Document:

EXHIBIT 10.2

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

                                   PURCHASER,

                         PNC BANK, NATIONAL ASSOCIATION

                                     SELLER

                        MORTGAGE LOAN PURCHASE AGREEMENT

                             Dated as of May 1, 2008

                                  $272,183,604

                            Fixed Rate Mortgage Loans

                                 Series 2008-C2

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            This Mortgage Loan Purchase Agreement (this "Agreement"), dated as
of May 1, 2008, is between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as purchaser (the "Purchaser"), and PNC Bank, National Association, as
seller (the "Seller").

            Capitalized terms used in this Agreement not defined herein shall
have the meanings ascribed to them in the pooling and servicing agreement, dated
as of May 1, 2008 (the "Pooling and Servicing Agreement"), among the Purchaser,
as depositor (the "Depositor"), Midland Loan Services, Inc. and Wells Fargo
Bank, N.A. (each, a "Master Servicer"), CWCapital Investments LLC, as special
servicer (the "Special Servicer"), and LaSalle Bank National Association, as
trustee (in such capacity, the "Trustee") and as paying agent (in such capacity,
the "Paying Agent"), pursuant to which the Purchaser will sell the Mortgage
Loans (as defined herein) to a trust fund and certificates representing
ownership interests in the Mortgage Loans will be issued by the trust fund. For
purposes of this Agreement, the term "Mortgage Loans" refers to the mortgage
loans listed on Exhibit A and the term "Mortgaged Properties" refers to the
properties securing such Mortgage Loans.

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

            SECTION 1. Sale and Conveyance of Mortgages; Possession of Mortgage
File. Effective as of the Closing Date and upon receipt of the purchase price
set forth in the immediately succeeding paragraph, the Seller does hereby sell,
transfer, assign, set over and convey to the Purchaser, without recourse, all of
its right, title, and interest (subject to certain agreements regarding
servicing as provided in the Pooling and Servicing Agreement, subservicing
agreements permitted thereunder and that certain Servicing Rights Purchase
Agreement, dated as of the Closing Date between the applicable Master Servicer
and the Seller) in and to the Mortgage Loans described in Exhibit A, including
all interest and principal received on or with respect to such Mortgage Loans
after the Cut-off Date (other than payments of principal and interest first due
on the Mortgage Loans on or before the Cut-off Date). Upon the sale of the
Mortgage Loans, the ownership of each related Mortgage Note, the Mortgage and
the other contents of the related Mortgage File will be vested in the Purchaser
and immediately thereafter the Trustee and the ownership of records and
documents with respect to the related Mortgage Loan prepared by or which come
into the possession of the Seller (other than the records and documents
described in the proviso to Section 3(a) hereof) shall immediately vest in the
Purchaser and immediately thereafter the Trustee. The Seller's records will
accurately reflect the sale of each such Mortgage Loan to the Purchaser. The
Depositor will sell the Class A-1, Class A-2, Class A-3, Class A-4, Class A-4FL,
Class A-SB, Class A-1A, Class X, Class A-M and Class A-J Certificates (the
"Offered Certificates") to the underwriters specified in the underwriting
agreement, dated April 30, 2008 (the "Underwriting Agreement"), between the
Depositor and J.P. Morgan Securities Inc. ("JPMSI") for itself and as
representative of CIBC World Markets Corp. and PNC Capital Markets LLC
(collectively with JPMSI, the "Underwriters"), and the Depositor will sell the
Class B, Class C, Class D Class E, Class F, Class G, Class H, Class J, Class K,
Class L, Class M, Class N, Class P, Class Q, Class T and Class NR Certificates
(the "Private Certificates") to JPMSI, as the initial purchaser (together with
the Underwriters, the "Dealers") specified in the certificate purchase
agreement, dated May 2, 2008 (the "Certificate Purchase Agreement"), between the
Depositor and JPMSI.

            The sale and conveyance of the Mortgage Loans is being conducted on
an arms-length basis and upon commercially reasonable terms. As the purchase
price for the Mortgage Loans, the Purchaser shall pay to the Seller or at the
Seller's direction $259,210,672.42 (which amount is inclusive of accrued
interest) in immediately available funds minus the Seller's pro rata share of
the costs set forth in Section 9 hereof. The purchase and sale of the Mortgage
Loans shall take place on the Closing Date.

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

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

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

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

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

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

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

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

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

            (c) if, during such period of time after the first date of the
public offering of the Offered Certificates as in the opinion of counsel for the
Underwriters, a prospectus relating to the Offered Certificates is required by
applicable law to be delivered in connection with sales thereof by an
Underwriter or a Dealer, any event shall occur as a result of which it is
necessary to amend or supplement the Prospectus Supplement, including Annex A-1,
A-2 and A-3 thereto and the Diskette included therewith, with respect to any
information relating to the Mortgage Loans or such Seller, in order to make the
statements therein, in the light of the circumstances when the Prospectus
Supplement is so amended or supplemented and delivered to a purchaser, not
misleading, or if it is necessary to amend or supplement the Prospectus
Supplement, including Annex A-1, A-2 and A-3 thereto and the Diskette included
therewith, with respect to any information relating to the Mortgage Loans or
such Seller, to comply with applicable law, the Seller shall do all things
necessary to assist the Depositor to prepare and furnish, at the expense of the
Seller (to the extent that such amendment or supplement relates to the Seller,
the Mortgage Loans listed on Exhibit A and/or any information relating to the
same, as provided by the Seller), to the Underwriters such amendments or
supplements to the Prospectus Supplement as may be necessary, so that the
statements in the Prospectus Supplement as so amended or supplemented, including
Annex A-1, A-2 and A-3 thereto and the Diskette included therewith, with respect
to any information relating to the Mortgage Loans or such Seller, will not, in
the light of the circumstances when the Prospectus is delivered to a purchaser,
be misleading or so that the Prospectus Supplement as so amended or
supplemented, including Annex A-1, A-2 and A-3 thereto and the Diskette included
therewith, with respect to any information relating to the Mortgage Loans or the
Seller, will comply with applicable law. All terms used in this clause (c) and
not otherwise defined herein shall have the meaning set forth in the
Indemnification Agreement, dated as of April 30, 2008 between the Purchaser and
the Seller (the "Indemnification Agreement").

            SECTION 6. Representations and Warranties.

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

                  (i) it is a national banking association, duly organized,
      validly existing, and in good standing under the laws of the United
      States;

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

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

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

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

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

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

                  (viii) it has no actual knowledge that any statement, report,
      officer's certificate or other document prepared and furnished or to be
      furnished by such Seller in connection with the transactions contemplated
      hereby (including, without limitation, any financial cash flow models and
      underwriting file abstracts furnished by such Seller) was not true and
      correct in any material respect when furnished by such Seller; provided,
      however, that with respect to any such statement, report, officer's
      certificate or other document which contains information that is
      corrected, modified or supplemented by a subsequent statement, report,
      officer's certificate or other document prepared and furnished by such
      Seller, this representation shall be deemed to be made with respect to the
      original statement, report, officer's certificate or other document as so
      corrected, modified or supplemented;

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

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

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

                  (xii) for so long as the Trust is subject to the reporting
      requirements of the Exchange Act, such Seller shall provide the Purchaser
      (or with respect to any Companion Loan that is deposited into an Other
      Securitization, the depositor in such Other Securitization) and the Paying
      Agent with any Additional Form 10-D Disclosure and any Additional Form
      10-K Disclosure which the Purchaser is required to provide with respect to
      such Seller in its capacity as a "sponsor" pursuant to Exhibit Y and
      Exhibit Z of the Pooling and Servicing Agreement within the time periods
      set forth in the Pooling and Servicing Agreement.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

            If any Breach pertains to a representation or warranty that the
related Mortgage Loan documents or any particular Mortgage Loan document
requires the related Mortgagor to bear the costs and expenses associated with
any particular action or matter under such Mortgage Loan document(s), then the
Seller shall not be required to repurchase such Mortgage Loan and the sole
remedy with respect to any Breach of such representation shall be to cure such
Breach within the applicable cure period (as the same may be extended) by
reimbursing the Trust Fund (by wire transfer of immediately available funds) the
reasonable amount of any such costs and expenses incurred by the applicable
Master Servicer, the Special Servicer, the Trustee or the Trust Fund that are
the basis of such Breach and have not been reimbursed by the related Mortgagor;
provided, however, that in the event any such costs and expenses exceed $10,000,
the Seller shall have the option to either repurchase or substitute for the
related Mortgage Loan as provided above or pay such costs and expenses. Except
as provided in the proviso to the immediately preceding sentence, the Seller
shall remit the amount of such costs and expenses and upon its making such
remittance, the Seller shall be deemed to have cured such Breach in all
respects. To the extent any fees or expenses that are the subject of a cure by
the Seller are subsequently obtained from the related Mortgagor, the portion of
the cure payment equal to such fees or expenses obtained from the Mortgagor
shall be returned to the Seller pursuant to Section 2.03(f) of the Pooling and
Servicing Agreement.

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

            Subject to the applicable time periods for cure, substitution or
repurchase provided in this Agreement, if the Seller contests its obligation to
cure, repurchase or substitute for a Mortgage Loan under the terms of this
Agreement (a "Repurchase Claim") and the Special Servicer determines that it is
in the best interest of the Certificateholders to proceed with a liquidation of
a Defaulted Mortgage Loan while pursuing the Repurchase Claim, after the Initial
Resolution Period, the Special Servicer may proceed with such liquidation
without waiving the Trust Fund's right in the event the Repurchase Claim is
determined to be valid as set forth below, to require the Seller to pay an
amount up to, but not exceeding, the amount, if any, by which the Purchase Price
of the related Mortgage Loan exceeds the aggregate of all amounts received from
the liquidation of such Mortgage Loan (such excess amount, the "Liquidation
Shortfall Amount"); provided that (i) the Special Servicer shall not actively
market the related Mortgage Loan for sale to prospective purchasers during the
Initial Resolution Period, (ii) any such action is consistent with the Servicing
Standard, (iii) the terms of the liquidation have been agreed to pursuant to an
arm's length negotiation with an unaffiliated third party purchaser, and (iv)
prior to the consummation of any such liquidation, the Seller receives ten (10)
days prior written notice of the agreed terms of such liquidation from the
Special Servicer and the Seller shall have the option during such 10 day period
to irrevocably agree to purchase the related Mortgage Loan on such agreed terms
and to consummate such purchase within thirty (30) days after receipt of such
notice. In the event that a court of competent jurisdiction determines, or the
Seller and the Special Servicer agree, that the Repurchase Claim is valid, the
Special Servicer shall have the right on behalf of the Trust Fund to take any
action or file any claim in a court of competent jurisdiction to require the
payment by the Seller of the Liquidation Shortfall Amount on such Repurchase
Claim, subject to any rights of the related Mortgage Loan Seller to assert a
claim or defense in any such proceeding that the Liquidation Shortfall Amount
should not be payable in whole or in part by the Seller.

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

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

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

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

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

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

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

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

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

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

                  (ii) a copy of a certificate of corporate existence of such
      Seller issued by the Comptroller of Currency dated not earlier than sixty
      days prior to the Closing Date;

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

                  (A) the Seller is a national banking association duly
            organized, validly existing, and in good standing under the laws of
            the United States;

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

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

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

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

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

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

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

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

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

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

            SECTION 9. Expenses. The Seller will pay its pro rata share (the
Seller's pro rata share to be determined according to the percentage that the
aggregate principal balance as of the Cut-off Date of all the Mortgage Loans
represents in proportion to the aggregate principal balance as of the Cut-off
Date of all the mortgage loans to be included in the Trust Fund) of all costs
and expenses of the Purchaser in connection with the transactions contemplated
herein, including, but not limited to: (i) the costs and expenses of the
Purchaser in connection with the purchase of the Mortgage Loans and the other
mortgage loans; (ii) the costs and expenses of reproducing and delivering the
Pooling and Servicing Agreement and printing (or otherwise reproducing) and
delivering the Certificates; (iii) the reasonable and documented fees, costs and
expenses of the Trustee and its counsel incurred in connection with the Trustee
entering into the Pooling and Servicing Agreement; (iv) the fees and
disbursements of a firm of certified public accountants selected by the
Purchaser and the Seller with respect to numerical information in respect of the
Mortgage Loans and the Certificates included in the Prospectus, any Free Writing
Prospectus (as defined in the Indemnification Agreement), the Memoranda (as
defined in the Indemnification Agreement) and any related 8-K Information (as
defined in the Underwriting Agreement), or items similar to the 8-K Information,
including the cost of obtaining any "comfort letters" with respect to such
items; (v) the costs and expenses in connection with the qualification or
exemption of the Certificates under state securities or blue sky laws, including
filing fees and reasonable fees and disbursements of counsel in connection
therewith; (vi) the costs and expenses in connection with any determination of
the eligibility of the Certificates for investment by institutional investors in
any jurisdiction and the preparation of any legal investment survey, including
reasonable fees and disbursements of counsel in connection therewith; (vii) the
costs and expenses in connection with printing (or otherwise reproducing) and
delivering the Registration Statement, the Prospectus, the Memoranda and any
Free Writing Prospectus, and the reproduction and delivery of this Agreement and
the furnishing to the Underwriters of such copies of the Registration Statement,
the Prospectus, the Memoranda, any Free Writing Prospectus and this Agreement as
the Underwriters may reasonably request; (viii) the fees of the rating agency or
agencies requested to rate the Certificates and (ix) the reasonable fees and
expenses of Thacher, Proffit & Wood LLP, counsel to the Underwriters, and
Cadwalader, Wickersham & Taft LLP, counsel to the Depositor.

            SECTION 10. Severability of Provisions. If any one or more of the
covenants, agreements, provisions or terms of this Agreement shall be for any
reason whatsoever held invalid, then such covenants, agreements, provisions or
terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement. Furthermore, the
parties shall in good faith endeavor to replace any provision held to be invalid
or unenforceable with a valid and enforceable provision which most closely
resembles, and which has the same economic effect as, the provision held to be
invalid or unenforceable.

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

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

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

            SECTION 14. Notices. All demands, notices and communications
hereunder shall be in writing and shall be deemed to have been duly given upon
receipt by the intended recipient if personally delivered at or couriered, sent
by facsimile transmission or mailed by first class or registered mail, postage
prepaid, to (i) in the case of the Purchaser, J.P. Morgan Chase Commercial
Mortgage Securities Corp., 270 Park Avenue, New York, New York 10017, Attention:
Emanuel Chrysoulakis, Vice President, telecopy number (212) 834-6593, (ii) in
the case of the Seller, PNC Bank, National Association, 10851 Mastin, Suite 300,
Overland Park, Kansas 62210 (for deliveries or courier), and P.O. Box 25965,
Shawnee Mission, Kansas 66225-5965 (for United States mail), Attention: Harry
Funk, fax number: (913) 253 9001, with a copy to it at One PNC Plaza, 249 Fifth
Avenue, 21st Floor, Pittsburgh, Pennsylvania 15222, Attention: Gretchen Lengel
Kelly, fax number: (412) 762-4334 and (iii) in the case of any of the preceding
parties, such other address or facsimile number as may hereafter be furnished to
the other party in writing by such party.

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

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

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

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

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

                                   * * * * * *

<PAGE>

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

                                       J.P. MORGAN CHASE COMMERCIAL MORTGAGE
                                          SECURITIES CORP.

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

                                       PNC BANK, NATIONAL ASSOCIATION

                                       By:   /s/ Harry J. Funk
                                          -------------------------------------
                                          Name:  Harry J. Funk
                                          Title: Senior Vice President

<PAGE>

                                   SCHEDULE I

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

                                      None.

<PAGE>

                                   SCHEDULE II

       MORTGAGED PROPERTY FOR WHICH ENVIRONMENTAL INSURANCE IS MAINTAINED

                                      None.

<PAGE>

                                    EXHIBIT A

                             MORTGAGE LOAN SCHEDULE

JPMCC 2008-C2
Mortgage Loan Schedule (PNC)

<TABLE>
<CAPTION>

Loan #   Originator/Loan Seller   Mortgagor Name
------   ----------------------   -------------------------------------------------------
<S>      <C>                      <C>
     4   PNC                      NNN Tupper Building, LLC
     7   PNC                      Providence Ridge Associates, LP
     9   PNC                      NNN Eastern Wisconsin Medical Portfolio, LLC
  9.01   PNC
  9.02   PNC
  9.03   PNC
  9.04   PNC
  9.05   PNC
  9.06   PNC
    14   PNC                      PEM Park H, LLC, PEM Park S, LLC
 14.01   PNC
 14.02   PNC
    18   PNC                      NNN Woodside, LLC

    24   PNC                      AOH - Dovetail Villas, LLC
    25   PNC                      Cottonwood Oak Ridge S, LLC and
                                  Cottonwood Oak Ridge H, LLC

    28   PNC                      Jemal's 701 King LLC, Jemal's Takoma Pad LLC and
                                  Lawrence D. Limited Partnership
 28.01   PNC
 28.02   PNC
 28.03   PNC
 29.00   PNC                      Montgomery County Self Storage, DST
 29.01   PNC
 29.02   PNC
    39   PNC                      37 Hotel Auburn, LLC
    40   PNC                      Eagan Lodging Group, LLC
    42   PNC                      Ingleside Associates Limited Partnership
    43   PNC                      Sherman PHX-KC, LLC, Maven FL-KC, LLC, Maven Ritz-KC,
                                  LLC, MEL FL-KC, LLC, MEL 537 PHX-KC,LLC, Estes KC, LLC,
                                  Wittemeyer KC, LLC, FRG KC LLC, Yohai KC, LLC,
                                  Terrapin KC RI, LLC, Terrapin PHX-KC, LLC, Terrapin
                                  Operator KC RI, LLC
    46   PNC                      Landmark Limited Partnership III
    49   PNC                      3346 Gateway LLC

    53   PNC                      Heartland Properties of Missouri, LLC
    55   PNC                      SGI-Northboro, LLC
    58   PNC                      400 Market Street, LLC
    62   PNC                      NPR, LLC
    70   PNC                      5490 Associates, LP, Annamar, Inc., Thomas A.
                                  Mallozzi and Charles J. Williams
    72   PNC                      West End Lofts, LLC

    73   PNC                      Corning Hotel Associates LLC
    74   PNC                      TIP Allen Crossing Owner 1 LLC, TIP Crossing
                                  Owner 2 LLC, TIP Allen Crossing Owner 3 LLC, TIP
                                  Allen Crossing Owner 4, LLC, TIP Allen Crossing
                                  5, LLC and TIP Allen Crossing 6, LLC
    75   PNC                      AAA Group, L.P.
    76   PNC                      TI Nogalitos, L.P.
    77   PNC                      Jesse Place II, L.L.C.
    80   PNC                      KGS/Memphis Associates

<CAPTION>

Loan #   Property Address                          City                  State     Zip Code   County
------   ---------------------------------------   -------------------   -------   --------   --------------------
<S>      <C>                                       <C>                   <C>       <C>        <C>
     4   15 Kneeland Street                        Boston                MA           02111   Suffolk
     7   1814-1844 East Ridge Pike                 Royersford            PA           19468   Montgomery
     9   Various                                   Various               WI        Various    Various
  9.01   2600 Kiley Way                            Plymouth              WI           53073   Sheboygan
  9.02   818 Forrest Lane                          Waterford             WI           53185   Racine
  9.03   900 East Division Street                  Wautoma               WI           54982   Waushara
  9.04   1001 Service Road                         Kiel                  WI           53042   Manitowoc
  9.05   2890 Lineville Road                       Green Bay             WI           54313   Brown
  9.06   N1750 Lily of the Valley Drive            Greenville            WI           54942   Outagamie
    14   Various                                   Norcross              GA           30092   Gwinnett
 14.01   30 & 35 Technology Parkway                Norcross              GA           30092   Gwinnett
 14.02   190 -192 Technology Parkway               Norcross              GA           30092   Gwinnett
    18   15050, 15100, 15150 SW Koll Parkway and   Beaverton             OR           97006   Washington
         15625, 15727 SW Greystone Court
    24   5916 Mausser Drive                        Orlando               FL           32822   Orange
    25   3517 North Hills Drive                    Austin                TX           78731   Travis

    28   Various                                   Various               Various   Various    Various

 28.01   509 7th Street NW                         Washington            DC           20004   District of Columbia
 28.02   110 Carroll Street NW                     Washington            DC           20012   District of Columbia
 28.03   701 King Street                           Alexandria            VA           22314   Alexandria City
 29.00   Various                                   Montgomery            AL        Various    Montgomery
 29.01   2730 Bell Road & 6855 Vaughn Road         Montgomery            AL           36116   Montgomery
 29.02   310 Ray Thorington Road                   Montgomery            AL           36117   Montgomery
    39   2430 South College Street                 Auburn                AL           36832   Lee
    40   5653 Bishop Avenue                        Inver Grove Heights   MN           55076   Dakota
    42   1213-1271 Stafford Drive                  Princeton             WV           24740   Mercer
    43   2975 Main Street                          Kansas City           MO           64108   Jackson

    46   300 South Koeller Street                  Oshkosh               WI           54902   Winnebago
    49   3346 Gateway Street                       Springfield           OR           97477   Lane

    53   1600 NE Coronado Drive                    Blue Springs          MO           64014   Jackson
    55   241 Southwest Cutoff                      Northborough          MA           01532   Worcester
    58   400 Market Street                         Santa Fe              NM           87501   Santa Fe
    62   6014 U.S. Highway 19                      New Port Richey       FL           34652   Pasco
    70   720-728 White Horse Pike                  Absecon               NJ           08201   Atlantic

    72   109 North 3rd Street                      Fort Smith            AR           72901   Sebastian

    73   66 West Pulteney Street                   Corning               NY           14830   Steuben
    74   12220 SW Allen Boulevard                  Beaverton             OR           97005   Washington

    75   2 Nealy Boulevard                         Marcus Hook           PA           19061   Delaware
    76   3600 & 3610 Nogalitos Street              San Antonio           TX           78211   Bexar
    77   3880 NW Urbandale Avenue                  Urbandale             IA           50322   Polk
    80   2801 Kirby Parkway                        Memphis               TN           38119   Shelby

<CAPTION>

Loan #   Property Name                                    Size     Measure       Interest Rate (%)
------   ----------------------------------------------   ------   -----------   -----------------
<S>      <C>                                              <C>      <C>           <C>
     4   The Tupper Building                               97559   Square Feet             6.00000
     7   Court at Upper Providence                        196420   Square Feet             6.68000
     9   Aurora Health Care Portfolio                     152980   Square Feet             6.46000
  9.01   Aurora Health Center - Plymouth                   85028   Square Feet             6.46000
  9.02   Aurora Health Center - Waterford                  23656   Square Feet             6.46000
  9.03   Aurora Health Center - Wautoma                    21048   Square Feet             6.46000
  9.04   Aurora Sheboygan Clinic                            9842   Square Feet             6.46000
  9.05   Green Bay/Suamico Medical Office                   9318   Square Feet             6.46000
  9.06   Greenville Medical Office                          4088   Square Feet             6.46000
    14   Technology Park (Roll Up)                        252759   Square Feet             6.45000
 14.01   Technology Park - 30 & 35 Technology Parkway     166522   Square Feet             6.45000
 14.02   Technology Park - 190 -192 Technology Parkway     86237   Square Feet             6.45000
    18   Woodside Corporate Park                          193494   Square Feet             6.79000

    24   Dovetail Villas                                     232   Units                   7.03000
    25   Oak Ridge Apartments                                253   Units                   6.60000

    28   Washington Douglas Portfolio (Roll Up)            35815   Square Feet             6.90000

 28.01   Washington Douglas Portfolio - 509 7th St, DC     21190   Square Feet             6.90000
 28.02   Washington Douglas Portfolio - 110 Carroll St.    10125   Square Feet             6.90000
 28.03   Washington Douglas Portfolio - 701 King St.        4500   Square Feet             6.90000
 29.00   Breckenridge & ClimaStor Self Storage Roll-Up      1617   Units                   6.48000
 29.01   ClimaStor Self Storage                             1189   Units                   6.48000
 29.02   Breckenridge Self Storage                           428   Units                   6.48000
    39   Hampton Inn Auburn                                  104   Rooms                   6.78000
    40   Country Inn & Suites - Inver Grove Heights           90   Rooms                   6.64000
    42   Pine Plaza Shopping Center                        94541   Square Feet             6.37000
    43   Residence Inn - Union Hill                           96   Rooms                   6.76000

    46   Landmark Plaza                                    97084   Square Feet             6.74000
    49   Crossroads Phase III                              18900   Square Feet             5.84000

    53   Heartland Financial Building                      37869   Square Feet             6.99000
    55   Stor Gard Self Storage Northborough                 588   Units                   5.85000
    58   400 Market Street                                 20605   Square Feet             7.27000
    62   Bank of America Professional Center               60211   Square Feet             6.66000
    70   Shoppes at Absecon                                 7175   Square Feet             6.12000

    72   West End Lofts                                       34   Units                   6.39000

    73   Comfort Inn - Corning                                62   Rooms                   6.11000
    74   Allen Crossing Apartments                            54   Units                   6.78000

    75   Tri State Business Park                           26250   Square Feet             6.70000
    76   Mission Plaza Shopping Center                     19596   Square Feet             6.41000
    77   Jesse Place Shopping Center                        9902   Square Feet             6.36000
    80   Kirby Gate                                         7243   Square Feet             6.77000

<CAPTION>

Loan #   Net Mortgage Interest Rate   Original Balance   Cutoff Balance   Term   Rem. Term   Maturity/ARD Date   Amort. Term
------   --------------------------   ----------------   --------------   ----   ---------   -----------------   -----------
<S>      <C>                          <C>                <C>              <C>    <C>         <C>                 <C>
     4                      5.93846         43,920,000       43,920,000     60          53   10/01/12                      0
     7                      6.61846         38,812,000       38,812,000    120         115   12/01/17                    360
     9                      6.39846         32,300,000       32,300,000    120         116   01/01/18                    360
  9.01                                      18,269,231       18,269,231    120         116   01/01/18                    360
  9.02                                       4,953,846        4,953,846    120         116   01/01/18                    360
  9.03                                       4,269,231        4,269,231    120         116   01/01/18                    360
  9.04                                       2,000,000        2,000,000    120         116   01/01/18                    360
  9.05                                       1,953,846        1,953,846    120         116   01/01/18                    360
  9.06                                         853,846          853,846    120         116   01/01/18                    360
    14                      6.38846         25,900,000       25,900,000    120         113   10/01/17                    360
 14.01                                      17,039,474       17,039,474    120         113   10/01/17                    360
 14.02                                       8,860,526        8,860,526    120         113   10/01/17                    360
    18                      6.72846         19,380,000       19,380,000    120         116   01/01/18                    360

    24                      6.96846         11,500,000       11,447,509     60          54   11/01/12                    360
    25                      6.53846         11,375,000       11,375,000    120         118   03/01/18                    360

    28                      6.83846         10,284,000       10,251,304    120         116   01/01/18                    360

 28.01                                       5,727,000        5,708,792    120         116   01/01/18                    360
 28.02                                       2,667,000        2,658,521    120         116   01/01/18                    360
 28.03                                       1,890,000        1,883,991    120         116   01/01/18                    360
 29.00                      6.41846         10,250,000       10,250,000    120         117   02/01/18                    360
 29.01                                       7,937,710        7,937,710    120         117   02/01/18                    360
 29.02                                       2,312,290        2,312,290    120         117   02/01/18                    360
    39                      6.71846          6,150,000        6,116,070    120         113   10/01/17                    360
    40                      6.57846          5,875,000        5,836,160    120         112   09/01/17                    360
    42                      6.30846          5,595,000        5,565,469    120         114   11/01/17                    360
    43                      6.69846          5,500,000        5,500,000    120         115   12/01/17                    360

    46                      6.67846          5,400,000        5,382,230    120         116   01/01/18                    360
    49                      5.77846          5,100,000        5,100,000    120         111   08/01/17                    360

    53                      6.92846          4,800,000        4,770,666    120         112   09/01/17                    360
    55                      5.78846          4,500,000        4,464,716    120         112   09/01/17                    360
    58                      7.20846          4,230,000        4,224,266    120         118   03/01/18                    360
    62                      6.59846          4,135,000        4,114,509    120         114   11/01/17                    360
    70                      6.05846          2,800,000        2,787,206    120         115   12/01/17                    360

    72                      6.32846          2,452,000        2,452,000    120         115   12/01/17                    360

    73                      6.04846          2,250,000        2,222,239    120         111   08/01/17                    300
    74                      6.71846          2,205,000        2,205,000    120         115   12/01/17                    360

    75                      6.63846          2,178,000        2,178,000    120         114   11/01/17                    360
    76                      6.34846          2,128,000        2,128,000    120         112   09/01/17                    360
    77                      6.29846          2,060,000        2,060,000    120         110   07/01/17                    360
    80                      6.70846          1,445,000        1,441,259    120         117   02/01/18                    360

<CAPTION>

Loan #   Rem. Amort.   Monthly Debt Service   Servicing Fee Rate   Accrual Type   ARD (Y/N)   ARD Step Up (%)   Title Type
------   -----------   --------------------   ------------------   ------------   ---------   ---------------   -------------
<S>      <C>           <C>                    <C>                  <C>            <C>         <C>               <C>
     4             0                222,650              0.06000   Actual/360     No                            Fee
     7           360                249,931              0.06000   Actual/360     No                            Fee/Leasehold
     9           360                203,309              0.06000   Actual/360     No                            Fee
  9.01           360                                               Actual/360     No                            Fee
  9.02           360                                               Actual/360     No                            Fee
  9.03           360                                               Actual/360     No                            Fee
  9.04           360                                               Actual/360     No                            Fee
  9.05           360                                               Actual/360     No                            Fee
  9.06           360                                               Actual/360     No                            Fee
    14           360                162,855              0.06000   Actual/360     No                            Fee
 14.01           360                                               Actual/360     No                            Fee
 14.02           360                                               Actual/360     No                            Fee
    18           360                126,214              0.06000   Actual/360     No                            Fee

    24           354                 76,742              0.06000   Actual/360     No                            Fee
    25           360                 72,647              0.06000   Actual/360     No                            Fee

    28           356                 67,730              0.06000   Actual/360     No                            Fee

 28.01           356                                               Actual/360     No                            Fee
 28.02           356                                               Actual/360     No                            Fee
 28.03           356                                               Actual/360     No                            Fee
 29.00           360                 64,652              0.06000   Actual/360     No                            Fee
 29.01           360                                               Actual/360     No                            Fee
 29.02           360                                               Actual/360     No                            Fee
    39           353                 40,012              0.06000   Actual/360     No                            Fee
    40           352                 37,677              0.06000   Actual/360     No                            Fee
    42           354                 34,887              0.06000   Actual/360     No                            Fee
    43           360                 35,709              0.06000   Actual/360     No                            Fee

    46           356                 34,988              0.06000   Actual/360     No                            Fee
    49           360                 30,054              0.06000   Actual/360     No                            Fee

    53           352                 31,902              0.06000   Actual/360     No                            Fee
    55           352                 26,547              0.06000   Actual/360     No                            Fee
    58           358                 28,913              0.06000   Actual/360     No                            Fee
    62           354                 26,573              0.06000   Actual/360     No                            Fee
    70           355                 17,004              0.06000   Actual/360     No                            Fee

    72           360                 15,321              0.06000   Actual/360     No                            Fee

    73           291                 14,648              0.06000   Actual/360     No                            Fee
    74           360                 14,346              0.06000   Actual/360     No                            Fee

    75           360                 14,054              0.06000   Actual/360     No                            Fee
    76           360                 13,325              0.06000   Actual/360     No                            Fee
    77           360                 12,832              0.06000   Actual/360     No                            Fee
    80           357                  9,391              0.06000   Actual/360     No                            Fee

<CAPTION>

Loan #   Crossed Loan   Guarantor                                                           Letter of Credit
------   ------------   -----------------------------------------------------------------   ----------------
<S>      <C>            <C>                                                                 <C>
     4                  NNN Realty Advisors, Inc.                                           No
     7                  Peter C. Abrams, Joseph R. Gambone, Jr., Fred R. Levin              No
     9                  NNN Realty Advisors, Inc.                                           No
  9.01
  9.02
  9.03
  9.04
  9.05
  9.06
    14                  Principle Equity Management, LP                                            104,000.0
 14.01
 14.02
    18                  NNN Realty Advisors, Inc.                                           No

    24                  American Opportunity for Housing, Inc.                              No
    25                  Joseph Siragusa, Jane G. Ryan, Patrick J. Ryan,                     No
                        Stephanie A. Burke, Robert L. Burke, Ilene F.
                        Hahn, Bruce Bousfield, Sarah A. Bousfield,
                        Michele C. Maynard, John M. Coudures, III, Anita
                        Fishman, Kevin H. Sutton, Constance M. Sutton,
                        Nagaraja R. Rao
    28                  Douglas Jemal                                                       No

 28.01
 28.02
 28.03
 29.00                  U.S. Commercial, LLC                                                No
 29.01
 29.02
    39                  David Roberts                                                       No
    40                  Kamlesh Patel, Minesh Patel, Mehul B. Patel, Rahul Kansara          No
    42                  Peter K. Yeskel                                                     No
    43                  Anthony J. Sherman                                                  No

    46                  Ronald A. Detjen, Dennis E. Schwab                                         100,000.0
    49                  Newgate, LLC, Stellar Investments, L.L.C., Sycan                    No
                        B Corp., Sunset Investments, LLC
    53                  Christopher M. McDaniel                                             No
    55                  Nicholas P. Abraham, Nicholas A. Abraham                            No
    58                  Lawrence J. Burke                                                   No
    62                  Joel A. Cantor                                                      No
    70                  Thomas A. Mallozzi, Joseph F. Frio, Charles J. Williams             No

    72                  Rod Coleman, Bennie B. Westphal, Chris Weeks,                       No
                        Charles E. Still, Lucy Kathryn Harper Sicard Trust
    73                  Hasmukh Patel, Hemant Patel                                         No
    74                  Clifton Molatore, Daniel Nossa, Michael Hare                        No

    75                  A. Patrick McNulty, Anthony J. Diver                                No
    76                  David P. Ikeler                                                     No
    77                  Michael Morse, Michael D. Erickson, Rosendahl Investments, L.L.C.   No
    80                  Frank J. Gulisano, Charles P. Vaughn                                No

<CAPTION>
                                                              UPFRONT ESCROW
------   ----------------------------------------------------------------------------------------------------------------------
Loan #   Upfront CapEx Reserve   Upfront Eng. Reserve   Upfront Envir. Reserve   Upfront TI/LC Reserve   Upfront RE Tax Reserve
------   ---------------------   --------------------   ----------------------   ---------------------   ----------------------
<S>      <C>                     <C>                    <C>                      <C>                     <C>
     4                    0.00           1,230,250.00                     0.00                    0.00                     0.00
     7                    0.00                   0.00                     0.00              200,413.30               298,841.67
     9               30,596.00                   0.00                     0.00                    0.00                     0.00
  9.01
  9.02
  9.03
  9.04
  9.05
  9.06
    14                    0.00                   0.00                     0.00            1,600,000.00                25,795.00
 14.01
 14.02
    18                    0.00                   0.00                     0.00            3,412,645.01                88,916.33

    24              540,935.48                   0.00                     0.00                    0.00                     0.00
    25            1,559,804.00                   0.00                     0.00                    0.00                72,797.31

    28                    0.00                   0.00                     0.00            2,030,000.00                78,150.01

 28.01
 28.02
 28.03
 29.00              125,000.00                   0.00                     0.00                    0.00                22,390.92
 29.01
 29.02
    39                    0.00                   0.00                     0.00                    0.00                34,214.59
    40                    0.00                   0.00                     0.00                    0.00                 9,997.50
    42                    0.00                   0.00                     0.00                    0.00                32,320.21
    43                    0.00                   0.00                     0.00                    0.00                     0.00

    46                    0.00                   0.00                     0.00                    0.00                10,362.00
    49                    0.00                   0.00                     0.00                    0.00                62,333.34

    53                    0.00                   0.00                     0.00                    0.00                     0.00
    55                    0.00                   0.00                     0.00                    0.00                12,313.00
    58              131,472.66                   0.00                     0.00                    0.00                13,516.92
    62                    0.00              84,594.00                     0.00               50,000.00                55,959.58
    70                    0.00                   0.00                     0.00                    0.00                 8,500.00

    72                    0.00                   0.00                     0.00                    0.00                18,444.04

    73                    0.00                   0.00                     0.00                    0.00                24,783.50
    74                    0.00               8,125.00                     0.00                    0.00                 8,100.00

    75                    0.00                   0.00                     0.00                    0.00                18,785.04
    76                    0.00                   0.00                     0.00              136,000.00                38,472.51
    77                    0.00                   0.00                     0.00                    0.00                12,583.34
    80                    0.00                   0.00                     0.00                    0.00                 6,144.50

<CAPTION>

------   --------------------   ---------------------
Loan #   Upfront Ins. Reserve   Upfront Other Reserve
------   --------------------   ---------------------
<S>      <C>                    <C>
     4                   0.00              108,290.00
     7              51,456.75                    0.00
     9                   0.00                    0.00
  9.01
  9.02
  9.03
  9.04
  9.05
  9.06
    14              14,474.88            1,929,330.00
 14.01
 14.02
    18               6,815.25               23,342.69

    24               8,419.54                    0.00
    25               2,810.33              493,045.00

    28               8,539.84               23,545.58

 28.01
 28.02
 28.03
 29.00              13,106.92                    0.00
 29.01
 29.02
    39              37,629.58                    0.00
    40               2,794.25                    0.00
    42               7,409.65                    0.00
    43                   0.00                    0.00

    46               6,949.16                    0.00
    49               3,683.33                    0.00

    53               1,626.33                    0.00
    55               7,427.50                    0.00
    58               6,883.33                    0.00
    62              24,642.66                    0.00
    70               3,491.33                    0.00

    72               5,351.50                    0.00

    73               6,894.50                    0.00
    74               2,161.00                    0.00

    75               3,978.00                    0.00
    76               3,180.84                    0.00
    77                 264.17               10,000.00
    80               2,994.82                    0.00

<CAPTION>
                                                             MONTHLY ESCROW
------   ----------------------------------------------------------------------------------------------------------------------
Loan #   Monthly Capex Reserve   Monthly Envir. Reserve   Monthly TI/LC Reserve   Monthly RE Tax Reserve   Monthly Ins. Reserve
------   ---------------------   ----------------------   ---------------------   ----------------------   --------------------
<S>      <C>                     <C>                      <C>                     <C>                      <C>
     4                 1626.00                     0.00                    0.00                     0.00                   0.00
     7                 2411.50                     0.00                    0.00                 34354.17                5717.42
     9                    0.00                     0.00                    0.00                     0.00                   0.00
  9.01
  9.02
  9.03
  9.04
  9.05
  9.06
    14                 3214.92                     0.00                    0.00                 25795.00                3618.72
 14.01
 14.02
    18                 3224.92                     0.00                    0.00                 22229.08                2271.75

    24                 4833.33                     0.00                    0.00                     0.00                8419.54
    25                    0.00                     0.00                    0.00                 24265.77                2810.33

    28                  655.50                     0.00                    0.00                 14312.87                 861.17

 28.01
 28.02
 28.03
 29.00                    0.00                     0.00                    0.00                  7463.64                1872.42
 29.01
 29.02
    39                 5505.44                     0.00                    0.00                  3110.42                2894.58
    40                 6397.47                     0.00                    0.00                  9997.50                 931.42
    42                 1182.50                     0.00                  833.33                  8080.05                2469.88
    43                    0.00                     0.00                    0.00                     0.00                   0.00

    46                 1283.75                     0.00                    0.00                 10362.00                1389.83
    49                  236.25                     0.00                  833.33                  5666.67                 283.33

    53                  635.92                     0.00                  833.33                     0.00                 406.58
    55                  765.17                     0.00                    0.00                  4104.33                 742.75
    58                  343.42                     0.00                    0.00                  2276.41                 983.33
    62                  963.92                     0.00                 2083.33                  4304.58                3080.33
    70                   89.75                     0.00                 1000.00                  2833.33                 872.83

    72                  708.33                     0.00                    0.00                  2049.34                 891.92

    73                 3670.90                     0.00                    0.00                  7485.42                   0.00
    74                 3012.34                     0.00                    0.00                  2700.00                 720.33

    75                  218.75                     0.00                 1500.00                  6261.68                 497.25
    76                  238.08                     0.00                  833.33                  4274.72                 289.17
    77                  123.83                     0.00                  833.33                  2516.67                 264.17
    80                   90.50                     0.00                  625.00                  3072.25                 598.96

<CAPTION>

------   ---------------------
Loan #   Monthly Other Reserve   Grace Period   Lockbox In-place   Property Type   Defeasance Permitted   Interest Accrual Period
------   ---------------------   ------------   ----------------   -------------   --------------------   -----------------------
<S>      <C>                     <C>            <C>                <C>             <C>                    <C>
     4                    0.00              5   Yes                Office          Yes                    Actual/360
     7                    0.00              5   No                 Retail          Yes                    Actual/360
     9                    0.00              5   Yes                Office          Yes                    Actual/360
  9.01                                      5                      Office                                 Actual/360
  9.02                                      5                      Office                                 Actual/360
  9.03                                      5                      Office                                 Actual/360
  9.04                                      5                      Office                                 Actual/360
  9.05                                      5                      Office                                 Actual/360
  9.06                                      5                      Office                                 Actual/360
    14                    0.00              5   No                 Office          Yes                    Actual/360
 14.01                                      5                      Office                                 Actual/360
 14.02                                      5                      Office                                 Actual/360
    18                    0.00              5   Yes                Mixed Use       Yes                    Actual/360

    24                    0.00              5   No                 Multifamily     No                     Actual/360
    25                    0.00              5   No                 Multifamily     No                     Actual/360

    28                    0.00              5   No                 Retail          Yes                    Actual/360

 28.01                                      5                      Retail                                 Actual/360
 28.02                                      5                      Retail                                 Actual/360
 28.03                                      5                      Retail                                 Actual/360
 29.00                    0.00              5   No                 Self Storage    No                     Actual/360
 29.01                                      5                      Self Storage                           Actual/360
 29.02                                      5                      Self Storage                           Actual/360
    39                    0.00              5   No                 Hotel           No                     Actual/360
    40                    0.00              5   No                 Hotel           No                     Actual/360
    42                    0.00              5   No                 Retail          Yes                    Actual/360
    43                    0.00              5   No                 Hotel           Yes                    Actual/360

    46                    0.00              5   No                 Retail          Yes                    Actual/360
    49                    0.00              5   No                 Retail          No                     Actual/360

    53                    0.00              5   No                 Office          Yes                    Actual/360
    55                    0.00              5   No                 Self Storage    Yes                    Actual/360
    58                    0.00              5   No                 Office          Yes                    Actual/360
    62                    0.00              5   No                 Office          Yes                    Actual/360
    70                    0.00              5   No                 Retail          Yes                    Actual/360

    72                    0.00              5   No                 Multifamily     Yes                    Actual/360

    73                    0.00              5   No                 Hotel           No                     Actual/360
    74                    0.00              5   No                 Multifamily     Yes                    Actual/360

    75                    0.00              5   No                 Industrial      No                     Actual/360
    76                    0.00              5   No                 Retail          No                     Actual/360
    77                    0.00              5   No                 Retail          Yes                    Actual/360
    80                    0.00              5   No                 Retail          Yes                    Actual/360

<CAPTION>

Loan #   Loan Group   Final Maturity Date   Remaining Amortization Term for Balloon Loans
------   ----------   -------------------   ---------------------------------------------
<S>      <C>          <C>                   <C>
     4            1
     7            1                                                                   360
     9            1                                                                   360
  9.01            1                                                                   360
  9.02            1                                                                   360
  9.03            1                                                                   360
  9.04            1                                                                   360
  9.05            1                                                                   360
  9.06            1                                                                   360
    14            1                                                                   360
 14.01            1                                                                   360
 14.02            1                                                                   360
    18            1                                                                   360

    24            2                                                                   360
    25            2                                                                   360

    28            1                                                                   360

 28.01            1                                                                   360
 28.02            1                                                                   360
 28.03            1                                                                   360
 29.00            1                                                                   360
 29.01            1                                                                   360
 29.02            1                                                                   360
    39            1                                                                   360
    40            1                                                                   360
    42            1                                                                   360
    43            1                                                                   360

    46            1                                                                   360
    49            1                                                                   360

    53            1                                                                   360
    55            1                                                                   360
    58            1                                                                   360
    62            1                                                                   360
    70            1                                                                   360

    72            2                                                                   360

    73            1                                                                   300
    74            2                                                                   360

    75            1                                                                   360
    76            1                                                                   360
    77            1                                                                   360
    80            1                                                                   360
</TABLE>

<PAGE>

                                    EXHIBIT B

                  MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

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

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

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

            (4) At the time of the assignment of the Mortgage Loans to the
Purchaser, the Seller had good and marketable title to and was the sole owner
and holder of, each Mortgage Loan, free and clear of any pledge, lien,
encumbrance or security interest (subject to certain agreements regarding
servicing as provided in the Pooling and Servicing Agreement, subservicing
agreements permitted thereunder and that certain Servicing Rights Purchase
Agreement, dated as of May 8, 2008 between Master Servicer and Seller) and such
assignment validly and effectively transfers and conveys all legal and
beneficial ownership of the Mortgage Loans to the Purchaser free and clear of
any pledge, lien, encumbrance or security interest (subject to certain
agreements regarding servicing as provided in the Pooling and Servicing
Agreement, subservicing agreements permitted thereunder and that certain
Servicing Rights Purchase Agreement, dated as of May 8, 2008 between Master
Servicer and Seller).

            (5) In respect of each Mortgage Loan, (A) in reliance on public
documents or certified copies of the incorporation or partnership or other
entity documents, as applicable, delivered in connection with the origination of
such Mortgage Loan, the related Mortgagor is an entity organized under the laws
of a state of the United States of America, the District of Columbia or the
Commonwealth of Puerto Rico and (B) the related Mortgagor is not a debtor in any
bankruptcy, receivership, conservatorship, reorganization, insolvency,
moratorium or similar proceeding.

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

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

            (8) The Seller has received an American Land Title Association
(ALTA) lender's title insurance policy or a comparable form of lender's title
insurance policy (or escrow instructions binding on the Title Insurer (as
defined below) and irrevocably obligating the Title Insurer to issue such title
insurance policy or a title policy commitment or pro-forma "marked up" at the
closing of the related Mortgage Loan and countersigned by the Title Insurer or
its authorized agent) as adopted in the applicable jurisdiction (the "Title
Insurance Policy"), which was issued by a nationally recognized title insurance
company (the "Title Insurer") qualified, if required, to do business in the
jurisdiction where the applicable Mortgaged Property is located (unless such
jurisdiction is the State of Iowa), covering the portion of each Mortgaged
Property comprised of real estate and insuring that the related Mortgage is a
valid first lien in the original principal amount of the related Mortgage Loan
on the Mortgagor's fee simple interest (or, if applicable, leasehold interest)
in such Mortgaged Property comprised of real estate, subject only to Permitted
Encumbrances. Such Title Insurance Policy was issued in connection with the
origination of the related Mortgage Loan. No claims have been made under such
Title Insurance Policy. Such Title Insurance Policy is in full force and effect
and all premiums thereon have been paid and will provide that the insured
includes the owner of the Mortgage Loan and its successors and/or assigns. No
holder of the related Mortgage has done, by act or omission, anything that
would, and the Seller has no actual knowledge of any other circumstance that
would, impair the coverage under such Title Insurance Policy. Such Title
Insurance Policy contains no exception regarding the encroachment upon any
material easements by any material permanent improvements located at the related
Mortgaged Property for which the grantee of such easement has the ability to
force removal of such improvement, or such Title Insurance Policy affirmatively
insures (unless the related Mortgaged Property is located in a jurisdiction
where such affirmative insurance is not available) against losses caused by
forced removal of any material permanent improvements on the related Mortgaged
Property that encroach upon any material easements.

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

            (10) (a) The Mortgage Loan documents for each Mortgage Loan provide
that such Mortgage Loan is non-recourse to the related parties thereto except
that the related Mortgagor and at least one individual or entity shall be fully
liable for actual losses, liabilities, costs and damages arising from certain
acts of the related Mortgagor and/or its principals specified in the related
Mortgage Loan documents, which acts generally include the following: (i) fraud
or material misrepresentation, (ii) the misapplication or misappropriation of
rents, insurance proceeds or condemnation awards, (iii) any act of actual waste,
(iv) any breach of the environmental covenants contained in the related Mortgage
Loan documents and (v) filing voluntary bankruptcy or similar insolvency
proceedings in which the Mortgaged Property or any portion thereof is an asset
of the bankruptcy estate.

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

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

            (d) The terms of the Mortgage Loans or the related Mortgage Loan
            documents, have not been altered, impaired, modified or waived in
            any material respect, except prior to the Cut-off Date by written
            instrument duly submitted for recordation, to the extent required,
            and as specifically set forth in the related Mortgage File and no
            such alterations, impairments, modifications, or waivers have been
            completed or consented to since March 28, 2008.

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

            (11) No Mortgage Loan has been satisfied, canceled, subordinated,
released or rescinded, in whole or in part, and the related Mortgagor has not
been released, in whole or in part, from its obligations under any related
Mortgage Loan document.

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

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

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

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

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

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

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

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

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

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

            (19) (a) Except with respect to repairs estimated to cost less than
$10,000 in the aggregate, as of the date of the applicable engineering report
(which was performed within 12 months prior to the Cut-off Date) related to the
Mortgaged Property and, to Seller's knowledge as of the Closing Date, either (i)
the related Mortgaged Property is in good repair, free and clear of any damage
that would materially adversely affect the value of such Mortgaged Property as
security for such Mortgage Loan or the use and operation of the Mortgaged
Property as it was being used or operated as of the origination date or (ii)
escrows in an amount consistent with the standard utilized by the Seller with
respect to similar loans it holds for its own account have been established,
which escrows will in all events be not less than 100% of the estimated cost of
the required repairs. Since the origination date, to the Seller's knowledge,
such Mortgaged Property has not been damaged by fire, wind or other casualty or
physical condition (including, without limitation, any soil erosion or
subsidence or geological condition) that would materially and adversely affect
its value, which damage has not been fully repaired or fully insured, or for
which escrows in an amount consistent with the standard utilized by the Seller
with respect to loans it holds for its own account have not been established.

            (b) As of the origination date of such Mortgage Loan and to the
            Seller's actual knowledge, as of the Closing Date, there are no
            proceedings pending or, to the Seller's actual knowledge,
            threatened, for the partial or total condemnation of the relevant
            Mortgaged Property; provided, that solely for purposes of this
            Representation 19(b), the Seller's actual knowledge shall include
            the actual knowledge of any servicer that has serviced the Mortgage
            Loan on behalf of the Seller. The "actual knowledge" of any such
            Seller as it relates to the actual knowledge of any servicer shall
            be deemed to be knowledge derived from the servicer by the Seller
            based on a level of inquiry that is customary for sellers of conduit
            loans in the commercial real estate lending industry.

            (20) With respect to the Mortgage Loans that are secured in whole or
in part by a leasehold estate (a "Ground Lease") (except with respect to any
Mortgage Loan also secured by the related fee interest in the Mortgaged
Property):

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

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

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

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

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

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

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

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

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

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

            (b) Such Environmental Site Assessment does not identify, and the
            Seller has no actual knowledge of, any adverse circumstances or
            conditions with respect to or affecting the Mortgaged Property that
            would constitute or result in a material violation of any
            Environmental Laws, other than with respect to a Mortgaged Property
            (i) for which environmental insurance (as set forth on Schedule II
            hereto) is maintained, or (ii) which would require (x) any
            expenditure less than or equal to the lesser of $250,000 or 2% of
            the outstanding principal balance of the Mortgage Loan to achieve or
            maintain compliance in all material respects with any Environmental
            Laws or (y) any expenditure greater than the lesser of $250,000 or
            2% of the outstanding principal balance of such Mortgage Loan to
            achieve or maintain compliance in all material respects with any
            Environmental Laws for which, in connection with this clause (y),
            adequate sums, but in no event less than 125% of the estimated cost
            as set forth in the Environmental Site Assessment, were reserved by
            escrow or letter of credit in connection with the origination of the
            Mortgage Loan and for which the related Mortgagor has covenanted to
            perform, or (iii) as to which the related Mortgagor is currently
            implementing or required to implement, and to comply with the
            recommendations of the Environmental Site Assessment with respect to
            such conditions or circumstances, is only required to implement, an
            operations and maintenance plan addressing such conditions or
            circumstances, or (iv) as to which another responsible party not
            related to the Mortgagor with assets reasonably estimated by the
            Seller at the time of origination to be sufficient to effect all
            necessary or required remediation identified in a notice or other
            action from the applicable governmental authority is currently
            taking or required to take such actions, if any, with respect to
            such regulatory authority's order or directive, or (v) as to which
            such conditions or circumstances identified in the Environmental
            Site Assessment were investigated further and based upon such
            additional investigation, an environmental consultant recommended no
            further investigation or remediation, or (vi) as to which a party
            with financial resources reasonably estimated to be adequate to cure
            the condition or circumstance provided a guaranty or indemnity to
            the related Mortgagor or to the mortgagee to cover the costs of any
            required investigation, testing, monitoring or remediation, or (vii)
            as to which the related Mortgagor or other responsible party
            obtained a "No Further Action" letter or other evidence reasonably
            acceptable to a prudent commercial mortgage lender that applicable
            federal, state, or local governmental authorities had no current
            intention of taking any action, and are not requiring any action, in
            respect of such condition or circumstance, or (viii) which would not
            require substantial cleanup, remedial action or other extraordinary
            response under any Environmental Laws reasonably estimated to cost
            in excess of the lesser of $250,000 or 2% of the outstanding
            principal balance of such Mortgage Loan;

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

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

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

            (22) As of the date of origination of the related Mortgage Loan,
and, as of the Closing Date, the Mortgaged Property is covered by insurance
policies providing the coverage described below and the Mortgage Loan documents
permit the mortgagee to require the coverage described below. All premiums with
respect to the Insurance Policies insuring each Mortgaged Property have been
paid in a timely manner or escrowed to the extent required by the Mortgage Loan
documents, and the Seller has not received any notice of cancellation or
termination. The relevant Servicing File contains the Insurance Policy required
for such Mortgage Loan or a certificate of insurance for such Insurance Policy.
Each Mortgage requires that the related Mortgaged Property and all improvements
thereon are covered by Insurance Policies providing (subject to customary
deductibles) (A) coverage for losses sustained by fire and other risks and
hazards covered by a casualty insurance policy providing "special" form coverage
in an amount sufficient to prevent the Mortgagor from being deemed a co-insurer
and to provide coverage in an amount equal to the lesser of the full replacement
cost of such Mortgaged Property (in some cases exclusive of excavations,
underground utilities, foundations and footings) and the outstanding principal
balance of the related Mortgage Loan with an appropriate endorsement to avoid
application of any coinsurance provision; such policies contain a standard
mortgage clause naming mortgagee and its successor in interest as additional
insureds or loss payee, as applicable; (B) business interruption or rental loss
insurance with no exclusion for acts of terrorism in an amount at least equal to
(a) 12 months of operations or (b) in some cases all rents and other amounts
customarily insured under this type of insurance of the Mortgaged Property; (C)
flood insurance (if any portion of the improvements on the Mortgaged Property is
located in an area identified by the Federal Emergency Management Agency
("FEMA"), with respect to certain Mortgage Loans and the Secretary of Housing
and Urban Development with respect to other Mortgage Loans, as having special
flood hazards) in an amount not to exceed amounts prescribed by FEMA; (D)
workers' compensation, if required by law; (E) comprehensive general liability
insurance in an amount consistent with the standard utilized by the Seller with
respect to loans it holds for its own account, but not less than $1 million; all
such Insurance Policies contain clauses providing they are not terminable and
may not be terminated, without thirty (30) days prior written notice to the
mortgagee (except where applicable law requires a shorter period or except for
nonpayment of premiums, in which case not less than ten (10) days prior written
notice to the mortgagee is required). In addition, each Mortgage permits the
related mortgagee to make premium payments to prevent the cancellation thereof
and shall entitle such mortgagee to reimbursement therefor. Any insurance
proceeds in respect of a casualty loss or taking will be applied either to the
repair or restoration of all or part of the related Mortgaged Property or the
payment of the outstanding principal balance of the related Mortgage Loan
together with any accrued interest thereon. 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, such Mortgaged Property is
insured by windstorm insurance in an amount at least equal to (subject to
customary deductibles) the lesser of (i) the outstanding principal balance of
such Mortgage Loan and (ii) 100% of the full insurable value, or 100% of the
replacement cost, of the improvements located on the related Mortgaged Property.
The related Mortgaged Property is insured by an Insurance Policy, issued by an
insurer meeting the requirements of such Mortgage Loan and having a
claims-paying or financial strength rating of at least "A-:V" from A.M. Best
Company or "A-" (or the equivalent) from Standard & Poor's Ratings Services, a
division of The McGraw-Hill Companies, Inc., Fitch, Inc. or Moody's Investors
Service, Inc. An architectural or engineering consultant has performed an
analysis of each of the Mortgaged Properties located in seismic zones 3 or 4 in
order to evaluate the structural and seismic condition of such property, for the
sole purpose of assessing the probable maximum loss ("PML") for the Mortgaged
Property in the event of an earthquake. In such instance, the PML was based on a
450 or 475 year return period, an exposure period of 50 years and a 10%
probability of exceedence. If the resulting report concluded that the PML would
exceed 20% of the amount of the replacement costs of the improvements,
earthquake insurance on such Mortgaged Property was obtained by an insurer rated
at least "A-:V" by A.M. Best Company or "A-" (or the equivalent) from Standard &
Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc., Fitch,
Inc. or Moody's Investors Service, Inc. To the Seller's actual knowledge, the
insurer issuing each of the foregoing insurance policies is qualified, if
required, to write insurance in the jurisdiction where the related Mortgaged
Property is located.

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

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

            (25) The origination (or acquisition, as the case may be), servicing
and collection practices used by the Seller or, to the knowledge of the Seller,
any predecessor or prior servicer with respect to the Mortgage Loan, have been
in all material respects legal and have met customary industry standards.

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

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

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

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

            (30) Each Mortgagor with respect to a Mortgage Loan with a principal
balance as of the Cut-off Date in excess of $5,000,000 included in the Trust
Fund is an entity whose Mortgage Loan documents require that it be a Single
Purpose Entity and, with respect to a Mortgage Loan with a principal balance as
of the Cut-off Date in excess of $15,000,000 its organizational documents
provide that it is, and at least so long as the Mortgage Loan is outstanding
will continue to be, a Single Purpose Entity. For this purpose, "Single Purpose
Entity" shall mean a Person, other than an individual, whose organizational
documents or Mortgage Loan documents provide that it shall engage solely in the
business of owning and operating the Mortgaged Property and which does not
engage in any business unrelated to such property and the financing thereof,
does not have any assets other than those related to its interest in the
Mortgaged Property or the financing thereof or any indebtedness other than as
permitted by the related Mortgage or the other Mortgage Loan documents, and the
organizational documents of which require that it have its own separate books
and records and its own accounts, in each case which are separate and apart from
the books and records and accounts of any other Person.

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

            (32) The Mortgage Loans contain a "due on sale" clause, which
provides for the acceleration of the payment of the unpaid principal balance of
the Mortgage Loan if, without the prior written consent of the holder of the
Mortgage Loan, the property subject to the Mortgage, or any controlling interest
therein, is directly or indirectly transferred or sold (except that it may
provide for transfers by devise, descent or operation of law upon the death of a
member, manager, general partner or shareholder of a Mortgagor and that it may
provide for transfers subject to the Mortgage Loan holder's approval of
transferee, transfers to affiliates, transfers to family members for estate
planning purposes, transfers among existing members, partners or shareholders in
Mortgagor or transfers of passive interests so long as the key principals or
general partner retains control). The Mortgage Loan documents contain a "due on
encumbrance" clause, which provides for the acceleration of the payment of the
unpaid principal balance of the Mortgage Loan if the property subject to the
Mortgage or any controlling interest in the Mortgagor is further pledged or
encumbered, unless the prior written consent of the holder of the Mortgage Loan
is obtained (except that it may provide for assignments subject to the Mortgage
Loan holder's approval of transferee, transfers to affiliates or transfers of
passive interests so long as the key principals or general partner retains
control). The Mortgage Loan documents require the Mortgagor to pay all
reasonable fees and expenses of the holder of the Mortgage associated with
assumptions or transfers of interest in connection with any repayment of the
Mortgage Loan on the related Mortgaged Property. As of the Closing Date, the
Seller holds no preferred equity interest in any Mortgagor and the Seller holds
no mezzanine debt related to such Mortgaged Property.

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

            (34) Each Mortgage Loan containing provisions for defeasance of
mortgage collateral provides that: defeasance may not occur any earlier than two
years after the Closing Date; and requires that (i) the replacement collateral
consist of U.S. "government securities," within the meaning of Treasury
Regulations Section 1.860G-2(a)(8)(i), in an amount sufficient to make all
scheduled payments under the Mortgage Note when due (up to the maturity date for
the related Mortgage Loan, the Anticipated Repayment Date for ARD Loans or the
date on which the Mortgagor may prepay the related Mortgage Loan without payment
of any prepayment penalty); (ii) the loan may be assumed by a Single Purpose
Entity approved by the holder of the Mortgage Loan; (iii) counsel provide an
opinion that the trustee has a perfected security interest in such collateral
prior to any other claim or interest; and (iv) such other documents and
certifications as the mortgagee may reasonably require which may include,
without limitation, (A) a certification that the purpose of the defeasance is to
facilitate the disposition of the mortgaged real property or any other customary
commercial transaction and not to be part of an arrangement to collateralize a
REMIC offering with obligations that are not real estate mortgages and (B) a
certification from an independent certified public accountant that the
collateral is sufficient to make all scheduled payments under the Mortgage Note
when due. Each Mortgage Loan containing provisions for defeasance provides that,
in addition to any cost associated with defeasance, the related Mortgagor shall
pay, as of the date the mortgage collateral is defeased, all scheduled and
accrued interest and principal due as well as an amount sufficient to defease in
full the Mortgage Loan (except as contemplated in paragraph (35) hereof). In
addition, if the related Mortgage Loan permits defeasance, then the Mortgage
Loan documents provide that the related Mortgagor shall (x) pay all reasonable
fees associated with the defeasance of the Mortgage Loan and all other
reasonable expenses associated with the defeasance, or (y) provide all opinions
required under the related Mortgage Loan documents, and in the case of any
Mortgage Loan with an outstanding principal balance as of the Cut-off Date of
$40,000,000 or greater, (1) a REMIC opinion and (2) rating agency letters
confirming that no downgrade or qualification shall occur as a result of the
defeasance.

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

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

            (37) In the event of casualty or destruction of the Mortgaged
Property, any non-conformity with applicable zoning laws as of the origination
date will not prohibit the Mortgaged Property improvements from being restored
or repaired in all material respects, to the use or structure at the time of
such casualty, except for restrictions on its use, repair or restoration for
which (i) law and ordinance insurance coverage has been obtained in amounts
consistent with the standards utilized by the Seller or (ii) an ALTA lender's
title insurance policy (or binding commitment therefor) or the equivalent as
adopted in the applicable jurisdiction insures against such non-conformity. For
purposes of the foregoing sentence, it is understood that any change to the use
or structure of the Mortgaged Property which materially and adversely affects
the related Mortgagor's ability to timely make payments on the related Mortgage
Loan shall be deemed to be a material change to such use or structure.

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

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

            (40) The related Mortgage or other Mortgage Loan documents provide a
grace period for delinquent Monthly Payments no longer than ten (10) days from
the applicable payment date or with respect to acceleration or the commencement
of the accrual of default interest under any Mortgage Loan, five (5) days after
notice to the Mortgagor of default.

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

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

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

Defined Terms:

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

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

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

            The term "Environmental Site Assessment" shall mean (x) a Phase I
environmental report meeting the requirements of the American Society for
Testing and Materials and being generally consistent with assessments of
environmental hazards undertaken by the Seller for similar properties, as of the
date of such assessment, and (y) if in accordance with customary industry
standards a reasonable lender would require it, a Phase II environmental report,
each report in clauses (x) and (y) prepared by an independent licensed third
party professional experienced in environmental matters.

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

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

            The term "in reliance on" shall mean that:

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

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

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

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

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

            The term "Permitted Encumbrances" shall mean:

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

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

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

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

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

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

<PAGE>

                                    EXHIBIT C

           EXCEPTIONS TO MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

                                    PNC Loans

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

Exceptions to Paragraph (10)(d):

With respect to the following Mortgage Loans, the documents have been modified
to add additional tenant-in-common borrowers:

940954250 Oak Ridge Apartments
940954196 Woodside Corporate Park

940954015 Technology Park--The Mortgage Loan documents are being modified to
require a new monthly escrow in connection with the use of funds from the
reserve for tenant improvements and leasing commissions.

Exceptions to Paragraph (14)(b):

With respect to the following Mortgage Loans, if the related Mortgage Note is
not paid in full on its maturity date and the holder thereof exercises its
option to forbear from pursuing its remedies, such Mortgage Loan provides that,
during the period commencing on or about the related maturity date and
continuing until the earlier of such Mortgage Loan being paid in full or the
holder terminating its forbearance, additional interest above the stated
interest rate applicable prior to the maturity date shall accrue and may be
compounded monthly and shall be payable only after all of the outstanding
principal of such Mortgage Loan is paid in full:

940952769 Court at Upper Providence
940953963 400 Market Street

Exceptions to Paragraph (19)(a):
With respect to the following Mortgage Loans, the applicable engineering report
was performed more than twelve (12) months prior to the Cut-off Date:

940953610 Comfort Inn - Corning
940953552 Heartland Financial Building
940953628 Jesse Place Shopping Center
940953349 Mission Plaza Shopping Center

940953318 Pine Plaza Shopping Center There is no escrow for repairs estimated to
cost $13,000.

Exceptions to Paragraph (20)(c):
940952769 Court at Upper Providence In the event that the mortgagee has become
the owner of the borrower's interest in the related Ground Lease pursuant to a
foreclosure, the related Ground Lease requires the ground lessor's written
consent, not to be unreasonably withheld, conditioned or delayed, to any further
assignment of such interest.

Exceptions to Paragraph (21)(a):
With respect to the following Mortgage Loans, a Phase I Environmental Site
Assessment relating to the Mortgaged Property was prepared more than twelve (12)
months prior to the Closing Date:
940953349 Mission Plaza Shopping Center
940953366 Stor/Gard Self Storage Northboro
940953552 Heartland Financial Building
940953610 Comfort Inn-Corning
940953628 Jesse Place

Exceptions to Paragraph (26):
With respect to the following Mortgage Loans, the last inspection of the related
Mortgaged Property made or caused to be made by the originator or the Seller
occurred more than twelve (12) months prior to the Closing Date:

940953349 Mission Plaza Shopping Center
940953628 Jesse Place Shopping Center
940953552 Heartland Financial Building

Exceptions to Paragraph (28):
940954008 The Tupper Building: A $1,230,250 reserve for repair and replacement
of certain capital items was escrowed by the former owner of the Mortgaged
Property pursuant to an escrow agreement among the borrower, the tenant and a
title insurance company. The borrower has collaterally assigned its rights under
the escrow agreement to the Seller with the written consent of the escrow agent
and the written consent of the tenant is being sought.

Exceptions to Paragraph (32):
None of the Mortgage Loans provides for acceleration of its unpaid principal
balance if, without the consent of the holder of the related Mortgage Loan, (i)
an equity interest in the related borrower of 49% or less is transferred or sold
or (ii) an equity interest in the related borrower of any amount is transferred
by virtue of an involuntary change in ownership resulting from a death or
physical or mental disability.

940954015 Technology Park - The Mortgagor under the related Mortgage has a right
to encumber the Mortgaged Property provided such encumbrance is junior in
priority to the related Mortgage and the other requirements set forth in the
related loan documents are satisfied.

With respect to the following Mortgage Loans, equity holders of the Mortgagor
have a right to obtain mezzanine financing, secured by a pledge of direct or
indirect ownership interests in the Mortgagor provided the requirements set
forth in the related loan documents are satisfied:

940953610 Comfort Inn - Corning
940954028 Country Inn & Suites - Inver Grove Heights
940952769 Court at Upper Providence
940954012 Dovetail Villas
940954176 Residence Inn - Union Hill

940954260 Breckenridge & ClimaStor Self Storage - Under certain circumstances
related to a loan default, the Delaware statutory trust borrower may be
terminated and the Mortgaged Property transferred to a newly formed Delaware
limited liability company. The form operation agreement for this limited
liability company has been approved by the Seller, and its members, who have
beneficial ownership interests in the borrower, are to possess the same
percentage ownership interests in the limited liability company that they
possessed in the trust. Additionally, as long as the co-trustees of the Delaware
statutory trust borrower remain persons or entities acceptable to the holder of
the Mortgage Loan and such holder receives prompt notice of the same, transfers
of beneficial ownership interests in the borrower may occur without such
holder's consent.

940954012 Dovetail Villas-- An existing mezzanine loan of $3,152,603 may be
prepaid in part by a second mortgage loan encumbering the Mortgaged Property up
to $1,000,000 from the City of Orlando, Florida.

Exceptions to Paragraph (42):

940954052 Kirby Gate--Borrower's obligation to maintain insurance covering acts
of terrorism is subject to a maximum premium equal to 50% of the property
insurance premium without terrorism coverage, and if such maximum would be
exceeded, borrower may obtain the best available terrorism coverage which does
not exceed the maximum. Borrower and an indemnitor have liability for losses due
to acts of terrorism not covered by a terrorism insurance policy.

<PAGE>

                                    EXHIBIT D

                          FORM OF OFFICER'S CERTIFICATE

            I, [______], a duly appointed, qualified and acting [______] of PNC
Bank, National Association, a national banking association (the "Company"),
hereby certify (on behalf of the Company) as follows:

1.    I have examined the Mortgage Loan Purchase Agreement, dated as of May 1,
      2008 (the "Agreement"), between the Company and J.P. Morgan Chase
      Commercial Mortgage Securities Corp., and all of the representations and
      warranties of the Company under the Agreement are true and correct in all
      material respects on and as of the date hereof with the same force and
      effect as if made on and as of the date hereof (or, in the case of any
      particular representation or warranty set forth on Exhibit B to the
      Agreement, as of such other date provided for in such representation or
      warranty) with the same force and effect as if made on and as of the date
      hereof, subject to the exceptions set forth in the Agreement (including
      Exhibit C thereto).

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

3.    I have examined the information regarding the Mortgage Loans in the
      Prospectus, dated April 18, 2008, as supplemented by the Prospectus
      Supplement, dated April 30, 2008 (collectively, the "Prospectus"),
      relating to the offering of the Class A-1, Class A-2, Class A-3, Class
      A-4, Class A-4FL, Class A-SB, Class A-1A, Class X, Class A-M and Class A-J
      Certificates, the Private Placement Memorandum, dated May 2, 2008 (the
      "Privately Offered Certificate Private Placement Memorandum"), relating to
      the offering of the Class B, Class C, Class D Class E, Class F, Class G,
      Class H, Class J, Class K, Class L, Class M, Class N, Class P, Class Q,
      Class T and Class NR Certificates, and the Residual Private Placement
      Memorandum, dated May 2, 2008 (together with the Privately Offered
      Certificate Private Placement Memorandum, the "Private Placement
      Memoranda"), relating to the offering of the Class R and Class LR
      Certificates, and nothing has come to my attention that would lead me to
      believe that the Prospectus, as of the date of the Prospectus Supplement
      or as of the date hereof, or the Private Placement Memoranda, as of the
      date of the Private Placement Memoranda or as of the date hereof, included
      or includes any untrue statement of a material fact regarding to the
      Mortgage Loans omitted or omits to state therein a material fact necessary
      in order to make the statements therein regarding to the Mortgage Loans,
      in light of the circumstances under which they were made, not misleading;
      provided, I am not making any representation or warranty with respect to
      any misstatement or omission to the extent such misstatement or omission
      is the result of an error by a Dealer or the Depositor in the manipulation
      of, or in calculations based upon, or in any aggregation of, information
      in the Loan Detail (as defined in the Indemnification Agreement), which is
      otherwise correct as to the Mortgage Loans, the related borrowers and the
      related mortgaged properties. I have also examined the Free Writing
      Prospectus (as defined in the Indemnification Agreement) and confirm that
      the Company's representations and warranties with respect to the Free
      Writing Prospectus set forth in the Indemnification Agreement are true and
      correct as of the date hereof.

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

<PAGE>

            IN WITNESS WHEREOF, I have signed my name this 8th day of May 2008.

                                       By:_____________________________
                                          Name:
                                          Title:EXHIBIT 10.3

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

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

                                   PURCHASER,

                                    CIBC Inc.

                                     SELLER

                        MORTGAGE LOAN PURCHASE AGREEMENT

                             Dated as of May 1, 2008

                                  $231,270,619

                            Fixed Rate Mortgage Loans

                                 Series 2008-C2

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

<PAGE>

            This Mortgage Loan Purchase Agreement (this "Agreement"), dated as
of May 1, 2008, is between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as purchaser (the "Purchaser"), and CIBC Inc., as seller ("CIBC" or the
"Seller").

            Capitalized terms used in this Agreement not defined herein shall
have the meanings ascribed to them in the pooling and servicing agreement, dated
as of May 1, 2008 (the "Pooling and Servicing Agreement"), among the Purchaser,
as depositor (the "Depositor"), Midland Loan Services, Inc. and Wells Fargo
Bank, N.A. (each, a "Master Servicer"), CWCapital Investments LLC, as special
servicer (the "Special Servicer"), and LaSalle Bank National Association, as
trustee (in such capacity, the "Trustee") and as paying agent (in such capacity,
the "Paying Agent"), pursuant to which the Purchaser will sell the Mortgage
Loans (as defined herein) to a trust fund and certificates representing
ownership interests in the Mortgage Loans will be issued by the trust fund. For
purposes of this Agreement, the term "Mortgage Loans" refers to the mortgage
loans listed on Exhibit A and the term "Mortgaged Properties" refers to the
properties securing such Mortgage Loans.

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

            SECTION 1. Sale and Conveyance of Mortgages; Possession of Mortgage
File. Effective as of the Closing Date and upon receipt of the purchase price
set forth in the immediately succeeding paragraph, the Seller does hereby sell,
transfer, assign, set over and convey to the Purchaser, without recourse, all of
its right, title, and interest (subject to certain agreements regarding
servicing as provided in the Pooling and Servicing Agreement, subservicing
agreements permitted thereunder and that certain Servicing Rights Purchase
Agreement, dated as of the Closing Date between the applicable Master Servicer
and the Seller) in and to the Mortgage Loans described in Exhibit A, including
all interest and principal received on or with respect to such Mortgage Loans
after the Cut-off Date (other than payments of principal and interest first due
on the Mortgage Loans on or before the Cut-off Date). Upon the sale of the
Mortgage Loans, the ownership of each related Mortgage Note, the Mortgage and
the other contents of the related Mortgage File will be vested in the Purchaser
and immediately thereafter the Trustee and the ownership of records and
documents with respect to the related Mortgage Loan prepared by or which come
into the possession of the Seller (other than the records and documents
described in the proviso to Section 3(a) hereof) shall immediately vest in the
Purchaser and immediately thereafter the Trustee. The Seller's records will
accurately reflect the sale of each such Mortgage Loan to the Purchaser. The
Depositor will sell the Class A-1, Class A-2, Class A-3, Class A-4, Class A-4FL,
Class A-SB, Class A-1A, Class X, Class A-M and Class A-J Certificates (the
"Offered Certificates") to the underwriters specified in the underwriting
agreement, dated April 30, 2008 (the "Underwriting Agreement"), between the
Depositor and J.P. Morgan Securities Inc. ("JPMSI") for itself and as
representative of CIBC World Markets Corp. and PNC Capital Markets LLC
(collectively with JPMSI, the "Underwriters"), and the Depositor will sell the
Class B, Class C, Class D Class E, Class F, Class G, Class H, Class J, Class K,
Class L, Class M, Class N, Class P, Class Q, Class T and Class NR Certificates
(the "Private Certificates") to JPMSI, as the initial purchaser (together with
the Underwriters, the "Dealers") specified in the certificate purchase
agreement, dated May 2, 2008 (the "Certificate Purchase Agreement"), between the
Depositor and JPMSI.

            The sale and conveyance of the Mortgage Loans is being conducted on
an arms-length basis and upon commercially reasonable terms. As the purchase
price for the Mortgage Loans, the Purchaser shall pay to the Seller or at the
Seller's direction $222,675,263.08 (which amount is inclusive of accrued
interest) in immediately available funds minus the Seller's pro rata share of
the costs set forth in Section 9 hereof. The purchase and sale of the Mortgage
Loans shall take place on the Closing Date.

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

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

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

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

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

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

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

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

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

            (c) if, during such period of time after the first date of the
public offering of the Offered Certificates as in the opinion of counsel for the
Underwriters, a prospectus relating to the Offered Certificates is required by
applicable law to be delivered in connection with sales thereof by an
Underwriter or a Dealer, any event shall occur as a result of which it is
necessary to amend or supplement the Prospectus Supplement, including Annex A-1,
A-2 and A-3 thereto and the Diskette included therewith, with respect to any
information relating to the Mortgage Loans or such Seller, in order to make the
statements therein, in the light of the circumstances when the Prospectus
Supplement is so amended or supplemented and delivered to a purchaser, not
misleading, or if it is necessary to amend or supplement the Prospectus
Supplement, including Annex A-1, A-2 and A-3 thereto and the Diskette included
therewith, with respect to any information relating to the Mortgage Loans or
such Seller, to comply with applicable law, the Seller shall do all things
necessary to assist the Depositor to prepare and furnish, at the expense of the
Seller (to the extent that such amendment or supplement relates to the Seller,
the Mortgage Loans listed on Exhibit A and/or any information relating to the
same, as provided by the Seller), to the Underwriters such amendments or
supplements to the Prospectus Supplement as may be necessary, so that the
statements in the Prospectus Supplement as so amended or supplemented, including
Annex A-1, A-2 and A-3 thereto and the Diskette included therewith, with respect
to any information relating to the Mortgage Loans or such Seller, will not, in
the light of the circumstances when the Prospectus is delivered to a purchaser,
be misleading or so that the Prospectus Supplement as so amended or
supplemented, including Annex A-1, A-2 and A-3 thereto and the Diskette included
therewith, with respect to any information relating to the Mortgage Loans or the
Seller, will comply with applicable law. All terms used in this clause (c) and
not otherwise defined herein shall have the meaning set forth in the
Indemnification Agreement, dated as of April 30, 2008 between the Purchaser and
the Seller (the "Indemnification Agreement").

            SECTION 6. Representations and Warranties.

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

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

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

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

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

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

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

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

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

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

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

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

                  (xii) for so long as the Trust is subject to the reporting
      requirements of the Exchange Act, such Seller shall provide the Purchaser
      (or with respect to any Companion Loan that is deposited into an Other
      Securitization, the depositor in such Other Securitization) and the Paying
      Agent with any Additional Form 10-D Disclosure and any Additional Form
      10-K Disclosure which the Purchaser is required to provide with respect to
      such Seller in its capacity as a "sponsor" pursuant to Exhibit Y and
      Exhibit Z of the Pooling and Servicing Agreement within the time periods
      set forth in the Pooling and Servicing Agreement.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

            If any Breach pertains to a representation or warranty that the
related Mortgage Loan documents or any particular Mortgage Loan document
requires the related Mortgagor to bear the costs and expenses associated with
any particular action or matter under such Mortgage Loan document(s), then the
Seller shall not be required to repurchase such Mortgage Loan and the sole
remedy with respect to any Breach of such representation shall be to cure such
Breach within the applicable cure period (as the same may be extended) by
reimbursing the Trust Fund (by wire transfer of immediately available funds) the
reasonable amount of any such costs and expenses incurred by the applicable
Master Servicer, the Special Servicer, the Trustee or the Trust Fund that are
the basis of such Breach and have not been reimbursed by the related Mortgagor;
provided, however, that in the event any such costs and expenses exceed $10,000,
the Seller shall have the option to either repurchase or substitute for the
related Mortgage Loan as provided above or pay such costs and expenses. Except
as provided in the proviso to the immediately preceding sentence, the Seller
shall remit the amount of such costs and expenses and upon its making such
remittance, the Seller shall be deemed to have cured such Breach in all
respects. To the extent any fees or expenses that are the subject of a cure by
the Seller are subsequently obtained from the related Mortgagor, the portion of
the cure payment equal to such fees or expenses obtained from the Mortgagor
shall be returned to the Seller pursuant to Section 2.03(f) of the Pooling and
Servicing Agreement.

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

            Subject to the applicable time periods for cure, substitution or
repurchase provided in this Agreement, if the Seller contests its obligation to
cure, repurchase or substitute for a Mortgage Loan under the terms of this
Agreement (a "Repurchase Claim") and the Special Servicer determines that it is
in the best interest of the Certificateholders to proceed with a liquidation of
a Defaulted Mortgage Loan while pursuing the Repurchase Claim, after the Initial
Resolution Period, the Special Servicer may proceed with such liquidation
without waiving the Trust Fund's right in the event the Repurchase Claim is
determined to be valid as set forth below, to require the Seller to pay an
amount up to, but not exceeding, the amount, if any, by which the Purchase Price
of the related Mortgage Loan exceeds the aggregate of all amounts received from
the liquidation of such Mortgage Loan (such excess amount, the "Liquidation
Shortfall Amount"); provided that (i) the Special Servicer shall not actively
market the related Mortgage Loan for sale to prospective purchasers during the
Initial Resolution Period, (ii) any such action is consistent with the Servicing
Standard, (iii) the terms of the liquidation have been agreed to pursuant to an
arm's length negotiation with an unaffiliated third party purchaser, and (iv)
prior to the consummation of any such liquidation, the Seller receives ten (10)
days prior written notice of the agreed terms of such liquidation from the
Special Servicer and the Seller shall have the option during such 10 day period
to irrevocably agree to purchase the related Mortgage Loan on such agreed terms
and to consummate such purchase within thirty (30) days after receipt of such
notice. In the event that a court of competent jurisdiction determines, or the
Seller and the Special Servicer agree, that the Repurchase Claim is valid, the
Special Servicer shall have the right on behalf of the Trust Fund to take any
action or file any claim in a court of competent jurisdiction to require the
payment by the Seller of the Liquidation Shortfall Amount on such Repurchase
Claim, subject to any rights of the related Mortgage Loan Seller to assert a
claim or defense in any such proceeding that the Liquidation Shortfall Amount
should not be payable in whole or in part by the Seller.

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

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

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

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

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

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

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

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

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

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

                  (ii) a copy of a certificate of good standing of such Seller
      issued by the Secretary of State of the State of Delaware to the effect
      that the Seller is duly organized, existing and in good standing in the
      State of Delaware, dated not earlier than sixty days prior to the Closing
      Date;

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

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

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

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

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

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

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

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

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

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

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

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

            SECTION 9. Expenses. The Seller will pay its pro rata share (the
Seller's pro rata share to be determined according to the percentage that the
aggregate principal balance as of the Cut-off Date of all the Mortgage Loans
represents in proportion to the aggregate principal balance as of the Cut-off
Date of all the mortgage loans to be included in the Trust Fund) of all costs
and expenses of the Purchaser in connection with the transactions contemplated
herein, including, but not limited to: (i) the costs and expenses of the
Purchaser in connection with the purchase of the Mortgage Loans and the other
mortgage loans; (ii) the costs and expenses of reproducing and delivering the
Pooling and Servicing Agreement and printing (or otherwise reproducing) and
delivering the Certificates; (iii) the reasonable and documented fees, costs and
expenses of the Trustee and its counsel incurred in connection with the Trustee
entering into the Pooling and Servicing Agreement; (iv) the fees and
disbursements of a firm of certified public accountants selected by the
Purchaser and the Seller with respect to numerical information in respect of the
Mortgage Loans and the Certificates included in the Prospectus, any Free Writing
Prospectus (as defined in the Indemnification Agreement), the Memoranda (as
defined in the Indemnification Agreement) and any related 8-K Information (as
defined in the Underwriting Agreement), or items similar to the 8-K Information,
including the cost of obtaining any "comfort letters" with respect to such
items; (v) the costs and expenses in connection with the qualification or
exemption of the Certificates under state securities or blue sky laws, including
filing fees and reasonable fees and disbursements of counsel in connection
therewith; (vi) the costs and expenses in connection with any determination of
the eligibility of the Certificates for investment by institutional investors in
any jurisdiction and the preparation of any legal investment survey, including
reasonable fees and disbursements of counsel in connection therewith; (vii) the
costs and expenses in connection with printing (or otherwise reproducing) and
delivering the Registration Statement, the Prospectus, the Memoranda and any
Free Writing Prospectus, and the reproduction and delivery of this Agreement and
the furnishing to the Underwriters of such copies of the Registration Statement,
the Prospectus, the Memoranda, any Free Writing Prospectus and this Agreement as
the Underwriters may reasonably request; (viii) the fees of the rating agency or
agencies requested to rate the Certificates and (ix) the reasonable fees and
expenses of Thacher, Proffit & Wood LLP, counsel to the Underwriters, and
Cadwalader, Wickersham & Taft LLP, counsel to the Depositor.

            SECTION 10. Severability of Provisions. If any one or more of the
covenants, agreements, provisions or terms of this Agreement shall be for any
reason whatsoever held invalid, then such covenants, agreements, provisions or
terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement. Furthermore, the
parties shall in good faith endeavor to replace any provision held to be invalid
or unenforceable with a valid and enforceable provision which most closely
resembles, and which has the same economic effect as, the provision held to be
invalid or unenforceable.

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

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

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

            SECTION 14. Notices. All demands, notices and communications
hereunder shall be in writing and shall be deemed to have been duly given upon
receipt by the intended recipient if personally delivered at or couriered, sent
by facsimile transmission or mailed by first class or registered mail, postage
prepaid, to (i) in the case of the Purchaser, J.P. Morgan Chase Commercial
Mortgage Securities Corp., 270 Park Avenue, New York, New York 10017, Attention:
Emanuel Chrysoulakis, Vice President, telecopy number (212) 834-6593, (ii) in
the case of the Seller, 300 Madison Avenue, 8th Floor, New York, New York 10017,
Attention: Real Estate Finance Group, telecopy number (212) 667-5676, and (iii)
in the case of any of the preceding parties, such other address or telecopy
number as may hereafter be furnished to the other party in writing by such
party.

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

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

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

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

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

                                   * * * * * *

<PAGE>

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

                                       J.P. MORGAN CHASE COMMERCIAL MORTGAGE
                                          SECURITIES CORP.

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

                                       CIBC INC.

                                       By:   /s/ Todd H. Roth
                                          -------------------------------------
                                          Name:  TODD H. ROTH
                                          Title: Authorized Signatory

<PAGE>

                                   SCHEDULE I

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

                                      None.

<PAGE>

                                   SCHEDULE II

       MORTGAGED PROPERTY FOR WHICH ENVIRONMENTAL INSURANCE IS MAINTAINED

                                      None.

<PAGE>

                                    EXHIBIT A

                             MORTGAGE LOAN SCHEDULE

JPMCC 2008-C2
Mortgage Loan Schedule (CIBC)

<TABLE>
<CAPTION>

Loan #   Originator/Loan Seller   Mortgagor Name
------   ----------------------   ------------------------------------------------
<S>      <C>                      <C>
     6   CIBC                     Selig Real Estate Holdings XXV, L.L.C.
     8   CIBC                     Philadelphia HGI Associates, L.P.
    19   CIBC                     ZP NO. 127, LLC
    20   CIBC                     Sequoia Forum, LP, Sequoia Forum 1, LP, Sequoia
                                  Forum 2, LP, Sequoia Forum 3, LP, Sequoia Forum
                                  4, LP, Sequoia Forum 5, LP, Sequoia Forum 6, LP,
                                  Sequoia Forum 7, LP, Sequoia Forum 8, LP,
                                  Sequoia Forum 9, LP, Sequoia Forum 10, LP,
                                  Sequoia Forum 11, LP, Sequoia Forum 12, LP,
                                  Sequoia Forum 13, LP, Sequoia Forum 14, LP,
                                  Sequoia Forum 15, LP, Sequoia Forum 16, LP,
                                  Sequoia Forum 17, LP, Sequoia Forum 18, LP,
                                  Sequoia Forum 19, LP, Sequoia Forum 20, LP,
                                  Sequoia Forum 21, LP, Sequoia Forum 22, LP,
                                  Sequoia Forum 23, LP, Sequoia Forum 24, LP,
                                  Sequoia Forum 25, LP, Sequoia Forum 26, LP,
                                  Sequoia Forum 27, LP, Sequoia Forum 28, LP,
                                  Sequoia Forum 29, LP, Sequoia Forum 30, LP
    21   CIBC                     Grande Properties Development, LLC
    22   CIBC                     Arena Parking Investors, LLC, LR St. Clair
                                  Street, LLC, West 9th Street Investors, LLC,
                                  Prospect Garage Investors, LLC, Prospect Garage
                                  Investors II, LLC
 22.01   CIBC
 22.02   CIBC
 22.03   CIBC
 22.04   CIBC
    26   CIBC                     107-18 Realty, L.L.C., 107-19 Leasehold, L.L.C.
    31   CIBC                     Arihunt Hospitality, Inc.
    32   CIBC                     St. Charles I Borrowing Subsidiary LLC
    36   CIBC                     1002 Market St. Property Holdings, L.P.
    37   CIBC                     Sapp Dixon Hospitality-Courtyard Brunswick, LLC
    38   CIBC                     Choice Land Corp., CLR Properties Inc.
    44   CIBC                     Frederik's Court, LLC
    50   CIBC                     The Lofts at New Roc Owners Corp.
    51   CIBC                     QC Outparcel, LLC
    52   CIBC                     Hancock Village Clermont, LLC
    60   CIBC                     DMH Holdings, LLC
    64   CIBC                     Minwis, Inc., Carroll Facilities, LLC
    65   CIBC                     DEKAP Oxford, L.P.
    66   CIBC                     Patriot Wheatfield Associates II, L.P.
    67   CIBC                     BLSC Market Owners, LLC
    71   CIBC                     44 Corners, LLC
    79   CIBC                     ZP No. 82, LLC

<CAPTION>

Loan #   Property Address               City            State   Zip Code   County
------   ----------------------------   -------------   -----   --------   --------------
<S>      <C>                            <C>             <C>     <C>        <C>
     6   333 Elliott Avenue West        Seattle         WA         98119   King
     8   1100 Arch Street               Philadelphia    PA         19107   Philadelphia
    19   10501 Greenbelt Road           Lanham          MD         20706   Prince Georges
    20   2650 South Forum Drive         Grand Prairie   TX         75052   Tarrant

    21   3159 Route 9 South             Rio Grande      NJ         08242   Cape May
    22   Various                        Cleveland       OH      Various    Cuyahoga

 22.01   420-522 Prospect Avenue East   Cleveland       OH         44115   Cuyahoga
 22.02   610-630 Prospect Avenue East   Cleveland       OH         44115   Cuyahoga
 22.03   1365 West 9th Street           Cleveland       OH         44113   Cuyahoga
 22.04   113 St. Clair Avenue           Cleveland       OH         44113   Cuyahoga
    26   107-19 71st Avenue             Forest Hills    NY         11375   Queens
    31   450 SW Florida Gateway Drive   Lake City       FL         32024   Columbia
    32   44 Industrial Park Drive       Waldorf         MD         20602   Charles
    36   1002 Market Street             San Diego       CA         92101   San Diego
    37   580 Millenium Boulevard        Brunswick       GA         31525   Glynn
    38   2501 Brooks Street             Missoula        MT         59801   Missoula
    44   485 Alisal Road                Solvang         CA         93463   Santa Barbara
    50   100 New Roc City Place         New Rochelle    NY         10801   Westchester
    51   3460-3484 Amelia Drive         Orchard Park    NY         14127   Erie
    52   2560 East State Road 50        Clermont        FL         34711   Lake
    60   425 South 25th Street          South Bend      IN         46615   St. Joseph
    64   715 West US Highway 30         Carroll         IA         51401   Carroll
    65   360 Oxford Valley Road         Langhorne       PA         19047   Bucks
    66   6600 Walmore Road              Niagara Falls   NY         14304   Niagara
    67   501 South Pearl Street         Pageland        SC         29728   Chesterfield
    71   34800 Lake Shore Boulevard     Eastlake        OH         44095   Lake
    79   5500-5508 Fort Avenue          Lynchburg       VA         24502   Lynchburg City

<CAPTION>

Loan #   Property Name                                Size     Measure       Interest Rate (%)
------   ------------------------------------------   ------   -----------   -----------------
<S>      <C>                                          <C>      <C>           <C>
     6   333 Elliott Avenue West                      137201   Square Feet             6.01000
     8   Hilton Garden Inn Philadelphia Center City      279   Rooms                   7.27000
    19   Eastgate Center                              111320   Square Feet             7.37000
    20   The Forum at Grand Prairie                      304   Units                   6.00000

    21   Wal-Mart Shopping Center - Rio Grande, NJ     25000   Square Feet             6.55000
    22   Cleveland Arena Parking                        1272   Units                   8.00000

 22.01   420-522 Prospect Avenue                         239   Units                   8.00000
 22.02   610 & 630 Prospect Avenue                       418   Units                   8.00000
 22.03   1365 West 9th Street                            415   Units                   8.00000
 22.04   113 St. Clair Avenue                            200   Units                   8.00000
    26   Forest Hills Portfolio                        25051   Square Feet             6.91000
    31   Hampton Inn Suites - Lake City, FL               89   Rooms                   7.37000
    32   St. Charles 1                                129406   Square Feet             7.06000
    36   Thrifty Payless                               18056   Square Feet             6.81000
    37   Courtyard Marriott - Brunswick, GA               93   Rooms                   7.25000
    38   Missoula Staples/ Hastings Entertainment      47127   Square Feet             6.12000
    44   Frederick's Court                             24326   Square Feet             6.52000
    50   Lofts at New Roc                                 98   Units                   5.78000
    51   Quaker Crossing Outparcel                     27000   Square Feet             6.10000
    52   Hancock Village                               25244   Square Feet             6.72000
    60   Courtyard Place Apartments                      181   Units                   6.64000
    64   KMart - Carroll, IA                           91266   Square Feet             6.90000
    65   Hart Plaza                                    24825   Square Feet             7.08000
    66   6600 Walmore Road                            158441   Square Feet             6.52000
    67   Bi-Lo Supermarket - Pageland, SC              35914   Square Feet             6.68000
    71   Windsor Lodge Apartments                         80   Units                   6.60000
    79   Wards and Fort Avenue                         11500   Square Feet             7.46000

<CAPTION>

Loan #   Net Mortgage Interest Rate   Original Balance   Cutoff Balance   Term   Rem. Term   Maturity/ARD Date
------   --------------------------   ----------------   --------------   ----   ---------   -----------------
<S>      <C>                          <C>                <C>              <C>    <C>         <C>
     6                      5.96846         42,000,000       42,000,000    109         108   05/01/17
     8                      7.22846         38,000,000       38,000,000    120         116   01/01/18
    19                      7.32846         16,500,000       16,500,000    120         120   05/01/18
    20                      5.95846         16,000,000       16,000,000    120         116   01/01/18

    21                      6.50846         14,600,000       14,600,000    120         114   11/01/17
    22                      7.95846         14,000,000       14,000,000    120         118   03/01/18

 22.01                                       5,900,000        5,900,000    120         118   03/01/18
 22.02                                       3,550,000        3,550,000    120         118   03/01/18
 22.03                                       2,850,000        2,850,000    120         118   03/01/18
 22.04                                       1,700,000        1,700,000    120         118   03/01/18
    26                      6.86846         11,000,000       11,000,000    120         113   10/01/17
    31                      7.32846          9,000,000        8,974,189    120         116   01/01/18
    32                      7.01846          8,150,000        8,150,000    120         113   10/01/17
    36                      6.76846          6,548,000        6,548,000    121         121   06/01/18
    37                      7.20846          6,250,000        6,227,887    120         115   12/01/17
    38                      6.07846          6,200,000        6,200,000    116         116   01/01/18
    44                      6.47846          5,514,000        5,485,826    120         114   11/01/17
    50                      5.73846          5,000,000        4,990,400    168         166   03/01/22
    51                      6.05846          4,950,000        4,927,283    120         115   12/01/17
    52                      6.67846          4,900,000        4,876,036    120         114   11/01/17
    60                      6.59846          4,150,000        4,150,000    120         112   09/01/17
    64                      6.85846          3,845,000        3,821,018    120         112   09/01/17
    65                      7.03846          3,800,000        3,788,383    120         116   01/01/18
    66                      6.47846          3,230,000        3,205,645    120         111   08/01/17
    67                      6.63846          3,175,000        3,175,000    120         112   09/01/17
    71                      6.55846          2,625,000        2,611,820    120         114   11/01/17
    79                      7.41846          2,043,750        2,039,132    120         117   02/01/18

<CAPTION>

Loan #   Amort. Term   Rem. Amort.   Monthly Debt Service   Servicing Fee Rate   Accrual Type   ARD (Y/N)
------   -----------   -----------   --------------------   ------------------   ------------   ---------
<S>      <C>           <C>           <C>                    <C>                  <C>            <C>
     6             0             0                213,272              0.04000   Actual/360     No
     8           360           360                259,743              0.04000   Actual/360     No
    19           360           360                113,905              0.04000   Actual/360     No
    20           360           360                 95,928              0.04000   Actual/360     No

    21           360           360                 92,763              0.04000   Actual/360     No
    22           360           360                102,727              0.04000   Actual/360     No

 22.01           360           360                                               Actual/360     No
 22.02           360           360                                               Actual/360     No
 22.03           360           360                                               Actual/360     No
 22.04           360           360                                               Actual/360     No
    26           360           360                 72,520              0.04000   Actual/360     No
    31           360           356                 62,130              0.04000   Actual/360     No
    32           360           360                 54,551              0.04000   Actual/360     No
    36           360           360                 42,732              0.04000   Actual/360     No
    37           360           355                 42,636              0.04000   Actual/360     No
    38           360           360                 37,652              0.04000   Actual/360     No
    44           360           354                 34,925              0.04000   Actual/360     No
    50           360           358                 29,274              0.04000   Actual/360     No
    51           360           355                 29,997              0.04000   Actual/360     No
    52           360           354                 31,684              0.04000   Actual/360     No
    60           360           360                 26,614              0.04000   Actual/360     No
    64           360           352                 25,323              0.04000   Actual/360     No
    65           360           356                 25,486              0.04000   Actual/360     No
    66           360           351                 20,458              0.04000   Actual/360     No
    67             0             0                 17,920              0.04000   Actual/360     No
    71           360           354                 16,765              0.04000   Actual/360     No
    79           360           357                 14,234              0.04000   Actual/360     No

<CAPTION>

Loan #   ARD Step Up (%)   Title Type   Crossed Loan
------   ---------------   ----------   ------------
<S>      <C>               <C>          <C>
     6                     Fee
     8                     Leasehold
    19                     Fee
    20                     Fee

    21                     Fee
    22                     Fee

 22.01                     Fee
 22.02                     Fee
 22.03                     Fee
 22.04                     Fee
    26                     Fee
    31                     Fee
    32                     Fee
    36                     Fee
    37                     Fee
    38                     Fee
    44                     Fee
    50                     Leasehold
    51                     Fee
    52                     Fee
    60                     Fee
    64                     Fee
    65                     Fee
    66                     Fee
    67                     Fee
    71                     Fee
    79                     Fee

<CAPTION>

Loan #   Guarantor
------   --------------------------------------------------------------------------------
<S>      <C>
     6   Martin Selig
     8   Kenneth K. Kochenour
    19   Jeffrey L. Zimmer
    20   Sequoia Real Estate Holdings, L.P., Edward W. Griffith Family Trust, Kafrouni
         Family Trust, Donald F. & Caroline B. Simpson Family Trust, The James Peter
         Fitzpatrick Revocable Trust, Randall S. Braun, Eskey Living Trust, Conway Family
         Trust, Pauline L. Keeler, Ceasar Albert Living Trust, Van Slyke Farms, Inc.,
         Kelly Family Trust, Ruth Vogele, Anne P. Polizzi Decedents Trust, The
         Krassilnikoff Family Trust, Courtney Leigh Sherman Revocable Trust, Thomas J.
         Cunningham, Jr. & Suellen Cunningham Trust, Rosemarie Parr Living Trust, Fred A.
         & Helen A. Licciardello, Frank H. & Pamela J. Mallen, Hansen Family Trust,
         Enrica Cherney Fish Revocable Trust, Edwin F. Lee, James Duffy & Diana E.P.
         Harmon, Pescador Drive, LLC, 2003 James & Pamela Greenan Revocable Trust, Coogan
         Family Trust, The Barbus Family Trust, Hannermann/Bodel Revocable Trust, The
         Wong Revocable Trust, Larpenteur, LLC

    21   Thomas E. Juliano, William T. Juliano
    22   L.& R. Investment Company

 22.01
 22.02
 22.03
 22.04
    26   Philip Pilevsky, Edmond Nassim
    31   Nilesh R. Patel, Pravin J. Patel
    32   St. Charles I LLC, William A Dietch, Steven M. Sumberg
    36   Loon Properties Inc.
    37   Gerald L. Sapp, Sammie D. Dixon
    38   Bil Koonar, Michelle Smith, Eric Van, Claudia Landero Romo
    44   Riley Huffman
    50   The Lofts at New Roc Owners Corp., Louis R. Cappelli
    51   Gerald Buchheit, Jr.
    52   Minoo Vaghaiwalla, Indravadan Shah, Mohan Bhoola
    60   George Klein
    64   Fred Chikovsky, James Shapiro, Paul Green, Walter R. Samuels, Charles Yassky
    65   Douglas Kaplan
    66   Erik E. Kolar
    67   David Grossman, Edward Balazs, Gary Gumowitz
    71   Michael A. Leone, III
    79   Alan Zimmer, Arlene Schreiber, Herbert Zimmer, Jeffrey L. Zimmer

<CAPTION>

Loan #   Letter of Credit
------   ----------------
<S>      <C>
     6   No
     8   No
    19   No
    20   No

    21   No
    22   No

 22.01
 22.02
 22.03
 22.04
    26   No
    31   No
    32   No
    36   No
    37   No
    38   No
    44   No
    50   No
    51   No
    52   No
    60   No
    64   No
    65   No
    66   No
    67   No
    71   No
    79   No

<CAPTION>
                                                             UPFRONT ESCROW
         ----------------------------------------------------------------------------------------------------------------------
Loan #   Upfront CapEx Reserve   Upfront Eng. Reserve   Upfront Envir. Reserve   Upfront TI/LC Reserve   Upfront RE Tax Reserve
------   ---------------------   --------------------   ----------------------   ---------------------   ----------------------
<S>      <C>                     <C>                    <C>                      <C>                     <C>
     6                1,715.00                   0.00               100,000.00                    0.00                22,815.30
     8               49,051.75                   0.00                     0.00                    0.00               523,105.70
    19               10,249.63              36,625.00               135,625.00                4,166.66               255,021.40
    20                5,067.00                   0.00                     0.00                    0.00                90,500.00

    21                  312.50                   0.00                     0.00               74,245.00                     0.00
    22                2,862.00                   0.00                     0.00                    0.00               287,834.76

 22.01
 22.02
 22.03
 22.04
    26                    0.00              44,406.00                     0.00                    0.00               113,107.92
    31                4,655.42                   0.00                     0.00                    0.00                35,648.33
    32               50,000.00               6,250.00                     0.00               30,000.00                13,482.36
    36                    0.00                   0.00                     0.00                2,309.33                     0.00
    37                8,530.58                   0.00                     0.00                    0.00                11,312.50
    38                5,738.75                   0.00                     0.00              225,000.00                34,788.83
    44                  405.43                   0.00                     0.00                2,572.75                49,012.47
    50                1,144.50                   0.00                     0.00                    0.00                95,901.68
    51                  337.50                   0.00                     0.00                  417.00                30,658.62
    52                  315.57                   0.00                     0.00                1,666.67                11,805.00
    60                3,771.00             219,223.75                43,125.00                    0.00                36,000.00
    64                1,228.06                   0.00                     0.00                    0.00                     0.00
    65                  310.33                   0.00                     0.00                1,000.00                44,661.46
    66                    0.00              20,000.00                     0.00                1,716.42                22,248.00
    67                  449.01                   0.00                     0.00                    0.00                47,604.43
    71                1,667.00              12,250.00                     0.00                    0.00                25,052.60
    79                  172.50                   0.00                     0.00                1,666.67                10,310.00

<CAPTION>

         --------------------------------------------
Loan #   Upfront Ins. Reserve   Upfront Other Reserve
------   --------------------   ---------------------
<S>      <C>                    <C>
     6              32,501.00            3,651,876.27
     8             115,345.95                    0.00
    19               9,628.67              400,000.00
    20              33,718.33                    0.00

    21               2,140.00              962,195.34
    22                   0.00            1,000,000.00

 22.01
 22.02
 22.03
 22.04
    26               7,145.27                    0.00
    31              46,958.49                    0.00
    32              19,750.00                    0.00
    36                   0.00                    0.00
    37              56,406.75                    0.00
    38               2,634.33                    0.00
    44               4,310.00                    0.00
    50              61,565.82                    0.00
    51               3,795.41                4,500.00
    52              14,943.55                8,852.00
    60              14,384.00                    0.00
    64              15,917.92                    0.00
    65               4,270.83              144,130.00
    66              29,999.67               59,350.50
    67               8,109.17                    0.00
    71               9,564.00                    0.00
    79               3,761.33                    0.00

<CAPTION>
                                                 MONTHLY ESCROW
         -----------------------------------------------------------------------------------------------
Loan #   Monthly Capex Reserve   Monthly Envir. Reserve   Monthly TI/LC Reserve   Monthly RE Tax Reserve
------   ---------------------   ----------------------   ---------------------   ----------------------
<S>      <C>                     <C>                      <C>                     <C>
     6                 1715.00                     0.00                    0.00                  7605.10
     8                49051.75                     0.00                    0.00                 40470.19
    19                 1249.63                     0.00                 4166.66                 21251.78
    20                 5067.00                     0.00                    0.00                 45250.00

    21                  312.50                     0.00                    0.00                     0.00
    22                2,862.00                     0.00                    0.00                 71958.69

 22.01
 22.02
 22.03
 22.04
    26                    0.00                     0.00                    0.00                 22621.58
    31                 4655.42                     0.00                    0.00                  8912.08
    32                 2156.77                     0.00                 3235.17                  6741.18
    36                    0.00                     0.00                 2309.33                     0.00
    37                 8530.58                     0.00                    0.00                  3770.83
    38                 1147.75                     0.00                 4166.67                  4969.83
    44                  405.43                     0.00                 2572.75                  5723.92
    50                 1144.50                     0.00                    0.00                 16172.00
    51                  337.50                     0.00                  417.00                     0.00
    52                  315.57                     0.00                 1666.67                  5902.50
    60                 3771.00                     0.00                    0.00                  6000.00
    64                 1228.06                     0.00                    0.00                     0.00
    65                  310.33                     0.00                 1000.00                  5798.83
    66                    0.00                     0.00                 1716.42                     0.00
    67                  449.01                     0.00                    0.00                  4760.44
    71                 1667.00                     0.00                    0.00                  3578.94
    79                  172.50                     0.00                 1666.67                  2062.00

<CAPTION>

         --------------------   ---------------------
Loan #   Monthly Ins. Reserve   Monthly Other Reserve   Grace Period   Lockbox In-place   Property Type
------   --------------------   ---------------------   ------------   ----------------   --------------
<S>      <C>                    <C>                     <C>            <C>                <C>
     6                1465.58                    0.00              7   No                 Office
     8               10042.82                    0.00              7   No                 Hotel
    19                2407.17                    0.00              7   No                 Retail
    20                4704.00                    0.00              7   No                 Multifamily

    21                 535.00                    0.00              7   No                 Retail
    22                   0.00                    0.00              7   No                 Parking Garage

 22.01                                                             7                      Parking Garage
 22.02                                                             7                      Parking Garage
 22.03                                                             7                      Parking Garage
 22.04                                                             7                      Parking Garage
    26                1099.21                    0.00              7   No                 Retail
    31                4268.95                    0.00              7   No                 Hotel
    32                1645.83                    0.00              7   No                 Mixed Use
    36                   0.00                    0.00              7   No                 Retail
    37                6267.42                    0.00              7   No                 Hotel
    38                1317.17                    0.00              7   No                 Retail
    44                 718.33                    0.00              7   No                 Retail
    50                6156.58                    0.00              7   No                 Multifamily
    51                   0.00                    0.00              7   No                 Retail
    52                1494.36                    0.00              7   No                 Retail
    60                4794.67                    0.00              7   No                 Multifamily
    64                1447.08                    0.00              7   No                 Retail
    65                 854.17                    0.00              7   No                 Retail
    66                2307.67                    0.00              7   No                 Mixed Use
    67                 810.92                    0.00              7   No                 Retail
    71                1062.67                    0.00              7   No                 Multifamily
    79                 289.33                    0.00              7   No                 Retail

<CAPTION>

Loan #   Defeasance Permitted   Interest Accrual Period   Loan Group   Final Maturity Date
------   --------------------   -----------------------   ----------   -------------------
<S>      <C>                    <C>                       <C>          <C>
     6   Yes                    Actual/360                         1
     8   Yes                    Actual/360                         1
    19   Yes                    Actual/360                         1
    20   Yes                    Actual/360                         2

    21   Yes                    Actual/360                         1
    22   Yes                    Actual/360                         1

 22.01                          Actual/360                         1
 22.02                          Actual/360                         1
 22.03                          Actual/360                         1
 22.04                          Actual/360                         1
    26   Yes                    Actual/360                         1
    31   Yes                    Actual/360                         1
    32   Yes                    Actual/360                         1
    36   Yes                    Actual/360                         1
    37   Yes                    Actual/360                         1
    38   Yes                    Actual/360                         1
    44   Yes                    Actual/360                         1
    50   Yes                    Actual/360                         2
    51   Yes                    Actual/360                         1
    52   Yes                    Actual/360                         1
    60   Yes                    Actual/360                         2
    64   Yes                    Actual/360                         1
    65   Yes                    Actual/360                         1
    66   Yes                    Actual/360                         1
    67   Yes                    Actual/360                         1
    71   Yes                    Actual/360                         2
    79   Yes                    Actual/360                         1

<CAPTION>

Loan #   Remaining Amortization Term for Balloon Loans
------   ---------------------------------------------
<S>      <C>
     6
     8                                             360
    19                                             360
    20                                             360

    21                                             360
    22                                             360

 22.01                                             360
 22.02                                             360
 22.03                                             360
 22.04                                             360
    26                                             360
    31                                             360
    32                                             360
    36                                             360
    37                                             360
    38                                             360
    44                                             360
    50                                             360
    51                                             360
    52                                             360
    60                                             360
    64                                             360
    65                                             360
    66                                             360
    67
    71                                             360
    79                                             360
</TABLE>

<PAGE>

                                    EXHIBIT B

                  MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

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

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

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

            (4) At the time of the assignment of the Mortgage Loans to the
Purchaser, the Seller had good and marketable title to and was the sole owner
and holder of, each Mortgage Loan, free and clear of any pledge, lien,
encumbrance or security interest (subject to certain agreements regarding
servicing as provided in the Pooling and Servicing Agreement, subservicing
agreements permitted thereunder and that certain Servicing Rights Purchase
Agreement, dated as of April 30, 2008 between Master Servicer and Seller) and
such assignment validly and effectively transfers and conveys all legal and
beneficial ownership of the Mortgage Loans to the Purchaser free and clear of
any pledge, lien, encumbrance or security interest (subject to certain
agreements regarding servicing as provided in the Pooling and Servicing
Agreement, subservicing agreements permitted thereunder and that certain
Servicing Rights Purchase Agreement, dated as of April 30, 2008 between Master
Servicer and Seller).

            (5) In respect of each Mortgage Loan, (A) in reliance on public
documents or certified copies of the incorporation or partnership or other
entity documents, as applicable, delivered in connection with the origination of
such Mortgage Loan, the related Mortgagor is an entity organized under the laws
of a state of the United States of America, the District of Columbia or the
Commonwealth of Puerto Rico and (B) the related Mortgagor is not a debtor in any
bankruptcy, receivership, conservatorship, reorganization, insolvency,
moratorium or similar proceeding.

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

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

            (8) The Seller has received an American Land Title Association
(ALTA) lender's title insurance policy or a comparable form of lender's title
insurance policy (or escrow instructions binding on the Title Insurer (as
defined below) and irrevocably obligating the Title Insurer to issue such title
insurance policy or a title policy commitment or pro-forma "marked up" at the
closing of the related Mortgage Loan and countersigned by the Title Insurer or
its authorized agent) as adopted in the applicable jurisdiction (the "Title
Insurance Policy"), which was issued by a nationally recognized title insurance
company (the "Title Insurer") qualified, if required, to do business in the
jurisdiction where the applicable Mortgaged Property is located (unless such
jurisdiction is the State of Iowa), covering the portion of each Mortgaged
Property comprised of real estate and insuring that the related Mortgage is a
valid first lien in the original principal amount of the related Mortgage Loan
on the Mortgagor's fee simple interest (or, if applicable, leasehold interest)
in such Mortgaged Property comprised of real estate, subject only to Permitted
Encumbrances. Such Title Insurance Policy was issued in connection with the
origination of the related Mortgage Loan. No claims have been made under such
Title Insurance Policy. Such Title Insurance Policy is in full force and effect
and all premiums thereon have been paid and will provide that the insured
includes the owner of the Mortgage Loan and its successors and/or assigns. No
holder of the related Mortgage has done, by act or omission, anything that
would, and the Seller has no actual knowledge of any other circumstance that
would, impair the coverage under such Title Insurance Policy. Such Title
Insurance Policy contains no exception regarding the encroachment upon any
material easements by any material permanent improvements located at the related
Mortgaged Property for which the grantee of such easement has the ability to
force removal of such improvement, or such Title Insurance Policy affirmatively
insures (unless the related Mortgaged Property is located in a jurisdiction
where such affirmative insurance is not available) against losses caused by
forced removal of any material permanent improvements on the related Mortgaged
Property that encroach upon any material easements.

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

            (10) (a) The Mortgage Loan documents for each Mortgage Loan provide
that such Mortgage Loan is non-recourse to the related parties thereto except
that the related Mortgagor and at least one individual or entity shall be fully
liable for actual losses, liabilities, costs and damages arising from certain
acts of the related Mortgagor and/or its principals specified in the related
Mortgage Loan documents, which acts generally include the following: (i) fraud
or material misrepresentation, (ii) the misapplication or misappropriation of
rents, insurance proceeds or condemnation awards, (iii) any act of actual waste,
(iv) any breach of the environmental covenants contained in the related Mortgage
Loan documents and (v) filing voluntary bankruptcy or similar insolvency
proceedings in which the Mortgaged Property or any portion thereof is an asset
of the bankruptcy estate.

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

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

            (d) The terms of the Mortgage Loans or the related Mortgage Loan
            documents, have not been altered, impaired, modified or waived in
            any material respect, except prior to the Cut-off Date by written
            instrument duly submitted for recordation, to the extent required,
            and as specifically set forth in the related Mortgage File and no
            such alterations, impairments, modifications, or waivers have been
            completed or consented to since March 28, 2008.

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

            (11) No Mortgage Loan has been satisfied, canceled, subordinated,
released or rescinded, in whole or in part, and the related Mortgagor has not
been released, in whole or in part, from its obligations under any related
Mortgage Loan document.

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

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

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

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

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

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

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

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

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

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

            (19) (a) Except with respect to repairs estimated to cost less than
$10,000 in the aggregate, as of the date of the applicable engineering report
(which was performed within 12 months prior to the Cut-off Date) related to the
Mortgaged Property and, to Seller's knowledge as of the Closing Date, either (i)
the related Mortgaged Property is in good repair, free and clear of any damage
that would materially adversely affect the value of such Mortgaged Property as
security for such Mortgage Loan or the use and operation of the Mortgaged
Property as it was being used or operated as of the origination date or (ii)
escrows in an amount consistent with the standard utilized by the Seller with
respect to similar loans it holds for its own account have been established,
which escrows will in all events be not less than 100% of the estimated cost of
the required repairs. Since the origination date, to the Seller's knowledge,
such Mortgaged Property has not been damaged by fire, wind or other casualty or
physical condition (including, without limitation, any soil erosion or
subsidence or geological condition) that would materially and adversely affect
its value, which damage has not been fully repaired or fully insured, or for
which escrows in an amount consistent with the standard utilized by the Seller
with respect to loans it holds for its own account have not been established.

            (b) As of the origination date of such Mortgage Loan and to the
            Seller's actual knowledge, as of the Closing Date, there are no
            proceedings pending or, to the Seller's actual knowledge,
            threatened, for the partial or total condemnation of the relevant
            Mortgaged Property; provided, that solely for purposes of this
            Representation 19(b), the Seller's actual knowledge shall include
            the actual knowledge of any servicer that has serviced the Mortgage
            Loan on behalf of the Seller. The "actual knowledge" of any such
            Seller as it relates to the actual knowledge of any servicer shall
            be deemed to be knowledge derived from the servicer by the Seller
            based on a level of inquiry that is customary for sellers of conduit
            loans in the commercial real estate lending industry.

            (20) With respect to the Mortgage Loans that are secured in whole or
in part by a leasehold estate (a "Ground Lease") (except with respect to any
Mortgage Loan also secured by the related fee interest in the Mortgaged
Property):

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

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

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

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

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

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

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

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

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

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

            (b) Such Environmental Site Assessment does not identify, and the
            Seller has no actual knowledge of, any adverse circumstances or
            conditions with respect to or affecting the Mortgaged Property that
            would constitute or result in a material violation of any
            Environmental Laws, other than with respect to a Mortgaged Property
            (i) for which environmental insurance (as set forth on Schedule II
            hereto) is maintained, or (ii) which would require (x) any
            expenditure less than or equal to the lesser of $250,000 or 2% of
            the outstanding principal balance of the Mortgage Loan to achieve or
            maintain compliance in all material respects with any Environmental
            Laws or (y) any expenditure greater than the lesser of $250,000 or
            2% of the outstanding principal balance of such Mortgage Loan to
            achieve or maintain compliance in all material respects with any
            Environmental Laws for which, in connection with this clause (y),
            adequate sums, but in no event less than 125% of the estimated cost
            as set forth in the Environmental Site Assessment, were reserved by
            escrow or letter of credit in connection with the origination of the
            Mortgage Loan and for which the related Mortgagor has covenanted to
            perform, or (iii) as to which the related Mortgagor is currently
            implementing or required to implement, and to comply with the
            recommendations of the Environmental Site Assessment with respect to
            such conditions or circumstances, is only required to implement, an
            operations and maintenance plan addressing such conditions or
            circumstances, or (iv) as to which another responsible party not
            related to the Mortgagor with assets reasonably estimated by the
            Seller at the time of origination to be sufficient to effect all
            necessary or required remediation identified in a notice or other
            action from the applicable governmental authority is currently
            taking or required to take such actions, if any, with respect to
            such regulatory authority's order or directive, or (v) as to which
            such conditions or circumstances identified in the Environmental
            Site Assessment were investigated further and based upon such
            additional investigation, an environmental consultant recommended no
            further investigation or remediation, or (vi) as to which a party
            with financial resources reasonably estimated to be adequate to cure
            the condition or circumstance provided a guaranty or indemnity to
            the related Mortgagor or to the mortgagee to cover the costs of any
            required investigation, testing, monitoring or remediation, or (vii)
            as to which the related Mortgagor or other responsible party
            obtained a "No Further Action" letter or other evidence reasonably
            acceptable to a prudent commercial mortgage lender that applicable
            federal, state, or local governmental authorities had no current
            intention of taking any action, and are not requiring any action, in
            respect of such condition or circumstance, or (viii) which would not
            require substantial cleanup, remedial action or other extraordinary
            response under any Environmental Laws reasonably estimated to cost
            in excess of the lesser of $250,000 or 2% of the outstanding
            principal balance of such Mortgage Loan;

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

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

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

            (22) As of the date of origination of the related Mortgage Loan,
and, as of the Closing Date, the Mortgaged Property is covered by insurance
policies providing the coverage described below and the Mortgage Loan documents
permit the mortgagee to require the coverage described below. All premiums with
respect to the Insurance Policies insuring each Mortgaged Property have been
paid in a timely manner or escrowed to the extent required by the Mortgage Loan
documents, and the Seller has not received any notice of cancellation or
termination. The relevant Servicing File contains the Insurance Policy required
for such Mortgage Loan or a certificate of insurance for such Insurance Policy.
Each Mortgage requires that the related Mortgaged Property and all improvements
thereon are covered by Insurance Policies providing (subject to customary
deductibles) (A) coverage for losses sustained by fire and other risks and
hazards covered by a casualty insurance policy providing "special" form coverage
in an amount sufficient to prevent the Mortgagor from being deemed a co-insurer
and to provide coverage in an amount equal to the lesser of the full replacement
cost of such Mortgaged Property (in some cases exclusive of excavations,
underground utilities, foundations and footings) and the outstanding principal
balance of the related Mortgage Loan with an appropriate endorsement to avoid
application of any coinsurance provision; such policies contain a standard
mortgage clause naming mortgagee and its successor in interest as additional
insureds or loss payee, as applicable; (B) business interruption or rental loss
insurance with no exclusion for acts of terrorism in an amount at least equal to
(a) 12 months of operations or (b) in some cases all rents and other amounts
customarily insured under this type of insurance of the Mortgaged Property; (C)
flood insurance (if any portion of the improvements on the Mortgaged Property is
located in an area identified by the Federal Emergency Management Agency
("FEMA"), with respect to certain Mortgage Loans and the Secretary of Housing
and Urban Development with respect to other Mortgage Loans, as having special
flood hazards) in an amount not to exceed amounts prescribed by FEMA; (D)
workers' compensation, if required by law; (E) comprehensive general liability
insurance in an amount consistent with the standard utilized by the Seller with
respect to loans it holds for its own account, but not less than $1 million; all
such Insurance Policies contain clauses providing they are not terminable and
may not be terminated, without thirty (30) days prior written notice to the
mortgagee (except where applicable law requires a shorter period or except for
nonpayment of premiums, in which case not less than ten (10) days prior written
notice to the mortgagee is required). In addition, each Mortgage permits the
related mortgagee to make premium payments to prevent the cancellation thereof
and shall entitle such mortgagee to reimbursement therefor. Any insurance
proceeds in respect of a casualty loss or taking will be applied either to the
repair or restoration of all or part of the related Mortgaged Property or the
payment of the outstanding principal balance of the related Mortgage Loan
together with any accrued interest thereon. 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, such Mortgaged Property is
insured by windstorm insurance in an amount at least equal to (subject to
customary deductibles) the lesser of (i) the outstanding principal balance of
such Mortgage Loan and (ii) 100% of the full insurable value, or 100% of the
replacement cost, of the improvements located on the related Mortgaged Property.
The related Mortgaged Property is insured by an Insurance Policy, issued by an
insurer meeting the requirements of such Mortgage Loan and having a
claims-paying or financial strength rating of at least "A-:V" from A.M. Best
Company or "A-" (or the equivalent) from Standard & Poor's Ratings Services, a
division of The McGraw-Hill Companies, Inc., Fitch, Inc. or Moody's Investors
Service, Inc. An architectural or engineering consultant has performed an
analysis of each of the Mortgaged Properties located in seismic zones 3 or 4 in
order to evaluate the structural and seismic condition of such property, for the
sole purpose of assessing the probable maximum loss ("PML") for the Mortgaged
Property in the event of an earthquake. In such instance, the PML was based on a
450 or 475 year return period, an exposure period of 50 years and a 10%
probability of exceedence. If the resulting report concluded that the PML would
exceed 20% of the amount of the replacement costs of the improvements,
earthquake insurance on such Mortgaged Property was obtained by an insurer rated
at least "A-:V" by A.M. Best Company or "A-" (or the equivalent) from Standard &
Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc., Fitch,
Inc. or Moody's Investors Service, Inc. To the Seller's actual knowledge, the
insurer issuing each of the foregoing insurance policies is qualified, if
required, to write insurance in the jurisdiction where the related Mortgaged
Property is located.

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

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

            (25) The origination (or acquisition, as the case may be), servicing
and collection practices used by the Seller or, to the knowledge of the Seller,
any predecessor or prior servicer with respect to the Mortgage Loan, have been
in all material respects legal and have met customary industry standards.

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

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

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

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

            (30) Each Mortgagor with respect to a Mortgage Loan with a principal
balance as of the Cut-off Date in excess of $5,000,000 included in the Trust
Fund is an entity whose Mortgage Loan documents require that it be a Single
Purpose Entity and, with respect to a Mortgage Loan with a principal balance as
of the Cut-off Date in excess of $15,000,000 its organizational documents
provide that it is, and at least so long as the Mortgage Loan is outstanding
will continue to be, a Single Purpose Entity. For this purpose, "Single Purpose
Entity" shall mean a Person, other than an individual, whose organizational
documents or Mortgage Loan documents provide that it shall engage solely in the
business of owning and operating the Mortgaged Property and which does not
engage in any business unrelated to such property and the financing thereof,
does not have any assets other than those related to its interest in the
Mortgaged Property or the financing thereof or any indebtedness other than as
permitted by the related Mortgage or the other Mortgage Loan documents, and the
organizational documents of which require that it have its own separate books
and records and its own accounts, in each case which are separate and apart from
the books and records and accounts of any other Person.

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

            (32) The Mortgage Loans contain a "due on sale" clause, which
provides for the acceleration of the payment of the unpaid principal balance of
the Mortgage Loan if, without the prior written consent of the holder of the
Mortgage Loan, the property subject to the Mortgage, or any controlling interest
therein, is directly or indirectly transferred or sold (except that it may
provide for transfers by devise, descent or operation of law upon the death of a
member, manager, general partner or shareholder of a Mortgagor and that it may
provide for transfers subject to the Mortgage Loan holder's approval of
transferee, transfers to affiliates, transfers to family members for estate
planning purposes, transfers among existing members, partners or shareholders in
Mortgagor or transfers of passive interests so long as the key principals or
general partner retains control). The Mortgage Loan documents contain a "due on
encumbrance" clause, which provides for the acceleration of the payment of the
unpaid principal balance of the Mortgage Loan if the property subject to the
Mortgage or any controlling interest in the Mortgagor is further pledged or
encumbered, unless the prior written consent of the holder of the Mortgage Loan
is obtained (except that it may provide for assignments subject to the Mortgage
Loan holder's approval of transferee, transfers to affiliates or transfers of
passive interests so long as the key principals or general partner retains
control). The Mortgage Loan documents require the Mortgagor to pay all
reasonable fees and expenses of the holder of the Mortgage associated with
assumptions or transfers of interest in connection with any repayment of the
Mortgage Loan on the related Mortgaged Property. As of the Closing Date, the
Seller holds no preferred equity interest in any Mortgagor and the Seller holds
no mezzanine debt related to such Mortgaged Property.

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

            (34) Each Mortgage Loan containing provisions for defeasance of
mortgage collateral provides that: defeasance may not occur any earlier than two
years after the Closing Date; and requires that (i) the replacement collateral
consist of U.S. "government securities," within the meaning of Treasury
Regulations Section 1.860G-2(a)(8)(i), in an amount sufficient to make all
scheduled payments under the Mortgage Note when due (up to the maturity date for
the related Mortgage Loan, the Anticipated Repayment Date for ARD Loans or the
date on which the Mortgagor may prepay the related Mortgage Loan without payment
of any prepayment penalty); (ii) the loan may be assumed by a Single Purpose
Entity approved by the holder of the Mortgage Loan; (iii) counsel provide an
opinion that the trustee has a perfected security interest in such collateral
prior to any other claim or interest; and (iv) such other documents and
certifications as the mortgagee may reasonably require which may include,
without limitation, (A) a certification that the purpose of the defeasance is to
facilitate the disposition of the mortgaged real property or any other customary
commercial transaction and not to be part of an arrangement to collateralize a
REMIC offering with obligations that are not real estate mortgages and (B) a
certification from an independent certified public accountant that the
collateral is sufficient to make all scheduled payments under the Mortgage Note
when due. Each Mortgage Loan containing provisions for defeasance provides that,
in addition to any cost associated with defeasance, the related Mortgagor shall
pay, as of the date the mortgage collateral is defeased, all scheduled and
accrued interest and principal due as well as an amount sufficient to defease in
full the Mortgage Loan (except as contemplated in paragraph (35) hereof). In
addition, if the related Mortgage Loan permits defeasance, then the Mortgage
Loan documents provide that the related Mortgagor shall (x) pay all reasonable
fees associated with the defeasance of the Mortgage Loan and all other
reasonable expenses associated with the defeasance, or (y) provide all opinions
required under the related Mortgage Loan documents, and in the case of any
Mortgage Loan with an outstanding principal balance as of the Cut-off Date of
$40,000,000 or greater, (1) a REMIC opinion and (2) rating agency letters
confirming that no downgrade or qualification shall occur as a result of the
defeasance.

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

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

            (37) In the event of casualty or destruction of the Mortgaged
Property, any non-conformity with applicable zoning laws as of the origination
date will not prohibit the Mortgaged Property improvements from being restored
or repaired in all material respects, to the use or structure at the time of
such casualty, except for restrictions on its use, repair or restoration for
which (i) law and ordinance insurance coverage has been obtained in amounts
consistent with the standards utilized by the Seller or (ii) an ALTA lender's
title insurance policy (or binding commitment therefor) or the equivalent as
adopted in the applicable jurisdiction insures against such non-conformity. For
purposes of the foregoing sentence, it is understood that any change to the use
or structure of the Mortgaged Property which materially and adversely affects
the related Mortgagor's ability to timely make payments on the related Mortgage
Loan shall be deemed to be a material change to such use or structure.

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

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

            (40) The related Mortgage or other Mortgage Loan documents provide a
grace period for delinquent Monthly Payments no longer than ten (10) days from
the applicable payment date or with respect to acceleration or the commencement
of the accrual of default interest under any Mortgage Loan, five (5) days after
notice to the Mortgagor of default.

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

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

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

Defined Terms:

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

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

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

            The term "Environmental Site Assessment" shall mean (x) a Phase I
environmental report meeting the requirements of the American Society for
Testing and Materials and being generally consistent with assessments of
environmental hazards undertaken by the Seller for similar properties, as of the
date of such assessment, and (y) if in accordance with customary industry
standards a reasonable lender would require it, a Phase II environmental report,
each report in clauses (x) and (y) prepared by an independent licensed third
party professional experienced in environmental matters.

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

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

            The term "in reliance on" shall mean that:

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

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

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

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

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

            The term "Permitted Encumbrances" shall mean:

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

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

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

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

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

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

<PAGE>

                                    EXHIBIT C

           EXCEPTIONS TO MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

     CIBC Inc. Exceptions to Representations and Warranties - JPMCC 2008-C2

Rep. #

7.          Loan No. 32 (St. Charles 1) - Because the Mortgage Loan is
            structured for tax purposes with an indemnity deed of trust
            ("IDOT"), the guarantor of the related Mortgage Note (instead of the
            related Mortgagor) is the owner of the related Mortgaged Property
            and the related Mortgage encumbers such guarantor's fee interest in
            the related Mortgaged Property.

10(a).      Loan No. 20 (The Forum at Grand Prairie) - "Waste" has been deleted
            from the Mortgage Loan documents for the Mortgage Loan as a
            non-recourse carve-out to the Mortgagor.

            Loan No. 50 (Lofts at New Roc) - At such time as Louis Cappelli is
            no longer in control of the cooperative board for the cooperative
            cooperation, Louis Cappelli's liability under the non-recourse
            carve-outs and environmental indemnity shall cease and the related
            Mortgagor will be the only party liable for the non-recourse
            carve-outs and under the environmental indemnity.

10(d).      Loan Nos. 6, 36 and 38 (333 Elliott Avenue West, Thrifty Payless and
            Missoula Staples/Hastings Entertainment) - After March 28, 2008 or
            after the Cut-off Date, the related Mortgage Loan documents were
            modified to effectuate certain contemplated changes that are
            reflected in the prospectus supplement.

            Loan No. 19 (Eastgate Center) - After March 28, 2008 or after the
            Cut-off Date, the related Mortgage Loan documents were (i) modified
            to change the related Mortgagor, and (ii) modified as a
            consolidated, amended and restated loan structure.

19(a).      Loan No. 66 (6600 Walmore Road) - the engineering report with
            respect to the Mortgaged Property was prepared February 28, 2007.

            Loan No. 65 (Hart Plaza) - the engineering report prepared in
            connection with the closing of the Mortgage Loan recommended
            immediate repairs of $12,600.00. An escrow was not established for
            such repairs.

22.         Loan No. 19 (Eastgate Center) - a portion of the Mortgaged Property
            is leased to Giant of Maryland LLC, a Maryland limited liability
            company ("Giant"). Giant maintains property insurance for such
            portion of the Mortgaged Property pursuant to a master insurance
            policy with a property insurance deductible of $100,000.

            Loan No. 21 (Wal-Mart Shopping Center - Rio Grande, NJ) - a portion
            of the Mortgaged Property is leased to Wal-Mart Real Estate Business
            Trust, a Delaware statutory trust. There is no business interruption
            or rental loss insurance in effect with respect to such portion of
            the Mortgaged Property; however, the lease to such tenant does not
            permit the tenant to abate rent in connection with a casualty.

            Loan No. 22 (Cleveland Arena Parking) - The liability insurance
            maintained with respect to the Mortgaged Property has a self insured
            retention of $100,000.

            Loan No. 21 (Wal-Mart Shopping Center - Rio Grande, NJ) - See
            exceptions to Rep #42 below.

30.         Loan No. 32 (St. Charles 1) - The related Mortgage Loan is
            structured for tax purposes with an indemnity deed of trust; the
            guarantor (the "Guarantor") of the related Mortgage Note (instead of
            the related Mortgagor) is the fee owner of the related Mortgaged
            Property and the related Mortgage encumbers such guarantor's fee
            interest in the related Mortgaged Property. The organizational
            documents of the Guarantor do not provide that the purpose is to
            engage solely in the business of owning and operating the related
            Mortgage Property. The organizational documents of the Guarantor
            provide that the sole purpose of the Guarantor is to engage in the
            business of owning and operating the related Mortgage Property and
            to own 100% of the membership interest in the borrower of the
            related Mortgage Loan.

32.         Loan No. 26 (Forest Hills Portfolio) - The Mortgage Loan permits a
            change of control of the Mortgagor, in the event that the original
            Principals are no longer alive and competent, to certain relatives
            who were pre-approved by the holder of the Mortgage Loan and defined
            in the Mortgage as an "Approved Control Party." The original
            "Principals" are defined as Philip Pilevsky and Edmond Nassim.
            "Approved Control Party" shall mean Philip Pilevsky or Edmond
            Nassim, as long as either is alive and competent, and if neither is,
            then it shall mean Seth Pilevsky, Michael Pilevsky, Sheila Levine
            and Albert Nassim, individually or collectively, or any entity which
            is controlled directly or indirectly by such party. The Mortgage
            Loan also permits a change of control of the Mortgagor in the event
            of a transfer to a real estate investment trust having assets of not
            less than $250 million, the equity securities of which are publicly
            traded on a United States exchange (or to the "operating
            partnership" of such real estate investment trust) or its wholly
            owned subsidiary.

            The following applies to each of the Mortgage Loans listed below:
            The related Mortgage provides that direct or indirect equity
            interests in the related Mortgagor may be pledged as security for
            indebtedness of the owners of direct or indirect equity interests in
            the related Mortgagor, under certain conditions more fully set forth
            in the related Mortgage (including, without limitation, limits on
            the maximum aggregate loan-to-value ratio (inclusive of both the
            Mortgage Loan and such mezzanine indebtedness) and/or the minimum
            debt service coverage ratio (inclusive of both the Mortgage Loan and
            such mezzanine indebtedness) and the requirement of an intercreditor
            agreement satisfactory to the holder of the Mortgage Loan).

                  Loan No. 26 (Forest Hills Portfolio)
                  Loan No. 22 (Cleveland Arena Parking)
                  Loan No. 31 (Hampton Inn Suites - Lake City, FL)
                  Loan No. 6 (333 Elliott Avenue West)

42          Loan No. 21 (Wal-Mart Shopping Center - Rio Grande, NJ) - The
            related Mortgagor is obligated to maintain terrorism insurance.
            However, the related Mortgagor is not obligated to incur a cost for
            any such terrorism insurance that is in excess of two (2) times the
            cost of the required "all-risk" insurance for the annual policy
            period.

<PAGE>

                                    EXHIBIT D

                          FORM OF OFFICER'S CERTIFICATE

            I, [______], a duly appointed, qualified and acting [______] of CIBC
Inc., a Delaware corporation (the "Company"), hereby certify (on behalf of the
Company) as follows:

1.    I have examined the Mortgage Loan Purchase Agreement, dated as of May 1,
      2008 (the "Agreement"), between the Company and J.P. Morgan Chase
      Commercial Mortgage Securities Corp., and all of the representations and
      warranties of the Company under the Agreement are true and correct in all
      material respects on and as of the date hereof with the same force and
      effect as if made on and as of the date hereof (or, in the case of any
      particular representation or warranty set forth on Exhibit B to the
      Agreement, as of such other date provided for in such representation or
      warranty) with the same force and effect as if made on and as of the date
      hereof, subject to the exceptions set forth in the Agreement (including
      Exhibit C thereto).

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

3.    I have examined the information regarding the Mortgage Loans in each Free
      Writing Prospectus (as defined in the Indemnification Agreement), when
      read in conjunction with the other Time of Sale Information (as defined in
      the Indemnification Agreement), the Prospectus, dated April 18, 2008, as
      supplemented by the Prospectus Supplement, dated April 30, 2008
      (collectively, the "Prospectus"), relating to the offering of the Class
      A-1, Class A-2, Class A-3, Class A-4, Class A-4FL, Class A-SB, Class A-1A,
      Class X, Class A-M and Class A-J Certificates, the Private Placement
      Memorandum, dated May 2, 2008 (the "Privately Offered Certificate Private
      Placement Memorandum"), relating to the offering of the Class B, Class C,
      Class D Class E, Class F, Class G, Class H, Class J, Class K, Class L,
      Class M, Class N, Class P, Class Q, Class T and Class NR Certificates, and
      the Residual Private Placement Memorandum, dated May 2, 2008 (together
      with the Privately Offered Certificate Private Placement Memorandum, the
      "Private Placement Memoranda"), relating to the offering of the Class R
      and Class LR Certificates, and nothing has come to my attention that would
      lead me to believe that any Free Writing Prospectus, including any
      diskette attached thereto, when read in conjunction with the other Time of
      Sale Information, as of the Time of Sale (as defined in the
      Indemnification Agreement) or as of the date hereof, the Prospectus, as of
      the date of the Prospectus Supplement or as of the date hereof, or the
      Private Placement Memoranda, as of the date of the Private Placement
      Memoranda or as of the date hereof, included or includes any untrue
      statement of a material fact relating to the Mortgage Loans or in the case
      of any Free Writing Prospectus, when read in conjunction with the other
      Time of Sale Information, omitted or omits to state therein a material
      fact necessary in order to make the statements therein relating to the
      Mortgage Loans, in light of the circumstances under which they were made,
      not misleading.

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

<PAGE>

            IN WITNESS WHEREOF, I have signed my name this 8th day of May 2008.

                                       By:_____________________________
                                          Name:
                                          Title:

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