any environmental indemnity
agreements relating to the Mortgaged Property; (ix) a security interest in all insurance policies with respect to the Trust Loan
and the Mortgaged Property; (x) the rights and remedies under the Trust Loan Purchase Agreements relating to document delivery
requirements with respect to the Trust Loan and the representations and warranties of the Trust Loan Sellers regarding the Trust
Loan; (xi) the Lower-Tier Regular Interests; and (xii) the proceeds of the foregoing (other than any interest earned on deposits
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts and any Reserve Accounts, to the extent such interest belongs
to the Borrower). As provided in the Trust and Servicing Agreement, withdrawals may be made from certain of the above-accounts
for purposes other than distributions to Certificateholders.

 

This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator.

 

As
provided in the Trust and Servicing Agreement and subject to certain limitations set forth therein, this Certificate is transferable
or exchangeable only upon surrender of this Certificate to the Certificate Registrar at its offices together with an assignment
and transfer (executed by the Holder or his duly authorized attorney), subject to the requirements in Article V of the Trust and
Servicing Agreement. Upon surrender for registration of transfer of this Certificate, subject to the requirements Article V of
the Trust and Servicing Agreement, the Certificate Administrator shall execute and the Authenticating Agent shall duly authenticate
in the name of the designated transferee or transferees, one or more new Certificates in authorized denominations of a like aggregate
denomination as the Certificate being surrendered. Such Certificates shall be delivered by the Certificate Registrar in accordance
with Article V of the Trust and Servicing Agreement.

 

Prior
to due presentation of this Certificate for registration of transfer, the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, the Certificate Registrar, any Paying Agent and any agent of any of them may treat
the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master
Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Certificate Registrar, any Paying Agent or any
agent of any of them shall be affected by notice or knowledge to the contrary.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange referred to in Section 5.02 of the Trust and Servicing Agreement other than for transfers to Institutional Accredited
Investors as provided in Section 5.02(h) of the Trust and Servicing Agreement. In connection with any transfer to an Institutional
Accredited Investor, the transferor shall reimburse the Trust Fund for 

    A-5-8

     

    

 

any
costs (including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions,
submitted by the transferor or transferee to the Certificate Registrar as provided in the Trust and Servicing Agreement) incurred
by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each transferor
of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer.

 

The
Trust and Servicing Agreement or any Custodial Agreement may be amended at any time by the Depositor, the Master Servicer, the
Special Servicer, the Certificate Administrator and the Trustee without the consent of any of the Certificateholders or the Companion
Loan Holders, (i) to cure any ambiguity or to correct any error; (ii) to cause the provisions of the Trust and Servicing Agreement
to conform or be consistent with or in furtherance of the statements made in the Offering Circular with respect to the Certificates,
the Trust or the Trust and Servicing Agreement or to correct or supplement any provisions of the Trust and Servicing Agreement
or the Offering Circular which may be defective or inconsistent with any other provisions of the Trust and Servicing Agreement
or the Offering Circular; (iii) to amend any provision of the Trust and Servicing Agreement to the extent necessary or desirable
to maintain the rating or ratings assigned to each of the Classes of Certificates or Companion Loan Securities by each Rating
Agency (provided that such amendment does not adversely affect in any material respect (x) the rights or interests of any
Certificateholder or Companion Loan Holder not consenting thereto or (y) the rights or interests of the Directing Holder without
the consent of the Holders of Certificates representing 100% of the Controlling Class); (iv) to amend or supplement a provision,
or to supplement any other provisions to the extent not inconsistent with the provisions of the Trust and Servicing Agreement,
or any other change that will not adversely affect in any material respect the interests of any Certificateholder or Companion
Loan Holder not consenting thereto (as evidenced in writing by an Opinion of Counsel or, if solely affecting any Certificateholder
of a rated Class or a Companion Loan Holder of rated Companion Loan Securities, in respect of which a No Downgrade Confirmation
has been obtained relating to the Certificates or the Companion Loan Securities, if applicable); (v) to modify, eliminate or add
to any of its provisions in the event the Credit Risk Retention Rules or any other regulations applicable to the risk retention
requirements for this securitization transaction are amended or repealed in whole or in part, to the extent required to comply
with any such amendment or, to the extent applicable, to modify or eliminate the affected provision(s) related to the risk retention
requirements in the event of such repeal; and (vi) to modify the procedures of the Trust and Servicing Agreement relating to compliance
with Rule 17g-5 of the Exchange Act; provided that such modification would not (a) materially increase the obligations
or decrease the rights of the Depositor, the Trustee, the Paying Agent, the Certificate Administrator, the 17g-5 Information Provider,
the Master Servicer or the Special Servicer without such parties’ consent, (b) reduce the consent or consultation rights
or the right to receive information under the Trust and Servicing Agreement of the Directing Holder without the consent of the
Directing Holder or (c) adversely affect in any material respect the interests of any Certificateholders or any Companion Loan
Holder not consenting thereto, as evidenced by in the case of clauses (iii), (iv) and (vi) above by (x) an Opinion of Counsel
or (y) solely in the case of a Certificateholder of a rated Class, receipt of a No Downgrade Confirmation from each Rating Agency
and a No Downgrade Confirmation with respect to any Companion Loan Securities. In no event shall any such amendment cause the
Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or subject either REMIC to tax.

 

    A-5-9

     

    

 

The
Trust and Servicing Agreement or any Custodial Agreement may also be amended from time to time by the Depositor, the Master Servicer,
the Special Servicer, the Certificate Administrator and the Trustee with the prior written consent of the Holders of Certificates
representing not less than 66-2/3% of the Percentage Interests of each Class of Certificates (without regard to Certificates held
by the Depositor, any of the Depositor’s Affiliates and/or agents or the Trust Loan Sellers) and the Companion Loan Holders
affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of
the Trust and Servicing Agreement or modifying in any manner the rights of the Certificateholders; provided, however, that no
such amendment may:

 

		(i)	reduce
                                         in any manner the amount of, or delay the timing of, payments received on the Whole Loan
                                         which are required to be distributed on any Certificate, without the consent of the Holders
                                         of Certificates representing all of the Percentage Interests of the Class or Classes
                                         affected thereby or which are required to be distributed to any Companion Loan Holders
                                         without the consent of such Companion Loan Holder;

 

		(ii)	alter
                                         the Servicing Standard or obligations of the Master Servicer or the Trustee to make a
                                         P&I Advance, Administrative Advance or a Property Advance, without the consent of
                                         the Holders of the Certificates representing all of the Percentage Interests of the Class
                                         or Classes affected thereby and the consent of any affected Companion Loan Holder);

 

		(iii)	change
                                         the percentages of Voting Rights or Percentage Interests of Holders of Certificates which
                                         are required to consent to any action or inaction under the Trust and Servicing Agreement
                                         without the consent of the Holders of Certificates representing all of the Percentage
                                         Interests of the Class or Classes affected thereby and the consent of any affected Companion
                                         Loan Holder; or

 

		(iv)	amend
                                         any section of the Trust and Servicing Agreement which relates to the amendment of the
                                         Trust and Servicing Agreement without the consent of the Holders of all Certificates
                                         representing all of the Percentage Interests of the Class or Classes affected thereby
                                         and the consent of any affected Companion Loan Holder.

 

Further,
the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee, at any time and from
time to time, without the consent of the Certificateholders or the Companion Loan Holders, may amend the Trust and Servicing Agreement
to modify, eliminate or add to any of its provisions to such extent as shall be necessary: (i) to maintain the qualification of
the Lower-Tier REMIC or the Upper-Tier REMIC as a REMIC, or to prevent the imposition of any additional material state or local
taxes, at all times that any Certificates are outstanding; provided that such action, as evidenced by an Opinion of Counsel
(obtained at the expense of the Trust Fund), is necessary or helpful to maintain such qualification or to prevent the imposition
of any such taxes, and would not adversely affect in any material respect the interest of any Certificateholder or the Companion

    A-5-10

     

    

 

Loan
Holders or (ii) to comply with the Investment Company Act of 1940, as amended, and/or any related regulatory actions and/or interpretations.

 

The
Directing Holder and, if the Directing Holder does not exercise such option, then the Special Servicer and if the Special Servicer
does not exercise such option, then the Master Servicer, and if the Master Servicer does not exercise such option, then
the Holder of a majority Percentage Interest in the Class R and Class LR Certificates, may effect an early termination of
the Trust Fund (provided that such party has provided 15 Business Days’ prior notice to each of the parties with
such option and none of the parties with a higher priority has elected to exercise such option within such 15 Business Day period),
upon not less than 30 days’ prior Notice of Termination (which Notice of Termination shall satisfy the notice requirement
of the proviso) given to the Trustee, the Certificate Administrator, the Special Servicer and the Master Servicer any time on
or after the Early Termination Notice Date specifying the Anticipated Final Termination Date, by purchasing on such date all,
but not less than all, of the Trust Loan then included in the Trust Fund, and the Trust’s interest in all property acquired
in respect of the Trust Loan, at a purchase price, payable in cash, equal to the greater of,

 

(i)
       the sum of, without duplication:

 

		(A)	100%
                                         the outstanding principal balance of the Trust Loan as of the last day of the month preceding
                                         such Anticipated Final Termination Date (less any P&I Advances previously made on
                                         account of principal);

 

		(B)	the
                                         fair market value of all other property included in the Trust Fund as of the last day
                                         of the month preceding such Anticipated Final Termination Date, as determined by an Independent
                                         appraiser acceptable to the Master Servicer as of a date not more than 30 days prior
                                         to the last day of the month preceding such Distribution Date;

 

		(C)	all
                                         unpaid interest accrued on the outstanding principal balance of the Trust Loan (including
                                         circumstances where title to the Mortgaged Property has been acquired) at the Trust
                                         Loan Rate to the last day of the Whole Loan Interest Accrual Period preceding such Anticipated
                                         Final Termination Date (less any P&I Advances previously made on account of interest);

 

		(D)	the
                                         aggregate amount of unreimbursed Advances, with interest thereon at the Advance Rate,
                                         unpaid Servicing Compensation, Special Servicing Compensation, Trustee/Certificate Administrator
                                         Fees, the CREFC® License Fee and Trust Fund expenses and indemnity amounts
                                         owed by the Trust; and

 

(ii)       the
aggregate fair market value of the Trust Loan, and all other property acquired in respect of the Trust Loan in the Trust Fund,
on the last day of the month preceding such Distribution Date, as determined by an Independent appraiser acceptable 

    A-5-11

     

    

 

to
the Master Servicer as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date, together
with one month’s interest thereon at the Trust Loan Rate.

 

In
addition, the Trust and Servicing Agreement provides that the Sole Owner shall have the right to exchange all of its Certificates
for the Trust Loan or REO Property, as applicable, as contemplated by clause (ii) of Section 9.01(a) of the Trust and Servicing
Agreement by giving written notice to all the parties to the Trust and Servicing Agreement no later than 60 days prior to the
anticipated date of exchange.

 

All
costs and expenses incurred by any and all parties to the Trust and Servicing Agreement or by the Trust Fund in connection with
the purchase of the Trust Loan and the other assets of the Trust Fund pursuant to Section 9.01(c) of the Trust and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Trustee and the Certificate Administrator
shall be entitled to rely conclusively on any determination made by an Independent appraiser pursuant to Section 9.01(c)
of the Trust and Servicing Agreement.

 

The
respective obligations and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator
and the Trustee created by the Trust and Servicing Agreement with respect to the Certificates (other than the obligations of the
Certificate Administrator to make certain payments and to send certain notices to Certificateholders as set forth in the Trust
and Servicing Agreement) shall terminate upon payment (or provision for payment) to the Certificateholders and the Companion Loan
Holders of all amounts held by or on behalf of the Trustee, the Certificate Administrator and the Master Servicer, as the case
may be, required under the Trust and Servicing Agreement to be so paid on the Distribution Date following the earlier to occur
of (i) the purchase of the Trust Loan and all other property held by the Trust Fund in accordance with Section 9.01(c)
of the Trust and Servicing Agreement; (ii) the exchange by the Sole Owner of its Certificates for the Trust Loan in accordance
with Section 9.01(g) of the Trust and Servicing Agreement and (iii) the later of (a) the receipt or collection
of the last payment due on the Trust Loan included in the Trust Fund, or (b) the liquidation and disposition pursuant to
the Trust and Servicing Agreement of the last asset held by the Trust Fund; provided, however, that in no event
shall the trust created by the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the death
of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the United Kingdom,
living on the date hereof.

 

Unless
the Certificate of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.

 

This
Certificate does not purport to summarize the Trust and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the parties thereto.  This Certificate is issued under and is subject to the terms, provisions and conditions
of the Trust and Servicing Agreement, to which Trust and Servicing Agreement, as amended from time to time, the Holder of this
Certificate by virtue of the 

    A-5-12

     

    

 

acceptance
hereof assents and by which such Holder is bound.  In the case of any conflict between terms specified in this Certificate
and terms specified in the Trust and Servicing Agreement, the terms of the Trust and Servicing Agreement shall govern.

 

    A-5-13

     

    

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Class D Certificate to be duly executed.

 

Dated: _______________

 

	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, not in
    its individual capacity but solely as Certificate Administrator
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Certificate
of Authentication

 

This
is one of the Class D Certificates referred to in the Trust and Servicing Agreement.

 

Dated: _______________

 

	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, not in
    its individual capacity but solely as Authenticating Agent
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

    A-5-14

     

    

 

[TO
BE ATTACHED TO GLOBAL CERTIFICATES] SCHEDULE OF EXCHANGES OF GLOBAL CERTIFICATES

 

The
following exchanges of a part of this Global Certificate have been made:

 

    A-5-15

     

    

 

EXHIBIT
A-6

 

FORM
OF CLASS E [RULE 144A]1 [REG S]2 CERTIFICATE

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]3

 

[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]4

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS,
AND ONLY (A)(1) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (2) FOR SO LONG
AS THIS CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO AN INSTITUTIONAL
INVESTOR THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A
(“QUALIFIED INSTITUTIONAL BUYER”) PURCHASING FOR ITS OWN ACCOUNT, OR A PERSON PURCHASING FOR THE ACCOUNT OF ANOTHER
QUALIFIED INSTITUTIONAL BUYER, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER
IS BEING MADE IN RELIANCE ON RULE 144A, (3) IN THE CASE OF

 

 

 

1
For Rule 144A Global Certificates only.

 

2
For Reg S Global Certificates only.

 

3
Legend required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

4
Global Certificate legend.

 

    A-6-1

     

    

 

THE
REGULAR CERTIFICATES, TO AN INSTITUTIONAL INVESTOR THAT IS AN “ACCREDITED INVESTOR” AS SUCH TERM IS DEFINED IN RULE
501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE INSTITUTIONAL
INVESTORS THAT ARE “ACCREDITED INVESTORS” AS SUCH TERM IS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION
D UNDER THE SECURITIES ACT, OR (4) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTION THAT IS A NON-“U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH, RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, AND (B) IN ACCORDANCE WITH ANY OTHER APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.

 

THE
INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN
INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE TRUST AND SERVICING AGREEMENT.
A TRANSFEREE IS ALSO REQUIRED TO DELIVER AN INVESTMENT REPRESENTATION LETTER SUBSTANTIALLY IN THE FORM OF EXHIBIT D-1 TO THE TRUST
AND SERVICING AGREEMENT IF SUCH TRANSFEREE IS A QUALIFIED INSTITUTIONAL BUYER OR (OTHER THAN WITH RESPECT TO A RESIDUAL CERTIFICATE)
AN INSTITUTIONAL ACCREDITED INVESTOR, AND MAY ALSO BE REQUIRED TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A.

 

THIS
CERTIFICATE SHOULD NOT BE PURCHASED BY A TRANSFEREE THAT IS OR BECOMES (A) AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT,
INCLUDING AN INDIVIDUAL RETIREMENT ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN, AS DEFINED IN SECTION 3(32) OF ERISA, OR OTHER PLAN SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR
LAW”) WHICH IS TO A MATERIAL EXTENT SIMILAR TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF ERISA OR TO SECTION 4975 OF THE
CODE (EACH, A “PLAN”), OR (B) A PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN (INCLUDING
ANY ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS BY REASON OF A PLAN’S INVESTMENT IN THE ENTITY (WITHIN THE MEANING
OF DEPARTMENT OF LABOR REGULATIONS SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA)), UNLESS (X) THE TRANSFEREE HAS
ACQUIRED AND IS HOLDING THIS CERTIFICATE IN RELIANCE ON THE EXEMPTION GRANTED TO (I) DEUTSCHE BANK SECURITIES INC., AS DEPARTMENT
FINAL AUTHORIZATION NUMBER 97-03E, (II) Wells Fargo Securities, LLC, as Prohibited Transaction
Exemption 96-22, AND (IIi) MORGAN STANLEY & CO. LLC, PROHIBITED 

    A-6-2

     

    

 

TRANSACTION
EXEMPTION 90-24, EACH AS AMENDED BY PROHIBITED TRANSACTION EXEMPTION 2013-08,
(COLLECTIVELY, THE “EXEMPTION”) AND IT UNDERSTANDS THAT THERE ARE CERTAIN CONDITIONS TO THE AVAILABILITY OF THE EXEMPTION,
INCLUDING THAT THIS CERTIFICATE MUST BE RATED, AT THE TIME OF PURCHASE, NOT LOWER THAN “BBB-” (OR ITS EQUIVALENT)
BY A RATING AGENCY SET FORTH THEREIN AND THAT THIS CERTIFICATE IS SO RATED AND IT IS AN “ACCREDITED INVESTOR” AS DEFINED
IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, OR (Y) (1) IT IS
AN INSURANCE COMPANY, (2) THE SOURCE OF FUNDS USED TO ACQUIRE OR HOLD THIS CERTIFICATE OR INTEREST THEREIN IS AN “INSURANCE
COMPANY GENERAL ACCOUNT,” AS SUCH TERM IS DEFINED IN PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60 AND
(3) THE CONDITIONS IN SECTIONS I AND III OF PTCE 95-60 HAVE BEEN SATISFIED WITH RESPECT TO THE ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE OR (Z) IN THE CASE OF A TRANSFEREE WHICH IS SUBJECT TO SIMILAR LAW, ITS ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE WILL NOT RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

 

ANY
HOLDER DESIRING TO EFFECT A TRANSFER OF THIS CERTIFICATE SHALL, AND DOES HEREBY AGREE TO, INDEMNIFY THE CERTIFICATE REGISTRAR,
THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE, THE MASTER SERVICER, THE SPECIAL SERVICER AND THE DEPOSITOR AGAINST ANY LIABILITY
THAT MAY RESULT IF THE TRANSFER IS NOT EXEMPT FROM THE SECURITIES ACT OR IS NOT MADE IN ACCORDANCE WITH FEDERAL AND STATE LAWS.

 

THIS
CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN THE DEPOSITOR, ANY ORIGINATOR, THE MASTER SERVICER, THE SPECIAL
SERVICER, THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE UNDERLYING
TRUST LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

PRINCIPAL
PAYMENTS ON THIS CERTIFICATE ARE PAYABLE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

TRANSFERS
AND EXCHANGES OF PORTIONS OF THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS AS PROVIDED IN THE TRUST AND SERVICING AGREEMENT REFERRED
TO BELOW.

 

THIS
CERTIFICATE IS SUBORDINATE TO ONE OR MORE OTHER CLASSES OF CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING
AGREEMENT REFERRED TO HEREIN.

    A-6-3

     

    

 

 

FOR
U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE
INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE
CODE OF 1986, AS AMENDED.

 

[THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT AND, PRIOR TO THE DATE THAT IS 40 DAYS
AFTER THE OFFERING OF THE CERTIFICATES, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO
A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.]1

 

 

 

1
For Reg S Global Certificates only.

 

    A-6-4

     

    

 

CPTS
2019-CPT MORTGAGE TRUST COMMERCIAL MORTGAGE

PASS-THROUGH CERTIFICATES, CLASS E

 

	Class E Pass-Through Rate: The Net Mortgage Rate	 	CUSIP:	12654YAL31
U1265YAF72
12654YAM13
	 	 	 	 
	 	 	ISIN:	US12654YAL394
USU1265YAF705
US12654YAM126
	 	 	 	 
	Original Aggregate Certificate Balance of the Class E Certificates: $139,950,000	 	Initial Certificate Balance of this Certificate: $[______] [FOR GLOBAL CERTIFICATES ONLY: (SUBJECT TO SCHEDULES OF EXCHANGES ATTACHED)]
	 	 	 
	First Distribution Date: December 13, 2019	 	Cut-off Date: November 9, 2019
	 	 	 
	Assumed Final Distribution Date: November 2029	 	No.: E-[__]

 

This
certifies that [_______] is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions
to be made with respect to the Class E Certificates. The Trust Fund, described more fully below, consists primarily of a Trust
Loan secured by, among other things, a first priority mortgage on the fee simple interest in two 44-story, Class A office towers
located in Los Angeles, California, and held in trust by the Trustee and serviced by the Master Servicer. The Trust Fund was created,
and the Trust Loan is to be serviced, pursuant to the Trust and Servicing Agreement (as defined below). The Holder of this Certificate,
by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Trust and Servicing Agreement and is
bound thereby.

 

The
Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”), between
Deutsche Mortgage & Asset Receiving Corporation, as depositor (the “Depositor”), Wells Fargo Bank, National
Association, as master servicer (in such capacity, the “Master Servicer”), CWCapital Asset Management LLC,
as special servicer (the “Special Servicer”), Wilmington Trust, National Association, as trustee (the “Trustee”),
and

 

 

 

1
                                         For Rule 144A Certificates.

 

2
For Regulation S Certificates.

 

3
For IAI Certificates.

 

4
For Rule 144A Certificates.

 

5
For Regulation S Certificates.

 

6
For IAI Certificates.

 

    A-6-5

     

    

 

Wells
Fargo Bank, National Association, as certificate administrator (in such capacity, the “Certificate Administrator”),
custodian and paying agent, evidences the issuance of the Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class
R, Class LR and Class VRR Certificates (the “Certificates”; the Holders of Certificates issued under the Trust
and Servicing Agreement are collectively referred to herein as “Certificateholders”). This Certificate is issued
pursuant to, and in accordance with, the terms of the Trust and Servicing Agreement. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended. Each Holder of this
Certificate, by acceptance hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in
accordance with the preceding sentence for purposes of federal income taxes, state and local income and franchise taxes and other
taxes imposed on or measured by income.

 

The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement. In the event that there is any conflict between any provision of this Certificate and
any provision of the Trust and Servicing Agreement, such provision of this Certificate shall be superseded by the Trust and Servicing
Agreement to the extent of such inconsistency.

 

Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator, or the Paying Agent on behalf of the Certificate
Administrator, will distribute (other than the final distribution on any Certificate), on the fourth Business Day after each Determination
Date (each such date, a “Distribution Date”) an amount equal to such Person’s pro rata share (based on
the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then
distributable, if any, allocable to the Class E Certificates for such Distribution Date, all as more fully described in the Trust
and Servicing Agreement. “Determination Date” is defined in the Trust and Servicing Agreement as the 9th day of each
calendar month, or if such 9th day is not a Business Day, then the immediately preceding Business Day, commencing in December
2019. Holders of this Certificate may be entitled to Prepayment Charges as provided in the Trust and Servicing Agreement.

 

During
each Certificate Interest Accrual Period (as defined below), interest on the Class E Certificates will be calculated based on
a 360-day year consisting of twelve 30-day months, on the outstanding Certificate Balance hereof.

 

Interest
accrued on this Certificate during a Certificate Interest Accrual Period, plus the aggregate unpaid Class Interest Shortfall with
respect to this Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Trust and
Servicing Agreement. The “Certificate Interest Accrual Period” means, with respect to any Distribution Date, the calendar
month immediately preceding the month in which such Distribution Date occurs. The Certificate Interest Accrual Period is assumed
to consist of 30 days.

 

    A-6-6

     

    

 

All
distributions (other than the final distribution on any Certificate) will be made by the Paying Agent to the persons in whose
names the Certificates are registered at the close of business on each Record Date, which will be the close of business on the
last Business Day of the calendar month immediately preceding the month in which such Distribution Date occurs. Such distributions
shall be made on each Distribution Date other than the Termination Date to each Certificateholder of record on the related Record
Date, by wire transfer of immediately available funds to the account of such Holder at a bank or other entity located in the United
States and having appropriate facilities therefor; provided that such Holder shall have provided the Paying Agent with
wire instructions in writing at least five Business Days prior to the related Record Date, or, otherwise, by check mailed by first-class
mail to the address set forth therefor in the Certificate Register. The final distribution on each Certificate shall be made in
like manner, but only upon presentment and surrender of such Certificate at the office of the Certificate Administrator or its
agent (which may be the Paying Agent or the Certificate Registrar acting as such agent) that is specified in the notice to Holders
of such final distribution.

 

Any
funds not distributed on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall,
on such date, be set aside and held in trust for the benefit of the appropriate non-tendering Certificateholders. If any Certificates
as to which notice of the Termination Date has been given pursuant to the Trust and Servicing Agreement shall not have been surrendered
for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail a second
notice to the remaining non-tendering Certificateholders, at their last addresses shown in the Certificate Register, to surrender
their Certificates for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If
within one year after the second notice not all of such Certificates shall have been surrendered for cancellation, the Certificate
Administrator may, directly or through an agent, take appropriate steps to contact the remaining non-tendering Certificateholders
concerning surrender of their Certificates. The costs and expenses of holding such funds in trust and of contacting such Certificateholders
shall be paid out of such funds. If within two years after the second notice any such Certificates shall not have been surrendered
for cancellation, the Paying Agent shall pay to the Certificate Administrator all amounts distributable to the Holders thereof,
and the Certificate Administrator shall thereafter hold such amounts for the benefit of such Holders until the earlier of (i)
its termination as Certificate Administrator under the Trust and Servicing Agreement and the transfer of such amounts to a successor
certificate administrator and (ii) the termination of the Trust Fund and distribution of such amounts to the Class R Certificateholders.
No interest shall accrue or be payable to any Certificateholder on any amount held as a result of such Certificateholder’s
failure to surrender its Certificate(s) for final payment thereof in accordance with the Trust and Servicing Agreement. Such funds
held by the Certificate Administrator may be invested under certain circumstances, and all income and gain realized from investment
of such funds shall accrue for its benefit.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.

 

As
provided in the Trust and Servicing Agreement, the Trust Fund includes (in each case, to the extent of the Trust Fund’s
interest therein) (i) the Trust Loan, together with the Mortgage File relating thereto; (ii) all scheduled or unscheduled
payments on or collections in 

    A-6-7

     

    

 

respect
of the Trust Loan due after the Cut-off Date; (iii) any REO Property; (iv) all revenues received in respect of any REO Property;
(v) any indemnities or guaranties given as additional security for the Trust Loan; (vi) a security interest in all assets deposited
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts, and Reserve Accounts; (vii) amounts on deposit in the Collection
Account attributable to the Trust Loan as identified on the Trust Ledger, the Distribution Accounts, the Interest Reserve Account
or the REO Account, including any reinvestment income, as applicable; (viii) a security interest in any environmental indemnity
agreements relating to the Mortgaged Property; (ix) a security interest in all insurance policies with respect to the Trust Loan
and the Mortgaged Property; (x) the rights and remedies under the Trust Loan Purchase Agreements relating to document delivery
requirements with respect to the Trust Loan and the representations and warranties of the Trust Loan Sellers regarding the Trust
Loan; (xi) the Lower-Tier Regular Interests; and (xii) the proceeds of the foregoing (other than any interest earned on deposits
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts and any Reserve Accounts, to the extent such interest belongs
to the Borrower). As provided in the Trust and Servicing Agreement, withdrawals may be made from certain of the above-accounts
for purposes other than distributions to Certificateholders.

 

This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator.

 

As
provided in the Trust and Servicing Agreement and subject to certain limitations set forth therein, this Certificate is transferable
or exchangeable only upon surrender of this Certificate to the Certificate Registrar at its offices together with an assignment
and transfer (executed by the Holder or his duly authorized attorney), subject to the requirements in Article V of the Trust and
Servicing Agreement. Upon surrender for registration of transfer of this Certificate, subject to the requirements Article V of
the Trust and Servicing Agreement, the Certificate Administrator shall execute and the Authenticating Agent shall duly authenticate
in the name of the designated transferee or transferees, one or more new Certificates in authorized denominations of a like aggregate
denomination as the Certificate being surrendered. Such Certificates shall be delivered by the Certificate Registrar in accordance
with Article V of the Trust and Servicing Agreement.

 

Prior
to due presentation of this Certificate for registration of transfer, the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, the Certificate Registrar, any Paying Agent and any agent of any of them may treat
the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master
Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Certificate Registrar, any Paying Agent or any
agent of any of them shall be affected by notice or knowledge to the contrary.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange referred to in Section 5.02 of the Trust and Servicing Agreement other than for transfers to Institutional Accredited
Investors as provided in Section 5.02(h) of the Trust and Servicing Agreement. In connection with any transfer to an Institutional
Accredited Investor, the transferor shall reimburse the Trust Fund for 

    A-6-8

     

    

 

any
costs (including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions,
submitted by the transferor or transferee to the Certificate Registrar as provided in the Trust and Servicing Agreement) incurred
by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each transferor
of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer.

 

The
Trust and Servicing Agreement or any Custodial Agreement may be amended at any time by the Depositor, the Master Servicer, the
Special Servicer, the Certificate Administrator and the Trustee without the consent of any of the Certificateholders or the Companion
Loan Holders, (i) to cure any ambiguity or to correct any error; (ii) to cause the provisions of the Trust and Servicing Agreement
to conform or be consistent with or in furtherance of the statements made in the Offering Circular with respect to the Certificates,
the Trust or the Trust and Servicing Agreement or to correct or supplement any provisions of the Trust and Servicing Agreement
or the Offering Circular which may be defective or inconsistent with any other provisions of the Trust and Servicing Agreement
or the Offering Circular; (iii) to amend any provision of the Trust and Servicing Agreement to the extent necessary or desirable
to maintain the rating or ratings assigned to each of the Classes of Certificates or Companion Loan Securities by each Rating
Agency (provided that such amendment does not adversely affect in any material respect (x) the rights or interests of any
Certificateholder or Companion Loan Holder not consenting thereto or (y) the rights or interests of the Directing Holder without
the consent of the Holders of Certificates representing 100% of the Controlling Class); (iv) to amend or supplement a provision,
or to supplement any other provisions to the extent not inconsistent with the provisions of the Trust and Servicing Agreement,
or any other change that will not adversely affect in any material respect the interests of any Certificateholder or Companion
Loan Holder not consenting thereto (as evidenced in writing by an Opinion of Counsel or, if solely affecting any Certificateholder
of a rated Class or a Companion Loan Holder of rated Companion Loan Securities, in respect of which a No Downgrade Confirmation
has been obtained relating to the Certificates or the Companion Loan Securities, if applicable); (v) to modify, eliminate or add
to any of its provisions in the event the Credit Risk Retention Rules or any other regulations applicable to the risk retention
requirements for this securitization transaction are amended or repealed in whole or in part, to the extent required to comply
with any such amendment or, to the extent applicable, to modify or eliminate the affected provision(s) related to the risk retention
requirements in the event of such repeal; and (vi) to modify the procedures of the Trust and Servicing Agreement relating to compliance
with Rule 17g-5 of the Exchange Act; provided that such modification would not (a) materially increase the obligations
or decrease the rights of the Depositor, the Trustee, the Paying Agent, the Certificate Administrator, the 17g-5 Information Provider,
the Master Servicer or the Special Servicer without such parties’ consent, (b) reduce the consent or consultation rights
or the right to receive information under the Trust and Servicing Agreement of the Directing Holder without the consent of the
Directing Holder or (c) adversely affect in any material respect the interests of any Certificateholders or any Companion Loan
Holder not consenting thereto, as evidenced by in the case of clauses (iii), (iv) and (vi) above by (x) an Opinion of Counsel
or (y) solely in the case of a Certificateholder of a rated Class, receipt of a No Downgrade Confirmation from each Rating Agency
and a No Downgrade Confirmation with respect to any Companion Loan Securities. In no event shall any such amendment cause the
Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or subject either REMIC to tax.

 

    A-6-9

     

    

 

The
Trust and Servicing Agreement or any Custodial Agreement may also be amended from time to time by the Depositor, the Master Servicer,
the Special Servicer, the Certificate Administrator and the Trustee with the prior written consent of the Holders of Certificates
representing not less than 66-2/3% of the Percentage Interests of each Class of Certificates (without regard to Certificates held
by the Depositor, any of the Depositor’s Affiliates and/or agents or the Trust Loan Sellers) and the Companion Loan Holders
affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of
the Trust and Servicing Agreement or modifying in any manner the rights of the Certificateholders; provided, however, that no
such amendment may:

 

		(i)	reduce
                                         in any manner the amount of, or delay the timing of, payments received on the Whole Loan
                                         which are required to be distributed on any Certificate, without the consent of the Holders
                                         of Certificates representing all of the Percentage Interests of the Class or Classes
                                         affected thereby or which are required to be distributed to any Companion Loan Holders
                                         without the consent of such Companion Loan Holder;

 

		(ii)	alter
                                         the Servicing Standard or obligations of the Master Servicer or the Trustee to make a
                                         P&I Advance, Administrative Advance or a Property Advance, without the consent of
                                         the Holders of the Certificates representing all of the Percentage Interests of the Class
                                         or Classes affected thereby and the consent of any affected Companion Loan Holder);

 

		(iii)	change
                                         the percentages of Voting Rights or Percentage Interests of Holders of Certificates which
                                         are required to consent to any action or inaction under the Trust and Servicing Agreement
                                         without the consent of the Holders of Certificates representing all of the Percentage
                                         Interests of the Class or Classes affected thereby and the consent of any affected Companion
                                         Loan Holder; or

 

		(iv)	amend
                                         any section of the Trust and Servicing Agreement which relates to the amendment of the
                                         Trust and Servicing Agreement without the consent of the Holders of all Certificates
                                         representing all of the Percentage Interests of the Class or Classes affected thereby
                                         and the consent of any affected Companion Loan Holder.

 

Further,
the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee, at any time and from
time to time, without the consent of the Certificateholders or the Companion Loan Holders, may amend the Trust and Servicing Agreement
to modify, eliminate or add to any of its provisions to such extent as shall be necessary: (i) to maintain the qualification of
the Lower-Tier REMIC or the Upper-Tier REMIC as a REMIC, or to prevent the imposition of any additional material state or local
taxes, at all times that any Certificates are outstanding; provided that such action, as evidenced by an Opinion of Counsel
(obtained at the expense of the Trust Fund), is necessary or helpful to maintain such qualification or to prevent the imposition
of any such taxes, and would not adversely affect in any material respect the interest of any Certificateholder or the Companion

    A-6-10

     

    

 

Loan
Holders or (ii) to comply with the Investment Company Act of 1940, as amended, and/or any related regulatory actions and/or interpretations.

 

The
Directing Holder and, if the Directing Holder does not exercise such option, then the Special Servicer and if the Special Servicer
does not exercise such option, then the Master Servicer, and if the Master Servicer does not exercise such option, then
the Holder of a majority Percentage Interest in the Class R and Class LR Certificates, may effect an early termination of
the Trust Fund (provided that such party has provided 15 Business Days’ prior notice to each of the parties with
such option and none of the parties with a higher priority has elected to exercise such option within such 15 Business Day period),
upon not less than 30 days’ prior Notice of Termination (which Notice of Termination shall satisfy the notice requirement
of the proviso) given to the Trustee, the Certificate Administrator, the Special Servicer and the Master Servicer any time on
or after the Early Termination Notice Date specifying the Anticipated Final Termination Date, by purchasing on such date all,
but not less than all, of the Trust Loan then included in the Trust Fund, and the Trust’s interest in all property acquired
in respect of the Trust Loan, at a purchase price, payable in cash, equal to the greater of,

 

(i)
       the sum of, without duplication:

 

		(A)	100%
                                         the outstanding principal balance of the Trust Loan as of the last day of the month preceding
                                         such Anticipated Final Termination Date (less any P&I Advances previously made on
                                         account of principal);

 

		(B)	the
                                         fair market value of all other property included in the Trust Fund as of the last day
                                         of the month preceding such Anticipated Final Termination Date, as determined by an Independent
                                         appraiser acceptable to the Master Servicer as of a date not more than 30 days prior
                                         to the last day of the month preceding such Distribution Date;

 

		(C)	all
                                         unpaid interest accrued on the outstanding principal balance of the Trust Loan (including
                                         circumstances where title to the Mortgaged Property has been acquired) at the Trust
                                         Loan Rate to the last day of the Whole Loan Interest Accrual Period preceding such Anticipated
                                         Final Termination Date (less any P&I Advances previously made on account of interest);

 

		(D)	the
                                         aggregate amount of unreimbursed Advances, with interest thereon at the Advance Rate,
                                         unpaid Servicing Compensation, Special Servicing Compensation, Trustee/Certificate Administrator
                                         Fees, the CREFC® License Fee and Trust Fund expenses and indemnity amounts
                                         owed by the Trust; and

 

(ii)       the
aggregate fair market value of the Trust Loan, and all other property acquired in respect of the Trust Loan in the Trust Fund,
on the last day of the month preceding such Distribution Date, as determined by an Independent appraiser acceptable 

    A-6-11

     

    

 

to
the Master Servicer as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date, together
with one month’s interest thereon at the Trust Loan Rate.

 

In
addition, the Trust and Servicing Agreement provides that the Sole Owner shall have the right to exchange all of its Certificates
for the Trust Loan or REO Property, as applicable, as contemplated by clause (ii) of Section 9.01(a) of the Trust and Servicing
Agreement by giving written notice to all the parties to the Trust and Servicing Agreement no later than 60 days prior to the
anticipated date of exchange.

 

All
costs and expenses incurred by any and all parties to the Trust and Servicing Agreement or by the Trust Fund in connection with
the purchase of the Trust Loan and the other assets of the Trust Fund pursuant to Section 9.01(c) of the Trust and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Trustee and the Certificate Administrator
shall be entitled to rely conclusively on any determination made by an Independent appraiser pursuant to Section 9.01(c)
of the Trust and Servicing Agreement.

 

The
respective obligations and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator
and the Trustee created by the Trust and Servicing Agreement with respect to the Certificates (other than the obligations of the
Certificate Administrator to make certain payments and to send certain notices to Certificateholders as set forth in the Trust
and Servicing Agreement) shall terminate upon payment (or provision for payment) to the Certificateholders and the Companion Loan
Holders of all amounts held by or on behalf of the Trustee, the Certificate Administrator and the Master Servicer, as the case
may be, required under the Trust and Servicing Agreement to be so paid on the Distribution Date following the earlier to occur
of (i) the purchase of the Trust Loan and all other property held by the Trust Fund in accordance with Section 9.01(c)
of the Trust and Servicing Agreement; (ii) the exchange by the Sole Owner of its Certificates for the Trust Loan in accordance
with Section 9.01(g) of the Trust and Servicing Agreement and (iii) the later of (a) the receipt or collection
of the last payment due on the Trust Loan included in the Trust Fund, or (b) the liquidation and disposition pursuant to
the Trust and Servicing Agreement of the last asset held by the Trust Fund; provided, however, that in no event
shall the trust created by the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the death
of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the United Kingdom,
living on the date hereof.

 

Unless
the Certificate of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.

 

This
Certificate does not purport to summarize the Trust and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the parties thereto.  This Certificate is issued under and is subject to the terms, provisions and conditions
of the Trust and Servicing Agreement, to which Trust and Servicing Agreement, as amended from time to time, the Holder of this
Certificate by virtue of the 

    A-6-12

     

    

 

acceptance
hereof assents and by which such Holder is bound.  In the case of any conflict between terms specified in this Certificate
and terms specified in the Trust and Servicing Agreement, the terms of the Trust and Servicing Agreement shall govern.

 

    A-6-13

     

    

 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Class E Certificate to be duly executed.

 

Dated: _______________

 

	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, not in
    its individual capacity but solely as Certificate Administrator
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

Certificate
of Authentication

 

This
is one of the Class E Certificates referred to in the Trust and Servicing Agreement.

 

Dated: _______________

 

	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, not in
    its individual capacity but solely as Authenticating Agent
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

    A-6-14

     

    

 

[TO
BE ATTACHED TO GLOBAL CERTIFICATES] SCHEDULE OF EXCHANGES OF GLOBAL CERTIFICATES

 

The
following exchanges of a part of this Global Certificate have been made:

 

    A-6-15

     

    

 

EXHIBIT A-7

 

FORM OF CLASS F [RULE 144A]1
[REG S]2 CERTIFICATE

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]3

 

[TRANSFERS OF THIS GLOBAL CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]4

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS, AND ONLY (A)(1) PURSUANT
TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (2) FOR SO LONG AS THIS CERTIFICATE IS
ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO AN INSTITUTIONAL INVESTOR THAT
THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (“QUALIFIED
INSTITUTIONAL BUYER”) PURCHASING FOR ITS OWN ACCOUNT, OR A PERSON PURCHASING FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL
BUYER, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (3) IN THE CASE OF

 

 

 

1
For Rule 144A Global Certificates only.

 

2
For Reg S Global Certificates only.

 

3
Legend required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

4
Global Certificate legend.

 

     A-7-1

    

    

 

THE REGULAR CERTIFICATES, TO AN INSTITUTIONAL INVESTOR THAT IS AN “ACCREDITED INVESTOR”
AS SUCH TERM IS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL
OF THE EQUITY OWNERS ARE INSTITUTIONAL INVESTORS THAT ARE “ACCREDITED INVESTORS” AS SUCH TERM IS DEFINED IN RULE 501(a)(1),
(2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT, OR (4) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTION THAT
IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION,” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH,
RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, AND (B) IN ACCORDANCE WITH ANY OTHER APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED
TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. A TRANSFEREE IS ALSO REQUIRED TO DELIVER
AN INVESTMENT REPRESENTATION LETTER SUBSTANTIALLY IN THE FORM OF EXHIBIT D-1 TO THE TRUST AND SERVICING AGREEMENT IF SUCH TRANSFEREE
IS A QUALIFIED INSTITUTIONAL BUYER OR (OTHER THAN WITH RESPECT TO A RESIDUAL CERTIFICATE) AN INSTITUTIONAL ACCREDITED INVESTOR,
AND MAY ALSO BE REQUIRED TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A.

 

THIS CERTIFICATE SHOULD NOT BE PURCHASED
BY A TRANSFEREE THAT IS OR BECOMES (A) AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT, INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN, AS DEFINED
IN SECTION 3(32) OF ERISA, OR OTHER PLAN SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) WHICH IS TO A MATERIAL
EXTENT SIMILAR TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF ERISA OR TO SECTION 4975 OF THE CODE (EACH, A “PLAN”),
OR (B) A PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN (INCLUDING ANY ENTITY WHOSE UNDERLYING ASSETS
INCLUDE PLAN ASSETS BY REASON OF A PLAN’S INVESTMENT IN THE ENTITY (WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATIONS
SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA)), UNLESS (X) THE TRANSFEREE HAS ACQUIRED AND IS HOLDING THIS CERTIFICATE
IN RELIANCE ON THE EXEMPTION GRANTED TO (I) DEUTSCHE BANK SECURITIES INC., AS DEPARTMENT FINAL AUTHORIZATION NUMBER 97-03E, (II)
Wells Fargo Securities, LLC, as Prohibited Transaction Exemption 96-22, AND (IIi)
MORGAN STANLEY & CO. LLC, PROHIBITED

 

     A-7-2

    

    

 

TRANSACTION EXEMPTION 90-24, EACH AS AMENDED BY PROHIBITED TRANSACTION EXEMPTION 2013-08,
(COLLECTIVELY, THE “EXEMPTION”) AND IT UNDERSTANDS THAT THERE ARE CERTAIN CONDITIONS TO THE AVAILABILITY OF THE EXEMPTION,
INCLUDING THAT THIS CERTIFICATE MUST BE RATED, AT THE TIME OF PURCHASE, NOT LOWER THAN “BBB-” (OR ITS EQUIVALENT) BY
A RATING AGENCY SET FORTH THEREIN AND THAT THIS CERTIFICATE IS SO RATED AND IT IS AN “ACCREDITED INVESTOR” AS DEFINED
IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, OR (Y) (1) IT IS
AN INSURANCE COMPANY, (2) THE SOURCE OF FUNDS USED TO ACQUIRE OR HOLD THIS CERTIFICATE OR INTEREST THEREIN IS AN “INSURANCE
COMPANY GENERAL ACCOUNT,” AS SUCH TERM IS DEFINED IN PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60 AND
(3) THE CONDITIONS IN SECTIONS I AND III OF PTCE 95-60 HAVE BEEN SATISFIED WITH RESPECT TO THE ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE OR (Z) IN THE CASE OF A TRANSFEREE WHICH IS SUBJECT TO SIMILAR LAW, ITS ACQUISITION, HOLDING AND DISPOSITION
OF THIS CERTIFICATE WILL NOT RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

 

ANY HOLDER DESIRING TO EFFECT A TRANSFER
OF THIS CERTIFICATE SHALL, AND DOES HEREBY AGREE TO, INDEMNIFY THE CERTIFICATE REGISTRAR, THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE,
THE MASTER SERVICER, THE SPECIAL SERVICER AND THE DEPOSITOR AGAINST ANY LIABILITY THAT MAY RESULT IF THE TRANSFER IS NOT EXEMPT
FROM THE SECURITIES ACT OR IS NOT MADE IN ACCORDANCE WITH FEDERAL AND STATE LAWS.

 

THIS CERTIFICATE DOES NOT REPRESENT
AN OBLIGATION OF OR INTEREST IN THE DEPOSITOR, ANY ORIGINATOR, THE MASTER SERVICER, THE SPECIAL SERVICER, THE CERTIFICATE ADMINISTRATOR,
THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

PRINCIPAL PAYMENTS ON THIS CERTIFICATE
ARE PAYABLE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME
MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

TRANSFERS AND EXCHANGES OF PORTIONS
OF THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS AS PROVIDED IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

THIS CERTIFICATE IS SUBORDINATE TO ONE
OR MORE OTHER CLASSES OF CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

     A-7-3

    

    

 

FOR U.S. FEDERAL INCOME TAX PURPOSES,
THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

[THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT AND, PRIOR TO THE DATE THAT IS 40 DAYS AFTER THE OFFERING OF THE CERTIFICATES,
MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.]1

 

 

 

1
For Reg S Global Certificates only.

 

     A-7-4

    

    

 

CPTS 2019-CPT MORTGAGE TRUST COMMERCIAL
MORTGAGE

PASS-THROUGH CERTIFICATES, CLASS F

 

	Class F Pass-Through Rate: The Net Mortgage Rate	 	CUSIP:	
        12654YAN91

        U1265YAG52

        12654YAP43

         

        

	 	 	ISIN:	US12654YAN944

USU1265YAG535

US12654YAP436 
	 	 	 	 
	Original Aggregate Certificate Balance of the

Class F Certificates: $32,271,000	 	Initial Certificate Balance of this Certificate: $[______] [FOR GLOBAL CERTIFICATES ONLY: (SUBJECT TO SCHEDULES OF EXCHANGES ATTACHED)]
	 	 	 	 
	First Distribution Date: December 13, 2019	 	Cut-off Date: November 9, 2019
	 	 	 	 
	Assumed Final Distribution Date: November 2029	 	No.: F-[__]

  

This certifies that [_______]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect
to the Class F Certificates. The Trust Fund, described more fully below, consists primarily of a Trust Loan secured by, among other
things, a first priority mortgage on the fee simple interest in two 44-story, Class A office towers located in Los Angeles, California,
and held in trust by the Trustee and serviced by the Master Servicer. The Trust Fund was created, and the Trust Loan is to be serviced,
pursuant to the Trust and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof,
assents to the terms, provisions and conditions of the Trust and Servicing Agreement and is bound thereby.

 

The Trust and Servicing
Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”), between Deutsche Mortgage &
Asset Receiving Corporation, as depositor (the “Depositor”), Wells Fargo Bank, National Association, as master
servicer (in such capacity, the “Master Servicer”), CWCapital Asset Management LLC, as special servicer (the
“Special Servicer”), Wilmington Trust, National Association, as trustee (the “Trustee”),
and

 

 

 

1
For Rule 144A Certificates.

 

2
For Regulation S Certificates.

 

3
For IAI Certificates.

 

4
For Rule 144A Certificates.

 

5
For Regulation S Certificates.

 

6
For IAI Certificates.

 

     A-7-5

    

    

 

Wells Fargo Bank, National Association, as certificate administrator (in such capacity, the “Certificate Administrator”),
custodian and paying agent, evidences the issuance of the Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class
R, Class LR and Class VRR Certificates (the “Certificates”; the Holders of Certificates issued under the Trust
and Servicing Agreement are collectively referred to herein as “Certificateholders”). This Certificate is issued
pursuant to, and in accordance with, the terms of the Trust and Servicing Agreement. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.

 

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended. Each Holder of this Certificate, by acceptance
hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding
sentence for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured
by income.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and Servicing
Agreement. In the event that there is any conflict between any provision of this Certificate and any provision of the Trust and
Servicing Agreement, such provision of this Certificate shall be superseded by the Trust and Servicing Agreement to the extent
of such inconsistency.

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator, or the Paying Agent on behalf of the Certificate Administrator,
will distribute (other than the final distribution on any Certificate), on the fourth Business Day after each Determination Date
(each such date, a “Distribution Date”) an amount equal to such Person’s pro rata share (based on the
Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then distributable,
if any, allocable to the Class F Certificates for such Distribution Date, all as more fully described in the Trust and Servicing
Agreement. “Determination Date” is defined in the Trust and Servicing Agreement as the 9th day of each calendar month,
or if such 9th day is not a Business Day, then the immediately preceding Business Day, commencing in December 2019. Holders of
this Certificate may be entitled to Prepayment Charges as provided in the Trust and Servicing Agreement.

 

During each Certificate
Interest Accrual Period (as defined below), interest on the Class F Certificates will be calculated based on a 360-day year consisting
of twelve 30-day months, on the outstanding Certificate Balance hereof.

 

Interest accrued on this
Certificate during a Certificate Interest Accrual Period, plus the aggregate unpaid Class Interest Shortfall with respect to this
Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Trust and Servicing Agreement.
The “Certificate Interest Accrual Period” means, with respect to any Distribution Date, the calendar month immediately
preceding the month in which such Distribution Date occurs. The Certificate Interest Accrual Period is assumed to consist of 30
days.

 

     A-7-6

    

    

 

All distributions (other
than the final distribution on any Certificate) will be made by the Paying Agent to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the close of business on the last Business Day of the
calendar month immediately preceding the month in which such Distribution Date occurs. Such distributions shall be made on each
Distribution Date other than the Termination Date to each Certificateholder of record on the related Record Date, by wire transfer
of immediately available funds to the account of such Holder at a bank or other entity located in the United States and having
appropriate facilities therefor; provided that such Holder shall have provided the Paying Agent with wire instructions in
writing at least five Business Days prior to the related Record Date, or, otherwise, by check mailed by first-class mail to the
address set forth therefor in the Certificate Register. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the office of the Certificate Administrator or its agent (which
may be the Paying Agent or the Certificate Registrar acting as such agent) that is specified in the notice to Holders of such final
distribution.

 

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall, on such date, be set
aside and held in trust for the benefit of the appropriate non-tendering Certificateholders. If any Certificates as to which notice
of the Termination Date has been given pursuant to the Trust and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders, at their last addresses shown in the Certificate Register, to surrender their Certificates for
cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one year after the
second notice not all of such Certificates shall have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining non-tendering Certificateholders concerning surrender of their
Certificates. The costs and expenses of holding such funds in trust and of contacting such Certificateholders shall be paid out
of such funds. If within two years after the second notice any such Certificates shall not have been surrendered for cancellation,
the Paying Agent shall pay to the Certificate Administrator all amounts distributable to the Holders thereof, and the Certificate
Administrator shall thereafter hold such amounts for the benefit of such Holders until the earlier of (i) its termination as Certificate
Administrator under the Trust and Servicing Agreement and the transfer of such amounts to a successor certificate administrator
and (ii) the termination of the Trust Fund and distribution of such amounts to the Class R Certificateholders. No interest
shall accrue or be payable to any Certificateholder on any amount held as a result of such Certificateholder’s failure to
surrender its Certificate(s) for final payment thereof in accordance with the Trust and Servicing Agreement. Such funds held by
the Certificate Administrator may be invested under certain circumstances, and all income and gain realized from investment of
such funds shall accrue for its benefit.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Trust Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement.

 

As provided in the Trust
and Servicing Agreement, the Trust Fund includes (in each case, to the extent of the Trust Fund’s interest therein) (i) the
Trust Loan, together with the Mortgage File relating thereto; (ii) all scheduled or unscheduled payments on or collections in

 

     A-7-7

    

    

 

respect
of the Trust Loan due after the Cut-off Date; (iii) any REO Property; (iv) all revenues received in respect of any REO Property;
(v) any indemnities or guaranties given as additional security for the Trust Loan; (vi) a security interest in all assets deposited
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts, and Reserve Accounts; (vii) amounts on deposit in the Collection
Account attributable to the Trust Loan as identified on the Trust Ledger, the Distribution Accounts, the Interest Reserve Account
or the REO Account, including any reinvestment income, as applicable; (viii) a security interest in any environmental indemnity
agreements relating to the Mortgaged Property; (ix) a security interest in all insurance policies with respect to the Trust Loan
and the Mortgaged Property; (x) the rights and remedies under the Trust Loan Purchase Agreements relating to document delivery
requirements with respect to the Trust Loan and the representations and warranties of the Trust Loan Sellers regarding the Trust
Loan; (xi) the Lower-Tier Regular Interests; and (xii) the proceeds of the foregoing (other than any interest earned on deposits
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts and any Reserve Accounts, to the extent such interest belongs
to the Borrower). As provided in the Trust and Servicing Agreement, withdrawals may be made from certain of the above-accounts
for purposes other than distributions to Certificateholders.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator.

 

As provided in the Trust
and Servicing Agreement and subject to certain limitations set forth therein, this Certificate is transferable or exchangeable
only upon surrender of this Certificate to the Certificate Registrar at its offices together with an assignment and transfer (executed
by the Holder or his duly authorized attorney), subject to the requirements in Article V of the Trust and Servicing Agreement.
Upon surrender for registration of transfer of this Certificate, subject to the requirements Article V of the Trust and Servicing
Agreement, the Certificate Administrator shall execute and the Authenticating Agent shall duly authenticate in the name of the
designated transferee or transferees, one or more new Certificates in authorized denominations of a like aggregate denomination
as the Certificate being surrendered. Such Certificates shall be delivered by the Certificate Registrar in accordance with Article
V of the Trust and Servicing Agreement.

 

Prior to due presentation
of this Certificate for registration of transfer, the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Certificate Registrar, any Paying Agent and any agent of any of them may treat the Person in whose name this Certificate
is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Certificate Registrar, any Paying Agent or any agent of any of them shall be affected by notice
or knowledge to the contrary.

 

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange referred
to in Section 5.02 of the Trust and Servicing Agreement other than for transfers to Institutional Accredited Investors as provided
in Section 5.02(h) of the Trust and Servicing Agreement. In connection with any transfer to an Institutional Accredited Investor,
the transferor shall reimburse the Trust Fund for

 

     A-7-8

    

    

 

any costs (including the cost of the Certificate Registrar’s counsel’s
review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate Registrar as provided
in the Trust and Servicing Agreement) incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar
may require payment by each transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection
with any such transfer.

 

The Trust and Servicing
Agreement or any Custodial Agreement may be amended at any time by the Depositor, the Master Servicer, the Special Servicer, the
Certificate Administrator and the Trustee without the consent of any of the Certificateholders or the Companion Loan Holders, (i)
to cure any ambiguity or to correct any error; (ii) to cause the provisions of the Trust and Servicing Agreement to conform or
be consistent with or in furtherance of the statements made in the Offering Circular with respect to the Certificates, the Trust
or the Trust and Servicing Agreement or to correct or supplement any provisions of the Trust and Servicing Agreement or the Offering
Circular which may be defective or inconsistent with any other provisions of the Trust and Servicing Agreement or the Offering
Circular; (iii) to amend any provision of the Trust and Servicing Agreement to the extent necessary or desirable to maintain the
rating or ratings assigned to each of the Classes of Certificates or Companion Loan Securities by each Rating Agency (provided
that such amendment does not adversely affect in any material respect (x) the rights or interests of any Certificateholder or Companion
Loan Holder not consenting thereto or (y) the rights or interests of the Directing Holder without the consent of the Holders of
Certificates representing 100% of the Controlling Class); (iv) to amend or supplement a provision, or to supplement any other provisions
to the extent not inconsistent with the provisions of the Trust and Servicing Agreement, or any other change that will not adversely
affect in any material respect the interests of any Certificateholder or Companion Loan Holder not consenting thereto (as evidenced
in writing by an Opinion of Counsel or, if solely affecting any Certificateholder of a rated Class or a Companion Loan Holder of
rated Companion Loan Securities, in respect of which a No Downgrade Confirmation has been obtained relating to the Certificates
or the Companion Loan Securities, if applicable); (v) to modify, eliminate or add to any of its provisions in the event the Credit
Risk Retention Rules or any other regulations applicable to the risk retention requirements for this securitization transaction
are amended or repealed in whole or in part, to the extent required to comply with any such amendment or, to the extent applicable,
to modify or eliminate the affected provision(s) related to the risk retention requirements in the event of such repeal; and (vi)
to modify the procedures of the Trust and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act; provided
that such modification would not (a) materially increase the obligations or decrease the rights of the Depositor, the Trustee,
the Paying Agent, the Certificate Administrator, the 17g-5 Information Provider, the Master Servicer or the Special Servicer without
such parties’ consent, (b) reduce the consent or consultation rights or the right to receive information under the Trust
and Servicing Agreement of the Directing Holder without the consent of the Directing Holder or (c) adversely affect in any material
respect the interests of any Certificateholders or any Companion Loan Holder not consenting thereto, as evidenced by in the case
of clauses (iii), (iv) and (vi) above by (x) an Opinion of Counsel or (y) solely in the case of a Certificateholder of a rated
Class, receipt of a No Downgrade Confirmation from each Rating Agency and a No Downgrade Confirmation with respect to any Companion
Loan Securities. In no event shall any such amendment cause the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as
a REMIC or subject either REMIC to tax.

 

     A-7-9

    

    

 

The Trust and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator and the Trustee with the prior written consent of the Holders of Certificates representing not less
than 66-2/3% of the Percentage Interests of each Class of Certificates (without regard to Certificates held by the Depositor, any
of the Depositor’s Affiliates and/or agents or the Trust Loan Sellers) and the Companion Loan Holders affected thereby for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment may:

 

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Whole Loan
which are required to be distributed on any Certificate, without the consent of the Holders of Certificates representing all of
the Percentage Interests of the Class or Classes affected thereby or which are required to be distributed to any Companion Loan
Holders without the consent of such Companion Loan Holder;

 

		(ii)	alter the Servicing Standard or obligations of the Master Servicer or the Trustee to make a P&I
Advance, Administrative Advance or a Property Advance, without the consent of the Holders of the Certificates representing all
of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected Companion Loan Holder);

 

		(iii)	change the percentages of Voting Rights or Percentage Interests of Holders of Certificates which
are required to consent to any action or inaction under the Trust and Servicing Agreement without the consent of the Holders of
Certificates representing all of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected
Companion Loan Holder; or

 

		(iv)	amend any section of the Trust and Servicing Agreement which relates to the amendment of the Trust
and Servicing Agreement without the consent of the Holders of all Certificates representing all of the Percentage Interests of
the Class or Classes affected thereby and the consent of any affected Companion Loan Holder.

 

Further, the Depositor,
the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee, at any time and from time to time, without
the consent of the Certificateholders or the Companion Loan Holders, may amend the Trust and Servicing Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be necessary: (i) to maintain the qualification of the Lower-Tier REMIC
or the Upper-Tier REMIC as a REMIC, or to prevent the imposition of any additional material state or local taxes, at all times
that any Certificates are outstanding; provided that such action, as evidenced by an Opinion of Counsel (obtained at the
expense of the Trust Fund), is necessary or helpful to maintain such qualification or to prevent the imposition of any such taxes,
and would not adversely affect in any material respect the interest of any Certificateholder or the Companion

 

     A-7-10

    

    

 

Loan Holders or (ii)
to comply with the Investment Company Act of 1940, as amended, and/or any related regulatory actions and/or interpretations.

 

The Directing Holder
and, if the Directing Holder does not exercise such option, then the Special Servicer and if the Special Servicer does not exercise
such option, then the Master Servicer, and if the Master Servicer does not exercise such option, then the Holder
of a majority Percentage Interest in the Class R and Class LR Certificates, may effect an early termination of the Trust Fund (provided
that such party has provided 15 Business Days’ prior notice to each of the parties with such option and none of the parties
with a higher priority has elected to exercise such option within such 15 Business Day period), upon not less than 30 days’
prior Notice of Termination (which Notice of Termination shall satisfy the notice requirement of the proviso) given to the Trustee,
the Certificate Administrator, the Special Servicer and the Master Servicer any time on or after the Early Termination Notice Date
specifying the Anticipated Final Termination Date, by purchasing on such date all, but not less than all, of the Trust Loan then
included in the Trust Fund, and the Trust’s interest in all property acquired in respect of the Trust Loan, at a purchase
price, payable in cash, equal to the greater of,

 

(i)            the
sum of, without duplication:

 

		(A)	100% the outstanding principal balance of the Trust Loan as of the last day of the month preceding
such Anticipated Final Termination Date (less any P&I Advances previously made on account of principal);

 

		(B)	the fair market value of all other property included in the Trust Fund as of the last day of the
month preceding such Anticipated Final Termination Date, as determined by an Independent appraiser acceptable to the Master Servicer
as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date;

 

		(C)	all unpaid interest accrued on the outstanding principal balance of the Trust Loan (including circumstances
where title to the Mortgaged Property has been acquired) at the Trust Loan Rate to the last day of the Whole Loan Interest
Accrual Period preceding such Anticipated Final Termination Date (less any P&I Advances previously made on account of interest);

 

		(D)	the aggregate amount of unreimbursed Advances, with interest thereon at the Advance Rate, unpaid
Servicing Compensation, Special Servicing Compensation, Trustee/Certificate Administrator Fees, the CREFC® License
Fee and Trust Fund expenses and indemnity amounts owed by the Trust; and

 

(ii)           the
aggregate fair market value of the Trust Loan, and all other property acquired in respect of the Trust Loan in the Trust Fund,
on the last day of the month preceding such Distribution Date, as determined by an Independent appraiser acceptable

 

     A-7-11

    

    

 

to the Master
Servicer as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date, together with
one month’s interest thereon at the Trust Loan Rate.

 

In addition, the Trust
and Servicing Agreement provides that the Sole Owner shall have the right to exchange all of its Certificates for the Trust Loan
or REO Property, as applicable, as contemplated by clause (ii) of Section 9.01(a) of the Trust and Servicing Agreement by
giving written notice to all the parties to the Trust and Servicing Agreement no later than 60 days prior to the anticipated date
of exchange.

 

All costs and expenses
incurred by any and all parties to the Trust and Servicing Agreement or by the Trust Fund in connection with the purchase of the
Trust Loan and the other assets of the Trust Fund pursuant to Section 9.01(c) of the Trust and Servicing Agreement shall be
borne by the party exercising its purchase rights thereunder. The Trustee and the Certificate Administrator shall be entitled to
rely conclusively on any determination made by an Independent appraiser pursuant to Section 9.01(c) of the Trust and Servicing
Agreement.

 

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator and the Trustee
created by the Trust and Servicing Agreement with respect to the Certificates (other than the obligations of the Certificate Administrator
to make certain payments and to send certain notices to Certificateholders as set forth in the Trust and Servicing Agreement) shall
terminate upon payment (or provision for payment) to the Certificateholders and the Companion Loan Holders of all amounts held
by or on behalf of the Trustee, the Certificate Administrator and the Master Servicer, as the case may be, required under the Trust
and Servicing Agreement to be so paid on the Distribution Date following the earlier to occur of (i) the purchase of the Trust
Loan and all other property held by the Trust Fund in accordance with Section 9.01(c) of the Trust and Servicing Agreement;
(ii) the exchange by the Sole Owner of its Certificates for the Trust Loan in accordance with Section 9.01(g) of the
Trust and Servicing Agreement and (iii) the later of (a) the receipt or collection of the last payment due on the Trust
Loan included in the Trust Fund, or (b) the liquidation and disposition pursuant to the Trust and Servicing Agreement of the
last asset held by the Trust Fund; provided, however, that in no event shall the trust created by the Trust and Servicing
Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P.
Kennedy, the late Ambassador of the United States to the United Kingdom, living on the date hereof.

 

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

  

This Certificate does
not purport to summarize the Trust and Servicing Agreement and reference is made to that agreement for information with respect
to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of
the parties thereto.  This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust
and Servicing Agreement, to which Trust and Servicing Agreement, as amended from time to time, the Holder of this Certificate by
virtue of the

 

     A-7-12

    

    

 

acceptance hereof assents and by which such Holder is bound.  In the case of any conflict between terms specified
in this Certificate and terms specified in the Trust and Servicing Agreement, the terms of the Trust and Servicing Agreement shall
govern.

  

     A-7-13

    

    

 

IN WITNESS WHEREOF, the
Certificate Administrator has caused this Class F Certificate to be duly executed.

 

Dated: ____________

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Certificate Administrator
	 	 	 
		By:	 
	 	 	Name:

Title:

 

Certificate of Authentication

 

This is one of the Class
F Certificates referred to in the Trust and Servicing Agreement.

 

Dated: ___________

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Authenticating Agent
	 	 	 
		By:	 
	 	 	Name:

Title:

 

     A-7-14

    

    

 

[TO BE ATTACHED TO GLOBAL CERTIFICATES]
SCHEDULE OF EXCHANGES OF GLOBAL CERTIFICATES

 

The following exchanges of a part of this
Global Certificate have been made:

 

     A-7-15

    

    

 

EXHIBIT A-8

 

FORM OF CLASS R CERTIFICATE

 

THIS CERTIFICATE DOES NOT REPRESENT
AN OBLIGATION OF OR INTEREST IN THE DEPOSITOR, ANY ORIGINATOR, THE MASTER SERVICER, THE SPECIAL SERVICER, THE CERTIFICATE ADMINISTRATOR,
THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

FOR U.S. FEDERAL INCOME TAX PURPOSES,
THIS CERTIFICATE REPRESENTS A “RESIDUAL INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).
A TRANSFEREE OF THIS CERTIFICATE, BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE SUBJECT TO CERTAIN RESTRICTIONS
ON TRANSFERABILITY, AS SET FORTH IN SECTION 5.02 OF THE TRUST AND SERVICING AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE CERTIFICATE ADMINISTRATOR TO THE EFFECT THAT IT IS A PERMITTED TRANSFEREE AND, AMONG OTHER THINGS, (A)
IT IS NOT A DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN SECTION 860E(e)(5) OF THE CODE, OR AN AGENT (INCLUDING A BROKER,
NOMINEE OR OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION AND IS OTHERWISE A PERMITTED TRANSFEREE, (B) IT WILL NOT CAUSE INCOME
WITH RESPECT TO THIS CERTIFICATE TO BE ATTRIBUTABLE TO A FOREIGN PERMANENT ESTABLISHMENT OR FIXED BASE, WITHIN THE MEANING OF AN
APPLICABLE INCOME TAX TREATY, OF SUCH PERSON OR ANY OTHER U.S. PERSON, (C) IT HAS HISTORICALLY PAID ITS DEBTS AS THEY HAVE COME
DUE AND INTENDS TO CONTINUE TO PAY ITS DEBTS AS THEY COME DUE IN THE FUTURE, AND (D) IT INTENDS TO PAY ANY TAXES ASSOCIATED WITH
HOLDING THIS CERTIFICATE AS THEY BECOME DUE. ANY PURPORTED TRANSFER TO A DISQUALIFIED ORGANIZATION OR OTHER PERSON THAT IS NOT
A PERMITTED TRANSFEREE OR OTHERWISE IN VIOLATION OF THESE RESTRICTIONS SHALL BE ABSOLUTELY NULL AND VOID AND SHALL VEST NO RIGHTS
IN ANY PURPORTED TRANSFEREE. BECAUSE THIS CERTIFICATE REPRESENTS A “NON-ECONOMIC RESIDUAL INTEREST,” AS DEFINED IN
TREASURY REGULATIONS SECTION 1.860E-1(c), CERTAIN TRANSFERS OF THIS CERTIFICATE WILL BE DISREGARDED FOR FEDERAL INCOME TAX PURPOSES.
IN ORDER TO SATISFY A REGULATORY SAFE HARBOR UNDER WHICH SUCH TRANSFERS WILL NOT BE DISREGARDED, THE TRANSFEROR MAY BE REQUIRED,
AMONG OTHER THINGS, TO SATISFY ITSELF AS TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND EITHER TO PAY A SPECIFIED AMOUNT
TO THE PROPOSED TRANSFEREE OR TRANSFER TO AN ELIGIBLE TRANSFEREE AS PROVIDED IN REGULATIONS.

 

     A-8-1

    

    

 

THE HOLDER OF THIS CERTIFICATE, BY ACCEPTANCE
HEREOF, IS DEEMED TO HAVE AGREED TO THE DESIGNATION OF THE CERTIFICATE ADMINISTRATOR AS “PARTNERSHIP REPRESENTATIVE”
(WITHIN THE MEANING OF SECTION 6223 OF THE CODE OF THE UPPER-TIER REMIC OR AS OTHERWISE PROVIDED IN THE TRUST AND SERVICING AGREEMENT
FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS, AND ONLY (A)(1) PURSUANT
TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (2) FOR SO LONG AS THIS CERTIFICATE IS
ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO AN INSTITUTIONAL INVESTOR THAT
THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (“QUALIFIED
INSTITUTIONAL BUYER”) PURCHASING FOR ITS OWN ACCOUNT, OR A PERSON PURCHASING FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL
BUYER, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (3) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTIONAL INVESTOR THAT IS AN “ACCREDITED INVESTOR”
AS SUCH TERM IS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL
OF THE EQUITY OWNERS ARE INSTITUTIONAL INVESTORS THAT ARE “ACCREDITED INVESTORS” AS SUCH TERM IS DEFINED IN RULE 501(a)(1),
(2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT, OR (4) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTION THAT
IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION,” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH,
RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, AND (B) IN ACCORDANCE WITH ANY OTHER APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CERTIFICATE SHOULD NOT BE PURCHASED
BY A TRANSFEREE THAT IS OR BECOMES (A) AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT, INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”)
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR A GOVERNMENTAL PLAN, AS DEFINED
IN SECTION 3(32) OF ERISA, OR OTHER PLAN SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) WHICH IS TO A MATERIAL
EXTENT SIMILAR TO THE FIDUCIARY

 

     A-8-2

    

    

 

RESPONSIBILITY PROVISIONS OF ERISA OR TO SECTION 4975 OF THE CODE (EACH, A “PLAN”),
OR (B) A PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN (INCLUDING ANY ENTITY WHOSE UNDERLYING ASSETS
INCLUDE PLAN ASSETS BY REASON OF A PLAN’S INVESTMENT IN THE ENTITY (WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATIONS
SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA)). TRANSFEREES OF THIS CERTIFICATE TAKING DELIVERY IN CERTIFICATED FORM
SHALL BE REQUIRED TO DELIVER A LETTER IN THE FORM ATTACHED TO THE TRUST AND SERVICING AGREEMENT TO SUCH EFFECT.

 

TRANSFERS AND EXCHANGES OF THIS CERTIFICATE
ARE SUBJECT TO RESTRICTIONS AS PROVIDED IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

ANY HOLDER DESIRING TO EFFECT A TRANSFER
OF THIS CERTIFICATE SHALL, AND DOES HEREBY AGREE TO, INDEMNIFY THE CERTIFICATE REGISTRAR, THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE,
THE MASTER SERVICER, THE SPECIAL SERVICER AND THE DEPOSITOR AGAINST ANY LIABILITY THAT MAY RESULT IF THE TRANSFER IS NOT EXEMPT
FROM THE SECURITIES ACT OR IS NOT MADE IN ACCORDANCE WITH FEDERAL AND STATE LAWS.

 

     A-8-3

    

    

 

CPTS 2019-CPT MORTGAGE TRUST COMMERCIAL
MORTGAGE

PASS-THROUGH CERTIFICATES, CLASS R

 

	No.: R-[__]	Percentage Interest: ___%
	 	 
	 	
        CUSIP: 12654YAQ21

        

         

         

        ISIN:     US12654YAQ262

        

         

 

This certifies that [              ]
is the registered owner of the Percentage Interest evidenced by this Certificate in the Trust Fund. The Class R Certificateholder
is not entitled to interest or principal distributions. The Class R Certificateholder will be entitled to receive the proceeds
of the remaining assets of the Upper-Tier REMIC, if any, on the Final Scheduled Distribution Date for the Certificates, after distributions
in respect of any accrued but unpaid interest on the Certificates and after distributions in reduction of principal balance have
reduced the principal balances of the Certificates to zero. It is not anticipated that there will be any assets remaining in the
Upper-Tier REMIC or Trust Fund on the Final Scheduled Distribution Date following the distributions on the Regular Certificates.
The Trust Fund, described more fully below, consists primarily of a Trust Loan secured by, among other things, a first priority
mortgage on the fee simple interest in two 44-story, Class A office towers located in Los Angeles, California, and held in trust
by the Trustee and serviced by the Master Servicer. The Trust Fund was created, and the Trust Loan is to be serviced, pursuant
to the Trust and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents
to the terms, provisions and conditions of the Trust and Servicing Agreement and is bound thereby.

 

The Trust and Servicing
Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”), between Deutsche Mortgage &
Asset Receiving Corporation, as depositor (the “Depositor”), Wells Fargo Bank, National Association, as master
servicer (in such capacity, the “Master Servicer”), CWCapital Asset Management LLC, as special servicer (the
“Special Servicer”), Wilmington Trust, National Association, as trustee (the “Trustee”),
and Wells Fargo Bank, National Association, as certificate administrator (in such capacity, the “Certificate Administrator”),
custodian and paying agent, evidences the issuance of the Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class
R, Class LR and Class VRR Certificates (the “Certificates”; the Holders of Certificates issued under the Trust
and Servicing Agreement are collectively referred to herein as “Certificateholders”). This Certificate is issued
pursuant to, and in accordance with, the terms of the Trust and Servicing Agreement. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.

 

This Class R Certificate
represents the sole “residual interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1)

 

 

 

1
For Rule 144A Certificates.

 

2
For Rule 144A Certificates.

 

     A-8-4

    

    

 

and 860D of the Internal Revenue Code of 1986, as amended. Each Holder of this
Certificate, by acceptance hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in
accordance with the preceding sentence for purposes of federal income taxes, state and local income and franchise taxes and other
taxes imposed on or measured by income. The Certificate Administrator shall be the “partnership representative” within
the meaning of Section 6223 of the Code of the Upper-Tier REMIC pursuant to Treasury Regulations Section 1.860F-4(d). In addition,
each Holder agrees to the irrevocable designation of the Certificate Administrator as the “partnership representative”
as defined in Section 6223 of the Code of the Upper-Tier REMIC and to the Certificate Administrator making any elections allowed
under the Code to avoid (i) the application of Section 6221 of the Code (or successor provisions) to the Upper-Tier REMIC and (ii)
payment by the Upper-Tier REMIC under Section 6225 of the Code (or successor provisions) of any tax, penalty, interest or other
amount imposed under the Code that would otherwise be imposed on any holder of a Class R Certificate, past or present.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and Servicing
Agreement. In the event that there is any conflict between any provision of this Certificate and any provision of the Trust and
Servicing Agreement, such provision of this Certificate shall be superseded by the Trust and Servicing Agreement to the extent
of such inconsistency.

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator, or the Paying Agent on behalf of the Certificate Administrator,
will distribute (other than the final distribution on any Certificate), on the fourth Business Day after each Determination Date
(each such date, a “Distribution Date”) an amount equal to such Person’s pro rata share (based on the
Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then distributable,
if any, allocable to the Class R Certificates for such Distribution Date, all as more fully described in the Trust and Servicing
Agreement. “Determination Date” is defined in the Trust and Servicing Agreement as the 9th day of each calendar month,
or if such 9th day is not a Business Day, then the immediately preceding Business Day, commencing in December 2019. Holders of
this Certificate may be entitled to Prepayment Charges as provided in the Trust and Servicing Agreement.

 

During each Certificate
Interest Accrual Period (as defined below), interest on the Class R Certificates will be calculated based on a 360-day year consisting
of twelve 30-day months, on the outstanding Certificate Balance hereof.

 

Interest accrued on this
Certificate during a Certificate Interest Accrual Period, plus the aggregate unpaid Class Interest Shortfall with respect to this
Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Trust and Servicing Agreement.
The “Certificate Interest Accrual Period” means, with respect to any Distribution Date, the calendar month immediately
preceding the month in which such Distribution Date occurs. The Certificate Interest Accrual Period is assumed to consist of 30
days.

 

All distributions (other
than the final distribution on any Certificate) will be made by the Paying Agent to the persons in whose names the Certificates
are registered at the close of

 

     A-8-5

    

    

 

business on each Record Date, which will be the close of business on the last Business Day of the
calendar month immediately preceding the month in which such Distribution Date occurs. Such distributions shall be made on each
Distribution Date other than the Termination Date to each Certificateholder of record on the related Record Date, by wire transfer
of immediately available funds to the account of such Holder at a bank or other entity located in the United States and having
appropriate facilities therefor; provided that such Holder shall have provided the Paying Agent with wire instructions in
writing at least five Business Days prior to the related Record Date, or, otherwise, by check mailed by first-class mail to the
address set forth therefor in the Certificate Register. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the office of the Certificate Administrator or its agent (which
may be the Paying Agent or the Certificate Registrar acting as such agent) that is specified in the notice to Holders of such final
distribution.

 

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall, on such date, be set
aside and held in trust for the benefit of the appropriate non-tendering Certificateholders. If any Certificates as to which notice
of the Termination Date has been given pursuant to the Trust and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders, at their last addresses shown in the Certificate Register, to surrender their Certificates for
cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one year after the
second notice not all of such Certificates shall have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining non-tendering Certificateholders concerning surrender of their
Certificates. The costs and expenses of holding such funds in trust and of contacting such Certificateholders shall be paid out
of such funds. If within two years after the second notice any such Certificates shall not have been surrendered for cancellation,
the Paying Agent shall pay to the Certificate Administrator all amounts distributable to the Holders thereof, and the Certificate
Administrator shall thereafter hold such amounts for the benefit of such Holders until the earlier of (i) its termination as Certificate
Administrator under the Trust and Servicing Agreement and the transfer of such amounts to a successor certificate administrator
and (ii) the termination of the Trust Fund and distribution of such amounts to the Class R Certificateholders. No interest
shall accrue or be payable to any Certificateholder on any amount held as a result of such Certificateholder’s failure to
surrender its Certificate(s) for final payment thereof in accordance with the Trust and Servicing Agreement. Such funds held by
the Certificate Administrator may be invested under certain circumstances, and all income and gain realized from investment of
such funds shall accrue for its benefit.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Trust Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement.

 

As provided in the Trust
and Servicing Agreement, the Trust Fund includes (in each case, to the extent of the Trust Fund’s interest therein) (i) the
Trust Loan, together with the Mortgage File relating thereto; (ii) all scheduled or unscheduled payments on or collections in respect
of the Trust Loan due after the Cut-off Date; (iii) any REO Property; (iv) all revenues received in respect of any REO Property;
(v) any indemnities or guaranties given as additional

 

     A-8-6

    

    

 

security for the Trust Loan; (vi) a security interest in all assets deposited
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts, and Reserve Accounts; (vii) amounts on deposit in the Collection
Account attributable to the Trust Loan as identified on the Trust Ledger, the Distribution Accounts, the Interest Reserve Account
or the REO Account, including any reinvestment income, as applicable; (viii) a security interest in any environmental indemnity
agreements relating to the Mortgaged Property; (ix) a security interest in all insurance policies with respect to the Trust Loan
and the Mortgaged Property; (x) the rights and remedies under the Trust Loan Purchase Agreements relating to document delivery
requirements with respect to the Trust Loan and the representations and warranties of the Trust Loan Sellers regarding the Trust
Loan; (xi) the Lower-Tier Regular Interests; and (xii) the proceeds of the foregoing (other than any interest earned on deposits
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts and any Reserve Accounts, to the extent such interest belongs
to the Borrower). As provided in the Trust and Servicing Agreement, withdrawals may be made from certain of the above-accounts
for purposes other than distributions to Certificateholders.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator.

 

As provided in the Trust
and Servicing Agreement and subject to certain limitations set forth therein, this Certificate is transferable or exchangeable
only upon surrender of this Certificate to the Certificate Registrar at its offices together with an assignment and transfer (executed
by the Holder or his duly authorized attorney), subject to the requirements in Article V of the Trust and Servicing Agreement.
Upon surrender for registration of transfer of this Certificate, subject to the requirements Article V of the Trust and Servicing
Agreement, the Certificate Administrator shall execute and the Authenticating Agent shall duly authenticate in the name of the
designated transferee or transferees, one or more new Certificates in authorized denominations of a like aggregate denomination
as the Certificate being surrendered. Such Certificates shall be delivered by the Certificate Registrar in accordance with Article
V of the Trust and Servicing Agreement.

 

Prior to due presentation
of this Certificate for registration of transfer, the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Certificate Registrar, any Paying Agent and any agent of any of them may treat the Person in whose name this Certificate
is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Certificate Registrar, any Paying Agent or any agent of any of them shall be affected by notice
or knowledge to the contrary.

 

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange referred
to in Section 5.02 of the Trust and Servicing Agreement other than for transfers to Institutional Accredited Investors as provided
in Section 5.02(h) of the Trust and Servicing Agreement. In connection with any transfer to an Institutional Accredited Investor,
the transferor shall reimburse the Trust Fund for any costs (including the cost of the Certificate Registrar’s counsel’s
review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate Registrar as

 

     A-8-7

    

    

 

provided
in the Trust and Servicing Agreement) incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar
may require payment by each transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection
with any such transfer.

 

The Trust and Servicing
Agreement or any Custodial Agreement may be amended at any time by the Depositor, the Master Servicer, the Special Servicer, the
Certificate Administrator and the Trustee without the consent of any of the Certificateholders or the Companion Loan Holders, (i)
to cure any ambiguity or to correct any error; (ii) to cause the provisions of the Trust and Servicing Agreement to conform or
be consistent with or in furtherance of the statements made in the Offering Circular with respect to the Certificates, the Trust
or the Trust and Servicing Agreement or to correct or supplement any provisions of the Trust and Servicing Agreement or the Offering
Circular which may be defective or inconsistent with any other provisions of the Trust and Servicing Agreement or the Offering
Circular; (iii) to amend any provision of the Trust and Servicing Agreement to the extent necessary or desirable to maintain the
rating or ratings assigned to each of the Classes of Certificates or Companion Loan Securities by each Rating Agency (provided
that such amendment does not adversely affect in any material respect (x) the rights or interests of any Certificateholder or Companion
Loan Holder not consenting thereto or (y) the rights or interests of the Directing Holder without the consent of the Holders of
Certificates representing 100% of the Controlling Class); (iv) to amend or supplement a provision, or to supplement any other provisions
to the extent not inconsistent with the provisions of the Trust and Servicing Agreement, or any other change that will not adversely
affect in any material respect the interests of any Certificateholder or Companion Loan Holder not consenting thereto (as evidenced
in writing by an Opinion of Counsel or, if solely affecting any Certificateholder of a rated Class or a Companion Loan Holder of
rated Companion Loan Securities, in respect of which a No Downgrade Confirmation has been obtained relating to the Certificates
or the Companion Loan Securities, if applicable); (v) to modify, eliminate or add to any of its provisions in the event the Credit
Risk Retention Rules or any other regulations applicable to the risk retention requirements for this securitization transaction
are amended or repealed in whole or in part, to the extent required to comply with any such amendment or, to the extent applicable,
to modify or eliminate the affected provision(s) related to the risk retention requirements in the event of such repeal; and (vi)
to modify the procedures of the Trust and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act; provided
that such modification would not (a) materially increase the obligations or decrease the rights of the Depositor, the Trustee,
the Paying Agent, the Certificate Administrator, the 17g-5 Information Provider, the Master Servicer or the Special Servicer without
such parties’ consent, (b) reduce the consent or consultation rights or the right to receive information under the Trust
and Servicing Agreement of the Directing Holder without the consent of the Directing Holder or (c) adversely affect in any material
respect the interests of any Certificateholders or any Companion Loan Holder not consenting thereto, as evidenced by in the case
of clauses (iii), (iv) and (vi) above by (x) an Opinion of Counsel or (y) solely in the case of a Certificateholder of a rated
Class, receipt of a No Downgrade Confirmation from each Rating Agency and a No Downgrade Confirmation with respect to any Companion
Loan Securities. In no event shall any such amendment cause the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as
a REMIC or subject either REMIC to tax.

 

     A-8-8

    

    

 

The Trust and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator and the Trustee with the prior written consent of the Holders of Certificates representing not less
than 66-2/3% of the Percentage Interests of each Class of Certificates (without regard to Certificates held by the Depositor, any
of the Depositor’s Affiliates and/or agents or the Trust Loan Sellers) and the Companion Loan Holders affected thereby for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment may:

 

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Whole Loan
which are required to be distributed on any Certificate, without the consent of the Holders of Certificates representing all of
the Percentage Interests of the Class or Classes affected thereby or which are required to be distributed to any Companion Loan
Holders without the consent of such Companion Loan Holder;

 

		(ii)	alter the Servicing Standard or obligations of the Master Servicer or the Trustee to make a P&I
Advance, Administrative Advance or a Property Advance, without the consent of the Holders of the Certificates representing all
of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected Companion Loan Holder);

 

		(iii)	change the percentages of Voting Rights or Percentage Interests of Holders of Certificates which
are required to consent to any action or inaction under the Trust and Servicing Agreement without the consent of the Holders of
Certificates representing all of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected
Companion Loan Holder; or

 

		(iv)	amend any section of the Trust and Servicing Agreement which relates to the amendment of the Trust
and Servicing Agreement without the consent of the Holders of all Certificates representing all of the Percentage Interests of
the Class or Classes affected thereby and the consent of any affected Companion Loan Holder.

 

Further, the Depositor,
the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee, at any time and from time to time, without
the consent of the Certificateholders or the Companion Loan Holders, may amend the Trust and Servicing Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be necessary: (i) to maintain the qualification of the Lower-Tier REMIC
or the Upper-Tier REMIC as a REMIC, or to prevent the imposition of any additional material state or local taxes, at all times
that any Certificates are outstanding; provided that such action, as evidenced by an Opinion of Counsel (obtained at the
expense of the Trust Fund), is necessary or helpful to maintain such qualification or to prevent the imposition of any such taxes,
and would not adversely affect in any material respect the interest of any Certificateholder or the Companion

 

     A-8-9

    

    

 

Loan Holders or (ii)
to comply with the Investment Company Act of 1940, as amended, and/or any related regulatory actions and/or interpretations.

 

The Directing Holder
and, if the Directing Holder does not exercise such option, then the Special Servicer and if the Special Servicer does not exercise
such option, then the Master Servicer, and if the Master Servicer does not exercise such option, then the Holder
of a majority Percentage Interest in the Class R and Class LR Certificates, may effect an early termination of the Trust Fund (provided
that such party has provided 15 Business Days’ prior notice to each of the parties with such option and none of the parties
with a higher priority has elected to exercise such option within such 15 Business Day period), upon not less than 30 days’
prior Notice of Termination (which Notice of Termination shall satisfy the notice requirement of the proviso) given to the Trustee,
the Certificate Administrator, the Special Servicer and the Master Servicer any time on or after the Early Termination Notice Date
specifying the Anticipated Final Termination Date, by purchasing on such date all, but not less than all, of the Trust Loan then
included in the Trust Fund, and the Trust’s interest in all property acquired in respect of the Trust Loan, at a purchase
price, payable in cash, equal to the greater of,

 

(i)            the
sum of, without duplication:

 

		(A)	100% the outstanding principal balance of the Trust Loan as of the last day of the month preceding
such Anticipated Final Termination Date (less any P&I Advances previously made on account of principal);

 

		(B)	the fair market value of all other property included in the Trust Fund as of the last day of the
month preceding such Anticipated Final Termination Date, as determined by an Independent appraiser acceptable to the Master Servicer
as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date;

 

		(C)	all unpaid interest accrued on the outstanding principal balance of the Trust Loan (including circumstances
where title to the Mortgaged Property has been acquired) at the Trust Loan Rate to the last day of the Whole Loan Interest
Accrual Period preceding such Anticipated Final Termination Date (less any P&I Advances previously made on account of interest);

 

		(D)	the aggregate amount of unreimbursed Advances, with interest thereon at the Advance Rate, unpaid
Servicing Compensation, Special Servicing Compensation, Trustee/Certificate Administrator Fees, the CREFC® License
Fee and Trust Fund expenses and indemnity amounts owed by the Trust; and

 

(ii)           the
aggregate fair market value of the Trust Loan, and all other property acquired in respect of the Trust Loan in the Trust Fund,
on the last day of the month preceding such Distribution Date, as determined by an Independent appraiser acceptable

 

     A-8-10

    

    

 

to the Master
Servicer as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date, together with
one month’s interest thereon at the Trust Loan Rate.

 

In addition, the Trust
and Servicing Agreement provides that the Sole Owner shall have the right to exchange all of its Certificates for the Trust Loan
or REO Property, as applicable, as contemplated by clause (ii) of Section 9.01(a) of the Trust and Servicing Agreement by
giving written notice to all the parties to the Trust and Servicing Agreement no later than 60 days prior to the anticipated date
of exchange.

 

All costs and expenses
incurred by any and all parties to the Trust and Servicing Agreement or by the Trust Fund in connection with the purchase of the
Trust Loan and the other assets of the Trust Fund pursuant to Section 9.01(c) of the Trust and Servicing Agreement shall be
borne by the party exercising its purchase rights thereunder. The Trustee and the Certificate Administrator shall be entitled to
rely conclusively on any determination made by an Independent appraiser pursuant to Section 9.01(c) of the Trust and Servicing
Agreement.

 

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator and the Trustee
created by the Trust and Servicing Agreement with respect to the Certificates (other than the obligations of the Certificate Administrator
to make certain payments and to send certain notices to Certificateholders as set forth in the Trust and Servicing Agreement) shall
terminate upon payment (or provision for payment) to the Certificateholders and the Companion Loan Holders of all amounts held
by or on behalf of the Trustee, the Certificate Administrator and the Master Servicer, as the case may be, required under the Trust
and Servicing Agreement to be so paid on the Distribution Date following the earlier to occur of (i) the purchase of the Trust
Loan and all other property held by the Trust Fund in accordance with Section 9.01(c) of the Trust and Servicing Agreement;
(ii) the exchange by the Sole Owner of its Certificates for the Trust Loan in accordance with Section 9.01(g) of the
Trust and Servicing Agreement and (iii) the later of (a) the receipt or collection of the last payment due on the Trust
Loan included in the Trust Fund, or (b) the liquidation and disposition pursuant to the Trust and Servicing Agreement of the
last asset held by the Trust Fund; provided, however, that in no event shall the trust created by the Trust and Servicing
Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P.
Kennedy, the late Ambassador of the United States to the United Kingdom, living on the date hereof.

 

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

  

This Certificate does
not purport to summarize the Trust and Servicing Agreement and reference is made to that agreement for information with respect
to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of
the parties thereto.  This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust
and Servicing Agreement, to which Trust and Servicing Agreement, as amended from time to time, the Holder of this Certificate by
virtue of the

 

     A-8-11

    

    

 

acceptance hereof assents and by which such Holder is bound.  In the case of any conflict between terms specified
in this Certificate and terms specified in the Trust and Servicing Agreement, the terms of the Trust and Servicing Agreement shall
govern.

  

     A-8-12

    

    

 

IN WITNESS WHEREOF, the
Certificate Administrator has caused this Class R Certificate to be duly executed.

 

Dated: ____________

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Certificate Administrator
	 	 	 
		By:	 
	 	 	Name:

Title:

 

Certificate of Authentication

 

This is one of the Class
R Certificates referred to in the Trust and Servicing Agreement.

 

Dated: ___________

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Authenticating Agent
	 	 	 
		By:	 
	 	 	Name:

Title:

 

     A-8-13

    

    

 

EXHIBIT A-9

 

FORM OF CLASS LR CERTIFICATE

 

THIS CERTIFICATE DOES NOT REPRESENT
AN OBLIGATION OF OR INTEREST IN THE DEPOSITOR, ANY ORIGINATOR, THE MASTER SERVICER, THE SPECIAL SERVICER, THE CERTIFICATE ADMINISTRATOR,
THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

FOR U.S. FEDERAL INCOME TAX PURPOSES,
THIS CERTIFICATE REPRESENTS A “RESIDUAL INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).
A TRANSFEREE OF THIS CERTIFICATE, BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE SUBJECT TO CERTAIN RESTRICTIONS
ON TRANSFERABILITY, AS SET FORTH IN SECTION 5.02 OF THE TRUST AND SERVICING AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE CERTIFICATE ADMINISTRATOR TO THE EFFECT THAT IT IS A PERMITTED TRANSFEREE AND, AMONG OTHER THINGS, (A)
IT IS NOT A DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN SECTION 860E(e)(5) OF THE CODE, OR AN AGENT (INCLUDING A BROKER,
NOMINEE OR OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION AND IS OTHERWISE A PERMITTED TRANSFEREE, (B) IT WILL NOT CAUSE INCOME
WITH RESPECT TO THIS CERTIFICATE TO BE ATTRIBUTABLE TO A FOREIGN PERMANENT ESTABLISHMENT OR FIXED BASE, WITHIN THE MEANING OF AN
APPLICABLE INCOME TAX TREATY, OF SUCH PERSON OR ANY OTHER U.S. PERSON, (C) IT HAS HISTORICALLY PAID ITS DEBTS AS THEY HAVE COME
DUE AND INTENDS TO CONTINUE TO PAY ITS DEBTS AS THEY COME DUE IN THE FUTURE, AND (D) IT INTENDS TO PAY ANY TAXES ASSOCIATED WITH
HOLDING THIS CERTIFICATE AS THEY BECOME DUE. ANY PURPORTED TRANSFER TO A DISQUALIFIED ORGANIZATION OR OTHER PERSON THAT IS NOT
A PERMITTED TRANSFEREE OR OTHERWISE IN VIOLATION OF THESE RESTRICTIONS SHALL BE ABSOLUTELY NULL AND VOID AND SHALL VEST NO RIGHTS
IN ANY PURPORTED TRANSFEREE. BECAUSE THIS CERTIFICATE REPRESENTS A “NON-ECONOMIC RESIDUAL INTEREST,” AS DEFINED IN
TREASURY REGULATIONS SECTION 1.860E-1(c), CERTAIN TRANSFERS OF THIS CERTIFICATE WILL BE DISREGARDED FOR FEDERAL INCOME TAX PURPOSES.
IN ORDER TO SATISFY A REGULATORY SAFE HARBOR UNDER WHICH SUCH TRANSFERS WILL NOT BE DISREGARDED, THE TRANSFEROR MAY BE REQUIRED,
AMONG OTHER THINGS, TO SATISFY ITSELF AS TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND EITHER TO PAY A SPECIFIED AMOUNT
TO THE PROPOSED TRANSFEREE OR TRANSFER TO AN ELIGIBLE TRANSFEREE AS PROVIDED IN REGULATIONS.

 

     A-9-1

    

    

 

THE HOLDER OF THIS CERTIFICATE, BY ACCEPTANCE
HEREOF, IS DEEMED TO HAVE AGREED TO THE DESIGNATION OF THE CERTIFICATE ADMINISTRATOR AS “PARTNERSHIP REPRESENTATIVE”
(WITHIN THE MEANING OF SECTION 6223 OF THE CODE OF THE LOWER-TIER REMIC OR AS OTHERWISE PROVIDED IN THE TRUST AND SERVICING AGREEMENT
FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS, AND ONLY (A)(1) PURSUANT
TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (2) FOR SO LONG AS THIS CERTIFICATE IS
ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO AN INSTITUTIONAL INVESTOR THAT
THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (“QUALIFIED
INSTITUTIONAL BUYER”) PURCHASING FOR ITS OWN ACCOUNT, OR A PERSON PURCHASING FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL
BUYER, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (3) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTIONAL INVESTOR THAT IS AN “ACCREDITED INVESTOR”
AS SUCH TERM IS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL
OF THE EQUITY OWNERS ARE INSTITUTIONAL INVESTORS THAT ARE “ACCREDITED INVESTORS” AS SUCH TERM IS DEFINED IN RULE 501(a)(1),
(2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT, OR (4) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTION THAT
IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION,” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH,
RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, AND (B) IN ACCORDANCE WITH ANY OTHER APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CERTIFICATE SHOULD NOT BE PURCHASED
BY A TRANSFEREE THAT IS OR BECOMES (A) AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT, INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”)
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR A GOVERNMENTAL PLAN, AS DEFINED
IN SECTION 3(32) OF ERISA, OR OTHER PLAN SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) WHICH IS TO A MATERIAL
EXTENT SIMILAR TO THE FIDUCIARY

 

     A-9-2

    

    

 

RESPONSIBILITY PROVISIONS OF ERISA OR TO SECTION 4975 OF THE CODE (EACH, A “PLAN”),
OR (B) A PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN (INCLUDING ANY ENTITY WHOSE UNDERLYING ASSETS
INCLUDE PLAN ASSETS BY REASON OF A PLAN’S INVESTMENT IN THE ENTITY (WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATIONS
SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA)). TRANSFEREES OF THIS CERTIFICATE TAKING DELIVERY IN CERTIFICATED FORM
SHALL BE REQUIRED TO DELIVER A LETTER IN THE FORM ATTACHED TO THE TRUST AND SERVICING AGREEMENT TO SUCH EFFECT.

 

TRANSFERS AND EXCHANGES OF THIS CERTIFICATE
ARE SUBJECT TO RESTRICTIONS AS PROVIDED IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

ANY HOLDER DESIRING TO EFFECT A TRANSFER
OF THIS CERTIFICATE SHALL, AND DOES HEREBY AGREE TO, INDEMNIFY THE CERTIFICATE REGISTRAR, THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE,
THE MASTER SERVICER, THE SPECIAL SERVICER AND THE DEPOSITOR AGAINST ANY LIABILITY THAT MAY RESULT IF THE TRANSFER IS NOT EXEMPT
FROM THE SECURITIES ACT OR IS NOT MADE IN ACCORDANCE WITH FEDERAL AND STATE LAWS.

 

     A-9-3

    

    

 

CPTS 2019-CPT MORTGAGE TRUST COMMERCIAL
MORTGAGE

PASS-THROUGH CERTIFICATES, CLASS LR

 

	No.: LR-[__]	Percentage Interest: ___%
	 	
         

        CUSIP: 12654YAR01

        

         

         

        ISIN: US12654YAR092

        

         

 

This certifies that [              ]
is the registered owner of the Percentage Interest evidenced by this Certificate in the Trust Fund. The Class LR Certificateholder
is not entitled to interest or principal distributions. The Class LR Certificateholder will be entitled to receive the proceeds
of the remaining assets of the Upper-Tier REMIC, if any, on the Final Scheduled Distribution Date for the Certificates, after distributions
in respect of any accrued but unpaid interest on the Certificates and after distributions in reduction of principal balance have
reduced the principal balances of the Certificates to zero. It is not anticipated that there will be any assets remaining in the
Upper-Tier REMIC or Trust Fund on the Final Scheduled Distribution Date following the distributions on the Regular Certificates.
The Trust Fund, described more fully below, consists primarily of a Trust Loan secured by, among other things, a first priority
mortgage on the fee simple interest in two 44-story, Class A office towers located in Los Angeles, California, and held in trust
by the Trustee and serviced by the Master Servicer. The Trust Fund was created, and the Trust Loan is to be serviced, pursuant
to the Trust and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents
to the terms, provisions and conditions of the Trust and Servicing Agreement and is bound thereby.

 

The Trust and Servicing
Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”), between Deutsche Mortgage &
Asset Receiving Corporation, as depositor (the “Depositor”), Wells Fargo Bank, National Association, as master
servicer (in such capacity, the “Master Servicer”), CWCapital Asset Management LLC, as special servicer (the
“Special Servicer”), Wilmington Trust, National Association, as trustee (the “Trustee”),
and Wells Fargo Bank, National Association, as certificate administrator (in such capacity, the “Certificate Administrator”),
custodian and paying agent, evidences the issuance of the Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class
R, Class LR and Class VRR Certificates (the “Certificates”; the Holders of Certificates issued under the Trust
and Servicing Agreement are collectively referred to herein as “Certificateholders”). This Certificate is issued
pursuant to, and in accordance with, the terms of the Trust and Servicing Agreement. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.

 

This Class LR Certificate
represents the sole “residual interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1)

 

 

 

1
For Rule 144A Certificates.

 

2
For Rule 144A Certificates.

 

 

     A-9-4

    

    

 

and 860D of the Internal Revenue Code of 1986, as amended. Each Holder of this
Certificate, by acceptance hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in
accordance with the preceding sentence for purposes of federal income taxes, state and local income and franchise taxes and other
taxes imposed on or measured by income. The Certificate Administrator shall be the “partnership representative” within
the meaning of Section 6223 of the Code of the Lower-Tier REMIC pursuant to Treasury Regulations Section 1.860F-4(d). In addition,
each Holder agrees to the irrevocable designation of the Certificate Administrator as the “partnership representative”
as defined in Section 6223 of the Code of the Lower-Tier REMIC and to the Certificate Administrator making any elections allowed
under the Code to avoid (i) the application of Section 6221 of the Code (or successor provisions) to the Lower-Tier REMIC and (ii)
payment by the Lower-Tier REMIC under Section 6225 of the Code (or successor provisions) of any tax, penalty, interest or other
amount imposed under the Code that would otherwise be imposed on any holder of a Class LR Certificate, past or present.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and Servicing
Agreement. In the event that there is any conflict between any provision of this Certificate and any provision of the Trust and
Servicing Agreement, such provision of this Certificate shall be superseded by the Trust and Servicing Agreement to the extent
of such inconsistency.

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator, or the Paying Agent on behalf of the Certificate Administrator,
will distribute (other than the final distribution on any Certificate), on the fourth Business Day after each Determination Date
(each such date, a “Distribution Date”) an amount equal to such Person’s pro rata share (based on the
Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then distributable,
if any, allocable to the Class LR Certificates for such Distribution Date, all as more fully described in the Trust and Servicing
Agreement. “Determination Date” is defined in the Trust and Servicing Agreement as the 9th day of each calendar month,
or if such 9th day is not a Business Day, then the immediately preceding Business Day, commencing in December 2019. Holders of
this Certificate may be entitled to Prepayment Charges as provided in the Trust and Servicing Agreement.

 

During each Certificate
Interest Accrual Period (as defined below), interest on the Class LR Certificates will be calculated based on a 360-day year consisting
of twelve 30-day months, on the outstanding Certificate Balance hereof.

 

Interest accrued on this
Certificate during a Certificate Interest Accrual Period, plus the aggregate unpaid Class Interest Shortfall with respect to this
Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Trust and Servicing Agreement.
The “Certificate Interest Accrual Period” means, with respect to any Distribution Date, the calendar month immediately
preceding the month in which such Distribution Date occurs. The Certificate Interest Accrual Period is assumed to consist of 30
days.

 

All distributions (other
than the final distribution on any Certificate) will be made by the Paying Agent to the persons in whose names the Certificates
are registered at the close of

 

     A-9-5

    

    

 

business on each Record Date, which will be the close of business on the last Business Day of the
calendar month immediately preceding the month in which such Distribution Date occurs. Such distributions shall be made on each
Distribution Date other than the Termination Date to each Certificateholder of record on the related Record Date, by wire transfer
of immediately available funds to the account of such Holder at a bank or other entity located in the United States and having
appropriate facilities therefor; provided that such Holder shall have provided the Paying Agent with wire instructions in
writing at least five Business Days prior to the related Record Date, or, otherwise, by check mailed by first-class mail to the
address set forth therefor in the Certificate Register. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the office of the Certificate Administrator or its agent (which
may be the Paying Agent or the Certificate Registrar acting as such agent) that is specified in the notice to Holders of such final
distribution.

 

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall, on such date, be set
aside and held in trust for the benefit of the appropriate non-tendering Certificateholders. If any Certificates as to which notice
of the Termination Date has been given pursuant to the Trust and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders, at their last addresses shown in the Certificate Register, to surrender their Certificates for
cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one year after the
second notice not all of such Certificates shall have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining non-tendering Certificateholders concerning surrender of their
Certificates. The costs and expenses of holding such funds in trust and of contacting such Certificateholders shall be paid out
of such funds. If within two years after the second notice any such Certificates shall not have been surrendered for cancellation,
the Paying Agent shall pay to the Certificate Administrator all amounts distributable to the Holders thereof, and the Certificate
Administrator shall thereafter hold such amounts for the benefit of such Holders until the earlier of (i) its termination as Certificate
Administrator under the Trust and Servicing Agreement and the transfer of such amounts to a successor certificate administrator
and (ii) the termination of the Trust Fund and distribution of such amounts to the Class R Certificateholders. No interest
shall accrue or be payable to any Certificateholder on any amount held as a result of such Certificateholder’s failure to
surrender its Certificate(s) for final payment thereof in accordance with the Trust and Servicing Agreement. Such funds held by
the Certificate Administrator may be invested under certain circumstances, and all income and gain realized from investment of
such funds shall accrue for its benefit.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Trust Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement.

 

As provided in the Trust
and Servicing Agreement, the Trust Fund includes (in each case, to the extent of the Trust Fund’s interest therein) (i) the
Trust Loan, together with the Mortgage File relating thereto; (ii) all scheduled or unscheduled payments on or collections in respect
of the Trust Loan due after the Cut-off Date; (iii) any REO Property; (iv) all revenues received in respect of any REO Property;
(v) any indemnities or guaranties given as additional

 

     A-9-6

    

    

 

security for the Trust Loan; (vi) a security interest in all assets deposited
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts, and Reserve Accounts; (vii) amounts on deposit in the Collection
Account attributable to the Trust Loan as identified on the Trust Ledger, the Distribution Accounts, the Interest Reserve Account
or the REO Account, including any reinvestment income, as applicable; (viii) a security interest in any environmental indemnity
agreements relating to the Mortgaged Property; (ix) a security interest in all insurance policies with respect to the Trust Loan
and the Mortgaged Property; (x) the rights and remedies under the Trust Loan Purchase Agreements relating to document delivery
requirements with respect to the Trust Loan and the representations and warranties of the Trust Loan Sellers regarding the Trust
Loan; (xi) the Lower-Tier Regular Interests; and (xii) the proceeds of the foregoing (other than any interest earned on deposits
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts and any Reserve Accounts, to the extent such interest belongs
to the Borrower). As provided in the Trust and Servicing Agreement, withdrawals may be made from certain of the above-accounts
for purposes other than distributions to Certificateholders.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator.

 

As provided in the Trust
and Servicing Agreement and subject to certain limitations set forth therein, this Certificate is transferable or exchangeable
only upon surrender of this Certificate to the Certificate Registrar at its offices together with an assignment and transfer (executed
by the Holder or his duly authorized attorney), subject to the requirements in Article V of the Trust and Servicing Agreement.
Upon surrender for registration of transfer of this Certificate, subject to the requirements Article V of the Trust and Servicing
Agreement, the Certificate Administrator shall execute and the Authenticating Agent shall duly authenticate in the name of the
designated transferee or transferees, one or more new Certificates in authorized denominations of a like aggregate denomination
as the Certificate being surrendered. Such Certificates shall be delivered by the Certificate Registrar in accordance with Article
V of the Trust and Servicing Agreement.

 

Prior to due presentation
of this Certificate for registration of transfer, the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Certificate Registrar, any Paying Agent and any agent of any of them may treat the Person in whose name this Certificate
is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Certificate Registrar, any Paying Agent or any agent of any of them shall be affected by notice
or knowledge to the contrary.

 

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange referred
to in Section 5.02 of the Trust and Servicing Agreement other than for transfers to Institutional Accredited Investors as provided
in Section 5.02(h) of the Trust and Servicing Agreement. In connection with any transfer to an Institutional Accredited Investor,
the transferor shall reimburse the Trust Fund for any costs (including the cost of the Certificate Registrar’s counsel’s
review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate Registrar as

 

     A-9-7

    

    

 

provided
in the Trust and Servicing Agreement) incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar
may require payment by each transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection
with any such transfer.

 

The Trust and Servicing
Agreement or any Custodial Agreement may be amended at any time by the Depositor, the Master Servicer, the Special Servicer, the
Certificate Administrator and the Trustee without the consent of any of the Certificateholders or the Companion Loan Holders, (i)
to cure any ambiguity or to correct any error; (ii) to cause the provisions of the Trust and Servicing Agreement to conform or
be consistent with or in furtherance of the statements made in the Offering Circular with respect to the Certificates, the Trust
or the Trust and Servicing Agreement or to correct or supplement any provisions of the Trust and Servicing Agreement or the Offering
Circular which may be defective or inconsistent with any other provisions of the Trust and Servicing Agreement or the Offering
Circular; (iii) to amend any provision of the Trust and Servicing Agreement to the extent necessary or desirable to maintain the
rating or ratings assigned to each of the Classes of Certificates or Companion Loan Securities by each Rating Agency (provided
that such amendment does not adversely affect in any material respect (x) the rights or interests of any Certificateholder or Companion
Loan Holder not consenting thereto or (y) the rights or interests of the Directing Holder without the consent of the Holders of
Certificates representing 100% of the Controlling Class); (iv) to amend or supplement a provision, or to supplement any other provisions
to the extent not inconsistent with the provisions of the Trust and Servicing Agreement, or any other change that will not adversely
affect in any material respect the interests of any Certificateholder or Companion Loan Holder not consenting thereto (as evidenced
in writing by an Opinion of Counsel or, if solely affecting any Certificateholder of a rated Class or a Companion Loan Holder of
rated Companion Loan Securities, in respect of which a No Downgrade Confirmation has been obtained relating to the Certificates
or the Companion Loan Securities, if applicable); (v) to modify, eliminate or add to any of its provisions in the event the Credit
Risk Retention Rules or any other regulations applicable to the risk retention requirements for this securitization transaction
are amended or repealed in whole or in part, to the extent required to comply with any such amendment or, to the extent applicable,
to modify or eliminate the affected provision(s) related to the risk retention requirements in the event of such repeal; and (vi)
to modify the procedures of the Trust and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act; provided
that such modification would not (a) materially increase the obligations or decrease the rights of the Depositor, the Trustee,
the Paying Agent, the Certificate Administrator, the 17g-5 Information Provider, the Master Servicer or the Special Servicer without
such parties’ consent, (b) reduce the consent or consultation rights or the right to receive information under the Trust
and Servicing Agreement of the Directing Holder without the consent of the Directing Holder or (c) adversely affect in any material
respect the interests of any Certificateholders or any Companion Loan Holder not consenting thereto, as evidenced by in the case
of clauses (iii), (iv) and (vi) above by (x) an Opinion of Counsel or (y) solely in the case of a Certificateholder of a rated
Class, receipt of a No Downgrade Confirmation from each Rating Agency and a No Downgrade Confirmation with respect to any Companion
Loan Securities. In no event shall any such amendment cause the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as
a REMIC or subject either REMIC to tax.

 

     A-9-8

    

    

 

The Trust and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator and the Trustee with the prior written consent of the Holders of Certificates representing not less
than 66-2/3% of the Percentage Interests of each Class of Certificates (without regard to Certificates held by the Depositor, any
of the Depositor’s Affiliates and/or agents or the Trust Loan Sellers) and the Companion Loan Holders affected thereby for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment may:

 

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Whole Loan
which are required to be distributed on any Certificate, without the consent of the Holders of Certificates representing all of
the Percentage Interests of the Class or Classes affected thereby or which are required to be distributed to any Companion Loan
Holders without the consent of such Companion Loan Holder;

 

		(ii)	alter the Servicing Standard or obligations of the Master Servicer or the Trustee to make a P&I
Advance, Administrative Advance or a Property Advance, without the consent of the Holders of the Certificates representing all
of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected Companion Loan Holder);

 

		(iii)	change the percentages of Voting Rights or Percentage Interests of Holders of Certificates which
are required to consent to any action or inaction under the Trust and Servicing Agreement without the consent of the Holders of
Certificates representing all of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected
Companion Loan Holder; or

 

		(iv)	amend any section of the Trust and Servicing Agreement which relates to the amendment of the Trust
and Servicing Agreement without the consent of the Holders of all Certificates representing all of the Percentage Interests of
the Class or Classes affected thereby and the consent of any affected Companion Loan Holder.

 

Further, the Depositor,
the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee, at any time and from time to time, without
the consent of the Certificateholders or the Companion Loan Holders, may amend the Trust and Servicing Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be necessary: (i) to maintain the qualification of the Lower-Tier REMIC
or the Upper-Tier REMIC as a REMIC, or to prevent the imposition of any additional material state or local taxes, at all times
that any Certificates are outstanding; provided that such action, as evidenced by an Opinion of Counsel (obtained at the
expense of the Trust Fund), is necessary or helpful to maintain such qualification or to prevent the imposition of any such taxes,
and would not adversely affect in any material respect the interest of any Certificateholder or the Companion

 

     A-9-9

    

    

 

Loan Holders or (ii)
to comply with the Investment Company Act of 1940, as amended, and/or any related regulatory actions and/or interpretations.

 

The Directing Holder
and, if the Directing Holder does not exercise such option, then the Special Servicer and if the Special Servicer does not exercise
such option, then the Master Servicer, and if the Master Servicer does not exercise such option, then the Holder
of a majority Percentage Interest in the Class R and Class LR Certificates, may effect an early termination of the Trust Fund (provided
that such party has provided 15 Business Days’ prior notice to each of the parties with such option and none of the parties
with a higher priority has elected to exercise such option within such 15 Business Day period), upon not less than 30 days’
prior Notice of Termination (which Notice of Termination shall satisfy the notice requirement of the proviso) given to the Trustee,
the Certificate Administrator, the Special Servicer and the Master Servicer any time on or after the Early Termination Notice Date
specifying the Anticipated Final Termination Date, by purchasing on such date all, but not less than all, of the Trust Loan then
included in the Trust Fund, and the Trust’s interest in all property acquired in respect of the Trust Loan, at a purchase
price, payable in cash, equal to the greater of,

 

(i)            the
sum of, without duplication:

 

		(A)	100% the outstanding principal balance of the Trust Loan as of the last day of the month preceding
such Anticipated Final Termination Date (less any P&I Advances previously made on account of principal);

 

		(B)	the fair market value of all other property included in the Trust Fund as of the last day of the
month preceding such Anticipated Final Termination Date, as determined by an Independent appraiser acceptable to the Master Servicer
as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date;

 

		(C)	all unpaid interest accrued on the outstanding principal balance of the Trust Loan (including circumstances
where title to the Mortgaged Property has been acquired) at the Trust Loan Rate to the last day of the Whole Loan Interest
Accrual Period preceding such Anticipated Final Termination Date (less any P&I Advances previously made on account of interest);

 

		(D)	the aggregate amount of unreimbursed Advances, with interest thereon at the Advance Rate, unpaid
Servicing Compensation, Special Servicing Compensation, Trustee/Certificate Administrator Fees, the CREFC® License
Fee and Trust Fund expenses and indemnity amounts owed by the Trust; and

 

(ii)           the
aggregate fair market value of the Trust Loan, and all other property acquired in respect of the Trust Loan in the Trust Fund,
on the last day of the month preceding such Distribution Date, as determined by an Independent appraiser acceptable

 

     A-9-10

    

    

 

to the Master
Servicer as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date, together with
one month’s interest thereon at the Trust Loan Rate.

 

In addition, the Trust
and Servicing Agreement provides that the Sole Owner shall have the right to exchange all of its Certificates for the Trust Loan
or REO Property, as applicable, as contemplated by clause (ii) of Section 9.01(a) of the Trust and Servicing Agreement by
giving written notice to all the parties to the Trust and Servicing Agreement no later than 60 days prior to the anticipated date
of exchange.

 

All costs and expenses
incurred by any and all parties to the Trust and Servicing Agreement or by the Trust Fund in connection with the purchase of the
Trust Loan and the other assets of the Trust Fund pursuant to Section 9.01(c) of the Trust and Servicing Agreement shall be
borne by the party exercising its purchase rights thereunder. The Trustee and the Certificate Administrator shall be entitled to
rely conclusively on any determination made by an Independent appraiser pursuant to Section 9.01(c) of the Trust and Servicing
Agreement.

 

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator and the Trustee
created by the Trust and Servicing Agreement with respect to the Certificates (other than the obligations of the Certificate Administrator
to make certain payments and to send certain notices to Certificateholders as set forth in the Trust and Servicing Agreement) shall
terminate upon payment (or provision for payment) to the Certificateholders and the Companion Loan Holders of all amounts held
by or on behalf of the Trustee, the Certificate Administrator and the Master Servicer, as the case may be, required under the Trust
and Servicing Agreement to be so paid on the Distribution Date following the earlier to occur of (i) the purchase of the Trust
Loan and all other property held by the Trust Fund in accordance with Section 9.01(c) of the Trust and Servicing Agreement;
(ii) the exchange by the Sole Owner of its Certificates for the Trust Loan in accordance with Section 9.01(g) of the
Trust and Servicing Agreement and (iii) the later of (a) the receipt or collection of the last payment due on the Trust
Loan included in the Trust Fund, or (b) the liquidation and disposition pursuant to the Trust and Servicing Agreement of the
last asset held by the Trust Fund; provided, however, that in no event shall the trust created by the Trust and Servicing
Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P.
Kennedy, the late Ambassador of the United States to the United Kingdom, living on the date hereof.

 

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement and reference is made to that agreement for information with respect
to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of
the parties thereto.  This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust
and Servicing Agreement, to which Trust and Servicing Agreement, as amended from time to time, the Holder of this Certificate by
virtue of the

 

     A-9-11

    

    

 

acceptance hereof assents and by which such Holder is bound.  In the case of any conflict between terms specified
in this Certificate and terms specified in the Trust and Servicing Agreement, the terms of the Trust and Servicing Agreement shall
govern.

 

     A-9-12

    

    

 

IN WITNESS WHEREOF, the
Certificate Administrator has caused this Class LR Certificate to be duly executed.

 

Dated: ____________

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Certificate Administrator
	 	 	 
		By:	 
	 	 	Name:

Title:

 

Certificate of Authentication

 

This is one of the Class
LR Certificates referred to in the Trust and Servicing Agreement.

 

Dated: ____________

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Authenticating Agent
	 	 	 
		By:	 
	 	 	Name:

Title:

 

     A-9-13

    

    

 

EXHIBIT A-10

 

FORM OF CLASS VRR [RULE 144A]1
[REG S]2 CERTIFICATE

 

THIS CERTIFICATE IS SUBJECT TO CERTAIN
RESTRICTIONS ON TRANSFERS, HEDGING AND PLEDGING PURSUANT TO THE CREDIT RISK RETENTION RULE. THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED
TO COMPLY WITH THE TRANSFER REQUIREMENTS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. THE CERTIFICATE REGISTRAR SHALL REFUSE
TO REGISTER THE TRANSFER OF THIS CERTIFICATE UNLESS SUCH TRANSFER IS IN ACCORDANCE WITH SECTION 5.02(n) OF THE TRUST AND SERVICING
AGREEMENT.

 

[FOR BOOK-ENTRY CERTIFICATES AND SOLELY
FOLLOWING THE Transfer Restriction Period (US):
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]3

 

[FOR BOOK-ENTRY CERTIFICATES AND SOLELY
FOLLOWING THE Transfer Restriction Period (US):
TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR
THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO
TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]4

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE

 

 

 

1
For Rule 144A Global Certificates only.

 

2
For Reg S Global Certificates only.

 

3
Legend required as long as DTC is the Depository under the Trust and Servicing Agreement.

 

4
Global Certificate legend.

 

     A-10-1

    

    

 

HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS, AND ONLY (A)(1) PURSUANT
TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (2) FOR SO LONG AS THIS CERTIFICATE IS
ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO AN INSTITUTIONAL INVESTOR THAT
THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (“QUALIFIED
INSTITUTIONAL BUYER”) PURCHASING FOR ITS OWN ACCOUNT, OR A PERSON PURCHASING FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL
BUYER, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (3) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTIONAL INVESTOR THAT IS AN “ACCREDITED INVESTOR”
AS SUCH TERM IS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL
OF THE EQUITY OWNERS ARE INSTITUTIONAL INVESTORS THAT ARE “ACCREDITED INVESTORS” AS SUCH TERM IS DEFINED IN RULE 501(a)(1),
(2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT, OR (4) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTION THAT
IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION,” AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH,
RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, AND (B) IN ACCORDANCE WITH ANY OTHER APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED
TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. A TRANSFEREE IS ALSO REQUIRED TO DELIVER
AN INVESTMENT REPRESENTATION LETTER SUBSTANTIALLY IN THE FORM OF EXHIBIT D-1 TO THE TRUST AND SERVICING AGREEMENT IF SUCH TRANSFEREE
IS A QUALIFIED INSTITUTIONAL BUYER OR (OTHER THAN WITH RESPECT TO A RESIDUAL CERTIFICATE) AN INSTITUTIONAL ACCREDITED INVESTOR,
AND MAY ALSO BE REQUIRED TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A.

 

THIS CERTIFICATE SHOULD NOT BE PURCHASED
BY A TRANSFEREE THAT IS OR BECOMES (A) AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT, INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT OR A KEOGH PLAN, WHICH IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”)
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR A

 

     A-10-2

    

    

 

GOVERNMENTAL PLAN, AS DEFINED
IN SECTION 3(32) OF ERISA, OR OTHER PLAN SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) WHICH IS TO A MATERIAL
EXTENT SIMILAR TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF ERISA OR TO SECTION 4975 OF THE CODE (EACH, A “PLAN”),
OR (B) A PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN (INCLUDING ANY ENTITY WHOSE UNDERLYING ASSETS
INCLUDE PLAN ASSETS BY REASON OF A PLAN’S INVESTMENT IN THE ENTITY (WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATIONS
SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA)). TRANSFEREES OF THIS CERTIFICATE TAKING DELIVERY IN CERTIFICATED FORM
SHALL BE REQUIRED TO DELIVER A LETTER IN THE FORM ATTACHED TO THE TRUST AND SERVICING AGREEMENT TO SUCH EFFECT.

 

ANY HOLDER DESIRING TO EFFECT A TRANSFER
OF THIS CERTIFICATE SHALL, AND DOES HEREBY AGREE TO, INDEMNIFY THE CERTIFICATE REGISTRAR, THE CERTIFICATE ADMINISTRATOR, THE TRUSTEE,
THE MASTER SERVICER, THE SPECIAL SERVICER AND THE DEPOSITOR AGAINST ANY LIABILITY THAT MAY RESULT IF THE TRANSFER IS NOT EXEMPT
FROM THE SECURITIES ACT OR IS NOT MADE IN ACCORDANCE WITH FEDERAL AND STATE LAWS.

 

THIS CERTIFICATE DOES NOT REPRESENT
AN OBLIGATION OF OR INTEREST IN THE DEPOSITOR, ANY ORIGINATOR, THE MASTER SERVICER, THE SPECIAL SERVICER, THE CERTIFICATE ADMINISTRATOR,
THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

 

PRINCIPAL PAYMENTS ON THIS CERTIFICATE
ARE PAYABLE IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME
MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

TRANSFERS AND EXCHANGES OF PORTIONS
OF THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS AS PROVIDED IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.

 

THIS CERTIFICATE IS SUBORDINATE TO ONE
OR MORE OTHER CLASSES OF CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

FOR U.S. FEDERAL INCOME TAX PURPOSES,
THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

     A-10-3

    

    

 

[THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT AND, PRIOR TO THE DATE THAT IS 40 DAYS AFTER THE OFFERING OF THE CERTIFICATES,
MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.]1

 

 

 

1
For Reg S Global Certificates only.

 

     A-10-4

    

    

 

CPTS 2019-CPT MORTGAGE TRUST COMMERCIAL
MORTGAGE

PASS-THROUGH CERTIFICATES, CLASS VRR

 

	Class VRR Pass-Through Rate: N/A. 	 	CUSIP:	
        BCC2LYK971

        12654YAS82

         

	 	 	ISIN:	US12654YAS813
	 	 	 	 
	Original Aggregate Certificate Balance of the Class VRR Certificates: $41,250,000	 	Initial Certificate Balance of this Certificate: $[______] [FOR GLOBAL CERTIFICATES ONLY: (SUBJECT TO SCHEDULES OF EXCHANGES ATTACHED)]
	 	 	 	 
	First Distribution Date: December 13, 2019	 	Cut-off Date: November 9, 2019
	 	 	 	 
	Assumed Final Distribution Date: November 2029	 	No.: VRR-[__]

 

This certifies that [_______]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect
to the Class VRR Certificates. The Trust Fund, described more fully below, consists primarily of a Trust Loan secured by, among
other things, a first priority mortgage on the fee simple interest in two 44-story, Class A office towers located in Los Angeles,
California, and held in trust by the Trustee and serviced by the Master Servicer. The Trust Fund was created, and the Trust Loan
is to be serviced, pursuant to the Trust and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue
of the acceptance hereof, assents to the terms, provisions and conditions of the Trust and Servicing Agreement and is bound thereby.

 

The Trust and Servicing
Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”), between Deutsche Mortgage &
Asset Receiving Corporation, as depositor (the “Depositor”), Wells Fargo Bank, National Association, as master
servicer (in such capacity, the “Master Servicer”), CWCapital Asset Management LLC, as special servicer (the
“Special Servicer”), Wilmington Trust, National Association, as trustee (the “Trustee”),
and Wells Fargo Bank, National Association, as certificate administrator (in such capacity, the “Certificate Administrator”),
custodian and paying agent, evidences the issuance of the Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class
R, Class LR and Class VRR Certificates (the “Certificates”; the Holders of Certificates issued under the Trust
and Servicing Agreement are collectively referred to herein as “Certificateholders”). This Certificate is issued
pursuant to, and in accordance with, the terms of the Trust and Servicing Agreement. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.

 

 

 

1
For Rule 144A Certificates.

 

2
For IAI Certificates.

 

3
For IAI Certificates.

 

     A-10-5

    

    

 

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended. Each Holder of this Certificate, by acceptance
hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding
sentence for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured
by income.

 

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates
or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator under the Trust and Servicing
Agreement. In the event that there is any conflict between any provision of this Certificate and any provision of the Trust and
Servicing Agreement, such provision of this Certificate shall be superseded by the Trust and Servicing Agreement to the extent
of such inconsistency.

 

Pursuant to the terms
of the Trust and Servicing Agreement, the Certificate Administrator, or the Paying Agent on behalf of the Certificate Administrator,
will distribute (other than the final distribution on any Certificate), on the fourth Business Day after each Determination Date
(each such date, a “Distribution Date”) an amount equal to such Person’s pro rata share (based on the
Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then distributable,
if any, allocable to the Class VRR Certificates for such Distribution Date, all as more fully described in the Trust and Servicing
Agreement. “Determination Date” is defined in the Trust and Servicing Agreement as the 9th day of each calendar month,
or if such 9th day is not a Business Day, then the immediately preceding Business Day, commencing in December 2019. Holders of
this Certificate may be entitled to Prepayment Charges as provided in the Trust and Servicing Agreement.

 

During each Certificate
Interest Accrual Period (as defined below), interest on the Class VRR Certificates will be calculated based on a 360-day year consisting
of twelve 30-day months, on the outstanding Certificate Balance hereof.

 

Interest accrued on this
Certificate during a Certificate Interest Accrual Period, plus the aggregate unpaid Class Interest Shortfall with respect to this
Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Trust and Servicing Agreement.
The “Certificate Interest Accrual Period” means, with respect to any Distribution Date, the calendar month immediately
preceding the month in which such Distribution Date occurs. The Certificate Interest Accrual Period is assumed to consist of 30
days.

 

All distributions (other
than the final distribution on any Certificate) will be made by the Paying Agent to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the close of business on the last Business Day of the
calendar month immediately preceding the month in which such Distribution Date occurs. Such distributions shall be made on each
Distribution Date other than the Termination Date to each Certificateholder of record on the related Record Date, by wire transfer
of immediately available funds to the account of such Holder at a bank or other entity located in the United States and having
appropriate facilities therefor; provided that such Holder shall have provided the Paying Agent with wire instructions in
writing at least five Business Days prior to the related

 

     A-10-6

    

    

 

Record Date, or, otherwise, by check mailed by first-class mail to the
address set forth therefor in the Certificate Register. The final distribution on each Certificate shall be made in like manner,
but only upon presentment and surrender of such Certificate at the office of the Certificate Administrator or its agent (which
may be the Paying Agent or the Certificate Registrar acting as such agent) that is specified in the notice to Holders of such final
distribution.

 

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall, on such date, be set
aside and held in trust for the benefit of the appropriate non-tendering Certificateholders. If any Certificates as to which notice
of the Termination Date has been given pursuant to the Trust and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders, at their last addresses shown in the Certificate Register, to surrender their Certificates for
cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one year after the
second notice not all of such Certificates shall have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining non-tendering Certificateholders concerning surrender of their
Certificates. The costs and expenses of holding such funds in trust and of contacting such Certificateholders shall be paid out
of such funds. If within two years after the second notice any such Certificates shall not have been surrendered for cancellation,
the Paying Agent shall pay to the Certificate Administrator all amounts distributable to the Holders thereof, and the Certificate
Administrator shall thereafter hold such amounts for the benefit of such Holders until the earlier of (i) its termination as Certificate
Administrator under the Trust and Servicing Agreement and the transfer of such amounts to a successor certificate administrator
and (ii) the termination of the Trust Fund and distribution of such amounts to the Class R Certificateholders. No interest
shall accrue or be payable to any Certificateholder on any amount held as a result of such Certificateholder’s failure to
surrender its Certificate(s) for final payment thereof in accordance with the Trust and Servicing Agreement. Such funds held by
the Certificate Administrator may be invested under certain circumstances, and all income and gain realized from investment of
such funds shall accrue for its benefit.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Trust Loan, as more specifically
set forth herein and in the Trust and Servicing Agreement.

 

As provided in the Trust
and Servicing Agreement, the Trust Fund includes (in each case, to the extent of the Trust Fund’s interest therein) (i) the
Trust Loan, together with the Mortgage File relating thereto; (ii) all scheduled or unscheduled payments on or collections in respect
of the Trust Loan due after the Cut-off Date; (iii) any REO Property; (iv) all revenues received in respect of any REO Property;
(v) any indemnities or guaranties given as additional security for the Trust Loan; (vi) a security interest in all assets deposited
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts, and Reserve Accounts; (vii) amounts on deposit in the Collection
Account attributable to the Trust Loan as identified on the Trust Ledger, the Distribution Accounts, the Interest Reserve Account
or the REO Account, including any reinvestment income, as applicable; (viii) a security interest in any environmental indemnity
agreements relating to the Mortgaged Property; (ix) a security interest in all insurance policies with respect to the Trust Loan
and the Mortgaged Property; (x) the rights and remedies under the

 

     A-10-7

    

    

 

Trust Loan Purchase Agreements relating to document delivery
requirements with respect to the Trust Loan and the representations and warranties of the Trust Loan Sellers regarding the Trust
Loan; (xi) the Lower-Tier Regular Interests; and (xii) the proceeds of the foregoing (other than any interest earned on deposits
in the Lock-Box Accounts, Cash Collateral Accounts, Escrow Accounts and any Reserve Accounts, to the extent such interest belongs
to the Borrower). As provided in the Trust and Servicing Agreement, withdrawals may be made from certain of the above-accounts
for purposes other than distributions to Certificateholders.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator.

 

As provided in the Trust
and Servicing Agreement and subject to certain limitations set forth therein, this Certificate is transferable or exchangeable
only upon surrender of this Certificate to the Certificate Registrar at its offices together with an assignment and transfer (executed
by the Holder or his duly authorized attorney), subject to the requirements in Article V of the Trust and Servicing Agreement.
Upon surrender for registration of transfer of this Certificate, subject to the requirements Article V of the Trust and Servicing
Agreement, the Certificate Administrator shall execute and the Authenticating Agent shall duly authenticate in the name of the
designated transferee or transferees, one or more new Certificates in authorized denominations of a like aggregate denomination
as the Certificate being surrendered. Such Certificates shall be delivered by the Certificate Registrar in accordance with Article
V of the Trust and Servicing Agreement.

 

Prior to due presentation
of this Certificate for registration of transfer, the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Certificate Registrar, any Paying Agent and any agent of any of them may treat the Person in whose name this Certificate
is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Certificate Registrar, any Paying Agent or any agent of any of them shall be affected by notice
or knowledge to the contrary.

 

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange referred
to in Section 5.02 of the Trust and Servicing Agreement other than for transfers to Institutional Accredited Investors as provided
in Section 5.02(h) of the Trust and Servicing Agreement. In connection with any transfer to an Institutional Accredited Investor,
the transferor shall reimburse the Trust Fund for any costs (including the cost of the Certificate Registrar’s counsel’s
review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate Registrar as provided
in the Trust and Servicing Agreement) incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar
may require payment by each transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection
with any such transfer.

 

The Trust and Servicing
Agreement or any Custodial Agreement may be amended at any time by the Depositor, the Master Servicer, the Special Servicer, the
Certificate

 

     A-10-8

    

    

 

Administrator and the Trustee without the consent of any of the Certificateholders or the Companion Loan Holders, (i)
to cure any ambiguity or to correct any error; (ii) to cause the provisions of the Trust and Servicing Agreement to conform or
be consistent with or in furtherance of the statements made in the Offering Circular with respect to the Certificates, the Trust
or the Trust and Servicing Agreement or to correct or supplement any provisions of the Trust and Servicing Agreement or the Offering
Circular which may be defective or inconsistent with any other provisions of the Trust and Servicing Agreement or the Offering
Circular; (iii) to amend any provision of the Trust and Servicing Agreement to the extent necessary or desirable to maintain the
rating or ratings assigned to each of the Classes of Certificates or Companion Loan Securities by each Rating Agency (provided
that such amendment does not adversely affect in any material respect (x) the rights or interests of any Certificateholder or Companion
Loan Holder not consenting thereto or (y) the rights or interests of the Directing Holder without the consent of the Holders of
Certificates representing 100% of the Controlling Class); (iv) to amend or supplement a provision, or to supplement any other provisions
to the extent not inconsistent with the provisions of the Trust and Servicing Agreement, or any other change that will not adversely
affect in any material respect the interests of any Certificateholder or Companion Loan Holder not consenting thereto (as evidenced
in writing by an Opinion of Counsel or, if solely affecting any Certificateholder of a rated Class or a Companion Loan Holder of
rated Companion Loan Securities, in respect of which a No Downgrade Confirmation has been obtained relating to the Certificates
or the Companion Loan Securities, if applicable); (v) to modify, eliminate or add to any of its provisions in the event the Credit
Risk Retention Rules or any other regulations applicable to the risk retention requirements for this securitization transaction
are amended or repealed in whole or in part, to the extent required to comply with any such amendment or, to the extent applicable,
to modify or eliminate the affected provision(s) related to the risk retention requirements in the event of such repeal; and (vi)
to modify the procedures of the Trust and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act; provided
that such modification would not (a) materially increase the obligations or decrease the rights of the Depositor, the Trustee,
the Paying Agent, the Certificate Administrator, the 17g-5 Information Provider, the Master Servicer or the Special Servicer without
such parties’ consent, (b) reduce the consent or consultation rights or the right to receive information under the Trust
and Servicing Agreement of the Directing Holder without the consent of the Directing Holder or (c) adversely affect in any material
respect the interests of any Certificateholders or any Companion Loan Holder not consenting thereto, as evidenced by in the case
of clauses (iii), (iv) and (vi) above by (x) an Opinion of Counsel or (y) solely in the case of a Certificateholder of a rated
Class, receipt of a No Downgrade Confirmation from each Rating Agency and a No Downgrade Confirmation with respect to any Companion
Loan Securities. In no event shall any such amendment cause the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as
a REMIC or subject either REMIC to tax.

 

The Trust and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator and the Trustee with the prior written consent of the Holders of Certificates representing not less
than 66-2/3% of the Percentage Interests of each Class of Certificates (without regard to Certificates held by the Depositor, any
of the Depositor’s Affiliates and/or agents or the Trust Loan Sellers) and the Companion Loan Holders affected thereby for
the purpose of adding any provisions to or changing in any manner or eliminating

 

     A-10-9

    

    

 

any of the provisions of the Trust and Servicing
Agreement or modifying in any manner the rights of the Certificateholders; provided, however, that no such amendment may:

 

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Whole Loan
which are required to be distributed on any Certificate, without the consent of the Holders of Certificates representing all of
the Percentage Interests of the Class or Classes affected thereby or which are required to be distributed to any Companion Loan
Holders without the consent of such Companion Loan Holder;

 

		(ii)	alter the Servicing Standard or obligations of the Master Servicer or the Trustee to make a P&I
Advance, Administrative Advance or a Property Advance, without the consent of the Holders of the Certificates representing all
of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected Companion Loan Holder);

 

		(iii)	change the percentages of Voting Rights or Percentage Interests of Holders of Certificates which
are required to consent to any action or inaction under the Trust and Servicing Agreement without the consent of the Holders of
Certificates representing all of the Percentage Interests of the Class or Classes affected thereby and the consent of any affected
Companion Loan Holder; or

 

		(iv)	amend any section of the Trust and Servicing Agreement which relates to the amendment of the Trust
and Servicing Agreement without the consent of the Holders of all Certificates representing all of the Percentage Interests of
the Class or Classes affected thereby and the consent of any affected Companion Loan Holder.

 

Further, the Depositor,
the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee, at any time and from time to time, without
the consent of the Certificateholders or the Companion Loan Holders, may amend the Trust and Servicing Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be necessary: (i) to maintain the qualification of the Lower-Tier REMIC
or the Upper-Tier REMIC as a REMIC, or to prevent the imposition of any additional material state or local taxes, at all times
that any Certificates are outstanding; provided that such action, as evidenced by an Opinion of Counsel (obtained at the
expense of the Trust Fund), is necessary or helpful to maintain such qualification or to prevent the imposition of any such taxes,
and would not adversely affect in any material respect the interest of any Certificateholder or the Companion Loan Holders or (ii)
to comply with the Investment Company Act of 1940, as amended, and/or any related regulatory actions and/or interpretations.

 

The Directing Holder
and, if the Directing Holder does not exercise such option, then the Special Servicer and if the Special Servicer does not exercise
such option, then the Master Servicer, and if the Master Servicer does not exercise such option, then the Holder
of a majority Percentage Interest in the Class R and Class LR Certificates, may effect an early termination of the Trust Fund (provided
that such party has provided 15 Business Days’ prior

 

     A-10-10

    

    

 

notice to each of the parties with such option and none of the parties
with a higher priority has elected to exercise such option within such 15 Business Day period), upon not less than 30 days’
prior Notice of Termination (which Notice of Termination shall satisfy the notice requirement of the proviso) given to the Trustee,
the Certificate Administrator, the Special Servicer and the Master Servicer any time on or after the Early Termination Notice Date
specifying the Anticipated Final Termination Date, by purchasing on such date all, but not less than all, of the Trust Loan then
included in the Trust Fund, and the Trust’s interest in all property acquired in respect of the Trust Loan, at a purchase
price, payable in cash, equal to the greater of,

 

(i)            the
sum of, without duplication:

 

		(A)	100% the outstanding principal balance of the Trust Loan as of the last day of the month preceding
such Anticipated Final Termination Date (less any P&I Advances previously made on account of principal);

 

		(B)	the fair market value of all other property included in the Trust Fund as of the last day of the
month preceding such Anticipated Final Termination Date, as determined by an Independent appraiser acceptable to the Master Servicer
as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date;

 

		(C)	all unpaid interest accrued on the outstanding principal balance of the Trust Loan (including circumstances
where title to the Mortgaged Property has been acquired) at the Trust Loan Rate to the last day of the Whole Loan Interest
Accrual Period preceding such Anticipated Final Termination Date (less any P&I Advances previously made on account of interest);

 

		(D)	the aggregate amount of unreimbursed Advances, with interest thereon at the Advance Rate, unpaid
Servicing Compensation, Special Servicing Compensation, Trustee/Certificate Administrator Fees, the CREFC® License
Fee and Trust Fund expenses and indemnity amounts owed by the Trust; and

 

(ii)           the
aggregate fair market value of the Trust Loan, and all other property acquired in respect of the Trust Loan in the Trust Fund,
on the last day of the month preceding such Distribution Date, as determined by an Independent appraiser acceptable to the Master
Servicer as of a date not more than 30 days prior to the last day of the month preceding such Distribution Date, together with
one month’s interest thereon at the Trust Loan Rate.

 

In addition, the Trust
and Servicing Agreement provides that the Sole Owner shall have the right to exchange all of its Certificates for the Trust Loan
or REO Property, as applicable, as contemplated by clause (ii) of Section 9.01(a) of the Trust and Servicing

 

     A-10-11

    

    

 

Agreement by
giving written notice to all the parties to the Trust and Servicing Agreement no later than 60 days prior to the anticipated date
of exchange.

 

All costs and expenses
incurred by any and all parties to the Trust and Servicing Agreement or by the Trust Fund in connection with the purchase of the
Trust Loan and the other assets of the Trust Fund pursuant to Section 9.01(c) of the Trust and Servicing Agreement shall be
borne by the party exercising its purchase rights thereunder. The Trustee and the Certificate Administrator shall be entitled to
rely conclusively on any determination made by an Independent appraiser pursuant to Section 9.01(c) of the Trust and Servicing
Agreement.

 

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator and the Trustee
created by the Trust and Servicing Agreement with respect to the Certificates (other than the obligations of the Certificate Administrator
to make certain payments and to send certain notices to Certificateholders as set forth in the Trust and Servicing Agreement) shall
terminate upon payment (or provision for payment) to the Certificateholders and the Companion Loan Holders of all amounts held
by or on behalf of the Trustee, the Certificate Administrator and the Master Servicer, as the case may be, required under the Trust
and Servicing Agreement to be so paid on the Distribution Date following the earlier to occur of (i) the purchase of the Trust
Loan and all other property held by the Trust Fund in accordance with Section 9.01(c) of the Trust and Servicing Agreement;
(ii) the exchange by the Sole Owner of its Certificates for the Trust Loan in accordance with Section 9.01(g) of the
Trust and Servicing Agreement and (iii) the later of (a) the receipt or collection of the last payment due on the Trust
Loan included in the Trust Fund, or (b) the liquidation and disposition pursuant to the Trust and Servicing Agreement of the
last asset held by the Trust Fund; provided, however, that in no event shall the trust created by the Trust and Servicing
Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P.
Kennedy, the late Ambassador of the United States to the United Kingdom, living on the date hereof.

 

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing Agreement or be
valid for any purpose.

 

This Certificate does
not purport to summarize the Trust and Servicing Agreement and reference is made to that agreement for information with respect
to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of
the parties thereto.  This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust
and Servicing Agreement, to which Trust and Servicing Agreement, as amended from time to time, the Holder of this Certificate by
virtue of the acceptance hereof assents and by which such Holder is bound.  In the case of any conflict between terms specified
in this Certificate and terms specified in the Trust and Servicing Agreement, the terms of the Trust and Servicing Agreement shall
govern.

 

     A-10-12

    

    

 

IN WITNESS WHEREOF, the
Certificate Administrator has caused this Class VRR Certificate to be duly executed.

 

Dated: ____________

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Certificate Administrator
	 	 	 
		By:	 
	 	 	Name:

Title:

 

Certificate of Authentication

 

This is a part of the
Class VRR Certificates referred to in the Trust and Servicing Agreement.

 

Dated: ____________

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Authenticating Agent
	 	 	 
		By:	 
	 	 	Name:

Title:

 

     A-10-13

    

    

 

[TO BE ATTACHED TO GLOBAL CERTIFICATES]
SCHEDULE OF EXCHANGES OF GLOBAL CERTIFICATES

 

The following exchanges of a part of this
Global Certificate have been made:

 

     A-10-14

    

    

 

 

EXHIBIT
B

 

MORTGAGE
LOAN SCHEDULE

 

     

     

    

 

	ID	Loan
    Name	Property
    Name	Address	City	State	Zip
    Code	Trust
    Loan 

    Original Balance	Trust
    Loan Cut-off Date 

    Principal Balance	Whole
    Loan Original 

    Balance	Whole
    Loan Cut-off 

    Date Principal 

    Balance	Trust
    Loan Coupon	Whole
    Loan 

    Coupon	First
    Monthly Payment 

    following Cut-off Date	Payment
Day	Maturity
Date	Primary
Servicing
Fee Rate	Master
Servicing
Fee Rate	Cert
    Admin /

    Trustee Fee 

    Rate	Operating
Advisor Fee	CREFC
    

    Fee	EU
    RR 

    Admin Fee	Admin
    Fee 

    Rate	Letter
    of 

    Credit (Y/N)
	1	Century
    Plaza Tower	Century
    Plaza Tow	2029
    & 2049 Century PLos AngeleCaliforni	90067	$825,000,000	$825,000,000	$1,200,000,000	$1,200,000,000	3.00450000%	3.00450000%	$2,134,447	9	11/9/2029	0.00125%	0.00125%	0.00470%	NAP	0.00050%	0.00000%	0.00770%	No

  

     

     

    

 

EXHIBIT
C-1

 

FORM
OF TRANSFEREE AFFIDAVIT

 

AFFIDAVIT
PURSUANT TO

SECTION 860E(e)(4) OF THE

INTERNAL REVENUE CODE OF

1986, AS AMENDED

 

	STATE OF	)
	 	)        ss.:
	COUNTY OF 	)

 

                                    ,
being first duly sworn, deposes and says:

 

1.     
That he/she is a                       of
                     
(the “Purchaser”), a                        
duly organized and existing under the laws of the State of_________  on behalf of which he/she makes this affidavit.

 

2.     
That the Purchaser’s Taxpayer Identification Number is                      .

 

3.     
That the Purchaser of the CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates, Class [R][LR] (the “Class
[R][LR] Certificate”) is a Permitted Transferee (as defined in Article I of the Trust and Servicing Agreement,
dated as of November 9, 2019 (the “Trust and Servicing Agreement”), entered into in connection with the CPTS
2019-CPT Mortgage Trust securitization transaction) or is acquiring the Class [R][LR] Certificate for the account of, or as agent
(including as a broker, nominee, or other middleman) for, a Permitted Transferee and has received from such person or entity an
affidavit substantially in the form of this affidavit.

 

4.     
That the Purchaser historically has paid its debts as they have come due and intends to pay its debts as they come due in the
future and the Purchaser intends to pay taxes associated with holding the Class [R][LR] Certificate as they become due.

 

5.     
That the Purchaser understands that it may incur tax liabilities with respect to the Class [R][LR] Certificate in excess of any
cash flow generated by the Class [R][LR] Certificate.

 

6.     
That the Purchaser will not transfer the Class [R][LR] Certificate to any person or entity from which the Purchaser has not received
an affidavit substantially in the form of this affidavit or as to which the Purchaser has actual knowledge that the requirements
set forth in paragraph 3, paragraph 4 or paragraph 7 hereof are not satisfied or that the Purchaser has reason to know does not
satisfy the requirements set forth in paragraph 4 hereof.

 

7.     
That the Purchaser is not a Disqualified Non-U.S. Person and is not purchasing the Class [R][LR] Certificate for the account of,
or as an agent (including as a broker, nominee or other middleman) for, a Disqualified Non-U.S. Person and is otherwise a Permitted
Transferee.

 

    C-1-1

     

    

 

8.     
That the Purchaser agrees to such amendments of the Trust and Servicing Agreement as may be required to further effectuate the
restrictions on transfer of the Class [R][LR] Certificate to a “disqualified organization,” an agent thereof, or a
person that does not satisfy the requirements of paragraph 4, paragraph 7 and paragraph 11 hereof.

 

9.     
The Purchaser agrees to the irrevocable designation of the Certificate Administrator as the “partnership representative”
within the meaning of Section 6223 of the Code of the [Upper-Tier REMIC][Lower-Tier REMIC] and to the Certificate Administrator
making any elections allowed under the Code to avoid (i) the application of Section 6221 of the Code (or successor provisions)
to the [Upper-Tier REMIC][Lower-Tier REMIC] and (ii) payment by the [Upper-Tier REMIC][Lower-Tier REMIC] under Section 6225 of
the Code (or successor provisions) of any tax, penalty, interest or other amount imposed under the Code that would otherwise be
imposed on any holder of a Class [R][LR] Certificate, past or present.

 

10. 
  The Purchaser agrees to be bound by and to abide by the provisions of Section 5.02 of the Trust and Servicing Agreement concerning
registration of the transfer and exchange of the Class [R][LR] Certificate.

 

11. 
  The Purchaser will not cause income from the Class [R][LR] Certificate to be attributable to a foreign permanent establishment
or fixed base, within the meaning of an applicable income tax treaty, of the Purchaser or any other U.S. Person.

 

12.    Check the applicable paragraph:

 

☐       The
present value of the anticipated tax liabilities associated with holding the Class [R][LR] Certificate, as applicable, does not
exceed the sum of:

 

		(i)	the
                                         present value of any consideration given to the Purchaser to acquire such Class [R][LR]
                                         Certificate;

 

		(ii)	the
                                         present value of the expected future distributions on such Certificate; and

 

		(iii)	the
                                         present value of the anticipated tax savings associated with holding such Class [R][LR]
                                         Certificate as the related REMIC generates losses.

 

For
purposes of this calculation, (i) the Purchaser is assumed to pay tax at the rate currently specified in Code Section 11(b)
(but the tax rate in Code Section 55(b)(1)(B) may be used in lieu of the highest rate specified in Code Section 11(b)
if the Purchaser has been subject to the alternative minimum tax under Code Section 55 in the preceding two years and will
compute its taxable income in the current taxable year using the alternative minimum tax rate) and (ii) present values are
computed using a discount rate equal to the short-term Federal rate prescribed by Code Section 1274(d) for the month of the
transfer and the compounding period used by the Purchaser.

 

☐       The
transfer of the Class [R][LR] Certificate complies with U.S. Treasury Regulations Section 1.860E-1(c)(5) and (6) and, accordingly,

 

    C-1-2

     

    

 

		(i)	the
                                         Purchaser is an “eligible corporation,” as defined in U.S. Treasury Regulations
                                         Section 1.860E-1(c)(6)(i), as to which income from the Class [R][LR] Certificate
                                         will only be taxed in the United States;

 

		(ii)	at
                                         the time of the transfer, and at the close of the Purchaser’s two fiscal years
                                         preceding the year of the transfer, the Purchaser had gross assets for financial reporting
                                         purposes (excluding any obligation of a person related to the Purchaser within the meaning
                                         of U.S. Treasury Regulations Section 1.860E-1(c)(6)(ii)) in excess of $100 million
                                         and net assets in excess of $10 million;

 

		(iii)	the
                                         Purchaser will transfer the Class [R][LR] Certificate only to another “eligible
                                         corporation,” as defined in U.S. Treasury Regulations Section 1.860E-1(c)(6)(i),
                                         in a transaction that satisfies the requirements of Section 1.860E-1(c)(4)(i), (ii)
                                         and (iii) and Section 1.860E-1(c)(5) of the U.S. Treasury Regulations; and

 

		(iv)	the
                                         Purchaser determined the consideration paid to it to acquire the Class [R][LR] Certificate
                                         based on reasonable market assumptions (including, but not limited to, borrowing and
                                         investment rates, prepayment and loss assumptions, expense and reinvestment assumptions,
                                         tax rates and other factors specific to the Purchaser) that it has determined in good
                                         faith.

 

☐       None
of the above.

 

Capitalized
terms used but not defined herein have the respective meanings ascribed to such terms in the Trust and Servicing Agreement.

 

IN
WITNESS WHEREOF, the Purchaser has caused this instrument to be executed on its behalf by its                             
this day of          ,               .

 

	 	[The
                                         Purchaser]

	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

  

    C-1-3

     

    

Personally
appeared before me the above named [_____], known or proved to me to be the same person who executed the foregoing instrument
and to be the of the Purchaser, and acknowledged to me that he/she executed the same as his/her free act and deed and the free
act and deed of the Purchaser.

 

Subscribed
and sworn before me this      day of               ,
20    .

 

	NOTARY
PUBLIC	 

	COUNTY OF	 	 

 

	STATE OF	 	 

 

My
commission expires the      day of               ,
20    .

 

    C-1-4

     

    

 

EXHIBIT
C-2

 

FORM
OF TRANSFEROR CERTIFICATE

 

[Date]

 

Wells
Fargo Bank, National Association

Certificate Registrar

600 South 4th Street, 7th Floor MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CTS - Certificate Transfer Services, CPTS 2019-CPT

 

Re:           CPTS
2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates, Class [R][LR]

 

Ladies
and Gentlemen:

 

[Transferor]
has reviewed the attached affidavit of [Transferee], and has no actual knowledge that such affidavit is not true or that [Transferee]
is not a Permitted Transferee (as defined in the Trust and Servicing Agreement defined in the attached affidavit) and has no actual
knowledge or reason to know that the information contained in the attached affidavit is not true. No purpose of [Transferor]’s
transfer of the Class [R][LR] Certificate[s] to [Transferee] is or will be to impede the assessment of any tax.

 

 

	 	Very
truly yours,
	 	 
	 	[Transferor]

	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

    C-2-1

     

    

 

EXHIBIT
C-3

 

FORM
OF TRANSFEREE Certificate for Transfer OF Class vrr certificates

 

[Date]

 

	Wells
                                         Fargo Bank, National Association

        

        9062
        Old Annapolis Road

        

        Columbia,
        Maryland 21045-1951

        

        Attention:
        Corporate Trust Services—

        CPTS
2019-CPT]

         

        German
        American Capital Corporation

        

        60
        Wall Street

        

        New
        York, New York 10005

        

        Attention:
Helaine M. Kaplan

         

        with
        a copy via e-mail to:

         

        

        

        E-mail:
        cmbs.request@db.com

        
	 	Deutsche
                                         Mortgage & Asset Receiving

                                                                     Corporation

        

        60
        Wall Street

        

        New
        York, New York 10005

        Attention: Helaine M. Kaplan

         

        

        with
        copies via email to:

         

        lainie.kaye@db.com,
        and

        cmbs.requests@db.com

         

 

 

		Re:	CPTS
                                         2019-CPT Mortgage Trust, Commercial Mortgage Pass-Through Certificates	 

 

Ladies
and Gentlemen:

 

[_____]
(the “Purchaser”) hereby agrees with, and certifies, represents and warrants to you, in your respective capacities
as Certificate Registrar, Retaining Sponsor and Depositor, that:

 

		1.	The
                                         Purchaser is acquiring from [__________] (the “Transferor”) $[_____]
                                         principal balance of the Class VRR Certificates (the “Transferred Interest”).
                                         

 

		2.	The
                                         Purchaser has attached hereto the following: 

 

		a)	a
request to release the Transferred Interest, which direction is signed by the   Retaining Sponsor, the Depositor and the
Transferor;

 

		b)	an
executed Internal Revenue Service (“IRS”) Form W-9 (or successor form); and

 

		c)	its
contact information in connection with the transfer of the Transferred Interest.

 

		3.	[The
                                         Purchaser acknowledges and agrees that the Class VRR Certificates it holds shall at all
                                         times represent, and may only transfer any Class VRR Certificates if the transferred 

 

    C-3-1

     

    

 

Certificates to any particular Person represent, the same Percentage Interest in each
                                         and every outstanding Class of Class VRR Certificates.]

 

		4.	The
                                         Purchaser is aware that, following its acquisition of the Transferred Interest, the Certificate
                                         Registrar will not register any transfer of the Transferred Interest by the Purchaser
                                         unless the transferee, or such transferee’s agent, delivers to the Certificate
                                         Registrar, among other things, a certificate in substantially the same form as this certificate.
                                         The Purchaser expressly agrees that it will not consummate any such transfer if it knows
                                         or believes that any representation contained in such certificate is false.

 

		5.	The
                                         Purchaser is not a Plan or a person acting on behalf of any such Plan or using the assets
                                         of any such Plan.

 

		6.	Check
                                         one of the following:

 

☐       The
Purchaser certifies, represents and warrants to you, in your respective capacities as Certificate Registrar, Retaining Sponsor
and Depositor, that the transfer will occur during the Transfer Restriction Period and that:

 

		A.	The
                                         Purchaser is a “majority-owned affiliate”, as such term is defined in Regulation
                                         RR, of the Transferor (a “Majority-Owned Affiliate”).

 

		B.	The
                                         Purchaser is not acquiring the Transferred Interest as a nominee, trustee or agent for
                                         any person that is not a Majority-Owned Affiliate, and that for so long as it retains
                                         its interest in the Transferred Interest (or until the end of the Transfer Restriction
                                         Period, if earlier), it will remain a Majority-Owned Affiliate.

 

		C.	The
                                         Purchaser has executed and delivered a joinder agreement substantially in the form attached
                                         as Exhibit C to the Credit Risk Retention Agreement, dated as of October 31, 2019 (the
                                         “Credit Risk Retention Agreement”), among German American Capital
                                         Corporation, a Maryland corporation, Deutsche Bank AG, New York Branch, a branch of Deutsche
                                         Bank AG, a German Bank, Wells Fargo Bank, National Association, a national banking association,
                                         Morgan Stanley Bank, National Association, a national banking association, and Morgan
                                         Stanley Mortgage Capital Holdings LLC, a New York limited liability company, pursuant
                                         to which the Purchaser has agreed to be bound by the terms of the Credit Risk Retention
                                         Agreement to the same extent as if the Purchaser was the Transferor.

 

		D.	The
                                         Purchaser hereby makes each representation set forth in Section 4(b) of the Credit Risk
                                         Retention Agreement, other than the representation in Section 4(b)(viii).

 

		E.	The
                                         Purchaser consents to any additional restrictions or arrangements that shall be deemed
                                         necessary upon advice of counsel to constitute a reasonable arrangement to ensure that
                                         its ownership of the Transferred Interest will 

 

    C-3-2

     

    

 

satisfy the risk retention requirements
                                         of the Transferor, in its capacity as [the retaining sponsor][an originator] under Regulation
                                         RR.

 

☐       The
Purchaser certifies, represents and warrants to you, in your respective capacities as Certificate Registrar, Retaining Sponsor
and Depositor, that the transfer will occur after the termination of the Transfer Restriction Period.

 

Capitalized
terms used but not defined herein have the meanings assigned thereto in the Trust and Servicing Agreement.

 

IN
WITNESS WHEREOF, the Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this ___day of _________, 20__.

 

	 	[PURCHASER]

	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

The
foregoing certificate is hereby confirmed, and the transfer is accepted, as of the date first above written:

 

	[APPLICABLE RETAINING PARTY]	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

[Medallion
Stamp Guarantee]

 

	GERMAN
AMERICAN CAPITAL CORPORATION	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

    C-3-3

     

    

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

[Medallion
Stamp Guarantee]

 

	DEUTSCHE MORTGAGE & ASSET RECEIVING CORPORATION
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

[Medallion
Stamp Guarantee]

 

    C-3-4

     

    

 

EXHIBIT
C-4

 

FORM
OF TRANSFEROR Certificate for Transfer of class VRR certificates

 

[Date]

 

	
        Wells Fargo Bank, National Association

        

        9062 Old Annapolis Road

        

        Columbia, Maryland 21045-1951

        

        Attention: Corporate Trust Services—

        CPTS
        2019-CPT

         

         

         

         

         

         

         

         

         

         

         
	 	
        Deutsche Mortgage
& Asset Receiving

        Corporation

        

        60 Wall Street

        

        New York, New York 10005

        Attention: Helaine M. Kaplan

         

        

        with copies via email to:

         

        

        lainie.kaye@db.com,

        and cmbs.requests@db.com

         

        

        German American Capital Corporation

        60 Wall Street

        New York, New York 10005

        Attention: Helaine M. Kaplan

        

        with a copy via e-mail to:

        E-mail: cmbs.request@db.com

        

        

        

  

		Re:	CPTS
                                         2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates	 

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the
“Transferee”) of $[____] principal balance of the Class VRR Certificates (the “Transferred Interest”).

 

The
Certificates were issued pursuant to the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust and
Servicing Agreement”), between Deutsche Mortgage & Asset Receiving Corporation, as Depositor, Wells Fargo Bank,
National Association, as Master Servicer, CWCapital Asset Management LLC, as Special Servicer, Wilmington Trust, National Association,
as trustee and Wells Fargo Bank, National Association, as Certificate Administrator. All capitalized terms used but not otherwise
defined herein shall have the respective meanings set forth in the Trust and Servicing Agreement. The Transferor hereby certifies,
represents and warrants to you, in your respective capacities as Certificate Registrar, Retaining Sponsor and Depositor, that:

 

    C-4-1

     

    

 

		1.	The
                                         transfer is in compliance with Section 5.02 of the Trust and Servicing Agreement.

 

		2.	Check
                                         one of the following:

 

		☐	The
                                         Transferor certifies, represents and warrants to you that the transfer will occur during
                                         the Transfer Restriction Period and that:

 

		A.	The
                                         transfer is in compliance with the Credit Risk Retention Agreement, dated as of October
                                         31, 2019 (the “Credit Risk Retention Agreement”), among German American
                                         Capital Corporation, Deutsche Bank AG, New York Branch, Wells Fargo Bank, National Association,
                                         Morgan Stanley Mortgage Capital Holdings LLC and Morgan Stanley Bank, National Association.

 

		B.	The
                                         Transferee is a “majority-owned affiliate”, as such term is defined in Regulation
                                         RR, of the Transferor.

 

		C.	The
                                         Transferor has complied in all material respects with all of the covenants in the Credit
                                         Risk Retention Agreement during the period from the date of the Credit Risk Retention
                                         Agreement through and including the date of this transfer.

 

		D.	All
                                         of the representations and warranties made by the Transferor in the Credit Risk Retention
                                         Agreement are true and correct as of the date of the transfer.

 

		E.	All
                                         of the requirements set forth in Section 3(c) of the Credit Risk Retention Agreement
                                         have been complied with through and including the date of the transfer.

 

		☐	The
                                         Transferor certifies, represents and warrants to you that the transfer will occur after
                                         the termination of the Transfer Restriction Period.

 

		3.	The
                                         Transferor understands that the Transferee has delivered to you a Transferee Certificate
                                         in the form attached to the Trust and Servicing Agreement as Exhibit C-3.
                                         The Transferor does not know or believe that any representation contained therein is
                                         false.

 

IN
WITNESS WHEREOF, the Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this ___day of _________, 20__.

 

	 	 
	[TRANSFEROR]

	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

		
	

 

    C-4-2

     

    

 

The
foregoing certificate is hereby confirmed, and the transfer is accepted, as of the date first above written:

 

	[APPLICABLE RETAINING PARTY]	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

[Medallion
Stamp Guarantee]

 

	GERMAN
AMERICAN CAPITAL CORPORATION	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

[Medallion
Stamp Guarantee]

 

	DEUTSCHE MORTGAGE & ASSET RECEIVING CORPORATION
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

    C-4-3

     

    

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

[Medallion
Stamp Guarantee]

 

    C-4-4

     

    

 

EXHIBIT
D-1

 

FORM
OF INVESTMENT REPRESENTATION LETTER

 

Wells
Fargo Bank, National Association

Certificate Registrar

600 South 4th Street, 7th Floor MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CTS - Certificate Transfer Services, CPTS 2019-CPT

 

Deutsche
Mortgage & Asset Receiving Corporation

60 Wall Street

New York, New York 10005

Attention: Helaine M. Kaplan

 

with
a copy via e-mail to cmbs.requests@db.com

 

		Re:	Transfer
                                         of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates: Class [__]

 

Ladies
and Gentlemen:

 

This
letter is delivered pursuant to Section 5.02 of the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust
and Servicing Agreement”), entered into in connection with the CPTS 2019-CPT securitization transaction and the issuance
of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates (the “Certificates”) in connection
with the transfer by [_______] (the “Seller”) to the undersigned (the “Purchaser”) of [$_____
aggregate [Certificate Balance][_____% Percentage Interest]] of Class [__] Certificates, in certificated fully registered
form (such registered interest, the “Certificate”). Capitalized terms used but not defined herein have the
respective meanings set forth in the Trust and Servicing Agreement.

 

In
connection with such transfer, the undersigned hereby represents and warrants to you as follows:

 

[For
Institutional Accredited Investors only]

 

		(i)	The
                                         Purchaser is an “institutional accredited investor” (i.e., an entity
                                         meeting the requirements of Rule 501(a)(1), (2), (3) or (7) of Regulation D promulgated
                                         under the Securities Act of 1933, as amended (the “Securities Act”),
                                         or an entity in which all of the equity owners meet the requirements of Rule 501(a)(1),
                                         (2), (3) or (7) of Regulation D promulgated under the Securities Act) and has such knowledge
                                         and experience in financial and business matters as to be capable of evaluating the merits
                                         and risks of the investment in the Certificate, and the Purchaser and any accounts for
                                         which the Purchaser is acting are each able to bear the economic risk of our or its investment.
                                         The Purchaser is acquiring the Certificate for its own account or for one or more accounts
                                         (each of which is an “institutional accredited investor”) as to each of which
                                         the Purchaser exercises sole investment discretion. The Purchaser hereby 

 

    D-1-1

     

    

 

undertakes to
                                         reimburse the Trust for any costs incurred by it in connection with this transfer.

 

[For
Qualified Institutional Buyers only]

 

		(i)	The
                                         Purchaser is a “qualified institutional buyer” within the meaning of Rule 144A
                                         (“Rule 144A”) promulgated under the Securities Act of 1933, as
                                         amended (the “Securities Act”). The Purchaser is aware that the transfer
                                         is being made in reliance on Rule 144A, and the Purchaser has had the opportunity
                                         to obtain the information required to be provided pursuant to paragraph (d)(4)(i)
                                         of Rule 144A.

 

		(ii)	The
                                         Purchaser’s intention is to acquire the certificate (A) for investment for
                                         the Purchaser’s own account or (B) for resale to (1) “qualified
                                         institutional buyers” in transactions under Rule 144A, (2) “institutional
                                         accredited investors” meeting the requirements of Rule 501(a)(1), (2), (3)
                                         or (7) of Regulation D under the Securities Act of 1933, as amended (the “Securities
                                         Act”), or an entity in which all of the equity owners meet the requirements
                                         of Rule 501(a)(1), (2), (3) or (7) of Regulation D promulgated under the Securities Act,
                                         or (3) pursuant to any other exemption from the registration requirements of the Securities
                                         Act, subject in the case of this clause (ii) to (a) the receipt by the Certificate
                                         Registrar of a letter substantially in the form hereof, (b) in the case of a transfer
                                         to an Affiliated Person, the receipt by the Certificate Registrar of an opinion of counsel
                                         acceptable to the Certificate Registrar that such reoffer, resale, pledge or other transfer
                                         is in compliance with the Securities Act, (c) the receipt by the Certificate Registrar
                                         of such other evidence acceptable to the Certificate Registrar that such reoffer, resale,
                                         pledge or other transfer is in compliance with the Securities Act and other applicable
                                         laws (including applicable state and foreign securities laws), and (d) a written
                                         undertaking to reimburse the Trust for any costs incurred by it in connection with the
                                         proposed transfer. It understands that the Certificate (and any subsequent Individual
                                         Certificate) has not been registered under the Securities Act, by reason of a specified
                                         exemption from the registration provisions of the Securities Act which depends upon,
                                         among other things, the bona fide nature of the Purchaser’s investment intent (or
                                         intent to resell to only certain investors in certain exempted transactions) as expressed
                                         herein.

 

		(iii)	The
                                         Purchaser acknowledges that the Certificate (and any Certificate issued on transfer or
                                         exchange thereof) has not been registered or qualified under the Securities Act or the
                                         securities laws of any State or any other jurisdiction, and that the Certificate cannot
                                         be reoffered, resold, pledged or otherwise transferred unless it is registered or qualified
                                         thereunder or unless an exemption from such registration or qualification is available.

 

		(iv)	The
                                         Purchaser has reviewed the applicable Offering Circular dated November 1, 2019, relating
                                         to the Certificates (the “Offering Circular”) and the agreements and
                                         other materials referred to therein and has had the opportunity to ask questions and
                                         receive answers concerning the terms and conditions of the transactions contemplated
                                         by the Offering Circular.

 

    D-1-2

     

    

 

		(v)	The
                                         Purchaser hereby undertakes to be bound by the terms and conditions of the Trust and
                                         Servicing Agreement in its capacity as an owner of an Individual Certificate or Certificates,
                                         as the case may be (each, a “Certificateholder”), in all respects
                                         as if it were a signatory thereto. This undertaking is made for the benefit of the Trust,
                                         the Trustee, the Certificate Administrator, the Certificate Registrar and all Certificateholders
                                         present and future.

 

		(vi)	The
                                         Purchaser will not sell or otherwise transfer any portion of the Certificate, except
                                         in compliance with Section 5.02 of the Trust and Servicing Agreement.

 

		(vii)	Check
                                         one of the following:

 

☐       The
Purchaser is a “U.S. Person” and it has attached hereto an Internal Revenue Service (“IRS”) Form
W-9 (or successor form).

 

☐       The
Purchaser is not a “U.S. Person” and under applicable law in effect on the date hereof, no taxes will be required
to be withheld by the Certificate Registrar (or its agent) with respect to Distributions to be made on the Certificate(s). The
Purchaser has attached hereto [(i) a duly executed IRS Form W-8BEN or W-8BEN-E, as applicable, (or successor form),
which identifies such Purchaser as the beneficial owner of the Certificate(s) and states that such Purchaser is not a U.S. Person,
(ii) two duly executed copies of IRS Form W-8IMY (and all appropriate attachments) or (iii)]* two duly executed copies
of IRS Form W-8ECI (or successor form), which identify such Purchaser as the beneficial owner of the Certificate(s) and state
that interest and original issue discount on the U.S. Securities is, or is expected to be, effectively connected with a U.S. trade
or business. The Purchaser agrees to provide to the Certificate Registrar updated [IRS Forms W-8BEN or W-8BEN-E, as applicable,
IRS Forms W-8IMY or]* IRS Forms W-8ECI[, as the case may be]*, any applicable successor IRS forms, or such other certifications
as the Certificate Registrar may reasonably request, on or before the date that any such IRS form or certification expires or
becomes obsolete, or promptly after the occurrence of any event requiring a change in the most recent IRS form of certification
furnished by it to the Certificate Registrar.

 

For
purposes of this paragraph (vii), “U.S. Person” means a citizen or resident of the United States, a corporation, partnership
(except to the extent provided in applicable Treasury Regulations), or other entity created or organized in or under the laws
of the United States, any state thereof or the District of Columbia, including any entity treated as a corporation or partnership
for federal income tax purposes, an estate whose income is subject to United States federal income tax regardless of its source,
or a trust if a court within the United States is able to exercise primary supervision over the administration of such trust,
and one or more such U.S. Persons have the authority to control all substantial decisions of such trust (or, to the extent provided
in applicable Treasury Regulations, certain trusts in existence on August 20, 1996 that have elected to be treated as U.S. Persons).

 

Please
make all payments due on the Certificates:**

 

(a)
  by wire transfer to the following account at a bank or entity in New York, New York, having appropriate facilities therefor:

 

    D-1-3

     

    

 

 

	 	Account
    number:	 	 

 

	 	Institution:	 	 

 

(b)
  by mailing a check or draft to the following address:

	 	 	 
	 	 	 
	 	 	 

  

	 	Very
truly yours,

	 	 
	 	[The Purchaser]
	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

Dated:
 ________________, 20___

 

 

 

		*	Delete
                                         for Class R and Class LR.

 

		**	Only
                                         to be filled out by Purchasers of Individual Certificates. Please select (a) or (b).

 

    D-1-4

     

    

 

EXHIBIT
D-2

 

FORM
OF ERISA REPRESENTATION LETTER

 

[Date]

 

 

Wells
Fargo Bank, National Association

Certificate Registrar

600 South 4th Street, 7th Floor MAC N9300-070

Minneapolis, Minnesota 55479

Attention:   CTS - Certificate Transfer Services, CPTS 2019-CPT

 

Deutsche
Mortgage & Asset Receiving Corporation

60 Wall Street

New York, New York 10005

Attention:   Helaine M. Kaplan

 

with
a copy via e-mail to cmbs.requests@db.com

 

		Re:	CPTS
                                         2019-CPT Mortgage Trust Commercial Mortgage Pass-Through 

                                         Certificates,
                                         Class [    ]	

 

Ladies
and Gentlemen:

 

[_____]
(the “Purchaser”) intends to purchase from [______] (the “Seller”) [$[_] initial Certificate
Balance][$[_] Balance][[    ]% Percentage Interest] of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through
Certificates, Class [    ], CUSIP No. [_____] (the “Certificates”), issued pursuant to the Trust and
Servicing Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”), entered into in connection
with the CPTS 2019-CPT securitization transaction. Capitalized terms used but not defined herein have the respective meanings
set forth in the Trust and Servicing Agreement. The Purchaser hereby certifies, represents and warrants to, and covenants with,
the Depositor, the Certificate Administrator, the Certificate Registrar and the Trustee that:

 

The
Purchaser is not and will not become (a) an employee benefit plan or other retirement arrangement, including an individual
retirement account or a Keogh plan, which is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)
or to Section 4975 of the Code, or a governmental plan, as defined in Section 3(32) of ERISA, or other plan subject
to any federal, state or local law (“Similar Law”) which is to a material extent similar to the fiduciary responsibility
provisions of ERISA or to Section 4975 of the Code (each, a “Plan”), or (b) a person acting on behalf
of any such Plan or using the assets of any such Plan, other than, in the case of the Class F Certificates, an insurance company
general account acquiring its interest in the Certificates under circumstances where all requirements of Sections I and III of
Department of Labor Prohibited Transaction Exemption 95-60 will be met with respect to its acquisition, holding and disposition
of the Certificates (or in the case of a Plan subject to Similar Law, where its acquisition, holding and disposition of the Certificates
will not result in a non-exempt violation of Similar Law).

 

    D-2-1

     

    

 

IN
WITNESS WHEREOF, the Purchaser hereby executes this ERISA Representation Letter on this ___ day of __________, 20__.

 

	 	Very
truly yours,

	 	 
	 	[Purchaser]
	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

    D-2-2

     

    

 

EXHIBIT
E

 

FORM
OF REQUEST FOR RELEASE

 

	Loan
    Information	 	 
	 	 	 
	Name
    of Borrower:	One
Hundred Towers L.L.C.	 
	 	 	 
	[Master
    Servicer][Special 		 
	Servicer] Loan No.:	 	 
	 	 	 
	Custodian	 	 
	 	 	 
	Name:
	Wells
    Fargo Bank, National Association	 
	 	 	 
	Address:
    	Wells
Fargo Bank, N.A.

1055 10th Avenue SE

Minneapolis, Minnesota 55414

Attention: Document Custody Group CPTS 2019-CPT

E-mail: cmbscustody@wellsfargo.com
	 

 

	Custodian
    Mortgage File 		 
	No.:	 	 
	Depositor	 	 
	 	 	 
	Name:
    	Deutsche
    Mortgage & Asset Receiving Corporation	 
	 	 	 
	Address:
    	Deutsche
    Mortgage & Asset Receiving Corporation

    60 Wall Street

    New York, New York 10005	 
	 	 	 
	Certificates:	CPTS
    2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates	 

 

The
undersigned [Master Servicer][Special Servicer] hereby requests delivery from Wells Fargo Bank, National Association, as Custodian
for the Holders of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates, the documents (the “Documents”)
specified below. All capitalized terms not otherwise defined in this Request for Release shall have the meanings given them in
the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”) and executed
in connection with the CPTS 2019-CPT securitization transaction.

 

	 	(
 )	 
	 	(
 )	 
	 	(
 )	 
	 	(
 )	 

 

    E-1

     

    

 

The
undersigned [Master Servicer][Special Servicer] hereby acknowledges and agrees as follows:

 

(i)          The [Master Servicer][Special Servicer] shall hold and retain possession of the Documents in trust for the benefit of the Trustee,
solely for the purposes provided in the Trust and Servicing Agreement.

 

(ii)         The [Master Servicer][Special Servicer] shall not cause or permit the Documents to become subject to, or encumbered by, any claim,
liens, security interest, charges, writs of attachment or other impositions nor shall the [Master Servicer][Special Servicer]
assert or seek to assert any claims or rights of set-off to or against the Documents or any proceeds thereof except as otherwise
provided in the Trust and Servicing Agreement.

 

(iii)        The [Master Servicer][Special Servicer] shall return the Documents to the Custodian when the need therefor no longer exists, unless
the Whole Loan has been liquidated or the Whole Loan has been paid in full and the proceeds thereof have been remitted to the
Collection Account, except as expressly provided in the Trust and Servicing Agreement.

 

(iv)        The Documents coming into the possession or control of the [Master Servicer][Special Servicer] shall at all times be held for
the account of the Trustee, and the [Master Servicer][Special Servicer] shall keep the Documents and any proceeds separate and
distinct from all other property in the [Master Servicer][Special Servicer]’s possession, custody or control.

 

	 	[MASTER
SERVICER/SPECIAL SERVICER]
	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

		Dated:	______________

 

    E-2

     

    

 

EXHIBIT
F

 

SECURITIES
LEGEND

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS,
AND ONLY (A)(1) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (2) FOR SO LONG
AS THIS CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO AN INSTITUTIONAL
INVESTOR THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A
(“QUALIFIED INSTITUTIONAL BUYER”) PURCHASING FOR ITS OWN ACCOUNT, OR A PERSON PURCHASING FOR THE ACCOUNT OF ANOTHER
QUALIFIED INSTITUTIONAL BUYER, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER
IS BEING MADE IN RELIANCE ON RULE 144A, (3) IN THE CASE OF THE REGULAR CERTIFICATES, TO AN INSTITUTIONAL INVESTOR THAT IS AN “ACCREDITED
INVESTOR” AS SUCH TERM IS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY
IN WHICH ALL OF THE EQUITY OWNERS ARE INSTITUTIONAL INVESTORS THAT ARE “ACCREDITED INVESTORS” AS SUCH TERM IS DEFINED
IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT, OR (4) IN THE CASE OF THE REGULAR CERTIFICATES, TO
AN INSTITUTION THAT IS A NON “U.S. PERSON” IN AN “OFFSHORE TRANSACTION,” AS SUCH TERMS ARE DEFINED IN,
AND IN ACCORDANCE WITH, RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, AND (B) IN ACCORDANCE WITH ANY OTHER APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THE
INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN
INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE TRUST AND SERVICING AGREEMENT.
A TRANSFEREE IS ALSO REQUIRED TO DELIVER AN INVESTMENT REPRESENTATION LETTER SUBSTANTIALLY IN THE FORM OF EXHIBIT D-1 TO THE TRUST
AND SERVICING AGREEMENT IF SUCH TRANSFEREE IS A QUALIFIED INSTITUTIONAL BUYER OR (OTHER THAN WITH RESPECT TO A RESIDUAL CERTIFICATE)
AN INSTITUTIONAL ACCREDITED INVESTOR, AND MAY ALSO BE REQUIRED TO DELIVER AN OPINION OF COUNSEL IF SUCH TRANSFEREE IS NOT A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A.

 

    F-1

     

    

 

EXHIBIT
G

 

FORM
OF REGULATION S TRANSFER CERTIFICATE

 

Wells
Fargo Bank, National Association

Certificate Registrar

600 South 4th Street, 7th Floor MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CTS - Certificate Transfer Services, CPTS 2019-CPT

 

		Re:	Transfer
                                         of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates, Class
                                         [    ]	 

 

Ladies
and Gentlemen:

 

This
certificate is delivered pursuant to Section 5.02 of the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust
and Servicing Agreement”) and executed in connection with the CPTS 2019-CPT securitization transaction, on behalf of
the holders of the CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates, Class [    ]
(the “Certificates”) in connection with the transfer by the undersigned (the “Transferor”)
to [_____] (the “Transferee”) of $[_____] Certificate Balance of Certificates, in fully registered form (each,
an “Individual Certificate”), or a beneficial interest of such aggregate Certificate Balance in the Regulation
S Global Certificate (the “Global Certificate”) maintained by The Depository Trust Company or its successor
as Depositary under the Trust and Servicing Agreement (such transferred interest, in either form, being the “Transferred
Interest”).

 

In
connection with such transfer, the Transferor does hereby certify that such transfer has been effected in accordance with the
transfer restrictions set forth in the Trust and Servicing Agreement and the Certificates and (i) with respect to transfers made
in accordance with Regulation S (“Regulation S”) promulgated under the Securities Act of 1933, as amended (the
“Securities Act”), the Transferor does hereby certify that:

 

(1)       
 the offer of the Transferred Interest was not made to a person in the United States;

 

[(2)        at
the time the buy order was originated, the Transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed that the Transferee was outside the United States;]*

 

[(2)       
the
transaction was executed in, on or through the facilities of a designated offshore securities market and neither the undersigned
nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States;]*

 

(3)       
 no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation
S, as applicable; and

 

 

 

*
Insert one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

  

    G-1

     

    

 

(4)         the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

or
(ii) with respect to transfers made in reliance on Rule 144 under the Securities Act, the Transferor does hereby certify that
the Certificates that are being transferred are not “restricted securities” as defined in Rule 144 under the Securities
Act.

 

This
certificate and the statements contained herein are made for your benefit and the benefit of the Depositor, the Certificate Administrator,
the Trustee, the Master Servicer and the Special Servicer.

 

	 	[Insert
Name of Transferor]
	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

Dated:
________________, 20__

 

    G-2

     

    

 

EXHIBIT
H

 

FORM
OF TRANSFER CERTIFICATE

FOR EXCHANGE OR TRANSFER FROM RULE 144A

GLOBAL CERTIFICATE TO REGULATION S GLOBAL

CERTIFICATE DURING THE RESTRICTED PERIOD

 

(Exchanges
or transfers pursuant to Section 5.02(c)(ii)(A) of 

the Trust and Servicing Agreement)

 

 

Wells
Fargo Bank, National Association

Certificate Registrar

600 South 4th Street, 7th Floor MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CTS - Certificate Transfer Services, CPTS 2019-CPT

 

		Re:	Transfer
                                         of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates, Class
                                         [    ]	 

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”)
and executed in connection with the CPTS 2019-CPT securitization transaction. Capitalized terms used but not defined herein shall
have the meanings given to them in the Trust and Servicing Agreement.

 

This
letter relates to US $[_____] aggregate Certificate Balance of Certificates (the “Certificates”) which are
held in the form of a Rule 144A Global Certificate (CUSIP No. [_____]) with the Depository in the name of [insert name of transferor]
(the “Transferor”). The Transferor has requested a transfer of such beneficial interest for an interest in
the Regulation S Global Certificate (CUSIP No. [_____]) to be held with [Euroclear] [Clearstream]* (Common Code)
through the Depositary.

 

In
connection with such request and in respect of such Certificates, the Transferor does hereby certify that such transfer has been
effected in accordance with the Transfer restrictions set forth in the Trust and Servicing Agreement and pursuant to and in accordance
with Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), and accordingly the
Transferor does hereby certify that:

 

(1)         the
offer of the Certificates was not made to a person in the United States,

 

[(2)       at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any persons acting on
its behalf reasonably believed that the Transferee was outside the United States,]**

 

 

 

* Select appropriate depository.

 

**
Insert one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

    H-1

     

    

 

[(2)        the
transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor
nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States,]*

 

(3)         no
directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S, as applicable,
and

 

(4)         the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

This
certificate and the statements contained herein are made for your benefit and the benefit of the Depositor, the Certificate Administrator,
the Trustee, the Master Servicer and the Special Servicer.

 

	 	[Insert
Name of Transferor]
	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

Dated:
________________, 20__

 

    H-2

     

    

 

EXHIBIT
I

 

FORM
OF TRANSFER CERTIFICATE

FOR EXCHANGE OR TRANSFER FROM RULE 144A

GLOBAL CERTIFICATE TO REGULATION S GLOBAL

CERTIFICATE AFTER THE RESTRICTED PERIOD

 

(Exchange
or transfers pursuant to

Section 5.02(c)(ii)(B) of the Trust and Servicing Agreement)

 

Wells
Fargo Bank, National Association

Certificate Registrar

600 South 4th Street, 7th Floor MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CTS - Certificate Transfer Services, CPTS 2019-CPT

 

		Re:	Transfer
                                         of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates Class [    ]	 

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”)
and executed in connection with the CPTS 2019-CPT securitization transaction. Capitalized terms used but not defined herein shall
have the meanings given to them in the Trust and Servicing Agreement.

 

The
letter relates to U.S. $[_____] aggregate Certificate Balance of Certificates (the “Certificates”) which are
held in the form of the Rule 144A Global Certificate (CUSIP No. [_____]) with the Depository in the name of [insert name
of transferor] (the “Transferor”). The Transferor has requested a transfer of such beneficial interest in the Certificates
for an interest in the Regulation S Global Certificate (Common Code No. [_____]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such transfer has been
effected in accordance with the transfer restrictions set forth in the Trust and Servicing Agreement and, (i) with respect to
transfers made in reliance on Regulation S under the Securities Act of 1933, as amended (the “Securities Act”),
the Transferor does hereby certify that:

 

(1)         the
offer of the Certificates was not made to a person in the United States,

 

[(2)        at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed that the transferee was outside the United States,]*

 

[(2)        the
transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor
nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States,]*

 

 

 

*
Insert one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

 

    I-1

     

    

 

(3)       no
directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S, as applicable,
and

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act;

 

or
(ii) with respect to transfers made in reliance on Rule 144 under the Securities Act, the Transferor does hereby certify that
the Certificates that are being transferred are not “restricted securities” as defined in Rule 144 under the Securities
Act.

 

This
certificate and the statements contained herein are made for your benefit and the benefit of the Depositor, the Certificate Administrator,
the Trustee, the Master Servicer and the Special Servicer.

 

	 	[Insert
Name of Transferor]
	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

Dated:
_______________, 20___

 

    I-2

     

    

 

EXHIBIT
J

 

FORM
OF TRANSFER CERTIFICATE

FOR EXCHANGE OR TRANSFER FROM REGULATION S GLOBAL

CERTIFICATE TO RULE 144A GLOBAL CERTIFICATE

 

(Exchange
or transfers pursuant to Section 5.02(c)(ii)(C)

of the Trust and Servicing Agreement)

 

Wells
Fargo Bank, National Association

Certificate Registrar

600 South 4th Street, 7th Floor MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CTS - Certificate Transfer Services, CPTS 2019-CPT

 

		Re:	Transfer
                                         of CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates, Class
                                         [    ]	 

 

Reference
is hereby made to the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”)
and executed in connection with the CPTS 2019-CPT securitization transaction. Capitalized terms used but not defined herein shall
have the meanings given to them in the Trust and Servicing Agreement.

 

This
letter relates to U.S. $[_____] aggregate Certificate Balance of Certificates (the “Certificates”) which are
held in the form of the Regulation S Global Certificate (CUSIP No. [_____]) with [Euroclear] [Clearstream]* (Common
Code [_____]) through the Depository in the name of [insert name of transferor] (the “Transferor”). The Transferor
has requested a transfer of such beneficial interest in the Certificates for an interest in the Regulation 144A Global Certificate
(CUSIP No. [_____]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such Certificates are
being transferred in accordance with (i) the transfer restrictions set forth in the Trust and Servicing Agreement and (ii) Rule
144A under the Securities Act to a transferee that the Transferor reasonably believes is purchasing the Certificates for its own
account with respect to which the transferee exercises sole investment discretion and the transferee and any such account is “qualified
institutional buyer” within the meaning of Rule 144A, in each case in a transaction meeting the requirements of Rule 144A
and in accordance with any applicable securities laws of any state of the United States or an jurisdiction.

 

 

 

*
Select appropriate depositary.

 

    J-1

     

    

 

This
certificate and the statements contained herein are made for your benefit and the benefit of the Depositor, the Certificate Administrator,
the Trustee, the Master Servicer and the Special Servicer.

 

	 	[Insert
Name of Transferor]
	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

Dated:
______________, 20__

 

    J-2

     

    

 

EXHIBIT
K

 

FORM
OF DISTRIBUTION DATE STATEMENT

 

    K-1

     

    

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 
	 	 	 	 	DISTRIBUTION
    DATE STATEMENT	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	Table
    of Contents	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	STATEMENT
    SECTIONS	PAGE(s)	 	 	 
	 	 	 	 	Certificate Distribution Detail	2	 	 	 
	 	 	 	 	Certificate Factor Detail	3	 	 	 
	 	 	 	 	Reconciliation Detail	4	 	 	 
	 	 	 	 	Other Required Information	5	 	 	 
	 	 	 	 	Cash Reconciliation Detail	6	 	 	 
	 	 	 	 	Ratings Detail	7	 	 	 
	 	 	 	 	Mortgage Loan Detail	8	 	 	 
	 	 	 	 	NOI Detail	9	 	 	 
	 	 	 	 	Principal Prepayment Detail	10	 	 	 
	 	 	 	 	Historical Detail	11	 	 	 
	 	 	 	 	Delinquency Loan Detail	12	 	 	 
	 	 	 	 	Specially Serviced Loan Detail	13-14	 	 	 
	 	 	 	 	Advance Summary	15	 	 	 
	 	 	 	 	Modified Loan Detail	16	 	 	 
	 	 	 	 	Historical Liquidated Loan Detail	17	 	 	 
	 	 	 	 	Historical Bond / Collateral Loss Reconciliation	18	 	 	 
	 	 	 	 	Interest Shortfall Reconciliation Detail	19-20	 	 	 
	 	 	 	 	Defeased Loan Detail	21	 	 	 
	 	 	 	 	Supplemental Reporting	22	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Depositor	 	 	 	Master
    Servicer	 	 	 	Special
    Servicer	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Deutsche
    Mortgage & Asset Receiving	 	 	 	Wells
    Fargo Bank, National Association	 	 	 	Situs
    Holdings, LLC	 	 
	 	 	Corporation	 	 	 	Three Wells Fargo, MAC D1050-084	 	 	 	101 Montgomery Street	 	 
	 	 	60 Wall Street	 	 	 	401 S. Tryon Street, 8th Floor	 	 	 	Suite 2250	 	 
	 	 	cmbs.requests@db.com	 	 	 	Charlotte, NC 28202	 	 	 	San Francisco, CA 94104	 	 
	 	 	New York, NY 10005	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Contact: Helaine M. Kaplan	 	 	 	Contact:	 	 	 	Contact:	 	 
	 	 	Phone
    Number: (212) 250-5270	 	 	 	REAM_InvestorRelations@wellsfargo.com	 	 	 	Stacey.Ciarlanti@situs.com	 	 
	 	 	This report
    is compiled by Wells Fargo Bank, N.A. from information provided by third parties. Wells Fargo Bank, N.A. has not independently
    confirmed the accuracy of the information.	 
	 	 	 	 
	 	 	Please visit
    www.ctslink.com for additional information and if applicable, any special notices and any credit risk retention notices.
    In addition, certificateholders may register online for email notification when special notices are posted. For information
    or assistance please call 866-846-4526.	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    Page 1 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Certificate
    Distribution Detail	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Class	 	 CUSIP	 	Pass-Through

    Rate	 	Original

    Balance	 	Beginning

    Balance	 	Principal

    Distribution	 	Interest

    Distribution	 	Prepayment

    Premium	 	Realized
    Loss/
 Additional Trust

    Fund Expenses	Total

    Distribution	Ending

    Balance	Current

     Subordination

    Level (1)	 	 
	 	 	A	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	B	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	C	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	D	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	E	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	F	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	R	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	LR	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	VRR Interest	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	Totals	 	 	 	 	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	 	 	 
	 	 	(1) Calculated by taking (A) the sum of the ending certificate balance of all classes less (B) the sum of (i) the ending balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate to the designated class and dividing the result by (A).

	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Class	 	 CUSIP	 	Pass-Through

    Rate	Original

    Notional
 Amount	Beginning

    Notional

    Amount	 	Interest

    Distribution	 	Prepayment

    Premium	 	Total

    Distribution	Ending

    Notional

    Amount	 	 	 	 	 	 	 	 
	 	 	X	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 	 	 	 	 	 	 
	 	 	(1) Calculated by taking (A) the sum of the ending certificate balance of all classes less (B) the sum of (i) the ending balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate to the designated class and dividing the result by (A).

 

 

 

	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    Page 2 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Certificate
    Factor Detail
	 	 	 	 	 	 	 	 	 	 
	 	Class	CUSIP	Beginning

                                         Balance
	Principal

                                         Distribution
	Interest

                                         Distribution
	Prepayment

                                         Premium
	Realized
                                         Loss/

                                         Additional Trust

                                         Fund Expenses
	Ending

                                         Balance
	 
	 	 
	 	 
	 	A	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	B	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	C	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	D	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	E	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	F	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
		R	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	LR	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	VRR Interest	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	 	 	 	 	 	 	 	 	 
	 	Class	CUSIP	Beginning

        Notional

        Amount
	Interest

        Distribution
	Prepayment

        Premium
	Ending

        Notional

        Amount
	 	 	 
	 	 	 	 
	 	 	 	 
	 	X	 	0.00000000	0.00000000	0.00000000	0.00000000	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	

                    
	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 

 

    Page 3 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Reconciliation
    Detail	 	 
	 	 	Principal
    Reconciliation	 	 
	 	 	 	 	Stated
    Beginning 

    Principal Balance	 	Unpaid
    Beginning

    Principal Balance	 	Scheduled
    

    Principal	 	Unscheduled
    Principal	 	Principal
    Adjustments	 	Realized
    Loss	 	Stated
    Ending

    Principal Balance	 	Unpaid
    Ending

    Principal Balance	 	Current
    Principal

    Distribution Amount	 	 
	 	 	Total	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Certificate
    Interest Reconciliation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Class	 	Accrual

    Dates	 	Accrual

    Days	 	Accrued

    Certificate

    Interest	 	Net
    Aggregate

    Prepayment

    Interest Shortfall	 	Distributable

    Certificate

    Interest	 	Distributable

    Certificate Interest

    Adjustment	 	WAC
    CAP

    Shortfall	 	Interest
    

    Shortfall/(Excess)	 	Interest

    Distribution	 	Remaining
    Unpaid

    Distributable

    Certificate Interest	 	 
	 	 	A	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	X	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	B	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	C	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	D	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	E	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	F	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	VRR Interest	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00  	 	 
	 	 	Totals	 	 	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00  
    	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    Page 4 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Other
    Required Information	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Available Distribution Amount  (1)	 	    0.00	 		 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	    	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 		 	 	 	 	Appraisal Reduction Amount	 	 	 	 
	 	 	

	 	 	 	 	Loan

    Number	 	 	Appraisal	 	 	Cumulative	 	 	Most
    Recent	 	 	 
	 	 	

	 	 	 	 	 	 	Reduction	 	 	ASER	 	 	App.
                                         Reduction

	 	 	 
	 	 	 	 	 	 	 	 	 	Effected	 	 	Amount	 	 	Date	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Controlling
    Class Information	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Controlling
    Class:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Effective as of:
    mm/dd/yyyy	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Directing Holder:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Effective as of:
    mm/dd/yyyy	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	Total	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	(1) The Available Distribution Amount includes any Spread Maintenance Fees.
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    Page 5 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	Cash
    Reconciliation Detail	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	Total Funds Collected	 	 	 	Total Funds Distributed	 	 	 
	 	 	 	 	 	 	 	 	 
	 	Interest:	 	 	 	Fees:	 	 	 
	 	Scheduled Interest	0.00	 	 	Master Servicing
    Fee - Wells Fargo Bank, N.A.	0.00	 	 
	 	Interest reductions
    due to Nonrecoverability Determinations	0.00	 	 	Trustee Fee - Wilmington
    Trust, N.A.	0.00	 	 
	 	Interest Adjustments	0.00	 	 	Certificate Administrator
    Fee - Wells Fargo Bank, N.A.	0.00	 	 
	 	Deferred Interest	0.00	 	 	CREFC® Intellectual
    Property Royalty License Fee	0.00	 	 
	 	ARD Interest	0.00	 	 			 	 
	 	Default Interest
    and Late Payment Charges	0.00	 	 	Total Fees		 	 
	 	Net Prepayment Interest
    Shortfall
	0.00
	 	 		 	0.00	 
	 	Net Prepayment Interest
    Excess	0.00	 	 		 		 
	 	Extension Interest	0.00	 	 	Additional
    Trust Fund Expenses:	 	 	 
	 	Interest Reserve
    Withdrawal	0.00	 	 	Reimbursement for
    Interest on Advances	0.00		 
	 	Total Interest
    Collected	 	0.00	 	ASER Amount	0.00	 	 
	 	 	 	 	 	Special Servicing
    Fee	0.00	 	 
	 	Principal:	 	 	 	Attorney Fees &
    Expenses	0.00	 	 
	 	Scheduled Principal	0.00	 	 	Rating Agency Expenses	0.00	 	 
	 	Unscheduled Principal	0.00	 	 	Bankruptcy Expense	0.00	 	 
	 	Principal Prepayments	0.00	 	 	Taxes Imposed on
    Trust Fund	0.00	 	 
	 	Collection of Principal
    after Maturity Date	0.00	 	 	Non-Recoverable Advances	0.00	 	 
	 	Recoveries from
    Liquidation and Insurance Proceeds	0.00	 	 	Workout-Delayed Reimbursement
    Amounts	0.00	 	 
	 	Excess of Prior
    Principal Amounts paid	0.00	 	 	Other Expenses	0.00	 	 
	 	Curtailments	0.00	 	 	Total Additional
    Trust Fund Expenses		0.00	 
	 	Negative Amortization	0.00	 	 				 
	 	Principal Adjustments	0.00	 	 	Interest Reserve
    Deposit	 	0.00	 
	 	Total Principal
    Collected		0.00 	 		 		 
	 	 	 	 	 	 	 	 	 
	 	Other:	 	 	 	Payments to Certificateholders
    & Others:	 	 	 
	 	Prepayment Penalties/Yield
    Maintenance Charges	0.00	 	 	Interest Distribution	0.00	 	 
	 	Repayment Fees	0.00	 	 	Principal Distribution	0.00	 	 
	 	Borrower Option Extension
    Fees	0.00	 	 	Prepayment Penalties/Yield
    Maintenance Charges 	0.00	 	 
	 	Excess Liquidation
    Proceeds	0.00	 	 	Borrower Option Extension
    Fees	0.00	 	 
	 	Net Swap Counterparty
    Payments Received	0.00	 	 	Net Swap Counterparty
    Payments Received	0.00	 	 
	 	Total Other Collected		0.00	 	Total Payments
    to Certificateholders & Others		0.00	 
	 	Total Funds Collected	 	0.00	 	Total Funds
    Distributed	 	0.00	 
	 	 	 	 	 	 	 	 	 

 

    Page 6 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 
	 
	 
	 
	Ratings
    Detail
	 
	 	 	Original
    Ratings	Current
    Ratings (1)
	Class	CUSIP	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	A	 	 	 	 	 	 	 
	X	 	 	 	 	 	 	 
	B	 	 	 	 	 	 	 
	C	 	 	 	 	 	 	 
	D	 	 	 	 	 	 	 
	E	 	 	 	 	 	 	 
	F	 	 	 	 	 	 	 
	VRR
    Interest	 	 	 	 	 	 	 

 

	NR -	Designates that the class was
    not rated by the above agency at the time of original issuance.
	X -	Designates that the above rating agency did not
    rate any classes in this transaction at the time of original issuance. 
	N/A -	Data not available this period.

1)
For any class not rated at the time of original issuance by any particular rating agency, no request has been made subsequent
to issuance to obtain rating information, if any, from such rating agency. The current ratings were obtained directly from the
applicable rating agency within 30 days of the payment date listed above. The ratings may have changed since they were obtained.
Because the ratings may have changed, you may want to obtain current ratings directly from the rating agencies.

 

 

 

 

 

 

 

 

 

 

    Page 7 of 22

     

    
  

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Mortgage
    Loan Detail	 
	 	 	 
	 	Loan

    Number	ODCR
    	Property

    Type (1)	City	State	Interest

    Payment	Principal

    Payment	Gross

    Coupon	Anticipated
    

    Repayment

    Date	Maturity

    Date	Neg.

    Amort

    (Y/N)	Beginning

    Scheduled

    Balance	Ending

    Scheduled

    Balance	Paid

    Thru

    Date	Appraisal

    Reduction

    Date	Appraisal

    Reduction

    Amount	Res.

    Strat.

    (2)	Mod.

    Code

    (3)	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	(1)
    Property Type Code	(2)
    Resolution Strategy Code	(3)
    Modification Code
	 	 	 
	 	MF 	-	Multi-Family	SS

	-	Self Storage

	1	-	Modification	7	-	REO	11	-	Full Payoff	1	-	Maturity Date Extension	6	-	Capitalization on Interest	 
	 	RT 	-	Retail	98	-	Other

	2 	-	Foreclosure	8	-	Resolved	12 	 -	Reps and
    Warranties  	2	-	Amortization Change	7	-	Capitalization on Taxes	 
	 	HC	-	Health Care	SE	-	Securities

	3	-	Bankruptcy	9	-	Pending Return	13	-	TBD	3	-	Principal Write-Off	8	-	Other	 
	 	 IN	-	Industrial	CH	-	Cooperative
                                         Housing

	4	-	Extension			to Master Servicer	98	-	Other	4	-	Blank	9	-	Combination	 
	 	MH	-	Mobile Home Park	WH	-	Warehouse	5	-	Note Sale	10	- 	Deed in Lieu Of				5	-	Temporary Rate Reduction  	10	-	Forbearance

	 
	 	OF 	-	Office	ZZ

	-	Missing Information

	6	-	DPO

	 	 	Foreclosure

	 	 	 	 	 	 	 	 	 	 
	 	MU

	-	Mixed Use

	SF	-	Single Family

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	LO

	-	Lodging	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    Page 8 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 	 	 
	 	NOI
    Detail	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	Loan

    Number	ODCR	Property

    Type	City	State	Ending

    Scheduled

    Balance	Most

    Recent

    Fiscal NOI (1)	Most

    Recent

    NOI (1)	Most
    Recent

    NOI Start

    Date	Most
    Recent

    NOI End

    Date	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	Total	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	(1)
                                         The Most Recent Fiscal NOI and Most Recent NOI fields correspond to the financial data
                                         reported by the Master Servicer. An NOI of 0.00 means the Master Servicer did not report
                                         NOI figures in their loan level reporting.

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 

 

    Page 9 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 
	 	Principal
    Prepayment Detail	 
	 	 	 	 	 	 	 	 	 
	 	Loan
    Number	Loan
    Group	Offering
    Document
Cross-Reference	Principal
    Prepayment Amount	Prepayment
    Penalties	 
	 	Payoff
    Amount	Curtailment
    Amount	Prepayment
    

    Premium	Yield
    Maintenance
Charge	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

    Page 10 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Historical
    Detail	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Delinquencies	Prepayments	Rate
    and Maturities	 
	 	Distribution	30-59
    Days	60-89
    Days	90
    Days or More	Foreclosure	REO	Modifications	Curtailments	Payoff	Next
    Weighted Avg.	WAM 	 
	 	Date	#	Balance	#	Balance	#	Balance	#	Balance	#	Balance	#	Balance	#	Amount 	#	Amount	Coupon	Remit	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Note: Foreclosure and REO Totals
    are excluded from the delinquencies.	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 

 

    Page 11 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Delinquency
    Loan Detail	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Loan
    Number	Offering

    Document

    Cross-Reference	#
    of

    Months

    Delinq.	Paid
    Through

    Date	Current

    P & I

    Advances	Outstanding

    P & I

    Advances **	Status
    of

    Loan  (1)	Resolution

    Strategy

    Code  (2)	Servicing
Transfer
    Date	Foreclosure

    Date	Actual

    Principal

    Balance	Outstanding

    Servicing

    Advances	Bankruptcy

    Date	REO

    Date	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	(1)
    Status of Mortgage Loan	 	 	(2)
    Resolution Strategy Code	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	A	-	Payment Not Received	0	- Current	4	-	Performing Matured Balloon

	1	-	Modification	7	-	REO	11	-	Full Payoff

	 	 
	 	 	 	 	But Still in Grace Period	1	- 30-59 Days Delinquent	5 	-	Non Performing Matured
    Balloon	2 	-	Foreclosure	8	-	Resolved	12	-	Reps
    and Warranties	 	 
	 	 	 	 	Or Not Yet Due	2	- 60-89 Days Delinquent	6	-	121+ Days Delinquent	3 	-	Bankruptcy	9	-	Pending Return	13	-	TBD	 	 
	 	 	B	-	Late Payment But Less	3	- 90-120 Days Delinquent	 	 	 	4 	-	Extension			to Master Servicer	98	-	Other

	 	 
	 	 	 	 	Than 30 Days Delinquent	 	 	 	 	 	5 	-	Note Sale	10	 -	Deed
                                      In Lieu Of

				 	 
	 	 	** Outstanding P & I Advances
    include the current period advance.	6	-	DPO	 	 	Foreclosure	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    Page 12 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Specially
    Serviced Loan Detail - Part 1	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Loan

    Number	Offering

    Document

    Cross-Reference	Servicing

    Transfer

    Date	Resolution

    Strategy

    Code (1)	Scheduled

    Balance	Property

    Type (2)	State	Interest

    Rate	Actual

    Balance	Net

    Operating

    Income	DSCR

    Date	DSCR	Note

    Date	Maturity

    Date	Remaining

    Amortization

    Term	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	(1)
    Resolution Strategy Code	(2)
    Property Type Code	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	1	-  Modification	7	-	REO	11	-	Full Payoff	MF	-	Multi-Family	SS	-	Self Storage

	 
	 	2	-  Foreclosure	8	-	Resolved	12	- 	Reps and Warranties	RT	-	Retail	98	-	Other

	 
	 	3	-  Bankruptcy	9	-	Pending Return	13	-	TBD	HC	-	Health Care	SE	-	Securities

	 
	 	4	-  Extension			to Master Servicer	98	-	Other	IN	-	Industrial	CH	-	Cooperative Housing

	 
	 	5	-  Note Sale	10	 -	Deed in Lieu Of				MH	-	Mobile Home Park	WH	-	Warehouse

	 
	 	6	-  DPO	 	 	Foreclosure	 	 	 	OF

	-	Office

	ZZ

	- 	Missing Information

	 
	 	 	 	 	 	 	 	 	 	MU

	- 	Mixed Use

	SF 	- 	Single Family 	 
	 	 	 	 	 	 	 	 	 	LO

	- 	Lodging

	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    Page 13 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 	 
	 	Specially
    Serviced Loan Detail - Part 2	 
	 	 	 	 	 	 	 	 	 	 	 
	 	Loan

    Number	Offering

    Document

     Cross-Reference 	Resolution

    Strategy

    Code (1)	Site

    Inspection

    Date	

    Phase 1 Date	Appraisal
    Date	Appraisal

    Value	Other
    REO

    Property Revenue	Comment
                                         from Special Servicer

	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	(1)
    Resolution Strategy Code	(2)
    Property Type Code          	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	1	-  Modification	7	-	REO	11	-	Full Payoff	MF	-	Multi-Family	SS	-	Self Storage

	 
	 	2	-  Foreclosure	8	-	Resolved	12	- 	Reps and Warranties	RT	-	Retail	98	-	Other

	 
	 	3	-  Bankruptcy	9	-	Pending Return	13	-	TBD	HC	-	Health Care	SE	-	Securities

	 
	 	4	-  Extension			to Master Servicer	98	-	Other	IN	-	Industrial	CH	-	Cooperative Housing

	 
	 	5	-  Note Sale	10	 -	Deed in Lieu Of				MH	-	Mobile Home Park	WH	-	Warehouse

	 
	 	6	-  DPO	 	 	Foreclosure	 	 	 	OF

	-	Office

	ZZ

	-	Missing Information

	 
	 	 	 	 	 	 	 	 	 	MU

	-	Mixed Use

	SF 	-	Single Family 	 
	 	 	 	 	 	 	 	 	 	LO

	-	Lodging

	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    Page 14 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 
	Advance
    Summary
	 	 	 	 	 	 	 
	 	Loan
    Group 	Current
    P&I

    Advances	Outstanding
    P&I

    Advances	Outstanding
    Servicing

    Advances	Current
    Period Interest

    on P&I and Servicing

    Advances Paid	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	Totals	0.00	0.00	0.00	0.00	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

    Page 15 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 
	 	Modified
    Loan Detail	 
	 	 	 	 	 	 	 	 	 	 
	 	Loan

    Number	Offering

    Document

    Cross-Reference	Pre-Modification

    Balance	Post-Modification

    Balance	Pre-Modification

    Interest Rate	Post-Modification

    Interest Rate	Modification

    Date	Modification
    Description	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 

 

    Page 16 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Historical
    Liquidated Loan Detail	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Distribution

    Date	ODCR	Beginning

    Scheduled

    Balance	Fees,

    Advances,

    and Expenses *	Most
    Recent

    Appraised

    Value or BPO	Gross
    Sales

    Proceeds or

    Other Proceeds	Net
    Proceeds

    Received on

    Liquidation	Net
    Proceeds

    Available for

    Distribution	Realized
    

    Loss to Trust	Date
    of Current

    Period Adj.

    to Trust	Current
    Period

    Adjustment

    to Trust	Cumulative

    Adjustment

    to Trust	Loss
    to Loan

    with Cum

    Adj. to Trust	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Current
    Total	 	 	 	 	 	 	 	 	 	 	 	 
	 	Cumulative
    Total	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	*
    Fees, Advances and Expenses also include outstanding P & I advances and unpaid fees (servicing, trustee,
    etc.).	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    Page 17 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Historical
    Bond/Collateral Loss Reconciliation Detail	 
	 	 	 
	 	Distribution

    Date	 	 	Offering

    Document

    Cross-Reference	 	 	Beginning

    Balance

    at Liquidation	 	 	Aggregate

    Realized Loss

    on Loans	 	 	Prior
    Realized

    Loss Applied

    to Certificates	 	 	Amounts

    Covered by

    Credit Support	 	 	Interest

    (Shortages)/

    Excesses	 	 	Modification

    /Appraisal

    Reduction Adj.	 	 	Additional

    (Recoveries)

    /Expenses	 	 	Realized
    Loss

    Applied to

    Certificates to Date	 	 	Recoveries
    of

    Realized Losses

    Paid as Cash	 	 	(Recoveries)/

    Losses Applied to

    Certificate Interest	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	   	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Totals     	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    Page 18 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Interest
    Shortfall Reconciliation Detail - Part 1	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Offering

Document

Cross-Reference	 	 	Stated

    Principal

    Balance at

    Contribution	 	 	Current

    Ending

    Scheduled

    Balance	 	 	Special
    Servicing Fees	 	 	ASER	 	 	(PPIS)
    Excess	 	 	Non-Recoverable

    (Scheduled

    Interest)	 	 	Interest
    on

    Advances	 	 	Modified
    Interest

    Rate (Reduction)

    /Excess	 
	Monthly	 	 	Liquidation	 	Work
    Out
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    Page 19 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 
	 	Interest
    Shortfall Reconciliation Detail - Part 2	 
	 	 	 	 	 	 	 	 	 
	 	Offering

    Document

    Cross-Reference	Stated
    Principal

    Balance at

    Contribution	Current
    Ending

    Scheduled

    Balance	Reimb
    of Advances to the Servicer	 Other
     (Shortfalls)/ 

     Refunds	Comments	 
	Current
    Month	Left
    to Reimburse

    Master Servicer
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 
	 	Interest
    Shortfall Reconciliation Detail Part 2 Total	0.00	 	 	 
	 	Interest
    Shortfall Reconciliation Detail Part 1 Total	0.00	 	 	 
	 	Total
    Interest Shortfall Allocated to Trust	0.00	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

    Page 20 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 	 	 	 	 	 	 	 
	 	Defeased Loan Detail	 
	 	 	 	 	 	 	 	 	 	 
	 		Loan

Number	Offering
    Document
 Cross-Reference	Ending Scheduled

    Balance	Maturity Date	Note Rate	Defeasance Status		 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 		Totals 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 

 

 

    Page 21 of 22

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	CPTS 2019-CPT Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/13/19
	Record Date:	11/29/19
	Determination Date:	12/9/19

	 	 	 
	 	 	 
	 	Supplemental Reporting	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Disclosable
                                         Special Servicer Fees would be disclosed here.

	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    Page 22 of 22

     

    

 

EXHIBIT
L-1-A

 

Form
of Investor Certification for Non-Borrower Related Parties AND/OR RISK RETENTION CONSULTATION PARTIES

 

[Date]

 

	Wells
    Fargo Bank, National Association

    Commercial Mortgage Servicing

    Three Wells Fargo 

    401 South Tryon Street, 8th Floor

    MAC D1050-084

    Charlotte, North Carolina 28202

    Attention: CPTS 2019-CPT Asset Manager 

    Email: commercial.servicing@wellsfargo.com	Wells
    Fargo Bank, National Association 

    9062 Old Annapolis Road 

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – CPTS 2019-CPT

 

		Re:	CPTS
                                         2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates 

 

In
accordance with the requirements for obtaining certain information under the Trust and Servicing Agreement, dated as of November
9, 2019 (the “Agreement”) and executed in connection with the CPTS 2019-CPT securitization transaction, with
respect to the above-referenced certificates (the “Certificates”), the undersigned hereby certifies and agrees
as follows:

 

1.       The
undersigned is either a certificateholder, the Directing Holder, a beneficial owner, a prospective purchaser of the Class [_]
Certificates or a Risk Retention Consultation Party.

 

2.
     The undersigned is (a) not a Borrower Related Party or (b) a Risk Retention Consultation
Party.

 

3.       The
undersigned is requesting access pursuant to the Agreement to certain information (the “Information”) on the
[Master Servicer’s Website][Certificate Administrator’s Website] and/or is requesting the information identified on
the schedule attached hereto (also, the “Information”) pursuant to the provisions of the Agreement.

 

In
consideration of the disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information
confidential (except from such outside persons as are assisting it in making an evaluation in connection with purchasing the related
Certificates, from its accountants and attorneys, and otherwise from such governmental or banking authorities or agencies to which
the undersigned is subject), and such Information will not, without the prior written consent of the Depositor, be otherwise disclosed
by the undersigned or by its officers, directors, partners, employees, agents or representatives (collectively, the “Representatives”)
in any manner whatsoever, in whole or in part.

 

    L-1-A-1

     

    

 

The
undersigned will not use or disclose the Information in any manner which could result in a violation of any provision of the Securities
Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would
require registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

4.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify
the Depositor, the Certificate Administrator, the Trustee, the Master Servicer, the Special Servicer, each Initial Purchaser and
the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any of
its Representatives.

 

5.       At
any time the undersigned becomes a Borrower Related Party, the undersigned shall deliver the certification attached as Exhibit
L-1-B to the Agreement.

 

6.       The
undersigned agrees that each time it accesses the [Master Servicer’s Website][Certificate Administrator’s Website],
the undersigned is deemed to have recertified that the representations and covenants contained herein remain true and correct.

 

7.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be
signed hereto by its duly authorized signatory, as of the date certified.

  

	 	By: 	 
	 	 	Title:
	 	 	Company:
			Phone:

 

    L-1-A-2

     

    

 

EXHIBIT
L-1-B

 

FORM
OF INVESTOR CERTIFICATION FOR BORROWER RELATED PARTIES

 

[Date]

 

	Wells
Fargo Bank, National Association

Commercial Mortgage Servicing

Three Wells Fargo

401 South Tryon Street, 8th Floor

MAC D1050-084

Charlotte, North Carolina 28202

Attention: CPTS 2019-CPT Asset Manager

Email: commercial.servicing@wellsfargo.com 
	Wells
                                         Fargo Bank, National Association

                                         9062 Old Annapolis Road

                                         Columbia, Maryland 21045

                                         Attention: Corporate Trust Services – CPTS 2019-CPT

         

 

		Re:	CPTS
                                         2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates 

 

In
accordance with the requirements for obtaining certain information under the Trust and Servicing Agreement, dated as of November
9, 2019 (the “Agreement”) and executed in connection with the CPTS 2019-CPT securitization transaction, with
respect to the above-referenced certificates (the “Certificates”), the undersigned hereby certifies and agrees
as follows:

 

1.       The
undersigned is either a certificateholder, the Directing Holder, a beneficial owner or a prospective purchaser of the Class [_]
Certificates.

 

2.       The
undersigned is a Borrower Related Party.

 

3.       The
undersigned is requesting access pursuant to the Agreement to certain information (the “Information”) on the
Certificate Administrator’s Website.

 

In
consideration of the disclosure to the undersigned of the Information, or the access thereto, the undersigned shall keep the Information
confidential (except from such outside persons as are assisting it in making an evaluation in connection with purchasing the related
Certificates, from its accountants and attorneys, and otherwise from such governmental or banking authorities or agencies to which
the undersigned is subject), and such Information shall not, without the prior written consent of the Depositor, be otherwise
disclosed by the undersigned or by its officers, directors, partners, employees, agents or representatives (collectively, the
“Representatives”) in any manner whatsoever, in whole or in part.

 

The
undersigned shall not use or disclose the Information in any manner which could result in a violation of any provision of the
Securities Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended,
or would require registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

    L-1-B-1

     

    

 

4.       The
undersigned hereby acknowledges and agrees that it is prohibited from accessing, reviewing and using Excluded Information (as
defined in the Agreement) to the extent the undersigned receives access to such Excluded Information on the Certificate Administrator’s
website or otherwise receives access to such Excluded Information in connection with its duties, or exercise of its rights pursuant
to the Agreement.

 

5.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representative and shall indemnify
each party to the Agreement, the Initial Purchasers and the Trust Fund for any loss, liability or expense incurred thereby with
respect to any such breach by the undersigned or any of its Representatives.

 

6.       To
the extent the undersigned receives access to any Excluded Information on the Certificate Administrator’s Website or otherwise
receives access to such Excluded Information, the undersigned shall be deemed to have agreed that it (i) will not directly or
indirectly provide such Excluded Information to the Borrower or (A) any employees or personnel of the undersigned or any Affiliate
involved in the management of any investment in the Borrower or the Mortgaged Property or (B) to its actual knowledge, any non-Affiliate
that holds a direct or indirect ownership interest in the Borrower, and (ii) will maintain sufficient internal controls and appropriate
policies and procedures in place in order to comply with the obligations described in clause (i) above.

 

7.       The
undersigned agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed to have
recertified that the representations and covenants contained herein remain true and correct.

 

8.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the
notice provisions of the Agreement to each of the addressees listed above (a) by overnight courier or (b) mailed by registered
mail, postage prepaid.

 

9.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned shall be deemed to have caused its name to be signed hereto by its duly authorized signatory,
as of the date certified.

 

	 	By: 	 
	 	 	Title:
	 	 	Company:
			Phone:

  

    L-1-B-2

     

    

 

EXHIBIT
L-1-C

 

Form
of Certification of the DIRECTING HOLDER

 

[Date]

 

	Wells Fargo Bank, National Association
 Commercial Mortgage Servicing
 Three Wells Fargo 
 401 South Tryon Street,
    8th Floor
 MAC D1050-084
 Charlotte, North Carolina 28202
 Attention: CPTS 2019-CPT Asset Manager 
 Email: commercial.servicing@wellsfargo.com
         	Wells
                                         Fargo Bank, National Association 
 9062 Old Annapolis Road 
 Columbia, Maryland
                                         21045
 Attention: Corporate Trust Services – CPTS

                                         2019-CPT

 

		Re:	Trust
                                         and Servicing Agreement (“Trust and Servicing Agreement”) relating to CPTS
                                         2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates

 

In
accordance with Section 6.07(e) of the Trust and Servicing Agreement, the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned has been appointed to act as the Directing Holder.

 

2.       The
undersigned is not a Borrower Related Party.

 

3.       If
the undersigned becomes a Borrower Related Party, the undersigned agrees to and shall deliver the certification attached as Exhibit
L-1-B to the Trust and Servicing Agreement.

 

4.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its officers, directors, partners, employees,
agents or representatives (collectively, the “Representatives”) and shall indemnify each party to the Trust
and Servicing Agreement, the Initial Purchasers and the Trust Fund for any loss, liability or expense incurred thereby with respect
to any such breach by the undersigned or any of its Representatives.

 

5.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the
notice provisions of the Trust and Servicing Agreement to each of the addressees listed above (a) by overnight courier or (b)
mailed by registered mail, postage prepaid.

 

6.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Trust and Servicing Agreement.

 

    L-1-C-1

     

    

 

[BY
ITS CERTIFICATION HEREOF, the undersigned shall be deemed to have caused its name to be signed hereto by its duly authorized signatory,
as of the date certified.]

 

	 	 	[The
                                         Directing Holder][a Controlling Class Certificateholder]
	 	 	 
	 	By: 	 
	 	 	Title:
	 	 	Company:
			Phone:

  

    L-1-C-2

     

    

 

EXHIBIT
L-1-D

 

FORM
OF NOTICE OF CONFLICTED CONTROLLING CLASS HOLDER WHO BECOMES A BORROWER RELATED PARTY

 

[Date]

 

	Wells
                                         Fargo Bank, National Association

                                         Commercial Mortgage Servicing

                                         Three Wells Fargo

                                         401 South Tryon Street, 8th Floor

                                         MAC D1050-084

                                         Charlotte, North Carolina 28202

                                         Attention: CPTS 2019-CPT Asset Manager

                                         Email: commercial.servicing@wellsfargo.com

         

         

         

        Wells
        Fargo Bank, National Association

        9062 Old Annapolis Road

        Columbia, Maryland 21045

        Attention: Corporate Trust Services – CPTS 2019-CPT

         
	CWCapital
                                         Asset Management LLC

        

        7501
        Wisconsin Avenue, Suite 500 West

        

        Bethesda,
        Maryland 20814

        

        Attention:
        Brian Hanson (CPTS 2019-CPT)

         

        with
        a copy via e-mail to:

         

        CWCAMnoticesCPTS2019-

        CPT@cwcapital.com

         

        with
        a copy to:

         

        CWCapital
        Asset Management LLC

        

        7501
        Wisconsin Avenue, Suite 500 West

        

        Bethesda,
        Maryland 20814

        

        Attention:
        Legal Department

         

 

		Re:	Trust
                                         and Servicing Agreement (“Trust and Servicing Agreement”) relating to CPTS
                                         2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates 

 

THIS
NOTICE IDENTIFIES A “CONFLICTED CONTROLLING CLASS HOLDER” RELATING TO THE CERTIFICATEHOLDER OF THE CPTS 2019-CPT COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES, REQUIRING ACTION BY YOU AS THE RECIPIENT PURSUANT TO ARTICLE IX OF THE TRUST AND SERVICING
AGREEMENT.

 

In
accordance with Section 4.02 of the Trust and Servicing Agreement, with respect to the above-referenced certificates (the “Certificates”),
the undersigned (the “Conflicted Controlling Class Holder”) hereby certifies and agrees as follows:

 

1.             
The undersigned is [the Directing Holder][a Controlling Class Certificateholder] as of the date hereof.

 

2.             
The undersigned has become a Borrower Related Party with respect to the Trust Loan and has become a Conflicted Controlling Class
Holder.

 

    L-1-D-1

     

    

 

3.             
As of the date above, the undersigned is the beneficial owner of the following certificates, and is providing the below information
to the addressees hereto for purposes of their compliance with the Trust and Servicing Agreement:

 

	CUSIP	Class	Outstanding
    Certificate Balance	Initial
    Certificate Balance
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

4.             
The undersigned hereby acknowledges and agrees that it is no longer a Privileged Person and shall only be entitled to access the
Distribution Date Statements, and the following items to the extent that they are made available to the general public on the
Certificate Administrator’s Website: the Trust and Servicing Agreement, the Trust Loan Purchase Agreements and any SEC filings.

 

5.             
The following USER IDs for CTSLink are affiliated with the undersigned and access to any information on the Certificate Administrator’s
Website with respect to the CPTS 2019-CPT securitization should be revoked as to such users: 

	 
	 
	 
	 
	 

 

6.              
The undersigned shall be fully liable for any breach of the Trust and Servicing Agreement by itself or any of its Representatives
and shall indemnify the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the
Initial Purchasers and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the
undersigned or any of its Representatives.

 

7.              
The undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with
the notice provisions of the Trust and Servicing Agreement to each of the addressees listed above (a) by overnight courier or
(b) mailed by registered mail, postage prepaid.

 

8.              
The undersigned is simultaneously providing an investor certification to the Certificate Administrator in the form of Exhibit
L-1-B to the Trust and Servicing Agreement, requesting access to the Certificate Administrator’s site as a Borrower Related
Party. The undersigned acknowledges that it is no longer a Privileged Person and shall only be entitled to

 

    L-1-D-2

     

    

 

access
the Distribution Date Statements, and the following items to the extent that they are made available to the general public on
the Certificate Administrator’s Website: the Trust and Servicing Agreement, the Trust Loan Purchase Agreements and any SEC
filings unless and until it has (i) delivered notice of the termination of the related Conflicted Controlling Class Holder status
and (ii) submitted a new investor certification in accordance with Section 4.02 of the Trust and Servicing Agreement.

 

9.             
The undersigned agrees to indemnify and hold harmless each party to the Trust and Servicing Agreement, the Initial Purchasers
and the Trust Fund from any damage, loss, cost or liability (including legal fees and expenses and the cost of enforcing this
indemnity) arising out of or resulting from any unauthorized access by the undersigned or any agent, employee, representative
or person acting on its behalf of any such information relating to the Whole Loan.

 

Capitalized
terms used but not defined herein have the respective meanings given to them in the Trust and Servicing Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

	 	 	 	[Directing
    Holder] [Controlling Class Certificateholder]
	 	 	 	 	 
	 	 	 	By: 	 
	 	 	 	 	Name:
	 	 	 	 	Title:
	 	 	 	 	 
	Dated:	 	 	 	 

 

cc:
Deutsche Mortgage & Asset Receiving Corporation

 

    L-1-D-3

     

    

 

EXHIBIT
L-1-E

 

Form
of Certification of the RISK RETENTION CONSULTATION PARTIES

 

[Date]

 

	Deutsche
                                         Mortgage & Asset Receiving 

                                         Corporation 

        60
        Wall Street

        

        New
        York, New York 10005

        

        Attention:
        Helaine M. Kaplan

         

        Wells
        Fargo Bank, National Association

        Commercial Mortgage Servicing

        Three Wells Fargo

        401 South Tryon Street, 8th Floor

        MAC D1050-084

        Charlotte, North Carolina 28202

        Attention: CPTS 2019-CPT Asset Manager

        Email: commercial.servicing@wellsfargo.com

         

        Wells
        Fargo Bank, National Association

        9062 Old Annapolis Road 

        Columbia,
        Maryland 21045

        

        Attention:
        Corporate Trust Services – CPTS 

        2019-CPT

         

        with
        a copy to:

         

        Facsimile
        number: (410) 715-2380

        E-mail: cts.cmbs.bond.admin@wellsfargo.com and trustadministrationgroup@wellsfargo.com

        
	CWCapital
                                         Asset Management LLC

        

        7501
        Wisconsin Avenue, Suite 500 West

        

        Bethesda,
        Maryland 20814

        

        Attention:
        Brian Hanson (CPTS 2019-CPT)

         

        with
        a copy via e-mail to:

         

        CWCAMnoticesCPTS2019-

        CPT@cwcapital.com

         

        with
        a copy to:

         

        CWCapital
        Asset Management LLC

        

        7501
        Wisconsin Avenue, Suite 500 West

        

        Bethesda,
        Maryland 20814

        

        Attention:
        Legal Department

        

 

		Re:	CPTS
                                         2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates [VRR1 Interest][VRR2
                                         Interest][VRR3 Interest]

 

In
accordance with Section 6.11 of the Trust and Servicing Agreement, the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned has been appointed to act as the [VRR1 Risk Retention Consultation Party] [VRR2 Risk Retention Consultation Party]
[VRR3 Risk Retention Consultation Party].

 

2       The
undersigned is not a Borrower Related Party.

 

    L-1-E-1

     

    

 

3.       [For
use with any party other than an initial Risk Retention Consultation Party] The undersigned hereby certifies that an executed
copy of this certification in paper form has been delivered in accordance with the notice provisions of the Trust and Servicing
Agreement to each of the addressees listed above (a) by overnight courier or (b) mailed by registered mail, postage prepaid.

 

4.       The
contact information for the undersigned for all notices and other communications is as follows:

 

[_____]

 

5.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Trust and Servicing Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned shall have caused, or shall be deemed to have caused its name to be signed hereto by
its duly authorized signatory, as of the date certified.

 

	 	 	 	[RISK
    RETENTION CONSULTATION PARTY]
	 	 	 	 	 
	 	 	 	By: 	 
	 	 	 	 	Name:
	 	 	 	 	Title:
	 	 	 	 	
	Dated:	 	 	 	

 

    L-1-E-2

     

    

 

EXHIBIT
L-2

 

FORM
OF INVESTOR CERTIFICATION TO EXERCISE VOTING RIGHTS

 

[Date]

 

Wells
Fargo Bank, National Association

Commercial Mortgage Servicing

Three Wells Fargo

401 South Tryon Street, 8th Floor

MAC D1050-084

Charlotte, North Carolina 28202

Attention: CPTS 2019-CPT Asset Manager

Email: commercial.servicing@wellsfargo.com

 

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – CPTS 2019-CPT

 

		Re:	CPTS
                                         2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates

 

In
accordance with the requirements for the exercise of Voting Rights pursuant to the Trust and Servicing Agreement, dated as of
November 9, 2019 (the “Agreement”) and executed in connection with the CPTS 2019-CPT securitization transaction,
with respect to the above-referenced certificates (the “Certificates”), the undersigned hereby certifies and
agrees as follows:

 

1.       The
undersigned is a [beneficial certificateholder of the Class [_] Certificates in the original principal amount of $[_____],
CUSIP number [_]].

 

2.       The
undersigned is duly authorized to deliver this certification to the Certificate Administrator, such power has not been granted
or assigned to any other Person and the Certificate Administrator may conclusively rely on this certification.

 

3.       The
undersigned intends to exercise Voting Rights under the Agreement, and certifies that the undersigned is not the Depositor, the
Certificate Administrator, the Trustee, a Borrower, a Manager, a Restricted Holder, an Affiliate of any of the foregoing or an
agent of any of the foregoing.

 

4.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its officers, directors, partners, employees,
agents or representatives, and shall indemnify the Depositor, the Certificate Administrator, the Trustee, the Master Servicer,
the Special Servicer and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by
the undersigned or any of its Representatives.

 

5.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

    L-2-1

     

    

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be
signed hereto by its duly authorized signatory, as of the date certified.

 

	 	[Certificateholder]
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:
	 	 	Company:
	 	 	Phone:

 

		[DTC
                                         Participant Name	 
	 	 	 
	 	DTC
                                         Participant No.	]

 

    L-2-2

     

    

 

EXHIBIT
L-3

 

FORM
OF ONLINE VENDOR CERTIFICATION

 

This
Certification has been prepared for provision of information to the market data providers listed in Paragraph 1 below pursuant
to the direction of the Depositor.

 

 

In
connection with the CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates (the “Certificates”)
issued pursuant to the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust and Servicing Agreement”)
and executed in connection with the CPTS 2019-CPT securitization transaction, the undersigned hereby certifies and agrees as follows:

 

		1.	The
                                         undersigned is an employee or agent of BlackRock Financial Management, Inc., Bloomberg,
                                         L.P., Trepp, LLC, Intex Solutions, Inc., Thomson Reuters Corporation, Interactive Data
                                         Corporation, Moody’s Analytics or Markit LLC, a market data provider that has been
                                         given access to the Distribution Date Statements, CREFC reports and supplemental notices
                                         delivered or made available pursuant to Section 4.02 of the Trust and Servicing Agreement
                                         to Privileged Persons on https://www.ctslink.com (the “Website”) by
                                         request of the Depositor.

 

		2.	The
                                         undersigned agrees that each time it accesses the Website, the undersigned is deemed
                                         to have recertified that the representation above remains true and correct.

 

		3.	Capitalized
                                         terms used but not defined herein shall have the respective meanings assigned thereto
                                         in the agreement pursuant to which the Certificates were issued.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be
signed hereto by its duly authorized signatory, as of the date certified.

 

	 	[	]

 

	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	Phone:
	 	 	E-mail:
	 	 	 
	Dated:	 	 

 

    L-3-1

     

    

 

EXHIBIT
L-4

 

FORM
OF CREFC® Certification 

 

This
Certification has been prepared for provision of information to the CRE Finance Council®. 

 

In
connection with the CPTS 2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates (the “Certificates”),
the undersigned hereby certifies and agrees as follows:

 

		1.	The
                                         undersigned is an employee or agent of the CRE Finance Council® that has
                                         been given access to the Distribution Date Statements and CREFC® reports
                                         on https://www.ctslink.com.

 

		2.	The
                                         undersigned agrees that each time it accesses https:// www.ctslink.com, the undersigned
                                         is deemed to have recertified that the representation above remains true and correct.

 

		3.	Capitalized
                                         terms used but not defined herein shall have the respective meanings assigned thereto
                                         in the agreement pursuant to which the Certificates were issued.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and has caused, or shall be deemed to have caused,
its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

	 	[	]

	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	Phone:
	 	 	E-mail:

 

Dated:

 

    L-4-1

     

    

 

EXHIBIT
M

 

FORM
OF NOTIFICATION FROM CUSTODIAN

 

 

[DATE]

 

To
the Persons Listed on the attached Schedule A

 

		Re:	CPTS
                                         2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates

 

Ladies
and Gentlemen:

 

In
accordance with Section 2.02 of the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust and Servicing
Agreement”) and executed in connection with the CPTS 2019-CPT securitization transaction, the undersigned, as Custodian,
hereby notifies you that, based upon the review required under the Trust and Servicing Agreement, the Mortgage File for the Whole
Loan set forth on the attached defect schedule contains a document or documents which (i) has not been executed or received, (ii)
has not been recorded or filed (if required), (iii) is unrelated to the Whole Loan, (iv) appears not to be what they purport to
be or has been torn in any materially adverse manner or (v) is mutilated or otherwise defaced, in each case as more fully described
on the attached defect schedule.

 

The
Custodian has no responsibility to determine, and expresses no opinion with respect thereto, whether any document or opinion is
legal, valid, binding or enforceable, whether the text of any assignment or endorsement is in proper or recordable form (except,
if applicable, to determine if the Trustee is the assignee or endorsee), whether any document has been recorded in accordance
with the requirements of any applicable jurisdiction, whether a blanket assignment is permitted in any applicable jurisdiction,
or whether any Person executing any document or rendering any opinion is authorized to do so or whether any signature thereon
is genuine.

 

Capitalized
words and phrases used herein shall have the respective meanings assigned to them in the above-captioned Trust and Servicing Agreement.

 

	 	WELLS
                                         FARGO BANK, NATIONAL ASSOCIATION, as Custodian
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

    M-1

     

    

 

SCHEDULE
A

TO

FORM OF NOTIFICATION FROM CUSTODIAN

 

To
the Depositor:

 

Deutsche
Mortgage & Asset Receiving Corporation

60 Wall Street

New York, New York 10005

Attention: Helaine M. Kaplan

with
a copy via e-mail to cmbs.requests@db.com

 

To
the Certificate Administrator:

 

Wells
Fargo Bank, National Association

9062 Old Annapolis Road

Columbia,
Maryland 21045

Attention:
Corporate Trust Services – CPTS 2019-CPT

Email:
trustadministrationgroup@wellsfargo.com;

cts.cmbs.bond.admin@wellsfargo.com

 

To
the Trustee:

 

Wilmington
Trust, National Association

1100 North Market Street

Wilmington, Delaware 19890

Attention: CMBS Trustee – CPTS 2019-CPT

with
a copy to:

E-mail:
cmbstrustee@wilmingtontrust.com

 

To
the Master Servicer:

 

Wells
Fargo Bank, National Association

Commercial Mortgage Servicing

Three Wells Fargo

401 South Tryon Street, 8th Floor

MAC D1050-084

Charlotte, North Carolina 28202

Attention:
CPTS 2019-CPT Asset Manager

Email: commercial.servicing@wellsfargo.com

 

To the Special Servicer:

 

CWCapital
Asset Management LLC

7501
Wisconsin Avenue, Suite 500 West

Bethesda,
Maryland 20814

 

    M-2

     

    

 

Attention:
Brian Hanson (CPTS 2019-CPT)

 

with
a copy via e-mail to:

 

CWCAMnoticesCPTS2019-CPT@cwcapital.com

 

with
a copy to:

 

CWCapital
Asset Management LLC

7501
Wisconsin Avenue, Suite 500 West

Bethesda,
Maryland 20814

Attention:
Legal Department

 

To
the Trust Loan Sellers:

 

German
American Capital Corporation

60 Wall Street

New York, New York 10005

Attention: Helaine M. Kaplan

with a copy via e-mail to:

E-mail: cmbs.request@db.com

 

Wells
Fargo Bank, National Association

301 South College St.

Charlotte, North Carolina 28202

Attention: CPTS 2019-CPT

 

with
copies to:

Wells Fargo Legal Department

MAC: D1086-341

550 S Tryon Street, 34th Floor

Charlotte, North Carolina, 28202-4200

Attention: Troy B. Stoddard, Esq., Senior Counsel

and

Wells Fargo Bank, National Association

10 South Wacker Drive, 32nd Floor

Chicago, Illinois 60606

Attention: Jacqueline Gelman

Email: jacqueline.m.gelman@wellsfargo.com

 

and

 

Morgan
Stanley Mortgage Capital Holdings LLC

 

    M-3

     

    

 

1585
Broadway

New
York, New York 10036

Attention:
Jane Lam

 

with
a copy to:

 

Morgan
Stanley Mortgage Capital Holdings LLC

1633
Broadway, 29th Floor

New
York, New York 10019

Attention:
Legal Compliance Division

 

with
a copy via e-mail to:

 

cmbs_notices@morganstanley.com

 

    M-4

     

    

 

DEFECT
SCHEDULE

TO FORM OF NOTIFICATION FROM CUSTODIAN

 

    M-5

     

    

 

EXHIBIT
N-1

 

FORM
OF CLOSING DATE CUSTODIAN CERTIFICATION

 

[Date]

 

	Deutsche
    Mortgage & Asset Receiving Corporation

    60 Wall Street

    New York, New York  10005

    Attention:  Helaine M. Kaplan	Wilmington
                                         Trust, National Association

                                         1100 North Market Street

        

        Wilmington,
        Delaware 19890

        

        Facsimile
        Number: (302) 630-4140

        

        Attention:
        CMBS Trustee – CPTS 2019-CPT

        

        Email:
        cmbstrustee@wilmingtontrust.com

         

	Wells
    Fargo Bank, National Association

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention:  Corporate Trust Services – CPTS 2019-CPT	Morgan
                                         Stanley Mortgage Capital Holdings LLC

        

        1585
        Broadway

        

        New
        York, New York 10036

        

        Attention:
        Jane Lam

	Wells
                                         Fargo Bank, National Association

                                         Commercial Mortgage Servicing

                                         Three Wells Fargo

                                         401 South Tryon Street, 8th Floor

                                         MAC D1050-084

                                         Charlotte, North Carolina 28202

                                         Attention: CPTS 2019-CPT Asset Manager

                                         Email: commercial.servicing@wellsfargo.com

         

        Wells
        Fargo Bank, National Association

        301 South College St.

        Charlotte, North Carolina 28202

        Attention: CPTS 2019-CPT

        

        Wells Fargo Legal Department

        MAC: D1086-341

        550 S Tryon Street, 34th Floor

        Charlotte, North Carolina, 28202-4200

        Attention: Troy B. Stoddard, Esq., Senior Counsel

        

        Wells Fargo Bank, National Association

        10 South Wacker Drive, 32nd Floor

        Chicago, Illinois 60606

        Attention: Jacqueline Gelman

        Email: jacqueline.m.gelman@wellsfargo.com

        
	Morgan
                                         Stanley Mortgage Capital Holdings LLC

        

        1633
        Broadway, 29th Floor

        

        New
        York, New York 10019

        

        Attention:
        Legal Compliance Division

         

        with
        a copy via e-mail to:

         

        E-mail:
        cmbs_notices@morganstanley.com

         

        German
        American Capital Corporation

        60 Wall Street

        New York, New York 10005

        Attention: Helaine M. Kaplan

        

        with a copy via e-mail to:

        

        E-mail: cmbs.request@db.com

         

 

    N-1-1

     

    

 

		Re:	CPTS
                                         2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates

 

In
accordance with Section 2.02 of the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Agreement”)
and executed in connection with the CPTS 2019-CPT securitization transaction, the Custodian hereby certifies that, with respect
to the Trust Loan listed on the Mortgage Loan Schedule attached hereto as Schedule A, (a) the Custodian has in its possession
the Notes, and (b) the foregoing documents delivered or caused to be delivered by the Trust Loan Sellers as described in clause
(a) above have been reviewed by it and appear regular on their face, appear to be executed and purport to relate to the Whole
Loan, except as identified on the schedule attached hereto, and each of the documents specified in Section 2.01(a)(i) of
the Agreement have been received, have been executed, appear to be what they purport to be, purport to be recorded or filed (as
applicable) and have not been torn or mutilated or otherwise defaced, and that such documents relate to the Whole Loan identified
in the Mortgage Loan Schedule.

 

Capitalized
terms used but not defined herein shall the respective meanings set forth in the Agreement.

 

    N-1-2

     

    

 

	 	wells
                                         fargo bank, national association,

                                         not in its individual capacity

                                         but solely as Custodian
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

    N-1-3

     

    

SCHEDULE A 

TO CLOSING DATE CUSTODIAN CERTIFICATION

 

MORTGAGE
LOAN SCHEDULE

 

    N-1-4

     

    

 

SCHEDULE

TO CLOSING DATE CUSTODIAN CERTIFICATION

 

Exceptions
to the Mortgage File Delivery and Review

 

    N-1-5

     

    

 

EXHIBIT
N-2

 

FORM
OF POST-CLOSING CUSTODIAN CERTIFICATION

 

[Date]

 

	Deutsche
                                         Mortgage & Asset Receiving 
 Corporation
 60 Wall Street
 New York, New
                                         York  10005
 Attention:  Helaine M. Kaplan

                                                                                 

                                                                                Wells
                                         Fargo Bank, National Association
 9062 Old Annapolis Road
 Columbia, Maryland 21045

                                         Attention:  Corporate Trust Services – CPTS

                                         2019-CPT

                                                                                 

                                                                                Wells
                                         Fargo Bank, National Association
 Commercial Mortgage Servicing
 Three Wells Fargo
                                         
 401 South Tryon Street, 8th Floor
 MAC D1050-084
 Charlotte, North Carolina
                                         28202
 Attention: CPTS 2019-CPT Asset Manager 
 Email: commercial.servicing@wellsfargo.com

                                                                                 

                                                                                Wells
                                         Fargo Bank, National Association
 301 South College St.
 Charlotte, North Carolina
                                         28202
 Attention: CPTS 2019-CPT
 
 Wells Fargo Legal Department
 MAC: D1086-341

                                         550 S Tryon Street, 34th Floor
 Charlotte, North Carolina, 28202-4200
 Attention:
                                         Troy B. Stoddard, Esq., Senior

                                         Counsel 
 
 Wells Fargo Bank, National Association
 10 South Wacker Drive, 32nd
                                         Floor
 Chicago, Illinois 60606
 Attention: Jacqueline Gelman
 Email: jacqueline.m.gelman@wellsfargo.com

                                                                                
	Wilmington
                                         Trust, National Association
 1100 North Market Street

                                         Wilmington, Delaware 19890 

                                         Facsimile Number: (302) 630-4140 

                                         Attention: CMBS Trustee – CPTS 2019-CPT

                                                                                                      

                                                                                                     Email:
                                         cmbstrustee@wilmingtonrust.com

                                                                                 

                                                                                Morgan
                                         Stanley Mortgage Capital Holdings

                                         LLC 

                                         1585 Broadway 

                                         New York, New York 10036 

                                         Attention: Jane Lam

                                                                                 

                                                                                with
                                         a copy to:

                                                                                 

                                                                                Morgan
                                         Stanley Mortgage Capital Holdings 

                                         LLC 

                                         1633 Broadway, 29th Floor 

                                         New York, New York 10019 

                                         Attention: Legal Compliance Division

                                                                                 

                                                                                with
                                         a copy via e-mail to:

                                                                                 

                                                                                E-mail:
                                         cmbs_notices@morganstanley.com

                                                                                 

                                                                                German
                                         American Capital Corporation 
 60 Wall Street
 New York, New York  10005

                                         Attention:  Helaine M. Kaplan
 
 with a copy via e-mail to:
 
 E-mail:
                                         cmbs.request@db.com

 

    N-2-1

     

    

 

		Re:	CPTS
                                         2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates

 

In
accordance with Section 2.02 of the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Agreement”)
and executed in connection with the CPTS 2019-CPT securitization transaction, the Custodian hereby certifies, subject to the terms
of the Agreement, that, with respect to the Trust Loan listed on the Mortgage Loan Schedule attached hereto as Schedule A, all
documents (other than documents referred to in clauses (xix) and (xx) of Section 2.01(a) of the Agreement,
the documents referred to in clauses (iii), (v)(B) and (viii) of Section 2.01(a) of the Agreement
and the assignments of financing statements referred to in clause (xiv) of Section 2.01(a) of the Agreement) referred
to in Section 2.01(a) of the Agreement (in the case of the documents referred to in Section 2.01(a)(iv), (v),
(vi), (vii) (in the case of any endorsement thereto), (viii) and (ix) through (xxi) of the
Agreement, as identified to it in writing as a document required to be delivered by the Trust Loan Sellers) and any original recorded
documents included in the delivery of the Mortgage File have been received, have been executed, appear to be what they purport
to be, purport to be recorded or filed (as applicable) and have not been torn in any materially adverse manner or mutilated or
otherwise defaced, and that such documents relate to the Whole Loan identified in the Mortgage Loan Schedule, in each case, except
as set forth on the attached schedule hereto.

 

Capitalized
terms used but not defined herein shall the respective meanings set forth in the Agreement.

 

	 	wells
                                         fargo bank, national association,

	 	 	not
                                         in its individual capacity
 but solely as Custodian
	 	 	 	 
	 	 	By: 	 
	 	 	Name:	
	 	 	Title:	

 

    N-2-2

     

    

SCHEDULE A 

TO POST-CLOSING CUSTODIAN CERTIFICATION

 

MORTGAGE
LOAN SCHEDULE

 

    N-2-3

     

    

 

EXHIBIT
O

 

FORM
OF NRSRO CERTIFICATION

 

[Date]

 

Wells
Fargo Bank, National Association,

as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – CPTS 2019-CPT

 

		Attention:	Deutsche
                                         Mortgage & Asset Receiving Corporation, CPTS 2019-CPT Mortgage Trust Commercial Mortgage
                                         Pass-Through Certificates

 

In
accordance with the requirements for obtaining certain information pursuant to the Trust and Servicing Agreement, dated as of
November 9, 2019 (the “Trust and Servicing Agreement”) and executed in connection with the CPTS 2019-CPT securitization
transaction, with respect to the above-referenced certificates (the “Certificates”), the undersigned hereby
certifies and agrees as follows:

 

		1.	The
                                         undersigned is either:

 

		(a)	a
                                         Rating Agency under the Trust and Servicing Agreement, or

 

		(b)	a
                                         nationally recognized statistical rating organization and either (x) has provided the
                                         Depositor with the appropriate certifications under Exchange Act Rule 17g-5(e), had access
                                         to the Depositor’s 17g-5 website prior to the Closing Date, is requesting access
                                         pursuant to the Trust and Servicing Agreement to certain information (the “Information”)
                                         on such 17g-5 website pursuant to the provisions of the Trust and Servicing Agreement,
                                         and agrees that any confidentiality agreement applicable to the undersigned with respect
                                         to the information obtained from the Depositor’s 17g-5 website prior to the Closing
                                         Date shall also be applicable to information obtained from the 17g-5 Information Provider’s
                                         Website (including without limitation, to any information received by the Depositor for
                                         posting on the 17g-5 Information Provider’s Website), or (y), if the undersigned
                                         did not have access to the Depositor’s 17g-5 website prior to the Closing Date,
                                         it hereby agrees that it shall be bound by the provisions of the confidentiality agreement
                                         attached hereto as Annex A which shall be applicable to it with respect to any
                                         information obtained from the 17g-5 Information Provider’s Website, including any
                                         information that is obtained from the section of the 17g-5 Information Provider’s
                                         Website that hosts the Depositor’s 17g-5 website after the Closing Date.

 

		2.	[The
                                         undersigned either (a) has not accessed information pursuant to Rule 17g–5(a)(3)
                                         ten (10) or more times during the most recently ended calendar year, or (b) has determined
                                         and maintained credit ratings for at least 10% of the issued securities and money market
                                         instruments for which it accessed information pursuant to Rule 17g–

 

    O-1

     

    

 

		 	5(a)(3)(iii)
                                         in the calendar year prior to the year covered by the SEC Certification, if it accessed
                                         such information for 10 or more issued securities or money market instruments.]

 

		3.	The
                                         undersigned agrees that each time it accesses the 17g-5 Information Provider’s
                                         Website, it shall be deemed to have recertified that the representations above remain
                                         true and correct.

 

Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Trust and Servicing Agreement.

 

    O-2

     

    

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be
signed hereto by its duly authorized signatory, as of the date certified.

  

		[Nationally
                                         Recognized Statistical Rating Organization]
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 
	 	 	 
	 	Company:	 
	 	 	 
	 	Phone:	 
	 	 	 
	 	Email:	 
	 	 	 	 

 

    O-3

     

    

 

Annex
A

CONFIDENTIALITY
AGREEMENT

 

This
Confidentiality Agreement (the “Confidentiality Agreement”) is made in connection with the [Depositor] together
with its affiliates, the “Furnishing Entities” and each a “Furnishing Entity”) furnishing
certain financial, operational, structural and other information relating to the issuance of the CPTS 2019-CPT Mortgage Trust
Commercial Mortgage Pass-Through Certificates (the “Certificates”) pursuant to the Trust and Servicing Agreement,
dated as of November 9, 2019 (the “Trust and Servicing Agreement”), by and among Deutsche Mortgage & Asset
Receiving Corporation, as Depositor, Wells Fargo Bank, National Association, as Master Servicer, CWCapital Asset Management LLC,
as Special Servicer, Wilmington Trust, National Association, as Trustee and Wells Fargo Bank, National Association, as Certificate
Administrator, and the assets underlying or referenced by the Certificates, including the identity of, and financial information
with respect to borrowers, sponsors, guarantors, managers and lessees with respect to such assets (together, the “Collateral”)
to you (the “NRSRO”) through the website of Wells Fargo Bank, National Association, as 17g-5 Information Provider
under the Trust and Servicing Agreement, including the [section of the 17g-5 Information Provider’s website that hosts the
Depositor’s 17g-5 website after the Closing Date (as defined in the Trust and Servicing Agreement)]. Information provided
by each Furnishing Entity is labeled as provided by the specific Furnishing Entity.

 

Definition
of Confidential Information. For purposes of this Confidentiality Agreement, the term “Confidential Information”
shall include the following information (irrespective of its source or form of communication, including information obtained by
you through access to this site) that may be furnished to you by or on behalf of a Furnishing Entity in connection with the issuance
or monitoring of a rating with respect to the Certificates: (x) all data, reports, interpretations, forecasts, records, agreements,
legal documents and other information (such information, the “Evaluation Material”) and (y)  any of the
terms, conditions or other facts with respect to the transactions contemplated by the Trust and Servicing Agreement, including
the status thereof; provided, however, that the term Confidential Information shall not include information which:

 

was
or becomes generally available to the public (including through filing with the Securities and Exchange Commission or disclosure
in an offering document) other than as a result of a disclosure by you or a NRSRO Representative (as defined in Section 2(c)(i)
below) in violation of this Confidentiality Agreement;

 

was
or is lawfully obtained by you from a source other than a Furnishing Entity or its representatives that (i) is reasonably
believed by you to be under no obligation to maintain the information as confidential and (ii) provides it to you without
any obligation to maintain the information as confidential; or is independently developed by the NRSRO without reference to any
Confidential Information.

 

Information
to Be Held in Confidence.

 

    O-4

     

    

 

You
will use the Confidential Information solely for the purpose of determining or monitoring a credit rating on the Certificates
and, to the extent that any information used is derived from but does not reveal any Confidential Information, for benchmarking,
modeling or research purposes (the “Intended Purpose”).

 

You
acknowledge that you are aware that the United States and state securities laws impose restrictions on trading in securities when
in possession of material, non-public information and that the NRSRO will advise (through policy manuals or otherwise) each NRSRO
Representative who is informed of the matters that are the subject of this Confidentiality Agreement to that effect.

 

You
will treat the Confidential Information as private and confidential. Subject to Section 4, without the prior written consent of
the applicable Furnishing Entity, you will not disclose to any person any Confidential Information, whether such Confidential
Information was furnished to you before, on or after the date of this Confidentiality Agreement. Notwithstanding the foregoing,
you may:

 

disclose
the Confidential Information to any of the NRSRO’s affiliates, directors, officers, employees, legal representatives, agents
and advisors (each, a “NRSRO Representative”) who, in the reasonable judgment of the NRSRO, need to know such
Confidential Information in connection with the Intended Purpose; provided, that, prior to disclosure of the Confidential
Information to a NRSRO Representative, the NRSRO shall have taken reasonable precautions to ensure, and shall be satisfied, that
such NRSRO Representative will act in accordance with this Confidentiality Agreement;

 

solely
to the extent required for compliance with Rule 17g-5(a)(3) of the Act (17 C.F.R. 240.17g-5), post the Confidential Information
to the NRSRO’s password protected website; and

 

use
information derived from the Confidential Information in connection with an Intended Purpose, if such derived information does
not reveal any Confidential Information.

 

Disclosures
Required by Law. If you or any NRSRO Representative is requested or required (orally or in writing, by interrogatory,
subpoena, civil investigatory demand, request for information or documents, deposition or similar process relating to any legal
proceeding, investigation, hearing or otherwise) to disclose any Confidential Information, you agree to provide the relevant Furnishing
Entity with notice as soon as practicable (except in the case of regulatory or other governmental inquiry, examination or investigation,
and otherwise to the extent practical and permitted by law, regulation or regulatory or other governmental authority) that a request
to disclose the Confidential Information has been made so that the relevant Furnishing Entity may seek an appropriate protective
order or other reasonable assurance that confidential treatment will be accorded the Confidential Information if it so chooses.
Unless otherwise required by a court or other governmental or regulatory authority to do so, and provided that you been informed
by written notice that the related Furnishing Entity is seeking a protective order or other reasonable assurance for confidential
treatment with respect to the

 

    O-5

     

    

 

requested
Confidential Information, you agree not to disclose the Confidential Information while the Furnishing Entity’s effort to
obtain such a protective order or other reasonable assurance for confidential treatment is pending. You agree to reasonably cooperate
with each Furnishing Entity in its efforts to obtain a protective order or other reasonable assurance that confidential treatment
will be accorded to the portion of the Confidential Information that is being disclosed, at the sole expense of such Furnishing
Entity; provided, however, that in no event shall the NRSRO be required to take a position that such information
should be entitled to receive such a protective order or reasonable assurance as to confidential treatment. If a Furnishing Entity
succeeds in obtaining a protective order or other remedy, you agree to comply with its terms with respect to the disclosure of
the Confidential Information, at the sole expense of such Furnishing Entity. If a protective order or other remedy is not obtained
or if the relevant Furnishing Entity waives compliance with the provisions of this Confidentiality Agreement in writing, you agree
to furnish only such information as you are legally required to disclose, at the sole expense of the relevant Furnishing Entity.

 

Obligation
to Return Evaluation Material. Promptly upon written request by or on behalf of the relevant Furnishing Entity,
all material or documents, including copies thereof, that contain Evaluation Material will be destroyed or, in your sole discretion,
returned to the relevant Furnishing Entity. Notwithstanding the foregoing, (a) the NRSRO may retain one or more copies of
any document or other material containing Evaluation Material to the extent necessary for legal or regulatory compliance (or compliance
with the NRSRO’s internal policies and procedures designed to ensure legal or regulatory compliance) and (b) the NRSRO
may retain any portion of the Evaluation Material that may be found in backup tapes or other archive or electronic media or other
documents prepared by the NRSRO and any Evaluation Material obtained in an oral communication; provided, that any Evaluation
Material so retained by the NRSRO will remain subject to this Confidentiality Agreement and the NRSRO will remain bound by the
terms of this Confidentiality Agreement.

 

Violations
of this Confidentiality Agreement. The NRSRO will be responsible for any breach of this Confidentiality Agreement
by you, the NRSRO or any NRSRO Representative.

 

You
agree promptly to advise each relevant Furnishing Entity in writing of any misappropriation or unauthorized disclosure or use
by any person of the Confidential Information which may come to your attention and to take all steps reasonably requested by such
Furnishing Entity to limit, stop or otherwise remedy such misappropriation, or unauthorized disclosure or use.

 

You
acknowledge and agree that the Furnishing Entities would not have an adequate remedy at law and would be irreparably harmed in
the event that any of the provisions of this Confidentiality Agreement were not performed in accordance with their specific terms
or were otherwise breached. It is accordingly agreed that each Furnishing Entity shall be entitled to specific performance and
injunctive relief to prevent breaches of this Confidentiality Agreement and to specifically enforce the terms and provisions hereof,
in addition to any other remedy to which a Furnishing Entity may be entitled at law or in equity. It is further understood and
agreed that no failure to or delay in exercising any right, power or privilege hereunder shall preclude any other or further exercise
of any right, power or privilege.

 

    O-6

     

    

 

Term.
Notwithstanding the termination or cancellation of this Confidentiality Agreement and regardless of whether the NRSRO has
provided a credit rating on a Security, your obligations under this Confidentiality Agreement will survive indefinitely.

 

Governing
Law. This Confidentiality Agreement and any claim, controversy or dispute arising under the Confidentiality Agreement,
the relationships of the parties and/or the interpretation and enforcement of the rights and duties of the parties shall be governed
by and construed in accordance with the laws of the State of New York applicable to agreements made and to be performed within
such State.

 

Amendments.
This Confidentiality Agreement may be modified or waived only by a separate writing by the NRSRO and each Furnishing Entity.

 

Entire
Agreement. This Confidentiality Agreement represents the entire agreement between you and the Furnishing Entities
relating to the treatment of Confidential Information heretofore or hereafter reviewed or inspected by you. This agreement supersedes
all other understandings and agreements between us relating to such matters; provided, however, that, if the terms
of this Confidentiality Agreement conflict with another agreement relating to the Confidential Information that specifically states
that the terms of such agreement shall supersede, modify or amend the terms of this Confidentiality Agreement, then to the extent
the terms of this Confidentiality Agreement conflict with such agreement, the terms of such agreement shall control notwithstanding
acceptance by you of the terms hereof by entry into this website.

 

Contact
Information. Notices for each Furnishing Entity under this Confidentiality Agreement, shall be directed as set
forth below:

 

[_________________]

  

    O-7

     

    

 

EXHIBIT
P-1

 

FORM
OF TRANSFEROR CERTIFICATE

FOR TRANSFER OF THE EXCESS SERVICING FEE RIGHTS

 

[Date]

 

Deutsche
Mortgage & Asset Receiving Corporation

60 Wall Street

New York, New York 10005

Attention: Helaine M. Kaplan

with
a copy via e-mail to cmbs.requests@db.com

 

		Re:	Deutsche
                                         Mortgage & Asset Receiving Corporation, CPTS 2019-CPT Mortgage Trust Commercial Mortgage
                                         Pass-Through Certificates

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by [_____] (the “Transferor”) to [_____] (the “Transferee”)
of the Excess Servicing Fee Right established under the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust
and Servicing Agreement”) and executed in connection with the CPTS 2019-CPT securitization transaction. All capitalized
terms used but not otherwise defined herein shall have the respective meanings set forth in the Trust and Servicing Agreement.
The Transferee hereby certifies, represents and warrants to you, as Depositor, that:

 

1.       The
Transferor is the lawful owner of the right to receive the Excess Servicing Fees with respect to the Whole Loan for which [_____]
is the Master Servicer (the “Excess Servicing Fee Right”), with the full right to transfer the Excess Servicing
Fee Right free from any and all claims and encumbrances whatsoever.

 

2.       Neither
the Transferor nor anyone acting on its behalf has (a) offered, transferred, pledged, sold or otherwise disposed of the Excess
Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar security to any person in any manner,
(b) solicited any offer to buy or accept a transfer, pledge or other disposition of the Excess Servicing Fee Right, any interest
in the Excess Servicing Fee Right or any other similar security from any person in any manner, (c) otherwise approached or negotiated
with respect to the Excess Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar security with
any person in any manner, (d) made any general solicitation with respect to the Excess Servicing Fee Right, any interest in the
Excess Servicing Fee Right or any other similar security by means of general advertising or in any other manner, or (e) taken
any other action, which (in the case of any of the acts described in clauses (a) through (e) hereof) would constitute a distribution
of the Excess Servicing Fee Right under the Securities Act of 1933, as amended (the “Securities Act”), or would
render the disposition of the Excess Servicing Fee Right a violation of Section 5 of the Securities Act or any state securities
laws, or would require registration or qualification of the Excess Servicing Fee Right pursuant to the Securities Act or any state
securities laws.

 

    P-1-1

     

    

 

	 	Very
                                         truly yours,
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

    P-1-2

     

    

 

EXHIBIT
P-2

 

FORM
OF TRANSFEREE CERTIFICATE

FOR TRANSFER OF THE EXCESS SERVICING FEE RIGHTS

 

[Date]

 

Deutsche
Mortgage & Asset Receiving Corporation

60 Wall Street

New York, New York 10005

Attention: Helaine M. Kaplan

with
a copy via e-mail to cmbs.requests@db.com

 

Wells
Fargo Bank, National Association

Commercial Mortgage Servicing

Three Wells Fargo

401 South Tryon Street, 8th Floor

MAC D1050-084

Charlotte, North Carolina 28202

Attention: CPTS 2019-CPT Asset Manager

Email: commercial.servicing@wellsfargo.com

 

		Re:	Deutsche
                                         Mortgage & Asset Receiving Corporation, CPTS 2019-CPT Mortgage Trust Commercial Mortgage
                                         Pass-Through Certificates

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by [_____] (the “Transferor”) to [_____] (the “Transferee”)
of the Excess Servicing Fee Right established under the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust
and Servicing Agreement”) and executed in connection with the CPTS 2019-CPT securitization transaction. All capitalized
terms used but not otherwise defined herein shall have the respective meanings set forth in the Trust and Servicing Agreement.
The Transferee hereby certifies, represents and warrants to you, as the Depositor and the Master Servicer, that:

 

1.       The
Transferee is acquiring the right to receive Excess Servicing Fees with respect to the Whole Loan as to which [_____] is the applicable
Master Servicer (the “Excess Servicing Fee Right”) for its own account for investment and not with a view to
or for sale or transfer in connection with any distribution thereof, in whole or in part, in any manner which would violate the
Securities Act of 1933, as amended (the “Securities Act”), or any applicable state securities laws.

 

2.       The
Transferee understands that (a) the Excess Servicing Fee Right has not been and will not be registered under the Securities Act
or registered or qualified under any applicable state securities laws, (b) none of the Depositor, the Trustee, Certificate Administrator
or the Certificate Registrar is obligated so to register or qualify the Excess Servicing Fee Right, and (c) the Excess Servicing
Fee Right may not be resold or transferred unless it is (i) registered pursuant to the Securities Act and registered or qualified
pursuant to any applicable state

 

    P-2-1

     

    

 

securities
laws or (ii) sold or transferred in transactions which are exempt from such registration and qualification and (A) the Depositor
has received a certificate from the prospective transferor substantially in the form attached as Exhibit P-1 to the Trust and
Servicing Agreement, and (B) each of the Master Servicer and the Depositor have received a certificate from the prospective transferee
substantially in the form attached as Exhibit P-2 to the Trust and Servicing Agreement.

 

3.       The
Transferee understands that it may not sell or otherwise transfer the Excess Servicing Fee Right or any interest therein except
in compliance with the provisions of Section 3.12 of the Trust and Servicing Agreement, which provisions it has carefully reviewed.

 

4.       Neither
the Transferee nor anyone acting on its behalf has (a) offered, pledged, sold, disposed of or otherwise transferred the Excess
Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar security to any person in any manner,
(b) solicited any offer to buy or accept a pledge, disposition or other transfer of the Excess Servicing Fee Right, any interest
in the Excess Servicing Fee Right or any other similar security from any person in any manner, (c) otherwise approached or negotiated
with respect to the Excess Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar security with
any person in any manner, (d) made any general solicitation with respect to the Excess Servicing Fee Right, any interest in the
Excess Servicing Fee Right or any other similar security by means of general advertising or in any other manner, or (e) taken
any other action with respect to the Excess Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar
security, which (in the case of any of the acts described in clauses (a) through (e) above) would constitute a distribution of
the Excess Servicing Fee Right under the Securities Act, would render the disposition of the Excess Servicing Fee Right a violation
of Section 5 of the Securities Act or any state securities law or would require registration or qualification of the Excess Servicing
Fee Right pursuant thereto. The Transferee will not act, nor has it authorized or will it authorize any person to act, in any
manner set forth in the foregoing sentence with respect to the Excess Servicing Fee Right, any interest in the Excess Servicing
Fee Right or any other similar security.

 

5.       The
Transferee has been furnished with all information regarding (a) the Depositor, (b) the Excess Servicing Fee Right and any payments
thereon, (c) the Trust and Servicing Agreement and the Trust Fund created pursuant thereto, (d) the nature, performance and servicing
of the Whole Loan, and (e) all related matters that it has requested.

 

6.       The
Transferee is (a) a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act or (b)
an “accredited investor” as defined in any of paragraphs (1), (2), (3) and (7) of Rule 501(a) under the Securities
Act or an entity in which all of the equity owners are “accredited investors” as defined in any of paragraphs (1),
(2), (3) and (7) of Rule 501(a) under the Securities Act. The Transferee has such knowledge and experience in financial and business
matters as to be capable of evaluating the merits and risks of an investment in the Excess Servicing Fee Right; the Transferee
has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment decision; and the
Transferee is able to bear the economic risks of such investment and can afford a complete loss of such investment.

 

    P-2-2

     

    

 

7.       The
Transferee agrees (i) to keep all information relating to the Trust, the Trust Fund and the parties to the Trust and Servicing
Agreement, and made available to it, confidential, (ii) not to use or disclose such information in any manner which could result
in a violation of any provision of the Securities Act or would require registration of the Excess Servicing Fee Right or any Certificate
pursuant to the Securities Act, and (iii) not to disclose such information, and to cause its officers, directors, partners, employees,
agents or representatives not to disclose such information, in any manner whatsoever, in whole or in part, to any other Person
other than such holder’s auditors, legal counsel and regulators, except to the extent such disclosure is required by law,
court order or other legal requirement or to the extent such information is of public knowledge at the time of disclosure by such
holder or has become generally available to the public other than as a result of disclosure by such holder; provided, however,
that such holder may provide all or any part of such information to any other Person who is contemplating an acquisition of the
Excess Servicing Fee Right if, and only if, such Person (x) confirms in writing such prospective acquisition and (y) agrees in
writing to keep such information confidential, not to use or disclose such information in any manner which could result in a violation
of any provision of the Securities Act or would require registration of the Excess Servicing Fee Right or any Certificates pursuant
to the Securities Act and not to disclose such information, and to cause its officers, directors, partners, employees, agents
or representatives not to disclose such information, in any manner whatsoever, in whole or in part, to any other Person other
than such Persons’ auditors, legal counsel and regulators.

 

8.       The
Transferee acknowledges that the holder of the Excess Servicing Fee Right shall not have any rights under the Trust and Servicing
Agreement except as set forth in Section 3.12(a) of the Trust and Servicing Agreement, and that the Excess Servicing Fee Rate
may be reduced to the extent provided in the Trust and Servicing Agreement.

 

	 	Very
                                         truly yours,
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

    P-2-3

     

    

 

EXHIBIT
Q

 

FORM
OF POWER OF ATTORNEY BY TRUSTEE FOR MASTER SERVICER AND SPECIAL SERVICER

 

RECORDING
REQUESTED BY:

 

{insert address}

 

 

SPACE
ABOVE THIS LINE FOR RECORDER’S USE

 

LIMITED
POWER OF ATTORNEY

 

KNOW
ALL MEN BY THESE PRESENTS, that Wilmington Trust, National Association, a national banking association, incorporated and existing
under the laws of the United States, having its usual place of business at 1100 North Market Street, Wilmington, Delaware 19890
as Trustee (the “Trustee”) pursuant to that Trust and Servicing Agreement dated as of November 9, 2019 (the
“Agreement”) by and among Deutsche Mortgage & Asset Receiving Corporation, as depositor, Wells Fargo Bank,
National Association, as master servicer (in such capacity, the “Master Servicer”), CWCapital Asset Management
LLC, as special servicer (the “Special Servicer”), Wells Fargo Bank, National Association, as Certificate Administrator,
and Wilmington Trust, National Association, as the Trustee, and the Trustee hereby constitutes and appoints the [Master][Special]
Servicer, by and through the [Master][Special] Servicer officers, the Trustee’s true and lawful Attorney-in-Fact, in the
Trustee’s name, place and stead and for the Trustee’s benefit, in connection with the mortgage loan (the “Trust
Loan”) serviced by the Servicer and the property (“[REO] Property”) administered by the [Master][Special]
Servicer pursuant to the Agreement, to execute and acknowledge in writing or by facsimile stamp all documents customarily and
reasonably necessary and appropriate to effectuate the enumerated transactions described in items 1 through 12 below with respect
to the Trust Loan and the [REO] Property; provided however, that the documents described below may only be executed and delivered
by such Attorneys-in-Fact if such documents are required or permitted under the Agreement. Capitalized terms used herein and not
otherwise defined herein have the meanings set forth in the Agreement.

 

		1.	The
                                         endorsement on behalf of the Trustee of all checks, drafts and/or other negotiable instruments
                                         made payable to the Trustee and draw upon, replace, substitute, release or amend letters
                                         of credit standing as collateral securing the Whole Loan.

 

		2.	The
                                         modification or re-recording of a Mortgage or deed of trust, where said modification
                                         or re-recording is solely for the purpose of correcting the Mortgage or deed of trust
                                         to conform same to the original intent of the parties thereto or to correct title errors
                                         discovered after such title insurance was issued; provided that (i) said modification
                                         or re-recording, in either instance, does not adversely affect the lien of the Mortgage
                                         or deed of trust as insured and (ii) otherwise conforms to the provisions of the Agreement.

 

    Q-1

     

    

 

		3.	The
                                         subordination of the lien of a Mortgage or deed of trust to an easement in favor of a
                                         public utility company of a government agency or unit with powers of eminent domain;
                                         this section shall include, without limitation, the execution of partial satisfactions/releases,
                                         partial reconveyances or the execution or requests to trustees to accomplish same.

 

		4.	The
                                         conveyance of the property to the mortgage insurer, or the closing of the title to the
                                         property to be acquired as real estate owned, or conveyance of title to real estate owned.

 

		5.	The
                                         completion of loan assumption agreements.

 

		6.	The
                                         full satisfaction/release of a Mortgage or deed of trust or full conveyance upon payment
                                         and discharge of all sums secured thereby, including, without limitation, cancellation
                                         of the related Trust Note.

 

		7.	The
                                         assignment of any Mortgage or deed of trust and the related Trust Note, in connection
                                         with the repurchase of the mortgage loan secured and evidenced thereby.

 

		8.	The
                                         full assignment of a Mortgage or deed of trust upon payment and discharge of all sums
                                         secured thereby in conjunction with the refinancing thereof, including, without limitation,
                                         the assignment of the related Trust Note.

 

		9.	The
                                         full enforcement of and preservation of the Trustee’s interests in the Trust Notes,
                                         Mortgages or deeds of trust, and in the proceeds thereof, by way of, including but not
                                         limited to, foreclosure, the taking of a deed in lieu of foreclosure, or the completion
                                         of judicial or non-judicial foreclosure or the termination, cancellation or rescission
                                         of any such foreclosure, the initiation, prosecution and completion of eviction actions
                                         or proceedings with respect to, or the termination, cancellation or rescission of any
                                         such eviction actions or proceedings, and the pursuit of title insurance, hazard insurance
                                         and claims in bankruptcy proceedings, including, without limitation, any and all of the
                                         following acts:

 

		a.	the
                                         substitution of trustee(s) serving under a deed of trust, in accordance with state law
                                         and the deed of trust;

 

		b.	the
                                         preparation and issuance of statements of breach or non-performance;

 

		c.	the
                                         preparation and filing of notices of default and/or notices of sale;

 

		d.	the
                                         cancellation/rescission of notices of default and/or notices of sale;

 

		e.	the
                                         taking of deed in lieu of foreclosure;

 

		f.	the
                                         filing, prosecution and defense of claims, and to appear on behalf of the Trustee, in
                                         bankruptcy cases affecting Trust Notes, Mortgages or deeds of trust;

 

    Q-2

     

    

 

		g.	the
                                         preparation and service of notices to quit and all other documents necessary to initiate,
                                         prosecute and complete eviction actions or proceedings;

 

		h.	the
                                         tendering, filing, prosecution and defense, as applicable, of hazard insurance and title
                                         insurance claims, including but not limited to appearing on behalf of the Trustee in
                                         quiet title actions; and

 

		i.	the
                                         preparation and execution of such other documents and performance of such other actions
                                         as may be necessary under the terms of the Mortgage, deed of trust or state law to expeditiously
                                         complete said transactions in paragraphs 9.a. through 9.h. above.

 

		10.	With
                                         respect to the sale of property acquired through a foreclosure or deed-in lieu of foreclosure,
                                         including, without limitation, the execution of the following documentation:

 

		a.	listing
                                         agreements;

 

		b.	purchase
                                         and sale agreements;

 

		c.	grant/warranty/quit
                                         claim deeds or any other deed causing the transfer of title of the property to a party
                                         contracted to purchase same;

 

		d.	escrow
                                         instructions; and

 

		e.	any
                                         and all documents necessary to effect the transfer of property.

 

		11.	The
                                         modification or amendment of escrow agreements established for repairs to the mortgaged
                                         property or reserves for replacement of personal property.

 

		12.	The
                                         execution and delivery of the following:

 

		a.	any
                                         and all financing statements, continuation statements and other documents or instruments
                                         necessary to maintain the lien created by the Mortgage, deed of trust or other security
                                         document in the Mortgage File or the Mortgaged Property and other related collateral;

 

		b.	any
                                         and all instruments of satisfaction or cancellation, or of partial or full release or
                                         discharge, or of partial or full defeasance, and all other comparable instruments; and

 

		c.	any
                                         and all assumptions, modifications, waivers, substitutions, extensions, amendments, consents
                                         to transfers of interests in borrowers, consents to any subordinate financings to be
                                         secured by the Mortgaged Property, consents to any mezzanine financing to be secured
                                         by the ownership interests in a borrower, consents to and monitoring of the application
                                         of any proceeds of insurance policies or condemnation awards to the restoration of the
                                         Mortgaged Property[, REO Property] or otherwise, documents relating to the management,
                                         operation, maintenance, repair, leasing and marketing of the Mortgaged Property (including
                                         agreements and requests

 

    Q-3

     

    

 

			by
                                         any borrower with respect to modifications of the standards of operation and management
                                         of the Mortgaged Property or the replacement of asset managers) or REO Properties, documents
                                         exercising any or all of the rights, powers and privileges granted or provided to the
                                         holder of the Mortgage Loan under the related loan documents, lease subordination agreements,
                                         non-disturbance and attornment agreements or other leasing or rental arrangements, any
                                         easements, covenants, conditions, restrictions, equitable servitudes, or land use or
                                         zoning requirements with respect to the Mortgaged Property [or REO Property], instruments
                                         relating to the custody of any collateral that now secures or hereafter may secure the
                                         Mortgage Loan and any other consents.

 

The
undersigned gives said Attorney-in-Fact full power and authority to execute such instruments and to do and perform all and every
act and thing necessary and proper to carry into effect the power or powers granted by or under this Limited Power of Attorney
as fully as the undersigned might or could do, and hereby does ratify and confirm to all that said Attorney-in-Fact shall be effective
as of the date set forth below.

 

This
appointment is to be construed and interpreted as a limited power of attorney. The enumeration of specific items, rights, acts
or powers herein is not intended to, nor does it give rise to, and it is not to be construed as a general power of attorney.

 

Solely
to the extent that the [Master][Special] Servicer has the power to delegate its rights or obligations under the Agreement, the
[Master][Special] Servicer also has the power to delegate the authority given to it by Wilmington Trust, National Association,
as Trustee, under this Limited Power of Attorney, for purposes of performing its obligations and duties by executing such additional
powers of attorney in favor of its attorneys-in-fact as are necessary for such purpose. The [Master][Special] Servicer’s attorneys-in-fact
shall have no greater authority than that held by the [Master][Special] Servicer.

 

Nothing
contained herein shall: (i) limit in any manner any indemnification provided to the Trustee under the Agreement, (ii) limit in
any manner the rights and protections afforded the Trustee under the Agreement, or (iii) be construed to grant the [Master][Special]
Servicer the power to initiate or defend any suit, litigation or proceeding in the name of Wilmington Trust, National Association
except as specifically provided for herein. If the [Master][Special] Servicer receives any notice of suit, litigation or proceeding
in the name of Wilmington Trust, National Association, then the [Master][Special] Servicer shall promptly forward a copy of same
to the Trustee.

 

This
limited power of attorney is not intended to extend the powers granted to the [Master][Special] Servicer under the Agreement or
to allow the [Master][Special] Servicer to take any action with respect to Mortgages, deeds of trust or Trust Notes not authorized
by the Agreement.

 

The
[Master][Special] Servicer hereby agrees to indemnify and hold the Trustee and its directors, officers, employees and agents harmless
from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
or disbursements of any

 

    Q-4

     

    

 

kind
or nature whatsoever incurred by reason or result of the negligent use, or negligent or willful misuse, of this Limited Power
of Attorney by the [Master][Special] Servicer. The foregoing indemnity shall survive the termination of this Limited Power of
Attorney and the Agreement or the earlier resignation or removal of the Trustee under the Agreement.

 

This
Limited Power of Attorney is entered into and shall be governed by the laws of the State of New York, without regard to conflicts
of law principles of such state.

 

Third
parties without actual notice may rely upon the exercise of the power granted under this Limited Power of Attorney; and may be
satisfied that this Limited Power of Attorney shall continue in full force and effect and has not been revoked unless an instrument
of revocation has been made in writing by the undersigned.

 

IN
WITNESS WHEREOF, Wilmington Trust, National Association, as Trustee for CPTS 2019-CPT Mortgage Trust has caused its corporate
seal to be hereto affixed and these presents to be signed and acknowledged in its name and behalf by a duly elected and authorized
signatory this ___________ day of ____________.

 

	 	Wilmington
                                         Trust, National Association,

as
Trustee for CPTS 2019-CPT Mortgage Trust

	 
	 	 	 	 
	 	By: 	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	Prepared
                                         by:	 
	 	 	 	 
	 	 	Name:	 

 

    Q-5

     

    

State
of Delaware}

County
of ____}

 

On
________________________, before me, _________________________________Notary Public, personally appeared
___________________________, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed
to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity and that by
his/her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the
instrument.

 

I
certify under PENALTY OF PERJURY under the laws of the State of Delaware that the foregoing paragraph is true and correct.

Witness
my hand and official seal.

 

		 	 
	Notary
signature	 	 

 

    Q-6

     

    

 

EXHIBIT
R

 

[RESERVED]

 

    R-1 

     

    

 

EXHIBIT
S

 

Form
of Certificate Administrator Receipt in Respect of 

Certificates Evidencing Some or All of the Class vrr 

certificates

 

[Date]

 

[Retaining
Party]

 

		Re:	CPTS
                                         2019-CPT Mortgage Trust Commercial Mortgage Pass-Through Certificates

 

In
accordance with Section 5.02(a) of the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Agreement”),
pursuant to which the captioned series of commercial mortgage pass-through certificates (the “Certificates”)
were issued, the undersigned, as Certificate Administrator, hereby acknowledges receipt and possession of, and further agrees
that it will hereafter hold in the Class VRR Certificates Safekeeping Account, the Certificates identified on Schedule I attached
hereto (the “Subject Certificates”), which constitute some or all of the Class VRR Certificates, for the benefit
of [Retaining Party], the registered holder of the Subject Certificates, pursuant to the Agreement. Payments on the Subject Certificates
will be made to the registered holder thereof in accordance with the Agreement, including pursuant to any written wiring instructions
provided in accordance with the Agreement.

 

This
receipt is solely for the benefit of the addressee and is non-transferable. Possession of this receipt by any other Person will
not entitle such Person to delivery of, or any rights in respect of, the Subject Certificates. The Subject Certificates are subject
to the restrictions on transfer set forth in, and may not be released from the Class VRR Certificates Safekeeping Account except
in accordance with, the Agreement.

 

    S-1 

     

    

 

Capitalized
terms used but not defined herein shall have the respective meanings set forth in the Agreement.

 

	 	Wells
    Fargo Bank, National Association,
	 	not
    in its individual capacity but solely as Certificate Administrator
	 	 
	 	By	 
	 	 	Name:
	 	 	Title:

 

    S-2 

     

    

 

Schedule
I

 

Certificates
Registered in the Name of [Retaining Party]

 

	Class

    (CUSIP)	 	Certificate

    No.	 	Initial

    Certificate Balance
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    S-3 

     

    

 

EXHIBIT
T

 

ADDITIONAL
FORM 10-D DISCLOSURE

 

For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the parties identified
in the “Party Responsible” column (with each Servicing Function Participant deemed to be responsible for the following
items for which the party that retained such Servicing Function Participant is responsible) are obligated pursuant to Section
11.04 of the Trust and Servicing Agreement to disclose to each Other Exchange Act Reporting Party and the Other Depositor
any information described in the corresponding Form 10-D Item described in the “Item on Form 10-D” column to the extent
such party has actual knowledge (and in the case of financial statements required to be provided in connection with Item 6 below,
possession) of such information (other than information as to itself). Each of the Certificate Administrator, the Paying Agent,
the Trustee, the Master Servicer, the Special Servicer (in its capacity as such), each Other Exchange Act Reporting Party and
the Other Depositor shall be entitled to rely on the accuracy of the Offering Circular and the offering materials with respect
to any related Other Securitization Trust (other than information with respect to itself that is set forth in or omitted from
such offering materials or the Offering Circular), in the absence of specific written notice to the contrary from the Depositor,
Other Depositor or Trust Loan Sellers. Each of the Certificate Administrator, the Paying Agent, the Trustee, the Master Servicer,
the Special Servicer (in its capacity as such), each Other Exchange Act Reporting Party and the Other Depositor shall be entitled
to conclusively assume that there is no “significant obligor” other than a party identified as such in the prospectus
supplement relating to the Other Securitization. For this CPTS 2019-CPT Trust and Servicing Agreement and any Other Securitization
Trust, each of the Certificate Administrator, the Paying Agent, the Trustee, the Master Servicer, the Special Servicer (in its
capacity as such), each Other Exchange Act Reporting Party and the Other Depositor shall be entitled to assume that there is no
provider of credit enhancement, liquidity or derivative instruments within the meaning of Items 1114 or 1115 of Regulation AB
other than a party identified as such in the Offering Circular and the offering materials with respect to any related Other Securitization
Trust.

 

	Item
    on Form 10-D	Party
    Responsible
	Item
    1: Distribution and Pool Performance Information: Only with respect to any information required by 1121 which is NOT included
    on the Distribution Date Statement	●     Each
        Master Servicer (only with respect to 1121(a)(12) as to non-Specially Serviced Loans)

         

        ●     Special
        Servicer (only with respect to 1121(a)(12) as to Specially Serviced Loans)

         

        ●     Depositor

         

        ●     Certificate
        Administrator

         

        ●     Each
Trust Loan Seller (only with respect to 1121(c)(2)) 

	Item
    2: Legal Proceedings:

    Item 1117 of Regulation AB (to the extent material to Certificateholders)	●     Master
        Servicer (as to itself)

         

        ●     Special
        Servicer (as to itself)

         

        ●     Trustee
        (as to itself)

         

        ●     Certificate
        Administrator (as to itself)

         

        ●     Depositor
(as to itself)

        

         

 

    T-1 

     

    

 

	 

     	 

        ●     Any
        other Reporting Servicer (as to itself)

         

        ●     Trustee/Certificate
        Administrator/Master Servicer/ Depositor/Special Servicer as to the Trust

         

        ●     Each
        Trust Loan Seller

         

        ●     Originators
        under Item 1110 of Regulation AB (to be provided by the Depositor)

         

        ●     Party
        under Item 1100(d)(1) of Regulation AB (to be provided by the Depositor)

         

	Item
    3: Sale of Securities and Use of Proceeds	●     Depositor
	Item
    4: Defaults Upon Senior Securities	●     Certificate
        Administrator

         

        ●     Trustee

         

	Item
    5: Submission of Matters to a Vote of Security Holders	●     Certificate
    Administrator
	Item
    6: Significant Obligors of Pool Assets	●     Master
    Servicer
	Item
    7: Significant Enhancement Provider Information	●     N/A
	Item
    8: Other Information (information required to be disclosed on Form 8-K that was not properly disclosed)	●     Any
    party responsible for disclosure items on Form 8-K to the extent of such items
	Item
    9: Exhibits	●     Depositor
        (exhibits required by Item 601 of Regulation S-K, such as material agreements)

         

        ●     Certificate
        Administrator (Monthly Statement to Certificateholders)

         

 

    T-2 

     

    

 

 

 

EXHIBIT
U

 

ADDITIONAL
FORM 10-K DISCLOSURE

 

For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the parties identified
in the “Party Responsible” column (with each Servicing Function Participant deemed to be responsible for the following
items for which the party that retained such Servicing Function Participant is responsible) are obligated pursuant to Section
11.05 of the Trust and Servicing Agreement to disclose to each Other Exchange Act Reporting Party and the Other Depositor
any information described in the corresponding Form 10-K Item described in the “Item on Form 10-K” column to the extent
such party has actual knowledge (and in the case of financial statements required to be provided in connection with 1112(b) below,
possession) of such information (other than information as to itself). Each of the Certificate Administrator, the Paying Agent,
the Trustee, the Master Servicer, the Special Servicer (in its capacity as such), each Other Exchange Act Reporting Party and
the Other Depositor shall be entitled to rely on the accuracy of the Offering Circular and the offering materials with respect
to any related Other Securitization Trust (other than information with respect to itself that is set forth in or omitted from
such offering materials or the Offering Circular), in the absence of specific written notice to the contrary from the Depositor,
the Other Depositor or Trust Loan Sellers. Each of the Certificate Administrator, the Paying Agent, the Trustee, the Master Servicer,
the Special Servicer (in its capacity as such), each Other Exchange Act Reporting Party and the Other Depositor shall be entitled
to conclusively assume that there is no “significant obligor” other than a party identified as such in the prospectus
supplement relating to the Other Securitization. For this CPTS 2019-CPT Trust and Servicing Agreement and any Other Securitization,
each of the Certificate Administrator, the Paying Agent, the Trustee, the Master Servicer, the Special Servicer (in its capacity
as such), each Other Exchange Act Reporting Party and the Other Depositor shall be entitled to assume that there is no provider
of credit enhancement, liquidity or derivative instruments within the meaning of Items 1114 or 1115 of Regulation AB other than
a party identified as such in the Offering Circular and the offering materials with respect to any related Other Securitization
Trust.

 

	Item
    on Form 10-K	Party
    Responsible
	Item
    1B: Unresolved Staff Comments	●     Depositor
	Item
    9B:  Other Information (information required to be disclosed on Form 8-K that was not properly disclosed)	●     Any
    party responsible for disclosure items on Form 8-K to the extent of such items
	Item
    15:  Exhibits, Financial Statement Schedules	●     Certificate
Administrator

        ●     Depositor

	Additional
    Item:

    Disclosure per Item 1112(b)(1) of Regulation AB	●     Master
    Servicer
	Additional
    Item:

    Disclosure per Items 1114(b)(2) and 1115(b) of Regulation AB	●     N/A

 

    U-1

     

    

 

	Additional
    Item:

    Disclosure per Item 1117 of Regulation AB (to the extent material to Certificateholders)	●     Master
Servicer (as to itself)

        ●     Special
Servicer (as to itself)

        ●     Certificate
Administrator (as to itself)

        ●     Trustee
(as to itself)

        ●     Depositor
(as to itself)

        ●     Any
other Reporting Servicer (as to itself)

        ●     Trustee/Certificate
Administrator/Master Servicer/Depositor/Special Servicer as to the Trust

        ●     Each
Trust Loan Seller

        ●     Originators
under Item 1110 of Regulation AB (to be provided by the Depositor)

        ●     Party
under Item 1100(d)(1) of Regulation AB (to be provided by the Depositor)

	Additional
    Item:

    Disclosure per Item 1119 of Regulation AB	●     Master
Servicer (as to itself) (to the extent material to Certificateholders and only as to affiliations under 1119(a) with the Trustee,
Certificate Administrator, Special Servicer or a sub-servicer meeting any of the descriptions in Item 1108(a)(3))

        ●     Special
Servicer (as to itself) (to the extent material to Certificateholders and only as to affiliations under 1119(a) with the Trustee,
Certificate Administrator, Master Servicer or a sub-servicer meeting any of the descriptions in Item 1108(a)(3))

        ●     Certificate
Administrator (as to itself) (to the extent material to Certificateholders)

        ●     Trustee
(as to itself) (to the extent material to Certificateholders)

        ●     Depositor
(as to itself)

        ●     Depositor
(as to the Trust)

        ●     Each
Trust Loan Seller

        ●     Originators
under Item 1110 of Regulation AB (to be provided by the Depositor)

        ●     Party
under Item 1100(d)(1) of Regulation AB (to be provided by the Depositor)

 

    U-2

     

    

 

EXHIBIT
V

 

FORM
8-K DISCLOSURE INFORMATION

 

For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the parties identified
in the “Party Responsible” column (with each Servicing Function Participant deemed to be responsible for the following
items for which the party that retained such Servicing Function Participant is responsible) are obligated pursuant to Section
11.06 of the Trust and Servicing Agreement to disclose to each Other Exchange Act Reporting Party and the Other Depositor
the occurrence of any event described in the corresponding Form 8-K Item described in the “Item on Form 8-K” column
to the extent such party has actual knowledge of such information (other than information as to itself). Each of the Certificate
Administrator, the Paying Agent, the Trustee, the Master Servicer, the Special Servicer (in its capacity as such), each Other
Exchange Act Reporting Party and the Other Depositor shall be entitled to rely on the accuracy of the Offering Circular and the
offering materials with respect to any related Other Securitization Trust (other than information with respect to itself that
is set forth in or omitted from such offering materials or the Offering Circular), in the absence of specific written notice to
the contrary from the Depositor, the Other Depositor or Trust Loan Sellers. Each of the Certificate Administrator, the Paying
Agent, the Trustee, the Master Servicer, the Special Servicer (in its capacity as such), each Other Exchange Act Reporting Party
and the Other Depositor shall be entitled to conclusively assume that there is no “significant obligor” other than
a party identified as such in the prospectus supplement relating to the Other Securitization. For this CPTS 2019-CPT Trust and
Servicing Agreement and any Other Securitization, each of the Certificate Administrator, the Paying Agent, the Trustee, the Master
Servicer, the Special Servicer (in its capacity as such), each Other Exchange Act Reporting Party and the Other Depositor shall
be entitled to assume that there is no provider of credit enhancement, liquidity or derivative instruments within the meaning
of Items 1114 or 1115 of Regulation AB other than a party identified as such in the Offering Circular and the offering materials
with respect to any related Other Securitization Trust.

 

	Item
    on Form 8-K	Party
    Responsible 
	Item
    1.01- Entry into a Material Definitive Agreement

    

    Disclosure is required regarding entry into or amendment of any definitive agreement that is material to the securitization,
    even if depositor is not a party.  

    

    Examples: servicing agreement, custodial agreement.	●     Trustee/Certificate
    Administrator/Master Servicer/Depositor/Special Servicer as to the Trust (only as to the agreements such entity is a party
    to or entered into on behalf of the Trust)
	Item
    1.02- Termination of a Material Definitive Agreement

    

    Disclosure is required regarding termination of  any definitive agreement that is material to the securitization
    (other than expiration in accordance with its terms), even if depositor is not a party.  

    

    Examples: servicing agreement, custodial agreement.	●     Trustee/Certificate
    Administrator/Master Servicer/Depositor/Special Servicer as to the Trust  (only as to the agreements such entity
    is a party to or entered into on behalf of the Trust)
	Item
    1.03- Bankruptcy or Receivership	●     Depositor

        ●     Each
Trust Loan Seller

 

    V-1

     

    

 

	Item
    on Form 8-K	Party
    Responsible 
	Item
    2.04- Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
    Arrangement

    

    Includes an early amortization, performance trigger or other event, including event of default, that would materially alter
    the payment priority/distribution of cash flows/amortization schedule.

    

    Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders.	●     Depositor

        ●     Certificate
        Administrator

         

	Item
    3.03- Material Modification to Rights of Security Holders

    

    Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the
    Trust and Servicing Agreement.	●     Certificate
    Administrator
	Item
    5.03- Amendments of Articles of Incorporation or Bylaws; Change of Fiscal Year

    

    Disclosure is required of any amendment “to the governing documents of the issuing entity”.	●     Depositor
	Item
    5.06 – Change in Shell Company Status	●     Depositor
	Item
    5.07 – Submission of Matters to a Vote of Security Holders	●     Depositor
	Item
    5.08 – Shareholder Director Nomination	●     Depositor
	Item
    6.01- ABS Informational and Computational Material	●     Depositor
	Item
    6.02- Change of Servicer or Trustee 

    

    Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other
    servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee.	●     Master
Servicer (as to itself or a servicer retained by it)

        ●     Special
Servicer (as to itself or a servicer retained by it)

        ●     Certificate
Administrator (as to itself or an entity retained by it)

        ●     Trustee

        ●     Depositor

	Reg
    AB disclosure about any new servicer or master servicer is also required.	●     Master
    Servicer or Special Servicer, as applicable
	Reg
    AB disclosure about any new Trustee is also required.	●     Trustee
	Reg
    AB disclosure about any new Certificate Administrator is also required.	●     Certificate
    Administrator
	Item
    6.03- Change in Credit Enhancement or Other External Support	N/A
	Item
    6.04- Failure to Make a Required Distribution	●     Certificate
    Administrator
	Item
    6.05- Securities Act Updating Disclosure	●     Depositor
	Item
    7.01- Regulation FD Disclosure	●     Depositor
	Item
    8.01 – Other Events

    

    Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance
    to certificateholders.	●     Depositor
	Item
    9.01 – Financial Statements and Exhibits	●     Responsible
    party for reporting/disclosing the financial statement or exhibit

 

    V-2

     

    

 

EXHIBIT
W

 

ADDITIONAL
DISCLOSURE NOTIFICATION

 

**SEND
VIA FAX TO (410)715-2380 AND VIA EMAIL TO 

cts.sec.notifications@wellsfargo.com AND VIA OVERNIGHT MAIL TO THE ADDRESSES 

IMMEDIATELY
BELOW**

 

[Other
Depositor Address]

 

[Each
Other Exchange Act Reporting Party Address]

 

		Re:	**Additional
                                         Form [10-D][10-K][8-K] Disclosure Required **

 

Ladies
and Gentlemen: 

 

In
accordance with Section [11.04][11.05][11.06] of the Trust and Servicing Agreement, dated as of November 9, 2019 (the “Trust
and Servicing Agreement”), entered into between Deutsche Mortgage & Asset Receiving Corporation, as depositor, Wells
Fargo Bank, National Association, as master servicer (in such capacity, the “Master Servicer”), CWCapital Asset
Management LLC, as special servicer (the “Special Servicer”), Wilmington Trust, National Association, as trustee
and Wells Fargo Bank, National Association, as certificate administrator (in such capacity, the “Certificate Administrator”),
paying agent and custodian, the undersigned, as                          ,
hereby notifies you that certain events have come to our attention that [will] [may] need to be disclosed on Form [10-D][10-K][8-K].

 

Description
of Additional Form [10-D][10-K][8-K] Disclosure:

 

    W-1

     

    

 

List
of any Attachments hereto to be included in the Additional Form [10-D][10-K][8-K] Disclosure:

 

Any
inquiries related to this notification should be directed to                          ,
phone number:                          ;
email address:                          .

 

	 	[NAME OF PARTY], as [role]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

    W-2

     

    

 

EXHIBIT
X

 

INITIAL
SUB-SERVICERS

 

None.

 

    X-1

     

    

 

EXHIBIT
Y

 

FORM
OF BACKUP CERTIFICATION

 

CPTS
2019-CPT Mortgage Trust (the “Trust”)

 

I,
[identify the certifying individual], a [identify position] of [identify party],
as [identify role] under that certain Trust and Servicing Agreement dated as of November 9, 2019 (the “Trust and Servicing
Agreement”), entered into between Deutsche Mortgage & Asset Receiving Corporation, as depositor, Wells Fargo Bank,
National Association, as master servicer (in such capacity, the “Master Servicer”), CWCapital Asset Management
LLC, as special servicer (the “Special Servicer”), Wilmington Trust, National Association, as trustee (the
“Trustee”) and Wells Fargo Bank, National Association, as certificate administrator (in such capacity, the
“Certificate Administrator”), paying agent and custodian, on behalf of the [identify role], certify to [Name
of Certifying Person(s) for Sarbanes-Oxley Certification], the Depositor, and its officers, directors and affiliates, and with
the knowledge and intent that they will rely upon this certification, that:

 

		1.	Based
                                         on my knowledge, with respect to the period ending [December 31, 20__] (the “Relevant
                                         Period”), all servicing information and all required reports required to be
                                         submitted by the [identify role] to the applicable Other Exchange Act Reporting Party
                                         pursuant to the Trust and Servicing Agreement for inclusion in the annual report on Form
                                         10-K for the Relevant Period and inclusion in all reports on Form 10-D or Form 8-K (the
                                         “Reports”) have been submitted by the [identify role] to the Master
                                         Servicer, the Depositor, the Trustee or the Certificate Administrator, as applicable,
                                         for inclusion in these reports;

 

		2.	Based
                                         on my knowledge, the [identify role] information contained in the 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 therein, in light of the circumstances under
                                         which such statements were made, not misleading with respect to the period covered by
                                         these reports;

 

		3.	I
                                         am, or an officer under my supervision is, responsible for reviewing the activities performed
                                         by the [identify role] under the Trust and Servicing Agreement and based upon my knowledge
                                         and the annual compliance reviews conducted in preparing the servicer compliance statements
                                         required in this report under Item 1123 of Regulation AB with respect to the [identify
                                         role], and except as disclosed in the compliance certificate delivered by the [identify
                                         role] under Section 11.07 of the Trust and Servicing Agreement, the [identify
                                         role] has fulfilled its obligations under the Trust and Servicing Agreement in all material
                                         respects in the year to which such report applies;

 

		4.	The
                                         accountants that are to deliver the annual attestation report on assessment of compliance
                                         with the Relevant Servicing Criteria in respect of the [identify role] with respect to
                                         the Trust’s fiscal year _____ have been provided all information relating to the
                                         [identify role] assessment of compliance with the Relevant Servicing Criteria, in order
                                         to 

 

    Y-1

     

    

 

enable
them to conduct a review in compliance with the standards for attestation engagements issued or adopted by the PCAOB; and

 

		5.	The
                                         report on assessment of compliance with servicing criteria applicable to the [identify
                                         role] for asset-backed securities with respect to the [identify role] or any Servicing
                                         Function Participant retained by the [identify role] and related attestation report on
                                         assessment of compliance with servicing criteria applicable to it required to be included
                                         in the annual report on Form 10-K for the Relevant Period in accordance with Item 1122
                                         of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 has been provided to the Depositor
                                         and to the Certificate Administrator for inclusion as an exhibit to such Form 10-K. Any
                                         material instances of noncompliance described in such reports have been provided to the
                                         Certificate Administrator and the Depositor for disclosure in such annual report on Form
                                         10-K.

 

Capitalized
terms used but not defined herein have the meanings set forth in the Trust and Servicing Agreement.

 

Date: ___________________________

 

	 	[IDENTIFY
PARTY]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

    Y-2

     

    

 

EXHIBIT
Z

 

FORM
OF COMPANION LOAN HOLDER CERTIFICATION

 

[Date]

 

Wells Fargo Bank, National Association

Commercial Mortgage Servicing

Three Wells Fargo

401 South Tryon Street, 8th Floor

MAC D1050-084

Charlotte, North Carolina 28202

Attention: CPTS 2019-CPT Asset Manager

Facsimile number: (704) 715-0036

 

Wells
Fargo Bank, National Association

9062
Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – CPTS 2019-CPT

 

with
copies to:

 

ct.cmbs.bond.admin@wellsfargo.com,
and

trustadministrationgroup@wellsfargo.com

 

		Re:	CPTS
                                         2019-CPT Mortgage Trust – Companion Loan

 

In
accordance with the requirements for obtaining certain information under the Trust and Servicing Agreement (the “Agreement”),
dated as of November 9, 2019, between Deutsche Mortgage & Asset Receiving Corporation, as depositor, Wells Fargo Bank, National
Association, as master servicer, CWCapital Asset Management LLC, as special servicer, Wells Fargo Bank, National Association,
as certificate administrator, paying agent and custodian, and Wilmington Trust, National Association, as trustee, with respect
to any Companion Loan (as defined in the Agreement), the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned is a Companion Loan Holder (as defined in the Agreement).

 

2.       The
undersigned is requesting access pursuant to the Agreement to certain information (the “Information”) on the
Certificate Administrator’s Website.

 

In
consideration of the disclosure to the undersigned of the Information, or the access thereto, the undersigned shall keep the Information
confidential (except from such outside persons as are assisting it in making an evaluation in connection with purchasing the related
Certificates, from its accountants and attorneys, and otherwise from such governmental or

 

    Z-1

     

    

 

banking
authorities or agencies to which the undersigned is subject), and such Information shall not, without the prior written consent
of the Depositor, be otherwise disclosed by the undersigned or by its officers, directors, partners, employees, agents or representatives
(collectively, the “Representatives”) in any manner, in whole or in part.

 

The
undersigned shall not use or disclose the Information in any manner which could result in a violation of any provision of the
Securities Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended,
or would require registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

3.       The
undersigned agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed to have
recertified that the representations contained herein remain true and correct.

 

4.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify
the Depositor, the Certificate Administrator, the Trustee, the Master Servicer, the Special Servicer, the Initial Purchasers and
the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any of
its Representatives.

 

5.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

IN
WITNESS WHEREOF, the undersigned has caused its name to be signed hereto by its duly authorized officer, as of the day and year
written above.

 

	 	[Companion Loan Holder]
	 	 	 
	 	By:	 
	 	 	Title:
	 	 	Company:
	 	 	Phone:

 

    Z-2Exhibit 4.3

 

EXECUTION VERSION

	 	 

 

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

as Depositor

 

MIDLAND LOAN SERVICES, A DIVISION OF PNC
BANK, NATIONAL ASSOCIATION,

as Master Servicer

 

MIDLAND LOAN SERVICES, A DIVISION OF PNC
BANK, NATIONAL ASSOCIATION,

as Special Servicer

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Certificate Administrator

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

 

and

 

PENTALPHA SURVEILLANCE LLC,

as Operating Advisor and as Asset Representations Reviewer

 

POOLING AND SERVICING AGREEMENT

 

Dated as of

 

November 1, 2019

 

Benchmark 2019-B14 Mortgage Trust,

Commercial Mortgage Pass-Through Certificates

 

Series 2019-B14

	 	 

 

     

     

    

 

TABLE OF CONTENTS

 

Page

 

	Article I
	 	 	 	 	 
	DEFINITIONS	 	 	 	8
	 	 	 	 	 
	Section 1.01   	 	Defined
    Terms	 	8
	Section 1.02   	 	Certain
    Calculations	 	138
	 	 	 	 	 
	Article II
	 	 	 	 	 
	CONVEYANCE
    OF MORTGAGE LOANS;
	ORIGINAL ISSUANCE OF CERTIFICATES	 	140
	 	 	 	 	 
	Section 2.01   	 	Conveyance
    of Mortgage Loans and Trust Subordinate Companion Loan	 	140
	Section 2.02   	 	Acceptance
    by Trustee	 	146
	Section 2.03   	 	Representations,
    Warranties and Covenants of the Depositor; Mortgage Loan Sellers’ Repurchase or Substitution of Mortgage Loans and the
    Trust Subordinate Companion Loan for Defects in Mortgage Files and Breaches of Representations and Warranties	 	152
	Section 2.04   	 	Execution
    of Certificates; Issuance of Lower-Tier Regular Interests; Issuance of Trust Subordinate Companion Loan REMIC Regular Interests	 	169
	Section 2.05   	 	Creation
    of the Grantor Trust	 	170
	 	 	 	 	 
	Article III
	 	 	 	 	 
	ADMINISTRATION
    AND
	SERVICING OF THE TRUST FUND	 	170
	 	 	 	 	 
	Section 3.01   	 	The
    Master Servicer to Act as Master Servicer; Special Servicer to Act as Special Servicer; Administration of the Mortgage Loans,
    the Serviced Companion Loans and REO Properties	 	170
	Section 3.02   	 	Collection
    of Mortgage Loan Payments	 	178
	Section 3.03   	 	Collection
    of Taxes, Assessments and Similar Items; Servicing Accounts	 	187
	Section 3.04   	 	The
    Collection Account, the Lower-Tier REMIC Distribution Account, the Upper-Tier REMIC Distribution Account, the Companion Distribution
    Account, the Interest Reserve Account, the Pooled Non-VRR Gain-on-Sale Reserve Account, the Pooled VRR Gain-On-Sale Reserve
    Account, the 225 Bush Non-VRR Gain-On-Sale Reserve Account, the Excess Interest Distribution Account, the 225 Bush VRR	 	

 

    i 

     

    

 

	 	 	Gain-On-Sale Reserve Account and the
Trust Subordinate Companion Loan REMIC Distribution Account	 	192

	Section 3.05   	 	Permitted
    Withdrawals from the Collection Account, the Distribution Accounts and the Companion Distribution Account	 	200
	Section 3.06   	 	Investment
    of Funds in the Collection Account and the REO Account	 	214
	Section 3.07   	 	Maintenance
    of Insurance Policies; Errors and Omissions and Fidelity Coverage	 	216
	Section 3.08   	 	Enforcement
    of Due-on-Sale Clauses; Assumption Agreements	 	221
	Section 3.09   	 	Realization
    Upon Defaulted Loans and Companion Loans	 	227
	Section 3.10   	 	Trustee
    and Custodian to Cooperate; Release of Mortgage Files	 	231
	Section 3.11   	 	Servicing
    Compensation	 	232
	Section 3.12   	 	Inspections;
    Collection of Financial Statements	 	240
	Section 3.13   	 	Access
    to Certain Information	 	246
	Section 3.14   	 	Title
    to REO Property; REO Account	 	260
	Section 3.15   	 	Management
    of REO Property	 	262
	Section 3.16   	 	Sale
    of Defaulted Loans and REO Properties	 	264
	Section 3.17   	 	Additional
    Obligations of Master Servicer and Special Servicer	 	271
	Section 3.18   	 	Modifications,
    Waivers, Amendments and Consents	 	274
	Section 3.19   	 	Transfer
    of Servicing Between Master Servicer and Special Servicer; Recordkeeping; Asset Status Report	 	287
	Section 3.20   	 	Sub-Servicing
    Agreements	 	294
	Section 3.21   	 	Interest
    Reserve Account	 	298
	Section 3.22   	 	Directing
    Certificateholder and Operating Advisor Contact with Master Servicer and Special Servicer	 	298
	Section 3.23   	 	Controlling
    Class Certificateholders, Directing Certificateholder and Risk Retention Consultation Parties; Certain Rights and Powers of
    Directing Certificateholder and the Risk Retention Consultation Parties	 	299
	Section 3.24   	 	Intercreditor
    Agreements	 	303
	Section 3.25   	 	Rating
    Agency Confirmation	 	305
	Section 3.26   	 	The
    Operating Advisor	 	307
	Section 3.27   	 	Companion
    Paying Agent	 	314
	Section 3.28   	 	Companion
    Register	 	314
	Section 3.29   	 	Certain
    Matters Relating to the Non-Serviced Mortgage Loans	 	315
	Section 3.30   	 	[Reserved]	 	317
	Section 3.31   	 	Resignation
    Upon Prohibited Risk Retention Affiliation	 	317
	Section 3.32   	 	Delivery
    of Excluded Information to the Certificate Administrator	 	317
	Section 3.33   	 	[Reserved]	 	318
	Section 3.34   	 	Trust
    Subordinate Companion Loan	 	318
	Section 3.35   	 	225
    Bush Loan-Specific Directing Certificateholder	 	320
	 	 	 	 	 
	Article IV
	 	 	 	 	 
	Distributions
    TO CERTIFICATEHOLDERS	 	320
	 	 	 	 	 
	Section 4.01   	 	Distributions	 	320

 

    ii 

     

    

 

	Section 4.02   	 	Distribution
    Date Statements; CREFC® Investor Reporting Packages; Grant of Power of Attorney	 	337
	Section 4.03   	 	P&I
    Advances	 	343
	Section 4.04   	 	Allocation
    of Realized Losses	 	347
	Section 4.05   	 	Appraisal
    Reduction Amounts; Collateral Deficiency Amounts	 	348
	Section 4.06   	 	Grantor
    Trust Reporting	 	353
	Section 4.07   	 	Investor
    Q&A Forum; Investor Registry; and Rating Agency Q&A Forum and Document Request Tool	 	355
	Section 4.08   	 	Secure
    Data Room	 	358
	 	 	 	 	 
	Article V
	 	 	 	 	 
	THE
    CERTIFICATES	 	359
	 	 	 
	Section 5.01   	 	The
    Certificates	 	359
	Section 5.02   	 	Form
    and Registration	 	360
	Section 5.03   	 	Registration
    of Transfer and Exchange of Certificates	 	363
	Section 5.04   	 	Mutilated,
    Destroyed, Lost or Stolen Certificates	 	372
	Section 5.05   	 	Persons
    Deemed Owners	 	372
	Section 5.06   	 	Access
    to List of Certificateholders’ Names and Addresses; Special Notices	 	372
	Section 5.07   	 	Maintenance
    of Office or Agency	 	373
	Section 5.08   	 	Appointment
    of Certificate Administrator	 	373
	Section 5.09   	 	[Reserved]	 	374
	Section 5.10   	 	Voting
    Procedures	 	374
	 	 	 	 	 
	Article VI
	 	 	 	 	 
	THE
    DEPOSITOR, THE MASTER SERVICER, THE SPECIAL SERVICER, the Operating Advisor, THE ASSET REPRESENTATIONS REVIEWER, THE DIRECTING
    CERTIFICATEHOLDER AND THE RISK RETENTION CONSULTATION PARTIES	 	376
	 	 	 	 	 
	Section 6.01   	 	Representations,
    Warranties and Covenants of the Master Servicer, Special Servicer, the Operating Advisor and the Asset Representations Reviewer	 	376
	Section 6.02   	 	Liability
    of the Depositor, the Master Servicer, the Operating Advisor, the Special Servicer and the Asset Representations Reviewer	 	382
	Section 6.03   	 	Merger,
    Consolidation or Conversion of the Depositor, the Master Servicer, the Operating Advisor, the Special Servicer or the Asset
    Representations Reviewer	 	382
	Section 6.04   	 	Limitation
    on Liability of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations
    Reviewer and Others	 	384
	Section 6.05   	 	Depositor,
    Master Servicer and Special Servicer Not to Resign	 	389

 

    iii 

     

    

 

	Section 6.06   	 	Rights of the Depositor
    in Respect of the Master Servicer and the Special Servicer	 	390
	Section 6.07   	 	The Master Servicer
    and the Special Servicer as Certificate Owner	 	390
	Section 6.08   	 	The Directing Certificateholder
    and the Risk Retention Consultation Parties	 	390
	 	 	 	 	 
	Article VII 
	 	 	 	 	 
	SERVICER TERMINATION EVENTS	400
	 	 
	Section 7.01   	 	Servicer Termination
    Events; Master Servicer and Special Servicer Termination	 	400
	Section 7.02   	 	Trustee to Act; Appointment
    of Successor	 	409
	Section 7.03   	 	Notification to Certificateholders	 	411
	Section 7.04   	 	Waiver of Servicer
    Termination Events	 	412
	Section 7.05   	 	Trustee as Maker of
    Advances	 	412
	 	 	 	 	 
	Article VIII 
	 	 	 	 	 
	CONCERNING THE TRUSTEE AND THE CERTIFICATE ADMINISTRATOR	413
	 	 	 	 	 
	Section 8.01   	 	Duties of the Trustee
    and the Certificate Administrator	 	413
	Section 8.02   	 	Certain Matters Affecting
    the Trustee and the Certificate Administrator	 	414
	Section 8.03   	 	Trustee and Certificate
    Administrator Not Liable for Validity or Sufficiency of Certificates or Mortgage Loans or Trust Subordinate Companion Loan	 	417
	Section 8.04   	 	Trustee or Certificate
    Administrator May Own Certificates	 	417
	Section 8.05   	 	Fees and Expenses of
    Trustee and Certificate Administrator; Indemnification of Trustee and Certificate Administrator	 	417
	Section 8.06   	 	Eligibility Requirements
    for Trustee and Certificate Administrator	 	419
	Section 8.07   	 	Resignation and Removal
    of the Trustee and Certificate Administrator	 	420
	Section 8.08   	 	Successor Trustee or
    Certificate Administrator	 	422
	Section 8.09   	 	Merger or Consolidation
    of Trustee or Certificate Administrator	 	423
	Section 8.10   	 	Appointment of Co-Trustee
    or Separate Trustee	 	423
	Section 8.11   	 	Appointment of Custodians	 	424
	Section 8.12   	 	Representations and
    Warranties of the Trustee	 	425
	Section 8.13   	 	Provision of Information
    to Certificate Administrator, Master Servicer and Special Servicer	 	426
	Section 8.14   	 	Representations and
    Warranties of the Certificate Administrator	 	426
	Section 8.15   	 	Compliance with the
    PATRIOT Act	 	428
	 	 	 	 	 
	Article IX 
	 	 	 	 	 
	TERMINATION	 	428
	 	 	 	 	 
	Section 9.01   	 	Termination upon Repurchase
    or Liquidation of All Mortgage Loans	 	428

 

    iv 

     

    

 

	Section 9.02   	 	Additional
    Termination Requirements	 	432
	 	 	 	 	 
	Article X
	 	 	 	 	 
	ADDITIONAL
    REMIC PROVISIONS	 	433
	 	 	 	 	 
	Section 10.01   	 	REMIC
    Administration	 	433
	Section 10.02   	 	Use
    of Agents	 	437
	Section 10.03   	 	Depositor,
    Master Servicer and Special Servicer to Cooperate with Certificate Administrator	 	437
	Section 10.04   	 	Appointment
    of REMIC Administrators	 	437
	 	 	 	 	 
	Article XI
	 	 	 	 	 
	EXCHANGE
    ACT REPORTING AND REGULATION AB COMPLIANCE	 	438
	 	 	 	 	 
	Section 11.01   	 	Intent
    of the Parties; Reasonableness	 	438
	Section 11.02   	 	Succession;
    Subcontractors	 	439
	Section 11.03   	 	Filing
    Obligations	 	441
	Section 11.04   	 	Form 10-D
    and Form ABS-EE Filings	 	442
	Section 11.05   	 	Form 10-K
    Filings	 	446
	Section 11.06   	 	Sarbanes-Oxley
    Certification	 	449
	Section 11.07   	 	Form 8-K
    Filings	 	450
	Section 11.08   	 	Form 15
    Filing	 	452
	Section 11.09   	 	Annual
    Compliance Statements	 	452
	Section 11.10   	 	Annual
    Reports on Assessment of Compliance with Servicing Criteria	 	454
	Section 11.11   	 	Annual
    Independent Public Accountants’ Attestation Report	 	456
	Section 11.12   	 	Indemnification	 	457
	Section 11.13   	 	Amendments	 	460
	Section 11.14   	 	Regulation AB
    Notices	 	460
	Section 11.15   	 	Certain
    Matters Relating to the Future Securitization of the Serviced Pari Passu Companion Loans	 	460
	Section 11.16   	 	Certain
    Matters Regarding Significant Obligors	 	465
	Section 11.17   	 	Impact
    of Cure Period	 	465
	 	 	 	 	 
	Article XII
	 	 	 	 	 
	THE
    ASSET REPRESENTATIONS REVIEWER	 	466
	 	 	 	 	 
	Section 12.01   	 	Asset
    Review	 	466
	Section 12.02   	 	Payment
    of Asset Representations Reviewer Asset Review Fees and Expenses; Limitation of Liability	 	472
	Section 12.03   	 	Resignation
    of the Asset Representations Reviewer	 	474
	Section 12.04   	 	Restrictions
    of the Asset Representations Reviewer	 	474
	Section 12.05   	 	Termination
    of the Asset Representations Reviewer	 	474

 

    v 

     

    

 

	Article XIII 
	 	 	 	 	 
	MISCELLANEOUS PROVISIONS	 	477
	 	 	 	 	 
	Section 13.01   	 	Amendment	 	477
	Section 13.02   	 	Recordation of Agreement;
    Counterparts	 	482
	Section 13.03   	 	Limitation on Rights
    of Certificateholders	 	483
	Section 13.04   	 	Governing Law; Submission
    to Jurisdiction; Waiver of Jury Trial	 	484
	Section 13.05   	 	Notices	 	484
	Section 13.06   	 	Severability of Provisions	 	490
	Section 13.07   	 	Grant of a Security
    Interest	 	490
	Section 13.08   	 	Successors and Assigns;
    Third Party Beneficiaries	 	491
	Section 13.09   	 	Article and Section
    Headings	 	491
	Section 13.10   	 	Notices to the Rating
    Agencies	 	492
	Section 13.11   	 	PNC Bank, National
    Association	 	493

 

    vi 

     

    

 

EXHIBITS

 

	Exhibit A-1	 	Form of Class A-1 Certificate
	Exhibit A-2	 	Form of Class A-2 Certificate
	Exhibit A-3	 	Form of Class A-3 Certificate
	Exhibit A-4	 	Form of Class A-4 Certificate
	Exhibit A-5	 	Form of Class A-5 Certificate
	Exhibit A-6	 	Form of Class A-SB Certificate
	Exhibit A-7	 	Form of Class X-A Certificate
	Exhibit A-8	 	Form of Class X-B Certificate
	Exhibit A-9	 	Form of Class X-D Certificate
	Exhibit A-10	 	Form of Class A-S Certificate
	Exhibit A-11	 	Form of Class B Certificate
	Exhibit A-12	 	Form of Class C Certificate
	Exhibit A-13	 	Form of Class D Certificate
	Exhibit A-14	 	Form of Class E Certificate
	Exhibit A-15	 	Form of Class F-RR Certificate
	Exhibit A-16	 	Form of Class G-RR Certificate
	Exhibit A-17	 	Form of Class NR-RR Certificate
	Exhibit A-18	 	Form of Class R Certificate
	Exhibit A-19	 	Form of Class S Certificate
	Exhibit A-20	 	Form of VRR Interest
	Exhibit A-21	 	Form of Class 225B-A Certificate
	Exhibit A-22	 	Form of Class 225B-B Certificate
	Exhibit A-23	 	Form of Class 225B-C Certificate
	Exhibit A-24	 	Form of Class 225B-D Certificate
	Exhibit A-25	 	Form of Class 225B-E Certificate
	Exhibit A-26	 	Form of 225B-VRR Interest
	Exhibit B	 	Mortgage Loan Schedule
	Exhibit C	 	Form of Investment Representation Letter
	Exhibit D-1	 	Form of Transferee Affidavit
	Exhibit D-2	 	Form of Transferor Letter
	Exhibit D-3	 	Form of Transferee Certificate for Transfers of the VRR Interest
	Exhibit D-4	 	Form of Transferor Certificate for Transfers of the VRR Interest
	Exhibit D-5	 	Form of Transferee Certificate for Transfers of the HRR Certificates
	Exhibit D-6	 	Form of Transferor Certificate for Transfers of the HRR Certificates
	Exhibit E	 	Form of Request for Release
	Exhibit F-1	 	Form of ERISA Representation Letter regarding ERISA Restricted Certificates
	Exhibit F-2	 	Form of ERISA Representation Letter regarding Class R and Class S Certificates
	Exhibit G	 	Form of Distribution Date Statement
	Exhibit H	 	Form of Omnibus Assignment
	Exhibit I	 	Form of Transfer Certificate for Rule 144A Book-Entry Certificate to Temporary Regulation S Book-Entry Certificate during Restricted Period

 

    vii 

     

    

 

	Exhibit J	 	Form of Transfer Certificate
    for Rule 144A Book-Entry Certificate to Regulation S Book-Entry Certificate after Restricted Period
	Exhibit K	 	Form of Transfer Certificate for Temporary Regulation
    S Book-Entry Certificate to Rule 144A Book-Entry Certificate during Restricted Period
	Exhibit L	 	Form of Transfer Certificate for Temporary Regulation
    S Book-Entry Certificate to Regulation S Book-Entry Certificate after Restricted Period
	Exhibit M	 	Form of Transfer Certificate for Non-Book Entry
    Certificate to Temporary Regulation S Book-Entry Certificate
	Exhibit N	 	Form of Transfer Certificate for Non-Book Entry
    Certificate to Regulation S Book-Entry Certificate
	Exhibit O	 	Form of Transfer Certificate for Non-Book Entry
    Certificate to Rule 144A Book-Entry Certificate
	Exhibit P-1A	 	Form of Investor Certification for Non-Borrower
    Party and/or Risk Retention Consultation Party (for Persons other than the Directing Certificateholder, a Controlling Class
    Certificateholder and/or a 225 Bush Controlling Class Certificateholder)
	Exhibit P-1B	 	Form of Investor Certification for Non-Borrower
    Party (for the Directing Certificateholder, a Controlling Class Certificateholder and/or a 225 Bush Controlling Class Certificateholder)
	Exhibit P-1C	 	Form of Investor Certification for Borrower
    Party (for Persons other than the Directing Certificateholder, a Controlling Class Certificateholder, a Risk Retention Consultation
    Party and/or a 225 Bush Controlling Class Certificateholder)
	Exhibit P-1D	 	Form of Investor Certification for Borrower
    Party (for the Directing Certificateholder, a Controlling Class Certificateholder and/or a 225 Bush Controlling Class Certificateholder)
	Exhibit P-1E	 	Form of Notice of Excluded Controlling Class
    Holder
	Exhibit P-1F	 	Form of Notice of Excluded Controlling Class
    Holder to Certificate Administrator
	Exhibit P-1G	 	Form of Certification of Directing Certificateholder
	Exhibit P-1H	 	Form of Certification of a Risk Retention Consultation
    Party
	Exhibit P-2	 	Form of Certification for NRSROs
	Exhibit P-3	 	Online Market Data Provider Certification
	Exhibit Q	 	Custodian Certification/Exception Report
	Exhibit R	 	Form of Power of Attorney –  Master
    Servicer and Special Servicer
	Exhibit S	 	Initial Companion Holders
	Exhibit T	 	Form of Notice Relating to the Non-Serviced
    Mortgage Loans
	Exhibit U	 	Form of Notice and Certification Regarding Defeasance
    of Mortgage Loan
	Exhibit V	 	Form of Operating Advisor Annual Report
	Exhibit W	 	Form of Notice from Operating Advisor Recommending
    Replacement of Special Servicer
	Exhibit X	 	Form of Confidentiality Agreement
	Exhibit Y	 	Form Certification to be Provided with Form
    10-K
	Exhibit Z-1	 	Form of Certification to be Provided to Depositor
    by Certificate Administrator
	Exhibit Z-2	 	Form of Certification to be Provided to Depositor
    by Master Servicer

 

    viii 

     

    

 

 

	Exhibit Z-3	 	Form of Certification to be Provided to Depositor by Special Servicer
	Exhibit Z-4	 	Form of Certification to be Provided to Depositor by Trustee
	Exhibit Z-5	 	Form of Certification to be Provided to Depositor by Operating Advisor
	Exhibit Z-6	 	Form of Certification to be Provided to Depositor by Custodian
	Exhibit Z-7	 	Form of Certification to be Provided to Depositor by Asset Representations Reviewer
	Exhibit AA	 	Servicing Criteria to be Addressed in Assessment of Compliance
	Exhibit BB	 	Additional Form 10-D Disclosure
	Exhibit CC	 	Additional Form 10-K Disclosure
	Exhibit DD	 	Form 8-K Disclosure Information
	Exhibit EE	 	Additional Disclosure Notification
	Exhibit FF	 	Initial Sub-Servicers
	Exhibit GG	 	Servicing Function Participants
	Exhibit HH	 	Form of Annual Compliance Statement
	Exhibit II	 	Form of Report on Assessment of Compliance with Servicing Criteria
	Exhibit JJ	 	CREFC® Payment Information
	Exhibit KK	 	Form of Notice of Additional Indebtedness Notification
	Exhibit LL	 	[Reserved]
	Exhibit MM	 	Additional Disclosure Notification (Accounts)
	Exhibit NN	 	Form of Notice of Purchase of Controlling Class Certificate
	Exhibit OO	 	Form of Asset Review Report
	Exhibit PP	 	Form of Asset Review Report Summary
	Exhibit QQ	 	Asset Review Procedures
	Exhibit RR	 	Form of Certification to Certificate Administrator Requesting Access to Secure Data Room
	Exhibit SS	 	Form of Notice of [Additional Delinquent Loan][Cessation of Delinquent Loan][Cessation of Asset Review Trigger]
	Exhibit TT	 	Certificate Administrator Receipt of the Retained Certificates

 

	SCHEDULES	 	 
	 	 	 
	Schedule 1	 	Mortgage Loans With Additional Debt
	Schedule 2	 	Class A-SB Planned Principal Balance Schedule
	Schedule 3	 	Mortgage Loans With Escrows or Reserves Exceeding, In The Aggregate, 10% of the Initial Principal Balance of the related Mortgage Loan (or related Whole Loan, if applicable)

 

    ix 

     

    

 

This
Pooling and Servicing Agreement is dated and effective as of November 1, 2019, between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, Midland Loan Services,
a Division of PNC Bank, National Association, as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer.

 

PRELIMINARY
STATEMENT:

 

The
Depositor intends to sell commercial mortgage pass-through certificates (collectively, the “Certificates”),
to be issued hereunder in multiple classes (each, a “Class”), which in the aggregate will evidence the entire
beneficial ownership interest in the Trust to be created hereunder, the primary assets of which will be a pool of commercial mortgage
loans and a separate trust subordinate companion loan interest in one commercial mortgage loan. As provided herein, the Certificate
Administrator shall elect or shall cause an election to be made to treat designated portions of the Trust (exclusive of the Excess
Interest and the proceeds thereof in the Excess Interest Distribution Account) for federal income tax purposes as three separate
real estate mortgage investment conduits (the “Upper-Tier REMIC”, the “Lower-Tier REMIC”
and the “Trust Subordinate Companion Loan REMIC”, and each a “Trust REMIC” as described
herein).

 

In
addition, the portion of the Trust Fund consisting of the entitlement to Excess Interest and amounts in the Excess Interest Distribution
Account will be treated as a grantor trust (the “Grantor Trust”) for federal income tax purposes, and the Class
S Certificates and the VRR Interest will represent undivided beneficial interests in the Grantor Trust. As provided herein, the
Certificate Administrator shall take all actions expressly required hereunder to ensure that the portion of the Trust Fund consisting
of the Grantor Trust maintains its status as a Grantor Trust under federal income tax law and not be treated as part of the Trust
REMICs.

 

The
Depositor intends (i) to sell the Certificates (other than the VRR Interest and the 225B-VRR Interest) to the Underwriters and
the Initial Purchasers and the Loan-Specific Initial Purchasers, (ii) to cause a portion of the VRR Interest to be owned on the
Closing Date by JPMCB, (iii) to cause a portion of the VRR Interest and the 225B-VRR Interest to be owned on the Closing Date
by GACC (or its MOA) and (iv) to cause a portion of the VRR Interest to be owned on the Closing Date by CREFI.

 

TRUST
SUBORDINATE COMPANION LOAN REMIC

 

The
Trust Subordinate Companion Loan REMIC will hold the Trust Subordinate Companion Loan and the proceeds of such Trust Subordinate
Companion Loan, together with its allocable share of any related property acquired by foreclosure or deed-in-lieu of foreclosure
and will issue the Class L225BA, Class L225BB, Class L225BC, Class L225BD, Class L225BE and Class L225BVRR Uncertificated Interests
as the “regular interests” in the Trust Subordinate Companion Loan REMIC (the “Trust Subordinate Companion
Loan REMIC Regular Interests”) and the uncertificated Class 225B-R Interest, which is the sole class of residual interests
in the Trust Subordinate Companion Loan REMIC and is represented by the Class R Certificates. Any

 

     

     

    

 

225
Bush Non-VRR Available Funds remaining in the Trust Subordinate Companion Loan REMIC Distribution Account after all required distributions
under this Agreement have been made to the Loan-Specific Certificates will be deemed distributed to the Class 225B-R Interest
and shall be payable to the Holders of the Class R Certificates.

 

The
Holders of the Loan-Specific Certificates shall only be entitled to receive distributions in respect of, and shall only incur
losses with respect to, the Trust Subordinate Companion Loan, each of which is not part of the pool of Mortgage Loans backing
the Certificates other than the Loan-Specific Certificates. No Class of Certificates (other than the Loan-Specific Certificates
and the Class R Certificates) has an interest in any Trust Subordinate Companion Loan. The following table sets forth the Original
Lower Tier Principal Amounts and per annum rates of interest for the Trust Subordinate Companion Loan REMIC Regular Interests
and the Class 225B-R Interest:

 

	Class
    Designation	 	Pass-Through
    Rate	 	Original
    Lower-Tier
 Principal Amount
	Class
    L225BA	 	(1	)	 	$	11,595,000	 
	Class
    L225BB	 	(1	)	 	$	33,958,000	 
	Class
    L225BC	 	(1	)	 	$	35,434,000	 
	Class
    L225BD	 	(1	)	 	$	48,723,000	 
	Class
    L225BE	 	(1	)	 	$	9,370,000	 
	Class
    L225BVRR	 	(1	)	 	$	7,320,000	(2)
	Class
    225B-R	 	(3	)	 	$	(3	)

 

 

		(1)	The
                                         pass-through rate for each Class of Trust Subordinate Companion Loan REMIC Regular Interests
                                         on any Distribution Date will be the 225 Bush Weighted Average Net Mortgage Rate for
                                         such Distribution Date.

 

		(2)	The
                                         L225BVRR Uncertificated Interest will have an original principal balance equal to the
                                         225 Bush VRR Percentage multiplied by the aggregate Cut-off Date Principal Balance of
                                         the Trust Subordinate Companion Loan.

 

		(3)	The
                                         Class 225B-R Interest (evidenced by the Class R Certificates) will not have a Certificate
                                         Balance or Notional Amount, will not bear interest and will not be entitled to distributions
                                         of Prepayment Premiums or Yield Maintenance Charges. Any 225 Bush Non-VRR Available Funds
                                         remaining in the Trust Subordinate Companion Loan REMIC Distribution Account after distributing
                                         the Trust Subordinate Companion Loan REMIC Distribution Amount will be deemed distributed
                                         to the Class 225B-R Interest and shall be payable to the Holders of the Class R Certificates.

 

LOWER-TIER
REMIC

 

The
Lower-Tier REMIC will hold the Mortgage Loans (exclusive of the entitlement to Excess Interest and amounts in the Excess Interest
Distribution Account) and will issue the Class LA1, Class LA2, Class LA3, Class LA4, Class LA5, Class LASB,
Class LAS, Class LB, Class LC, Class LD, Class LE, Class LFR, Class LGR, Class LNR and
Class LVRR Uncertificated Interests (the “Lower-Tier Regular Interests”), which will evidence the “regular
interests” in the Lower-Tier REMIC created hereunder. The Lower-Tier REMIC will also issue the uncertificated Class LR
Interest, which is the sole Class of “residual interests” in the Lower-Tier REMIC and is represented by the Class R
Certificates.

 

     2

     

    

 

The
following table sets forth the Original Lower-Tier Principal Amounts and per annum rates of interest for the Lower-Tier
Regular Interests and the Class LR Interest:

 

	Class Designation	 	Interest
    Rate	 	 	Original
    Lower-Tier
 Principal Amount	 
	Class LA1 	 	(1	)	 	$	22,760,000	 
	Class LA2 	 	(1	)	 	$	249,620,000	 
	Class LA3 	 	(1	)	 	$	55,480,000	 
	Class
    LA4 	 	(1	)	 	$	187,000,000	 
	Class
    LA5 	 	(1	)	 	$	350,570,000	 
	Class LASB 	 	(1	)	 	$	37,040,000	 
	Class LAS 	 	(1	)	 	$	127,315,000	 
	Class LB 	 	(1	)	 	$	61,240,000	 
	Class LC 	 	(1	)	 	$	53,180,000	 
	Class LD 	 	(1	)	 	$	33,845,000	 
	Class LE 	 	(1	)	 	$	25,785,000	 
	Class LFR 	 	(1	)	 	$	24,175,000	 
	Class LGR 	 	(1	)	 	$	12,890,000	 
	Class LNR 	 	(1	)	 	$	48,349,368	 
	Class LVRR 	 	(1	)	 	$	33,000,000	 
	Class LR 	 	None	(2)	 	 	None(2)	 

 

		(1)	The
                                         interest rate for each Class of Lower-Tier Regular Interests on any Distribution Date
                                         will be the Pooled Weighted Average Net Mortgage Rate for such Distribution Date.

 

		(2)	The
                                         Class LR Interest (evidenced by the Class R Certificates) will not have a Certificate
                                         Balance or Notional Amount, will not bear interest and will not be entitled to distributions
                                         of Prepayment Premiums or Yield Maintenance Charges. Any Pooled Aggregate Available Funds
                                         remaining in the Lower-Tier REMIC Distribution Account after distributing the Lower-Tier
                                         Distribution Amount will be deemed distributed to the Class LR Interest and shall
                                         be payable to the Holders of the Class R Certificates.

 

UPPER-TIER
REMIC

 

The
Upper-Tier REMIC will hold the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan REMIC Regular Interest and
will issue (i) the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class X-A, Class X-B,
Class X-D, Class A-S, Class B, Class C, Class D, Class E, Class F-RR, Class G-RR, Class NR-RR, Class
225B-A, Class 225B-B, Class 225B-C, Class 225B-D and Class 225B-E Certificates and the 225B-VRR Interest, and (ii) the VRR Interest
REMIC regular interest, which is designated as class of regular interest in the Upper-Tier REMIC but is not represented by Certificates,
each of which represents a “regular interest” in the Upper-Tier REMIC created hereunder. The Upper-Tier REMIC regular
interests will have the same Pass-Through Rates as their corresponding Certificates and the same original principal amounts or
notional amounts as the original certificate balance or notional amount of their corresponding Certificates as shown on the “Certificates”
table, below.

 

The
Upper-Tier REMIC also will issue the uncertificated Class UR Interest, which is the sole Class of “residual interests”
in the Upper-Tier REMIC for purposes of the REMIC Provisions and is represented by the Class R Certificates. The Class UR
Interest will not have a certificate balance or notional amount, will not bear interest and will not be entitled to

 

     3

     

    

 

distributions
of prepayment premiums or yield maintenance charges. Any Available Funds remaining in the Upper Tier REMIC Distribution Account
after all required distributions under this Agreement have been made to each Class of Regular Certificates will be deemed distributed
to the Class UR Interest and shall be payable to the Holders of the Class R Certificates.

 

The
foregoing REMIC structure is intended to cause all of the cash from the Mortgage Loan and from the Trust Subordinate Companion
Loan to flow through to the Upper-Tier REMIC as cash flow on a REMIC regular interest, without creating any shortfall, actual
or potential (other than for credit losses), to any REMIC regular interest. To the extent that the structure is believed to diverge
from such intention, the parties identifying such ambiguity shall notify the other parties hereto and the parties involved will
resolve such ambiguities to accomplish the intended result and will to the extent necessary rectify any drafting errors or seek
clarification to the structure without Certificateholder approval (but with guidance of counsel) to accomplish such intention,
including, to the extent necessary, making any amendments in accordance with Section 13.01 of this Agreement.

 

THE
CERTIFICATES

 

The
following table (and related paragraphs) sets forth the designation, the pass-through rate (the “Pass-Through Rate”)
and the aggregate initial principal amount (the “Original Certificate Balance”) or Notional Amount (the “Original
Notional Amount”), as applicable, for each Class of Certificates:

 

	Corresponding
    Certificates	 	Approx.
    Initial Pass-Through Rate	 	Original
    Certificate Balance or Notional Amount
	Class A-1
    Certificates 	 	2.0722%	 	$	22,760,000
	Class A-2
    Certificates 	 	2.9147%	 	$	249,620,000
	Class A-3
    Certificates 	 	3.0902%	 	$	55,480,000
	Class A-4
    Certificates 	 	2.7946%	 	$	187,000,000
	Class A-5
    Certificates 	 	3.0486%	 	$	350,570,000
	Class A-SB
    Certificates 	 	2.9571%	 	$	37,040,000
	Class
    X-A Certificates 	 	0.7958%(1)	 	$	  1,029,785,000(2)
	Class
    X-B Certificates 	 	0.1541%(1)	 	$	 114,420,000(2)
	Class A-S
    Certificates 	 	3.3515%	 	$	127,315,000(2)
	Class B
    Certificates 	 	3.4928%	 	$	61,240,000
	Class C
    Certificates 	 	3.7807%	 	$	53,180,000
	Class
    X-D Certificates 	 	1.2807%(1)	 	$	 59,630,000
	Class D
    Certificates 	 	2.5000%	 	$	33,845,000
	Class E
    Certificates 	 	2.5000%	 	$	25,785,000
	Class F-RR
    Certificates 	 	3.7807%	 	$	24,175,000
	Class G-RR
    Certificates 	 	3.7807%	 	$	12,890,000
	Class NR-RR
    Certificates 	 	3.7807%	 	$	48,349,368
	Class 225B-A
    Certificates 	 	3.2895%	 	$	11,595,000
	Class 225B-B
    Certificates 	 	3.2895%	 	$	33,958,000
	Class 225B-C
    Certificates 	 	3.2895%	 	$	35,434,000
	Class 225B-D
    Certificates 	 	3.2895%	 	$	48,723,000

 

     4

     

    

 

	Corresponding
    Certificates	 	Approx.
    Initial Pass-Through Rate	 	Original
    Certificate Balance or Notional Amount
	Class 225B-E
    Certificates 	 	3.2895%	 	$	9,370,000
	Class R
    Certificates 	 	None(3)	 	 	N/A
	Class S
    Certificates 	 	None(3)	 	 	N/A
	VRR
    Interest 	 	(4)	 	$	33,000,000
	225B-VRR
    Interest 	 	(5)	 	$	7,320,000

 

 

		(1)	The
                                         Pass-Through Rate for the Class X-A Certificates will be calculated in accordance
                                         with the definition of “Class X-A Pass-Through Rate”. The Pass-Through
                                         Rate for the Class X-B Certificates will be calculated in accordance with the definition
                                         of “Class X-B Pass-Through Rate”. The Pass-Through Rate for the Class X-D
                                         Certificates will be calculated in accordance with the definition of “Class X-D
                                         Pass-Through Rate”.

 

		(2)	None
                                         of the Class X-A, Class X-B or Class X-D Certificates will have a Certificate
                                         Balance; rather, such Classes will accrue interest as provided herein on the Class X-A
                                         Notional Amount, the Class X-B Notional Amount and the Class X-D Notional Amount,
                                         as applicable.

 

		(3)	Neither
                                         the Class R nor the Class S Certificates will have a Certificate Balance or a Notional
                                         Amount, and will not bear interest or be entitled to distributions of Prepayment Premiums
                                         or Yield Maintenance Charges. Any Available Funds remaining in the Upper-Tier REMIC Distribution
                                         Account after all required distributions under this Agreement have been made to each
                                         Class of Regular Certificates will be deemed distributed to the Class UR Interest
                                         and shall be payable to the Holders of the Class R Certificates.

 

		(4)	Although
                                         its does not have a specified Pass-Through Rate (other than for tax reporting purposes),
                                         the effective interest rate for the VRR Interest on any Distribution Date will be the
                                         Pooled Weighted Average Net Mortgage Rate for such Distribution Date.

 

		(5)	Although
                                         its does not have a specified Pass-Through Rate (other than for tax reporting purposes),
                                         the effective interest rate for the 225B-VRR Interest on any Distribution Date will be
                                         the 225 Bush Weighted Average Net Mortgage Rate for such Distribution Date.

 

THE
GRANTOR TRUST

 

The
portions of the Trust Fund consisting of the Uncertificated Upper-Tier Regular Interest and the entitlement to Excess Interest
(and the cashflows from such assets) shall be classified as a trust under Treasury Regulations section 301.7701-4 and the holders
of the certificates representing undivided, beneficial ownership interests in such assets and cashflows shall be the tax owners
of such assets and cashflows under Code Section 671 (such a trust, a “Grantor Trust”). As provided herein,
the Certificate Administrator shall not take any actions that would cause the Grantor Trust to either (i) lose its tax status
as a “grantor trust” or (ii) be treated as part of either Trust REMIC.

 

The
following table sets forth the Class designation, the approximate initial interest entitlements, the initial Certificate Balance
and the assets (and cashflows) underlying each Class representing an interest in the Grantor Trust:

 

	Class Designation	 	Interest
    Entitlements
 (per annum)	 	Initial
    Certificate Balance	 	Assets
    Represented by such Certificate
	VRR
    Interest	 	(1)	 	$33,000,000	 	Class
    VRR Upper-Tier Regular Interest
	Class S	 	(2)	 	(2)	 	(2)

 

		(1)	The
                                         VRR Interest will not have a Pass-Through Rate. Instead these Certificates will entitle
                                         the Holders to

 

     5

     

    

 

interest
on any Distribution Date in an amount equal to the Pooled VRR Interest Distribution Amount for such Distribution Date. The Class VRR
Interest Certificates will also be entitled to the Pooled VRR Percentage of the Excess Interest for such Distribution Date.

 

		(2)	The
                                         Class S Certificates represent undivided beneficial ownership interest in the entitlement
                                         to the Non-VRR Percentage of the Excess Interest. The Class S Certificates are not
                                         entitled to distributions in respect of principal or interest other than as described
                                         in the preceding sentence.

 

On
the Closing Date, the Depositor is selling, assigning and transferring and otherwise conveying to (i) DBNY, $7,312,350 initial
Certificate Balance of the VRR Interest in the form of Class VRR Interest Certificates (which assignment, transfer and conveyance
shall, solely for purposes of satisfying the requirements of Section 3(a) and Section 4(a)(3) of the Risk Retention Rule, be deemed
assigned, transferred and conveyed from the Depositor to GACC and from GACC to DBNY), (ii) JPMCB, $15,592,428 initial Certificate
Balance of the VRR Interest in the form of Class VRR Interest Certificates (which assignment, transfer and conveyance shall, solely
for purposes of satisfying the requirements of Section 11(a)(1) of the Risk Retention Rule, be deemed assigned, transferred and
conveyed from the Depositor to GACC and from GACC to JPMCB), and (iii) CREFI, $10,095,222 initial Certificate Balance of the VRR
Interest in the form of Class VRR Interest Certificates (which assignment, transfer and conveyance shall, solely for purposes
of satisfying the requirements of Section 11(a)(1) of the Risk Retention Rule, be deemed assigned, transferred and conveyed from
the Depositor to GACC and from GACC to CREFI).

 

The
Class S Certificates shall represent undivided beneficial interests in the corresponding portions of the Grantor Trust, which
consists of the Class S Specific Grantor Trust Assets, as described herein. As provided herein, the Certificate Administrator
shall not take any actions to cause the portion of the Trust Fund referred to as the Grantor Trust to (i) fail to maintain
its status as a trust the beneficiaries of which are treated as the owners under federal income tax law or (ii) to be treated
as part of any Trust REMIC. The beneficial interests in the Grantor Trust will be represented by the Class S Certificates, which
will not have Certificate Balances or Notional Amounts, and will not bear interest or be entitled to distributions of Prepayment
Premiums or Yield Maintenance Charges, and the VRR Interest.

 

As
of the close of business on the Cut-off Date, the Mortgage Loans had an aggregate principal balance, after application of all
payments of principal due on or before such date, whether or not received, equal to $1,322,249,369. As of the close of business
on the Cut-off Date, the Trust Subordinate Companion Loan had an aggregate principal balance, after application of all payments
of principal due on or before such date, whether or not received, equal to $146,400,000.

 

WHOLE
LOANS

 

	Loan
    No.	Whole
    Loan	Type	Non-Serviced
    PSA	Non-Serviced
    Primary Servicing Fee Rate	Companion
    Loan  Type	Servicing
    Shift Lead Note (if any)
	2	225
    Bush	Serviced
    A/B	N/A	N/A	Pari
    Passu and Subordinate	N/A
	3	Innovation
    Park	Servicing
    Shift	(1)	N/A	Pari
    Passu	A-2

 

     6

     

    

 

	4	The
    Essex	Serviced
    A/B	N/A	N/A	Pari
    Passu and Subordinate	N/A
	5	180
    Water	Servicing
    Shift A/B	(1)	N/A	Pari
    Passu and Subordinate	(2)
	6	Harvey
    Building Products	Serviced	N/A	N/A	Pari
    Passu	N/A
	7	Legends
    at Village West	Serviced	N/A	N/A	Pari
    Passu	N/A
	9	Osborn
    Triangle	Non-Serviced
    A/B	JPMCC
    2019-OSB	0.00125%	Pari
    Passu and Subordinate	N/A
	10	Tysons
    Tower	Non-Serviced	BANK
    2019-BNK21	0.00250%	Pari
    Passu	N/A
	11	900
    & 990 Stewart Avenue	Non-Serviced	Benchmark
    2019-B13	0.00125%	Pari
    Passu	N/A
	12	Hilton
    Cincinnati Netherland Plaza	Serviced	N/A	N/A	Pari
    Passu	N/A
	19	Grand
    Canal Shoppes	Non-Serviced
    A/B	MSC
    2019-H7	0.00125%	Pari
    Passu and Subordinate	N/A
	20	230
    Park Avenue South	Non-Serviced	BANK
    2019-BNK21	0.00250%	Pari
    Passu	N/A
	23	8
    West Centre	Serviced	N/A	N/A	Pari
    Passu	N/A
	28	Sunset
    North	Non-Serviced	Benchmark
    2019-B13	0.00125%	Pari
    Passu	N/A
	29	600
    & 620 National Avenue	Non-Serviced	UBSCM
    2019-C17	0.00125%	Pari
    Passu	N/A
	30	City
    Hyde Park	Non-Serviced	Benchmark
    2019-B13	0.00125%	Pari
    Passu	N/A

 

 

		(1)	On
                                         and after the securitization of the related Servicing Shift Lead Note, the subject Whole
                                         Loan will be serviced pursuant to the Non-Serviced PSA governing the securitization of
                                         such Servicing Shift Lead Note.

 

		(2)	The
                                         Servicing Shift Lead Note will be the corresponding A note that is included with the
                                         B note in a securitization.

 

Each
of the Whole Loans listed above consists of the corresponding Mortgage Loan and one or more Companion Loans. With respect to any
Whole Loan, each of the Mortgage Loan and the Pari Passu Companion Loan(s) are pari passu with each other to the extent
provided in the related Intercreditor Agreement, and any AB Subordinate Companion Loan(s) is generally subordinate to the related
Mortgage Loan and any Pari Passu Companion Loan(s) to the extent provided in the related Intercreditor Agreement. Each Serviced
Whole Loan will be serviced and administered in accordance with this Agreement and the related Intercreditor Agreement. Each Non-Serviced
Whole Loan will be serviced and administered in accordance with the related Non-Serviced PSA and the related Intercreditor Agreement.
Each Servicing Shift Whole Loan will be serviced and administered in accordance with this Agreement and the related Intercreditor
Agreement prior to the related Servicing Shift Securitization Date, and will be serviced and administered in accordance with the
related Non-

 

     7

     

    

 

Serviced
PSA and the related Intercreditor Agreement on and after the related Servicing Shift Securitization Date.

 

The
Companion Loans are not part of the Trust Fund, but are each secured by the applicable Mortgage that secures the related Mortgage
Loan that is part of the Trust Fund. Amounts attributable to any Companion Loan will not be part of the Trust Fund, and (except
to the extent that such amounts are payable or reimbursable to any party to this Agreement) will be owned by the related Companion
Holders.

 

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

 

Article I

DEFINITIONS

 

Section 1.01      
Defined Terms. Whenever used in this Agreement, including in the Preliminary Statement, the following capitalized terms,
unless the context otherwise requires, shall have the meanings specified in this Article.

 

“10-K
Filing Deadline”: As defined in Section 11.05(a).

 

“15Ga-1
Notice”: As defined in Section 2.02(g).

 

“15Ga-1
Repurchase Request”: As defined in Section 2.02(g).

 

“17g-5
Information Provider”: The Certificate Administrator.

 

“17g-5
Information Provider’s Website”: The 17g-5 Information Provider’s Internet website, which shall initially
be located within the Certificate Administrator’s Website (initially “www.ctslink.com”), under the “NRSRO”
tab on the page relating to this transaction.

 

“30/360
Mortgage Loans”: The Mortgage Loans indicated as such in the Mortgage Loan Schedule.

 

“225
Bush Aggregate Principal Distribution Amount”: With respect to any Distribution Date, an amount equal to the sum of
the following amounts: (a) the 225 Bush Aggregate Principal Shortfall for such Distribution Date, (b) the 225 Bush Scheduled
Principal Distribution Amount for such Distribution Date and (c) the 225 Bush Unscheduled Principal Distribution Amount for
such Distribution Date; provided that the 225 Bush Aggregate Principal Distribution Amount for any Distribution Date shall
be reduced, to not less than zero, by the amount of any reimbursements of: (A) Nonrecoverable Advances, with interest on
such Nonrecoverable Advances at the Reimbursement Rate, that are paid or reimbursed from principal collections on the Trust Subordinate
Companion Loan in a period during which such principal collections would have otherwise been included in the 225 Bush Aggregate
Principal Distribution Amount for such Distribution Date; and (B) Workout-Delayed Reimbursement Amounts paid or reimbursed
from principal collections on the Trust Subordinate Companion

 

     8

     

    

 

Loan
in a period during which such principal collections would have otherwise been included in the 225 Bush Aggregate Principal Distribution
Amount for such Distribution Date (provided that, in the case of clauses (A) and (B) above, if any of
the amounts that were reimbursed from principal collections on the Trust Subordinate Companion Loan (including the portion of
any REO Loan allocable to the Trust Subordinate Companion Loan) are subsequently recovered on the related Trust Subordinate Companion
Loan (or the portion of any REO Loan allocable to the Trust Subordinate Companion Loan), such recovery will increase the 225 Bush
Aggregate Principal Distribution Amount for the Distribution Date related to the period in which such recovery occurs).

 

“225
Bush Aggregate Principal Shortfall”: For any Distribution Date after the initial Distribution Date with respect to the
Trust Subordinate Companion Loan, the amount, if any, by which (a) the related 225 Bush Aggregate Principal Distribution
Amount for the preceding Distribution Date exceeds (b) the aggregate amount actually distributed on the preceding Distribution
Date in respect of such 225 Bush Aggregate Principal Distribution Amount. The 225 Bush Aggregate Principal Shortfall for the initial
Distribution Date will be zero.

 

“225
Bush Assumed Scheduled Payment”: For any Collection Period and with respect to the Trust Subordinate Companion Loan
that is delinquent in respect of its Balloon Payment or any REO Loan (excluding, for purposes of determining or making P&I
Advances, the portion allocable to the 225 Bush Mortgage Loan), an amount equal to the sum of (a) the principal portion of the
Periodic Payment that would have been due on such Trust Subordinate Companion Loan or REO Loan on the related Due Date based on
the constant payment required by the related Mortgage Note or the original amortization schedule of such Trust Subordinate Companion
Loan (as calculated with interest at the related Mortgage Rate), if applicable, assuming such Balloon Payment has not become due,
after giving effect to any reduction in the principal balance thereof occurring in connection with a modification of such Trust
Subordinate Companion Loan in connection with a default or bankruptcy (or similar proceeding), and (b) interest on the Stated
Principal Balance of such Trust Subordinate Companion Loan or REO Loan (excluding, for purposes of determining P&I Advances,
the portion allocable to the 225 Bush Mortgage Loan, if applicable) at the applicable Mortgage Rate (net of interest at the Servicing
Fee Rate).

 

“225
Bush Available Funds”: With respect to each Distribution Date, an amount equal to the sum of (without duplication) (which,
for the avoidance of doubt, will not include any amounts received in respect of the Mortgage Loans):

 

(a)            
the aggregate amount of all cash received on the Trust Subordinate Companion Loan (including Compensating Interest Payments with
respect to the Trust Subordinate Companion Loan required to be deposited by the Master Servicer pursuant to Section 3.17(a)
and any REO Property on deposit in the Collection Account (in each case, exclusive of any amount on deposit in or credited
to any portion of the Collection Account that is held for the benefit of the holder of any Mortgage Loan, any other Companion
Loan or the holders of the Pooled Certificates), as of the close of business on the related Master Servicer Remittance Date, exclusive
of (without duplication):

 

     9

     

    

 

(i)          all Periodic Payments and any balloon payments paid by the Mortgagors of the Trust Subordinate Companion Loan that are due on
a Due Date following the end of the related Collection Period, excluding Excess Interest and interest relating to periods prior
to, but due after, the Cut-off Date;

 

(ii)         all unscheduled Principal Prepayments (together with any related payments of interest allocable to the period following the related
Due Date for the related Trust Subordinate Companion Loan), Liquidation Proceeds, Insurance and Condemnation Proceeds and other
unscheduled recoveries, in each case, received subsequent to the related Determination Date (or, with respect to voluntary Principal
Prepayments of the Trust Subordinate Companion Loan with a Due Date occurring after the related Determination Date, subsequent
to the related Due Date) allocable to the Trust Subordinate Companion Loan;

 

(iii)        (A) all amounts payable or reimbursable to any Person from the Collection Account pursuant to clauses (ii) through
(xviii), inclusive, and (xxi) of Section 3.05(a); (B) all amounts payable or reimbursable to any Person
from the Lower-Tier REMIC Distribution Account pursuant to clauses (ii) through (vii), inclusive, of Section
3.05(b); and (C) any Net Investment Earnings contained therein;

 

(iv)        with respect to the Trust Subordinate Companion Loan and any Distribution Date relating to each Interest Accrual Period occurring
in (1) each February or (2) any January in a year that is not a leap year (in each case, unless the related Distribution
Date is the final Distribution Date), an amount equal to one (1) day of interest on the Stated Principal Balance of the Trust
Subordinate Companion Loan as of the Due Date in the month preceding the month in which such Distribution Date occurs at the related
Mortgage Rate to the extent such amounts are Withheld Amounts;

 

(v)         all Prepayment Premiums and Yield Maintenance Charges allocable to the Trust Subordinate Companion Loan;

 

(vi)        all amounts deposited in the Collection Account in error; and

 

(vii)       any Penalty Charges allocable to the Trust Subordinate Companion Loan;

 

(b)         
if and to the extent not already included in clause (a) hereof, the aggregate amount transferred from the REO Accounts
allocable to the Trust Subordinate Companion Loan to the Collection Account for such Distribution Date pursuant to Section
3.14(c);

 

(c)         
the aggregate amount of any  P&I Advances made by the Master Servicer or the Trustee, as applicable, with respect to
the Trust Subordinate Companion Loan and the Distribution Date (net of any related Certificate Administrator/Trustee Fee and CREFC®
Intellectual Property Royalty License Fee with respect to the Trust Subordinate

 

     10

     

    

 

Companion
Loan for which such P&I Advances are made) pursuant to Section 4.03 or Section 7.05; and

 

(d)         with respect to any Distribution Date occurring in each March (or February, if the related Distribution Date is the final Distribution
Date), the Withheld Amounts related to the Trust Subordinate Companion Loan remitted to the Trust Subordinate Companion Loan REMIC
Distribution Account pursuant to Section 3.21(b).

 

(e)         
the 225 Bush Gain-on-Sale Remittance Amount for such Distribution Date.

 

Notwithstanding
the investment of funds held in the Collection Account pursuant to Section 3.06, for purposes of calculating the 225 Bush
Available Funds, the amounts so invested shall be deemed to remain on deposit in such account.

 

“225
Bush Control Eligible Certificates”: Any of the Class 225B-A, Class 225B-B, Class 225B-C, Class 225B-D and Class 225B-E
Certificates.

 

“225
Bush Controlling Class”: As of any date of determination, the most subordinate Class of 225 Bush Control Eligible Certificates
then outstanding that has a then aggregate Certificate Balance as notionally reduced by any Cumulative Appraisal Reduction Amounts
allocable to such Class in accordance with Section 4.05(a), at least equal to 25% of the Original Certificate Balance of
that Class; provided that if, at any time, the Certificate Balances of the Loan-Specific Certificates other than the 225
Bush Control Eligible Certificates have been reduced to zero as a result of the allocation of principal payments on the Trust
Subordinate Companion Loan, then the 225 Bush Controlling Class will be the most subordinate class among the 225 Bush Control
Eligible Certificates that has an aggregate Certificate Balance greater than zero without regard to any Cumulative Appraisal Reduction
Amounts. The 225 Bush Controlling Class as of the Closing Date will be the Class 225B-E Certificates.

 

“225
Bush Controlling Class Certificateholders”: Each Holder (or Certificate Owner, if applicable) of a Certificate of the
225 Bush Controlling Class as determined by the Certificate Registrar, from time to time, upon request by any party hereto. The
Trustee, the Master Servicer, the Special Servicer or the Operating Advisor may from time to time request (the cost of which being
an expense of the Trust) that the Certificate Administrator provide a list of the Holders (or Certificate Owners, if applicable)
of the 225 Bush Controlling Class and the Certificate Administrator shall promptly provide such list without charge to such Trustee,
Master Servicer, Operating Advisor or Special Servicer, as applicable. The Trustee, the Master Servicer, the Special Servicer
and the Operating Advisor shall be entitled to rely on any such list so provided.

 

“225
Bush Controlling Class Representative”: The initial 225 Bush Controlling Class Representative shall be FMR LLC, an affiliate
of Fidelity Management and Research. Thereafter, the 225 Bush Controlling Class Representative shall be the 225 Bush
Controlling Class Certificateholder (or a representative thereof) selected by more than 50% of the 225 Bush Controlling Class
Certificateholders, (by Certificate Balance, as determined by the Certificate Registrar from time to time); provided, however,
that (i) absent that selection, or (ii) until a 225 

 

     11

     

    

 

Bush
Controlling Class Representative is so selected or (iii) upon receipt of a notice from a majority of the 225 Bush Controlling
Class Certificateholders, by Certificate Balance, that a 225 Bush Controlling Class Representative is no longer designated, then
the 225 Bush Controlling Class Certificateholder that represents that it owns the largest aggregate Certificate Balance of the
225 Bush Controlling Class (with evidence of ownership) or a representative thereof, will be the 225 Bush Controlling Class Representative;
provided, however, that, in the case of this clause (iii), in the event that no one holder owns the largest
aggregate Certificate Balance of the 225 Bush Controlling Class, then there will be no 225 Bush Controlling Class Representative
until appointed in accordance with the terms of this Agreement. After the occurrence and during the continuance of a 225 Bush
Control Appraisal Period, there will be no 225 Bush Controlling Class Representative. The Depositor shall promptly provide the
name and contact information for the initial 225 Bush Controlling Class Representative upon request of any party to this Agreement
and any such requesting party may conclusively rely on the name and contact information provided by the Depositor. The Certificate
Administrator and the other parties hereto shall be entitled to assume that the identity of the 225 Bush Controlling Class Representative
has not changed until such parties receive written notice of a replacement of the 225 Bush Controlling Class Representative from
a party holding the requisite interest in the 225 Bush Controlling Class, or the resignation of the then-current 225 Bush Controlling
Class Representative.

 

“225
Bush Intercreditor Agreement”: That certain Agreement Between Note Holders, dated as of November 18, 2019, by and between
the holders of the respective promissory notes evidencing the 225 Bush Whole Loan, relating to the relative rights of such holders,
as the same may be further amended in accordance with the terms thereof.

 

“225
Bush Control Appraisal Period” shall have the meaning of “Control Appraisal Period”, as defined in the 225
Bush Intercreditor Agreement.

 

“225
Bush Gain-on-Sale Remittance Amount: The 225 Bush Non-VRR Gain-on-Sale Remittance Amount and the 225 Bush VRR Gain-on-Sale
Remittance Amount, collectively.

 

“225
Bush Loan-Specific Directing Certificateholder”: With respect to the 225 Bush Whole Loan, the 225 Bush Controlling Class
Representative.

 

“225
Bush Mortgage Loan”: With respect to the 225 Bush Whole Loan, the Mortgage Loan that is included in the Trust (identified
as Mortgage Loan No. 2 on the Mortgage Loan Schedule), which is designated as promissory notes A-1 and A-6. The 225 Bush
Trust Subordinate Companion Loan is subordinate to the 225 Bush Mortgage Loan.

 

“225
Bush Mortgaged Property”: The Mortgaged Properties which secures the 225 Bush Whole Loan.

 

“225
Bush Non-VRR Available Funds”: With respect to any Distribution Date, an amount equal to the 225 Bush Non-VRR Percentage
of the 225 Bush Available Funds for such Distribution Date.

 

     12

     

    

 

“225
Bush Non-VRR Excess Prepayment Interest Shortfall”: For any Distribution Date, the 225 Bush Non-VRR Percentage of the
Excess Prepayment Interest Shortfall allocated to a Trust Subordinate Companion Loan for such Distribution Date.

 

“225
Bush Non-VRR Gain-on-Sale Remittance Amount”: For each Distribution Date, the lesser of (i) the amount on deposit
in the 225 Bush Non-VRR Gain-on-Sale Reserve Account on such Distribution Date, and (ii) the amount distributable from the
225 Bush Non-VRR Gain-on-Sale Reserve Account pursuant to Section 4.01(g).

 

“225
Bush Non-VRR Gain-on-Sale Reserve Account”: A custodial account or accounts (or subaccount of the Distribution Account)
created and maintained by the Certificate Administrator, pursuant to Section 3.04(c) on behalf of the Trustee for the benefit
of the Loan-Specific Non-VRR Certificateholders, which shall initially be entitled “Wells Fargo Bank, National Association,
as Certificate Administrator, on behalf of Wells Fargo Bank, National Association, as Trustee, for the benefit of the registered
Holders of Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14, 225 Bush Non-VRR
Gain-on-Sale Reserve Account”. Any such account shall be an Eligible Account or a subaccount of an Eligible Account.

 

“225
Bush Non-VRR Interest Distribution Amount”: With respect to any Distribution Date and each Class of Loan-Specific Non-VRR
Certificates, an amount equal to (A) the sum of (i) the Interest Accrual Amount with respect to such Class of Certificates
for such Distribution Date and (ii) the Interest Shortfall, if any, with respect to such Class of Certificates for such Distribution
Date, less (B) any 225 Bush Non-VRR Excess Prepayment Interest Shortfall allocated to such Class of Certificates on such
Distribution Date.

 

For
purposes of clause (B) above, the 225 Bush Non-VRR Excess Prepayment Interest Shortfall, if any, for each Distribution
Date shall be allocated to each Class of Loan-Specific Non-VRR Certificates in an amount equal to the product of (i) the
amount of such 225 Bush Non-VRR Excess Prepayment Interest Shortfall and (ii) a fraction, the numerator of which is the Interest
Accrual Amount for such Class of Loan-Specific Non-VRR Certificates for such Distribution Date and the denominator of which is
the aggregate Interest Accrual Amounts for all Classes of Loan-Specific Non-VRR Certificates for such Distribution Date.

 

“225
Bush Non-VRR Percentage”: An amount expressed as a percentage equal to 100% minus the 225 Bush VRR Percentage. For the
avoidance of doubt, at all times, the sum of the 225 Bush VRR Percentage and the 225 Bush Non-VRR Percentage shall equal 100%.

 

“225
Bush Non-VRR Principal Distribution Amount”: With respect to any Distribution Date and the Loan-Specific Non-VRR Certificates,
an amount equal to the 225 Bush Non-VRR Percentage of the 225 Bush Aggregate Principal Distribution Amount for such Distribution
Date.

 

“225
Bush Non-VRR Realized Loss”: With respect to the Trust Subordinate Companion Loan and any Distribution Date, the amount,
if any, by which (i) the aggregate Certificate Balance of the Loan-Specific Non-VRR Certificates, after giving effect to
distributions of principal on such Distribution Date, exceeds (ii) the product of (a) the 225 Bush

 

     13

     

    

 

Non-VRR
Percentage and (b) the aggregate Stated Principal Balance (for purposes of this calculation, the aggregate Stated Principal
Balance will not be reduced by the amount of principal payments received on the Trust Subordinate Companion Loan that were used
to reimburse the Master Servicer or the Trustee from general collections of principal on the Trust Subordinate Companion Loan
for Workout-Delayed Reimbursement Amounts, to the extent those amounts are not otherwise determined to be Nonrecoverable Advances)
of the Trust Subordinate Companion Loan and any REO Loans (but in each case, including the Trust Subordinate Companion Loan and
excluding any portion allocable to the related Mortgage Loan and any other related Companion Loan) as of the end of the last day
of the related Collection Period.

 

“225
Bush Risk Retention Consultation Party”: A party selected by GAAC, as the 225B-VRR Interest holder. The Depositor shall
promptly provide the name and contact information for the initial 225 Bush Risk Retention Consultation Party upon request of any
party to this Agreement and any such requesting party may conclusively rely on the name and contact information provided by the
Depositor. The Certificate Administrator and the other parties hereto shall be entitled to assume that the identity of the 225
Bush Risk Retention Consultation Party has not changed until such parties receive written notice of (including the identity and
contact information for) a replacement of the 225 Bush Risk Retention Consultation Party from the Class 225B-VRR Certificateholder
(as confirmed by the Certificate Registrar). The initial 225 Bush Risk Retention Consultation Party shall be DBNY.

 

“225
Bush Scheduled Principal Distribution Amount”: With respect to any Distribution Date, the aggregate of the principal
portions of the following: (a) all Periodic Payments (excluding Balloon Payments) with respect to the Trust Subordinate Companion
Loan due during or, if and to the extent not previously received or advanced pursuant to Section 4.03 and distributed to
Certificateholders on a preceding Distribution Date, prior to the related Collection Period and all 225 Bush Assumed Scheduled
Payments with respect to the Trust Subordinate Companion Loan for the related Collection Period, in each case to the extent either
(i) paid by the related Mortgagor as of the related Determination Date (or, with respect to each Trust Subordinate Companion
Loan with a Due Date occurring or a Grace Period ending after the related Determination Date, the related Due Date or last day
of such Grace Period, as applicable, to the extent received by the Master Servicer as of the Business Day preceding the related
Master Servicer Remittance Date) or (ii) advanced by the Master Servicer or the Trustee, as applicable, pursuant to Section
4.03, and (b) all Balloon Payments allocable to the Trust Subordinate Companion Loan to the extent received on or prior
to the related Determination Date (or, with respect to each Trust Subordinate Companion Loan with a Due Date occurring, or a Grace
Period ending, after the related Determination Date, the related Due Date or, last day of such Grace Period, as applicable, to
the extent received by the Master Servicer as of the Business Day preceding the related Master Servicer Remittance Date), and
to the extent not included in clause (a) above.

 

“225
Bush Trust Subordinate Companion Loan”: With respect to the 225 Bush Whole Loan, the Companion Loans evidenced by the
promissory note B made by the related Mortgagor and secured by the Mortgage on the 225 Bush Mortgaged Property, which is included
in the Trust and which is subordinate in right of payment to the 225 Bush Mortgage Loan to the

 

     14

     

    

 

extent
set forth in the related Mortgage Loan documents and as provided in the 225 Bush Intercreditor Agreement.

 

“225
Bush Unscheduled Principal Distribution Amount”: With respect to any Distribution Date, the aggregate of the following:
(a) all Principal Prepayments received on the Trust Subordinate Companion Loan on or prior to the related Determination Date
and (b) the principal portions of all Liquidation Proceeds, Insurance and Condemnation Proceeds and, if applicable, REO Revenues
or otherwise, received with respect to the Trust Subordinate Companion Loan and any REO Property on or prior to the related Determination
Date, but in each case only to the extent that such principal portion represents a recovery of principal for which no advance
was previously made pursuant to Section 4.03 in respect of a preceding Distribution Date; provided that all such
Liquidation Proceeds and Insurance and Condemnation Proceeds will be reduced by any Special Servicing Fees, Liquidation Fees,
accrued interest on Advances and other additional expenses of the Trust incurred in connection with the related Trust Subordinate
Companion Loan.

 

“225
Bush VRR Allocation Percentage”: A fraction, expressed as a percentage, equal to the 225 Bush VRR Percentage divided
by the 225 Bush Non-VRR Percentage.

 

“225
Bush VRR Available Funds”: With respect to any Distribution Date, an amount equal to the 225 Bush VRR Percentage of
the 225 Bush Available Funds for such Distribution Date.

 

“225
Bush VRR Gain-on-Sale Remittance Amount”: For each Distribution Date, the lesser of (i) the amount on deposit in
the 225 Bush VRR Gain-on-Sale Reserve Account on such Distribution Date, and (ii) the amount distributable from the 225 Bush
VRR Gain-on-Sale Reserve Account pursuant to Section 4.01(g).

 

“225
Bush VRR Gain-on-Sale Reserve Account”: A custodial account or accounts (or subaccount of the Distribution Account)
created and maintained by the Certificate Administrator, pursuant to Section 3.04(e) on behalf of the Trustee for the benefit
of the Class 225B-VRR Certificateholder, which shall be entitled “Wells Fargo Bank, National Association, as Certificate
Administrator, on behalf of Wells Fargo Bank, National Association, as Trustee, for the benefit of the Class 225B-VRR Certificateholder
under the Pooling and Servicing Agreement for the benefit of the registered Holders of Benchmark 2019 B14 Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2019-B14, 225 Bush VRR Gain-on-Sale Reserve Account”. Any such account shall
be an Eligible Account or a subaccount of an Eligible Account.

 

“225
Bush VRR Interest Distribution Amount”: With respect to the Class 225B-VRR Certificates for any Distribution Date,
an amount equal to the product of (A) the 225 Bush VRR Allocation Percentage and (B) the aggregate amount distributed
to the Loan-Specific Non-VRR Certificateholders pursuant to Section 4.01(b)(i), (iv), (vii), (x) and (xiii) on such
Distribution Date.

 

“225
Bush VRR Percentage”: 5.0%.

 

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“225
Bush VRR Principal Distribution Amount”: With respect to the Class 225B-VRR Certificates for any Distribution Date,
an amount equal to the product of (A) the 225 Bush VRR Allocation Percentage and (B) the aggregate amount distributed
to the Loan-Specific Non-VRR Certificateholders pursuant to Section 4.01(b)(ii), (v), (viii), (xi)
and (xiv), on such Distribution Date.

 

“225
Bush VRR Realized Loss”: With respect to Trust Subordinate Companion Loan and any Distribution Date, the amount, if
any, by which (i) the aggregate Certificate Balance of the Class 225-VRR Certificates, after giving effect to distributions of
principal on such Distribution Date, exceeds (ii) the product of (a) the 225 Bush VRR Percentage and (b) the aggregate
Stated Principal Balance (for purposes of this calculation, the aggregate Stated Principal Balance will not be reduced by the
amount of principal payments received on the Trust Subordinate Companion Loan that were used to reimburse the Master Servicer
or the Trustee from general collections of principal on the Trust Subordinate Companion Loan for Workout-Delayed Reimbursement
Amounts, to the extent those amounts are not otherwise determined to be Nonrecoverable Advances) of the Trust Subordinate Companion
Loan and any REO Loans (but in each case, including the Trust Subordinate Companion Loan and excluding any portion allocable to
the related Mortgage Loan and any other related Companion Loan) as of the end of the last day of the related Collection Period.

 

“225
Bush Weighted Average Net Mortgage Rate”: With respect to any Distribution Date, a per annum rate equal to the
weighted average of the Net Mortgage Rates on the Trust Subordinate Companion Loan and REO Loans (but only the portion of any
REO Loan related to a Trust Subordinate Companion Loa) as of their respective Due Dates in the month preceding the month in which
such Distribution Date occurs, weighted on the basis of their respective Stated Principal Balances immediately following the Distribution
Date (or, if applicable, the Closing Date) in such preceding month.

 

“225
Bush Whole Loan”: The 225 Bush Mortgage Loan and the 225 Bush Trust Subordinate Companion Loan, each of which is secured
by the same Mortgage on the 225 Bush Mortgaged Property. References herein to the 225 Bush Whole Loan shall be construed to refer
to the aggregate indebtedness under the 225 Bush Mortgage Loan and the 225 Bush Trust Subordinate Companion Loan.

 

“AB
Intercreditor Agreement”: Any Intercreditor Agreement by and among the holder of an AB Subordinate Companion Loan and
the holder of the related Mortgage Loan and any holder(s) of any related Pari Passu Companion Loan, relating to the relative rights
of such holders of the related AB Whole Loan, as the same may be further amended in accordance with the terms thereof. For the
avoidance of doubt, each Intercreditor Agreement related to an AB Whole Loan is an AB Intercreditor Agreements related to the
Trust.

 

“AB
Control Appraisal Period”: The “Control Appraisal Period” or any similar term as defined in the related
AB Intercreditor Agreement for any Serviced AB Whole Loan.

 

“AB
Modified Loan”: Any Corrected Loan (1) that became a Corrected Loan (which includes for purposes of this definition
any Non-Serviced Mortgage Loan that became a

 

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“corrected
loan” (or any term substantially similar thereto) pursuant to the related Non-Serviced PSA) due to a modification thereto
that resulted in the creation of an A/B note structure (or similar structure) and as to which the new junior note(s) did not previously
exist or the principal amount of the new junior note(s) was previously part of either an A note held by the Trust or the original
unmodified Mortgage Loan or Trust Subordinate Companion Loan and (2) as to which an Appraisal Reduction Amount is not in effect.

 

“AB
Mortgage Loan”: A senior “A note” that is part of an AB Whole Loan and which is a Mortgage Loan that is
part of the Trust Fund.

 

“AB
Mortgaged Property”: The Mortgaged Property that secures the related AB Whole Loan.

 

“AB
Subordinate Companion Loan”: With respect to any AB Whole Loan, the related companion loan evidenced by the related
promissory note made by the related Mortgagor(s) and secured by the Mortgage on the related AB Mortgaged Property, which is not
included in the Trust (other than the Trust Subordinate Companion Loan) and which is subordinate in right of payment to the related
AB Mortgage Loan to the extent set forth in the related Mortgage Loan documents and as provided in the related Intercreditor Agreement.
The Companion Loans identified as note B related to the 225 Bush Whole Loan, note B-1 related to The Essex Whole Loan, note B
related to the 180 Water Whole Loan, note B-1 related to the Osborn Triangle Whole Loan and note B-1 related to the Grand Canal
Shoppes Whole Loan will each be AB Subordinate Companion Loans with respect to the Trust.

 

“AB
Whole Loan”: A Whole Loan that consists of such Mortgage Loan, Pari Passu Companion Loan(s) (if any) and one or more
related AB Subordinate Companion Loan(s). For the avoidance of doubt, the Whole Loans with Companion Loans identified as “Subordinate”
or “Pari Passu and Subordinate” under the column entitled “Companion Loan Type” in the “Whole Loan”
chart in the Preliminary Statement are the only AB Whole Loans related to the Trust.

 

“AB
Whole Loan Controlling Holder”: With respect to a Serviced AB Whole Loan, the “Controlling Noteholder”,
“Directing Lender” or similarly defined party identified in the related AB Intercreditor Agreement.

 

“Accelerated
Mezzanine Loan Lender”: A mezzanine lender under a mezzanine loan that has been accelerated or as to which foreclosure
or enforcement proceedings have been commenced against the equity collateral pledged to secure such mezzanine loan.

 

“Acceptable
Insurance Default”: With respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan) or Serviced Whole
Loan, a default under the related Mortgage Loan documents arising by reason of (i) any failure on the part of the related
Mortgagor to maintain with respect to the related Mortgaged Property specific insurance coverage with respect to, or an all-risk
casualty insurance policy that does not specifically exclude, terrorist or similar acts, and/or (ii) any failure on the part
of the related Mortgagor to maintain with respect to the related Mortgaged Property insurance coverage with respect to damages
or casualties caused by terrorist or similar acts upon terms not materially less favorable

 

     17

     

    

 

than
those in place as of the Closing Date, in each case as to which default the Master Servicer (with respect to any Non-Specially
Serviced Loan) or the Special Servicer (with respect to any Specially Serviced Loan) may forbear taking any enforcement action,
provided that the Master Servicer (with respect to any Non-Specially Serviced Loan) or the Special Servicer (with respect
to any Specially Serviced Loan) has determined in its reasonable judgment based on inquiry consistent with the Servicing Standard
(unless a Control Termination Event has occurred and is continuing (or other than with respect to any Excluded Loan), with the
consent of the Directing Certificateholder (and after a Control Termination Event has occurred, but prior to the occurrence of
a Consultation Termination Event (or other than with respect to any Excluded Loan), after consultation with the Directing Certificateholder
as provided in Section 6.08 hereof)), with respect to any Specially Serviced Loan, after non-binding consultation
with the Risk Retention Consultation Parties pursuant to Section 6.08 (or, with respect to a Serviced AB Whole Loan, and
prior to any related AB Control Appraisal Period, with the consent of the related AB Whole Loan Controlling Holder to the extent
required under the related Intercreditor Agreement), that either (a) such insurance is not available at commercially reasonable
rates and that such hazards are not at the time commonly insured against for properties similar to the related Mortgaged Property
and located in or around the region in which such related Mortgaged Property is located, or (b) such insurance is not available
at any rate; provided, however, that the Directing Certificateholder and the Risk Retention Consultation Parties
as applicable, (or, with respect to a Serviced AB Whole Loan, the AB Whole Loan Controlling Holder prior to any AB Control Appraisal
Period to the extent required under the related Intercreditor Agreement) will not have more than thirty (30) days to respond to
the Special Servicer’s request for such consent or consultation; provided, further, that upon the Special
Servicer’s determination, consistent with the Servicing Standard, that exigent circumstances do not allow the Special Servicer
to consult with the Directing Certificateholder or any applicable AB Whole Loan Controlling Holder, as applicable, the Special
Servicer is not required to do so. The Special Servicer (at the expense of the Trust Fund) shall be entitled to rely on insurance
consultants in making the determinations described above.

 

“Act”:
The Securities Act of 1933, as it may be amended from time to time.

 

“Actual/360
Basis”: Interest accrual on the basis of the actual number of days in a month assuming a 360-day year.

 

“Actual/360
Loans”: The Mortgage Loans and the Trust Subordinate Companion Loan, to the extent indicated as such in the Mortgage
Loan Schedule.

 

“Additional
Debt”: With respect to any Mortgage Loan, any debt owed by the related Mortgagor to a party other than the lender under
such Mortgage Loan that is secured by the related Mortgaged Property as of the Closing Date as set forth on Schedule 1 hereto,
as increased or decreased from time to time pursuant to the terms of the related subordinate or pari passu loan documents
(including any Intercreditor Agreement or subordination agreement).

 

“Additional
Disclosure Notification”: The form of notification to be included with any Additional Form 10-D Disclosure, Additional
Form 10-K Disclosure or Form 8-K Disclosure Information which is attached hereto as Exhibit EE.

 

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“Additional
Exclusions”: Exclusions in addition to those customarily found in the insurance policies for mortgaged properties similar
to the Mortgaged Properties on or prior to September 11, 2001.

 

“Additional
Form 10-D Disclosure”: As defined in Section 11.04(a).

 

“Additional
Form 10-K Disclosure”: As defined in Section 11.05(a).

 

“Additional
Servicer”: Each Affiliate of the Master Servicer, the Special Servicer or any Mortgage Loan Seller that Services any
of the Mortgage Loans or the Trust Subordinate Companion Loan, as applicable, and each Person who is not an Affiliate of the Master
Servicer, other than the Special Servicer, who Services 10% or more of the Mortgage Loans and the Trust Subordinate Companion
Loan by unpaid principal balance as of any date of determination pursuant to Article XI.

 

“Administrative
Cost Rate”: As of any date of determination and with respect to each Mortgage Loan and the Trust Subordinate Companion
Loan, a per annum rate equal to the sum of the Servicing Fee Rate, the Certificate Administrator Fee Rate (which fee rate
accounts for the Trustee Fee), the Operating Advisor Fee Rate (other than with respect to the Trust Subordinate Companion Loan),
the Asset Representations Reviewer Fee Rate (other than with respect to the Trust Subordinate Companion Loan) and the CREFC®
Intellectual Property Royalty License Fee Rate and, in the case of each Non-Serviced Mortgage Loan, the related Non-Serviced
Primary Servicing Fee Rate.

 

“Advance”:
Any P&I Advance or Servicing Advance.

 

“Adverse
REMIC Event”: As defined in Section 10.01(f).

 

“Affected
Party”: As defined in Section 7.01(b).

 

“Affected
Reporting Party”: As defined in Section 11.12.

 

“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.

 

“Affirmative
Asset Review Vote”: As defined in Section 12.01(a).

 

“Agreement”:
This Pooling and Servicing Agreement and all amendments hereof and supplements hereto.

 

“Anticipated
Repayment Date”: With respect to each Mortgage Loan that is indicated on the Mortgage Loan Schedule as having a Revised
Rate, the date upon which Mortgage Loan commences accruing interest at such Revised Rate.

 

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“Applicable
Laws”: As defined in Section 8.15.

 

“Applicable
State and Local Tax Law”: For purposes hereof, the Applicable State and Local Tax Law shall be (a) the tax laws
of the State of New York; and (b) such other state or local tax laws whose applicability shall have been brought to the attention
of the Trustee and the Certificate Administrator by either (i) an Opinion of Counsel delivered to it, or (ii) written
notice from the appropriate taxing authority as to the applicability of such state or local tax laws.

 

“Appraisal”:
An appraisal prepared by an appraiser who is licensed or certified to prepare appraisals in the state where the Mortgaged Property
is located, as appropriate; provided that each appraiser will be required to represent 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 and has certified that such appraiser had no interest,
direct or indirect, in the Mortgaged Property or the Mortgagor or in any loan made on the security thereof, and its compensation
is not affected by the approval or disapproval of the Mortgage Loan.

 

“Appraisal
Reduction Amount”: For any Distribution Date and for any Mortgage Loan (other than a Non-Serviced Mortgage Loan), Serviced
Companion Loan, or any Serviced Whole Loan as to which any Appraisal Reduction Event has occurred, will be an amount, calculated
by the Master Servicer ((i) prior to the occurrence of a Consultation Termination Event and only with respect to any Mortgage
Loan other than an Excluded Loan in consultation with the Directing Certificateholder and (ii) in consultation with the Special
Servicer, provided that the Special Servicer will be entitled to consult for a period of no longer than two (2) Business
Days, so long as the Special Servicer provided the related Appraisal or the valuation described below more than two (2) Business
Days prior to the related Determination Date for the Collection Period during which the related Appraisal is received by the Special
Servicer), after the occurrence and during the continuation of a Control Termination Event, in consultation with the Operating
Advisor, as of the first Determination Date that is at least ten (10) Business Days following the date on which the Master Servicer
receives from the Special Servicer the related Appraisal or the valuation described below, equal to the excess of (a) the Stated
Principal Balance of that Mortgage Loan or the Stated Principal Balance of the applicable Serviced Whole Loan over (b) the
excess of (i) the sum of (A) 90% of the Appraised Value of the related Mortgaged Property as determined (1) by one or
more Appraisals obtained by the Special Servicer with respect to that Mortgage Loan (together with any related Crossed Underlying
Loan) or Serviced Whole Loan, as the case may be, with an outstanding principal balance equal to or in excess of $2,000,000 (the
costs of which shall be paid by the Master Servicer as an Advance) or (2) at the Special Servicer’s option, either (i) by
an Appraisal obtained by the Special Servicer (the costs of which shall be paid by the Master Servicer as an Advance) or (ii)
by an internal valuation performed by the Special Servicer with respect to any Mortgage Loan (together with any related Crossed
Underlying Loan) or Serviced Whole Loan, as the case may be, with an outstanding principal balance less than $2,000,000, minus,
with respect to any Appraisals, such downward adjustments as the Special Servicer may make (without implying any obligation to
do so) based upon its review of the Appraisal and any other information it deems relevant, (B) all escrows, letters of credit
and reserves in respect of such Mortgage Loan or Serviced Whole Loan, as applicable, as of the date of calculation and (C) all
Insurance and Condemnation Proceeds that constitute collateral for the related Mortgage Loan or Serviced

 

     20

     

    

 

Whole
Loan over (ii) the sum of, as of the Due Date occurring in the month of the date of determination, (A) to the extent
not previously advanced by the Master Servicer or the Trustee, all unpaid interest due on such Mortgage Loan or Serviced Whole
Loan, as the case may be, at a per annum rate equal to its Mortgage Rate (and, with respect to any AB Whole Loan, any accrued
and unpaid interest on the related AB Subordinate Companion Loan, as applicable), (B) all P&I Advances on the related
Mortgage Loan and all Servicing Advances on the related Mortgage Loan or Serviced Whole Loan, as applicable, not reimbursed from
proceeds of such Mortgage Loan or Serviced Whole Loan, as applicable, and interest thereon at the Reimbursement Rate in respect
of such Mortgage Loan or Serviced Whole Loan, as applicable, and (C) all currently due and unpaid real estate taxes, assessments,
insurance premiums, ground rents, unpaid Special Servicing Fees and all other amounts due and unpaid (including any capitalized
interest whether or not then due and payable) with respect to such Mortgage Loan or Serviced Whole Loan, as the case may be (which
taxes, premiums, ground rents and other amounts have not been the subject of an Advance by the Master Servicer, the Special Servicer
or the Trustee, as applicable); provided, however, without limiting the Special Servicer’s obligation to order
and obtain such Appraisal or perform such valuation, if the Special Servicer has not obtained an Appraisal or performed such valuation,
as applicable, referred to above within sixty (60) days of the Appraisal Reduction Event, the Appraisal Reduction Amount shall
be deemed to be an amount equal to 25% of the current Stated Principal Balance of the related Mortgage Loan or Serviced Whole
Loan, as applicable, until such time as such appraisal or valuation referred to above is received by the Special Servicer and
the Appraisal Reduction Amount is calculated by the Master Servicer as of the first Determination Date that is at least ten (10)
Business Days following the date the Master Servicer receives from the Special Servicer such Appraisal or valuation and receipt
of information requested by the Master Servicer from the Special Servicer reasonably necessary to calculate the Appraisal Reduction
Amount. Within sixty (60) days after the Appraisal Reduction Event, the Special Servicer shall order and use reasonable efforts
to receive an Appraisal (the cost of which shall be paid by the Master Servicer as a Servicing Advance); provided, further,
however, that in no event shall the Special Servicer be required to order any such Appraisal prior to the conclusion of
such sixty (60) day period, as applicable, and in each case, the related Appraisal shall be promptly delivered in electronic format
by the Special Servicer to the Master Servicer, the Directing Certificateholder (but only prior to the occurrence of a Consultation
Termination Event), the Certificate Administrator and the Trustee. In addition, the Special Servicer shall provide (via electronic
delivery) the Master Servicer with any information in its possession that is reasonably required to determine, redetermine, calculate
or recalculate any Appraisal Reduction Amount or Collateral Deficiency amount pursuant to their definitions using reasonable efforts
to deliver such information within five (5) Business Days of the Master Servicer’s reasonable request. The Special Servicer
will not calculate Appraisal Reduction Amounts.

 

With
respect to any Appraisal Reduction Amount calculated for purposes of determining the existence and identity of the Controlling
Class pursuant to Section 4.05(a) hereof, the Appraised Value for the related Mortgaged Property determined in connection
with clause (b)(i)(A)(1) or clause (b)(i)(A)(2) of the first paragraph of this definition shall be determined
on an “as-is” basis.

 

Notwithstanding
anything herein to the contrary, the aggregate Appraisal Reduction Amount related to a Mortgage Loan or Trust Subordinate Companion
Loan, as the

 

     21

     

    

 

case
may be, or the related REO Property will be reduced to zero as of the date on which such Mortgage Loan is paid in full, liquidated,
repurchased or otherwise removed from the Trust or as otherwise set forth in Section 4.05(d).

 

Any
Appraisal Reduction Amount in respect of a Non-Serviced Whole Loan shall be calculated by the applicable party under and in accordance
with and pursuant to the terms of the applicable Non-Serviced PSA.

 

Any
Appraisal Reduction Amount with respect to any 225 Bush Whole Loan will be allocated first to the related Trust Subordinate Companion
Loan (until its principal balance is notionally reduced to zero by such related Appraisal Reduction Amounts) and then to the related
225 Bush Mortgage Loan.

 

“Appraisal
Reduction Event”: With respect to any Mortgage Loan (other than a Non-Serviced Mortgage Loan), Serviced Companion Loan
and Serviced Whole Loan, the earliest of (i) one hundred twenty (120) days after an uncured delinquency (without regard to
the application of any Grace Period), other than any uncured delinquency in respect of a Balloon Payment, occurs in respect of
such Mortgage Loan or related Companion Loan, as applicable, (ii) the date on which a reduction in the amount of Periodic
Payments on such Mortgage Loan or Companion Loan, as applicable, or a change in any other material economic term of such Mortgage
Loan or Companion Loan, as applicable, (other than an extension of the Maturity Date), becomes effective as a result of a modification
of such Mortgage Loan or Companion Loan, as applicable, by the Special Servicer, (iii) thirty (30) days after the date on
which a receiver has been appointed for the Mortgaged Property, (iv) thirty (30) days after the date on which a Mortgagor
or the tenant at a single tenant property declares bankruptcy (and not otherwise dismissed within such time), (v) sixty (60)
days after the date on which an involuntary petition of bankruptcy is filed with respect to a Mortgagor if not dismissed within
such time, (vi) a payment default has occurred with respect to the related Balloon Payment; provided, however,
if (A) the related Mortgagor is diligently seeking a refinancing commitment (and delivers a statement to that effect to the Master
Servicer within thirty (30) days after the payment default, who will be required to promptly deliver a copy to the Special Servicer,
the Operating Advisor and the Directing Certificateholder (but only prior to the occurrence of a Consultation Termination Event)),
(B) the related Mortgagor continues to make its Pooled Assumed Scheduled Payment or 225 Bush Assumed Scheduled Payment, as applicable,
(C) no other Appraisal Reduction Event has occurred with respect to that Mortgage Loan or Serviced Whole Loan, and (D) for so
long as no Control Termination Event has occurred and is continuing, the Directing Certificateholder consents, an Appraisal Reduction
Event will not occur until sixty (60) days beyond the related Maturity Date, unless extended by the Special Servicer in accordance
with the Mortgage Loan documents or this Agreement; and provided, further, if the related Mortgagor has delivered
to the Master Servicer, who will be required to promptly deliver a copy to the Special Servicer, the Operating Advisor and the
Directing Certificateholder (but only prior to the occurrence of a Consultation Termination Event), on or before the sixtieth
(60th) day after the related Maturity Date, a refinancing commitment reasonably acceptable to the Special Servicer,
and the Mortgagor continues to make its Assumed Scheduled Payments or 225 Bush Assumed Scheduled Payment, as applicable (and no
other Appraisal Reduction Event has occurred with respect to that Mortgage Loan or Serviced Whole Loan), an Appraisal Reduction
Event will not occur until the earlier of (1) one hundred twenty (120) days beyond the related

 

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Maturity
Date (or extended Maturity Date) and (2) the termination of the refinancing commitment, and (vii) immediately after such
Mortgage Loan or related Companion Loan, as applicable, becomes an REO Loan; provided that the thirty (30) day period referenced
in clauses (iii) and (iv) shall not apply if the related Mortgage Loan is a Specially Serviced Loan; provided, further,
however, that an Appraisal Reduction Event shall not occur at any time when the aggregate Certificate Balances of all Classes
of Subordinate Certificates have been reduced to zero. The Special Servicer shall notify the Master Servicer, the Directing Certificateholder
and the Operating Advisor, or the Master Servicer shall notify the Special Servicer and the Operating Advisor, as applicable,
promptly upon such Person having notice or knowledge of the occurrence of any of the foregoing events. The obligation to obtain
an Appraisal following the occurrence of an Appraisal Reduction Event shall be subject to the provisions of Section 4.04
hereof.

 

“Appraisal
Review Period”: As defined in Section 4.05(b)(ii).

 

“Appraised-Out
Class”: As defined in Section 4.05(b)(i).

 

“Appraised
Value”: With respect to any Mortgaged Property (other than a Non-Serviced Mortgaged Property), the appraised value thereof
as determined by the most recent Appraisal of the Mortgaged Property securing the related Mortgage Loan, Serviced Whole Loan or
AB Whole Loan, as applicable, and with respect to a Non-Serviced Mortgaged Property, the appraised value allocable thereto, as
determined pursuant to the applicable Non-Serviced PSA.

 

“Arbitration
Rules”: As defined in Section 2.03(n)(i).

 

“Arbitration
Services Provider”: As defined in Section 2.03(n)(i).

 

“ARD
Loan”: Any Mortgage Loan that is identified on the Mortgage Loan Schedule as having an Anticipated Repayment Date and
Revised Rate. As of the Closing Date, there are no ARD Loans related to the Trust.

 

“ASR
Consultation Process”: As defined in Section 3.19(d).

 

“Asset
Representations Reviewer”: Pentalpha Surveillance LLC, a Delaware limited liability company, and its successors in interest
and assigns, or any successor asset representations reviewer appointed as herein provided.

 

“Asset
Representations Reviewer Asset Review Fee”: As defined in Section 12.02(b).

 

“Asset
Representations Reviewer Cap”: As defined in Section 12.02(b).

 

“Asset
Representations Reviewer Fee”: As defined in Section 12.02(a).

 

“Asset
Representations Reviewer Fee Rate”: As defined in Section 12.02(a).

 

“Asset
Representations Reviewer Termination Event”: As defined in Section 12.05(a).

 

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“Asset
Review”: As defined in Section 12.01(b)(iv).

 

“Asset
Review Notice”: As defined in Section 12.01(a).

 

“Asset
Review Quorum”: In connection with any solicitation of votes to authorize an Asset Review as described in Section 12.01(a),
the Certificateholders evidencing at least 5% of the aggregate Pooled Voting Rights represented by all Certificates.

 

“Asset
Review Report”: As defined in Section 12.01(b)(viii), a report setting forth the findings and conclusions
of an Asset Review substantially in the form attached hereto as Exhibit OO.

 

“Asset
Review Report Summary”: As defined in Section 12.01(b)(viii), a summary report setting forth the conclusions
of an Asset Review Report substantially in the form attached hereto as Exhibit PP.

 

“Asset
Review Standard”: The performance of the Asset Representations Reviewer of its duties under this Agreement in good faith
subject to the express terms of this Agreement. All determinations or assumptions made by the Asset Representations Reviewer in
connection with an Asset Review shall be made in the Asset Representations Reviewer’s good faith discretion and judgment
based on the facts and circumstances known to it at the time of such determination or assumption.

 

“Asset
Review Trigger”: Any time that (1) Mortgage Loans having an aggregate outstanding principal balance of 25.0% or more
of the aggregate outstanding principal balance of all of the Mortgage Loans (including any REO Loans) (or a portion of any REO
Loan in the case of a Whole Loan) held by the Trust as of the end of the applicable Collection Period are Delinquent Loans or
(2)(A) prior to and including the second anniversary of the Closing Date, at least ten (10) Mortgage Loans are Delinquent
Loans and the outstanding principal balance of such Delinquent Loans in the aggregate constitutes at least 15.0% of the aggregate
outstanding principal balance of all of the Mortgage Loans (including any REO Loans (or a portion of any REO Loan in the case
of a Whole Loan)) as of the end of the applicable Collection Period or (B) after the second anniversary of the Closing Date,
at least fifteen (15) Mortgage Loans are Delinquent Loans and the outstanding principal balance of such Delinquent Loans in the
aggregate constitutes at least 20.0% of the aggregate outstanding principal balance of all of the Mortgage Loans (including any
REO Loans (or a portion of any REO Loan in the case of a Whole Loan)) as of the end of the applicable Collection Period.

 

“Asset
Review Vote Election”: As defined in Section 12.01(a).

 

“Asset
Status Report”: As defined in Section 3.19(d).

 

“Assignment”
and “Assignments”: Each as defined in Section 2.01(c).

 

“Assignment
of Leases”: With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar instrument
executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation,
leasing or disposition of all or a portion of such Mortgaged Property, in the form

 

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which
was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time
to time hereafter.

 

“Assignment
of Mortgage”: An assignment of Mortgage without recourse, notice of transfer or equivalent instrument, in recordable
form, which is sufficient under the laws of the jurisdiction in which the related Mortgaged Property is located to reflect of
record the sale of the Mortgage, which assignment, notice of transfer or equivalent instrument may be in the form of one or more
blanket assignments covering Mortgages encumbering Mortgaged Properties located in the same jurisdiction, if permitted by law
and acceptable for recording.

 

“Authenticating
Agent”: The Certificate Administrator or any agent of the Certificate Administrator appointed to act as Authenticating
Agent pursuant to Section 5.02(a).

 

“Available
Funds”: With respect to any Distribution Date, will equal (i) with respect to distributions to be made on the Pooled
Certificates, the VRR Interest and the Class R Certificates, the Pooled Aggregate Available Funds and (ii) in the case of the
distributions to be made on the Loan-Specific Certificates and the Class R Certificates, the 225 Bush Available Funds.

 

“Balloon
Mortgage Loan”: Any Mortgage Loan or Companion Loan that by its original terms or by virtue of any modification entered
into as of the Closing Date provides for an amortization schedule for such Mortgage Loan or Companion Loan extending beyond its
Maturity Date.

 

“Balloon
Payment”: With respect to any Balloon Mortgage Loan, as of any date of determination, the Periodic Payment payable on
the Maturity Date of such Balloon Mortgage Loan.

 

“Bankruptcy
Code”: The federal Bankruptcy Code, as amended from time to time (Title 11 of the United States Code).

 

“Base
Interest Fraction”: As defined in Section 4.01(e).

 

“Book-Entry
Certificate”: Any Certificate registered in the name of the Depository or its nominee.

 

“Borrower
Party”: A borrower, a Mortgagor, a manager of a Mortgaged Property, an Accelerated Mezzanine Loan Lender, or any Borrower
Party Affiliate.

 

“Borrower
Party Affiliate”: With respect to a borrower, a Mortgagor, a manager of a Mortgaged Property or an Accelerated Mezzanine
Loan Lender, (a) any other Person controlling or controlled by or under common control with such borrower, Mortgagor, manager
or Accelerated Mezzanine Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25%) or more of the
beneficial interests in such borrower, Mortgagor, manager or Accelerated Mezzanine Loan Lender, as applicable. For 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

 

     25

     

    

 

securities,
by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the
foregoing.

 

“Breach”:
With respect to any Mortgage Loan or Trust Subordinate Companion Loan, a breach of any representation or warranty with respect
to such Mortgage Loan or Trust Subordinate Companion Loan set forth in Section 6(c) of the related Mortgage Loan Purchase
Agreement.

 

“Business
Day”: Any day other than a Saturday, a Sunday or a day on which banking institutions in North Carolina, California,
Minnesota, New York, Kansas, Pennsylvania or any of the jurisdictions in which the respective primary servicing offices of either
the Master Servicer or the Special Servicer or the Corporate Trust Offices of either the Certificate Administrator or the Trustee
are located, or the New York Stock Exchange or the Federal Reserve System of the United States of America, are authorized or obligated
by law or executive order to remain closed.

 

“CERCLA”:
The Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended.

 

“Certificate”:
Any one of the Depositor’s Commercial Mortgage Pass-Through Certificates, Series 2019-B14, as executed and delivered by
the Certificate Registrar and authenticated and delivered hereunder by the Authenticating Agent.

 

“Certificate
Administrator”: Wells Fargo Bank, National Association, in its capacity as certificate administrator, or if any successor
certificate administrator is appointed thereto pursuant to Section 5.08 or any successor certificate administrator
appointed hereunder. Wells Fargo Bank, National Association will perform its duties as certificate administrator hereunder through
its Corporate Trust Services division.

 

“Certificate
Administrator Fee”: The fee to be paid to the Certificate Administrator as compensation for the Certificate Administrator’s
activities under this Agreement.

 

“Certificate
Administrator Fee Rate”: The Certificate Administrator Fee shall be equal to the product of the rate equal to 0.00570%
per annum and the Stated Principal Balance of the related Mortgage Loan and the Trust Subordinate Companion Loan (calculated
in the same manner as interest is calculated on the related Mortgage Loan or Trust Subordinate Companion Loan) or REO Loan (including
any Non-Serviced Mortgage Loan, but not the portion of an REO Loan related to any Companion Loan (other than the Trust Subordinate
Companion Loan)) as of the preceding Distribution Date.

 

“Certificate
Administrator’s Website”: The Certificate Administrator’s Internet website, which shall initially be located
at www.ctslink.com.

 

“Certificate
Balance”: With respect to any Class of Principal Balance Certificates, the VRR Interest and the 225B-VRR Interest, (i) on
or prior to the first Distribution Date, an amount equal to the Original Certificate Balance of such Class, as specified in the
Preliminary Statement hereto and (ii) as of any date of determination after the first Distribution

 

     26

     

    

 

Date,
the Certificate Balance of such Class of Certificates on the Distribution Date immediately prior to such date of determination
(determined as adjusted pursuant to Section 1.02(iii)).

 

“Certificate
Factor”: With respect to any Class of Certificates (other than the Class R and Class S Certificates), as of any
date of determination, a fraction, expressed as a decimal carried to at least eight (8) places, the numerator of which is
the then related Certificate Balance or Notional Amount, and the denominator of which is the related Original Certificate Balance.

 

“Certificate
Owner”: With respect to a Book-Entry Certificate, the Person who is the beneficial owner of such Certificate as reflected
on the books of the Depository or on the books of a Depository Participant or on the books of an indirect participating brokerage
firm for which a Depository Participant acts as agent.

 

“Certificate
Register” and “Certificate Registrar”: The register maintained and registrar appointed pursuant to
Section 5.03(a).

 

“Certificateholder”
or “Holder”: The Person in whose name a Certificate is registered in the Certificate Register or any beneficial
owner thereof; provided, however, that solely for the purposes of giving any consent, approval, waiver or taking
any action pursuant to this Agreement, any Certificate registered in the name of or beneficially owned by the Master Servicer,
the Special Servicer (including, for the avoidance of doubt, any Excluded Special Servicer), the Trustee, the Certificate Administrator,
the Depositor, any Mortgage Loan Seller, a Borrower Party or any Sub-Servicer (as applicable) or Affiliate of any of such Persons
shall be deemed not to be outstanding (provided that notwithstanding the foregoing, any Controlling Class Certificates
owned by an Excluded Controlling Class Holder shall not be deemed to be outstanding as to such Excluded Controlling Class Holder
solely with respect to any related Excluded Controlling Class Loan; and provided, further, that any Controlling
Class Certificates owned by the Special Servicer or an Affiliate thereof shall not be deemed to be outstanding as to the Special
Servicer or such Affiliate solely with respect to any related Excluded Special Servicer Loan), and the Voting Rights to which
it is entitled shall not be taken into account in determining whether the requisite percentage of Voting Rights necessary to effect
any such consent, approval, waiver or take any such action has been obtained; provided, however, that the foregoing
restrictions shall not apply in the case of the Master Servicer, the Special Servicer (including, for the avoidance of doubt,
any Excluded Special Servicer), the Trustee, the Certificate Administrator, the Depositor, any Mortgage Loan Seller or any Affiliate
of any of such Persons unless such consent, approval or waiver sought from such party would in any way increase its compensation
or limit its obligations in the named capacities hereunder or waive a Servicer Termination Event or trigger an Asset Review with
respect to such Mortgage Loan; provided, further, that so long as there is no Servicer Termination Event with respect
to the Master Servicer or the Special Servicer, the Master Servicer and the Special Servicer or such Affiliate of either shall
be entitled to exercise such Voting Rights with respect to any issue which could reasonably be believed to adversely affect such
party’s compensation or increase its obligations or liabilities hereunder; and provided, further, that such
restrictions shall not apply to (i) the exercise of the Special Servicer’s, the Master Servicer’s or any Mortgage
Loan Seller’s rights, if any, or any of their Affiliates as a member of the Controlling Class or (ii) any Affiliate

 

     27

     

    

 

of
the Depositor, the Master Servicer, the Special Servicer, the Trustee, or the Certificate Administrator that has provided an Investor
Certification in which it has certified as to the existence of certain policies and procedures restricting the flow of information
between it and the Depositor, the Master Servicer, the Special Servicer, the Trustee, or the Certificate Administrator, as applicable.
The Trustee and the Certificate Administrator shall each be entitled to request and rely upon a certificate of the Master Servicer,
the Special Servicer or the Depositor in determining whether a Certificate is registered in the name of an Affiliate of such Person.
All references herein to “Holders” or “Certificateholders” shall reflect the rights of Certificate Owners
as they may indirectly exercise such rights through the Depository and the Depository Participants, except as otherwise specified
herein; provided, however, that the parties hereto shall be required to recognize as a “Holder” or “Certificateholder”
only the Person in whose name a Certificate is registered in the Certificate Register. The Trustee shall be the Holder of the
Lower-Tier Regular Interests for the benefit of the Certificateholders.

 

“Certificateholder
Repurchase Request”: As defined in Section 2.03(k)(i).

 

“Certification
Parties”: As defined in Section 11.06.

 

“Certification
Party”: Any one of the Certification Parties.

 

“Certifying
Person”: As defined in Section 11.06.

 

“Certifying
Servicer”: As defined in Section 11.09.

 

“Class”:
With respect to any Certificates, Lower-Tier Regular Interests or Trust Subordinate Companion Loan REMIC Regular Interests, all
of the Certificates bearing the same alphabetical (and, if applicable, numerical) Class designation, each designated Trust Subordinate
Companion Loan REMIC Regular Interest, each designated Lower-Tier Regular Interest and each separately designated Class VRR Upper-Tier
Regular Interest.

 

“Class 225B-A
Certificate”: A Certificate designated as “Class 225B-A” on the face thereof, in the form of Exhibit A-21
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class 225B-A
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the 225 Bush Weighted Average
Net Mortgage Rate.

 

“Class 225B-B
Certificate”: A Certificate designated as “Class 225B-B” on the face thereof, in the form of Exhibit A-22
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class 225B-B
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the 225 Bush Weighted Average
Net Mortgage Rate.

 

“Class 225B-C
Certificate”: A Certificate designated as “Class 225B-C” on the face thereof, in the form of Exhibit A-23
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

     28

     

    

 

“Class 225B-C
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the 225 Bush Weighted Average
Net Mortgage Rate.

 

“Class 225B-D
Certificate”: A Certificate designated as “Class 225B-D” on the face thereof, in the form of Exhibit A-24
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class 225B-D
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the 225 Bush Weighted Average
Net Mortgage Rate.

 

“Class 225B-E
Certificate”: A Certificate designated as “Class 225B-E” on the face thereof, in the form of Exhibit A-25
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class 225B-E
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the 225 Bush Weighted Average
Net Mortgage Rate.

 

“Class 225B-R
Interest”: The uncertificated residual interest in the Trust Subordinate Companion Loan REMIC, represented by the Class
R Certificates.

 

“Class 225B-VRR
Certificate”: A Certificate designated as “Class 225B-VRR” on the face thereof, in the form of Exhibit A-26
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class A
Certificate”: Any Class A-1, Class A-2, Class A-3, Class A-4, Class  A-5, Class A-SB and
Class A-S Certificate.

 

“Class A-1
Certificate”: A Certificate designated as “Class A-1” on the face thereof, in the form of Exhibit A-1
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class A-1
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to a fixed rate of 2.0722%.

 

“Class A-2
Certificate”: A Certificate designated as “Class A-2” on the face thereof, in the form of Exhibit A-2
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class A-2
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to a fixed rate of 2.9147%.

 

“Class A-3
Certificate”: A Certificate designated as “Class A-3” on the face thereof, in the form of Exhibit A-3
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class A-3
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to a fixed rate of 3.0902%.

 

     29

     

    

 

“Class A-4
Certificate”: A Certificate designated as “Class A-4” on the face thereof, in the form of Exhibit A-4
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class A-4
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to a fixed rate of 2.7946%.

 

“Class A-5
Certificate”: A Certificate designated as “Class A-5” on the face thereof, in the form of Exhibit A-5
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class A-5
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to a fixed rate of 3.0486%.

 

“Class A-S
Certificate”: A Certificate designated as “Class A-S” on the face thereof, in the form of Exhibit A-10
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class A-S
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the lesser of
(i) 3.3515% and (ii) the Weighted Average Net Mortgage Rate for such Distribution Date.

 

“Class A-SB
Certificate”: A Certificate designated as “Class A-SB” on the face thereof, in the form of Exhibit
A-6 hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class A-SB
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to a fixed rate of 2.9571%.

 

“Class A-SB
Planned Principal Balance”: With respect to any Distribution Date, the planned principal amount for such Distribution
Date specified in Schedule 2 hereto relating to the Class A-SB Certificates.

 

“Class B
Certificate”: A Certificate designated as “Class B” on the face thereof, in the form of Exhibit A-11
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class B
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the lesser of
(i) 3.4928% and (ii) the Pooled Weighted Average Net Mortgage Rate for such Distribution Date.

 

“Class C
Certificate”: A Certificate designated as “Class C” on the face thereof, in the form of Exhibit A-12
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class C
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the Pooled Weighted
Average Net Mortgage Rate for such Distribution Date.

 

     30

     

    

 

“Class D
Certificate”: A Certificate designated as “Class D” on the face thereof, in the form of Exhibit A-13
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class D
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to 2.5000%.

 

“Class E
Certificate”: A Certificate designated as “Class E” on the face thereof, in the form of Exhibit A-14
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class E
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to 2.5000%.

 

“Class F-RR
Certificate”: A Certificate designated as “Class F-RR” on the face thereof, in the form of Exhibit A-15
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class
F-RR Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the Pooled Weighted
Average Net Mortgage Rate for such Distribution Date.

 

“Class G-RR
Certificate”: A Certificate designated as “Class G-RR” on the face thereof, in the form of Exhibit A-16
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class G-RR
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the Pooled Weighted Average
Net Mortgage Rate for such Distribution Date.

 

“Class L225BA
Uncertificated Interest”: An uncertificated regular interest in the Trust Subordinate Companion Loan REMIC which is
held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest
set forth in the Preliminary Statement hereto.

 

“Class L225BB
Uncertificated Interest”: An uncertificated regular interest in the Trust Subordinate Companion Loan REMIC which is
held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest
set forth in the Preliminary Statement hereto.

 

“Class L225BC
Uncertificated Interest”: An uncertificated regular interest in the Trust Subordinate Companion Loan REMIC which is
held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest
set forth in the Preliminary Statement hereto.

 

“Class L225BD
Uncertificated Interest”: An uncertificated regular interest in the Trust Subordinate Companion Loan REMIC which is
held as an asset of the Upper-Tier REMIC

 

     31

     

    

 

and
having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

 

“Class L225BE
Uncertificated Interest”: An uncertificated regular interest in the Trust Subordinate Companion Loan REMIC which is
held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest
set forth in the Preliminary Statement hereto.

 

“Class L225BVRR
Uncertificated Interest”: An uncertificated regular interest in the Trust Subordinate Companion Loan REMIC which is
held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest
set forth in the Preliminary Statement hereto.

 

“Class LA1
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class LA2
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class LA3
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class LA4
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class LA5
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class LAS
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class LASB
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

     32

     

    

 

“Class LB
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class LC
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class LD
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class LE
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class LFR
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class LGR
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class LNR
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class LR
Interest”: The uncertificated residual interest in the Lower-Tier REMIC, represented by the Class R Certificates.

 

“Class LVRR
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the
Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary
Statement hereto.

 

“Class NR-RR
Certificate”: A Certificate designated as “Class NR-RR” on the face thereof, in the form of Exhibit A-17
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

     33

     

    

 

“Class NR-RR
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the Pooled Weighted Average
Net Mortgage Rate for such Distribution Date.

 

“Class R
Certificate”: A Certificate designated as “Class R” on the face thereof in the form of Exhibit A-18
hereto, and evidencing the sole class of “residual interest” in each Trust REMIC for purposes of the REMIC Provisions.

 

“Class S
Certificate”: A Certificate designated as “Class S” on the face thereof, in the form of Exhibit A-19
hereto, and evidencing an undivided beneficial interest in the Class S Specific Grantor Trust Assets.

 

“Class S
Specific Grantor Trust Assets”: The portion of the Trust Fund consisting of (i) the Non-VRR Percentage of any Excess
Interest collected on the ARD Loans, and (ii) the Non-VRR Percentage of amounts held from time to time in the Excess Interest
Distribution Account.

 

“Class UR
Interest”: The uncertificated residual interest in the Upper-Tier REMIC, represented by the Class R Certificates.

 

“Class
VRR Interest Certificates”: A Certificate designated as “Class VRR” on the face thereof, in the form
of Exhibit A-20 hereto, and representing undivided beneficial interests in the Class VRR Interest Specific Grantor
Trust Assets.

 

“Class
VRR Interest Distribution Account”: The segregated non-interest bearing trust account or sub-account created and maintained
by the Certificate Administrator pursuant to Section 3.04(g), which shall be entitled “Wells Fargo Bank, National
Association, as Certificate Administrator, for the benefit of the holders of Benchmark 2019-B14 Mortgage Trust Commercial Mortgage
Pass-Through Certificates, Series 2019-B14 – Class VRR Interest Distribution Account,” and which must be an Eligible
Account or a sub-account of an Eligible Account. The Class VRR Interest Distribution Account shall not be an asset of any Trust
REMIC, but rather shall be an asset of the Grantor Trust.

 

“Class
VRR Interest Specific Grantor Trust Assets”: The portion of the Trust Fund consisting of (i) the Class VRR Upper-Tier
Regular Interests, (ii) amounts held from time to time in the Class VRR Interest Distribution Account that represent distributions
of the Class VRR Upper-Tier Regular Interests, (iii) the Pooled VRR Percentage of any Excess Interest collected on the ARD Loans
and allocated to the Class VRR Interest Certificates, and (iv) the Pooled VRR Percentage of any amounts held from time to time
in the Excess Interest Distribution Account and allocated to the Class VRR Interest Certificates.

 

“Class
VRR Upper-Tier Regular Interest”: The VRR Interest Upper-Tier Regular Interest. The Class VRR Upper-Tier Regular Interest
will be held in the Grantor Trust.

 

“Class X
Certificates”: The Class X-A, Class X-B and Class X-D Certificates, as the context may require.

 

     34

     

    

 

“Class X-A
Certificate”: A Certificate designated as “Class X-A” on the face thereof, in the form of Exhibit A-7
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class X-A
Notional Amount”: As of any date of determination, the aggregate of the Certificate Balances of the Class A Certificates.

 

“Class X-A
Pass-Through Rate”: The Pass-Through Rate for Class X-A Certificates for any Distribution Date will be a per
annum rate equal to the excess, if any, of (a) the Pooled Weighted Average Net Mortgage Rate for the related Distribution
Date, over (b) the weighted average of the Pass-Through Rates on the Class A Certificates for such Distribution Date,
weighted on the basis of their respective Certificate Balances immediately prior to that Distribution Date. The Pass-Through Rate
applicable to the Class X-A Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary
Statement hereto.

 

“Class X-B
Certificate”: A Certificate designated as “Class X-B” on the face thereof, in the form of Exhibit A-8
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class X-B
Notional Amount”: As of any date of determination, the aggregate of the Certificate Balance of the Class B and
Class C Certificates.

 

“Class X-B
Pass-Through Rate”: The Pass-Through Rate for Class X-B Certificates for any Distribution Date will be a per
annum rate equal to the excess, if any, of (a) the Pooled Weighted Average Net Mortgage Rate for the related Distribution
Date, over (b) the weighted average of the Pass-Through Rates on the Class B and Class C Certificates for such Distribution
Date, weighted on the basis of their respective Certificate Balances immediately prior to that Distribution Date. The Pass-Through
Rate applicable to the Class X-B Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary
Statement hereto.

 

“Class X-D
Certificate”: A Certificate designated as “Class X-D” on the face thereof, in the form of Exhibit A-9
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

 

“Class X-D
Notional Amount”: As of any date of determination, the aggregate of the Certificate Balance of the Class D and
Class E Certificates.

 

“Class X-D
Pass-Through Rate”: The Pass-Through Rate for Class X-D Certificates for any Distribution Date will be a per
annum rate equal to the excess, if any, of (a) the Pooled Weighted Average Net Mortgage Rate for the related Distribution
Date, over (b) the weighted average of the Pass-Through Rates on the Class D and Class E Certificates for such Distribution
Date, weighted on the basis of their respective Certificate Balances immediately prior to that Distribution Date. The Pass-Through
Rate applicable to the Class X-D Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary
Statement hereto.

 

     35

     

    

 

“Clearing
Agency”: An organization registered as a “clearing agency” pursuant to Section 17A of the Exchange
Act. The initial Clearing Agency shall be DTC.

 

“Clearstream”:
Clearstream Banking, société anonyme or any successor thereto.

 

“Closing
Date”: November 21, 2019.

 

“CMBS”:
Commercial mortgage-backed securities.

 

“Code”:
The Internal Revenue Code of 1986, as amended from time to time, and applicable final or temporary regulations of the U.S. Department
of the Treasury issued pursuant thereto.

 

“Collateral
Deficiency Amount” With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated
Principal Balance of such AB Modified Loan (taking into account the related junior note(s) and any pari passu notes included
therein), over (ii) the sum of (in the case of a Whole Loan, solely to the extent allocable to the subject Mortgage Loan or Trust
Subordinate Companion Loan, as applicable) (x) the most recent Appraised Value for the related Mortgaged Property or Mortgaged
Properties, plus (y) solely to the extent not reflected or taken into account in such Appraised Value and to the extent on deposit
with, or otherwise under the control of, the lender as of the date of such determination, any capital or additional collateral
contributed by the related Mortgagor at the time the Mortgage Loan or Trust Subordinate Companion Loan became (and as part of
the modification related to) such AB Modified Loan for the benefit of the related Mortgaged Property or Mortgaged Properties (provided
that in the case of a Non-Serviced Mortgage Loan, the amounts set forth in this clause (y) will be taken into account solely
to the extent relevant information is received by the Master Servicer), plus (z) any other escrows or reserves (in addition to
any amounts set forth in the immediately preceding clause (y)) held by the lender in respect of such AB Modified Loan as of the
date of such determination. The Special Servicer, the Operating Advisor and the Certificate Administrator shall be entitled to
conclusively rely on the Master Servicer’s calculation or determination of any Collateral Deficiency Amount.

 

“Collection
Account”: A segregated custodial account or accounts created and maintained by the Master Servicer pursuant to Section 3.04(a)
on behalf of the Trustee for the benefit of the Certificateholders, which shall be entitled “Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer, on behalf of Wells Fargo Bank, National Association, as Trustee,
for the benefit of the registered holders of Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2019-B14, Collection Account”. Any such account or accounts shall be an Eligible Account. Subject to the related
Intercreditor Agreement and taking into account that each Companion Loan is subordinate or pari passu, as applicable, to
the related Serviced Mortgage Loan to the extent set forth in the related Intercreditor Agreement, the subaccount described in
the second paragraph of Section 3.04(b) that is part of the Collection Account shall be for the benefit of the related
Companion Holder, to the extent funds on deposit in such subaccount are attributed to such Companion Loan and shall not be an
asset of the Trust or any Trust REMIC formed hereunder.

 

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“Collection
Period”: With respect to any Distribution Date and any Mortgage Loan or Companion Loan, the period commencing on the
day immediately succeeding the Due Date for such Mortgage Loan or Companion Loan occurring in the month preceding the month in
which that Distribution Date occurs or the date that would have been the Due Date if such Mortgage Loan or Companion Loan had
a Due Date in such preceding month and ending on and including the Due Date for such Mortgage Loan or Companion Loan occurring
in the month in which that Distribution Date occurs. Notwithstanding the foregoing, in the event that the last day of a Collection
Period is not a Business Day, any Periodic Payments received with respect to the Mortgage Loans or Companion Loan relating to
such Collection Period on the Business Day immediately following such day shall be deemed to have been received during such Collection
Period and not during any other Collection Period.

 

“Commission”:
The Securities and Exchange Commission.

 

“Companion
Distribution Account”: With respect to any Serviced Companion Loan (other than the Trust Subordinate Companion Loan),
the separate account created and maintained by the Companion Paying Agent pursuant to Section 3.04(b) and held on
behalf of the Companion Holders, which shall be entitled “Midland Loan Services, a Division of PNC Bank, National Association,
as Companion Paying Agent, for the benefit of the Companion Holders of the Companion Loans, relating to the Benchmark 2019-B14
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14”. The Companion Distribution Account shall
not be an asset of the Trust, any Trust REMIC or Grantor Trust, but instead shall be held by the Companion Paying Agent on behalf
of the Companion Holders. Any such account shall be an Eligible Account. Notwithstanding the foregoing, if the Master Servicer
and the Companion Paying Agent are the same entity, the Companion Distribution Account may be the subaccount referenced in the
second paragraph of Section 3.04(b).

 

“Companion
Holders”: Each of the holders of record of any Companion Loan.

 

“Companion
Loan(s)”: With respect to any Mortgage Loan, any other mortgage loan that is secured by the same Mortgage(s) encumbering
the same Mortgaged Property or portfolio of Mortgaged Properties as such Mortgage Loan. For the avoidance of doubt, the Companion
Loans (other than the Trust Subordinate Companion Loan) are not included in the Trust.

 

“Companion
Paying Agent”: With respect to the Serviced Companion Loans (other than the Trust Subordinate Companion Loan), if any,
the Master Servicer in its role as Companion Paying Agent appointed pursuant to Section 3.27.

 

“Companion
Register”: The register maintained by the Companion Paying Agent pursuant to Section 3.28.

 

“Compensating
Interest Payments”: An amount as of any Distribution Date equal to the lesser of (i) the aggregate amount of Prepayment
Interest Shortfalls incurred in connection with voluntary principal prepayments received in respect of the Mortgage Loans (other
than Non-Serviced Mortgage Loans) and any related Serviced Pari Passu Companion Loans and Trust Subordinate Companion Loan (in
each case other than any Specially Serviced Loan or any

 

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Mortgage
Loan, or any related Serviced Pari Passu Companion Loan or Trust Subordinate Companion Loan on which the Special Servicer allowed
a prepayment on a date other than the applicable Due Date) for the related Distribution Date and (ii) the aggregate of (A) that
portion of the Master Servicer’s Servicing Fees for such Distribution Date that is, in the case of each Mortgage Loan, Serviced
Pari Passu Companion Loan and REO Loan for which Servicing Fees are being paid for such Collection Period, calculated at a rate
of 0.00125% per annum, (B) all Prepayment Interest Excesses received by the Master Servicer during such Collection
Period with respect to the Mortgage Loans (and, so long as a Serviced Whole Loan is serviced hereunder, the related Serviced Pari
Passu Companion Loan) subject to such prepayment and (C) to the extent earned on principal prepayments, net investment earnings
payable to the Master Servicer for such Collection Period received by the Master Servicer during such Collection Period with respect
to the Mortgage Loan or any related Serviced Pari Passu Companion Loan, as applicable, subject to such prepayment. In no event
will the rights of the Certificateholders to the offset of the aggregate Prepayment Interest Shortfalls be cumulative. However,
if a Prepayment Interest Shortfall occurs with respect to a Mortgage Loan or Serviced Whole Loan as a result of the Master Servicer
allowing the related Mortgagor to deviate (a “Prohibited Prepayment”) from the terms of the related Mortgage
Loan or Serviced Whole Loan documents regarding Principal Prepayments (other than (V) any Non-Serviced Mortgage Loan, (W) subsequent
to a default under the related Mortgage Loan documents or if the Mortgage Loan or Serviced Whole Loan is a Specially Serviced
Loan, (X) pursuant to applicable law or a court order or otherwise in such circumstances where the Master Servicer is required
to accept such Principal Prepayment in accordance with the Servicing Standard, (Y) at the request or with the consent of the Special
Servicer and so long as a Control Termination Event has not occurred or is not continuing (other than with respect to an Excluded
Loan), the Directing Certificateholder or (Z) in connection with the payment of any Insurance and Condemnation Proceeds), then
for purposes of calculating the Compensating Interest Payment for the related Distribution Date, the Master Servicer shall pay,
without regard to clause (ii) above, the aggregate amount of Prepayment Interest Shortfalls with respect to such Mortgage
Loan or Serviced Whole Loan, otherwise described in clause (i) above in connection with such Prohibited Prepayments.

 

For
the avoidance of doubt, Compensating Interest Payments with respect to each Serviced Whole Loan shall be allocated among the related
Mortgage Loan and related Serviced Pari Passu Companion Loan(s) and the related Trust Subordinate Companion Loan, pro rata,
in accordance with their respective principal balances.

 

“Consultation
Termination Event”: At any date at which (a) with respect to any Mortgage Loan (other than with respect to any Serviced
AB Whole Loan) no Class of Control Eligible Certificates exists where such Class’s aggregate Certificate Balance is at least
equal to 25% of the Original Certificate Balance of that Class, in each case without regard to the application of any Cumulative
Appraisal Reduction Amounts; (b) with respect to any Serviced AB Whole Loan (other than the 225 Bush Whole Loan), when the related
Control Appraisal Period has occurred and is continuing and when the events in clause (a) above are occurring; and (c) with respect
to the 225 Bush Whole Loan, when both (i) a 225 Bush Control Appraisal Period has occurred and is continuing and (ii) when the
events in clause (a) above are occurring; provided, that prior to the applicable Servicing Shift Securitization Date, no
Consultation Termination Event may occur with respect to the Loan-Specific Directing Certificateholder related to the any Servicing
Shift Whole Loan and the term “Consultation Termination Event”

 

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shall
not be applicable to the Loan-Specific Directing Certificateholder related to such Servicing Shift Whole Loan; provided,
further, that a Consultation Termination Event shall not be deemed to be continuing in the event the Certificate Balances
of all Classes of Pooled Principal Balance Certificates other than the Control Eligible Certificates have been reduced to zero;
provided, further, that with respect to any Excluded Loan, a Consultation Termination Event shall be deemed to exist
with respect to such Excluded Loan at all times.

 

“Control
Eligible Certificates”: Any of the Class F-RR, Class G-RR and Class NR-RR Certificates.

 

“Control
Termination Event”: The occurrence of  (a) with respect to any Mortgage Loan (other than any Serviced AB Whole
Loan), when the Certificate Balance of the Class F-RR Certificates (taking into account the application of any Cumulative
Appraisal Reduction Amounts to notionally reduce the Certificate Balance of such Class in accordance with Section 4.05(a)
hereof) being reduced to less than 25% of the Original Certificate Balance of such Class; (b) with respect to any Serviced
AB Whole Loan (other than the 225 Bush Whole Loan), when the related Control Appraisal Period has occurred and is continuing and
when the event in clause (a) above are occurring; and (c) with respect to the 225 Bush Whole Loan, when both (i) a 225 Bush Control
Appraisal Period has occurred and is continuing and (ii) the event in clause (a) above are occurring; provided, that prior
to the applicable Servicing Shift Securitization Date, no Control Termination Event may occur with respect to the Loan-Specific
Directing Certificateholder related to the related Servicing Shift Whole Loan and the term “Control Termination Event”
shall not be applicable to the Loan-Specific Directing Certificateholder related to such Servicing Shift Whole Loan; provided,
further, that a Control Termination Event shall not be deemed to be continuing in the event the Certificate Balances of
all Classes of Pooled Principal Balance Certificates other than the Control Eligible Certificates have been reduced to zero. With
respect to any Excluded Loan, a Control Termination Event shall be deemed to exist with respect to such Excluded Loan at all times.

 

“Controlling
Class”: As of any date of determination, the most subordinate Class of Control Eligible Certificates then outstanding
that has a then aggregate Certificate Balance as notionally reduced by any Cumulative Appraisal Reduction Amounts allocable to
such Class in accordance with Section 4.05(a), at least equal to 25% of the Original Certificate Balance of that Class;
provided that if at any time the Certificate Balances of the Pooled Certificates other than the Control Eligible Certificates
have been reduced to zero as a result of the allocation of principal payments on the Mortgage Loans, then the Controlling Class
will be the most subordinate class among the Control Eligible Certificates that has an aggregate Certificate Balance greater than
zero without regard to any Cumulative Appraisal Reduction Amounts. The Controlling Class as of the Closing Date will be the Class NR-RR
Certificates.

 

“Controlling
Class Certificateholders”: Each Holder (or Certificate Owner, if applicable) of a Certificate of the Controlling Class
as determined by the Certificate Registrar, from time to time, upon request by any party hereto. The Trustee, the Master Servicer,
the Special Servicer or the Operating Advisor may from time to time request (the cost of which being an expense of the Trust)
that the Certificate Administrator provide a list of the Holders (or Certificate Owners, if applicable) of the Controlling Class
and the Certificate Administrator shall promptly provide such list without charge to such Trustee, Master Servicer, Operating
Advisor

 

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or
Special Servicer, as applicable. The Trustee, the Master Servicer, the Special Servicer and the Operating Advisor shall be entitled
to rely on any such list so provided.

 

“Conveyed
Property”: As defined in Section 2.01(a).

 

“Corporate
Trust Office”: The principal corporate trust office of the Trustee and the Certificate Administrator at which at any
particular time its corporate trust business with respect to this Agreement shall be administered, which office at the date of
the execution of this Agreement is located (i) with respect to Certificate transfers and surrenders, at Wells Fargo Bank,
National Association, 600 South 4th Street, 7th Floor, MAC: N9300-070, Minneapolis, Minnesota 55479, Attention:
Certificate Transfer Services (CMBS) Benchmark 2019-B14 and (ii) for all other purposes, to the Trustee, at 9062 Old Annapolis
Road, Columbia, Maryland, 21045, Attention: Corporate Trust Services (CMBS), Benchmark – Commercial Mortgage Securities
Trust 2019-B14.

 

“Corrected
Loan”: Any Specially Serviced Loan (A) that (a) with respect to the circumstances described in clauses (i),
(ii) and (iii) of the definition of Servicing Transfer Event, the related Mortgagor thereunder has brought such Mortgage Loan
or Companion Loan current and thereafter made three (3) consecutive full and timely Periodic Payments, including pursuant to any
workout of such Mortgage Loan or Serviced Companion Loan, when (b) with respect to the circumstances described in clauses (iv),
(v), (vi), (vii), (ix) and (x) of the definition of Servicing Transfer Event, such circumstances cease to exist in the good faith
judgment of the Special Servicer, or when (c) with respect to the circumstances described in clause (viii) of the definition
of Servicing Transfer Event, such default is cured (as determined by the Special Servicer in accordance with the Servicing Standard)
or waived by the Special Servicer, and (B) (provided that at that time no other Servicing Transfer Event exists that
would cause such Mortgage Loan or Companion Loan to continue to be characterized as a Specially Serviced Loan) the servicing of
which the Special Servicer has returned to the Master Servicer pursuant to Section 3.19(a).

 

“CREFC®”:
The Commercial Real Estate Finance Council®, or any successor organization reasonably acceptable to the Certificate
Administrator, the Master Servicer, the Special Servicer and, prior to the occurrence and continuance of a Control Termination
Event, the Directing Certificateholder.

 

“CREFC®
Advance Recovery Report”: The monthly report substantially in the form of, and containing the information called
for in, the downloadable form of the “Advance Recovery Report” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Appraisal Reduction Amount Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Appraisal Reduction Amount Template” available as of the Closing Date on the
CREFC® Website, or such other form for the presentation of such information and containing such additional information
as

 

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may
from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Bond Level File”: The data file in the “CREFC® Bond Level File” format substantially
in the form of and containing the information called for therein, or such other form for the presentation of such information
as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Collateral Summary File”: The data file in the “CREFC® Collateral Summary File” format
substantially in the form of and containing the information called for therein, or such other form for the presentation of such
information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Comparative Financial Status Report”: The monthly report in “Comparative Financial Status Report”
format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form
for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage
securities transactions generally.

 

“CREFC®
Delinquent Loan Status Report”: The monthly report in the “Delinquent Loan Status Report” format substantially
in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation
of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Financial File”: The data file in the “CREFC® Financial File” format substantially
in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation
of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Historical Bond/Collateral Realized Loss Reconciliation Template”: A report substantially in the form of, and
containing the information called for in, the downloadable form of the “Historical Bond/Collateral Realized Loss Reconciliation
Template” available and effective from time to time on the CREFC® Website.

 

“CREFC®
Historical Liquidation Loss Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Historical Liquidation Loss Template” available and effective from time to time
on the CREFC® Website.

 

“CREFC®
Historical Loan Modification/Forbearance and Corrected Mortgage Loan Report”: The monthly report in the “Historical
Loan Modification/Forbearance and Corrected Mortgage Loan Report” format substantially in the form of and containing the
information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved
from time to time by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Intellectual Property Royalty License Fee”: With respect to each Mortgage Loan and REO Loan (including any portion
of an REO Loan related to the Trust

 

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Subordinate
Companion Loan, but excluding the portion of an REO Loan related to any other Serviced Companion Loan) and the Trust Subordinate
Companion Loan and for any Distribution Date, the amount accrued during the related Interest Accrual Period at the CREFC®
Intellectual Property Royalty License Fee Rate on the Stated Principal Balance of such Mortgage Loan, REO Loan or Trust
Subordinate Companion Loan as of the close of business on the Distribution Date in such Interest Accrual Period; provided
that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest
payment due or deemed due on the related Mortgage Loan, REO Loan or Trust Subordinate Companion Loan is computed and shall be
prorated for partial periods. For the avoidance of doubt, the CREFC® Intellectual Property Royalty License Fee
shall be deemed payable by the Master Servicer from the Lower-Tier REMIC or Grantor Trust, as applicable.

 

“CREFC®
Intellectual Property Royalty License Fee Rate”: With respect to each Mortgage Loan, REO Loan and Trust Subordinate
Companion Loan, a rate equal to 0.00050% per annum.

 

“CREFC®
Interest Shortfall Reconciliation Template”: A report substantially in the form of, and containing the information
called for in, the downloadable form of the “Interest Shortfall Reconciliation Template” available and effective from
time to time on the CREFC® Website.

 

“CREFC®
Investor Reporting Package”: The collection of reports specified by the CREFC® from time to time
as the “CREFC® Investor Reporting Package.” As of the Closing Date, the CREFC® Investor
Reporting Package contains eight electronic files ((1) CREFC® Loan Setup File, (2) CREFC®
Loan Periodic Update File, (3) CREFC® Property File, (4) CREFC® Bond Level File, (5) CREFC®
Collateral Summary File, (6) CREFC® Financial File, (7) CREFC® Special Servicer
Loan File and (8) CREFC® Schedule AL File) and nine surveillance reports ((1) CREFC® Servicer
Watch List, (2) CREFC® Delinquent Loan Status Report, (3) CREFC® REO Status Report, (4) CREFC®
Comparative Financial Status Report, (5) CREFC® Historical Loan Modification/Forbearance and Corrected
Mortgage Loan Report, (6) CREFC® Operating Statement Analysis Report, (7) CREFC® NOI Adjustment
Worksheet, (8) CREFC® Loan Level Reserve/LOC Report and (9) with respect to Mortgage Loans that have a Companion
Loan, the CREFC® Total Loan Report). In addition, the CREFC® Investor Reporting Package shall include
the CREFC® Advance Recovery Report. In addition, the CREFC® Investor Reporting Package shall include
the following nine templates: (1) CREFC® Appraisal Reduction Amount Template, (2) CREFC® Servicer
Realized Loss Template, (3) CREFC® Reconciliation of Funds Template, (4) CREFC® Historical
Bond/Collateral Realized Loss Reconciliation Template, (5) CREFC® Historical Liquidation Loss Template, (6) CREFC®
Interest Shortfall Reconciliation Template, (7) CREFC® Loan Modification Report, (8) CREFC®
Loan Liquidation Report and (9) CREFC® REO Liquidation Report. The CREFC® Investor Reporting Package
shall be substantially in the form of, and containing the information called for in, the downloadable forms of the “CREFC®
IRP” available as of the Closing Date on the CREFC® Website, or such other form for the presentation
of such information and containing such additional information or reports as may from time to time be approved by the CREFC®
for commercial mortgage backed securities transactions generally. For the purposes of the production of the CREFC®
Comparative Financial Status Report by the Master Servicer or the Special Servicer of any such report that is required to
state information for any period prior to the

 

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Cut-off
Date, the Master Servicer or the Special Servicer, as the case may be, may conclusively rely (without independent verification),
absent manifest error, on information provided to it by the Mortgage Loan Sellers or by the related Mortgagor or (x) in the
case of such a report produced by the Master Servicer, by the Special Servicer (if other than the Master Servicer or an Affiliate
thereof) and (y) in the case of such a report produced by the Special Servicer, by the Master Servicer (if other than the
Special Servicer or an Affiliate thereof).

 

“CREFC®
License Agreement”: The License Agreement, in the form set forth on the website of CREFC® on the
Closing Date, relating to the use of the CREFC® trademarks and trade names.

 

“CREFC®
Loan Level Reserve/LOC Report”: The monthly report in the “CREFC® Loan Level Reserve/LOC
Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or
such other form for the presentation of such information as may be approved from time to time by the CREFC® for
commercial mortgage securities transactions generally.

 

“CREFC®
Loan Liquidation Report”: A report substantially in the form of, and containing the information called for in,
the downloadable form of the “Loan Liquidation Report” available and effective from time to time on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Loan Modification Report”: A report substantially in the form of, and containing the information called for in,
the downloadable form of the “Loan Modification Report” available and effective from time to time on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Loan Periodic Update File”: The data file in the “CREFC® Loan Periodic Update File”
format substantially in the form of and containing the information called for therein for the Mortgage Loans and the Trust Subordinate
Companion Loan, or such other form for the presentation of such information as may be approved from time to time by the CREFC®
for commercial mortgage securities transactions generally.

 

“CREFC®
Loan Setup File”: The data file in the “CREFC® Loan Setup File” format substantially
in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation
of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
NOI Adjustment Worksheet”: The worksheet in the “NOI Adjustment Worksheet” format substantially in
the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation
of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions
generally.

 

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“CREFC®
Operating Statement Analysis Report”: The report in the “Operating Statement Analysis Report” format
substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for
the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage
securities transactions generally.

 

“CREFC®
Property File”: The data file in the “CREFC® Property File” format substantially in
the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation
of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Reconciliation of Funds Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Reconciliation of Funds Template” available and effective from time to time
on the CREFC® Website, or such other form for the presentation of such information and containing such additional
information as may from time to time be recommended by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
REO Liquidation Report”: A report substantially in the form of, and containing the information called for in,
the downloadable form of the “REO Liquidation Report” available and effective from time to time on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
REO Status Report”: The monthly report in the “REO Status Report” format substantially in the form
of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information
as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Schedule AL File”: The data file in the “Schedule AL File” format substantially in the form of and
containing the information called for by Item 1111(h)(3) or Item 1125 of Regulation AB or Item 601(b)(102) of Regulation S-K under
the Securities Act with respect to the Mortgage Loans, or such other form of presentation as may be approved from time to time
by the CREFC® for commercial mortgage securities transactions generally, which in any case shall include all information
required by Item 1111(h)(3) or Item 1125 of Regulation AB or Item 601(b)(102) of Regulation S-K under the Securities Act.

 

“CREFC®
Servicer Realized Loss Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Servicer Realized Loss Template” available and effective from time to time on
the CREFC® Website.

 

“CREFC®
Servicer Watch List”: A monthly report, as of each Determination Date, including and identifying each Non-Specially
Serviced Loan satisfying the “CREFC® Portfolio Review Guidelines” approved from time to time by the
CREFC® in the “CREFC® Servicer Watch List” format substantially in the form of and containing
the information called for therein for the Mortgage Loans, or such other form (including other portfolio review

 

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guidelines)
for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage
securities transactions generally.

 

“CREFC®
Special Servicer Loan File”: The data file in the “CREFC® Special Servicer Loan File”
format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form
for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage
securities transactions generally.

 

“CREFC®
Total Loan Report”: A monthly report substantially in the form of, and containing the information called for in,
the downloadable form of the “Total Loan Report” available as of the Closing Date on the CREFC® Website,
or in such other form for the presentation of such information and containing such additional information as may from time to
time be adopted by the CREFC® for commercial mortgage-backed securities transactions and is reasonably acceptable
to the Master Servicer.

 

“CREFC®
Website”: The CREFC® Website located at “www.crefc.org” or such other primary website
as the CREFC® may establish for dissemination of its report forms.

 

“CREFI”:
Citi Real Estate Funding Inc., a New York corporation.

 

“Cross-Over
Date”: The Distribution Date on which the Certificate Balances of the Subordinate Certificates have all previously been
reduced to zero as a result of the allocation of Pooled Non-VRR Realized Losses to such Certificates.

 

“Crossed
Mortgage Loan Group”: With respect to (i) any Mortgage Loan that consists of more than one commercial mortgage
loan, the underlying group of loans that are cross-collateralized and cross-defaulted with each other and (ii) any two or
more individual Mortgage Loans that are cross-collateralized and cross-defaulted with each other, such cross-collateralized and
cross-defaulted Mortgage Loans. For the avoidance of doubt, there is no Crossed Mortgage Loan Group in the Trust Fund.

 

“Crossed
Underlying Loan”: With respect to any Crossed Mortgage Loan Group, a Mortgage Loan that is cross-collateralized and
cross-defaulted with one or more other Mortgage Loans within such Crossed Mortgage Loan Group. For the avoidance of doubt, there
is no Crossed Underlying Loan in the Trust Fund.

 

“Crossed
Underlying Loan Repurchase Criteria”: With respect to any Crossed Mortgage Loan Group as to which one or more (but not
all) of the Crossed Underlying Loans therein are affected by a Material Defect (the Crossed Underlying Loan(s) in such Crossed
Mortgage Loan Group affected by such Material Defect, for purposes of this definition, the “affected Crossed Underlying
Loans” and the other Crossed Underlying Loan(s) in such Crossed Mortgage Loan Group, for purposes of this definition, the
“remaining Crossed Underlying Loans”) (i) the weighted average Debt Service Coverage Ratio for all the remaining
Crossed Underlying Loans for the four most recently reported calendar quarters preceding the repurchase or substitution shall
not be less than the greater of (a) the weighted average Debt Service Coverage Ratio for the entire such Crossed Mortgage
Loan Group, including the affected Crossed Underlying Loan(s), for the four most recently reported calendar quarters preceding
the

 

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repurchase
or substitution, and (b) 1.25x, (ii) the weighted average LTV Ratio for all the remaining Crossed Underlying Loans determined
at the time of repurchase or substitution based upon an Appraisal obtained by the Special Servicer at the expense of the related
Mortgage Loan Seller shall not be greater than the least of (a) the weighted average LTV Ratio for the entire such Crossed
Mortgage Loan Group, including the affected Crossed Underlying Loan(s), determined at the time of repurchase or substitution based
upon an Appraisal obtained by the Special Servicer at the expense of the related Mortgage Loan Seller, (b) the weighted average
LTV Ratio for the entire such Crossed Mortgage Loan Group, including the affected Crossed Underlying Loan(s), as of the Cut-off
Date and (c) 75%, (iii) the related Mortgage Loan Seller, at its expense, shall have furnished the Trustee and the Certificate
Administrator with an Opinion of Counsel that any modification relating to the repurchase or substitution of a Crossed Underlying
Loan shall not cause an Adverse REMIC Event to occur, (iv) the related Mortgage Loan Seller causes the affected Crossed Underlying
Loan to become not cross-collateralized and cross-defaulted with the remaining related Crossed Underlying Loans prior to such
repurchase or substitution or otherwise forbears from exercising enforcement rights against the Primary Collateral for any Crossed
Underlying Loan(s) remaining in the Trust (while the Trust forbears from exercising enforcement rights against the Primary Collateral
for the Mortgage Loan removed from the Trust) and (v) (other than with respect to any Excluded Loan) unless a Control Termination
Event has occurred and is continuing, the Directing Certificateholder shall have consented to the repurchase or substitution of
the affected Crossed Underlying Loan, which consent shall not be unreasonably withheld, conditioned or delayed.

 

“Cure/Contest
Period”: As defined in Section 12.01(b)(vii).

 

“Cumulative
Appraisal Reduction Amount”: As of any date of determination, the sum of (i) with respect to any Mortgage Loan, all
Appraisal Reduction Amounts then in effect, and (ii) with respect to any AB Modified Loan, any Collateral Deficiency Amount then
in effect. The Special Servicer and the Certificate Administrator shall be entitled to conclusively rely on the Master Servicer’s
calculation or determination of any Cumulative Appraisal Reduction Amount.

 

“Custodial
Exception Report”: As defined in Section 2.02(b).

 

“Custodian”:
A Person who is at any time appointed by the Trustee pursuant to Section 8.11 as a document custodian for the Mortgage
Files, which Person shall not be the Depositor, any of the Mortgage Loan Sellers or an Affiliate of any of them. The Certificate
Administrator shall be the initial Custodian. Wells Fargo Bank, National Association will perform its duties as Custodian hereunder
through its Document Custody division.

 

“Cut-off
Date”: With respect to each Mortgage Loan and the Trust Subordinate Companion Loan, the related Due Date of such Mortgage
Loan and Trust Subordinate Companion Loan in November 2019, or with respect to any Mortgage Loan that has its first Due Date in
December 2019, the date that would have otherwise been the related Due Date in November 2019.

 

“Cut-off
Date Balance”: With respect to any Mortgage Loan or the Trust Subordinate Companion Loan, the outstanding principal
balance of such Mortgage Loan or

 

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Trust
Subordinate Companion Loan, as applicable, as of the Cut-off Date, after application of all payments of principal due on or before
such date, whether or not received.

 

“DBNY”:
Deutsche Bank AG, New York Branch, in its capacity as the holder of a portion of the VRR Interest and the holder of the 225B-VRR
Interest, and its successor in interest.

 

“DBRS”:
DBRS, Inc., and its successors in interest. If neither DBRS nor any successor remains in existence, “DBRS” shall be
deemed to refer to such other nationally recognized statistical rating agency or other comparable Person reasonably designated
by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator, the Master Servicer,
the Directing Certificateholder and the Special Servicer and specific ratings of DBRS herein referenced shall be deemed to refer
to the equivalent ratings of the party so designated.

 

“Debt
Service Coverage Ratio”: With respect to any Mortgage Loan, for any twelve-month period covered by an annual operating
statement for the related Mortgaged Property, the ratio of (i) Net Operating Income produced by the related Mortgaged Property
during such period to (ii) the aggregate amount of Periodic Payments (other than any Balloon Payment) due under such Mortgage
Loan during such period; provided that with respect to the Mortgage Loans identified on Annex A-1 to the Prospectus
as paying interest only for a specified period of time set forth in the related Mortgage Loan documents and then paying principal
and interest, the related Periodic Payment will be calculated (for purposes of this definition only) to include interest and principal
(based on the remaining amortization term).

 

“Default
Interest”: With respect to any Mortgage Loan or Companion Loan, all interest accrued in respect of such Mortgage Loan
or Companion Loan during such Collection Period provided for in the related Mortgage Note or Mortgage as a result of a default
(exclusive of late payment charges) that is in excess of interest at the related Mortgage Rate accrued on the unpaid principal
balance of such Mortgage Loan or Companion Loan outstanding from time to time.

 

“Defaulted
Loan”: A Mortgage Loan (other than a Non-Serviced Mortgage Loan) or a Serviced Whole Loan (i) that is delinquent
at least sixty (60) days in respect of its Periodic Payments or delinquent in respect of its Balloon Payment, if any; provided
that in respect of a Balloon Payment, such period shall be sixty (60) days if the related Mortgagor has provided the Master
Servicer or the Special Servicer with a written and fully executed commitment or otherwise binding application for refinancing
of the related Mortgage Loan from an acceptable lender reasonably satisfactory in form and substance to the Special Servicer (and
the party receiving such commitment shall promptly forward a copy of such commitment or application to the Master Servicer or
the Special Servicer, as applicable, if it is not evident that a copy has been delivered to such other party); and, in either
case, such delinquency is to be determined without giving effect to any Grace Period permitted by the related Mortgage or Mortgage
Note and without regard to any acceleration of payments under the related Mortgage and Mortgage Note or (ii) as to which
the Special Servicer has, by written notice to the related Mortgagor, accelerated the maturity of the indebtedness evidenced by
the related Mortgage Note. For the 

 

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avoidance
of doubt, a defaulted Companion Loan (other than the Trust Subordinate Companion Loan) does not constitute a “Defaulted
Loan”.

 

“Defeasance
Accounts”: As defined in Section 3.18(g).

 

“Defect”:
As defined in Section 2.02(f).

 

“Deficient
Exchange Act Deliverable”: With respect to the Master Servicer, the Special Servicer, the Operating Advisor, the Asset
Representations Reviewer, the Custodian, the Certificate Administrator, the Trustee and each Servicing Function Participant and
Additional Servicer retained by it (other than an Initial Sub-Servicer), any item (x) regarding such party, (y) prepared
by such party or any registered public accounting firm, attorney or other agent retained by such party to prepare such information
and (z) delivered by or on behalf of such party pursuant to the delivery requirements under Article XI of this
Agreement that does not conform to the applicable reporting requirements under the Securities Act, the Exchange Act, the Sarbanes-Oxley
Act and the rules and regulations promulgated thereunder.

 

“Deficient
Valuation”: With respect to any Mortgage Loan or Serviced Whole Loan, as applicable, a valuation by a court of competent
jurisdiction of the Mortgaged Property in an amount less than the then outstanding principal balance of such Mortgage Loan or
Serviced Whole Loan which valuation results from a proceeding initiated under the Bankruptcy Code.

 

“Definitive
Certificate”: Any Certificate in definitive, fully registered form without interest coupons. Initially, the Class R
Certificates and any Certificate issued pursuant to Sections 5.02(c) and (d) shall be Definitive Certificates.

 

“Delinquent
Loan”: A Mortgage Loan that is delinquent at least sixty (60) days in respect of its Periodic Payments or Balloon Payment,
if any, in either case such delinquency to be determined without giving effect to any Grace Period.

 

“Denomination”:
With respect to any Certificate or any beneficial interest in a Certificate the amount (i) (a) set forth on the face
thereof, (b) set forth on a schedule attached thereto or (c) in the case of any beneficial interest in a Book-Entry
Certificate, the interest of the related Certificate Owner in the applicable Class of Certificates as reflected on the books and
records of the Depository or related Depository Participant, as applicable, (ii) expressed in terms of initial Certificate
Balance or initial Notional Amount, as applicable, and (iii) in an authorized denomination, as set forth in Section 5.01(a).

 

“Depositor”:
J.P. Morgan Chase Commercial Mortgage Securities Corp., a Delaware corporation, or its successor in interest.

 

“Depository”:
DTC, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates
that are to be Book-Entry Certificates, is Cede & Co. The Depository shall at all times be a “clearing corporation”
as defined in Section 8-102(3) of the UCC of the State of New York and a “clearing agency” registered pursuant
to the provisions of Section 17A of the Exchange Act.

 

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“Depository
Participant”: A broker, dealer, bank or other financial institution or other Person for whom from time to time the Depository
effects book-entry transfers and pledges of securities deposited with the Depository.

 

“Designated
Intercreditor Agreement”: As defined in the definition of “Intercreditor Agreement”.

 

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

 

“Diligence
File”: With respect to each Mortgage Loan or Companion Loan, if applicable, collectively the following documents in
electronic format:

 

(a)           A copy of each of the following documents:

 

(i)          
the Mortgage Note, endorsed on its face or by allonge attached to the Mortgage Note, without recourse, to the order of the Trustee
or in blank and further showing a complete, unbroken chain of endorsement from the originator (or, if the original Mortgage Note
has been lost, an affidavit to such effect from the applicable Mortgage Loan Seller or another prior holder, together with a copy
of the Mortgage Note and an indemnity properly assigned and endorsed to the Trustee);

 

(ii)         
the Mortgage, together with a copy of any intervening assignments of the Mortgage, in each case with evidence of recording indicated
thereon or certified to have been submitted for recording (if in the possession of the applicable Mortgage Loan Seller);

 

(iii)         any
related assignment of leases and of any intervening assignments (if such item is a document separate from the Mortgage), with
evidence of recording indicated thereon or certified to have been submitted for recording (if in the possession of the applicable
mortgage loan seller);

 

(iv)        
all modification, consolidation, assumption, written assurance and substitution agreements in those instances in which the terms
or provisions of the Mortgage or Mortgage Note have been modified or the Mortgage Loan has been assumed or consolidated;

 

(v)         the policy or certificate of lender’s title insurance issued on the date of the origination of such Mortgage Loan, or, if
such policy has not been issued or located, an irrevocable, binding commitment (which may be a marked version of the policy that
has been executed by an authorized representative of the title company or an agreement to provide the same pursuant to binding
escrow instructions executed by an authorized representative of the title company) to issue such title insurance policy;

 

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(vi)       
any UCC Financing Statements, related amendments and continuation statements in the possession of the applicable Mortgage Loan
Seller;

 

(vii)       any Intercreditor Agreement relating to permitted debt of the Mortgagor, including any Intercreditor Agreement relating to a Serviced
Whole Loan, and any related mezzanine intercreditor agreement;

 

(viii)      any loan agreement, escrow agreement, security agreement or letter of credit relating to a Mortgage Loan or a Serviced Whole Loan;

 

(ix)         any ground lease, related ground lessor estoppel, indemnity or guaranty relating to a Mortgage Loan or a Serviced Whole Loan;

 

(x)          any property management agreement relating to a Mortgage Loan or a Serviced Whole Loan;

 

(xi)         any franchise agreements and comfort letters or similar agreements relating to a Mortgage Loan or Serviced Whole Loan and, with
respect to any franchise agreement, comfort letter or similar agreement, any assignment of such agreements or any notice to the
franchisor of the transfer of a Mortgage Loan or Serviced Whole Loan and a request for confirmation that the Trust is a beneficiary
of such comfort letter or other agreement, or for the issuance of a new comfort letter in favor of the Trust, as the case may
be;

 

(xii)        any lock-box or cash management agreement relating to a Mortgage Loan or a Serviced Whole Loan;

 

(xiii)       a copy of all related environmental reports; and

 

(xiv)      a copy of all related environmental insurance policies;

 

(b)           
a copy of any engineering reports or property condition reports;

 

(c)            
other than with respect to a hotel property (except with respect to tenanted commercial space within a hotel property), copies
of a rent roll;

 

(d)           
for any office, retail, industrial or warehouse property, a copy of all leases and estoppels and subordination and non-disturbance
agreements delivered to the related Mortgage Loan Seller;

 

(e)            
a copy of all legal opinions (excluding attorney-client communications between the related Mortgage Loan Seller, and its counsel
that are privileged communications or constitute legal or other due diligence analyses), if any, delivered in connection with
the closing of the related Mortgage Loan;

 

(f)            
a copy of all Mortgagor’s certificates of hazard insurance and/or hazard insurance policies or other applicable insurance
policies (to the extent not previously

 

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included
as part of this definition), if any, delivered in connection with the closing of the related Mortgage Loan;

 

(g)           
a copy of the appraisal for the related Mortgaged Property(ies);

 

(h)           
for any Mortgage Loan that the related Mortgaged Property is leased to a single tenant, a copy of the lease;

 

(i)             
a copy of the applicable Mortgage Loan Seller’s asset summary;

 

(j)             
a copy of all surveys for the related Mortgaged Property or Mortgaged Properties;

 

(k)           
a copy of all zoning reports;

 

(l)             
a copy of financial statements of the related Mortgagor;

 

(m)          
a copy of operating statements for the related Mortgaged Property or Mortgaged Properties;

 

(n)           
a copy of all UCC searches;

 

(o)           
a copy of all litigation searches;

 

(p)           
a copy of all bankruptcy searches;

 

(q)           
a copy of the origination settlement statement;

 

(r)            
a copy of the Insurance Consultant Report;

 

(s)            
a copy of organizational documents of the related Mortgagor and any guarantor;

 

(t)            
a copy of escrow statements related to the escrow account balances as of the Mortgage Loan origination date, if not covered by
the origination settlement statement;

 

(u)           
a copy of any closure letter (environmental), if not covered by the environmental reports; and

 

(v)           
a copy of any environmental remediation agreement for the related Mortgaged Property or Mortgaged Properties, if not covered by
the environmental reports;

 

in
each case, to the extent that the originator received such documents or information in connection with the origination of such
Mortgage Loan. In the event any of the items identified above were not included in connection with the origination of such Mortgage
Loan (other than documents that would not be included in connection with the origination of the Mortgage Loan because such document
is inapplicable to the origination of a Mortgage Loan of that structure or

 

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type,
taking into account whether or not such Mortgage Loan has any additional debt), the Diligence File shall include a statement to
that effect; provided that no information that is proprietary to the related originator or Mortgage Loan Seller or any
draft documents or privileged or internal communications shall constitute part of the Diligence File. It is not required to include
any of the same items identified above again if such items have already been included under another clause of the Diligence File,
and the Diligence File shall include a statement to that effect. The Mortgage Loan Seller may, without any obligation to do so,
include such other documents or information as part of the Diligence File that such Mortgage Loan Seller believes should be included
to enable the Asset Representations Reviewer to perform the Asset Review on such Mortgage Loan; provided that such documents
or information are clearly labeled and identified.

 

“Diligence
File Certification”: As defined in Section 2.01(h).

 

“Directing
Certificateholder”: (A) With respect to any Servicing Shift Whole Loan, the Directing Certificateholder shall be the
related Loan-Specific Directing Certificateholder, (B) with respect to each Mortgage Loan (other than any Servicing Shift Mortgage
Loan or Serviced AB Whole Loan), the Directing Certificateholder shall be the Controlling Class Certificateholder (or a representative
thereof) selected by more than 50% of the Controlling Class Certificateholders, (by Certificate Balance, as determined by the
Certificate Registrar from time to time) (the “Trust Directing Certificateholder”); and (C) with respect to
the 225 Bush Whole Loan, the 225 Bush Loan-Specific Directing Certificateholder; provided, however, that (i) absent
that selection, or (ii) until a Directing Certificateholder is so selected or (iii) upon receipt of a notice from a
majority of the Controlling Class Certificateholders, by Certificate Balance, that a Directing Certificateholder is no longer
designated, the Controlling Class Certificateholder that owns the largest aggregate Certificate Balance of the Controlling Class
(or a representative thereof) will be the Directing Certificateholder; provided, however, that, in the case of this
clause (iii), in the event that no one Holder owns the largest aggregate Certificate Balance of the Controlling Class,
then there will be no Directing Certificateholder until appointed in accordance with the terms of this Agreement. After the occurrence
and during the continuance of a Control Termination Event, the Directing Certificateholder shall only retain its consultation
rights to the extent specifically provided for herein. After the occurrence and during the continuance of a Consultation Termination
Event, there will be no Directing Certificateholder. The Depositor shall promptly provide the name and contact information for
the initial Directing Certificateholder upon request of any party to this Agreement and any such requesting party may conclusively
rely on the name and contact information provided by the Depositor. The Certificate Administrator and the other parties hereto
shall be entitled to assume that the identity of the Directing Certificateholder has not changed until such parties receive written
notice of a replacement of the Directing Certificateholder from a party holding the requisite interest in the Controlling Class,
or the resignation of the then-current Directing Certificateholder. The initial Trust Directing Certificateholder shall be KKR
Real Estate Credit Opportunity Partners II L.P.

 

“Directing
Certificateholder Asset Status Report Approval Process”: As defined in Section 3.19(d).

 

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“Directly
Operate”: With respect to any REO Property (except with respect to a Non-Serviced Mortgaged Property), the furnishing
or rendering of services to the tenants thereof, that are not customarily provided to tenants in connection with the rental of
space “for occupancy only” within the meaning of Treasury Regulations Section 1.512(b)-1(c)(5), the management
or operation of such REO Property, the holding of such REO Property primarily for sale to customers, the use of such REO Property
in a trade or business conducted by the Trust or on behalf of a Companion Holder or the performance of any construction work on
the REO Property other than through an Independent Contractor; provided, however, that an REO Property shall not
be considered to be Directly Operated solely because the Trustee (or the Special Servicer on behalf of the Trustee) establishes
rental terms, chooses tenants, enters into or renews leases, deals with taxes and insurance or makes decisions as to repairs or
capital expenditures with respect to such REO Property or takes other actions consistent with Treasury Regulations Section 1.856-4(b)(5)(ii).

 

“Disclosable
Special Servicer Fees”: With respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan) and any related
Serviced Companion Loan (including any related REO Property), any compensation and other remuneration (including, without limitation,
in the form of commissions, brokerage fees, or rebates, or as a result of any other fee-sharing arrangement) received or retained
by the Special Servicer or any of its Affiliates that is paid by any Person (including, without limitation, the Trust, any Mortgagor,
any manager, any guarantor or indemnitor in respect of such Mortgage Loan or Serviced Companion Loan and any purchaser of any
such Mortgage Loan or Serviced Companion Loan or REO Property) in connection with the disposition, workout or foreclosure of any
Mortgage Loan (other than any Non-Serviced Mortgage Loan) or Serviced Companion Loan, the management or disposition of any REO
Property, and the performance by the Special Servicer or any such Affiliate of any other special servicing duties under this Agreement,
other than (1) any Permitted Special Servicer/Affiliate Fees and (2) any compensation to which the Special Servicer
is entitled pursuant to Section 3.11 of this Agreement.

 

“Disclosure
Parties”: As defined in Section 3.13(f).

 

“Discount
Rate”: As defined in Section 4.01(e).

 

“Dispute
Resolution Consultation”: As defined in Section 2.03(l)(iii).

 

“Dispute
Resolution Cut-off Date”: As defined in Section 2.03(l)(i).

 

“Disqualified
Non-U.S. Tax Person”: With respect to the Class R Certificates, any Non-U.S. Tax Person or its agent other than
(a) a Non-U.S. Tax Person that holds the Class R Certificates in connection with the conduct of a trade or business within
the United States and has furnished the transferor and the Certificate Registrar with an effective IRS Form W-8ECI or (b) a
Non-U.S. Tax Person that has delivered to both the transferor and the Certificate Administrator an opinion of a nationally recognized
tax counsel to the effect that the transfer of the Class R Certificates to it is in accordance with the requirements of the
Code and the regulations promulgated thereunder and that such transfer of the Class R Certificates will not be disregarded
for federal income tax purposes.

 

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“Disqualified
Organization”: Any of (i) the United States, any State or political subdivision thereof, any possession of the
United States or any agency or instrumentality of any of the foregoing (other than an instrumentality which is a corporation if
all of its activities are subject to tax and, except for Freddie Mac, a majority of its board of directors is not selected by
such governmental unit), (ii) a foreign government, any international organization or any agency or instrumentality of any
of the foregoing, (iii) any organization which is exempt from the tax imposed by Chapter 1 of the Code (including the
tax imposed by Section 511 of the Code on unrelated business taxable income) on any excess inclusions (as defined in Section 860E(c)(1)
of the Code) with respect to the Class R Certificates (except certain farmers’ cooperatives described in Section 521
of the Code), (iv) rural electric and telephone cooperatives described in Section 1381(a)(2)(C) of the Code and (v) any
other Person so designated by the Trustee or the Certificate Administrator based upon an Opinion of Counsel as provided to the
Trustee or the Certificate Administrator (at no expense to the Trustee or the Certificate Administrator) that the holding of an
Ownership Interest in a Class R Certificate by such Person may cause any Trust REMIC to fail to qualify as a REMIC at any
time that the Certificates are outstanding or any Person having an Ownership Interest in any Class of Certificates (other than
such Person) to incur a liability for any federal tax imposed under the Code that would not otherwise be imposed but for the Transfer
of an Ownership Interest in a Class R Certificate to such Person. The terms “United States,” “State”
and “international organization” shall have the meanings set forth in Section 7701 of the Code or successor provisions.

 

“Distribution
Accounts”: Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Class
VRR Interest Distribution Account and the Excess Interest Distribution Account, the Trust Subordinate Companion Loan REMIC Distribution
Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

 

“Distribution
Date”: The fourth (4th) Business Day following each Determination Date, beginning in December 2019. The initial
Distribution Date shall be December 17, 2019.

 

“Distribution
Date Statement”: As defined in Section 4.02(a).

 

“Do
Not Hire List”: The list, as may be updated at any time, provided by the Depositor to the Master Servicer, the Special
Servicer, the Certificate Administrator, the Trustee, the Operating Advisor or the Asset Representations Reviewer, which lists
certain parties identified by the Depositor as having failed to comply (after any applicable cure period) with their respective
obligations under Article XI of this Agreement or as having failed to comply (after any applicable cure period) with
any similar Regulation AB reporting requirements under any other securitization transaction. For the avoidance of doubt, as of
the Closing Date, no parties appear on the Do Not Hire List.

 

“DSCR/DY
Trigger”: for purposes of determining the existence of a Major Decision or Master Servicer Decision in connection
with the approval of a change to the property management company at a Mortgaged Property (A) with respect to the debt service
coverage ratio for such Mortgaged Property, if the most recent debt service coverage ratio for the related Mortgaged Property
has decreased more than 10% from the debt service coverage ratio calculated 12 months prior to date on which the most recent debt
service coverage ratio was

 

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determined
and (B) with respect to the debt yield for such Mortgaged Property, if the most recent debt yield for the related Mortgaged Property
has decreased more than 10% from the debt yield calculated 12 months prior to date on which the most recent debt yield was determined.

 

“DTC”:
The Depository Trust Company, a New York corporation.

 

“Due
Date”: With respect to (i) any Mortgage Loan or Companion Loan, as applicable, on or prior to its Maturity Date,
the day of the month set forth in the related Mortgage Note on which each Periodic Payment thereon is scheduled to be first due,
(ii) any Mortgage Loan or Companion Loan, as applicable, after the Maturity Date therefor, the day of the month set forth
in the related Mortgage Note on which each Periodic Payment on such Mortgage Loan or Companion Loan, as applicable, had been scheduled
to be first due, and (iii) any REO Loan, the day of the month set forth in the related Mortgage Note on which each Periodic
Payment on the related Mortgage Loan or Companion Loan, as applicable, had been scheduled to be first due.

 

“EDGAR”:
As defined in Section 11.03.

 

“EDGAR-Compatible
Format”: With respect to (a) the Initial Schedule AL File, the Initial Schedule AL Additional File, the CREFC®
Schedule AL File and the Schedule AL Additional File, XML format or such other format as mutually agreed to between the
Depositor, Certificate Administrator and the Master Servicer and (b) any report, file or document other than those listed in clause
(a) above, any format compatible with EDGAR, including HTML, Word or clean, searchable PDFs.

 

“Eligible
Account”: Any of the following: (i) a segregated account or accounts maintained with a federal or state chartered
depository institution or trust company (including the Trustee or the Certificate Administrator), (A) the long-term unsecured
debt obligations of which are rated at least “A+” by Fitch, if the deposits are to be held in such account for thirty
(30) days or more, and the short-term debt obligations of which have a short-term rating of not less than “F1”
from Fitch, if the deposits are to be held in such account for less than thirty (30) days and (C) the long-term unsecured
debt obligations of which are rated at least “BBB+” by S&P, if the deposits are to be held in such account for
thirty (30) days or more, and the short-term debt obligations of which are rated at least “A-1” by S&P (or “A-2”
by S&P so long as the long-term unsecured debt obligations of such depository institution or trust company are rated no less
than “BBB” by S&P), if the deposits are to be held in such account for thirty (30) days or more, and the
short-term debt obligations of which have a short-term rating of at least “A-1” by S&P (or “A-2” by
S&P so long as the long-term unsecured debt obligations of such depository institution or trust company are rated no less
than “BBB” by S&P), if the deposits are to be held in such account for less than thirty (30) days; (ii) an
account or accounts maintained with Wells Fargo Bank, National Association so long as Wells Fargo Bank, National Association’s
long-term unsecured debt rating shall be at least “BBB” from S&P and “A” from Fitch (if the deposits
are to be held in the account for more than thirty (30) days) or Wells Fargo Bank, National Association’s short-term
deposit or short-term unsecured debt rating shall be at least “A-1” from S&P (or “A-2” by S&P
so long as the long-term unsecured debt obligations of such depository institution or trust company are rated no less than “BBB”
by S&P) and “F2” from Fitch (if the deposits are to be held in the account for thirty (30) days or less)
or such other rating confirmed in a Rating Agency Confirmation; (iii) an account or accounts maintained with PNC Bank,

 

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National
Association so long as PNC Bank, National Association’s (a) long-term unsecured debt rating or deposit account rating shall
be at least “BBB+” by S&P and “A-“ by Fitch if the deposits are to be held in the account for more
than 30 days or (b) short-term deposit account or short-term unsecured debt rating shall be at least “A-2” by S&P
and “F-1” by Fitch if the deposits are to be held in the account for 30 days or less; (iv) such other account
or accounts that, but for the failure to satisfy one or more of the minimum rating(s) set forth in the applicable clause, would
be listed in clauses (i) – (ii) above, with respect to which a Rating Agency Confirmation has been
obtained from each Rating Agency for which the minimum ratings set forth in the applicable clause is not satisfied with respect
to such account, which account may be an account maintained by or with the Certificate Administrator, the Trustee, the Master
Servicer or the Special Servicer; (iv) any other account or accounts not listed in clauses (i) – (ii)
above with respect to which a Rating Agency Confirmation has been obtained from each and every Rating Agency and a confirmation
of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of its then-current
ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant
to Section 3.25), which account may be an account maintained by or with the Certificate Administrator, the Trustee, the
Master Servicer or the Special Servicer; or (v) a segregated trust account or accounts maintained with the corporate trust
department of a federal or state chartered depository institution or trust company that has corporate trust powers, acting in
its fiduciary capacity, provided that any federal or state chartered depository institution or trust company is subject
to regulation regarding fiduciary funds substantially similar to 12 C.F.R. § 9.10(b). Eligible Accounts may bear interest.
No Eligible Account shall be evidenced by a certificate of deposit, passbook or other similar instrument.

 

“Eligible
Asset Representations Reviewer”: An institution that (a) is the special servicer, operating advisor or asset representations
reviewer on a transaction rated by any of DBRS, Fitch, KBRA, Moody’s, Morningstar or S&P and that has not been a special
servicer, operating advisor or asset representations reviewer on a transaction for which any of DBRS, Fitch, KBRA, Moody’s,
Morningstar or S&P has qualified, downgraded or withdrawn its rating or ratings of, one or more classes of certificates for
such transaction citing servicing or other relevant concerns with the special servicer, operating advisor or asset representations
reviewer as the sole or material factor in such rating action, (b) can and will make the representations and warranties set
forth in Section 6.01(d), (c) is not (and is neither affiliated with nor Risk Retention Affiliated with) a Mortgage
Loan Seller, Master Servicer, Special Servicer, the Depositor, the Third Party Purchaser, the Certificate Administrator, the Trustee,
the Directing Certificateholder, the Risk Retention Consultation Parties or any of their respective Affiliates, (d) has neither
performed (and is not affiliated with any party hired to perform) any due diligence, loan underwriting, brokerage, borrower advisory
or similar services with respect to any Mortgage Loan or any related Companion Loan prior to the Closing Date for or on behalf
of any Mortgage Loan Seller, any Underwriter, any party to this Agreement, the Directing Certificateholder, the Risk Retention
Consultation Parties or any of their respective Affiliates, nor been paid any fees, compensation or other remuneration by any
of them in connection with any such services, and (e) does not directly or indirectly, through one or more Affiliates or
otherwise, own any interest in any Certificates, any Mortgage Loans, any Companion Loan or any securities backed by a Companion
Loan or otherwise have any financial interest in the securitization transaction to

 

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which
this Agreement relates, other than in fees from its role as Asset Representations Reviewer (or as Operating Advisor, if applicable).

 

“Eligible
Operating Advisor”: An institution (a) that is a special servicer or operating advisor on a CMBS transaction rated by
the Rating Agencies (including, in the case of the Operating Advisor, this transaction) but has not been special servicer or operating
advisor on a transaction for which any of the Rating Agencies has qualified, downgraded or withdrawn its rating or ratings of,
one or more classes of certificates for such transaction citing servicing concerns with the Operating Advisor in its capacity
as the special servicer or operating advisor on such CMBS transaction as the sole or a material factor in such rating action;
(b) that can and will make the representations and warranties of the Operating Advisor set forth in Section 6.01(c)
of this Agreement; (c) that is not (and is neither affiliated nor Risk Retention Affiliated with) the Depositor, the
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, a Mortgage Loan Seller, the Third Party Purchaser,
the Directing Certificateholder, a Risk Retention Consultation Party, a depositor, a trustee, a certificate administrator, a master
servicer or special servicer with respect to the securitization of a Companion Loan, or any of their respective Affiliates; (d) that
has not been paid by any Special Servicer or successor Special Servicer any fees, compensation or other remuneration (x) in
respect of its obligations hereunder or (y) for the appointment or recommendation for replacement of a successor Special
Servicer to become the Special Servicer; (e) that (x) has been regularly engaged in the business of analyzing and advising
clients in CMBS matters and that has at least five (5) years of experience in collateral analysis and loss projections and (y) has
at least five (5) years of experience in commercial real estate asset management and experience in the workout and management
of distressed commercial real estate assets; and (f) that does not directly or indirectly, through one or more Affiliates
or otherwise, own or have derivative exposure in any interest in any Certificates, any Mortgage Loans, any Companion Loan or any
securities backed by a Companion Loan or otherwise have any financial interest in the securitization transaction to which this
Agreement relates, other than in fees from its role as Operating Advisor and Asset Representations Reviewer (to the extent it
also acts as the Asset Representations Reviewer).

 

“Enforcing
Party”: The person obligated to enforce the rights of the Trust against the related Mortgage Loan Seller with respect
to the Repurchase Request.

 

“Enforcing
Servicer”: (a) With respect to a Specially Serviced Loan, the Special Servicer, and (b) with respect to a Non-Specially
Serviced Loan, (i) in the case of a Repurchase Request made by the Special Servicer, the Directing Certificateholder or a Controlling
Class Certificateholder, the Master Servicer, and (ii) in the case of a Repurchase Request made by any Person other than the Special
Servicer, the Directing Certificateholder or a Controlling Class Certificateholder, (A) prior to a Resolution Failure relating
to such Non-Specially Serviced Loan, the Master Servicer, and (B) from and after a Resolution Failure relating to such Non-Specially
Serviced Loan, the Special Servicer.

 

“Environmental
Assessment”: An “environmental site assessment” as such term is defined in, and meeting the criteria of,
the American Society of Testing Materials Standard Section E 1527-00, or any successor thereto.

 

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“Environmental
Indemnity Agreement”: With respect to any Mortgage Loan or Trust Subordinate Companion Loan, any agreement between the
Mortgagor (or a guarantor thereof) and the originator of such Mortgage Loan or Trust Subordinate Companion Loan relating to the
Mortgagor’s obligation to remediate or monitor or indemnify for any environmental problems relating to the related Mortgaged
Property.

 

“ERISA”:
The Employee Retirement Income Security Act of 1974, as amended.

 

“ERISA
Plan”: As defined in Section 5.03(r).

 

“ERISA
Restricted Certificate”: Any Certificate (other than a Class R or Class S Certificate) that does not meet the requirements
of Prohibited Transaction Exemption 2002-19, as amended by Prohibited Transaction Exemption 2013-08 (as such exemption may be
amended from time to time) as of the date of the acquisition of such Certificate by a Plan. As of the Closing Date, each of the
Class F-RR, Class G-RR, Class NR-RR, Class 225B-C, Class 225B-D and Class 225B-E Certificates is an ERISA Restricted
Certificate.

 

“Escrow
Payment”: Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application
toward the payment of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the
related Mortgaged Property, including amounts for deposit to any reserve account.

 

“Euroclear”:
The Euroclear System or any successor thereto.

 

“Excess
Interest”: With respect to each ARD Loan, interest accrued on such ARD Loan after the Anticipated Repayment Date allocable
to the Excess Rate, including all interest accrued thereon to the extent permitted by applicable law and the related Mortgage
Loan documents. The Excess Interest shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.
There are no ARD Loans included in the Trust Fund and accordingly, no Excess Interest is payable to the Trust and all references
in this Agreement to “Excess Interest” shall be disregarded.

 

“Excess
Interest Distribution Account”: The trust account or accounts created and maintained as a separate account or accounts
(or as a subaccount of the Distribution Account) by the Certificate Administrator pursuant to Section 3.04(d), which shall
be entitled “Wells Fargo Bank, National Association, as Certificate Administrator, on behalf of Wells Fargo Bank, National
Association, as Trustee, for the benefit of the registered holders of Benchmark 2019-B14 Mortgage Trust 2019-B14, Commercial Mortgage
Pass-Through Certificates, Series 2019-B14, Excess Interest Distribution Account”, and which must be an Eligible Account
(or a subaccount of an Eligible Account). The Excess Interest Distribution Account shall be held solely for the benefit of the
Holders of the Class S Certificates and the VRR Interest. The Excess Interest Distribution Account shall not be an asset
of any Trust REMIC, but rather shall be an asset of the Grantor Trust. There are no ARD Loans included in the Trust Fund and,
accordingly, no Excess Interest Distribution Account will be established with respect to the Trust and all references in this
Agreement to “Excess Interest Distribution Account” shall be disregarded.

 

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“Excess
Modification Fee Amount”: With respect to either the Master Servicer or the Special Servicer, any Corrected Loan and
any particular modification, waiver, extension or amendment with respect to such Corrected Loan that gives rise to the payment
of a Workout Fee, an amount equal to the aggregate of any Excess Modification Fees paid by or on behalf of the related Mortgagor
with respect to the related Mortgage Loan (including the related Serviced Companion Loan, if applicable, unless prohibited under
the related Intercreditor Agreement) and received and retained by the Master Servicer or the Special Servicer, as applicable,
as compensation within the prior eighteen (18) months of such modification, waiver, extension or amendment, but only to the extent
those fees have not previously been deducted from a Workout Fee or Liquidation Fee.

 

“Excess
Modification Fees”: With respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan) or Serviced Whole
Loan, the sum of (A) the excess, if any, of (i) any and all Modification Fees with respect to a modification, waiver,
extension or amendment of any of the terms of such Mortgage Loan or Serviced Whole Loan, as applicable, over (ii) all unpaid
or unreimbursed additional expenses (including, without limitation, reimbursement of Advances and interest on Advances to the
extent not otherwise paid or reimbursed by the Mortgagor but excluding Special Servicing Fees, Workout Fees and Liquidation Fees)
outstanding or previously incurred on behalf of the Trust with respect to the related Mortgage Loan or Serviced Whole Loan, as
applicable, and reimbursed from such Modification Fees and (B) expenses previously paid or reimbursed from Modification Fees
as described in the preceding clause (A), which expenses have been recovered from the related Mortgagor or otherwise.
With respect to each of the Master Servicer and the Special Servicer, the Excess Modification Fees collected and earned by such
Person from the related Mortgagor (taken in the aggregate with any other Excess Modification Fees collected and earned by such
Person from the related Mortgagor within the prior eighteen (18) months of the collection of the current Excess Modification Fees)
will be subject to a cap of 1.00% of the outstanding principal balance of the related Mortgage Loan or Serviced Whole Loan, as
applicable, on the closing date of the related modification, extension, waiver or amendment (after giving effect to such modification,
extension, waiver or amendment) with respect to any Mortgage Loan or Serviced Whole Loan, as applicable.

 

“Excess
Prepayment Interest Shortfall”: With respect to any Distribution Date, (i) with respect to the Mortgage Loans, the aggregate
of any Prepayment Interest Shortfalls resulting from any principal prepayments made on the Mortgage Loans to be included in the
Pooled Aggregate Available Funds for such Distribution Date that are not covered by the Master Servicer’s Compensating Interest
Payment for such Distribution Date and the portion of the compensating interest payments allocable to any Non-Serviced Mortgage
Loan to the extent received from the related Non-Serviced Master Servicer, and (ii) with respect to the Trust Subordinate Companion
Loan, the aggregate of any Prepayment Interest Shortfalls resulting from any principal prepayments made on the Trust Subordinate
Companion Loan to be included in the 225 Bush Available Funds for such Distribution Date that are not covered by the Master Servicer’s
Compensating Interest Payment for such Distribution Date.

 

“Excess
Rate”: With respect to each ARD Loan, the excess of (i) the applicable Revised Rate over (ii) the applicable
Mortgage Rate set forth in the Mortgage Loan Schedule.

 

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“Exchange
Act”: The Securities Exchange Act of 1934, as amended from time to time and the rules and regulations of the Commission
thereunder.

 

“Excluded
Controlling Class Holder”: With respect to any Excluded Controlling Class Loan and/or any Excluded Loan, the Directing
Certificateholder, any Controlling Class Certificateholder, as applicable, (or, with respect to the 225 Bush Whole Loan, prior
to the a 225 Bush Control Appraisal Period, the 225 Bush Controlling Class Representative or any 225 Bush Controlling Class Certificateholder)
that is a Borrower Party with respect to such Excluded Controlling Class Loan and/or Excluded Loan. Promptly upon obtaining actual
knowledge of the Directing Certificateholder, any Controlling Class Certificateholder, the 225 Bush Controlling Class Representative
or any 225 Bush Controlling Class Certificateholder becoming an “Excluded Controlling Class Holder”, such Directing
Certificateholder, any Controlling Class Certificateholder, the 225 Bush Controlling Class Representative or any 225 Bush Controlling
Class Certificateholder, as applicable, shall provide notice in the form of Exhibit P-1E hereto to the Master Servicer,
the Special Servicer, the Operating Advisor, the Trustee and the Certificate Administrator, which notice shall be physically delivered
in accordance with Section 13.05 of this Agreement and shall specifically identify the Excluded Controlling Class
Holder and identifying the related Mortgage Loan, specifying whether it is (A) an Excluded Controlling Class Loan or (B) both
an Excluded Loan and an Excluded Controlling Class Loan. Additionally, any Excluded Controlling Class Holder shall also send to
the Certificate Administrator a notice substantially in the form of Exhibit P-1F hereto, which notice shall provide each
of the CTSLink User ID associated with such Excluded Controlling Class Holder, and which notice shall direct the Certificate Administrator
to restrict such Excluded Controlling Class Holder’s access to the Certificate Administrator’s Website as and to the
extent provided in this Agreement. As of the Closing Date, there is no Excluded Controlling Class Holder related to the Trust.

 

“Excluded
Controlling Class Loan”: Any Mortgage Loan or Whole Loan with respect to which, as of any date of determination, the
Directing Certificateholder or any Controlling Class Certificateholder, as applicable, (or, with respect to the 225 Bush Whole
Loan, prior to the continuation of a 225 Bush Control Appraisal Period, the 225 Bush Controlling Class Representative or any 225
Bush Controlling Class Certificateholder) is a Borrower Party. As of the Closing Date, there are no Excluded Controlling Class
Loans related to the Trust.

 

“Excluded
Information”: With respect to any Excluded Controlling Class Loan, any information solely related to such Excluded Controlling
Class Loan and/or the related Mortgaged Properties, which shall include the Asset Status Reports, Final Asset Status Reports (or
summaries thereof), any Operating Advisor reports delivered to the Certificate Administrator regarding a Special Servicer’s
net present value determination, any Appraisal Reduction Amount calculations delivered pursuant to Section 3.26(d),
and any Officer’s Certificates delivered by the Trustee, the Master Servicer or the Special Servicer supporting any determination
that any Advance was (or, if made, would be) a Nonrecoverable Advance, or such other information and reports designated as Excluded
Information by the Special Servicer, the Master Servicer or the Operating Advisor, as applicable, other than such information
with respect to such Excluded Controlling Class Loan(s) that is aggregated with information of other Mortgage Loans at a pool
level. For the avoidance of doubt, any file or report contained in the CREFC® Investor Reporting Package (CREFC®
IRP) (other than the CREFC® Special Servicer Loan File relating to any Excluded Controlling Class Loan) and
any Schedule AL Additional File shall not be

 

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considered
“Excluded Information”. Each of the Master Servicer, the Special Servicer or the Operating Advisor shall deliver any
Excluded Information that is to be posted to the Certificate Administrator’s Website to the Certificate Administrator in
accordance with Section 3.32(a) hereof. For the avoidance of doubt, the Certificate Administrator’s obligation
to segregate any information delivered to it under the “Excluded Information” tab on the Certificate Administrator’s
Website shall be triggered solely by such information being delivered in the manner provided in Section 3.32(a) hereof.

 

“Excluded
Loan”: With respect to (a) the Directing Certificateholder, any Mortgage Loan or Whole Loan if, as of any date of determination,
the Directing Certificateholder or the Holder of the majority of the Controlling Class is a Borrower Party or a party prohibited
from serving as the Directing Certificateholder or the holder of the majority of the Controlling Class under the related Mortgage
Loan documents, (b) with respect to any Risk Retention Consultation Party, a Mortgage Loan, Trust Subordinate Companion Loan or
Whole Loan with respect to which, as of the applicable date of determination, such Risk Retention Consultation Party or the Person
entitled to appoint such Risk Retention Consultation Party or the applicable VRR Interest is a Borrower Party or (c) with respect
to the 225 Bush Whole Loan, prior to the continuation of a 225 Bush Control Appraisal Period, the 225 Bush Controlling Class Representative
or any 225 Bush Controlling Class Certificateholder is a Borrower Party. For the avoidance of doubt, any Excluded Loan is also
an Excluded Controlling Class Loan. As of the Closing Date, there are no Excluded Loans related to the Trust.

 

“Excluded
Special Servicer”: With respect to any Excluded Special Servicer Loan, a replacement special servicer that is not a
Borrower Party with respect to such Excluded Special Servicer Loan and satisfies all of the eligibility requirements applicable
to the Special Servicer set forth in Section 7.01(g)(i). As of the Closing Date, there is no Excluded Special Servicer
related to the Trust.

 

“Excluded
Special Servicer Information”: With respect to any Excluded Special Servicer Loan, any information solely related to
such Excluded Special Servicer Loan and/or the related Mortgaged Properties, which shall include the Asset Status Reports, Final
Asset Status Reports (or summaries thereof), any Operating Advisor reports delivered to the Certificate Administrator regarding
an Excluded Special Servicer’s net present value determination, any Appraisal Reduction Amount calculations delivered pursuant
to Section 3.26(d), and any Officer’s Certificates delivered by the Master Servicer or the applicable Excluded
Special Servicer supporting any determination that any Advance was (or, if made, would be) a Nonrecoverable Advance, or such other
information and reports designated as Excluded Special Servicer Information by the applicable Excluded Special Servicer, the Master
Servicer or the Operating Advisor, as applicable, other than such information with respect to such Excluded Special Servicer Loan(s)
that is aggregated with information of other Mortgage Loans at a pool level. For the avoidance of doubt, any file or report contained
in the CREFC® Investor Reporting Package (CREFC® IRP) (other than the CREFC® Special
Servicer Loan File relating to any Excluded Special Servicer Loan) shall not be considered “Excluded Special Servicer Information”.

 

“Excluded
Special Servicer Loan”: Any Mortgage Loan or Serviced Whole Loan with respect to which, as of any date of determination,
the Special Servicer has obtained

 

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knowledge
that it has become a Borrower Party. As of the Closing Date, there are no Excluded Special Servicer Loans related to the Trust.

 

“Extended
Cure Period”: As defined in Section 2.03(b).

 

“Fannie
Mae”: Federal National Mortgage Association or any successor thereto.

 

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

 

“Fee
Restricted Specially Serviced Loan”: Any Specially Serviced Loan that (i) is a Specially Serviced Loan solely because
of an event described in clauses (iv) or (x) of the definition of “Servicing Transfer Event” and (ii) the Special
Servicer made the determination that the related Mortgage Loan (and any related Serviced Companion Loan) should be transferred
to special servicing and the Master Servicer did not agree with the Special Servicer’s determination, as evidenced by, in
the case of an event described in clause (iv) or (x) of the definition of “Servicing Transfer Event”, an Officer’s
Certificate delivered to the Special Servicer setting forth the reason for such disagreement; provided, however,
that no Specially Serviced Loan shall be a Fee Restricted Specially Serviced Loan if such Specially Serviced Loan is transferred
to special servicing by the determination of the Master Servicer or if the Master Servicer and the Special Servicer mutually agree
to such transfer. A Specially Serviced Loan will be a Fee Restricted Specially Serviced Loan only during the Imminent Default
Fee Restricted Period.

 

“Final
Asset Status Report”: With respect to any Specially Serviced Loan, the initial Asset Status Report (together with such
other data or supporting information provided by the Special Servicer to the Directing Certificateholder or the AB Whole Loan
Controlling Holder that does not include any communication (other than the Final Asset Status Report) between the Special Servicer
and the Directing Certificateholder with respect to such Specially Serviced Loan or between the Special Servicer and the AB Whole
Loan Controlling Holder) required to be delivered by the Special Servicer by the Initial Delivery Date or any Subsequent Asset
Status Report, in each case, in the form fully approved or deemed approved, if applicable, by the Directing Certificateholder
or the AB Whole Loan Controlling Holder, as applicable, pursuant to the Directing Certificateholder Asset Status Report Approval
Process or following completion of the ASR Consultation Process, as applicable. For the avoidance of doubt, the Special Servicer
may issue more than one Final Asset Status Report with respect to any Specially Serviced Loan in in accordance with the procedure
described Section 3.19(d). In addition, during an Operating Advisor Consultation Event, no Asset Status Report will
be a Final Asset Status Report unless and until the Operating Advisor is consulted with on a non-binding basis or deemed to have
been consulted with pursuant to this Agreement. No such consultation is required prior to an Operating Advisor Consultation Event
and, during such period, the Operating Advisor is only required to review Final Asset Status Reports delivered to it by the Special
Servicer; provided that the Operating Advisor shall request delivery of a Final Asset Status Report to the extent it has actual
knowledge of such Final Asset Status Report. Each Final Asset Status Report shall be labeled or otherwise identified or communicated
as being final by the Special Servicer.

 

“Final
Dispute Resolution Election Notice”: As defined in Section 2.03(l)(iii).

 

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“Final
Major Decision Reporting Package”: As defined in Section 6.08(a).

 

“Final
Recovery Determination”: A reasonable determination by the Special Servicer, in consultation with the Directing Certificateholder
if related to a Mortgage Loan or the Trust Subordinate Companion Loan other than an Excluded Loan and made prior to the occurrence
of a Consultation Termination Event, with respect to any Defaulted Loan (and, if applicable, any defaulted Companion Loan), Corrected
Loan, REO Property or the Trust Subordinate Companion Loan (other than a Mortgage Loan, REO Property or the Trust Subordinate
Companion Loan, as the case may be, that was purchased by (i) any of the Mortgage Loan Sellers pursuant to Section 6
of the applicable Mortgage Loan Purchase Agreement, (ii) the Special Servicer or other person pursuant to Section 3.16(b),
any Companion Holder or any mezzanine lender pursuant to Section 3.16 or (iii) the Master Servicer, Special Servicer,
the Holders of the Controlling Class, or the Holders of the Class R Certificates pursuant to Section 9.01) that
there has been a recovery of all Insurance and Condemnation Proceeds, Liquidation Proceeds, REO Revenue and other payments or
recoveries that, in the Special Servicer’s judgment, which judgment was exercised without regard to any obligation of the
Special Servicer to make payments from its own funds pursuant to Section 3.07(b), will ultimately be recoverable.
With respect to all Mortgage Loans other than the Excluded Loans, prior to the occurrence and continuance of any Control Termination
Event, the Directing Certificateholder shall have ten (10) Business Days (or, if the Directing Certificateholder and the
Special Servicer are affiliates, five (5) Business Days) to review and approve each such recovery determination by the Special
Servicer; provided, however, that if the Directing Certificateholder fails to approve or disapprove any recovery
determination within ten (10) Business Days (or, if the Directing Certificateholder and the Special Servicer are affiliates,
five (5) Business Days) of receipt of the initial recovery determination, such consent shall be deemed given.

 

“Fitch”:
Fitch Ratings, Inc., and its successors in interest. If neither Fitch nor any successor remains in existence, “Fitch”
shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable Person reasonably designated
by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator, the Master Servicer,
the Directing Certificateholder and the Special Servicer, and specific ratings of Fitch herein referenced shall be deemed to refer
to the equivalent ratings of the party so designated.

 

“Form
8-K Disclosure Information”: As defined in Section 11.07.

 

“Form
15 Suspension Notification”: As defined in Section 11.08.

 

“Franchise
Required Mortgage Loan”: Any Mortgage Loan (other than a Non-Serviced Mortgage Loan) subject to a franchise agreement
with a related comfort letter in favor of the respective Mortgage Loan Seller that requires notice to or request of the related
franchisor to transfer or assign any related comfort letter to the Trust or otherwise have a new comfort letter issued in the
name of the Trust. For the avoidance of doubt, the only Franchise Required Mortgage Loans with respect to the Trust are the Mortgage
Loans secured by the Mortgaged Properties identified as “Hilton Cincinnati Netherland Plaza”, “WoodSpring Suites
Grand Rapids” and “WoodSpring Suites Tyler” on the Mortgage Loan Schedule.

 

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“Freddie
Mac”: Federal Home Loan Mortgage Corporation or any successor thereto.

 

“GACC”:
German American Capital Corporation, a Maryland corporation.

 

“Gain-on-Sale
Proceeds”: With respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan) and the Trust Subordinate Companion
Loan, the excess of (i) Liquidation Proceeds net of any related Liquidation Expenses (or the portion of such net Liquidation
Proceeds payable to the related Mortgage Loan or Trust Subordinate Companion Loan pursuant to the related Intercreditor Agreement)
over (ii) the greater of the Purchase Price for such Mortgage Loan or Trust Subordinate Companion Loan on the date on which Liquidation
Proceeds were received and the amount that would have been received if a payment in full of principal and all other outstanding
amounts had been paid with respect to such Mortgage Loan or Trust Subordinate Companion Loan (including any amounts allocated
as a Yield Maintenance Charge, Prepayment Premium, recovery of any late payment charges and default interest or recovery of any
assumption fees or Modification Fees).

 

“Grace
Period”: The number of days before a payment default is an event of default under the related Mortgage Loan and/or before
the imposition of late payment charges and/or default interest.

 

“Grantor
Trust”: A segregated asset pool within the Trust Fund, which is classified as a trust under Treasury regulation section
301.7701-4 and the beneficiaries of which are treated as the owners of the trust under section 671 of the Code. The Grantor Trust
consists of the Class VRR Interest Specific Grantor Trust Assets, the Class S Specific Grantor Trust Assets, the Class VRR Interest
Distribution Account and the Excess Interest Distribution Account.

 

“Grantor
Trust Certificates”: The Class VRR Interest Certificates and the Class S Certificates, collectively.

 

“Ground
Lease”: The ground lease pursuant to which any Mortgagor holds a leasehold interest in the related Mortgaged Property
and any estoppels or other agreements executed and delivered by the ground lessor in favor of the lender under the Mortgage Loan.

 

“Hazardous
Materials”: Any dangerous, toxic or hazardous pollutants, chemicals, wastes or substances, including, without limitation,
those so identified pursuant to CERCLA or any other federal, state or local environmental related laws and regulations, and specifically
including, without limitation, asbestos and asbestos-containing materials, polychlorinated biphenyls, radon gas, petroleum and
petroleum products, urea formaldehyde and any substances classified as being “in inventory,” “usable work in
process” or similar classification which would, if classified as unusable, be included in the foregoing definition.

 

“HRR
Certificates”: The Class F-RR, Class G-RR and Class NR-RR Certificates.

 

“Imminent
Default Fee Restricted Period”: Any Imminent Default Workout Fee Restricted Period or Imminent Default Liquidation Fee
Restricted Period.

 

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“Imminent
Default Liquidation Fee Restricted Period”: With respect to any Specially Serviced Loan that is a Specially Serviced
Loan solely because of an event described in clause (iv) of the definition of “Servicing Transfer Event,” where (A)
a payment default has occurred with respect to the related Balloon Payment and (B) the related Mortgagor has provided prior to
the related Maturity Date, a Refinancing/P&S Document that is satisfactory in form and substance to the Master Servicer from
an acceptable lender or purchaser reasonably satisfactory to the Master Servicer, the period commencing upon the date of such
payment default and ending on the earlier of (i) the time set forth in the applicable Refinancing/P&S Document, as extended
pursuant to the original terms of such documentation, (ii) 120 days after the Balloon Payment default or maturity default, (iii)
the date that the related Mortgagor fails to make the Assumed Scheduled Payment or 225 Bush Assumed Scheduled Payment, as applicable,
or (iv) the date that the related Mortgage Loan (or Serviced Companion Loan) would have become a Specially Serviced Loan due to
an event other than an event described in clause (ii) or (iv) of the definition of “Servicing Transfer Event”. In
the event that the Master Servicer disagrees with the Special Servicer’s determination to transfer such Specially Serviced
Loan into special servicing, the Master Servicer shall deliver an Officer’s Certificate to the Special Servicer setting
forth the reasons for such disagreement.

 

“Imminent
Default Workout Fee Restricted Period”: With respect to any Specially Serviced Loan that is a Specially Serviced Loan
solely because of an event described in clause (iv) or (x) of the definition of “Servicing Transfer Event,” the period
commencing upon the date that such Mortgage Loan becomes a Specially Serviced Loan based on a determination of the Special Servicer
(without the agreement of the Master Servicer) and ending on the earlier of (i) the date (if any) on which such Specially Serviced
Loan is modified and (ii) the date on which the related Mortgage Loan (or Serviced Companion Loan) would have become a Specially
Serviced Loan due to an event other than an event described in clause (ii), (iv) or (x) of the definition of “Servicing
Transfer Event”. In the event that the Master Servicer disagrees with the Special Servicer’s determination to transfer
such Specially Serviced Loan into special servicing, the Master Servicer shall deliver an Officer’s Certificate to the Special
Servicer setting forth the reasons for such disagreement.

 

“Impermissible
Asset Representations Reviewer Affiliate”: As defined in Section 3.31.

 

“Impermissible
Risk Retention Affiliate”: As defined in Section 3.31.

 

“Impermissible
Operating Advisor Affiliate”: As defined in Section 3.31.

 

“Impermissible
TPP Affiliate”: As defined in Section 3.31.

 

“Independent”:
When used with respect to any accountants, a Person who is “independent” within the meaning of Rule 2-01(b) of
the Commission’s Regulation S-X. When used with respect to any specified Person, any such Person who (i) is in
fact independent of the Trustee, the Certificate Administrator, the Depositor, the Master Servicer, the Special Servicer, the
Directing Certificateholder, the Risk Retention Consultation Parties, the Companion Holders (insofar as the relevant matter involves
a Whole Loan (whether alone or together with one or more other Mortgage Loans)), the Operating Advisor, the Asset Representations
Reviewer and

 

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all
Affiliates thereof, (ii) does not have any material direct financial interest in or any material indirect financial interest
in any of the Trustee, the Certificate Administrator, the Depositor, the Master Servicer, the Special Servicer, the Directing
Certificateholder, the Risk Retention Consultation Parties, the Companion Holders (insofar as the relevant matter involves a Whole
Loan (whether alone or together with one or more other Mortgage Loans)), the Operating Advisor, the Asset Representations Reviewer
or any Affiliate thereof and (iii) is not connected with the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer, the Special Servicer, the Directing Certificateholder, the Risk Retention Consultation Parties, the Companion Holders
(insofar as the relevant matter involves a Whole Loan (whether alone or together with one or more other Mortgage Loans)), the
Operating Advisor, the Asset Representations Reviewer or any Affiliate thereof as an officer, employee, promoter, underwriter,
trustee, partner, director or Person performing similar functions; provided, however, that a Person shall not fail
to be Independent of the Trustee, the Certificate Administrator, the Depositor, the Master Servicer, the Special Servicer, the
Directing Certificateholder, the Risk Retention Consultation Parties, the Companion Holders or any Affiliate thereof merely because
such Person is the beneficial owner of 1% or less of any Class of securities issued by the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Directing
Certificateholder, the Companion Holders or any Affiliate thereof, as the case may be, so long as such ownership constitutes less
than 1% of the total assets of such Person. For the avoidance of doubt, the exception in the proviso above for ownership of 1%
or less of any Class of Certificates shall not apply with respect to the Operating Advisor or the Asset Representations Reviewer.

 

“Independent
Contractor”: Either (i) any Person that would be an “independent contractor” with respect to the Trust
within the meaning of Section 856(d)(3) of the Code if the Trust were a real estate investment trust (except that the ownership
test set forth in that Section shall be considered to be met by any Person that owns, directly or indirectly, 35% or more of any
Class of Certificates, or such other interest in any Class of Certificates as is set forth in an Opinion of Counsel, which shall
be at no expense to the Trustee, the Certificate Administrator, the Master Servicer, any Companion Holder, the 225 Bush Loan-Specific
Directing Certificateholder or the Trust, delivered to the Trustee, any Companion Holder, the 225 Bush Loan-Specific Directing
Certificateholder, the Certificate Administrator and the Master Servicer), so long as the Trust does not receive or derive any
income from such Person and provided that the relationship between such Person and the Trust is at arm’s length,
all within the meaning of Treasury Regulations Section 1.856-4(b)(5) (except that neither the Master Servicer nor the Special
Servicer shall be considered to be an Independent Contractor under the definition in this clause (i) unless an Opinion
of Counsel has been delivered to the Trustee and the Certificate Administrator to that effect) or (ii) any other Person (including
the Master Servicer and the Special Servicer) upon receipt by the Trustee, the Certificate Administrator, the Operating Advisor
and the Master Servicer of an Opinion of Counsel, which shall be at no expense to the Trustee, the Certificate Administrator,
the Master Servicer, the Operating Advisor or the Trust, to the effect that the taking of any action in respect of any REO Property
by such Person, subject to any conditions therein specified, that is otherwise herein contemplated to be taken by an Independent
Contractor will not cause such REO Property to cease to qualify as “foreclosure property” within the meaning of Section 860G(a)(8)
of the Code or cause any income realized in respect of such REO Property to fail to qualify as Rents from Real Property.

 

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“Initial
Cure Period”: As defined in Section 2.03(b).

 

“Initial
Delivery Date”: As defined in Section 3.19(d).

 

“Initial
Purchasers”: J.P. Morgan Securities LLC., Deutsche Bank Securities Inc. and Citigroup Global Markets Inc.

 

“Initial
Requesting Certificateholder”: The first Certificateholder or Certificate Owner (other than a Holder or Certificate
Owner of the VRR Interest) to deliver a Certificateholder Repurchase Request as described in Section 2.03(k) with
respect to a Mortgage Loan or Trust Subordinate Companion Loan. For the avoidance of doubt, there may not be more than one Initial
Requesting Certificateholder with respect to any Mortgage Loan, or Trust Subordinate Companion Loan and a Holder of the VRR Interest
may not be an Initial Requesting Certificateholder.

 

“Initial
Schedule AL Additional File”: The data file prepared by or on behalf of the Depositor containing additional information
or schedules regarding data points in the Initial Schedule AL File in accordance with Item 1111(h)(4) of Regulation AB and Item
601(b)(103) of Regulation S-K under the Securities Act and filed as Exhibit 103 to the Form ABS-EE incorporated by reference into
the Prospectus in both EDGAR-Compatible Format and Excel format.

 

“Initial
Schedule AL File”: The data file prepared by or on behalf of the Depositor containing the information required by Item
1111(h)(3) or Item 1125 of Regulation AB or Item 601(b)(102) of Regulation S-K under the Securities Act and filed as Exhibit 102
to the Form ABS-EE incorporated by reference into the Prospectus in both EDGAR-Compatible Format and Excel format.

 

“Initial
Sub-Servicer”: With respect to each Mortgage Loan that is subject to a Sub-Servicing Agreement with the Master Servicer
as of the Closing Date, the Sub-Servicer under any such Sub-Servicing Agreement. As of the Closing Date, each entity listed on
Exhibit FF is an Initial Sub-Servicer.

 

“Initial
Sub-Servicing Agreement”: Any Sub-Servicing Agreement in effect as of the Closing Date.

 

“Inquiry”
and “Inquiries”: As each is defined in Section 4.07(a).

 

“Institutional
Accredited Investor”: An institutional investor which is an “accredited investor” within the meaning of
paragraphs (1), (2), (3) or (7) of Rule 501(a) of Regulation D under the Act or any entity in which all of the equity owners
come within such paragraphs.

 

“Insurance
and Condemnation Proceeds”: All proceeds paid under any Insurance Policy or in connection with the full or partial condemnation
of a Mortgaged Property, in either case, to the extent such proceeds are not applied to the restoration of the related Mortgaged
Property or released to the Mortgagor or any tenants or ground lessors, in either case, in accordance with the Servicing Standard
(and (i) in the case of any Mortgage Loan with a related

 

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Companion
Loan, to the extent any portion of such proceeds are received by the Master Servicer or Certificate Administrator in connection
with such Mortgage Loan, pursuant to the allocations set forth in the related Intercreditor Agreement and (ii) in the case of
the 225 Bush Whole Loan, to the extent any portion of such proceeds are received by the Master Servicer or Certificate Administrator
in connection with such 225 Bush Whole Loan, and are allocable to the related Mortgage Loan and Trust Subordinate Companion Loan,
as applicable, pursuant to the related Intercreditor Agreement) and the REMIC Provisions.

 

“Insurance
Consultant Report”: With respect to each Mortgage Loan, a report or other summary prepared either by the related Mortgage
Loan Seller or a third party insurance consultant on behalf of the related Mortgage Loan Seller that provides a summary of all
Insurance Policies covering the related Mortgaged Property(ies), identifying the insurance provider, applicable ratings of each
such provider and the amount of coverage and any applicable deductible.

 

“Insurance
Policy”: With respect to any Mortgage Loan, any hazard insurance policy, flood insurance policy, title policy or other
insurance policy that is maintained from time to time in respect of such Mortgage Loan or the related Mortgaged Property.

 

“Intercreditor
Agreement”: Each intercreditor agreement relating to a Whole Loan described in the Preliminary Statement (each a “Designated
Intercreditor Agreement”), any other intercreditor agreement entered into in connection with the issuance to the direct
or indirect equity holders in the Mortgagor of any existing mezzanine indebtedness or any future mezzanine indebtedness permitted
under the related Mortgage Loan documents.

 

“Interest
Accrual Amount”: With respect to any Distribution Date and any Class of Regular Certificates or the Class VRR Upper-Tier
Regular Interest, is equal to interest for the related Interest Accrual Period accrued at the Pass-Through Rate for such Class
of Certificates on the Certificate Balance or Notional Amount, as applicable, for such Class immediately prior to that Distribution
Date. Calculations of interest for each Interest Accrual Period will be made on a 30/360 basis.

 

“Interest
Accrual Period”: For each Distribution Date, the calendar month prior to the month in which that Distribution Date occurs.

 

“Interest
Distribution Amount”: With respect to any Class of Pooled Non-VRR Certificates (other than the Class S Certificates)
for any Distribution Date, an amount equal to (A) the sum of (i) the Interest Accrual Amount with respect to such Class
of Certificates for such Distribution Date and (ii) the Interest Shortfall, if any, with respect to such Class of Certificates
for such Distribution Date, less (B) any Pooled Non-VRR Excess Prepayment Interest Shortfall allocated to such Class of Certificates
on such Distribution Date.

 

For
purposes of clause (B) above, the Pooled Non-VRR Excess Prepayment Interest Shortfall, if any, for each Distribution Date
shall be allocated to each Class of Pooled Non-VRR Certificates in an amount equal to the product of (i) the amount of such
Pooled Non-VRR Excess Prepayment Interest Shortfall and (ii) a fraction, the numerator of which is the Interest Accrual Amount
for such Class Pooled Non-VRR for such Distribution Date and the

 

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denominator
of which is the aggregate Interest Accrual Amounts for all Classes of Pooled Non-VRR Certificates for such Distribution Date.

 

“Interest
Reserve Account”: The trust account or subaccount of the Distribution Account created and maintained by the Certificate
Administrator pursuant to Section 3.04(b) initially in the name of “Wells Fargo Bank, National Association,
as Certificate Administrator, on behalf of Wells Fargo Bank, National Association, as Trustee, for the benefit of the registered
holders of Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14, Interest Reserve
Account”, into which the amounts set forth in Section 3.21 shall be deposited directly and which must be an
Eligible Account or subaccount of an Eligible Account.

 

“Interest
Shortfall”: With respect to any Distribution Date for any Class of Regular Certificates, the sum of (a) the portion
of the Interest Distribution Amount or 225 Bush Interest Distribution Amount, as applicable, for such Class remaining unpaid as
of the close of business on the preceding Distribution Date, and (b) to the extent permitted by applicable law, (i) other
than in the case of Class X Certificates, one month’s interest on that amount remaining unpaid at the Pass-Through
Rate applicable to such Class for the current Distribution Date and (ii) in the case of the Class X Certificates, one-month’s
interest on that amount remaining unpaid at the Pooled Weighted Average Net Mortgage Rate for such Distribution Date.

 

“Interested
Person”: As of the date of any determination, (i) the Depositor, the Master Servicer, the Special Servicer, the Operating
Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee, the Directing Certificateholder, a Risk
Retention Consultation Party, any sponsor, any Borrower Party, any Independent Contractor engaged by the Special Servicer, any
holder of a related mezzanine loan, or any known Affiliate of any of the preceding entities and, (ii) with respect to a Whole
Loan if it is a Defaulted Loan, the depositor, the master servicer, the special servicer (or any independent contractor engaged
by such special servicer), or the trustee for the securitization of a Companion Loan, and each related Companion Holder or its
representative, or any known Affiliate of any such party described above.

 

“Intralinks
Site”: The internet website, which shall initially be “www.intralinks.com”, used by the Depositor and Mortgage
Loan Sellers to accept and upload the Diligence Files.

 

“Investment
Account”: As defined in Section 3.06(a).

 

“Investment
Representation Letter”: As defined in Section 5.03(e), a form of which is attached hereto as Exhibit C.

 

“Investor
Certification”: A certificate (which may be in electronic form) substantially in the form of Exhibit P-1A, Exhibit
P-1B, Exhibit P-1C and Exhibit P-1D to this Agreement or in the form of an electronic certification contained
on the Certificate Administrator’s Website (which may be a click-through confirmation), representing (i) that such
Person executing the certificate is a Certificateholder, the Directing Certificateholder (to the extent such Person is not a Certificateholder),
a Certificate Owner, a prospective purchaser of a

 

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Certificate,
a Risk Retention Consultation Party or a Companion Holder (or any investment advisor, manager or other representative of the foregoing),
(ii) that either (a) such Person is a Risk Retention Consultation Party or is a Person who is not a Borrower Party, in which
case such Person shall have access to all the reports and information made available to Certificateholders via the Certificate
Administrator’s Website hereunder, or (b) such Person is a Borrower Party in which case (1) if such Person is the Directing
Certificateholder, a Controlling Class Certificateholder, a Risk Retention Consultation Party or a 225 Bush Controlling Class
Certificateholder, such Person shall have access to all the reports and information made available to Certificateholders via the
Certificate Administrator’s Website hereunder other than any Excluded Information as set forth herein, or (2) if such Person
is not the Directing Certificateholder, a Controlling Class Certificateholder, Risk Retention Consultation Party or a 225 Bush
Controlling Class Certificateholder, such Person shall only receive access to the Distribution Date Statements prepared by the
Certificate Administrator, (iii) that such Person has received a copy of the final Prospectus (except in the case of a certification
by a Companion Holder) and (iv) such Person agrees to keep any Privileged Information confidential and will not violate any
securities laws; provided, however, that any Excluded Controlling Class Holder (i) shall be permitted to reasonably
request and obtain in accordance with Section 4.02(f) of this Agreement any Excluded Information relating to any Excluded
Controlling Class Loan with respect to which such Excluded Controlling Class Holder is not a Borrower Party (if such Excluded
Information is not otherwise available to such Excluded Controlling Class Holder via the Certificate Administrator’s Website
on account of it constituting Excluded Information) from the Master Servicer or the Special Servicer, as the case may be, and
(ii) shall be considered a Privileged Person for all other purposes, except with respect to its ability to obtain information
with respect to any related Excluded Controlling Class Loan.

 

“Investor
Q&A Forum”: As defined in Section 4.07(a).

 

“Investor
Registry”: As defined in Section 4.07(b).

 

“JPMCB”:
JPMorgan Chase Bank, National Association, a national banking association organized under the laws of the United States.

 

“KBRA”:
Kroll Bond Rating Agency, Inc., and its successors in interest. If neither KBRA nor any successor remains in existence, “KBRA”
shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable Person reasonably designated
by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator, the Master Servicer,
the Directing Certificateholder and the Special Servicer and specific ratings of KBRA herein referenced shall be deemed to refer
to the equivalent ratings of the party so designated.

 

“Late
Collections”: With respect to any Mortgage Loan, Whole Loan or Companion Loan, all amounts received thereon prior to
the related Determination Date, whether as payments, Insurance and Condemnation Proceeds, Liquidation Proceeds or otherwise, which
represent late payments or collections of principal or interest due in respect of such Mortgage

 

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Loan,
Whole Loan or Companion Loan, as applicable (without regard to any acceleration of amounts due thereunder by reason of default),
on a Due Date prior to the immediately preceding Determination Date and not previously recovered. With respect to any REO Loan,
all amounts received in connection with the related REO Property prior to the related Determination Date, whether as Insurance
and Condemnation Proceeds, Liquidation Proceeds, REO Revenues or otherwise, which represent late collections of principal or interest
due or deemed due in respect of such REO Loan or the predecessor Mortgage Loan, Whole Loan or Companion Loan, as applicable (without
regard to any acceleration of amounts due under the predecessor Mortgage Loan, Whole Loan or Companion Loan, as applicable, by
reason of default), on a Due Date prior to the immediately preceding Determination Date and not previously recovered. The term
“Late Collections” shall specifically exclude Penalty Charges. With respect to any Whole Loan, as used in this Agreement,
Late Collections shall refer to such portion of Late Collections to the extent allocable to the related Mortgage Loan or related
Companion Loan, as applicable, pursuant to the terms of the related Intercreditor Agreement. With respect to the 225 Bush Whole
Loan, as used in this Agreement, Late Collections shall refer to such portion of Late Collections to the extent allocable to the
related Mortgage Loan or Trust Subordinate Companion Loan, as applicable, pursuant to the terms of the related Intercreditor Agreement.

 

“Liquidation
Event”: With respect to any Mortgage Loan, the Trust Subordinate Companion Loan or with respect to any REO Property
(and the related REO Loan), any of the following events: (i) such Mortgage Loan or Trust Subordinate Companion Loan is paid
in full; (ii) a Final Recovery Determination is made with respect to such Mortgage Loan or Trust Subordinate Companion Loan;
(iii) such Mortgage Loan is repurchased by the applicable Mortgage Loan Seller pursuant to Section 6 of the related
Mortgage Loan Purchase Agreement; (iv) such Mortgage Loan or Trust Subordinate Companion Loan is purchased by the Special
Servicer, or by any Companion Holder, any 225 Bush Loan-Specific Directing Certificateholder or any mezzanine lender (as applicable)
pursuant to Section 3.16 (and the related Intercreditor Agreement, as applicable); (v) such Mortgage Loan or
Trust Subordinate Companion Loan is purchased by the Special Servicer, the Master Servicer, the Holders of the majority of the
Controlling Class or the Holders of the Class R Certificates pursuant to Section 9.01 or acquired by the Sole
Certificateholder in exchange for its Certificates pursuant to Section 9.01; or (vi) such Mortgage Loan or Trust
Subordinate Companion Loan is sold by the Special Servicer pursuant to the terms of this Agreement.

 

“Liquidation
Expenses”: All customary, reasonable and necessary “out of pocket” costs and expenses incurred by the Special
Servicer in connection with a liquidation of any Specially Serviced Loan or REO Property (except with respect to a Non-Serviced
Mortgaged Property) pursuant to Section 3.16 (including, without limitation, legal fees and expenses, committee or
referee fees and, if applicable, brokerage commissions and conveyance taxes).

 

“Liquidation
Fee”: A fee payable to the Special Servicer (A) (x) with respect to each Specially Serviced Loan (except with respect
to any Fee Restricted Specially Serviced Loan during a related Imminent Default Liquidation Fee Restricted Period) or REO Property
(except with respect to a Non-Serviced Mortgage Loan), (y) with respect to each Mortgage Loan repurchased by a Mortgage Loan Seller
or (z) with respect to each Defaulted Loan that is a Non-Serviced Mortgage Loan sold by the Special Servicer in accordance with
this Agreement, in each case, as to which the Special Servicer obtains (i) a full, partial or discounted payoff from the

 

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related
Mortgagor or (ii) any Liquidation Proceeds or Insurance and Condemnation Proceeds with respect to the related Mortgage Loan
(including the related Companion Loan, if applicable), or REO Property (in any case, other than amounts for which a Workout Fee
has been paid, or will be payable), equal to the product of the Liquidation Fee Rate and the proceeds of such full, partial or
discounted payoff or other partial payment or the Liquidation Proceeds or Insurance and Condemnation Proceeds (net of the related
costs and expenses associated with the related liquidation) related to such liquidated Specially Serviced Loan or REO Property,
as the case may be, and (B) with respect to each Mortgage Loan and each Serviced Companion Loan (with respect to any Serviced
Companion Loan, only to the extent that (i) the Special Servicer is enforcing the related mortgage loan seller’s obligations
under the applicable mortgage loan purchase agreement with respect to such Serviced Companion Loan and (ii) the related Liquidation
Fee is not otherwise required to be paid to the special servicer engaged with respect to such Serviced Companion Loan securitization
trust or otherwise prohibited from being paid to the Special Servicer (in each case, under the related Other Pooling and Servicing
Agreement)) as to which the Special Servicer obtains any payment or Loss of Value Payment from the applicable mortgage loan seller
in connection with the repurchase of such Mortgage Loan and Serviced Companion Loan in accordance with Section 2.03(l),
equal to the product of the Liquidation Fee Rate and the related payment or Loss of Value Payment (exclusive of default interest);
provided, however, that any such fee payable with respect to the Serviced Companion Loan shall be payable solely
from proceeds on such Serviced Companion Loan; provided, however, that no Liquidation Fee shall be payable with
respect to (a) the purchase of any Specially Serviced Loan by the Special Servicer or any Affiliate thereof (except if such
Affiliate purchaser is the Directing Certificateholder or any Affiliate thereof; provided, however, that prior to
a Control Termination Event, if the Directing Certificateholder or an Affiliate thereof, purchases any Specially Serviced Loan
within ninety (90) days after the Special Servicer delivers to the Directing Certificateholder for its approval the initial Asset
Status Report with respect to such Specially Serviced Loan, the Special Servicer will not be entitled to a Liquidation Fee in
connection with such purchase by the Directing Certificateholder or its Affiliates), (b) any event described in clause (iv) and
(vii) of the definition of “Liquidation Proceeds” (or any substitution in lieu of a repurchase) so long as such repurchase,
substitution or Loss of Value Payment occurs prior to the termination of the Extended Cure Period, (c) any event described in
clauses (v) and (vi) of the definition of “Liquidation Proceeds”, as long as, with respect to a purchase pursuant
to clause (vi) of the definition of “Liquidation Proceeds”, a purchase occurs within ninety (90) days following the
date that the first purchase option trigger occurs resulting in such purchase option holder’s purchase option becoming exercisable
during that period prior to such Mortgage Loan becoming a Corrected Loan pursuant to the related Intercreditor Agreement, (d) with
respect to a Serviced Companion Loan, (x) a repurchase of such Serviced Companion Loan by the applicable Mortgage Loan Seller
for a breach of a representation or warranty or for a defective or deficient mortgage loan documentation under an Other Pooling
and Servicing Agreement within the time period (or extension thereof) provided for such repurchase of such repurchase occurs prior
to the termination of the extended resolution period provided therein or (y) a purchase of such Serviced Companion Loan by
any applicable party to the Other Pooling and Servicing Agreement pursuant to a clean-up call or similar liquidation of the Other
Securitization, or (e)  if a Mortgage Loan or Serviced Whole Loan becomes a Specially Serviced Loan solely because of a Servicing
Transfer Event described in clause (ii) of the definition of “Servicing Transfer Event”, Liquidation Proceeds
are received within ninety (90) days following the related Maturity Date as

 

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a
result of such Mortgage Loan or Serviced Whole Loan being refinanced or otherwise repaid in full (but, in the event that a Liquidation
Fee is not payable due to the application of any of clauses (a) through (e) above, the Special Servicer may still
collect and retain a Liquidation Fee and similar fees from the related Mortgagor to the extent provided for in, or not prohibited
by, the related loan documents); provided that the Liquidation Fee with respect to any Specially Serviced Loan will be
reduced by the amount of any Excess Modification Fees paid by or on behalf of the related Mortgagor with respect to the related
Mortgage Loan and any related Companion Loan, as applicable, or REO Property and received by the Special Servicer as compensation
within the prior twelve (12) months, but only to the extent those fees have not previously been deducted from a Workout Fee or
Liquidation Fee. No Liquidation Fee shall be payable in connection with a Loss of Value Payment by a Mortgage Loan Seller, if
the applicable Mortgage Loan Seller makes such Loss of Value Payment within ninety (90) days of receipt of notice of a breach
(and giving effect to an extension period of ninety (90) days).

 

“Liquidation
Fee Rate”: A rate equal to the lesser of (i) 1.00% with respect to any Specially Serviced Loan and REO Property; provided
that if such rate would result in an aggregate Liquidation Fee of less than $25,000, then the Liquidation Fee Rate will be
equal to such higher rate as would result in an aggregate Liquidation Fee equal to $25,000 and (ii) such lower rate that would
result in a Liquidation Fee of $1,000,000.

 

“Liquidation
Proceeds”: Cash amounts received by or paid to the Master Servicer or the Special Servicer in connection with: (i) the
liquidation (including a payment in full) of a Mortgaged Property or other collateral constituting security for a Defaulted Loan
or defaulted Companion Loan, if applicable, through a trustee’s sale, foreclosure sale, REO Disposition or otherwise, exclusive
of any portion thereof required to be released to the related Mortgagor in accordance with applicable law and the terms and conditions
of the related Mortgage Note and Mortgage; (ii) the realization upon any deficiency judgment obtained against a Mortgagor;
(iii) any sale of (A) a Specially Serviced Loan pursuant to Section 3.16(a) or (B) any REO Property
pursuant to Section 3.16(b); (iv) the repurchase of a Mortgage Loan or Trust Subordinate Companion Loan by the
applicable Mortgage Loan Seller pursuant to Section 6 of the related Mortgage Loan Purchase Agreement; (v) the purchase
of a Mortgage Loan, Trust Subordinate Companion Loan or REO Property by the Holders of the majority of the Controlling Class,
the Special Servicer, the Master Servicer or the Holders of the Class R Certificates pursuant to Section 9.01;
(vi) the purchase of a Mortgage Loan, Trust Subordinate Companion Loan or an REO Property by (a) the applicable Subordinate
Companion Holder or (b) the related mezzanine lender pursuant to Section 3.16 and the related Intercreditor Agreement;
or (vii) the transfer of any Loss of Value Payments from the Loss of Value Reserve Fund to the Collection Account in accordance
with Section 3.05(g) of this Agreement (provided that, for the purpose of determining the amount of the Liquidation
Fee (if any) payable to the Special Servicer in connection with such Loss of Value Payment, the full amount of such Loss of Value
Payment shall be deemed to constitute “Liquidation Proceeds” from which the Liquidation Fee (if any) is payable as
of such time such Loss of Value Payment is made by the applicable Mortgage Loan Seller). With respect to any Whole Loan, as used
in this Agreement, Liquidation Proceeds shall refer to such portion of Liquidation Proceeds to the extent allocable to the related
Mortgage Loan or related Companion Loan, as applicable, pursuant to the terms of the related Intercreditor Agreement.

 

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“Loan-Specific
Certificates”: The Class 225B-A, Class 225B-B, Class 225B-C, Class 225B-D and Class 225B-E Certificates and the 225B-VRR
Interest, collectively.

 

“Loan-Specific
Directing Certificateholder”: (a) With respect to the 225 Bush Mortgage Loan, the 225 Bush Loan-Specific Directing Certificateholder
and (b) with respect to any Servicing Shift Whole Loan, the “Controlling Holder”, the “Directing Certificateholder”,
the “Directing Holder”, the “Directing Lender” or any analogous concept set forth under the related Intercreditor
Agreement. Prior to the applicable Servicing Shift Securitization Date, the Loan-Specific Directing Certificateholder with respect
to the related Servicing Shift Whole Loan will be the holder of the related Servicing Shift Lead Note. On and after the applicable
Servicing Shift Securitization Date, there will be no Loan-Specific Directing Certificateholder under this Agreement with respect
to the related Servicing Shift Whole Loan. As of the Closing Date, JPMCB will be the Loan-Specific Directing Certificateholder
with respect to the Mortgage Loan identified on the Mortgage Loan Schedule as “Innovation Park” and DBR Investments
Co. Limited will be the Loan-Specific Directing Certificateholder with respect to the Mortgage Loan identified on the Mortgage
Loan Schedule as “180 Water”.

 

“Loan-Specific
Initial Purchaser”: Deutsche Bank Securities Inc.

 

“Loan-Specific
Non-VRR Certificates”: The Loan-Specific Certificates (other than the 225B-VRR Interest).

 

“Loan-Specific
Transfer Restriction Period”: The period from the Closing Date to the date that is the (A) latest of (i) the date
on which the unpaid principal balance of the Trust Subordinate Companion Loan has been reduced to 33.0% of the Cut-off Date Balance
of the Trust Subordinate Companion Loan; (ii) the date on which the aggregate outstanding principal balance of the Loan-Specific
Principal Balance Certificates has been reduced to 33.0% of the aggregate outstanding principal balance of the Loan-Specific Principal
Balance Certificates as of the Closing Date; or (iii) two years after the Closing Date, or (B) in the sole discretion
of the Retaining Sponsor, the provisions of Risk Retention Rule applicable to the Retaining Sponsor and the securitization are
repealed in their entirety or are otherwise eliminated and the Retaining Sponsor has determined that such repeal or elimination
renders Risk Retention Rule in its entirety inapplicable to the securitization.

 

“Loss
of Value Payment”: As defined in Section 2.03(b) of this Agreement.

 

“Loss
of Value Reserve Fund”: The “outside reserve fund” (within the meaning of Treasury Regulations Section 1.860G-2(h))
designated as such pursuant to Section 3.04(i) of this Agreement. The Loss of Value Reserve Fund will be part of the
Trust Fund but not part of the Grantor Trust or any Trust REMIC.

 

“Lower-Tier
Distribution Amount”: As defined in Section 4.01(b).

 

“Lower-Tier
Principal Amount”: With respect to any Class of Lower-Tier Regular Interests or Trust Subordinate Companion Loan REMIC
Regular Interests (i) on or prior to the first Distribution Date, an amount equal to the Original Lower-Tier Principal Amount
of such Class as specified in the Preliminary Statement hereto, and (ii) as of any date of determination after the first
Distribution Date, an amount equal to the Certificate Balance of the

 

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Class
of Related Certificates on the Distribution Date immediately prior to such date of determination (determined as adjusted pursuant
to Section 1.02(iii)), and as set forth in Section 4.01(b).

 

“Lower-Tier
Regular Interests”: Any of the Class LA1, Class LA2, Class LA3, Class LA4, Class LA5, Class LASB,
Class LAS, Class LB, Class LC, Class LD, Class LE, Class LFR, Class LGR, Class LNR and Class LVRR
Uncertificated Interests.

 

“Lower-Tier
REMIC”: One of three separate REMICs comprising a portion of the Trust Fund, the assets of which consist of the Mortgage
Loans (exclusive of the Excess Interest) and the proceeds thereof, any REO Property with respect thereto (or an allocable portion
thereof, in the case of any Serviced Mortgage Loan), or the Trust’s beneficial interest in the REO Property with respect
to a Non-Serviced Whole Loan, such amounts as shall from time to time be held in the Collection Account (other than with respect
to any Companion Loan), the related portion of the REO Account, if any, the Interest Reserve Account, the Pooled Non-VRR Gain-on-Sale
Reserve Account, the Pooled VRR Gain-on-Sale Reserve Account, the 225 Bush Non-VRR Gain-on-Sale Reserve Account, the 225 Bush
VRR Gain-on-Sale Reserve Account, the Lower-Tier REMIC Distribution Account, and all other properties included in the Trust Fund
that are not in the Trust Subordinate Companion Loan REMIC, the Upper-Tier REMIC or the Grantor Trust, except for the Loss of
Value Reserve Fund.

 

“Lower-Tier
REMIC Distribution Account”: The segregated account, accounts or sub-accounts created and maintained by the Certificate
Administrator (on behalf of the Trustee) pursuant to Section 3.04(b) in trust for the Certificateholders, which shall
initially be entitled “Wells Fargo Bank, National Association, as Certificate Administrator, on behalf of Wells Fargo Bank,
National Association, as Trustee, for the benefit of the registered holders of Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage
Pass-Through Certificates, Series 2019-B14, Lower-Tier REMIC Distribution Account”. Any such account, accounts or sub-accounts
shall be an Eligible Account.

 

“LTV
Ratio”: With respect to any Mortgage Loan, as of any date of determination, a fraction, expressed as a percentage, the
numerator of which is the scheduled principal balance of such Mortgage Loan, as of such date (assuming no defaults or prepayments
on such Mortgage Loan prior to that date), and the denominator of which is the Appraised Value of the related Mortgaged Property.

 

“MAI”:
Member of the Appraisal Institute.

 

“Major
Decision”: As defined in Section 6.08(a).

 

“Major
Decision Reporting Package”: As defined in Section 6.08(a).

 

“Master
Servicer”: With respect to each of the Mortgage Loans, Midland Loan Services, a Division of PNC Bank, National Association,
and its successors in interest and assigns, or any successor appointed as allowed herein.

 

“Master
Servicer Decision”: As defined in Section 3.18(j).

 

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“Master
Servicer Proposed Course of Action”: As defined in Section 2.03(l).

 

“Master
Servicer Remittance Date”: The Business Day immediately preceding each Distribution Date.

 

“Material
Defect”: With respect to any Mortgage Loan or the Trust Subordinate Companion Loan, a Defect in any Mortgage File or
a Breach, which Defect or Breach, as the case may be, materially and adversely affects the value of such Mortgage Loan or Trust
Subordinate Companion Loan, the value of the related Mortgaged Property or the interests of the Trustee or any Certificateholder
therein or causes such Mortgage Loan or Trust Subordinate Companion Loan to be other than a Qualified Mortgage.

 

“Maturity
Date”: With respect to any Mortgage Loan, Whole Loan or Companion Loan, as of any date of determination, the date on
which the last payment of principal is due and payable under the related Mortgage Note, after taking into account all Principal
Prepayments received prior to such date of determination, but without giving effect to (i) any acceleration of the principal
of such Mortgage Loan, Whole Loan or Companion Loan by reason of default thereunder or (ii) any Grace Period permitted by
the related Mortgage Note.

 

“Mediation
Rules”: As defined in Section 2.03(m)(i).

 

“Mediation
Services Provider”: As defined in Section 2.03(m)(i).

 

“Merger
Notice”: As defined in Section 6.03(b).

 

“Modification
Fees”: With respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan) or Serviced Companion Loans, any
and all fees with respect to a modification, extension, waiver or amendment that modifies, extends, amends or waives any term
of the Mortgage Loan documents and/or related Serviced Companion Loan documents (as evidenced by a signed writing) agreed to by
the Master Servicer or the Special Servicer, as applicable (other than all assumption fees, assumption application fees, consent
fees, defeasance fees, Special Servicing Fees, Liquidation Fees or Workout Fees).

 

“Moody’s”:
Moody’s Investors Service, Inc., and its successors in interest. If neither Moody’s nor any successor remains in existence,
“Moody’s” shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable
Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator,
the Master Servicer, the Directing Certificateholder and the Special Servicer, and specific ratings of Moody’s herein referenced
shall be deemed to refer to the equivalent ratings of the party so designated.

 

“Morningstar”:
Morningstar Credit Ratings, LLC, and its successors in interest. If neither Morningstar nor any successor remains in existence,
“Morningstar” shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable
Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator,
the Master Servicer, the Directing Certificateholder and the Special Servicer, and specific ratings of Morningstar herein referenced
shall be deemed to refer to the equivalent ratings of the party so designated.

 

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“Mortgage”:
With respect to any Mortgage Loan or Companion Loan, the mortgage(s), deed(s) of trust or other instrument(s) securing the related
Mortgage Note and creating a first mortgage lien on the fee and/or leasehold interest in the related Mortgaged Property.

 

“Mortgage
File”: With respect to each Mortgage Loan or Companion Loan, if applicable, but subject to Section 2.01,
collectively the following documents provided that for the avoidance of doubt, references to the Mortgage File for the
Trust Subordinate Companion Loan shall refer to the Mortgage File for the 225 Bush Mortgage Loan and the Mortgage Note(s) evidencing
such Trust Subordinate Companion Loan:

 

(i)            
the original Mortgage Note, endorsed on its face or by allonge attached to the Mortgage Note, without recourse, to “Pay
to the order of Wells Fargo Bank, National Association, as Trustee for the benefit of the registered holders of Benchmark 2019-B14
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14, without recourse, representation or warranty”
or in blank and further showing a complete, unbroken chain of endorsement from the originator (or, if the original Mortgage Note
has been lost, an affidavit to such effect from the applicable Mortgage Loan Seller or another prior holder, together with a copy
of the Mortgage Note and an indemnity properly assigned and endorsed to the Trustee);

 

(ii)            
the original or a certified copy (or a copy provided by the applicable recording office if a certified copy cannot be provided
by such office, provided that the Custodian is not required to investigate whether the recording office cannot provide a certified
copy) of the Mortgage, together with an original or copy of any intervening assignments of the Mortgage, in each case with evidence
of recording indicated thereon or certified to have been submitted for recording;

 

(iii)          
an original Assignment of Mortgage, in complete and recordable form (except for the name of the assignee, if delivered in blank,
and except for recording information not yet available, if the Mortgage or an assignment thereof has not been returned from the
applicable recording office), executed by the most recent assignee of record thereof prior to the Trustee, or if none, by the
originator to “Wells Fargo Bank, National Association, as trustee for the benefit of the registered holders of Benchmark
2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14” or in blank and, in the case of
any Serviced Whole Loan, in its capacity as “Lead Securitization Note Holder” or similar capacity under the related
Intercreditor Agreement on behalf of the related Serviced Companion Noteholders;

 

(iv)          
the original or a copy of any related assignment of leases and of any intervening assignments (if such item is a document separate
from the Mortgage), with evidence of recording indicated thereon or certified to have been submitted for recording;

 

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(v)           
an original assignment of any related assignment of leases (if such item is a document separate from the Mortgage) in favor of
the Trustee or in blank and (subject to the completion of certain missing recording information and, if applicable, the assignee’s
name) in recordable form (or, if the related Mortgage Loan Seller is responsible for the recordation of that assignment, a copy
thereof certified to be the copy of such assignment submitted or to be submitted for recording);

 

(vi)          
the original assignment of all unrecorded documents relating to the Mortgage Loan or a Serviced Whole Loan, if not already assigned
pursuant to items (iii) or (v) above;

 

(vii)         
originals or copies of all modification, consolidation, assumption, written assurance and substitution agreements in those instances
in which the terms or provisions of the Mortgage or Mortgage Note have been modified or the Mortgage Loan has been assumed or
consolidated;

 

(viii)        
the original or a copy of the policy or certificate of lender’s title insurance issued in connection with the origination
of such Mortgage Loan (which may be electronically issued), or, if such policy has not been issued or located, an irrevocable,
binding commitment (which may be a marked version of the policy that has been executed by an authorized representative of the
title company or an agreement to provide the same pursuant to binding escrow instructions executed by an authorized representative
of the title company) to issue such title insurance policy;

 

(ix)           
any filed copies (bearing evidence of filing) or evidence of filing of any UCC Financing Statements, related amendments and continuation
statements in the possession of the applicable Mortgage Loan Seller;

 

(x)            
an original assignment in favor of the Trustee of any financing statement executed and filed in favor of the applicable Mortgage
Loan Seller in the relevant jurisdiction (or, if the related Mortgage Loan Seller is responsible for the filing of that assignment,
a copy thereof certified to be the copy of such assignment submitted or to be submitted for recording);

 

(xi)           
the original or a copy of any intercreditor agreement relating to existing debt of the borrower, including any Intercreditor Agreement
relating to a Serviced Whole Loan;

 

(xii)          
the original or copies of any loan agreement, escrow agreement, security agreement or letter of credit relating to a Mortgage
Loan or a Serviced Whole Loan;

 

(xiii)         
the original or a copy of any ground lease, ground lessor estoppel, environmental insurance policy, environmental indemnity or
guaranty relating to a Mortgage Loan or a Serviced Whole Loan;

 

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(xiv)         
the original or a copy of any property management agreement relating to a Mortgage Loan or a Serviced Whole Loan;

 

(xv)         
the original or a copy of any franchise agreements and comfort letters or similar agreements relating to a Mortgage Loan or Serviced
Whole Loan and, with respect to any franchise agreement, comfort letter or similar agreement, any assignment of such agreements
or any notice to the franchisor of the transfer of a Mortgage Loan or Serviced Whole Loan and a request for confirmation that
the Trust is a beneficiary of such comfort letter or other agreement, or for the issuance of a new comfort letter in favor of
the Trust, as the case may be;

 

(xvi)        
the original or a copy of any lock-box or cash management agreement relating to a Mortgage Loan or a Serviced Whole Loan;

 

(xvii)        
the original or a copy of any related mezzanine intercreditor agreement;

 

(xviii)       
the original or a copy of all related environmental insurance policies; and

 

(xix)         
a list related to such Mortgage Loan indicating the related Mortgage Loan documents included in the related Mortgage File as of
the Closing Date (the “Mortgage Loan Checklist”);

 

provided,
however, that (a) whenever the term “Mortgage File” is used to refer to documents held by the Custodian,
such term shall not be deemed to include such documents and instruments required to be included therein unless they are actually
received by the Custodian, (b) if there exists with respect to any Crossed Mortgage Loan Group only one original or certified
copy of any document referred to in the definition of “Mortgage File” covering all of the Mortgage Loans in such Crossed
Mortgage Loan Group, then the inclusion of such original or certified copy in the Mortgage File for any of the Mortgage Loans
constituting such Crossed Mortgage Loan Group shall be deemed the inclusion of such original or certified copy in the Mortgage
File for each such Mortgage Loan, (c) to the extent that this Agreement refers to a “Mortgage File” for a Companion
Loan, such “Mortgage File” shall be construed to mean the Mortgage File for the related Mortgage Loan (except that
references to the Mortgage Note for a Companion Loan otherwise described above shall be construed to instead refer to a photocopy
of such Mortgage Note), (d) with respect to any Mortgage Loan that has a Serviced Companion Loan, the execution and/or recordation
of any assignment of Mortgage, any separate assignment of Assignment of Leases and any assignment of any UCC Financing Statement
in the name of the Trustee shall not be construed to limit the beneficial interest of the related Companion Holder(s) in such
instrument and the benefits intended to be provided to them by such instrument, it being acknowledged that (i) the Trustee
shall hold such record title for the benefit of the Trust as the holder of the related Mortgage Loan and the related Companion
Holder(s) collectively and (ii) any efforts undertaken by the Trustee, the Master Servicer, or the Special Servicer on its
behalf to enforce or obtain the benefits of such instrument shall be construed to be so undertaken by Trustee, the Master Servicer
or the Special Servicer for the benefit of the Trust as the holder of the applicable Mortgage Loan and the related Companion Holder(s)
collectively, (e) in

 

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connection
with any Non-Serviced Mortgage Loan, the preceding document delivery requirements will be met by the delivery by the applicable
Mortgage Loan Seller of copies of the documents specified above (other than the Mortgage Note and intervening endorsements evidencing
such Mortgage Loan, with respect to which the original shall be required) including a copy of the Mortgage securing the applicable
Mortgage Loan and any assignments or other transfer documents referred to in clauses (iii), (v), (vi), (vii),
(ix) and (x) above as being in favor of the Trustee shall instead be in favor of the applicable Non-Serviced Trustee
and need only be in such form as was delivered to the applicable Non-Serviced Trustee or a custodian on its behalf, and (f) in
connection with any (A) Non-Serviced Mortgage Loan, any and all document delivery requirements as regards the related Mortgage
File (or any portion thereof) set forth herein or in the related Mortgage Loan Purchase Agreement will also be satisfied by the
delivery, in compliance with the terms of the related Non-Serviced PSA, by the applicable Mortgage Loan Seller of the documents
specified above (other than the Mortgage Note and intervening endorsements evidencing such Mortgage Loan) to the custodian under
the related Non-Serviced PSA (in such form as was delivered to the custodian under the related Non-Serviced PSA) and (B) Servicing
Shift Mortgage Loan, the foregoing documents shall be delivered to the Custodian by the applicable Mortgage Loan Seller on or
prior to the Closing Date and such documents (other than the documents described in clause (i) above) shall be transferred to
the custodian pursuant to Section 2.01(i).

  

“Mortgage
Loan”: Each of the mortgage loans (other than (i) the Trust Subordinate Companion Loan and (ii) the Crossed Underlying
Loans of a Crossed Mortgage Loan Group, it being understood that for the purposes of this Agreement each Crossed Mortgage Loan
Group shall be treated as one Mortgage Loan) transferred and assigned to the Trustee pursuant to Section 2.01 and
to be held by the Trust. As used herein, the term “Mortgage Loan” includes the related Mortgage Note, Mortgage and
other documents contained in the related Mortgage File and any related agreements. The term “Mortgage Loan” shall,
as of any date of determination, include any Qualified Substitute Mortgage Loan that has replaced a Mortgage Loan pursuant to
Section 2.03 and exclude any such replaced Mortgage Loan.

 

“Mortgage
Loan Checklist”: A list related to each Mortgage Loan indicating the related Mortgage Loan documents included in the
related Mortgage File as of the Closing Date.

 

“Mortgage
Loan Purchase Agreement”: Each agreement between the Depositor and each Mortgage Loan Seller, relating to the transfer
of all of such Mortgage Loan Seller’s right, title and interest in and to the related Mortgage Loans and the Trust Subordinate
Companion Loan, if applicable.

 

“Mortgage
Loan Schedule”: The list of Mortgage Loans transferred on the Closing Date to the Trustee as part of the Trust Fund,
attached hereto as Exhibit B, which list

 

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sets
forth the following information with respect to each Mortgage Loan and the Trust Subordinate Companion Loan so transferred:

 

(a)          the Loan Number;

 

(b)          the Mortgage Loan Seller;

 

(c)          the Mortgage Loan name;

 

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

 

(e)          the Mortgage Rate in effect as of the Cut-off Date;

 

(f)           the original principal balance;

 

(g)          the Stated Principal Balance as of the Cut-off Date;

 

(h)          the Maturity Date or Anticipated Repayment Date for each Mortgage Loan;

 

(i)           the Due Date;

 

(j)           the amount of the Periodic Payment due on the first Due Date following the Cut-off Date (or, in the case of a Mortgage Loan that
provides an initial interest-only period and provides for scheduled amortization payments after the expiration of such interest-only
period, 12 times the monthly payment of principal and interest payable during the amortization period);

 

(k)          the Servicing Fee Rate;

 

(l)           whether the Mortgage Loan is an Actual/360 Loan;

 

(m)         whether any letter of credit is held by the lender as a beneficiary or is assigned as security for such Mortgage Loan;

 

(n)          the Revised Rate of such Mortgage Loan, if any;

 

(o)          whether the Mortgage Loan is part of a Whole Loan;

 

(p)          whether the Mortgage Loan is secured in any part by a leasehold interest; and

 

(q)          whether the Mortgage Loan has any related mezzanine debt or other subordinate debt.

 

Notwithstanding
the foregoing, clauses (a) – (q) above insofar as they relate to the 225 Bush Mortgage Loan shall also apply to the Trust
Subordinate Companion Loan, except with respect to the Trust Subordinate Companion Loan, (i) the original principal balance is
equal

 

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to
$146,400,000, (ii) the Stated Principal Balance as of the Cut-off Date is equal to $146,400,000 and (iii) the Servicing Fee Rate
will be 0.00025%.

 

“Mortgage
Loan Seller”: Each of (i) JPMorgan Chase Bank, National Association, a national banking association organized under
the laws of the United States, or its successor in interest, (ii) German American Capital Corporation, a Maryland corporation,
or its successor in interest and (iii) Citi Real Estate Funding Inc., a New York corporation, or its successor in interest.

 

“Mortgage
Note”: The original executed note(s) evidencing the indebtedness of a Mortgagor under a Mortgage Loan or Companion Loan,
as the case may be, together with any rider, addendum or amendment thereto.

 

“Mortgage
Rate”: With respect to: (i) any Mortgage Loan (including any Non-Serviced Mortgage Loan) or related Serviced Pari
Passu Companion Loan on or prior to its Maturity Date, the annual rate at which interest is scheduled (in the absence of a default)
to accrue on such Mortgage Loan or related Serviced Pari Passu Companion Loan from time to time in accordance with the related
Mortgage Note and applicable law; or (ii) any Mortgage Loan or related Serviced Pari Passu Companion Loan after its Maturity
Date, the annual rate described in clause (i) above determined without regard to the passage of such Maturity Date.
For the avoidance of doubt, the Mortgage Rate of any ARD Loan shall not be construed to include the related Excess Rate.

 

“Mortgaged
Property”: The real property subject to the lien of a Mortgage.

 

“Mortgagor”:
The obligor or obligors on a Mortgage Note, including without limitation, any Person that has acquired the related Mortgaged Property
and assumed the obligations of the original obligor under the Mortgage Note and including in connection with any Mortgage Loan
that utilizes an indemnity deed of trust structure, the borrower and the Mortgaged Property owner/payment guarantor/mortgagor
individually and collectively, as the context may require.

 

“Net
Investment Earnings”: With respect to the Collection Accounts, the Servicing Accounts or the REO Account or Companion
Distribution Account for any period from any Distribution Date to the immediately succeeding Master Servicer Remittance Date,
the amount, if any, by which the aggregate of all interest and other income realized during such period on funds relating to the
Trust Fund held in such account, exceeds the aggregate of all losses, if any, incurred during such period in connection with the
investment of such funds in accordance with Section 3.05(j).

 

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“Net
Investment Loss”: With respect to the Collection Account, the Servicing Accounts or the REO Account or Companion Distribution
Account for any period from any Distribution Date to the immediately succeeding Master Servicer Remittance Date, the amount by
which the aggregate of all losses, if any, incurred during such period in connection with the investment of funds relating to
the Trust held in such account in accordance with Section 3.05(j), exceeds the aggregate of all interest and other income
realized during such period on such funds.

 

“Net
Mortgage Rate”: With respect to each Mortgage Loan (including any Non-Serviced Mortgage Loan), REO Loan (including any
portion of an REO Loan related to the Trust Subordinate Companion Loan, but excluding the portion of an REO Loan related to any
other Companion Loan) and the Trust Subordinate Companion Loan as of any date of determination, a rate per annum equal
to the related Mortgage Rate then in effect (without regard to any increase in the interest rate of any ARD Loan after its respective
Anticipated Repayment Date), minus the related Administrative Cost Rate; provided, however, that for purposes
of calculating Pass-Through Rates, the Net Mortgage Rate for any Mortgage Loan or the Trust Subordinate Companion Loan will be
determined without regard to any modification, waiver or amendment of the terms of the related Mortgage Loan or Trust Subordinate
Companion Loan, whether agreed to by the Master Servicer or the Special Servicer or resulting from a bankruptcy, insolvency or
similar proceeding involving the Mortgagor; provided, further, that for any Mortgage Loan or Trust Subordinate Companion
Loan that does not accrue interest on the basis of a 360-day year consisting of twelve 30-day months, then, solely for purposes
of calculating Pass-Through Rates, the Pooled Weighted Average Net Mortgage Rate and the 225 Bush Weighted Average Net Mortgage
Rate, the Net Mortgage Rate of such Mortgage Loan or for any one-month period preceding a related Due Date will be the annualized
rate at which interest would have to accrue in respect of such Mortgage Loan or Trust Subordinate Companion Loan on the basis
of a 360-day year consisting of twelve 30-day months in order to produce the aggregate amount of interest actually accrued in
respect of such Mortgage Loan or Trust Subordinate Companion Loan during such one-month period at the related Net Mortgage Rate;
provided, further, that, with respect to each Actual/360 Loan, the Net Mortgage Rate for the one-month period (A) preceding
the Due Dates that occur in January and February in any year which is not a leap year or preceding the Due Date that occurs in
February in any year which is a leap year (in either case, unless the related Distribution Date is the final Distribution Date),
will be determined exclusive of any Withheld Amounts, and (B) preceding the Due Date in March (or February, if the related
Distribution Date is the final Distribution Date), will be determined inclusive of the amounts withheld in the immediately preceding
January and February, if applicable. With respect to any REO Loan, the Net Mortgage Rate shall be calculated as described above,
determined as if the predecessor Mortgage Loan or Trust Subordinate Companion Loan had remained outstanding.

 

“Net
Operating Income”: With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating
Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time
to time endorsed and put forth by the CREFC®.

 

“New
Lease”: Any lease of REO Property entered into at the direction of the Special Servicer on behalf of the Trust, including
any lease renewed, modified or extended on behalf of the Trust, if the Trust has the right to renegotiate the terms of such lease.

 

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“Non-Book
Entry Certificates”: As defined in Section 5.02(c).

 

“Nonrecoverable
Advance”: Any Nonrecoverable P&I Advance or Nonrecoverable Servicing Advance.

 

“Nonrecoverable
P&I Advance”: Any P&I Advance previously made or proposed to be made in respect of a Mortgage Loan (including
any Non-Serviced Mortgage Loan), Trust Subordinate Companion Loan or REO Loan (other than any portion of an REO Loan related to
a Companion Loan other than the Trust Subordinate Companion Loan) which, in the reasonable judgment of the Master Servicer or
the Trustee, as the case may be, will not be ultimately recoverable, together with any accrued and unpaid interest thereon at
the Reimbursement Rate, from Late Collections or any other recovery on or in respect of such Mortgage Loan, Trust Subordinate
Companion Loan or REO Loan; provided, however, that the Special Servicer may, at its option (prior to the occurrence
of a Consultation Termination Event (other than with respect to any Excluded Loan), in consultation with the Directing Certificateholder),
make a determination in accordance with the Servicing Standard, that any P&I Advance previously made or proposed to be made
is a Nonrecoverable P&I Advance and shall deliver to the Master Servicer (and with respect to a Serviced Mortgage Loan, the
Master Servicer shall deliver to the master servicer and, to the extent required under the related Intercreditor Agreement, special
servicer under any Other Pooling and Servicing Agreement, and, with respect to a Non-Serviced Mortgage Loan, the Master Servicer
shall deliver to the related Non-Serviced Master Servicer under the Non-Serviced PSA), the Certificate Administrator, the Trustee,
the Directing Certificateholder, the Operating Advisor and the 17g-5 Information Provider notice of such determination. Any such
determination shall be conclusive and binding upon, and may be conclusively relied upon by, the Master Servicer and the Trustee,
provided, however, that the Special Servicer shall have no such obligation to make an affirmative determination
that any P&I Advance is or would be recoverable and in the absence of a determination by the Special Servicer that such P&I
Advance is or would be a Nonrecoverable P&I Advance, such decision shall remain with the Master Servicer or Trustee, as applicable,
provided, further, that any recoverability determination with respect to the Trust Subordinate Companion Loan shall
be made based on the subordinate nature of the Trust Subordinate Companion Loan. If the Special Servicer makes a determination
that only a portion, and not all, of any previously made or proposed P&I Advance is a Nonrecoverable P&I Advance, the
Master Servicer and the Trustee shall have the right to make its own subsequent determination that any remaining portion of any
such previously made or proposed P&I Advance is a Nonrecoverable P&I Advance. With respect to any Non-Serviced Whole Loan,
if any Non-Serviced Master Servicer or Non-Serviced Special Servicer, as applicable, in connection with a securitization of the
related Non-Serviced Companion Loan determines that a P&I Advance with respect to the related Non-Serviced Companion Loan,
if made, would be a Nonrecoverable P&I Advance, such determination shall not be binding on the Master Servicer and the Trustee
as it relates to any proposed P&I Advance with respect to the related Non-Serviced Mortgage Loan. Similarly, with respect
to the related Non-Serviced Mortgage Loan, if the Master Servicer, the Special Servicer or the Trustee, as applicable, determines
that any P&I Advance with respect to a related Non-Serviced Mortgage Loan, if made, would be a Nonrecoverable P&I Advance,
such determination shall not be binding on the related Non-Serviced Master Servicer and related Non-Serviced Trustee as it relates
to any proposed P&I Advance with respect to the related Non-Serviced Companion Loan (unless the related Non-Serviced PSA provides
otherwise). In making such

 

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recoverability
determination, the Master Servicer, Special Servicer or Trustee, as applicable, shall be entitled (a) to consider (among
other things) (i) the obligations of the Mortgagor under the terms of the related Mortgage Loan or Companion Loan(s), as
applicable, as it may have been modified and (ii) the related Mortgaged Properties in their “as-is” or then-current
conditions and occupancies, as modified by such party’s assumptions (consistent with the Servicing Standard in the case
of the Master Servicer or the Special Servicer or in its good faith business judgment in the case of the Trustee, solely in its
capacity as Trustee) regarding the possibility and effects of future adverse change with respect to such Mortgaged Properties,
(b) to estimate and consider (consistent with the Servicing Standard in the case of the Master Servicer and the Special Servicer
or in its good faith business judgment in the case of the Trustee, solely in its capacity as Trustee) (among other things) future
expenses, (c) to estimate and consider (consistent with the Servicing Standard in the case of the Master Servicer and the
Special Servicer or in its good faith business judgment in the case of the Trustee, solely in its capacity as Trustee) (among
other things) the timing of recoveries, (d) in the case of a potential P&I Advance with respect to a Trust Subordinate
Companion Loan, the subordinate nature of such Trust Subordinate Companion Loan, (e) to give due regard to the existence of any
Nonrecoverable Advances which, at the time of such consideration, the recovery of which are being deferred or delayed by the Master
Servicer, the Trustee or the Special Servicer, in light of the fact that related proceeds are a source of recovery not only for
the Advance under consideration but also a potential source of recovery for such delayed or deferred Advance and (f) with respect
to a Non-Serviced Whole Loan, any non-recoverability determination of the Non-Serviced Master Servicer or Non-Serviced Trustee
under the related Non-Serviced PSA relating to a principal and interest advance for a Non-Serviced Companion Loan. In addition,
any Person, in considering whether a P&I Advance is a Nonrecoverable Advance, shall be entitled to give due regard to the
existence of any outstanding Nonrecoverable Advance or Workout-Delayed Reimbursement Amount with respect to other Mortgage Loans
or the Trust Subordinate Companion Loan, the reimbursement of which, is being deferred or delayed by the Master Servicer, the
Trustee or the Special Servicer because there is insufficient principal available for such recovery, in light of the fact that
proceeds on the related Mortgage Loan or Trust Subordinate Companion Loan are a source of recovery not only for the P&I Advance
under consideration, but also as a potential source of reimbursement of such Nonrecoverable Advance or Workout-Delayed Reimbursement
Amounts which are or may be being deferred or delayed. In addition, any such Person may update or change its recoverability determinations
at any time (but not reverse any other Person’s determination that an Advance is a Nonrecoverable Advance) and, consistent
with the Servicing Standard, in the case of the Master Servicer or in its good faith business judgment in the case of the Trustee
(solely in its capacity as Trustee), may obtain at the expense of the Trust any reasonably required analysis, Appraisals or market
value estimates or other information for making a recoverability determination (and, upon the reasonable request by the Trustee,
Master Servicer or Special Servicer, as applicable, the Master Servicer and the Special Servicer shall deliver any relevant Appraisals
or market value estimates in its possession to the requesting party for such purpose). Absent bad faith, the Master Servicer’s,
Special Servicer’s or the Trustee’s determination as to the recoverability of any P&I Advance shall be conclusive
and binding on the Certificateholders. The determination by the Master Servicer, the Special Servicer or the Trustee, as the case
may be, that a Nonrecoverable P&I Advance has been made or that any proposed P&I Advance, if made, would constitute a
Nonrecoverable P&I Advance, or any updated or changed recoverability determination, shall be evidenced by an

 

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Officer’s
Certificate delivered by either the Special Servicer or the Master Servicer to the other and to the Trustee, the Certificate Administrator,
the Directing Certificateholder (but only prior to the occurrence of a Consultation Termination Event and only with respect to
any Mortgage Loan or Trust Subordinate Companion Loan other than an Excluded Loan) (and, in the case of a Serviced Mortgage Loan,
any Other Servicer), the Operating Advisor (but only in the case of the Special Servicer) and the Depositor, or by the Trustee
to the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor and the Certificate Administrator (and, in
the case of a Serviced Mortgage Loan, any Other Servicer). The Officer’s Certificate shall set forth such determination
of nonrecoverability and the considerations of the Master Servicer, the Special Servicer or the Trustee, as applicable, forming
the basis of such determination (which shall be accompanied by, to the extent available, related income and expense statements,
rent rolls, occupancy status, property inspections and any other information used by the Master Servicer, the Special Servicer
or the Trustee, as applicable, to make such determination and shall include any existing Appraisal of the related Mortgage Loan
or Trust Subordinate Companion Loan or the related Mortgaged Property). The Trustee shall be entitled to conclusively rely on
the Master Servicer’s or Special Servicer’s determination that a P&I Advance is or would be nonrecoverable, and
the Master Servicer shall be entitled to conclusively rely on the Special Servicer’s determination that a P&I Advance
is or would be nonrecoverable. In the case of a cross-collateralized Mortgage Loan (if any), such recoverability determination
shall take into account the cross-collateralization of the related cross-collateralized Mortgage Loan.

 

“Nonrecoverable
Servicing Advance”: Any Servicing Advance previously made or proposed to be made in respect of a Mortgage Loan (other
than a Non-Serviced Mortgage Loan), Whole Loan or REO Property which, in the reasonable judgment of the Master Servicer, the Special
Servicer or the Trustee, as the case may be, will not be ultimately recoverable, together with any accrued and unpaid interest
thereon, at the Reimbursement Rate, from Late Collections or any other recovery on or in respect of such Mortgage Loan, Whole
Loan or REO Property. In making such recoverability determination, such Person shall be entitled (a) to consider (among other
things) (i) the obligations of the Mortgagor under the terms of the related Mortgage Loan or Companion Loan, as applicable,
as it may have been modified and (ii) the related Mortgaged Properties in their “as-is” or then-current conditions
and occupancies, as modified by such party’s assumptions (consistent with the Servicing Standard in the case of the Master
Servicer or the Special Servicer or in its good faith business judgment in the case of the Trustee, solely in its capacity as
Trustee) regarding the possibility and effects of future adverse change with respect to such Mortgaged Properties, (b) to
estimate and consider (consistent with the Servicing Standard in the case of the Master Servicer or the Special Servicer or in
its good faith business judgment in the case of the Trustee, solely in its capacity as Trustee) (among other things) future expenses,
(c) to estimate and consider (consistent with the Servicing Standard in the case of the Master Servicer or the Special Servicer
or in its good faith business judgment in the case of the Trustee, solely in its capacity as Trustee) (among other things) the
timing of recoveries and (d) to give due regard to the existence of any Nonrecoverable Advances which, at the time of such
consideration, the recovery of which are being deferred or delayed by the Master Servicer, the Special Servicer or the Trustee
because there is insufficient principal available for such reimbursement, in light of the fact that related proceeds are a source
of recovery not only for the Advance under consideration but also a potential source of recovery for such delayed or deferred
Advance. In addition, any Person, in considering whether a Servicing Advance is a Nonrecoverable Servicing Advance, shall be entitled
to give due regard to the

 

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existence
of any Nonrecoverable Advance or Workout-Delayed Reimbursement Amounts with respect to other Mortgage Loans, the reimbursement
of which, at the time of such consideration, is being deferred or delayed by the Master Servicer, the Special Servicer or the
Trustee, in light of the fact that proceeds on the related Mortgage Loan are a source of recovery not only for the Servicing Advance
under consideration, but also as a potential source of recovery of such Nonrecoverable Advance or Workout-Delayed Reimbursement
Amounts which are or may be being deferred or delayed. However, if the Workout-Delayed Reimbursement Amount relates to a Servicing
Advance for the 225 Bush Whole Loan, the Master Servicer will be entitled to recover such Workout-Delayed Reimbursement Amount
from general collections on deposit in the Collection Account for the Mortgage Loans and the Trust Subordinate Companion Loan.
In addition, any such Person may update or change its recoverability determinations at any time (but not reverse any other Person’s
determination that an Advance is a Nonrecoverable Advance) and, consistent with the Servicing Standard, in the case of the Master
Servicer or in its good faith business judgment in the case of the Trustee (solely in its capacity as Trustee), may obtain, promptly
upon request, from the Special Servicer at the expense of the Trust any reasonably required analysis, Appraisals or market value
estimates or other information for making a recoverability determination (and, upon the reasonable request by the Trustee, Master
Servicer or Special Servicer, as applicable, the Master Servicer and the Special Servicer shall deliver any relevant Appraisals
or market value estimates in its possession to the requesting party for such purpose). Absent bad faith, the Master Servicer’s,
Special Servicer’s or the Trustee’s determination as to the recoverability of any Servicing Advance shall be conclusive
and binding on the Certificateholders. The determination by the Master Servicer, the Special Servicer or the Trustee, as the case
may be, that a Nonrecoverable Servicing Advance has been made or that any proposed Servicing Advance, if made, would constitute
a Nonrecoverable Servicing Advance, or any updated or changed recoverability determination, shall be evidenced by an Officer’s
Certificate delivered by either of the Special Servicer or Master Servicer to the other and to the Trustee, the Certificate Administrator,
the Directing Certificateholder (but only prior to the occurrence of a Consultation Termination Event and only with respect to
any Mortgage Loan other than an Excluded Loan) (and in the case of a Serviced Mortgage Loan, any Other Servicer and Other Trustee),
the Operating Advisor (but only in the case of the Special Servicer) and the Depositor, or by the Trustee to the Depositor, the
Master Servicer, the Special Servicer, the Operating Advisor and the Certificate Administrator (and in the case of a Serviced
Mortgage Loan, any Other Servicer); provided, however, that the Special Servicer may, at its option (with respect
to any Specially Serviced Loan, prior to the occurrence of a Consultation Termination Event (other than with respect to any Excluded
Loan), in consultation with the Directing Certificateholder) make a determination in accordance with the Servicing Standard, that
any Servicing Advance previously made or proposed to be made is a Nonrecoverable Servicing Advance and shall deliver to the Master
Servicer (and with respect to a Serviced Mortgage Loan, the Master Servicer shall deliver to the applicable master servicer under
the related Other Pooling and Servicing Agreement, and with respect to a Non-Serviced Mortgage Loan, the Master Servicer shall
deliver to the related Non-Serviced Master), the Certificate Administrator, the Trustee, the Directing Certificateholder, the
Operating Advisor and the 17g-5 Information Provider notice of such determination. Any such determination (other than by the Special
Servicer) may be conclusively relied upon by, but shall not be binding upon, the Master Servicer and the Trustee, and any such
determination by the Special Servicer shall be conclusive and binding upon, and may be conclusively relied upon by, the Master
Servicer and the Trustee,

 

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provided,
however, that the Special Servicer shall have no such obligation to make an affirmative determination that any Servicing
Advance is or would be recoverable and in the absence of a determination by the Special Servicer that such Servicing Advance is
or would be a Nonrecoverable Servicing Advance, such decision shall remain with the Master Servicer or the Trustee, as applicable.
If the Special Servicer makes a determination that only a portion, and not all, of any previously made or proposed Servicing Advance
is a Nonrecoverable Servicing Advance, the Master Servicer and the Trustee shall each have the right to make its own subsequent
determination that any remaining portion of any such previously made or proposed Servicing Advance is a Nonrecoverable Servicing
Advance. The Officer’s Certificate shall set forth such determination of nonrecoverability and the considerations of the
Master Servicer, the Special Servicer or the Trustee, as applicable, forming the basis of such determination (which shall be accompanied
by, to the extent available, related income and expense statements, rent rolls, occupancy status, property inspections and any
other information used by the Master Servicer, the Special Servicer or the Trustee, as applicable, to make such determination
and shall include any existing Appraisal with respect to the related Mortgage Loan, Serviced Companion Loan or related Mortgaged
Property). The Special Servicer shall promptly furnish any party required to make Servicing Advances hereunder with any information
in its possession regarding the Specially Serviced Loans and REO Properties as such party required to make Servicing Advances
may reasonably request for purposes of making recoverability determinations. The Trustee shall be entitled to conclusively rely
on the Master Servicer’s or Special Servicer’s determination that a Servicing Advance is or would be nonrecoverable,
and the Master Servicer shall be entitled to conclusively rely on the Special Servicer’s determination that a Servicing
Advance is or would be nonrecoverable. Notwithstanding anything herein to the contrary, if the Special Servicer requests that
the Master Servicer make a Servicing Advance, the Master Servicer may conclusively rely on such request as evidence that such
advance is not a Nonrecoverable Servicing Advance; provided, however, the Special Servicer shall not be entitled
to make such a request more frequently than once per calendar month with respect to Servicing Advances other than emergency advances
(although such request may relate to more than one Servicing Advance). In the case of a cross-collateralized Mortgage Loan (if
any), such recoverability determination shall take into account the cross-collateralization of the related cross-collateralized
Mortgage Loan. The determination as to the recoverability of any Servicing Advance previously made or proposed to be made in respect
of a Non-Serviced Whole Loan shall be made by the related Non-Serviced Master Servicer, Non-Serviced Special Servicer or Non-Serviced
Trustee, as the case may be, pursuant to the related Non-Serviced PSA.

 

“Non-Registered
Certificate”: Unless and until registered under the Securities Act, any Class X-D, Class D, Class E, Class
F-RR, Class G-RR, Class NR-RR, Class S, Class R, Class 225B-A, Class 225B-B, Class 225B-C, Class 225B-D and Class 225B-E
Certificates, the VRR Interest and the 225B-VRR Interest.

 

“Non-Serviced
Asset Representations Reviewer”: The “Asset Representations Reviewer” under a Non-Serviced PSA.

 

“Non-Serviced
Certificate Administrator”: The “Certificate Administrator” under a Non-Serviced PSA.

 

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“Non-Serviced
Companion Loan”: Each of the Pari Passu Companion Loans and Subordinate Companion Loans, if any, identified as (i) “Non-Serviced”
under the column entitled “Type” in the “Whole Loan” chart in the Preliminary Statement or (ii) “Servicing
Shift” under the column entitled “Type” in the “Whole Loan” chart in the Preliminary Statement,
on and after the related Servicing Shift Securitization Date.

 

“Non-Serviced
Custodian”: Any custodian under a Non-Serviced PSA.

 

“Non-Serviced
Depositor”: The “Depositor” under a Non-Serviced PSA.

 

“Non-Serviced
Gain-on-Sale Proceeds”: Any “gain-on-sale proceeds” received in respect of a Non-Serviced Mortgage Loan
pursuant to the related Non-Serviced PSA.

 

“Non-Serviced
Indemnified Parties”: As defined in Section 6.04(i).

 

“Non-Serviced
Intercreditor Agreement”: Each of the Intercreditor Agreements related to the Whole Loans identified as (i) “Non-Serviced”
under the column entitled “Type” in the “Whole Loan” chart in the Preliminary Statement or (ii) “Servicing
Shift” under the column entitled “Type” in the “Whole Loan” chart in the Preliminary Statement,
on and after the related Servicing Shift Securitization Date.

 

“Non-Serviced
Master Servicer”: The “Master Servicer” under a Non-Serviced PSA.

 

“Non-Serviced
Mortgage Loan”: Each of the Mortgage Loans identified as (i) “Non-Serviced” under the column entitled “Type”
in the “Whole Loan” chart in the Preliminary Statement or (ii) “Servicing Shift” under the column entitled
“Type” in the “Whole Loan” chart in the Preliminary Statement, on and after the related Servicing Shift
Securitization Date.

 

“Non-Serviced
Mortgaged Property”: With respect to each Non-Serviced Mortgage Loan, Non-Serviced Companion Loan and Non-Serviced Whole
Loan, the related Mortgaged Property that secures such Non-Serviced Mortgage Loan, Non-Serviced Companion Loan and Non-Serviced
Whole Loan.

 

“Non-Serviced
Operating Advisor”: The “Operating Advisor” under a Non-Serviced PSA.

 

“Non-Serviced
Primary Servicing Fee Rate”: With respect to each Non-Serviced Mortgage Loan, the per annum rate set forth under
the column entitled “Non-Serviced Primary Servicing Fee Rate” in the “Whole Loan” chart in the Preliminary
Statement.

 

“Non-Serviced
PSA”: Each of the PSAs identified under the “Non-Serviced PSA” column in the “Whole Loan” chart
in the Preliminary Statement and, on and after any Servicing Shift Securitization Date, the PSA that governs the servicing of
the related Servicing Shift Whole Loan.

 

“Non-Serviced
Special Servicer”: The “Special Servicer” under a Non-Serviced PSA.

 

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“Non-Serviced
Trust”: The “Trust” formed under a Non-Serviced PSA.

 

“Non-Serviced
Trustee”: The “Trustee” under a Non-Serviced PSA.

 

“Non-Serviced
Whole Loan”: Each of the Whole Loans identified as “Non-Serviced” under the column entitled “Type”
in the “Whole Loan” chart in the Preliminary Statement and, on and after the related Servicing Shift Securitization
Date, each of the Whole Loans identified as “Servicing Shift” under the column entitled “Type” in the
“Whole Loan” chart in the Preliminary Statement.

 

“Non-Serviced
Whole Loan Controlling Holder”: The “directing certificateholder” or similarly defined party under a Non-Serviced
PSA.

 

“Non-Specially
Serviced Loan”: Any Mortgage Loan (other than a Non-Serviced Mortgage Loan) or Serviced Companion Loan that is not a
Specially Serviced Loan.

 

“Non-U.S.
Beneficial Ownership Certification”: As defined in Section 5.03(f).

 

“Non-U.S.
Tax Person”: Any person other than a U.S. Tax Person.

 

“Notional
Amount”: In the case of the Class X-A Certificates, the Class X-A Notional Amount; in the case of the Class X-B
Certificates, the Class X-B Notional Amount; and in the case of the Class X-D Certificates, the Class X-D Notional Amount.

 

“NRSRO”:
Any nationally recognized statistical rating organization within the meaning of Section 3(a)(62) of the Exchange Act, including
the Rating Agencies.

 

“NRSRO
Certification”: A certification (a) substantially in the form of Exhibit P-2 executed by a NRSRO or (b) provided
electronically and executed by such NRSRO by means of a “click-through” confirmation on the 17g-5 Information Provider’s
Website, in either case in favor of the 17g-5 Information Provider that states that such NRSRO is a Rating Agency under this Agreement
or that such NRSRO has provided the Depositor with the appropriate certifications pursuant to paragraph (e) of Rule 17g-5
of the Exchange Act, that such NRSRO has access to the Depositor’s 17g-5 website and that such NRSRO will keep such information
confidential, except to the extent such information has been made available to the general public. Each NRSRO shall be deemed
to recertify to the foregoing each time it accesses the 17g-5 Information Provider’s Website.

 

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

 

“Offered
Certificates”: The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB,
Class X-A, Class X-B, Class A-S, Class B and Class C Certificates.

 

“Officer’s
Certificate”: A certificate signed by a Servicing Officer of the Master Servicer or the Special Servicer or any Additional
Servicer, as the case may be, or a Responsible Officer of the Trustee or Certificate Administrator, as the case may be.

 

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“Offshore
Transaction”: Any “offshore transaction” as defined in Rule 902(h) of Regulation S.

 

“Operating
Advisor”: Pentalpha Surveillance LLC, a Delaware limited liability company, and its successors in interest and assigns,
or any successor operating advisor appointed as herein provided.

 

“Operating
Advisor Annual Report”: As defined in Section 3.26(c).

 

“Operating
Advisor Consultation Event”: The occurrence of the Certificate Balances of the Class F-RR, Class G-RR and Class NR-RR
Certificates in the aggregate (taking into account the application of any Cumulative Appraisal Reduction Amounts to notionally
reduce the Certificate Balances of such Classes) is 25% or less of the initial Certificate Balances of such Classes in the aggregate.

 

“Operating
Advisor Consulting Fee”: A fee for each Major Decision on which the Operating Advisor has consulting obligations and
performed its duties with respect to such Major Decision equal to $10,000 or such lesser amount as the related Mortgagor agrees
to pay with respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan), payable pursuant to Section 3.05
of this Agreement; provided that no such fee shall be payable unless specifically paid by the related Mortgagor as
a separately identifiable fee; provided, further, that the Operating Advisor may in its sole discretion reduce the
Operating Advisor Consulting Fee with respect to any Major Decision; provided, further, that the Master Servicer
or Special Servicer, as applicable, may waive or reduce the amount of any Operating Advisor Consulting Fee payable by the related
Mortgagor if it determines that such full or partial waiver is in accordance with the Servicing Standard (provided that
the Master Servicer or the Special Servicer, as applicable, shall consult, on a non-binding basis, with the Operating Advisor
prior to any such waiver or reduction).

 

“Operating
Advisor Expenses”: With respect to any Distribution Date, an amount equal to any unreimbursed indemnification amounts
or additional Trust Fund expenses payable to the Operating Advisor pursuant to this Agreement (other than the Operating Advisor
Fee and the Operating Advisor Consulting Fee).

 

“Operating
Advisor Fee”: With respect to each Mortgage Loan and REO Loan (excluding (i) the Non-Serviced Mortgage Loans, (ii)
any Servicing Shift Mortgage Loan and (iii) any Companion Loan), the fee payable to the Operating Advisor pursuant to Section 3.26(i).

 

“Operating
Advisor Fee Rate”: With respect to each Interest Accrual Period related to any applicable Distribution Date, a per
annum rate of 0.00163%.

 

“Operating
Advisor Standard”: The requirement that the Operating Advisor must act solely on behalf of the Trust and in the best
interest of, and for the benefit of, the Certificateholders and, with respect to any Serviced Whole Loan for the benefit of the
holders of the related Companion Loan(s) (as a collective whole as if such Certificateholders and Companion Holders constituted
a single lender), and not to any particular Class of Certificateholders (as determined by the Operating Advisor in the exercise
of its good faith and reasonable judgment), but without regard to any conflict of interest arising from any relationship

 

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that
the Operating Advisor or any of its Affiliates may have with any of the underlying Mortgagors, a manager of a Mortgaged Property,
the Mortgage Loan Sellers, the Depositor, the Master Servicer, the Special Servicer, the Asset Representations Reviewer, any Risk
Retention Consultation Party, the Directing Certificateholder, any Certificateholder or any of their Affiliates.

 

“Operating
Advisor Termination Event”: Any of the following events, whether any such event is voluntary or involuntary or is effected
by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative
or governmental body:

 

(a)          any failure by the Operating Advisor to observe or perform in any material respect any of its covenants or agreements or the material
breach of any of its representations or warranties under this Agreement, which failure continues unremedied for a period of thirty
(30) days after the date on which written notice of such failure, requiring the same to be remedied, is given to the Operating
Advisor by any party to this Agreement or to the Operating Advisor, the Certificate Administrator and the Trustee by the holders
of Certificates having greater than 25% of the aggregate Pooled Voting Rights, provided that with respect to any such failure
which is not curable within such thirty (30) day period, the Operating Advisor will have an additional cure period of thirty (30)
days to effect such cure so long as it has commenced to cure such failure within the initial thirty (30) day period and has provided
the Trustee and the Certificate Administrator with an officer’s certificate certifying that it has diligently pursued, and
is continuing to pursue, such cure;

 

(b)          any failure by the Operating Advisor to perform in accordance with the Operating Advisor Standard which failure continues unremedied
for a period of thirty (30) days after the date on which written notice of such failure, requiring the same to be remedied, is
given in writing to the Operating Advisor by any party to this Agreement;

 

(c)          any failure by the Operating Advisor to be an Eligible Operating Advisor, which failure continues unremedied for a period of thirty
(30) days after the date on which written notice of such failure, requiring the same to be remedied, is given in writing to the
Operating Advisor by any party to this Agreement;

 

(d)          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 or receiver
or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the
winding up or liquidation of its affairs, shall have been entered against the operating advisor, and such decree or order shall
have remained in force undischarged or unstayed for a period of sixty (60) days;

 

(e)          the Operating Advisor consents to the appointment of a conservator or receiver or liquidator or liquidation committee in any insolvency,
readjustment of debt, marshaling of assets and liabilities, voluntary liquidation, or similar proceedings of or

 

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relating
to the operating advisor or of or relating to all or substantially all of its property; or

 

(f)            
the Operating Advisor admits in writing its inability to pay its debts generally as they become due, files a petition to take
advantage of any applicable insolvency or reorganization statute, makes an assignment for the benefit of its creditors, or voluntarily
suspends payment of its obligations.

 

“Opinion
of Counsel”: A written opinion of counsel, who may, without limitation, be salaried counsel for the Depositor, the Master
Servicer, the Special Servicer, the Operating Advisor or the Asset Representations Reviewer, acceptable in form and delivered
to the Trustee and the Certificate Administrator, except that any opinion of counsel relating to (a) the qualification of
any Trust REMIC as a REMIC or the Grantor trust as a “grantor trust” for taxation purposes, (b) compliance with
the REMIC Provisions, or (c) the resignation of the Master Servicer, the Special Servicer or the Depositor pursuant to Section 6.05,
must be an opinion of counsel who is in fact Independent of the Depositor, the Master Servicer, the Special Servicer, the Operating
Advisor and the Asset Representations Reviewer.

 

“Original
Certificate Balance”: With respect to any Class of Principal Balance Certificates, the initial aggregate principal amount
thereof as of the Closing Date, in each case as specified in the Preliminary Statement.

 

“Original
Lower-Tier Principal Amount”: With respect to any Class of Lower-Tier Regular Interest or Trust Subordinate Companion
Loan REMIC Regular Interest, the initial principal amount thereof as of the Closing Date, in each case as specified in the Preliminary
Statement.

 

“Original
Notional Amount”: With respect to the Class X-A Notional Amount, the Class X-B Notional Amount and the Class
X-D Notional Amount, the applicable initial Notional Amount thereof as of the Closing Date, as specified in the Preliminary Statement.

 

“Other
Certificate Administrator”: Any certificate administrator under an Other Pooling and Servicing Agreement.

 

“Other
Depositor”: Any depositor under an Other Pooling and Servicing Agreement.

 

“Other
Pooling and Servicing Agreement”: Any trust and servicing agreement or pooling and servicing agreement, as applicable,
that creates a trust whose assets include any Serviced Companion Loan.

 

“Other
Securitization”: As defined in Section 11.06.

 

“Other
Servicer”: Any master servicer or special servicer, as applicable, under an Other Pooling and Servicing Agreement. With
respect to the delivery of any notices, reports or other information required to be delivered pursuant to this Agreement by any
party hereto to an Other Servicer, “Other Servicer” shall mean the master servicer under the applicable Other Pooling
and Servicing Agreement and, only to the extent required by or contemplated by the

 

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related
Intercreditor Agreement, the special servicer under the applicable Other Pooling and Servicing Agreement.

 

“Other
Trustee”: Any trustee under an Other Pooling and Servicing Agreement.

 

“Ownership
Interest”: As to any Certificate, any ownership or security interest in such Certificate as the Holder thereof and any
other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

 

“P&I
Advance”: As to any Mortgage Loan, Trust Subordinate Companion Loan or REO Loan (but not any related Companion
Loan, other than the Trust Subordinate Companion Loan), any advance made by the Master Servicer or the Trustee, as applicable,
pursuant to Section 4.03 or Section 7.05.

 

“P&I
Advance Determination Date”: With respect to any Distribution Date, the close of business on the related Determination
Date.

 

“Pari
Passu Companion Loan”: A Companion Loan that is pari passu in right of payment with the Mortgage Loan included
in the related Whole Loan.

 

“Pass-Through
Rate”: Any of the Class A-1 Pass-Through Rate, the Class A-2 Pass-Through Rate, the Class A-3 Pass-Through
Rate, the Class A-4 Pass-Through Rate, the Class A-5 Pass-Through Rate, the Class A-SB Pass-Through Rate, the Class A-S
Pass-Through Rate, the Class B Pass-Through Rate, the Class C Pass-Through Rate, the Class D Pass-Through Rate,
the Class E Pass-Through Rate, the Class F-RR Pass-Through Rate, the Class G-RR Pass-Through Rate, the Class NR-RR
Pass-Through Rate, the Class X-A Pass-Through Rate, the Class X-B Pass-Through Rate, the Class X-D Pass-Through Rate,
the Class 225B-A Pass-Through Rate, the Class 225B-B Pass-Through Rate, the Class 225B-C Pass-Through Rate, the
Class 225B-D Pass-Through Rate, the Class 225B-E Pass-Through Rate, as the case may be. With respect to the Class VRR
Upper-Tier Regular Interest, the Pooled Weighted Average Net Mortgage Rate, and with respect to the 225B-VRR Interest, the 225
Bush Weighted Average Net Mortgage Rate.

 

None
of the Class R or Class S Certificates, the VRR Interest or the 225B-VRR Interest have Pass-Through Rates.

 

“PCAOB”:
The Public Company Accounting Oversight Board.

 

“Penalty
Charges”: With respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan) or Serviced Companion Loan (or
any successor REO Loan), any amounts actually collected thereon (or, in the case of a Serviced Companion Loan (or any successor
REO Loan thereto) that is part of a Serviced Whole Loan, actually collected on such Serviced Whole Loan and allocated and paid
on such Serviced Companion Loan (or any successor REO Loan) in accordance with the related Intercreditor Agreement) that represent
late payment charges or Default Interest, other than a Prepayment Premium or a Yield Maintenance Charge or any Excess Interest.

 

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“Percentage
Interest”: As to any Certificate (other than the Class R and Class S Certificates), the percentage interest evidenced
thereby in distributions required to be made with respect to the related Class. With respect to any Certificate (other than the
Class R and Class S Certificates), the percentage interest is equal to the Denomination as of the Closing Date of such Certificate
divided by the Original Certificate Balance or Original Notional Amount, as applicable, of such Class of Certificates as of the
Closing Date. With respect to a Class R or Class S Certificate, the percentage interest is set forth on the face thereof.

 

“Performance
Certification”: As defined in Section 11.06.

 

“Performing
Party”: As defined in Section 11.12.

 

“Periodic
Payment”: With respect to any Mortgage Loan or the related Companion Loan(s), the scheduled monthly payment of principal
and/or interest (other than Excess Interest) on such Mortgage Loan or Companion Loan(s), including any Balloon Payment, which
is payable (as the terms of the applicable Mortgage Loan or Companion Loan(s) may be changed or modified in connection with a
bankruptcy or similar proceedings involving the related Mortgagor or by reason of a modification, extension, waiver or amendment
granted or agreed to pursuant to the terms hereof) by a Mortgagor from time to time under the related Mortgage Note and applicable
law, without regard to any acceleration of principal of such Mortgage Loan or Companion Loan(s) by reason of default thereunder
and without regard to any Excess Interest.

 

“Permitted
Investments”: Any one or more of the following obligations or securities (including obligations or securities of the
Certificate Administrator, or managed by the Certificate Administrator or any Affiliate of the Certificate Administrator, if otherwise
qualifying hereunder), regardless of whether issued by the Depositor, the Master Servicer, the Special Servicer, the Trustee,
the Certificate Administrator, or any of their respective Affiliates and having the required ratings, if any, provided for in
this definition and which shall not be subject to liquidation prior to maturity:

 

(i)            
direct obligations of, and obligations fully guaranteed as to timely payment of principal and interest by, the United States of
America, Fannie Mae, Freddie Mac or any agency or instrumentality of the United States of America, the obligations of which are
backed by the full faith and credit of the United States of America that mature in one (1) year or less from the date of acquisition;
provided that any obligation of, or guarantee by, any agency or instrumentality of the United States of America shall be a Permitted
Investment only if such investment would not result in the downgrading, withdrawal or qualification of the then-current rating
assigned by each Rating Agency to any Certificate (or, insofar as there is then outstanding any class of Serviced Companion Loan
Securities that are then rated by such Rating Agency, such class of securities) as evidenced in writing, other than (a) unsecured
senior debt obligations of the U.S. Treasury (direct or fully funded obligations), U.S. Department of Housing and Urban Development
public housing agency bonds, Federal Housing Administration debentures, Government National Mortgage Association guaranteed mortgage-backed
securities or participation certificates, RefCorp debt obligations and SBA-

 

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guaranteed
participation certificates and guaranteed pool certificates and (b) Farm Credit System consolidated systemwide bonds and notes,
Federal Home Loan Banks’ consolidated debt obligations, Freddie Mac debt obligations, and Fannie Mae debt obligations rated
at least “A-1” by S&P, if such obligations mature in sixty (60) days or less, or rated at least “AA-”,
“A-1+” or (with respect to money market fund investments only) “AAAm” by S&P, if such obligations
mature in 365 days or less;

 

(ii)            
time deposits, unsecured certificates of deposit, or bankers’ acceptances that mature in one (1) year or less after the
date of issuance and are issued or held by any depository institution or trust company (including the Trustee) incorporated or
organized under the laws of the United States of America or any State thereof and subject to supervision and examination by federal
or state banking authorities (A) in the case of such investments with maturities of thirty (30) days or less, (x) the short-term
debt obligations of which are rated at least “F1” by Fitch or the long-term debt obligations of which are rated at
least “A” by Fitch and (y) the short-term debt obligations of which are rated “A-1+” (or the equivalent)
by S&P, (B) in the case of such investments with maturities of three (3) months or less, but more than thirty (30) days, (x)
the short-term obligations of which are rated at least “F1+” by Fitch or the long-term obligations of which are rated
at least “AA-” by Fitch and (y) the short-term debt obligations of which are rated “A-1+” (or the equivalent)
by S&P, (C) in the case of such investments with maturities of six (6) months or less, but more than three (3) months, (x)
the short-term obligations of which are rated at least “F1+” by Fitch and the long-term obligations of which are rated
at least “AA-” by Fitch and (y) the long-term debt obligations of which are rated “AAA” or the equivalent
by S&P and (D) in the case of such investments with maturities of more than six (6) months, (x) the short-term obligations
of which are rated at least “F1+” by Fitch and the long-term obligations of which are rated at least “AA-”
by Fitch and (y) the long-term debt obligations of which are rated “AAA” or the equivalent by S&P;

 

(iii)           
repurchase agreements or obligations with respect to any security described in clause (i) above where such security has a remaining
maturity of one year or less and where such repurchase obligation has been entered into with a depository institution or trust
company (acting as principal) described in clause (ii) above;

 

(iv)           
debt obligations bearing interest or sold at a discount issued by any corporation incorporated under the laws of the United States
of America or any state thereof which mature in one (1) year or less from the date of acquisition, which debt obligations are
rated in the highest rating categories of each S&P, Fitch and KBRA (in the case of KBRA, if rated by KBRA); provided,
however, that securities issued by any particular corporation will not be Permitted Investments to the extent that investment
therein will cause the then outstanding principal amount of securities issued by such corporation and held in the accounts established
hereunder to exceed 10% of the sum of the aggregate principal

 

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balance
and the aggregate principal amount of all Permitted Investments in such accounts;

 

(v)           
commercial paper (including both non-interest bearing discount obligations and interest bearing obligations) of any corporation
or other entity organized under the laws of the United States or any state thereof payable on demand or on a specified date maturing
in one (1) year or less from the date of acquisition thereof and which is rated in the highest rating category of each of Fitch
and KBRA (if rated by KBRA) and (1) in the case of such investments with maturities of 30 days or less, the short-term obligations
of which corporation are rated at least “A-1” by S&P, (2) in the case of such investments with maturities of three
(3) months or less, but more than thirty (30) days, the short-term obligations of which are rated at least “A-1+”
by S&P (or “A-1” by S&P if the obligations mature within sixty (60) days), or the long-term obligations of
which are rated at least “AA-” by S&P (with a short-term rating of “A-1” by S&P), (3) in the case
of such investments with maturities of six months or less, but more than three months, the short-term obligations of which are
rated at least “A-1+” by S&P, or the long-term obligations of which corporation are rated at least “AA-”
by S&P (with a short-term rating of “A-1” by S&P), and (4) in the case of such investments with maturities
of more than six months, the short-term debt obligations of which are rated “A-1+” (or the equivalent) by S&P,
or the long-term obligations of which corporation are rated at least “AA-” by S&P (with a short-term rating of
“A-1” by S&P);

 

(vi)          
money market funds which seek to maintain a constant net asset value per share, rated in the highest rating categories of Fitch
and KBRA (if so rated by each such Rating Agency (and if not rated by any such Rating Agency, an equivalent rating (or higher)
by at least two (2) NRSROs (which may include Fitch, KBRA, DBRS, Moody’s and/or S&P))) and “AAAm” by
S&P (or, if not rated by S&P, otherwise acceptable to such Rating Agency, as confirmed in a Rating Agency Confirmation
relating to the Certificates), which may include the investments referred to in clause (i) hereof if so qualified
that (a) have substantially all of their assets invested continuously in the types of investments referred to in clause (i)
above and (b) have net assets of not less than $5,000,000,000;

 

(vii)         
any other demand, money market or time deposit, obligation, security or investment, but for the failure to satisfy one or more
of the minimum rating(s) set forth in the applicable clause, would be listed in clauses (i) – (vi) above
with respect to which a Rating Agency Confirmation has been obtained from each Rating Agency for which the minimum ratings set
forth in the applicable clause is not satisfied with respect to such demand, money market or time deposit, obligation, security
or investment and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered

 

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satisfied
in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25); and

 

(viii)        
any other demand, money market or time deposit, obligation, security or investment not listed in clauses (i) –
(vi) above with respect to which a Rating Agency Confirmation has been obtained from each and every Rating Agency;

 

provided,
however, that with respect to any Permitted Investment for which a rating by S&P is required as set forth above, such
rating must be an unqualified rating (i.e., one with no qualifying suffix), with the exception of ratings with regulatory indicators,
such as the (sf) subscript, and unsolicited ratings; provided, further, however, that each Permitted Investment
qualifies as a “cash flow investment” pursuant to Section 860G(a)(6) of the Code, and that (a) it shall
have a predetermined fixed dollar of principal due at maturity that cannot vary or change and (b) any such investment that
provides for a variable rate of interest must have an interest rate that is tied to a single interest rate index plus a fixed
spread, if any, and move proportionately with such index; and provided, further, however, that no such instrument
shall be a Permitted Investment (a) if such instrument evidences principal and interest payments derived from obligations
underlying such instrument and the interest payments with respect to such instrument provide a yield to maturity at the time of
acquisition of greater than 120% of the yield to maturity at par of such underlying obligations or (b) if such instrument
may be redeemed at a price below the purchase price; and provided, further, however, that no amount beneficially
owned by any Trust REMIC (even if not yet deposited in the Trust) may be invested in investments (other than money market funds)
treated as equity interests for federal income tax purposes, unless the Master Servicer receives an Opinion of Counsel, at its
own expense, to the effect that such investment will not adversely affect the status of any Trust REMIC. Permitted Investments
may not be purchased at a price in excess of par and may not be interest-only securities.

 

“Permitted
Special Servicer/Affiliate Fees”: Any commercially reasonable treasury management fees, banking fees, title agency fees,
insurance commissions or fees received or retained by the Special Servicer or any of its Affiliates in connection with any services
performed by such party with respect to any Mortgage Loan and Serviced Companion Loan (including any related REO Property) in
accordance with this Agreement.

 

“Permitted
Transferee”: Any Person or any agent thereof other than (a) a Disqualified Organization, (b) any other Person
so designated by the Certificate Registrar who is unable to provide an Opinion of Counsel (provided at the expense of such Person
or the Person requesting the transfer) to the effect that the transfer of an Ownership Interest in any Class R Certificate
to such Person will not cause any Trust REMIC to fail to qualify as a REMIC at any time that the Certificates are outstanding,
(c) a Person that is a Disqualified Non-U.S. Tax Person, (d) any partnership if any of its interests are (or under the
partnership agreement are permitted to be) owned, directly or indirectly (other than through a U.S. corporation), by a Disqualified
Non-U.S. Tax Person or (e) a U.S. Tax Person with respect to whom income from the Class R Certificate is attributable
to a foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty, of the transferee or
any other U.S. Tax Person.

 

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“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.

 

“Plan”:
As defined in Section 5.03(n).

 

“Pooled
Aggregate Available Funds”: With respect to any Distribution Date, an amount equal to the sum of (without duplication)
(which, for the avoidance of doubt, shall not include any amounts received in respect of the Trust Subordinate Companion Loan):

 

(a)            
the aggregate amount of all cash received on the Mortgage Loans (in the case of a Non-Serviced Mortgage Loan, only to the extent
received by the Trust pursuant to the related Non-Serviced PSA and/or the related Non-Serviced Intercreditor Agreement) (including
the portion of Loss of Value Payments deposited into the Collection Account pursuant to Section 3.05(g) of this Agreement)
and any REO Property (including Compensating Interest Payments with respect to the Mortgage Loans required to be deposited by
the Master Servicer pursuant to Section 3.17(a)) on deposit in the Collection Account (in each case, exclusive of
any amount on deposit in or credited to any portion of the Collection Account that is held for the benefit of the Companion Holders
or the Holders of the Loan-Specific Certificates), as of the close of business on the related Master Servicer Remittance Date,
exclusive of (without duplication):

 

(i)          all Periodic Payments paid by the Mortgagors of a Mortgage Loan that are due on a Due Date following the end of the related Collection
Period, excluding interest relating to payments prior to, but due after, the Cut-off Date;

 

(ii)         all unscheduled Principal Prepayments (together with any related payments of interest allocable to the period following the related
Due Date for the related Mortgage Loan), Liquidation Proceeds, Insurance and Condemnation Proceeds and other unscheduled recoveries,
in each case, received subsequent to the related Determination Date (or, with respect to voluntary Principal Prepayments for each
Mortgage Loan with a Due Date occurring after the related Determination Date, subsequent to the related Due Date) allocable to
the Mortgage Loans;

 

(iii)        (A) all amounts payable or reimbursable to any Person from the Collection Account pursuant to clauses (ii) through
(xviii), inclusive, and (xxi) of Section 3.05(a); (B) all amounts payable or reimbursable to any
Person from the Lower-Tier REMIC Distribution Account pursuant to clauses (ii) through (vii), inclusive, of
Section 3.05(b); and (C) any Net Investment Earnings contained therein;

 

(iv)        with respect to the Actual/360 Loans and any Distribution Date relating to each Interest Accrual Period occurring in (1) each
February or (2) any January in a year that is not a leap year (in each case, unless the related Distribution Date is the
final Distribution Date), an amount equal to one (1) day of interest on the Stated Principal Balance of such Mortgage Loan as
of the Due

 

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Date
in the month preceding the month in which such Distribution Date occurs at the related Mortgage Rate to the extent such amounts
are Withheld Amounts;

 

(v)         all Excess Interest allocable to the Mortgage Loans (which is separately distributed to the Holders of the Class S Certificates
and the VRR Interest);

 

(vi)        all Prepayment Premiums and Yield Maintenance Charges allocable to the Mortgage Loans;

 

(vii)       all amounts deposited in the Collection Account in error; and

 

(viii)      any Penalty Charges allocable to the Mortgage Loans;

 

(b)           
if and to the extent not already included in clause (a) hereof, the aggregate amount transferred from the REO Account
allocable to the Mortgage Loans to the Collection Account for such Distribution Date pursuant to Section 3.14(c);

 

(c)            
the aggregate amount of any (i) Compensating Interest Payments made by the Master Servicer with respect to the Mortgage Loans
with respect to such Distribution Date pursuant to Section 3.17(a) and (ii) P&I Advances made by the Master Servicer
or the Trustee, as applicable, with respect to the Mortgage Loans and the Distribution Date (net of any related Certificate Administrator
Fee, Operating Advisor Fee and Asset Representations Reviewer Fee actually payable with respect to the Mortgage Loans for which
such P&I Advances are made) pursuant to Section 4.03 or Section 7.05;

 

(d)           
with respect to each Actual/360 Loan and any Distribution Date occurring in each March (or February, if the related Distribution
Date is the final Distribution Date), the Withheld Amounts remitted to the Lower-Tier REMIC Distribution Account pursuant to Section 3.21(b);
and

 

(e)            
the Pooled Gain-on-Sale Remittance Amount for such Distribution Date.

 

Notwithstanding
the investment of funds held in the Collection Account pursuant to Section 3.06, for purposes of calculating the Pooled
Aggregate Available Funds, the amounts so invested shall be deemed to remain on deposit in such account.

 

“Pooled
Aggregate Principal Distribution Amount”: With respect to any Distribution Date and the Pooled Principal Balance Certificates,
an amount equal to the sum of the following amounts: (a) the Pooled Scheduled Principal Distribution Amount for such Distribution
Date and (b) the Pooled Unscheduled Principal Distribution Amount for such Distribution Date; provided that the Pooled
Aggregate Principal Distribution Amount for any Distribution Date shall be reduced, to not less than zero, by the amount of any
reimbursements of (A) Nonrecoverable Advances (including any servicing advance with respect to any Non-Serviced Mortgage
Loan under the related Non-Serviced PSA reimbursed out of general collections on the Mortgage Loans), with interest on such Nonrecoverable
Advances at the Reimbursement Rate that are paid or reimbursed from principal collections on the Mortgage Loans in a period during
which such principal collections would have otherwise been included in

 

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the
Pooled Aggregate Principal Distribution Amount for such Distribution Date and (B) Workout-Delayed Reimbursement Amounts paid
or reimbursed from principal collections on the Mortgage Loans in a period during which such principal collections would have
otherwise been included in the Pooled Aggregate Principal Distribution Amount for such Distribution Date (provided that,
in the case of clauses (A) and (B) above, if any of the amounts that were reimbursed from principal collections
on the Mortgage Loans (including REO Loans) are subsequently recovered on the related Mortgage Loan (or REO Loan), such recovery
will increase the Aggregate Principal Distribution Amount for the Distribution Date related to the period in which such recovery
occurs).

 

“Pooled
Aggregate Principal Shortfall”: For any Distribution Date after the initial Distribution Date with respect to the Mortgage
Loans, the amount, if any, by which (a) the related Pooled Aggregate Principal Distribution Amount for the preceding
Distribution Date exceeds (b) the aggregate amount actually distributed on the preceding Distribution Date in respect of
such Pooled Aggregate Principal Distribution Amount. The Pooled Aggregate Principal Shortfall for the initial Distribution Date
will be zero.

 

“Pooled
Assumed Scheduled Payment”: For any Collection Period and with respect to any Mortgage Loan (including any Non-Serviced
Mortgage Loan) that is delinquent in respect of its Balloon Payment or any REO Loan (excluding, for purposes of determining or
making P&I Advances, the portion allocable to any related Companion Loan), an amount equal to the sum of (a) the principal
portion of the Periodic Payment that would have been due on such Mortgage Loan or REO Loan on the related Due Date based on the
constant payment required by the related Mortgage Note or the original amortization schedule of such Mortgage Loan (as calculated
with interest at the related Mortgage Rate), if applicable, assuming such Balloon Payment has not become due, after giving effect
to any reduction in the principal balance thereof occurring in connection with a modification of such Mortgage Loan in connection
with a default or bankruptcy (or similar proceeding), and (b) interest on the Stated Principal Balance of such Mortgage Loan
or REO Loan (excluding, for purposes of determining P&I Advances, the portion allocable to any related Companion Loan, if
applicable) at the applicable Mortgage Rate (net of interest at the Servicing Fee Rate and net of any applicable interest at the
Non-Serviced Primary Servicing Fee Rate).

 

“Pooled
Certificates”: Each of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Cass A-S, Class B, Class
C, Class D, Class E, Class F-RR, Class G-RR, Class NR-RR, Class X-A, Class X-B, Class X-D and Class S Certificates and the VRR
Interest.

 

“Pooled
Certificate Available Funds”: With respect to any Distribution Date, an amount equal to the Pooled Non-VRR Percentage
of the Pooled Aggregate Available Funds for such Distribution Date.

 

“Pooled
Gain-on-Sale Remittance Amount”: The Pooled VRR Gain-on-Sale Remittance Amount and the Pooled Non-VRR Gain-on-Sale Remittance
Amount, collectively.

 

“Pooled
Non-VRR Certificates”: The Pooled Certificates (other than the VRR Interest).

 

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“Pooled
Non-VRR Excess Prepayment Interest Shortfall”: For any Distribution Date, the Pooled Non-VRR Percentage of the Excess
Prepayment Interest Shortfall allocated to a Mortgage Loan for such Distribution Date.

 

“Pooled
Non-VRR Gain-on-Sale Remittance Amount”: For each Distribution Date, the lesser of (i) the amount on deposit in
the Pooled Non-VRR Gain-on-Sale Reserve Account on such Distribution Date, and (ii) the amount distributable from the Pooled
Non-VRR Gain-on-Sale Reserve Account pursuant to Section 4.01(g).

 

“Pooled
Non-VRR Gain-on-Sale Reserve Account”: A custodial account or accounts (or subaccount of the Distribution Account) created
and maintained by the Certificate Administrator, pursuant to Section 3.04(c) on behalf of the Trustee for the benefit of
the Pooled Non-VRR Certificateholders, which shall initially be entitled “Wells Fargo Bank, National Association, as Certificate
Administrator, on behalf of Wells Fargo Bank, National Association, as Trustee, for the benefit of the registered Holders of Benchmark
2019-B14 Mortgage Trust 2019-B14, Commercial Mortgage Pass-Through Certificates, Series 2019-B14, Pooled Non-VRR Gain-on-Sale
Reserve Account”. Any such account shall be an Eligible Account or a subaccount of an Eligible Account.

 

“Pooled
Non-VRR Percentage”: An amount expressed as a percentage equal to 100% minus the Pooled VRR Percentage. For the avoidance
of doubt, at all times, the sum of the Pooled VRR Percentage and the Pooled Non-VRR Percentage shall equal 100%.

 

“Pooled
Non-VRR Principal Distribution Amount”: With respect to any Distribution Date and the Pooled Principal Balance Certificates,
an amount equal to the sum of (a) the Pooled Aggregate Principal Shortfall for such Distribution Date and (b) the Pooled
Non-VRR Percentage of the Pooled Aggregate Principal Distribution Amount for such Distribution Date.

 

“Pooled
Non-VRR Realized Loss”: With respect to the Mortgage Loans and any Distribution Date, the amount, if any, by which (i)
the aggregate Certificate Balance of the Pooled Principal Balance Certificates, after giving effect to distributions of principal
on such Distribution Date, exceeds (ii) product of (A) the Pooled Non-VRR Percentage and (B) the aggregate Stated Principal Balance
of the Mortgage Loans in the Mortgage Pool (for purposes of this calculation, the aggregate Stated Principal Balance will not
be reduced by the amount of principal payments received on the Mortgage Loans that were used to reimburse the Master Servicer
or the Trustee from general collections of principal on the Mortgage Loans for Workout-Delayed Reimbursement Amounts, to the extent
those amounts are not otherwise determined to be Nonrecoverable Advances), including any REO Loans (but in each case, excluding
any Companion Loan), as of the end of the last day of the related Collection Period.

 

“Pooled
Principal Balance Certificates”: Each of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB,
Class A-S, Class B, Class C, Class D, Class E, Class F-RR, Class G-RR and Class NR-RR Certificates.

 

“Pooled
Quorum”: The Holders of Certificates evidencing at least 50% of the aggregate Pooled Voting Rights (taking into account
the application of Pooled Non-VRR

 

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 Realized Losses or Pooled VRR Realized Losses and, other than with respect to the termination
of the Asset Representations Reviewer, the application of any Appraisal Reduction Amounts to notionally reduce the Certificate
Balance of the Certificates) of all Pooled Principal Balance Certificates and the VRR Interest on an aggregate basis.

 

“Pooled
Risk Retention Consultation Party”: Each of (i) the party selected by DBNY, (ii) the party selected by JPMCB
and (iii) the party selected by CREFI. The Certificate Administrator and the other parties hereto shall be entitled to assume
that the identity of any Pooled Risk Retention Consultation Party has not changed until such parties receive written notice of
a replacement of such Pooled Risk Retention Consultation Party from DBNY (in the case of the VRR-A Risk Retention Consultation
Party), JPMCB (in the case of the VRR-B Risk Retention Consultation Party) or CREFI (in the case of the VRR-C Risk Retention Consultation
Party), as confirmed by the Certificate Registrar. Notwithstanding the foregoing, no Pooled Risk Retention Consultation Party
shall have any consultation rights with respect to any related Excluded Loan. The initial VRR-A Risk Retention Consultation Party
shall be DBNY, the initial VRR-B Risk Retention Consultation Party shall be JPMCB and the initial VRR-C Risk Retention Consultation
Party shall be CREFI.

 

In
the event that no Pooled Risk Retention Consultation Party has been appointed or identified to the Master Servicer or the Special
Servicer, as applicable, and the Master Servicer or the Special Servicer, as applicable, has attempted to obtain such information
from the Certificate Administrator and no such entity has been identified to the Master Servicer or the Special Servicer, as applicable,
then until such time as a new Pooled Risk Retention Consultation Party is identified, the Master Servicer or the Special Servicer,
as applicable, shall have no duty to consult with, provide notice to, or seek the approval or consent of any such Pooled Risk
Retention Consultation Party, as the case may be.

 

“Pooled
Scheduled Principal Distribution Amount”: With respect to any Distribution Date and the Mortgage Loans, the aggregate
of the principal portions of the following: (a) all Periodic Payments (excluding Balloon Payments) due in respect of such
Mortgage Loans during or, if and to the extent not previously received or advanced pursuant to Section 4.03 in respect
of a preceding Distribution Date (and not previously distributed to Certificateholders), prior to, the related Collection Period,
and all Pooled Assumed Scheduled Payments with respect to the Mortgage Loans for the related Collection Period, in each case to
the extent either (i) paid by the Mortgagor as of the Determination Date (or, with respect to each Mortgage Loan with a Due
Date occurring or a Grace Period ending after the related Determination Date, the related Due Date or last day of such Grace Period,
as applicable, to the extent received by the Master Servicer as of the Business Day preceding the related Master Servicer Remittance
Date) or (ii) advanced by the Master Servicer or the Trustee, as applicable, pursuant to Section 4.03 in respect
of such Distribution Date, and (b) all Balloon Payments with respect to the Mortgage Loans to the extent received on or prior
to the related Determination Date (or, with respect to each Mortgage Loan with a Due Date occurring or a Grace Period ending after
the related Determination Date, the related Due Date or last day of such Grace Period, as applicable, to the extent received by
the Master Servicer as of the Business Day preceding the related Master Servicer Remittance Date), and to the extent not included
in clause (a) above.

 

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“Pooled
Transfer Restriction Period”: The period from the Closing Date to the earlier of:

 

(a)          the latest of (i) the date on which the aggregate unpaid principal balance of all outstanding Mortgage Loans has been reduced
to 33.0% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans; (ii) the date on which the aggregate outstanding
principal balance of the Pooled Principal Balance Certificates has been reduced to 33.0% of the aggregate outstanding principal
balance of the Pooled Principal Balance Certificates as of the Cut-off Date; or (iii) two years after the Closing Date;

 

(b)          with respect to the HRR Certificates only, the date on which all of the Mortgage Loans have been defeased in accordance with the
risk retention requirements set forth in §244.7(b)(8)(i) of the Risk Retention Rule; or

 

(c)          the date that the Risk Retention Rule applicable to the Third Party Purchaser or a Holder of the VRR Interest are withdrawn or
repealed in their entirety as they relate to this securitization, the HRR Certificates or the VRR Interest;

 

provided
that the termination of the Pooled Transfer Restriction Period shall not be effective without the written consent of the Retaining
Sponsor.

 

“Pooled
Unscheduled Principal Distribution Amount”: With respect to any Distribution Date, the aggregate of the following: (a) all
Principal Prepayments received on the Mortgage Loan on or prior to the related Determination Date and (b) the principal portions
of all Liquidation Proceeds, Insurance and Condemnation Proceeds and, if applicable, REO Revenues or otherwise, received with
respect to the Mortgage Loans and any REO Property on or prior to the related Determination Date, but in each case only to the
extent that such principal portion represents a recovery of principal for which no Advance was previously made pursuant to Section
4.03 in respect of a preceding Distribution Date; provided that all such Liquidation Proceeds and Insurance and Condemnation
Proceeds will be reduced by any Special Servicing Fees, Liquidation Fees, accrued interest on Advances and other additional expenses
of the Trust incurred in connection with the related Mortgage Loan.

 

“Pooled
Voting Rights”: The portion of the voting rights of all of the Pooled Certificates which is allocated to any Pooled
Certificate. At all times during the term of this Agreement, the Pooled Voting Rights shall be allocated among the various Classes
of Certificateholders as follows: (i) 2% in the case of the Class X Certificates (allocated pro rata, based upon
their respective Notional Amounts as of the date of determination) and (ii) in the case of any Pooled Principal Balance Certificates
and the VRR Interest, a percentage equal to the product of 98% and a fraction, the numerator of which is equal to the Certificate
Balance (and solely in connection with any vote for purposes of determining whether to remove the Special Servicer pursuant to
Section 7.01(d), the Operating Advisor pursuant to Section 3.26(j) or the Asset Representations Reviewer
pursuant to Section 12.05, taking into account any notional reduction in the Certificate Balance for Appraisal Reduction
Amounts allocated to the Certificates pursuant to Section 4.05(a) hereof) of such Class, in each case, determined
as of the Distribution Date immediately preceding such time, and the denominator of which is equal to the aggregate Certificate
Balance (and solely in connection with any vote for purposes of

 

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 determining whether to remove the Special Servicer pursuant to
Section 7.01(d), the Operating Advisor pursuant to Section 3.26(j) or the Asset Representations Reviewer
pursuant to Section 12.05, taking into account any notional reduction in the Certificate Balance for Appraisal Reduction
Amounts allocated to the Certificates pursuant to Section 4.05(a) hereof) of the Pooled Principal Balance Certificates
and the VRR Interest, each determined as of the Distribution Date immediately preceding such time. None of the Class R or
Class S Certificates shall be entitled to any Pooled Voting Rights.

 

“Pooled
VRR Available Funds”: With respect to any Distribution Date, an amount equal to the Pooled VRR Percentage of the Pooled
Aggregate Available Funds for such Distribution Date.

 

“Pooled
VRR Allocation Percentage”: A fraction, expressed as a percentage, equal to the Pooled VRR Percentage divided by the
Pooled Non-VRR Percentage.

 

“Pooled
VRR Gain-on-Sale Remittance Amount”: For each Distribution Date, the lesser of (i) the amount on deposit in the
Pooled VRR Gain-on-Sale Reserve Account on such Distribution Date, and (ii) the amount distributable from the Pooled VRR
Gain-on-Sale Reserve Account pursuant to Section 4.01(g).

 

“Pooled
VRR Gain-on-Sale Reserve Account”: A custodial account or accounts (or subaccount of the Distribution Account) created
and maintained by the Certificate Administrator, pursuant to Section 3.04(e) on behalf of the Trustee for the benefit of
the Holders of the VRR Interest, which shall be entitled “Wells Fargo Bank, National Association, as Certificate Administrator,
on behalf of Wells Fargo Bank, National Association, as Trustee, for the benefit of the Holders of the VRR Interest under the
Pooling and Servicing Agreement for the Benchmark 2019-B14 Mortgage Trust, Pooled VRR Gain-on-Sale Reserve Account”. Any
such account shall be an Eligible Account or a subaccount of an Eligible Account. Benchmark.

 

“Pooled
VRR Interest Distribution Amount”: With respect to the VRR Interest for any Distribution Date, an amount equal to the
product of (A) the Pooled VRR Allocation Percentage and (B) the aggregate amount of interest distributed to Pooled Non-VRR
Certificateholders pursuant to Section 4.01(a)(i), (iv), (vii), (x), (xiii), (xvi),
(xix), (xxii) and (xxv) on such Distribution Date.

 

“Pooled
VRR Percentage”: As of any date of determination, a fraction, expressed as a percentage, the numerator of which is the
aggregate Certificate Balance of the Class VRR Upper-Tier Regular Interest, and the denominator of which is the aggregate Certificate
Balance of all of the Classes of Principal Balance Certificates and the Certificate Balance of the Class VRR Upper-Tier Regular
Interest.

“Pooled VRR
Principal Distribution Amount”: With respect to the VRR Interest for any Distribution Date, an amount equal to the product
of (A) the Pooled VRR Allocation Percentage and (B) the aggregate amount of principal distributed to the Pooled Non-VRR
Certificateholders pursuant to Section 4.01(a)(ii), (v), (viii), (xi), (xiv), (xvii),
(xx), (xxiii) and (xxvi) on such Distribution Date.

 

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“Pooled
VRR Realized Loss”: With respect to any Distribution Date, the amount, if any, by which (i) the aggregate Certificate
Balance of the VRR Interest, after giving effect to distributions of principal on such Distribution Date, exceeds (ii) the
product of (a) the Pooled VRR Percentage and (b) the aggregate Stated Principal Balance (for purposes of this definition
only, not giving effect to any reductions of the Stated Principal Balance for payments of principal collected on the Mortgage
Loans that were used to reimburse any Workout-Delayed Reimbursement Amounts pursuant to Section 3.05(a)(v) to the extent
such Workout-Delayed Reimbursement Amounts are not otherwise determined to be Nonrecoverable Advances) of the Mortgage Loans and
any REO Loans (but in each case, excluding any portion allocable to any related Companion Loan, if applicable) as of the end of
the last day of the related Collection Period.

 

“Pooled
Weighted Average Net Mortgage Rate”: With respect to any Distribution Date, a per annum rate equal to the weighted
average of the Net Mortgage Rates in effect for each Mortgage Loan (including any Non-Serviced Mortgage Loan) and REO Loan (other
than the portion of an REO Loan related to any Companion Loan) as of their respective Due Dates in the month preceding the month
in which such Distribution Date occurs, weighted on the basis of their respective Stated Principal Balances immediately following
the Distribution Date (or, if applicable, the Closing Date) in such preceding month.

 

“Pre-close
Information”: As defined in Section 3.13(c).

 

“Preliminary
Dispute Resolution Election Notice”: As defined in Section 2.03(l)(i).

 

“Prepayment
Assumption”: A “constant prepayment rate” of 0% used for determining the accrual of original issue discount
and market discount, if any, and the amortization premium, if any, on the Certificates for federal income tax purposes; provided
that it is assumed that each Mortgage Loan with an Anticipated Repayment Date prepays on such date.

 

“Prepayment
Interest Excess”: For any Distribution Date and with respect to any Mortgage Loan or Serviced Whole Loan that was subject
to a Principal Prepayment (with such prepayment allocated between the related Mortgage Loan and Serviced Companion Loan in accordance
with the related Intercreditor Agreement) in full or in part during the related Collection Period, which Principal Prepayment
was applied to such Mortgage Loan or Serviced Whole Loan, as applicable, after the related Due Date and prior to the following
Determination Date, the amount of interest (net of the related Servicing Fees and any Excess Interest), to the extent collected
from the related Mortgagor (without regard to any Prepayment Premium or Yield Maintenance Charge actually collected), that would
have accrued at a rate per annum equal to the sum of (x) the related Net Mortgage Rate for such Mortgage Loan or Serviced
Whole Loan, as applicable, and (y) the Certificate Administrator Fee Rate, the Operating Advisor Fee Rate and the Asset Representations
Reviewer Fee Rate, on the amount of such

 

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 Principal Prepayment from such Due Date to, but not including, the date of such prepayment
(or any later date through which interest accrues).

 

“Prepayment
Interest Shortfall”: For any Distribution Date and with respect to any Mortgage Loan or Serviced Whole Loan that was
subject to a Principal Prepayment (with such prepayment allocated between the related Mortgage Loan and Serviced Companion Loan
in accordance with the related Intercreditor Agreement) in full or in part during the related Collection Period, which Principal
Prepayment was applied to such Mortgage Loan or Serviced Whole Loan, as applicable, after the related Determination Date (or,
with respect to each Mortgage Loan or Serviced Companion Loan, as applicable, with a Due Date occurring after the related Determination
Date, the related Due Date) and prior to the following Due Date, the amount of interest (net of the related Servicing Fees and
any Excess Interest), to the extent not collected from the related Mortgagor (without regard to any Prepayment Premium or Yield
Maintenance Charge actually collected), that would have accrued at a rate per annum equal to the sum of (x) the related
Net Mortgage Rate for such Mortgage Loan or Serviced Whole Loan, as applicable and (y) the Certificate Administrator Fee
Rate, the Operating Advisor Fee Rate and the Asset Representations Reviewer Fee Rate, on the amount of such Principal Prepayment
during the period commencing on the date as of which such Principal Prepayment was applied to such Mortgage Loan or Serviced Whole
Loan, as applicable, and ending on such following Due Date. With respect to any AB Whole Loan, any Prepayment Interest Shortfall
for any Distribution Date shall be allocated first to the related AB Subordinate Companion Loan (and with respect to the 225 Bush
Whole Loan, to the related Trust Subordinate Companion Loan, and correspondingly to the Loan-Specific Certificates) and then
to the related Mortgage Loan and any related Pari Passu Companion Loan.

 

“Prepayment
Premium”: With respect to any Mortgage Loan, any premium, fee or other additional amount (other than a Yield Maintenance
Charge) paid or payable, as the context requires, by a borrower in connection with a principal prepayment on, or other early collection
of principal of, that Mortgage Loan or any successor REO Loan with respect thereto (including any payoff of a Mortgage Loan by
a mezzanine lender on behalf of the subject borrower if and as set forth in the related intercreditor agreement).

 

“Primary
Collateral”: With respect to any Crossed Underlying Loan, that portion of the Mortgaged Property designated as directly
securing such Crossed Underlying Loan and excluding any Mortgaged Property as to which the related lien may only be foreclosed
upon by exercise of the cross-collateralization provisions of such Crossed Underlying Loan.

 

“Primary
Servicing Fee”: The monthly fee payable by the Master Servicer solely from the Servicing Fee to each Initial Sub-Servicer,
which monthly fee accrues at the rate per annum specified as such in the Sub-Servicing Agreement with such Initial Sub-Servicer.

 

“Prime
Rate”: The “Prime Rate” as published in the “Money Rates” section of the New York City edition
of The Wall Street Journal (or, if such section or publication is no longer available, such other comparable publication
as determined by the Certificate Administrator in its reasonable discretion) as may be in effect from time to time, or, if the
“Prime Rate” no longer exists, such other comparable rate (as determined by the Certificate Administrator in its reasonable
discretion) as may be in effect from time to time.

 

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“Principal
Balance Certificates”: Each of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB,
Class A-S, Class B, Class C, Class D, Class E, Class F-RR, Class G-RR, Class NR-RR, Class 225B-A,
Class 225B-B, Class 225B-C, Class 225B-D and Class 225B-E Certificates.

 

“Principal
Prepayment”: Any payment of principal made by the Mortgagor on a Mortgage Loan or Trust Subordinate Companion Loan that
is received in advance of its scheduled Due Date as a result of such prepayment.

 

“Privileged
Communications”: Any correspondence between the Directing Certificateholder and the Special Servicer referred to in
clause (i) of the definition of “Privileged Information”.

 

“Privileged
Information”: Any (i) correspondence between the Directing Certificateholder or a Risk Retention Consultation Party
and the Special Servicer related to any Specially Serviced Loan (other than with respect to any Excluded Loan) or the exercise
of the Directing Certificateholder’s consent or consultation rights or consultation rights of a Risk Retention Consultation
Party under this Agreement, (ii) strategically sensitive information (including, without limitation, information contained
within any Asset Status Report or Final Asset Status Report) that the Special Servicer has reasonably determined could compromise
the Trust’s position in any ongoing or future negotiations with the related Mortgagor or other interested party and that
is labeled or otherwise identified as Privileged Information by the Special Servicer and (iii) information subject to attorney-client
privilege. The Master Servicer, the Special Servicer, the Operating Advisor and the Asset Representations Reviewer shall be entitled
to rely on any identification of materials as “attorney-client privileged” without liability for any such reliance
hereunder.

 

“Privileged
Information Exception”: With respect to any Privileged Information, at any time (a) such Privileged Information becomes
generally available and known to the public other than as a result of a disclosure directly or indirectly by the party restricted
from disclosing such Privileged Information (the “Restricted Party”), (b) it is reasonable and necessary
for the Restricted Party to disclose such Privileged Information in working with legal counsel, auditors, arbitration parties,
taxing authorities or other governmental agencies, (c) such Privileged Information was already known to such Restricted Party
and not otherwise subject to a confidentiality obligation and/or (d) the Restricted Party is (in the case of the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator and the Trustee,
based on advice of legal counsel), required by law, rule, regulation, order, judgment or decree to disclose such information.

 

“Privileged
Person”: The Depositor and its designees, the Initial Purchasers, the Underwriters, the Mortgage Loan Sellers, the Loan-Specific
Initial Purchasers, the Master Servicer, the Special Servicer (including, for the avoidance of doubt, any Excluded Special Servicer),
the Trustee, the Certificate Administrator, any Additional Servicer designated by the Master Servicer or the Special Servicer,
the Operating Advisor, any Affiliate of the Operating Advisor designated by the Operating Advisor, the Asset Representations Reviewer,
any Companion Holder who provides an Investor Certification, any Person (including the Directing Certificateholder) who provides
the Certificate Administrator with an Investor Certification and

 

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 any NRSRO (including any Rating Agency) that provides the Certificate
Administrator with an NRSRO Certification, which Investor Certification and NRSRO Certification may be submitted electronically
via the Certificate Administrator’s Website; provided, however, that in no event may a Borrower Party (other
than a Borrower Party that is a Risk Retention Consultation Party or the Special Servicer) be entitled to receive (i) if
such party is the Directing Certificateholder or any Controlling Class Certificateholder or any 225 Bush Controlling Class Certificateholder,
any Excluded Information via the Certificate Administrator’s Website (unless a loan-by-loan segregation is later performed
by the Certificate Administrator in which case such access shall only be prohibited with respect to the related Excluded Controlling
Class Loan(s)), and (ii) if such party is not the Directing Certificateholder, Controlling Class Certificateholder or any
225 Bush Controlling Class Certificateholder, any information other than the Distribution Date Statement. In determining whether
any Person is an Additional Servicer or an Affiliate of the Operating Advisor, the Certificate Administrator may rely on a certification
by the Master Servicer, the Special Servicer, any Mortgage Loan Seller or the Operating Advisor, as the case may be.

 

Notwithstanding
anything to the contrary in this Agreement, if the Special Servicer obtains knowledge that it has become a Borrower Party, the
Special Servicer shall nevertheless be a Privileged Person; provided that the Special Servicer (i) shall not directly
or indirectly provide any information related to any Excluded Special Servicer Loan to (A) the related Borrower Party, (B) any
of the Special Servicer’s employees or personnel or any of its Affiliates involved in the management of any investment in
the related Borrower Party or the related Mortgaged Property or (C) to its actual knowledge, any non-Affiliate that holds
a direct or indirect ownership interest in the related Borrower Party, and (ii) shall maintain sufficient internal controls
and appropriate policies and procedures in place in order to comply with the obligations described in clause (i) above;
provided, further, that nothing in this Agreement shall be construed as an obligation of the Master Servicer or
the Certificate Administrator to restrict the Special Servicer’s access to any information on the Master Servicer’s
Internet website or the Certificate Administrator’s Website and in no case shall the Master Servicer or the Certificate
Administrator be held liable if the Special Servicer accesses any Excluded Special Servicer Information relating to the Excluded
Special Servicer Loans; and provided, further, that any Excluded Controlling Class Holder shall be permitted to
reasonably request and obtain in accordance with Section 4.02(f) of this Agreement any Excluded Information relating
to any Excluded Controlling Class Loan with respect to which such Excluded Controlling Class Holder is not a Borrower Party (if
such Excluded Information is not otherwise available to such Excluded Controlling Class Holder via the Certificate Administrator’s
Website on account of it constituting Excluded Information) from the Master Servicer or the Special Servicer, as the case may
be. Notwithstanding any provision to the contrary herein, neither the Master Servicer nor the Certificate Administrator shall
have any obligation to restrict access by the Special Servicer or any Excluded Special Servicer to any information related to
any Excluded Special Servicer Loan.

 

“Prohibited
Party”: Any proposed Servicing Function Participant that is listed on the Depositor’s Do Not Hire List.

 

“Prohibited
Prepayment”: As defined in the definition of Compensating Interest Payments.

 

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“Proposed
Course of Action”: As defined in Section 2.03(l)(i).

 

“Proposed
Course of Action Notice”: As defined in Section 2.03(l)(i).

 

“Prospectus”:
The Prospectus, dated November 6, 2019.

 

“PSA
Party Repurchase Request”: As defined in Section 2.03(k)(ii).

 

“PTCE”:
Prohibited Transaction Class Exemption.

 

“Purchase
Price”: With respect to any Mortgage Loan or Trust Subordinate Companion Loan (or any related REO Loan) (including,
to the extent required pursuant to the final paragraph of this definition, any related Companion Loan) to be purchased pursuant
to (A) Section 6 of the related Mortgage Loan Purchase Agreement by the related Mortgage Loan Seller, (B) Section 3.16,
or (C) Section 9.01, a price, without duplication, equal to:

 

(i)        the outstanding principal balance of such Mortgage Loan or the Trust Subordinate Companion Loan (or any related REO Loan (including
for such purpose, to the extent required pursuant to the final paragraph of this definition, the related Companion Loan(s))) as
of the date of purchase; plus

 

(ii)       all accrued and unpaid interest on the Mortgage Loan or the Trust Subordinate Companion Loan (or any related REO Loan (including
for such purpose, to the extent required pursuant to the final paragraph hereof, the related Companion Loan(s))), at the related
Mortgage Rate in effect from time to time (excluding any portion of such interest that represents Default Interest or Excess Interest
on an ARD Loan), to, but not including, the Due Date immediately preceding or coinciding with the Determination Date for the Collection
Period of purchase; plus

 

(iii)      all related unreimbursed Servicing Advances plus accrued and unpaid interest on all related Advances at the Reimbursement Rate,
Special Servicing Fees (whether paid or unpaid) and any other additional Trust Fund expenses (except for Liquidation Fees) in
respect of such Mortgage Loan or Trust Subordinate Companion Loan (or related REO Loan (including for such purpose, to the extent
required pursuant to the final paragraph of this definition, the related Companion Loan(s))); plus

 

(iv)      if such Mortgage Loan or Trust Subordinate Companion Loan (or related REO Loan) is being repurchased or substituted by the related
Mortgage Loan Seller, pursuant to Section 6 of the applicable Mortgage Loan Purchase Agreement, all reasonable out-of-pocket
expenses reasonably incurred or to be incurred by the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator,
the Asset Representations Reviewer or the Trustee in respect of the omission, breach or defect giving rise to the repurchase or
substitution obligation, including any Asset Representations Reviewer Asset Review Fee to the extent not previously paid by the
related Mortgage Loan Seller and any expenses arising out of the enforcement of the repurchase or substitution

 

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 obligation, including,
without limitation, legal fees and expenses and any additional Trust Fund expenses relating to such Mortgage Loan or Trust Subordinate
Companion Loan (or related REO Loan); provided, however, that such out-of-pocket expenses shall not include expenses
incurred by Certificateholders or Certificate Owners in instituting an Asset Review Vote Election, in taking part in an Asset
Review vote or in exercising such Certificateholder’s or Certificate Owner’s, as applicable, rights under the dispute
resolution mechanics pursuant to Section 2.03(k) hereof; plus

 

(v)       Liquidation Fees, if any, payable with respect to such Mortgage Loan (or related REO Loan (including for such purpose, to the
extent required pursuant to the final paragraph hereof, the related Companion Loan(s))) (which will not include any Liquidation
Fees if such repurchase occurs prior to the expiration of the Extended Cure Period).

 

Solely
with respect to any Serviced Whole Loan to be sold pursuant to Section 3.16(a)(iii), “Purchase Price”
shall mean the amount calculated in accordance with the preceding sentence in respect of the related Whole Loan, including, for
such purposes, the Mortgage Loan and the related Companion Loan(s), as applicable. With respect to any REO Property to be sold
pursuant to Section 3.16(b), “Purchase Price” shall mean the amount calculated in accordance with
the preceding sentence in respect of the related REO Loan (including any related Companion Loan). With respect to any sale pursuant
to Section 3.16(a)(ii) or Section 3.16(e) or for purposes of calculating any Gain-on-Sale Proceeds, the
“Purchase Price” shall be allocated between the related Mortgage Loan and Companion Loan(s), as applicable, in accordance
with, and shall be equal to the amount provided pursuant to, the provisions of the related Intercreditor Agreement. Notwithstanding the foregoing, with respect to any repurchase pursuant to subclause (A) and
subclause (C) hereof, the “Purchase Price” shall not include any amounts payable in respect of any related
Companion Loan.

 

“Qualified
Institutional Buyer”: A “qualified institutional buyer” as defined in Rule 144A under the Act.

 

“Qualified
Insurer”: (i) With respect to any Mortgage Loan, Trust Subordinate Companion Loan, REO Loan or REO Property, an
insurance company or security or bonding company qualified to write the related Insurance Policy in the relevant jurisdiction
with an insurance financial strength rating of at least: (a) “A-” by S&P (or, if not rated by S&P, an equivalent
rating by (A) at least two NRSROs (which may include Fitch and/or KBRA) or (B) one NRSRO (which may include Fitch or KBRA)
and A.M. Best Company, Inc.) or (b) “A” by Fitch (or, if not rated by Fitch, at least “A-” or
an equivalent rating as “A-” by one other nationally recognized insurance rating organization (which may include S&P
or KBRA)) and (ii) with respect to the fidelity bond and errors and omissions insurance policy required to be maintained
pursuant to Section 3.07(c), except as otherwise permitted by Section 3.07(c), an insurance company that
has a claims paying ability (or the obligations which are guaranteed or

 

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 backed by a company having such claims paying ability)
with at least one of the following ratings: (a) “A3” by Moody’s, (b) “A-” by S&P,
(c) “A-” by Fitch, (d) “A-:X” by A.M. Best Company, Inc. or (e) “A(low)” by
DBRS, or, in the case of clauses (i) or (ii), any other insurer acceptable to the Rating Agencies, as evidenced
by a Rating Agency Confirmation.

 

“Qualified
Mortgage”: A “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code, but without
regard to the rule of Treasury Regulations Section 1.860G-2(f)(2) that causes a defective obligation to be treated as a qualified
mortgage.

 

“Qualified
Replacement Special Servicer”: A replacement special servicer that (i) satisfies all of the eligibility requirements
applicable to special servicers contained in this Agreement, (ii) is not the Operating Advisor, the Asset Representations
Reviewer or an Affiliate of the Operating Advisor or the Asset Representations Reviewer (and, if appointed by the Directing Certificateholder
or with the approval of the requisite vote of certificateholders following the Operating Advisor’s recommendation to replace
the Special Servicer pursuant to Section 7.01(d), is not the originally replaced special servicer or its affiliate), (iii) is
not obligated to pay the Operating Advisor (x) any fees or otherwise compensate the Operating Advisor in respect of its obligations
under this Agreement, and (y) for the appointment of the successor special servicer or the recommendation by the Operating
Advisor for the replacement Special Servicer to become the Special Servicer, (iv) is not entitled to receive any compensation
from the Operating Advisor other than compensation that is not material and is unrelated to the Operating Advisor’s recommendation
that such party be appointed as the replacement special servicer, (v) is not entitled to receive any fee from the Operating
Advisor for its appointment as successor special servicer, in each case, unless such fee is expressly approved by 100% of the
Certificateholders, (vi)  currently has a special servicer rating of at least “CSS3” from Fitch, and (vii)
is not a special servicer that has been cited by KBRA as having servicing concerns as the sole or material factor in any qualification,
downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or
withdrawal) of securities in a transaction serviced by the applicable servicer prior to the time of determination and (viii) is
included on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special Servicer.

 

“Qualified
Substitute Mortgage Loan”: A substitute mortgage loan (other than with respect to the Whole Loans, for which no substitution
will be permitted) replacing a removed Mortgage Loan that must, on the date of substitution: (i) have an outstanding principal
balance, after application of all scheduled payments of principal and interest due during or prior to the month of substitution,
whether or not received, not in excess of the Stated Principal Balance of the removed Mortgage Loan as of the Due Date in the
calendar month during which the substitution occurs; (ii) have a Mortgage Rate not less than the Mortgage Rate of the removed
Mortgage Loan (determined without regard to any prior modification, waiver or amendment of the terms of the removed Mortgage Loan);
(iii) have the same Due Date as and Grace Period no longer than that of the removed Mortgage Loan; (iv) accrue interest
on the same basis as the removed Mortgage Loan (for example, on the basis of a 360 day year consisting of twelve 30-day months);
(v) have a remaining term to stated maturity not greater than, and not more than two (2) years less than, the remaining
term to stated maturity of the removed Mortgage Loan; (vi) have a then-current loan-to-value ratio equal to or less than
the lesser of the loan-to-value ratio for the removed Mortgage Loan as of the Closing Date and 75%, in each case using the “value”
for the Mortgaged Property as determined using an Appraisal; (vii) comply as

 

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 of the date of substitution in all material
respects with all of the representations and warranties set forth in the applicable Mortgage Loan Purchase Agreement; (viii) have
an environmental report that indicates no material adverse environmental conditions with respect to the related Mortgaged Property
and which will be delivered as a part of the related Mortgage File; (ix) have a then-current debt service coverage ratio
at least equal to the greater of the original debt service coverage ratio of the removed Mortgage Loan as of the Closing Date
and 1.25x; (x) constitute a “qualified replacement mortgage” within the meaning of Section 860G(a)(4) of
the Code as evidenced by an Opinion of Counsel (provided at the applicable Mortgage Loan Seller’s expense); (xi) not
have a maturity date or an amortization period that extends to a date that is after the date two (2) years prior to the Rated
Final Distribution Date; (xii) have comparable prepayment restrictions to those of the removed Mortgage Loan; (xiii) not
be substituted for a removed Mortgage Loan unless the Trustee and the Certificate Administrator have received Rating Agency Confirmation
from each Rating Agency (the cost, if any, of obtaining such Rating Agency Confirmation to be paid by the applicable Mortgage
Loan Seller); (xiv) have been approved, so long as a Control Termination Event has not occurred and is not continuing and
the affected Mortgage Loan is not an Excluded Loan, by the Directing Certificateholder; (xv) prohibit defeasance within two (2)
years of the Closing Date; (xvi) not be substituted for a removed Mortgage Loan if it would result in an Adverse REMIC Event
or the imposition of tax other than a tax on income expressly permitted or contemplated to be imposed by the terms of this Agreement,
as determined by an Opinion of Counsel; (xvii) have an engineering report that indicates no material adverse property condition
or deferred maintenance with respect to the related Mortgaged Property that will be delivered as a part of the related Servicing
File; and (xviii) be current in the payment of all scheduled payments of principal and interest then due. In the event that
more than one mortgage loan is substituted for a removed Mortgage Loan, then the amounts described in clause (i) shall
be determined on the basis of aggregate Stated Principal Balances and each such proposed Qualified Substitute Mortgage Loan shall
individually satisfy each of the requirements specified in clauses (ii) through (xviii); provided that
the rates described in clause (ii) above and the remaining term to stated maturity referred to in clause (v)
above shall be determined on a weighted average basis; provided, further, that no individual Mortgage Rate (net
of the Servicing Fee Rate, the Certificate Administrator Fee Rate, the Operating Advisor Fee Rate, the Asset Representations Reviewer
Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate and, in the case of a Non-Serviced Mortgage
Loan, the related Non-Serviced Primary Servicing Fee Rate) shall be lower than the highest fixed Pass-Through Rate (and not based
on, or subject to a cap equal to, the Pooled Weighted Average Net Mortgage Rate) of any Class of Pooled Principal Balance Certificates
having a Certificate Balance then outstanding. When a Qualified Substitute Mortgage Loan is substituted for a removed Mortgage
Loan, the applicable Mortgage Loan Seller shall certify that the Qualified Substitute Mortgage Loan meets all of the requirements
of the above definition and shall send such certification to the Trustee, the Certificate Administrator and, prior to the occurrence
of a Consultation Termination Event, the Directing Certificateholder.

 

“Quorum”:
The Holders of Certificates evidencing at least 50% of the aggregate Voting Rights (taking into account the application of Realized
Losses and the application of any Appraisal Reduction Amounts to notionally reduce the Certificate Balance of the Certificates)
of all Principal Balance Certificates, the VRR Interest and the 225B-VRR Interest on an aggregate basis.

 

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“RAC
No-Response Scenario”: As defined in Section 3.25(a).

 

“RAC
Requesting Party”: As defined in Section 3.25(a).

 

“Rated
Final Distribution Date”: (a) As to each Class of Certificates, the Distribution Date in December 2062 and (b) as to
the Loan-Specific Certificates, the Distribution Date in November 2034.

 

“Rating
Agency”: Each of S&P, Fitch and KBRA their successors in interest. If no such rating agency nor any successor thereof
remains in existence, “Rating Agency” shall be deemed to refer to such nationally recognized statistical rating agency
or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee,
the Certificate Administrator, the Special Servicer and the Master Servicer, and specific ratings of S&P, Fitch and KBRA herein
referenced shall be deemed to refer to the equivalent ratings of the party so designated.

 

“Rating
Agency Confirmation”: With respect to any matter, confirmation in writing (which may be in electronic form) by each
applicable Rating Agency that a proposed action, failure to act or other event so specified will not, in and of itself, result
in the downgrade, withdrawal or qualification of the then-current rating assigned to any Class of Certificates (if then rated
by the Rating Agency); provided that a written waiver or other acknowledgment from the Rating Agency indicating its decision
not to review the matter for which the Rating Agency Confirmation is sought shall be deemed to satisfy the requirement for the
Rating Agency Confirmation from such Rating Agency with respect to such matter.

 

“Rating
Agency Inquiry”: As defined in Section 4.07(c).

 

“Rating
Agency Q&A Forum and Document Request Tool”: As defined in Section 4.07(c).

 

“Realized
Loss”: The Pooled VRR Realized Loss, the Pooled Non-VRR Realized Loss, the 225 Bush VRR Realized Loss and the 225 Bush
Non-VRR Realized Loss, as applicable.

 

“Record
Date”: With respect to any Distribution Date, the last Business Day of the month immediately preceding the month in
which such Distribution Date occurs.

 

“Refinancing/P&S
Document”: Any of (i) a fully executed term sheet or refinancing commitment with respect to a refinancing of a Mortgage
Loan or (ii) a signed purchase and sale agreement with respect to a sale of a Mortgaged Property (in each case subject only to
typical due diligence and closing conditions and, in the case of a purchase and sale agreement, if such agreement includes delivery
of an acceptable deposit by the purchaser) in a manner consistent with CMBS market practices.

 

“Regular
Certificates”: Any of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB,
Class X-A, Class X-B, Class A-S, Class B, Class C, Class D, Class X-D, Class E, Class F-RR
Class G-RR, Class NR-RR, Class 225B-A, Class 225B-B, Class 225B-C, Class 225B-D and Class 225B-E Certificates.

 

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“Regulation AB”:
Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§ 229.1100-229.1125, as such
may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission
or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.

 

“Regulation
AB Companion Loan Securitization”: As defined in Section 11.15(a).

 

“Regulation AB
Servicing Officer”: Any officer or employee of the Master Servicer or the Special Servicer, as applicable, involved
in, or responsible for, the administration and servicing of the Mortgage Loans or Companion Loans, or this Agreement and also,
with respect to a particular matter, any other officer to whom such matter is referred because of such officer’s or employee’s
knowledge of and familiarity with the particular subject, and, in the case of any certification required to be signed by a Servicing
Officer, such an officer or employee whose name and specimen signature appears on a list of servicing officers furnished to the
Trustee and/or the Certificate Administrator by the Master Servicer or the Special Servicer, as applicable, as such list may from
time to time be amended.

 

“Regulation D”:
Regulation D under the Act.

 

“Regulation S”:
Regulation S under the Act.

 

“Regulation S
Book-Entry Certificates”: The Non-Registered Certificates sold to institutions that are non-United States Securities
Persons in Offshore Transactions in reliance on Regulation S and represented by one or more Book Entry Certificates deposited
with the Certificate Administrator as custodian for the Depository.

 

“Reimbursement
Rate”: The rate per annum applicable to the accrual of interest on Servicing Advances in accordance with Section 3.03(d)
and P&I Advances in accordance with Section 4.03(d), which rate per annum shall equal the Prime Rate.,
compounded annually

 

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“Related
Certificates” and “Related Lower-Tier Regular Interests” and “Related Trust Subordinate
Companion Loan REMIC Regular Interest”: For each of the following Classes of Certificates, the related Class of Lower-Tier
Regular Interests or Trust Subordinate Companion Loan REMIC Regular Interest, as applicable; and for each of the following Classes
of Lower-Tier Regular Interests or Trust Subordinate Companion Loan REMIC Regular Interests, the related Class of Certificates
set forth below:

 

	Related
        Certificates

	Related

        Lower-Tier Regular Interest

	Class A-1
    Certificates 	Class LA1
    Uncertificated Interest
	Class A-2
    Certificates 	Class LA2
    Uncertificated Interest
	Class A-3
    Certificates 	Class LA3
    Uncertificated Interest
	Class A-4
    Certificates 	Class LA4
    Uncertificated Interest
	Class A-5
    Certificates 	Class LA5
    Uncertificated Interest
	Class A-SB
    Certificates 	Class LASB
    Uncertificated Interest
	Class A-S
    Certificates 	Class LAS
    Uncertificated Interest
	Class B
    Certificates 	Class LB
    Uncertificated Interest
	Class C
    Certificates 	Class LC
    Uncertificated Interest
	Class D
    Certificates 	Class LD
    Uncertificated Interest
	Class E
    Certificates 	Class LE
    Uncertificated Interest
	Class F-RR
    Certificates 	Class LFR
    Uncertificated Interest
	Class G-RR
    Certificates 	Class LGR
    Uncertificated Interest
	Class NR-RR
    Certificates 	Class LNR
    Uncertificated Interest
	Class 225B-A
    Certificates 	Class 225BA
    Uncertificated Interest
	Class 225B-B
    Certificates 	Class 225BB
    Uncertificated Interest
	Class 225B-C
    Certificates 	Class 225BC
    Uncertificated Interest
	Class 225B-D
    Certificates 	Class 225BD
    Uncertificated Interest
	Class 225B-E
    Certificates 	Class 225BE
    Uncertificated Interest
	225B-VRR
    Interest 	Class
    225BVRR Uncertificated Interest

 

“Relevant
Distribution Date”: With respect to (a) any Significant Obligor with respect to the Trust, the Distribution Date, and
(b) any “significant obligor” (within the meaning of Item 1101(k) of Regulation AB) with respect to an Other
Securitization holding a Serviced Companion Loan, the “Distribution Date” (or analogous concept) under the related
Other Pooling and Servicing Agreement.

 

“Relevant
Servicing Criteria”: The Servicing Criteria applicable to a specific party, as set forth on Exhibit AA attached
hereto. For clarification purposes, multiple parties can have responsibility for the same Relevant Servicing Criteria. With respect
to a Servicing Function Participant engaged by the Trustee, the Certificate Administrator, the Master Servicer or the Special
Servicer, the term “Relevant Servicing Criteria” may refer to a portion of the Relevant Servicing Criteria applicable
to the Master Servicer, the Special Servicer, the Trustee and/or the Certificate Administrator.

 

“REMIC”:
A “real estate mortgage investment conduit” as defined in Section 860D of the Code (or any successor thereto).

 

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“REMIC
Administrator”: The Certificate Administrator or any REMIC administrator appointed pursuant to Section 10.04.

 

“REMIC
Provisions”: Provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear
at Sections 860A through 860G of subchapter M of chapter 1 of the Code, and related provisions, and temporary and
final Treasury Regulations (or proposed regulations that would apply by reason of their proposed effective date to the extent
not inconsistent with temporary or final regulations) and any rulings or announcements promulgated thereunder, as the foregoing
may be in effect from time to time.

 

“Rents
from Real Property”: With respect to any REO Property, gross income of the character described in Section 856(d)
of the Code.

 

“REO
Account”: A segregated custodial account or accounts created and maintained by the Special Servicer pursuant to Section 3.14(b)
on behalf of the Trustee for the benefit of the Certificateholders and with respect to any Serviced Whole Loan, for the benefit
of the related Serviced Companion Noteholder, which shall initially be entitled “Midland Loan Services, a Division of PNC
Bank, National Association, or the applicable successor special servicer, as Special Servicer, on behalf of Wells Fargo Bank,
National Association, as Trustee, for the benefit of registered holders of Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage
Pass-Through Certificates, Series 2019-B14, REO Account”. Any such account or accounts shall be an Eligible Account.

 

“REO
Acquisition”: The acquisition for federal income tax purposes of any REO Property pursuant to Section 3.09.

 

“REO
Disposition”: The sale or other disposition of the REO Property pursuant to Section 3.16.

 

“REO
Extension”: As defined in Section 3.14(a).

 

“REO
Loan”: Each of the Mortgage Loans (and, with respect to any Serviced Whole Loan, the related Companion Loan(s), as applicable),
deemed for purposes hereof to be outstanding with respect to each REO Property. Each REO Loan shall be deemed to be outstanding
for so long as the applicable portion of the related REO Property (or beneficial interest therein, in the case of a Non-Serviced
Mortgage Loan) remains part of the Trust Fund and provides for Pooled Assumed Scheduled Payments or 225 Bush Assumed Scheduled
Payments on each Due Date therefor, and otherwise has the same terms and conditions as its predecessor Mortgage Loan or Companion
Loan, if applicable, including, without limitation, with respect to the calculation of the Mortgage Rate in effect from time to
time (such terms and conditions to be applied without regard to the default on such predecessor Mortgage Loan or Companion Loan,
if applicable). Each REO Loan shall be deemed to have an initial outstanding principal balance and Stated Principal Balance equal
to the outstanding principal balance and Stated Principal Balance, respectively, of its predecessor Mortgage Loan or Companion
Loan, if applicable, as of the date of the related REO Acquisition. All amounts due and owing in respect of the predecessor Mortgage
Loan or Companion Loan, if applicable, as of the date of the related REO Acquisition, including, without limitation, accrued and
unpaid interest, shall continue to be

 

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 due and owing in respect of a REO Loan. All amounts payable or reimbursable to the Master
Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator or the
Trustee, as applicable, in respect of the predecessor Mortgage Loan or Companion Loan, if applicable, as of the date of the related
REO Acquisition, including, without limitation, any unpaid Special Servicing Fees and Servicing Fees, additional Trust Fund expenses
and any unreimbursed Advances, together with any interest accrued and payable to the Master Servicer or the Trustee, as applicable,
in respect of such Advances in accordance with Section 3.03(d) or Section 4.03(d), shall continue to be
payable or reimbursable to the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator or the Trustee, as applicable, in respect of an REO Loan. In addition, Unliquidated Advances and
Nonrecoverable Advances with respect to such REO Loan, in each case, that were paid from collections on the related Mortgage Loans
and resulted in principal distributed to the Certificateholders being reduced as a result of the first proviso in the definition
of “Pooled Aggregate Principal Distribution Amount” shall be deemed outstanding until recovered. Notwithstanding anything
to the contrary, with respect to each Serviced Whole Loan (other than with respect to the 225 Bush Whole Loan, the Trust Subordinate
Companion Loan), no amounts relating to the related REO Property or REO Loan allocable to the related Serviced Pari Passu Companion
Loan(s) will be available for amounts due to the Certificateholders or to reimburse the Trust, other than in the limited circumstances
related to Servicing Advances, indemnification payments, Special Servicing Fees and other reimbursable expenses related to such
Serviced Whole Loan incurred with respect to such Serviced Whole Loan, in accordance with Section 3.05(a) or with
respect to the Serviced AB Subordinate Companion Loan (other than the Trust Subordinate Companion Loan), as set forth in the related
Intercreditor Agreement.

 

“REO
Property”: A Mortgaged Property acquired by the Special Servicer on behalf of, and in the name of, the Trustee or a
nominee thereof for the benefit of the Certificateholders (and the related Companion Holder, subject to the related Intercreditor
Agreement, with respect to a Mortgaged Property securing a Serviced Whole Loan) to the extent set forth herein and the Trustee
(as holder of the Lower-Tier Regular Interests) (and also including, if applicable, the Trust’s beneficial interest in a
Non-Serviced Mortgaged Property acquired by the applicable Non-Serviced Special Servicer on behalf of, and in the name of, the
applicable Non-Serviced Trustee or a nominee thereof for the benefit of the certificateholders under the applicable Non-Serviced
Trust) through foreclosure, acceptance of a deed in lieu of foreclosure or otherwise in accordance with applicable law in connection
with the default or imminent default of a Mortgage Loan or Trust Subordinate Companion Loan. References herein to the Special
Servicer acquiring, maintaining, managing, inspecting, insuring, selling or reporting or to Appraisal Reduction Amounts and Final
Recovery Determinations with respect to an “REO Property”, shall not include the Trust’s beneficial interest
in a Non-Serviced Mortgaged Property. For the avoidance of doubt, REO Property, to the extent allocable to a Companion Loan, shall
not be an asset of the Trust Fund, any Trust REMIC or the Grantor Trust.

 

“REO
Revenues”: All income, rents and profits derived from the ownership, operation or leasing of any REO Property.

 

“Reportable
Event”: As defined in Section 11.07.

 

“Reporting
Requirements”: As defined in Section 11.12.

 

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“Reporting
Servicer”: The Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor,
the Custodian or any Servicing Function Participant engaged by such parties, as the case may be.

 

“Repurchase
Request”: As defined in Section 2.03(k)(ii).

 

“Repurchase
Request Recipient”: As defined in Section 2.02(g).

 

“Request
for Release”: A release signed by a Servicing Officer of the Master Servicer or the Special Servicer, as applicable,
in the form of Exhibit E attached hereto.

 

“Requesting
Certificateholder”: As defined in Section 2.03(l)(iii).

 

“Requesting
Holders”: As defined in Section 4.05(b).

 

“Residual
Ownership Interest”: Any record or beneficial interest in the Class R Certificates.

 

“Resolution
Failure”: As defined in Section 2.03(k)(iii).

 

“Resolved”:
With respect to a Repurchase Request, (i) that the related Material Defect has been cured, (ii) the related Mortgage
Loan has been repurchased in accordance with the related Mortgage Loan Purchase Agreement, (iii) a mortgage loan has been
substituted for the related Mortgage Loan in accordance with the related Mortgage Loan Purchase Agreement, (iv) the applicable
Mortgage Loan Seller has made the Loss of Value Payment, (v) a contractually binding agreement entered into between the Enforcing
Servicer, on behalf of the Trust, and the related Mortgage Loan Seller that settles the related Mortgage Loan Seller’s obligations
under the related Mortgage Loan Purchase Agreement, or (vi) the related Mortgage Loan is no longer property of the Trust
as a result of a sale or other disposition in accordance with this Agreement.

 

“Responsible
Officer”: When used with respect to (i) the Trustee, any officer of the Corporate Trust Services group of the Trustee
with direct responsibility for the administration of this Agreement and, with respect to a particular matter, any other officer
to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject and (ii) the
Certificate Administrator, any officer assigned to the Corporate Trust Services group with direct responsibility for the administration
of this Agreement and, with respect to a particular matter, any other officer to whom a particular matter is referred by the Certificate
Administrator because of such officer’s knowledge of and familiarity with the particular subject.

 

“Restricted
Period”: The 40-day period prescribed by Regulation S commencing on the later of (a) the date upon which Certificates
are first offered to Persons other than the

 

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 Initial Purchasers, the Loan-Specific Initial Purchasers or Underwriters and any other
distributor (as such term is defined in Regulation S) of the Certificates and (b) the Closing Date.

 

“Retained
Certificates”: The HRR Certificates, the Class VRR Interest and/or the Class 225B-VRR Certificates, as the context requires.

 

“Retained
Defeasance Rights and Obligations”: Any of the rights and obligations of the Mortgage Loan Sellers defined in Section 3.18(g).

 

“Retained
Fee Rate”: An amount equal to 0.00125% per annum with respect to each Mortgage Loan.

 

“Retained
Interest Safekeeping Account”: An account maintained by the Certificate Administrator, which account shall be deemed
to be owned by the Holder(s) of the Retained Certificates in proportions equal to their respective Percentage Interests.

 

“Retaining
Party”: With respect to (a) the securitization of the Mortgage Loans effected by this Agreement, each of DBNY, JPMCB
and CREFI, each as an initial Holder of a portion of the VRR Interest, or any successor Holder of the VRR Interest, and the Third
Party Purchaser, as holder of the HRR Certificates, and (b) the securitization of the Trust Subordinate Companion Loan effected
by this Agreement, DBNY as the initial Holder of the Class 225B-VRR Certificates, or any successor Holder of the Class 225B-VRR
Certificates.

 

“Retaining
Sponsor”: (i) with respect to the VRR Interest and the HRR Certificates, GACC and (ii) with respect to the 225B-VRR
Interest, GAAC.

 

“Review
Materials”: As defined in Section 12.01(b).

 

“Review
Package”: A Rating Agency Confirmation request and any supporting documentation delivered therewith.

 

“Revised
Rate”: With respect to any ARD Loan, the increased interest rate after the related Anticipated Repayment Date (in the
absence of a default) for each applicable Mortgage Loan, as calculated and as set forth in the related Mortgage Loan.

 

“Risk
Retention Affiliate” or “Risk Retention Affiliated”: As “affiliate” or “affiliated”
are defined in Section 43.2 of the Risk Retention Rule.

 

“Risk
Retention Consultation Party”: Each of the Pooled Risk Retention Consultation Party and the 225 Bush Risk Retention
Consultation Party, as applicable.

 

“Risk
Retention Rule”: The final rule that was promulgated to implement the credit risk retention requirements (which such
joint final rule has been codified, inter alia, at 12 C.F.R. § 43), under Section 15G of the Securities Exchange Act of 1934,
as added by Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (79 F.R. 77601; pages 77740-77766), as
such rule may be amended from time to time, and subject to such clarification and interpretation as have been provided by the
Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance
Corporation,

 

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 the Federal Housing Finance Agency, the Securities and Exchange Commission and the Department of Housing and Urban
Development in the adopting release (79 F.R. 77601 et seq.) or by the staff of any such agency, or as may be provided by
any such agency or its staff from time to time, in each case, as effective from time to time.

 

“Rule 144A”:
Rule 144A under the Act.

 

“Rule 144A
Book-Entry Certificate”: With respect to the Non-Registered Certificates offered and sold in reliance on Rule 144A,
a single, permanent Book-Entry Certificate, in definitive, fully registered form without interest coupons.

 

“Rules”:
As defined in Section 2.03(n)(iv).

 

“S&P”:
S&P Global Ratings, a Standard & Poor’s Financial Services LLC business, and its successors in interest. If neither
S&P nor any successor remains in existence, “S&P” shall be deemed to refer to such other nationally recognized
statistical rating agency or other comparable Person reasonably designated by the Depositor, notice of which designation shall
be given to the Trustee, the Certificate Administrator, the Master Servicer, the Directing Certificateholder and the Special Servicer
and specific ratings of S&P herein referenced shall be deemed to refer to the equivalent ratings of the party so designated.

 

“Sarbanes-Oxley
Act”: The Sarbanes-Oxley Act of 2002 and the rules and regulations of the Commission promulgated thereunder (including
any interpretations thereof by the Commission’s staff).

 

“Sarbanes-Oxley
Certification”: As defined in Section 11.05(a)(iv).

 

“Schedule
AL Additional File”: The data file containing additional information or schedules regarding data points in the CREFC®
Schedule AL File in accordance with Item 1111(h)(4) of Regulation AB and Item 601(b)(103) of Regulation S-K under the Securities
Act.

 

“Secure
Data Room”: The “Secure Data Room” tab on the page relating to this transaction within the Certificate Administrator’s
Website (initially “www.ctslink.com”).

 

“Securities
Act”: The Securities Act of 1933, as it may be amended from time to time.

 

“Security
Agreement”: With respect to any Mortgage Loan, any security agreement or equivalent instrument, whether contained in
the related Mortgage or executed separately, creating in favor of the holder of such Mortgage a security interest in the personal
property constituting security for repayment of such Mortgage Loan.

 

“Service(s)”
or “Servicing”:  In accordance with Regulation AB, the act of servicing and administering the Mortgage
Loans, the Trust Subordinate Companion Loan or any other assets of the Trust by an entity (other than the Certificate Administrator
and the Trustee) that meets the definition of “servicer” set forth in Item 1101 of Regulation AB and is
subject to the disclosure requirements set forth in Item 1108 of Regulation AB.  For clarification purposes, 

 

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any
uncapitalized occurrence of this term shall have the meaning commonly understood by participants in the commercial mortgage-backed
securities market.

 

“Serviced
AB Subordinate Companion Loan”: Any AB Subordinate Companion Loan related to a Serviced AB Whole Loan.

 

“Serviced
AB Whole Loan”: Any AB Whole Loan serviced pursuant to this Agreement. Each of the 225 Bush Whole Loan and The Essex
Whole Loan is a Serviced AB Whole Loan related to the Trust.

 

“Serviced
Companion Loan”: A Companion Loan that is part of a Serviced Whole Loan.

 

“Serviced
Companion Loan Securities”: Any class of securities backed, wholly or partially, by any Serviced Pari Passu Companion
Loan or Serviced AB Companion Loan.

 

“Serviced
Companion Noteholder”: A holder of a (i) Serviced Pari Passu Companion Loan or (ii) Serviced AB Subordinate
Companion Loan, as applicable.

 

“Serviced
Mortgage Loan”: Each of (i) the Mortgage Loans identified as “Serviced” under the column entitled “Type”
in the “Whole Loan” chart in the Preliminary Statement, (ii) prior to the related Servicing Shift Securitization Date,
each of the Mortgage Loans identified as “Servicing Shift” under the column entitled “Type” in the “Whole
Loan” chart in the Preliminary Statement; and (iii) any AB Mortgage Loan related to a Serviced AB Whole Loan, as applicable.

 

“Serviced
Pari Passu Companion Loan”: A Pari Passu Companion Loan that is part of a Serviced Whole Loan or part of a Servicing
Shift Whole Loan prior to the related Servicing Shift Securitization Date.

 

“Serviced
Pari Passu Mortgage Loan”: Each of the Mortgage Loans identified as “Serviced” under the column entitled
“Type” in the “Whole Loan” chart in the Preliminary Statement that has at least one Serviced Pari Passu
Companion Loan and, prior to the related Servicing Shift Securitization Date, each of the Mortgage Loans identified as “Servicing
Shift” under the column entitled “Type” in the “Whole Loan” chart in the Preliminary Statement.

 

“Serviced
Pari Passu Whole Loan”: Each of the Whole Loans identified as “Serviced” under the column entitled “Type”
in the “Whole Loan” chart in the Preliminary Statement that has at least one Serviced Pari Passu Companion Loan and,
prior to the related Servicing Shift Securitization Date, each of the Whole Loans identified as “Servicing Shift”
under the column entitled “Type” in the “Whole Loan” chart in the Preliminary Statement.

 

“Serviced
REO Loan”:  Any REO Loan that is serviced by the Special Servicer pursuant to this Agreement.

 

“Serviced
REO Property”:  Any REO Property that is serviced by the Special Servicer pursuant to this Agreement.

 

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“Serviced
Securitized Companion Loan”: Any Companion Loan that is a component of a Serviced Whole Loan, if and for so long as
each such Companion Loan is included in a Regulation AB Companion Loan Securitization.

 

“Serviced
Subordinate Companion Loan”: Any Companion Loan that is part of a Serviced AB Whole Loan and is subordinate to the related
Pari Passu Companion Loan(s). Each of the 225 Bush note B and The Essex note B-1 is a Serviced Subordinate Companion Loan with
respect to the Trust.

 

“Serviced
Whole Loan”: Each of the Whole Loans identified as “Serviced” under the column entitled “Type”
in the “Whole Loan” chart in the Preliminary Statement and, prior to the related Servicing Shift Securitization Date,
each of the Whole Loans identified as “Servicing Shift” under the column entitled “Type” in the “Whole
Loan” chart in the Preliminary Statement.

 

“Serviced
Whole Loan Controlling Holder”: The “Controlling Noteholder” or similar term identified in the Intercreditor
Agreement related to a Serviced Whole Loan.

 

“Serviced
Whole Loan Remittance Date”: With respect to any Serviced Companion Loan, (x) prior to contribution of such Serviced
Companion Loan to an Other Securitization, a date as set forth in the related Intercreditor Agreement (or if no such date is specified,
the Master Servicer Remittance Date) and (y) following contribution of such Serviced Companion Loan to an Other Securitization,
the earlier of (A) Master Servicer Remittance Date or (B) the Business Day immediately succeeding the “determination
date” set forth in the related Other Pooling and Servicing Agreement, or such earlier date as required by the related Intercreditor
Agreement; provided, however, that, unless otherwise required under the related Intercreditor Agreement, no remittance
is required to be made until two (2) Business Days after receipt of properly identified and available funds constituting the related
Periodic Payment with respect to the related Serviced Whole Loan.

 

“Servicer
Termination Event”: One or more of the events described in Section 7.01(a).

 

“Servicing
Account”: The account or accounts created and maintained pursuant to Section 3.03(a).

 

“Servicing
Advances”: All customary, reasonable and necessary “out-of-pocket” costs and expenses (including attorneys’
fees and expenses and fees of real estate brokers) incurred by the Master Servicer, the Special Servicer, Certificate Administrator,
or the Trustee, as applicable, in connection with the servicing and administering of (a) a Mortgage Loan (and in the case
of a Serviced Mortgage Loan, the related Serviced Companion Loan(s)), other than a Non-Serviced Mortgage Loan, in respect of which
a default, delinquency or other unanticipated event has occurred or as to which a default is reasonably foreseeable or (b) an
REO Property, including, in the case of each of such clause (a) and clause (b), but not limited to, (x) the
cost of (i) compliance with the Master Servicer’s obligations set forth in Section 3.03(c), (ii) the
preservation, restoration and protection of a Mortgaged Property, (iii) obtaining any Insurance and Condemnation Proceeds
or any Liquidation Proceeds of the nature described in clauses (i) – (vi) of the definition of “Liquidation
Proceeds,” (iv) any enforcement or judicial proceedings

 

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 with respect to a Mortgaged Property, including foreclosures
and (v) the operation, leasing, management, maintenance and liquidation of any REO Property and (y) any amount specifically
designated herein to be paid as a “Servicing Advance”. Notwithstanding anything to the contrary, “Servicing
Advances” shall not include allocable overhead of the Master Servicer or the Special Servicer, such as costs for office
space, office equipment, supplies and related expenses, employee salaries and related expenses and similar internal costs and
expenses or costs and expenses incurred by any such party in connection with its purchase of a Mortgage Loan or REO Property.
None of the Master Servicer, the Special Servicer or the Trustee shall make any Servicing Advance in connection with the exercise
of any cure rights or purchase rights granted to the holder of a Companion Loan under the related Intercreditor Agreement or this
Agreement.

 

“Servicing
Criteria”: The criteria set forth in paragraph (d) of Item 1122 of Regulation AB as such may be amended
from time to time and which as of the Closing Date are listed on Exhibit AA hereto.

 

“Servicing
Fee”: With respect to each Mortgage Loan (including any Non-Serviced Mortgage Loan), Serviced Companion Loan and any
REO Loan, the fee payable to the Master Servicer pursuant to the first paragraph of Section 3.11(a).

 

“Servicing
Fee Rate”: With respect to each Mortgage Loan (including any Non-Serviced Mortgage Loan) and REO Loan, a per annum
rate equal to the rate set forth on the Mortgage Loan Schedule under the heading “Servicing Fee Rate”, which rate
includes the rate at which applicable master servicing, primary servicing and sub-servicing fees accrue (except that with respect
to any Non-Serviced Mortgage Loan or Servicing Shift Mortgage Loan, such rate only includes the rate at which master servicing
fees accrue), in each case computed on the basis of the Stated Principal Balance of the related Mortgage Loan, the Trust Subordinate
Companion Loan or REO Loan in the same manner in which interest is calculated in respect of such loans. With respect to any Servicing
Shift Whole Loan, prior to the related Servicing Shift Securitization Date, in addition to the rate described in the preceding
sentence, the “Servicing Fee Rate” shall include the related Non-Serviced Primary Servicing Fee Rate. With respect
to each Serviced Companion Loan (other than the Serviced AB Subordinate Companion Loan, any Servicing Shift Companion Loan, each
225 Bush Pari Passu Companion Loan, each Legends at Village West Companion Loan and the 8 West Centre Companion Loan), the “Servicing
Fee Rate” shall be a per annum rate equal to 0.00125% (and 0.00411% in the case of each 225 Bush Pari Passu Companion
Loan, 0.02000% in the case of each Legends at Village West Companion Loan and 0.01125% in the case of the 8 West Centre Companion
Loan). With respect to each Serviced AB Subordinate Companion Loan (other than the Trust Subordinate Companion Loan), the “Servicing
Fee Rate” shall be a per annum rate equal to 0%. With respect to the Servicing Shift Companion Loan, prior to the
related Servicing Shift Securitization Date, the “Servicing Fee Rate” shall be a per annum rate equal to the related
Non-Serviced Primary Servicing Fee Rate. With respect to the Trust Subordinate Companion Loan, the “Servicing Fee Rate”
shall be a per annum rate equal to 0.0025%.

 

“Servicing
File”: A photocopy of all items required to be included in the Mortgage File, together with each of the following, to
the extent such items were actually delivered to the related Mortgage Loan Seller, with respect to a Mortgage Loan and Trust Subordinate
Companion Loan and (to the extent that the identified documents existed on or

 

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 before the Closing Date and the applicable reference
to Servicing File relates to any period after the Closing Date) delivered by the related Mortgage Loan Seller, to the Master Servicer:
(i) a copy of any engineering reports or property condition reports; (ii) other than with respect to a hotel property
(except with respect to tenanted commercial space within a hotel property), copies of a rent roll and, for any office, retail,
industrial or warehouse property, a copy of all leases and estoppels and subordination and non-disturbance agreements delivered
to the related Mortgage Loan Seller; (iii) copies of related financial statements or operating statements; (iv) all
legal opinions (excluding attorney-client communications between the related Mortgage Loan Seller, and its counsel that are privileged
communications or constitute legal or other due diligence analyses), Mortgagor’s certificates and certificates of hazard
insurance and/or hazard insurance policies or other applicable insurance policies, if any, delivered in connection with the closing
of the related Mortgage Loan; (v) a copy of the Appraisal for the related Mortgaged Property(ies); (vi) the documents
that were delivered by or on behalf of the Mortgagor, which documents were required to be delivered in connection with the closing
of the related Mortgage Loan; (vii) for any Mortgage Loan that the related Mortgaged Property is leased to a single tenant,
a copy of the lease; and (viii) a copy of all environmental reports that were received by the applicable Mortgage Loan Seller
relating to the relevant Mortgaged Property.

 

“Servicing
Function Participant”: Any Additional Servicer, Sub-Servicer, Subcontractor or any other Person, other than the Master
Servicer, the Special Servicer, the Trustee, the Operating Advisor and the Certificate Administrator, that is performing activities
that address the Servicing Criteria, unless (i) such Person’s activities relate only to 5% or less of the Mortgage
Loans by unpaid principal balance as of any date of determination in accordance with Article XI or (ii) the Depositor
reasonably determines that a Master Servicer or the Special Servicer may, for the purposes of the Exchange Act reporting requirements
pursuant to applicable Commission guidance, take responsibility for the assessment of compliance with the Servicing Criteria of
such Person. The Servicing Function Participants as of the Closing Date are listed on Exhibit GG hereto. Exhibit GG
shall be updated and provided to the Depositor and the Certificate Administrator in accordance with Section 11.10(c).

 

“Servicing
Officer”: Any officer and/or employee of the Master Servicer, the Special Servicer or any Additional Servicer involved
in, or responsible for, the administration and servicing of the Mortgage Loans or Serviced Companion Loans, whose name and specimen
signature appear on a list of servicing officers furnished by the Master Servicer, the Special Servicer or any Additional Servicer
to the Certificate Administrator, the Trustee, the Operating Advisor and the Depositor on the Closing Date as such list may be
amended from time to time thereafter.

 

“Servicing
Shift Companion Loan”: Any Companion Loan that is part of a Servicing Shift Whole Loan.

 

“Servicing
Shift Lead Note”: With respect to any Servicing Shift Whole Loan, as of any date of determination, the note or other
evidence of indebtedness and/or agreements evidencing the indebtedness of a Mortgagor under such Servicing Shift Whole Loan including
any amendments or modifications, or any renewal or substitution notes, as of such date, the sale of which to the related Non-Serviced
Trust will cause servicing to shift from this Agreement to the related Non-Serviced PSA pursuant to the terms of the related Intercreditor
Agreement for

 

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 such Servicing Shift Whole Loan. The Preliminary Statement hereto lists the Servicing Shift Lead Notes for the Servicing
Shift Whole Loans related to the Trust as of the Closing Date.

 

“Servicing
Shift Mortgage Loan” With respect to any Servicing Shift Whole Loan, a Mortgage Loan included in the Trust Fund that
will be serviced under this Agreement as of the Closing Date, but the servicing of which is expected to shift to the pooling and
servicing agreement entered into in connection with the securitization of the related Servicing Shift Lead Note on and after the
date of such securitization. Each of the Mortgage Loans identified as “Servicing Shift” under the column entitled
“Type” in the “Whole Loan” chart in the Preliminary Statement will be a Servicing Shift Mortgage Loan
related to the Trust as of the Closing Date.

 

“Servicing
Shift Securitization Date”: With respect to any Servicing Shift Whole Loan, the date on which the related Servicing
Shift Lead Note is included in a related Non-Serviced Trust, provided that such holder of a Servicing Shift Lead Note provides
each of the parties to this Agreement (in each case only to the extent such party will not also be a party to the related Non-Serviced
PSA) with notice in accordance with the terms of the related Intercreditor Agreement that such Servicing Shift Lead Note is to
be included in such Non-Serviced Trust which notice shall include contact information for the related Non-Serviced Master Servicer,
the Non-Serviced Special Servicer, the Non-Serviced Certificate Administrator and the Non-Serviced Trustee.

 

“Servicing
Shift Whole Loan”: Any Whole Loan serviced under this Agreement as of the Closing Date, which includes the related Servicing
Shift Mortgage Loan included in the Trust Fund and one or more Pari Passu Companion Loans not included in the Trust Fund, but
the servicing of which is expected to shift to the pooling and servicing agreement entered into in connection with the securitization
of the related Servicing Shift Lead Note on and after the date of such securitization. Each of the Whole Loans identified as “Servicing
Shift” under the column entitled “Type” in the “Whole Loan” chart in the Preliminary Statement will
be a Servicing Shift Whole Loan related to the Trust as of the Closing Date.

 

“Servicing
Standard”: As defined in Section 3.01(a).

 

“Servicing
Transfer Event”: With respect to any Mortgage Loan (other than a Non-Serviced Mortgage Loan) or related Companion Loan,
the occurrence of any of the following events:

 

(i)        with respect to a Mortgage Loan or Companion Loan that is not a Balloon Mortgage Loan, (a) a payment default shall have occurred
at its original Maturity Date, or (b) if the original Maturity Date of such Mortgage Loan or Companion Loan has been extended
as provided herein, a payment default shall have occurred at such extended Maturity Date; or

 

(ii)       with respect to each Mortgage Loan or Companion Loan that is a Balloon Mortgage Loan, a payment default shall have occurred with
respect to the related Balloon Payment; provided that if (A) the related Mortgagor has provided prior to the related
Maturity Date (i) a fully executed term sheet or refinancing commitment with respect to a refinancing of the related Mortgage
Loan or (ii) a

 

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 signed purchase and sale agreement with respect to a sale of the Mortgaged Property (in each case subject
only to typical due diligence and closing conditions and, in the case of a purchase and sale agreement, such agreement will include
a delivery of an acceptable deposit by the purchaser) in a manner consistent with CMBS market practices and that is satisfactory
in form and substance to the Master Servicer or the Special Servicer from an acceptable lender or purchaser reasonably satisfactory
to the Master Servicer or the Special Servicer, which provides that a refinancing of such Mortgage Loan or Whole Loan or the sale
of the related Mortgaged Property will occur within one hundred and twenty (120) days after the date on which such Balloon Payment
will become due (and the Master Servicer shall promptly forward such documentation to the Special Servicer), (B) the related
Mortgagor continues to make its Assumed Scheduled Payment or 225 Bush Assumed Scheduled Payment, as applicable, and (C) no
other Servicing Transfer Event shall have occurred with respect to such Mortgage Loan or Serviced Companion Loan, a Servicing
Transfer Event will not occur until the earlier of (1) one hundred twenty (120) days beyond the related Maturity Date and
(2)  the date that such refinancing or sale is scheduled to occur in such documentation as such date may be extended pursuant
to the original terms of such documentation; or

 

(iii)      any Periodic Payment (other than a Balloon Payment) is more than sixty (60) days delinquent (unless, in the case of a Mortgage
Loan with mezzanine debt, prior to such Periodic Payment becoming more than sixty (60) days delinquent the holders of the related
Companion Loan(s) or the holders of related mezzanine debt, as applicable, cure such delinquency, subject to the terms and provisions
of the related Intercreditor Agreement); or

 

(iv)      the Master Servicer or, if Midland is not both the Master Servicer and the Special Servicer, the Special Servicer makes a judgment
that a payment default is imminent or reasonably foreseeable and is not likely to be cured by the related Mortgagor within sixty
(60) days; or

 

(v)      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, or the appointment of a conservator, receiver or
liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up
or liquidation of its affairs, is entered against the related Mortgagor; provided that if such decree or order is discharged
or stayed within sixty (60) days of being entered, or if, as to a bankruptcy, the automatic stay is lifted within sixty (60) days
of a filing for relief or the case is dismissed, upon such discharge, stay, lifting or dismissal such Mortgage Loan (and any related
Companion Loan, as applicable), shall no longer be a Specially Serviced Loan (and no Special Servicing Fees, Workout Fees or Liquidation
Fees will be payable with respect thereto and any such fees actually paid shall be reimbursed to the Trust Fund by the Special
Servicer); or

 

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(vi)     the related Mortgagor shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment
of debt, marshaling of assets and liabilities or similar proceedings of or relating to such Mortgagor or of or relating to all
or substantially all of its property; or

 

(vii)    the related Mortgagor shall admit in writing its inability to pay its debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily
suspend payment of its obligations; or

 

(viii)   a default of which the Master Servicer or the Special Servicer, as applicable, has notice (other than a failure by such Mortgagor
to pay principal or interest) and which the Master Servicer or Special Servicer (in the case of the Special Servicer, with respect
to any Mortgage Loan other than an Excluded Loan, prior to the occurrence and continuance of any Control Termination Event, with
the consent of the Directing Certificateholder) determines in its good faith reasonable judgment may materially and adversely
affect the interests of the Certificateholders (and, with respect to any Serviced Whole Loan, the interests of the related Serviced
Companion Noteholder), as a collective whole (taking into account the subordinate or pari passu nature of any Companion
Loans, as applicable), if applicable, has occurred and remained unremedied for the applicable Grace Period specified in the related
Mortgage Loan or related Companion Loan documents, other than the failure to maintain terrorism insurance if such failure constitutes
an Acceptable Insurance Default (or if no Grace Period is specified for those defaults which are capable of cure, sixty (60) days);
or

 

(ix)      the Master Servicer or Special Servicer has received notice of the foreclosure or proposed foreclosure of any lien other than
the Mortgage on the related Mortgaged Property; or

 

(x)       the Master Servicer or, if Midland is not both the Master Servicer and the Special Servicer, the Special Servicer determines that
(a) a default (other than as described in clause (iv) above) under a Mortgage Loan or related Companion Loan
is imminent or reasonably foreseeable, (b) such default will materially impair the value of the corresponding Mortgaged Property
as security for the Mortgage Loan and related Companion Loan (if any) or otherwise materially adversely affect the interests of
Certificateholders (and, with respect to any Serviced Whole Loan, the interests of the related Serviced Companion Noteholder),
as a collective whole (taking into account the subordinate or pari passu nature of any Companion Loans, as applicable),
and (c) the default will continue unremedied for the applicable cure period under the terms of the Mortgage Loan or related
Companion Loan, as applicable, or, if no cure period is specified and the default is capable of being cured, for thirty (30) days;
provided that such 30-day grace period does not apply to a default that gives rise to immediate acceleration without application
of a grace period under the terms of the Mortgage Loan or related Companion Loan, as applicable;

 

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provided
that any Mortgage Loan (excluding any Non-Serviced Mortgage Loan) that is cross-collateralized with a Specially Serviced Loan
shall be a Specially Serviced Loan so long as such Mortgage Loan is cross-collateralized with a Specially Serviced Loan. If any
Serviced Companion Loan becomes a Specially Serviced Loan, the related Serviced Mortgage Loan shall also become a Specially Serviced
Loan. If any Serviced Mortgage Loan becomes a Specially Serviced Loan, the related Serviced Companion Loan shall also become a
Specially Serviced Loan. With respect to a Non-Serviced Mortgage Loan, the occurrence of a “Servicing Transfer Event”
shall be as defined in the related Non-Serviced PSA.

 

“Significant
Obligor”: As defined in Section 11.16.

 

“Significant
Obligor NOI Quarterly Filing Deadline”: With respect to each calendar quarter (other than the fourth (4th) calendar
quarter of any calendar year), the date that is fifteen (15) days after the Relevant Distribution Date occurring on or immediately
following the date on which financial statements for such calendar quarter are required to be delivered to the related lender
under the related Mortgage Loan documents.

 

“Significant
Obligor NOI Yearly Filing Deadline”: With respect to each calendar year, the date that is the 90th day after the end
of such calendar year.

 

“Similar
Law”: As defined in Section 5.03(n).

 

“Sole
Certificateholder”: Any Certificate Owner, or Certificate Owners acting in unanimity, of a Book-Entry Certificate (or
a Holder of a Definitive Certificate) holding 100% of the then-outstanding Class F-RR, Class G-RR and Class NR-RR Certificates;
provided, however, that the Certificate Balances of the Class A-1, Class A-2, Class A-3, Class A-4,
Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates have been retired.

 

“Special
Notice”: As defined in Section 5.06(b)(i).

 

“Special
Servicer”: With respect to (i) each of the Mortgage Loans (other than any Non-Serviced Mortgage Loan and any Excluded
Special Servicer Loan) and the Serviced Companion Loans, Midland Loan Services, a Division of PNC Bank, National Association,
a national banking association, and its successors in interest and assigns, or any successor special servicer appointed as herein
provided and (ii) any Excluded Special Servicer Loan, if any, the related Excluded Special Servicer appointed pursuant to
Section 7.01(g), as applicable and as the context may require. For the avoidance of doubt, all references to the obligations
or liabilities of the “Special Servicer” in this Agreement shall mean the applicable special servicer as provided
herein.

 

“Special
Servicing Fee”: With respect to each Specially Serviced Loan and REO Loan (other than a Non-Serviced Mortgage Loan),
the fee payable to the Special Servicer pursuant to Section 3.11(b).

 

“Special
Servicing Fee Rate”: With respect to each Specially Serviced Loan and each REO Loan (other than a Non-Serviced Mortgage
Loan) on a loan-by-loan basis, (a) 0.25000% per annum computed on the basis of the Stated Principal Balance of the
related Mortgage Loan and Companion Loan(s) (including any REO Loan), as applicable, in the same

 

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 manner as interest is calculated
on the Specially Serviced Loans and (b) if the rate in clause (a) would result in a Special Servicing Fee that would
be less than $3,500, in any given month, then the Special Servicing Fee Rate for such month for such Specially Serviced Loan or
REO Loan shall be a rate equal to such higher rate as would result in a Special Servicing Fee equal to $3,500 for such month with
respect to such Specially Serviced Loan or REO Loan.

 

“Specially
Serviced Loan”: As defined in Section 3.01(a).

 

“Startup
Day”: The day designated as such in Section 10.01(b).

 

“Stated
Principal Balance”: With respect to any Mortgage Loan or Trust Subordinate Companion Loan, as of any date of determination,
an amount equal to (x) the unpaid principal balance as of the Cut-off Date of such Mortgage Loan or Trust Subordinate Companion
Loan (or in the case of a Qualified Substitute Mortgage Loan, as of the date it is added to the trust) after application of all
payments of principal due during or prior to the month of substitution, whether or not those payments have been received) minus
(y) the sum of:

 

(i)        the principal portion of each Periodic Payment due on such Mortgage Loan or Trust Subordinate Companion Loan after the Cut-off
Date (or in the case of a Qualified Substitute Mortgage Loan, the Due Date in the related month of substitution), to the extent
received from the Mortgagor or advanced by the Master Servicer;

 

(ii)       all Principal Prepayments received with respect to such Mortgage Loan or Trust Subordinate Companion Loan after the Cut-off Date
(or in the case of a Qualified Substitute Mortgage Loan, the Due Date in the related month of substitution);

 

(iii)      the principal portion of all Insurance and Condemnation Proceeds (to the extent allocable to principal on such Mortgage Loan or
Trust Subordinate Companion Loan) and Liquidation Proceeds received with respect to such Mortgage Loan or Trust Subordinate Companion
Loan after the Cut-off Date (or in the case of a Qualified Substitute Mortgage Loan, the Due Date in the related month of substitution);
and

 

(iv)      any reduction in the outstanding principal balance of such Mortgage Loan or Trust Subordinate Companion Loan resulting from a
Deficient Valuation or a modification of such Mortgage Loan or Trust Subordinate Companion Loan pursuant to the terms and provisions
of this Agreement that occurred prior to the end of the Collection Period for the most recent Distribution Date.

 

With
respect to any REO Loan that is a successor to a Mortgage Loan or Trust Subordinate Companion Loan, as of any date of determination,
an amount equal to (x) the Stated Principal Balance of the predecessor Mortgage Loan or Trust Subordinate Companion Loan
as of the date of the related REO Acquisition, minus (y) the sum of:

 

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(i)        the principal portion of any P&I Advance made with respect to such REO Loan; and

 

(ii)       the principal portion of all Insurance and Condemnation Proceeds (to the extent allocable to principal on the related Mortgage
Loan or Trust Subordinate Companion Loan, as applicable), Liquidation Proceeds and REO Revenues received with respect to such
REO Loan.

 

A
Mortgage Loan, Trust Subordinate Companion Loan or an REO Loan that is a successor to a Mortgage Loan or Trust Subordinate Companion
Loan shall be deemed to be part of the Trust Fund and to have an outstanding Stated Principal Balance until the Distribution Date
on which the payments or other proceeds, if any, received in connection with a Liquidation Event in respect thereof are to be
(or, if no such payments or other proceeds are received in connection with such Liquidation Event, would have been) distributed
to Certificateholders.

 

With
respect to each Companion Loan on any date of determination, the Stated Principal Balance shall equal the unpaid principal balance
of such Companion Loan as of such date. On any date of determination, the Stated Principal Balance of each Whole Loan shall be
the sum of the Stated Principal Balances of the related Mortgage Loan and the related Companion Loan(s) on such date.

 

With
respect to any REO Loan that is a successor to a Companion Loan as of any date of determination, the Stated Principal Balance
shall equal (x) the Stated Principal Balance of the predecessor Companion Loan as of the date of the related REO Acquisition,
minus (y) the principal portion of any amounts allocable to the related Companion Loan in accordance with the related
Intercreditor Agreement.

 

“Subcontractor”:
Any vendor, subcontractor or other Person that is not responsible for the overall servicing (as “servicing” is commonly
understood by participants in the mortgage-backed securities market) of Mortgage Loans but performs one or more discrete functions
identified in Item 1122(d) of Regulation AB with respect to Mortgage Loans under the direction or authority of the Master
Servicer, the Special Servicer, the Operating Advisor, an Additional Servicer or a Sub-Servicer.

 

“Subject
Loans”: As defined in Section 12.02(b).

 

“Subordinate
Certificate”: Any Class A-S, Class B, Class C, Class D, Class E, Class F-RR, Class G-RR
and Class NR-RR Certificate.

 

“Subordinate
Companion Holder”: The holder of any of the AB Subordinate Companion Loans.

 

“Subsequent
Asset Status Report”: As defined in Section 3.19(d).

 

“Sub-Servicer”:
Any Person that Services Mortgage Loans on behalf of the Master Servicer, the Special Servicer or an Additional Servicer and is
responsible for the performance (whether directly or through Sub-Servicers or Subcontractors) of a substantial portion of the
material servicing functions required to be performed by the Master Servicer, the

 

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Special Servicer or an Additional Servicer under
this Agreement, with respect to some or all of the Mortgage Loans.

 

“Sub-Servicing
Agreement”: The written contract between the Master Servicer or the Special Servicer, as the case may be, and any Sub-Servicer
relating to servicing and administration of Mortgage Loans and the Trust Subordinate Companion Loan as provided in Section 3.20.

 

“Substitution
Shortfall Amount”: With respect to a substitution pursuant to Section 2.03(b) hereof, an amount equal to
the excess, if any, of the Purchase Price of the Mortgage Loan or Trust Subordinate Companion Loan, being replaced calculated
as of the date of substitution over the Stated Principal Balance of the related Qualified Substitute Mortgage Loan after application
of all scheduled payments of principal and interest due during or prior to the month of substitution. In the event that one or
more Qualified Substitute Mortgage Loans are substituted (at the same time by the same Mortgage Loan Seller) for one or more removed
Mortgage Loans or Trust Subordinate Companion Loan, the Substitution Shortfall Amount shall be determined as provided in the preceding
sentence on the basis of the aggregate Purchase Prices of the Mortgage Loan(s) and Trust Subordinate Companion Loan, as applicable,
being replaced and the aggregate Stated Principal Balances of the related Qualified Substitute Mortgage Loan(s).

 

“Surviving
Entity”: As defined in Section 6.03(b).

 

“Tax
Returns”: The federal income tax returns on (i) Internal Revenue Service Form 1066, U.S. Real Estate Mortgage Investment
Conduit (REMIC) Income Tax Return, including Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC Taxable
Income or Net Loss Allocation, or any successor forms, to be filed on behalf of each Trust REMIC due to its respective classification
as a REMIC under the REMIC Provisions and (ii) Internal Revenue Service Form 1041 or Internal Revenue Service Form 1099,
as applicable, or any successor forms to be filed on behalf of the Grantor Trust, together with any and all other information,
reports or returns that may be required to be furnished to the Certificateholders or filed with the Internal Revenue Service or
any other governmental taxing authority under any applicable provisions of federal tax law or Applicable State and Local Tax Law.

 

“Temporary
Regulation S Book-Entry Certificate”: As defined in Section 5.02(a).

 

“Test”:
As defined in Section 12.01(b)(iv).

 

“TIF”:
As defined in Section 3.09(i).

 

“Third
Party Purchaser”: KKR CMBS II Aggregator Type 1 L.P., or any Person that purchases the HRR Certificates in accordance
with this Agreement and applicable laws and regulations.

 

“Transfer”:
Any direct or indirect transfer, sale, pledge, hypothecation, or other form of assignment of any Ownership Interest in a Certificate.

 

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“Transferable
Servicing Interest”: The amount by which the Servicing Fee otherwise payable to the Master Servicer hereunder exceeds
the amount of the Servicing Fee attributable to the Retained Fee Rate, which is subject to reduction by the Trustee pursuant to
Section 3.11(a) of this Agreement.

 

“Transferee”:
Any Person who is acquiring by Transfer any Ownership Interest in a Certificate.

 

“Transferee
Affidavit”: As defined in Section 5.03(o)(ii).

 

“Transferor”:
Any Person who is disposing by Transfer any Ownership Interest in a Certificate.

 

“Transferor
Letter”: As defined in Section 5.03(o)(ii).

 

“Transfer
Restriction Period”: With respect to (a) the VRR Interest and the HRR Certificates, the Pooled Transfer Restriction
Period, and (b) the Class 225B-VRR Interest Certificates, the Loan-Specific Transfer Restriction Period.

 

“Trust”:
The trust created hereby and to be administered hereunder. The Trust shall be named: “Benchmark 2019-B14 Mortgage Trust”.

 

“Trust
Fund”: The corpus of the Trust created hereby and to be administered hereunder, consisting of: (i) such Mortgage
Loans and Trust Subordinate Companion Loan as from time to time are subject to this Agreement (including any Qualified Substitute
Mortgage Loan replacing a removed Mortgage Loan), together with the Mortgage Files relating thereto (subject to, in the case of
a Serviced Whole Loan, the interests of the related Serviced Companion Noteholder in the related Mortgage File); (ii) all
scheduled or unscheduled payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan
due after the Cut-off Date (or with respect to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution);
(iii) any REO Property (to the extent of the Trust’s interest therein) or the Trust’s beneficial interest in
the Mortgaged Property securing a Non-Serviced Whole Loan acquired under the related Non-Serviced PSA; (iv) all revenues
received in respect of any REO Property (to the extent of the Trust’s interest therein); (v) the Master Servicer’s,
the Special Servicer’s, the Certificate Administrator’s and the Trustee’s rights under the insurance policies
with respect to the Mortgage Loans and the Trust Subordinate Companion Loan required to be maintained pursuant to this Agreement
and any proceeds thereof (to the extent of the Trust’s interest therein); (vi) any Assignment of Leases and any security
agreements (to the extent of the Trust’s interest therein); (vii) any letters of credit, indemnities, guaranties or
lease enhancement policies given as additional security for any related Mortgage Loans and the Trust Subordinate Companion Loan
(to the extent of the Trust’s interest therein); (viii) all assets deposited in the Loss of Value Reserve Fund and
the Servicing Accounts (to the extent of the Trust’s interest therein), amounts on deposit in the Collection Account (to
the extent of the Trust’s interest therein), the Lower-Tier REMIC Distribution Account, the Upper-Tier REMIC Distribution
Account, the Excess Interest Distribution Account, the Trust Subordinate Companion Loan REMIC Distribution Account, the Interest
Reserve Account, the Pooled Non-VRR Gain-on-Sale Reserve Account (to the extent of the Trust’s interest in such Pooled Non-

 

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VRR
Gain-on-Sale Reserve Account), the Pooled VRR Gain-on-Sale Reserve Account (to the extent of the Trust’s interest in such
VRR Gain-on-Sale Reserve Account), the 225 Bush Non-VRR Gain-on-Sale Reserve Account (to the extent of the Trust’s interest
in such 225 Bush Non-VRR Gain-on-Sale Reserve Account), the 225 Bush VRR Gain-on-Sale Reserve Account (to the extent of the Trust’s
interest in such 225 Bush VRR Gain-on-Sale Reserve Account) and any REO Account (to the extent of the Trust’s interest in
such REO Account), including any reinvestment income, as applicable; (ix) any Environmental Indemnity Agreements (to the
extent of the Trust’s interest therein); (x) the rights and remedies of the Depositor under each Mortgage Loan Purchase
Agreement (to the extent transferred to the Trustee); (xi) the Lower-Tier Regular Interests; (xii) the Class VRR Upper-Tier
Regular Interest, (xiii) the Trust Subordinate Companion Loan RMIC Regular Interests and (xiv) the proceeds of the foregoing
(other than any interest earned on deposits in the lock-box accounts, cash collateral accounts, escrow accounts and any reserve
accounts, to the extent such interest belongs to the related Mortgagor). For the avoidance of doubt, no Retained Defeasance Rights
and Obligations will be an asset of the Trust.

 

“Trust-Level
Basis”: With respect to the Operating Advisor’s evaluation of the Special Servicer’s performance of its
duties as they relate to the resolution and/or liquidation of Specially Serviced Loans (and, after the occurrence and during the
continuance of an Operating Advisor Consultation Event, with respect to Major Decisions on Non-Specially Serviced Loans) under
this Agreement, taking into account the Special Servicer’s specific duties under this Agreement as well as the extent to
which those duties were performed in accordance with the Servicing Standard, with reasonable consideration by the Operating Advisor
of any assessment of compliance report, attestation report, Major Decision Reporting Package (after the occurrence and during
the continuance of an Operating Advisor Consultation Event), Asset Status Report (after the occurrence and during the continuance
of an Operating Advisor Consultation Event), Final Major Decision Reporting Package, Final Asset Status Report and other information,
in each case, delivered to the Operating Advisor by the Special Servicer or made available to Privileged Persons that are posted
on the Certificate Administrator’s Website during the prior calendar year (together with any additional information and
material reviewed by the Operating Advisor) (other than any communications between the Directing Certificateholder and the Special
Servicer that would be Privileged Information) pursuant to this Agreement.

 

“Trust
REMIC”: as defined in the Preliminary Statement.

 

“Trust
Subordinate Companion Loan”: The 225 Bush Trust Subordinate Companion Loan.

 

“Trust
Subordinate Companion Loan REMIC”: One of three separate REMICs comprising a portion of the Trust Fund, which consist
of the Trust Subordinate Companion Loan and the proceeds thereof, any allocable portion of REO Property with respect thereto,
the related portions of the REO Account, and the Trust Subordinate Companion Loan REMIC Distribution Account.

 

“Trust
Subordinate Companion Loan REMIC Distribution Account”: With respect to the Trust Subordinate Companion Loan, the segregated
trust account or accounts created and maintained as a separate account or accounts by the Certificate Administrator (on behalf
of the Trustee) pursuant to Section 3.04(j) of this Agreement, which shall be entitled 

 

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“Wells Fargo Bank, National
Association, as Certificate Administrator on behalf of Wells Fargo Bank, National Association, as Trustee, for the benefit of
the registered holders of Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14, Trust
Subordinate Companion Loan REMIC Distribution Account,” and which must be an Eligible Account or a subaccount of an Eligible
Account.

 

“Trust
Subordinate Companion Loan REMIC Distribution Amount”: As defined in Section 4.01(b).

 

“Trust
Subordinate Companion Loan REMIC Regular Interests”: Any of the Class L225BA, Class L225BB, Class L225BC, Class L225BD,
Class L225BE and Class L225BVRR Uncertificated Interests, as applicable.

 

“Trustee”:
Wells Fargo Bank, National Association, or its successor in interest, in its capacity as trustee and its successors in interest,
or any successor trustee appointed as herein provided.

 

“Trustee
Fee”: The fee to be paid to the Trustee as compensation for the Trustee’s activities under this Agreement, which
fee is included as part of the Certificate Administrator Fee. No portion of the Trustee Fee shall be calculated by reference to
any Companion Loan or the Stated Principal Balance of any Companion Loan.

 

“UCC”:
The Uniform Commercial Code, as enacted in each applicable state.

 

“UCC
Financing Statement”: A financing statement prepared and filed pursuant to the UCC, as in effect in the relevant jurisdiction.

 

“Underwriters”:
J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Academy Securities, Inc. and Drexel
Hamilton, LLC.

 

“Uninsured
Cause”: Any cause of damage to property subject to a Mortgage such that the complete restoration of such property is
not fully reimbursable by the hazard insurance policies or flood insurance policies required to be maintained pursuant to Section 3.07.

 

“United
States Securities Person”: Any “U.S. person” as defined in Rule 902(k) of Regulation S.

 

“Unliquidated
Advance”: Any Advance previously made by a party hereto that has been previously reimbursed, as between the Person that
made the Advance hereunder, on the one hand, and the Trust, on the other, as part of a Workout-Delayed Reimbursement Amount pursuant
to subsections (iii) and (iv) of Section 3.05(a) but that has not been recovered from the Mortgagor
or otherwise from collections on or the proceeds of the related Mortgage Loan or REO Property in respect of which the Advance
was made.

 

“Unsolicited
Information”: As defined in Section 12.01(b)(iii).

 

“Upper-Tier
REMIC”: One of the three separate REMICs comprising the Trust, the assets of which consist of the Lower-Tier Regular
Interests, the Trust Subordinate

 

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Companion Loan REMIC Regular Interests, and such amounts as shall from time to time be held in
the Upper-Tier REMIC Distribution Account.

 

“Upper-Tier
REMIC Distribution Account”: The segregated account or accounts (or a subaccount of the Distribution Account) created
and maintained by the Certificate Administrator (on behalf of the Trustee) pursuant to Section 3.04(b) in trust for
the Certificateholders, which shall initially be entitled “Wells Fargo Bank, National Association, as Certificate Administrator,
on behalf of Wells Fargo Bank, National Association, as Trustee, for the benefit of the registered holders of Benchmark 2019-B14
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14, Upper-Tier REMIC Distribution Account”.
Any such account or accounts shall be an Eligible Account.

 

“U.S.
Dollars” or “$”: Lawful money of the United States of America.

 

“U.S.
Tax Person”: A citizen or resident of the United States, a corporation or partnership (except to the extent provided
in applicable Treasury Regulations) or other entity created or organized in, or under the laws of, the United States, any State
thereof or the District of Columbia, including any entity treated as a corporation or partnership for federal income tax purposes,
an estate whose income is subject to United States federal income tax regardless of its source or a trust if a court within the
United States is able to exercise primary supervision over the administration of such trust, and one or more such U.S. Tax Persons
have the authority to control all substantial decisions of such trust (or, to the extent provided in applicable Treasury Regulations,
certain trusts in existence on August 20, 1996 that have elected to be treated as U.S. Tax Persons).

 

“Voting
Rights”: The portion of the voting rights of all of the Certificates which is allocated to any Certificate. At all times
during the term of this Agreement, the Voting Rights shall be allocated among the various Classes of Certificateholders as follows:
(i) 2% in the case of the Class X Certificates (allocated pro rata, based upon their respective Notional Amounts
as of the date of determination) and (ii) in the case of any Principal Balance Certificates, the VRR Interest and the 225B-VRR
Interest, a percentage equal to the product of 98% and a fraction, the numerator of which is equal to the Certificate Balance
(and solely in connection with any vote for purposes of determining whether to remove the Special Servicer pursuant to Section 7.01(d),
taking into account any notional reduction in the Certificate Balance for Appraisal Reduction Amounts allocated to the Certificates
pursuant to Section 4.05(a) hereof) of such Class, in each case, determined as of the Distribution Date immediately
preceding such time, and the denominator of which is equal to the aggregate Certificate Balance (and solely in connection with
any vote for purposes of determining whether to remove the Special Servicer pursuant to Section 7.01(d), taking into
account any notional reduction in the Certificate Balance for Appraisal Reduction Amounts allocated to the Certificates pursuant
to Section 4.05(a) hereof) of the Principal Balance Certificates, the VRR Interest and the 225B-VRR Interest, each
determined as of the Distribution Date immediately preceding such time. None of the Class R or Class S Certificates shall
be entitled to any Voting Rights.

 

“VRR
Interest”: The VRR Interest represents an undivided beneficial interests in the Class VRR Interest Specific Grantor
Trust Assets.

 

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“VRR-A
Risk Retention Consultation Party”: The Risk Retention Consultation Party selected by DBNY. The Initial VRR-A Risk Retention
Consultation Party shall be DBNY.

 

“VRR-B
Risk Retention Consultation Party”: The Risk Retention Consultation Party selected by JPMCB. The Initial VRR-B Risk
Retention Consultation Party shall be JPMCB.

 

“VRR-C
Risk Retention Consultation Party”: The Risk Retention Consultation Party selected by CREFI. The Initial VRR-C Risk
Retention Consultation Party shall be CREFI.

 

“WHFIT”:
A “Widely Held Fixed Investment Trust” as that term is defined in Treasury Regulations Section 1.671-5(b)(22) or successor
provisions.

 

“WHFIT
Regulations”: Treasury Regulations Section 1.671-5, as amended or successor provisions.

 

“WHMT”:
A “Widely Held Mortgage Trust” as that term is defined in Treasury Regulations Section 1.671-5(b)(23) or successor
provisions.

 

“Whole
Loan”: With respect to any Mortgage Loan with a related Companion Loan and/or a related Subordinate Companion, such
Mortgage Loan and its related Companion Loan(s), collectively, as identified in the “Whole Loan” chart in the Preliminary
Statement. With respect to each Whole Loan, references herein to each such Whole Loan shall be construed to refer to the aggregate
indebtedness under the related Mortgage Loan and the related Companion Loan(s).

 

“Withheld
Amounts”: As defined in Section 3.21(a).

 

“Workout-Delayed
Reimbursement Amounts”: With respect to any Mortgage Loan or Trust Subordinate Companion Loan, the amount of any Advances
made with respect to such Mortgage Loan or Trust Subordinate Companion Loan on or before the date such Mortgage Loan or Trust
Subordinate Companion Loan becomes (or, but for the making of three Periodic Payments under its modified terms, would then constitute)
a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such
Advance (and accrued and unpaid interest thereon) is not reimbursed to the Person who made such Advance on or before the date,
if any, on which Mortgage Loan or Trust Subordinate Companion Loan becomes a Corrected Loan and (ii) the amount of such Advance
(and accrued and unpaid interest thereon) becomes an obligation of the related Mortgagor to pay such amount under the terms of
the modified loan documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not
in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable
Advance.

 

“Workout
Fee”: The fee paid to the Special Servicer with respect to each Corrected Loan (except with respect to a Corrected Loan
that was a Fee Restricted Specially Serviced Loan and became a Corrected Loan while it was a Fee Restricted Specially Serviced
Loan) in accordance with Section 3.11(c).

 

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“Workout
Fee Rate”: With respect to each Corrected Loan (except with respect to a Corrected Loan that was a Fee Restricted Specially
Serviced Loan and became a Corrected Loan while it was a Fee Restricted Specially Serviced Loan), a fee of 1.00% of each collection
(other than Penalty Charges and Excess Interest) of interest and principal (other than any amount for which a Liquidation Fee
would be paid), including (i) Periodic Payments, (ii) Balloon Payments, (iii) Principal Prepayments and (iv) payments
(other than those included in clause (i) or (ii) of this definition) at maturity or Anticipated Repayment Date,
received on each Corrected Loan for so long as it remains a Corrected Loan.

 

“XML”:
Extensible Markup Language.

 

“Yield
Maintenance Charge”: With respect to any Mortgage Loan, any premium, fee or other additional amount paid or payable,
as the context requires, by a borrower in connection with a principal prepayment on, or other early collection of principal of,
a Mortgage Loan, calculated, in whole or in part, pursuant to a yield maintenance formula or otherwise pursuant to a formula that
reflects the lost interest, including any specified amount or specified percentage of the amount prepaid which constitutes the
minimum amount that such Yield Maintenance Charge may be.

 

“YM
Group”: YM Group A, YM Group B, YM Group D or YM Group F, as applicable.

 

“YM
Group A”: Collectively, the Class A Certificates and the Class X-A Certificates.

 

“YM
Group B”: Collectively, the Class B, Class C and Class X-B Certificates.

 

“YM
Group D”: Collectively, the Class D, Class E and Class X-D Certificates.

 

Section 1.02      
Certain Calculations. Unless otherwise specified herein, for purposes of determining amounts with respect to the Certificates
and the rights and obligations of the parties hereto, the following provisions shall apply:

 

(i)        All calculations of interest (other than as provided in the related Mortgage Loan documents) provided for herein shall be made
on the basis of a 360-day year consisting of twelve 30-day months.

 

(ii)       Any Mortgage Loan or Companion Loan payment is deemed to be received on the date such payment is actually received by the Master
Servicer or the Special Servicer; provided, however, that for purposes of calculating distributions on the Certificates,
Principal Prepayments with respect to any Mortgage Loan or Trust Subordinate Companion Loan are deemed to be received on the date
they are applied in accordance with the Servicing Standard consistent with the terms of the related Mortgage Note and Mortgage
to reduce the outstanding principal balance of such Mortgage Loan or Trust Subordinate Companion Loan, as applicable on which
interest accrues.

 

(iii)      Any reference to the Certificate Balance of any Class of Principal Balance Certificates on or as of a Distribution Date shall
refer to the Certificate Balance of such

 

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Class of Principal Balance Certificates
on such Distribution Date after giving effect to (a) any distributions made on such Distribution Date pursuant to Section 4.01(a),
(b) and (c), (b) any Pooled Non-VRR Realized Losses or 225 Bush Non-VRR Realized Losses allocated to such Class
of Principal Balance Certificates on that Distribution Date pursuant to Section 4.04, and (c) any recoveries
on the related Mortgage Loans or the Trust Subordinate Companion Loan, as applicable, of Nonrecoverable Advances (plus interest
thereon) that were previously reimbursed from principal collections on the related Mortgage Loans or Trust Subordinate Companion
Loan, as applicable, that resulted in a reduction of the Pooled Aggregate Principal Distribution Amount or the 225 Bush Aggregate
Principal Distribution Amount, which recoveries are allocated to such Class of Principal Balance Certificates, and added to the
Certificate Balance pursuant to Section 4.04(a) and (b), as applicable.

  

(iv)      Unless otherwise specifically provided for herein, all net present value calculations and determinations made with respect to
a Mortgage Loan, Serviced Companion Loan, Mortgaged Property, Trust Subordinate Companion Loan or REO Property (including for
purposes of the definition of “Servicing Standard”) shall be made, in the event the Mortgage Loan documents
are silent, using a discount rate (a) for principal and interest payments on a Mortgage Loan or Serviced Companion Loan,
as applicable, or sale of a Defaulted Loan or Trust Subordinate Companion Loan, as applicable, by the Special Servicer, the highest
of (x) the rate determined by the Master Servicer or Special Servicer, as applicable, that approximates the market rate that
would be obtainable by the related Mortgagor on similar non-defaulted debt of such Mortgagor as of such date of determination,
(y) the Mortgage Rate on the applicable Mortgage Loan or Serviced Companion Loan, as applicable, based on its outstanding
principal balance and (z) the yield on 10-year U.S. treasuries as of such date of determination, and (b) for all other
cash flows, including property cash flow, the “discount rate” set forth in the most recent Appraisal (or update of
such Appraisal) of the related Mortgaged Property.

 

(v)       Any reference to “expense of the trust” or “additional trust fund expense” or words of similar import
shall be construed to mean, for any Serviced Mortgage Loan, an expense that shall be applied in accordance with the related Intercreditor
Agreement or, if no application is specified in the related Intercreditor Agreement, then, to the extent such Intercreditor Agreement
refers to this Agreement for the application of trust fund expenses or such Intercreditor Agreement does not prohibit the following
application of trust fund expenses (i) with respect to any Serviced Pari Passu Whole Loan, pro rata and pari passu,
to the Trust and the related Serviced Pari Passu Companion Loan(s) in accordance with the respective Stated Principal Balances
of the related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu Companion Loan(s) or (ii) with respect to the Serviced
AB Whole Loan, first, to the related AB Subordinate Companion Loan and then, pro rata and pari passu, by the Trust
and the related Serviced Pari Passu Companion Loan (if any), in accordance with the respective Stated Principal Balances of the
related Mortgage Loan and Serviced Pari Passu Companion Loan.

 

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[End
of Article I]

 

Article II

CONVEYANCE OF MORTGAGE LOANS;

ORIGINAL ISSUANCE OF CERTIFICATES

 

Section 2.01      
Conveyance of Mortgage Loans and Trust Subordinate Companion Loan. (a)  The Depositor, concurrently with the
execution and delivery hereof, does hereby establish a trust, appoint the Trustee as trustee of the trust, assign, sell, transfer
and convey to the Trustee, in trust, without recourse, for the benefit of the Certificateholders and the Trustee (as holder of
the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan REMIC Regular Interests) all the right, title and interest
of the Depositor, including any security interest therein for the benefit of the Depositor, whether now owned or existing or hereafter
acquired or arising, in, to and under (i) the Mortgage Loans and the Trust Subordinate Companion Loan identified on the Mortgage
Loan Schedule, (ii) Sections 1, 2, 3, 4, 5 (excluding Section 5(d), 5(f) and 5(g)), 6(a) (excluding clauses (viii)
and (xii) of Section 6(a)), 6(c), 6(d), 6(e), 6(f), 6(g), 10, 11, 13, 14, 15, 17, 18 and 19 of each of the Mortgage Loan
Purchase Agreements, (iii) the Intercreditor Agreements, and (iv) all other assets included or to be included in the
Trust Fund (collectively, the “Conveyed Property”). Such assignment includes all interest and principal received
or receivable on or with respect to the Mortgage Loans and the Trust Subordinate Companion Loan (in each case, other than (i) payments
of principal and interest due and payable on the Mortgage Loans and the Trust Subordinate Companion Loan on or before the Cut-off
Date; and (ii) prepayments of principal collected on or before the Cut-off Date). The transfer of the Mortgage Loans, the
Trust Subordinate Companion Loan and the related rights and property accomplished hereby is absolute and, notwithstanding Section 13.07,
is intended by the parties to constitute a sale. In connection with the assignment to the Trustee of Sections 1, 2, 3, 4,
5 (excluding Section 5(d), 5(g) and 5(h)), 6(a) (excluding clauses (viii) and (xii) of Section 6(a)), 6(c), 6(d),
6(e), 6(f), 6(g), 10, 11, 13, 14, 15, 17, 18 and 19 of each of the Mortgage Loan Purchase Agreements, it is intended that the
Trustee get the benefit of Sections 10, 11 and 14 thereof in connection with any exercise of rights under the assigned Sections,
and the Depositor shall use its best efforts to make available to the Trustee the benefits of Sections 10, 11 and 14 in connection
therewith.

 

(b)           
In connection with the Depositor’s assignment pursuant to subsection (a) above, the Depositor shall direct,
and hereby represents and warrants that it has directed, the Mortgage Loan Sellers to the extent provided in the applicable Mortgage
Loan Purchase Agreement to deliver to and deposit with, or cause to be delivered to and deposited with, the Custodian (or with
respect to letters of credit, the Master Servicer), on or before the Closing Date, the Mortgage File for each Mortgage Loan and
Trust Subordinate Companion Loan so assigned, with copies to the Master Servicer (except, in the case of Serviced Mortgage Loans,
for letters of credit). If the applicable Mortgage Loan Seller cannot deliver, or cause to be delivered, as to any Mortgage Loan,
the original Mortgage Note, the delivery requirements of the applicable Mortgage Loan Purchase Agreement and this Section 2.01(b)
shall be deemed to have been satisfied upon such Mortgage Loan Seller’s delivery of a copy or duplicate original of
such Mortgage Note, together with an affidavit certifying that the original thereof has been lost or

 

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destroyed and indemnifying
the Trustee and the Trust. If the applicable Mortgage Loan Seller cannot deliver, or cause to be delivered, as to any Mortgage
Loan, any of the documents and/or instruments referred to in clauses (ii), (iii), (iv), (vii),
and (ix) of the definition of “Mortgage File” (or, if applicable, a copy thereof) with evidence of filing or
recording thereon (if intended to be recorded or filed), solely because of a delay caused by the public filing or recording office
where such document or instrument has been delivered, or will be delivered within ten (10) Business Days of the Closing Date,
for filing or recordation, the delivery requirements of the applicable Mortgage Loan Purchase Agreement and this Section 2.01(b)
shall be deemed to have been satisfied on a provisional basis as of the Closing Date as to such non-delivered document or
instrument, and such non-delivered document or instrument shall be deemed to have been included in the Mortgage File, if a duplicate
original or a photocopy of such non-delivered document or instrument (certified by the applicable public filing or recording office,
the applicable title insurance company or the applicable Mortgage Loan Seller to be a true and complete copy of the original thereof
submitted or to be submitted for filing or recording) is delivered to the Custodian on or before the Closing Date, and either
the original of such non-delivered document or instrument, or a photocopy thereof (certified by the appropriate county recorder’s
office or the applicable title insurance company, in the case of the documents and/or instruments referred to in clause (ii)
of the definition of “Mortgage File”, to be a true and complete copy of the original thereof submitted for recording),
with evidence of filing or recording thereon, is delivered to the Custodian within one hundred-eighty (180) days of the Closing
Date (or within such longer period, not to exceed eighteen (18) months, after the Closing Date as the Custodian shall consent
to as long as the applicable Mortgage Loan Seller is, as certified in writing to the Trustee and the Custodian no less often than
every ninety (90) days following such 180–day period after the Closing Date, attempting in good faith to obtain from the
appropriate public filing office or county recorder’s office such original or photocopy). If the applicable Mortgage Loan
Seller is required to, but cannot, deliver, or cause to be delivered, as to any Mortgage Loan, any of the documents and/or instruments
referred to in clauses (ii), (iii), (iv), (vii), and (ix) (or, if applicable, a copy thereof)
of the definition of “Mortgage File,” with evidence of filing or recording thereon, for any other reason, including,
without limitation, that such non-delivered document or instrument has been lost or destroyed, the delivery requirements of the
applicable Mortgage Loan Purchase Agreement and this Section 2.01(b) shall be deemed to have been satisfied as to
such non-delivered document or instrument, and such non-delivered document or instrument shall be deemed to have been included
in the Mortgage File, if a photocopy of such non-delivered document or instrument (with evidence of filing or recording thereon
and certified in the case of the documents and/or instruments referred to in clause (ii) of the definition of “Mortgage
File” by the appropriate county recorder’s office or the applicable title insurance company to be a true and complete
copy of the original thereof submitted for recording) is delivered to the Custodian on or before the Closing Date. Neither the
Trustee nor any Custodian shall in any way be liable for any failure by any Mortgage Loan Seller or the Depositor to comply with
the delivery requirements of the related Mortgage Loan Purchase Agreement and this Section 2.01(b). If, on the Closing
Date as to any Mortgage Loan, subject to the next sentence, the applicable Mortgage Loan Seller is required to, but cannot, deliver
(in complete and recordable form or form suitable for filing or recording, if applicable) any one of the assignments in favor
of the Trustee referred to in clause (iii), clause (v) (to the extent not already assigned pursuant to
clause (iii)), clause (x) (to the extent not already assigned pursuant to clause (iii)) or
clause (ix) of the definition of “Mortgage File” solely because of the 

 

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unavailability of filing or recording
information as to any existing document or instrument, such Mortgage Loan Seller may provisionally satisfy the delivery requirements
of the related Mortgage Loan Purchase Agreement and this Section 2.01(b) with respect to such assignment by delivering
with respect to such Mortgage Loan on the Closing Date an omnibus assignment of such Mortgage Loan substantially in the form of
Exhibit H; provided that all required original assignments with respect to such Mortgage Loan (in fully complete
and recordable form or form suitable for filing or recording, if applicable) are delivered to the Custodian within one hundred-eighty
(180) days after the Closing Date (or within such longer period, not to exceed eighteen (18) months, which the Custodian shall
consent to so long as the applicable Mortgage Loan Seller is, as certified in writing to the Trustee and the Custodian no less
often than every ninety (90) days following such 180–day period after the Closing Date, attempting in good faith to obtain
from the appropriate public filing office or county recorder’s office the applicable filing or recording information as
to the related document or instrument); and provided, further, that in the case of a Non-Serviced Mortgage Loan,
the delivery of any such assignments shall be subject to clause (e) of the final proviso to the definition of “Mortgage
File” herein. If, in accordance with the related Mortgage Loan Purchase Agreement and consistent with Section 2.01(c)
of this Agreement, as to any Mortgage Loan, the related Mortgage Loan Seller or its agent is responsible for recording or
filing, as applicable, any one of the assignments in favor of the Trustee referred to in clause (iii), clause (v)
(to the extent not already assigned pursuant to clause (iii)) or clause (ix) of the definition of
“Mortgage File”, such Mortgage Loan Seller may provisionally satisfy the delivery requirements of the related Mortgage
Loan Purchase Agreement and this Section 2.01(b) with respect to such assignment by delivering to the Custodian with
respect to such Mortgage Loan on the Closing Date a copy of such assignment in the form sent for recording or filing or (except
for recording or filing information not yet available) to be sent for recording or filing; provided that an original or
copy of such assignment (with evidence of recording or filing, as applicable, indicated thereon) shall be delivered to the Custodian
as contemplated by Section 2.01(c) of this Agreement. Notwithstanding anything herein to the contrary, with respect
to letters of credit referred to in clause (xii) of the definition of “Mortgage File” and relating to
a Serviced Mortgage Loan, the applicable Mortgage Loan Seller shall deliver the original to the Master Servicer (which letter
of credit shall be titled in the name of, or assigned to, “Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, on behalf of Wells Fargo Bank, National Association, as Trustee, for the benefit of registered holders of
Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14”), and a copy to the Custodian
or, if such original has been submitted by the applicable Mortgage Loan Seller to the issuing bank to effect a reissuance, assignment
or amendment of such letter of credit (changing the beneficiary thereof to the Master Servicer (in care of the Trustee, as titled
above) that may be required in order for the Master Servicer to draw on such letter of credit on behalf of the Trust in accordance
with the applicable terms thereof and/or of the related Mortgage Loan documents or Trust Subordinate Companion Loan Documents,
as applicable) and the applicable Mortgage Loan Seller shall be deemed to have satisfied the delivery requirements of the related
Mortgage Loan Purchase Agreement and this Section 2.01(b) by delivering with respect to any letter(s) of credit a
copy thereof to the Custodian together with an officer’s certificate of the applicable Mortgage Loan Seller certifying that
such document has been delivered to the issuing bank for reissuance or an Officer’s Certificate from the Master Servicer
certifying that it holds the letter(s) of credit pursuant to this Section 2.01(b), one of which shall be delivered
to the Custodian on the

 

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Closing Date. 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 Trust in accordance with the applicable terms thereof and/or
of the related Mortgage Loan documents, the applicable Mortgage Loan Seller shall deliver the appropriate assignment or amendment
documents (or copies of such assignment or amendment documents if the related Mortgage Loan Seller has submitted the originals
to the related issuer of such letter of credit for processing) to the Custodian within thirty (30) days of the Closing Date. If
not otherwise paid by the related Mortgagor, the applicable Mortgage Loan 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 Trust
and shall cooperate with the reasonable requests of the Master Servicer 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 Trust.

 

(c)            
Pursuant to each Mortgage Loan Purchase Agreement, except in the case of a Non-Serviced Mortgage Loan, the related Mortgage Loan
Seller is required at its sole cost and expense, to itself, or to engage a third party to, put each Assignment of Mortgage, each
assignment of Assignment of Leases and each assignment of each UCC Financing Statement (collectively, the “Assignments”
and, individually, “Assignment”) relating to the Mortgage Loans and the Trust Subordinate Companion Loan conveyed
by it under the applicable Mortgage Loan Purchase Agreement in proper form for filing or recording, as applicable, and to submit
such Assignments for filing or recording, as the case may be, in the applicable public filing or recording office. On the Closing
Date, the Mortgage Loan Sellers may deliver one (1) omnibus assignment for all such Mortgage Loans and the Trust Subordinate Companion
Loan as provided in Section 2.01(b). Except under the circumstances provided for in the last sentence of this subsection (c)
and except in the case of a Non-Serviced Mortgage Loan, the related Mortgage Loan Seller will itself, or a third party at
such Mortgage Loan Seller’s expense will, promptly (and in any event within one hundred twenty (120) days after the later
of the Closing Date and the related Mortgage Loan Seller’s actual receipt of the related documents and the necessary recording
and filing information) cause to be submitted for recording or filing, as the case may be, in the appropriate public office for
real property records or UCC Financing Statements, as appropriate, each Assignment. Each such Assignment submitted for recording
shall reflect that it (or a file copy thereof in the case of a UCC Assignment) should be returned by the public recording office
to the Custodian or its designee following recording or filing (or to the related Mortgage Loan Seller or its agent who will then
be responsible for delivery of the same to the Custodian or its designee). Any such Assignment received by the Custodian shall
be promptly included in the related Mortgage File and be deemed a part thereof, and any such Assignment received by the related
Mortgage Loan Seller or its agent shall be required to be delivered to the Custodian to be included as part of the related Mortgage
File within thirty (30) days after receipt. If any such document or instrument is determined to be incomplete or not to meet the
recording or filing requirements of the jurisdiction in which it is to be recorded or filed, or is lost by the public office or
returned unrecorded or unfiled, as the case may be, because of a defect therein, on or about one hundred-eighty (180) days after
the Closing Date, the related Mortgage Loan Seller or its designee shall prepare, at its own expense, a substitute therefor or
cure such defect, as the case may be, and thereafter the related Mortgage Loan Seller or its designee shall, at the expense of
such Mortgage Loan Seller, upon receipt thereof cause the same to be duly recorded or filed, as appropriate. If, by the first
anniversary of the Closing Date, the Custodian has not

 

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received confirmation of the recording or filing as the case may be, of
any such Assignment, it shall so advise the related Mortgage Loan Seller who may then pursue such confirmation itself or request
that the Custodian pursue such confirmation at the related Mortgage Loan Seller’s expense, and upon such a request and provision
for payment of such expenses satisfactory to the Custodian, the Custodian, at the expense of the applicable Mortgage Loan Seller,
shall cause a search of the land records of each applicable jurisdiction and of the records of the offices of the applicable Secretary
of State for confirmation that the Assignment appears in such records and retain a copy of such confirmation in the related Mortgage
File. In the event that confirmation of the recording or filing of an Assignment cannot be obtained, the Custodian or the related
Mortgage Loan Seller, as applicable, shall promptly inform the other and the Custodian shall provide such Mortgage Loan Seller
with a copy of the Assignment and request the preparation of a new Assignment. The related Mortgage Loan Seller shall pay the
expenses for the preparation of replacement Assignments for any Assignments which, having been properly submitted for filing or
recording to the appropriate governmental office by the Custodian, fail to appear of record and must be resubmitted. Notwithstanding
the foregoing, there shall be no requirement to record any assignment to the Trustee referred to in clause (iii) or
(v) of the definition of “Mortgage File,” or to file any UCC-3 to the Trustee referred to in clause (ix)
of the definition of “Mortgage File,” in those jurisdictions where, in the written opinion of local counsel (which
opinion shall be an expense of the related Mortgage Loan Seller) acceptable to the Depositor and the Trustee, such recordation
and/or filing is not required to protect the Trustee’s interest in the related Mortgage Loan or Trust Subordinate Companion
Loan, against sale, further assignment, satisfaction or discharge by the related Mortgage Loan Seller, the Master Servicer, the
Special Servicer, any Sub-Servicer or the Depositor.

 

(d)        All documents and records in the Depositor’s or the applicable Mortgage Loan Seller’s possession relating to the Mortgage
Loans and the Trust Subordinate Companion Loan (including, in each case, financial statements, operating statements and any other
information provided by the respective Mortgagor from time to time, but excluding the applicable Mortgage Loan Seller’s
internal communications (including such communications between such Mortgage Loan Seller and its Affiliates) and underwriting
analysis (including documents prepared by the applicable Mortgage Loan Seller or any of its Affiliates for such purposes), draft
documents, attorney-client communications that are privileged communications or constitute legal or other due diligence analyses
and credit underwriting or due diligence analyses or data) that (i) are not required to be a part of a Mortgage File in accordance
with the definition thereof and (ii) are reasonably necessary for the servicing of each such Mortgage Loan or Trust Subordinate
Companion Loan, together with copies of all documents in each Mortgage File, shall be delivered by the Depositor or the applicable
Mortgage Loan Seller to the Master Servicer within five (5) Business Days after the Closing Date and shall be held by the Master
Servicer on behalf of the Trustee in trust for the benefit of the Certificateholders (and as holder of the Lower-Tier Regular
Interests) and, if applicable, on behalf of the related Companion Holder. Such documents and records shall be any documents and
records (with the exception of any items excluded under the immediately preceding sentence) that would otherwise be a part of
the Servicing File.

 

(e)        In connection with the Depositor’s assignment pursuant to subsection (a) above, the Depositor shall deliver
to the Trustee and the Master Servicer, on or before two (2) Business Days after the Closing Date, a fully executed original counterpart
of each of the

 

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Mortgage Loan Purchase Agreements, as in full force and effect, without amendment or modification, on the Closing
Date.

 

(f)        The Depositor shall use its reasonable best efforts to require that, promptly after the Closing Date, but in all events within
three (3) Business Days after the Closing Date, each of the Mortgage Loan Sellers shall cause all funds on deposit in escrow accounts
maintained with respect to the Mortgage Loans transferred by such Mortgage Loan Seller, whether such accounts are held in the
name of the applicable Mortgage Loan Seller or any other name, to be transferred to the Master Servicer (or a Sub-Servicer) for
deposit into Servicing Accounts.

 

(g)       With respect to the Franchise Required Mortgage Loans, the related Mortgage Loan Seller or its designee will be required to provide
any such required notice or make any such required request to the related franchisor (with a copy of such notice or request to
the Master Servicer) within forty-five (45) days of the Closing Date (or any shorter period if required by the applicable comfort
letter), and the Master Servicer shall use reasonable efforts in accordance with the Servicing Standard to acquire such replacement
comfort letter, if necessary (or to acquire any such new document or acknowledgement as may be contemplated under the existing
comfort letter).

 

(h)       Each Mortgage Loan Purchase Agreement shall provide that within sixty (60) days of the Closing Date, each Mortgage Loan Seller
shall deliver or cause to be delivered the Diligence Files for each of its Mortgage Loans to the Depositor by uploading such Diligence
Files to the Intralinks Site. Promptly upon completion of such delivery of the Diligence Files (but in no event later than sixty
(60) days after the Closing Date), the applicable Mortgage Loan Seller shall provide to the Depositor (with a copy via email to
each of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Custodian, the Directing Certificateholder,
the Asset Representations Reviewer and the Operating Advisor at the email addresses set forth in this Agreement) an officer’s
certificate to the address set forth in Section 13.05, signed by the applicable Mortgage Loan Seller certifying that
the electronic copies of the documents and information uploaded to the Intralinks Site constitute all documents and information
required under the definition of “Diligence File” (the “Diligence File Certification”), which shall
be organized and categorized in accordance with the electronic file structure reasonably agreed to by the Depositor and the related
Mortgage Loan Seller, and shall provide the Master Servicer and Special Servicer with access to the Intralinks Site.

 

(i)        Notwithstanding anything to the contrary contained in this Section 2.01 or in Section 2.02, in connection
with a Servicing Shift Whole Loan, (1) instruments of assignment to the Trustee may be in blank and need not be recorded pursuant
to this Agreement (other than the endorsements to the Note(s) evidencing the related Servicing Shift Mortgage Loan) until the
earlier of (i) the related Servicing Shift Securitization Date, in which case such instruments shall be assigned and recorded
in accordance with the related Non-Serviced PSA, (ii) 180 days following the Closing Date, and (iii) such Servicing Shift Whole
Loan becoming a Specially Serviced Loan prior to such Servicing Shift Securitization Date, in which case assignments and recordations
shall be effected in accordance with this Section 2.01 until the occurrence, if any, of such Servicing Shift Securitization
Date, (2) no letter of credit need be amended (including, without limitation, to change the beneficiary thereon) until the earlier
of (i) the related Servicing

 

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Shift Securitization Date, in which case such amendment shall be in accordance with the related Non-Serviced
PSA, (ii) 180 days following the Closing Date, and (iii) such Servicing Shift Whole Loan becoming a Specially Serviced Loan prior
to such Servicing Shift Securitization Date in which case such amendment shall be effected in accordance with the terms of this
Section 2.01, and (3) on and following such Servicing Shift Securitization Date, the Person selling the related Servicing
Shift Lead Note to the related Non-Serviced Depositor, at its own expense, shall be (a) entitled to direct in writing, which may
be conclusively relied upon by the Custodian, the Custodian to deliver the originals of all the Mortgage Loan documents relating
to such Servicing Shift Whole Loan in its possession (other than the original Note(s) evidencing such Servicing Shift Mortgage
Loan) to the related Non-Serviced Trustee or the related Non-Serviced Custodian, (b) if the right under clause (a) is exercised,
required to cause the retention by or delivery to the Custodian of photocopies of Mortgage Loan documents related to such Servicing
Shift Whole Loan so delivered to such Non-Serviced Trustee or such Non-Serviced Custodian, (c) entitled to cause the completion
(or, in the event of a recordation as contemplated by clause (1)(ii) of this paragraph, the preparation, execution and delivery)
and recordation of instruments of assignment in the name of the related Other Trustee or related Non-Serviced Custodian, (d) if
the right under clause (c) is exercised, required to deliver to the Trustee or Custodian photocopies of any instruments of assignment
so completed and recorded, and (e) entitled to require the Master Servicer to transfer, and to cooperate with all reasonable
requests in connection with the transfer of, the Servicing File, and any Escrow Payments, reserve funds and items specified in
clauses (x) and (xii) of the definition of “Mortgage File” for such Servicing Shift Whole Loan to the related Other
Servicer.

 

(j)         On the Closing Date, the Depositor shall deliver the Initial Schedule AL File in EDGAR-Compatible Format and Excel format, the
Initial Schedule AL Additional File in EDGAR-Compatible Format and Excel format and Annex A-1 to the Prospectus in EDGAR-Compatible
Format and Excel format to the Master Servicer at NoticeAdmin@midlandls.com.

  

Section 2.02      
Acceptance by Trustee. (a)  The Trustee, by the execution and delivery of this Agreement (1) acknowledges
receipt by it or a Custodian on its behalf, subject to the provisions of Section 2.01, in good faith and without notice
of any adverse claim, of the applicable documents specified in clause (i) of the definition of “Mortgage File”
with respect to each Mortgage Loan and the Trust Subordinate Companion Loan and of all other assets included in the Trust Fund
and (2) declares (a) that it or a Custodian on its behalf holds and will hold such documents and the other documents
delivered or caused to be delivered by the Mortgage Loan

 

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Sellers that constitute the Mortgage Files in the name of the Trust for
the benefit of all present and future Certificateholders, and (b) that it holds and will hold such other assets included
in the Trust Fund, in trust for the exclusive use and benefit of all present and future Certificateholders and, with respect to
any original document in the Mortgage File for a Serviced Whole Loan, for any present or future Companion Holder (and for the
benefit of the Trustee as holder of the Lower-Tier Regular Interests), as applicable. If any Mortgage Loan Seller is unable to
deliver or cause the delivery of any original Mortgage Note, such Mortgage Loan Seller may deliver a copy of such Mortgage Note,
together with a signed lost note affidavit and appropriate indemnity and shall thereby be deemed to have satisfied the document
delivery requirements of Section 2.01 and of this Section 2.02.

 

(b)        Within sixty (60) days of the Closing Date, the Custodian shall review the Mortgage Loan documents delivered or caused to be delivered
by the Mortgage Loan Sellers constituting the Mortgage Files and, promptly following such review (but in no event later than sixty
(60) days after the Closing Date), the Custodian shall, in the form attached as Exhibit Q, certify in writing to each
of the Rating Agencies, the Depositor, the Master Servicer, the Special Servicer, the Directing Certificateholder (so long as
no Consultation Termination Event shall have occurred and be continuing and only with respect to Mortgage Loans, other than any
Excluded Loan, and the Trust Subordinate Companion Loan), the Trustee, the Certificate Administrator, the Asset Representations
Reviewer, the Operating Advisor and the applicable Mortgage Loan Seller (as to each Mortgage Loan and Trust Subordinate Companion
Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan or Trust Subordinate Companion Loan paid in full)) that,
except as specifically identified in any exception report annexed to such writing (the “Custodial Exception Report”),
(i) subject to the final proviso of the definition of “Mortgage File” herein and Section 2.01 hereof,
all documents specified in clauses (i) through (v), (viii), (ix), (xi), (xii)
and (xiii) (or, with respect to clause (xii), a copy of such letter of credit and the required Officer’s
Certificate), if any, of the definition of “Mortgage File”, as applicable, are in its possession, (ii) the foregoing
documents delivered or caused to be delivered by the Mortgage Loan Sellers have been reviewed by the Custodian and appear regular
on their face and appear to be executed and to relate to such Mortgage Loan, or Trust Subordinate Companion Loan and (iii) based
on such examination and only as to the foregoing documents, the information set forth in the Mortgage Loan Schedule with respect
to the items specified in clauses (e), (f) and (h) in the definition of “Mortgage Loan Schedule”
is correct. With respect to each Mortgage Loan and Trust Subordinate Companion Loan listed on the Custodial Exception Report,
the Custodian shall specifically identify such Mortgage Loan or Trust Subordinate Companion Loan together with the nature of such
exception (in the form reasonably acceptable to the Custodian and the related Mortgage Loan Seller and separating items required
to be in the Mortgage File but never delivered from items which were delivered by the related Mortgage Loan Seller but are out
for filing or recording and have not been returned by the filing office or the recorder’s office).

 

(c)        The Custodian shall review the Mortgage Loan documents received subsequent to the Closing Date; and, on or about the first anniversary
of the Closing Date, the Custodian shall, in the form attached as Exhibit Q, certify in writing to each of the Depositor,
the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Directing Certificateholder and the
applicable Mortgage Loan Seller (as to each Mortgage Loan or Trust Subordinate Companion Loan listed on the Mortgage Loan Schedule
(other than any related

 

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Mortgage Loan or Trust Subordinate Companion Loan as to which a Liquidation Event has occurred) or any
related Mortgage Loan or Trust Subordinate Companion Loan specifically identified in any exception report annexed to such writing)
that, (i) subject to the final proviso of the definition of “Mortgage File” herein and Section 2.01
hereof, all documents specified in clauses (i) through (v), (viii), (ix), (xi), (xii)
and (xiii), if any, of the definition of “Mortgage File”, as applicable, are in its possession, (ii) the
foregoing documents delivered or caused to be delivered by the Mortgage Loan Sellers have been reviewed by the Custodian and appear
regular on their face and appear to be executed and relate to such Mortgage Loan or Trust Subordinate Companion Loan and (iii) based
on such examination and only as to the foregoing documents, the information set forth in the Mortgage Loan Schedule with respect
to the items specified in clauses (e), (f) and (h) in the definition of “Mortgage Loan Schedule”
is correct.

 

(d)        Notwithstanding anything contained in this Section 2.02 and Section 2.03(b) to the contrary, in the case
of a Material Defect in any of the documents specified in clauses (ii) through (v), (vii), (viii)
and (ix) in the definition of “Mortgage File”, which Material Defect results solely from a delay in the
return of the related documents from the applicable filing or recording office and gives rise to a repurchase or substitution
obligation on the part of the related Mortgage Loan Seller with respect to the subject Mortgage Loan pursuant to the related Mortgage
Loan Purchase Agreement, the Directing Certificateholder, in its sole judgment, may (other than with respect to any Excluded Loan
and, with respect to any other Mortgage Loan or Trust Subordinate Companion Loan, only prior to the occurrence and continuance
of a Control Termination Event), and the Special Servicer may, in accordance with the Servicing Standard, after the occurrence
and during the continuance of a Control Termination Event, permit the related Mortgage Loan Seller in lieu of repurchasing or
substituting for the related Mortgage Loan or Trust Subordinate Companion Loan, to deposit with the Master Servicer an amount,
to be held in trust in a segregated Eligible Account (which may be a sub-account of the Collection Account), equal to 25% of the
Stated Principal Balance of the related Mortgage Loan or Trust Subordinate Companion Loan (in the alternative, the related Mortgage
Loan Seller may deliver to the Master Servicer a letter of credit in such amount, with a copy to the Custodian). Such funds or
letter of credit, as applicable, shall be held by the Master Servicer (i) until the date on which the Custodian determines
and notifies the Master Servicer that such Material Defect has been cured or the related Mortgage Loan or Trust Subordinate Companion
Loan is no longer part of the Trust Fund, at which time the Master Servicer shall return such funds (or letter of credit) to the
related Mortgage Loan Seller, or (ii) until same are applied to the Purchase Price (or the Substitution Shortfall Amount,
if applicable) as set forth below in this Section 2.02(d) in the event of a repurchase or substitution by the related
Mortgage Loan Seller. Notwithstanding the two immediately preceding sentences, if the Master Servicer or the Special Servicer
certifies to the Trustee, the Certificate Administrator and the Custodian that it has determined in the exercise of its reasonable
judgment that the document with respect to which such Material Defect exists is required in connection with an imminent enforcement
of the mortgagee’s rights or remedies under the related Mortgage Loan or Trust Subordinate Companion Loan, defending any
claim asserted by any Mortgagor or third party with respect to the related Mortgage Loan, establishing the validity or priority
of any lien on collateral securing the related Mortgage Loan or Trust Subordinate Companion Loan or for any immediate significant
servicing obligation, the related Mortgage Loan Seller shall be required to repurchase or substitute for the related Mortgage
Loan or Trust Subordinate Companion Loan in accordance with, and to the extent required by, the terms and conditions of Section 2.03(b)
and Section 6 of

 

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the related Mortgage Loan Purchase Agreement; provided, however, that such Mortgage Loan
Seller shall not be required to repurchase the Mortgage Loan or Trust Subordinate Companion Loan for a period of ninety (90) days
after receipt of a notice to repurchase (together with any applicable extension period) if it is attempting to recover the document
from the applicable filing or recording office and provides an officer’s certificate setting forth what actions such Mortgage
Loan Seller is pursuing in connection with such recovery. In the event of a repurchase or substitution, upon the date of such
repurchase or substitution, and in the event that the related Mortgage Loan Seller has delivered a letter of credit to the Master
Servicer in accordance with this Section 2.02(d), the Master Servicer shall, to the extent necessary, draw on the
letter of credit and deposit the proceeds of such draw, into the Collection Account to be applied to the Purchase Price (or the
Substitution Shortfall Amount, if applicable, in which event, the amount of such funds or proceeds that exceed the Substitution
Shortfall Amount shall be returned to the related Mortgage Loan Seller) in accordance with Section 2.03(b). All such
funds deposited in the Collection Account shall be invested in Permitted Investments, at the direction and for the benefit of
the related Mortgage Loan Seller. Such funds shall be treated as an “outside reserve fund” under the REMIC Provisions,
which, together with any reimbursement from the Lower-Tier REMIC, is beneficially owned by the related Mortgage Loan Seller for
federal income tax purposes, which Mortgage Loan Seller shall remain liable for any taxes payable on income or gain with respect
thereto.

 

(e)        It is herein acknowledged that neither the Trustee nor any Custodian is under any duty or obligation (i) to determine whether
any of the documents specified in clauses (vi), (vii) and (xii) through (xviii) of the definition
of “Mortgage File” exist or are required to be delivered by the Depositor, the Mortgage Loan Sellers or any other
Person (unless identified on the Mortgage Loan Checklist) or (ii) to inspect, review or examine any of the documents, instruments,
certificates or other papers relating to the Mortgage Loans and the Trust Subordinate Companion Loan delivered to it to determine
that the same are genuine, enforceable, duly authorized, sufficient to perfect and maintain the perfection of a security interest
or appropriate for the represented purpose or that they are other than what they purport to be on their face and, with respect
to the documents specified in clause (viii) of the definition of the “Mortgage File”, whether the insurance
is effective as of the date of the recordation, whether all endorsements or riders issued are included in the file or if the policy
has not been issued whether any acceptable replacement document has been dated the date of the related Mortgage Loan or Trust
Subordinate Companion Loan funding. Further, with respect to the UCC Financing Statements referenced in the Mortgage File, absent
actual knowledge to the contrary or copies of UCC Financing Statements delivered to the Custodian as part of the Mortgage File
indicating otherwise, the Custodian may assume, for the purposes of the filings and the certification to be delivered in accordance
with this Section 2.02 that the related Mortgage File should include one state level UCC Financing Statement filing
for each Mortgaged Property (or with respect to any Mortgage Loan that has two or more Mortgagors, for each Mortgagor, except
to the extent multiple Mortgagors are named as debtors in the same UCC Financing Statement filing), or if the Custodian has received
notice that a particular UCC Financing Statement was filed as a fixture filing, that the related Mortgage File should include
only a local UCC Financing Statement filing for each Mortgaged Property (or with respect to any Mortgage Loan) that has two or
more Mortgagors, for each Mortgagor, except to the extent multiple Mortgagors are named as debtors in the same UCC Financing Statement
filing). The assignments of the UCC Financing Statements to be assigned to the Trust will be delivered on the new national forms
(or on such

 

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other form as may be acceptable for filing or recording in the applicable jurisdiction) and in a format suitable for
filing or recording, as applicable, and will be filed or recorded in the jurisdiction(s) where such UCC Financing Statements were
originally filed or recorded, as indicated in the documents provided, and in accordance with then-current laws.

 

(f)         If, in the process of reviewing the Mortgage Files or at any time thereafter, the Custodian finds any document or documents constituting
a part of a Mortgage File (1) not to have been properly executed, (2) subject to the timing requirements of Sections 2.01(b)
and 2.01(c), not to have been delivered, (3) to contain information that does not conform in any material respect
with the corresponding information set forth in the Mortgage Loan Schedule or (4) to be defective on its face (each, a “Defect”
in the related Mortgage File), the Custodian shall promptly so notify the Depositor, the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Directing Certificateholder, the applicable Mortgage Loan Seller (and in no event
later than ninety (90) days after the Closing Date and every calendar quarter thereafter until all Defects are corrected) by providing
a Custodial Exception Report setting forth for each affected Mortgage Loan or Trust Subordinate Companion Loan, with particularity,
the nature of such Defect (in a form reasonably acceptable to the Custodian and such Mortgage Loan Seller and separating items
required to be in the Mortgage File but never delivered from items which were delivered by such Mortgage Loan Seller but are out
for recording or filing and have not been returned by the recorder’s office or filing office).

 

Pursuant
to the related Mortgage Loan Purchase Agreement, each of the Mortgage Loan Sellers will be required to effect (at the expense
of the applicable Mortgage Loan Seller) the assignment and recordation of its respective Mortgage Loan documents or Trust Subordinate
Companion Loan documents until the assignment and recordation of all such Mortgage Loan documents or Trust Subordinate Companion
Loan documents has been completed.

 

(g)        If the Master Servicer or the Special Servicer (i) receives a Repurchase Request or any other request from any Person for
a Mortgage Loan Seller to repurchase a Mortgage Loan because of an alleged Defect or Breach (together with a Repurchase Request,
a “15Ga-1 Repurchase Request”) (the Master Servicer or the Special Servicer, as applicable, to the extent it
receives such 15Ga-1 Repurchase Request, the “Repurchase Request Recipient” with respect to such 15Ga-1 Repurchase
Request); or (ii) receives any withdrawal of a 15Ga-1 Repurchase Request by the Person making such 15Ga-1 Repurchase Request
or any rejection of a 15Ga-1 Repurchase Request (or such 15Ga-1 Repurchase Request is forwarded to the Master Servicer or Special
Servicer by another party hereto), then the Repurchase Request Recipient shall deliver notice (which may be by electronic format
so long as a “backup” hard copy of such notice is also delivered on or prior to the next Business Day) of such 15Ga-1
Repurchase Request or withdrawal or rejection of a 15Ga-1 Repurchase Request (each, a “15Ga-1 Notice”) to the
applicable Mortgage Loan Seller (other than in the case of a rejection by such Mortgage Loan Seller) and the Depositor, in each
case within ten (10) Business Days from such Repurchase Request Recipient’s receipt thereof.

 

Each
15Ga-1 Notice shall include (i) the identity of the related Mortgage Loan or Trust Subordinate Companion Loan, (ii) the
date the Repurchase Request is received by the Repurchase Request Recipient or the date any withdrawal of the Repurchase Request
is received by the Repurchase Request Recipient, as applicable, (iii) if known, the basis for the Repurchase

 

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Request (as
asserted in the Repurchase Request) and (iv) a statement from the Repurchase Request Recipient as to whether it currently
plans to pursue such Repurchase Request.

 

A
Repurchase Request Recipient shall not be required to provide any information in a 15Ga-1 Notice protected by the attorney-client
privilege or attorney work product doctrines. The Mortgage Loan Purchase Agreements will provide that (i) any 15Ga-1 Notice
provided pursuant to this Section 2.02(g) is so provided only to assist the Mortgage Loan Sellers and Depositor or
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 Repurchase Request
Recipient and (B) no information provided pursuant to this Section 2.02(g) by a Repurchase Request Recipient,
shall be deemed to constitute a waiver or defense to the exercise of any legal right the Repurchase Request Recipient may have
with respect to the related Mortgage Loan Purchase Agreement, including with respect to any Repurchase Request that is the subject
of a 15Ga-1 Notice.

 

In
the event that the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer
or the Custodian receives a Repurchase Request, such party shall promptly forward or otherwise provide written notice of such
Repurchase Request to the Master Servicer, if relating to a Non-Specially Serviced Loan, or to the Special Servicer, if relating
to a Specially Serviced Loan or REO Property, and include the following statement in the related correspondence: “This is
a ‘Repurchase Request’ under Section 2.02 of the Pooling and Servicing Agreement relating to the Benchmark
2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 requiring action by you as the ‘Repurchase
Request Recipient’ thereunder.” Upon receipt of such Repurchase Request by the Master Servicer or the Special Servicer,
as applicable, such party shall be deemed to be the Repurchase Request Recipient in respect of such Repurchase Request, and such
party shall comply with the procedures set forth in this Section 2.02(g) with respect to such Repurchase Request.
In no event shall the Custodian, by virtue of this provision, be required to provide any notice other than as set forth in Section 2.02
of this Agreement in connection with its review of the Mortgage File.

 

If
the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer or the Custodian
receives notice or has knowledge of a withdrawal or a rejection of a Repurchase Request of which notice has been previously received
or given, and such notice was not received from or copied to the Master Servicer or the Special Servicer, then such party shall
give notice of such withdrawal or rejection to the Master Servicer or the Special Servicer, as applicable. Any such notice received
by the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer or the Custodian shall
also be provided to the Depositor and, in the case of a withdrawal notice, to the applicable Mortgage Loan Seller.

 

In
the event that a Mortgage Loan or Trust Subordinate Companion Loan is repurchased or replaced pursuant to Section 2.03
of this Agreement, the Master Servicer (with respect to Non-Specially Serviced Loans) or Special Servicer (with respect to
Specially Serviced Loans) shall promptly notify the Depositor of such repurchase or replacement.

 

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Section 2.03      
Representations, Warranties and Covenants of the Depositor; Mortgage Loan Sellers’ Repurchase or Substitution of Mortgage
Loans and the Trust Subordinate Companion Loan for Defects in Mortgage Files and Breaches of Representations and Warranties.
(a)  The Depositor hereby represents and warrants that:

 

(i)       The Depositor is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware,
and the Depositor has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement
by it, and has the power and authority to execute, deliver and perform this Agreement and all the transactions contemplated hereby,
including, but not limited to, the power and authority to sell, assign and transfer the Mortgage Loans and the Trust Subordinate
Companion Loan in accordance with this Agreement;

 

(ii)      Assuming the due authorization, execution and delivery of this Agreement by each other party hereto, this Agreement and all of
the obligations of the Depositor hereunder are the legal, valid and binding obligations of the Depositor, enforceable against
the Depositor in accordance with the terms of this Agreement, except as such enforcement may be limited by bankruptcy, insolvency,
reorganization 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 and the performance of its obligations hereunder by the Depositor will not conflict
with any provisions of any law or regulations to which the Depositor is subject, or conflict with, result in a breach of or constitute
a default under any of the terms, conditions or provisions of the certificate of incorporation or the by-laws of the Depositor
or any indenture, agreement or instrument to which the Depositor is a party or by which it is bound, or any order or decree applicable
to the Depositor, or result in the creation or imposition of any lien on any of the Depositor’s assets or property, which
would materially and adversely affect the ability of the Depositor to carry out the transactions contemplated by this Agreement;
the Depositor has obtained any consent, approval, authorization or order of any court or governmental agency or body required
for the execution, delivery and performance by the Depositor of this Agreement;

 

(iv)     There is no action, suit or proceeding pending or, to the Depositor’s knowledge, threatened against the Depositor 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 and the Trust Subordinate Companion Loan or the ability of the Depositor to carry out the transactions contemplated
by this Agreement; and

 

(v)      The Depositor is the lawful owner of the Mortgage Loans and the Trust Subordinate Companion Loan with the full right to transfer
the Mortgage Loans and the Trust Subordinate Companion Loan to the Trust, and the Mortgage Loans and the Trust Subordinate Companion
Loan have been validly transferred to the Trust.

 

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(b)        After its receipt of a Repurchase Request, the Master Servicer (if the related Mortgage Loan is a Non-Specially Serviced Loan)
or the Special Servicer (if the related Mortgage Loan is a Specially Serviced Loan), as applicable, shall request in writing that
the applicable Mortgage Loan Seller, not later than ninety (90) days following the earlier of (i) such Mortgage Loan Seller’s
discovery of any Material Defect, (ii) such Mortgage Loan Seller’s receipt of notice of any Material Defect from any
party to this Agreement or (iii) in the case of a Material Defect relating to a Mortgage Loan or Trust Subordinate Companion
Loan not being a Qualified Mortgage, the earlier of (x) the discovery of any Material Defect by any party to this Agreement
or (y) receipt of a notice of any Material Defect by the applicable Mortgage Loan Seller (such 90-day period, the “Initial
Cure Period”), (A) cure such Material Defect in all material respects, at such Mortgage Loan Seller’s own
expense, including reimbursement of any related reasonable additional expenses of the Trust reasonably incurred by any party to
this Agreement, (B) repurchase the affected Mortgage Loan, Trust Subordinate Companion Loan or REO Loan (excluding any related Serviced Companion
Loan, if applicable), at the applicable Purchase Price and in conformity with the applicable Mortgage Loan Purchase Agreement
and this Agreement or (C) substitute a Qualified Substitute Mortgage Loan (other than with respect to the Whole Loans, for
which no substitution will be permitted) for such affected Mortgage Loan, Trust Subordinate Companion Loan or REO Loan (excluding any related Serviced
Companion Loan, if applicable) (provided that in no event shall any such substitution occur on or after 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 and in conformity with the applicable Mortgage Loan Purchase Agreement and this Agreement; provided,
that the related Mortgage Loan Seller shall not purchase the Trust Subordinate Companion Loan without repurchasing the related
225 Bush Mortgage Loan; provided, however, that except with respect to a Material Defect resulting solely from the
failure by the Mortgage Loan Seller to deliver to the Trustee or Custodian the actual policy of lender’s title insurance
required pursuant to clause (viii) of the definition of “Mortgage File” by a date not later than eighteen
(18) months following the Closing Date, if such Material Defect is capable of being cured but is not cured within the Initial
Cure Period, and the applicable Mortgage Loan Seller has commenced and is diligently proceeding with the cure of such Material
Defect within the Initial Cure Period, the applicable Mortgage Loan Seller shall have an additional ninety (90) days commencing
immediately upon the expiration of the Initial Cure Period (such additional ninety (90) day period, the “Extended Cure
Period”) to complete such cure (or, failing such cure, to repurchase the related Mortgage Loan, Trust Subordinate Companion
Loan or REO Loan (or substitute a Qualified Substitute Mortgage Loan (other than with respect
to the Whole Loans, for which no substitution will be permitted)) and provided, further, that with respect to such
Extended Cure Period the applicable Mortgage Loan Seller shall have delivered an officer’s certificate to the Trustee, the
Certificate Administrator (who shall promptly deliver a copy of such officer’s certificate to the 17g-5 Information Provider),
the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer and (with respect to any
Mortgage Loan or Trust Subordinate Companion Loan other than an Excluded Loan, prior to the occurrence of a Consultation Termination
Event) the Directing Certificateholder, setting forth the reason such

 

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Material Defect is not capable of being cured within the
Initial Cure Period and what actions the applicable Mortgage Loan Seller is pursuing in connection with the cure thereof and stating
that the applicable Mortgage Loan Seller anticipates that such Material Defect will be cured within the Extended Cure Period.
Notwithstanding the foregoing, any Defect or Breach which causes any Mortgage Loan or the Trust Subordinate Companion Loan not
to be a Qualified Mortgage shall be deemed to materially and adversely affect the interests of Certificateholders therein, and
(subject to the applicable Mortgage Loan Seller’s right to cure such Defect or Breach during the Initial Cure Period) such
Mortgage Loan or Trust Subordinate Companion Loan shall be repurchased or substituted for without regard to the Extended Cure
Period described in the preceding sentence. If the affected Mortgage Loan or Trust Subordinate Companion Loan is to be repurchased,
the funds in the amount of the Purchase Price remitted by the applicable Mortgage Loan Seller are to be remitted by wire transfer to the Master Servicer
for deposit into the Collection Account.

 

If
a Mortgage Loan Seller, in connection with a Material Defect (or an allegation of a Material Defect) pertaining to a Mortgage
Loan or Trust Subordinate Companion Loan, makes a cash payment pursuant to an agreement or a settlement between the applicable
Mortgage Loan Seller and the Master Servicer (in the case of Non-Specially Serviced Loans) or the Special Servicer (in the case
of Specially Serviced Loans) on behalf of the Trust (and in each case, with respect to any Mortgage Loan or Trust Subordinate
Companion Loan other than an Excluded Loan or a Servicing Shift Mortgage Loan, with the consent of the Directing Certificateholder
if no Control Termination Event has occurred and is continuing) (each such payment, a “Loss of Value Payment”)
with respect to such Mortgage Loan or Trust Subordinate Companion Loan, the amount of such Loss of Value Payment shall be deposited
into the Loss of Value Reserve Fund to be applied in accordance with Section 3.05(g) of this Agreement. The Special
Servicer shall determine the amount of any applicable Loss of Value Payment (with the consent of the Directing Certificateholder
in respect of any Mortgage Loan or Trust Subordinate Companion Loan that is not an Excluded Loan and for so long as no Control
Termination Event has occurred and is continuing) and, in the case of any PSA Party Repurchase Request with respect to Non-Specially
Serviced Loans prior to the occurrence of a Resolution Failure, shall communicate such amount to the Master Servicer for its enforcement
action with the applicable Mortgage Loan Seller. In connection with any such determination with respect to any Non-Specially Serviced
Loan, the Master Servicer shall promptly provide the Special Servicer, but in any event within the time frame and in the manner
provided in Section 3.19, with the Servicing File and all information, documents and records (including records stored
electronically on computer tapes, magnetic discs and the like) relating to such Non-Specially Serviced Loan and, if applicable,
the related Serviced Companion Loan(s), either in the Master Servicer’s possession or otherwise reasonably available to
the Master Servicer, and reasonably requested by the Special Servicer to the extent set forth in Section 3.19 in order
to permit the Special Servicer to calculate the Loss of Value Payment as set forth in this Section 2.03(b). 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 and reimbursable expenses of the Asset Representations Reviewer attributable to the Asset
Review of such Mortgage Loan. If such Loss of Value Payment is made, the Loss of Value Payment shall serve as the sole remedy
available to the Certificateholders and the Trustee on their behalf regarding any such Material Defect in lieu of any obligation
of the Mortgage Loan Seller to otherwise cure such Material Defect or repurchase

 

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 or substitute for the affected Mortgage Loan
or Trust Subordinate Companion Loan based on such Material Defect under any circumstances. This paragraph is intended to apply
only to a mutual agreement or settlement between the applicable Mortgage Loan Seller and the Master Servicer or the Special Servicer,
as applicable, on behalf of the Trust, provided that (i) prior to any such agreement or settlement, nothing in this
paragraph shall preclude the Mortgage Loan Seller or the Master Servicer or the Special Servicer, as applicable, from exercising
any of its rights related to a Material Defect in the manner and timing set forth in the related Mortgage Loan Purchase Agreement
or this Section 2.03 (excluding this paragraph) (including any right to cure, repurchase or substitute for such Mortgage
Loan or Trust Subordinate Companion Loan); (ii) such Loss of Value Payment shall not be greater than the Purchase Price of
the affected Mortgage Loan or Trust Subordinate Companion Loan; and (iii) a Material Defect as a result of a Mortgage Loan
or Trust Subordinate Companion Loan not constituting a Qualified Mortgage may not be cured by a Loss of Value Payment.

 

With
respect to any Non-Serviced Mortgage Loan, if a “material document defect” under, and as such term or any analogous
term is defined in, the related Non-Serviced PSA exists with respect to the related Non-Serviced Companion Loan, and if the applicable
Mortgage Loan Seller (or other responsibly party) repurchases the Non-Serviced Companion Loan from the related Non-Serviced Trust,
then the related Mortgage Loan Seller shall promptly repurchase such Non-Serviced Mortgage Loan at the applicable Purchase Price;
provided, however, that the foregoing shall not apply to any “material document defect” related to the
promissory note for the related Non-Serviced Companion Loan.

 

If
any Breach pertains to a representation or warranty that the related Mortgage Loan or Trust Subordinate Companion Loan documents
or any particular Mortgage Loan or Trust Subordinate Companion Loan document requires the related Mortgagor to bear the costs
and expenses associated with any particular action or matter under such Mortgage Loan or Trust Subordinate Companion Loan document(s),
then the related Mortgage Loan Seller may cure such Breach within the applicable cure period (as the same may be extended) by
reimbursing the Trust (by wire transfer of immediately available funds) for (i) the reasonable amount of any such costs and
expenses incurred by the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the Trust that are
incurred as a result of such Breach and have not been reimbursed by the related Mortgagor and (ii) the amount of any fees
and reimbursable expenses of the Asset Representations Reviewer attributable to the Asset Review of such Mortgage Loan or Trust
Subordinate Companion Loan; provided, however, in the event any such costs and expenses exceed $10,000, the related
Mortgage Loan Seller shall have the option to either repurchase or substitute for the related Mortgage Loan or Trust Subordinate
Companion Loan as provided above or pay such costs and expenses. Except as provided in the proviso to the immediately preceding
sentence, the related Mortgage Loan Seller shall remit the amount of such costs and expenses and upon its making such remittance,
the related Mortgage Loan Seller shall be deemed to have cured such Breach in all respects. To the extent any fees or expenses
that are the subject of a cure by the related Mortgage Loan Seller are subsequently obtained from the related Mortgagor, the portion
of the cure payment made by the related Mortgage Loan Seller equal to such fees or expenses obtained from the related

 

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Mortgagor shall promptly be returned to the related Mortgage Loan Seller.
Periodic Payments due with respect to each Qualified Substitute Mortgage Loan (if any) after the related Due Date in the month
of substitution, and Periodic Payments due with respect to each Mortgage Loan or Trust Subordinate Companion 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. Periodic 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 Periodic
Payments due with respect to each Mortgage Loan or Trust Subordinate Companion 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 are to be remitted by the Master Servicer (or by the Special Servicer to the Master Servicer
who shall then remit such funds) to the applicable Mortgage Loan Seller effecting the related repurchase or substitution promptly
following receipt. Notwithstanding anything contained in this Agreement or the related Mortgage Loan Purchase Agreement, no delay
in the discovery of a Material Defect shall relieve the applicable Mortgage Loan Seller of its obligation to repurchase if it
is otherwise required to do so under the related Mortgage Loan Purchase Agreement and/or this Article II unless (i) the
related Mortgage Loan Seller did not otherwise discover or have knowledge of such Material Defect, (ii) such delay is a result
of the failure by a party to the applicable Mortgage Loan Purchase Agreement, or this Agreement, to provide prompt notice as required
by the terms of the applicable Mortgage Loan Purchase Agreement, or this Agreement, after such party has actual knowledge of such
Material Defect (knowledge shall not be deemed to exist by reason of the Custodial Exception Report), (iii) such Material Defect
does not relate to the applicable Mortgage Loan or Trust Subordinate Companion Loan not being a Qualified Mortgage, and (iv) such
delay or failure to provide notice precludes such Mortgage Loan Seller from curing such Material Defect. Notwithstanding the foregoing,
if a Mortgage Loan or Trust Subordinate Companion Loan is not secured by a Mortgaged Property that is, in whole or in part, a
hotel, restaurant (operated by a Mortgagor), healthcare facility, nursing home, assisted living facility, self-storage facility,
theater or fitness center (operated by a borrower), then the failure to deliver copies of the UCC Financing Statements with respect
to such Mortgage Loan or Trust Subordinate Companion Loan shall not be a Material Defect.

 

Pursuant
to each Mortgage Loan Purchase Agreement, if there is a Material Defect with respect to one or more Mortgaged Properties with
respect to a Mortgage Loan or Trust Subordinate Companion Loan, the related Mortgage Loan Seller shall not be obligated to repurchase
the Mortgage Loan or Trust Subordinate Companion Loan if (i) the affected Mortgaged Property may be released pursuant to the terms of any partial
release provisions in the related Mortgage Loan or Trust Subordinate Companion Loan documents (and such Mortgaged Property is,
in fact, released), (ii) the remaining Mortgaged Property(ies) satisfy the requirements, if any, set forth in the Mortgage Loan
or Trust Subordinate Companion Loan documents and the related Mortgage Loan Seller provides an Opinion of Counsel to the effect
that such release in lieu of repurchase would not cause an Adverse REMIC Event and (iii) each applicable Rating Agency has provided
a Rating Agency Confirmation.

 

(c)        Subject to the applicable Mortgage Loan Seller’s right to cure as contemplated above in this Section 2.03, and
further subject to Section 2.01(b) and 

 

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Section 2.01(c), any of the following shall cause a document in
the Mortgage File to be deemed to have a “Defect” that constitutes a Material Defect: (a) the absence from the
Mortgage File of the original signed Mortgage Note, unless the Mortgage File contains a signed lost note affidavit and indemnity
with a copy of the Mortgage Note that appears to be regular on its face; (b) the absence from the Mortgage File of the original
signed Mortgage that appears to be regular on its face, unless there is included in the Mortgage File either a copy of the Mortgage
with evidence of recording thereon or a copy of the Mortgage and a certificate from the related Mortgage Loan Seller stating that
the original signed Mortgage was sent for recordation; (c) the absence from the Mortgage File of the item called for by clause (viii)
of the definition of “Mortgage File”; (d) the absence from the Mortgage File of any intervening assignments
required to create a complete chain of assignments to the Trustee on behalf of the Trust, unless there is included in the Mortgage
File either a copy of the assignment with evidence of recording thereon or a copy of the intervening assignment and a certificate
from the related Mortgage Loan Seller stating that the original intervening assignments were sent for filing or recordation, as
applicable; (e) the absence from the Mortgage File of any required letter of credit (except as permitted under Section 2.01(b));
or (f) with respect to any related leasehold Mortgage Loan or Trust Subordinate Companion Loan, the absence from the related
Mortgage File of a copy (or an original, if available) of the related Ground Lease; provided, however, that no Defect
(except the Defects previously described in subclauses (a) through (f) of this Section 2.03(c))
shall be considered to materially and adversely affect the value of the related Mortgage Loan or Trust Subordinate Companion Loan,
the value of the related Mortgaged Property or the interests of the Trustee or Certificateholders unless the document with respect
to which the Defect exists is required in connection with an imminent enforcement of the mortgagee’s rights or remedies
under the related Mortgage Loan or Trust Subordinate Companion Loan, defending any claim asserted by any Mortgagor or third party
with respect to the related Mortgage Loan or Trust Subordinate Companion Loan, establishing the validity or priority of any lien
on any collateral securing the related Mortgage Loan or Trust Subordinate Companion Loan or for any immediate significant servicing
obligation; provided, further, that no Defect relating to any Non-Serviced Mortgage Loan previously described in
subclauses (b) through (f) of this Section 2.03(c) shall be considered to materially and adversely
affect the value of such Mortgage Loan or Trust Subordinate Companion Loan, the value of the related Mortgaged Property or the
interests of the Trustee or Certificateholders unless the related Mortgage Loan Seller, after receipt of notice of such Defect,
fails to produce a copy of the document with respect to which the Defect exists within a reasonable period after receiving such
notice or otherwise establish that the original or copy, as applicable, of such document has been delivered, in compliance with
the terms of the related Non-Serviced PSA, to the custodian under the related Non-Serviced PSA. Notwithstanding the foregoing,
the delivery of executed escrow instructions or a binding commitment to issue a lender’s title insurance policy, as provided
in clause (viii) of the definition of “Mortgage File” herein, in lieu of the delivery of the actual policy
of lender’s title insurance, shall not be considered a Material Defect with respect to any Mortgage File if such actual
policy is delivered to the Custodian not later than eighteen (18) months following the Closing Date. Notwithstanding the foregoing,
to the extent a Mortgage Loan Seller has otherwise complied with its document delivery requirements under this Agreement and the
related Mortgage Loan Purchase Agreement, in the event that the Custodian has acknowledged receipt pursuant to Section 2.02
above of a document that is part of the Mortgage File or a Mortgage Loan Seller can otherwise prove delivery of the document,
and the Custodian subsequently loses a document,

 

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the fact that such document is lost may not be utilized as the basis for a claim
of a Material Defect against a Mortgage Loan Seller pursuant to Section 6(e) of the related Mortgage Loan Purchase Agreement
and/or this Section 2.03 and the Custodian shall be liable for any such loss to the extent provided for in Section 8.01
hereof.

 

(d)        In connection with any repurchase of, or substitution of a Qualified Substitute Mortgage Loan for a Mortgage Loan or Trust Subordinate
Companion Loan contemplated by this Section 2.03, the Trustee, the Certificate Administrator, the Custodian, the Master
Servicer and the Special Servicer shall each tender to the applicable Mortgage Loan Seller, upon delivery to each of the Trustee,
the Certificate Administrator, the Custodian, the Master Servicer and the Special Servicer of a trust receipt executed by the
applicable Mortgage Loan Seller evidencing such repurchase or substitution, all portions of the Mortgage File and other documents
pertaining to such Mortgage Loan or Trust Subordinate Companion Loan possessed by each of the Trustee, the Certificate Administrator,
the Custodian, the Master Servicer and the Special Servicer (other than attorney-client communications that are privileged communications),
and each document that constitutes a part of the Mortgage File that was endorsed or assigned to the Trustee shall be endorsed
or assigned, as the case may be, to the applicable Mortgage Loan Seller in the same manner as provided in Section 6 of the
related Mortgage Loan Purchase Agreement and, if applicable, the definition of “Mortgage File” herein, so as to vest
in such Mortgage Loan Seller the legal and beneficial ownership of such repurchased or substituted Mortgage Loan or Trust Subordinate
Companion Loan (including property acquired in respect thereof and proceeds of any insurance policy with respect thereto) and
the related Mortgage Loan or Trust Subordinate Companion Loan documents.

 

(e)        Section 6(e) of each of the Mortgage Loan Purchase Agreements provides the sole remedy available to the Certificateholders
(subject to the limitations on the rights of the Certificateholders under this Agreement), or the Trustee on behalf of the Certificateholders,
the Master Servicer or the Special Servicer with respect to any Material Defect.

 

(f)         The Enforcing Servicer shall, for the benefit of the Certificateholders and the Trustee (as holder of the Lower-Tier Regular Interests),
enforce the obligations of the applicable Mortgage Loan Seller under the applicable Mortgage Loan Purchase Agreement. Such enforcement,
including, without limitation, the legal prosecution of claims, if any, shall be carried out in accordance with the Servicing
Standard. Any costs incurred by the Enforcing Servicer with respect to the enforcement of the obligations of the applicable Mortgage
Loan Seller under the applicable Mortgage Loan Purchase Agreement shall, to the extent not recovered from the applicable Mortgage
Loan Seller, be deemed to be Servicing Advances to the extent not otherwise provided for herein. The Enforcing Servicer shall
be reimbursed for the reasonable costs of such enforcement: first, from a specific recovery, if any, of costs, expenses
or attorneys’ fees against the applicable Mortgage Loan Seller; second, pursuant to Section 3.05(a)(vii)
herein out of the related Purchase Price, to the extent that such expenses are a specific component thereof; and third,
if at the conclusion of such enforcement action it is determined that the amounts described in clauses first and second
are insufficient, then pursuant to Section 3.05(a)(viii) herein out of general collections on the Mortgage Loans
on deposit in the Collection Account. Any costs, expenses or attorneys’ fees related to a repurchase of a Companion Loan
shall be paid pursuant to the related Intercreditor Agreement or pursuant to the documents related to an Other Securitization,
if applicable.

 

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(g)        If a Mortgage Loan Seller incurs any expense in connection with the curing of a Breach that constitutes a Material Defect, which
also constitutes a default under the related Mortgage Loan or Trust Subordinate Companion Loan and is reimbursable thereunder,
such Mortgage Loan Seller shall have a right, and shall be subrogated to the rights of the Trustee and the Trust under the Mortgage
Loan or Trust Subordinate Companion Loan to recover the amount of such expenses from the related Mortgagor; provided, however,
that such Mortgage Loan Seller’s rights pursuant to this Section 2.03(g) shall be junior, subject and subordinate
to the rights of the Trustee, the Certificate Administrator, the Trust, the Master Servicer and the Special Servicer to recover
amounts owed by the related Mortgagor under the terms of such Mortgage Loan or Trust Subordinate Companion Loan including, without
limitation, the rights to recover unreimbursed Advances, accrued and unpaid interest on Advances at the Reimbursement Rate, fees
owed to the Special Servicer, and unpaid or unreimbursed expenses of the Trustee, the Certificate Administrator, the Trust, the
Master Servicer or the Special Servicer allocable to such Mortgage Loan or Trust Subordinate Companion Loan. The Master Servicer
or, with respect to a Specially Serviced Loan, the Special Servicer, shall use reasonable efforts to recover such expenses for
such Mortgage Loan Seller to the extent consistent with the Servicing Standard, but taking into account the subordinate nature
of the reimbursement to the related Mortgage Loan Seller; provided, however, that the Master Servicer or, with respect
to a Specially Serviced Loan, the Special Servicer, determines in the exercise of its sole discretion consistent with the Servicing
Standard that such actions by it will not impair the Master Servicer’s and/or the Special Servicer’s collection or
recovery of principal, interest and other sums due with respect to the related Mortgage Loan or Trust Subordinate Companion Loan
that would otherwise be payable to the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator and the
Certificateholders pursuant to the terms of this Agreement; provided, further, that the Master Servicer or, with
respect to a Specially Serviced Loan, the Special Servicer, may waive the collection of amounts due on behalf of such Mortgage
Loan Seller in its sole discretion in accordance with the Servicing Standard.

 

(h)        If (i) any Crossed Underlying Loan is required to be repurchased or substituted for in the manner described in this Section 2.03
and (ii) the applicable Material Defect does not constitute a Material Defect as to any other Crossed Underlying Loan
in the related Crossed Mortgage Loan Group (without regard to this paragraph), then the applicable Material Defect shall be deemed
to constitute a Material Defect as to any other Crossed Underlying Loan in the related Crossed Mortgage Loan Group for purposes
of this paragraph, and the related Mortgage Loan Seller will be required to repurchase or substitute for such other Crossed Underlying
Loan(s) in the related Crossed Mortgage Loan Group as provided in Section 2.03(b) unless such other Crossed Underlying
Loans satisfy the Crossed Underlying Loan Repurchase Criteria. In the event that the remaining Crossed Underlying Loans in such
Crossed Mortgage Loan Group satisfy the aforementioned criteria, the applicable Mortgage Loan Seller may elect either to repurchase
or substitute for only the affected Crossed Underlying Loan(s) as to which the related Material Defect exists or to repurchase
or substitute for all of the Crossed Underlying Loans in the related Crossed Mortgage Loan Group. Any reserve or other cash collateral
or letters of credit securing the Crossed Underlying Loans shall be allocated among the related Crossed Underlying Loans in accordance
with the related Mortgage Loan documents or otherwise on a pro rata basis based upon their outstanding Stated Principal
Balances. Except as provided in this Section 2.03(h) and Section 2.03(i), all other terms of the related
Mortgage Loans shall remain in full force and effect without any modification thereof.

 

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(i)        Notwithstanding the foregoing, if the related Mortgage provides for the partial release of one or more of the Crossed Underlying
Loans, the Depositor may cause the related Mortgage Loan Seller to repurchase only that Crossed Underlying Loan required to be
repurchased pursuant to this Section 2.03, pursuant to the partial release provisions of the related Mortgage; provided,
however, that (i) the remaining related Crossed Underlying Loan(s) fully comply with the terms and conditions of the
related Mortgage, this Agreement and the related Mortgage Loan Purchase Agreement, including the Crossed Underlying Loan Repurchase
Criteria, (ii) in connection with such partial release, the related Mortgage Loan Seller obtains an Opinion of Counsel (at
such Mortgage Loan Seller’s expense) to the effect that the contemplated action will not cause an Adverse REMIC Event and
(iii) in connection with such partial release, the related Mortgage Loan Seller delivers or causes to be delivered to the
Custodian original modifications to the Mortgage prepared and executed in connection with such partial release.

 

(j)        With respect to any Crossed Underlying Loan, to the extent that the applicable Mortgage Loan Seller is required to repurchase
or substitute for such Crossed Underlying Loan in the manner prescribed in Section 2.03(h) or Section 2.03(i)
while the Trustee continues to hold any other Crossed Underlying Loans in the related Crossed Mortgage Loan Group, the applicable
Mortgage Loan Seller and the Master Servicer or, with respect to a Specially Serviced Loan, the Special Servicer, on behalf of
the Trustee, as assignee of the Depositor, will, as set forth in the related Mortgage Loan Purchase Agreement, forbear from enforcing
any remedies against the other’s Primary Collateral but each will be permitted to exercise remedies against the Primary
Collateral securing its respective related Mortgage Loans, including with respect to the Trustee, the Primary Collateral securing
the Mortgage Loans still held by the Trustee, so long as such exercise does not materially impair the ability of the other party
to exercise its remedies against its Primary Collateral. If the exercise of the remedies by one party would materially impair
the ability of the other party to exercise its remedies with respect to the Primary Collateral securing the Crossed Underlying
Loans held by such party, then both parties have agreed in the related Mortgage Loan Purchase Agreement to forbear from exercising
such remedies until the Mortgage Loan documents evidencing and securing the relevant Mortgage Loan can be modified in a manner
that complies with the related Mortgage Loan Purchase Agreement to remove the threat of material impairment as a result of the
exercise of remedies.

 

(k)       (i)  In the event an Initial Requesting Certificateholder delivers a written request to the Depositor, the Master Servicer,
the Special Servicer, the Trustee, the Certificate Administrator or the Operating Advisor (solely in its capacity as Operating
Advisor) that a Mortgage Loan or Trust Subordinate Companion Loan be repurchased by the applicable Mortgage Loan Seller alleging
the existence of a Material Defect with respect to such Mortgage Loan or Trust Subordinate Companion Loan and setting forth the
basis for such allegation (a “Certificateholder Repurchase Request”), such party shall promptly forward that
Certificateholder Repurchase Request to the Master Servicer and the Special Servicer. The Master Servicer or the Special Servicer,
as applicable, shall then promptly forward it to the related Mortgage Loan Seller and each other party to this Agreement and take
the actions required under Section 2.03(b). Subject to Section 2.03(l), the Enforcing Servicer shall be
the Enforcing Party with respect to a Certificateholder Repurchase Request.

 

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(ii)        In the event that the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or the
Operating Advisor (solely in its capacity as Operating Advisor) obtains knowledge of a Material Defect with respect to a Mortgage
Loan or Trust Subordinate Companion Loan, that party shall deliver prompt written notice of such Material Defect to each other
party to this Agreement identifying the applicable Mortgage Loan or Trust Subordinate Companion Loan and setting forth the basis
for such allegation (an “PSA Party Repurchase Request” and, either a Certificateholder Repurchase Request or
a PSA Party Repurchase Request, the “Repurchase Request”) and the Enforcing Servicer will be required to promptly
send the PSA Party Repurchase Request to the related Mortgage Loan Seller. Prior to the occurrence of a Resolution Failure, the
Enforcing Servicer shall act as the Enforcing Party and enforce the rights of the Trust against the related Mortgage Loan Seller
with respect to a PSA Party Repurchase Request. If a Resolution Failure occurs with respect to a PSA Party Repurchase Request,
the provisions described below under Section 2.03(l) shall apply.

 

(iii)       In the event the Repurchase Request is not Resolved within 180 days after the Mortgage Loan Seller receives the Repurchase Request
(a “Resolution Failure”), then the provisions described in Section 2.03(l) below shall apply.
Receipt of the Repurchase Request shall be deemed to occur two (2) Business Days after the Repurchase Request is sent to the
related Mortgage Loan Seller.

 

(l)         (i)  Within two (2) Business Days after a Resolution Failure occurs with respect to a PSA Party Repurchase Request made
by any party other than the Special Servicer or a Certificateholder Repurchase Request made by any Certificateholder other than
the Directing Certificateholder or a Controlling Class Certificateholder, in each case, related to a Non-Specially Serviced Loan,
the Master Servicer shall send a written notice (a “Master Servicer Proposed Course of Action Notice”) to the
Special Servicer, indicating the Master Servicer’s analysis and recommended course of action with respect to such PSA Party
Repurchase Request. The Master Servicer will also be required to deliver to the Special Servicer the Servicing File and all information,
documents and records (including records stored electronically on computer tapes, magnetic discs and the like) relating to such
Non-Specially Serviced Loan and, if applicable, the related Serviced Companion Loan(s), either in the Master Servicer’s
possession or otherwise reasonably available to the Master Servicer, and reasonably requested by the Special Servicer to the extent
set forth in Section 3.19. Upon receipt of such Master Servicer Proposed Course of Action Notice and such Servicing
File and other material, the Special Servicer shall become the Enforcing Servicer with respect to such PSA Party Repurchase Request.

 

After
a Resolution Failure occurs with respect to a Repurchase Request regarding a Mortgage Loan or Trust Subordinate Companion Loan
(whether the Repurchase Request was initiated by an Initial Requesting Certificateholder or by a party to this Agreement), the
Enforcing Servicer shall send a notice (a “Proposed Course of Action Notice”) to the Initial Requesting Certificateholder,
if any, at the address specified in the Initial Requesting Certificateholder’s Repurchase Request, and to the Certificate
Administrator. The Certificate Administrator will be required to make the Proposed Course of Action Notice available to all other
Certificateholders and Certificate Owners

 

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(by posting such notice on the Certificate Administrator’s Website) indicating
the Enforcing Servicer’s intended course of action with respect to the Repurchase Request (the “Proposed Course
of Action”). If the Master Servicer is the Enforcing Servicer, the Master Servicer may (but shall not be obligated to)
consult with the Special Servicer and (for so long as no Consultation Termination Event has occurred) the Directing Certificateholder
regarding any Proposed Course of Action.

 

Such
Proposed Course of Action Notice shall include:

 

(a)       a
request to Certificateholders to indicate their agreement with or dissent from such Proposed Course of Action, by clearly marking
“agree” or “disagree” to the Proposed Course of Action on such notice within thirty (30) days of the date
after such notice and a disclaimer that responses received after such 30-day period will not be taken into consideration,

 

(b)       a
statement that in the event any Certificateholder disagrees with the Proposed Course of Action, the Enforcing Servicer shall be
compelled to follow (either as the Enforcing Party or as the Enforcing Servicer in circumstances where a Certificateholder is
acting as the Enforcing Party) the course of action agreed to and/or proposed by the majority of the responding Certificateholders
that involves referring the matter to mediation or arbitration, as the case may be, in accordance with the procedures described
below relating to the delivery of Preliminary Dispute Resolution Election Notices and Final Dispute Resolution Notices,

 

(c)       a
statement that the responding Certificateholders will be required to certify their holdings in connection with such response,

 

(d)       a
statement that only responses clearly marked “agree” or “disagree” with such Proposed Course of Action
will be taken into consideration and

 

(e)       instructions
for the responding Certificateholders to send their responses to the applicable Enforcing Servicer and the Certificate Administrator.

 

Within
fifteen (15) Business Days after the expiration of the 30-day response period, the Certificate Administrator shall tabulate the
responses received from the Certificateholders and share the results with the Enforcing Servicer. The Certificate Administrator
shall only count responses timely received and clearly indicating agreement or dissent with the related Proposed Course of Action
and additional verbiage or qualifying language shall not be taken into consideration for purposes of determining whether the related
Certificateholder agrees or disagrees with the Proposed Course of Action. The Certificate Administrator shall be under no obligation
to answer any questions from the Certificateholders regarding such Proposed Course of Action. For the avoidance of doubt, the
Certificate Administrator’s obligations in connection with this Section 2.03(l) shall be limited solely to tabulating
the Certificateholders’ responses of “agree” or “disagree” to the Proposed Course of Action, and
such obligation shall not be

 

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construed to impose any enforcement obligation on the Certificate Administrator. The Enforcing Servicer
may conclusively rely (without investigation) on the Certificate Administrator’s tabulation of the majority of the responding
Certificateholders. If (a) the Enforcing Servicer’s intended course of action with respect to the Repurchase Request
does not involve pursuing further action to exercise rights against the applicable Mortgage Loan Seller with respect to the Repurchase
Request and the Initial Requesting Certificateholder, if any, or any other Certificateholder or Certificate Owner wishes to exercise
its right to refer the matter to mediation (including nonbinding arbitration) or arbitration, or (b) the Enforcing Servicer’s
intended course of action is to pursue further action to exercise rights against the applicable Mortgage Loan Seller with respect
to the Repurchase Request but the Initial Requesting Certificateholder, if any, or any other Certificateholder or Certificate
Owner does not agree with the dispute resolution method selected by the Enforcing Servicer, then the Initial Requesting Certificateholder,
if any, or such other Certificateholder or Certificate Owner may deliver to the Enforcing Servicer a written notice (a “Preliminary
Dispute Resolution Election Notice”) within thirty (30) days from the date the Proposed Course of Action Notice is posted
on the Certificate Administrator’s Website (the “Dispute Resolution Cut-off Date”) indicating its intent
to exercise its right to refer the matter to either mediation (including nonbinding arbitration) or arbitration. In the event
that (a) the Enforcing Servicer’s initial Proposed Course of Action indicated a recommendation to undertake mediation (including
nonbinding arbitration) or arbitration, (b) any Certificateholder or Certificate Owner delivers a Preliminary Dispute Resolution
Election Notice and (c) the Enforcing Servicer also received responses from other Certificateholders or Certificate Owners supporting
the Enforcing Servicer’s initial Proposed Course of Action, such additional responses from other Certificateholders or Certificate
Owners shall also be considered Preliminary Dispute Resolution Election Notices supporting such Proposed Course of Action for
purposes of determining the course of action approved by the majority of responding Certificateholders.

 

(ii)        If neither the Initial Requesting Certificateholder, if any, nor any other Certificateholder or Certificate Owner delivers a Preliminary
Dispute Resolution Election Notice prior to the Dispute Resolution Cut-off Date, no Certificateholder or Certificate Owner shall
have the right to refer the Repurchase Request to mediation or arbitration, and the Enforcing Servicer shall be the sole party
entitled to determine a course of action, including, but not limited to, enforcing the Trust’s rights against the related
Mortgage Loan Seller, subject to any consent or consultation rights of the Directing Certificateholder pursuant to Section 6.08.

 

For
the avoidance of doubt, no party other than the Enforcing Servicer shall be obligated or entitled to exercise such rights.

 

(iii)       Promptly and in any event within ten (10) Business Days following receipt of a Preliminary Dispute Resolution Election Notice
from (a) the Initial Requesting Certificateholder, if any, or (b) any other Certificateholder or Certificate Owner (each
of clauses (a) and (b), a “Requesting Certificateholder” provided that a Holder of a Class
VRR Interest Certificate may not be a Requesting Certificateholder), the Enforcing Servicer shall consult with each Requesting
Certificateholder regarding such Requesting

 

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Certificateholder’s intention to elect either mediation (including nonbinding
arbitration) or arbitration as the dispute resolution method with respect to the Repurchase Request (the “Dispute Resolution
Consultation”) so that such Requesting Certificateholder may consider the views of the Enforcing Servicer as to the
claims underlying the Repurchase Request and possible dispute resolution methods, such discussions to occur and be completed no
later than ten (10) Business Days following the Dispute Resolution Cut-off Date. The Enforcing Servicer shall be entitled to establish
procedures the Enforcing Servicer deems in good faith to be in accordance with the Servicing Standard relating to the timing and
extent of such consultations. No later than five (5) Business Days after completion of the Dispute Resolution Consultation, a
Requesting Certificateholder may provide a final notice to the Enforcing Servicer indicating its decision to exercise its right
to refer the matter to either mediation or arbitration (“Final Dispute Resolution Election Notice”).

 

(iv)       If, following the Dispute Resolution Consultation, no Requesting Certificateholder timely delivers a Final Dispute Resolution
Election Notice to the Enforcing Servicer, then the Enforcing Servicer will continue to act as the Enforcing Party and will remain
obligated under this Agreement to determine a course of action, including, but not limited to, enforcing the rights of the Trust
with respect to the Repurchase Request and no Certificateholder or Certificate Owner shall have any further right to elect to
refer the matter to mediation or arbitration.

 

(v)        If a Requesting Certificateholder timely delivers a Final Dispute Resolution Election Notice to the Enforcing Servicer, then such
Requesting Certificateholder shall become the Enforcing Party and must promptly submit the matter to mediation (including nonbinding
arbitration) or arbitration. If there are more than one Requesting Certificateholder that timely deliver a Final Dispute Resolution
Election Notice, then such Requesting Certificateholders shall collectively become the Enforcing Party, and the holder or holders
of a majority of the Voting Rights among such Requesting Certificateholders shall be entitled to make all decisions relating to
such mediation or arbitration. If, however, no Requesting Certificateholder commences arbitration or mediation pursuant to the
terms of this Agreement within thirty (30) days after delivery of its Final Dispute Resolution Election Notice to the Enforcing
Servicer, then (i) the rights of a Requesting Certificateholder to act as the Enforcing Party shall terminate and no Certificateholder
or Certificate Owner shall have any further right to elect to refer the matter to mediation or arbitration, (ii) if the Proposed
Course of Action Notice indicated that the Enforcing Servicer shall take no further action with respect to the Repurchase Request,
then the related Material Defect shall be deemed waived for all purposes under this Agreement and the related Mortgage Loan Purchase
Agreement; provided, however, that such Material Defect shall not be deemed waived with respect a Requesting Certificateholder,
any other Certificateholder or Certificate Owner or the Enforcing Servicer to the extent there is a material change in the facts
and circumstances known to such party or that should have been known to such party with the exercise of reasonable diligence at
the time when the Proposed Course of Action Notice is posted on the Certificate Administrator’s Website and (iii) if
the Proposed Course of Action Notice had indicated a course of action other than the course of action under clause (ii),
then the Enforcing Servicer shall again become the Enforcing Party and, as such, shall be the sole

 

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party entitled to determine
a course of action, including, but not limited to, enforcing the Trust’s rights against the related Mortgage Loan Seller.

 

For
the avoidance of doubt, no party other than the Enforcing Servicer shall be obligated or entitled to exercise such rights.

 

(vi)        Notwithstanding the foregoing, the dispute resolution provisions described above under this Section 2.03(l) shall
not apply, and the Enforcing Servicer shall remain the Enforcing Party, if the Enforcing Servicer has commenced litigation with
respect to the Repurchase Request, or determines in accordance with the Servicing Standard that it is in the best interest of
Certificateholders to commence litigation with respect to the Repurchase Request to avoid the running of any applicable statute
of limitations.

 

(vii)       In the event a Requesting Certificateholder becomes the Enforcing Party, the Enforcing Servicer, on behalf of the Trust, shall
remain a party to any proceedings against the related Mortgage Loan Seller as further described below.

 

(viii)      For the avoidance of doubt, neither the Depositor, the Mortgage Loan Seller with respect to the subject Mortgage Loan nor any
of their respective Affiliates shall be entitled to be an Initial Requesting Certificateholder or a Requesting Certificateholder,
to act as a Certificateholder for purposes of delivering any Preliminary Dispute Resolution Notice or Final Dispute Resolution
Notice or otherwise to vote Certificates owned by it or such Affiliates with respect to a course of action proposed or undertaken
pursuant to the procedures described under this Section 2.03(l).

 

(m)        If the Enforcing Party selects mediation (including nonbinding arbitration), the following provisions shall apply:

 

(i)          The mediation shall be administered by a nationally recognized mediation services provider selected by the related Mortgage Loan
Seller within 30 days of written notice of the Enforcing Party’s selection of mediation (such provider, the “Mediation
Services Provider”) in accordance with published mediation procedures (the “Mediation Rules”) promulgated
by the Mediation Services Provider.

 

(ii)         The mediator shall be impartial, an attorney and have at least fifteen (15) years of experience in commercial litigation and either
commercial real estate finance or commercial mortgage-backed securitization matters or other complex commercial transactions and
who will be appointed from a list of neutrals maintained by the Mediation Services Provider. Upon being supplied a list of at
least ten potential mediators by the Mediation Services Provider, each party will have the right to exercise two peremptory challenges
within fourteen (14) days and to rank the remaining potential mediators in order of preference. The Mediation Services Provider
shall select the mediator from the remaining attorneys on the list respecting the preference choices of the parties to the extent
possible.

 

(iii)        The parties shall use commercially reasonable efforts to conduct an organizational conference to begin the mediation within ten
(10) Business Days of the selection of the mediator and to conclude the mediation within sixty (60) days thereafter.

 

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(iv)        The expenses of any mediation shall be allocated among the parties to the mediation, including, if applicable, between the Enforcing
Party and Enforcing Servicer, as mutually agreed by the parties as part of the mediation.

 

(n)         If the Enforcing Party selects third-party arbitration, the following provisions will apply:

 

(i)          The arbitration shall be administered by a nationally recognized arbitration services provider selected by the related Mortgage
Loan Seller within 30 days of written notice of the Enforcing Party’s selection of arbitration (such provider, the “Arbitration
Services Provider”) in accordance with published arbitration procedures (the “Arbitration Rules”)
promulgated by the Arbitration Services Provider.

 

(ii)         The arbitrator shall be impartial, an attorney and have at least fifteen (15) years of experience in commercial litigation and
either commercial real estate finance or commercial mortgage-backed securitization matters or other complex commercial transactions
and who will be appointed from a list of neutrals maintained by the Arbitration Services Provider. Upon being supplied a list
of at least ten potential arbitrators by the Arbitration Services Provider, each party will have the right to exercise two peremptory
challenges within fourteen (14) days and to rank the remaining potential arbitrators in order of preference. The Arbitration Services
Provider will select the arbitrator from the remaining attorneys on the list respecting the preference choices of the parties
to the extent possible.

 

(iii)        Prior to accepting an appointment, the arbitrator must promptly disclose any circumstances likely to create a reasonable inference
of bias or conflict of interest or likely to preclude completion of the hearings within the prescribed time schedule.

 

(iv)        After consulting with the parties at an organizational conference held not later than ten (10) Business Days after its appointment,
the arbitrator shall devise procedures and deadlines for the arbitration, to the extent not already agreed to by the parties,
with the goal of expediting the proceeding and completing the arbitration within 120 days. The arbitrator shall have the authority
to schedule, hear, and determine any and all motions, including dispositive and discovery motions, in accordance with the Federal
Rules of Civil Procedure for non-jury matters (the “Rules”) (including summary judgment and other prehearing
and post hearing motions), and shall do so by reasoned decision on the motion of any party to the arbitration.

 

(v)         Notwithstanding whatever other discovery may be available under the Rules, unless otherwise agreed by the parties, each party
to the arbitration shall be presumptively limited to the following discovery in the arbitration: (A) the parties shall reasonably
and in good faith voluntarily produce to all other parties all documents upon which they intend to rely and all documents they
reasonably and in good faith believe to be relevant to the claims or defenses asserted by any of the parties, (B) party witness
depositions (excluding Rule 30b-6 witnesses), and (C) expert witness depositions, provided that the arbitrator shall
have the ability to grant the parties, or either of them,

 

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additional discovery to the extent that the arbitrator determines good
cause is shown that such additional discovery is reasonable and necessary.

 

(vi)        The arbitrator shall make its final determination no later than thirty (30) days after the conclusion of the hearings and submission
of any post-hearing submissions. The arbitrator shall resolve the dispute in accordance with the terms of the related Mortgage
Loan Purchase Agreement and this Agreement, and may not modify or change those agreements in any way or award remedies not consistent
with those agreements. The arbitrator shall not have the power to award punitive damages or consequential damages in any arbitration
conducted by them. Interest on any monetary award shall bear interest from the date of the Final Dispute Resolution Election Notice
at the Prime Rate. In its final determination, the arbitrator shall determine and award the costs of the arbitration (including
the fees of the arbitrator, cost of any record or transcript of the arbitration, and administrative fees) and shall award reasonable
attorneys’ fees to the parties to the arbitration as determined by the arbitrator in its reasonable discretion. The determination
of the arbitrator shall be by a reasoned decision in writing and counterpart copies shall be promptly delivered to the parties.
The final determination of the arbitrator shall be final and non-appealable, except for actions to confirm or vacate the determination
permitted under federal or state law, and may be enforced in any court of competent jurisdiction.

 

(vii)       By selecting arbitration, the selecting party is giving up the right to sue in court, including the right to a trial by jury.

 

(viii)      No person may bring a putative or certificated class action to arbitration.

 

(o)         The following provisions shall apply to both mediation and third-party arbitration:

 

(i)          Any mediation or arbitration shall be held in New York, New York unless another location is agreed by all parties;

 

(ii)         If the dispute involves a matter that cannot effectively be remedied by the payment of damages, or if there be any dispute relating
to arbitration or the arbitrators that cannot be resolved promptly by the arbitrators or the Arbitration Services Provider, then
any party in such instance may during the pendency of the arbitration proceedings seek temporary equitable remedies, pending the
final decision of the arbitration panel, solely by application in the Southern District if such court shall have subject matter
jurisdiction, or if the Southern District has no jurisdiction, then the Supreme Court of the State of New York for the County
of New York. The arbitration proceedings shall not be stayed unless so ordered by the court.

 

(iii)        The details and/or existence of any Repurchase Request, any informal meetings, mediations or arbitration proceedings conducted
under this Section 2.03, including all offers, promises, conduct and statements, whether oral or written, made in
the course of the parties’ attempt to informally resolve any Repurchase Request, shall be confidential, privileged and inadmissible
for any purpose, including impeachment, in any

 

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mediation, arbitration or litigation, or other proceeding (including any proceeding
under this Section 2.03). Such information shall be kept strictly confidential and shall not be disclosed or shared
with any third party (other than a party’s attorneys, experts, accountants and other agents and representatives, as reasonably
required in connection with any resolution procedure under this Section 2.03), except as otherwise required by law,
regulatory requirement or court order. If any party to a resolution procedure receives a subpoena or other request for information
from a third party (other than a governmental regulatory body) for such confidential information, the recipient shall promptly
notify the other party to the resolution procedure and shall provide the other party with a reasonable opportunity to object to
the production of its confidential information.

 

(iv)        In the event a Requesting Certificateholder is the Enforcing Party, the agreement with the arbitrator or mediator, as the case
may be, shall be required to contain an acknowledgment that the Trust, or the Enforcing Servicer on its behalf, shall be a party
to any arbitration or mediation proceedings solely for the purpose of being the beneficiary of any award in favor of the Enforcing
Party. All amounts recovered by the Enforcing Party shall be paid to the Trust, or the Enforcing Servicer on its behalf, and deposited
in the Collection Account. The agreement with the arbitrator or mediator, as the case may be, shall provide that in the event
a Requesting Certificateholder is allocated any related costs and expenses pursuant to the terms of the arbitrator’s decision
or the agreement reached in mediation, neither the Trust nor the Enforcing Servicer acting on its behalf shall be responsible
for any such costs and expenses allocated to the Requesting Certificateholder.

 

(v)         In the event a Requesting Certificateholder is the Enforcing Party, the Requesting Certificateholder is required to pay any expenses
allocated to the Enforcing Party in the arbitration proceedings or any expenses that the Enforcing Party agrees to bear in the
mediation proceedings.

 

(vi)        The Trust (or the Trustee or the Enforcing Servicer, acting on its behalf), the Depositor or any Mortgage Loan Seller shall be
permitted to redact any personally identifiable customer information included in any information provided for purposes of any
mediation or arbitration. Each party to the proceedings shall be required to agree to keep confidential the details related to
the Repurchase Request and the dispute resolution identified in connection with such procedures; provided, however,
that (A) the Certificateholders shall be permitted to communicate prior to the commencement of any such proceedings to the extent
provided in Section 5.06, (B) to the extent that the Enforcing Servicer is required under Section 2.02
to provide any 15Ga-1 Notice in connection with such Repurchase Request, the Enforcing Servicer shall be permitted to include
in such 15Ga-1 Notice the information required pursuant to Section 2.02 and (C) the applicable Mortgage Loan
Seller shall be permitted to disclose information related to the Repurchase Request to the extent necessary to comply with its
obligations under Rule 15Ga-1 or Item 1104 of Regulation AB.

 

(vii)       For the avoidance of doubt, in no event shall the exercise of any right of a Requesting Certificateholder to refer a Repurchase
Request to mediation or arbitration

 

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affect in any manner the ability of the Enforcing Servicer to perform its obligations with
respect to a Mortgage Loan or the exercise of any rights of a Directing Certificateholder.

 

(viii)      Any out-of-pocket expenses required to be borne by or allocated to the Enforcing Servicer in a mediation or arbitration shall
be reimbursable as Trust Fund expenses.

 

Section 2.04      
Execution of Certificates; Issuance of Lower-Tier Regular Interests; Issuance of Trust Subordinate Companion Loan REMIC Regular
Interests. The Trustee hereby acknowledges the assignment to it of the Mortgage Loans and the Trust Subordinate Companion
Loan and, subject to Section 2.01 and 2.02, the delivery to the Custodian of the Mortgage Files and a fully executed
original counterpart of the Mortgage Loan Purchase Agreements, together with the assignment to it of all of the other assets included
in the Lower-Tier REMIC, the Trust Subordinate Companion Loan REMIC and the Grantor Trust. Concurrently with such assignment and
delivery, and in exchange for the Mortgage Loans (other than Excess Interest) and the Trust Subordinate Companion Loan and the
other assets comprising the Trust Subordinate Companion Loan REMIC and the Lower-Tier REMIC, receipt of which is hereby acknowledged,
(i) the Trustee acknowledges the issuance of the Lower-Tier Regular Interests, the Trust Subordinate Companion Loan REMIC Regular
Interests, the Class LR Interest and the Class 225B-R Interest to the Depositor; (ii) the Trustee acknowledges the creation
of the Grantor Trust (as described in Section 2.05 below); (iii) acknowledges the contribution by the Depositor of
the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan REMIC Regular Interests to the Upper-Tier REMIC; and
(iv) immediately thereafter, in exchange for the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan REMIC
Regular Interests, the Trustee acknowledges that it has caused the Certificate Administrator to issue the Class UR Interest
and has caused the Certificate Registrar to execute and caused the Authenticating Agent to authenticate and to deliver to or upon
the order of the Depositor, the Regular Certificates, the Class VRR Upper-Tier Regular Interest, the Class S Certificates and
the Class R Certificates, and the Depositor hereby acknowledges the receipt by it or its designees, of such Certificates in authorized
Denominations evidencing the entire beneficial ownership of the Upper-Tier REMIC (and in the case of the Class R Certificates
and the Class 225B-R Interest, the Class LR Interest and the Class UR Interest).

 

The
Depositor, as of the Closing Date, and concurrently with the execution and delivery of this Agreement, does hereby assign without
recourse all the right, title and interest of

 

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the Depositor in and to the Class VRR Upper-Tier Regular Interest, the Excess Interest
and any other property constituting the Grantor Trust to the Trustee for the benefit of the Holders of the Grantor Trust Certificates.
The Trustee (i) acknowledges the assignment to it of the Class VRR Interest Specific Grantor Trust Assets and the Class S Specific
Grantor Trust Assets, (ii) declares that it holds and will hold such Class VRR Interest Specific Grantor Trust Assets and the
Class S Specific Grantor Trust Assets in trust for the exclusive use and benefit of all present and future Holders of the Grantor
Trust Certificates, and (iii) has caused to be executed and caused to be authenticated and delivered to or upon the order of the
Depositor, in exchange for the Class VRR Interest Specific Grantor Trust Assets and the Class S Specific Grantor Trust Assets,
and the Depositor hereby acknowledges the receipt by it or its designees of, the Grantor Trust Certificates in authorized Denominations.

 

 

 

Section 2.05      
Creation of the Grantor Trust. The portion of the Trust Fund consisting of the Class S Specific Grantor Trust Assets and
the Class VRR Interest Specific Grantor Trust Assets, shall be treated as a trust the beneficiaries of which are treated as the
“owners” of such assets under subpart E, part I of subchapter J of the Code.

 

[End
of Article II]

 

Article III

ADMINISTRATION AND

SERVICING OF THE TRUST FUND

 

Section 3.01      
The Master Servicer to Act as Master Servicer; Special Servicer to Act as Special Servicer; Administration of the Mortgage
Loans, the Serviced Companion Loans and REO Properties. (a) Each of the Master Servicer and Special Servicer shall diligently
service and administer the Mortgage Loans (other than any Non-Serviced Mortgage Loan), any related Serviced Companion Loans (including,
for the avoidance of doubt, the Trust Subordinate Companion Loan) and the applicable REO Properties (other than any REO Property
related to a Non-Serviced Mortgage Loan) it is obligated to service in accordance with applicable law, this Agreement and the
Mortgage Loan documents on behalf of the Trust and in the best interests of and for the benefit of the Certificateholders and,
(i) in the case of the Serviced Companion Loans, the Companion Holders and the Trustee (as holder of the Lower-Tier Regular Interests),
and (ii) in the case of the Trust Subordinate Companion Loan, the Holders of the Loan-Specific Certificates and the Trustee, in
each case, as a collective whole, taking into account the subordinate or pari passu nature of such Companion Loans, as
applicable (as determined by the Master Servicer or Special Servicer, as the case may be, in its reasonable judgment), in accordance
with applicable law, the terms of this Agreement (and, with respect to each Serviced Whole Loan or any Mortgage Loan with related
mezzanine debt, the related Intercreditor Agreement) and the terms of the respective Mortgage Loans and, if applicable, the related
Companion Loan(s), taking into account the subordinate or pari passu nature of the Companion Loan(s), as applicable. With
respect to each Serviced Whole Loan, in the event of a conflict between this Agreement and the related Intercreditor Agreement,
the related Intercreditor Agreement shall control; provided that in no event shall the Master Servicer or the Special

 

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Servicer,
as the case may be, take any action or omit to take any action in accordance with the terms of any Intercreditor Agreement that
would cause the Master Servicer or the Special Servicer, as the case may be, to violate the Servicing Standard or the REMIC Provisions.
To the extent consistent with the foregoing, the Master Servicer and the Special Servicer shall service the Mortgage Loans (other
than any Non-Serviced Mortgage Loan) and the Serviced Companion Loans in accordance with the higher of the following standards
of care: (1) in the same manner in which, and with the same care, skill, prudence and diligence with which the Master Servicer
or the Special Servicer, as the case may be, services and administers similar mortgage loans for other third party portfolios
and (2) the same care, skill, prudence and diligence with which the Master Servicer or the Special Servicer, as the case
may be, services and administers similar mortgage loans owned by the Master Servicer or the Special Servicer, as the case may
be, with a view to (A) the timely recovery of all payments of principal and interest under the Mortgage Loans or Serviced
Whole Loans or (B) in the case of a Specially Serviced Loan or an REO Property, maximization of recovery of principal and
interest on a net present value basis on such Mortgage Loans and any related Serviced Companion Loans, and the best interests
of the Trust and the Certificateholders (as a collective whole as if such Certificateholders constituted a single lender) (and
in the case of any Whole Loan, the best interests of the Trust, the Certificateholders and any related Companion Holder (as a
collective whole as if such Certificateholders and the holder or holders of the related Companion Loan(s) constituted a single
lender), taking into account the subordinate or pari passu nature of the related Companion Loan(s), as applicable), as
determined by the Master Servicer or the Special Servicer, as the case may be, in its reasonable judgment, in either case giving
due consideration to the customary and usual standards of practice of prudent, institutional commercial, multifamily and manufactured
housing community mortgage loan servicers, but without regard to any conflict of interest arising from: (i) any relationship
that the Master Servicer, the Special Servicer or any Affiliate of the Master Servicer or the Special Servicer may have with any
Mortgagor or any Affiliate of such Mortgagor, any Mortgage Loan Seller or any other parties to this Agreement; (ii) the ownership
of any Certificate, Companion Loan, mezzanine loan, or subordinate debt relating to a Mortgage Loan by the Master Servicer, the
Special Servicer or any Affiliate of the Master Servicer or the Special Servicer, as applicable; (iii) the obligation, if
any, of the Master Servicer to make Advances; (iv) the right of the Master Servicer’s or the Special Servicer’s,
as the case may be, or any of its Affiliates to receive compensation for its services and reimbursement for its costs hereunder
or with respect to any particular transaction; (v) the ownership, servicing or management for others of (a) any Non-Serviced
Mortgage Loan and any Non-Serviced Companion Loan or (b) any other mortgage loans, subordinate debt, mezzanine loans or properties
not covered by this Agreement or held by the Trust by the Master Servicer or the Special Servicer, as the case may be, or any
of its Affiliates; (vi) any debt that the Master Servicer or the Special Servicer, as the case may be, or any of its Affiliates,
has extended to any Mortgagor or an Affiliate of any Mortgagor (including, without limitation, any mezzanine financing); (vii) any
option to purchase any Mortgage Loan or the related Companion Loan(s) the Master Servicer or the Special Servicer, as the case
may be, or any of its Affiliates, may have; and (viii) any obligation of the Master Servicer or the Special Servicer, or
any of their respective Affiliates, to repurchase or substitute for a Mortgage Loan as a Mortgage Loan Seller (if the Master Servicer
or the Special Servicer or one of their respective Affiliates is a Mortgage Loan Seller) (the foregoing, collectively referred
to as the “Servicing Standard”).

 

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The
Master Servicer and the Special Servicer shall act in accordance with the Servicing Standard with respect to any action required
to be taken regarding the Non-Serviced Mortgage Loans pursuant to their obligations under this Agreement.

 

Without
limiting the foregoing, subject to Section 3.19, the Special Servicer shall be obligated to service and administer
(i) any Mortgage Loans (other than the Non-Serviced Mortgage Loans) and any related Serviced Companion Loans as to which
a Servicing Transfer Event has occurred and is continuing (each, a “Specially Serviced Loan”) or as otherwise
provided herein with respect to Non-Specially Serviced Loans in connection with any Major Decision and (ii) any REO Properties
(other than the Non-Serviced Mortgaged Properties); provided that the Master Servicer shall continue to receive payments
and make all calculations, and prepare, or cause to be prepared, all reports, required hereunder with respect to the Specially
Serviced Loans, except for the reports specified herein as prepared by the Special Servicer, as if no Servicing Transfer Event
had occurred and with respect to the REO Properties (and the related REO Loans) as if no REO Acquisition had occurred, and to
render such services with respect to such Specially Serviced Loans and REO Properties as are specifically provided for herein;
provided, further, however, that the Master Servicer shall not be liable for failure to comply with such
duties insofar as such failure results from a failure of the Special Servicer to provide sufficient information to the Master
Servicer to comply with such duties or failure by the Special Servicer to otherwise comply with its obligations hereunder. The
Master Servicer, in its capacity as Master Servicer, shall not have any responsibility for the performance by the Special Servicer,
in its capacity as Special Servicer, of its duties under this Agreement. The Special Servicer, in its capacity as Special Servicer,
shall not have any responsibility for the performance by the Master Servicer, in its capacity as Master Servicer, of its duties
under this Agreement. Each Mortgage Loan or any related Serviced Companion Loan that becomes a Specially Serviced Loan shall continue
as such until satisfaction of the conditions specified in Section 3.19(a). Without limiting the foregoing, subject
to (i) the processing of any Major Decision by the Special Servicer in accordance with the terms of this Agreement and (ii)  Section 3.19,
the Master Servicer shall be obligated to service and administer any Non-Specially Serviced Loan or related Serviced Companion
Loan. The Special Servicer shall make the property inspections, use its reasonable efforts to collect the financial statements,
budgets, operating statements and rent rolls and forward to the Master Servicer the reports in respect of the related Mortgaged
Properties with respect to Specially Serviced Loans in accordance with Section 3.12. After notification to the Master
Servicer, the Special Servicer may contact the Mortgagor of any Non-Specially Serviced Loan if efforts by the Master Servicer
to collect required financial information have been unsuccessful or any other issues remain unresolved. Such contact shall be
coordinated through and with the cooperation of the Master Servicer. No provision herein contained shall be construed as an express
or implied guarantee by the Master Servicer or the Special Servicer of the collectability or recoverability of payments on the
Mortgage Loans or any related Serviced Companion Loan or be construed to impair or adversely affect any rights or benefits provided
by this Agreement to the Master Servicer or the Special Servicer (including with respect to Servicing Fees, Special Servicing
Fees or the right to be reimbursed for Advances and interest accrued thereon). Any provision in this Agreement for any Advance
by the Master Servicer or the Trustee is intended solely to provide liquidity for the benefit of the Certificateholders and not
as credit support or otherwise to impose on any such Person the risk of loss with respect to one or more of the Mortgage Loans
or any related Serviced Companion Loans. No provision hereof shall be construed to impose liability on the Master

 

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Servicer or
the Special Servicer for the reason that any recovery to the Certificateholders in respect of a Mortgage Loan at any time after
a determination of present value recovery is less than the amount reflected in such determination.

 

(b)        Subject only to the Servicing Standard and the terms of this Agreement (including, without limitation, Section 6.08)
and of the respective Mortgage Loans, any related Serviced Companion Loans and any related Intercreditor Agreement, if applicable,
and applicable law, the Master Servicer and the Special Servicer each shall have full power and authority, acting alone or, in
the case of the Master Servicer, subject to Section 3.20, through one or more Sub-Servicers, to do or cause to be
done any and all things in connection with such servicing and administration for which it is responsible which it may deem necessary
or desirable. Without limiting the generality of the foregoing, each of the Master Servicer and the Special Servicer, in its own
name (or in the name of the Trustee and, if applicable, the related Serviced Companion Noteholder), is hereby authorized and empowered
by the Trustee to execute and deliver, on behalf of the Certificateholders (and, with respect to a Serviced Companion Loan, the
related Serviced Companion Noteholder) and the Trustee or any of them, with respect to each Mortgage Loan and any related Serviced
Companion Loan, it is obligated to service under this Agreement: (i) any and all financing statements, continuation statements
and other documents or instruments necessary to maintain the lien created by the related Mortgage or other security document in
the related Mortgage File on the related Mortgaged Property and related collateral, and shall, from time to time, execute and/or
deliver such financing statements, continuation statements and other documents or instruments as necessary to maintain the lien
created by the related Mortgage or other security document in the related Mortgage File on the related Mortgaged Property and
related collateral; (ii) subject to Sections 3.08, 3.18 and 6.08, any and all modifications, waivers,
amendments or consents to, under or with respect to any documents contained in the related Mortgage File; (iii) any and all
instruments of satisfaction or cancellation, pledge agreements and other documents in connection with a defeasance, or of partial
or full release or discharge, and all other comparable instruments; and (iv) any or all complaints or other pleadings to
initiate and/or to terminate any action, suit or proceeding on behalf of the Trust (in their representative capacities (except
as set forth below in this paragraph). The Master Servicer (with respect to Non-Specially Serviced Loans) and the Special Servicer
(with respect to Specially Serviced Loans) shall provide to the Mortgagor related to such Mortgage Loans or Trust Subordinate
Companion Loan that it is servicing any reports required to be provided to them pursuant to the related Mortgage Loan documents.
Subject to Section 3.10, the Trustee shall (i) on the Closing Date, furnish to the Master Servicer and the Special
Servicer original powers of attorney in the form of Exhibit R attached hereto (or such other form as mutually agreed
to by the Trustee and the Master Servicer or the Special Servicer, as applicable) and (ii) upon request, furnish, or cause
to be furnished, to the Master Servicer or the Special Servicer any powers of attorney in the form of Exhibit R attached
hereto (or such other form as mutually agreed to by the Trustee and the Master Servicer or the Special Servicer, as applicable)
and other documents necessary or appropriate to enable the Master Servicer or the Special Servicer, as the case may be, to carry
out its servicing and administrative duties hereunder; provided, however, that the Trustee shall not be held responsible
or liable for any acts of the Master Servicer or the Special Servicer, or for any negligence with respect to, or misuse of, any
such power of attorney by the Master Servicer or the Special Servicer. Notwithstanding anything contained herein to the contrary,
the Master Servicer or the Special Servicer, as the case may be, shall not, without the Trustee’s written consent: (i) initiate
any action, suit or

 

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proceeding solely under the Trustee’s name without indicating the Master Servicer’s or the Special
Servicer’s, as the case may be, representative capacity (unless prohibited by any requirement of the applicable jurisdiction
in which any such action, suit or proceeding is brought and if so prohibited, in the manner required by such jurisdiction (provided
that the Master Servicer or Special Servicer, as applicable, shall then provide five (5) Business Days’ written notice
to the Trustee of the initiation of such action, suit or proceeding (or such shorter time period as is reasonably required in
the judgment of the Master Servicer or the Special Servicer, as applicable, made in accordance with the Servicing Standard) prior
to filing such action, suit or proceeding), and shall not be required to obtain the Trustee’s consent or indicate the Master
Servicer’s or Special Servicer’s, as applicable, representative capacity)) or (ii) take any action with the intent
to cause, and that actually causes, the Trustee to be required to be registered to do business in any state.

 

(c)         To the extent the Master Servicer is permitted pursuant to the terms of the related Mortgage Loan documents or Companion Loan
documents (including any related Intercreditor Agreement) to exercise its discretion with respect to any action which requires
Rating Agency Confirmation from each Rating Agency and a confirmation of any applicable rating agencies that such action will
not result in the downgrade, withdrawal or qualification of its then-current ratings of any class of Serviced Companion Loan Securities
(if any) (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25), the Master Servicer
shall require the costs of such Rating Agency Confirmation to be borne by the related Mortgagor. To the extent the terms of the
related Mortgage Loan documents or Companion Loan documents (including any related Intercreditor Agreement) require the Mortgagor
to bear the costs of any Rating Agency Confirmation or confirmation of any applicable rating agencies that such action will not
result in the downgrade, withdrawal or qualification of its then-current ratings of any class of Serviced Companion Loan Securities
(if any) (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25), the Master Servicer
shall not waive the requirement that such costs and expenses be borne by the related Mortgagor. To the extent that the terms of
the related Mortgage Loan documents or Companion Loan documents (including any related Intercreditor Agreement) are silent as
to who bears the costs of any Rating Agency Confirmation or confirmation of any applicable rating agencies that such action will
not result in the downgrade, withdrawal or qualification of its then-current ratings of any class of Serviced Companion Loan Securities
(if any) (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25), the Master Servicer
shall use reasonable efforts to have the Mortgagor bear such costs and expenses. The Master Servicer shall not be responsible
for the payment of such costs and expenses out of pocket other than as a Servicing Advance.

 

(d)         The relationship of each of the Master Servicer and the Special Servicer to the Trustee under this Agreement is intended by the
parties to be that of an independent contractor and not that of a joint venturer, partner or agent.

 

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(e)         The Master Servicer shall, to the extent permitted by the related Mortgage Loan documents or any related Companion Loan documents,
and consistent with the Servicing Standard, permit Escrow Payments to be invested only in Permitted Investments.

 

(f)          Within sixty (60) days (or such shorter time period as is required by the terms of the applicable Mortgage Loan documents) after
the later of (i) the receipt thereof by the Master Servicer and (ii) the Closing Date, (x) the applicable
Mortgage Loan Seller pursuant to the Mortgage Loan Purchase Agreement shall notify each provider of a letter of credit for each
Mortgage Loan identified as having a letter of credit on the Mortgage Loan Schedule, that the Master Servicer (in care of the
Trustee, as titled in Section 2.01(b)) for the benefit of the Certificateholders and any related Companion Holders
shall be the beneficiary under each such letter of credit and (y) the Master Servicer shall notify each lessor under a Ground
Lease for each Mortgage Loan identified as subject to a leasehold interest on the Mortgage Loan Schedule, that the Trust is the
leasehold mortgagee, that any notices of default under such Ground Lease that are required to be delivered to the leasehold mortgagee
pursuant to the terms of such Ground Lease shall be delivered to the Master Servicer (who shall forward such notices to the Special
Servicer) and that the Master Servicer or the Special Servicer shall service the related Mortgage Loan for the benefit of the
Certificateholders. If a letter of credit is required to be drawn upon earlier than the date the applicable Mortgage Loan Seller
has notified the provider of such letter of credit pursuant to clause (x) of the immediately preceding sentence, such
Mortgage Loan Seller shall cooperate with the reasonable requests of the Master Servicer or Special Servicer in connection with
making a draw under such letter of credit. If the Mortgage Loan documents do not require the related Mortgagor to pay any costs
and expenses relating to any modifications to or assignment of the related letter of credit, then the applicable Mortgage Loan
Seller shall pay such costs and expenses as and to the extent required under the applicable Mortgage Loan Purchase Agreement.
If the Mortgage Loan documents require the related Mortgagor to pay any costs and expenses relating to any modifications to the
related letter of credit, and such Mortgagor fails to pay such costs and expenses after the Master Servicer has exercised reasonable
efforts to collect such costs and expenses from such Mortgagor, then the Master Servicer shall give the applicable Mortgage Loan
Seller notice of such failure and the amount of costs and expenses, and such Mortgage Loan Seller shall pay such costs and expenses
as and to the extent required under the applicable Mortgage Loan Purchase Agreement. The costs and expenses of any modifications
to Ground Leases shall be paid by the related Mortgagor. Neither the Master Servicer nor the Special Servicer shall have any liability
for the failure of any Mortgage Loan Seller to perform its obligations under the related Mortgage Loan Purchase Agreement.

 

(g)         Notwithstanding anything herein to the contrary, in no event shall the Master Servicer (or the Trustee, as applicable) make an
Advance with respect to any Companion Loan to the extent the related Serviced Mortgage Loan has been paid in full or is no longer
included in the Trust Fund.

 

(h)         Servicing and administration of each Serviced Companion Loan shall continue hereunder and in accordance with the related Intercreditor
Agreement for so long as the corresponding Serviced Mortgage Loan or any related REO Property is part of the Trust Fund or for
such longer period as is contemplated by the related Intercreditor Agreement and as any amounts payable by the related Companion
Holder to or for the benefit of the Trust or any party

 

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hereto, or payable to the related Companion Holder, in accordance with
the related Intercreditor Agreement remain due and owing.

 

(i)          The Special Servicer agrees that upon the occurrence of a Servicing Transfer Event with respect to any Mortgage Loan or Serviced
Whole Loan, that is subject to or becomes subject to an Intercreditor Agreement in the future, it shall, subject to Section 3.19,
use commercially reasonable efforts to enforce, on behalf of the Trust, subject to the Servicing Standard and to the extent the
Special Servicer determines such action is in the best interests of the Trust, all rights conveyed to the Trustee pursuant to
any such Intercreditor Agreement. The costs and expenses incurred by the Special Servicer in connection with such enforcement
shall be paid as a Trust Fund expense or, subject to the terms of the applicable Intercreditor Agreement, with respect to
any Serviced Pari Passu Whole Loan, pro rata and pari passu, by the Trust and the related Serviced Pari Passu Companion
Loan(s), in accordance with the respective Stated Principal Balances of the related Serviced Pari Passu Mortgage Loan and Serviced
Pari Passu Companion Loan(s) or (ii) with respect to any Serviced AB Whole Loan, first, by the related AB Subordinate
Companion Loan and then, pro rata and pari passu, by the Trust and the related Serviced Pari Passu Companion
Loan (if any), in accordance with the respective Stated Principal Balances of the related Serviced Mortgage Loan and Serviced
Pari Passu Companion Loan(s).

 

(j)          Notwithstanding anything herein to the contrary, the parties hereto acknowledge and agree that, to the extent required under the
related Intercreditor Agreement, the servicing and administration of a Serviced Whole Loan shall continue hereunder (but not with
respect to making Advances) even if the related Serviced Mortgage Loan is no longer part of the Trust Fund, until such time as
a separate servicing agreement is entered into in accordance with the related Intercreditor Agreement (it being acknowledged that
neither the Master Servicer nor the Special Servicer shall be obligated under a separate agreement to which it is not a party);
provided that, other than pursuant to Section 6.04 (and, with respect to Section 6.04, solely with
respect to claims, losses, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments, and any other costs,
liabilities, fees and expenses incurred in connection with a legal claim or action resulting from an action or inaction taken
or not taken while the related Serviced Mortgage Loan was part of the Trust Fund), no costs, expenses, losses or fees accruing
with respect to such Serviced Whole Loan on and after the date the related Serviced Mortgage Loan is no longer part of the Trust
Fund shall be payable out of the Trust Fund and the Master Servicer shall have no obligation to make any Advance on or after the
date such Serviced Mortgage Loan ceases to be part of the Trust Fund; provided, further, however, that if,
in the case of any Serviced Whole Loan, the related Serviced Companion Loans continue to be included in Other Securitizations,
then for so long as a separate servicing agreement (pursuant to the related Intercreditor Agreement) has not been entered into,
the Master Servicer shall inform the related Other Servicer of any need to make Servicing Advances with respect to a Serviced
Whole Loan within three (3) Business Days of determining that such an Advance is necessary or being notified that such an Advance
is necessary, or in the case of a Servicing Advance that needs to be made on an emergency or urgent basis, within one (1) Business
Day. With respect to Servicing Advances made by any Other Servicer as contemplated in the second proviso to the preceding sentence,
the Master Servicer shall, from collections on the related Serviced Whole Loan (but never out of general collections on the Mortgage
Loans and REO Properties) received by the Master Servicer, reimburse the Other Servicer for such Servicing Advances in the same
manner

 

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and on the same level of priority as if such Servicing Advances had been made by the Master Servicer hereunder.

 

(k)         Notwithstanding anything herein to the contrary, the parties hereto acknowledge and agree that the Master Servicer’s and
the Special Servicer’s obligations and responsibilities hereunder and the Master Servicer’s and the Special Servicer’s
authority with respect to a Non-Serviced Mortgage Loan are limited by and subject to the terms of the related Non-Serviced Intercreditor
Agreement and the rights of the related Non-Serviced Master Servicer and Non-Serviced Special Servicer with respect thereto under
the related Non-Serviced PSA. The Master Servicer (or, with respect to any Specially Serviced Loan, the Special Servicer) shall
use reasonable efforts consistent with the Servicing Standards to enforce the rights of the Trustee (as holder of a Non-Serviced
Mortgage Loan) under the related Non-Serviced Intercreditor Agreement and Non-Serviced PSA.

 

(l)          The parties hereto acknowledge that each Non-Serviced Mortgage Loan is subject to the terms and conditions of the related Non-Serviced
Intercreditor Agreement and further acknowledge that, pursuant to the related Non-Serviced Intercreditor Agreement, (i) the
related Non-Serviced Mortgage Loan is to be serviced and administered by the related Non-Serviced Master Servicer and Non-Serviced
Special Servicer in accordance with the related Non-Serviced PSA, and (ii) in the event that (A) the related Non-Serviced
Companion Loan is no longer part of the Trust Fund created by the related Non-Serviced PSA and (B) the related Non-Serviced
Mortgage Loan is included in the Trust Fund, then, as set forth in the related Non-Serviced Intercreditor Agreement, the related
Non-Serviced Whole Loan shall continue to be serviced in accordance with the related Non-Serviced PSA, until such time as a new
servicing agreement has been agreed to by the parties to the related Non-Serviced Intercreditor Agreement in accordance with the
provisions of such agreement and confirmation has been obtained from the Rating Agencies that such new servicing agreement would
not result in a downgrade, qualification or withdrawal of the then-current ratings of any Class of Certificates then outstanding.

 

(m)        Notwithstanding anything herein to the contrary, the parties hereto acknowledge and agree that the Master Servicer’s and
the Special Servicer’s obligations and responsibilities hereunder and the Master Servicer’s and the Special Servicer’s
authority with respect to a Serviced Whole Loan are limited by, and subject to, the terms of the related Intercreditor Agreement.
The Master Servicer (or, if a Serviced Whole Loan becomes a Specially Serviced Loan, the Special Servicer) shall use reasonable
efforts consistent with the Servicing Standard to obtain the benefits of the rights of the Trust (as holder of the related Serviced
Mortgage Loan) under the related Intercreditor Agreement. In the event of any conflict between this Agreement and the related
Intercreditor Agreement, the provisions of the related Intercreditor Agreement shall control.

 

(n)         Subject to Section 11.15 of this Agreement, in connection with the securitization of any of the Serviced Pari Passu
Companion Loans, each of the Master Servicer, the Special Servicer (if such Serviced Companion Loan is a Specially Serviced Loan)
and the Trustee, as applicable, shall use reasonable efforts to cooperate with such Serviced Companion Noteholder in attempting
to cause the related Mortgagor to provide information relating to such

 

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Whole Loan and the related notes, and that such holder
reasonably determines to be necessary or appropriate, for inclusion in any disclosure document(s) relating to such Other Securitization.

 

(o)         The parties hereto acknowledge and agree that the servicing and administration of the Trust Subordinate Companion Loan and the
225 Bush Whole Loan shall continue hereunder by the Master Servicer and the Special Servicer even if the related 225 Bush Mortgage
Loan is no longer part of the Trust Fund subject to the provisions of Section 3.34(g).

 

Section 3.02      
Collection of Mortgage Loan Payments. (a)  Each of the Master Servicer and the Special Servicer shall make reasonable
efforts consistent with the Servicing Standard to collect all payments called for under the terms and provisions of the Mortgage
Loans and the Companion Loans it is obligated to service hereunder, and shall follow such collection procedures as are consistent
with this Agreement (including, without limitation, the Servicing Standard); provided that with respect to each Mortgage
Loan that has an Anticipated Repayment Date, so long as the related Mortgagor is in compliance with each provision of the related
Mortgage Loan documents, the Master Servicer and the Special Servicer shall not take any enforcement action with respect to the
failure of the related Mortgagor to make any payment of Excess Interest, other than requests for collection, until the Maturity
Date of the related Mortgage Loan or until the outstanding principal balance of such Mortgage Loan (exclusive of any portion representing
accrued Excess Interest) has been paid in full); provided, further that the Master Servicer or Special Servicer,
as the case may be, may take action to enforce the Trust’s right to apply excess cash flow to principal in accordance with
the terms of the Mortgage Loan documents. The Master Servicer or the Special Servicer, as applicable, may in its discretion waive
any Penalty Charge in connection with any delinquent payment on a Mortgage Loan or Companion Loan that it is obligated to service
hereunder three (3) times during any period of twenty-four (24) consecutive months with respect to any Mortgage Loan or Serviced
Companion Loan; provided that the Master Servicer or the Special Servicer, as applicable, may in its discretion waive any
Penalty Charge in connection with any delinquent payment on a Mortgage Loan or Companion Loan one additional time in such 24-month
period so long as with respect to any of the foregoing waivers, no Advance or additional expense of the Trust has been incurred
and remains unreimbursed to the Trust with respect to such Mortgage Loan or Companion Loan. Any additional waivers during such
24-month period with respect to such Mortgage Loan may be made, subject to the Servicing Standard, only after the Master Servicer
or Special Servicer, as applicable, has, prior to the occurrence of a Consultation Termination Event, given notice of a proposed
waiver to the Directing Certificateholder and, prior to the occurrence and continuance of a Control Termination Event, the Directing
Certificateholder has consented to such additional waiver (provided that if the Master Servicer or Special Servicer, as
applicable, fails to receive a response to such notice from the Directing Certificateholder in writing within five (5) days of
giving such notice, then the Directing Certificateholder shall be deemed to have consented to such proposed waiver); provided,
further, that after the occurrence and during the continuance of a Control Termination Event, the Master Servicer or Special
Servicer, as applicable, may waive any Penalty Charge in accordance with the Servicing Standard without the consent of the Directing
Certificateholder; provided, further, that the Directing Certificateholder shall have no consent rights with respect
to any Excluded Loan with respect to the foregoing waivers.

 

(b)         (i)  All amounts collected by or on behalf of the Trust in respect of a Mortgage Loan shall be applied to amounts due
and owing under the Mortgage Loan documents

 

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(including for principal and accrued and unpaid interest) in accordance with the express
provisions of the Mortgage Loan documents; provided, however, that absent express provisions in the related Mortgage
Loan documents (including any related Intercreditor Agreement), all amounts collected by or on behalf of the Trust in respect
of a Mortgage Loan in the form of payments from the related Mortgagor, Liquidation Proceeds or Insurance and Condemnation Proceeds
under the Mortgage Loan (in the case of each Serviced Whole Loan, exclusive of any amounts payable to the holder or holders of
the related Companion Loan(s) pursuant to the related Intercreditor Agreement) shall be applied in the following order of priority:

 

first,
as a recovery of any unreimbursed Advances (including any Workout-Delayed Reimbursement Amount) with respect to such Mortgage
Loan and unpaid interest at the Reimbursement Rate on such Advances and, if applicable, unreimbursed and unpaid additional trust
fund expenses of the Trust;

 

second,
as a recovery of Nonrecoverable Advances and any interest on those Nonrecoverable Advances at the Reimbursement Rate, to the extent
previously paid or reimbursed from principal collections on such Mortgage Loan (as described in the first proviso in the definition
of Pooled Aggregate Principal Distribution Amount);

 

third,
to the extent not previously so allocated pursuant to clause first or second above, as a recovery of accrued and
unpaid interest on such Mortgage Loan (exclusive of default interest and Excess Interest) to the extent of the excess of (i) unpaid
interest accrued on such Mortgage Loan at the related Mortgage Rate in effect from time to time through the end of the applicable
mortgage interest accrual period, over (ii) after taking into account any allocations pursuant to clause fifth below on
earlier dates, the aggregate portion of the accrued and unpaid interest described in subclause (i) of this clause third that
either (A)(x) was not advanced because of the reductions (if any) in the amount of related P&I Advances for such Mortgage
Loan that have occurred in connection with related Appraisal Reduction Amounts or (y) with respect to any accrued and unpaid interest
that was not advanced due to a determination that the related P&I Advance would be a Nonrecoverable Advance, the amount of
interest that (absent such determination of nonrecoverability preventing such P&I Advance from being made) would not have
been advanced because of the reductions in the amount of related P&I Advances for such Mortgage Loan that would have occurred
in connection with related Appraisal Reduction Amounts or (B) accrued at the related Net Mortgage Rate on the portion of the Stated
Principal Balance of such Mortgage Loan equal to any related Collateral Deficiency Amount in effect from time to time and as to
which no P&I Advance was made;

 

fourth,
to the extent not previously allocated pursuant to clause first or second, as a recovery of principal of such Mortgage
Loan then due and owing, including by reason of acceleration of such Mortgage Loan following a default thereunder (or, if the
Mortgage Loan has been liquidated, as a recovery of principal to the extent of its entire remaining unpaid principal balance);

 

fifth,
as a recovery of accrued and unpaid interest on such Mortgage Loan (exclusive of default interest and Excess Interest) to the
extent of the sum of (A) the cumulative amount of the reductions (if any) in the amount of related P&I Advances for

 

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 such Mortgage
Loan that have occurred in connection with related Appraisal Reduction Amounts or would have occurred in connection with related
Appraisal Reduction Amounts but for such P&I Advance not having been made as a result of a determination that such P&I
Advance would have been a Nonrecoverable Advance, plus (B) any unpaid interest that accrued at the related Net Mortgage Rate on
the portion of the Stated Principal Balance of such Mortgage Loan equal to any related Collateral Deficiency Amount in effect
from time to time and as to which no P&I Advance was made (to the extent collections have not been allocated as recovery of
accrued and unpaid interest pursuant to this clause fifth on earlier dates);

 

sixth,
as a recovery of amounts to be currently allocated to the payment of, or escrowed for the future payment of, real estate taxes,
assessments and insurance premiums and similar items relating to such Mortgage Loan;

 

seventh,
as a recovery of any other reserves to the extent then required to be held in escrow with respect to such Mortgage Loan;

 

eighth,
as a recovery of any Yield Maintenance Charge or Prepayment Premium then due and owing under such Mortgage Loan;

 

ninth,
as a recovery of any late payment charges and default interest then due and owing under such Mortgage Loan;

 

tenth,
as a recovery of any assumption fees, assumption application fees and Modification Fees then due and owing under such Mortgage
Loan;

 

eleventh,
as a recovery of any other amounts then due and owing under such Mortgage Loan other than remaining unpaid principal and other
than, if applicable accrued and unpaid Excess Interest (if both consent fees and Operating Advisor Consulting Fees are due and
owing, first, allocated to consent fees and then, allocated to Operating Advisor Consulting Fees);

 

twelfth,
as a recovery of any remaining principal of such Mortgage Loan to the extent of its entire remaining unpaid principal balance;
and

 

thirteenth,
in the case of an ARD Loan after the Anticipated Repayment Date, any accrued but unpaid Excess Interest;

 

provided
that to the extent required under the REMIC Provisions, payments or proceeds received (or receivable by exercise of the lender’s
rights under the related Mortgage Loan documents) with respect to any partial release of a Mortgaged Property (including in connection
with a condemnation) at a time when the loan-to-value ratio of the related Mortgage Loan or Serviced Whole Loan, as applicable,
exceeds 125%, or would exceed 125% following any partial release (based solely on the value of real property and excluding personal
property and going concern value, if any) must be collected and allocated to reduce the principal balance of the Mortgage Loan
or Serviced Whole Loan in the manner required by the REMIC Provisions; provided, further, that if a Non-Serviced
Mortgage Loan and any related Non-Serviced Companion Loan comprising a Non-Serviced Whole Loan become REO Loans, the treatment
of the foregoing

 

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amounts with respect to such Non-Serviced Whole Loan shall be subject to the terms of the related Non-Serviced
Intercreditor Agreement and Non-Serviced PSA, in that order; provided, further, that with respect to each Mortgage
Loan related to a Serviced Whole Loan, amounts collected with respect to the related Serviced Whole Loan shall be allocated first
pursuant to the terms of the related Intercreditor Agreement and then, any amounts allocated to the related Serviced Mortgage
Loan shall be subject to application as described above.

 

(ii)         Collections by or on behalf of the Trust in respect of any REO Property (exclusive of the amounts to be allocated to the payment
of the costs of operating, managing, leasing, maintaining and disposing of such REO Property and, in the case of each Serviced
Whole Loan, exclusive of any amounts payable to the holder or holders of the related Companion Loan(s) pursuant to the related
Intercreditor Agreement) shall be applied in the following order of priority:

 

first,
as a recovery of any unreimbursed Advances (including any Workout-Delayed Reimbursement Amount) with respect to the related Mortgage
Loan and interest at the Reimbursement Rate on all Advances and, if applicable, unreimbursed and unpaid additional trust fund
expenses of the Trust with respect to such Mortgage Loan;

 

second,
as a recovery of Nonrecoverable Advances and any interest on those Nonrecoverable Advances at the Reimbursement Rate, to the extent
previously paid or reimbursed from principal collections on the Mortgage Loans (as described in the first proviso in the definition
of Pooled Aggregate Principal Distribution Amount);

 

third,
to the extent not previously so allocated pursuant to clause first or second above, as a recovery of accrued and
unpaid interest on such Mortgage Loan (exclusive of default interest and Excess Interest) to the extent of the excess of (i) unpaid
interest accrued on such Mortgage Loan at the related Mortgage Rate in effect from time to time through the end of the applicable
mortgage interest accrual period, over (ii) after taking into account any allocations pursuant to clause fifth below or
clause fifth of the prior paragraph on earlier dates, the aggregate portion of the accrued and unpaid interest described
in subclause (i) of this clause third that either (A)(x) was not advanced because of the reductions (if any) in the amount
of related P&I Advances for such Mortgage Loan that have occurred in connection with related Appraisal Reduction Amounts or
(y) with respect to any accrued and unpaid interest that was not advanced due to a determination that the related P&I Advance
would be a Nonrecoverable Advance, the amount of interest that (absent such determination of nonrecoverability preventing such
P&I Advance from being made) would not have been advanced because of the reductions in the amount of related P&I Advances
for such Mortgage Loan that would have occurred in connection with related Appraisal Reduction Amounts or (B) accrued at
the related Net Mortgage Rate on the portion of the Stated Principal Balance of such Mortgage Loan equal to any related Collateral
Deficiency Amount in effect from time to time and as to which no P&I Advance was made;

 

fourth,
to the extent not previously allocated pursuant to clause first or second, as a recovery of principal of such Mortgage
Loan to the extent of its entire unpaid principal balance;

 

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fifth,
as a recovery of accrued and unpaid interest (exclusive of default interest and Excess Interest) on such Mortgage Loan to the
extent of the sum of (A) the cumulative amount of the reductions (if any) in the amount of related P&I Advances for such Mortgage
Loan that have occurred in connection with related Appraisal Reduction Amounts or would have occurred in connection with related
Appraisal Reduction Amounts but for such P&I Advance not having been made as a result of a determination that such P&I
Advance would have been a Nonrecoverable Advance, plus (B) any unpaid interest that accrued at the related Net Mortgage Rate on
the portion of the Stated Principal Balance of such Mortgage Loan equal to any related Collateral Deficiency Amount in effect
from time to time and as to which no P&I Advance was made (to the extent collections have not been allocated as recovery of
accrued and unpaid interest pursuant to this clause fifth or clause fifth of the prior paragraph on earlier dates);

 

sixth,
as a recovery of any Yield Maintenance Charge or Prepayment Premium then due and owing under such Mortgage Loan;

 

seventh,
as a recovery of any late payment charges and default interest then due and owing under such Mortgage Loan;

 

eighth,
as a recovery of any assumption fees, assumption application fees and Modification Fees then due and owing under such Mortgage
Loan;

 

ninth,
as a recovery of any other amounts then due and owing under such Mortgage Loan other than remaining unpaid principal and other
than, if applicable, accrued and unpaid Excess Interest (if both consent fees and Operating Advisor Consulting Fees are due and
owing, first, allocated to consent fees and then, allocated to Operating Advisor Consulting Fees); and

 

tenth,
in the case of an ARD Loan after the related Anticipated Repayment Date, any accrued but unpaid Excess Interest;

 

provided
that if a Non-Serviced Mortgage Loan and any related Non-Serviced Companion Loan comprising a Non-Serviced Whole Loan becomes
an REO Loan, the treatment of the foregoing amounts with respect to such Non-Serviced Whole Loan shall be subject to the terms
of the related Non-Serviced Intercreditor Agreement and Non-Serviced PSA, in that order; provided, further, that
with respect to each Mortgage Loan related to a Serviced Whole Loan, amounts collected with respect to the related Serviced Whole
Loan shall be allocated first pursuant to the terms of the related Intercreditor Agreement and then, any amounts allocated to
the related Serviced Mortgage Loan shall be subject to application as described above.

 

(iii)        Notwithstanding clauses (i) and (ii) above, such provisions shall not be deemed to affect the priority of distributions
of payments pursuant to the provisions of this Agreement. To the extent that such amounts are paid by a party other than a Mortgagor,
such amounts shall be deemed to have been paid in respect of a purchase of all or part of the Mortgaged Property (in the case
of Insurance and Condemnation

 

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Proceeds or Liquidation Proceeds) and then paid by the Mortgagor under the Mortgage Loan or Companion
Loan(s), as applicable, in accordance with Section 3.02(b)(ii) above.

 

(c)         (i)  All amounts collected by or on behalf of the Trust in respect of the Trust Subordinate Companion Loan shall be
applied to amounts due and owing under the related Mortgage Loan documents (including for principal and accrued and unpaid interest)
in accordance with the express provisions of the related Mortgage Loan documents; provided, however, that absent
express provisions in the related Mortgage Loan documents (including the 225 Bush Intercreditor Agreement), all amounts collected
by or on behalf of the Trust in respect of the Trust Subordinate Companion Loan in the form of payments from the related Mortgagor,
Liquidation Proceeds or Insurance and Condemnation Proceeds under the Trust Subordinate Companion Loan shall be applied in the
following order of priority:

 

first,
as a recovery of any unreimbursed Advances (including any Workout-Delayed Reimbursement Amount) with respect to the Trust Subordinate
Companion Loan and unpaid interest at the Reimbursement Rate on such Advances and, if applicable, unreimbursed and unpaid additional
trust fund expenses of the Trust;

 

second,
as a recovery of Nonrecoverable Advances and any interest on those Nonrecoverable Advances at the Reimbursement Rate, to the extent
previously paid or reimbursed from principal collections on the Trust Subordinate Companion Loan (as described in the first proviso
in the definition of the 225 Bush Aggregate Principal Distribution Amount);

 

third,
to the extent not previously so allocated pursuant to clause first or second above, as a recovery of accrued and
unpaid interest on the Trust Subordinate Companion Loan (exclusive of default interest and Excess Interest) to the extent of the
excess of (i) unpaid interest accrued on the Trust Subordinate Companion Loan at the related Mortgage Rate in effect from
time to time through the end of the applicable mortgage interest accrual period, over (ii) after taking into account any allocations
pursuant to clause fifth below on earlier dates, the aggregate portion of the accrued and unpaid interest described in
subclause (i) of this clause third that either (A)(x) was not advanced because of the reductions (if any) in the amount
of related P&I Advances for the Trust Subordinate Companion Loan that have occurred in connection with related Appraisal Reduction
Amounts or (y) with respect to any accrued and unpaid interest that was not advanced due to a determination that the related P&I
Advance would be a Nonrecoverable Advance, the amount of interest that (absent such determination of nonrecoverability preventing
such P&I Advance from being made) would not have been advanced because of the reductions in the amount of related P&I
Advances for such Mortgage Loan that would have occurred in connection with related Appraisal Reduction Amounts or (B) accrued
at the Net Mortgage Rate on the portion of the Stated Principal Balance of the Trust Subordinate Companion Loan equal to any related
Collateral Deficiency Amount in effect from time to time and as to which no P&I Advance was made;

 

fourth,
to the extent not previously allocated pursuant to clause first or second, as a recovery of principal of the Trust
Subordinate Companion Loan then due and owing,

 

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including by reason of acceleration of the Trust Subordinate Companion Loan following
a default thereunder (or, if the Trust Subordinate Companion Loan has been liquidated, as a recovery of principal to the extent
of its entire remaining unpaid principal balance);

 

fifth,
as a recovery of accrued and unpaid interest on the Trust Subordinate Companion Loan (exclusive of default interest and Excess
Interest) to the extent of the sum of (A) the cumulative amount of the reductions (if any) in the amount of related P&I Advances
for the Trust Subordinate Companion Loan that have occurred in connection with related Appraisal Reduction Amounts or would have
occurred in connection with related Appraisal Reduction Amounts but for such P&I Advance not having been made as a result
of a determination that such P&I Advance would have been a Nonrecoverable Advance, plus (B) any unpaid interest that accrued
at the related Net Mortgage Rate on the Trust Subordinate Companion Loan on the portion of the Stated Principal Balance of the
Trust Subordinate Companion Loan equal to any related Collateral Deficiency Amount in effect from time to time and as to which
no P&I Advance was made (to the extent collections have not been allocated as recovery of accrued and unpaid interest pursuant
to this clause fifth on earlier dates);

 

sixth,
as a recovery of amounts to be currently allocated to the payment of, or escrowed for the future payment of, real estate taxes,
assessments and insurance premiums and similar items relating to the Trust Subordinate Companion Loan;

 

seventh,
as a recovery of any other reserves to the extent then required to be held in escrow with respect to the Trust Subordinate Companion
Loan;

 

eighth,
as a recovery of any Yield Maintenance Charge or Prepayment Premium then due and owing under the Trust Subordinate Companion Loan;

 

ninth,
as a recovery of any late payment charges and default interest then due and owing under the Trust Subordinate Companion Loan;

 

tenth,
as a recovery of any assumption fees, assumption application fees and Modification Fees then due and owing under the Trust Subordinate
Companion Loan;

 

eleventh,
as a recovery of any other amounts then due and owing under the Trust Subordinate Companion Loan other than remaining unpaid principal
and other than, if applicable accrued and unpaid Excess Interest (if both consent fees and Operating Advisor Consulting Fees are
due and owing, first, allocated to consent fees and then, allocated to Operating Advisor Consulting Fees); and

 

twelfth,
as a recovery of any remaining principal of the Trust Subordinate Companion Loan to the extent of its entire remaining unpaid
principal balance;

 

provided
that to the extent required under the REMIC Provisions, payments or proceeds received (or receivable by exercise of the lender’s
rights under the related Mortgage Loan documents) with respect to any partial release of the 225 Bush Mortgaged Property (including
in connection with a condemnation) at a time when the loan-to-value ratio of the 225 Bush Whole Loan exceeds 125%, or would exceed
125% following any partial release (based solely on the value of

 

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real property and excluding personal property and going concern
value, if any) must be collected and allocated to reduce the principal balance of the 225 Bush Whole Loan in the manner required
by the REMIC Provisions; provided, that amounts collected with respect to the 225 Bush Whole Loan shall be allocated first
pursuant to the terms of the 225 Bush Intercreditor Agreement and then, any amounts allocated to the Trust Subordinate Companion
Loan shall be subject to application as described above.

 

(ii)         Collections by or on behalf of the Trust in respect of any REO Property (exclusive of the amounts to be allocated to the payment
of the costs of operating, managing, leasing, maintaining and disposing of such REO Property and exclusive of any amounts payable
to the holder or holders of the 225 Bush Mortgage Loan pursuant to the 225 Bush Intercreditor Agreement) shall be allocated for
purposes of collecting amounts due under the Trust Subordinate Companion Loan in the following order of priority:

 

first,
as a recovery of any unreimbursed Advances (including any Workout-Delayed Reimbursement Amount) with respect to the Trust Subordinate
Companion Loan and interest at the Reimbursement Rate on all Advances and, if applicable, unreimbursed and unpaid additional trust
fund expenses of the Trust with respect to the Trust Subordinate Companion Loan;

 

second,
as a recovery of Nonrecoverable Advances and any interest on those Nonrecoverable Advances at the Reimbursement Rate, to the extent
previously paid or reimbursed from principal collections on the Trust Subordinate Companion Loan (as described in the first proviso
in the definition of 225 Bush Aggregate Principal Distribution Amount);

 

third,
to the extent not previously so allocated pursuant to clause first or second above, as a recovery of accrued and
unpaid interest on the Trust Subordinate Companion Loan (exclusive of default interest and Excess Interest) to the extent of the
excess of (i) unpaid interest accrued on the Trust Subordinate Companion Loan at the related Mortgage Rate in effect from
time to time through the end of the applicable mortgage interest accrual period, over (ii) after taking into account any allocations
pursuant to clause fifth below or clause fifth of the prior paragraph on earlier dates, the aggregate portion of
the accrued and unpaid interest described in subclause (i) of this clause third that either (A)(x) was not advanced because
of the reductions (if any) in the amount of related P&I Advances for the Trust Subordinate Companion Loan that have occurred
in connection with related Appraisal Reduction Amounts or (y) with respect to any accrued and unpaid interest that was not advanced
due to a determination that the related P&I Advance would be a Nonrecoverable Advance, the amount of interest that (absent
such determination of nonrecoverability preventing such P&I Advance from being made) would not have been advanced because
of the reductions in the amount of related P&I Advances for the Trust Subordinate Companion Loan that would have occurred
in connection with related Appraisal Reduction Amounts or (B) accrued at the related Net Mortgage Rate on the Trust Subordinate
Companion Loan on the portion of the Stated Principal Balance of the Trust Subordinate Companion Loan equal to any related Collateral
Deficiency Amount in effect from time to time and as to which no P&I Advance was made;

 

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fourth,
to the extent not previously allocated pursuant to clause first or second, as a recovery of principal of the Trust
Subordinate Companion Loan to the extent of its entire unpaid principal balance;

 

fifth,
as a recovery of accrued and unpaid interest (exclusive of default interest and Excess Interest) on the Trust Subordinate Companion
Loan to the extent of the sum of (A) the cumulative amount of the reductions (if any) in the amount of related P&I Advances
for the Trust Subordinate Companion Loan that have occurred in connection with related Appraisal Reduction Amounts or would have
occurred in connection with related Appraisal Reduction Amounts but for such P&I Advance not having been made as a result
of a determination that such P&I Advance would have been a Nonrecoverable Advance, plus (B) any unpaid interest that accrued
at the related Net Mortgage Rate on the Trust Subordinate Companion Loan on the portion of the Stated Principal Balance of the
Trust Subordinate Companion Loan equal to any related Collateral Deficiency Amount in effect from time to time and as to which
no P&I Advance was made (to the extent collections have not been allocated as recovery of accrued and unpaid interest pursuant
to this clause fifth or clause fifth of the prior paragraph on earlier dates);

 

sixth,
as a recovery of any Yield Maintenance Charge or Prepayment Premium then due and owing under the Trust Subordinate Companion Loan;

 

seventh,
as a recovery of any late payment charges and default interest then due and owing under the Trust Subordinate Companion Loan;

 

eighth,
as a recovery of any assumption fees, assumption application fees and Modification Fees then due and owing under the Trust Subordinate
Companion Loan; and

 

ninth,
as a recovery of any other amounts then due and owing under the Trust Subordinate Companion Loan other than remaining unpaid principal
and other than, if applicable, accrued and unpaid Excess Interest (if both consent fees and Operating Advisor Consulting Fees
are due and owing, first, allocated to consent fees and then, allocated to Operating Advisor Consulting Fees);

 

provided
that amounts collected with respect to the 225 Bush Whole Loan shall be allocated first pursuant to the terms of the 225 Bush
Intercreditor Agreement and then, any amounts allocated to the Trust Subordinate Companion Loan shall be subject to application
as described above.

 

(iii)         Notwithstanding clauses (i) and (ii) above, such provisions shall not be deemed to affect the priority of distributions
of payments pursuant to the provisions of this Agreement. To the extent that such amounts are paid by a party other than a Mortgagor,
such amounts shall be deemed to have been paid in respect of a purchase of all or part of the Mortgaged Property (in the case
of Insurance and Condemnation Proceeds or Liquidation Proceeds) and then paid by the Mortgagor under the Mortgage Loan or Companion
Loan(s), as applicable, in accordance with Section 3.02(b)(ii) above.

 

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(d)         To the extent consistent with the terms of the Mortgage Loans (and, with respect to each Serviced Whole Loan, the related Serviced
Companion Loan(s), as applicable, and the related Intercreditor Agreement) and applicable law, the Master Servicer shall apply
all Insurance and Condemnation Proceeds it receives on a day other than the Due Date to amounts due and owing under the related
Mortgage Loan or Companion Loan(s) as if such Insurance and Condemnation Proceeds were received on the Due Date immediately succeeding
the month in which Insurance and Condemnation Proceeds were received and otherwise in accordance with Section 3.02(b)(ii)
and Section 3.02(c)(ii), as applicable, above.

 

(e)         In the event that the Master Servicer or Special Servicer receives Excess Interest prior to the Determination Date for any Collection
Period, or receives notice from the related Mortgagor that the Master Servicer or Special Servicer will be receiving Excess Interest
prior to the Determination Date for any Collection Period, the Master Servicer or Special Servicer, as the case may be, shall
notify the Trustee and Certificate Administrator two (2) Business Days prior to the related Distribution Date. None of the Master
Servicer, the Special Servicer, the Certificate Administrator or the Trustee shall be responsible for any failure of the related
Mortgagor to pay any such Excess Interest or prepayment penalty. The preceding statements shall not, however, be construed to
limit the provisions of Section 3.02(a).

 

(f)          With respect to any Mortgage Loan (or Trust Subordinate Companion Loan) in connection with which the Mortgagor was required to
escrow funds or to post a letter of credit related to obtaining certain performance objectives described in the applicable Mortgage
Loan documents or Trust Subordinate Companion Loan documents, the Master Servicer shall, to the extent consistent with the Servicing
Standard, hold such escrows, letters of credit and proceeds thereof as additional collateral and not apply such items to reduce
the principal balance of such Mortgage Loan or Serviced Companion Loan(s), unless otherwise required to do so pursuant to the
applicable Mortgage Loan documents, applicable law or court order.

 

(g)         Promptly following the Closing Date and, with respect to any Servicing Shift Mortgage Loan, promptly following receipt of notice
of the related Servicing Shift Securitization Date, in the case of any Non-Serviced Whole Loan, the Certificate Administrator
shall send written notice (in the form attached hereto as Exhibit T) to the related Non-Serviced Master Servicer (with
a copy to any other applicable party set forth on the schedule of addresses to Exhibit T) stating that, as of such date,
the Trustee is the holder of the related Non-Serviced Mortgage Loan and directing such Non-Serviced Master Servicer to remit to
the Master Servicer all amounts payable to, and to forward, deliver or otherwise make available, as the case may be, to the Master
Servicer all reports, statements, documents, communications and other information that are to be forwarded, delivered or otherwise
made available to, the holder of such Non-Serviced Mortgage Loan under the related Non-Serviced Intercreditor Agreement and the
related Non-Serviced PSA. The Master Servicer shall, within two (2) Business Days of receipt of available and properly identified
funds, deposit into the Collection Account all amounts received with respect to the related Non-Serviced Mortgage Loan, the related
Non-Serviced Mortgaged Property or any related REO Property.

 

Section 3.03      
Collection of Taxes, Assessments and Similar Items; Servicing Accounts. (a)  The Master Servicer shall establish
and maintain one or more accounts (the “Servicing Accounts”), into which all Escrow Payments shall be deposited
and retained, and

 

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 shall administer such Servicing Accounts in accordance with the Mortgage Loan documents and, if applicable,
the Companion Loan documents. Any Servicing Account related to a Serviced Whole Loan shall be held for the benefit of the Certificateholders
and the related Serviced Companion Noteholder collectively, but this shall not be construed to modify respective interests of
either noteholder therein as set forth in the related Intercreditor Agreement. Amounts on deposit in Servicing Accounts may only
be invested in accordance with the terms of the related Mortgage Loan documents and Companion Loan documents, as applicable, or
in Permitted Investments in accordance with the provisions of Section 3.05(j). Servicing Accounts shall be Eligible Accounts
to the extent permitted by the terms of the related Mortgage Loan documents. Withdrawals of amounts so deposited from a Servicing
Account may be made only to: (i) effect payment of items for which Escrow Payments were collected and comparable items; (ii) reimburse
the Trustee and then the Master Servicer, if applicable, for any Servicing Advances; (iii) refund to Mortgagors any sums
as may be determined to be overages; (iv) pay interest to Mortgagors on balances in the Servicing Account, if required by
applicable law or the terms of the related Mortgage Loan or Companion Loan as described below or, if not so required, to the Master
Servicer; (v) after the occurrence of an event of default under the related Mortgage Loan or Companion Loan, apply amounts
to the indebtedness under the applicable Mortgage Loan or Companion Loan; (vi) withdraw amounts deposited in error; (vii) pay
Penalty Charges to the extent permitted by the related Mortgage Loan documents; or (viii) clear and terminate the Servicing
Account at the termination of this Agreement in accordance with Section 9.01. As part of its servicing duties, the
Master Servicer shall pay or cause to be paid to the Mortgagors interest on funds in Servicing Accounts, to the extent required
by law or the terms of the related Mortgage Loan or Companion Loan; provided, however, that in no event shall the
Master Servicer be required to remit to any Mortgagor any amounts in excess of actual net investment income or funds in the related
Servicing Account. If allowed by the related Mortgage Loan documents and applicable law, the Master Servicer may charge the related
Mortgagor an administrative fee for maintenance of the Servicing Accounts.

 

(b)        The Special Servicer, in the case of REO Loans (other than any REO Loan succeeding a Non-Serviced Mortgage Loan), and the Master
Servicer, in the case of all other Mortgage Loans (other than a Non-Serviced Mortgage Loan), and each Serviced Companion Loan,
shall maintain accurate records with respect to each related Mortgaged Property reflecting the status of real estate taxes, assessments
and other similar items that are or may become a lien thereon and the status of insurance premiums and any ground rents payable
in respect thereof. The Special Servicer, in the case of REO Loans (other than any REO Loan succeeding a Non-Serviced Mortgage
Loan), and the Master Servicer, in the case of all other Mortgage Loans (other than a Non-Serviced Mortgage Loan) and each Serviced
Companion Loan, shall use reasonable efforts consistent with the Servicing Standard to obtain, from time to time, all bills for
the payment of such items (including renewal premiums) and shall effect payment thereof from the REO Account or by the Master
Servicer as Servicing Advances prior to the applicable penalty or termination date and, in any event, prior to the institution
of foreclosure or similar proceedings with respect to the related Mortgaged Property for nonpayment of such items, employing for
such purpose Escrow Payments (which shall be so applied by the Master Servicer at the written direction of the Special Servicer
in the case of REO Loans) as allowed under the terms of the related Mortgage Loan (other than a Non-Serviced Mortgage Loan) and
Companion Loan(s). Other than with respect to any Non-Serviced Mortgage Loan, the Master Servicer shall service and administer
any reserve accounts (including monitoring, maintaining or changing the

 

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amounts of required escrows) in accordance with the terms
of such Mortgage Loan and the related Serviced Companion Loan(s), as applicable, and the Servicing Standard. To the extent that
a Mortgage Loan (other than a Non-Serviced Mortgage Loan) and any related Companion Loan, as applicable, does not require a Mortgagor
to escrow for the payment of real estate taxes, assessments, insurance premiums, ground rents (if applicable) and similar items,
the Special Servicer, in the case of REO Loans, and the Master Servicer, in the case of all other Mortgage Loans or Companion
Loans, as applicable, that it is responsible for servicing hereunder, shall use reasonable efforts consistent with the Servicing
Standard to cause the Mortgagor to comply with its obligation to make payments in respect of such items at the time they first
become due and, in any event, prior to the institution of foreclosure or similar proceedings with respect to the related Mortgaged
Property for nonpayment of such items.

 

(c)        In accordance with the Servicing Standard and for each Mortgage Loan (other than any Non-Serviced Mortgage Loans) and each Serviced
Whole Loan, as applicable, the Master Servicer shall advance all such funds as are necessary for the purpose of effecting the
payment of (i) real estate taxes, assessments and other similar items that are or may become a lien thereon, (ii) ground
rents (if applicable) and (iii) premiums on Insurance Policies, in each instance if and to the extent Escrow Payments collected
from the related Mortgagor (or related REO Revenues, if applicable) are insufficient to pay such item when due and the related
Mortgagor has failed to pay such item on a timely basis, and provided, however, that the particular advance would
not, if made, constitute a Nonrecoverable Servicing Advance and provided, further, however, that with respect
to the payment of taxes and assessments, the Master Servicer shall not be required to make such advance until the later of (i) five
(5) Business Days after the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as the case may
be, has received confirmation that such item has not been paid and (ii) the date prior to the date after which any penalty
or interest would accrue in respect of such taxes or assessments. The Special Servicer shall give the Master Servicer and the
Trustee no less than five (5) Business Days’ written (facsimile or electronic) notice before the date on which the Master
Servicer is requested to make any Servicing Advance with respect to a given Specially Serviced Loan or REO Property; provided,
however, that only two (2) Business Days’ written (facsimile or electronic) notice shall be required in respect of
Servicing Advances required to be made on an emergency or urgent basis; provided, further, that the Special Servicer
shall not be entitled to make such a request (other than for Servicing Advances required to be made on an urgent or emergency
basis) more frequently than once per calendar month (although such request may relate to more than one Servicing Advance). The
Master Servicer may pay the aggregate amount of such Servicing Advances listed on a monthly request to the Special Servicer, in
which case the Special Servicer shall remit such Servicing Advances to the ultimate payees. The Special Servicer shall have no
obligation to make any Servicing Advances; provided that in an urgent or emergency situation requiring the making of a
Servicing Advance, the Special Servicer may make a Servicing Advance in its sole discretion. The Special Servicer shall deliver
to the Master Servicer a request for reimbursement for such Servicing Advance, along with all information and documentation in
the Special Servicer’s possession regarding the subject Servicing Advance as the Master Servicer may reasonably request,
and the Master Servicer shall be obligated, out of such Master Servicer’s own funds, to reimburse the Special Servicer for
any unreimbursed Servicing Advances (other than Nonrecoverable Servicing Advances) made by the Special Servicer pursuant to the
terms hereof, together with interest thereon at the Reimbursement Rate from the date made to, but not including, the date of reimbursement.
Such

 

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reimbursement and any accompanying payment of interest shall be made within five (5) Business Days of the written request
therefor pursuant to the preceding sentence by wire transfer of immediately available funds to an account designated in writing
by the Special Servicer. Upon the Master Servicer’s reimbursement to the Special Servicer of any Servicing Advance and payment
to the Special Servicer of interest thereon, all in accordance with this Section 3.03, the Master Servicer shall for
all purposes of this Agreement be deemed to have made such Servicing Advance at the same time as the Special Servicer actually
made such Servicing Advance, and accordingly, the Master Servicer shall be entitled to be reimbursed for such Servicing Advance,
together with interest thereon at the Reimbursement Rate, at the same time, in the same manner and to the same extent as the Master
Servicer would otherwise have been entitled if it had actually made such Servicing Advance at the time the Special Servicer did.
Notwithstanding the foregoing provisions of this Section 3.03(c), the Master Servicer shall not be required to reimburse
the Special Servicer out of its own funds for, or to make at the direction of the Special Servicer, any Servicing Advance if the
Master Servicer determines in its reasonable judgment that such Servicing Advance, although not characterized by the Special Servicer
as a Nonrecoverable Servicing Advance, is in fact a Nonrecoverable Servicing Advance. The Master Servicer shall notify the Special
Servicer in writing of such determination and, if applicable, such Nonrecoverable Servicing Advance shall instead be reimbursed
to the Special Servicer pursuant to Section 3.05 of this Agreement.

 

Any
request by the Special Servicer that the Master Servicer make a Servicing Advance shall be deemed to be a determination by the
Special Servicer that such requested Servicing Advance is not a Nonrecoverable Servicing Advance, and the Master Servicer shall
be entitled to conclusively rely on such determination, provided that the determination shall not be binding on the Master
Servicer or Trustee. On the first Business Day after the Determination Date for the related Distribution Date, the Special Servicer
shall report to the Master Servicer if the Special Servicer determines any Servicing Advance previously made by the Master Servicer
with respect to a Specially Serviced Loan or REO Loan is a Nonrecoverable Servicing Advance. The Master Servicer shall be entitled
to conclusively rely on such a determination, and such determination shall be binding upon the Master Servicer, but shall in no
way limit the ability of the Master Servicer in the absence of such determination to make its own determination that any Advance
is a Nonrecoverable Advance. If the Special Servicer makes a determination that only a portion of, and not all of, any previously
made or proposed Servicing Advance is a Nonrecoverable Advance, the Master Servicer shall have the right to make its own subsequent
determination that any remaining portion of any such previously made or proposed Servicing Advance is a Nonrecoverable Advance.
All such Advances shall be reimbursable in the first instance from related collections from the Mortgagors and further as provided
in Section 3.05(a). No costs incurred by the Master Servicer or the Special Servicer in effecting the payment of real
estate taxes, assessments and, if applicable, ground rents on or in respect of the Mortgaged Properties shall, for purposes hereof,
including, without limitation, the Certificate Administrator’s calculation of monthly distributions to Certificateholders,
be added to the unpaid principal balances of the related Mortgage Loans or any related Serviced Companion Loan, if applicable,
notwithstanding that the terms of such Mortgage Loans or related Serviced Companion Loan, if applicable, so permit. If the Master
Servicer fails to make any required Servicing Advance as and when due (including any applicable cure periods), to the extent the
Trustee has actual knowledge of such failure, the Trustee shall make such Servicing Advance pursuant to Section 7.05.
Notwithstanding anything herein to the contrary, no Servicing

 

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Advance shall be required hereunder if such Servicing Advance would,
if made, constitute a Nonrecoverable Servicing Advance. In addition, the Master Servicer shall consider Unliquidated Advances
in respect of prior Servicing Advances for purposes of nonrecoverability determinations. The Special Servicer shall have no obligation
to make any Servicing Advances under this Agreement.

 

Notwithstanding
anything to the contrary contained in this Section 3.03(c), the Master Servicer may in its good faith judgment elect
(but shall not be required unless directed by the Special Servicer with respect to Specially Serviced Loans and REO Loans) to
make a payment from amounts on deposit in the Collection Account (or any Companion Distribution Account maintained as a subaccount
thereof by a Companion Paying Agent, if applicable) (which shall be deemed first made from amounts distributable as principal
and then from all other amounts comprising general collections) to pay for certain expenses set forth below notwithstanding
that the Master Servicer (or Special Servicer, as applicable) has determined that a Servicing Advance with respect to such expenditure
would be a Nonrecoverable Servicing Advance (unless, with respect to Specially Serviced Loans or REO Loans, the Special Servicer
has notified the Master Servicer to not make such expenditure), where making such expenditure would prevent (i) the related
Mortgaged Property from being uninsured or being sold at a tax sale or (ii) any event that would cause a loss of the priority
of the lien of the related Mortgage, or the loss of any security for the related Mortgage Loan or Serviced Companion Loan(s);
provided that in each instance, the Master Servicer or the Special Servicer, as applicable, determines in accordance with
the Servicing Standard (as evidenced by an Officer’s Certificate delivered to the Trustee) that making such expenditure
is in the best interest of the Certificateholders (and, if applicable, the Companion Holders), all as a collective whole (taking
into account the subordinate or pari passu nature of any Companion Loans, as applicable). The Master Servicer or Trustee
may elect to obtain reimbursement of Nonrecoverable Servicing Advances from the Trust pursuant to the terms of Section 3.17(c).
The parties acknowledge that pursuant to the applicable Non-Serviced PSA, the applicable Non-Serviced Master Servicer is obligated
to make servicing advances with respect to the related Non-Serviced Whole Loan. The applicable Non-Serviced Master Servicer shall
be entitled to reimbursement for Nonrecoverable Servicing Advances with respect to such Non-Serviced Whole Loan (with, in each
case, any accrued and unpaid interest thereon provided for under the applicable Non-Serviced PSA) in the manner set forth in the
applicable Non-Serviced PSA and the applicable Non-Serviced Intercreditor Agreement.

 

(d)        In connection with its recovery of any Servicing Advance out of the Collection Account (or any Companion Distribution Account
maintained as a subaccount thereof by the Companion Paying Agent, if applicable) pursuant to Section 3.05(a), the
Trustee, the Special Servicer and then the Master Servicer, as the case may be and in that order, shall be entitled to receive,
out of any amounts then on deposit in the Collection Account interest at the Reimbursement Rate in effect from time to time, accrued
on the amount of such Servicing Advance from the date made to, but not including, the date of reimbursement. Subject to Section 3.17(c),
the Master Servicer shall reimburse itself, the Special Servicer or the Trustee, as the case may be, for any outstanding Servicing
Advance as soon as practically possible after funds available for such purpose are deposited in the Collection Account (or any
Companion Distribution Account maintained as a subaccount thereof by the Companion Paying Agent, if applicable) subject to the
Master Servicer’s or the Trustee’s options and rights to defer recovery

 

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of such amounts as provided herein; provided,
however, that such Master Servicer’s or Trustee’s options and rights to defer recovery of such amounts shall
not alter the Master Servicer’s obligation to reimburse the Special Servicer for any outstanding Servicing Advance as provided
for in this sentence. To the extent amounts on deposit in the Companion Distribution Account with respect to the related Companion
Loan are insufficient for any such reimbursement, the Master Servicer shall use efforts in accordance with the Servicing Standard
to enforce the rights of the holder of the related Mortgage Loan under the related Intercreditor Agreement to obtain any reimbursement
available from the holder of the related Companion Loan.

 

(e)         To the extent an operations and maintenance plan is required to be established and executed pursuant to the terms of a Mortgage
Loan (other than a Non-Serviced Mortgage Loan), the Master Servicer shall request from the Mortgagor written confirmation thereof
within a reasonable time after the later of the Closing Date and the date as of which such plan is required to be established
or completed. To the extent any repairs, capital improvements, actions or remediations are required to have been taken or completed
pursuant to the terms of the Mortgage Loan (other than a Non-Serviced Mortgage Loan), the Master Servicer shall request from the
Mortgagor written confirmation of such actions and remediations within a reasonable time after the later of the Closing Date and
the date as of which such action or remediations are required to be or to have been taken or completed. To the extent a Mortgagor
shall fail to promptly respond to any inquiry described in this Section 3.03(e), the Master Servicer shall report
any such failure to the Special Servicer within a reasonable time after the date as of which such actions or remediations are
required to be or to have been taken or completed.

 

Section 3.04      
The Collection Account, the Lower-Tier REMIC Distribution Account, the Upper-Tier REMIC Distribution Account, the Companion
Distribution Account, the Interest Reserve Account, the Pooled Non-VRR Gain-on-Sale Reserve Account, the Pooled VRR Gain-On-Sale
Reserve Account, the 225 Bush Non-VRR Gain-On-Sale Reserve Account, the Excess Interest Distribution Account, the 225 Bush VRR
Gain-On-Sale Reserve Account and the Trust Subordinate Companion Loan REMIC Distribution Account. (a)  The Master
Servicer shall establish and maintain, or cause to be established and maintained, a Collection Account in which the Master Servicer
shall deposit or cause to be deposited and in no event later than the second Business Day following receipt of properly identified
funds (in the case of payments by Mortgagors or other collections on the Mortgage Loans or Companion Loans), except as otherwise
specifically provided herein, the following payments and collections received or made by or on behalf of it subsequent to the
Cut-off Date (other than in respect of principal and interest on the Mortgage Loans or Companion Loans due and payable on or before
the Cut-off Date, which payments shall be delivered promptly to the appropriate Mortgage Loan Seller or its respective designee
and other than any amounts received from Mortgagors which are received in connection with the purchase of defeasance collateral),
or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a period subsequent
thereto:

 

(i)          all payments on account of principal, including Principal Prepayments on the Mortgage Loans or principal prepayments on Serviced
Companion Loans;

 

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(ii)         all payments on account of interest on the Mortgage Loans or the Serviced Companion Loans, including Excess Interest, Prepayment
Premiums, Yield Maintenance Charges and Default Interest;

 

(iii)        late payment charges and other Penalty Charges to the extent required to offset interest on Advances and additional expenses of
the Trust (other than Special Servicing Fees, Workout Fees or Liquidation Fees) as required by Section 3.11(d);

 

(iv)        all Insurance and Condemnation Proceeds and Liquidation Proceeds (other than Gain-on-Sale Proceeds or Non-Serviced Gain-on-Sale
Proceeds) received in respect of any Mortgage Loan, Serviced Companion Loan or REO Property (other than (A) Liquidation Proceeds
that are received in connection with the purchase by the Master Servicer, the Special Servicer, the Holders of the majority of
the Controlling Class, or the Holders of the Class R Certificates of all the Mortgage Loans, the Trust Subordinate Companion
Loan and any REO Properties in the Trust Fund and that are to be deposited in the Lower-Tier REMIC Distribution Account pursuant
to Section 9.01 and (B) any proceeds that are received in connection with the purchase, if any, of a Serviced
Pari Passu Companion Loan from a securitization by the related mortgage loan seller, which shall be paid directly to the servicer
of such securitization) together with any recovery of Unliquidated Advances in respect of the related Mortgage Loans;

 

(v)         any amounts required to be transferred from the REO Account pursuant to Section 3.14(c);

 

(vi)        any amounts required to be deposited by the Master Servicer pursuant to Section 3.05(j) in connection with losses incurred
with respect to Permitted Investments of funds held in the Collection Account; and

 

(vii)       any amounts required to be deposited by the Master Servicer or the Special Servicer pursuant to Section 3.07(b) in
connection with losses resulting from a deductible clause in a blanket hazard or master single interest policy.

 

Notwithstanding
the foregoing requirements, the Master Servicer need not deposit into the Collection Account any amount that the Master Servicer
would be authorized to withdraw immediately from such account in accordance with the terms of Section 3.05 and shall
be entitled to instead immediately pay such amount directly to the Person(s) entitled thereto; provided that such amounts
shall be applied in accordance with the terms hereof and shall be reported as if deposited in such Collection Account and then
withdrawn.

 

The
foregoing requirements for deposit in the Collection Account shall be exclusive, it being understood and agreed that, without
limiting the generality of the foregoing, actual payments from Mortgagors in the nature of Escrow Payments, charges for beneficiary
statements or demands, assumption fees, modification fees, extension fees, defeasance fees, amounts collected for Mortgagor checks
returned for insufficient funds or other amounts the Master Servicer or the Special Servicer would be entitled to retain as additional
servicing compensation need not be deposited by the Master Servicer in the Collection Account. If the Master Servicer shall deposit
in the Collection Account any amount not required to be deposited

 

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therein, it may at any time withdraw such amount from the Collection
Account, any provision herein to the contrary notwithstanding. Assumption, extension and modification fees actually received from
Mortgagors on Specially Serviced Loans shall be promptly delivered to the Special Servicer as additional servicing compensation.

 

Upon
receipt of any of the foregoing amounts in clauses (i) through (iv) above with respect to any Specially Serviced
Loans, the Special Servicer shall remit within one (1) Business Day such amounts to the Master Servicer for deposit into the Collection
Account, in accordance with this Section 3.04(a). Any such amounts received by the Special Servicer with respect to
an REO Property shall be deposited by the Special Servicer into the REO Account and remitted to the Master Servicer for deposit
into the Collection Account, pursuant to Section 3.14(c). With respect to any such amounts paid by check to the order
of the Special Servicer, the Special Servicer shall endorse without recourse or warranty such check to the order of the Master
Servicer and shall promptly deliver any such check to the Master Servicer by overnight courier. Funds in the Collection Account
may only be invested in Permitted Investments in accordance with the provisions of Section 3.05(j). As of the Closing
Date, the Collection Account for the Master Servicer shall be located at the offices of Midland Loan Services, a Division of PNC
Bank, National Association. The Master Servicer shall give notice to the Trustee, the Special Servicer, the Certificate Administrator
and the Depositor of the new location of the Collection Account prior to any change thereof.

 

For
purposes of determining amounts to be deposited in the Collection Account in respect of a Trust Subordinate Companion Loan and
the related Mortgage Loan, the Master Servicer shall determine the allocation of such amounts in accordance with the related Intercreditor
Agreement. All amounts so allocable to such Trust Subordinate Companion Loan shall be held separate and apart from other amounts
deposited in the Collection Account (or in a subaccount or ledger account of the Collection Account) and may be withdrawn from
the Collection Account (pursuant to Section 3.04 and otherwise) only to the extent set forth in this Agreement and not
specifically prohibited under the related Intercreditor Agreement.

 

(b)        The Certificate Administrator, on behalf of the Trustee, shall establish and maintain (i) the Lower-Tier REMIC Distribution Account
and the Interest Reserve Account in trust for the benefit of the Certificateholders (other than the Holders of Class S Certificates),
(ii)  (A) the Pooled Non-VRR Gain-on-Sale Reserve Account (if established) for the benefit of the Certificateholders (other
than the Holders of the Class S), (B) the Pooled VRR Gain-on-Sale Reserve Account (if established) for the benefit of the holders
of the VRR Interest (C) the 225 Bush Non-VRR Gain-on-Sale Reserve Account (if established) for the benefit of the Loan Specific
Non-VRR Certificateholders, and (D) the 225 Bush VRR Gain-on-Sale Reserve Account (if established) for the benefit of the Holders
of the 225B-VRR Interest, (iii) the Upper-Tier REMIC Distribution Account for the benefit of the Certificateholders (other than
the Holders of Class S Certificates) and (iv) the Excess Interest Distribution Account for the benefit of the Holders of
the Class S Certificates and the VRR Interest. The Master Servicer shall deliver to the Certificate Administrator each month on
or before the Master Servicer Remittance Date therein, for deposit (x) in the Lower-Tier REMIC Distribution Account, that
portion of the Pooled Aggregate Available Funds attributable to the Mortgage Loans (in each case, calculated without regard to
clauses (a)(iii)(B), (a)(iv), (c) and (d) of the definition of Pooled Aggregate Available Funds)
for the related Distribution Date, (y) in the Excess Interest Distribution

 

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Account all Excess Interest for the related Distribution
Date, in each case to the extent on deposit in the Collection Account after giving effect to withdrawals of funds pursuant to
Section 3.05(a)(ii) and (z) in the Trust Subordinate Companion Loan REMIC Distribution Account, the 225 Bush Available
Funds attributable to the Trust Subordinate Companion Loan without regard to clauses (a)(iii)(B), (a)(iv),
(c) and (d) of the definition of the 225 Bush Available Funds.

With respect to each
Companion Loan (excluding any Non-Serviced Companion Loan and the Trust Subordinate Companion Loan), the Companion Paying Agent
shall establish and maintain the Companion Distribution Account, which may be a subaccount of the Collection Account, for distributions
to each Companion Holder, to be held for the benefit of the related Companion Holder and shall, within two (2) Business Days following
the Companion Paying Agent’s receipt of properly identified and available funds (to the extent consistent with the related
Intercreditor Agreement), deposit in the Companion Distribution Account any and all amounts received by the Companion Paying Agent
that are required by the terms of this Agreement or the applicable Intercreditor Agreement to be deposited therein; provided,
however, that the Companion Paying Agent shall separately track for each Serviced Companion Loan all amounts deposited with
respect to such Serviced Companion Loan. The Master Servicer shall deliver to the Companion Paying Agent each month, on or before
the Master Servicer Remittance Date therein, for deposit in the Companion Distribution Account, an aggregate amount of immediately
available funds, to the extent received with respect to the related Serviced Whole Loan, to the extent of available funds, equal
to the amount to be distributed to the related Companion Holder pursuant to the terms of this Agreement and the related Intercreditor
Agreement. Notwithstanding the preceding, the following provisions shall apply to remittances relating to the Serviced Companion
Loans that have been deposited into an Other Securitization: (1) on each Serviced Whole Loan Remittance Date, the Master Servicer
shall withdraw from the Collection Account (or applicable portion thereof) an aggregate amount equal to all payments and/or collections
actually received on, and payable to, such Serviced Companion Loans prior to such dates; provided, however, that
in no event shall the Master Servicer be required to transfer to the Companion Distribution Account any portion thereof that is
payable or reimbursable to or at the direction of any party to this Agreement under the other provisions of this Agreement and/or
the related Intercreditor Agreement; (2) on each Serviced Whole Loan Remittance Date, the Companion Paying Agent shall make the
payments and remittance described in Section 4.01(l), which payments and remittance shall be made, in each case, on the
Serviced Whole Loan Remittance Date. With respect to any Serviced Whole Loan, in the event the Master Servicer receives any properly
identified and available late collections, the Master Servicer shall remit to the applicable Other Servicer or Other Trustee, within
two (2) Business Day following receipt of such late collections in properly identified and available funds, the amount allocable
to such Serviced Pari Passu Companion Loan in accordance with the terms of this Agreement and the related Intercreditor Agreement.

 

The
Lower-Tier REMIC Distribution Account, the Upper-Tier REMIC Distribution Account, the Interest Reserve Account, the Excess Interest
Distribution Account, the Trust Subordinate Companion Loan REMIC Distribution Account and, if established, the Pooled Non-VRR
Gain-on-Sale Reserve Account, the Pooled VRR Gain-on-Sale Reserve Account, the 225 Bush Non-VRR Gain-on-Sale Reserve Account and
the 225 Bush VRR Gain-on-Sale

 

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Reserve Account, may be subaccounts of a single Eligible Account, which shall be maintained as a
segregated account separate from other accounts.

 

In
addition to the amounts required to be deposited in the Lower-Tier REMIC Distribution Account or the Trust Subordinate Companion
Loan REMIC Distribution Account pursuant to this Section 3.04, the Master Servicer shall, as and when required hereunder,
deliver to the Certificate Administrator for deposit in the Lower-Tier REMIC Distribution Account or the Trust Subordinate Companion
Loan REMIC Distribution Account, as applicable:

 

(i)         any amounts required to be deposited by the Master Servicer pursuant to Section 3.17(a) as Compensating Interest Payments
(other than the portion of any Compensating Interest Payment allocated to a Serviced Pari Passu Companion Loan) in connection
with Prepayment Interest Shortfalls;

 

(ii)        any P&I Advances required to be made by the Master Servicer in accordance with Section 4.03;

 

(iii)       any Liquidation Proceeds paid by the Master Servicer, the Special Servicer, the Holders of the Controlling Class or the Holders
of the Class R Certificates in connection with the purchase of all of the Mortgage Loans, the Trust Subordinate Companion
Loan and any REO Properties in the Trust Fund pursuant to Section 9.01 (exclusive of that portion thereof required
to be deposited in the Collection Account pursuant to Section 9.01);

 

(iv)       any Prepayment Premiums and Yield Maintenance Charges with respect to the Mortgage Loans and the Trust Subordinate Companion Loan
actually collected; and

 

(v)        any other amounts required to be so delivered for deposit in the Lower-Tier REMIC Distribution Account or the Trust Subordinate
Companion Loan REMIC Distribution Account (in respect of the Trust Subordinate Companion Loan) pursuant to any provision of this
Agreement.

 

If,
as of the close of business (New York City time) on any Master Servicer Remittance Date or on such other date as any amount referred
to in the foregoing clauses (i) through (v) or any Excess Interest is required to be delivered hereunder, the
Master Servicer shall not have delivered to the Certificate Administrator for deposit in the Lower-Tier REMIC Distribution Account
or the Excess Interest Distribution Account or the Trust Subordinate Companion Loan REMIC Distribution Account (in respect of
the Trust Subordinate Companion Loan), as applicable, the amounts required to be deposited therein pursuant to the provisions
of this Agreement (including any P&I Advance with respect to the Mortgage Loans, pursuant to Section 4.03(a) hereof),
the Master Servicer shall pay the Certificate Administrator interest on such late payment at the Prime Rate from and including
the date such payment was required to be made (without regard to any Grace Period set forth in Section 7.01(a)(i))
until (but not including) the date such late payment is received by the Certificate Administrator.

 

The
Certificate Administrator shall, upon receipt, deposit in the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution
Account or the Trust Subordinate

 

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Companion Loan REMIC Distribution Account (in respect of the Trust Subordinate Companion Loan),
as applicable, any and all amounts received by the Certificate Administrator that are required by the terms of this Agreement
to be deposited therein.

 

Promptly
on each Distribution Date, the Certificate Administrator shall be deemed to withdraw from the Lower-Tier REMIC Distribution Account
and deposit in the Upper-Tier REMIC Distribution Account an aggregate amount of immediately available funds equal to the Lower-Tier
Distribution Amount and the amount of any Prepayment Premiums and Yield Maintenance Charges for such Distribution Date allocated
in payment of the Lower-Tier Regular Interests as specified in Section 4.01(b) and Section 4.01(f), respectively.

 

Funds
on deposit in the Interest Reserve Account, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account,
the Excess Interest Distribution Account, the Trust Subordinate Companion Loan REMIC Distribution Account or if established, the
Pooled Non-VRR Gain-on-Sale Reserve Account, the Pooled VRR Gain-on-Sale Reserve Account, the 225 Bush Non-VRR Gain-on-Sale Reserve
Account and the 225 Bush VRR Gain-on-Sale Reserve Account, shall not be invested for so long as Wells Fargo Bank, National Association
is the Certificate Administrator; provided, however, that if, at any time, Wells Fargo Bank, National Association
is no longer the Certificate Administrator, such funds may be invested and, if invested, shall be invested by, and at the risk
of, the Certificate Administrator, in Permitted Investments selected by the party hereunder that maintains such account which
shall mature, unless payable on demand, not later than such time on the Distribution Date which will allow the Certificate Administrator
to make withdrawals from the Distribution Account, and any such Permitted Investment shall not be sold or disposed of prior to
its maturity unless payable on demand. All such Permitted Investments shall be made in the name of “[name of successor certificate
administrator], as Certificate Administrator, for the benefit of Wells Fargo Bank, National Association, as Trustee for the Holders
of the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 as their interests may
appear”, or in the name of any successor trustee, as Trustee for the Holders of the Benchmark 2019-B14 Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2019-B14 as their interests may appear. None of the Trust, the Depositor, the Mortgagors,
the Master Servicer or the Special Servicer shall be liable for any loss incurred on such Permitted Investments.

 

An
amount equal to all income and gain realized from any such investment shall be paid to the Certificate Administrator as additional
compensation and shall be subject to its withdrawal at any time from time to time. The amount of any losses incurred in respect
of any such investments shall be for the account of the Certificate Administrator which shall deposit the amount of such loss
(to the extent not offset by income from other investments) in the Distribution Accounts, as the case may be, out of its own funds
immediately as realized. If the Certificate Administrator deposits in or transfers to the Distribution Accounts, as the case may
be, any amount not required to be deposited therein or transferred thereto, it may at any time withdraw such amount or retransfer
such amount from the Distribution Accounts, as the case may be, any provision herein to the contrary notwithstanding.

 

As
of the Closing Date, the Interest Reserve Account, the Excess Interest Distribution Account, the Upper-Tier REMIC Distribution
Account, the Lower-Tier REMIC

 

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Distribution Account and the Trust Subordinate Companion Loan REMIC Distribution Account shall be
located at the offices of the Certificate Administrator. The Certificate Administrator shall give notice to the Trustee, the Master
Servicer and the Depositor of the proposed location of the Interest Reserve Account, the Excess Interest Distribution Account,
the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Trust Subordinate Companion Loan REMIC
Distribution Account and, if established, the Pooled Non-VRR Gain-on-Sale Reserve Account, the Pooled VRR Gain-on-Sale Reserve
Account, the 225 Bush Non-VRR Gain-on-Sale Reserve Account and the 225 Bush VRR Gain-on-Sale Reserve Account, prior to any change
thereof.

 

For
the avoidance of doubt, the Collection Account (other than (i) any portion holding Excess Interest or amounts attributable
to the Trust Subordinate Companion Loan and (ii) the Companion Distribution Account, if it is a sub-account of the Collection
Account), the Lower-Tier REMIC Distribution Account, the Pooled Non-VRR Gain-on-Sale Reserve Account, the Pooled VRR Gain-on-Sale
Reserve Account, the 225 Bush Non-VRR Gain-on-Sale Reserve Account, the 225 Bush VRR Gain-on-Sale Reserve Account, any Servicing
Account, the REO Account, and the Interest Reserve Account (including interest, if any, earned on the investment of funds in such
accounts) will be owned by the Lower-Tier REMIC; the Companion Distribution Account (including interest, if any, earned on the
investment of funds in such account) will be owned by the Companion Holders, as applicable; the Excess Interest Distribution Account
and any portion of the Collection Account holding Excess Interest (including interest if any, earned on the investment of funds
in such accounts) shall be owned by the Grantor Trust for the benefit of the Holders of the Class S Certificates and the
VRR Interest; the Upper-Tier REMIC Distribution Account (including interest, if any, earned on the investment of funds such account)
will be owned by the Upper-Tier REMIC; and the Trust Subordinate Companion Loan REMIC Distribution Account (including interest,
if any, earned on the investment of funds such account) will be owned by the Trust Subordinate Companion Loan REMIC, each for
federal income tax purposes.

 

(c)        [Reserved]

 

(d)        Prior to any Determination Date for the first Collection Period during which Excess Interest is received on any Mortgage Loan,
and upon notification from the Master Servicer or Special Servicer pursuant to Section 3.02(e), the Certificate Administrator,
on behalf of the Certificateholders, shall establish and maintain the Excess Interest Distribution Account in its own name on
behalf of the Trustee in trust for the benefit of the Holders of the Class S Certificates and the VRR Interest. The Excess
Interest Distribution Account shall be established and maintained as an Eligible Account (or as a subaccount of an Eligible Account).
Prior to the applicable Distribution Date, the Master Servicer shall remit to the Certificate Administrator for deposit in the
Excess Interest Distribution Account an amount equal to the Excess Interest received prior to the Determination Date for the applicable
Collection Period. Following the distribution of Excess Interest to Holders of the Class S Certificates and the VRR Interest on
the first Distribution Date after which there are no longer any Mortgage Loans outstanding which pursuant to their terms could
pay Excess Interest, the Certificate Administrator shall terminate the Excess Interest Distribution Account.

 

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(e)        The Certificate Administrator shall establish (upon notice from the Special Servicer of an event occurring that generates Gain-on-Sale
Proceeds) and maintain (i) the Pooled Non-VRR Gain-on-Sale Reserve Account for the benefit of the Pooled Non-VRR Certificateholders
and (ii) the Pooled VRR Gain-on-Sale Reserve Account for the benefit of the Holders of the VRR Interest. (iii) the 225
Bush Non-VRR Gain-on-Sale Reserve Account for the benefit of the Loan-Specific Non-VRR Certificateholders, and (iv) the 225
Bush VRR Gain-on-Sale Reserve Account for the benefit of the Class 225B-VRR Certificateholders. Each of the Pooled Non-VRR Gain-on-Sale
Reserve Account, the Pooled VRR Gain-on-Sale Reserve Account, the 225 Bush Non-VRR Gain-on-Sale Reserve Account and the 225 Bush
VRR Gain-on-Sale Reserve Account shall be maintained as an Eligible Account (or as a subaccount of an Eligible Account), separate
and apart from trust funds for mortgage pass-through certificates of other series administered by the Certificate Administrator.

 

Upon
the disposition of any REO Property, in accordance with Section 3.09 or Section 3.16, the Special Servicer will
calculate the Gain-on-Sale Proceeds, if any, realized that are allocable to the Mortgage Loan, in connection with such sale and
remit (i) the Pooled Non-VRR Percentage of such Gain-on-Sale Proceeds to the Master Servicer, who shall remit such funds
to the Certificate Administrator for deposit into the Pooled Non-VRR Gain-on-Sale Reserve Account, and (ii) the Pooled VRR
Percentage of such Gain-on-Sale Proceeds to the Master Servicer, who shall remit such funds to the Certificate Administrator for
deposit into the Pooled VRR Gain-on-Sale Reserve Account. In the case of the 225 Bush Whole Loan, the Special Servicer shall calculate
the Gain-on-Sale Proceeds, if any, realized that are allocable to the Trust Subordinate Companion Loan in accordance with the
terms of the related Intercreditor Agreement, in connection with such sale and remit (i) the 225 Bush Non-VRR Percentage of such
Gain-on-Sale Proceeds to the Master Servicer, who shall remit such funds to the Certificate Administrator for deposit into the
225 Bush Non-VRR Gain-on-Sale Reserve Account and (ii) the 225 Bush VRR Percentage of such Gain-on-Sale Proceeds to the Master
Servicer, who shall remit such funds to the Certificate Administrator for deposit into the 225 Bush VRR Gain-on-Sale Reserve Account.
Any gain on such disposition that is allocable to any related Companion Loan in accordance with the terms of the related Intercreditor
Agreement shall be remitted by the Special Servicer to the Companion Paying Agent for deposit into the Companion Distribution
Account.

 

(f)         Any Non-Serviced Gain-on-Sale Proceeds received with respect to any Non-Serviced Mortgage Loan pursuant to the related Non-Serviced
PSA shall be remitted to the Certificate Administrator as follows: (i) the Pooled Non-VRR Percentage of such Non-Serviced
Gain-on-Sale Proceeds for deposit into the Pooled Non-VRR Gain-on-Sale Reserve Account and (ii) the Pooled VRR Percentage
of such Non-Serviced Gain-on-Sale Proceeds for deposit into the Pooled VRR Gain-on-Sale Reserve Account.

 

(g)        The Certificate Administrator shall establish and maintain the Class VRR Interest Distribution Account in its own name for the
benefit of the Trustee, for the benefit of the Holders of the Class VRR Interest Certificate, which shall be an asset of the Grantor
Trust and beneficially owned by the Holders of the Class VRR Interest Certificates and shall not be an asset of any Trust REMIC.
The Class VRR Interest Distribution Account shall be established and maintained as an Eligible Account or as a sub-account of
an Eligible Account.

 

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(h)        [Reserved].

 

(i)         If any Loss of Value Payments are received in connection with a Material Defect pursuant to or as contemplated by Section 3.05(g)
of this Agreement, the Special Servicer shall establish and maintain one or more accounts (collectively, the “Loss
of Value Reserve Fund”) to be held for the benefit of the Certificateholders, for purposes of holding such Loss of Value
Payments. Each account that constitutes the Loss of Value Reserve Fund shall be an Eligible Account or a sub-account of an Eligible
Account. The Special Servicer shall, upon receipt, deposit in the Loss of Value Reserve Fund all Loss of Value Payments received
by it. The Certificate Administrator shall, based upon information obtained from the CREFC® reports delivered by
the Master Servicer pursuant to the terms hereof, account for the Loss of Value Reserve Fund as an outside reserve fund within
the meaning of Treasury Regulations Section 1.860G-2(h) and not an asset of any Trust REMIC or the Grantor Trust. Furthermore,
for all federal tax purposes, the Certificate Administrator shall (i) treat amounts paid out of the Loss of Value Reserve
Fund through the Collection Account to the Certificateholders as contributed to and distributed by the Trust REMICs and (ii) treat
any amounts paid out of the Loss of Value Reserve Fund through the Collection Account to a Mortgage Loan Seller as distributions
by the Trust to such Mortgage Loan Seller as beneficial owner of the Loss of Value Reserve Fund. The applicable Mortgage Loan
Seller will be the beneficial owner of the Loss of Value Reserve Fund for all federal income tax purposes, and shall be taxable
on all income earned thereon.

 

(j)         The Certificate Administrator shall establish and maintain the Trust Subordinate Companion Loan REMIC Distribution Account, in
its own name on behalf of the Trustee, in trust for the benefit of the Holders of the Loan-Specific Certificates, which shall
be assets of the Trust and the Trust Subordinate Companion Loan REMIC, but shall not be assets of any other Trust REMICs. The
Trust Subordinate Companion Loan REMIC Distribution Account shall be established and maintained as an Eligible Account or a subaccount
of an Eligible Account. The Certificate Administrator shall make or be deemed to have made deposits in and withdrawals from the
Trust Subordinate Companion Loan REMIC Distribution Account in accordance with Section 3.05 and Article IV of this
Agreement.

 

Section 3.05      
Permitted Withdrawals from the Collection Account, the Distribution Accounts and the Companion Distribution Account. (a)  The
Master Servicer may, from time to time, make withdrawals from the Collection Account (or the applicable subaccount of the Collection
Account) for any of the following purposes (the following not being an order of priority and without duplication of the same payment
or reimbursement):

 

(i)         (A) no later than 4:00 p.m., New York City time, on each Master Servicer Remittance Date, to remit to the Certificate
Administrator for deposit in the Lower-Tier REMIC Distribution Account (or the Trust Subordinate Companion Loan REMIC Distribution
Account in respect of the Trust Subordinate Companion Loan) the amounts required to be remitted pursuant to the first paragraph
of Section 3.04(b) or that may be applied to make P&I Advances pursuant to Section 4.03(a) and
an amount equal to the Excess Interest received in the applicable one-month period ending on the related Determination Date; and
(B) pursuant to the second paragraph of Section 3.04(b), to remit to the Companion Paying Agent for deposit in
the Companion Distribution Account

 

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the amounts required to be so deposited with respect to the Companion Loans (other than the
Trust Subordinate Companion Loan);

 

(ii)        (A) to pay itself (or, with respect to any Transferable Servicing Interest, to pay Midland Loan Services, a Division of PNC
Bank, National Association if Midland Loan Services, a Division of PNC Bank, National Association is no longer the Master Servicer,
any such interest pursuant to Section 3.11(a)) unpaid Servicing Fees in respect of each Mortgage Loan, Companion Loan,
Specially Serviced Loan, and REO Loan, as applicable, the Master Servicer’s rights to payment of Servicing Fees pursuant
to this clause (ii)(A) with respect to any Mortgage Loan, related Serviced Companion Loan, Specially Serviced Loan
or REO Loan, as applicable, being limited to amounts received on or in respect of such Mortgage Loan or related Serviced Companion
Loan (whether in the form of payments, Liquidation Proceeds or Insurance and Condemnation Proceeds) or such REO Loan (whether
in the form of REO Revenues, Liquidation Proceeds or Insurance and Condemnation Proceeds), that are allocable as recovery of interest
thereon, (B) to pay the Special Servicer any unpaid Special Servicing Fees, Liquidation Fees and Workout Fees in respect
of each Specially Serviced Loan or REO Loan or Corrected Loan, as applicable, and any expense incurred by the Special Servicer
in connection with performing any inspections pursuant to Section 3.12(a), remaining unpaid first, out of related
REO Revenues, Liquidation Proceeds, Insurance and Condemnation Proceeds and collections in respect of the related Specially Serviced
Loan (provided that, in the case of such payment relating to a Serviced Whole Loan, such payment shall be made, subject
to the terms of the related Intercreditor Agreement (i) with respect to a Serviced Pari Passu Whole Loan, pro rata
and pari passu, from the related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu Companion Loan, in accordance
with their respective Stated Principal Balances, or (ii) with respect to a Serviced AB Whole Loan, first, from the
related AB Subordinate Companion Loan, as applicable, and then, pro rata and pari passu, from the related
Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan(s) (if any), in accordance with the respective Stated
Principal Balances of the related Serviced Mortgage Loan and Serviced Pari Passu Companion Loan(s)) and then out of general
collections on the Mortgage Loans and REO Properties, (C) to pay the Operating Advisor any unpaid Operating Advisor Fees
or Operating Advisor Consulting Fees in respect of each Mortgage Loan, Specially Serviced Loan or REO Loan (in each case, other
than any related Companion Loan), as applicable, the Operating Advisor’s right to payment of the Operating Advisor Fee or
Operating Advisor Consulting Fee pursuant to this clause (ii)(C) with respect to any Mortgage Loan, Specially Serviced
Loan or REO Loan (in each case, other than any related Companion Loan), as applicable, being limited to amounts received on or
in respect of such Mortgage Loan (whether in the form of payments, P&I Advances (solely with respect to the Operating Advisor
Fee), Liquidation Proceeds or Insurance and Condemnation Proceeds), Specially Serviced Loan or REO Loan (whether in the form of
REO Revenues, Liquidation Proceeds or Insurance and Condemnation Proceeds), that are allocable as recovery of interest thereon,
and (D) to pay the Asset Representations Reviewer (1) any unpaid Asset Representations Reviewer Fee in respect of each Mortgage
Loan, Specially Serviced Loan or REO Loan (in each case, other than (i) any related Companion Loan, (ii) any Servicing Shift Whole
Loan and (iii) any Non-Serviced Mortgage Loan), as applicable, the Asset Representations Reviewer’s right to payment of
the Asset Representations Reviewer Fee

 

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pursuant to this clause (ii)(D)(1) with respect to any Mortgage Loan, Specially
Serviced Loan or REO Loan (in each case, other than (i) any related Companion Loan, (ii) any Servicing Shift Whole Loan
and (iii) any Non-Serviced Mortgage Loan), as applicable, being limited to amounts received on or in respect of such Mortgage
Loan (whether in the form of payments, P&I Advances, Liquidation Proceeds or Insurance and Condemnation Proceeds), Specially
Serviced Loan or REO Loan (whether in the form of REO Revenues, Liquidation Proceeds or Insurance and Condemnation Proceeds),
that are allocable as recovery of interest thereon, or (2) (to the extent such fee is payable as a Trust Fund expense) any unpaid
Asset Representations Reviewer Asset Review Fee payable in connection with any Asset Review that was performed as a result of
an Affirmative Asset Review Vote;

 

(iii)        to reimburse the Trustee and itself, as applicable (in that order), for unreimbursed P&I Advances, the Master Servicer’s
or the Trustee’s right to reimbursement pursuant to this clause (iii) being limited to amounts received which
represent Late Collections of interest (net of the related Servicing Fee) on and principal of the particular Mortgage Loans and
REO Loans with respect to which P&I Advances were made; provided that with respect to each Serviced Whole Loan, reimbursement
of P&I Advances shall be made only from amounts collected with respect to the related Serviced Mortgage Loan and not from
any amounts collected with respect to any related Serviced Companion Loan (provided that, with respect to any AB Subordinate
Companion Loan, the foregoing shall not limit or otherwise modify the terms of the related Intercreditor Agreement pursuant to
which any amounts collected with respect to the related Whole Loan are allocated to the related Serviced Mortgage Loan and AB
Subordinate Companion Loan) prior to reimbursement from other funds unrelated to such Serviced Whole Loan on deposit in the Collection
Account; provided, further, that if such P&I Advance with respect to a Mortgage Loan becomes a Workout-Delayed
Reimbursement Amount, then the maker of such P&I Advance shall additionally, but without duplication, thereafter be entitled
to reimbursement for such P&I Advance from the portion of general collections and recoveries on or in respect of the Mortgage
Loans and REO Properties on deposit in the Collection Account from time to time that represent collections or recoveries of principal
to the extent provided in clause (v) below; and provided, further, that if such Advance becomes a Nonrecoverable
Advance, then such Advance shall be reimbursable pursuant to clause (v) below;

 

(iv)        to reimburse the Trustee, the Special Servicer and itself, as applicable (in that order), for unreimbursed Servicing Advances,
the Master Servicer’s, the Special Servicer’s or the Trustee’s respective rights to receive payment pursuant
to this clause (iv) with respect to any Mortgage Loan (other than a Non-Serviced Mortgage Loan) or any related Companion
Loan or any REO Property being limited to, as applicable, related payments, Liquidation Proceeds, Insurance and Condemnation Proceeds
and REO Revenues (provided that, in the case of such reimbursement relating to a Serviced Whole Loan, such reimbursements
shall be made, subject to the terms of the related Intercreditor Agreement (i) with respect to a Serviced Pari Passu Whole
Loan, pro rata and pari passu, from the related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu Companion
Loan(s) in accordance with their respective Stated Principal Balances, or (ii) with respect to a Serviced AB Whole Loan,
first, from the

 

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related AB Subordinate Companion Loan and then, pro rata and pari passu, from the
related Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan(s) (if any), in accordance with the respective
Stated Principal Balances of the related Serviced Mortgage Loan and Serviced Pari Passu Companion Loan(s) (provided that,
with respect to any Serviced AB Subordinate Companion Loan, the foregoing shall not limit or otherwise modify the terms of the
related Intercreditor Agreement pursuant to which any amounts collected with respect to the related Whole Loan are allocated to
the related Serviced Mortgage Loan and Serviced AB Subordinate Companion Loan)), prior to reimbursement from other funds unrelated
to such Serviced Whole Loan on deposit in the Collection Account related to any Mortgage Loan); provided, however,
that if such Servicing Advance becomes a Workout-Delayed Reimbursement Amount, then the maker of such Servicing Advance shall
additionally, but without duplication, thereafter be entitled to reimbursement for such Servicing Advance from the portion of
general collections and recoveries on or in respect of the Mortgage Loans and REO Properties on deposit in the Collection Account
from time to time that represent collections or recoveries of principal to the extent provided in clause (v) below;
provided, further, that if such Advance becomes a Nonrecoverable Advance, then such Advance shall be reimbursable
pursuant to clause (v) below;

 

(v)         to reimburse the Trustee, the Special Servicer and itself, as applicable (in that order) (1) for Nonrecoverable Advances
first, out of REO Revenues, Liquidation Proceeds and Insurance and Condemnation Proceeds, if any, received on the related
Mortgage Loan and any related Companion Loan (with respect to such Companion Loan (excluding the Trust Subordinate Companion Loan),
only for Nonrecoverable Servicing Advances made with respect thereto), then, out of the principal portion of general collections
on the Mortgage Loans and REO Properties, then, to the extent the principal portion of general collections is insufficient
and with respect to such excess only, subject to any exercise of the sole option to defer reimbursement thereof pursuant to Section 3.17(c),
out of general collections on the Mortgage Loans and REO Properties, (2) for Workout-Delayed Reimbursement Amounts, out of
the principal portion of the general collections on the Mortgage Loans and REO Properties net of such amounts being reimbursed
pursuant to (1) above; (provided that, in case of such reimbursement of a Nonrecoverable Servicing Advance relating to
a Serviced Whole Loan, such reimbursement shall be made, subject to the terms of the related Intercreditor Agreement) (i) with
respect to a Serviced Pari Passu Whole Loan, pro rata and pari passu, from the related Serviced Pari Passu Mortgage
Loan and Serviced Pari Passu Companion Loan(s) in accordance with their respective Stated Principal Balances, or (ii) with
respect to a Serviced AB Whole Loan, first, from the related AB Subordinate Companion Loan (which, for the avoidance of
doubt, includes any Subordinate Trust Companion Loan), and then, pro rata and pari passu, from the related
Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan(s) (if any), in accordance with the respective Stated
Principal Balances of the related Serviced Mortgage Loan and Serviced Pari Passu Companion Loan(s), then in the case of a Servicing
Advance relating to the 225 Bush Whole Loan, from general collections on the Trust Subordinate Companion Loan; and provided,
further, that, in case of such reimbursement with respect to Nonrecoverable Servicing Advances relating to a Serviced Whole
Loan, such reimbursement shall be made as described above in this clause (v)(1) and (v)(2), from 

 

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funds related
to such Serviced Whole Loan (and, in the case of the 225 Bush Whole Loan to the extent described above, from funds related to
the Trust Subordinate Companion Loan) prior to reimbursement from other funds unrelated to such Serviced Whole Loan (and, in the
case of a 225 Bush Whole Loan, from funds related to the Trust Subordinate Companion Loan) on deposit in the Collection Account;
provided, further, that (A) with respect to a Serviced Mortgage Loan (other than the 225 Bush Mortgage Loan), reimbursement
of Nonrecoverable P&I Advances from funds collected from the related Serviced Whole Loan shall be made only from amounts collected
with respect to such Serviced Mortgage Loan (and not from any amounts collected with respect to the related Serviced Companion
Loan(s)), in accordance with the terms of the related Intercreditor Agreement, (B) with respect to reimbursement of Nonrecoverable
P&I Advances related to the 225 Bush Mortgage Loan, such reimbursement shall be made first, from amounts collected
with respect to the related Trust Subordinate Companion Loan, then, from amounts collected on such 225 Bush Mortgage Loan,
and then, from general collections on the Mortgage Loans and REO Properties as described in clause (1) above, and (C) with
respect to reimbursement of Nonrecoverable P&I Advances related to the Trust Subordinate Companion Loan, such reimbursement
shall be made first, out of general collections on the Trust Subordinate Companion Loan, and then, from amounts
collected on the related 225 Bush Mortgage Loan (but, for the avoidance of doubt, not from general collections on the Mortgage
Loans or REO Properties) (provided that, with respect to any AB Whole Loan, the foregoing with respect to Nonrecoverable Servicing
Advances and Nonrecoverable P&I Advances shall not limit or otherwise modify the terms of the related Intercreditor Agreement
pursuant to which any amounts collected with respect to the related Whole Loan, are allocated to the related Serviced Mortgage
Loan and Serviced AB Subordinate Companion Loan, prior to reimbursement from other funds unrelated to such Serviced Whole Loan
on deposit in the Collection Account related to any Mortgage Loan) or (3) to pay itself, with respect to any Mortgage Loan,
any related Companion Loan, if applicable, or REO Property any related earned Servicing Fee that remained unpaid in accordance
with clause (ii) above following a Final Recovery Determination made with respect to such Mortgage Loan or REO Property
and the deposit into the Collection Account of all amounts received in connection therewith;

 

(vi)        at such time as it reimburses the Trustee and itself, as applicable (in that order) or any Other Trustee or Other Servicer for
a related securitization trust in respect of any Serviced Pari Passu Companion Loan for (a) any unreimbursed P&I Advance
(including any such P&I Advance that constitutes a Workout-Delayed Reimbursement Amount) pursuant to clause (iii)
or clause (v) above, to pay itself and/or the Trustee or such other servicing party, as applicable, any interest
accrued and payable thereon in accordance with Sections 4.03(d) and 3.11(d), (b) any unreimbursed Servicing
Advances (including any such Servicing Advance that constitutes a Workout-Delayed Reimbursement Amount) pursuant to clause (iv)
or clause (v) above, to pay itself, the Special Servicer or the Trustee, or Other Trustee or Other Servicer as
the case may be, any interest accrued and payable thereon in accordance with Section 3.03(d) and Section 3.11(d)
or (c) any Nonrecoverable Advances pursuant to clause (v) above, to pay itself, the Special Servicer or the
Trustee, or Other Trustee or Other Servicer as the case may be, any interest accrued and payable thereon; provided that
in all events, subject to 

 

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the related Intercreditor Agreement, interest on P&I Advances on any Serviced Mortgage Loan shall
not be paid from funds actually distributable to any related Serviced Companion Loan, and interest on Servicing Advances on any
Serviced Whole Loan shall be paid (i) with respect to a Serviced Pari Passu Whole Loan, pro rata and pari passu,
out of collections on the related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu Companion Loan(s) in accordance with
their respective outstanding principal balances, or (ii) with respect to a Serviced AB Whole Loan, first, out of collections
on the related AB Subordinate Companion Loan and then, pro rata and pari passu, out of collections on the
related Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan(s) (if any), in accordance with the respective
Stated Principal Balances of the related Serviced Mortgage Loan and Serviced Pari Passu Companion Loan(s) (provided that,
with respect to any AB Subordinate Companion Loan, the foregoing shall not limit or otherwise modify the terms of the related
Intercreditor Agreement pursuant to which any amounts collected with respect to the related Whole Loan are allocated to the related
Serviced Mortgage Loan and AB Subordinate Companion Loan);

 

(vii)      to reimburse itself, the Special Servicer, the Asset Representations Reviewer or the Trustee, as the case may be, for any unreimbursed
expenses reasonably incurred by such Person in respect of any Material Defect giving rise to a repurchase or substitution obligation
of the applicable Mortgage Loan Seller or any other obligation of the Mortgage Loan Seller under Section 6 of the applicable
Mortgage Loan Purchase Agreement, including, without limitation, any expenses arising out of the performance of its duties under
Section 2.02 and/or Section 2.03 of this Agreement or out of the enforcement of the repurchase or substitution
obligation or any other obligation of the Mortgage Loan Seller, each such Person’s right to reimbursement pursuant to this
clause (vii) with respect to any Mortgage Loan or Trust Subordinate Companion Loan, as applicable, being limited to
that portion of the Purchase Price, the Loss of Value Payment or Substitution Shortfall Amount paid with respect to such Mortgage
Loan, that represents such expense in accordance with clause (iv) of the definition of Purchase Price;

 

(viii)     in accordance with Section 2.03(f), to reimburse itself or the Special Servicer, as the case may be, first,
out of Liquidation Proceeds, Insurance and Condemnation Proceeds, if any, with respect to the related Mortgage Loan, Trust Subordinate
Companion Loan or REO Loan, and then out of general collections on the Mortgage Loans, Trust Subordinate Companion Loan
and REO Properties, for any unreimbursed expense reasonably incurred by such Person in connection with the performance of its
duties under Section 2.02 and/or Section 2.03 of this Agreement or in connection with the enforcement
of the applicable Mortgage Loan Seller’s obligations under Section 6 of the applicable Mortgage Loan Purchase Agreement,
but only to the extent that such expenses are not reimbursable pursuant to clause (vii) above or otherwise; provided
that, in case of such reimbursement out of Liquidation Proceeds, and Insurance and Condemnation Proceeds described above relating
to a Serviced Whole Loan, such reimbursement shall be made, subject to the terms of the related Intercreditor Agreement (i) with
respect to a Serviced Pari Passu Whole Loan, pro rata and pari passu, from the related Serviced Pari Passu Mortgage
Loan and Serviced Pari Passu Companion Loan(s) in accordance with their respective Stated Principal Balances or

 

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(ii) with
respect to a Serviced AB Whole Loan, first, from the related AB Subordinate Companion Loan, and then, pro rata
and pari passu, from the related Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan(s) (if any),
in accordance with the respective Stated Principal Balances of the related Serviced Mortgage Loan and Serviced Pari Passu Companion
Loan(s) (provided that, with respect to any AB Subordinate Companion Loan, the foregoing shall not limit or otherwise modify
the terms of the related Intercreditor Agreement pursuant to which any amounts collected with respect to the related Whole Loan
are allocated to the related Serviced Mortgage Loan and AB Subordinate Companion Loan), in each case, prior to being payable out
of general collections with respect to the Mortgage Loans;

 

(ix)         to pay for costs and expenses incurred by the Trust pursuant to Section 3.09(c) first, out of REO Revenues,
Liquidation Proceeds, Insurance and Condemnation Proceeds with respect to the related Mortgage Loan, Serviced Companion Loan or
REO Loan and then out of general collections on the Mortgage Loans and REO Properties; provided that, in case of
such reimbursement relating to a Serviced Whole Loan, such reimbursement shall be made, subject to the terms of the related Intercreditor
Agreement (i) with respect to a Serviced Pari Passu Whole Loan, pro rata and pari passu, from the related Serviced
Pari Passu Mortgage Loan and Serviced Pari Passu Companion Loan(s) in accordance with their respective Stated Principal Balances
or (ii) with respect to a Serviced AB Whole Loan, first, from the related AB Subordinate Companion Loan (if any) and
then, pro rata and pari passu, from the related Serviced Mortgage Loan and the related Serviced Pari Passu
Companion Loan(s) (if any), in accordance with the respective Stated Principal Balances of the related Serviced Mortgage Loan
and Serviced Pari Passu Companion Loan(s) (provided that, with respect to any AB Subordinate Companion Loan, the foregoing
shall not limit or otherwise modify the terms of the related Intercreditor Agreement pursuant to which any amounts collected with
respect to the related Whole Loan are allocated to the related Serviced Mortgage Loan and AB Subordinate Companion Loan), in each
case, prior to being payable out of general collections with respect to the Mortgage Loan;

 

(x)          to pay itself, as additional servicing compensation in accordance with Section 3.11(a), (a) (1) interest
and investment income earned in respect of amounts relating to the Trust Fund held in the Collection Account and the Companion
Distribution Account as provided in Section 3.06(b) (but only to the extent of the Net Investment Earnings with respect
to the Collection Account and the Companion Distribution Account for the period from and including the prior Distribution Date
to and including the Master Servicer Remittance Date related to such Distribution Date), (2) Penalty Charges (other than
Penalty Charges collected while the related Mortgage Loan and any related Serviced Companion Loan is a Specially Serviced Loan),
but only to the extent collected from the related Mortgagor and to the extent that all amounts then due and payable with respect
to the related Mortgage Loan and any related Serviced Companion Loan have been paid and such Penalty Charges are not needed to
pay interest on Advances or costs and expenses incurred by the Trust (other than Special Servicing Fees, Liquidation Fees and
Workout Fees) in accordance with Section 3.11(d) and (3) the difference, if positive, between Prepayment Interest
Excess and Prepayment Interest Shortfalls collected on the Mortgage Loans (other than the Non-Serviced Mortgage

 

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Loans) and any
Serviced Companion Loan, during the related Collection Period to the extent not required to be paid as Compensating Interest Payments;
and (b) to pay the Special Servicer, as additional servicing compensation in accordance with Section 3.11(c),
Penalty Charges collected on Specially Serviced Loans (but only to the extent collected from the related Mortgagor and to the
extent that all amounts then due and payable with respect to the related Specially Serviced Loan have been paid and such Penalty
Charges are not needed to pay interest on Advances or costs and expenses incurred by the Trust (other than Special Servicing Fees,
Liquidation Fees and Workout Fees) in accordance with Section 3.11(d));

 

(xi)         to recoup any amounts deposited in the Collection Account in error;

 

(xii)        to pay itself, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer or any of their
respective directors, officers, members, managers, employees and agents, or CREFC®, as the case may be, out of
general collections, any amounts payable to any such Person pursuant to Section 3.11(g), Section 3.18(h),
Section 6.04(a) or Section 6.04(b); provided that, in case of such reimbursement (other than a
reimbursement of any amounts payable to CREFC®) relating to a Serviced Whole Loan, such reimbursement shall be
made, subject to the terms of the related Intercreditor Agreement (i) with respect to a Serviced Pari Passu Whole Loan, pro
rata and pari passu, from the related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu Companion Loan(s) in
accordance with their respective Stated Principal Balances or (ii) with respect to a Serviced AB Whole Loan, first,
from the related AB Subordinate Companion Loan (if any), and then, pro rata and pari passu, from the related
Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan(s) (if any), in accordance with the respective Stated
Principal Balances of the related Serviced Mortgage Loan and Serviced Pari Passu Companion Loan(s) (provided that, with
respect to any AB Subordinate Companion Loan, the foregoing shall not limit or otherwise modify the terms of the related Intercreditor
Agreement pursuant to which any amounts collected with respect to the related Whole Loan are allocated to the related Serviced
Mortgage Loan and AB Subordinate Companion Loan), in each case, prior to being payable out of general collections with respect
to the Mortgage Loans;

 

(xiii)       to pay for (a) the cost of the Opinions of Counsel contemplated by Sections 3.09(b), 3.14(a), 3.15(b),
Section 3.18(b), Section 3.18(c), 3.18(g) and 10.01(f) to the extent payable out of the
Trust Fund, (b) the cost of any Opinion of Counsel contemplated by Sections 13.01(a) or Section 13.01(c)
in connection with an amendment to this Agreement requested by the Trustee or the Master Servicer, which amendment is in furtherance
of the rights and interests of Certificateholders and (c) the cost of obtaining the REO Extension contemplated by Section 3.14(a);
provided that, in case of such reimbursement relating to a Serviced Whole Loan, such reimbursement shall be made, subject
to the terms of the related Intercreditor Agreement (i) with respect to the related Serviced Pari Passu Whole Loan, pro
rata and pari passu, from the related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu Companion Loan(s) in
accordance with their respective Stated Principal Balances or (ii) with respect to a Serviced AB Whole Loan, first,
from the related AB Subordinate Companion Loan (if any), and then, pro rata and pari passu, from the related
Serviced Mortgage Loan and the related Serviced Pari

 

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 Passu Companion Loan(s) (if any), in accordance with the respective Stated
Principal Balances of the related Serviced Mortgage Loan and Serviced Pari Passu Companion Loan(s) (provided that, with
respect to any AB Subordinate Companion Loan, the foregoing shall not limit or otherwise modify the terms of the related Intercreditor
Agreement pursuant to which any amounts collected with respect to the related Whole Loan are allocated to the related Serviced
Mortgage Loan and AB Subordinate Companion Loan), in each case, prior to being payable out of general collections with respect
to the Mortgage Loans;

 

(xiv)      to pay out of general collections on the Mortgage Loans and the REO Properties any and all federal, state and local taxes imposed
on any Trust REMIC, or any of their assets or transactions, together with all incidental costs and expenses, to the extent that
none of the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee is liable therefor pursuant to
Section 10.01(g);

 

(xv)       to reimburse the Certificate Administrator out of general collections on the Mortgage Loans, the Trust Subordinate Companion Loan
and REO Properties for expenses incurred by and reimbursable to it by the Trust pursuant to Section 10.01(c);

 

(xvi)      to pay the applicable Mortgage Loan Seller or any other Person, with respect to each Mortgage Loan, if any (or the Trust Subordinate
Companion Loan, if applicable), previously purchased by such Person pursuant to this Agreement, all amounts received thereon subsequent
to the date of purchase relating to periods after the date of purchase; or, in the case of the substitution for a Mortgage Loan
by a Mortgage Loan Seller as contemplated by Section 2.03(b), to pay such Mortgage Loan Seller with respect to the
replaced Mortgage Loan all amounts received thereon subsequent to the date of substitution, and with respect to the related Qualified
Substitute Mortgage Loan(s), all Periodic Payments due thereon during or prior to the month of substitution, in accordance with
Section 2.03(b);

 

(xvii)     to remit to the Certificate Administrator for deposit in the Interest Reserve Account the amounts required to be deposited in
the Interest Reserve Account pursuant to Section 3.21;

 

(xviii)    to reimburse the Operating Advisor for any Operating Advisor Expenses incurred by and reimbursable to it by the Trust pursuant
to Section 3.26(i);

 

(xix)       to remit to the Companion Paying Agent for deposit into the Companion Distribution Account the amounts required to be deposited
pursuant to Section 3.04(b) without duplication of amounts remitted to the Companion Paying Agent pursuant to clause (i)
above;

 

(xx)        to clear and terminate the Collection Account at the termination of this Agreement pursuant to Section 9.01; and

 

(xxi)       to pay for any expenditures to be borne by the Trust pursuant to the third paragraph of Section 3.03(c).

 

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The
Master Servicer shall also be entitled to make withdrawals from time to time, from the Collection Account of amounts necessary
for the payments or reimbursement of amounts required to be paid to the applicable Non-Serviced Master Servicer, the applicable
Non-Serviced Special Servicer, the applicable Non-Serviced Trustee, the applicable Non-Serviced Certificate Administrator or any
other applicable party to the applicable Non-Serviced PSA by the holder of a Non-Serviced Mortgage Loan pursuant to the applicable
Non-Serviced Intercreditor Agreement and the applicable Non-Serviced PSA.

 

The
Master Servicer shall keep and maintain separate accounting records, on a loan-by-loan and property by property basis when appropriate,
for the purpose of justifying any withdrawal from the Collection Account.

 

The
Master Servicer shall pay to the Special Servicer, the Trustee or the Certificate Administrator from the Collection Account amounts
permitted to be paid to it therefrom monthly upon receipt of a certificate of a Servicing Officer of the Special Servicer or a
Responsible Officer of the Trustee or the Certificate Administrator describing the item and amount to which the Special Servicer,
the Trustee or the Certificate Administrator is entitled. The Master Servicer may rely conclusively on any such certificate and
shall have no duty to re-calculate the amounts stated therein. The Special Servicer shall keep and maintain separate accounting
for each Specially Serviced Loan and REO Loan, on a loan-by-loan basis and, when appropriate, on a property-by-property basis,
for the purpose of justifying any request for withdrawal from the Collection Account. Notwithstanding the above, no written certificate
is required for a payment of Special Servicing Fees and/or Workout Fees arising from collections other than the initial collection
on a Corrected Loan.

 

Notwithstanding
anything to the contrary in this Section 3.05 or elsewhere in this Agreement, no amounts payable or reimbursable to
the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or the Operating Advisor out of general
collections that do not specifically relate to a Serviced Whole Loan may be reimbursable from amounts that would otherwise be
payable to the related Companion Loan(s), as applicable, except as specifically described in this Agreement with respect to the
Trust Subordinate Companion Loan in the case of expenses not allocated to any particular Mortgage Loan.

 

(b)           
The Certificate Administrator may, from time to time, make withdrawals from the Lower-Tier REMIC Distribution Account for any
of the following purposes (the following not being an order of priority):

 

(i)            
to be deemed to make deposits of the Lower-Tier Distribution Amount pursuant to Section 4.01(b) and the amount of
any Prepayment Premiums and Yield Maintenance Charges distributable pursuant to Section 4.01(f) in the Upper-Tier REMIC
Distribution Account, and to make distributions on the Class R Certificates in respect of the Class LR Interest pursuant
to Section 4.01(b);

 

(ii)            
to pay to the Trustee and the Certificate Administrator or any of their directors, officers, employees and agents, as the case
may be, any amounts payable or reimbursable to any such Person with respect to the Mortgage Loans pursuant to Section 8.05(b);

 

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(iii)           
to pay the Certificate Administrator and the Trustee, the Certificate Administrator Fee and the Trustee Fee, as applicable, as
contemplated by Section 8.05(a) hereof with respect to the Mortgage Loans;

 

(iv)           
to pay for the cost (without duplication) of the Opinions of Counsel sought by (A) the Trustee or the Certificate Administrator
as provided in clause (vi) of the definition of “Disqualified Organization,” (B) the Trustee, the
Certificate Administrator, the Master Servicer or the Special Servicer as contemplated by Section 3.18(c), (C) the
Trustee or the Certificate Administrator as contemplated by Section 5.08(c) or Section 8.02(ii) to the
extent payable out of the Trust Fund, (D) the Trustee, the Certificate Administrator, the Master Servicer or the Special
Servicer as contemplated by Section 10.01(f) or Section 10.01(l) to the extent payable out of the Trust
Fund, or (E) the Trustee, the Certificate Administrator, the Master Servicer or the Special Servicer as contemplated by Section 13.01(a)
or Section 13.01(c) in connection with any amendment to this Agreement requested by the Trustee or the Certificate
Administrator, which amendment is in furtherance of the rights and interests of Certificateholders, in each case, to the extent
not paid pursuant to Section 13.01(g);

 

(v)            
to pay any and all federal, state and local taxes imposed on the Lower-Tier REMIC or the Upper-Tier REMIC or on the assets or
transactions of any such REMIC, together with all incidental costs and expenses, to the extent none of the Trustee, the Certificate
Administrator, the REMIC Administrator, the Master Servicer or the Special Servicer is liable therefor pursuant to Section 10.01(g);

 

(vi)           
to pay the REMIC Administrator any amounts reimbursable to it pursuant to Section 10.01(c) with respect to the Lower-Tier
REMIC or the Upper-Tier REMIC;

 

(vii)          
to pay to the Master Servicer any amounts deposited by the Master Servicer in the Distribution Accounts not required to be deposited
therein; and

 

(viii)         
to clear and terminate the Lower-Tier REMIC Distribution Account at the termination of this Agreement pursuant to Section 9.01.

 

(c)            
The Certificate Administrator shall, on any Distribution Date, make withdrawals from the Excess Interest Distribution Account
to the extent required to make the distributions of Excess Interest required by Section 4.01(k).

 

(d)           
The Certificate Administrator shall make, or be deemed to make, withdrawals from the Upper-Tier REMIC Distribution Account for
any of the following purposes:

 

(i)            
to make (A) distributions to Certificateholders (other than Holders of the Grantor Trust Certificates) on each Distribution Date
pursuant to Section 4.01 or Section 9.01 of this Agreement (in the case of Holders of the Class R Certificates,
in respect of the Class UTR Interest), as applicable and (B) deposits of the Pooled VRR Available Funds and any Prepayment Premiums
and Yield Maintenance Charges distributable pursuant to Section 4.01(f) into the Class VRR Interest Distribution Account
on each Distribution Date pursuant to Section 4.01 of this Agreement; and

 

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(ii)            
to clear and terminate the Upper-Tier REMIC Distribution Account at the termination of this Agreement pursuant to Section 9.01.

 

(e)            
The Certificate Administrator may make withdrawals from the Class VRR Interest Distribution Account for any of the following purposes:

 

(i)            
to make distributions to Holders of Class VRR Interest Certificates on each Distribution Date pursuant to Section 4.01 or
Section 9.01 of this Agreement, as applicable;

 

(ii)            
to recoup any amounts deposited in the Class VRR Interest Distribution Account in error; and

 

(iii)           
to clear and terminate the Class VRR Interest Distribution Account at the termination of this Agreement pursuant to Section
9.01 of this Agreement.

 

(f)            
Notwithstanding anything herein to the contrary, with respect to any Mortgage Loan, (i) if amounts on deposit in the Collection
Account and the Lower-Tier REMIC Distribution Account are not sufficient to pay the full amount of the Servicing Fee listed in
Section 3.05(a)(ii), the Operating Advisor Fee listed in Section 3.05(a)(ii) and the Certificate Administrator
Fee listed in Section 3.05(b)(ii) and (b)(iii), then the Certificate Administrator Fee shall be paid in full
prior to the payment of any Servicing Fees payable under Section 3.05(a)(ii) and then, after payment of Servicing
Fees, the Operating Advisor Fees payable under Section 3.05(a)(ii) and in the event that amounts on deposit in the
Collection Account and the Lower-Tier REMIC Distribution Account are not sufficient to pay the full amount of such Certificate
Administrator Fee, the Certificate Administrator shall be paid based on the amount of such fees and (ii) if amounts on deposit
in the Collection Account are not sufficient to reimburse the full amount of Advances and interest thereon listed in Sections 3.05(a)(iii),
(a)(iv), (a)(v) and (a)(vi), then reimbursements shall be paid first to the Certificate Administrator
and to the Trustee, pro rata, second to the Special Servicer, third to the Master Servicer and then
to the Operating Advisor.

 

(g)           
If any Loss of Value Payments are deposited into the Loss of Value Reserve Fund with respect to any Mortgage Loan, the Trust Subordinate
Companion Loan or any related Serviced REO Property, then the Special Servicer shall promptly (provided that, (1) with
respect to clause (iv) below, the Special Servicer shall have provided notice to the Master Servicer of the occurrence
of such liquidation event and (2) with respect to clause (v) below, the Certificate Administrator shall have provided
the Master Servicer and the Special Servicer with five (5) Business Days’ prior notice of such final Distribution Date)
transfer such Loss of Value Payments (up to the remaining portion thereof) from the Loss of Value Reserve Fund to the Master Servicer
for deposit into the Collection Account for the following purposes:

 

(i)            
to reimburse the Master Servicer, the Special Servicer or the Trustee, in accordance with Section 3.05(a) of this
Agreement, for any Nonrecoverable Advance made by such party with respect to such Mortgage Loan, Trust Subordinate Companion Loan
or any related Serviced REO Property (together with any interest on such Advances);

 

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(ii)            
to pay, in accordance with Section 3.05(a) of this Agreement, or to reimburse the Trust for the prior payment of,
any expense or Liquidation Fee relating to such Mortgage Loan, Trust Subordinate Companion Loan or any related Serviced REO Property
that constitutes or, if not paid out of such Loss of Value Payments, would constitute an additional expense of the Trust;

 

(iii)           
to offset any portion of Realized Losses that are attributable to such Mortgage Loan, Trust Subordinate Companion Loan or related
REO Property, as the case may be (as calculated without regard to the application of such Loss of Value Payments), incurred with
respect to such Mortgage Loan or any related successor REO Loan;

 

(iv)           
following the occurrence of a liquidation event with respect to such Mortgage Loan, Trust Subordinate Companion Loan or any related
Serviced REO Property and any related transfers from the Loss of Value Reserve Fund with respect to the items contemplated by
the immediately preceding clauses (i)-(iii) as to such Mortgage Loan, Trust Subordinate Companion Loan or Serviced
REO Loan, to cover the items contemplated by the immediately preceding clauses (i)-(iii) in respect of any other Mortgage
Loan, Trust Subordinate Companion Loan or Serviced REO Loan; and

 

(v)           
On the final Distribution Date after all distributions have been made as set forth in clauses (i) through (iv)
above, to each Mortgage Loan Seller, its pro rata share, based on the amount that it contributed, net of any amount
contributed by such Mortgage Loan Seller that was used pursuant to clauses (i)-(iii) to offset any portion of Realized
Losses that are attributable to such Mortgage Loan, Trust Subordinate Companion Loan or related REO Property, as the case may
be, additional Trust Fund expenses or any Nonrecoverable Advances incurred with respect to the Mortgage Loan or Trust Subordinate
Companion Loan related to such contribution.

 

(h)           
Any Loss of Value Payments transferred to the Collection Account pursuant to clauses (g)(i)-(g)(iii) of the prior
paragraph shall be treated as Liquidation Proceeds received by the Trust in respect of the related Mortgage Loan or Trust Subordinate
Companion Loan, as applicable, or any successor REO Loan with respect thereto for which such Loss of Value Payments were received;
and any Loss of Value Payments transferred to the Collection Account pursuant to clause (g)(iv) of the prior paragraph
shall be treated as Liquidation Proceeds received by the Trust in respect of the related Mortgage Loan or Trust Subordinate Companion
Loan or REO Loan for which such Loss of Value Payments are being transferred to the Collection Account to cover an item contemplated
by clauses (g)(i)-(g)(iv) of the prior paragraph.

 

(i)            
The Companion Paying Agent may, from time to time, make withdrawals from the Companion Distribution Account to make distributions
pursuant to Section 4.01(l).

 

(j)             
The Certificate Administrator may, from time to time, make withdrawals from the Trust Subordinate Companion Loan REMIC Distribution
Account for any of the following purposes (the following not being an order of priority):

 

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(i)            
to be deemed to make deposits of the Trust Subordinate Companion Loan REMIC Distribution Amount pursuant to Section 4.01(b)
and the amount of any Prepayment Premiums and Yield Maintenance Charges distributable pursuant to Section 4.01(f) in
the Upper-Tier REMIC Distribution Account for distribution to Holders of the Loan-Specific Certificates, and to make distributions
on the Class R Certificates in respect of the Class 225B-R Interest pursuant to Section 4.01(b);

 

(ii)            
to pay to the Trustee and the Certificate Administrator or any of their directors, officers, employees and agents, as the case
may be, any amounts payable or reimbursable to any such Person with respect to the Trust Subordinate Companion Loan pursuant to
Section 8.05(b);

 

(iii)           
to pay the Certificate Administrator and the Trustee, the Certificate Administrator Fee and the Trustee Fee, as applicable, as
contemplated by Section 8.05(a) hereof with respect to the Trust Subordinate Companion Loan;

 

(iv)           
to pay for the cost (without duplication) of the Opinions of Counsel sought by (A) the Trustee or the Certificate Administrator
as provided in clause (vi) of the definition of “Disqualified Organization,” (B) the Trustee, the
Certificate Administrator, the Master Servicer or the Special Servicer as contemplated by Section 3.18(c), (C) the
Trustee or the Certificate Administrator as contemplated by Section 5.08(c) or Section 8.02(ii) to the
extent payable out of the Trust Fund, (D) the Trustee, the Certificate Administrator, the Master Servicer or the Special
Servicer as contemplated by Section 10.01(f) or Section 10.01(l) to the extent payable out of the Trust
Fund, or (E) the Trustee, the Certificate Administrator, the Master Servicer or the Special Servicer as contemplated by Section 13.01(a)
or Section 13.01(c) in connection with any amendment to this Agreement requested by the Trustee or the Certificate
Administrator, which amendment is in furtherance of the rights and interests of Holders of Loan-Specific Certificates, in each
case, to the extent not paid pursuant to Section 13.01(g);

 

(v)           
to pay any and all federal, state and local taxes imposed on the Trust Subordinate Companion Loan REMIC or on the assets or transactions
of any such REMIC, together with all incidental costs and expenses, to the extent none of the Trustee, the Certificate Administrator,
the REMIC Administrator, the Master Servicer or the Special Servicer is liable therefor pursuant to Section 10.01(g) with
respect to such Trust Subordinate Companion Loan REMIC;

 

(vi)          
to pay the REMIC Administrator any amounts reimbursable to it pursuant to Section 10.01(c) with respect to the Trust
Subordinate Companion Loan REMIC;

 

(vii)         
to pay to the Master Servicer any amounts deposited by the Master Servicer in the Trust Subordinate Companion Loan REMIC Distribution
Accounts not required to be deposited therein; and

 

(viii)        
to clear and terminate the Trust Subordinate Companion Loan REMIC Distribution Account at the termination of this Agreement pursuant
to Section 9.01; and

 

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(ix)           
consistent with the above, with respect to the 225 Bush Whole Loan, subject to Section 3.05(a)(i), any withdrawals permitted
pursuant to this Section 3.05(a)(i), shall be paid or reimbursed (a) first, from amounts on deposit allocated to
the related Trust Subordinate Companion Loan and then, from amounts on deposit allocated to the related Mortgage Loan and
(b) then from general collections in respect of all other Mortgage Loans.

 

Section 3.06      
Investment of Funds in the Collection Account and the REO Account. (a) The Master Servicer may direct any depository
institution maintaining the Collection Account, the Companion Distribution Account, or any Servicing Account (for purposes of
this Section 3.05(j), an “Investment Account”), the Special Servicer may direct any depository institution
maintaining the REO Account or Loss of Value Reserve Fund (also for purposes of this Section 3.05(j), an “Investment
Account”) to invest or if it is such depository institution, may itself invest, the funds held therein, only in one
or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later
than the Business Day immediately preceding the next succeeding date on which funds are required to be withdrawn from such account
pursuant to this Agreement, if a Person other than the depository institution maintaining such account is the obligor thereon
and (ii) no later than the date on which funds are required to be withdrawn from such account pursuant to this Agreement,
if the depository institution maintaining such account is the obligor thereon. All such Permitted Investments shall be held to
maturity, unless payable on demand. Any funds held in an Investment Account shall be held in the name of the Master Servicer or
the Special Servicer, as applicable, on behalf of the Trustee (in its capacity as such) for the benefit of the Certificateholders.
The Master Servicer (in the case of the Collection Account, the Companion Distribution Account or any Servicing Account maintained
by or for the Master Servicer), the Special Servicer (in the case of the REO Account, Loss of Value Reserve Fund or any Servicing
Account maintained by or for the Special Servicer) on behalf of the Trustee, shall maintain continuous physical possession of
any Permitted Investment of amounts in the Collection Account, the Companion Distribution Account, the Servicing Accounts, Loss
of Value Reserve Fund or REO Account, as applicable, that is either (i) a “certificated security,” as such term
is defined in the UCC (such that the Trustee shall have control pursuant to Section 8-106 of the UCC) or (ii) other
property in which a secured party may perfect its security interest by physical possession under the UCC or any other applicable
law. In the case of any Permitted Investment held in the form of a “security entitlement” (within the meaning of Section 8-102(a)(17)
of the UCC), the Master Servicer or the Special Servicer, as applicable, shall take or cause to be taken such action as the Trustee
deems reasonably necessary to cause the Trustee to have control over such security entitlement. In the event amounts on deposit
in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Master Servicer (in the case
of the Collection Account, the Companion Distribution Account or any Servicing Account maintained by or for the Master Servicer)
or the Special Servicer (in the case of the REO Account, Loss of Value Reserve Fund or any Servicing Account maintained by or
for the Special Servicer) shall:

 

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

 

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(ii)            
demand payment of all amounts due thereunder promptly upon determination by the Master Servicer, the Special Servicer, the Certificate
Administrator or the Trustee, as the case may be, that such Permitted Investment would not constitute a Permitted Investment in
respect of funds thereafter on deposit in the Investment Account.

 

(b)           
Interest and investment income realized on funds deposited in the Collection Account, the Companion Distribution Account or any
Servicing Account maintained by or for the Master Servicer to the extent of the Net Investment Earnings, if any, with respect
to such account for the period from and including the prior Distribution Date to and including the Master Servicer Remittance
Date related to the current Distribution Date, shall be for the sole and exclusive benefit of the Master Servicer to the extent
(with respect to Servicing Accounts) not required to be paid to the related Mortgagor and shall be subject to its withdrawal,
or withdrawal at its direction, in accordance with Section 3.03 or Section 3.05(a), as the case may be.
Interest and investment income realized on funds deposited in the REO Account, Loss of Value Reserve Fund or any Servicing Account
maintained by or for the Special Servicer, to the extent of the Net Investment Earnings, if any, with respect to such account
for each period from and including any Distribution Date to and including the immediately succeeding Master Servicer Remittance
Date, shall be for the sole and exclusive benefit of the Special Servicer and shall be subject to its withdrawal in accordance
with Section 3.14(c). In the event that any loss shall be incurred in respect of any Permitted Investment (as to which
the Master Servicer or Special Servicer, as applicable, would have been entitled to any Net Investment Earnings hereunder) directed
to be made by the Master Servicer or Special Servicer, as applicable, and on deposit in any of the Collection Account, the Companion
Distribution Account, the Servicing Account, Loss of Value Reserve Fund or the REO Account, the Master Servicer (in the case of
the Collection Account, the Companion Distribution Account or any Servicing Account maintained by or for the Master Servicer),
the Special Servicer (in the case of the REO Account, Loss of Value Reserve Fund or any Servicing Account maintained by or for
the Special Servicer) shall deposit therein, no later than the Master Servicer Remittance Date, without right of reimbursement,
the amount of Net Investment Loss, if any, with respect to such account for the period from and including the prior Distribution
Date to and including the Master Servicer Remittance Date related to the current Distribution Date; provided that neither
the Master Servicer nor the Special Servicer shall be required to deposit any loss on an investment of funds in an Investment
Account if such loss is incurred solely as a result of the insolvency of the federal or state chartered depository institution
or trust company that holds such Investment Account, so long as such depository institution or trust company satisfied the qualifications
set forth in the definition of Eligible Account at the time such investment was made (and, with respect to the Master Servicer,
such federal or state chartered depository institution or trust company is not an Affiliate of the Master Servicer unless such
depository institution or trust company satisfied the qualification set forth in the definition of Eligible Account both (x) at
the time the investment was made and (y) thirty (30) days prior to such insolvency).

 

(c)            
Except as otherwise expressly provided in this Agreement, if any default occurs in the making of a payment due under any Permitted
Investment, or if a default occurs in any other performance required under any Permitted Investment, the Master Servicer may and,
upon the request of Holders of Certificates entitled to a majority of the Voting Rights allocated to any Class shall, take such
action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate
proceedings.

 

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Section 3.07      
Maintenance of Insurance Policies; Errors and Omissions and Fidelity Coverage. (a)  The Master Servicer (with
respect to the Mortgage Loans (other than a Non-Serviced Mortgage Loan) and any related Serviced Companion Loan) shall use its
efforts consistent with the Servicing Standard to cause the Mortgagor to maintain (other than with respect to a Non-Serviced Mortgage
Loan), to the extent required by the terms of the related Mortgage Loan documents, all insurance coverage as is required under
the related Mortgage Loan documents except to the extent that the failure of the related Mortgagor to do so is an Acceptable Insurance
Default (and except as provided in the next sentence with respect to the Master Servicer or Special Servicer, as applicable).
If the Mortgagor does not so maintain such insurance coverage, subject to its recoverability determination with respect to any
required Servicing Advance, the Master Servicer (with respect to the Mortgage Loans (other than a Non-Serviced Mortgage Loan)
and any related Serviced Companion Loan) or the Special Servicer (with respect to REO Properties other than a Non-Serviced Mortgaged
Property) shall maintain all insurance coverage as is required under the related Mortgage (or, in the case of REO Property, in
accordance with the Servicing Standard in an amount that is at least equal to the lesser of (1) the full replacement cost of the
improvements on the REO Property, and (2) the outstanding principal balance owing on the related REO Loan, and in any event, the
amount necessary to avoid the operation of any co-insurance provisions), but only in the event the Trustee has an insurable interest
therein and such insurance is available to the Master Servicer or the Special Servicer, as applicable, and, if available, can
be obtained at commercially reasonable rates, as determined ((i) prior to the occurrence and continuance of any Control Termination
Event and (ii) other than with respect to any Excluded Loan, any determination that such insurance coverage is not available
or not available at commercially reasonable rates to be made with the consent of the Directing Certificateholder (or, with respect
to any Serviced AB Whole Loan, prior to the occurrence and continuance of a related AB Control Appraisal Period, with the consent
of the related AB Whole Loan Controlling Holder) by the Master Servicer (with respect to the Mortgage Loans (other than a Non-Serviced
Mortgage Loan) and any related Serviced Companion Loan) or the Special Servicer (with respect to REO Properties other than any
Non-Serviced Mortgaged Property) except to the extent that the failure of the related Mortgagor to do so is an Acceptable Insurance
Default as determined by the Master Servicer (if the Master Servicer and the Special Servicer mutually agree that the Master Servicer
will process such default with respect to a Non-Specially Serviced Loan) or by the Special Servicer (with respect to any Non-Specially
Serviced Loan (unless the Master Servicer and the Special Servicer mutually agree that the Master Servicer will process such default)
and with respect to any Specially Serviced Loan); provided, however, that if any Mortgage permits the holder thereof
to dictate to the Mortgagor the insurance coverage to be maintained on such Mortgaged Property, the Master Servicer or, with respect
to REO Property, the Special Servicer, as applicable, shall impose or maintain, as applicable, such insurance requirements as
are consistent with the Servicing Standard taking into account the insurance in place at the closing of the Mortgage Loan or Trust
Subordinate Companion Loan; provided, further, that, with respect to the immediately preceding proviso, the Master
Servicer will be obligated to use efforts consistent with the Servicing Standard to cause the Mortgagor to maintain (or to itself
maintain) insurance against property damage resulting from terrorist or similar acts unless the Mortgagor’s failure is an
Acceptable Insurance Default as determined by the Master Servicer (with respect to a Non-Specially Serviced Loan) or the Special
Servicer (with respect to a Specially Serviced Loan) with (in respect of any Mortgage Loan other than an Excluded Loan and unless
a Control Termination

 

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 Event has occurred and is continuing) the consent of the Directing Certificateholder or, prior to the occurrence
and continuance of an AB Control Appraisal Period, the related AB Whole Loan Controlling Holder, as applicable) and only in the
event the Trustee has an insurable interest therein and such insurance is available to the Master Servicer or the Special Servicer,
as applicable, and, if available, can be obtained at commercially reasonable rates. The Master Servicer and Special Servicer shall
be entitled to rely on insurance consultants (at the applicable servicer’s expense) in determining whether any insurance
is available at commercially reasonable rates. Subject to Section 3.15(a) and the costs of such insurance being reimbursed
or paid to the Special Servicer as provided in the third-to-last sentence of this paragraph, the Special Servicer shall maintain
for each REO Property (other than any Non-Serviced Mortgaged Property) no less insurance coverage than was previously required
of the Mortgagor under the related Mortgage Loan documents unless the Special Servicer determines ((i) prior to the occurrence
and continuance of a Control Termination Event and (ii) (other than with respect to any Excluded Loan) with the consent of
the Directing Certificateholder or, prior to the occurrence and continuance of an AB Control Appraisal Period, the related AB
Whole Loan Controlling Holder, as applicable) that such insurance is not available at commercially reasonable rates or that the
Trustee does not have an insurable interest, in which case the Master Servicer shall be entitled to conclusively rely on the Special
Servicer’s determination. All Insurance Policies maintained by the Master Servicer or the Special Servicer shall (i) contain
a “standard” mortgagee clause, with loss payable to the Master Servicer on behalf of the Trustee (in the case of insurance
maintained in respect of Mortgage Loans (other than any Non-Serviced Mortgage Loan), including any related Serviced Companion
Loan, other than REO Properties) or to the Special Servicer on behalf of the Trustee (in the case of insurance maintained in respect
of REO Properties), (ii) be in the name of the Trustee (in the case of insurance maintained in respect of REO Properties),
(iii) include coverage in an amount not less than the lesser of (x) the full replacement cost of the improvements securing
Mortgaged Property or the REO Property, as applicable, and (y) the outstanding principal balance owing on the related Mortgage
Loan (including any related Serviced Companion Loan) or REO Loan, as applicable, and in any event, the amount necessary to avoid
the operation of any co-insurance provisions, (iv) include a replacement cost endorsement providing no deduction for depreciation
(unless such endorsement is not permitted under the related Mortgage Loan documents), (v) be noncancelable without thirty
(30) days prior written notice to the insured party (except in the case of nonpayment, in which case such policy shall not be
cancelled without ten (10) days’ prior notice) and (vi) subject to the first proviso in the second sentence of this
Section 3.07(a), be issued by a Qualified Insurer authorized under applicable law to issue such Insurance Policies.
Any amounts collected by the Master Servicer or Special Servicer under any such Insurance Policies (other than amounts to be applied
to the restoration or repair of the related Mortgaged Property or REO Property or amounts to be released to the related Mortgagor,
in each case in accordance with the Servicing Standard and the provisions of the related Mortgage Loan documents) shall be deposited
in the Collection Account, subject to withdrawal pursuant to Section 3.05(a). Any costs incurred by the Master Servicer
in maintaining any such Insurance Policies in respect of Mortgage Loans (including any related Serviced Companion Loan) (other
than REO Properties and other than any Non-Serviced Mortgage Loan) (i) if the Mortgagor defaults on its obligation to do
so, shall be advanced by the Master Servicer as a Servicing Advance (so long as such Advance would not be a Nonrecoverable Advance
and if such Advance would be a Nonrecoverable Advance then such cost shall instead be paid out of the Collection Account) and
will be charged to the related

 

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 Mortgagor and (ii) shall not, for purposes of calculating monthly distributions to Certificateholders,
be added to the unpaid principal balance of the related Mortgage Loan and Serviced Companion Loan(s) (if any), notwithstanding
that the terms of such Mortgage Loan or Serviced Companion Loan(s) so permit. Any cost incurred by the Special Servicer in maintaining
any such Insurance Policies with respect to REO Properties shall be an expense of the Trust payable out of the related REO Account
pursuant to Section 3.14(c) or, if the amount on deposit therein is insufficient therefor, advanced by the Master
Servicer as a Servicing Advance (so long as such Advance would not be a Nonrecoverable Advance and if such Advance would be a
Nonrecoverable Advance then such cost shall instead be paid out of the Collection Account). The foregoing provisions of this Section 3.07
shall apply to any Serviced Whole Loan as if it were a single “Mortgage Loan”. Notwithstanding any provision to
the contrary, the Master Servicer will not be required to maintain, and will not be in default for failing to obtain, any earthquake
or environmental insurance on any Mortgaged Property unless such insurance was required at the time of origination of the related
Mortgage Loan and is currently available at commercially reasonable rates.

 

Notwithstanding
the foregoing, with respect to the Mortgage Loans (other than a Non-Serviced Mortgage Loan) and any related Serviced Companion
Loan that either (x) require the Mortgagor to maintain “all risk” property insurance (and do not expressly permit
an exclusion for terrorism) or (y) contain provisions generally requiring the applicable Mortgagor to maintain insurance
in types and against such risks as the holder of such Mortgage Loan (including any related Serviced Companion Loan) reasonably
requires from time to time in order to protect its interests, the Master Servicer will be required to, consistent with the Servicing
Standard, (A) monitor in accordance with the Servicing Standard whether the insurance policies for the related Mortgaged
Property contain Additional Exclusions (provided that the Master Servicer shall be entitled to conclusively rely upon the
certificate of insurance in determining whether such policies contain Additional Exclusions), (B) request the Mortgagor to
either purchase insurance against the risks specified in the Additional Exclusions or provide an explanation as to its reasons
for failing to purchase such insurance and (C) notify the Special Servicer if it has knowledge that any insurance policy
contains Additional Exclusions or if it has knowledge (such knowledge to be based upon the Master Servicer’s compliance
with the immediately preceding clauses (A) and (B) above) that any Mortgagor fails to purchase the insurance
requested to be purchased by the Master Servicer pursuant to clause (B) above. If the Master Servicer (with respect
to any Non-Specially Serviced Loan) or the Special Servicer (with respect to any Specially Serviced Loan) determines in accordance
with the Servicing Standard that such failure is not an Acceptable Insurance Default, the Special Servicer (with respect to any
Specially Serviced Loan) shall notify the Master Servicer and the Master Servicer shall use efforts consistent with the Servicing
Standard to cause such insurance to be maintained. The Special Servicer (at the expense of the Trust) shall be entitled to rely
on insurance consultants in making such determinations. The Master Servicer shall be entitled to rely on insurance consultants
(at the expense of such Master Servicer) in determining whether Additional Exclusions exist. Furthermore, the Master Servicer
(with respect to any Non-Specially Serviced Loan) or the Special Servicer (with respect to any Specially Serviced Loan) shall
promptly deliver such conclusions in writing to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s
Website for those Mortgage Loans that (i) have one of the ten (10) highest outstanding Stated Principal Balances of all of
the Mortgage Loans then included in the Trust or (ii) comprise more than 5% of the outstanding Stated Principal Balance of
the Mortgage

 

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 Loans then included in the Trust. During the period that the Master Servicer or the Special Servicer, as applicable,
is evaluating the availability of such insurance or waiting for a response from the Directing Certificateholder or the related
AB Whole Loan Controlling Holder, as applicable, neither the Master Servicer nor the Special Servicer will be liable for any loss
related to its failure to require the Mortgagor to maintain such insurance and will not be in default of its obligations as a
result of such failure.

 

(b)           
(i)  The Special Servicer shall maintain (or cause to be maintained), fire and hazard insurance on each REO Property
(other than with respect a Non-Serviced Mortgaged Property), to the extent obtainable at commercially reasonable rates and the
Trustee has an insurable interest, in an amount that is at least equal to the lesser of (1) the full replacement cost of the improvements
on the REO Property, and (2) the outstanding principal balance owing on the REO Loan, and in any event, the amount necessary to
avoid the operation of any co-insurance provisions. If the Master Servicer or the Special Servicer shall obtain and maintain a
blanket Insurance Policy with a Qualified Insurer insuring against fire and hazard losses on all of the Mortgage Loans (including
any related Serviced Companion Loan, but excluding any Non-Serviced Mortgage Loan) or REO Properties (other than with respect
to a Non-Serviced Mortgaged Property), as the case may be, required to be serviced and administered hereunder, then, to the extent
such Insurance Policy provides protection equivalent to the individual policies otherwise required, the Master Servicer or the
Special Servicer shall conclusively be deemed to have satisfied its obligation to cause fire and hazard insurance to be maintained
on the related Mortgaged Properties or REO Properties. Such Insurance Policy may contain a deductible clause, in which case the
Master Servicer or the Special Servicer shall, if there shall not have been maintained on the related Mortgaged Property or REO
Property a fire and hazard Insurance Policy complying with the requirements of Section 3.07(a), and there shall have
been one or more losses which would have been covered by such Insurance Policy, promptly deposit into the Collection Account from
its own funds the amount of such loss or losses that would have been covered under the individual policy but are not covered under
the blanket Insurance Policy because of such deductible clause to the extent that any such deductible exceeds the deductible limitation
that pertained to the related Mortgage Loan (including any related Serviced Companion Loan), or in the absence of such deductible
limitation, the deductible limitation which is consistent with the Servicing Standard. In connection with its activities as administrator
and Master Servicer of the Mortgage Loans or any Serviced Companion Loans, the Master Servicer agrees to prepare and present,
on behalf of itself, the Trustee and Certificateholders, claims under any such blanket Insurance Policy in a timely fashion in
accordance with the terms of such policy. The Special Servicer, to the extent consistent with the Servicing Standard, may maintain,
earthquake insurance on REO Properties (other than with respect to a Non-Serviced Mortgaged Property), provided coverage
is available at commercially reasonable rates, the cost of which shall be a Servicing Advance.

 

(ii)            
If the Master Servicer or the Special Servicer shall cause any Mortgaged Property or REO Property to be covered by a blanket,
master single interest or force-placed insurance policy with a Qualified Insurer naming the Master Servicer or the Special Servicer
on behalf of the Trustee as the loss payee, then to the extent such Insurance Policy provides protection equivalent to the individual
policies otherwise required, the Master Servicer or the Special Servicer shall conclusively be deemed to have satisfied its obligation
to cause such insurance to be maintained on the related

 

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 Mortgaged Properties and REO Properties. In the event the Master Servicer
or the Special Servicer shall cause any Mortgaged Property or REO Property to be covered by such blanket, master single interest
or force-placed insurance policy, the incremental costs of such insurance applicable to such Mortgaged Property or REO Property
(i.e., other than any minimum or standby premium payable for such policy whether or not any Mortgaged Property or REO Property
is covered thereby) shall be paid by the Master Servicer as a Servicing Advance. Such blanket, master single interest or force-placed
policy may contain a deductible clause, in which case the Master Servicer or the Special Servicer shall, in the event that there
shall not have been maintained on the related Mortgaged Property or REO Property a policy otherwise complying with the provisions
of Section 3.07(a), and there shall have been one or more losses which would have been covered by such policy had
it been maintained, deposit into the Collection Account from its own funds the amount not otherwise payable under the blanket,
master single or force-placed interest policy because of such deductible clause, to the extent that any such deductible exceeds
the deductible limitation that pertained to the related Mortgage Loan, including any related Serviced Companion Loan, or, in the
absence of any such deductible limitation, the deductible limitation which is consistent with the Servicing Standard.

 

(c)            
Each of the Master Servicer and the Special Servicer shall obtain and maintain 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 with
a Qualified Insurer covering the Master Servicer’s and the Special Servicer’s, as applicable, officers and employees
acting on behalf of the Master Servicer and the Special Servicer in connection with its activities under this Agreement. Such
amount of coverage shall be in such form and amount as are consistent with the Servicing Standard. Coverage of the Master Servicer
or the Special Servicer under a policy or bond obtained by an Affiliate of the Master Servicer or the Special Servicer and providing
the coverage required by this Section 3.07(c) shall satisfy the requirements of this Section 3.07(c).
The Special Servicer and the Master Servicer shall promptly report in writing to the Trustee any material changes that may occur
in their respective fidelity bonds, if any, and/or their respective errors and omissions Insurance Policies, as the case may be,
and shall furnish to the Trustee copies of all binders and policies or certificates evidencing that such bonds, if any, and insurance
policies are in full force and effect.

 

(d)           
At the time the Master Servicer determines in accordance with the Servicing Standard that any Mortgaged Property (other than a
Non-Serviced Mortgaged Property) is in a federally designated special flood hazard area (and such flood insurance has been made
available), the Master Servicer shall use efforts consistent with the Servicing Standard to cause the related Mortgagor (in accordance
with applicable law and the terms of the Mortgage Loan and related Serviced Companion Loan documents) to maintain, and, if the
related Mortgagor shall default in its obligation to so maintain, shall itself maintain to the extent available at commercially
reasonable rates (as determined by the Master Servicer in accordance with the Servicing Standard and to the extent the Trustee,
as mortgagee, has an insurable interest therein), flood insurance in respect thereof, but only to the extent the related Mortgage
Loan (other than a Non-Serviced Mortgage Loan) or related Serviced Companion Loan permits the mortgagee to require such coverage
and the maintenance of such coverage is consistent with the Servicing Standard. Such flood insurance shall be in an amount equal
to the lesser of (i) the

 

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 unpaid principal balance of the related Mortgage Loan (and any related Serviced Companion Loan,
if applicable), and (ii) the maximum amount of insurance which is available under the National Flood Insurance Act of 1968,
as amended, plus such additional excess flood coverage with respect to the Mortgaged Property, if any, in an amount consistent
with the Servicing Standard. If the cost of any insurance described above is not borne by the Mortgagor, the Master Servicer shall
promptly make a Servicing Advance for such costs.

 

(e)            
During all such times as any REO Property (other than with respect to a Non-Serviced Mortgaged Property) shall be located in a
federally designated special flood hazard area, the Special Servicer shall cause to be maintained, to the extent available at
commercially reasonable rates (as determined by the Special Servicer (with respect to any Mortgage Loan other than an Excluded
Loan and prior to the occurrence and continuance of a Control Termination Event, with the consent of the Directing Certificateholder)
in accordance with the Servicing Standard), a flood insurance policy meeting the requirements of the current guidelines of the
Federal Insurance Administration in an amount representing coverage not less than the maximum amount of insurance which is available
under the National Flood Insurance Act of 1968, as amended. The cost of any such flood insurance with respect to an REO Property
shall be an expense of the Trust payable out of the related REO Account pursuant to Section 3.14(c) or, if the amount
on deposit therein is insufficient therefor, paid by the Master Servicer to the Special Servicer as a Servicing Advance unless
determined to be a Nonrecoverable Advance, and if determined to be a Nonrecoverable Advance, then the Master Servicer shall pay
the Special Servicer from the Collection Account.

 

(f)            
Notwithstanding the foregoing, so long as the long-term debt obligations or the deposit account or claims-paying ability of the
Master Servicer (or its immediate or remote parent) or the Special Servicer (or its immediate or remote parent), as applicable,
is rated at least “A-” by Fitch (if rated by Fitch), the Master Servicer (or its public parent) or the Special Servicer
(or its public parent), as applicable, shall be allowed to provide self-insurance with respect to any of its obligation under
this Section 3.07.

 

(g)           
Each of the Operating Advisor and Asset Representations Reviewer shall obtain and maintain at its own expense and keep in full
force and effect throughout the term of this Agreement an “errors and omissions” insurance policy with a Qualified
Insurer covering losses that may be sustained as a result of an officer’s or employee’s errors or omissions.

 

Section 3.08      
Enforcement of Due-on-Sale Clauses; Assumption Agreements. (a)  As to each Mortgage Loan (other than a Non-Serviced
Mortgage Loan) and any related Serviced Companion Loan that contains a provision in the nature of a “due-on-sale”
clause, which by its terms:

 

(i)            
provides that such Mortgage Loan and any related Companion Loan shall (or may at the mortgagee’s option) become due and
payable upon the sale or other transfer of an interest in the related Mortgaged Property or equity interests in the Mortgagor
or principals of the Mortgagor; or

 

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(ii)            
provides that such Mortgage Loan and any related Companion Loan may not be assumed without the consent of the mortgagee in connection
with any such sale or other transfer;

 

then,
for so long as such Mortgage Loan or related Serviced Companion Loan is being serviced under this Agreement, the Master Servicer
(with respect to any Non-Specially Serviced Loan and as to which such matter is a Master Servicer Decision pursuant to clause
(xiv) of the definition thereof, or as to which such matter is a Major Decision and the Master Servicer and the Special Servicer
mutually agree that the Master Servicer will process such Major Decision in accordance with terms and conditions reasonably agreed
to by the Master Servicer and Special Servicer, including the Special Servicer’s consent (which will be deemed given in
accordance with Section 6.08) or the Special Servicer (with respect to any Specially Serviced Loan or any Non-Specially
Serviced Loan as to which such matter is a Major Decision), on behalf of the Trustee as the mortgagee of record, shall (a) exercise
any right such mortgagee of record may have with respect to such Mortgage Loan or related Companion Loan (x) to accelerate
the payments thereon or (y) to withhold its consent to any sale or transfer, consistent with the Servicing Standard or (b) waive
any right to exercise such rights, provided that, (i)(A) if such Mortgage Loan is not an Excluded Loan and no Control Termination
Event shall have occurred and be continuing, the consent (or deemed consent) of the Directing Certificateholder (or, with respect
to any Serviced AB Whole Loan, prior to the occurrence and continuance of a related AB Control Appraisal Period, the related AB
Whole Loan Controlling Holder, to the extent required under the related Intercreditor Agreement) shall have been obtained by the
Special Servicer to the extent required by, and pursuant to the process described under, Section 6.08(a), (B) if such
Mortgage Loan is not an Excluded Loan, a Control Termination Event shall have occurred and be continuing, and no Consultation
Termination Event shall have occurred and be continuing, the Special Servicer shall have consulted with the Directing Certificateholder
if and to the extent required pursuant to Section 6.08(a) and (C) other than with respect to any applicable Excluded
Loan, upon non-binding consultation with the Risk Retention Consultation Parties in accordance with the procedures set forth in
Section 6.08; (provided that in the case of clause (A) and clause (B) such consent shall be deemed given or such
consultation shall be deemed to have occurred, as applicable, if a response to the request for consent or consultation, as the
case may be, is not provided within ten (10) Business Days (or, if the Directing Certificateholder and the Special Servicer are
affiliates, five (5) Business Days) after receipt of the Major Decision Reporting Package and in the case of clause (C) such consultation
shall be deemed to have occurred, as applicable, if a response to the request for consultation is not provided within ten (10)
Business Days), and (ii) with respect to any Mortgage Loan (x) with a Stated Principal Balance greater than or equal
to $35,000,000, (y) with a Stated Principal Balance greater than or equal to 5% of the aggregated Stated Principal Balance
of the Mortgage Loans then outstanding or (z) together with all other Mortgage Loans with which it is cross-collateralized
or cross-defaulted or together with all other Mortgage Loans with the same Mortgagor (or an Affiliate thereof), that is one of
the ten largest Mortgage Loans outstanding (by Stated Principal Balance), the Master Servicer or the Special Servicer, as the
case may be, prior to consenting to any action, shall obtain, a Rating Agency Confirmation from each Rating Agency and a confirmation
of any applicable rating agency that such action will not result in the downgrade, withdrawal or qualification of its then-current
ratings of any class of Serviced Companion Loan Securities (if any) (provided that such rating agency confirmation may
be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to

 

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 Section 3.25), provided, however, that with respect to subclauses (y) and (z)
of this subclause (ii), such Mortgage Loan shall also have a Stated Principal Balance of at least $10,000,000
for such Rating Agency Confirmation requirement to apply. Notwithstanding anything herein to the contrary, with respect to any
Excluded Loan (regardless of whether a Control Termination Event or an Operating Advisor Consultation Event has occurred and is
continuing), the Special Servicer shall consult with the Operating Advisor, on a non-binding basis, in connection with the related
transactions involving proposed Major Decisions that it is processing or for which its consent is required and consider alternative
actions recommended by the Operating Advisor, in respect thereof, in accordance with the procedures set forth in Section 6.08
for consulting with the Operating Advisor.

 

In
connection with any request for a Rating Agency Confirmation from a Rating Agency (or, with respect to any Serviced Companion
Loan Securities, the related rating agencies) pursuant to this Section 3.08(a), the Master Servicer or the Special
Servicer that is processing the related action, as applicable, as the case may be, shall (if not already provided in accordance
with Section 3.25 of this Agreement) deliver a Review Package to the 17g-5 Information Provider (or, with respect
to any Serviced Companion Loan Securities, the related 17g-5 information provider) in accordance with Section 3.25
of this Agreement.

 

If
any Mortgage Loan (other than a Non-Serviced Mortgage Loan) or related Serviced Companion Loan provides that such Mortgage Loan
or related Serviced Companion Loan may be assumed or transferred without the consent of the mortgagee, provided that certain conditions
contained in the related Mortgage Loan documents are satisfied where no mortgagee discretion is necessary in order to determine
if such conditions are satisfied, then for so long as such Mortgage Loan or related Serviced Companion Loan is being serviced
under this Agreement, the Master Servicer (with respect to all Non-Specially Serviced Loans where such matter is a Master Servicer
Decision) and the Special Servicer (with respect to all Specially Serviced Loans and with respect to Non-Specially Serviced Loans
where such matter is a Major Decision), on behalf of the Trustee as the mortgagee of record, shall determine in accordance with
the Servicing Standard whether such conditions have been satisfied.

 

(b)           
As to each Mortgage Loan (other than a Non-Serviced Mortgage Loan) and any related Serviced Companion Loan that contains a provision
in the nature of a “due-on-encumbrance” clause that by its terms:

 

(i)            
provides that such Mortgage Loan and any related Companion Loan shall (or may at the mortgagee’s option) become due and
payable upon the creation of any additional lien or other encumbrance on the related Mortgaged Property or equity interests in
the Mortgagor or principals of the Mortgagor; or

 

(ii)            
requires the consent of the mortgagee to the creation of any such additional lien or other encumbrance on the related Mortgaged
Property or equity interests in the Mortgagor or principals of the Mortgagor;

 

then,
for so long as such Mortgage Loan (or related Serviced Companion Loan is being serviced under this Agreement, the Master Servicer
(with respect to any Non-Specially Serviced Loan and as to which such matter is a Master Servicer Decision pursuant to clause
(xiv) of the definition

 

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 thereof, or as to which such matter is a Major Decision and the Master Servicer and the Special Servicer
mutually agree that the Master Servicer will process such Major Decision in accordance with terms and conditions reasonably agreed
to by the Master Servicer and Special Servicer, including the Special Servicer’s consent (which will be deemed given in
accordance with Section 6.08) or the Special Servicer (with respect to any Specially Serviced Loan or any Non-Specially
Serviced Loan as to which such matter is a Major Decision), on behalf of the Trustee as the mortgagee of record, shall (a) exercise
any right such mortgagee of record may have with respect to such Mortgage Loan or related Companion Loan (x) to accelerate
the payments thereon or (y) to withhold its consent to the creation of any additional lien or other encumbrance, consistent
with the Servicing Standard or (b) waive its right to exercise such rights, provided that (i) (A) if such Mortgage
Loan is not an Excluded Loan, no Control Termination Event shall have occurred and be continuing and the matter involves a Major
Decision, the consent (or deemed consent) of the Directing Certificateholder (or, with respect to any Serviced AB Whole Loan,
prior to the occurrence and continuance of a related AB Control Appraisal Period, the related AB Whole Loan Controlling Holder,
to the extent required under the related Intercreditor Agreement) shall have been obtained by the Special Servicer to the extent
required by, and pursuant to the process described under, Section 6.08(a), (B) if such Mortgage Loan is not an Excluded
Loan, a Control Termination Event shall have occurred and be continuing, and no Consultation Termination Event shall have occurred
and be continuing, the Special Servicer shall have consulted with the Directing Certificateholder if and to the extent required
pursuant to Section 6.08(a) and (C) other than with respect to any applicable Excluded Loan, upon non-binding consultation
with the Risk Retention Consultation Parties in accordance with the procedures set forth in Section 6.08 (provided
that in the case of clause (A) and clause (B) such consent shall be deemed given or such consultation shall be deemed to have
occurred, as applicable, if a response to the request for consent or consultation, as the case may be, is not provided within
ten (10) Business Days (or, if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business
Days) after receipt of the Major Decision Reporting Package, and in the case of clause (C) such consultation shall be deemed to
have occurred, as applicable, if a response to the request for consultation is not provided within ten (10) Business Days), and
(ii) the Master Servicer or the Special Servicer, as the case may be, has obtained Rating Agency Confirmation from each Rating
Agency and a confirmation of any applicable rating agency that such action will not result in the downgrade, withdrawal or qualification
of its then-current ratings of any class of Serviced Companion Loan Securities (if any) (provided that such rating agency
confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with
respect to the Certificates pursuant to Section 3.25) if such Mortgage Loan (A) has an outstanding principal
balance that is greater than or equal to 2% of the Stated Principal Balance of the outstanding Mortgage Loans or (B) has
an LTV Ratio greater than 85% (including any existing and proposed debt) or (C) has a Debt Service Coverage Ratio less than
1.20x (in each case, determined based upon the aggregate of the Stated Principal Balance of the Mortgage Loan and related Companion
Loan, if any, and the principal amount of the proposed additional lien) or (D) is one of the ten largest Mortgage Loans (by
Stated Principal Balance) or (E) has a Stated Principal Balance greater than $35,000,000; provided, however,
that with respect to subclauses (A), (B), (C) and (D) of this subclause (ii), such
Mortgage Loan shall also have a Stated Principal Balance of at least $10,000,000 for such Rating Agency Confirmation requirement
to apply. Notwithstanding anything herein to the contrary, with respect to any Excluded Loan (regardless of whether a Control
Termination Event

 

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 or an Operating Advisor Consultation Event has occurred and is continuing), the Special Servicer, shall consult
with the Operating Advisor, on a non-binding basis, in connection with the related transactions involving proposed Major Decisions
and consider alternative actions recommended by the Operating Advisor, in respect thereof, in accordance with the procedures set
forth in Section 6.08 for consulting with the Operating Advisor.

 

In
connection with any request for a Rating Agency Confirmation from a Rating Agency (or, with respect to any Serviced Companion
Loan Securities, the related rating agencies) pursuant to this Section 3.08(b), the Master Servicer or the Special
Servicer that is processing the related action, as applicable, shall (if not already provided in accordance with Section 3.25
of this Agreement) deliver a Review Package to the 17g-5 Information Provider (or, with respect to any Serviced Companion
Loan Securities, the related 17g-5 information provider) in accordance with Section 3.25 of this Agreement.

 

To
the extent permitted by the related Mortgage Loan documents, the Rating Agency Confirmation described in the immediately preceding
paragraph or in Section 3.08(a) shall be an expense of the related Mortgagor; provided that if the Mortgage
Loan documents are silent as to who bears the costs of obtaining any such Rating Agency Confirmation, the Master Servicer or the
Special Servicer that is processing the related action, as applicable, shall use reasonable efforts to make the related Mortgagor
bear such costs and expenses. Unless determined to be a Nonrecoverable Advance such costs not collected from the related Mortgagor
shall be advanced as a Servicing Advance.

 

If
any Mortgage Loan or related Companion Loan provides that such Mortgage Loan or related Companion Loan may be further encumbered
without the consent of the mortgagee, provided that certain conditions contained in the related Mortgage Loan documents are satisfied
where no mortgagee discretion is necessary in order to determine if such conditions are satisfied, then for so long as such Mortgage
Loan or related Companion Loan is being serviced under this Agreement, the Master Servicer (with respect to all Non-Specially
Serviced Loans where such matter is a Master Servicer Decision) and the Special Servicer (with respect to all Specially Serviced
Loans and with respect to Non-Specially Serviced Loans where such matter is a Major Decision), on behalf of the Trustee as the
mortgagee of record, shall determine whether such conditions have been satisfied.

 

Upon
receiving a request for any matter described in Section 3.08(a) or this Section 3.08(b) that constitutes
a consent or waiver with respect to a “due-on-sale” or “due-on-encumbrance” clause with respect to a Mortgage
Loan that is a Non-Specially Serviced Loan and other than any transfers or assumptions provided for in clause (xiv) of the definition
of Master Servicer Decision and other than any waiver of a “due-on-encumbrance” clause which waiver constitutes a
Master Servicer Decision pursuant to clause (xiv) of the definition thereof, the Master Servicer shall promptly forward such request
to the Special Servicer and the Special Servicer will be required to process such request (including, without limitation, interfacing
with the Mortgagor) and except as provided in the next sentence, the related Master Servicer will have no further obligation with
respect to such request or due-on-sale or due-on-encumbrance. The Master Servicer shall continue to cooperate with the Special
Servicer by delivering to the Special Servicer any additional information in the Master Servicer’s possession requested
by the Special Servicer relating to such consent or waiver with respect to a “due-on-sale” or “due-on-

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encumbrance”
clause. Unless the Master Servicer and the Special Servicer mutually agree that the Master Servicer will process such request
with respect to a Mortgage Loan that is not a Specially Serviced Loan in accordance with terms and conditions reasonably agreed
to by the Master Servicer and Special Servicer, including the Special Servicer's consent (which will be deemed given in accordance
with Section 6.08), the Master Servicer shall not be permitted to process any request relating to such consent or waiver with
respect to a “due-on-sale” or “due-on-encumbrance” clause (other than any transfers or assumptions provided
for in clause (xiv) of the definition of Master Servicer Decision and other than any waiver of a “due-on-encumbrance”
clause which waiver constitutes a Master Servicer Decision pursuant to clause (xiv) of the definition thereof) and shall not be
required to interface with the Mortgagor or provide a written recommendation and analysis with respect to any such request.

 

Nothing
in this Section 3.08 shall constitute a waiver of the Trustee’s right, as the mortgagee of record, to receive
notice of any assumption of a Mortgage Loan, any sale or other transfer of the related Mortgaged Property or the creation of any
additional lien or other encumbrance with respect to such Mortgaged Property.

 

(c)            
Except as otherwise permitted by Section 3.08(a) and (b) and/or Section 3.18, neither the Master
Servicer nor the Special Servicer shall agree to modify, waive or amend any term of any Mortgage Loan and related Serviced Companion
Loan, as applicable, in connection with the taking of, or the failure to take, any action pursuant to this Section 3.08.
The Master Servicer and the Special Servicer, as applicable, shall provide copies of any final waivers (except with respect to
provision of any such waivers to the 17g-5 Information Provider, exclusive of any Privileged Information) it effects pursuant
to Section 3.08(a) or (b) to each other and to the 17g-5 Information Provider with respect to each Mortgage
Loan, and shall notify the Trustee, the Certificate Administrator, each other and, subject to the terms of this Agreement, the
17g-5 Information Provider (for posting to the 17g-5 Information Provider’s Website in accordance with Section 3.25)
and, with respect to a Whole Loan, the related Serviced Companion Noteholder, of any assumption or substitution agreement executed
pursuant to Section 3.08(a) or (b) and shall forward thereto a copy of such agreement.

 

(d)           
[Reserved].

 

(e)            
Notwithstanding any other provision of this Agreement, the Special Servicer may not waive its rights or grant its consent under
any “due-on-sale” or “due-on-encumbrance” clause relating to a Non-Specially Serviced Loan or relating
to any Specially Serviced Loan without ((i) prior to the occurrence and continuance of a Control Termination Event and (ii) other
than with respect to any Excluded Loan) the consent of the Directing Certificateholder (or (i) after the occurrence and during
the continuance of a Control Termination Event and (ii) other than with respect to any Excluded Loan), but prior to a Consultation
Termination Event, upon consultation with the Directing Certificateholder pursuant to Section 6.08 hereof). The Directing
Certificateholder shall have ten (10) Business Days (or, if the Directing Certificateholder and the Special Servicer are
affiliates, five (5) Business Days) after receipt of notice along with the Master Servicer’s (if applicable) and the Special
Servicer’s recommendation and analysis with respect to such proposed waiver or proposed granting of consent and any additional
information the Directing Certificateholder may reasonably request from the Special Servicer of a proposed waiver or consent under
any “due on sale” or “due-on-

 

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encumbrance” clause in which to grant or withhold its consent (provided
that if the Special Servicer fails to receive a response to such notice from the Directing Certificateholder in writing within
such period, then the Directing Certificateholder shall be deemed to have consented to such proposed waiver or consent).

 

(f)            
Notwithstanding the foregoing provisions of this Section 3.08, if the Master Servicer or the Special Servicer, as
applicable, makes a determination under Sections 3.08(a) or 3.08(b) hereof that the applicable conditions in
the related Mortgage Loan or Companion Loan documents, as applicable, with respect to assumptions or encumbrances permitted without
the consent of the mortgagee have been satisfied, the applicable assumptions and transfers may be subject to an assumption or
other fee, unless such fees are otherwise prohibited pursuant to the Mortgage Loan documents; provided that any such fee
not provided for in the Mortgage Loan documents does not constitute a “significant” change in yield pursuant to Treasury
Regulations Section 1.1001-3(e)(2).

 

Section 3.09      
Realization Upon Defaulted Loans and Companion Loans. (a)  Upon an event of default under the Mortgage Loan documents
related to a Serviced Whole Loan or a Mortgage Loan with mezzanine debt, the Master Servicer shall promptly provide written notice
to the related Companion Holder or mezzanine lender, as applicable, with a copy of such notice to the Special Servicer. The Special
Servicer shall, subject to subsections (b) through (d) of this Section 3.09, Section 3.24,
subject to the Directing Certificateholders’ rights pursuant to Section 6.08, and any Companion Holder or mezzanine
lender’s rights under the related Intercreditor Agreement (in the case of a Serviced Whole Loan, on behalf of the holders
of the beneficial interest of the related Companion Loan) or this Agreement, exercise reasonable efforts, consistent with the
Servicing Standard, to, at any time, institute foreclosure proceedings, exercise any power of sale contained in the related Mortgage,
obtain a deed in lieu of foreclosure, or otherwise acquire title to the related Mortgaged Property or comparably convert (which
may include an REO Acquisition) the ownership of property securing any such Mortgage Loan (other than any Non-Serviced Mortgage
Loan) and related Companion Loan, if any, as come into and continue in default as to which no satisfactory arrangements (including
by way of a discounted pay-off) can be made for collection of delinquent payments, and which are not released from the Trust Fund
pursuant to any other provision hereof. The foregoing is subject to the provision that, in any case in which a Mortgaged Property
shall have suffered damage from an Uninsured Cause, the Master Servicer or Special Servicer shall not be required to make a Servicing
Advance and expend funds toward the restoration of such property unless the Special Servicer has determined in its reasonable
discretion that such restoration will increase the net proceeds of liquidation of such Mortgaged Property to Certificateholders
after reimbursement to the Master Servicer or the Special Servicer, as applicable, for such Servicing Advance, and the Master
Servicer or Special Servicer has not determined that such Servicing Advance together with accrued and unpaid interest thereon
would constitute a Nonrecoverable Advance. The costs and expenses incurred by the Special Servicer in any such proceedings shall
be advanced by the Master Servicer; provided that, in each case, such cost or expense would not, if incurred, constitute
a Nonrecoverable Servicing Advance. Nothing contained in this Section 3.09 shall be construed so as to require the
Master Servicer or the Special Servicer, on behalf of the Trust, to make an offer on any Mortgaged Property at a foreclosure sale
or similar proceeding that is in excess of the fair market value of such property, as determined by the Master Servicer or the
Special Servicer in its reasonable judgment taking into account the factors described in

 

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 Section 3.16(b) and the results
of any Appraisal obtained pursuant to the following sentence, all such offers to be made in a manner consistent with the Servicing
Standard. If and when the Special Servicer or the Master Servicer deems it necessary and prudent for purposes of establishing
the fair market value of any Mortgaged Property securing a Defaulted Loan or any related defaulted Companion Loan, whether for
purposes of making an offer at foreclosure or otherwise, the Special Servicer or the Master Servicer, as the case may be, is authorized
to have an Appraisal performed with respect to such property by an Independent MAI-designated appraiser the cost of which shall
be paid by the Master Servicer as a Servicing Advance.

 

(b)           
The Special Servicer shall not acquire any personal property pursuant to this Section 3.09 unless either:

 

(i)            
such personal property is incidental to real property (within the meaning of Section 856(e)(1) of the Code) so acquired by
the Special Servicer; or

 

(ii)            
the Special Servicer shall have obtained an Opinion of Counsel (the cost of which shall be paid by the Master Servicer as a Servicing
Advance) to the effect that the holding of such personal property by the Trust (to the extent not allocable to the related Companion
Loan) will not cause an Adverse REMIC Event to occur.

 

(c)            
Notwithstanding the foregoing provisions of this Section 3.09 and Section 3.24, neither the Master Servicer
nor the Special Servicer shall, on behalf of the Trustee, obtain title to a Mortgaged Property in lieu of foreclosure or otherwise,
or take any other action with respect to any Mortgaged Property, if, as a result of any such action, the Trustee, on behalf of
the Certificateholders and/or any related Companion Holder, would be considered to hold title to, to be a “mortgagee-in-possession”
of, or to be an “owner” or “operator” of such Mortgaged Property within the meaning of CERCLA or any comparable
law, unless (as evidenced by an Officer’s Certificate to such effect delivered to the Trustee) the Special Servicer has
previously determined in accordance with the Servicing Standard, based on an Environmental Assessment of such Mortgaged Property
performed by an Independent Person who regularly conducts Environmental Assessments and performed within six (6) months prior
to any such acquisition of title or other action, that:

 

(i)            
such Mortgaged Property is in compliance with applicable environmental laws or, if not, after consultation with an environmental
consultant, that it would be in the best economic interest of the Certificateholders (and with respect to any Serviced Whole Loan,
the related Companion Holders), as a collective whole as if such Certificateholders and, if applicable, Companion Holders constituted
a single lender, to take such actions as are necessary to bring such Mortgaged Property in compliance with such laws, and

 

(ii)            
there are no circumstances present at such Mortgaged Property relating to the use, management or disposal of any hazardous materials
for which investigation, testing, monitoring, containment, clean-up or remediation could be required under any currently effective
federal, state or local law or regulation, or that, if any such hazardous materials are present for which such action could be
required, after consultation with an environmental consultant, it would be in the best economic interest of the Certificateholders
(and with respect to any Serviced Whole Loan, the Companion

 

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 Holders), as a collective whole as if such Certificateholders and,
if applicable, Companion Holders constituted a single lender, to take such actions with respect to the affected Mortgaged Property.

 

The
cost of any such Environmental Assessment shall be paid by the Master Servicer as a Servicing Advance and the cost of any remedial,
corrective or other further action contemplated by clause (i) and/or clause (ii) of the preceding sentence
shall be paid by the Master Servicer as a Servicing Advance, unless it is a Nonrecoverable Servicing Advance (in which case it
shall be an expense of the Trust and, in the case of a Serviced Whole Loan, shall be withdrawn in accordance with the related
Intercreditor Agreement by the Master Servicer from the Collection Account, including from the Companion Distribution Account
(such withdrawal to be made from amounts on deposit therein that are otherwise payable on or allocable to such Serviced Whole
Loan)); and if any such Environmental Assessment so warrants, the Special Servicer shall, except with respect to any Companion
Loan and any Environmental Assessment ordered after such Mortgage Loan has been paid in full, perform such additional environmental
testing at the expense of the Trust as it deems necessary and prudent to determine whether the conditions described in clauses (i)
and (ii) of the preceding sentence have been satisfied. With respect to Non-Specially Serviced Loans, the Master Servicer
and, with respect to Specially Serviced Loans, the Special Servicer (other than any Non-Serviced Mortgage Loan) shall review and
be familiar with the terms and conditions relating to enforcing claims and shall monitor the dates by which any claim or action
must be taken (including delivering any notices to the insurer and using reasonable efforts to perform any actions required under
such policy) under each environmental insurance policy in effect and obtained on behalf of the mortgagee to receive the maximum
proceeds available under such policy for the benefit of the Certificateholders and the Trustee (as holder of the Lower-Tier Regular
Interests).

 

(d)           
If (i) the environmental testing contemplated by subsection (c) above establishes that either of the conditions
set forth in clauses (i) and (ii) of subsection (c) above of the first sentence thereof has not
been satisfied with respect to any Mortgaged Property securing a Defaulted Loan and, in the case of a Serviced Mortgage Loan,
any related Companion Loan, and (ii) there has been no breach of any of the representations and warranties set forth in or
required to be made pursuant to Section 6 of each of the Mortgage Loan Purchase Agreements for which the applicable Mortgage
Loan Seller could be required to repurchase such Defaulted Loan pursuant to Section 6 of the applicable Mortgage Loan Purchase
Agreement, then the Special Servicer shall take such action as it deems to be in the best economic interest of the Trust (other
than proceeding to acquire title to the Mortgaged Property) and is hereby authorized ((A) prior to the occurrence and continuance
of a Control Termination Event (or with respect to any Serviced AB Whole Loan, after the occurrence and during the continuation
of an AB Control Appraisal Period, but prior to the occurrence and continuance of a Control Termination Event) and (B) other
than with respect to any Excluded Loan), with the consent of the Directing Certificateholder at such time as it deems appropriate
to release such Mortgaged Property from the lien of the related Mortgage, provided that, if such Mortgage Loan has a then-outstanding
principal balance of greater than $1,000,000, then prior to the release of the related Mortgaged Property from the lien of the
related Mortgage, (i) the Special Servicer shall have notified in writing the Rating Agencies, the Trustee, the Certificate
Administrator, the Master Servicer and ((A) prior to the occurrence of a Consultation Termination Event and (B) other
than with respect to any Excluded Loan) the Directing Certificateholder and the Risk Retention Consultation

 

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 Parties, in writing
of its intention to so release such Mortgaged Property and the bases for such intention, (ii) the Certificate Administrator
shall have posted such notice of the Special Servicer’s intention to so release such Mortgaged Property to the Certificate
Administrator’s Website pursuant to Section 3.13(b) and (iii) in addition to the prior written consent
of the Directing Certificateholder as required above, the Holders of Certificates entitled to a majority of the Voting Rights
shall have consented or have been deemed to have consented to such release within thirty (30) days of the Certificate Administrator’s
posting such notice to the Certificate Administrator’s Website (failure to respond by the end of such 30-day period being
deemed consent of the Holders of the Certificates). To the extent any fee charged by any Rating Agency in connection with rendering
such written confirmation is not paid by the related Mortgagor, such fee is to be an expense of the Trust; provided that
the Special Servicer shall use commercially reasonable efforts to collect such fee from the Mortgagor to the extent permitted
under the related Mortgage Loan documents.

 

(e)            
The Special Servicer shall provide written reports and a copy of any Environmental Assessments in electronic format to the Directing
Certificateholder and the Risk Retention Consultation Parties (other than with respect to any Excluded Loan), the Master Servicer
and the 17g-5 Information Provider monthly regarding any actions taken by the Special Servicer with respect to any Mortgaged Property
securing a Defaulted Loan or defaulted Companion Loan as to which the environmental testing contemplated in subsection (c)
above has revealed that either of the conditions set forth in clauses (i) and (ii) of the first sentence
thereof has not been satisfied, in each case until the earlier to occur of satisfaction of both such conditions, repurchase of
the related Mortgage Loan by the applicable Mortgage Loan Seller or release of the lien of the related Mortgage on such Mortgaged
Property.

 

(f)            
The Special Servicer shall notify the Master Servicer of any abandoned and/or foreclosed properties which require reporting to
the Internal Revenue Service and shall provide the Master Servicer with all information regarding forgiveness of indebtedness
and required to be reported with respect to any Mortgage Loan or related Companion Loan that is abandoned or foreclosed and the
Master Servicer shall report to the Internal Revenue Service and the related Mortgagor, in the manner required by applicable law,
such information and the Master Servicer shall report, via Form 1099A or Form 1099C (or any successor form), all forgiveness
of indebtedness and abandonment and foreclosure to the extent such information has been provided to the Master Servicer by the
Special Servicer. Upon request, the Master Servicer shall deliver a copy of any such report to the Trustee and the Certificate
Administrator.

 

(g)           
The Special Servicer shall have the right to determine, in accordance with the Servicing Standard, the advisability of the maintenance
of an action to obtain a deficiency judgment if the state in which the Mortgaged Property is located and the terms of the Mortgage
Loan (and if applicable, the related Companion Loan) permit such an action.

 

(h)           
The Special Servicer shall maintain accurate records, prepared by one of its Servicing Officers, of each Final Recovery Determination
in respect of a Defaulted Loan (other than with respect to a Non-Serviced Mortgage Loan) or defaulted Companion Loan or any REO
Property (other than any Non-Serviced Mortgaged Property) and the basis thereof. Each Final Recovery Determination shall be evidenced
by an Officer’s Certificate promptly delivered to the Trustee, the Certificate Administrator, the Directing Certificateholder
(other than with

 

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 respect to any Excluded Loan) and the Master Servicer and in no event later than the next succeeding P&I
Advance Determination Date.

 

(i)             
The Special Servicer shall not foreclose upon or otherwise cause the Trust to acquire ownership of any collateral (other than
“foreclosure property” within the meaning of the REMIC Provisions) on behalf of any Trust REMIC unless (i) it receives
an Opinion of Counsel (the cost of which shall be paid by the Servicer as a Servicing Advance unless the Servicer determines that
such Servicing Advance would constitute a Nonrecoverable Advance) to the effect that such acquisition will not cause the imposition
of a tax on any Trust REMIC (other than a tax on “net income from foreclosure property” under Code Section 860G(c))
under the REMIC Provisions or cause any Trust REMIC to fail to qualify as a REMIC at any time that the Certificates are outstanding,
or (ii) in the case of the membership interests in a partnership or limited liability company only, both (A) the Special Servicer
obtains all of the equity interests in such partnership or limited liability company so that such entity becomes disregarded as
an entity separate from the holder of such equity for income tax purposes and (B) the assets of such entity consists of “foreclosure
property” within the meaning of Section 860G(a)(8) of the Code (determined without regard to the exception applicable for
purposes of Section 860D(a) of the Code).  Notwithstanding the foregoing, the Special Servicer may, on behalf of the Trust
Fund but not on behalf of any Trust REMIC, obtain title to (i) memebership interests in a partnership or limited liability company
for which the foregoing requirements are not satisfied or (ii) a tax increment financing represented by a promissory note (“TIF”);
provided, in which event such membership interests or such TIF shall be deemed not to be an asset of any Trust REMIC and all amounts
received with respect to such membership interests or such TIF shall be treated as payable to the Trust REMICs as credit enhancement
amounts within the meaning of the REMIC Provisions.

 

Section 3.10      
Trustee and Custodian to Cooperate; Release of Mortgage Files. (a)  Upon the payment in full of any Mortgage
Loan (other than a Non-Serviced Mortgage Loan) or Trust Subordinate Companion Loan, or the receipt by the Master Servicer or the
Special Servicer, as the case may be, of a notification that payment in full shall be escrowed in a manner customary for such
purposes, the Master Servicer or Special Servicer, as the case may be, will promptly notify the Trustee and the Custodian and
request delivery of the related Mortgage File. Any such notice and request shall be in the form of a Request for Release signed
by a Servicing Officer and shall include a statement to the effect that all amounts received or to be received in connection with
such payment which are required to be deposited in the Collection Account pursuant to Section 3.04(a) or remitted
to the Master Servicer to enable such deposit, have been or will be so deposited. Within seven (7) Business Days (or within such
shorter period as release can reasonably be accomplished if the Master Servicer or the Special Servicer notifies the Custodian
of an exigency) of receipt of such notice and request, the Custodian shall release the related Mortgage File to the Master Servicer
or Special Servicer, as the case may be; provided that in the case of the payment in full of a Serviced Companion Loan
or its related Mortgage Loan, the related Mortgage File shall not be released by the Custodian unless the related Serviced Whole
Loan is paid in full. No expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be
chargeable to the Collection Account.

 

(b)           
From time to time as is appropriate for servicing or foreclosure of any Mortgage Loan (other than any Non-Serviced Mortgage Loan)
(and any related Companion

 

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 Loan), the Master Servicer or the Special Servicer shall deliver to the Custodian a Request for Release
signed by a Servicing Officer. Upon receipt of the foregoing, the Custodian shall deliver the Mortgage File or any document therein
to the Master Servicer or the Special Servicer (or a designee), as the case may be. Upon return of such Mortgage File or such
document to the Custodian, or the delivery to the Trustee and the Custodian of a certificate of a Servicing Officer of the Master
Servicer or the Special Servicer, as the case may be, stating that such Mortgage Loan (and, in the case of a Serviced Whole Loan,
the related Companion Loan), was liquidated and that all amounts received or to be received in connection with such liquidation
which are required to be deposited into the Collection Account (including amounts related to the related Companion Loan, if applicable)
pursuant to Section 3.04(a) have been or will be so deposited, or that such Mortgage Loan has become an REO Property,
a copy of the Request for Release shall be released by the Custodian to the Master Servicer or the Special Servicer (or a designee),
as the case may be, with the original being released upon termination of the Trust.

 

(c)            
Within seven (7) Business Days (or within such shorter period as delivery can reasonably be accomplished if the Special Servicer
notifies the Trustee of an exigency) of receipt thereof, the Trustee shall execute and deliver to the Special Servicer any court
pleadings, requests for trustee’s sale or other documents necessary to the foreclosure or trustee’s sale in respect
of a Mortgaged Property or to any legal action brought to obtain judgment against any Mortgagor on the Mortgage Note (including
any note evidencing a related Companion Loan) or Mortgage or to obtain a deficiency judgment, or to enforce any other remedies
or rights provided by the Mortgage Note or Mortgage or otherwise available at law or in equity. The Special Servicer shall be
responsible for the preparation of all such documents and pleadings. When submitted to the Trustee for signature, such documents
or pleadings shall be accompanied by a certificate of a Servicing Officer requesting that such pleadings or documents be executed
by the Trustee and certifying as to the reason such documents or pleadings are required and that the execution and delivery thereof
by the Trustee will not invalidate or otherwise affect the lien of the Mortgage, except for the termination of such a lien upon
completion of the foreclosure or trustee’s sale. The Trustee shall not be required to review such documents for their sufficiency
or enforceability.

 

With
respect to each Servicing Shift Whole Loan, on and after the related Servicing Shift Securitization Date, if pursuant to the related
Intercreditor Agreement and the related Non-Serviced PSA, and as appropriate for enforcing the terms of such Servicing Shift Whole
Loan, as applicable, the related Non-Serviced Master Servicer requests in writing delivery to it of the original Note, then the
Custodian shall release or cause the release of such original Note to the related Non-Serviced Master Servicer or its designee.

 

(d)           
If, from time to time, pursuant to the terms of the applicable Non-Serviced Intercreditor Agreement and the applicable Non-Serviced
PSA, and as appropriate for enforcing the terms of a Non-Serviced Mortgage Loan, the applicable Non-Serviced Master Servicer requests
delivery to it of the original Mortgage Note for a Non-Serviced Mortgage Loan, then the Custodian shall release or cause the release
of such original Mortgage Note to such Non-Serviced Master Servicer or its designee.

 

Section 3.11      
Servicing Compensation. (a)  As compensation for its activities hereunder, the Master Servicer shall be entitled
to receive the Servicing Fee with respect to each

 

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 Mortgage Loan, Serviced Companion Loan and REO Loan (other than the portion
of any REO Loan related to any Non-Serviced Companion Loan) (including Specially Serviced Loans and any Non-Serviced Mortgage
Loan constituting a “specially serviced loan” under any related Non-Serviced PSA). As to each Mortgage Loan, Companion
Loan and REO Loan, the Servicing Fee shall accrue from time to time at the Servicing Fee Rate and shall be computed on the basis
of the Stated Principal Balance of such Mortgage Loan, Companion Loan or REO Loan, as the case may be, and in the same manner
as interest is calculated on such Mortgage Loan, Companion Loan or REO Loan, as the case may be, and, in connection with any partial
month interest payment, for the same period respecting which any related interest payment due on such Mortgage Loan or Companion
Loan or deemed to be due on such REO Loan is computed. The Servicing Fee with respect to any Mortgage Loan, Companion Loan or
REO Loan shall cease to accrue if a Liquidation Event occurs with respect to the related Mortgage Loan, except that if such Mortgage
Loan is part of a Serviced Whole Loan and such Serviced Whole Loan continues to be serviced and administered under this Agreement
notwithstanding such Liquidation Event, then the applicable Servicing Fee shall continue to accrue and be payable as if such Liquidation
Event did not occur. The Servicing Fee shall be payable monthly, on a loan-by-loan basis, from payments of interest on each Mortgage
Loan, Companion Loan and REO Revenues allocable as interest on each REO Loan, and as otherwise provided by Section 3.05(a).
The Master Servicer shall be entitled to recover unpaid Servicing Fees in respect of any Mortgage Loan, Companion Loan or REO
Loan out of that portion of related payments, Insurance and Condemnation Proceeds, Liquidation Proceeds and REO Revenues (in the
case of an REO Loan) allocable as recoveries of interest, to the extent permitted by Section 3.05(a). Except as set
forth in the next two sentences, the third paragraph of this Section 3.11(a), Section 6.03, Section 6.05
and Section 7.01(c), the right to receive the Servicing Fee may not be transferred in whole or in part (except
in connection with a transfer of all of the Master Servicer’s duties and obligations hereunder to a successor servicer in
accordance with the terms hereof). With respect to each Serviced Pari Passu Companion Loan, the Servicing Fee shall be payable
to the Master Servicer from amounts payable in respect of such Serviced Pari Passu Companion Loan, subject to the terms of the
related Intercreditor Agreement.

 

The
Master Servicer shall be entitled to retain, and shall not be required to deposit in the Collection Account pursuant to Section 3.04(a),
additional servicing compensation (other than with respect to a Non-Serviced Mortgage Loan) in the form of the following amounts
to the extent collected from the related Mortgagor: (i) 100% of Excess Modification Fees related to any consents, modifications,
waivers, extensions or amendments of any Non-Specially Serviced Loans (including any related Serviced Companion Loan, to the extent
not prohibited by the related Intercreditor Agreement) that are Master Servicer Decisions; (ii) 50% of Excess Modification
Fees related to any consents, modifications, waivers, extensions or amendments of any Non-Specially Serviced Loans (including
any related Serviced Companion Loan, to the extent not prohibited by the related Intercreditor Agreement) that are Major Decisions
regardless of who processes such decision; (iii) 100% of all assumption application fees received on Non-Specially Serviced
Loans (including any related Serviced Companion Loan, to the extent not prohibited by the related Intercreditor Agreement) to
the extent the Master Servicer is processing the underlying transaction and 100% of all defeasance fees (provided that
for the avoidance of doubt, any such defeasance fee shall not include any Modification Fees or waiver fees in connection with
a defeasance that the Special Servicer is entitled to under this Agreement); (iv) 100% of assumption, waiver, consent, earnout
and processing fees and similar

 

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 fees pursuant to Section 3.08 and Section 3.18 or other actions performed
in connection with this Agreement on the Non-Specially Serviced Loans (including any related Serviced Companion Loan, to the extent
not prohibited by the related Intercreditor Agreement) that are Master Servicer Decisions; provided that with respect to
such transactions, the consent of the Special Servicer is not required to take such actions; (v) 50% of all assumption, waiver,
consent and earnout fees and similar fees (other than assumption application and defeasance fees), pursuant to Section 3.08
and Section 3.18 on any Non-Specially Serviced Loan (including any related Serviced Companion Loan, to the extent
not prohibited by the related Intercreditor Agreement) where the action is a Major Decision (whether or not processed by the Special
Servicer). In addition, the Master Servicer shall be entitled to retain as additional servicing compensation (other than with
respect to a Non-Serviced Mortgage Loan) any reasonable review fees for processing Mortgagor requests, beneficiary statements
or demands, to the extent such beneficiary statements or demands were prepared by the Master Servicer, and other customary charges,
in each case only to the extent actually paid by the related Mortgagor and shall not be required to deposit such amounts in the
Collection Account or the Companion Distribution Account pursuant to Section 3.04(a) or Section 3.04(b),
respectively, any and all amounts collected for checks returned for insufficient funds relating to the accounts held by the Master
Servicer and late payment charges and default interest paid by the Mortgagors (that accrued while the related Mortgage Loans (other
than any Non-Serviced Mortgage Loan) or Trust Subordinate Companion Loan or any related Serviced Companion Loan (to the extent
not prohibited by the related Intercreditor Agreement) were not Specially Serviced Loans), but only to the extent such late payment
charges and default interest are not needed to pay interest on Advances or certain additional trust fund expenses incurred with
respect to the related Mortgage Loan or Trust Subordinate Companion Loan or, if provided under the related Intercreditor Agreement,
any related Serviced Companion Loan since the Closing Date. Subject to Section 3.11(d), the Master Servicer shall
also be entitled to additional servicing compensation in the form of: (i) Penalty Charges to the extent provided in Section 3.11(d),
(ii) interest or other income earned on deposits relating to the Trust Fund in the Collection Account or the Companion Distribution
Account in accordance with Section 3.06(b) (but only to the extent of the Net Investment Earnings, if any, with respect
to such account for the period from and including the prior Distribution Date to and including the Master Servicer Remittance
Date related to the current Distribution Date), (iii) interest or other income earned on deposits in the Servicing Account
which are not required by applicable law or the related Mortgage Loan or Trust Subordinate Companion Loan to be paid to the Mortgagor
and (iv) the difference, if positive, between Prepayment Interest Excess and Prepayment Interest Shortfalls collected on
the Mortgage Loans (other than the Non-Serviced Mortgage Loans) or Trust Subordinate Companion Loan and any Serviced Companion
Loan, during the related Collection Period to the extent not required to be paid as Compensating Interest Payments. The Master
Servicer shall be required to pay out of its own funds all expenses incurred by it in connection with its servicing activities
hereunder (including, without limitation, payment of any amounts due and owing to any of its Sub-Servicers and the premiums for
any blanket Insurance Policy insuring against hazard losses pursuant to Section 3.07), if and to the extent such expenses
are not payable directly out of the Collection Account and the Master Servicer shall not be entitled to reimbursement therefor
except as expressly provided in this Agreement.

 

With
respect to any of the preceding fees as to which both the Master Servicer and the Special Servicer are entitled to receive a portion
thereof, the Master Servicer and the

 

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 Special Servicer shall each have the right in their sole discretion, but not any obligation,
to reduce or elect not to charge its respective portion of such fee; provided that (without the consent of the affected
party) (A) neither the Master Servicer nor the Special Servicer shall have the right to reduce or elect not to charge the
portion of any such fee due to the other and (B) to the extent either the Master Servicer or the Special Servicer exercises
its right to reduce or elect not to charge its respective portion in any such fee, the party that reduced or elected not to charge
its respective portion of such fee shall not have any right to share in any part of the other party’s portion of such fee.
If the Master Servicer decides not to charge any fee, the Special Servicer shall nevertheless be entitled to charge its portion
of the related fee to which the Special Servicer would have been entitled if the Master Servicer had charged a fee and the Master
Servicer shall not be entitled to any of such fee charged by the Special Servicer.

 

Notwithstanding
anything herein to the contrary, the Master Servicer and the Special Servicer shall each be entitled to charge and retain reasonable
review fees in connection with any Mortgagor request to the extent such fees are not prohibited under the related Mortgage Loan
documents and are actually paid by or on behalf of the related Mortgagor. Notwithstanding anything herein to the contrary, Midland
Loan Services, a Division of PNC Bank, National Association may, at its option, assign or pledge to any third party or retain
for itself the Transferable Servicing Interest; provided, however, that in the event of any resignation or termination
of such Master Servicer, all or any portion of the Transferable Servicing Interest may be reduced by the Trustee to the extent
reasonably necessary (in the sole discretion of the Trustee) for the Trustee to obtain a qualified successor master servicer that
meets the requirements of Section 6.05 and who requires market-rate servicing compensation that accrues at a per
annum rate in excess of the Retained Fee Rate, and any such assignment of the Transferable Servicing Interest shall, by its
terms be expressly subject to the terms of this Agreement and such reduction. The Master Servicer shall pay the Transferable Servicing
Interest to the holder of the Transferable Servicing Interest at such time and to the extent the Master Servicer is entitled to
receive payment of its Servicing Fees hereunder, notwithstanding any resignation or termination of Midland Loan Services, a Division
of PNC Bank, National Association hereunder (subject to reduction pursuant to the preceding sentence).

 

(b)           
As compensation for its activities hereunder, the Special Servicer shall be entitled to receive the Special Servicing Fee with
respect to each Specially Serviced Loan and REO Loan (other than a Non-Serviced Mortgage Loan and any REO Loan relating to a Non-Serviced
Mortgaged Property). As to each Specially Serviced Loan and REO Loan, the Special Servicing Fee shall accrue from time to time
at the Special Servicing Fee Rate and shall be computed on the basis of the Stated Principal Balance of such Specially Serviced
Loan or REO Loan, as the case may be, and in the same manner as interest is calculated on the Specially Serviced Loans or REO
Loans, as the case may be, and, in connection with any partial month interest payment, for the same period respecting which any
related interest payment due on such Specially Serviced Loan or deemed to be due on such REO Loan is computed. The Special Servicing
Fee with respect to any Specially Serviced Loan or REO Loan shall cease to accrue if a Liquidation Event occurs with respect to
the related Mortgage Loan or Trust Subordinate Companion Loan. The Special Servicing Fee shall be payable monthly, on a loan-by-loan
basis, in accordance with the provisions of Section 3.05(a). The right to receive the Special Servicing Fee may not
be transferred in whole or in part except in connection with the transfer of all of the Special Servicer’s responsibilities
and obligations under this Agreement. The Special Servicer

 

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 shall not be entitled to any Special Servicing Fees with respect to
a Non-Serviced Mortgage Loan.

 

(c)            
Additional servicing compensation in the form of (i) 100% of all Excess Modification Fees related to modifications, waivers,
extensions or amendments of any Specially Serviced Loans, (ii) 100% of all assumption application fees and assumption fees
and other related fees received on any Specially Serviced Loans and 100% of such assumption application fees and other related
fees for all Non-Specially Serviced Loans to the extent the Special Servicer is processing the underlying assumption transaction,
(iii) 100% of waiver, consent and earnout fees and similar fees, pursuant to Section 3.08 and Section 3.18
or other actions performed in connection with this Agreement on the Specially Serviced Loans or certain other similar fees
paid by the related Mortgagor, (iv) 50% of all Excess Modification Fees and assumption, consent and earnout fees and similar fees
pursuant to Section 3.08 or Section 3.18 or other actions performed in connection with this Agreement
and 50% of all earnout fees received in all cases with respect to all Non-Specially Serviced Loans (including any related Serviced
Companion Loan, to the extent not prohibited by the related Intercreditor Agreement) to the extent the matter involves a Major
Decision regardless of who processes such decision, (v) late payment charges and default interest paid by the Mortgagors and accrued
while the related Mortgage Loans (including the related Companion Loan, if applicable, and to the extent not prohibited by the
related Intercreditor Agreement) were Specially Serviced Loans and that are not needed to pay interest on Advances or certain
additional trust fund expenses (other than Special Servicing Fees, Workout Fees and Liquidation Fees) with respect to the related
Mortgage Loan (including the related Companion Loan, if applicable, to the extent not prohibited by the related Intercreditor
Agreement) since the Closing Date, (vi) with respect to accounts held by the Special Servicer, 100% of charges by the special
servicer collected for checks returned for insufficient funds and (vii) 100% of charges for beneficiary statements or demands
actually paid by the Mortgagors to the extent such beneficiary statements or demands were prepared by the Special Servicer, shall
be promptly paid to the Special Servicer by the Master Servicer (or directly from the related Mortgagor) to the extent such fees
are paid by the Mortgagor and shall not be required to be deposited in the Collection Account pursuant to Section 3.04(a).
Notwithstanding the foregoing, the Special Servicer may also charge reasonable review fees in connection with any Mortgagor request
to the extent actually paid by the Mortgagor. Subject to Section 3.11(d), the Special Servicer shall also be entitled
to additional servicing compensation in the form of: (i) Penalty Charges to the extent provided in Section 3.11(d)
and (ii) interest or other income earned on deposits relating to the Trust Fund in the REO Account and Loss of Value
Reserve Fund in accordance with Section 3.06(b) (but only to the extent of the Net Investment Earnings, if any, with
respect to such account for the period from and including the prior Distribution Date to and including the Master Servicer Remittance
Date related to such Distribution Date). In addition, the Special Servicer shall be entitled to charge any Mortgagor for, and
retain as additional servicing compensation (other than with respect to any Non-Serviced Mortgage Loan), reasonable review fees
in connection with any Mortgagor request to the extent such review fees are not prohibited under the related Mortgage Loan documents,
and are actually paid by or on behalf of the related Mortgagor. The Special Servicer shall also be entitled to additional servicing
compensation in the form of a Workout Fee equal to the lesser of (i) the amount calculated with respect to each Corrected Loan
at the Workout Fee Rate on such Corrected Loan for so long as it remains a Corrected Loan and (ii) $1,000,000 in the aggregate
with respect to any particular workout of a Corrected Loan; provided, however, that after receipt

 

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by the Special
Servicer of Workout Fees with respect to such Corrected Loan in an amount equal to $25,000, any Workout Fees in excess of such
amount shall be reduced by the Excess Modification Fee Amount; provided, further, however, that in the event the
Workout Fee collected over the course of such workout calculated at the Workout Fee Rate is less than $25,000, then the Special
Servicer shall be entitled to an amount from the final payment on the related Corrected Loan (including any related Serviced Companion
Loan) that would result in the total Workout Fees payable to the Special Servicer in respect of that Corrected Loan (including
any related Serviced Companion Loan) to be $25,000. The Workout Fee shall be reduced (but not below zero) pursuant to the preceding
sentence with respect to each collection on such Corrected Loan from which fee would otherwise be payable until an amount equal
to such Excess Modification Fee Amount has been deducted in full. The Workout Fee with respect to any Corrected Loan will cease
to be payable if such loan again becomes a Specially Serviced Loan; provided that a new Workout Fee will become payable
if and when such Specially Serviced Loan again becomes a Corrected Loan. The Special Servicer shall not be entitled to any Workout
Fee with respect to a Non-Serviced Mortgage Loan. If the Special Servicer is terminated (other than for cause) or resigns, it
shall retain the right to receive any and all Workout Fees payable in respect of Mortgage Loans or any related Companion Loan
that became Corrected Loans prior to the time of that termination or resignation except the Workout Fees will no longer be payable
if the Corrected Loan subsequently becomes a Specially Serviced Loan. If the Special Servicer resigns or is terminated (other
than for cause), it will receive any Workout Fees payable on Specially Serviced Loans for which the resigning or terminated Special
Servicer had determined to grant a forbearance or cured the event of default through a modification, restructuring or workout
negotiated by the Special Servicer and evidenced by a signed writing, but which had not as of the time the Special Servicer resigned
or was terminated become a Corrected Loan solely because the Mortgagor had not had sufficient time to make three consecutive timely
Periodic Payments and which subsequently becomes a Corrected Loan as a result of the Mortgagor making such three consecutive timely
Periodic Payments. The successor special servicer will not be entitled to any portion of such Workout Fees. The Special Servicer
will not be entitled to receive any Workout Fees after termination for cause. A Liquidation Fee will be payable with respect to
each Specially Serviced Loan (other than a Non-Serviced Mortgage Loan) or REO Property (other than a Non-Serviced Mortgaged Property)
as to which the Special Servicer receives any Liquidation Proceeds or Insurance and Condemnation Proceeds subject to the exceptions
set forth in the definition of Liquidation Fee (such Liquidation Fee to be paid out of such Liquidation Proceeds, Insurance and
Condemnation Proceeds). If, however, Liquidation Proceeds or Insurance and Condemnation Proceeds are received with respect to
any Corrected Loan and the Special Servicer is properly entitled to a Workout Fee, such Workout Fee will be payable based on and
out of the portion of such Liquidation Proceeds and Insurance and Condemnation Proceeds that constitute principal and/or interest
on such Mortgage Loan. Notwithstanding anything herein to the contrary, the Special Servicer shall only be entitled to receive
a Liquidation Fee or a Workout Fee, but not both, with respect to proceeds on any Mortgage Loan. Notwithstanding the foregoing,
with respect to any Companion Loan, the Liquidation Fee, Workout Fee and Special Servicing Fees, if any, will be computed as provided
in the related Intercreditor Agreement or to the extent such Intercreditor Agreement is silent or refers to this Agreement or
indicates such fees are paid in accordance with this Agreement, as provided herein as though such Companion Loan were a Mortgage
Loan. Subject to Section 3.11(d), the Special Servicer will also be entitled to additional fees in the form

 

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of Penalty
Charges. The Special Servicer shall be required to pay out of its own funds all expenses incurred by it in connection with its
servicing activities hereunder (including, without limitation, payment of any amounts, other than management fees in respect of
REO Properties, due and owing to any of its Sub-Servicers and the premiums for any blanket Insurance Policy obtained by it insuring
against hazard losses pursuant to Section 3.07), if and to the extent such expenses are not expressly payable directly
out of the Collection Account or the REO Account, and the Special Servicer shall not be entitled to reimbursement therefor except
as expressly provided in this Agreement.

 

With
respect to any of the preceding fees as to which both the Master Servicer and the Special Servicer are entitled to receive a portion
thereof, the Master Servicer and the Special Servicer shall each have the right, but not any obligation, to reduce or elect not
to charge its respective portion of such fee; provided that (A) neither the Master Servicer nor the Special Servicer
shall have the right to reduce or elect not to charge the portion of any such fee due to the other and (B) to the extent
either the Master Servicer or the Special Servicer exercises its right to reduce or elect not to charge its respective portion
in any such fee, the party that reduced or elected not to charge its respective portion of such fee shall not have any right to
share in any part of the other party’s portion of such fee.  If the Master Servicer decides not to charge any fee,
the Special Servicer shall nevertheless be entitled to charge its portion of the related fee to which the Special Servicer would
have been entitled if the Master Servicer had charged a fee and the Master Servicer shall not be entitled to any of such fee charged
by the Special Servicer.

 

With
respect to a Mortgage Loan (or Serviced Companion Loan) that is a Specially Serviced Loan solely because of an event described
in clause (iv) or (x) of the definition of “Servicing Transfer Event”, the Special Servicer shall not be entitled
to a Workout Fee or any fee payable by the related Mortgagor only during any Imminent Default Workout Fee Restricted Period. Thereafter,
the Special Servicer shall be entitled to any Workout Fee or any other fee payable by the related Mortgagor and due the Special
Servicer in accordance with the terms of this Agreement.

 

With
respect to a Mortgage Loan (or Serviced Companion Loan) that is a Specially Serviced Loan solely because of an event described
in clause (iv) of the definition of “Servicing Transfer Event”, the Special Servicer shall not be entitled to a Liquidation
Fee or any fee payable by the related Mortgagor only during any Imminent Default Liquidation Fee Restricted Period. Thereafter,
the Special Servicer shall be entitled to any Liquidation Fee or any other fee payable by the related Mortgagor and due the Special
Servicer in accordance with the terms of this Agreement.

 

(d)           
In determining the compensation of the Master Servicer or Special Servicer, as applicable, with respect to Penalty Charges, on
any Distribution Date, the aggregate Penalty Charges collected on any Mortgage Loan (other than a Non-Serviced Mortgage Loan)
and any related Companion Loan since the prior Distribution Date shall be applied (in such order) to reimburse (i) the Master
Servicer, the Special Servicer or the Trustee for interest on Advances on such Mortgage Loan or related Companion Loan, if applicable
(and, in connection with a Non-Serviced Mortgage Loan, the applicable Non-Serviced Master Servicer, the applicable Non-Serviced
Special Servicer or the applicable Non-Serviced Trustee for interest on the Servicing Advances made by any such party with respect
to a Non-Serviced Whole Loan

 

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 pursuant to the applicable Non-Serviced PSA, to the extent not prohibited by the applicable Non-Serviced
Intercreditor Agreement) due on such Distribution Date, (ii) the Trust for all interest on Advances previously paid to the
Master Servicer or the Trustee pursuant to Section 3.05(a)(vi) hereof (and, in connection with a Non-Serviced Mortgage
Loan, the related trust for all interest on Servicing Advances reimbursed by such trust to any party under the applicable Non-Serviced
PSA, which resulted in an additional expense for the Trust, to the extent not prohibited by the applicable Non-Serviced Intercreditor
Agreement) with respect to such Mortgage Loan or related Companion Loan, if applicable and (iii) the Trust for all additional
expenses of the Trust (other than Special Servicing Fees, Workout Fees and Liquidation Fees), including without limitation, inspections
by the Special Servicer and all unpaid Advances incurred since the Closing Date with respect to such Mortgage Loan. Penalty Charges
(other than with respect to a Non-Serviced Mortgage Loan, which shall be payable as additional servicing compensation under the
related Non-Serviced PSA) remaining thereafter shall be distributed to the Master Servicer, if and to the extent accrued while
such Mortgage Loan and any related Companion Loan was a Non-Specially Serviced Loan, and to the Special Servicer, if and to the
extent accrued on such Mortgage Loan during the period such Mortgage Loan was a Specially Serviced Loan or REO Loan. Any Penalty
Charges paid or payable as additional servicing compensation to the Master Servicer and the Special Servicer shall be distributed
between the Master Servicer and the Special Servicer, on a pro rata basis, based on the Master Servicer’s and Special
Servicer’s respective entitlements to such compensation described in the previous sentence. Notwithstanding the foregoing,
Penalty Charges with respect to any Companion Loan will be allocated pursuant to the applicable Intercreditor Agreement after
payment of all related Advances and interest thereon and additional expenses of the Trust in accordance with this Section 3.11(d).

 

If
a Servicing Shift Whole Loan becomes a Specially Serviced Loan prior to the applicable Servicing Shift Securitization Date, the
Special Servicer shall service and administer such Servicing Shift Whole Loan and any related REO Property in the same manner
as any other Specially Serviced Loan or Serviced REO Property and shall be entitled to all rights and compensation earned with
respect to such Serviced Whole Loan as Special Servicer of such Serviced Whole Loan. With respect to a Servicing Shift Mortgage
Loan, prior to the applicable Servicing Shift Securitization Date, no other special servicer will be entitled to any such compensation
or have such rights and obligations. If a Servicing Shift Whole Loan is still a Specially Serviced Loan on the applicable Servicing
Shift Securitization Date, the Non-Serviced Special Servicer and the Special Servicer shall be entitled to compensation with respect
to such Servicing Shift Whole Loan as if the Special Servicer were being terminated as the Special Servicer with respect to such
Servicing Shift Whole Loan and the Non-Serviced Special Servicer were replacing the Special Servicer as the successor Special
Servicer with respect to such Servicing Shift Whole Loan.

 

If
a Servicing Shift Whole Loan is being specially serviced on the applicable Servicing Shift Securitization Date, the Special Servicer
shall be entitled to compensation for the period during which it acted as Special Servicer with respect to such Whole Loan, including
its share of any liquidation or workout fees and any additional servicing compensation as well as all surviving indemnity and
other rights in respect of such special servicing role under this Agreement.

 

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(e)            
With respect to each Distribution Date, the Special Servicer shall deliver or cause to be delivered to the Master Servicer within
two (2) Business Days following the Determination Date, and the Master Servicer shall deliver, to the extent it has received,
to the Certificate Administrator, without charge and on the Master Servicer Remittance Date, an electronic report (which may include
HTML, Word or Excel compatible format, clean and searchable PDF format or such other format as mutually agreeable between the
Certificate Administrator and the Special Servicer) that discloses and contains an itemized listing of any Disclosable Special
Servicer Fees received by the Special Servicer or any of its Affiliates, if any, with respect to such Distribution Date; provided
that no such report shall be due in any month during which no Disclosable Special Servicer Fees were received.

 

(f)            
The Special Servicer and its Affiliates shall be prohibited from receiving or retaining any compensation or any other remuneration
(including, without limitation, in the form of commissions, brokerage fees, rebates, or as a result of any other fee-sharing arrangement)
from any Person (including, without limitation, the Trust, any Mortgagor, any property manager, any guarantor or indemnitor in
respect of a Mortgage Loan and any purchaser of any Mortgage Loan or REO Property) in connection with the disposition, workout
or foreclosure of any Mortgage Loan, the management or disposition of any REO Property, or the performance of any other special
servicing duties under this Agreement, other than as expressly provided in this Section 3.11; provided that
such prohibition shall not apply to Permitted Special Servicer/Affiliate Fees.

 

(g)           
Pursuant to the CREFC® License Agreement, CREFC® shall be paid (according to the payment instructions
set forth on Exhibit JJ hereto or such other payment instructions as CREFC® may provide to the Master
Servicer in writing at least two (2) Business Days prior to the Master Servicer Remittance Date) the CREFC® Intellectual
Property Royalty License Fee on a monthly basis. The Master Servicer shall withdraw from the Collection Account and, to the extent
sufficient funds are on deposit therein, pay the CREFC® Intellectual Property Royalty License Fee to CREFC®
in accordance with Section 3.05(a)(xii) on a monthly basis, from funds on deposit in the Collection Account.

 

Section 3.12      
Inspections; Collection of Financial Statements. (a)  The Master Servicer shall perform (at its own expense),
or shall cause to be performed (at its own expense), a physical inspection of each Mortgaged Property relating to a Mortgage Loan
(other than a Non-Serviced Mortgage Loan or a Specially Serviced Loan) with a Stated Principal Balance of (i) $2,000,000
or more at least once every twelve (12) months and (ii) less than $2,000,000 at least once every twenty-four (24) months,
in each case, commencing in the calendar year 2021; provided, however, that if a physical inspection has been performed
by the Special Servicer in the previous twelve (12) months and the Master Servicer has no knowledge of a material change in the
Mortgaged Property since such physical inspection, the Master Servicer will not be required to perform or cause to be performed,
such physical inspection; provided, further, that if any scheduled payment becomes more than sixty (60) days delinquent
on the related Mortgage Loan, the Special Servicer shall inspect or cause to be inspected the related Mortgaged Property as soon
as practicable after such Mortgage Loan becomes a Specially Serviced Loan and annually thereafter for so long as such Mortgage
Loan remains a Specially Serviced Loan. The cost of such inspection by the Special Servicer pursuant to the second proviso of
the immediately preceding sentence shall be an expense of the Trust, and, to the extent not paid by the related

 

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Mortgagor, reimbursed
first from Penalty Charges actually received from the related Mortgagor and then from the Collection Account pursuant to
Section 3.05(a)(ii), provided that, with respect to a Serviced Whole Loan, such cost shall be payable, subject
to the terms of the related Intercreditor Agreement (i) with respect to a Serviced Pari Passu Whole Loan, pro rata
and pari passu, from the related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu Companion Loan, in accordance
with their respective Stated Principal Balances, or (ii) with respect to a Serviced AB Whole Loan, first, from the
related AB Subordinate Companion Loan and then, pro rata and pari passu, from the related Serviced Mortgage
Loan and the related Serviced Pari Passu Companion Loan (if any), in accordance with the respective Stated Principal Balances
of the related Serviced Mortgage Loan and Serviced Pari Passu Companion Loan (provided that, with respect to any AB Subordinate
Companion Loan, the foregoing shall not limit or otherwise modify the terms of the related Intercreditor Agreement pursuant to
which any amounts collected with respect to the related Whole Loan are allocated to the related Serviced Mortgage Loan and AB
Subordinate Companion Loan), in each case, prior to being payable out of general collections. The Special Servicer or the Master
Servicer, as applicable, shall prepare or cause to be prepared a written report of each such inspection detailing the condition
of and any damage to the Mortgaged Property to the extent evident from the inspection and specifying the existence of (i) any
vacancy in the Mortgaged Property that the preparer of such report has knowledge of and deems material, (ii) any sale, transfer
or abandonment of the Mortgaged Property of which the preparer of such report has knowledge or that is evident from the inspection,
(iii) any adverse change in the condition of the Mortgaged Property of which the preparer of such report has knowledge or
that is evident from the inspection, and that the preparer of such report deems material, (iv) any visible material waste
committed on the Mortgaged Property of which the preparer of such report has knowledge or that is evident from the inspection
and (v) photographs of each inspected Mortgaged Property. The Special Servicer and the Master Servicer shall deliver or,
if applicable, make available on its website a copy (in electronic format) of each such report prepared by the Special Servicer
or the Master Servicer, as applicable, to the other party, to the Directing Certificateholder ((i) prior to the occurrence
and continuance of a Control Termination Event and (ii) other than with respect to any Excluded Loan) and to the Trustee
within seven (7) Business Days after the later of (i) the completion of such report or (ii) the Special Servicer’s or the
Master Servicer’s, as applicable, receipt of such report, provided that the Special Servicer or the Master Servicer,
as applicable, shall use reasonable efforts consistent with the Servicing Standard to obtain such report within 30 days after
completion of the related inspection. Within five (5) Business Days after request for copies of such reports by the Rating Agencies,
the Special Servicer or the Master Servicer, as applicable, shall deliver or make available a copy (in electronic format) of each
such report prepared by the Special Servicer and the Master Servicer, as applicable, to the 17g-5 Information Provider for posting
to the 17g-5 Information Provider’s Website. In respect of any Mortgage Loan other than an Excluded Loan and prior to the
occurrence of a Consultation Termination Event, the Master Servicer shall deliver or make available a copy of each such report
to the Directing Certificateholder and upon request to each Controlling Class Certificateholder (which request may state that
such items may be delivered until further notice).

 

(b)           
The Special Servicer, in the case of any Specially Serviced Loan, and the Master Servicer, in the case of any Non-Specially Serviced
Loan shall make efforts consistent with the Servicing Standard to collect promptly (and in connection with the preparation of
the reports described in the following paragraph, review) from each related Mortgagor quarterly and

 

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annual operating statements,
financial statements, budgets and rent rolls of the related Mortgaged Property, and the quarterly and annual financial statements
of such Mortgagor, whether or not delivery of such items is required pursuant to the terms of the related Mortgage Loan documents
and any other reports or documents required to be delivered under the terms of the Mortgage Loans (and each Serviced Companion
Loan), if delivery of such items is required pursuant to the terms of the related Mortgage Loan (and each Serviced Companion Loan)
documents. The Master Servicer and the Special Servicer shall not be required to request such operating statements or rent rolls
more than once if the related Mortgagor is not required to deliver such statements pursuant to the terms of the Mortgage Loan
documents. In addition, the Special Servicer shall cause quarterly and annual operating statements, budgets and rent rolls to
be regularly prepared in respect of each REO Property and shall collect all such items promptly following their preparation. The
Special Servicer shall deliver all such items to the Master Servicer within five (5) Business Days of receipt, and the Master
Servicer shall make available on its website copies of all the foregoing items so collected to the Trustee, the Certificate Administrator,
the Directing Certificateholder and the Depositor, in electronic format, in each case within thirty (30) days of its receipt thereof,
but in no event, in the case of annual statements, later than June 30 of each year commencing June 30, 2020. Upon the request
of any Privileged Person (other than the NRSROs) to receive copies of such items, the Master Servicer or the Special Servicer,
as applicable, shall deliver electronic copies of such items to the Certificate Administrator to be posted on the Certificate
Administrator’s Website. The Master Servicer or Special Servicer, as applicable, shall, upon the request of any NRSRO, deliver
copies of all or any of the foregoing items so collected thereby to the 17g-5 Information Provider pursuant to Section 3.13(c).

 

Furthermore,
with respect to any Mortgage Loan (and each Serviced Companion Loan), if the related Mortgage Loan documents provide for the annual
or quarterly testing of financial conditions of the related Mortgagor and/or Mortgaged Property (e.g. debt yield tests, debt service
coverage ratio tests and/or loan-to-value ratio tests) in connection with cash management triggers or the commencement of additional
required Escrow Payments, the Special Servicer, in the case of any Specially Serviced Loan, and the Master Servicer, in the case
of any Non-Specially Serviced Loan, as applicable (only to the extent the related information required for such testing is to
be delivered to the Master Servicer or Special Servicer pursuant to the related Mortgage Loan Documents and is actually delivered
to either the Master Servicer or the Special Servicer), shall use reasonable efforts to conduct such financial testing within
the timeframes contemplated by such Mortgage Loan documents.

 

Within
forty-five (45) days after receipt by the Master Servicer, with respect to all Non-Specially Serviced Loans it is responsible
for servicing hereunder, or the Special Servicer with respect to Specially Serviced Loans and REO Properties (other than any Non-Serviced
Mortgaged Property), of any quarterly and annual operating statements or rent rolls beginning with the quarter ending March 31,
2020 and the calendar year ending December 31, 2019 (solely to the extent the related Mortgagor provides sufficient information
to report pursuant to CREFC® guidelines) with respect to any Mortgaged Property or REO Property, such Master Servicer or Special
Servicer, as applicable, shall, based upon such operating statements or rent rolls received, prepare (or, if previously prepared,
update) the analysis of operations and the CREFC® NOI Adjustment Worksheet and the CREFC® Operating
Statement Analysis Report, but only to the extent the related borrower is required by the Mortgage Loan documents to

 

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deliver and
does deliver, or otherwise agrees to provide and does provide, that information, presenting the computations to “normalize”
the full year net operating income and debt service coverage numbers used by the Master Servicer to prepare the CREFC®
Comparative Financial Status Report; provided that any such CREFC® Operating Statement Analysis Report
and/or CREFC® NOI Adjustment Worksheet shall not be required to be prepared or updated with respect to year-end
or the first calendar quarter of each year to the extent provided by the then-current CREFC® Investor Reporting
Package. Upon the occurrence and continuation of a Servicing Transfer Event, the Master Servicer shall provide the Special Servicer
with all prior CREFC® Operating Statement Analysis Reports and CREFC® NOI Adjustment Worksheets
for the related Mortgage Loan (including underwritten figures), and the Special Servicer’s obligations hereunder shall be
subject to its having received all such reports. The Master Servicer and Special Servicer shall, upon request, deliver copies
electronically of all operating statements and rent rolls received from any Mortgagor to the 17g-5 Information Provider pursuant
to Sections 3.13(c) and 3.13(d), and the Master Servicer and Special Servicer shall, upon request, make available
to the other and (prior to the occurrence of a Consultation Termination Event) the Directing Certificateholder electronically
monthly copies of all the foregoing items so collected thereby. All CREFC® Operating Statement Analysis Reports
and CREFC® NOI Adjustment Worksheets shall be maintained by the Master Servicer with respect to each Mortgaged
Property (other than a Non-Serviced Mortgaged Property) and REO Property (other than any Non-Serviced Mortgaged Property), and
the Master Servicer shall forward copies (in electronic format) thereof and the related operating statements or rent rolls (in
each case, promptly following the initial preparation and each material revision thereof) to the Certificate Administrator and,
upon the request of any NRSRO, the 17g-5 Information Provider (and the 17g-5 Information Provider shall post all such items to
the 17g-5 Information Provider’s Website), and upon request, shall make such items available to the Operating Advisor, the
Directing Certificateholder, and with respect to any Serviced Companion Loan, the related Companion Holder and the Special Servicer.
The Master Servicer shall maintain a CREFC® Operating Statement Analysis Report and a CREFC® NOI
Adjustment Worksheet with respect to each Mortgaged Property (other than a Non-Serviced Mortgaged Property) or REO Property (other
than a Non-Serviced Mortgaged Property).

 

(c)            
At or before 2:00 p.m. (New York City time) on each Determination Date, the Special Servicer shall prepare and deliver or
cause to be delivered to the Master Servicer and, prior to the occurrence of a Consultation Termination Event, the Directing Certificateholder,
the CREFC® Special Servicer Loan File and any applicable CREFC® Loan Liquidation Reports, CREFC®
Loan Modification Reports and CREFC® REO Liquidation Reports with respect to the Specially Serviced Loans
(excluding, for the Directing Certificateholder, any Excluded Loans) and any REO Properties (other than a Non-Serviced Mortgaged
Property), providing the information required of the Special Servicer in an electronic format, reasonably acceptable to the Master
Servicer as of the Business Day preceding such Determination Date, which CREFC® Special Servicer Loan File shall
include data, to enable the Master Servicer to produce the following supplemental CREFC® reports: (i) a CREFC®
Delinquent Loan Status Report, (ii) a CREFC® Historical Loan Modification/Forbearance and Corrected
Mortgage Loan Report, (iii) a CREFC® REO Status Report, (iv) a CREFC® Comparative Financial
Status Report and (v) a CREFC® NOI Adjustment Worksheet and a CREFC® Operating Statement Analysis
Report, in each case with the supporting financial statements, budgets, operating statements and rent rolls submitted by the Mortgagor.

 

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(d)           
Not later than 5:00 p.m. (New York City time) on the Master Servicer Remittance Date beginning December 2019, the Master
Servicer shall prepare (if and to the extent necessary) and deliver or cause to be delivered in electronic format to the Certificate
Administrator the following reports and data files: (A) to the extent the Master Servicer has received the CREFC®
Special Servicer Loan File at the time required, the most recent CREFC® Delinquent Loan Status Report, CREFC®
Historical Loan Modification/Forbearance and Corrected Mortgage Loan Report and the CREFC® REO Status Report,
(B) CREFC® Loan Setup File (with respect to the first Distribution Date), (C) the most recent CREFC®
Property File, and CREFC® Comparative Financial Status Report (in each case incorporating the data required
to be included in the CREFC® Special Servicer Loan File pursuant to Section 3.12(c) by the Special
Servicer and Master Servicer), (D) a CREFC® Servicer Watch List with information that is current as of such
Determination Date, (E) CREFC® Financial File, (F) CREFC® Loan Level Reserve/LOC Report,
(G) the CREFC® Advance Recovery Report, (H) CREFC® Total Loan Report and (I) the report
on Disclosable Special Servicer Fees delivered pursuant to Section 3.11(e) to the extent received from the Special
Servicer, if any. Additionally, not later than 5:00 p.m. (New York City time) on the Master Servicer Remittance Date beginning
December 2019, the Master Servicer shall deliver or cause to be delivered in electronic format to the Certificate Administrator
any applicable CREFC® Loan Liquidation Reports, CREFC® Loan Modification Reports and CREFC®
REO Liquidation Reports received from the Special Servicer. Not later than 2:00 p.m. (New York City time) two (2) Business
Days prior to the Distribution Date beginning in December 2019, the Master Servicer shall deliver or cause to be delivered to
the Certificate Administrator via electronic format the CREFC® Loan Periodic Update File and the CREFC®
Appraisal Reduction Amount Template, if provided for such Distribution Date. In no event shall any report described in this
subsection be required to reflect information that has not been collected by or delivered to the Master Servicer, or any payments
or collections not received by the Master Servicer, as of the close of business on the Business Day prior to the Business Day
on which the report is due. In no event shall any report described in this subsection be required to reflect information that
has not been collected by or delivered to the Master Servicer, or any payments or collections not received by the Master Servicer,
as of the close of business on the Business Day prior to the Business Day on which the report is due.

 

Not
later than 5:00 p.m. (New York City time) two calendar days (or if the second calendar day is not a Business Day, then the immediately
succeeding Business Day) following the Distribution Date beginning January 2020, the Master Servicer shall deliver to the Certificate
Administrator the CREFC® Schedule AL File in EDGAR-Compatible Format; provided that the Master Servicer
shall have no obligation to prepare or deliver any such CREFC® Schedule AL File or Schedule AL Additional File
unless the Depositor has delivered the items required by Section 2.01(j). If the CREFC® Schedule AL
File or Schedule AL Additional File is not provided by the time set forth in the immediately preceding sentence, the Certificate
Administrator shall request such CREFC® Schedule AL File from the Master Servicer via email at NoticeAdmin@midlandls.com,
with a copy to the Depositor at US_CMBS_Notice@jpmorgan.com. In preparing the CREFC® Schedule AL File and any Schedule
AL Additional File for any given Distribution Date, and without any due diligence, investigation or verification, the Master Servicer
shall be entitled to conclusively rely, absent manifest error, on the content, completeness, accuracy and compliance with any
applicable requirements of Items 1111(h) and 1125 of Regulation AB and Item 601(b) of Regulation S-K under the Securities Act
as in effect on the Closing Date of the Initial Schedule AL File, Initial

 

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Schedule AL Additional File and the Annex A-1 to the
Prospectus. The Master Servicer may concurrently with the delivery of the related CREFC® Schedule AL File, deliver
any related Schedule AL Additional File in EDGAR-Compatible Format to the Certificate Administrator. The CREFC®
Schedule AL File and the Schedule AL Additional File shall each be a single file. Neither the Certificate Administrator nor the
Master Servicer shall be required to combine multiple CREFC® Schedule AL Files or Schedule AL Additional Files,
unless, solely with respect to the Master Servicer, multiple Sub-Servicers prepare and submit such CREFC® Schedule
AL Files or Schedule AL Additional Files to the Master Servicer. The Certificate Administrator shall not be required to review,
redact, reconcile, edit or verify the content, completeness or accuracy of the information contained in any CREFC®
Schedule AL File or any Schedule AL Additional File.

 

In
the absence of manifest error, the Master Servicer shall be entitled to conclusively rely upon, without investigation or inquiry,
any information and reports delivered to it by any third party, and the Certificate Administrator shall be entitled to conclusively
rely upon the Master Servicer’s reports and the Special Servicer’s reports and any information provided by the Trustee,
without any duty or obligation to recompute, verify or recalculate any of the amounts and other information stated therein.

 

(e)            
The Special Servicer shall deliver to the Master Servicer the reports and information required of the Special Servicer pursuant
to Section 3.12(b) and Section 3.12(c), and the Master Servicer shall deliver to the Certificate Administrator
the reports and data files set forth in Section 3.12(d). The Master Servicer may, absent manifest error, conclusively
rely on the reports and/or data to be provided by the Special Servicer pursuant to Section 3.12(b) and Section 3.12(c).
The Certificate Administrator may, absent manifest error, conclusively rely on the reports and/or data to be provided by the Master
Servicer pursuant to Section 3.12(d). In the case of information or reports to be furnished by the Master Servicer
to the Certificate Administrator pursuant to Section 3.12(d), to the extent that such information or reports are,
in turn, based on information or reports to be provided by the Special Servicer pursuant to Section 3.12(b) or Section 3.12(c)
and to the extent that such reports are to be prepared and delivered by the Special Servicer pursuant to Section 3.12(b)
or Section 3.12(c), the Master Servicer shall have no obligation to provide such information or reports to the
Certificate Administrator until it has received the requisite information or reports from the Special Servicer, and the Master
Servicer shall not be in default hereunder due to a delay in providing the reports required by Section 3.12(d) caused
by the Special Servicer’s failure to timely provide any information or report required under Section 3.12(b)
or Section 3.12(c) of this Agreement.

 

(f)            
Notwithstanding the foregoing, however, the failure of the Master Servicer or Special Servicer to disclose any information otherwise
required to be disclosed by this Section 3.12 shall not constitute a breach of this Section 3.12 to the
extent the Master Servicer or Special Servicer so fails because such disclosure, in the reasonable belief of the Master Servicer
or the Special Servicer, as the case may be, would violate any applicable law or any provision of a Mortgage Loan document prohibiting
disclosure of information with respect to the Mortgage Loans or Mortgaged Properties. The Master Servicer and Special Servicer
may disclose any such information or any additional information to any Person so long as such disclosure is consistent with applicable
law and the Servicing Standard. The Master Servicer or the Special

 

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Servicer may affix to any information provided by it any disclaimer
it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto).

 

(g)           
Unless otherwise specifically stated herein, if the Master Servicer or the Special Servicer is required to deliver any statement,
report or information under any provisions of this Agreement, the Master Servicer or the Special Servicer, as the case may be,
may satisfy such obligation by (x) physically delivering a paper copy of such statement, report or information, (y) delivering
such statement, report or information in a commonly used electronic format or (z) except with respect to information to be
provided to the Certificate Administrator or any Companion Holder and, prior to the occurrence of a Consultation Termination Event,
the Directing Certificateholder, making such statement, report or information available on the Master Servicer’s Internet
website, unless this Agreement expressly specifies a particular method of delivery.

 

Notwithstanding
anything to the contrary in the foregoing, the Master Servicer and the Special Servicer shall deliver any required statements,
reports or other information to the Certificate Administrator in an electronic format mutually agreeable to the Certificate Administrator
and the Master Servicer or the Special Servicer, as the case may be. The Master Servicer or the Special Servicer may physically
deliver a paper copy of any such statement, report or information as a temporary measure due to system problems, however, copies
in electronic format shall follow upon the correction of such system problems.

 

Section 3.13      
Access to Certain Information. (a)  Each of the Master Servicer and the Special Servicer shall provide or cause
to be provided to the Certificate Administrator, and the Certificate Administrator shall afford access to any Mortgage Loan Seller
and to any Certificateholder that is a federally insured financial institution, the OCC, the FDIC, the Board of Governors of the
Federal Reserve System of the United States of America and the supervisory agents and examiners of such boards and such corporations,
and any other federal or state banking or insurance regulatory authority that may exercise authority over any such Certificateholder,
and to each Holder of a Non-Registered Certificate, access to any documentation or information regarding the Mortgage Loans (other
than any Non-Serviced Mortgage Loan) and, in the case of a Mortgage Loan that is a portion of a Serviced Whole Loan, the related
Companion Loan, and the Trust within its control which may be required by applicable law. At the election of the Master Servicer,
the Special Servicer or the Certificate Administrator, such access may be afforded to such Person identified above by the delivery
of copies of information as requested by such Person and the Master Servicer, the Special Servicer or the Certificate Administrator
shall be permitted to require payment (other than from the Directing Certificateholder and the Trustee and the Certificate Administrator
on its own behalf or on behalf of the Certificateholders, as applicable) of a sum sufficient to cover the reasonable out-of-pocket
costs incurred by it in making such copies. Such access shall (except as described in the preceding sentence) be afforded without
charge but only upon reasonable prior written request and during normal business hours at the offices of the Certificate Administrator
or the Custodian.

 

The
failure of the Master Servicer or Special Servicer to provide access as provided in this Section 3.13 as a result
of a confidentiality obligation shall not constitute a breach of this Section 3.13. In connection with providing information
pursuant to this

 

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Section 3.13, the Master Servicer and Special Servicer may each (i) affix a reasonable disclaimer
to any information provided by it for which it is not the original source (without suggesting liability on the part of any other
party hereto); (ii) affix to any information provided by it a reasonable statement regarding securities law restrictions
on such information and/or condition access to information on (x) the execution of a confidentiality agreement substantially
in the form of Exhibit X, or (y) execution of a “click-through” confidentiality agreement if such
information is being provided through the Master Servicer’s Internet website; (iii) withhold access to confidential
information or any intellectual property; and/or (iv) withhold access to items of information contained in the Servicing
File for any Mortgage Loan if the disclosure of such items is prohibited by applicable law or the provisions of any related Mortgage
Loan documents or would constitute a waiver of the attorney-client privilege. Notwithstanding any provision of this Agreement
to the contrary, the failure of the Master Servicer or the Special Servicer to disclose any information otherwise required to
be disclosed by it pursuant to this Agreement shall not constitute a breach of this Agreement to the extent that the Master Servicer
or the Special Servicer, as the case may be, determines, in its reasonable good faith judgment consistent with the applicable
Servicing Standard, that such disclosure would violate applicable law or any provision of a Mortgage Loan or Companion Loan document
prohibiting disclosure of information with respect to the Mortgage Loans or Companion Loans or the Mortgaged Properties, constitute
a waiver of the attorney-client privilege on behalf of the Trust or the Trust or otherwise materially harm the Trust or the Trust.
Without limiting the generality of the foregoing, the Master Servicer or Special Servicer may refrain from disclosing information
that it reasonably determines would prejudice the interest of the Certificateholders with respect to a workout or exercise of
remedies as to any particular Mortgage Loan or Trust Subordinate Companion Loan.

 

Upon
the reasonable request of any Certificateholder (or with respect to any AB Subordinate Companion Loan related to a Serviced AB
Whole Loan, the holder of such AB Subordinate Companion Loan) that is a Privileged Person identified to the Master Servicer’s
reasonable satisfaction, the Master Servicer may provide (or forward electronically) (at the expense of such Certificateholder
or holder of such AB Subordinate Companion Loan, as applicable) copies of any appraisals, operating statements, rent rolls and
financial statements (in each case, solely relating to the related Serviced Whole Loan, if requested by the holder of the an AB
Subordinate Companion Loan or a Holder of the Loan-Specific Certificates) obtained by the Master Servicer; provided that,
in connection therewith, the Master Servicer may require a written confirmation executed by the requesting Person substantially
in such form as may be reasonably acceptable to the Master Servicer, generally to the effect that such Person is a Holder of Certificates,
a beneficial holder of Book-Entry Certificates (or an investment advisor for a Certificateholder or beneficial holder of Book-Entry
Certificates) or holder of such AB Subordinate Companion Loan and a Privileged Person and will keep such information confidential
and shall use such information only for the purpose of analyzing asset performance and evaluating any continuing rights the Certificateholder
or holder of such AB Subordinate Companion Loan, as applicable, may have under the Trust. For the avoidance of doubt, the Master
Servicer shall not make any Asset Status Reports available to any Certificateholders on its website. None of the parties to this
Agreement shall provide any Asset Status Report or any Final Asset Status Report to the Certificate Administrator.

 

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Notwithstanding
anything to the contrary herein (other than as permitted in the preceding paragraph with respect to any Certificateholder or as
specially provided for herein with respect to the Directing Certificateholder), unless required by applicable law or court order,
no Certificateholder or beneficial owner shall be given access to, or be provided copies of, the Mortgage Files or Diligence Files.

 

(b)           
The Certificate Administrator shall make available to Privileged Persons (provided that the Prospectus, Distribution Date
Statements, Mortgage Loan Purchase Agreements, this Agreement and the Commission EDGAR filings referred to below will be available
to the general public) via the Certificate Administrator’s Website, the following items, in each case, to the extent such
items were prepared by or delivered to the Certificate Administrator in electronic format:

 

(i)            
The following documents, which will initially be made available under a tab or heading designated “deal documents”:

 

(A)          
the Prospectus and any other disclosure document relating to the Offered Certificates, in the form most recently provided to the
Certificate Administrator by the Depositor or by any Person designated by the Depositor;

 

(B)          
this Agreement and any amendments and exhibits hereto;

 

(C)          
each Sub-Servicing Agreement delivered to the Certificate Administrator on and after the Closing date;

 

(D)          
the Mortgage Loan Purchase Agreements and any amendments and exhibits thereto; and

 

(E)           
the CREFC® Loan Setup File provided by the Master Servicer to the Certificate Administrator;

 

(ii)            
the following documents, which will initially be made available under a tab or heading designated “SEC EDGAR filings”;

 

  (A)          
any reports on Forms 10-D, 10-K, 8-K and ABS-EE that have been filed by the Certificate Administrator with respect to the
Trust through the EDGAR system;

 

(iii)           The following documents, which will initially be made available under a tab or heading designated “periodic reports”:

 

  (A)          
all Distribution Date Statements prepared by the Certificate Administrator pursuant to Section 4.02; and

 

  (B)          
the CREFC® Loan Periodic Update File, the CREFC® Bond Level File, the CREFC® Collateral
Summary File, the CREFC® Property File, each of the “surveillance reports” identified as such in the
definition of “CREFC® Investor Reporting Package” (including, without limitation, the CREFC®

 

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Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheets), the CREFC®
Advance Recovery Report to the extent delivered by the Master Servicer pursuant to this Agreement from time to time;

 

(iv)           The following documents, which will initially be made available under a tab or heading designated “additional documents”:

 

(A)          
summaries of Final Asset Status Reports or, prior to an AB Control Appraisal Period or a 225 Bush Control Appraisal Period, summaries
of Asset Status Reports approved by the holder of the related Companion Loan, and related information delivered to the Certificate
Administrator pursuant to Section 3.19(d);

 

(B)          
all property inspection reports and environmental reports delivered to the Certificate Administrator pursuant to Section 3.12(a);

 

(C)          
any Appraisals delivered to the Certificate Administrator pursuant to Section 3.19;

 

(D)          
the CREFC® Appraisal Reduction Amount Template or a detailed worksheet showing the calculation of each Appraisal
Reduction Amount, Collateral Deficiency Amount, and Cumulative Appraisal Reduction Amount on a current and cumulative basis; and

 

(E)           
all Operating Advisor Annual Reports;

 

(v)           The following documents, which will initially be made available under a tab or heading designated “special notices”:

 

(A)          
any notice with respect to a release pursuant to Section 3.09(d);

 

(B)          
any notice regarding a waiver, modification or amendment of the terms of any Mortgage Loan pursuant to Section 3.18(e);

 

(C)          
any notice of final payment on the Certificates delivered to the Certificate Administrator pursuant to Section 4.01(i);

 

(D)          
any notice of the occurrence of any Servicer Termination Event or termination of the Master Servicer or the Special Servicer delivered
pursuant to Section 7.01;

 

(E)           
any notice of the Certificate Administrator’s determination that an Asset Review Trigger has occurred and any other notice
required to be delivered to the Certificateholders pursuant to Section 12.01;

 

(F)           
any Asset Review Report Summary received by the Certificate Administrator;

 

(G)          
[Reserved];

 

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(H)          
any notice of resignation of the Trustee or the Certificate Administrator, and any notice of the acceptance of appointment by
the successor trustee or the successor certificate administrator pursuant to Section 8.07 or Section 8.08;

 

(I)             
any Officer’s Certificate supporting any determination that any Advance was (or, if made, would be) a Nonrecoverable Advance;

 

(J)            
any notice of resignation or termination of the Master Servicer or Special Servicer pursuant to Section 7.03;

 

(K)          
any notice of termination pursuant to Section 9.01;

 

(L)           
any notice of resignation or termination of the Operating Advisor or the Asset Representations Reviewer and any notice of the
acceptance of appointment by the successor operating advisor or the successor asset representations reviewer pursuant to Section 3.26
or Section 12.03, respectively;

 

(M)         
any notice of any request by requisite percentage of Certificateholders for a vote to terminate the Special Servicer pursuant
to Section 7.01(d), the Operating Advisor pursuant to Section 3.26(j) or the Asset Representations Reviewer
pursuant to Section 12.05(b);

 

(N)          
any notice of recommendation of termination of the Special Servicer by the Operating Advisor and the related report prepared by
the Operating Advisor in connection with such recommendation;

 

(O)          
any notice that a Control Termination Event or a 225 Bush Control Appraisal Period has occurred or is terminated or that a Consultation
Termination Event has occurred;

 

(P)           
any notice that an Operating Advisor Consultation Event has occurred or is terminated;

 

(Q)          
any notice of the occurrence of an Operating Advisor Termination Event;

 

(R)          
any notice of the occurrence of an Asset Representations Reviewer Termination Event;

 

(S)           
any Proposed Course of Action Notice;

 

(T)           
any assessments of compliance delivered to the Certificate Administrator;

 

(U)          
any attestation reports delivered to the Certificate Administrator;

 

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(V)          
any “special notices” required by a Certificateholder to be posted on the Certificate Administrator’s website
pursuant to Section 5.06; and

 

(W)        
any notice or document provided to the Certificate Administrator by the Depositor or the Master Servicer directing the Certificate
Administrator to post same to the “Special Notice” tab;

 

(vi)          
the “Investor Q&A Forum” pursuant to Section 4.07(a);

 

(vii)         
solely to Certificateholders and Certificate Owners that are Privileged Persons, the “Investor Registry” pursuant
to Section 4.07(b); and

 

(viii)        
the “U.S. Risk Retention Special Notices” tab shall include any notices provided by the Retaining Sponsor in satisfaction
of the Risk Retention Rules;

 

provided
that with respect to a Control Termination Event or a Consultation Termination Event deemed to exist due solely to the existence
of an Excluded Loan, the Certificate Administrator will only be required to make available such notice of the occurrence and continuance
of a Control Termination Event or the notice of the occurrence and continuance of a Consultation Termination Event to the extent
the Certificate Administrator has been notified of such Excluded Loan.

 

The
Certificate Administrator shall, in addition to posting the applicable notices on the “U.S. Risk Retention Special Notices”
tab described in clause (viii) above, include a fixed statement in the Distribution Date Statement that risk retention notices,
if any, can be found on the “U.S. Risk Retention Special Notices” tab. The Certificate Administrator shall, in addition
to posting the applicable notices on the “U.S. Risk Retention Special Notices” tab described in clause (viii) above,
provide email notification to any Privileged Person (other than Financial Market Publishers) that has registered to receive access
to the Certificate Administrator’s Website that a notice has been posted to the “U.S. Risk Retention Special Notices”
tab.

 

In
the event that the Retaining Sponsor in its capacity as the retaining sponsor determines that the Third Party Purchaser no longer
complies with the provisions of the Risk Retention Rule related to (a) number of third-party purchasers, (b) source of funds,
(c) third-party review, (d) affiliation and control rights and (e) hedging, transfer and pledging, it will be required to send
a written notice of such non-compliance to the Certificate Administrator who will post such notice on its website under the “U.S.
Risk Retention Special Notices” tab.

 

Notwithstanding
the description set forth above, for purposes of obtaining information or access to the Certificate Administrator’s Website,
all Excluded Information shall be made available under one separate tab or heading rather than under the headings described above
in the preceding paragraph.

 

The
Certificate Administrator shall post on the Certificate Administrator’s Website the items and reports identified in clauses (iii)(A)
and (B) above on each Distribution Date. In addition, if the Depositor so directs the Certificate Administrator, and
on terms acceptable to the Certificate Administrator, the Certificate Administrator shall make certain other information and reports
related to the Mortgage Loans available through its Internet website.

 

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Notwithstanding
the foregoing, all Excluded Information shall be made available under a separate tab or heading designated “Excluded Information”
on the Certificate Administrator’s Website (and not under any of the tabs or headings described in items (i) through
(vii) above) and made available to Privileged Persons other than any Excluded Controlling Class Holder that is a Borrower Party
(unless a loan-by-loan segregation is later performed by the Certificate Administrator in which case such access shall only be
prohibited with respect to the related Excluded Controlling Class Loan(s)). The “U.S. Risk Retention Special Notices”
tab shall be available to Privileged Persons (other than any Financial Market Publisher).

 

Any
Person (other than the Directing Certificateholder or a Controlling Class Certificateholder) that is a Borrower Party shall only
be entitled to access the Distribution Date Statements and the following items made available to the general public: the Prospectus,
this Agreement, the Mortgage Loan Purchase Agreements and the SEC filings on the Certificate Administrator’s Website. In
the case of the Directing Certificateholder or a Controlling Class Certificateholder or a 225 Bush Controlling Class Certificateholder,
if any such Person becomes an Excluded Controlling Class Holder, upon delivery to the Master Servicer, the Special Servicer, the
Operating Advisor, the Certificate Administrator and the Trustee in physical form of an investor certification substantially in
the form Exhibit P-1E and upon delivery to the Certificate Administrator in physical form of an investor certification
substantially in the form of Exhibit P-1F, which shall include each of the CTSLink User ID associated with such Excluded
Controlling Class Holder, such Excluded Controlling Class Holder shall be entitled to access all information (other than the Excluded
Information with respect to any Excluded Controlling Class Loans (unless a loan-by-loan segregation is later performed by the
Certificate Administrator in which case such access shall only be prohibited with respect to the related Excluded Controlling
Class Loans)) available on the Certificate Administrator’s Website.

 

In
the case of the Directing Certificateholder or a Controlling Class Certificateholder or a 225 Bush Controlling Class Certificateholder
that is not an Excluded Controlling Class Holder, upon delivery of an investor certification substantially in the form of Exhibit
P-1B hereto, such Directing Certificateholder or Controlling Class Certificateholder or a 225 Bush Controlling Class Certificateholder
shall be entitled to access all information on the Certificate Administrator’s Website. The Master Servicer, the Special
Servicer, the Operating Advisor, the Certificate Administrator and the Trustee may each rely on (i) an investor certification
in the form of Exhibit P-1B hereto from the Directing Certificateholder or a Controlling Class Certificateholder to the
effect that such Person is not an Excluded Controlling Class Holder and (ii) an investor certification in the form of Exhibit
P-1D hereto from the Directing Certificateholder or a Controlling Class Certificateholder or a 225 Bush Controlling Class
Certificateholder to the effect that such Person is an Excluded Controlling Class Holder or a 225 Bush Controlling Class Certificateholder
with respect to one or more Excluded Controlling Class Loan(s). In the event the Directing Certificateholder or a Controlling
Class Certificateholder or a 225 Bush Controlling Class Certificateholder becomes an Excluded Controlling Class Holder, such party
shall promptly notify each of the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator
and the Trustee in writing substantially in the form of Exhibit P-1E that such party has become an Excluded Controlling
Class Holder with respect to the Excluded Controlling Class Loan(s) listed in such notice and shall also provide the Certificate
Administrator a notice substantially in the form of Exhibit P-1F

 

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listing each of the CTSLink User ID associated with such
Excluded Controlling Class Holder and directing the Certificate Administrator to restrict such Excluded Controlling Class Holder’s
access to the Certificate Administrator’s Website as and to the extent provided in this Agreement. Upon confirmation from
the Certificate Administrator that such access has been restricted, such Excluded Controlling Class Holder shall submit a new
investor certification substantially in the form of Exhibit P-1D to access the information on the Certificate Administrator’s
Website, except that such Excluded Controlling Class Holder shall not be entitled to access any Excluded Information related to
any Excluded Controlling Class Loan(s) (unless a loan-by-loan segregation is later performed by the Certificate Administrator
in which case such access shall only be prohibited with respect to the related Excluded Controlling Class Loan(s)) made available
on the Certificate Administrator’s Website. With respect to any Excluded Information sent for posting on the Certificate
Administrator’s Website, each of the Master Servicer, the Special Servicer and the Operating Advisor shall mark or label
such information as “Excluded Information” prior to delivery to the Certificate Administrator, and the Certificate
Administrator shall segregate on the Certificate Administrator’s Website such Excluded Information (and, if possible, on
loan-by-loan basis) from information relating to other Mortgage Loans or Whole Loans, as applicable.

 

Notwithstanding
anything herein to the contrary, each of the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator
and the Trustee shall be entitled to conclusively assume that the Directing Certificateholder and all beneficial owners of the
Certificates of the Controlling Class are not Excluded Controlling Class Holders except to the extent that the Master Servicer,
the Special Servicer, the Operating Advisor, the Certificate Administrator or the Trustee, as applicable, has received a notice
substantially in the form of Exhibit P-1E from the Directing Certificateholder or a Controlling Class Certificateholder
or a 225 Bush Controlling Class Certificateholder that it has become an Excluded Controlling Class Holder. None of the Master
Servicer, the Special Servicer, the Operating Advisor or the Certificate Administrator shall be liable for any communication to
the Directing Certificateholder or a Controlling Class Certificateholder that is an Excluded Controlling Class Holder or disclosure
of any information relating to an Excluded Controlling Class Loan (including any related Excluded Information delivered to the
Certificate Administrator for posting to the Certificate Administrator’s Website) if the Master Servicer, the Special Servicer,
the Operating Advisor or the Certificate Administrator, as applicable, did not receive prior written notice that the related Mortgage
Loan is an Excluded Controlling Class Loan and/or, with respect to any related Excluded Information posted on the Certificate
Administrator’s Website, such information was not delivered to the Certificate Administrator in accordance with Section 3.32(a).

 

Each
of the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator and the Trustee shall be entitled
to conclusively rely on delivery from the Directing Certificateholder or a Controlling Class Certificateholder or a 225 Bush Controlling
Class Certificateholder of an investor certification substantially in the form of Exhibit P-1B that it is not or is no
longer an Excluded Controlling Class Holder. To the extent the Directing Certificateholder or a Controlling Class Certificateholder
receives access pursuant to this Agreement to any Excluded Information on the Certificate Administrator’s Website or otherwise
receives access to such Excluded Information, such Directing Certificateholder or Controlling Class Certificateholder shall be
deemed to have agreed that it (i) will not directly or

 

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indirectly provide any such Excluded Information to (A) the related
Borrower Party, (B) any related Excluded Controlling Class Holder, (C) any employees or personnel of such Directing
Certificateholder or Controlling Class Certificateholder or any of its Affiliate involved in the management of any investment
in the related Borrower Party or the related Mortgaged Property or (D) to its actual knowledge, any non-Affiliate that holds
a direct or indirect ownership interest in the related Borrower Party, and (ii) will maintain sufficient internal controls
and appropriate policies and procedures in place in order to comply with the obligations described in clause (i) above.

 

To
the extent a Risk Retention Consultation Party or a Holder of the VRR Interest receives access pursuant to this Agreement to any
information solely related to a Mortgage Loan or the Trust Subordinate Companion Loan with respect to which such party is a Borrower
Party (which shall include any Asset Status Reports, Final Asset Status Reports (or summaries thereof), inspection reports related
to Specially Serviced Loans conducted by the Special Servicer or any Excluded Special Servicer and which may include any Operating
Advisor reports delivered to the Certificate Administrator regarding the Special Servicer’s net present value determination
or any Appraisal Reduction Amount calculations, and any Officer’s Certificates delivered by the Trustee, the Master Servicer
or the Special Servicer, supporting any determination that any Advance was (or, if made, would be) a Nonrecoverable Advance, but
in each case other than information with respect to such Mortgage Loan or Trust Subordinate Companion Loan that is aggregated
with information of other Mortgage Loans at a pool level), on the Certificate Administrator’s Website or otherwise receives
access to such information, the Risk Retention Consultation Party or Holder of the VRR Interest, as applicable, shall be deemed
to have agreed that it (i) will not directly or indirectly provide any such information to (A) the related Borrower Party, (B)
any employees or personnel of such Risk Retention Consultation Party or Holder of the VRR Interest, as applicable, or any of its
Affiliates involved in the management of any investment in the related Borrower Party or the related Mortgaged Property or (C)
to its actual knowledge, any non-Affiliate that holds a direct or indirect ownership interest in the related Borrower Party, and
(ii) will maintain sufficient internal controls and appropriate policies and procedures in place in order to comply with the obligations
described in clause (i) above. For the avoidance of doubt, for the purposes of this paragraph, any file or report contained
in the CREFC® Investor Reporting Package (“CREFC® IRP”) (other than the CREFC®
Special Servicer Loan File relating to any such Excluded Loan) shall be considered information that is aggregated with information
of other Mortgage Loans at a pool level.

 

The
Certificate Administrator makes no representation or warranty as to the accuracy or completeness of any report, document or other
information made available on its Internet website and assumes no responsibility therefor, other than with respect to such reports,
documents or other information prepared by the Certificate Administrator. In addition, the Certificate Administrator may disclaim
responsibility for any information distributed by it for which it is not the original source. Notwithstanding anything herein
to the contrary, the Certificate Administrator shall not be liable for any disclosure of information relating to any Excluded
Controlling Class Loan to the extent such information was included in the Asset Status Report or the Final Asset Status Report
delivered to the Certificate Administrator for posting to the Certificate Administrator’s Website and not properly identified
as relating to any Excluded Controlling Class Loan.

 

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In
connection with providing access to the Certificate Administrator’s Website (other than with respect to access provided
to the general public in accordance with Section 3.13(b)), the Certificate Administrator may require registration
and the acceptance of a disclaimer. The Certificate Administrator shall not be liable for the dissemination of information in
accordance herewith. Questions regarding the Certificate Administrator’s Website can be directed to the Certificate Administrator’s
CMBS customer service desk at (866) 846-4526.

 

(c)            
The 17g-5 Information Provider shall make available solely to the Depositor and the NRSROs the following items to the extent such
items are delivered to it (in the form of an electronic document suitable for posting) via electronic mail at 17g5informationprovider@wellsfargo.com,
specifically with a subject reference of “Benchmark 2019-B14” and an identification of the type of information being
provided in the body of such electronic mail; or via any alternative electronic mail address following notice to the parties hereto
or any other delivery method established or approved by the 17g-5 Information Provider if or as may be necessary or beneficial:

 

(i)            
any notices of waivers under Section 3.08(c);

 

(ii)            
any Final Asset Status Report delivered by the Special Servicer under Section 3.19(d);

 

(iii)           
any notice of final payment on the Certificates;

 

(iv)           
any environmental reports delivered by the Special Servicer under Section 3.09(e);

 

(v)            
any Appraisals delivered to the 17g-5 Information Provider pursuant to Section 3.19;

 

(vi)           
any annual statements as to compliance and related Officer’s Certificates delivered under Section 11.09 or 11.10;

 

(vii)          
any annual independent public accountants’ attestation reports delivered pursuant to Section 11.11;

 

(viii)        
any notice to the Rating Agencies relating to the Special Servicer’s determination to take action without receiving Rating
Agency Confirmation from any Rating Agency as set forth in Section 3.25(a);

 

(ix)            
copies of requests or questions that were submitted by the Rating Agencies relating to a request for Rating Agency Confirmation;

 

(x)            
any requests for Rating Agency Confirmation that are delivered to the 17g-5 Information Provider pursuant to Section 3.25(a);

 

(xi)          
any notice of resignation of the Trustee or the Certificate Administrator and any notice of the acceptance of appointment by the
successor trustee or the successor certificate administrator pursuant to Section 8.07 or Section 8.08;

 

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(xii)          
any Officer’s Certificate supporting any determination that any Advance was (or, if made, would be) a Nonrecoverable Advance;

 

(xiii)         
any notice of a Servicer Termination Event or termination of the Master Servicer or the Special Servicer delivered pursuant to
Section 7.01;

 

(xiv)         
any notice of the merger or consolidation of the Certificate Administrator or the Trustee pursuant to Section 8.09;

 

(xv)         
any notice of any amendment that modifies the procedures herein relating to Rule 17g-5 of the Exchange Act pursuant to Section 13.01(a)(ix);

 

(xvi)         
any Operating Advisor Annual Report pursuant to Section 3.26;

 

(xvii)        
any summary of oral communication with the Rating Agencies or any written question or request from the Rating Agencies directed
toward the Master Servicer, Special Servicer, Certificate Administrator or Trustee regarding any of the information delivered
to the 17g-5 Information Provider pursuant to this Section 3.13(c) or regarding any request for a Rating Agency Confirmation
or regarding any of the Mortgage Loan documents or any matter related to the Certificates, Mortgage Loans, any related Companion
Loan, the related Mortgaged Properties, the related Mortgagors or any other matters related to this Agreement or any applicable
Intercreditor Agreement; provided that the summary of such oral communication shall not identify the Rating Agency with
whom the communication was held pursuant to Section 3.13(g);

 

(xviii)          any other information delivered to the 17g-5 Information Provider pursuant to this Agreement including, without limitation, Section 2.03(b),
Section 3.07, Section 3.07(a), Section 3.12, Section 3.17(c), Section 3.18(e),
Section 11.09 or Section 11.10; and

 

(xix)            
any other information delivered to the Rating Agencies pursuant to this Agreement including, without limitation, Section 13.10.

 

The
foregoing information shall be made available by the 17g-5 Information Provider on the 17g-5 Information Provider’s Website.
Information will be posted on the same Business Day of receipt provided that such information is received by 2:00 p.m.,
New York City time, or, if received after 2:00 p.m., New York City time, on the next Business Day by 12:00 p.m. New York
City time; provided, however, any information delivered pursuant to Section 3.13(d) shall be posted
in accordance with Section 3.13(d). The 17g-5 Information Provider shall have no obligation or duty to verify, confirm
or otherwise determine whether the information being delivered is accurate, complete, conforms to the transaction, or otherwise
is or is not anything other than what it purports to be. In the event that any information is delivered or posted in error, each
of the Certificate Administrator and the 17g-5 Information Provider may remove such information from the 17g-5 Information Provider’s
Website. The Certificate Administrator and the 17g-5 Information Provider have not obtained and shall not be deemed to have obtained
actual knowledge of any information merely by posting such information to the Certificate Administrator’s Website or the
17g-5 Information Provider’s Website to the extent such information was not produced by the Certificate Administrator or
the 17g-5 Information

 

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Provider, as applicable. Access shall be provided by the 17g-5 Information Provider to the NRSROs upon receipt
of an NRSRO Certification in the form of Exhibit P-2 hereto (which certification may be submitted electronically via
the 17g-5 Information Provider’s Website). If a Rating Agency requests access to the 17g-5 Information Provider’s
Website, access shall be granted by the 17g-5 Information Provider on the same Business Day, provided that such request
is made prior to 2:00 p.m., New York City time, on such Business Day, or if received after 2:00 p.m., New York City time, on the
following Business Day. Questions regarding delivery of information to the 17g-5 Information Provider may be directed to (866)
846-4526 or 17g5informationprovider@wellsfargo.com (specifically referencing “Benchmark 2019-B14” in the subject line).

 

Upon
delivery by the Depositor to the 17g-5 Information Provider of information designated by the Depositor as pre-closing information
from the Depositor’s 17g-5 Website (the “Pre-close Information”), the 17g-5 Information Provider shall
make such information available only to the Depositor and to NRSROs via the 17g-5 Information Provider’s Website pursuant
to this Section 3.13(c). Such information shall be provided to the 17g-5 Information Provider via electronic media and
delivered to the 17g-5 Information Provider as mutually agreed. The Depositor shall not be entitled to direct the 17g-5 Information
Provider to provide access to the Pre-close Information or any other information on the 17g-5 Information Provider’s Website
to any designee or third party.

 

Upon
request of the Depositor or the Rating Agencies, the 17g-5 Information Provider shall post on the 17g-5 Information Provider’s
Website any additional information requested by the Depositor or the Rating Agencies to the extent such information is delivered
to the 17g-5 Information Provider electronically in accordance with this Section 3.13. In no event shall the 17g-5
Information Provider disclose on the 17g-5 Information Provider’s Website the Rating Agency that requested such additional
information.

 

Except
as provided in Section 3.13(d) below, the Master Servicer or Special Servicer, as applicable, may, but shall not be
obligated to send such information, report, notice or document to the applicable Rating Agency so long as such information, report,
notice or document (i) was previously provided to the 17g-5 Information Provider or (ii) is simultaneously provided
to the 17g-5 Information Provider.

 

The
17g-5 Information Provider shall notify any party that delivers information to the 17g-5 Information Provider under this Agreement
that such information was received and that it has been posted. The 17g-5 Information Provider shall notify each Person that has
signed-up for access to the 17g-5 Information Provider’s Website in respect of the transaction governed by this Agreement
each time an additional document is posted to the 17g-5 Information Provider’s Website and such notice shall specifically
identify such document in the subject line or otherwise in the body of the email notice. The 17g-5 Information Provider shall
send such notice to such Person’s email address provided by and used by such Person for the purpose of accessing the 17g-5
Information Provider’s Website, including a general email address if such general email address has been provided to the
17g-5 Information Provider in connection with a completed NRSRO Certification in the form of Exhibit P-2 hereto.

 

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Any
information required to be delivered to the 17g-5 Information Provider by any party under this Agreement shall be delivered to
it via electronic mail at 17g5informationprovider@wellsfargo.com, specifically with a subject reference of “Benchmark 2019-B14”
and an identification of the type of information being provided in the body of such electronic mail, or via any alternative electronic
mail address following notice to the parties hereto or any other delivery method established or approved by the 17g-5 Information
Provider.

 

(d)           
The Master Servicer or the Special Servicer, as applicable, may, but shall not be obligated to, provide bulk information that
relates to two or more transactions to the 17g-5 Information Provider. Any such information shall be posted by the 17g-5 Information
Provider and the 17g-5 Information Provider may, but shall not be obligated to, post such information in accordance with the timeframe
provided in Section 3.13(c) above, provided, however, that if the 17g-5 Information Provider is not
able to post such information in accordance with the timeframe in Section 3.13(c), then it shall post such information
within a reasonable time.

 

(e)            
Certain information concerning the Mortgage Loans and the Certificates (including the Distribution Date Statements, CREFC®
reports and supplemental notices with respect to such Distribution Date Statements and CREFC® reports) shall
be provided by the Certificate Administrator to third parties (including Bloomberg, L.P., Trepp, LLC, Intex Solutions, Inc., MBS
Data, LLC, RealINSIGHT, BlackRock Financial Management Inc., Interactive Data Corporation, CMBS.com, Inc., Markit Group Limited,
Moody’s Analytics and Thomson Reuters Corporation) with the consent of the Depositor, and providing such information shall
not constitute a breach of this Agreement by the Certificate Administrator. Such information will be made available to such third
parties upon receipt of a certificate in the form of Exhibit P-3 hereto, which certification may be submitted electronically
via the Certificate Administrator’s Website.

 

(f)            
Each of the Master Servicer and the Special Servicer may, in accordance with such reasonable rules and procedures as it may adopt,
also deliver, produce or otherwise make available, solely with respect to the Master Servicer, through the Master Servicer’s
Internet website or, with respect to the Master Servicer or the Special Servicer, otherwise, any additional information relating
to the Mortgage Loans (other than any Non-Serviced Mortgage Loan), any related Serviced Companion Loan, the Mortgaged Properties
(other than any Non-Serviced Mortgaged Property), or the related Mortgagors, for review by the Depositor, the Underwriters and
any other Persons who deliver an Investor Certification in accordance with this Section 3.13 and the Rating Agencies
(collectively, the “Disclosure Parties”) (only to the extent such additional information is simultaneously
delivered to the 17g-5 Information Provider for posting on the 17g-5 Information Provider’s Website in accordance with the
provisions of Section 3.13(c)), in each case, except to the extent doing so is prohibited by this Agreement (including
without limitation, any prohibitions on dissemination of any confidential information, including, without limitation, any Privileged
Information), applicable law or by the related Mortgage Loan documents. Each of the Master Servicer and the Special Servicer shall
be entitled to (i) indicate the source of such information and affix thereto any disclaimer it deems appropriate in its discretion
and/or (ii) require that the recipient of such information (A) except for the Depositor and the Rating Agencies, enter
into (x) an Investor Certification, (y) a confidentiality agreement substantially in the form of Exhibit X
or (z) a “click-through” confidentiality agreement if such information is being provided through the Master Servicer’s

 

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Internet website, and (B) acknowledge that the Master Servicer or the Special Servicer may contemporaneously provide such
information to any other Disclosure Party. In addition, to the extent access to such information is provided via the Master Servicer’s
Internet website, the Master Servicer may require registration and the acceptance of a reasonable and customary disclaimer and/or
an additional or alternative agreement as to the confidential nature of such information. In connection with providing access
to or copies of the information described in this Section 3.13(f) to current or prospective Certificateholders the
form of confidentiality agreement used by the Master Servicer or the Special Servicer, as applicable, shall be: (i) in the
case of a Certificateholder, an Investor Certification executed by the requesting Person indicating that such Person is a Holder
of Certificates and will keep such information confidential (except that such Certificateholder may provide such information (x) to
its auditors, legal counsel and regulators and (y) to any other Person that holds or is contemplating the purchase of any
Certificate or interest therein (provided that such other Person confirms in writing such ownership interest or prospective
ownership interest and agrees to keep such information confidential)); and (ii) in the case of a prospective purchaser of
Certificates or interests therein or an investment advisor related thereto, an Investor Certification indicating that such Person
is a prospective purchaser of a Certificate or an interest therein or an investment advisor related thereto and is requesting
the information for use in evaluating a possible investment in Certificates and will otherwise keep such information confidential
with no further dissemination (except that such Certificateholder may provide such information to its auditors, legal counsel
and regulators). In the case of a licensed or registered investment advisor acting on behalf of a current or prospective Certificateholder,
the Investor Certification shall be executed and delivered by both the investment advisor and such current or prospective Certificateholder.

 

Neither
the Master Servicer nor the Special Servicer shall be liable for its dissemination of information in accordance with this Agreement
or by others in violation of the terms of this Agreement. Neither the Master Servicer nor the Special Servicer shall be responsible
or have any liability for the completeness or accuracy of the information delivered, produced or otherwise made available pursuant
to this Section 3.13 unless such information was produced by the Master Servicer or Special Servicer, as applicable.

 

(g)           
The Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall be permitted (but not obligated)
to orally communicate with the Rating Agencies regarding any of the Mortgage Loan documents and any other matter related to the
Mortgage Loans, the related Mortgaged Properties, the related Mortgagors or any other matters relating to this Agreement or related
Intercreditor Agreement; provided that such party summarizes the information provided to the Rating Agencies in such communication
in writing and provides the 17g-5 Information Provider with such written summary in accordance with the procedures set forth in
Section 3.13(c) the same day such communication takes place; provided, further, that the summary of
such oral communications shall not identify which Rating Agency the communication was with. The 17g-5 Information Provider shall
post such written summary on the 17g-5 Information Provider’s Website in accordance with the procedures set forth in Section 3.13(c).

 

(h)           
The Special Servicer, subject to the limitations on delivery of Privileged Communications, shall deliver to the Operating Advisor
such reports and other information produced or otherwise available to the Directing Certificateholder (other than, prior to the

 

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occurrence and continuance of a Control Termination Event, any Asset Status Reports that are not Final Asset Status Reports),
or Certificateholders generally, requested by the Operating Advisor in support of the performance of its obligations under this
Agreement in electronic format.

 

(i)             
None of the foregoing restrictions in this Section 3.13 or otherwise in this Agreement shall prohibit or restrict
oral or written communications, or providing information, between the Master Servicer, the Operating Advisor, the Asset Representations
Reviewer or the Special Servicer, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such
Rating Agency’s or NRSRO’s review of the ratings it assigns to the Master Servicer, the Operating Advisor, the Asset
Representations Reviewer or the Special Servicer, as applicable, (ii) such Rating Agency’s or NRSRO’s approval
of the Master Servicer, the Operating Advisor, the Asset Representations Reviewer or the Special Servicer, as applicable, as a
commercial mortgage master, special or primary servicer, or (iii) such Rating Agency’s or NRSRO’s evaluation
of the Master Servicer’s, the Operating Advisor, the Asset Representations Reviewer’s or the Special Servicer’s,
as applicable, servicing operations in general; provided that the Master Servicer, the Operating Advisor, the Asset Representations
Reviewer or the Special Servicer, as applicable, shall not provide any information relating to the Certificates or the Mortgage
Loans or Trust Subordinate Companion Loan, to any Rating Agency or NRSRO in connection with such review and evaluation by such
Rating Agency or NRSRO unless (x) Mortgagor, property and other deal specific identifiers are redacted; (y) such information
has already been provided to the 17g-5 Information Provider and has been uploaded on to the 17g-5 Information Provider’s
Website; or (z) the Rating Agency confirms in writing that it does not intend to use such information in undertaking credit
rating surveillance with respect to the Certificates; provided, however, that the Rating Agencies may use information
delivered under this clause (z) for any purpose to the extent it is publicly available (unless the availability results
from a breach of this Agreement or any other confidentiality agreement to which such Rating Agency is subject) or comprised of
information collected by the applicable Rating Agency from the 17g-5 Information Provider’s Website (or another 17g-5 information
provider’s website that they have access to) other than pursuant to this Section 3.13(i).

 

(j)             
The costs and expenses of compliance with this Section 3.13 by the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, the Operating Advisor, the Asset Representations Reviewer and any other party hereto
shall not be additional expenses of the Trust, but shall be borne by the applicable party hereto.

 

Section 3.14      
Title to REO Property; REO Account. (a)  If title to any Mortgaged Property is acquired (directly or through
a single member limited liability company established for that purpose) and thus such Mortgaged Property becomes an REO Property,
the deed or certificate of sale shall be issued in the name of the Trust where permitted by applicable law or regulation and consistent
with customary servicing procedures, and otherwise, in the name of the Trustee or its nominee on behalf of the Certificateholders
and, if applicable, on behalf of the related Companion Holders, in the case of a Serviced Companion Loan. REO Property with respect
to a Non-Serviced Mortgage Loan is excluded for all purposes of this Section 3.14. The Special Servicer, on behalf
of the Trust and, if applicable, the related Serviced Companion Noteholder, shall sell any REO Property prior to the close of
the third calendar year following the year in which the Trust acquires ownership of such REO Property, within the

 

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meaning of Treasury
Regulations Section 1.856-6(b)(1), for purposes of Section 860G(a)(8) of the Code, unless the Special Servicer either
(i) applies for a qualifying extension of time no later than sixty (60) days prior to the close of the third calendar year
in which it acquired ownership (or the period provided in the then applicable REMIC Provisions) and such extension is granted
or is not denied (an “REO Extension”) by the Internal Revenue Service to sell such REO Property or (ii) obtains
for the Trustee, the Certificate Administrator and the Master Servicer an Opinion of Counsel, addressed to the Trustee, the Certificate
Administrator and the Master Servicer, to the effect that the holding by the Trust of such REO Property subsequent to the close
of the third calendar year following the year in which acquisition occurred will not cause an Adverse REMIC Event to occur. If
the Special Servicer is granted or not denied the REO Extension contemplated by clause (i) of the immediately preceding
sentence or obtains the Opinion of Counsel contemplated by clause (ii) of the immediately preceding sentence, the
Special Servicer shall sell such REO Property within such longer period as is permitted by such REO Extension or such Opinion
of Counsel, as the case may be. Any expense incurred by the Special Servicer in connection with its being granted the REO Extension
contemplated by clause (i) of the second preceding sentence or its obtaining the Opinion of Counsel contemplated by
clause (ii) of the second preceding sentence, shall be an expense of the Trust payable out of the Collection Account
pursuant to Section 3.05(a).

 

(b)           
The Special Servicer shall segregate and hold all funds collected and received in connection with any REO Property separate and
apart from its own funds and general assets. If an REO Acquisition shall occur, the Special Servicer shall establish and maintain
one or more REO Accounts, held on behalf of the Trustee for the benefit of the Certificateholders and, if applicable, on behalf
of any related Companion Holder(s), as applicable, as their interest shall appear, and the Trustee (as holder of the Lower-Tier
Regular Interests), for the retention of revenues and other proceeds derived from each REO Property. The REO Account shall be
an Eligible Account. The Special Servicer shall deposit, or cause to be deposited, in the REO Account, within two (2) Business
Days after receipt of properly identified and available funds, all REO Revenues, Insurance and Condemnation Proceeds and Liquidation
Proceeds received in respect of an REO Property. Funds in the REO Account may be invested in Permitted Investments in accordance
with Section 3.05(j). The Special Servicer shall give notice to the Trustee, the Certificate Administrator, and the Master
Servicer of the location of the REO Account when first established and of the new location of the REO Account prior to any change
thereof.

 

(c)            
The Special Servicer shall withdraw from the REO Account funds necessary for the proper operation, management, insuring, leasing,
maintenance and disposition of any REO Property, but only to the extent of amounts on deposit in the REO Account relating to such
REO Property. On the later of the date that is (x) on or prior to the Determination Date (or with respect to a Serviced Companion
Loan, on the Business Day preceding each Serviced Whole Loan Remittance Date) or (y) two (2) Business Days after such amounts
are received and properly identified and determined to be available, the Special Servicer shall withdraw from the REO Account
and remit to the Master Servicer, which shall deposit into the Collection Account (or the Companion Distribution Account, as applicable),
the aggregate of all amounts received in respect of each REO Property during the most recently ended Collection Period, net of
(i) any withdrawals made out of such amounts pursuant to the preceding sentence and (ii) Net Investment Earnings on
amounts on deposit in the REO Account; provided, however, that the

 

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Special Servicer may retain in such REO Account,
in accordance with the Servicing Standard, such portion of such balance as may be necessary to maintain a reasonable reserve for
repairs, replacements, leasing, management and tenant improvements and other related expenses for the related REO Property. In
addition, on or prior to the day the Special Servicer remits funds as provided in this Section 3.14(c), the Special
Servicer shall provide the Master Servicer with a written accounting of amounts remitted to the Master Servicer for deposit in
the Collection Account, as applicable, on such date. The Master Servicer shall apply all such amounts as instructed by the Special
Servicer on the day the Master Servicer receives the written accounting as provided in the previous sentence.

 

(d)           
The Special Servicer shall keep and maintain separate records, on a property-by-property basis, for the purpose of accounting
for all deposits to, and withdrawals from, the REO Account pursuant to Section 3.14(b) or Section 3.14(c).

 

(e)            
With respect to the Trust Subordinate Companion Loan, references to actions being taken for the benefit of the Trust Subordinate
Companion Loan in this Section 3.14 shall be deemed to be taken also for the benefit of the Holders of the Loan-Specific
Certificates, as beneficial owners of the Trust Subordinate Companion Loan.

 

Section 3.15      
Management of REO Property. (a)  If title to any REO Property is acquired, the Special Servicer shall manage,
consent, protect, operate and lease such REO Property (other than any Non-Serviced Mortgaged Property) for the benefit of the
Certificateholders and the related Companion Holders, and the Trustee (as holder of the Lower-Tier Regular Interests and the Trust
Subordinate Companion Loan REMIC Regular Interests) solely for the purpose of its timely disposition and sale in a manner that
does not cause such REO Property to fail to qualify as “foreclosure property” within the meaning of Section 860G(a)(8)
of the Code or result in the receipt by the Trust or any Serviced Companion Noteholder of any “income from non-permitted
assets” within the meaning of Section 860F(a)(2)(B) of the Code or result in an Adverse REMIC Event. Subject to the
foregoing, however, the Special Servicer shall have full power and authority to do any and all things in connection therewith
as are in the best interests of and for the benefit of the Certificateholders (and, in the case of each Serviced Whole Loan, the
related Companion Holder(s)) and the Trustee (as holder of the Lower-Tier Regular Interests and the Trust Subordinate Companion
Loan REMIC Regular Interests) all as a collective whole (taking into account the subordinate or pari passu nature of any
Companion Loans, as applicable) (as determined by the Special Servicer in its reasonable judgment in accordance with the Servicing
Standard). Notwithstanding anything to the contrary herein, REO Property with respect to a Non-Serviced Mortgage Loan is excluded
for all purposes of this Section 3.15. Subject to this Section 3.15, the Special Servicer may allow the
Trust or any commercial mortgage securitization that holds any Serviced Companion Loan to earn “net income from foreclosure
property” within the meaning of Section 860G(d) of the Code if it determines that earning such income is in the best
interests of Certificateholders and, if applicable, any related Companion Holder(s) on a net after-tax basis as compared with
net leasing such REO Property or operating such REO Property on a different basis. In connection therewith, the Special Servicer
shall deposit or cause to be deposited on a daily basis (and in no event later than two (2) Business Days following receipt of
such properly identified and available funds) in the applicable REO Account all revenues received by it with respect to each REO
Property and the related REO

 

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Loan, and shall withdraw from the REO Account, to the extent of amounts on deposit therein with respect
to such REO Property, funds necessary for the proper operation, management, leasing and maintenance of such REO Property, including,
without limitation:

 

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

 

(ii)            
all real estate taxes and assessments in respect of such REO Property that may result in the imposition of a lien thereon;

 

(iii)           
any ground rents in respect of such REO Property, if applicable; and

 

(iv)          
all costs and expenses necessary to maintain and lease such REO Property.

 

To
the extent that amounts on deposit in the REO Account in respect of any REO Property are insufficient for the purposes set forth
in clauses (i) through (iv) above with respect to such REO Property, the Master Servicer (subject to receiving
notice from the Special Servicer in accordance with the procedures set forth elsewhere in this Agreement) shall advance from its
own funds such amount as is necessary for such purposes unless (as evidenced by an Officer’s Certificate delivered to the
Trustee, the Special Servicer, the Depositor, the Certificate Administrator and (in respect of any Mortgage Loan other than an
Excluded Loan or Trust Subordinate Companion Loan, and prior to the occurrence of a Consultation Termination Event) the Directing
Certificateholder) such advances would, if made, constitute Nonrecoverable Servicing Advances.

 

(b)           
Without limiting the generality of the foregoing, the Special Servicer shall not:

 

(i)            
permit the Trust to enter into, renew or extend any New Lease with respect to any REO Property, if the New Lease by its terms
will give rise to any income that does not constitute Rents from Real Property;

 

(ii)            
permit any amount to be received or accrued under any New Lease other than amounts that will constitute Rents from Real Property;

 

(iii)          
authorize or permit any construction on any REO Property, other than the completion of a building or other improvement thereon,
and then only if more than 10% of the construction of such building or other improvement was completed before default on the related
Mortgage Loan or Trust Subordinate Companion Loan, became imminent, all within the meaning of Section 856(e)(4)(B) of the
Code; or

 

(iv)          
Directly Operate, or allow any other Person, other than an Independent Contractor, to Directly Operate, any REO Property on any
date more than ninety (90) days after its acquisition date;

 

unless,
in any such case, the Special Servicer has obtained an Opinion of Counsel (the cost of which shall be paid by the Master Servicer
as a Servicing Advance) to the effect that such action will not cause such REO Property to fail to qualify as “foreclosure
property” within the meaning

 

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of Section 860G(a)(8) of the Code at any time that it is held for the benefit of the Trust,
in which case the Special Servicer may take such actions as are specified in such Opinion of Counsel.

 

(c)            
The Special Servicer shall contract with any Independent Contractor for the operation and management of any REO Property within
ninety (90) days of the acquisition date thereof, provided that:

 

(i)             
the terms and conditions of any such contract may not be inconsistent with this Agreement and shall reflect an agreement reached
at arm’s length;

 

(ii)            
the fees of such Independent Contractor (which shall be an expense of the Trust) shall be reasonable and customary in light of
the nature and locality of the Mortgaged Property;

 

(iii)           
any such contract shall require, or shall be administered to require, that the Independent Contractor (A) pay all costs and
expenses incurred in connection with the operation and management of such REO Property, including, without limitation, those listed
in subsection (a) hereof, and (B) remit all related revenues collected (net of its fees and such costs and expenses)
to the Special Servicer upon receipt;

 

(iv)          
none of the provisions of this Section 3.15(c) relating to any such contract or to actions taken through any such
Independent Contractor shall be deemed to relieve the Special Servicer of any of its duties and obligations hereunder with respect
to the operation and management of any such REO Property; and

 

(v)            
the Special Servicer shall be obligated to manage and supervise such Independent Contractor in accordance with the Servicing Standard.

 

The
Special Servicer shall be entitled to enter into any agreement with any Independent Contractor performing services for it related
to its duties and obligations hereunder for indemnification of the Special Servicer by such Independent Contractor, and nothing
in this Agreement shall be deemed to limit or modify such indemnification.

 

(d)           
When and as necessary, the Special Servicer shall send to the Trustee, the Certificate Administrator and the Master Servicer a
statement prepared by the Special Servicer setting forth the amount of net income or net loss, as determined for federal income
tax purposes, resulting from the operation and management of a trade or business on, the furnishing or rendering of a non-customary
service to the tenants of, or the receipt of any other amount not constituting Rents from Real Property in respect of, any REO
Property in accordance with Sections 3.15(a) and 3.15(b).

 

Section 3.16       Sale
of Defaulted Loans and REO Properties. (a) (i) Within thirty (30) days after a Defaulted Loan has become a
Specially Serviced Loan, the Special Servicer shall order (but shall not be required to have received) an Appraisal and
within thirty (30) days of receipt of the Appraisal shall determine the fair value of such Defaulted Loan in accordance with
the Servicing Standard; provided, however, that if the Special Servicer is then in the process of obtaining an
Appraisal with respect to the related Mortgaged Property, the Special Servicer shall make its fair value determination as
soon as reasonably practicable (but in

 

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any event within thirty (30) days)
after its receipt of such an Appraisal. The Special Servicer may, from time to time, adjust its fair value determination based
upon changed circumstances, new information and other relevant factors, in each instance in accordance with a review of such circumstances
and new information in accordance with the Servicing Standard including, without limitation, the period and amount of the occupancy
level and physical condition of the related Mortgaged Property and the state of the local economy; provided that the Special
Servicer shall promptly notify the Master Servicer in writing of the initial fair value determination and any adjustment to its
fair value determination.

 

(ii)            
If any Mortgage Loan or Serviced Companion Loan subject to an Intercreditor Agreement is a Specially Serviced Loan or to the extent
otherwise required pursuant to the terms of the related Intercreditor Agreement, then the Special Servicer (with respect to a
Specially Serviced Loan) or the Master Servicer (with respect to a Non-Specially Serviced Loan) shall promptly notify in writing
the other, any related Companion Holder and any related mezzanine lender, as applicable, of any events requiring notice under
the Intercreditor Agreement in accordance with the terms thereof. Thereafter, any related Companion Holder and related mezzanine
lender, as applicable, shall, notwithstanding anything in this Section 3.16 to the contrary, have the option to purchase
the related Mortgage Loan and cure defaults relating thereto as and to the extent set forth in the related Intercreditor Agreement.

 

(iii)            
If any Mortgage Loan not subject to an Intercreditor Agreement becomes a Specially Serviced Loan, or if the related Companion
Holder or related mezzanine lender, as applicable, for any such Mortgage Loan subject to an Intercreditor Agreement has not previously
exercised the option to purchase the Mortgage Loan pursuant to the previous paragraph, the Special Servicer shall use reasonable
efforts to solicit offers for each Defaulted Loan on behalf of the Certificateholders and the holder of any related Serviced Companion
Loan in such manner as will be reasonably likely to maximize the value of the Defaulted Loan on a net present value basis, if
and when the Special Servicer determines, consistent with the Servicing Standard, that no satisfactory arrangements (including
by way of a discounted pay-off) can be made for collection of delinquent payments thereon and such a sale would be in the best
economic interests of the Trust and, if applicable, the related Companion Holder. In the case of the Non-Serviced Mortgage Loan,
under certain limited circumstances permitted under the related Intercreditor Agreement, to the extent that such Non-Serviced
Mortgage Loan is not sold together with the related Non-Serviced Companion Loan by the applicable Non-Serviced Special Servicer
for the related Non-Serviced Whole Loan, the Special Servicer shall be entitled to sell (with the consent of the Directing Certificateholder
if no Control Termination Event has occurred and is continuing and such Non-Serviced Mortgage Loan is not an Excluded Loan) such
Non-Serviced Mortgage Loan if it determines in accordance with the Servicing Standard that such action would be in the best interests
of the Certificateholders and the Special Servicer shall be entitled to a Liquidation Fee to the same extent that the Special
Servicer would be entitled to such Liquidation Fee had such Non-Serviced Mortgage Loan been a Serviced Mortgage Loan. The Special
Servicer is required to give the Trustee, the Certificate Administrator, the Master Servicer, the Operating Advisor and (other
than in respect of any Excluded Loan) the Directing Certificateholder not less than ten (10) Business Days’ (or, if
the Directing

 

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Certificateholder and the Special Servicer are affiliates, five (5) Business Days’) prior written notice of
its intention to sell any Defaulted Loan. In the absence of a cash offer at least equal to the Purchase Price, the Special Servicer
may purchase the Defaulted Loan for the Purchase Price (provided that it gives at least ten (10) Business Days’
(or, if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business Days’) prior written
notice of its intention to purchase such Defaulted Loan to the Directing Certificateholder and there is no higher offer within
such time) or may accept the first cash offer received from any Person that constitutes a fair price for the Defaulted Loan.

 

(iv)            
(A)  In the case of a Defaulted Loan, in the absence of any offer at least equal to the Purchase Price pursuant to clause (iii)
above (or purchase by the Special Servicer for such price), the Special Servicer shall solicit offers and, subject to subclause (B)
below, may accept the highest offer received from any Person that is determined by the Special Servicer to constitute a fair
price for such Defaulted Loan, if the offeror is a Person other than an Interested Person. In determining whether any cash offer
from a Person other than an Interested Person constitutes a fair price for any Defaulted Loan, the Special Servicer shall take
into account (in addition to the results of any Appraisal, updated Appraisal or narrative appraisal that it may have obtained
pursuant to this Agreement within the prior 9 months), among other factors, the period and amount of the occupancy level
and physical condition of the related Mortgaged Property and the state of the local economy. If the offeror is an Interested Person
(provided that the Trustee may not be an offeror), the Trustee shall determine whether the cash offer constitutes a fair
price; provided that no offer from an Interested Person shall constitute a fair price unless (x) it is the highest
offer received and (y) if the offer is less than the applicable Purchase Price, at least two other offers are received from
independent third parties. In determining whether any offer received from an Interested Person represents a fair price for any
such Defaulted Loan, the Trustee shall rely on the most recent Appraisal (or update of such Appraisal) of the related Mortgaged
Property conducted in accordance with this Agreement within the preceding nine-month period or, in the absence of any such Appraisal,
on a new Appraisal. Except as provided in the following paragraph, the cost of any Appraisal will be covered by, and will be reimbursable
as, a Servicing Advance by the Master Servicer.

 

Notwithstanding
anything contained in the preceding paragraph to the contrary, if the Trustee is required to determine whether a cash offer by
an Interested Person constitutes a fair price, the Trustee may (at its option and at the expense of the Interested Person) designate
an independent third party expert in real estate or commercial mortgage loan matters with at least five (5) years’ experience
in valuing loans similar to the subject Mortgage Loan or Serviced Whole Loan or Trust Subordinate Companion Loan, that has been
selected with reasonable care by the Trustee to determine if such cash offer constitutes a fair price for such Mortgage Loan or
Serviced Whole Loan or Trust Subordinate Companion Loan. If the Trustee designates such a third party to make such determination,
the Trustee shall be entitled to rely conclusively upon such third party’s determination. The reasonable fees of, and the
costs of all appraisals, inspection reports and broker opinions of value incurred by any such third party

 

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shall be covered by,
and shall be reimbursable by, the Interested Person; provided that the Trustee will not engage a third party expert whose
fees exceed a commercially reasonable amount as determined by the Trustee. The Special Servicer shall use efforts consistent with
the Servicing Standard to collect payment from such Interested Person. If such expense is not paid by the applicable Interested
Person within thirty (30) days of demand for payment, such expense shall be reimbursable to the Trustee by the Master Servicer
as a Servicing Advance but the Special Servicer shall continue to use efforts consistent with the Servicing Standard to collect
such amounts from the applicable Interested Person. Neither the Trustee, in its individual capacity, nor any of its Affiliates
may make an offer for or purchase any Specially Serviced Loan.

 

(B)          
The Special Servicer will not be obligated to accept the highest offer if the Special Servicer determines (with respect to any
Mortgage Loan or Trust Subordinate Companion Loan other than an Excluded Loan, in consultation with the Directing Certificateholder
(unless a Consultation Termination Event shall have occurred and be continuing) and, in the case of a Serviced Whole Loan or an
REO Property related to a Serviced Whole Loan, the related Companion Holder), in accordance with the Servicing Standard (and subject
to the requirements of any related Intercreditor Agreement), that the rejection of such offer would be in the best interests of
the Holders of Certificates (including the holders of the Loan-Specific Certificates taking into account the subordinate nature
of the Loan-Specific Certificates) and, in the case of a sale of a Serviced Whole Loan or an REO Property related to a Serviced
Whole Loan, the related Companion Holder (as a collective whole, as if such Certificateholders and, if applicable, the related
Companion Holder constituted a single lender (taking into account the subordinate or pari passu nature of such Companion
Loan, as the case may be)). In addition, the Special Servicer may accept a lower offer from any Person other than the Special
Servicer or its Affiliate if it determines, in accordance with the Servicing Standard, that the acceptance of such offer would
be in the best interests of the Holders of Certificates (including the holders of the Loan-Specific Certificates taking into account
the subordinate nature of the Loan-Specific Certificates) and, in the case of a sale of a Serviced Whole Loan or an REO Property
related to a Serviced Whole Loan, the related Companion Holder (as a collective whole, as if such Certificateholders and, if applicable,
the related Companion Holder constituted a single lender (taking into account the subordinate or pari passu nature of such
Companion Loan, as the case may be)) (for example, if the prospective buyer making the lower offer is more likely to perform its
obligations, or the terms offered by the prospective buyer making the lower offer are more favorable); provided that the
offeror is not the Special Servicer or a Person that is an Affiliate of the Special Servicer. The Special Servicer shall use reasonable
efforts to sell all Defaulted Loans prior to the Rated Final Distribution Date. For the avoidance of doubt, the Trustee shall
have no obligation to make any fair value determination, to the extent required to do so pursuant to this Section 3.16,
on the basis of anything other than the related Appraisal.

 

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(v)            
Unless and until any Specially Serviced Loan is sold pursuant to this Section 3.16(a), the Special Servicer shall
pursue such other resolution strategies with respect to such Specially Serviced Loan, including, without limitation, workout and
foreclosure, as the Special Servicer may deem appropriate, consistent with the Asset Status Report and the Servicing Standard
and the REMIC Provisions.

 

(b)           
(i)  (A)  The Special Servicer may purchase any REO Property at the Purchase Price therefor (in the case of
a Serviced Whole Loan, such purchase shall be a purchase of the entire REO Property, including the portion relating to the related
Companion Loan). The Special Servicer may also offer to sell to any Person any REO Property (in the case of a Serviced Whole Loan,
such sale shall be a sale of the entire REO Property, including the portion relating to the related Companion Loan), if and when
the Special Servicer determines, consistent with the Servicing Standard, that such a sale would be in the best economic interest
of the Trust and the related Companion Holders. The Special Servicer shall give the Trustee, the Master Servicer, each Companion
Holder, the Risk Retention Consultation Parties, the Certificate Administrator and, in respect of any Mortgage Loan other than
an Excluded Loan and prior to the occurrence of a Consultation Termination Event, the Directing Certificateholder, not less than
five (5) days’ prior written notice of the Purchase Price and its intention to (i) purchase any REO Property at the
Purchase Price therefor or (ii) sell any REO Property, in which case the Special Servicer shall accept the highest offer
received from any Person for any REO Property in an amount at least equal to the Purchase Price therefor. To the extent permitted
by applicable law, and subject to the Servicing Standard, the Master Servicer, an Affiliate of the Master Servicer, the Special
Servicer or an Affiliate of the Special Servicer, or an employee of either of them may act as broker in connection with the sale
of any REO Property and may retain from the proceeds of such sale a brokerage commission that does not exceed the commission that
would have been earned by an independent broker pursuant to a brokerage agreement entered into at arm’s length.

 

(B)          
In the absence of any such offer as set forth in subclause (A) above, the Special Servicer shall, subject to subclause (C)
below, accept the highest offer for such REO Property received from any Person that is determined to be a fair price (1) by
the Special Servicer, if the highest offeror is a Person other than an Interested Person, or (2) by the Trustee, if the highest
offeror is an Interested Person unless such offer by an Interested Person (i) is equal to or greater than the applicable
Purchase Price and (ii) is the highest offer received; provided, however, that absent an offer at least equal
to the Purchase Price, no offer from an Interested Person shall constitute a fair price unless (A) it is the highest offer
received and (B) at least two other offers are received from independent third parties. Notwithstanding anything to the contrary
herein, neither the Trustee, in its individual capacity, nor any of its Affiliates may make an offer for or purchase any REO Property
pursuant hereto.

 

(C)          
The Special Servicer shall not be obligated by either of the foregoing paragraphs or otherwise to accept the highest offer if
the Special Servicer determines, in accordance with the Servicing Standard, that rejection of such offer would be in the best
interests of the Certificateholders and, with respect to any Serviced Whole Loan, the related Companion Holder, in either case,
as a collective whole (taking into account the subordinate or pari passu nature of any

 

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Serviced Companion Loans). In addition,
the Special Servicer may accept a lower offer if it determines, in accordance with the Servicing Standard, that acceptance of
such offer would be in the best interests of the Certificateholders and, with respect to any Serviced Whole Loan, the related
Companion Holder, in either case, as a collective whole (taking into account the subordinate or pari passu nature of any
Serviced Companion Loans) (for example, if the prospective buyer making the lower offer is more likely to perform its obligations,
or the terms offered by the prospective buyer making the lower offer are more favorable); provided that the offeror is
not the Special Servicer or a Person that is an Affiliate of the Special Servicer.

 

(D)          
In determining whether any offer received from an Interested Person represents a fair price for any REO Property, the Trustee
shall obtain and may conclusively rely on the opinion of an Independent appraiser or other Independent expert in real estate matters
retained by the Trustee in connection with making such determination. The reasonable cost of such Independent appraiser or other
Independent expert shall be an expense of the offering Interested Person purchaser. The reasonable fees and costs of all appraisals,
inspection reports and broker opinions of value incurred by any such third party shall be covered by, and shall be reimbursable,
from the offering Interested Person and the Special Servicer shall use efforts consistent with the Servicing Standard to collect
payment from such Interested Person. If such expense is not paid by the applicable Interested Person within thirty (30) days of
demand for payment, such expense shall be reimbursable to the Trustee by the Master Servicer as a Servicing Advance but the Special
Servicer shall continue to use efforts consistent with the Servicing Standard to collect such amounts from the applicable Interested
Person. In determining whether any offer constitutes a fair price for any REO Property, the Special Servicer or the Trustee (or,
if applicable, such appraiser) shall take into account, and any appraiser or other expert in real estate matters shall be instructed
to take into account, as applicable, among other factors, the physical condition of such REO Property, the state of the local
economy and the Trust’s obligation to comply with REMIC Provisions.

 

(ii)            
Subject to the Servicing Standard, the Special Servicer shall act on behalf of the Trust and the related Companion Holders, in
negotiating and taking any other action necessary or appropriate in connection with the sale of any REO Property, including the
collection of all amounts payable in connection therewith. A sale of any REO Property shall be without recourse to, or representation
or warranty by, the Trustee, the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating
Advisor or the Trust (except that any contract of sale and assignment and conveyance documents may contain customary warranties
of title, so long as the only recourse for breach thereof is to the Trust) and, if consummated in accordance with the terms of
this Agreement, none of the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator, the Operating
Advisor nor the Trustee shall have any liability to the Trust or any Certificateholder or related Companion Holder (if applicable)
with respect to the purchase price therefor accepted by the Special Servicer or the Trustee.

 

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(c)            
Any sale of a Defaulted Loan or any REO Property shall be for cash only (unless changes in the REMIC Provisions or authoritative
interpretations thereof made or issued subsequent to the Startup Day allow a sale for other consideration).

 

(d)           
With respect to each Serviced Pari Passu Whole Loan and the 225 Bush Whole Loan, pursuant to the terms of the related Intercreditor
Agreement and this Agreement, if the related Serviced Pari Passu Whole Loan becomes a Defaulted Loan, and if the Special Servicer
determines to sell the related Mortgage Loan that has become a Defaulted Loan in accordance with this Section 3.16,
then the Special Servicer shall sell the related Serviced Pari Passu Companion Loan and, in the case of the 225 Bush Whole Loan,
the related Trust Subordinate Companion Loan, together with such Mortgage Loan as one whole loan and shall require that all offers
be submitted to the Special Servicer in writing. With respect to the Serviced AB Whole Loan, to the extent not prohibited by the
related Intercreditor Agreement, the Special Servicer shall sell the Serviced AB Subordinate Companion Loan along with the related
Mortgage Loan and any related Pari Passu Companion Loans if it determines that a sale of the Serviced AB Whole Loan would maximize
recoveries on the Serviced AB Whole Loan in accordance with the Servicing Standard and the Special Servicer shall be entitled
to a Liquidation Fee for the entire AB Whole Loan. In addition, prior to the occurrence and continuance of a Control Appraisal
Period with respect to any Serviced AB Whole Loan, the Special Servicer shall only sell such Serviced AB Whole Loan for less than
the Purchase Price with the consent of the holder of the related Serviced AB Subordinate Companion Loan. To the extent a determination
is required to be made hereunder as to whether any cash offer constitutes a fair price for the Serviced Whole Loan, such determination
shall be made by the Special Servicer unless the offeror is an Interested Person and by the Trustee if the offeror is an Interested
Person. Notwithstanding the foregoing, the Special Servicer will not be permitted to sell the related Mortgage Loan together with
the related Serviced Pari Passu Companion Loan(s) if it becomes a defaulted Whole Loan without the written consent of the holder
of the related Serviced Pari Passu Companion Loan (provided that such consent is not required if the holder of the Serviced
Pari Passu Companion Loan is the Mortgagor or an Affiliate of the Mortgagor) unless the Special Servicer has delivered to the
Other Servicer under the applicable Other Securitization, who shall deliver to the related directing certificateholder for the
holder of the related Serviced Pari Passu Companion Loan: (a) at least fifteen (15) Business Days prior written notice of any
decision to attempt to sell such Serviced Whole Loan; (b) at least ten (10) days prior to the permitted sale date, a copy
of each bid package (together with any material amendments to such bid packages) received by the Special Servicer in connection
with any such proposed sale; (c) at least ten (10) days prior to the proposed sale date, a copy of the most recent appraisal
for such Serviced Pari Passu Whole Loan, and any documents in the servicing file reasonably requested by the holder of the related
Serviced Pari Passu Companion Loan that are material to the sale price of such Serviced Pari Passu Whole Loan; and (d) until
the sale is completed, and a reasonable period of time (but no less time than is afforded to other offerors and the Directing
Certificateholder) prior to the proposed sale date, all information and other documents being provided to other offerors and all
leases or other documents that are approved by the Master Servicer or the Special Servicer in connection with the proposed sale.
The holder of the related Serviced Pari Passu Companion Loan (or its representative) will be permitted to submit an offer at any
sale of such Serviced Whole Loan; provided, however, the related Mortgagor and its agents and Affiliates shall not
be permitted to submit an offer at such sale. Notwithstanding the foregoing, with respect to each Serviced Pari Passu Whole Loan,
the holder

 

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of the related Companion Loan may waive any of the delivery or timing requirements set forth in this paragraph with
respect to the related Serviced Whole Loan. If the Trustee is required to determine whether a cash offer by an Interested Person
constitutes a fair price, the Trustee may (at its option and at the expense of the offering Interested Person purchaser) designate
an independent third party expert in real estate or commercial mortgage loan matters with at least five (5) years’ experience
in valuing loans similar to the subject Mortgage Loan or Serviced Whole Loan, as the case may be, that has been selected with
reasonable care by the Trustee to determine if such cash offer constitutes a fair price for such Mortgage Loan or Serviced Whole
Loan. If the Trustee designates such a third party to make such determination, the Trustee shall be entitled to rely conclusively
upon such third party’s determination. The reasonable fees of, and the costs of all appraisals, inspection reports and broker
opinions of value incurred by any such third party pursuant to this paragraph shall be covered by, and shall be reimbursable,
from the Interested Person; provided that Trustee will not engage a third party expert whose fees exceed a commercially
reasonable amount as determined by the Trustee.

 

(e)            
(i)  Notwithstanding anything in this Section 3.16 to the contrary, pursuant to the terms of the related
Intercreditor Agreement, the holder of the related AB Subordinate Companion Loan for each applicable Serviced Whole Loan (other
than the 225 Bush Whole Loan) will have the right to purchase the related Mortgage Loan or related REO Property, as applicable.
Such right of the holder of such AB Subordinate Companion Loan shall be given priority over any provision described in this Section 3.16
as and to the extent set forth in the related Intercreditor Agreement. If the related Mortgage Loan or related REO Property
is purchased by the holder of such AB Subordinate Companion Loan, repurchased by the applicable Mortgage Loan Seller or otherwise
ceases to be subject to this Agreement, the related AB Subordinate Companion Loan will no longer be subject to this Agreement.

 

(ii)            
Notwithstanding anything in this Section 3.16 to the contrary, any mezzanine lender will have the right to purchase
the related Mortgage Loan or REO Property, as applicable, and cure defaults relating thereto, as and to the extent set forth in
the related Intercreditor Agreement.

 

(f)            
Unless otherwise provided in an Intercreditor Agreement the sale of any Mortgage Loan pursuant to this Section 3.16 will
be on a servicing released basis.

 

(g)           
In the event the Master Servicer or the Special Servicer has the right to purchase any Companion Loan on behalf of the Trust pursuant
to the related Intercreditor Agreement, neither the Master Servicer nor the Special Servicer shall exercise such right.

 

Section 3.17      
Additional Obligations of Master Servicer and Special Servicer. (a)  The Master Servicer shall deliver all Compensating
Interest Payments (other than the portion of any Compensating Interest Payment allocated to a Serviced Pari Passu Companion Loan
or Trust Subordinate Companion Loan) to the Certificate Administrator for deposit in the Lower-Tier REMIC Distribution Account
on each Master Servicer Remittance Date, without any right of reimbursement therefor. The Master Servicer shall deliver the portion
of any Compensating Interest Payment allocated to a Serviced Pari Passu Companion Loan or Trust Subordinate Companion Loan to
the Companion Paying Agent for deposit in the Companion Distribution Account on each Master Servicer Remittance Date, without
any right of 

 

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reimbursement therefor. The Master Servicer shall deliver the portion of any Compensating Interest Payment allocated
to the Trust Subordinate Companion Loan to the Certificate Administrator for deposit in the Trust Subordinate Companion Loan REMIC
Distribution Account on each Master Servicer Remittance Date, without any right of reimbursement therefor.

 

(b)           
The Master Servicer or the Special Servicer, as applicable, shall provide to each Companion Holder any reports or notices required
to be delivered to such Companion Holder pursuant to the related Intercreditor Agreement and the Master Servicer or Special Servicer,
as applicable, shall provide to the 225 Bush Loan-Specific Directing Certificateholder any reports or notices required to be delivered
to the holder of a Trust Subordinate Companion Loan pursuant to the related Intercreditor Agreement.

 

(c)            
Upon the determination that a previously made Advance is a Nonrecoverable Advance, to the extent that the reimbursement thereof
would exceed the full amount of the principal portion of general collections on the Mortgage Loans and with respect to P&I
Advances on a Trust Subordinate Companion Loan, would exceed the full amount of the principal portion of general collections allocated
to the Trust Subordinate Companion Loan and the related Mortgage Loan, deposited in the Collection Account and available for distribution
on the next Distribution Date, the Master Servicer, the Special Servicer or the Trustee, each at its own option and in its sole
discretion, as applicable, instead of obtaining reimbursement for the remaining amount of such Nonrecoverable Advance pursuant
to Section 3.05(a)(v) immediately, as an accommodation may elect to refrain from obtaining such reimbursement for
such portion of the Nonrecoverable Advance during the one month collection period ending on the then-current Determination Date,
for successive one-month periods for a total period not to exceed twelve (12) months (provided that, with respect to any
Mortgage Loan other than an Excluded Loan, any such deferral exceeding six (6) months shall require, prior to the occurrence and
continuance of any Control Termination Event, the consent of the Directing Certificateholder), and any election to so defer or
not to defer shall be deemed to be in accordance with the Servicing Standard. If the Master Servicer, the Special Servicer or
the Trustee makes such an election at its sole option and in its sole discretion to defer reimbursement with respect to all or
a portion of a Nonrecoverable Advance (together with interest thereon), then such Nonrecoverable Advance (together with interest
thereon) or portion thereof shall continue to be fully reimbursable in the subsequent collection period (subject, again, to the
same sole option to defer; it is acknowledged that, in such a subsequent period, such Nonrecoverable Advance shall again be payable
first from principal collections as described above prior to payment from other collections). In connection with a potential
election by the Master Servicer, the Special Servicer or the Trustee to refrain from the reimbursement of a particular Nonrecoverable
Advance or portion thereof during the one month collection period ending on the related Determination Date for any Distribution
Date, the Master Servicer, the Special Servicer or the Trustee shall further be authorized to wait for principal collections on
the Mortgage Loans or the Trust Subordinate Companion Loan, as applicable to be received until the end of such collection period
before making its determination of whether to refrain from the reimbursement of a particular Nonrecoverable Advance or portion
thereof); provided, however, that if, at any time the Master Servicer, the Special Servicer or the Trustee, as applicable,
elects, in its sole discretion, not to refrain from obtaining such reimbursement or otherwise determines that the reimbursement
of a Nonrecoverable Advance during a one-month collection period will exceed the full amount of the principal portion of general
collections deposited in the Collection Account for such Distribution Date, then the

 

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 Master Servicer, the Special Servicer or
the Trustee, as applicable, shall use its reasonable efforts to give the 17g-5 Information Provider fifteen (15) days’ notice
of such determination for posting on the 17g-5 Information Provider’s Website pursuant to Section 3.13(c), unless
extraordinary circumstances make such notice impractical, and thereafter shall deliver such notice to the 17g-5 Information Provider
as soon as practical thereafter. Notwithstanding the foregoing, failure to give notice as required by the preceding sentence shall
in no way affect the Master Servicer’s, the Special Servicer’s or the Trustee’s election whether to refrain
from obtaining such reimbursement as described in this Section 3.17(c). Nothing herein shall give the Master Servicer
or the Trustee the right to defer reimbursement of a Nonrecoverable Advance to the extent of any principal collections then available
in the Collection Account pursuant to Section 3.05(a)(v).

 

The
foregoing shall not, however, be construed to limit any liability that may otherwise be imposed on such Person for any failure
by such Person to comply with the conditions to making such an election under this section or to comply with the terms of this
section and the other provisions of this Agreement that apply once such an election, if any, has been made; provided, however,
that the fact that a decision to recover such Nonrecoverable Advances over time, or not to do so, benefits some classes of Certificateholders
to the detriment of other classes shall not, with respect to the Master Servicer or the Special Servicer, as applicable, constitute
a violation of the Servicing Standard and/or with respect to the Trustee (solely in its capacity as Trustee), constitute a violation
of any fiduciary duty to Certificateholders or any contractual obligation hereunder. If the Master Servicer, the Special Servicer
or the Trustee, as applicable, determines, in its sole discretion, that its ability to fully recover the Nonrecoverable Advances
has been compromised, then the Master Servicer or the Trustee, as applicable, shall be entitled to immediate reimbursement of
Nonrecoverable Advances with interest thereon at the Reimbursement Rate from all amounts in the Collection Account for such Distribution
Date (deemed first from principal and then interest). Any such election by any such party to refrain from reimbursing
itself or obtaining reimbursement for any Nonrecoverable Advance or portion thereof with respect to any one or more collection
periods shall not limit the accrual of interest at the Reimbursement Rate on such Nonrecoverable Advance for the period prior
to the actual reimbursement of such Nonrecoverable Advance. The Master Servicer’s, the Special Servicer’s or the Trustee’s,
as applicable, agreement to defer reimbursement of such Nonrecoverable Advances as set forth above is an accommodation to the
Certificateholders and shall not be construed as an obligation on the part of the Master Servicer, the Special Servicer or the
Trustee, as applicable, or a right of the Certificateholders. Nothing herein shall be deemed to create in the Certificateholders
a right to prior payment of distributions over the Master Servicer’s, the Special Servicer’s or the Trustee’s,
as applicable, right to reimbursement for Advances (deferred or otherwise) and accrued interest thereon. In all events, the decision
to defer reimbursement or to seek immediate reimbursement of Nonrecoverable Advances shall be deemed to be in accordance with
the Servicing Standard and none of the Master Servicer, the Special Servicer, the Trustee or the other parties to this Agreement
shall have any liability to one another or to any of the Certificateholders or any of the Companion Holders for any such election
that such party makes as contemplated by this section or for any losses, damages or other adverse economic or other effects that
may arise from such an election.

 

With
respect to any modification or amendment of any Intercreditor Agreement related to a Serviced Whole Loan (to the extent received),
the Master Servicer or the Special

 

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Servicer, as applicable, shall provide to the 17g-5 Information Provider a copy of any such
modification or amendment, which the 17g-5 Information Provider shall promptly post on the 17g-5 Information Provider’s
Website in accordance with Section 3.13(c).

 

(d)      
With respect to any Mortgage Loan (or Serviced Whole Loan), if the related loan documents permit the lender to (but do not require
the lender to), at its option, prior to an event of default under the related Mortgage Loan (or Serviced Whole Loan), apply amounts
held in any reserve account as a prepayment or hold such amounts in a reserve account, the Master Servicer or Special Servicer,
as applicable, may not apply such amounts as a prepayment, and will instead continue to hold such amounts in the applicable reserve
account, unless not applying those amounts as a prepayment would be a violation of the Servicing Standard. Such amount may be
used, if permitted under the loan documents, to defease the loan, or may be used to prepay the Mortgage Loan (or Serviced Whole
Loan), or for other purpose consistent with the Servicing Standard and the loan documents, upon a subsequent default.

 

(e)            
Within three (3) Business Days after the execution of any amendment or modification of any Intercreditor Agreement, the Master
Servicer or the Special Servicer, as applicable, shall provide to the Certificate Administrator a copy of such modification or
amendment of any such Intercreditor Agreement, and such amendment or modification shall be a Reportable Event as set forth in
Section 11.07.

 

Section 3.18      
Modifications, Waivers, Amendments and Consents. (a)  Except as set forth in Section 3.08(a), Section 3.08(b),
this Section 3.18(a), Section 3.18(c), Section 3.18(f), Section 3.18(g), Section 3.18(j) and Section 6.08,
but subject to any other conditions set forth thereunder and, with respect to any Mortgage Loan (other than any Non-Serviced Mortgage
Loan) or any Serviced Whole Loan, (and with respect to any Serviced Whole Loan, subject to the rights of the related Companion
Holder, as applicable, to advise or consult with the Special Servicer with respect to, or to consent to, a modification, waiver
or amendment, in each case, pursuant to the terms of the related Intercreditor Agreement), the Special Servicer shall not modify,
waive or amend the terms of a Mortgage Loan and/or related Companion Loan that would constitute a Major Decision without (x) (i)
prior to the occurrence of a Control Termination Event and (ii) other than with respect to any Excluded Loan, the consent (or
deemed consent) of the Directing Certificateholder (or, with respect to any Serviced AB Whole Loan, prior to the occurrence and
continuance of a related AB Control Appraisal Period, the related AB Whole Loan Controlling Holder, to the extent required under
the related Intercreditor Agreement) having been obtained by the Special Servicer to the extent required by, and pursuant to the
process described under, Section 6.08(a), (y) (i) after the occurrence and during the continuance of a Control Termination
Event and (ii) other than with respect to any Excluded Loan, but prior to the occurrence and continuance of a Consultation Termination
Event, the Special Servicer having consulted with the Directing Certificateholder if and to the extent required pursuant to Section 6.08(a)
or (z) and the Special Servicer having consulted with the Risk Retention Consultation Parties on a non-binding basis (to the
extent the Risk Retention Consultation Parties have consultation rights pursuant to Section 6.08 of this Agreement); and
provided, further, that no extension entered into pursuant to this Section 3.18(a) shall extend the Maturity Date
beyond the earlier of (i) five (5) years prior to the Rated Final Distribution Date and (ii) in the case of a Mortgage
Loan secured solely or primarily by a leasehold estate and not also the related fee interest, the date twenty (20) years or, to
the extent consistent with the

 

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Servicing Standard giving due consideration to the remaining term of the Ground Lease, ten (10)
years, prior to the expiration of such leasehold estate. If such extension would extend the Maturity Date of such Mortgage Loan
and/or related Companion Loan for more than twelve (12) months from and after the original Maturity Date of such Mortgage Loan
and/or related Companion Loan and such Mortgage Loan and/or related Companion Loan is not in default or default with respect thereto
is not reasonably foreseeable, prior to any such extension, the Special Servicer shall (1) provide the Trustee, the Certificate
Administrator, the Master Servicer, the Operating Advisor and ((i) prior to the occurrence of a Consultation Termination
Event and (ii) other than with respect to any Excluded Loan) the Directing Certificateholder, with an Opinion of Counsel
(at the expense of the related Mortgagor to the extent permitted under the Mortgage Loan documents and, if not required or permitted
to be paid by the Mortgagor, to be paid as an expense of the Trust in accordance with Section 3.11(d)) that such extension
would not constitute a “significant modification” of the Mortgage Loan and/or Serviced Companion Loan within the meaning
of Treasury Regulations Section 1.860G-2(b) and (2) subject to the Servicing Standard, ((i) prior to the occurrence
and continuance of a Control Termination Event and (ii) other than with respect to an Excluded Loan) obtain the consent of
the Directing Certificateholder (or, with respect to any Serviced AB Whole Loan, prior to the occurrence and continuance of a
related AB Control Appraisal Period, the related AB Whole Loan Controlling Holder, to the extent required under the related Intercreditor
Agreement) (or (i) after the occurrence and during the continuance of a Control Termination Event, but prior to the occurrence
and continuance of a Consultation Termination Event and (ii) other than with respect to any Excluded Loan, consult with the
Directing Certificateholder pursuant to the process described in Section 6.08(a). Notwithstanding the foregoing, subject
to the rights of the related Companion Holder to advise the Master Servicer with respect to, or consent to, such modification,
waiver or amendment pursuant to the terms of the related Intercreditor Agreement, the Master Servicer, with respect to Non-Specially
Serviced Loans, without the consent of the applicable Special Servicer or the Directing Certificateholder, may modify or amend
the terms of any Non-Specially Serviced Loan and/or related Serviced Companion Loan in order to (i) cure any ambiguity or
mistake therein or (ii) correct or supplement any provisions therein which may be inconsistent with any other provisions
therein or correct any error; provided that, if the Mortgage Loan (other than any Non-Serviced Mortgage Loan) and/or related Serviced
Companion Loan is not in default or default with respect thereto is not reasonably foreseeable, such modification or amendment
would not be a “significant modification” of the Mortgage Loan and/or related Serviced Companion Loan within the meaning
of Treasury Regulations Section 1.860G-2(b).

 

Subject
to Section 6.08, applicable law and the Mortgage Loan and/or related Serviced Companion Loan documents, neither the
Master Servicer nor the Special Servicer shall permit the substitution of any Mortgaged Property (or any portion thereof) for
one or more other parcels of real property at any time the Mortgage Loan and/or related Serviced Companion Loan is not in default
pursuant to the terms of the related Mortgage Loan and/or related Serviced Companion Loan documents or default with respect thereto
is not reasonably foreseeable unless (i) the Master Servicer or the Special Servicer, as applicable, obtains Rating Agency
Confirmation from each Rating Agency (and delivers such Rating Agency Confirmation to the Directing Certificateholder, if permitted
by the applicable Rating Agency) and a confirmation of any applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any class of Serviced Companion Loan Securities (if

 

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any)
(provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation
may be considered satisfied with respect to the Certificates pursuant to Section 3.25) and (ii) such substitution
would not be a “significant modification” of the Mortgage Loan and/or related Serviced Companion Loan within the meaning
of Treasury Regulations Section 1.860G-2(b) or otherwise cause an Adverse REMIC Event to occur (and the Master Servicer or
Special Servicer, as applicable, may obtain and rely upon an Opinion of Counsel (at the expense of the related Mortgagor if not
prohibited by the terms of the related Mortgage Loan documents, and if so prohibited, at the expense of the Trust) with respect
thereto).

 

In
connection with (i) the release of a Mortgaged Property (other than any Non-Serviced Mortgaged Property), or any portion
of such Mortgaged Property from the lien of the related Mortgage or (ii) the taking of a Mortgaged Property (other than any
Non-Serviced Mortgaged Property), or any portion of such Mortgaged Property by exercise of the power of eminent domain or condemnation,
if the related Mortgage Loan documents require the Master Servicer or the Special Servicer, as applicable, to calculate (or to
approve the calculation of the related Mortgagor of) the loan-to-value ratio of the remaining Mortgaged Property or Mortgaged
Properties or the fair market value of the real property constituting the remaining Mortgaged Property or Mortgaged Properties,
for purposes of REMIC qualification of the related Mortgage Loan, then such calculation shall, unless then permitted by the REMIC
Provisions, exclude the value of personal property and going concern value, if any, as determined by an appropriate third party.

 

If,
following any such release or taking, the loan-to-value ratio (as so calculated) is greater than 125%, the Master Servicer or
Special Servicer, as applicable, shall require payment of principal by a “qualified amount” as determined under Revenue
Procedure 2010-30 or any successor provision, unless the related Mortgagor provides an Opinion of Counsel (at the expense of the
related Mortgagor if allowed by the terms of the related Mortgage Loan documents, and if not allowed, at the expense of the Trust)
that, if such amount is not paid, the related Mortgage Loan will not fail to be a Qualified Mortgage.

 

Upon
receiving a request for any matter described in this Section 3.18(a) that constitutes a Major Decision with respect
to a Mortgage Loan that is a Non-Specially Serviced Loan, the Master Servicer shall promptly forward such request to the Special
Servicer and the Special Servicer shall process such request (including, without limitation, interfacing with the Mortgagor) and
except as provided in the next sentence, the Master Servicer shall have no further obligation with respect to such request or
the Major Decision. The Master Servicer will deliver to the Special Servicer any additional information in the Master Servicer’s
possession requested by the Special Servicer relating to such Major Decision. The Master Servicer shall not be permitted to process
any Major Decision and shall not be required to interface with the Mortgagor or provide a written recommendation and/or analysis
with respect to any Major Decision unless the Master Servicer and the Special Servicer mutually agree that the Master Servicer
will process such Major Decision with respect to a Mortgage Loan that is not a Specially Serviced Loan in accordance with terms
and conditions reasonably agreed to by the Master Servicer and the Special Servicer, including the Special Servicer’s consent
(which will be deemed given in accordance with Section 6.08).

 

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(b)           
If the Special Servicer determines that a modification, waiver or amendment (including, without limitation, the forgiveness or
deferral of interest or principal or the substitution of collateral pursuant to the terms of the Mortgage Loan (other than any
Non-Serviced Mortgage Loan) and/or related Serviced Companion Loan or otherwise, the release of collateral or the pledge of additional
collateral) of the terms of a Specially Serviced Loan (or any Non-Specially Serviced Loan with respect to which such determination
derives from the Special Servicer’s consideration of a Major Decision that is subject to its processing and/or consent rights
pursuant to Section 3.18) with respect to which a payment default or other material default has occurred or a payment default
or other material default is, in the Special Servicer’s judgment, reasonably foreseeable (as evidenced by an Officer’s
Certificate of the Special Servicer), is reasonably likely to produce a greater recovery on a net present value basis (the relevant
discounting to be performed at the related Mortgage Rate) to the Trust and, if applicable, the Companion Holders, as the holders
of the related Serviced Companion Loan, than liquidation of such Specially Serviced Loan, then the Special Servicer may agree
to a modification, waiver or amendment of such Specially Serviced Loan, subject to (x) the provisions of this Section 3.18(b)
and Section 3.18(c), (y) with respect to any Mortgage Loan other than any Excluded Loan, prior to the occurrence
and continuance of a Control Termination Event, the approval of the Directing Certificateholder (or after the occurrence and during
the continuance of a Control Termination Event, but prior to a Consultation Termination Event, upon consultation with the Directing
Certificateholder) as provided in Section 6.08; provided that with respect to any Serviced AB Whole Loan, prior
to the occurrence and continuance of the related AB Control Appraisal Period, the approval of the related AB Whole Loan Controlling
Holder will be required to the extent set forth in the related Intercreditor Agreement and the Directing Certificateholder shall
have no consent or consultation rights regarding the matter; and (z) additionally, with respect to a Serviced Whole Loan,
the rights of the related Companion Noteholder or with respect to a Mortgage Loan (other than any Non-Serviced Mortgage Loan)
with mezzanine debt, the rights of the related mezzanine lender, to advise or consult with the Special Servicer with respect to,
or consent to, such modification, waiver or amendment, in each case, pursuant to the terms of the related Intercreditor Agreement
or mezzanine intercreditor agreement, as applicable; provided that in the case of any release or substitution of collateral
(other than a defeasance), the Special Servicer shall have obtained an Opinion of Counsel that such release or substitution would
not be a “significant modification” of the Mortgage Loan within the meaning of Treasury Regulations Section 1.860G-2(b)
or otherwise cause an Adverse REMIC Event to occur. Notwithstanding anything herein to the contrary, with respect to any Excluded
Loan (regardless of whether a Control Termination Event or an Operating Advisor Consultation Event has occurred and is continuing),
the Special Servicer shall consult with the Operating Advisor, on a non-binding basis, in connection with the related transactions
involving proposed Major Decisions that it is processing or for which consent is required and consider alternative actions recommended
by the Operating Advisor, in respect thereof, in accordance with the procedures set forth in Section 6.08 for consulting
with the Operating Advisor.

 

The
Special Servicer shall use its reasonable efforts to the extent possible to cause each Specially Serviced Loan to fully amortize
prior to the Rated Final Distribution Date and shall not agree to a modification, waiver or amendment of any term of any Specially
Serviced Loan if such modification, waiver or amendment would (1) extend the maturity date of any such Specially Serviced
Loan to a date occurring later than the earlier of (a) (1) other than with respect to the 225 Bush Whole Loan, five (5) years
prior to the Rated Final Distribution Date, [or

 

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(2) solely with respect to the 225 Bush Whole Loan, November 2029 and (b) if
such Specially Serviced Loan is secured solely or primarily by a leasehold estate and not also the related fee interest, the date
occurring twenty (20) years or, to the extent consistent with the Servicing Standard giving due consideration to the remaining
term of the ground lease and, ((i) prior to the occurrence and continuance of a Control Termination Event and (ii) other
than with respect to any Excluded Loan) with the consent of the Directing Certificateholder, ten (10) years prior to the expiration
of such leasehold estate (including any options to extend such leasehold estate exercisable unilaterally by the related Mortgagor),
or (2) provide for the deferral of interest unless interest accrues on the related Mortgage Loan, or Serviced Whole Loan
generally at the related Mortgage Rate.

 

(c)            
Any provision of this Section 3.18 to the contrary notwithstanding, except when a Mortgage Loan and/or Companion Loan
is in default or default with respect thereto is reasonably foreseeable, no fee described in this Section 3.18 shall
be collected by any Master Servicer or Special Servicer from a Mortgagor (or on behalf of the Mortgagor) in conjunction with any
consent or any modification, waiver or amendment of a Mortgage Loan or Companion Loan, as applicable (unless the amount thereof
is specified in the related Mortgage Note) if the collection of such fee would cause such consent, modification, waiver or amendment
to be a “significant modification” of the Mortgage Note within the meaning of Treasury Regulations Section 1.860G-2(b).

 

To
the extent consistent with this Agreement (including, without limitation, the first sentence of Section 3.18(a), and
Section 6.08), the Master Servicer (as provided in Section 3.08(a), 3.08(b) and Section 3.18(j)
if such matter constitutes a Master Servicer Decision) or the Special Servicer (as provided in Section 3.08(a),
Section 3.08(b) and Section 3.18(a) if any such waiver, modification or amendment constitutes a Major
Decision) may, consistent with the Servicing Standard, agree to any waiver, modification or amendment of a Mortgage Loan and/or
Serviced Companion Loan that is not in default or as to which default is not reasonably foreseeable only if the contemplated waiver,
modification or amendment (i) will not be a “significant modification” of the Mortgage Loan within the meaning
of Treasury Regulations Section 1.860G-2(b) and (ii) will not cause an Adverse REMIC Event to occur. In making this
determination, the Master Servicer or Special Servicer may obtain and rely upon (and shall provide to the Trustee and the Certificate
Administrator if obtained) an Opinion of Counsel (at the expense of the related Mortgagor or such other Person requesting such
modification or, if such expense cannot be collected from the related Mortgagor or such other Person, to be paid out of the Collection
Account pursuant to Section 3.05(a); provided that the Master Servicer or Special Servicer, as the case may
be, shall use its reasonable efforts to collect such fee from the Mortgagor or such other Person to the extent permitted under
the related Mortgage Loan documents). Notwithstanding the foregoing, neither the Master Servicer nor the Special Servicer may
waive the payment of any Prepayment Premium or Yield Maintenance Charge or the requirement that any prepayment of a Mortgage Loan
or Trust Subordinate Companion Loan be made on a Due Date, or if not made on a Due Date, be accompanied by all interest that would
be due on the next Due Date with respect to any Mortgage Loan or Trust Subordinate Companion Loan, Serviced Companion Loan that
is not a Specially Serviced Loan.

 

(d)           
Subject to Section 3.18(c), the Master Servicer and the Special Servicer each may, as a condition to its granting
any request by a Mortgagor for consent, modification

 

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(including extensions), waiver or indulgence or any other matter or thing,
the granting of which is within the Master Servicer’s or the Special Servicer’s, as the case may be, discretion pursuant
to the terms of the instruments evidencing or securing the related Mortgage Loan or Companion Loan and is permitted by the terms
of this Agreement, require that such Mortgagor pay to the Master Servicer or the Special Servicer, as the case may be, as additional
servicing compensation, a reasonable or customary fee, for the additional services performed in connection with such request;
provided that the charging of such fee is not a “significant modification” of the Mortgage Loan or Trust Subordinate
Companion Loan within the meaning of Treasury Regulations Section 1.860G-2(b).

 

(e)            
All modifications (including extensions), waivers and amendments of the Mortgage Loans and/or Companion Loans entered into pursuant
to this Section 3.18 shall be in writing, signed by the Master Servicer or the Special Servicer, as the case may be,
and the related Mortgagor (and by any guarantor of the related Mortgage Loan or Trust Subordinate Companion Loan, if such guarantor’s
signature is required by the Special Servicer in accordance with the Servicing Standard).

 

With
respect to any modification, waiver or amendment for which it is responsible for processing pursuant to Section 3.18(a)
(including, for the avoidance of doubt, any property management changes), the Special Servicer shall notify the Master Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor (after the occurrence and during the continuance of an Operating
Advisor Consultation Event), the Directing Certificateholder (other than (i) following the occurrence of a Consultation Termination
Event and (ii) with respect to any Excluded Loan), the Risk Retention Consultation Parties (other than with respect to any
Excluded Loan), the applicable Companion Holder (unless, with respect to a holder of a Serviced AB Subordinate Companion Loan,
an AB Control Appraisal Period has occurred, if applicable or with respect to a holder of the Trust Subordinate Companion Loan
a 225 Bush Control Appraisal Period has occurred and is continuing), the related Mortgage Loan Seller (if such Mortgage Loan Seller
is not a Master Servicer or Sub-Servicer of such Mortgage Loan or the Directing Certificateholder) and the 17g-5 Information Provider
(which shall promptly post such notice on the 17g-5 Information Provider’s Website in accordance with Section 3.13(c))
in writing of any modification, waiver or amendment (in each case, after it is finalized and executed) of any term of any Mortgage
Loan or Companion Loan that is modified, waived or amended and the date thereof. With respect to any modification, waiver or amendment
(in each case, after it is finalized and executed) for which it is responsible for processing pursuant to Section 3.18(a)
(including, for the avoidance of doubt, any property management changes), the Master Servicer shall provide written notice
of any such modification, waiver or amendment to the Trustee, the Certificate Administrator, the Special Servicer (and the Special
Servicer shall, prior to the occurrence of a Consultation Termination Event and other than with respect to an Excluded Loan, forward
such notice to the Directing Certificateholder, unless the Directing Certificateholder notifies the Special Servicer that it does
not want to receive such notices), the applicable Companion Holder (unless, with respect to a holder of a Serviced AB Subordinate
Companion Loan, an AB Control Appraisal Period has occurred, if applicable or with respect to the 225 Bush Trust Subordinate Companion
Loan a 225 Bush Control Appraisal Period has occurred and is continuing) and the related Mortgage Loan Seller (so long as such
Mortgage Loan Seller is not a Master Servicer or Sub-Servicer of such Mortgage Loan or the Directing Certificateholder) and the
17g-5 Information Provider (which shall promptly post such notice on

 

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the 17g-5 Information Provider’s
Website in accordance with Section 3.13(c)). The party responsible for delivering notice shall deliver to the Custodian
with a copy to the Master Servicer (if such notice is being delivered by the Special Servicer) for deposit in the related Mortgage
File, an original counterpart of the agreement relating to such modification, waiver or amendment, promptly (and in any event
within ten (10) Business Days) following the execution thereof, with a copy to the applicable Companion Holder, if any. Following
receipt of the Master Servicer’s or the Special Servicer’s, as applicable, delivery of the aforesaid modification,
waiver or amendment to the Certificate Administrator, the Certificate Administrator shall forward a copy thereof to each Holder
of a Certificate (other than the Class R or Class S Certificates) upon request. With respect to the processing of any modification,
waiver or consent related to any Mortgagor incurring additional debt or mezzanine debt, the Special Servicer (if the Special Servicer
processes such modification, waiver or consent pursuant to Section 3.18(a)) or the Master Servicer (if the Master
Servicer processes such modification, waiver or consent pursuant to Section 3.18(j)) shall, on or before the later
of (i) 3:00 p.m. on the related Master Servicer Remittance Date and (ii) five (5) Business Days immediately following
the Master Servicer or Special Servicer, as applicable, obtaining actual knowledge of the incurrence of such additional debt or
mezzanine debt, deliver notice of the Mortgagor’s incurrence of such debt, substantially in the form of Exhibit KK,
to cts.sec.notifications@wellsfargo.com. The notice contemplated in the preceding sentence shall set forth, to the extent the
Special Servicer or Master Servicer, as applicable, has the requisite information or can reasonably obtain such information, (1)
the amount of additional debt that was incurred in the related Collection Period, (2) the total debt service coverage ratio calculated
on the basis of such Mortgage Loan and additional debt, and (3) the aggregate LTV Ratio calculated on the basis of such Mortgage
Loan and additional debt. In the event that either (i) the CREFC® Investor Reporting Package is amended to
include such information set forth above, in a manner reasonably acceptable to the Master Servicer, Special Servicer and Certificate
Administrator, as applicable, and the Master Servicer confirms with the Certificate Administrator that such amended CREFC®
Investor Reporting Package enables the Certificate Administrator to include such information on Form 10-D in a manner reasonably
acceptable to the Certificate Administrator, or (ii) the Trust is no longer subject to the Exchange Act, the additional report
in the form of Exhibit KK shall no longer be required hereunder. From time to time, the Master Servicer, Special Servicer
and Certificate Administrator may agree on a different delivery time and format for the information set forth in this paragraph.

 

(f)            
Subject to the consent rights and processes set forth in Section 6.08 with respect to Major Decisions, the Master
Servicer shall process all defeasances of Mortgage Loans (other than any Non-Serviced Mortgage Loan) and Serviced Companion Loans
in accordance with the terms of the related Mortgage Loan documents, and shall be entitled to any defeasance fees paid relating
thereto (provided that for the avoidance of doubt, any such defeasance fee shall not include the Special Servicer’s
portion of any Modification Fees or waiver fees in connection with a defeasance that the Special Servicer is entitled to under
this Agreement). Notwithstanding the foregoing, the Master Servicer shall not permit (or, with regard to any Non-Serviced Mortgage
Loan, take any act in furtherance of) the substitution of any Mortgaged Property pursuant to the defeasance provisions of any
Mortgage Loan or a Serviced Whole Loan unless such defeasance complies with Treasury Regulations Section 1.860G-2(a)(8)(ii)
and the Master Servicer has received (i) replacement collateral consisting of government securities within the meaning of
Treasury Regulations Section 1.860G-2(a)(8)(ii), which satisfies the requirements of

 

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the applicable Mortgage Loan documents,
in an amount sufficient to make all scheduled payments under the related Mortgage Loan or Trust Subordinate Companion Loan (or
defeased portion thereof) when due, (ii) a certificate of an Independent certified public accountant to the effect that such
substituted property will provide cash flows sufficient to meet all payments of interest and principal (including payments at
maturity) on such Mortgage Loan or Serviced Whole Loan in compliance with the requirements of the terms of the related Mortgage
Loan documents and, if applicable, Companion Loan documents, (iii) one or more Opinions of Counsel (at the expense of the
related Mortgagor) to the effect that the Trustee, on behalf of the Trust, will have a first priority perfected security interest
in such substituted Mortgaged Property; provided, however, that, to the extent consistent with the related Mortgage
Loan documents and, if applicable, Companion Loan documents, the related Mortgagor shall pay the cost of any such opinion as a
condition to granting such defeasance, (iv) to the extent consistent with the related Mortgage Loan documents and, if applicable,
Companion Loan documents, the Mortgagor shall establish a single purpose entity to act as a successor Mortgagor, if so required
by the Rating Agencies, (v) to the extent permissible under the related Mortgage Loan documents and, if applicable, Companion
Loan documents, the Master Servicer shall use its reasonable efforts to require the related Mortgagor to pay all costs of such
defeasance, including but not limited to the cost of maintaining any successor Mortgagor, and (vi) to the extent permissible
under the Mortgage Loan documents and, if applicable, Companion Loan documents, the Master Servicer shall obtain, at the expense
of the related Mortgagor, Rating Agency Confirmation from each Rating Agency and a confirmation of any applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any class of Serviced
Companion Loan Securities (if any) (provided that such rating agency confirmation may be considered satisfied in the same
manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25);
provided, further, however, that no such confirmation from any Rating Agency shall be required to the extent
that the Master Servicer has delivered a defeasance certificate substantially in the form of Exhibit U hereto for
any Mortgage Loan or Trust Subordinate Companion Loan that (together with any Mortgage Loans cross-collateralized with such Mortgage
Loans) is: (i) a Mortgage Loan with a Cut-off Date Balance less than $35,000,000, (ii) a Mortgage Loan that represents
less than 5% of the aggregate Cut-off Date Balance of all Mortgage Loans, and (iii) a Mortgage Loan that is not one of the
ten largest Mortgage Loans by Stated Principal Balance. Notwithstanding the foregoing, in the event that requiring the Mortgagor
to pay for the items specified in clauses (ii), (iv) and (v) in the preceding sentence would be inconsistent
with the related Mortgage Loan documents, such reasonable costs shall be paid by the related Mortgage Loan Seller as and to the
extent set forth in the applicable Mortgage Loan Purchase Agreement.

 

(g)           
Notwithstanding anything herein or in the related Mortgage Loan documents and, if applicable, Companion Loan documents, to the
contrary, the Master Servicer may permit the substitution of “government securities,” within the meaning of Section 2(a)(16)
of the Investment Company Act of 1940, that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii) for any Mortgaged
Property pursuant to the defeasance provisions of any Mortgage Loan or a Serviced Whole Loan, as applicable (or any portion thereof),
in lieu of the defeasance collateral specified in the related Mortgage Loan documents or Serviced Whole Loan documents, as applicable;
provided that such substitution is consistent with the Servicing Standard and the Master Servicer (subject to the Special
Servicer’s processing and/or consent rights pursuant to Section 3.20(a) with respect to any such action that
constitutes a Major

 

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Decision) reasonably determines that allowing their use would not cause a default or event of default to become
reasonably foreseeable and the Master Servicer receives an Opinion of Counsel (at the expense of the Mortgagor to the extent permitted
under the Mortgage Loan documents and, if applicable, Companion Loan documents or otherwise as a Trust Fund expense) to the effect
that such use would not be and would not constitute a “significant modification” of such Mortgage Loan or Companion
Loan pursuant to Treasury Regulations Section 1.860G-2(b) and would not otherwise constitute an Adverse REMIC Event with
respect to any Trust REMIC; and provided, further, that the requirements set forth in Section 3.18(f)
(including receipt of any Rating Agency Confirmation) are satisfied; and provided, further, that such securities
are backed by the full faith and credit of the United States government, or the Master Servicer shall obtain Rating Agency Confirmation
from each Rating Agency and a confirmation of any applicable rating agencies that such action will not result in the downgrade,
withdrawal or qualification of its then-current ratings of any class of Serviced Companion Loan Securities (if any) (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may
be considered satisfied with respect to the Certificates pursuant to Section 3.25).

 

Notwithstanding
the foregoing, with respect to all of the Mortgage Loans, originated or acquired by JPMCB, GACC or CREFI that are subject to defeasance
(other than in the case of CREFI with respect to the WAG Monck’s Corner, SC Mortgage Loan), JPMCB, GACC or CREFI, as applicable,
has transferred to a third party or has retained on behalf of itself or an Affiliate the right to establish or designate the successor
borrower and/or to purchase or cause to be purchased the related defeasance collateral (any such right or obligation, the “Retained
Defeasance Rights and Obligations”). In the event the Master Servicer receives notice of a defeasance request with respect
to a Mortgage Loan for which JPMCB, GACC or CREFI, as applicable, is the related Mortgage Loan Seller, which such Mortgage Loan
provides for Retained Defeasance Rights and Obligations in the related Mortgage Loan documents, the Master Servicer shall provide,
within five (5) Business Days of receipt of such notice, written notice of such defeasance request to JPMCB, GACC or CREFI, as
applicable, in the case of any such Mortgage Loan for which JPMCB, GACC or CREFI, as applicable, is the related Mortgage Loan
Seller. Until such time as JPMCB, GACC or CREFI, as applicable, provides the Master Servicer with written notice to the contrary,
the notice of a defeasance of a Mortgage Loan with Retained Defeasance Rights and Obligations as to which (i) JPMCB is the
related Mortgage Loan Seller shall be delivered to JPMorgan Chase Bank, National Association, 383 Madison Avenue, 8th Floor, New
York, New York 10179, Attention: Kunal K. Singh, email: US_CMBS_Notice@jpmorgan.com, with a copy to JPMorgan Chase Bank, National
Association, 4 New York Plaza, Floor 21, New York, NY 10004-2413, Attention: SPG Legal, email: US_CMBS_Notice@jpmorgan.com (ii)
GACC is the related Mortgage Loan Seller shall be delivered to 60 Wall Street, New York, New York  10005, Attention: 
Lainie Kaye with copies via email to cmbs.requests@db.com, and (iii) CREFI is the related Mortgage Loan Seller shall be delivered
to Citi Real Estate Funding Inc., 388 Greenwich Street, 6th Floor, New York, New York 10013, Attention: Richard Simpson, Facsimile:
(646) 328-2943, with a copy to Citi Real Estate Funding Inc., 388 Greenwich Street, 17th Floor, New York, New York 10013, Attention:
Ryan O’Connor, with a copy to 388 Greenwich Street, 6th Floor, New York, New York 10013, Attention: Ana Rosu, Facsimile:
(646) 328-2938, and with copies by electronic mail to Richard.simpson@citi.com, ryan.m.oconnor@citi.com and ana.rosu@citi.com.
With respect to any Mortgage Loan originated or acquired by JPMCB, GACC or CREFI that is subject to

 

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defeasance, if the successor
borrower is not designated or formed by JPMCB, GACC or CREFI or any Affiliate or successor thereto, the successor borrower shall
be reasonably acceptable to the Master Servicer in accordance with the Servicing Standard.

 

If
required under the related Mortgage Loan or Companion Loan documents or if otherwise consistent with the Servicing Standard, the
Master Servicer shall establish and maintain one or more accounts (the “Defeasance Accounts”), which shall
be Eligible Accounts, into which all payments received by the Master Servicer from any defeasance collateral substituted for any
Mortgaged Property shall be deposited and retained, and shall administer such Defeasance Accounts in accordance with the Mortgage
Loan or Companion Loan documents. Notwithstanding the foregoing, in no event shall the Master Servicer permit such amounts to
be maintained in the Defeasance Account for a period in excess of ninety (90) days, unless such amounts are reinvested by the
Master Servicer in “government securities,” within the meaning of Section 2(a)(16) of the Investment Company
Act of 1940, that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii). To the extent not required or permitted to
be placed in a separate account, the Master Servicer shall deposit all payments received by it from defeasance collateral substituted
for any Mortgaged Property into the Collection Account and treat any such payments as payments made on the Mortgage Loan or Companion
Loan in advance of its Due Date in accordance with clause (a)(i) of the definition of “Pooled Aggregate Available
Funds” or clause (a)(i) of the definitions of “225 Bush Available Funds” and not as a prepayment
of the related Mortgage Loan or Companion Loan. Notwithstanding anything herein to the contrary, in no event shall the Master
Servicer permit such amounts to be maintained in the Collection Account for a period in excess of 365 days (or 366 days in the
case of a leap year).

 

(h)           
Notwithstanding anything to the contrary in this Agreement, neither the Master Servicer nor the Special Servicer, as applicable,
shall, unless it has received Rating Agency Confirmation from each Rating Agency and a confirmation of any applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any class of Serviced
Companion Loan Securities (if any) (provided that such rating agency confirmation may be considered satisfied in the same
manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25)
(the cost of which shall be paid by the related Mortgagor, if so allowed by the terms of the related loan documents and otherwise
paid out of general collections) grant or accept any consent, approval or direction regarding the termination of the related property
manager or the designation of any replacement property manager, with respect to any Mortgaged Property that secures a Mortgage
Loan that (i) is one of the ten largest Mortgage Loans by Stated Principal Balance or (ii) has an unpaid principal balance
that is at least equal to five percent (5%) of the then aggregate principal balance of all Mortgage Loans or $35,000,000.

 

(i)             
Notwithstanding anything to the contrary in this Agreement, in connection with any modification, waiver, consent or amendment
in connection with any release of collateral securing any Mortgage Loan in connection with a defeasance of such collateral, the
Master Servicer (if a Master Servicer Decision) or the Special Servicer (if a Major Decision) shall not approve any such modification,
waiver or amendment or consent thereto without first having received a copy of an Opinion of Counsel addressed to the Master Servicer
or the Special Servicer, as applicable, that such modification, waiver, consent or amendment will not cause an Adverse REMIC Event.

 

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(j)             
Notwithstanding any other provisions of this Section 3.18(a) or Section 3.08(a), but subject to any related
Intercreditor Agreement, the Master Servicer may, without any Directing Certificateholder approval or consent (except as otherwise
provided below in the definition of Master Servicer Decision), Rating Agency Confirmation (except with respect to clause (vi)
as described in Section 3.18(f)) or the Special Servicer’s approval or consent (provided that the Master
Servicer delivers notice thereof to the Special Servicer after completion (and the Special Servicer shall promptly, prior to the
occurrence of a Consultation Termination Event and other than in respect of any Excluded Loan, deliver notice thereof to the Directing
Certificateholder, except to the extent that the Special Servicer or the Directing Certificateholder, as the case may be, notifies
the Master Servicer that such party does not desire to receive copies of such items) take any of the following actions with respect
to Non-Specially Serviced Loans (each such action, a “Master Servicer Decision”):

 

(i)             
grant routine approvals, including granting of subordination, non-disturbance and attornment agreements and consents involving
leasing activities that do not involve a ground lease for any leasing activities that affect an area lesser than the lesser of
(a) 30% of the net rentable area of the improvements at the Mortgaged Property and (b) 30,000 square feet of the improvements
at the Mortgaged Property), including approval of new leases and amendments to current leases;

 

(ii)            
approving any waiver affecting the timing of receipt of financial statements from any Mortgagor; provided that such financial
statements are delivered no less often than quarterly and within 60 days after the end of the calendar quarter;

 

(iii)            
approving annual operating budgets, other than as set forth in clause (xviii) of the definition of Major Decisions;

 

(iv)           
subject to other restrictions in this Agreement regarding Principal Prepayments, waiving any provision of a Mortgage Loan or Serviced
Whole Loan requiring a specified number of days’ notice prior to a Principal Prepayment;

 

(v)            
approve or consent to any defeasance of the related Mortgage Loan or Serviced Companion Loan other than agreeing to (A) a modification
of the type of defeasance collateral required under the Mortgage Loan or Serviced Whole Loan documents other than direct, non-callable
obligations of the United States would be permitted or (B) a modification that would permit a principal prepayment instead of
defeasance if the Mortgage Loan or Serviced Whole loan documents do not otherwise permit such principal prepayment;

 

(vi)           
granting waivers of minor covenant defaults (other than financial covenants);

 

(vii)          
to the extent not a Major Decision pursuant to clause (x) of the definition of Major Decision, any requests for the funding or
disbursement of amounts from any escrow accounts, reserve funds or letters of credit held as "performance", "earn-out",
"holdback" or similar escrows or reserves, where such request is for the funding or disbursement of ordinary course
impounds, repair and replacement reserves, lender

 

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 approved budget and operating expenses, free rent or rent credit reserves pursuant
to an approved lease, tenant improvements pursuant to an approved lease and leasing commissions pursuant to an approved lease,
each in accordance with the Mortgage Loan documents other than a funding or disbursement listed in the proviso below (all such
fundings and disbursements being collectively referred to as “Routine Disbursements”) or any other funding
or disbursement as mutually agreed upon by the master servicer and special servicer; provided, however, that in
the case of any Mortgage Loan whose escrows, reserves, holdbacks and related letters of credit exceed, in the aggregate, at the
related origination date, 10% of the initial principal balance of such Mortgage Loan (which Mortgage Loans will be identified
on Schedule 3 hereto), no such funding or disbursement of such escrows, reserves, holdbacks or letters of credit will be deemed
to constitute a Routine Disbursement, and will instead constitute Major Decisions, except for the routine funding of tax payments
and insurance premiums when due and payable (provided that the Mortgage Loan is not a Specially Serviced Loan);

 

(viii)         
any property management company changes (with respect to a Mortgage Loan or Serviced Whole Loan (A)(x) with a Stated Principal
Balance less than $25,000,000 and (y) for which the debt service coverage ratio or debt yield for such Mortgage Loan (or Whole
Loan, if applicable) is greater than the greater of (X) the debt service coverage ratio or debt yield for such Mortgage Loan as
of the origination date of such Mortgage Loan or (Y) if the DSCR/DY Trigger has occurred, the debt service coverage ratio or debt
yield for such Mortgage Loan as of the most recent quarterly reporting period and (B) where the property management company will
not be an affiliate of the related borrower following such change or (2) or franchise changes (with respect to a Mortgage Loan
(other than any Non-Serviced Mortgage Loan) or Serviced Whole Loan, in each case, for which the lender is not required to consent
or approve under the Mortgage Loan documents);

 

(ix)           
approve or consent to grants of easements or rights of way (including, without limitation for utilities, access, parking, public
improvements or another purpose) or subordination of the lien of the Mortgage Loan to easements except with respect to grants
of easements or rights of way that materially affect the use or value of a Mortgaged Property or a borrower’s ability to
make payments with respect to the related Mortgage Loan or any related Companion Loan;

 

(x)            
any non-material modifications, waivers or amendments of a non-monetary term of an applicable Mortgage Loan document not provided
for in clauses (i) through (ix) above, which are necessary to cure any ambiguities or to correct scrivener’s errors
in the terms of the related Mortgage Loan or Serviced Whole Loan and any modification, consent to a modification or waiver of
any material term of an applicable Mortgage Loan document to the extent the Directing Certificateholder or any affiliate owns
a controlling interest (whether legally, beneficially or otherwise) in the related mezzanine loan, if applicable;

 

(xi)            
consents to releases of non-material, non-income producing parcels of a Mortgaged Property that do not materially affect the use
or value of the related Mortgaged Property or the ability of the related Mortgagor to pay amounts due in respect

 

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of the Mortgage
Loan as and when due, provided such releases are required by the related Mortgage Loan documents;

 

(xii)          
consent to actions and releases related to condemnation of parcels of a Mortgaged Property, except with respect to any condemnation
with respect to a material parcel or a material income producing parcel or any condemnation that materially affects the use or
value of the related Mortgaged Property or the ability of the related Mortgagor to pay amounts due in respect of the related Mortgage
Loan or Companion Loan when due);

 

(xiii)         
grant an extension or enter into any forbearance with respect to the anticipated refinancing of a Mortgage Loan or sale of a Mortgaged
Property after the related Maturity Date of such Mortgage Loan so long as (A) such extension or forbearance does not extend beyond
120 days after the related Maturity Date and (B) the related borrower has delivered the necessary documentation which provides
that a refinancing of such Mortgage Loan or sale of the related Mortgaged Property will occur within 120 days after the date on
which the related balloon balance will become due;

 

(xiv)         
any assumption of the Mortgage Loan or transfer of the Mortgaged Property or an interest in the Mortgage Borrower, in each case,
that the loan documents allow without the consent of the mortgagee but subject to satisfaction of conditions specified in the
loan documents where no mortgagee discretion is necessary in order to determine if such conditions are satisfied;

 

(xv)           any determination of Acceptable Insurance Default; provided that, prior to the occurrence and continuance of a Control Termination
Event and other than with respect to an Excluded Loan, the Directing Certificateholder’s consent (or deemed consent) shall
be required for any such determination; and

 

(xvi)          grant or agree to any other waiver, modification, amendment and/or consent that does not constitute a Major Decision;

 

provided
that (w) any such action would not in any way affect a payment term of the Certificates, (x) any such action would
not constitute a “significant modification” of such Mortgage Loan or Companion Loan pursuant to Treasury Regulations
Section 1.860G-2(b) and would not otherwise cause either Trust REMIC to fail to qualify as a REMIC for federal income tax purposes
(as evidenced by an Opinion of Counsel (at the expense of the Trust to the extent not reimbursed or paid by the related Mortgagor),
to the extent requesting such opinion is consistent with the Servicing Standard), (y) agreeing to such action would be consistent
with the Servicing Standard, and (z) agreeing to such action would not violate the terms, provisions or limitations of this
Agreement or any Intercreditor Agreement; provided, further, that, in the case of any Master Servicer Decision that
requires the consent of the Directing Certificateholder, such consent shall be deemed given if a response to the request for consent
is not provided within 10 Business Days after receipt of the Master Servicer’s written recommendation and analysis and all
information reasonably requested by the Directing Certificateholder, and reasonably available to the Master Servicer in order
to grant or withhold such consent. The foregoing is intended to be an itemization of actions the Master Servicer may take without
having to obtain the approval of the

 

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Special Servicer (other than as described in each item) and is not intended to limit the
responsibilities of the Master Servicer hereunder.

 

Section 3.19      
Transfer of Servicing Between Master Servicer and Special Servicer; Recordkeeping; Asset Status Report. (a)  Upon
determining that a Servicing Transfer Event has occurred with respect to any Mortgage Loan (other than any Non-Serviced Mortgage
Loan), Serviced Companion Loan, the Master Servicer or the Special Servicer, as applicable, shall promptly give notice to the
Master Servicer or the Special Servicer, as applicable, the Operating Advisor, the Risk Retention Consultation Parties, and ((i) prior
to the occurrence of a Consultation Termination Event and (ii) other than with respect to any Excluded Loan) the Directing
Certificateholder thereof, and the Master Servicer shall deliver the related Mortgage File and Servicing File to the Special Servicer
and concurrently provide a copy of such Servicing File, exclusive of all Privileged Communications, to the Operating Advisor.
The Master Servicer shall use its reasonable efforts to provide the Special Servicer with all information, documents and records
(including records stored electronically on computer tapes, magnetic discs and the like) relating to such Mortgage Loan and, if
applicable, the related Serviced Companion Loan, either in the Master Servicer’s possession or otherwise available to the
Master Servicer without undue burden or expense, and reasonably requested by the Special Servicer to enable it to assume its functions
hereunder with respect thereto. The Master Servicer shall use its reasonable efforts to comply with the preceding sentence within
five (5) Business Days of the occurrence of each related Servicing Transfer Event (or, in the case of clauses (viii),
(ix) or (x) of the definition of Servicing Transfer Event, within five (5) Business Days of receiving notice from
the Special Servicer of such Servicing Transfer Event when the Special Servicer makes the determination) and in any event shall
continue to act as Master Servicer and administrator of such Mortgage Loan and, if applicable, the related Serviced Companion
Loan until the Special Servicer has commenced the servicing of such Mortgage Loan and, if applicable, the related Serviced Companion
Loan. The Master Servicer shall deliver to the Trustee, the Certificate Administrator, the Operating Advisor, and ((i) prior
to the occurrence of a Consultation Termination Event or (ii) other than with respect to any Excluded Loan) the Directing
Certificateholder, a copy of the notice of such Servicing Transfer Event provided by the Master Servicer to the Special Servicer,
or by the Special Servicer to the Master Servicer, pursuant to this Section 3.19. Prior to the occurrence of a Consultation
Termination Event, the Certificate Administrator shall deliver to each Controlling Class Certificateholder a copy of the notice
of such Servicing Transfer Event provided by the Master Servicer pursuant to this Section 3.19.

 

The
Special Servicer may elect to deliver a written notice to the Master Servicer that a Mortgage Loan should be a Specially Serviced
Loan as a result of reasonably foreseeable default under clause (iv) or (x) of the definition of “Servicing Transfer Event”.
Upon receipt of any such written notice, the Master Servicer shall deliver an officer’s certificate to each of the Depositor
and the Special Servicer with its determination of whether to transfer such Mortgage Loan to special servicing under clause (iv)
or (x) of the definition of “Servicing Transfer Event” and the reasons for such determination, and such determination
shall be conclusive with respect to a servicing transfer at that time.

 

Upon
determining that a Specially Serviced Loan (other than an REO Loan) has become current and has remained current for three consecutive
Periodic Payments (provided that (i) no additional Servicing Transfer Event is foreseeable in the reasonable judgment
of the

 

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Special Servicer, and (ii) for such purposes taking into account any modification or amendment of such Mortgage Loan
and, if applicable, the related Companion Loan), and that no other Servicing Transfer Event is continuing with respect thereto,
the Special Servicer shall immediately give notice thereof to the Master Servicer, the Operating Advisor, the related Serviced
Companion Noteholder (unless with respect to a Serviced AB Whole Loan an AB Control Appraisal Period has occurred) and ((i) prior
to the occurrence of a Consultation Termination Event and (ii) other than with respect to any Excluded Loan) the Directing
Certificateholder and shall return the related Mortgage File and Servicing File to the Master Servicer (or copies thereof if copies
only were delivered to the Special Servicer) and upon giving such notice, and returning such Mortgage File and Servicing File
to the Master Servicer, the Special Servicer’s obligation to service such Corrected Loan shall terminate and the obligations
of the Master Servicer to service and administer such Mortgage Loan and, if applicable, the related Companion Loan shall recommence.

 

(b)           
In servicing any Specially Serviced Loans and Serviced Companion Loans, the Special Servicer will provide to the Custodian originals
of documents included within the definition of “Mortgage File” for inclusion in the related Mortgage File to the extent
within its possession (with a copy of each such original to the Master Servicer), and provide the Master Servicer with copies
of any additional related Mortgage Loan or Serviced Companion Loan information including correspondence with the related Mortgagor.

 

(c)            
Notwithstanding the provisions of Section 3.12(c), the Master Servicer shall maintain ongoing payment records with
respect to each of the Specially Serviced Loans, Serviced Companion Loans and REO Properties (other than with respect to a Non-Serviced
Mortgage Loan) and shall provide the Special Servicer with any information in its possession with respect to such records to enable
the Special Servicer to perform its duties under this Agreement; provided that this statement shall not be construed to
require the Master Servicer to produce any additional reports.

 

(d)           
No later than sixty (60) days after a Servicing Transfer Event for a Mortgage Loan (other than a Non-Serviced Mortgage Loan) or
Trust Subordinate Companion Loan and, if applicable, the related Companion Loan (the “Initial Delivery Date”),
the Special Servicer shall deliver in electronic format a report (the “Asset Status Report”) with respect to
such Mortgage Loan and related Companion Loan, if applicable, and the related Mortgaged Property to the Directing Certificateholder.
Subsequent to the issuance of a Final Asset Status Report to the extent that during the course of the resolution of such Specially
Serviced Loan material changes in the strategy reflected in the initial Asset Status Report (or subsequent Asset Status Reports)
are necessary to reflect the then-current circumstances and recommendation as to how the Specially Serviced Loan might be returned
to performing status or otherwise liquidated in accordance with the Servicing Standard, the Special Servicer shall prepare one
or more additional Asset Status Reports with respect to such Specially Serviced Loan (each such report a “Subsequent
Asset Status Report”). The Special Servicer shall deliver each Asset Status Report in electronic form to: (i) the Master
Servicer, (ii) the Directing Certificateholder (but only in respect of any Mortgage Loan other than any Excluded Loan and in any
event prior to the occurrence of a Consultation Termination Event), (iii) each Risk Retention Consultation Party (but not with
respect to any applicable Excluded Loan) and the 225 Bush Risk Retention Consultation Party (only in the case of an Asset Status
Report relating to the 225 Bush Whole

 

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 Loan), (iv) the AB Whole Loan Controlling Holder with respect to the Serviced AB Whole Loan,
only to the extent the Serviced AB Subordinate Companion Loan is not subject to an AB Control Appraisal Period, (v) the Operating
Advisor (but, other than with respect to an Excluded Loan, only after the occurrence and during the continuance of an Operating
Advisor Consultation Event) , (vi) the 17g-5 Information Provider (which shall promptly post such report on the 17g-5 Information
Provider’s Website in accordance with Section 3.13(c)), and (vii) with respect to any related Serviced Companion
Loan, to the extent the related Serviced Companion Loan has been included in an Other Securitization, to the master servicer of
such Other Securitization into which the related Serviced Companion Loan has been sold or to the related Companion Holder. Such
Asset Status Report shall set forth the following information to the extent reasonably determinable based on the information that
was delivered to the Special Servicer in connection with the transfer of servicing pursuant to the Servicing Transfer Event:

 

(i)            
summary of the status of such Specially Serviced Loan and any negotiations with the related Mortgagor;

 

(ii)            
a discussion of the legal and environmental considerations reasonably known to the Special Servicer, consistent with the Servicing
Standard, that are applicable to the exercise of remedies as aforesaid and to the enforcement of any related guaranties or other
collateral for the related Mortgage Loan (and any related Serviced Companion Loan) and whether outside legal counsel has been
retained;

 

(iii)           
the most current rent roll and income or operating statement available for the related Mortgaged Property;

 

(iv)           
(A) the Special Servicer’s recommendations on how such Specially Serviced Loan might be returned to performing status
(including the modification of a monetary term, and any workout, restructure or debt forgiveness) and returned to the Master Servicer
for regular servicing or otherwise realized upon (including any proposed sale of a Defaulted Loan or REO Property), (B) a
description of any such proposed or taken actions, and (C) the alternative courses of action that were or are being considered
by the Special Servicer in connection with the proposed or taken actions;

 

(v)            
the status of any foreclosure actions or other proceedings undertaken with respect to the Specially Serviced Loan, any proposed
workouts and the status of any negotiations with respect to such workouts, and an assessment of the likelihood of additional defaults
under the related Mortgage Loan or Serviced Whole Loan;

 

(vi)           
a description of any amendment, modification or waiver of a material term of any ground lease (or any space lease or air rights
lease, if applicable) or franchise agreement;

 

(vii)          
the decision that the Special Servicer made, or intends or proposes to make, including a narrative analysis setting forth the
Special Servicer’s rationale for its proposed decision, including its rejection of the alternatives;

 

(viii)        
an analysis of whether or not taking such proposed action is reasonably likely to produce a greater recovery on a present value
basis than not taking such action,

 

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setting forth (x) the basis on which the Special Servicer made such determination and
(y) the net present value calculation and all related assumptions;

 

(ix)           
the appraised value of the related Mortgaged Property (and a copy of the last obtained Appraisal of such Mortgaged Property) together
with a description of any adjustments to the valuation of such Mortgaged Property made by the Special Servicer together with an
explanation of those adjustments; and

 

(x)            
such other information as the Special Servicer deems relevant in light of the Servicing Standard.

 

A
summary of each Asset Status Report shall be provided to the Certificate Administrator and the Trustee.

 

If
within ten (10) Business Days (or, if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business
Days) of receiving an Asset Status Report, the Directing Certificateholder does not disapprove such Asset Status Report in writing
or if the Special Servicer makes a determination, in accordance with the Servicing Standard that the disapproval by the Directing
Certificateholder (communicated to the Special Servicer within ten (10) Business Days (or, if the Directing Certificateholder
and the Special Servicer are affiliates, five (5) Business Days)) is not in the best interest of all the Certificateholders, the
Special Servicer shall implement the recommended action as outlined in such Asset Status Report; provided, however,
that the Special Servicer may not take any action that is contrary to applicable law, the Servicing Standard or the terms of the
applicable Mortgage Loan documents. If, with respect to any Mortgage Loan other than an Excluded Loan, prior to the occurrence
and continuance of any Control Termination Event, the Directing Certificateholder disapproves such Asset Status Report within
ten (10) Business Days (or, if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business
Days) of receipt and the Special Servicer has not made the affirmative determination described above, the Special Servicer shall
revise such Asset Status Report and deliver a new Asset Status Report as soon as practicable, but in no event later than thirty
(30) days after such disapproval, to the Master Servicer, the Directing Certificateholder (prior to the occurrence of a Consultation
Termination Event and, in the case of a Serviced AB Whole Loan, only prior to the occurrence of a Consultation Termination Event
and during an AB Control Appraisal Period with respect to the related AB Subordinate Companion Loan), the Operating Advisor (but
only after the occurrence and during the continuance of an Operating Advisor Consultation Event) and the 17g-5 Information Provider
(which shall promptly post such report on the 17g-5 Information Provider’s Website in accordance with Section 3.13(c)).
With respect to any Mortgage Loan other than an Excluded Loan, prior to the occurrence and continuance of any Control Termination
Event, the Special Servicer shall revise such Asset Status Report as described above in this Section 3.19(d) until
the Directing Certificateholder shall fail to disapprove such revised Asset Status Report in writing within ten (10) Business
Days (or, if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business Days) of receiving such
revised Asset Status Report or until the Special Servicer makes a determination, in accordance with the Servicing Standard, that
the disapproval is not in the best interests of the Certificateholders; provided that, if the Directing Certificateholder
has not approved the Asset Status Report for a period of sixty (60) Business Days following the first submission of an Asset Status
Report, the Special Servicer shall follow

 

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the Directing Certificateholder’s direction, if such direction is consistent with
the Servicing Standard; provided, however, that if the Directing Certificateholder’s direction would cause
the Special Servicer to violate the Servicing Standard, the Special Servicer may act upon the most recently submitted form of
Asset Status Report; provided, further, however, that such Asset Status Report does not, and is not intended
to be, a substitute for the approvals that are specifically required pursuant to Section 6.08. The procedures described
in this paragraph are collectively referred to herein as the “Directing Certificateholder Asset Status Report Approval Process”.

 

The
Special Servicer may, from time to time, modify any Asset Status Report it has previously delivered and implement such report;
provided that such report shall have been prepared, reviewed and not rejected pursuant to the terms of this Section 3.19(d).
Notwithstanding anything herein to the contrary, with respect to any Excluded Loan (regardless of whether a Control Termination
Event has occurred and is continuing), the Special Servicer shall consult with the Operating Advisor (in person or remotely via
electronic, telephonic or other mutually agreeable communication), on a non-binding basis, in connection with an Asset Status
Report for an Excluded Loan which includes a Major Decision that it is processing or for which its consent is required and consider
alternative actions recommended by the Operating Advisor, in respect thereof, in accordance with the procedures set forth in Section 6.08
for consulting with the Operating Advisor.

 

No
direction or disapproval of the Directing Certificateholder or a Risk Retention Consultation Party hereunder or under a related
Intercreditor Agreement or failure of the Directing Certificateholder to consent to or approve (including any deemed consents
or approvals) any request of the Special Servicer, shall (a) require or cause the Special Servicer to violate the terms of
a Specially Serviced Loan, applicable law or any provision of this Agreement, including the Special Servicer’s obligation
to act in accordance with the Servicing Standard and to maintain the REMIC status of each Trust REMIC and the status of the Grantor
Trust as a grantor trust, (b) result in the imposition of a “prohibited transaction” or “prohibited contribution”
tax under the REMIC Provisions, (c) expose the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor,
the Mortgage Loan Sellers, the Trust, the Trustee, the Certificate Administrator or their respective officers, directors, members,
employees or agents to any claim, suit or liability or (d) materially expand the scope of the Special Servicer’s, Trustee’s
or the Master Servicer’s responsibilities under this Agreement.

 

Prior
to an Operating Advisor Consultation Event, the Special Servicer shall deliver each Final Asset Status Report to the Operating
Advisor promptly following the conclusion of each Directing Certificateholder Asset Status Report Approval Process. The Operating
Advisor’s review of any such Final Asset Status Report shall only provide background information to support the Operating
Advisor’s duties concerning the Special Servicer’s compliance with the Servicing Standard, and the Operating Advisor
shall not provide comments to the Special Servicer in respect of such Final Asset Status Report.

 

If
an Operating Advisor Consultation Event has occurred and is continuing, the Special Servicer shall promptly deliver each Asset
Status Report prepared in connection with a Specially Serviced Loan to the Operating Advisor (and if no Consultation Termination
Event has occurred and is continuing and such Specially Serviced Loan is not an Excluded Loan, the

 

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Directing Certificateholder).
The Operating Advisor shall provide comments to the Special Servicer in respect of any such Asset Status Report within ten (10)
Business Days following the later of (i) receipt of such Asset Status Report or (ii) receipt of such additional information
reasonably requested by the Operating Advisor related thereto, and propose possible alternative courses of action to the extent
it determines such alternatives to be in the best interest of the Certificateholders (including any Certificateholders that are
holders of the Control Eligible Certificates), as a collective whole. The Special Servicer shall consider such alternative courses
of action, if any, and any other feedback provided by the Operating Advisor (and if no Consultation Termination Event has occurred
and is continuing and such Specially Serviced Loan is not an Excluded Loan, the Directing Certificateholder) in connection with
the Special Servicer’s preparation of any such Asset Status Report. The Special Servicer may revise the Asset Status Report
as it deems necessary to take into account any input and/or comments from the Operating Advisor (and if no Consultation Termination
Event has occurred and is continuing and such Specially Serviced Loan is not an Excluded Loan, the Directing Certificateholder),
to the extent the Special Servicer determines that the Operating Advisor’s and/or Directing Certificateholder’s input
and/or recommendations are consistent with the Servicing Standard and in the best interest of the Certificateholders as a collective
whole (or, with respect to a Serviced Whole Loan, the best interest of the Certificateholders and the holders of the related Companion
Loan, as a collective whole (taking into account the subordinate or pari passu nature of such Companion Loan)). Promptly
upon determining whether or not to revise any Asset Status Report to take into account any input and/or comments from the Operating
Advisor or the Directing Certificateholder, the Special Servicer shall revise the Asset Status Report, if applicable, and deliver
to the Operating Advisor and the Directing Certificateholder either the revised Asset Status Report (until a Final Asset Status
Report is issued) or notice that the Special Servicer has decided not to revise such Asset Status Report, as applicable. The procedures
described in this paragraph are collectively referred to as the “ASR Consultation Process”.

 

After
the occurrence and during the continuance of a Control Termination Event (and at any time with respect to any Excluded Loan),
the Directing Certificateholder shall have no right to consent to any Asset Status Report under this Section 3.19.
After the occurrence and during the continuance of a Control Termination Event but prior to the occurrence of a Consultation Termination
Event, each of the Directing Certificateholder (except with respect to any Excluded Loan or, prior to the occurrence and continuance
of an AB Control Appraisal Period, the related Serviced AB Whole Loan), and after the occurrence and during the continuance of
an Operating Advisor Consultation Event, the Operating Advisor, shall consult with the Special Servicer (in person or remotely
via electronic, telephonic or other mutually agreeable communication) on a non-binding basis and may propose alternative courses
of action and provide such other feedback as the Directing Certificateholder or the Operating Advisor, as applicable, determines
in respect of any Asset Status Report. After the occurrence of a Consultation Termination Event (and at any time with respect
to any Excluded Loan), the Directing Certificateholder (other than in its capacity as a Certificateholder) shall have no right
to receive any Asset Status Report or otherwise consult with the Special Servicer with respect to Asset Status Reports and the
Special Servicer shall only be obligated to consult with the Operating Advisor with respect to any Asset Status Report as described
above. The Special Servicer may choose to revise the Asset Status Report as it deems reasonably necessary in accordance with the
Servicing Standard to take into account any input and/or recommendations of the Operating Advisor or the Directing Certificateholder
during the applicable periods

 

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described above, but is under no obligation to follow any particular recommendation of the Operating
Advisor or the Directing Certificateholder.

 

Notwithstanding
the foregoing, prior to the occurrence and continuance of an AB Control Appraisal Period with respect to a Serviced AB Whole Loan,
the Special Servicer shall prepare an Asset Status Report for any Serviced AB Whole Loan, upon it becoming a Specially Serviced
Loan pursuant to this Agreement and the related Intercreditor Agreement, but the Directing Certificateholder will have no approval
rights over any such Asset Status Report, and the consent or approval rights with respect to such Asset Status Report shall be
as set forth in the related Intercreditor Agreement.

 

(e)            
(i)  Upon receiving notice of the occurrence of the events described in clause (iv) and (x) of the
definition of Servicing Transfer Event (without regard to the 60-day or 30-day period, respectively, set forth therein), the Master
Servicer shall with reasonable promptness give notice thereof, and shall use its reasonable efforts to provide the Special Servicer
with all information relating to the Mortgage Loan or Serviced Companion Loan and reasonably requested by the Special Servicer
to enable it to negotiate with the related Mortgagor. The Master Servicer shall use its reasonable efforts to comply with the
preceding sentence within five (5) Business Days of the occurrence of each such event.

 

(ii)            
After the occurrence and during the continuance of a Control Termination Event, upon receiving notice of the occurrence of an
event described in clause (iv) or (x) of the definition of Servicing Transfer Event (without regard to the
60-day or 30-day period, respectively, set forth therein), the Master Servicer shall deliver notice thereof to the Operating Advisor
at the same time such notice is provided to the Special Servicer pursuant to clause (i) above.

 

(f)            
Prior to the occurrence and continuance of a Control Termination Event, no later than two (2) Business Days following the establishment
of a Final Asset Status Report with respect to any Specially Serviced Loan (other than any Excluded Loan), the Special Servicer
shall deliver in electronic format to the Directing Certificateholder a draft notice that will include a draft summary of the
Final Asset Status Report (which briefly summarizes such Final Asset Status Report, but shall not include any Privileged Information)
(and shall deliver each Final Asset Status Report with respect to a Serviced AB Whole Loan prior to the occurrence and continuance
of an AB Control Appraisal Period (to the extent approved by the related AB Whole Loan Controlling Holder), to the Directing Certificateholder).
With respect to any Mortgage Loan other than an Excluded Loan, if, prior to the occurrence and continuance of a Control Termination
Event, within ten (10) Business Days (or, if the Directing Certificateholder and the Special Servicer are affiliates, five
(5) Business Days) of receipt of such draft summary, the Directing Certificateholder approves of, or does not disapprove of such
draft summary, then the Special Servicer shall deliver in electronic format such notice and summary of the Final Asset Status
Report to the Certificate Administrator for posting on the Certificate Administrator’s Website pursuant to Section 3.13(b).
If the Directing Certificateholder affirmatively disapproves of such summary in writing, then within two (2) Business Days of
receipt of such disapproval, the Special Servicer shall revise the summary and deliver such new summary to the Directing Certificateholder
until the Directing Certificateholder approves such draft summary; provided, however, that if the Directing Certificateholder
has not approved of the

 

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draft summary of the Final Asset Status Report within twenty (20) Business Days of receipt of the initial
draft summary of the Final Asset Status Report, then the most recent draft summary of the Final Asset Status Report delivered
by the Special Servicer prior to such 20th Business Day shall be deemed to be the final summary of the Final Asset Status Report;
provided, further, however, that if at any time the Special Servicer determines that any affirmative disapproval
of such draft summary by the Directing Certificateholder is not in the best interest of all the Certificateholders pursuant to
the Servicing Standard, the Special Servicer shall deliver in electronic format such notice and summary of the Final Asset Status
Report to the Certificate Administrator for posting on the Certificate Administrator’s Website pursuant to Section 3.13(b)
notwithstanding such disapproval. The Special Servicer shall promptly deliver (but in any event no later than two (2) Business
Days following its completion) a copy of each Final Asset Status Report to the Operating Advisor. The Special Servicer shall prepare
a summary of any Final Asset Status Report related to any Serviced AB Whole Loan for which the related holder of an AB Subordinate
Companion Loan is not subject to an AB Control Appraisal Period, which Final Asset Status Report has been approved or deemed approved
by the holder of the related AB Subordinate Companion Loan in accordance with the related Intercreditor Agreement (to the extent
such Intercreditor Agreement requires such approval or deemed approval), and deliver in electronic format notice of such Final
Asset Status Report and the summary of such Final Asset Status Report to the Certificate Administrator for posting on the Certificate
Administrator’s Website pursuant to Section 3.13(b).

 

(g)           
No provision of this Section 3.19 shall require the Special Servicer to take or to refrain from taking any action
because of any proposal, objection or comment by the Operating Advisor or a recommendation of the Operating Advisor.

 

Section 3.20      
Sub-Servicing Agreements. (a)  The Master Servicer and Special Servicer may enter into Sub-Servicing Agreements
to provide for the performance by third parties of any or all of its respective obligations hereunder; provided that the
Sub-Servicing Agreement as amended or modified: (i) is consistent with this Agreement in all material respects and requires
the Sub-Servicer to comply with all of the applicable conditions of this Agreement; (ii) provides that if the Master Servicer
or Special Servicer, as applicable, shall for any reason no longer act in such capacity hereunder (including, without limitation,
by reason of a Servicer Termination Event), the Trustee or its designee shall thereupon assume all of the rights and, except to
the extent they arose prior to the date of assumption, obligations of such party under such agreement, or, alternatively, may
act in accordance with Section 7.02 hereof under the circumstances described therein (subject to Section 3.20(g)
hereof); (iii) provides that the Trustee (for the benefit of the Certificateholders and the related Companion Holder
(if applicable) and the Trustee (as holder of the Lower-Tier Regular Interests) shall be a third party beneficiary under such
Sub-Servicing Agreement, but that (except to the extent the Trustee or its designee assumes the obligations of such party thereunder
as contemplated by the immediately preceding clause (ii)) none of the Trust, the Trustee, the Operating Advisor, the
Certificate Administrator, the Master Servicer or Special Servicer, as applicable, any successor master servicer or successor
special servicer or any Certificateholder (or the related Companion Holder, if applicable) shall have any duties under such Sub-Servicing
Agreement or any liabilities arising therefrom; (iv) permits any purchaser of a Mortgage Loan or Trust Subordinate Companion
Loan pursuant to this Agreement to terminate such Sub-Servicing Agreement with respect to such purchased Mortgage Loan or Trust
Subordinate Companion Loan at its option and without penalty;

 

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provided, however, that the Initial Sub-Servicing
Agreements may only be terminated by the Trustee or its designees as contemplated by Section 3.20(g) hereof and in
such additional manner and by such other Persons as is provided in such Sub-Servicing Agreement; (v) does not permit the
Sub-Servicer any direct rights of indemnification that may be satisfied out of assets of the Trust; (vi) does not permit
the Sub-Servicer to modify any Mortgage Loan or Trust Subordinate Companion Loan unless and to the extent the Master Servicer
or Special Servicer, as applicable, is permitted hereunder to modify such Mortgage Loan or Trust Subordinate Companion Loan; (vii)
does not permit the Sub-Servicer to take any action constituting a Major Decision and certain other decisions without the consent
of the Master Servicer or Special Servicer, as applicable (subject to the rights of the Directing Certificateholder pursuant to
Section 6.08); (viii) with respect to any Sub-Servicing Agreement entered into after the Closing Date, if such Sub-Servicer
is a Servicing Function Participant or an Additional Servicer, such Sub-Servicer, at the time the related Sub-Servicing Agreement
is entered into, is not a Prohibited Party; (ix) provides that the Sub-Servicer shall be in default under the related Sub-Servicing
Agreement and such Sub-Servicing Agreement shall be terminated (following the expiration of any applicable Grace Period) if, among
other things, the Sub-Servicer fails (A) to deliver by the due date any Exchange Act reporting items required to be delivered
to the Master Servicer under Article XI or under the Sub-Servicing Agreement or to the master servicer under any other
pooling and servicing agreement that the Depositor is a party to, or (B) to perform in any material respect any of its covenants
or obligations contained in the Sub-Servicing Agreement regarding creating, obtaining or delivering any Exchange Act reporting
items required for any party to this Agreement to perform its obligations under Article XI or under the Exchange Act
reporting items required under any other pooling and servicing agreement that the Depositor is a party to; and (x) provides that
such Sub-Servicing Agreement shall be terminable if at any time the related Sub-Servicer is a Risk Retention Affiliate of the
Third Party Purchaser if such Sub-Servicer is a servicer as contemplated by Item 1108(a)(2).

 

Any
successor master servicer or special servicer, as applicable, hereunder shall, upon becoming successor master servicer or special
servicer, as applicable, be assigned and may assume any Sub-Servicing Agreements from the predecessor Master Servicer or Special
Servicer, as applicable (subject to Section 3.20(g) hereof). In addition, each Sub-Servicing Agreement entered into
by the Master Servicer may but need not provide that the obligations of the Sub-Servicer thereunder may terminate with respect
to any Mortgage Loan or Trust Subordinate Companion Loan serviced thereunder at the time such Mortgage Loan or Trust Subordinate
Companion Loan becomes a Specially Serviced Loan; provided, however, that the Sub-Servicing Agreement may provide
(if the Sub-Servicing Agreement provides for Advances by the Sub-Servicer, although it need not so provide) that the Sub-Servicer
will continue to make all Advances and calculations and prepare all reports required under the Sub-Servicing Agreement with respect
to Specially Serviced Loans and continue to collect its Primary Servicing Fees as if no Servicing Transfer Event had occurred
and with respect to REO Properties (and the related REO Loans) as if no REO Acquisition had occurred and to render such incidental
services with respect to such Specially Serviced Loans and REO Properties as are specifically provided for in such Sub-Servicing
Agreement. The Master Servicer or Special Servicer, as applicable, shall deliver to the Trustee copies of all Sub-Servicing Agreements,
and any amendments thereto and modifications thereof, entered into by it, in each case promptly upon its execution and delivery
of such documents. References in this Agreement to actions taken or to be taken by the Master Servicer include actions taken or
to be taken by a

 

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Sub-Servicer on behalf of the Master Servicer; and, in connection therewith, all amounts advanced by any Sub-Servicer
(if the Sub-Servicing Agreement provides for Advances by the Sub-Servicer, although it need not so provide) to satisfy the obligations
of the Master Servicer hereunder to make Advances shall be deemed to have been advanced by the Master Servicer out of its own
funds and, accordingly, in such event, such Advances shall be recoverable by such Sub-Servicer in the same manner and out of the
same funds as if such Sub-Servicer were the Master Servicer, and, for so long as they are outstanding, such Advances shall accrue
interest in accordance with Section 3.03(d), such interest to be allocable between the Master Servicer and such Sub-Servicer
as may be provided (if at all) pursuant to the terms of the Sub-Servicing Agreement. For purposes of this Agreement, the Master
Servicer shall be deemed to have received any payment when a Sub-Servicer retained by it receives such payment. The Master Servicer
or Special Servicer, as applicable, shall notify the Master Servicer or the Special Servicer, as applicable, the Trustee and the
Depositor (and the Special Servicer shall notify the Operating Advisor) in writing promptly of the appointment by it of any Sub-Servicer,
except that the Master Servicer need not provide such notice as to the Initial Sub-Servicing Agreements.

 

(b)           
Each Sub-Servicer shall be authorized to transact business in the state or states in which the related Mortgaged Properties it
is to service are situated, if and to the extent required by applicable law to the extent necessary to ensure the enforceability
of the related Mortgage Loans or Trust Subordinate Companion Loan or the compliance with its obligations under the Sub-Servicing
Agreement and the Master Servicer’s obligations under this Agreement.

 

(c)            
As part of its servicing activities hereunder, the Master Servicer or the Special Servicer, as applicable, for the benefit of
the Trustee and the Certificateholders, shall (at no expense to the Trustee, the Certificateholders or the Trust) monitor the
performance and enforce the obligations of each Sub-Servicer under the related Sub-Servicing Agreement, except that the Master
Servicer shall be required only to use reasonable efforts to cause any Initial Sub-Servicer to comply with the requirements of
Article XI hereof. Such enforcement, including, without limitation, the legal prosecution of claims, termination of
Sub-Servicing Agreements in accordance with their respective terms and the pursuit of other appropriate remedies, shall be in
such form and carried out to such an extent and at such time as is in accordance with the Servicing Standard. The Master Servicer
or the Special Servicer, as applicable, shall have the right to remove a Sub-Servicer retained by it (i) with respect to a Sub-Servicer
other than an Initial Sub-Servicer only, at any time it considers removal to be in accordance with the best interests of the Trust
and/or the Certificateholders and (ii) in accordance with the terms of the related Sub-Servicing Agreement.

 

(d)           
In the event the Trustee or its designee becomes successor master servicer and assumes the rights and obligations of the Master
Servicer under any Sub-Servicing Agreement, the Master Servicer, at its expense, shall deliver to the assuming party all documents
and records relating to such Sub-Servicing Agreement and the Mortgage Loans and, if applicable, the Companion Loans then being
serviced thereunder and an accounting of amounts collected and held on behalf of it thereunder, and otherwise use reasonable efforts
to effect the orderly and efficient transfer of the Sub-Servicing Agreement to the assuming party.

 

(e)            
Notwithstanding the provisions of any Sub-Servicing Agreement and this Section 3.20, except to the extent provided
in Article XI with respect to the obligations of any 

 

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Sub-Servicer
that is an Initial Sub-Servicer, the Master Servicer and the Special Servicer shall remain obligated and responsible to the
Trustee, the Special Servicer, holders of the Companion Loans serviced hereunder and the Certificateholders for the
performance of its obligations and duties under this Agreement in accordance with the provisions hereof to the same extent
and under the same terms and conditions as if it alone were servicing and administering the Mortgage Loans or Trust
Subordinate Companion Loan for which it is responsible, and the Master Servicer shall pay the fees of any Sub-Servicer
thereunder as and when due from its own funds. In no event shall the Trust bear any termination fee required to be paid to
any Sub-Servicer as a result of such Sub-Servicer’s termination under any Sub-Servicing Agreement.

 

(f)            
The Trustee, upon the request of the Master Servicer, shall furnish to any Sub-Servicer any documents necessary or appropriate
to enable such Sub-Servicer to carry out its servicing and administrative duties under any Sub-Servicing Agreement.

 

(g)           
Each Sub-Servicing Agreement shall provide that, in the event the Trustee or any other Person becomes successor master servicer,
the Trustee or such successor master servicer shall have the right to terminate such Sub-Servicing Agreement with or without cause
and without a fee. Notwithstanding the foregoing or any other contrary provision in this Agreement, the Trustee and any successor
master servicer shall assume each Initial Sub-Servicing Agreement and (i) the Initial Sub-Servicer’s rights and obligations
under the Initial Sub-Servicing Agreement shall expressly survive a termination of the Master Servicer’s servicing rights
under this Agreement; provided that the Initial Sub-Servicing Agreement has not been terminated in accordance with its
provisions; (ii) any successor master servicer, including, without limitation, the Trustee (if it assumes the servicing obligations
of the Master Servicer) shall be deemed to automatically assume and agree to the then-current Initial Sub-Servicing Agreement
without further action upon becoming the successor master servicer and (iii) this Agreement may not be modified in any manner
which would increase the obligations or limit the rights of the Initial Sub-Servicer hereunder and/or under the Initial Sub-Servicing
Agreement, without the prior written consent of the Initial Sub-Servicer (which consent shall not be unreasonably withheld).

 

(h)           
With respect to Mortgage Loans or Trust Subordinate Companion Loan subject to a Sub-Servicing Agreement with the Master Servicer,
the Special Servicer shall, upon request (such request to be made reasonably in advance as appropriate to the circumstances surrounding
such request) of the related Sub-Servicer, reasonably cooperate in delivering reports and information, including remittance information,
and affording access to information to the related Sub-Servicer that would be required to be delivered or afforded, as the case
may be, to the Master Servicer pursuant to the terms hereof.

 

(i)             
Notwithstanding any other provision of this Agreement, the Special Servicer shall not enter into any Sub-Servicing Agreement which
provides for the performance by third parties of any or all of its obligations herein, without, with respect to any Mortgage Loan
other than an Excluded Loan, prior to the occurrence and continuance of any Control Termination Event, the consent of the Directing
Certificateholder, except to the extent necessary for the Special Servicer to comply with applicable regulatory requirements.

 

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Notwithstanding
anything to the contrary herein, no Sub-Servicer shall be permitted under any Sub-Servicing Agreement to make material servicing
decisions, such as loan modifications or determinations as to the manner or timing of enforcing remedies under the Mortgage Loan
documents, without the consent of the Master Servicer or Special Servicer, as applicable.

 

(j)             
No party shall enter into an agreement with a Sub-Servicer that is a Risk Retention Affiliate of the Third Party Purchaser if
such Sub-Servicer would be a servicer as contemplated by Item 1108(a)(2). Notwithstanding the preceding sentence, the parties
to this agreement, absent actual knowledge to the contrary, may conclusively rely upon a representation of any Initial Sub-Servicer
that such Sub-Servicer is not, to its actual knowledge, an a Risk Retention Affiliate of the Third Party Purchaser. If at any
time a Sub-Servicer is a servicer as contemplated by Item 1108(a)(2) and is a Risk Retention Affiliate of the Third Party Purchaser,
such party shall terminate such Sub-Servicer in accordance with the Sub-Servicing Agreement to the extent such party has actual
knowledge of such affiliation.

 

Section 3.21      
Interest Reserve Account. (a)  On the Master Servicer Remittance Date occurring in each February and in any January
that occurs in a year that is not a leap year (in each case, unless the related Distribution Date is the final Distribution Date),
the Certificate Administrator, in respect of the Actual/360 Loans, shall deposit into the Interest Reserve Account, an amount
equal to one (1) day’s interest on the Stated Principal Balance of the Actual/360 Loans as of the Due Date occurring in
the month preceding the month in which Master Servicer Remittance Date occurs at the related Net Mortgage Rate, to the extent
a full Periodic Payment or P&I Advance is made in respect thereof (all amounts so deposited in any consecutive February and
January, “Withheld Amounts”).

 

(b)           
On each Master Servicer Remittance Date occurring in March (or February, if the related Distribution Date is the final Distribution
Date), the Certificate Administrator shall withdraw, from the Interest Reserve Account an amount equal to the Withheld Amounts
from the preceding January (if applicable) and February, if any, and deposit such amount into the Lower-Tier REMIC Distribution
Account or the Trust Subordinate Companion Loan REMIC Distribution Account, as applicable.

 

Section 3.22      
Directing Certificateholder and Operating Advisor Contact with Master Servicer and Special Servicer. Within a reasonable
time upon request from the Directing Certificateholder or the Operating Advisor, as applicable, and no more often than on a monthly
basis, each of the Master Servicer and the Special Servicer shall, without charge, make a knowledgeable Servicing Officer via
telephone available to verbally answer questions from (a) ((i) prior to the occurrence of a Consultation Termination
Event and (ii) other than with respect to any Excluded Loan) the Directing Certificateholder and (b) the Operating Advisor
(with respect to the Special Servicer only), regarding the performance and servicing of the Mortgage Loans, the Trust Subordinate
Companion Loan and/or REO Properties for which the Master Servicer or the Special Servicer, as the case may be, is responsible.
In connection with such telephonic meeting, and, at the Master Servicer’s or Special Servicer’s option, the Directing
Certificateholder shall execute an Investor Certification or confidentiality agreement satisfying the requirements of Section 3.13(f).

 

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Section 3.23      
Controlling Class Certificateholders, Directing Certificateholder and Risk Retention Consultation Parties; Certain Rights and
Powers of Directing Certificateholder and the Risk Retention Consultation Parties. (a)  Each Controlling Class Certificateholder
is hereby deemed to have agreed by virtue of its purchase of a Certificate to provide its name and address to the Certificate
Administrator and to notify the Master Servicer, the Certificate Administrator, the Special Servicer and the Operating Advisor
of the transfer of any Certificate of a Controlling Class by delivering a notice to each such Person substantially in the form
of Exhibit NN attached hereto, the selection of a Directing Certificateholder or the resignation or removal thereof.
The Directing Certificateholder is hereby deemed to have agreed by virtue of its purchase of a Certificate to notify the Master
Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Operating Advisor when such Certificateholder
is appointed Directing Certificateholder and when it is removed or resigns. To the extent there is only one Controlling Class
Certificateholder and it or its Affiliate is also the Special Servicer, it shall be the Directing Certificateholder.

 

On
the Closing Date, the initial Directing Certificateholder (other than the Loan-Specific Directing Certificateholder) shall execute
and deliver to the parties to this Agreement a certification substantially in the form of Exhibit P-1G to this Agreement.
Upon the resignation or removal of the existing Directing Certificateholder, any successor Directing Certificateholder shall deliver
a certification substantially in the form of Exhibit P-1G to this Agreement to each of the addressees therein prior to
being recognized as the new Directing Certificateholder. Upon the resignation or removal of any existing Risk Retention Consultation
Party, any successor Risk Retention Consultation Party shall execute and deliver a certification substantially in the form of
Exhibit P-1H to this Agreement prior to being recognized as the new Risk Retention Consultation Party. The parties hereto
shall be entitled to assume that the Risk Retention Consultation Parties have not changed absent such notice.

 

(b)           
Once a Directing Certificateholder has been selected, each of the Master Servicer, the Special Servicer, the Depositor, the Trustee,
the Certificate Administrator, the Operating Advisor and each other Certificateholder (or Certificate Owner, if applicable) shall
be entitled to rely on such selection unless the Controlling Class Certificateholders entitled to appoint the Directing Certificateholder,
by Certificate Balance, or such Directing Certificateholder shall have notified the Master Servicer, Special Servicer, the Trustee,
the Certificate Administrator, the Operating Advisor and each other Controlling Class Certificateholder, in writing, of the resignation
of such Directing Certificateholder or the selection of a new Directing Certificateholder. Upon the resignation of a Directing
Certificateholder, the Certificate Administrator shall request the Controlling Class Certificateholders to select a new Directing
Certificateholder. In the event that (i) the Master Servicer, the Certificate Administrator, the Special Servicer, the Trustee
or the Operating Advisor receives written notice from a majority of the Controlling Class Certificateholders that a Directing
Certificateholder is no longer designated and (ii) the Controlling Class Certificateholder that owns the largest aggregate
Certificate Balance of the Controlling Class (or a representative thereof) becomes the Directing Certificateholder pursuant to
the proviso of the definition of “Directing Certificateholder”, then the Controlling Class Certificateholder
that owns the largest aggregate Certificate Balance of the Controlling Class (or its representative) shall provide its name and
address to the Certificate Administrator and notify the Master Servicer, the Certificate Administrator, the Special Servicer,
the Trustee and the Operating

 

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Advisor that it is the new Directing Certificateholder; provided that the Master Servicer,
the Certificate Administrator, the Special Servicer, the Trustee and the Operating Advisor shall be entitled to rely on the written
notification provided by the purported Controlling Class Certificateholder that owns the largest aggregate Certificate Balance
of the Controlling Class without independently verifying that such Controlling Class Certificateholder actually owns the largest
aggregate Certificate Balance of the Controlling Class.

 

(c)            
Until it receives notice to the contrary, each of the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Trustee shall be entitled to rely on the most recent notification with respect to the identity of the
Controlling Class Certificateholder and the Directing Certificateholder.

 

Additionally,
once a successor Risk Retention Consultation Party has been selected, each of the Master Servicer, the Special Servicer, the Depositor,
the Trustee, the Certificate Administrator, the Operating Advisor and each other Certificateholder (or Certificate Owner, if applicable)
shall be entitled to rely on such selection unless the Holders of the VRR Interest entitled to appoint such Risk Retention Consultation
Party, by Certificate Balance, or the Risk Retention Consultation Party shall have notified the Master Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor and each other Holder of the VRR Interest, in writing, of the
selection of a new Risk Retention Consultation Party.

 

(d)           
In the event that no Directing Certificateholder has been appointed or identified to the Master Servicer or the Special Servicer,
as applicable, and the Master Servicer or Special Servicer, as applicable, has attempted to obtain such information from the Certificate
Administrator and no such entity has been identified to the Master Servicer or the Special Servicer, as applicable, then until
such time as the new Directing Certificateholder is identified, the Master Servicer or the Special Servicer, as applicable, shall
have no duty to consult with, provide notice to, or seek the approval or consent of any such Directing Certificateholder as the
case may be.

 

(e)            
Upon request, the Certificate Administrator shall deliver to the Depositor, Trustee, the Special Servicer, the Operating Advisor,
the Master Servicer and, prior to the occurrence of a Consultation Termination Event, the Directing Certificateholder, a list
of each Controlling Class Certificateholder and 225 Bush Loan-Specific Directing Certificateholder as reflected in the Certificate
Register, including names and addresses at the expense of the Trust. In addition to the foregoing, within five (5) Business Days
of receiving notice of the selection of a new Directing Certificateholder or the existence of a new Controlling Class Certificateholder
or 225 Bust Street Loan-Specific Directing Certificateholder, the Certificate Administrator shall notify the Trustee, the Operating
Advisor, the Master Servicer and the Special Servicer, and the Master Servicer shall notify each Non-Serviced Trustee, Non-Serviced
Master Servicer, Non-Serviced Special Servicer, Non-Serviced Certificate Administrator and Non-Serviced Operating Advisor. Notwithstanding
the foregoing, (a) KKR Real Estate Credit Opportunity Partners II L.P shall be the initial Directing Certificateholder and shall
remain so until a successor is appointed pursuant to the terms of this Agreement or until a Consultation Termination Event occurs
and (b) FMR LLC, an affiliate of Fidelity Management and Research shall be the initial 225 Bush Loan-Specific Directing Certificateholder
shall remain so until a successor is appointed pursuant to the terms of this Agreement or until a 225 Bush Control Appraisal Period
occurs.

 

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Until it receives notice
to the contrary, each of the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator and the
Trustee shall be entitled to rely on the preceding sentence with respect to the identity of the Directing Certificateholder.

 

(f)            
If to the extent the Certificate Administrator determines that a Class of Book-Entry Certificates is the Controlling Class,
the Certificate Administrator shall notify the related Certificateholders of such Class (through the Depository) of the Class becoming
the Controlling Class.

 

(g)           
Each Certificateholder acknowledges and agrees, by its acceptance of its Certificates, that: (i) the Directing Certificateholder
may have special relationships and interests that conflict with those of Holders of one or more Classes of Certificates; (ii) the
Directing Certificateholder may act solely in its interests or the interests of the Holders of the Controlling Class (or, in the
case of a Whole Loan, in the interest of one or more Companion Holders); (iii) the Directing Certificateholder does not have
any liability or duties to the Holders of any Class of Certificates other than the Controlling Class; (iv) the Directing Certificateholder
may take actions that favor its interests or the interests of the Holders of the Controlling Class (or, in the case of a Whole
Loan, in the interest of one or more Companion Holders) over the interests of the Holders of one or more other Classes of Certificates;
and (v) the Directing Certificateholder shall have no liability whatsoever (other than to a Controlling Class Certificateholder)
for having so acted, and no Certificateholder may take any action whatsoever against the Directing Certificateholder or any director,
officer, employee, agent or principal of the Directing Certificateholder for having so acted.

 

Each Certificateholder
acknowledges and agrees, by its acceptance of its Certificates, that: (i) the Risk Retention Consultation Parties may have special
relationships and interests that conflict with those of Holders of one or more Classes of Certificates; (ii) the Risk Retention
Consultation Parties may act solely in the interests of the Holders of the VRR Interest; (iii) the Risk Retention Consultation
Parties do not have any liability or duties to the Holders of any Class of Certificates; (iv) the Risk Retention Consultation Parties
may take actions that favor interests of the Holders of one or more Classes including the VRR Interest over the interests of the
Holders of one or more other Classes of Certificates; and (v) the Risk Retention Consultation Parties shall have no liability whatsoever
for having so acted as set forth in clauses (i) through (iv) above, and no Certificateholder may take any action
whatsoever against a Risk Retention Consultation Party or any director, officer, employee, agent or principal of a Risk Retention
Consultation Party for having so acted.

 

(h)           
All requirements of the Master Servicer and the Special Servicer to provide notices, reports, statements or other information
(including the access to information on a website) to the Directing Certificateholder contained in this Agreement shall also apply
to each Companion Holder with respect to information relating to the related Serviced Mortgage Loan or a Serviced Whole Loan, as
applicable; provided, however, that neither the Master Servicer nor the Special Servicer shall provide information
that comprises Privileged Information following the date upon which they receive notice that the Trust Subordinate Companion Loan
is subject to a 225 Bush Control Appraisal Period, and thereafter the Master Servicer and the Special Servicer shall only be required
to provide such Loan–Specific Directing Holder with such information as is expressly required to be delivered under the related
Intercreditor Agreement; provided,

 

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however, that nothing in this subsection (h) shall in any way eliminate
the obligation to deliver any information required to be delivered under the related Intercreditor Agreement.

 

(i)            
Until it receives notice to the contrary, each of the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee and the Operating Advisor shall be entitled to rely on the most recent notification with respect to the identity and
contact information of the Controlling Class Certificateholder, the Directing Certificateholder and any AB Whole Loan Controlling
Holder.

 

(j)            
With respect to a Serviced Whole Loan and any approval and consent rights in this Agreement with respect to such Serviced
Whole Loan, the related Serviced Whole Loan Controlling Holder shall exercise such rights in accordance with the related Intercreditor
Agreement.

 

(k)           
The Certificate Registrar shall determine which Class of Certificates is the then-current Controlling Class within two (2)
Business Days of a request from the Master Servicer, Special Servicer, Operating Advisor, Certificate Administrator, Trustee, or
any Certificateholder and provide such information to the requesting party.

 

(l)            
[Reserved].

 

(m)         
Promptly upon its determination of a change in the Controlling Class, the Certificate Administrator shall (i) include
on its statement made available pursuant to Section 4.02(a) of this Agreement the identity of the new Controlling Class
and (ii) provide to the Master Servicer, the Special Servicer and the Operating Advisor notice of such event and the identity
and contact information of the new Controlling Class Certificateholder (the cost of obtaining such information from DTC being an
expense of the Trust). The Certificate Administrator shall notify the Operating Advisor, the Master Servicer and the Special Servicer
within ten (10) Business Days of the existence or cessation of (i) any Control Termination Event, (ii) any Consultation
Termination Event or (iii) any Operating Advisor Consultation Event. Upon the Certificate Administrator’s determination that
a Control Termination Event, a Consultation Termination Event or an Operating Advisor Consultation Event has occurred or is terminated,
the Certificate Administrator shall, within ten (10) Business Days, post a “special notice” on the Certificate Administrator’s
Website pursuant to this provision.

 

In the event that a Control
Termination Event has occurred due to a reduction of the Certificate Balance of the Class F-RR Certificates (taking into account
the application of any Cumulative Appraisal Reduction Amounts to notionally reduce the Certificate Balance of such Class in accordance
with Section 4.05(a) hereof) to less than 25% of the Original Certificate Balance thereof, such special notice shall
state “A Control Termination Event has occurred due to the reduction of the Certificate Balance of the Class F-RR Certificates
to less than 25% of the Original Certificate Balance thereof.”

 

In the event that a Consultation
Termination Event has occurred due to the reduction of each Class of Control Eligible Certificates below 25% of its Original Certificate
Balance, in each case without regard to the application of any Cumulative Appraisal Reduction Amounts, such special notice shall
state: “A Consultation Termination Event has occurred

 

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because no Class of Control Eligible Certificates exists where such
Class’s aggregate Certificate Balance is at least equal to 25% of the Original Certificate Balance of that Class, in each
case without regard to the application of any Cumulative Appraisal Reduction Amounts.”

 

In the event that an
Operating Advisor Consultation Event has occurred due to the reduction of the aggregate Certificate Balance of the Class F-RR,
Class G-RR and Class NR-RR to 25% or below of the initial Certificate Balances of such Classes in the aggregate (taking into account
the application of any Cumulative Appraisal Reduction Amounts to notionally reduce the Certificate Balances of such Classes), such
special notice shall state: “An Operating Advisor Consultation Event has occurred because Certificate Balance of the Class
F-RR, Class G-RR and Class NR-RR Certificates in the agreement is 25% or less of the aggregate initial Certificate Balance of such
Classes (taking into account the application of any Cumulative Appraisal Reduction Amounts to notionally reduce the Certificate
Balances of such Classes).”

 

Section 3.24      
Intercreditor Agreements. (a)  Each of the Master Servicer and Special Servicer acknowledges and agrees
that each Serviced Whole Loan being serviced under this Agreement and each Mortgage Loan with mezzanine debt is subject to the
terms and provisions of the related Intercreditor Agreement and each agrees to service each such Serviced Whole Loan and each Mortgage
Loan with mezzanine debt in accordance with the related Intercreditor Agreement and this Agreement, including, without limitation,
effecting distributions and allocating reimbursement of expenses in accordance with the related Intercreditor Agreement and, in
the event of any conflict between the provisions of this Agreement and the related Intercreditor Agreement, the related Intercreditor
Agreement shall govern. Notwithstanding anything contrary in this Agreement, each of the Master Servicer and Special Servicer agrees
not to take any action with respect to a Serviced Whole Loan or a Mortgage Loan with mezzanine debt or the related Mortgaged Property
without the prior consent of the related Companion Holder or mezzanine lender, as applicable, to the extent that the related Intercreditor
Agreement provides that such Companion Holder or mezzanine lender, as applicable, is required or permitted to consent to such action.
Each of the Master Servicer and Special Servicer acknowledges and agrees that each Companion Holder and each mezzanine lender or
its respective designee has the right to purchase the related Mortgage Loan pursuant to the terms and conditions of this Agreement
and the related Intercreditor Agreement to the extent provided for therein. Each of the Master Servicer and the Special Servicer
further acknowledges and agrees that any AB Whole Loan Controlling Holder will have the right to replace the Special Servicer solely
with respect to the related Serviced AB Whole Loan, to the extent provided for herein and in the related Intercreditor Agreement.

 

(b)           
Neither the Master Servicer nor the Special Servicer shall have any liability for any cost, claim or damage that arises
from any entitlement in favor of a Companion Holder or a mezzanine lender under the related Intercreditor Agreement or conflict
between the terms of this Agreement and the terms of such Intercreditor Agreement. Notwithstanding any provision of any Intercreditor
Agreement that may otherwise require the Master Servicer or the Special Servicer to abide by any instruction or direction of a
Companion Holder or a mezzanine lender, neither the Master Servicer nor the Special Servicer shall be required to comply with any
instruction or direction the compliance with which requires an Advance that constitutes or would constitute a Nonrecoverable Advance.
In no event shall any expense arising from compliance with an Intercreditor Agreement constitute an expense to be borne by the
Master Servicer or

 

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Special Servicer for its own account without reimbursement. In no event shall the Master Servicer or the Special
Servicer be required to consult with or obtain the consent of any Companion Holder or a mezzanine lender unless such Companion
Holder or mezzanine lender has delivered notice of its identity and contact information to each of the parties to this Agreement
(upon which notice each of the parties to this Agreement shall be conclusively entitled to rely). As of the Closing Date, the contact
information for the Companion Holders and mezzanine lenders is as set forth in the related Intercreditor Agreement. In no event
shall the Master Servicer or the Special Servicer, as applicable, be required to consult with or obtain the consent of a new Directing
Certificateholder or a new Controlling Class Certificateholder unless the Certificate Administrator has delivered notice to the
Master Servicer or the Special Servicer, as applicable, as required under Section 3.23(e) or the Master Servicer or
Special Servicer, as applicable, have actual knowledge of the identity and contact information of a new Directing Certificateholder
or a new Controlling Class Certificateholder.

 

(c)           
No direction or disapproval of the Companion Holders or any mezzanine lender shall (a) require or cause the Master
Servicer or Special Servicer to violate the terms of a Mortgage Loan or Serviced Companion Loan, applicable law or any provision
of this Agreement, including the Master Servicer’s or Special Servicer’s obligation to act in accordance with the Servicing
Standard and to maintain the REMIC status of each Trust REMIC and the status of the Grantor Trust as a grantor trust, (b) result
in the imposition of a “prohibited transaction” or “prohibited contribution” tax under the REMIC Provisions
or (c) materially expand the scope of the Special Servicer’s, Trustee’s, the Certificate Administrator’s
or the Master Servicer’s responsibilities under this Agreement.

 

(d)           
With respect to any Serviced Pari Passu Companion Loan, notwithstanding any rights the Operating Advisor or the Directing
Certificateholder hereunder may have to consult with respect to any action or other matter with respect to the servicing of such
Companion Loan, to the extent the related Intercreditor Agreement provides that such right is exercisable by the related Companion
Holder or is exercisable in conjunction with any related Companion Holder, the Directing Certificateholder shall not be permitted
to exercise such right or, to the extent provided in the related Intercreditor Agreement, shall be required to exercise such right
in conjunction with the related Companion Holder, as applicable (except to the extent that the Directing Certificateholder is the
related Serviced Whole Loan Controlling Holder). Additionally, notwithstanding anything in this Agreement to the contrary, the
Master Servicer or Special Servicer, as applicable, shall consult, seek the approval or obtain the consent of the holder of any
Serviced Companion Loan with respect to any matters with respect to the servicing of such Companion Loan to the extent required
under related Intercreditor Agreement and shall not take such actions requiring consent of the related Companion Holder without
such consent. In addition, notwithstanding anything to the contrary, the Master Servicer or Special Servicer, as applicable, shall
deliver reports and notices to the related Companion Holder as required under the Intercreditor Agreement.

 

(e)           
Notwithstanding anything in this Agreement to the contrary, the Special Servicer shall be required (i) to provide copies
of any notice, information and report that it is required to provide to the Controlling Class Certificateholder pursuant to this
Agreement with respect to any Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report
relating to a Serviced Whole Loan, to the related Holder of a Serviced

 

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Pari Passu Companion Loan, within the same time frame it
is required to provide to the Controlling Class Certificateholder (for this purpose, without regard to whether such items are actually
required to be provided to the Controlling Class Certificateholder under this Agreement due to the occurrence of a Control Termination
Event or a Consultation Termination Event) and (ii) to consult with any related Holder of a Serviced Pari Passu Companion
Loan on a strictly non-binding basis, to the extent having received such notices, information and reports, such related Companion
Holder requests consultation with respect to any such Major Decisions or the implementation of any recommended actions outlined
in an Asset Status Report relating to a Serviced Whole Loan, and consider alternative actions recommended by such related Companion
Holder; provided that after the expiration of a period of ten (10) Business Days from the delivery to such related Companion
Holder by the Special Servicer of written notice of a proposed action, together with copies of the notice, information and report
required to be provided to the Controlling Class Certificateholder, the Special Servicer shall no longer be obligated to consult
with such related Companion Holder, whether or not such related Companion Holder has responded within such ten (10) Business Day
period (unless, the Special Servicer proposes a new course of action that is materially different from the action previously proposed,
in which case such ten (10) Business Day period shall be deemed to begin anew from the date of such proposal and delivery of all
information relating thereto). Notwithstanding the consultation rights of the related Holder of a Serviced Pari Passu Companion
Loan set forth in the immediately preceding sentence, the Special Servicer may make any Major Decision or take any action set forth
in the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period if the Special Servicer determines
that immediate action with respect thereto is necessary to protect the interests of the Certificateholders and the related Companion
Holder. In no event shall the Special Servicer be obligated at any time to follow or take any alternative actions recommended by
the related Companion Holder.

 

(f)           
In addition to the consultation rights of the holder of a Serviced Pari Passu Companion Loan provided in the immediately
preceding paragraph, such Companion Holder shall have the right to attend (in person or telephonically, in the discretion of the
Master Servicer or Special Servicer, as applicable) annual meetings with the Master Servicer or the Special Servicer at the offices
of the Master Servicer or Special Servicer, as applicable, upon reasonable notice and at times reasonably acceptable to the Master
Servicer or Special Servicer, as applicable, in which servicing issues related to the related Whole Loan are discussed.

 

(g)           
With respect to any Serviced Whole Loan, the Special Servicer shall not modify, waive or amend the terms of the related
Intercreditor Agreement such that the monthly remittance to the holder of the related Companion Loan is required earlier than two
(2) Business Days after receipt by the Master Servicer of the related Periodic Payment without the consent of the Master Servicer.

 

Section 3.25      
Rating Agency Confirmation. (a)  Notwithstanding the terms of any related Mortgage Loan documents or other
provisions of this Agreement, if any action under any Mortgage Loan documents or this Agreement requires Rating Agency Confirmation
as a condition precedent to such action, if the party (the “RAC Requesting Party”) required to obtain such Rating
Agency Confirmation from each Rating Agency has made a request to any Rating Agency for such Rating Agency Confirmation and, within
ten (10) Business Days of the Rating Agency Confirmation request being posted to the 17g-5 Information Provider’s Website,
such

 

 

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Rating Agency has not replied to such request or has responded in a manner that indicates that such Rating Agency is neither
reviewing such request nor waiving the requirement for Rating Agency Confirmation, then such RAC Requesting Party shall be required
to confirm (through direct communication and not by posting any confirmation on the 17g-5 Information Provider’s Website)
that the applicable Rating Agency has received the Rating Agency Confirmation request, and, if it has, promptly request the related
Rating Agency Confirmation again. The circumstances described in the preceding sentence are referred to in this Agreement as a
“RAC No-Response Scenario.” Once the RAC Requesting Party has sent a request for a Rating Agency Confirmation
to the 17g-5 Information Provider, such RAC Requesting Party, may, but shall not be obligated to send such request directly to
the Rating Agencies in accordance with the procedures set forth in Section 13.10(d).

 

If there is no response
to such Rating Agency Confirmation request within five (5) Business Days of such second request in a RAC No-Response Scenario or
if such Rating Agency has responded in a manner that indicates such Rating Agency is neither reviewing such request nor waiving
the requirement for Rating Agency Confirmation, then (x) with respect to any condition in any Mortgage Loan document requiring
such Rating Agency Confirmation or with respect to any other matter under this Agreement relating to the servicing of the Mortgage
Loans and the Trust Subordinate Companion Loan (other than as set forth in clause (y) below), the requirement to obtain
a Rating Agency Confirmation shall be deemed not to apply (as if such requirement did not exist) with respect to such Rating Agency
and the Master Servicer or the Special Servicer, as the case may be, may then take such action if the Master Servicer or the Special
Servicer, as applicable, confirms its original determination (made prior to making such request) that taking the action with respect
to which it requested the Rating Agency Confirmation would still be consistent with the Servicing Standard, and (y) with respect
to a replacement of the Master Servicer or Special Servicer, such condition shall be deemed not to apply (as if such requirement
did not exist) if (i) the applicable replacement master servicer or special servicer is rated at least “CMS3”
(in the case of the master servicer) or “CSS3” (in the case of the special servicer), if Fitch is the non-responding
Rating Agency, (ii) KBRA has not publicly cited servicing concerns of the applicable replacement master servicer or special
servicer, as applicable, as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement
on “watch status” in contemplation of a ratings downgrade or withdrawal) of securities in any other commercial mortgage-backed
securitization transaction serviced by the applicable replacement master servicer or special servicer prior to the time of determination,
if KBRA is the non-responding Rating Agency or (iii) it is listed on S&P’s Select Servicer List as a U.S. Commercial
Mortgage Master Servicer or U.S. Commercial Mortgage Special Servicer, as applicable, if S&P is the non-responding Rating Agency.

 

Any Rating Agency Confirmation
request made by the Master Servicer, Special Servicer, Certificate Administrator or Trustee, as applicable, pursuant to this Agreement,
shall be made in writing, which writing shall contain a cover page indicating the nature of the Rating Agency Confirmation request,
and shall contain all back-up material necessary for the Rating Agency to process such request. Such written Rating Agency Confirmation
request shall be provided in electronic format to the 17g-5 Information Provider, and the 17g-5 Information Provider shall post
such request on the 17g-5 Information Provider’s Website in accordance with Section 3.13(c).

 

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Promptly following the
Master Servicer’s or Special Servicer’s determination to take any action discussed in this Section 3.25(a)
following any requirement to obtain a Rating Agency Confirmation being deemed not to apply (as if such requirement did not exist),
the Master Servicer or Special Servicer, as applicable, shall provide electronic written notice to the 17g-5 Information Provider
of the action taken for the particular item at such time, and the 17g-5 Information Provider shall promptly post such notice on
the 17g-5 Information Provider’s Website in accordance with Section 3.13(c).

 

(b)           
Notwithstanding anything to the contrary in this Section 3.25, for purposes of the provisions of any Mortgage
Loan document relating to defeasance (including without limitation the type of collateral acceptable for use as defeasance collateral)
or release or substitution of any collateral, any Rating Agency Confirmation requirement in the Mortgage Loan documents for which
the Master Servicer or Special Servicer would have been permitted to waive obtaining or to make a determination with respect to
such Rating Agency Confirmation pursuant to Section 3.25(a) shall be deemed not to apply (as if such requirement did
not exist).

 

(c)           
For all other matters or actions not specifically discussed in Section 3.25(a) above, the applicable RAC Requesting
Party shall deliver Rating Agency Confirmation from each Rating Agency.

 

Section 3.26      
The Operating Advisor. (a)  The Operating Advisor shall review (i) the actions of the Special Servicer
with respect to any Specially Serviced Loan (as provided in Section 3.08(a), Section 3.08(b), Section 3.19(d),
this Section 3.26 and Section 6.08(a)), (ii) all reports by the Special Servicer made available to Privileged
Persons on the Certificate Administrator’s Website and (iii) each Asset Status Report (after the occurrence and during
the continuance of an Operating Advisor Consultation Event) and each Final Asset Status Report delivered to the Operating Advisor
by the Special Servicer. The Operating Advisor shall perform its duties hereunder in accordance with the Operating Advisor Standard.
For the avoidance of doubt, the Operating Advisor will have no obligation or responsibility at any time to review the actions of
the Master Servicer for compliance with the Servicing Standard. Except with respect to a waiver of the Operating Advisor Consulting
Fee by the Master Servicer pursuant to Section 3.26(i), the Operating Advisor will have no obligation or responsibility
at any time to consult with the Master Servicer.

 

(b)           
The Operating Advisor and its Affiliates will be obligated to keep confidential any information appropriately labeled as
“Privileged Information” received from the Special Servicer or Directing Certificateholder in connection with the Directing
Certificateholder’s exercise of its rights under this Agreement (including, without limitation, in connection with the review
and/or approval of any Asset Status Report or Final Asset Status Report), subject to any Privileged Information Exception or law,
rule, regulation, order, judgment or decree requiring the disclosure of such Privileged Information. Subject to the terms and conditions
in this Agreement related to Privileged Information, the Operating Advisor agrees that it shall use information received from the
Special Servicer pursuant to the terms of this Agreement solely for purposes of complying with its duties and obligations hereunder.

 

(c)           
(i)  Based on the Operating Advisor’s review of (i) any assessment of compliance report, attestation report,
and other information delivered to the Operating Advisor

 

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by the Special Servicer or made available
to Privileged Persons that are posted on the Certificate Administrator’s Website during the prior calendar year, (ii) prior
to the occurrence and continuance of an Operating Advisor Consultation Event, with respect to any Specially Serviced Loan, any
related Final Asset Status Report or Final Major Decision Reporting Package, and (iii) after the occurrence and during the
continuance of an Operating Advisor Consultation Event, any Asset Status Report and any Major Decision Reporting Package, the
Operating Advisor shall ((i) if any Mortgage Loans were Specially Serviced Loans at any time during the prior calendar year
or (ii) if an Operating Advisor Consultation Event occurred during the prior calendar year) deliver to the Certificate Administrator
and the 17g-5 Information Provider within one hundred twenty (120) days of the end of such prior calendar year, an annual report
(the “Operating Advisor Annual Report”), substantially in the form of Exhibit V (which form may
be modified or altered as to either its organization or content by the Operating Advisor, subject to compliance of such form with
the terms and provisions of this Agreement including, without limitation, provisions herein relating to Privileged Information;
provided, however, that in no event shall the information or any other content included in the Operating Advisor
Annual Report contravene any provision of this Agreement), setting forth whether the Operating Advisor believes, in its sole discretion
exercised in good faith, that the Special Servicer is operating in compliance with the Servicing Standard with respect to its
performance of its duties pursuant to this Agreement with respect to Specially Serviced Loans (and, after the occurrence and during
the continuance of an Operating Advisor Consultation Event, with respect to Major Decisions on Non-Specially Serviced Loans) during
the prior calendar year on a Trust-Level Basis and identifying (1) which, if any, standards the Operating Advisor believes, in
its sole discretion exercised in good faith, the Special Servicer has failed to comply and (2) any material deviations from the
Special Servicer’s obligations hereunder with respect to the resolution or liquidation of any Specially Serviced Loan or
REO Property (other than with respect to any REO Property related to any Non-Serviced Mortgage Loan); provided, further,
however, that in the event the Special Servicer is replaced, the Operating Advisor Annual Report shall only relate to the
special servicer that was acting as Special Servicer as of December 31 in the prior calendar year and is continuing in such capacity
through the date of such Operating Advisor Annual Report; provided, further, that the Operating Advisor shall prepare
a separate Operating Advisor Annual Report relating to each Excluded Special Servicer and any Excluded Special Servicer Loan(s)
serviced by such Excluded Special Servicer. In preparing any Operating Advisor Annual Report, the Operating Advisor shall not
be required to (i) report on instances of non-compliance with, or deviations from, the Servicing Standard or the Special Servicer’s
obligations under this Agreement that the Operating Advisor determines, in its sole discretion exercised in good faith, to be
immaterial or (ii) provide or obtain a legal opinion, legal review or legal conclusion. Subject to the restrictions in this Agreement,
each such Operating Advisor Annual Report shall (A) identify any material deviations (i) from the Servicing Standard
and (ii) from the Special Servicer’s obligations under this Agreement with respect to the resolution or liquidation
of Specially Serviced Loans or REO Properties that the Special Servicer is responsible for servicing under this Agreement (other
than with respect to any REO Property related to a Non-Serviced Mortgage Loan) and (B) comply with all of the confidentiality
requirements described in this Agreement regarding Privileged Information (subject to any permitted exceptions). Subject to the
restrictions in this Agreement, including, without limitation, Section 3.26(d) hereof, each such Operating Advisor
Annual Report shall (A) identify any material deviations (i) from the Servicing Standard and (ii) from the Special
Servicer’s obligations under this Agreement with respect to the resolution or

 

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liquidation of Specially Serviced Loans
or REO Properties that the Special Servicer is responsible for servicing under this Agreement (other than with respect to any
REO Property related to a Non-Serviced Mortgage Loan) and (B) comply with all of the confidentiality requirements described
in this Agreement regarding Privileged Information (subject to any permitted exceptions). Such Operating Advisor Annual Report
shall be delivered to the Certificate Administrator (which shall promptly post such Operating Advisor Annual Report on the Certificate
Administrator’s Website in accordance with Section 3.13(b)) and the 17g-5 Information Provider (which shall
promptly post such Operating Advisor Annual Report on the 17g-5 Information Provider’s Website in accordance with Section 3.13(c));
provided, however, that the Special Servicer shall be given an opportunity to review the Operating Advisor Annual
Report at least five (5) business days prior to such annual report’s delivery to the Certificate Administrator and the 17g-5
Information Provider. The Operating Advisor shall have no obligation to adopt any comments to the Operating Advisor Annual Report
that are provided by the Special Servicer.

 

(ii)           
In the event the Operating Advisor’s ability to perform its obligations in respect of the Operating Advisor Annual
Report is limited or prohibited due to the failure of a party hereto to timely deliver information required to be delivered to
the Operating Advisor or because such information is inaccurate or incomplete, the Operating Advisor shall set forth such limitations
or prohibitions in the related Operating Advisor Annual Report, and the Operating Advisor shall not be subject to any liability
arising from such limitations or prohibitions. The Operating Advisor shall be entitled to conclusively rely on the accuracy and
completeness of any information it is provided without liability for such reliance thereon.

 

(d)           
[Reserved].

 

(e)           
(i)  With respect to any Mortgage Loan or Serviced Whole Loan, after the calculation (and if an Operating Advisor
Consultation Event has occurred and is continuing, prior to the utilization by the Special Servicer) of any of the calculations
related to net present value in accordance with Section 1.02(iv), the Special Servicer shall forward such calculations,
together with any supporting material or additional information necessary in support thereof (including such additional information
reasonably requested by the Operating Advisor to confirm the mathematical accuracy of such calculations, but not including any
Privileged Communications), to the Operating Advisor promptly, but in any event no later than two (2) Business Days after preparing
such calculations, and the Operating Advisor shall promptly, but no later than three (3) Business Days after receipt of such calculations
and any supporting or additional materials, recalculate and review for accuracy and consistency with this Agreement the mathematical
calculations and the corresponding application of the non-discretionary portion of the applicable formulas required to be utilized
in connection with any such calculation.

 

(ii)           
In connection with this Section 3.26(d), in the event the Operating Advisor does not agree with the mathematical
calculations of the net present value or the application of the applicable non-discretionary portions of the formula required to
be utilized for such calculation, the Operating Advisor and the Special Servicer shall consult with each other in order to resolve
any material inaccuracy in the mathematical calculations or the application of the non-discretionary portions of the related formula
in

 

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arriving at those mathematical calculations or any disagreement within five (5) Business Days of delivery of such calculations.
In the event the Operating Advisor and the Special Servicer are not able to resolve such inaccuracies or disagreement prior to
the end of such five (5) Business Day period, the Operating Advisor shall promptly notify the Certificate Administrator of such
disagreement and the Certificate Administrator shall examine the calculations and supporting materials provided by the Operating
Advisor and the Special Servicer and determine which calculation is to apply (and shall provide prompt written notice of such determination
to the Operating Advisor and the Special Servicer).

 

(f)           
Notwithstanding the foregoing, and prior to the occurrence and continuance of an Operating Advisor Consultation Event, the
Operating Advisor’s review will be limited to an after-the-action review of any assessment of compliance, attestation report,
Final Major Decision Reporting Package, Final Asset Status Report and other information delivered to the Operating Advisor by the
Special Servicer or made available to Privileged Persons that are posted on the Certificate Administrator’s Website during
the prior calendar year (together with any additional information and material reviewed by the Operating Advisor), and, therefore,
it shall have no involvement with respect to collateral substitutions, assignments, workouts, modifications, consents, waivers,
insurance policies, mortgagor substitutions, lease changes, additional borrower debt, defeasances, property management changes,
releases from escrow, assumptions or other similar actions that the Special Servicer may perform under this Agreement and will
have no obligations at any time with respect to any Non-Serviced Mortgage Loan. In addition, with respect to the Operating Advisor’s
review of net present value calculations as required in Section 3.26(d) above, the Operating Advisor’s recalculation
shall not take into account the reasonableness of Special Servicer’s property and borrower performance assumptions or other
similar discretionary portions of the net present value calculation.

 

(g)          
The Operating Advisor and its Affiliates shall keep all information appropriately labeled as “Privileged Information”
confidential and shall not disclose such information to any other Person (including any Certificateholders other than the Directing
Certificateholder), other than (1) to a party hereto, to the extent expressly set forth herein with a notice indicating that such
information is Privileged Information, (2) pursuant to a Privileged Information Exception or (3) where necessary to support specific
findings or conclusions concerning allegations of deviations from the Servicing Standard (i) in the Operating Advisor Annual Report
or (ii) in connection with a recommendation by the Operating Advisor to replace the Special Servicer. Each party to this Agreement
that receives Privileged Information shall not disclose such Privileged Information to any other Person without the prior written
consent of the Special Servicer and, unless a Consultation Termination Event has occurred, the Directing Certificateholder (with
respect to any Mortgage Loan other than any Non-Serviced Mortgage Loan and any Excluded Loan) other than pursuant to a Privileged
Information Exception or under circumstances described in this Section 3.26(g). In addition and for the avoidance of doubt,
while the Operating Advisor may serve in a similar capacity with respect to Other Securitizations that involve the same parties
or borrower involved in this securitization, the knowledge of the employees performing operating advisor functions for such Other
Securitizations are not imputed to different employees of the Operating Advisor performing the obligations hereunder. Notwithstanding
the foregoing, the Operating Advisor shall be permitted to share Privileged Information with its Affiliates and any subcontractors
of the Operating

 

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Advisor that agree in writing to be bound by the same confidentiality provisions applicable to the Operating Advisor.

 

(h)           
Subject to the requirements of confidentiality imposed on the Operating Advisor herein (including without limitation in
respect of Privileged Information), the Operating Advisor shall respond to Inquiries proposed by Privileged Persons from time to
time in accordance with the terms of Section 4.07(a).

 

(i)            
As compensation for its activities hereunder, the Operating Advisor shall be entitled to receive the Operating Advisor Fee
on each Distribution Date with respect to each Mortgage Loan (excluding the Non-Serviced Mortgage Loans, the Servicing Shift Loans
and any Companion Loan) or each REO Loan. As to each Mortgage Loan and each REO Loan, the Operating Advisor Fee shall accrue from
time to time at the Operating Advisor Fee Rate and shall be computed on the basis of the Stated Principal Balance of such Mortgage
Loan or REO Loan, as the case may be, and in the same manner as interest is calculated on the related Mortgage Loan or REO Loan,
as the case may be, and, in connection with any partial month interest payment, for the same period respecting which any related
interest payment due on the related Mortgage Loan or deemed to be due on such REO Loan is computed.

 

The Operating Advisor
shall be entitled to reimbursement of any Operating Advisor Expenses provided for pursuant to Section 6.04(a) and/or
6.04(b) hereof, such amounts to be reimbursed from amounts on deposit in the Collection Account as provided by Section 3.05(a).
Each successor Operating Advisor shall be required to acknowledge and agree to the terms of the preceding sentence.

 

In addition, the Operating
Advisor Consulting Fee shall be payable to the Operating Advisor with respect to each Major Decision for which the Operating Advisor
has consultation obligations hereunder. The Operating Advisor Consulting Fee shall be payable from funds on deposit in the Collection
Account as provided in Section 3.05(a)(ii) of this Agreement, but only to the extent such Operating Advisor Consulting
Fee is actually received from the related Mortgagor. When the Operating Advisor has consultation obligations with respect to a
Major Decision under this Agreement, the Master Servicer or the Special Servicer, as applicable, processing the related Major Decision
shall use efforts consistent with the Servicing Standard to collect the applicable Operating Advisor Consulting Fee from the related
Mortgagor in connection with such Major Decision, but only to the extent not prohibited by the related Mortgage Loan documents.
The Master Servicer or Special Servicer, as applicable, may waive or reduce the amount of any Operating Advisor Consulting Fee
payable by the related Mortgagor if it determines that such full or partial waiver is in accordance with the Servicing Standard,
but in no event shall the Master Servicer or the Special Servicer take any enforcement action with respect to the collection of
such Operating Advisor Consulting Fee other than requests for collection; provided that the Master Servicer or the Special
Servicer, as applicable, shall consult, on a non-binding basis, with the Operating Advisor prior to any such waiver or reduction.
Notwithstanding the foregoing, the Operating Advisor shall have no obligations or consultation rights as Operating Advisor with
respect to any Non-Serviced Whole Loan or any related REO Property; provided, further, that the Operating Advisor
shall not be entitled to an Operating Advisor Consulting Fee with respect to any Non-Serviced Whole Loan.

 

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(j)            
After the occurrence of a Consultation Termination Event, the Operating Advisor may be removed upon (i) the written
direction of Holders of Certificates evidencing not less than 25% of the Pooled Voting Rights (taking into account the application
of Appraisal Reduction Amounts to notionally reduce the Certificate Balances of Classes to which such Appraisal Reduction Amounts
are allocable) requesting a vote to replace the Operating Advisor with a replacement Operating Advisor selected by such Certificateholders
(provided that the proposed replacement Operating Advisor is an Eligible Operating Advisor) and (ii) payment by such
requesting Holders to the Certificate Administrator of all reasonable fees and expenses to be incurred by the Certificate Administrator
in connection with administering such vote and (iii) receipt by the Trustee and the Certificate Administrator of Rating Agency
Confirmation from each Rating Agency (which confirmations will be obtained by the Certificate Administrator at the expense of such
Holders and will not constitute an additional expense of the Trust). The Certificate Administrator shall promptly provide written
notice to all Certificateholders of such request by posting such notice on the Certificate Administrator’s Website in accordance
with Section 3.13(b), and concurrently by mail conduct the solicitation of votes of all Certificates in such regard.
Upon the vote or written direction of Holders of a majority of the aggregate Certificate Balance of all Classes of Pooled Principal
Balance Certificates (taking into account the application of Appraisal Reduction Amounts to notionally reduce the Certificate Balances
of Classes to which such Appraisal Reduction Amounts are allocable), the Trustee shall immediately replace the Operating Advisor
with the replacement Operating Advisor.

 

(k)           
After the occurrence of an Operating Advisor Termination Event, the Trustee may, and upon the written direction of Certificateholders
representing at least 25% of the Pooled Voting Rights (taking into account the application of any Appraisal Reduction Amounts to
notionally reduce the Certificate Balance of the Classes of Certificates), the Trustee shall promptly terminate the Operating Advisor
for cause and appoint a replacement Operating Advisor that is an Eligible Operating Advisor; provided that no such termination
shall be effective until a successor Operating Advisor has been appointed and has assumed all of the obligations of the Operating
Advisor under this Agreement. The Trustee may rely on a certification by the replacement Operating Advisor that it is an Eligible
Operating Advisor. Upon any termination of the Operating Advisor and appointment of a successor to the Operating Advisor, the Trustee
will, as soon as possible, be required to give written notice of the termination and appointment to the Special Servicer, the Master
Servicer, the Certificate Administrator, the 17g-5 Information Provider, the Depositor, the Directing Certificateholder for any
Mortgage Loan other than an Excluded Loan (but only if no Control Termination Event or Consultation Termination Event has occurred),
any Companion Holder and the Certificateholders. Notwithstanding the foregoing, if the Trustee is unable to find a successor operating
advisor within thirty (30) days of the termination of the Operating Advisor, the Depositor shall be permitted to find a replacement.
The Trustee shall not be liable for any failure to identify and appoint a successor operating advisor so long as the Trustee uses
commercially reasonable efforts to conduct a search for a successor operating advisor and such failure is not a result of the Trustee’s
negligence, bad faith or willful misconduct in the performance of its obligations hereunder.

 

(l)            
The holders of Certificates representing at least 25% of the Pooled Voting Rights affected by any Operating Advisor Termination
Event hereunder may waive such Operating Advisor Termination Event within twenty (20) days of the receipt of notice from the

 

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Certificate
Administrator of the occurrence of such Operating Advisor Termination Event. Upon any such waiver of an Operating Advisor Termination
Event, such Operating Advisor Termination Event shall cease to exist and shall be deemed to have been remedied for every purpose
hereunder. Upon any such waiver of an Operating Advisor Termination Event by Certificateholders, the Trustee and the Certificate
Administrator shall be entitled to recover all costs and expenses incurred by it in connection with enforcement action taken with
respect to such Operating Advisor Termination Event prior to such waiver from the Trust.

 

(m)          
Prior to the occurrence and continuance of a Control Termination Event, the Directing Certificateholder shall have the right
to consent, such consent not to be unreasonably withheld, conditioned or delayed, to the identity of any replacement Operating
Advisor appointed pursuant to this Section 3.26; provided, further, that such consent will be deemed
to have been granted if no objection is made within ten (10) Business Days following the Directing Certificateholder’s
receipt of the request for consent and, if granted or deemed granted, such consent cannot thereafter be revoked or withdrawn.

 

(n)           
The Operating Advisor may resign from its obligations and duties hereby imposed on it (a) upon thirty (30) days’
prior written notice to the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the
Asset Representations Reviewer, the Risk Retention Consultation Parties and the Directing Certificateholder, if applicable, and
(b) upon the appointment of, and the acceptance of such appointment by, a successor Operating Advisor that is an Eligible
Operating Advisor and receipt by the Trustee of Rating Agency Confirmation from each Rating Agency. If no successor operating advisor
has been so appointed and accepted the appointment within thirty (30) days after the notice of resignation, the resigning Operating
Advisor may petition any court of competent jurisdiction for the appointment of a successor operating advisor that is an Eligible
Operating Advisor. No such resignation by the Operating Advisor shall become effective until the replacement Operating Advisor
shall have assumed the resigning Operating Advisor’s responsibilities and obligations. The resigning Operating Advisor shall
pay all costs and expenses (including costs and expenses incurred by the Trustee and the Certificate Administrator) associated
with a transfer of its duties pursuant to this Section 3.26.

 

(o)           
[Reserved].

 

(p)           
In the event the Operating Advisor resigns or is otherwise terminated for any reason it shall remain entitled to any accrued
and unpaid Operating Advisor Fees and Operating Advisor Consulting Fees and reimbursement of accrued and unpaid Operating Advisor
Expenses pursuant to Section 3.26(i) and shall also remain entitled to any rights of indemnification provided hereunder.

 

(q)           
The parties hereto agree, and the Certificateholders by their acceptance of their Certificates shall be deemed to have agreed,
that (i) subject to Section 6.04, the Operating Advisor shall have no liability to any Certificateholder for any
actions taken or for refraining from taking any actions under this Agreement, (ii) the Operating Advisor shall act solely
as a contracting party to the extent set forth in this Agreement, (iii) the Operating Advisor shall have no (A) fiduciary
duty, or (B) other duty except with respect to its specific obligations under this Agreement, and shall have no duty to any
particular Class of Certificates or particular

 

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Certificateholders or any third party, and (iv) the Operating Advisor does
not constitute an “investment adviser” within the meaning of the Investment Advisers Act of 1940, as amended.

 

(r)           
With respect to the determination of whether an Operating Advisor Consultation Event has occurred and is continuing, or
has terminated, the Operating Advisor shall be entitled to rely solely on its receipt from the Certificate Administrator of notice
thereof pursuant to Section 3.23(m) of this Agreement, and, with respect to any obligations of the Operating Advisor
that are performed only after the occurrence and during the continuance of an Operating Advisor Consultation Event, the Operating
Advisor shall have no obligation to perform any such duties until the receipt of such notice.

 

Section 3.27      
Companion Paying Agent. (a)  With respect to each of the Serviced Companion Loans (other than the Trust
Subordinate Companion Loan), the Master Servicer shall be the Companion Paying Agent hereunder. The Companion Paying Agent undertakes
to perform such duties and only such duties as are specifically set forth in this Agreement.

 

(b)           
No provision of this Agreement shall be construed to relieve the Companion Paying Agent from liability for its negligent
failure to act, bad faith or its own willful misfeasance; provided, however, that the duties and obligations of the
Companion Paying Agent shall be determined solely by the express provisions of this Agreement. The Companion Paying Agent shall
not be liable except for the performance of such duties and obligations, no implied covenants or obligations shall be read into
this Agreement against the Companion Paying Agent. In the absence of bad faith on the part of the Companion Paying Agent, the Companion
Paying Agent may conclusively rely, as to the truth and correctness of the statements or conclusions expressed therein, upon any
resolutions, certificates, statements, opinions, reports, documents, orders or other instrument furnished to the Companion Paying
Agent by any Person and which on their face do not contradict the requirements of this Agreement.

 

(c)           
In the case of each of the Serviced Companion Loans (other than the Trust Subordinate Companion Loan), upon the resignation
or removal of the Master Servicer pursuant to Article VII of this Agreement, the Master Servicer, as the Companion
Paying Agent, shall be deemed simultaneously to resign or be removed.

 

(d)           
This Section 3.27 shall survive the termination of this Agreement or the resignation or removal of the Companion
Paying Agent, as regards to rights accrued prior to such resignation or removal.

 

Section 3.28      
Companion Register. The Companion Paying Agent shall maintain a register (the “Companion Register”)
with respect to each Serviced Companion Loan (other than the Trust Subordinate Companion Loan) on which it will record the names
and address of, and wire transfer instructions for, the Companion Holders from time to time, to the extent such information is
provided in writing to it by each Companion Holder. The initial Companion Holders, along with their respective name and address,
are listed on Exhibit S hereto. In the event a Companion Holder transfers a Companion Loan without notice to the Companion
Paying Agent, the Companion Paying Agent shall have no liability for any misdirected payment in such Companion Loan and shall have
no obligation to recover and redirect such payment.

 

 

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The Companion Paying
Agent shall promptly provide the name and address of the Companion Holder to any party hereto or any successor Companion Holder
upon written request and any such Person may, without further investigation, conclusively rely upon such information. The Companion
Paying Agent shall have no liability to any Person for the provision of any such name and address.

 

For the avoidance of
doubt, unless specifically provided to the contrary in the related Intercreditor Agreement or this Agreement: (x) any notices,
reports or other information required to be delivered pursuant to this Agreement by any party hereto to a Serviced Companion Holder
with respect to a Companion Loan that has been included in an Other Securitization shall be provided to the Other Servicer under
the Other Pooling and Servicing Agreement; and (y) any notices, reports or other information required to be delivered pursuant
to this Agreement by any party hereto to a holder of a Non-Serviced Companion Loan shall be provided to the applicable Non-Serviced
Master Servicer under the related Non-Serviced PSA.

 

Section 3.29      
Certain Matters Relating to the Non-Serviced Mortgage Loans. (a)  In the event that any of the applicable
Non-Serviced Trustee, the applicable Non-Serviced Master Servicer or the applicable Non-Serviced Special Servicer shall be replaced
in accordance with the terms of the applicable Non-Serviced PSA, the Master Servicer and the Special Servicer shall acknowledge
its successor as the successor to the applicable Non-Serviced Trustee, the applicable Non-Serviced Master Servicer or the applicable
Non-Serviced Special Servicer, as the case may be.

 

(b)           
If any of the Trustee, the Certificate Administrator or the Master Servicer receives notice from a Rating Agency that the
Master Servicer is no longer an “approved” master servicer by any of the Rating Agencies rating the Certificates, then
the Trustee, the Certificate Administrator or the Master Servicer, as applicable, shall promptly notify each Non-Serviced Master
Servicer of the same.

 

(c)           
In connection with the securitization of each Serviced Pari Passu Companion Loan, (in each case, only while it is a Serviced
Companion Loan), upon the request of (and at the expense of) the related Serviced Companion Noteholder (or its designee), each
of the Master Servicer, the Special Servicer and the Trustee, as applicable, shall use reasonable efforts to cooperate with such
Serviced Companion Noteholder in attempting to cause the related Mortgagor to provide information relating to such Whole Loan and
the related notes, and that such holder reasonably determines to be necessary or appropriate, for inclusion in any disclosure document(s)
relating to such Other Securitization.

 

(d)           
In connection with the sale of any Non-Serviced Whole Loan by any Non-Serviced Special Servicer, upon receipt of any notices
or materials required to be furnished by such Non-Serviced Special Servicer to the holder of the related Non-Serviced Mortgage
Loan pursuant to the related Intercreditor Agreement, the Special Servicer shall, prior to the occurrence and continuance of a
Control Termination Event, forward such materials to the Directing Certificateholder for its consent, if such consent is required.
The Special Servicer may (with the consent of the Directing Certificateholder prior to the occurrence and continuance of a Control
Termination Event) waive any timing or delivery requirements related to such sale to the extent set forth in the related Intercreditor
Agreement.

 

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(e)            
With respect to any Non-Serviced Mortgage Loan or Servicing Shift Mortgage Loan, the Directing Certificateholder, prior
to the occurrence and continuance of a Consultation Termination Event, or the Operating Advisor, following the occurrence and during
the continuance of a Consultation Termination Event, shall be entitled to exercise any consultation rights held by the holder of
such Mortgage Loan in its capacity as a “Non-Controlling Note Holder” (or similar term identified in the related Intercreditor
Agreement) under the related Intercreditor Agreement.

 

(f)            
With respect to the servicing of each Non-Serviced Mortgage Loan, this Agreement is subject to the related Intercreditor
Agreement and incorporates by reference all provisions required to be included herein pursuant to such Intercreditor Agreement.

 

(g)           
With respect to each Whole Loan, if any Serviced Companion Loan becomes the subject of an “asset review” (or
such analogous term defined in the related Other Pooling and Servicing Agreement) pursuant to the related Other Pooling and Servicing
Agreement, the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate with the Other Asset
Representations Reviewer or any other party to the Other Pooling and Servicing Agreement in connection with such Asset Review by
providing the Other Asset Representations Reviewer or such other requesting party with any documents reasonably requested by the
Other Asset Representations Reviewer or such other requesting party, but only to the extent such documents are in the possession
of the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be.

 

(h)           
On each Servicing Shift Securitization Date, (i) the Custodian shall, upon receipt of a Request for Release transfer the
related Mortgage File (other than the note(s) designating the related Servicing Shift Mortgage Loan), the original of which shall
be retained by the Custodian) for the related Servicing Shift Whole Loan to the related Non-Serviced Trustee under the related
Non-Serviced PSA and retain a copy of such Mortgage File and (ii) the Master Servicer shall, upon receipt of notice from the applicable
Mortgage Loan Seller that the applicable Servicing Shift Lead Note has been or is being securitized on the related Servicing Shift
Securitization Date, transfer (and cooperate with reasonable requests in connection with such transfer of) the Servicing File for
the related Servicing Shift Whole Loan, and any Escrow Payments, reserve funds and originals of items specified in clauses (x)
and (xii) of the definition of Mortgage File for the related Servicing Shift Whole Loan, to the related Non-Serviced Master Servicer
on the related Servicing Shift Securitization Date.

 

Upon receipt of notice
from the applicable Mortgage Loan Seller that the applicable Servicing Shift Lead Note has been or is being securitized on the
related Servicing Shift Securitization Date, the Master Servicer shall provide the Custodian with a Request for Release of the
Mortgage File on the related Servicing Shift Securitization Date and transfer (and cooperate with reasonable requests in connection
with such transfer of) the Servicing File to the related Non-Serviced Master Servicer identified to it pursuant to the related
notice from the related Mortgage Loan Seller on the related Servicing Shift Securitization Date.

 

Promptly upon any change
in the identity of the Master Servicer, the successor master servicer shall deliver notice of such change (together with the contact
information of such successor Master Servicer) to each Non-Serviced Trustee, Non-Serviced Certificate

 

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Administrator, Non-Serviced
Special Servicer, Non-Serviced Master Servicer and Non-Serviced Operating Advisor.

 

Section 3.30      
[Reserved].

 

Section 3.31      
Resignation Upon Prohibited Risk Retention Affiliation. Unless the Depositor has determined, following a modification,
waiver or amendment to the Risk Retention Rule, that the following affiliations are not prohibited pursuant to the then current
Risk Retention Rule, upon the occurrence of (i) a Servicing Officer of the Master Servicer or a Responsible Officer of the Certificate
Administrator or the Trustee, as applicable, obtaining actual knowledge that the Master Servicer, the Certificate Administrator
or the Trustee, as applicable, is or has become a Risk Retention Affiliate of the Third Party Purchaser (in each case, an “Impermissible
TPP Affiliate”), (ii) the Master Servicer, the Certificate Administrator or the Trustee receiving written notice by any
other party to this Agreement, the Third Party Purchaser, the Retaining Sponsor or any Underwriter or Initial Purchaser that the
Master Servicer, the Certificate Administrator or the Trustee, as applicable, is or has become an Impermissible TPP Affiliate,
or (iii) an officer or manager of the Operating Advisor or the Asset Representations Reviewer that is responsible for performing
the duties of the Operating Advisor or the Asset Representations Reviewer obtaining actual knowledge that it is or has become a
Risk Retention Affiliate of the Third Party Purchaser or any other party to this Agreement (in each case, an “Impermissible
Operating Advisor Affiliate” or “Impermissible Asset Representations Reviewer Affiliate”, respectively;
and each of an Impermissible TPP Affiliate, an Impermissible Operating Advisor Affiliate and an Impermissible Asset Representations
Reviewer Affiliate being an “Impermissible Risk Retention Affiliate”), then in each such case the Impermissible
Risk Retention Affiliate shall be required to promptly notify the Retaining Sponsor and the other parties to this Agreement and
resign in accordance with Section 3.26, Section 6.05, Section 7.03, Section 8.07
or Section 12.03, as applicable. The resigning Impermissible Risk Retention Affiliate will be required to bear all
reasonable out-of-pocket costs and expenses of each other party to this Agreement, the Trust and each Rating Agency in connection
with such resignation as and to the extent required under this Agreement; provided, however, if the affiliation causing
an Impermissible Risk Retention Affiliate is the result of the Third Party Purchaser acquiring an interest in such Impermissible
Risk Retention Affiliate or an affiliate of such Impermissible Risk Retention Affiliate, then such costs and expenses will be an
expense of the Trust.

 

Section 3.32      
Delivery of Excluded Information to the Certificate Administrator. (a) Any Excluded Information that the Master
Servicer, the Special Servicer or the Operating Advisor identifies and delivers to the Certificate Administrator for posting to
the Certificate Administrator’s Website shall be delivered to the Certificate Administrator via e-mail (or such other electronic
means as is mutually acceptable to the parties) in one or more separate files labeled “Excluded Information” followed
by the applicable loan name and loan file to cmbsexcludedinformation@wellsfargo.com. For the avoidance of doubt, any information
that is not appropriately labeled and delivered in accordance with this Section 3.32(a) shall not be separately posted
as Excluded Information on the Certificate Administrator’s Website, and any information appropriately labeled and delivered
to the Certificate Administrator pursuant to this Section 3.32(a) shall be posted on the Certificate Administrator’s
Website under the “Excluded Information” section, as provided under Section 3.13. When so posted, the Excluded
Controlling

 

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Class Holders shall be prohibited from the access of Excluded Information with respect to any Excluded Controlling
Class Loans on the Certificate Administrator’s Website (unless a loan-by-loan segregation is later performed by the Certificate
Administrator in which case such access shall only be prohibited with respect to the related Excluded Controlling Class Loans).
None of the Master Servicer, the Special Servicer or the Operating Advisor shall have any obligations to separately label and deliver
any Excluded Information in accordance with this Section 3.32(a) until such party has received written notice with
respect to the related Excluded Controlling Class Loan in the form of Exhibit P-1E to this Agreement. Nothing set forth
in this Agreement shall prohibit the Directing Certificateholder, any Controlling Class Certificateholder or any 225 Bush Controlling
Class Certificateholder from receiving, requesting or reviewing any Excluded Information relating to any Excluded Controlling Class
Loan with respect to which the Directing Certificateholder, such Controlling Class Certificateholder or such 225 Bush Controlling
Class Certificateholder is not a Borrower Party and, if such Excluded Information is not available to such Excluded Controlling
Class Holder on the Certificate Administrator’s Website on account of it constituting Excluded Information, such Directing
Certificateholder, Controlling Class Certificateholder or such 225 Bush Controlling Class Certificateholder that is not a Borrower
Party with respect to the related Excluded Controlling Class Loan shall be permitted to reasonably request and obtain such information
in accordance with Section 3.13(a).

 

(b)           
Nothing set forth in this Agreement shall prohibit the Directing Certificateholder, any Controlling Class Certificateholder
or any 225 Bush Controlling Class Certificateholder from receiving, requesting or reviewing any Excluded Information relating to
any Excluded Controlling Class Loan with respect to which the Directing Certificateholder or such Controlling Class Certificateholder
is not a Borrower Party and, if such Excluded Information is not available to such Excluded Controlling Class Holder via the Certificate
Administrator’s Website, such Directing Certificateholder, Controlling Class Certificateholder or 225 Bush Controlling Class
Certificateholder that is not a Borrower Party with respect to the related Excluded Controlling Class Loan shall be permitted to
reasonably request and obtain such information in accordance with Section 3.13(a) and Section 4.02(f) of
this Agreement.

 

Section 3.33      
[Reserved].

 

Section 3.34      
Trust Subordinate Companion Loan. (a) With respect to the Trust Subordinate Companion Loan, references to actions
being taken for the benefit of the Trust Subordinate Companion Loan or in the best interests of the holders of the Loan-Specific
Certificates in this Agreement shall be deemed to be taken (and subject to the same considerations) also for the benefit of, or
to be taken in the best interests of, the Holders of such Loan-Specific Certificates, as beneficial owners of the Trust Subordinate
Companion Loan.

 

(b)           
Any notices, reports or other information related to the Trust Subordinate Companion Loan required to be delivered by a
party under this Agreement or the related Intercreditor Agreement to the holders of the Loan-Specific Certificates or the holders
of the Trust Subordinate Companion Loan shall be delivered (in lieu of delivery to such holders) to the related 225 Bush Loan-Specific
Directing Certificateholder by such party within the same time periods as such notices, reports or other information are required
to be delivered to the holder of the Trust Subordinate Companion Loan.

 

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(c)           
Any consents required to be obtained from the holder of the Trust Subordinate Companion Loan under this Agreement or the
related Intercreditor Agreement or any obligation under this Agreement or the related Intercreditor Agreement of the Master Servicer
or the Special Servicer or other party to this Agreement to consult with or obtain the consent of or follow the direction of the
holder of such Trust Subordinate Companion Loan shall instead be deemed to require such Person to consult with, obtain the consent
of or follow the direction of the related 225 Bush Loan-Specific Directing Certificateholder.

 

(d)           
With respect to the 225 Bush Whole Loan, subject to the foregoing and applicable REMIC Provisions, the 225 Bush Loan-Specific
Directing Certificateholder may direct the Master Servicer or the Special Servicer, on behalf of the Trustee and the holders of
the Loan-Specific Certificates to implement the holder of such Trust Subordinate Companion Loan’s exercise of any rights,
to the extent that each such holder is entitled to such rights under the related Intercreditor Agreement.

 

(e)           
Prior to the Special Servicer obtaining the consent of, or consulting with any 225 Bush Loan-Specific Directing Certificateholder
to the extent provided for under the related Intercreditor Agreement, 225 Bush Loan-Specific Directing Certificateholder shall
have delivered to the Special Servicer an officer’s certificate in form and substance acceptable to the Special Servicer
(with a copy to the Master Servicer), as applicable, stating such party is not the related Mortgagor or an affiliate of the related
Mortgagor or acting on behalf of the related Mortgagor or one or more of its Affiliates.

 

(f)            
Subject to Section 3.01(o), at any time the 225 Bush Mortgage Loan is not part of the Trust, the Master Servicer
or Special Servicer shall have no obligation to service such Mortgage Loan and shall solely service the Trust Subordinate Companion
Loan until the Trust Subordinate Companion Loan is removed from the Trust pursuant to Section 3.34(g) and shall have no obligation
to make any Advance with respect to the Trust Subordinate Companion Loan, the related Mortgage Loan or the related AB Whole Loan.

 

(g)           
Within two (2) Business Days following the removal of the 225 Bush Mortgage Loan from the Trust as a result of a repurchase
of such Mortgage Loan by GACC, the Special Servicer shall provide written notice (an “Exchange Election Notice”)
to the Certificate Administrator who shall upon receipt thereof notify the related 225 Bush Loan-Specific Directing Certificateholder
and the Holders of the Loan-Specific Certificates (by posting such Exchange Election Notice to the Certificate Administrator’s
Website) that the Holders of all of the Loan-Specific Certificates may unanimously elect to exchange their Certificates for the
related Trust Subordinate Companion Loan (an “Exchange”) by delivery of written notice (an “Acceptance
Notice”) to the Depositor, Master Servicer, Special Servicer, Certificate Administrator and Trustee within 5 Business
Days of receipt of the Exchange Election Notice. In the event an Acceptance Notice is not delivered within such 5 Business Days,
the Special Servicer shall use commercially reasonable efforts to sell such Trust Subordinate Companion Loan, for the fair value
of such asset. The Holders of such class of Certificates shall pay (from their own funds and not from amounts allocable from any
portion of the Trust to such Class of Certificates) all costs and expenses of the Master Servicer, the Special Servicer, the Certificate
Administrator and Trustee incurred in connection with the Exchange. The Exchange shall be

 

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subject to the reasonable procedures
established by the Master Servicer, Special Servicer, Trustee and Certificate Registrar in connection with the Exchange.

 

Section 3.35      
225 Bush Loan-Specific Directing Certificateholder. (a)  The Certificateholder(s) holding more than fifty
percent (50%) of the Certificate Balance of the 225 Bush Controlling Class, shall have the right to appoint and replace (for any
reason) the 225 Bush Controlling Class Representative.

 

(b)           
The 225 Bush Loan-Specific Directing Certificateholder shall not have any liability to the Holders of the Loan-Specific
Certificates or any other Certificateholders for any action taken, or for refraining from the taking of any action or the giving
of any consent or failure to give any consent in good faith pursuant to this Agreement or errors in judgment. By its acceptance
of a 225 Bush Loan-Specific Certificate or other Certificate, each holder of a 225 Bush Loan-Specific Certificate or other Certificate
will be deemed to have confirmed its agreement that any 225 Bush Loan-Specific Directing Certificateholder may take or refrain
from taking actions, or give or refrain from giving any consents, that favor the interests of the appointing Certificateholder(s)
over any other holder of such Class of Certificates or other Certificate, and that such 225 Bush Loan-Specific Directing Certificateholder
may have special relationships and interests that conflict with the interests of other Holders of such Class of Certificates or
any other Certificates, will be deemed to have agreed to take no action against such 225 Bush Loan-Specific Directing Certificateholder
or any of its officers, directors, employees, principals or agents as a result of such special relationships or interests, and
that no 225 Bush Loan-Specific Directing Certificateholder will be deemed to have been grossly negligent or reckless, or to have
acted in bad faith or engaged in willful misconduct or to have recklessly disregarded any exercise of its rights by reason of its
having acted or refrained from acting, or having given any consent or having failed to give any consent, solely in the interests
of the Holders of the Loan-Specific Certificates.

 

(c)            
Each Holder of a 225 Bush Loan-Specific Certificate is hereby deemed to have agreed by virtue of its purchase of such a
Certificate to provide its name and address to the Certificate Administrator and to notify the Master Servicer, the Certificate
Administrator, the Special Servicer and the Operating Advisor of the transfer of any such Certificate, the selection of a 225 Bush
Loan-Specific Directing Certificateholder or the resignation or removal thereof, by delivering a notice to each such Person substantially
in the form of Exhibit MM, attached hereto (which notice shall include the contact information of the selected 225 Bush
Loan-Specific Directing Certificateholder, if applicable).

 

Article IV

Distributions TO CERTIFICATEHOLDERS

 

Section 4.01      
Distributions. (a)  On each Distribution Date, to the extent of the Pooled Certificate Available Funds
for such Distribution Date, the Certificate Administrator shall be deemed to transfer the Lower-Tier Distribution Amount from the
Lower-Tier REMIC Distribution Account to the Upper-Tier REMIC Distribution Account in the amounts and priorities set forth in Section 4.01(c)
with respect to each Class of Lower-Tier Regular Interests, and immediately thereafter, shall make distributions thereof from the
Upper-Tier REMIC

 

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Distribution Account in the following order of priority, satisfying in full, to the extent required and possible,
each priority before making any distribution with respect to any succeeding priority:

 

(i)            
first, to the Holders of the Class A-1 Certificates, the Class A-2 Certificates, the Class A-3 Certificates,
the Class A-4 Certificates, the Class A-5 Certificates, the Class A-SB Certificates, the Class X-A Certificates, the
Class X-B Certificates and the Class X-D Certificates, pro rata (based upon their respective entitlements to interest
for such Distribution Date), in respect of interest, up to an amount equal to the aggregate Interest Distribution Amount in respect
of such Classes of Certificates for such Distribution Date;

 

(ii)            
second, to the Holders of the Class A-1 Certificates, the Class A-2 Certificates, the Class A-3 Certificates,
the Class A-4 Certificates, the Class A-5 Certificates and the Class A-SB Certificates in reduction of their Certificate Balances:
(I) prior to the Cross-Over Date (1) first, to the Holders of the Class A-SB Certificates, in an amount up to
the Pooled Non-VRR Principal Distribution Amount, until the outstanding Certificate Balance of the Class A-SB Certificates
is reduced to the Class A-SB Planned Principal Balance for such Distribution Date; (2) second, to the Holders
of the Class A-1 Certificates, in an amount up to the Pooled Non-VRR Principal Distribution Amount (or the portion thereof
remaining after any distributions specified in subclause (1) above have been made on such Distribution Date), until
the outstanding Certificate Balance of the Class A-1 Certificates is reduced to zero; (3) third, to the Holders
of the Class A-2 Certificates in an amount up to the Pooled Non-VRR Principal Distribution Amount (or the portion thereof
remaining after any distributions specified in subclauses (1) and (2) above have been made on such Distribution
Date), until the outstanding Certificate Balance of the Class A-2 Certificates is reduced to zero; (4) fourth,
to the Holders of the Class A-3 Certificates in an amount up to the Pooled Non-VRR Principal Distribution Amount (or the portion
thereof remaining after any distributions specified in subclauses (1), (2) and (3) above have been made on
such Distribution Date), until the outstanding Certificate Balance of the Class A-3 Certificates is reduced to zero; (5) fifth,
to the Holders of the Class A-4 Certificates in an amount up to the Pooled Non-VRR Principal Distribution Amount (or the portion
thereof remaining after any distributions specified in subclauses (1), (2), (3) and (4) above have
been made on such Distribution Date), until the outstanding Certificate Balance of the Class A-4 Certificates is reduced to
zero; (6) sixth, to the Holders of the Class A-5 Certificates in an amount up to the Pooled Non-VRR Principal Distribution
Amount (or the portion thereof remaining after any distributions specified in subclauses (1), (2), (3), (4)
and (5) above have been made on such Distribution Date), until the outstanding Certificate Balance of the Class A-5 Certificates
is reduced to zero; (7) seventh, to the Holders of the Class A-SB Certificates, in an amount up to the Pooled Non-VRR Principal
Distribution Amount (or the portion thereof remaining after any distributions specified in subclauses (1), (2), (3), (4), (5) and
(6) above have been made on such Distribution Date), until the outstanding Certificate Balance of the Class A-SB Certificates
is reduced to zero; and (II) on or after the Cross-Over Date, to the Class A-1, Class A-2, Class A-3, Class
A-4, Class A-5 and Class A-SB Certificates, pro rata (based on their respective Certificate Balances) in an amount
equal to the Pooled Non-VRR Principal Distribution Amount for

 

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such Distribution Date, until the Certificate Balance of each of
the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-SB Certificates is reduced to zero;

 

(iii)         
third, to the Holders of the Class A-1 Certificates, the Class A-2 Certificates, the Class A-3 Certificates,
the Class A-4 Certificates, the Class A-5 Certificates and the Class A-SB Certificates pro rata (based upon the aggregate
unreimbursed Pooled Non-VRR Realized Losses previously allocated to each such Class), first, (i) up to an amount equal to the unreimbursed
Pooled Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid
interest on the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related
Pooled Non-VRR Realized Loss was allocated to such Class until the date such Pooled Non-VRR Realized Loss is reimbursed;

 

(iv)           fourth, to the Holders of the Class A-S Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount in respect of such Class of Certificates for such Distribution Date;

 

(v)            
fifth, after the Certificate Balances of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5
and Class A-SB Certificates have been reduced to zero, to the Holders of the Class A-S Certificates, in reduction of
the Certificate Balance thereof, up to an amount equal to the Pooled Non-VRR Principal Distribution Amount (or the portion thereof
remaining after any distributions in respect of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-SB
Certificates on such Distribution Date), until the outstanding Certificate Balance of the Class A-S Certificates is reduced
to zero;

 

(vi)           sixth, to the Holders of the Class A-S Certificates, first, (i) up to an amount equal to the unreimbursed Pooled
Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest
on the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related Pooled
Non-VRR Realized Loss was allocated to such Class until the date such Pooled Non-VRR Realized Loss is reimbursed;

 

(vii)          seventh, to the Holders of the Class B Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount in respect of such Class of Certificates for such Distribution Date;

 

(viii)         eighth, after the Certificate Balances of the Class A Certificates have been reduced to zero, to the Holders
of the Class B Certificates, in reduction of the Certificate Balance thereof, up to an amount equal to the Pooled Non-VRR
Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the Class A Certificates
on such Distribution Date), until the outstanding Certificate Balance of the Class B Certificates is reduced to zero;

 

(ix)            ninth, to the Holders of the Class B Certificates, first, (i) up to an amount equal to the unreimbursed Pooled
Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest
on the

 

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amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related Pooled
Non-VRR Realized Loss was allocated to such Class until the date such Pooled Non-VRR Realized Loss is reimbursed;

 

(x)            
tenth, to the Holders of the Class C Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount in respect of such Class of Certificates for such Distribution Date;

 

(xi)           eleventh, after the Certificate Balances of the Class A Certificates and the Class B Certificates have
been reduced to zero, to the Holders of the Class C Certificates, in reduction of the Certificate Balance thereof, up to an
amount equal to the Pooled Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions in respect
of the Class A Certificates and Class B Certificates on such Distribution Date), until the outstanding Certificate Balance
of the Class C Certificates is reduced to zero;

 

(xii)           twelfth, to the Holders of the Class C Certificates, first, (i) up to an amount equal to the unreimbursed Pooled
Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest
on the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related Pooled
Non-VRR Realized Loss was allocated to such Class until the date such Pooled Non-VRR Realized Loss is reimbursed;

 

(xiii)          thirteenth, to the Holders of the Class D Certificates in respect of interest, up to an amount equal to the
Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;

 

(xiv)          fourteenth, after the Certificate Balances of the Class A Certificates, Class B Certificates and Class C
Certificates have been reduced to zero, to the Holders of the Class D Certificates, in reduction of the Certificate Balance
thereof, up to an amount equal to the Pooled Non-VRR Principal Distribution Amount (or the portion thereof remaining after any
distributions in respect of the Class A Certificates, Class B Certificates and Class C Certificates on such Distribution
Date), until the outstanding Certificate Balances of the Class D Certificates is reduced to zero;

 

(xv)           fifteenth, to the Holders of the Class D Certificates, first, (i) up to an amount equal to the unreimbursed
Pooled Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid
interest on the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related
Pooled Non-VRR Realized Loss was allocated to such Class until the date such Pooled Non-VRR Realized Loss is reimbursed;

 

(xvi)         sixteenth, to the Holders of the Class E Certificates, in respect of interest, up to an amount equal to the
Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;

 

(xvii)        seventeenth, after the Certificate Balances of the Class A Certificates, Class B Certificates, Class C
Certificates and Class D Certificates have been reduced to

 

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zero, to the Holders of the Class E Certificates, in reduction
of the Certificate Balances thereof, up to an amount equal to the Pooled Non-VRR Principal Distribution Amount (or the portion
thereof remaining after any distributions in respect of the Class A Certificates, Class B Certificates, Class C
Certificates and Class D Certificates on such Distribution Date), until the outstanding Certificate Balance of the Class E
Certificates is reduced to zero;

 

(xviii)       eighteenth, to the Holders of the Class E Certificates, first, (i) up to an amount equal to the unreimbursed
Pooled Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid
interest on the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related
Pooled Non-VRR Realized Loss was allocated to such Class until the date such Pooled Non-VRR Realized Loss is reimbursed;

 

(xix)          nineteenth, to the Holders of the Class F-RR Certificates, in respect of interest, up to an amount equal to
the Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;

 

(xx)           twentieth, after the Certificate Balances of the Class A Certificates, Class B Certificates, Class C
Certificates, Class D Certificates and Class E Certificates have been reduced to zero, to the Holders of the Class F-RR
Certificates, in reduction of the Certificate Balance thereof, up to an amount equal to the Pooled Non-VRR Principal Distribution
Amount (or the portion thereof remaining after any distributions in respect of the Class A Certificates, Class B Certificates,
Class C Certificates, Class D Certificates and Class E Certificates on such Distribution Date), until the outstanding
Certificate Balance of the Class F-RR Certificates is reduced to zero;

 

(xxi)          twenty-first, to the Holders of the Class F-RR Certificates, first, (i) up to an amount equal to the unreimbursed
Pooled Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid
interest on the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related
Pooled Non-VRR Realized Loss was allocated to such Class until the date such Pooled Non-VRR Realized Loss is reimbursed;

 

(xxii)         twenty-second, to the Holders of the Class G-RR Certificates, in respect of interest, up to an amount equal
to the Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;

 

(xxiii)        twenty-third, after the Certificate Balances of the Class A Certificates, Class B Certificates, Class C
Certificates, Class D Certificates, Class E Certificates and Class F-RR Certificates have been reduced to zero,
to the Holders of the Class G-RR Certificates, in reduction of the Certificate Balance thereof, up to an amount equal to the
Pooled Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the Class A
Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates and Class F-RR
Certificates on such Distribution Date), until the outstanding Certificate Balance of the Class G-RR Certificates is reduced
to zero;

 

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(xxiv)        twenty-fourth, to the Holders of the Class G-RR Certificates, first, (i) up to an amount equal to the unreimbursed
Pooled Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid
interest on the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related
Pooled Non-VRR Realized Loss was allocated to such Class until the date such Pooled Non-VRR Realized Loss is reimbursed;

 

(xxv)         twenty-fifth, to the Holders of the Class NR-RR Certificates in respect of interest, up to an amount equal to
the Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;

 

(xxvi)        twenty-sixth, after the Certificate Balances of the Class A Certificates, Class B Certificates, Class C
Certificates, Class D Certificates, Class E Certificates, Class F-RR Certificates and Class G-RR Certificates
have been reduced to zero, to the Holders of the Class NR-RR Certificates, in reduction of the Certificate Balance thereof,
up to an amount equal to the Pooled Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions
in respect of the Class A Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E
Certificates, Class F-RR Certificates and Class G-RR Certificates on such Distribution Date), until the outstanding Certificate
Balance of the Class NR-RR Certificates is reduced to zero;

 

(xxvii)       twenty-seventh, to the Holders of the Class NR-RR Certificates, first, (i) up to an amount equal to the unreimbursed
Pooled Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid
interest on the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related
Pooled Non-VRR Realized Loss was allocated to such Class until the date such Pooled Non-VRR Realized Loss is reimbursed; and

 

(xxviii)      twenty-eighth, to the Holders of the Class R Certificates in respect of the Class UR Interest, the amount, if
any, of the Pooled Certificate Available Funds remaining in the Upper-Tier REMIC Distribution Account with respect to such Distribution
Date.

 

If, in connection with
any Distribution Date, the Certificate Administrator has reported the amount of an anticipated distribution to DTC based on the
receipt of payments as of the Determination Date and additional Periodic Payments, balloon payments or unscheduled principal payments
are subsequently received by the Master Servicer and required to be part of the Certificate Available Funds for such Distribution
Date, the Master Servicer shall promptly notify the Certificate Administrator and the Certificate Administrator will use commercially
reasonable efforts to cause DTC to make the revised distribution on a timely basis on such Distribution Date. None of the Master
Servicer, the Special Servicer or the Certificate Administrator shall be liable or held responsible for any resulting delay in
the making of such distribution to Certificateholders solely on the basis of the actions described in the preceding sentence.

 

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(b)            On
each Distribution Date, to the extent of the 225 Bush Non-VRR Available Funds for such Distribution Date, the
Certificate Administrator shall be deemed to transfer the Trust Subordinate Companion Loan REMIC Distribution Amount from the
Trust Subordinate Companion Loan REMIC Distribution Account to the Upper-Tier REMIC Distribution Account in the amounts and
priorities set forth in Section 4.01(b) below with respect to each Class of Trust Subordinate Companion Loan
REMIC Regular Interests, and immediately thereafter, shall make distributions thereof from the Upper-Tier REMIC Distribution
Account in the following order of priority, satisfying in full, to the extent required and possible, each priority before
making any distribution with respect to any succeeding priority:

 

(i)            
first, to the Holders of the Class 225B-A Certificates, in respect of interest, up to an amount equal to the
225 Bush Non-VRR Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;

 

(ii)            
second, to the Holders of the Class 225B-A Certificates, in reduction of the Certificate Balance thereof, up
to an amount equal to the 225 Bush Non-VRR Principal Distribution Amount, until the outstanding Certificate Balance of the Class 225B-A
Certificates is reduced to zero;

 

(iii)            third, to the Holders of the Class 225B-A Certificates, first, (i) up to an amount equal to the unreimbursed
225 Bush Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid
interest on the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related
225 Bush Non-VRR Realized Loss was allocated to such Class until the date such 225 Bush Non-VRR Realized Loss is reimbursed;

 

(iv)            
fourth, to the Holders of the Class 225B-B Certificates, in respect of interest, up to an amount equal to the
225 Bush Non-VRR Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;

 

(v)            
fifth, after the Certificate Balance of the Class 225B-A Certificates has been reduced to zero, to the Holders
of the Class 225B-B Certificates, in reduction of the Certificate Balance thereof, up to an amount equal to the 225 Bush Non-VRR
Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the Class  225B-A Certificates
on such Distribution Date), until the outstanding Certificate Balance of the Class  225B-B Certificates is reduced to zero;

 

(vi)           sixth, to the Holders of the Class  225B-B Certificates, first, (i) up to an amount equal to the unreimbursed
225 Bush Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid
interest on the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related
225 Bush Non-VRR Realized Loss was allocated to such Class until the date such 225 Bush Non-VRR Realized Loss is reimbursed;

 

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(vii)          seventh, to the Holders of the Class 225B-C Certificates, in respect of interest, up to an amount equal to the
225 Bush Non-VRR Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;

 

(viii)         eighth, after the Certificate Balances of the Class 225B-A and Class 225B-B Certificates have been reduced to
zero, to the Holders of the Class 225B-C Certificates, in reduction of the Certificate Balance thereof, up to an amount equal
to the 225 Bush Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the
Class  225B-A and Class 225B-B Certificates on such Distribution Date), until the outstanding Certificate Balance of the Class 
225B-C Certificates is reduced to zero;

 

(ix)           
ninth, to the Holders of the Class  225B-C Certificates, first, (i) up to an amount equal to the unreimbursed
225 Bush Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid
interest on the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related
225 Bush Non-VRR Realized Loss was allocated to such Class until the date such 225 Bush Non-VRR Realized Loss is reimbursed;

 

(x)            
tenth, to the Holders of the Class 225B-D Certificates, in respect of interest, up to an amount equal to the
225 Bush Non-VRR Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;

 

(xi)            eleventh, after the Certificate Balances of the Class 225B-A, Class 225B-B and Class 225B-C Certificates have
been reduced to zero, to the Holders of the Class 225B-D Certificates, in reduction of the Certificate Balance thereof, up
to an amount equal to the 225 Bush Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions
in respect of the Class  225B-A, Class 225B-B and Class 225B-C Certificates on such Distribution Date), until the outstanding
Certificate Balance of the Class  225B-D Certificates is reduced to zero;

 

(xii)           twelfth, to the Holders of the Class  225B-D Certificates, first, (i) up to an amount equal to the unreimbursed
225 Bush Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid
interest on the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related
225 Bush Non-VRR Realized Loss was allocated to such Class until the date such 225 Bush Non-VRR Realized Loss is reimbursed;

 

(xiii)          thirteenth, to the Holders of the Class 225B-E Certificates, in respect of interest, up to an amount equal to
the 225 Bush Non-VRR Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;

 

(xiv)          fourteenth, after the Certificate Balances of the Class 225B-A, Class 225B-B, Class 225B-C and Class 225B-D
Certificates have been reduced to zero, to the Holders of the Class 225B-E Certificates, in reduction of the Certificate Balance
thereof,

 

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up to an amount equal to the 225 Bush Non-VRR Principal Distribution Amount (or the portion thereof remaining after any
distributions in respect of the Class  225B-A, Class 225B-B, Class 225B-C and Class 225B-D Certificates on such Distribution
Date), until the outstanding Certificate Balance of the Class  225B-E Certificates is reduced to zero;

 

(xv)          fifteenth, to the Holders of the Class  225B-E Certificates, first, (i) up to an amount equal to the unreimbursed
225 Bush Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid
interest on the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related
225 Bush Non-VRR Realized Loss was allocated to such Class until the date such 225 Bush Non-VRR Realized Loss is reimbursed; and

 

(xvi)         sixteenth, to the Holders of the Class R Certificates in respect of the Class UR Interest, the amount, if any,
of the 225 Bush Non-VRR Available Funds remaining in the Upper-Tier REMIC Distribution Account with respect to such Distribution
Date.

 

On each Distribution
Date, the Trust Subordinate Companion Loan REMIC Regular Interest shall be deemed to receive distributions in respect of principal
or reimbursement of 225 Bush Non-VRR Realized Loss in an amount equal to the amount of principal or reimbursement of 225 Bush Non-VRR
Realized Loss actually distributable to the Holders of the respective Related Certificates as provided in Section 4.01(b),
Section 4.01(g) and Section 4.01(j) such that at all times the Lower-Tier Principal Amount of each Class of Trust
Subordinate Companion Loan REMIC Regular Interests is equal to the Certificate Balance of the Class of Related Certificates. On
each Distribution Date, the Trust Subordinate Companion Loan REMIC Regular Interest shall be deemed to receive distributions in
respect of interest in an amount equal to the 225 Bush Non-VRR Interest Distribution Amount in respect of its Related Certificates,
computed based on an interest rate equal to the excess of the Net Mortgage Rate of the Trust Subordinate Companion Loan over the
Pass-Through Rate of the Related Certificates and a notional amount equal to its related Lower-Tier Principal Amount, in each case
to the extent actually distributable thereon as provided in this Section 4.01(b). Amounts distributable pursuant to this
paragraph are referred to herein collectively as the “Trust Subordinate Companion Loan REMIC Distribution Amounts”
and shall be made by the Certificate Administrator by deeming such Trust Subordinate Companion Loan REMIC Distribution Amount to
be withdrawn from the Trust Subordinate Companion Loan REMIC Distribution Account to be deposited in the Upper-Tier REMIC Distribution
Account.

 

As of any date, the principal
balance of each Trust Subordinate Companion Loan REMIC Regular Interest shall equal the Certificate Balance of the Related Certificates
with respect thereto, as adjusted for the allocation of 225 Bush Non-VRR Realized Losses, as provided in Section 4.04. The
initial principal balance of each Trust Subordinate Companion Loan REMIC Regular Interest shall equal the respective Original Lower-Tier
Principal Amount. The pass-through rate with respect to each Trust Subordinate Companion Loan REMIC Regular Interest shall be the
rate per annum set forth in the Preliminary Statement hereto.

 

Any amount that remains
in the Trust Subordinate Companion Loan REMIC Distribution Account on each Distribution Date after distribution of the Trust Subordinate

 

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Companion Loan REMIC Distribution
Amount, and distribution of Yield Maintenance Charges pursuant to Section 4.01(f)(iii) shall be distributed to Holders
of the Class R Certificates in respect of the Class  225B-R Interest (but only to the extent of 225 Bush Non-VRR Available
Funds for such Distribution Date remaining in the Trust Subordinate Companion Loan REMIC Distribution Account, if any).

 

(c)               
On each Distribution Date, each Lower-Tier Regular Interest shall be deemed to receive distributions in respect of principal
or reimbursement of Pooled Non-VRR Realized Loss in an amount equal to the amount of principal or reimbursement of Pooled Non-VRR
Realized Loss actually distributable to the Holders of the respective Related Certificates as provided in Sections 4.01(a),
4.01(g) and 4.01(j) such that at all times the Lower-Tier Principal Amount of each Class of Lower-Tier Regular Interests
is equal to the Certificate Balance of the Class of Related Certificates. On each Distribution Date, each Lower-Tier Regular Interest
shall be deemed to receive distributions in respect of interest in an amount equal to the Interest Distribution Amount in respect
of its Related Certificates plus a pro rata portion of the Interest Distribution Amount in respect of (i) in the case
of the Class LA1, Class LA2, Class LA3, Class LA4, Class LA5, Class LASB and Class LAS Uncertificated
Interests, the Class X-A Certificates, (ii) in the case of the Class LB and Class LC Uncertificated Interests, the
Class X-B Certificates, and (iii) in the case of the Class LD and Class LE Uncertificated Interests, the Class X-D Certificates,
in each case, computed based on an interest rate equal to the excess of the Pooled Weighted Average Net Mortgage Rate over the
Pass-Through Rate of the Related Certificates and a notional amount equal to its related Lower-Tier Principal Amount, in each case
to the extent actually distributable thereon as provided in Section 4.01(a). Amounts distributable pursuant to this
paragraph are referred to herein collectively as the “Lower-Tier Distribution Amount”, and shall be made by
the Certificate Administrator by deeming such Lower-Tier Distribution Amount to be withdrawn from the Lower-Tier REMIC Distribution
Account to be deposited in the Upper-Tier REMIC Distribution Account.

 

As of any date, the
principal balance of each Lower-Tier Regular Interest shall equal the Certificate Balance of the Related Certificates with respect
thereto, as adjusted for the allocation of Realized Losses, as provided in Sections  4.04(a) and (c). The
initial principal balance of each Lower-Tier Regular Interest shall equal the respective Original Lower-Tier Principal Amount.
The pass-through rate with respect to each Lower-Tier Regular Interest shall be the rate per annum set forth in the Preliminary
Statement hereto.

 

Any amount that remains
in the Lower-Tier REMIC Distribution Account on each Distribution Date after distribution of the Lower-Tier Distribution Amount
and distribution of Prepayment Premiums and Yield Maintenance Charges pursuant to Section 4.01(f)(iii) shall be distributed
to the Holders of the Class R Certificates in respect of the Class LR Interest (but only to the extent of the Pooled
Aggregate Available Funds for such Distribution Date remaining in the Lower-Tier REMIC Distribution Account, if any).

 

While the Certificate
Balance of any Class of Certificates is reduced to zero, such Class shall not be entitled to any further distributions in respect
of interest or principal other than reimbursement of Realized Losses with interest and other amounts provided for in this Section 4.01.

 

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(d)           
Distributions of Pooled VRR Available Funds on the Class VRR Interest Certificates. On each Distribution Date, the
Certificate Administrator shall withdraw from the Upper-Tier REMIC Distribution Account the amounts on deposit therein, to the
extent of the Pooled VRR Available Funds for such Distribution Date, and shall distribute such amounts to the Holders of the Class
VRR Interest Certificates and the Class R Certificates in accordance with this section (d).

 

On each Distribution
Date, the Certificate Administrator shall apply the then applicable Pooled VRR Available Funds for such Distribution Date to make
distributions to the Holders of the Class VRR Interest Certificates for the following purposes and in the following order of priority:

 

(i)              first,
distributions of interest on the Class VRR Interest Certificates, up to an amount equal to the Pooled VRR Interest Distribution
Amount for such Distribution Date;

 

(ii)            second,
distributions in reduction of the Certificate Balance of the Class VRR Interest Certificates, up to an amount equal to the Pooled
VRR Principal Distribution Amount for such Distribution Date, until the outstanding Certificate Balance of the Class VRR Interest
Certificates has been reduced to zero; and

 

(iii)           third,
reimbursements of prior write-offs of the Certificate Balance of the Class VRR Interest Certificates, up to an amount equal to
the unreimbursed Pooled VRR Realized Losses previously allocated to the Class VRR Interest Certificates;

 

provided that,
with respect to any Distribution Date, to the extent that Pooled VRR Available Funds for such Distribution Date exceeds the distributions
to the Holders of the Class VRR Interest Certificates on such Distribution Date pursuant to the immediately preceding clauses
(i) through (iii), the Certificate Administrator shall distribute such excess to the Holders of the Class VRR Interest
Certificates.

 

(e)           
Distributions of 225 Bush VRR Available Funds on the 225B-VRR Interest. On each Distribution Date, the Certificate
Administrator shall withdraw from the Upper-Tier REMIC Distribution Account the amounts on deposit therein, to the extent of the
225 Bush VRR Available Funds for such Distribution Date, and shall distribute such amounts to the Holders of the 225B-VRR Interest
and the Class R Certificates in accordance with this section (e).

 

On each Distribution
Date, the Certificate Administrator shall apply the then applicable 225 Bush VRR Available Funds for such Distribution Date to
make distributions to the Holders of the 225B-VRR Interest for the following purposes and in the following order of priority:

 

(i)              first,
distributions of interest on the 225B-VRR Interest, up to an amount equal to the 225 Bush VRR Interest Distribution Amount for
such Distribution Date;

 

(ii)            second,
distributions in reduction of the Certificate Balance of the 225B-VRR Interest, up to an amount equal to the 225 Bush VRR Principal
Distribution

 

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Amount for such Distribution Date, until the outstanding Certificate Balance of the 225B-VRR Interest has been reduced
to zero; and

 

(iii)           third,
reimbursements of prior write-offs of the Certificate Balance of the 225B-VRR Interest, up to an amount equal to the unreimbursed
225 Bush VRR Realized Losses previously allocated to the 225B-VRR Interest;

 

provided that,
with respect to any Distribution Date, to the extent that 225 Bush VRR Available Funds for such Distribution Date exceeds the distributions
to the Holders of the 225B-VRR Interest on such Distribution Date pursuant to the immediately preceding clauses (i) through
(iii), the Certificate Administrator shall distribute such excess to the Holders of the 225B-VRR Interest.

 

(f)            On each Distribution Date, the Non-VRR Percentage of the Prepayment Premiums and Yield Maintenance Charges, if any, collected
in respect of the Mortgage Loans during the related Collection Period in an amount equal to the product of (x) the Non-VRR Percentage
and (y) the aggregate of the Prepayment Premiums and Yield Maintenance Charges collected in respect of the Mortgage Loans for
the related Collection Period will be required to be distributed by the Certificate Administrator to the Holders of each Class
of Regular Certificates in the following manner: (1) pro rata, among (w) the YM Group A, (x) the YM Group
B and (y) the YM Group D and based upon the aggregate of principal distributed to the Classes of Pooled Principal Balance Certificates
in each YM Group on such Distribution Date, and (2) among the Classes of Certificates in each YM Group, in the following
manner: with respect to each YM Group, (A) the Holders of each Class of Pooled Principal Balance Certificates in such YM
Group shall be entitled to receive on each Distribution Date an amount of the Non-VRR Percentage of Prepayment Premiums or Yield
Maintenance Charges equal to the sum, for all mortgage loan prepayments, of the product of (a) a fraction whose numerator
is the amount of principal distributed to such Class on such Distribution Date and whose denominator is the total amount of principal
distributed to all of the Pooled Principal Balance Certificates in that YM Group representing principal payments in respect of
the Mortgage Loans on such Distribution Date, (b) the Base Interest Fraction for the related principal prepayment and such
Class of Pooled Principal Balance Certificates, and (c) the Non-VRR Percentage of Prepayment Premiums or Yield Maintenance
Charges collected during the related Collection Period and allocated to such YM Group and (B) any Prepayment Premiums or
Yield Maintenance Charges allocated to such YM Group collected during the related Collection Period remaining after such distributions
will be distributed to the Class of Class X Certificates in such YM Group. If there is more than one such Class of Certificates
entitled to distributions of principal on any particular Distribution Date on which Prepayment Premiums or Yield Maintenance Charges
relating to the Mortgage Loans are distributable, the aggregate amount of such Non-VRR Percentage of Prepayment Premiums or Yield
Maintenance Charges will be allocated among all such Classes of Certificates up to, and on a pro rata basis in accordance
with, their respective entitlements thereto in accordance with the first sentence of this paragraph. On each Distribution Date,
the VRR Interest will be entitled to Prepayment Premiums and Yield Maintenance Charges in an amount equal to the product of (x)
the Pooled VRR Percentage and (y) all Prepayment Premiums and Yield Maintenance Charges, if any, collected in respect of the Mortgage
Loans during the related Collection Period.

 

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For purposes of the first
paragraph of this Section 4.01(f), the relevant “Base Interest Fraction” with respect to any Principal
Prepayment on any Mortgage Loan that provides for the payment of a Yield Maintenance Charge or Prepayment Premium, and with respect
to any Class of Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 Class A-SB, Class A-S,
Class B, Class C, Class D and Class E Certificates, shall be a fraction (A) whose numerator is the greater of (x) zero
and (y) the difference between (i) the Pass-Through Rate on such Class of Certificates, and (ii) the applicable
Discount Rate used in accordance with the related Mortgage Loan documents in calculating the Yield Maintenance Charge with respect
to such Principal Prepayment and (B) whose denominator is the greater of zero and the difference between (i) the Mortgage
Rate on such Mortgage Loan (or with respect to any Mortgage Loan that is part of a Serviced Whole Loan, the Mortgage Rate of such
Serviced Whole Loan), and (ii) the applicable Discount Rate used in accordance with the related Mortgage Loan documents in
calculating the Yield Maintenance Charge with respect to such Principal Prepayment. However, (1) under no circumstances shall
the Base Interest Fraction be greater than one or less than zero, (2) if the applicable Discount Rate is greater than or equal
to the Mortgage Rate on such Mortgage Loan or Serviced Whole Loan, as applicable, and is greater than or equal to the Pass-Through
Rate on such Class of Certificates, then the Base Interest Fraction will equal zero and (3) if the applicable Discount Rate
is greater than or equal to the Mortgage Rate on such Mortgage Loan or Serviced Whole Loan, as applicable, and is less than the
Pass-Through Rate on such Class of Certificates, then the Base Interest Fraction will be one (1).

 

For purposes of the preceding
paragraph, the relevant “Discount Rate” in connection with any Prepayment Premium or Yield Maintenance Charge
collected on any prepaid Mortgage Loan or REO Loan and distributable on any Distribution Date shall be a rate per annum
equal to (i) if a discount rate was used in the calculation of the applicable Prepayment Premium or Yield Maintenance Charge
pursuant to the terms of the relevant Mortgage Loan or REO Loan, as the case may be, such discount rate (as reported by the applicable
Master Servicer), converted (if necessary) to a monthly equivalent yield, or (ii) if a discount rate was not used in the calculation
of the applicable Prepayment Premium or Yield Maintenance Charge pursuant to the terms of the relevant Mortgage Loan or REO Loan,
as the case may be, the yield calculated by the linear interpolation of the yields (as reported under the heading “U.S. Government
Securities/Treasury Constant Maturities” in Federal Reserve Statistical Release H.15 (519) published by the Federal Reserve
Board for the week most recently ended before the date of the relevant prepayment (or deemed prepayment) of U.S. Treasury constant
maturities with a maturity date, one longer and one shorter, most nearly approximating the related Stated Maturity Date (in the
case of a Mortgage Loan or REO Loan that is not related to an ARD Loan) or the Anticipated Repayment Date (in the case of a Mortgage
Loan or REO Loan that is related to an ARD Loan), such interpolated yield converted to a monthly equivalent yield. If Federal Reserve
Statistical Release H.15 (519) is no longer published, the Certificate Administrator shall select a comparable publication as the
source of the applicable yields of U.S. Treasury constant maturities.

 

(ii)            No Yield Maintenance Charges or Prepayment Premium shall be distributed to the Holders of the Class R or Class S Certificates.

 

(iii)           All distributions of Yield Maintenance Charges and Prepayment Premiums made pursuant to this Section 4.01(f) shall
first be deemed to be distributed

 

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from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of the Lower-Tier Regular
Interests, pro rata, based upon the amount of principal distributed in respect of each such Class of Lower-Tier Regular
Interests for such Distribution Date pursuant to Section 4.01(c) above.

 

On each Distribution
Date, amounts on deposit in the Upper-Tier REMIC Distribution Account that represent the Pooled VRR Percentage of such Prepayment
Premiums and Yield Maintenance Charges (such portion of any Prepayment Premiums and Yield Maintenance Charges, the “VRR
Retained Prepayment Premiums and Yield Maintenance Charges”) collected on the Mortgage Loans during the related Collection
Period shall be distributed by the Certificate Administrator to the Holders of the Class VRR Interest Certificates, on a pro
rata and pari passu basis, as follows:

 

On each Distribution
Date, any portion of Prepayment Premiums and Yield Maintenance Charges that are to be distributed to the Holders of the VRR Interest
shall, for federal income tax purposes, be deemed to have first been transferred to the Grantor Trust in respect of the Class VRR
Upper-Tier Regular Interest.

 

On each Distribution
Date, any Prepayment Premiums and Yield Maintenance Charges collected on the Trust Subordinate Companion Loan during the related
Collection Period shall be distributed by the Certificate Administrator as follows: (a) to the Holders of the Class 225B-A, Class
225B-B, Class 22B-C, Class 225B-D and Class 225B-E Certificates in an amount (in each case) equal to the product of (x) a fraction
whose numerator is the amount of principal distributed to the Holders of such Class of Loan-Specific Certificates on such Distribution
Date and whose denominator is the total amount of principal distributed to the Holders of all of the Class 225B-A, Class 225B-B,
Class 22B-C, Class 225B-D and Class 225B-E Certificates on such Distribution Date, and (y) the 225 Bush Non-VRR Percentage of the
amount of such Prepayment Premiums and Yield Maintenance Charges so collected on the Trust Subordinate Companion Loan during such
Collection Period; and (b) to the Holders of the 225B-VRR Interest, in an amount equal to the 225 Bush VRR Percentage of the amount
of such Prepayment Premiums and Yield Maintenance Charges so collected on the Trust Subordinate Companion Loan during such Collection
Period

 

(g)            On
each Distribution Date, the Certificate Administrator shall (i) withdraw amounts from the Pooled Non-VRR Gain-on-Sale Reserve
Account (other than amounts with respect to a Non-Serviced Mortgage Loan) and shall distribute such amounts to reimburse the
Holders of the Non-VRR Certificates (in order of distribution priority) (first deeming such amounts to be distributed
with respect to the Related Lower-Tier Regular Interests) up to an amount equal to all Pooled Non-VRR Realized Losses, if
any, previously deemed allocated to them and unreimbursed after application of the Pooled Aggregate Available Funds for such
Distribution Date pursuant to Section 4.01(a) and (ii) apply amounts from the Pooled VRR Gain-on-Sale Reserve
Account (other than amounts with respect to a Non-Serviced Mortgage Loan) and shall distribute such amounts to reimburse the
Holders of the VRR Interest (first deeming such amounts to be distributed with respect to the Related Lower-Tier Regular
Interests) up to an amount equal to all Pooled VRR Realized Losses, if any, previously deemed allocated to them and
unreimbursed after application of the Pooled VRR Available Funds for such Distribution Date pursuant to Section 4.01(c).
Amounts paid from the Pooled Non-VRR

 

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Gain-on-Sale Reserve Account
will not reduce the Certificate Balances of the Classes of Certificates receiving such distributions. Any amounts remaining in
the Pooled Non-VRR Gain-on-Sale Reserve Account or the VRR Certificate Gain-on-Sale Reserve Account, as applicable, after such
distributions shall be applied to offset future Pooled Non-VRR Realized Losses with respect to the Principal Balance Certificates
or future Pooled VRR Realized Losses with respect to the VRR Interest Certificates. Upon termination of the Trust, any amounts
remaining in the Pooled Non-VRR Gain-on-Sale Reserve Account or the Pooled VRR Gain-on-Sale Reserve Account, as applicable, shall
be distributed on the final Distribution Date to the Holders of the Class R Certificates from the Lower-Tier REMIC in respect
of the Class LR Interest.

 

On each Distribution
Date, the Certificate Administrator shall withdraw (i) amounts from the 225 Bush Non-VRR Gain-on-Sale Reserve Account and shall
distribute such amounts to reimburse the Holders of the Loan-Specific Non-VRR Certificates (in order of distribution priority)
(first deeming such amounts to be distributed with respect to the Related Trust Subordinate Companion Loan REMIC Regular Interests)
up to an amount equal to all 225 Bush Non-VRR Realized Losses, if any, previously deemed allocated to them and unreimbursed after
application of the 225 Bush Available Funds for such Distribution Date pursuant to Section 4.01(b) and (ii) from the
225 Bush VRR Gain-on-Sale Reserve Account and shall distribute such amounts to reimburse the Holders of the 225B-VRR Interest (first
deeming such amounts to be distributed with respect to the Related Trust Subordinate Companion Loan REMIC Regular Interests) up
to an amount equal to all 225 Bush VRR Realized Losses, if any, previously deemed allocated to them and unreimbursed after application
of the 225 Bush VRR Available Funds for such Distribution Date pursuant to Section 4.01(e). Amounts paid from the 225
Bush Non-VRR Gain-on-Sale Reserve Account will not reduce the Certificate Balances of the Classes of Certificates receiving such
distributions. Any amounts remaining in the 225 Bush Non-VRR Gain-on-Sale Reserve Account or the 225 Bush VRR Gain-on-Sale Reserve
Account, as applicable, after such distributions shall be applied to offset future 225 Bush Non-VRR Realized Losses with respect
to the Loan-Specific Certificates or future 225 Bush VRR Realized Losses with respect to the 225B-VRR Interest Certificates. Upon
termination of the Trust, any amounts remaining in the 225 Bush Non-VRR Gain-on-Sale Reserve Account or the 225 Bush VRR Gain-on-Sale
Reserve Account, as applicable, shall be distributed on the final Distribution Date to the Holders of the Class R Certificates
from the Trust Subordinate Companion Loan REMIC in respect of the Class 225B-R Interest

 

(h)           
All distributions made with respect to each Class of Certificates on each Distribution Date shall be allocated pro rata
among the outstanding Certificates in such Class based on their respective Percentage Interests. Except as otherwise specifically
provided in Sections 4.01(i), 4.01(j) and 9.01, all such distributions with respect to each Class on
each Distribution Date shall be made to the Certificateholders of the respective Class of record at the close of business on the
related Record Date and shall be made by wire transfer of immediately available funds to the account of any such Certificateholder
at a bank or other entity having appropriate facilities therefor, if such Certificateholder shall have provided the Certificate
Administrator with wiring instructions no less than five (5) Business Days prior to the related Record Date (which wiring instructions
may be in the form of a standing order applicable to all subsequent Distribution Dates), or otherwise by check mailed to such Certificateholder
at its address in the Certificate Register. The final distribution on each Certificate (determined without

 

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regard to any possible
future reimbursement of Realized Losses previously allocated to such Certificate) will be made in like manner, but only upon presentation
and surrender of such Certificate at the offices of the Certificate Registrar or such other location specified in the notice to
Certificateholders of such final distribution.

 

Each distribution with
respect to a Book-Entry Certificate shall be paid to the Depository, as Holder thereof, and the Depository shall be responsible
for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures.
Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents
and to each indirect participating brokerage firm (a ”brokerage firm” or “indirect participating firm”)
for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents.
None of the Trustee, the Certificate Administrator, the Certificate Registrar, the Depositor, the Master Servicer, the Special
Servicer or the Underwriters shall have any responsibility therefor except as otherwise provided by this Agreement or applicable
law.

 

(i)             
Except as otherwise provided in Section 9.01, whenever the Certificate Administrator expects that the final
distribution with respect to any Class of Certificates (determined without regard to any possible future reimbursement of any amount
of Realized Losses previously allocated to such Class of Certificates) will be made on the next Distribution Date, the Certificate
Administrator shall, no later than the related P&I Advance Determination Date, post on the Certificate Administrator’s
Website pursuant to Section 3.13(b) a notice in electronic format to the effect that:

 

(i)            
the Certificate Administrator expects that the final distribution with respect to such Class of Certificates will be made
on such Distribution Date but only upon presentation and surrender of such Certificates at the offices of the Certificate Registrar
or such other location therein specified; and

 

(ii)           
no interest shall accrue on such Certificates from and after such Distribution Date.

 

Any funds not distributed to any Holder
or Holders of Certificates of such Class on such Distribution Date because of the failure of such Holder or Holders to tender their
Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the appropriate
non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to this Section 4.01(i)
shall not have been surrendered for cancellation within six (6) months after the time specified in such notice, the Certificate
Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates for
cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall
take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it
shall deem appropriate and subject to escheatment and other applicable laws. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be

 

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payable to any Certificateholder on any amount
held in trust hereunder by the Certificate Administrator as a result of such Certificateholder’s failure to surrender its
Certificate(s) for final payment thereof in accordance with this Section 4.01(i).

 

(j)               
Distributions in reimbursement of Realized Losses previously allocated to the Regular Certificates, the VRR Interest or
the 225B-VRR Interest shall be made in the amounts and manner specified in Section 4.01(a), Section 4.01(b),
Section 4.01(d) or Section 4.01(e), as applicable, to the Holders of the respective Class otherwise entitled to distributions
of interest and principal on such Class on the relevant Distribution Date; provided that all distributions in reimbursement
of Realized Losses previously allocated to a Class of Certificates which has since been retired shall be to the prior Holders that
surrendered the Certificates of such Class upon retirement thereof and shall be made by check mailed to the address of each such
prior Holder last shown in the Certificate Register. Notice of any such distribution to a prior Holder shall be made in accordance
with Section 13.05 at such last address. The amount of the distribution to each such prior Holder shall be based upon
the aggregate Percentage Interest evidenced by the Certificates surrendered thereby. If the check mailed to any such prior Holder
is returned uncashed, then the amount thereof shall be set aside and held uninvested in trust for the benefit of such prior Holder,
and the Certificate Administrator shall attempt to contact such prior Holder in the manner contemplated by Section 4.01(i)
as if such Holder had failed to surrender its Certificates.

 

(k)           
On each Distribution Date, any Excess Interest received during the related Collection Period with respect to the Mortgage
Loans shall be distributed (i) to the Holders of the Class S Certificates in an amount equal to the Non-VRR Percentage of such
Excess Interest; (ii) to the Holders of the Class VRR Interest Certificates, pro rata based on their respective Certificate
Balances, in an aggregate amount equal to the product of (A) the Pooled VRR Percentage, multiplied by (B) the amount of such Excess
Interest. Excess Interest will not be available to pay any other amounts except for distributions set forth in the prior sentence.

 

(l)            
On the Serviced Whole Loan Remittance Date, with respect to any Serviced Companion Loan, the Companion Paying Agent shall
make withdrawals and payments from the Companion Distribution Account for each Companion Loan in the following order of priority:

 

(i)             
to pay to the Master Servicer any amounts deposited by the Master Servicer in the Companion Distribution Account not required
to be deposited therein;

 

(ii)            
to the extent permitted under the related Intercreditor Agreement and not otherwise previously reimbursed, to pay the Trustee
or the Certificate Administrator or any of their directors, officers, employees and agents, as the case may be, any amounts payable
or reimbursable to any such Person pursuant to Section 8.05, to the extent any such amounts relate solely to a Serviced
Whole Loan related to such Companion Loan, and such amounts are to be paid by the related Companion Holder pursuant to the related
Intercreditor Agreement;

 

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(iii)          
to pay all amounts remaining in the Companion Distribution Account related to such Serviced Companion Loan to the related
Companion Holder, in accordance with the related Intercreditor Agreement; and

 

(iv)          
to clear and terminate the Companion Distribution Account at the termination of this Agreement pursuant to Section 9.01.

 

All distributions from
the Companion Distribution Account required hereunder shall be made by the Companion Paying Agent to the related Companion Holder
by wire transfer in immediately available funds on the Serviced Whole Loan Remittance Date to the account of such Companion Holder
or an agent therefor appearing on the Companion Register on the related Record Date (or, if no such account so appears or information
relating thereto is not provided at least five Business Days prior to the related Record Date, by check sent by first class mail
to the address of such Companion Holder or its agent appearing on the Companion Register). Any such account shall be located at
a commercial bank in the United States.

 

On the final Master Servicer
Remittance Date, the Master Servicer shall withdraw from the Collection Account and deliver to the Certificate Administrator who
shall distribute to the Mortgage Loan Sellers, any Loss of Value Payments relating to the Mortgage Loans that it is servicing and
that were transferred from the Loss of Value Reserve Fund to the Collection Account on the immediately preceding Master Servicer
Remittance Date in accordance with Section 3.05(g)(v).

 

Section 4.02      
Distribution Date Statements; CREFC® Investor Reporting Packages; Grant of Power of Attorney.
(a)  On each Distribution Date, the Certificate Administrator shall make available pursuant to Section 3.13(b)
on the Certificate Administrator’s Website to any Privileged Person a statement (substantially in the form set forth as Exhibit G
hereto and based in part upon information supplied to the Certificate Administrator in the related CREFC® Investor
Reporting Package in accordance with CREFC® guidelines) as to the distributions made on such Distribution Date (each,
a “Distribution Date Statement”) which shall include:

 

(i)            
the amount of the distribution on such Distribution Date to the Holders of each Class of Certificates in reduction of the
Certificate Balance thereof;

 

(ii)           
the aggregate amount of Advances made, with respect to the pool of Mortgage Loans and the Trust Subordinate Companion Loan,
during the period from but not including the previous Distribution Date to and including such Distribution Date and details of
P&I Advances as of the Master Servicer Remittance Date;

 

(iii)           the aggregate amount of compensation paid to the Trustee and the Certificate Administrator, servicing compensation paid
to the Master Servicer and the Special Servicer, compensation paid to the Operating Advisor and CREFC® Intellectual
Property Royalty License Fees paid to CREFC®, in each case, with respect to the Collection Period for such Determination
Date together with detailed calculations of servicing compensation paid to the Master Servicer and the Special Servicer;

 

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(iv)           the aggregate Stated Principal Balance of the Mortgage Loans, the Trust Subordinate Companion Loan and any REO Loans, with
respect to the pool of Mortgage Loans and the Trust Subordinate Companion Loan, outstanding immediately before and immediately
after such Distribution Date;

 

(v)            the aggregate amount of unscheduled payments received;

 

(vi)           the number of loans, their aggregate principal balance, weighted average remaining term to maturity and weighted average
Mortgage Rate of the Mortgage Loans and the Trust Subordinate Companion Loan, with respect to the pool of Mortgage Loans and the
Trust Subordinate Companion Loan, as of the end of the related Collection Period for such Distribution Date;

 

(vii)          the number and aggregate principal balance of the Mortgage Loans or Trust Subordinate Companion Loan (A) delinquent
30 days to 59 days, (B) delinquent 60 days to 89 days, (C) delinquent 90 days to 120 days, (D) current but specially
serviced or in foreclosure but not an REO Property and (E) for which the related Mortgagor is subject to oversight by a bankruptcy
court;

 

(viii)         the value of any REO Property (and, with respect to any Serviced Whole Loan, the trust’s interest therein) included
in the Trust Fund as of the end of the related Determination Date for such Distribution Date, on a loan-by-loan basis, based on
the most recent Appraisal or valuation;

 

(ix)            the Pooled Certificate Available Funds, the Pooled VRR Available Funds, the 225 Bush Non-VRR Available Funds and the 225
Bush VRR Available Funds for such Distribution Date;

 

(x)            
the Interest Accrual Amount in respect of such Class of Certificates for such Distribution Date, separately identifying
any Interest Accrual Amount for such Distribution Date allocated to such Class of Certificates;

 

(xi)            the amount of the distribution on such Distribution Date to the Holders of such Class of Certificates allocable to (A) Prepayment
Premiums and Yield Maintenance Charges and (B) in the case of the Class S Certificates and the VRR Interest, Excess Interest;

 

(xii)           the Pass-Through Rate for such Class of Certificates for such Distribution Date;

 

(xiii)          the Pooled Scheduled Principal Distribution Amount, the Pooled Unscheduled Principal Distribution Amount, the 225 Bush Scheduled
Principal Distribution Amount and the 225 Bush Unscheduled Principal Distribution Amount for such Distribution Date;

 

(xiv)          the Certificate Balance or Notional Amount, as the case may be, of each Class of Certificates immediately before and immediately
after such Distribution Date, separately identifying any reduction therein as a result of the allocation of any Realized

 

 

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Loss on
such Distribution Date and the aggregate amount of all reductions as a result of allocations of Realized Losses in respect of the
Principal Balance Certificates, the VRR Interest or the 225B-VRR Interest, as applicable, to date;

 

(xv)           the Certificate Factor for each Class of Certificates (other than the Class R and Class S Certificates) immediately
following such Distribution Date;

 

(xvi)          the amount of any Appraisal Reduction Amounts effected (including, with respect to any Serviced Whole Loan, the amount allocable
to the related Mortgage Loan and Serviced Companion Loan) in connection with such Distribution Date on a loan-by-loan basis and
the total Appraisal Reduction Amount effected in connection with such Distribution Date;

 

(xvii)         the current Controlling Class;

 

(xviii)        the number and related Stated Principal Balance of any Mortgage Loans or Trust Subordinate Companion Loan extended or modified
since the previous Determination Date (or in the case of the first Distribution Date, as of the Cut-off Date) on a loan-by-loan
basis;

 

(xix)           a loan-by-loan listing of each Mortgage Loan or Trust Subordinate Companion Loan which was the subject of a Principal Prepayment
since the previous Determination Date (or in the case of the first Distribution Date, as of the Cut-off Date) and the amount and
the type of Principal Prepayment occurring;

 

(xx)           a loan-by-loan listing of each Mortgage Loan or Trust Subordinate Companion Loan which was defeased since the previous Determination
Date (or in the case of the first Distribution Date, as of the Cut-off Date);

 

(xxi)          all deposits into, withdrawals from, and the balance of the Interest Reserve Account on the Master Servicer Remittance Date;

 

(xxii)         in the case of the Class R Certificates, the amount of any distributions on such Certificates pursuant to Sections 4.01(a),
4.01(b), 4.01(c) and 4.01(g);

 

(xxiii)        the amount of the distribution on such Distribution Date to the Holders of such Class of Certificates in reimbursement of
any previously allocated Realized Loss;

 

(xxiv)        the aggregate unpaid principal balance of the Mortgage Loans outstanding as of the close of business on the related Determination
Date, with respect to the pool of Mortgage Loans;

 

(xxv)         with respect to any Mortgage Loan or Trust Subordinate Companion Loan as to which a Liquidation Event occurred since the
previous Determination Date (or in the case of the first Distribution Date, as of the Cut-off Date) or prior to the related Determination
Date (other than a payment in full), (A) the loan number thereof, (B) the aggregate of all Liquidation Proceeds and other
amounts received in connection with

 

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such Liquidation Event (separately identifying the portion thereof allocable to distributions
on the Certificates), and (C) the amount of any Realized Loss allocated to the Principal Balance Certificates in connection
with such Liquidation Event;

 

(xxvi)        with respect to any REO Property (including, with respect to any Non-Serviced Whole Loan, the Trust’s interest therein)
included in the Trust as to which the Special Servicer determined, in accordance with the Servicing Standard, that all payments
or recoveries with respect to the Mortgaged Property have been ultimately recovered since the previous Determination Date, (A) the
loan number of the related Mortgage Loan, (B) the aggregate of all Liquidation Proceeds and other amounts received in connection
with that determination (separately identifying the portion thereof allocable to distributions on the Certificates), and (C) the
amount of any Realized Loss allocated to the Principal Balance Certificates, VRR Interest or 225B-VRR Interest in respect of the
related REO Loan in connection with that determination;

 

(xxvii)       the aggregate amount of interest on P&I Advances paid to the Master Servicer and the Trustee since the previous Determination
Date (or in the case of the first Distribution Date, as of the Cut-off Date), with respect to the pool of Mortgage Loans;

 

(xxviii)      [Reserved];

 

(xxix)         the then-current credit support levels for each Class of Certificates;

 

(xxx)          the aggregate amount of Prepayment Premiums and Yield Maintenance Charges on the Mortgage Loans (each separately identified)
or Trust Subordinate Companion Loan collected since the previous Determination Date (or in the case of the first Distribution Date,
as of the Cut-off Date);

 

(xxxi)         a loan-by-loan listing of any material modification, extension or waiver of a Mortgage Loan or Trust Subordinate Companion
Loan;

 

(xxxii)        a loan-by-loan listing of any material breach of the representations and warranties given with respect to a Mortgage Loan
by the applicable Mortgage Loan Seller;

 

(xxxiii)       an itemized listing of any Disclosable Special Servicer Fees received by the Special Servicer or any of its Affiliates with
respect to the related Distribution Date, which information will be provided to the Certificate Administrator by the Master Servicer;

 

(xxxiv)       the amount of any Excess Interest actually received; and

 

(xxxv)       a statement of the identity of the Directing Certificateholder and to the extent that the Directing Certificateholder and
any affiliates thereof primarily operate under an identity other than that of the Directing Certificateholder and the affiliation
of such identity with the Directing Certificateholder is not reasonably evident from the Directing Certificateholder’s name,
the identity pursuant to which the Directing Certificateholder and any affiliates thereof primarily operate.

 

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In the case of information
furnished pursuant to clauses (i), (ix), (x), (xi), (xiv), (xxiii) and (xxxiv)
above, the amounts shall be expressed as a dollar amount in the aggregate for all Certificates of each applicable Class and per
Definitive Certificate.

 

With respect to the information
identified in clause (xxxv), the Certificate Administrator shall be entitled to rely on the statement set forth in Exhibit
P-1G.

 

The Certificate Administrator
has not obtained and shall not be deemed to have obtained actual knowledge of any information only by virtue of its receipt and
posting of such information to the Certificate Administrator’s Website or its filing of such information pursuant to this
Agreement, including, but not limited to, filing via EDGAR.

 

Within a reasonable period
of time after the end of each calendar year, the Certificate Administrator shall furnish to each Person who at any time during
the calendar year was a Holder of a Certificate, a statement containing the information set forth in clauses (i) and
(x) above as to the applicable Class, aggregated for such calendar year or applicable portion thereof during which person
was a Certificateholder, together with such other information as the Certificate Administrator deems necessary or desirable, or
that a Certificateholder or Certificate Owner reasonably requests, to enable Certificateholders to prepare their tax returns for
such calendar year. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that
substantially comparable information shall be provided by the Certificate Administrator pursuant to any requirements of the Code
as from time to time are in force.

 

Upon receipt of an Asset
Review Report Summary from the Asset Representations Reviewer required to be delivered pursuant to Section 12.01(b),
the Certificate Administrator shall (i) include such Asset Review Report Summary in Item 1B on the Form 10-D in accordance
with Section 11.04 for such period in which such Asset Review Report Summary was delivered, and (ii) post such
Asset Review Report Summary to the Certificate Administrator’s Website not later than two (2) Business Days after receipt
of such Asset Review Report Summary from the Asset Representations Reviewer.

 

(b)           
[Reserved].

 

(c)            Each of the Master Servicer and the Special Servicer may, at its sole cost and expense, make available by electronic media,
bulletin board service or, if applicable, Internet website (in addition to making information available as provided herein) any
reports or other information the Master Servicer or the Special Servicer, as applicable, is required or permitted to provide to
any party to this Agreement, the Rating Agencies or any Certificateholder or any prospective Certificateholder that has provided
the Certificate Administrator, the Master Servicer or the Special Servicer, as applicable, with an Investor Certification or has
executed a “click-through” confidentiality agreement in accordance with Section 3.13 hereof (which may
be a licensed or registered investment advisor) to the extent such action does not conflict with the terms of this Agreement (including
without limitation, any requirements to keep Privileged Information confidential), the terms of the Mortgage Loans or applicable
law. Notwithstanding this paragraph, the availability of such information or reports on the Internet or similar electronic media
shall not be deemed to satisfy any specific delivery requirements in this Agreement except

 

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as set forth herein. In connection with
providing access to the Master Servicer’s Internet website, the Master Servicer shall take reasonable measures to ensure
that only such parties listed above may access such information including, without limitation, requiring registration, a confidentiality
agreement and acceptance of a disclaimer. The Master Servicer or the Special Servicer, as applicable, shall not be liable for dissemination
of this information in accordance with this Agreement, and neither the Master Servicer nor the Special Servicer shall be responsible
for any information delivered, produced, or made available pursuant to Sections 3.13 and 4.02(b), other than
information produced by the Master Servicer or Special Servicer, as applicable; provided that such information otherwise
meets the requirements set forth herein with respect to the form and substance of such information or reports. The Master Servicer
shall be entitled to attach to any report provided pursuant to this subsection, any reasonable disclaimer with respect to information
provided, or any assumptions required to be made by such report.

 

The Special Servicer
shall from time to time (and, in any event, as may be reasonably required by the Master Servicer) provide the Master Servicer with
such information in its possession regarding the Specially Serviced Loans and REO Properties as may be necessary for the Master
Servicer to prepare each report and any supplemental information to be provided by the Master Servicer to the Certificate Administrator.
Neither the Certificate Administrator nor the Depositor shall have any obligation to recompute, verify or recalculate the information
provided thereto by the Master Servicer. Unless the Certificate Administrator has actual knowledge that any report or file received
from the Master Servicer contains erroneous information, the Certificate Administrator is authorized to rely thereon in calculating
and making distributions to Certificateholders in accordance with Section 4.01, preparing the Distribution Date Statement
required by Section 4.02(a) and allocating Realized Losses to the Certificates in accordance with Section 4.04.

 

Notwithstanding the foregoing,
the failure of the Master Servicer or Special Servicer to disclose any information otherwise required to be disclosed pursuant
to this Section 4.02(b) or Section 4.02(d) shall not constitute a breach of this Section 4.02(b)
or of Section 4.02(d) to the extent the Master Servicer or the Special Servicer so fails because such disclosure, in
the reasonable belief of the Master Servicer or the Special Servicer, as the case may be, would violate any applicable law or any
provision of a Mortgage Loan document prohibiting disclosure of information with respect to the Mortgage Loans or the Mortgaged
Properties. The Master Servicer or the Special Servicer may affix to any information provided by it any disclaimer it deems appropriate
in its reasonable discretion (without suggesting liability on the part of any other party hereto).

 

(d)           
Upon the written request of a Certificateholder, any beneficial owner of a Certificate, or any prospective purchaser of
a Certificate that is a Qualified Institutional Buyer and is designated by a Certificateholder or a beneficial owner of a Certificate
as such and, in any case, has delivered an Investor Certification to the Depositor and the Certificate Administrator, as soon as
reasonably practicable, at the expense of the requesting party, the Certificate Administrator shall make available to the requesting
party such information that is in the Certificate Administrator’s possession or can reasonably be obtained by the Certificate
Administrator as is requested by such person, for purposes of satisfying applicable reporting requirements under Rule 144A
under the Securities Act. Neither the Certificate Registrar, nor the Certificate Administrator shall have any responsibility for
the sufficiency under Rule 144A

 

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or any other securities laws of any available information so furnished to any person including
any prospective purchaser of a Certificate or any interest therein, nor for the content or accuracy of any information so furnished
which was prepared or delivered to them by another.

 

(e)            The information to which any Certificateholder is entitled is limited to the information gathered and provided to the Certificateholder
by the parties hereto pursuant to this Agreement and by acceptance of any Certificate, each Certificateholder agrees that except
as specifically provided herein, no Certificateholder shall contact any Mortgagor directly with respect to any Mortgage Loan.

 

(f)            
Upon the reasonable request of any Excluded Controlling Class Holder identified to the Master Servicer (in the case of a
Non-Specially Serviced Loan) or the Special Servicer (in the case of a Specially Serviced Loan) to the Master Servicer’s
or Special Servicer’s reasonable satisfaction (at the expense of such Excluded Controlling Class Holder) and if such information
is in the Master Servicer’s or Special Servicer’s possession, the Master Servicer or Special Servicer, as applicable,
shall provide or make available (or forward electronically) to such Excluded Controlling Class Holder (at the expense of such Excluded
Controlling Class Holder) any Excluded Information (available to Privileged Persons through the Certificate Administrator’s
Website but not accessible to such Excluded Controlling Class Holder through the Certificate Administrator’s Website on account
of it constituting Excluded Information) relating to any Excluded Controlling Class Loan with respect to which such Excluded Controlling
Class Holder is not a Borrower Party; provided that, in connection therewith, the Master Servicer or Special Servicer may
require a written confirmation executed by the requesting Person substantially in such form as may be reasonably acceptable to
the Master Servicer or Special Servicer, generally to the effect that such Person is the Directing Certificateholder, a Controlling
Class Certificateholder or a 225 Bush Controlling Class Certificateholder, will keep such Excluded Information confidential and
is not a Borrower Party, upon which the Master Servicer or Special Servicer may conclusively rely. In addition, the Master Servicer
and the Special Servicer shall be entitled to conclusively rely on delivery from the Directing Certificateholder, a Controlling
Class Certificateholder or a 225 Bush Controlling Class Certificateholder, as applicable, of an Investor Certification substantially
in the form of Exhibit P-1B that such Directing Certificateholder, Controlling Class Certificateholder or 225 Bush Controlling
Class Certificateholder is not an Excluded Controlling Class Holder with respect to a particular Mortgage Loan. For the avoidance
of doubt, the Special Servicer referenced in this Section 4.02(f) shall include any applicable Excluded Special Servicer
with respect to the related Excluded Special Servicer Loan(s).

 

Section 4.03      
P&I Advances. (a)  On or before 4:00 p.m., New York City time, on each Master Servicer Remittance
Date, the Master Servicer shall either (i) remit to the Certificate Administrator for deposit from its own funds into the
(A) Lower-Tier REMIC Distribution Account, an amount equal to the aggregate amount of P&I Advances, if any, with respect to
the Mortgage Loans to be made in respect of the related Distribution Date or (B) Trust Subordinate Companion Loan REMIC Distribution
Account, an amount equal to the aggregate amount of P&I Advances, if any, with respect to the Trust Subordinate Companion Loan
to be made in respect of the related Distribution Date or (ii) apply amounts held in the Collection Account, for future distribution
to Certificateholders in subsequent months in discharge of any such obligation to make P&I Advances with respect to the Mortgage
Loans or the Trust

 

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Subordinate Companion Loan, or (iii) make
P&I Advances in the form of any combination of clauses (i) and (ii), aggregating the total amount of P&I
Advances to be made. Any amounts held in the Collection Account for future distribution and so used to make P&I Advances with
respect to the Mortgage Loans or the Trust Subordinate Companion Loan shall be appropriately reflected in the Master Servicer’s
records and replaced by the Master Servicer by deposit in the Collection Account on or before the next succeeding Master Servicer
Remittance Date (to the extent not previously replaced through the deposit of Late Collections of the delinquent principal and/or
interest in respect of which P&I Advances were made). The Master Servicer shall notify the Certificate Administrator of (i) the
aggregate amount of P&I Advances with respect to the Mortgage Loans or the Trust Subordinate Companion Loan for a Distribution
Date and (ii) the amount of any Nonrecoverable P&I Advances with respect to the Mortgage Loans or the Trust Subordinate
Companion Loan for such Distribution Date, on or before two (2) Business Days prior to such Distribution Date. If the Master Servicer
fails to make a required P&I Advance by 4:00 p.m., New York City time, on any Master Servicer Remittance Date, the Trustee
shall make such P&I Advance pursuant to 0 by noon, New York City time, on the related Distribution Date, unless the
Master Servicer shall have cured such failure (and provided written notice of such cure to the Trustee and the Certificate Administrator)
by 11:00 a.m., New York City time, on such Distribution Date. In the event that the Master Servicer fails to make a required
P&I Advance hereunder, the Certificate Administrator shall notify the Trustee of such circumstances by 4:30 p.m., New
York City time, on the related Master Servicer Remittance Date. Notwithstanding the foregoing, the portion of any P&I Advance
equal to the CREFC® Intellectual Property Royalty License Fee for the related Mortgage Loans or the Trust Subordinate
Companion Loan shall not be remitted to the Certificate Administrator for deposit into the Lower-Tier REMIC Distribution Account
but shall be deposited into the Collection Account for payment to CREFC® on such Distribution Date.

 

To the extent required
under the related Intercreditor Agreement, if a P&I Advance is made with respect to any Mortgage Loan with a related Serviced
Companion Loan, the Master Servicer or Trustee, as applicable, shall notify the Other Servicer and the Other Trustee of the amount
of the P&I Advance it made with respect to such Mortgage Loan within two (2) Business Days of making such P&I Advance.

 

(b)           
Subject to Section 4.03(b) and Section 4.03(e) below, the amount of P&I Advances to be made by the Master
Servicer with respect to any Distribution Date and each Mortgage Loan or Trust Subordinate Companion Loan, shall be equal to: (i) the
Periodic Payments (net of related Servicing Fees and, in the case of any Non-Serviced Mortgage Loan, a fee accruing at the related
Non-Serviced Primary Servicing Fee Rate) other than Balloon Payments, that were due on the Mortgage Loans (including any Non-Serviced
Mortgage Loan), the Trust Subordinate Companion Loan and any REO Loan (including any portion of a REO Loan related to the Trust
Subordinate Companion Loan, but excluding any portion of an REO Loan related to a Companion Loan) during the related Collection
Period and delinquent as of the close of business on the Business Day preceding the related Master Servicer Remittance Date (or
not advanced by any Sub-Servicer on behalf of the Master Servicer) and (ii) with respect to each Mortgage Loan and Trust Subordinate
Companion Loan delinquent in respect of its Balloon Payment as of the Master Servicer Remittance Date (including any REO Loan (including
any portion of a REO Loan related to the Trust Subordinate Companion Loan, but excluding any portion of an REO Loan related to
any other Companion Loan) as to which the related Balloon

 

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Payment would have been past due), an amount equal to the Pooled Assumed
Scheduled Payment or 225 Bush Assumed Scheduled Payment, as applicable, therefor. Subject to subsection (b) below,
the obligation of the Master Servicer to make such P&I Advances is mandatory, and with respect to any Mortgage Loan (including
any Non-Serviced Mortgage Loan), Trust Subordinate Companion Loan or REO Loan (including any portion of a REO Loan related to the
Trust Subordinate Companion Loan, but excluding any portion of an REO Loan related to any other Companion Loan), shall continue
until the Distribution Date on which the proceeds, if any, received in connection with a Liquidation Event or the disposition of
the REO Property, as the case may be, with respect thereto are to be distributed. No P&I Advances shall be made with respect
to any Companion Loan other than the Trust Subordinate Companion Loan.

 

(c)            
Notwithstanding anything herein to the contrary, no P&I Advance shall be required to be made hereunder if such P&I
Advance would, if made, constitute a Nonrecoverable P&I Advance. With respect to each Serviced Mortgage Loan or Trust Subordinate
Companion Loan, if the Master Servicer, Special Servicer or Trustee has determined that a P&I Advance or Servicing Advance
with respect to such Mortgage Loan or Trust Subordinate Companion Loan, would be or has become a Nonrecoverable Advance, the Master
Servicer shall provide each Other Servicer and Other Trustee written notice of such determination within the time period required
by the related Intercreditor Agreement. With respect to each Non-Serviced Mortgage Loan, the Master Servicer will be required to
make its determination (based on information provided by the applicable Non-Serviced Master Servicer and Non-Serviced Special Servicer)
that it has made a P&I Advance on such Non-Serviced Mortgage Loan that is a Nonrecoverable Advance or that any proposed P&I
Advance would, if made, constitute a Nonrecoverable Advance with respect to such Non-Serviced Mortgage Loan independently of any
determination made by the applicable Non-Serviced Master Servicer, the applicable Non-Serviced Special Servicer or the Non-Serviced
Trustee, as the case may be, under the applicable Non-Serviced PSA in respect of the related Non-Serviced Companion Loan (and if
the Special Servicer or the Trustee elects to make and makes such a determination, then it shall make such determination independently
of any such determination by such other Person). If the Master Servicer, the Special Servicer or the Trustee determines that a
proposed P&I Advance with respect to a Non-Serviced Mortgage Loan, if made, or any outstanding P&I Advance with respect
to a Non-Serviced Mortgage Loan previously made, would be, or is, as applicable, a Nonrecoverable Advance, the Master Servicer,
Special Servicer or Trustee, as applicable, shall provide the applicable Non-Serviced Master Servicer and Non-Serviced Special
Servicer written notice of such determination within two (2) Business Days of the date of such determination. If the Master Servicer
receives written notice from the related Non-Serviced Master Servicer or the related Non-Serviced Special Servicer, as the case
may be, that either has determined in accordance with the applicable Non-Serviced PSA with respect to a Non-Serviced Companion
Loan, that any proposed advance under the applicable Non-Serviced PSA that is similar to a P&I Advance would be, or any outstanding
advance under such Non-Serviced PSA that is similar to a P&I Advance is, a nonrecoverable advance, then the Master Servicer
or the Trustee may, based upon such determination, determine that any P&I Advance previously made or proposed to be made with
respect to the related Non-Serviced Mortgage Loan, will be a Nonrecoverable P&I Advance. Thereafter, in either case, the Master
Servicer and the Trustee shall not be required to make any additional P&I Advances with respect to the related Non-Serviced
Mortgage Loan unless and until the Master Servicer or the Trustee, as the case may be, determines that any such

 

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additional P&I
Advances with respect to the related Non-Serviced Mortgage Loan would not be a Nonrecoverable P&I Advance, which determination
may be as a result of consultation with the related Non-Serviced Master Servicer or the related Non-Serviced Special Servicer,
as the case may be, or otherwise. For the avoidance of doubt, the Master Servicer, the Special Servicer or the Trustee, as the
case may be, shall have the sole discretion provided in this Agreement to determine that any future P&I Advance or outstanding
P&I Advance would be, or is, as applicable, a Nonrecoverable Advance.

 

(d)           
In connection with the recovery of any P&I Advance out of the Collection Account, pursuant to Section 3.05(a),
the Master Servicer shall be entitled to pay the Trustee and itself (in that order of priority) as the case may be, out of any
amounts then on deposit in the Collection Account (but in no event from any funds allocable to a Serviced Companion Noteholder
(unless related thereto), except to the extent permitted pursuant to the terms of the related Intercreditor Agreement), interest
at the Reimbursement Rate in effect from time to time, accrued on the amount of such P&I Advance from the date made to but
not including the date of reimbursement; provided, however, that no interest will accrue on any P&I Advance (i) made
with respect to a Mortgage Loan or Trust Subordinate Companion Loan until after the related Due Date has passed and any applicable
Grace Period has expired or (ii) if the related Periodic Payment is received after the Determination Date but on or prior
to the related Master Servicer Remittance Date. The Master Servicer shall reimburse itself and/or the Trustee, as the case may
be, for any outstanding P&I Advance, subject to Section 3.17 of this Agreement, as soon as practicably possible
after funds available for such purpose are deposited in the Collection Account.

 

(e)            Notwithstanding the foregoing, (i) neither the Master Servicer nor the Trustee shall make an advance for Yield Maintenance
Charges, Default Interest, late payment charges, Prepayment Premiums, Balloon Payments, Excess Interest or any P&I Advance
with respect to any Companion Loan or with respect to any cure payment payable by any AB Whole Loan Controlling Holder (other than
any Trust Subordinate Companion Loan) and (ii) if an Appraisal Reduction Amount has been made with respect to any Mortgage
Loan (or, in the case of a Non-Serviced Whole Loan, an Appraisal Reduction Amount has been made in accordance with the related
Non-Serviced PSA and the Master Servicer has notice of such Appraisal Reduction Amount) or Trust Subordinate Companion Loan, then
in the event of subsequent delinquencies thereon, the interest portion of the P&I Advance in respect of such Mortgage Loan
or Trust Subordinate Companion Loan for the related Distribution Date shall be reduced (it being herein acknowledged that there
shall be no reduction in the principal portion of such P&I Advance) to equal the product of (x) the amount of the interest
portion of such P&I Advance for such Mortgage Loan or Trust Subordinate Companion Loan for such Distribution Date without regard
to this clause (ii), and (y) a fraction, expressed as a percentage, the numerator of which is equal to the Stated
Principal Balance of such Mortgage Loan or Trust Subordinate Companion Loan, as applicable, immediately prior to such Distribution
Date, net of the related Appraisal Reduction Amount (or, in the case of a Serviced Whole Loan, the portion of such Appraisal Reduction
Amount allocated to the related Mortgage Loan or Trust Subordinate Companion Loan), if any, and the denominator of which is equal
to the Stated Principal Balance of such Mortgage Loan or Trust Subordinate Companion Loan immediately prior to such Distribution
Date. For purposes of the immediately preceding sentence, (a) the Periodic Payment due on the Maturity Date for a Mortgage
Loan that is a Balloon Mortgage Loan will be the Pooled Assumed

 

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Scheduled Payment for the related Distribution Date, and (b) the
Periodic Payment due on the Maturity Date for a Trust Subordinate Companion Loan that is a Balloon Mortgage Loan will be the 225
Bush Assumed Scheduled Payment for the related Distribution Date.

 

(f)            
In no event shall either the Master Servicer or the Trustee be required to make a P&I Advance with respect to any Companion
Loan (other than the Trust Subordinate Companion Loan).

 

Section 4.04      
Allocation of Realized Losses. (a)  On each Distribution Date, immediately following the distributions
to be made on such date pursuant to Section 4.01, the Certificate Administrator shall calculate the amount of any Realized
Losses. Any allocation of Pooled Non-VRR Realized Losses to a Class of Pooled Regular Certificates shall be made by reducing the
Certificate Balance thereof by the amount so allocated. Any Pooled Non-VRR Realized Losses so allocated to a Class of Pooled Regular
Certificates shall be allocated among the respective Certificates of such Class in proportion to the Percentage Interests evidenced
thereby. The allocation of Pooled Non-VRR Realized Losses shall constitute an allocation of losses and other shortfalls experienced
by the Trust. Reimbursement of previously allocated Pooled Non-VRR Realized Losses will not constitute distributions of principal
for any purpose and will not result in an additional reduction in the Certificate Balance of the Class of Certificates in respect
of which any such reimbursement is made. With respect to any Class of Pooled Principal Balance Certificates, to the extent any
Nonrecoverable Advances (plus interest thereon) that were reimbursed from principal collections on the Mortgage Loans and previously
resulted in a reduction of the Pooled Non-VRR Principal Distribution Amount are subsequently recovered on the related Mortgage
Loan, the amount of such recovery will be added to the Certificate Balance of the Class or Classes of Pooled Principal Balance
Certificates that previously were allocated Pooled Non-VRR Realized Losses, in sequential order, in each case up to the amount
of the unreimbursed Pooled Non-VRR Realized Losses allocated to such Class of Certificates.

 

On each Distribution
Date, immediately following the distributions to be made on such date pursuant to Section 4.01, the Certificate Administrator
shall calculate the amount of any 225 Bush Non-VRR Realized Losses. Any allocation of 225 Bush Non-VRR Realized Losses to the Class
225B-A, Class 225B-B, Class 225B-C, Class 225B-D and Class 225B-E Certificates shall be made by reducing the Certificate Balance
thereof by the amount so allocated. Any 225 Bush Non-VRR Realized Losses so allocated to such a Class of Loan-Specific Certificates
shall be allocated among the respective Certificates of such Class in proportion to the Percentage Interests evidenced thereby.
The allocation of 225 Bush Non-VRR Realized Losses shall constitute an allocation of losses and other shortfalls experienced by
the Trust. Reimbursement of previously allocated 225 Bush Non-VRR Realized Losses will not constitute distributions of principal
for any purpose and will not result in an additional reduction in the Certificate Balance of the Class of Certificates in respect
of which any such reimbursement is made. With respect to any Class of the Class 225B-A, Class 225B-B, Class 225B-C, Class 225B-D
and Class 225B-E Certificates, to the extent any Nonrecoverable Advances (plus interest thereon) that were reimbursed from principal
collections on the Trust Subordinate Companion Loan and previously resulted in a reduction of the 225 Bush Non-VRR Principal Distribution
Amount are subsequently recovered on the Trust Subordinate Companion Loan, the amount of such recovery will be added to the Certificate
Balance of the Class or

 

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Classes of Class 225B-A, Class 225B-B, Class 225B-C, Class 225B-D and Class 225B-E Certificates that previously
were allocated 225 Bush Non-VRR Realized Losses, in sequential order, in each case up to the amount of the unreimbursed 225 Bush
Non-VRR Realized Losses allocated to such Class of Certificates

 

(b)           
On each Distribution Date, the Certificate Balances of the Pooled Principal Balance Certificates will be reduced without
distribution, as a write-off to the extent of any Pooled Non-VRR Realized Losses, if any, allocable to such Certificates with respect
to such Distribution Date. Any such write off shall be allocated first, to the Class NR-RR Certificates, second,
to the Class G-RR Certificates, third, to the Class F-RR Certificates, fourth, to the Class E Certificates,
fifth, to the Class D Certificates, sixth, to the Class C Certificates, seventh, to the Class B
Certificates, eighth, to the Class A-S Certificates and then, pro rata (based on their respective Certificate
Balances), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-SB Certificates,
in each case until the remaining Certificate Balances of such Classes of Certificates have been reduced to zero. In addition, on
each Distribution Date, the Certificate Balances of the Loan-Specific Principal Balance Certificates will be reduced without distribution,
as a write-off to the extent of any 225 Bush Non-VRR Realized Loss, if any, allocable to such Certificates with respect to such
Distribution Date. Any such write off shall be allocated first, to the Class 225B-E Certificates, second, to
the Class 225B-D Certificates, third, to the Class 225B-C Certificates, fourth, to the Class 225B-B Certificates,
and then, to the Class 225B-A Certificates, in each case until the remaining Certificate Balances of such Classes of
Certificates have been reduced to zero.

 

(c)            
With respect to any Distribution Date, any Pooled Non-VRR Realized Losses allocated to a Class of Pooled Principal Balance
Certificates pursuant to Section 4.04(a) or Section 4.04(a), respectively, with respect to such Distribution
Date shall reduce the Lower-Tier Principal Amount of the Related Lower-Tier Regular Interest with respect thereto as a write-off.
With respect to any Distribution Date, any 225 Bush Non-VRR Realized Losses allocated to a Class of Loan-Specific Certificates
pursuant to Section 4.04(a) or Section 4.04(a), respectively, with respect to such Distribution Date shall
reduce the Lower-Tier Principal Amount of the Related Trust Subordinate Companion Loan REMIC Regular Interest with respect thereto
as a write-off.

 

On each Distribution
Date, any Pooled VRR Realized Loss for such Distribution Date shall be allocated to the Class VRR Upper-Tier Regular Interest;
and, in connection therewith, the Certificate Balance of the Class VRR Upper-Tier Regular Interest will be reduced without distribution,
as a write-off, to the extent of such VRR Realized Loss. On each Distribution Date, any 225 Bush VRR Realized Loss for such Distribution
Date shall be allocated to the Class 225B-VRR Upper-Tier Regular Interest; and, in connection therewith, the Certificate Balance
of the Class 225B-VRR Upper-Tier Regular Interest will be reduced without distribution, as a write-off, to the extent of such 225
Bush VRR Realized Loss.

 

Section 4.05      
Appraisal Reduction Amounts; Collateral Deficiency Amounts. (a)  For purposes of (x) determining the
Controlling Class (and whether a Control Termination Event or an Operating Advisor Consultation Event has occurred and is continuing)
and (y) determining the Voting Rights of the related Classes for purposes of removal of the Special Servicer or the Operating
Advisor, the Pooled VRR Percentage of Appraisal Reduction Amounts

 

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will be allocated to the VRR Interest to notionally reduce (to
not less than zero) the Certificate Balance of the VRR Interest. The Pooled Non-VRR Percentage of the Appraisal Reduction Amounts
allocated to the Mortgage Loans (with respect to a Serviced Whole Loan, to the extent allocated to the related Mortgage Loan) will
be allocated to each Class of Pooled Principal Balance Certificates in reverse sequential order to notionally reduce the related
Certificate Balances until the Certificate Balance of each such Class is reduced to zero (i.e., first, to the Class NR-RR
Certificates, second, to the Class G-RR Certificates, third, to the Class F-RR Certificates, fourth,
to the Class E Certificates, fifth, to the Class D Certificates, sixth, to the Class C Certificates,
seventh, to the Class B Certificates, eighth, to the Class A-S Certificates, and, finally to the
Class A-1, Class A-2, Class A-SB, Class A-3, Class A-4 and Class A-5 Certificates, pro rata, based on their
Certificate Balances.

 

As of the first Determination
Date after a Mortgage Loan (other than a Non-Serviced Mortgage Loan) or the Trust Subordinate Companion Loan becomes an AB Modified
Loan, the Master Servicer shall calculate whether a Collateral Deficiency Amount exists with respect to such AB Modified Loan,
taking into account the most recent Appraisal obtained by the Special Servicer with respect to such Mortgage Loan or Trust Subordinate
Companion Loan, as applicable, and all other information relevant to a Collateral Deficiency Amount determination. Upon obtaining
knowledge or receipt of notice by the Master Servicer that a Non-Serviced Mortgage Loan has become an AB Modified Loan, the Master
Servicer shall (i) promptly request from the related Non-Serviced Master Servicer, Non-Serviced Special Servicer and Non-Serviced
Trustee the most recent appraisal with respect to such AB Modified Loan, in addition to all other information reasonably required
by the Master Servicer to calculate whether a Collateral Deficiency Amount exists with respect to such AB Modified Loan, and (ii) as
of the first Determination Date following receipt by the Master Servicer of the appraisal and any other information set forth in
the immediately preceding clause (i) that the Master Servicer reasonably expects to receive, calculate whether a Collateral
Deficiency Amount exists with respect to such AB Modified Loan, taking into account the most recent appraisal obtained by the Non-Serviced
Special Servicer with respect to such Non-Serviced Mortgage Loan, and all other information relevant to a Collateral Deficiency
Amount determination. Upon obtaining knowledge or receipt of notice by any other party to this Agreement that a Non-Serviced Mortgage
Loan has become an AB Modified Loan, such party shall promptly notify the Master Servicer thereof. The Special Servicer shall provide
(via electronic delivery) the Master Servicer with any information in its possession that is reasonably required to determine,
redetermine, calculate or recalculate any Collateral Deficiency Amount for any Mortgage Loan (other than any Non-Serviced Mortgage
Loan) and any Serviced Companion Loan using reasonable efforts to deliver such information within five (5) Business Days of the
Master Servicer’s reasonable request. None of the Special Servicer, the Trustee, the Operating Advisor or the Certificate
Administrator shall calculate or verify any Collateral Deficiency Amount. Upon reasonable prior written request, the Special Servicer
shall use reasonable efforts to assist the Master Servicer in obtaining information reasonably required to calculate or recalculate
any Collateral Deficiency Amount with respect to a Non-Serviced Mortgage Loan in the event that the Master Servicer is unsuccessful
in obtaining such information from the related Non-Serviced Master Servicer, Non-Serviced Special Servicer or Non-Serviced Trustee.

 

For purposes of determining
the Controlling Class and whether a Control Termination Event or an Operating Advisor Consultation Event has occurred and is continuing,

 

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Collateral Deficiency Amounts allocated to an AB Modified Loan will be allocated by applying the Pooled Non-VRR Percentage of the
Collateral Deficiency Amounts to each Class of Control Eligible Certificates in reverse sequential order to notionally reduce the
related Certificate Balances until the Certificate Balance of each such Class of Control Eligible Certificates is reduced to zero.
For the avoidance of doubt, for purposes of determining the Controlling Class or the occurrence of a Control Termination Event
or an Operating Advisor Consultation Event, any Class of Control Eligible Certificates shall be allocated the Pooled Non-VRR Percentage
of both applicable Appraisal Reduction Amounts and applicable Collateral Deficiency Amounts (the sum of which shall constitute
the applicable Cumulative Appraisal Reduction Amount), in accordance with this Section 4.05(a).

 

For purposes of determining
the 225 Bush Controlling Class and the occurrence of a 225 Bush Control Appraisal Period, Appraisal Reduction Amounts allocated
to the 225 Bush Whole Loan will be allocated first to the Trust Subordinate Companion Loan and then to the 225 Bush Mortgage Loan.
The 225 Bush Non-VRR Percentage of the Appraisal Reduction Amounts allocated to a Trust Subordinate Companion Loan will be allocated
to each class of Loan-Specific Certificates in reverse sequential order to notionally reduce the Certificate Balance thereof until
the related Certificate Balance of each such class is reduced to zero (i.e., first, to the Class 225B-E Certificates, second, to
the Class 225B-D Certificates, third, to the Class 225B-C Certificates, fourth, to the Class 225B-B Certificates, and finally,
to the Class 225B-A Certificates). The 225 Bush VRR Percentage of the Appraisal Reduction Amounts allocated a Trust Subordinate
Companion Loan will be allocated to the Class 225B-VRR Certificates to notionally reduce (to not less than zero) the Certificate
Balance of the Class 225B-VRR Certificates. In addition, for purposes of determining the 225 Bush Controlling Class and the occurrence
of a 225 Bush Control Appraisal Period, 225 Bush Non-VRR Percentage of Collateral Deficiency Amounts allocated to the Trust Subordinate
Companion Loan will be allocated to each class of 225 Bush Control Eligible Certificates in reverse sequential order to notionally
reduce the Certificate Balance thereof until the related Certificate Balance of each such class is reduced to zero (i.e., first,
to the Class 225B-E Certificates, second, to the Class 225B-D Certificates, third, to the Class 225B-C Certificates, fourth, to
the Class 225B-B Certificates, and finally, to the Class 225B-A Certificates). For the avoidance of doubt, for purposes of determining
the 225 Bush Controlling Class and the occurrence of a 225 Bush Control Appraisal Period, any Class of 225 Bush Control Eligible
Certificates will be allocated both applicable Appraisal Reduction Amounts and applicable Collateral Deficiency Amounts, as described
in this paragraph.

 

The Master Servicer shall
promptly notify the Special Servicer and the Certificate Administrator of the amount of any Appraisal Reduction Amount (which notification
shall be made by delivery of the CREFC® Loan Periodic Update File in accordance with Section 3.12(d)),
any Collateral Deficiency Amount and any resulting Cumulative Appraisal Reduction Amount with respect to each Mortgage Loan, AB
Modified Loan or Serviced Whole Loan, if any (which notification shall be satisfied through delivery of such information included
in the CREFC® Loan Periodic Update File and the CREFC® Appraisal Reduction Amount Template included
in the CREFC® Investor Reporting Package, or such report mutually agreed upon between Master Servicer and Certificate
Administrator, which shall be delivered simultaneously with the CREFC® Loan Periodic Update File in accordance with
Section 3.12(d)). Based on information in its possession, the Certificate Administrator shall

 

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determine from time to
time which Class of Certificates is the Controlling Class. The Certificate Administrator shall provide notice of the identity of
the Controlling Class as set forth in Section 3.23(m). With respect to any Appraisal Reduction Amount or Collateral
Deficiency Amount, as applicable, calculated for purposes of determining (i) the Voting Rights of the related Classes for purposes
of removing the Special Servicer or (ii) the Controlling Class, the appraised value of the related Mortgaged Property will be determined
on an “as-is” basis.

 

(b)           
(i)  The Holders of the majority of Voting Rights of any Class of Control Eligible Certificates or 225 Bush Control
Eligible Certificates that is determined at any time of determination to no longer be the Controlling Class (any such Class, an
“Appraised-Out Class”) as a result of an Appraisal Reduction Amount or Collateral Deficiency Amount in respect
of such Class shall have the right, at their sole expense, to require the Special Servicer to order a second Appraisal with respect
to any Mortgage Loan (or Serviced Whole Loan) for which an Appraisal Reduction Event has occurred or as to which there exists a
Collateral Deficiency Amount (such Holders, the “Requesting Holders”). The Special Servicer shall use its reasonable
efforts to cause such second Appraisal to be (A) delivered within thirty (30) days from receipt of the Requesting Holders’
written request and (B) prepared on an “as-is” basis by an MAI appraiser (provided that such MAI appraiser may
not be the same MAI appraiser that provided the Appraisal in respect of which the Requesting Holders are requesting the Special
Servicer to obtain an additional Appraisal).

 

(ii)            
Upon receipt of any supplemental Appraisal pursuant to clause (i) above, the Special Servicer shall determine,
in accordance with the Servicing Standard, whether, based on its assessment of such supplemental Appraisal, any recalculation of
the Appraisal Reduction Amount or Collateral Deficiency Amount is warranted, and if so warranted shall direct the Master Servicer
to, and the Master Servicer shall, recalculate the Appraisal Reduction Amount or Collateral Deficiency Amount, as applicable, based
on such supplemental appraisal. If required by such recalculation, the Appraised-Out Class shall be reinstated as the Controlling
Class or the 225 Bush Controlling Class, as applicable, and each other Appraised-Out Class shall, if applicable, have its related
Certificate Balance notionally restored to the extent required by such recalculation of the Appraisal Reduction Amount or Collateral
Deficiency Amount, as applicable. The Holders of an Appraised-Out Class requesting any supplemental Appraisal pursuant to clause (i)
above shall refrain from exercising any direction, control, consent and/or similar rights of the Controlling Class or the 225 Bush
Controlling Class, as applicable, until such time, if any, as the Class is reinstated as the Controlling Class or the 225 Bush
Controlling Class, as applicable (such period beginning upon receipt by the Special Servicer of any request to obtain a supplemental
Appraisal pursuant to clause (i) above to but excluding the date on which either (A) the Special Servicer determines
that no recalculation of the Appraisal Reduction Amount or Collateral Deficiency Amount is warranted or (B) the Master Servicer
recalculates the Appraisal Reduction Amount or Collateral Deficiency Amount, as applicable, based on the supplemental Appraisal
and receipt of any information requested by the Master Servicer pursuant to this section, the “Appraisal Review Period”).
The rights of the Controlling Class or the 225 Bush Controlling Class, as applicable, during each Appraisal Review Period shall
be exercised by the next most senior Control Eligible Certificates or 225 Bush Control Eligible Certificates, as applicable, if
any.

 

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(c)            
With respect to each Mortgage Loan (other than a Non-Serviced Mortgage Loan), and each Serviced Whole Loan as to which an
Appraisal Reduction Event has occurred (unless such Mortgage Loan or Serviced Whole Loan has become a Corrected Loan (for such
purposes taking into account any amendment or modification of such Mortgage Loan, any related Serviced Companion Loan or Serviced
Whole Loan)), the Special Servicer shall (1) within thirty (30) days of each anniversary of the related Appraisal Reduction
Event, and (2) upon its determination that the value of the related Mortgaged Property has materially changed, notify the
Master Servicer of the occurrence of such anniversary or determination and order an Appraisal (which may be an update of a prior
Appraisal), the cost of which shall be paid by the Master Servicer as a Servicing Advance or to the extent it would be a Nonrecoverable
Advance, an expense of the Trust, or conduct an internal valuation, as applicable and, promptly following receipt of any such Appraisal
or performance of such valuation (or receipt of any Appraisal obtained in accordance with Section 4.05(b) above), shall
deliver a copy thereof to the Master Servicer, the Certificate Administrator, the Trustee, the Operating Advisor and ((i) prior
to the occurrence of any Consultation Termination Event and (ii) other than with respect to any Excluded Loan) the Directing
Certificateholder. Based upon such Appraisal or internal valuation (or any Appraisal obtained in accordance with Section 4.05(b)
above) and receipt of information reasonably requested by the Master Servicer from the Special Servicer necessary to calculate
the Appraisal Reduction Amount or Collateral Deficiency Amount, the Master Servicer shall determine or redetermine, as applicable,
and report to the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor and ((i) prior to the
occurrence of any Consultation Termination Event and (ii) other than with respect to any Excluded Loan) the Directing Certificateholder,
the amount and calculation or recalculation of the Appraisal Reduction Amount or Collateral Deficiency Amount with respect to such
Mortgage Loan, Companion Loan or Serviced Whole Loan, as applicable, and such report shall be delivered in the CREFC®
Appraisal Reduction Amount Template format; provided, however, that the Master Servicer shall not be liable for failure
to comply with such duties insofar as such failure results from a failure of the Special Servicer to provide sufficient information
to the Master Servicer to comply with such duties or failure by the Special Servicer to otherwise comply with its obligations hereunder.
Such report shall also be forwarded by the Master Servicer (or the Special Servicer if the related Mortgage Loan is a Specially
Serviced Loan), to the extent the related Serviced Companion Loan has been included in an Other Securitization, to the Other Servicer
of such Other Securitization into which the related Serviced Companion Loan has been sold, or to the holder of any related Serviced
Companion Loan by the Master Servicer (or the Special Servicer if the related Mortgage Loan is a Specially Serviced Loan). If the
Master Servicer is required to redetermine the Appraisal Reduction Amount or Collateral Deficiency Amount, such redetermined Appraisal
Reduction Amount or Collateral Deficiency Amount shall replace the prior Appraisal Reduction Amount or Collateral Deficiency Amount,
as applicable, with respect to such Mortgage Loan, Companion Loan or Serviced Whole Loan, as applicable. Prior to the occurrence
of a Consultation Termination Event and other than with respect to any Excluded Loan, the Special Servicer shall consult with the
Directing Certificateholder with respect to any Appraisal, valuation or downward adjustment in connection with an Appraisal Reduction
Amount or Collateral Deficiency Amount. Notwithstanding the foregoing but subject to Section 4.05(b), the Special Servicer
will not be required to obtain an Appraisal or conduct an internal valuation, as applicable, with respect to a Mortgage Loan or
related Companion Loan or Serviced Whole Loan that is the subject of an Appraisal Reduction Event to the extent the

 

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Special Servicer
has obtained an Appraisal or conducted such a valuation (in accordance with requirements of this Agreement), as applicable, with
respect to the related Mortgaged Property within the twelve-month period immediately prior to the occurrence of the Appraisal Reduction
Event. Instead, the Master Servicer may use the prior Appraisal or valuation, as applicable, in calculating any Appraisal Reduction
Amount or Collateral Deficiency Amount with respect to such Mortgage Loan or related Companion Loan or Serviced Whole Loan; provided
that the Special Servicer has not notified the Master Servicer of any material change to the related Mortgaged Property having
occurred and affecting the validity of such Appraisal or valuation. The Special Servicer, upon reasonable prior written request,
shall provide the Master Servicer with information in its possession that is reasonably required to determine, calculate, redetermine
or recalculate any Appraisal Reduction Amount, using reasonable efforts to deliver such information, within five (5) Business Days
following the Master Servicer’s reasonable request therefor.

 

(d)           
Any Mortgage Loan (other than a Non-Serviced Mortgage Loan), any related Serviced Companion Loan and any Serviced Whole
Loan, previously subject to an Appraisal Reduction Amount, which has become a Corrected Loan (for such purposes taking into account
any amendment or modification of such Mortgage Loan, any related Serviced Companion Loan and any Serviced Whole Loan, as applicable),
and with respect to which no other Appraisal Reduction Event has occurred and is continuing, will no longer be subject to an Appraisal
Reduction Amount. Any Appraisal Reduction Amount in respect of a Non-Serviced Whole Loan shall be calculated by the applicable
party under and in accordance with and pursuant to the terms of the applicable Non-Serviced PSA.

 

(e)            
Each Serviced Whole Loan will be treated as a single Mortgage Loan for purposes of calculating an Appraisal Reduction Amount
with respect to the Mortgage Loan and Companion Loan(s) that comprise such Serviced Whole Loan. Any Appraisal Reduction Amount
in respect of a Serviced AB Whole Loan in respect of an AB Modified Loan will be allocated in accordance with the related Intercreditor
Agreement or, if no allocation is specified in the related Intercreditor Agreement, then, first, to the related AB Subordinate
Companion Loan (until its principal balance is notionally reduced to zero by such Appraisal Reduction Amounts) and second, pro
rata, between the related AB Mortgage Loan and the related Serviced Pari Passu Companion Loan (if any), based upon their respective
Stated Principal Balances. Any Appraisal Reduction Amount in respect of any Serviced Pari Passu Whole Loan will be allocated in
accordance with the related Intercreditor Agreement or, if no allocation is specified in the related Intercreditor Agreement, then,
pro rata, between the related Serviced Pari Passu Mortgage Loan and the related Serviced Pari Passu Companion Loan, based
upon their respective Stated Principal Balances.

 

Section 4.06      
Grantor Trust Reporting. (a)  The parties intend that the portion of the Trust Fund constituting the Grantor
Trust, shall constitute, and that the affairs of the Grantor Trust shall be conducted so as to qualify such portion as, a trust
the beneficiaries of which are treated as the owners under subpart E, part I of subchapter J of the Code, and the provisions hereof
shall be interpreted consistently with this intention. In furtherance of such intention, neither the Trustee nor the Certificate
Administrator shall have the power to vary the investment of the Holders of the Class S Certificates and the VRR Interest
in the Grantor Trust so as to improve their rate of return. The Certificate Administrator shall prepare or cause to be prepared,

 

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submit to the Trustee for execution (and the Trustee shall timely execute and timely return to the Certificate Administrator) and
timely file all Tax Returns in respect of the Grantor Trust. In addition, the Certificate Administrator shall (A) file, or
cause to be filed, Internal Revenue Service Form 1041 on Form 1099) or such other form as may be applicable with the
Internal Revenue Service with copies of the statements in the following clause and (B) furnish, or cause to be furnished,
to the Holders of the Class S Certificates and the VRR Interest, their allocable share of income and expense with respect
to the Excess Interest and the Excess Interest Distribution Account, in the time or times and in the manner required by the Code.

 

(b)           
As of the Closing Date no Class S Certificate or Class VRR Interest Certificate is held through a “middleman”.
If the Certificate Administrator receives notice that the Class S Certificates and the VRR Interest are held through a “middleman”
as defined by the WHFIT Regulations, then the Grantor Trust is a WHFIT that is a WHMT. The Certificate Administrator will report
as required under the WHFIT Regulations to the extent such information as is reasonably necessary to enable the Certificate Administrator
to do so is provided to the Certificate Administrator on a timely basis. The Certificate Administrator is hereby directed to assume
that DTC and Hare & Co, LLC are the only “middlemen” as defined by the WHFIT Regulations unless the Depositor provides
the Certificate Administrator with the identities of other “middlemen” that are Certificateholders. The Certificate
Administrator shall be entitled to indemnification in accordance with the terms of this Agreement in the event that the Internal
Revenue Service makes a determination that the first sentence of this paragraph is incorrect.

 

(c)            The Certificate Administrator shall report required WHFIT information using the accrual method, except to the extent the
WHFIT Regulations specifically require a different method. The Certificate Administrator shall be under no obligation to determine
whether any Certificateholder uses the cash or accrual method. The Certificate Administrator shall make available (via its website)
WHFIT information to Certificateholders annually. In addition, the Certificate Administrator shall not be responsible or liable
for providing subsequently amended, revised or updated information to any Certificateholder, unless requested by the Certificateholder.

 

(d)           
The Certificate Administrator shall not be liable for failure to meet the reporting requirements of the WHFIT Regulations
nor for any penalties thereunder if such failure is due to: (i) the lack of reasonably necessary information being provided
to the Certificate Administrator or (ii) incomplete, inaccurate or untimely information being provided to the Certificate
Administrator. Each Holder of a Class S Certificate and a VRR Interest Certificate, by acceptance of its interest in such
class of Certificates, will be deemed to have agreed to provide the Certificate Administrator with information regarding any sale
of such securities, including the price, amount of proceeds and date of sale. Absent receipt of information regarding any sale
of a Class S Certificate and a VRR Interest Certificate, including the price, amount of proceeds and date of sale from the
beneficial owner thereof or the Depositor, the Certificate Administrator shall assume there is no secondary market trading of WHFIT
interests.

 

To the extent required
by the WHFIT Regulations, the Certificate Administrator shall use reasonable efforts to publish on an appropriate website the CUSIP
for the Class S Certificates and the VRR Interest. The CUSIP so published will represent the Rule 144A

 

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CUSIP. The Certificate
Administrator shall make reasonable good faith efforts to keep the website accurate and updated to the extent such CUSIP has been
received. Absent the receipt of such CUSIP, the Certificate Administrator will use a reasonable identifier number in lieu of a
CUSIP. The Certificate Administrator shall not be liable for investor reporting delays that result from the receipt of inaccurate
or untimely CUSIP information.

 

Section 4.07      
Investor Q&A Forum; Investor Registry; and Rating Agency Q&A Forum and Document Request Tool. (a)  The
Certificate Administrator shall make available, only to Privileged Persons, the Investor Q&A Forum. The “Investor
Q&A Forum” shall be a service available on the Certificate Administrator’s Website, where (i) Certificateholders
and beneficial owners of Certificates that are Privileged Persons may submit questions to (A) the Certificate Administrator
relating to the Distribution Date Statement, (B) the Master Servicer or the Special Servicer, as applicable, relating to the
reports being made available pursuant to Section 3.13(b), the Mortgage Loans (excluding any Non-Serviced Mortgage Loan),
the Trust Subordinate Companion Loan or the related Mortgaged Properties or (C) the Operating Advisor relating to the Operating
Advisor Annual Report or other reports prepared by the Operating Advisor or actions by the Special Servicer referenced in any Operating
Advisor Annual Report (each an “Inquiry” and collectively, “Inquiries”), and (ii) Privileged
Persons may view Inquiries that have been previously submitted and answered, together with the answers thereto. Upon receipt of
an Inquiry for the Master Servicer, the Special Servicer, Certificate Administrator or the Operating Advisor, as applicable, and
in the case of any Inquiry relating to a Non-Serviced Mortgage Loan, to the related Non-Serviced Master Servicer or related Non-Serviced
Special Servicer, as applicable, the Certificate Administrator shall forward the Inquiry to the appropriate person (in the case
of the Master Servicer to the following: AskMidland@midlandls.com, in each case within a commercially reasonable period of time
following receipt thereof. Following receipt of an Inquiry, the Master Servicer, the Special Servicer, the Certificate Administrator
or the Operating Advisor, as applicable, unless such party determines not to answer such Inquiry as provided below, shall reply
to the Inquiry, which reply of the Master Servicer, Special Servicer or the Operating Advisor, as applicable, shall be delivered
to the Certificate Administrator by electronic mail. In the case of an Inquiry relating to a Non-Serviced Mortgage Loan, the Certificate
Administrator shall make reasonable efforts to obtain an answer from the related Non-Serviced Master Servicer or the related Non-Serviced
Special Servicer, as applicable; provided that the Certificate Administrator shall not be responsible for the content of
such answer or any delay or failure to obtain such answer. The Certificate Administrator shall post (within a commercially reasonable
period of time following preparation or receipt of such answer, as the case may be) such Inquiry and the related answer to the
Certificate Administrator’s Website. If the Certificate Administrator, the Master Servicer, the Special Servicer or the Operating
Advisor determines, in its respective sole discretion, that (i) any Inquiry is beyond the scope of the topics described above,
(ii) answering any Inquiry would not be in the best interests of the Trust and/or the Certificateholders, (iii) answering
any Inquiry would be in violation of applicable law, the applicable Mortgage Loan documents or this Agreement, (iv) answering
any Inquiry would materially increase the duties of, or result in significant additional cost or expense to, the Master Servicer,
the Special Servicer, the Certificate Administrator or the Operating Advisor, as applicable, (v) answering any Inquiry would
require the disclosure of Privileged Information (subject to the Privileged Information Exception), or (vi) answering any
Inquiry is otherwise, for any reason, not advisable, it shall not be required to answer such Inquiry and, in the case of the Master
Servicer, the Special Servicer or the Operating

 

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Advisor, shall promptly notify the Certificate Administrator of such determination.
In addition, no party shall post or otherwise disclose any direct communications with the Directing Certificateholder or a Risk
Retention Consultation Party (in its capacity as a Risk Retention Consultation Party) as part of its response to any Inquiries.
The Certificate Administrator shall notify the Person who submitted such Inquiry in the event that the Inquiry will not be answered.
Any notice by the Certificate Administrator to the Person who submitted an Inquiry that will not be answered shall include the
following statement: “Because the Pooling and Servicing Agreement provides that the Master Servicer, the Special Servicer,
the Certificate Administrator and the Operating Advisor shall not answer an Inquiry if it determines, in its respective sole discretion,
that (i) any Inquiry is beyond the scope of the topics described in the Pooling and Servicing Agreement, (ii) answering
any Inquiry would not be in the best interests of the Trust and/or the Certificateholders, (iii) answering any Inquiry would
be in violation of applicable law or the applicable Mortgage Loan documents, (iv) answering any Inquiry would materially increase
the duties of, or result in significant additional costs or expenses to the Trustee, the Master Servicer, the Special Servicer,
the Certificate Administrator or Operating Advisor, as applicable, (v) answering any Inquiry would require the disclosure
of Privileged Information, or (vi) answering any Inquiry is otherwise, for any reason, not advisable, no inference should
or may be drawn from the fact that the Master Servicer, the Special Servicer, the Certificate Administrator or the Operating Advisor
has declined to answer the Inquiry.” Answers posted on the Investor Q&A Forum will be attributable only to the respondent,
and shall not be deemed to be answers from any of the Depositor, the Underwriters or any of their respective Affiliates. None of
the Underwriters, Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the Operating
Advisor or any of their respective Affiliates will certify to any of the information posted in the Investor Q&A Forum and no
such party shall have any responsibility or liability for the content of any such information. The Certificate Administrator shall
not be required to post to the Certificate Administrator’s Website any Inquiry or answer thereto that the Certificate Administrator
determines, in its sole discretion, is administrative or ministerial in nature. The Investor Q&A Forum will not reflect questions,
answers and other communications that are not submitted via the Certificate Administrator’s Website. Notwithstanding the
foregoing, the Operating Advisor shall not be required to respond to any Inquiries from Certificateholders for which its response
would require the Operating Advisor to provide information to such inquiring Certificateholders that they are otherwise not entitled
to receive under the terms of this Agreement.

 

(b)           
The Certificate Administrator shall make available to any Certificateholder and any Certificate Owner that is a Privileged
Person, the Investor Registry. The “Investor Registry” shall be a voluntary service available on the Certificate
Administrator’s Website, where Certificateholders and Certificate Owners that are Privileged Persons can register and thereafter
obtain information with respect to any other Certificateholder or Certificate Owner that has so registered. Any person registering
to use the Investor Registry will be required to certify that (a) it is a Certificateholder or a Certificate Owner and a Privileged
Person and (b) it grants authorization to the Certificate Administrator to make its name and contact information available
on the Investor Registry for at least forty-five (45) days from the date of such certification to persons entitled to access to
the Investor Registry. Such Person shall then be asked to enter certain mandatory fields such as the individual’s name, the
company name and email address, as well as certain optional fields such as address, phone, and Class(es) of Certificates owned.
If any Certificateholder or Certificate Owner notifies the Certificate

 

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Administrator that it wishes to be removed from the Investor
Registry (which notice may not be within forty-five (45) days of its registration), the Certificate Administrator shall promptly
remove it from the Investor Registry. The Certificate Administrator will not be responsible for verifying or validating any information
submitted on the Investor Registry, or for monitoring or otherwise maintaining the accuracy of any information thereon. The Certificate
Administrator may require acceptance of a waiver and disclaimer for access to the Investor Registry.

 

(c)            
The 17g-5 Information Provider shall make available, only to NRSROs, the Rating Agency Q&A Forum and Document Request
Tool. The “Rating Agency Q&A Forum and Document Request Tool” shall be a service available on the 17g-5
Information Provider’s Website, where NRSROs may (i) submit questions to the Certificate Administrator relating to any
Distribution Date Statements, or submit questions to the Master Servicer or the Special Servicer, as applicable, relating to the
reports prepared by such parties (each such submission, a “Rating Agency Inquiry”), and (ii) view Rating
Agency Inquiries that have been previously submitted and answered, together with the responses thereto. In addition, NRSROs may
use the forum to submit requests (each such submission also, a “Rating Agency Inquiry”) to the Master Servicer
for loan-level reports and other related information. Upon receipt of a Rating Agency Inquiry for the Master Servicer or the Special
Servicer, the 17g-5 Information Provider shall forward the Rating Agency Inquiry to the appropriate person (in the case of the
Master Servicer to the following: AskMidland@midlandls.com, in each case within a commercially reasonable period of time following
receipt thereof. Following receipt of a Rating Agency Inquiry from the 17g-5 Information Provider, the Master Servicer or the Special
Servicer, as applicable, unless it determines not to answer such Rating Agency Inquiry as provided below, shall reply by email
to the Certificate Administrator. The 17g-5 Information Provider shall post (within a commercially reasonable period of time following
receipt of such response) such Rating Agency Inquiry with the related response thereto (or such reports, as applicable) to the
Rating Agency Q&A Forum and Document Request Tool. Any reports posted by the 17g-5 Information Provider in response to an inquiry
may be posted on a separate website or web page accessible by a link on the 17g-5 Information Provider’s Website. If the
Certificate Administrator, the Master Servicer or the Special Servicer determines, in its respective sole discretion, that (i) answering
any Rating Agency Inquiry would be in violation of applicable law, the Servicing Standard, this Agreement or any Mortgage Loan
documents, (ii) answering any Rating Agency Inquiry would or is reasonably expected to result in a waiver of an attorney-client
privilege with, or the disclosure of attorney work product, or (iii) (A) answering any Rating Agency Inquiry would materially
increase the duties of, or result in significant additional cost or expense to, the Certificate Administrator, the Master Servicer
or the Special Servicer, as applicable, and (B) the Certificate Administrator, the Master Servicer or the Special Servicer,
as applicable, determines in accordance with the Servicing Standard (or in good faith, in the case of the Certificate Administrator)
that the performance of such duties or the payment of such costs and expenses is beyond the scope of its duties in its capacity
as Certificate Administrator, Master Servicer or Special Servicer, as applicable, under this Agreement, it shall not be required
to answer such Rating Agency Inquiry and shall promptly notify the 17g-5 Information Provider by email of such determination. The
17g-5 Information Provider shall promptly thereafter post the Rating Agency Inquiry with the reason it was not answered to the
Rating Agency Q&A Forum and Document Request Tool. The 17g-5 Information Provider will not be liable for the failure by any
other such Person to so answer. Questions posted on the Rating Agency Q&A Forum and Document Request Tool shall not be attributed
to the submitting NRSRO. Answers posted on

 

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the Rating Agency Q&A Forum and Document Request Tool will be attributable only
to the respondent, and shall not be deemed to be answers from any other person. None of the Underwriters, the Depositor, or any
of their respective Affiliates will certify to any of the information posted in the Rating Agency Q&A Forum and Document Request
Tool and no such party shall have any responsibility or liability for the content of any such information. The 17g-5 Information
Provider shall not be required to post to the 17g-5 Information Provider’s Website any Rating Agency Inquiry or answer thereto
that the 17g-5 Information Provider determines, in its sole discretion, is administrative or ministerial in nature. The Rating
Agency Q&A Forum and Document Request Tool will not reflect questions, answers and other communications that are not submitted
via the 17g-5 Information Provider’s Website.

 

Section 4.08      
Secure Data Room.      (a)  The Certificate Administrator
shall create a Secure Data Room and the Depositor shall, upon the receipt of each Mortgage Loan Seller’s Diligence File
Certification and within 120 days following the Closing Date, deliver to the Certificate Administrator an electronic copy of the
Diligence Files for the Mortgage Loans that have been uploaded by the Mortgage Loan Sellers to the Intralinks Site. Upon receipt
thereof, the Certificate Administrator shall promptly upload the contents of each Diligence File actually received by it to the
Secure Data Room. Access to the Secure Data Room shall be granted by the Certificate Administrator to (i) the Asset Representations
Reviewer and (ii) any other Person at the direction of the Depositor, in each case, upon the occurrence of an Affirmative
Asset Review Vote and receipt by the Certificate Administrator of a certification substantially in the form of Exhibit RR
hereto (which shall be sent via email to trustadministrationgroup@wellsfargo.com or submitted electronically via the Certificate
Administrator’s website). In no case whatsoever shall Certificateholders be permitted to access the Secure Data Room. For
the avoidance of doubt, the Certificate Administrator shall be under no obligation to post any documents or information to the
Secure Data Room other than the contents of the Diligence Files initially delivered to it by the Depositor.

 

(b)           
The Certificate Administrator shall not have any obligation or duty to verify, review, confirm or otherwise determine whether
the type, number or contents of any Diligence File delivered to the Certificate Administrator is accurate, complete, or relates
to the transaction or confirm that all documents and information constituting any Diligence File have actually been delivered to
the Certificate Administrator. In no case shall the Certificate Administrator be deemed to have obtained actual or constructive
knowledge of the contents of, or information contained in, any Diligence File by virtue of posting such Diligence File to the Secure
Data Room. In the event that any document or information is posted in error, the Certificate Administrator may remove such document
or information from the Secure Data Room. The Certificate Administrator shall not have any obligation to produce physical or electronic
copies of any document or information provided to it for posting to the Secure Data Room. The Certificate Administrator shall not
be responsible or held liable for any other Person’s use or dissemination of the documents or information contained on the
Secure Data Room; provided that such event or occurrence is not also a result of its own negligence, bad faith or willful
misconduct. The Certificate Administrator shall not be required to restrict access to the Secure Data Room on a loan-by-loan basis
and any Person with access to the Secure Data Room shall covenant to access only the information necessary to perform its duties
and responsibilities under this Agreement.

 

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(c)            
Upon the resignation or removal of the Certificate Administrator pursuant to Section 8.07, the Certificate Administrator
shall transfer electronic copies of the Diligence Files to a successor certificate administrator designated in writing by the Depositor
or the Master Servicer, and all costs and expenses associated with the transfer of the Diligence Files shall be payable as part
of the costs and expenses associated with the transfer of its responsibilities upon the resignation or removal of the Certificate
Administrator pursuant to Section 8.07. Following the date on which any Mortgage Loan is paid in full, liquidated,
repurchased or otherwise removed from the Trust, the Master Servicer or the Special Servicer, as applicable, may direct the Certificate
Administrator in writing to delete the Diligence File related to such Mortgage Loan from the Secure Data Room; provided
that absent such direction, the Certificate Administrator shall not be obligated to delete any Diligence File from the Secure Data
Room. Following the termination of the Trust pursuant to Section 9.01, the Certificate Administrator shall be permitted
to delete all files from the Secure Data Room. Upon deletion, in no event shall the Certificate Administrator be obligated to reproduce
or retrieve such deleted files.

 

[End of Article IV]

 

Article V

THE CERTIFICATES

 

Section 5.01      
The Certificates. (a)  The Certificates will be substantially in the respective forms annexed hereto as
Exhibits A-1 through and including A-26, with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Agreement or as may, in the reasonable judgment of the Certificate Registrar, be
necessary, appropriate or convenient to comply, or facilitate compliance, with applicable laws, and may have such letters, numbers
or other marks of identification and such legends or endorsements placed thereon as may be required by law, or as may, consistently
herewith, be determined by the officers executing such Certificates, as evidenced by their execution thereof. The Class X
Certificates will be issuable only in minimum Denominations of authorized initial Notional Amount of not less than $1,000,000 and
in integral multiples of $1.00 in excess thereof. The Offered Certificates (other than the Class X-A and Class X-B Certificates)
will be issuable only in minimum Denominations of authorized initial Certificate Balance of not less than $10,000, and in integral
multiples of $1.00 in excess thereof. The Class VRR Interest and the Class 225B-VRR Interest Certificates will be issuable in one
or more Definitive Certificates, in minimum denominations of authorized Certificate Balance of not less than $10,000, and multiples
of $l in excess thereof (or such lesser amount if the Certificate Balance is not a multiple of $1). The Non-Registered Certificates
(other than the Class X-D, Class R and Class S Certificates and the VRR Interest and 225B-VRR Interest) will be issuable in
minimum Denominations of authorized initial Certificate Balance of not less than $100,000, and in integral multiples of $1.00 in
excess thereof. If the Original Certificate Balance or initial Notional Amount, as applicable, of any Class does not equal an integral
multiple of $1.00, then a single additional Certificate of such Class may be issued in a minimum denomination of authorized initial
Certificate Balance or initial Notional Amount, as applicable, that includes the excess of (i) the Original Certificate Balance
or initial Notional Amount, as applicable, of such Class over (ii) the largest integral multiple of $1.00 that does not exceed
such amount. The Class R and

 

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Class S Certificates shall be issued, maintained and transferred in minimum percentage interests
of 10% of such Class R or Class S Certificates and in integral multiples of 1% in excess thereof.

 

(b)           
One authorized signatory shall sign the Certificates for the Certificate Registrar by manual or facsimile signature. If
an authorized signatory whose signature is on a Certificate no longer holds that office at the time the Certificate Registrar countersigns
the Certificate, the Certificate shall be valid nevertheless. A Certificate shall not be valid until an authorized signatory of
the Certificate Registrar (who may be the same officer who executed the Certificate) manually countersigns the Certificate. The
signature shall be conclusive evidence that the Certificate has been executed and countersigned under this Agreement.

 

Section 5.02      
Form and Registration. No transfer of any Non-Registered Certificate shall be made unless that transfer is made pursuant
to an effective registration statement under the Securities Act, and effective registration or qualification under applicable state
securities laws, or is made in a transaction which does not require such registration or qualification. If a transfer (other than
one by the Depositor to an Affiliate thereof or by the Initial Purchasers to KKR CMBS II Aggregator Type 1 L.P.) is to be made
in reliance upon an exemption from the Securities Act, and under the applicable state securities laws, then either:

 

(a)            Each Class of the Non-Registered Certificates (other than the Retained Certificates and Class R Certificates) sold to institutions
that are non-United States Securities Persons in Offshore Transactions in reliance on Regulation S under the Act shall initially
be represented by a temporary book-entry certificate in definitive, fully registered form without interest coupons, substantially
in the applicable form set forth as an exhibit hereto (each a “Temporary Regulation S Book-Entry Certificate”),
which shall be deposited on the Closing Date on behalf of the purchasers of the Non-Registered Certificates represented thereby
with the Certificate Registrar, at its principal trust office, as custodian, for the Depository, and registered in the name of
the Depository or the nominee of the Depository for the account of designated agents holding on behalf of Euroclear and/or Clearstream.
Prior to the expiration of the 40-day period commencing on the later of the commencement of the offering and the Closing Date (the
“Restricted Period”), beneficial interests in each Temporary Regulation S Book-Entry Certificate may be
held only through Euroclear or Clearstream. After the expiration of the Restricted Period, a beneficial interest in a Temporary
Regulation S Book-Entry Certificate may be exchanged for an interest in the related Regulation S Book-Entry Certificate
in the applicable form set forth as an exhibit hereto in accordance with the procedures set forth in Section 5.03(f).
During the Restricted Period, distributions due in respect of a beneficial interest in a Temporary Regulation S Book-Entry
Certificate shall only be made upon delivery to the Certificate Registrar by Euroclear or Clearstream, as applicable, of a Non-U.S.
Beneficial Ownership Certification. After the expiration of the Restricted Period, distributions due in respect of any beneficial
interests in a Temporary Regulation S Book-Entry Certificate shall not be made to the holders of such beneficial interests
unless exchange for a beneficial interest in the Regulation S Book-Entry Certificate of the same Class is improperly withheld
or refused. The aggregate Certificate Balance of a Temporary Regulation S Book-Entry Certificate or a Regulation S Book-Entry
Certificate may from time to time be increased or decreased by adjustments made on the records of the Certificate Registrar, as
custodian for the Depository, as hereinafter provided.

 

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On the Closing Date,
the Certificate Administrator shall execute, the Authenticating Agent shall authenticate, and the Certificate Administrator shall
deliver to the Certificate Registrar the Regulation S Book-Entry Certificates, which shall be held by the Certificate Registrar
for purposes of effecting the exchanges contemplated by the preceding paragraph. Wells Fargo Bank, National Association is hereby
initially appointed the Authenticating Agent with the power to act, on the Trustee’s behalf, in the authentication and delivery
of the Certificates in connection with transfers and exchanges as herein provided. If Wells Fargo Bank, National Association is
removed as Certificate Administrator, then Wells Fargo Bank, National Association shall be terminated as Authenticating Agent.
If the Authenticating Agent is terminated, the Trustee shall appoint a successor authenticating agent, which may be the Trustee
or an Affiliate thereof.

 

(b)           
Certificates of each Class of Non-Registered Certificates (other than the Retained Certificates during the applicable Transfer
Restriction Period) offered and sold to Qualified Institutional Buyers in reliance on Rule 144A under the Act (“Rule 144A”)
shall be represented by Rule 144A Book-Entry Certificates, which shall be deposited with the Certificate Registrar or an agent
of the Certificate Registrar, as custodian for the Depository, and registered in the name of the Depository or a nominee of the
Depository. The aggregate Certificate Balance of a Rule 144A Book-Entry Certificate may from time to time be increased or
decreased by adjustments made on the records of the Certificate Registrar, as custodian for the Depository, as hereinafter provided.

 

(c)            
Certificates of each Class of Non-Registered Certificates that are initially offered and sold to investors that are Institutional
Accredited Investors that are not Qualified Institutional Buyers (together with the Class R and Class S Certificates and the Retained
Certificates, the “Non-Book Entry Certificates”) shall be in the form of Definitive Certificates, substantially
in the applicable form set forth as an exhibit hereto, and shall be registered in the name of such investors or their nominees
by the Certificate Registrar who shall deliver the certificates for such Non-Book Entry Certificates (other than the Retained Certificates)
to the respective beneficial owners or owners. For the avoidance of doubt, the Class R and Class S Certificates and the Retained
Certificates shall only be in the form of Definitive Certificates, and the Retained Certificates shall be issued in the form of
Definitive Certificates at all times during the applicable Transfer Restriction Period.

 

(d)           
Owners of beneficial interests in Book-Entry Certificates of any Class shall not be entitled to receive physical delivery
of certificated Certificates unless: (i) the Depository advises the Certificate Registrar in writing that the Depository is
no longer willing or able to discharge properly its responsibilities as depository with respect to the Book-Entry Certificates
of such Class or ceases to be a Clearing Agency, and the Certificate Registrar and the Depository are unable to locate a qualified
successor within ninety (90) days of such notice or (ii) the Trustee has instituted or has been directed to institute any
judicial proceeding to enforce the rights of the Holders of such Class and the Trustee has been advised by counsel that in connection
with such proceeding it is necessary or appropriate for the Certificate Registrar to obtain possession of the Certificates of such
Class; provided, however, that under no circumstances will certificated Non-Registered Certificates be issued to
beneficial owners of a Temporary Regulation S Book-Entry Certificate. Upon notice of the occurrence of any of the events described
in clause (i) or (ii) above with respect to any Certificates of a Class that are in

 

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the form of Book-Entry Certificates
and upon surrender by the Depository of any Book-Entry Certificate of such Class and receipt from the Depository of instructions
for re-registration, the Certificate Registrar shall issue Certificates of such Class in the form of Definitive Certificates (bearing,
in the case of a Definitive Certificate issued for a Rule 144A Book-Entry Certificate, the same legends regarding transfer
restrictions borne by such Book-Entry Certificate), and thereafter the Certificate Registrar shall recognize the Holders of such
Definitive Certificates as Certificateholders under this Agreement. Unless and until Definitive Certificates are issued in respect
of a Class of Book-Entry Certificates, beneficial ownership interests in such Class of Certificates will be maintained and transferred
on the book entry records of the Depository and Depository Participants, and all references to actions by Holders of such Class
of Certificates will refer to action taken by the Depository upon instructions received from the related registered Holders of
Certificates through the Depository Participants in accordance with the Depository’s procedures and, except as otherwise
set forth herein, all references herein to payments, notices, reports and statements to Holders of such Class of Certificates will
refer to payments, notices, reports and statements to the Depository or its nominee as the registered Holder thereof, for distribution
to the related registered Holders of Certificates through the Depository Participants in accordance with the Depository’s
procedures.

 

(e)            
During the applicable Transfer Restriction Period, the Retained Certificates shall only be held as Definitive Certificates
in the Retained Interest Safekeeping Account by the Certificate Administrator (and each Retaining Party’s respective interest
shall be tracked in the form of an entry in the Certificate Administrator’s trust accounting system under the Retained Interest
Safekeeping Account), for the benefit of the Holder of the related Certificate. The Certificate Administrator shall hold each Certificate
evidencing the Retained Certificates in safekeeping and shall release the same only upon receipt of written instructions from the
holder of the Retained Certificates and the Retaining Sponsor, and in accordance with any authentication procedures as may be utilized
by the Certificate Administrator and in accordance with this Agreement. There shall be, and hereby is, established by the Certificate
Administrator an account which will be designated the “Retained Interest Safekeeping Account” and into which the Retained
Certificates shall be held and which shall be governed by and subject to this Agreement. In addition, on and after the date hereof,
the Certificate Administrator may establish any number of subaccounts to the Retained Interest Safekeeping Account for each Retaining
Party. The Retained Certificates to be delivered in physical form to the Certificate Administrator shall be delivered as set forth
herein. No amounts distributable to the Retained Certificates shall be remitted to the Retained Interest Safekeeping Account, but
shall be remitted directly to each Retaining Party in accordance with written instructions provided separately by each Retaining
Party to the Certificate Administrator. Under no circumstances by virtue of safekeeping the Retained Certificates shall the Certificate
Administrator be obligated to bring legal action or institute proceedings against any person on behalf of the Retaining Parties.
During the applicable Transfer Restriction Period and for such longer time as the Retaining Parties may request, the Certificate
Administrator shall hold the Definitive Certificates representing the Retained Certificates at the below location, or any other
location; provided the Certificate Administrator has given notice to each of the Retaining Parties of such new location:

 

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Wells Fargo Bank NA

Attn: Security Control and Transfer (SCAT) - MAC N9345-010

425 E Hennepin Avenue

Minneapolis, MN 55414

 

On the Closing Date,
the Certificate Administrator shall deliver written confirmation to the Depositor, the Retaining Sponsor and the Retaining Parties
substantially in the form of Exhibit TT to this Agreement evidencing its receipt of the Retained Certificates.

 

The Certificate Administrator
shall make available to each Retaining Party its respective account information as mutually agreed upon by the Certificate Administrator
and the applicable Retaining Party, and in accordance with the Certificate Administrator’s policies and procedures. Any transfer
of a Retained Certificate shall be subject to this Section 5.02(e). During the applicable Transfer Restriction Period, unless
the Retaining Sponsor and the Depositor otherwise consent in writing, the Certificate Administrator shall not permit any Person
to copy (other than for internal purposes), and shall not itself provide to any Person copies of, the executed Certificates held
by it in the Retained Interest Safekeeping Account.

 

Section 5.03      
Registration of Transfer and Exchange of Certificates. (a)  The Certificate Administrator shall keep or
cause to be kept at the Corporate Trust Office books (the “Certificate Register”) in which, subject to such
reasonable regulations as it may prescribe, the Certificate Administrator shall provide for the registration of Certificates and
of transfers and exchanges of Certificates as herein provided (the Certificate Administrator, in such capacity, being the “Certificate
Registrar”). In such capacities, the Certificate Administrator shall be responsible for, among other things, (i) maintaining
the Certificate Register and a record of the aggregate holdings of Certificates of each Class of Non-Registered Certificates represented
by a Temporary Regulation S Book-Entry Certificate, a Regulation S Book-Entry Certificate and a Rule 144A Book-Entry
Certificate and accepting Certificates for exchange and registration of transfer, holding the Retained Certificates as Definitive
Certificates on behalf of each Holder of such Class and (iii) transmitting to the Depositor, the Master Servicer and the Special
Servicer any notices from the Certificateholders. No fee or service charge shall be imposed by the Certificate Registrar for its
services in respect of any registration of Transfer or exchange of any Certificate (other than Definitive Certificates) referred
to in this Section 5.03.

 

(b)           
Subject to the restrictions on transfer set forth in this Article V, upon surrender for registration of transfer
of any Certificate, the Certificate Registrar shall execute, authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

 

(c)            
Rule 144A Book-Entry Certificate to Temporary Regulation S Book-Entry Certificate. If a holder of a beneficial
interest in the Rule 144A Book-Entry Certificate deposited with the Certificate Registrar as custodian for the Depository
wishes at any time during the Restricted Period to exchange its interest in such Rule 144A Book-Entry Certificate for an interest
in the Temporary Regulation S Book-Entry Certificate of the same Class, or to transfer its interest in such Rule 144A
Book-Entry Certificate to a Person who is required to take delivery thereof in the form of an interest in the Temporary Regulation S
Book-Entry Certificate of the same Class, such holder may, subject to the rules and procedures of the Depository, exchange or

 

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cause
the exchange of such interest for an equivalent beneficial interest in such Temporary Regulation S Book-Entry Certificate.
Upon receipt by the Certificate Registrar, as registrar, at its office designated in Section 5.07 hereof, of (1) instructions
given in accordance with the Depository’s procedures from a Depository Participant directing the Certificate Registrar to
credit, or cause to be credited, a beneficial interest in the Temporary Regulation S Book-Entry Certificate in an amount equal
to the beneficial interest in the Rule 144A Book-Entry Certificate to be exchanged, (2) a written order given in accordance
with the Depository’s procedures containing information regarding the Euroclear or Clearstream account to be credited with
such increase and the name of such account and (3) a certificate in the form of Exhibit I hereto given by the
holder of such beneficial interest stating that the transfer of such interest has been made in compliance with the transfer restrictions
applicable to the Book-Entry Certificates and pursuant to and in accordance with Regulation S, then the Certificate Registrar
shall instruct the Depository to reduce, or cause to be reduced, the Certificate Balance of the Rule 144A Book-Entry Certificate
and to increase, or cause to be increased, the Certificate Balance of the Temporary Regulation S Book-Entry Certificate by
the aggregate Certificate Balance of the beneficial interest in the Rule 144A Book-Entry Certificate to be exchanged, to credit
or cause to be credited to the account of the Person specified in such instructions (who shall be the agent member of Euroclear
or Clearstream, or both) a beneficial interest in the Temporary Regulation S Book-Entry Certificate equal to the reduction
in the Certificate Balance of the Rule 144A Book-Entry Certificate, and to debit, or cause to be debited, from the account
of the Person making such exchange or transfer the beneficial interest in the Rule 144A Book-Entry Certificate that is being
exchanged or transferred.

 

(d)           
Rule 144A Book-Entry Certificate to Regulation S Book-Entry Certificate. If a holder of a beneficial interest
in the Rule 144A Book-Entry Certificate deposited with the Certificate Registrar as custodian for the Depository wishes at
any time following the Restricted Period to exchange its interest in such Rule 144A Book-Entry Certificate for an interest
in the Regulation S Book-Entry Certificate of the same Class, or to transfer its interest in such Rule 144A Book-Entry
Certificate to a Person who is required to take delivery thereof in the form of an interest in a Regulation S Book-Entry Certificate,
such holder may, subject to the rules and procedures of the Depository, exchange, or cause the exchange of, such interest for an
equivalent beneficial interest in such Regulation S Book-Entry Certificate. Upon receipt by the Certificate Registrar, as
registrar, at its office designated in Section 5.07 hereof, of (1) instructions given in accordance with the Depository’s
procedures from a Depository Participant directing the Certificate Registrar to credit or cause to be credited a beneficial interest
in the Regulation S Book-Entry Certificate in an amount equal to the beneficial interest in the Rule 144A Book-Entry
Certificate to be exchanged, (2) a written order given in accordance with the Depository’s procedures containing information
regarding the participant account of the Depository to be credited with such increase and (3) a certificate in the form of Exhibit J
hereto given by the holder of such beneficial interest stating (A) that the transfer of such interest has been made in compliance
with the transfer restrictions applicable to the Book-Entry Certificates and pursuant to and in accordance with Regulation S,
or (B) that the transferee is otherwise entitled to hold its interest in the applicable Certificates in the form of an interest
in the Regulation S Book-Entry Certificate, without any registration of such Certificates under the Act (in which case such
certificate shall enclose an Opinion of Counsel to such effect and such other documents as the Certificate Registrar may reasonably
require), then the Certificate Registrar shall instruct the Depository to reduce, or cause to be reduced, the Certificate Balance
of the

 

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Rule 144A Book-Entry Certificate and to increase, or cause to be increased, the Certificate Balance of the Regulation S
Book-Entry Certificate by the aggregate Certificate Balance of the beneficial interest in the Rule 144A Book-Entry Certificate
to be exchanged, to credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest
in the Regulation S Book-Entry Certificate equal to the reduction in the Certificate Balance of the Rule 144A Book-Entry
Certificate, and to debit, or cause to be debited, from the account of the Person making such exchange or transfer the beneficial
interest in the Rule 144A Book-Entry Certificate that is being exchanged or transferred.

 

(e)            
Temporary Regulation S Book-Entry Certificate or Regulation S Book-Entry Certificate to Rule 144A Book-Entry
Certificate. If a holder of a beneficial interest in a Temporary Regulation S Book-Entry Certificate or Regulation S
Book-Entry Certificate deposited with the Certificate Registrar as custodian for the Depository wishes at any time to exchange
its interest in such Temporary Regulation S Book-Entry Certificate or Regulation S Book-Entry Certificate for an interest
in the Rule 144A Book-Entry Certificate of the same Class, or to transfer its interest in such Temporary Regulation S
Book-Entry Certificate or Regulation S Book-Entry Certificate to a Person who is required to take delivery thereof in the
form of an interest in the Rule 144A Book-Entry Certificate, such holder may, subject to the rules and procedures of Euroclear
or Clearstream, as the case may be, and the Depository, exchange or cause the exchange of such interest for an equivalent beneficial
interest in the Rule 144A Book-Entry Certificate of the same Class. Upon receipt by the Certificate Registrar, as registrar,
at its office designated in Section 5.07 hereof, of (1) instructions from Euroclear or Clearstream, if applicable,
and the Depository, directing the Certificate Registrar, as registrar, to credit or cause to be credited a beneficial interest
in the Rule 144A Book-Entry Certificate equal to the beneficial interest in the Temporary Regulation S Book-Entry Certificate
or Regulation S Book-Entry Certificate to be exchanged, such instructions to contain information regarding the participant
account with the Depository to be credited with such increase, (2) with respect to a transfer of an interest in the Regulation S
Book-Entry Certificate, information regarding the participant account of the Depository to be debited with such decrease and (3) with
respect to a transfer of an interest in the Temporary Regulation S Book-Entry Certificate for an interest in the Rule 144A
Book-Entry Certificate (i) during the Restricted Period, a certificate in the form of Exhibit K hereto given by
the holder of such beneficial interest and stating that the Person transferring such interest in the Temporary Regulation S
Book-Entry Certificate reasonably believes that the Person acquiring such interest in the Rule 144A Book-Entry Certificate
is a Qualified Institutional Buyer or (ii) after the Restricted Period, an Investment Representation Letter in the form of
Exhibit C attached hereto from the transferee to the effect that such transferee is a Qualified Institutional Buyer
(an “Investment Representation Letter”) and is obtaining such beneficial interest in a transaction meeting the
requirements of Rule 144A, then the Certificate Registrar shall instruct the Depository to reduce, or cause to be reduced,
the Certificate Balance of the Temporary Regulation S Book-Entry Certificate or Regulation S Book-Entry Certificate and
to increase, or cause to be increased, the Certificate Balance of the Rule 144A Book-Entry Certificate by the aggregate Certificate
Balance of the beneficial interest in the Temporary Regulation S Book-Entry Certificate or Regulation S Book-Entry Certificate
to be exchanged, and the Certificate Registrar shall instruct the Depository, concurrently with such reduction, to credit, or cause
to be credited, to the account of the Person specified in such instructions, a beneficial interest in the Rule 144A Book-Entry
Certificate equal to the reduction in the Certificate Balance of the Temporary Regulation S Book-Entry Certificate or Regulation S

 

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Book-Entry Certificate and to debit, or cause to be debited, from the account of the Person making such transfer the beneficial
interest in the Temporary Regulation S Book-Entry Certificate or Regulation S Book-Entry Certificate that is being transferred.

 

(f)            
Temporary Regulation S Book-Entry Certificate to Regulation S Book-Entry Certificate. Interests in a Temporary
Regulation S Book-Entry Certificate as to which the Certificate Registrar has received from Euroclear or Clearstream, as the
case may be, a certificate (a “Non-U.S. Beneficial Ownership Certification”) to the effect that Euroclear or
Clearstream, as applicable, has received a certificate substantially in the form of Exhibit L hereto from the holder
of a beneficial interest in such Temporary Regulation S Book-Entry Certificate, shall be exchanged after the Restricted Period,
for interests in the Regulation S Book-Entry Certificate of the same Class. The Certificate Registrar shall effect such exchange
by delivering to the Depository for credit to the respective accounts of such holders, a duly executed and authenticated Regulation S
Book-Entry Certificate, representing the aggregate Certificate Balance of interests in the Temporary Regulation S Book-Entry
Certificate initially exchanged for interests in the Regulation S Book-Entry Certificate. The delivery to the Certificate
Registrar by Euroclear or Clearstream of the certificate or certificates referred to above may be relied upon by the Depositor
and the Certificate Registrar as conclusive evidence that the certificate or certificates referred to therein has or have been
delivered to Euroclear or Clearstream pursuant to the terms of this Agreement and the Temporary Regulation S Book-Entry Certificate.
Upon any exchange of interests in the Temporary Regulation S Book-Entry Certificate for interests in the Regulation S
Book-Entry Certificate, the Certificate Registrar shall endorse the Temporary Regulation S Book-Entry Certificate to reflect
the reduction in the Certificate Balance represented thereby by the amount so exchanged and shall endorse the Regulation S
Book-Entry Certificate to reflect the corresponding increase in the amount represented thereby. Until so exchanged in full and
except as provided therein, the Temporary Regulation S Book-Entry Certificate, and the Certificates evidenced thereby, shall
in all respects be entitled to the same benefits under this Agreement as the Regulation S Book-Entry Certificate and Rule 144A
Book-Entry Certificate authenticated and delivered hereunder.

 

(g)           
Non-Book Entry Certificate to Book-Entry Certificate. If a holder of a Non-Book Entry Certificate (other than (a)
a Class R Certificate or (b) any Retained Certificate during the applicable Transfer Restriction Period) wishes at any time
to exchange its interest in such Non-Book Entry Certificate for an interest in a Book-Entry Certificate of the same Class, or to
transfer all or part of such Non-Book Entry Certificate to a Person who is entitled to take delivery thereof in the form of an
interest in a Book-Entry Certificate, such holder may, subject to the rules and procedures of Euroclear or Clearstream, if applicable,
and the Depository, cause the exchange of all or part of such Non-Book Entry Certificate for an equivalent beneficial interest
in the appropriate Book-Entry Certificate of the same Class. Upon receipt by the Certificate Registrar, as registrar, at its office
designated in Section 5.07 hereof, of (1) such Non-Book Entry Certificate, duly endorsed as provided herein, (2) instructions
from such holder directing the Certificate Registrar, as registrar, to credit, or cause to be credited, a beneficial interest in
the applicable Book-Entry Certificate equal to the portion of the Certificate Balance of the Non-Book Entry Certificate to be exchanged,
such instructions to contain information regarding the participant account with the Depository to be credited with such increase
and (3) a certificate in the form of Exhibit M hereto (in the event that the applicable Book-Entry Certificate is the
Temporary Regulation S Book-Entry Certificate), in the form of Exhibit N

 

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 hereto (in the event that the applicable
Book-Entry Certificate is the Regulation S Book-Entry Certificate) or in the form of Exhibit O hereto (in the
event that the applicable Book-Entry Certificate is the Rule 144A Book-Entry Certificate), then the Certificate Registrar,
as registrar, shall cancel, or cause to be canceled, all or part of such Non-Book Entry Certificate, shall, if applicable, execute,
authenticate and deliver to the transferor a new Non-Book Entry Certificate equal to the aggregate Certificate Balance of the portion
retained by such transferor and shall instruct the Depository to increase, or cause to be increased, such Book-Entry Certificate
by the aggregate Certificate Balance of the portion of the Non-Book Entry Certificate to be exchanged and to credit, or cause to
be credited, to the account of the Person specified in such instructions a beneficial interest in the applicable Book-Entry Certificate
equal to the Certificate Balance of the portion of the Non-Book Entry Certificate so canceled. Upon the written direction of the
Depositor (which may be by email to cts.cmbs.bond.admin@wellsfargo.com) or its Affiliate, the Certificate Registrar shall execute
any instrument as may be reasonably required by the Depository to effect such exchange.

 

(h)           
Non-Book Entry Certificates on Initial Issuance Only. Subject to the issuance of Definitive Certificates, if and
when permitted by Section 5.02(d), and subject to the issuance and transfer of the Retained Certificates during the
applicable Transfer Restriction Period in accordance with Section 5.03(i), no Non-Book Entry Certificate shall be issued
to a transferee of an interest in any Rule 144A Book-Entry Certificate, Temporary Regulation S Book-Entry Certificate
or Regulation S Book-Entry Certificate or to a transferee of a Non-Book Entry Certificate (or any portion thereof).

 

(i)             
Transfers of Retained Certificates. At all times during the applicable Transfer Restriction Period, if a Transfer
of any Retained Certificate after the Closing Date is to be made, then, upon receipt of: (i) a certification from such Certificateholder’s
prospective Transferee substantially in the form attached hereto as Exhibit D-3 or Exhibit D-5, as applicable,
which such certification must be countersigned by the Retaining Sponsor, (ii) a certification from the Certificateholder desiring
to effect such transfer substantially in the form attached hereto as Exhibit D-4 or Exhibit D-6, as applicable,
which such certification must be countersigned by the Retaining Sponsor, (iii) a W-9 completed by the Transferee and (iv) wire
instructions and contact information of the Transferee, the Certificate Administrator (which may conclusively rely upon such certifications)
shall instruct the Certificate Registrar to register such Transfer.  Upon receipt of the Certificate Administrator’s
instruction, the Certificate Registrar shall, subject to Section 5.02(e) and Section 5.03(a), register
the Transfer of the Retained Certificate and reflect such Retained Certificate in the name of the prospective Transferee and shall
deliver written confirmation substantially in the form of Exhibit TT to this Agreement. The Certificate Registrar shall
not register a Transfer of any Retained Certificate after the Closing Date during the applicable Transfer Restriction Period unless
it is so instructed by the Certificate Administrator. After the termination of the applicable Transfer Restriction Period, if a
transfer of the Retained Certificates is to be made and the Retained Certificates are in the Retained Interest Safekeeping Account,
then upon receipt of: (i) a certification from such Certificateholder’s prospective Transferee substantially in the
form attached hereto as Exhibit D-3 or Exhibit D-5, as applicable, which such certification must be countersigned
by the Retaining Sponsor and (ii) a certification from the Certificateholder desiring to effect such transfer substantially in
the form attached hereto as Exhibit D-4 or Exhibit D-6, which such certification must be countersigned by the
Retaining Sponsor, the Certificate Administrator (which may conclusively rely upon such

 

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certifications) shall instruct the Certificate
Registrar to register such Transfer, and upon receipt of the Certificate Administrator’s instruction, the Certificate Registrar
shall register the Transfer of the Retained Certificate and reflect such Retained Certificate in the name of the prospective Transferee.
After the termination of the applicable Transfer Restriction Period, if a transfer of the Retained Certificates is to be made and
the Retained Certificates are in the Retained Interest Safekeeping Account, the Certificate Registrar shall not register a Transfer
of any Retained Certificate unless it is so instructed by the Certificate Administrator. For the avoidance of doubt, in no event
shall a Retained Certificate be held as a Book-Entry Certificate during the applicable Transfer Restriction Period. After the applicable
Transfer Restriction Period, the Retained Certificates may be transferred subject to the restrictions on transfer set forth in
this Article V. Any transfer of an interest in the Retained Certificates that is not in compliance with this Section 5.03
shall be null and void ab initio to the extent permitted under applicable law.

 

(j)             
Other Exchanges. In the event that a Book-Entry Certificate is exchanged for a Definitive Certificate, such Certificates
may be exchanged only in accordance with such procedures as are substantially consistent with the provisions of subsections (c)
through (f) above (including the certification requirements intended to ensure that such transfers comply with Rule 144A
or Regulation S under the Act, at the case may be) and such other procedures as may from time to time be adopted by the Certificate
Registrar.

 

(k)           
Restricted Period. Prior to the termination of the Restricted Period with respect to the issuance of the Certificates,
transfers of interests in the Temporary Regulation S Book-Entry Certificate to U.S. persons (as defined in Regulation S)
shall be limited to transfers made pursuant to the provisions of subsection (e) above.

 

(l)             
If Non-Registered Certificates are issued upon the transfer, exchange or replacement of Certificates bearing a restrictive
legend relating to compliance with the Act, or if a request is made to remove such legend on Certificates, the Non-Registered Certificates
so issued shall bear the restrictive legend, or such legend shall not be removed, as the case may be, unless there is delivered
to the Certificate Registrar such satisfactory evidence, which may include an Opinion of Counsel that neither such legend nor the
restrictions on transfer set forth therein are required to ensure that transfers thereof comply with the provisions of Rule 144A
or Regulation S under the Act. Upon provision of such satisfactory evidence, the Certificate Registrar shall authenticate
and deliver Certificates that do not bear such legend.

 

(m)         
 All Certificates surrendered for registration of transfer and exchange shall be canceled and subsequently destroyed by the
Certificate Registrar in accordance with the Certificate Registrar’s customary procedures.

 

(n)           
With respect to the ERISA Restricted Certificates, no sale, transfer, pledge or other disposition (other than any initial
transfer to the Initial Purchasers or with respect to the Retained Certificates, the Retaining Parties) of any such Certificate
shall be made unless the Trustee and Certificate Administrator shall have received either (i) a representation letter from
the proposed purchaser or transferee of such Certificate substantially in the form of Exhibit F-1 attached hereto,
to the effect that such proposed purchaser or transferee is not (A) an employee benefit plan subject to the fiduciary responsibility
provisions of ERISA or a plan subject to Section 4975 of the Code, or a governmental plan (as defined in Section 3(32)
of ERISA) or

 

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other plan subject to any federal, state or local law (“Similar Law”) which is, to a material extent,
similar to the foregoing provisions of ERISA or the Code (each, a “Plan”) or (B) a person acting on behalf
of or using the assets of any such Plan (including an entity whose underlying assets include Plan assets by reason of investment
in the entity by such Plan and the application of Department of Labor Regulation § 2510.3-101, as modified by Section 3(42)
of ERISA), other than an insurance company using the assets of its general account under circumstances whereby the purchase and
holding of such Certificates by such insurance company will be exempt from the prohibited transaction provisions of ERISA and the
Code under Sections I and III of Prohibited Transaction Class Exemption 95-60 (or, in the case of a Plan subject to Similar
Law, where the purchase, holding and disposition of the Certificate by such Plan will not constitute or result in a non-exempt
violation of applicable Similar Law) or (ii) if such Certificate which may be held only by a person not described in clauses (A)
or (B) above, is presented for registration in the name of a purchaser or transferee that is any of the foregoing, an Opinion
of Counsel in form and substance satisfactory to the Trustee, the Certificate Administrator and the Depositor to the effect that
the acquisition and holding of such Certificate by such purchaser or transferee will not constitute or result in a non-exempt “prohibited
transaction” within the meaning of ERISA or Section 4975 of the Code or a non-exempt violation of any Similar Law, and
will not subject the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer (including, for the avoidance
of doubt, any Excluded Special Servicer), any sub-servicer, the Initial Purchasers, the Underwriters, the Asset Representations
Reviewer, the Operating Advisor or the Depositor to any obligation or liability (including obligations or liabilities under ERISA,
Section 4975 of the Code or any such Similar Law) in addition to those set forth in the Agreement. The Certificate Registrar
shall not register the sale, transfer, pledge or other disposition of any ERISA Restricted Certificate unless the Trustee and Certificate
Administrator have received either the representation letter described in clause (i) above or the Opinion of Counsel
described in clause (ii) above. The costs of any of the foregoing representation letters or Opinions of Counsel shall
not be borne by any of the Depositor, the Master Servicer, the Special Servicer (including, for the avoidance of doubt, any Excluded
Special Servicer), any sub-servicer, the Trustee, the Certificate Administrator, the Initial Purchasers, the Underwriters, the
Operating Advisor, the Asset Representations Reviewer or the Trust. Each Certificate Owner of an ERISA Restricted Certificate shall
be deemed to represent that it is not a Person specified in clauses (i)(A) or (i)(B) above. Any transfer, sale,
pledge or other disposition of any ERISA Restricted Certificates that would constitute or result in a prohibited transaction under
ERISA, Section 4975 of the Code or any Similar Law, or would otherwise violate the provisions of this Section 5.03(n)
shall be deemed absolutely null and void ab initio, to the extent permitted under applicable law.

 

(o)           
No Class R or Class S Certificate may be purchased by or transferred to any prospective purchaser or transferee that is
or will be a Plan, or any person acting on behalf of a Plan or using the assets of a Plan (including an entity whose underlying
assets include Plan assets by reason of investment in the entity by such Plan and the application of Department of Labor Regulation
§ 2510.3-101, as modified by Section 3(42) of ERISA) to purchase such Class R or Class S Certificate. Each prospective
transferee of a Class R or Class S Certificate shall deliver to the transferor and the Certificate Administrator a representation
letter, substantially in the form of Exhibit F-2, stating that the prospective transferee is not a Plan or a person
acting on behalf of or using the assets of a Plan. Each Holder of a Class R or Class S Certificate shall be deemed to represent
that it is not and will not become a Person specified in the second preceding sentence. Any attempted or purported transfer in
violation of these transfer restrictions shall be

 

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null and void ab initio and shall vest no rights in any purported transferee
and shall not relieve the transferor of any obligations with respect to the applicable Certificates.

 

Each Person who has or
acquires any Residual Ownership Interest shall be deemed by the acceptance or acquisition of such Residual Ownership Interest to
have agreed to be bound by the following provisions and the rights of each Person acquiring any Residual Ownership Interest are
expressly subject to the following provisions:

 

(i)            
Each Person acquiring or holding any Residual Ownership Interest shall be a Permitted Transferee and shall not acquire or
hold such Residual Ownership Interest as agent (including a broker, nominee or other middleman) on behalf of any Person that is
not a Permitted Transferee. Any such Person shall promptly notify the Certificate Registrar of any change or impending change in
its status (or the status of the beneficial owner of such Residual Ownership Interest) as a Permitted Transferee. Any acquisition
described in the first sentence of this Section 5.03(n) by a Person who is not a Permitted Transferee or by a Person
who is acting as an agent of a Person who is not a Permitted Transferee shall be void ab initio and of no effect, and the
immediately preceding owner who was a Permitted Transferee shall be restored to registered and beneficial ownership of the Residual
Ownership Interest as soon and as fully as possible.

 

(ii)            
No Residual Ownership Interest may be Transferred, and no such Transfer shall be registered in the Certificate Register,
without the express written consent of the Certificate Registrar, and the Certificate Registrar shall not recognize the Transfer,
and such proposed Transfer shall not be effective, without such consent with respect thereto. In connection with any proposed Transfer
of any Residual Ownership Interest, the Certificate Registrar shall, as a condition to such consent, (x) require the proposed
transferee to deliver, and the proposed transferee shall deliver to the Certificate Registrar and to the proposed transferor, an
affidavit in substantially the form attached as Exhibit D-1 (a “Transferee Affidavit”) of the proposed
transferee (A) that such proposed transferee is a Permitted Transferee and (B) stating that (1) the proposed transferee
historically has paid its debts as they have come due and intends to do so in the future, (2) the proposed transferee understands
that, as the holder of a Residual Ownership Interest, it may incur liabilities in excess of cash flows generated by the residual
interest, (3) the proposed transferee intends to pay taxes associated with holding the Residual Ownership Interest as they
become due, (4) the proposed transferee will not cause income with respect to the Residual Ownership Interest to be attributable
to a foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty, of such proposed transferee
or any other U.S. Tax Person, (5) the proposed transferee will not transfer the Residual Ownership Interest to any Person
that does not provide a Transferee Affidavit or as to which the proposed transferee has actual knowledge that such Person is not
a Permitted Transferee or is acting as an agent (including a broker, nominee or other middleman) for a Person that is not a Permitted
Transferee, and (6) the proposed transferee expressly agrees to be bound by and to abide by the provisions of this Section 5.03(n)
and (y) other than in connection with the initial issuance of a Class R Certificate, require a statement from the proposed
transferor substantially in the form attached as Exhibit D-2 (the “Transferor Letter”), that the
proposed transferor has no actual knowledge that the proposed transferee is not a Permitted Transferee and has no

 

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actual knowledge
or reason to know that the proposed transferee’s statements therein are false.

 

(iii)           Notwithstanding the delivery of a Transferee Affidavit by a proposed transferee under clause (ii) above, if
a Responsible Officer of the Certificate Registrar has actual knowledge that the proposed transferee is not a Permitted Transferee,
no Transfer to such proposed transferee shall be effected and such proposed Transfer shall not be registered on the Certificate
Register; provided, however, the Certificate Registrar shall not be required to conduct any independent investigation
to determine whether a proposed transferee is a Permitted Transferee. Upon notice to the Certificate Registrar that there has occurred
a Transfer to any Person that is a Disqualified Organization or an agent thereof (including a broker, nominee or middleman) in
contravention of the foregoing restrictions, and in any event not later than sixty (60) days after a request for information from
the transferor of such Residual Ownership Interest or such agent, the Certificate Registrar agrees to furnish to the Internal Revenue
Service and the transferor of such Residual Ownership Interest or such agent such information necessary to the application of Section 860E(e)
of the Code as may be required by the Code, including, but not limited to, the present value of the total anticipated excess inclusions
with respect to such Class R Certificate (or portion thereof) for periods after such Transfer. At the election of the Certificate
Registrar, the Certificate Registrar may charge a reasonable fee for computing and furnishing such information to the transferor
or to such agent referred to above; provided, however, that such Persons shall in no event be excused from furnishing
such information.

 

(p)           
The Class R Certificates may only be transferred to and owned by Qualified Institutional Buyers.

 

(q)           
Notwithstanding any other provision of this Agreement, the Certificate Administrator shall comply with all federal withholding
requirements respecting payments to Certificateholders and other payees of interest or original issue discount that the Certificate
Administrator reasonably believes are applicable under the Code. The consent of Certificateholders or payees shall not be required
for such withholding, and the Certificateholders shall be required to provide the Certificate Administrator with such forms and
such other information reasonably required by the Certificate Administrator. If the Certificate Administrator does withhold any
amount from interest or original issue discount payments or advances thereof to any Certificateholder or payee pursuant to federal
withholding requirements, the Certificate Administrator shall indicate the amount withheld to such Person. Such amounts shall be
deemed to have been distributed to such Persons for all purposes of this Agreement.

 

(r)            
In addition, each purchaser of Certificates that is a Plan subject to ERISA or Section 4975 of the Code (an “ERISA
Plan”) or is acting on behalf of or using the assets of an ERISA Plan will be deemed to have represented and warranted
that (i) none of the Depositor, any of the Underwriters, the Initial Purchasers, the Trustee, the Certificate Administrator, the
Trust Fund, the Master Servicer, the Special Servicer (including, for the avoidance of doubt, any Excluded Special Servicer), the
Operating Advisor, the Asset Representations Reviewer, or any of their respective affiliated entities, has provided any investment
recommendation or investment advice on which the ERISA Plan or the fiduciary making the investment decision for the ERISA

 

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Plan
has relied in connection with the decision to acquire any Certificates, and they are not acting as a fiduciary (within the meaning
of Section 3(21) of ERISA or Section 4975(e)(3) of the Code) to the ERISA Plan in connection with the acquisition of any Certificates
(unless an applicable prohibited transaction exemption is available (all of the conditions of which are satisfied) to cover the
purchase or holding of the Certificates or the transaction is not otherwise prohibited) and (ii) the ERISA Plan fiduciary making
the decision to acquire the Certificates is exercising its own independent judgment in evaluating the investment in such Certificates.

 

Section 5.04      
Mutilated, Destroyed, Lost or Stolen Certificates. If (a) any mutilated Certificate is surrendered to the Certificate
Registrar, or the Certificate Registrar receives evidence to its satisfaction of the destruction, loss or theft of any Certificate
and (b) there is delivered to the Certificate Registrar such security or indemnity as may be required by it to save it harmless,
then, in the absence of actual notice to the Certificate Registrar that such Certificate has been acquired by a bona fide purchaser,
the Certificate Registrar shall execute, authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed,
lost or stolen Certificate, a new Certificate of like tenor and interest in the Trust. In connection with the issuance of any new
Certificate under this Section 5.03(r), the Certificate Registrar may require the payment of a sum sufficient to cover
any expenses (including the fees and expenses of the Certificate Registrar) connected therewith. Any replacement Certificate issued
pursuant to this Section 5.03(r) shall constitute complete and indefeasible evidence of ownership in the Trust, as
if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.

 

Section 5.05      
Persons Deemed Owners. The Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee and
the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered as the
owner of such Certificate for the purpose of receiving distributions as provided in this Agreement and for all other purposes whatsoever,
and neither the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Certificate Registrar, nor
any agent of any of them shall be affected by any notice to the contrary; provided, however, that to the extent that
a party to this Agreement responsible for distributing any report, statement or other information required to be distributed to
Certificateholders has been provided an Investor Certification, such party to this Agreement shall distribute such report, statement
or other information to such beneficial owner (or prospective transferee).

 

Section 5.06      
Access to List of Certificateholders’ Names and Addresses; Special Notices. (a) The Certificate Registrar
shall maintain in as current form as is reasonably practicable the most recent list available to it of the names and addresses
of the Certificateholders. If any Certificateholder that has provided an Investor Certification (i) requests in writing from
the Certificate Registrar a list of the names and addresses of Certificateholders, (ii) states that such Certificateholder
desires to communicate with other Certificateholders with respect to its rights under this Agreement or under the Certificates
and (iii) provides a copy of the communication which Certificateholder proposes to transmit, then the Certificate Registrar
shall, within ten (10) Business Days after the receipt of such request, afford such Certificateholder (at such Certificateholder’s
sole cost and expense) access during normal business hours to a current list of the Certificateholders related to the Class of
Certificates held by such Certificateholder. Every Certificateholder, by receiving and holding a Certificate, agrees

 

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that the Certificate
Registrar shall not be held accountable by reason of the disclosure of any such information as to the list of the Certificateholders
or the identity of the Directing Certificateholder hereunder, regardless of the source from which information was derived. The
Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor and the Depositor shall
be entitled to a list of the names and addresses of Certificateholders from time to time upon request therefor.

 

(b)           
(i)  The Certificate Administrator shall include in any Form 10-D any written request received in accordance
with Section 11.04(a) prior to the Distribution Date to which the Form 10-D relates (and on or after the Distribution
Date preceding such Distribution Date) from a Certificateholder or Certificate Owner to communicate with other Certificateholders
or Certificate Owners related to Certificateholders or Certificate Owners exercising their rights under the terms of this Agreement.
Any Form 10-D containing such disclosure (a “Special Notice”) regarding the request to communicate shall include
the following and no more than the following (a) the name of the Certificateholder or Certificate Owner making the request,
(b) the date the request was received, (c) a statement to the effect that the Certificate Administrator has received
such request, stating that such Certificateholder or Certificate Owner is interested in communicating with other Certificateholders
or Certificate Owners with regard to the possible exercise of rights under this Agreement, and (d) a description of the method
other Certificateholders or Certificate Owners may use to contact the requesting Certificateholder or Certificate Owner.

 

(ii)            
In verifying the identity of any Certificateholder or Certificate Owner in connection with any request to communicate, (i) if
the Certificateholder or Certificate Owner is the holder of record with respect to any Certificate, the Certificate Administrator
shall not require any further verification or (ii) if the Certificateholder or Certificate Owner is not the holder of record
with respect to any Certificate, the Certificate Administrator shall require no more than (x) a written certification from
such Certificateholder or Certificate Owner that it is the beneficial owner of a Certificate and (y) another document confirming
ownership of such Certificate (e.g., trade confirmation, account statement, or a letter from a broker-dealer). The Certificate
Administrator shall not have any obligation to verify the information provided by any Certificateholder or Certificate Owner in
any request to communicate and may rely on such information conclusively. Additionally, any expenses the Certificate Administrator
incurs in connection with any request to communicate shall be paid by the Trust.

 

Section 5.07      
Maintenance of Office or Agency. The Certificate Registrar shall maintain or cause to be maintained an office or
offices or agency or agencies where Certificates may be surrendered for registration of transfer or exchange and where notices
and demands to or upon the Certificate Registrar in respect of the Certificates and this Agreement may be served. The Certificate
Registrar initially designates its office at 600 South 4th Street, 7th Floor, Minneapolis, Minnesota 55479-0113
as its office for such purposes. The Certificate Registrar shall give prompt written notice to the Certificateholders and the Mortgagors
of any change in the location of the Certificate Register or any such office or agency.

 

Section 5.08      
Appointment of Certificate Administrator. (a)  Wells Fargo Bank, National Association is hereby initially
appointed Certificate Administrator in accordance with

 

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the terms of this Agreement. If the Certificate Administrator resigns or
is terminated, the Trustee shall appoint a successor certificate administrator which may be the Trustee or an Affiliate thereof
to fulfill the obligations of the Certificate Administrator hereunder which must satisfy the eligibility requirements set forth
in Section 8.06.

 

(b)           
The Certificate Administrator may rely upon and shall be protected in acting or refraining from acting upon any resolution,
Officer’s Certificate, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice,
request, consent, order, Appraisal, bond or other paper or document reasonably believed by it to be genuine and to have been signed
or presented by the proper party or parties.

 

(c)            
The Certificate Administrator, at the expense of the Trust (but only if such amount constitutes “unanticipated expenses
incurred by the REMIC” within the meaning of Treasury Regulations Section 1.860G-1(b)(3)(ii)), may consult with counsel
and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of
any action taken or suffered or omitted by it hereunder in good faith and in accordance therewith.

 

(d)           
The Certificate Administrator shall not be personally liable for any action reasonably taken, suffered or omitted by it
in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement.

 

(e)            
The Certificate Administrator may execute any of the trusts or powers hereunder or perform any duties hereunder either directly
or by or through agents or attorneys; provided, however, that the appointment of such agents or attorneys shall not
relieve the Certificate Administrator of its duties or obligations hereunder.

 

(f)            
The Certificate Administrator shall not be responsible for any act or omission of the Trustee, the Master Servicer, the
Special Servicer or the Depositor.

 

Section 5.09      
[Reserved].

 

Section 5.10      
Voting Procedures. With respect to any matters submitted to Certificateholders for a vote, the Certificate Administrator
shall administer such vote through the Depository with respect to Book-Entry Certificates and directly with registered Holders
by mail with respect to Definitive Certificates. In each case, such vote shall be administered in accordance with the following
procedures, unless different procedures are otherwise described herein with respect to a specific vote:

 

(a)            
Any matter submitted to Certificateholders for a vote shall be announced in a notice prepared by the Certificate Administrator.
Such notice shall include the record date determined by the Certificate Administrator for purposes of the vote and a voting deadline
which shall be no less than thirty (30) days and no later than sixty (60) days after the date such notice is distributed. The notice
and related ballot shall be sent to Holders of Book-Entry Certificates through the Depository and by mail to the registered Holders
of Definitive Certificates. In addition, the notice and related ballot shall be posted to the Certificate Administrator’s
Website. Notices delivered in this manner shall be considered delivered to all Holders regardless of whether any Holder actually
receives the notice and ballot.

 

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(b)           
In connection with any vote administered pursuant to this Agreement, voting Holders shall be required to certify their holdings
in the manner set forth on the ballot, unless a specific manner is otherwise provided herein. Holders may only vote in accordance
with their Voting Rights. Voting Rights with respect to any outstanding Class of Certificates shall be calculated by the Certificate
Administrator in accordance with the definition of Voting Rights as of the record date for the vote. Only Classes with an outstanding
Certificate Balance greater than zero as of the record date of the vote shall be permitted to vote. Once a Holder has cast its
vote, the vote may be changed or retracted on or before the vote deadline. Any changes or retractions shall be communicated by
the Certificateholder to the Certificate Administrator in writing on a ballot. After the vote deadline has passed, votes may not
be changed or retracted by any Holder unless the Holder wishing to change or retract its vote holds a sufficient portion of the
Voting Rights such that the Holder, by its vote alone, could approve or deny the proposition subject to a vote without taking into
consideration the votes cast by any other Holder. Transferees or purchasers of any Class of Certificates are subject to and shall
be bound by all votes of Holders initiated or conducted prior to its acquisition of such Certificate.

 

(c)            
The Certificate Administrator may take up to fifteen (15) Business Days to tabulate the results of any vote. The Certificate
Administrator shall use its reasonable efforts to resolve any illegible or incomplete ballots received prior to the voting deadline.
Illegible or incomplete ballots that are received on the voting deadline or that cannot be resolved by the voting deadline shall
not be counted. Promptly after the votes are tabulated, the Certificate Administrator shall prepare a notice announcing the results
of the vote. Such notice shall include the percentage of Voting Rights in favor of the proposition, the percentage against the
proposition and the percentage abstaining. In addition, the notice will announce whether the proposition has been adopted by Certificateholders.
The notice shall be distributed in accordance with the methods described in Section 5.10(a) above. The Certificate
Administrator shall also include such notice on the Form 10-D prepared in connection with the distribution period that corresponds
with the date such notice is distributed. All vote tabulations shall be final and the Certificate Administrator shall not, absent
manifest error, re-tabulate the votes or conduct a new vote for the same proposition.

 

(d)           
Any and all reasonable expenses incurred by the Certificate Administrator in connection with administering any vote shall
be borne by the Trust. The Certificate Administrator is under no obligation to advise Holders about the matter being voted on or
answer questions other than process-related questions regarding the administration of the vote.

 

(e)           
If any party to this Agreement believes a vote of Certificateholders is needed for some matter related to the administration
of the Trust that is not specifically contemplated herein, such party may request the Certificate Administrator to conduct a vote
and the Certificate Administrator will conduct the requested vote in accordance with these procedures. Unless specifically provided
herein, all such votes require a majority of Certificateholders to carry a proposition.

 

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[End of Article V]

 

Article VI

THE DEPOSITOR, THE MASTER SERVICER, THE SPECIAL SERVICER, the Operating Advisor, THE ASSET REPRESENTATIONS REVIEWER, THE DIRECTING
CERTIFICATEHOLDER AND THE RISK RETENTION CONSULTATION PARTIES

 

Section 6.01      
Representations, Warranties and Covenants of the Master Servicer, Special Servicer, the Operating Advisor and the Asset
Representations Reviewer. (a)  The Master Servicer hereby represents, warrants and covenants to the Trustee, for
its own benefit and the benefit of the Certificateholders, each Serviced Companion Noteholder, the Depositor, the Certificate Administrator,
the Special Servicer, the Asset Representations Reviewer and the Operating Advisor, as of the Closing Date, that:

 

(i)            
The Master Servicer is a national banking association, duly organized, validly existing and in good standing under the laws
of the United States of America, and the Master Servicer is in compliance with the laws of each State in which any Mortgaged Property
is located to the extent necessary to perform its obligations under this Agreement;

 

(ii)            
The execution and delivery of this Agreement by the Master Servicer, and the performance and compliance with the terms of
this Agreement by the Master Servicer, do not (A) violate the Master Servicer’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 the breach
of, any material agreement or other material instrument to which it is a party or which is applicable to it or any of its assets
or (C) violate any law, rule, regulation, order, judgment or decree to which the Master Servicer or its property is subject,
which, in the case of either (B) or (C), is likely to materially and adversely affect either the ability of the Master Servicer
to perform its obligations under this Agreement or its financial condition;

 

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

 

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

 

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

 

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

 

(vii)          The Master Servicer has errors and omissions insurance coverage that is in full force and effect or is self-insuring with
respect to such risks, which in either case complies with the requirements of Section 3.07(a) hereof; and

 

(viii)         No consent, approval, authorization or order of, registration or filing with, or notice to, any governmental authority or
court is required under federal or state law for the execution, delivery and performance by the Master Servicer of, or compliance
by the Master Servicer with, this Agreement or the Master Servicer’s consummation of any transactions contemplated hereby,
other than (A) such consents, approvals, authorizations, orders, qualifications, registrations, filings or notices as have
been obtained, made or given prior to the actual performance by the Master Servicer of its obligations under this Agreement or
(B) where the lack of such consent, approval, authorization, order, qualification, registration, filing or notice would not
have a material adverse effect on the performance by the Master Servicer under this Agreement.

 

(ix)            To the actual knowledge of the Master Servicer, the Master Servicer is not a Risk Retention Affiliate of the Third Party
Purchaser.

 

(b)           
The Special Servicer hereby represents, warrants and covenants to the Trustee, for its own benefit and the benefit of the
Certificateholders, each Serviced Companion Noteholder, the Depositor, the Certificate Administrator, the Master Servicer, the
Asset Representations Reviewer and the Operating Advisor, as of the Closing Date, that:

 

(i)            
The Special Servicer is a is a national banking association, duly organized, validly existing and in good standing under
the laws of the United States of America, and the Master Servicer is in compliance with the laws of each State in which any Mortgaged
Property is located to the extent necessary to perform its obligations under this Agreement;

 

(ii)            
The execution and delivery of this Agreement by the Special Servicer, and the performance and compliance with the terms
of this Agreement by the Special Servicer, do not (A) violate the Special Servicer’s organizational documents,

 

 

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(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 material instrument to which it is a party or which is applicable to it or any of its assets,
or (C) violate any law, rule, regulation, order, judgment or decree to which the Special Servicer or its property is subject,
which, in the case of either (B) or (C), is likely to materially and adversely affect either the ability of the Special Servicer
to perform its obligations under this Agreement or its financial condition;

 

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

 

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

 

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

 

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

 

(vii)          The Special Servicer has errors and omissions coverage which is in full force and effect or is self-insuring with respect
to such risks, which in either case complies with the requirements of Section 3.07 hereof; and

 

(viii)         No consent, approval, authorization or order of any court or governmental agency or body is required under federal or state
law for the execution, delivery and performance by the Special Servicer of, or compliance by the Special Servicer with, this Agreement
or the consummation of the transactions of the Special Servicer contemplated by this Agreement, except for any consent, approval,
authorization or order which has been obtained or can be obtained prior to the actual performance by the Special Servicer of its
obligations under this Agreement, or which, if not obtained would not have a

 

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materially adverse effect on the ability of the Special
Servicer to perform its obligations hereunder.

 

(c)            The Operating Advisor hereby represents, warrants and covenants to the Trustee, for its own benefit and the benefit of the
Certificateholders, each Serviced Companion Noteholder, the Depositor, the Certificate Administrator, the Master Servicer and the
Special Servicer, as of the Closing Date, that:

 

(i)            
The Operating Advisor is a limited liability company, duly organized, validly existing and in good standing under the laws
of the State of Delaware, and the Operating Advisor 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;

 

(ii)            The execution and delivery of this Agreement by the Operating Advisor, and the performance and compliance with the terms
of this Agreement by the Operating Advisor, do not (A) violate the Operating Advisor’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 the breach
of, any material agreement or other material instrument to which it is a party or which is applicable to it or any of its assets,
or (C) violate any law, rule, regulation, order, judgment or decree to which the Operating Advisor or its property is subject,
which, in the case of either (B) or (C), is likely to materially and adversely affect either the ability of the Operating Advisor
to perform its obligations under this Agreement or its financial condition;

 

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

 

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

 

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

 

 

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(vi)           The Operating Advisor has errors and omissions insurance coverage that is in full force and effect or is self-insuring with
respect to such risks, which in either case complies with the requirements of Section 3.07(g) hereof;

 

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

 

(viii)         No consent, approval, authorization or order of any court or governmental agency or body is required under federal or state
law for the execution, delivery and performance by the Operating Advisor of, or compliance by the Operating Advisor with, this
Agreement or the consummation of the transactions of the Operating Advisor contemplated by this Agreement, except for any consent,
approval, authorization or order which has been obtained or can be obtained prior to the actual performance by the Operating Advisor
of its obligations under this Agreement, or which, if not obtained would not have a materially adverse effect on the ability of
the Operating Advisor to perform its obligations hereunder; and

 

(ix)            The Operating Advisor is an Eligible Operating Advisor.

 

(d)           
The Asset Representations Reviewer hereby represents and warrants to the Trustee, for its own benefit and the benefit of
the Certificateholders, and to the Depositor, the Master Servicer, the Special Servicer and the Certificate Administrator, as of
the Closing Date, that:

 

(i)            
The Asset Representations Reviewer is a limited liability company, duly organized, validly existing and in good standing
under the laws of the State of Delaware, and the Asset Representations Reviewer 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;

 

(ii)            
The execution and delivery of this Agreement by the Asset Representations Reviewer, and the performance and compliance with
the terms of this Agreement by the Asset Representations Reviewer, do not (A) violate the Asset Representations Reviewer’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 the breach of, any material agreement or other material instrument to which it is a party or which
is applicable to it or any of its assets, or (C) violate any law, rule, regulation, order, judgment or decree to which the
Asset Representations Reviewer or its property is subject, which, in the case of either (B) or (C), is likely to materially and
adversely affect either the ability of the Asset Representations Reviewer to perform its obligations under this Agreement or its
financial condition;

 

(iii)            The Asset Representations Reviewer has the full power and authority to enter into and consummate all transactions to be
performed by it contemplated by this

 

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Agreement, has duly authorized the execution, delivery and performance of this Agreement,
and has duly executed and delivered this Agreement;

 

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

 

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

 

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

 

(vii)          The Asset Representations Reviewer has errors and omissions coverage which is in full force and effect or is self-insuring
with respect to such risks, which in either case complies with the requirements of Section 3.07(g) hereof; and

 

(viii)         No consent, approval, authorization or order of any court or governmental agency or body is required under federal or state
law for the execution, delivery and performance by the Asset Representations Reviewer of, or compliance by the Asset Representations
Reviewer with, this Agreement or the consummation of the transactions of the Asset Representations Reviewer contemplated by this
Agreement, except for any consent, approval, authorization or order which has been obtained or can be obtained prior to the actual
performance by the Asset Representations Reviewer of its obligations under this Agreement, or which, if not obtained would not
have a materially adverse effect on the ability of the Asset Representations Reviewer to perform its obligations hereunder; and

 

(ix)            The Asset Representations Reviewer is an Eligible Asset Representations Reviewer.

 

(e)            The representations and warranties set forth in paragraphs (a)-(d) above shall survive the execution and delivery
of this Agreement. Upon receipt of written notice or

 

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actual knowledge by any party to this Agreement (or upon written notice thereof
from any Certificateholder or any Companion Holder) of a breach of any of the representations and warranties set forth in this
Section which materially and adversely affects the interests of any party to this Agreement, the Certificateholders, the party
discovering such breach shall give prompt written notice to the other parties hereto, each certifying Certificateholder, and, prior
to the occurrence and continuance of a Control Termination Event, the Directing Certificateholder.

 

Section 6.02      
Liability of the Depositor, the Master Servicer, the Operating Advisor, the Special Servicer and the Asset Representations
Reviewer. The Depositor, the Master Servicer, the Operating Advisor, the Special Servicer and the Asset Representations Reviewer
shall be liable in accordance herewith only to the extent of the respective obligations specifically imposed upon and undertaken
by, and no implied duties or obligations may be asserted against, the Depositor, the Master Servicer, the Operating Advisor, the
Special Servicer and the Asset Representations Reviewer herein.

 

Section 6.03      
Merger, Consolidation or Conversion of the Depositor, the Master Servicer, the Operating Advisor, the Special Servicer
or the Asset Representations Reviewer. (a)  Subject to subsection (b) below, the Depositor, the Master
Servicer, the Special Servicer, the Operating Advisor and the Asset Representations Reviewer each will keep in full effect its
existence, rights and franchises as an entity under the laws of the jurisdiction of its incorporation or organization, and each
will obtain and preserve its qualification to do business as a foreign entity in each jurisdiction in which qualification is or
shall be necessary to protect the validity and enforceability of this Agreement, the Certificates or any of the Mortgage Loans
or Companion Loans and to perform its respective duties under this Agreement.

 

(b)           
The Depositor, the Master Servicer, the Special Servicer, the Operating Advisor and the Asset Representations Reviewer each
may be merged or consolidated with or into any Person, or transfer all or substantially all of its assets (which may be limited
to all or substantially all of its assets related to commercial mortgage loan servicing or commercial mortgage surveillance, as
the case may be, or, in the case of the Operating Advisor, may be limited to all or substantially all of its assets related to
acting as a trust advisor or operating advisor for commercial mortgage securitizations and, in the case of the Asset Representations
Reviewer, may be limited to all or substantially all of its assets related to acting as an asset representations reviewer for commercial
mortgage securitizations) to any Person, in which case any Person resulting from any merger or consolidation to which the Depositor,
the Master Servicer, the Special Servicer, the Operating Advisor, or the Asset Representations Reviewer shall be a party, or any
Person succeeding to the business of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, or the Asset
Representations Reviewer, shall be the successor of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor,
or the Asset Representations Reviewer (such Person, in the case of the Master Servicer or the Special Servicer, in each of the
foregoing cases, the “Surviving Entity”), as the case may be, hereunder, without the execution or filing of
any paper (other than an assumption agreement wherein the successor shall agree to perform the obligations of and serve as the
Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, or the Asset Representations Reviewer, as the case
may be, in accordance with the terms of this Agreement) or any further act on the part of any of the parties hereto, anything herein
to the contrary notwithstanding; provided, however, that with respect to such merger, consolidation or succession,
Rating Agency

 

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Confirmation is received from each Rating Agency with respect to the Classes of Certificates and, with respect to
any class of Serviced Companion Loan Securities, a confirmation is received from each applicable rating agency that such action
will not result in the downgrade, withdrawal or qualification of its then-current ratings (provided that such rating agency
confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with
respect to the Certificates as described in Section 3.25); provided, further, that if the Master Servicer,
the Special Servicer, the Asset Representations Reviewer or the Operating Advisor enters into a merger and the Master Servicer,
the Special Servicer, the Asset Representations Reviewer or the Operating Advisor, as applicable, is the surviving entity under
applicable law, the Master Servicer, the Special Servicer, the Asset Representations Reviewer or the Operating Advisor, as applicable,
shall not, as a result of the merger, be required to provide a Rating Agency Confirmation with respect to ratings of the Classes
of Certificates or, with respect to any class of Serviced Companion Loan Securities, a confirmation of the rating agencies that
such action will not result in the downgrade, withdrawal or qualification of its then-current ratings; provided, further,
that for so long as the Trust, and, with respect to any Companion Loan included as part of the trust in a related Other Securitization,
is subject to the reporting requirements of the Exchange Act, if the Master Servicer, the Special Servicer, the Asset Representations
Reviewer or the Operating Advisor notifies the Depositor in writing (a “Merger Notice”) of any such merger,
consolidation, conversion or other change in form, and the Depositor or the depositor in such Other Securitization, as the case
may be, notifies the Master Servicer, the Special Servicer, the Asset Representations Reviewer or the Operating Advisor, as applicable,
in writing that the Depositor or the depositor in such Other Securitization, as the case may be, has discovered that such successor
entity has not complied with its Exchange Act reporting obligations under any other commercial mortgage loan securitization (and
specifically identifying the instance of noncompliance), then it shall be an additional condition to such succession that the Depositor
or the depositor in such Other Securitization, as the case may be, shall have consented (which consent shall not be unreasonably
withheld or delayed) to such successor entity. Notwithstanding the foregoing, no Master Servicer, Special Servicer, Asset Representations
Reviewer or Operating Advisor may remain the Master Servicer, Special Servicer, the Asset Representations Reviewer or the Operating
Advisor, as applicable, under this Agreement after (x) being merged or consolidated with or into any Person that is a Prohibited
Party, or (y) transferring all or substantially all of its assets to any Person if such Person is a Prohibited Party, except
to the extent (i) the Master Servicer, the Special Servicer, the Asset Representations Reviewer or Operating Advisor, as applicable,
is the surviving entity of such merger, consolidation or transfer and has been and continues to be in compliance with its Regulation
AB reporting obligations hereunder or (ii) the Depositor consents to such merger, consolidation or transfer, which consent
shall not be unreasonably withheld. If, within sixty (60) days following the date of delivery of the Merger Notice to the Depositor
or the depositor in such Other Securitization, as the case may be, the Depositor or depositor in such Other Securitization, as
the case may be, shall have failed to notify the Master Servicer or the Special Servicer, as applicable, in writing of the Depositor’s
determination, or depositor’s determination, in the case of an Other Securitization, to grant or withhold such consent, such
failure shall be deemed to constitute a grant of such consent. If the conditions to the provisions in the second preceding sentence
are not met, the Trustee may terminate, and if the conditions set forth in the third proviso of the second preceding sentence are
not met the Trustee shall terminate, the applicable

 

 

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Surviving Entity’s servicing of the Mortgage Loans pursuant hereto, such
termination to be effected in the manner set forth in Section 13.01.

 

(i)            
The Asset Representations Reviewer shall keep in full effect its existence and rights as an entity under the laws of the
jurisdiction of its organization, and shall be in compliance with the laws of all jurisdictions to the extent necessary to perform
its duties under this Agreement.

 

(ii)            Any Person into which the Asset Representations Reviewer may be merged or consolidated, or any Person resulting from any
merger or consolidation to which the Asset Representations Reviewer shall be a party, or any Person succeeding to the business
of the Asset Representations Reviewer, shall be the successor of the Asset Representations Reviewer hereunder, and shall be deemed
to have assumed all of the liabilities and obligations of such Asset Representations Reviewer hereunder, without the execution
or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding;
provided, however, that the Trustee has received a Rating Agency Confirmation with respect to such successor or surviving
Person.

 

Section 6.04      
Limitation on Liability of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset
Representations Reviewer and Others. (a)  None of the Depositor, the Master Servicer (including in its capacity as
Companion Paying Agent), the Special Servicer, the Operating Advisor, the Asset Representations Reviewer or any of the partners,
directors, officers, shareholders, members, managers, employees or agents of any of the foregoing shall be under any liability
to the Trust, the Certificateholders or the Companion Holders 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 (i) this provision
shall not protect the Depositor, the Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer,
the Operating Advisor, the Asset Representations Reviewer or any such Person against any breach of warranties or representations
made by it herein or any liability which would otherwise be imposed by reason of willful misconduct, bad faith or negligence in
the performance of such party’s obligations or duties or by reason of negligent disregard of such party’s obligations
and duties hereunder. The Depositor, the Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer,
the Operating Advisor, the Asset Representations Reviewer and any partner, director, officer, shareholder, member, manager, employee
or agent of the Depositor, the Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer, the
Operating Advisor or the Asset Representations Reviewer may rely on any document of any kind which, prima facie, is properly
executed and submitted by any Person respecting any matters arising hereunder. The Depositor, the Master Servicer (including in
its capacity as Companion Paying Agent), the Special Servicer, the Operating Advisor, the Asset Representations Reviewer and any
partner, director, officer, shareholder, member, manager, employee or agent of any of the foregoing shall be indemnified and held
harmless by the Trust against any and all claims, losses, penalties, fines, forfeitures, reasonable legal fees and related costs,
judgments, and any other costs, liabilities, fees, including any costs of enforcement, and expenses incurred in connection with
any legal or administrative action (whether in equity or at law) or claim relating to this Agreement, the Mortgage Loans, the Companion
Loans or the Certificates, other than any loss, liability or expense: (i) specifically

 

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required to be borne thereby pursuant
to the terms hereof; (ii) incurred in connection with any breach of a representation or warranty made by it herein; (iii) incurred
by reason of bad faith, willful misconduct or negligence in the performance of its obligations or duties hereunder, or by reason
of negligent disregard of such obligations or duties; or (iv) in the case of the Depositor and any of its partners, directors,
officers, shareholders, members, managers, employees and agents, incurred in connection with any violation by any of them of any
state or federal securities law. In addition, absent actual fraud (as determined by a final non-appealable court order), neither
the Trustee nor the Certificate Administrator shall be liable for special, punitive, indirect or consequential loss or damage of
any kind whatsoever (including but not limited to lost profits), even if the Trustee or the Certificate Administrator has been
advised of the likelihood of such loss or damage and regardless of the form of action. Each of the Master Servicer (including in
its capacity as Companion Paying Agent), the Special Servicer, the Operating Advisor and the Asset Representations Reviewer conclusively
may rely on, and shall be protected in acting or refraining from acting upon, any resolution, officer’s certificate, certificate
of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, financial statement,
agreement, appraisal, bond or other document (in electronic or paper format) as contemplated by and in accordance with this Agreement
and reasonably believed or in good faith believed by the Master Servicer (including in its capacity as Companion Paying Agent),
the Special Servicer, the Operating Advisor or the Asset Representations Reviewer to be genuine and to have been signed or presented
by the proper party or parties and each of them may consult with counsel, in which case any written advice of counsel or Opinion
of Counsel shall be full and complete authorization and protection with respect to any action taken or suffered or omitted by it
hereunder in good faith and in accordance with such advice or Opinion of Counsel.

 

(b)           
None of the Depositor, the Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer,
the Operating Advisor and the Asset Representations Reviewer shall be under any obligation to appear in, prosecute or defend any
legal or administrative action (whether in equity or at law), proceeding, hearing or examination that is not incidental to its
respective duties under this Agreement or which in its opinion may involve it in any expense or liability not recoverable from
the Trust; provided, however, that each of the Depositor, the Master Servicer, the Special Servicer, the Operating
Advisor or the Asset Representations Reviewer may in its discretion undertake any such action, proceeding, hearing or examination
that it may deem necessary or desirable in respect to this Agreement and the rights and duties of the parties hereto and the interests
of the Certificateholders (and, in the case of any Serviced Whole Loan, the rights of the Certificateholders and the holders of
a Serviced Companion Loan (as a collective whole) taking into account the subordinate or pari passu nature of such Serviced
Companion Loan); provided, however, that if a Serviced Whole Loan and/or the holder of any related Companion Loan
are involved, such expenses, costs and liabilities will be payable out of funds related to the applicable Serviced Whole Loan in
accordance with the related Intercreditor Agreement and will also be payable out of the other funds in the Collection Account if
amounts on deposit with respect to such Serviced Whole Loan are insufficient therefor. If any such expenses, costs or liabilities
relate to a Mortgage Loan or Companion Loan, then any subsequent recovery on that Mortgage Loan or Companion Loan, as applicable,
will be used to reimburse the Trust for any amounts advanced for the payment of such expenses, costs or liabilities. In such event,
the legal expenses and costs of such action, proceeding, hearing or examination and any liability resulting therefrom shall be
expenses, costs and liabilities of the Trust, and the Depositor, the Master Servicer (including in its capacity as

 

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Companion Paying
Agent), the Special Servicer, the Operating Advisor and the Asset Representations Reviewer shall be entitled to be reimbursed therefor
out of amounts attributable to the Mortgage Loans or the Companion Loan on deposit in the Collection Account (including, without
duplication, any subaccount thereof), as provided by Section 3.05(a)(xii).

 

(c)            Each of the Master Servicer and the Special Servicer, as applicable, agrees to indemnify the Depositor, the Trustee, the
related Serviced Companion Noteholder, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer,
the Master Servicer (including in its capacity as Companion Paying Agent) (in the case of the Special Servicer), the Special Servicer
(in the case of the Master Servicer) and the Trust and any partner, director, officer, shareholder, member, manager, employee or
agent thereof, and hold them harmless, from and against any and all claims, losses, penalties, fines, forfeitures, reasonable legal
fees and related costs, judgments, and any other costs, liabilities, fees, including any costs of enforcement, and expenses that
any of them may sustain arising from or as a result of any willful misconduct, bad faith or negligence of the Master Servicer or
the Special Servicer, as the case may be, in the performance of its obligations and duties under this Agreement or by reason of
negligent disregard by the Master Servicer or the Special Servicer, as the case may be, of its duties and obligations hereunder
or by reason of breach of any representations or warranties made herein by the Master Servicer or the Special Servicer, as applicable.
The Depositor, the Trustee, the Certificate Administrator, the Operating Advisor or the Asset Representations Reviewer, as the
case may be, shall immediately notify the Master Servicer or the Special Servicer, as applicable, if a claim is made by a third
party with respect to this Agreement or the Mortgage Loans entitling the Trust to indemnification hereunder, whereupon the Master
Servicer or the Special Servicer, as the case may be, shall assume the defense of such claim (with counsel reasonably satisfactory
to the Trustee, the Certificate Administrator, Operating Advisor, Asset Representations Reviewer or the Depositor, as applicable)
and pay all expenses in connection therewith, including counsel fees, and promptly pay, discharge and satisfy any judgment or decree
which may be entered against it or them in respect of such claim. Any failure to so notify the Master Servicer or the Special Servicer,
as the case may be, shall not affect any rights any of the foregoing Persons may have to indemnification under this Agreement or
otherwise, unless the Master Servicer’s or the Special Servicer’s, as the case may be, defense of such claim is materially
prejudiced thereby.

 

(d)           
Each of the Trustee and the Certificate Administrator (including in its role as Custodian), respectively agrees to indemnify
the Depositor, the Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer, the Certificate
Administrator (in the case of the Trustee), the Trustee (in the case of the Certificate Administrator), the Operating Advisor,
the Asset Representations Reviewer and the Trust and any partner, director, officer, shareholder, member, manager employee or agent
thereof, and hold them harmless, from and against any and all claims, losses, penalties, fines, forfeitures, reasonable legal fees
and related costs, judgments, and any other costs, liabilities, fees, including any costs of enforcement, and expenses that any
of them may sustain arising from or as a result of any willful misconduct, bad faith or negligence of the Trustee or the Certificate
Administrator, respectively, in the performance of its obligations and duties under this Agreement or by reason of negligent disregard
by the Trustee or the Certificate Administrator, respectively, of its duties and obligations hereunder or by reason of breach of
any representations or warranties made herein; provided that such indemnity shall not cover indirect or consequential damages.
The Depositor,

 

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the Master Servicer, the Special Servicer, the Asset Representations Reviewer or the Operating Advisor, as the case
may be, shall immediately notify the Trustee and the Certificate Administrator, respectively, if a claim is made by a third party
with respect to this Agreement or the Mortgage Loans entitling the Trust to indemnification hereunder, whereupon the Trustee or
the Certificate Administrator shall assume the defense of such claim (with counsel reasonably satisfactory to the Depositor, the
Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer, the Asset Representations Reviewer
or the Operating Advisor) and pay all expenses in connection therewith, including counsel fees, and promptly pay, discharge and
satisfy any judgment or decree which may be entered against it or them in respect of such claim. Any failure to so notify the Trustee
or the Certificate Administrator shall not affect any rights any of the foregoing Persons may have to indemnification under this
Agreement or otherwise, unless the Trustee’s or the Certificate Administrator’s defense of such claim is materially
prejudiced thereby.

 

(e)            The Depositor agrees to indemnify the Master Servicer (including in its capacity
as Companion Paying Agent), the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer and the Trust and any partner, director, officer, shareholder, member, manager, employee or agent thereof,
and hold them harmless, from and against any and all claims, losses, penalties, fines, forfeitures, reasonable legal fees and
related costs, judgments, and any other costs, liabilities, fees, including any costs of enforcement, and expenses that any of
them may sustain arising from or as a result of any willful misconduct, bad faith or negligence of the Depositor, in the performance
of its obligations and duties under this Agreement or by reason of negligent disregard by the Depositor of its duties and obligations
hereunder or by reason of breach of any representations or warranties made herein; provided that such indemnity shall not
cover indirect or consequential damages. The Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Asset Representations Reviewer or the Operating Advisor, as the case may be, shall immediately notify the Depositor if a claim
is made by a third party with respect to this Agreement, whereupon the Depositor shall assume the defense of such claim (with
counsel reasonably satisfactory to the Master Servicer (including in its capacity as Companion Paying Agent) or the Special Servicer)
and pay all expenses in connection therewith, including counsel fees, and promptly pay, discharge and satisfy any judgment or
decree which may be entered against it or them in respect of such claim. Any failure to so notify the Depositor shall not affect
any rights any of the foregoing Persons may have to indemnification under this Agreement or otherwise, unless the Depositor’s
defense of such claim is materially prejudiced thereby.

 

(f)            
The Operating Advisor agrees to indemnify the Master Servicer (including in its capacity as Companion Paying Agent), the Special
Servicer, the Trustee, the Certificate Administrator, the Depositor, the Asset Representations Reviewer and the Trust and any
partner, director, officer, shareholder, member, manager, employee or agent thereof, and hold them harmless, from and against
any and all claims, losses, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments, and any other costs,
liabilities, fees, including any costs of enforcement, and expenses that any of them may sustain arising from or as a result of
any willful misconduct, bad faith or negligence of the Operating Advisor, in the performance of its obligations and duties under
this Agreement or by reason of negligent disregard by the Operating Advisor of its duties and obligations hereunder or by reason
of breach of any representations or warranties made herein; provided that such indemnity shall not cover indirect or consequential

 

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damages. The Master Servicer, the Special
Servicer, the Trustee, the Certificate Administrator, the Asset Representations Reviewer or the Depositor, as the case may be,
shall immediately notify the Operating Advisor if a claim is made by a third party with respect to this Agreement or the Mortgage
Loans entitling the Trust to indemnification hereunder, whereupon the Operating Advisor shall assume the defense of such claim
(with counsel reasonably satisfactory to the Master Servicer (including in its capacity as Companion Paying Agent), the Special
Servicer, the Trustee, the Certificate Administrator, the Asset Representations Reviewer or the Depositor) and pay all expenses
in connection therewith, including counsel fees, and promptly pay, discharge and satisfy any judgment or decree which may be entered
against it or them in respect of such claim. Any failure to so notify the Operating Advisor shall not affect any rights any of
the foregoing Persons may have to indemnification under this Agreement or otherwise, unless the Operating Advisor’s defense
of such claim is materially prejudiced thereby.

 

(g)           
Neither the Operating Advisor nor its Affiliates or any of the partners, directors, officers, shareholders, members, managers,
employees or agents of the Operating Advisor shall be under any liability to any Certificateholder 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 Operating Advisor against any liability which would otherwise be imposed
by reason of willful misconduct, bad faith or negligence in the performance of duties or by reason of negligent disregard of obligations
and duties hereunder.

 

(h)           
The Asset Representations Reviewer agrees to indemnify the Master Servicer (including in its capacity as Companion Paying
Agent), the Special Servicer, the Trustee, the Certificate Administrator, the Depositor, the Operating Advisor and the Trust and
any partner, director, officer, shareholder, member, manager, employee or agent thereof, and hold them harmless, from and against
any and all claims, losses, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments, and any other costs,
liabilities, fees and expenses that any of them may sustain arising from or as a result of any willful misconduct, bad faith or
negligence of the Asset Representations Reviewer, in the performance of its obligations and duties under this Agreement or by reason
of negligent disregard by the Asset Representations Reviewer of its duties and obligations hereunder or by reason of breach of
any representations or warranties made herein; provided that such indemnity shall not cover indirect or consequential damages.
The Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor or the Depositor,
as the case may be, shall immediately notify the Asset Representations Reviewer if a claim is made by a third party with respect
to this Agreement or the Mortgage Loans or the Trust Subordinate Companion Loan entitling the Trust to indemnification hereunder,
whereupon the Asset Representations Reviewer shall assume the defense of such claim (with counsel reasonably satisfactory to the
Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor or the Depositor) and pay all expenses in connection therewith, including counsel fees, and promptly pay,
discharge and satisfy any judgment or decree which may be entered against it or them in respect of such claim. Any failure to so
notify the Asset Representations Reviewer shall not affect any rights any of the foregoing Persons may have to indemnification
under this Agreement or otherwise, unless the Asset Representations Reviewer’s defense of such claim is materially prejudiced
thereby.

 

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(i)             
The applicable Non-Serviced Master Servicer, Non-Serviced Special Servicer, Non-Serviced Certificate Administrator, Non-Serviced
Operating Advisor, Non-Serviced Asset Representations Reviewer, Non-Serviced Depositor and Non-Serviced Trustee, and any of their
respective partners, directors, officers, shareholders, members, managers, employees or agents and the applicable Non-Serviced
Trust (collectively, the “Non-Serviced Indemnified Parties”), shall be indemnified by the Trust and held harmless
against the Trust’s pro rata share (subject to the applicable Non-Serviced Intercreditor Agreement) of any and all
claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments, and any other costs, liabilities, fees
and expenses incurred in connection with the servicing and administration of a Non-Serviced Mortgage Loan and the related Non-Serviced
Mortgaged Property (or with respect to the Non-Serviced Operating Advisor and/or Non-Serviced Asset Representations Reviewer, incurred
in connection with the provision of services for such Non-Serviced Mortgage Loan) under the applicable Non-Serviced PSA (as and
to the same extent the applicable Non-Serviced Trust is required to indemnify such parties in respect of other mortgage loans in
the applicable Non-Serviced Trust pursuant to the terms of the related Non-Serviced PSA and, in the case of the applicable Non-Serviced
Trust, to the extent of any additional trust fund expenses with respect to the related Non-Serviced Whole Loan under the related
Non-Serviced PSA).

 

The indemnification provided
herein shall survive the termination of this Agreement and the termination or resignation of the Master Servicer (including in
its capacity as Companion Paying Agent), the Special Servicer, the Trustee, the Certificate Administrator or the Operating Advisor.

 

Section 6.05      
Depositor, Master Servicer and Special Servicer Not to Resign. Subject to the provisions of Section 6.03,
neither the Master Servicer nor the Special Servicer shall resign from their respective obligations and duties hereby imposed on
each of them except (a) upon determination that such party’s duties hereunder are no longer permissible under applicable
law, or (b) in the case of the Master Servicer or the Special Servicer, upon the appointment of, and the acceptance of such
appointment by, a successor master servicer or special servicer, as applicable, and receipt by the Certificate Administrator and
the Trustee of Rating Agency Confirmation from each Rating Agency and a confirmation of any applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any class of Serviced Companion
Loan Securities (if any) (provided that such rating agency confirmation may be considered satisfied in the same manner as
any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25).
Any such determination permitting the resignation of the Master Servicer or the Special Servicer pursuant to clause (a)
above shall be evidenced by an Opinion of Counsel (at the expense of the resigning party) to such effect delivered to the Trustee
and (prior to the occurrence of a Consultation Termination Event) the Directing Certificateholder. No such resignation by the Master
Servicer or the Special Servicer shall become effective until the Trustee or a successor master servicer or successor special servicer,
as applicable, shall have assumed the Master Servicer’s or Special Servicer’s, as applicable, responsibilities and
obligations in accordance with Section 7.02 and no such resignation by the Master Servicer or the Special Servicer
shall become effective until the Certificate Administrator shall have filed any required Form 8-K pursuant to Section 11.07
hereof and any other Form 8-K filings have been completed with respect to any related Companion Loan. Upon any termination (as
described in Section 7.01(c)) or resignation of the Master Servicer or the Special Servicer,

 

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pursuant to this Section 6.05,
the Master Servicer or the Special Servicer, as applicable, shall have the right and opportunity to appoint any successor master
servicer or special servicer with respect to this Section 6.05; provided that, such successor master servicer
or special servicer shall not be the Asset Representations Reviewer, the Operating Advisor or one of their respective Affiliates
and (prior to the occurrence and continuance of a Control Termination Event) such successor special servicer is approved by the
Directing Certificateholder, such approval not to be unreasonably withheld. The resigning party shall pay all costs and expenses
(including costs and expenses incurred by the Trustee and the Certificate Administrator) associated with a transfer of its duties
pursuant to this Section 6.05. Except as provided in Section 7.01(c), in no event shall the Master Servicer
or the Special Servicer have the right to appoint any successor master servicer or special servicer if such Master Servicer or
Special Servicer, as applicable, is terminated or removed pursuant to Section 7.01.

 

Section 6.06      
Rights of the Depositor in Respect of the Master Servicer and the Special Servicer. The Depositor may, but is not
obligated to, enforce the obligations of the Master Servicer and the Special Servicer hereunder and may, but is not obligated to,
perform, or cause a designee to perform, any defaulted obligation of the Master Servicer and the Special Servicer hereunder or
exercise the rights of the Master Servicer or Special Servicer, as applicable, hereunder; provided, however, that
the Master Servicer and the Special Servicer shall not be relieved of any of their respective obligations hereunder by virtue of
such performance by the Depositor or its designee. The Depositor shall not have any responsibility or liability for any action
or failure to act by the Master Servicer or the Special Servicer and is not obligated to supervise the performance of the Trustee,
the Master Servicer, the Operating Advisor or the Special Servicer under this Agreement or otherwise.

 

Section 6.07      
The Master Servicer and the Special Servicer as Certificate Owner. The Master Servicer, the Special Servicer or any
Affiliate thereof may become the Holder of (or, in the case of a Book-Entry Certificate, Certificate Owner with respect to) any
Certificate with (except as otherwise set forth in the definition of “Certificateholder”) the same rights it
would have if it were not the Master Servicer, the Special Servicer or an Affiliate thereof.

 

Section 6.08      
The Directing Certificateholder and the Risk Retention Consultation Parties. (a) Other than with respect to
any Serviced AB Whole Loan for which the related holder of an AB Subordinate Companion Loan is not subject to an AB Control Appraisal
Period, for so long as no Control Termination Event has occurred and is continuing, the Directing Certificateholder shall be entitled
to advise (1) the Special Servicer with respect to all Major Decisions for Specially Serviced Loans (other than any Excluded
Loan or Servicing Shift Mortgage Loan) and (2) the Special Servicer with respect to all Non-Specially Serviced Loans (other
than any Excluded Loan or Servicing Shift Mortgage Loan), as to all Major Decisions for all Mortgage Loans that are not Specially
Serviced Loans (other than any Excluded Loan) and notwithstanding anything herein to the contrary, except as set forth in, and
in any event subject to this Section 6.08, for so long as no Control Termination Event has occurred and is continuing
(such limitation not to be applicable to a Loan-Specific Directing Certificateholder), the Master Servicer and the Special Servicer
shall not be permitted to take (A) with respect to any Serviced AB Whole Loan, prior to the occurrence and continuance of an AB
Control Appraisal Period, any “major decision” (as defined in the related Intercreditor Agreement) unless the consent
of the related AB Whole Loan Controlling Holder has been obtained by the Special Servicer or (B) any

 

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of the following actions (each,
a “Major Decision”) as to which the Directing Certificateholder has objected in writing within ten (10) Business
Days (or if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business Days) after the Directing
Certificateholder’s receipt of a written report by the Special Servicer describing in reasonable detail (I) the background
and circumstances requiring action of the Special Servicer, (II) a proposed course of action recommended and (III) all information
reasonably requested by the Directing Certificateholder, and in the Special Servicer’s possession in order to grant or withhold
such consent, which report may (in the sole discretion of the Special Servicer) take the form of an Asset Status Report (the “Major
Decision Reporting Package”) (provided that if such written objection has not been received by the Special Servicer
within such ten (10) Business Day period, then the Directing Certificateholder will be deemed to have approved such action):

 

(i)            
any proposed or actual foreclosure upon or comparable conversion (which may include acquisition of an REO Property) of the
ownership of properties securing such of the Mortgage Loans (other than any Non-Serviced Mortgage Loan) or Serviced Whole Loans
as come into and continue in default;

 

(ii)            any modification, consent to a modification or waiver of any monetary term (other than late fees and default interest) or
material non-monetary term (including, without limitation, the timing of payments, acceptance of discounted payoffs) of a Mortgage
Loan (other than any Non-Serviced Mortgage Loan) or Serviced Whole Loan or any extension of the maturity date of such Mortgage
Loan other than in connection with a maturity default if a refinancing or sale is expected within 120 days as provided in clause
(xiii) of the definition of Master Servicer Decision;

 

(iii)           any sale of a Defaulted Loan (that is not a Non-Serviced Mortgage Loan) or REO Property (other than in connection with the
termination of the Trust pursuant to Article IX hereof) or a Defaulted Loan that is a Non-Serviced Mortgage Loan that the
special servicer is permitted to sell in accordance with the PSA, in each case for less than the applicable Purchase Price;

 

(iv)           any determination to bring a Mortgaged Property or an REO Property into compliance with applicable environmental laws or
to otherwise address hazardous material located at a Mortgaged Property or an REO Property;

 

(v)            any release of material collateral or any acceptance of substitute or additional collateral for a Mortgage Loan (other than
any Non-Serviced Mortgage Loan) or Serviced Whole Loan or any consent to either of the foregoing, other than if required pursuant
to the specific terms of the related Mortgage Loan documents and there is no lender discretion;

 

(vi)           any waiver of a “due-on-sale” or “due-on-encumbrance” clause with respect to a Mortgage Loan (other
than any Non-Serviced Mortgage Loan) or a Serviced Whole Loan or any consent to such a waiver or consent to a transfer of the Mortgaged
Property or interests in the borrower or consent to the incurrence of additional debt, other than any such transfer or incurrence
of debt as may be effected without the consent of the

 

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lender under the related loan agreement as described under clause (xiv) of
the definition of “Master Servicer Decision”;

 

(vii)          consent to actions and releases related to condemnation of any material parcels of a Mortgaged Property or of any material
income producing parcel or any condemnation that materially affects the use or value of the related Mortgaged Property or the ability
of the related Mortgagor to pay amounts due in respect of the related Mortgage Loan or Companion Loan when due;

 

(viii)         any determination of an Acceptable Insurance Default;

 

(ix)            (1) any property management company changes with respect to a Mortgage Loan or Serviced Whole Loan (A)(x) with a principal
balance greater than $25,000,000 or (y) for which the debt service coverage ratio and debt yield (in each case calculated based
on the trailing 12 month financial statements for the related quarterly reporting period) for such Mortgage Loan (or Whole Loan,
if applicable) is less than the greater of (X) the debt service coverage ratio and debt yield for such Mortgage Loan as of the
origination date of such Mortgage Loan and (Y) if the DSCR/DY Trigger has occurred, the debt service coverage ratio and debt yield
for such Mortgage Loan as of the most recent quarterly reporting period calculated based on the trailing 12 month financial statements
for such quarterly reporting period; provided that if the related borrower is delinquent in providing any financial statements,
then the test provided for in this clause (y) shall be deemed to have failed and related property management company changes shall
be deemed to be a “Major Decision” until such financial statements are provided; or (B) where the property management
company will be an affiliate of the related borrower following such change or (2) franchise changes (with respect to a Mortgage
Loan (other than any Non-Serviced Mortgage Loan) or Serviced Whole Loan, in each case, for which the lender is required to consent
or approve under the Mortgage Loan documents);

 

(x)            
any requests for the funding or disbursement of amounts from any escrow accounts, reserve funds or letters of credit held
as “performance”, “earn-out”, “holdback” or similar escrows or reserves, including the funding
or disbursement of any such amounts with respect to any Mortgage Loan, but excluding, as to any Mortgage Loan that is not a Specially
Serviced Loan, any Routine Disbursements); provided, however, that in the case of any Mortgage Loan whose escrows,
reserves, holdbacks and related letters of credit exceed, in the aggregate, at the related origination date, 10% of the initial
principal balance of such Mortgage Loan (which Mortgage Loans will be identified on Schedule 3 hereto), no such funding or disbursement
of such escrows, reserves, holdbacks or letters of credit shall be deemed to constitute a Routine Disbursement, and shall instead
constitute Major Decisions, except for the routine funding of tax payments and insurance premiums when due and payable (provided
that the Mortgage Loan is not a Specially Serviced Loan);

 

(xi)            any acceptance of an assumption agreement or any other agreement permitting a transfer of interests in a borrower or guarantor
releasing a borrower or guarantor from liability under a Mortgage Loan (other than any Non-Serviced Mortgage

 

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Loan) or Serviced
Whole Loan other than pursuant to the specific terms of such Mortgage Loan or Serviced Whole Loan and for which there is no lender
discretion;

 

(xii)           any exercise of a material remedy with respect to a Mortgage Loan (other than any Non-Serviced Mortgage Loan) or a Serviced
Whole Loan following a default or event of default under the related Mortgage Loan or Serviced Whole Loan documents;

 

(xiii)          any modification, amendment, consent to a modification or waiver of any term of any Intercreditor Agreement, co-lender or
similar agreement or any action to enforce rights with respect to the Mortgage Loan thereunder (other than with respect to any
Excluded Loan and other than with respect to an amendment splitting any Pari Passu Companion Loan or any Subordinate Companion
Loan), to the extent the Directing Certificateholder or the holder of the majority of the Controlling Class or any affiliate thereof
does not own any controlling interest (whether legally, beneficially or otherwise) in the related mezzanine loan, except that if
any such modification or amendment would adversely impact the master servicer or special servicer, such modification or amendment
will additionally require the consent of the master servicer or special servicer, as applicable, as a condition to its effectiveness;

 

(xiv)          agreeing to any modification, waiver, consent or amendment of the related Mortgage Loan or Serviced Whole Loan in connection
with a defeasance if such proposed modification, waiver, consent or amendment is with respect to (A) a modification of the type
of defeasance collateral required under the Mortgage Loan or Serviced Whole Loan documents such that defeasance collateral other
than direct, non-callable obligations of the United States would be permitted or (B) a modification that would permit a principal
prepayment instead of defeasance if the applicable loan documents do not otherwise permit such principal prepayment;

 

(xv)           approve or consent to grants of easements or rights of way that materially affect the use or value of a Mortgaged Property
or a borrower’s ability to make payments with respect to the related Mortgage Loan or any related Companion Loan;

 

(xvi)          determining whether to cure any default by a borrower under a ground lease or, permit any ground lease modification, amendment
or subordination, non-disturbance and attornment agreement or entry into a new ground lease and grant approvals, including granting
of subordination, non-disturbance and attornment agreements and consents involving leasing activities that involve a ground lease
and any leasing activities that affect an area greater than the lesser of (a) 30% of the net rentable area of the improvements
at the Mortgaged Property and (b) 30,000 square feet of the improvements at the Mortgaged Property);

 

(xvii)         any consent to incurrence of additional debt by a borrower or mezzanine debt by a direct or indirect parent of a borrower,
to the extent the mortgagee’s approval is required under the related Mortgage Loan documents; and

 

(xviii)       approving annual operating budgets for the related Mortgaged Property with respect to a Mortgage Loan with a debt service
coverage ratio below 1.40x (to the

 

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extent lender approval is required under the Mortgage Loan documents) that provide for (i) operating
expenses equal to more than 110% of the amount that was budgeted therefor in the prior year or (ii) payments to persons or entities
known by the Master Servicer to be affiliates of the related Mortgagor (excluding affiliated managers paid at fee rates agreed
to at the origination of the related Mortgage Loan or Whole Loan); and

 

(xix)          approving waivers regarding the receipt of financial statements other than as provided in clause (ii) of the definition
of “Master Servicer Decisions”;

 

provided, however, that,
in the event that the Special Servicer or the Master Servicer, as the case may be, determines that immediate action, with respect
to the foregoing matters, or any other matter requiring consent of (i) the Directing Certificateholder prior to the occurrence
and continuance of a Control Termination Event in this Agreement (or any matter requiring consultation with the Directing Certificateholder,
the Risk Retention Consultation Parties or the Operating Advisor) or (ii) with respect to the Serviced AB Whole Loan, the AB Whole
Loan Controlling Holder, prior to the occurrence and continuance of an AB Control Appraisal Period) is necessary to protect the
interests of the Certificateholders (or, with respect to any Serviced Whole Loan, the interest of the Certificateholders and the
holders of any related Serviced Companion Loan) (as a collective whole (taking into account the subordinate or pari passu
nature of any Companion Loans)), the Special Servicer or the Master Servicer, as the case may be, may take any such action without
waiting for the Directing Certificateholder’s response or the AB Whole Loan Controlling Holder’s response (or without
waiting to consult with the Directing Certificateholder, the Risk Retention Consultation Parties, the AB Whole Loan Controlling
Holder or the Operating Advisor, as the case may be); provided that the Special Servicer or the Master Servicer, as the
case may be, provides the Directing Certificateholder (or the Operating Advisor, if applicable) with prompt written notice following
such action including a reasonably detailed explanation of the basis therefor. Neither the Master Servicer nor the Special Servicer
is required to obtain the consent of the Directing Certificateholder for any of the foregoing actions or any other matter requiring
consent of the Directing Certificateholder after the occurrence and during the continuance of a Control Termination Event; provided,
however, that, after the occurrence and during the continuance of a Control Termination Event but, with respect to the Directing
Certificateholder only, prior to the occurrence of a Consultation Termination Event, the Special Servicer shall consult with the
Directing Certificateholder in connection with any Major Decision not relating to any Excluded Loan (and any other actions which
otherwise require consultation with the Directing Certificateholder prior to the occurrence and continuance of a Consultation Termination
Event hereunder) and consider alternative actions recommended by the Directing Certificateholder, in respect thereof. In the event
the Special Servicer receives no response from the Directing Certificateholder within ten (10) Business Days (or if the Directing
Certificateholder and the Special Servicer are affiliates, five (5) Business Days) following its written request for input on any
required consultation, the Special Servicer shall not be obligated to consult with the Directing Certificateholder on the specific
matter; provided, however, that the failure of the Directing Certificateholder to respond shall not relieve
the Special Servicer from consulting with the Directing Certificateholder on any future matters with respect to the applicable
Mortgage Loan (other than a Non-Serviced Mortgage Loan or an Excluded Loan) or Serviced Whole Loan. Prior to an Operating Advisor
Consultation Event (whether or not a Control Termination Event is continuing) the Special Servicer shall provide each Major Decision
Reporting Package to the Operating Advisor promptly after the Special

 

 

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Servicer receives the Directing Certificateholder’s
approval or deemed approval of such Major Decision Reporting Package (each such approved (or deemed approved) Major Decision Reporting
Package, a “Final Major Decision Reporting Package”) and, after the occurrence and during the continuance of
an Operating Advisor Consultation Event (whether or not a Control Termination Event is continuing), the Special Servicer will be
required to provide each Major Decision Reporting Package to the Operating Advisor simultaneously with the Special Servicer’s
written request for the Operating Advisor’s input regarding the Major Decision Reporting Package; provided, however,
that with respect to any Non-Specially Serviced Loan no Major Decision Reporting Package shall be required to be delivered prior
to the occurrence and continuance of an Operating Advisor Consultation Event. With respect to any particular Major Decision and
related Major Decision Reporting Package and any Asset Status Report, the Special Servicer shall make available to the Operating
Advisor a Servicing Officer with relevant knowledge regarding any Mortgage Loan and such Major Decision and/or Asset Status Report
in order to address reasonable questions that the Operating Advisor may have relating to, among other things, such Major Decision
and/or Asset Status Report. In addition, if an Operating Advisor Consultation Event has occurred and is continuing, the Special
Servicer shall also consult with the Operating Advisor (in person or remotely via electronic, telephonic or other mutually agreeable
communication) in connection with any proposed Major Decision processed by the Special Servicer, and for which a Major Decision
Reporting Package has been delivered to the Operating Advisor, provided that such consultation is on a non-binding basis.
In the event that the Special Servicer receives no response from the Operating Advisor within ten (10) Business Days following
the later of (i) its written request for input on any required consultation (which request is required to include the related
Major Decision Reporting Package) and (ii) delivery of all such additional information reasonably requested by the Operating
Advisor related to the subject matter of such consultation, the Special Servicer shall not be obligated to consult with the Operating
Advisor on the specific matter; provided, however, that the failure of the Operating Advisor to respond on any specific
matters shall not relieve the Special Servicer from its obligation to consult with the Operating Advisor on any future matter with
respect to the applicable Mortgage Loan or any other Mortgage Loan. Notwithstanding anything herein to the contrary, with respect
to any Excluded Loan (regardless of whether an Operating Advisor Consultation Event has occurred and is continuing), the Special
Servicer shall consult with the Operating Advisor, on a non-binding basis, in connection with the related transactions involving
proposed Major Decisions that it is processing or for which its consent is required and consider alternative actions recommended
by the Operating Advisor, in respect thereof, in accordance with the procedures set forth in this Section 6.08 for
consulting with the Operating Advisor.

 

In addition, (i) for
so long as no Consultation Termination Event is continuing, with respect to any Specially Serviced Loan (other than any applicable
Excluded Loan with respect to a Risk Retention Consultation Party), and (ii) during the continuance of a Consultation Termination
Event, with respect to any Serviced Mortgage Loan (other than any applicable Excluded Loan with respect to a Risk Retention Consultation
Party), upon request of a Risk Retention Consultation Party, the Special Servicer shall consult with such Risk Retention Consultation
Party on a non-binding basis in connection with any Major Decision that it is processing (and such other matters that are subject
to the non-binding consultation rights of such Risk Retention Consultation Party pursuant to this Agreement) and to consider alternative
actions recommended by such Risk Retention Consultation Party in respect of such Major Decision (or any other matter requiring
consultation with such Risk Retention Consultation

 

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Party); provided that in the event the Special Servicer receives no response
from a Risk Retention Consultation Party within 10 days following the later of (i) the Special Servicer’s written request
for input on any requested consultation and (ii) delivery of all such additional information in the possession of the Master Servicer
or the Special Servicer, as applicable, reasonably requested by such Risk Retention Consultation Party related to the subject matter
of such consultation, the Special Servicer shall not be obligated to consult with such Risk Retention Consultation Party on the
specific matter; provided, however, that the failure of a Risk Retention Consultation Party to respond will not relieve
the Special Servicer from using reasonable efforts to consult with such Risk Retention Consultation Party on any future matters
with respect to the applicable Mortgage Loan or Serviced Whole Loan or any other Mortgage Loan. For the avoidance of doubt, (x)
no Risk Retention Consultation Party shall have any consultation rights with respect to any related Excluded Loan and (y) any consultation
with a Risk Retention Consultation Party under this Agreement shall occur only upon request of such Risk Retention Consultation
Party, and any such consultation shall be on a strictly non-binding basis and shall be subject to all limitations with respect
to the procedures and timing for such consultation set forth in this Section 6.08(a).

 

No Risk Retention Consultation
Party acting in its capacity as Risk Retention Consultation Party shall have any liability to the Trust Fund, any party to this
Agreement, any Certificateholders or any other Person for any action taken, or for refraining from the taking of any action, or
for errors in judgment.

 

Subject to the terms
and conditions of this Section 6.08(a), the Special Servicer shall process all requests for any matter that constitutes
a “Major Decision” with respect to all Mortgage Loans (other than any Non-Serviced Mortgage Loan) unless the Master
Servicer and the Special Servicer mutually agree that the Master Servicer will process such request with respect to a Mortgage
Loan that is not a Specially Serviced Loan in accordance with terms and conditions reasonably agreed to by the Master Servicer
and Special Servicer, including the Special Servicer’s consent or deemed consent as set forth in this Section 6.08
and the Directing Certificateholder’s consent or deemed consent as set forth in this Section 6.08.

 

Notwithstanding anything
herein to the contrary, with respect to any Servicing Shift Mortgage Loan, the related Loan-Specific Directing Certificateholder
shall, pursuant to the related Intercreditor Agreement, exercise any consent and consultation rights, and rights to provide direction
to the Master Servicer or Special Servicer, of the “Directing Certificateholder” with respect to such Mortgage Loan
as provided for in this Agreement until the Servicing Shift Securitization Date.

 

Upon receiving a request
for any matter that constitutes a Major Decision with respect to a Mortgage Loan (other than any Non-Serviced Mortgage Loan) and
any Serviced Companion Loan that is not a Specially Serviced Loan, the Master Servicer shall promptly forward such request to the
Special Servicer and the Special Servicer shall process such request (including, without limitation, interfacing with the Mortgagor)
and except as provided in the next sentence, the Master Servicer shall have no further obligation with respect to such request
or the Major Decision. With respect to such request, the Master Servicer shall continue to cooperate with the Special Servicer
by delivering any additional information in the Master Servicer’s possession to the Special Servicer requested by the Special
Servicer relating to such Major

 

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Decision, and, to the extent mutually agreed by the Master Servicer and the Special Servicer, any
reasonably requested analysis relating to such Major Decision. Notwithstanding the foregoing, if the Master Servicer and the Special
Servicer mutually agree in accordance with the Servicing Standard that the processing of such a Major Decision by the Master Servicer
would be more efficient by virtue of the fact that the Master Servicer is handling or is expected to handle other major decisions
(which may include Major Decisions in this transaction) or other borrower requests under comparable circumstances, then the Master
Servicer may process such Major Decision (including interfacing with the borrower and providing a written recommendation and analysis
to the Special Servicer) with respect to a Mortgage Loan (other than any Non-Serviced Mortgage Loan) and any Serviced Companion
Loan that is not a Specially Serviced Loan in accordance with terms and conditions reasonably agreed to by the Master Servicer
and Special Servicer, including the Special Servicer’s consent and the Directing Certificateholder’s consent (both
of which will be deemed given if no response is received within the later of (i) ten (10) Business Days (or with respect to
the Directing Certificateholder, if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business
Days) after the Special Servicer’s receipt of the Master Servicer written recommendation and analysis and (ii) delivery of
any additional information in the possession of the Master Servicer reasonably requested in order to grant or withhold such consent).

 

In addition, with respect
to any Mortgage Loan other than an Excluded Loan, for so long as no Control Termination Event has occurred and is continuing, the
Directing Certificateholder subject to any rights, if any, of the related Companion Holder to advise the Special Servicer with
respect to the related Serviced Whole Loan, pursuant to the terms of the related Intercreditor Agreement, may direct the Special
Servicer to take, or to refrain from taking, such other actions with respect to a Mortgage Loan, as the Directing Certificateholder
may deem advisable or as to which provision is otherwise made herein; provided that notwithstanding anything herein to the
contrary, no such direction or objection contemplated by the first paragraph of this Section 6.08(a) or this paragraph,
may require or cause the Master Servicer or Special Servicer to violate any provision of any Mortgage Loan or related Intercreditor
Agreement or mezzanine intercreditor agreement, applicable law, this Agreement, or the REMIC Provisions (and, with respect to a
Serviced Whole Loan, subject to the rights of the holders of the related Companion Loan), including without limitation the obligation
of the Master Servicer and the Special Servicer to act in accordance with the Servicing Standard, or expose the Master Servicer,
the Special Servicer, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, the Trust or the
Trustee to liability, or materially expand the scope of the responsibilities of the Master Servicer or the Special Servicer, as
applicable, hereunder or cause the Master Servicer or the Special Servicer, as applicable, to act, or fail to act, in a manner
which in the reasonable judgment of the Master Servicer or the Special Servicer, as applicable, is not in the best interests of
the Certificateholders.

 

In the event the Special
Servicer or Master Servicer, as applicable, determines that a refusal to consent by the Directing Certificateholder (or the AB
Whole Loan Controlling Holder, as applicable) or any advice from the Directing Certificateholder or the Risk Retention Consultation
Parties (or the AB Whole Loan Controlling Holder, as applicable), would cause the Special Servicer or Master Servicer, as applicable,
to violate the terms of any Mortgage Loan, applicable law or this Agreement, including without limitation, the Servicing Standard,
the Special Servicer or Master Servicer, as applicable, shall disregard such refusal to consent or

 

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advise and notify the Directing
Certificateholder or the Risk Retention Consultation Parties (or the AB Whole Loan Controlling Holder, as applicable), the Trustee
and the Rating Agencies of its determination, including a reasonably detailed explanation of the basis therefor. The taking of,
or refraining from taking, any action by the Master Servicer or Special Servicer in accordance with the direction of or approval
of the Directing Certificateholder or a Risk Retention Consultation Party (or the AB Whole Loan Controlling Holder, as applicable)
that does not violate the terms of any Mortgage Loan, applicable law or the Servicing Standard or any other provisions of this
Agreement, will not result in any liability on the part of the Master Servicer or the Special Servicer.

 

In addition, with respect
to any matter for which the consent of the Directing Certificateholder is required or for which the Directing Certificateholder
has the right to direct the Master Servicer or the Special Servicer, to the extent no specific time period for deemed consent is
expressly stated, in the event no response from the Directing Certificateholder is received within 10 Business Days following written
request for input and all reasonably requested information on any required consent or direction, the Directing Certificateholder
shall be deemed to have consented or approved on the specific matter; provided, however, that the failure of the
Directing Certificateholder to respond will not affect any future matters with respect to the applicable Mortgage Loan or Serviced
Whole Loan or any other Mortgage Loan.

 

The Directing Certificateholder
shall have no liability to the Trust or the Certificateholders for any action taken, or for refraining from the taking of any action,
or for errors in judgment; provided, however, that the Directing Certificateholder shall not be protected against
any liability to a Controlling Class Certificateholder that would otherwise be imposed by reason of willful misconduct, bad faith
or negligence in the performance of duties owed to the Controlling Class Certificateholders or by reason of reckless disregard
of obligations or duties owed to the Controlling Class Certificateholders. By its acceptance of a Certificate, each Certificateholder
acknowledges and agrees that the Directing Certificateholder may take actions that favor the interests of one or more Classes of
the Certificates including the Holders of the Controlling Class over other Classes of the Certificates, and that the Directing
Certificateholder may have special relationships and interests that conflict with those of Holders of some Classes of the Certificates,
that the Directing Certificateholder may act solely in the interests of the Holders of the Controlling Class, including the Holders
of the Controlling Class, that the Directing Certificateholder does not have any duties or liability to the Holders of any Class
of Certificates other than the Controlling Class, that the Directing Certificateholder shall not be liable to any Certificateholder,
by reason of its having acted solely in the interests of the Holders of the Controlling Class, and that the Directing Certificateholder
shall have no liability whatsoever for having so acted, and no Certificateholder may take any action whatsoever against the Directing
Certificateholder or any director, officer, employee, agent or principal thereof for having so acted.

 

Any Non-Serviced Whole
Loan Controlling Holder, with respect to a Non-Serviced Whole Loan, shall have no liability to the Trust or the Certificateholders
for any action taken, or for refraining from the taking of any action, or for errors in judgment. By its acceptance of a Certificate,
each Certificateholder acknowledges and agrees that any such Non-Serviced Whole Loan Controlling Holder, with respect to the related
Non-Serviced Whole Loan, may take actions that favor the interests of one or more classes of the certificates issued under

 

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the
related Non-Serviced PSA including the Holders of the controlling class under such Non-Serviced PSA over other Classes of the Certificates,
and that such Non-Serviced Whole Loan Controlling Holder, with respect to such Non-Serviced Whole Loan, may have special relationships
and interests that conflict with those of Holders of some Classes of the Certificates, that such Non-Serviced Whole Loan Controlling
Holder, with respect to such Non-Serviced Whole Loan, may act solely in the interests of the Holders of the controlling class under
the related Non-Serviced PSA, that such Non-Serviced Whole Loan Controlling Holder, shall not be liable to any Certificateholder,
by reason of its having acted solely in the interests of the Holders of the controlling class under the related Non-Serviced PSA,
and that such Non-Serviced Whole Loan Controlling Holder, with respect to such Non-Serviced Whole Loan, shall have no liability
whatsoever for having so acted, and no Certificateholder may take any action whatsoever against such Non-Serviced Whole Loan Controlling
Holder, with respect to such Non-Serviced Whole Loan, or any director, officer, employee, agent or principal thereof for having
so acted.

 

(b)           
Notwithstanding anything to the contrary contained herein (i) after the occurrence and during the continuance of a
Control Termination Event (and at any time with respect to any Non-Serviced Mortgage Loan and any Excluded Loan and, prior to the
occurrence and continuance of an AB Control Appraisal Period, the Serviced AB Whole Loan), the Directing Certificateholder shall
have no right to consent to or direct any action taken or not taken by any party to this Agreement; (ii) after the occurrence
and during the continuance of a Control Termination Event but prior to the occurrence of a Consultation Termination Event, the
Directing Certificateholder shall remain entitled to receive any notices, reports or information to which it is entitled pursuant
to this Agreement, and the Master Servicer, Special Servicer and any other applicable party shall consult with the Directing Certificateholder
(other than with respect to any Non-Serviced Mortgage Loan and any Excluded Loan) in connection with any action to be taken or
refrained from taking to the extent set forth herein; and (iii) after the occurrence of a Consultation Termination Event (and
at any time with respect to any Non-Serviced Mortgage Loan and any Excluded Loan), the Directing Certificateholder shall have no
direction, consultation or consent rights hereunder and no right to receive any notices, reports or information (other than notices,
reports or information required to be delivered to all Certificateholders) or any other rights as Directing Certificateholder.

 

(c)            
DBNY shall be the initial VRR-A Risk Retention Consultation Party and 225 Bush Risk Retention Consultation Party, JPMCB
shall be the initial VRR-B Risk Retention Consultation Party, and CREFI shall be the initial VRR-C Risk Retention Consultation
Party, and each shall remain so until a successor is appointed pursuant to the terms of this Agreement. Upon the resignation or
removal of an existing Risk Retention Consultation Party, any successor Risk Retention Consultation Party shall deliver to the
parties to this Agreement a certification substantially in the form of Exhibit P-1H to this Agreement prior to being recognized
as the new Risk Retention Consultation Party. The parties hereto shall be entitled to assume that the Risk Retention Consultation
Party has not changed absent such notice.

 

(d)           
Once a Risk Retention Consultation Party has been selected, each of the Master Servicer, the Special Servicer, the Depositor,
the Trustee, the Certificate Administrator, the Operating Advisor and each other Certificateholder (or Certificate Owner, if applicable)
shall be entitled to rely on such selection unless DBNY (in the case of the VRR-A Risk Retention Consultation Party and the 225
Bush Risk Retention Consultation Party), JPMCB (in the case of

 

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the VRR-B Risk Retention Consultation Party) or CREFI (in the case
of the VRR-C Risk Retention Consultation Party), as applicable, have notified the Master Servicer, the Special Servicer, the Trustee,
the Certificate Administrator, the Operating Advisor and each other Holder of the VRR Interest, in writing, of the selection of
such new Risk Retention Consultation Party (including the new contact information).

 

(e)            Each Certificateholder acknowledges and agrees, by its acceptance of its Certificates, that: (i) a Risk Retention Consultation
Party may have special relationships and interests that conflict with those of Holders of one or more Classes of Certificates;
(ii) a Risk Retention Consultation Party may act solely in the interests of the Holders of the Class VRR Interest or 225B-VRR Interest
Certificate, as applicable); (iii) a Risk Retention Consultation Party does not have any liability or duties to the Holders of
any Class of Certificates; (iv) a Risk Retention Consultation Party may take actions that favor interests of the Holders of one
or more Classes including the Class VRR Interest or 225B-VRR Interest Certificates over the interests of the Holders of one or
more other Classes of Certificates; and (v) a Risk Retention Consultation Party shall have no liability whatsoever for having so
acted as set forth in clauses (i) through (iv) above, and no Certificateholder may take any action whatsoever against
any Risk Retention Consultation Party or any director, officer, employee, agent or principal of such Risk Retention Consultation
Party for having so acted.

 

[End of Article VI]

 

Article VII

SERVICER TERMINATION EVENTS

 

Section 7.01      
Servicer Termination Events; Master Servicer and Special Servicer Termination.  “Servicer Termination Event,” wherever used herein, means, with respect to the Master Servicer or the
Special Servicer, as the case may be, any one of the following events:

 

(i)            
(A) any failure by the Master Servicer to make any deposit required to be made by the Master Servicer to the Collection
Account, or remit to the Companion Paying Agent for deposit into the related Companion Distribution Account, on the day and by
the time such deposit or remittance is first required to be made under the terms of this Agreement, which failure is not remedied
within one (1) Business Day or (B) any failure by the Master Servicer to deposit into, or remit to the Certificate Administrator
for deposit into, any Distribution Account any amount required to be so deposited or remitted, which failure is not remedied by
11:00 a.m. (New York City time) on the relevant Distribution Date; or

 

(ii)            any failure by the Special Servicer to deposit into the REO Account, within one (1) Business Day after such deposit is required
to be made or to remit to the Master Servicer for deposit into the Collection Account or any other required account hereunder,
any amount required to be so deposited or remitted by the Special Servicer pursuant to, and at the time specified by, the terms
of this Agreement; or

 

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(iii)            any failure on the part of the Master Servicer or the Special Servicer duly to observe or perform in any material respect
any of its other covenants or obligations contained in this Agreement which continues unremedied for a period of thirty (30) days
(or (A) with respect to any year that a report on Form 10-K is required to be filed, five (5) Business Days in the case
of the Master Servicer’s or Special Servicer’s obligations, as applicable, contemplated by Article XI,
(B) fifteen (15) days in the case of the Master Servicer’s failure to make a Servicing Advance or (C) fifteen (15) days
in the case of a failure to pay the premium for any property 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 (A) to the Master Servicer or the
Special Servicer, as the case may be, by any other party hereto, or (B) to the Master Servicer or the Special Servicer, as
the case may be, with a copy to each other party to this Agreement, by the Holders of Certificates evidencing Percentage Interests
aggregating not less than 25% of all Voting Rights or, solely as it relates to the servicing of a Serviced Whole Loan, if affected
by that failure, by the holder of the related Serviced Pari Passu Companion Loan or, solely as it related to the servicing of Trust
Subordinate Companion Loan if affected by such failure, the Holders of not less than 25% of the Certificate Balance of each affected
Class of the Loan-Specific Certificates (as holders of a beneficial interest in the Trust Subordinate Companion Loan); provided,
however, if such failure is capable of being cured and the Master Servicer or the Special Servicer, as applicable, is diligently
pursuing such cure, such period will be extended an additional thirty (30) days; provided, further, however,
that such extended period will not apply to the obligations regarding Exchange Act reporting; or

 

(iv)           any breach on the part of the Master Servicer or the Special Servicer of any representation or warranty contained in Section 6.01(a)
and Section 6.01(b), as applicable, which materially and adversely affects the interests of any Class of Certificateholders
or Companion Holders (excluding the holder of any Non-Serviced Companion Loan) and which continues unremedied for a period of thirty
(30) days after the date on which notice of such breach, requiring the same to be remedied, shall have been given to the Master
Servicer or the Special Servicer, as the case may be, by the Depositor, the Certificate Administrator or the Trustee, or to the
Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator and the Trustee by the Holders of Certificates
evidencing Percentage Interests aggregating not less than 25% of Voting Rights or, as it relates to the servicing of a Serviced
Whole Loan affected by such breach, by the holder of the related Serviced Pari Passu Companion Loan or, solely as it relates to
the servicing of Trust Subordinate Companion Loan if affected by such failure, the Holders of not less than 25% of the Certificate
Balance of each affected Class of the Loan-Specific Certificates (as holders of a beneficial interest in the Trust Subordinate
Companion Loan); provided, however, that if such breach is capable of being cured and the Master Servicer or the
Special Servicer, as applicable, is diligently pursuing such cure, such 30-day period will be extended an additional thirty (30)
days; or

 

(v)            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

 

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of debt, marshaling of assets and liabilities
or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Master Servicer
or the Special Servicer and such decree or order shall have remained in force undischarged, undismissed or unstayed for a period
of sixty (60) days; or

 

(vi)           the Master Servicer or the Special Servicer shall consent to the appointment of a conservator, receiver, liquidator, trustee
or similar official in any bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings
of or relating to the Master Servicer or the Special Servicer or of or relating to all or substantially all of its property; or

 

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

 

(viii)         the Master Servicer or the Special Servicer is removed from S&P’s Select Servicer List as a U.S. Commercial Mortgage
Master Servicer or a U.S. Commercial Mortgage Special Servicer, as applicable, and is not restored to such status on such list
within sixty (60) days; or

 

(ix)            KBRA has (A) qualified, downgraded or withdrawn its rating or ratings of one or more Classes of Certificates, or (B) placed
one or more Classes of Certificates on “watch status” in contemplation of a rating downgrade or withdrawal (and such
qualification, downgrade, withdrawal or “watch status” placement shall not have been withdrawn within sixty (60) days
of such event) and, in the case of either of clauses (A) or (B), publicly citing servicing concerns with the Master
Servicer or Special Servicer, as applicable, as the sole or a material factor in such rating action; or

 

(x)            
the Master Servicer or Special Servicer is no longer rated at least “CMS3” or “CSS3”, respectively,
by Fitch and such Master Servicer or Special Servicer is not reinstated to at least that rating within sixty (60) days of the delisting.

 

(b)           
If any Servicer Termination Event with respect to the Master Servicer or the Special Servicer (in either case, for purposes
of this Section 7.01(b), the “Affected Party”) shall occur and be continuing, then, and in each
and every such case, so long as such Servicer Termination Event shall not have been remedied, the Trustee or the Depositor may,
and at the written direction of ((i) prior to the occurrence and continuance of a Control Termination Event and (ii) other
than with respect to any Excluded Loan) the Directing Certificateholder (solely with respect to the Special Servicer) or the Holders
of Certificates entitled to 25% of the Voting Rights, the Trustee shall, terminate (and the Depositor may direct the Trustee to
terminate each of the Master Servicer or the Special Servicer, as applicable, upon five Business Days’ written notice if
there is a Servicer Termination Event under clause (iii)(A) above), by notice in writing to the Affected Party, with
a copy of such notice to the Depositor and the Operating Advisor , all of the rights (subject to Section 3.11 and Section 6.04)
and obligations of the Affected Party under this Agreement and in and to the Mortgage Loans and the Trust Subordinate Companion

 

     402

     

    

 

Loan and the proceeds thereof (other than as a Certificateholder or Companion Holder, if applicable); provided, however,
that the Affected Party shall be entitled to the payment of accrued and unpaid compensation and reimbursement through the date
of such termination as provided for under this Agreement for services rendered and expenses incurred. From and after the receipt
by the Affected Party of such written notice except as otherwise provided in this Article VII, all authority and power
of the Affected Party under this Agreement, whether with respect to the Certificates (other than as a Holder of any Certificate)
or the Mortgage Loans or otherwise, shall pass to and be vested in the Trustee with respect to a termination of the Master Servicer
or the Special Servicer pursuant to and under this Section 7.01, and, without limitation, the Trustee is hereby authorized
and empowered to execute and deliver, on behalf of and at the expense of the Affected Party, as attorney-in-fact or otherwise,
any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect
the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans
or the Trust Subordinate Companion Loan and related documents, or otherwise. The Master Servicer and Special Servicer each agree
that if it is terminated pursuant to this Section 7.01(b), it shall promptly (and in any event no later than twenty
(20) Business Days subsequent to its receipt of the notice of termination) provide the Trustee with all documents and records requested
by it to enable it to assume the Master Servicer’s or the Special Servicer’s, as the case may be, functions hereunder,
and shall cooperate with the Trustee in effecting the termination of the Master Servicer’s or the Special Servicer’s,
as the case may be, responsibilities and rights (subject to Section 3.11 and Section 6.04) hereunder, including,
without limitation, the transfer within five (5) Business Days to the Trustee for administration by it of all cash amounts which
shall at the time be or should have been credited by the Master Servicer to the Collection Account or any Servicing Account (if
it is the Affected Party), by the Special Servicer to the REO Account (if it is the Affected Party) or thereafter be received with
respect to the Mortgage Loans, the Trust Subordinate Companion Loan or any REO Property (provided, however, that
the Master Servicer and the Special Servicer each shall, if terminated pursuant to this Section 7.01(b) or pursuant
to Section 7.01(d) (with respect to the Special Servicer), continue to be entitled to receive all amounts accrued or
owing to it under this Agreement on or prior to the date of such termination, whether in respect of Advances (in the case of the
Special Servicer or the Master Servicer) or otherwise, and it and its Affiliates and the directors, managers, officers, members,
employees and agents of it and its Affiliates shall continue to be entitled to the benefits of Section 3.11 and Section 6.04
notwithstanding any such termination).

 

(c)            
If the Master Servicer receives notice of termination under Section 7.01(b) solely due to a Servicer Termination
Event under Section 7.01(a)(viii), Section 7.01(a)(ix) or (x), the Master Servicer shall have a
forty-five (45) day period after such notice in which to find a successor master servicer qualified to act as Master Servicer hereunder
in accordance with Section 6.03 and Section 7.02 and to which the Master Servicer can sell its rights to
service the Mortgage Loans and the Trust Subordinate Companion Loan under this Agreement. During such forty-five (45) day period
the Master Servicer may continue to serve as Master Servicer hereunder. In the event that the Master Servicer is unable, within
such forty-five (45) day period, to cause a qualified successor master servicer to assume the duties of the Master Servicer hereunder,
then and in such event, the Trustee shall assume the obligations of the Master Servicer hereunder.

     403

     

    

 

Notwithstanding
Section 7.01(b), if any Servicer Termination Event on the part of the Special Servicer shall occur and be continuing
that affects the Holder of a Serviced Pari Passu Companion Loan, then, so long as the Special Servicer is not otherwise terminated,
the Holder of such Serviced Pari Passu Companion Loan or the Other Trustee appointed under the related Other Pooling and Servicing
Agreement, as applicable, shall be entitled to direct the Trustee to terminate the Special Servicer with respect to the related
Serviced Whole Loan. Any Special Servicer appointed to replace the Special Servicer with respect to a Serviced Mortgage Loan cannot
at any time be (without the prior written consent of the holder of such Serviced Pari Passu Companion Loan) the person (or Affiliate
thereof) that was terminated at the direction of the holder of the related Serviced Pari Passu Companion Loan. Any such Special
Servicer under this paragraph shall meet the eligibility requirements of Section 7.02 and the eligibility requirements
of the related Other Pooling and Servicing Agreement, and the appointment thereof shall comply with the provisions of Section 7.02.
Any appointment of a replacement Special Servicer in accordance with this paragraph shall be subject to the receipt of Rating
Agency Confirmation and confirmation from the rating agencies that such appointment or replacement will not result in the downgrade,
withdrawal or qualification of the then-current ratings of any class of any related Serviced Companion Loan Securities (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may
be considered satisfied with respect to the Certificates pursuant to Section 3.25).

 

(d)         Subject to the rights of the AB Whole Loan Controlling Holder pursuant to the related Intercreditor Agreement and other than with
respect to any Excluded Loan, the Directing Certificateholder, at any time prior to the occurrence and continuance of a Control
Termination Event, and subject to the right of the Operating Advisor to recommend the termination of the Special Servicer and
recommend a Qualified Replacement Special Servicer and the right of the Certificateholders to approve the replacement of the Special
Servicer with such Qualified Replacement Special Servicer pursuant to this Section 7.01(d), shall be entitled to terminate
the rights (subject to Section 3.11 and Section 6.04) and obligations of the Special Servicer under this
Agreement, with or without cause, upon ten (10) Business Days’ notice to the Special Servicer, the Master Servicer, the
Certificate Administrator, the Trustee and the Operating Advisor; such termination to be effective upon the appointment of a successor
special servicer meeting the requirements of this Section 7.01(d); provided that, with respect to a Servicing
Shift Whole Loan, the ten (10) Business Days’ notice set forth in this Section 7.01(d) shall not apply to the
related Loan-Specific Directing Certificateholder’s right to terminate the Special Servicer’s rights and obligations
under this Agreement without cause with respect to such Servicing Shift Whole Loan pursuant to the terms of the related Intercreditor
Agreement. Upon a termination of such Special Servicer, the Directing Certificateholder (other than with respect to any Excluded
Loan) shall appoint a successor special servicer; provided, however, that (i) such successor will meet the
requirements set forth in Section 7.02, (ii) each Rating Agency delivers Rating Agency Confirmation and, in the
case of any class of any Serviced Companion Loan Securities the applicable rating agencies deliver a confirmation that such action
will not result in the downgrade, withdrawal or qualification of its then-current ratings (provided that such rating agency
confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with
respect to the Certificates pursuant to Section 3.25) and (iii) no replacement of the Special Servicer shall
be effective until the Certificate Administrator shall have filed any required Form 8-K pursuant to Section 11.07

 

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hereof
and any other Form 8-K filings have been completed with respect to any related Companion Loan. For the sake of clarity, the recommendation
of replacement of the Special Servicer by the Operating Advisor and the approval of the Certificateholders of such Qualified Replacement
Special Servicer shall not preclude the Directing Certificateholder from appointing a replacement special servicer, provided
that such replacement may not be the removed Special Servicer or its Affiliate.

 

After
the occurrence and during the continuance of a Control Termination Event but for so long as a 225 Bush Control Appraisal Period
is not continuing (and therefore the Directing Certificateholder for the 225 Bush Whole Loan is the 225 Bush Controlling Class
Representative), upon (a) the written direction of Holders of Principal Balance Certificates and Class VRR Interest Certificates
evidencing not less than 25% of the Pooled Voting Rights (taking into account the application of any Appraisal Reduction Amounts
to notionally reduce the Certificate Balances pursuant to Section 4.04 hereof) of the Pooled Principal Balance Certificates
and Class VRR Interest Certificates requesting a vote to replace the Special Servicer (other than with respect to the 225 Bush
Whole Loan) with a new special servicer designated in such written direction, (b) payment by such Holders to the Certificate
Administrator of the reasonable fees and out-of-pocket expenses (including any legal fees and any Rating Agency fees and expenses)
to be incurred by the Certificate Administrator in connection with administering such vote and which will not be additional expenses
of the Trust and (c) delivery by such Holders to the Certificate Administrator and Trustee of Rating Agency Confirmation
from each Rating Agency (which Rating Agency Confirmation shall be obtained at the expense of such Holders), the Certificate Administrator
shall promptly post notice to all Certificateholders of such request on the Certificate Administrator’s Website in accordance
with Section 3.13(b) and concurrently by mail conduct the solicitation of votes of all Certificates in such regard,
which requisite affirmative votes must be received within one hundred-eighty (180) days of the posting of such notice, and if
not so received, such votes shall be null and void ab initio. Upon the written direction of Holders of Pooled Certificates
evidencing at least 50% of a Pooled Quorum of Certificates, the Trustee shall terminate all of the rights and obligations of the
Special Servicer (other than with respect to the 225 Bush Whole Loan) under this Agreement and appoint the successor special servicer
(which must be a Qualified Replacement Special Servicer) designated by such Certificateholders.

 

If
at any time a Control Termination Event is continuing, and a 225 Bush Control Appraisal Period is continuing, upon (a) the
written direction of Holders of Principal Balance Certificates, Class VRR Interest Certificates and the 225B-VRR Interest evidencing
not less than 25% of the Voting Rights (taking into account the application of any Appraisal Reduction Amounts to notionally reduce
the Certificate Balances pursuant to Section 4.04 hereof) of the Principal Balance Certificates, Class VRR Interest
Certificates and the 225B-VRR Interest requesting a vote to replace the Special Servicer with respect to the 225 Bush Whole Loan
with a new special servicer designated in such written direction, (b) payment by such Holders to the Certificate Administrator
of the reasonable fees and out-of-pocket expenses (including any legal fees and any Rating Agency fees and expenses) to be incurred
by the Certificate Administrator in connection with administering such vote and which will not be additional expenses of the Trust
and (c) delivery by such Holders to the Certificate Administrator and Trustee of Rating Agency Confirmation from each Rating
Agency (which Rating Agency Confirmation shall be obtained at the expense of such Holders), the Certificate Administrator shall
promptly post notice to all

 

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Certificateholders
of such request on the Certificate Administrator’s Website in accordance with Section 3.13(b) and concurrently
by mail conduct the solicitation of votes of all Certificates in such regard, which requisite affirmative votes must be received
within one hundred-eighty (180) days of the posting of such notice, and if not so received, such votes shall be null and void
ab initio. Upon the written direction of Holders of Certificates evidencing at least 50% of a Quorum of Certificates, the
Trustee shall terminate all of the rights and obligations of the Special Servicer with respect to the 225 Bush Whole Loan under
this Agreement and appoint the successor special servicer (which must be a Qualified Replacement Special Servicer) designated
by such Certificateholders.

 

The
Certificate Administrator shall include on each Distribution Date Statement a statement that each Certificateholder may (i) access
such notices via the Certificate Administrator’s Website and (ii) register to receive electronic mail notifications
when such notices are posted thereon. Notwithstanding the foregoing, the Certificateholder’s direction to remove the Special
Servicer shall not apply to any Serviced AB Whole Loan for which it is not subject to an AB Control Appraisal Period or, in the
case of a 225 Bush Whole Loan, will not apply to a Serviced AB Whole Loan unless a 225 Bush Control Appraisal Period has occurred
and is continuing with respect to the Serviced AB Whole Loan under the related Intercreditor Agreement.

 

An
AB Whole Loan Controlling Holder shall have the right, prior to the occurrence and continuance of an AB Control Appraisal Period
or 225 Bush Control Appraisal Period, to replace the Special Servicer solely with respect to the related Serviced AB Whole Loan,
so long as (A) each Rating Agency delivers a Rating Agency Confirmation; (B) the successor special servicer has assumed
in writing (from and after the date such successor special servicer becomes the Special Servicer) all of the responsibilities,
duties and liabilities of the Special Servicer under this Agreement from and after the date it becomes the Special Servicer as
they relate to any Serviced AB Whole Loan pursuant to an assumption agreement reasonably satisfactory to the Certificate Administrator;
and (C) the Certificate Administrator shall have received an opinion of counsel reasonably satisfactory to the Certificate
Administrator to the effect that (x) the designation of such replacement to serve as Special Servicer is in compliance with
this Agreement, (y) such replacement will be bound by the terms of this Agreement with respect to any Serviced AB Whole Loan,
and (z) subject to customary qualifications and exceptions, this Agreement will be enforceable against such replacement in
accordance with the terms hereof.

 

The
parties hereto acknowledge that, notwithstanding anything to the contrary contained in this section, in accordance with the related
Intercreditor Agreement, if a servicer termination event on the part of a Non-Serviced Special Servicer remains unremedied and
affects the holder of the related Non-Serviced Mortgage Loan, and such Non-Serviced Special Servicer has not otherwise been terminated,
the holder of the related Non-Serviced Mortgage Loan (or the Trustee (or, prior to a Control Termination Event, the Trustee acting
at the direction of the Directing Certificateholder)) shall be entitled to direct the related Non-Serviced Trustee to terminate
such Non-Serviced Special Servicer solely with respect to the related Non-Serviced Whole Loan(s). The appointment (or replacement)
of a special servicer with respect to a Non-Serviced Whole Loan will in any event be subject to Rating Agency Confirmation from
each Rating Agency. A replacement special servicer will be selected by the related Non-Serviced

 

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Trustee
or, prior to a control termination event (or similarly defined term) under the related Non-Serviced PSA, by the related Non-Serviced
Whole Loan Controlling Holder; provided, however, that any successor special servicer appointed to replace the special
servicer with respect to such Non-Serviced Whole Loan cannot at any time be the Person (or an Affiliate thereof) that was terminated
at the direction of the holder of such Non-Serviced Mortgage Loan, without the prior written consent of the Directing Certificateholder.

 

If
at any time the Operating Advisor determines, in its sole discretion exercised in good faith, that (i) the Special Servicer
is not performing its duties as required hereunder or is otherwise not acting in accordance with the Servicing Standard, and (ii) the
replacement of the Special Servicer would be in the best interest of the Certificateholders as a collective whole, the Operating
Advisor shall deliver to the Trustee and the Certificate Administrator, with a copy to the Special Servicer, a written report
in the form of Exhibit W attached hereto (which form may be modified or supplemented from time to time to cure any
ambiguity or error or to incorporate any additional information, subject to compliance of such form with the terms and provisions
of this Agreement; provided, further, that in no event shall the information or any other content included in such
written recommendation contravene any provision of this Agreement) detailing the reasons supporting its recommendation (along
with relevant information justifying its recommendation) and recommending a suggested replacement special servicer, which shall
be a Qualified Replacement Special Servicer. In such event, the Certificate Administrator shall promptly post notice to all Pooled
Certificateholders of such recommendation and the related report on the Certificate Administrator’s Website in accordance
with Section 3.13(b), and concurrently by mail conduct the solicitation of votes of all Certificates in such regard,
which requisite affirmative votes must be received within one hundred-eighty (180) days of the posting of such notice, and if
not so received, such votes shall be null and void ab initio. Upon (i) the affirmative vote of Holders of Principal
Balance Certificates evidencing at least a majority of a quorum of Certificateholders (which, for this purpose, is the Holders
of Certificates that (A) evidence at least 20% of the Voting Rights (taking into account the application of any Appraisal
Reduction Amounts to notionally reduce the respective Certificate Balances) of all Principal Balance Certificates on an aggregate
basis, and (B) consist of at least three Certificateholders or Certificate Owners that are not Risk Retention Affiliated
with each other) and (ii) receipt of Rating Agency Confirmation from each Rating Agency with respect to the termination of
the Special Servicer and the appointment of a successor special servicer recommended by the Operating Advisor following satisfaction
of the foregoing clause (i), the Trustee shall (i) terminate all of the rights and obligations of the Special
Servicer under this Agreement and appoint such successor Special Servicer and (ii) promptly notify such outgoing Special
Servicer of the effective date of such termination. The reasonable out-of-pocket costs and expenses (including reasonable legal
fees and expenses of outside counsel) associated with obtaining such Rating Agency Confirmations and administering such vote and
the Operating Advisor’s identification of a Qualified Replacement Special Servicer shall be an additional expense of the
Trust. In the event that the Certificate Administrator does not receive the affirmative vote of at least a majority of the quorum
described in clause (i) of the preceding sentence, then the Trustee shall have no obligation to remove the Special
Servicer. Prior to the appointment of any replacement special servicer, such replacement special servicer shall have agreed to
succeed to the obligations of the Special Servicer under this Agreement and to act as the Special Servicer’s successor hereunder.
Notwithstanding the foregoing, the Operating Advisor shall not be permitted to recommend the replacement of the Special Servicer
with

 

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respect
to a Serviced AB Whole Loan so long as the AB Whole Loan Controlling Holder is not subject to an AB Control Appraisal Period under
the related Intercreditor Agreement. For the sake of clarity, the recommendation of replacement of the Special Servicer by the
Operating Advisor and the approval of the Certificateholders of such Qualified Replacement Special Servicer shall not preclude
the Directing Certificateholder from appointing a replacement special servicer, provided that such replacement may not
be the removed Special Servicer or its Affiliate.

 

No
penalty or fee shall be payable to the terminated Special Servicer with respect to any termination pursuant to this Section 7.01(d).
The reasonable fees and out-of-pocket expenses of any such termination made by the Directing Certificateholder without cause shall
be paid by the Holders of the Controlling Class.

 

For
the avoidance of doubt, the indemnification of the Operating Advisor in Section 6.04 shall include, subject to the
limitations set forth in Section 6.04, any action or claim arising from, or relating to, the Operating Advisor’s
determination under this Section 7.01(d) (regarding removal of the Special Servicer), or the result of the vote of
the Certificateholders (regarding removal of the Special Servicer).

 

(e)          The Master Servicer and Special Servicer shall, as the case may be, from time to time, take all such reasonable actions as are
required by it in accordance with the related Servicing Standard in order to prevent the Certificates from being placed on “watch”
status or downgraded due to servicing or special servicing, as applicable, concerns by any Rating Agency. In no event shall the
remedy for a breach of the foregoing covenant extend beyond termination pursuant to Sections 7.01(a)(viii), 7.01(a)(ix)
and (x), and the resulting operation of Section 7.01(b) and (c). The operation of this subsection (e)
shall not be construed to limit the effect of Section 7.01(a)(viii), Section 7.01(a)(ix) or (x).

 

(f)           Notwithstanding the foregoing, (1) if any Servicer Termination Event on the part of the Master Servicer affects a Serviced Companion
Loan, the related holder of a Serviced Companion Loan or the rating on any class of certificates backed, wholly or partially,
by any Serviced Companion Loan Securities, and if the Master Servicer is not otherwise terminated, or (2) if a Servicer Termination
Event on the part of the Master Servicer affects only a Serviced Companion Loan, the related holder of a Serviced Companion Loan
or the rating on any class of certificates backed, wholly or partially, by any Serviced Companion Loan Securities, then the Master
Servicer may not be terminated by or at the direction of the related holder of such Serviced Companion Loan or the holders of
any certificates backed, wholly or partially, by such Serviced Companion Loan, but upon the written direction of the related holder
of such Serviced Companion Loan, the Master Servicer shall be required to appoint a sub-servicer that will be responsible for
servicing the related Serviced Whole Loan.

 

(g)          (i) Notwithstanding anything to the contrary contained in this Section 7.01, with respect to any Excluded Special
Servicer Loan, if any, the Special Servicer shall resign as Special Servicer of that Excluded Special Servicer Loan. Prior to
the occurrence and continuance of a Control Termination Event, if the applicable Excluded Special Servicer Loan is not also an
Excluded Loan, the Directing Certificateholder, shall appoint (and may remove and replace with or without cause) an Excluded Special
Servicer, as successor to the

 

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resigning
Special Servicer, for the related Excluded Special Servicer Loan in accordance with this Agreement. After the occurrence and during
the continuance of a Control Termination Event or if at any time the applicable Excluded Special Servicer Loan is also an Excluded
Loan, the resigning Special Servicer shall use reasonable efforts to select the related Excluded Special Servicer. The Special
Servicer shall not have any liability with respect to the actions or inactions of the applicable Excluded Special Servicer or
with respect to the identity of the applicable Excluded Special Servicer. It shall be a condition to any such appointment that
(i) the Rating Agencies confirm that the appointment would not result in a qualification, downgrade or withdrawal of any
of their then-current ratings of the Certificates and the equivalent from each NRSRO hired to provide ratings with respect to
any Serviced Companion Loan Securities, (ii) the related Excluded Special Servicer, as certified by such Excluded Special
Servicer, is a Qualified Replacement Special Servicer and (iii) the related Excluded Special Servicer delivers to the Depositor
(and the Certificate Administrator) and any applicable Other Depositor (and any applicable Other Certificate Administrator), the
information, if any, required under Item 6.02 of Form 8-K pursuant to the Exchange Act regarding itself in its role
as Excluded Special Servicer.

 

If
at any time the Special Servicer is no longer a Borrower Party (including, without limitation, as a result of the related Mortgaged
Property becoming an REO Property) with respect to an Excluded Special Servicer Loan, (1) the related Excluded Special Servicer
shall resign, (2) the related Mortgage Loan or Serviced Whole Loan shall no longer be an Excluded Special Servicer Loan, (3) the
Special Servicer shall become the Special Servicer again for such related Mortgage Loan or Serviced Whole Loan and (4) the Special
Servicer shall be entitled to all special servicing compensation with respect to such Mortgage Loan or Serviced Whole Loan earned
during such time on and after such Mortgage Loan or Serviced Whole Loan is no longer an Excluded Special Servicer Loan; provided,
however, that the related Excluded Special Servicer will not be required to resign if the Directing Certificateholder determines
that such Excluded Special Servicer may continue to serve as Special Servicer for the applicable Excluded Special Servicer Loan.

 

The
applicable Excluded Special Servicer shall perform all of the obligations of the Special Servicer for the related Excluded Special
Servicer Loan and shall be entitled to all special servicing compensation with respect to such Excluded Special Servicer Loan
earned during such time as the related Mortgage Loan or Serviced Whole Loan is an Excluded Special Servicer Loan (provided
that the Special Servicer shall remain entitled to all other special servicing compensation with respect all Mortgage Loans
and Serviced Whole Loans that are not Excluded Special Servicer Loans during such time).

 

If
a Servicing Officer of the Master Servicer, a related Excluded Special Servicer, or the Special Servicer, as applicable, has actual
knowledge that a Mortgage Loan is no longer an Excluded Loan, an Excluded Controlling Class Loan or an Excluded Special Servicer
Loan, as applicable, the Master Servicer, the related Excluded Special Servicer or Special Servicer, as applicable, shall provide
prompt written notice thereof to each of the other parties to this Agreement.

 

Section 7.02      
Trustee to Act; Appointment of Successor. On and after the time the Master Servicer or the Special Servicer, as the case
may be, either resigns pursuant to subsection (a) of the first sentence of Section 6.05 or receives a notice
of termination for cause

 

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pursuant
to Section 7.01(b), and provided that no acceptable successor has been appointed within the time period specified
in Section 7.01(c), the Trustee shall be the successor to such party, until such successor to the Master Servicer
or the Special Servicer, as applicable, is appointed as provided in this Section 7.02 or by the Directing Certificateholder
as provided in Section 7.01(d), as applicable, in all respects in its capacity as Master Servicer or Special Servicer,
as applicable, under this Agreement and the transactions set forth or provided for herein and shall be subject to, and have the
benefit of, all of the rights, (subject to Section 3.11 and Section 6.04) benefits, responsibilities,
duties, liabilities and limitations on liability relating thereto and that arise thereafter placed on or for the benefit of the
Master Servicer or Special Servicer, as applicable, by the terms and provisions hereof; provided, however, that
any failure to perform such duties or responsibilities caused by the terminated party’s failure under Section 7.01
to provide information or moneys required hereunder shall not be considered a default by such successor hereunder. The appointment
of a successor master servicer shall not affect any liability of the predecessor Master Servicer which may have arisen prior to
its termination as Master Servicer, and the appointment of a successor special servicer shall not affect any liability of the
predecessor Special Servicer which may have arisen prior to its termination as Special Servicer. The Trustee in its capacity as
successor to the Master Servicer or the Special Servicer, as the case may be, shall not be liable for any of the representations
and warranties of the Master Servicer or the Special Servicer, respectively, herein or in any related document or agreement, for
any acts or omissions of the predecessor Master Servicer or Special Servicer or for any losses incurred by the predecessor Master
Servicer pursuant to Section 3.05(j) hereunder, nor shall the Trustee be required to purchase any Mortgage Loan or Trust
Subordinate Companion Loan hereunder solely as a result of its obligations as successor master servicer or special servicer, as
the case may be. Subject to Section 3.11, as compensation therefor, the Trustee as successor master servicer shall
be entitled to the Servicing Fees and all fees relating to the Mortgage Loans or the Companion Loans which the Master Servicer
would have been entitled to if the Master Servicer had continued to act hereunder, including but not limited to any income or
other benefit from any Permitted Investment pursuant to Section 3.05(j), and subject to Section 3.11, and
the Trustee as successor to the Special Servicer shall be entitled to the Special Servicing Fees to which the Special Servicer
would have been entitled if the Special Servicer had continued to act hereunder. Should the Trustee succeed to the capacity of
the Master Servicer or the Special Servicer, as the case may be, the Trustee shall be afforded the same standard of care and liability
as the Master Servicer or the Special Servicer, as applicable, hereunder notwithstanding anything in Section 8.01
to the contrary, but only with respect to actions taken by it in its role as successor master servicer or successor special servicer,
as the case may be, and not with respect to its role as Trustee hereunder. Notwithstanding the above, the Trustee may, if it shall
be unwilling to act as successor to the Master Servicer or the Special Servicer, as applicable, or shall, if it is unable to so
act, or if the Trustee is not approved as a servicer by each Rating Agency, or if, (i) prior to the occurrence and continuance
of a Control Termination Event and (ii) other than with respect to any Excluded Loan, the Directing Certificateholder or
the Holders of Certificates entitled to 25% of the Voting Rights so request in writing to the Trustee, promptly appoint, or petition
a court of competent jurisdiction to appoint, any established mortgage loan servicing institution which meets the criteria set
forth in Section 6.05 and otherwise herein, as the successor to the Master Servicer or the Special Servicer, as applicable,
hereunder in the assumption of all or any part of the responsibilities, duties or liabilities of the Master Servicer or Special
Servicer hereunder. No appointment of a successor to the Master Servicer or the Special Servicer

 

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hereunder
shall be effective until (i) the assumption in writing by the successor to the Master Servicer or the Special Servicer of
all its responsibilities, duties and liabilities hereunder that arise thereafter, (ii) upon receipt of Rating Agency Confirmation
from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade,
withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25), (iii) which appointment has been approved
(prior to the occurrence and continuance of a Control Termination Event and other than with respect to an Excluded Loan) by the
Directing Certificateholder, such approval not to be unreasonably withheld and (iv) the Certificate Administrator shall have
filed any required Form 8-K pursuant to Section 11.07 hereof and any other Form 8-K filings have been completed with
respect to any related Companion Loan. Pending appointment of a successor to the Master Servicer or the Special Servicer hereunder,
unless the Trustee shall be prohibited by law from so acting, the Trustee shall act in such capacity as herein above provided.
In connection with such appointment and assumption of a successor to the Master Servicer or Special Servicer as described herein,
the Trustee may make such arrangements for the compensation of such successor out of payments on the Mortgage Loans and the Trust
Subordinate Companion Loan as it and such successor shall agree; provided, however, that no such compensation with
respect to a successor master servicer or successor special servicer, as the case may be, shall be in excess of that permitted
the terminated Master Servicer or Special Servicer, as the case may be, hereunder. The Trustee, the Master Servicer or the Special
Servicer (whichever is not the terminated party) and such successor shall take such action, consistent with this Agreement, as
shall be necessary to effectuate any such succession. Any costs and expenses associated with the transfer of the servicing function
(other than with respect to a termination without cause) under this Agreement shall be borne by the predecessor Master Servicer
or Special Servicer, as applicable. If such predecessor Master Servicer or Special Servicer (as the case may be) has not reimbursed
the party requesting such termination or the successor master servicer or special servicer for such expenses within ninety (90) days
after the presentation of reasonable documentation, such expense shall be reimbursed by the Trust; provided that the terminated
Master Servicer or Special Servicer shall not thereby be relieved of its liability for such expenses. If and to the extent that
the terminated Master Servicer or Special Servicer has not reimbursed such costs and expenses, the party requesting such termination
shall have an affirmative obligation to take all reasonable actions to collect such expenses on behalf of the Trust. In the event
of a termination without cause, such costs and expenses shall be borne by the party requesting such termination, or as otherwise
set forth herein; provided that the Certificate Administrator and the Trustee shall not bear any such costs and expenses.
For the avoidance of doubt, if the Trustee is terminating the Master Servicer or Special Servicer in accordance with this Agreement
at the direction of any party or parties permitted to direct the Trustee to so terminate the Master Servicer or Special Servicer
pursuant to this Agreement, the Trustee shall not have any liability for such expenses pursuant to this paragraph.

 

Section 7.03      
Notification to Certificateholders. (a)  Upon any resignation of the Master Servicer or the Special Servicer
pursuant to Section 6.05, any termination of the Master Servicer or the Special Servicer pursuant to Section 7.01
or any appointment of a successor to the Master Servicer or the Special Servicer pursuant to Section 7.02, the
Certificate

 

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Administrator
shall give prompt written notice thereof to Certificateholders at their respective addresses appearing in the Certificate Register.

 

(b)         Not later than the later of (i) sixty (60) days after the occurrence of any event which constitutes or, with notice or lapse
of time or both, would constitute a Servicer Termination Event and (ii) five (5) days after the Certificate Administrator
would be deemed to have notice of the occurrence of such an event in accordance with Section 8.02(vii), the Certificate
Administrator shall transmit by mail to the Depositor and all Certificateholders (and, if a Serviced Whole Loan is affected, the
related Serviced Companion Noteholder) notice of such occurrence, unless such default shall have been cured.

 

Section 7.04      
Waiver of Servicer Termination Events. The Holders of Certificates representing at least (a) 66 2/3% of the Voting Rights
in case of the Master Servicer or in the case of the Special Servicer with respect to the 225 Bush Whole Loan or (b) 66 2/3% of
the Pooled Voting Rights in case of the case of the Special Servicer (other than with respect to the 225 Bush Whole Loan) allocated
to each Class of Certificates affected by any Servicer Termination Event hereunder may waive such Servicer Termination Event within
twenty (20) days of the receipt of notice from the Certificate Administrator of the occurrence of such Servicer Termination Event;
provided, however, that a Servicer Termination Event under clause (i), (ii), (viii), (ix)
or (x) of Section 7.01(a) may be waived only by all of the Certificateholders of the affected Classes and
a Servicer Termination Event under clause (iii) of Section 7.01(a) relating to Exchange Act reporting may be
waived only with the consent of the Depositor. Upon any such waiver of a Servicer Termination Event, such Servicer Termination
Event shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. Upon any such waiver of a Servicer
Termination Event by Certificateholders, the Trustee and the Certificate Administrator shall be entitled to recover all costs
and expenses incurred by it in connection with enforcement action taken with respect to such Servicer Termination Event prior
to such waiver from the Trust. No such waiver shall extend to any subsequent or other Servicer Termination Event or impair any
right consequent thereon except to the extent expressly so waived. Notwithstanding any other provisions of this Agreement, for
purposes of waiving any Servicer Termination Event pursuant to this Section 7.04, Certificates registered in the name
of the Depositor or any Affiliate of the Depositor shall be entitled to the same Voting Rights with respect to the matters described
above as they would if any other Person held such Certificates.

 

Section 7.05      
Trustee as Maker of Advances. In the event that the Master Servicer fails to fulfill its obligations hereunder to make
any Advances and such failure remains uncured, the Trustee shall perform such obligations (x) within five (5) Business Days
following such failure by the Master Servicer with respect to Servicing Advances resulting in a Servicer Termination Event under
Section 7.01(a)(iii) hereof to the extent a Responsible Officer of the Trustee has actual knowledge of such failure
with respect to such Servicing Advances and (y) by noon, New York City time, on the related Distribution Date with respect
to P&I Advances pursuant to the Certificate Administrator’s notice of failure pursuant to Section 4.03(a)
unless such failure has been cured. With respect to any such Advance made by the Trustee, the Trustee shall succeed to all of
the Master Servicer’s rights with respect to Advances hereunder, including, without limitation, the Master Servicer’s
rights of reimbursement and interest on each Advance at the Reimbursement Rate, and rights to determine that a proposed Advance
is a

 

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Nonrecoverable
P&I Advance or Servicing Advance, as the case may be, (without regard to any impairment of any such rights of reimbursement
caused by such Master Servicer’s default in its obligations hereunder); provided, however, that if Advances
made by the Trustee and the Master Servicer shall at any time be outstanding, or any interest on any Advance shall be accrued
and unpaid, all amounts available to repay such Advances and the interest thereon hereunder shall be applied entirely to the Advances
outstanding to the Trustee, until such Advances shall have been repaid in full, together with all interest accrued thereon, prior
to reimbursement of the Master Servicer for such Advances. The Trustee shall be entitled to conclusively rely on any notice given
with respect to a Nonrecoverable Advance hereunder.

 

[End
of Article VII]

 

Article VIII

CONCERNING THE TRUSTEE AND THE CERTIFICATE ADMINISTRATOR

 

Section 8.01      
Duties of the Trustee and the Certificate Administrator. (a)  The Trustee and the Certificate Administrator,
prior to the occurrence of a Servicer Termination Event and after the curing or waiving of all Servicer Termination Events which
may have occurred, undertake to perform such duties and only such duties as are specifically set forth in this Agreement. If a
Servicer Termination Event occurs and is continuing, the Trustee shall exercise such of the rights and powers vested in it by
this Agreement, and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the
circumstances in the conduct of his own affairs. Any permissive right of the Trustee and the Certificate Administrator contained
in this Agreement shall not be construed as a duty.

 

(b)          The Trustee or the Certificate Administrator, upon receipt of all resolutions, certificates, statements, opinions, reports, documents,
orders or other instruments furnished to the Trustee or the Certificate Administrator which are specifically required to be furnished
to the Trustee or the Certificate Administrator pursuant to any provision of this Agreement (other than the Mortgage Files, the
review of which is specifically governed by the terms of Article II, any CREFC® reports and any information
delivered for posting to the Certificate Administrator’s Website or the 17g-5 Information Provider’s Website), shall
examine them to determine whether they conform to the requirements of this Agreement. If any such instrument is found not to conform
to the requirements of this Agreement in a material manner, the Trustee or the Certificate Administrator shall notify the party
providing such instrument and requesting the correction thereof. The Trustee or the Certificate Administrator shall not be responsible
for the accuracy or content of any resolution, certificate, statement, opinion, report, document, order or other instrument furnished
by the Depositor, the Master Servicer or the Special Servicer or another Person, and accepted by the Trustee or the Certificate
Administrator in good faith, pursuant to this Agreement.

 

(c)          No provision of this Agreement shall be construed to relieve the Trustee or the Certificate Administrator from liability for its
own negligent action, its own negligent failure to act or its own willful misconduct or bad faith; provided, however,
that:

 

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(i)        Prior
to the occurrence of a Servicer Termination Event, and after the curing of all such Servicer Termination Events which may have
occurred, the duties and obligations of the Trustee and the Certificate Administrator shall be determined solely by the express
provisions of this Agreement, the Trustee and the Certificate Administrator shall not be liable except for the performance of
such duties and obligations as are specifically set forth in this Agreement, no implied covenants or obligations shall be read
into this Agreement against the Trustee and the Certificate Administrator and, in the absence of bad faith on the part of the
Trustee and the Certificate Administrator, the Trustee and the Certificate Administrator may conclusively rely, as to the truth
of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee
or the Certificate Administrator and conforming to the requirements of this Agreement;

 

(ii)       Neither
the Trustee nor the Certificate Administrator, as applicable, shall be liable for an error of judgment made in good faith by a
Responsible Officer or Responsible Officers of the Trustee or the Certificate Administrator, respectively, unless it shall be
proved that the Trustee or the Certificate Administrator, as applicable, was negligent in ascertaining the pertinent facts; and

 

(iii)      Neither
the Trustee nor the Certificate Administrator, as applicable, shall be liable with respect to any action taken, suffered or omitted
to be taken by it in good faith in accordance with the direction of Holders of Certificates evidencing not less than 25% of the
percentage interest of each affected Class, or of the Voting Rights of the Certificates, relating to the time, method and place
of conducting any proceeding for any remedy available to the Trustee or the Certificate Administrator, or exercising any trust
or power conferred upon the Trustee or the Certificate Administrator, under this Agreement (unless a higher percentage of Voting
Rights is required for such action).

 

(d)        The Certificate Administrator shall make available via its internet website initially located at www.ctslink.com to the Serviced
Companion Noteholders all reports that the Certificate Administrator has made available to Certificateholders under this Agreement
to the extent such reports relate to the related Serviced Companion Loan and upon the submission of an Investor Certification
pursuant to this Agreement.

 

Section 8.02      
Certain Matters Affecting the Trustee and the Certificate Administrator. Except as otherwise provided in Section 8.01:

 

(i)        The
Trustee and the Certificate Administrator may rely upon and shall be protected in acting or refraining from acting upon any resolution,
direction of the Depositor, Officer’s Certificate, certificate of auditors or any other certificate, statement, instrument,
opinion, report, notice, request, consent, order, Appraisal, bond or other paper or document reasonably believed by it to be genuine
and to have been signed or presented by the proper party or parties;

 

(ii)       The
Trustee and the Certificate Administrator may consult with counsel and the advice of such counsel or any Opinion of Counsel shall
be full and complete

 

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authorization
and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance therewith;

 

(iii)      Neither
the Trustee nor the Certificate Administrator shall be under any obligation to exercise any of the trusts or powers vested in
it by this Agreement or the Certificates or to make any investigation of matters arising hereunder or to institute, conduct or
defend any litigation hereunder or in relation hereto at the request, order or direction of any of the Certificateholders, pursuant
to the provisions of this Agreement, unless such Certificateholders shall have offered to the Trustee or the Certificate Administrator,
as applicable, security or indemnity reasonably satisfactory to it, against the costs, expenses and liabilities which may be incurred
therein or thereby; neither the Trustee nor the Certificate Administrator shall be required to expend or risk its own funds or
otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights
or powers, unless repayment of such funds or indemnity reasonably satisfactory to it against such risk or liability is reasonably
assured to it; nothing contained herein shall, however, relieve the Trustee of the obligation, upon the occurrence of a Servicer
Termination Event which has not been cured, to exercise such of the rights and powers vested in it by this Agreement, and to use
the same degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct
of his own affairs;

 

(iv)      Neither
the Trustee nor the Certificate Administrator shall be liable for any action reasonably taken, suffered or omitted by it in good
faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;

 

(v)       Prior
to the occurrence of a Servicer Termination Event hereunder and after the curing of all Servicer Termination Events which may
have occurred, neither the Trustee nor the Certificate Administrator shall be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval,
bond or other paper or document, unless requested in writing to do so by Holders of Certificates entitled to more than 50% of
the Voting Rights; provided, however, that if the payment within a reasonable time to the Trustee or the Certificate
Administrator of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the
opinion of the Trustee or the Certificate Administrator, respectively, not reasonably assured to the Trustee or the Certificate
Administrator by the security afforded to it by the terms of this Agreement, the Trustee or the Certificate Administrator, respectively,
may require indemnity reasonably satisfactory to it from such requesting Holders against such expense or liability as a condition
to taking any such action. The reasonable expense of every such reasonable examination shall be paid by the requesting Holders;

 

(vi)      The
Trustee or the Certificate Administrator may execute any of the trusts or powers hereunder or perform any duties hereunder either
directly or by or through agents or attorneys; provided, however, that the appointment of such agents or attorneys
shall not relieve the Trustee or the Certificate Administrator of its duties or obligations hereunder; provided, further,
that the Trustee or the Certificate Administrator, as the case

 

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may
be, may not perform any duties hereunder through any Person that is a Prohibited Party;

 

(vii)     For
all purposes under this Agreement, neither the Trustee nor the Certificate Administrator shall be deemed to have notice of any
Servicer Termination Event or Asset Representations Reviewer Termination Event or any act, failure or breach of any Person upon
the occurrence of which the Trustee or the Certificate Administrator may be required to act unless a Responsible Officer of the
Trustee or the Certificate Administrator, as applicable, has actual knowledge thereof or unless written notice of any event, act,
failure or breach which is in fact such a default is received by the Trustee or the Certificate Administrator at the respective
Corporate Trust Office, and such notice references the Certificates or this Agreement;

 

(viii)    Neither
the Trustee nor the Certificate Administrator shall be responsible for any act or omission of the Master Servicer, the Special
Servicer (unless the Trustee is acting as Master Servicer or Special Servicer, as the case may be, in which case the Trustee shall
only be responsible for its own actions as Master Servicer or Special Servicer), the Operating Advisor, the Asset Representations
Reviewer or the Depositor;

 

(ix)       Neither
the Trustee nor the Certificate Administrator shall in any way be liable by reason of any insufficiency in the Trust Fund unless
it is determined by a court of competent jurisdiction that the Trustee’s or Certificate Administrator’s, as applicable,
negligence or willful misconduct was the primary cause of such insufficiency;

 

(x)        In
no event shall the Trustee or the Certificate Administrator be liable for any failure or delay in the performance of its obligations
hereunder due to force majeure or acts of God; provided that such failure or delay is not also a result of its own
negligence, bad faith or willful misconduct;

 

(xi)       Except
as otherwise expressly set forth in this Agreement, Wells Fargo Bank, National Association acting in any particular capacity hereunder
will not be deemed to be imputed with knowledge of (a) Wells Fargo Bank, National Association acting in a capacity that is unrelated
to the transactions contemplated by this Agreement, or (b) Wells Fargo Bank, National Association acting in any other capacity
hereunder, except, in the case of either clause (a) or clause (b), where some or all of the obligations performed
in such capacities are performed by one or more employees within the same group or division of Wells Fargo Bank, National Association
or where the groups or divisions responsible for performing the obligations in such capacities have one or more of the same Responsible
Officers provided, however, the knowledge of the employees performing special servicing functions shall not be imputed to employees
performing master servicing functions and the knowledge of employees performing master servicing functions shall not be imputed
to employees performing special servicing functions;

 

(xii)      Nothing
herein shall require the Trustee or the Certificate Administrator to act in any manner that is contrary to applicable law; and

 

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(xiii)     Nothing
herein shall be construed as an obligation for any party to this Agreement to advise a Certificateholder with respect to its rights
and protections relative to the Trust.

 

The
Certificate Administrator shall be entitled to all of the same rights, protections, immunities and indemnities afforded to it
as Certificate Administrator, as the case may be, in each capacity for which it serves hereunder (including, without limitation,
as Custodian, Certificate Registrar, 17g-5 Information Provider and Authenticating Agent).

 

Section 8.03      
Trustee and Certificate Administrator Not Liable for Validity or Sufficiency of Certificates or Mortgage Loans or Trust Subordinate
Companion Loan. The recitals contained herein and in the Certificates, other than the acknowledgments of the Trustee or the
Certificate Administrator in Sections  2.02 and 2.04 and the signature, if any, of the Certificate Registrar
and Authenticating Agent set forth on any outstanding Certificate, shall be taken as the statements of the Depositor, the Master
Servicer or the Special Servicer, as the case may be, and the Trustee or the Certificate Administrator assume no responsibility
for their correctness. Neither the Trustee nor the Certificate Administrator makes any representations as to the validity or sufficiency
of this Agreement or of any Certificate (other than as to the signature, if any, of the Trustee or the Certificate Administrator
set forth thereon) or of any Mortgage Loan or Trust Subordinate Companion Loan or related document. Neither the Trustee nor the
Certificate Administrator shall be accountable for the use or application by the Depositor of any of the Certificates issued to
it or of the proceeds of such Certificates, or for the use or application of any funds paid to the Depositor in respect of the
assignment of the Mortgage Loans and the Trust Subordinate Companion Loan to the Trust, or any funds deposited in or withdrawn
from the Collection Account or any other account by or on behalf of the Depositor, the Master Servicer, the Special Servicer or
in the case of the Trustee, the Certificate Administrator. The Trustee and the Certificate Administrator shall not be responsible
for the accuracy or content of any resolution, certificate, statement, opinion, report, document, order or other instrument furnished
by the Depositor, the Master Servicer or the Special Servicer and accepted by the Trustee or the Certificate Administrator, in
good faith, pursuant to this Agreement.

 

Section 8.04      
Trustee or Certificate Administrator May Own Certificates. The Trustee or the Certificate Administrator, each in its individual
capacity, not as Trustee or Certificate Administrator, may become the owner or pledgee of Certificates, and may deal with the
Depositor, the Master Servicer, the Special Servicer or the Underwriters in banking transactions, with the same rights it would
have if it were not Trustee or the Certificate Administrator.

 

Section 8.05      
Fees and Expenses of Trustee and Certificate Administrator; Indemnification of Trustee and Certificate Administrator. (a)  As
compensation for the performance of their respective duties hereunder, the Trustee will be paid the Trustee Fee, which shall cover
recurring and otherwise reasonably anticipated expenses of the Trustee, and the Certificate Administrator will be paid the Certificate
Administrator Fee equal to the Certificate Administrator’s portion of one month’s interest at the Certificate Administrator
Fee Rate, which shall cover recurring and otherwise reasonably anticipated expenses of the Certificate Administrator. The Trustee
Fee and Certificate Administrator Fee shall be paid monthly on a

 

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Mortgage
Loan-by-Mortgage Loan (or Trust Subordinate Companion Loan-by-Trust Subordinate Companion Loan, if applicable) basis. As to each
Mortgage Loan, the Trust Subordinate Companion Loan and REO Loan (other than the portion of an REO Loan related to any Companion
Loan), the Certificate Administrator shall pay to the Trustee monthly the Trustee Fee from the Certificate Administrator Fee,
which Certificate Administrator Fee shall accrue from time to time at the Certificate Administrator Fee Rate and the Certificate
Administrator Fee shall be computed on the basis of the Stated Principal Balance of such Mortgage Loan or Trust Subordinate Companion
Loan, as applicable and a 360-day year consisting of twelve 30-day months. The Trustee Fee (which shall not be limited to any
provision of law in regard to the compensation of a trustee of an express trust) shall constitute the Trustee’s sole form
of compensation for all services rendered by it in the execution of the trusts hereby created and in the exercise and performance
of any of the powers, rights and duties of the Trustee hereunder, except for the reimbursement of expenses specifically provided
for herein. The Certificate Administrator Fee shall constitute the Certificate Administrator’s sole form of compensation
for the exercise and performance of its powers and duties hereunder, except for the reimbursement of expenses specifically provided
for herein. No Trustee Fee or Certificate Administrator Fee shall be payable with respect to any Companion Loan.

 

(b)         The Trustee, the Certificate Administrator (in each case, including in its capacity as Custodian and in its individual capacity)
and any director, officer, employee, representative or agent of the Trustee and the Certificate Administrator, respectively, shall
be entitled to be indemnified and held harmless by the Trust (to the extent of amounts on deposit in the Collection Account or
the Lower-Tier REMIC Distribution Account or the Trust Subordinate Companion Loan REMIC Distribution Account, as applicable, from
time to time) against any loss, liability or expense (including, without limitation, costs and expenses of litigation, and of
investigation, counsel fees, damages, judgments and amounts paid in settlement, and expenses incurred in becoming successor master
servicer or successor special servicer, to the extent not otherwise paid hereunder) arising out of, or incurred in connection
with, any act or omission of the Trustee or the Certificate Administrator, respectively, relating to its enforcement of its indemnification
under this Agreement or relating to the exercise and performance of any of the powers, rights and duties of the Trustee or the
Certificate Administrator, respectively, hereunder; provided, however, that none of the Trustee or the Certificate
Administrator, nor any of the other above specified Persons shall be entitled to indemnification pursuant to this Section 8.05(b)
for (i) allocable overhead, (ii) expenses or disbursements incurred or made by or on behalf of the Trustee or the
Certificate Administrator, respectively, in the normal course of the Trustee or the Certificate Administrator, respectively, performing
its duties in accordance with any of the provisions hereof, which are not “unanticipated expenses incurred by the REMIC”
within the meaning of Treasury Regulations Section 1.860G-1(b)(3)(ii), (iii) any expense or liability specifically required
to be borne thereby pursuant to the terms hereof or (iv) any loss, liability or expense incurred by reason of willful misconduct,
bad faith or negligence in the performance of the Trustee’s or the Certificate Administrator’s, respectively, obligations
and duties hereunder, or by reason of negligent disregard of such obligations or duties, or as may arise from a breach of any
representation or warranty of the Trustee specified in Section 8.12 or the Certificate Administrator specified in
Section 8.14, respectively, made herein. The provisions of this Section 8.05(b) shall survive the termination
of this Agreement and any resignation or removal of the Trustee or the Certificate Administrator, respectively, and appointment
of a successor

 

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thereto.
The foregoing indemnity shall also apply to the Certificate Administrator in all of its capacities hereunder, including Custodian,
Certificate Registrar and Authenticating Agent.

 

(c)         Each of the Certificate Administrator, Master Servicer and Special Servicer shall indemnify and hold harmless the Depositor (and,
with respect to Certificate Administrator, the Mortgage Loan Sellers) from and against any claims, losses, damages, penalties,
fines, forfeitures, legal fees and expenses and related costs, judgments and other costs and expenses incurred by the Depositor
(and, with respect to the Certificate Administrator, any Mortgage Loan Seller or its Affiliates) pursuant to a third party claim
under the Securities Act, the Exchange Act or otherwise that arise out of or are based upon (A)(i) with respect to the Certificate
Administrator, a breach by the Certificate Administrator, in its capacity as 17g-5 Information Provider or in any other capacity
in which the Certificate Administrator is required to make information available to a Privileged Person that is an NRSRO, of its
obligations under this Agreement or (ii) negligence, bad faith or willful misconduct on the part of the Certificate Administrator,
in its capacity as 17g-5 Information Provider or in any other capacity in which the Certificate Administrator is required to make
information available to a Privileged Person that is an NRSRO, in the performance of such obligations or its negligent disregard
of its obligations and duties under this Agreement or (B) with respect to the Master Servicer and Special Servicer, severally
and not jointly (i) a breach by the Master Servicer or Special Servicer, as applicable, of any of its obligations to deliver information
to the 17g-5 Information Provider as set forth in this Agreement, including Section 3.07(a), Section 3.08,
Section 3.09(e), Section 3.12, Section 3.17(c), Section 3.18(g), Section 11.09,
Section 11.10 and Section 11.11, or (ii) a breach by the Master Servicer or Special Servicer, as applicable,
of any of its obligations set forth in Sections 3.13(d), (g) and (i).

 

Section 8.06      
Eligibility Requirements for Trustee and Certificate Administrator. Each of the Trustee and the Certificate Administrator
hereunder shall at all times be, and will be required to resign if it fails to be, (i) a corporation, national bank, national
banking association or a trust company, organized and doing business under the laws of any state or the United States of America,
authorized under such laws to exercise corporate trust powers and to accept the trust conferred under this Agreement, having a
combined capital and surplus of at least $100,000,000 and subject to supervision or examination by federal or state authority
and in the case of the Trustee, shall not be an Affiliate of the Master Servicer or the Special Servicer (except during any period
when the Trustee is acting as, or has become successor to, the Master Servicer or the Special Servicer, as the case may be, pursuant
to Section 7.02), (ii) an institution insured by the Federal Deposit Insurance Corporation, (iii) an institution
whose long-term senior unsecured debt is rated at least “BBB+” by S&P and “A” by Fitch; provided
that the Trustee will not become ineligible to serve based on a failure to satisfy such rating requirements as long as (a) it
maintains a long-term unsecured debt rating of no less than “A-” by Fitch, (b) its short-term debt obligations
have a short-term rating of not less than “F1” by Fitch and “A-2” by S&P, and (c) the Master
Servicer maintains a rating of at least “A+” by Fitch and (iv) an entity that is not a Prohibited Party.

 

If
such corporation, national bank or national banking association publishes reports of condition at least annually, pursuant to
law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section 8.06
the combined capital and surplus of such corporation, national bank or national banking association shall be

 

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deemed
to be its combined capital and surplus as set forth in its most recent report of condition so published. In the event the place
of business from which the Certificate Administrator administers the Trust REMICs or the Grantor Trust or in which the Trustee’s
office is located is in a state or local jurisdiction that imposes a tax on the Trust on the net income of a REMIC (other than
a tax corresponding to a tax imposed under the REMIC Provisions) or a grantor trust, the Certificate Administrator or the Trustee,
as applicable, shall elect either to (i) resign immediately in the manner and with the effect specified in Section 8.07,
(ii) pay such tax at no expense to the Trust or (iii) administer the Trust REMICs and/or the Grantor Trust, as applicable,
from a state and local jurisdiction that does not impose such a tax.

 

Section 8.07      
Resignation and Removal of the Trustee and Certificate Administrator. (a)  The Trustee and the Certificate Administrator
may at any time resign and be discharged from the trusts hereby created by giving not less than sixty (60) days’ prior written
notice thereof to the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as applicable,
the Operating Advisor, the Asset Representations Reviewer, 17g-5 Information Provider, and all Certificateholders. The Certificate
Administrator shall post such notice to the Certificate Administrator’s Website in accordance with Section 3.13(b)
and provide notice of such event to the Master Servicer, the Special Servicer, the Depositor and the 17g-5 Information Provider,
which shall promptly post such notice to the 17g-5 Information Provider’s Website in accordance with Section 3.13(c).
Upon receiving such notice of resignation, the Depositor shall use its reasonable best efforts to promptly appoint a successor
trustee or certificate administrator acceptable to, prior to the occurrence and continuance of a Control Termination Event, the
Directing Certificateholder by written instrument, in duplicate, which instrument shall be delivered to the resigning Trustee
or Certificate Administrator and to the successor trustee or certificate administrator. A copy of such instrument shall be delivered
to the Master Servicer, the Special Servicer, the Certificateholders and the Certificate Administrator or the Trustee, as applicable,
by the Depositor. In the event of a resignation pursuant to this Section 8.07(a), the resigning Trustee or Certificate
Administrator, as the case may be, must pay all costs and expenses associated with the transfer of its responsibilities. If no
successor trustee or certificate administrator shall have been so appointed and have accepted appointment within ninety (90) days
after the giving of such notice of resignation, the resigning Trustee or Certificate Administrator may petition any court of competent
jurisdiction for the appointment of a successor trustee or certificate administrator, as applicable, and any expenses associated
with such petition shall be an expense of the Trust.

 

(b)          If at any time the Trustee or Certificate Administrator shall cease to be eligible in accordance with the provisions of Section 8.06
(and in the case of the Certificate Administrator, Section 5.08) and shall fail to resign after written request
therefor by the Depositor or the Master Servicer, or if at any time the Trustee or Certificate Administrator shall become incapable
of acting, or shall be adjudged bankrupt or insolvent, or a receiver of the Trustee or the Certificate Administrator or of its
property shall be appointed, or any public officer shall take charge or control of the Trustee or Certificate Administrator or
of its property or affairs for the purpose of rehabilitation, conservation or liquidation, or if the Trustee or Certificate Administrator
(if different than the Trustee) shall fail (other than by reason of the failure of either the Master Servicer or the Special Servicer
to timely perform its obligations hereunder or as a result of other circumstances beyond the Trustee’s or Certificate

 

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Administrator’s,
as applicable, reasonable control), to timely publish any report to be delivered, published or otherwise made available by the
Certificate Administrator pursuant to Section 4.02 and such failure shall continue unremedied for a period of five
(5) days, or if the Certificate Administrator fails to make distributions required pursuant to Section 4.01 or Section 9.01,
then the Depositor may remove the Trustee or Certificate Administrator, as applicable, and appoint a successor trustee or certificate
administrator acceptable to the Master Servicer, by written instrument, in duplicate, which instrument shall be delivered to the
Trustee or Certificate Administrator so removed and to the successor trustee or certificate administrator in the case of the removal
of the Trustee or Certificate Administrator. A copy of such instrument shall be delivered to the Master Servicer, the Special
Servicer and the Certificateholders by the Depositor. If no successor trustee or certificate administrator has accepted an appointment
within ninety (90) days after the giving of notice of removal, the removed trustee or certificate administrator, as applicable,
may petition any court of competent jurisdiction to appoint a successor trustee or certificate administrator, as applicable, and
such petition shall be an expense of the Trust. In the event of any such termination with cause pursuant to this Section 8.07(b),
the successor trustee or certificate administrator, as applicable, shall be responsible for all costs and expenses necessary to
effect the transfer of responsibilities from its predecessor.

 

(c)          The Holders of Certificates entitled to at least 50% of the Voting Rights may at any time upon thirty (30) days’ prior written
notice, with or without cause, remove the Trustee or Certificate Administrator and appoint a successor trustee or certificate
administrator by written instrument or instruments, in triplicate, signed by such Holders or their attorneys-in-fact duly authorized,
one complete set of which instruments shall be delivered to the Master Servicer, one complete set to the Trustee or Certificate
Administrator so removed and one complete set to the successor so appointed. A copy of such instrument shall be delivered to the
Depositor, the Special Servicer and the remaining Certificateholders by the Master Servicer. In the event of any such termination
without cause pursuant to this Section 8.07(c), the successor trustee or certificate administrator, as applicable,
shall be responsible for all costs and expenses necessary to effect the transfer of responsibilities from its predecessor.

 

(d)          Any resignation or removal of the Trustee or Certificate Administrator and appointment of a successor trustee or certificate administrator
pursuant to any of the provisions of this Section 8.07 shall not become effective until (i) acceptance of appointment
by the successor trustee or certificate administrator as provided in Section 8.08 and (ii) the Certificate Administrator
shall have filed any required Form 8-K pursuant to Section 11.07 hereof and any other Form 8-K filings have been completed
with respect to any related Companion Loan.

 

If
the same party is acting as Trustee and Certificate Administrator pursuant to this Agreement, any removal of either such party
in its capacity as Trustee or Certificate Administrator, as applicable, shall also result in such party’s removal in its
capacity as Trustee or Certificate Administrator, as applicable, and the Depositor shall appoint a successor certificate administrator
and a successor trustee, in each instance meeting the eligibility requirements set forth hereunder.

 

Upon
any succession of the Trustee or Certificate Administrator under this Agreement, the predecessor Trustee or Certificate Administrator
shall be entitled to the payment of accrued and unpaid compensation and reimbursement as provided for under this Agreement

 

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for
services rendered and expenses incurred (including without limitation, unreimbursed Advances). No Trustee or Certificate Administrator
shall be personally liable for any action or omission of any successor trustee or certificate administrator.

 

(e)           Upon the resignation, assignment, merger, consolidation, or transfer of the Trustee or its business to a successor, or upon the
termination of the Trustee, (a) the outgoing Trustee shall (i) endorse the original executed Mortgage Note for each
Mortgage Loan (and the Trust Subordinate Companion Loan, if applicable) (to the extent that the original executed Mortgage Note
for each Mortgage Loan (and the Trust Subordinate Companion Loan, if applicable) was endorsed to the outgoing trustee), without
recourse, representation or warranty, express or implied, to the order of the successor, as trustee for the registered Holders
of Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 or in blank, and (ii) in
the case of the other assignable Mortgage Loan documents (to the extent such other Mortgage Loan documents were assigned to the
outgoing trustee), assign such Mortgage Loan documents to such successor, and such successor shall review the documents delivered
to it or to the Custodian with respect to each Mortgage Loan (and the Trust Subordinate Companion Loan, if applicable), and certify
in writing that, as to each Mortgage Loan (and the Trust Subordinate Companion Loan, if applicable) then subject to this Agreement,
such endorsement and assignment has been made; (b) if any original executed Mortgage Note for a Mortgage Loan (and the Trust
Subordinate Companion Loan, if applicable) was not endorsed to the outgoing trustee, the Custodian shall, upon its receipt of
a Request for Release, deliver such Mortgage Note to the Depositor or the successor trustee, as requested, and the Master Servicer
and the Depositor shall cooperate with any successor trustee to ensure that such Mortgage Note is endorsed (without recourse,
representation or warranty, express or implied) to the order of the successor, as trustee for the registered Holders of Benchmark
2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 or in blank; provided, however,
that, notwithstanding anything to the contrary herein, to the extent any such endorsement of such Mortgage Note requires the signature
of the related Mortgage Loan Seller in order to comply with the foregoing, then the Master Servicer shall use reasonable efforts
to cause the related Mortgage Loan Seller to execute such endorsement; (c) if any other assignable Mortgage Loan or Trust
Subordinate Companion Loan document was not assigned to the outgoing trustee, the Custodian shall, upon its receipt of a Request
for Release, deliver such Mortgage Loan or Trust Subordinate Companion Loan document to the Depositor or the successor trustee,
as requested, and the Master Servicer and the Depositor shall cooperate with any successor trustee to ensure that such Mortgage
Loan or Trust Subordinate Companion Loan document is assigned to such successor trustee; and (d) in any case, such successor
trustee shall review the documents delivered to it or to the Custodian with respect to each Mortgage Loan (and the Trust Subordinate
Companion Loan, if applicable), and certify in writing that, as to each Mortgage Loan (and the Trust Subordinate Companion Loan,
if applicable) then subject to this Agreement, such endorsements and assignments have been made or, in the event such endorsement
or assignment cannot be made for any reason, to note the same in such certification.

 

(f)            Neither the Asset Representations Reviewer nor any of its Affiliates may be appointed as successor trustee or certificate administrator.

 

Section 8.08      
Successor Trustee or Certificate Administrator. (a)  Any successor trustee or certificate administrator appointed
as provided in Section 8.07 shall execute, 

 

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acknowledge
and deliver to the Depositor, the Master Servicer, the Special Servicer and to its predecessor Trustee or Certificate Administrator
an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor Trustee or Certificate
Administrator shall become effective and such successor trustee or certificate administrator without any further act, deed or
conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder, with the
like effect as if originally named as Trustee or Certificate Administrator herein. The predecessor Trustee shall deliver to the
successor trustee all Mortgage Files and related documents and statements held by it hereunder (other than any Mortgage Files
at the time held on its behalf by a Custodian, which Custodian, at Custodian’s option shall become the agent of the successor
trustee), and the Depositor, the Master Servicer, the Special Servicer and the predecessor Trustee shall execute and deliver such
instruments and do such other things as may reasonably be required to more fully and certainly vest and confirm in the successor
trustee all such rights, powers, duties and obligations, and to enable the successor trustee to perform its obligations hereunder.

 

(b)          No successor trustee or successor certificate administrator shall, as applicable, accept appointment as provided in this Section 8.08
unless at the time of such acceptance such successor trustee or successor certificate administrator, as applicable, shall
be eligible under the provisions of Section 8.06.

 

(c)          Upon acceptance of appointment by a successor trustee or successor certificate administrator as provided in this Section 8.08,
the Master Servicer shall deliver notice of the succession of such Trustee or Certificate Administrator, as applicable, to the
Depositor and the Certificateholders. If the Master Servicer fails to deliver such notice within ten (10) days after acceptance
of appointment by the successor trustee or successor certificate administrator, as applicable, such successor trustee or successor
certificate administrator shall cause such notice to be delivered at the expense of the Master Servicer.

 

Section 8.09      
Merger or Consolidation of Trustee or Certificate Administrator. Any Person into which the Trustee or the Certificate Administrator
may be merged or converted or with which it may be consolidated or any Person resulting from any merger, conversion or consolidation
to which the Trustee or the Certificate Administrator shall be a party, or any Person succeeding to all or substantially all of
the corporate trust business of the Trustee or the Certificate Administrator shall be the successor of the Trustee or the Certificate
Administrator, as applicable, hereunder; provided that, in the case of the Trustee, such successor person shall be eligible
under the provisions of Section 8.06, without the execution or filing of any paper or any further act on the part
of any of the parties hereto, anything herein to the contrary notwithstanding. The Certificate Administrator shall post such notice
to the Certificate Administrator’s Website in accordance with Section 3.13(b) and shall provide notice of such
event to the Master Servicer, the Special Servicer, the Depositor and the 17g-5 Information Provider, which shall post such notice
to the 17g-5 Information Provider’s Website in accordance with Section 3.13(c).

 

Section 8.10      
Appointment of Co-Trustee or Separate Trustee. (a)  Notwithstanding any other provisions hereof, at any
time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Fund or property securing
the same may at the time be located or for enforcement actions or where a conflict of interest

 

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exists,
the Master Servicer and the Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint
one or more Persons approved by the Trustee to act as co-trustee or co-trustees, jointly with the Trustee, or separate trustee
or separate trustees, of all or any part of the Trust Fund, and to vest in such Person or Persons, in such capacity, such title
to the Trust, or any part thereof, and, subject to the other provisions of this Section 8.10, such powers, duties,
obligations, rights and trusts as the Master Servicer and the Trustee may consider necessary or desirable. If the Master Servicer
shall not have joined in such appointment within fifteen (15) days after the receipt by it of a request to do so, or in case a
Servicer Termination Event shall have occurred and be continuing, the Trustee alone shall have the power to make such appointment.
No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 8.06
hereunder and no notice to Holders of Certificates of the appointment of co-trustee(s) or separate trustee(s) shall be required
under Section 8.08 hereof. All co-trustee fees shall be payable out of the Trust Fund.

 

(b)         In the case of any appointment of a co-trustee or separate trustee pursuant to this Section 8.10, all rights, powers,
duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by
the Trustee and such separate trustee or co-trustee jointly, except to the extent that under any law of any jurisdiction in which
any particular act or acts are to be performed (whether as Trustee hereunder or as successor to the Master Servicer or the Special
Servicer hereunder), the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights,
powers, duties and obligations (including the holding of title to the Trust or any portion thereof in any such jurisdiction) shall
be exercised and performed by such separate trustee or co-trustee at the direction of the Trustee.

 

(c)          Any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees
and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall
refer to this Agreement and the conditions of this Article VIII. Each separate trustee and co-trustee, upon its acceptance
of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly
with the Trustee or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including
every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee.
Every such instrument shall be filed with the Trustee.

 

(d)          Any separate trustee or co-trustee may, at any time, constitute the Trustee, its agent or attorney-in-fact, with full power and
authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in
its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates,
properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without
the appointment of a new or successor trustee.

 

(e)          The appointment of a co-trustee or separate trustee under this Section 8.10 shall not relieve the Trustee of its duties
and responsibilities hereunder.

 

Section 8.11      
Appointment of Custodians. The Certificate Administrator is hereby appointed as the Custodian to hold all or a portion
of the Mortgage Files. The Custodian

 

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shall
be a depository institution subject to supervision by federal or state authority, shall have combined capital and surplus of at
least $15,000,000 and shall be qualified to do business in the jurisdiction in which it holds any Mortgage File. The Custodian
shall be subject to the same obligations and standard of care as would be imposed on the Certificate Administrator hereunder in
connection with the retention of Mortgage Files directly by the Certificate Administrator. Upon termination or resignation of
the Custodian, the Certificate Administrator may appoint another Custodian meeting the foregoing requirements. The appointment
of one or more Custodians by the Certificate Administrator shall not relieve the Certificate Administrator from any of its obligations
hereunder, and the Certificate Administrator shall remain responsible for all acts and omissions of any Custodian other than the
initial Custodian. Any Custodian appointed hereunder must maintain a fidelity bond and errors and omissions policy in an amount
customary for Custodians which serve in such capacity in commercial mortgage loan securitization transactions, or may self-insure.

 

Section 8.12      
Representations and Warranties of the Trustee. The Trustee hereby represents and warrants to the Depositor, the Master
Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, each Serviced Companion Noteholder
and the Certificate Administrator for the benefit of the Certificateholders, as of the Closing Date, that:

 

(i)        The
Trustee is a national banking association, duly organized, validly existing and in good standing under the laws of the United
States of America;

 

(ii)       The
execution and delivery of this Agreement by the Trustee, and the performance and compliance with the terms of this Agreement by
the Trustee, will not violate the Trustee’s charter and by-laws or constitute a default (or an event which, with notice
or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or other instrument
to which it is a party or which is applicable to it or any of its assets;

 

(iii)      The
Trustee has the full power and authority to enter into and consummate all transactions contemplated by this Agreement, has duly
authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement;

 

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

 

(v)       The
Trustee is not in violation of, and its execution and delivery of this Agreement and its performance and compliance with the terms
of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation
or demand of any federal, state or local governmental or regulatory

 

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authority,
which violation, in the Trustee’s good faith and reasonable judgment, is likely to affect materially and adversely the ability
of the Trustee to perform its obligations under this Agreement;

 

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

 

(vii)     No
consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery
and performance by the Trustee, or compliance by the Trustee with, this Agreement or the consummation of the transactions contemplated
by this Agreement, except for any consent, approval, authorization or order which has not been obtained or cannot be obtained
prior to the actual performance by the Trustee of its obligations under this Agreement, and which, if not obtained would not have
a materially adverse effect on the ability of the Trustee to perform its obligations hereunder; and

 

(viii)    To
its actual knowledge, the Trustee is not a Risk Retention Affiliate of the Third Party Purchaser.

 

Section 8.13      
Provision of Information to Certificate Administrator, Master Servicer and Special Servicer. The Master Servicer shall
promptly, upon request, provide the Special Servicer and the Certificate Administrator with notice of any change in the identity
and/or contact information of any Serviced Companion Noteholder (to the extent it receives written notice of such change). The
Certificate Administrator, Master Servicer and Special Servicer may each conclusively rely on the information provided to them
regarding identity and/or contact information regarding any Serviced Companion Noteholder, and the Certificate Administrator,
Master Servicer and Special Servicer, as applicable, shall have no liability for notices not sent to the correct Serviced Companion
Noteholders or any obligation to determine the identity and/or contact information of the Serviced Companion Noteholders to the
extent updated or correct information regarding the holders of any of the Serviced Companion Noteholders or the most recent identity
and/or contact information regarding any of the Serviced Companion Noteholders has not been provided to the Certificate Administrator,
Master Servicer or Special Servicer, as applicable.

 

Section 8.14      
Representations and Warranties of the Certificate Administrator. The Certificate Administrator hereby represents and warrants
to the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, each Serviced
Companion Noteholder, and the Trustee, for the benefit of the Certificateholders, as of the Closing Date, that:

 

(i)        The
Certificate Administrator is a national banking association duly organized under the laws of the United States of America, duly
organized, validly existing and in good standing under the laws thereof;

 

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(ii)       The
execution and delivery of this Agreement by the Certificate Administrator, and the performance and compliance with the terms of
this Agreement by the Certificate Administrator, will not violate the Certificate Administrator’s charter and by-laws or
constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in
the breach of, any material agreement or other instrument to which it is a party or which is applicable to it or any of its assets;

 

(iii)      The
Certificate Administrator has the full power and authority to enter into and consummate all transactions contemplated by this
Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;

 

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

 

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

 

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

 

(vii)     No
consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery
and performance by the Certificate Administrator, or compliance by the Certificate Administrator with, this Agreement or the consummation
of the transactions contemplated by this Agreement, except for any consent, approval, authorization or order which has not been
obtained or cannot be obtained prior to the actual performance by the Certificate Administrator of its obligations under this
Agreement, and which, if not obtained would not have a materially adverse effect on the ability of the Certificate Administrator
to perform its obligations hereunder.

 

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(viii)    To
its actual knowledge, the Certificate Administrator is not a Risk Retention Affiliate of the Third Party Purchaser.

 

Section 8.15      
Compliance with the PATRIOT Act. In order to comply with the laws, rules, regulations and executive orders in effect from
time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering
(“Applicable Laws”), each of the Trustee, the Certificate Administrator, the Special Servicer and the Master
Servicer is required to obtain, verify and record certain information relating to individuals and entities which maintain a business
relationship with the Trustee, the Certificate Administrator, the Special Servicer or the Master Servicer, as applicable. Accordingly,
each of the parties to this Agreement agrees to provide to the Trustee, the Certificate Administrator, the Special Servicer and
the Master Servicer, upon its respective reasonable request from time to time such identifying information and documentation as
may be available for such party in order to enable the Trustee, the Certificate Administrator, the Special Servicer and the Master
Servicer to comply with Applicable Laws.

 

[End
of Article VIII]

 

Article IX

TERMINATION

 

Section 9.01      
Termination upon Repurchase or Liquidation of All Mortgage Loans. Subject to this Section 9.01 and Section 9.02,
the Trust and the respective obligations and responsibilities under this Agreement of the Certificate Administrator (other than
(i) any obligations of the parties hereto under this Article IX, (ii) the obligations of the Certificate Administrator to provide
for and make payments to Certificateholders as hereafter set forth and (iii) the indemnification rights and obligations of the
parties hereto), the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer
and the Trustee, shall terminate upon payment (or provision for payment) to the Certificateholders of all amounts held by the
Certificate Administrator and required hereunder to be so paid on the Distribution Date following the earlier to occur of (i) the
final payment (or related Advance) or other liquidation of the last Mortgage Loan, Trust Subordinate Companion Loan and REO Property
(as applicable) subject hereto, (ii) the purchase or other liquidation by the Holders of the majority of the Controlling
Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates, in that order of priority, of
all the Mortgage Loans, the Trust Subordinate Companion Loan and the Trust’s portion of each REO Property remaining in the
Trust Fund at a price equal to (a) the sum of (1) the aggregate Purchase Price of all the Mortgage Loans and the Trust
Subordinate Companion Loan (exclusive of REO Loans) included in the Trust Fund, (2) the Appraised Value of the Trust’s
portion of each REO Property, if any, included in the Trust Fund (such Appraisals in clause (a)(2) to be conducted
by an Independent MAI-designated appraiser selected by the Master Servicer, and approved by more than 50% of the Voting Rights
of the Classes of Certificates then outstanding (other than the Controlling Class unless the Controlling Class is the only Class
of Certificates then outstanding)) (which approval shall be deemed given unless more than 50% of such Certificateholders object
within twenty (20) days of receipt of notice thereof), (3) the reasonable out-of-pocket expenses of the Master Servicer with
respect to such termination, unless the Master Servicer is the purchaser of

 

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such
Mortgage Loans or Trust Subordinate Companion Loan and (4) if a Mortgaged Property secures a Non-Serviced Mortgage Loan and is
an “REO property” under the terms of the related Non-Serviced PSA, the pro rata portion of the fair market
value of the related Mortgaged Property, as determined by the Non-Serviced Master Servicer in accordance with clause (2)
above, minus (b) solely in the case where the Master Servicer is exercising such purchase right, the aggregate amount
of unreimbursed Advances, together with any interest accrued and payable to the Master Servicer in respect of such Advances in
accordance with Sections  3.03(d) and 4.03(d) and any unpaid Servicing Fees, remaining outstanding and payable
solely to the Master Servicer (which items shall be deemed to have been paid or reimbursed to the Master Servicer in connection
with such purchase) or (iii) so long as the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5
Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are no longer outstanding,
the voluntary exchange by the Sole Certificateholder of all the outstanding Certificates (other than the Class R and Class
S Certificates) for the remaining Mortgage Loans, Trust Subordinate Companion Loan and REO Properties in the Trust Fund pursuant
to the terms of the immediately succeeding paragraph; provided, however, that in no event shall the Trust created
hereby continue beyond the expiration of twenty-one (21) years from the death of the last survivor of the descendants of Joseph
P. Kennedy, the late ambassador of the United States to the Court of St. James’s, living on the date hereof. Upon termination
of the Trust pursuant to clause (i) of the immediately preceding sentence, the Custodian shall release or cause to be released
to the Servicer, at the address provided in Section 13.05 of this Agreement or to such other address designated by the Servicer
in writing, any Mortgage Files remaining in its possession.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S,
Class B, Class C, Class D and Class E Certificates are retired (and provided that there is only one Holder
(or multiple Holders acting in unanimity) of the then outstanding Certificates (other than the Class R and Class S Certificates)),
the Sole Certificateholder shall have the right, with the consent of the Master Servicer, to exchange all of its Certificates
(other than the Class R and Class S Certificates) for all of the Mortgage Loans, Trust Subordinate Companion Loan and each
REO Property remaining in the Trust Fund as contemplated by clause (iii) of the first paragraph of this Section 9.01
by giving written notice to all the parties hereto no later than sixty (60) days prior to the anticipated date of exchange.
In the event that the Sole Certificateholder elects to exchange all of its Certificates (other than the Class R and Class
S Certificates) for all of the Mortgage Loans, Trust Subordinate Companion Loan and the Trust’s portion of each REO Property
remaining in the Trust in accordance with the preceding sentence, such Sole Certificateholder, not later than the Distribution
Date on which the final distribution on the Certificates is to occur, shall deposit in the Collection Account an amount in immediately
available funds equal to all amounts due and owing to the Depositor, the Master Servicer, the Special Servicer, the Trustee and
the Certificate Administrator hereunder through the date of the liquidation of the Trust that may be withdrawn from the Collection
Account, or an escrow account acceptable to the respective parties hereto, pursuant to Section 3.05(a) or that may
be withdrawn from the Distribution Account pursuant to Section 3.05(a), but only to the extent that such amounts are
not already on deposit in the Collection Account. In addition, the Master Servicer shall transfer all amounts required to be transferred
to the Lower-Tier REMIC Distribution Account and the Excess Interest Distribution Account on the Master Servicer Remittance Date
related to such Distribution Date in which the final distribution on the Certificates is to occur from the Collection Account
pursuant to the first paragraph of Section 3.04(b) (provided, however, that if a Serviced Whole Loan
is secured by

 

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REO
Property, the portion of the above-described purchase price allocable to such Trust’s portion of REO Property shall initially
be deposited into the related REO Account). Upon confirmation that such final deposits have been made and following the surrender
of all its Certificates (other than the Class R and Class S Certificates) on the applicable Distribution Date, the Custodian
shall, upon receipt of a Request for Release from the Master Servicer, release or cause to be released to the Sole Certificateholder
or any designee thereof, the Mortgage Files for the remaining Mortgage Loans and the Trust Subordinate Companion Loan and shall
execute all assignments, endorsements and other instruments furnished to it by the Sole Certificateholder as shall be necessary
to effectuate transfer of the Mortgage Loans, Trust Subordinate Companion Loan and REO Properties remaining in the Trust Fund,
and the Trust shall be liquidated in accordance with Section 9.02. Solely for federal income tax purposes, the Sole
Certificateholder shall be deemed to have purchased the assets of the Lower-Tier REMIC for an amount equal to the remaining Certificate
Balance of the Principal Balance Certificates, plus accrued, unpaid interest with respect thereto, and the Certificate Administrator
shall credit such amounts against amounts distributable in respect of such Certificates and Related Lower-Tier Regular Interests.
If the 225 Bush Whole Loan (or any related REO Loan) is an asset of the Trust, (i) if the Mortgaged Property securing the 225
Bush Whole Loan has become an REO Property, then the Sole Certificateholder exercising the exchange described above, as a prerequisite,
shall designate a nominee to hold title to such REO Property on behalf of the purchaser and the holders of the Loan-Specific Certificates
and (ii) if the Mortgaged Property securing the 225 Bush Whole Loan is not an REO Property, then the Custodian shall, upon receipt
of a Request for Release from the Master Servicer, release or cause to be released to the Sole Certificateholder or any designee
thereof, the Mortgage Note for the related Trust Subordinate Companion Loan, and shall execute all assignments, endorsements and
other instruments furnished to it by the Sole Certificateholder as shall be necessary to effectuate transfer of such Mortgage
Note and the Trust Subordinate Companion Loan REMIC shall be liquidated in accordance with the procedures set forth in Section
9.02 and neither of the Master Servicer nor the Special Servicer shall have any further obligation to service such Trust Subordinate
Companion Loan hereunder.

 

The
obligations and responsibilities under this Agreement of the Depositor, the Master Servicer, the Special Servicer, the Trustee,
the Certificate Administrator and the Companion Paying Agent shall terminate with respect to any Companion Loan to the extent
(i) its related Serviced Mortgage Loan has been paid in full or is no longer part of the Trust Fund and (ii) no amounts
payable by the related Companion Holder to or for the benefit of the Trust or any party hereto in accordance with the related
Intercreditor Agreement remain due and owing.

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R
Certificates, in that order of priority, may, at their option, elect to purchase all of the Mortgage Loans (and all property acquired
through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate Companion Loan and the Trust’s
portion of each REO Property remaining in the Trust Fund as contemplated by clause (ii) of the first paragraph of
this Section 9.01 by giving written notice to the Trustee, the Certificate Administrator, and the other parties hereto
no later than sixty (60) days prior to the anticipated date of purchase; provided, however, that the Holders of
the Controlling Class, the Special Servicer, the Master Servicer, or the Holders of the Class R Certificates may so elect
to purchase all of the Mortgage Loans, the Trust Subordinate Companion Loan and the Trust’s portion of each REO Property
remaining in the Trust Fund only on or after the first Distribution

 

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Date
on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less
than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans as set forth in the Preliminary Statement. This purchase
shall terminate the Trust and retire the then-outstanding Certificates. In the event that the Master Servicer or the Special Servicer
purchases, or the Holders of the majority of the Controlling Class or the Holders of the Class R Certificates purchase, all
of the Mortgage Loans, the Trust Subordinate Companion Loan and the Trust’s portion of each REO Property remaining in the
Trust Fund in accordance with the preceding sentence, the Master Servicer, the Special Servicer, the Holders of the majority of
the Controlling Class or the Holders of the Class R Certificates, as applicable, shall deposit in the Lower-Tier REMIC Distribution
Account not later than the Master Servicer Remittance Date relating to the Distribution Date on which the final distribution on
the Certificates is to occur, an amount in immediately available funds equal to the above-described purchase price (exclusive
of any portion thereof payable to any Person other than the Certificateholders pursuant to Section 3.05(a), which
portion shall be deposited in the Collection Account). In addition, the Master Servicer shall transfer to the Lower-Tier REMIC
Distribution Account and the Excess Interest Distribution Account all amounts required to be transferred thereto on such Master
Servicer Remittance Date from the Collection Account pursuant to the first paragraph of Section 3.04(b), together
with any other amounts on deposit in the Collection Account that would otherwise be held for future distribution. Upon confirmation
that such final deposits and payments have been made, the Custodian shall release or cause to be released to the Master Servicer,
the Special Servicer, the Holders of the majority of the Controlling Class or the Holders of the Class R Certificates, as
applicable, the Mortgage Files for the remaining Mortgage Loans and the Trust Subordinate Companion Loan and shall execute all
assignments, endorsements and other instruments furnished to it by the Master Servicer, the Special Servicer, the Holders of the
majority of the Controlling Class or the Holders of the Class R Certificates, as applicable, as shall be necessary to effectuate
transfer of the Mortgage Loans, Trust Subordinate Companion Loan and REO Properties remaining in the Trust Fund.

 

For
purposes of this Section 9.01, the Holders of the majority of the Controlling Class shall have the first option to
terminate the Upper-Tier REMIC and Lower-Tier REMIC, then the Special Servicer, then the Master Servicer, and then the Holders
of the Class R Certificates. For purposes of this Section 9.01, the Directing Certificateholder with the consent
of the Holders of the Controlling Class, shall act on behalf of the Holders of the Controlling Class in purchasing the assets
of the Trust and terminating the Trust.

 

Notice
of any termination pursuant to this Section 9.01 shall be given promptly by the Certificate Administrator by letter
to the Certificateholders, the Loan-Specific Directing Certificateholder each Serviced Companion Noteholder and the 17g-5 Information
Provider in accordance with the provisions of Section 3.13(c) (who shall promptly post a copy of such additional notice
on the 17g-5 Information Provider’s Website in accordance with the provisions of Section 3.13(c)) and, if not
previously notified pursuant to this Section 9.01, to the other parties hereto mailed (a) in the event such notice
is given in connection with the purchase of all of the Mortgage Loans, Trust Subordinate Companion Loan and each REO Property
remaining in the Trust Fund, not earlier than the 15th day and not later than the 25th day of the month next preceding the month
of the final distribution on the Certificates, or (b) otherwise during the month of such final distribution on or before
the P&I Advance Determination Date in such month, in each case specifying (i) the Distribution Date upon which the Trust
will terminate and

 

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final
payment of the Certificates will be made, (ii) the amount of any such final payment and (iii) that the Record Date otherwise
applicable to such Distribution Date is not applicable, payments being made only upon presentation and surrender of the Certificates
at the offices of the Certificate Registrar or such other location therein designated.

After transferring
the Lower-Tier Distribution Amount and the Trust Subordinate Companion Loan REMIC Distribution Amount, as applicable, and the amount
of any Prepayment Premiums and Yield Maintenance Charges distributable to the Regular Certificates pursuant to Section 4.01(f)
to the Upper-Tier REMIC Distribution Account, in each case pursuant to Section 3.04(b) and upon presentation and surrender
of the Certificates by the Certificateholders on the final Distribution Date, the Certificate Administrator shall distribute to
each Certificateholder so presenting and surrendering its Certificates (i) such Certificateholder’s Percentage Interest
of that portion of the amounts then on deposit in the Upper-Tier REMIC Distribution Account that are allocable to payments on the
Class of Certificates so presented, (ii) any remaining amounts of Prepayment Premiums and Yield Maintenance Charges distributable
to the Holders of the Class X-A, Class X-B and Class X-D Certificates pursuant to Section 4.01(f), (iii) to the Holders
of the Class S Certificates so presented, any remaining amounts on deposit in the Excess Interest Distribution Account, and (iv) any
remaining amount shall be distributed to the Class R Certificates in respect of the Class LR Interest or the Class UR
Interest, as applicable. Amounts transferred from the Trust Subordinate Companion Loan REMIC Distribution Account or Lower-Tier
REMIC Distribution Account to the Upper-Tier REMIC Distribution Account as of the final Distribution Date, shall be distributed
in termination and liquidation of the Trust Subordinate Companion Loan REMIC Regular Interests and the Class 225B-R Interest, or
Lower-Tier Regular Interests and the Class LR Interest in accordance with Sections 4.01(a), 4.01(b), 4.01(f) and
4.01(g). Any funds not distributed on such Distribution Date shall be set aside and held uninvested in trust for the benefit of
the Certificateholders not presenting and surrendering their Certificates in the aforesaid manner and shall be disposed of in accordance
with this Section 9.01 and Section 4.01(i).

 

Section 9.02      
Additional Termination Requirements. In the event the Master Servicer or the Special Servicer purchases, or the Holders
of the Controlling Class or the Holders of the Class R Certificates purchase, all of the Mortgage Loans, Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund as provided in Section 9.01,
or in the event Holders of the Loan-Specific Certificates exchange their Certificates for the Trust Subordinate Companion Loan,
the Upper-Tier REMIC and Lower-Tier REMIC or the Trust Subordinate Companion Loan REMIC, as applicable, shall be terminated in
accordance with the following additional requirements, which meet the definition of a “qualified liquidation” in Section 860F(a)(4)
of the Code:

 

(i)        the
Certificate Administrator shall specify the date of adoption of the plan of complete liquidation (which shall be the date of mailing
of the notice specified in Section 9.01) in a statement attached to each of the related Trust REMICs’ final
Tax Returns pursuant to Treasury Regulations Section 1.860F-1;

 

(ii)       during
the 90-day liquidation period and at or prior to the time of the making of the final payment on the Certificates, the Certificate
Administrator on behalf of the Trustee shall sell all of the assets of the related Trust REMICs to the Master

 

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Servicer,
the Special Servicer, the Holders of the Controlling Class or the Holders of the Class R Certificates, as applicable, for
cash; and

 

(iii)      within
such 90-day liquidation period and immediately following the making of the final payment on the Lower-Tier Regular Interests and
the Certificates, the Certificate Administrator shall distribute or credit, or cause to be distributed or credited, to the Holders
of the Class R Certificates in respect of the Class LR Interest (in the case of the Lower-Tier REMIC) and in respect
of the Class UR Interest (in the case of the Upper-Tier REMIC) and in respect of the Class 225B-R Interest (in the case of
the Trust Subordinate Companion Loan REMIC) all cash on hand (other than cash retained to meet claims), and the Trust (if applicable)
or the related Trust REMIC(s) shall terminate at that time.

 

[End
of Article IX]

 

Article X

ADDITIONAL REMIC PROVISIONS

 

Section 10.01  
REMIC Administration. (a)  The Certificate Administrator shall make elections or cause elections to be made to
treat each Trust REMIC as a REMIC under the Code and, if necessary, under Applicable State and Local Tax Law. Each such election
will be made on Form 1066 or other appropriate federal tax return for the taxable year ending on the last day of the calendar
year in which the Lower-Tier Regular Interests, the Trust Subordinate Companion Loan REMIC Regular Interests and the Certificates
are issued. For the purposes of the REMIC election in respect of the Upper-Tier REMIC, each Class of the Regular Certificates
shall be designated as a class of “regular interests” and the Class UR Interest shall be designated as the sole
class of “residual interests” in the Upper-Tier REMIC. For purposes of the REMIC election in respect of the Lower-Tier
REMIC, each Class of Lower-Tier Regular Interests shall be designated as a class of “regular interests” and the Class LR
Interest shall be designated as the sole class of “residual interests” in the Lower-Tier REMIC. For purposes of the
REMIC election in respect of the Trust Subordinate Companion Loan REMIC, the Trust Subordinate Companion Loan REMIC Regular Interests
shall be designated as the “regular interests” and the Class 225B-R Interest shall be designated as the sole class
of “residual interests” in the Trust Subordinate Companion Loan REMIC. None of the Special Servicer, the Master Servicer
or the Trustee shall permit the creation of any “interests” (within the meaning of Section 860G of the Code)
in any Trust REMIC other than the foregoing interests.

 

(b)         The Closing Date is hereby designated as the “startup day” (“Startup Day”) of each Trust REMIC
within the meaning of Section 860G(a)(9) of the Code.

 

(c)         The Certificate Administrator shall act on behalf of each Trust REMIC in relation to any tax matter or controversy involving either
such REMIC and shall represent each such REMIC in any administrative or judicial proceeding relating to an examination or audit
by any governmental taxing authority with respect thereto. The legal expenses, including without limitation attorneys’ or
accountants’ fees, and costs of any such proceeding and any liability resulting therefrom shall be expenses of the Trust
and the Certificate Administrator shall be

 

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entitled
to reimbursement therefor out of amounts attributable to the Mortgage Loans, the Trust Subordinate Companion Loan and any REO
Properties on deposit in the Collection Account as provided by Section 3.05(a) unless such legal expenses and costs
are incurred by reason of the Certificate Administrator’s willful misconduct, bad faith or negligence. The Holder of the
Class R Certificates agree that: the Certificate Administrator shall be designated as the “partnership representative”
(within the meaning of section 6223 of the Code) of each Trust REMIC. By their acceptance thereof, the Holders of the Class R
Certificates hereby agree to such appointment and designation.

 

(d)          The Certificate Administrator shall prepare or cause to be prepared and shall file, or cause to be filed, all of the Tax Returns
that it determines are required with respect to each Trust REMIC created hereunder, and shall cause the Trustee to sign (and the
Trustee shall timely sign) such Tax Returns in a timely manner. The ordinary expenses of preparing such returns shall be borne
by the Certificate Administrator without any right of reimbursement therefor.

 

(e)          The Certificate Administrator shall provide or cause to be provided (i) to any Transferor of a Class R Certificate such
information as is necessary for the application of any tax relating to the transfer of such Class R Certificate to any Person
who is a Disqualified Organization, or in the case of a Transfer to an agent thereof, to such agent, (ii) to the Certificateholders
such information or reports as are required by the Code or the REMIC Provisions including reports relating to interest, original
issue discount and market discount or premium (using the Prepayment Assumption) and (iii) to the Internal Revenue Service
a Form 8811, within thirty (30) days after the Closing Date. The Certificate Administrator shall prepare, and the Trustee
shall sign, the Form 8811.

 

(f)           The Certificate Administrator shall take such actions and shall cause the Trust to take such actions as are reasonably within
the Certificate Administrator’s control and the scope of its duties more specifically set forth herein as shall be necessary
to maintain the status of each Trust REMIC as a REMIC under the REMIC Provisions and the Trustee shall assist the Certificate
Administrator to the extent reasonably requested by the Certificate Administrator to do so. Neither the Master Servicer nor the
Special Servicer shall knowingly or intentionally take any action, cause the Trust to take any action or fail to take (or fail
to cause to be taken) any action reasonably within its control and the scope of duties more specifically set forth herein, that,
under the REMIC Provisions, if taken or not taken, as the case may be, could (i) cause any Trust REMIC to fail to qualify
as a REMIC or (ii) result in the imposition of a tax upon any Trust REMIC or the Trust (including but not limited to the
tax on “prohibited transactions” as defined in Section 860F(a)(2) of the Code and the tax on contributions to
a REMIC set forth in Section 860G(d) of the Code, but not including the tax on “net income from foreclosure property”)
(either such event, an “Adverse REMIC Event”) unless the Certificate Administrator receives an Opinion of Counsel
(at the expense of the party seeking to take such action or, if such party fails to pay such expense, and the Certificate Administrator
determines that taking such action is in the best interest of the Trust and the Certificateholders, at the expense of the Trust,
but in no event at the expense of the Certificate Administrator or the Trustee) to the effect that the contemplated action will
not, with respect to the Trust or any Trust REMIC created hereunder, cause the loss of such status or, unless the Certificate
Administrator determines in its sole discretion to indemnify the Trust against such tax, result in the imposition of such a tax
(not

 

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including
a tax on “net income from foreclosure property”). The Trustee shall not take or fail to take any action (whether or
not authorized hereunder) as to which the Certificate Administrator has advised it in writing that it has received an Opinion
of Counsel to the effect that an Adverse REMIC Event could occur with respect to such action. The Certificate Administrator may
consult with counsel to make such written advice, and the cost of same shall be borne by the party seeking to take the action
not expressly permitted by this Agreement, but in no event at the expense of the Certificate Administrator or the Trustee. At
all times as may be required by the Code, the Certificate Administrator will to the extent within its control and the scope of
its duties more specifically set forth herein, maintain substantially all of the assets of each Trust REMIC as “qualified
mortgages” as defined in Section 860G(a)(3) of the Code and “permitted investments” as defined in Section 860G(a)(5)
of the Code.

 

(g)          In the event that any applicable federal, state or local tax, including interest, penalties or assessments, additional amounts
or additions to tax, is imposed on any Trust REMIC, such tax shall be charged against amounts otherwise distributable to the Holders
of the Certificates, except as provided in the last sentence of this Section 10.01(g); provided that with respect
to the estimated amount of tax imposed on any “net income from foreclosure property” pursuant to Section 860G(c)
of the Code or any similar tax imposed by a state or local tax authority, the Special Servicer shall retain in the related REO
Account a reserve for the payment of such taxes in such amounts and at such times as it shall deem appropriate (or as advised
by the Certificate Administrator in writing), and shall remit to the Master Servicer such reserved amounts as the Master Servicer
shall request in order to pay such taxes. Except as provided in the preceding sentence, the Master Servicer shall withdraw from
the Collection Account sufficient funds to pay or provide for the payment of, and to actually pay, such tax as is estimated to
be legally owed by any Trust REMIC (but such authorization shall not prevent the Certificate Administrator from contesting, at
the expense of the Trust (other than as a consequence of a breach of its obligations under this Agreement), any such tax in appropriate
proceedings, and withholding payment of such tax, if permitted by law, pending the outcome of such proceedings). The Certificate
Administrator is hereby authorized to and shall segregate, into a separate non-interest bearing account, the net income from any
“prohibited transaction” under Section 860F(a) of the Code or the amount of any taxable contribution to any Trust
REMIC after the Startup Day that is subject to tax under Section 860G(d) of the Code and use such income or amount, to the
extent necessary, to pay such prohibited transactions tax. To the extent that any such tax (other than any such tax paid in respect
of “net income from foreclosure property”) is paid to the Internal Revenue Service or applicable state or local tax
authorities, the Certificate Administrator shall retain an equal amount from future amounts otherwise distributable to the Holders
of Class R Certificates (as applicable) and shall distribute such retained amounts, (x) in the case of the Trust Subordinate
Companion Loan REMIC Regular Interests, to the Upper-Tier REMIC to the extent they are fully reimbursed for any 225 Bush Non-VRR
Realized Losses and 225 Bush VRR Realized Losses, as applicable, arising therefrom and then to the Holders of the Class R Certificates,
in the manner specified in Section 4.01(b), (y) in the case of the Lower-Tier Regular Interests, to the Upper-Tier
REMIC to the extent they are fully reimbursed for any Pooled Non-VRR Realized Losses or Pooled VRR Realized Losses, as applicable,
arising therefrom and then to the Holders of the Class R Certificates in respect of the Class LR Interest in the manner
specified in Section 4.01(c) and (z) in the case of the Upper-Tier REMIC, to the Holders of the Pooled Principal
Balance Certificates and the VRR Interest in the manner specified in Section 4.01(a), to the extent they are fully
reimbursed for any Pooled Non-

 

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VRR
Realized Losses or Pooled VRR Realized Losses, as applicable, arising therefrom and then to the Holders of the Class R Certificates
in respect of the Class UR Interest. None of the Trustee, the Certificate Administrator, the Master Servicer or the Special
Servicer shall be responsible for any taxes imposed on any Trust REMIC except to the extent such taxes arise as a consequence
of a breach of their respective obligations under this Agreement which breach constitutes willful misconduct, bad faith, or negligence
by such party.

 

(h)         The Certificate Administrator shall, for federal income tax purposes, maintain or cause to be maintained books and records with
respect to each Trust REMIC on a calendar year and on an accrual basis or as otherwise may be required by the REMIC Provisions.

 

(i)          Following the Startup Day, neither the Certificate Administrator nor the Trustee shall accept any contributions of assets to any
Trust REMIC unless the Certificate Administrator and the Trustee shall have received an Opinion of Counsel (at the expense of
the party seeking to make such contribution) to the effect that the inclusion of such assets in such Trust REMIC will not cause
an Adverse REMIC Event to occur.

 

(j)          Neither the Certificate Administrator nor the Trustee shall enter into any arrangement by which the Trust or any Trust REMIC will
receive a fee or other compensation for services nor permit the Trust or any Trust REMIC to receive any income from assets other
than “qualified mortgages” as defined in Section 860G(a)(3) of the Code or “permitted investments”
as defined in Section 860G(a)(5) of the Code.

 

(k)         Solely for the purposes of Treasury Regulations Section 1.860G-1(a)(4)(iii), the “latest possible maturity date”
of the Trust Subordinate Companion REMIC Regular Interests is the Distribution Date in November 2034, and the “latest possible
maturity date” of the Lower-Tier Regular Interests and the Regular Certificates is the Distribution Date in December 2062.

 

(l)          None of the Trustee, the Certificate Administrator, the Master Servicer or the Special Servicer, as applicable, shall sell, dispose
of or substitute for any of the Mortgage Loans or the Trust Subordinate Companion Loan (except in connection with (i) the
default, imminent default or foreclosure of a Mortgage Loan or Trust Subordinate Companion Loan, including but not limited to,
the acquisition or sale of a Mortgaged Property acquired by foreclosure or deed in lieu of foreclosure, (ii) the bankruptcy
of the Trust, (iii) the termination of the Trust pursuant to Article IX of this Agreement or (iv) a purchase
of Mortgage Loans or the Trust Subordinate Companion Loan pursuant to Article II or Article III of this
Agreement) or acquire any assets for the Trust or any Trust REMIC or sell or dispose of any investments in the Collection Account
or the REO Account for gain unless it has received an Opinion of Counsel that such sale, disposition or substitution will not
(a) affect adversely the status of any Trust REMIC as a REMIC or (b) unless the Trustee, the Certificate Administrator,
the Master Servicer or the Special Servicer, as applicable, has determined in its sole discretion to indemnify the Trust against
such tax, cause the Trust or any Trust REMIC to be subject to a tax on “prohibited transactions” pursuant to the REMIC
Provisions.

 

(m)       The Certificate Administrator’s authority under this Agreement includes the authority to make, and the Certificate Administrator
is hereby directed to make, any elections

 

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allowed
under the Code (i) to avoid the application of Section 6221 of the Code (or successor provisions) to any Trust REMIC
and (ii) to avoid payment by any Trust REMIC under Section 6225 of the Code (or successor provisions) of any tax, penalty,
interest or other amount imposed under the Code that would otherwise be imposed on any Holder of Class R Certificate, past
or present. Each Holder of Class R Certificate agrees, by acquiring such Certificate, to any such elections.

 

Section 10.02  
Use of Agents. (a)  The Trustee shall execute all of its obligations and duties under this Article X
through its Corporate Trust Office. The Trustee may execute any of its obligations and duties under this Article X
either directly or by or through agents or attorneys. The Trustee shall not be relieved of any of its duties or obligations
under this Article X by virtue of the appointment of any such agents or attorneys.

 

(b)          The Certificate Administrator may execute any of its obligations and duties under this Article X either directly or
by or through agents or attorneys. The Certificate Administrator shall not be relieved of any of its duties or obligations under
this Article X by virtue of the appointment of any such agents or attorneys.

 

Section 10.03  
Depositor, Master Servicer and Special Servicer to Cooperate with Certificate Administrator. (a)  The Depositor
shall provide or cause to be provided to the Certificate Administrator within ten (10) days after the Depositor receives a request
from the Certificate Administrator, all information or data that the Certificate Administrator reasonably determines to be relevant
for tax purposes as to the valuations and issue prices of the Certificates, including, without limitation, the price, yield, Prepayment
Assumptions and projected cash flow of the Certificates.

 

(b)          The Master Servicer and the Special Servicer shall each furnish such reports, certifications and information, and upon reasonable
notice and during normal business hours, access to such books and records maintained thereby, as may relate to the Certificates
or the Trust and as shall be reasonably requested by the Certificate Administrator in order to enable it to perform its duties
hereunder.

 

Section 10.04  
Appointment of REMIC Administrators. (a)  The Certificate Administrator may appoint at the Certificate Administrator’s
expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator in performing
the functions set forth in Section 10.01 herein. The Certificate Administrator shall cause any such REMIC Administrator
to execute and deliver to the Certificate Administrator an instrument in which REMIC Administrator shall agree to act in such
capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate
Administrator from any of its obligations hereunder, and the Certificate Administrator shall remain responsible and liable for
all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator
and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision
or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as
REMIC Administrator, the Certificate Administrator hereby agrees to act in such capacity in accordance with the terms

 

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hereof.
If Wells Fargo Bank, National Association is removed as Certificate Administrator, then Wells Fargo Bank, National Association
shall be terminated as REMIC Administrator.

 

(b)          Any Person into which any REMIC Administrator may be merged or converted or with which it may be consolidated, or any Person resulting
from any merger, conversion, or consolidation to which any REMIC Administrator shall be a party, or any Person succeeding to the
corporate agency business of any REMIC Administrator, shall continue to be the REMIC Administrator without the execution or filing
of any paper or any further act on the part of the Certificate Administrator or the REMIC Administrator.

 

(c)          Any REMIC Administrator may at any time resign by giving at least thirty (30) days’ advance written notice of resignation
to the Trustee, the Certificate Registrar, the Certificate Administrator, the Master Servicer, the Special Servicer and the Depositor.
The Certificate Administrator may at any time terminate the agency of any REMIC Administrator by giving written notice of termination
to such REMIC Administrator, the Master Servicer, the Certificate Registrar and the Depositor. Upon receiving a notice of resignation
or upon such a termination, or in case at any time any REMIC Administrator shall cease to be eligible in accordance with the provisions
of this Section 10.04, the Certificate Administrator may appoint a successor REMIC Administrator, in which case the
Certificate Administrator shall give written notice of such appointment to the Master Servicer, the Trustee and the Depositor
and shall mail notice of such appointment to all Certificateholders; provided, however, that no successor REMIC
Administrator shall be appointed unless eligible under the provisions of this Section 10.04. Any successor REMIC Administrator
upon acceptance of its appointment hereunder shall become vested with all the rights, powers, duties and responsibilities of its
predecessor hereunder, with like effect as if originally named as REMIC Administrator. No REMIC Administrator shall have responsibility
or liability for any action taken by it as such at the direction of the Certificate Administrator.

 

[End
of Article X]

 

Article XI

EXCHANGE ACT REPORTING AND REGULATION AB COMPLIANCE

 

Section 11.01  
Intent of the Parties; Reasonableness. The parties hereto acknowledge and agree that the purpose of Article XI
of this Agreement is to facilitate compliance by the Depositor (and any Other Depositor of any Other Securitization that includes
a Serviced Companion Loan) with the provisions of Regulation AB and the related rules and regulations of the Commission.
The Depositor shall not exercise its rights to request delivery of information or other performance under these provisions other
than in reasonable good faith, or for purposes other than compliance with the Securities Act, the Exchange Act, the Sarbanes-Oxley
Act and, in each case, the rules and regulations of the Commission thereunder. The parties hereto acknowledge that interpretations
of the requirements of Regulation AB may change over time, due to interpretive guidance provided by the Commission or its
staff, and agree to comply with requests made by the Depositor (or any Other Depositor or Other Trustee of any Other Securitization
that includes a Serviced Companion Loan) in good faith for delivery of information under these provisions on the basis of such
evolving interpretations of

 

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Regulation AB
(to the extent such interpretations require compliance and are not “grandfathered”). In connection with the Benchmark
2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14, and any Other Securitization subject
to Regulation AB that includes a Serviced Companion Loan, each of the Master Servicer, the Special Servicer, the Operating Advisor,
the Trustee, the Custodian and the Certificate Administrator shall cooperate fully with the Depositor and the Certificate Administrator,
and any Other Depositor, Other Trustee and Other Certificate Administrator of any Other Securitization that includes a Serviced
Companion Loan, as applicable, to deliver or make available to the Depositor or the Certificate Administrator, and any such Other
Depositor, Other Trustee or Other Certificate Administrator, as applicable (including any of its assignees or designees), any
and all statements, reports, certifications, records and any other information (in its possession or reasonably attainable) necessary
in the reasonable good faith determination of the Depositor or such Other Depositor, as applicable, to permit the Depositor or
such Other Depositor, as applicable, to comply with the provisions of Regulation AB, together with such disclosures relating
to the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Custodian, the Asset Representations Reviewer
and the Certificate Administrator, as applicable, and any Servicing Function Participant, or the servicing of the Mortgage Loans
(and the related Serviced Companion Loan, if applicable), reasonably believed by the Depositor or the related Other Depositor
to be necessary in order to effect such compliance. Each party to this Agreement shall have a reasonable period of time to comply
with any written request made under this Section 11.01, but in any event, shall, upon reasonable advance written request,
provide information in sufficient time to allow the Depositor and each Other Depositor to satisfy any related filing requirements.
For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts
to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party
in connection with such obligation.

 

Section 11.02  
Succession; Subcontractors. (a)  As a condition to the succession to the Master Servicer and Special Servicer
or to any Sub-Servicer (but only if such Sub-Servicer is a Servicing Function Participant and a servicer as contemplated by Item 1108(a)(2))
as servicer or sub-servicer under this Agreement by any Person (i) into which the Master Servicer and Special Servicer or
such Sub-Servicer may be merged or consolidated, or (ii) which may be appointed as a successor to the Master Servicer and
Special Servicer or to any such Sub-Servicer, the person removing and replacing the Master Servicer and Special Servicer shall
provide to the Depositor, the Master Servicer, the Special Servicer and the Certificate Administrator, at least fifteen (15) calendar days
prior to the effective date of such succession or appointment (or such shorter period as is agreed to by the Depositor), (x) written
notice to the Depositor of such succession or appointment and (y) in writing and in form and substance reasonably satisfactory
to the Depositor, all information relating to such successor reasonably requested by the Depositor in order to comply with its
reporting obligation under Item 6.02 of Form 8-K pursuant to the Exchange Act (if such reports under the Exchange Act
are required to be filed under the Exchange Act); provided, however that if disclosing such information prior to
such effective date would violate any applicable law or confidentiality agreement, the Master Servicer, the Special Servicer or
any Additional Servicer, as the case may be, shall submit such disclosure to the Depositor no later than the first Business Day
after the effective date of such succession or appointment.

 

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(b)         Each of the Master Servicer, the Special Servicer, the Sub-Servicer, the Trustee, the Operating Advisor, the Asset Representations
Reviewer and the Certificate Administrator (each of the Master Servicer, the Special Servicer, the Trustee, the Operating Advisor,
the Asset Representations Reviewer and the Certificate Administrator and each Sub-Servicer, for purposes of this Section 11.02,
a “Servicer”) is permitted to utilize one or more Subcontractors to perform certain of its obligations hereunder.
If such Subcontractor will be a Servicing Function Participant, such Servicer shall promptly upon written request provide to the
Depositor or any Mortgage Loan Seller (and any Other Trustee, Other Certificate Administrator and Other Depositor related to any
Other Securitization that includes a related Serviced Companion Loan) a written description (in form and substance satisfactory
to the Depositor, such Mortgage Loan Seller or such Other Trustee, Other Certificate Administrator or Other Depositor, as applicable)
of the role and function of each Subcontractor utilized by such Servicer, specifying (i) the identity of such Subcontractor
and (ii) the elements of the Servicing Criteria that will be addressed in assessments of compliance provided by each such
Subcontractor. As a condition to the utilization by such Servicer of any Subcontractor determined to be a Servicing Function Participant,
such Servicer shall (i) with respect to any such Subcontractor engaged by such Servicer that is an Initial Sub-Servicer,
use commercially reasonable efforts to cause, and (ii) with respect to any other subcontractor with which it has entered
into a servicing relationship, cause such Subcontractor used by such Servicer for the benefit of the Depositor and the Trustee
(and any Other Trustee, Other Certificate Administrator and Other Depositor related to any Other Securitization that includes
a related Serviced Companion Loan) to comply with the provisions of Section 11.10 and Section 11.11 of
this Agreement to the same extent as if such Subcontractor were such Servicer. With respect to any Servicing Function Participant
engaged by such Servicer that is an Initial Sub-Servicer, such Servicer shall be responsible for using commercially reasonable
efforts to obtain, and with respect to each other Servicing Function Participant engaged by such Servicer, such Servicer shall
obtain from each such Servicing Function Participant and deliver to the applicable Persons any assessment of compliance report
and related accountant’s attestation required to be delivered by such Subcontractor under Section 11.10 and
Section 11.11, in each case, as and when required to be delivered. For the avoidance of doubt, the Custodian shall
not be permitted to utilize any Subcontractor to perform any of its obligations hereunder.

 

(c)          Notwithstanding the foregoing, if a Servicer engages a Subcontractor, other than an Initial Sub-Servicer in connection with the
performance of any of its duties under this Agreement, such Servicer shall be responsible for determining whether such Subcontractor
is a “servicer” within the meaning of Item 1101 of Regulation AB and whether any such Subcontractor meets
the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB. If a Servicer determines, pursuant to the preceding
sentence, that such Subcontractor is a “servicer” within the meaning of Item 1101 of Regulation AB and meets
the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB, then such Subcontractor shall be deemed to be a
Sub-Servicer for purposes of this Agreement, the engagement of such Sub-Servicer shall not be effective unless and until notice
is given to the Depositor and the Certificate Administrator of any such Sub-Servicer and Sub-Servicing Agreement. Other than with
respect to the Initial Sub-Servicer, no Sub-Servicing Agreement shall be effective until fifteen (15) days after such written
notice is received by the Depositor and the Certificate Administrator (or such shorter period as is agreed to by the Depositor).
Such notice shall contain all information reasonably necessary to enable the Certificate Administrator to accurately and timely
report the event under Item 6.02 of Form 8-K

 

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pursuant
to the Exchange Act (if such reports under the Exchange Act are required to be filed under the Exchange Act).

 

(d)         In connection with the succession to the Trustee under this Agreement by any Person (i) into which the Trustee may be merged
or consolidated, or (ii) which may be appointed as a successor to the Trustee, the Trustee shall deliver written notice to
the Depositor, the Certificate Administrator and the 17g-5 Information Provider, which shall promptly post such notice to the
17g-5 Information Provider’s Website pursuant to Section 3.13(c), in each case at least thirty (30) calendar
days prior to the effective date of such succession or appointment (or if such prior notice is violative of applicable law or
any applicable confidentiality agreement, no later than one (1) Business Day after such effective date of succession) and shall
furnish to the Depositor and the Certificate Administrator, in writing and in form and substance reasonably satisfactory to the
Depositor and the Certificate Administrator, all information reasonably necessary for the Certificate Administrator to accurately
and timely report, pursuant to Section 11.07, the event under Item 6.02 of Form 8-K pursuant to the Exchange
Act (if such reports under the Exchange Act are required to be filed under the Exchange Act).

 

(e)         Notwithstanding anything to the contrary contained in this Article XI, in connection with any Sub-Servicer and/or
any Mortgage Loan (and/or Trust Subordinate Companion Loan, if applicable) that is the subject of an Initial Sub-Servicing Agreement,
with respect to all matters related to Regulation AB, the Master Servicer shall not have any obligation other than to use
commercially reasonable efforts to cause such Sub-Servicer to comply with its obligations under such Initial Sub-Servicing Agreement.

 

(f)          Any information furnished pursuant to this Section 11.02 shall also be provided, and subject to the reimbursement
of any applicable expenses under Section 11.15, to each Other Depositor and each Other Certificate Administrator (to
the extent the information relates to a party that services, specially services or is trustee for a Serviced Companion Loan) in
the same time frame as set forth in this Section 11.02.

 

Section 11.03  
Filing Obligations. (a)  The Master Servicer, the Special Servicer, the Certificate Administrator, the Operating
Advisor, the Asset Representations Reviewer and the Trustee shall reasonably cooperate with the Depositor in connection with the
satisfaction of the Trust’s reporting requirements under the Exchange Act. Pursuant to Sections 11.04, 11.05,
11.06 and 11.07 of this Agreement, the Certificate Administrator shall prepare for execution by the Depositor any
Forms 8-K, 10-D, ABS-EE and 10-K required by the Exchange Act, in order to permit the timely filing thereof, and the Certificate
Administrator shall file (via the Commission’s Electronic Data Gathering, Analysis and Retrieval (“EDGAR”)
system) such Forms executed by the Depositor.

 

Each
party hereto shall be entitled to rely on the information in the Prospectus or this Agreement with respect to the identity of
any “sponsor”, credit enhancer, derivative provider or “significant obligor” as of the Closing Date other
than with respect to itself or any information required to be provided by it or indemnified for by it pursuant to any separate
agreement.

 

(b)         In the event that the Certificate Administrator is unable to timely file with the Commission all or any required portion of any
Form 8-K, 10-D, ABS-EE or 10-K required to

 

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be
filed by this Agreement because required disclosure information was either not delivered to it or delivered to it after the delivery
deadlines set forth in this Agreement, the Certificate Administrator will promptly notify the Depositor. In the case of Forms 10-D,
ABS-EE and 10-K, the Depositor, the Master Servicer, the Certificate Administrator, the Operating Advisor and the Trustee will
thereupon cooperate to prepare and file a Form 12b-25 and a Form 10-D/A, Form ABS-EE/A or Form 10-K/A, as
applicable, pursuant to Rule 12b-25 of the Exchange Act. In the case of Form 8-K, the Certificate Administrator will,
upon receipt of all required Form 8-K Disclosure Information and upon the approval and direction of the Depositor, include
such disclosure information on the next succeeding Form 10-D to be filed for the Trust. In the event that any previously
filed Form 8-K, Form 10-D, Form ABS-EE or Form 10-K needs to be amended, the Certificate Administrator will
notify the Depositor, and such other parties as needed and the parties hereto will cooperate with the Certificate Administrator
to prepare any necessary Form 8-K/A, Form 10-D/A, Form ABS-EE/A or Form 10-K/A. Any Form 15, Form 12b-25
or any amendment to Form 8-K, Form 10-D, Form ABS-EE or Form 10-K shall be signed by an officer of the Depositor.
The parties to this Agreement acknowledge that the performance by the Certificate Administrator of its duties under this Section 11.03
related to the timely preparation and filing of Form 15, a Form 12b-25 or any amendment to Form 8-K, Form 10-D,
Form ABS-EE or Form 10-K is contingent upon the parties observing all applicable deadlines in the performance of their
duties under Sections 11.03, 11.04, 11.05, 11.06, 11.07, 11.08, 11.09, 11.10,
11.11 and 11.16 of this Agreement. The Certificate Administrator shall have no liability for any loss, expense,
damage, claim arising out of or with respect to any failure to properly prepare, arrange for execution and/or timely file any
such Form 15, Form 12b-25 or any amendments to Form 8-K, Form 10-D, Form ABS-EE or Form 10-K, where
such failure results from the Certificate Administrator’s inability or failure to receive, on a timely basis, any information
from any other party hereto needed to prepare, arrange for execution or file such Form 15, Form 12b-25 or any amendments
to Form 8-K, Form 10-D, Form ABS-EE or Form 10-K, not resulting from its own negligence, bad faith or willful
misconduct.

 

Section 11.04  
Form 10-D and Form ABS-EE Filings. (a)  Within fifteen (15) days after each Distribution Date (subject to
permitted extensions under the Exchange Act), the Certificate Administrator shall prepare and file on behalf of the Trust any
Form 10-D required by the Exchange Act, in form and substance as required by the Exchange Act. The Certificate Administrator
shall file each Form 10-D with a copy of the related Distribution Date Statement attached thereto. Any disclosure in addition
to the Distribution Date Statement that is required to be included on Form 10-D (“Additional Form 10-D Disclosure”)
shall, pursuant to the following paragraph be reported by the parties set forth on Exhibit BB to the Depositor and
the Certificate Administrator and approved by the Depositor, and the Certificate Administrator will have no duty or liability
for any failure hereunder to determine or prepare any Additional Form 10-D Disclosure, absent such reporting, direction and
approval.

 

For
so long as the Trust is subject to the reporting requirements of the Exchange Act, as set forth on Exhibit BB hereto,
within five (5) calendar days after the related Distribution Date, (i) certain parties to this Agreement identified on Exhibit BB
hereto shall be required to provide to the Certificate Administrator and the Depositor (and in the case of any Servicing Function
Participant, with a copy to the Master Servicer), to the extent a Regulation AB Servicing Officer or Responsible Officer,
as the case may be, has actual knowledge, in EDGAR-Compatible Format, or in such other format as otherwise agreed upon by the
Certificate

 

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Administrator,
the Depositor and such providing parties, the form and substance of any Additional Form 10-D Disclosure, if applicable; provided
that information relating to any REO Account to be reported under “Item 8: Other Information” on Exhibit BB
shall be reported by the Special Servicer to the Master Servicer within four (4) calendar days after the related Distribution
Date on Exhibit MM; (ii) the parties listed on Exhibit BB hereto shall include with such Additional
Form 10-D Disclosure, an Additional Disclosure Notification in the form attached hereto as Exhibit EE (except
with respect to the reporting of REO Account balances which shall be delivered in the form of Exhibit MM hereto) and
(iii) the Depositor shall approve, as to form and substance, or disapprove, as the case may be, the inclusion of the Additional
Form 10-D Disclosure on Form 10-D. Information delivered to the Certificate Administrator hereunder should be delivered by
email to cts.sec.notifications@wellsfargo.com or by facsimile to (410) 715-2380, Attn: CTS SEC Notifications. Neither the Trustee
nor the Certificate Administrator shall have any duty under this Agreement to monitor or enforce the performance by the parties
listed on Exhibit BB of their duties under this paragraph or proactively solicit or procure from such parties any
Additional Form 10-D Disclosure information. The Depositor shall be responsible for any reasonable expenses incurred by the
Trustee or Certificate Administrator in connection with including any Additional Form 10-D Disclosure on Form 10-D pursuant
to this paragraph.

 

The
Certificate Administrator shall include in any Form 10-D filed by it (i) the information required by Rule 15Ga-1(a)
of the Exchange Act concerning all assets held by the Trust that were subject of a demand for the repurchase of, or the substitution
of a Qualified Substitute Mortgage Loan for, a Mortgage Loan contemplated by Section 2.03(b), (ii) a reference
to the most recent Form ABS-15G filed by the Depositor and the Mortgage Loan Sellers, if applicable, and the SEC’s
assigned “Central Index Key” for each such filer, (iii) to the extent such information is provided to the Certificate
Administrator by the Master Servicer in the form of Exhibit MM hereto for inclusion therein within the time period
described in this Section 11.04, the balances of the REO Account (to the extent the related information has been received
from the Special Servicer within the time period specified in Section 11.04 hereof) and the Collection Account as
of the related Distribution Date and as of the immediately preceding Distribution Date and (iv) the balances of the Distribution
Accounts, the Pooled Non-VRR Gain-on-Sale Reserve Account, the Pooled VRR Gain-on-Sale Reserve Account, the 225 Bush Non-VRR Gain-on-Sale
Reserve Account, the 225 Bush VRR Gain-on-Sale Reserve Account and the Interest Reserve Account, in each case as of the related
Distribution Date and as of the immediately preceding Distribution Date. The Depositor and the Mortgage Loan Sellers, in accordance
with Section 6(b) of the applicable Mortgage Loan Purchase Agreement, shall deliver such information as described in clause (i)
and clause (ii) of this paragraph.

 

Form 10-D
requires the registrant to indicate (by checking “yes” or “no”) that it “(1) has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding twelve (12) months (or for such
shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past ninety (90) days.”  The Depositor shall notify the Certificate Administrator in writing via cts.sec.notifications@wellsfargo.com,
no later than the 5th calendar day after the related Distribution Date with respect to the filing of a report on Form 10-D
if the answer to the questions should be “no.”  The Certificate Administrator shall be entitled to rely on such
representations in preparing, executing and/or filing any such report.

 

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With
respect to any Mortgage Loan (and the Trust Subordinate Companion Loan, if applicable) that permits Additional Debt or mezzanine
debt in the future, the Certificate Administrator shall include as part of any applicable Form 10-D filed by it, to the extent
such information is received by the Certificate Administrator from the Master Servicer or the Special Servicer, as applicable,
substantially in the form of Exhibit KK (A) the amount of any such Additional Debt or mezzanine debt, as applicable,
that is incurred during the related Collection Period, (B) the total debt service coverage ratio calculated on the basis
of the Mortgage Loan (and any Trust Subordinate Companion Loan, if applicable) and such Additional Debt or mezzanine debt, as
applicable, and (C) the aggregate LTV Ratio calculated on the basis of the Mortgage Loan (and any Trust Subordinate Companion
Loan, if applicable)and such Additional Debt or mezzanine debt, as applicable.

 

The
Depositor hereby directs the Certificate Administrator to include the following individual’s name and phone number on the
cover of Forms 10-D and ABS-EE for each reporting period: Name: Kunal K. Singh, Telephone: (212) 834-5467. The Certificate Administrator
may rely without further investigation that this information remains correct unless and until the Depositor provides the Certificate
Administrator with a new individual’s name and phone number in writing.

 

Upon
receipt of an Asset Review Report Summary from the Asset Representations Reviewer required to be delivered pursuant to Section 12.01(b),
the Certificate Administrator shall (i) include such Asset Review Report Summary in Item 1B on the Form 10-D for such period
in which such Asset Review Report Summary was delivered, and (ii) post such Asset Review Report Summary to the Certificate
Administrator’s Website not later than two (2) Business Days after receipt of such Asset Review Report Summary from the
Asset Representations Reviewer.

 

To
the extent the Certificate Administrator receives a request from any Certificateholder or Certificate Owner to communicate with
other Certificateholders or Certificate Owners pursuant to Section 5.06, the Certificate Administrator shall include
under Item 1B on the Form 10-D relating to the reporting period in which such request was received a Special Notice regarding
the request to communicate, and such Special Notice is required to include the following and no more than the following: (a) the
name of the Certificateholder or Certificate Owner making the request, (b) the date the request was received, (c) a
statement to the effect that the Certificate Administrator has received such request, stating that such Certificateholder or Certificate
Owner is interested in communicating with other Certificateholders or Certificate Owners with regard to the possible exercise
of rights under this Agreement, and (d) a description of the method other Certificateholders or Certificate Owners may use
to contact the requesting Certificateholder or Certificate Owner.

 

(b)          After preparing the Form 10-D and Form ABS-EE, the Certificate Administrator shall forward electronically copies of the Form 10-D
and Form ABS-EE to the Depositor for review no later than ten (10) calendar days after the related Distribution Date or, if the
10th calendar day after the related Distribution Date is not a Business Day, the immediately preceding Business Day. Within two
(2) Business Days after receipt of such copies, but no later than the two (2) Business Days prior to the 15th calendar day after
the Distribution Date, the Depositor shall notify the Certificate Administrator in writing (which may be furnished

 

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electronically)
of any changes to or approval of such Form 10-D and Form ABS-EE, respectively, and, a duly authorized officer of the Depositor
shall sign the Form 10-D and Form ABS-EE and return an electronic or fax copy of such signed Form 10-D and Form ABS-EE
(with an original executed hard copy to follow by overnight mail) to the Certificate Administrator. Alternatively, if the Certificate
Administrator agrees in its sole discretion, the Depositor may deliver to the Certificate Administrator manually signed copies
of a power of attorney meeting the requirements of Item 601(b)(24) of Regulation S-K under the Securities Act, and certified
copies of a resolution of the Depositor’s board of directors authorizing such power of attorney, each to be filed with each
Form 10-D and each Form ABS-EE, as applicable, in which case the Certificate Administrator shall sign such Forms 10-D
and Forms ABS-EE, as applicable, as attorney in fact for the Depositor. As provided in Section 11.04(a), the Certificate
Administrator shall file such Form ABS-EE, upon receipt of the Depositor’s signature thereof, prior to the filing of the
related Form 10-D. If a Form 10-D or Form ABS-EE cannot be filed on time or if a previously filed Form 10-D or Form ABS-EE
needs to be amended, the Certificate Administrator will follow the procedures set forth in Section 11.03(b). Promptly
after filing with the Commission, the Certificate Administrator shall make available on its Internet website a final executed
copy of each Form 10-D and Form ABS-EE filed by the Certificate Administrator. The signing party at the Depositor for any
Form 10-D or Form ABS-EE can be contacted at Ian W. Sterling, Executive Director & Assistant General Counsel, J.P. Morgan
Chase Commercial Mortgage Securities Corp., 4 New York Plaza, 21st Floor, New York, New York 10004-2413, telecopy number: (917)
464-6116, with a copy to Kunal Singh, President and CEO, J.P. Morgan Chase Commercial Mortgage Securities Corp., 383 Madison Avenue,
8th Floor, New York, New York 10179, telecopy number: (212) 834-6029. The parties to this Agreement acknowledge that the performance
by the Certificate Administrator of its duties under this Section 11.04(b) and Section 11.04(c) related
to the timely preparation and filing of Form 10-D and Form ABS-EE, as applicable, is contingent upon such parties observing
all applicable deadlines in the performance of their duties under this Section 11.04(b) and Section 11.04(c).
Neither the Trustee nor the Certificate Administrator shall have any liability for any loss, expense, damage, or claim arising
out of or with respect to any failure to properly prepare, arrange for execution and/or timely file such Form 10-D or such
Form ABS-EE, respectively, where such failure results from the Certificate Administrator’s inability or failure to receive,
on a timely basis, any information from any party to this Agreement needed to prepare, arrange for execution or file such Form 10-D
or such Form ABS-EE, respectively, not resulting from its own negligence, bad faith or willful misconduct.

 

(c)          Prior to the filing of each Form 10-D by the Certificate Administrator pursuant to Section 11.04(a), the Certificate
Administrator shall prepare and file on behalf of the Trust any Form ABS-EE in form and substance as required by the Exchange
Act and the rules and regulations of the Commission thereunder; provided that the foregoing shall not apply to any Form
ABS-EE required to be filed with the Commission and incorporated by reference in either the preliminary Prospectus or the final
Prospectus. The Certificate Administrator shall file each Form ABS-EE with a copy of the related CREFC® Schedule
AL File received by the Certificate Administrator pursuant to Section 3.12(d) as Exhibit 102 thereto. To the extent
the Certificate Administrator receives any Schedule AL Additional File with respect to such Form ABS-EE pursuant to Section 3.12(d),
the Certificate Administrator shall file such Schedule AL Additional File as Exhibit 103 to such Form ABS-EE. The Certificate
Administrator shall not be required to combine multiple CREFC® Schedule AL Files or Schedule AL Additional Files.
The Certificate

 

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Administrator
shall not be required to review, redact, reconcile, edit or verify the content, completeness or accuracy of the information contained
in any CREFC® Schedule AL File or Schedule AL Additional File. After preparing the Form ABS-EE, the Certificate
Administrator shall forward electronically a copy of such Form ABS-EE (together with the related CREFC® Schedule AL File and
any Schedule AL Additional File received by the Certificate Administrator) concurrently with the related Form 10-D to the Depositor
for review and approval. Any questions are to be directed to Midland Loan Services, a Division of PNC Bank, National Association
at the email address provided with the submission of such CREFC® Schedule AL File and Schedule AL Additional File
(or such other email address or phone number provided to the Certificate Administrator and Depositor by written notice from the
Master Servicer). The Master Servicer shall reasonably cooperate with the Depositor to answer any reasonable questions that the
Depositor may pose to the Master Servicer regarding the data or information contained in any CREFC® Schedule AL
File or Schedule AL Additional File (other than questions regarding data that is in the Initial Schedule AL File, Initial Schedule
AL Additional File or the Annex A to the Prospectus) as of the time the Master Servicer delivered such CREFC® Schedule
AL File or Schedule AL Additional File, as applicable, to the Certificate Administrator. The Certificate Administrator, the Master
Servicer and the Depositor, as applicable, shall each, to the extent related to such party’s obligations hereunder, reasonably
cooperate to remedy any filing errors regarding any CREFC® Schedule AL File or any Schedule AL Additional File
promptly.

 

Section 11.05  
Form 10-K Filings. (a)  Within ninety (90) days after the end of each fiscal year of the Trust (it being
understood that the fiscal year for the Trust ends on December 31 of each year) or such earlier date as may be required by
the Exchange Act (the “10-K Filing Deadline”), commencing in March 2020, the Certificate Administrator shall
prepare and file on behalf of the Trust a Form 10-K, in form and substance as required by the Exchange Act. Each such Form 10-K
shall include the following items, in each case to the extent they have been delivered to the Certificate Administrator within
the applicable time frames set forth in this Agreement:

 

(i)       
an annual compliance statement for the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the
Custodian and each Additional Servicer, as described under Section 11.09, including disclosure regarding any material
instance of noncompliance and the nature and status thereof;

 

(ii)       (A)  the
annual reports on assessment of compliance with servicing criteria for the Trustee, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Custodian, the Operating Advisor, each Additional Servicer and each other Servicing Function
Participant utilized by the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor, the Custodian
or the Trustee, as described under Section 11.10;

 

(B)          
if any such report on assessment of compliance with servicing criteria described under Section 11.10 identifies any
material instance of noncompliance, disclosure identifying such instance of noncompliance (including whether such instance of
noncompliance involved the servicing of the assets backing the Certificates issued pursuant to this Agreement and any steps taken
to

 

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remedy
such instance of noncompliance), or if such report on assessment of compliance with servicing criteria described under Section 11.10
is not included as an exhibit to such Form 10-K, disclosure that such report is not included and an explanation why such
report is not included;

 

(iii)    
(A) the registered public accounting firm attestation report for the Trustee, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Custodian, the Operating Advisor, each Additional Servicer and each Servicing Function Participant
utilized by the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor, the Custodian or
the Trustee, as described under Section 11.11; and (B) if any registered public accounting firm attestation report
described under Section 11.11 identifies any material instance of noncompliance, disclosure identifying such instance
of noncompliance, or if any such registered public accounting firm attestation report is not included as an exhibit to such Form 10-K,
disclosure that such report is not included and an explanation why such report is not included; and

 

(iv)     a
certification in the form attached hereto as Exhibit Y, with such changes as may be necessary or appropriate as a
result of changes promulgated by the Commission (the “Sarbanes-Oxley Certification”), which shall, except as
described below, be signed by the senior officer of the Depositor in charge of securitization.

 

Any
disclosure or information in addition to (i) through (iv) above that is required to be included on Form 10-K (“Additional
Form 10-K Disclosure”) shall, pursuant to the following paragraph be reported by the parties set forth on Exhibit CC
to the Depositor and the Certificate Administrator and approved by the Depositor and the Certificate Administrator will have
no duty or liability for any failure hereunder to determine or prepare any Additional Form 10-K Disclosure, absent such reporting,
direction and approval. Information delivered to the Certificate Administrator hereunder should be delivered (i) by email to cts.sec.notifications@wellsfargo.com
and also (ii) by email to form10K.compliance@cwt.com..

 

As
set forth on Exhibit CC hereto, no later than March 1st of each year that the Trust is subject to the Exchange
Act reporting requirements, commencing in 2020, (i) the parties listed on Exhibit CC shall be required to provide
to the Certificate Administrator and the Depositor, to the extent a Regulation AB Servicing Officer or Responsible Officer,
as the case may be, has actual knowledge, in EDGAR-Compatible Format or in such other format as otherwise agreed upon by the Certificate
Administrator, the Depositor and such providing parties, the form and substance of any Additional Form 10-K Disclosure, if
applicable, (ii) the parties listed on Exhibit CC hereto shall include with such Additional Form 10-K Disclosure,
an Additional Disclosure Notification in the form attached hereto as Exhibit EE and (iii) the Depositor will
approve, as to form and substance, or disapprove, as the case may be, the inclusion of the Additional Form 10-K Disclosure
on Form 10-K. Neither the Trustee nor the Certificate Administrator has any duty under this Agreement to monitor or enforce
the performance by the parties listed on Exhibit CC of their duties under this paragraph or proactively solicit or
procure from such parties any Additional Form 10-K Disclosure information. The Depositor will be responsible for any reasonable
expenses incurred by the Trustee and the Certificate Administrator in connection with including any Additional Form 10-K
Disclosure on Form 10-K pursuant to this paragraph.

 

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Form 10-K
requires the registrant to indicate (by checking “yes” or “no”) that it “(1) has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding twelve (12) months (or for such
shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past ninety (90) days.”  The Depositor shall notify the Certificate Administrator in writing via cts.sec.notifications@wellsfargo.com,
no later than March 1st with respect to the filing of a report on Form 10-K, if the answer to the questions should be “no.”
The Certificate Administrator shall be entitled to rely on such representations in preparing, executing and/or filing any such
report.

 

(b)          After preparing the Form 10-K, the Certificate Administrator shall forward electronically a copy of the Form 10-K to
the Depositor for review no later than six (6) Business Days prior to the 10-K Filing Deadline. Within three (3) Business Days
after receipt of such copy, but no later than March 25th, the Depositor shall notify the Certificate Administrator in writing
(which may be furnished electronically) of any changes to or approval of such Form 10-K and the senior officer in charge
of securitization for the Depositor shall sign the Form 10-K and return an electronic or fax copy of such signed Form 10-K
(with an original executed hard copy to follow by overnight mail) to the Certificate Administrator at such time. If a Form 10-K
cannot be filed on time or if a previously filed Form 10-K needs to be amended, the Certificate Administrator shall follow
the procedures set forth in Section 11.03(b). Promptly after filing with the Commission, the Certificate Administrator
shall make available on its Internet website a final executed copy of each Form 10-K filed by the Certificate Administrator.
The signing party at the Depositor can be contacted at Ian W. Sterling, Executive Director & Assistant General Counsel, J.P.
Morgan Chase Commercial Mortgage Securities Corp., 4 New York Plaza, 21st Floor, New York, New York 10004-2413, telecopy number:
(917) 464-6116, with a copy to Kunal Singh, President and CEO, J.P. Morgan Chase Commercial Mortgage Securities Corp., 383 Madison
Avenue, 8th Floor, New York, New York 10179, telecopy number: (212) 834-6029. The parties to this Agreement acknowledge that
the performance by the Certificate Administrator of its duties under this Section 11.05 related to the timely preparation
and filing of Form 10-K is contingent upon the parties to this Agreement (and any Additional Servicer or Servicing Function
Participant engaged or utilized, as applicable, by any such parties) observing all applicable deadlines in the performance of
their duties under this Section 11.05. Neither the Trustee nor the Certificate Administrator shall have any liability
for any loss, expense, damage, claim arising out of or with respect to any failure to properly prepare, arrange for execution
and/or timely file such Form 10-K, where such failure results from the Certificate Administrator’s failure to receive,
on a timely basis, any information from the parties to this Agreement (or any Servicing Function Participant engaged by any such
parties) needed to prepare, arrange for execution or file such Form 10-K, not resulting from its own negligence, bad faith
or willful misconduct.

 

(c)           Upon written request from any Mortgage Loan Seller, the Master Servicer or the Special Servicer, the Certificate Administrator
shall confirm to such Mortgage Loan Seller, Master Servicer or Special Servicer whether it has received notice that any party
to this Agreement has changed since the Closing Date and will provide to such Mortgage Loan Seller, the Master Servicer or the
Special Servicer, if known to the Certificate Administrator, the identity of the new party.

 

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Section 11.06  
Sarbanes-Oxley Certification. Each Form 10-K shall include a Sarbanes-Oxley Certification in the form attached as
Exhibit Y required to be included therewith pursuant to the Sarbanes-Oxley Act. For so long as the Trust or the trust
for any Other Securitization is subject to the reporting requirements of the Exchange Act, the Master Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Custodian, the Operating Advisor and the Asset Representations Reviewer (in the
case of the Asset Representations Reviewer, solely with respect to reporting periods in which the Asset Representations Reviewer
is required to conduct an Asset Review or prepare or deliver an Asset Review Report) shall provide, and (i) with respect
to each Initial Sub-Servicer engaged by the Master Servicer or the Special Servicer, as applicable, that is a Servicing Function
Participant use commercially reasonable efforts to cause such Initial Sub-Servicer to provide, and (ii) with respect to each
other Servicing Function Participant with which the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Custodian or the Operating Advisor has entered into a servicing relationship with respect to the Mortgage Loans (and the Trust
Subordinate Companion Loans, if applicable), shall cause such Servicing Function Participant to provide, to each Person who signs
the Sarbanes-Oxley Certification for the Trust or any Other Securitization that includes a Serviced Companion Loan (individually
and collectively, the “Certifying Person”), on or before March 1st of each year commencing in March 2020,
a certification substantially in the form attached hereto as Exhibits Z-1, Z-2, Z-3, Z-4, Z-5,
Z-6 or Z-7 (each, a “Performance Certification”), as applicable, on which the Certifying Person,
each entity for which such Certifying Person acts as an officer (if the Certifying Person is an individual), and such entity’s
officers, directors and Affiliates (collectively with the Certifying Person, “Certification Parties”) can reasonably
rely; provided that, if a Servicing Function Participant (other than an Initial Sub-Servicer) with which the Master Servicer,
the Special Servicer, the Trustee, the Certificate Administrator, the Custodian or the Operating Advisor has entered into a servicing
relationship with respect to the Mortgage Loans fails to provide a Performance Certification, the Performance Certification provided
by the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Custodian or the Operating Advisor,
as applicable, that engaged such Servicing Function Participant shall not exclude information that would have been provided by
such Servicing Function Participant. In addition, in the event that any Serviced Companion Loan is deposited into a commercial
mortgage securitization (including an “Other Securitization”) and the Reporting Servicer is provided with timely
and complete contact information for the parties to such Other Securitization, each Reporting Servicer, upon not less than thirty
(30) days prior written request, shall provide to the Person who signs the Sarbanes-Oxley Certification with respect to such Other
Securitization either the Performance Certification or a separate certification in form and substance similar to applicable Performance
Certification (which shall address the matters contained in the applicable Performance Certification, but solely with respect
to the related Companion Loan) on which such Person, the entity for which the Person acts as an officer (if the Person is an individual),
and such entity’s officers, directors and Affiliates can reasonably rely. With respect to any Non-Serviced Companion Loan,
the Certificate Administrator will use its reasonable efforts to procure a Sarbanes-Oxley Certification from the applicable Non-Serviced
Master Servicer, Non-Serviced Special Servicer and Non-Serviced Trustee in form and substance similar to a Performance Certification.
The senior officer in charge of securitization for the Depositor shall serve as the Certifying Person on behalf of the Trust.
In addition, each Reporting Servicer shall execute a reasonable reliance certificate (which may be included as part of such other
certifications being delivered by such Reporting Servicer)

 

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to
enable the Certification Parties to rely upon each (i) annual compliance statement provided pursuant to Section 11.09,
if applicable, (ii) annual report on assessment of compliance with servicing criteria provided pursuant to Section 11.10
and (iii) accountant’s report provided pursuant to Section 11.11, and shall include a certification
that each such annual compliance statement or report discloses any deficiencies or defaults described to the registered public
accountants of such Reporting Servicer to enable such accountants to render the certificates provided for in Section 11.11.
In the event any Reporting Servicer is terminated or resigns pursuant to the terms of this Agreement, or any applicable sub-servicing
agreement or primary servicing agreement, as the case may be, such Reporting Servicer shall provide a certification to the Certifying
Person pursuant to this Section 11.06 with respect to the period of time it was subject to this Agreement or the applicable
sub-servicing or primary servicing agreement, as the case may be. Each such Performance Certification shall be provided in EDGAR-Compatible
Format, or in such other format agreed upon by the Depositor, the Certificate Administrator and such providing parties. Notwithstanding
the foregoing, nothing in this Section 11.06 shall require any Reporting Servicer (i) to certify or verify the
accurateness or completeness of any information provided to such Reporting Servicer by third parties (including a Significant
Obligor, but other than an Additional Servicer or a Sub-Servicer appointed pursuant to Section 3.20), (ii) to
certify information other than to such Reporting Servicer’s knowledge and in accordance with such Reporting Servicer’s
responsibilities hereunder or (iii) with respect to completeness of information and reports, to certify anything other than
that all fields of information called for in written reports prepared by such Reporting Servicer have been completed except as
they have been left blank on their face.

 

Notwithstanding
anything to the contrary contained in this Section 11.06, with respect to each year in which the Trust is not subject
to the reporting requirements of the Exchange Act, none of the parties required to deliver any certification under this Section 11.06
shall be obligated to do so.

 

Section 11.07  
Form 8-K Filings. Within four (4) Business Days after the occurrence of an event requiring disclosure on Form 8-K
(each such event, a “Reportable Event”), and if requested by the Depositor and to the extent it receives the
Form 8-K Disclosure Information described below, the Certificate Administrator shall prepare and file on behalf of the Trust
any Form 8-K, as required by the Exchange Act, provided that the Depositor shall file the initial Form 8-K in
connection with the issuance of the Certificates. Any disclosure or information related to a Reportable Event or that is otherwise
required to be included on Form 8-K (“Form 8-K Disclosure Information”) shall, pursuant to the following
paragraph be reported by the parties set forth on Exhibit DD to the Depositor and the Certificate Administrator and
approved by the Depositor, and the Certificate Administrator will have no duty or liability for any failure hereunder to determine
or prepare any Form 8-K Disclosure Information or any Form 8-K, absent such reporting, direction and approval.

 

As
set forth on Exhibit DD hereto, for so long as the Trust is subject to the Exchange Act reporting requirements, no
later than close of business, New York City time, on the 2nd Business Day after the occurrence of a Reportable Event (i) the
parties set forth on Exhibit DD hereto shall be required to provide to the Depositor and the Certificate Administrator,
to the extent a Regulation AB Servicing Officer or Responsible Officer, as the case may be, has actual knowledge, in EDGAR-Compatible
Format or in such other format

 

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agreed
upon by the Depositor, the Certificate Administrator and such providing parties any Form 8-K Disclosure Information, if applicable,
(ii) the parties listed on Exhibit DD hereto shall include with such Form 8-K Disclosure Information, an
Additional Disclosure Notification in the form attached hereto as Exhibit EE and (iii) the Depositor will approve,
as to form and substance, or disapprove, as the case may be, the inclusion of the Form 8-K Disclosure Information on Form 8-K.
Neither the Trustee nor the Certificate Administrator has any duty under this Agreement to monitor or enforce the performance
by the parties listed on Exhibit DD of their duties under this paragraph or proactively solicit or procure from such
parties any Form 8-K Disclosure Information. The Depositor will be responsible for any reasonable expenses incurred by the
Trustee and the Certificate Administrator in connection with including any Form 8-K Disclosure Information on Form 8-K
pursuant to this paragraph. Information delivered to the Certificate Administrator hereunder should be delivered by email to cts.sec.notifications@wellsfargo.com
or by facsimile to (410) 715-2380, Attn: CTS SEC Notifications.

 

After
preparing the Form 8-K, the Certificate Administrator shall forward electronically a copy of the Form 8-K to the Depositor
for review no later than noon, New York City time, on the 3rd Business Day after the Reportable Event, but in no event earlier
than 24 hours after having received the Form 8-K Disclosure Information pursuant to the immediately preceding paragraph.
Promptly, but no later than the close of business on the 3rd Business Day after the Reportable Event, the Depositor shall notify
the Certificate Administrator in writing (which may be furnished electronically) of any changes to or approval of such Form 8-K.
No later than noon, New York City time, on the 4th Business Day after the Reportable Event, a duly authorized officer of the Depositor
shall sign the Form 8-K and return an electronic or fax copy of such signed Form 8-K (with an original executed hard
copy to follow by overnight mail) to the Certificate Administrator. If a Form 8-K cannot be filed on time or if a previously
filed Form 8-K needs to be amended, the Certificate Administrator will follow the procedures set forth in Section 11.03(b).
The Certificate Administrator shall file such Form 8-K. Promptly after filing with the Commission, the Certificate Administrator
will, make available on its Internet website a final executed copy of each Form 8-K filed by the Certificate Administrator.
The signing party at the Depositor can be contacted at Ian W. Sterling, Executive Director & Assistant General Counsel, J.P.
Morgan Chase Commercial Mortgage Securities Corp., 4 New York Plaza, 21st Floor, New York, New York 10004-2413, telecopy number:
(917) 464-6116, with a copy to Kunal Singh, President and CEO, J.P. Morgan Chase Commercial Mortgage Securities Corp.,
383 Madison Avenue, 8th Floor, New York, New York 10179, telecopy number: (212) 834-6029. The parties to this Agreement acknowledge
that the performance by the Certificate Administrator of its duties under this Section 11.07 related to the timely
preparation and filing of Form 8-K is contingent upon such parties observing all applicable deadlines in the performance
of their duties under this Section 11.07. Neither the Trustee nor the Certificate Administrator shall have any liability
for any loss, expense, damage, claim arising out of or with respect to any failure to properly prepare, arrange for execution
and/or timely file such Form 8-K, where such failure results from the Certificate Administrator’s inability or failure
to receive, on a timely basis, any information from the parties to this Agreement needed to prepare, arrange for execution or
file such Form 8-K, not resulting from its own negligence, bad faith or willful misconduct.

 

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The
Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall promptly notify (and the Master Servicer
and the Special Servicer, as applicable, shall (i) with respect to each Initial Sub-Servicer that is an Additional Servicer
engaged by such Master Servicer or Special Servicer, as applicable, use commercially reasonable efforts to cause such Additional
Servicer to promptly notify and (ii) with respect to each other Additional Servicer with which it has entered into a servicing
relationship with respect to the Mortgage Loans (and the Trust Subordinate Companion Loan, if applicable) (other than a party
to this Agreement) cause such Additional Servicer to promptly notify) the Depositor and the Certificate Administrator, but in
no event later than noon, New York City time, on the 2nd Business Day after its occurrence, of any Reportable Event applicable
to such party to the extent a Regulation AB Servicing Officer or Responsible Officer, as the case may be, has actual knowledge,
in EDGAR-Compatible Format.

 

Notwithstanding
anything to the contrary in this Section 11.07, with respect to each year in which the Trust is not subject to the
reporting requirements of the Exchange Act, none of the parties hereto are required to deliver Form 8-K Disclosure Information.

 

For
so long as the Trust is subject to the reporting obligations of the Exchange Act, with respect to any Non-Serviced Mortgage Loan
serviced under the related Non-Serviced PSA, no resignation, removal or replacement of any party to such Non-Serviced PSA that
would be required to be reported on a Form 8-K relating to this Trust shall become effective with respect to this Trust until
the Certificate Administrator has filed any required Form 8-K pursuant to this Section 11.07.

 

Section 11.08  
Form 15 Filing. On or prior to January 30th of the first year in which the Depositor shall provide notice to
the Certificate Administrator of its ability under applicable law to suspend its Exchange Act filings, the Certificate Administrator
shall prepare and file a notification relating to the automatic suspension of reporting in respect of the Trust under the Exchange
Act (the “Form 15 Suspension Notification”) or any form necessary to be filed with the Commission to suspend
such reporting obligations. With respect to any reporting period occurring after the filing of such form, the obligations of the
parties to this Agreement under Section 11.04, Section 11.05 and Section 11.07 shall be suspended
and reports or certifications due under Section 11.09, 11.10 and 11.11 shall not be due until April
15th of each year. The Certificate Administrator shall provide prompt notice to the Mortgage Loan Sellers and all other parties
hereto that such form has been filed. If, after the filing of a Form 15 Suspension Notification, the Depositor shall provide
notice to the Certificate Administrator that it is required to resume its Exchange Act filings, the Certificate Administrator
shall recommence preparing and filing reports on Forms 10-K, 10-D, ABS-EE and 8-K as required pursuant to Section 11.04,
Section 11.05 and Section 11.07, and all parties’ obligations under this Article XI
shall recommence.

 

Section 11.09  
Annual Compliance Statements. The Master Servicer, the Special Servicer (regardless of whether the Special Servicer has
commenced special servicing of a Mortgage Loan or Trust Subordinate Companion Loan), the Custodian, the Trustee (provided,
however, that the Trustee shall not be required to deliver an assessment of compliance with respect to any period during
which there was no Relevant Servicing Criteria applicable to it) and the Certificate Administrator (each, a “Certifying
Servicer”) shall (and each such party shall

 

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(i) with
respect to each Additional Servicer engaged by the Certifying Servicer that is an Initial Sub-Servicer, use commercially reasonable
efforts to cause such Additional Servicer to and (ii) with respect to each other Additional Servicer that is also a Servicing
Function Participant with which it has entered into a servicing relationship with respect to the Mortgage Loans (and the Trust
Subordinate Companion Loan), cause such Additional Servicer to), on or before March 1st of each year commencing in March
2020, furnish to the Trustee, the Certificate Administrator (which copy shall be deemed furnished by the Certificate Administrator
when made available on its Internet website), the Depositor and the 17g-5 Information Provider (who shall post to the 17g-5 Information
Provider’s Website), an Officer’s Certificate, in the form attached hereto as Exhibit HH (or such other
form, similar in substance, as may be reasonably acceptable to the Depositor) stating, as to the signer thereof, that (A) a
review of such Certifying Servicer’s activities during the preceding calendar year or portion thereof and of such Certifying
Servicer’s performance under this Agreement, or the applicable sub-servicing agreement or primary servicing agreement in
the case of an Additional Servicer, has been made under such officer’s supervision and (B) to the best of such officer’s
knowledge, based on such review, such Certifying Servicer has fulfilled all its obligations under this Agreement, or the applicable
sub-servicing agreement or primary servicing agreement in the case of an Additional Servicer, in all material respects throughout
such year or portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, specifying
each such failure known to such officer and the nature and status thereof. Such Officer’s Certificate shall be provided
in EDGAR-Compatible Format, or in such other format agreed upon by the Depositor, the Certificate Administrator and such providing
parties. Each Certifying Servicer shall (i) with respect to each Additional Servicer engaged by such Certifying Servicer
that is an Initial Sub-Servicer, cause (or, in the case of a sub-servicer that is also a Servicing Function Participant that a
Mortgage Loan Seller requires the Master Servicer to retain, to use commercially reasonable efforts to cause) such Additional
Servicer, and (ii) with respect to each other Additional Servicer with which it has entered into a servicing relationship
with respect to the Mortgage Loans or the Trust Subordinate Companion Loan, cause such Additional Servicer to forward a copy of
each such statement (or, in the case of the Certificate Administrator, make a copy of each such statement available on its Internet
website) to the Directing Certificateholder and the 17g-5 Information Provider. With respect to any Non-Serviced Companion Loan,
the Certificate Administrator will use its reasonable efforts to procure such Officer’s Certificate from the applicable
Non-Serviced Master Servicer, Non-Serviced Special Servicer and Non-Serviced Trustee in form and substance similar to the form
attached hereto as Exhibit HH. Promptly after receipt of each such Officer’s Certificate, the Depositor may
review each such Officer’s Certificate and, if applicable, consult with the Certifying Servicer as to the nature of any
failures by the Certifying Servicer or any related Additional Servicer with which the Certifying Servicer has entered into a servicing
relationship with respect to the Mortgage Loans in the fulfillment of any of the Certifying Servicer’s or Additional Servicer’s
obligations hereunder or under the applicable sub-servicing or primary servicing agreement. The obligations of the Certifying
Servicer and each Additional Servicer under this Section 11.09 apply to the Certifying Servicer and each Additional
Servicer that serviced a Mortgage Loan during the applicable period, whether or not such Certifying Servicer or Additional Servicer
is acting as the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or Additional Servicer at the
time such Officer’s Certificate is required to be delivered. None of the Master Servicer, Special Servicer or Additional
Servicer shall be required to cause the delivery of any such statement until

 

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April 15
in any given year so long as it has received written confirmation from the Depositor (or, in the case of an Other Securitization,
the related Other Depositor) that a report on Form 10-K is not required to be filed in respect of the Trust or the trust
for any Other Securitization for the preceding calendar year.

 

In
the event the Master Servicer, the Special Servicer, the Trustee or the Certificate Administrator is terminated or resigns pursuant
to the terms of this Agreement, such party shall provide, and each of the Master Servicer and the Special Servicer shall (i) with
respect to an Initial Sub-Servicer engaged by such party that is an Additional Servicer that resigns or is terminated under any
applicable servicing agreement, use its reasonable efforts to cause such Additional Servicer to provide and (ii) with respect
to any other Additional Servicer engaged by such party that resigns or is terminated under any applicable servicing agreement,
cause such Additional Servicer to provide, an annual statement of compliance pursuant to this Section 11.09 with respect
to the period of time that the Master Servicer, the Special Servicer, the Trustee or the Certificate Administrator was subject
to this Agreement or the period of time that such Additional Servicer was subject to such other servicing agreement.

 

Section 11.10  
Annual Reports on Assessment of Compliance with Servicing Criteria. (a)  On or before March 1st of each
year commencing in March 2020, the Master Servicer, the Special Servicer (regardless of whether the Special Servicer has commenced
special servicing of the Mortgage Loans or Trust Subordinate Companion Loans), the Trustee (provided, however, that
the Trustee shall not be required to deliver an assessment of compliance with respect to any period during which there was no
Relevant Servicing Criteria applicable to it), the Custodian, the Operating Advisor, the Certificate Administrator and each Additional
Servicer, each at its own expense, shall furnish (and each such party shall (i) with respect to each Initial Sub-Servicer
engaged by such Master Servicer, Special Servicer, Trustee, Operating Advisor, Custodian or Certificate Administrator that is
a Servicing Function Participant, use commercially reasonable efforts to cause such Servicing Function Participant to furnish
and (ii) with respect to each other Servicing Function Participant with which it has entered into a servicing relationship
with respect to the Mortgage Loans (and the Trust Subordinate Companion Loan, if applicable), cause such Servicing Function Participant
to furnish) to the Trustee, the Certificate Administrator, the Depositor (which copy shall be deemed furnished by the Certificate
Administrator when made available on its Internet website) (and, with respect to the Special Servicer, also to the Operating Advisor),
and the 17g-5 Information Provider, a report substantially in the form of Exhibit II or such other form provided by
such Reporting Servicer that complies in all material respects with the requirements of Item 1122 of Regulation AB,
on an assessment of compliance with the Servicing Criteria applicable to it that contains (A) a statement by such Reporting
Servicer of its responsibility for assessing compliance with the Relevant Servicing Criteria, (B) a statement that such Reporting
Servicer used the Relevant Servicing Criteria to assess compliance with the Relevant Servicing Criteria, (C) such Reporting
Servicer’s assessment of compliance with the Relevant Servicing Criteria as of and for the period ending the end of the
fiscal year covered by the Form 10-K required to be filed pursuant to Section 11.05, including, if there has
been any material instance of noncompliance with the Relevant Servicing Criteria, a discussion of each such failure and the nature
and status thereof, and (D) a statement that a registered public accounting firm has issued an attestation report on such
Reporting Servicer’s assessment of compliance with the Relevant Servicing Criteria as of and for such period. With respect
to any Non-Serviced Companion Loan, the Certificate

 

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Administrator
will use its reasonable efforts to procure such report from the applicable Non-Serviced Master Servicer, Non-Serviced Special
Servicer and Non-Serviced Trustee in form and substance similar to the form attached hereto as Exhibit II. Such report
shall be provided in EDGAR-Compatible Format, or in such other format agreed upon by the Depositor, the Certificate Administrator
and the Reporting Servicer.

 

Each
such report shall be addressed to the Depositor and signed by an authorized officer of the applicable company, and shall address
the Relevant Servicing Criteria specified on a certification substantially in the form of Exhibit AA hereto delivered
to the Depositor on the Closing Date. Promptly after receipt of each such report, (i) the Depositor may review each such
report and, if applicable, consult with each Reporting Servicer as to the nature of any material instance of noncompliance with
the Relevant Servicing Criteria applicable to it (and each Servicing Function Participant engaged or utilized by each Reporting
Servicer, as applicable), and (ii) the Certificate Administrator shall confirm that the assessments taken individually address
the Relevant Servicing Criteria for each party as set forth on Exhibit AA and notify the Depositor of any exceptions.
None of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee or any Servicing Function Participant
shall be required to cause the delivery of any such assessments until April 15th in any given year so long as it has received
written confirmation from the Depositor (or, in the case of an Other Securitization, the related Other Depositor) that a report
on Form 10-K is not required to be filed in respect of the Trust or the trust for any Other Securitization for the preceding
calendar year.

 

Notwithstanding
the foregoing, at any time that the Certificate Administrator and the Trustee are the same entity, the Certificate Administrator
and Trustee may provide a combined assessment of compliance required pursuant to this Section 11.10(a) in respect
of their combined Relevant Servicing Criteria as set forth on Exhibit AA hereto.

 

(b)         The Master Servicer, the Special Servicer, the Trustee, the Operating Advisor and the Certificate Administrator hereby acknowledge
and agree that the Relevant Servicing Criteria set forth on Exhibit AA is appropriately set forth with respect to
such party and any Servicing Function Participant with which the Master Servicer, Special Servicer, Trustee, Operating Advisor
or Certificate Administrator has entered into a servicing relationship.

 

(c)         No later than ten (10) Business Days after the end of each fiscal year for the Trust, the Master Servicer and the Special Servicer
shall notify the Certificate Administrator, the Depositor and each Mortgage Loan Seller as to the name of each Additional Servicer
engaged by it and each Servicing Function Participant utilized by it, in each case other than with respect to any Initial Sub-Servicer,
and the Trustee, the Operating Advisor and the Certificate Administrator shall notify the Depositor and each Mortgage Loan Seller
as to the name of each Servicing Function Participant utilized by it, in each case by providing an updated Exhibit GG,
and each such notice (except to a Mortgage Loan Seller) shall specify what specific Servicing Criteria will be addressed in the
report on assessment of compliance prepared by such Servicing Function Participant. When the Master Servicer, the Special Servicer,
the Trustee, the Certificate Administrator and the Operating Advisor submit their assessments pursuant to Section 11.10(a),
the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator and the Operating Advisor, as applicable,
shall also at such time include the

 

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assessment
(and related attestation pursuant to Section 11.11) of each Servicing Function Participant engaged by it.

 

In
the event the Master Servicer, the Special Servicer, the Trustee, the Operating Advisor, the Custodian or the Certificate Administrator
is terminated or resigns pursuant to the terms of this Agreement, such party shall provide, and each such party shall cause any
Servicing Function Participant engaged by it to provide (and each of the Master Servicer and the Special Servicer shall (i) with
respect to an Initial Sub-Servicer engaged by such Master Servicer or Special Servicer that is an Additional Servicer that resigns
or is terminated under any applicable servicing agreement, use its reasonable efforts to cause such Additional Servicer and (ii) with
respect to any other Additional Servicer that resigns or is terminated under any applicable servicing agreement, cause such Additional
Servicer to provide) an annual assessment of compliance pursuant to this Section 11.10, coupled with an attestation
as required in Section 11.11 with respect to the period of time that the Master Servicer, the Special Servicer, the
Trustee, the Operating Advisor, the Custodian or the Certificate Administrator was subject to this Agreement or the period of
time that the Additional Servicer was subject to such other servicing agreement.

 

(d)          The Operating Advisor may at any time request from the Certificate Administrator confirmation of whether a Control Termination
Event, Consultation Termination Event or Operating Advisor Consultation Event occurred during the previous calendar year, and
upon such request the Certificate Administrator shall deliver such confirmation to the Operating Advisor within fifteen (15) days
of such request.

 

Section 11.11  
Annual Independent Public Accountants’ Attestation Report. On or before March 1st of each year commencing in
March 2020, the Master Servicer, the Special Servicer, the Trustee, the Custodian, the Operating Advisor and the Certificate Administrator,
each at its own expense, shall cause (and each such party shall (i) with respect to each Initial Sub-Servicer engaged by
such Master Servicer, Special Servicer, Trustee, Operating Advisor or Certificate Administrator that is a Servicing Function Participant
use commercially reasonable efforts to cause such Servicing Function Participant to cause and (ii) with respect to each other
Servicing Function Participant with which it has entered into a servicing relationship with respect to the Mortgage Loans (and
the Trust Subordinate Companion Loan, if applicable), cause such Servicing Function Participant to cause) a registered public
accounting firm (which may also render other services to the Master Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Custodian, the Operating Advisor or the applicable Servicing Function Participant, as the case may be) and
that is a member of the American Institute of Certified Public Accountants to furnish a report to the Trustee, the Certificate
Administrator (who will promptly post such report on the Certificate Administrator’s Website pursuant to Section 3.13(b))
and the Depositor, the 17g-5 Information Provider and, prior to the occurrence of a Consultation Termination Event, the Directing
Certificateholder, and, promptly, but not earlier than the second Business Day following the delivery of such report to the 17g-5
Information Provider, to the Rating Agencies, to the effect that (i) it has obtained a representation regarding certain matters
from the management of such Reporting Servicer, which includes an assertion that such Reporting Servicer has complied with the
Relevant Servicing Criteria applicable to it and (ii) on the basis of an examination conducted by such firm in accordance
with standards for attestation engagements issued or adopted by the PCAOB, it is

 

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issuing
an opinion as to whether such Reporting Servicer’s assessment of compliance with the Relevant Servicing Criteria applicable
to it was fairly stated in all material respects. In the event that 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. Each such related accountant’s
attestation report shall be made in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities
Act and the Exchange Act. Such report must be available for general use and not contain restricted use language. With respect
to any Non-Serviced Companion Loan, the Certificate Administrator will use its reasonable efforts to procure such report from
the applicable Non-Serviced Master Servicer, Non-Serviced Special Servicer and Non-Serviced Trustee. Copies of such statement
will be provided by the Certificate Administrator in accordance with Section 3.13(b). Such report shall be provided
in EDGAR-Compatible Format, or in such other format agreed upon by the Depositor, the Certificate Administrator and the providing
parties.

 

Promptly
after receipt of such report from the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Custodian or any Servicing Function Participant, (i) the Depositor may review the report and, if applicable,
consult with the Master Servicer, the Special Servicer, the Trustee, the Operating Advisor, the Custodian or the Certificate Administrator
as to the nature of any defaults by the Master Servicer, the Special Servicer, the Trustee, the Operating Advisor, the Custodian,
the Certificate Administrator or any Servicing Function Participant with which it has entered into a servicing relationship with
respect to the Mortgage Loans (and the Trust Subordinate Companion Loan, if applicable), as the case may be, in the fulfillment
of any of the Master Servicer’s, the Special Servicer’s, the Trustee’s, the Certificate Administrator’s,
the Operating Advisor’s, the Custodian’s or the applicable Servicing Function Participants’ obligations hereunder
or under the applicable sub servicing or primary servicing agreement, and (ii) the Certificate Administrator shall confirm
that each accountants’ attestation report submitted pursuant to this Section 11.11 relates to an assessment
of compliance meeting the requirements of Section 11.10 and notify the Depositor of any exceptions. None of the Master
Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Custodian nor any Additional
Servicer shall be required to deliver, or shall be required to cause the delivery of such reports until April 15th in any
given year so long as it has received written confirmation from the Depositor that a Form 10-K is not required to be filed
with respect to the Trust for the preceding fiscal year.

 

Section 11.12  
Indemnification. Each of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Custodian,
the Operating Advisor and the Asset Representations Reviewer shall indemnify and hold harmless each Certification Party from and
against any claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments and other
costs and expenses incurred by such Certification Party arising out of (i) an actual breach by the Master Servicer, the Special
Servicer, the Trustee, the Operating Advisor, the Asset Representations Reviewer, the Custodian or the Certificate Administrator,
as the case may be, of its obligations under this Article XI, (ii) negligence, bad faith or willful misconduct
on the part of the Master Servicer, the Special Servicer, the Trustee, the Operating Advisor, the Asset Representations Reviewer,
the Custodian or the Certificate Administrator in the performance of such obligations, or (iii) delivery of any Deficient
Exchange Act Deliverable.

 

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The
Master Servicer, the Special Servicer, the Trustee, the Operating Advisor and the Certificate Administrator shall (i) with
respect to any Initial Sub-Servicer engaged by the Master Servicer, Special Servicer, Trustee or Certificate Administrator that
is a Servicing Function Participant or Additional Servicer, use commercially reasonable efforts to cause such party to, and (ii) with
respect to each other Additional Servicer and each Servicing Function Participant with which, in each case, it has entered into
a servicing relationship with respect to the Mortgage Loans (and the Trust Subordinate Companion Loan, if applicable), cause such
party to, in each case, indemnify and hold harmless each Certification Party from and against any and all claims, losses, damages,
penalties, fines, forfeitures, legal fees and expenses and related costs, judgments and any other costs, fees and expenses incurred
by such Certification Party arising out of (a) a breach of its obligations to provide any of the annual compliance statements
or annual assessment of compliance with the servicing criteria or attestation reports pursuant to the applicable sub-servicing
or primary servicing agreement, (b) negligence, bad faith or willful misconduct on its part in the performance of such obligations,
(c) any failure by it, as a Servicer (as defined in Section 11.02(b)) to identify a Servicing Function Participant
pursuant to Section 11.02(b), or (d) delivery of any Deficient Exchange Act Deliverable.

 

In
addition, each of the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian,
the Certificate Administrator and the Trustee shall cooperate (and require each Servicing Function Participant and Additional
Servicer retained by it to cooperate under the applicable Sub-Servicing Agreement) with the Depositor and each Other Depositor
as necessary for the Depositor or such Other Depositor, as applicable, to conduct any reasonable due diligence necessary to evaluate
and assess any material instances of non-compliance disclosed in any of the deliverables required by the applicable reporting
requirements under the Securities Act, the Exchange Act, the Sarbanes-Oxley Act and the rules and regulations promulgated thereunder
(“Reporting Requirements”).

 

In
connection with comments provided to the Depositor or any Other Depositor from the Commission or its staff regarding information
(x) delivered by the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the
Custodian, the Certificate Administrator, the Trustee, a Servicing Function Participant or an Additional Servicer, as applicable
(“Affected Reporting Party”), (y) regarding such Affected Reporting Party, and (z) prepared by such Affected
Reporting Party or any registered public accounting firm, attorney or other agent retained by such Affected Reporting Party to
prepare such information, which information is contained in a report filed by the Depositor or any Other Depositor under the Reporting
Requirements and which comments are received subsequent to the Depositor’s or any Other Depositor’s filing of such
report, the Depositor or any Other Depositor shall promptly provide to such Affected Reporting Party any such comments which relate
to such Affected Reporting Party. Such Affected Reporting Party shall be responsible for timely preparing a written response to
the Commission or its staff for inclusion in the Depositor’s or any Other Depositor’s response to the Commission or
its staff, unless such Affected Reporting Party elects, with the consent of the Depositor or any Other Depositor, as applicable
(which consent shall not be unreasonably denied, withheld or delayed), to directly communicate with the Commission or its staff
and negotiate a response and/or resolution with the Commission or its staff; provided, however, that if an Affected
Reporting Party is a Servicing Function Participant or Additional Servicer retained by the Master Servicer, the Master Servicer
shall receive copies of all material communications pursuant to this Section 11.12. If such

 

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election
is made, the applicable Affected Reporting Party shall be responsible for directly negotiating such response and/or resolution
with the Commission or its staff in a timely manner; provided that (i) such Affected Reporting Party shall use reasonable
efforts to keep the Depositor or any Other Depositor informed of its progress with the Commission or its staff and copy the Depositor
or any Other Depositor on all correspondence with the Commission or its staff and provide the Depositor or any Other Depositor
with the opportunity to participate (at the Depositor’s or any Other Depositor’s expense) in any telephone conferences
and meetings with the Commission or its staff and (ii) the Depositor or any Other Depositor shall cooperate with any Affected
Reporting Party in order to authorize such Affected Reporting Party and its representatives to respond to and negotiate directly
with the Commission or its staff with respect to any comments from the Commission or its staff relating to such Affected Reporting
Party and to notify the Commission or its staff of such authorization. The Depositor (or any Other Depositor) and the Affected
Reporting Party shall cooperate and coordinate with one another with respect to any requests made to the Commission or its staff
for extension of time for submitting a response or compliance. All respective reasonable out-of-pocket costs and expenses incurred
by the Depositor or any Other Depositor (including reasonable legal fees and expenses of outside counsel to the Depositor or any
Other Depositor, as the case may be) in connection with the foregoing (other than those costs and expenses required to be at the
Depositor’s or any Other Depositor’s expense as set forth above) and any amendments to any reports filed with the
Commission or its staff related thereto shall be promptly paid by the applicable Affected Reporting Party upon receipt of an itemized
invoice from the Depositor or any Other Depositor, as the case may be. Each of the Master Servicer, the Special Servicer, the
Operating Advisor, the Custodian, the Certificate Administrator and the Trustee shall (i) with respect to any Initial Sub-Servicer
engaged by it that is a Servicing Function Participant or Additional Servicer, use commercially reasonable efforts to cause such
party to, and (ii) with respect to each other Additional Servicer and each Servicing Function Participant with which, in
each case, it has entered into a servicing relationship with respect to the Mortgage Loans (and the Trust Subordinate Companion
Loan, if applicable), cause such party to, comply with the foregoing by inclusion of similar provisions in the related sub-servicing
or similar agreement.

 

If
the indemnification provided for herein is unavailable or insufficient to hold harmless any Certification Party, then the Master
Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Custodian or the Operating Advisor (the “Performing
Party”) shall contribute to the amount paid or payable to the Certification Party as a result of the losses, claims,
damages or liabilities of the Certification Party in such proportion as is appropriate to reflect the relative fault of the Certification
Party on the one hand and the Performing Party on the other in connection with a breach of the Performing Party’s obligations
pursuant to Sections 11.06, 11.09 (if applicable), 11.10, 11.11 (or breach of its obligations
under the applicable sub-servicing or primary servicing agreement to provide any of the annual compliance statements or annual
servicing criteria compliance reports or attestation reports) or the Performing Party’s negligence, bad faith or willful
misconduct in connection therewith. The Master Servicer, the Special Servicer, the Trustee, the Operating Advisor and the Certificate
Administrator shall (i) with respect to any Initial Sub-Servicer engaged by the Master Servicer, Special Servicer, Trustee
or Certificate Administrator that is a Servicing Function Participant or Additional Servicer, use commercially reasonable efforts
to cause such party to, and (ii) with respect to each other Additional Servicer or Servicing Function Participant, in each
case, with which it has entered into a servicing relationship with respect to the Mortgage Loans (and the

 

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Trust
Subordinate Companion Loan, if applicable) cause such party, in each case, to agree to the foregoing indemnification and contribution
obligations. This Section 11.12 shall survive the termination of this Agreement or the earlier resignation or removal
of the Master Servicer, the Special Servicer, the Trustee, the Operating Advisor, the Custodian or the Certificate Administrator.

 

Section 11.13  
Amendments. This Article XI may be amended with the written consent of the parties hereto pursuant to Section 13.01
for purposes of complying with Regulation AB and/or to conform to standards developed within the commercial mortgage-backed
securities market and the Sarbanes-Oxley Act without any Opinions of Counsel, Officer’s Certificates, Rating Agency Confirmation
with respect to the Certificates or, with respect to any Serviced Companion Loan Securities, a confirmation of the rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings (provided that
such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25), or the consent of any Certificateholder, notwithstanding
anything to the contrary contained in this Agreement; provided that the reports and certificates required to be prepared
pursuant to Sections 3.13, 11.09, 11.10 and 11.11 shall not be eliminated without Rating Agency
Confirmation with respect to the Certificates or, with respect to any Serviced Companion Loan Securities, without a confirmation
of the rating agencies that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings
(provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation
may be considered satisfied with respect to the Certificates pursuant to Section 3.25).

 

Section 11.14  
Regulation AB Notices. Any notice, report or certificate required to be delivered by any of the Master Servicer, the
Special Servicer, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, the Custodian or the
Trustee, as the case may be, to the Depositor pursuant to this Article XI may be delivered via email (and additionally
delivered via phone or telecopy), notwithstanding the provisions of Section 13.05, to J.P. Morgan Chase Commercial
Mortgage Securities Corp., 383 Madison Avenue, 8th Floor, New York, New York 10179, Attention: Kunal K. Singh, email: US_CMBS_Notice@jpmorgan.com,
with a copy to J.P. Morgan Chase Commercial Mortgage Securities Corp., 4 New York Plaza, Floor 21, New York, NY 10004-2413, Attention:
SPG Legal, email: US_CMBS_Notice@jpmorgan.com.

 

Section 11.15  
Certain Matters Relating to the Future Securitization of the Serviced Pari Passu Companion Loans. (a) Each of the Trustee,
the Certificate Administrator, the Master Servicer and the Special Servicer shall, and the Master Servicer and the Special Servicer
shall use commercially reasonable efforts to cause any sub-servicer appointed with respect to any Serviced Pari Passu Companion
Loan to, upon written request or notice from a Mortgage Loan Seller (or a permitted transferee of such Mortgage Loan Seller pursuant
to the related Intercreditor Agreement), reasonably cooperate with the Mortgage Loan Seller (or such permitted transferee) selling
any Serviced Pari Passu Companion Loan into a securitization that is required to comply with Regulation AB (a “Regulation
AB Companion Loan Securitization”) and, to the extent needed in order to comply with Regulation AB, provide to the Mortgage
Loan Seller (or such permitted transferee) information about itself that such Mortgage Loan Seller

 

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reasonably
requires to meet the requirements of Items 1117 and 1119 and paragraphs (b), (c)(3), (c)(4) and (c)(5) of Item 1108 of Regulation
AB and shall reasonably cooperate with such Mortgage Loan Seller to provide such other information as may be reasonably necessary
to comply with the requirements of Regulation AB. Each of the Trustee, the Certificate Administrator, the Master Servicer and
the Special Servicer understands that such information may be included in the offering material related to a Regulation AB Companion
Loan Securitization and agrees to negotiate in good faith an agreement (subject to the final sentence of this sub-section) to
indemnify and hold the related depositor and underwriters involved in the offering of the related Certificates harmless for any
costs, liabilities, fees and expenses incurred by the depositor or such underwriters as a result of any material misstatements
or omissions or alleged material misstatements or omissions in any such offering material to the extent that such material misstatement
or omission was made in reliance upon any such information provided by the Trustee (where such information pertains to the Trustee
individually and not to any specific aspect of the Trustee’s duties or obligations under this Agreement), the Certificate
Administrator (where such information pertains to the Certificate Administrator individually and not to any specific aspect of
the Certificate Administrator’s duties or obligations under this Agreement), the Master Servicer (where such information
pertains to the Master Servicer individually and not to any specific aspect of the Master Servicer’s duties or obligations
under this Agreement) and the Special Servicer (where such information pertains to the Special Servicer individually and not to
any specific aspect of the Special Servicer’s duties or obligations under this Agreement), as applicable, to such depositor,
underwriters or Mortgage Loan Seller (or permitted transferee) as required by this clause (a) (to the extent the cost thereof
is paid by the related Mortgage Loan Seller). Notwithstanding the foregoing, to the extent that the information provided by the
Trustee, the Certificate Administrator the Master Servicer or the Special Servicer, as applicable, for inclusion in the offering
materials related to such Regulation AB Companion Loan Securitization is substantially and materially similar to the information
provided by such party with respect to the offering materials related to this transaction, subject to any required changes due
to any amendments to Regulation AB or any changes in the interpretation of Regulation AB, such party shall be deemed to be in
compliance with this Section 11.15(a). Any indemnification agreement executed by the Trustee, the Certificate Administrator
the Master Servicer or Special Servicer in connection with the Regulation AB Companion Loan Securitization shall be substantially
similar to the related indemnification agreement executed in connection with this Agreement. It shall be a condition precedent
to any party’s obligations otherwise set forth above and/or elsewhere in Article XI that the applicable Mortgage
Loan Seller (or permitted transferee) shall have (a) provided reasonable advance notice (and, in any event, not less than
ten (10) Business Days) of the exercise of its rights hereunder and (b) paid, or entered into reasonable agreement to cause
to be paid, the reasonable out-of-pocket expenses (including reasonable fees and expenses of counsel) incurred by such party in
reviewing and/or causing the delivery of any disclosure, opinion of counsel or indemnification agreement.

 

(b)         Each of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer shall, and the Master Servicer
and the Special Servicer shall use commercially reasonable efforts to cause any Servicing Function Participant appointed with
respect to a Serviced Securitized Companion Loan to, upon request or notice from such parties (which request or notice may be
given once at the closing of such Regulation AB Companion Loan Securitization instead of each time a filing is required), cooperate
with the depositor, trustee, certificate administrator, master servicer or special servicer for any Regulation AB

 

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Companion
Loan Securitization in preparing each Form 10-D, Form ABS-EE and Form 10-K required to be filed by such Regulation AB Companion
Loan Securitization (until January 30 of the first year in which the trustee or other applicable party for such Regulation AB
Companion Loan Securitization files a Form 15 Suspension Notification with respect to the related trust) and shall provide to
such depositor, trustee, certificate administrator or master servicer within the time period set forth in the Other Pooling and
Servicing Agreement (so long as such time period is no earlier than the time periods set forth herein) for such Regulation AB
Companion Loan Securitization such information relating to a Serviced Securitized Companion Loan as may be reasonably necessary
for the depositor, trustee, certificate administrator and master servicer of the Regulation AB Companion Loan Securitization to
comply with the reporting requirements of Regulation AB and the Exchange Act; provided, however, that any parties
to any Regulation AB Companion Loan Securitization shall consult with the Trustee, the Certificate Administrator, the Master Servicer
and the Special Servicer (and Master Servicer shall consult with any sub-servicer appointed with respect to the related Serviced
Whole Loan), and the Trustee, the Certificate Administrator, such Master Servicer and the Special Servicer shall cooperate with
such parties in respect of establishing the time periods for preparation of the Form 10-D and Form ABS-EE reports in the documentation
for such Regulation AB Companion Loan Securitization. Notwithstanding the foregoing, to the extent the Trustee, the Certificate
Administrator, the Master Servicer or the Special Servicer, as the case may be, complies in all material respects with the timing,
reporting and attestation requirements imposed on such party in Article XI of this Agreement (other than this Section 11.15)
with respect to the comparable timing, reporting and attestation requirements contemplated in this Section 11.15(b)
with respect to such Regulation AB Companion Loan Securitization, such party shall be deemed to be in compliance with the provisions
of this Section 11.15(b).

 

(c)          Each of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer shall, and the Master Servicer
and the Special Servicer shall use commercially reasonable efforts to cause any Servicing Function Participant appointed with
respect to a Serviced Securitized Companion Loan to, upon request or notice from such trustee or certificate administrator (which
request or notice may be given once at the closing of such Regulation AB Companion Loan Securitization instead of each time a
filing is required), provide the trustee or certificate administrator, as applicable, under a Regulation AB Companion Loan Securitization
(until January 30 of the first year in which the trustee or certificate administrator, as applicable, for such Regulation AB Companion
Loan Securitization files a Form 15 Suspension Notification with respect to the related trust) information with respect to any
event that is required to be disclosed under Form 8-K with respect to a Serviced Securitized Companion Loan within two Business
Days after the occurrence of such event of which it has knowledge. Notwithstanding the foregoing, to the extent the Trustee, the
Certificate Administrator, the Master Servicer or the Special Servicer, as the case may be, complies in all material respects
with the timing, reporting and attestation requirements imposed on such party in Article XI of this Agreement (other
than this Section 11.15) with respect to the comparable timing, reporting and attestation requirements contemplated
in this Section 11.15(c) with respect to such Regulation AB Companion Loan Securitization, such party shall be deemed
to be in compliance with the provisions of this Section 11.15(c).

 

(d)          On or before March 1st of each year commencing in March 2020 during which a Regulation AB Companion Loan Securitization is
required to file an annual report on

 

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Form
10-K (and not in respect of any year in which Regulation AB Companion Loan Securitization is not required to file an annual report
on Form 10-K because a Form 15 Suspension Notification with respect to the related trust was filed), each of the Trustee, the
Master Servicer and the Special Servicer shall, and the Master Servicer and the Special Servicer shall use commercially reasonable
efforts to cause any Servicing Function Participant appointed with respect to a Serviced Securitized Companion Loan to, upon request
or notice from such trustee or certificate administrator (which request or notice may be given once at the closing of such Regulation
AB Companion Loan Securitization instead of each time a filing is required), provide, with respect to itself, to the trustee or
certificate administrator, as applicable, under such Regulation AB Companion Loan Securitization, to the extent required pursuant
to Item 1122 of Regulation AB, (i) a report on an assessment of compliance with the servicing criteria to the extent required
pursuant to Item 1122(a) of Regulation AB, (ii) a registered accounting firm’s attestation report on such Person’s
assessment of compliance with the applicable servicing criteria to the extent required pursuant to Item 1122(b) of Regulation
AB and (iii) such other information as may be required pursuant to Item 1122(c) of Regulation AB. Notwithstanding the foregoing,
to the extent the Master Servicer or the Special Servicer, as the case may be, complies in all material respects with the timing,
reporting and attestation requirements imposed on such party in Article XI of this Agreement (other than this Section 11.15)
with respect to the comparable timing, reporting and attestation requirements contemplated in this Section 11.15(d)
with respect to such Regulation AB Companion Loan Securitization, such party shall be deemed to be in compliance with the provisions
of this Section 11.15(d).

 

(e)           On or before March 1st of each year commencing in March 2020 during which a Regulation AB Companion Loan Securitization is
required to file an annual report on Form 10-K (and not in respect of any year in which Regulation AB Companion Loan Securitization
is not required to file an annual report on Form 10-K because a Form 15 Suspension Notification with respect to the related trust
was filed), each of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer shall, and the Master
Servicer and the Special Servicer shall use commercially reasonable efforts to cause any Servicing Function Participant appointed
with respect to a Serviced Securitized Companion Loan to, to the extent required pursuant to Item 1123 of Regulation AB, deliver,
with respect to itself, to the trustee or certificate administrator under the such Regulation AB Companion Loan Securitization,
upon request or notice from such trustee (which request or notice may be given once at the closing of such Regulation AB Companion
Loan Securitization instead of each time a filing is required), under such Regulation AB Companion Loan Securitization a servicer
compliance statement signed by an authorized officer of such Person that satisfies the requirements of Item 1123 of Regulation
AB. Notwithstanding the foregoing, to the extent the Trustee, the Certificate Administrator, the Master Servicer or the Special
Servicer, as the case may be, complies in all material respects with the timing, reporting and attestation requirements imposed
on such party in Article XI of this Agreement (other than this Section 11.15) with respect to the comparable
timing, reporting and attestation requirements contemplated in this Section 11.15(e) with respect to such Regulation
AB Companion Loan Securitization, such party shall be deemed to be in compliance with the provisions of this Section 11.15(e).

 

(f)            Each of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer shall use commercially reasonable
efforts to cause a Servicing Function Participant to agree (severally but not jointly) to indemnify (such indemnity limited to
each such

 

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parties
respective failure described below) and hold the related Mortgage Loan Seller (or permitted transferee), depositor, sponsor(s),
trustee, certificate administrator or master servicer under a Regulation AB Companion Loan Securitization harmless for any costs,
liabilities, fees and expenses incurred by such Mortgage Loan Seller, depositor, sponsor(s), trustee, certificate administrator
or master servicer as a result of any failure by the Servicing Function Participant to comply with the reporting requirements
to the extent applicable set forth under Sections 11.15(b), (c), (d) or (e) above.

 

Any
subservicing agreement related to a Serviced Securitized Companion Loan shall contain a provision requiring the related Sub-Servicer
to provide to the Master Servicer or Special Servicer, as applicable, information, reports, statements and certificates with respect
to itself and such Serviced Securitized Companion Loan comparable to any information, reports, statements or certificates required
to be provided by the Master Servicer or Special Servicer pursuant to this Section 11.15, even if such Sub-Servicer
is not otherwise required to provide such information, reports or certificates to any Person in order to comply with Regulation
AB. Such information, reports or certificates shall be provided to the Master Servicer or Special Servicer, as applicable, no
later than two Business Days prior to the date on which the Master Servicer or Special Servicer, as applicable, is required to
deliver its comparable information, reports, statements or certificates pursuant to this Section 11.15.

 

(g)          With respect to any Mortgaged Property that secures a Serviced Companion Loan that the applicable Other Depositor has notified
the Master Servicer and the Special Servicer in writing is a “significant obligor” (within the meaning of Item 1101(k)
of Regulation AB) (together with notification of the Relevant Distribution Date) with respect to an Other Securitization that
includes such Serviced Companion Loan, to the extent that the Master Servicer or the Special Servicer is in receipt of the updated
financial statements of such “significant obligor” for any calendar quarter (other than the fourth calendar quarter
of any calendar year) from the Mortgagor, beginning with the first calendar quarter following receipt of such notice from the
Other Depositor, or the updated financial statements of such “significant obligor” for any calendar year from the
related Mortgagor, beginning for the calendar year following such notice from the Other Depositor, as applicable, the Master Servicer
or the Special Servicer shall deliver to the Other Depositor, on or prior to the day that occurs two (2) Business Days prior to
the related Significant Obligor NOI Quarterly Filing Deadline or seven (7) Business Days prior to the related Significant Obligor
NOI Yearly Filing Deadline, as applicable, (A) if such financial statement receipt occurs twelve (12) or more Business Days
prior to the related Significant Obligor NOI Quarterly Filing Deadline or seventeen (17) or more Business Days prior to the related
Significant Obligor NOI Yearly Filing Deadline, as applicable, such financial statements of the “significant obligor”,
together with the net operating income of such “significant obligor” for the applicable period as calculated by the
Master Servicer or the Special Servicer, as applicable, in accordance with CREFC® guidelines and (B) if such
financial statement receipt occurs less than twelve (12) Business Day prior to the related Significant Obligor NOI Quarterly Filing
Deadline or less than seventeen (17) Business Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as applicable,
such financial statements of the “significant obligor”, together with the net operating income of such “significant
obligor” for the applicable period as reported by the related Mortgagor in such financial statements.

 

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If
the Master Servicer or Special Servicer, as applicable, does not receive financial information satisfactory to comply with Item
6 of Form 10-D or Item 1112(b)(1) of Form 10-K, as the case may be, of such “significant obligor” within ten (10)
Business Days after the date such financial information is required to be delivered under the related Mortgage Loan documents,
the Master Servicer or Special Servicer, as applicable, shall notify the Other Depositor with respect to such Other Securitization
that includes the related Companion Loan (and shall cause each applicable Sub-Servicing Agreement to require any related Sub-Servicer
to notify such Other Depositor) that it has not received such financial information.  The Master Servicer or Special Servicer,
as applicable, shall use efforts consistent with the Servicing Standard (taking into account, in addition, the ongoing reporting
obligations of such Other Depositor under the Exchange Act) to obtain the periodic financial statements of the related Mortgagor
under the related Mortgage Loan documents.

 

The
Master Servicer or Special Servicer, as applicable, shall (and shall cause any related Sub-Servicing Agreement entered into after
receipt of written notice from the Other Depositor that such Serviced Pari Passu Companion Loan is a significant obligor to require
the related Sub-Servicer to) retain written evidence of each instance in which it (or a Sub-Servicer) attempts to contact the
related Mortgagor related to any such “significant obligor” (identified to it as such by the Other Depositor in accordance
with the second preceding paragraph) to obtain the required financial information and is unsuccessful and, within five (5) Business
Days prior to the date in which a Form 10-D or Form 10-K, as applicable, is required to be filed by the Other Securitization,
shall forward an Officer’s Certificate evidencing its attempts to obtain this information to the certificate administrator
and Other Depositor related to such Other Securitization. This Officer’s Certificate should be addressed to the certificate
administrator at its corporate trust office, as specified in the related Other Pooling and Servicing Agreement.

 

Section 11.16  
Certain Matters Regarding Significant Obligors. For the avoidance of doubt, there is no “significant obligor”
(within the meaning of Item 1101(k) of Regulation AB) as of the Closing Date (“Significant Obligor”) related
to the Trust.

 

Section 11.17  
Impact of Cure Period. For the avoidance of doubt, neither the Master Servicer nor the Special Servicer shall be subject
to a Servicer Termination Event pursuant to clause (iii) of the definition thereof prior to the expiration of the
grace period applicable to such party’s obligations under Article XI as provided for in such clause (iii)
nor shall any such party be deemed to not be in compliance under this Agreement, during any grace period provided for in this
Article XI; provided that if any such party fails to comply with the delivery requirements of this Article XI
by the expiration of any applicable grace period such failure shall constitute a Servicer Termination Event. Neither the Master
Servicer nor the Special Servicer shall be subject to a Servicer Termination Event pursuant to clause (iii) of the
definition thereof prior to the expiration of the grace period applicable to such party’s obligations under this Article XI
as provided for in such clause (iii) nor shall any such party be deemed to not be in compliance under this Agreement,
for failing to deliver any item required under this Article XI by the time required hereunder with respect to any
reporting period for which the Trust (or any trust in a related Other Securitization) is not required to file Exchange Act reports.

 

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[End
of Article XI]

 

Article XII

THE ASSET REPRESENTATIONS REVIEWER

 

Section 12.01  
Asset Review. (a)  On or prior to each Distribution Date, based on either the CREFC® Delinquent
Loan Status Report or the CREFC® Loan Periodic Update File, the Certificate Administrator shall determine if an
Asset Review Trigger has occurred. If an Asset Review Trigger is determined to have occurred, the Certificate Administrator shall
promptly provide notice to all Certificateholders and each other party to this Agreement. Any notice required to be delivered
to the Certificateholders pursuant to this Article XII shall be delivered by the Certificate Administrator by posting
such notice on the Certificate Administrator’s Website, by mailing such notice to the Certificateholders’ addresses
appearing in the Certificate Register in the case of Definitive Certificates and by delivering such notice via the Depository
in the case of Book-Entry Certificates. The Certificate Administrator shall include in the Form 10-D relating to the reporting
period in which the Asset Review Trigger occurred the following statement describing the events that caused the Asset Review Trigger
to occur: “As of the [Date of Distribution], the following mortgage loans identified below are 60 or more days delinquent
and an Asset Review Trigger as defined in the Pooling and Servicing Agreement has occurred”. On each Distribution Date occurring
after providing such notice to Certificateholders, the Certificate Administrator, based on information provided to it by the Master
Servicer, shall determine whether (1) any additional Mortgage Loan has become a Delinquent Loan, (2) any Mortgage Loan
has ceased to be a Delinquent Loan and (3) whether an Asset Review Trigger has ceased to exist, and, if there is an occurrence
of any of the events or circumstances identified in clauses (1), (2) and/or (3), deliver written notice of
such information (which may be via email) substantially in the form attached hereto as Exhibit SS within two (2) Business
Days to the Master Servicer, the Special Servicer, the Operating Advisor and the Asset Representations Reviewer.

 

If
Certificateholders evidencing not less than 5% of the aggregate Pooled Voting Rights of the Certificates deliver to the Certificate
Administrator, within ninety (90) days after the filing of the Form 10-D reporting the occurrence of an Asset Review Trigger,
a written direction requesting a vote to commence an Asset Review (such written direction, the “Asset Review Vote Election”),
then upon receipt of the Asset Review Vote Election, the Certificate Administrator shall promptly provide written notice thereof
to all Certificateholders and the Asset Representations Reviewer and conduct a solicitation of votes in accordance with Section 5.10
to authorize an Asset Review. Upon the affirmative vote to authorize an Asset Review of Holders of Certificates evidencing
at least a majority of an Asset Review Quorum within 150 days of receipt of the Asset Review Vote Election (an “Affirmative
Asset Review Vote”), the Certificate Administrator shall promptly provide written notice thereof to all parties to this
Agreement, the Underwriters, the Mortgage Loan Sellers, the Directing Certificateholder, the Risk Retention Consultation Parties
and the Certificateholders (the “Asset Review Notice”). Upon receipt of an Asset Review Notice, the Asset Representations
Reviewer shall request access to the Secure Data Room by providing the Certificate Administrator with a certification substantially
in the form attached hereto as Exhibit RR (which shall be sent via email to

 

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trustadministrationgroup@wellsfargo.com
or submitted electronically via the Certificate Administrator’s Website). Upon receipt of such certification, the Certificate
Administrator shall promptly grant the Asset Representations Reviewer access to the Secure Data Room. In the event an Affirmative
Asset Review Vote has not occurred within such 150-day period following the receipt of the Asset Review Vote Election, no Certificateholder
may request a vote or cast a vote for an Asset Review and the Asset Representations Reviewer shall not be required to review any
Delinquent Loan unless and until (A) an additional Mortgage Loan has become a Delinquent Loan after the expiration of such
150-day period, (B) an Asset Review Trigger has occurred as a result or otherwise is in effect, (C) the Certificate
Administrator has received any Asset Review Vote Election after the occurrence of the events described in clauses (A)
and (B) in this sentence and (D) an Affirmative Asset Review Vote has occurred within 150 days after the Asset
Review Vote Election described in clause (C) in this sentence. After the occurrence of any Asset Review Vote Election
or an Affirmative Asset Review Vote, no Certificateholder may make any additional Asset Review Vote Election except as described
in the immediately preceding sentence. Any reasonable out-of-pocket expenses incurred by the Certificate Administrator in connection
with administering such vote will be paid as an expense of the Trust from the Collection Account. The Certificate Administrator
shall be entitled to administer any vote in connection with the foregoing through an agent.

 

(b)           (i)  Upon receipt of an Asset Review Notice, the Custodian (with respect to the following clauses (1) - (5)
for all Mortgage Loans), the Master Servicer (with respect to the following clauses (6) and (7) for Non-Specially
Serviced Loans) and the Special Servicer (with respect to the following clauses (6) and (7) for Specially Serviced
Loans), in each case to the extent in such party’s possession, shall promptly, but in no event later than ten (10) Business
Days (except with respect to the following clause (7)) after receipt of such notice from the Certificate Administrator,
provide or make available, the following materials (in secure electronic format) to the Asset Representations Reviewer (collectively,
with the Diligence Files, a copy of the Prospectus, a copy of each related Mortgage Loan Purchase Agreement and a copy of this
Agreement, the “Review Materials”):

 

(1)       a
copy of an assignment of the Mortgage in favor of the Trustee, with evidence of recording thereon, for each Delinquent Loan that
is subject to an Asset Review;

 

(2)       a
copy of an assignment of any related assignment of leases (if such item is a document separate from the Mortgage) in favor of
the Trustee, with evidence of recording thereon, related to each Delinquent Loan that is subject to an Asset Review;

 

(3)       
a copy of the assignment of all unrecorded documents relating to each Delinquent Loan that is subject to an Asset Review, if not
already covered pursuant to items (1) or (2) above;

 

(4)       a
copy of all filed copies (bearing evidence of filing) or evidence of filing of any UCC Financing Statements related to each Delinquent
Loan that is subject to an Asset Review;

 

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(5)       a
copy of an assignment in favor of the Trustee of any financing statement executed and filed in the relevant jurisdiction related
to each Delinquent Loan that is subject to an Asset Review;

 

(6)       a
copy of any notice previously delivered by the Master Servicer or the Special Servicer, as applicable, of any alleged Defect or
Breach with respect to any Delinquent Loan; and

 

(7)       any
other related documents that are reasonably requested by the Asset Representations Reviewer to be delivered by the Master Servicer
or the Special Servicer, as applicable, in the time frames and as otherwise described below.

 

(ii)      In
the event that, as part of an Asset Review of any Mortgage Loan, the Asset Representations Reviewer determines that the Review
Materials provided to it with respect to any Mortgage Loan are missing any document delivered in connection with the origination
of the related Mortgage Loan that are necessary to review and assess one or more documents comprising the Diligence File in connection
with its completion of any Test, the Asset Representations Reviewer shall promptly, but in no event later than ten (10) Business
Days after receipt of the Review Materials, identified in clauses (1) through (6) above, notify the Master Servicer (with respect
to Non-Specially Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans), as applicable, of such missing
documents, and the Master Servicer or the Special Servicer, as applicable, shall promptly, but in no event later than ten (10)
Business Days after receipt of such notification from the Asset Representations Reviewer, deliver to the Asset Representations
Reviewer such missing documents to the extent in its possession; provided that any such notification and/or request shall
be in writing, specifically identifying the documents being requested and sent to the notice address for the related party set
forth in Section 13.05 of this Agreement. In the event any missing documents are not provided by the Master Servicer
or Special Servicer, as applicable, within such 10-Business Day period, the Asset Representations Reviewer shall request such
documents from the related Mortgage Loan Seller; provided that the Special Servicer or the Master Servicer, as applicable,
shall, and the Mortgage Loan Seller shall be required under the related Mortgage Loan Purchase Agreement to, deliver such additional
documents only to the extent such documents are in the possession of such party.

 

(iii)      The
Asset Representations Reviewer may, but is under no obligation to, consider and rely upon information furnished to it by a Person
that is not a party to this Agreement or the applicable Mortgage Loan Seller, and shall do so only if such information can be
independently verified (without unreasonable effort or expense to the Asset Representations Reviewer) and is determined by the
Asset Representations Reviewer in its good faith and sole discretion to be relevant to the Asset Review (any such information,
“Unsolicited Information”) conducted pursuant to this Section 12.01 hereof.

 

(iv)      Upon
receipt by the Asset Representations Reviewer of the Asset Review Notice and access to the Diligence Files posted to the Secure
Data Room with respect to a

 

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Delinquent
Loan, the Asset Representations Reviewer, as an independent contractor, shall commence a review of the compliance of each Delinquent
Loan with the representations and warranties related to that Delinquent Loan (such review, the “Asset Review”).
The Asset Representations Reviewer shall perform an Asset Review with respect to each representation and warranty made by the
related Mortgage Loan Seller with respect to such Delinquent Loan in accordance with the Asset Review Standard and the procedures
set forth on Exhibit QQ-A, QQ-B and QQ-C hereto (such procedure, a “Test”); provided,
however, the Asset Representations Reviewer may, but is under no obligation to, modify any Test and/or associated Review Materials
described in Exhibit QQ if, and only to the extent, the Asset Representations Reviewer determines pursuant to the Asset
Review Standard that it is necessary to modify such Test and/or such associated Review Materials in order to facilitate its Asset
Review in accordance with the Asset Review Standard. Once an Asset Review of a Mortgage Loan is completed, no further Asset Review
shall be required in respect of, or performed on, such Mortgage Loan notwithstanding that such Mortgage Loan may continue to be
a Delinquent Loan or again become a Delinquent Loan at a time when a new Asset Review Trigger occurs and a new Affirmative Asset
Review Vote is obtained subsequent to the occurrence of such new Asset Review Trigger.

 

(v)       The
Asset Representations Reviewer shall not be required to review any information other than (x) the Review Materials or (y) if
applicable, Unsolicited Information.

 

(vi)      The
Asset Representations Reviewer may, absent manifest error and subject to the Asset Review Standard, (x) assume, without independent
investigation or verification, that the Review Materials are accurate and complete in all material respects and (y) conclusively
rely on such Review Materials.

 

(vii)     The
Asset Representations Reviewer shall prepare a preliminary report with respect to each Delinquent Loan within forty (40) Business
Days after the date on which access to the Secure Data Room is provided to the Asset Representations Reviewer by the Certificate
Administrator; provided that the Asset Representations Reviewer shall not be required to prepare a preliminary report in
the event the Asset Representations Reviewer determines that there is no Test failure with respect to the related Delinquent Loan.
In the event that the Asset Representations Reviewer determines that the Review Materials are insufficient to complete a Test
and such missing documentation is not delivered to the Asset Representations Reviewer by the Master Servicer (with respect to
Non-Specially Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans) to the extent in its possession
or by the related Mortgage Loan Seller within ten (10) Business Days following the request by the Asset Representations Reviewer
as described in Section 12.01(b)(ii), the Asset Representations Reviewer shall list such missing documents in such
preliminary report setting forth the preliminary results of the application of the Tests and the reasons why such missing documents
are necessary to complete a Test and (if the Asset Representations Reviewer has so concluded) that the absence of such documents
shall be deemed to be a failure of such Test. The Asset Representations Reviewer shall provide such preliminary report to the
Master Servicer (with respect to Non-Specially Serviced Loans) or the Special Servicer

 

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(with
respect to Specially Serviced Loans), as applicable, and the related Mortgage Loan Seller. The Special Servicer, if applicable,
may review such preliminary report and determine whether any information contained in such preliminary report shall be labeled
as “Privileged Information” and thus be excluded from the Asset Review Report and Asset Review Report Summary, subject
to Section 12.01(c). If the preliminary report indicates that any of the representations and warranties fails or is
deemed to fail any Test, the related Mortgage Loan Seller shall have ninety (90) days (the “Cure/Contest Period”)
to remedy or otherwise refute the failure. Any documents provided or explanations given to support the Mortgage Loan Seller’s
claim that the representation and warranty has not failed a Test or that any missing documents in the Review Materials are not
required to complete a Test shall be promptly delivered by the related Mortgage Loan Seller to the Asset Representations Reviewer.

 

(viii)    The
Asset Representations Reviewer shall, within sixty (60) days after the date on which access to the Secure Data Room is provided
to the Asset Representations Reviewer by the Certificate Administrator or within the ten (10) days after the expiration of the
Cure/Contest Period (whichever is later), complete an Asset Review with respect to each Delinquent Loan and deliver (i) a
report setting forth the Asset Representations Reviewer’s findings and conclusions as to whether or not it has determined
there is any evidence of a failure of any Test based on the Asset Review and a statement that the Asset Representations Reviewer’s
findings and conclusions set forth in such report were not influenced by any third party (an “Asset Review Report”)
to each party to the PSA and the related Mortgage Loan Seller for each Delinquent Loan and (ii) a summary of the Asset Representations
Reviewer’s conclusions included in such Asset Review Report (an “Asset Review Report Summary”) to the
Trustee and the Certificate Administrator. The period of time by which the Asset Review Report must be completed and delivered
may be extended by up to an additional thirty (30) days, upon written notice to the parties to this Agreement and the applicable
Mortgage Loan Seller, if the Asset Representations Reviewer determines pursuant to the Asset Review Standard that such additional
time is required due to the characteristics of the Mortgage Loan and/or the Mortgaged Property or Mortgaged Properties. In no
event may the Asset Representations Reviewer determine whether any Test failure constitutes a Material Defect, or whether the
Trust should enforce any rights it may have against the applicable Mortgage Loan Seller, which, in each case, shall be a responsibility
of the Special Servicer or Master Servicer, as applicable, pursuant to Section 2.03(f) of this Agreement.

 

(ix)       In
addition, in the event that the Asset Representations Reviewer does not receive any documentation that it requested from the Master
Servicer or the Special Servicer, as applicable, or the related Mortgage Loan Seller in sufficient time to allow the Asset Representations
Reviewer to complete its Asset Review and deliver an Asset Review Report, the Asset Representations Reviewer shall prepare the
Asset Review Report solely based on the documentation received by the Asset Representations Reviewer with respect to the related
Delinquent Loan, and the Asset Representations Reviewer shall have no responsibility to independently obtain any such documentation
from any party to this Agreement.

 

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(x)        Within
forty-five (45) days after receipt of an Asset Review Report with respect to any Mortgage Loan, the Master Servicer (with respect
to Non-Specially Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans) shall determine whether at
that time, based on the Servicing Standard, there exists a Material Defect with respect to such Mortgage Loan. If the Master Servicer
or the Special Servicer, as applicable, determines that a Material Defect exists, the Master Servicer or Special Servicer, as
applicable, shall enforce the obligations of the related Mortgage Loan Seller with respect to such Material Defect in accordance
with Section 2.03(b).

 

(xi)       With
respect to any Delinquent Loan, that is a Non-Serviced Mortgage Loan, to the extent any documents required by the Asset Representations
Reviewer to complete a Test are missing or have not been received from the related Mortgage Loan Seller, the Asset Representations
Reviewer will request such document(s) from the related Non-Serviced Master Servicer (if such Non-Serviced Mortgage Loan is being
serviced by a Non-Serviced Master Servicer) or the related Non-Serviced Special Servicer (if such Non-Serviced Mortgage Loan is
being serviced by a Non-Serviced Special Servicer).

 

(xii)      For
the avoidance of doubt, the Asset Representations Reviewer shall not perform an Asset Review with respect to the Trust Subordinate
Companion Loan at any time.

 

(c)        The Asset Representations Reviewer shall keep all information appropriately labeled as “Privileged Information” confidential
and shall not disclose such Privileged Information to any Person (including Certificateholders), other than (1) to the extent
expressly required by this Agreement in an Asset Review Report or otherwise, to the other parties to this Agreement with a notice
indicating that such information is Privileged Information or (2) pursuant to a Privileged Information Exception. Each party to
this Agreement that receives Privileged Information from the Asset Representations Reviewer with a notice stating that such information
is Privileged Information shall not disclose such Privileged Information to any Person without the prior written consent of the
Special Servicer other than pursuant to a Privileged Information Exception. In addition, the Asset Representations Reviewer shall
keep all documents and information received by the Asset Representations Reviewer in connection with an Asset Review that are
provided by the applicable Mortgage Loan Seller, the Master Servicer and the Special Servicer confidential and shall not disclose
such documents or information except (i) for purposes of complying with its duties and obligations under this Agreement, (ii)
if such documents or information become generally available and known to the public other than as a result of a disclosure directly
or indirectly by the Asset Representations Reviewer, (iii) if it is reasonable and necessary for the Asset Representations Reviewer
to disclose such documents or information in working with legal counsel, auditors, taxing authorities or other governmental agencies,
(iv) if such documents or information was already known to the Asset Representations Reviewer and not otherwise subject to a confidentiality
obligation and/or (v) if the Asset Representations Reviewer is required by law, rule, regulation, order, judgment or decree to
disclose such document or information.

 

In
addition, with respect to any Delinquent Loan that is a Non-Serviced Mortgage Loan, to the extent any documents required by the
Asset Representations Reviewer to complete a

 

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Test
are missing or have not been received from the related Mortgage Loan Seller, the Asset Representations Reviewer shall request
such document(s) from the related Non-Serviced Master Servicer (if such Non-Serviced Mortgage Loan is being serviced by a Non-Serviced
Master Servicer) or the related Non-Serviced Special Servicer (if such Non-Serviced Mortgage Loan is being serviced by a Non-Serviced
Special Servicer).

 

(d)         The Asset Representations Reviewer may delegate its duties to agents or subcontractors so long as the related agreements or arrangements
with such agents or subcontractors are consistent with the provisions of this Section 12.01; provided that
no agent or subcontractor may (1) be affiliated with any Mortgage Loan Seller, Master Servicer, Special Servicer, the Depositor,
the Certificate Administrator, the Trustee, the Directing Certificateholder or any of their respective Affiliates or (2) have
been paid any fees, compensation or other remuneration by an Underwriter, Master Servicer, Special Servicer, the Depositor, the
Certificate Administrator, the Trustee, the Directing Certificateholder or any of their respective Affiliates in connection with
due diligence or other services with respect to any Mortgage Loan prior to the Closing Date. Notwithstanding the foregoing sentence,
the Asset Representations Reviewer shall remain obligated and primarily liable for any Asset Review required hereunder in accordance
with the provisions of this Agreement without diminution of such obligation or liability or related obligation or liability by
virtue of such delegation or arrangements or by virtue of indemnification from any Person acting as its agents or subcontractor
to the same extent and under the same terms and conditions as if the Asset Representations Reviewer alone were performing its
obligations under this Agreement. The Asset Representations Reviewer shall be entitled to enter into an agreement with any agent
or subcontractor providing for indemnification of the Asset Representations Reviewer by such agent or subcontractor, and nothing
contained in this Agreement shall be deemed to limit or modify such indemnification.

 

Section 12.02  
Payment of Asset Representations Reviewer Asset Review Fees and Expenses; Limitation of Liability. (a)  As compensation
for the performance of its routine duties, the Asset Representations Reviewer shall be paid a $5,000 setup fee and shall be paid
a fee (the “Asset Representations Reviewer Fee”), payable monthly from amounts received in respect of the Mortgage
Loans and shall be equal to the product of a rate equal to 0.00025% per annum (the “Asset Representations Reviewer
Fee Rate”) and the Stated Principal Balance of the Mortgage Loans and any REO Loans (including each Non-Serviced Mortgage
Loan, but not any Companion Loan) and shall be calculated in the same manner as interest is calculated on such Mortgage Loans.

 

(b)         Upon the completion of any Asset Review with respect to a Delinquent Loan, the Asset Representations Reviewer shall be entitled
to a fee that is a reasonable and customary hourly fee charged by the Asset Representations Reviewer for similar consulting assignments
at the time of such review and any related costs and expenses; provided that the total payment to the Asset Representations
Reviewer shall not be greater than the Asset Representations Reviewer Cap (the “Asset Representations Reviewer Asset
Review Fee”). With respect to an individual Asset Review Trigger, the “Asset Representations Reviewer Cap”
shall equal the sum of: (i) $9,500 multiplied by the number of the Mortgage Loans that are Delinquent Loans and subject to an
Asset Review (the “Subject Loans”), plus (ii) $1,500 per Mortgaged Property relating to the Subject Loans in
excess of one Mortgaged Property per Subject Loan,

 

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plus
(iii) $1,000 per Mortgaged Property relating to a Subject Loan subject to a ground lease, plus (iv) $1,000 per Mortgaged Property
relating to a Subject Loan subject to a franchise agreement, hotel management agreement or hotel license agreement.

 

(c)          The Asset Representations Reviewer Asset Review Fee with respect to each Delinquent Loan shall be paid by the related Mortgage Loan Seller; provided
that if the total charge for the Asset Representations Reviewer on an hourly fee plus costs and expenses basis would exceed
the Asset Representations Reviewer Cap, each Mortgage Loan Seller’s required payment shall be reduced pro rata according
to its proportion of the total charges until the aggregate amount owed by all Mortgage Loan Sellers is equal to the Asset Representations
Reviewer Cap; provided, however, that if the related Mortgage Loan Seller is insolvent, such fee shall become an
expense of the Trust following delivery by the Asset Representations Reviewer of evidence reasonably satisfactory to the Master
Servicer or the Special Servicer, as applicable, of such insolvency to pay such amount; provided, further, however,
that notwithstanding any payment of such fee by the Trust to the Asset Representations Reviewer, such fee shall remain an obligation
of the related Mortgage Loan Seller and the Master Servicer or the Special Servicer, as applicable, shall be required, to the
extent consistent with the Servicing Standard, to pursue remedies against such Mortgage Loan Seller in accordance with the Servicing
Standard in order to seek recovery of such amounts from such Mortgage Loan Seller or its insolvency estate.

 

(d)          Notwithstanding the foregoing, the Asset Representations Reviewer Asset Review Fee with respect to a Delinquent Loan shall be
included in the Purchase Price for any Mortgage Loan that was the subject of a completed Asset Review that is repurchased by a
Mortgage Loan Seller to the extent such fee was not already paid by the related Mortgage Loan Seller, and such portion of the
Purchase Price received shall be used to reimburse the Trust for such fees paid to the Asset Representations Reviewer pursuant
to Section 12.02(c).

 

(e)          The Asset Representations Reviewer shall be liable in accordance herewith only to the extent of the obligations specifically imposed
by this Agreement.

 

(f)           The Asset Representations Reviewer may assign its rights and obligations under this Agreement in connection with the sale or transfer
of all or substantially all of its Asset Representations Reviewer portfolio, provided that: (i) the purchaser or transferee
accepting such assignment and delegation (A) is an Eligible Asset Representations Reviewer, organized and doing business under
the laws of the United States of America, any state of the United States of America or the District of Columbia, authorized under
such laws to perform the duties of the asset representations reviewer resulting from a merger, consolidation or succession that
is permitted under this Agreement, (B) executes and delivers to the Trustee and the Certificate Administrator an agreement that
contains an assumption by such person of the due and punctual performance and observance of each covenant and condition to be
performed or observed by the asset representations reviewer under this Agreement from and after the date of such agreement and
(C) is not a Prohibited Party under this Agreement; (ii) the Asset Representations Reviewer shall not be released from its obligations
under this Agreement that arose prior to the effective date of such assignment and delegation; (iii) the rate at which each of
the Asset Representations Reviewer Fee and the Asset Representations Reviewer Asset Review Fee (or any component

 

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thereof)
is calculated shall not exceed the rate then in effect and (iv) the resigning Asset Representations Reviewer shall be responsible
for the reasonable costs and expenses of each other party to this Agreement and the Rating Agencies in connection with such transfer.
Upon acceptance of such assignment and delegation, the purchaser or transferee shall provide notice to each party to this Agreement
and then will be the successor asset representations reviewer hereunder.

 

Section 12.03  
Resignation of the Asset Representations Reviewer. The Asset Representations Reviewer may at any time resign and be discharged from its obligations hereunder by giving written notice
thereof to the other parties to this Agreement and each Rating Agency. In addition, the Asset Representations Reviewer shall at
all times be, and shall resign if it fails to be an Eligible Asset Representations Reviewer by giving written notice to the other
parties to this Agreement. Upon such notice of resignation, the Depositor shall promptly appoint a successor asset representations
reviewer that is an Eligible Asset Representations Reviewer. No resignation of the asset representations reviewer will be effective
until a successor asset representations reviewer that is an Eligible Asset Representations Reviewer has been appointed and accepted
the appointment. If no successor asset representations reviewer shall have been so appointed and have accepted appointment within
thirty (30) days after the giving of such notice of resignation, the resigning Asset Representations Reviewer may petition
any court of competent jurisdiction for the appointment of a successor asset representations reviewer that is an Eligible Asset
Representations Reviewer. The Asset Representations Reviewer will bear all costs and expenses of each other party hereto and each
Rating Agency in connection with its resignation.

 

Section 12.04  
Restrictions of the Asset Representations Reviewer. Neither the Asset Representations Reviewer nor any of its Affiliates
shall make any investment in any Class of Certificates; provided, however, that such prohibition shall not apply
to (i) riskless principal transactions effected by a broker dealer Affiliate of the Asset Representations Reviewer or (ii) investments
by an Affiliate of the Asset Representations Reviewer if the Asset Representations Reviewer and such Affiliate maintain policies
and procedures that (A) segregate personnel involved in the activities of the Asset Representations Reviewer under this Agreement
from personnel involved in such Affiliate’s investment activities and (B) prevent such Affiliate and its personnel
from gaining access to information regarding the Trust and the Asset Representations Reviewer and its personnel from gaining access
to such Affiliate’s information regarding its investment activities.

 

Section 12.05  
Termination of the Asset Representations Reviewer. (a)  An “Asset Representations Reviewer Termination
Event” means any one of the following events whether it shall be voluntary or involuntary or be effected by operation
of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental
body:

 

(i)       
any failure by the Asset Representations Reviewer to observe or perform in any material respect any of its covenants or agreements
or the material breach of its representations or warranties under this Agreement, which failure shall continue unremedied for
a period of thirty (30) days after the date on which written notice of such failure, requiring the same to be remedied, shall
have been given to the Asset

 

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Representations
Reviewer by the Trustee or to the Asset Representations Reviewer and the Trustee by the Holders of Certificates having greater
than 25% of the aggregate Pooled Voting Rights of all the then outstanding Pooled Certificates;

 

(ii)       any
failure by the Asset Representations Reviewer to perform in accordance with the Asset Review Standard in any material respect
which failure shall continue unremedied for a period of thirty (30) days after the date on which written notice of such failure,
requiring the same to be remedied, is given to the Asset Representations Reviewer by any party to this Agreement;

 

(iii)      any
failure by the Asset Representations Reviewer to be an Eligible Asset Representations Reviewer, which failure shall continue unremedied
for a period of thirty (30) days after the date on which written notice of such failure, requiring the same to be remedied,
is given to the Asset Representations Reviewer by any party to this Agreement;

 

(iv)      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 or receiver
or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the
winding-up or liquidation of its affairs, shall have been entered against the Asset Representations Reviewer, and such decree
or order shall have remained in force undischarged or unstayed for a period of sixty (60) days;

 

(v)       the
Asset Representations Reviewer shall consent to the appointment of a conservator or receiver or liquidator or liquidation committee
in any insolvency, readjustment of debt, marshaling of assets and liabilities, voluntary liquidation, or similar proceedings of
or relating to the Asset Representations Reviewer or of or relating to all or substantially all of its property; or

 

(vi)      the
Asset Representations Reviewer shall admit in writing its inability to pay its debts generally as they become due, file a petition
to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors,
or voluntarily suspend payment of its obligations.

 

Upon
receipt by the Certificate Administrator of written notice of the occurrence of any Asset Representations Reviewer Termination
Event, the Certificate Administrator shall promptly provide written notice to all Certificateholders (which shall be simultaneously
delivered to the Asset Representations Reviewer) in accordance with the notice distribution procedures described in Section 12.01(a),
unless the Certificate Administrator has received written notice that such Asset Representations Reviewer Termination Event has
been remedied. If an Asset Representations Reviewer Termination Event shall occur then, and in each and every such case, so long
as such Asset Representations Reviewer Termination Event shall not have been remedied, either the Trustee (i) may or (ii) upon
the written direction of Holders of Certificates evidencing not less than 25% of the Pooled Voting Rights (without regard to the
application of any Appraisal Reduction Amounts), the Trustee shall, terminate all of the rights and obligations of the Asset Representations
Reviewer under this Agreement, other than rights and obligations accrued prior to such termination (including the right to receive
all amounts

 

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accrued
and owing to it under this Agreement) and other than indemnification rights (arising out of events occurring prior to such termination),
by notice in writing to the Asset Representations Reviewer. The Asset Representations Reviewer is required to bear all reasonable
costs and expenses of itself and of each other party to this Agreement in connection with its termination due to an Asset Representations
Reviewer Termination Event. Notwithstanding anything herein to the contrary, the Depositor and each Mortgage Loan Seller shall
have the right, but not the obligation, to notify the Certificate Administrator and the Trustee of any Asset Representations Reviewer
Termination Event of which it becomes aware.

 

(b)          Upon (i) the written direction of Holders of Pooled Certificates evidencing not less than 25% of the Pooled Voting Rights
(without regard to the application of any Appraisal Reduction Amounts) requesting a vote to terminate and replace the Asset Representations
Reviewer with a proposed successor asset representations reviewer that is an Eligible Asset Representations Reviewer and (ii) payment
by such Holders to the Certificate Administrator of the reasonable fees and expenses to be incurred by the Certificate Administrator
in connection with administering such vote, the Certificate Administrator shall promptly provide written notice thereof to the
Asset Representations Reviewer by mailing such notice to the Asset Representations Reviewer and to all Pooled Certificateholders
in accordance with the notice distribution procedures described in Section 12.01(a). Upon the written direction of
Holders of Pooled Certificates evidencing at least 75% of a Pooled Quorum (without regard to the application of any Appraisal
Reduction Amounts), the Trustee shall terminate all of the rights and obligations of the Asset Representations Reviewer under
this Agreement (other than any rights or obligations that accrued prior to the date of such termination and other than indemnification
rights arising out of events occurring prior to such termination) by notice in writing to the Asset Representations Reviewer and
appoint the proposed successor. As between the Asset Representations Reviewer, on the one hand, and the Holders of Pooled Certificates,
on the other, the Holders of Pooled Certificates shall be entitled in their sole discretion to vote for the termination or not
vote for the termination of the Asset Representations Reviewer. In such event that the holders of Pooled Certificates evidencing
at least 75% of a Pooled Quorum elect to remove the Asset Representations Reviewer without cause and appoint a successor, the
successor asset representations reviewer will be responsible for all expenses necessary to effect the transfer of responsibilities
from its predecessor.

 

(c)          On or after the receipt by the Asset Representations Reviewer of written notice of termination, subject to this Section 12.05,
all of its authority and power under this Agreement shall be terminated and, without limitation, the terminated Asset Representations
Reviewer shall execute any and all documents and other instruments, and do or accomplish all other acts or things reasonably necessary
or appropriate to effect the purposes of such notice of termination. As soon as practicable, but in no event later than thirty
(30) days after (1) the Asset Representations Reviewer resigns pursuant to Section 12.03 of this Agreement or (2)
the Trustee delivers such written notice of termination to the Asset Representations Reviewer, the Trustee shall appoint a successor
asset representations reviewer that is an Eligible Asset Representations Reviewer. The Trustee shall provide written notice of
the appointment of an Asset Representations Reviewer to the Master Servicer, the Special Servicer, the Operating Advisor, the
Certificate Administrator, the Directing Certificateholder and each Certificateholder within one Business Day of such appointment.

 

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The
Asset Representations Reviewer shall at all times be an Eligible Asset Representations Reviewer and if the Asset Representations
Reviewer ceases to be an Eligible Asset Representations Reviewer, the Asset Representations Reviewer shall immediately notify
the Master Servicer, the Special Servicer, the Trustee, the Operating Advisor, the Certificate Administrator and the Directing
Certificateholder of such disqualification and immediately resign under Section 12.03 of this Agreement and the Trustee
shall appoint a successor asset representations reviewer subject to and in accordance with this Section 12.05. Notwithstanding
the foregoing, if the Trustee is unable to find a successor asset representations reviewer within thirty (30) days of the
termination of the Asset Representations Reviewer, the Depositor shall be permitted to find a replacement. The Trustee shall not
be liable for any failure to identify and appoint a successor asset representations reviewer so long as the Trustee uses commercially
reasonable efforts to conduct a search for a successor asset representations reviewer and such failure is not a result of the
Trustee’s negligence, bad faith or willful misconduct in the performance of its obligations hereunder.

 

(d)           
Upon any termination of the Asset Representations Reviewer and appointment of a successor to the Asset Representations Reviewer,
the Trustee shall, as soon as possible, give written notice thereof to the Special Servicer, the Master Servicer, the Certificate
Administrator (who shall, as soon as possible, give written notice thereof to the Certificateholders), the Operating Advisor,
the Mortgage Loan Sellers, the Depositor and, prior to the occurrence and continuance of a Consultation Termination Event, the
Directing Certificateholder and each Rating Agency. In the event that the Asset Representations Reviewer is terminated, all of
its rights and obligations under this Agreement shall terminate, other than any rights or obligations that accrued prior to the
date of such termination (including the right to receive all amounts accrued and owing to it under this Agreement) and other than
indemnification rights (arising out of events occurring prior to such termination).

 

[End
of Article XII]

 

Article XIII

MISCELLANEOUS PROVISIONS

 

Section 13.01  
Amendment. (a)  This Agreement may be amended from time to time by the parties hereto, without the consent of
any of the Certificateholders or the Companion Holders:

 

(i)        to
correct any defect or ambiguity in this Agreement in order to address any manifest error in any provision of this Agreement;

 

(ii)       to
cause the provisions in this Agreement to conform or be consistent with or in furtherance of the statements made in the Prospectus
(or in an offering document for any related non-offered certificates) with respect to the Certificates, the Trust or this Agreement
or to correct or supplement any of its provisions which may be defective or inconsistent with any other provisions therein or
to correct any error;

 

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(iii)      to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)      to
modify, eliminate or add to any of its provisions to such extent as shall be necessary to maintain the qualification of any Trust
REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code at all times that any Certificate
is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC or the Grantor Trust;
provided that the Trustee and the Certificate Administrator have received an Opinion of Counsel (at the expense of the
party requesting such amendment) to the effect that (a) such action is necessary or desirable to maintain such qualification
or to avoid or minimize the risk of the imposition of any such tax and (b) such action will not adversely affect in any material
respect the interests of any Certificateholder or Companion Holder;

 

(v)       to
modify, eliminate or add to the provisions of Section 5.03(o) or any other provision hereof restricting transfer of the Class R
Certificates; provided the Depositor has determined that such change shall not, as evidenced by an Opinion of Counsel,
cause the Trust, any Trust REMIC or any of the Certificateholders (other than the Transferor) to be subject to a federal tax caused
by a Transfer to a Person that is a Disqualified Organization or a Disqualified Non-U.S. Tax Person;

 

(vi)      to
revise or add any other provisions with respect to matters or questions arising under this Agreement or any other change; provided
that the required action shall not adversely affect in any material respect the interests of any Certificateholder or any
holder of a Serviced Companion Loan not consenting to such revision or addition, as evidenced in writing by an Opinion of Counsel,
at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from each of the Rating
Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such action will
not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating
Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25);

 

(vii)     to
amend or supplement any provision hereof to the extent necessary to maintain the then-current ratings assigned to each Class of
Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies and confirmation
of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of its then-current
ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant
to

 

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Section 3.25);
provided that such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder
not consenting to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)    to
modify the provisions of Sections 3.05 and 3.17 (with respect to reimbursement of Nonrecoverable Advances and
Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan,
the Directing Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform
to such industry standard, (b) such modification does not adversely affect the status of any Trust REMIC as a REMIC or the
Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced by an Opinion of Counsel and (c) each
Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of Serviced Companion Loan Securities,
the applicable rating agencies have delivered a confirmation that such action will not result in the downgrade, withdrawal or
qualification of its then-current ratings (provided that such rating agency confirmation may be considered satisfied in
the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25);

 

(ix)       to
modify the procedures of this Agreement relating to compliance with Rule 17g-5 of the Exchange Act; provided that
such amendment shall not adversely affect in any material respects the interests of any Certificateholders, as evidenced by (x) an
Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation from each Rating Agency
rating such Certificates; and provided, further, that the Certificate Administrator shall give notice of any such
amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website pursuant to Section 3.13(c)
and the Certificate Administrator shall post such notice to the Certificate Administrator’s Website;

 

(x)        to
modify, eliminate or add to any provisions of this Agreement (i) to such extent as would be necessary to comply with the requirements
of the Risk Retention Rule, as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention Rule or any other regulations
applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent required
to comply with any such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced
by an Opinion of Counsel; or

 

(xi)       to
modify, eliminate or add to any provisions of this Agreement to such extent as would be necessary to comply with the requirements
for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv); provided that
no such modification, elimination or addition may change in any manner the rights or obligations of the Third Party Purchaser
under this Agreement or the related risk retention agreement without the consent of the Third Party Purchaser.

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement
or the obligations of any Mortgage Loan

 

     479

     

    

 

Seller
under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
hereunder, without the consent of such Mortgage Loan Seller or (B) may materially and adversely affect the holders of a Companion
Loan without such Companion Holder’s consent.

 

(b)        This Agreement may also be amended from time to time by the parties hereto with the consent of the Holders of Certificates of
each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage Interests
constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions
of this Agreement or of modifying in any manner the rights of the Holders of Certificates of such Class; provided, however,
that no such amendment shall:

 

(i)         reduce
in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the related Certificateholder or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)        reduce
the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment or remove
the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then-outstanding or such Companion Holders, as applicable; or

 

(iii)       adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then
outstanding; or

 

(iv)       change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller under
such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
hereunder, without the consent of such Mortgage Loan Seller; or

 

(v)       amend
the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from each
Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25) and, if required under the related Intercreditor
Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

 

(c)         Notwithstanding the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate
Administrator, the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment hereto
without having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such

 

     480

     

    

 

amendment
is permitted hereunder, that all conditions precedent have been satisfied and that such amendment or the exercise of any power
granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating
Advisor, the Asset Representations Reviewer or any other specified person in accordance with such amendment will not result in
the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify as a
REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of the Code. Furthermore,
no amendment to this Agreement may be made that changes any provisions specifically required to be included in this Agreement
by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s).

 

(d)         Promptly after the execution of any amendment to this Agreement, the Certificate Administrator shall post a copy of the same to
the Certificate Administrator’s Website, deliver a copy of the same to the 17g-5 Information Provider who shall post a copy
of the same on the 17g-5 Information Provider’s Website pursuant to Section 3.13(b) and Section 3.13(c),
as applicable, and, thereafter, the Certificate Administrator shall furnish a written notification of the substance of such amendment
to each Certificateholder and each Serviced Companion Noteholder, the Depositor, the Master Servicer, the Special Servicer, the
Underwriters and the Rating Agencies.

 

(e)         It shall not be necessary for the consent of Certificateholders under this Section 13.01 to approve the particular
form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof. The manner of
obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to
such reasonable regulations as the Certificate Administrator may prescribe.

 

(f)          The Trustee and the Certificate Administrator shall not be obligated to enter into any amendment pursuant to this Section 13.01
that affects its rights, duties and immunities under this Agreement or otherwise.

 

(g)         The cost of any Opinion of Counsel to be delivered pursuant to Section 13.01(a) or (c) and the cost of any
amendment entered into hereunder shall be borne by the Person seeking the related amendment, except that if the Master Servicer,
the Certificate Administrator or the Trustee requests any amendment of this Agreement in furtherance of the rights and interests
of Certificateholders, the cost of any Opinion of Counsel required in connection therewith pursuant to Section 13.01(a)
or (c) shall be payable out of the Collection Account.

 

(h)         The Servicing Standard shall not be amended unless each Rating Agency provides Rating Agency Confirmation and, with respect to
any class of Serviced Companion Loan Securities, the applicable rating agencies provide a confirmation that such action will not
result in the downgrade, withdrawal or qualification of its then-current ratings, if any (provided that such rating agency
confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with
respect to the Certificates pursuant to Section 3.25).

 

     481

     

    

 

(i)           To the extent the Operating Advisor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the
Asset Representations Reviewer or the Depositor obtains an Opinion of Counsel as provided for in Section 13.01(c)
in connection with executing any amendment to this Agreement, such party shall be deemed not to have acted negligently in connection
with entering into such amendment for purposes of availing itself of any indemnity provided to such party under this Agreement.

 

(j)           Notwithstanding any other provision of this Agreement, for purposes of the giving or withholding of consents pursuant to this
Section 13.01, Certificates registered in the name of the Depositor or any Affiliate of the Depositor shall be entitled
to the same Voting Rights with respect to matters described above as they would if any other Person held such Certificates, so
long as neither the Depositor nor any of its Affiliates is performing servicing duties with respect to any of the Mortgage Loans
or the Trust Subordinate Companion Loan.

 

(k)          This Agreement may not be amended without the consent of the AB Whole Loan Controlling Holder if such amendment would materially
and adversely affect the related Mortgage Loan or the rights of such Companion Holder hereunder.

 

Section 13.02  
Recordation of Agreement; Counterparts. (a)  To the extent permitted by applicable law, this Agreement is subject
to recordation in all appropriate public offices for real property records in all the counties or other comparable jurisdictions
in which any or all of the properties subject to the Mortgages are situated, and in any other appropriate public recording office
or elsewhere, such recordation to be effected by the Certificate Administrator at the expense of the Depositor on direction by
the Special Servicer and with the consent of the Depositor (which may not be unreasonably withheld), but only upon direction accompanied
by an Opinion of Counsel (the cost of which shall be paid by the Depositor) to the effect that such recordation materially and
beneficially affects the interests of the Certificateholders.

 

(b)         For the purpose of facilitating the recordation of this Agreement as herein provided 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. Delivery of an executed

 

     482

     

    

 

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.

 

(c)          The Trustee shall make any filings required under the laws of the state of its place of business required solely by virtue of
the fact of the location of the Trustee’s place of business, the costs of which, if any, to be at the Trustee’s expense.

 

Section 13.03  
Limitation on Rights of Certificateholders. (a)  The death or incapacity of any Certificateholder shall not operate
to terminate this Agreement or the Trust, nor entitle such Certificateholder’s legal representatives or heirs to claim an
accounting or to take any action or proceeding in any court for a partition or winding up of the Trust, nor otherwise affect the
rights, obligations and liabilities of the parties hereto or any of them.

 

(b)         No Certificateholder shall have any right to vote (except as expressly provided for herein) or in any manner otherwise control
the operation and management of the Trust, or the obligations of the parties hereto, nor shall anything herein set forth, or contained
in the terms of the Certificates, be construed so as to constitute the Certificateholders from time to time as partners or members
of an association; nor shall any Certificateholder be under any liability to any third party by reason of any action taken by
the parties to this Agreement pursuant to any provision hereof.

 

(c)         Other than with respect to any rights to deliver a Certificateholder Repurchase Request and exercise the rights described under
Section 2.03(k)(i), no Certificateholder shall have any right by virtue of any provision of this Agreement to institute
any suit, action or proceeding in equity or at law upon or under or with respect to this Agreement, any Intercreditor Agreement,
any Mortgage Loan or Trust Subordinate Companion Loan, or with respect to the Certificates, unless, with respect to any suit,
action or proceeding upon or under or with respect to this Agreement, such Holder previously shall have given to the Trustee and
the Certificate Administrator a written notice of default, and of the continuance thereof, as herein before provided, or of the
need to institute such suit, action or proceeding on behalf of the Trust and unless also (except in the case of a default by the
Trustee) the Holders of Certificates of any Class evidencing not less than 50% of the related Percentage Interests in such Class
shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder
and shall have offered to the Trustee such indemnity reasonably satisfactory to it as it may require against the costs, expenses
and liabilities to be incurred therein or thereby, and the Trustee, for sixty (60) days after its receipt of such notice, request
and offer of such indemnity, shall have neglected or refused to institute any such action, suit or proceeding. The Trustee shall
be under no obligation to exercise any of the trusts or powers vested in it hereunder or to institute, conduct or defend any litigation
hereunder or in relation hereto at the request, order or direction of any of the Holders of Certificates unless such Holders have
offered to the Trustee indemnity reasonably satisfactory to it against the costs, expenses and liabilities which may be incurred
therein or hereby. It is understood and intended, and expressly covenanted by each Certificateholder with every other Certificateholder
and the Trustee, that no one or more Holders of Certificates shall have any right in any manner whatsoever by virtue of any provision
of this Agreement or the Certificates to affect, disturb or prejudice the rights of the Holders of any other of such Certificates,
or to obtain or seek to obtain

 

     483

     

    

 

priority
over or preference to any other such Holder, which priority or preference is not otherwise provided for herein, or to enforce
any right under this Agreement or the Certificates, except in the manner herein or therein provided and for the equal, ratable
and common benefit of all Certificateholders. For the protection and enforcement of the provisions of this Section 13.03(c),
each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity.

 

Section 13.04  
Governing Law; Submission to Jurisdiction; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING
UNDER OR RELATED TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT
OF THE RIGHTS AND 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.

 

EACH
OF THE PARTIES HERETO IRREVOCABLY (I) SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK 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 ACTION OR PROCEEDING IN ANY SUCH COURT; (III) AGREES THAT A FINAL JUDGMENT IN ANY 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.

 

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 13.05  
Notices. (a)  Any communications provided for or permitted hereunder shall be in writing and, unless otherwise
expressly provided herein, shall be deemed to have been duly given if personally delivered at or couriered, sent by facsimile
transmission (other than with respect to the Depositor or Mortgage Loan Sellers) or mailed by registered mail, postage prepaid
(except for notices to the Mortgage Loan Sellers, the Master Servicer the Certificate Administrator and the Trustee which shall
be deemed to have been duly given only when received), to:

 

     484

     

    

 

In
the case of the Depositor:

J.P. Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

E-mail: US_CMBS_Notice@jpmorgan.com

 

with
a copy to:

J.P. Morgan Chase Commercial Mortgage Securities Corp.

4 New York Plaza, Floor 21

New York, New York 10004-2413

Attention: SPG Legal

E-mail: US_CMBS_Notice@jpmorgan.com

 

In
the case of the Master Servicer:

Midland Loan Services, a Division of PNC Bank, National
Association,

10851 Mastin Street, Suite 700

Building 82, Suite 300 

Overland
Park, Kansas 66210

Attention: Executive Vice President – Division
Head,

Fax number: 1-888-706-3565 

Email:
NoticeAdmin@midlandls.com

 

with
a copy to:

Stinson LLP

1201 Walnut Street

Suite 2900

Kansas City, Missouri 64106-2150

Fax Number: (816) 412-9338

Attention: Kenda K. Tomes

Email: kenda.tomes@stinson.com

 

In
the case of the Special Servicer:

 

Midland
Loan Services, a Division of PNC Bank, National Association,

10851 Mastin Street, Suite 700

Building 82, Suite 300 

Overland
Park, Kansas 66210

Attention: Executive Vice President – Division Head,

Fax number: 1-888-706-3565 

Email:
NoticeAdmin@midlandls.com

 

     485

     

    

 

with
a copy to:

Stinson LLP

1201 Walnut Street

Suite 2900

Kansas City, Missouri 64106-2150

Fax Number: (816) 412-9338

Attention: Kenda K. Tomes

Email: kenda.tomes@stinson.com

 

In
the case of the Directing Certificateholder:

KKR Real Estate Credit Opportunity Partners II L.P.

9 West 57th Street, Suite 4200

New York, New York 10019

Attention: Matt Salem

Facsimile number: (212) 750-0003

Email: Matt.Salem@kkr.com

 

In
the case of the 225 Bush Controlling Class Representative:

 

FMR
LLC 

E-mail:
michael.murphy6@fmr.com 

Phone:
617.563.878

 

In
the case of the Certificate Administrator and Trustee:

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

with a copy to:

Telecopy Number: (410) 715-2380

E-Mail: cts.cmbs.bond.admin@wellsfargo.com, and to trustadministrationgroup@wellsfargo.com, except
as otherwise set forth herein

 

     486

     

    

 

In
the case of the surrender, transfer or exchange for Certificates other than the Retained Certificates during the applicable Transfer
Restriction Period, to the Certificate Registrar:

Wells Fargo Center

600 South 4th Street, 7th Floor

MAC: N9300-070

Minneapolis, Minnesota 55479

Attention: Certificate Transfer Services (CMBS): Benchmark 2019-B14

 

In
the case of a release, transfer or surrender of the Retained Certificates to the Certificate Administrator:

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Risk Retention Custody – Benchmark 2019-B14

 

with
a copy to:

riskretentioncustody@wellsfargo.com

 

In
the case of the Custodian:

Wells Fargo Bank, National Association

1055 10th Ave SE

Minneapolis, Minnesota 55414

Attn: Document Custody Group: Benchmark 2019-B14

with a copy to:

Email: cmbscustody@wellsfargo.com

 

In
the case of the Operating Advisor and the Asset Representations Reviewer:

Pentalpha Surveillance LLC

375 N. French Road, Suite 100

Amherst, New York 14228

Attention: Benchmark 2019-B14—Transaction Manager

With a copy sent via email to: notices@pentalphasurveillance.com (with Benchmark 2019-B14 in the
subject line)

 

with
a copy to:

Bass, Berry & Sims PLC

150 Third Avenue South

Suite 2800

 

     487

     

    

 

Nashville, Tennessee 37201

Email: jknight@bassberry.com

 

In
the case of the Mortgage Loan Sellers or an initial Risk Retention Consultation Party (in the case of JPMCB and CREFI):

 

		(i)	JPMorgan
                                         Chase Bank, National Association

                                         383 Madison Avenue, 8th Floor

                                         New York, New York 10179

                                         Attention: Kunal K. Singh

                                         E-mail: US_CMBS_Notice@jpmorgan.com

 

with
a copy to:

JPMorgan Chase Bank, National Association

4 New York Plaza, Floor 21

New York, New York 10004-2413

Attention: SPG Legal

Email: US_CMBS_Notice@jpmorgan.com

 

		(ii)	German
                                         American Capital Corporation

                                         60 Wall Street

                                         New York, New York 10005

                                         Attention: Helaine Kaplan

                                         

                                         with a copy via email to:

                                         

                                         lainie.kaye@db.com and cmbs.requests@db.com

 

with
a copy to:

German American Capital Corporation

60 Wall Street

New York, New York 10005

Attention: General Counsel

Facsimile no.: (646) 736-5721

 

		(iii)	Citi
                                         Real Estate Funding Inc.

                                         388 Greenwich Street, 6th Floor

                                         New York, New York 10013

                                         Attention: Richard Simpson

                                         Fax Number: (646) 328-2943

 

     488

     

    

 

with
a copy to:

Citi Real Estate Funding Inc.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Raul Orozco

Fax Number: (347) 394-0898

 

with
a copy to:

Citi Real Estate Funding Inc.

388 Greenwich Street, 17th Floor

New York, New York 10013

Attention: Ryan M. O’Connor

Fax Number: (646) 862-8988

 

with
copies by electronic mail to:

Richard Simpson at Richard.simpson@citi.com, Ryan M. O’Connor at ryan.m.oconnor@citi.com and,
in the case of each 15Ga-1 Notice, cmbs.notice@citi.com

 

If
to Deutsche Bank AG, acting through its New York Branch, as an initial Risk Retention Consultation Party, to:

Deutsche Bank AG, acting through its New York Branch

60 Wall Street

New York, New York 10005

Attention: Lainie Kaye

 

with
copies via email to:

 

cmbs.requests@db.com

 

In
the case of any mezzanine lender:

The address set forth in the related Intercreditor Agreement.

 

To
each such Person, such other address as may hereafter be furnished by such Person to the parties hereto in writing. Any communication
required or permitted to be delivered to a Certificateholder shall be deemed to have been duly given when mailed first class,
postage prepaid, to the address of such Holder as shown in the Certificate Register. Any notice so mailed within the time prescribed
in this Agreement shall be conclusively presumed to have been duly given, whether or not the Certificateholder receives such notice.

 

(b)          Any party required to deliver any notice or information pursuant to the terms of this Agreement to the Rating Agencies shall deliver
such written notice of the events or information specified in Section 3.13(c) to the Rating Agencies at the address
listed below,

 

     489

     

    

 

promptly
following the occurrence thereof. The Master Servicer or Special Servicer, as applicable, the Certificate Administrator, and Trustee
also shall furnish such other information regarding the Trust as may be reasonably requested by the Rating Agencies to the extent
such party has or can obtain such information without unreasonable effort or expense; provided, however, that such
other information is first provided to the 17g-5 Information Provider in accordance with the procedures set forth in Section 3.13(c);
provided, further, that the 17g-5 Information Provider shall not disclose which Rating Agency has requested such
information. Notwithstanding the foregoing, the failure to deliver such notices or copies shall not constitute a Servicer Termination
Event, as the case may be, under this Agreement. Any confirmation of the rating by the Rating Agencies required hereunder shall
be in writing.

 

Any
notices to the Rating Agencies shall be sent to the following addresses:

S&P Global Ratings

55 Water Street, 41st Floor

New York, New York 10041

Attention: Commercial Mortgage Surveillance Manager

Email: cmbs_info_17g5@standardandpoors.com

 

Fitch
Ratings, Inc.

33 Whitehall Street

New York, New York 10004

Attention: Commercial Mortgage Backed Securities Surveillance

Facsimile No.: (212) 635-0295

E-mail: info.cmbs@fitchratings.com

 

Kroll
Bond Rating Agency, Inc.

805 Third Avenue, 29th Floor

New York, New York 10022

Attention: CMBS Surveillance

Facsimile No.: (646) 731-2395

 

Section 13.06  
Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall
be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from
the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability
of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof.

 

Section 13.07  
Grant of a Security Interest. The Depositor intends that the conveyance of the Depositor’s right, title and interest
in, to and under the Conveyed Property pursuant to this Agreement shall constitute a sale and not a pledge of security for a loan.
If such conveyance is deemed to be a pledge of security for a loan, however, the Depositor intends that the rights and obligations
of the parties to such loan shall be established pursuant to the terms of this Agreement. The Depositor also intends and agrees
that, in such event, (i) the Depositor shall be deemed to have granted to the Trustee (in such capacity) a first priority
security interest in the Depositor’s entire right, title and interest in, to and under, whether now owned or existing or

 

     490

     

    

 

hereafter
acquired or arising, the Conveyed Property and all proceeds thereof and (ii) this Agreement shall constitute a security agreement
under applicable law. The Depositor shall file or cause to be filed, as a precautionary filing, a UCC Financing Statements in
all appropriate locations promptly following the initial issuance of the Certificates to reflect the assignments made by the Mortgage
Loan Sellers to the Depositor (and the Trustee) and by the Depositor to the Trustee (copies of which shall be delivered no later
than ten (10) days following the Closing Date), and the Certificate Administrator shall, at the expense of the Depositor (to the
extent reasonable) but in no event at the expense of the Trust, prepare and file continuation statements with respect thereto,
in each case in the six-month period prior to every fifth anniversary of the date of the initial UCC Financing Statement. The
Depositor shall cooperate in a reasonable manner with the Certificate Administrator in the preparation and filing of such continuation
statements. This Section 13.07 shall constitute notice to the Trustee pursuant to any of the requirements of the applicable
UCC.

 

Section 13.08  
Successors and Assigns; Third Party Beneficiaries. (a)  The provisions of this Agreement shall be binding upon
and inure to the benefit of the respective successors and assigns of the parties hereto, and all such provisions shall inure to
the benefit of the Certificateholders, subject to Section 13.03. Each Mortgage Loan Seller (and its respective agents),
each Companion Holder (and its respective agents), each Underwriter, each depositor of a Regulation AB Companion Loan Securitization
and the Initial Purchasers is an intended third-party beneficiary to this Agreement in respect of the respective rights afforded
it hereunder. No other person, including, without limitation, any Mortgagor, shall be entitled to any benefit or equitable right,
remedy or claim under this Agreement.

 

(b)         Each Serviced Companion Noteholder shall be a third-party beneficiary to this Agreement in respect to the rights afforded it hereunder.
Each of the Other Servicers and the Other Trustees shall be a third-party beneficiary to this Agreement in respect to all provisions
herein expressly relating to compensation, reimbursement or indemnification of such Other Servicer and Other Trustee, and any
provisions regarding reimbursement or advances or interest thereon to such Other Servicer or Other Trustee.

 

(c)         Each of the applicable Non-Serviced Trustee, Non-Serviced Master Servicer, Non-Serviced Special Servicer and any Non-Serviced
Trust holding a related Non-Serviced Companion Loan, shall be a third-party beneficiary to this Agreement in respect to its rights
as specifically provided for herein and under the applicable Non-Serviced Intercreditor Agreement.

 

(d)         Subject to Section 2.03(k)(ii), Section 2.03(l)(iv) and Section 2.03(l)(v), any Requesting
Certificateholder shall be an express third-party beneficiary to this Agreement for purposes of exercising rights under Section 2.03(k)
through Section 2.03(o).

 

Section 13.09  
Article and Section Headings. The article and section headings herein are for convenience of reference only, and shall
not limit or otherwise affect the meaning hereof.

 

     491

     

    

 

Section 13.10  
Notices to the Rating Agencies. (a)  The Certificate Administrator shall use reasonable efforts promptly to provide
notice to the 17g-5 Information Provider for posting on the 17g-5 Information Provider’s Website pursuant to Section 3.13(c),
(and the related 17g-5 information provider for any class of Serviced Companion Loan Securities to the extent applicable to any
Serviced Whole Loan) with respect to each of the following of which it has actual knowledge:

 

(i)        any
material change or amendment to this Agreement;

 

(ii)       the
occurrence of a Servicer Termination Event that has not been cured;

 

(iii)      the
resignation or termination of the Certificate Administrator, the Master Servicer, the Asset Representations Reviewer or the Special
Servicer; and

 

(iv)      the
repurchase or substitution of Mortgage Loans by the related Mortgage Loan Seller pursuant to Section 6 of the related Mortgage
Loan Purchase Agreement.

 

(b)        The Master Servicer shall use reasonable efforts to promptly provide notice to the 17g-5 Information Provider for posting on the
17g-5 Information Provider’s Website pursuant to Section 3.13(c), with respect to each of the following of which
it has actual knowledge:

 

(i)        the
resignation or removal of the Trustee or the Certificate Administrator;

 

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

 

(iii)      any
event that would result in the voluntary or involuntary termination of any insurance of the accounts of the Trustee;

 

(iv)      any
change in the lien priority of any Mortgage Loan or Trust Subordinate Companion Loan with respect to an assumption of the Mortgage
Loan or Trust Subordinate Companion Loan or additional encumbrance described in Section 3.08;

 

(v)       any
additional lease to an anchor tenant or termination of any existing lease to an anchor tenant at retail properties for any Mortgage
Loan or Trust Subordinate Companion Loan with a Stated Principal Balance that is equal to or greater than the lesser of (1) an
amount greater than 5% of the then aggregate outstanding principal balances of the Mortgage Loans and (2) $35,000,000;

 

(vi)      any
material damage to any Mortgaged Property;

 

(vii)     any
assumption with respect to a Mortgage Loan; and

 

(viii)    any
release or substitution of any Mortgaged Property.

 

(c)        The Certificate Administrator shall promptly furnish notice to the 17g-5 Information Provider for posting on the 17g-5 Information
Provider’s Website pursuant to

 

     492

     

    

 

Section 3.13(c),
and thereafter to the Rating Agencies of (i) any change in the location of the Distribution Accounts and (ii) the final
payment to any Class of Certificateholders.

 

(d)         The Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer, as applicable, shall furnish to the
17g-5 Information Provider for posting on the 17g-5 Information Provider’s Website pursuant to Section 3.13(c),
and thereafter to each Rating Agency (and any rating agency for any class of Serviced Companion Loan Securities to the extent
applicable to any Serviced Whole Loan) with respect to each Mortgage Loan and Trust Subordinate Companion Loan (other than any
Non-Serviced Mortgage Loan) such information as any Rating Agency shall reasonably request and which the Trustee, the Certificate
Administrator, the Master Servicer or Special Servicer, can reasonably provide in accordance with applicable law and without waiving
any attorney-client privilege relating to such information or violating the terms of this Agreement or any Mortgage Loan or Trust
Subordinate Companion Loan documents. The Trustee, the Certificate Administrator, the Master Servicer and Special Servicer, as
applicable, may include any reasonable disclaimer it deems appropriate with respect to such information. Notwithstanding anything
to the contrary herein, nothing in this Section 13.10 shall require a party to provide duplicative notices or copies
to the Rating Agencies with respect to any of the above listed items. In connection with the delivery by the Master Servicer or
Special Servicer to the 17g-5 Information Provider of any information, report, notice or document for posting to the 17g-5 Information
Provider’s Website, the 17g-5 Information Provider shall notify the Master Servicer or Special Servicer when such information,
report, notice or document has been posted. The Master Servicer or Special Servicer, as applicable, may, but shall not be obligated
to send such information, report, notice or document to the applicable Rating Agency so long as such information, report, notice
or document (i) was previously provided to the 17g-5 Information Provider or (ii) is simultaneously provided to the
17g-5 Information Provider.

 

Section 13.11  
PNC Bank, National Association. PNC Bank, National Association, by execution hereof by its division, Midland Loan Services,
a Division of PNC Bank, National Association, acknowledges and agrees that this Agreement is binding upon and enforceable against
PNC Bank, National Association to the full extent of the obligations set forth herein with respect to Midland Loan Services, a
Division of PNC Bank, National Association.

 

[End
of Article XIII]

 

[SIGNATURES
COMMENCE ON FOLLOWING PAGE]

 

     493

     

    

 

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

 

	 	J.P.
    MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., Depositor
	 	 	 
	 	By:	/s/ Harris Rendelstein
	 	 	Name: Harris Rendelstein
	 	 	Title:
    Vice President

  

	 	MIDLAND
    LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION,

    Master Servicer
	 	 	 
	 	By:	/s/ David
    A. Eckels
	 	 	Name: David
    A. Eckels
	 	 	Title:
    Senior Vice President

 

	 	MIDLAND
    LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION,

    Special Servicer
	 	 	 
	 	By:	/s/ David
    A. Eckels
	 	 	Name: David
    A. Eckels
	 	 	Title:
    Senior Vice President

 

	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION,

    not in its individual capacity, but solely as Certificate Administrator
	 	 	 
	 	By:	/s/ Amy H. Mofsenson
	 	 	Name:
    Amy H. Mofsenson
	 	 	Title:  Vice President

 

 

Benchmark 2019-B14
– Pooling and Servicing Agreement 

     

    

    

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	 	not in its individual capacity, but solely as Trustee
	 	 
	 	By:	
    /s/ Amy H. Mofsenson
	 	 	Name:
    Amy H. Mofsenson
	 	 	Title:   Vice President
	 	 
	 	PENTALPHA SURVEILLANCE LLC,
	 	 	Operating Advisor
	 	 
	 	By:	/s/ James Callahan
	 	 	Name: James Callahan
	 	 	Title:
    Executive Director and Solely as an Authorized Singatory for Pentalpha Surveillance LLC
	 	 
	 	PENTALPHA SURVEILLANCE LLC,
	 	 	Asset Representations Reviewer
	 	 
	 	By:	 /s/ James Callahan
	 	 	Name:  James Callahan
	 	 	Title:
    Executive Director and Solely as an Authorized Singatory for Pentalpha Surveillance LLC

 

Benchmark 2019-B14
– Pooling and Servicing Agreement 

     

     

    

 

	STATE OF NEW YORK	)	 
	 	)	ss.:
	COUNTY OF NEW YORK	)	 

  

On the 12th day
of November, 2019, before me, a notary public in and for said State, personally appeared Harris Rendelstein known to me to
be a Vice President of J.P. Morgan Chase Commercial Mortgage Securities Corp., that executed the within instrument, and also
known to me to be the person who executed it on behalf of such corporation, and acknowledged to me that such corporation
executed the within instrument.

 

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

 

	 	/s/ James W. Considine
	 	Notary
    Public

 

	 [SEAL]	James W. Considine
	 	 Notary
    Public, State of New York
	My commission expires:	 Qualified
    in Ulster County
	 	 No. 01CO6390913
	 4/22/2023	 My
    Commission Expires April 22, 2023
	 	 	 

 

 

Benchmark 2019-B14 – Pooling and Servicing Agreement 

     

     

    

 

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

 

On the 12th day of November,
2019, before me, a notary public in and for said State, personally appeared David A. Eckels, known to me to be a Senior Vice President
of Midland Loan Services, a Division of PNC Bank, National Association, one of the entities that executed the within instrument,
and also known to me to be the person who executed it on behalf of such national entity, and acknowledged to me that
such entity executed the within instrument.

 

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

 

	 	/s/ Laura Escalante
	 	Notary
    Public

 

	 [SEAL]	 NOTARY
    PUBLIC - State of Kansas
	 	Laura
    Escalante
		 My Appt. Expires
    08/14/2021
	 	 
	 	 
	 	 	 

 

 

 

Benchmark 2019-B14
– Pooling and Servicing Agreement 

     

     

    

 

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

 

On the 13th day of
November, 2019, before me, a notary public in and for said State, personally appeared David A. Eckels, known to me to be a
Senior Vice President of Midland Loan Services, a Division of PNC Bank, National Association, one of the entities that executed the within instrument,
and also known to me to be the person who executed it on behalf of such national entity, and acknowledged to me that
such entity executed the within instrument.

 

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

 

	 	/s/ Laura Escalante
	 	Notary
    Public

 

 

	 [SEAL]	 NOTARY
    PUBLIC - State of Kansas
	 	Laura
    Escalante
		 My Appt. Expires
    08/14/2021
	 	 
	 	 
	 	 	 

 

  

  Benchmark 2019-B14
– Pooling and Servicing Agreement 

     

     

    

 

	STATE OF  	)	 
	 	)	ss.:
	COUNTY OF 	)	 

 

On the 13th day of
November, 2019, before me, a notary public in and for said State, personally appeared Amy Mofsenson known to me to be a Vice
President of Wells Fargo Bank, National Association, that executed the within instrument, and also known to me to be
the person who executed it on behalf of such national banking association, and acknowledged to me that such national banking
association executed the within instrument.

 

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

 

	 	/s/ Janet M. Jolley
	 	Notary
    Public

 

	 [SEAL]	 
	 	 JANET M. JOLLEY
	My commission expires:	 Notary Public,
    State of New York
	 	 No. 01JO6121000
	 	Qualified in Kings County
	 	 Commission
    Expires Jan. 3, 2021
	 	 	 

 

 

Benchmark 2019-B14
– Pooling and Servicing Agreement  

     

     

    

 

	STATE OF  	)	 
	 	)	ss.:
	COUNTY OF 	)	 

 

On the 13th day
of November, 2019, before me, a notary public in and for said State, personally appeared  Amy Mofsenson known to me to be a
Vice President of Wells
Fargo Bank, National Association, that executed the within instrument, and also known to me to be the person who executed it on
behalf of such national banking association, and acknowledged to me that such  national banking
association executed the within instrument.

 

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

 

	 	/s/ Janet M. Jolley
	 	Notary
    Public

 

	 [SEAL]	 
	 	 JANET M. JOLLEY
	My commission expires:	 Notary Public,
    State of New York
	 	 No. 01JO6121000
	 	Qualified in Kings County
	 	 Commission
    Expires Jan. 3, 2021
	 	 	 

 

 

  Benchmark 2019-B14
– Pooling and Servicing Agreement 

     

     

    

 

	STATE OF CONNECTICUT	)	 
	 	)	ss.:
	COUNTY OF FAIRFIELD	)	 

 

On the 21st day of
November, 2019, before me, a notary public in and for said State, personally appeared James Callahan known to me to be
the Executive Director of Pentalpha Surveillance LLC, that executed the within instrument, and also known to me to be the
person who executed it on behalf of such limited liability company, and acknowledged to me that such limited liability
company executed the within instrument.

 

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

 

	 	/s/ Melonie S. Williams
	 	Notary
    Public

 

	 [SEAL]	MELONIE S. WILLIAMS 
	 	 Notary Public
	My commission expires:	 Connecticut
	 	 My
    Commission Expires July 31, 2024
	 	 
	 	 	 

  

 

Benchmark 2019-B14
– Pooling and Servicing Agreement 

     

     

    

 

	STATE OF CONNECTICUT	)	 
	 	)	ss.:
	COUNTY OF  FAIRFIELD	)	 

 

On the  21st day of
November, 2019,, before me, a notary public in and for said State, personally appeared  James Callahan known to me to be the Executive Director of Pentalpha
Surveillance LLC, that executed the within instrument, and also known to me to be the person who executed it on behalf of such
limited liability company, and acknowledged to me that such  limited liability
companyexecuted the within instrument.

 

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

 

	 	/s/ Melonie S. Williams
	 	Notary
    Public

 

 

	 [SEAL]	MELONIE S. WILLIAMS 
	 	 Notary Public
	My commission expires:	 Connecticut
	 	 My
    Commission Expires July 31, 2024
	 	 
	 	 	 

 

 

Benchmark 2019-B14
– Pooling and Servicing Agreement 

     

     

    
 

 

 

EXHIBIT
A-1

 

FORM
OF CLASS A-1 CERTIFICATE

 

CLASS
A-1

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS A-1

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]1

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE 

 

 

 

1
                                                Legend required as long as DTC is the
                                         Depository under the Pooling and Servicing Agreement.

 

2
       Book-Entry Certificate legend.

 

    A-1-1

    

    

  

CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL
COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE
BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT
CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

 

    A-1-2

    

    

	PASS-THROUGH
        RATE: 2.0722%

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS A-1 CERTIFICATES AS OF THE CLOSING DATE: $22,760,000

         
	 	MASTER
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        ASSET
        REPRESENTATIONS REVIEWER: PENTALPHA SURVEILLANCE LLC

         

        CUSIP
        NO.: 08162YAA0

         

        ISIN
        NO.: US08162YAA01

         

        COMMON
        CODE NO.: 206684283

         

        CERTIFICATE
        NO.: A-1-[1]

         

    A-1-3

    

    

 

CLASS A-1
CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class A-1 Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2019 (the “Pooling and
Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class A-1 Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin

 

    A-1-4

    

    

 

or currency of the United States of America as at the time of payment is legal tender for the payment
of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class A-1 Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within
six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-1-5

    

    

 

failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class A-1 Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate
of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)         
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of

 

    A-1-6

    

    

 

Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)         
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)         
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)         
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website

 

 

    A-1-7

    

    

 

pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)         
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)         
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an

 

    A-1-8

    

    

 

Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate
Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-1-9

    

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION,  not in its individual capacity but solely as Certificate Registrar under the Pooling
    and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

 

		Dated:	November
                                         21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS A-1 CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
    as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

    Title:

  

    A-1-10

    

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF GIFT MIN ACT __________ Custodian
	TEN ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of	Under Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	common	Act __________________________
	 	 		(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-1-11

    

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________. Statements
should be mailed to _________________________. This information is provided by assignee named above, or ______________________________,
as its agent.

 

    A-1-12

    

    

 

 EXHIBIT
A-2

 

FORM
OF CLASS A-2 CERTIFICATE

 

CLASS
A-2

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS A-2

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]1

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

 

 

1
                                                Legend required as long as DTC is the
                                         Depository under the Pooling and Servicing Agreement.

 

2
       Book-Entry Certificate legend.

 

    A-2-1

    

    

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL
COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT, ACCORDINGLY, THE CERTIFICATE
BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT
CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

    A-2-2

    

    

	PASS-THROUGH
        RATE: 2.9147%

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS A-2 CERTIFICATES AS OF THE CLOSING DATE: $249,620,000

         
	 	MASTER
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE
        LLC

         

        CUSIP
        NO.: 08162YAB8

         

        ISIN
        NO.: US08162YAB83

         

        COMMON
        CODE NO.: 206684178

         

        CERTIFICATE
        NO.: A-2-[1]

         

    A-2-3

    

    

CLASS A-2
CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class A-2 Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class A-2 Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin

 

    A-2-4

    

    

 

or currency of the United States of America as at the time of payment is legal tender for the payment
of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class A-2 Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within
six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-2-5

    

    

 

failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class A-2 Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate
of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)        
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)        to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of

 

    A-2-6

    

    

 

Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website

 

    A-2-7

    

    

 

pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

(x)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)        change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an

 

    A-2-8

    

    

 

Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate
Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-2-9

    

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION,  not in its individual capacity but solely as Certificate Registrar under the Pooling
    and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

 

		Dated:	November
                                         21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS A-2 CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

  

    A-2-10

    

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN
    COM   	-   	as
    tenant in common	UNIF
    GIFT MIN ACT __________ Custodian
	TEN
    ENT	-	as
    tenants by the entireties	     (Cust)
	JT
    TEN	-	as
    joint tenants with rights of	Under
    Uniform Gifts to Minors
	 	 	survivorship
    and not as tenants in	 
	 	 	common	Act
    __________________________
	 	 		(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE
    GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-2-11

    

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________. Statements
should be mailed to _________________________. This information is provided by assignee named above, or ______________________________,
as its agent.

 

    A-2-12

    

    

 

EXHIBIT
A-3

 

FORM
OF CLASS A-3 CERTIFICATE

 

CLASS
A-3

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS A-3

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]1

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

 

 

1
                                                Legend required as long as DTC is the
                                         Depository under the Pooling and Servicing Agreement.

 

2
       Book-Entry Certificate legend.

 

    A-3-1

    

    

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL
COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE
BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT
CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

    A-3-2

    

    

	PASS-THROUGH
        RATE: 3.0902%

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS A-3 CERTIFICATES AS OF THE CLOSING DATE: $55,480,000

         
	 	MASTER
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        ASSET
        REPRESENTATIONS REVIEWER: PENTALPHA SURVEILLANCE LLC

         

        CUSIP
        NO.: 08162YAC6

         

        ISIN
        NO.: US08162YAC66

         

        COMMON
        CODE NO.: 206684011

         

        CERTIFICATE
        NO.: A-3-[1]

         

    A-3-3

    

    

CLASS A-3
CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class A-3 Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class A-3 Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin

 

    A-3-4

    

    

 

or currency of the United States of America as at the time of payment is legal tender for the payment
of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class A-3 Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within
six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-3-5

    

    

 

failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class A-3 Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate
of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)        to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of

 

    A-3-6

    

    

 

Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website

 

    A-3-7

    

    

 

pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)        change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an

 

    A-3-8

    

    

 

Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate
Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-3-9

    

    

 

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION,  not in its individual capacity but solely as Certificate Registrar under the Pooling
    and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

 

		Dated:	November
                                         21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS A-3 CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

  

    A-3-10

    

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN
    COM   	-   	as
    tenant in common	UNIF
    GIFT MIN ACT __________ Custodian
	TEN
    ENT	-	as
    tenants by the entireties	     (Cust)
	JT
    TEN	-	as
    joint tenants with rights of	Under
    Uniform Gifts to Minors
	 	 	survivorship
    and not as tenants in	 
	 	 	common	Act
    __________________________
	 	 		(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE
    GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-3-11

    

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________. Statements
should be mailed to _________________________. This information is provided by assignee named above, or ______________________________,
as its agent.

 

    A-3-12

    

    

 

EXHIBIT
A-4

 

FORM
OF CLASS A-4 CERTIFICATE

 

CLASS
A-4

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS A-4

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]1

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

 

 

1
                                                Legend required as long as DTC is the
                                         Depository under the Pooling and Servicing Agreement.

 

2
       Book-Entry Certificate legend.

 

    A-4-1

    

    

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL
COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE
BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT
CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

    A-4-2

    

    

	PASS-THROUGH
        RATE: 2.7946%

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS A-4 CERTIFICATES AS OF THE CLOSING DATE: $187,000,000

         
	 	MASTER
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        ASSET
        REPRESENTATIONS REVIEWER: PENTALPHA SURVEILLANCE LLC

         

        CUSIP
        NO.: 08162YAD4

         

        ISIN
        NO.: US08162YAD40

         

        COMMON
        CODE NO.: 206684259

         

        CERTIFICATE
        NO.: A-4-[1]

         

	 	 	 

    A-4-3

    

    

CLASS A-4
CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class A-4 Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class A-4 Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin

 

    A-4-4

    

    

 

or currency of the United States of America as at the time of payment is legal tender for the payment
of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class A-4 Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within
six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-4-5

    

    

 

failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class A-4 Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate
of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)        to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of

 

    A-4-6

    

    

 

 

Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website

 

    A-4-7

    

    

 

pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)        change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an

 

    A-4-8

    

    

 

Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate
Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-4-9

    

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
     not in its individual capacity but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

    Title:

 

		Dated:	November
                                         21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS A-4 CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
    as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

    Title:

  

    A-4-10

    

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF GIFT MIN ACT __________ Custodian
	TEN ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of	Under Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	common	Act __________________________
	 	 		(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-4-11

    

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________. Statements
should be mailed to _________________________. This information is provided by assignee named above, or ______________________________,
as its agent.

 

    A-4-12

    

    

 

EXHIBIT
A-5

 

FORM
OF CLASS A-5 CERTIFICATE

 

CLASS
A-5

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS A-5

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]1

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

 

 

1
       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

 

2
       Book-Entry Certificate legend.

 

    A-5-1

     

    

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL
COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE
BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT
CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

    A-5-2

     

    
 

	PASS-THROUGH
        RATE: 3.0486%

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS A-5 CERTIFICATES AS OF THE CLOSING DATE: $350,570,000

         
	 	MASTER
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        ASSET
        REPRESENTATIONS REVIEWER: PENTALPHA SURVEILLANCE LLC

         

        CUSIP
        NO.: 08162YAE2

         

        ISIN
        NO.: US08162YAE23

         

        COMMON
        CODE NO.: 206684143

         

        CERTIFICATE
NO.: A-5-[1]

 

    A-5-3

     

    

 

CLASS A-5
CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class A-5 Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class A-5 Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin

 

    A-5-4

     

    

 

or
currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class A-5 Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within
six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-5-5

     

    

 

failure
to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class A-5 Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate
of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)          
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of

 

    A-5-6

     

    

 

Counsel
(at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable to maintain
such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will not adversely
affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)        
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)        
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website

 

    A-5-7

     

    

 

pursuant
to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)          
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)        
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an

 

    A-5-8

     

    

 

Opinion
of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing Agreement,
that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master Servicer,
the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified person in accordance with such amendment will not result in the imposition of a tax on any portion
of the Trust Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail
to qualify as a grantor trust under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing
Agreement may be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement
by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-5-9

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS A-5 CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

  

    A-5-10

     

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-5-11

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-5-12

     

    

 

EXHIBIT
A-6

 

FORM
OF CLASS A-SB CERTIFICATE

 

CLASS
A-SB

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS A-SB

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]1

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE

 

 

 

1
       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

 

2
       Book-Entry Certificate legend.

 

    A-6-1

     

    

 

CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL
COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE
BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT
CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

    A-6-2

     

    

 

	PASS-THROUGH
        RATE: 2.9571%

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS A-SB CERTIFICATES AS OF THE CLOSING DATE: $37,040,000

         
	 	MASTER
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        ASSET
        REPRESENTATIONS REVIEWER: PENTALPHA SURVEILLANCE LLC

         

        CUSIP
        NO.: 08162YAG7

         

        ISIN
        NO.: US08162YAG70

         

        COMMON
        CODE NO.: 206684216

         

        CERTIFICATE
NO.: A-SB-[1]

 

    A-6-3

     

    

 

CLASS
A-SB CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class A-SB Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class A-SB Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin

 

    A-6-4

     

    

 

or
currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class A-SB Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within
six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-6-5

     

    

 

failure
to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class A-SB Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate
of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)          
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of

 

    A-6-6

     

    

 

Counsel
(at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable to maintain
such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will not adversely
affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)        
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website

 

    A-6-7

     

    

 

pursuant
to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)          
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)        
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an

 

    A-6-8

     

    

 

Opinion
of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing Agreement,
that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master Servicer,
the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified person in accordance with such amendment will not result in the imposition of a tax on any portion
of the Trust Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail
to qualify as a grantor trust under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing
Agreement may be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement
by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-6-9

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS A-SB CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

  

    A-6-10

     

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-6-11

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-6-12

     

    

 

EXHIBIT
A-7

 

FORM
OF CLASS X-A CERTIFICATE

 

CLASS
X-A

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS X-A

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]1

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

THIS
CLASS X-A CERTIFICATE HAS NO PRINCIPAL BALANCE AND WILL NOT RECEIVE ANY DISTRIBUTION OF PRINCIPAL.

 

THE
NOTIONAL AMOUNT OF THIS CERTIFICATE WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCES OF THE CLASS
A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5, CLASS A-SB AND CLASS A-S CERTIFICATES. ACCORDINGLY, THE NOTIONAL AMOUNT OF THIS
CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.

 

THE
NOTIONAL AMOUNT ON WHICH THE INTEREST PAYABLE TO THE HOLDERS OF THE CLASS X-A CERTIFICATES IS BASED WILL BE REDUCED AS A RESULT
OF PRINCIPAL

 

 

 

1
       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

 

2
       Book-Entry Certificate legend.

 

    A-7-1

     

    

 

PAYMENTS AND LOSSES ON THE MORTGAGE LOANS. ACCORDINGLY, THE INTEREST PAYABLE PURSUANT TO THIS CERTIFICATE MAY BE
LESS THAN THAT SET FORTH BELOW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

    A-7-2

     

    
 

	PASS-THROUGH
        RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND SERVICING AGREEMENT

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE NOTIONAL AMOUNT OF THE CLASS X-A CERTIFICATES AS OF THE CLOSING DATE: $1,029,785,000

         
	 	MASTER
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION LLC

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        ASSET
        REPRESENTATIONS REVIEWER: PENTALPHA SURVEILLANCE LLC

         

        CUSIP
        NO.: 08162YAK8

         

        ISIN
        NO.: US08162YAK82

         

        COMMON
        CODE NO.: 206684186

         

        CERTIFICATE
NO.: X-A-[1][2]

 

    A-7-3

     

    

 

CLASS X-A
CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class X-A Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class X-A Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of interest then distributable,
if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully
described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield
Maintenance Charges as provided in the

 

    A-7-4

     

    

 

Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of
America as at the time of payment is legal tender for the payment of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class X-A Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Interest allocated to this Certificate on any Distribution
Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to be distributed on
the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement of this Certificate
as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within
six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-7-5

     

    

 

failure
to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class X-A Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $1,000,000 initial Notional Amount, and in integral multiples of $1 in excess thereof,
with one Certificate of each such Class evidencing an additional amount equal to the remainder of the initial Notional Amount
of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)          
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to
maintain the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant
provisions of the Code at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of
any tax on the Trust, any Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate
Administrator have received an
Opinion of 

 

    A-7-6

     

    

 

Counsel
(at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable to maintain
such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will not adversely
affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)        
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website

 

    A-7-7

     

    

 

pursuant
to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)          
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)        
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)        
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an

 

    A-7-8

     

    

 

Opinion
of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing Agreement,
that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master Servicer,
the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified person in accordance with such amendment will not result in the imposition of a tax on any portion
of the Trust Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail
to qualify as a grantor trust under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing
Agreement may be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement
by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-7-9

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS X-A CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

  

    A-7-10

     

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-7-11

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-7-12

     

    

 

EXHIBIT
A-8

 

FORM
OF CLASS X-B CERTIFICATE

 

CLASS
X-B

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS X-B

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]1

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

THIS
CLASS X-B CERTIFICATE HAS NO PRINCIPAL BALANCE AND WILL NOT RECEIVE ANY DISTRIBUTION OF PRINCIPAL.

 

THE
NOTIONAL AMOUNT OF THIS CERTIFICATE WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCE OF THE CLASS B
AND CLASS C CERTIFICATES. ACCORDINGLY, THE NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL
AMOUNT SET FORTH BELOW.

 

THE
NOTIONAL AMOUNT ON WHICH THE INTEREST PAYABLE TO THE HOLDERS OF THE CLASS X-B CERTIFICATES IS BASED WILL BE REDUCED AS A RESULT
OF PRINCIPAL

 

 

 

1       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

 

2       Book-Entry Certificate legend.

 

    A-8-1

     

    

 

PAYMENTS AND LOSSES ON THE MORTGAGE LOANS. ACCORDINGLY, THE INTEREST PAYABLE PURSUANT TO THIS CERTIFICATE MAY BE
LESS THAN THAT SET FORTH BELOW. 

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

    A-8-2

     

    
 

	PASS-THROUGH
        RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND SERVICING AGREEMENT

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE NOTIONAL AMOUNT OF THE CLASS X-B CERTIFICATES AS OF THE CLOSING DATE: $114,420,000

         
	 	MASTER
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        ASSET
        REPRESENTATIONS REVIEWER: PENTALPHA SURVEILLANCE LLC

         

        CUSIP
        NO.: 08162YAL6

         

        ISIN
        NO.: US08162YAL65

         

        COMMON
        CODE NO.: 206684054

         

        CERTIFICATE
NO.: X-B-[1]

 

    A-8-3

     

    

 

CLASS X-B
CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class X-B Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class X-B Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of interest then distributable,
if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully
described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield
Maintenance Charges as provided in the

 

    A-8-4

     

    

 

Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of
America as at the time of payment is legal tender for the payment of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class X-B Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Interest allocated to this Certificate on any Distribution
Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to be distributed on
the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement of this Certificate
as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within
six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-8-5

     

    

 

failure
to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class X-B Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $1,000,000 initial Notional Amount, and in integral multiples of $1 in excess thereof,
with one Certificate of each such Class evidencing an additional amount equal to the remainder of the initial Notional Amount
of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)          
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of

 

    A-8-6

     

    

 

Counsel
(at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable to maintain
such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will not adversely
affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)       to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website

 

    A-8-7

     

    

 

pursuant
to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)          
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)        
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an

 

    A-8-8

     

    

 

Opinion
of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing Agreement,
that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master Servicer,
the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified person in accordance with such amendment will not result in the imposition of a tax on any portion
of the Trust Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail
to qualify as a grantor trust under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing
Agreement may be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement
by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-8-9

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS X-B CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

  

    A-8-10

     

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-8-11

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-8-12

     

    

 

EXHIBIT
A-9

 

FORM
OF CLASS X-D CERTIFICATE

 

CLASS
X-D

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS X-D

 

[THIS
CERTIFICATE IS A TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”)
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND
SERVICING AGREEMENT REFERRED TO BELOW.

 

NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR
INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION

 

 

 

1
       Temporary Regulation S Book-Entry Certificate legend.

 

2       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

 

3       Book-Entry Certificate legend.

 

    A-9-1

     

    

 

LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE
REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S.
PERSON” IN AN “OFFSHORE TRANSACTION”, AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT (“REGULATION D”)
OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2),
(3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CLASS X-D CERTIFICATE HAS NO PRINCIPAL BALANCE AND WILL NOT RECEIVE ANY DISTRIBUTION OF PRINCIPAL.

 

THE
NOTIONAL AMOUNT OF THIS CERTIFICATE WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCE OF THE CLASS D
AND CLASS E CERTIFICATES. ACCORDINGLY, THE NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL
AMOUNT SET FORTH BELOW.

 

THE
NOTIONAL AMOUNT ON WHICH THE INTEREST PAYABLE TO THE HOLDERS OF THE CLASS X-D CERTIFICATES IS BASED WILL BE REDUCED AS A RESULT
OF PRINCIPAL PAYMENTS AND LOSSES ON THE MORTGAGE LOANS. ACCORDINGLY, THE INTEREST PAYABLE PURSUANT TO THIS CERTIFICATE MAY BE
LESS THAN THAT SET FORTH BELOW. THIS CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE
INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE
CODE OF 1986, AS AMENDED (THE “CODE”).

 

    A-9-2

     

    
 

	PASS-THROUGH
        RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND SERVICING AGREEMENT

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE NOTIONAL AMOUNT OF THE CLASS X-D CERTIFICATES AS OF THE CLOSING DATE: $59,630,000

         
	 	MASTER
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        ASSET
        REPRESENTATIONS REVIEWER: PENTALPHA SURVEILLANCE LLC

         

        [CUSIP
        NO.: 08162YAP7

        ISIN NO.: US08162YAP79

        COMMON CODE NO: 206684020]4

        

        [CUSIP NO.: U0811BAB7

        ISIN NO.: USU0811BAB72

        COMMON CODE NO.: 206683872]5

         

        [CUSIP
        NO.: 08162YAQ5

        ISIN NO.: US08162YAQ52]6

         

        CERTIFICATE
NO.: X-D-[1]

 

 

 

4
For Certificate sold in reliance on Rule 144A only.

 

5
For Regulation S Global Certificate only.

 

6
For IAI Definitive Certificate only.

 

    A-9-3

     

    

 

CLASS X-D
CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class X-D Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class X-D Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of interest then distributable,
if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully
described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield
Maintenance Charges as provided in the

 

    A-9-4

     

    

 

Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of
America as at the time of payment is legal tender for the payment of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class X-D Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Interest allocated to this Certificate on any Distribution
Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to be distributed on
the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement of this Certificate
as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within
six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-9-5

     

    

 

failure
to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class X-D Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $1,000,000 initial Notional Amount, and in integral multiples of $1 in excess thereof,
with one Certificate of each such Class evidencing an additional amount equal to the remainder of the initial Notional Amount
of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)          
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of

 

    A-9-6

     

    

 

Counsel
(at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable to maintain
such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will not adversely
affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)        
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website

 

    A-9-7

     

    

 

pursuant
to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)          
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)        
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an

 

    A-9-8

     

    

 

Opinion
of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing Agreement,
that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master Servicer,
the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified person in accordance with such amendment will not result in the imposition of a tax on any portion
of the Trust Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail
to qualify as a grantor trust under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing
Agreement may be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement
by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-9-9

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS X-D CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

  

    A-9-10

     

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-9-11

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-9-12

     

    

 

EXHIBIT
A-10

 

FORM
OF CLASS A-S CERTIFICATE

 

CLASS
A-S

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS A-S

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]1

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

 

 

1
       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

 

2
       Book-Entry Certificate legend.

 

    A-10-1

     

    

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL
COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE
BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT
CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR.

 

THIS
CERTIFICATE IS SUBORDINATED TO THE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B AND
CLASS X-D CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    A-10-2

     

    

 

	PASS-THROUGH
        RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND SERVICING AGREEMENT

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS A-S CERTIFICATES AS OF THE CLOSING DATE: $127,315,000

         
	 	MASTER
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        ASSET
        REPRESENTATIONS REVIEWER: PENTALPHA SURVEILLANCE LLC

         

        CUSIP
        NO.: 08162YAF9

         

        ISIN
        NO.: US08162YAF97

         

        COMMON
        CODE NO.: 206683988

         

        CERTIFICATE
NO.: A-S-[1]

 

    A-10-3

     

    

 

CLASS A-S
CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class A-S Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class A-S Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin

 

    A-10-4

     

    

 

or
currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class A-S Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within
six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-10-5

     

    

 

failure
to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class A-S Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate
of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)          
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of

 

    A-10-6

     

    

 

Counsel
(at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable to maintain
such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will not adversely
affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)        
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website

 

    A-10-7

     

    

 

pursuant
to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)          
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)       
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)        
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an

 

    A-10-8

     

    

 

Opinion
of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing Agreement,
that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master Servicer,
the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified person in accordance with such amendment will not result in the imposition of a tax on any portion
of the Trust Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail
to qualify as a grantor trust under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing
Agreement may be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement
by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-10-9

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS A-S CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

  

    A-10-10

     

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-10-11

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-10-12

     

    
 

EXHIBIT
A-11

 

FORM OF CLASS B CERTIFICATE

 

CLASS B

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS B

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

 

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

 

THIS CERTIFICATE DOES NOT REPRESENT
AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER,
THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER,
THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE
UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

 

 

1
       Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

 

2        Book-Entry
Certificate legend.

 

    A-11-1 

     

    

 

THE PORTION OF THE CERTIFICATE BALANCE
OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES
AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES ON THE RELATED MORTGAGE LOANS
FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS ON THE MORTGAGE
LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE
MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY
OF THE CERTIFICATE ADMINISTRATOR.

 

THIS CERTIFICATE IS SUBORDINATED TO
THE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, AND CLASS A-S CERTIFICATES
AS AND TO THE EXTENT SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    A-11-2 

     

    

 

	
        PASS-THROUGH RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND
        SERVICING AGREEMENT

         

        DENOMINATION: $[            ]

         

        DATE OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT
        (AS DEFINED HEREIN)

         

        CLOSING DATE: NOVEMBER
        21, 2019

         

        FIRST DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE AGGREGATE CERTIFICATE BALANCE OF THE
        CLASS B CERTIFICATES AS OF THE CLOSING DATE: $61,240,000

         
	 	
        MASTER SERVICER: MIDLAND
        LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL SERVICER: MIDLAND
        LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE: WELLS FARGO BANK, NATIONAL
        ASSOCIATION

         

        CERTIFICATE ADMINISTRATOR:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        ASSET REPRESENTATIONS REVIEWER:
        PENTALPHA SURVEILLANCE LLC

         

        CUSIP NO.: 08162YAH5

         

        ISIN NO.: US08162YAH53

         

        COMMON CODE NO.: 206684097

         

        CERTIFICATE NO.: B-[1]

         

 

    A-11-3 

     

    

 

CLASS B
CERTIFICATE

 

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”) and a separate
subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion Loan”), all payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-off Date, all REO
Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance policies, any Assignment
of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate Companion Loan and
such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest Reserve Account,
the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS CERTIFIES THAT CEDE & CO. is the
registered owner of the interest evidenced by this Certificate in the Class B Certificates issued by the Trust created pursuant
to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term
includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent
provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms
used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This Certificate is one
of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called
the “Certificates”) and representing an interest in the Class of Certificates specified on the face hereof equal
to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified on the face hereof,
by the aggregate initial Certificate Balance of the Class B Certificates. The Certificates are designated as the Benchmark
2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the classes as specifically
set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100% of the beneficial ownership
of the Trust.

 

This Certificate does
not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect
to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of
the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions
of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder
by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any conflict between terms
specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing
Agreement shall govern.

 

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no
action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income
taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate
is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage
Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then distributable,
if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully
described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield
Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate are payable
in the coin

 

    A-11-4 

     

    

 

or currency of the United States of America as at the time of payment is legal tender for the payment of public and
private debts.

 

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period
relating to such Distribution Date at the Class B Pass-Through Rate specified above on the Certificate Balance of this Certificate
immediately prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will
be in an amount equal to this Certificate’s pro rata share of the Available Funds to be distributed on the Certificates
of this Class as of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth
in the Pooling and Servicing Agreement.

 

Realized Losses and certain
other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable Distribution
Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage
Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata among the
outstanding Certificates of such Class.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and
the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator
(with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts
may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest
or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling
and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made
from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of certain
expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All distributions under
the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire
instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds
to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution
on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously allocated to
this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the offices of the
Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders
to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts
of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h)
of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified
in such notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender
their Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the
second notice all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or
through an agent, shall take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their
Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders
following the first anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out
of such funds. No interest shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and
Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-11-5 

     

    

 

failure to surrender its Certificate(s)
for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing Agreement.

 

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable
in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office of the Certificate
Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below or other
written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

 

Subject to the terms
of the Pooling and Servicing Agreement, the Class B Certificates will be issued in book-entry form through the facilities of DTC
in minimum denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class
evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any
transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of
the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or
transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate
Registrar in connection with such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient
to cover any tax, expense or other governmental charge payable in connection with any such transfer or exchange.

 

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of
them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee,
the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent
of any of them, shall be affected by any notice to the contrary.

 

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the
Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any
provision of the Pooling and Servicing Agreement;

 

(ii)         to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the
statements made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account;
provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the
related Distribution Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder,
as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

 

(iv)        to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary
to maintain the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions
of the Code at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the
Trust, any Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an
Opinion of

 

    A-11-6 

     

    

 

Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary
or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such
action will not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement
or any other change; provided that the required action shall not adversely affect in any material respect the interests
of any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in
writing by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment
or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting to such
amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement
of Nonrecoverable Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and,
for so long as a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other
than any Excluded Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard
for such provisions has changed, in order to conform to such industry standard, (b) such modification does not adversely affect
the status of any Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of
the Code, as evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with
regard to any class of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such
action will not result in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website

 

    A-11-7 

     

    

 

pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended
or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary
to comply with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii)
or (iv).

 

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations
of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller
as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller or (B)
may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of Certificates of each
Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage Interests constituting
the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling
and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such Class; provided,
however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate
Companion Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate
or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of
such Class then outstanding; or

 

(iv)        change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan
Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation
from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the related
Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

 

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the
Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without
having first received an

 

    A-11-8 

     

    

 

Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under
the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise
of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the
Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such amendment will not
result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify
as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of the Code. Furthermore,
no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically required to be included
in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s).

 

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order
of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator
and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property
acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate Companion Loan and the Trust’s
portion of each REO Property remaining in the Trust Fund, and thereby effect termination of the Trust and early retirement of the
then-outstanding Certificates, on or after the first Distribution Date on which the aggregate Stated Principal Balances of the
Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate Cut-off Date Balance of the
Mortgage Loans.

 

Following the date on
which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates
are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding
Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have the right, with the consent
of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates) for all of the Mortgage
Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling
and Servicing Agreement.

 

The obligations created
by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator
to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction
of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment resulting from
a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement. In no event,
however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death
of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

 

Unless the certificate
of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled
to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this
Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation
or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the Mortgage Loans
or the Trust Subordinate Companion Loan.

 

THIS CERTIFICATE AND
THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

  

    A-11-9 

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS B CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

  

    A-11-10 

     

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-11-11 

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-11-12 

     

    

 

EXHIBIT
A-12

 

FORM OF CLASS C CERTIFICATE

 

CLASS C

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS C

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

 

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

 

THIS CERTIFICATE DOES NOT REPRESENT
AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER,
THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER,
THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE
UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

 

 

1
       Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

 

2
       Book-Entry Certificate legend.

 

    A-12-1 

     

    

 

THE PORTION OF THE CERTIFICATE BALANCE
OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES
AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES ON THE RELATED MORTGAGE LOANS
FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS ON THE MORTGAGE
LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE
MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY
OF THE CERTIFICATE ADMINISTRATOR.

 

THIS CERTIFICATE IS SUBORDINATED TO
THE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS A-S AND CLASS B CERTIFICATES
AS AND TO THE EXTENT SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    A-12-2 

     

    

 

	
        PASS-THROUGH RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND
        SERVICING AGREEMENT

         

        DENOMINATION: $[            ]

         

        DATE OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT
        (AS DEFINED HEREIN)

         

        CLOSING DATE: NOVEMBER
        21, 2019

         

        FIRST DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE AGGREGATE CERTIFICATE BALANCE OF THE CLASS C
        CERTIFICATES AS OF THE CLOSING DATE: $53,180,000

         
	 	
        MASTER SERVICER: MIDLAND
        LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL SERVICER: MIDLAND
        LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE: WELLS FARGO BANK, NATIONAL
        ASSOCIATION

         

        CERTIFICATE ADMINISTRATOR:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        ASSET REPRESENTATIONS REVIEWER:
        PENTALPHA SURVEILLANCE LLC

         

        CUSIP NO.: 08162YAJ1

         

        ISIN NO.: US08162YAJ10

         

        COMMON CODE NO.: 206683953

         

        CERTIFICATE NO.: C-[1]

         

 

    A-12-3 

     

    

 

CLASS
C CERTIFICATE

 

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”) and a separate
subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion Loan”), all payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-off Date, all REO
Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance policies, any Assignment
of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate Companion Loan and
such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest Reserve Account,
the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS CERTIFIES THAT CEDE & CO. is the
registered owner of the interest evidenced by this Certificate in the Class C Certificates issued by the Trust created pursuant
to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term
includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent
provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms
used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This Certificate is one
of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called
the “Certificates”) and representing an interest in the Class of Certificates specified on the face hereof equal
to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified on the face hereof,
by the aggregate initial Certificate Balance of the Class C Certificates. The Certificates are designated as the Benchmark 2019-B14
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the classes as specifically set
forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100% of the beneficial ownership
of the Trust.

 

This Certificate does
not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect
to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of
the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions
of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder
by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any conflict between terms
specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing
Agreement shall govern.

 

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no
action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income
taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate
is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage
Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then distributable,
if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully
described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield
Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate are payable
in the coin

 

    A-12-4 

     

    

 

or currency of the United States of America as at the time of payment is legal tender for the payment of public and
private debts.

 

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period
relating to such Distribution Date at the Class C Pass-Through Rate specified above on the Certificate Balance of this Certificate
immediately prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will
be in an amount equal to this Certificate’s pro rata share of the Available Funds to be distributed on the Certificates
of this Class as of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth
in the Pooling and Servicing Agreement.

 

Realized Losses and certain
other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable Distribution
Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage
Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata among the
outstanding Certificates of such Class.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and
the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator
(with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts
may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest
or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling
and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made
from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of certain
expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All distributions under
the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire
instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds
to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution
on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously allocated to
this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the offices of the
Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders
to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts
of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h)
of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified
in such notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender
their Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the
second notice all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or
through an agent, shall take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their
Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders
following the first anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out
of such funds. No interest shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and
Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-12-5 

     

    

 

failure to surrender its Certificate(s)
for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing Agreement.

 

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable
in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office of the Certificate
Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below or other
written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

 

Subject to the terms
of the Pooling and Servicing Agreement, the Class C Certificates will be issued in book-entry form through the facilities of DTC
in minimum denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class
evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any
transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of
the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or
transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate
Registrar in connection with such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient
to cover any tax, expense or other governmental charge payable in connection with any such transfer or exchange.

 

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of
them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee,
the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent
of any of them, shall be affected by any notice to the contrary.

 

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the
Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any
provision of the Pooling and Servicing Agreement;

 

(ii)         to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the
statements made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account;
provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the
related Distribution Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder,
as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

 

(iv)        to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary
to maintain the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions
of the Code at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the
Trust, any Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an
Opinion of

 

    A-12-6 

     

    

 

Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary
or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such
action will not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement
or any other change; provided that the required action shall not adversely affect in any material respect the interests
of any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in
writing by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment
or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting to such
amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement
of Nonrecoverable Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and,
for so long as a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other
than any Excluded Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard
for such provisions has changed, in order to conform to such industry standard, (b) such modification does not adversely affect
the status of any Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of
the Code, as evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with
regard to any class of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such
action will not result in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website

 

    A-12-7 

     

    

 

pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended
or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary
to comply with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii)
or (iv).

 

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations
of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller
as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller or (B)
may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of Certificates of each
Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage Interests constituting
the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling
and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such Class; provided,
however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate
Companion Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate
or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of
such Class then outstanding; or

 

(iv)        change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan
Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation
from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the related
Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

 

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the
Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without
having first received an

 

    A-12-8 

     

    

 

Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under
the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise
of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the
Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such amendment will not
result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify
as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of the Code. Furthermore,
no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically required to be included
in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s).

 

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order
of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator
and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property
acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate Companion Loan and the Trust’s
portion of each REO Property remaining in the Trust Fund, and thereby effect termination of the Trust and early retirement of the
then-outstanding Certificates, on or after the first Distribution Date on which the aggregate Stated Principal Balances of the
Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate Cut-off Date Balance of the
Mortgage Loans.

 

Following the date on
which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates
are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding
Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have the right, with the consent
of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates) for all of the Mortgage
Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling
and Servicing Agreement.

 

The obligations created
by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator
to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction
of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment resulting from
a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement. In no event,
however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death
of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

 

Unless the certificate
of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled
to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this
Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation
or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the Mortgage Loans
or the Trust Subordinate Companion Loan.

 

THIS CERTIFICATE AND
THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-12-9 

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS C CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

  

    A-12-10 

     

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-12-11 

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-12-12 

     

    

 

EXHIBIT
A-13

 

FORM OF CLASS D CERTIFICATE

 

CLASS D

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS D

 

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO BENEFICIAL OWNERS OF THIS TEMPORARY
REGULATION S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS
HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

 

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS CERTIFICATE DOES NOT REPRESENT
AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER,
THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER,
THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE
UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION

 

 

 

1
       Temporary Regulation S Book-Entry Certificate legend.

 

2
       Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

 

3
       Book-Entry Certificate legend.

 

    A-13-1 

     

    

 

LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO
A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A
“QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE,
PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON”
IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT (“REGULATION D”) OR ANY ENTITY IN
WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF
REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER
APPLICABLE JURISDICTION.

 

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

THE PORTION OF THE CERTIFICATE BALANCE
OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES
AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES ON THE RELATED MORTGAGE LOANS
FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS ON THE MORTGAGE
LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE
MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY
OF THE CERTIFICATE ADMINISTRATOR. 

 

THIS CERTIFICATE IS SUBORDINATED TO
THE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS A-S, CLASS B
AND CLASS C CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    A-13-2 

     

    

 

	
        PASS-THROUGH RATE: 2.5000%

         

        DENOMINATION: $[            ]

         

        DATE OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT
        (AS DEFINED HEREIN)

         

        CLOSING DATE: NOVEMBER
        21, 2019

         

        FIRST DISTRIBUTION DATE: DECEMBER
        17, 2019

         

        APPROXIMATE AGGREGATE CERTIFICATE BALANCE OF THE CLASS D
        CERTIFICATES AS OF THE CLOSING DATE: $33,845,000

         
	 	
        MASTER SERVICER: MIDLAND
        LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL SERVICER: MIDLAND
        LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE: WELLS FARGO BANK, NATIONAL
        ASSOCIATION

         

        CERTIFICATE ADMINISTRATOR:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE LLC

         

        [CUSIP NO.: 08162YAM4

        ISIN NO.: US08162YAM49

        COMMON CODE NO.: 206683929]4

        

        [CUSIP NO.: U0811BAA9

        ISIN NO.: USU0811BAA99

        COMMON CODE NO.: 206684151]5

         

        [CUSIP NO.: 08162YAN2

        ISIN NO.: US08162YAN22]6
        

         

        CERTIFICATE NO.: D-[1]

 

 

 

4
For Certificate sold in reliance on Rule 144A only.

 

5
For Regulation S Global Certificate only.

 

6
For IAI Definitive Certificate only.

 

    A-13-3 

     

    

 

CLASS
D CERTIFICATE

 

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”) and a separate
subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion Loan”), all payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-off Date, all REO
Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance policies, any Assignment
of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate Companion Loan and
such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest Reserve Account,
the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS CERTIFIES THAT CEDE & CO. is the
registered owner of the interest evidenced by this Certificate in the Class D Certificates issued by the Trust created pursuant
to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term
includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent
provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms
used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This Certificate is one
of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called
the “Certificates”) and representing an interest in the Class of Certificates specified on the face hereof equal
to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified on the face hereof,
by the aggregate initial Certificate Balance of the Class D Certificates. The Certificates are designated as the Benchmark 2019-B14
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the classes as specifically set
forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100% of the beneficial ownership
of the Trust.

 

This Certificate does
not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect
to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of
the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions
of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder
by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any conflict between terms
specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing
Agreement shall govern.

 

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no
action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income
taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate
is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage
Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then distributable,
if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully
described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield
Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate are payable
in the coin

 

    A-13-4 

     

    

 

or currency of the United States of America as at the time of payment is legal tender for the payment of public and
private debts.

 

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period
relating to such Distribution Date at the Class D Pass-Through Rate specified above on the Certificate Balance of this Certificate
immediately prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will
be in an amount equal to this Certificate’s pro rata share of the Available Funds to be distributed on the Certificates
of this Class as of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth
in the Pooling and Servicing Agreement.

 

Realized Losses and certain
other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable Distribution
Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage
Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata among the
outstanding Certificates of such Class.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and
the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator
(with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts
may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest
or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling
and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made
from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of certain
expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All distributions under
the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire
instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds
to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution
on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously allocated to
this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the offices of the
Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders
to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts
of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h)
of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified
in such notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender
their Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the
second notice all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or
through an agent, shall take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their
Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders
following the first anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out
of such funds. No interest shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and
Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-13-5 

     

    

 

failure to surrender its Certificate(s)
for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing Agreement.

 

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable
in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office of the Certificate
Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below or other
written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

 

Subject to the terms
of the Pooling and Servicing Agreement, the Class D Certificates will be issued in book-entry form through the facilities of DTC
in minimum denominations of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class
evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any
transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of
the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or
transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate
Registrar in connection with such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient
to cover any tax, expense or other governmental charge payable in connection with any such transfer or exchange.

 

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of
them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee,
the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent
of any of them, shall be affected by any notice to the contrary.

 

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the
Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any
provision of the Pooling and Servicing Agreement;

 

(ii)         to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the
statements made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account;
provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the
related Distribution Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder,
as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

 

(iv)        to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary
to maintain the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions
of the Code at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the
Trust, any Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an
Opinion of

 

    A-13-6 

     

    

 

Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary
or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such
action will not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement
or any other change; provided that the required action shall not adversely affect in any material respect the interests
of any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in
writing by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment
or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting to such
amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement
of Nonrecoverable Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and,
for so long as a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other
than any Excluded Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard
for such provisions has changed, in order to conform to such industry standard, (b) such modification does not adversely affect
the status of any Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of
the Code, as evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with
regard to any class of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such
action will not result in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website

 

    A-13-7 

     

    

 

pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended
or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary
to comply with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii)
or (iv).

 

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations
of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller
as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller or (B)
may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of Certificates of each
Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage Interests constituting
the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling
and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such Class; provided,
however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate
Companion Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate
or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of
such Class then outstanding; or

 

(iv)        change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan
Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation
from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the related
Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

 

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the
Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without
having first received an

 

    A-13-8 

     

    

 

Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under
the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise
of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the
Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such amendment will not
result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify
as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of the Code. Furthermore,
no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically required to be included
in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s).

 

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order
of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator
and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property
acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate Companion Loan and the Trust’s
portion of each REO Property remaining in the Trust Fund, and thereby effect termination of the Trust and early retirement of the
then-outstanding Certificates, on or after the first Distribution Date on which the aggregate Stated Principal Balances of the
Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate Cut-off Date Balance of the
Mortgage Loans.

 

Following the date on
which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates
are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding
Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have the right, with the consent
of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates) for all of the Mortgage
Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling
and Servicing Agreement.

 

The obligations created
by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator
to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction
of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment resulting from
a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement. In no event,
however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death
of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

 

Unless the certificate
of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled
to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this
Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation
or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the Mortgage Loans
or the Trust Subordinate Companion Loan.

 

THIS CERTIFICATE AND
THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-13-9 

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS D CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

  

    A-13-10 

     

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-13-11 

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-13-12 

     

    

 

EXHIBIT
A-14

 

FORM OF CLASS E CERTIFICATE

 

CLASS E

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS E

 

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO BENEFICIAL OWNERS OF THIS TEMPORARY
REGULATION S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS
HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

 

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS CERTIFICATE DOES NOT REPRESENT
AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER,
THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER,
THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE
UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION

 

 

 

1
       Temporary Regulation S Book-Entry Certificate legend.

 

2
       Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

 

3
       Book-Entry Certificate legend.

 

    A-14-1 

     

    

 

LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO
A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A
“QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE,
PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON”
IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT (“REGULATION D”) OR ANY ENTITY IN
WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF
REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER
APPLICABLE JURISDICTION.

 

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

THE PORTION OF THE CERTIFICATE BALANCE
OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES
AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES ON THE RELATED MORTGAGE LOANS
FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS ON THE MORTGAGE
LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE
MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY
OF THE CERTIFICATE ADMINISTRATOR. 

 

THIS CERTIFICATE IS SUBORDINATED TO
THE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS A-S, CLASS B,
CLASS C AND CLASS D CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    A-14-2 

     

    

 

	
        PASS-THROUGH RATE: 2.5000%

         

        DENOMINATION: $[            ]

         

        DATE OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT
        (AS DEFINED HEREIN)

         

        CLOSING DATE: NOVEMBER
        21, 2019

         

        FIRST DISTRIBUTION DATE: DECEMBER
        17, 2019

         

        APPROXIMATE AGGREGATE CERTIFICATE BALANCE OF THE CLASS E
        CERTIFICATES AS OF THE CLOSING DATE: $25,785,000

         
	 	
        MASTER SERVICER: MIDLAND
        LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL SERVICER: MIDLAND
        LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE: WELLS FARGO BANK, NATIONAL
        ASSOCIATION

         

        CERTIFICATE ADMINISTRATOR:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE LLC

         

        [CUSIP NO.: 08162YAR3

ISIN NO.: US08162YAR36

        COMMON CODE NO: 206684119]4

[CUSIP NO.: U0811BAC5

ISIN NO.: USU0811BAC55 

        COMMON CODE NO: 206683996]5

        

        [CUSIP NO.: 08162YAS1

        ISIN NO.: US08162YAS19]6

         

        CERTIFICATE NO.: E-[1]

 

 

 

4
For Certificate sold in reliance on Rule 144A only.

 

5
For Regulation S Global Certificate only.

 

6
For IAI Definitive Certificate only.

 

    A-14-3 

     

    

 

CLASS
E CERTIFICATE

 

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”) and a separate
subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion Loan”), all payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-off Date, all REO
Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance policies, any Assignment
of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate Companion Loan and
such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest Reserve Account,
the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS CERTIFIES THAT CEDE & CO. is the
registered owner of the interest evidenced by this Certificate in the Class E Certificates issued by the Trust created pursuant
to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term
includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent
provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms
used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This Certificate is one
of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called
the “Certificates”) and representing an interest in the Class of Certificates specified on the face hereof equal
to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified on the face hereof,
by the aggregate initial Certificate Balance of the Class E Certificates. The Certificates are designated as the Benchmark 2019-B14
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the classes as specifically set
forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100% of the beneficial ownership
of the Trust.

 

This Certificate does
not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect
to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of
the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions
of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder
by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any conflict between terms
specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing
Agreement shall govern.

 

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no
action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income
taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate
is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage
Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then distributable,
if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully
described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield
Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate are payable
in the coin

 

    A-14-4 

     

    

 

or currency of the United States of America as at the time of payment is legal tender for the payment of public and
private debts.

 

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period
relating to such Distribution Date at the Class E Pass-Through Rate specified above on the Certificate Balance of this Certificate
immediately prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will
be in an amount equal to this Certificate’s pro rata share of the Available Funds to be distributed on the Certificates
of this Class as of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth
in the Pooling and Servicing Agreement.

 

Realized Losses and certain
other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable Distribution
Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage
Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata among the
outstanding Certificates of such Class.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and
the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator
(with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts
may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest
or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling
and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made
from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of certain
expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All distributions under
the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire
instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds
to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution
on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously allocated to
this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the offices of the
Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders
to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts
of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h)
of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified
in such notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender
their Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the
second notice all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or
through an agent, shall take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their
Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders
following the first anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out
of such funds. No interest shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and
Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-14-5 

     

    

 

failure to surrender its Certificate(s)
for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing Agreement.

 

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable
in the Certificate Register only upon receipt by the Certificate Administrator of (i) a certificate from the prospective Transferee
in the form set forth in the Pooling and Servicing Agreement, countersigned by the Retaining Sponsor and (ii) a certificate from
the prospective Transferor in the form set forth in the Pooling and Servicing Agreement.

 

Subject to the terms
of the Pooling and Servicing Agreement, the Class E Certificates will be issued in fully registered, certificated form in minimum
denominations of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing
an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any
transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of
the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or
transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate
Registrar in connection with such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient
to cover any tax, expense or other governmental charge payable in connection with any such transfer or exchange.

 

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of
them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee,
the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent
of any of them, shall be affected by any notice to the contrary.

 

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the
Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any
provision of the Pooling and Servicing Agreement;

 

(ii)         to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the
statements made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account;
provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the
related Distribution Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder,
as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

 

(iv)        to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary
to maintain the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions
of the Code at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the
Trust, any Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an
Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary
or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of

 

    A-14-6 

     

    

 

any such tax and (b) such
action will not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement
or any other change; provided that the required action shall not adversely affect in any material respect the interests
of any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in
writing by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment
or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting to such
amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement
of Nonrecoverable Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and,
for so long as a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other
than any Excluded Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard
for such provisions has changed, in order to conform to such industry standard, (b) such modification does not adversely affect
the status of any Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of
the Code, as evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with
regard to any class of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such
action will not result in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

    A-14-7 

     

    

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended
or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary
to comply with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii)
or (iv).

 

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations
of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller
as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller or (B)
may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of Certificates of each
Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage Interests constituting
the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling
and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such Class; provided,
however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate
Companion Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate
or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of
such Class then outstanding; or

 

(iv)        change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan
Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation
from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the related
Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

 

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the
Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without
having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under
the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise
of

 

    A-14-8 

     

    

 

any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the
Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such amendment will not
result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify
as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of the Code. Furthermore,
no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically required to be included
in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s).

 

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order
of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator
and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property
acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate Companion Loan and the Trust’s
portion of each REO Property remaining in the Trust Fund, and thereby effect termination of the Trust and early retirement of the
then-outstanding Certificates, on or after the first Distribution Date on which the aggregate Stated Principal Balances of the
Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate Cut-off Date Balance of the
Mortgage Loans.

 

Following the date on
which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates
are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding
Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have the right, with the consent
of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates) for all of the Mortgage
Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling
and Servicing Agreement.

 

The obligations created
by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator
to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction
of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment resulting from
a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement. In no event,
however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death
of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

 

Unless the certificate
of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled
to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this
Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation
or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the Mortgage Loans
or the Trust Subordinate Companion Loan.

 

THIS CERTIFICATE AND
THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

  

    A-14-9 

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS E CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

  

    A-14-10 

     

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-14-11 

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-14-12 

     

    

 

EXHIBIT
A-15

 

FORM OF CLASS F-RR CERTIFICATE

 

CLASS F-RR

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS F-RR

 

THIS CERTIFICATE IS PART OF THE ELIGIBLE
HORIZONTAL RESIDUAL INTEREST FOR THE RELATED SECURITIZATION AND IS SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERS, HEDGING AND PLEDGING
PURSUANT TO THE CREDIT RISK RETENTION RULES.

 

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

 

NO BENEFICIAL OWNERS OF THIS TEMPORARY
REGULATION S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS
HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

 

[UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR
TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO, HAS AN INTEREST HEREIN.]2

 

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS CERTIFICATE DOES NOT REPRESENT
AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER,
THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING

 

 

 

1
       Temporary Regulation S Book-Entry Certificate legend.

 

2
       Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

 

3
       Book-Entry Certificate legend.

 

    A-15-1 

     

    

 

CERTIFICATEHOLDER,
THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE
UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

 

PRINCIPAL PAYMENTS IN RESPECT OF THIS
CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO
A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A
“QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE,
PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON”
IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT (“REGULATION D”) OR ANY ENTITY IN
WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF
REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER
APPLICABLE JURISDICTION.

 

THIS CERTIFICATE MAY NOT BE PURCHASED
BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT
TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS
DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF OF
ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING
OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO ACQUIRE THIS CERTIFICATE, UNLESS
(A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO
SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO
THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION
BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

 

THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED
TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING AGREEMENT.

 

    A-15-2 

     

    

 

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE CODE.

 

THE PORTION OF THE CERTIFICATE BALANCE
OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES
AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES ON THE RELATED MORTGAGE LOANS
FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS ON THE MORTGAGE
LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE
MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY
OF THE CERTIFICATE ADMINISTRATOR. 

 

THIS CERTIFICATE IS SUBORDINATED TO
THE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS A-S, CLASS B, CLASS
C, CLASS D AND CLASS E CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    A-15-3 

     

    

 

	
        PASS-THROUGH RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND
        SERVICING AGREEMENT

         

        DENOMINATION: $[            ]

         

        DATE OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT
        (AS DEFINED HEREIN)

         

        CLOSING DATE: NOVEMBER
        21, 2019

         

        FIRST DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE AGGREGATE CERTIFICATE BALANCE OF THE CLASS
        F-RR CERTIFICATES AS OF THE CLOSING DATE: $ 24,175,000

         
	 	
        MASTER SERVICER: MIDLAND
        LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL SERVICER: MIDLAND
        LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE: WELLS FARGO BANK, NATIONAL
        ASSOCIATION

         

        CERTIFICATE ADMINISTRATOR:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE LLC

         

        [CUSIP NO.: 08162YAT9

ISIN NO.: US08162YAT91]4

[CUSIP NO.: U0811BAD3

ISIN NO.: USU0811BAD39]5

[CUSIP NO.: 08162YAU6

ISIN NO.: US08162YAU64]6

         

        CERTIFICATE NO.: F-RR-[1]

 

 

 

4
For Certificate sold in reliance on Rule 144A only.

 

5
For Regulation S Global Certificate only.

 

6
For IAI Definitive Certificate only.

 

    A-15-4 

     

    

 

CLASS
F-RR CERTIFICATE

 

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”) and a separate
subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion Loan”), all payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-off Date, all REO
Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance policies, any Assignment
of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate Companion Loan and
such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest Reserve Account,
the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS CERTIFIES THAT [KKR CMBS II AGGREGATOR
TYPE 1 L.P.] is the registered owner of the interest evidenced by this Certificate in the Class F-RR Certificates issued by the
Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling and Servicing
Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This Certificate is one
of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called
the “Certificates”) and representing an interest in the Class of Certificates specified on the face hereof equal
to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified on the face hereof,
by the aggregate initial Certificate Balance of the Class F-RR Certificates. The Certificates are designated as the Benchmark 2019-B14
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the classes as specifically set
forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100% of the beneficial ownership
of the Trust.

 

This Certificate does
not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect
to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of
the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions
of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder
by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any conflict between terms
specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing
Agreement shall govern.

 

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no
action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income
taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate
is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage
Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then distributable,
if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully
described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield
Maintenance Charges as

 

    A-15-5 

     

    

 

provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate are payable
in the coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and
private debts.

 

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period
relating to such Distribution Date at the Class F-RR Pass-Through Rate specified above on the Certificate Balance of this Certificate
immediately prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will
be in an amount equal to this Certificate’s pro rata share of the Available Funds to be distributed on the Certificates
of this Class as of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth
in the Pooling and Servicing Agreement.

 

Realized Losses and certain
other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable Distribution
Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage
Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata among the
outstanding Certificates of such Class.

 

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and
the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator
(with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts
may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest
or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling
and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made
from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of certain
expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All distributions under
the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire
instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds
to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution
on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously allocated to
this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the offices of the
Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders
to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts
of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h)
of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified
in such notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender
their Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the
second notice all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or
through an agent, shall take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their
Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders
following the first anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out
of such funds. No interest shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and
Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-15-6 

     

    

 

failure to surrender its Certificate(s)
for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing Agreement.

 

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable
in the Certificate Register only upon receipt by the Certificate Administrator of (i) a certificate from the prospective Transferee
in the form set forth in the Pooling and Servicing Agreement, countersigned by the Retaining Sponsor and (ii) a certificate from
the prospective Transferor in the form set forth in the Pooling and Servicing Agreement.

 

Subject to the terms
of the Pooling and Servicing Agreement, the Class F-RR Certificates will be issued in fully registered, certificated form in minimum
denominations of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing
an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any
transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of
the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or
transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate
Registrar in connection with such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient
to cover any tax, expense or other governmental charge payable in connection with any such transfer or exchange.

 

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of
them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee,
the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent
of any of them, shall be affected by any notice to the contrary.

 

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the
Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any
provision of the Pooling and Servicing Agreement;

 

(ii)         to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the
statements made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account;
provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the
related Distribution Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder,
as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

 

(iv)        to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary
to maintain the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions
of the Code at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the
Trust, any Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an
Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary
or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of

 

    A-15-7 

     

    

 

any such tax and (b) such
action will not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement
or any other change; provided that the required action shall not adversely affect in any material respect the interests
of any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in
writing by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment
or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting to such
amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement
of Nonrecoverable Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and,
for so long as a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other
than any Excluded Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard
for such provisions has changed, in order to conform to such industry standard, (b) such modification does not adversely affect
the status of any Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of
the Code, as evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with
regard to any class of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such
action will not result in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

    A-15-8 

     

    

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended
or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary
to comply with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii)
or (iv).

 

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations
of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller
as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller or (B)
may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of Certificates of each
Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage Interests constituting
the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling
and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such Class; provided,
however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate
Companion Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate
or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of
such Class then outstanding; or

 

(iv)        change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan
Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation
from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the related
Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

 

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the
Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without
having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under
the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise
of

 

    A-15-9 

     

    

 

any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the
Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such amendment will not
result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify
as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of the Code. Furthermore,
no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically required to be included
in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s).

 

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order
of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator
and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property
acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate Companion Loan and the Trust’s
portion of each REO Property remaining in the Trust Fund, and thereby effect termination of the Trust and early retirement of the
then-outstanding Certificates, on or after the first Distribution Date on which the aggregate Stated Principal Balances of the
Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate Cut-off Date Balance of the
Mortgage Loans.

 

Following the date on
which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates
are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding
Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have the right, with the consent
of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates) for all of the Mortgage
Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling
and Servicing Agreement.

 

The obligations created
by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator
to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction
of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment resulting from
a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement. In no event,
however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the death
of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

 

Unless the certificate
of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled
to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this
Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation
or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the Mortgage Loans
or the Trust Subordinate Companion Loan.

 

THIS CERTIFICATE AND
THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-15-10 

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS F-RR CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

  

    A-15-11 

     

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-15-12 

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-15-13 

     

    

 

EXHIBIT
A-16

 

FORM
OF CLASS G-RR CERTIFICATE

 

CLASS
G-RR

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS G-RR

 

THIS
CERTIFICATE IS PART OF THE ELIGIBLE HORIZONTAL RESIDUAL INTEREST FOR THE RELATED SECURITIZATION AND IS SUBJECT TO CERTAIN RESTRICTIONS
ON TRANSFERS, HEDGING AND PLEDGING PURSUANT TO THE CREDIT RISK RETENTION RULES.

 

[THIS
CERTIFICATE IS A TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”)
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND
SERVICING AGREEMENT REFERRED TO BELOW.

 

NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR
INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO, HAS
AN INTEREST HEREIN.]2

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING

 

 

 

1
       Temporary Regulation S Book-Entry Certificate legend.

 

2
       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

 

3
       Book-Entry Certificate legend.

    A-16-1

    

    

 

CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE
REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S.
PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT (“REGULATION D”)
OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2),
(3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR
ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE
PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO
ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF
PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS
CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR
LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION
OF SIMILAR LAW.

 

THE
INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN
INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING
AGREEMENT.

 

    A-16-2

    

    

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL
COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE
BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT
CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

THIS
CERTIFICATE IS SUBORDINATED TO THE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B,
CLASS X-D, CLASS X-F, CLASS A-S, CLASS B, CLASS C, CLASS D, CLASS E AND CLASS F-RR CERTIFICATES AS AND TO THE EXTENT SET FORTH
IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    A-16-3

    

    

 

	PASS-THROUGH
        RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND SERVICING AGREEMENT

        DENOMINATION:
        $[            ]

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

        CLOSING
        DATE: NOVEMBER 21, 2019

        FIRST
        DISTRIBUTION DATE: DECEMBER 17, 2019

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS G-RR CERTIFICATES AS OF THE CLOSING DATE: $ 12,890,000
	 	MASTER
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE
        LLC

        [CUSIP
NO.: 08162YAV4

ISIN NO.: US08162YAV48]4

[CUSIP NO.: U0811BAE1

ISIN NO.: USU0811BAE12]5

[CUSIP NO.: 08162YAW2

ISIN NO.: US08162YAW21]6

        CERTIFICATE
        NO.: G-RR-[1]

 

 

 

4
For Certificate sold in reliance on Rule 144A only.

 

5
For Regulation S Global Certificate only.

 

6
For IAI Definitive Certificate only.

 

    A-16-4

    

    

 

CLASS
G-RR CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT [KKR CMBS II AGGREGATOR TYPE 1 L.P.] is the registered owner of the interest evidenced by this Certificate in the
Class G-RR Certificates issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019
(the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter
called the “Depositor”, which term includes any successor entity under the Pooling and Servicing Agreement),
the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations
Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the
extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing
Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class G-RR Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as

 

    A-16-5

    

    

 

provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin or currency of the United States of America as at the time of payment is legal tender for the payment
of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class G-RR Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-16-6

    

    

 

failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon receipt by the Certificate Administrator of (i) a certificate from the prospective
Transferee in the form set forth in the Pooling and Servicing Agreement, countersigned by the Retaining Sponsor and (ii) a certificate
from the prospective Transferor in the form set forth in the Pooling and Servicing Agreement.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class G-RR Certificates will be issued in fully registered, certificated
form in minimum denominations of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such
Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)       
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)      
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of

 

    A-16-7

    

    

 

any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)       
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)       
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)      
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)     
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)       
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

    A-16-8

    

    

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)         
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)         
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of

 

    A-16-9

    

    

 

any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate
Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-16-10

    

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS G-RR CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

    A-16-11

    

    

  

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.

 

    A-16-12

    

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-16-13

    

    

 

EXHIBIT
A-17

 

FORM
OF CLASS NR-RR CERTIFICATE

 

CLASS
NR-RR

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS NR-RR

 

THIS
CERTIFICATE IS PART OF THE ELIGIBLE HORIZONTAL RESIDUAL INTEREST FOR THE RELATED SECURITIZATION AND IS SUBJECT TO CERTAIN RESTRICTIONS
ON TRANSFERS, HEDGING AND PLEDGING PURSUANT TO THE CREDIT RISK RETENTION RULES.

 

[THIS
CERTIFICATE IS A TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”)
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND
SERVICING AGREEMENT REFERRED TO BELOW.

 

NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR
INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO, HAS
AN INTEREST HEREIN.]2

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING

 

 

 

1
       Temporary Regulation S Book-Entry Certificate legend.

 

2
       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

 

3
       Book-Entry Certificate legend.

 

    A-17-1

    

    

 

CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE
REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S.
PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT (“REGULATION D”)
OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2),
(3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR
ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE
PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO
ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF
PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS
CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR
LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION
OF SIMILAR LAW.

 

THE
INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN
INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING
AGREEMENT.

 

    A-17-2

    

    

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL
COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE
BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT
CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

THIS
CERTIFICATE IS SUBORDINATED TO THE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS
X-D, CLASS X-F, CLASS X-G, CLASS A-S, CLASS B, CLASS C, CLASS D, CLASS E, CLASS F-RR AND CLASS G-RR CERTIFICATES AS AND TO
THE EXTENT SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    A-17-3

    

    

 

	PASS-THROUGH
                                         RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND SERVICING AGREEMENT

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS NR-RR CERTIFICATES AS OF THE CLOSING DATE: $48,349,368

         
	 	MASTER
                                         SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE
        LLC

         

        [CUSIP
NO.: 08162YAX0

ISIN NO.: US08162YAX04]4

[CUSIP NO.: U0811BAF8

ISIN NO.: USU0811BAF86]5

[CUSIP NO.: 08162YAY8

ISIN NO.: US08162YAY86]6

         

        CERTIFICATE
NO.: NR-RR-[1]

 

 

 

4
For Certificate sold in reliance on Rule 144A only.

 

5
For Regulation S Global Certificate only.

 

6
For IAI Definitive Certificate only.

    A-17-4

    

    

 

CLASS
NR-RR CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT [KKR CMBS II AGGREGATOR TYPE 1 L.P.] is the registered owner of the interest evidenced by this Certificate in the
Class NR-RR Certificates issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1,
2019 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp.
(hereinafter called the “Depositor”, which term includes any successor entity under the Pooling and Servicing
Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor and the
Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set
forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto
in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class NR-RR Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as

 

    A-17-5

    

    

 

provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin or currency of the United States of America as at the time of payment is legal tender for the payment
of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class NR-RR Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-17-6

    

    

 

failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon receipt by the Certificate Administrator of (i) a certificate from the prospective
Transferee in the form set forth in the Pooling and Servicing Agreement, countersigned by the Retaining Sponsor and (ii) a certificate
from the prospective Transferor in the form set forth in the Pooling and Servicing Agreement.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class NR-RR Certificates will be issued in fully registered, certificated
form in minimum denominations of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such
Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)       
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of

 

    A-17-7

    

    

 

any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)        
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)       
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)      
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)     
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)       
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

    A-17-8

    

    

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)         
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)         
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of

 

    A-17-9

    

    

 

any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate
Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-17-10

    

    

 

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS  NR-RR CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

    A-17-11

    

    

  

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-17-12

    

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-17-13

    

    

 

 

EXHIBIT
A-18

 

FORM
OF CLASS R CERTIFICATE

 

CLASS
R

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS R

 

THIS
CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), ANY
STATE SECURITIES LAWS OR THE LAWS OF ANY OTHER JURISDICTION. NEITHER THIS CERTIFICATE NOR ANY INTEREST OR PARTICIPATION HEREIN
MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION
OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION UNDER THE SECURITIES ACT.

 

THE
HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE HEREOF AGREES NOT TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE EXCEPT IN
ACCORDANCE WITH ALL APPLICABLE STATE SECURITIES LAWS AND (A) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED
EFFECTIVE UNDER THE SECURITIES ACT OR (B) FOR SO LONG AS THIS CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER
THE SECURITIES ACT, TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED
IN RULE 144A IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A.

 

THE
INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN
INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING
AGREEMENT. A TRANSFEREE IS ALSO REQUIRED TO DELIVER AN INVESTMENT REPRESENTATION LETTER SUBSTANTIALLY IN THE FORM OF EXHIBIT C
TO THE POOLING AND SERVICING AGREEMENT.

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE
REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, AND (B)

 

    A-18-1

    

    

 

IN EACH CASE IN ACCORDANCE WITH ANY
APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE, OR ANY PERSON ACTING ON BEHALF OF ANY
SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING
OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO ACQUIRE THIS CERTIFICATE.

 

THIS
CERTIFICATE REPRESENTS A “RESIDUAL INTEREST” IN TWO “REAL ESTATE MORTGAGE INVESTMENT CONDUITS” AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(2) AND 860D OF THE CODE. EACH TRANSFEREE OF THIS CERTIFICATE, BY ACCEPTANCE
HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY TO DISQUALIFIED ORGANIZATIONS,
DISQUALIFIED NON-U.S. TAX PERSONS OR AGENTS OF EITHER, AS SET FORTH IN SECTION 5.03 OF THE POOLING AND SERVICING AGREEMENT,
AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT TO THE TRANSFEROR, THE CERTIFICATE ADMINISTRATOR AND THE TRUSTEE TO THE EFFECT THAT,
AMONG OTHER THINGS, (A) IT IS NOT A DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN SECTION 860E(e)(5) OF THE CODE, OR AN
AGENT (INCLUDING A BROKER, NOMINEE OR OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION AND IS OTHERWISE A PERMITTED TRANSFEREE,
(B) IT HAS HISTORICALLY PAID ITS DEBTS AS THEY HAVE COME DUE AND INTENDS TO PAY ITS DEBTS AS THEY COME DUE IN THE FUTURE, (C)
IT UNDERSTANDS THAT IT MAY INCUR TAX LIABILITIES WITH RESPECT TO THIS CERTIFICATE IN EXCESS OF CASH FLOWS GENERATED HEREBY, (D)
IT INTENDS TO PAY ANY TAXES ASSOCIATED WITH HOLDING THIS CERTIFICATE AS THEY BECOME DUE, (E) IT WILL NOT CAUSE INCOME WITH RESPECT
TO THIS CERTIFICATE TO BE ATTRIBUTABLE TO A FOREIGN PERMANENT ESTABLISHMENT OR FIXED BASE, WITHIN THE MEANING OF AN APPLICABLE
INCOME TAX TREATY, OF SUCH PERSON OR ANY OTHER U.S. PERSON AND (F) IT WILL NOT TRANSFER THIS CERTIFICATE TO ANY PERSON OR
ENTITY THAT DOES NOT PROVIDE A SIMILAR AFFIDAVIT. ANY PURPORTED TRANSFER TO A DISQUALIFIED ORGANIZATION OR OTHER PERSON THAT IS
NOT A PERMITTED TRANSFEREE OR OTHERWISE IN VIOLATION OF THESE RESTRICTIONS SHALL BE ABSOLUTELY NULL AND VOID AND SHALL VEST NO
RIGHTS IN ANY PURPORTED TRANSFEREE. THIS CERTIFICATE REPRESENTS ONE OR MORE “NON-ECONOMIC RESIDUAL INTERESTS”, AS
DEFINED IN TREASURY REGULATIONS SECTION 1.860E-1(c), AND THEREFORE, TRANSFERS OF THIS CERTIFICATE MAY BE DISREGARDED FOR FEDERAL
INCOME TAX PURPOSES. IN ORDER TO SATISFY A REGULATORY SAFE HARBOR UNDER WHICH SUCH TRANSFERS WILL NOT BE DISREGARDED, THE TRANSFEROR
MAY BE REQUIRED, AMONG OTHER THINGS, TO SATISFY ITSELF AS TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND EITHER TO
TRANSFER AT A MINIMUM PRICE OR TO AN ELIGIBLE TRANSFEREE AS SPECIFIED IN TREASURY REGULATIONS.

 

    A-18-2

    

    

 

	PERCENTAGE
                                         INTEREST EVIDENCED BY THIS CERTIFICATE: [100%]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
        DISTRIBUTION DATE:

        DECEMBER 17, 2019

         

        CLASS
        R PERCENTAGE INTEREST: 100%

         
	 	MASTER
                                         SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE
        LLC

         

        [CUSIP
        NO.: 08162YBB7

        ISIN NO.: US08162YBB74]1

        

        [CUSIP NO.: U0811BAH4

        ISIN NO.: USU0811BAH43]2

        

        [CUSIP NO.: 08162YBC5

        ISIN NO.: US08162YBC57]3

         

        CERTIFICATE
NO.: R-[1]

 

 

 

1
For Certificate sold in reliance on Rule 144A only.

 

2
For Regulation S Global Certificate only.

 

3
For IAI Definitive Certificate only.

 

    A-18-3

    

    

 

CLASS
R CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT [CITIBANK, N.A.] is the registered owner of the interest evidenced by this Certificate in the Class R Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class R Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Class R Certificate represents a “residual interest” in two “real estate mortgage investment conduits”,
as those terms are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance
hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding
sentence for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured
by income. The Certificate Administrator will be designated as the “partnership representative” of each Trust REMIC
(within the meaning of Section 6223 of the Internal Revenue Code).

 

Pursuant
to the terms of the Pooling and Servicing Agreement, distributions, if any, on this Certificate shall be made by the Certificate
Administrator in an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by
this Certificate) and to the extent and subject to the limitations set forth in the Pooling and Servicing Agreement, on the Distribution
Date to the Person in whose name this Certificate is registered as of the related Record Date. All sums distributable on this
Certificate are payable in the coin or

 

    A-18-4

    

    

 

currency of the United States of America as at the time of payment is legal tender for
the payment of public and private debts.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s
failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Each
Person who has or acquires any Ownership Interest in a Class R Certificate shall be deemed by the acceptance or acquisition of
such Ownership Interest in a Class R Certificate to have agreed to be bound by the following provisions and the rights of each
Person acquiring any Ownership Interest in a Class R Certificate are expressly subject to the following provisions: (A) no Person
holding or acquiring any Ownership Interest in a Class

 

    A-18-5

    

    

 

R Certificate shall be a Disqualified Organization, a Disqualified Non-U.S.
Tax Person or any agent of either (including a broker, nominee or other middleman) (an “Agent”), or a Plan
or a Person acting on behalf of or using the assets of a Plan (such Plan or Person, an “ERISA Prohibited Holder”)
and shall promptly notify the Certificate Registrar of any change or impending change to such status; (B) in connection with
any proposed Transfer of any Ownership Interest in a Class R Certificate, the Certificate Registrar shall require delivery to
it, and no Transfer of any Class R Certificate shall be registered until the Certificate Registrar receives, an affidavit substantially
in the form attached to the Pooling and Servicing Agreement as Exhibit D-1 (a “Transferee Affidavit”) from
the proposed Transferee, in form and substance satisfactory to the Certificate Registrar, representing and warranting, among other
things, that such Transferee is not a Disqualified Organization, a Disqualified Non-U.S. Tax Person or any Agent of either, or
an ERISA Prohibited Holder and that it agrees to be bound by and to abide by the provisions of Section 5.03(o) of the Pooling
and Servicing Agreement; (C) notwithstanding the delivery of a Transferee Affidavit by a proposed Transferee under clause (B)
above, if the Certificate Registrar has actual knowledge or reason to believe that the proposed Transferee is a Disqualified Organization,
a Disqualified Non-U.S. Tax Person or any Agent of either, or an ERISA Prohibited Holder, no Transfer of an Ownership Interest
in a Class R Certificate to such proposed Transferee shall be effected; and (D) each Person holding or acquiring any Ownership
Interest in a Class R Certificate shall agree (1) not to transfer its Ownership Interest in such Class R Certificate to any Person
that does not provide a Transferee Affidavit and (2) not to transfer its Ownership Interest in such Class R Certificate unless
it provides to the Certificate Registrar a letter substantially in the form attached to the Pooling and Servicing Agreement as
Exhibit D-2 (a “Transferor Letter”) certifying that, among other things, it has no actual knowledge or reason
to know that the proposed Transferee’s statements in such Transferee Affidavit are false.

 

The
Class R Certificates will be issued in fully registered, certificated form, in minimum percentage interests of 10% and integral
multiples of 1% in excess thereof.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion

 

    A-18-6

    

    

 

of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)       
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)        
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)      
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)     
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of
any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced by
an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of Serviced
Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result in the
downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency

    A-18-7

    

    

 

Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)        
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)        
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation
from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade,
withdrawal or qualification of its then-current

 

    A-18-8

    

    

 

ratings of any securities related to a Companion Loan, if any
(provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation
may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement)
and, if required under the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan
for each Serviced AB Whole Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate
Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor under the relevant provisions of the
Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically required
to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of the related
Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

    A-18-9

    

    

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-18-10

    

    

 

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS  R CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

    A-18-11

    

    

  

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

    A-18-12

    

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-18-13

    

    

 

EXHIBIT
A-19

 

FORM
OF CLASS S CERTIFICATE

 

CLASS
S

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS S

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE
REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, AND (B) IN EACH CASE IN ACCORDANCE WITH
ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE, OR ANY PERSON ACTING ON BEHALF OF ANY
SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING
OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO ACQUIRE THIS CERTIFICATE.

 

THIS
CERTIFICATE REPRESENTS AN UNDIVIDED beneficial INTEREST IN A PORTION OF A GRANTOR TRUST
THAT HOLDS THE excess interest and RELATED AMOUNTS IN THE excess interest distribution account.

 

    A-19-1

    

    

 

	PERCENTAGE
                                         INTEREST EVIDENCED BY THIS CERTIFICATE: [100%]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
        DISTRIBUTION DATE:

        DECEMBER 17, 2019

         

        CLASS
        S PERCENTAGE INTEREST: 100%

         
	MASTER
                                         SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        ADVISOR: PENTALPHA SURVEILLANCE LLC

         

        ASSET
        REPRESENTATIONS REVIEWER: PENTALPHA SURVEILLANCE LLC

         

        [CUSIP
        NO.: 08162YAZ5

        ISIN NO.: US08162YAZ51]1

        

        [CUSIP NO.: U0811BAG6

        ISIN NO.: USU0811BAG69]2

        

        [CUSIP NO.: 08162YBA9

        ISIN NO.: US08162YBA91]3

         

        CERTIFICATE
        NO.: S-[1]

         

        

 

 

 

1
For Certificate sold in reliance on Rule 144A only.

 

2
For Regulation S Global Certificate only.

 

3
For IAI Definitive Certificate only.

 

    A-19-2

    

    

 

CLASS
S CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT [KKR CMBS II AGGREGATOR TYPE 1 L.P.] is the registered owner of the interest evidenced by this Certificate in the
Class S Certificates issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019
(the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter
called the “Depositor”, which term includes any successor entity under the Pooling and Servicing Agreement),
the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations
Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the
extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing
Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class S Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in
the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate
100% of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents an undivided beneficial interest in a portion of a grantor trust that holds the Excess Interest and related
amounts in the Excess Interest Distribution Account. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and
take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of
federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, distributions, if any, on this Certificate shall be made by the Certificate
Administrator in an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by
this Certificate) of the Excess Interest then distributable, if any, and to the extent and subject to the limitations set forth
in the Pooling and Servicing Agreement, on the Distribution Date to the Person in whose name this Certificate is registered as
of the related Record Date. All sums distributable on this

 

    A-19-3

    

    

 

Certificate are payable in the coin or currency of the United States
of America as at the time of payment is legal tender for the payment of public and private debts.

 

This
Certificate is limited in right of payment to, among other things, Excess Interest actually collected on the Mortgage Loans, all
as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the
Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation within
six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s
failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

The
Class S Certificates will be issued in fully registered, certificated form, in minimum percentage interests of 10% and integral
multiples of 1% in excess thereof.

 

    A-19-4

    

    

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)        
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the

 

    A-19-5

    

    

 

expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)      
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)     
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as the grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then-current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)        
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any

 

    A-19-6

    

    

 

Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)         
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)         
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate
Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of

 

    A-19-7

    

    

 

remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-19-8

    

    

 

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS  S CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

    A-19-9

    

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

    A-19-10

    

    

 

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-19-11

    

    

 

EXHIBIT
A-20

 

FORM
OF CLASS VRR CERTIFICATE

 

CLASS
VRR

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, VRR INTEREST

 

THIS
CERTIFICATE IS INTENDED TO CONSTITUTE PART OF AN “ELIGIBLE VERTICAL INTEREST” (AS DEFINED IN REGULATION RR PROMULGATED
UNDER SECTION 15G OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED), AND AS SUCH IS SUBJECT TO VARIOUS PROHIBITIONS ON HEDGING,
TRANSFER AND FINANCING SET FORTH IN REGULATION RR PROMULGATED UNDER SECTION 15G OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
THE INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR
AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING
AGREEMENT.  

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS NOR THE TRUST SUBORDINATE COMPANION LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE
REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S.
PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT (“REGULATION D”)
OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2),
(3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH

 

    A-20-1

     

    

 

ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR
ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE
PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO
ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF
PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS
CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR
LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION
OF SIMILAR LAW.

 

THIS
CERTIFICATE REPRESENTS (I) A BENEFICIAL INTEREST IN MULTIPLE “REGULAR INTERESTS” IN A “REAL ESTATE MORTGAGE
INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE
OF 1986, AS AMENDED, AND (II) A BENEFICIAL INTEREST IN THE EXCESS INTEREST AND PROCEEDS THEREOF IN THE EXCESS INTEREST DISTRIBUTION
ACCOUNT.

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL
COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE
BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT
CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

    A-20-2

     

    

 

	PASS-THROUGH
                                         RATE: N/A

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS VRR INTEREST CERTIFICATES AS OF THE CLOSING DATE: $33,000,000

         
	 	MASTER
                                         SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE
        LLC

         

        [CUSIP
        NO.: 08162YBD3

        ISIN NO.: US08162YBD31]1

        

        [CUSIP NO.: U0811BAJ0

        ISIN NO.: USU0811BAJ09]2

         

        [CUSIP
        NO.: 08162YBE1

        ISIN NO.: US08162YBE14]3

         

        CERTIFICATE
NO.: VRR-[1]

 

 

 

1
For Certificate sold in reliance on Rule 144A only.

 

2
For Regulation S Global Certificate only.

 

3
For IAI Definitive Certificate only.

 

    A-20-3

     

    

 

CLASS
VRR INTEREST CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT [___________________]  is the registered owner of the interest evidenced by this Certificate in the
VRR Interest issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class VRR Interest Certificates. The Certificates are
designated as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued
in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate
100% of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents (i) a beneficial interest in multiple “regular interests” in a “real estate mortgage
investment conduit”, as those terms are defined, respectively, in Sections 860G(a)(1) and 860D of the Code; and (ii) a beneficial
interest in the Excess Interest and proceeds thereof in the Excess Interest Distribution Account. Each Holder of this Certificate,
by acceptance hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with
the preceding sentence for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed
on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as

 

    A-20-4

     

    

 

provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin or currency of the United States of America as at the time of payment is legal tender for the payment
of public and private debts. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges
as provided in the Pooling and Servicing Agreement.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date as specified in the Pooling and Servicing Agreement on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Pooled
Certificate Realized Losses and certain other amounts on the Mortgage Loans shall be allocated on the applicable Distribution
Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Pooled Certificate Realized Losses
on the Mortgage Loans allocated to any Class of Certificates will be allocated pro rata among the outstanding Certificates
of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Mortgage
Loans, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate
Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit
in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection
Account shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement
of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate Companion Loan and administration
of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-20-5

     

    

 

failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon receipt by the Certificate Administrator of (i) a certificate from the prospective
Transferee in the form set forth in the Pooling and Servicing Agreement, countersigned by the Retaining Sponsor and (ii) a certificate
from the prospective Transferor in the form set forth in the Pooling and Servicing Agreement.

 

Subject
to the terms of the Pooling and Servicing Agreement, the VRR Interest Certificates will be issued in fully registered, certificated
form in minimum denominations of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such
Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of

 

    A-20-6

     

    

 

any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)        
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)      
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

    A-20-7

     

    

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)        
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)        
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of

 

    A-20-8

     

    

 

any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate
Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-20-9

     

    

 

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity
    but solely as Certificate Registrar under the Pooling and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

		Dated:	November 21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS  VRR  INTEREST CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING
AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

    A-20-10

     

    

  

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-20-11

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________.
Statements should be mailed to _________________________. This information is provided by
assignee named above, or ______________________________, as its agent.

 

    A-20-12

     

    

 

EXHIBIT
A-21

 

FORM
OF CLASS 225B-A CERTIFICATE

 

CLASS
225B-A

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS 225B-A

 

[THIS
CERTIFICATE IS A TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”)
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND
SERVICING AGREEMENT REFERRED TO BELOW.

 

NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR
INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTY, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST SUBORDINATE COMPANION LOAN NOR THE MORTGAGE LOANS ARE

 

 

 

1
                                                Temporary Regulation S Book-Entry Certificate
                                         legend.

 

2
       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

 

3
       Book-Entry Certificate legend.

 

    A-21-1

     

    

 

INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE
REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S.
PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT (“REGULATION D”)
OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2),
(3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE TRUST SUBORDINATE COMPANION LOAN FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM
PRINCIPAL COLLECTIONS ON THE TRUST SUBORDINATE COMPANION LOAN THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION AMOUNT.
ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE
MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

    A-21-2

     

    

 

	PASS-THROUGH
                                         RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND SERVICING AGREEMENT

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS 225B-A CERTIFICATES AS OF THE CLOSING DATE: $11,595,000

         
	 	MASTER
                                         SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE
        LLC

         

        [CUSIP
        NO.: 08162YBF8

        ISIN NO.: US08162YBF88

COMMON
        CODE NO.: 208554182]4

        

        [CUSIP NO.: U0811BAK7

        ISIN NO.: USU0811BAK71

COMMON
        CODE NO.: 208554239]5

         

        [CUSIP
NO.: 08162YBG6

ISIN NO.: US08162YBG61]6

         

        CERTIFICATE
NO.: 225B-A-[1] 

 

 

 

4
For Certificate sold in reliance on Rule 144A only.

 

5
For Regulation S Global Certificate only.

 

6
For IAI Definitive Certificate only.

 

    A-21-3

     

    

 

CLASS
225B-A CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class 225B-A Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class 225B-A Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin

 

    A-21-4

     

    

 

or currency of the United States of America as at the time of payment is legal tender for the payment
of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class 225B-A Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Trust Subordinate
Companion Loan, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing
Agreement, the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders
of Certificates specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account)
or the Certificate Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom.
Amounts on deposit in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling
and Servicing Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master
Servicer as set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals
from the Collection Account shall be made from time to time for purposes other than distributions to Certificateholders, such
purposes including reimbursement of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate
Companion Loan and administration of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-21-5

     

    

 

 

failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class 225B-A Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate
of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)       
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)       
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is

 

    A-21-6

     

    

 

necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)         
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)         
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

    A-21-7

     

    

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)         
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)         
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate

 

    A-21-8

     

    

 

Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-21-9

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

 

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Certificate Registrar under the Pooling and
Servicing Agreement
	 	 	 
	 	By: 	 
		 	Name: 

Title:

 

		Dated:	November
                                         21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS 225B-A CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

 

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name: 

Title:

 

    A-21-10

     

    

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:

 

	 	 	 	 
	TEN COM   	-   	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

 

Additional
abbreviations may also be used though not in the above list.

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-21-11

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________. Statements
should be mailed to _________________________. This information is provided by assignee named above, or ______________________________,
as its agent.

 

    A-21-12

     

    

 

EXHIBIT
A-22

 

FORM
OF CLASS 225B-B CERTIFICATE

 

CLASS
225B-B

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS 225B-B

 

[THIS
CERTIFICATE IS A TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”)
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND
SERVICING AGREEMENT REFERRED TO BELOW.

 

NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR
INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTY, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST SUBORDINATE COMPANION LOAN NOR THE MORTGAGE LOANS ARE

 

 

 

1
       Temporary Regulation S Book-Entry Certificate legend.

 

2
       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

 

3
       Book-Entry Certificate legend.

 

    A-22-1

     

    

 

 

INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE
REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S.
PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT (“REGULATION D”)
OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2),
(3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED TRUST SUBORDINATE COMPANION LOAN FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED
FROM PRINCIPAL COLLECTIONS ON THE TRUST SUBORDINATE COMPANION LOAN THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION
AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS
CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

    A-22-2

     

    

 

	PASS-THROUGH
                                         RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND SERVICING AGREEMENT

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS 225B-B CERTIFICATES AS OF THE CLOSING DATE: $33,958,000

         
	 	MASTER
                                         SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE
        LLC

         

        [CUSIP
        NO.: 08162YBH4

        ISIN NO.: US08162YBH45

COMMON
        CODE NO.: 208554212]4

        

        [CUSIP NO.: U0811BAL5

        ISIN NO.: USU0811BAL54

COMMON
        CODE NO.: 208554271]5

         

        [CUSIP
        NO.: 08162YBJ0

        ISIN NO.: US08162YBJ01]6

         

        CERTIFICATE
NO.: 225B-B-[1] 

 

 

 

4
For Certificate sold in reliance on Rule 144A only.

 

5
For Regulation S Global Certificate only.

 

6
For IAI Definitive Certificate only.

 

    A-22-3

     

    

 

CLASS
225B-B CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class 225B-B Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class 225B-B Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin

 

    A-22-4

     

    

 

or currency of the United States of America as at the time of payment is legal tender for the payment
of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class 225B-B Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Trust Subordinate
Companion Loan, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing
Agreement, the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders
of Certificates specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account)
or the Certificate Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom.
Amounts on deposit in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling
and Servicing Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master
Servicer as set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals
from the Collection Account shall be made from time to time for purposes other than distributions to Certificateholders, such
purposes including reimbursement of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate
Companion Loan and administration of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-22-5

     

    

 

failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class 225B-B Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate
of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)         
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is

 

    A-22-6

     

    

 

necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)         
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)         
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)         
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

    A-22-7

     

    

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)         
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)         
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate

 

    A-22-8

     

    

 

Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-22-9

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION,  not in its individual capacity but solely as Certificate Registrar under the Pooling
    and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

 

		Dated:	November
                                         21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS 225B-B CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

  

    A-22-10

     

    

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN
    COM   	-   	as
    tenant in common	UNIF
    GIFT MIN ACT __________ Custodian
	TEN
    ENT	-	as
    tenants by the entireties	     (Cust)
	JT
    TEN	-	as
    joint tenants with rights of	Under
    Uniform Gifts to Minors
	 	 	survivorship
    and not as tenants in	 
	 	 	common	Act
    __________________________
	 	 		(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE
    GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-22-11

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________. Statements
should be mailed to _________________________. This information is provided by assignee named above, or ______________________________,
as its agent.

 

    A-22-12

     

    

 

EXHIBIT
A-23

 

FORM
OF CLASS 225B-C CERTIFICATE

 

CLASS
225B-C

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS 225B-C

 

[THIS
CERTIFICATE IS A TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”)
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND
SERVICING AGREEMENT REFERRED TO BELOW.

 

NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR
INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTY, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST SUBORDINATE COMPANION LOAN NOR THE MORTGAGE LOANS ARE

 

 

 

1
       Temporary Regulation S Book-Entry Certificate legend.

 

2
       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

 

3
       Book-Entry Certificate legend.

 

    A-23-1

     

    

 

INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE
REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S.
PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT (“REGULATION D”)
OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2),
(3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR
ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE
PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO
ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF
PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS
CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR
LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION
OF SIMILAR LAW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED TRUST SUBORDINATE

 

    A-23-2

     

    

 

COMPANION LOAN FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED
FROM PRINCIPAL COLLECTIONS ON THE TRUST SUBORDINATE COMPANION LOAN THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION
AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS
CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

    A-23-3

     

    

 

	PASS-THROUGH
                                         RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND SERVICING AGREEMENT

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS 225B-C CERTIFICATES AS OF THE CLOSING DATE: $35,434,000

         
	 	MASTER
                                         SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE
        LLC

         

        [CUSIP
        NO.: 08162YBK7

        ISIN NO.: US08162YBK73

COMMON
        CODE NO.: 208554204]4

        

        [CUSIP NO.: U0811BAM3

        ISIN NO.: USU0811BAM38

COMMON
        CODE NO.: 208554280]5

         

        [CUSIP
        NO.: 08162YBL5

        ISIN NO.: US08162YBL56]6

         

        CERTIFICATE
NO.: 225B-C-[1] 

 

 

 

4
For Certificate sold in reliance on Rule 144A only.

 

5
For Regulation S Global Certificate only.

 

6
For IAI Definitive Certificate only.

 

    A-23-4

     

    

 

CLASS
225B-C CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class 225B-C Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class 225B-C Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin

 

    A-23-5

     

    

 

or currency of the United States of America as at the time of payment is legal tender for the payment
of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class 225B-C Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Trust Subordinate
Companion Loan, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing
Agreement, the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders
of Certificates specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account)
or the Certificate Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom.
Amounts on deposit in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling
and Servicing Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master
Servicer as set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals
from the Collection Account shall be made from time to time for purposes other than distributions to Certificateholders, such
purposes including reimbursement of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate
Companion Loan and administration of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-23-6

     

    

 

failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class 225B-C Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate
of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is

 

    A-23-7

     

    

 

necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)       
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)     
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)       
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

    A-23-8

     

    

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)         
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)         
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate

 

    A-23-9

     

    

 

Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-23-10

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION,  not in its individual capacity but solely as Certificate Registrar under the Pooling
    and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

 

		Dated:	November
                                         21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS IS ONE OF THE CLASS 225B-C CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

  

    A-23-11

     

    

 

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN
    COM   	-   	as
    tenant in common	UNIF
    GIFT MIN ACT __________ Custodian
	TEN
    ENT	-	as
    tenants by the entireties	     (Cust)
	JT
    TEN	-	as
    joint tenants with rights of	Under
    Uniform Gifts to Minors
	 	 	survivorship
    and not as tenants in	 
	 	 	common	Act
    __________________________
	 	 		(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE
    GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-23-12

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________. Statements
should be mailed to _________________________. This information is provided by assignee named above, or ______________________________,
as its agent.

 

    A-23-13

     

    

 

EXHIBIT
A-24

 

FORM
OF CLASS 225B-D CERTIFICATE

 

CLASS
225B-D

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS 225B-D

 

[THIS
CERTIFICATE IS A TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”)
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND
SERVICING AGREEMENT REFERRED TO BELOW.

 

NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR
INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTY, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST SUBORDINATE COMPANION LOAN NOR THE MORTGAGE LOANS ARE

 

 

 

1
       Temporary Regulation S Book-Entry Certificate legend.

 

2
       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

 

3
       Book-Entry Certificate legend.

 

    A-24-1

     

    

 

 

INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE
REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S.
PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT (“REGULATION D”)
OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2),
(3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR
ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE
PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO
ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF
PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS
CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR
LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION
OF SIMILAR LAW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED TRUST SUBORDINATE

 

    A-24-2

     

    

 

COMPANION LOAN FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED
FROM PRINCIPAL COLLECTIONS ON THE TRUST SUBORDINATE COMPANION LOAN THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION
AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS
CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

    A-24-3

     

    

 

	PASS-THROUGH
                                         RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND SERVICING AGREEMENT

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS 225B-D CERTIFICATES AS OF THE CLOSING DATE: $48,723,000

         
	 	MASTER
                                         SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE
        LLC

         

        [CUSIP
        NO.: 08162YBM3

        ISIN NO.: US08162YBM30

COMMON
        CODE NO.: 208554247]4

        

        [CUSIP NO.: U0811BAN1

        ISIN NO.: USU0811BAN11

COMMON
        CODE NO.: 208554263]5

         

        [CUSIP
        NO.: 08162YBN1

        ISIN NO.: US08162YBN13]6

         

        CERTIFICATE
NO.: 225B-D-[1] 

 

 

 

4
For Certificate sold in reliance on Rule 144A only.

 

5
For Regulation S Global Certificate only.

 

6
For IAI Definitive Certificate only.

 

    A-24-4

     

    

 

CLASS
225B-D CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class 225B-D Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class 225B-D Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin

 

    A-24-5

     

    

 

or currency of the United States of America as at the time of payment is legal tender for the payment
of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class 225B-D Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Trust Subordinate
Companion Loan, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing
Agreement, the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders
of Certificates specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account)
or the Certificate Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom.
Amounts on deposit in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling
and Servicing Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master
Servicer as set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals
from the Collection Account shall be made from time to time for purposes other than distributions to Certificateholders, such
purposes including reimbursement of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate
Companion Loan and administration of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-24-6

     

    

 

failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class 225B-D Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate
of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is

 

    A-24-7

     

    

 

necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)      
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)     
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)       
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

    A-24-8

     

    

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)       
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate 

 

    A-24-9

     

    

 

Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-24-10

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION,  not in its individual capacity but solely as Certificate Registrar under the Pooling
    and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

 

		Dated:	November
                                         21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS 225B-D CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

  

 

    A-24-11

     

    

 

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN
    COM   	-   	as
    tenant in common	UNIF
    GIFT MIN ACT __________ Custodian
	TEN
    ENT	-	as
    tenants by the entireties	     (Cust)
	JT
    TEN	-	as
    joint tenants with rights of	Under
    Uniform Gifts to Minors
	 	 	survivorship
    and not as tenants in	 
	 	 	common	Act
    __________________________
	 	 		(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE
    GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-24-12

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________. Statements
should be mailed to _________________________. This information is provided by assignee named above, or ______________________________,
as its agent.

 

    A-24-13

     

    

 

EXHIBIT
A-25

 

FORM
OF CLASS 225B-E CERTIFICATE

 

CLASS
225B-E

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, CLASS 225B-E

 

[THIS
CERTIFICATE IS A TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”)
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND
SERVICING AGREEMENT REFERRED TO BELOW.

 

NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR
INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

 

[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2

 

[TRANSFERS
OF THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTY, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST SUBORDINATE COMPANION LOAN NOR THE MORTGAGE LOANS ARE

 

 

 

1
       Temporary Regulation S Book-Entry Certificate legend.

 

2
       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

 

3
       Book-Entry Certificate legend.

 

 

    A-25-1

     

    

 

 

INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE
REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S.
PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT (“REGULATION D”)
OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2),
(3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR
ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE
PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO
ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF
PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS
CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR
LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION
OF SIMILAR LAW.

 

THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED TRUST SUBORDINATE

 

    A-25-2

     

    

 

COMPANION LOAN FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED
FROM PRINCIPAL COLLECTIONS ON THE TRUST SUBORDINATE COMPANION LOAN THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION
AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS
CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

    A-25-3

     

    

 

	PASS-THROUGH
                                         RATE: VARIABLE IN ACCORDANCE WITH THE POOLING AND SERVICING AGREEMENT

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS 225B-E CERTIFICATES AS OF THE CLOSING DATE: $9,370,000

         
	 	MASTER
                                         SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE
        LLC

         

        [CUSIP
        NO.: 08162YBP6

        ISIN NO.: US08162YBP60

COMMON
        CODE NO.: 208554255]4

        

        [CUSIP NO.: U0811BAP6

        ISIN NO.: USU0811BAP68

COMMON
        CODE NO.: 208554298]5

         

        [CUSIP
        NO.: 08162YBQ4

        ISIN NO.: US08162YBQ44]6

         

        CERTIFICATE
NO.: 225B-E-[1]

 

 

 

4
For Certificate sold in reliance on Rule 144A only.

 

5
For Regulation S Global Certificate only.

 

6
For IAI Definitive Certificate only.

 

    A-25-4

     

    

 

CLASS
225B-E CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class 225B-E Certificates
issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”,
which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations Reviewer. A summary of certain of
the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the
capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class 225B-E Certificates. The Certificates are designated
as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are issued in the
classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100%
of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents a “regular interest” in a “real estate mortgage investment conduit”, as those terms
are defined, respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof,
agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin

 

    A-25-5

     

    

 

or currency of the United States of America as at the time of payment is legal tender for the payment
of public and private debts.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date at the Class 225B-E Pass-Through Rate specified above on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Trust Subordinate
Companion Loan, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing
Agreement, the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders
of Certificates specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account)
or the Certificate Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom.
Amounts on deposit in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling
and Servicing Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master
Servicer as set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals
from the Collection Account shall be made from time to time for purposes other than distributions to Certificateholders, such
purposes including reimbursement of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate
Companion Loan and administration of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s

 

    A-25-6

     

    

 

failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon surrender of this Certificate for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the
form below or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder
hereof or such Holder’s attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same
Class in authorized Denominations will be issued to the designated transferee or transferees.

 

Subject
to the terms of the Pooling and Servicing Agreement, the Class 225B-E Certificates will be issued in book-entry form through the
facilities of DTC in minimum denominations of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate
of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)        
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)       
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is

 

    A-25-7

     

    

 

necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)        
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)      
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)     
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)       
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

    A-25-8

     

    

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)       
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)       
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)         
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate

 

    A-25-9

     

    

 

Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-25-10

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION,  not in its individual capacity but solely as Certificate Registrar under the Pooling
    and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

 

		Dated:	November
                                         21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS
IS ONE OF THE CLASS 225B-E CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

 

    A-25-11

     

    

 

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN
    COM   	-   	as
    tenant in common	UNIF
    GIFT MIN ACT __________ Custodian
	TEN
    ENT	-	as
    tenants by the entireties	     (Cust)
	JT
    TEN	-	as
    joint tenants with rights of	Under
    Uniform Gifts to Minors
	 	 	survivorship
    and not as tenants in	 
	 	 	common	Act
    __________________________
	 	 		(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE
    GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

 

    A-25-12

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________. Statements
should be mailed to _________________________. This information is provided by assignee named above, or ______________________________,
as its agent.

  

    A-25-13

     

    

 

EXHIBIT
A-26

 

FORM
OF CLASS VRR CERTIFICATE

 

CLASS
225B-VRR

 

BENCHMARK
2019-B14 MORTGAGE TRUST

 

COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES

 

SERIES
2019-B14, 225B-VRR INTEREST

 

THIS
CERTIFICATE IS INTENDED TO CONSTITUTE PART OF AN “ELIGIBLE VERTICAL INTEREST” (AS DEFINED IN REGULATION RR PROMULGATED
UNDER SECTION 15G OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED), AND AS SUCH IS SUBJECT TO VARIOUS PROHIBITIONS ON HEDGING,
TRANSFER AND FINANCING SET FORTH IN REGULATION RR PROMULGATED UNDER SECTION 15G OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
THE INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR
AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING
AGREEMENT.  

 

THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER
SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR,
THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION CONSULTATION PARTY, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST SUBORDINATE COMPANION LOAN NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

 

THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE
REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S.
PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION
S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR”
WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT (“REGULATION D”)
OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2),
(3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

    A-26-1

     

    

 

THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR
ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE
PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO
ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF
PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS
CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR
LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION
OF SIMILAR LAW.

 

THIS
CERTIFICATE REPRESENTS (I) A BENEFICIAL INTEREST IN MULTIPLE “REGULAR INTERESTS” IN A “REAL ESTATE MORTGAGE
INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE
OF 1986, AS AMENDED, AND (II) A BENEFICIAL INTEREST IN THE EXCESS INTEREST AND PROCEEDS THEREOF IN THE EXCESS INTEREST DISTRIBUTION
ACCOUNT.

 

THE
PORTION OF THE CERTIFICATE BALANCE OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL
DISTRIBUTIONS ON THE CERTIFICATES AND THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES
ON THE RELATED TRUST SUBORDINATE COMPANION LOAN FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED
FROM PRINCIPAL COLLECTIONS ON THE TRUST SUBORDINATE COMPANION LOAN THAT RESULTED IN A REDUCTION OF THE PRINCIPAL DISTRIBUTION
AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS
CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

    A-26-2

     

    

 

	PASS-THROUGH
                                         RATE: N/A

         

        DENOMINATION:
        $[            ]

         

        DATE
        OF POOLING AND SERVICING AGREEMENT: AS OF NOVEMBER 1, 2019

         

        CUT-OFF
        DATE: AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT (AS DEFINED HEREIN)

         

        CLOSING
        DATE: NOVEMBER 21, 2019

         

        FIRST
DISTRIBUTION DATE: DECEMBER 17, 2019

         

        APPROXIMATE
        AGGREGATE CERTIFICATE BALANCE OF THE CLASS 22B-VRR INTEREST CERTIFICATES AS OF THE CLOSING DATE: $7,320,000

         
	 	MASTER
                                         SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        SPECIAL
        SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION

         

        TRUSTEE:
        WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        CERTIFICATE
        ADMINISTRATOR: WELLS FARGO BANK, NATIONAL ASSOCIATION

         

        OPERATING
        Advisor:  PENTALPHA SURVEILLANCE LLC

         

        aSSET
        REPRESENTATIONS REVIEWER:  PENTALPHA SURVEILLANCE
        LLC

         

        [CUSIP
        NO.: 08162YBR2

        ISIN NO.: US08162YBR27]1

        

        [CUSIP NO.: U0811BAQ4

        ISIN NO.: USU0811BAQ42]2

         

        [CUSIP
        NO.: 08162YBS0

        ISIN NO.: US08162YBS00]3

         

        CERTIFICATE
        NO.: 225B-VRR-[1]

         

 

 

 

1
For Certificate sold in reliance on Rule 144A only.

 

2
For Regulation S Global Certificate only.

 

3
For IAI Definitive Certificate only.

 

    A-26-3

     

    

 

CLASS
225B-VRR INTEREST CERTIFICATE

 

evidencing
a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage
Loans”) and a separate subordinate interest in one commercial mortgage loan (the “Trust Subordinate Companion
Loan”), all payments on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due
after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee’s rights under the insurance
policies, any Assignment of Leases, and any guaranties or other collateral as security for the Mortgage Loans and the Trust Subordinate
Companion Loan and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Gain-on-Sale Reserve Account, the Excess Interest Distribution Account and the REO Accounts, formed and sold
by

 

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.

 

THIS
CERTIFIES THAT [DEUTSCHE BANK AG, NEW YORK BRANCH] is the registered owner of the interest evidenced by this Certificate in the
225B-VRR Interest issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the
“Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp. (hereinafter
called the “Depositor”, which term includes any successor entity under the Pooling and Servicing Agreement),
the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor and the Asset Representations
Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the
extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing
Agreement.

 

This
Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof
(herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the
face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified
on the face hereof, by the aggregate initial Certificate Balance of the Class 225B-VRR Interest Certificates. The Certificates
are designated as the Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and are
issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the
aggregate 100% of the beneficial ownership of the Trust.

 

This
Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information
with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and
obligations of the Trustee and the Certificate Administrator. This Certificate is issued under and is subject to the terms, provisions
and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time,
the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound. In the case of any
conflict between terms specified in this Certificate and terms specified in the Pooling and Servicing Agreement, the terms of
the Pooling and Servicing Agreement shall govern.

 

This
Certificate represents (i) a beneficial interest in multiple “regular interests” in a “real estate mortgage
investment conduit”, as those terms are defined, respectively, in Sections 860G(a)(1) and 860D of the Code; and (ii) a beneficial
interest in the Excess Interest and proceeds thereof in the Excess Interest Distribution Account. Each Holder of this Certificate,
by acceptance hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with
the preceding sentence for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed
on or measured by income.

 

Pursuant
to the terms of the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name
this Certificate is registered as of the related Record Date, an amount equal to such Person’s pro rata share (based
on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest
then distributable, if any, allocable to the Class of Certificates of the same Class as this Certificate for such Distribution
Date, all as more fully described in the Pooling and Servicing

 

    A-26-4

     

    

 

Agreement. Holders of this Certificate may be entitled to Prepayment
Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. All sums distributable on this Certificate
are payable in the coin or currency of the United States of America as at the time of payment is legal tender for the payment
of public and private debts. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges
as provided in the Pooling and Servicing Agreement.

 

Interest
on this Certificate will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the
Interest Accrual Period relating to such Distribution Date as specified in the Pooling and Servicing Agreement on the Certificate
Balance of this Certificate immediately prior to each Distribution Date. Principal and interest allocated to this Certificate
on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Funds to
be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement
of this Certificate as set forth in the Pooling and Servicing Agreement.

 

Realized
Losses and certain other amounts on the Mortgage Loans and the Trust Subordinate Companion Loan shall be allocated on the applicable
Distribution Date to Certificateholders in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on
the Mortgage Loans and the Trust Subordinate Companion Loan allocated to any Class of Certificates will be allocated pro rata
among the outstanding Certificates of such Class.

 

This
Certificate is limited in right of payment to, among other things, certain collections and recoveries respecting the Trust Subordinate
Companion Loan, all as more specifically set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing
Agreement, the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders
of Certificates specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account)
or the Certificate Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom.
Amounts on deposit in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling
and Servicing Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master
Servicer as set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals
from the Collection Account shall be made from time to time for purposes other than distributions to Certificateholders, such
purposes including reimbursement of certain expenses incurred with respect to the servicing of the Mortgage Loans, the Trust Subordinate
Companion Loan and administration of the Trust.

 

All
distributions under the Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other
than the final distribution on any Certificate) to Certificateholders of record on the related Record Date by check mailed to
the address set forth therefor in the Certificate Register or, provided that such Certificateholder has provided the Certificate
Administrator with wire instructions at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor. The
final distribution on this Certificate (determined without regard to any possible future reimbursement of Realized Losses previously
allocated to this Certificate) shall be made in like manner, but only upon presentment and surrender of this Certificate at the
offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Certificateholders to tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited
to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been
given pursuant to Section 4.01(h) of the Pooling and Servicing Agreement shall not have been surrendered for cancellation
within six months after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining
non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with
respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation,
the Certificate Administrator, directly or through an agent, shall take such steps to contact the remaining non-tendering Certificateholders
concerning the surrender of their Certificates as it shall deem appropriate. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be

 

    A-26-5

     

    

 

paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount
held in trust under the Pooling and Servicing Agreement by the Certificate Administrator as a result of such Certificateholder’s
failure to surrender its Certificate(s) for final payment thereof in accordance with Section 4.01(h) of the Pooling and Servicing
Agreement.

 

As
provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register only upon receipt by the Certificate Administrator of (i) a certificate from the prospective
Transferee in the form set forth in the Pooling and Servicing Agreement, countersigned by the Retaining Sponsor and (ii) a certificate
from the prospective Transferor in the form set forth in the Pooling and Servicing Agreement.

 

Subject
to the terms of the Pooling and Servicing Agreement, the 225B-VRR Interest Certificates will be issued in fully registered, certificated
form in minimum denominations of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such
Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

 

No
fee or service charge shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer
or exchange of any Certificate (other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement.
In connection with any transfer to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs
(including the cost of the Certificate Registrar’s counsel’s review of the documents and any legal opinions, submitted
by the transferor or transferee to the Certificate Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement)
incurred by the Certificate Registrar in connection with such transfer. The Certificate Registrar may require payment by each
transferor of a sum sufficient to cover any tax, expense or other governmental charge payable in connection with any such transfer
or exchange.

 

The
Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar,
and any agent of any of them, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes,
and neither the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate
Registrar, nor any agent of any of them, shall be affected by any notice to the contrary.

 

The
Pooling and Servicing Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders
or the Companion Holders:

 

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

 

(ii)         
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

 

(iii)         
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder, as evidenced
in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each Rating Agency with respect to such amendment;

 

(iv)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust under the relevant provisions of the Code
at all times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any
Trust REMIC or the Grantor Trust; provided that the Trustee and the Certificate Administrator have received an Opinion
of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is

 

    A-26-6

     

    

 

necessary or desirable
to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action will
not adversely affect in any material respect the interests of any Certificateholder or Companion Holder;

 

(v)         
to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
(other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

 

(vi)         
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of
any Certificateholder or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation
from each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related
to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the
Pooling and Servicing Agreement);

 

(vii)         
to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of
the Rating Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that
such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder not consenting
to such amendment or supplement, as evidenced by an Opinion of Counsel;

 

(viii)         
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as
a Control Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded
Loan, the Directing Certificateholder, determine that the commercial mortgage backed securities industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any
Trust REMIC as a REMIC or the status of the Grantor Trust as a grantor trust under the relevant provisions of the Code, as evidenced
by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class of
Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the
Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

 

(ix)         
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act;
provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall
give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to
the Certificate Administrator’s Website;

 

    A-26-7

     

    

 

(x)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary
to comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk
Retention Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements
in the event of such repeal, as evidenced by an Opinion of Counsel; or

 

(xi)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

 

Notwithstanding
the foregoing, no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or
the obligations of any Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any
Mortgage Loan Seller as a third party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage
Loan Seller or (B) may materially and adversely affect the holders of a Companion Loan without such Companion Holder’s consent.

 

The
Pooling and Servicing Agreement may also be amended from time to time by the parties thereto with the consent of the Holders of
Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority of the aggregate Percentage
Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates of such
Class; provided, however, that no such amendment shall:

 

(i)         
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or the Trust Subordinate Companion
Loan that are required to be distributed on a Certificate of any Class without the consent of the Holder of the Certificate or
which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

 

(ii)         
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder or Holder of the Loan-Specific Certificates, in any such case
without the consent of the Holders of all Certificates of such Class then outstanding or such Companion Holders, as applicable;
or

 

(iii)        
adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

 

(iv)       
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

 

(v)        
amend the Servicing Standard without the consent of 100% of the Certificateholders or receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under
the related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole
Loan.

 

Notwithstanding
the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator,
the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing
Agreement without having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment
is permitted under the Pooling and Servicing Agreement, that all conditions precedent have been satisfied and that such amendment
or the exercise of any power granted to the Master Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate

 

    A-26-8

     

    

 

Administrator, the Operating Advisor, the Asset Representations Reviewer or any other specified person in accordance with such
amendment will not result in the imposition of a tax on any portion of the Trust Fund or any Trust REMIC, or cause any Trust REMIC
to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under the relevant provisions of
the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically
required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of
the related Companion Holder(s).

 

The
Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates
may, in that order of priority, at their option, upon no less than 60 days’ prior written notice given to the Trustee, the
Certificate Administrator and each of the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage
Loans (and all property acquired through exercise of remedies in respect of any related Mortgage Loan), the Trust Subordinate
Companion Loan and the Trust’s portion of each REO Property remaining in the Trust Fund, and thereby effect termination
of the Trust and early retirement of the then-outstanding Certificates, on or after the first Distribution Date on which the aggregate
Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the Trust is less than 1.0% of the aggregate
Cut-off Date Balance of the Mortgage Loans.

 

Following
the date on which the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D
and Class E Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity)
of the then-outstanding Certificates (other than the Class R and Class S Certificates)), the Sole Certificateholder shall have
the right, with the consent of the Master Servicer, to exchange all of its Certificates (other than the Class R and Class S Certificates)
for all of the Mortgage Loans, the Trust Subordinate Companion Loan and each REO Property remaining in the Trust Fund pursuant
to the terms of the Pooling and Servicing Agreement.

 

The
obligations created by the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate
Administrator to make payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate
upon reduction of the Certificate Balances of all the Certificates to zero (including, without limitation, any such final payment
resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years
from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court
of St. James, living on the date hereof.

 

Unless
the certificate of authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate
shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar
has executed this Certificate on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes
no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates,
the Mortgage Loans or the Trust Subordinate Companion Loan.

 

THIS
CERTIFICATE AND THE POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    A-26-9

     

    

 

IN
WITNESS WHEREOF, the Certificate Registrar has caused this Certificate to be duly executed under this official seal. 

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION,  not in its individual capacity but solely as Certificate Registrar under the Pooling
    and Servicing Agreement
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

 

		Dated:	November
                                         21, 2019

 

CERTIFICATE
OF AUTHENTICATION

 

THIS IS ONE OF THE CLASS 225B-VRR INTEREST CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
	 	 	 
	 	By: 	 
	 	 	Name:
    

    Title:

 

    A-26-10

     

    

 

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:  

	 	 	 	 
	TEN
    COM   	-   	as
    tenant in common	UNIF
    GIFT MIN ACT __________ Custodian
	TEN
    ENT	-	as
    tenants by the entireties	     (Cust)
	JT
    TEN	-	as
    joint tenants with rights of	Under
    Uniform Gifts to Minors
	 	 	survivorship
    and not as tenants in	 
	 	 	common	Act
    __________________________
	 	 		(State)

 

Additional
abbreviations may also be used though not in the above list. 

 

FORM
OF TRANSFER

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________

 

 

(Please
insert Social Security or other identifying number of Assignee)

 

 

(Please
print or typewrite name and address of assignee)

 

 

 

the
within Certificate and does hereby or irrevocably constitute and appoint to transfer the said Certificate in the Certificate register
of the within-named Trust, with full power of substitution in the premises.

  

	Dated:  _______________	NOTICE:  The
    signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular
    without alteration or enlargement or any change whatever.

 

	 	 
	SIGNATURE
    GUARANTEED	 

 

The
signature must be guaranteed by a commercial bank or trust company or by a member firm of the New York Stock Exchange or another
national securities exchange. Notarized or witnessed signatures are not acceptable.  

 

    A-26-11

     

    

 

DISTRIBUTION
INSTRUCTIONS

 

The
assignee should include the following for purposes of distribution:

 

Distributions
shall be made, by wire transfer or otherwise, in immediately available funds to _______________________________ for the account
of __________________________ account number _______________ or, if mailed by check, to __________________________. Statements
should be mailed to _________________________. This information is provided by assignee named above, or ______________________________,
as its agent.

 

    A-26-12

     

    

 

 

EXHIBIT
B

 

MORTGAGE
LOAN SCHEDULE

  

    B-1

    

    

 

 

	BMARK 2019-B14 - Mortgage Loan Schedule	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Interest	 	 	 	 	 
	 	 	Mortgage Loan	 	 	 	 	 	Mortgage	Original Principal	Cut-off Date 	Maturity Date	Due	Current Monthly	Servicing	Accrual 	 Letter of  	Post-ARD 	Part of	Leasehold	Current Mezzanine
	ID	Loan Number	 Seller	Mortgage Loan Name	Street Address	City	State	Zip Code	Rate (%)	Balance ($)	Stated Principal Balance ($)	or ARD	Date 	Debt Service ($)	Fee Rate	Method	 Credit 	Revised Rate	Whole Loan	Interest	or Subordinate Debt
	CREFI1	1	CREFI	Watergate Office Building	2600 Virginia Avenue Northwest 	Washington	DC	20037	3.73000	                73,000,000 	73,000,000	10/06/29	6	230,059.84	0.00250	Actual/360	No	 	NAP	Fee/Leasehold	No
	GACC2	2	GACC	225 Bush	225 Bush Street	San Francisco	CA	94104	3.30300	                60,000,000 	60,000,000	11/06/24	6	167,443.75	0.00536	Actual/360	No	 	Yes	Fee	Yes
	JPMCB3	3	JPMCB	Innovation Park	7201, 7207, 7345, 7349, 8001, 8105, 8201, 8203, 8209, 8335, 8405, 8501 & 8505 IBM Drive	Charlotte	NC	28262	3.50500	                60,000,000 	60,000,000	11/01/29	1	177,684.03	0.00250	Actual/360	No	 	Yes	Fee	No
	JPMCB4	4	JPMCB	The Essex	125 Delancey Street	New York	NY	10002	2.75900	                56,900,000 	56,900,000	11/01/26	1	132,639.56	0.00250	Actual/360	No	 	Yes	Fee	Yes
	GACC5	5	GACC	180 Water	180 Water Street	New York	NY	10038	3.410377	                50,000,000 	50,000,000	11/06/24	6	144,072.64	0.00250	Actual/360	No	 	Yes	Fee	Yes
	CREFI6	6	CREFI	Harvey Building Products	Various	Various	Various	Various	3.82000	                50,000,000 	50,000,000	11/06/29	6	233,548.31	0.00250	Actual/360	 No 	 	Yes	Fee	No
	CREFI6.01	6.01	CREFI	Londonderry / Manufacturing	30 Jack's Bridge Road	Londonderry	NH	03053	3.82000	                  9,656,250 	9,656,250	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.02	6.02	CREFI	Dartmouth / Manufacturing	7 Ledgewood Boulevard	North Dartmouth	MA	02747	3.82000	                  5,625,000 	5,625,000	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.03	6.03	CREFI	Waltham Corporate	1400 Main Street	Waltham	MA	02451	3.82000	                  4,898,438 	4,898,438	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.04	6.04	CREFI	Woburn	27-33 Commonwealth Avenue	Woburn	MA	01801	3.82000	                  2,796,875 	2,796,875	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.05	6.05	CREFI	Nashua	90 Northeastern Boulevard	Nashua	NH	03062	3.82000	                  2,062,500 	2,062,500	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.06	6.06	CREFI	Woburn CPD	35 Commonwealth Avenue	Woburn	MA	01801	3.82000	                  2,000,000 	2,000,000	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.07	6.07	CREFI	(West) Bridgewater	10 Turnpike Street	West Bridgewater	MA	02379	3.82000	                  1,746,875 	1,746,875	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.08	6.08	CREFI	Manchester, NH	344 East Industrial Park Drive	Manchester	NH	03109	3.82000	                  1,625,000 	1,625,000	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.09	6.09	CREFI	Norwalk 256	256-258 Martin Luther King Drive	Norwalk	CT	06854	3.82000	                  1,500,000 	1,500,000	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.1	6.10	CREFI	New London	1096 Hartford Turnpike	Waterford	CT	06385	3.82000	                  1,406,250 	1,406,250	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.11	6.11	CREFI	East Haven	221 Commerce Street	East Haven	CT	06512	3.82000	                  1,346,875 	1,346,875	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.12	6.12	CREFI	Lincoln	21 Wellington Road	Lincoln	RI	02865	3.82000	                  1,300,000 	1,300,000	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.13	6.13	CREFI	Bethlehem	2000 City Line Road	Bethlehem	PA	18017	3.82000	                  1,218,750 	1,218,750	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.14	6.14	CREFI	Salem	4 Raymond Avenue	Salem	NH	03079	3.82000	                  1,218,750 	1,218,750	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.15	6.15	CREFI	Norwalk 260	260 Martin Luther King Drive	Norwalk	CT	06854	3.82000	                  1,198,438 	1,198,438	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.16	6.16	CREFI	Berlin	272 Woodlawn Road	Berlin	CT	06037	3.82000	                  1,109,375 	1,109,375	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.17	6.17	CREFI	Dartmouth	965 Reed Road	Dartmouth	MA	02747	3.82000	                  1,096,875 	1,096,875	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.18	6.18	CREFI	Manchester, CT	730 Parker Street	Manchester	CT	06042	3.82000	                     873,438 	873,438	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.19	6.19	CREFI	Portland	401 Riverside Street	Portland	ME	04103	3.82000	                     843,750 	843,750	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.20	6.20	CREFI	Braintree	320 Wood Road	Braintree	MA	02184	3.82000	                     828,125 	828,125	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.21	6.21	CREFI	Warwick	45 Lori Ann Way	Warwick	RI	02886	3.82000	                     771,875 	771,875	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.22	6.22	CREFI	Fitchburg	133 Benson Street	Fitchburg	MA	01420	3.82000	                     656,250 	656,250	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.23	6.23	CREFI	Auburn	300 Washington Street	Auburn	MA	01501	3.82000	                     643,750 	643,750	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.24	6.24	CREFI	Berlin CPD	230 Woodlawn Road	Berlin	CT	06037	3.82000	                     640,625 	640,625	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.25	6.25	CREFI	Southampton	99 Buck Road	Huntingdon Valley	PA	19006	3.82000	                     537,500 	537,500	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.26	6.26	CREFI	Portsmouth	240 West Road	Portsmouth	NH	03801	3.82000	                     625,000 	625,000	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.27	6.27	CREFI	Wilkes-Barre	936 Rutter Avenue	Forty Fort	PA	18704	3.82000	                     500,000 	500,000	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.28	6.28	CREFI	Hyannis	186 Breeds Hill Road	Hyannis	MA	02601	3.82000	                     484,375 	484,375	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.29	6.29	CREFI	Springfield	175 Carando Drive	Springfield	MA	01104	3.82000	                     467,188 	467,188	 	 	 	 	 	 	 	 	Fee	 
	CREFI6.30	6.30	CREFI	White River Junction	1354 North Hartland Road	White River Junction	VT	05001	3.82000	                     321,875 	321,875	 	 	 	 	 	 	 	 	Fee	 
	CREFI7	7	CREFI	Legends at Village West	1843 Village West Parkway	Kansas City	KS	66111	3.86000	                50,000,000 	50,000,000	11/06/24	6	234,689.75	0.02125	Actual/360	No	 	Yes	Fee	No
	GACC8	8	GACC	80 on the Commons	80 East Rich Street	Columbus	OH	43215	2.95000	                47,300,000 	47,300,000	11/06/29	6	117,894.16	0.00250	Actual/360	No	 	NAP	Fee	No
	JPMCB9	9	JPMCB	Osborn Triangle	Various	Cambridge	MA	02139	3.79700	                40,000,000 	40,000,000	06/01/29	1	128,324.54	0.00250	Actual/360	No	 	Yes	Leasehold	Yes
	JPMCB9.01	9.01	JPMCB	610 Main Street North	610 Main Street	Cambridge	MA	02139	3.79700	                16,146,087 	16,146,087	 	 	 	 	 	 	 	 	Leasehold	 
	JPMCB9.02	9.02	JPMCB	1 Portland Street	1 Portland Street	Cambridge	MA	02139	3.79700	                14,260,870 	14,260,870	 	 	 	 	 	 	 	 	Leasehold	 
	JPMCB9.03	9.03	JPMCB	700 Main Street	700 Main Street	Cambridge	MA	02139	3.79700	                  9,593,043 	9,593,043	 	 	 	 	 	 	 	 	Leasehold	 
	JPMCB10	10	JPMCB	Tysons Tower	7900 Tysons One Place	McLean	VA	22102	3.33000	                40,000,000 	40,000,000	10/11/29	11	112,541.67	0.00375	Actual/360	No	 	Yes	Fee	No
	JPMCB11	11	JPMCB	900 & 990 Stewart Avenue	900 & 990 Stewart Avenue	Garden City	NY	11530	4.49000	                39,000,000 	39,000,000	08/01/24	1	147,951.74	0.00250	Actual/360	No	 	Yes	Leasehold	No
	JPMCB12	12	JPMCB	Hilton Cincinnati Netherland Plaza	35 West Fifth Street	Cincinnati	OH	45202	5.35000	                35,500,000 	35,500,000	11/01/24	1	198,236.86	0.00250	Actual/360	No	 	Yes	Fee	No
	CREFI13	13	CREFI	Oro Valley Marketplace	12155 North Oracle Road	Oro Valley	AZ	85737	3.93000	                35,250,000 	35,250,000	10/06/29	6	166,869.46	0.00250	Actual/360	No	 	NAP	Fee	No
	JPMCB14	14	JPMCB	Spectrum Brands Global Headquarters	3001 Deming Way	Middleton	WI	53562	3.43000	                34,000,000 	34,000,000	11/01/29	1	98,533.10	0.00250	Actual/360	No	 	NAP	Fee	No
	CREFI15	15	CREFI	Compass AGP Storage Portfolio	Various	Various	Various	Various	3.57000	                33,000,000 	33,000,000	11/06/29	6	99,538.54	0.00425	Actual/360	No	 	NAP	Fee	No
	CREFI15.01	15.01	CREFI	Compass Self  Storage Bloomfield	58 Locust Avenue	Bloomfield	NJ	07003	3.57000	                13,000,000 	13,000,000	 	 	 	 	 	 	 	 	Fee	 
	CREFI15.02	15.02	CREFI	Compass Self Storage Smyrna	2350 Atlanta Road	Smyrna	GA	30080	3.57000	                  4,668,040 	4,668,040	 	 	 	 	 	 	 	 	Fee	 
	CREFI15.03	15.03	CREFI	Compass Self Storage Port Richey	4413 Madison Street	New Port Richey	FL	34652	3.57000	                  4,206,680 	4,206,680	 	 	 	 	 	 	 	 	Fee	 
	CREFI15.04	15.04	CREFI	Compass Self Storage Wendell	1401 Wendell Boulevard	Wendell	NC	27591	3.57000	                  3,914,200 	3,914,200	 	 	 	 	 	 	 	 	Fee	 
	CREFI15.05	15.05	CREFI	Compass Self Storage Duluth	1800 Sullivan Drive	Duluth	GA	30096	3.57000	                  3,676,480 	3,676,480	 	 	 	 	 	 	 	 	Fee	 
	CREFI15.06	15.06	CREFI	Compass Self Storage Kennesaw	3885 Frey Road	Kennesaw	GA	30144	3.57000	                  3,534,600 	3,534,600	 	 	 	 	 	 	 	 	Fee	 
	GACC16	16	GACC	221 West 29th St	221 West 29th Street	New York	NY	10001	3.83300	                32,500,000 	32,500,000	11/06/29	6	132,474.09	0.00250	Actual/360	No	 	NAP	Leasehold	No
	JPMCB17	17	JPMCB	Jersey City Group 1	Various	Jersey City	NJ	Various	4.62000	                32,050,000 	32,050,000	11/01/29	1	164,685.82	0.00250	Actual/360	No	 	NAP	Fee	No
	JPMCB17.01	17.01	JPMCB	92 & 96 Highland Avenue	92 & 96 Highland Avenue	Jersey City	NJ	07306	4.62000	                  6,519,975 	6,519,975	 	 	 	 	 	 	 	 	Fee	 
	JPMCB17.02	17.02	JPMCB	58 Van Reypen Street	58 Van Reypen Street	Jersey City	NJ	07306	4.62000	                  4,006,250 	4,006,250	 	 	 	 	 	 	 	 	Fee	 
	JPMCB17.03	17.03	JPMCB	67 Stuyvesant Avenue	67 Stuyvesant Avenue	Jersey City	NJ	07306	4.62000	                  3,927,696 	3,927,696	 	 	 	 	 	 	 	 	Fee	 
	JPMCB17.04	17.04	JPMCB	2729 John F. Kennedy Boulevard	2729 John F. Kennedy Boulevard	Jersey City	NJ	07306	4.62000	                  3,927,696 	3,927,696	 	 	 	 	 	 	 	 	Fee	 
	JPMCB17.05	17.05	JPMCB	1 Britton Street	1 Britton Street	Jersey City	NJ	07306	4.62000	                  3,692,035 	3,692,035	 	 	 	 	 	 	 	 	Fee	 
	JPMCB17.06	17.06	JPMCB	46 Vroom Street	46 Vroom Street	Jersey City	NJ	07306	4.62000	                  3,142,157 	3,142,157	 	 	 	 	 	 	 	 	Fee	 
	JPMCB17.07	17.07	JPMCB	6 Tonnele Avenue	6 Tonnele Avenue	Jersey City	NJ	07306	4.62000	                  2,513,725 	2,513,725	 	 	 	 	 	 	 	 	Fee	 
	JPMCB17.08	17.08	JPMCB	114 Stuyvesant Avenue	114 Stuyvesant Avenue	Jersey City	NJ	07306	4.62000	                  1,571,078 	1,571,078	 	 	 	 	 	 	 	 	Fee	 
	JPMCB17.09	17.09	JPMCB	64 Newkirk Street	64 Newkirk Street	Jersey City	NJ	07306	4.62000	                  1,492,525 	1,492,525	 	 	 	 	 	 	 	 	Fee	 
	JPMCB17.10	17.10	JPMCB	153 Academy Street	153 Academy Street	Jersey City	NJ	07302	4.62000	                  1,256,863 	1,256,863	 	 	 	 	 	 	 	 	Fee	 
	JPMCB18	18	JPMCB	Jersey City Group 3	Various	Jersey City	NJ	Various	4.62000	                31,110,000 	31,110,000	11/01/29	1	159,855.72	0.00250	Actual/360	No	 	NAP	Fee	No
	JPMCB18.01	18.01	JPMCB	3143 & 3149 John F. Kennedy Boulevard	3143 & 3149 John F. Kennedy Boulevard	Jersey City	NJ	07306	4.62000	                  5,813,485 	5,813,485	 	 	 	 	 	 	 	 	Fee	 
	JPMCB18.02	18.02	JPMCB	169 Manhattan Avenue	169 Manhattan Avenue	Jersey City	NJ	07307	4.62000	                  5,106,439 	5,106,439	 	 	 	 	 	 	 	 	Fee	 
	JPMCB18.03	18.03	JPMCB	78 Congress Street	78 Congress Street	Jersey City	NJ	07307	4.62000	                  4,713,636 	4,713,636	 	 	 	 	 	 	 	 	Fee	 
	JPMCB18.04	18.04	JPMCB	516, 518 & 520 Central Avenue	516, 518 & 520 Central Avenue	Jersey City	NJ	07307	4.62000	                  4,556,515 	4,556,515	 	 	 	 	 	 	 	 	Fee	 
	JPMCB18.05	18.05	JPMCB	3719 John F. Kennedy Boulevard	3719 John F. Kennedy Boulevard	Jersey City	NJ	07307	4.62000	                  2,671,061 	2,671,061	 	 	 	 	 	 	 	 	Fee	 
	JPMCB18.06	18.06	JPMCB	393 Central Avenue	393 Central Avenue	Jersey City	NJ	07307	4.62000	                  2,592,500 	2,592,500	 	 	 	 	 	 	 	 	Fee	 
	JPMCB18.07	18.07	JPMCB	104 Booraem Avenue	104 Booraem Avenue	Jersey City	NJ	07307	4.62000	                  2,121,137 	2,121,137	 	 	 	 	 	 	 	 	Fee	 
	JPMCB18.08	18.08	JPMCB	55 Graham Street	55 Graham Street	Jersey City	NJ	07307	4.62000	                  1,964,015 	1,964,015	 	 	 	 	 	 	 	 	Fee	 
	JPMCB18.09	18.09	JPMCB	95 Beacon Avenue	95 Beacon Avenue	Jersey City	NJ	07306	4.62000	                  1,571,212 	1,571,212	 	 	 	 	 	 	 	 	Fee	 
	JPMCB19	19	JPMCB	Grand Canal Shoppes	3377 Las Vegas Boulevard South	Las Vegas	NV	89109	3.74080	                30,384,615 	30,384,615	07/01/29	1	96,034.52	0.00250	Actual/360	No	 	Yes	Fee/Leasehold	Yes
	JPMCB20	20	JPMCB	230 Park Avenue South	230 Park Avenue South	New York	NY	10003	3.27000	                30,000,000 	30,000,000	09/11/29	11	82,885.42	0.00375	Actual/360	No	 	Yes	Fee	No
	JPMCB21	21	JPMCB	Villas on Nueces	2203 Nueces Street	Austin	TX	78705	4.59833	                30,000,000 	30,000,000	11/01/29	1	116,554.89	0.02250	Actual/360	No	 	NAP	Fee	Yes
	GACC22	22	GACC	Glendale Portfolio	Various	Glendale	CA	Various	3.96500	                28,200,000 	28,200,000	10/06/29	6	94,471.63	0.00250	Actual/360	No	 	NAP	Fee	No
	GACC22.01	22.01	GACC	Windsor Villas	1377 East Windsor Road	Glendale	CA	91205	3.96500	                15,399,554 	15,399,554	 	 	 	 	 	 	 	 	Fee	 
	GACC22.02	22.02	GACC	720 Louise	720 North Louise Street	Glendale	CA	91206	3.96500	                12,800,446 	12,800,446	 	 	 	 	 	 	 	 	Fee	 
	JPMCB23	23	JPMCB	8 West Centre	3505 West Sam Houston Parkway North	Houston	TX	77043	3.88800	                26,000,000 	26,000,000	11/01/29	1	122,455.05	0.01250	Actual/360	No	 	Yes	Fee	No
	CREFI24	24	CREFI	Florham Park Corporate Center	25 Vreeland Road 	Florham Park	NJ	07932	3.92000	                25,000,000 	25,000,000	10/06/29	6	118,203.68	0.00250	Actual/360	No	 	NAP	Fee	No
	GACC25	25	GACC	Sparks Galleria	4711-4760 Galleria Parkway and 151-255 Disc Drive	Sparks	NV	89436	3.13000	                23,523,500 	23,523,500	10/06/29	6	62,209.31	0.03250	Actual/360	No	 	NAP	Fee	No
	CREFI26	26	CREFI	530 Midwood	550 Kingston Avenue and 528 Midwood Street	Brooklyn	NY	11203, 11225	3.88000	                21,600,000 	21,600,000	10/06/29	6	70,810.00	0.00250	Actual/360	No	 	NAP	Fee	No
	JPMCB27	27	JPMCB	The Rockland	1301 West 24th Street	Lawrence	KS	66046	3.89000	                20,053,000 	20,053,000	11/01/29	1	94,468.78	0.03250	Actual/360	No	 	NAP	Fee	No
	JPMCB28	28	JPMCB	Sunset North	3120, 3150 & 3180 139th Avenue Southeast	Bellevue	WA	98005	3.25000	                20,000,000 	20,000,000	10/01/29	1	54,918.98	0.00250	Actual/360	No	 	Yes	Fee	No
	JPMCB29	29	JPMCB	600 & 620 National Avenue	600 & 620 National Avenue	Mountain View	CA	94043	3.68800	                20,000,000 	20,000,000	09/11/29	11	62,320.37	0.00250	Actual/360	No	 	Yes	Fee	No
	JPMCB30	30	JPMCB	City Hyde Park	5105 South Harper Avenue	Chicago	IL	60615	4.70000	                20,000,000 	20,000,000	10/01/29	1	103,727.56	0.00250	Actual/360	No	 	Yes	Fee	No
	CREFI31	31	CREFI	Keystone Plaza	13503-13715 Biscayne Boulevard	North Miami Beach	FL	33181	3.89000	                18,500,000 	18,500,000	11/06/29	6	96,529.69	0.00250	Actual/360	No	 	NAP	Fee	No
	JPMCB32	32	JPMCB	The Shoppes at Southside	9930-9990 Southside Boulevard	Jacksonville	FL	32256	4.15000	                16,500,000 	16,500,000	10/01/29	1	80,207.05	0.00250	Actual/360	No	 	NAP	Fee	No
	CREFI33	33	CREFI	Caughlin Ranch	4788 Caughlin Parkway	Reno	NV	89519	3.90000	                15,827,000 	15,827,000	11/06/24	6	52,152.16	0.00250	Actual/360	No	 	NAP	Fee	No
	GACC34	34	GACC	SE Michigan Multifamily Portfolio	Various	Various	MI	Various	3.83000	                14,000,000 	14,000,000	11/06/29	6	45,303.94	0.03125	Actual/360	No	 	NAP	Fee	No
	GACC34.01	34.01	GACC	Anthos Garden	5043 East Outer Drive	Detroit	MI	48234	3.83000	                  4,102,885 	4,102,885	 	 	 	 	 	 	 	 	Fee	 
	GACC34.02	34.02	GACC	Top of the Drive	12870 West Outer Drive	Detroit	MI	48223	3.83000	                  3,890,101 	3,890,101	 	 	 	 	 	 	 	 	Fee	 
	GACC34.03	34.03	GACC	Victoria Place	22325 West 8 Mile Road	Detroit	MI	48219	3.83000	                  2,416,991 	2,416,991	 	 	 	 	 	 	 	 	Fee	 
	GACC34.04	34.04	GACC	Park High	127 Gerald Street	Highland Park	MI	48203	3.83000	                  1,827,747 	1,827,747	 	 	 	 	 	 	 	 	Fee	 
	GACC34.05	34.05	GACC	Boulder Creek	5000 Boulder Drive	Burton	MI	48529	3.83000	                  1,762,276 	1,762,276	 	 	 	 	 	 	 	 	Fee	 
	GACC35	35	GACC	The Shops at Merchant's Square	935 Bob Wallace Avenue Southwest	Huntsville	AL	35801	4.13000	                13,475,000 	13,475,000	11/06/29	6	65,345.70	0.06125	Actual/360	No	 	NAP	Fee	No
	CREFI36	36	CREFI	333 Cypress	333 Cypress Avenue	Bronx	NY	10454	4.08000	                13,200,000 	13,200,000	11/06/29	6	45,503.33	0.00250	Actual/360	No	 	NAP	Fee	No
	CREFI37	37	CREFI	Arrow Business Park	9007-9087 Arrow Route	Rancho Cucamonga	CA	91730	4.25000	                12,500,000 	12,500,000	11/06/24	6	61,492.49	0.00250	Actual/360	No	 	NAP	Fee	No
	CREFI38	38	CREFI	3 Avenues Shopping Center	2001-2095 Indian River Boulevard	Vero Beach	FL	32960	3.45000	                12,400,000 	12,400,000	11/01/29	1	36,145.14	0.00250	Actual/360	No	 	NAP	Fee	No
	JPMCB39	39	JPMCB	Daniel - The Dinex Group	610 Park Avenue	New York	NY	10065	4.65000	                12,200,000 	12,200,000	11/01/29	1	47,931.60	0.00250	Actual/360	No	 	NAP	Fee	No
	CREFI40	40	CREFI	CubeSmart Self Storage - Pembroke Pines	8321 Pines Boulevard	Pembroke Pines	FL	33024	3.90000	                11,800,000 	11,800,000	10/06/29	6	55,656.85	0.00250	Actual/360	No	 	NAP	Fee	No
	GACC41	41	GACC	Pioneer Plaza	1805 Pioneer Parkway East	Springfield	OR	97477	3.80500	                11,610,000 	11,593,910	10/06/29	6	54,130.70	0.00250	Actual/360	No	 	NAP	Fee	No
	JPMCB42	42	JPMCB	Bella Vista Phase II	4305 Ruben Torres Senior Boulevard	Brownsville	TX	78526	4.70000	                10,587,500 	10,587,500	10/01/29	1	54,910.78	0.04250	Actual/360	No	 	NAP	Fee	No
	CREFI43	43	CREFI	Nobu DC	2525 M Street Northwest	Washington	DC	20037	3.63000	                10,570,000 	10,570,000	10/06/29	6	32,418.34	0.03250	Actual/360	No	 	NAP	Fee	No
	JPMCB44	44	JPMCB	Bay Pointe Apartments	811 Northwood Drive	Baytown	TX	77521	4.37000	                  9,750,000 	9,724,843	09/01/29	1	48,651.56	0.00250	Actual/360	No	 	NAP	Fee	No
	CREFI45	45	CREFI	652 Kent Avenue	652 Kent Avenue	Brooklyn	NY	11249	3.95000	                  8,000,000 	8,000,000	11/01/29	1	80,806.14	0.00250	Actual/360	No	 	NAP	Leasehold	No
	JPMCB46	46	JPMCB	WoodSpring Suites Grand Rapids Holland & Tyler	Various	Various	Various	Various	3.64100	                  7,000,000 	7,000,000	09/01/29	1	21,534.16	0.00250	Actual/360	No	 	NAP	Fee	No
	JPMCB46.01	46.01	JPMCB	WoodSpring Suites Grand Rapids	2630 Van Ommen Drive	Holland	MI	49424	3.64100	                  4,510,000 	4,510,000	 	 	 	 	 	 	 	 	Fee	 
	JPMCB46.02	46.02	JPMCB	WoodSpring Suites Tyler	3210 South Southwest Loop 323	Tyler	TX	75701	3.64100	                  2,490,000 	2,490,000	 	 	 	 	 	 	 	 	Fee	 
	GACC47	47	GACC	Oak Hills Mobile Home Park	5965 Harrisburg Georgesville Road	Grove City	OH	43123	3.99700	                  6,800,000 	6,800,000	10/06/29	6	32,452.48	0.00250	Actual/360	No	 	NAP	Fee	No
	GACC48	48	GACC	Studio Movie Grill Chicago	210 West 87th Street	Chicago	IL	60620	3.85000	                  5,600,000 	5,600,000	10/06/29	6	26,253.26	0.00250	Actual/360	No	 	NAP	Fee	No
	CREFI49	49	CREFI	532 East 142nd Street	532 East 142nd Street	Bronx	NY	10454	4.08000	                  4,350,000 	4,350,000	11/06/29	6	14,995.42	0.00250	Actual/360	No	 	NAP	Fee	No
	JPMCB50	50	JPMCB	1713 Parkway	1713 FM 685	Pflugerville	TX	78660	4.00000	                  3,750,000 	3,750,000	11/01/29	1	17,903.07	0.04250	Actual/360	No	 	NAP	Fee	No
	CREFI51	51	CREFI	Best Storage - South	8520 Erin Street	Anchorage	AK	99507	3.69000	                  3,500,000 	3,500,000	10/06/29	6	10,911.98	0.00250	Actual/360	No	 	NAP	Fee	No
	CREFI52	52	CREFI	WAG Monck's Corner, SC	395 North Highway 52	Moncks Corner	SC	29461	3.80000	                  3,000,000 	3,000,000	11/06/29	6	13,978.72	0.00250	Actual/360	No	 	NAP	Fee	No
	CREFI53	53	CREFI	CubeSmart Bryan TX	741 North Harvey Mitchell Parkway	Bryan	TX	77807	3.69000	                  3,000,000 	3,000,000	11/06/29	6	13,791.53	0.00250	Actual/360	No	 	NAP	Fee	No

 

    

     

    

 

EXHIBIT
C

 

FORM
OF INVESTMENT REPRESENTATION LETTER

 

Wells
Fargo Bank, National Association

as Certificate Registrar

600
South 4th Street, 7th Floor

MAC
N9300-070

Minneapolis,
Minnesota 55479

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

J.P.
Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

 

		Re:	Transfer
                                         of Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
                                         Series 2019-B14

 

Ladies
and Gentlemen:

 

This
letter is delivered pursuant to Section 5.03 of the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National
Association, as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer, on behalf of the holders of Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series
2019-B14 (the “Certificates”) in connection with the transfer by _________________ (the “Seller”)
to the undersigned (the “Purchaser”) of $_______________ aggregate Certificate Balance of Class ___ Certificates
(the “Certificate”). Capitalized terms used and not otherwise defined herein shall have the respective meanings
ascribed to such terms in the Pooling and Servicing Agreement.

 

In
connection with such transfer, the Purchaser hereby represents and warrants to you and the addressees hereof as follows:

 

1.       Check
one of the following:*

 

		☐	The
                                         Purchaser is not purchasing a Class R Certificate and the Purchaser is an institution
                                         that is an “accredited investor” (an “Institutional Accredited Investor”)
                                         within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the

                                                                                

 

 

 

*
Purchaser must include one of the following two certifications.

 

    Exhibit C-1

     

    

 

	 	 	Securities
                                         Act of 1933, as amended (the “Securities Act”) or any entity in which
                                         all of the equity owners come within such paragraphs and has such knowledge and experience
                                         in financial and business matters as to be capable of evaluating the merits and risks
                                         of its investment in the Certificates, and the Purchaser and any accounts for which it
                                         is acting are each able to bear the economic risk of the Purchaser’s or such account’s
                                         investment. The Purchaser is acquiring the Certificates purchased by it for its own account
                                         or for one or more accounts, each of which is an Institutional Accredited Investor, as
                                         to each of which the Purchaser exercises sole investment discretion. The Purchaser hereby
                                         undertakes to reimburse the Trust Fund for any costs incurred by it in connection with
                                         this transfer.

 

		☐	The
                                         Purchaser is a “qualified institutional buyer” (a “QIB”)
                                         within the meaning of Rule 144A (“Rule 144A”) under the Securities
                                         Act. The Purchaser is aware that the transfer is being made in reliance on Rule 144A,
                                         and the Purchaser has had the opportunity to obtain the information required to be provided
                                         pursuant to paragraph (d)(4)(i) of Rule 144A.

 

2.            The
Purchaser’s intention is to acquire the Certificate (a) for investment for the Purchaser’s own account or (b) for
reoffer, resale, pledge or other transfer (i) to QIBs in transactions under Rule 144A, and not in any event with the view
to, or for resale in connection with, any distribution thereof, or (ii) to Institutional Accredited Investors, subject in
the case of clause (ii) above to (w) the receipt by the Certificate Registrar of a letter substantially in the
form hereof, (x) the receipt by the Certificate Registrar of an opinion of counsel acceptable to the Trustee and Certificate
Registrar that such reoffer, resale, pledge or transfer is in compliance with the Securities Act, (y) the receipt by the
Certificate Registrar of such other evidence acceptable to the Certificate Registrar that such reoffer, resale, pledge or transfer
is in compliance with the Securities Act and other applicable laws and (z) a written undertaking to reimburse the Trust Fund
for any costs incurred by it in connection with the proposed transfer. The Purchaser understands that the Certificate (and any
subsequent Certificate) has not been registered under the Securities Act, by reason of a specified exemption from the registration
provisions of the Securities Act which depends upon, among other things, the bona fide nature of the Purchaser’s investment
intent (or intent to reoffer, resell, pledge or transfer the Certificate only to certain investors in certain exempted transactions)
as expressed herein.

 

3.            The
Purchaser has reviewed the Preliminary Prospectus and the Prospectus relating to the Offered Certificates (collectively, the “Prospectus”)
(and, with respect to Offered Private Certificates, the Preliminary Private Placement Memorandum and the Final Private Placement
Memorandum related to such Offered Private Certificates) and the agreements and other materials referred to therein and has had
the opportunity to ask questions and receive answers concerning the terms and conditions of the transactions contemplated by the
Prospectus.

 

4.            The
Purchaser acknowledges that the Certificate (and any Certificate issued on transfer or exchange thereof) has not been registered
or qualified under the Securities Act or the securities laws of any State or any other jurisdiction, and that the Certificate
cannot be reoffered, resold, pledged or otherwise transferred unless it is registered or qualified thereunder or unless an exemption
from such registration or qualification is available.

 

    Exhibit C-2

     

    

 

5.            The
Purchaser hereby undertakes to be bound by the terms and conditions of the Pooling and Servicing Agreement in its capacity as
an owner of a Certificate or Certificates, as the case may be (each, a “Certificateholder”), in all respects
as if it were a signatory thereto. This undertaking is made for the benefit of the Trust, the Certificate Registrar and all Certificateholders
present and future.

 

6.            The
Purchaser will not sell or otherwise transfer any portion of the Certificate or Certificates, except in compliance with Section 5.03
of the Pooling and Servicing Agreement.

 

7.            Check
one of the following:**

 

		☐	The
                                         Purchaser is a U.S. Tax Person (as defined below) and it has attached hereto an Internal
                                         Revenue Service (“IRS”) Form W-9 (or successor form).

 

		☐	The
                                         Purchaser is not a U.S. Tax Person and under applicable law in effect on the date hereof,
                                         no taxes will be required to be withheld by the Certificate Registrar (or its agent)
                                         with respect to distributions to be made on the Certificate. The Purchaser has attached
                                         hereto [(i) a duly executed IRS Form W-8BEN or IRS Form W-8BEN-E (or successor form,
                                         as applicable), which identifies such Purchaser as the beneficial owner of the Certificate
                                         and states that such Purchaser is not a U.S. Tax Person, (ii) IRS Form W-8IMY (with all
                                         appropriate attachments) or (iii)]*** two duly executed copies of IRS
                                         Form W-8ECI (or successor form), which identify such Purchaser as the beneficial owner
                                         of the Certificate and state that interest and original issue discount on the Certificate
                                         and Permitted Investments is, or is expected to be, effectively connected with a U.S.
                                         trade or business. The Purchaser agrees to provide to the Certificate Registrar updated
                                         [IRS Form W-8BEN, IRS Form W-8BEN-E, IRS Form W-8IMY or]*** IRS Form W-8ECI, [as the
                                         case may be,]*** any applicable successor IRS forms, or such other certifications as
                                         the Certificate Registrar may reasonably request, on or before the date that any such
                                         IRS form or certification expires or becomes obsolete, or promptly after the occurrence
                                         of any event requiring a change in the most recent IRS form of certification furnished
                                         by it to the Certificate Registrar.

 

For
purposes of this paragraph 7, “U.S. Tax Person” means a citizen or resident of the United States, a corporation
or partnership (except to the extent provided in applicable Treasury Regulations) or other entity created or organized in, or
under the laws of, the United States, any State thereof or the District of Columbia, including any entity treated as a corporation
or partnership for federal income tax purposes, an estate whose income is subject to United States federal income tax regardless
of its source or a trust if a court within the United States is able to exercise primary supervision over the administration of
such trust, and one or more such U.S. Tax Persons have the authority to control all substantial decisions of such trust (or, to
the extent

 

 

 

**
Each Purchaser must include one of the two alternative certifications.

***
Does not apply to a transfer of Class R Certificates.

 

    Exhibit C-3

     

    

 

provided
in applicable Treasury Regulations, certain trusts in existence on August 20, 1996 that have elected to be treated as U.S. Tax
Persons).

 

	 	 	8.	Please make all payments due on the Certificates:****
	 	 	 	 
		☐	(a)
                                         	by wire transfer to the following account at
    a bank or entity in New York, New York, having appropriate facilities therefor:

	 	 	 	 
	Bank:	 
	ABA #:	 
	Account #:	 
	Attention:	 

 

		☐	(b)
                                         	by mailing a check or draft to the following
    address:

	 
	 
	 

 

9.       If
the Purchaser is purchasing a Class R Certificate, the Purchaser is not a partnership (including any entity treated as a partnership
for U.S. federal income tax purposes), any interest in which is owned, directly or indirectly, through one or more partnerships,
trusts or other pass-through entities by a Disqualified Non-U.S. Tax Person.

	 	 	 	 
	 	Very truly yours,	 
	 	 	 	 
	 	[The
    Purchaser]
	 	 	 	 
	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 

  

Dated:

 

 

****
Only to be filled out by Purchasers of Definitive Certificates. Please select (a) or (b). For holders of the Definitive Certificates,
wire transfers are only available if such holder’s Definitive Certificates have an aggregate Certificate Balance
or Notional Amount, as applicable, of at least U.S. $5,000,000.

 

    Exhibit C-4

     

    

 

EXHIBIT
D-1

 

Form
of Transferee Affidavit

 

[Date]

 

Wells
Fargo Bank, National Association

as Certificate Registrar

600
South 4th Street, 7th Floor

MAC
N9300-070

Minneapolis,
Minnesota 55479

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2019-B14
                                         (the “Certificates”) issued pursuant to the Pooling and Servicing
                                         Agreement (the “Pooling and Servicing Agreement”), dated as of November
                                         1, 2019, between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor,
                                         Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer
                                         and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
                                         and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
                                         Reviewer. 

 

	STATE OF	)	 
	 	)	ss.:
	COUNTY OF	)	 
	 	 	 
	 	 	 

I,
[______], under penalties of perjury, declare that, to the best of my knowledge and belief, the following representations are
true, correct and complete, and being first sworn, depose and say that:

 

1.            I
am a [______] of [______] (the “Purchaser”), on behalf of which I have the authority to make this affidavit.

 

2.            The
Purchaser is acquiring Class R Certificates representing [__]% of the residual interest in each of the real estate mortgage investment
conduits (each, a “REMIC”) designated as the (i)  “Lower-Tier REMIC” and (ii) “Upper-Tier
REMIC”, respectively, relating to the Certificates for which an election is to be made under Section 860D of the
Internal Revenue Code of 1986 (the “Code”).

 

3.           
The Purchaser is not a “Disqualified Organization” (as defined below), and that the Purchaser is not acquiring
the Class R Certificates for the account of, or as agent or nominee of, or with a view to the transfer of direct or indirect record
or beneficial ownership thereof, to a Disqualified Organization. For the purposes hereof, a Disqualified Organization is any of
the following: (i) the United States, any State or political subdivision thereof, any possession of the United States or
any agency or instrumentality of any of the foregoing (other

 

    Exhibit D-1-1

    

    

 

than
an instrumentality which is a corporation if all of its activities are subject to tax and, except for Freddie Mac, a majority
of its board of directors is not selected by such governmental unit), (ii) a foreign government, any international organization
or any agency or instrumentality of any of the foregoing, (iii) any organization which is exempt from the tax imposed by
Chapter 1 of the Code (including the tax imposed by Section 511 of the Code on unrelated business taxable income) on any
excess inclusions (as defined in Section 860E(c)(1) of the Code) with respect to the Class R Certificates (except certain
farmers’ cooperatives described in Section 521 of the Code), (iv) rural electric and telephone cooperatives described
in Section 1381(a)(2)(C) of the Code and (v) any other Person so designated by the Trustee or the Certificate Administrator
based upon an Opinion of Counsel as provided to the Trustee or the Certificate Administrator (at no expense to the Trustee or
the Certificate Administrator) that the holding of an Ownership Interest in a Class R Certificate by such Person may cause any
Trust REMIC to fail to qualify as a REMIC at any time that the Certificates are outstanding or any Person having an Ownership
Interest in any Class of Certificates (other than such Person) to incur a liability for any federal tax imposed under the Code
that would not otherwise be imposed but for the Transfer of an Ownership Interest in a Class R Certificate to such Person. The
terms “United States,” “State” and “international organization” shall have the meanings set
forth in Section 7701 of the Code or successor provisions.

 

4.            The
Purchaser acknowledges that Section 860E(e) of the Code would impose a substantial tax on the transferor or, in certain circumstances,
on an agent for the transferee, with respect to any transfer of any interest in any Class R Certificates to a Disqualified Organization.

 

5.            The
Purchaser is a Permitted Transferee and, to the extent applicable, the Purchaser’s U.S. taxpayer identification number is
[__________].

 

6.            No
purpose of the acquisition of the Class R Certificates is to impede the assessment or collection of tax.

 

7.            The
Purchaser will not cause income from the Class R Certificate to be attributable to a foreign permanent establishment or fixed
base, within the meaning of an applicable income tax treaty, of the Purchaser or any other person.

 

8.            Check
the applicable paragraph:

 

☐           The
present value of the anticipated tax liabilities associated with holding the Class R Certificate, as applicable, does not exceed
the sum of:

 

(i)           the
present value of any consideration given to the Purchaser to acquire such Class R Certificate;

 

(ii)          the
present value of the expected future distributions on such Class R Certificate; and

 

(iii)         the
present value of the anticipated tax savings associated with holding such Class R Certificate as the related REMIC generates losses.

 

    Exhibit D-1-2

    

    

 

For
purposes of this calculation, (i) the Purchaser is assumed to pay tax at the corporate income tax rate (but the tax rate
in Section 55(b)(1)(B) of the Code may be used instead if the Purchaser has been subject to the alternative minimum
tax under Section 55 of the Code in the preceding two years and will compute its taxable income in the current taxable year
using the alternative minimum tax rate) and (ii) present values are computed using a discount rate equal to the short-term
Federal rate prescribed by Section 1274(d) of the Code for the month of the transfer and the compounding period used by the
Purchaser.

 

☐          The
transfer of the Class R Certificate complies with U.S. Treasury Regulations Sections 1.860E-1(c)(5) and (6) and, accordingly,

 

(i)           the
Purchaser is an “eligible corporation,” as defined in U.S. Treasury Regulations Section 1.860E-1(c)(6)(i), as
to which income from the Class R Certificate will only be taxed in the United States;

 

(ii)          at
the time of the transfer, and at the close of the Purchaser’s two fiscal years preceding the year of the transfer, the Purchaser
had gross assets for financial reporting purposes (excluding any obligation of a person related to the Purchaser within the meaning
of U.S. Treasury Regulations Section 1.860E-1(c)(6)(ii)) in excess of $100 million and net assets in excess of $10 million;

 

(iii)         the
Purchaser will transfer the Class R Certificate only to another “eligible corporation,” as defined in Treasury Regulations
Section 1.860E-1(c)(6)(i), in a transaction that satisfies the requirements of Sections 1.860E-1(c)(4)(i), (ii) and
(iii) and Treasury Regulations Section 1.860E-1(c)(5); and

 

(iv)         the
Purchaser determined the consideration paid to it to acquire the Class R Certificate based on reasonable market assumptions (including,
but not limited to, borrowing and investment rates, prepayment and loss assumptions, expense and reinvestment assumptions, tax
rates and other factors specific to the Purchaser) that it has determined in good faith.

 

☐           None
of the above.

 

9.            The
Purchaser historically has paid its debts as they have come due and intends to pay its debts as they come due in the future and
the Purchaser intends to pay taxes associated with holding the Class R Certificates as they become due.

 

10.          The
Purchaser understands that it may incur tax liabilities with respect to the Class R Certificate in excess of any cash flows generated
by such Certificate.

 

11.          The
Purchaser is aware that the Certificate Registrar will not register any transfer of a Class R Certificate by the Transferor unless
the Purchaser, or such Purchaser’s agent, delivers to the Certificate Registrar, among other things, an affidavit and agreement
in substantially the same form as this affidavit and agreement. The Purchaser expressly agrees that it will not consummate any
such transfer if it knows or believes that any representation contained in such affidavit and agreement is false.

 

    Exhibit D-1-3

    

    

 

12.          The
Purchaser represents that it is not acquiring the Class R Certificate as a nominee, trustee or agent for any person that is not
a Permitted Transferee and that for so long as it retains its interest in the Class R Certificate, it will endeavor to remain
a Permitted Transferee.

 

13.          The
Purchaser consents to any additional restrictions or arrangements that shall be deemed necessary upon advice of counsel to constitute
a reasonable arrangement to ensure that the Class R Certificate will only be owned, directly or indirectly, by a Permitted Transferee.

 

14.          The
Purchaser has reviewed the provisions of Section 5.03 of the Pooling and Servicing Agreement, a description of which provisions
is set forth in the Class R Certificates; and the Purchaser expressly agrees to be bound by and to comply with such provisions.

 

15.          The
Purchaser consents to the designation of the Certificate Administrator as the “partnership representative” of each
Trust REMIC pursuant to Section 10.01 of the Pooling and Servicing Agreement.

 

Capitalized
terms used but not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

IN
WITNESS WHEREOF, the Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized officer this
___day of _________, 20__.

	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit D-1-4

    

    

 

On
this ____ day of _______20__, before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned
and sworn, personally appeared ______________________ and ________________________, known or proved to me to be the same persons
who executed the foregoing instrument and to be _____________________________ and ___________________________, respectively, of
the Purchaser, and acknowledged to me that they executed the same as their respective free acts and deeds and as the free act
and deed of the Purchaser.

 

	 	NOTARY
    PUBLIC in and for the

    State of _______________

 

	[SEAL]	 
	 	 
	My Commission expires:	 
	 	 

                           
	 

  

    Exhibit D-1-5

    

    

 

EXHIBIT
D-2

 

FORM
OF TRANSFEROR LETTER

 

[Date]

 

Wells
Fargo Bank, National Association

as Certificate Registrar

600
South 4th Street, 7th Floor

MAC
N9300-070

Minneapolis,
Minnesota 55479

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14
                                         (the “Certificates”)

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the
“Transferee”) of Class R Certificates evidencing a [__]% Percentage Interest in such Class (the “Residual
Certificates”). The Certificates, including the Residual Certificates, were issued pursuant to the Pooling and Servicing
Agreement, dated as of November 1, 2019 (the “Pooling and Servicing Agreement”), between J.P. Morgan Chase
Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master
Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Pentalpha
Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer. All capitalized terms used but not otherwise defined
herein shall have the respective meanings set forth in the Pooling and Servicing Agreement. The Transferor hereby certifies, represents
and warrants to you, as Certificate Registrar, that:

 

(1)          No
purpose of the Transferor relating to the transfer of the Residual Certificates by the Transferor to the Transferee is or will
be to impede the assessment or collection of any tax.

 

(2)          The
Transferor understands that the Transferee has delivered to you a Transferee Affidavit and Agreement in the form attached to the
Pooling and Servicing Agreement as Exhibit D-1. The Transferor does not know or believe that any representation contained
therein is false.

 

(3)          The
Transferor has at the time of this transfer conducted a reasonable investigation of the financial condition of the Transferee
as contemplated by Treasury regulation Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Transferor
has determined that the Transferee has historically paid its debts as they became due and has found no significant evidence to
indicate that the Transferee will not continue to pay its debts as they become due in the future. The Transferor understands that
the transfer of the Residual Certificates may not be

 

    Exhibit D-2-1

    

    

 

respected
for United States income tax purposes (and the Transferor may continue to be liable for United States income taxes associated
therewith) unless the Transferor has conducted such an investigation.

 

	 	Very truly yours,
	 	 	 
	 	 	(Transferor)
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit D-2-2

    

    

 

EXHIBIT
D-3

 

Form
of Transferee CERTIFICATE FOR TRANSFERS 

OF THE VRR INTEREST

 

[Date]

 

Wells
Fargo Bank, National Association

as
Certificate Administrator

9062
Old Annapolis Road

Columbia,
Maryland 21045

Attention: Risk Retention Custody (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

German
American Capital Corporation

60 Wall Street

New York, New York 10005

Attention: Lainie Kaye

 

J.P.
Morgan Chase Commercial Mortgage Securities Corp.

383
Madison Avenue, 8th Floor

New
York, New York 10179

Attention:
Kunal K. Singh

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14
                                         (the “Certificates”) issued pursuant to the Pooling and Servicing
                                         Agreement (the “Pooling and Servicing Agreement”), dated as of November
                                         1, 2019, between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor,
                                         Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer
                                         and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
                                         and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
                                         Reviewer

 

[_____]
(the “Purchaser”) hereby certifies, represents and warrants to you, as Certificate Registrar, as “retaining
sponsor” as such term is defined in the Risk Retention Rule or as Depositor that:

 

		1.	The
                                         Purchaser is acquiring $[_____] Certificate Balance of the [Pooled VRR Interest][Class
                                         225B-VRR Interest Certificates] (the “Retained Certificates”), from
                                         [_____] (the “Transferor”).

 

		2.	The
                                         Purchaser is aware that the Certificate Registrar will not register any transfer of a
                                         Retained Certificate by the Transferor unless the Purchaser, or such Purchaser’s
                                         agent, delivers to the Certificate Registrar, among other things, a certificate in substantially
                                         the same form as this certificate. The Purchaser expressly agrees that it will not 

  

    Exhibit D-3-1

    

    

 

	 	 	consummate
                                         any such transfer if it knows or believes that any representation contained in such certificate
                                         is false.

 

		3.	Any
                                         transfer of a Retained Certificate to (i) a Plan subject to ERISA or Section 4975 of
                                         the Code relying on Prohibited Transaction Exemption 2002-19 or (ii) an insurance company
                                         general account relying on Sections I and III of PTCE 95-60 will be effected through
                                         J.P. Morgan Securities LLC, Deutsche Bank Securities, Inc., Citigroup Global Markets
                                         Inc., Drexel Hamilton, LLC or Academy Securities, Inc.

 

		4.	Check
                                         one of the following:

 

☐            The
Purchaser certifies, represents and warrants to the Certificate Registrar, the “retaining sponsor” as such term is
defined in the Risk Retention Rule or the Depositor that the transfer will occur during the Transfer Restriction Period and that
the transfer will comply with all applicable requirements of the Risk Retention Rule.

 

☐             The
Purchaser certifies, represents and warrants to you, as Certificate Registrar, as “retaining sponsor” as such term
is defined in the Risk Retention Rule or as Depositor, that the transfer will occur after the termination of the Transfer Restriction
Period.

 

Capitalized
terms used but not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

IN
WITNESS WHEREOF, the Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this [__] day of [____], 20[__].

	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

The
foregoing certificate is hereby confirmed, and the transfer is accepted, as of the date first above written:

 

GERMAN
AMERICAN CAPITAL CORPORATION

	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

    Exhibit D-3-2

    

    

 

EXHIBIT
D-4

 

FORM
OF TRANSFEROR CERTIFICATE FOR TRANSFERS 

OF THE VRR INTEREST

 

[Date]

 

Wells
Fargo Bank, National Association

as
Certificate Administrator

9062
Old Annapolis Road

Columbia,
Maryland 21045

Attention: Risk Retention Custody (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

German
American Capital Corporation

60 Wall Street

New York, New York 10005

Attention: Lainie Kaye

 

J.P.
Morgan Chase Commercial Mortgage Securities Corp.

383
Madison Avenue, 8th Floor

New
York, New York 10179

Attention:
Kunal K. Singh

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14
                                         (the “Certificates”)

 

Ladies
and Gentlemen:

 

This
is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the “Transferee”)
of $[_____] Certificate Balance of the [Pooled VRR Interest][Class 225B-VRR Interest Certificates] (the “Retained Certificates”).
The Certificates were issued pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer. All capitalized terms used but not otherwise defined herein shall have the respective meanings set forth in the Pooling
and Servicing Agreement. The Transferor hereby certifies, represents and warrants to you that:

 

		1.	The
                                         transfer is in compliance with Sections 5.01, 5.02 and 5.03 of the Pooling and Servicing
                                         Agreement.

 

		2.	Any
                                         transfer of a Certificate evidencing a Retained Certificate to (i) a Plan subject to
                                         ERISA or Section 4975 of the Code relying on Prohibited Transaction Exemption 2002-19
                                         or (ii) an insurance company general account relying on Sections I and III of

 

    Exhibit D-4-1

    

    

 

	 	 	PTCE
                                         95-60 will be effected through J.P. Morgan Securities LLC, Deutsche Bank Securities,
                                         Inc., Citigroup Global Markets Inc., Drexel Hamilton, LLC or Academy Securities, Inc.

 

		3.	Check
                                         one of the following:

 

		☐	The
                                         Transferor certifies, represents and warrants to the Certificate Registrar, the “retaining
                                         sponsor” as such term is defined in the Risk Retention Rule or the Depositor that
                                         the transfer will occur during the Transfer Restriction Period and that the transfer
                                         will comply with all applicable requirements of the Risk Retention Rule.

 

		☐	The
                                         Transferor certifies, represents and warrants to the Certificate Registrar or the Depositor
                                         that the transfer will occur after the termination of the Transfer Restriction Period.

 

		4.	The
                                         Transferor understands that the Transferee has delivered to you a Transferee Certificate
                                         in the form attached to the Pooling and Servicing Agreement as Exhibit D-3. The
                                         Transferor does not know or believe that any representation contained therein is false.

 

IN
WITNESS WHEREOF, the Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this [__] day of [____], 20[__].

 

	 	 	[TRANSFEROR]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

The
foregoing certificate is hereby confirmed, and the transfer is accepted, as of the date first above written:

 

GERMAN
AMERICAN CAPITAL CORPORATION

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

    Exhibit D-4-2

    

    

 

EXHIBIT
D-5

 

Form
of Transferee CERTIFICATE FOR TRANSFERS 

OF THE HRR Certificates

 

[Date]

 

Wells
Fargo Bank, National Association

    as Certificate Administrator

9062 Old Annapolis Road 

Columbia,
Maryland 21045

Attention: Risk Retention Custody (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

German
American Capital Corporation

60 Wall Street

New York, New York 10005

Attention: Lainie Kaye

 

J.P.
Morgan Chase Commercial Mortgage Securities Corp. 

383
Madison Avenue, 8th Floor 

New
York, New York 10179 

Attention:
Kunal K. Singh

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14
                                         (the “Certificates”) issued pursuant to the Pooling and Servicing
                                         Agreement (the “Pooling and Servicing Agreement”), dated as of November
                                         1, 2019, between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor,
                                         Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer
                                         and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
                                         and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
                                         Reviewer

 

[_____]
(the “Purchaser”) hereby certifies, represents and warrants to you, as Certificate Registrar, as “retaining
sponsor” as such term is defined in the Risk Retention Rule or as Depositor that:

 

		1.	The
                                         Purchaser is acquiring (the “Transfer”) $[_____] aggregate Certificate
                                         Balance of the Class [F-RR][G-RR][NR-RR] Certificates (the “HRR Certificates”),
                                         from [_____] (the “Transferor”).

 

		2.	The
                                         Purchaser is aware that the Certificate Registrar will not register any transfer of any
                                         portion of the HRR Certificates by the Transferor unless the Purchaser, or such Purchaser’s
                                         agent, delivers to the Certificate Registrar, among other things, a certificate in substantially
                                         the same form as this certificate. The Purchaser expressly

 

     Exhibit D-5-1

     

    

 

agrees
that it will not consummate any such transfer if it knows or believes that any representation contained in such certificate is
false.

 

		3.	The
                                         Transfer is in compliance with any applicable credit risk retention agreement in effect
                                         between the Retaining Sponsor and the Transferor (the “Risk Retention Agreement”).

 

		4.	Check
                                         one of the following:

 

☐          The
Purchaser certifies, represents and warrants to each of the addressees hereto that:

 

		A.	It
                                         is a “majority-owned affiliate”, as such term is defined in the Risk Retention
                                         Rule, of the Transferor (a “Majority-Owned Affiliate”).

 

		B.	It
                                         is not acquiring the HRR Certificates as a nominee, trustee or agent for any person that
                                         is not a Majority-Owned Affiliate, and that for so long as it retains its interest in
                                         the HRR Certificates, it will remain a Majority-Owned Affiliate.

 

		C.	It
                                         will deliver a joinder agreement substantially in the form attached to the Risk Retention
                                         Agreement pursuant to which it has agreed to be bound by the terms of the Risk Retention
                                         Agreement to the same extent as if it was the Transferor itself.

 

☐          The Transfer will occur on and after the fifth anniversary of the Closing Date, and
the Purchaser certifies, represents and warrants to each of the addressees hereto that:

 

		A.	It
                                         will execute and deliver to the Retaining Sponsor a new credit risk retention agreement
                                         in accordance with the Risk Retention Agreement.

 

		B.	If
                                         required by the Retaining Sponsor, an affiliate of the Purchaser will execute and deliver
                                         a guaranty, if required under the Risk Retention Agreement.

 

		C.	It
                                         will comply with any additional requirements and satisfy any additional conditions set
                                         forth under the Risk Retention Agreement applicable to the Transfer and the Purchaser
                                         as a subsequent Third Party Purchaser.

 

☐          The Transfer will occur after the termination of the Transfer Restriction Period.

 

Capitalized
terms used but not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

IN
WITNESS WHEREOF, the Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this [__] day of [____], 20[__].

 

     Exhibit D-5-2

     

    

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

The
foregoing certificate is hereby confirmed, and the transfer is accepted, as of the date first above written:

 

GERMAN
AMERICAN CAPITAL CORPORATION

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

     Exhibit D-5-3

     

    

 

EXHIBIT
D-6

 

FORM
OF TRANSFEROR CERTIFICATE FOR TRANSFERS 

OF THE HRR Certificates

 

[Date]

 

Wells
Fargo Bank, National Association

as Certificate Administrator

9062 Old Annapolis Road 

Columbia,
Maryland 21045

Attention: Risk Retention Custody (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

German
American Capital Corporation

60 Wall Street

New York, New York 10005

Attention: Lainie Kaye

 

J.P.
Morgan Chase Commercial Mortgage Securities Corp. 

383
Madison Avenue, 8th Floor 

New
York, New York 10179 

Attention:
Kunal K. Singh

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14
                                         (the “Certificates”)

 

Ladies
and Gentlemen:

 

This
is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the “Transferee”)
of $[_____] Certificate Balance of the Class [F-RR][G-RR][NR-RR] Certificates (the “HRR Certificates”). The
Certificates were issued pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer. All capitalized terms used but not otherwise defined herein shall have the respective meanings set forth in the Pooling
and Servicing Agreement. The Transferor hereby certifies, represents and warrants to you that:

 

		1.	The
                                         Transfer is in compliance with any applicable credit risk retention agreement in effect
                                         between the Retaining Sponsor and the Transferor (the “Risk Retention Agreement”)
                                         and the Pooling and Servicing Agreement.

 

		2.	Check
                                         one of the following:

 

     Exhibit D-6-1

     

    

 

☐
       The Transferor certifies, represents and warrants to you that:

 

		A.	The
                                         Transferee is a “majority-owned affiliate”, as such term is defined in the
                                         Risk Retention Rule, of the Transferor (a “Majority-Owned Affiliate”).

 

		B.	The
                                         Transferor has satisfied all of the conditions under the Risk Retention Agreement applicable
                                         to transfers by the Transferor to a Majority-Owned Affiliate.

 

☐
       The Transfer will occur on and after the fifth anniversary of the Closing Date, and
the Transferor certifies, represents and warrants to you that:

 

		A.	The
                                         Transferor has satisfied all of the conditions under the Risk Retention Agreement applicable
                                         to transfers by the Transferor to subsequent Third Party Purchasers.

 

☐
       The Transfer will occur after the termination of the Transfer Restriction Period.

 

		3.	The
                                         Transferor certifies, represents and warrants to you that the Transferor has provided
                                         notice of the Transfer to the Retaining Sponsor and [check one of the following]:

 

☐
       The Retaining Sponsor has consented to the Transfer, a copy of which is attached hereto.

 

☐
       At least ten (10) Business Days have passed since the Retaining Sponsor’s receipt
of such written notice, and the Retaining Sponsor has not responded to the Transferor.

 

		4.	The
                                         Transferor understands that the Transferee has delivered to you a Transferee Certificate
                                         in the form attached to the Pooling and Servicing Agreement as Exhibit D-5. The
                                         Transferor does not know or believe that any representation contained therein is false.

 

IN
WITNESS WHEREOF, the Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this [__] day of [____], 20[__].

 

	 	 	[TRANSFEROR]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

The
foregoing certificate is hereby confirmed, and the transfer is accepted, as of the date first above written:

 

     Exhibit D-6-2

     

    

 

GERMAN
AMERICAN CAPITAL CORPORATION

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

     Exhibit D-6-3

     

    

 

EXHIBIT
E

 

FORM
OF REQUEST FOR RELEASE

(for Custodian)

 

	Loan Information
	 
	 	Name of Mortgagor:	
	 	 	 
	 	[Master Servicer]	
	 	[Special
        Servicer]

        Loan
        No.:
	 
	 
	Custodian
	 	 	 
	 	Name:	Wells Fargo Bank, National Association
	 	 	 
	 	Address:	1055 10th Avenue SE

    Minneapolis, MN 55414

    Attention:  Corporate Trust Services (CMBS)

    Benchmark 2019-B14 Mortgage Trust
	 	 	 
	 	Custodian/Trustee

                                                                                Mortgage
                                         File No.:
	
	 
	Depositor
	 
	 	Name:	J.P. Morgan Chase Commercial Mortgage Securities
    Corp.
	 	 	 
	 	Address:	383
        Madison Avenue, 8th Floor, New York, New York 10179, Attention: Kunal K. Singh

         

	 	 	 
	 	Certificates:	Benchmark 2019-B14 Mortgage Trust, Commercial
    Mortgage Pass-Through Certificates, Series 2019-B14

 

The
undersigned [Master Servicer] [Special Servicer] hereby requests delivery from Wells Fargo Bank, National Association, as custodian
(the “Custodian”) on behalf of Wells Fargo Bank, National Association, as trustee (the “Trustee”),
for the Holders of Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14, the documents
referred to below (the “Documents”). All capitalized terms not otherwise defined in this Request for Release
shall have the meanings given them in the Pooling and Servicing Agreement dated as of November 1, 2019, between J.P. Morgan Chase
Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master
Servicer and as Special Servicer, Wells Fargo Bank, National

 

     Exhibit E-1-1

     

    

 

Association,
as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer (the “Pooling and Servicing Agreement”).

 

	 	( )	 	 
	 	 	 	 
	 	( )	 	 
	 	 	 	 
	 	( )	 	 
	 	 	 	 
	 	( )	 	 
	 	 	 	 

 

The
undersigned [Master Servicer] [Special Servicer] hereby acknowledges and agrees as follows:

 

(1)       The
[Master Servicer] [Special Servicer] shall hold and retain possession of the Documents in trust for the benefit of the Trustee,
solely for the purposes provided in the Pooling and Servicing Agreement.

 

(2)       The
[Master Servicer] [Special Servicer] shall not cause or permit the Documents to become subject to, or encumbered by, any claims,
liens, security interests, charges, writs of attachment or other impositions nor shall the [Master Servicer] [Special Servicer]
assert or seek to assert any claims or rights of set-off to or against the Documents or any proceeds thereof except as otherwise
provided in the Pooling and Servicing Agreement.

 

(3)       The
[Master Servicer] [Special Servicer] shall return the Documents to the Custodian when the need therefor no longer exists, unless
the Mortgage Loans and/or Trust Subordinate Companion Loan have been liquidated or the Mortgage Loans and/or Trust Subordinate
Companion Loan have been paid in full and the proceeds thereof have been remitted to the Collection Account except as expressly
provided in the Pooling and Servicing Agreement.

 

(4)       The
Documents and any proceeds thereof, including proceeds of proceeds, coming into the possession or control of the [Master Servicer]
[Special Servicer] shall at all times be earmarked for the account of the Trustee, and the [Master Servicer] [Special Servicer]
shall keep the Documents separate and distinct from all other property in the [Master Servicer’s] [Special Servicer’s]
possession, custody or control.

 

	 	[____________]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Date:
_________

 

     Exhibit E-1-2

     

    

 

EXHIBIT
F-1

 

FORM
OF ERISA REPRESENTATION

LETTER REGARDING ERISA RESTRICTED CERTIFICATES (OTHER THAN CLASS R AND CLASS S CERTIFICATES)

 

Wells
Fargo Bank, National Association

as
Certificate Registrar

600
South 4th Street, 7th Floor

MAC
N9300-070

Minneapolis,
Minnesota 55479

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

J.P. Morgan
Chase Commercial Mortgage Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Real Estate Structured Finance – Securitization Group

 

		Re:	Transfer
                                         of Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
                                         Series 2019-B14

 

Ladies
and Gentlemen:

 

The undersigned (the
“Purchaser”) proposes to purchase US$[___] initial [aggregate] Certificate Balance in the Benchmark 2019-B14
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14, Class [F-RR][G-RR][NR-RR][225B-C][225B-D][225B-E]
Certificates issued pursuant to that certain Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling
and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National
Association, as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer. Capitalized terms used and not otherwise defined herein have the respective meanings ascribed to such terms in the Pooling
and Servicing Agreement.

 

In
connection with such transfer, the undersigned hereby represents and warrants to you as follows:

 

1.            The
Purchaser is not and will not become (a) an employee benefit plan or other plan subject to the fiduciary responsibility provisions
of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or to Section 4975 of the Internal
Revenue Code of 1986, as amended (the “Code”), or a governmental plan (as defined in Section 3(32) of ERISA)
or other plan subject to any federal, state or local law (“Similar Law”) which is, to a material extent, similar
to the foregoing provisions of ERISA or the Code (each a “Plan”) or (b) a person acting on behalf of or using
the assets of any such Plan (including an entity whose underlying

 

    Exhibit F-1-1

    

    

 

assets include Plan assets
by reason of investment in the entity by such a Plan or Plans and the application of Department of Labor Regulation § 2510.3
101, as modified by Section 3(42) of ERISA), other than an insurance company using the assets of its “insurance company
general account” (as such term is defined in Section V(e) of Prohibited Transaction Class Exemption (“PTCE”)
95-60) under circumstances whereby the purchase and holding of Certificates by such insurance company will be exempt from the
prohibited transaction provisions of ERISA and the Code under Sections I and III of PTCE 95-60 (or, with respect to a Plan subject
to Similar Law, where the purchase, holding and disposition of Certificates by such Plan will not constitute or result in a non-exempt
violation of applicable Similar Law).

 

2.       The
Purchaser understands that if the Purchaser is a Person referred to in 1(a) or (b) above, such Purchaser is required to provide
to the Trustee and Certificate Administrator an Opinion of Counsel in form and substance satisfactory to the Trustee and Certificate
Administrator and the Depositor to the effect that the acquisition and holding of such Certificate by such purchaser or transferee
will not constitute or result in a non-exempt “prohibited transaction” within the meaning of ERISA or Section 4975
of the Code or a non-exempt violation of any Similar Law, and will not subject the Trustee, the Certificate Administrator, the
Master Servicer, the Special Servicer (including, for the avoidance of doubt, any Excluded Special Servicer), any sub-servicer,
the Initial Purchasers, the Underwriters, the Loan-Specific Initial Purchaser, the Operating Advisor, the Asset Representations
Reviewer or the Depositor to any obligation or liability (including obligations or liabilities under ERISA, Section 4975 of the
Code or any such Similar Law) in addition to those set forth in the Pooling and Servicing Agreement, which Opinion of Counsel
shall not be at the expense of the Depositor, the Master Servicer, the Special Servicer (including, for the avoidance of doubt,
any Excluded Special Servicer), any sub-servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Initial Purchasers, the Underwriters, the Loan-Specific Initial Purchaser or the Trust Fund.

 

IN
WITNESS WHEREOF, the Purchaser hereby executes this ERISA Representation Letter on the ___ day of _____________, 20__.

 

 

	 	Very truly yours,
	 	 
	 	[The
    Purchaser]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Date:
_________

 

    Exhibit F-1-2

    

    

 

EXHIBIT
F-2

 

Form
of ERISA Representation Letter

regarding Class [S][R] Certificates

 

[Date]

 

Wells
Fargo Bank, National Association,

as Certificate Registrar

600 South 4th Street, 7th Floor

MAC
N9300-070

Minneapolis,
Minnesota 55479

Attention:
Corporate Trust Services (CMBS)

Benchmark
2019-B14 Mortgage Trust

 

[Transferor]

[______]

[______]

Attention:
[______]

 

		Re:	Benchmark
    2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14

 

Ladies
and Gentlemen:

 

The
undersigned (the “Purchaser”) proposes to purchase [__]% Percentage Interest in the Benchmark 2019-B14 Mortgage
Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14, Class [S][R]
Certificates (the “Class [S][R] Certificate”) issued pursuant to that certain Pooling and Servicing Agreement
dated as of November 1, 2019 (the “Pooling and Servicing Agreement”), between J.P. Morgan Chase Commercial
Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer
and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Pentalpha Surveillance
LLC, as Operating Advisor and as Asset Representations Reviewer. Capitalized terms used and not otherwise defined herein have
the respective meanings ascribed to such terms in the Pooling and Servicing Agreement.

 

In
connection with such transfer, the undersigned hereby represents and warrants to you that, with respect to the Class [S][R] Certificate,
the Purchaser is not and will not become an employee benefit plan or other plan subject to the fiduciary responsibility provisions
of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or to Section 4975 of the Internal
Revenue Code of 1986, as amended (the “Code”), or a governmental plan (as defined in Section 3(32) of ERISA)
or other plan that is subject to any federal, state or local law that is, to a material extent, similar to the foregoing provisions
of ERISA or the Code (“Similar Law”) (each, a “Plan”), or any person acting on behalf of
any such Plan or using the assets of a Plan (including an entity whose underlying assets include Plan assets by reason of investment
in

 

    Exhibit F-2-1

    

    

 

the
entity by such Plan and the application of Department of Labor Regulation § 2510.3-101, as modified by Section 3(42) of ERISA)
to purchase such Class [S][R] Certificate.

 

IN
WITNESS WHEREOF, the Purchaser hereby executes this ERISA Representation Letter on the ___ day of _____, 20__.

 

	 	Very truly yours,
	 	 
	 	[The Purchaser]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit F-2-2

    

    

 

EXHIBIT
G

 

FORM
OF DISTRIBUTION DATE STATEMENT

 

 

    Exhibit G-1

     

    

 

 

 

 

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 
	 	 	 	 	DISTRIBUTION
    DATE STATEMENT	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	Table
    of Contents	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	STATEMENT
    SECTIONS	PAGE(s)	 	 	 
	 	 	 	 	Certificate Distribution Detail	2	 	 	 
	 	 	 	 	Certificate Factor Detail	3	 	 	 
	 	 	 	 	Reconciliation Detail	4	 	 	 
	 	 	 	 	Other Required Information	5	 	 	 
	 	 	 	 	Cash Reconciliation Detail	6	 	 	 
	 	 	 	 	Current Mortgage Loan and Property Stratification
    Tables	7 - 9	 	 	 
	 	 	 	 	Mortgage Loan Detail	10	 	 	 
	 	 	 	 	NOI Detail	11	 	 	 
	 	 	 	 	Principal Prepayment Detail	12	 	 	 
	 	 	 	 	Historical Detail	13	 	 	 
	 	 	 	 	Delinquency Loan Detail	14	 	 	 
	 	 	 	 	Specially Serviced Loan Detail	15 - 16	 	 	 
	 	 	 	 	Advance Summary	17	 	 	 
	 	 	 	 	Modified Loan Detail	18	 	 	 
	 	 	 	 	Historical Liquidated Loan Detail	19	 	 	 
	 	 	 	 	Historical Bond / Collateral Realized Loss Reconciliation	20	 	 	 
	 	 	 	 	Interest Shortfall Reconciliation Detail	21 - 22	 	 	 
	 	 	 	 	Supplemental Reporting	23	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Depositor	 	 	 	Master Servicer	 	 	 	Special Servicer	 	 	 	Asset
    Representations 

Reviewer/Operating Advisor	 	 
	 	 	

J.P.
Morgan Chase Commercial
Mortgage Securities Corp.
383
Madison Avenue
8th Floor
New
York, NY 10179 

 

Contact:  Kunal
Singh

Phone Number:      (212) 834-5467
	 	 	 	Midland
                                         Loan Services, a Division 

                                         of PNC Bank, National

                                         10851 Mastin Street
Building
                                         82, Suite 300
Overland
                                         Park, KS 66210 

                                                                                                                                        

                                                                                                                                       Contact:    Heather
                                         Wagner
Phone
                                         Number:    (913) 253-9570

	 	 	 	Midland
                                         Loan Services, a Division
of
                                         PNC Bank, National Association
10851 Mastin Street

                                         Building 82, Suite 300

                                         Overland Park, KS 66210 

                                                                                                                                               

                                                                                                                                              Contact:  Heather
                                         Wagner

                                         Phone Number:    (913)
                                         253-9570
	 	 	 	Pentalpha
                                         Surveillance LLC
375
                                         North French Road
Suite
                                         100
Amherst, NY 14228

                                                                                                                      

                                                                                                                      

                                                                                                                     Contact:
                                           Don Simon
Phone
                                         Number:    (203) 660-6100
	 	 
	 	This report is compiled by Wells Fargo Bank, N.A. from information provided by third parties. Wells Fargo
Bank, N.A. has not independently confirmed the accuracy of the information.	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Please visit www.ctslink.com for additional information and if applicable, any special notices
and any credit risk retention notices. In addition, certificateholders may register online for email notification when special
notices are posted. For information or assistance please call 866-846-4526.	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

  

     Page 1 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Certificate
    Distribution Detail	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Class	 	 CUSIP	 	Pass-Through

    Rate	 	Original

    Balance	 	Beginning

    Balance	 	Principal

    Distribution	 	Interest

    Distribution	 	Prepayment

    Premium	 	Realized
    Loss/
 Additional Trust

    Fund Expenses	Total

    Distribution	Ending

    Balance	Current

     Subordination

    Level (1)	 	 
	 	 	A-1	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	A-2	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	A-3	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	A-4	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	A-5	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	A-SB	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	A-S	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	B	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	C	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	D	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	E	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	F-RR	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	G-RR	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	NR-RR	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	S	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	R	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	VRR Interest	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	Totals	 	 	 	 	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Class	 	 CUSIP	 	Pass-Through

    Rate	Original

    Notional
 Amount	Beginning

    Notional

    Amount	 	Interest

    Distribution	 	Prepayment

    Premium	 	Total

    Distribution	Ending

    Notional

    Amount	 	 	 	 	 	 	 	 
	 	 	X-A	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 	 	 	 	 	 	 
	 	 	X-B	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 	 	 	 	 	 	 
	 	 	X-D	 	 	 	0.000000%	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	 	 	 	 	 	 	 
	 	 	(1)
                                         Calculated by taking (A) the sum of the ending certificate balance of all classes less (B) the sum of
(i) the ending balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate
to the designated class and dividing the result by (A).

 

 

 

	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 2 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Certificate
    Factor Detail
	 	 	 	 	 	 	 	 	 	 
	 	Class	CUSIP	Beginning

                                         Balance
	Principal

                                         Distribution
	Interest

                                         Distribution
	Prepayment

                                         Premium
	Realized
                                         Loss/

                                         Additional Trust

                                         Fund Expenses
	Ending

                                         Balance
	 
	 	 
	 	 
	 	A-1	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	A-2	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	A-3	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	A-4	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	A-5	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	A-SB	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	A-S	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	B	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	C	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	D	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	E	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	F-RR	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	G-RR	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	NR-RR	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	S	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	R	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	VRR Interest	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	 
	 	 	 	 	 	 	 	 	 	 
	 	Class	CUSIP	Beginning

        Notional

        Amount
	Interest

        Distribution
	Prepayment

        Premium
	Ending

        Notional

        Amount
	 	 	 
	 	 	 	 
	 	 	 	 
	 	X-A	 	0.00000000	0.00000000	0.00000000	0.00000000	 	 	 
	 	X-B	 	0.00000000	0.00000000	0.00000000	0.00000000	 	 	 
	 	X-D	 	0.00000000	0.00000000	0.00000000	0.00000000	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	

                    
	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 

 

     Page 3 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Reconciliation
    Detail	 	 
	 	 	Principal
    Reconciliation	 	 
	 	 	 	 	Stated
    Beginning 

    Principal Balance	 	Unpaid
    Beginning

    Principal Balance	 	Scheduled
    

    Principal	 	Unscheduled
    

Principal	 	Principal
    

Adjustments	 	Realized
    Loss	 	Stated
    Ending

    Principal Balance	 	Unpaid
    Ending

    Principal Balance	 	Current
    Principal

    Distribution Amount	 	 
	 	 	Total	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Certificate
    Interest Reconciliation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Class	 	Accrual

    Dates	 	Accrual

    Days	 	Accrued

    Certificate

    Interest	 	Net
    Aggregate

    Prepayment

    Interest Shortfall	 	Distributable

    Certificate

    Interest	 	Distributable

    Certificate Interest

    Adjustment	 	WAC
    CAP

    Shortfall	 	Interest
    

    Shortfall/(Excess)	 	Interest

    Distribution	 	Remaining
    Unpaid

    Distributable

    Certificate Interest	 	 
	 	 	A-1	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	A-2	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	A-3	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	A-4	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	A-5	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	A-SB	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	X-A	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	X-B	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	A-S	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	B	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	C	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	X-D	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	D	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	E	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	F-RR	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	G-RR	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	NR-RR	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	S	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00   	 	 
	 	 	VRR Interest	 	0	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00  	 	 
	 	 	Totals	 	 	 	0	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00	 	0.00  
    	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 4 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Other
    Required Information	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Available
    Distribution Amount (1)	 	    0.00	 		 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	    	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	Appraisal Reduction Amount	 	 	 	 
	 	 		 	 	 	 	Loan

    Number	 	 	Appraisal	 	 	Cumulative	 	 	Most
    Recent	 	 	 
	 	 	Gain-on-Sale
    Reserve Account Summary	 	 	 	 	 	 	Reduction	 	 	ASER	 	 	App.
                                         Reduction

	 	 	 
	 	 		 	 	 	 	 	 	Effected	 	 	Amount	 	 	Date	 	 	 
	 	 	Beginning
    Balance	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Deposit
    Amount	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Withdrawal
    Amount	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Ending
    Balance	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Controlling
    Class Information	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	Controlling Class:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	Effective
                                         as of: mm/dd/yyyy

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	Controlling Class Certificateholder:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	Effective
                                         as of: mm/dd/yyyy

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	Total	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	(1)
                    The Available Distribution Amount includes any Prepayment Premiums and Yield Maintenance Charges.
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 5 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	Cash
    Reconciliation Detail	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	Total Funds Collected	 	 	 	Total Funds Distributed	 	 	 
	 	 	 	 	 	 	 	 	 
	 	Interest:	 	 	 	Fees:	 	 	 
	 	Scheduled Interest	0.00	 	 	Master Servicing Fee - Midland Loan Services	0.00	 	 
	 	Interest reductions
    due to Nonrecoverability Determinations	0.00	 	 	Certificate Administrator/Trustee Fee - Wells Fargo Bank, N.A.	0.00	 	 
	 	Interest Adjustments	0.00	 	 	CREFC® Intellectual Property Royalty License Fee	0.00	 	 
	 	Deferred Interest	0.00	 	 	Operating Advisor Fee - Pentalpha Surveillance LLC	0.00	 	 
	 	ARD Interest	0.00	 	 	Asset Representations Reviewer Fee - Pentalpha Surveillance LLC	0.00	 	 
	 	Default Interest
    and Late Payment Charges	0.00	 	 	Total Fees	 	0.00	 
	 	Net Prepayment Interest
Shortfall	0.00	 	 	 	 	 	 
	 	Net Prepayment Interest
    Excess	0.00	 	 	 	 	 	 
	 	Extension Interest	0.00	 	 	Additional Trust
    Fund Expenses:	 		 
	 	Interest Reserve
    Withdrawal	0.00	 	 	Reimbursement for
    Interest on Advances	0.00		 
	 	Total Interest
    Collected	 	0.00	 	ASER Amount	0.00	 	 
	 	 	 	 	 	Special Servicing
    Fee	0.00	 	 
	 	Principal:	 	 	 	Attorney Fees &
    Expenses	0.00	 	 
	 	Scheduled Principal	0.00	 	 	Bankruptcy Expense	0.00	 	 
	 	Unscheduled Principal	0.00	 	 	Taxes Imposed on
    Trust Fund	0.00	 	 
	 	Principal Prepayments	0.00	 	 	Non-Recoverable Advances	0.00	 	 
	 	Collection of Principal
    after Maturity Date	0.00	 	 	Workout-Delayed Reimbursement
    Amounts	0.00	 	 
	 	Recoveries from
    Liquidation and Insurance Proceeds	0.00	 	 	Other Expenses	0.00	 	 
	 	Excess of Prior
    Principal Amounts paid	0.00	 	 	Total Additional
    Trust Fund Expenses		0.00	 
	 	Curtailments	0.00	 	 				 
	 	Negative Amortization	0.00	 	 				 
	 	Principal Adjustments	0.00	 	 	Interest Reserve
    Deposit	 	0.00	 
	 	Total Principal
    Collected		0.00 	 		 		 
	 	 	 	 	 	 	 	 	 
	 	Other:	 	 	 	Payments to Certificateholders
    & Others:	 	 	 
	 	Prepayment Penalties/Yield
    Maintenance Charges	0.00	 	 	Interest Distribution	0.00	 	 
	 	Repayment Fees	0.00	 	 	Principal Distribution	0.00	 	 
	 	Borrower Option Extension
    Fees	0.00	 	 	Prepayment Penalties/Yield
    Maintenance Charges 	0.00	 	 
	 	Excess Liquidation
    Proceeds	0.00	 	 	Borrower Option Extension
    Fees	0.00	 	 
	 	Net Swap Counterparty
    Payments Received	0.00	 	 	Net Swap Counterparty
    Payments Received	0.00	 	 
	 	Total Other Collected		0.00	 	Total Payments
    to Certificateholders & Others		0.00	 
	 	Total Funds Collected	 	0.00	 	Total Funds
    Distributed	 	0.00	 
	 	 	 	 	 	 	 	 	 

 

     Page 6 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Current
        Mortgage Loan and Property Stratification Tables

        Aggregate
        Pool
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Scheduled
    Balance	 	State
    (3)	 
	 	 	 	 	 
	 	Scheduled
    

    Balance	#
                                         of

        loans

        	Scheduled

        Balance

        	%
                                         of

        Agg.

        Bal.

        	WAM

        (2)

        	WAC	Weighted

        Avg
        DSCR (1)

        	 	State	#
                                         of

        Props.

        	Scheduled

        Balance

        	%
                                         of

        Agg.

        Bal.

        	WAM

        (2)

        	WAC	Weighted

        Avg
        DSCR (1)

        	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 	Totals	 	 	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 7 of 23

     

    
 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Current
    Mortgage Loan and Property Stratification Tables

    Aggregate Pool	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Debt
    Service Coverage Ratio	 	Property
    Type (3)	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Debt
    Service

    Coverage Ratio	#
    of

    loans	Scheduled

    Balance	%
    of

    Agg.

    Bal.	WAM

    (2)	WAC	Weighted

    Avg DSCR (1)	 	Property
    Type	#
    of

    Props.	Scheduled

    Balance	%
    of

    Agg.

    Bal.	WAM

    (2)	WAC	Weighted

    Avg DSCR (1)	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 	Totals	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Note
    Rate	 	Seasoning	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Note

    Rate	#
    of

    loans	Scheduled

    Balance	%
    of

    Agg.

    Bal.	WAM

    (2)	WAC	Weighted

    Avg DSCR (1)	 	Seasoning	#
    of

    loans	Scheduled

    Balance	%
    of

    Agg.

    Bal.	WAM

    (2)	WAC	Weighted

    Avg DSCR (1)	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 	Totals	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	See
    footnotes on last page of this section.	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 8 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Current
    Mortgage Loan and Property Stratification Tables

    Aggregate Pool	 
	 	 	 	 	 
	 	Anticipated
    Remaining Term (ARD and Balloon Loans)	 	Remaining
    Stated Term (Fully Amortizing Loans)	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Anticipated
    Remaining

    Term (2)	#
    of

    loans	Scheduled

    Balance	%
    of

    Agg.

    Bal.	WAM (2)	WAC	Weighted

    Avg DSCR (1)	 	Remaining
    Stated

    Term	#
    of

    loans	Scheduled

    Balance	%
    of

    Agg.

    Bal.	WAM

    (2)	WAC	Weighted

    Avg DSCR (1)	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 	Totals	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Remaining
    Amortization Term (ARD and Balloon Loans)	 	Age
    of Most Recent NOI	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Remaining
    Amortization

    Term	#
    of

    loans	Scheduled

    Balance	%
    of

    Agg.

    Bal.	WAM (2)	WAC	Weighted

    Avg DSCR (1)	 	Age
    of Most

    Recent NOI	#
    of

    loans	Scheduled

    Balance	%
    of

    Agg.

    Bal.	WAM

    (2)	WAC	Weighted

    Avg DSCR (1)	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 	Totals	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	

(1) Debt Service
Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the
most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the
offering document is used. The Trustee makes no representations as to the accuracy of the data provided by the borrower for this
calculation.

	 
	 	 	 
	 	(2) Anticipated
                     Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the
                     Anticipated Repayment Date, if applicable, and the Maturity Date. 

	 
	 	 	 
	 	(3) Data
                     in this table was calculated by allocating pro-rata the current loan information to the properties based
                     upon the Cut-Off Date balance of each property as disclosed in the offering document.

	 
	 	 	 
	 	The Scheduled Balance Totals reflect
    the aggregate balances of all pooled loans as reported in the CREFC Loan Periodic Update File. To the extent that the Scheduled
    Balance Total figure for the “State” and “Property” stratification tables is not equal to the sum
    of the scheduled balance figures for each state or property, the difference is explained by loans that have been modified
    into a split loan structure. The “State” and “Property” stratification tables do not include the balance
    of the subordinate note (sometimes called the B-piece or a “hope note”) of a loan that has been modified into
    a split-loan structure. Rather, the scheduled balance for each state or property only reflects the balance of the senior note
    (sometimes called the A-piece) of a loan that has been modified into a split-loan structure.	 
	 	 	 
	 	Note: There are no Hyper-Amortization
    Loans included in the Mortgage Pool.	 
	 	 	 	 	 

 

     Page 9 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Mortgage
    Loan Detail	 
	 	 	 
	 	Loan

    Number	ODCR
    	Property

    Type (1)	City	State	Interest

    Payment	Principal

    Payment	Gross

    Coupon	Anticipated
    

    Repayment

    Date	Maturity

    Date	Neg.

    Amort

    (Y/N)	Beginning

    Scheduled

    Balance	Ending

    Scheduled

    Balance	Paid

    Thru

    Date	Appraisal

    Reduction

    Date	Appraisal

    Reduction

    Amount	Res.

    Strat.

    (2)	Mod.

    Code

    (3)	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	(1)
    Property Type Code	(2)
    Resolution Strategy Code	(3)
    Modification Code
	 	 	 
	 	MF 	-	Multi-Family	SS

	-	Self Storage

	1	-	Modification	7	-	REO	11	-	Full Payoff	1	-	Maturity Date Extension	6	-	Capitalization on Interest	 
	 	RT 	-	Retail	98	-	Other

	2 	-	Foreclosure	8	-	Resolved	12 	 -	Reps and
    Warranties  	2	-	Amortization Change	7	-	Capitalization on Taxes	 
	 	HC	-	Health Care	SE	-	Securities

	3	-	Bankruptcy	9	-	Pending Return	13	-	TBD	3	-	Principal Write-Off	8	-	Other	 
	 	 IN	-	Industrial	CH	-	Cooperative
                                         Housing

	4	-	Extension			to Master Servicer	98	-	Other	4	-	Blank	9	-	Combination	 
	 	MH	-	Mobile Home Park	WH	-	Warehouse	5	-	Note Sale	10	- 	Deed in Lieu Of				5	-	Temporary Rate Reduction  	10	-	Forbearance

	 
	 	OF 	-	Office	ZZ

	-	Missing Information

	6	-	DPO

	 	 	Foreclosure

	 	 	 	 	 	 	 	 	 	 
	 	MU

	-	Mixed Use

	SF	-	Single Family

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	LO

	-	Lodging	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 10 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 
	 	NOI
    Detail	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	Loan

    Number	ODCR	Property

    Type	City	State	Ending

    Scheduled

    Balance	Most

    Recent

    Fiscal NOI (1)	Most

    Recent

    NOI (1)	Most
    Recent

    NOI Start

    Date	Most
    Recent

    NOI End

    Date	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	Total	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	(1)
                                         The Most Recent Fiscal NOI and Most Recent NOI fields correspond to the financial data
                                         reported by the Master Servicer. An NOI of 0.00 means the Master Servicer did not report
                                         NOI figures in their loan level reporting.

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 11 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 
	 	Principal
    Prepayment Detail	 
	 	 	 	 	 	 	 	 	 
	 	Loan
    Number	Loan
    Group	Offering
    Document
Cross-Reference	Principal
    Prepayment Amount	Prepayment
    Penalties	 
	 	Payoff
    Amount	Curtailment
    Amount	Prepayment
    

    Premium	Yield
    Maintenance
Charge	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

     Page 12 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Historical
    Detail	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Delinquencies	Prepayments	Rate
    and Maturities	 
	 	Distribution	30-59
    Days	60-89
    Days	90
    Days or More	Foreclosure	REO	Modifications	Curtailments	Payoff	Next
    Weighted Avg.	WAM 	 
	 	Date	#	Balance	#	Balance	#	Balance	#	Balance	#	Balance	#	Balance	#	Amount 	#	Amount	Coupon	Remit	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Note: Foreclosure and REO Totals
    are excluded from the delinquencies.	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 13 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Delinquency
    Loan Detail	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Loan
    Number	Offering

    Document

    Cross-Reference	#
    of

    Months

    Delinq.	Paid
    Through

    Date	Current

    P & I

    Advances	Outstanding

    P & I

    Advances **	Status
    of

    Loan  (1)	Resolution

    Strategy

    Code  (2)	Servicing
Transfer
    Date	Foreclosure

    Date	Actual

    Principal

    Balance	Outstanding

    Servicing

    Advances	Bankruptcy

    Date	REO

    Date	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	(1)
    Status of Mortgage Loan	 	 	(2)
    Resolution Strategy Code	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	A	-	Payment Not Received	0	-  Current	4	-	 Performing Matured Balloon

	1	-	 Modification	7	-	 REO	11	-	 Full Payoff

	 	 
	 	 	 	 	But Still in Grace Period	1	-  30-59 Days Delinquent	5 	-	 Non Performing Matured
    Balloon	2 	-	 Foreclosure	8	-	 Resolved	12	-	 Reps
    and Warranties	 	 
	 	 	 	 	Or Not Yet Due	2	-  60-89 Days Delinquent	6	-	 121+ Days Delinquent	3 	-	 Bankruptcy	9	-	 Pending Return	13	-	 TBD	 	 
	 	 	B	-	Late Payment But Less	3	-  90-120 Days Delinquent	 	 	 	4 	-	 Extension			to Master Servicer	98	-	 Other

	 	 
	 	 	 	 	Than 30 Days Delinquent	 	 	 	 	 	5 	-	 Note Sale	10	 -	 Deed
                                      In Lieu Of

				 	 
	 	 	** Outstanding P & I Advances
    include the current period advance.	6	-	 DPO	 	 	Foreclosure	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 14 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Specially
    Serviced Loan Detail - Part 1	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Loan

    Number	Offering

    Document

    Cross-Reference	Servicing

    Transfer

    Date	Resolution

    Strategy

    Code (1)	Scheduled

    Balance	Property

    Type (2)	State	Interest

    Rate	Actual

    Balance	Net

    Operating

    Income	DSCR

    Date	DSCR	Note

    Date	Maturity

    Date	Remaining

    Amortization

    Term	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	(1)
    Resolution Strategy Code	(2)
    Property Type Code	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	1	-  Modification	7	-	REO	11	-	Full Payoff	MF	-	Multi-Family	SS	-	Self Storage

	 
	 	2	-  Foreclosure	8	-	Resolved	12	- 	Reps and Warranties	RT	-	Retail	98	-	Other

	 
	 	3	-  Bankruptcy	9	-	Pending Return	13	-	TBD	HC	-	Health Care	SE	-	Securities

	 
	 	4	-  Extension			to Master Servicer	98	-	Other	IN	-	Industrial	CH	-	Cooperative Housing

	 
	 	5	-  Note Sale	10	 -	Deed in Lieu Of				MH	-	Mobile Home Park	WH	-	Warehouse

	 
	 	6	-  DPO	 	 	Foreclosure	 	 	 	OF

	-	Office

	ZZ

	- 	Missing Information

	 
	 	 	 	 	 	 	 	 	 	MU

	- 	Mixed Use

	SF 	- 	Single Family 	 
	 	 	 	 	 	 	 	 	 	LO

	- 	Lodging

	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 15 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 
	 	Specially
    Serviced Loan Detail - Part 2	 
	 	 	 	 	 	 	 	 	 	 	 
	 	Loan

    Number	Offering

    Document

     Cross-Reference 	Resolution

    Strategy

    Code (1)	Site

    Inspection

    Date	

    Phase 1 Date	Appraisal
    

Date	Appraisal

    Value	Other
    REO

    Property Revenue	Comment
                                         from Special Servicer

	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	(1)
    Resolution Strategy Code	(2)
    Property Type Code          	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	1	-  Modification	7	-	REO	11	-	Full Payoff	MF	-	Multi-Family	SS	-	Self Storage

	 
	 	2	-  Foreclosure	8	-	Resolved	12	- 	Reps and Warranties	RT	-	Retail	98	-	Other

	 
	 	3	-  Bankruptcy	9	-	Pending Return	13	-	TBD	HC	-	Health Care	SE	-	Securities

	 
	 	4	-  Extension			to Master Servicer	98	-	Other	IN	-	Industrial	CH	-	Cooperative Housing

	 
	 	5	-  Note Sale	10	 -	Deed in Lieu Of				MH	-	Mobile Home Park	WH	-	Warehouse

	 
	 	6	-  DPO	 	 	Foreclosure	 	 	 	OF

	-	Office

	ZZ

	-	Missing Information

	 
	 	 	 	 	 	 	 	 	 	MU

	-	Mixed Use

	SF 	-	Single Family 	 
	 	 	 	 	 	 	 	 	 	LO

	-	Lodging

	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 16 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 
	Advance
    Summary
	 	 	 	 	 	 	 
	 	Loan
    Group 	Current
    P&I

    Advances	Outstanding
    P&I

    Advances	Outstanding
    Servicing

    Advances	Current
    Period Interest

    on P&I and Servicing

    Advances Paid	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	Totals	0.00	0.00	0.00	0.00	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

     Page 17 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 
	 	Modified
    Loan Detail	 
	 	 	 	 	 	 	 	 	 	 
	 	Loan

    Number	Offering

    Document

    Cross-Reference	Pre-Modification

    Balance	Post-Modification

    Balance	Pre-Modification

    Interest Rate	Post-Modification

    Interest Rate	Modification

    Date	Modification
    Description	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 

 

     Page 18 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Historical
    Liquidated Loan Detail	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Distribution

    Date	ODCR	Beginning

    Scheduled

    Balance	Fees,

    Advances,

    and Expenses *	Most
    Recent

    Appraised

    Value or BPO	Gross
    Sales

    Proceeds or

    Other Proceeds	Net
    Proceeds

    Received on

    Liquidation	Net
    Proceeds

    Available for

    Distribution	Realized
    

    Loss to Trust	Date
    of Current

    Period Adj.

    to Trust	Current
    Period

    Adjustment

    to Trust	Cumulative

    Adjustment

    to Trust	Loss
    to Loan

    with Cum

    Adj. to Trust	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Current
    Total	 	 	 	 	 	 	 	 	 	 	 	 
	 	Cumulative
    Total	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	*
    Fees, Advances and Expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.).	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 19 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Historical
    Bond/Collateral Loss Reconciliation Detail	 
	 	 	 
	 	Distribution

    Date	 	 	Offering

    Document

    Cross-Reference	 	 	Beginning

    Balance

    at Liquidation	 	 	Aggregate

    Realized Loss

    on Loans	 	 	Prior
    Realized

    Loss Applied

    to Certificates	 	 	Amounts

    Covered by

    Credit Support	 	 	Interest

    (Shortages)/

    Excesses	 	 	Modification

    /Appraisal

    Reduction Adj.	 	 	Additional

    (Recoveries)

    /Expenses	 	 	Realized
    Loss

    Applied to

    Certificates to Date	 	 	Recoveries
    of

    Realized Losses

    Paid as Cash	 	 	(Recoveries)/

    Losses Applied to

    Certificate Interest	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	   	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Totals     	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 20 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Interest
    Shortfall Reconciliation Detail - Part 1	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Offering

Document

Cross-Reference	 	 	Stated
    Principal
 Balance at
 Contribution	 	 	Current
    Ending
 Scheduled
 Balance	 	 	Special
    Servicing Fees	 	 	ASER	 	 	(PPIS)
    Excess	 	 	Non-Recoverable

    (Scheduled

    Interest)	 	 	Interest
    on

    Advances	 	 	Modified
    Interest

    Rate (Reduction)

    /Excess	 
	Monthly	 	 	Liquidation	 	Work
    Out
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

     Page 21 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 	 	 	 	 	 	 
	 	Interest
    Shortfall Reconciliation Detail - Part 2	 
	 	 	 	 	 	 	 	 	 
	 	Offering

    Document

    Cross-Reference	Stated
    Principal

    Balance at

    Contribution	Current
    Ending

    Scheduled

    Balance	Reimb
    of Advances to the Servicer	 Other
     (Shortfalls)/ 

     Refunds	Comments	 
	Current
    Month	Left
    to Reimburse

    Master Servicer
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	Totals	 	 	 	 	 	 	 
	 	Interest
    Shortfall Reconciliation Detail Part 2 Total	0.00	 	 	 
	 	Interest
    Shortfall Reconciliation Detail Part 1 Total	0.00	 	 	 
	 	Total
    Interest Shortfall Allocated to Trust	0.00	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

     Page 22 of 23

     

    

 

	 	 	 	 
	

         

        Wells Fargo Bank, N.A. 

        Corporate Trust Services 

        8480 Stagecoach Circle 

        Frederick, MD 21701-4747
	Benchmark 2019-B14 Mortgage Trust

    

    Commercial Mortgage Pass-Through Certificates

    

    Series 2019-B14	For Additional
    Information please contact
	CTSLink Customer Service
	1-866-846-4526
	Reports
    Available     www.ctslink.com
	Distribution Date:	12/17/19
	Record Date:	11/29/19
	Determination Date:	12/11/19

	 	 	 
	 	 	 
	 	Supplemental Reporting	 
	 	 	 
	 	 	 
	 	 	 
	 	Disclosable
                                         Special Servicer Fees, Loan Event of Default, Servicer Termination Event or Special Servicer
                                         Termination Event information would be disclosed here.

	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

     Page 23 of 23

     

    

 

 

EXHIBIT
H

FORM OF OMNIBUS ASSIGNMENT

 

[NAME
OF CURRENT ASSIGNOR] having an address at [ADDRESS OF CURRENT ASSIGNOR] (the “Assignor”) for good and valuable
consideration, the receipt and sufficiency of which are acknowledged, hereby sells, transfers, assigns, delivers, sets over and
conveys, without recourse, representation or warranty, express or implied, unto “Wells Fargo Bank, National Association,
as Trustee for the registered holders of Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series
2019-B14” (the “Assignee”), having an office at 9062 Old Annapolis Road, Columbia, Maryland 21045, Attention:
Corporate Trust Services: CMBS Trustee – Benchmark 2019-B14, its successors and assigns, all right, title and interest of
the Assignor in and to:

 

That
certain mortgage and security agreement, deed of trust and security agreement, deed to secure debt and security agreement, or
similar security instrument (the “Security Instrument”), and that certain Promissory Note (the “Mortgage
Note”), for each of the Mortgage Loans shown on the Mortgage Loan Schedule attached hereto as Exhibit B, and
that certain assignment of leases and rents given in connection therewith and all of the Assignor’s right, title and interest
in any claims, collateral, insurance policies, certificates of deposit, letters of credit, escrow accounts, performance bonds,
demands, causes of action and any other collateral arising out of and/or executed and/or delivered in or to or with respect to
the Security Instrument and the Mortgage Note, together with any other documents or instruments executed and/or delivered in connection
with or otherwise related to the Security Instrument and the Mortgage Note.

 

IN
WITNESS WHEREOF, the Assignor has executed this instrument under seal to be effective as of the [__] day of [_____________], 20[__].

 

	 	[NAME OF CURRENT ASSIGNOR]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit H-1

     

    

 

EXHIBIT
I

 

FORM
OF TRANSFER CERTIFICATE

FOR RULE 144A BOOK-ENTRY CERTIFICATE

TO TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE

DURING RESTRICTED PERIOD

 

(Exchanges
or transfers pursuant to

Section 5.03(c) of the Pooling and Servicing Agreement)

 

Wells
Fargo Bank, National Association,

as Certificate Registrar

600
South 4th Street, 7th Floor

MAC
N9300-070

Minneapolis,
Minnesota 55479

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14,
                                         Class [__]

 

Reference
is hereby made to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Book-Entry Certificate of such Class (CUSIP No. [______])
with the Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested
an exchange or transfer of such beneficial interest for a beneficial interest in the Temporary Regulation S Book-Entry Certificate
of such Class (CINS No. [______] and ISIN No. [______]) to be held with the Depository in the name of [Euroclear] [Clearstream]*
(Common Code No. [______]).

 

In
connection with such request and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Pooling and Servicing Agreement and pursuant to and
in accordance with Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the
“Securities Act”), and accordingly the Transferor does hereby certify that:

 

 

 

*
      Select appropriate depository.

 

    Exhibit I-1

     

    

 

(1)       the
offer of the Certificates was not made to a person in the United States;

 

[(2)    
at the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting
on its behalf reasonably believed and believes that the transferee was outside the United States;]**

 

[(2)    
the transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor
nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States;]**

 

(3)       no
“directed selling efforts” within the meaning of Rule 902(c) of Regulation S have been made in contravention of the
requirements of Rule 903(b) or 904(b) of Regulation S, as applicable; and

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Trustee, the Certificate Administrator,
the Operating Advisor, the Master Servicer, the Special Servicer, the Asset Representations Reviewer and the Initial Purchasers.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______

 

cc:
J.P. Morgan Chase Commercial Mortgage Securities Corp.

 

 

 

**       Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

 

    Exhibit I-2

     

    

 

EXHIBIT
J

 

Form
of Transfer Certificate

for Rule 144A Book-Entry Certificate

to Regulation S Book-Entry Certificate after Restricted Period

 

(Exchange
or transfers pursuant to

Section 5.03(d) of the Pooling and Servicing Agreement)

 

Wells
Fargo Bank, National Association,

as Certificate Registrar

600
South 4th Street, 7th Floor

MAC
N9300-070

Minneapolis,
Minnesota 55479

Attention:
Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14,
                                         Class [__]

 

Reference
is hereby made to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Book-Entry Certificate of such Class (CUSIP No. [______])
with the Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested
an exchange or transfer of such beneficial interest for a beneficial interest in the Regulation S Book-Entry Certificate of such
Class (CINS No. [______], ISIN No. [______], and Common Code No. [______]).

 

In
connection with such request and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Pooling and Servicing Agreement pursuant to and in
accordance with Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the “Securities
Act”), and accordingly the Transferor does hereby certify that:

 

(1)       the
offer of the Certificates was not made to a person in the United States,

 

    Exhibit J-1

     

    

 

[(2)
at the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting
on its behalf reasonably believed and believes that the transferee was outside the United States,]*

 

[(2)
the transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor
nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States,] *

 

(3)       no
“directed selling efforts” within the meaning of Rule 902(c) of Regulation S have been made in contravention of the
requirements of Rule 903(b) or 904(b) of Regulation S, as applicable, and

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Trustee, the Certificate Administrator,
the Operating Advisor, the Master Servicer, the Special Servicer, the Asset Representations Reviewer and the Initial Purchasers.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
________

 

cc:
J.P. Morgan Chase Commercial Mortgage Securities Corp.

 

 

 

*       Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

 

    Exhibit J-2

     

    

 

EXHIBIT
K

 

Form
of Transfer Certificate

for Temporary Regulation S Book-Entry Certificate

to Rule 144A Book-Entry Certificate during Restricted Period

 

(Exchange
or transfers pursuant to

Section 5.03(e) of the Pooling and Servicing Agreement)

 

Wells
Fargo Bank, National Association,

as Certificate Registrar

 600
South 4th Street, 7th Floor

MAC
N9300-070

Minneapolis,
Minnesota 55479

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14,
                                         Class [__]

 

Reference
is hereby made to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Temporary Regulation S Book-Entry Certificate of such Class (CINS No.
[______] and ISIN No. [______]) with [Euroclear] [Clearstream]* (Common Code [______]) through the Depository in the
name of [insert name of transferor] (the “Transferor”). The Transferor has requested an exchange or transfer
of such beneficial interest for a beneficial interest in the Rule 144A Book-Entry Certificate of such Class (CUSIP No. [______]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such Certificates are
being exchanged or transferred in accordance with Rule 144A (“Rule 144A”) under the Securities Act
of 1933, as amended (the “Securities Act”), to a transferee that the Transferor reasonably believes is purchasing
the Certificates for its own account, or for one or more accounts with respect to which the transferee exercises sole investment
discretion, and the transferee and any such account is a “qualified institutional buyer” within the meaning of Rule 144A
in each case in a transaction meeting the requirements of

 

 

 

*       Select
appropriate depository.

 

    Exhibit K-1

     

    

 

Rule 144A
and in accordance with any applicable securities laws of any state of the United States or other applicable jurisdiction.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Trustee, the Certificate Administrator,
the Operating Advisor, the Master Servicer, the Special Servicer, the Asset Representations Reviewer and the Initial Purchasers. 

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______

 

cc:
J.P. Morgan Chase Commercial Mortgage Securities Corp.

 

    Exhibit K-2

     

    

 

EXHIBIT
L

 

Form
of Transfer Certificate

for Temporary Regulation S Book-Entry Certificate

to Regulation S Book-Entry Certificate after Restricted Period

 

(Exchanges
pursuant to

Section 5.03(f) of the Pooling and Servicing Agreement)

 

Wells
Fargo Bank, National Association,

as Certificate Registrar

600
South 4th Street, 7th Floor

MAC
N9300-070

Minneapolis,
Minnesota 55479

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14,
                                         Class [__]

 

Reference
is hereby made to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

[For
purposes of acquiring a beneficial interest in a Regulation S Book-Entry Certificate of the Class specified above after the
expiration of the Restricted Period,] [For purposes of receiving payments under a Temporary Regulation S Book-Entry Certificate
of the Class specified above,]* the undersigned holder of a beneficial interest in a Temporary Regulation S Book-Entry
Certificate of the Class specified above issued under the Pooling and Servicing Agreement certifies that it is not a U.S. Person
as defined by Regulation S under the Securities Act of 1933, as amended.

 

We
undertake to advise you promptly by facsimile on or prior to the date on which you intend to submit your corresponding certification
relating to the Certificates of the Class specified above held by you for our account if any applicable statement herein is not
correct on such date, and in the absence of any such notification it may be assumed that this certification applies as of such
date.

 

 

 

*       Select,
as applicable.

 

    Exhibit L-1

     

    

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Master Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer and the Initial Purchasers.

 

		Dated:	 	 

 

		By:	 	 
	 	 	as, or
                              as agent for, the holder of a beneficial interest in the Certificates to which this certificate
                              relates.

 

    Exhibit L-2

     

    

 

EXHIBIT
M

 

Form
of Transfer Certificate

for Non-Book Entry Certificate

to Temporary Regulation S Book-Entry
Certificate

 

(Exchanges
or transfers pursuant to

Section 5.03(g) of the Pooling and Servicing Agreement)

 

Wells
Fargo Bank, National Association,

as Certificate Registrar

600
South 4th Street, 7th Floor

MAC
N9300-070

Minneapolis,
Minnesota 55479

Attention:
Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14,
                                         Class [__]

 

Reference
is hereby made to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of Transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry Certificates
for a beneficial interest in the Temporary Regulation S Book-Entry Certificate of such Class (CINS No. [______] and ISIN No. [______])
to be held with [Euroclear] [Clearstream]* (Common Code [______]) through the Depository.

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Pooling and Servicing Agreement and pursuant to and
in accordance with Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the
“Securities Act”), and accordingly the Transferor does hereby certify that:

 

(1)        the
offer of the Certificates was not made to a person in the United States;

 

 

 

*       Select
appropriate depository.

 

    Exhibit M-1

     

    

 

[(2)     
at the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting
on its behalf reasonably believed and believes that the transferee was outside the United States;]**

 

[(2)     
the transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor
nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States;] **

 

(3)       no
“directed selling efforts” within the meaning of Rule 902(c) of Regulation S have been made in contravention of the
requirements of Rule 903(b) or 904(b) of Regulation S, as applicable; and

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Master Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer and the Initial Purchasers. 

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
________

 

cc:
J.P. Morgan Chase Commercial Mortgage Securities Corp.

 

 

 

**       Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

 

    Exhibit M-2

     

    

 

EXHIBIT
N

 

Form
of Transfer Certificate

for Non-Book Entry Certificate

to Regulation S Book-Entry Certificate

 

(Exchange
or transfers pursuant to

Section 5.03(g) of the Pooling and Servicing Agreement)

 

Wells
Fargo Bank, National Association,

as Certificate Registrar

600
South 4th Street, 7th Floor

MAC
N9300-070

Minneapolis,
Minnesota 55479

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14,
                                         Class [__]

 

Reference
is hereby made to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of Transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry Certificates
for a beneficial interest in the Regulation S Book-Entry Certificate (CINS No. [______], ISIN No. [______], and Common Code No.
[______]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Pooling and Servicing Agreement pursuant to and in
accordance with Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the “Securities
Act”), and accordingly the Transferor does hereby certify that:

 

(1)       the
offer of the Certificates was not made to a person in the United States,

 

    Exhibit N-1

     

    

 

[(2)     
at the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting
on its behalf reasonably believed and believes that the transferee was outside the United States,]*

 

[(2)     
the transaction was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor
nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States,] *

 

(3)        no
“directed selling efforts” within the meaning of Rule 902(c) of Regulation S have been made in contravention of the
requirements of Rule 903(b) or 904(b) of Regulation S, as applicable, and

 

(4)        the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Master Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer and the Initial Purchasers.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______

 

cc:
J.P. Morgan Chase Commercial Mortgage Securities Corp.

 

 

 

*       Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

 

    Exhibit N-2

     

    

 

EXHIBIT
O

 

Form
of Transfer Certificate

for Non-Book Entry Certificate

to Rule 144A Book-Entry Certificate

 

(Exchange
or transfers pursuant to

Section 5.03(g) of the Pooling and Servicing Agreement)

 

Wells
Fargo Bank, National Association,

as Certificate Registrar

600
South 4th Street, 7th Floor

MAC
N9300-070

Minneapolis,
Minnesota 55479

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14,
                                         Class [__]

 

Reference
is hereby made to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such beneficial interest for a
beneficial interest in the Rule 144A Book-Entry Certificate of such Class (CUSIP No. [______]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such Certificates are
being exchanged or transferred in accordance with Rule 144A (“Rule 144A”) under the Securities Act
of 1933, as amended (the “Securities Act”), to a transferee that the Transferor reasonably believes is purchasing
the Certificates for its own account, or for one or more accounts with respect to which the transferee exercises sole investment
discretion, and the transferee and any such account is a “qualified institutional buyer” within the meaning of Rule 144A
in each case in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws
of any state of the United States or other applicable jurisdiction.

 

    Exhibit O-1

     

    

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, the Master Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer and the Initial Purchasers.

 

	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______

 

cc:
J.P. Morgan Chase Commercial Mortgage Securities Corp.

 

    Exhibit O-2

     

    

 

EXHIBIT
P-1A

 

FORM
OF INVESTOR CERTIFICATION for Non-Borrower PartY and/or

risk retention consultation
party

(for Persons other than
the DIRECTING CERTIFICATEHOLDER, a 

Controlling Class Certificateholder
AND/OR A 225 BUSH 

Controlling class CERTIFICATEHOLDER)

 

[Date]

 

Wells
Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

Email: trustadministrationgroup@wellsfargo.com;

   
cts.cmbs.bond.admin@wellsfargo.com

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14

 

In
accordance with the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer, with respect to the
certificates (the “Certificates”), the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned is a Certificateholder, a beneficial owner or prospective purchaser of the Class [__] Certificates, a Risk Retention
Consultation Party or a Companion Holder (or any investment advisor or manager or other representative of the foregoing).

 

2.       The
undersigned is not the Directing Certificateholder, a Controlling Class Certificateholder or a 225 Bush Controlling Class Certificateholder.

 

3.       In
the case that the undersigned is a Certificateholder, a beneficial owner or prospective purchaser of an Offered Certificate, the
undersigned has received a copy of the Prospectus.

 

4.       The
undersigned is not a Borrower Party.

 

5.       The
undersigned is requesting access pursuant to the Pooling and Servicing Agreement to certain information (the “Information”)
on the Certificate Administrator’s Website [and/or is requesting the information identified on the schedule attached hereto
(also, the “Information”) pursuant to the provisions of the Pooling and Servicing Agreement]. In consideration
of the disclosure to the undersigned of the Information, or the access thereto, the

 

    Exhibit P-1A-1

     

    

 

undersigned
will keep the Information confidential (except from such outside persons as are assisting it in making an evaluation in connection
with purchasing the related Certificates, from its accountants and attorneys, and otherwise from such governmental or banking
authorities or agencies to which the undersigned is subject), and such Information will not, without the prior written consent
of the Depositor, be otherwise disclosed by the undersigned or by its officers, directors, partners, employees, agents or representatives
(collectively, the “Representatives”) in any manner whatsoever, in whole or in part; provided, however,
that the obligations of the undersigned to keep any such Information confidential shall expire one year following the date that
the undersigned receives such Information (with respect to a prospective purchaser only) or is no longer a Certificateholder,
a beneficial owner or prospective purchaser of the Class of Certificates referenced above. The undersigned will not use or disclose
the Information in any manner which could result in a violation of any provision of the Securities Act of 1933, as amended (the
“Securities Act”), or the Securities Exchange Act of 1934, as amended, or would require registration of any
Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

6.       The
undersigned shall be fully liable for any breach of the terms of this certification by itself or any of its Representatives and
shall indemnify the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating
Advisor, the Asset Representations Reviewer, the Underwriters, the Initial Purchasers, the Loan-Specific Initial Purchaser
and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any
of its Representatives.

 

7.       The
undersigned shall be deemed to have recertified to the provisions herein each time it accesses the Information on the Certificate
Administrator’s Website, and the Certificate Administrator shall have no obligation to monitor, determine or verify whether
the undersigned has properly certified or recertified under this Investor Certification any time the undersigned accesses the
Certificate Administrator’s Website.

 

8.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

    Exhibit P-1A-2

     

    

 

EXHIBIT
P-1B

 

FORM
OF INVESTOR CERTIFICATION for Non-Borrower PartY

(for the DIRECTING CERTIFICATEHOLDER, a Controlling Class

Certificateholder AND/OR A 225 BUSH Controlling class 

CERTIFICATEHOLDER)

 

[Date]

 

	Midland
                           Loan Services, a Division of PNC Bank, National Association 

        10851
        Mastin Street 

        Building
        82, Suite 300 

        Overland
        Park, Kansas 66210 

        Attention:
        Executive Vice President – Division Head 

        Telecopy
        number: 1-888-706-3565

        Email: NoticeAdmin@midlandls.com
	 	Wells
                           Fargo Bank, National Association
 9062 Old Annapolis Road
 Columbia, Maryland  21045-1951

                           Attention:  Corporate Trust Services (CMBS)
 Benchmark 2019-B14 Mortgage Trust
 Email:  trustadministrationgroup@wellsfargo.com

                           cts.cmbs.bond.admin@wellsfargo.com

	 	 	 
	Pentalpha Surveillance LLC

    375 N. French Road, Suite 100

    Amherst, New York 14228

    Attention: Benchmark 2019-B14—Transaction Manager

    With a copy sent via email to: notices@pentalphasurveillance.com (with Benchmark 2019-B14 in the subject line)	 	Wells
        Fargo Bank, National Association, 

        600
        South 4th Street, 7th Floor 

        MAC
        N9300-070 

        Minneapolis,
        Minnesota 55479

        Attention: Corporate Trust Services (CMBS)

        Benchmark 2019-B14 Mortgage Trust

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 

 

In
accordance with the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer, with respect to the
certificates (the “Certificates”), the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned is [the Directing Certificateholder][a Controlling Class Certificateholder][a 225 Bush Controlling Class Certificateholder].

 

2.       The
undersigned has received a copy of the Prospectus.

 

3.       The
undersigned is not a Borrower Party.

 

     Exhibit P-1B-1

     

    

 

4.       The
undersigned is requesting access pursuant to the Pooling and Servicing Agreement to certain information (the “Information”)
on the Certificate Administrator’s Website [and/or is requesting the information identified on the schedule attached hereto
(also, the “Information”) pursuant to the provisions of the Pooling and Servicing Agreement]. In consideration
of the disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information confidential
(except from such outside persons as are assisting it in making an evaluation in connection with purchasing the related Certificates,
from its accountants and attorneys, and otherwise from such governmental or banking authorities or agencies to which the undersigned
is subject), and such Information will not, without the prior written consent of the Depositor, be otherwise disclosed by the
undersigned or by its officers, directors, partners, employees, agents or representatives (collectively, the “Representatives”)
in any manner whatsoever, in whole or in part; provided, however, that the obligations of the undersigned to keep
any such Information confidential shall expire one year following the date that the undersigned receives such Information (with
respect to a prospective purchaser only) or is no longer a Certificateholder, a beneficial owner or prospective purchaser of the
Class of Certificates referenced above. The undersigned will not use or disclose the Information in any manner which could result
in a violation of any provision of the Securities Act of 1933, as amended (the “Securities Act”), or the Securities
Exchange Act of 1934, as amended, or would require registration of any Certificate not previously registered pursuant to Section
5 of the Securities Act.

 

5.       The
undersigned shall be fully liable for any breach of the terms of this certification by itself or any of its Representatives and
shall indemnify the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating
Advisor, the Asset Representations Reviewer, the Underwriters, the Initial Purchasers, the Loan-Specific Initial Purchaser
and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any
of its Representatives.

 

6.       At
any time the undersigned becomes a Borrower Party with respect to any Mortgage Loan or Whole Loan, the undersigned shall deliver
the certification attached as Exhibit P-1D to the Pooling and Servicing Agreement and shall deliver to the applicable parties
the notices attached as Exhibit P-1E and Exhibit P-1F to the Pooling and Servicing Agreement.

 

7.       The
undersigned shall be deemed to have recertified to the provisions herein each time it accesses the Information on the Certificate
Administrator’s Website, and the Certificate Administrator shall have no obligation to monitor, determine or verify whether
the undersigned has
properly certified or recertified under this Investor Certification any time the undersigned accesses the Certificate Administrator’s
Website.

 

8.       [For
use with any party other than the initial Directing Certificateholder]The undersigned hereby certifies that an executed copy of
this certification in [paper][electronic click-through] form has been delivered in accordance with the notice provisions of the
Pooling and Servicing Agreement to the applicable Information provider listed above [(a) by overnight courier or (b) mailed by
registered mail, postage prepaid].

 

9.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

     Exhibit P-1B-2

     

    

  

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

     Exhibit P-1B-3

     

    

 

EXHIBIT
P-1C

 

FORM
OF INVESTOR CERTIFICATION for Borrower PartY

(for Persons other than the DIRECTING CERTIFICATEHOLDER, a

Controlling Class Certificateholder, a risk retention

consultation party AND/OR A 225 BUSH Controlling class 

CERTIFICATEHOLDER)

 

[Date]

 

Wells
Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

Email: trustadministrationgroup@wellsfargo.com;

   
cts.cmbs.bond.admin@wellsfargo.com

 

Midland
Loan Services, a Division of PNC Bank, National Association

10851
Mastin Street

Building
82, Suite 300

Overland
Park, Kansas 66210

Attention:
Executive Vice President – Division Head

Telecopy
number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14

 

In
accordance with the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer, with respect to the
certificates (the “Certificates”), the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned is a Certificateholder, a beneficial owner or prospective purchaser of the Class [__] Certificates or a Companion
Holder (or any investment advisor or manager or other representative of the foregoing).

 

2.       The
undersigned is not the Directing Certificateholder, a Controlling Class Certificateholder or a 225 Bush Controlling Class Certificateholder.

 

3.       In
the case that the undersigned is a Certificateholder, a beneficial owner or prospective purchaser of an Offered Certificate, the
undersigned has received a copy of the Prospectus.

 

    Exhibit P-1C-1

     

    

 

4.       The
undersigned is a Borrower Party.

 

5.       The
undersigned is requesting access to the Distribution Date Statements pursuant to the Pooling and Servicing Agreement. In consideration
of the disclosure to the undersigned of the Distribution Date Statement, or the access thereto, the undersigned will keep the
Distribution Date Statements confidential (except from such outside persons as are assisting it in making an evaluation in connection
with purchasing the related Certificates, from its accountants and attorneys, and otherwise from such governmental or banking
authorities or agencies to which the undersigned is subject), and such Distribution Date Statements will not, without the prior
written consent of the Depositor, be otherwise disclosed by the undersigned or by its officers, directors, partners, employees,
agents or representatives (collectively, the “Representatives”) in any manner whatsoever, in whole or in part;
provided, however, that the obligations of the undersigned to keep any such Distribution Date Statements confidential
shall expire one year following the date that the undersigned receives such Distribution Date Statements (with respect to a prospective
purchaser only) or is no longer a Certificateholder, a beneficial owner or prospective purchaser of the Class of Certificates
referenced above. The undersigned will not use or disclose the Distribution Date Statements in any manner which could result in
a violation of any provision of the Securities Act of 1933, as amended (the “Securities Act”), or the Securities
Exchange Act of 1934, as amended, or would require registration of any Certificate not previously registered pursuant to Section
5 of the Securities Act.

 

6.       The
undersigned shall be fully liable for any breach of the terms of this certification by itself or any of its Representatives and
shall indemnify the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating
Advisor, the Asset Representations Reviewer, the Underwriters, the Initial Purchasers, the Loan-Specific Initial Purchaser
and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any
of its Representatives.

 

7.       The
undersigned shall be deemed to have recertified to the provisions herein each time it accesses the Distribution Date Statements
on the Certificate Administrator’s Website, and the Certificate Administrator shall have no obligation to monitor, determine
or verify whether the undersigned has properly certified or recertified under this Investor Certification any time the undersigned
accesses the Certificate Administrator’s Website.

 

8.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

    Exhibit P-1C-2

     

    

 

EXHIBIT
P-1D

 

FORM
OF INVESTOR CERTIFICATION for Borrower PartY

(for the DIRECTING CERTIFICATEHOLDER, a Controlling Class

Certificateholder AND/OR A 225 BUSH Controlling class

CERTIFICATEHOLDER) 

 

[Date]

 

	Midland
                           Loan Services, a Division of PNC Bank, National Association

        10851
        Mastin Street

        Building
        82, Suite 300

        Overland
        Park, Kansas 66210

        Attention:
        Executive Vice President – Division Head

        Telecopy
        number: 1-888-706-3565

        Email: NoticeAdmin@midlandls.com

        	 	Wells
                           Fargo Bank, National Association
 9062 Old Annapolis Road
 Columbia, Maryland  21045-1951

                           Attention:  Corporate Trust Services (CMBS)
 Benchmark 2019-B14 Mortgage Trust
 Email:  trustadministrationgroup@wellsfargo.com

                                cts.cmbs.bond.admin@wellsfargo.com

	 	 	 
	Pentalpha Surveillance LLC

    375 N. French Road, Suite 100

    Amherst, New York 14228

    Attention: Benchmark 2019-B14—Transaction Manager

    With a copy sent via email to: notices@pentalphasurveillance.com (with Benchmark 2019-B14 in the subject line)	 	Wells
        Fargo Bank, National Association,

        600
        South 4th Street, 7th Floor

        MAC
        N9300-070

        Minneapolis,
        Minnesota 55479

        Attention: Corporate Trust Services (CMBS)

        Benchmark 2019-B14 Mortgage Trust

        

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14

 

In
accordance with the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and
as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer, with respect to the certificates
(the “Certificates”), the undersigned hereby certifies and agrees as follows:

 

1.    The
undersigned is [the Directing Certificateholder][the Holder of the majority of the Controlling Class][a Controlling Class Certificateholder][a
225 Bush Controlling Class Certificateholder].

 

2.       The
undersigned is a Borrower Party with respect to the following [Excluded Loan][Excluded Controlling Class Loan](s):

 

    Exhibit P-1D-1

     

    

 

[IDENTIFY
[EXCLUDED LOAN][EXCLUDED CONTROLLING CLASS LOAN](S)] (the “[Excluded Loan][Excluded Controlling Class Loan](s)”)

 

The
undersigned is not a Borrower Party with respect to any other Mortgage Loan.

 

3.       The
undersigned has received a copy of the Prospectus.

 

4.       Except
with respect to the [Excluded Loan][Excluded Controlling Class Loan](s), the undersigned is requesting access pursuant to the
Pooling and Servicing Agreement to certain information (the “Information”) on the Certificate Administrator’s
Website [and/or is requesting the information identified on the schedule attached hereto (also, the “Information”)
pursuant to the provisions of the Pooling and Servicing Agreement]. In consideration of the disclosure to the undersigned of the
Information, or the access thereto, the undersigned will keep the Information confidential (except from such outside persons as
are assisting it in making an evaluation in connection with purchasing the related Certificates, from its accountants and attorneys,
and otherwise from such governmental or banking authorities or agencies to which the undersigned is subject), and such Information
will not, without the prior written consent of the Depositor, be otherwise disclosed by the undersigned or by its officers, directors,
partners, employees, agents or representatives (collectively, the “Representatives”) in any manner whatsoever,
in whole or in part; provided, however, that the obligations of the undersigned to keep any such Information confidential
shall expire one year following the date that the undersigned receives such Information (with respect to a prospective purchaser
only) or is no longer a Certificateholder, a beneficial owner or prospective purchaser of the Class of Certificates referenced
above. The undersigned will not use or disclose the Information in any manner which could result in a violation of any provision
of the Securities Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as
amended, or would require registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

5.       The
undersigned hereby acknowledges and agrees that it is prohibited from accessing, reviewing and using Excluded Information (as
defined in the Pooling and Servicing Agreement) relating to the [Excluded Loan][Excluded Controlling Class Loan](s) to the extent
the undersigned receives access to such Excluded Information on the Certificate Administrator’s Website or otherwise receives
access to such Excluded Information in connection with its duties, or exercise of its rights pursuant to the Pooling and Servicing
Agreement.

 

6.       The
undersigned shall be fully liable for any breach of the terms of this certification by itself or any of its Representatives and
shall indemnify the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating
Advisor, the Asset Representations Reviewer, the Underwriters, the Initial Purchasers, the Loan-Specific Initial Purchaser
and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any
of its Representatives.

 

7.       To
the extent the undersigned receives access to any Excluded Information on the Certificate Administrator’s Website or otherwise
receives access to such Excluded Information, the undersigned shall be deemed to have agreed that it (i) will not directly or
indirectly provide any such Excluded Information to (A) the related Borrower Party, (B) any related Excluded Controlling Class
Holder, (C) any employees or personnel of the undersigned or any of its Affiliates involved in the management of any investment
in the related Borrower Party or the

 

    Exhibit P-1D-2

     

    

 

related
Mortgaged Property or (D) to its actual knowledge, any non-Affiliate that holds a direct or indirect ownership interest in the
related Borrower Party, and (ii) will maintain sufficient internal controls and appropriate policies and procedures in place in
order to comply with the obligations described in clause (i) above.

 

8.       The
undersigned shall be deemed to have recertified to the provisions herein each time it accesses the Information on the Certificate
Administrator’s Website, and the Certificate Administrator shall have no obligation to monitor, determine or verify whether
the undersigned has properly certified or recertified under this Investor Certification any time the undersigned accesses the
Certificate Administrator’s Website.

 

9.       The
undersigned hereby certifies that an executed copy of this certification in [paper][electronic click-through][[for use by the
initial Controlling Class Certificateholder] PDF] form has been delivered in accordance with the notice provisions of the Pooling
and Servicing Agreement to the applicable Information provider listed above [(a) by overnight courier, (b) mailed by registered
mail, postage prepaid or (c) [for use by the initial Controlling Class Certificateholder] electronic mail].

 

10.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused its name to be signed hereto by its duly authorized signatory, as of the date certified.

	 	 	 
	 	[Directing Certificateholder][Holder of the majority of the
Controlling Class][Controlling Class Certificateholder][225 Bush Controlling Class Certificatheolder]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_______

cc:
J.P. Morgan Chase Commercial Mortgage 

Securities
Corp.

 

    Exhibit P-1D-3

     

    

 

EXHIBIT
P-1E

 

FORM
OF NOTICE OF EXCLUDED CONTROLLING CLASS HOLDER

 

[Date]

 

	Midland
                           Loan Services, a Division of PNC Bank, National Association

        10851
        Mastin Street 

        Building
        82, Suite 300 

        Overland
        Park, Kansas 66210 

        Attention:
        Executive Vice President – Division Head 

        Telecopy
        number: 1-888-706-3565

        Email: NoticeAdmin@midlandls.com
	 	Wells
                                         Fargo Bank, National Association
 9062 Old Annapolis Road
 Columbia, Maryland  21045-1951

                                         Attention:  Corporate Trust Services (CMBS)
 Benchmark 2019-B14 Mortgage
                                         Trust
 Email:  trustadministrationgroup@wellsfargo.com

                                                                     cts.cmbs.bond.admin@wellsfargo.com

	 	 	 
	Pentalpha
    Surveillance LLC

    375 N. French Road, Suite 100

    Amherst, New York 14228

    Attention: Benchmark 2019-B14—Transaction Manager

    With a copy sent via email to: notices@pentalphasurveillance.com (with Benchmark 2019-B14 in the subject line)	 	Wells
        Fargo Bank, National Association,

        600
        South 4th Street, 7th Floor

        MAC
        N9300-070

        Minneapolis,
        Minnesota 55479

        Attention: Corporate Trust Services (CMBS)

        Benchmark 2019-B14 Mortgage Trust 

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14

 

 

THIS
NOTICE IDENTIFIES AN “[EXCLUDED LOAN][EXCLUDED CONTROLLING CLASS LOAN]” RELATING TO THE BENCHMARK 2019-B14 MORTGAGE
TRUST COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2019-B14 REQUIRING ACTION BY YOU AS THE RECIPIENT PURSUANT TO SECTION
3.13(b) OF THE POOLING AND SERVICING AGREEMENT.

 

In
accordance with Section 3.13(b) of the Pooling and Servicing Agreement, with respect to the above-referenced certificates (the
“Certificates”), the undersigned (the “Excluded Controlling Class Holder”) hereby certifies
and agrees as follows:

 

1.       The
undersigned is [the Directing Certificateholder][the Holder of the majority of the Controlling Class][a Controlling Class Certificateholder][a
225 Bush Controlling Class Certificateholder] as of the date hereof.

 

2.       The
undersigned has become a Borrower Party with respect to the following [Mortgage Loan(s)] [and] [Whole Loan(s)] (the “[Excluded
Loan][Excluded Controlling Class Loan](s)”):

 

     Exhibit P-1E-1

     

    

 

	Loan
    Number	ODCR	Loan
    Name	Borrower
    Name
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

[[If
applicable] For the avoidance of doubt, [each] of the foregoing loans is both an Excluded Loan and an Excluded Controlling Class
Loan.] The undersigned is not a Borrower Party with respect to any other Mortgage Loan. If the undersigned becomes a Borrower
Party with respect to any other Mortgage Loan or Whole Loan, the undersigned agrees to and shall deliver the certification attached
as Exhibit P-1D to the Pooling and Servicing Agreement and shall deliver to the applicable parties the notices attached as Exhibit
P-1E and Exhibit P-1F to the Pooling and Servicing Agreement.

 

3.       Except
with respect to the [Excluded Loan][Excluded Controlling Class Loan](s), the undersigned is requesting access pursuant to the
Pooling and Servicing Agreement to certain information (the “Information”) on the Certificate Administrator’s
Website [and/or is requesting the information identified on the schedule attached hereto (also, the “Information”)
pursuant to the provisions of the Pooling and Servicing Agreement]. In consideration of the disclosure to the undersigned of the
Information, or the access thereto, the undersigned will keep the Information confidential (except from such outside persons as
are assisting it in making an evaluation in connection with purchasing the related Certificates, from its accountants and attorneys,
and otherwise from such governmental or banking authorities or agencies to which the undersigned is subject), and such Information
will not, without the prior written consent of the Depositor, be otherwise disclosed by the undersigned or by its officers, directors,
partners, employees, agents or representatives (collectively, the “Representatives”) in any manner whatsoever,
in whole or in part; provided, however, that the obligations of the undersigned to keep any such Information confidential
shall expire one year following the date that the undersigned receives such Information (with respect to a prospective purchaser
only) or is no longer a Certificateholder, a beneficial owner or prospective purchaser of the Class of Certificates referenced
above. The undersigned will not use or disclose the Information in any manner which could result in a violation of any provision
of the Securities Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as
amended, or would require registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

4.       The
undersigned hereby acknowledges and agrees that it is prohibited from accessing, reviewing and using Excluded Information (as
defined in the Pooling and Servicing Agreement) relating to the [Excluded Loan][Excluded Controlling Class Loan](s) to the extent
the undersigned receives access to such Excluded Information on the Certificate Administrator’s Website or otherwise receives
access to such Excluded Information in connection with its duties, or exercise of its rights pursuant to the Pooling and Servicing
Agreement.

 

5.       The
undersigned shall be fully liable for any breach of the terms of this certification by itself or any of its Representatives and
shall indemnify the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating

 

     Exhibit P-1E-2

     

    

 

Advisor,
the Asset Representations Reviewer, the Underwriters, the Initial Purchasers, the Loan-Specific Initial Purchaser and the
Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any of its
Representatives.

 

6.       To
the extent the undersigned receives access to any Excluded Information on the Certificate Administrator’s Website or otherwise
receives access to such Excluded Information, the undersigned shall be deemed to have agreed that it (i) will not directly or
indirectly provide any such Excluded Information to (A) the related Borrower Party, (B) any related Excluded Controlling Class
Holder, (C) any employees or personnel of the undersigned or any of its Affiliates involved in the management of any investment
in the related Borrower Party or the related Mortgaged Property or (D) to its actual knowledge, any non-Affiliate that holds a
direct or indirect ownership interest in the related Borrower Party, and (ii) will maintain sufficient internal controls and appropriate
policies and procedures in place in order to comply with the obligations described in clause (i) above.

 

7.       The
undersigned shall be deemed to have recertified to the provisions herein each time it accesses the Information on the Certificate
Administrator’s Website, and the Certificate Administrator shall have no obligation to monitor, determine or verify whether
the undersigned has properly certified or recertified under this Investor Certification any time the undersigned accesses the
Certificate Administrator’s Website.

 

8.       [[For
use by parties other than the initial Directing Certificateholder] The undersigned hereby certifies that an executed copy of this
certification in paper form has been delivered in accordance with the notice provisions of the Pooling and Servicing Agreement
to each of the addressees listed above (a) by overnight courier or (b) mailed by registered mail, postage prepaid.] [[For use
by the initial Directing Certificateholder] The undersigned hereby certifies that an executed copy of this certification in PDF
form has been delivered in accordance with the terms of the Pooling and Servicing Agreement to each of the addressees listed above
by electronic mail.]

 

9.       The
undersigned is simultaneously providing notice to the Certificate Administrator in the form of Exhibit P-1F to the Pooling and
Servicing Agreement, requesting termination of access to any Excluded Information. The undersigned acknowledges that it is not
permitted to access and shall not access any Excluded Information relating to the [Excluded Loan][Excluded Controlling Class Loan](s)
on the Certificate Administrator’s Website unless and until it has (i) delivered notice of the termination of the related
Excluded Controlling Class Holder status and (ii) submitted a new investor certification in accordance with Section 3.13(b) of
the Pooling and Servicing Agreement.

 

10.     The
undersigned agrees to indemnify and hold harmless each party to the Pooling and Servicing Agreement, the Underwriters, the Initial
Purchasers, the Loan-Specific Initial Purchaser and the Trust Fund from any damage, loss, cost or liability (including legal fees
and expenses and the cost of enforcing this indemnity) arising out of or resulting from any unauthorized access by the undersigned
or any agent, employee, representative or person acting on its behalf of any Excluded Information relating to the [Excluded Loan][Excluded
Controlling Class Loan](s) listed in Paragraph 2 above.

 

     Exhibit P-1E-3

     

    

 

Capitalized
terms used but not defined herein have the respective meanings given to them in the Pooling and Servicing Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

	 	[Directing Certificateholder][Holder of the majority
of the Controlling Class][Controlling Class Certificateholder][a 225 Bush Controlling Class Certificateholder]
	 	 
	 	By:	 
	 	 	Name:

    Title:

  

Dated:
_______

cc:
J.P. Morgan Chase Commercial Mortgage

Securities
Corp.

 

     Exhibit P-1E-4

     

    

 

EXHIBIT
P-1F

 

FORM
OF NOTICE OF EXCLUDED CONTROLLING CLASS HOLDER TO 

CERTIFICATE ADMINISTRATOR

 

[Date]

 

	Via:
        Email

        Wells Fargo Bank, National Association

        9062 Old Annapolis Road

        Columbia, Maryland 21045

        Attention: Corporate Trust Services (CMBS)

        Benchmark 2019-B14 Mortgage Trust

        trustadministrationgroup@wellsfargo.com;

        cts.cmbs.bond.admin@wellsfargo.com

         

        with
        a copy to:

         

        Wells
        Fargo Bank, National Association, 

        8480
        Stagecoach Circle

        Frederick, Maryland 21701-4747 

        Attention:
        Benchmark 2019-B14 Mortgage Trust

         

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14

 

In
accordance with Section 3.13(b) of the Pooling and Servicing Agreement, with respect to the above-referenced certificates (the
“Certificates”), the undersigned (the “Excluded Controlling Class Holder”) hereby directs
you as follows:

 

1.                 
The undersigned is [the Directing Certificateholder][the Holder of the majority of the Controlling Class][a Controlling Class
Certificateholder][a 225 Bush Controlling Class Certificateholder] as of the date hereof.

 

2.                 
The undersigned has become a Borrower Party with respect to the following [Mortgage Loan(s)] [and] [Whole Loan(s)] (the “[Excluded
Loan][Excluded Controlling Class Loan](s)”):

 

	Loan
    Number	ODCR	Loan
    Name	Borrower
    Name
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

    Exhibit P-1F-1

     

    

 

3.                 
The following USER IDs for CTSLink are affiliated with the undersigned and access to any information on the Certificate Administrator’s
Website with respect to the Benchmark 2019-B14 Mortgage Trust securitization should be revoked as to such users:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

4.                 
The undersigned acknowledges that it is not permitted to access and shall not access any Excluded Information with respect to
such [Excluded Loan][Excluded Controlling Class Loan](s) on the Certificate Administrator’s Website unless and until it
(i) is no longer an Excluded Controlling Class Holder with respect to such [Excluded Loan][Excluded Controlling Class Loan](s),
(ii) has delivered notice of the termination of the related Excluded Controlling Class Holder status and (iii) has submitted an
investor certification in the form of Exhibit P-1B to the Pooling and Servicing Agreement.

 

Capitalized
terms used but not defined herein have the respective meanings given to them in the Pooling and Servicing Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

	 	[Directing
    Certificateholder][Holder of the majority of the Controlling Class][Controlling Class Certificateholder][a 225 Bush Controlling
    Class Certificateholder]
	 	 
	 	By:	 
	 	 	Name:

    Title:

 

Dated:
_______

cc:
J.P. Morgan Chase Commercial Mortgage

Securities
Corp.

 

The
undersigned hereby acknowledges that

access to CTSLink has been revoked for

the users listed in Paragraph 3.

 

WELLS
FARGO BANK, NATIONAL ASSOCIATION, Certificate Administrator 

	 	 
	Name:

    Title:	 

 

 

    Exhibit P-1F-2

     

    

 

EXHIBIT
P-1G

 

Form
of Certification of the Directing Certificateholder

 

[Date]

 

	Midland
                           Loan Services, a Division of PNC Bank, National Association 

        10851
        Mastin Street

        Building
        82, Suite 300

        Overland
        Park, Kansas 66210

        Attention:
        Executive Vice President – Division Head

        Telecopy
        number: 1-888-706-3565

        Email: NoticeAdmin@midlandls.com

        	 	Wells
                           Fargo Bank, National Association
 9062 Old Annapolis Road
 Columbia, Maryland  21045-1951

                           Attention:  Corporate Trust Services (CMBS)
 Benchmark 2019-B14 Mortgage Trust
 Email:  trustadministrationgroup@wellsfargo.com

                           cts.cmbs.bond.admin@wellsfargo.com

	 	 	 
	Pentalpha Surveillance LLC

    375 N. French Road, Suite 100

    Amherst, New York 14228

    Attention: Benchmark 2019-B14—Transaction Manager

    With a copy sent via email to: notices@pentalphasurveillance.com (with Benchmark 2019-B14 in the subject line)	 	Wells
        Fargo Bank, National Association, 

        600
        South 4th Street, 7th Floor 

        MAC
        N9300-070 

        Minneapolis,
        Minnesota 55479

        Attention: Corporate Trust Services (CMBS)

        Benchmark 2019-B14 Mortgage Trust

        

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14

 

In
accordance with Section 3.23 of the Pooling and Servicing Agreement, the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned has been appointed to act as the Directing Certificateholder.

 

2.       The
undersigned is not a Borrower Party.

 

3.       If
the undersigned becomes a Borrower Party with respect to any Mortgage Loan or Whole Loan, the undersigned agrees to and shall
deliver the certification attached as Exhibit P-1D to the Pooling and Servicing Agreement and shall deliver to the applicable
parties the notices attached as Exhibit P-1E and Exhibit P-1F to the Pooling and Servicing Agreement.

 

4.       [For
use with any party other than the initial Directing Certificateholder]The undersigned hereby certifies that an executed copy of
this certification in paper form has been delivered in accordance with the notice provisions of the Pooling and Servicing Agreement
to each of the addressees listed above (a) by overnight courier or (b) mailed by registered mail, postage prepaid

 

    Exhibit P-1G-1

     

    

 

5.       [If
the undersigned or its parent entity primarily operate under an identity other than that of the undersigned and the affiliation
of such identity with the undersigned is not reasonably evident from the undersigned name]The undersigned or its parent entity
primarily operates under the identity __________________________. The directing holder is __________________________.

 

6.       The
undersigned hereby acknowledges that the Certificate Administrator will provide the information provided in item 5 above on its
Distribution Date Statement.

 

7.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned shall have caused, or shall be deemed to have caused its name to be signed hereto by
its duly authorized signatory, as of the date certified.

 

	 	[Directing
    Certificateholder]
	 	 
	 	By:	 
	 	 	Name:

    Title:

 

Dated:
_______

cc:
J.P. Morgan Chase Commercial Mortgage Securities Corp

 

    Exhibit P-1G-2

     

    

 

EXHIBIT
P-1H

 

Form
of Certification of A risk retention consultation party

 

[Date]

 

	Midland
                           Loan Services, a Division of PNC Bank, National Association 

        10851
        Mastin Street 

        Building
        82, Suite 300 

        Overland
        Park, Kansas 66210 

        Attention:
        Executive Vice President – Division Head 

        Telecopy
        number: 1-888-706-3565

        Email:
        NoticeAdmin@midlandls.com
	 	Wells
                           Fargo Bank, National Association
 9062 Old Annapolis Road
 Columbia, Maryland  21045-1951

                           Attention:  Corporate Trust Services (CMBS)
 Benchmark 2019-B14 Mortgage Trust
 Email:  trustadministrationgroup@wellsfargo.com

                           cts.cmbs.bond.admin@wellsfargo.com

	 	 	 
	Pentalpha Surveillance LLC

    375 N. French Road, Suite 100

    Amherst, New York 14228

    Attention: Benchmark 2019-B14—Transaction Manager

    With a copy sent via email to: notices@pentalphasurveillance.com (with Benchmark 2019-B14 in the subject line)	 	Wells
        Fargo Bank, National Association, 

        600
        South 4th Street, 7th Floor 

        MAC
        N9300-070 

        Minneapolis,
        Minnesota 55479

        Attention: Corporate Trust Services (CMBS)

        Benchmark 2019-B14 Mortgage Trust

	 	 	 
	J.P. Morgan Chase Commercial Mortgage Securities
    Corp.

    383 Madison Avenue, 8th Floor

    New York, New York  10179

    Attention: Kunal K. Singh, email: US_CMBS_Notice@jpmorgan.com	 	 

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14

 

In
accordance with [Section 3.23] [Section 6.08] of the Pooling and Servicing Agreement, the undersigned hereby certifies and agrees
as follows:

 

1.       The
undersigned has been appointed to act as a Risk Retention Consultation Party.

 

2.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the
notice provisions of the Pooling and Servicing Agreement to each of the addressees listed above (a) by overnight courier or (b)
mailed by registered mail, postage prepaid.

 

    Exhibit P-1H-1

     

    

 

3.       The
contact information for the undersigned for all notices and other communications is as follows:

 

[_____]

 

4.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned shall have caused, or shall be deemed to have caused its name to be signed hereto by
its duly authorized signatory, as of the date certified.

 

	 	[RISK
    RETENTION CONSULTATION PARTY]
	 	 
	 	By:	 
	 	 	Name:

    Title:

 

Dated:
_______

 

    Exhibit P-1H-2

     

    

 

EXHIBIT
P-2

 

FORM
OF CERTIFICATION FOR NRSROs

 

[Date]

 

Wells
Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

 

		Attention:	Corporate
                                         Trust Services (CMBS), Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through
                                         Certificates, Series 2019-B14

 

In
accordance with the requirements for obtaining certain information pursuant to the Pooling and Servicing Agreement dated as of
November 1, 2019 (the “Pooling and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer,
Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating
Advisor and as Asset Representations Reviewer, with respect to the certificates (the “Certificates”), the undersigned
hereby certifies and agrees as follows:

 

The
undersigned is a Rating Agency hired by the Depositor to provide ratings on the Certificates; or

 

		1.	The
                                         undersigned, a Nationally Recognized Statistical Rating Organization (“NRSRO”);

 

a.     
has provided the Depositor with the appropriate certifications under Exchange Act 17g-5(e);

 

b.      
has access to the Depositor’s 17g-5 website; and

 

c.     
 agrees that either (x) any confidentiality agreement applicable to the undersigned with respect to information obtained from
the Depositor’s 17g-5 website shall also be applicable to information obtained from the 17g-5 Information Provider’s
website or (y) if the undersigned did not access the Depositor’s 17g-5 website prior to the Closing Date, it hereby agrees
that it shall be bound by the provisions of the confidentiality agreement attached hereto as Annex A, which shall be applicable
to it with respect to any information obtained from the 17g-5 Information Provider’s website, including any information
that is obtained from the section of the 17g-5 Information Provider’s website that hosts the Depositor’s 17g-5 website
after the Closing Date.

 

The
undersigned shall be deemed to have recertified to the provisions herein each time it accesses the Information on the Certificate
Administrator’s Website and the 17g-5 Information Provider’s Website.

 

     Exhibit P-2-1

     

    

 

Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

	 	By:	 
	 	 	Name:

    Title:

 

     Exhibit P-2-2

     

    

 

ANNEX
A

 

CONFIDENTIALITY
AGREEMENT

 

This
Confidentiality Agreement (the “Confidentiality Agreement”) is made in connection with JP Morgan Securities
LLC (together with its affiliates, the “Furnishing Entities” and each a “Furnishing Entity”)
furnishing certain financial, operational, structural and other information relating to the issuance of the Benchmark 2019-B14
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 (the “Certificates”) pursuant
to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer and the assets underlying
or referenced by the Certificates, including the identity of, and financial information with respect to borrowers, sponsors, guarantors,
managers and lessees with respect to such assets (together, the “Collateral”) to you (the “NRSRO”)
through the website of Wells Fargo Bank, National Association, as 17g-5 Information Provider under the Pooling and Servicing Agreement,
including the section of the 17g-5 Information Provider’s website that hosts the Depositor’s 17g-5 website after the
Closing Date (as defined in the Pooling and Servicing Agreement. Information provided by each Furnishing Entity is labeled as
provided by the specific Furnishing Entity.

 

		1.	Definition
                                         of Confidential Information. For purposes of this Confidentiality Agreement, the
                                         term “Confidential Information” shall include the following information
                                         (irrespective of its source or form of communication, including information obtained
                                         by you through access to this site) that may be furnished to you by or on behalf of a
                                         Furnishing Entity in connection with the issuance or monitoring of a rating with respect
                                         to the Certificates: (x) all data, reports, interpretations, forecasts, records,
                                         agreements, legal documents and other information (such information, the “Evaluation
                                         Material”) and (y)  any of the terms, conditions or other facts with respect
                                         to the transactions contemplated by the Pooling and Servicing Agreement, including the
                                         status thereof; provided, however, that the term Confidential Information
                                         shall not include information which:

 

		●	was
                                         or becomes generally available to the public (including through filing with the Securities
                                         and Exchange Commission or disclosure in an offering document) other than as a result
                                         of a disclosure by you or a NRSRO Representative (as defined in Section 2(c)(i)
                                         below) in violation of this Confidentiality Agreement;

 

		●	was
                                         or is lawfully obtained by you from a source other than a Furnishing Entity or its representatives
                                         that (i) is reasonably believed by you to be under no obligation to maintain the
                                         information as confidential and (ii) provides it to you without any obligation to
                                         maintain the information as confidential; or

 

		●	is
                                         independently developed by the NRSRO without reference to any Confidential Information.

 

     Exhibit P-2-3

     

    

 

		2.	Information
                                         to Be Held in Confidence.

 

		a.	You
                                         will use the Confidential Information solely for the purpose of determining or monitoring
                                         a credit rating on the Certificates and, to the extent that any information used is derived
                                         from but does not reveal any Confidential Information, for benchmarking, modeling or
                                         research purposes (the “Intended Purpose”).

 

		b.	You
                                         acknowledge that you are aware that the United States and state securities laws impose
                                         restrictions on trading in securities when in possession of material, non-public information
                                         and that the NRSRO will advise (through policy manuals or otherwise) each NRSRO Representative
                                         who is informed of the matters that are the subject of this Confidentiality Agreement
                                         to that effect.

 

		c.	You
                                         will treat the Confidential Information as private and confidential. Subject to Section
                                         4, without the prior written consent of the applicable Furnishing Entity, you will not
                                         disclose to any person any Confidential Information, whether such Confidential Information
                                         was furnished to you before, on or after the date of this Confidentiality Agreement.
                                         Notwithstanding the foregoing, you may:

 

		i.	disclose
                                         the Confidential Information to any of the NRSRO’s affiliates, directors, officers,
                                         employees, legal representatives, agents and advisors (each, a “NRSRO Representative”)
                                         who, in the reasonable judgment of the NRSRO, need to know such Confidential Information
                                         in connection with the Intended Purpose; provided, that, prior to disclosure of
                                         the Confidential Information to a NRSRO Representative, the NRSRO shall have taken reasonable
                                         precautions to ensure, and shall be satisfied, that such NRSRO Representative will act
                                         in accordance with this Confidentiality Agreement;

 

		ii.	solely
                                         to the extent required for compliance with Rule 17g-5(a)(3) of the Act (17 C.F.R. 240.17g-5),post
                                         the Confidential Information to the NRSRO’s password protected website; and

 

		iii.	use
                                         information derived from the Confidential Information in connection with an Intended
                                         Purpose, if such derived information does not reveal any Confidential Information.

 

		3.	Disclosures
                                         Required by Law. If you or any NRSRO Representative is requested or required (orally
                                         or in writing, by interrogatory, subpoena, civil investigatory demand, request for information
                                         or documents, deposition or similar process relating to any legal proceeding, investigation,
                                         hearing or otherwise) to disclose any Confidential Information, you agree to provide
                                         the relevant Furnishing Entity with notice as soon as practicable (except in the case
                                         of regulatory or other governmental inquiry, examination or investigation, and otherwise
                                         to the extent practical and permitted by law, regulation or regulatory or other governmental
                                         authority) that a request to disclose the Confidential Information has been made so that
                                         the relevant Furnishing Entity may seek an appropriate protective order or other reasonable
                                         assurance that confidential treatment will

 

     Exhibit P-2-4

     

    

 

			be
                                         accorded the Confidential Information if it so chooses. Unless otherwise required by
                                         a court or other governmental or regulatory authority to do so, and provided that you
                                         been informed by written notice that the related Furnishing Entity is seeking a protective
                                         order or other reasonable assurance for confidential treatment with respect to the requested
                                         Confidential Information, you agree not to disclose the Confidential Information while
                                         the Furnishing Entity’s effort to obtain such a protective order or other reasonable
                                         assurance for confidential treatment is pending. You agree to reasonably cooperate with
                                         each Furnishing Entity in its efforts to obtain a protective order or other reasonable
                                         assurance that confidential treatment will be accorded to the portion of the Confidential
                                         Information that is being disclosed, at the sole expense of such Furnishing Entity; provided,
                                         however, that in no event shall the NRSRO be required to take a position that
                                         such information should be entitled to receive such a protective order or reasonable
                                         assurance as to confidential treatment. If a Furnishing Entity succeeds in obtaining
                                         a protective order or other remedy, you agree to comply with its terms with respect to
                                         the disclosure of the Confidential Information, at the sole expense of such Furnishing
                                         Entity. If a protective order or other remedy is not obtained or if the relevant Furnishing
                                         Entity waives compliance with the provisions of this Confidentiality Agreement in writing,
                                         you agree to furnish only such information as you are legally required to disclose, at
                                         the sole expense of the relevant Furnishing Entity.

 

		4.	Obligation
                                         to Return Evaluation Material. Promptly upon written request by or on behalf of the
                                         relevant Furnishing Entity, all material or documents, including copies thereof, that
                                         contain Evaluation Material will be destroyed or, in your sole discretion, returned to
                                         the relevant Furnishing Entity. Notwithstanding the foregoing, (a) the NRSRO may retain
                                         one or more copies of any document or other material containing Evaluation Material to
                                         the extent necessary for legal or regulatory compliance (or compliance with the NRSRO’s
                                         internal policies and procedures designed to ensure legal or regulatory compliance) and
                                         (b) the NRSRO may retain any portion of the Evaluation Material that may be found in
                                         backup tapes or other archive or electronic media or other documents prepared by the
                                         NRSRO and any Evaluation Material obtained in an oral communication; provided,
                                         that any Evaluation Material so retained by the NRSRO will remain subject to this Confidentiality
                                         Agreement and the NRSRO will remain bound by the terms of this Confidentiality Agreement.

 

		5.	Violations
                                         of this Confidentiality Agreement.

 

		a.	The
                                         NRSRO will be responsible for any breach of this Confidentiality Agreement by you, the
                                         NRSRO or any NRSRO Representative.

 

		b.	You
                                         agree promptly to advise each relevant Furnishing Entity in writing of any misappropriation
                                         or unauthorized disclosure or use by any person of the Confidential Information which
                                         may come to your attention and to take all steps reasonably requested by such Furnishing
                                         Entity to limit, stop or otherwise remedy such misappropriation, or unauthorized disclosure
                                         or use.

 

		c.	You
                                         acknowledge and agree that the Furnishing Entities would not have an adequate remedy
                                         at law and would be irreparably harmed in the event that any of the provisions of this
                                         Confidentiality Agreement were not performed in

 

     Exhibit P-2-5

     

    

 

			accordance
                                         with their specific terms or were otherwise breached. It is accordingly agreed that each
                                         Furnishing Entity shall be entitled to specific performance and injunctive relief to
                                         prevent breaches of this Confidentiality Agreement and to specifically enforce the terms
                                         and provisions hereof, in addition to any other remedy to which a Furnishing Entity may
                                         be entitled at law or in equity. It is further understood and agreed that no failure
                                         to or delay in exercising any right, power or privilege hereunder shall preclude any
                                         other or further exercise of any right, power or privilege.

 

		6.	Term.
                                         Notwithstanding the termination or cancellation of this Confidentiality Agreement and
                                         regardless of whether the NRSRO has provided a credit rating on a Security, your obligations
                                         under this Confidentiality Agreement will survive indefinitely.

 

		7.	Governing
                                         Law. This Confidentiality Agreement and any claim, controversy or dispute arising
                                         under the Confidentiality Agreement, the relationships of the parties and/or the interpretation
                                         and enforcement of the rights and duties of the parties shall be governed by and construed
                                         in accordance with the laws of the State of New York applicable to agreements made and
                                         to be performed within such State.

 

		8.	Amendments.
                                         This Confidentiality Agreement may be modified or waived only by a separate writing by
                                         the NRSRO and each Furnishing Entity.

 

		9.	Entire
                                         Agreement. This Confidentiality Agreement represents the entire agreement between
                                         you and the Furnishing Entities relating to the treatment of Confidential Information
                                         heretofore or hereafter reviewed or inspected by you. This agreement supersedes all other
                                         understandings and agreements between us relating to such matters; provided, however,
                                         that, if the terms of this Confidentiality Agreement conflict with another agreement
                                         relating to the Confidential Information that specifically states that the terms of such
                                         agreement shall supersede, modify or amend the terms of this Confidentiality Agreement,
                                         then to the extent the terms of this Confidentiality Agreement conflict with such agreement,
                                         the terms of such agreement shall control notwithstanding acceptance by you of the terms
                                         hereof by entry into this website.

 

		10.	Contact
                                         Information. Notices for each Furnishing Entity under this Confidentiality Agreement,
                                         shall be directed as set forth below:

 

JP
Morgan Securities LLC

383 Madison Avenue, 8th Floor

New York, New York 10179

 

     Exhibit P-2-6

     

    

 

EXHIBIT
P-3

 

ONLINE
MARKET DATA PROVIDER CERTIFICATION

 

Wells
Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

 

		Attention:	Corporate
                                         Trust Services (CMBS), Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through
                                         Certificates, Series 2019-B14

 

This
Certification has been prepared for provision of information to the market data providers listed in Paragraph 1 below pursuant
to the direction of the Depositor. If you represent a Market Data Provider not listed herein and would like access to the information,
please contact CTSLink at 866-846-4526, or at ctslink.customerservice@wellsfargo.com.

 

In
accordance with the requirements for obtaining certain information pursuant to the Pooling and Servicing Agreement dated as of
November 1, 2019 (the “Pooling and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer,
Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating
Advisor and as Asset Representations Reviewer, with respect to the above-referenced certificates (the “Certificates”),
the undersigned hereby certifies and agrees as follows:

 

		1.	The
                                         undersigned is an employee or agent of Bloomberg, L.P., Trepp, LLC, Intex Solutions,
                                         Inc., BlackRock Financial Management, Inc., Interactive Data Corporation, CMBS.com, Inc.,
                                         Markit Group Limited, Moody’s Analytics, MBS Data, LLC, RealINSIGHT and Thomson
                                         Reuters Corporation, a market data provider that has been given access to the Statements
                                         to Certificateholders, CREFC® Reports and supplemental notices on www.ctslink.com
                                         (“CTSLink”) by request of the Depositor.

 

		2.	The
                                         undersigned agrees that each time it accesses CTSLink, the undersigned is deemed to have
                                         recertified that the representation above remains true and correct.

 

		3.	The
                                         undersigned acknowledges and agrees that the provision to it of information and/or reports
                                         on CTSLink is for its own use only, and agrees that it will not disseminate or otherwise
                                         make such information available to any other person without the written consent of the
                                         Depositor.

 

		4.	The
                                         undersigned shall be fully liable for any breach of the terms of this certification by
                                         itself or any of its Representatives and shall indemnify the Depositor, the Trustee,
                                         the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating
                                         Advisor, the Asset Representations Reviewer and the Trust Fund for any loss, liability
                                         or expense incurred thereby with respect to any such breach by the undersigned or any
                                         of its Representatives.

 

    Exhibit P-3-1

     

    

 

		5.	Capitalized
                                         terms used but not defined herein shall have the respective meanings assigned thereto
                                         in the Pooling and Servicing Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

    Exhibit P-3-2

     

    

 

EXHIBIT Q

 

CUSTODIAN CERTIFICATION/EXCEPTION REPORT

 

[DATE]

 

To the Persons Listed on the attached Schedule A

 

		Re:	Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2019-B14 

 

Ladies and Gentlemen:

 

In accordance with Section
2.02 of the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and
as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer, the undersigned, as Custodian,
hereby certifies that, except as noted on the attached Custodial Exception Report, as to each Mortgage Loan and Trust Subordinate
Companion Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan or Trust Subordinate Companion Loan paid in full
or for which a Liquidation Event has occurred) the Custodian has, subject to Section 2.02(c) of the Pooling and Servicing Agreement,
reviewed the documents delivered to it pursuant to Section 2.01 of the Pooling and Servicing Agreement and has determined that
(i) all documents specified in [clauses (i) through (v), (viii), (ix), (xi), (xii) and (xiii) (or with respect to clause (xii)],
a copy of such letter of credit and the required officer’s certificate), if any, of the definition of “Mortgage File”,
as applicable, with respect to the Mortgage Loans and Trust Subordinate Companion Loan are in its possession, (ii) the foregoing
documents delivered or caused to be delivered by the Mortgage Loan Seller have been reviewed by it or by a Custodian on its behalf
and appear regular on their face and appear to be executed and to relate to such Mortgage Loan or Trust Subordinate Companion Loan
and (iii) based on such examination and only as to the foregoing documents, the information set forth in the Mortgage Loan Schedule
with respect to the items specified in clauses (iv), (vi) and (viii)(c) in the definition of “Mortgage Loan Schedule”
is correct.

 

Capitalized words and
phrases used herein shall have the respective meanings assigned to them in the above-captioned Pooling and Servicing Agreement.

 

     Exhibit Q-1

     

    

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Custodian
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

     Exhibit Q-2

     

    

 

SCHEDULE A

 

	
        J.P. Morgan Chase Commercial Mortgage Securities Corp.

        383 Madison Avenue

        8th Floor

        New York, New York 10179

        

         

        S&P Global Ratings

        

        55 Water Street, 41st Floor

        

        New York, New York 10041

        

        Attention: Commercial Mortgage Surveillance Manager

        

        Email: cmbs_info_17g5@standardandpoors.com

         

        Fitch Ratings, Inc.

        One State Street Plaza

        New York, New York 10004

        Attention: Commercial Mortgage Backed Securities Surveillance

        Facsimile No.: (212) 635-0295

        

        E-mail: info.cmbs@fitchratings.com

         

        Kroll Bond Rating Agency, Inc.

805 Third Avenue 29th floor

New York, New York 10022

Attention: CMBS Surveillance

Facsimile No.: (646) 731-2395

 

        Midland Loan Services, a Division
        of PNC Bank, National Association

        

        10851 Mastin Street

        

        Building 82, Suite 300

        

        Overland Park, Kansas 66210

        

        Attention: Executive Vice President – Division Head

        

        Telecopy number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com 
	
        Wells Fargo Bank, National Association

        9062 Old Annapolis Road

        Columbia, Maryland 21045-1951

        Attention: Corporate Trust Services (CMBS)

        Benchmark 2019-B14 Mortgage Trust

        Telecopy Number: (410) 715 2380

        E-Mail: trustadministrationgroup@wellsfargo.com; cts.cmbs.bond.admin@wellsfargo.com

         

        Pentalpha Surveillance LLC

        

        375 N. French Road, Suite 100

        

        Amherst, New York 14228

        

        Attention: Benchmark 2019-B14—Transaction Manager

        

        With a copy sent via email to: notices@pentalphasurveillance.com
        (with Benchmark 2019-B14 in the subject line)

        

         

        [DIRECTING CERTIFICATEHOLDER NOTICE ADDRESS]

        

         

        [APPLICABLE MORTGAGE LOAN
        SELLER’S NOTICE ADDRESS]

         

	 	 

     Exhibit Q-3

     

    

 

EXHIBIT R

 

FORM OF POWER OF ATTORNEY BY TRUSTEE

FOR MASTER SERVICER AND SPECIAL SERVICER 

 

RECORDING REQUESTED BY:

 

Midland Loan Services, a Division of PNC Bank, National Association

10851 Mastin Street, Suite 700

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Fax number: (888) 706-3565

Email: NoticeAdmin@midlandls.com

 

 

SPACE ABOVE THIS LINE FOR RECORDER’S
USE

 

LIMITED POWER OF ATTORNEY

 

Wells Fargo Bank, National
Association, a national banking association organized and existing under the laws of the United States and having an office at
9062 Old Annapolis Road, Columbia, Maryland 21045-1951, not in its individual capacity but solely as Trustee (in such capacity,
the “Trustee”), hereby constitutes and appoints Midland Loan Services, a Division of PNC Bank, National Association
(the “Master Servicer” and the “Special Servicer”), as its true and lawful attorney-in-fact
(in either capacity, as appropriate, the “Attorney-In-Fact”), and in its name, aforesaid Attorney-In-Fact, by
and through any authorized representative appointed by the Board of Directors of the Attorney-In-Fact, to execute and acknowledge
in writing or by facsimile stamp all documents customarily and reasonably necessary and appropriate for the tasks described in
the items (1) through (12) below; provided however, that the documents described below may only be executed and delivered
by the Attorney-In-Fact if such documents are required or permitted under the terms of the Pooling and Servicing Agreement, dated
as of November 1, 2019 (the “Agreement”) between J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, the Master Servicer, as master servicer, the Special Servicer, as special servicer, Wells Fargo Bank, National Association,
as Certificate Administrator (in such capacity, the “Certificate Administrator”) and as Trustee, and Pentalpha
Surveillance LLC, as Asset Representations Reviewer (in such capacity, the “Asset Representations Reviewer”)
and Operating Advisor (in such capacity, the “Operating Advisor”), relating to the Benchmark 2019-B14 Mortgage
Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 and no power is granted hereunder to take any action that
would be adverse to the interests of Wells Fargo Bank, National Association.

 

This Limited Power of
Attorney is being issued in connection with the Master Servicer’s responsibilities to service certain mortgage loans and
the Trust Subordinate Companion Loan (the “Loans”) held by Wells Fargo Bank, National Association, as Trustee.
The Loans are comprised of mortgages or deeds of trust (the “Mortgages” and “Deeds of Trust”
respectively), and other forms of security instruments (collectively, the “Security Instruments”)

 

     Exhibit R-1

     

    

 

and the Mortgage
Notes secured thereby. Capitalized terms used but not defined herein shall have the respective meanings assigned thereto in the
Agreement.

 

1.          Demand,
sue for, recover, collect and receive each and every sum of money, debt, account and interest (which now is, or hereafter shall
become due and payable) belonging to or claimed by Wells Fargo Bank, National Association, as Trustee, and to use or take any lawful
means for recovery by legal process or otherwise, including but not limited to the substitution of trustee serving under a Deed
of Trust, the preparation and issuance of statements of breach, notices of default, and/or notices of sale, accepting deeds in
lieu of foreclosure, evicting (to the extent allowed by federal, state or local laws) and foreclosing on the properties under the
Security Instruments by judicial or non-judicial foreclosure, actions for temporary restraining orders, injunctions, appointments
of receiver, suits for waste, fraud and any and all other tort, contractual or other claims of whatever nature, including execution
of any evidentiary affidavits or verifications in support thereof, as may be necessary or advisable in any bankruptcy action, state
or federal suit or any other action.

 

2.          Execute
and/or file such documents and take such other action as is proper and necessary to defend Wells Fargo Bank, National Association,
as Trustee, in litigation and to resolve any litigation where the Master Servicer and the Special Servicer has an obligation to
defend Wells Fargo Bank, National Association, as Trustee, including but not limited to dismissal, termination, cancellation, rescission
and settlement.

 

3.          Transact
business of any kind regarding the Loans and the Mortgaged Properties.

 

4.          Obtain
an interest in the Loans, Mortgaged Properties and/or building thereon, as Wells Fargo Bank, National Association, as Trustee’s
act and deed, to contract for, purchase, receive and take possession and evidence of title in and to the property and/or to secure
payment of a promissory note or performance of any obligation or agreement.

 

5.          Execute,
complete, indorse or file bonds, notes, Mortgages, Deeds of Trust and other contracts, agreements and instruments regarding the
Borrowers, the Loans and/or the Mortgaged Properties, including but not limited to the execution of estoppel certificates, financing
statements, continuation statements, releases, satisfactions, assignments, loan modification agreements, payment plans, waivers,
consents, amendments, forbearance agreements, loan assumption agreements, subordination agreements, property adjustment agreements,
non-disturbance and attornment agreements, leasing agreements, management agreements, listing agreements, purchase and sale agreements,
and other instruments pertaining to Mortgages or Deeds of Trust, and execution of deeds and associated instruments, if any, conveying
the Mortgaged Properties, in the interest of Wells Fargo Bank, National Association, as Trustee.

 

6.          Endorse
on behalf of the undersigned all checks, drafts and/or other negotiable instruments made payable to the undersigned and draw upon,
replace, substitute, release or amend letters of credit as property securing the Loans.

 

7.          [RESERVED].

 

     Exhibit R-2

     

    

 

8.          Such
other actions and file such other instruments and certifications as are reasonably necessary to complete or accomplish the Master
Servicer’s and thje Special Servicer’s duties and responsibilities under the Agreement.

 

9.          Execute
any document or perform any act described in items (3), (4), and (5) in connection with the termination of any Trust as necessary
to transfer ownership of the affected Loans to the entity (or its designee or assignee) possessing the right to obtain ownership
of the Loans.

 

10.        Subordinate
the lien of a Mortgage, Deed of Trust, or deed to secure debt (i) for the purpose of refinancing Loans, where applicable,
or (ii) to an easement in favor of a public utility company or a government agency or unit with powers of eminent domain,
including but not limited to the execution of partial satisfactions and releases and partial reconveyances reasonably required
for such purpose, and the execution or requests to the trustees to accomplish the same.

 

11.        Convey
the Property to the mortgage insurer, or close the title to the Mortgaged Property to be acquired as real estate owned, or convey
title to real estate owned property (“REO Property”).

 

12.        Execute
and deliver the following documentation with respect to the sale of the REO Property acquired through a foreclosure or deed-in-lieu
of foreclosure, including, without limitation, listing agreements, purchase and sale agreements, grant / limited or special warranty
/ quit claim deeds or any other deed, but not general warranty deeds, causing the transfer of title of the Mortgaged Property to
a party contracted to purchase same, escrow instructions and any all documents necessary to effect the transfer of REO Property.

 

The undersigned gives
said Attorney-in-Fact full power and authority to execute such instruments and to do and perform all and every act and thing necessary
and proper to carry into effect the power or powers granted by or under this Limited Power of Attorney as fully as the undersigned
might or could do as of the Closing Date.

 

This Limited Power of
Attorney is effective as of the date below and shall remain in full force and effect until (a) revoked in writing by the Trustee,
or (b) the termination, resignation or removal of the Trustee as trustee under the Agreement, or (c) the termination, resignation
or removal of the Master Servicer as master servicer under the Agreement, or (d) the termination of the Agreement, whichever occurs
earlier.

 

This appointment is to
be construed and interpreted as a limited power of attorney. The enumeration of specific items, rights, acts or powers herein is
not intended to, nor does it give rise to, and it is not to be construed as a general power of attorney.

 

The Attorney-In-Fact
hereby agrees to indemnify and hold Wells Fargo Bank, National Association, as Trustee, and its directors, officers, employees
and agents harmless from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses or disbursements of any kind or nature whatsoever incurred by the Trustee by reason or result of the misuse of
this Limited Power of Attorney by the Attorney-In-Fact. The foregoing indemnity shall survive the termination of this Limited Power
of Attorney and the

 

     Exhibit R-3

     

    

 

Agreement or the earlier resignation or removal of Wells Fargo Bank, National Association, as Trustee under
the Agreement.

 

IN WITNESS WHEREOF, Wells
Fargo Bank, National Association, as Trustee for the benefit of the registered holders of Benchmark 2019-B14 Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2019-B14 has caused these presents to be signed and acknowledged in its name and behalf
by a duly elected and authorized signatory this _________ day of ________, 20[__].

  

[SIGNATURE PAGE FOLLOWS]

 

     Exhibit R-4

     

    

 

	 	Wells Fargo Bank, National Association, as Trustee for the benefit of the registered holders of
    Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14

  

		 	By:	
	Witness:	 	 	, Vice President

 

		 	 	
	Witness:	 	Attest:	 Assistant Secretary

 

     Exhibit R-5

     

    

 

	STATE OF	)	 
	 	) ss.:	 
	COUNTY OF	)	 

 

On ________________________,
before me, _________________________________ Notary Public, personally appeared ___________________________, who proved to me on
the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that
he/she executed the same in his/her authorized capacity and that by his/her signature on the instrument the person, or the entity
upon behalf of which the person acted, executed the instrument.

 

Witness my hand and official seal.

 

	 	 
	 	 Notary Public

 

	[SEAL]	 
	 	 
	My commission expires:	 
	 	 

 

     Exhibit R-6

     

    

 

EXHIBIT S 

 

INITIAL COMPANION HOLDERS

  

	Loan	Companion Holder
	225 Bush	
        

         

        Notes A-1, A-6 and B

        

        Midland Loan Services, a Division of PNC Bank, National Association,
        for the holders of the Benchmark 2019-B14

        

        Mortgage Trust Commercial Mortgage Pass-Through Certificates,
        Series 2019-B14

        

         

        Notice Address:

        

        Midland Loan Services, a Division of PNC
        Bank, National Association,

        10851 Mastin Street, Suite 700

        Overland Park, Kansas 66210

        Attention: Executive Vice President – Division Head,

        Fax number: 1-888-706-3565

        Email: NoticeAdmin@midlandls.com

        

         

        with a copy to:

         

        Stinson LLP

        1201 Walnut Street

        Suite 2900

        Kansas City, Missouri 64106-2150

        Fax Number: (816) 412-9338

        Attention: Kenda K. Tomes

        Email: kenda.tomes@stinson.com 

         

        Notes A-2, A-3. A-4 and A-5

        

        DBR Investments Co. Limited

         

        Notice Address:

        

        DBR Investments Co. Limited

        60 Wall Street, 10th Floor

        New York, New York 10005

        Attention: Robert W. Pettinato, Jr.

        Facsimile No.: (212) 797-4489

        E-mail: Robert.Pettinato@db.com

         

        with a copy to:

         

        DBR Investments Co. Limited

        60 Wall Street, 10th Floor

        New York, New York 10005

        Attention: General Counsel

        Facsimile No. (646) 736-5721

        

         

	The Essex	
        

         

        Notes A-1-1 and A-1-3

        

        Midland Loan Services, a Division of PNC Bank, National Association,
        for the holders of the Benchmark 2019-B14

        

 

     Exhibit S-1

     

    

 

		
        

        

        Mortgage Trust Commercial Mortgage Pass-Through Certificates,
        Series 2019-B14

        

         

        Notice Address:

        

        Midland Loan Services, a Division of PNC
        Bank, National Association,

        10851 Mastin Street, Suite 700

        Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head,

Fax number: 1-888-706-3565

        Email: NoticeAdmin@midlandls.com

        

         

        with a copy to:

         

        Stinson LLP

        1201 Walnut Street

        Suite 2900

        Kansas City, Missouri 64106-2150

        Fax Number: (816) 412-9338

        Attention: Kenda K. Tomes

        Email: kenda.tomes@stinson.com 

         

        Notes A-1-2 and B-1 

        

        JPMorgan Chase Bank, National Association

        

         

        Notice Address:

        

        JPMorgan Chase Bank, National Association

        383 Madison Avenue, 8th Floor

        New York, New York 10179

        Attention: Thomas Nicholas Cassino

        E-mail: thomas.cassino@jpmorgan.com

         

        with a copy to:

        

         

        JPMorgan Chase Bank, National Association

        

        4 Chase Metrotech Center, 4th Floor

        

        Brooklyn, New York 11245-0001

        

        Attention: Nancy S. Alto

         

        with a copy to:

         

        Cadwalader, Wickersham & Taft LLP

        One World Financial Center

        New York, New York 10281

        Attention: William P. McInerney, Esq.

        E-mail: William.McInerney@cwt.com

        

         

        Notes A-1-4 and B-2

        

        Goldman Sachs Bank USA

         

        Notice Address:

        

        Goldman Sachs Bank USA

        200 West Street

        New York, New York 10282

        Attention: Leah Nivison

        Email: leah.nivison@gs.com

        

         

        with a copy to: 

 

     Exhibit S-2

     

    

 

		
        

        

         

        Goldman Sachs Bank USA

        

        200 West Street

        New York, New York 10282

        Attention: Brian Bolton

        Email: brian.bolton@gs.com

         

	Innovation Park	
        

         

        Note A-1

        

        Midland Loan Services, a Division of PNC Bank, National Association,
        for the holders of the Benchmark 2019-B14

        

        Mortgage Trust Commercial Mortgage Pass-Through Certificates,
        Series 2019-B14

        

         

        Notice Address:

        

        Midland Loan Services, a Division of PNC
        Bank, National Association,

        10851 Mastin Street, Suite 700

        Overland Park, Kansas 66210

        Attention: Executive Vice President – Division Head,

        Fax number: 1-888-706-3565

        

        Email: NoticeAdmin@midlandls.com

         

        with a copy to:

        

         

        Stinson LLP

        1201 Walnut Street

        Suite 2900

        Kansas City, Missouri 64106-2150

        Fax Number: (816) 412-9338

        Attention: Kenda K. Tomes

        Email: kenda.tomes@stinson.com 

         

        Notes A-2 and A-3

        

        JPMorgan Chase Bank, National Association

         

        Notice Address:

        

        JPMorgan Chase Bank, National Association

        

        383 Madison Avenue, 8th Floor

        

        New York, New York 10179

        

        Email: US_CMBS_Notice@jpmorgan.com

        

        Attention: Kunal K. Singh

         

        with a copy to:

        

         

        JPMorgan Chase Bank, National Association

        

        4 New York Plaza, 21st Floor

        

        New York, New York 10004-2413

        

        Attention: SPG Legal

        

        Email: US_CMBS_Notice@jpmorgan.com

        

         

	180 Water	
        

         

        Note A-1

        

        Midland Loan Services, a Division of PNC Bank, National Association,
        for the holders of the Benchmark 2019-B14

        Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2019-B14

        

         

        Notice Address:

        

 

     Exhibit S-3

     

    

 

		
        

        

        Midland Loan Services, a Division
of PNC Bank, National Association,

10851 Mastin Street, Suite 700

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head,

Fax number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

 

        with a copy to:

        

         

        Stinson LLP

        1201 Walnut Street

        Suite 2900

        Kansas City, Missouri 64106-2150

        Fax Number: (816) 412-9338

        Attention: Kenda K. Tomes

        Email: kenda.tomes@stinson.com 

        

         

        Notes A-2, A-3, A-4, A-5 and B

        

        DBR Investments Co. Limited

 

        Notice Address:

        

        DBR Investments Co. Limited

        60 Wall Street, 10th Floor

        New York, New York 10005

        Attention: Robert W. Pettinato, Jr.

        Facsimile No.: (212) 797 4489

        

        E-mail: Robert.Pettinato@db.com

        

         

        with a copy to:

         

        DBR Investments Co. Limited

        60 Wall Street, 10th Floor

        New York, New York 10005

        Attention: General Counsel

        Facsimile No. (646) 736 5721

        

         

	Harvey Building Products Portfolio	
        

         

        Notes A-1 and A-3

        

        Citi Real Estate Funding Inc.

 

        Notice Address:

        

        Citi Real Estate Funding Inc.

388 Greenwich Street, 6th Floor

New York, New York 10013

Attention: Richard Simpson

Facsimile number: (646) 328-2943

 

        with an electronic copy emailed to: richard.simpson@citi.com

        

         

        with copies to:

        

         

        Citi Real Estate Funding Inc.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Raul Orozco

Facsimile number: (347) 394-0898

 

     Exhibit S-4

     

    

 

		
        

         

        

        with an electronic copy emailed to: raul.d.orozco@citi.com

        

         

        and:

        

         

        Citi Real Estate Funding Inc.

        388 Greenwich Street, 17th Floor

        New York, New York 10013

        Attention: Ryan M. O’Connor

        Facsimile number: (646) 862-8988

        

         

        with an electronic copy emailed to: ryan.m.oconnor@citi.com

        

         

        Note A-2

        

        Midland Loan Services, a Division of PNC Bank, National
Association, for the holders of the Benchmark 2019-B14 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2019-B14

 

        Notice Address:

        

        Midland Loan Services, a Division
of PNC Bank, National Association,

10851 Mastin Street, Suite 700

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head,

Fax number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

 

        with a copy to:

        

         

        Stinson LLP

        1201 Walnut Street

        Suite 2900

        Kansas City, Missouri 64106-2150

        Fax Number: (816) 412-9338

        Attention: Kenda K. Tomes

        Email: kenda.tomes@stinson.com 

        

         

	Legends at VillageWest	
          

        Note A-1

        

        Midland Loan Services, a Division of PNC Bank, National Association,
        for the holders of the Benchmark 2019-B14 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2019-B14

        

         

        Notice Address:

        

        Midland Loan Services, a Division
of PNC Bank, National Association,

10851 Mastin Street, Suite 700

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head,

Fax number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

 

        with a copy to:

        

         

        Stinson LLP

1201 Walnut Street

Suite 2900

Kansas City, Missouri 64106-2150

        

 

     Exhibit S-5

     

    

 

		
        Fax Number: (816) 412-9338

Attention: Kenda K. Tomes

Email: kenda.tomes@stinson.com

         

        Notes A-2 and A-3

        

        Citi Real Estate Funding Inc.

 

        Notice Address:

        

        Citi Real Estate Funding Inc.

388 Greenwich Street, 6th Floor

New York, New York 10013

Attention: Richard Simpson

Facsimile number: (646) 328-2943

 

        with an electronic copy emailed to: richard.simpson@citi.com

        

         

        with copies to:

        

         

        Citi Real Estate Funding Inc.

        390 Greenwich Street, 5th Floor

        New York, New York 10013

        Attention: Raul Orozco

        Facsimile number: (347) 394-0898

        

         

        with an electronic copy emailed to: raul.d.orozco@citi.com

        

         

        and:

        

         

        Citi Real Estate Funding Inc.

        388 Greenwich Street, 17th Floor

        New York, New York 10013

        Attention: Ryan M. O’Connor

        Facsimile number: (646) 862-8988

        

         

        with an electronic copy emailed to: ryan.m.oconnor@citi.com

        

         

	Hilton Cincinnati Netherland Plaza	
        Note A-1

        

        Midland Loan Services, a Division of PNC Bank, National Association,
        for the holders of the Benchmark 2019-B14 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2019-B14

        

         

        Notice Address:

        

        Midland Loan Services, a Division
of PNC Bank, National Association,

10851 Mastin Street, Suite 700

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head,

Fax number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

 

        with a copy to:

        

         

        Stinson LLP

1201 Walnut Street

Suite 2900

Kansas City, Missouri 64106-2150

Fax Number: (816) 412-9338

        

 

     Exhibit S-6

     

    

 

		 Attention: Kenda K. Tomes

        Email: kenda.tomes@stinson.com
        

         

        Notes A-2 and A-3

        

        JPMorgan Chase Bank, National Association

        

        Notice Address:

        JPMorgan Chase Bank, National Association

        383 Madison Avenue, 8th Floor

        New York, New York 10179

        Email: US_CMBS_Notice@jpmorgan.com

        Attention: Kunal K. Singh
        

         

        -and-

         

        JPMorgan Chase Bank, National Association

        4 New York Plaza, 21st Floor

        New York, New York 10004-2413

        Attention: SPG Legal

         

        Email: US_CMBS_Notice@jpmorgan.com

        

         

	8 West Centre	
        Note A-1

        

        Midland Loan Services, a Division of PNC Bank, National Association,
        for the holders of the Benchmark 2019-B14 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2019-B14

        

         

        Notice Address:

        

        Midland Loan Services, a Division of PNC
        Bank, National Association,

        10851 Mastin Street, Suite 700

        Overland Park, Kansas 66210

        Attention: Executive Vice President – Division Head,

        Fax number: 1-888-706-3565

        Email: NoticeAdmin@midlandls.com

        

         

        with a copy to:

        

         

        Stinson LLP

        1201 Walnut Street

        Suite 2900

        Kansas City, Missouri 64106-2150

        Fax Number: (816) 412-9338

        Attention: Kenda K. Tomes

        Email: kenda.tomes@stinson.com 

         

        Note A-2

         

        JPMorgan Chase Bank, National Association

Notice Address:

JPMorgan Chase Bank, National Association

383 Madison Avenue, 8th Floor

New York, New York 10179

Email: US_CMBS_Notice@jpmorgan.com

Attention: Kunal K. Singh

 

 

     Exhibit S-7

     

    

 

		-and-

JPMorgan Chase Bank, National Association

4 New York Plaza, 21st Floor

New York, New York 10004-2413

Attention: SPG Legal

        Email: US_CMBS_Notice@jpmorgan.com

         

 

     Exhibit S-8

     

    

 

EXHIBIT T

 

FORM OF NOTICE RELATING TO THE NON-SERVICED
MORTGAGE LOANS

 

[Date]

 

[OSBORN TRIANGLE:

Keybank National Association

11501 Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Michael A. Tilden

Email: Michael_A_Tilden@Keybank.Com

 

With A Copy To:

 

Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

Facsimile: (816) 753-1536

Email: Kkohring@Polsinelli.Com]

 

[tysons tower, 230 park
avenue south, 600 & 620 National Avenue:

Wells Fargo Bank, National Association

Commercial Mortgage Servicing

401 South Tryon Street, 8th Floor

MAC D1050-084

Charlotte, North Carolina 28202

Attention: [BANK 2019-BNK21] [BANK 2019-BNK21] [UBS 2019-C17] Asset Manager

Facsimile number: (704) 715-0036

Email: commercial.servicing@wellsfargo.com

 

with a copy to:

 

K&L Gates LLP

Hearst Tower, 47th Floor

214 North Tryon Street

Charlotte, North Carolina 28202

Attention: Stacy G. Ackermann

Reference: [BANK 2019-BNK21] [BANK 2019-BNK21] [UBS 2019-C17]

 

[900 & 990 Stewart
avenue, sunet north, city hyde park:

Midland Loan Services, a Division of PNC Bank, National Association

10851 Mastin Street, Suite 700

Overland Park, Kansas 66210

Charlotte, North Carolina 28202

 

     Exhibit T-1

     

    

 

Attention: BMARK 2019-B13 Executive Vice President – Division Head

Fax number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

 

with a copy to:

 

Stinson LLP

1201 Walnut Street

Suite 2900

Kansas City, Missouri 64106-2150

Fax Number: (816) 412-9338

Attention: Kenda K. Tomes

Email: kenda.tomes@stinson.com]

 

[GRAND CANAL SHOPPES WHOLE LOAN

 

Midland
Loan Services, a Division of PNC Bank, National Association 

10851
Mastin Street, Suite 700

Overland
Park, Kansas 66210

Attention:
Executive Vice President – Division Head

Facsimile:
(888) 706-3565

Email:
NoticeAdmin@midlandls.com (with a copy to AskMidland@midlandls.com, solely with respect to notices under Section 3.13 and Section
13.10) 

 

with
a copy to:

 

Stinson
LLP 

1201
Walnut Street 

Suite
2900 

Kansas
City, Missouri 64106-2150 

Fax
Number: (816) 412-9338 

Attention:
Kenda K. Tomes 

Email:
kenda.tomes@stinson.com]

 

[INSERT ADDRESS OF THE
SWVP Portfolio NON-SERVICED MASTER SERVICER]

 

VIA FACSIMILE

 

		Re:	Benchmark 2019-B14
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 

 

Dear [__________]:

 

[KeyBank, National Association][Wells
Fargo Bank, National Association][Midland Loan Services, a Division of PNC Bank, National Association], is the

 

     Exhibit T-2

     

    

 

master servicer
(the “Non-Serviced Master Servicer”) for Whole Loan[s] secured by the [Mortgaged Propert[y][ies]][portfolio
of Mortgaged Properties] identified as [Osborn Triangle] [Tysons Tower] [900 & 990 Stewart Avenue] [Grand Canal Shoppes] [230
Park Avenue South] [Sunset North] [600 & 620 National Avenue] [City Hyde Park] (the “Subject Whole Loan[s]”)
on the Mortgage Loan Schedule, as such term is defined under the Pooling and Servicing Agreement, dated as of November 1, 2019
(the “2019-B14 Pooling and Servicing Agreement”) between J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer (the “2019-B14 Master
Servicer”) and special servicer, Wells Fargo Bank, National Association, as certificate administrator (in such capacity,
the “Certificate Administrator”) and as trustee (in such capacity, the “Trustee”), and Pentalpha
Surveillance LLC, as operating advisor and as asset representations reviewer. The Certificate Administrator hereby directs the
Non-Serviced Master Servicer, as follows:

 

The Non-Serviced Master
Servicer shall remit to the 2019-B14 Master Servicer all amounts payable to, and forward, deliver or otherwise make available,
as the case may be, to the 2019-B14 Master Servicer all reports, statements, documents, communications, and other information that
are to be forwarded, delivered or otherwise made available to, the holder of the Subject Whole Loan[s].

 

The Subject Whole Loan
[is][is not] a Significant Obligor (as such term is defined in the 2019-B14 Pooling and Servicing Agreement) under the 2019-B14
Pooling and Servicing Agreement.

 

Thank you for your attention
to this matter.

 

	Date:	 	 

 

	 	 	Wells Fargo Bank, National Association,
as Certificate Administrator for the Holders of the Benchmark 2019-B14
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14
	 	 	 
	 	By:	 
	 	 	[Name]
	 	 	[Title]

  

     Exhibit T-3

     

    

 

EXHIBIT U

 

FORM OF NOTICE AND CERTIFICATION

REGARDING DEFEASANCE OF MORTGAGE LOAN OR TRUST SUBORDINATE COMPANION LOAN

 

To: 

 

	S&P Global Ratings

55 Water Street, 41st Floor

New York, New York  10041

Attention: Commercial Mortgage Surveillance Manager

Email: cmbs_info_17g5@standardandpoors.com	Kroll Bond Rating Agency, Inc.

805 Third Avenue 29th floor

New York, New York 10022

Attention: CMBS Surveillance

Facsimile No.: (646) 731-2395
	Fitch Ratings, Inc.

One State Street Plaza

New York, New York 10004

Attention:  Commercial Mortgage Backed Securities Surveillance

Facsimile No.:  (212) 635-0295

E-mail: info.cmbs@fitchratings.com	 

 

	From:		               Midland Loan Services, a Division of PNC Bank, National Association, in its capacity as Master Servicer
under the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and
as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer.

 

		Date:	_________, 20___

 

		Re:	Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14

Mortgage Loan (the “Mortgage Loan”) identified by loan number _____ [and loan number [_______]] on the Mortgage
Loan Schedule attached to the Pooling and Servicing Agreement and heretofore secured by the Mortgaged Properties identified on
the Mortgage Loan Schedule by the following names:____________________

       ____________________

 

     Exhibit U-1

     

    

 

Reference is made to
the Pooling and Servicing Agreement described above. Capitalized terms used but not defined herein have the meanings assigned to
such terms in the Pooling and Servicing Agreement.

 

As Servicer under the
Pooling and Servicing Agreement, we hereby:

 

(a)   
Notify you that the Mortgagor has consummated a defeasance of the Mortgage Loan pursuant to the terms of the Mortgage Loan,
of the type checked below:

 

____ a full defeasance of the
entire principal balance of the Mortgage Loan; or

 

____ a partial defeasance of
a portion of the principal balance of the Mortgage Loan that represents and, an allocated loan amount of $____________ or _______%
of the entire principal balance of the Mortgage Loan;

 

(b)        Certify that each of the following is true, subject to those exceptions set forth with explanatory notes on Exhibit A
hereto, which exceptions the Master Servicer has determined, consistent with the Servicing Standards, will have no material adverse
effect on the Mortgage Loan or the defeasance transaction:

 

(i)         The Mortgage Loan documents permit the defeasance, and the terms and conditions for defeasance specified therein were satisfied
in all material respects in completing the defeasance.

 

(ii)        The defeasance was consummated on __________, 20__.

 

(iii)       The defeasance collateral consists of securities that (i) constitute “government securities” as defined in Section
2(a)(16) of the Investment Company Act of 1940 as amended (15 U.S.C. 80A1), (ii) are listed as “Qualified Investments for
‘AAA’ Financings” under Paragraphs 1, 2 or 3 of “Cash Flow Approach” in Standard & Poor’s
Public Finance Criteria 2000, as amended to the date of the defeasance, (iii) if they include a principal obligation, the principal
due at maturity cannot vary or change, and (iv) are not subject to prepayment, call or early redemption.

 

(iv)       The Master Servicer received an opinion of counsel (from counsel approved by the Servicer in accordance with the Servicing
Standard) that the defeasance will not result in an Adverse REMIC Event.

 

(v)        The Master Servicer determined that the defeasance collateral will be owned by an entity (the “Defeasance Obligor”)
that is a Single-Purpose Entity (as defined in Standard & Poor’s Structured Finance Ratings Real Estate Finance Criteria,
as amended to the date of the defeasance (the “S&P Criteria”)) or is subject to restrictions in its organizational
documents substantially similar to those contained in the organization documents of the original Borrower with respect to bankruptcy
remoteness and single purpose as of the date of the defeasance, and after the defeasance owns no assets other than the defeasance
collateral and real property securing Mortgage Loans included in the pool.

 

     Exhibit U-2

     

    

(vi)       The defeasance documents require the crediting of the defeasance collateral to an Eligible Account (as defined in the S&P
Criteria) in the name of the Trustee on behalf of the Trust, which account is maintained as a securities account by a securities
intermediary and has been pledged to the Trustee on behalf of the Trust.

 

(vii)      The agreements executed in connection with the defeasance (i) grant control of the pledged securities account to Trustee
on behalf of the Trust, (ii) require the securities intermediary to make the scheduled payments on the Mortgage Loan from the proceeds
of the defeasance collateral directly to the Master Servicer’s collection account in the amounts and on the dates specified
in the Mortgage Loan documents or, in a partial defeasance, the portion of such scheduled payments attributed to the allocated
loan amount for the real property defeased, increased by any defeasance premium specified in the Mortgage Loan documents (the “Scheduled
Payments”), (iii) permit reinvestment of proceeds of the defeasance collateral only in Permitted Investments (as defined
in the Pooling and Servicing Agreement or as defined in the documents evidencing the defeasance), (iv) permit release of surplus
defeasance collateral and earnings on reinvestment from the pledged securities account only after the Mortgage Loan has been paid
in full, if any such release is permitted, (v) prohibit transfers by the Defeasance Obligor of the defeasance collateral and subordinate
liens against the defeasance collateral, and (vi) provide for payment from sources other than the defeasance collateral or other
assets of the Defeasance Obligor of all fees and expenses of the securities intermediary for administering the defeasance and the
securities account and all fees and expenses of maintaining the existence of the Defeasance Obligor.

 

(viii)     The Master Servicer received written confirmation from a firm of independent certified public accountants, who were approved
by the Master Servicer in accordance with the Servicing Standard stating that (i) revenues from the defeasance collateral (without
taking into account any earnings on reinvestment of such revenues) will be sufficient to timely pay each of the Scheduled Payments
after the defeasance including the payment in full of the Mortgage Loan (or the allocated portion thereof in connection with a
partial defeasance) on its Maturity Date, (ii) the revenues received in any month from the defeasance collateral will be applied
to make Scheduled Payments within four (4) months after the date of receipt, and (iii) interest income from the defeasance collateral
to the Defeasance Obligor in any calendar or fiscal year will not exceed such Defeasance Obligor’s interest expense for the
Mortgage Loan (or the allocated portion thereof in a partial defeasance) for such year.

 

(ix)        The Mortgage Loan is not among the ten (10) largest loans in the pool as of the date of the Current Report (as defined below).
The entire principal balance of the Mortgage Loan as of the date of defeasance was less than both $[______] and five percent of
pool balance, which is less than [__]% of the aggregate Certificate Balance of the Certificates as of the date of the most recent
Distribution Date Statement received by us (the “Current Report”).

 

(x)         The Master Servicer has received opinions of counsel stating that the Trustee on behalf of the Trust possesses a valid,
perfected first priority security interest in

 

     Exhibit U-3

     

    

 

the defeasance collateral and that the documents executed in connection with the
defeasance are enforceable in accordance with their respective terms.

 

(c)         Certify that Exhibit B hereto is a list of the material agreements, instruments, organizational documents for the
Defeasance Obligor, and opinions of counsel and independent accountants executed and delivered in connection with the defeasance.

 

(d)      
 Certify that the individual under whose hand the Master Servicer has caused this Notice and Certification to be executed
did constitute a Servicing Officer as of the date of the defeasance described above.

 

(e)      
 Agree to provide copies of all items listed in Exhibit B to you upon request.

 

     Exhibit U-4

     

    

 

IN WITNESS WHEREOF, the
Master Servicer has caused this Notice and Certification to be executed as of the date captioned above.

 

		[____________]

 

	 	By:	 
		
	Name:

Title:

 

     Exhibit U-5

     

    

 

EXHIBIT V

 

FORM OF OPERATING ADVISOR
ANNUAL REPORT1

 

Report Date: This report will be delivered
annually no later than 120 days after the end of the calendar year, pursuant to the terms and conditions of the Pooling and Servicing
Agreement, dated as of November 1, 2019 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial
Mortgage Securities Corp., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer
and special servicer, Wells Fargo Bank, National Association, as certificate administrator and trustee, and Pentalpha Surveillance
LLC, as operating advisor and asset representations reviewer. 

Transaction: Benchmark 2019-B14 Mortgage Trust, Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2019-B14 

Operating Advisor: Pentalpha Surveillance LLC 

Special Servicer as of December 31: Midland Loan Services, a Division of PNC Bank, National Association

Directing Certificateholder: KKR Real Estate Credit Opportunity Partners II L.P.

 

		I.	Population of Mortgage Loans that Were Considered in Compiling this Report

 

		1.	The Special Servicer has notified the Operating Advisor that [●] Specially Serviced
Loans were transferred to special servicing in the prior calendar year [INSERT YEAR].

 

		a.	[●] of those Specially Serviced Loans are still being
analyzed by the Special Servicer as part of the development of a Final Asset Status Report.

 

		b.	Final Asset Status Reports were issued with respect to [●]
of such Specially Serviced Loans. This report is based only on the Specially Serviced Loans in respect of which a Final Asset Status
Report has been issued. The Final Asset Status Reports may not yet be fully implemented.

 

		2.	The Special Servicer has notified the Operating Advisor that it has completed a Major Decision
with respect to [●] Specially Serviced Loans [INSERT AFTER AN OPERATING ADVISOR CONSULTATION EVENT: and [●] non-Specially
Serviced Loans], and provided the Major Decision Reporting Package or Final Asset Status Report with respect to [●] Specially
Serviced Loans [INSERT AFTER AN OPERATING ADVISOR CONSULTATION EVENT: and [●] non-Specially Serviced Loans] to the operating
advisor.

 

		II.	Executive Summary

 

 

 

1
This report is an indicative report and does not reflect the final form of annual report to be used in any particular year. The
Operating Advisor will have the ability to modify or alter the organization and content of any particular report, subject to the
compliance with the terms of the Pooling and Servicing Agreement, including, without limitation, provisions relating to Privileged
Information.

 

     Exhibit V-1

     

    

 

Based on the requirements
and qualifications set forth in the Pooling and Servicing Agreement, as well as the items listed below, the Operating Advisor (in
accordance with the Operating Advisor’s analysis requirements outlined in the Pooling and Servicing Agreement) has undertaken
a limited review of the Special Servicer’s reported actions on the loans identified in this report. Based solely on such
limited review and subject to the assumptions, limitations and qualifications set forth herein, the Operating Advisor believes,
in its sole discretion exercised in good faith, that the Special Servicer [is/is not] operating in compliance with the Servicing
Standard with respect to its performance of its duties under the Pooling and Servicing Agreement during the prior calendar year
on a “trust-level basis”. [The Operating Advisor believes, in its sole discretion exercised in good faith, that the
Special Servicer has failed to materially comply with the Servicing Standard as a result of the following material deviations.]

 

		●	[LIST OF MATERIAL ITEMS]

 

In addition, the Operating
Advisor notes the following: [PROVIDE SUMMARY OF ANY ADDITIONAL MATERIAL INFORMATION].

 

[ADD RECOMMENDATION OF
REPLACEMENT OF SPECIAL SERVICER, IF APPLICABLE]

 

		III.	List of Items that Were Considered in Compiling this Report

 

In rendering our assessment
herein, we examined and relied upon the accuracy and completeness of the items listed below:

 

		1.	Any Major Decision Reporting Packages received from the Special Servicer.

 

		2.	Reports by the Special Servicer made available to Privileged Persons that are posted on the certificate
administrator’s website that is relevant to the operating advisor’s obligations under the PSA and certain information
it has reasonably requested from the special servicer [AFTER AN OPERATING ADVISOR CONSULTATION EVENT:] and each Asset Status Report
(after the occurrence and continuance of an Operating Advisor Consultation Event] and each Final Asset Status Report.

 

		3.	The Special Servicer’s assessment of compliance report, attestation report by a third party
regarding the Special Servicer’s compliance with its obligations, and non-discretionary portions of net present value calculations.

 

		4.	[LIST OTHER REVIEWED INFORMATION]

 

		5.	[INSERT IF AFTER AN OPERATING ADVISOR CONSULTATION EVENT:] Consulted with the Special Servicer
as provided under the Pooling and Servicing Agreement Asset Status Reports and Major Decision Reporting Packages or Asset Status
Reports with respect to Major Decisions.

 

		6.	[INSERT IF AFTER AN OPERATING ADVISOR CONSULTATION EVENT:] During the prior year, the Operating
Advisor consulted with the Special Servicer 

 

     Exhibit V-2

     

    

 

	 	 	regarding its strategy plan for a limited number of issues related to the following
Specially Serviced Loans: [LIST]. The Operating Advisor participated in discussions and made strategic observations and recommended
alternative courses of action to the extent it deemed such observations and recommendations appropriate.

 

NOTE: The
Operating Advisor’s review of the above materials should be considered a limited investigation and not be considered a full
or limited audit, legal review or legal opinion. For instance, we did not review each page of the Special Servicer’s policy
and procedure manuals (including amendments and appendices), review underlying lease agreements or similar underlying documents,
re-engineer the quantitative aspects of their net present value calculation, visit any related property, visit the Special Servicer,
visit the Directing Certificateholder or interact with any borrower. In addition, our review of the net present value calculations
and the corresponding application of the non-discretionary portions of the applicable formulas, and as such, does not take into
account the reasonableness of the discretionary portions of such formulas.

 

IV. Assumptions,
Qualifications and Disclaimers Related to the Work Product Undertaken and Opinions Related to this Report

 

		1)	As provided in the Pooling and Servicing Agreement, the Operating Advisor (i) is not required to
report on instances of non-compliance with, or deviations from, the Servicing Standard or the special servicer’s obligations
under the Pooling and Servicing Agreement that the Operating Advisor determines, in its sole discretion exercised in good faith,
to be immaterial and (ii) will not be required to provide or obtain a legal opinion, legal review or legal conclusion.

 

		2)	In rendering our assessment herein, we have assumed that all executed factual statements, instruments,
and other documents that we have relied upon in rendering this assessment have been executed by persons with legal capacity to
execute such documents.

 

		3)	Other than the receipt of any Major Decision Reporting Package, the Operating Advisor did not participate
in, or have access to, the Special Servicer’s and Directing Certificateholder’s discussion(s) regarding any Specially
Serviced Loan. The Operating Advisor does not have authority to speak with the Directing Certificateholder or borrower directly.
As such, the Operating Advisor relied upon the information delivered to it by the Special Servicer as well as its interaction with
the Special Servicer, if any, in gathering the relevant information to generate this report. The services that we perform are not
designed and cannot be relied upon to detect fraud or illegal acts should any exist.

 

		4)	The Special Servicer has the legal authority and responsibility to service any Specially Serviced
Loans pursuant to the Pooling and Servicing Agreement. The Operating Advisor has no responsibility or authority to alter the standards
set forth therein or the actions of the Special Servicer.

 

     Exhibit V-3

     

    

 

		5)	Confidentiality and other contractual limitations limit the Operating Advisor’s ability to
outline the details or substance of any communication held between it and the Special Servicer regarding any Specially Serviced
Loans and certain information it reviewed in connection with its duties under the Pooling and Servicing Agreement. As a result,
this report may not reflect all the relevant information that the Operating Advisor is given access to by the Special Servicer.

 

		6)	The Operating Advisor is not empowered to speak with any investors directly. If the investors have
questions regarding this report, they should address such questions to the certificate administrator through the certificate administrator’s
website.

 

		7)	This report does not constitute recommendations to buy, sell or hold any security, nor does the
Operating Advisor take into account market prices of securities or financial markets generally when performing its limited review
of the Special Servicer as described above. The Operating Advisor does not have a fiduciary relationship with any Certificateholder
or any other party or individual. Nothing is intended to or should be construed as creating a fiduciary relationship between the
Operating Advisor and any Certificateholder, party or individual.

 

Terms used but not defined herein have
the meaning set forth in the Pooling and Servicing Agreement.

 

     Exhibit V-4

     

    

 

EXHIBIT W

 

Form
of Notice from Operating Advisor Recommending Replacement of Special Servicer

 

Wells Fargo Bank, National Association

    as Trustee

9062 Old Annapolis Road

Columbia, Maryland 20145-1951

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

Email: trustadministrationgroup@wellsfargo.com;

cts.cmbs.bond.admin@wellsfargo.com

 

Wells Fargo Bank, National Association

    as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

Telecopy Number: (410) 715-2380

 

Midland Loan Services, a Division of PNC Bank, National Association

    as Special Servicer

10851 Mastin Street

Building 82, Suite 300

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Telecopy number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

 

		Re:	Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2019-B14, 

Recommendation of Replacement of Special Servicer 

 

Ladies and Gentlemen:

 

This letter is delivered
pursuant to Section 7.01(d) of the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and
Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer, on behalf of the holders of Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series
2019-B14 (the “Certificates”) regarding the replacement of the

 

     Exhibit W-1

     

    

 

Special Servicer. Capitalized terms used and
not otherwise defined herein shall have the respective meanings ascribed to such terms in the Pooling and Servicing Agreement.

 

Based upon our review
of the Special Servicer’s operational practices conducted pursuant to and in accordance with Section 3.26 of the Pooling
and Servicing Agreement, it is our assessment that Midland Loan Services, a Division of PNC Bank, National Association, in its
current capacity as Special Servicer, is not [performing its duties under the Pooling and Servicing Agreement][acting in accordance
with the Servicing Standard]. The following factors support our assessment: [________].

 

Based upon such assessment,
we further hereby recommend that Midland Loan Services, a Division of PNC Bank, National Association be removed as Special Servicer
and that [________] be appointed its successor in such capacity.

 

	 	Very truly yours,
	 	 	 
	 	 	[The Operating Advisor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:

 

     Exhibit W-2

     

    

 

EXHIBIT X

 

Form
of CONFIDENTIALITY Agreement

 

Midland Loan Services, a Division
of PNC Bank, National Association

10851 Mastin Street

Building 82, Suite 300

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Telecopy number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

 

		Re:	Access to Certain Information Regarding Benchmark 2019-B14 Mortgage Trust,
Commercial Mortgage Pass-Through Certificates, Series 2019-B14 

 

Ladies and Gentlemen:

 

Reference is hereby made to that certain
Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”), between
J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer and Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and
Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer. Defined terms used herein and not otherwise
defined shall have the meanings set forth in the Pooling and Servicing Agreement.

 

[Midland Loan Services, a Division of PNC
Bank, National Association (“Midland”)] understands that [____] (the “Company”)
is requesting certain confidential or non-public information relating to the Mortgage Loans to which the Company has continuing
rights as a Certificateholder. The Company is requesting such information for the purpose of analyzing asset performance and evaluating
any continuing rights the Company may have under the Trust (the “Permitted
Purpose”). The Company agrees that the Permitted Purpose shall not include the use or disclosure of the Confidential
Information (as defined below) in any manner that violates any applicable law, the Pooling and Servicing Agreement or the related
mortgage loan documents.

 

[Midland] will provide the Company with
certain confidential, non-public servicing information (the “Confidential
Information”) pertaining to the Mortgage Loans and the related Mortgaged Properties and borrowers. The Company
acknowledges that the Confidential Information (a) includes or may be based upon information provided to [Midland] by third
parties, (b) may not have been verified by [Midland], and (c) may be incomplete or contain inaccuracies. The Company
agrees that [Midland], the [“Master Servicer”/“Special Servicer”] (as defined in the Pooling
and Servicing Agreement) and its respective Representatives (as defined below) shall not have any liability to the Company or its
Representatives resulting from (x) any inaccuracies or omissions in the Confidential Information, (y) any use of the
Confidential Information, or (z) [Midland]’s failure or inability to provide the Confidential Information to the Company
for any reason. Notwithstanding the foregoing, the following will not constitute “Confidential

 

     Exhibit X-1

     

    

 

[_____] [__], 20[__]

Page 2

 

Information” for purposes of this letter agreement: (a) information that was already in Company’s possession
prior to its receipt from [Midland]; (b) information that is obtained by Company from a third person who, insofar as is known
to Company, is not prohibited from transmitting the information to Company by a contractual, legal or fiduciary obligation to [Midland];
(c) information that is or becomes publicly available through no fault of Company; and (d) information that is independently
developed by Company. The term “Representatives” with respect to any entity shall mean the officers, directors, general
partners, employees, agents, affiliates, auditors and legal counsel (which may be internal counsel) of that entity.

 

The Company may have access to the Confidential
Information through (at [Midland]’s election): (i) responses to reasonable written inquiries received from the Company,
(ii) conference calls conducted on a reasonably scheduled basis with [Midland]’s surveillance group, or (iii) direct
on-line access (read-only capacity) to the information available on the applicable [____] system or any successor or replacement
system (“System”). [Midland] may cease or defer
providing the Company with Confidential Information in the event that (a) the Company or its Representatives violate any provision
hereof, or (b) [Midland] determines (in its sole discretion) that such termination is necessary for any reason, including
its determination that such action is required pursuant to the terms of the Pooling and Servicing Agreement, the related Mortgage
Loan documents, or any applicable law. [Midland] shall cease to provide the Company with Confidential Information if [Midland]
has actual knowledge that the Company or its Representatives are affiliates of any borrower under the Mortgage Loan documents and
[Midland] determines that the provision, notice or access to such Confidential Information would violate the accepted servicing
practices or servicing standards as defined in the Pooling and Servicing Agreement. The Company’s obligations and the restrictions
applicable to the protection of the Confidential Information hereunder shall survive the termination of the Company’s access
to the Confidential Information. [Midland]’s remedies hereunder, at law or at equity, are cumulative and may be combined.

 

The Company agrees that it will not, and
it shall not permit its Representatives, to disclose the Confidential Information in any manner whatsoever to any other person
or entity, other than its Representatives (but only to the extent necessary to accomplish the Permitted Purpose) who have a need
to know the information, or as otherwise required by applicable law, court order or any governmental agency or regulator. The Company
acknowledges (i) its obligations under the U.S. federal securities laws, and (ii) that any disclosure of the Confidential
Information by it or its Representatives for any purpose other than a Permitted Purpose, in addition to being a breach of this
letter agreement, may constitute a violation of federal and state securities laws. The Company will take reasonable measures to
ensure that each Representative is advised of this letter agreement and agrees to keep the Confidential Information confidential.
The Company shall be liable for any breach of this letter agreement by its Representatives. Notwithstanding the foregoing, the
Company may subsequently provide all or any part of such Confidential Information to any other person or entity that holds or is
contemplating the purchase of any Certificate or interest therein, but only if such person or entity confirms such ownership interest
or prospective ownership interest and provided that, prior to the delivery of such Confidential Information, such persons
shall have executed and delivered to the Company an agreement that is substantially similar in form and substance to this agreement.

 

     Exhibit X-2

     

    

 

[_____] [__], 20[__]

Page 3

 

This letter agreement shall be governed
by and construed in accordance with the laws of the State of New York without the application of conflict of laws principles. Anything
herein to the contrary notwithstanding, [Midland] intends at all times to comply with the terms and provisions of the Pooling and
Servicing Agreement and nothing in this letter agreement should be construed to limit or qualify any of [Midland]’s rights
or obligations under the Pooling and Servicing Agreement. This letter agreement may be executed in counterparts and by facsimile/Portable
Document Format (PDF); each such counterpart shall be deemed to be an original instrument, and all such counterparts together shall
constitute one agreement.

 

This agreement shall terminate with respect
to the information received by the Company one year after the Company receives such information or ceases to be a Certificateholder.
Company agrees that this letter agreement supersedes and replaces and survives any click-through agreement regarding confidentiality
of Confidential Information agreed to in connection with accessing the System whether agreed to in accessing the System before
or after signing this letter agreement.

 

     Exhibit X-3

     

    

 

Please have an authorized signatory countersign
in the space provided below to indicate the Company’s confirmation of, and agreement to, the matters set forth herein.

 

	 	Very truly yours,
	 	 	 
	 	[MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:]

 

CONFIRMED AND AGREED TO:

 

[COMPANY NAME]

 

	By:	 	 
		Name:

                           Title:	

 

     Exhibit X-4

     

    

 

EXHIBIT Y

 

FORM CERTIFICATION TO BE PROVIDED WITH
FORM 10-K

 

CERTIFICATION

 

I, [identifying the certifying
individual], the President and Chief Executive Officer of J.P. Morgan Chase Commercial Mortgage Securities Corp., the depositor
into the above-referenced Trust, certify that:

 

1.          I have reviewed this report on Form 10-K, and all reports on Form 10-D required to be filed in respect of the period covered
by this report on Form 10-K, of the Benchmark 2019-B14 Mortgage Trust (the “Exchange
Act periodic reports”);

 

2.          Based on my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report;

 

3.          Based on my knowledge, all of the distribution, servicing and other information required to be provided under Form 10-D
for the period covered by this report is included in the Exchange Act periodic reports;

 

4.          Based on my knowledge and the servicer compliance statements required in this report under Item 1123 of Regulation AB, and
except as disclosed in the Exchange Act periodic reports, the servicers have fulfilled their obligations under the servicing agreements
in all material respects; and

 

5.          All of the reports on assessment of compliance with servicing criteria for asset-backed securities and their related attestation
reports on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report
in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this
report, except as otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been
disclosed in this report on Form 10-K.

 

In giving the certifications
above, I have reasonably relied on information provided to me by the following unaffiliated parties:

 

(A) Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator, Custodian and Trustee, and Pentalpha Surveillance LLC, as Operating Advisor;

 

(B) [PRIOR TO THE RELATED
SERVICING SHIFT SECURITIZATION DATE: Midland Loan Services, a Division of PNC Bank, National Association, as Primary Servicer and
Special Servicer for the Innovation Park Mortgage Loan,Wells Fargo Bank, National Association, as Certificate Administrator, Custodian
and Trustee for the Innovation

 

     Exhibit Y-1

     

    

 

Park Mortgage Loan, and Pentalpha Surveillance LLC, as Operating Advisor for the Innovation Park
Mortgage Loan;][AFTER THE RELATED SERVICING SHIFT SECURITIZATION DATE: [__], as Primary Servicer for the Innovation Park Mortgage
Loan, [__], as Special Servicer for the Innovation Park Mortgage Loan, [__], as Trustee for the Innovation Park Mortgage Loan,
[__], as Certificate Administrator and Custodian for the Innovation Park Mortgage Loan, and [__], as Operating Advisor for the
Innovation Park Mortgage Loan];

 

(C) [PRIOR TO THE RELATED
SERVICING SHIFT SECURITIZATION DATE: Midland Loan Services, a Division of PNC Bank, National Association, as Primary Servicer and
Special Servicer for the 180 Water Mortgage Loan,Wells Fargo Bank, National Association, as Certificate Administrator, Custodian
and Trustee for the 180 Water Mortgage Loan, and Pentalpha Surveillance LLC, as Operating Advisor for the 180 Water Mortgage Loan;][AFTER
THE RELATED SERVICING SHIFT SECURITIZATION DATE: [__], as Primary Servicer for the 180 Water Mortgage Loan, [__], as Special Servicer
for the 180 Water Mortgage Loan, [__], as Trustee for the 180 Water Mortgage Loan, [__], as Certificate Administrator and Custodian
for the 180 Water Mortgage Loan, and [__], as Operating Advisor for the 180 Water Mortgage Loan];

 

(D) KeyBank National
Association, as Primary Servicer for the Osborn Triangle Mortgage Loan, Situs Holdings, LLC, as Special Servicer for the Osborn
Triangle Mortgage Loan, Wells Fargo Bank, National Association, as Certificate Administrator, Custodian and Trustee for the Osborn
Triangle Mortgage Loan, and Park Bridge Lender Services LLC, as Operating Advisor for the Osborn Triangle Mortgage Loan;

 

(E) Wells Fargo Bank,
National Association, as Primary Servicer for the Tysons Tower Mortgage Loan, Rialto Capital Advisors, LLC, as Special Servicer
for the Tysons Tower Mortgage Loan, Wilmington Trust, National Association, as Trustee for the Tysons Tower Mortgage Loan, Wells
Fargo Bank, National Association, as Certificate Administrator and Custodian for the Tysons Tower Mortgage Loan, and Park Bridge
Lender Services LLC, as Operating Advisor for the Tysons Tower Mortgage Loan;

 

(F) Midland Loan Services,
a Division of PNC Bank, National Association, as Primary Servicer for the 900 & 990 Stewart Avenue Mortgage Loan, CWCapital
Asset Management LLC, as Special Servicer for the 900 & 990 Stewart Avenue Mortgage Loan, Wells Fargo Bank, National Association,
as Certificate Administrator, Custodian and Trustee for the 900 & 990 Stewart Avenue Mortgage Loan, and Park Bridge Lender
Services LLC, as Operating Advisor for the 900 & 990 Stewart Avenue Mortgage Loan;

 

(E) Midland Loan Services,
a Division of PNC Bank, National Association, as Primary Servicer for the Grand Canal Shoppes Mortgage Loan, LNR Partners, LLC,
as Special Servicer for the Grand Canal Shoppes Mortgage Loan, Wells Fargo Bank, National Association, as Certificate Administrator,
Custodian and Trustee for the Grand Canal Shoppes Mortgage Loan, and Pentalpha Surveillance LLC, as Operating Advisor for the Grand
Canal Shoppes Mortgage Loan;

 

(G) Wells Fargo Bank,
National Association, as Primary Servicer for the 230 Park Avenue South Mortgage Loan, Rialto Capital Advisors, LLC, as Special
Servicer for the 230 

 

     Exhibit Y-2

     

    

 

Park Avenue South Mortgage Loan,
Wilmington Trust, National Association, as Trustee for the 230 Park Avenue South Mortgage Loan, Wells Fargo Bank, National
Association, as Certificate Administrator and Custodian for the 230 Park Avenue South Mortgage Loan, and Park Bridge Lender
Services LLC, as Operating Advisor for the 230 Park Avenue South Mortgage Loan;

 

(H) Midland Loan Services,
a Division of PNC Bank, National Association, as Primary Servicer for the Sunset North Mortgage Loan, CWCapital Asset Management
LLC, as Special Servicer for the Sunset North Mortgage Loan, Wells Fargo Bank, National Association, as Certificate Administrator,
Custodian and Trustee for the Sunset North Mortgage Loan, and Park Bridge Lender Services LLC, as Operating Advisor for the Sunset
North Mortgage Loan;

 

(I) Midland Loan Services,
a Division of PNC Bank, National Association, as Primary Servicer for the 600 & 620 National Avenue Mortgage Loan, LNR Partners,
LLC, as Special Servicer for the 600 & 620 National Avenue Mortgage Loan, Wells Fargo Bank, National Association, as Certificate
Administrator, Custodian and Trustee for the 600 & 620 National Avenue Mortgage Loan, and Pentalpha Surveillance LLC, as Operating
Advisor for the 600 & 620 National Avenue Mortgage Loan;

 

(J) Midland Loan Services,
a Division of PNC Bank, National Association, as Primary Servicer for the City Hyde Park Mortgage Loan, CWCapital Asset Management
LLC, as Special Servicer for the City Hyde Park Mortgage Loan, Wells Fargo Bank, National Association, as Certificate Administrator,
Custodian and Trustee for the City Hyde Park Mortgage Loan, and Park Bridge Lender Services LLC, as Operating Advisor for the City
Hyde Park Mortgage Loan;

 

Date: _________________________

 

 

President and Chief Executive Officer

J.P. Morgan Chase Commercial Mortgage Securities Corp.

(Senior officer in charge of the securitization of the depositor)

 

     Exhibit Y-3

     

    

 

EXHIBIT Z-1

 

FORM OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY CERTIFICATE ADMINISTRATOR

 

		Re:	Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2019-B14, issued pursuant to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and
Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer. 

 

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be
signed by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other
Securitization, to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange
Commission pursuant to the Sarbanes-Oxley Act of 2002:

 

1.          I (or an officer under my supervision) have reviewed the annual report on Form 10-K for the period ended December 31, 20[__]
(the “Form 10-K”) and all reports on Form 10-D and Form 8-K filed in respect of the period covered by the Form
10-K (collectively, with the Form 10-K, the “Reports”);

 

2.          Based on my knowledge, the Reports, taken as a whole, do not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made,
not misleading with respect to the period covered by the Form 10-K;

 

3.          Based on my knowledge, all of the distribution and other information required to be provided by the Certificate Administrator
under the Pooling and Servicing Agreement for inclusion in the Reports for the period covered by the Form 10-K is included in the
Reports and all of the distribution, servicing and other information provided to the Certificate Administrator by the trustee,
the custodian, the master servicer, the special servicer and the operating advisor under the Pooling and Servicing Agreement for
inclusion in the Reports for the period covered by the Form 10-K is included in the Reports;

 

4.          I (or an officer under my supervision) am responsible for reviewing the activities performed by the Certificate Administrator
under the Pooling and Servicing Agreement and based on my knowledge and the compliance review conducted in preparing the Certificate
Administrator compliance statement required to be delivered under Article XI of the Pooling and Servicing Agreement for inclusion
in the Form 10-K under Item 1123 of Regulation AB, and

 

     Exhibit Z-1-1

     

    

 

except as disclosed in the Reports, the Certificate Administrator has fulfilled
its obligations under the Pooling and Servicing Agreement in all material respects; and

 

5.          All of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Certificate
Administrator or any Servicing Function Participant retained by the Certificate Administrator (the “Relevant Servicing
Criteria”) and their related attestation reports on assessment of compliance with the Relevant Servicing Criteria required
to be included in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been
included as an exhibit to the Form 10-K. Any material instances of noncompliance described in such reports have been disclosed
in the Form 10-K and such assessment of compliance is fairly stated in all material respects.

 

This Certification is
being signed by me as an officer of the Certificate Administrator responsible for reviewing the activities performed by the Certificate
Administrator under the Pooling and Servicing Agreement.

 

	Dated:	 	 

 

	 	 	 
	 	 	Name:

Title:

 

     Exhibit Z-1-2

     

    

 

EXHIBIT Z-2

 

FORM OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY MASTER SERVICER

 

		Re:	Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2019-B14, issued pursuant to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and
Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer. 

 

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be
signed by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other
Securitization, to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange
Commission pursuant to the Sarbanes-Oxley Act of 2002:

 

1.          I (or Servicing Officers under my supervision) have reviewed the servicing and other information required to be provided
by the Master Servicer in accordance with the Pooling and Servicing Agreement for inclusion in the annual report on Form 10-K for
the period ended December 31, 20[__] (“Form 10-K”) and all information required to be provided by the Master
Servicer in accordance with the Pooling and Servicing Agreement for inclusion in all reports on Form 10-D and Form 8-K required
to be filed in respect of the period covered by the Form 10-K (collectively, with the Form 10-K, the “Reports”)
(such information provided by the Master Servicer, collectively, the “Master Servicer Periodic Information”);

 

2.          Based on my knowledge, and assuming the accuracy of the statements required to be made by each Special Servicer in the special
servicer backup certificate delivered by each Special Servicer relating to the relevant period, the Master Servicer Periodic Information,
taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period
covered by the Form 10-K;

 

3.          Based on my knowledge, and assuming the accuracy of the statements required to be made by each Special Servicer in the special
servicer backup certificate delivered by each Special Servicer relating to the relevant period, all of servicing and other information
required to be provided by the Master Servicer under the Pooling and Servicing Agreement for

 

     Exhibit Z-2-1

     

    

 

inclusion in the Reports for the period
covered by the Form 10-K is included in the Master Servicer Periodic Information;

 

4.          I (or Servicing Officers under my supervision) am responsible for reviewing the activities performed by the Master Servicer
under the Pooling and Servicing Agreement and based on my knowledge and the compliance review conducted in preparing the Master
Servicer compliance statement required to be delivered under Article XI of the Pooling and Servicing Agreement for inclusion in
the Form 10-K under Item 1123 of Regulation AB, and except as disclosed in the Master Servicer Periodic Information, the Master
Servicer has fulfilled its obligations under the Pooling and Servicing Agreement in all material respects;

 

5.          The accountants that are to deliver the annual attestation report on assessment of compliance with the Relevant Servicing
Criteria in respect of the Master Servicer with respect to the Trust’s fiscal year _____ have been provided all information
relating to the Master Servicer’s assessment of compliance with the Relevant Servicing Criteria in order to enable them to
conduct a review in compliance with the standards for attestation engagements issued or adopted by the PCAOB; and

 

6.          All of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Master
Servicer or any Servicing Function Participant retained by the Master Servicer (the “Relevant Servicing Criteria”)
and their related attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Pooling
and Servicing Agreement to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange
Act Rules 13a-18 and 15d-18, have been delivered in accordance with the Pooling and Servicing Agreement. All material instances
of noncompliance with the Relevant Servicing Criteria have been disclosed in such reports and such assessment of compliance is
fairly stated in all material respects.

 

This Certification is
being signed by me as an officer of the Master Servicer responsible for reviewing the activities performed by the Master Servicer
under the Pooling and Servicing Agreement.

 

	Dated:	 	 

 

	 	 	 
	 	 	Name:

Title:

 

     Exhibit Z-2-2

     

    

 

EXHIBIT Z-3

 

FORM OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY SPECIAL SERVICER

 

		Re:	Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2019-B14, issued pursuant to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and
Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer. 

 

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be
signed by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other
Securitization, to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange
Commission pursuant to the Sarbanes-Oxley Act of 2002:

 

1.          I (or Servicing Officers under my supervision) have reviewed the servicing and other information required to be provided
by the Special Servicer in accordance with the Pooling and Servicing Agreement for inclusion in the annual report on Form 10-K
for the period ended December 31, 20[__] (“Form 10-K”) and all information required to be provided by the Special
Servicer in accordance with the Pooling and Servicing Agreement for inclusion in all reports on Form 10-D and Form 8-K required
to be filed in respect of the period covered by the Form 10-K (collectively with the Form 10-K, the “Reports”)
(such information provided by the Special Servicer, collectively, the “Special Servicer Periodic Information”);

 

2.          Based on my knowledge, the Special Servicer Periodic Information, taken as a whole, does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period covered by the Form 10-K;

 

3.          Based on my knowledge, all servicing and other information required to be provided by the Special Servicer under the Pooling
and Servicing Agreement for inclusion in the Reports for the period covered by the Form 10-K is included in the Special Servicer
Periodic Information;

 

4.          I (or Servicing Officers under my supervision) am responsible for reviewing the activities performed by the Special Servicer
under the Pooling and Servicing Agreement, and based on my knowledge and the compliance review conducted in preparing the Special
Servicer’s compliance statement required to be delivered under Article XI of the Pooling

 

     Exhibit Z-3-1

     

    

 

and Servicing Agreement for inclusion
in the Form 10-K under Item 1123 of Regulation AB, and except as disclosed in the Special Servicer Periodic Information, the Special
Servicer has fulfilled its obligations under the Pooling and Servicing Agreement in all material respects;

 

5.          The accountants that are to deliver the annual attestation report on assessment of compliance with the Relevant Servicing
Criteria in respect of the Special Servicer with respect to the Trust’s fiscal year _____ have been provided all information
relating to the Special Servicer’s assessment of compliance with the Relevant Servicing Criteria in order to enable them
to conduct a review in compliance with the standards for attestation engagements issued or adopted by the PCAOB; and

 

6.          All of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Special
Servicer or any Servicing Function Participant retained by the Special Servicer (the “Relevant Servicing Criteria”)
and their related attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Pooling
and Servicing Agreement to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange
Act Rules 13a-18 and 15d-18, have been delivered in accordance with the Pooling and Servicing Agreement. All material instances
of noncompliance with the Relevant Servicing Criteria have been disclosed in such reports and such assessment of compliance with
servicing criteria is fairly stated in all material respects.

 

This Certification is
being signed by me as an officer of the Special Servicer responsible for reviewing the activities performed by the Special Servicer
under the Pooling and Servicing Agreement.

 

	Dated:	 	 

 

	 	 	 
	 	 	Name:

Title:

 

     Exhibit Z-3-2

     

    

 

EXHIBIT Z-4

 

Form
of Certification to be Provided

to Depositor by Trustee

 

		Re:	Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2019-B14, issued pursuant to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and
Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer. 

 

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be
signed by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other
Securitization, to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange
Commission pursuant to the Sarbanes-Oxley Act of 2002:

 

1.          I (or officers under my supervision) have reviewed the information required to be provided by the Trustee in accordance
with the Pooling and Servicing Agreement for inclusion in the annual report on Form 10-K for the period ended December 31, 20[__]
(“Form 10-K”) and all information required to be provided by the Trustee in accordance with the Pooling and
Servicing Agreement for inclusion in the reports on Form 10-D and Form 8-K required to be filed in respect of the period covered
by the Form 10-K (collectively with the Form 10-K, the “Reports”) (such information provided by the Trustee,
collectively, the “Trustee Periodic Information”);

 

2.          Based on my knowledge, the Trustee Periodic Information, taken as a whole, does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by the Form 10-K;

 

3.          Based on my knowledge, all information required to be provided by the Trustee under the Pooling and Servicing Agreement
for inclusion in the Reports for the period covered by the Form 10-K is included in the Trustee Periodic Information;

 

4.          I (or officers under my supervision) am responsible for reviewing the activities performed by the Trustee under the Pooling
and Servicing Agreement, and based on my knowledge and the compliance review conducted in preparing the Trustee’s compliance
statement to be delivered under Article XI of the Pooling and Servicing Agreement required for inclusion in the Form 10-K under
Item 1123 of Regulation AB, and except as disclosed in the

 

     Exhibit Z-4-1

     

    

 

Trustee Periodic Information, the Trustee has fulfilled its obligations
under the Pooling and Servicing Agreement in all material respects; and

 

5.          All of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Trustee
or any Servicing Function Participant retained by the Trustee (the “Relevant Servicing Criteria”) and their
related attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Pooling and Servicing
Agreement to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18
and 15d-18, have been delivered in accordance with the Pooling and Servicing Agreement. All material instances of noncompliance
with the Relevant Servicing Criteria have been disclosed in such reports and such assessment of compliance with servicing criteria
is fairly stated in all material respects.

 

This Certification is
being signed by me as an officer of the Trustee responsible for reviewing the activities performed by the Trustee under the Pooling
and Servicing Agreement.

 

	Dated:	 	 

 

	 	 	 
	 	 	Name:

Title:

  

     Exhibit Z-4-2

     

    

 

EXHIBIT Z-5

 

FORM OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY OPERATING ADVISOR

 

		Re:	Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2019-B14, issued pursuant to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and
Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer. 

 

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be
signed by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other
Securitization, to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange
Commission pursuant to the Sarbanes-Oxley Act of 2002:

 

1.          I (or officers under my supervision) have reviewed the information required to be provided by the Operating Advisor in accordance
with the Pooling and Servicing Agreement for inclusion in the annual report on Form 10-K for the period ended December 31, 20[__]
(“Form 10-K”) and all information required to be provided by the Operating Advisor in accordance with the Pooling
and Servicing Agreement for inclusion in all reports on Form 10-D and Form 8-K required to be filed in respect of the period covered
by the Form 10-K (collectively with the Form 10-K, the “Reports”) (such information provided by the Operating
Advisor, collectively, the “Operating Advisor Periodic Information”);

 

2.          Based on my knowledge, the Operating Advisor Periodic Information, taken as a whole, does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period covered by the Form 10-K;

 

3.          Based on my knowledge, all information required to be provided by the Operating Advisor under the Pooling and Servicing
Agreement for inclusion in the Reports for the period covered by the Form 10-K is included in the Operating Advisor Periodic Information;

 

4.          The accountants that are to deliver the annual attestation report on assessment of compliance with the Relevant Servicing
Criteria in respect of the Operating Advisor with respect to the Trust’s fiscal year _____ have been provided all information
relating to the Operating Advisor’s assessment of compliance with the Relevant Servicing Criteria in

 

     Exhibit Z-5-1

     

    

 

order to enable them
to conduct a review in compliance with the standards for attestation engagements issued or adopted by the PCAOB; and

 

5.          All of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Operating
Advisor or any Servicing Function Participant retained by the Operating Advisor (the “Relevant Servicing Criteria”)
and their related attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Pooling
and Servicing Agreement to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange
Act Rules 13a-18 and 15d-18, have been delivered in accordance with the Pooling and Servicing Agreement. All material instances
of noncompliance with the Relevant Servicing Criteria have been disclosed in such reports and such assessment of compliance with
servicing criteria is fairly stated in all material respects.

 

This Certification is
being signed by me as an officer of the Operating Advisor responsible for reviewing the activities performed by the Operating Advisor
under the Pooling and Servicing Agreement.

 

	Dated:	 	 

 

	 	 	 
	 	 	Name:

Title:

  

     Exhibit Z-5-2

     

    

 

EXHIBIT Z-6

 

Form
of Certification to be Provided

to Depositor by CUSTODIAN

 

		Re:	Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2019-B14, issued pursuant to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and
Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer. 

 

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be
signed by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other
Securitization, to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange
Commission pursuant to the Sarbanes-Oxley Act of 2002:

 

1.          I (or officers under my supervision) have reviewed the information required to be provided by the Custodian in accordance
with the Pooling and Servicing Agreement for inclusion in the annual report on Form 10-K for the period ended December 31, 20[__]
(“Form 10-K”) and all information required to be provided by the Custodian in accordance with the Pooling and
Servicing Agreement for inclusion in all reports on Form 10-D and Form 8-K required to be filed in respect of the period covered
by the Form 10-K (collectively with the Form 10-K, the “Reports”) (such information provided by the Custodian,
collectively, the “Custodian Periodic Information”);

 

2.          Based on my knowledge, the Custodian Periodic Information, taken as a whole, does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which
such statements were made, not misleading with respect to the period covered by the Form 10-K;

 

3.          Based on my knowledge, all information required to be provided by the Custodian under the Pooling and Servicing Agreement
for inclusion in the Reports for the period covered by the Form 10-K is included in the Custodian Periodic Information;

 

4.          I (or officers under my supervision) am responsible for reviewing the activities performed by the Custodian under the Pooling
and Servicing Agreement, and based on my knowledge and the compliance review conducted in preparing the Custodian’s compliance
statement to be delivered under Article XI of the Pooling and Servicing Agreement required for inclusion in the Form 10-K under
Item 1123 of Regulation AB, and except as disclosed in the

 

     Exhibit Z-6-1

     

    

 

Custodian Periodic Information, the Custodian has fulfilled its obligations
under the Pooling and Servicing Agreement in all material respects; and

 

5.          All of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Custodian
or any Servicing Function Participant retained by the Custodian (the “Relevant Servicing Criteria”) and their
related attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Pooling and Servicing
Agreement to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18
and 15d-18, have been delivered in accordance with the Pooling and Servicing Agreement. All material instances of noncompliance
with the Relevant Servicing Criteria have been disclosed in such reports and such assessment of compliance with servicing criteria
is fairly stated in all material respects.

 

This Certification is
being signed by me as an officer of the Custodian responsible for reviewing the activities performed by the Custodian under the
Pooling and Servicing Agreement.

 

	Dated:	 	 

 

	 	 	 
	 	 	Name:

Title:

 

     Exhibit Z-6-2

     

    

 

EXHIBIT Z-7

 

FORM OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY ASSET REPRESENTATIONS REVIEWER

 

		Re:	Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2019-B14, issued pursuant to the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and
Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer. 

 

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be
signed by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other
Securitization, to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange
Commission pursuant to the Sarbanes-Oxley Act of 2002:

  

1.       I
(or officers under my supervision) have reviewed the information required to be provided by the Asset Representations Reviewer
in accordance with the Pooling and Servicing Agreement for inclusion in the annual report on Form 10-K for the period ended December
31, 20[__] (“Form 10-K”) and all information required to be provided by the Asset Representations Reviewer in
accordance with the Pooling and Servicing Agreement for inclusion in all reports on Form 10-D and Form 8-K required to be filed
in respect of the period covered by the Form 10-K (collectively with the Form 10-K, the “Reports”) (such information
provided by the Asset Representations Reviewer, collectively, the “Asset Representations Reviewer Periodic Information”);

  

2.       Based
on my knowledge, the Asset Representations Reviewer Periodic Information, taken as a whole, does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period covered by the Form 10-K; and

  

3.       Based
on my knowledge, all information required to be provided by the Asset Representations Reviewer under the Pooling and Servicing
Agreement for inclusion in the Reports for the period covered by the Form 10-K is included in the Asset Representations Reviewer
Periodic Information.

 

     Exhibit Z-7-1

     

    

 

This Certification
is being signed by me as an officer of the Asset Representations Reviewer responsible for reviewing the activities performed by
the Asset Representations Reviewer under the Pooling and Servicing Agreement.

 

	Dated:	 	 

 

	 	 	 
	 	 	Name:

Title:

  

     Exhibit Z-7-2

     

    

 

EXHIBIT AA

 

Servicing
Criteria

to be Addressed in Assessment of Compliance

 

The assessment of compliance
to be delivered by the referenced party shall address, at a minimum, the criteria identified below as “Applicable Servicing
Criteria” applicable to such party, as such criteria may be updated or limited by the Commission or its staff (including,
without limitation, not requiring the delivery of certain of the items set forth on this Exhibit based on interpretive guidance
provided by the Commission or its staff relating to Item 1122 of Regulation AB). For the avoidance of doubt, for purposes of this
Exhibit AA, other than with respect to Item 1122(d)(2)(iii), references to Servicer below shall include any Sub-Servicer
engaged by a Master Servicer or Special Servicer.

 

	APPLICABLE
    Servicing Criteria 	applicable
    

    PARTY
	Reference	Criteria	 
	 	General
    Servicing Considerations	 
	1122(d)(1)(i)	Policies
    and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction
    agreements.	Certificate
                                         Administrator

        Master
        Servicer

        Special Servicer

	1122(d)(1)(ii)	If
    any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third
    party’s performance and compliance with such servicing activities.	Certificate
Administrator

        Master
Servicer

Special Servicer

	1122(d)(1)(iii)	Any
    requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.	N/A
	1122(d)(1)(iv)	A
    fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout
    the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.	Master
Servicer

        Special
Servicer

Custodian (as applicable)

	1122(d)(1)(v)	Aggregation
    of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.	Certificate
    Administrator

    Master Servicer

    Special Servicer
	 	Cash
    Collection and Administration	 
	1122(d)(2)(i)	Payments
    on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than
    two business days following receipt, or such other number of days specified in the transaction agreements.	Certificate
Administrator

        Master
Servicer

Special Servicer

	1122(d)(2)(ii)	Disbursements
    made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	Certificate
    Administrator
	1122(d)(2)(iii)	Advances
    of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such
    advances, are made, reviewed and approved as specified in the transaction agreements.	Master
    Servicer

    Special Servicer

    Trustee (as applicable)1
	1122(d)(2)(iv)	The
    related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization,
    are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.	Certificate
Administrator

        Master
Servicer

Special Servicer

 

 

 

1
Only to the extent that the Trustee was required to make an Advance pursuant to the Pooling and Servicing
Agreement during the applicable calendar year.

 

    Exhibit AA-1

     

    

 

	APPLICABLE
    Servicing Criteria 	applicable
    

    PARTY
	Reference	Criteria	 
	1122(d)(2)(v)	Each
    custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements.
    For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial
    institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Exchange Act.	Certificate
Administrator

        Master
Servicer

Special Servicer

	1122(d)(2)(vi)	Unissued
    checks are safeguarded so as to prevent unauthorized access.	Certificate
Administrator

        Master
Servicer

Special Servicer

	1122(d)(2)(vii)	Reconciliations
    are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related
    bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days
    after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed
    and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling
    items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number
    of days specified in the transaction agreements.	Certificate
    Administrator

    Master Servicer

    Special Servicer
	 	Investor
    Remittances and Reporting	 
	1122(d)(3)(i)	Reports
    to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements
    and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and
    other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms
    specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations;
    and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number
    of mortgage loans serviced by the Reporting Servicer.	Certificate
    Administrator

    Operating Advisor (with respect to A and B)

    

	1122(d)(3)(ii)	Amounts
    due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth
    in the transaction agreements.	Certificate
    Administrator
	1122(d)(3)(iii)	Disbursements
    made to an investor are posted within two business days to the Servicer’s investor records, or such other number of
    days specified in the transaction agreements.	Certificate
    Administrator
	1122(d)(3)(iv)	Amounts
    remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	Certificate
    Administrator
	 	Pool
    Asset Administration	 
	1122(d)(4)(i)	Collateral
    or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.	Custodian

    Master Servicer

    Special Servicer
	1122(d)(4)(ii)	Mortgage
    loan and related documents are safeguarded as required by the transaction agreements	Custodian
	1122(d)(4)(iii)	Any
    additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or
    requirements in the transaction agreements.	Certificate
    Administrator

    Master Servicer

    Special Servicer
	1122(d)(4)(iv)	Payments
    on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer’s
    obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction
    agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage loan
    documents.	Master
    Servicer
	1122(d)(4)(v)	The
    Reporting Servicer’s records regarding the mortgage loans agree with the Reporting Servicer’s records with respect
    to an obligor’s unpaid principal balance.	Master
    Servicer
	1122(d)(4)(vi)	Changes
    with respect to the terms or status of an obligor’s mortgage loans (e.g., loan modifications or re-agings) are made,
    reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.	Master
    Servicer

    Special Servicer

 

    Exhibit AA-2

     

    

 

	APPLICABLE
    Servicing Criteria 	applicable
    

PARTY
	Reference	Criteria	 
	1122(d)(4)(vii)	Loss
    mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and
    repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements
    established by the transaction agreements.	Special
    Servicer

    Operating Advisor
	1122(d)(4)(viii)	Records
    documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction
    agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements,
    and describe the entity’s activities in monitoring delinquent mortgage loans including, for example, phone calls, letters
    and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).	Master
    Servicer

    Special Servicer
	1122(d)(4)(ix)	Adjustments
    to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan
    documents.	Master
    Servicer
	1122(d)(4)(x)	Regarding
    any funds held in trust for an obligor (such as escrow accounts):  (A) such funds are analyzed, in accordance
    with the obligor’s mortgage loan documents, on at least an annual basis, or such other period specified in the transaction
    agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan
    documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of
    the related mortgage loans, or such other number of days specified in the transaction agreements.	Master
    Servicer
	1122(d)(4)(xi)	Payments
    made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates,
    as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer
    at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.	Master
    Servicer
	1122(d)(4)(xii)	Any
    late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s
    funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.	Master
    Servicer
	1122(d)(4)(xiii)	Disbursements
    made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer,
    or such other number of days specified in the transaction agreements.	Master
    Servicer
	1122(d)(4)(xiv)	 Delinquencies,
    charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	Master
    Servicer
	1122(d)(4)(xv)	Any
    external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB,
    is maintained as set forth in the transaction agreements.	N/A

 

At all times that the
Certificate Administrator and the Trustee are the same entity, the Trustee and Certificate Administrator may provide a combined
assessment of compliance in respect of their combined responsibilities under Section 1122 of Regulation AB.

 

At all times that the
Master Servicer and the Special Servicer are the same entity, the Master Servicer and the Special Servicer may provide a combined
assessment of compliance in respect of their combined responsibilities under Section 1122 of Regulation AB.

 

    Exhibit AA-3

     

    

 

EXHIBIT BB

 

ADDITIONAL
FORM 10-D DISCLOSURE

 

The parties identified
in the “Party Responsible” column are obligated pursuant to Section 11.04 of the Pooling and Servicing Agreement to
disclose to the Depositor and the Certificate Administrator (or the Master Servicer, to the extent specified in Section 11.04 of
the Pooling and Servicing Agreement) any information described in the corresponding Form 10-D Item described in the “Item
on Form 10-D” column to the extent such party has knowledge (and in the case of net operating income information, financial
statements, annual operating statements, budgets and/or rent rolls required to be provided in connection with Item 6 below, possession)
of such information (other than information as to itself). Each of the Certificate Administrator, the Trustee, the Master Servicer
and the Special Servicer (in its capacity as such) shall be entitled to rely on the accuracy of the Prospectus (other than information
with respect to itself that is set forth in or omitted from the Prospectus), in the absence of specific notice to the contrary
from the Depositor or a Mortgage Loan Seller. Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special
Servicer (in its capacity as such) shall be entitled to assume that there is no “significant obligor” other than a
party or property identified as such in the Prospectus and to assume that no other party or property will constitute a “significant
obligor” after the Cut-off Date. In no event shall the Master Servicer or the Special Servicer be required to provide any
information for inclusion in a Form 10-D that relates to any Mortgage Loan for which the Master Servicer or the Special Servicer
is not the Master Servicer or the Special Servicer, as the case may be. For this Benchmark 2019-B14 Pooling and Servicing Agreement,
each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity as such) shall
be entitled to assume that there is no provider of credit enhancement, liquidity or derivative instruments within the meaning of
Items 1114 or 1115 of Regulation AB.

 

	Item on Form 10-D	Party Responsible
	
        Item 1A: Asset-Level Information

        ●     
Item 1111(h) of Regulation AB

        ●     
Item 1125 of Regulation AB 
	
        ●    
Each Mortgage Loan Seller (as to its Mortgage Loans for any period prior
to the reporting period applicable to the first Form 10-D filed with respect to the Trust)

        ●     
Master Servicer

	
        Item 1B: Asset Representations Reviewer and
Investor Communication:

        ●     
Item 1121(d) of Regulation AB

        ●     
Item 1121(e) of Regulation AB
	
        ●    
Certificate Administrator

        ●    
Depositor

        ●    
Asset Representations Reviewer

 

    Exhibit BB-1

     

    

 

	Item on Form 10-D	Party Responsible
	
        Item 2: Legal Proceedings:

         

        ●     Item
        1117 of Regulation AB (it being acknowledged that such Item 1117 requires disclosure only of proceedings described therein that
        are material to security holders)

         
	
        ●     Master
        Servicer (as to itself)

         

        ●     Special
        Servicer (as to itself)

         

        ●     Certificate
        Administrator (as to itself)

         

        ●     Trustee
        (as to itself)

         

        ●     Depositor
        (as to itself)

         

        ●     Operating
        Advisor (as to itself)

         

        ●     Asset
        Representations Reviewer (as to itself)

         

        ●     Any
        other Reporting Servicer (as to itself)

         

        ●     Trustee/Certificate
        Administrator/Master Servicer/Depositor/Special Servicer as to the Trust (whichever of them is in principal control of the proceedings)

         

        ●     Each
        Mortgage Loan Seller as sponsor (as defined in Regulation AB)

         

        ●     Originators
        under Item 1110 of Regulation AB

         

        ●     Party
under Item 1100(d)(1) of Regulation AB

	Item 3:  Sale of Securities and Use of Proceeds

                                                                                 
 

	●     Depositor
	Item 4:  Defaults Upon Senior Securities

                                                                                 
 

	●     Certificate Administrator
	Item 5:  Submission of Matters to a Vote of Security Holders

                                                                                 
 

	●     Certificate Administrator
	
        Item 6: Significant Obligors of Pool Assets:

         

        ●     Item
1112(b) of Regulation AB
	●     Master Servicer (excluding information for which the Special Servicer is the “Party Responsible”)

 

    Exhibit BB-2

     

    

 

	Item on Form 10-D	Party Responsible
	
        provided, however, that all of
        the following conditions shall apply:

         

        (a) information shall be required to be reported only with
        respect to a party or property (if any) identified as a “significant obligor” in the Prospectus;

         

        (b) the information to be reported shall consist of such
        quarterly and annual operating statements, budgets and rent rolls of the related Mortgaged Property or REO Property (as applicable),
        and quarterly and annual financial statements of the related Borrower (except in the case of an REO Property), received or prepared
        by the “Party Responsible” pursuant to its obligations under Section 3.12(b) of this Agreement; provided, however,
        that for a significant obligor under item 1101(k)(2) of Regulation AB, only net operating income for the most recent fiscal year
        and interim period is required and, if such information for a prior period was required but not previously reported, such
        information for such prior period; and

         

        (c) the information shall be reportable in the Form 10-D
        that relates to the Distribution Date that immediately follows the Collection Period in which the information was received or prepared
        by the “Party Responsible” as described in clause (b) above.

         
	●     Special Servicer (as to REO Properties)
	
        Item 7: Change in Sponsor Interest in the Securities:

         

        ●     Item
1124 of Regulation AB
	●     Each Mortgage Loan Seller (as to itself in its capacity as a sponsor as defined in Regulation AB)
	
        Item 8: Significant Enhancement Provider Information:

         

        ●     Item
1114(b)(2) and Item 1115(b) of 
	●     Depositor

 

    Exhibit BB-3

     

    

 

	Item on Form 10-D	Party Responsible
	Regulation AB

                                                                                 
	 
	Item 9:  Other Information, but only to the extent of any information that meets all the following conditions:  (a) such information constitutes “Additional Form 8-K Disclosure” pursuant to Exhibit DD, (b) such information is required to be reported as “Additional Form 8-K Disclosure” during the period to which the Form 10-D relates, and (c) such information was not previously reported as “Additional Form 8-K Disclosure”.	
        ●     Certificate
        Administrator, Trustee, Master Servicer and/or Special Servicer, in each case to the extent that such party is the “Party
        Responsible” with respect to such information pursuant to Exhibit DD. 

         

        ●     Certificate
        Administrator (including the balances of the Distribution Account, the Interest Reserve Account and the Gain-on-Sale Reserve Account
        as of the related Distribution Date and the preceding Distribution Date)

         

        ●     Master
        Servicer (with respect to the balances of each REO Account (to the extent the related information has been received from the Special
        Servicer within the time period specified in Section 11.04 of this Agreement) and the Collection Account as of the related Distribution
        Date and the preceding Distribution Date)

         

        ●     Special
        Servicer (with respect to the balance of each REO Account as of the related Distribution Date and the preceding Distribution Date)

         

        ●     Any
other party responsible for disclosure items on Form 8-K (including each applicable Seller with respect to Item 1100(e) of Regulation
AB to the extent material to Certificateholders)

	
        Item 10: Exhibits (no. 3):

         

        Articles of incorporation and by-laws (Exhibit
No. 3(i) and 3(ii) of Item 601 of Regulation S-K)
	●     Depositor
	Item 10:  Exhibits (no. 4):	●     Certificate Administrator 

 

    Exhibit BB-4

     

    

 

	Item on Form 10-D	Party Responsible	 
	With respect to instruments defining the rights of security holders (Exhibit No. 4 of Item 601 of Regulation S-K)	
        ●     Depositor
        

         

        provided, in each case, that this shall in no
        event be construed to make such party responsible for the initial filing of this 

         

        provided further, in each case, that
in the event any reportable agreement is executed by the Depositor and the Trustee or Certificate Administrator, then the Depositor
shall be the responsible party.
	 
	
        Item 10: Exhibits (no. 10):

         

        Material contracts (Exhibit No. 10 of Item 601 of Regulation
        S-K)

         
	●     Certificate Administrator, Trustee, Master Servicer and/or Special Servicer, in each case to the extent of any contract that satisfies all the following conditions:  (a) such contract relates to the Trust or one or more Mortgage Loans or REO Mortgage Loans, and (b) such contract is a contract to which such party (or a subcontractor or vendor engaged by such party) is a party or that such party (or a subcontractor or vendor engaged by such party) has caused to have been executed on behalf of the Trust.	 
	
        Item 10: Exhibits (no. 22):

         

        Published Report Regarding Matters Submitted to
a Vote of Security Holders (Exhibit No. 22 of Item 601 of Regulation S-K), but only if the party that is the “Party Responsible”
with respect to Item 5 above elects to publish a report containing the information required by such Item 5 above and also elects
to report the information on Form 10-D by means of filing the published report and answering Item 5 by referencing the published
report. 
	●     The applicable party that is the “Party Responsible” with respect to Item 5 as set forth above.	 
	
        Item 10: Exhibits (no. 23):

         

        Consents of Experts and Counsel (Exhibit No. 23(ii)
of Item 601 of Regulation S-K), where the filing of a written consent is
	●     Depositor	 

 

    Exhibit BB-5

     

    

 

	Item on Form 10-D	Party Responsible
	required with respect to material (in the Form 10-D) that is incorporated by reference in the Depositor’s registration statement.	 
	
        Item 10: Exhibits (no. 24)

         

        Power of Attorney (Exhibit No. 24 of Item 601
of Regulation S-K), but only if the name of any party signing the Form 10-D, or the name of any officer signing the Form 10-D
on behalf of a party, is signed pursuant to a power of attorney. 
	●     Certificate Administrator 
	
        Item 10: Exhibits (no. 99)

         

        Additional exhibits (Exhibit No. 99 of Item 601
of Regulation S-K) 
	●     Not Applicable.
	
        Item 10: Exhibits (no. 100)

         

        XBRL-Related Documents (Exhibit No. 100 of Item
601 of Regulation S-K). 
	●     Not Applicable.
	Item 10:  Exhibits (By Operation of Item 8 Above), but only to the extent of any document that meets all the following conditions:  (a) such document constitutes “Additional Form 8-K Disclosure” pursuant to Item 9.01(d) of Exhibit DD, (b) such document is required to be reported as “Additional Form 8-K Disclosure” during the period to which the Form 10-D relates, and (c) such document was not previously reported as “Additional Form 8-K Disclosure”.	●     Certificate Administrator, Depositor and Trustee, in each case only to the extent that such party is the “Party Responsible” for the exhibit pursuant to Item 9(d) of Exhibit DD (it being acknowledged that none of the Master Servicer or the Special Servicer constitutes a “Party Responsible” under Exhibit DD with respect to any exhibits to a Form 10-K); provided, in each case, that in the event any reportable agreement is executed by the Depositor and the Trustee or Certificate Administrator, then the Depositor shall be the responsible party for this Item 10.

 

    Exhibit BB-6

     

    

 

EXHIBIT CC

 

ADDITIONAL
FORM 10-K DISCLOSURE

 

The parties identified
in the “Party Responsible” column are obligated pursuant to Section 11.05 of the Pooling and Servicing Agreement to
disclose to the Depositor and the Certificate Administrator any information described in the corresponding Form 10-K Item described
in the “Item on Form 10-K” column to the extent such party has knowledge (and in the case of net operating income information,
financial statements, annual operating statements, budgets and/or rent rolls required to be provided in connection with 1112(b)
below, possession) of such information (other than information as to itself). Each of the Certificate Administrator, the Trustee,
the Master Servicer and the Special Servicer (in its capacity as such) shall be entitled to rely on the accuracy of the Prospectus
(other than information with respect to itself that is set forth in or omitted from the Prospectus), in the absence of specific
notice to the contrary from the Depositor or a Mortgage Loan Seller. Each of the Certificate Administrator, the Trustee, the Master
Servicer and the Special Servicer (in its capacity as such) shall be entitled to assume that there is no “significant obligor”
other than a party or property identified as such in the Prospectus and to assume that no other party or property will constitute
a “significant obligor” after the Cut-off Date. In no event shall the Master Servicer or the Special Servicer be required
to provide any information for inclusion in a Form 10-K that relates to any Mortgage Loan for which the Master Servicer or the
Special Servicer is not the applicable Master Servicer or Special Servicer, as the case may be. For this Benchmark 2019-B14 Pooling
and Servicing Agreement, each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in its
capacity as such) shall be entitled to assume that there is no provider of credit enhancement, liquidity or derivative instruments
within the meaning of Items 1114 or 1115 of Regulation AB.

 

	Item on Form 10-K	Party Responsible
	
        Item 1B: Unresolved Staff Comments

         
	●     Depositor
	
        Item 9B: Other Information, but only to the extent of any
        information that meets all the following conditions:

         

        (a) such information constitutes “Additional Form
        8-K Disclosure” pursuant to Exhibit DD,

         

        (b) such information is required to be reported as “Additional
        Form 8-K Disclosure” during the period to which the Form 10-K relates, and

         

        (c) such information was not previously
	●     Certificate Administrator, Trustee, Master Servicer and/or Special Servicer, in each case to the extent that such party is the “Party Responsible” with respect to such information pursuant to Exhibit DD.  

 

    Exhibit CC-1

     

    

 

	Item on Form 10-K	Party Responsible
	reported as “Additional Form 8-K Disclosure” or as “Additional Form 10-D Disclosure”	 
	Item 15:  Exhibits, Financial Statement Schedules (SEE BELOW)	SEE BELOW
	
        Instruction J(2)(b) (Significant Obligors of Pool Assets)
        – Part 1 of 3 Parts:

         

        ●     Item
        1112(b) of Regulation AB, but only to the extent that (i) such information was required to have been set forth in the Prospectus,
        (ii) such information was not so set forth and (iii) the applicable Master Servicer has not previously reported such information
        as “Additional Form 10-D Information”.

         
	
        ●     The
        applicable Mortgage Loan Seller

         

	
        Instruction J(2)(b) (Significant Obligors of Pool Assets)
        – Part 2 of 3 Parts:

         

        ●     Item
        1112(b) of Regulation AB, but only to the extent that (i) such information was set forth in the Prospectus and (ii) the applicable
        Master Servicer has not previously reported such information or updated versions thereof as “Additional Form 10-D Information”.

         
	●     The Depositor
	
        Instruction J(2)(b) (Significant Obligors of Pool Assets)
        – Part 3 of 3 Parts:

         

        ●     Item
        1112(b) of Regulation AB; provided, however, that all of the following conditions shall apply:

         

        (a) information shall be required to be reported
only with respect to a party or
	
        ●     Master
        Servicer (excluding information for which the Special Servicer is the “Party Responsible”)

         

        ●     Special
        Servicer (as to REO Properties)

         

 

    Exhibit CC-2

     

    

 

	Item on Form 10-K	Party Responsible
	
        property (if any) identified as a “significant obligor”
        in the Prospectus;

         

        (b) the information to be reported shall consist of such
        quarterly and annual operating statements, budgets and rent rolls of the related Mortgaged Property or REO Property (as applicable),
        and quarterly and annual financial statements of the related Borrower (except in the case of an REO Property), received or prepared
        by the “Party Responsible” pursuant to its obligations under Section 3.12(b) of this Agreement; provided, however,
        that for a significant obligor described under item 1101(k)(2) of Regulation AB, only net operating income for the most recent
        fiscal year and interim period is required and, if such information for a prior period was required but not previously reported, such
        information for such prior period; and

         

        (c) the information shall be reportable only to the extent
        that is has not previously been reported as “Additional Form 10-D Information”.

         
	 
	
        Instruction J(2)(c) (Significant Enhancement Provider Information):

         

        ●     Items
        1114(b)(2) and 1115(b) of Regulation AB

         
	●     Depositor
	
        Instruction J(2)(d) (Legal Proceedings):

         

        ●     Item
        1117 of Regulation AB (it being acknowledged that such Item 1117 requires disclosure only of proceedings described therein that
        are material to security holders)

         
	
        ●     Master
        Servicer (as to itself)

         

        ●     Special
        Servicer (as to itself)

         

        ●     Certificate
        Administrator (as to itself)

         

        ●     Trustee
(as to itself)

 

    Exhibit CC-3

     

    

 

	Item on Form 10-K	Party Responsible
	 	
        ●     Depositor
        (as to itself)

         

        ●     Trustee/Certificate
        Administrator /Master Servicer/Depositor/Special Servicer as to the Trust (whichever of them is in principal control of the proceedings)

         

        ●     Each
        Mortgage Loan Seller as sponsor (as defined in Regulation AB)

         

        ●     Originators
        under Item 1110 of Regulation AB

         

        ●     Party
under Item 1100(d)(1) of Regulation AB

	
        Instruction J(2)(e) (Affiliations and Certain Relationships
        and Related Transactions) – Part 1 of 2 Parts:

         

        1119(a) of Regulation AB,

         

        but only the existence and (if existent) how there is (that
        is, the nature of) any affiliation between itself (that is, the particular “Party Responsible”), on the one hand, and
        any one or more of the following, on the other: (1) the Depositor, (2) any Mortgage Loan Seller, (3) the Trust and (4) any other
        party listed under this item as a “Party Responsible”; provided, however, that an affiliation
        need not be disclosed for purposes of the applicable Form 10-K if it was disclosed in the Prospectus or if it was previously reported
        as “Additional Form 10-K Disclosure”.

         

        and

         

        ●     1119(b)
        of Regulation AB,

         

        but only the existence and (if existent) the general
character of any business relationship, agreement, arrangement, transaction or understanding that is entered
	
        ●     Master
        Servicer (as to itself) (only as to affiliations under Item 1119(a) with the Trustee, Certificate Administrator, each Special Servicer
        or a sub-servicer retained by it meeting any of the descriptions in Item 1108(a)(3)).

         

        ●     Special
        Servicer

         

        ●     Certificate
        Administrator

         

        ●     Trustee

         

        ●     Asset
        Representations Reviewer

         

        ●     Each
        party (other than a Mortgage Loan Seller), if any, that is identified in the Prospectus as an “originator” of one or
        more Mortgage Loans, if the Prospectus specifically states that the applicable Mortgage Loans were 10% or more of the assets of
        the Trust at the date of the Prospectus (provided that such a party shall no longer constitute a “Party Responsible”
        under this item from and after the date (if any) when the Depositor notifies the parties to this Agreement to the effect that such
        party no longer constitutes an originator of 10% or

         

 

    Exhibit CC-4

     

    

 

	Item on Form 10-K	Party Responsible
	
        into outside the ordinary course of business or is on terms
        other than would be obtained in an arm’s length transaction with an unrelated third party (apart from the Series 2019-B14
        transaction) between itself (that is, the particular “Party Responsible”) or any of its affiliates, on the one hand,
        and any one or more of the following, on the other: (1) the Depositor, (2) any Mortgage Loan Seller, and (3) the Trust; provided,
        however, that a relationship, agreement, arrangement, transaction or understanding (A) must be reported only if it then
        exists or existed within the two prior years, (B) need not be reported if it is not material to an investor’s understanding
        of the Certificates and (C) need not be disclosed for purposes of the applicable Form 10-K if it was disclosed in the Prospectus
        or if it was previously reported as “Additional Form 10-K Disclosure”.

         

        and

         

        ●     1119(c)
        of Regulation AB,

         

        but only the existence and (if existent) a description
(including the terms and approximate dollar amount) of any specific relationship involving or related to the Series 2019-B14 transaction
or the Mortgage Loans between itself (that is, the particular “Party Responsible”) or any of its affiliates, on the
one hand, and any one or more of the following, on the other: (1) the Depositor, (2) any Mortgage Loan Seller, and (3) the Trust;
provided, however, that a relationship (A) must be reported only if it then exists or existed within the two prior
years, (B) need not be reported if it is not material to an investor’s understanding of the Certificates and (C) need not
be disclosed for purposes of the applicable Form 10-K if it was disclosed in the Prospectus or if it was previously reported as
“Additional Form 10-K 
	
        more of the assets of the Trust).

         

        ●     Each
        party (other than a Mortgage Loan Seller), if any, that is specifically identified as an “originator of 10% or more of the
        assets of the Trust for purposes of Regulation AB and the upcoming Form 10-K” in a written notice delivered to the parties
        to this Agreement, which notice is delivered not later than February 15 of the year in which the Form 10-K is due.

         

        ●     Each
        party (if any) that is identified in the Prospectus as an “other material party to the securities or transaction” (or
        substantially similar phrasing); provided, however, that such a party shall no longer constitute a “Party Responsible”
        under this item from and after the date (if any) when the Depositor notifies the parties to this Agreement to the effect that such
        party no longer constitutes a material party for purposes of Regulation AB.

         

        ●     Each
        party (if any) that that is specifically identified as an “other material party to the securities or transaction for purposes
        of Regulation AB and the upcoming Form 10-K” (or substantially similar phrasing) in a written notice delivered by the Depositor
        to the parties to this Agreement, which notice is delivered not later than February 15 of the year in which the Form 10-K is due.

         

 

    Exhibit CC-5

     

    

 

	Item on Form 10-K	Party Responsible
	Disclosure”.

                                                                                 
	 
	
        Instruction J(2)(e) (Affiliations and Certain Relationships
        and Related Transactions) – Part 2 of 2 Parts:

         

        1119(a) of Regulation AB,

         

        But only the existence and (if existent) how there is any
        affiliation between itself (that is, the particular “Party Responsible”), on the one hand, and any one or more of the
        parties listed under the preceding item as a “Party Responsible”, on the other; provided, however,
        that an affiliation need not be disclosed for purposes of the applicable Form 10-K if it was disclosed in the Prospectus or if
        it was previously reported as “Additional Form 10-K Disclosure”.

         

        and

         

        ●     1119(b)
        of Regulation AB,

         

        but only the existence and (if existent) the general
character of any business relationship, agreement, arrangement, transaction or understanding that is entered into outside the
ordinary course of business or is on terms other than would be obtained in an arm’s length transaction with an unrelated
third party (apart from the Series 2019-B14 transaction) between itself (that is, the particular “Party Responsible”),
on the one hand, and any one or more of the parties listed under the preceding item as a “Party Responsible”,
on the other; provided, however, that a relationship, agreement, arrangement, transaction or understanding (A) must
be reported only if it then exists or existed within the two prior years, (B) need not be reported if it is not material to an
investor’s understanding of the Certificates 
	
        ●     The
        Depositor

         

        ●     Each
        Mortgage Loan Seller

         

 

    Exhibit CC-6

     

    

 

	Item on Form 10-K	Party Responsible
	
        and (C) need not be disclosed for purposes of the applicable
        Form 10-K if it was disclosed in the Prospectus or if it was previously reported as “Additional Form 10-K Disclosure”.

         

        and

         

        ●     1119(c)
        of Regulation AB,

         

        but only the existence and (if existent) a description
        (including the terms and approximate dollar amount) of any specific relationship involving or related to the Series 2019-B14 transaction
        or the Mortgage Loans between itself (that is, the particular “Party Responsible”) or any of its affiliates, on the
        one hand, and any one or more of the parties listed under the preceding item as a “Party Responsible”, on the
        other; provided, however, that a relationship (A) must be reported only if it then exists or existed within the two
        prior years, (B) need not be reported if it is not material to an investor’s understanding of the Certificates and (C) need
        not be disclosed for purposes of the applicable Form 10-K if it was disclosed in the Prospectus or if it was previously reported
        as “Additional Form 10-K Disclosure”.

         
	 
	
        Item 15: Exhibits (no. 2):

         

        Plan of acquisition, reorganization, arrangement,
liquidation or succession (Exhibit No. 2 of Item 601 of Regulation S-K)
	●     Depositor
	
        Item 15: Exhibits (no. 3):

         

        Articles of incorporation and by-laws (Exhibit
No. 3(i) and 3(ii) of Item 601 of Regulation S-K)
	●     Depositor

 

    Exhibit CC-7

     

    

 

	Item on Form 10-K	Party Responsible	 
	
        Item 15: Exhibits (no. 4):

         

        With respect to instruments defining the rights of security
        holders (Exhibit No. 4 of Item 601 of Regulation S-K)

         
	
        ●     Trustee

         

        ●     Certificate
        Administrator

         

        ●     Depositor

         

        provided, in each case, that this shall in no
        event be construed to make such party responsible for the initial filing of this Agreement

         

        provided further, in each case, that
in the event any reportable agreement is executed by the Depositor and the Trustee or Certificate Administrator, then the Depositor
shall be the responsible party.
	 
	
        Item 15: Exhibits (no. 10):

         

        Material contracts (Exhibit No. 10 of Item 601
of Regulation S-K)
	●     Certificate Administrator, Trustee, Master Servicer and/or Special Servicer, in each case to the extent of any contract that satisfies all the following conditions:  (a) such contract relates to the Trust or one or more Mortgage Loans or REO Mortgage Loans, and (b) such contract is a contract to which such party (or a subcontractor or vendor engaged by such party) is a party or that such party (or a subcontractor or vendor engaged by such party) has caused to have been executed on behalf of the Trust.	 
	
        Item 15: Exhibits (no. 11):

         

        Statement regarding computation of per share earnings
(Exhibit No. 11 of Item 601 of Regulation S-K)
	●     Not Applicable	 
	
        Item 15: Exhibits (no. 12):

         

        Statement regarding computation of ratios (Exhibit
No. 12 of Item 601 of Regulation S-K)
	●     Not Applicable.	 

 

    Exhibit CC-8

     

    

 

	Item on Form 10-K	Party Responsible
	
        Item 15: Exhibits (no. 13):

         

        Annual report to security holders, Form 10-Q and
Form 10-QSB, or quarterly report to security holders (Exhibit No. 13 of Item 601 of Regulation S-K)
	●     Not Applicable
	
        Item 15: Exhibits (no. 14):

         

        Code of Ethics (Exhibit No. 14 of Item 601 of
Regulation S-K)
	●     Not Applicable.
	
        Item 15: Exhibits (no. 16):

         

        Letter re change in certifying accountant (Exhibit
No. 16 of Item 601 of Regulation S-K)
	●     Not Applicable
	
        Item 15: Exhibits (no. 18):

         

        Letter re change in accounting principles (Exhibit
No. 18 of Item 601 of Regulation S-K)
	●     Not Applicable.
	
        Item 15: Exhibits (no. 21):

         

        Subsidiaries of registrant (Exhibit No. 18 of
Item 601 of Regulation S-K)
	●     Depositor.
	
        Item 15: Exhibits (no. 22):

         

        Published Report Regarding Matters Submitted to
a Vote of Security Holders (Exhibit No. 22 of Item 601 of Regulation S-K).
	●     Not Applicable.
	
        Item 15: Exhibits (no. 23) – Part 1 of 2 Parts:

         

        Consents of Experts and Counsel (Exhibit No. 23(ii)
of Item 601 of Regulation S-K), where (a) the filing of a written consent is required with respect to material (in the Form 10-D)
that is incorporated by reference in the Depositor’s registration statement and (b) the
	●     Depositor

 

    Exhibit CC-9

     

    

 

	Item on Form 10-K	Party Responsible	 
	consent is not the consent of a registered public accounting firm in connection with an attestation delivered pursuant to Section 11.11 of this Agreement.	 	 
	
        Item 15: Exhibits (no. 23) – Part 2 of 2 Parts:

         

        Consents of Experts and Counsel (Exhibit No. 23(ii) of
        Item 601 of Regulation S-K), but the required shall consist of a consent of the registered public accounting firm for purposes
        of any attestation report rendered with respect to the particular “Party Responsible” pursuant to Section 11.11 of
        this Agreement.

         
	
        ●     Master
        Servicer

         

        ●     Special
        Servicer

         

        ●     Depositor

         

        ●     Any
        other Servicing Function Participant

         

        provided, however, in each case,
that such party shall have the duty to report or deliver, or cause the reporting or delivery, of such consent only to the extent
that such party is required to deliver or cause the delivery of the related attestation report.
	 
	
        Item 15: Exhibits (no. 24)

         

        Power of Attorney (Exhibit No. 24 of Item 601
of Regulation S-K), but only if the name of any party signing the Form 10-D, or the name of any officer signing the Form 10-D
on behalf of a party, is signed pursuant to a power of attorney.
	●     Certificate Administrator 	 
	
        Item 15: Exhibits (no. 31(i))

         

        Rule 13a-14(a)/15d-14(a) Certifications (Exhibit
No. 31(i) of Item 601 of Regulation S-K).
	●     Not Applicable	 
	
        Item 15: Exhibits (no. 31(ii))

         

        Rule 13a-14(d)/15d-14(d) Certifications (Exhibit
No. 31(ii) of Item 601 of Regulation S-K).
	●     Delivery of this exhibit (Sarbanes-Oxley certification and backup certifications) is governed by Section 11.06 (and Section 11.05) of this Agreement.	 
	
        Item 15: Exhibits (no. 32)

         

        Section 1350 Certifications (Exhibit No. 32 of
Item 601 of Regulation S-K).
	●     Not Applicable.	 
	Item 15:  Exhibits (no. 33)	●     Delivery of this exhibit (annual compliance	 

 

    Exhibit CC-10

     

    

 

	Item on Form 10-K	Party Responsible
	Report on assessment of compliance with servicing criteria for asset-backed securities  (Exhibit No. 33 of Item 601 of Regulation S-K).	assessment) is governed by Section 11.10 (and Section 11.07) of this Agreement.
	
        Item 15: Exhibits (no. 34)

         

        Attestation report on assessment of compliance
with servicing criteria for asset-backed securities (Exhibit No. 34 of Item 601 of Regulation S-K).
	●     Delivery of this exhibit (annual accountants’ attestation report) is governed by Section 11.11 (and Section 11.07) of this Agreement.
	
        Item 15: Exhibits (no. 35)

         

        Servicer compliance statement (Exhibit No. 35
of Item 601 of Regulation S-K).
	●     Delivery of this exhibit (annual servicer compliance statements) is governed by Section 11.09 (and Section 11.07) of this Agreement.
	
        Item 15: Exhibit (no. 36)

         

        Certification For Shelf Offerings of Asset-Backed
Securities (Exhibit No. 36 of Item 601 of Regulation S-K).
	●     Depositor.
	
        Item 15: Exhibits (no. 99)

         

        Additional exhibits (Exhibit No. 99 of Item 601
of Regulation S-K)
	●     Not Applicable.
	
        Item 15: Exhibits (no. 100)

         

        XBRL-Related Documents (Exhibit No. 100 of Item
601 of Regulation S-K).
	●     Not Applicable.
	Item 15:  Exhibits (By Operation of Item 9B Above), but only to the extent of any document that meets all the following conditions:  (a) such document constitutes “Additional Form 8-K Disclosure” pursuant to Item 9.01(d) of Exhibit DD, (b) such document is required to be reported as “Additional Form 8-K Disclosure” during the period to which the Form 10-K relates, and (c) such document was not previously reported as “Additional Form 8-K Disclosure”.	●     Certificate Administrator, Depositor and Trustee, in each case only to the extent that such party is the “Party Responsible” for the exhibit pursuant to Item 9(d) of Exhibit DD (it being acknowledged that none of the Master Servicer or the Special Servicer constitutes a “Party Responsible” under Exhibit DD with respect to any exhibits to a Form 10-K).

 

    Exhibit CC-11

     

    

 

	Item on Form 10-K	Party Responsible
	Item 15:  Exhibit (no. 101)

Interactive Data File (Exhibit No. 101 of Item 601 of Regulation S-K).	●     Not Applicable
	Item 15:  Exhibit (no. 102)

Asset Data File (Exhibit No. 102 of Item 601 of Regulation S-K).	
        ●     Certificate
        Administrator

         

        ●     Depositor

	Item 15:  Exhibit (no. 103)

Asset Related Document (Exhibit No. 103 of Item 601 of Regulation S-K).	
        ●     Certificate
        Administrator

         

        ●     Depositor

 

    Exhibit CC-12

     

    

 

EXHIBIT DD

 

FORM
8-K DISCLOSURE INFORMATION

 

The parties identified
in the “Party Responsible” column are obligated pursuant to Section 11.07 of the Pooling and Servicing Agreement to
report to the Depositor and the Certificate Administrator the occurrence of any event described in the corresponding Form 8-K Item
described in the “Item on Form 8-K” column to the extent such party has knowledge of such information (other than information
as to itself). Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity
as such) shall be entitled to rely on the accuracy of the Prospectus (other than information with respect to itself that is set
forth in or omitted from the Prospectus), in the absence of specific notice to the contrary from the Depositor or a Mortgage Loan
Seller. Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity as such)
shall be entitled to assume that there is no “significant obligor” other than a party or property identified as such
in the Prospectus and to assume that no other party or property will constitute a “significant obligor” after the Cut-off
Date. In no event shall the Master Servicer or the Special Servicer be required to provide any information for inclusion in a Form
8-K that relates to any Mortgage Loan for which the Master Servicer or the Special Servicer is not the applicable Master Servicer
or Special Servicer, as the case may be. For this Benchmark 2019-B14 Pooling and Servicing Agreement, each of the Certificate Administrator,
the Trustee, the Master Servicer and the Special Servicer (in its capacity as such) shall be entitled to assume that there is no
provider of credit enhancement, liquidity or derivative instruments within the meaning of Items 1114 or 1115 of Regulation AB.

 

	Item on Form 8-K	Party Responsible 
	
         

        Item 1.01: Entry into a Material Definitive Agreement

         

         

         
	
         

        ●     Depositor, except as described in the next bullet (it being acknowledged that Item 601 of
        Regulation         S-K requires filing of material contracts to which the registrant or a subsidiary thereof is a
        party).

         

        ●     Certificate Administrator,
Trustee, Master Servicer and/or Special Servicer (it being acknowledged that Instruction 3 to Item 1.01 of Form 8-K requires
disclosure regarding the entry into or an amendment of a definitive agreement that is material to the asset-backed securities
transaction, even if the registrant is not a party to such agreement), in each case to the extent of any amendment or definitive
agreement 

        

 

     Exhibit DD-1

     

    

 

	Item on Form 8-K	Party Responsible 	 
	
         

        

          

         
	       that
satisfies all the following conditions: (a) such amendment or definitive agreement relates to the Trust or one or more Mortgage
Loans or REO Mortgage Loans, and (b) such amendment or definitive agreement is an amendment or definitive agreement to which such
party (or a subcontractor or vendor engaged by such party) is a party or that such party (or a subcontractor or vendor engaged
by such party) has caused to have been executed on behalf of the Trust; provided, however, that the Certificate
Administrator shall be the “Party Responsible” in connection with any amendment to this Agreement.

	 
	Item 1.02:  Termination of a Material Definitive Agreement– Part 1 of 2 Parts	 

                                                                                ●     Certificate Administrator, Trustee, Master Servicer and/or Special Servicer, in each case to the extent of any contract that satisfies all the following conditions:  (a) such contract relates to the Trust or one or more Mortgage Loans or REO Mortgage Loans, and (b) such contract is a contract to which such party (or a subcontractor or vendor engaged by such party) is a party or that such party (or a subcontractor or vendor engaged by such party) has caused to have been executed on behalf of the Trust; provided, however, that the Certificate Administrator shall be the “Party Responsible” in connection with any amendment to this Agreement.
	 
	Item 1.02:  Termination of a Material Definitive Agreement– Part 2 of 2 Parts	 

                                                                                ●     Depositor, to the extent of any material agreement not covered in the prior
                                                                                item
	 
	Item 1.03:  Bankruptcy or Receivership	 

                                                                                ●     Depositor
	 

 

     Exhibit DD-2

     

    

 

	Item on Form 8-K	Party Responsible 

	Item 2.04:  Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement	

●      Depositor

         

        ●      Certificate Administrator

         

	Item 3.03:  Material Modification to Rights of Security Holders	
                                                                                ●     Certificate Administrator

                                                                                 

	Item 5.03:  Amendments of Articles of Incorporation or Bylaws; Change of Fiscal Year	
                                                                                ●     Depositor

                                                                                 

	Item 6.01:  ABS Informational and Computational Material	
                                                                                ●     Depositor

                                                                                 

	Item 6.02 (Part 1 of 3 Parts):  Change of Servicer or Trustee, but only to the extent related to a change in trustee	

        ●     Trustee

         

        ●     Depositor 

	Item 6.02 (Part 2 of 3 Parts):  Change of Servicer or Trustee, but only to the extent related to a change in Master Servicer or Special Servicer	

        ●     Certificate Administrator

         

        ●     Master Servicer or Special
Servicer, as the case may be (in each case, as to itself) 

	Item 6.02 (Part 3 of 3 Parts):  Change of Servicer or Trustee, but only to the extent related to a servicer (other than a party to the Pooling and Servicing Agreement) appointed by the particular “Party Responsible”.	

        ●     Master Servicer

         

        ●     Special Servicer

         

        ●     Certificate Administrator

         

        ●     Depositor 

	Item 6.03:  Change in Credit Enhancement or External Support	

        ●     Depositor

         

        ●     Certificate Administrator 

	Item 6.04:  Failure to Make a Required Distribution	
                                                                                ●     Certificate Administrator

                                                                                 

	Item 6.05:  Securities Act Updating Disclosure	
                                                                                ●     Depositor

                                                                                 

	Item 7.01:  Regulation FD Disclosure	
                                                                                ●     Depositor

 

     Exhibit DD-3

     

    

 

	Item on Form 8-K	Party Responsible 

	Item 8.01:  Other Events	 

                                                                                ●     Depositor

	
         

        Item 9.01(d): Exhibits (no. 1):

        

         

        Underwriting agreement (Exhibit No. 1 of Item 601 of
Regulation S-K) 
	 

                                                                                ●     Not applicable

	
         

        Item 9.01(d): Exhibits (no. 2):

        

         

        Plan of acquisition, reorganization, arrangement, liquidation
or succession (Exhibit No. 2 of Item 601 of Regulation S-K) 
	 

                                                                                ●     Depositor

	
         

        Item 9.01(d): Exhibits (no. 3):

         

        Articles of incorporation and by-laws (Exhibit No.
3(i) and 3(ii) of Item 601 of Regulation S-K) 
	 

                                                                                ●     Depositor

	
         

        Item 9.01(d): Exhibits (no. 4):

        

         

        With respect to instruments defining the rights of security
        holders (Exhibit No. 4 of Item 601 of Regulation S-K)

         
	
 

●     Certificate Administrator

        

         

        provided, in each case, that this shall in
no event be construed to make such party responsible for the initial filing of this Agreement 

	
         

        Item 9.01(d): Exhibits (no. 7):

         

        Correspondence from an independent accountant regarding
non-reliance on a previously issued audit report or completed interim review. (Exhibit No. 7 of Item 601 of Regulation S-K) 
	 

                                                                                ●     Not Applicable

	
         

        Item 9.01(d): Exhibits (no. 14): 
	 

                                                                                ●     Not Applicable

 

     Exhibit DD-4

     

    

 

	Item on Form 8-K	Party Responsible 

	
        

         

        Code of Ethics (Exhibit No. 14 of Item 601 of Regulation S-K)

         
	
	
         

        Item 9.01(d): Exhibits (no. 16):

         

        Letter re change in certifying accountant (Exhibit
No. 16 of Item 601 of Regulation S-K) 
	 

                                                                                ●     Not Applicable

	
         

        Item 9.01(d): Exhibits (no. 17):

         

        Correspondence on departure of director (Exhibit No.
17 of Item 601 of Regulation S-K) 
	 

                                                                                ●     Not Applicable

	
         

        Item 9.01(d): Exhibits (no. 20):

         

        Other documents or statements to security holders (Exhibit
No. 20 of Item 601 of Regulation S-K) 
	 

                                                                                ●     Not Applicable

	
         

        Item 9.01(d): Exhibits (no. 23):

         

        Consents of Experts and Counsel (Exhibit No. 23(ii) of Item
        601 of Regulation S-K), where the filing of a written consent is required with respect to material (in the Form 10-D) that is incorporated
        by reference in the Depositor’s registration statement.

        
	 

                                                                                ●     Depositor

	
         

        Item 9.01(d): Exhibits (no. 24)

         

        Power of Attorney (Exhibit No. 24 of Item 601 of Regulation
S-K), but only if the name of any party signing the Form 10-D, or the name of any officer signing the Form 10-D on behalf of a
party, is signed pursuant to a power of attorney. 
	 

                                                                                ●     Certificate Administrator

	
         

        Item 15: Exhibits (no. 99)

         

        Additional exhibits (Exhibit No. 99 of Item 601 of
Regulation S-K) 
	 

                                                                                ●     Not Applicable.

	
         

        Item 15: Exhibits (no. 100)

         

        
	 

                                                                                ●     Not Applicable.

 

     Exhibit DD-5

     

    

 

	Item on Form 8-K	Party Responsible 

	
        

         

        XBRL-Related Documents (Exhibit No. 100 of Item 601
of Regulation S-K). 
	 

                                                                                

 

     Exhibit DD-6

     

    

 

EXHIBIT EE

 

ADDITIONAL
DISCLOSURE NOTIFICATION

 

**SEND VIA FAX TO 410-715-2380 AND VIA EMAIL TO cts.sec.notifications@wellsfargo.com
AND VIA OVERNIGHT MAIL TO THE ADDRESS IMMEDIATELY BELOW**

 

Wells Fargo Bank, National Association, as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attn: Corporate Trust Services (CMBS) Benchmark 2019-B14 Mortgage
Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14—SEC REPORT PROCESSING

 

RE: **Additional Form [10-D][10-K][8-K] Disclosure** Required

 

Ladies and Gentlemen:

 

In accordance with Section
[11.04] [11.05] [11.07] of the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing
Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer, the undersigned,
as [               ], hereby notifies you that certain events have come to our attention that [will] [may] need to be disclosed on Form [10-D][10-K][8-K].

 

Description of Additional Form [10-D][10-K][8-K] Disclosure:

 

List of any Attachments hereto to be included in the Additional
Form [10-D][10-K][8-K] Disclosure:

 

Any inquiries related to this notification should be directed
to [                       ],
phone number: [                       ];
email address: [                       ].

 

	 	[NAME OF PARTY],
	 	as [role]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

cc: Depositor

 

     Exhibit EE-1

     

    

 

EXHIBIT FF 

 

INITIAL
SUB-SERVICERS

 

	Property Name	Subservicer Name
	SE Michigan Multifamily Portfolio	Bellwether
    Enterprise Real Estate Capital, LLC
	Legends at Village West	Berkadia
    Commercial Mortgage LLC
	Compass AGP Storage Portfolio	Berkadia
    Commercial Mortgage LLC
	The Rockland	Berkadia
    Commercial Mortgage LLC
	The Shops at Merchant’s Square	NorthMarq
    Capital, LLC
	Nobu DC	CBRE
Loan Services, Inc. 

	1713 Parkway	CBRE
    Loan Services, Inc.
	Villas
    on Nueces	Holliday
    Fenoglio Fowler, L.P. 
	225 Bush	Holliday
    Fenoglio Fowler, L.P.
	8
    West Centre	Holliday
    Fenoglio Fowler, L.P.
	Bella
    Vista Phase II	Holliday
    Fenoglio Fowler, L.P.
	Sparks Galleria	Preferred
    Capital Advisors

 

     Exhibit FF-1

     

    

 

EXHIBIT GG 

 

SERVICING
FUNCTION PARTICIPANTS

 

None.

 

     Exhibit GG-1

     

    

 

EXHIBIT HH

 

FORM
OF ANNUAL COMPLIANCE STATEMENT

 

CERTIFICATION

Benchmark 2019-B14 Mortgage Trust,

Commercial Mortgage Pass-Through Certificates

Series 2019-B14 (the “Trust”)

 

I, [identifying the certifying
individual], on behalf of [Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer and as Special
Servicer] [Wells Fargo Bank, National Association, as Certificate Administrator] [Wells Fargo Bank, National Association, as Trustee]
(the “Certifying Servicer”), certify to J.P. Morgan Chase Commercial Mortgage Securities Corp. and its officers,
directors and affiliates, and with the knowledge and intent that they will rely upon this certification, that:

 

		1.	I (or Servicing Officers under my supervision) have reviewed the Certifying Servicer’s activities
[during the preceding calendar year] [between [__] and [__]] (the “Reporting Period”) and the Certifying Servicer’s
performance under the Pooling and Servicing Agreement; and

 

		2.	To the best of my knowledge, based on such review, the Certifying Servicer has fulfilled all of
its obligations under the Pooling and Servicing Agreement in all material respects during the Reporting Period. [To my knowledge,
the Certifying Servicer has failed to fulfill the following obligations under the Pooling and Servicing Agreement: [SPECIFY EACH
SUCH FAILURE AND THE NATURE AND STATUS THEREOF]].

 

	Date:	            	

 

[MIDLAND LOAN SERVICES, A DIVISION
OF PNC BANK, NATIONAL ASSOCIATION, as master servicer]

[MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, as special servicer]

[WELLS FARGO BANK, NATIONAL ASSOCIATION, as certificate administrator]

[WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee]

 

	By:	
	
	 	Name:

Title:	 

 

     Exhibit HH-1

     

    

 

EXHIBIT II

 

FORM
OF REPORT ON ASSESSMENT OF

COMPLIANCE with SERVICING CRITERIA

 

[Name of Reporting Servicer]
(the “Reporting Servicer”) is responsible for
assessing compliance with the servicing criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB, as of and
for the 12-month period ending December 31, 20[__] (the “Reporting
Period”), as set forth in Exhibit AA to the Pooling and Servicing Agreement. The transactions covered by this
report include asset-backed securities transactions for which the Reporting Servicer acted as [a master servicer, special servicer,
trustee, certificate administrator] involving commercial mortgage loans [other than __________________1] (the “Platform”);

 

The Reporting Servicer has engaged certain
vendors, which are not servicers as defined in Item 1101(j) of Regulation AB (the “Vendors”)
to perform specific, limited or scripted activities, and the Reporting Servicer elects to take responsibility for assessing compliance
with the servicing criteria or portion of the servicing criteria applicable to such Vendors’ activities as set forth on Schedule
A;

 

Except as set forth in paragraph 4 below,
the Reporting Servicer used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance with
the applicable servicing criteria;

 

The criteria listed in the column titled
“Inapplicable Servicing Criteria” on Schedule A hereto are inapplicable to the Reporting Servicer based on the activities
it performs, directly or through its Vendors, with respect to the Platform;

 

The Reporting Servicer has complied, in
all material respects, with the applicable servicing criteria as of December 31, 20[__] and for the Reporting Period with respect
to the Platform taken as a whole[, except as described on Schedule B hereto];

 

The Reporting Servicer has not identified
and is not aware of any material instance of noncompliance by the Vendors with the applicable servicing criteria as of December
31, 20[__] and for the Reporting Period with respect to the Platform taken as a whole[, except as described on Schedule B hereto];

 

The Reporting Servicer has not identified
any material deficiency in its policies and procedures to monitor the compliance by the Vendors with the applicable servicing criteria
as of December 31, 20[__] and for the Reporting Period with respect to the Platform taken as a whole[, except as described on
Schedule B hereto]; and

 

 

 

1
Describe any permissible exclusions, including those permitted under telephone interpretation 17.04 (i.e. transactions registered
prior to compliance with Regulation AB, transactions involving an offer and sale of asset backed securities that were not required
to be issued), if applicable.

 

     Exhibit II-1

     

    

 

[____], a registered public accounting
firm, has issued an attestation report on the Reporting Servicer’s assessment of compliance with the applicable servicing
criteria for the Reporting Period.

 

[Date of Certification]

 

	 	[Name of Reporting Servicer]
	 	 	 
		By:	
 
	 	 	Name:

Title:

 

     Exhibit II-2

     

    

 

EXHIBIT JJ

 

CREFC®
PAYMENT INFORMATION

 

Payments shall be made to “CRE Finance Council”
and sent to:

Commercial Real Estate Finance Council, Inc.

900 7th Street, NW, Suite 820

Washington, DC 20001

Attn: President

 

or by wire transfer to:

 

Account Name: Commercial Real Estate Finance Council (CREFC®)

Bank Name: Chase

Bank Address: 80 Broadway, New York, NY 10005

Routing Number: 021000021

Account Number: 213597397

 

     Exhibit JJ-1

     

    

 

EXHIBIT KK

 

Form
of Notice of ADDITIONAL 

INDEBTEDNESS
NOTIFICATION

 

VIA E-MAIL:

To: Wells Fargo Bank, National Association, as Certificate
Administrator; cts.sec.notifications@wellsfargo.com 

 

Ref: Benchmark 2019-B14, Additional Debt Notice for Form 10-D

 

The following information is being furnished to you for inclusion
on Form 10-D pursuant to Sections 3.18(e) and 11.04(a) of the Pooling and Servicing Agreement

 

	 	Portfolio
    Name	Mortgage
    Loan	Position
    in Debt Stack	Additional
    Debt	OPB	OPB
    Date	Appraised
    Value	Appraised
    Value Date	Aggregate
    LTV	Aggregate
    NCF DSCR	Aggregate
    NCF DSCR Date	Primary
    Servicer	Master
    Servicer	Lead
    Servicer	Prospectus
    ID
	1	Benchmark
    2019-B14	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside
    the Trust	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside
    the Trust	 	 	$ 
	 	 	$	 	%	 	 	 	 	 	 
	 	 Total	 	 	$	 	 	 	 	 	 	 	 	 	 	 
	2	Benchmark
    2019-B14	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside
    the Trust	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside
    the Trust	 	 	$ 
	 	 	$	 	%	 	 	 	 	 	 
	 	 Total	 	 	$	 	 	 	 	 	 	 	 	 	 	 
	3	Benchmark
    2019-B14	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside
    the Trust	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside
    the Trust	 	 	$ 
	 	 	$	 	%	 	 	 	 	 	 
	 	 Total	 	 	$	 	 	 	 	 	 	 	 	 	 	 

 

     Exhibit KK-1

     

    

 

EXHIBIT LL

 

[Reserved.]

 

     Exhibit LL-1

     

    

 

EXHIBIT MM

 

ADDITIONAL
DISCLOSURE NOTIFICATION (ACCOUNTS)

 

INSTRUCTIONS:

 

FOR ACCOUNT BALANCE REPORTING: SEND VIA EMAIL TO:

CTS.SEC.NOTIFICATIONS@WELLSFARGO.COM

 

FOR ALL OTHER NOTIFICATIONS: SEND VIA FAX, EMAIL AND OVERNIGHT
MAIL TO THE ADDRESS IMMEDIATELY BELOW**

 

Wells Fargo Bank, National Association, as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attn: Corporate Trust Services (CMBS) Benchmark 2019-B14—SEC
REPORT PROCESSING

E-Mail: cts.sec.notifications@wellsfargo.com

 

RE: **Additional Form [10-D][10-K][8-K] Disclosure** Required

 

Ladies and Gentlemen:

 

In accordance with Section
11.04 of the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and
as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer, the undersigned, as [                    ],
hereby notifies you that certain events have come to our attention that [will] [may] need to be disclosed on Form [10-D][10-K][8-K]. 

Description of Additional Form [10-D][10-K][8-K] Disclosure:

 

[With respect to the Collection Account and REO Account balance
information:

 

	Account Name	
        Beginning Balance as of 

         MM/DD/YYYY 
	
        Ending Balance as of 

        

        MM/DD/YYYY

        

	Collection Account	 	 
	REO Account	 	 

 

     Exhibit MM-1

     

    

 

List of any Attachments hereto to be included in the Additional
Form [10-D][10-K][8-K] Disclosure:

 

Any inquiries related to this notification should be directed
to [                       ],
phone number: [         ]; email address:  [                   ].

 

	 	[NAME OF PARTY],
	 	as [role]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

cc: Depositor

 

     Exhibit MM-2

     

    

 

EXHIBIT NN

 

Form
of NOTICE OF PURCHASE OF [CONTROLLING CLASS CERTIFICATE] [225 BUSH Controlling class CERTIFICATEHOLDER]

 

[Date]

 

Wells Fargo Bank, National Association

           as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Email: trustadministrationgroup@wellsfargo.com

 

Midland Loan Services, a Division of PNC Bank, National Association
            as Master Servicer and Special Servicer

10851 Mastin Street

Building 82, Suite 300

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Telecopy number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

 

Pentalpha Surveillance LLC

           as Operating Advisor

Pentalpha Surveillance LLC

375 N. French Road, Suite 100

Amherst, New York 14228

Attention: Benchmark 2019-B14—Transaction Manager

With a copy sent via email to: notices@pentalphasurveillance.com (with Benchmark 2019-B14 in the subject line)

  

		Re:	Benchmark 2019-B14 Mortgage Trust Commercial Mortgage Pass-Through Certificates,
Series 2019-B14 (the “Certificates”) issued pursuant to the Pooling and Servicing Agreement dated as of November
1, 2019 (the “Pooling and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells
Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor
and as Asset Representations Reviewer. 

 

This letter is delivered to you, pursuant
to Section [3.23][3.35] of the Pooling and Servicing Agreement in connection with the transfer by ____________ (the “Transferor”)
to us (the “Transferee”) of $__________________ original principal balance in the Class [__] Certificates, representing
[_____]% of the Class [__] Certificates. The Certificates were issued pursuant to the Pooling and Servicing Agreement.

 

     Exhibit NN-1

     

    

 

		1.	Our name and address is as follows:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Contact Info: [Tel/Email]	 

 

		2.	[IF APPLICABLE] We hereby certify, represent and warrant
to you, as Certificate Administrator, that we are purchasing a majority interest in the Class [__] Certificates, and that
we are not affiliated with the Transferor. To the extent that any Control Termination Event or Consultation Termination Event
has occurred due to a waiver of a prior Class [__] Certificateholder of its rights under the Pooling and Servicing Agreement,
we hereby request that you reinstate such rights and post a “special notice” on your website to the following effect:

 

“A Consultation Termination
Event or a Control Termination Event has been terminated and is no longer in effect due to a transfer of a majority interest of
the Controlling Class to an unaffiliated third party which has terminated any waiver by the prior Holder.

 

All capitalized terms
used but not otherwise defined herein shall have the respective meanings set forth in the Pooling and Servicing Agreement.

 

	 	Very truly yours,
	 	 	 
	 	 	(Transferee)
	 	 	 
		By:	
 
	 	 	Name:
	 	 	Title:

 

     Exhibit NN-2

     

    

 

EXHIBIT OO

 

FORM OF ASSET REVIEW
REPORT

 

BY THE ASSET REPRESENTATIONS
REVIEWER1

 

To: [Addresses of Recipients]

 

		Re:	Benchmark 2019-B14 Mortgage Trust

 

Ladies and
Gentlemen:

 

In accordance
with Section 12.01 of the Pooling and Servicing Agreement, dated as of November 1, 2019 (the “Pooling and Servicing Agreement”),
the undersigned Asset Representations Reviewer (“ARR”) has performed an Asset Review on each Delinquent Loan
identified in accordance with the terms of the Pooling and Servicing Agreement, and is hereby issuing the following Asset Review
Report.

 

		1.	As described in the detailed scorecard attached hereto as Exhibit A, we have
performed an Asset Review on each Delinquent Loan identified in accordance with the terms of the Pooling and Servicing Agreement
and our conclusion is that there is [no evidence of a Test failure/evidence of [•] Test failures] with respect to the Delinquent
Loans.

 

		2.	A conclusion by the ARR of a Test pass or a Test failure shall not constitute a determination by
the ARR of (i) the existence or nonexistence of a Material Defect, or (ii) whether the Trust should enforce any rights it may have
against the applicable Mortgage Loan Seller. In addition, the Tests may not be sufficient to determine every instance of noncompliance.

 

		3.	The ARR, other than forwarding this report to the persons listed above, will not be required to
take or participate in any other or further action with respect to the aforementioned Asset Review Report.

 

		4.	Capitalized words and phrases used herein shall have the respective meanings assigned to them in
the above-captioned Pooling and Servicing Agreement.

 

	 	PENTALPHA SURVEILLANCE LLC,

 as Asset Representations Reviewer
	 	 	 
		By:	
 
	 	 	Name:
	 	 	Title:

 

 

 

1
This report is an indicative report, and the Asset Representations Reviewer will have the ability to modify or alter the organization
and content of this report, subject to compliance with the terms of the Pooling and Servicing Agreement, including without limitation,
provisions relating to Privileged Information.

 

     Exhibit OO-1

     

    

 

Exhibit A

 

Detailed Scorecard [Template Example Below]

 

	
        Test failures

         

	Loan #	Loan Name	R&W #	R&W Name	Test #	Test Description	Findings
	[Insert Loan Number]	[Insert Loan Name]	44	Lease Estoppels	44c	[Insert Test Description]	[Insert Test findings]
	32	Due on Sale or Encumbrance	32b	 	 

 

     Exhibit OO-2

     

    

 

EXHIBIT PP

 

FORM OF ASSET REVIEW
REPORT SUMMARY1

 

To: [Addresses of Recipients]

 

		Re:	Benchmark 2019-B14 Mortgage Trust

 

Ladies and
Gentlemen:

 

In
accordance with Section 12.01 of the Pooling and Servicing Agreement, dated as of November 1, 2019 (the
“Pooling and Servicing Agreement”), the undersigned Asset Representations Reviewer (“ARR”)
has performed an Asset Review on each Delinquent Loan identified in accordance with the terms of the Pooling and Servicing Agreement,
and is hereby issuing the following Asset Review Report Summary.

 

		1.	As described in the summary scorecard attached hereto as Exhibit A, we have
performed an Asset Review on each Delinquent Loan identified in accordance with the terms of the Pooling and Servicing Agreement
and our conclusion is that there is [no evidence of a Test failure/evidence of [•] Test failures] with respect to the Delinquent
Loans.

 

		2.	A conclusion by the ARR of a Test pass or a Test failure shall not constitute
a determination by the ARR of (i) the existence or nonexistence of a Material Defect, or (ii) whether the Trust should enforce
any rights it may have against the applicable Mortgage Loan Seller. In addition, the Tests may not be sufficient to determine every
instance of noncompliance.

 

		3.	The ARR, other than forwarding this Asset Review Report Summary to the parties listed above, will
not be required to take or participate in any other or further action with respect to the aforementioned Asset Review Report Summary.

 

		4.	Capitalized words and phrases used herein shall have the respective meanings assigned to them in
the above-captioned Pooling and Servicing Agreement.

 

	 	PENTALPHA SURVEILLANCE LLC,

 as Asset Representations Reviewer
	 	 	 
		By:	
 
	 	 	Name:
	 	 	Title:

 

 

 

1
This report is an indicative report, and the Asset Representations Reviewer will have the ability to modify or alter the organization
and content of this report, subject to compliance with the terms of the Pooling and Servicing Agreement, including without limitation,
provisions relating to Privileged Information.

 

     Exhibit PP-1

     

    

 

Exhibit A

 

Summary Scorecard [Template Example Below]

 

	
        Test failures

         
	 	 	 	 
	Loan #	Loan Name	Representations and Warranty #	Representation and Warranty Name	Test #
	[Insert Loan #]	[Insert Loan Name]	44	Lease Estoppels	44c
	32	Due on Sale or Encumbrance	32b

 

     Exhibit PP-2

     

    

 

EXHIBIT QQ-A

 

JPMCB ASSET REVIEW PROCEDURES

 

Pursuant to the terms and subject to the conditions set forth in the Pooling and Servicing
Agreement (“PSA”), the Asset Representations Reviewer (“Asset Representations Reviewer”)
shall perform an Asset Review with respect to each representation and warranty made by the related Mortgage Loan Seller only with
respect to each Delinquent Loan in accordance with the procedures set forth below (each such procedure, a “Test”);
provided, however, the Asset Representations Reviewer may, but is under no obligation to, modify any Test and/or
associated Review Materials described in this Exhibit QQ if, and only to the extent, the Asset Representations Reviewer
determines pursuant to the Asset Review Standard that it is necessary to modify such Test and/or such associated Review Materials
in order to facilitate its Asset Review in accordance with the Asset Review Standard. Capitalized terms used herein but not defined
herein have the meaning set forth in the PSA or, solely with respect to a representation and warranty, the meaning set forth in
the mortgage loan purchase agreement where JPMCB is the Seller (the “JPMCB Mortgage Loan Purchase Agreement”).
For the avoidance of doubt, in connection with the performance of the following Tests:

 

	(A)	With respect to any representation and warranty that includes a knowledge qualifier (e.g.,
to the Mortgage Loan Seller’s knowledge, etc.), the Asset Representations Reviewer shall not be responsible for any investigation
or review beyond that set forth in the applicable Test related to such representation and warranty;

 

	(B)	With respect to any representation and warranty that includes the examination of an insurance policy
or Title Policy, the Asset Representations Reviewer will be permitted to engage a qualified consultant to perform a review of the
applicable policy, and will be allowed to rely upon the conclusions of the consultant when making a determination as to whether
there is a Test pass.

 

	(C)	The Asset Representations Reviewer shall be under no duty to provide or obtain a legal opinion,
legal review or legal conclusion;

 

	(D)	Unless otherwise provided in the Test, the “as of” date for the testing of a representation
is as of the Closing Date;

 

	(E)	Unless otherwise provided in the Test, if there is more than one version of the same document with
respect to a particular Mortgage Loan or Mortgaged Property, the document that will be used by the Asset Representations Reviewer
in testing is the document that is dated as of the Closing Date or, if none, the document closest prior to the Closing Date;

 

	(F)	With respect to each representation and warranty and its related Test(s), the Asset Representations
Reviewer shall take into account any exceptions to such representation and warranty described in the JPMCB Mortgage Loan Purchase
Agreement with respect to a Mortgage Loan, and a Test pass shall be deemed to have occurred with respect to 

 

    Exhibit QQ-A-1

     

    

 

	 	such Test if the sole
reason for not satisfying the applicable Test is caused by such exception(s);

 

	(G)	Evidence of a failure of a Test could result from (i) an affirmative determination by the
Asset Representations Reviewer that the Test failed to achieve a Test pass, or (ii) a determination by the Asset Representations
Reviewer that the documentation included in the Review Materials (after making such request for any missing documents in the manner
provided for in the PSA) is not sufficient to perform the Test; and

 

	(H)	A determination by the Asset Representations Reviewer of a Test pass or a Test failure shall not
constitute a determination by the Asset Representations Reviewer of (i) the existence or nonexistence of a Material Defect,
or (ii) whether the Trust should enforce any rights it may have against the applicable Mortgage Loan Seller.

 

The Asset Representations Reviewer will only be required to perform the Tests described in this Exhibit
QQ, and will not be obligated to perform additional procedures on any Delinquent Loan, even if a different set of procedures
or Review Materials could produce a different outcome. Notwithstanding the required Tests, the Asset Representations Reviewer will
not be required to review any information other than (1) Review Materials specified in the related Test and (2) if applicable,
Unsolicited Information. The Asset Representations Reviewer may, but is under no obligation to, consider Unsolicited Information
relevant to the Tests subject to the terms of the PSA. If the Asset Representations Reviewer considers Unsolicited Information,
the Asset Representations Reviewer shall take into account such Unsolicited Information, in addition to the Review Materials referred
to in the applicable Test(s) procedure when making a determination as to whether there is a Test pass.

 

    Exhibit QQ-A-2

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	1.     Complete
    Servicing File.  All documents comprising the Servicing File will be or have been delivered to the Master Servicer
    with respect to each JPMCB Mortgage Loan by the deadlines set forth in the PSA and/or the Mortgage Loan Purchase Agreement.
	1	Review
the Servicing File to determine if it includes a signed custodian certification that does not contain any exceptions reported.  If
so determined, it will be a Test pass. 
	Servicing
    File; Custodian certification
	2.     Whole
    Loan; Ownership of Mortgage Loans.  Except with respect to each JPMCB Mortgage Loan that is part of a Whole
    Loan, each JPMCB Mortgage Loan is a whole loan and not an interest in a JPMCB Mortgage Loan.  Each JPMCB Mortgage
    Loan that is part of a Whole Loan is a senior portion (or a pari passu portion of a senior portion) of a whole mortgage
    loan.  Immediately prior to the sale, transfer and assignment to depositor, no Mortgage Note or Mortgage was subject
    to any assignment (other than assignments to the Mortgage Loan Seller or, with respect to any Non-Serviced JPMCB Mortgage
    Loan, to the related Non-Serviced Trustee), participation (other than with respect to Serviced JPMCB Mortgage Loans) or pledge,
    and the Mortgage Loan Seller had good and marketable title to, and was the sole owner of, each JPMCB Mortgage Loan free and
    clear of any and all liens, charges, pledges, encumbrances, participations (other than with respect to agreements among noteholders
    with respect to a Whole Loan) (subject to certain agreements regarding servicing and/or defeasance successor borrower rights
    as provided in the Pooling and Servicing Agreement, subservicing agreements permitted thereunder and that certain servicing
    rights appointment agreement, dated as of the Closing Date, between the Master Servicer and the Mortgage Loan Seller), any
    other ownership interests and other interests on, in or to such JPMCB Mortgage Loan (subject to certain agreements regarding
    servicing and/or defeasance successor borrower rights as provided in the PSA, subservicing agreements permitted thereunder
    and that certain servicing rights appointment agreement, dated as of the Closing Date, between the Master Servicer and the
    Mortgage Loan Seller).  The Mortgage Loan Seller has full right and authority to sell, assign and transfer each
    JPMCB Mortgage Loan, and the assignment to depositor constitutes a legal, valid and binding assignment of such JPMCB Mortgage
    Loan free and clear of any and all liens, pledges, charges or security interests of any nature encumbering such JPMCB Mortgage
    Loan (subject to certain agreements regarding servicing and/or defeasance successor borrower rights as provided in the PSA,
	2a	Except
    with regard to each JPMCB Mortgage Loan that is part of a Whole Loan, review the amounts listed on the original Mortgage Note
    and Mortgage to determine if they match the amounts listed on the Mortgage Loan Schedule.  If the amounts are the
    same, then such JPMCB Mortgage Loan would be considered a whole loan.  If there is more than one property then the
    Mortgage for each property would be need to be aggregated.  If so determined, it will be a Test pass.	Mortgage
    Note; Mortgage; Mortgage Loan Schedule
	2b	If
    the JPMCB Mortgage Loan is a Serviced Mortgage Loan or Non-Serviced Mortgage Loan, review the Mortgage(s), Mortgage Note,
    loan agreement related to the JPMCB Mortgage Loan (“Loan Agreement”), JPMCB Mortgage Loan guaranty, Assignment
    of Leases, and Environmental Indemnification Agreement (collectively, the “Mortgage Loan Documents”) or
    intercreditor agreement to determine if it is a senior portion (or a pari passu portion of a senior portion) of a whole Mortgage
    Loan.  If so determined, it will be a Test pass.	JPMCB
    Mortgage Loan Documents; Intercreditor agreement
	2c	Review
    any notice previously delivered by the master servicer or the special servicer, as applicable, of any alleged defect or breach
    with respect to any Delinquent Loan (collectively, the “MS Servicer Notices”) for a notation or other indication
    of any claim or assertion regarding the Mortgage Loan Seller not having good and marketable title to, or not being the sole
    owner of, the JPMCB Mortgage Loan, free and clear of any and all liens, charges, pledges, encumbrances, participations (other
    than with respect to agreements among Mortgage Noteholders with respect to a Whole Loan), any other ownership interests and
    other interests on, in or to such JPMCB Mortgage Loan (subject to certain agreements regarding servicing and/or defeasance
    successor borrower rights as provided in the PSA, subservicing agreements permitted thereunder and that	MS
    Servicer Notices

 

    Exhibit QQ-A-3

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	subservicing
    agreements permitted thereunder and that certain servicing rights appointment agreement, dated as of the Closing Date, between
    the Master Servicer and the Mortgage Loan Seller).
	 	certain
    servicing rights appointment agreement, dated as of the Closing Date, between the Master Servicer and the Mortgage Loan Seller).  If
    such a notation or other indication is not found, it will be a Test pass.	 
	2d	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion regarding the Mortgage Loan Seller not
    having the full right and authority to sell, assign and transfer the JPMCB Mortgage Loan.  If such a notation or
    other indication is not found, it will be a Test pass.	MS
    Servicer Notices
	2e	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion regarding the assignment to the Depositor
    not constituting a legal, valid and binding assignment of such JPMCB Mortgage Loan as described in the last sentence of representation
    and warranty 2.  If such a notation or other indication is not found, it will be a Test pass.	MS
    Servicer Notices
	3.     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 JPMCB 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 as such enforcement may be limited by (i) bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforcement is considered in a proceeding in equity or at law and except that certain provisions in such Mortgage Loan documents (including, without limitation, provisions requiring the payment of default interest, late fees or prepayment/yield maintenance premiums) may be further limited or rendered unenforceable by applicable law) (clauses (i) and (ii) collectively, the “Insolvency Qualifications”).  

                                                                                 

                                                                                Except as set forth in the immediately preceding sentences, there is
	3a	Review
    the opinion of Borrower’s counsel (“Borrower’s Counsel Opinion”) to determine if it contains
    language indicating that the related Mortgage Note, Mortgage, assignment of leases (if a separate instrument), guaranty and
    other agreement executed by or on behalf of the related Borrower, guarantor or other obligor in connection with such Mortgage
    Loan is the legal, valid and binding obligation of the related Borrower, 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 as specified in representation and warranty
    3.  If so determined, it will be a Test pass.	Borrower’s
    Counsel Opinion
	3b	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion regarding rights of offset, defenses,
    counterclaims or rights of rescission available to the related Borrower with respect to any of the related Mortgage Notes,
    Mortgages or other Mortgage Loan Documents, except with respect to any Insolvency	MS
    Servicer Notices

 

    Exhibit QQ-A-4

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	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 Mortgage Loan documents, including, without limitation, any such valid offset, defense,
    counterclaim or right based on intentional fraud by the Mortgage Loan Seller in connection with the origination of the JPMCB
    Mortgage Loan, that would deny the mortgagee the principal benefits intended to be provided by the Mortgage Note, Mortgage
    or other Mortgage Loan documents.
	 	Qualifications.  If
    such a notation or other indication is not found, it will be a Test pass.	 
	4.     Mortgage
    Provisions.  The Mortgage Loan documents for each JPMCB 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 Insolvency Qualifications.
	4	Review
    the Mortgage Loan Documents and Borrower’s Counsel Opinion to determine if the Mortgage Loan Documents 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 Insolvency Qualifications.  If so determined,
    it will be a Test pass.	Mortgage
    Loan Documents; Borrower’s Counsel Opinion
	5.     Hospitality
    Provisions.  The Mortgage Loan documents for each JPMCB Mortgage Loan that is secured by a hospitality property
    operated pursuant to a franchise agreement includes an executed comfort letter or similar agreement signed by the Mortgagor
    and franchisor of such property enforceable by the Issuing Entity against such franchisor, either directly or as an assignee
    of the originator. The Mortgage or related security agreement for each JPMCB Mortgage Loan secured by a hospitality property
    creates a security interest in the revenues of such property for which a UCC financing statement has been filed in the appropriate
    filing office.
	5a	Review
    the appraisals to determine if any of the properties are specifically identified as hospitality properties.  If
    so, review the Mortgage File to determine if there exists a franchise agreement and executed comfort letter or other similar
    agreement signed by the Borrower and franchisor that is enforceable by the Issuing Entity against such franchisor, either
    directly or as an assignee of the originator. If so determined with respect to each part of the Test, it will be a Test pass.	Appraisal;
    franchise agreement; Comfort letter or similar agreement signed by or from such franchisor
	5b	If
    the appraisals specifically identify any Mortgaged Properties as hospitality properties, review the security agreement for
    each Mortgaged Property to determine if there are provisions related to creating a security interest in the revenues of such
    property.  Also, review the Mortgage File to determine if there exist filed copies (bearing evidence of filing)
    or evidence of filing of any related UCC financing statements, related amendments and continuation statements. If so determined
    with respect to each part of this Test, it will be a Test pass.	UCC
    filing; Appraisal; Mortgage File

 

    Exhibit QQ-A-5

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	6.     Mortgage
    Status; Waivers and Modifications.  Since origination and except by written instruments set forth in the related
    Mortgage File or as otherwise provided in the related Mortgage Loan documents (a) the material terms of such Mortgage, Mortgage
    Note, Mortgage Loan guaranty, and related Mortgage Loan documents have not been waived, impaired, modified, altered, satisfied,
    canceled, subordinated or rescinded in any respect; (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 such Mortgaged Property; and (c) neither Mortgagor nor guarantor has been released
    from its obligations under the JPMCB Mortgage Loan.  The material terms of such Mortgage, Mortgage Note, Mortgage
    Loan guaranty, and related Mortgage Loan documents have not been waived, impaired, modified, altered, satisfied, canceled,
    subordinated or rescinded in any respect since October 17, 2019.
	6a	Review
    the Mortgage Loan Documents and MS Servicer Notices to determine if the material terms of such documents have been waived,
    impaired, modified, altered, satisfied, cancelled, subordinated or rescinded in any respect, except by written instruments
    set forth in the related Mortgage File. If not so determined, it will be a Test pass.	Mortgage
    Loan Documents; MS Servicer Notices
	6b	Review
    the MS Servicer Notices and Mortgage Loan Documents to determine if a 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 such Mortgaged Property.  If not so determined, it will
    be a Test pass.	MS
    Servicer Notices; Mortgage Loan Documents
	6c	Review
    the MS Servicer Notices for a notation or other indication that either the Borrower or Guarantor has been released from its
    obligations under any JPMCB Mortgage Loan.  If such a notation or other indication is not found, it will be a Test
    pass.	MS
    Servicer Notices
	6d	Review
    the Mortgage Loan Documents and MS Servicer Notices to determine if the material terms of such documents have been waived,
    impaired, modified, altered, satisfied, cancelled, subordinated or rescinded in any respect since October 17, 2019. If not
    so determined, it will be a Test pass.	Mortgage
    Loan Documents; MS Servicer Notices
	7.     Lien;
    Valid Assignment.  Subject to the Insolvency Qualifications, each endorsement and assignment of Mortgage and
    assignment of Assignment of Leases (if a separate instrument from the Mortgage) to the Issuing Entity (or, with respect to
    any Non-Serviced JPMCB Mortgage Loan, to the related Non-Serviced Trustee) constitutes a legal, valid and binding endorsement
    or assignment to the Issuing Entity (or, with respect to any Non-Serviced JPMCB Mortgage Loan, to the related Non-Serviced
    Trustee).  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
	7a	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion regarding any endorsement and assignment
    of Mortgage and Assignment of Leases not constituting a legal, valid and binding endorsement or assignment from the Mortgage
    Loan Seller, subject to the Insolvency Qualifications.  If such a notation or other indication is not found, it
    will be a Test pass.	MS
    Servicer Notices
	7b	Review
    the Mortgage for each property and the Assignment of Leases for each property for provisions to the effect that the related
    Mortgage and Assignment of Leases is not freely assignable without the consent of the related Borrower.  If no such
    provision is found, it will be a Test pass.	Mortgage;
    Assignment of Leases

 

    Exhibit QQ-A-6

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	Property in the principal amount of such JPMCB Mortgage Loan or allocated loan amount (subject only to Permitted Encumbrances (as defined below)), except as the enforcement thereof may be limited by the Insolvency Qualifications.  Such Mortgaged Property (subject to Permitted Encumbrances) as of origination was, and as of the Cut-off Date to the Mortgage Loan Seller’s knowledge, is free and clear of any recorded mechanics’ liens, recorded materialmen’s liens and other recorded encumbrances, and to the Mortgage Loan Seller’s knowledge and subject to the rights of tenants, 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 insured against by a lender’s title insurance policy (as described below).  Any security agreement, chattel mortgage or equivalent document related to and delivered in connection with the JPMCB Mortgage Loan establishes and creates a valid and enforceable lien on property described therein subject to Permitted Encumbrances, except as such enforcement may be limited by Insolvency Qualifications subject to the limitations described in representation and warranty 11 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.

                                                                                 

                                                                                The assignment of the JPMCB Mortgage Loans to the Depositor validly and effectively transfers and conveys all legal and beneficial ownership of the JPMCB Mortgage Loans to the Depositor free and clear of any pledge, lien, encumbrance or security interest (subject to certain agreements regarding servicing as provided in the PSA, subservicing agreements permitted thereunder and that certain servicing rights appointment agreement, dated as of the Closing Date, between the Master Servicer and the Mortgage Loan Seller).
	7c	Review
    the title policy (as defined in representation and warranty 8, the “Title Policy”) to determine if the
    Mortgage is a first lien on the Borrower’s interest in the Mortgaged Property.  Compare the amount of the
    Title Policy to the principal amount of the JPMCB Mortgage Loan or allocated loan amount to determine they are equivalent.  If
    each such determination is made, it will be a Test pass.	Title
    Policy
	7d	Review
    the Title Policy to determine if the Mortgaged Property was free and clear of any recorded mechanics’ liens, recorded
    materialmen’s liens and other recorded encumbrances.  If so determined, it will be a Test pass.	Title
    Policy
	7e	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion that, as of the Cut-off Date, the Mortgage
    Loan Seller had knowledge that the Mortgaged Property was not free and clear of any recorded mechanics’ liens, recorded
    materialmen’s liens and other recorded encumbrances.  If such a notation or other indication is not found,
    it will be a Test pass.	MS
    Servicer Notices
	7f	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion that, subject to the rights of tenants,
    there are rights existing 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 insured against by a lender’s title insurance policy.  If
    such a notation or other indication is not found, it will be a Test pass.	MS
    Servicer Notices
	7g	Review
    the Title Policy to determine if any security agreement, chattel mortgage or equivalent document related to and delivered
    in connection with the JPMCB Mortgage Loan establishes and creates a valid and enforceable lien on property described therein
    subject to Permitted Encumbrances, except as such enforcement may be limited by Insolvency Qualifications subject to the limitations
    described in representation and warranty 11 below.  The foregoing excludes the perfection of any security interest
    in rents or other personal property to the extent that possession	Title
    Policy

 

    Exhibit QQ-A-7

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	 	 	or
    control of such items or actions other than the filing of a UCC financing statements is required in order to effect such perfection.  If
    so determined, it will be a Test pass.	 
	7h	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion that the Mortgage Loan Seller did not
    have good and marketable title free and clear of any pledge, lien, encumbrance or security interest.  If such a
    notation or other indication is not found, it will be a Test pass.	MS
    Servicer Notices
	7i	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion that the Mortgage Loan Seller was not
    the sole owner of any JPMCB Mortgage Loan, or that the JPMCB Mortgage Loan was not free and clear of any pledge, lien, encumbrance
    or security interest. If such a notation or other indication is not found, it will be a Test pass.	MS
    Servicer Notices
	7j	Review
    the MS Servicer Notices for a notation or other indication of claim or assertion that the assignment did not validly and effectively
    transfer and convey all legal and beneficial ownership of any JPMCB Mortgage Loans to the Depositor free and clear of any
    pledge, lien, encumbrance or security interest.  If such a notation or other indication is not found, it will be
    a Test pass.	MS
    Servicer Notices
	8.     Permitted
                                         Liens; Title Insurance.  Each Mortgaged Property securing a JPMCB 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 JPMCB Mortgage Loan (or with respect to a JPMCB 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
	8a	Review
    the Title Policy to determine if it is an American Land Title Association loan title insurance policy or another comparable
    form of loan title insurance policy approved for use in the applicable jurisdiction.  Review to determine if the
    amount of the policy covers the amount of the JPMCB Mortgage Loan, or for multiple properties, an amount equal to the allocated
    loan amount after all advances of principal. If so determined with respect to each part of this Test, it will be a Test pass.	Title
    Policy; Mortgage Loan Documents
	8b	Review
    the Title Policy to determine if the first-priority lien of the Mortgage is subject only to Permitted Encumbrances. If so
    determined, it will be a Test pass.	Title
    Policy

 

    Exhibit QQ-A-8

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	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 not yet due and
                                         payable; (b) covenants, conditions and restrictions, rights of way, easements and other
                                         matters of public record specifically identified in the Title Policy; (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
                                         which the Mortgage Loan documents do not require to be subordinated to the lien of such
                                         Mortgage; and (f) if the related JPMCB Mortgage Loan constitutes a cross-collateralized
                                         JPMCB Mortgage Loan, the lien of the Mortgage for another JPMCB Mortgage Loan contained
                                         in the same cross-collateralized group, provided that none of which items (a)
                                         through (f), individually or in the aggregate, materially interferes with the value,
                                         current use or operation of the Mortgaged Property or the security intended to be provided
                                         by such Mortgage or with the current ability of the related Mortgaged Property to generate
                                         net cash flow sufficient to service the related JPMCB Mortgage Loan or the Mortgagor’s
                                         ability to pay its obligations when they become due (collectively, the “Permitted
                                         Encumbrances”).  Except as contemplated by clause (f) 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 Mortgage Loan Seller thereunder and no claims have been paid thereunder.  Neither
                                         the Mortgage Loan Seller, nor to the Mortgage Loan Seller’s knowledge, any other
                                         holder of the JPMCB Mortgage Loan, has done, by act or omission, anything that would
                                         materially impair the coverage under such Title Policy.  Each Title Policy
                                         contains no exclusion for, or affirmatively insures (except for any Mortgaged Property
                                         located in a jurisdiction where such affirmative insurance is not available in which
                                         case such exclusion may exist), (a) that the Mortgaged Property shown on the survey is
                                         the same as the property legally described in the Mortgage, and (b) to the extent that
                                         the Mortgaged Property consists of two or more adjoining parcels, such parcels are contiguous.
	8c	Review
    the Title Policy to determine if any Permitted Encumbrance is a mortgage lien that is senior to or coordinate and co-equal
    to the lien of the related Mortgage, other than as contemplated by item (f) in the definition of Permitted Encumbrances.  If
    not so determined, it will be a Test pass.	Title
    Policy
	8d	Review
    the Title Policy and MS Servicer Notices for a notation or other indication that the coverage is not in full force and effect,
    that all premiums thereon have not been paid or that claims have been made by any Mortgage Loan Seller.  If no such
    notation or other indication is found, it will be a Test pass.	Title
    Policy; MS Servicer Notices
	8e	Review
    the MS Servicer Notices for a notation or other indication that the Mortgage Loan Seller, or any other holder of the JPMCB
    Mortgage Loan, has done, by act or omission, anything that would materially impair the coverage under such policy.  If
    such a notation or other indication is not found, it will be a Test pass.	MS
    Servicer Notices
	8f	Review
    the Title Policy to determine if the Title Policy contains no exclusion for, or affirmatively insures (except for any Mortgaged
    Property located in a jurisdiction where such affirmative insurance is not available in which case such exclusion may exist),
    that the Mortgaged Property shown on the survey is the same as the property legally described in the Mortgage.  If
    so determined, it will be a Test pass.	Title
    Policy
	8g	Review
    the Title Policy to determine if the Title Policy contains no exclusion for, or affirmatively insures (except for any Mortgaged
    Property located in a jurisdiction where such affirmative insurance is not available in which case such exclusion may exist),
    to the extent that the Mortgaged Property consists of two or more adjoining parcels, such parcels are contiguous.  If
    so determined, it will be a Test pass.	Title
    Policy

 

    Exhibit QQ-A-9

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	9.     Junior
    Liens.  It being understood that B notes secured by the same Mortgage as a JPMCB Mortgage Loan are not subordinate
    mortgages or junior liens, there are no subordinate mortgages or junior liens encumbering the related Mortgaged Property.  The
    Mortgage Loan Seller has no knowledge of any mezzanine debt related to the Mortgaged Property and secured directly by the
    ownership interests in the Mortgagor.
	9a	Review
    the Title Policy to determine if there is any subordinate mortgage or junior lien encumbering the Mortgaged Property.  If
    not so determined, it will be a Test pass.	Title
    Policy
	9b	Review
    the MS Servicer Notices for a notation or other indication that the Mortgage Loan Seller had knowledge of any mezzanine debt
    related to the Mortgaged Property and secured directly by the ownership interests in the Borrower. If such a notation or other
    indication is not found, it will be a Test pass.	MS
    Servicer Notices
	10.   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).  Each related 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 Insolvency Qualifications; no person other than the
    related Mortgagor owns any interest in any payments due under such lease or leases that is superior to or of equal priority
    with the lender’s interest therein.  The related Mortgage or related Assignment of Leases, subject to applicable
    law, provides for, upon an event of default under the JPMCB Mortgage Loan, a receiver 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.
	10a	Review
    the Mortgage File to determine if an Assignment of Leases (either as a separate instrument or incorporated into the related
    Mortgage) is in the Mortgage File.  If so determined, it will be a Test pass.	Mortgage
    File; Mortgage; Assignment of Leases
	10b	Review
    the Title Policy to determine if the Mortgage, or any related Assignment of Leases, has been recorded, and 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 Borrower 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 Insolvency Qualifications; and to determine that no person
    other than the related Borrower owns any interest in any payments due under such lease or leases that is superior to or of
    equal priority with the lender’s interest therein.  If so determined with respect to each part of this Test,
    it will be a Test pass.	Title
    Policy
	10c	Review
    the Title Policy to determine if any person other than the Borrower owns any interest in any payments due under such lease
    or leases that is superior to or of equal priority with the lender’s interest therein.  If not so determined,
    it will be a Test pass.	Title
    Policy
	10d	Review
    the Assignment of Leases (either as a separate instrument or incorporated into the related Mortgage) to	Mortgage;
    Assignment of Leases

 

    Exhibit QQ-A-10

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	 	 	determine
    if the Mortgage, or related Assignment of Leases, provides that upon an event of default under the JPMCB Mortgage Loan, a
    receiver is 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.  If so determined, it will be a Test pass.	 
	11.   Financing Statements.  Each JPMCB Mortgage Loan or related security agreement establishes a valid security
    interest in, and a UCC-1 financing statement has been filed (except, in the case of fixtures, the Mortgage constitutes a fixture
    filing) in all places necessary to perfect a valid security interest in, the personal property (the creation and perfection
    of which is governed by the UCC) owned by the Mortgagor and necessary to operate any Mortgaged Property in its current use
    other than (1) non-material personal property, (2) personal property subject to purchase money security interests and (3)
    personal property that is leased equipment.  Each UCC-1 financing statement, if any, filed with respect to personal
    property constituting a part of the related Mortgaged Property and each UCC-3 assignment, if any, filed with respect to such
    financing statement was in suitable form for filing in the filing office in which such financing statement was filed.
	11a	Review
    the MS Servicer Notices for a notation or other indication of inappropriately filed or nonexistent UCC-1 financing statements.  If
    such a notation or other indication is not found, it will be a Test pass.	MS
    Servicer Notices
	11b	Review
    the MS Servicer Notices for notation or other indication that the UCC-1 and UCC-3 statements were not in suitable form for
    filing.  If such a notation or other indication is not found, it will be a Test pass.	MS
    Servicer Notices
	12.   Condition of Property.  The Mortgage Loan Seller or the originator of the JPMCB Mortgage Loan inspected or
    caused to be inspected each related Mortgaged Property within four months of origination of the JPMCB Mortgage Loan and within
    twelve months of the Cut-off Date.

                                                                                                                                                                                       

                                                                                                                                                                                      An engineering report or property condition assessment was prepared in connection with
    the origination of each JPMCB Mortgage Loan no more than twelve months prior to the Cut-off Date, which indicates that, except
    as set forth in such engineering report or with respect to which repairs were required to be reserved for or made, all building
    systems for the improvements of each related Mortgaged Property are in good working order, and further indicates that each
    related Mortgaged Property (a) is free of any material damage, (b) is in good repair and condition, and (c) is free of structural
    defects, except to the extent (i) any damage or deficiencies that would not materially and adversely affect the use, operation
    or value of the Mortgaged
	12a	Review
    the engineering report or property condition assessment in the Mortgage File to determine if it is dated within four months
    of the origination date, and within twelve months of the Cut-off Date.  If so determined, it will be a Test pass.	Engineering
    report; Property condition assessment
	12b	Review
    the engineering report or property condition assessment in the Mortgage File to determine if it was dated no more than 12
    months prior to the Cut-off Date.  Review the engineering report to confirm that all building systems for the improvements
    of each Mortgaged Property being in good working order, and free of material damage.  If so determined with respect
    to each part of the Test, it will be a Test pass.	Engineering
    report; Property condition assessment
	12c	Review
    the engineering report or property condition assessment in the Mortgage File dated no more than 12 months prior to the Cut-off
    Date to determine if it	Engineering
    report; Property condition assessment

 

    Exhibit QQ-A-11

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	Property
    or the security intended to be provided by such Mortgage or repairs with respect to such damage or deficiencies estimated
    to cost less than $50,000 in the aggregate per Mortgaged Property; (ii) such repairs have been completed; or (iii) escrows
    in an aggregate amount consistent with the standards utilized by the Mortgage Loan Seller with respect to similar loans it
    originates for securitization have been established, which escrows will in all events be in an aggregate amount not less than
    the estimated cost of such repairs.  The Mortgage Loan Seller has no knowledge of any material issues with the physical
    condition of the Mortgaged Property that the Mortgage Loan Seller believes would have a material adverse effect on the use,
    operation or value of the Mortgaged Property other than those disclosed in the engineering report and those addressed in sub-clauses (i), (ii) and (iii) of the preceding sentence.
	 	provides
    that each related Mortgaged Property is free of structural defects, except to the extent:  (i) any damage or deficiencies
    that would not materially and adversely affect the use, operation or value of the Mortgaged Property or the security intended
    to be provided by such Mortgage or repairs with respect to such damage or deficiencies estimated to cost less than $50,000
    in the aggregate per Mortgaged Property; (ii) such repairs have been completed; or (iii) escrows in an aggregate amount consistent
    with the standards utilized by the Mortgage Loan Seller with respect to similar loans it originates for securitization have
    been established, which escrows will in all events be in an aggregate amount not less than the estimated cost of such repairs.  If
    so determined, it will be a Test pass.	 
	12d	Review
    the MS Servicer Notices for a notation or other indication that the Mortgage Loan Seller had knowledge of material issues
    with the physical condition of the Mortgaged Property that the Mortgage Loan Seller believed would have a material adverse
    effect on the use, operation or value of the Mortgaged Property other than those disclosed in the most recently dated engineering
    report and those addressed in sub-clauses (i), (ii) and (iii) of representation and warranty 12.  If such a notation
    or other indication is not found, it will be a Test pass.	MS
    Servicer Notices
	13.   Taxes and Assessments.  As of the date of origination and as of the Closing Date, all taxes and governmental
    assessments and other outstanding governmental charges (including, without limitation, water and sewage charges) due with
    respect to the Mortgaged Property (excluding any related personal property) securing a JPMCB Mortgage Loan that is or if left
    unpaid could become a lien on the related Mortgaged Property that would be of equal or superior priority to the lien of the
    Mortgage and that became due and delinquent and owing prior to the Cut-off Date with respect to each related Mortgaged Property
    have been paid, or, if the appropriate amount of such taxes or charges is being appealed or is otherwise in dispute, the unpaid
    taxes or charges are covered by an escrow of funds or other security sufficient to pay such tax or charge and reasonably estimated
    interest and penalties, if any, thereon.  For
	13a	Review
    the MS Servicer Notices for a notation or other indication that all taxes and governmental assessments and other outstanding
    governmental charges due with respect to the Mortgaged Property securing a JPMCB Mortgage Loan (including, without limitation,
    water and sewage charges) due with respect to the Mortgaged Property (excluding any related personal property) as of the Closing
    Date have been paid, and if the appropriate amount of such taxes or charges is being appealed or is otherwise in dispute,
    the unpaid taxes or charges were not covered by an escrow of funds or other security sufficient to pay such tax or charge
    and reasonably estimated interest and penalties, if any, thereon.  If such a notation or other indication is not
    found, it will be a Test pass.	MS
    Servicer Notices

 

    Exhibit QQ-A-12

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	purposes
    of this representation and warranty, real property taxes, governmental assessments and other outstanding governmental charges
    shall not be considered delinquent until the date on which interest and/or penalties would be payable thereon.
	13b	Review
    the MS Servicer Notices for a notation or other indication that all taxes and governmental assessments and other outstanding
    governmental charges (including, without limitation, water and sewage charges) due with respect to the Mortgaged Property
    (excluding any related personal property) were current as of the Closing Date.  If such a notation or other indication
    is found, it will be a Test pass.	MS
    Servicer Notices
	14.  
    Condemnation.  As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the
    Closing Date, there is no proceeding pending or threatened for the total or partial condemnation of such Mortgaged Property
    that would have a material adverse effect on the use or operation of the Mortgaged Property.
	14	Review
    the MS Servicer Notices for a notation or other indication of any proceeding pending or threatened for the total or partial
    condemnation of such Mortgaged Property as of the origination date, or for a notation or other indication that the Mortgage
    Loan Seller had knowledge as of the Closing Date of any such proceeding.  If such a notation or other indication
    is not found, it will be a Test pass.	MS
    Servicer Notices
	15.  
    Actions Concerning Mortgage Loan.  As of the date of origination and to the Mortgage Loan Seller’s
    knowledge as of the Closing Date, there was no pending, filed or threatened action, suit or proceeding, arbitration or governmental
    investigation involving any Mortgagor, guarantor, or Mortgaged Property, an adverse outcome of which would reasonably be expected
    to materially and adversely affect (a) title to the Mortgaged Property, (b) the validity or enforceability of the Mortgage,
    (c) such Mortgagor’s ability to perform under the related JPMCB Mortgage Loan, (d) such guarantor’s ability to
    perform under the related guaranty, (e) the use, operation or value of the Mortgaged Property, (f) the principal benefit of
    the security intended to be provided by the Mortgage Loan documents, (g) the current ability of the Mortgaged Property to
    generate net cash flow sufficient to service such JPMCB Mortgage Loan, or (h) the current principal use of the Mortgaged Property.
	15a	Review
    the Mortgage Loan Documents, the Borrower’s Counsel Opinion and the MS Servicer Notices for an indication of pending,
    filed or threatened action, suit or proceeding, arbitration or governmental investigation involving any Borrower, guarantor,
    or Mortgaged Property that existed on the origination date, and review the Diligence File and the MS Servicer Notices to determine
    if the Mortgage Loan Seller’s had knowledge of same as of the Closing Date.  If such an indication is not
    found with respect to each part of this Test, it will be a Test pass.	Mortgage
    Loan Documents; Borrower’s Counsel Opinion; MS Servicer Notices; Diligence File
	15b	Based
    on the MS Servicer Notices, determine if an adverse outcome of any such  pending, filed or threatened action, suit
    or proceeding, arbitration or governmental investigation involving any Borrower, guarantor, or Mortgaged Property would adversely
    affect the matters set forth in clauses (a)-(h) of representation and warranty 15.  If any such adverse outcome
    would not adversely affect the matters set forth in clauses (a)-(h) of representation and warranty 15, it will be a Test pass.	MS
    Servicer Notices
	16.  
    Escrow Deposits.  All escrow deposits and payments required pursuant to each JPMCB Mortgage Loan (including
    capital improvements and environmental remediation reserves) are in the
	16a	Review
    the MS Servicer Notices for a notation or other indication of any escrow deposits and payments required pursuant to the JPMCB
    Mortgage Loan not in the servicer’s	MS
    Servicer Notices

 

    Exhibit QQ-A-13

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	possession,
    or under the control, of the Mortgage Loan 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
    under the related Mortgage Loan documents are being conveyed by the Mortgage Loan Seller to depositor or its servicer (or,
    with respect to any Non-Serviced JPMCB Mortgage Loan, to the related Non-Serviced Depositor or Non-Serviced Master Servicer)
    and identified as such with appropriate detail.  Any and all requirements under the JPMCB Mortgage Loan as to completion
    of any material improvements and as to disbursements of any funds escrowed for such purpose, which requirements were to have
    been complied with on or before Closing Date, have been complied with in all material respects or the funds so escrowed have
    not been released unless such release was consistent with proper and prudent commercial mortgage servicing practices or such
    released funds were otherwise used for their intended purpose. No other escrow amounts have been released except in accordance
    with the terms and conditions of the related Mortgage Loan documents.
	 	possession
    or control.  If such a notation or other indication is not found, it will be a Test pass.	 
	16b	Review
    the Servicing File and the MS Servicer Notices to determine if all escrows and deposits required pursuant to the JPMCB Mortgage
    Loan have been conveyed to the depositor or its servicer (or, with respect to any Non-Serviced JPMCB Mortgage Loan, to the
    related Non-Serviced Depositor or Non-Serviced Master Servicer).  If so determined, it will be a Test pass.	Servicing
    File; MS Servicer Notices
	16c	Review
    the Servicing File and the MS Servicer Notices for a notation or other indication that the requirements under the JPMCB Mortgage
    Loan as to completion of any material improvements and as to disbursements of any funds escrowed for such purpose on or before
    the Closing Date have not been complied with in all material respects.  If such a notation or other indication is
    not found, it will be a Test pass.	Servicing
    File; MS Servicer Notices
	16d	Review
    the Servicing File and the MS Servicer Notices to determine if an escrow release has been made that was not in accordance
    with the terms of the Mortgage Loan Documents. If not so determined, it will be a Test pass.	Servicing
    File; MS Servicer Notices
	17.  
    No Holdbacks.  The principal amount of the JPMCB 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 JPMCB 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, occupancy, performance or other matters with
    respect to the related Mortgaged Property).
	17a	Review
    the Mortgage Loan Schedule, Loan Agreement, Mortgage Note and origination settlement statement to determine if the principal
    amount of the JPMCB Mortgage Loan was fully disbursed as of the Closing Date.  If so determined, it will be a Test
    pass.	Mortgage
    Loan Schedule; Loan Agreement; Mortgage Note; Origination settlement statement
	17b	Review
    the Mortgage Loan Documents to determine if there is no requirement for future advances by the lender.  If so determined,
    it will be a Test pass.	Mortgage
    Loan Documents

 

    Exhibit QQ-A-14

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	18.  
                                         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 Mortgage Loan documents and having a
                                         claims-paying or financial strength rating of at least “A-:VIII” (for a JPMCB
                                         Mortgage Loan with a principal balance below $35 million) and “A:VIII” (for
                                         a JPMCB Mortgage Loan with a principal balance of $35 million or more) from A.M. Best
                                         Company or “A3” (or the equivalent) from Moody’s Investors Service,
                                         Inc. or “A-” from S&P Global Ratings (collectively the “Insurance
                                         Rating Requirements”), in an amount not less than the lesser of (1) the original
                                         principal balance of the JPMCB 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 Mortgage Loan documents,
                                         by business interruption or rental loss insurance which (i) covers a period beginning
                                         on the date of loss and continuing until the earlier to occur of restoration of the Mortgaged
                                         Property or the expiration of 12 months (or with respect to each JPMCB Mortgage Loan
                                         with a principal balance of $35 million or more, 18 months); (ii) for a JPMCB Mortgage
                                         Loan with a principal balance of $50 million or more contains a 180-day “extended
                                         period of indemnity”; and (iii) covers the actual loss sustained (or in certain
                                         cases, an amount sufficient to cover the period set forth in (i) above) during restoration.

                                                                                                                                                                                                   

                                                                                                                                                                                                  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 having special flood hazards, the related Mortgagor is required to maintain
                                         insurance in the maximum amount available under the
	18a	Review
    the insurance consultant report to determine if it shows that the Mortgaged Property is 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 Mortgage Loan Documents
    and the Insurance Rating Requirements, in an amount not less than the lesser of (1) the original principal balance of any
    JPMCB 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 Mortgaged Property.  If so determined, it will be a Test pass.	Insurance
    Consultant Report
	18b	Review
    the Mortgage Loan Documents for provisions requiring the insurance coverage as stated in Test 18a above. If such provisions
    are found, it will be a Test pass.	Mortgage
    Loan Documents
	18c	Review
    the Mortgage Loan Documents for provisions requiring business interruption or rental loss insurance that (i) covers a period
    beginning on the date of loss and continuing until the earlier to occur of restoration of the Mortgaged Property or the expiration
    of 12 months (or with respect to a JPMCB Mortgage Loan with a principal balance of $35 million or more, 18 months); (ii) for
    a JPMCB Mortgage Loan with a principal balance of $50 million or more contains a 180-day “extended period of indemnity”;
    and (iii) covers the actual loss sustained (or in certain cases, an amount sufficient to cover the period set forth in clause
    (i) above) during restoration.  If such provisions are found, it will be a Test pass.	Mortgage
    Loan Documents
	18d	Review
    the Mortgage Loan Documents to determine 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	Mortgage
    Loan Documents

 

    Exhibit QQ-A-15

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	National
    Flood Insurance Program, plus such additional excess flood coverage in an amount as-is generally required by the Mortgage
    Loan Seller originating mortgage loans for securitization.

                                                                                                                                                                                                  If windstorm and/or windstorm related perils and/or “named
    storms” are excluded from the primary property damage insurance policy, the Mortgaged Property is insured by a separate
    windstorm insurance policy issued by an insurer meeting the Insurance Rating Requirements or endorsement covering damage from
    windstorm and/or windstorm related perils and/or named storms, in an amount at least equal to 100% of the full insurable value
    on a replacement cost basis of the Improvements and personalty and fixtures owned by the Mortgagor and included in the related
    Mortgaged Property by an insurer meeting the Insurance Rating Requirements.

                                                                                                                                                                                                  The Mortgaged Property is covered, and required
    to be covered pursuant to the related Mortgage Loan documents, by a commercial general liability insurance policy issued by
    an insurer meeting the Insurance Rating Requirements including broad-form coverage for property damage, contractual damage
    and personal injury (including bodily injury and death) in amounts as are generally required by the Mortgage Loan Seller for
    loans originated for securitization, 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 probable maximum loss (“PML”) for the Mortgaged Property in the event of an earthquake.  In
    such instance, the PML or equivalent 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 PML or equivalent would exceed 20% of the amount of the
    replacement costs of the improvements, earthquake insurance on such Mortgaged Property was obtained by an insurer rated at
    least “A:VIII” by A.M. Best Company or “A3” (or the equivalent) from Moody’s Investors Service,
    Inc. or “A-” by S&P Global Ratings in an amount not less than 100% of the PML or the equivalent.

                                                                                                                                                                                                  The Mortgage
    Loan documents require insurance proceeds in respect
	 	Agency
    as having special flood hazards, the related Borrower is required to maintain insurance in the maximum amount available under
    the National Flood Insurance Program, plus such additional excess flood coverage in an amount as is generally required by
    the Mortgage Loan Seller originating Mortgage Loans for securitization.  If so determined, it will be a Test pass.	 
	18e	Review
    the insurance consultant report to determine if windstorm and/or windstorm related perils and/or “named storms”
    are excluded from coverage.  If so, review Diligence File to determine if the property is covered by a windstorm
    insurance policy covering damage from windstorm and/or windstorm related perils and/or “named storms” are excluded
    from the primary property damage insurance policy, which policy is issued by an insurer meeting the Insurance Rating Requirements
    or endorsement covering damage from windstorm and/or windstorm related perils and/or named storms, in an amount at least equal
    to 100% of the full insurable value on a replacement cost basis of the Improvements and personalty and fixtures owned by the
    mortgagor and included in the related Mortgaged Property by an insurer meeting the Insurance Rating Requirements.  If
    so determined with respect to each part of this Test, it will be a Test pass.	Insurance
    Consultant Report; Diligence File
	18f	Review
    the insurance consultant report dated before the Cut-off Date to determine if it covers the property and is issued by an
    insurer meeting the Insurance Rating Requirements including broad-form coverage for property damage, contractual damage and
    personal injury (including bodily injury and death) in amounts as are generally required by any Mortgage Loan Seller for loans
    originated for securitization, and in any event not less than $1 million per occurrence and $2 million in the aggregate.  If
    so determined, it will be a Test pass.	Insurance
    Consultant Report
	18g	Review
    the property condition assessment to determine if the properties are located in a seismic zone 3 or 4.  If such
    indication is found, review the seismic engineering study to determine if it has been performed by an architectural or	Property
    condition assessment; Seismic engineering study

 

    Exhibit QQ-A-16

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	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 JPMCB Mortgage Loan, the lender (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 JPMCB 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 lender under the JPMCB 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.  Each related JPMCB Mortgage Loan obligates the related Mortgagor to maintain all such insurance and, at such Mortgagor’s failure to do so, authorizes the lender to maintain such insurance at the Mortgagor’s 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 lender of termination or cancellation arising because of nonpayment of a premium and at least 30 days’ prior notice to the lender 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 Mortgage Loan Seller.
	 	engineering
    consultant, for the sole purpose of assessing the PML for the Mortgaged Property in the event of an earthquake, based on a
    475-year return period, an exposure period of 50 years and a 10% probability of exceedance.  If so determined, it
    will be a Test pass.	 
	18h	Review
    the most recent seismic engineering study or Insurance Consultant Report to determine if the PML or equivalent would exceed
    20% of the amount of the replacement costs of the improvements, and if so, review to determine if earthquake insurance on
    such Mortgaged Property was obtained.  If so determined, determine if the insurer is rated at least “A:VIII”
    by A.M. Best Company or “A3” (or the equivalent) from Moody’s Investors Service, Inc. or “A-”
    by S&P Global Ratings.  The insurance amount should be not less than 100% of the PML or the equivalent. If so
    determined, the ratings are adequate, and the insurance amount is not less than 100% of the PML or the equivalent, it will
    be a Test pass.	Seismic
    engineering study; Insurance Consultant Report
	18i	Review
    the Mortgage Loan Documents for provisions requiring that insurance proceeds in respect of a property loss 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 JPMCB Mortgage Loan, the lender (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 JPMCB Mortgage Loan together with any accrued interest thereon.  If such provisions
    are found, it will be a Test pass.	Mortgage
    Loan Documents
	18j	Review
    the MS Servicer Notices for a notation or other indication that insurance premiums were not current as of the Cut-off Date.  If
    no such a notation or other indication is found, it will be a Test pass.	MS
    Servicer Notices
	18k	Review
    the insurance consultant report to determine if the insurance policies name the lender under any JPMCB Mortgage Loan and its
    successors and assigns as a loss payee	Insurance
    Consultant Report

 

    Exhibit QQ-A-17

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	 	 	under
    a mortgagee endorsement clause or, in the case of the general liability insurance policy, as named or additional insured.  If
    so determined, it will be a Test pass.	 
	18l	Review
    the insurance consultant report to determine if the insurance will inure to the benefit of the trustee.  If so determined,
    it will be a Test pass.	Insurance
    Consultant Report
	18m	Review
    the Mortgage Loan Documents to determine if any JPMCB Mortgage Loan obligates the Borrower to maintain or caused to be maintained
    all such insurance and, at such Borrower’s failure to do so, authorizes the lender to maintain such insurance at the
    Borrower’s cost and expense and to charge such Borrower for related premiums.  If so determined, it will be
    a Test pass.	Mortgage
    Loan Documents
	18n	Review
    the insurance consultant report to determine if the insurance policies (other than commercial liability policies) require
    at least 10 days’ prior notice to the lender of termination or cancellation arising because of nonpayment of a premium
    and at least 30 days’ prior notice to the lender 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.  If so
    determined, it will be a Test pass.	Insurance
    Consultant Report
	18o	Review
    the MS Servicer Notices for a notation or other indication that any notice described in Test 18n may have been received by
    the Mortgage Loan Seller.  If such a notation or other indication is not found, it will be a Test pass.	MS
    Servicer Notices
	19.  
    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
	19a	Review
    the zoning report to determine if each Mortgaged Property 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.  If so determined, it will be a Test pass.	Zoning
    report
	19b	Review
    the zoning report to determine if each Mortgaged Property is served by or has uninhibited access rights to	Zoning
    report

 

    Exhibit QQ-A-18

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	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 made to the applicable governing authority for creation
    of separate tax lots, in which case the JPMCB 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.
	 	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.  If so determined, it will be a Test pass.	 
	19c	Review
    the Title Policy to determine if each Mortgaged Property constitutes one or more separate tax parcels and do not include any
    property which is not part of the Mortgaged Property or is subject to an endorsement under the most recently dated Title Policy
    insuring the Mortgaged Property, or in certain cases, an application has been made to the applicable governing authority for
    creation of separate tax lots, in which case any JPMCB Mortgage Loan requires the Borrower 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.  If
    so determined, it will be a Test pass.	Title
    Policy
	20.  
    No Encroachments.  To the Mortgage Loan Seller’s knowledge and based solely on surveys obtained in
    connection with origination and the lender’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 JPMCB Mortgage Loan, (a) 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 JPMCB 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 are insured by applicable provisions of the Title Policy, (b) no improvements on
    adjoining parcels encroach onto the related Mortgaged Property except for encroachments that do not materially and adversely
    affect the value or current use of such Mortgaged Property, or are insured by applicable provisions of the Title Policy and
    (c) 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 are insured by applicable provisions of the Title Policy.
	20a	Review
    the survey and Title Policy to determine if all material improvements that were included for the purpose of determining the
    appraised value of the Mortgaged Property at the time of the origination of such JPMCB 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 are insured by applicable provisions of the most recently dated Title Policy.  If
    so determined, it will be a Test pass.	Survey;
    Title Policy
	20b	Review
    the survey and Title Policy to determine if there exist improvements on adjoining parcels that encroach onto the Mortgaged
    Property that could materially and adversely affect the value or current use of such Mortgaged Property, which are not insured
    by applicable provisions of the most recently dated Title Policy.  If not so determined, it will be a Test pass.	Survey;
    Title Policy
	20c	Review
    the survey or Title Policy to determine if there exist improvements that encroach upon any easements and the removal of such
    encroachments could materially and adversely affect the value or current use of such Mortgaged Property and are not insured
    by applicable provisions of the	Survey;
    Title Policy

 

    Exhibit QQ-A-19

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	 	 	most
    recently dated Title Policy.  If not so determined, it will be a Test pass.	 
	21.  
    No Contingent Interest or Equity Participation.  No JPMCB Mortgage Loan has a shared appreciation feature,
    any other contingent interest feature or a negative amortization feature (except that an ARD Loan may provide for the accrual
    of the portion of interest in excess of the rate in effect prior to the Anticipated Repayment Date) or an equity participation
    by the Mortgage Loan Seller.
	21	Review
    the Mortgage Loan Documents for any shared appreciation feature, any other contingent interest feature or a negative amortization
    feature (except that an ARD Loan may provide for the accrual of the portion of interest in excess of the rate in effect prior
    to the Anticipated Repayment Date) or an equity participation provision.  If no such provision or feature found
    with respect to each part of this Test, it will be a Test pass.	Mortgage
    Loan Documents
	22.  
    REMIC.  The JPMCB 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 JPMCB Mortgage Loan to the
    related Mortgagor at origination did not exceed the non-contingent principal amount of the JPMCB Mortgage Loan and (B) either:
    (a) such JPMCB Mortgage Loan or Whole 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 JPMCB Mortgage Loan or
    Whole Loan was originated at least equal to 80% of the adjusted issue price of the JPMCB Mortgage Loan or Whole Loan on such
    date or (ii) at the Closing Date at least equal to 80% of the adjusted issue price of the JPMCB Mortgage Loan or Whole Loan
    on such date, provided that for purposes hereof, the fair market value of the real property interest must first be
    reduced by (1) the amount of any lien on the real property interest that is senior to the JPMCB Mortgage Loan and (2) a proportionate
    amount of any lien that is in parity with the JPMCB Mortgage Loan; or (b) substantially all of the proceeds of such JPMCB
    Mortgage Loan were used to acquire, improve or protect the real property which served as the only security for such JPMCB
    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 JPMCB Mortgage Loan or Whole Loan was “significantly modified”
    prior to the Closing Date so as to result in a taxable exchange under
	22a	Review
    the origination settlement statement and Mortgage Note to determine if the proceeds advanced by the lender did not exceed
    the stated principal amount of the Mortgage Note. If so determined, it will be a Test pass.	Origination
    settlement statement; Mortgage Note
	22b	Review
    the most recent appraisal and Mortgage Loan Documents to determine if (a) the JPMCB Mortgage Loan or Whole 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 such JPMCB Mortgage Loan or Whole Loan was originated at least equal to 80% of the initial
    principal amount of any JPMCB Mortgage Loan or Whole Loan on such date or (ii) at the Closing Date at least equal to 80% of
    the outstanding principal amount of the JPMCB Mortgage Loan or Whole Loan on such date, provided that for purposes of clauses
    (i) and (ii) above, 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 such JPMCB Mortgage Loan and (B) a proportionate amount of any lien that is
    in parity with such JPMCB Mortgage Loan or (b) substantially all of the proceeds of such JPMCB Mortgage Loan were used to
    acquire, improve or protect the real property which served as the only security for such JPMCB 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
    so determined, it will be a Test pass.	Appraisal;
    Mortgage Loan Documents

 

    Exhibit QQ-A-20

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	Section
    1001 of the Code, it either (x) was modified as a result of the default or reasonably foreseeable default of such JPMCB Mortgage
    Loan or Whole 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 JPMCB Mortgage Loan or Whole Loan was originated) or sub-clause (B)(a)(ii), including the
    proviso thereto. Any prepayment premium and yield maintenance charges applicable to the JPMCB Mortgage Loan or Whole Loan
    constitute “customary prepayment penalties” within the meaning of Treasury Regulations Section 1.860G-(b)(2).  All
    terms used in this paragraph shall have the same meanings as set forth in the related Treasury Regulations.
	22c	Review
    the MS Servicer Notices for an indication or other notation that the Loan was modified prior to the Closing Date, and if so,
    if the modification was made 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 JPMCB Mortgage Loan or (y) satisfies the provisions of
    either sub-clause (B)(i) in the first sentence of representation and warranty 22 (substituting the date of the last such modification
    for the date any JPMCB Mortgage Loan was originated) or sub-clause (B)(ii) in the first sentence of representation and warranty
    22, including the proviso thereto.  If there were any such modifications, and such a notation or other indication
    is found, it will be a Test pass.	MS
    Servicer Notices
	22d	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion to the effect that the prepayment premium
    and yield maintenance charges applicable to any JPMCB Mortgage Loan do not constitute “customary prepayment penalties”.  If
    such a notation or other indication is not found, it will be a Test pass.	MS
    Servicer Notices
	23.  
    Compliance.  The terms of the Mortgage Loan documents evidencing such JPMCB Mortgage Loan, comply in all
    material respects with all applicable local, state and federal laws and regulations, and the Mortgage Loan Seller has complied
    with all material requirements pertaining to the origination of the JPMCB Mortgage Loans, including but not limited to, usury
    and any and all other material requirements of any federal, state or local law to the extent non-compliance would have a
    material adverse effect on the JPMCB Mortgage Loan.
	23a	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion to the effect that the terms of the JPMCB
    Mortgage Loan do not comply with applicable local, state, and federal laws in any material respect.  If such a notation
    or other indication is not found, it will be a Test pass.	MS
    Servicer Notices
	23b	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion to the effect that any material requirements
    pertaining to the origination of any JPMCB Mortgage Loan, including but not limited to, usury and any and all other material
    requirements of any federal, state or local law have not been complied with.  If such a notation or other indication
    is not found, it will be a Test pass.	MS
    Servicer Notices
	23c	Review
    the Loan Agreement to determine if it provides that the JPMCB Mortgage Loan complied with usury laws.  If so	Loan
    Agreement

 

    Exhibit QQ-A-21

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	 	 	determined,
    it will be a Test pass.	 
	24.  
    Authorized to do Business.  To the extent required under applicable law, as of the Closing Date or as of
    the date that such entity held the Mortgage Note, each holder of the Mortgage Note was authorized to transact and do business
    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 JPMCB Mortgage Loan.
	24	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion that as of the date that the Mortgage
    Loan Seller or any prior lender held the Mortgage Note, each such holder of the Mortgage Note was not authorized to transact
    or do business in the jurisdiction in which each Mortgaged Property is located.  If such a notation or other indication
    is found, determine whether the failure to be so authorized could not materially and adversely affect the enforceability of
    such JPMCB Mortgage Loan.  If so determined, it will be a Test pass.	MS
    Servicer Notices
	25.  
    Trustee under Deed of Trust.  With respect to each Mortgage which is a deed of trust, a trustee, duly qualified
    under applicable law to serve as such, currently so serves and is named in the deed of trust or 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, and except in connection with a trustee’s sale after a default by the related Mortgagor or in connection
    with any full or partial release of the related Mortgaged Property or related security for such JPMCB Mortgage Loan, no fees
    are payable to such trustee except for reasonable fees paid by the Mortgagor.
	25a	Review
    the Mortgage Loan Documents to determine if a trustee is appointed.  If so determined, it will be a Test pass.	Mortgage
    Loan Documents
	25b	Review
    the Mortgage Loan Documents for an indication that, except in connection with a trustee’s sale after a default by the
    Borrower or in connection with any full or partial release of the Mortgaged Property or related security for such JPMCB Mortgage
    Loan, no fees are payable to such trustee except for reasonable fees paid by the Mortgagor.  If so determined, it
    will be a Test pass.	Mortgage
    Loan Documents
	26.  
    Local Law Compliance.  To the Mortgage Loan Seller’s knowledge, based solely 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 Mortgage Loan Seller for similar commercial and multifamily mortgage loans intended for securitization, the
    improvements located on or forming part of each Mortgaged Property securing a JPMCB Mortgage Loan are in material compliance
    with applicable laws, zoning ordinances, rules, covenants, and restrictions (collectively “Zoning Regulations”)
    governing the occupancy, use, and operation of such Mortgaged Property or constitute a legal non-conforming use or structure
    and any non-conformity with zoning laws constitutes a legal non-conforming use or structure which does not materially and
    adversely
	26a	Review
    the zoning report to determine if the improvements located on or forming part of each Mortgaged Property securing a JPMCB
    Mortgage Loan are in material compliance with applicable Zoning Regulations governing the occupancy, use, and operation of
    such Mortgaged Property or constitute a legal non-conforming use or structure.  If so determined, it will be a Test
    pass.	Zoning
    report
	26b	Review
    the zoning report to determine if any non-conformity with zoning laws constitutes a legal non-conforming use or structure
    which does not materially and adversely affect the use or operation of such Mortgaged Property.  If so determined,
    it will be a Test pass.	Zoning
    report
	26c	Review
    the Mortgage Loan Documents for provisions to the effect that, in the event of casualty or destruction, the	Mortgage
    Loan Documents

 

    Exhibit QQ-A-22

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	affect
    the use or operation of such Mortgaged Property.  In the event of casualty or destruction, (a) the Mortgaged Property
    may be restored or repaired to the extent necessary to maintain the use of the structure immediately prior to such casualty
    or destruction, (b) law and ordinance insurance coverage has been obtained for the Mortgaged Property in amounts customarily
    required by the Mortgage Loan Seller for loans originated for securitization that provides coverage for additional costs to
    rebuild and/or repair the property to current Zoning Regulations, (c) the inability to restore the Mortgaged Property to the
    full extent of the use or structure immediately prior to the casualty would not materially and adversely affect the use or
    operation of such Mortgaged Property, or (d) title insurance coverage has been obtained for such nonconformity.
	 	Mortgaged
    Property may be restored or repaired to the extent necessary to maintain the use of the structure immediately prior to such
    casualty or destruction.  If such provisions are found, it will be a Test pass.	 
	26d	If
    the zoning report indicates that all or any part of the Mortgaged Property do not comply with zoning laws, review the insurance
    consultant report to determine if law and ordinance coverage was obtained prior to the Closing Date that provides coverage
    for additional costs to rebuild and/or repair the property to current Zoning Regulations.  If not so determined,
    review the Title Policy to determine if it insures over such nonconformity.  If so determined, it will be a Test
    pass.	Zoning
    report; Insurance Consultant Report
	27.  
    Licenses and Permits.  Each Mortgagor covenants in the Mortgage Loan documents that it shall keep all material
    licenses, permits, franchises, certificates of occupancy, consents, and other approvals necessary for the operation of the
    Mortgaged Property in full force and effect, and to the Mortgage Loan 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 Mortgage Loan Seller for similar commercial and multifamily mortgage loans intended for securitization; all
    such material licenses, permits, franchises, certificates of occupancy, consents, and other approvals are in effect or the
    failure to obtain or maintain such material licenses, permits, franchises or certificates of occupancy does not materially
    and adversely affect the use and/or operation of the Mortgaged Property as it was used and operated as of the date of origination
    of the JPMCB Mortgage Loan or the rights of a holder of the related JPMCB Mortgage Loan.  The JPMCB Mortgage Loan
    requires the related Mortgagor to be qualified to do business in the jurisdiction in which the related Mortgaged Property
    is located and for the Mortgagor and the Mortgaged Property to be in compliance in all material respects with all regulations,
    zoning and building laws.
	27a	Review
    the Mortgage Loan Documents to determine if the Borrower has covenanted to keep all material licenses, permits, franchises,
    certificates of occupancy, consents, and other approvals necessary for the operation of the Mortgaged Property in full force
    and effect.  If so determined, it will be a Test pass.	Mortgage
    Loan Documents
	27b	Review
    the Mortgage Loan Documents and the MS Servicer Notices for a notation or other indication that (a) the Mortgage Loan Seller
    had knowledge that any licenses, permits, franchises, certificates of occupancy, consents, or other approvals necessary for
    the operation of the Mortgaged Property are not in effect, and (b) the failure to obtain or maintain such material licenses,
    permits, franchises or certificates of occupancy could materially and adversely affect the use and/or operation of the Mortgaged
    Property as it was used and operated as of the date of origination.  If such a notation or other indication is not
    found, it will be a Test pass.	Mortgage
    Loan Documents; MS Servicer Notices
	27c	Review
    the Mortgage Loan Documents for provisions requiring the Borrower to be qualified to do business in the jurisdiction in which
    the Mortgaged Property is located, and in compliance in all material respects with all regulations, zoning and building laws.  If
    such provisions are found, it will be a Test pass.	Mortgage
    Loan Documents

 

    Exhibit QQ-A-23

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	28.  
    Recourse Obligations.  The Mortgage Loan documents for each JPMCB Mortgage Loan provide that such JPMCB 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 petition for bankruptcy, insolvency, dissolution
    or liquidation pursuant to federal bankruptcy law, or any similar federal or state law, shall be filed by, consented to, or
    acquiesced in by, the Mortgagor; (ii) Mortgagor or guarantor shall have colluded with other creditors to cause an involuntary
    bankruptcy filing with respect to the Mortgagor or (iii) transfers of either the Mortgaged Property or equity interests in
    Mortgagor made in violation of the Mortgage 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 in the case of (i) (A) misapplication, misappropriation or conversion of insurance proceeds or
    condemnation awards or of rents following an event of default, or (B) any security deposits not delivered to lender upon foreclosure
    or action in lieu thereof (except to the extent applied in accordance with leases prior to a Mortgage Loan event of default);
    (ii) the Mortgagor’s fraud or intentional misrepresentation; (iii) willful misconduct by the Mortgagor or guarantor;
    (iv) breaches of the environmental covenants in the Mortgage Loan documents; or (v) commission of material physical waste
    at the Mortgaged Property, which may, with respect to this clause (v), in certain instances, be limited to the extent there
    is sufficient cash flow generated by the related Mortgaged Property to prevent such waste or acts or omissions of the related
    Mortgagor, guarantor, property manager or their affiliates, employees or agents.
	28a	Review
    the Mortgage Loan Documents for provisions permitting full recourse to the Mortgagor and guarantor in connection with the
    events or circumstances set forth in clauses (a)(i) through (a)(iii) of representation and warranty 28.  If such
    provisions are found, it will be a Test pass.	Mortgage
    Loan Documents
	28b	Review
    the Mortgage Loan Documents to determine if there exist provisions permitting recourse against the Mortgagor and guarantor
    in connection with the events or circumstances set forth in clauses (b)(i) through (b)(v) of representation and warranty 28.  If
    so determined, it will be a Test pass.	Mortgage
    Loan Documents
	29.  
    Mortgage Releases.  The terms of the related Mortgage or related Mortgage 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 115% of the
	29a	Review
    the Mortgage Loan Documents to determine if the only conditions under which a property may be released during the life of
    the loan are as set forth in clauses (a) through (e) of the first sentence of representation and warranty 29.  If
    so determined, it will be a Test pass.	Mortgage
    Loan Documents

 

    Exhibit QQ-A-24

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	related
    allocated loan amount of such portion of the Mortgaged Property, (b) upon payment in full of such JPMCB Mortgage Loan, (c)
    upon a Defeasance defined in representation and warranty 34 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 JPMCB 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.  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 JPMCB Mortgage Loan within the meaning of Treasury Regulations Section 1.860G-2(b)(2) and (ii) would not cause the
    subject JPMCB 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 Mortgage 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 any JPMCB Mortgage Loan 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 JPMCB Mortgage Loan and (2) a proportionate amount of any lien on the
    real property that is in parity with, the lien of the JPMCB Mortgage Loan) after the release is not equal to at least 80%
    of the principal balance of the JPMCB Mortgage Loan or JPMCB Whole Loan 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.

                                                                                                                                                                                

                                                                                                                                                                               In the case of any
    JPMCB Mortgage Loan originated after December 6, 2010, in the event of a taking of any portion of a Mortgaged Property by
    a State or any political subdivision or authority thereof, whether by legal proceeding or by agreement, the Mortgagor can
    be required to pay down the principal balance of the JPMCB Mortgage Loan or JPMCB Whole Loan in an amount not less than the
    amount required by the REMIC provisions and, to such
	 	 	 
	29b	Review
    the Mortgage Loan Documents to determine if any partial release described in clauses (a) or (d) of the first sentence of representation
    and warranty 29 (i) for JPMCB Mortgage Loans originated on or before December 6, 2010, is pursuant to a unilateral option
    of the Borrower within the meaning of Treasury Regulations Section 1.1001-3 or (ii) for JPMCB Mortgage Loans originated after
    December 6, 2010, is prohibited if the ratio of the value of the remaining Mortgaged Property to the outstanding principal
    amount of the JPMCB Mortgage Loan or Whole Loan, as applicable, is less than 80% (based solely on the value of the real property
    securing such JPMCB Mortgage Loan) without a “qualified paydown” as such term is defined in Revenue Procedure
    2010-30.  If so determined, it will be a Test pass.	Mortgage
    Loan Documents
	29c	Review
    the Mortgage Loan Documents to determine if there are provisions that provide that, for any JPMCB Mortgage Loan originated
    after December 6, 2010, in the event of a taking of any portion of a Mortgaged Property by a State or any political subdivision
    or authority thereof, whether by legal proceeding or by agreement, the Mortgagor can be required to pay down the principal
    balance of the JPMCB Mortgage Loan or Whole Loan in an amount not less than the amount required by the REMIC Provisions and,
    to such extent, 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 for any lien senior to, and any lien on the real property that is in parity with, the lien of the JPMCB Mortgage
    Loan) is not equal to at least 80% of the remaining principal balance of the Mortgage Loan or Whole	Mortgage
    Loan Documents

 

    Exhibit QQ-A-25

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	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
    for any lien senior to, and any lien on the real property that is in parity with, the lien of the JPMCB Mortgage Loan) is
    not equal to at least 80% of the remaining principal balance of the JPMCB Mortgage Loan or JPMCB Whole Loan.  

                                                                                                                                                                                

                                                                                                                                                                               In
    the case of any JPMCB Mortgage Loan originated after December 6, 2010, no such JPMCB Mortgage Loan that is secured by more
    than one Mortgaged Property or that is cross-collateralized with another JPMCB Mortgage Loan permits the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to a partial condemnation, other
    than in compliance with the loan-to-value ratio and other requirements of the REMIC provisions.
	 	Loan.  If
    so determined, it will be a Test pass.	 
	29d	Review
    the Mortgage Loan Documents to determine if, for any JPMCB Mortgage Loan originated after December 6, 2010 and is secured
    by more than one Mortgaged Property or that is cross-collateralized with another JPMCB Mortgage Loan, the JPMCB Mortgage Loan
    does not permit the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including
    due to a partial condemnation, if the ratio of the value of the remaining Mortgaged Property to the outstanding principal
    amount of the JPMCB Mortgage Loan or Whole Loan, as applicable, is less than 80% (based solely on the value of the real property
    securing such JPMCB Mortgage Loan) without a “qualified paydown” as such term is defined in Revenue Procedure
    2010-30.  If so determined, it will be a Test pass.	Mortgage
    Loan Documents
	30.  
    Financial Reporting and Rent Rolls.  Each Mortgage requires 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 (i) with respect to each JPMCB 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 and (ii) for each JPMCB Mortgage Loan
    with an original principal balance greater than $50 million shall be audited by an independent certified public accountant
    upon the request of the owner or holder of the Mortgage.
	30a	Review
    the Mortgage Loan Documents to determine if they require the Mortgagor to provide the owner or holder of the Mortgage with
    quarterly (other than for single-tenant properties) and annual operating statements.  If so determined, it will
    be a Test pass.	Mortgage
    Loan Documents
	30b	Review
    the Mortgage Loan Documents to determine if they require the Mortgagor to provide the owner or holder of the Mortgage with
    quarterly (other than for single-tenant properties) rent rolls for properties that have leases contributing more than 5% of
    the in-place base rent.  If so determined, it will be a Test pass.	Mortgage
    Loan Documents
	30c	Review
    the Mortgage Loan Documents to determine if there is more than one Mortgagor with respect to the JPMCB Mortgage Loan, and
    if so determined, review to determine if the annual financial statements for each are required to be 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	Mortgage
    Loan Documents

 

    Exhibit QQ-A-26

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	 	 	statement
    of income for the Mortgaged Properties on a combined basis.  If so determined with respect to each part of this
    Test, it will be a Test pass.	 
	30d	Review
    the Mortgage Loan Documents to determine if the original principal balance was greater than $50 million, and if so, review
    the Mortgage Loan Documents to determine if the annual financial statements are required to be audited by an independent certified
    public accountant upon the request of the owner or holder of the Mortgage.  If so determined, it will be a Test
    pass.	Mortgage
    Loan Documents
	31.  
    Acts of Terrorism Exclusion.  With respect to each JPMCB 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 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 JPMCB 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 JPMCB Mortgage Loan, and, to the Mortgage Loan 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 JPMCB Mortgage Loan, the related Mortgage 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, except to the extent that any right to require such coverage may be limited by availability on commercially
    reasonable terms.
	31a	Review
    the Mortgage Loan Documents to determine if the original principal balance was greater than $20 million.  If so
    determined, review the related special-form all-risk insurance policy and business interruption policy (issued by an insurer
    meeting the Insurance Rating Requirements) to determine if they do not specifically exclude acts of terrorism from coverage,
    or if they do, there exists in the Diligence File a separate terrorism insurance policy related to the Mortgaged Property.  If
    so determined, it will be a Test pass.	Mortgage
    Loan Documents; Insurance Policies; Diligence File
	31b	Review
    the Mortgage Loan Documents to determine if the original principal balance was $20 million or less at origination.  If
    so, review the related special all-risk insurance policy and business interruption policy to determine if they do not, as
    of the date of origination of the JPMCB Mortgage Loan, specifically exclude acts of terrorism, from coverage, or if such coverage
    is excluded, it is covered by a separate terrorism insurance policy.  If so determined with respect to each part
    of this Test, it will be a Test pass.	Mortgage
    Loan Documents; Insurance Policy
	31c	Review
    the insurance policy to determine if, as of the Cut-off Date, the related special all-risk insurance policy and business
    interruption policy specifically excluded acts of terrorism from coverage, and if such coverage is excluded, the related Mortgaged
    Property was not covered by a separate terrorism insurance policy.  If not so determined, it will be a Test pass	Mortgage
    Loan Documents; Insurance Policy

 

    Exhibit QQ-A-27

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	 	31d	Review
    the Mortgage Loan Documents to determine if they expressly waive or prohibit the mortgagee from requiring coverage for acts
    of terrorism, or damages related thereto, except to the extent that any right to require such coverage may be limited by availability
    on commercially reasonable terms.  If not so determined, it will be a Test pass.	Mortgage
    Loan Documents
	32.  
    Due on Sale or Encumbrance.  Subject to specific exceptions set forth below, each JPMCB Mortgage Loan contains
    a “due-on-sale” or other such provision for the acceleration of the payment of the unpaid principal balance of
    such JPMCB Mortgage Loan if, without the consent of the holder of the Mortgage and/or complying with the requirements of the
    related Mortgage Loan documents (which provide for transfers without the consent of the lender which are customarily acceptable
    to the Mortgage Loan Seller lending on the security of property comparable to the related Mortgaged Property, such as 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 Mortgage Loan documents), (a) the related Mortgaged Property,
    or any controlling equity interest 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 Mortgage Loan documents, (iii) transfers of less than a controlling interest
    in a Mortgagor, (iv) transfers to another holder of direct or indirect equity in the Mortgagor, a specific Person designated
    in the related Mortgage Loan documents or a Person satisfying specific criteria identified in the related Mortgage Loan documents,
    (v) transfers of common stock in publicly traded companies, (vi) a substitution or release of collateral within the parameters
    of representations and warranties 29 and 34, or (vii) by reason of any mezzanine debt that existed at the origination of the
    related JPMCB Mortgage Loan, or future permitted mezzanine debt 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 interest of any
    JPMCB Mortgage Loan or any subordinate debt that existed at origination and is permitted under the related Mortgage Loan documents,
    (ii) purchase money security interests, (iii) any JPMCB Mortgage
	32a	Review
    the Mortgage Loan Documents to determine if there are “due-on-sale” or other such provisions for the acceleration
    of the payment of the unpaid principal balance of such JPMCB Mortgage Loan in the circumstances described in the first sentence
    of representation and warranty 32.  If so determined, it will be a Test pass.	Mortgage
    Loan Documents
	32b	Review
    the Mortgage Loan Documents to determine if there are provisions that require that if 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 fees and expenses incurred by the Mortgagee relative to such transfer or encumbrance.  If so determined,
    it will be a Test pass.	Mortgage
    Loan Documents

 

    Exhibit QQ-A-28

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	Loan
    that is cross-collateralized and cross-defaulted with another JPMCB Mortgage Loan or (iv) Permitted Encumbrances.  The
    Mortgage or other Mortgage 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 fees and expenses incurred by the mortgagee relative to such transfer or encumbrance.
	 	 	 
	33.  
                                         Single-Purpose Entity.  Each JPMCB Mortgage Loan requires the Mortgagor
                                         to be a Single-Purpose Entity for at least as long as the JPMCB Mortgage Loan is outstanding.  Both
                                         the Mortgage Loan documents and the organizational documents of the Mortgagor with respect
                                         to each JPMCB Mortgage Loan with a Cut-off Date Balance in excess of $5 million provide
                                         that the Mortgagor is a Single-Purpose Entity, and each JPMCB 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 JPMCB Mortgage Loan has a Cut-off Date Balance equal to $5 million or less, its organizational
                                         documents or the related Mortgage 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 JPMCB 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
                                         Mortgage 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 Mortgage 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 JPMCB Mortgage Loan that is cross-collateralized and cross-defaulted with the related
                                         JPMCB Mortgage Loan), and that it holds itself out as a legal entity, separate and apart
                                         from any other person or entity.
	33a	Review
    the Mortgage Loan Documents to determine if they require that the Mortgagor to be a Single-Purpose Entity (as defined in representation
    and warranty 33) for at least as long as any JPMCB Mortgage Loan is outstanding.  If so determined, it will be a
    Test pass.	Mortgage
    Loan Documents
	33b	Examine
    the JPMCB Mortgage Loan Purchase Agreement or the PSA for the Cut-off Date Balance of the JPMCB Mortgage Loan.  If
    the JPMCB Mortgage Loan had a Cut-off Date Balance in excess of $5 million, review the Mortgage Loan Documents and the Mortgagor’s
    organizational documents to determine if they require that the Mortgagor is a Single-Purpose Entity and that the Mortgagor
    organization documents show as such.  If so determined, it will be a Test pass.	Mortgage
    Loan Documents; JPMCB Mortgage Loan Purchase Agreement; PSA; Mortgagor’s organizational documents
	33c	Review
    the JPMCB Mortgage Loan Purchase Agreement or the PSA for Closing Date balances, and with respect to JPMCB Mortgage Loans
    with a Cut-off Date Balance of $20 million, review the Borrower’s Counsel Opinion for an opinion regarding non-consolidation
    of the Borrower.  If such an opinion is found, it will be a Test pass.	JPMCB
    Mortgage Loan Purchase Agreement; PSA; Borrower’s Counsel Opinion
	34.   Defeasance.  With respect to any JPMCB Mortgage Loan that, pursuant to the Mortgage Loan documents, can be
    defeased (a
	34	Review
    the Mortgage Loan Documents to determine if there are provisions allowing the JPMCB Mortgage Loan to be	Mortgage
    Loan Documents

 

    Exhibit QQ-A-29

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	“Defeasance”),
    (i) the Mortgage Loan documents provide for defeasance as a unilateral right of the Mortgagor, subject to satisfaction of
    conditions specified in the Mortgage Loan documents; (ii) the JPMCB 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 JPMCB Mortgage Loan when due, including (A) the entire remaining principal
    balance on (x) the maturity date or (y) on or after the first date on which payment may be made without payment of a yield
    maintenance charge or prepayment penalty or (B) if the JPMCB Mortgage Loan is an ARD Loan, the entire principal balance outstanding
    on the related Anticipated Repayment Date, and if the JPMCB 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 115% of the allocated loan amount for the real property
    to be released; (iv) the defeasance collateral is not permitted to be subject to prepayment, call, or early redemption; (v)
    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, (vi) if the Mortgagor would
    continue to own assets in addition to the defeasance collateral, the portion of the JPMCB Mortgage Loan secured by defeasance
    collateral is required to be assumed (or the mortgagee may require such assumption) by a Single-Purpose Entity; (vii) 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 (viii) the Mortgagor is required to pay all rating agency fees associated with defeasance
    (if rating confirmation is a specific condition 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.
	 	defeased,
    and if so, whether such Mortgage Loan Documents contain the provisions described in clauses (i) through (viii) of representation
    and warranty 34.  If so determined, it will be a Test pass.	 
	35.  
    Fixed Interest Rates.  Each JPMCB Mortgage Loan bears interest at a rate that remains fixed throughout the
    remaining term of such JPMCB Mortgage Loan, except in the case of an ARD Loan and situations where default interest is imposed.
	35	Review
    the Mortgage Note or Loan Agreement to determine if there are provisions requiring that the loan has a fixed interest rate
    that remains fixed throughout the term of such JPMCB Mortgage Loan, except in the case of an ARD Loan	Mortgage
    Note; Loan Agreement

 

    Exhibit QQ-A-30

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	 	 	and
    situations where default interest is imposed.  If so determined, it will be a Test pass.	 
	36.  
    Ground Leases.  For purposes of the Mortgage Loan Purchase Agreement, a “Ground Lease”
    shall mean 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, 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.

                                                                                                                                                                                       

                                                                                                                                                                                      With
    respect to any JPMCB Mortgage Loan where the JPMCB Mortgage Loan is secured by a ground leasehold estate 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 Mortgage
    Loan Seller, its successors and assigns:

                                                                                                                                                                                       

                                                                                                                                                                                      (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 adversely affect the security provided by the related Mortgage. To the Mortgage Loan Seller’s
    knowledge, no material change in the terms of the ground lease had occurred since its recordation, except by 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, modified, canceled or terminated
    without the prior written consent of the lender and that any such action without such consent is not binding on the lender,
    its successors or assigns;
	36a	Review
    the appraisal to determine if the Loan is secured by a Ground Lease (as defined in representation and warranty 36).  If
    so, review the Title Policy and Mortgage Loan Documents to determine if the related Mortgage does not also encumber the lessor’s
    fee interest in the Mortgaged Property.  If so determined, it will be a Test pass.	Appraisal;
    Mortgage Loan Documents
	36b	Review
    the Title Policy and Mortgage Loan Documents to determine if the Ground Lease or memorandum has been recorded or submitted
    for recordation.  If so determined, it will be a Test pass.	Title
    Policy; Mortgage Loan Documents
	36c	Review
    the Ground Lease and the ground lessor’s estoppel (or other agreement of the ground lessor) to determine if the interest
    of the lessee is permitted to be encumbered by the Mortgage and does not restrict the use of the Mortgaged Property by such
    lessee, its successors or assigns in a manner that would adversely affect the security provided by the Mortgage.  If
    so determined, it will be a Test pass.	Ground
    Lease; Ground lessor’s estoppel
	36d	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion that, as of the Closing Date, there was
    any material change in the terms of any Ground Lease since its recordation.  If such a notation or other indication
    is not found, it will be a Test pass. If such a notation or other indication is found, review the Mortgage File to determine
    if the modification agreement or instrument is in the Mortgage File.  If so determined, it will be a Test pass.	MS
    Servicer Notices; Mortgage File
	36e	Review
    the Ground Lease and Ground lessor’s estoppel to determine if the lessor has agreed that the Ground Lease may not be
    amended, modified, canceled or terminated without the prior written consent of the lender and that any such action without
    such consent is not binding on the lender, its successors or assigns.  If so determined, it will be a Test pass.	Ground
    Lease; Estoppel (or other agreement of the ground lessor)

 

    Exhibit QQ-A-31

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	(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 borrower or the mortgagee) that extends not less than 20 years beyond the stated maturity of the related JPMCB Mortgage Loan, or 10 years past the stated maturity if such JPMCB Mortgage Loan fully amortizes by the stated maturity (or with respect to a JPMCB Mortgage Loan that accrues on an actual 360 basis, substantially amortizes);

                                                                                 

                                                                                (D) The ground lease is not subject to any interests, estates, 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;

                                                                                 

                                                                                (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 JPMCB Mortgage Loan and its successors and assigns without the consent of the lessor thereunder, and in the event it is so assigned, it is further assignable by the holder of the JPMCB Mortgage Loan and its successors and assigns without the consent of the lessor;

                                                                                 

                                                                                (F)  The Mortgage Loan Seller has not received any written notice of default under or notice of termination of such ground lease. To the Mortgage Loan Seller’s knowledge, there is no default under such ground lease and no condition that, but for the passage of time or giving of notice, would result in a default under the terms of such ground lease.  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 lender written notice of any default, provides that no notice of default or termination is effective unless such notice is given to the lender, and requires that the ground lessor will supply an estoppel;

                                                                                 

                                                                                (H) A lender is permitted a reasonable opportunity (including, where necessary, sufficient time to gain possession of the interest of the lessee under the ground lease through legal proceedings) to cure any default under the ground lease which is
	36f	Review
    the Ground Lease to determine if it 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 borrower or the mortgagee) that extends not
    less than 20 years beyond the stated maturity of the JPMCB Mortgage Loan, or 10 years past the stated maturity if such JPMCB
    Mortgage Loan fully amortizes by the stated maturity (or with respect to a JPMCB Mortgage Loan that accrues on an actual 360
    basis, substantially amortizes).  If so determined, it will be a Test pass.	Ground
    Lease; Estoppel
	36g	Review
    the Title Policy to determine if the Ground Lease is not subject to any interests, estates, 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.  If
    so determined, it will be a Test pass.	Title
    Policy
	36h	Review
    the Ground Lease and any estoppel (or other agreement of the ground lessor) to determine if the Ground Lease does not place
    restrictions on the identity of the Mortgagee, as determined by the Asset Representations Reviewer.  If so determined,
    it will be a Test pass.	Ground
    Lease; Estoppel (or other agreement of the ground lessor)
	36i	Review
    the Ground Lease or estoppel (or other agreement of the ground lessor) to determine if the Ground Lease is assignable to the
    holder of any JPMCB Mortgage Loan and its successors and assigns without the consent of the lessor, and in the event of such
    assignment, it is further assignable by the holder of any JPMCB Mortgage Loan and its successors and assigns without the consent
    of the lessor.  If so determined, it will be a Test pass.	Ground
    Lease; Estoppel (or other agreement of the ground lessor)
	36j	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion that the Mortgage Loan Seller has received
    any written notice of default under or notice of termination of such Ground Lease.  If such a notation or other
    indication is not found, it will be a Test pass.	MS
    Servicer Notices
	36k	Review
    the MS Servicer Notices for a notation or other	MS
    Servicer Notices

 

    Exhibit QQ-A-32

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	curable after the lender’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 the Mortgage Loan Seller in connection with loans originated for securitization;

                                                                                 

                                                                                (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 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 Mortgage Loan documents) the lender 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 JPMCB Mortgage Loan, together with any accrued interest;

                                                                                 

                                                                                (K)  In the case of a total or substantial 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 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 JPMCB Mortgage Loan, together with any accrued interest; and

                                                                                 

                                                                                (L)  Provided that the lender cures any defaults which are susceptible to being cured, the ground lessor has agreed to enter into a new lease with lender upon termination of the ground lease for any reason, including rejection of the ground lease in a bankruptcy proceeding.
	 	indication
    of any claim or assertion that the Mortgage Loan Seller had knowledge as of the Closing Date that there was a default under
    such Ground Lease or there existed any condition that, but for the passage of time or giving notice, would result in a default
    under the terms of such Ground Lease.  If such a notation or other indication is not found, it will be a Test pass.	 
	36l	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion that the Ground Lease was not in full
    force and effect as of the Closing Date.  If such a notation or other indication is not found, it will be a Test
    pass.	MS
    Servicer Notices
	36m	Review
    the Ground Lease or estoppel (or other agreement of the ground lessor) to determine if the lessor is required to give to the
    lender written notice of any default, and provides that no notice of default or termination is effective unless such notice
    is given to the lender, and requires that the ground lessor will supply an estoppel.  If so determined, it will
    be a Test pass.	Ground
    Lease; Estoppel (or other agreement of the ground lessor)
	36n	Review
    the Ground Lease or estoppel (or other agreement of the ground lessor) to determine if the lender is permitted an 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 lender’s receipt of notice
    of any default before the lessor may terminate the Ground Lease.  If so determined, it will be a Test pass.	Ground
    Lease; estoppel (or other agreement of the ground lessor)
	36o	Review
    the Ground Lease to determine if it does not impose any unreasonable restrictions on subletting.  If so determined,
    it will be a Test pass.	Ground
    Lease
	36p	Review
    the Ground Lease, estoppel (or other agreement of the ground lessor), and Mortgage Loan Documents to determine if there are
    provisions that any related insurance proceeds or the portion of the condemnation award allocable to the ground lessee’s
    interest (other than in respect of a total or substantially total loss or taking as addressed in subpart	Ground
    Lease; Estoppel (or other agreement of the ground lessor); Mortgage Loan Documents

 

    Exhibit QQ-A-33

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	 	 	(K))
    are required to 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 Mortgage Loan Documents) the lender 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 JPMCB Mortgage Loan, together with any accrued interest.  If
    so determined, it will be a Test pass.	 
	36q	Review
    the Ground Lease, estoppel (or other agreement of the ground lessor), and Mortgage Loan Documents to determine if, in the
    case of a total or substantial 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 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 any JPMCB
    Mortgage Loan, together with any accrued interest.  If so determined, it will be a Test pass.	Ground
    Lease; Estoppel (or other agreement of the ground lessor); Mortgage Loan Documents
	36r	Review
    the Ground Lease or estoppel (or other agreement of the ground lessor) to determine if the ground lessor has agreed to enter
    into a new lease with lender upon termination of the Ground Lease for any reason, including rejection of the Ground Lease
    in a bankruptcy proceeding, provided that the lender cures any defaults which are susceptible to being cured.  If
    so determined, it will be a Test pass.	Ground
    Lease; Estoppel (or other agreement of the ground lessor)
	37.  
    Servicing.  The servicing and collection practices used by the Mortgage Loan Seller in respect of each JPMCB
    Mortgage Loan complied in all material respects with all applicable laws and regulations and was in all material respects
    legal, proper and prudent, in accordance with Mortgage Loan Seller’s customary commercial mortgage servicing practices.
	37	Review
    the MS Servicer Notices for a notation or other indication of any claims or assertions to the effect that the servicing and
    collection practices used by the Mortgage Loan Seller in respect of the JPMCB Mortgage Loan did not comply in all material
    respects with all applicable laws and regulations or was not in all material respects legal, proper and prudent, in accordance
    with Mortgage Loan Seller’s customary commercial mortgage servicing practices.  If such a notation or other
    indication is not found, it will be a Test	MS
    Servicer Notices

 

    Exhibit QQ-A-34

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	 	 	pass.	 
	38.  
    ARD Loan. Each JPMCB Mortgage Loan identified in the Mortgage Loan Schedule as an ARD Loan starts to amortize no later
    than the Due Date of the calendar month immediately after the calendar month in which such ARD Loan closed and substantially
    fully amortizes over its stated term, which term is at least 60 months after the related Anticipated Repayment Date. Each
    ARD Loan has an Anticipated Repayment Date not less than five years following the origination of such JPMCB Mortgage Loan.
    If the related Borrower elects not to prepay its ARD Loan in full on or prior to the Anticipated Repayment Date pursuant to
    the existing terms of the JPMCB Mortgage Loan or a unilateral option (as defined in Treasury Regulations under Section 1001
    of the Code) in the JPMCB Mortgage Loan exercisable during the term of the JPMCB Mortgage Loan, (i) the JPMCB Mortgage Loan’s
    interest rate will step up to an interest rate per annum as specified in the related JPMCB Mortgage Loan documents;
    provided, however, that payment of such Excess Interest shall be deferred until the principal of such ARD Loan
    has been paid in full; (ii) all or a substantial portion of the excess cash flow (which is net of certain costs associated
    with owning, managing and operating the related Mortgaged Property) collected after the Anticipated Repayment Date shall be
    applied towards the prepayment of such ARD Loan and once the principal balance of an ARD Loan has been reduced to zero all
    excess cash flow will be applied to the payment of accrued Excess Interest; and (iii) if the property manager for the related
    Mortgaged Property can be removed by or at the direction of the mortgagee on the basis of a debt service coverage test, the
    subject debt service coverage ratio shall be calculated without taking account of any increase in the related Mortgage Interest
    Rate on such JPMCB Mortgage Loan’s Anticipated Repayment Date. No ARD Loan provides that the property manager for the
    related Mortgaged Property can be removed by or at the direction of the mortgagee solely because of the passage of the related
    Anticipated Repayment Date.
	38a	Review
    the Mortgage Loan Schedule to identify if the JPMCB Mortgage Loan is an ARD Loan. If so, proceed to remaining tests. If not
    an ARD loan, it will be a Test pass for representation and warranty 38.	Mortgage
    Loan Schedule, Mortgage Loan Documents
	38b	Review
    the Mortgage Loan Documents to determine if there are provisions requiring the ARD Loan to start to amortize no later than
    the Due Date of the calendar month immediately after the calendar month in which such ARD Loan closed and fully amortizes
    over its stated term, which term is at least 60 months after the related Anticipated Repayment Date. If provisions are found,
    it will be a Test pass.	Mortgage
    Loan Schedule, Mortgage Loan Documents
	38c	Review
    the JPMCB Mortgage Loan Documents to determine if the ARD Loan has an Anticipated Repayment Date of not less than five years
    following the origination of such JPMCB Mortgage Loan. If so determined, it will be a Test pass	Mortgage
    Loan Schedule, Mortgage Loan Documents
	38d	Review
    the JPMCB Mortgage Loan Documents to determine if there are provisions stating that the property manager for the related Mortgage
    Property can be removed by or at the direction of the mortgagee solely because of the passage of the related Anticipated Repayment
    Date. If such language is not found, it will be a Test pass	Mortgage
    Loan Schedule, JPMCB Mortgage Loan Documents
	39.  
    Rent Rolls; Operating Histories.  The Mortgage Loan Seller has obtained a rent roll (each, a “Certified
    Rent Roll”) other than with respect to hospitality properties certified by the related Mortgagor or
	39a	Determine
    that there is one or more Certified Rent Rolls in the Diligence File for all properties other than hospitality properties,
    or, with respect to properties other than	Diligence
    File; Certified Rent Roll; Mortgage Loan Documents

 

    Exhibit QQ-A-35

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	the
    related guarantor(s) as accurate and complete in all material respects as of a date within 180 days of the date of origination
    of the related JPMCB Mortgage Loan.  The Mortgage Loan Seller has obtained operating histories (the “Certified
    Operating Histories”) with respect to each Mortgaged Property certified by the related Mortgagor or the related
    guarantor(s) as accurate and complete in all material respects as of a date within 180 days of the date of origination of
    the related JPMCB Mortgage Loan.  The Certified Operating Histories collectively report on operations for a period
    equal to (a) at least a continuous three-year period or (b) in the event the Mortgaged Property was owned, operated or constructed
    by the Mortgagor or an affiliate for less than three years then for such shorter period of time, it being understood that
    for mortgaged properties acquired with the proceeds of a JPMCB Mortgage Loan, Certified Operating Histories may not have been
    available.	 	hospitality
    properties, a representation as to the accuracy of the rent roll or rent rolls is made by the Mortgagor in the Mortgage Loan
    Documents.  If there are Certified Rent Rolls, determine if they have been certified by the Borrower or the guarantor(s)
    as being accurate and complete in all material respects within 180 days of the date of origination of any JPMCB Mortgage Loan.  If
    so determined as to each part of this Test, it will be a Test pass.	 
	39b	Determine
    that there are operating histories for each Mortgaged Property that are certified by the Mortgagor or the guarantor(s) as
    being accurate and complete in all material respects within 180 days of the date of origination of the related JPMCB Mortgage
    Loan.  If so determined, it will be a Test pass.	Operating
    statements; Mortgage Loan Documents
	39c	For
    any Mortgaged Property not acquired with the proceeds of any JPMCB Mortgage Loan, review the Certified Operating Histories
    to determine if they report on operations for a period equal to (a) at least a continuous three-year period or (b) in the
    event the Mortgaged Property was owned, operated or constructed by the Mortgagor or an affiliate for less than three years
    then for such shorter period of time.  If so determined, it will be a Test pass.	Operating
    statements
	40.  
    No Material Default; Payment Record.  No JPMCB Mortgage Loan has been more than 30 days delinquent, without
    giving effect to any grace or cure period, in making required payments since origination, and as of the Closing Date, no JPMCB
    Mortgage Loan is delinquent (beyond any applicable grace or cure period) in making required payments.  To the Mortgage
    Loan Seller’s knowledge, there is (a) no, and since origination there has been no, material default, breach, violation
    or event of acceleration existing under the related JPMCB 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, 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 Mortgage Loan Seller in Exhibit C to the
	40a	Review
    the Servicing File and the MS Servicer Notices for a notation or other indication that (i) the JPMCB Mortgage Loan has been
    more than 30 days delinquent, giving effect to any grace or cure period, in making required payments since origination, and
    (ii) the JPMCB Mortgage Loan was delinquent beyond any applicable grace or cure periods as of the Closing Date.  If
    such a notation or other indication is not found, it will be a Test pass.	Servicing
    File; MS Servicer Notices
	40b	Review
    the Servicing File and the MS Servicer Notices for a notation or other indication that (a) as of the Closing Date or since
    origination (i) there was a material default, breach, violation or event of acceleration existing under the related JPMCB
    Mortgage Loan or (b) as of the Closing Date, there was an event (other than payments due but not yet delinquent) which, with
    the passage of time or with notice	Servicing
    File; MS Servicer Notices

 

    Exhibit QQ-A-36

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	Mortgage
    Loan Purchase Agreeement.  No person other than the holder of such JPMCB Mortgage Loan may declare any event of
    default under the JPMCB Mortgage Loan or accelerate any indebtedness under the Mortgage Loan documents.	 	and
    the expiration of any grace or cure period, would constitute a material default, breach, violation or event of acceleration
    (it being understood that the Asset Representations Reviewer will not deem as evidence 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 any Mortgage Loan Seller in Exhibit C to the JPMCB Mortgage Loan Purchase Agreement).  If such a notation
    or other indication is not found, it will be a Test pass.	 
	41.  
    Bankruptcy.  In respect of each JPMCB Mortgage Loan, the related Mortgagor is not a debtor in any bankruptcy,
    receivership, conservatorship, reorganization, insolvency, moratorium or similar proceeding.
	41	Review
    the Lexis/Nexis (or comparable) search and MS Servicer Notices for a notation or other indication that the Mortgagor was a
    debtor in any bankruptcy, receivership, conservatorship, reorganization, insolvency, moratorium or similar proceeding on the
    Closing Date.  If such notation or other indication is not found, it will be a Test pass.	Lexis/Nexis
    (or comparable) search; MS Servicer Notices
	42.  
    Organization of Borrower.  The Mortgage Loan Seller has obtained an organizational chart or other description
    of each Mortgagor which identifies all beneficial controlling owners of the Mortgagor (i.e., managing members, general
    partners or similar controlling person for such Mortgagor) (the “Controlling Owner”) and all owners that
    hold a 25% or greater direct ownership share (i.e., the “Major Sponsors”). The Mortgage Loan Seller
    (1) required questionnaires to be completed by each Controlling Owner and guarantor or performed other processes designed
    to elicit information from each Controlling Owner and guarantor regarding such Controlling Owner’s or guarantor’s
    prior history for at least 10 years regarding any bankruptcies or other insolvencies, any felony convictions, and (2) performed
    or caused to be performed searches of the public records or services such as Lexis/Nexis, or a similar service designed to
    elicit information about each Controlling Owner, Major Sponsor and guarantor regarding such Controlling Owner’s, Major
    Sponsor’s or guarantor’s prior history for at least 10 years regarding any bankruptcies or other insolvencies,
    any felony convictions, and provided, however, that records searches were limited to the last 10 years  (clauses
    (1) and (2) collectively, the “Sponsor Diligence”). Based solely on the Sponsor Diligence, to the knowledge
    of the Mortgage Loan Seller, no Major Sponsor or guarantor (i) was in a state of federal bankruptcy or insolvency proceeding,
    (ii) had a prior
	42a	Review
    the Diligence File to determine if it includes an organizational chart or other description of each Mortgagor in the Diligence
    File which purports to identify all Controlling Owners and Major Sponsors.  If so determined, it will be a Test
    pass.	Diligence
    File; Organization Chart
	42b	Review
    the Diligence File to determine if the Sponsor Diligence is included.  If so determined, it will be a Test pass.	Diligence
    File

 

    Exhibit QQ-A-37

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	record
    of having been in a state of federal bankruptcy or insolvency, or (iii) had been convicted of a felony.
	 	 	 
	43.  
                                         Environmental Conditions.  At origination, each Mortgagor represented
                                         and warranted that to its knowledge no hazardous materials or any other substances or
                                         materials which are included under or regulated by environmental laws are located on,
                                         or have been handled, manufactured, generated, stored, processed, or disposed of on or
                                         released or discharged from the Mortgaged Property, except as disclosed by a Phase I
                                         environmental assessment (or a Phase II environmental assessment, if applicable) delivered
                                         in connection with the origination of the JPMCB Mortgage Loan or except for those substances
                                         commonly used in the operation and maintenance of properties of kind and nature similar
                                         to those of the Mortgaged Property in compliance with all environmental laws and in a
                                         manner that does not result in contamination of the Mortgaged Property.  A
                                         Phase I environmental site assessment (or update of a previous Phase I and or Phase II
                                         site assessment) and, with respect to certain JPMCB Mortgage Loans, a Phase II environmental
                                         site assessment (collectively, an “ESA”) meeting ASTM requirements
                                         conducted by a reputable environmental consultant in connection with such JPMCB 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 reveal any known circumstance or condition that rendered
                                         the Mortgaged Property at the date of the ESA in material noncompliance with applicable
                                         environmental laws or the existence of recognized environmental conditions (as such term
                                         is defined in ASTM E1527-05 or its successor, hereinafter “Environmental Condition”)
                                         or the need for further investigation, or (ii) if any material noncompliance with environmental
                                         laws or 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)
                                         125% of the funds 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 by the related lender; (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, and the only recommended action in the
	43a	Review
    the Mortgage Loan Documents to determine if they include a representation and warranty by the Mortgagor described in the first
    sentence of representation and warranty 43.  If so determined, it will be a Test pass.	Mortgage
    Loan Documents
	43b	Review the Diligence File to determine if an ESA is included.  If so determined, review the ESA to determine that the ESA was conducted in connection with the JPMCB Mortgage Loan within 12 months prior to its origination date, and to confirm that the ESA on its face (i) did not reveal any known circumstance or condition that rendered the Mortgaged Property at the date of the ESA in material noncompliance with applicable environmental laws or the existence of recognized environmental conditions or the need for further investigation, or (ii) if any material noncompliance with environmental laws or the existence of an Environmental Condition (as defined in representation and warranty 43) or need for further investigation was indicated in any such ESA, then the following procedures will be performed: (43b-1 through 43b-5)

                                                                                 

                                                                                1.  Review escrow statements in the Diligence File used to determine if 125% of the funds 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 Borrower and is held by the lender.

                                                                                 

                                                                                2.  If the determination in subpart 1 cannot be made and 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, and the only recommended action in the ESA is the institution of an operations or maintenance plan, review the Diligence File to determine if there exists an operations or maintenance plan regarding such Environmental Condition.  If so determined, confirm that the plan on its face appears to be expected to mitigate
	Diligence
    File;  ESA; Escrow statements; Operations or maintenance plan; No further action letter; Closure letter; Environmental
    policy or lender’s pollution legal liability policy

 

    Exhibit QQ-A-38

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	ESA
    is the institution of such a plan, an operations or maintenance plan has been required to be instituted by the related Mortgagor
    that 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 Cut-off Date, 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 administratively “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., S&P Global Ratings and/or Fitch Ratings, Inc.; (E) a party not related to the Mortgagor with
    assets reasonably estimated to be adequate to effect all necessary remediation was identified as the responsible party for
    such condition or circumstance; or (F) a party related to the Mortgagor with assets reasonably estimated to be adequate to
    effect all necessary remediation was identified as the responsible party for such condition or circumstance is required to
    take action.  The ESA will be part of the Servicing File; and to the Mortgage Loan Seller’s knowledge, except
    as set forth in the ESA, there is no (i) known circumstance or condition that rendered the Mortgaged Property in material
    noncompliance with applicable environmental laws, (ii) Environmental Conditions (as such term is defined in ASTM E1527-05
    or its successor), or (iii) need for further investigation.  

                                                                                                                                                                                                   

                                                                                                                                                                                                  In the case of each JPMCB Mortgage Loan set forth on
    Schedule D-2 to the Mortgage Loan Purchase Agreement, (i) such JPMCB Mortgage Loan is the subject of an environmental insurance
    policy, issued by the issuer set forth on Schedule D-2 to the Mortgage Loan Purchase Agreement (the “Policy Issuer”)
    and effective as of the date thereof (the “Environmental Insurance Policy”), (ii) as of the Cut-off Date
    the Environmental Insurance Policy is in full force and effect, there is no deductible and the trustee is a named insured
    under such policy, (iii)(a) a property condition or engineering report was prepared, if the related Mortgaged Property was
    constructed prior to 1985, with respect to asbestos-containing materials (“ACM”) and, if the related Mortgaged
    Property is a multifamily property, with
	 	the
                                         identified risk.

                                                                                 

                                                                                3.  If the determination in subpart 1 cannot be made and the determination in subpart 2 cannot be made or such subpart is not applicable, review the Diligence File to determine if any Environmental Condition identified was remediated or abated in all material respects prior to the Cut-off Date, or that a no further action or closure letter was obtained from the applicable governmental regulatory authority (or to determine if the environmental issue affecting the Mortgaged Property was otherwise listed by such governmental authority as administratively “closed” or a reputable environmental consultant has concluded that no further action is required).

                                                                                 

                                                                                4.  If the determinations in subparts 1 and 3 cannot be made and the determination in subpart 2 cannot be made or such subpart is not applicable, review the Diligence File to determine if there exists 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., S&P Global Ratings and/or Fitch Ratings, Inc.

                                                                                 

                                                                                5.  If the determinations in subparts 1, 3 and 4 cannot be made and the determination in subpart 2 cannot be made or such subpart is not applicable, review the Diligence File to determine if a party with assets reasonably estimated to be adequate to effect all necessary remediation was identified as the responsible party for such condition or circumstance.

                                                                                 

                                                                                If the matters set forth in any of subparts 1 through 5 above can be made, it will be a Test pass.
	 
	43c	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion that the Mortgage Loan Seller had knowledge
    as of the Closing Date of (a) a known circumstance or condition, not set forth in the ESA, that rendered the Mortgaged Property
    in material noncompliance with applicable environmental laws, and (b) any	MS
    Servicer Notices; ESA

 

    Exhibit QQ-A-39

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	respect
    to radon gas (“RG”) and lead-based paint (“LBP”), and (b) if such report disclosed the
    existence of a material and adverse LBP, ACM or RG environmental condition or circumstance affecting the related Mortgaged
    Property, the related Mortgagor (A) was required to remediate the identified condition prior to closing the JPMCB Mortgage
    Loan or provide additional security or establish with the mortgagee a reserve in an amount deemed to be sufficient by the
    Mortgage Loan Seller, for the remediation of the problem, and/or (B) agreed in the Mortgage Loan documents to establish an
    operations and maintenance plan after the closing of the JPMCB Mortgage Loan that should reasonably be expected to mitigate
    the environmental risk related to the identified LBP, ACM or RG condition, (iv) on the effective date of the Environmental
    Insurance Policy, the Mortgage Loan Seller as originator had no knowledge of any material and adverse environmental condition
    or circumstance affecting the Mortgaged Property (other than the existence of LBP, ACM or RG) that was not disclosed to the
    Policy Issuer in one or more of the following:  (a) the application for insurance, (b) a Mortgagor questionnaire
    that was provided to the Policy Issuer, or (c) an engineering or other report provided to the Policy Issuer, and (v) the premium
    of any Environmental Insurance Policy has been paid through the maturity of the policy’s term and the term of such policy
    extends at least five years beyond the maturity of the JPMCB Mortgage Loan.
	 	Environmental
    Condition (as such term is defined in ASTM E1527-05 or its successor) not set forth in the ESA or (c) there is a need for
    further investigation not set forth in the ESA.  The Asset Representations Reviewer will obtain the ESA from the
    Diligence File and review for disclosure of the known circumstances or conditions.  If such a notation or other
    indication is not found, it will be a Test pass.	 
	43d	Review
    Schedule D-2 to the JPMCB Mortgage Loan Purchase Agreement, if the JPMCB Mortgage Loan is listed on Schedule D-2, also review
    the Diligence File to determine if the JPMCB Mortgage Loan is the subject of an Environmental Insurance Policy.  If
    so, review such Environmental Insurance Policy to determine if it was issued by a Policy Issuer identified on Schedule D-2
    to the JPMCB Mortgage Loan Purchase Agreement.  If so determined, it will be a Test pass.	Schedule
    D-2 to JPMCB Mortgage Loan Purchase Agreement; Diligence File; Environmental Insurance Policy
	43e	Review
    the Environmental Insurance Policy to determine if the policy was in full force and effect as of the Cut-off Date, there is
    no deductible, and the Trustee is a named insured under such policy.  If so determined, it will be a Test pass.	Environmental
    Insurance Policy; Servicing records
	43f	Review
    the Diligence File to determine if there exists a property condition assessment or engineering report.  For Mortgaged
    Properties constructed prior to 1985, review the related report to determine if it addresses asbestos containing materials.  If
    so determined with respect to each part of the Test, it will be a Test pass.	Diligence
    File; Property condition assessment; Engineering report
	43g	Review
    the appraisal to determine if the property is a multifamily property.  If so, review the Diligence File to determine
    if there exists a property condition report or engineering report.  Review the related report to determine if there
    is a radon gas and lead based paint section in the report.  If so determined, it will be a Test pass.	Appraisal;
    Property condition Assessment; Engineering report
	43h	Review
    the most recently dated property condition assessment or engineering report for disclosures of the existence of a material
    and adverse environmental condition or circumstance affecting the Mortgaged Property.  If so,	Property
    condition assessment; Engineering report; Remediation agreement; Mortgage

 

    Exhibit QQ-A-40

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	 	 	determine  if
    the related Mortgagor (A) was required to remediate the identified condition prior to closing any JPMCB Mortgage Loan or provide
    additional security or establish with the mortgagee a reserve in an amount deemed to be sufficient by any Mortgage Loan Seller,
    for the remediation of the problem, and/or (B) agreed in any documents in the Mortgage File to establish an operations and
    maintenance plan after the closing of any JPMCB Mortgage Loan that should reasonably be expected to mitigate the environmental
    risk.  If so determined, it will be a Test pass.	Loan
    Documents
	43i	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion that, in the case of a JPMCB Mortgage
    Loan set forth on Schedule D-2 to the JPMCB Mortgage Loan Purchase Agreement, on the effective date of the Environmental Insurance
    Policy, the Mortgage Loan Seller had knowledge of any material and adverse environmental condition or circumstance affecting
    the Mortgaged Property (other than the existence of LBP, ACM or RG) that was not disclosed to the Policy Issuer in one or
    more of the following: (a) the application for insurance, (b) a Mortgagor questionnaire that was provided to the Policy Issuer,
    or (c) an engineering or other report provided to the Policy Issuer.  If such a notation or other indication is
    not found, it will be a Test pass.	MS
    Servicer Notices
	43j	Review
    the Environmental Insurance Policy to determine if the premium of any Environmental Insurance Policy has been paid through
    the maturity of the policy’s term and the term of such policy extends at least five years beyond the maturity of any
    JPMCB Mortgage Loan.  If so determined, it will be a Test pass.	Environmental
    Insurance Policy;  Mortgage Loan Documents
	44.  
    Lease Estoppels.  With respect to each JPMCB Mortgage Loan predominantly secured by a retail, office or industrial
    property leased to a single tenant, the Mortgage Loan Seller reviewed such estoppel obtained from such tenant no earlier than
    90 days prior to the origination date of the related JPMCB Mortgage Loan, and to the Mortgage Loan Seller’s knowledge
    based solely on the related estoppel certificate, the related lease is in full force and effect or if
	44a	Review
    the appraisal to determine if the property is a retail, office, or industrial property, and if so, review the Certified Rent
    Roll to determine if the property is leased to a single tenant.  If so, review the estoppel to determine if it was
    obtained from such tenant no earlier than 90 days prior to the origination date of the JPMCB Mortgage Loan.  If
    so determined, it will be a Test pass.	Estoppels;
    Certified Rent Roll; Appraisal

 

    Exhibit QQ-A-41

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	not
    in full force and effect, the related space was underwritten as vacant, subject to customary reservations of tenant’s
    rights, such as, without limitation, with respect to common area maintenance (“CAM”) and pass-through audits
    and verification of landlord’s compliance with co-tenancy provisions.  With respect to each JPMCB Mortgage
    Loan predominantly secured by a retail, office or industrial property, the Mortgage Loan Seller has received lease estoppels
    executed within 90 days of the origination date of the related JPMCB Mortgage Loan that collectively account for at least
    65% of the in-place base rent for the Mortgaged Property or set of cross-collateralized properties that secure a JPMCB Mortgage
    Loan that is represented on the Certified Rent Roll.  To the Mortgage Loan Seller’s knowledge, each lease
    represented on the Certified Rent Roll is in full force and effect, subject to customary reservations of tenant’s rights,
    such as with respect to CAM and pass-through audits and verification of landlord’s compliance with co-tenancy provisions.
	44b	Review
    the estoppel certificate referenced in Test 44a and the asset summary report to determine if (i) the related lease is in full
    force and effect, subject to customary reservations of tenant’s rights, such as, without limitation, with respect to
    CAM and pass-through audits and verification of landlord’s compliance with co-tenancy provisions, or (ii) if there is
    no estoppel certificate, the property was underwritten as vacant. If the matters set forth in clause (i) or (ii) are so determined,
    it will be a Test pass.	Estoppels;
    Diligence File; Asset Summary Report
	44c	Review
    the appraisal to determine if the JPMCB Mortgage Loan is predominantly secured by a retail, office, or industrial property.  If
    so, review the Diligence File to determine if lease estoppels executed within 90 days of the origination date of the JPMCB
    Mortgage Loan were received that collectively account for at least 65% of the in-place base rent for the Mortgaged Property
    or set of cross-collateralized properties that secure a JPMCB Mortgage Loan that is represented on the Certified Rent Roll.  If
    so determined with respect to each part of this Test, it will be a Test pass.	Appraisal;
    Diligence File
	44d	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion that, as of the Closing Date, and subject
    to customary reservations of tenant’s rights, such as with respect to CAM and pass-through audits and verification of
    landlord’s compliance with co-tenancy provisions, the Mortgage Loan Seller had knowledge that any lease represented
    on the Certified Rent Roll was not in full force and effect.  If such a notation or other indication is not found,
    it will be a Test pass.	MS
    Servicer Notices; Certified Rent Roll
	45.  
    Appraisal.  The Mortgage File contains an appraisal of the related Mortgaged Property with an appraisal date
    within 6 months of the JPMCB 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 Mortgage Loan
    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 JPMCB Mortgage Loan.  Each
	45a	Review
    the appraisal to determine if it was dated within 6 months of the JPMCB Mortgage Loan origination date and with 12 months
    of the Closing Date.  If so determined, it will be a Test pass.	Appraisal
	45b	Review
    the appraisal to determine if it was signed by an appraiser represented to be an MAI.  If so determined, it will
    be a Test pass.	Appraisal
	45c	Review
    the appraisal to determine if it includes an	Appraisal

 

    Exhibit QQ-A-42

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	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.
	 	appraiser’s
    certification or supplemental letter that indicates that the appraiser had no interest, direct or indirect, in the Mortgagor,
    the Mortgaged Property or any loan made on the security of the Mortgaged Property.  If so determined, it will be
    a Test pass.	 
	45d	Review
    the appraisal to determine if it includes an appraiser’s certification or supplemental letter that indicates that the
    appraiser’s compensation is not affected by the approval or disapproval of the JPMCB Mortgage Loan.  If so
    determined, it will be a Test pass.	Appraisal
	45e	Review
    the appraisal to determine if it includes documentation in the appraisal or a 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.  If so determined, it will be a Test pass.	Appraisal
	46.  
    Mortgage Loan Schedule.  The information pertaining to each JPMCB Mortgage Loan which is set forth in the
    Mortgage Loan Schedule attached as Exhibit A to the Mortgage Loan Purchase Agreeement is true and correct in all material
    respects as of the Cut-off Date and contains all information required by the PSA to be contained therein.
	46a	Review
    the Mortgage Loan Schedule attached as Exhibit A to the JPMCB Mortgage Loan Purchase Agreement and compare it to the corresponding
    information in (i) Annex A to the final prospectus (ii) Mortgage Loan Documents, (iii) PSA, and (iv) asset summary report
    to determine if there are discrepancies between the documents.  If there are no such discrepancies, it will be a
    Test pass.	JPMCB
    Mortgage Loan Purchase Agreement; Annex A to final prospectus; Mortgage Loan Documents; PSA; Asset Summary Report
	46b	Compare
    the information in the Mortgage Loan Schedule to the requirements of the PSA to determine if they match.  If there
    are no discrepancies, it will be a Test pass.	Mortgage
    Loan Schedule; PSA
	47.  
    Cross-Collateralization.  No JPMCB Mortgage Loan is cross-collateralized or cross-defaulted with any other
    mortgage loan that is outside the Mortgage Pool.
	47	Review
    the Mortgage Loan Documents to determine if the JPMCB Mortgage Loan is cross-collateralized or cross-defaulted with any other
    JPMCB Mortgage Loan that is outside the Mortgage Pool.  If not so determined, it will be a Test pass.	Mortgage
    Loan Documents
	48.  
    Advance of Funds by the Seller.  No advance of funds has been made by the Mortgage Loan Seller to the related
    Mortgagor, and no funds have been received from any person other than the related Mortgagor or an affiliate, directly, or,
    to the knowledge of the Mortgage Loan
	48a	Review
    the MS Servicer Notices for a notation or other indication that, as of the Closing Date, an advancement of funds had been
    made by the Mortgage Loan Seller to the related Mortgagor, or that funds have been received from	MS
    Servicer Notices

 

    Exhibit QQ-A-43

     

    
 

	Representations
    and Warranties	 	Test	Review
    Materials
	Seller,
    indirectly for, or on account of, payments due on the JPMCB Mortgage Loan.  Neither the Mortgage Loan Seller nor
    any affiliate thereof has any obligation to make any capital contribution to any Mortgagor under a JPMCB Mortgage Loan, other
    than contributions made on or prior to the Closing Date.
	 	any
    person other than the Mortgagor or an affiliate, directly, for, or on account of, payments due on the JPMCB Mortgage Loan.  If
    such a notation or other indication is not found, it will be a Test pass.	 
	48b	Review
    the Mortgage Loan Documents to determine if the Mortgage Loan Seller, or an affiliate, has an obligation to make any capital
    contribution to the Mortgagor, other than contributions made on or prior to the Closing Date.  If not so determined,
    it will be a Test pass.	Mortgage
    Loan Documents
	49.  
    Compliance with Anti-Money Laundering Laws.  The Mortgage Loan Seller has complied with its internal procedures
    with respect to all applicable anti-money laundering laws and regulations, including without limitation the USA Patriot Act
    of 2001 in connection with the origination of the JPMCB Mortgage Loan.
	49	Review
    the MS Servicer Notices for a notation or other indication of any claim or assertion that the Mortgage Loan Seller did not
    comply with its internal procedures with respect to all applicable anti-money laundering laws and regulations, including without
    limitation the USA Patriot Act of 2001 in connection with the origination of any JPMCB Mortgage Loan.  If such a
    notation or other indication is not found, it will be a Test pass.	MS
    Servicer Notices

 

    Exhibit QQ-A-44

     

    

 

EXHIBIT
QQ-B

 

GACC
ASSET REVIEW PROCEDURES

 

Pursuant to the terms and subject to the conditions
set forth in the Pooling and Servicing Agreement (“PSA”), the Asset Representations Reviewer (“Asset
Representations Reviewer”) shall perform an Asset Review with respect to each representation and warranty made by the
related Mortgage Loan Seller only with respect to each Delinquent Loan in accordance with the procedures set forth below (each
such procedure, a “Test”); provided, however, the Asset Representations Reviewer may, but is
under no obligation to, modify any Test and/or associated Review Materials described in this Exhibit QQ-B if, and only
to the extent, the Asset Representations Reviewer determines pursuant to the Asset Review Standard that it is necessary to modify
such Test and/or such associated Review Materials in order to facilitate its Asset Review in accordance with the Asset Review
Standard. Capitalized terms used herein but not defined herein have the meaning set forth in the PSA or, solely with respect to
a representation and warranty, the meaning set forth in the related mortgage loan purchase agreement where German American Capital
Corporation is the Seller (the “GACC Mortgage Loan Purchase Agreement”). For the avoidance of doubt, in connection
with the performance of the following Tests:

 

	(A)	With
                                         respect to any representation and warranty that includes a knowledge qualifier (e.g.,
                                         to the Mortgage Loan Seller’s knowledge, etc.), the Asset Representations Reviewer
                                         shall not be responsible for any investigation or review beyond that set forth in the
                                         applicable Test related to such representation and warranty;

 

	(B)	With
                                         respect to any representation and warranty that includes the examination of an insurance
                                         policy or Title Policy, the Asset Representations Reviewer will be permitted to engage
                                         a qualified consultant to perform a review of the applicable policy, and will be allowed
                                         to rely upon the conclusions of the consultant when making a determination as to whether
                                         there is a Test pass.

 

	(C)	The
                                         Asset Representations Reviewer shall be under no duty to provide or obtain a legal opinion,
                                         legal review or legal conclusion;

 

	(D)	Unless
                                         otherwise provided in the Test, the “as of” date for the testing of a representation
                                         is as of the Closing Date;

 

	(E)	Unless
                                         otherwise provided in the Test, if there is more than one version of the same document
                                         with respect to a particular Mortgage Loan or Mortgaged Property, the document that will
                                         be used by the Asset Representations Reviewer in testing is the document that is dated
                                         as of the Closing Date or, if none, the document closest prior to the Closing Date;

 

	(F)	With
                                         respect to each representation and warranty and its related Test(s), the Asset Representations
                                         Reviewer shall take into account any exceptions to such representation and warranty described
                                         in the GACC Mortgage Loan Purchase Agreement with respect to a Mortgage Loan, and a Test
                                         pass shall be deemed to have occurred with respect to such

  

     Exhibit QQ-B-1

     

     

 

Test
if the sole reason for not satisfying the applicable Test is caused by such exception(s);

 

	(G)	Evidence
                                         of a failure of a Test could result from (i) an affirmative determination by the Asset
                                         Representations Reviewer that the Test failed to achieve a Test pass, or (ii) a determination
                                         by the Asset Representations Reviewer that the documentation included in the Review Materials
                                         (after making such request for any missing documents in the manner provided for in the
                                         PSA) is not sufficient to perform the Test; and

 

	(H)	A
                                         determination by the Asset Representations Reviewer of a Test pass or a Test failure
                                         shall not constitute a determination by the Asset Representations Reviewer of (i) the
                                         existence or nonexistence of a Material Defect, or (ii) whether the Trust should enforce
                                         any rights it may have against the applicable Mortgage Loan Seller.

 

The
Asset Representations Reviewer will only be required to perform the Tests described in this Exhibit QQ-B, and will not
be obligated to perform additional procedures on any Delinquent Loan, even if a different set of procedures or Review Materials
could produce a different outcome. Notwithstanding the required Tests, the Asset Representations Reviewer will not be required
to review any information other than (1) Review Materials specified in the related Test and (2) if applicable, Unsolicited Information.
The Asset Representations Reviewer may, but is under no obligation to, consider Unsolicited Information relevant to the Tests
subject to the terms of the PSA. If the Asset Representations Reviewer considers Unsolicited Information, the Asset Representations
Reviewer shall take into account such Unsolicited Information, in addition to the Review Materials referred to in the applicable
Test(s) procedure when making a determination as to whether there is a Test pass. 

 

     Exhibit QQ-B-2

     

      

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	1.
        Whole Loan; Ownership of Mortgage Loans. Except with respect to a GACC Mortgage Loan that is part of a Whole Loan,
        each GACC Mortgage Loan is a whole loan and not a participation interest in a GACC Mortgage Loan. Each GACC Mortgage Loan
        that is part of a Whole Loan is a portion of a whole loan evidenced by a Mortgage Note. At the time of the sale, transfer
        and assignment to Purchaser, no Mortgage Note or Mortgage was subject to any assignment (other than assignments to the
        Mortgage Loan Seller or, with respect to any Non-Serviced Mortgage Loan, to the related Non-Serviced Trustee), participation
        or pledge, and the Mortgage Loan Seller had good title to, and was the sole owner of, each GACC Mortgage Loan free and
        clear of any and all liens, charges, pledges, encumbrances, participations, any other ownership interests on, in or to
        such GACC Mortgage Loan other than any servicing rights appointment or similar agreement. The Mortgage Loan Seller has
        full right and authority to sell, assign and transfer each GACC Mortgage Loan, and the assignment to Purchaser constitutes
        a legal, valid and binding assignment of such GACC Mortgage Loan free and clear of any and all liens, pledges, charges
        or security interests of any nature encumbering such GACC Mortgage Loan.
	1a
	Review
        the amounts listed on the original Mortgage Note and Mortgage for an indication that they match the amounts listed on
        the Mortgage Loan Schedule. If the amounts are the same, then such Mortgage Loan would be considered a Whole Loan. If
        there is more than one property then the Mortgage for each Mortgaged Property would need to be aggregated. If identified
        as such, it will be a Test pass.
	Mortgage;
        Mortgage Note; Loan agreement related to the GACC Mortgage Loan (“Loan Agreement”); Mortgage Loan guaranty;
        Assignment of Leases, Rents and Profits; and Environmental Indemnity Agreement (collectively, the “Mortgage Loan
        Documents”); Mortgage Loan Schedule.

	1b
	Review
        any notice previously delivered by the master servicer or the special servicer, as applicable, of any alleged defect or
        breach with respect to any Delinquent Loan (collectively, the “MS Servicer Notices”) for notation of
        any Mortgage Note or Mortgage that was subject to any assignment (other than assignments to the Mortgage Loan Seller or,
        with respect to any Non-Serviced Mortgage Loan, to the related Non-Serviced Trustee for the Other Securitization), participation
        or pledge, or that the Mortgage Loan Seller did not have good title to, and was the sole owner of, each GACC Mortgage
        Loan free and clear of any and all liens, charges, pledges, encumbrances, participations, any other ownership interests
        on, in or to such GACC Mortgage Loan other than any servicing rights appointment or similar agreement. If no such notation
        is found, it will be a Test pass.
	MS
        Servicer Notices

	1c
	Review
        the MS Servicer Notices for notation of any claim or assertion regarding the Mortgage Loan Seller not having the full
        right and authority to sell, assign and transfer the GACC Mortgage Loan. If such notation is not found, it will be a Test
        pass.
	MS
        Servicer Notices

	1d
	Review
        the MS Servicer Notices for notation of any claim or assertion regarding the assignment to the Purchaser not constituting
        a legal, valid and binding assignment of such GACC Mortgage Loan free and clear of any and all liens, pledges, charges
        or security interests of any nature encumbering such GACC Mortgage Loan. If such notation is not found, it will be
	MS
        Servicer Notices

 

     Exhibit QQ-B-3

     

    
     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	 	 	a
    Test pass.	 
	2.
        Loan Document Status. Each related Mortgage Note, Mortgage, Assignment of Leases, Rents and Profits (if a separate
        instrument), guaranty and other agreement executed by or on behalf of the related Borrower, guarantor or other obligor
        in connection with such GACC Mortgage Loan is the legal, valid and binding obligation of the related Borrower, 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 sentences, there is no valid offset, defense, counterclaim or right of rescission
        available to the related Borrower 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 on intentional fraud by the
        Mortgage Loan Seller in connection with the origination of the GACC Mortgage Loan, that would deny the mortgagee the principal
        benefits intended to be provided by the Mortgage Note, Mortgage or other Loan Documents.
	2a
	Review
                                         the opinion of Mortgagor’s counsel (“Mortgagor’s Counsel Opinion”)
                                         for an indication that it contains language that the related Mortgage Note, Mortgage,
                                         Assignment of Leases, Rents and Profits (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 GACC 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 as specified in representation and warranty 2. If such indication
                                         exists, it will be a Test pass.
	Mortgagor’s
        Counsel Opinion

	2b
	Review
        the MS Servicer Notices for notation of any 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 Mortgage Loan Documents, including,
        without limitation, any such valid offset, defense, counterclaim or right based on intentional fraud by the Mortgage Loan
        Seller in connection with the origination of the GACC Mortgage Loan, that would deny the Mortgagee (as defined in the
        related GACC Mortgage Loan Purchase Agreement) the principal benefits intended to be provided by the Mortgage Note, Mortgage
        or other Mortgage Loan Documents. If no such notation is found, it will be a Test pass.
	MS
        Servicer Notices

	3.
        Mortgage Provisions. The Loan Documents for each GACC Mortgage Loan contain provisions that render the rights and
	3
	Review
        the Mortgage Loan Documents and Mortgagor’s Counsel Opinion for an indication that the
	Mortgage
        Loan Documents; Mortgagor’s Counsel Opinion

 

     Exhibit QQ-B-4

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	remedies
    of the holder thereof adequate for the practical realization against the Mortgaged Property of the principal benefits of the
    security intended to be provided thereby, including realization by judicial or, if applicable, non-judicial foreclosure subject
    to the limitations set forth in the Standard Qualifications.	 	Mortgage
    Loan Documents 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, non-judicial foreclosure subject to the limitations set forth in the Standard Qualifications.
    If such indication exists, it will be a Test pass.	 
	4.
        Mortgage Status; Waivers and Modifications. Since origination and except by written instruments set forth in the
        related Mortgage File or as otherwise provided in the related Loan Documents (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; (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 Borrower nor the related guarantor has been released from its material obligations under the GACC Mortgage
        Loan. With respect to each GACC Mortgage Loan, except as contained in a written document included in the Mortgage File,
        there have been no modifications, amendments or waivers, that could be reasonably expected to have a material adverse
        effect on such GACC Mortgage Loan consented to by the Mortgage Loan Seller on or after October 17, 2019.
	4a
	Review
        the MS Servicer Notices and Mortgage Loan Documents for an indication that the material terms of such documents have been
        waived, impaired, modified, altered, satisfied, cancelled, subordinated or rescinded in any respect, except by written
        instruments set forth in the related Mortgage File or as otherwise provided in the related Mortgage Loan Documents. If
        no such indication is found, it will be a Test pass.
	Mortgage
        Loan Documents; MS Servicer Notices

	4b
	Review
        the MS Servicer Notices and Mortgage Loan Documents for an indication that a 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 except
        by written instruments set forth in the related Mortgage File or as otherwise provided in the related Mortgage Loan Documents.
        If no such indication is found, it will be a Test pass.
	MS
        Servicer Notices; Mortgage Loan Documents

	4c
	Review
        the MS Servicer Notices and Mortgage Loan Documents for notation that neither the related Mortgagor nor the related guarantor
        has been released from its material obligations under the GACC Mortgage Loan except by written instruments set forth in
        the related Mortgage File or as otherwise provided in the related Mortgage Loan Documents. If no such notation is found,
        it will be a Test pass.
	MS
        Servicer Notices; Mortgage Loan Documents

	4d
	Review
        the MS Servicer Notices and Mortgage Loan
	MS
        Servicer Notices; Mortgage Loan

 

     Exhibit QQ-B-5

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	 	 	Documents
    for notation of a modification, amendment or waiver that could be reasonably expected to have a material adverse effect on
    such GACC Mortgage Loan that was consented to by the Mortgage Loan Seller on or after October 17, 2019. If no such notation
    is found, it will be a Test pass.	Documents
	5.
        Hospitality Provisions. The Loan Documents for each GACC Mortgage Loan that is secured by a hospitality property
        operated pursuant to a franchise or license agreement includes an executed comfort letter or similar agreement signed
        by the related Borrower and franchisor or licensor of such property that, subject to the applicable terms of such franchise
        or license agreement and comfort letter or similar agreement, is enforceable by the Trust (or, in the case of a Non-Serviced
        Mortgage Loan, by the Non-Serviced Trust) against such franchisor or licensor either (A) directly or as an assignee of
        the originator, or (B) upon the Mortgage Loan Seller’s or its designee’s providing notice of the transfer
        of the Mortgage Loan to the Trust (or, in the case of a Non-Serviced Mortgage Loan, by the seller of the note which is
        contributed to the Non-Serviced Trust or its designee providing notice of the transfer of such note to the Non-Serviced
        Trust) in accordance with the terms of such executed comfort letter or similar agreement, which the Mortgage Loan Seller
        or its designee (except in the case of a Non-Serviced Mortgage Loan) shall provide, or if neither (A) nor (B) is applicable,
        except in the case of a Non-Serviced Mortgage Loan, the Mortgage Loan Seller or its designee shall apply for, on the Trust’s
        behalf, a new comfort letter or similar agreement as of the Closing Date. The mortgage or related security agreement for
        each GACC Mortgage Loan secured by a hospitality property creates a security interest in the revenues of such property
        for which a UCC financing statement has been filed in the appropriate filing office. For the avoidance of doubt, no representation
        is made as to the perfection of any security interest in revenues to the extent that possession or control of such items
        or actions other than the filing of Uniform Commercial Code financing statements is required to effect such perfection.
	5a
	Review
        the appraisals to determine if any of the properties are specifically identified as hospitality properties. If so, review
        the Mortgage File to determine if there exists a franchise or license agreement and executed comfort letter or other similar
        agreement signed by the related Mortgagor and franchisor or licensor that, subject to the applicable terms of such franchise
        or license agreement and comfort letter or similar agreement, is enforceable by the Trust against such franchisor or licensor,
        either (A) directly or as an assignee of the originator, or (B) upon the Mortgage Loan Seller’s or its designee’s
        providing notice of the transfer of the GACC Mortgage Loan to the Trust in accordance with the terms of such executed
        comfort letter or similar agreement, which the Mortgage Loan Seller or its designee shall provide. If so determined with
        respect to each part of this Test, it will be a Test pass.
	Appraisal;
        mortgage file; franchise agreement; Comfort letter or similar agreement signed by or from such franchisor

	5b
	If
        the appraisals specifically identify any Mortgaged Properties as hospitality properties, review the security agreement
        for each Mortgaged Property to determine if there are provisions related to creating a security interest in the revenues
        of such property. Also, review the Mortgage File to determine if there exist filed copies (bearing evidence of filing)
        or evidence of filing of any related UCC financing statements, related amendments and continuation statements. If so determined
        with respect to each part of this Test, it will be a Test pass.
	UCC
        filings; Appraisal; Mortgage File

 

     Exhibit QQ-B-6

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	6.
        Lien; Valid Assignment. Subject to the Standard Qualifications, each assignment of Mortgage and assignment of Assignment
        of Leases, Rents and Profits to the Trust (or, with respect to a Non-Serviced Mortgage Loan, to the related Non-Serviced
        Trustee) constitutes a legal, valid and binding assignment to the Trust (or, with respect to a Non-Serviced Mortgage Loan,
        to the related Non-Serviced Trustee). Each related Mortgage and Assignment of Leases, Rents and Profits is freely assignable
        without the consent of the related Borrower. Each related Mortgage is a legal, valid and enforceable first lien on the
        related Borrower’s fee or leasehold interest in the Mortgaged Property in the principal amount of such GACC Mortgage
        Loan or allocated loan amount (subject only to Permitted Encumbrances (as defined below) and the exceptions to representation
        and warranty 7 set forth in Exhibit C of the related GACC Mortgage Loan Purchase Agreement (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 Mortgage Loan 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 (which lien secures the related Whole Loan, in the case of a Mortgage Loan that is part of a Whole Loan), except
        those which are bonded over, escrowed for or insured against by a lender’s title insurance policy (as described
        below), and, to the Mortgage Loan 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 in the Mortgage Loan Purchase Agreement 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
	6a
	Review
        the MS Servicer Notices for a notation or other indication of any claim or assertion regarding any assignment of Mortgage
        or Assignment of Leases, Rents and Profits to the Trust (or, with respect to a Non-Serviced Mortgage Loan, the related
        Non-Serviced Trustee) not constituting a legal, valid and binding assignment to the Trust (or, with respect to a Non-Serviced
        Mortgage Loan, the related Non-Serviced Trustee), subject to the Standard Qualifications. If such a notation or other
        indication is not found, it will be a Test pass.
	MS
        Servicer Notices

	6b
	Review
        the related Mortgage and the Assignment of Leases, Rents and Profits for each property for provisions to the effect that
        the related Mortgage and Assignment of Leases, Rents and Profits is not freely assignable without the consent of the related
        Mortgagor. If no such provision is found, it will be a Test pass.
	Mortgage;
        Assignment of Leases, Rents and Profits

	6c
	Review
        the Title Policy (as defined in representation and warranty 7) to determine if the related Mortgage is a first lien on
        the related Mortgagor’s fee (or with respect to those Mortgage

                                                                                                  

                                                                                                 Loans described in representation and warranty 35
        hereof, leasehold) interest in the Mortgaged Property. Compare the amount of the Title Policy to the principal amount
        of the GACC Mortgage Loan or allocated loan amount to determine whether they are equivalent. If each such determination
        is made, it will be a Test pass.
	Title
        Policy; Mortgage; Mortgage Loan Schedule

	6d
	Review
        the Title Policy to determine if the Mortgaged Property was 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 (which lien secures
        the related Whole Loan, in the case of a GACC Mortgage Loan that is part of a Whole Loan) (other than Permitted Encumbrances,
        Title Exceptions and those which are
	Title
        Policy

 

     Exhibit QQ-B-7

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	(“UCC”)
    financing statements is required in order to effect such perfection.	 	bonded
    over, escrowed for or insured against by the applicable Title Policy). If so determined, it will be a Test pass.	 
	6e
	Review
        the MS Servicer Notices for a notation or other indication of any claim or assertion that, as of the Cut-off Date, the
        Mortgage Loan Seller had knowledge that the Mortgaged Property was not free and clear of any recorded mechanics’
        liens, recorded materialmen’s liens and other recorded encumbrances that would be prior to or equal with the lien
        of the related Mortgage (which lien secures the related Whole Loan, in the case of a GACC Mortgage Loan that is part of
        a Whole Loan) (other than Permitted Encumbrances, Title Exceptions and those which are bonded over, escrowed for or insured
        against by the applicable Title Policy). If such a notation or other indication is not found, it will be a Test pass.
	MS
        Servicer Notices

	6f
	Review
        the MS Servicer Notices for a notation or other indication of any claim or assertion that, subject to the rights of tenants,
        there are rights existing 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 (which lien secures the related Whole Loan, in the case of a GACC Mortgage Loan
        that is part of a Whole Loan), except for Permitted Encumbrances and those which are bonded over, escrowed for or insured
        against by the a lender’s title insurance policy. If such a notation or other indication is not found, it will be
        a Test pass.
	MS
        Servicer Notices

	6g
	Review
        the MS Servicer Notices for a notation or other indication of any claim or assertion that the Mortgage Loan Seller did
        not have 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 or good and marketable title free and clear of any pledge, lien,
        encumbrance or security interest. If such a notation or other indication is not found, it will be a Test pass.
	MS
        Servicer Notices

 

     Exhibit QQ-B-8

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	7.
        Permitted Liens; Title Insurance. Each Mortgaged Property securing a GACC 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 GACC Mortgage Loan (or with respect to a GACC 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 secures the related Whole Loan, in the case of a Mortgage Loan that is part of a Whole Loan), which lien is subject
        only to (a) the lien of current real property taxes, water charges, sewer rents and assessments not yet due and payable;
        (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; and (f) if the related GACC Mortgage Loan is cross-collateralized and cross-defaulted
        with another GACC Mortgage Loan or a Whole Loan or is part of a Whole Loan that is cross-collateralized and cross-defaulted
        with another Whole Loan (each, a “Crossed Mortgage Loan”), the lien of the Mortgage for such other
        GACC Mortgage Loan that is cross-collateralized and cross-defaulted with such Crossed Mortgage Loan or with the Whole
        Loan of which such Crossed Mortgage Loan is a part, provided that none of which items (a) through (f), 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 Borrower’s ability to pay its obligations when they become
        due (collectively, the “Permitted Encumbrances”). Except as contemplated by clause (f)  of the
        preceding sentence, none of the Permitted Encumbrances are mortgage liens that are senior to or
	7a
	Review
        the Title Policy to determine if it is an American Land Title Association loan title insurance policy or another comparable
        form of loan title insurance policy approved for use in the applicable jurisdiction. Review the Mortgage Loan Documents
        to determine if the amount of the policy covers the amount of the GACC Mortgage Loan, or for multiple properties, an amount
        equal to the allocated loan amount after all advances of principal. If so determined with respect to each part of this
        Test, it will be a Test pass.
	Title
        Policy; Mortgage Loan Documents

	7b
	Review
        the Title Policy to determine if the first-priority lien of the Mortgage (which lien secures the related Whole Loan, in
        the case of a Mortgage Loan that is part of a Whole Loan) is subject only to Permitted Encumbrances, as defined in representation
        and warranty 7. If so determined, it will be a Test pass.
	Title
        Policy

	7c
	Review
        the Title Policy to determine if any Permitted Encumbrance is a mortgage lien that is senior to or coordinate and co-equal
        to the lien of the related Mortgage, other than as contemplated by item (f) in the definition of Permitted Encumbrances.
        If not so determined, it will be a Test pass.
	Title
        Policy

	7d
	Review
        the Title Policy and MS Servicer Notices for a notation or other indication that the coverage is not in full force and
        effect as of the Closing Date, that all premiums thereon have not been paid or that claims have been made by the Mortgage
        Loan Seller. If no such notation or other indication is found, it will be a Test pass.
	Title
        Policy; MS Servicer Notices

	7e
	Review
        the MS Servicer Notices for a notation or other indication that the Mortgage Loan Seller, or any other holder of the GACC
        Mortgage Loan, has done, by act or omission, anything that would materially impair the coverage under such policy. If
        such a notation or other indication is not found, it will be a Test pass.
	MS
        Servicer Notices

 

     Exhibit QQ-B-9

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	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 Mortgage
    Loan Seller thereunder and no claims have been paid thereunder. Neither the Mortgage Loan Seller, nor to the Mortgage Loan
    Seller’s knowledge, any other holder of the GACC Mortgage Loan, has done, by act or omission, anything that would materially
    impair the coverage under such Title Policy.	 	 	 
	8.
        Junior Liens. It being understood that B notes secured by the same Mortgage as a GACC Mortgage Loan are not subordinate
        mortgages or junior liens, except for any Crossed Mortgage Loan, there are, as of origination, and to the Mortgage Loan
        Seller’s knowledge, as of the Cut-off Date, 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 representation and warranty 6
        above), and equipment and other personal property financing). Except as set forth in Schedule B-1 to Exhibit B to the
        GACC Mortgage Loan Purchase Agreement, the Mortgage Loan Seller has no knowledge of any mezzanine debt secured directly
        by interests in the related Borrower.
	8a
	Review
        the Title Policy to determine if there is any subordinate mortgage or junior lien encumbering the related Mortgaged Property,
        except for any Crossed Mortgage Loans. If not so determined, it will be a Test pass.
	Title
        Policy

	8b
	Review
        the Title Policy to determine if, as of origination and the Cut-off Date, there are no subordinate mortgages or junior
        mortgage 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 and equipment and other
        personal property financing. If so determined, it will be a Test pass.
	Title
        Policy

	8c
	Review
        the MS Servicer Notices for a notation or other indication that, except as set forth in Schedule B-1 to Exhibit B of the
        GACC Mortgage Loan Purchase Agreement, the Mortgage Loan Seller had knowledge of: (1) any mezzanine debt secured directly
        by interests in the related Mortgagor or (2) any 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 If such a notation or other indication is not found, it will be a Test pass.
	MS
        Servicer Notices; GACC Mortgage Loan Purchase Agreement

	9.
        Assignment of Leases, Rents and Profits. There exists as part of the related Mortgage File an Assignment of Leases,
        Rents and
	9a
	Review
        the Mortgage File to determine if an Assignment of Leases, Rents and Profits (either as a
	Mortgage
        File; Assignment of Leases, Rents and Profits

 

     Exhibit QQ-B-10

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	Profits
    (either as a separate instrument or incorporated into the related Mortgage).  Subject to the Permitted Encumbrances
    and the Title Exceptions (and, in the case of a GACC Mortgage Loan that is part of a Whole Loan, subject to the related Assignment
    of Leases, Rents and Profits constituting security for the entire Whole Loan), each related Assignment of Leases, Rents and
    Profits 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 Borrower 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, Rents and Profits, subject to applicable law, provides that, upon an event of default
    under the GACC 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.	 	separate
    instrument or incorporated into the related Mortgage) is in the Mortgage File. If so determined, it will be a Test pass.	 
	9b
	Review
        the Title Policy to determine if, subject to the Permitted Encumbrances and the Title Exceptions (and, in the case of
        a GACC Mortgage Loan that is part of a Whole Loan, subject to the related Assignment of Leases, Rents and Profits constituting
        security for the entire Whole Loan) the Mortgage, or any related Assignment of Leases, Rents and Profits, has been recorded,
        and 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. If so determined
        with respect to each part of this Test, it will be a Test pass.
	Title
        Policy; Mortgage; Assignment of Leases, Rents and Profits

	9c
	Review
        the Assignment of Leases, Rents and Profits (either as a separate instrument or incorporated into the related Mortgage)
        to determine if the related Mortgage, or related Assignment of Leases, subject to applicable law, provides that upon an
        event of default under the GACC 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 or for the related Mortgagee to enter
        into possession to collect the rents or for rents to be paid directly to the Mortgagee. If so determined, it will be a
        Test pass.
	Assignment
        of Leases, Rents and Profits; Mortgage

	10.
        UCC Filings. If the related Mortgaged Property is operated as a hospitality property, the Mortgage Loan Seller
        has filed and/or recorded or caused to be filed and/or recorded (or, if not filed and/or recorded, have been submitted
        in proper form for filing and/or recording), UCC financing statements in the appropriate
	10
	If
        the related Mortgaged Property is operated as a hospitality property, review the MS Servicer Notices for a notation or
        other indication of inappropriately filed or nonexistent UCC-1 financing statements. If such a notation or other indication
        is not found, it will
	MS
        Servicer Notices

 

     Exhibit QQ-B-11

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	public
    filing and/or recording offices necessary at the time of the origination of the GACC 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
    Borrower 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.	 	be
    a Test pass.	 
	11.
Condition of Property. The Mortgage Loan Seller or the originator of the GACC Mortgage Loan inspected or caused to be inspected
each related Mortgaged Property within six months of origination of the GACC Mortgage Loan and within twelve months of the Cut-off
Date.

                                                                                                                                            

                                                                                                                                           An engineering report or property condition assessment was prepared in connection with the origination of each GACC Mortgage
Loan no more than twelve months prior to the Cut-off Date. To the Mortgage Loan 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 (i) any damage or deficiency that is estimated
to cost less than $50,000 to repair, (ii) any deferred maintenance for which escrows were established at origination and (iii)
any damage fully covered by insurance) that would affect materially and adversely the use or value of such Mortgaged Property
as security for the GACC Mortgage Loan.
	11a
	Review
        the engineering report or property condition assessment in the Mortgage File to determine if it is dated within six months
        of the origination date. If so determined, it will be a Test pass.
	Engineering
        report; Property condition assessment

	11b
	Review
        the engineering report or property condition assessment in the Mortgage File to determine if it was dated no more than
        twelve months prior to the Cut-off Date. Review the engineering report or property condition assessment to confirm that
        each related Mortgaged Property is free of material damage. If so determined with respect to each part of the Test, it
        will be a Test pass.
	Engineering
        report; Property condition assessment

	11c
	Review
        the MS Servicer Notices for a notation or other indication that the Mortgage Loan Seller had knowledge of issues with
        the physical condition of the Mortgaged Property that the Mortgage Loan Seller believed would have a material adverse
        effect on the value or use of the Mortgaged Property other than those disclosed in the most recently dated engineering
        report
	MS
        Servicer Notices

 

     Exhibit QQ-B-12

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	 	 	or
    Servicing File and those addressed in sub-clauses (i), (ii) and (iii) of this representation and warranty 11. If such a notation
    or other indication is not found, it will be a Test pass.	 
	12.
        Taxes and Assessments. All taxes, governmental assessments and other outstanding governmental charges (including,
        without limitation, water and sewage charges), or installments thereof, that 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 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
	Review
        the MS Servicer Notices for a notation or other indication that 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 Mortgage Property that would be of equal or superior priority to the lien of the Mortgage and that
        prior to the Cut-off Date have come delinquent in respect of the Mortgaged Property have not been 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. If such a notation or other indication is not found, it will be a Test pass.
	MS
        Servicer Notices

	13.
        Condemnation. As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Cut-off
        Date, there is no proceeding pending, and, to the Mortgage Loan 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
	Review
        the MS Servicer Notices for a notation or other indication of any proceeding pending or threatened for the total or partial
        condemnation of such Mortgaged Property as of the Cut-off Date and as of the origination date, or for a notation or other
        indication that the Mortgage Loan Seller had knowledge as of the Cut-off Date and as of the origination date of any such
        proceeding that would have a material adverse effect on the value, use or operation of the Mortgaged Property. If such
        a notation or other indication is not found, it will be a Test pass.
	MS
        Servicer Notices

	14.
        Actions Concerning Mortgage Loan. As of the date of origination and to the Mortgage Loan 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 Borrower, guarantor, or Borrower’s interest in the Mortgaged Property, an adverse outcome of which
        would reasonably be expected to materially and adversely affect (a) such Borrower’s
	14a
	Review
        the Mortgage Loan Documents, the Mortgagor’s Counsel Opinion and the MS Servicer Notices for an indication of pending
        or filed action, suit or proceeding, arbitration or governmental investigation involving any Mortgagor, guarantor, or
        Mortgagor’s interest in the Mortgaged Property that existed on the origination date. If such an indication is
	Mortgage
        Loan Documents; Mortgagor’s Counsel Opinion; MS Servicer Notices

 

     Exhibit QQ-B-13

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	title
    to the Mortgaged Property, (b) the validity or enforceability of the Mortgage, (c) such Borrower’s ability to perform
    under the related GACC 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.	 	not
    found, it will be a Test pass.	 
	14b
	Review
        the MS Servicer Notices to determine if an adverse outcome of any such pending, filed or threatened action, suit or proceeding,
        arbitration or governmental investigation involving any Mortgagor, guarantor, or Mortgaged Property would reasonably be
        expected to adversely affect the matters set forth in clauses (a)-(f) of representation and warranty 14. If any such adverse
        outcome would not reasonably be expected to adversely affect the matters set forth in clauses (a)-(f) of representation
        and warranty 14, it will be a Test pass.
	MS
        Servicer Notices

	15.
        Escrow Deposits. All escrow deposits and payments required to be escrowed with lender pursuant to each GACC Mortgage
        Loan are in the possession, or under the control, of the Mortgage Loan 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 lender under the related Loan Documents are being conveyed by the Mortgage
        Loan Seller to Purchaser or its servicer (or, with respect to any Non-Serviced Mortgage Loan, to the related Non-Serviced
        Depositor or Non-Serviced Master Servicer).
	15a
	Review
        the MS Servicer Notices for a notation or other indication of any escrow deposits and payments required to be escrowed
        with the lender pursuant to each GACC Mortgage Loan not in the servicer’s possession or control. If such a notation
        or other indication is not found, it will be a Test pass.
	MS
        Servicer Notices

	15b
	Review
        the MS Servicer Notices to determine if all escrows and deposits required pursuant to the GACC Mortgage Loan have been
        conveyed by the Mortgage Loan Seller to the Purchaser or its servicer (or, with respect to any Non-Serviced Mortgage Loan,
        to the related Non-Serviced Depositor or Non-Serviced Master Servicer). If so determined, it will be a Test pass.
	MS
        Servicer Notices

	16.
        No Holdbacks. The Stated Principal Balance as of the Cut-off Date of the GACC Mortgage Loan set forth on the mortgage
        loan schedule attached as Exhibit A to the Mortgage Loan Purchase Agreement 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 GACC 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 Borrower or other considerations determined by Mortgage Loan Seller to merit such holdback).
	16a
	Review
        the Mortgage Loan Schedule, Loan Agreement, Mortgage Note and origination settlement statement to determine if the principal
        amount of the GACC Mortgage Loan was fully disbursed as of the Closing Date. If so determined, it will be a Test pass.
	Mortgage
        Loan Schedule; Loan Agreement; Mortgage Note; Origination settlement statement

	16b
	Review
        the Mortgage Loan Documents to determine if there is no requirement for future advances by the Mortgagee (except in those
        cases where the full amount of the GACC Mortgage Loan has been disbursed but a portion thereof is being held in escrow
        or reserve
	Mortgage
        Loan Documents

 

     Exhibit QQ-B-14

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	 	 	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 Mortgage Loan Seller to merit such holdback).
    If so determined, it will be a Test pass.	 
	17.
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 meeting the Insurance Ratings Requirements (as defined
below) in an amount (subject to a customary deductible) not less than the lesser of (1) the original principal balance of the
GACC Mortgage Loan and (2) the full insurable value on a replacement cost basis of the improvements, furniture, furnishings, fixtures
and equipment owned by the Borrower 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.

                                                                                                                                            

                                                                                                                                           “Insurance Ratings Requirements” means either
(i) a claims paying or financial strength rating of any of the following; (a) at least “A-:VIII” from A.M. Best Company,
(b) at least “A3” (or the equivalent) from Moody’s Investors Service, Inc. or (c) at least “A-”
from S&P Global Ratings or (ii) the Syndicate Insurance Ratings Requirements. “Syndicate Insurance Ratings Requirements”
means insurance provided by a syndicate of insurers, as to which (i) if such syndicate consists of 5 or more members, at least
60% of the coverage is provided by insurers that meet the Insurance Ratings Requirements (under clause (1) of the definition of
such term) and up to 40% of the coverage is provided by insurers that have a claims paying or financial strength rating of at
least “BBB-” by S&P Global Ratings or at least “Baa3” by Moody’s Investors Service, Inc., and
(ii) if such syndicate consists
	17a
	Review
        the Insurance Summary Report (or solely with respect to residential cooperative properties, review the insurance policies
        and/or certificates of insurance) to determine if it shows that the related Mortgaged Property is 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 Mortgage Loan Documents and the Insurance Rating Requirements, in an amount (subject to customary deductibles)
        not less than the lesser of (1) the original principal balance of any GACC 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 Mortgaged Property. If so determined, it will be a Test pass.
	Insurance
        Summary Report (solely with respect to residential cooperative properties, the insurance policies and/or certificates
        of insurance)

	17b
	Review
        the Mortgage Loan Documents for provisions requiring the insurance coverage as stated in Test 17a above. If such provisions
        are found, it will be a Test pass.
	Mortgage
        Loan Documents

	17c
	Review
        the Insurance Summary Report (or, solely with respect to residential cooperative properties, review the insurance policies
        and/or certificates of insurance) to determine if it shows that the related Mortgaged Property is insured for business
        interruption or rental
	Insurance
        Summary Report (solely with respect to residential cooperative properties, the insurance policies and/or certificates
        of insurance)

 

     Exhibit QQ-B-15

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	of
4 or fewer members, at least 75% of the coverage is provided by insurers that meet the Insurance Ratings Requirements (under clause
(1) of the definition of such term) and up to 25% of the coverage is provided by insurers that have a claims paying or financial
strength rating of at least “BBB-” by S&P Global Ratings or at least “Baa3” by Moody’s Investors
Service, Inc.

                                                                                                                                                        

                                                                                                                                                       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 GACC 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 having special flood hazards, the related Borrower
        is required to maintain insurance in the maximum amount available under the National Flood Insurance Program, plus such
        additional excess flood coverage in an amount as is generally required by the Mortgage Loan Seller originating mortgage
        loans for securitization.

         

        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 Borrower 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, in an amount not less
        than the lesser of (1) the original principal balance of the Mortgage Loan and (2) 100% of the full insurable value on
        a replacement cost basis of the improvements and personalty and fixtures owned by the Borrower and included in the related
        Mortgaged Property by an insurer meeting the Insurance Rating Requirements.

         

        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
	 	loss
    insurance which (subject to a customary deductible) covers a period of not less than 12 months (or with respect to a GACC
    Mortgage Loan on a single asset with a principal balance of $50 million or more, 18 months). If such provisions are found,
    it will be a Test pass.	 
	17d
	Review
        the Mortgage Loan Documents for provisions requiring the insurance coverage as stated in Test 17c above. If such provisions
        are found, it will be a Test pass.
	Mortgage
        Loan Documents

	17e
	Review
        the Mortgage Loan Documents and/or the survey to determine if any material part of the improvements, exclusive of a parking
        lot, located on the Mortgaged Property is in an area identified in the Federal Register by the Federal Emergency Management
        Agency as having “special flood hazards.” If so determined, review the Insurance Summary to determine whether
        the Mortgagor maintains insurance in the maximum amount available under the National Flood Insurance Program plus such
        additional excess flood coverage in an amount as is generally required by the Mortgage Loan Seller originating mortgage
        loans for securitization. If so determined, it will be a Test pass.
	Mortgage
        Loan Documents; Survey; Insurance Summary Report

	17f
	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, review the Insurance Summary Report to determine if the property is covered
        for windstorm and/or windstorm related perils and/or “named storms” or endorsement covering damage from windstorm
        and/or windstorm related perils and/or named storms in an amount not less than the lesser of (1) the original principal
        balance of the GACC Mortgage Loan and (2) 100% of the full insurable value on a replacement cost basis of the improvements,
        and personalty and fixtures owned by the Mortgagor and included in the related Mortgaged Property by an insurer meeting
        the
	Insurance
        Summary Report (solely with respect to residential cooperative properties, the insurance policies and/or certificates
        of insurance)

 

     Exhibit QQ-B-16

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	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 the Mortgage Loan Seller for loans originated for securitization, 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
        either the scenario expected limit (“SEL”) or the probable maximum loss (“PML”)
        for the Mortgaged Property in the event of an earthquake. In such instance, the SEL or PML, as applicable, 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 or PML, as applicable, would exceed 20% of the amount of the replacement costs of the improvements,
        earthquake insurance on such Mortgaged Property was obtained by an insurer rated at least “A:VIII” by A.M.
        Best Company or “A3” (or the equivalent) from Moody’s Investors Service, Inc. or “A-” by
        S&P Global Ratings in an amount not less than 100% of the SEL or PML, as applicable.

         

        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 GACC Mortgage Loan (or Whole Loan, if applicable), the lender (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 GACC Mortgage Loan (or Whole Loan, if applicable) 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 lender under the GACC 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
    Rating Requirements. If so determined with respect to each part of this Test, it will be a Test pass.	 
	17g
	Review
        the Insurance Summary Report dated before the Cut-off Date (or solely with respect to residential cooperative properties,
        review the insurance policies and/or certificates of insurance) and Mortgage Loan Documents to determine if the Mortgage
        Property is covered, and required to be covered pursuant to the related Mortgage 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 the Mortgage Loan Seller for loans originated for securitization, and in any event not less than $1 million per occurrence
        and $2 million in the aggregate. If so determined, it will be a Test pass.
	Insurance
        Summary Report (solely with respect to residential cooperative properties, the insurance policies and/or certificates
        of insurance); Mortgage Loan Documents

	17h
	Review
        the property condition assessment to determine if the properties are located in a seismic zone 3 or 4. If so determined,
        review the seismic engineering study to determine if it has been performed by an architectural or engineering consultant
        for the sole purpose of assessing either the scenario expected limit (“SEL”) or the probable maximum
        loss (“PML”) for the Mortgaged Property in the event of an earthquake and based on a 475-year return
        period, an exposure period of 50 years and a 10% probability of exceedance. If so determined, it will be a Test pass.
	Property
        condition assessment; Seismic engineering study

	17i
	Review
        the most recent seismic engineering study or Insurance Summary Report (or solely with respect to residential cooperative
        properties, review the insurance policies and/or certificates of insurance) to determine if the PML would exceed 20% of
        the amount of the replacement costs of the improvements, and if so, review to determine if earthquake insurance on such
        Mortgaged Property was obtained. If so determined, determine if the insurer is rated at least “A:VIII” by
	Seismic
        engineering study; Insurance Summary Report (solely with respect to residential cooperative properties, the insurance
        policies and/or certificates of insurance)

 

     Exhibit QQ-B-17

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	insurance
    policies will inure to the benefit of the Trustee (or, in the case of a GACC Mortgage Loan that is a Non-Serviced Mortgage
    Loan, the applicable Other Trustee).  Each related GACC Mortgage Loan obligates the related Borrower to maintain,
    or cause to be maintained, all such insurance and, at such Borrower’s failure to do so, authorizes the lender to maintain
    such insurance at the Borrower’s cost and expense and to charge such Borrower for related premiums.  All such insurance
    policies (other than commercial liability policies) require at least 10 days’ prior notice to the lender of termination
    or cancellation arising because of nonpayment of a premium and at least 30 days’ prior notice to the lender 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 Mortgage Loan Seller.	 	A.M.
    Best Company or “A3” (or the equivalent) from Moody’s Investors Service, Inc. or “A-” by S&P
    Global Ratings. The insurance amount should be not less than 100% of the SEL or the PML, as applicable. If so determined with
    respect to each part of the Test, it will be a Test pass.	 
	17j
	Review
        the Mortgage Loan Documents for provisions requiring that insurance proceeds in respect of a property loss 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 GACC Mortgage Loan, the lender (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 GACC Mortgage Loan or Whole Loan, as applicable, together with any accrued
        interest thereon. If such provisions are found, it will be a Test pass.
	Mortgage
        Loan Documents

	17k
	Review
        the MS Servicer Notices for a notation or other indication that insurance premiums are current as of the Cut-off Date.
        If such a notation or other indication is found, it will be a Test pass.
	MS
        Servicer Notices

	17l
	Review
        the Insurance Summary Report (or solely with respect to residential cooperative properties, review the insurance policies
        and/or certificates of insurance) to determine if the insurance policies name the lender under any GACC 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. If so determined, it will be a Test pass.
	Insurance
        Summary Report (solely with respect to residential cooperative properties, the insurance policies and/or certificates
        of insurance)

	17
        m
	Review
        the Insurance Summary Report (or solely with respect to residential cooperative properties, review the insurance policies
        and/or certificates of insurance) to determine if the insurance will inure to the benefit of the Trustee (or, in the case
        of a GACC Mortgage Loan
	Insurance
        Summary Report (solely with respect to residential cooperative properties, the insurance policies and/or certificates
        of insurance)

 

     Exhibit QQ-B-18

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	 	 	that
    is a Non-Serviced Mortgage Loan, the applicable Other Trustee). If so determined, it will be a Test pass.	 
	17n
	Review
        the Mortgage Loan Documents to determine if any GACC Mortgage Loan obligates the Mortgagor to maintain or cause to be
        maintained all such insurance and, at such Mortgagor’s failure to do so, authorizes the lender to maintain such
        insurance at the Mortgagor’s cost and expense and to charge such Mortgagor for related premiums. If so determined,
        it will be a Test pass.
	Mortgage
        Loan Documents

	17o
	Review
        the Insurance Summary Report (or solely with respect to residential cooperative properties, review the insurance policies
        and/or certificates of insurance) to determine if the insurance policies (other than commercial liability policies) require
        at least 10 days’ prior notice to the lender of termination or cancellation arising because of nonpayment of a premium
        and at least 30 days’ prior notice to the lender 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. If so
        determined, it will be a Test pass.
	Insurance
        Summary Report (solely with respect to residential cooperative properties, the insurance policies and/or certificates
        of insurance)

	17p
	Review
        the MS Servicer Notices for a notation or other indication that any notice described in Test 17o may have been received
        by the Mortgage Loan Seller. If such a notation or other indication is not found, it will be a Test pass.
	MS
        Servicer Notices

	18.
        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
	18a
	Review
        the zoning report, Title Policy and survey, engineering report or property condition assessment, the Sponsor Diligence
        and the ESA to determine if each Mortgaged Property 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. If so determined, it will be a Test pass.
	Zoning
        report; Title Policy; Survey; Engineering report or property condition assessment; Sponsor Diligence; ESA

	18b
	Review
        the zoning report, Title Policy and survey,
	Zoning
        report; Title Policy; Survey;

 

     Exhibit QQ-B-19

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	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 GACC Mortgage Loan requires the Borrower 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.	 	engineering
    report or property condition assessment, the Sponsor Diligence and the ESA to determine if each Mortgaged Property 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. If so determined, it will be a Test pass.	Engineering
    report or property condition assessment; Sponsor Diligence; ESA
	18c
	Review
        the Title Policy and survey to determine if each Mortgaged Property constitutes one or more separate tax parcels and do
        not include any property which is not part of the Mortgaged Property or is subject to an endorsement under the most recently
        dated 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 any GACC 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. If so determined, it will be a Test pass.
	Title
        Policy; Survey; Mortgage Loan Documents

	19.
        No Encroachments. To Mortgage Loan Seller’s knowledge based solely on surveys obtained in connection with
        origination and the lender’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 GACC 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 GACC 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 or current use of such Mortgaged Property or for which insurance or endorsements were
	19a
	Review
        the survey and Title Policy to determine if all material improvements that were included for the purpose of determining
        the appraised value of the Mortgaged Property at the time of the origination of such GACC Mortgage Loan are within the
        boundaries of the related Mortgaged Property, except for 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.
        If so determined, it will be a Test pass.
	Survey;
        Title Policy; Appraisal

	19b
	Review
        the survey and Title Policy to determine if there exist improvements on adjoining parcels that encroach onto the Mortgaged
        Property that materially and adversely affect the value and current use of such Mortgage Property and for which insurance
        or endorsements were obtained under the Title Policy. If
	Survey;
        Title Policy; Appraisal

 

     Exhibit QQ-B-20

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	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
    obtained with respect to the Title Policy.	 	not
    so determined, it will be a Test pass.	 
	19c
	Review
        the survey and Title Policy to determine if there exist material improvements that 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 obtained with respect to the Title Policy. If not so determined, it will
        be a Test pass.
	Survey;
        Title Policy; Appraisal

	20.
        No Contingent Interest or Equity Participation. No GACC Mortgage Loan has a shared appreciation feature, any other
        contingent interest feature or a negative amortization feature (except that an ARD Loan may provide for the accrual of
        the portion of interest in excess of the rate in effect prior to the Anticipated Repayment Date) or an equity participation
        by the Mortgage Loan Seller.
	20
	Review
        the Mortgage Loan Documents for any shared appreciation feature or any other contingent interest feature, any negative
        amortization feature (except that an ARD Loan may provide for the accrual of the portion of interest in excess of the
        rate in effect prior to the Anticipated Repayment Date) or an equity participation by the Mortgage Loan Seller. If no
        such feature is found with respect to each part of this Test, it will be a Test pass.
	Mortgage
        Loan Documents

	21.
        REMIC. The GACC Mortgage Loan is a “qualified mortgage” within the meaning of Code Section 860G(a)(3)(but
        determined without regard to the rule in the U.S. Department of Treasury Regulations (the “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 GACC Mortgage Loan to the related Borrower at origination did not exceed the non-contingent principal
        amount of the GACC Mortgage Loan and (B) either: (a) such GACC 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 GACC Mortgage Loan (or related Whole Loan, if applicable) was originated at least equal to 80% of the
        adjusted issue price of the GACC Mortgage Loan (or related Whole Loan) on such date or (ii) at the Closing Date at least
        equal to 80% of the adjusted issue price of the GACC Mortgage Loan (or related Whole Loan, if applicable) 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
	21a
	Review
        the origination settlement statement and Mortgage Note to determine if the proceeds advanced by the Mortgagee did not
        exceed the non-contingent principal amount of the GACC Mortgage Loan. If so determined, it will be a Test pass.
	Origination
        settlement statement; Mortgage Loan

	21b
	Review
        the most recent appraisal and Mortgage Loan Documents to determine if either (a) the GACC 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 GACC Mortgage Loan (or related Whole Loan, if applicable) was originated
        at least equal to 80% of the adjusted issue price of any GACC Mortgage Loan (or related Whole Loan) on such date or (ii)
        at the Closing Date at least equal to 80% of the outstanding principal amount of the GACC Mortgage Loan (or related Whole
        Loan) on such date, provided that for purposes of clauses (i) and (ii) above, the fair market value of the real property
	Appraisal;
        Mortgage Loan Documents

 

     Exhibit QQ-B-21

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	any
    lien on the real property interest that is senior to the GACC Mortgage Loan and (B) a proportionate amount of any lien that
    is in parity with the GACC Mortgage Loan; or (b) substantially all of the proceeds of such GACC Mortgage Loan were used to
    acquire, improve or protect the real property which served as the only security for such GACC Mortgage Loan (other than a
    recourse feature or other third-party credit enhancement within the meaning of Section 1.860G-2(a)(1)(ii) of the Treasury
    Regulations). If the GACC 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 GACC 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 GACC Mortgage Loan was originated) or sub-clause
    (B)(a)(ii), including the proviso thereto. Any prepayment premium and yield maintenance charges applicable to the GACC
    Mortgage Loan constitute “customary prepayment penalties” within the meaning of Section 1.860G-1(b)(2) of the
    Treasury Regulations.  All terms used in this paragraph shall have the same meanings as set forth in the related
    Treasury Regulations.	 	interest
    must first be reduced by (A) the amount of any lien on the real property interest that is senior to such GACC Mortgage Loan
    and (B) a proportionate amount of any lien that is in parity with such GACC Mortgage Loan; or (b) substantially all of the
    proceeds of such GACC Mortgage Loan were used to acquire, improve or protect the real property which served as the only security
    for such GACC 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 so determined, it will be a Test pass.	 
	21c
	Review
        the MS Servicer Notices for an indication or other notation that the GACC Mortgage Loan was modified prior to the Closing
        Date, and if so, if the modification was made 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)(i) in the first sentence of representation and warranty 21 (substituting the date
        of the last such modification for the date any GACC Mortgage Loan was originated) or sub-clause (B)(ii) in the first sentence
        of representation and warranty 21, including the proviso thereto. If there were any such modifications, and such a notation
        or other indication is found, it will be a Test pass.
	MS
        Servicer Notices

	21d
	Review
        the MS Servicer Notices for a notation or other indication of any claim or assertion to the effect that the Prepayment
        Premiums and Yield Maintenance Charges applicable to any GACC Mortgage Loan do not constitute “customary prepayment
        penalties”. If such a notation or other indication is not found, it will be a Test pass.
	MS
        Servicer Notices

	22.
        Compliance with Usury Laws. The Mortgage Rate (exclusive of any default interest, late charges, yield maintenance
        charge, or prepayment premiums) of such GACC Mortgage Loan complied as of the date of origination with, or was exempt
        from, applicable
	22a
	Review
        the MS Servicer Notices for a notation or other indication of any claim or assertion to the effect that the terms of the
        GACC Mortgage Loan do not comply with applicable local, state, and federal laws in any
	MS
        Servicer Notices

 

     Exhibit QQ-B-22

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	state
    or federal laws, regulations and other requirements pertaining to usury.	 	material
    respect. If such a notation or other indication is not found, it will be a Test pass.	 
	22b
	Review
        the MS Servicer Notices for a notation or other indication of any claim or assertion to the effect that any material requirements
        pertaining to the origination of any GACC Mortgage Loan, including but not limited to, usury and any and all other material
        requirements of any federal, state or local law have not been complied with. If such a notation or other indication is
        not found, it will be a Test pass.
	MS
        Servicer Notices

	22c
	Review
        the Mortgage Loan Documents to determine if they provide that the GACC Mortgage Loan complied with usury laws. If so determined,
        it will be a Test pass.
	Mortgage
        Loan Documents

	23.
        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 transact and do business 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 GACC Mortgage Loan by the Trust.
	23
	Review
        the MS Servicer Notices for a notation or other indication of any claim or assertion that as of the date that the Mortgage
        Loan Seller or any prior Mortgagee held the Mortgage Note, each such holder of the Mortgage Note was not authorized to
        transact or do business in the jurisdiction in which each related Mortgaged Property is located. If such a notation or
        other indication is found, determine whether the failure to be so authorized could not materially and adversely affect
        the enforceability of such GACC Mortgage Loan by the Trust. If so determined, it will be a Test pass.
	MS
        Servicer Notices

	24.
        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 Mortgage Loan 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
	Review
        the Mortgage Loan Documents to determine if a trustee is appointed. If so determined, it will be a Test pass.
	Mortgage
        Loan Documents

	25.
        Local Law Compliance. To the Mortgage Loan 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
	25a
	Review
        the zoning report and title policy for an indication that there are no material violations of applicable zoning ordinances,
        building codes and land laws (collectively “Zoning Regulations”) with respect
	Zoning
        Report; Title Policy

 

     Exhibit QQ-B-23

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	other
    affirmative investigation of local law compliance consistent with the investigation conducted by the Mortgage Loan Seller
    for similar commercial, multifamily or, if applicable, manufactured housing community mortgage loans intended for securitization,
    with respect to the improvements located on or forming part of each Mortgaged Property securing a GACC Mortgage Loan as of
    the date of origination of such GACC Mortgage Loan and as of the Cut-off Date, there are no material violations of applicable
    zoning ordinances, building codes and land laws (collectively “Zoning Regulations”) other than those which
    (i) constitute a legal non-conforming use or structure, as to which as the Mortgaged Property may be restored or repaired
    to the full extent necessary to maintain the use of the structure immediately prior to a casualty or the inability to restore
    or repair to the full extent necessary to maintain the use or structure immediately prior to the casualty would not materially
    and adversely affect the use or operation of the Mortgaged Property, (ii) are insured by the Title Policy or other insurance
    policy, (iii) are insured by law and ordinance insurance coverage in amounts customarily required by the Mortgage Loan Seller
    for loans originated for securitization that provides coverage for additional costs to rebuild and/or repair the property
    to current Zoning Regulations or (iv) would not have a material adverse effect on the GACC Mortgage Loan.  The terms
    of the Loan Documents require the Borrower to comply in all material respects with all applicable governmental regulations,
    zoning and building laws.	 	to
    the improvements located on or forming part of each Mortgaged Property securing a GACC Mortgage Loan as of the date of origination
    of such GACC Mortgage Loan (or related Whole Loan, as applicable) or as of the Cut-off Date, other than those which (i) constitute
    a legal non-conforming use or structure, as to which as the Mortgaged Property may be restored or repaired to the full extent
    necessary to maintain the use of the structure immediately prior to a casualty or the inability to restore or repair to the
    full extent necessary to maintain the use or structure immediately prior to the casualty would not materially and adversely
    affect the use or operation of the Mortgaged Property, (ii) are insured by the Title Policy or other insurance policy, (iii)
    are insured by law and ordinance insurance coverage in amounts customarily required by the Mortgage Loan Seller for loans
    originated for securitization that provides coverage for additional costs to rebuild and/or repair the property to current
    Zoning Regulations or (iv) would not have a material adverse effect on the GACC Mortgage Loan. If such indication is found,
    it will be a Test pass.	 
	25b
	Review
        the Mortgage Loan Documents for provisions that require the Mortgagor to comply in all material respects with all applicable
        governmental regulations, zoning and building laws. If such provisions are found, it will be a Test pass.
	Mortgage
        Loan Documents

	26.
        Licenses and Permits. Each Borrower 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 Mortgage Loan Seller’s knowledge based upon a letter from any government authorities, zoning consultant’s
        report or other affirmative investigation of local law compliance consistent with the investigation conducted by the Mortgage
        Loan Seller for similar commercial, multifamily or, if applicable, manufactured housing community mortgage loans intended
        for securitization, all such material licenses, permits and applicable governmental
	26a
	Review
        the Mortgage Loan Documents to determine if the Mortgagor has covenanted to keep all material licenses, permits and applicable
        governmental authorizations necessary for its operation of the Mortgaged Property in full force and effect. If so determined,
        it will be a Test pass.
	Mortgage
        Loan Documents

	26b
	Review
        the Mortgage Loan Documents and the MS Servicer Notices for a notation or other indication that the Mortgage Loan Seller
        had knowledge that any licenses, permits, franchises, certificates of occupancy and applicable governmental authorizations
        necessary
	Mortgage
        Loan Documents; MS Servicer Notices

 

     Exhibit QQ-B-24

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	authorizations
    are in effect.  The GACC Mortgage Loan requires the related Borrower to be qualified to do business in the jurisdiction
    in which the related Mortgaged Property is located.	 	for
    the operation of the Mortgaged Property are not in effect. If such a notation or other indication is not found, it will be
    a Test pass.	 
	26c
	Review
        the Mortgage Loan Documents for provisions requiring the related Mortgagor to be qualified to do business in the jurisdiction
        in which the Mortgaged Property is located. If such provisions are found, it will be a Test pass.
	Mortgage
        Loan Documents

	27.
        Recourse Obligations. The Loan Documents for each GACC Mortgage Loan provide that (a) the related Borrower and
        at least one individual or entity shall be fully liable for actual losses, liabilities, costs and damages arising from
        certain acts of the related Borrower and/or its principals specified in the related Loan Documents, which acts generally
        include the following: (i) acts of fraud or intentional material misrepresentation, (ii) misapplication or misappropriation
        of rents (if after an event of default under the Mortgage Loan), insurance proceeds or condemnation awards, (iii) intentional
        material physical waste of 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), and (iv) any breach of the environmental covenants
        contained in the related Loan Documents, and (b) the GACC Mortgage Loan shall become full recourse to the related Borrower
        and at least one individual or entity, if the related Borrower files a voluntary petition under federal or state bankruptcy
        or insolvency law.
	27a
	Review
        the Mortgage Loan Documents for each GACC Mortgage Loan for provisions outlined in clauses (a) (i) through (v) and (b)
        of the representation and warranty 27. If such provisions are found, it will be a Test pass.
	Mortgage
        Loan Documents

	28.
        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, or partial Defeasance (as defined in representation and warranty 33), 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 GACC Mortgage Loan, (b) upon payment in full of such GACC Mortgage
        Loan, (c) upon a Defeasance (as defined in representation and warranty 33), (d) releases of out-
	28a
	Review
        the Mortgage Loan Documents for provisions stating that, if the related Mortgage Loan Documents permit a property release,
        the only conditions under which a property may be released during the life of the GACC Mortgage Loan are as set forth
        in clauses (a) through (e) of the first sentence of representation and warranty 28. If such provisions are found, it will
        be a Test pass.
	Mortgage
        Loan Documents

	28b
	Review
        the Mortgage Loan Documents for provisions stating that with respect to any partial release described in clauses (a) or
        (d) of the first sentence of
	Mortgage
        Loan Documents

 

     Exhibit QQ-B-25

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	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 GACC 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 GACC Mortgage
        Loan within the meaning of Section 1.860G-2(b)(2) of the Treasury Regulations and (ii) would not cause the subject GACC
        Mortgage Loan to fail to be a “qualified mortgage” within the meaning of Code Section 860G(a)(3)(A); or (y)
        the mortgagee or servicer can, in accordance with the related Loan Documents, condition such release of collateral on
        the related Borrower’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), 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 GACC Mortgage
        Loan and (2) a proportionate amount of any lien on the real property that is in parity with the lien of the GACC Mortgage
        Loan) after the release is not equal to at least 80% of the principal balance of the GACC Mortgage Loan (or Whole Loan,
        as applicable) outstanding after the release, the Borrower is required to make a payment of principal in an amount not
        less than the amount required by the REMIC Provisions.

         

        In
        the case of any GACC Mortgage Loan, in the event of a condemnation or taking of any portion of a Mortgaged Property by
        a State or any political subdivision or authority thereof, whether by legal proceeding or by agreement, the Borrower can
        be required to pay down the principal balance of the GACC Mortgage Loan in an amount not less than the amount required
        by the REMIC Provisions and, to such extent, condemnation proceeds may not be required to be applied to the restoration
        of the Mortgaged Property or released to the Borrower, 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
	 	representation
    and warranty 28 either: (x) such release of collateral (i) would not constitute a “significant modification” of
    the subject GACC Mortgage Loan within the meaning of Section 1.860G-2(b)(2) of the Treasury Regulations and (ii) would not
    cause the subject GACC Mortgage Loan to fail to be a “qualified mortgage” within the meaning of Section 860G(a)(3)(A);
    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), 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 GACC Mortgage Loan and (2) a proportionate
    amount of any lien on the real property that is in parity with the GACC Mortgage Loan) after the release is not equal to at
    least 80% of the principal balance of the GACC Mortgage Loan or Whole Loan, as applicable, 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.
    If such provisions are found, it will be a Test pass.	 
	28c
	Review
        the Mortgage Loan Documents for provisions stating that in the case of any GACC Mortgage Loan, in the event of a taking
        of any portion of a Mortgaged Property by a State or any political subdivision or authority thereof, whether by legal
        proceeding or by agreement, the Mortgagor can be required to pay down the principal balance of the GACC Mortgage Loan
        or Whole Loans, as applicable, in an amount not less than the amount required by the REMIC Provisions and, to such extent,
        condemnation proceeds 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
	Mortgage
        Loan Documents

 

     Exhibit QQ-B-26

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	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 GACC Mortgage Loan and (2) a proportionate amount of any lien on the real property
        that is in parity with the lien of the GACC Mortgage Loan) is not equal to at least 80% of the remaining principal balance
        of the GACC Mortgage Loan (or Whole Loan, as applicable).

         

        No
        GACC Mortgage Loan that is secured by more than one Mortgaged Property or that is a Crossed Mortgage Loan permits the
        release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to a partial
        condemnation, other than in compliance with the loan-to-value ratio and other requirements of the REMIC Provisions.
	 	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 GACC Mortgage Loan and (2) a proportionate amount of any lien on the real property that is
    in parity with the GACC Mortgage Loan) is not equal to at least 80% of the remaining principal balance of the GACC Mortgage
    Loan or Whole Loan, as applicable. If such provisions are found, it will be a Test pass.	 
	28d
	Review
        the Mortgage Loan Documents for provisions stating that no GACC Mortgage Loan that is secured by more than one Mortgaged
        Property or that is a Crossed Mortgage Loan permits the release of cross-collateralization of the related Mortgaged Properties
        or a portion thereof, including due to a partial condemnation, other than in compliance with the loan-to-value ratio and
        other requirements of the REMIC Provisions. If such provisions are found, it will be a Test pass.
	Mortgage
        Loan Documents

	29.
        Financial Reporting and Rent Rolls. Each GACC Mortgage Loan requires the Borrower 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.
	29a
	Review
        the Mortgage Loan Documents for provisions that require the Mortgagor to provide the owner or holder of the Mortgage with
        quarterly (other than for single-tenant properties) and annual operating statements. If such provisions are found, it
        will be a Test pass.
	Mortgage
        Loan Documents

	29b
	Review
        the Mortgage Loan Documents for provisions that require the Mortgagor to provide the owner or holder of the GACC Mortgage
        Loan with 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. If such provisions are found, it will be a Test
        pass.
	Mortgage
        Loan Documents

	30.
        Acts of Terrorism Exclusion. With respect to each GACC 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
	30a
	Review
        the Mortgage Loan Documents to determine if the original principal balance was greater than $20 million. If so, review
        the insurance coverage review document for an indication that the special-form all-
	Mortgage
        Loan Documents; Insurance coverage review document

 

     Exhibit QQ-B-27

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	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 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 GACC Mortgage Loan, the related special-form 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 GACC
    Mortgage Loan, and, to the Mortgage Loan 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 GACC 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 except to the extent that any
    right to require such coverage may be limited by commercial availability on commercially reasonable terms, or as otherwise
    indicated on Exhibit C of the related GACC Mortgage Loan Purchase Agreement; provided, however, that if TRIA
    or a similar or subsequent statute is not in effect, then, provided that terrorism insurance is commercially available,
    the Borrower under each GACC Mortgage Loan is required to carry terrorism insurance, but in such event the Borrower shall
    not be required to spend on terrorism insurance coverage more than two times the amount of the insurance premium that is payable
    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)
    at such time, and if the cost of terrorism insurance exceeds such amount, the Borrower is required to purchase the maximum
    amount of terrorism insurance available with funds equal to such amount.	 	risk
    insurance policy and business interruption policy (issued by an insurer meeting the Insurance Rating Requirements) do not
    specifically exclude acts of terrorism, from coverage, or if they do, there exists a separate terrorism insurance policy related
    to the Mortgaged Property.  If such an indication is found, it will be a Test pass.	 
	30b
	Review
        the insurance policy to determine if, as of the Cut-off Date, the related special all-risk insurance policy and business
        interruption policy specifically excluded acts of terrorism from coverage, and if such coverage is excluded, the related
        Mortgaged Property was not covered by a separate terrorism insurance policy. If not so determined, it will be a Test pass.
	Mortgage
        Loan Documents; Insurance Policy

	30c
	Review
        the Mortgage Loan Documents for provisions that do not expressly waive or prohibit the Mortgagee from requiring coverage
        for Acts of Terrorism, as defined in TRIA (as defined in representation and warranty 30), or damages related thereto,
        except to the extent that any right to require such coverage may be limited by commercial availability on commercially
        reasonable terms, or as otherwise indicated on Exhibit C to the applicable GACC Mortgage Loan Purchase Agreement, provided,
        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 GACC Mortgage Loan is required to carry terrorism insurance, but in such event the
        Mortgagor shall not be required to spend on terrorism insurance coverage more than two times the amount of the insurance
        premium that is payable in respect of the property and business interruption/rental loss insurance required under the
        related Mortgage Loan Documents (without giving effect to the cost of terrorism and earthquake components of such casualty
        and business interruption/rental loss insurance) at such time, and if the cost of terrorism insurance exceeds such amount,
        the Mortgagor is required to purchase the maximum amount of terrorism insurance available with
	Mortgage
        Loan Documents

 

     Exhibit QQ-B-28

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	 	 	funds
    equal to such amount. If such provisions are not found, it will be a Test pass.	 
	31.
        Due on Sale or Encumbrance. Subject to specific exceptions set forth below, each GACC Mortgage Loan contains a
        “due on sale” or other such provision for the acceleration of the payment of the unpaid principal balance
        of such GACC 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 lender which are customarily acceptable to the Mortgage Loan Seller 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 Borrower, is directly or indirectly pledged, transferred or sold (in each case a “Transfer”),
        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 Borrower, (iv) Transfers to another holder of direct or indirect equity in the Borrower, 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,
        (vi) a substitution or release of collateral within the parameters of representations and warranties 28 and 33 or the
        exceptions thereto set forth in Exhibit C, or (vii) by reason of any mezzanine debt that existed at the origination of
        the related GACC Mortgage Loan as set forth on Schedule B-1 to Exhibit B of the GACC Mortgage Loan Purchase Agreement,
        or future permitted mezzanine debt as set forth on Schedule B-2 to Exhibit B 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 or any subordinate debt that existed at origination and is permitted under the related Loan Documents, (ii) purchase
        money security interests, (iii) any
	31a
	Review
        the Mortgage Loan Documents for “due on sale” or other such provisions for the acceleration of the payment
        of the unpaid principal balance of such GACC Mortgage Loan in the circumstances described in the first sentence of representation
        and warranty 31. If such provisions are found, it will be a Test pass.
	Mortgage
        Loan Documents

	31b
	Review
        the Mortgage Loan Documents for provisions that require that if 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 fees and expenses incurred by the lender relative to such transfer or encumbrance. If such provisions are found,
        it will be a Test pass.
	Mortgage
        Loan Documents

 

     Exhibit QQ-B-29

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	Crossed
    Mortgage Loan as set forth on Schedule B-3 to Exhibit B 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 Borrower is responsible for such payment along with all other reasonable fees and expenses incurred
    by the Mortgagee relative to such transfer or encumbrance.	 	 	 
	32.
        Single-Purpose Entity. Each GACC Mortgage Loan requires the Borrower to be a Single-Purpose Entity for at least
        as long as the GACC Mortgage Loan is outstanding. Both the Loan Documents and the organizational documents of the Borrower
        with respect to each GACC Mortgage Loan with a Cut-off Date Stated Principal Balance in excess of $5 million provide that
        the Borrower is a Single-Purpose Entity, and each GACC Mortgage Loan with a Cut-off Date Stated Principal Balance of $20
        million or more has a counsel’s opinion regarding non-consolidation of the Borrower. For this purpose, a “Single-Purpose
        Entity” shall mean an entity, other than an individual, whose organizational documents (or if the GACC Mortgage
        Loan has a Cut-off Date Stated Principal 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 GACC 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 Borrower for a Crossed Mortgage Loan), and that
        it holds itself out as a legal entity, separate and apart from any other person or entity.
	32a
	Review
        the Mortgage Loan Documents for provisions that require that the Mortgagor to be a Single-Purpose Entity (as defined in
        representation and warranty 32) for at least as long as any GACC Mortgage Loan is outstanding. If such provisions are
        found, it will be a Test pass.
	Mortgage
        Loan Documents

	32b
	Review
        the Mortgage Loan Schedule for the Cut-off Date Balance of the GACC Mortgage Loan. If the GACC Mortgage Loan had a Cut-off
        Stated Principal Date Balance in excess of $5 million, review the related Mortgage Loan Documents and the Mortgagor’s
        organizational documents for provisions that require the Mortgagor to be a Single-Purpose Entity. If the provisions exist,
        it will be a Test pass.
	Mortgage
        Loan Schedule; Mortgage Loan Documents; Mortgagor’s organizational documents

	32c
	Review
        the Mortgage Loan Schedule for the Cut-off Date Balance of the GACC Mortgage Loan. If the GACC Mortgage Loan had a Cut-off
        Stated Principal Date Balance in excess of $20 million, review the Borrower’s Counsel Opinion regarding non-consolidation
        of the Borrower. If such an opinion is found, it will be a Test pass.
	Mortgage
        Loan Schedule; Mortgagor’s Counsel Opinion

 

     Exhibit QQ-B-30

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	33.
        Defeasance. With respect to any GACC 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 Borrower, subject to satisfaction of conditions
        specified in the Loan Documents; (ii) the GACC Mortgage Loan cannot be defeased within two years after the Closing Date;
        (iii) the Borrower is permitted to pledge only United States “government securities” within the meaning of
        Section 1.860G-2(a)(8)(ii) of the Treasury Regulations, the revenues from which will, in the case of a full Defeasance,
        be sufficient to make all scheduled payments under the GACC 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 premium) or, if the GACC Mortgage Loan is an ARD Loan, the entire principal balance outstanding on
        the 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 premium), and if the GACC 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 GACC Mortgage Loan;
        (iv) the Borrower 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 clause (iii) above; (v) if
        the Borrower would continue to own assets in addition to the Defeasance collateral, the portion of the GACC 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 Borrower 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 Borrower is required to pay all rating agency fees
        associated with Defeasance (if rating confirmation is a specific condition precedent thereto) and all other reasonable
        expenses associated with Defeasance, including, but not limited to, accountant’s fees
	33
	Review
        the Mortgage Loan Documents for provisions allowing the GACC Mortgage Loan to be defeased, and if so, whether such Mortgage
        Loan Documents contain the provisions described in clauses (i) through (vii) of representation and warranty 33. If such
        provisions are found, it will be a Test pass.
	Mortgage
        Loan Documents

	 	 	 	 

 

     Exhibit QQ-B-31

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	and
    opinions of counsel.	 	 	 
	34.
        Fixed Interest Rates. Each GACC Mortgage Loan bears interest at a rate that remains fixed throughout the remaining
        term of such GACC Mortgage Loan, except in the case of any ARD Loan and situations where default interest is imposed.
	34
	Review
        the Mortgage Loan Documents for an indication that the loan has a fixed interest rate that remains fixed throughout the
        term of such GACC Mortgage Loan, except in the case of any ARD Loans and situations where default interest is imposed.
        If such an indication is found, it will be a Test pass.
	Mortgage
        Loan Documents

	35.
        Ground Leases. For purposes of the Mortgage Loan Purchase Agreement, 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, or with respect to air rights leases, the air, 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 GACC Mortgage Loan where the GACC 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 Mortgage Loan Seller, its successors and assigns, the Mortgage Loan 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;
	35a
	Review
        the appraisal to determine if the GACC Mortgage Loan is secured by a Ground Lease (as defined in representation and warranty
        35), in whole or in part. If so, review the Title Policy and Mortgage Loan Documents for an indication that the related
        Mortgage does not also encumber the lessor’s fee interest in the Mortgaged Property. If such an indication exists,
        proceed to Tests 35b through 35q.
	Appraisal;
        Title Policy; Mortgage Loan Documents

	35b
	Review
        the Title Policy and Mortgage Loan Documents for an indication that the Ground Lease or memorandum has been recorded or
        submitted for recordation. If such indication is found, it will be a Test pass.
	Title
        Policy; Mortgage Loan Documents

	35c
	Review
        the Ground Lease and any estoppel or other agreement received from the ground lessor for an indication that the interest
        of the lessee is permitted to be encumbered by the Mortgage and does not restrict the use of the Mortgaged Property by
        such lessee, its successors or assigns in a manner that would adversely affect the security provided by the Mortgage.
        If such indication is found, it will be a Test pass.
	Ground
        Lease; estoppel or other agreement received from ground lessor

	35d
	Review
        the Ground Lease received from the ground lessor for a provision that the Ground Lease may not be amended or modified
        or canceled or terminated without the prior written consent of the lender, and no such consent has been granted by the
        Mortgage Loan Seller since the origination of the GACC Mortgage Loan except as reflected in any written instruments which
        are included in the related Mortgage File. Review the MS
	Ground
        Lease; MS Servicer Notices; estoppel or other agreement received from ground lessor

 

     Exhibit QQ-B-32

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	(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 lender, and no such consent has been granted by the Mortgage Loan Seller since the origination
        of the GACC Mortgage Loan except as reflected in any written instruments which are included in the related Mortgage File;

         

        (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 Borrower or the mortgagee) that extends not less than 20 years beyond
        the stated maturity of the related GACC Mortgage Loan, or 10 years past the stated maturity if such GACC Mortgage Loan
        fully amortizes by the stated maturity (or with respect to a GACC Mortgage Loan that accrues on an actual 360 basis, substantially
        amortizes);

         

        (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 GACC Mortgage Loan and its successors and assigns without the consent of the lessor
        thereunder, and in the event it is so assigned, it is further assignable by the holder of the GACC Mortgage Loan and its
        successors and assigns without the consent of the lessor;

         

        (f)   The
        Mortgage Loan Seller has not received any written notice of material default under or notice of termination of such Ground
        Lease. To the Mortgage Loan Seller’s knowledge,
	 	Servicer
    Notices for an indication of such consent granted by the Mortgage Loan Seller since the origination of the GACC Mortgage Loan
    except as reflected in any instruments including in the related Mortgage File. If such a provision is found and no indication
    is found, it will be a Test pass.	 
	35e
	Review
        the Ground Lease and any estoppel or other agreement received from the ground lessor for an indication that it 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 GACC Mortgage Loan, or ten years past the stated maturity if such GACC Mortgage Loan fully amortizes by
        the stated maturity (or with respect to a GACC Mortgage Loan that accrues on an actual 360 basis, substantially amortizes).
        If such an indication is found, it will be a Test pass.
	Ground
        Lease; estoppel or other agreement received from ground lessor

	35f
	Review
        the Title Policy for an indication that the Ground Lease is 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. If either indication is found, it will be a Test
        pass.
	Title
        Policy; SNDA

	35g
	Review
        the Ground Lease and any estoppel or other agreement received from the ground lessor for an indication that 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 GACC Mortgage Loan and its successors and assigns without the consent of the lessor thereunder. If
        such indication is found, it will be a Test pass.
	Ground
        Lease; estoppel

 

     Exhibit QQ-B-33

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	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 Mortgage Loan 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 lender written
        notice of any default, and provides that no notice of default or termination is effective against the lender unless such
        notice is given to the lender;

         

        (h)   A
        lender is permitted a reasonable opportunity (including, where necessary, sufficient time to gain possession of the interest
        of the lessee under the Ground Lease through legal proceedings) to cure any default under the Ground Lease which is curable
        after the lender’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 the Mortgage
        Loan Seller in connection with loans originated for securitization;

         

        (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 clause (k) below) 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 lender 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 GACC Mortgage Loan,
        together with any accrued interest;
	35h
	Review
        the Ground Lease for an indication that in the event it is so assigned, it is further assignable by the holder of the
        GACC Mortgage Loan and its successors and assigns without the consent of the lessor. If such indication is found, it will
        be a Test pass.
	Ground
        Lease

	35i
	Review
        the MS Servicer Notices for notation that the Mortgage Loan Seller has received any written notice of material default
        under or notice of termination of such Ground Lease. If no such notation is found, it will be a Test pass.
	MS
        Servicer Notices

	35j
	Review
        the MS Servicer Notices for notation that to the Mortgage Loan Seller’s knowledge, there is a material default under
        such Ground Lease or 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. If no such notation is found, it will be a Test pass.
	MS
        Servicer Notices

	35k
	Review
        the MS Servicer Notices for a notation that to the Mortgage Loan Seller’s knowledge, such Ground Lease was not in
        full force and effect as of the Closing Date. If no such notation is found, it will be a Test pass.
	MS
        Servicer Notices

	35l
	Review
        the Ground Lease and any ancillary agreement between the lessor and lessee for provisions that the lessor is required
        to give to the lender written notice of any default, and provide that no notice of default or termination is effective
        against the lender unless such notice is given to the lender. If such provisions are found, it will be a Test pass.
	Ground
        Lease; ancillary agreement

	35
        m
	Review
        the Ground Lease and Related Documents for provisions that the lender is permitted a reasonable opportunity (including,
        where necessary, sufficient time to gain possession of the interest of the lessee under the Ground Lease through legal
        proceedings) to cure any default under the Ground Lease which is curable after the lender’s receipt of notice of
        any
	Ground
        Lease and Related Documents

 

     Exhibit QQ-B-34

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	(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 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 GACC Mortgage Loan, together with any accrued interest; and

         

        (l)   Provided
        that the lender cures any defaults which are susceptible to being cured, the ground lessor has agreed to enter into a
        new lease with lender upon termination of the Ground Lease for any reason, including rejection of the Ground Lease in
        a bankruptcy proceeding.
	 	default
    before the lessor may terminate the Ground Lease. If such provisions are found, it will be a Test pass.	 
	35n
	Review
        the Ground Lease for provisions that impose any commercially unreasonable restrictions on subletting in connection with
        loans originated for securitization. If no such provisions are found, it will be a Test pass.
	Ground
        Lease

	35o
	Review
        the Ground Lease and any estoppel or other agreement received from the ground lessor and the related Mortgage and the
        Mortgage Loan Documents for an indication that 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 clause (34(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 Mortgage Loan Documents) the lender 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 GACC Mortgage Loan, together with any accrued interest. If such indications are found, it will
        be a Test pass.
	Ground
        Lease; estoppel or other agreement received from ground lessor; Mortgage Loan Documents

	35p
	Review
        the Ground Lease and any estoppel or other agreement received from ground lessor and the Mortgage Loan Documents for an
        indication that, 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
	Ground
        Lease; estoppel or other agreement received from ground lessor; Mortgage Loan Documents

 

     Exhibit QQ-B-35

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	 	 	payment
    of the outstanding principal balance of the GACC Mortgage Loan, together with any accrued interest. If such an indication
    is found, it will be a Test pass.	 
	35q
	Review
        the Ground Lease for provisions that, provided that the lender cures any defaults which are susceptible to being cured,
        the ground lessor has agreed to enter into a new lease with the lender upon termination of the Ground Lease for any reason,
        including rejection of the Ground Lease in a bankruptcy proceeding. If such provisions are found, it will be a Test pass.
	Ground
        Lease

	36.
        Servicing. The servicing and collection practices used by the Mortgage Loan Seller with respect to the GACC Mortgage
        Loan have been, in all respects, legal and have met customary industry standards for servicing of commercial loans for
        conduit loan programs.
	36
	Review
        the MS Servicer Notices for a notation or other indication of any claims or assertions to the effect that the servicing
        and collection practices used by the Mortgage Loan Seller with respect to the GACC Mortgage Loan was not in all material
        respects legal, or in accordance customary industry standards for servicing of commercial loans for conduit loan programs.
        If such a notation or other indication is not found, it will be a Test pass.
	MS
        Servicer Notices

	37.
        Origination and Underwriting. The origination practices of the Mortgage Loan Seller (or the related originator
        if the Mortgage Loan Seller was not the originator) with respect to each GACC Mortgage Loan have been, in all material
        respects, legal and as of the date of its origination, such GACC Mortgage Loan 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 GACC 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 Exhibit B to the GACC Mortgage Loan Purchase
        Agreement.
	37
	Review
        the MS Servicer Notices for notation to the effect that the origination practices of the Mortgage Loan Seller (or the
        related originator if the Mortgage Loan Seller was not the originator) with respect to each GACC Mortgage Loan have not
        been, in all material respects, legal and as of the date of its origination, such GACC Mortgage Loan, or the origination
        thereof did not comply in all material respects with, or was exempt from, all requirements of federal, state or local
        law relating to the origination of such GACC Mortgage Loan; provided that representation and warranty 37 does not address
        or otherwise cover any matters with respect to federal, state or local law otherwise covered in Exhibit B to the GACC
        Mortgage Loan Purchase Agreement. If no such notation is found, it will be a Test pass.
	MS
        Servicer Notices; GACC Mortgage Loan Purchase Agreement

	38.
        No Material Default; Payment Record. No GACC Mortgage
	38a
	Review
        the MS Servicer Notices for notation that (i)
	MS
        Servicer Notices

 

     Exhibit QQ-B-36

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	Loan
    has been more than 30 days delinquent, without giving effect to any grace or cure period, in making required payments since
    origination, and as of the date hereof, no GACC 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 Mortgage Loan Seller’s knowledge, there is
    (a) no material default, breach, violation or event of acceleration existing under the related GACC 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 clause (a) or clause (b), materially and adversely
    affects the value of the GACC 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
    Mortgage Loan Seller in this Exhibit B to the GACC Mortgage Loan Purchase Agreement.  No person other than the holder
    of such GACC Mortgage Loan may declare any event of default under the GACC Mortgage Loan or accelerate any indebtedness under
    the Loan Documents.	 	the
    GACC Mortgage Loan has been more than 30 days delinquent, giving effect to any grace or cure period, in making required payments
    as of the Closing Date, or (ii) the GACC Mortgage Loan was delinquent beyond any applicable grace or cure periods as of the
    Cut-off Date. If no such notation is found, it will be a Test pass.	 
	38b
	Review
        the MS Servicer Notices for notation of the Mortgage Loan Seller’s knowledge of (a) a material default, breach,
        violation or event of acceleration existing under the related GACC Mortgage Loan, or (b) an 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 clause (a) or clause (b), materially and adversely affects the value of the GACC
        Mortgage Loan or the value, use or operation of the related Mortgaged Property. If no such notation is found, it will
        be a Test pass.
	MS
        Servicer Notices

	39.
        Bankruptcy. As of the date of origination of the related GACC Mortgage Loan and, to the Mortgage Loan Seller’s
        knowledge, as of the Cut-off Date, no related Borrower, guarantor or tenant occupying a single tenant property is a debtor
        in state or federal bankruptcy, insolvency or similar proceeding.
	39
	Review
        the Lexis/Nexis (or comparable search) and the MS Servicer Notices for an indication that a Mortgagor, guarantor or tenant
        occupying a single-tenant property was a debtor in, a state or federal bankruptcy, insolvency or similar proceeding. If
        no such indication or notation is found, it will be a Test pass.
	Lexis/Nexis
        (or comparable) search; MS Servicer Notices

	40.
        Organization of Mortgagor. With respect to each GACC Mortgage Loan, in reliance on certified copies of the organizational
        documents of the Borrower delivered by the Borrower in connection with the origination of such GACC Mortgage Loan, the
        Borrower 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 Crossed Mortgage Loan, no GACC Mortgage Loan
	40a
	Review
        the organizational documents of the Mortgagor to determine if there are certified copies indicating that 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. If such indication is found, it will be a Test pass.
	Organizational
        Documents of the Mortgagor

	40b
	Review
        the MS Servicer Notices to determine if there
	MS
        Servicer Notices; Prospectus

 

     Exhibit QQ-B-37

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	has
    a Borrower that is an Affiliate of another Borrower under another Mortgage Loan.  (An “Affiliate”
    for purposes of this paragraph (40) means, a Borrower that is under direct or indirect common ownership and control with another
    Borrower.)	 	is
    any indication that, except with respect to any GACC Mortgage Loan that is a cross-collateralized and Crossed Mortgage Loan,
    no GACC Mortgage Loan has a Mortgagor that is an affiliate of another Mortgagor under another GACC Mortgage Loan. If such
    an indication is found, it will be a Test pass.	 
	41.
        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 GACC Mortgage Loans, a Phase II environmental site assessment (collectively,
        an “ESA”) meeting ASTM requirements conducted by a reputable environmental consultant in connection
        with such GACC Mortgage Loan within 12 months prior to its origination date (or an update of a previous ESA was prepared),
        and such ESA either (i) did not identify the existence of recognized environmental conditions (as such term is defined
        in ASTM E1527-05 or its successor, hereinafter “Environmental Condition”) at the related Mortgaged
        Property or the need for further investigation with respect to any Environmental Condition that was identified, 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 Borrower and is held or controlled by the related lender;
        (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, and 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 Borrower that 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 Condition affecting the
        related Mortgaged Property was otherwise listed by such governmental authority as “closed”
	41a
	Review
        any ESA (as defined in representation and warranty 41) for indication that it met the ASTM requirements and was conducted
        by a reputable environmental consultant within 12 months prior to the origination date of the Mortgage Loan (or an update
        of a previous ESA prepared). If such an indication is found, it will be a Test pass.
	ESA

	41b
	Review
        the ESA for an indication that it identified (i) the existence of a Recognized Environmental Condition at the related
        Mortgaged Property or (ii) the need for further investigation with respect to any Environmental Condition that was identified.
        If no such indication is found, it will be a Test pass.
	ESA

	41c
	Review
        the ESA for an indication that it identified (i) the existence of a recognized environmental condition at the related
        Mortgaged Property or (ii) the need for further investigation with respect to any Environmental Condition that was identified.
        If such an indication is found, the following test procedures (subparts 41c-1 through 41c-6) will be performed. If any
        of the subparts indications are found, it will be a Test pass.
	ESA;
        Escrow Statements; Mortgage Loan Documents

	 	1.
        Review escrow statements for an indication that 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 Mortgagor and is held by the related Mortgagee.
	Escrow
        statements

	 	2.
        Review the ESA for an indication that if the only Environmental Condition relates to the presence of
	ESA;
        Mortgage Loan Documents

 

     Exhibit QQ-B-38

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	or
    a reputable environmental consultant has concluded that no further action is required); (D) a secured creditor environmental
    policy or a pollution legal liability insurance policy that covers liability for the Environmental Condition was obtained
    from an insurer rated no less than A- (or the equivalent) by Moody’s Investors Service, Inc., S&P Global Ratings
    and/or Fitch Ratings, Inc.; (E) a party not related to the Borrower was identified as the responsible party for such Environmental
    Condition and such responsible party has financial resources reasonably estimated to be adequate to address the situation;
    or (F) a party related to the Borrower having financial resources reasonably estimated to be adequate to address the situation
    is required to take action. To the Mortgage Loan Seller’s knowledge, except as set forth in the ESA, there is no Environmental
    Condition (as such term is defined in ASTM E1527-05 or its successor) at the related Mortgaged Property.	 	asbestos-containing
    materials, radon in indoor air or lead based paint or lead in drinking water, the only recommended action in the ESA is the
    institution of such a plan, and if so, a review of the Mortgage Loan Documents indicates that 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.	 
	 	3.
        Review any no further action or closure letter from the applicable governmental regulatory authority or a reputable environmental
        consultant for an indication that any Environmental Condition identified in the ESA was remediated or abated in all material
        respects prior to the Cut-off Date.
	No
        further action or closure letter regarding Environmental Condition

	 	4.
        Review the insurance coverage review documents for an indication that a secured creditor environmental policy or a pollution
        legal liability insurance policy that covers liability for the Environmental Condition was obtained from an insurer rated
        no less than A- (or the equivalent) by Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings,
        Inc.
	Insurance
        coverage review documents

	 	5.
        Review the Mortgage Loan Documents for an indication that a party not related to the Mortgagor was identified as the responsible
        party for the Environmental Condition and such responsible party has financial resources considered by the Mortgage Loan
        Seller to be adequate to address the situation.
	Mortgage
        Loan Documents

	 	6.
        Review the Mortgage Loan Documents for an indication that a party related to the Mortgagor having financial resources
        estimated by the Mortgage Loan Seller to be adequate to address the situation is required to take action.
	Mortgage
        Loan Documents

	41d
	Review
        the MS Servicer Notices for notation of the Mortgage Loan Seller’s knowledge of any environmental condition at the
        Mortgaged Property other than any set forth in the ESA or in the Prospectus.
	MS
        Servicer Notices; ESA

 

     Exhibit QQ-B-39

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	 	 	If
    no such notation is found, it will be a Test pass.	 
	42.
        Appraisal. The Servicing File contains an appraisal of the related Mortgaged Property with an appraisal date within
        6 months of the GACC Mortgage Loan origination date, and within 12 months of the Closing Date. The appraisal is signed
        by an appraiser who is either a Member of the Appraisal Institute (“MAI”) and/or has been licensed
        and certified to prepare appraisals in the state where the Mortgaged Property is located. 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 and
        has certified that such appraiser had no interest, direct or indirect, in the Mortgaged Property or the Borrower or in
        any loan made on the security thereof, and its compensation is not affected by the approval or disapproval of the GACC
        Mortgage Loan.
	42a
	Review
        the appraisal to determine if it was dated within 6 months of the GACC Mortgage Loan origination date and within 12 months
        of the Closing Date. If so determined, it will be a Test pass.
	Appraisal

	42b
	Review
        the appraisal to determine if it includes an appraiser’s certification or supplemental letter that indicates that the
        appraiser had no interest, direct or indirect, in the Mortgagor, the Mortgaged Property or any loan made on the security
        of the Mortgaged Property. If so determined, it will be a Test pass.
	Appraisal

	42c
	Review
        the appraisal to determine if it signed by an appraiser who is a Member of the Appraisal Institute (“MAI”)
        and/or has been licensed and certified to prepare appraisals in the state where the Mortgaged Property is located, and
        that the appraiser’s compensation is not affected by the approval or disapproval of the GACC Mortgage Loan. If so determined,
        it will be a Test pass.
	Appraisal

	42d
	Review
        the appraisal to determine if it includes documentation in the appraisal or a 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. If so determined, it will be a Test pass.
	Appraisal

	43.
        Mortgage Loan Schedule. The information pertaining to each GACC Mortgage Loan which is set forth in the mortgage
        loan schedule attached as Exhibit A to the Mortgage Loan Purchase Agreement is true and correct in all material
        respects as of the Cut-off Date and contains all information required by the Mortgage Loan Purchase Agreement to be contained
        therein.
	43a
	Review
        the Mortgage Loan Schedule attached as an exhibit to the related GACC Mortgage Loan Purchase Agreement and compare it
        to the corresponding information in (i) Annex A to the Prospectus (ii) Mortgage Loan Documents, (iii) PSA, and (iv) asset
        summary report to determine if there are discrepancies between the documents. If there are no such discrepancies, it will
        be a Test pass.
	Mortgage
        Loan Schedule; Annex A to Prospectus; Mortgage Loan Documents; Pooling and Servicing Agreement; Asset summary report

	43b
	Compare
        the information in the Mortgage Loan
	Mortgage
        Loan Schedule; PSA

 

     Exhibit QQ-B-40

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	 	 	Schedule
    to the requirements of the PSA to determine if they match. If there are no discrepancies, it will be a Test pass.	 
	44.
        Cross-Collateralization. No GACC Mortgage Loan is cross-collateralized or cross-defaulted with any mortgage loan
        that is outside the Trust, except (i) with respect to any GACC Mortgage Loan that is part of a Whole Loan, any other mortgage
        loan that is part of such Whole Loan and (ii) with respect to any Crossed Mortgage Loan, any mortgage loan that is part
        of a Whole Loan that is cross-collateralized and cross-defaulted with such Mortgage Loan or with a Whole Loan of which
        such Mortgage Loan is a part.
	44
	Review
        the Mortgage Loan Documents to determine if the GACC Mortgage Loan is cross-collateralized or cross-defaulted with any
        other Mortgage Loan that is outside the Mortgage Pool, except (i) with respect to any GACC Mortgage Loan that is part
        of a Whole Loan, any other mortgage loan that is part of such Whole Loan and (ii) with respect to any Crossed Mortgage
        Loan, any mortgage loan that is part of a Whole Loan that is cross-collateralized and cross-defaulted with such GACC Mortgage
        Loan or with a Whole Loan of which such GACC Mortgage Loan is a part. If not so determined, it will be a Test pass.
	Mortgage
        Loan Documents

	45.
        Advance of Funds by Mortgage Loan Seller. After origination, no advance of funds has been made by the Mortgage
        Loan Seller to the related Borrower other than in accordance with the Loan Documents, and, to the Mortgage Loan Seller’s
        knowledge, no funds have been received from any person other than the related Borrower or an affiliate for, or on account
        of, payments due on the GACC 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 lender-controlled lockbox if required or
        contemplated under the related lease or Loan Documents). Neither the Mortgage Loan Seller nor any affiliate thereof has
        any obligation to make any capital contribution to any Borrower under a GACC Mortgage Loan, other than contributions made
        on or prior to the date hereof.
	45a
	Review
        the MS Servicer Notices for a notation or other indication that an advancement of funds after origination had been made
        by the Mortgage Loan Seller to the related Mortgagor other than in accordance with the Mortgage Loan Documents, or that
        funds have been received from any person other than the related Mortgagor or an Affiliate for, or on account of, payments
        due on the GACC Mortgage Loan (other than as contemplated by the Mortgage Loan Documents, such as, by way of example and
        not in limitation of the foregoing, amounts paid by the tenant(s) into a lender controlled lockbox if required or contemplated
        under the related lease or Mortgage Loan Documents). If such a notation or other indication is not found, it will be a
        Test pass.
	MS
        Servicer Notices

	45b
	Review
        the Mortgage Loan Documents to determine if the Mortgage Loan Seller, or an Affiliate, has an obligation to make any capital
        contribution to the Mortgagor under a GACC Mortgage Loan, other than contributions made on or prior to the Closing Date.
        If not so determined, it will be a Test pass.
	Mortgage
        Loan Documents

	46.
        Compliance with Anti-Money Laundering Laws. Mortgage
	46
	Review
        the MS Servicer Notices for a notation or other
	MS
        Servicer Notices

 

     Exhibit QQ-B-41

     

     

	Representations
        and Warranties
	 
	Test
	Review
        Materials

	Loan
    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 GACC Mortgage Loan, the failure to comply with
    which would have a material adverse effect on the GACC Mortgage Loan.	 	indication
    of any claim or assertion that the Mortgage Loan Seller did not comply with its internal procedures with respect to all applicable
    anti-money laundering laws and regulations, including without limitation the USA Patriot Act of 2001 in connection with the
    origination of any GACC Mortgage Loan, the failure to comply with which would have a material adverse effect on the GACC Mortgage
    Loan. If such a notation or other indication is not found, it will be a Test pass.	 
	 	 	 	 

 

     Exhibit QQ-B-42

     

    

 

EXHIBIT QQ-C

 

CREFI ASSET REVIEW
PROCEDURES

 

Pursuant
to the terms and subject to the conditions set forth in the Pooling and Servicing Agreement (“PSA”), the Asset
Representations Reviewer (“Asset Representations Reviewer”) shall perform an Asset Review with respect to each
representation and warranty made by the related Mortgage Loan Seller only with respect to each Delinquent Loan in accordance with
the procedures set forth below (each such procedure, a “Test”); provided, however, the Asset Representations
Reviewer may, but is under no obligation to, modify any Test and/or associated Review Materials described in this Exhibit QQ-C
if, and only to the extent, the Asset Representations Reviewer determines pursuant to the Asset Review Standard that it is necessary
to modify such Test and/or such associated Review Materials in order to facilitate its Asset Review in accordance with the Asset
Review Standard. Capitalized terms used herein but not defined herein have the meaning set forth in the PSA or, solely with respect
to a representation and warranty, the meaning set forth in the related mortgage loan purchase agreement where CREFI is the Seller
(the “CREFI Mortgage Loan Purchase Agreement”). For the avoidance of doubt, in connection with the performance
of the following Tests:

 

		(A)	With respect to any representation and warranty that includes
a knowledge qualifier (e.g., to the Mortgage Loan Seller’s knowledge, etc.), the Asset Representations Reviewer shall
not be responsible for any investigation or review beyond that set forth in the applicable Test related to such representation
and warranty;

 

		(B)	With respect to any representation and warranty that includes
the examination of an insurance policy or Title Policy, the Asset Representations Reviewer will be permitted to engage a qualified
consultant to perform a review of the applicable policy, and will be allowed to rely upon the conclusions of the consultant when
making a determination as to whether there is a Test pass.

 

		(C)	The Asset Representations Reviewer shall be under no duty
to provide or obtain a legal opinion, legal review or legal conclusion;

 

		(D)	Unless otherwise provided in the Test, the “as of”
date for the testing of a representation is as of the Closing Date;

 

		(E)	Unless otherwise provided in the Test, if there is more
than one version of the same document with respect to a particular Mortgage Loan or Mortgaged Property, the document that will
be used by the Asset Representations Reviewer in testing is the document that is dated as of the Closing Date or, if none, the
document closest prior to the Closing Date;

 

		(F)	With respect to each representation and warranty and its
related Test(s), the Asset Representations Reviewer shall take into account any exceptions to such representation and warranty
described in the CREFI Mortgage Loan Purchase Agreement with respect to a Mortgage Loan, and a Test pass shall be deemed to have
occurred with respect to

 

    Exhibit QQ-C-1

     

    

 

such Test if the sole reason for not satisfying
the applicable Test is caused by such exception(s);

 

		(G)	Evidence of a failure of a Test could result from (i)
an affirmative determination by the Asset Representations Reviewer that the Test failed to achieve a Test pass, or (ii) a determination
by the Asset Representations Reviewer that the documentation included in the Review Materials (after making such request for any
missing documents in the manner provided for in the PSA) is not sufficient to perform the Test; and

 

		(H)	A determination by the Asset Representations Reviewer
of a Test pass or a Test failure shall not constitute a determination by the Asset Representations Reviewer of (i) the existence
or nonexistence of a Material Defect, or (ii) whether the Trust should enforce any rights it may have against the applicable Mortgage
Loan Seller.

 

The Asset
Representations Reviewer will only be required to perform the Tests described in this Exhibit QQ-C, and will not be obligated
to perform additional procedures on any Delinquent Loan, even if a different set of procedures or Review Materials could produce
a different outcome. Notwithstanding the required Tests, the Asset Representations Reviewer will not be required to review any
information other than (1) Review Materials specified in the related Test and (2) if applicable, Unsolicited Information. The Asset
Representations Reviewer may, but is under no obligation to, consider Unsolicited Information relevant to the Tests subject to
the terms of the PSA. If the Asset Representations Reviewer considers Unsolicited Information, the Asset Representations Reviewer
shall take into account such Unsolicited Information, in addition to the Review Materials referred to in the applicable Test(s)
procedure when making a determination as to whether there is a Test pass.

 

    Exhibit QQ-C-2

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

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

         
	
        1a

         
	
        Review the amounts listed on the original Mortgage
Note and Mortgage for an indication that they match the amounts listed on the Mortgage Loan Schedule. If the amounts are the same,
then such CREFI Mortgage Loan would be considered a Whole Loan. If there is more than one property then the Mortgage for each
Mortgaged Property would need to be aggregated. If identified as such, it will be a Test pass.
	
        Mortgage; Mortgage Note; Loan agreement related
to the CREFI Mortgage Loan (“Loan Agreement”); Mortgage Loan guaranty; Assignment of Leases, Rents and Profits;
and Environmental Indemnity Agreement (collectively, the “Mortgage Loan Documents”); Mortgage Loan Schedule.

	
        1b

         
	
        Review any notice previously delivered by the master
servicer or the special servicer, as applicable, of any alleged defect or breach with respect to any Delinquent Loan (collectively,
the “MS Servicer Notices”) for notation of any Mortgage Note or Mortgage that was subject to any assignment
(other than assignments to the Mortgage Loan Seller or, with respect to any Non- Serviced Mortgage Loan, to the related Non-Serviced
Trustee for the Other Securitization), participation or pledge, or that the Mortgage Loan Seller did not have good title to, and
was the sole owner of, each CREFI Mortgage Loan free and clear of any and all liens, charges, pledges, encumbrances, participations,
any other ownership interests on, in or to such CREFI Mortgage Loan other than any servicing rights appointment or similar agreement.
If no such notation is found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        1c

         
	
        Review the MS Servicer Notices for notation of
any claim or assertion regarding the Mortgage Loan Seller not having the full right and authority to sell, assign and transfer
the CREFI Mortgage Loan. If such notation is not found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        1d

         
	
        Review the MS Servicer Notices for notation of
any claim or assertion regarding the assignment to the Purchaser not constituting a legal, valid and binding assignment of such
CREFI Mortgage Loan free and clear of any and all liens, pledges, charges or security interests of any nature encumbering such
CREFI Mortgage Loan. If such notation is not found, it will be
	
        MS Servicer Notices

         

 

    Exhibit QQ-C-3

     

    

 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	 	 	a Test pass.	 
	
        2. Loan Document Status. Each related Mortgage Note,
        Mortgage, Assignment of Leases, Rents and Profits (if a separate instrument), guaranty and other agreement executed by or on behalf
        of the related borrower, guarantor or other obligor in connection with such CREFI Mortgage Loan is the legal, valid and binding
        obligation of the related Borrower, 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
sentences, there is no valid offset, defense, counterclaim or right of rescission available to the related Borrower 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 on intentional fraud by the Mortgage Loan Seller in connection with the origination of the
CREFI Mortgage Loan, that would deny the mortgagee the principal benefits intended to be provided by the Mortgage Note, Mortgage
or other Loan Documents.
	
        2a

         
	
        Review the opinion of Mortgagor’s counsel
(“Mortgagor’s Counsel Opinion”) for an indication that it contains language that the related Mortgage Note,
Mortgage, Assignment of Leases, Rents and Profits (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 CREFI Mortgage Loan is the legal, valid and binding
obligation of the related Borrower, 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 as specified in representation and warranty 2. If such indication exists,
it will be a Test pass.
	
        Mortgagor’s Counsel Opinion

         

	
        2b

         
	
        Review the MS Servicer Notices for notation of any 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 Mortgage Loan Documents, including, without limitation, any such valid offset, defense, counterclaim
        or right based on intentional fraud by the Mortgage Loan Seller in connection with the origination of the CREFI Mortgage Loan,
        that would deny the Mortgagee (as defined in the related CREFI Mortgage Loan Purchase Agreement) the principal benefits intended
        to be provided by the Mortgage Note, Mortgage or other Mortgage Loan Documents. If no such notation is found, it will be a Test
        pass.

         
	
        MS Servicer Notices

         

	
        3. Mortgage Provisions. The Loan Documents
for each CREFI Mortgage Loan contain provisions that render the rights and
	
        3

         
	
        Review the Mortgage Loan Documents and Mortgagor’s
Counsel Opinion for an indication that the
	
        Mortgage Loan Documents; Mortgagor’s Counsel
Opinion

 

    Exhibit QQ-C-4

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	remedies of the holder thereof adequate for the practical realization against the Mortgaged Property of the principal benefits of the security intended to be provided thereby, including realization by judicial or, if applicable, non-judicial foreclosure subject to the limitations set forth in the Standard Qualifications.	 	Mortgage Loan Documents 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, non-judicial foreclosure subject to the limitations set forth in the Standard Qualifications. If such indication exists, it will be a Test pass.	 
	
        4. Mortgage Status; Waivers and Modifications. Since
        origination and except by written instruments set forth in the related Mortgage File or as otherwise provided in the related Loan
        Documents (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; (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 Borrower nor the related guarantor has been released from its material obligations under the CREFI
        Mortgage Loan. With respect to each CREFI Mortgage Loan, except as contained in a written document included in the Mortgage File,
        there have been no modifications, amendments or waivers, that could be reasonably expected to have a material adverse effect on
        such CREFI Mortgage Loan consented to by the Mortgage Loan Seller on or after October 17, 2019.

         
	
        4a

         
	
        Review the MS Servicer Notices and Mortgage Loan
Documents for an indication that the material terms of such documents have been waived, impaired, modified, altered, satisfied,
cancelled, subordinated or rescinded in any respect since origination through the Closing Date, except by written instruments
set forth in the related Mortgage File or as otherwise provided in the related Mortgage Loan Documents. If no such indication
is found, it will be a Test pass. 
	
        Mortgage Loan Documents; MS Servicer Notices

         

	
        4b

         
	
        Review the MS Servicer Notices and Mortgage
        Loan Documents for an indication that a related Mortgaged Property or any portion thereof has been released from the lien of
        the related Mortgage through the Closing Date 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 except by written
        instruments set forth in the related Mortgage File or as otherwise provided in the related Mortgage Loan Documents. If no
        such indication is found, it will be a Test pass.
	
        MS Servicer Notices; Mortgage Loan Documents

         

	
        4c

         
	
        Review the MS Servicer Notices and Mortgage Loan
Documents for notation that neither the related Borrower nor the related guarantor has been released from its material obligations
under the CREFI Mortgage Loan prior to the Closing Date except by written instruments set forth in the related Mortgage File or
as otherwise provided in the related Mortgage Loan Documents. If no such notation is found, it will be a Test pass.
	
        MS Servicer Notices; Mortgage Loan Documents

         

 

    Exhibit QQ-C-5

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	 	
        4d

         
	
        Review the MS Servicer Notices and Mortgage Loan
Documents for notation of a modification, amendment or waiver that could be reasonably expected to have a material adverse effect
on such Mortgage Loan that was consented to by the Mortgage Loan Seller on or after October 17, 2019. If no such notation is found,
it will be a Test pass.
	
        MS Servicer Notices; Mortgage Loan Documents

         

	
        5. Hospitality Provisions. The Mortgage
Loan documents for each CREFI Mortgage Loan that is secured by a hospitality property operated pursuant to a franchise or license
agreement includes an executed comfort letter or similar agreement signed by the related Mortgagor and franchisor or licensor
of such property that, subject to the applicable terms of such franchise or license agreement and comfort letter or similar agreement,
is enforceable by the Trust (or, in the case of a Non-Serviced Mortgage Loan, by the Non- Serviced Securitization Trust) against
such franchisor or licensor either (A) directly or as an assignee of the originator, or (B) upon the Mortgage Loan Seller’s
or its designee’s providing notice of the transfer of the CREFI Mortgage Loan to the Trust (or, in the case of a Non-Serviced
Mortgage Loan, by the seller of the note which is contributed to the Non-Serviced Securitization Trust or its designee providing
notice of the transfer of such note to the Non-Serviced Securitization Trust) in accordance with the terms of such executed comfort
letter or similar agreement, which the Mortgage Loan Seller or its designee (except in the case of a Non- Serviced Mortgage Loan)
shall provide, or if neither (A) nor (B) is applicable, except in the case of a Non-Serviced Mortgage Loan, the Mortgage Loan
Seller or its designee shall apply for, on the Trust’s behalf, a new comfort letter or similar agreement as of the Closing
Date. The mortgage or related security agreement for each CREFI Mortgage Loan secured by a hospitality property creates a security
interest in the revenues of such property for which a UCC financing statement has been filed in the appropriate filing office.
For the avoidance of doubt, no representation is made as to the perfection of any security interest in revenues to the extent
that possession or control of such items or actions other than the filing of Uniform Commercial Code financing statements is required
to effect such perfection.
	
        5a

         
	
        Review the appraisals to determine if any of the
properties are specifically identified as hospitality properties. If so, review the Mortgage File to determine if there exists
a franchise or license agreement and executed comfort letter or other similar agreement signed by the related Mortgagor and franchisor
or licensor that, subject to the applicable terms of such franchise or license agreement and comfort letter or similar agreement,
is enforceable by the Trust (or, in the case of a Non-Serviced Mortgage Loan, by the Non-Serviced Securitization Trust) against
such franchisor or licensor, either (A) directly or as an assignee of the originator, or (B) upon the Mortgage Loan Seller’s
or its designee’s providing notice of the transfer of the CREFI Mortgage Loan to the Trust (or, in the case of a Non-Serviced
Mortgage Loan, by the seller of the note which is contributed to the Non-Serviced Securitization Trust or its designee providing
notice of the transfer of such note to the Non-Serviced Securitization Trust) in accordance with the terms of such executed comfort
letter or similar agreement, which the Mortgage Loan Seller or its designee (except in the case of a Non-Serviced Mortgage Loan)
shall provide. If so determined with respect to each part of this Test, it will be a Test pass.
	
        Appraisal; mortgage file; franchise agreement; Comfort letter
        or similar agreement signed by or from such franchisor

         

	
        5b

         
	
        If the appraisals specifically identify any Mortgaged
Properties as hospitality properties, review the security agreement for each Mortgaged Property to determine if there are provisions
related to creating a security interest in the revenues of such property. Also, review the Mortgage File to determine if there
exist filed
	
        UCC filings; Appraisal; Mortgage File

         

 

    Exhibit QQ-C-6

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	 	 	copies (bearing evidence of filing) or evidence of filing of any related UCC financing statements, related amendments and continuation statements.  If so determined with respect to each part of this Test, it will be a Test pass.	 
	
        6. Lien; Valid Assignment. Subject to the
Standard Qualifications, each assignment of Mortgage and assignment of Assignment of Leases, Rents and Profits to the Trust (or,
with respect to a Non- Serviced Mortgage Loan, to the related Non-Serviced Trustee) constitutes a legal, valid and binding assignment
to the Trust (or, with respect to a Non-Serviced Mortgage Loan, to the related Non- Serviced Trustee). Each related Mortgage and
Assignment of Leases, Rents and Profits is freely assignable without the consent of the related Borrower. Each related Mortgage
is a legal, valid and enforceable first lien on the related Borrower’s fee or leasehold interest in the Mortgaged Property
in the principal amount of such CREFI Mortgage Loan or allocated loan amount (subject only to Permitted Encumbrances (as defined
below) and the exceptions to representation and warranty 7 set forth in Exhibit C of the related CREFI Mortgage Loan Purchase
Agreement (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 Mortgage Loan 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 (which lien secures the related Whole Loan, in the case of a CREFI Mortgage Loan that is part of
a Whole Loan), except those which are bonded over, escrowed for or insured against by a lender’s title insurance policy
(as described below), and, to the Mortgage Loan 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
	
        6a

         
	
        Review the MS Servicer Notices for a notation or
other indication of any claim or assertion regarding any assignment of Mortgage or Assignment of Leases, Rents and Profits to
the Trust (or, with respect to a Non-Serviced Mortgage Loan, the related Non- Serviced Trustee) not constituting a legal, valid
and binding assignment to the Trust (or, with respect to a Non-Serviced Mortgage Loan, the related Non- Serviced Trustee), subject
to the Standard Qualifications. If such a notation or other indication is not found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        6b

         
	
        Review the related Mortgage and the Assignment
of Leases, Rents and Profits for each property for provisions to the effect that the related Mortgage and Assignment of Leases,
Rents and Profits is not freely assignable without the consent of the related Borrower. If no such provision is found, it will
be a Test pass.
	
        Mortgage; Assignment of Leases, Rents and Profits

         

	
        6c

         
	
        Review the Title Policy (as defined in representation
and warranty 7) to determine if the related Mortgage is a first lien on the related Borrower’s fee or leasehold) interest
in the Mortgaged Property. Compare the amount of the Title Policy to the principal amount of the CREFI Mortgage Loan or allocated
loan amount to determine whether they are equivalent. If each such determination is made, it will be a Test pass.
	
        Title Policy; Mortgage; Mortgage Loan Schedule

         

	
        6d

         
	
        Review the Title Policy to determine if the Mortgaged
Property was 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 (which lien secures the related Whole Loan, in the case of a
CREFI Mortgage Loan that is part of a Whole Loan) (other than Permitted
	
        Title Policy

         

 

    Exhibit QQ-C-7

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	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 (“UCC”) financing statements is required in order to effect such perfection.	 	Encumbrances, Title Exceptions and those which are bonded over, escrowed for or insured against by the applicable Title Policy). If so determined, it will be a Test pass.	 
	
        6e

         
	
        Review the MS Servicer Notices for a notation or
other indication of any claim or assertion that, as of the Cut-off Date, the Mortgage Loan Seller had knowledge that the Mortgaged
Property was not free and clear of any recorded mechanics’ liens, recorded materialmen’s liens and other recorded
encumbrances that would be prior to or equal with the lien of the related Mortgage (which lien secures the related Whole Loan,
in the case of a CREFI Mortgage Loan that is part of a Whole Loan) (other than Permitted Encumbrances, Title Exceptions and those
which are bonded over, escrowed for or insured against by the applicable Title Policy). If such a notation or other indication
is not found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        6f

         
	
        Review the MS Servicer Notices for a notation or
other indication of any claim or assertion that, subject to the rights of tenants, there are rights existing 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 (which lien secures
the related Whole Loan, in the case of a CREFI Mortgage Loan that is part of a Whole Loan), except for Permitted Encumbrances
and those which are bonded over, escrowed for or insured against by the a lender’s title insurance policy. If such a notation
or other indication is not found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        6g

         
	
        Review the MS Servicer Notices for a notation or
other indication of any claim or assertion that the Mortgage Loan Seller did not have 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
or good and marketable title free and clear of any pledge, lien, encumbrance or security interest. If such a notation or other
indication
	
        MS Servicer Notices

         

 

    Exhibit QQ-C-8

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	 	 	is not found, it will be a Test pass.	 
	
        7. Permitted Liens; Title Insurance. Each Mortgaged
        Property securing a CREFI 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 CREFI Mortgage Loan (or
        with respect to a CREFI 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 secures the related Whole Loan, in the case of a CREFI Mortgage Loan that is part of a Whole Loan), which lien is subject
        only to (a) the lien of current real property taxes, water charges, sewer rents and assessments not yet due and payable; (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;
        and (f) if the related CREFI Mortgage Loan is cross-collateralized and cross-defaulted with another CREFI Mortgage Loan or a Whole
        Loan or is part of a Whole Loan that is cross-collateralized and cross-defaulted with another Whole Loan (each a “Crossed
        Mortgage Loan”), the lien of the Mortgage for such other CREFI Mortgage Loan that is cross-collateralized and cross-defaulted with such Crossed Mortgage Loan or with the Whole Loan of which such Crossed Mortgage Loan is a part, provided that
        none of which items (a) through (f), 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 Borrower’s ability to pay its
        obligations when they become due (collectively, the “Permitted Encumbrances”). Except as contemplated by clause
        (f) of the

         
	
        7a

         
	
        Review the Title Policy to determine if it is an
American Land Title Association loan title insurance policy or another comparable form of loan title insurance policy approved
for use in the applicable jurisdiction. Review the Mortgage Loan Documents to determine if the amount of the policy covers the
amount of the CREFI Mortgage Loan, or for multiple properties, an amount equal to the allocated loan amount after all advances
of principal. If so determined with respect to each part of this Test, it will be a Test pass.
	
        Title Policy; Mortgage Loan Documents

         

	
        7b

         
	
        Review the Title Policy to determine if the first-priority
lien of the Mortgage (which lien secures the related Whole Loan, in the case of a CREFI Mortgage Loan that is part of a Whole
Loan) is subject only to Permitted Encumbrances, as defined in representation and warranty 7. If so determined, it will be a Test
pass.
	
        Title Policy

         

	
        7c

         
	
        Review the Title Policy to determine if any Permitted
Encumbrance is a mortgage lien that is senior to or coordinate and co-equal to the lien of the related Mortgage, other than as
contemplated by item (f) in the definition of Permitted Encumbrances. If not so determined, it will be a Test pass.
	
        Title Policy

         

	
        7d

         
	
        Review the Title Policy and MS Servicer Notices
for a notation or other indication that the coverage is not in full force and effect as of the Cut-off Date, that all premiums
thereon have not been paid or that claims have been made by the Mortgage Loan Seller. If no such notation or other indication
is found, it will be a Test pass.
	
        Title Policy; MS Servicer Notices

         

	
        7e

         
	
        Review the MS Servicer Notices for a notation or
other indication that the Mortgage Loan Seller, or any other holder of the CREFI Mortgage Loan, has done, by act or omission,
anything that would materially impair the coverage under such policy. If such a notation or other
	
        MS Servicer Notices

         

 

    Exhibit QQ-C-9

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	
        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 Mortgage Loan Seller thereunder and no claims have been paid thereunder. Neither the Mortgage
Loan Seller, nor to the Mortgage Loan Seller’s knowledge, any other holder of the CREFI Mortgage Loan, has done, by act
or omission, anything that would materially impair the coverage under such Title Policy.
	 	indication is not found, it will be a Test pass.	 
	
        8. Junior Liens. It being understood that B notes
        secured by the same Mortgage as a CREFI Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage
        Loan, there are, as of origination, and to the Mortgage Loan Seller’s knowledge, as of the Cut-off Date, 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 representation and warranty 6 above), and equipment and other personal property financing). Except as set forth in Schedule
        B-1 to Exhibit B to the Mortgage Loan Purchase Agreement, the Mortgage Loan Seller has no knowledge of any mezzanine debt secured
        directly by interests in the related Borrower.

         
	
        8a

         
	
        Review the Title Policy to determine if there is
any subordinate mortgage or junior lien encumbering the related Mortgaged Property as of the origination date, except for any
Crossed Mortgage Loans. If not so determined, it will be a Test pass.
	
        Title Policy

         

	
        8b

         
	
        Review the Title Policy to determine if, as of
origination and the Cut-off Date, there are no subordinate mortgages or junior mortgage 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 and equipment and other personal property financing. If so determined, it will be a Test pass.
	
        Title Policy

         

	
        8c

         
	
        Review the MS Servicer Notices for a notation or
other indication that, except as set forth in Schedule B-1 to Exhibit B to the related CREFI Mortgage Loan Purchase Agreement,
the Mortgage Loan Seller had knowledge of any mezzanine debt secured directly by interests in the related Borrower or (2) any
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 If such a notation
or other indication is not found, it will be a Test pass.
	
        MS Servicer Notices; CREFI Mortgage Loan Purchase
Agreement

         

 

    Exhibit QQ-C-10

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	
        9. Assignment of Leases, Rents and
        Profits. There exists as part of the related Mortgage File an Assignment of Leases, Rents and Profits (either as a
        separate instrument or incorporated into the related Mortgage). Subject to the Permitted Encumbrances and the Title
        Exceptions (and, in the case of a CREFI Mortgage Loan that is part of a Whole Loan, subject to the related Assignment of
        Leases, Rents and Profits constituting security for the entire Whole Loan), each related Assignment of Leases, Rents and
        Profits 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 Borrower 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, Rents and Profits, subject to applicable law, provides that, upon an event
        of default under the CREFI 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.

         
	
        9a

         
	
        Review the Mortgage File to determine if an Assignment
of Leases, Rents and Profits (either as a separate instrument or incorporated into the related Mortgage) is in the Mortgage File.
If so determined, it will be a Test pass.
	
        Mortgage File; Assignment of Leases, Rents and Profits

         

	
        9b

         
	
        Review the Title Policy to determine if the Mortgage,
or any related Assignment of Leases, Rents and Profits, has been recorded, and 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 Borrower 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 and subject to the Permitted Encumbrances and the Title Exceptions (and, in the case
of a CREFI Mortgage Loan that is part of a Whole Loan, subject to the related Assignment of Lease, Rents and Profits constituting
security for the entire Whole Loan). If so determined with respect to each part of this Test, it will be a Test pass.
	
        Title Policy; Mortgage; Assignment of Leases, Rents
and Profits

         

	
        9c

         
	
        Review the Assignment of Leases, Rents and Profits
(either as a separate instrument or incorporated into the related Mortgage) to determine if the related Mortgage, or related Assignment
of Leases, subject to applicable law, provides that upon an event of default under the CREFI 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 or for the related Mortgagee to enter into possession to collect the rents or for rents to be paid directly to the Mortgagee.
If so determined, it will be a Test pass.
	
        Assignment of Leases, Rents and Profits; Mortgage

         

	
        10. UCC Filings. If the related Mortgaged
Property is operated as a hospitality property, the Mortgage Loan Seller has filed and/or recorded or caused to be filed and/or
recorded (or, if not filed
	
        10

         
	
        If the related Mortgaged Property is operated as
a hospitality property, review the MS Servicer Notices for a notation or other indication of inappropriately
	
        MS Servicer Notices

         

 

    Exhibit QQ-C-11

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	and/or recorded, have been 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 CREFI 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 Borrower 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.	 	filed or nonexistent UCC-1 financing statements. If such a notation or other indication is not found, it will be a Test pass.	 
	
        11. Condition of Property. The Mortgage Loan Seller
        or the originator of the CREFI Mortgage Loan inspected or caused to be inspected each related Mortgaged Property within six months
        of origination of the CREFI Mortgage Loan and within twelve months of the Cut-off Date.

         

        An engineering report or property condition assessment was
        prepared in connection with the origination of each CREFI Mortgage Loan no more than twelve months prior to the Cut-off Date. To
        the Mortgage Loan 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 (i) any damage or deficiency that is estimated to cost less than $50,000 to repair, (ii) any deferred maintenance for
        which escrows were established at origination and (iii) any damage fully covered by insurance) that would affect materially and
        adversely the use or value of such Mortgaged Property as security for the CREFI Mortgage Loan.

         
	
        11a

         
	
        Review the engineering report or property condition
assessment in the Mortgage File to determine if the related Mortgage Property was inspected within six months of the origination
date and within twelve months of the Cut-off Date. If so determined, it will be a Test pass.
	
        Engineering report; Property condition assessment

         

	
        11b

         
	
        Review the engineering report or property condition
assessment in the Mortgage File to determine if it was dated no more than twelve months prior to the Cut-off Date. Review the
engineering report or property condition assessment to confirm that each related Mortgaged Property is free of material damage.
If so determined with respect to each part of the Test, it will be a Test pass.
	
        Engineering report; Property condition assessment

         

	
        11c

         
	
        Review the MS Servicer Notices for a notation or
other indication that the Mortgage Loan Seller had knowledge of issues with the physical condition of the
	
        MS Servicer Notices

         

 

    Exhibit QQ-C-12

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	 	 	
        Mortgaged Property that the Mortgage Loan Seller
believed would have a material adverse effect on the value or use of the Mortgaged Property other than those disclosed in the
most recently dated engineering report or Servicing File and those addressed in sub-clauses (i), (ii) and (iii) of this representation
and warranty 11. If such a notation or other indication is not found, it will be a Test pass.
	 
	
        12. Taxes and Assessments. All taxes, governmental
assessments and other outstanding governmental charges (including, without limitation, water and sewage charges), or installments
thereof, that 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 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

         
	
        Review the MS Servicer Notices for a notation or
other indication that 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 Mortgage Property that would be of equal
or superior priority to the lien of the Mortgage and that prior to the Cut-off Date have come delinquent in respect of the Mortgaged
Property (per the terms within representation and warranty 12) have not been 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. If such a notation
or other indication is not found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        13. Condemnation. As of the date of origination
and to the Mortgage Loan Seller’s knowledge as of the Cut-off Date, there is no proceeding pending, and, to the Mortgage
Loan 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

         
	
        Review the MS Servicer Notices for a notation or
other indication of any proceeding pending or threatened for the total or partial condemnation of such Mortgaged Property as of
the Cut-off Date and as of the origination date, or for a notation or other indication that the Mortgage Loan Seller had knowledge
as of the Cut-off Date and as of the origination date of any such proceeding that would have a material adverse effect on the
value, use or operation of the Mortgaged Property. If such a notation or other indication is not found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        14. Actions Concerning Mortgage Loan. As
of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Cut-off Date, there was no pending or filed
action, suit or
	
        14a

         
	
        Review the Mortgage Loan Documents, the Mortgagor’s
Counsel Opinion and the MS Servicer Notices for an indication of pending or filed action, suit
	
        Mortgage Loan Documents; Mortgagor’s Counsel
Opinion; MS Servicer Notices

 

    Exhibit QQ-C-13

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	proceeding, arbitration or governmental investigation involving any Borrower, guarantor, or Borrower’s interest in the Mortgaged Property, an adverse outcome of which would reasonably be expected to materially and adversely affect (a) such Borrower’s title to the Mortgaged Property, (b) the validity or enforceability of the Mortgage, (c) such Borrower’s ability to perform under the related CREFI 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.	 	or proceeding, arbitration or governmental investigation involving any Borrower, guarantor, or Borrower’s interest in the Mortgaged Property that existed on the origination date (and with respect to the Mortgage Loan Seller’s knowledge, as of the Cut-off Date). If such an indication is not found, it will be a Test pass.	 
	
        14b

         
	
        Review the MS Servicer Notices to determine if
an adverse outcome of any such pending, filed or threatened action, suit or proceeding, arbitration or governmental investigation
involving any Borrower, guarantor, or Mortgaged Property would reasonably be expected to adversely affect the matters set forth
in clauses (a)-(f) of representation and warranty 14. If any such adverse outcome would not reasonably be expected to adversely
affect the matters set forth in clauses (a)-(f) of representation and warranty 14, it will be a Test pass.
	
        MS Servicer Notices

         

	
        15. Escrow Deposits. All escrow deposits and payments
        required to be escrowed with lender pursuant to each CREFI Mortgage Loan are in the possession, or under the control, of the Mortgage
        Loan 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 lender under the related Loan Documents
        are being conveyed by the Mortgage Loan Seller to Purchaser or its servicer (or, with respect to any Non-Serviced Mortgage Loan,
        to the related Non-Serviced Depositor or Non- Serviced Master Servicer).

         
	
        15a

         
	
        Review the MS Servicer Notices for a notation or
other indication of any escrow deposits and payments required to be escrowed with the lender pursuant to each CREFI Mortgage Loan
not in the servicer’s possession or control. If such a notation or other indication is not found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        15b

         
	
        Review the MS Servicer Notices to determine if
all escrows and deposits required pursuant to the CREFI Mortgage Loan have been conveyed by the Mortgage Loan Seller to the Purchaser
or its servicer (or, with respect to any Non-Serviced Mortgage Loan, to the related Non-Serviced Depositor or Non-Serviced Master
Servicer). If so determined, it will be a Test pass.
	
        MS Servicer Notices

         

	
        16. No Holdbacks. The Stated Principal Balance
as of the Cut-off Date of the CREFI Mortgage Loan set forth on the mortgage loan schedule attached as Exhibit A to the
Mortgage Loan Purchase Agreement has been fully disbursed as of the Closing Date and there is no requirement for future advances
thereunder (except in
	
        16a

         
	
        Review the Mortgage Loan Schedule, Loan Agreement,
Mortgage Note and origination settlement statement to determine if the principal amount of the CREFI Mortgage Loan was fully disbursed
as of the Closing Date. If so determined, it will be a Test pass.
	
        Mortgage Loan Schedule; Loan Agreement; Mortgage
Note; Origination settlement statement

 

    Exhibit QQ-C-14

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	those cases where the full amount of the CREFI 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 Borrower or other considerations determined by Mortgage Loan Seller to merit such holdback).	
        16b

         
	
        Review the Mortgage Loan Documents to determine
if there is no requirement for future advances by the Mortgagee (except in those cases where the full amount of the CREFI 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 Borrower or other
considerations determined by the Mortgage Loan Seller to merit such holdback). If so determined, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        17. 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 meeting the Insurance Ratings Requirements (as defined below) in an amount (subject to a customary deductible) not less
        than the lesser of (1) the original principal balance of the CREFI Mortgage Loan and (2) the full insurable value on a replacement
        cost basis of the improvements, furniture, furnishings, fixtures and equipment owned by the Borrower 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.

         

        “Insurance Ratings Requirements” means
either (i) a claims paying or financial strength rating of any of the following; (a) at least “A-:VIII” from A.M.
Best Company, (b) at least “A3” (or the equivalent) from Moody’s Investors Service, Inc. or (c) at least “A-”
from S&P Global Ratings or (ii) the Syndicate Insurance Ratings Requirements. “Syndicate Insurance Ratings Requirements”
means insurance provided by a syndicate of insurers, as to which (i) if such syndicate consists of 5 or more members, at least
60% of the coverage is provided by insurers that
	
        17a

         
	
        Review the Insurance Summary Report (or solely
with respect to residential cooperative properties, review the insurance policies and/or certificates of insurance) to determine
if it shows that the related Mortgaged Property is 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 Mortgage Loan Documents and the Insurance Rating Requirements
(as defined in representation and warranty 17), in an amount (subject to customary deductibles) not less than the lesser of (1)
the original principal balance of the CREFI Mortgage Loan and (2) the full insurable value on a replacement cost basis of the
improvements, furniture, furnishings, fixtures and equipment owned by the Borrower 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 Mortgaged Property. If so determined,
it will be a Test pass.
	
        Insurance Summary Report (solely with respect to residential
        cooperative properties, the insurance policies and/or certificates of insurance)

         

	
        17b

         
	
        Review the Mortgage Loan Documents for provisions
requiring the insurance coverage as stated in Test 17a above. If such provisions are found, it will be a Test pass.
	
        Mortgage Loan Documents

         

 

    Exhibit QQ-C-15

     

    
 

	
        Representations and Warranties
	
         
	Test
	
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        meet the Insurance Ratings Requirements (under clause
        (1) of the definition of such term) and up to 40% of the coverage is provided by insurers that have a claims paying or
        financial strength rating of at least “BBB-” by S&P Global Ratings or at least “Baa3” by
        Moody’s Investors Service, Inc., and (ii) if such syndicate consists of 4 or fewer members, at least 75% of the
        coverage is provided by insurers that meet the Insurance Ratings Requirements (under clause (1) of the definition of such
        term) and up to 25% of the coverage is provided by insurers that have a claims paying or financial strength rating of at
        least “BBB-” by S&P Global Ratings or at least “Baa3” by Moody’s Investors Service,
        Inc.

         

        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 CREFI 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 having special flood hazards, the related Borrower is required to maintain insurance in the maximum amount available
        under the National Flood Insurance Program, plus such additional excess flood coverage in an amount as is generally required by
        the Mortgage Loan Seller originating mortgage loans for securitization.

         

        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
Borrower 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, in an amount not less than the lesser of (1) the original principal balance of the Mortgage Loan and
(2) 100% of the full insurable value on a replacement cost basis of the improvements and personalty and fixtures owned by the
Borrower and included in the related Mortgaged Property by an insurer meeting the
	
        17c

         
	
        Review the Insurance Summary Report (or, solely
with respect to residential cooperative properties, review the insurance policies and/or certificates of insurance) to determine
if it shows that the related Mortgaged Property is insured for 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 a CREFI Mortgage Loan on a single asset
with a principal balance of $50 million or more, 18 months). If such provisions are found, it will be a Test pass.
	
        Insurance Summary Report (solely with respect to residential
        cooperative properties, the insurance policies and/or certificates of insurance)

         

	
        17d

         
	
        Review the Mortgage Loan Documents for provisions
requiring the insurance coverage as stated in Test 17c above. If such provisions are found, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        17e

         
	
        Review the Mortgage Loan Documents and/or the survey
to determine if any material part of the improvements, exclusive of a parking lot, located on the Mortgaged Property is in an
area identified in the Federal Register by the Federal Emergency Management Agency as having “special flood hazards.”
If so determined, review the Insurance Summary to determine whether the Mortgagor maintains insurance in the maximum amount available
under the National Flood Insurance Program plus such additional excess flood coverage in an amount as is generally required by
the Mortgage Loan Seller originating mortgage loans for securitization. If so determined, it will be a Test pass.
	
        Mortgage Loan Documents; Survey; Insurance Summary Report

         

	
        17f

         
	
        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, review the
Insurance Summary Report to determine if the property is covered for windstorm and/or windstorm related perils and/or “named
storms” or endorsement covering damage from windstorm and/or windstorm related perils and/or named storms in an
	
        Insurance Summary Report (solely with respect to residential
        cooperative properties, the insurance policies and/or certificates of insurance)

         

 

    Exhibit QQ-C-16

     

    
 

	
        Representations and Warranties
	
         
	Test
	
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        Insurance Rating Requirements.

         

        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 the Mortgage Loan Seller for loans originated for securitization,
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 either the scenario expected limit
        (“SEL”) or the probable maximum loss (“PML”) for the Mortgaged Property in the event of
        an earthquake. In such instance, the SEL or PML, as applicable, 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 or PML, as applicable, would
        exceed 20% of the amount of the replacement costs of the improvements, earthquake insurance on such Mortgaged Property was
        obtained by an insurer rated at least “A:VIII” by A.M. Best Company or “A3” (or the equivalent) from
        Moody’s Investors Service, Inc. or “A-” by S&P Global Ratings in an amount not less than 100% of the
        SEL or PML, as applicable.

         

        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 CREFI
        Mortgage Loan (or Whole Loan, if applicable), the lender (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
        CREFI Mortgage Loan (or Whole Loan, if applicable) together with any accrued interest thereon.

         

        All premiums on all insurance policies referred
to in this section
	 	
        amount not less than the lesser of (1) the original
        principal balance of the Mortgage Loan and (2) 100% of the full insurable value on a replacement cost basis of the
        improvements, and personalty and fixtures owned by the Mortgagor and included in the related Mortgaged Property by an insurer
        meeting the Insurance Rating Requirements. If so determined with respect to each part of this Test, it will be a Test
        pass.
	 
	
        17g

         
	
        Review the Insurance Summary Report dated before
the Cut-off Date (or solely with respect to residential cooperative properties, review the insurance policies and/or certificates
of insurance) and Mortgage Loan Documents to determine if the Mortgage Property is covered, and required to be covered pursuant
to the related Mortgage 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 the Mortgage Loan Seller for loans originated for securitization, and in any event
not less than $1 million per occurrence and $2 million in the aggregate. If so determined, it will be a Test pass.
	
        Insurance Summary Report (solely with respect to residential
        cooperative properties, the insurance policies and/or certificates of insurance); Mortgage Loan Documents

         

	
        17h

         
	
        Review the property condition assessment to determine
if the properties are located in a seismic zone 3 or 4. If so determined, review the seismic engineering study to determine if
it has been performed by an architectural or engineering consultant for the sole purpose of assessing either the scenario expected
limit (“SEL”) or the probable maximum loss (“PML”) for the Mortgaged Property in the event
of an earthquake and based on a 475-year return period, an exposure period of 50 years and a 10% probability of exceedance. If
so determined, it will be a Test pass.
	
        Property condition assessment; Seismic engineering study

         

	
        17i

         
	
        Review the most recent seismic engineering study
or Insurance Summary Report (or solely with respect to residential cooperative properties, review the insurance
	
        Seismic engineering study; Insurance Summary Report
(solely with respect to residential cooperative properties, the

 

    Exhibit QQ-C-17

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	required to be paid as of the Cut-off Date have been paid, and such insurance policies name the lender under the CREFI 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 (or, in the case of a CREFI Mortgage Loan that is a Non-Serviced Mortgage Loan, the applicable Other Trustee).  Each related CREFI Mortgage Loan obligates the related Borrower to maintain or cause to be maintained all such insurance and, at such Borrower’s failure to do so, authorizes the lender to maintain such insurance at the Borrower’s cost and expense and to charge such Borrower for related premiums.  All such insurance policies (other than commercial liability policies) require at least 10 days’ prior notice to the lender of termination or cancellation arising because of nonpayment of a premium and at least 30 days’ prior notice to the lender 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 Mortgage Loan Seller.	 	policies and/or certificates of insurance) to determine if the PML would exceed 20% of the amount of the replacement costs of the improvements, and if so, review to determine if earthquake insurance on such Mortgaged Property was obtained. If so determined, determine if the insurer is rated at least “A:VIII” by A.M. Best Company or “A3” (or the equivalent) from Moody’s Investors Service, Inc. or “A-” by S&P Global Ratings. The insurance amount should be not less than 100% of the SEL or the PML, as applicable. If so determined with respect to each part of the Test, it will be a Test pass.	insurance policies and/or certificates of insurance)
	
        17j

         
	
        Review the Mortgage Loan Documents for provisions
requiring that insurance proceeds in respect of a property loss 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 CREFI Mortgage Loan, the lender (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 CREFI Mortgage Loan or Whole
Loan, as applicable, together with any accrued interest thereon. If such provisions are found, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        17k

         
	
        Review the MS Servicer Notices for a notation or
other indication that insurance premiums are current as of the Cut-off Date. If such a notation or other indication is found,
it will be a Test pass.
	
        MS Servicer Notices

         

	
        17l

         
	
        Review the Insurance Summary Report (or solely
with respect to residential cooperative properties, review the insurance policies and/or certificates of insurance) to determine
if the insurance policies name the lender under any CREFI 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. If so
determined, it will be a Test pass.
	
        Insurance Summary Report (solely with respect to residential
        cooperative properties, the insurance policies and/or certificates of insurance)

         

 

    Exhibit QQ-C-18

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	 	
        17 m

         
	
        Review the Insurance Summary Report (or solely
with respect to residential cooperative properties, review the insurance policies and/or certificates of insurance) to determine
if the insurance will inure to the benefit of the Trustee (or, in the case of a CREFI Mortgage Loan that is a Non-Serviced Mortgage
Loan, the applicable Other Trustee). If so determined, it will be a Test pass.
	
        Insurance Summary Report (solely with respect to residential
        cooperative properties, the insurance policies and/or certificates of insurance)

         

	
        17n

         
	
        Review the Mortgage Loan Documents to determine
if any CREFI Mortgage Loan obligates the Mortgagor to maintain or cause to be maintained all such insurance and, at such Mortgagor’s
failure to do so, authorizes the lender to maintain such insurance at the Mortgagor’s cost and expense and to charge such
Mortgagor for related premiums. If so determined, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        17o

         
	
        Review the Insurance Summary Report (or solely
with respect to residential cooperative properties, review the insurance policies and/or certificates of insurance) to determine
if the insurance policies (other than commercial liability policies) require at least 10 days’ prior notice to the lender
of termination or cancellation arising because of nonpayment of a premium and at least 30 days’ prior notice to the lender
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. If so determined, it will be a Test pass.
	
        Insurance Summary Report (solely with respect to residential
        cooperative properties, the insurance policies and/or certificates of insurance)

         

	
        17p

         
	
        Review the MS Servicer Notices for a notation or
other indication that any notice described in Test 17(o) may have been received by the Mortgage Loan Seller. If such a notation
or other indication is not found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        18. 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
	
        18a

         
	
        Review the zoning report, Title Policy and survey,
engineering report or property condition assessment, the Sponsor Diligence and the ESA to determine if each Mortgaged Property
is located on or adjacent to a
	
        Zoning report; Title Policy; Survey; Engineering report
        or property condition assessment; Sponsor Diligence; ESA

         

 

    Exhibit QQ-C-19

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	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 CREFI Mortgage Loan requires the Borrower 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.	 	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. If so determined, it will be a Test pass.	 
	
        18b

         
	
        Review the zoning report, Title Policy and survey,
engineering report or property condition assessment, the Sponsor Diligence and the ESA to determine if each Mortgaged Property
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. If so determined, it will be a Test pass.
	
        Zoning report; Title Policy; Survey; Engineering report
        or property condition assessment; Sponsor Diligence; ESA

         

	
        18c

         
	
        Review the Title Policy and survey to determine
if each Mortgaged Property constitutes one or more separate tax parcels and do not include any property which is not part of the
Mortgaged Property or is subject to an endorsement under the most recently dated 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 any CREFI 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. If so determined, it will be a Test
pass.
	
        Title Policy; Survey; Mortgage Loan Documents

         

	
        19. No Encroachments. To the Mortgage Loan
Seller’s knowledge based solely on surveys obtained in connection with origination and the lender’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 CREFI 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 CREFI Mortgage Loan are within the boundaries of the related Mortgaged Property, except encroachments that do not materially
and adversely affect the
	
        19a

         
	
        Review the survey, Title Policy and Appraisal to
determine if all material improvements that were included for the purpose of determining the appraised value of the Mortgaged
Property at the time of the origination of such CREFI Mortgage Loan are within the boundaries of the related Mortgaged Property,
except for 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. If so determined, it will be a Test pass.
	
        Survey; Title Policy; Appraisal

         

 

    Exhibit QQ-C-20

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	
        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 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 obtained with respect to the Title
        Policy.

         
	
        19b

         
	
        Review the survey, and Title Policy and Appraisal
to determine if there exist improvements on adjoining parcels that encroach onto the Mortgaged Property that materially and adversely
affect the value and current use of such Mortgage Property and for which insurance or endorsements were obtained under the Title
Policy. If not so determined, it will be a Test pass.
	
        Survey; Title Policy; Appraisal

         

	
        19c

         
	
        Review the survey, Title Policy and Appraisal to
determine if there exist material improvements that 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
obtained with respect to the Title Policy. If not so determined, it will be a Test pass.
	
        Survey; Title Policy; Appraisal

         

	
        20. No Contingent Interest or Equity Participation.
No CREFI Mortgage Loan has a shared appreciation feature, any other contingent interest feature or a negative amortization feature
(except that an ARD Loan may provide for the accrual of the portion of interest in excess of the rate in effect prior to the Anticipated
Repayment Date) or an equity participation by the Mortgage Loan Seller.
	
        20

         
	
        Review the Mortgage Loan Documents for any shared
appreciation feature or any other contingent interest feature, any negative amortization feature (except that an ARD Loan may
provide for the accrual of the portion of interest in excess of the rate in effect prior to the Anticipated Repayment Date) or
an equity participation by the Mortgage Loan Seller. If no such feature is found with respect to each part of this Test, it will
be a Test pass.
	
        Mortgage Loan Documents

         

	
        21. REMIC. The CREFI Mortgage Loan is a
“qualified mortgage” within the meaning of Code Section 860G(a)(3)(but determined without regard to the rule in the
U.S. Department of Treasury Regulations (the “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 CREFI Mortgage Loan to the related
Borrower at origination did not exceed the non-contingent principal amount of the CREFI Mortgage Loan and (B) either: (a) such
CREFI 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 CREFI Mortgage
	
        21a

         
	
        Review the origination settlement statement and
Mortgage Note to determine if the proceeds advanced by the Mortgagee did not exceed the non-contingent principal amount of the
CREFI Mortgage Loan. If so determined, it will be a Test pass.
	
        Origination settlement statement; CREFI Mortgage Loan

         

	
        21b

         
	
        Review the most recent appraisal and Mortgage Loan
Documents to determine if (a) the CREFI 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 CREFI Mortgage Loan was originated
at least equal to 80% of the adjusted issue
	
        Appraisal; Mortgage Loan Documents

         

 

    Exhibit QQ-C-21

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	Loan (or related Whole Loan) was originated at least equal to 80% of the adjusted issue price of the CREFI Mortgage Loan (or related Whole Loan) on such date or (ii) at the Closing Date at least equal to 80% of the adjusted issue price of the CREFI Mortgage Loan (or related Whole Loan) on such date, provided that for purposes hereof, the fair market value of the real property interest must first be reduced by (A) the amount of any lien on the real property interest that is senior to the CREFI Mortgage Loan and (B) a proportionate amount of any lien that is in parity with the CREFI Mortgage Loan; or (b) substantially all of the proceeds of such CREFI Mortgage Loan were used to acquire, improve or protect the real property which served as the only security for such CREFI Mortgage Loan (other than a recourse feature or other third-party credit enhancement within the meaning of Section 1.860G- 2(a)(1)(ii) of the Treasury Regulations).  If the CREFI 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 CREFI 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 CREFI Mortgage Loan was originated) or sub-clause (B)(a)(ii), including the proviso thereto. Any prepayment premium and yield maintenance charges applicable to the CREFI Mortgage Loan constitute “customary prepayment penalties” within the meaning of Section 1.860G-1(b)(2) of the Treasury Regulations.  All terms used in this paragraph shall have the same meanings as set forth in the related Treasury Regulations.	 	
        price of the CREFI Mortgage Loan (or related Whole
Loan) on such date or (ii) at the Closing Date at least equal to 80% of the adjusted issue price of the CREFI Mortgage Loan (or
related Whole Loan) on such date, provided that for purposes of clauses (i) and (ii) above, 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 CREFI
Mortgage Loan and (B) a proportionate amount of any lien that is in parity with such CREFI Mortgage Loan or (b) substantially
all of the proceeds of such CREFI Mortgage Loan were used to acquire, improve or protect the real property which served as the
only security for such CREFI 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 so determined, it will be a Test pass.
	 
	
        21c

         
	
        Review the MS Servicer Notices for an indication
or other notation that the CREFI Mortgage Loan was modified prior to the Closing Date, and if so, if the modification was made
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 CREFI Mortgage Loan or (y) satisfies the provisions of either sub-clause (B)(i) in the first sentence
of representation and warranty 21 (substituting the date of the last such modification for the date any CREFI Mortgage Loan was
originated) or sub-clause (B)(ii) in the first sentence of representation and warranty 21, including the proviso thereto. If there
were any such modifications, and such a notation or other indication is found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        21d

         
	
        Review the MS Servicer Notices for a notation or
other indication of any claim or assertion to the effect that the Prepayment Premiums and Yield Maintenance Charges applicable
to any CREFI Mortgage Loan do not constitute “customary prepayment penalties”. If such a notation or other indication
is not found, it will
	
        MS Servicer Notices

         

 

    Exhibit QQ-C-22

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	 	 	be a Test pass.	 
	
        22. Compliance with Usury Laws. The
        Mortgage Rate (exclusive of any default interest, late charges, yield maintenance charge, or prepayment premiums) of such
        CREFI 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.

         
	
        22a

         
	
        Review the MS Servicer Notices for a notation or
other indication of any claim or assertion to the effect that the terms of the CREFI Mortgage Loan do not comply with applicable
local, state, and federal laws in any material respect. If such a notation or other indication is not found, it will be a Test
pass.
	
        MS Servicer Notices

         

	
        22b

         
	
        Review the MS Servicer Notices for a notation or
other indication of any claim or assertion to the effect that any material requirements pertaining to the origination of such
CREFI Mortgage Loan, including but not limited to, usury and any and all other material requirements of any federal, state or
local law have not been complied with. If such a notation or other indication is not found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        22c

         
	
        Review the Mortgage Loan Documents to determine
if they provide that the CREFI Mortgage Loan complied with usury laws. If so determined, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        23. 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 transact and do business 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 CREFI Mortgage Loan by the Trust.

         
	
        23

         
	
        Review the MS Servicer Notices for a notation or
other indication of any claim or assertion that as of the Cut-off Date or as of the date that the Mortgage Loan Seller or the
date that such other entity held the Mortgage note, each such holder of the Mortgage Note was not authorized to transact or do
business in the jurisdiction in which each related Mortgaged Property is located. If such a notation or other indication is found,
determine whether the failure to be so authorized could not materially and adversely affect the enforceability of such CREFI Mortgage
Loan by the Trust. If so determined, it will be a Test pass.
	
        MS Servicer Notices

         

	
        24. 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 Mortgage Loan 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
	
        24a

         
	
        Review the Mortgage Loan Documents to determine
if a trustee 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 or may be substituted in accordance with the Mortgage and
	
        Mortgage Loan Documents

         

 

    Exhibit QQ-C-23

     

    
 

	
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	Test
	
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	may be substituted in accordance with the Mortgage and applicable law by the related mortgagee.	 	applicable law by the related mortgagee.  If so determined, it will be a Test pass.	 
	 	
        24b

         
	
        Review the MS Servicer Notices for any indication
that the Mortgage Loan Seller as of the Closing Date had knowledge that the appointed Trustee was not qualified under applicable
law to serve as such,
	 
	
        25. Local Law Compliance. To the Mortgage Loan 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 Mortgage Loan Seller for similar commercial, multifamily or, if applicable,
        manufactured housing community mortgage loans intended for securitization, with respect to the improvements located on or forming
        part of each Mortgaged Property securing a CREFI Mortgage Loan as of the date of origination of such CREFI Mortgage Loan and as
        of the Cut-off Date, there are no material violations of applicable zoning ordinances, building codes and land laws (collectively
        “Zoning Regulations”) other than those which (i) constitute a legal non-conforming use or structure, as to which
        as the Mortgaged Property may be restored or repaired to the full extent necessary to maintain the use of the structure immediately
        prior to a casualty or the inability to restore or repair to the full extent necessary to maintain the use or structure immediately
        prior to the casualty would not materially and adversely affect the use or operation of the Mortgaged Property, (ii) are insured
        by the Title Policy or other insurance policy, (iii) are insured by law and ordinance insurance coverage in amounts customarily
        required by the Mortgage Loan Seller for loans originated for securitization that provides coverage for additional costs to rebuild
        and/or repair the property to current Zoning Regulations or (iv) would not have a material adverse effect on the CREFI Mortgage
        Loan. The terms of the Loan Documents require the Borrower to comply in all material respects with all applicable governmental
        regulations, zoning and building laws.

         
	
        25a

         
	
        Review the zoning report and title policy for an
indication that 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 CREFI
Mortgage Loan as of the date of origination of such CREFI Mortgage Loan (or related Whole Loan, as applicable) or as of the Cut-off
Date, other than those which (i) constitute a legal non-conforming use or structure, as to which as the Mortgaged Property may
be restored or repaired to the full extent necessary to maintain the use of the structure immediately prior to a casualty or the
inability to restore or repair to the full extent necessary to maintain the use or structure immediately prior to the casualty
would not materially and adversely affect the use or operation of the Mortgaged Property, (ii) are insured by the Title Policy
or other insurance policy, (iii) are insured by law and ordinance insurance coverage in amounts customarily required by the Mortgage
Loan Seller for loans originated for securitization that provides coverage for additional costs to rebuild and/or repair the property
to current Zoning Regulations or (iv) would not have a material adverse effect on the CREFI Mortgage Loan. If such indication
is found, it will be a Test pass.
	
        Zoning Report; Title Policy

         

	
        25b

         
	
        Review the Mortgage Loan Documents for provisions
that require the Borrower to comply in all material respects with all applicable governmental regulations, zoning and building
laws. If such provisions are found,
	
        Mortgage Loan Documents

         

 

    Exhibit QQ-C-24

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	 	 	it will be a Test pass.	 
	 	
        25c

         
	
        Review the MS Servicer Notices to determine if
the Mortgage Loan Seller had knowledge of a material violation of Zoning Regulations as outlined in test 25a above. If no indication
is found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        26. Licenses and Permits. Each Borrower 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 Mortgage Loan Seller’s knowledge based upon
        a letter from any government authorities, zoning consultant’s report or other affirmative investigation of local law compliance
        consistent with the investigation conducted by the Mortgage Loan Seller for similar commercial, multifamily or, if applicable,
        manufactured housing community mortgage loans intended for securitization, all such material licenses, permits and applicable governmental
        authorizations are in effect. The CREFI Mortgage Loan requires the related Borrower to be qualified to do business in the jurisdiction
        in which the related Mortgaged Property is located.

         
	
        26a

         
	
        Review the Mortgage Loan Documents to determine
if the Borrower has covenanted to keep all material licenses, permits and applicable governmental authorizations necessary for
its operation of the Mortgaged Property in full force and effect. If so determined, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        26b

         
	
        Review the Mortgage Loan Documents and the MS Servicer
Notices for a notation or other indication that the Mortgage Loan Seller had knowledge that any licenses, permits, franchises,
certificates of occupancy and applicable governmental authorizations necessary for the operation of the Mortgaged Property are
not in effect. If such a notation or other indication is not found, it will be a Test pass.
	
        Mortgage Loan Documents; MS Servicer Notices

         

	
        26c

         
	
        Review the Mortgage Loan Documents for provisions
requiring the related Mortgagor to be qualified to do business in the jurisdiction in which the Mortgaged Property is located.
If such provisions are found, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        27. Recourse Obligations. The Loan Documents
for each CREFI Mortgage Loan provide that (a) the related Borrower and at least one individual or entity shall be fully liable
for actual losses, liabilities, costs and damages arising from certain acts of the related Borrower and/or its principals specified
in the related Loan Documents, which acts generally include the following: (i) acts of fraud or intentional material misrepresentation,
(ii) misapplication or misappropriation of rents (if after an event of default under the Mortgage Loan), insurance proceeds or
condemnation awards, (iii) intentional material physical waste of 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
	
        27a

         
	
        Review the Mortgage Loan Documents for each CREFI
Mortgage Loan for provisions outlined in clauses (a) (i) through (v) and (b) of the representation and warranty 27. If such provisions
are found, it will be a Test pass.
	
        Mortgage Loan Documents

         

 

    Exhibit QQ-C-25

     

    
 

	
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	Test
	
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	waste), and (iv) any breach of the environmental covenants contained in the related Loan Documents, and (b) the CREFI Mortgage Loan shall become full recourse to the related Borrower and at least one individual or entity, if the related Borrower files a voluntary petition under federal or state bankruptcy or insolvency law.	 	 	 
	
        28. 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, or partial Defeasance (as defined in representation
and warranty 33), 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 CREFI Mortgage Loan, (b) upon
payment in full of such CREFI Mortgage Loan, (c) upon a Defeasance (as defined in representation and warranty 33), (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 CREFI 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 CREFI Mortgage Loan within
the meaning of Section 1.860G-2(b)(2) of the Treasury Regulations and (ii) would not cause the subject CREFI Mortgage Loan to
fail to be a “qualified mortgage” within the meaning of Code Section 860G(a)(3)(A); or (y) the mortgagee or servicer
can, in accordance with the related Loan Documents, condition such release of collateral on the related Borrower’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), 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 CREFI

         
	
        28a

         
	
        Review the Mortgage Loan Documents for provisions
stating that, if the related Mortgage Loan Documents permit a property release, the only conditions under which a property may
be released during the life of the CREFI Mortgage Loan are as set forth in clauses (a) through (e) of the first sentence of representation
and warranty 28. If such provisions are found, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        28b

         
	
        Review the Mortgage Loan Documents for provisions
stating that with respect to any partial release described in clauses (a) or (d) of the first sentence of representation and warranty
28 either: (x) such release of collateral (i) would not constitute a “significant modification” of the subject CREFI
Mortgage Loan within the meaning of Section 1.860G-2(b)(2) of the Treasury Regulations and (ii) would not cause the subject CREFI
Mortgage Loan to fail to be a “qualified mortgage” within the meaning of Section 860G(a)(3)(A); or (y) the Mortgagee
or servicer can, in accordance with the related Loan Documents, condition such release of collateral on the related Borrower’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), 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 CREFI Mortgage Loan and (2) a proportionate amount of any lien on the real property
that is in parity with the CREFI Mortgage Loan) after the release is not equal to at least 80% of the principal balance of the
CREFI Mortgage Loan or Whole Loan, as applicable, outstanding after the release, the Borrower is required to make a payment of
	
        Mortgage Loan Documents

         

 

    Exhibit QQ-C-26

     

    
 

	
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	Test
	
        Review Materials

	
        Mortgage Loan and (2) a proportionate amount of any
        lien on the real property that is in parity with the CREFI Mortgage Loan) after the release is not equal to at least 80%
        of the principal balance of the CREFI Mortgage Loan (or Whole Loan, as applicable) outstanding after the release, the
        Borrower is required to make a payment of principal in an amount not less than the amount required by the REMIC
        Provisions.

         

        In the case of any CREFI Mortgage Loan, in the event of
        a condemnation or taking of any portion of a Mortgaged Property by a State or any political subdivision or authority thereof, whether
        by legal proceeding or by agreement, the Borrower can be required to pay down the principal balance of the CREFI Mortgage Loan
        in an amount not less than the amount required by the REMIC Provisions and, to such extent, condemnation proceeds may not be required
        to be applied to the restoration of the Mortgaged Property or released to the Borrower, 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 CREFI Mortgage Loan and (2) a proportionate amount of any lien on the real property that is in parity with
        the CREFI Mortgage Loan) is not equal to at least 80% of the remaining principal balance of the CREFI Mortgage Loan (or Whole Loan,
        as applicable).

         

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

         
	 	principal in an amount not less than the amount required by the REMIC Provisions. If such provisions are found, it will be a Test pass.	 
	
        28c

         
	
        Review the Mortgage Loan Documents for provisions
stating that in the case of any CREFI Mortgage Loan, in the event of a taking of any portion of a Mortgaged Property by a State
or any political subdivision or authority thereof, whether by legal proceeding or by agreement, the Borrower can be required to
pay down the principal balance of the CREFI Mortgage Loan or Whole Loans, as applicable, in an amount not less than the amount
required by the REMIC Provisions and, to such extent, condemnation proceeds may not be required to be applied to the restoration
of the Mortgaged Property or released to the Borrower, 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 CREFI Mortgage
Loan and (2) a proportionate amount of any lien on the real property that is in parity with the CREFI Mortgage Loan) is not equal
to at least 80% of the remaining principal balance of the CREFI Mortgage Loan or Whole Loan, as applicable. If such provisions
are found, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        28d

         
	
        Review the Mortgage Loan Documents for provisions
stating that no CREFI Mortgage Loan that is secured by more than one Mortgaged Property or that is a Crossed Mortgage Loan permits
the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to a partial condemnation,
other than in compliance with the loan-to-value ratio and other requirements of the REMIC Provisions. If such provisions are
found, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        29. Financial Reporting and Rent Rolls.
Each CREFI Mortgage
	
        29a
	
        Review the Mortgage Loan Documents for provisions
	
        Mortgage Loan Documents

 

    Exhibit QQ-C-27

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	Loan requires the Borrower 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.	 	that require the Borrower to provide the owner or holder of the Mortgage with quarterly (other than for single-tenant properties) and annual operating statements. If such provisions are found, it will be a Test pass.	 
	
        29b

         
	
        Review the Mortgage Loan Documents for provisions
that require the Borrower to provide the owner or holder of the CREFI Mortgage Loan with 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. If such provisions are found, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        30. Acts of Terrorism Exclusion. With respect
to each CREFI 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 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 CREFI Mortgage
Loan, the related special-form 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 CREFI Mortgage Loan, and, to the Mortgage Loan 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 CREFI 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 except to the extent that any right to require such coverage may be limited by commercial availability
on commercially reasonable terms, or as otherwise indicated on Exhibit C to the related CREFI Mortgage Loan Purchase Agreement;
provided, however, that if TRIA or a similar or
	
        30a

         
	
        Review the Mortgage Loan Documents to determine
if the original principal balance was greater than $20 million. If so, review the insurance coverage review document for an indication
that the 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, from coverage, or if they do, there exists a separate terrorism
insurance policy related to the Mortgaged Property. If such an indication is found, it will be a Test pass.
	
        Mortgage Loan Documents; Insurance coverage review document

         

	
        30b

         
	
        Review the insurance policy to determine if, as
of the Cut-off Date, the related special all-risk insurance policy and business interruption policy specifically excluded acts
of terrorism from coverage, and if such coverage is excluded, the related Mortgaged Property was not covered by a separate terrorism
insurance policy. If not so determined, it will be a Test pass.
	
        Mortgage Loan Documents; Insurance

         

        Policy

         

	
        30c

         
	
        Review the Mortgage Loan Documents for provisions
that do not expressly waive or prohibit the Mortgagee from requiring coverage for Acts of Terrorism, as defined in TRIA (as defined
in representation and warranty 30), or damages related thereto, except to the extent that any right to require such coverage may
be
	
        Mortgage Loan Documents

         

 

    Exhibit QQ-C-28

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	subsequent statute is not in effect, then, provided that terrorism insurance is commercially available, the Borrower under each CREFI Mortgage Loan is required to carry terrorism insurance, but in such event the Borrower shall not be required to spend on terrorism insurance coverage more than two times the amount of the insurance premium that is payable 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) at such time, and if the cost of terrorism insurance exceeds such amount, the Borrower is required to purchase the maximum amount of terrorism insurance available with funds equal to such amount.	 	limited by commercial availability on commercially reasonable terms, or as otherwise indicated on Exhibit C to the applicable CREFI Mortgage Loan Purchase Agreement, provided, that if TRIA or a similar or subsequent statute is not in effect, then, provided that terrorism insurance is commercially available, the Borrower under each CREFI Mortgage Loan is required to carry terrorism insurance, but in such event the Borrower shall not be required to spend on terrorism insurance coverage more than two times the amount of the insurance premium that is payable in respect of the property and business interruption/rental loss insurance required under the related Mortgage Loan Documents (without giving effect to the cost of terrorism and earthquake components of such casualty and business interruption/rental loss insurance) at such time, and if the cost of terrorism insurance exceeds such amount, the Mortgagor is required to purchase the maximum amount of terrorism insurance available with funds equal to such amount. If such provisions are not found, it will be a Test pass.	 
	
        31. Due on Sale or Encumbrance. Subject
to specific exceptions set forth below, each CREFI Mortgage Loan contains a “due on sale” or other such provision
for the acceleration of the payment of the unpaid principal balance of such CREFI 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 lender which are customarily acceptable
to the Mortgage Loan Seller 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 Borrower, 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
	
        31a

         
	
        Review the Mortgage Loan Documents for “due
on sale” or other such provisions for the acceleration of the payment of the unpaid principal balance of such CREFI Mortgage
Loan in the circumstances described in the first sentence of representation and warranty 31. If such provisions are found, it
will be a Test pass.
	
        Mortgage Loan Documents

         

	
        31b

         
	
        Review the Mortgage Loan Documents for provisions
that require that if Rating Agency fees are incurred in connection with the review of and consent to any transfer or encumbrance,
the Borrower is responsible for such payment along with all other reasonable fees and expenses incurred by the lender relative
to such transfer or encumbrance. If such provisions are found, it will be a Test pass. 
	
        Mortgage Loan Documents

         

 

    Exhibit QQ-C-29

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	
        related Loan Documents, (iii) transfers of less than,
        or other than, a controlling interest in the related Borrower, (iv) transfers to another holder of direct or indirect
        equity in the Borrower, 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, (vi) a substitution or release of collateral within the parameters of representation and warranty
        28 and 33 or the exceptions thereto set forth in Exhibit C of the related CREFI Mortgage Loan Purchase Agreement, or (vii) by
        reason of any mezzanine debt that existed at the origination of the related Mortgage Loan as set forth on Schedule B-2 to
        Exhibit B of the related CREFI Mortgage Loan Purchase Agreement, or future permitted mezzanine debt in each case as set forth
        on Schedule B-2 to Exhibit B of the related CREFI Mortgage Loan Purchase Agreement 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 or any subordinate debt that existed at origination and is permitted under the related Loan Documents, (ii) purchase
        money security interests, (iii) any Crossed Mortgage Loan as set forth on Schedule B-3 to Exhibit B of the related CREFI
        Mortgage Loan Purchase Agreement 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
        Borrower is responsible for such payment along with all other reasonable fees and expenses incurred by the Mortgagee relative
        to such transfer or encumbrance.
	 	 	 
	
        32. Single-Purpose Entity. Each CREFI Mortgage
Loan requires the Borrower to be a Single-Purpose Entity for at least as long as the CREFI Mortgage Loan is outstanding. Both
the Loan Documents and the organizational documents of the Borrower with respect to each CREFI Mortgage Loan with a Cut-off Date
Stated Principal Balance in excess of $5 million provide that the Borrower is a Single-Purpose Entity, and each CREFI Mortgage
Loan with a Cut-off Date Stated Principal Balance of $20 million or more has a counsel’s opinion regarding non-consolidation
of the Borrower. For this purpose, a “Single-Purpose Entity” shall mean
	
        32a

         
	
        Review the Mortgage Loan Documents for provisions
that require that the Borrower to be a Single-Purpose Entity (as defined in representation and warranty 32) for at least as long
as any CREFI Mortgage Loan is outstanding. If such provisions are found, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        32b

         
	
        Review the Mortgage Loan Schedule for the Cut-off
Date Balance of the CREFI Mortgage Loan. If the CREFI Mortgage Loan had a Cut-off Stated Principal Date Balance in excess of $5
million, review the
	
        Mortgage Loan Schedule; Mortgage Loan Documents; Mortgagor’s
        organizational documents

         

 

    Exhibit QQ-C-30

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	an entity, other than an individual, whose organizational documents (or if the CREFI Mortgage Loan has a Cut-off Date Stated Principal 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 CREFI 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 Borrower for a Crossed Mortgage Loan), and that it holds itself out as a legal entity, separate and apart from any other person or entity.	 	related Mortgage Loan Documents and the Borrower’s organizational documents for provisions that require the Borrower to be a Single-Purpose Entity and that the Mortgagor’s organizational documents are consistent with the requirement. If so determined, it will be a Test pass.	 
	
        32c

         
	
        Review the Mortgage Loan Schedule for the Cut-off
Date Balance of the CREFI Mortgage Loan. If the CREFI Mortgage Loan had a Cut-off Stated Principal Date Balance in excess of $20
million, review the Mortgagor’s Counsel Opinion regarding non-consolidation of the Mortgagor. If such an opinion is found,
it will be a Test pass.
	
        Mortgage Loan Schedule; Mortgagor’s Counsel Opinion

         

	
        33. Defeasance. With respect to any CREFI
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 Borrower, subject to satisfaction of conditions specified in the Loan Documents;
(ii) the CREFI Mortgage Loan cannot be defeased within two years after the Closing Date; (iii) the Borrower is permitted to pledge
only United States “government securities” within the meaning of Section 1.860G-2(a)(8)(ii) of the Treasury Regulations,
the revenues from which will, in the case of a full Defeasance, be sufficient to make all scheduled payments under the CREFI 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 premium) or, if the CREFI Mortgage Loan is an ARD Loan,
the entire principal balance outstanding on the 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 premium), and if the CREFI Mortgage Loan permits partial releases
of real property in connection with partial Defeasance, the revenues from the collateral will be sufficient to
	
        33

         
	
        Review the Mortgage Loan Documents for provisions allowing
        the CREFI Mortgage Loan to be defeased, and if so, whether such Mortgage Loan Documents contain the provisions described in clauses
        (i) through (vii) of representation and warranty 33. If such provisions are found, it will be a Test pass.

         
	
        Mortgage Loan Documents

         

 

    Exhibit QQ-C-31

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	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 CREFI Mortgage Loan; (iv) the Borrower 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 clause (iii) above; (v) if the Borrower would continue to own assets in addition to the Defeasance collateral, the portion of the CREFI 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 Borrower 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 Borrower is required to pay all rating agency fees associated with Defeasance (if rating confirmation is a specific condition precedent thereto) and all other reasonable expenses associated with Defeasance, including, but not limited to, accountant’s fees and opinions of counsel.	 	 	 
	
        34. Fixed Interest Rates. Each CREFI Mortgage Loan
        bears interest at a rate that remains fixed throughout the remaining term of such CREFI Mortgage Loan, except in the case of any
        ARD Loan and situations where default interest is imposed.

         
	
        34

         
	
        Review the Mortgage Loan Documents for an indication
that the loan has a fixed interest rate that remains fixed throughout the term of such CREFI Mortgage Loan, except in the case
of any ARD Loans and situations where default interest is imposed. If such an indication is found, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        35. Ground Leases. For purposes of the Mortgage
Loan Purchase Agreement, 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, or with respect to air
rights leases, the air, 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.
	
        35a

         
	
        Review the appraisal to determine if the CREFI
Mortgage Loan is secured by a Ground Lease (as defined in representation and warranty 35), in whole or in part. If so, review
the Title Policy and Mortgage Loan Documents for an indication that the related Mortgage does not also encumber the lessor’s
fee interest in the Mortgaged Property. If such an indication exists, proceed to Tests 35b through 35q.
	
        Appraisal; Title Policy; Mortgage Loan Documents

         

	
        35b

         
	
        Review the Title Policy and Mortgage Loan Documents
for an indication that the Ground Lease or memorandum has been recorded or submitted for recordation. If such indication is found,
it will be a Test
	
        Title Policy; Mortgage Loan Documents

         

 

    Exhibit QQ-C-32

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	
        With respect to any CREFI Mortgage Loan where the CREFI
        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 Mortgage Loan Seller, its successors and assigns, the Mortgage
        Loan 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;

         

        (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 lender, and no such consent has been granted by the Mortgage Loan Seller since the origination of the CREFI Mortgage
        Loan except as reflected in any written instruments which are included in the related Mortgage File;

         

        (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 Borrower or the mortgagee) that extends not less than 20 years beyond the
stated maturity of the related CREFI Mortgage Loan, or 10 years past the stated maturity if such CREFI Mortgage Loan fully amortizes
by the stated maturity (or with respect to a CREFI Mortgage Loan that accrues on an actual 360 basis, substantially amortizes);
	 	pass.	 
	
        35c

         
	
        Review the Ground Lease and any estoppel or other
agreement received from the ground lessor for an indication that the interest of the lessee is permitted to be encumbered by the
Mortgage and does not restrict the use of the Mortgaged Property by such lessee, its successors or assigns in a manner that would
adversely affect the security provided by the Mortgage. If such indication is found, it will be a Test pass.
	
        Ground Lease; estoppel or other agreement received from
        ground lessor

         

	
        35d

         
	
        Review the Ground Lease received from the ground
lessor for a provision that the Ground Lease may not be amended or modified or canceled or terminated without the prior written
consent of the lender, and no such consent has been granted by the Mortgage Loan Seller since the origination of the CREFI Mortgage
Loan except as reflected in any written instruments which are included in the related Mortgage File. Review the MS Servicer Notices
for an indication of such consent granted by the Mortgage Loan Seller since the origination of the CREFI Mortgage Loan except
as reflected in any instruments including in the related Mortgage File. If such a provision is found and no indication is found,
it will be a Test pass.
	
        Ground Lease; MS Servicer Notices; estoppel or other agreement
        received from ground lessor

         

	
        35e

         
	
        Review the Ground Lease and any estoppel or other
agreement received from the ground lessor for an indication that it 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 CREFI Mortgage Loan, or ten years past
the stated maturity if such CREFI Mortgage Loan fully amortizes by the stated maturity (or with respect to a CREFI Mortgage Loan
that accrues on an actual 360 basis, substantially amortizes). If such an indication is found, it will be a Test pass.
	
        Ground Lease; estoppel or other agreement received from
        ground lessor

         

	
        35f
	
        Review the Title Policy for an indication that
the
	
        Title Policy; SNDA

 

    Exhibit QQ-C-33

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	
        (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 CREFI Mortgage Loan and its successors and assigns without the consent of the lessor thereunder, and in the
        event it is so assigned, it is further assignable by the holder of the CREFI Mortgage Loan and its successors and assigns without
        the consent of the lessor;

         

        (f)    The
        Mortgage Loan Seller has not received any written notice of material default under or notice of termination of such Ground Lease.
        To the Mortgage Loan 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
        Mortgage Loan 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 lender written notice
        of any default, and provides that no notice of default or termination is effective against the lender unless such notice is given
        to the lender;

         

        (h)   A
lender is permitted a reasonable opportunity (including, where necessary, sufficient time to gain possession of the interest of
the lessee under the Ground Lease through legal proceedings) to cure any default under the Ground Lease which is curable after
the lender’s receipt of notice of any default before the lessor may terminate the Ground Lease;
	 	Ground Lease is 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. If either indication is found, it will be a Test pass.	 
	
        35g

         
	
        Review the Ground Lease and any estoppel or other
agreement received from the ground lessor for an indication that 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 CREFI Mortgage Loan and its successors
and assigns without the consent of the lessor thereunder. If such indication is found, it will be a Test pass.
	
        Ground Lease; estoppel

         

	
        35h

         
	
        Review the Ground Lease for an indication that
in the event it is so assigned, it is further assignable by the holder of the CREFI Mortgage Loan and its successors and assigns
without the consent of the lessor. If such indication is found, it will be a Test pass.
	
        Ground Lease

         

	
        35i

         
	
        Review the MS Servicer Notices for notation that
the Mortgage Loan Seller has received any written notice of material default under or notice of termination of such Ground Lease.
If no such notation is found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        35j

         
	
        Review the MS Servicer Notices for notation that
to the Mortgage Loan Seller’s knowledge, there is a material default under such Ground Lease or 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. If no such notation
is found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        35k
	
        Review the MS Servicer Notices for a notation that
to
	
        MS Servicer Notices

 

    Exhibit QQ-C-34

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	
        (i)    The
        Ground Lease does not impose any restrictions on subletting that would be viewed as commercially unreasonable by the Mortgage Loan
        Seller in connection with loans originated for securitization;

         

        (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 clause (k) below) 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 lender 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 CREFI
        Mortgage Loan, together with any accrued interest;

         

        (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 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 CREFI Mortgage Loan,
        together with any accrued interest; and

         

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

         
	 	the Mortgage Loan Seller’s knowledge, such Ground Lease was not in full force and effect as of the Closing Date. If no such notation is found, it will be a Test pass.	 
	
        35l

         
	
        Review the Ground Lease and any ancillary agreement
between the lessor and lessee for provisions that the lessor is required to give to the lender written notice of any default,
and provide that no notice of default or termination is effective against the lender unless such notice is given to the lender.
If such provisions are found, it will be a Test pass.
	
        Ground Lease; ancillary agreement

         

	
        35 m

         
	
        Review the Ground Lease and Related Documents for
provisions that the lender is permitted a reasonable opportunity (including, where necessary, sufficient time to gain possession
of the interest of the lessee under the Ground Lease through legal proceedings) to cure any default under the Ground Lease which
is curable after the lender’s receipt of notice of any default before the lessor may terminate the Ground Lease. If such
provisions are found, it will be a Test pass.
	
        Ground Lease and Related Documents

         

	
        35n

         
	
        Review the Ground Lease for provisions that impose
any commercially unreasonable restrictions on subletting in connection with loans originated for securitization. If no such provisions
are found, it will be a Test pass.
	
        Ground Lease

         

	
        35o

         
	
        Review the Ground Lease and any estoppel or other
agreement received from the ground lessor and the related Mortgage and the Mortgage Loan Documents for an indication that 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 clause (34(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
	
        Ground Lease; estoppel or other agreement received from
        ground lessor; Mortgage Loan Documents

         

 

    Exhibit QQ-C-35

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	 	 	Mortgage Loan Documents) the lender 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 CREFI Mortgage Loan, together with any accrued interest. If such indications are found, it will be a Test pass.	 
	
        35p

         
	
        Review the Ground Lease and any estoppel or other
agreement received from ground lessor and the Mortgage Loan Documents for an indication that, 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 CREFI Mortgage Loan, together with any accrued interest.
If such an indication is found, it will be a Test pass.
	
        Ground Lease; estoppel or other agreement received from
        ground lessor; Mortgage Loan Documents

         

	
        35q

         
	
        Review the Ground Lease for provisions that, provided
that the lender cures any defaults which are susceptible to being cured, the ground lessor has agreed to enter into a new lease
with the lender upon termination of the Ground Lease for any reason, including rejection of the Ground Lease in a bankruptcy proceeding.
If such provisions are found, it will be a Test pass.
	
        Ground Lease

         

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

         
	
        36

         
	
        Review the MS Servicer Notices for a notation or
other indication of any claims or assertions to the effect that the servicing and collection practices used by the Mortgage Loan
Seller with respect to the CREFI Mortgage Loan was not in all material respects legal, or in accordance customary industry standards
for servicing of commercial loans for conduit loan programs. If such a notation or other indication is not found, it will be a
Test pass.
	
        MS Servicer Notices

         

 

    Exhibit QQ-C-36

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	
        37. Origination and Underwriting. The origination
        practices of the Mortgage Loan Seller (or the related originator if the Mortgage Loan Seller was not the originator) with respect
        to each CREFI Mortgage Loan have been, in all material respects, legal and as of the date of its origination, such CREFI Mortgage
        Loan 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 CREFI 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 Exhibit D of the CREFI
        Mortgage Loan Purchase Agreement.

         
	
        37

         
	
        Review the MS Servicer Notices for notation to
the effect that the origination practices of the Mortgage Loan Seller (or the related originator if the Mortgage Loan Seller was
not the originator) with respect to each CREFI Mortgage Loan have not been, in all material respects, legal and as of the date
of its origination, such CREFI Mortgage Loan, or the origination thereof did not comply in all material respects with, or was
exempt from, all requirements of federal, state or local law relating to the origination of such CREFI Mortgage Loan; provided
that representation and warranty 37 does not address or otherwise cover any matters with respect to federal, state or local law
otherwise covered in Exhibit D of the CREFI Mortgage Loan Purchase Agreement. If no such notation is found, it will be a Test
pass.
	
        MS Servicer Notices; CREFI Mortgage Loan Purchase
Agreement

         

	
        38. No Material Default; Payment Record.
No CREFI Mortgage Loan has been more than 30 days delinquent, without giving effect to any grace or cure period, in making required
payments since origination, and as of the date hereof, no CREFI 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 Mortgage Loan Seller’s knowledge, there
is (a) no material default, breach, violation or event of acceleration existing under the related CREFI 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 clause (a) or clause (b), materially and adversely affects
the value of the CREFI 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 Mortgage Loan Seller
in Exhibit D to the CREFI Mortgage Loan Purchase Agreement. No person other than the holder of such CREFI Mortgage Loan may declare
any event of
	
        38a

         
	
        Review the MS Servicer Notices for notation that
(i) the CREFI Mortgage Loan has been more than 30 days delinquent, giving effect to any grace or cure period, in making required
payments as of the Closing Date, or (ii) the CREFI Mortgage Loan was delinquent beyond any applicable grace or cure periods as
of the Cut-off Date. If no such notation is found, it will be a Test pass.
	
        MS Servicer Notices

         

	
        38b

         
	
        Review the MS Servicer Notices for notation of
the Mortgage Loan Seller’s knowledge of (a) a material default, breach, violation or event of acceleration existing under
the related CREFI Mortgage Loan, or (b) an 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 clause (a) or clause (b), materially
and adversely affects the value of the CREFI Mortgage Loan or the value, use or operation of the related Mortgaged Property. If
no such notation is found, it will be a Test pass.
	
        MS Servicer Notices

         

 

    Exhibit QQ-C-37

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	default under the CREFI Mortgage Loan or accelerate any indebtedness under the Loan Documents.	 	 	 
	
        39. Bankruptcy. As of the date of origination of
        the related CREFI Mortgage Loan and, to the Mortgage Loan Seller’s knowledge, as of the Cut-off Date, no related Borrower,
        guarantor or tenant occupying a single tenant property is a debtor in state or federal bankruptcy, insolvency or similar proceeding.

         
	
        39

         
	
        Review the Lexis/Nexis (or comparable search) and
the MS Servicer Notices for an indication that a Borrower, guarantor or tenant occupying a single-tenant property was a debtor
in, a state or federal bankruptcy, insolvency or similar proceeding. If no such indication or notation is found, it will be a
Test pass.
	
        Lexis/Nexis (or comparable) search; MS Servicer Notices

         

	
        40. Organization of Mortgagor. With respect to each
        CREFI Mortgage Loan, in reliance on certified copies of the organizational documents of the Borrower delivered by the Borrower
        in connection with the origination of such CREFI Mortgage Loan, the Borrower 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 Crossed Mortgage
        Loan, no CREFI Mortgage Loan has a Borrower that is an Affiliate of another Borrower under another Mortgage Loan. (An “Affiliate”
        for purposes of this representation and warranty 40 means, a Borrower that is under direct or indirect common ownership and control
        with another Borrower.)

         
	
        40a

         
	
        Review the organizational documents of the Borrower
to determine if there are certified copies indicating that the Borrower 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. If such indication is found, it will be
a Test pass.
	
        Organizational Documents of the

         

        Mortgagor

         

	
        40b

         
	
        Review the MS Servicer Notices to determine if
there is any indication that, except with respect to any CREFI Mortgage Loan that is a Crossed Mortgage Loan, no CREFI Mortgage
Loan has a Borrower that is an affiliate of another Mortgagor under another CREFI Mortgage Loan. If such an indication is found,
it will be a Test pass.
	
        MS Servicer Notices; Prospectus

         

	
        41. 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 CREFI
Mortgage Loans, a Phase II environmental site assessment (collectively, an “ESA”) meeting ASTM requirements
conducted by a reputable environmental consultant in connection with such CREFI Mortgage Loan within 12 months prior to its origination
date (or an update of a previous ESA was prepared), and such ESA either (i) did not identify the existence of recognized environmental
conditions (as such term is defined in ASTM E1527-05 or its successor, hereinafter “Environmental Condition”)
at the related Mortgaged Property or the need for further investigation with respect to any Environmental Condition that was identified,
or (ii) if the existence of an Environmental Condition or need for further investigation was indicated in any such ESA, then at
least
	
        41a

         
	
        Review any ESA (as defined in representation and
warranty 41) for indication that it met the ASTM requirements and was conducted by a reputable environmental consultant within
12 months prior to the origination date of the CREFI Mortgage Loan (or an update of a previous ESA prepared). If such an indication
is found, it will be a Test pass.
	
        ESA

         

	
        41b

         
	
        Review the ESA for an indication that it identified
(i) the existence of a Recognized Environmental Condition at the related Mortgaged Property or (ii) the need for further investigation
with respect to any Environmental Condition that was identified. If no such indication is found, it will be a Test pass.
	
        ESA

         

	
        41c
	
        Review the ESA for an indication that it identified
(i)
	
        ESA; Escrow Statements; Mortgage

 

    Exhibit QQ-C-38

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	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 Borrower and is held or controlled by the related lender; (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, and 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 Borrower that 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 Condition 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) a secured creditor environmental policy or a pollution legal liability insurance policy that covers liability for the Environmental Condition was obtained from an insurer rated no less than A- (or the equivalent) by Moody’s Investors Service, Inc., S&P Global Ratings and/or Fitch Ratings, Inc.; (E) a party not related to the Borrower was identified as the responsible party for such Environmental Condition and such responsible party has financial resources reasonably estimated to be adequate to address the situation; or (F) a party related to the Borrower having financial resources reasonably estimated to be adequate to address the situation is required to take action. To the Mortgage Loan Seller’s knowledge, except as set forth in the ESA, there is no Environmental Condition (as such term is defined in ASTM E1527-05 or its successor) at the related Mortgaged Property.	 	the existence of a recognized environmental condition at the related Mortgaged Property or (ii) the need for further investigation with respect to any Environmental Condition that was identified. If such an indication is found, the following test procedures (subparts 41c-1 through 41c-6) will be performed. If any of the subparts indications are found, it will be a Test pass.	Loan Documents
	 	
        1. Review escrow statements for an indication that
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 Mortgagor and
is held by the related Mortgagee.
	
        Escrow statements

         

	 	
        2. Review the ESA for an indication that if the
only Environmental Condition relates to the presence of asbestos-containing materials, radon in indoor air or lead based paint
or lead in drinking water, the only recommended action in the ESA is the institution of such a plan, and if so, a review of the
Mortgage Loan Documents indicates that 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.
	
        ESA; Mortgage Loan Documents

         

	 	
        3. Review any no further action or closure letter
from the applicable governmental regulatory authority or a reputable environmental consultant for an indication that any Environmental
Condition identified in the ESA was remediated or abated in all material respects prior to the Cut-off Date.
	
        No further action or closure letter regarding Environmental
        Condition

         

	 	
        4. Review the insurance coverage review documents
for an indication that a secured creditor environmental policy or a pollution legal liability insurance policy that covers liability
for the Environmental Condition was obtained from an insurer rated no less than A- (or the equivalent) by Moody’s Investors
Service, Inc., S&P Global Ratings and/or Fitch Ratings, Inc.
	
        Insurance coverage review documents

         

 

    Exhibit QQ-C-39

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	 	 	
        5. Review the Mortgage Loan Documents for an indication
that a party not related to the Mortgagor was identified as the responsible party for the Environmental Condition and such responsible
party has financial resources considered by the Mortgage Loan Seller to be adequate to address the situation.
	
        Mortgage Loan Documents

         

	 	
        6. Review the Mortgage Loan Documents for an indication
that a party related to the Borrower having financial resources estimated by the Mortgage Loan Seller to be adequate to address
the situation is required to take action.
	
        Mortgage Loan Documents

         

	
        41d

         
	
        Review the MS Servicer Notices for notation of
the Mortgage Loan Seller’s knowledge of any environmental condition at the Mortgaged Property other than any set forth in
the ESA or in the Prospectus. If no such notation is found, it will be a Test pass.
	
        MS Servicer Notices; ESA

         

	
        42. Appraisal. The Servicing File contains an appraisal
        of the related Mortgaged Property with an appraisal date within 6 months of the CREFI Mortgage Loan origination date, and within
        12 months of the Closing Date. The appraisal is signed by an appraiser who is either a Member of the Appraisal Institute (“MAI”)
        and/or has been licensed and certified to prepare appraisals in the state where the Mortgaged Property is located. 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 and
        has certified that such appraiser had no interest, direct or indirect, in the Mortgaged Property or the Borrower or in any loan
        made on the security thereof, and its compensation is not affected by the approval or disapproval of the CREFI Mortgage Loan.

         
	
        42a

         
	
        Review the appraisal to determine if it was dated
within 6 months of the CREFI Mortgage Loan origination date and within 12 months of the Closing Date. If so determined, it will
be a Test pass.
	
        Appraisal

         

	
        42b

         
	
        Review the appraisal to determine if it includes
an appraiser’s certification or supplemental letter that indicates that the appraiser had no interest, direct or indirect, in
the Borrower, the Mortgaged Property or any loan made on the security of the Mortgaged Property. If so determined, it will be
a Test pass.
	
        Appraisal

         

	
        42c

         
	
        Review the appraisal to determine if it signed
by an appraiser who is a Member of the Appraisal Institute (“MAI”) and/or has been licensed and certified to
prepare appraisals in the state where the Mortgaged Property is located, and that the appraiser’s compensation is not affected
by the approval or disapproval of the CREFI Mortgage Loan. If so determined, it will be a Test pass.
	
        Appraisal

         

 

    Exhibit QQ-C-40

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	 	
        42d

         
	
        Review the appraisal to determine if it includes
documentation in the appraisal or a 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. If so determined, it will be
a Test pass.
	
        Appraisal

         

	
        43. Mortgage Loan Schedule. The information pertaining
        to each CREFI Mortgage Loan which is set forth in the mortgage loan schedule attached as Exhibit A to the Mortgage Loan
        Purchase Agreement is true and correct in all material respects as of the Cut-off Date and contains all information required by
        the Mortgage Loan Purchase Agreement to be contained therein.

         
	
        43a

         
	
        Review the Mortgage Loan Schedule attached as an
exhibit to the related CREFI Mortgage Loan Purchase Agreement and compare it to the corresponding information in (i) Annex A to
the Prospectus (ii) Mortgage Loan Documents and (iii) PSA to determine if there are discrepancies between the documents. If there
are no such discrepancies, it will be a Test pass.
	
        Mortgage Loan Schedule; Annex A to Prospectus; Mortgage
        Loan Documents; Pooling and Servicing Agreement

         

	
        43b

         
	
        Compare the information in the Mortgage Loan Schedule
to the requirements of the Mortgage Loan Purchase Agreement to determine if all information required in the Mortgage Loan Purchase
Agreement is contained therein. If so determined, it will be a Test pass.
	
        Mortgage Loan Schedule; PSA

         

	
        44. Cross-Collateralization. No CREFI Mortgage
Loan is cross-collateralized or cross-defaulted with any mortgage loan that is outside the Trust, except (i) with respect to
any CREFI Mortgage Loan that is part of a Whole Loan, any other mortgage loan that is part of such Whole Loan and (ii) with respect
to any Crossed Mortgage Loan, any mortgage loan that is part of a Whole Loan that is cross-collateralized and cross-defaulted
with such Mortgage Loan or with a Whole Loan of which such Mortgage Loan is a part.

         
	
        44

         
	
        Review the Mortgage Loan Documents to determine
if the CREFI Mortgage Loan is cross-collateralized or cross-defaulted with any other CREFI Mortgage Loan that is outside the Trust,
except (i) with respect to any CREFI Mortgage Loan that is part of a Whole Loan, any other mortgage loan that is part of such
Whole Loan and (ii) with respect to any Crossed Mortgage Loan, any mortgage loan that is part of a Whole Loan that is cross-collateralized
and cross-defaulted with such CREFI Mortgage Loan or with a Whole Loan of which such CREFI Mortgage Loan is a part. If not so
determined, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        45. Advance of Funds by Mortgage Loan Seller. After
        origination, no advance of funds has been made by the Mortgage Loan Seller to the related Borrower other than in accordance with
        the Loan Documents, and, to the Mortgage Loan Seller’s knowledge, no

         
	
        45a

         
	
        Review the MS Servicer Notices for a notation or
other indication that an advancement of funds after origination had been made by the Mortgage Loan Seller to the related Borrower
other than in accordance
	
        MS Servicer Notices

         

 

    Exhibit QQ-C-41

     

    
 

	
        Representations and Warranties
	
         
	Test
	
        Review Materials

	funds have been received from any person other than the related Borrower or an affiliate for, or on account of, payments due on the CREFI 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 lender-controlled lockbox if required or contemplated under the related lease or Loan Documents).  Neither the Mortgage Loan Seller nor any affiliate thereof has any obligation to make any capital contribution to any Borrower under a CREFI Mortgage Loan, other than contributions made on or prior to the date hereof.	 	with the Mortgage Loan Documents, or that funds have been received from any person other than the related Borrower or an Affiliate for, or on account of, payments due on the CREFI Mortgage Loan (other than as contemplated by the Mortgage Loan Documents, such as, by way of example and not in limitation of the foregoing, amounts paid by the tenant(s) into a lender controlled lockbox if required or contemplated under the related lease or Loan Documents). If such a notation or other indication is not found, it will be a Test pass.	 
	
        45b

         
	
        Review the Mortgage Loan Documents to determine
if the Mortgage Loan Seller, or an Affiliate, has an obligation to make any capital contribution to any Borrower under a CREFI
Mortgage Loan, other than contributions made on or prior to the Closing Date. If not so determined, it will be a Test pass.
	
        Mortgage Loan Documents

         

	
        46. Compliance with Anti-Money Laundering Laws. Mortgage
        Loan 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 CREFI Mortgage Loan, the failure to comply with which
        would have a material adverse effect on the CREFI Mortgage Loan.

         
	
        46

         
	
        Review the MS Servicer Notices for a notation or
other indication of any claim or assertion that the Mortgage Loan Seller did not comply with its internal procedures with respect
to all applicable anti-money laundering laws and regulations, including without limitation the USA Patriot Act of 2001 in connection
with the origination of any CREFI Mortgage Loan, the failure to comply with which would have a material adverse effect on the
CREFI Mortgage Loan. If such a notation or other indication is not found, it will be a Test pass.
	
        MS Servicer Notices

         

 

    Exhibit QQ-C-42

     

    

 

EXHIBIT
RR

 

FORM
OF CERTIFICATION TO CERTIFICATE ADMINISTRATOR REQUESTING ACCESS TO SECURE DATA ROOM

 

Wells
Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Corporate Trust Services (CMBS)

Benchmark 2019-B14 Mortgage Trust

Email:
trustadministrationgroup@wellsfargo.com

 

		Attention:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14

 

In
accordance with the requirements for obtaining access to the Secure Data Room pursuant to the Pooling and Servicing Agreement
dated as of November 1, 2019 (the “Pooling and Servicing Agreement”), between J.P. Morgan Chase Commercial
Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer
and Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Pentalpha Surveillance
LLC, as Operating Advisor and as Asset Representations Reviewer, with respect to the certificates (the “Certificates”),
the undersigned hereby certifies and agrees as follows:

 

		1.	The
                                         undersigned is an authorized representative of the [Asset Representations Reviewer][Depositor].

 

		2.	The
                                         undersigned acknowledges and agrees that (a) access to the Secure Data Room is being
                                         granted to it solely for purposes of the undersigned carrying out its obligations under
                                         the Pooling and Servicing Agreement (b) it will not disseminate or otherwise make information
                                         contained on the Secure Data Room available to any other person except in accordance
                                         with the Pooling and Servicing Agreement or otherwise with the written consent of the
                                         Depositor and (c) it will only access information relating to the Mortgage Loans to which
                                         the Asset Review relates.

 

		3.	The
                                         undersigned agrees that each time it accesses the Secure Data Room, the undersigned is
                                         deemed to have recertified that the representations above remains true and correct.

 

    Exhibit RR-1

    

    

 

		4.	[The
                                         undersigned is not a Certificateholder, a beneficial owner or a prospective purchaser
                                         of any Certificate.]*

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

	 	[NAME
    OF PARTY],
	 	as
    [role]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

Dated:
_______

  

[J.P.
Morgan Chase Commercial Mortgage Securities Corp.,

as
Depositor]*

	 	 	 
	By:	 	 
	 	[Name]	 
	 	[Title]	 

 

 

 

*       Required
to the extent that a party other than the Asset Representations Reviewer is identified by the Depositor as needing access to the
Secure Data Room.

 

    Exhibit RR-2

    

    

 

EXHIBIT
SS

 

FORM
OF NOTICE OF [ADDITIONAL DELINQUENT LOAN][CESSATION OF DELINQUENT LOAN][CESSATION OF ASSET REVIEW TRIGGER]

 

[Date]

 

	Midland
                                         Loan Services, a Division of PNC Bank, National Association

        

        10851
        Mastin Street

        

        Building
        82, Suite 300

        

        Overland
        Park, Kansas 66210

        

        Attention:
        Executive Vice President – Division Head

        

        Telecopy
        number: 1-888-706-3565

        Email: NoticeAdmin@midlandls.com

         
	 	Pentalpha
                                         Surveillance LLC

                                         375 N. French Road, Suite 100

                                         Amherst, New York 14228

                                         Attention: Benchmark 2019-B14—Transaction Manager

         

        With a copy sent via email to:

         

        notices@pentalphasurveillance.com
        (with Benchmark 2019-B14 in the subject line)

        

 

		Attention:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14

 

In
accordance with Section 12.01(a) of the Pooling and Servicing Agreement dated as of November 1, 2019 (the “Pooling and
Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator and as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer, the Certificate Administrator hereby notifies you that as of [RELATED DISTRIBUTION DATE]:

 

		5.	_____
                                          An additional Mortgage Loan has become a Delinquent Loan.

 

		6.	_____
                                          A Mortgage Loan has ceased to be a Delinquent Loan.

 

		7.	_____ An
                                         Asset Review Trigger has ceased to exist.

 

(check
all that apply)

 

Capitalized
terms used but not defined herein have the respective meanings given to them in the Pooling and Servicing Agreement.

 

    Exhibit SS-1

    

    

 

 

	 	Wells
                                         Fargo Bank, National Association, as Certificate Administrator for the Holders of the
                                         Benchmark 2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series
                                         2019-B14
	 	 
		By:	 
	 	 	[Name]
	 	 	[Title]

 

    Exhibit SS-2

    

    

 

EXHIBIT
TT

 

CERTIFICATE
ADMINISTRATOR RECEIPT OF THE RETAINED CERTIFICATES [UPON TRANSFER]

 

[DATE]

 

	J.P.
                                         Morgan Chase Commercial Mortgage Securities Corp.

                                         383 Madison Avenue, 8th Floor

                                         New York, New York 10179

                                         Attention: Kunal K. Singh

                                         E-mail: US_CMBS_Notice@jpmorgan.com

         

        German
        American Capital Corporation

             as Retaining Sponsor

        

        60
        Wall Street

        New York, New York 10005

        Attention: Lainie Kaye

        
	 

                           
	[APPLICABLE
    RETAINING PARTY’S NOTICE ADDRESS]

 

		Re:	Benchmark
                                         2019-B14 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B14 	 

 

In
accordance with [Section 5.02(e)][Section 5.03(i)] of the Pooling and Servicing Agreement, dated as of November 1, 2019
(the “Agreement”), pursuant to which the captioned series of commercial mortgage pass-through certificates
(the “Certificates”) were issued, the undersigned, as Certificate Administrator, hereby acknowledges receipt
and possession of, and further agrees that it will hereafter hold in the Retained Interest Safekeeping Account, the Certificates
identified on Schedule I attached hereto (the “Subject Certificates”), which constitute some or all of the
[Pooled VRR Interest][Class 225B-VRR Interest Certificates][HRR Certificates], for the benefit of [Retaining Party],
the registered holder of the Subject Certificates, pursuant to the Agreement. Payments on the Subject Certificates will be made
to the registered holder thereof in accordance with the Agreement, including pursuant to any written wiring instructions provided
in accordance with the Agreement.

 

This
receipt is solely for the benefit of the addressee and is non-transferable. Possession of this receipt by any other Person will
not entitle such Person to delivery of, or any rights in respect of, the Subject Certificates. The Subject Certificates are subject
to the restrictions on transfer set forth in, and may not be released from the Retained Interest Safekeeping Account except in
accordance with, the Agreement.

 

Capitalized
terms used but not defined herein shall the respective meanings set forth in the Agreement.

 

    Exhibit TT-1

    

    

	 	 	 	 
	 	WELLS
                                         FARGO BANK, NATIONAL ASSOCIATION,
 not in its individual capacity but solely as Certificate
                                         Administrator	 
	 	 	 
		By:	 
	 	 	Name:
	 	 	Title:

 

    Exhibit TT-2

    

    

 

Schedule
I

 

    Exhibit TT-3

    

    

 

SCHEDULE
1

 

Mortgage
Loans with Additional Debt

 

		1.	225
                                         Bush

		2.	Innovation
                                         Park

		3.	The
                                         Essex

		4.	180
                                         Water

		5.	Legends
                                         at Village West

		6.	Harvey
                                         Building Products

		7.	Osborn
                                         Triangle

		8.	Tysons
                                         Tower

		9.	900
                                         & 990 Stewart Avenue

		10.	Hilton
                                         Cincinnati Netherland Plaza

		11.	Grand
                                         Canal Shoppes

		12.	230
                                         Park Avenue South

		13.	8
                                         West Centre

		14.	Sunset
                                         North

		15.	600
                                         & 620 National Avenue

		16.	City
                                         Hyde Park

 

    Schedule 1-1 

    

    

 

SCHEDULE
2

 

CLass
A-SB Planned Principal Balance SchedulE

 

See
Annex H to the Prospectus.

 

    Schedule 2-1 

    

    

 

SCHEDULE
3 

 

Mortgage
Loans With Escrows or Reserves EXCEEDING IN THE AGGREGATE, 10% OF THE INITIAL PRINCIPAL BALANCE OF THE MORTGAGE LOAN (OR RELATED
WHOLE LOAN, IF APPLICABLE)

 

	Loan
    No.	Loan	Reserve
    Type	Amount
	7	Legends
                                         at Village West

         
	Upfront
    Eng. Reserve, Uprfront TI/LC Reserve, Monthly CapEx Reserve, TI/LC Reserve Cap	$12,737,655.25
	11	900
                                         & 990 Stewart Avenue

         
	Upfront
    CapEx Reserve, Uprfront TI/LC Reserve, Outstanding TI/LC Reserve, Master Lease Reserve, Free Rent Reserve, Ground Lease Reserve	$10,774,228
	13	Oro
                                         Valley Marketplace

         
	Upfront
    Eng. Reserve, Uprfront TI/LC Reserve, Unfunded Obligations Reserve, Walmart CAM Funds, Gap Rent Funds, DSW Cotenancy Funds,
    Monthly CapEx Reserve, TI/LC Reserve Cap	$4,385,388.39
	20	230
                                         Park Avenue South

         
	Existing
    Landlord Obligations Reserve, Rent Concession Reserve	$59,026,648
	21	Villas
                                         on Nueces

         
	Upfron
    CapEx Reserve, Retainage Reserve, Tenant Reimbursement Reserve, Monthly CapEx Reserve, CapEx Reserve Cap	$3,392,937
	24	Florham
                                         Park Corporate Center

         
	Upfront
    Eng. Reserve, Upfront Debt Service Reserve, Obligations Reserve, Managed Healthcare Free Rent Reserve, AHS Free Rent Reserve,
    Unfunded	$7,549,485.446

 

    Schedule 3-1 

    

    

 

	 	 	Tenant
    Obligations Reserve, Free Rent Reserve, Monthly CapEx Reserve, Monthly TI/LC Reserve, TI/LC Reserve Cap	 
	28	Sunset
                                         North

         
	Upfront
    CapEx Reserve, Upfront TI/LC Reserve, Outstanding TI/LC Reserve, Free Rent Reserve, Monthly CapEx Reserve, Monthly TI/LC Reserve,
    CapEx Reserve Cap, TI/LC Reserve Cap	$16,263,177.71
	32	The
                                         Shoppes at Southside

         
	Upfront
    CapEx Reserve, Upfront TI/LC Reserve, Aspen Dental Reserve, Outstanding TI Reserve, CapEx Reserve Cap	$2,792,250
	35	The
                                         Shops at Merchant’s Square

         
	Outstanding
    TI/LC Reserve, Free Rent Reserve, Monthly CapEx Reserve, CapEx Reserve Cap, TI/LC Reserve Cap	$2,505,834.99
	49	532
                                         East 142nd Street

         
	421-a
    Units Reserve, Holdback Reserve, Monthly CapEx Reserve	$
    446,488.5

 

    Schedule 3-2

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