Document:

Exhibit 10.2

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

                                   PURCHASER,

                                    CIBC INC.

                                     SELLER

                        MORTGAGE LOAN PURCHASE AGREEMENT

                            Dated as of June 14, 2007

                                 $1,464,514,801

                            Fixed Rate Mortgage Loans

                               Series 2007-CIBC19

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               This Mortgage Loan Purchase Agreement (this "Agreement"), dated
as of June 14, 2007, 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 June 14, 2007 (the "Pooling and Servicing Agreement"), among the
Purchaser, as depositor (the "Depositor"), Capmark Finance Inc., as a master
servicer ("Capmark"), Wells Fargo Bank, N.A. ("Wells Fargo" and, together with
Capmark, the "Master Servicers"), LNR Partners, Inc., 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 date hereof, between Wells Fargo and the Seller) in
and to the Mortgage Loans described in Exhibit A, including all interest and
principal received on or with respect to the Mortgage Loans after the Cut-off
Date (other than payments of principal and interest first due on the Mortgage
Loans on or before the Cut-off Date). Upon the sale of the Mortgage Loans, the
ownership of each related Mortgage Note, the Mortgage and the other contents of
the related Mortgage File will be vested in the Purchaser and immediately
thereafter the Trustee and the ownership of records and documents with respect
to the related Mortgage Loan prepared by or which come into the possession of
the Seller (other than the records and documents described in the proviso to
Section 3(a) hereof) shall immediately vest in the Purchaser and immediately
thereafter the Trustee. The Seller's records will accurately reflect the sale of
each Mortgage Loan to the Purchaser. The Depositor will sell the Class A-1,
Class A-2, Class A-3, Class A-4, Class A-SB, Class A-1A, Class X, Class A-M,
Class A-J, Class B, Class C, Class D and Class E Certificates (the "Offered
Certificates") to the underwriters specified in the underwriting agreement,
dated June 5, 2007 (the "Underwriting Agreement"), between the Depositor and
J.P. Morgan Securities Inc. ("JPMSI") for itself and as representative of CIBC
World Markets Corp. ("CIBCWMC") and Bear, Stearns & Co. Inc. (together with
JPMSI and CIBCWMC, the "Underwriters"), and the Depositor will sell the Class F,
Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class P, Class Q
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 June 5, 2007 (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 $1,454,338,547 (which amount is inclusive of accrued
interest) in immediately available funds minus 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 Trustee. All scheduled payments of
principal and interest due on or before the Cut-off Date but collected after the
Cut-off Date, and recoveries of principal and interest collected on or before
the Cut-off Date (only in respect of principal and interest on the Mortgage
Loans due on or before the Cut-off Date and principal prepayments thereon),
shall belong to, and shall be promptly remitted to, the Seller.

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

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

               SECTION 3. Delivery of Mortgage Loan Documents; Additional Costs
and Expenses. (a) The Purchaser hereby directs the Seller, and the Seller hereby
agrees, upon the transfer of the Mortgage Loans contemplated herein, to deliver
on the Closing Date to the Trustee or a Custodian appointed thereby, all
documents, instruments and agreements required to be delivered by the Purchaser
to the Trustee with respect to the Mortgage Loans under Sections 2.01(b) and (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 Wells Fargo, 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, privileged or
internal communications or credit underwriting or due diligence 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 Purchaser 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 Wells Fargo, 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 Wells Fargo shall give the Seller notice of such failure and the
Seller shall pay such Transfer Modification Costs.

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

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

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

               (b) it shall take any action reasonably required by the
Purchaser, the Trustee or Wells Fargo, in order to assist and facilitate in the
transfer of the servicing of the Mortgage Loans to Wells Fargo, including
effectuating the transfer of any letters of credit with respect to any Mortgage
Loan to Wells Fargo on behalf of the Trustee for the benefit of
Certificateholders. Prior to the date that a letter of credit with respect to
any Mortgage Loan is transferred to Wells Fargo, the Seller will cooperate with
the reasonable requests of Wells Fargo 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, A-3 and B thereto and the Diskette included therewith, with respect to any
information relating to the Mortgage Loans or the Seller, in order to make the
statements therein, in the light of the circumstances when the Prospectus
Supplement is delivered to a purchaser, not misleading, or if it is necessary to
amend or supplement the Prospectus Supplement, including Annex A-1, A-2, A-3 and
B thereto and the Diskette included therewith, with respect to any information
relating to the Mortgage Loans or the Seller, to comply with applicable law, the
Seller shall do all things necessary to assist the Depositor to prepare and
furnish, at the expense of the Seller (to the extent that such amendment or
supplement relates to the Seller, the Mortgage Loans listed on Exhibit A and/or
any information relating to the same, as provided by the Seller), to the
Underwriters such amendments or supplements to the Prospectus Supplement as may
be necessary, so that the statements in the Prospectus Supplement as so amended
or supplemented, including Annex A-1, A-2, A-3 and B thereto and the Diskette
included therewith, with respect to any information relating to the Mortgage
Loans or the Seller, will not, in the light of the circumstances when the
Prospectus is delivered to a purchaser, be misleading or so that the Prospectus
Supplement, including Annex A-1, A-2, A-3 and B thereto and the Diskette
included therewith, with respect to any information relating to the Mortgage
Loans or the Seller, will comply with applicable law. All terms used in this
clause (c) and not otherwise defined herein shall have the meaning set forth in
the Indemnification Agreement, dated as of June 5, 2007 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 duly qualified to transact business in the State
        of New York. The Seller is in compliance with the laws of each state in
        which any Mortgaged Property is located to the extent necessary so that
        a subsequent holder of the related Mortgage Loan (including, without
        limitation, the Purchaser) that is in compliance with the laws of such
        state would not be prohibited from enforcing such Mortgage Loan solely
        by reason of any non-compliance by the Seller;

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

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

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

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

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

                     (x) it has either (A) not dealt with any Person (other than
        the Purchaser or the Dealers) 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;

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

                     (xii) for so long as the Trust is subject to the reporting
        requirements of the Exchange Act, the Seller shall provide the Purchaser
        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 the 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 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 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), 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, Wells Fargo, 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 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 Wells Fargo 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
not 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 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
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 Wells Fargo, 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) 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 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 from the Closing Date.

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

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

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

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

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

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

               In connection with any repurchase or substitution of one or more
Mortgage Loans contemplated hereby, (i) the Purchaser shall execute and deliver,
or cause the execution and delivery of, such endorsements and assignments,
without recourse to the Trust, 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
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 any
affected Mortgage Loan pursuant to Section 6(e) shall constitute the sole remedy
available to the Purchaser 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 incorporation and
        by-laws, certified as of a recent date by the Assistant Secretary of the
        Seller;

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

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

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

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

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

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

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

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

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

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

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

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

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

               SECTION 9. Expenses. The Seller will pay its pro rata share (the
Seller's pro rata share to be determined according to the percentage that the
aggregate principal balance as of the Cut-off Date of all the Mortgage Loans
represents in proportion to the aggregate principal balance as of the Cut-off
Date of all the mortgage loans to be included in the Trust Fund) of all costs
and expenses of the Purchaser in connection with the transactions contemplated
herein, including, but not limited to: (i) the costs and expenses of the
Purchaser in connection with the purchase of the Mortgage Loans; (ii) the costs
and expenses of reproducing and delivering the Pooling and Servicing Agreement
and this Agreement and printing (or otherwise reproducing,) and delivering the
Certificates; (iii) the reasonable and documented fees, costs and expenses of
the Trustee 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 Proffitt & Wood, LLP, counsel to the Underwriters and
Cadwalader, Wickersham & Taft LLP, counsel to the Depositor.

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

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

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

               SECTION 13. Assignment. The Seller hereby acknowledges that the
Purchaser has, concurrently with the execution hereof, executed and delivered
the Pooling and Servicing Agreement and that, in connection therewith, it has
assigned its rights hereunder to the Trustee for the benefit of the
Certificateholders to the extent set forth in the Pooling and Servicing
Agreement. The Seller hereby acknowledges its obligations, including that of
expense reimbursement, pursuant to Sections 2.01, 2.02 and 2.03 of the Pooling
and Servicing Agreement. This Agreement shall bind and inure to the benefit of,
and be enforceable by, the Seller, the Purchaser and their permitted successors
and permitted assigns. The warranties and representations and the agreements
made by the Seller herein shall survive delivery of the Mortgage Loans to the
Trustee until the termination of the Pooling and Servicing Agreement.

               SECTION 14. Notices. All demands, notices and communications
hereunder shall be in writing and shall be deemed to have been duly given upon
receipt by the intended recipient if personally delivered at or couriered, sent
by facsimile transmission or mailed by first class or registered mail, postage
prepaid, to (i) in the case of the Purchaser, J.P. Morgan Chase Commercial
Mortgage Securities Corp., 270 Park Avenue, New York, New York 10017, Attention:
Dennis Schuh, Vice President, telecopy number (212) 834-6593, (ii) in the case
of the Seller, CIBC Inc., 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 as may
hereafter be furnished to the other party in writing by such parties.

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

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

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

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

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

                                   * * * * * *
<PAGE>

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

                                     J.P. MORGAN CHASE COMMERCIAL
                                         MORTGAGE SECURITIES CORP.

                                     By: /s/ Kunal K. Singh
                                        ----------------------------------------
                                        Name:  Kunal K. Singh
                                        Title: Vice President

                                     CIBC INC.

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

<PAGE>

                                    EXHIBIT A

                             MORTGAGE LOAN SCHEDULE

<TABLE>
<CAPTION>
          JPMCC 2007-CIBC19
          Mortgage Loan Schedule (Combined)

Loan #   Mortgagor Name                                                  Property Address
------   -------------------------------------------------------------   -----------------------------------------------------------
<S>      <C>                                                             <C>
     4   Green Hills Realty Associates LP                                2675 Morgantown Road, 100-300 Gundy Drive,
                                                                         100 Davis Drive & 100 Kachel Boulevard
     6   Mid City Plaza L.L.C.                                           733 West Madison Street
     8   Columbia Properties Hartford, LLC                               15 Farm Springs Road
    11   CP Memphis Properties, LLC                                      2625 Thousand Oaks Boulevard
    12   Harrisburg Realty Associates LP and Camp Hill Realty            Various
         Associates LP
 12.01                                                                   300 Corporate Center Drive
 12.02                                                                   200 Corporate Center Drive
 12.03                                                                   150 Corporate Center Drive
 12.04                                                                   800 Corporate Circle
 12.05                                                                   500 Nationwide Drive
 12.06                                                                   600 Corporate Circle
 12.07                                                                   2401 Park Drive
 12.08                                                                   2404 Park Drive
    13   Fordham Fulton LLC                                              Various
 13.01                                                                   530-540 East 169th Street
 13.02                                                                   480-490 East 188th Street
    14   Plaza Co-op City LLC                                            691 Co-op City Boulevard
    19   Bldg 2007 Retail, LLC, Netarc LLC                               Various
 19.01                                                                   980 Bethlehem Pike
 19.02                                                                   6920-6930 West Kellogg Drive
 19.03                                                                   4235 Stone Mountain Highway
 19.04                                                                   2711 X-Ray Drive
 19.05                                                                   209 Park Street
 19.06                                                                   2505 Dallas Highway
 19.07                                                                   2644 James Road
 19.08                                                                   700 North Main Street
 19.09                                                                   214 North Cleveland Avenue
    23   Euclid Realty LLC                                               29801 Euclid Avenue
    25   Hacienda Plaza JPS, LLC, Hacienda Plaza Investors, LLC,         1735-1869 North Hacienda Boulevard
         Hacienda Plaza Princeton, LP
    26   Freehold Shopping L.L.C.                                        3684 Route 9
    27   1244 Dearborn, LLC                                              1244 North Dearborn Street
    28   LM Hwy, LLC, LRV Holding, LLC, LIB JV GEC Holding, LLC          1520 Lauderdale Memorial Highway
    29   Saunders of Phoenix, LLC                                        1515 North 44th Street
    31   HOLO (SC) QRS 16-91, Inc.                                       1 Technology Circle
    32   TIG Chinatown Center, LP                                        10901 North Lamar Boulevard
    33   Orange Apartment Investors, LLC                                 Various
    34   Stobba Associates, L.P.                                         530 South 2nd Street
    35   Bataa/Kierland, LLC                                             7047 East Greenway Parkway
    36   Two Eleven North Stetson, LLC                                   211 North Stetson Avenue
    41   94th and Shea , L.L.C.                                          9400 East Shea Boulevard
    43   Arizona Golf Resort, LLC                                        425 South Power Road
    46   Summit Square Associates                                        SWC Route 413 and Summit Trace Road
    48   Sequoia Vista Ridge, LP, Sequoia Vista Ridge 1, LP, Sequoia     625 East Vista Ridge Mall Drive
         Vista Ridge 2, LP, Sequoia Vista Ridge 3, LP, Sequoia Vista
         Ridge 4, LP and Sequoia Vista Ridge 5, LP
    50   PM Greentree Place Chandler, LLC                                250 South Elizabeth Way
    53   San Mar Dunhill Holdings, L.P.                                  901-935 Highway 80
    54   Northland Temple Place LLC                                      57-63 Temple Place & 501-507 Washington Street
    55   BPMS Glen Arbor, LLC                                            1900 Stevens Road
    56   Prien Lake Dunhill, LLC                                         1704-1776 West Prien Lake Road
    57   BLDG VC Saddleback LLC, BLDG VC Olive Tree LLC                  3251 Westerville Road
    58   Towne Square Shopping Center, L.P.                              910 West Parker Road
    65   De Anza Moon Valley, LLC                                        1001 5th Street West
    66   221 Canal Street LLC                                            221 Canal Street
    69   Natrona Pass, LLC                                               6901-7145 North 9th Avenue & 2740-2790 Creighton Boulevard
    71   Jack Jangana, Jenny Jangana, n/k/a Jenny Haim, Joyce            535 Broadway
         Jangana, n/k/a Joyce Reiss
    73   21250 Aurora, LLC                                               21250 East 36th Drive
    77   Carlton Hotel, LLC                                              1433 Collins Avenue
    78   466-26 SOHO LLC                                                 466 Broome Street
    79   AFCC II L.L.C.                                                  773 West Grassland Drive
    80   2800 Weston Road Associates, Ltd.                               2780-2818 Weston Road
    83   B.B.B. Plaza Associates, Ltd.                                   14800-14860 South Military Trail &
                                                                         4920 West Atlantic Avenue
    84   Fremont/Downtown Sacramento Partners, L.P.                      1501 16th Street
    85   Lindy ATT Dallas, LLC                                           1430-1440 Empire Central
    87   Cumberland Global, LLC                                          27301 West 11 Mile Road
    91   Needham Street Acquisitions LLC                                 215-227 Needham Street
    92   TVO River Ranch Partners, L.P.                                  5100 River Valley Boulevard
    97   Liberty Tree SPE LLC                                            630 Washington Street
    98   106th South Business Park                                       10421 and 10437 South Jordan Gateway
   100   SC Realty Ventures LP                                           1000 Keystone Industrial Park
   102   Pre/Lake Park (GA) LLC                                          5327 Mill Store Road
   103   Sand Lake Plaza, LLC                                            6450 Poe Avenue
   104   Windsor Lake Placid LLC                                         211 Saranac Avenue
         First Financial Office Investment LLC, First Financial
   105   Fairfield Office Investment, LLC                                700 North Water Street
   106   Beaver Brook Village LLC                                        91-101 Mill Street
   107   Larry Kramer Vineyard Properties LLC, Sharon Kramer Vineyard    245-285 South Palm Canyon Drive
         Properties LLC
   108   Willow Pointe Norton, LLC and Willow Pointe Martel, LLC         13717 Northwest 2nd Avenue
   110   Cheyenne Marketplace, LLC                                       1360-1366 West Cheyenne Avenue
   112   TKC CXVI, LLC                                                   1757 TW Alexander Drive
   113   FS1 Woodbury Associates, L.P.                                   802 Barry Street
   115   Creekside4 Equities LLC                                         11000 Southwest Stratus Street
   118   Kauffman Kittridge, L.P., Kaufman Pure Office, L.P., Midland    500 West Illinois Avenue
         500 Illinois, LLC
   121   Lower Macungie Associates LP                                    6379 Hamilton Boulevard
   122   Adams Four Associates, L.P.                                     800 West 4th Street
   127   North Haven Hotel, LLC                                          201 Washington Avenue
   131   Milestone Klein Crossing S.C., Ltd.                             6064 FM 2920 Road
   132   Plaza North Investors, LLC                                      1800 Fort Harrison Road
   133   BNC Frances Villas, L.P.                                        900 Frances Way
   134   78th HWY OCEANSIDE, LLC                                         3817 Plaza Drive
   138   Mesa Verde Partnership, LLP                                     9700 West 51st Place
   139   Apartment Investors, LLC                                        121 East Quamasia Avenue
   141   Village Walk, LLC                                               1990 Route 70 East
   142   SWB River Square Center Partners, L.P.                          215 South 2nd Street & 217 Mary Avenue
   143   Sunset Key, LLC                                                 9039 Sunset Boulevard
   147   Flanders Investment Property LLC                                6790 Flanders Drive
   148   Research Place, LLC                                             20 Research Place
   150   El Gato Grande Limited Partnership                              455-457 Dalton Avenue
   151   Cathedral Court Holdings LLC                                    900 Cathedral Street
   152   The Promenade, LLC                                              David Walker Drive & US-441
   153   9300 Telephone Road, LLC                                        9300 Telephone Road
   155   Fat Cats SPE, LC                                                Various
155.01                                                                   3739 South 900 East
155.02                                                                   1200 North University Avenue
   156   Telekey, LLC                                                    1155 West Rio Salado Parkway
   157   Humble Hospitality, LLC                                         310 Greymont Avenue
   159   Montcor, LLC                                                    Various
159.01                                                                   11085 Montgomery Road
159.02                                                                   11159 Montgomery Road
159.03                                                                   11147 Montgomery Road
   165   CBH LLC                                                         18614 Crestwood Drive
   166   Plains Point LLLP                                               19284 East Cottonwood Drive
   167   Perry Enterprises, LLC                                          1100 Factory Shops Boulevard & Nancy Creek Road
   173   M.A.M.G.G. Properties LLC                                       11101-11115 Brookhurst Street & 9912-9952 Katella Avenue
   175   South Philly Plaza, LLC                                         2715 South Front Street
   178   Pacific Street Flex LLC                                         1818 Pacific Street
   181   2233 Nostrand, LLC                                              2233 Nostrand Avenue
   182   Brick-70, LLC                                                   550 Route 70
   185   Fishers Crossing Investors LLC                                  7236-7270 Fishers Crossing Drive
   186   East Central Park L.L.C.                                        1815 South State Street
   189   Santay BNP, Inc.                                                6610 Baltimore National Pike
   191   SHV Investors, LLC                                              5050 East University Drive & 446 North Higley Road
   192   Bay Ridge Plaza LLC,  Bay Ridge Plaza II LLC                    15 Bay Ridge Avenue
   193   Chetty Limited Partnership                                      Various
193.01                                                                   Route 202 and Smithbridge Road
193.02                                                                   511 School House Rd
   196   First Columbia Century-20, LLC                                  20 Century Hill Drive
   199   R and E Properties, L.L.C.                                      8610 Broadway
   200   Edison-1 North 35D, L.L.C.                                      1055 Route 1
   203   Veterans Hwy-Holbrook LLC                                       5050 Veterans Memorial Highway
   204   8450 Van Nuys Blvd. (Virginia), LLC                             104 North Witchduck Road
   207   FS1 Windrush Associates, L.P.                                   4322 Kostoryz Road
   208   200 Somerset, L.L.C.                                            200 Campus Drive
   213   Strawberry Square Shopping Center, L.L.C.                       2301 North 29th Street
   214   Empire Utah, LLC                                                1916 North 700 West Street
   218   Cole Gardens Apartments, L.L.C.                                 2800-2808 Jasper Road Southeast
   219   AFW, L.C.                                                       680 South 500 East
   221   Belveder Equities LLC                                           1017 North Charles Street
   222   Edison-1 South 34A, L.L.C.                                      1025 US Highway I
   228   Hooten O'Connor LP                                              11403 O'Connor Road
   229   Casa Di Citta LLC                                               32 East Warren Street
   230   Jefferson Sebastian-Parsippany, L.P.                            757 State Route 15 South
   238   774 Northern LLC                                                774 Northern Avenue
   240   KM-Wilcrest, LLC                                                700-738 Wilcrest Drive
   242   Founders Realty II LLC                                          1850 North Market Street

<CAPTION>

Loan #   City               State     Zip Code   County                 Property Name
------   ----------------   -------   --------   --------------------   ---------------------------------------------------
<S>      <C>                <C>       <C>        <C>                    <C>
     4   Reading            PA           19607   Berks                  Green Hills Corporate Center
     6   Chicago            IL           60661   Cook                   Crowne Plaza Metro Chicago
     8   Farmington         CT            6032   Harford                Marriott - Farmington
    11   Memphis            TN           38118   Shelby                 Marriott - Memphis
    12   Various            PA        Various    Various                Harrisburg Portfolio
 12.01   Camp Hill          PA           17011   Cumberland             300 Corporate Center Drive
 12.02   Camp Hill          PA           17011   Cumberland             200 Corporate Center Drive
 12.03   Camp Hill          PA           17011   Cumberland             150 Corporate Center Drive
 12.04   Harrisburg         PA           17110   Dauphin                800 Corporate Circle
 12.05   Harrisburg         PA           17110   Dauphin                500 Nationwide Drive
 12.06   Harrisburg         PA           17110   Dauphin                600 Corporate Circle
 12.07   Harrisburg         PA           17110   Dauphin                2401 Park Drive
 12.08   Harrisburg         PA           17110   Dauphin                2404 Park Drive
    13   Bronx              NY        Various    Bronx                  Bronx Apartment Portfolio
 13.01   Bronx              NY           10456   Bronx                  530-540 East 169th Street
 13.02   Bronx              NY           10458   Bronx                  480-490 East 188th Street
    14   Bronx              NY           10475   Bronx                  Peartree Square
    19   Various            Various   Various    Various                LG Portfolio
 19.01   Montgomeryville    PA           18936   Montgomery             A.C. Moore and Thomasville
 19.02   Wichita            KS           67209   Sedgwick               Circuit City and OfficeMax
 19.03   Lilburn            GA           30047   Gwinnett               OfficeMax and Sports Authority
 19.04   Gastonia           NC           28054   Gaston                 Caromont - Gastonia
 19.05   Belmont            NC           28012   Gaston                 CaroMont - Belmont
 19.06   Marietta           GA           30064   Cobb                   Hollywood Video
 19.07   Memphis            TN           38127   Shelby                 Walgreens and H&R Block
 19.08   Stanley            NC           28164   Gaston                 CaroMont - Stanley
 19.09   Kings Mountain     NC           28086   Cleveland              CaroMont - Kings Mountain
    23   Wickliffe          OH           44092   Lake                   ABB Automation, Inc.
    25   La Puente          CA           91744   Los Angeles            Plaza de Hacienda
    26   Freehold           NJ           07728   Monmouth               Freehold Mall
    27   Chicago            IL           60610   Cook                   Hotel Indigo
    28   Charleston         TN           37310   Bradley                GE - Cleveland, TN
    29   Phoenix            AZ           85008   Maricopa               Embassy Suites - PHX
    31   Columbia           SC           29203   Richland               Holopack International Corp.
    32   Austin             TX           78753   Travis                 China Town Center
    33   Syracuse           NY           13210   Onondaga               Campus Hill Apartments Portfolio
    34   Philadelphia       PA           19147   Philadelphia           Abbott Square
    35   Scottsdale         AZ           85254   Maricopa               Kierland Corporate Center Phase I
    36   Chicago            IL           60601   Cook                   Lakeshore Athletic Club - Illinois Center
    41   Scottsdale         AZ           85260   Maricopa               9400 Shea Boulevard
    43   Mesa               AZ           85206   Maricopa               Arizona Golf Resort
    46   Langhorne          PA           19047   Bucks                  Summit Square Center
    48   Lewisville         TX           75067   Denton                 Bluff at Vista Ridge
    50   Chandler           AZ           85225   Maricopa               The Greentree Place Apartments
    53   San Marcos         TX           78666   Hays                   San Mar Plaza Shopping Center
    54   Boston             MA           02111   Suffolk                59 Temple Place
    55   Woodbridge         VA           22191   Prince William         Glen Arbor Apartments
    56   Lake Charles       LA           70601   Calcasieu              Prien Lake Plaza
    57   Columbus           OH           43224   Franklin               Value City
    58   Plano              TX           75075   Collin                 Towne Square Shopping Center
    65   Sonoma             CA           95476   Sonoma                 Moon Valley
    66   New York           NY           10013   New York               221 Canal Street
    69   Pensacola          FL           32504   Escambia               Eastgate Plaza
    71   New York           NY           10012   New York               535 Broadway
    73   Aurora             CO           80011   Adams                  Bridgestone Building
    77   Miami Beach        FL           33139   Miami-Dade             Carlton Hotel - South Beach
    78   New York           NY           10013   New York               466 Broome Street
    79   American Fork      UT           84003   Utah                   The Meadows Phase II
    80   Weston             FL           33331   Broward                Millennium Plaza
    83   Delray Beach       FL           33484   Palm Beach             Bed Bath & Beyond Plaza
    84   Sacramento         CA           95814   Sacramento             The Fremont Building
    85   Dallas             TX           75247   Dallas                 AT&T Center - Dallas, TX
    87   Southfield         MI           48033   Oakland                Cumberland Tech Center
    91   Newton             MA           02464   Middlesex              Filene' s Basement
    92   Fort Worth         TX           76132   Tarrant                River Ranch Apartments
    97   Boston             MA           02111   Suffolk                Liberty Tree Building
    98   South Jordan       UT           84095   Salt Lake              106th South Business Park
   100   Dunmore            PA           18512   Lackawanna             Harper Collins
   102   Lake Park          GA           31636   Lowndes                Lake Park Outlets
   103   Dayton             OH           45414   Montgomery             Sand Lake Plaza
   104   Lake Placid        NY           12946   Essex                  Outpost - Lake Placid, NY
   105   Milwaukee          WI           53202   Milwaukee              First Financial Centre
   106   Dracut             MA           01826   Middlesex              Beaver Brook Village
   107   Palm Springs       CA           92262   Riverside              Vineyard Pavilion
   108   Vancouver          WA           98685   Clark                  Willow Pointe Apartments
   110   North Las Vegas    NV           89030   Clark                  Cheyenne Market Place
   112   Durham             NC           27703   Durham                 Empire Distributors of North Carolina
   113   Corpus Christi     TX           78411   Nueces                 Woodbury Apartments
   115   Beaverton          OR           97008   Washington             Creekside Four Office Building
   118   Midland            TX           79701   Midland                Pure Resources Office Building
   121   Macungie           PA           18062   Lehigh                 Trexlertown Marketplace
   122   Wilmington         DE           19801   New Castle             Adams Four
   127   North Haven        CT           06473   New Haven              Holiday Inn North Haven
   131   Spring             TX           77379   Harris                 Klein Crossing Shopping Center
   132   Terre Haute        IN           47804   Vigo                   Plaza North Shopping Center
   133   Richardson         TX           75081   Dallas                 Frances Way Villas Apartments
   134   Oceanside          CA           92056   San Diego              Oceanside
   138   Arvada             CO           80002   Jefferson              Mesa Verde Apartments
   139   McAllen            TX           78504   Hidalgo                Villas De Nolana
   141   Cherry Hill        NJ           08003   Camden                 The Village Walk
   142   Waco               TX           76701   McLennan               River Square Center - Waco, TX
   143   West Hollywood     CA           90069   Los Angeles            9039 Sunset Boulevard
   147   San Diego          CA           92121   San Diego              CPPI Building
   148   North Chelmsford   MA           01863   Middlesex              20 Research Place
   150   Pittsfield         MA           01201   Berkshire              Dalton Avenue Plaza
   151   Baltimore          MD           21201   Baltimore City         Cathedral Court Apartments
   152   Eustis             FL           32726   Lake                   Eustis Shoppes - Eustis, FL
   153   Ventura            CA           93004   Ventura                Telephone Road
   155   Various            UT        Various    Various                Fat Cats Portfolio
155.01   Salt Lake City     UT           84106   Salt Lake              Salt Lake City
155.02   Provo              UT           84604   Utah                   Provo
   156   Tempe              AZ           85281   Maricopa               Riverside Office Plaza
   157   Jackson            MS           39202   Hinds                  Holiday Inn Express - Jackson, MS
   159   Cincinnati         OH           45249   Hamilton               Montcor Buildings - OH
159.01   Cincinnati         OH           45249   Hamilton               11085 Montgomery Road
159.02   Cincinnati         OH           45249   Hamilton               11159 Montgomery Road
159.03   Cincinnati         OH           45249   Hamilton               11147 Montgomery Road
   165   Hagerstown         MD           21742   Washington             Kaplan Higher Education Building
   166   Parker             CO           80138   Douglas                Crown Point Office
   167   Gaffney            SC           29341   Cherokee               Gaffney Retail Center - SC
   173   Garden Grove       CA           92840   Orange                 Garden Grove Retail
   175   Philadelphia       PA           19148   Philadelphia           South Philly Plaza
   178   Hauppauge          NY           11788   Suffolk                1818 Pacific Street
   181   Brooklyn           NY           11210   Kings                  2233 Nostrand Avenue
   182   Brick              NJ           08723   Ocean                  Circuit City
   185   Fishers            IN           46038   Hamilton               Fishers Crossing
   186   Orem               UT           84097   Utah                   Central Park East
   189   Catonsville        MD           21228   Baltimore              Regency Furniture
   191   Mesa               AZ           85205   Maricopa               Shoppes at Higley Village
   192   Brooklyn           NY           11220   Kings                  Met Life Building
   193   Various            PA        Various    Various                Shoppes at Smithbridge and Longwood Office Building
193.01   Glen Mills         PA           19342   Delaware               Shoppes at Smithbridge
193.02   Kennett Square     PA           19348   Chester                Longwood Office Building
   196   Latham             NY           12110   Albany                 20 Century Hill Drive
   199   San Antonio        TX           78217   Bexar                  Broadview Office Building
   200   Edison             NJ           08837   Middlesex              Worldwide Wholesale Floor Covering
   203   Holbrook           NY           11741   Suffolk                5050 Veterans Memorial
   204   Virginia Beach     VA           23462   Virginia Beach City    Stock Building Supply
   207   Corpus Christi     TX           78415   Nueces                 Windrush Apartments
   208   Somerset           NJ           08873   Somerset               200 Campus Drive
   213   Philadelphia       PA           19132   Philadelphia           Strawberry Square Shopping Center
   214   Layton             UT           84041   Davis                  Layton Market Center
   218   Washington         DC           20020   District of Columbia   Cole Gardens Apartments
   219   American Fork      UT           84003   Utah                   AFW Building
   221   Baltimore          MD           21201   Baltimore City         Belvedere Parking Garage
   222   Edison             NJ           08837   Middlesex              Petco
   228   San Antonio        TX           78233   Bexar                  O'Connor Crossing
   229   Columbus           OH           43215   Franklin               Casa di Citta Apartments
   230   Lake Hopatcong     NJ           07849   Morris                 Pathmark Supermarket
   238   Clarkston          GA           30021   Dekalb                 La Carre Apartments
   240   Houston            TX           77042   Harris                 Lakeside Place
   242   Shreveport         LA           71107   Caddo                  Rite Aide - Shreveport, LA
<CAPTION>

                                Interest   Net Mortgage
Loan #   Size     Measure       Rate (%)   Interest Rate   Original Balance   Cutoff Balance   Term   Rem. Term   Maturity/ARD Date
------   ------   -----------   --------   -------------   ----------------   --------------   ----   ---------   -----------------
<S>      <C>      <C>           <C>        <C>             <C>                <C>              <C>    <C>         <C>
     4   583984   Square Feet    5.84000         5.81937         65,000,000       65,000,000     84          82        04/01/14
     6      398   Rooms          6.22000         6.16937         51,500,000       51,500,000     60          60        06/01/12
     8      381   Rooms          5.87000         5.84937         44,000,000       43,879,038    120         117        03/01/17
    11      319   Rooms          5.82000         5.79937         38,000,000       38,000,000    120         119        05/01/17
    12   356502   Square Feet    5.86027         5.83964         36,500,000       36,500,000    120         118        04/01/17
 12.01   175280   Square Feet    5.86027                         17,430,000       17,430,000    120         118        04/01/17
 12.02    60000   Square Feet    5.86027                          6,250,000        6,250,000    120         118        04/01/17
 12.03    39401   Square Feet    5.86027                          4,300,000        4,300,000    120         118        04/01/17
 12.04    24862   Square Feet    5.86027                          2,580,000        2,580,000    120         118        04/01/17
 12.05    18027   Square Feet    5.86027                          1,800,000        1,800,000    120         118        04/01/17
 12.06    17858   Square Feet    5.86027                          1,720,000        1,720,000    120         118        04/01/17
 12.07    10074   Square Feet    5.86027                          1,250,000        1,250,000    120         118        04/01/17
 12.08    11000   Square Feet    5.86027                          1,170,000        1,170,000    120         118        04/01/17
    13      490   Units          5.74000         5.71937         36,500,000       36,500,000    120         119        05/01/17
 13.01      321   Units          5.74000                         23,400,000       23,400,000    120         119        05/01/17
 13.02      169   Units          5.74000                         13,100,000       13,100,000    120         119        05/01/17
    14   139646   Square Feet    5.67000         5.64937         35,500,000       35,500,000    120         117        03/01/17
    19   243058   Square Feet    5.72000         5.69937         32,000,000       32,000,000    120         118        04/01/17
 19.01    40872   Square Feet    5.72000                          7,800,000        7,800,000    120         118        04/01/17
 19.02    68037   Square Feet    5.72000                          7,110,000        7,110,000    120         118        04/01/17
 19.03    66937   Square Feet    5.72000                          6,400,000        6,400,000    120         118        04/01/17
 19.04    18654   Square Feet    5.72000                          2,960,000        2,960,000    120         118        04/01/17
 19.05    14829   Square Feet    5.72000                          2,160,000        2,160,000    120         118        04/01/17
 19.06     7488   Square Feet    5.72000                          1,768,000        1,768,000    120         118        04/01/17
 19.07    14294   Square Feet    5.72000                          1,760,000        1,760,000    120         118        04/01/17
 19.08     8323   Square Feet    5.72000                          1,514,000        1,514,000    120         118        04/01/17
 19.09     3624   Square Feet    5.72000                            528,000          528,000    120         118        04/01/17
    23   536426   Square Feet    5.88000         5.85937         29,600,000       29,600,000    120         117        03/01/17
    25   154692   Square Feet    5.66000         5.63937         27,000,000       27,000,000    120         119        05/01/17
    26   219908   Square Feet    5.91000         5.88937         27,000,000       27,000,000    120         118        04/01/17
    27      165   Rooms          5.76000         5.73937         27,000,000       26,963,898     60          59        05/01/12
    28   851370   Square Feet    5.81000         5.78937         26,700,000       26,700,000    120         120        06/01/17
    29      229   Rooms          5.85000         5.79937         26,500,000       26,500,000    120         119        05/01/17
    31    99961   Square Feet    6.08000         6.05937         26,000,000       25,892,618    240         238        04/01/27
    32   163744   Square Feet    6.42000         6.39937         24,800,000       24,800,000    120         119        05/01/17
    33      619   Units          6.21000         6.18937         24,700,000       24,700,000    120         120        06/01/17
    34    56761   Square Feet    5.74000         5.71937         24,500,000       24,500,000    120         118        04/01/17
    35   109811   Square Feet    5.78000         5.75937         22,000,000       22,000,000    120         119        05/01/17
    36   116670   Square Feet    6.46000         6.43937         21,500,000       21,500,000    120         120        06/01/17
    41    72621   Square Feet    6.05000         6.02937         21,000,000       21,000,000    120         120        06/01/17
    43      187   Rooms          6.77000         6.74937         19,200,000       19,187,144     60          59        05/01/12
    46   112679   Square Feet    5.89000         5.86937         18,750,000       18,750,000    120         120        06/01/17
    48      272   Units          5.84000         5.81937         18,000,000       18,000,000    120         117        03/01/17
    50      256   Units          5.61000         5.58937         17,400,000       17,400,000    120         119        05/01/17
    53   185092   Square Feet    5.67000         5.64937         16,500,000       16,500,000    120         119        05/01/17
    54    96430   Square Feet    5.61000         5.58937         16,500,000       16,500,000     60          58        04/01/12
    55      209   Units          5.64000         5.61937         16,000,000       16,000,000    120         119        05/01/17
    56   130805   Square Feet    5.70000         5.67937         16,000,000       16,000,000    120         120        06/01/17
    57   486531   Square Feet    5.92000         5.89937         16,000,000       16,000,000    120         117        03/01/17
    58   151132   Square Feet    5.96000         5.93937         16,000,000       16,000,000    120         117        03/01/17
    65      247   Pads           5.70000         5.67937         15,000,000       15,000,000    120         119        05/01/17
    66    33530   Square Feet    5.54000         5.51937         15,000,000       15,000,000    120         119        05/01/17
    69   186412   Square Feet    5.89000         5.86937         14,200,000       14,200,000    120         116        02/01/17
    71    16800   Square Feet    5.62000         5.59937         14,000,000       14,000,000    120         118        04/01/17
    73   262500   Square Feet    5.70000         5.67937         13,350,000       13,350,000    120         118        04/01/17
    77       67   Rooms          6.25000         6.22937         13,000,000       13,000,000     60          60        06/01/12
    78    24500   Square Feet    5.77000         5.74937         13,000,000       13,000,000    120         119        05/01/17
    79   100981   Square Feet    5.61000         5.58937         13,000,000       12,988,089    120         119        05/01/17
    80    43308   Square Feet    5.51000         5.48937         12,700,000       12,700,000    120         119        05/01/17
    83    77677   Square Feet    5.98000         5.95937         12,000,000       12,000,000    120         117        03/01/17
    84       69   Square Feet    5.63000         5.60937         12,000,000       12,000,000    120         119        05/01/17
    85   160024   Square Feet    5.78000         5.75937         11,920,000       11,920,000    120         118        04/01/17
    87   107977   Square Feet    5.72000         5.69937         11,680,000       11,680,000    120         119        05/01/17
    91    32269   Square Feet    5.56000         5.53937         11,500,000       11,500,000    120         117        03/01/17
    92      272   Units          5.78000         5.75937         11,400,000       11,400,000    120         119        05/01/17
    97    37783   Square Feet    5.97000         5.94937         10,100,000       10,091,562    120         119        05/01/17
    98    73049   Square Feet    5.70000         5.67937         10,000,000       10,000,000    120         118        04/01/17
   100   296000   Square Feet    5.65000         5.62937          9,900,000        9,900,000    120         118        04/01/17
   102   245464   Square Feet    5.96000         5.93937          9,750,000        9,750,000     60          56        02/01/12
   103   141149   Square Feet    5.68000         5.65937          9,680,000        9,660,994    120         118        04/01/17
   104    74469   Square Feet    5.82000         5.79937          9,600,000        9,600,000    120         120        06/01/17
   105   147799   Square Feet    5.97000         5.94937          9,525,000        9,525,000     60          57        03/01/12
   106    73285   Square Feet    5.70000         5.67937          9,500,000        9,500,000    120         118        04/01/17
   107    35465   Square Feet    5.53000         5.50937          9,300,000        9,300,000    120         120        06/01/17
   108      136   Units          5.80000         5.77937          9,300,000        9,300,000    120         120        06/01/17
   110    71548   Square Feet    5.75000         5.72937          9,000,000        9,000,000    120         118        04/01/17
   112   413820   Square Feet    5.72000         5.69937          8,900,000        8,900,000    120         120        06/01/17
   113      286   Units          5.73000         5.70937          8,800,000        8,800,000    120         118        04/01/17
   115    59657   Square Feet    5.76000         5.73937          8,640,000        8,640,000    120         119        05/01/17
   118   182062   Square Feet    5.71000         5.68937          8,400,000        8,400,000    120         119        05/01/17
   121    36000   Square Feet    5.67000         5.64937          8,300,000        8,300,000    120         118        04/01/17
   122    81180   Square Feet    5.78000         5.75937          8,200,000        8,200,000    120         119        05/01/17
   127      143   Rooms          6.26000         6.19937          8,000,000        7,969,422    120         116        02/01/17
   131    47343   Square Feet    6.15000         6.12937          7,600,000        7,600,000     60          60        06/01/12
   132   341735   Square Feet    5.62000         5.59937          7,500,000        7,500,000    120         116        02/01/17
   133      200   Units          6.18000         6.15937          7,500,000        7,500,000     60          60        06/01/12
   134    42646   Square Feet    5.89000         5.86937          7,426,000        7,426,000    120         119        05/01/17
   138      274   Units          5.92000         5.89937          7,000,000        7,000,000    120         119        05/01/17
   139      120   Units          6.42000         6.39937          7,000,000        6,994,821    115         114        12/01/16
   141    59268   Square Feet    5.72000         5.69937          6,920,000        6,913,833    120         119        05/01/17
   142    92874   Square Feet    6.14000         6.11937          6,880,000        6,853,094    120         116        02/01/17
   143    11735   Square Feet    5.82000         5.79937          6,640,000        6,640,000    120         115        01/01/17
   147    47483   Square Feet    5.71000         5.68937          6,500,000        6,494,193    120         119        05/01/17
   148    40996   Square Feet    5.84000         5.81937          6,500,000        6,482,006    120         117        03/01/17
   150    94613   Square Feet    5.80000         5.68937          6,400,000        6,400,000    120         118        04/01/17
   151       58   Units          5.84000         5.81937          6,400,000        6,400,000    120         118        04/01/17
   152    20639   Square Feet    5.66000         5.63937          6,344,000        6,344,000    120         118        04/01/17
   153    62908   Square Feet    5.86000         5.83937          6,300,000        6,300,000    120         120        06/01/17
   155    65579   Square Feet    6.55000         6.52937          6,250,000        6,225,730    120         118        04/01/17
155.01    41536   Square Feet    6.55000                          3,900,000        3,884,855    120         118        04/01/17
155.02    24043   Square Feet    6.55000                          2,350,000        2,340,874    120         118        04/01/17
   156    31977   Square Feet    5.91000         5.88937          6,200,000        6,200,000    120         118        04/01/17
   157      107   Rooms          5.95000         5.90937          6,100,000        6,094,877    120         119        05/01/17
   159    44900   Square Feet    5.87000         5.84937          6,000,000        5,988,701    120         118        04/01/17
159.01    30500   Square Feet    5.87000                          4,020,000        4,012,430    120         118        04/01/17
159.02     8000   Square Feet    5.87000                          1,110,000        1,107,910    120         118        04/01/17
159.03     6400   Square Feet    5.87000                            870,000          868,362    120         118        04/01/17
   165    50000   Square Feet    6.09000         6.06937          5,600,000        5,600,000     60          60        06/01/12
   166    27858   Square Feet    5.86000         5.78937          5,600,000        5,600,000    120         119        05/01/17
   167    56940   Square Feet    7.60000         7.52937          5,600,000        5,593,009    120         118        04/01/17
   173    44065   Square Feet    5.87000         5.84937          5,450,000        5,450,000    120         117        03/01/17
   175    34200   Square Feet    5.92000         5.89937          5,400,000        5,400,000    120         117        03/01/17
   178    64500   Square Feet    6.06000         6.03937          5,380,000        5,380,000    120         119        05/01/17
   181    22773   Square Feet    5.94000         5.91937          5,275,000        5,275,000    120         117        03/01/17
   182    27811   Square Feet    5.80000         5.77937          5,250,000        5,250,000    120         120        06/01/17
   185    29580   Square Feet    5.74000         5.71937          5,100,000        5,100,000    120         118        04/01/17
   186    45437   Square Feet    5.63000         5.60937          5,075,000        5,075,000    120         120        06/01/17
   189    42000   Square Feet    5.97000         5.94937          4,892,000        4,887,913    120         119        05/01/17
   191    24616   Square Feet    5.69000         5.61937          4,700,000        4,700,000    120         116        02/01/17
   192    15075   Square Feet    5.81000         5.78937          4,700,000        4,700,000    120         118        04/01/17
   193    38636   Square Feet    5.94000         5.91937          4,672,000        4,672,000    120         119        05/01/17
193.01    12636   Square Feet    5.94000                          2,422,000        2,422,000    120         119        05/01/17
193.02    26000   Square Feet    5.94000                          2,250,000        2,250,000    120         119        05/01/17
   196    36872   Square Feet    5.66000         5.63937          4,550,000        4,550,000    120         117        03/01/17
   199    57332   Square Feet    5.66000         5.63937          4,500,000        4,500,000    120         118        04/01/17
   200    41515   Square Feet    5.81000         5.78937          4,500,000        4,500,000    120         120        06/01/17
   203    51540   Square Feet    6.02000         5.99937          4,360,000        4,360,000    120         119        05/01/17
   204    95379   Square Feet    5.80000         5.77937          4,300,000        4,291,776    120         118        04/01/17
   207      160   Units          5.73000         5.70937          4,200,000        4,200,000    120         118        04/01/17
   208    36000   Square Feet    6.47000         6.44937          4,200,000        4,189,453    120         118        04/01/17
   213    67459   Square Feet    6.13000         6.10937          4,000,000        4,000,000    120         120        06/01/17
   214    30170   Square Feet    5.88000         5.85937          4,000,000        4,000,000    120         120        06/01/17
   218       66   Units          6.24000         6.21937          3,960,000        3,960,000     84          84        06/01/14
   219   122333   Square Feet    5.95000         5.92937          3,900,000        3,866,849    120         114        12/01/16
   221      302   Units          5.87000         5.84937          3,650,000        3,650,000    120         120        06/01/17
   222    15000   Square Feet    5.80000         5.77937          3,600,000        3,600,000    120         120        06/01/17
   228    18250   Square Feet    5.85000         5.73937          3,150,000        3,150,000    120         119        05/01/17
   229       26   Units          5.88000         5.85937          3,011,000        3,011,000     60          58        04/01/12
   230    50000   Square Feet    5.76000         5.73937          3,000,000        3,000,000    120         120        06/01/17
   238       48   Units          5.81000         5.78937          2,400,000        2,400,000    120         118        04/01/17
   240    14875   Square Feet    5.76000         5.73937          2,300,000        2,300,000    120         118        04/01/17
   242    13566   Square Feet    6.75000         6.72937          1,000,000          997,779    120         117        03/01/17

<CAPTION>

                                                            Servicing Fee                              ARD Step
Loan #   Amort. Term   Rem. Amort.   Monthly Debt Service   Rate            Accrual Type   ARD (Y/N)   Up (%)          Title Type
------   -----------   -----------   --------------------   -------------   ------------   ---------   -------------   -------------
<S>      <C>           <C>           <C>                    <C>             <C>            <C>         <C>             <C>
     4             0             0                320,727         0.02000   Actual/360     No                          Fee
     6           360           360                316,090         0.05000   Actual/360     No                          Fee/Leasehold
     8           360           357                260,136         0.02000   Actual/360     No                          Fee
    11             0             0                186,860         0.02000   Actual/360     No                          Fee
    12           360           360                215,568         0.02000   Actual/360     No                          Fee
 12.01           360           360                                          Actual/360     No                          Fee
 12.02           360           360                                          Actual/360     No                          Fee
 12.03           360           360                                          Actual/360     No                          Fee
 12.04           360           360                                          Actual/360     No                          Fee
 12.05           360           360                                          Actual/360     No                          Fee
 12.06           360           360                                          Actual/360     No                          Fee
 12.07           360           360                                          Actual/360     No                          Fee
 12.08           360           360                                          Actual/360     No                          Fee
    13             0             0                177,017         0.02000   Actual/360     No                          Fee
 13.01             0             0                                          Actual/360     No                          Fee
 13.02             0             0                                          Actual/360     No                          Fee
    14             0             0                170,067         0.02000   Actual/360     No                          Fee
    19           360           360                186,134         0.02000   Actual/360     No                          Fee
 19.01           360           360                                          Actual/360     No                          Fee
 19.02           360           360                                          Actual/360     No                          Fee
 19.03           360           360                                          Actual/360     No                          Fee
 19.04           360           360                                          Actual/360     No                          Fee
 19.05           360           360                                          Actual/360     No                          Fee
 19.06           360           360                                          Actual/360     No                          Fee
 19.07           360           360                                          Actual/360     No                          Fee
 19.08           360           360                                          Actual/360     No                          Fee
 19.09           360           360                                          Actual/360     No                          Fee
    23           360           360                175,190         0.02000   Actual/360     No                          Fee
    25             0             0                129,119         0.02000   Actual/360     No                          Fee
    26           360           360                160,320         0.02000   Actual/360     No                          Fee
    27           300           299                170,022         0.02000   Actual/360     No                          Fee
    28             0             0                131,068         0.02000   Actual/360     No                          Fee
    29           360           360                156,334         0.05000   Actual/360     No                          Fee
    31           240           238                187,474         0.02000   Actual/360     No                          Fee/Leasehold
    32           360           360                155,450         0.02000   Actual/360     No                          Fee
    33           360           360                151,440         0.02000   Actual/360     No                          Fee
    34           360           360                142,820         0.02000   Actual/360     No                          Fee
    35           360           360                128,806         0.02000   Actual/360     No                          Fee
    36           360           360                135,330         0.02000   Actual/360     No                          Fee
    41           360           360                126,581         0.02000   Actual/360     No                          Fee
    43           360           359                124,786         0.02000   Actual/360     No                          Fee
    46           360           360                111,093         0.02000   Actual/360     No                          Fee
    48           360           360                106,074         0.02000   Actual/360     No                          Fee
    50             0             0                 82,475         0.02000   Actual/360     No                          Fee
    53           360           360                 95,453         0.02000   Actual/360     No                          Fee
    54             0             0                 78,209         0.02000   Actual/360     No                          Fee
    55             0             0                 76,244         0.02000   Actual/360     No                          Fee
    56             0             0                 77,056         0.02000   Actual/360     No                          Fee
    57           360           360                 95,107         0.02000   Actual/360     No                          Fee
    58           360           360                 95,517         0.02000   Actual/360     No                          Fee
    65             0             0                 72,240         0.02000   Actual/360     No                          Fee
    66           360           360                 85,545         0.02000   Actual/360     No                          Fee
    69           360           360                 84,135         0.02000   Actual/360     No                          Fee
    71           360           360                 80,548         0.02000   Actual/360     No                          Fee
    73             0             0                 64,293         0.02000   Actual/360     No                          Fee
    77             0             0                 68,649         0.02000   Actual/360     No                          Fee
    78           360           360                 76,030         0.02000   Actual/360     No                          Fee
    79           360           359                 74,712         0.02000   Actual/360     No                          Fee
    80             0             0                 59,124         0.02000   Actual/360     No                          Fee
    83           360           360                 71,792         0.02000   Actual/360     No                          Fee
    84           360           360                 69,117         0.02000   Actual/360     No                          Fee
    85           360           360                 69,789         0.02000   Actual/360     No                          Fee
    87           360           360                 67,939         0.02000   Actual/360     No                          Fee
    91           360           360                 65,729         0.02000   Actual/360     No                          Fee
    92             0             0                 55,673         0.02000   Actual/360     No                          Fee
    97           360           359                 60,360         0.02000   Actual/360     No                          Fee
    98           360           360                 58,040         0.02000   Actual/360     No                          Fee
   100             0             0                 47,260         0.02000   Actual/360     No                          Fee
   102           360           360                 58,206         0.02000   Actual/360     No                          Fee
   103           360           358                 56,060         0.02000   Actual/360     No                          Fee
   104           360           360                 56,451         0.02000   Actual/360     No                          Fee
   105           360           360                 56,924         0.02000   Actual/360     No                          Fee
   106           360           360                 55,138         0.02000   Actual/360     No                          Fee
   107           360           360                 52,980         0.02000   Actual/360     No                          Fee
   108           360           360                 54,568         0.02000   Actual/360     No                          Fee
   110           360           360                 52,522         0.02000   Actual/360     No                          Fee
   112           360           360                 51,768         0.02000   Actual/360     No                          Fee
   113           360           360                 51,243         0.02000   Actual/360     No                          Fee
   115           360           360                 50,476         0.02000   Actual/360     No                          Fee
   118           360           360                 48,807         0.02000   Actual/360     No                          Fee
   121           360           360                 48,016         0.02000   Actual/360     No                          Leasehold
   122           360           360                 48,009         0.02000   Actual/360     No                          Fee
   127           360           356                 49,309         0.06000   Actual/360     No                          Fee
   131           360           360                 46,301         0.02000   Actual/360     No                          Fee
   132           360           360                 43,151         0.02000   Actual/360     No                          Fee
   133           360           360                 45,838         0.02000   Actual/360     No                          Fee
   134             0             0                 36,956         0.02000   Actual/360     No                          Fee
   138           360           360                 41,609         0.02000   Actual/360     No                          Fee
   139           360           359                 43,877         0.02000   Actual/360     No                          Fee
   141           360           359                 40,251         0.02000   Actual/360     No                          Fee
   142           360           356                 41,870         0.02000   Actual/360     No                          Fee
   143           360           360                 39,045         0.02000   Actual/360     No                          Fee
   147           360           359                 37,767         0.02000   Actual/360     No                          Fee
   148           360           357                 38,305         0.02000   Actual/360     No                          Fee
   150           360           360                 37,552         0.11000   Actual/360     No                          Fee
   151             0             0                 31,579         0.02000   Actual/360     No                          Fee
   152           360           360                 36,660         0.02000   Actual/360     No                          Fee
   153           360           360                 37,207         0.02000   Actual/360     No                          Fee
   155           240           238                 46,782         0.02000   Actual/360     No                          Fee
155.01           240           238                                          Actual/360     No                          Fee
155.02           240           238                                          Actual/360     No                          Fee
   156           360           360                 36,814         0.02000   Actual/360     No                          Fee
   157           360           359                 36,377         0.04000   Actual/360     No                          Fee
   159           360           358                 35,473         0.02000   Actual/360     No                          Fee
159.01           360           358                                          Actual/360     No                          Fee
159.02           360           358                                          Actual/360     No                          Fee
159.03           360           358                                          Actual/360     No                          Fee
   165           360           360                 33,900         0.02000   Actual/360     No                          Fee
   166           360           360                 33,072         0.07000   Actual/360     No                          Fee
   167           360           358                 39,540         0.07000   Actual/360     No                          Fee
   173           360           360                 32,221         0.02000   Actual/360     No                          Fee
   175           360           360                 32,099         0.02000   Actual/360     No                          Fee
   178           360           360                 32,464         0.02000   Actual/360     No                          Fee
   181           360           360                 31,423         0.02000   Actual/360     No                          Fee
   182             0             0                 25,727         0.02000   Actual/360     No                          Fee
   185           360           360                 29,730         0.02000   Actual/360     No                          Fee
   186           360           360                 29,231         0.02000   Actual/360     No                          Fee
   189           360           359                 29,236         0.02000   Actual/360     No                          Fee
   191           360           360                 27,249         0.07000   Actual/360     No                          Fee
   192           360           360                 27,607         0.02000   Actual/360     No                          Fee
   193           360           360                 27,831         0.02000   Actual/360     No                          Fee
193.01           360           360                                          Actual/360     No                          Fee
193.02           360           360                                          Actual/360     No                          Fee
   196           360           360                 26,293         0.02000   Actual/360     No                          Leasehold
   199           360           360                 26,004         0.02000   Actual/360     No                          Fee
   200             0             0                 22,090         0.02000   Actual/360     No                          Fee
   203           360           360                 26,196         0.02000   Actual/360     No                          Fee
   204           360           358                 25,230         0.02000   Actual/360     No                          Fee
   207           360           360                 24,457         0.02000   Actual/360     No                          Fee
   208           300           298                 28,280         0.02000   Actual/360     No                          Fee
   213           360           360                 24,317         0.02000   Actual/360     No                          Fee
   214           360           360                 23,674         0.02000   Actual/360     No                          Fee
   218           360           360                 24,357         0.02000   Actual/360     No                          Fee
   219           300           294                 25,009         0.02000   Actual/360     No                          Fee
   221           360           360                 21,579         0.02000   Actual/360     No                          Fee
   222             0             0                 17,642         0.02000   Actual/360     No                          Fee
   228           360           360                 18,583         0.11000   Actual/360     No                          Fee
   229           360           360                 17,821         0.02000   Actual/360     No                          Fee
   230             0             0                 14,600         0.02000   Actual/360     No                          Fee
   238           360           360                 14,097         0.02000   Actual/360     No                          Fee
   240           360           360                 13,437         0.02000   Actual/360     No                          Fee
   242           360           357                  6,486         0.02000   Actual/360     No                          Fee

<CAPTION>

                          Originator/Loan
Loan #     Crossed Loan   Seller               Guarantor
--------   ------------   -----------------   -------------------------------------------------------------------
<S>        <C>            <C>                 <C>
     4                           CIBC          Jacob Weinreb
     6                           CIBC          David M. Friedman
     8                           CIBC          Columbia Sussex Corporation
    11                           CIBC          Columbia Sussex Corporation
    12                           CIBC          Jacob Weinreb
 12.01                           CIBC
 12.02                           CIBC
 12.03                           CIBC
 12.04                           CIBC
 12.05                           CIBC
 12.06                           CIBC
 12.07                           CIBC
 12.08                           CIBC
    13                           CIBC          Mark Karasick
 13.01                           CIBC
 13.02                           CIBC
    14                           CIBC          Bernard J. Rosenshein
    19                           CIBC          Lloyd Goldman, Jeffrey Fishman
 19.01                           CIBC
 19.02                           CIBC
 19.03                           CIBC
 19.04                           CIBC
 19.05                           CIBC
 19.06                           CIBC
 19.07                           CIBC
 19.08                           CIBC
 19.09                           CIBC
    23                           CIBC          Moshe Drizin
    25                           CIBC          K. Joseph Shabani
    26                           CIBC          Philip Pilevsky
    27                           CIBC          Anthony Klok, Eugene Kornota
    28                           CIBC          Sherwin N. Jarol
    29                           CIBC          Michael J. Hanson
    31                           CIBC          Corporate Property Associates 16-Global Incorporated
    32                           CIBC          Alexander S. Tan
    33                           CIBC          David Salmanson
    34                           CIBC          Eric Blumenfeld
    35                           CIBC          David J. Calvin, Anne K. Calvin
    36                           CIBC          Walter Kaiser, Jordon Kaiser
    41                           CIBC          John Rosso, Steven James Goodhue
    43                           CIBC          Mike Yuval, Jack Sofer, Izhak Ben Shabat
    46                           CIBC          Chris J. Gigliotti
    48                           CIBC          Sequoia Real Estate Holdings, L.P., The Bryan Family Trust U/A
                                               DTD 9/08/00, Andrew J. Breder, O. Loyal Ingersoll, Jr. and
                                               Margie L. Apel Ingersoll Living Trust U/A DTD 11/5/97, Mary A.
                                               Collister, Jane H. Cramer
    50                           CIBC          Paul E. Mashni
    53                           CIBC          William L. Hutchinson
    54                           CIBC          Northland Investment Corporation
    55                           CIBC          Dwight D. Dunton, III
    56                           CIBC          William L. Hutchinson
    57                           CIBC          Lloyd Goldman
    58                           CIBC          William L. Hutchinson
    65                           CIBC          Herbert M. Gelfand
    66                           CIBC          Alexander F. Chu, Irene Chu
    69                           CIBC          Lamar Western, L.P.
    71                           CIBC          Jack Jangana, Jenny Jangana, n/k/a Jenny Haim, Joyce Jangana,
                                               n/k/a Joyce Reiss
    73                           CIBC          Joseph Fried
    77                           CIBC          Brian Scheinblum, Michael Sabet
    78                           CIBC          Albert Malekan, Behrooz Hedvat, Michael Malekan, Shahram
                                               Golpanian , Ouriel Rabbani
    79                           CIBC          Jeffrey K. Woodbury, Richard L.K. Mendenhall
    80                           CIBC          David S. Novoseller
    83                           CIBC          Davis S. Novoseller
    84                           CIBC          Sotiris K. Kolokotronis
    85                           CIBC          Philip B. Lindy
    87                           CIBC          Andre Zolty
    91                           CIBC          Marvin M. Glick
    92                           CIBC          Harry Bookey
    97                           CIBC          W. Kevin Fitzgerald
    98                           CIBC          Brett Sterrett, David F. Halling, Morris R. Sterrett
   100                           CIBC          Samuel Kirschenbaum
   102                           CIBC          Prescott Capital Management, LLC
   103                           CIBC          William S. Weprin
   104                           CIBC          Larry H. Becker, Robert C. Miller
   105                           CIBC          Christopher R. Smith
   106                           CIBC          Frank J. Gorman, Sr.
   107                           CIBC          Larry Kramer, Sharon Kramer
   108                           CIBC          Timothy W. Norton, Kathryn M. Norton, Mark S. Martel, Karen L.
                                               Martel
   110                           CIBC          Gerry Zobrist, R. Phillip Zobrist
   112                           CIBC          Graeme M. Keith, Sr., Graeme M. Keith, Jr., Kenneth R. Beuley,
                                               Keith Real Estate Associates LLC
   113                           CIBC          Michael G. Tombari, Kenneth L. Hatfield
   115                           CIBC          Matthew Felton, William Felton
   118                           CIBC          Mark Kaufman
   121                           CIBC          Richard J. Birdoff
   122                           CIBC          Stephen Mitnick, Joel Peskin
   127                           CIBC          David Werber, Martin Werber, Jeffrey S. Novick
   131                           CIBC          Rodney P. Barry
   132                           CIBC          Edward Ross
   133                           CIBC          Barry S. Nussbaum
   134                           CIBC          Michael  H. Mugel
   138                           CIBC          Francis I. Tsuzuki, Jeffrey W. Loo
   139                           CIBC          Benjamin Robalino, Lalo Cavazos
   141                           CIBC          Marshall Weinerman
   142                           CIBC          Stonehenge Companies, LLC, David G. Wallace, Wallace Bajjali
                                               Development Partners, L.P.
   143                           CIBC          Sunset Key, LLC, Alon Abady
   147                           CIBC          Joseph D. Bean, Stacy Bean, The Joe and Stacy Bean Trust
   148                           CIBC          Eric S. Katz, Joanne R. Katz, Nancy J. Finnegan
   150                           CIBC          Edward L. Hoe
   151                           CIBC          Cathedral Court LLC
   152                           CIBC          Charles Whittall
   153                           CIBC          Daryoush Dayan, Kourosh Dayan, Rojeh Eshagian, Shaol J. Levy
   155                           CIBC          Dave Rutter, Sean Collins
155.01                           CIBC
155.02                           CIBC
   156                           CIBC          John J. Rao, Cathy T. Rao
   157                           CIBC          Nazarali Momin, Akbarali Momin, Noorbanu T. Valimohammed
   159                           CIBC          Robert M. Carter
159.01                           CIBC
159.02                           CIBC
159.03                           CIBC
   165                           CIBC          HBC LLC, William A. Dietch, Steven M. Sumberg
   166                           CIBC          Michael May, Rick Hill
   167                           CIBC          Lorraine Perry
   173                           CIBC          Mark Vakili, Mike Sharif and Albert Minoofar
   175                           CIBC          Isaac Gindi, Steven Botton
   178                           CIBC          Gary P. Krupnick
   181                           CIBC          Pincus Rand, Joseph Rubin
   182                           CIBC          Robert J. Ambrosi
   185                           CIBC          Alan Light, Barry Light
   186                           CIBC          Guy R. Woodbury, Lynn S. Woodbury
   189                           CIBC          Lorraine Perry
   191                           CIBC          Paul Warren, Collette Warren
   192                           CIBC          Philip Pilevsky
   193                           CIBC          Carl E. Chetty
193.01                           CIBC
193.02                           CIBC
   196                           CIBC          Kevin M. Bette
   199                           CIBC          Richard E. Schuster
   200                           CIBC          Robert J. Ambrosi
   203                           CIBC          Gary P. Krupnick
   204                           CIBC          Ze'ev Rav Noy, Varda Rav Noy
   207                           CIBC          Michael G. Tombari, Kenneth L. Hatfield
   208                           CIBC          Robert A. Wilson
   213                           CIBC          Robert V. Gassel, Thomas Ritter
   214                           CIBC          Michael S. Pearlstein, Norman Fleekop
   218                           CIBC          David Benowitz, Seth Price
   219                           CIBC          W. Richards Woodbury, O. Randall Woodbury, Herman L. Franks,
                                               Jr., Fred Fairclough, Jr.
   221                           CIBC          Bryan L. Becker, David R. Becker, John E. Day III
   222                           CIBC          Robert J. Ambrosi
   228                           CIBC          John P. Hooten
   229                           CIBC          Townsend W. Quinn
   230                           CIBC          Robert J. Ambrosi
   238                           CIBC          Adam Singer, Matthew Papunen, Matthew Wanderer
   240                           CIBC          Randall D. Keith, Patrick Manchi
   242                           CIBC          Founders Real Estate Investment Trust

<CAPTION>

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

                                                         Upfront
          Letter of    Upfront CapEx      Upfront        Envir.      Upfront TI/LC    Upfront RE     Upfront Ins.   Upfront Other
Loan #    Credit       Reserve            Eng. Reserve   Reserve     Reserve          Tax Reserve    Reserve        Reserve
------    ----------   ----------------   ------------   ---------   --------------   ------------   ------------   -------------
<S>       <C>          <C>                <C>            <C>         <C>              <C>            <C>            <C>
     4            No           8,759.75     650,000.00        0.00        23,359.33     855,944.91      27,562.50            0.00
     6            No          64,732.10      20,937.50        0.00             0.00     496,762.50     181,883.33    2,620,000.00
     8            No          54,490.67           0.00        0.00             0.00     142,000.00      94,628.50            0.00
    11            No          43,869.59           0.00        0.00             0.00     184,715.83      49,174.50            0.00
    12            No           5,941.67           0.00        0.00        22,281.38     331,814.02      18,621.25    2,320,655.00
 12.01
 12.02
 12.03
 12.04
 12.05
 12.06
 12.07
 12.08
    13            No       1,225,000.00      23,375.00        0.00             0.00     303,844.54      74,959.40              0.00
 13.01
 13.02
    14            No           1,745.58           0.00        0.00             0.00      71,425.67      55,686.92              0.00
    19            No               0.00           0.00        0.00             0.00     164,152.06     122,151.26              0.00
 19.01
 19.02
 19.03
 19.04
 19.05
 19.06
 19.07
 19.08
 19.09
    23            No               0.00           0.00        0.00             0.00           0.00           0.00              0.00
    25       300,000           1,933.67           0.00        0.00             0.00     179,314.58       5,575.00              0.00
    26            No           2,748.55           0.00   61,250.00         9,162.83      62,296.67      76,255.75              0.00
    27     2,000,000               0.00           0.00        0.00             0.00      94,916.00       5,381.00              0.00
    28            No               0.00           0.00        0.00       549,133.00           0.00           0.00              0.00
    29            No          31,752.26      60,300.00        0.00             0.00      62,473.94      19,108.75      3,200,000.00
    31     4,365,500               0.00           0.00        0.00             0.00           0.00           0.00              0.00
    32            No           2,046.80           0.00        0.00         5,000.00      92,711.12      41,154.75              0.00
    33            No           4,898.67     149,988.00        0.00             0.00     127,969.33      25,553.36        387,728.25
    34            No           1,372.01           0.00        0.00         3,305.83      72,982.12      39,979.00      2,060,000.00
    35            No               0.00           0.00        0.00             0.00     115,565.75      22,947.17              0.00
    36            No           1,978.33           0.00        0.00     1,600,000.00           0.00           0.00              0.00
    41            No             907.75           0.00        0.00     3,129,377.73      47,014.33       5,322.50      5,213,480.08
    43            No          25,416.66           0.00        0.00             0.00      68,605.00      23,497.50              0.00
    46            No               0.00           0.00   89,000.00       300,000.00     276,823.60       7,853.75      1,700,000.00
    48            No           4,533.33           0.00        0.00             0.00     183,126.33      12,131.00              0.00
    50            No           5,333.34      41,712.50        0.00             0.00      31,417.23      10,821.25              0.00
    53            No               0.00           0.00        0.00             0.00     119,220.00       9,801.75         33,750.00
    54            No           1,607.17           0.00        0.00        13,333.33     109,087.72      13,016.00              0.00
    55            No          52,250.00           0.00   17,500.00             0.00      64,015.58      10,107.25      2,447,750.00
    56            No               0.00           0.00        0.00             0.00      77,291.67      12,127.33              0.00
    57            No               0.00           0.00        0.00             0.00           0.00           0.00              0.00
    58            No               0.00           0.00        0.00         6,250.00      83,351.25      38,764.83      1,000,000.00
    65            No           1,029.16           0.00        0.00             0.00      36,562.23      31,358.25              0.00
    66            No             581.00      13,687.00        0.00             0.00     188,264.66      14,881.83         32,300.00
    69            No           2,330.15           0.00        0.00             0.00      68,905.52      33,513.33         55,000.00
    71            No               0.00           0.00        0.00             0.00      31,960.11       3,563.10              0.00
    73            No               0.00           0.00        0.00             0.00           0.00      35,000.00              0.00
    77            No           5,000.00      18,843.75        0.00             0.00     137,505.08      62,310.43      1,000,000.00
    78            No          10,000.00           0.00        0.00       240,000.00      52,759.44       4,947.97              0.00
    79            No               0.00           0.00        0.00             0.00           0.00           0.00              0.00
    80            No             541.31           0.00        0.00       100,000.00     158,621.59      24,240.50              0.00
    83            No             970.96           0.00        0.00       225,000.00     143,547.00      55,314.75        971,625.00
    84            No           1,589.92           0.00        0.00         1,000.00      29,784.78       6,113.33              0.00
    85            No           2,000.34           0.00        0.00             0.00           0.00           0.00              0.00
    87            No               0.00           0.00        0.00             0.00     163,233.47       7,952.00              0.00
    91            No             752.94           0.00        0.00         5,000.00      17,462.82       5,690.50              0.00
    92            No           5,667.67           0.00        0.00             0.00     145,014.50       5,685.02      1,500,000.00
    97            No             629.72      82,250.00        0.00         3,333.34      15,477.17      19,906.67              0.00
    98            No               0.00           0.00        0.00             0.00      71,451.09       5,049.75              0.00
   100            No               0.00           0.00        0.00             0.00           0.00           0.00              0.00
   102            No       1,040,850.00           0.00        0.00     1,302,716.00      28,583.33      21,580.75        100,000.00
   103            No           2,374.08           0.00        0.00         8,333.33      59,462.03      26,672.33              0.00
   104            No             930.87           0.00        0.00             0.00           0.00           0.00              0.00
   105            No          25,000.00           0.00        0.00       750,000.00      64,305.76      13,263.33         31,739.41
   106            No               0.00           0.00        0.00             0.00       6,941.86       6,916.33        400,000.00
   107            No             443.33           0.00        0.00         2,500.00      28,586.11       5,643.83              0.00
   108            No           2,266.67       9,012.50        0.00             0.00      57,773.02      25,223.33              0.00
   110            No             591.83           0.00        0.00             0.00      35,333.33       6,444.33      2,000,000.00
   112            No           1,921.50           0.00        0.00         3,333.33           0.00           0.00              0.00
   113            No           5,958.34     207,875.00        0.00             0.00      80,273.60      92,211.14              0.00
   115            No           1,000.00      79,475.00        0.00        84,603.31           0.00       6,189.50         86,367.00
   118            No           3,077.00           0.00        0.00       258,333.33      65,082.50      51,358.67        316,137.00
   121            No               0.00           0.00        0.00             0.00      70,264.75      12,316.50         30,000.00
   122            No             926.86           0.00        0.00         1,666.66      69,721.57      19,153.33      1,795,000.00
   127            No          12,622.00           0.00        0.00             0.00      24,098.12       9,734.50              0.00
   131            No             591.79           0.00        0.00         2,083.33     117,775.00      19,691.25              0.00
   132            No           4,081.01      13,937.50        0.00         4,222.83      39,507.26       6,157.00        300,000.00
   133            No           4,416.67           0.00        0.00             0.00      87,000.00      18,600.33        100,000.00
   134            No             533.08           0.00        0.00         1,500.00      27,326.85       5,245.49              0.00
   138            No           6,850.00           0.00   12,500.00             0.00      33,639.44      80,566.65              0.00
   139            No           2,500.00           0.00        0.00             0.00      11,883.95      20,078.34              0.00
   141       254,314             742.73           0.00        0.00         2,475.00      64,040.83       7,200.29              0.00
   142            No           1,160.00           0.00        0.00        67,500.00      18,102.75       4,882.00         60,000.00
   143            No               0.00           0.00        0.00             0.00           0.00           0.00              0.00
   147            No             791.34           0.00        0.00           989.17      17,438.46      18,053.75              0.00
   148            No               0.00           0.00        0.00             0.00           0.00           0.00              0.00
   150            No           1,182.67      32,113.00        0.00         6,618.86      34,839.53       9,702.75              0.00
   151            No           1,208.33           0.00   62,500.00             0.00      43,341.32       9,733.50              0.00
   152            No             258.00           0.00        0.00        20,000.00      20,843.04       8,562.06        344,413.67
   153            No             838.75           0.00  343,750.00       150,000.00      28,632.08       7,843.00              0.00
   155            No          29,929.04         800.00        0.00         4,099.00      20,264.08      38,237.50              0.00
155.01
155.02
   156            No             614.32           0.00        0.00     1,440,000.00      36,855.83       2,731.50        500,000.00
   157            No           5,804.22           0.00        0.00             0.00      32,737.75      22,600.64              0.00
   159            No             790.06           0.00        0.00       250,000.00      58,436.84       9,050.67              0.00
159.01
159.02
159.03
   165            No               0.00           0.00        0.00             0.00           0.00           0.00              0.00
   166            No             348.23           0.00        0.00         1,741.13      22,211.52       1,200.33              0.00
   167            No             711.75           0.00        0.00       592,804.00      81,742.50      40,113.00              0.00
   173            No               0.00           0.00   16,500.00             0.00       8,498.48      11,761.75              0.00
   175            No           1,140.00           0.00        0.00       402,137.50      10,054.56       5,625.00              0.00
   178            No             538.00           0.00        0.00         1,667.00           0.00           0.00              0.00
   181            No               0.00           0.00        0.00             0.00       4,360.00      21,318.50        410,000.00
   182            No               0.00           0.00        0.00             0.00           0.00           0.00              0.00
   185            No             369.59           0.00        0.00         1,666.67      17,091.67       3,252.50              0.00
   186            No               0.00           0.00        0.00             0.00           0.00           0.00              0.00
   189            No             525.00       5,125.00    2,250.00     1,000,000.00      35,000.00       1,703.00              0.00
   191            No             307.67           0.00        0.00        81,000.00      24,259.84       1,463.75         79,738.72
   192            No          11,293.56           0.00        0.00           628.12      21,567.92       2,331.75              0.00
   193            No             483.00           0.00        0.00         1,000.00      60,956.75       8,167.08         75,000.00
193.01
193.02
   196            No             614.50           0.00        0.00             0.00      61,273.28       4,521.50              0.00
   199            No               0.00           0.00        0.00             0.00      37,142.13      11,190.75              0.00
   200            No               0.00           0.00        0.00             0.00           0.00           0.00              0.00
   203            No             430.02           0.00        0.00         2,778.00           0.00           0.00              0.00
   204            No             809.03           0.00        0.00             0.00      11,457.12           0.00              0.00
   207            No           3,333.33     109,375.00        0.00             0.00      45,216.81      51,007.97              0.00
   208            No               0.00           0.00        0.00             0.00           0.00       3,397.75              0.00
   213            No             843.25     150,000.00        0.00         4,166.67      33,410.80      45,207.50              0.00
   214            No             532.83           0.00        0.00         2,083.33      31,794.08       1,398.33              0.00
   218            No           1,375.00           0.00        0.00             0.00       4,012.00       8,530.11              0.00
   219            No               0.00           0.00        0.00             0.00       9,853.38       7,044.92              0.00
   221            No          75,183.33      25,500.00        0.00             0.00      10,000.00       3,769.50              0.00
   222            No               0.00           0.00        0.00             0.00           0.00           0.00              0.00
   228            No             228.13           0.00        0.00         1,250.00      32,053.55       3,100.00        126,774.00
   229            No             645.75           0.00        0.00             0.00           0.00       3,215.33              0.00
   230            No               0.00           0.00        0.00             0.00           0.00           0.00              0.00
   238            No           1,000.00      48,625.00        0.00             0.00      18,427.29      21,698.57              0.00
   240            No          34,185.93       3,937.00        0.00           743.75       7,322.32       6,933.33              0.00
   242            No             169.58           0.00        0.00             0.00           0.00           0.00              0.00

<CAPTION>

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

                          Monthly   Monthly
         Monthly Capex    Envir.    TI/LC       Monthly RE    Monthly Ins.   Monthly
Loan #   Reserve          Reserve   Reserve     Tax Reserve   Reserve        Other Reserve   Grace Period   Lockbox In-place
------   -------------   --------   ---------   -----------   ------------   -------------   ------------   ----------------
<S>      <C>             <C>        <C>         <C>           <C>            <C>             <C>            <C>
     4         8759.76       0.00    23359.33     110432.08        9187.50            0.00              7   Yes
     6        64732.10       0.00        0.00      99352.50       18188.33            0.00              7   Yes
     8        54490.67       0.00        0.00      35500.00           0.00            0.00              7   No
    11        43869.59       0.00        0.00      36943.17           0.00            0.00              7   No
    12         5941.67       0.00    22281.38      40474.15       56207.08            0.00              7   Yes
 12.01                                                                                0.00              7
 12.02                                                                                0.00              7
 12.03                                                                                0.00              7
 12.04                                                                                0.00              7
 12.05                                                                                0.00              7
 12.06                                                                                0.00              7
 12.07                                                                                0.00              7
 12.08                                                                                0.00              7
    13            0.00       0.00        0.00      50640.76       24986.47            0.00              7   No
 13.01                                                                                0.00              7
 13.02                                                                                0.00              7
    14         1745.58       0.00        0.00      17856.42       11227.75            0.00              7   No
    19         2500.00       0.00        0.00      29098.65        9575.07            0.00              7   No
 19.01                                                                                0.00              7
 19.02                                                                                0.00              7
 19.03                                                                                0.00              7
 19.04                                                                                0.00              7
 19.05                                                                                0.00              7
 19.06                                                                                0.00              7
 19.07                                                                                0.00              7
 19.08                                                                                0.00              7
 19.09                                                                                0.00              7
    23            0.00       0.00        0.00          0.00           0.00            0.00              7   No
    25         1933.67       0.00        0.00      35862.92        1858.33            0.00              7   No
    26         2748.85       0.00     9162.83      31148.33       12020.41            0.00              7   No
    27        25509.00       0.00        0.00      23729.00        2690.50            0.00              7   No
    28            0.00       0.00        0.00          0.00           0.00            0.00              7   No
    29        31752.26       0.00        0.00      31236.97        6369.58            0.00              7   No
    31            0.00       0.00        0.00          0.00           0.00            0.00              7   No
    32         2046.80       0.00     5000.00      15451.85        3165.75            0.00              7   No
    33         4898.67       0.00        0.00      31992.33        8517.79            0.00              7   No
    34         1372.01       0.00     3305.83      19037.49        3331.58            0.00              7   No
    35            0.00       0.00        0.00      38521.92        1639.08            0.00              7   No
    36         1978.33       0.00        0.00          0.00           0.00            0.00              7   No
    41          907.75       0.00        0.00      11753.58        1774.17            0.00              7   No
    43        25416.66       0.00        0.00      17151.25        7832.50            0.00              7   No
    46         1878.00       0.00        0.00      26190.12        2617.92            0.00              7   No
    48         4533.33       0.00        0.00      45781.58        4043.67            0.00              7   No
    50         5333.34       0.00        0.00      10472.41        3607.08            0.00              7   No
    53            0.00       0.00        0.00      23844.00        3267.25            0.00              5   No
    54         1607.17       0.00    13333.33      27271.93        1084.67            0.00              7   No
    55            0.00       0.00        0.00       9145.08        3369.08            0.00              7   No
    56            0.00       0.00        0.00      11041.67        6063.67            0.00              5   No
    57            0.00       0.00        0.00          0.00           0.00            0.00              7   No
    58         1889.15       0.00     6250.00      27783.75        2768.92            0.00              5   No
    65         1029.16       0.00        0.00      12187.41        2850.75            0.00              7   No
    66          581.00       0.00        0.00      31377.44        3063.83            0.00              7   No
    69         2330.15       0.00        0.00      13781.10        8378.33            0.00              7   No
    71            0.00       0.00        0.00       6392.02        1031.55            0.00              7   No
    73            0.00       0.00        0.00          0.00           0.00            0.00              7   No
    77         5000.00       0.00        0.00      15278.34       11788.56            0.00              7   No
    78          367.50       0.00     2041.67       8793.24        1649.32            0.00              7   No
    79            0.00       0.00        0.00          0.00           0.00            0.00              7   No
    80          541.31       0.00        0.00      19827.70        8080.17            0.00              7   No
    83          970.96       0.00        0.00      23924.50       18438.25            0.00              7   No
    84         1589.92       0.00     1000.00       9928.26        3056.67            0.00              7   No
    85         2000.34       0.00        0.00          0.00           0.00            0.00              7   No
    87         1349.71       0.00     8998.00      17519.64        1988.00            0.00              7   No
    91          752.94       0.00     5000.00       5820.94        2845.25            0.00              7   No
    92         5667.67       0.00        0.00      24169.08        5685.02            0.00              7   No
    97          629.72       0.00     3333.34       7738.58        3391.33            0.00              7   No
    98         1217.00       0.00     6087.42      10207.30        1683.25            0.00              7   No
   100            0.00       0.00     5000.00          0.00           0.00            0.00              7   No
   102         3060.00       0.00    10198.00       5716.67        4410.25            0.00              7   No
   103         2374.08       0.00     8333.33      11892.41        1905.17            0.00              7   No
   104          930.87       0.00        0.00          0.00           0.00            0.00              7   No
   105         2463.33       0.00     6158.33      16076.44        2652.67            0.00              7   No
   106         1655.08       0.00     2500.00       3832.01        3263.83            0.00              7   No
   107          443.33       0.00     2500.00       7146.53        1770.16            0.00              7   No
   108         2266.67       0.00        0.00      14443.26        3603.33            0.00              7   No
   110          591.83       0.00        0.00       8833.33        1611.08            0.00              7   No
   112         1921.50       0.00     3333.33          0.00           0.00            0.00              7   No
   113         5958.34       0.00        0.00      16054.72       10583.04            0.00              7   No
   115         1000.00       0.00        0.00       7591.17        2063.17            0.00              7   No
   118         3077.00       0.00     8333.33      10847.08        3950.67            0.00              7   No
   121            0.00       0.00        0.00       6628.75         879.75            0.00              7   No
   122          926.66       0.00     1666.66       6665.26        2394.17            0.00              7   No
   127        12622.00       0.00        0.00       8032.71        3244.83            0.00              7   No
   131          591.79       0.00     2083.33      16825.00        1312.75            0.00              7   No
   132         4081.01       0.00     4222.83       7901.45        2052.33            0.00              7   No
   133         4416.67       0.00        0.00      14500.00        5566.67            0.00              7   No
   134          533.08       0.00     1500.00       3543.80         874.25            0.00              7   No
   138         6850.00       0.00        0.00      11213.15        6713.89            0.00              7   No
   139         2500.00       0.00        0.00      11883.95        5019.58            0.00              5   No
   141          742.73       0.00     2475.00      12808.17        1800.07            0.00              7   No
   142         1160.00       0.00     2500.00       6034.25        1627.33            0.00              7   No
   143            0.00       0.00        0.00          0.00           0.00            0.00              7   No
   147          791.34       0.00      989.17       5812.82        1641.25            0.00              7   No
   148            0.00       0.00        0.00          0.00           0.00            0.00              7   No
   150         1182.67       0.00      551.57       8709.88        3234.25            0.00              7   No
   151         1208.33       0.00        0.00       4334.13        1390.50            0.00              7   No
   152          258.00       0.00     1667.00       2977.58        1070.26            0.00              7   No
   153          838.75       0.00     5200.00       5726.42        3031.56            0.00              7   No
   155          929.04       0.00     4099.00       2894.87        3823.75            0.00              7   No
155.01                                                                                0.00              7
155.02                                                                                0.00              7
   156          307.16       0.00        0.00       7371.17         910.50            0.00              7   No
   157         5804.22       0.00        0.00       6547.55        2511.18            0.00              7   No
   159          790.06       0.00        0.00       9739.47        1131.33            0.00              7   No
159.01                                                                                0.00              7
159.02                                                                                0.00              7
159.03                                                                                0.00              7
   165          783.00       0.00     2175.00          0.00           0.00            0.00              7   No
   166          348.23       0.00     1741.13       7403.84         300.08            0.00              7   No
   167          711.75       0.00        0.00      16348.50        7467.83            0.00              7   Yes
   173          550.82       0.00     1833.34       4249.24         904.75            0.00              7   No
   175         1140.00       0.00     2137.50       3351.52        1875.00            0.00              7   No
   178          538.00       0.00     1667.00          0.00           0.00            0.00              7   No
   181          284.66       0.00     1897.75       1453.33        3045.50            0.00              7   No
   182            0.00       0.00        0.00          0.00           0.00            0.00              7   No
   185          369.59       0.00     1666.67       2441.67        1084.17            0.00              7   No
   186            0.00       0.00        0.00          0.00           0.00            0.00              7   No
   189          525.00       0.00        0.00       2916.67         567.67            0.00              7   No
   191          307.67       0.00        0.00       4043.31         487.92            0.00              7   No
   192          213.56       0.00      628.12       4313.58         671.75            0.00              7   No
   193          483.00       0.00     1000.00       4861.67         810.25            0.00              7   No
193.01                                                                                0.00              7
193.02                                                                                0.00              7
   196          614.50       0.00        0.00       8906.00         753.58            0.00              7   No
   199            0.00       0.00        0.00       7428.43        1243.42            0.00              7   No
   200            0.00       0.00        0.00          0.00           0.00            0.00              7   No
   203          430.02       0.00     2778.00          0.00           0.00            0.00              7   No
   204            0.00       0.00        0.00          0.00           0.00            0.00              7   No
   207         3333.33       0.00        0.00       9043.36        5861.42            0.00              7   No
   208          675.00       0.00        0.00          0.00        1132.58            0.00              7   No
   213          843.25       0.00     4166.67       6682.16        3477.50            0.00              7   No
   214          532.83       0.00     2083.33       3974.26         139.83            0.00              7   No
   218         1375.00       0.00        0.00       1003.00        2843.37            0.00              7   No
   219            0.00       0.00        0.00       3284.46        1006.42            0.00              7   No
   221          683.33       0.00        0.00        833.33         384.00            0.00              7   No
   222            0.00       0.00        0.00          0.00           0.00            0.00              7   No
   228          228.13       0.00     1250.00       4006.69         387.50            0.00              7   No
   229          645.75       0.00        0.00       4153.03         564.92            0.00              7   No
   230            0.00       0.00        0.00          0.00           0.00            0.00              7   No
   238            0.00       0.00        0.00       2632.47        1662.19            0.00              7   No
   240          185.93       0.00      743.75       1464.46         533.33            0.00              7   No
   242          169.58       0.00        0.00          0.00           0.00            0.00              7   No

<CAPTION>

                                                Interest                   Final      Remaining
                                 Defeasance     Accrual                    Maturity   Amortization Term
Loan #    Property Type          Permitted      Period       Loan Group    Date       for Balloon Loans
-------   --------------------   -----------   -----------   -----------   --------   -----------------
<S>       <C>                    <C>           <C>           <C>           <C>        <C>
     4           Office               Yes       Actual/360             1
     6            Hotel               Yes       Actual/360             1                            360
     8            Hotel               Yes       Actual/360             1                            360
    11            Hotel               Yes       Actual/360             1
    12           Office               Yes       Actual/360             1                            360
 12.01           Office                         Actual/360             1                            360
 12.02           Office                         Actual/360             1                            360
 12.03           Office                         Actual/360             1                            360
 12.04           Office                         Actual/360             1                            360
 12.05           Office                         Actual/360             1                            360
 12.06           Office                         Actual/360             1                            360
 12.07           Office                         Actual/360             1                            360
 12.08           Office                         Actual/360             1                            360
    13         Multifamily            Yes       Actual/360             2
 13.01         Multifamily                      Actual/360             2
 13.02         Multifamily                      Actual/360             2
    14           Retail               Yes       Actual/360             1
    19           Various              Yes       Actual/360             1                            360
 19.01           Retail                         Actual/360             1                            360
 19.02           Retail                         Actual/360             1                            360
 19.03           Retail                         Actual/360             1                            360
 19.04           Office                         Actual/360             1                            360
 19.05           Office                         Actual/360             1                            360
 19.06           Retail                         Actual/360             1                            360
 19.07           Retail                         Actual/360             1                            360
 19.08           Office                         Actual/360             1                            360
 19.09           Office                         Actual/360             1                            360
    23         Industrial             Yes       Actual/360             1                            360
    25           Retail               Yes       Actual/360             1
    26           Retail               Yes       Actual/360             1                            360
    27            Hotel               Yes       Actual/360             1                            300
    28         Industrial             Yes       Actual/360             1
    29            Hotel               Yes       Actual/360             1                            360
    31         Industrial             Yes       Actual/360             1                            240
    32           Retail               Yes       Actual/360             1                            360
    33         Multifamily            Yes       Actual/360             2                            360
    34           Retail               Yes       Actual/360             1                            360
    35           Office               Yes       Actual/360             1                            360
    36           Retail               Yes       Actual/360             1                            360
    41          Mixed Use             No        Actual/360             1                            360
    43            Hotel               Yes       Actual/360             1                            360
    46           Retail               Yes       Actual/360             1                            360
    48         Multifamily            Yes       Actual/360             2                            360
    50         Multifamily            No        Actual/360             2
    53           Retail               Yes       Actual/360             1                            360
    54           Office               Yes       Actual/360             1
    55         Multifamily            Yes       Actual/360             2
    56           Retail               Yes       Actual/360             1
    57         Industrial             Yes       Actual/360             1                            360
    58           Retail               Yes       Actual/360             1                            360
    65    Manufactured Housing        Yes       Actual/360             2
    66           Office               Yes       Actual/360             1                            360
    69           Retail               Yes       Actual/360             1                            360
    71          Mixed Use             Yes       Actual/360             1                            360
    73         Industrial             Yes       Actual/360             1
    77            Hotel               Yes       Actual/360             1
    78          Mixed Use             Yes       Actual/360             1                            360
    79           Retail               Yes       Actual/360             1                            360
    80          Mixed Use             Yes       Actual/360             1
    83           Retail               Yes       Actual/360             1                            360
    84          Mixed Use             Yes       Actual/360             1                            360
    85           Office               Yes       Actual/360             1                            360
    87           Office               Yes       Actual/360             1                            360
    91           Retail               No        Actual/360             1                            360
    92         Multifamily            No        Actual/360             2
    97          Mixed Use             No        Actual/360             1                            360
    98           Office               Yes       Actual/360             1                            360
   100         Industrial             Yes       Actual/360             1
   102           Retail               Yes       Actual/360             1                            360
   103           Office               Yes       Actual/360             1                            360
   104           Retail               Yes       Actual/360             1                            360
   105           Office               No        Actual/360             1                            360
   106          Mixed Use             Yes       Actual/360             1                            360
   107           Retail               Yes       Actual/360             1                            360
   108         Multifamily            Yes       Actual/360             2                            360
   110           Retail               Yes       Actual/360             1                            360
   112         Industrial             Yes       Actual/360             1                            360
   113         Multifamily            Yes       Actual/360             2                            360
   115           Office               Yes       Actual/360             1                            360
   118           Office               Yes       Actual/360             1                            360
   121           Retail               Yes       Actual/360             1                            360
   122           Retail               Yes       Actual/360             1                            360
   127            Hotel               No        Actual/360             1                            360
   131           Retail               No        Actual/360             1                            360
   132           Retail               Yes       Actual/360             1                            360
   133         Multifamily            No        Actual/360             2                            360
   134           Retail               Yes       Actual/360             1
   138         Multifamily            Yes       Actual/360             2                            360
   139         Multifamily            Yes       Actual/360             2                            360
   141           Retail               Yes       Actual/360             1                            360
   142           Retail               Yes       Actual/360             1                            360
   143           Retail               No        Actual/360             1                            360
   147         Industrial             Yes       Actual/360             1                            360
   148           Office               Yes       Actual/360             1                            360
   150           Retail               Yes       Actual/360             1                            360
   151         Multifamily            Yes       Actual/360             2
   152           Retail               Yes       Actual/360             1                            360
   153           Retail               Yes       Actual/360             1                            360
   155           Retail               Yes       Actual/360             1                            240
155.01           Retail                         Actual/360             1                            240
155.02           Retail                         Actual/360             1                            240
   156           Office               Yes       Actual/360             1                            360
   157            Hotel               No        Actual/360             1                            360
   159           Various              Yes       Actual/360             1                            360
159.01           Retail                         Actual/360             1                            360
159.02           Retail                         Actual/360             1                            360
159.03           Office                         Actual/360             1                            360
   165           Office               Yes       Actual/360             1                            360
   166           Office               Yes       Actual/360             1                            360
   167           Retail               Yes       Actual/360             1                            360
   173           Retail               Yes       Actual/360             1                            360
   175           Retail               Yes       Actual/360             1                            360
   178         Industrial             No        Actual/360             1                            360
   181          Mixed Use             Yes       Actual/360             1                            360
   182           Retail               Yes       Actual/360             1
   185           Retail               Yes       Actual/360             1                            360
   186           Office               Yes       Actual/360             1                            360
   189           Retail               Yes       Actual/360             1                            360
   191           Retail               Yes       Actual/360             1                            360
   192           Office               Yes       Actual/360             1                            360
   193           Various              Yes       Actual/360             1                            360
193.01           Retail                         Actual/360             1                            360
193.02           Office                         Actual/360             1                            360
   196           Office               Yes       Actual/360             1                            360
   199           Office               Yes       Actual/360             1                            360
   200           Retail               Yes       Actual/360             1
   203         Industrial             No        Actual/360             1                            360
   204         Industrial             No        Actual/360             1                            360
   207         Multifamily            Yes       Actual/360             2                            360
   208           Office               No        Actual/360             1                            300
   213           Retail               Yes       Actual/360             1                            360
   214           Office               No        Actual/360             1                            360
   218         Multifamily            No        Actual/360             2                            360
   219         Industrial             Yes       Actual/360             1                            300
   221       Parking Garage           Yes       Actual/360             1                            360
   222           Retail               Yes       Actual/360             1
   228           Retail               No        Actual/360             1                            360
   229         Multifamily            No        Actual/360             2                            360
   230           Retail               Yes       Actual/360             1
   238         Multifamily            Yes       Actual/360             2                            360
   240           Retail               Yes       Actual/360             1                            360
   242           Retail               Yes       Actual/360             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 in the related Mortgage Note) past
due.

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

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

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

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

               (6) Each Mortgage Loan is secured by the related Mortgage which
establishes and creates a valid and subsisting first priority lien on the
related Mortgaged Property, or leasehold interest therein, comprising real
estate, free and clear of any liens, claims, encumbrances, participation
interests, pledges, charges or security interests subject only to Permitted
Encumbrances. In the case of a Mortgaged Property operated as a hotel, to the
Seller's knowledge as of the origination date of the related Mortgage Loan, the
Mortgagor's personal property includes all personal property that a prudent
mortgage lender making a similar Mortgage Loan would deem reasonably necessary
to operate the related Mortgaged Property as it is currently being operated.
Such Mortgage, together with any separate security agreement, UCC Financing
Statement or similar agreement, if any, establishes and creates a first priority
security interest in favor of the Seller in all personal property owned by the
Mortgagor that is used in, and is reasonably necessary to, the operation of the
related Mortgaged Property and, to the extent a security interest may be created
therein and perfected by the filing of a UCC Financing Statement under the
Uniform Commercial Code as in effect in the relevant jurisdiction, the proceeds
arising from the Mortgaged Property and other collateral securing such Mortgage
Loan, subject only to Permitted Encumbrances. There exists with respect to such
Mortgaged Property an assignment of leases and rents provision, either as part
of the related Mortgage or as a separate document or instrument, which
establishes and creates a first priority security interest in and to leases and
rents arising in respect of the related Mortgaged Property, subject only to
Permitted Encumbrances. Except for the holder of the 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 no mechanics' or other similar
liens or claims which have been filed for work, labor or materials affecting the
related Mortgaged Property which are or may be prior or equal to the lien of the
Mortgage, except those that are bonded or escrowed for or which are insured
against pursuant to the applicable Title Insurance Policy (as defined below). As
of the Closing Date, to the Seller's knowledge, there are no mechanics' or other
similar liens or claims which have been filed for work, labor or materials
affecting the related Mortgaged Property which are or may be prior or equal to
the lien of the Mortgage, except those that are bonded or escrowed for or which
are insured against pursuant to the applicable Title Insurance Policy (as
defined below). No Mortgaged Property secures any mortgage loan not represented
on the Mortgage Loan Schedule; 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; no Mortgage Loan is secured by
property which secures another mortgage loan other than one or more Mortgage
Loans as shown on the Mortgage Loan Schedule. 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
clause (20) hereof, leasehold title to the related Mortgaged Property comprising
real estate subject to any Permitted Encumbrances.

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

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

               (10)   (a) The Mortgage Loan documents for each Mortgage Loan
provide that such Mortgage Loan is non-recourse to the related parties thereto
except that the related Mortgagor and at least one individual or entity shall be
fully liable for actual losses, liabilities, costs and damages arising from acts
generally including fraud or material misrepresentation by the related Mortgagor
and/or its principals. Additionally, the Mortgage Loan documents for each
Mortgage Loan provide that the related Mortgagor and at least one individual or
entity shall be liable to the Seller for any losses incurred by the Seller, its
successors and assigns, generally due to (i) the misapplication or
misappropriation of rents, insurance proceeds or condemnation awards, (ii) any
act of actual waste, and (iii) any breach of the environmental covenants
contained in the related Mortgage Loan documents.

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

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

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

                      (e) With respect to each Mortgage which is a deed of
                      trust, a trustee, duly qualified under applicable law to
                      serve as such, currently so serves and is named in the
                      deed of trust or has been 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 other than 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 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 by
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 shall not have been 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, giving
effect to any applicable notice and/or grace period, and, to the Seller's
knowledge, as of the Closing Date, there is no other material default under any
of the related Mortgage Loan documents, 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
specified therein (except for certain amounts that were fully disbursed by the
mortgagee, but 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 Loans, in
respect of such Mortgage Loan, 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, except for ARD Loans, negative amortization
                      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
                      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 clause (37) hereof,
as of the date of origination of the Mortgage Loan, based on inquiry customary
in the industry, and to the Seller's actual knowledge and subject to clause (37)
hereof, as of the Closing Date, the related Mortgaged Property is, in all
material respects, in compliance with, and is used and occupied in accordance
with, all restrictive covenants of record applicable to such Mortgaged Property
and applicable zoning laws and all inspections, licenses, permits and
certificates of occupancy required by law, ordinance or regulation to be made or
issued with regard to the Mortgaged Property have been obtained and are in full
force and effect, except to the extent (a) any material non-compliance with all
restrictive covenants of record applicable to such Mortgage 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 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, none of the 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 no
improvements on adjoining properties encroach upon such Mortgaged Property,
except in each case for (a) immaterial encroachments which do not materially
adversely affect the security intended to be provided by the related Mortgage or
the use, enjoyment, value or marketability of such Mortgaged Property or (b)
encroachments affirmatively covered by the related Title Insurance Policy. With
respect to each Mortgage Loan, the property legally described in the survey, if
any, obtained for the related Mortgaged Property for purposes of the origination
thereof is the same as the property legally described in the Mortgage.

(19) (a) Except with respect to repairs estimated to cost less than $5,000 in
the aggregate, as of the date of the applicable engineering report (which was
performed within 12 months prior to the Cut-off Date) related to the Mortgaged
Property and, to Seller's knowledge as of the Closing Date, the related
Mortgaged Property is either (i) in good repair, free and clear of any damage
that would materially adversely affect the value of such Mortgaged Property as
security for such Mortgage Loan or the use and operation of the Mortgaged
Property as it was being used or operated as of the origination date or (ii)
escrows in an amount consistent with the standard utilized by the Seller with
respect to similar loans it holds for its own account have been established,
which escrows will in all events be not less than 100% of the estimated cost of
the required repairs. Since the origination date, to the Seller's 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), which damage has not been fully repaired or
fully insured, or for which escrows in an amount consistent with the standard
utilized by the Seller with respect to loans it holds for its own account have
not been established.

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

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

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

                      (b) such Ground Lease 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 the 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 another 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 lessor
                      thereunder and, in the event that such mortgagee (or any
                      of its successors and assigns under the Mortgage) becomes
                      the owner of such interest, such interest is further
                      assignable by such mortgagee (or any of its successors and
                      assigns under the Mortgage) upon notice to such lessor,
                      but without a need to obtain the consent of such lessor;

                      (d) such Ground Lease is in full force and effect and no
                      default of tenant or ground lessor was in existence at
                      origination, or to the Seller's knowledge, is 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 20 years beyond the stated maturity
                      date of the related Mortgage Loan;

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

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

               (21) (a) An Environmental Site Assessment performed in connection
with the origination of the related Mortgage Loan was obtained and reviewed by
the Seller 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 5% 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 5%
                      of the outstanding principal balance of such Mortgage Loan
                      to achieve or maintain compliance in all material respects
                      with any Environmental Laws for which , 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 in connection
                      with the origination of the Mortgage Loan and for which
                      the related Mortgagor has covenanted to perform, or (iii)
                      as to which the related Mortgagor or one of its affiliates
                      is currently taking or required to take such actions
                      (which may include the implementation of an operations and
                      maintenance plan), if any, with respect to such conditions
                      or circumstances as have been recommended by the
                      Environmental Site Assessment or required by the
                      applicable governmental authority, or (iv) as to which
                      another responsible party not related to the Mortgagor
                      with assets reasonably estimated by the Seller at the time
                      of origination to be sufficient to effect all necessary or
                      required remediation identified in a notice or other
                      action from the applicable governmental authority is
                      currently taking or required to take such actions, if any,
                      with respect to such regulatory authority's order or
                      directive, or (v) as to which such conditions or
                      circumstances identified in the Environmental Site
                      Assessment were investigated further and based upon such
                      additional investigation, an environmental consultant
                      recommended no further investigation or remediation, or
                      (vi) as to which a party with financial resources
                      reasonably estimated to be adequate to cure the condition
                      or circumstance provided a guaranty or indemnity to the
                      related Mortgagor or to the mortgagee to cover the costs
                      of any required investigation, testing, monitoring or
                      remediation, or (vii) as to which the related Mortgagor or
                      other responsible party obtained a "No Further Action"
                      letter or other evidence reasonably acceptable to a
                      prudent commercial mortgage lender that applicable
                      federal, state, or local governmental authorities had no
                      current intention of taking any action, and are not
                      requiring any action, in respect of such condition or
                      circumstance, or (viii) which would not require
                      substantial cleanup, remedial action or other
                      extraordinary response under any Environmental Laws
                      reasonably estimated to cost in excess of 5% of the
                      outstanding principal balance of such Mortgage Loan;

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

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

                      (e) Each of the Mortgage Loans which is covered by an
                      environmental insurance policy obtained in lieu of an
                      Environmental Site Assessment ("In Lieu of Policy") is
                      identified on Schedule I and has an outstanding principal
                      balance not greater than $3,000,000, 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 (a) coverage in the amount
of the lesser of full replacement cost of such Mortgaged Property and the
outstanding principal balance of the related Mortgage Loan (subject to customary
deductibles) for fire and extended perils included within the classification
"All Risk of Physical Loss" in an amount sufficient to prevent the Mortgagor
from being deemed a co-insurer and to provide coverage on a full replacement
cost basis of such Mortgaged Property (in some cases exclusive of foundations
and footings) with an agreed amount endorsement to avoid application of any
coinsurance provision; such policies contain a standard mortgage clause naming
mortgagee and its successor in interest as additional insureds or loss payee, as
applicable; (b) business interruption or rental loss insurance in an amount at
least equal to (i) 12 months of operations or (ii) in some cases all rents and
other amounts customarily insured under this type of insurance of the Mortgaged
Property; (c) flood insurance (if any portion of the improvements on the
Mortgaged Property is located in an area identified by the Federal Emergency
Management Agency ("FEMA"), with respect to certain Mortgage Loans and the
Secretary of Housing and Urban Development with respect to other Mortgage Loans,
as having special flood hazards) in an amount not 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; and (f) windstorm coverage in the amount of the lesser of full
replacement cost of such Mortgaged Property and the outstanding principal
balance of the related Mortgage Loan (subject to a deductible equal to 5% or
less of the insurable value of the Mortgaged Property); all such Insurance
Policies contain clauses providing they are not terminable and may not be
terminated without thirty (30) days prior written notice to the mortgagee
(except where applicable law requires a shorter period or except for nonpayment
of premiums, in which case not less than ten (10) days prior written notice to
the mortgagee is required). In addition, each Mortgage permits the related
mortgagee to make premium payments to prevent the cancellation thereof and shall
entitle such mortgagee to reimbursement therefor. Any insurance proceeds in
respect of a casualty loss or taking will be applied either to the repair or
restoration of all or part of the related Mortgaged Property or the payment of
the outstanding principal balance of the related Mortgage Loan together with any
accrued interest thereon. The related Mortgaged Property is insured by an
Insurance Policy, issued by an insurer meeting the requirements of such Mortgage
Loan and having a claims-paying or financial strength rating of at least A-:VIII
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 Investor Services, Inc. An architectural or engineering consultant has
performed an analysis of each of the Mortgaged Properties located in seismic
zones 3 or 4 in connection with the origination of the related Mortgage Loan in
order to evaluate the structural and seismic condition of such property, for the
sole purpose of assessing the probable maximum loss ("PML") for the Mortgaged
Property in the event of an earthquake. In such instance, the PML was based on a
return period of not less than 100 years, an exposure period of 50 years and a
10% probability of exceedence. If the resulting report concluded that the PML
would exceed 20% of the amount of the replacement costs of the improvements,
earthquake insurance on such Mortgaged Property was obtained by an insurer rated
at least A-:VIII 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 Investor Services, Inc. To the Seller's actual knowledge, the
insurer issuing each of the foregoing insurance policies is qualified to write
insurance in the jurisdiction where the related Mortgaged Property is located.

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

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

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

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

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

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

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

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

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

               (32) Each of the Mortgage Loans 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 assignments 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
Mortgagors or transfers of passive interests so long as the key principals or
general partner retains control). The Mortgage Loan documents contain a "due on
encumbrance" clause, which provides for the acceleration of the payment of the
unpaid principal balance of the Mortgage Loan if the property subject to the
Mortgage or any controlling interest in the Mortgagor is further pledged or
encumbered, unless the prior written consent of the holder of the Mortgage Loan
is obtained (except that it may provide for assignments subject to the Mortgage
Loan holder's approval of transferee, transfers to affiliates or transfers of
passive interests so long as the key principals or general partner retains
control). 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) 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 either (a) the prior written consent
of, and compliance with the conditions set by, the holder of the Mortgage Loan
to any defeasance, or (b)(i) the replacement collateral consist of U.S.
"government securities," within the meaning of Treasury Regulations Section
1.860 G-2(a)(8)(i), in an amount sufficient to make all scheduled payments under
the Mortgage Note when due (up to the maturity date for the related Mortgage
Loan, the Anticipated Repayment Date for ARD Loans or the date on which the
Mortgagor may prepay the related Mortgage Loan without payment of any prepayment
penalty); (ii) the loan may be assumed by a Single Purpose Entity approved by
the holder of the Mortgage Loan; (iii) counsel provide an opinion that the
trustee has a perfected security interest in such collateral prior to any other
claim or interest; and (iv) such other documents and certifications as the
mortgagee may reasonably require which may include, without limitation, (A) a
certification that the purpose of the defeasance is to facilitate the
disposition of the mortgaged real property or any other customary commercial
transaction and not to be part of an arrangement to collateralize a REMIC
offering with obligations that are not real estate mortgages and (B) a
certification from an independent certified public accountant that the
collateral is sufficient to make all scheduled payments under the Mortgage Note
when due. Each Mortgage Loan containing provisions for defeasance provides that,
in addition to any cost associated with defeasance, the related Mortgagor shall
pay, as of the date the mortgage collateral is defeased, all scheduled and
accrued interest and principal due as well as an amount sufficient to defease in
full the Mortgage Loan (except as contemplated in 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 loans
with an outstanding principal balance as of the Cut-off Date of $40,000,000 or
greater, (i) a REMIC opinion and (ii) 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 125% of the Allocated Loan Amount is defeased through the deposit of
replacement collateral (as contemplated in clause (34) hereof) sufficient to
make all scheduled payments with respect to such defeased amount, or such
release is otherwise in accordance with the terms of the Mortgage Loan
documents.

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

               (37) Any material non-conformity with zoning laws constitutes a
legal non-conforming use or structure which, in the event of casualty or
destruction, may be restored or repaired to the full extent of the use or
structure at the time of such casualty, or for which law and ordinance insurance
coverage has been obtained in amounts consistent with the standards utilized by
the Seller.

               (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.

               (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 (provided that such insurance coverage
is generally available at commercially reasonable rates and, in circumstances
where such insurance is not expressly required, that any request on the part of
the mortgagee that the related borrower maintain such insurance is reasonable).
Each Mortgaged Property is insured by an "all-risk" casualty insurance policy
that does not contain an express exclusion for (or, alternatively, is covered by
a separate policy that insures against property damage resulting from ) acts of
terrorism.

               (43) An appraisal of the related Mortgaged Property was conducted
in connection with the origination of such Mortgage Loan, and such appraisal
satisfied the guidelines in Title XI of the Financial Institutions Reform,
Recovery and Enforcement Act of 1989, in either case 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 a Phase I
environmental report meeting the requirements of the American Society for
Testing and Materials, and, if in accordance with customary industry standards a
reasonable lender would require it, a Phase II environmental report, each
prepared by a licensed third party professional experienced in environmental
matters.

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

               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 any servicer that has serviced the Mortgage Loan on behalf of
the Seller, believes that a given representation or warranty is not true or
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 a director, officer, employee or agent of the Seller
responsible for the underwriting, origination and sale of the Mortgage Loans
does not actually know of any facts or circumstances that would cause such
person to believe that such representation or warranty was inaccurate.

<PAGE>

                                   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 C

                                   EXCEPTIONS

   CIBC Inc. Exceptions to Representations and Warranties - JPMCC 2007-CIBC19
   --------------------------------------------------------------------------

Rep. #
------

4.      Loan Nos. 4, 87 and 23 (Green Hills Corporate Center, Cumberland Tech
        and ABB Automation, Inc.) - Seller's title to the Mortgage Loan is
        subject to certain rights of the holder of the related CBA-MezzCap B
        Note (as defined in Representation #6 below).

5.      Loan No. 71 (535 Broadway) - The related Mortgagor is comprised of three
        individual persons, jointly and severally, as tenants in common, and is
        not an entity organized under the laws of the United States of America.

6.      The following applies to each of the Mortgage Loans listed below: The
        related Mortgaged Property also secures indebtedness in the amount noted
        below (the "CBA-MezzCap B Note"), each of which CBA-MezzCap B Notes were
        sold as of the closing date of the related Mortgage Loan to
        CBA-Mezzanine Capital, LLC or an affiliate thereof. Each such
        CBA-MezzCap B Note is secured by the Mortgage, and is subordinate to the
        Mortgage Loan being sold hereby pursuant to an Intercreditor Agreement,
        a copy of which is included in the Mortgage File. A failure to make a
        payment due under a CBA-MezzCap B Note constitutes a default under the
        related Mortgage Loan.

               Loan No. 4 (Green Hills Corporate Center) -$4,000,000 B Note

               Loan No. 87 (Cumberland Tech Center) - $730,000.00 B Note

               Loan No. 23  (ABB  Automation, Inc.) - $1,862,500.00 B Note

        Loan No. 84 (The Fremont Building) - The related Mortgaged Property also
        secures 2 promissory notes in the original aggregate principal amounts
        of $1,240,000 (the "Fremont Subordinate Notes") in favor of The
        Redevelopment Agency of the City of Sacramento and the Sacramento
        Housing and Redevelopment Agency (collectively, the "Agency"), each of
        which notes is secured by a deed of trust encumbering the Mortgaged
        Property (collectively, the "Fremont Subordinate Mortgages"). The
        Fremont Subordinate Notes and Fremont Subordinate Mortgages were entered
        into in connection with financing obtained by the Mortgagor's
        predecessor in interest from the Agency in connection with its
        development of the Mortgaged Property. In connection with such
        financing, Mortgagor's predecessor in interest also entered into 2
        regulatory agreements with the Agency which provide for affordable
        housing requirements which currently apply to the Mortgaged Property.
        The Fremont Subordinate Mortgages are subordinate to the Mortgage
        pursuant to a Consent and Subordination Agreement executed by the
        Agency.

        Loan No. 41 (9400 Shea Boulevard) - Before the current improvements were
        constructed, the sole use of the Mortgaged Property was parking, and an
        easement agreement (the "Easement") was executed for the benefit of a
        neighboring parcel that granted users of that parcel the exclusive right
        to park on a portion of the Mortgaged Property. As a result of the
        construction of the improvements, the parking area was relocated to
        another portion of the Mortgaged Property (referred to as "Phase II" of
        the Mortgaged Property); Phase II remains undeveloped at this time, but
        is also burdened by the Easement. Affiliates of the Mortgagor intend to
        develop Phase II and, in connection with that development, entered into
        negotiations with the owner of the property benefited by the Easement in
        order to agree on terms for an eventual termination of the Easement.
        Pursuant to those negotiations, the Easement holder agreed (subject to
        receipt of approval from the holder of the mortgage on the Easement
        holder's property) to release the entire Mortgaged Property from the
        Easement upon satisfaction of the following: (i) Mortgagor pays the
        Easement holder $1,000,000 (the "Payment"), and (ii) Mortgagor
        constructs replacement parking on the Easement holder's property. The
        related Mortgage encumbers both the developed portion of the Mortgaged
        Property and Phase II (which is developed only with the parking area) as
        security for this Mortgage Loan; the Mortgage obligates the holder of
        the Mortgage to release Phase II from the lien of the Loan Documents
        only upon the completion of Mortgagor's obligations under the Easement
        (or, if the termination agreement is approved, upon completion of the
        replacement parking on the Easement holder's property). $200,000 on
        account of the Payment was reserved under the related Mortgage at the
        closing of the Mortgage Loan, to be released when the termination
        agreement is executed and delivered by the Easement holder and its
        mortgagee; when all other conditions precedent to the release of the
        "Stabilization Reserve" (as defined in the Mortgage) are satisfied,
        funds that would otherwise have been disbursed to the Mortgagor will
        instead be applied first to pay the remaining portion of the Payment,
        and thereafter, for the costs of construction of the replacement parking
        on the Easement holder's property. Also, the principals of the Mortgagor
        are personally liable for the Payment and for the construction
        obligations referenced above.

        Loan No. 57 (Value City) - Pursuant to the lease (the "Primary Lease")
        between the Mortgagor and of the sole tenant at the Mortgaged Property
        (the "Primary Tenant"), upon the occurrence of certain reductions in the
        financial condition of the Primary Tenant and either receipt of written
        notice by the holder of the Mortgage Loan or the Mortgagor from the
        Primary Tenant of the same or delivery of written notice by the holder
        of the Mortgage Loan or the Mortgagor to the Primary Tenant, the Primary
        Tenant shall be deemed to have made an irrevocable offer to purchase the
        Mortgaged Property. Such a purchase offer, if rejected, is deemed remade
        each quarter until the Primary Tenant's financial condition meets
        certain tests. Pursuant to the Primary Lease, such purchase offer or
        remade purchase offer is deemed accepted unless rejected in writing by
        both the Mortgagor and the holder of the Mortgage Loan jointly within
        thirty (30) days after the event purchase offer date. Upon the
        occurrence of an event of default under the Primary Lease, an
        irrevocable purchase option offer is deemed made by the Primary Tenant.
        Pursuant to the Primary Lease, any such offer is deemed accepted unless
        rejected in writing by both the Mortgagor and the holder of the Mortgage
        Loan jointly within sixty (60) days after the event of default. The
        purchase price pursuant to any of the foregoing purchase options shall
        not be less than the outstanding principal balance of the Mortgage Loan
        plus any prepayment fees or defeasance costs payable under the Mortgage
        Loan documents. Furthermore, upon the occurrence of a condemnation that
        would allow the Primary Tenant to terminate the Primary Lease, the
        Primary Tenant has the right to purchase the Mortgaged Property. The
        purchase price in connection with such a condemnation shall be not less
        than the outstanding principal balance of the Mortgage Loan.

                      In addition, pursuant to the Primary Lease, if the Primary
        Tenant decides that the Mortgaged Property is economically obsolete, the
        Primary Tenant may substitute the Mortgaged Property for another
        property owned by the Primary Tenant, subject to the consent of the
        holder of the Mortgage Loan, which consent shall not be unreasonably
        withheld. The Mortgage Loan documents contain provisions permitting
        substitution of the Mortgaged Property, subject to satisfaction of
        certain requirements set forth therein (including, without limitation,
        receiving rating agency confirmation that the substitution would not
        cause a downgrade, withdrawal or qualification of the ratings of the
        Certificates). The Primary Lease provides that the holder of the
        Mortgage Loan may withhold its consent if it does not receive rating
        agency confirmation that the substitution would not cause a downgrade,
        withdrawal, or qualification of the Certificates.

        Loan No. 148 (20 Research Place) - The related Mortgagor is the landlord
        under a lease that grants the sole tenant at the related Mortgaged
        Property (i) an option to purchase the related Mortgaged Property
        commencing on March 1, 2017 (i.e., the 11th year of the lease term) upon
        180 days prior notice to the related Mortgagor and payment of a purchase
        price equal to the fair market value of the related Mortgaged Property
        (as determined pursuant to a formula in the lease) together with any
        prepayment penalties then due to the related Mortgagor's first
        mortgagee, not to exceed the lesser of 3% of the related Mortgaged Loan
        and $300,000.00 and (ii) during or prior to the 11th year of the lease
        term (on or before March 1, 2017) a right of first offer to purchase the
        related Mortgaged Property in the event the related Mortgagor elects to
        sell the related Mortgaged Property. March 1, 2017 is the maturity date
        of this Mortgage Loan. The related Mortgagor shall deliver a notice to
        the tenant of its intent to sell, and tenant shall have 14 days to
        notify the related Mortgagor of its decision to purchase the related
        Mortgaged Property for a purchase price equal to the fair market value
        (as determined pursuant to a formula in the lease) together with any
        prepayment penalties then due to the related Mortgagor's first
        mortgagee, not to exceed the lesser of 3% of the related Mortgaged Loan
        and $300,000.00. The sole tenant is a permitted transferee under the
        related Mortgage Loan documents.

        Loan No 27 (Hotel Indigo) - Intercontinental Hotels Group Resources,
        Inc. ("IHG"), the franchisor and manager of the related Mortgaged
        Property, has (i) an option to purchase the related Mortgage Property if
        the related Mortgagor elects to sell the related Mortgaged Property and
        (ii) a right of first refusal in the event the related Mortgagor
        receives an offer to purchase the related Mortgaged Property. At
        closing, the Seller, the related Mortgagor and IHG entered into a
        tri-party agreement wherein IHG agreed that the right of first refusal
        will not apply to a foreclosure action or deed-in-lieu of foreclosure (a
        "Foreclosure Transfer") or the first conveyance of title to the related
        Mortgaged Property following a Foreclosure Transfer.

        Loan No. 242 (Rite Aid - Shreveport, LA) - The related Mortgagor is the
        landlord under a lease that grants the tenant a right of first refusal
        to purchase the related Mortgaged Property if the related Mortgagor
        receives a bona fide offer to purchase the related Mortgaged Property.

        Loan No. 6 (Crowne Plaza Metro Chicago) - The related Mortgage Loan is
        secured by a fee and leasehold mortgage encumbering the related
        Mortgagor's fee estate in the related Mortgaged Property and the related
        Mortgagor's subleasehold estate in the related Mortgaged Property. The
        related Mortgagor's subleasehold estate is created pursuant to a
        long-term sublease (the "Sublease") between an Illinois Land Trust (the
        "Sublessor"), as the sublessor and ground tenant under a long term
        ground lease (of which the related Mortgagor is the fee owner/ground
        lessor) and the related Mortgagor, as the sublessee under the long-term
        sublease. The Sublessor's leasehold estate in the related Mortgaged
        Property is subject to a $2,000,000.00 leasehold mortgage (the
        "Leasehold Mortgage") held by Nationwide Life Insurance Company (the
        "Leasehold Mortgagee"). At the closing of the Mortgage Loan, the
        Leasehold Mortgagee executed and delivered an agreement (the
        "Subordination Agreement") subordinating the Leasehold Mortgage and
        rights under the loan documents related to the Leasehold Mortgage to (i)
        the rights of the related Mortgagor as sublessee under the Sublease and
        (ii) the related Mortgage and the rights of the holder of the related
        Mortgage. The Subordination Agreement was recorded against the related
        Mortgaged Property at closing.

        Loan No. 6 (Crowne Plaza Metro Chicago) - The Franchisor of the related
        Mortgaged Property has a right of first offer in respect of the purchase
        of the related Mortgaged Property if the related Mortgagor elects to
        sell the related Mortgaged Property.

        Loan No. 97 (Liberty Tree Building) - Charles E. Smith Residential
        Realty, L.P., a Delaware limited partnership ("Smith"), the owner of the
        parcel adjacent to the related Mortgaged Property, has a right of first
        refusal in the event the related Mortgaged Property is sold. In the
        event the related Mortgagor elects to sell the related Mortgaged
        Property, the related Mortgagor shall give Smith notice stating the
        purchase price and the other terms and conditions upon which the related
        Mortgagor intends to sell the related Mortgaged Property. Smith has ten
        (10) business days after receipt of the notice to accept the offer of
        sale. If Smith does not accept the offer, the related Mortgaged Property
        may be sold by related Mortgagor.

7.      Loan Nos. 4, 87, 23, 84, 41, 57, 148, 27, 242, 6 and 97 (Green Hills
        Corporate Center, Cumberland Tech, ABB Automation, Inc., The Fremont
        Building, 9400 Shea Boulevard, Value City, 20 Research Place, Hotel
        Indigo, Rite Aid - Shreveport, LA, Crowne Plaza Metro Chicago, Liberty
        Tree Building) - See exceptions to Representation #6 above.

        The following applies to each of these Mortgage Loans: 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:

                      Loan No. 165 (Kaplan Higher Education Building)

                      Loan No. 151 (Cathedral Court Apartments)

                      Loan No. 221 (Belvedere Parking Garage)

                      Loan No. 189 (Regency Furniture)

8.      Loan Nos. 4, 87, 23, 84, 41, 57, 148, 27, 242, 6 and 97 (Green Hills
        Corporate Center, Cumberland Tech, ABB Automation, Inc., The Fremont
        Building, 9400 Shea Boulevard, Value City, 20 Research Place, Hotel
        Indigo, Rite Aid - Shreveport, LA, Crowne Plaza Metro Chicago, Liberty
        Tree Building) - See exceptions to Representation #6 above.

10(a).  Loan No. 48 (Bluff at Vista Ridge) - "Waste" has been deleted from the
        Mortgage Loan documents for the related Mortgage Loan as a non-recourse
        carve-out.

        Loan No. 138 (Mesa Verde Apartments) - Only Borrower subject to full
        recourse carve outs.

        Loan No. 46 (Summit Square Center) - Liability for waste is limited to
        that resulting from intentional misconduct or gross negligence.

12.     Loan No. 57 (Value City) - see exception to Representation #6 above
        regarding substitution of property.

        Loan No. 141 (The Village Walk) - Borrower is permitted to release a
        portion of the Mortgaged Property (which must be unimproved and
        non-income producing as of the closing date and as of the release date),
        provided that such release will not have an adverse effect on the use or
        operation of the remaining property or improvements (including the use
        of the property by any tenant) and that the remaining property will have
        a loan to value ratio of no more than 80% and a Debt Service Coverage
        Ratio (as defined in the Mortgage Loan documents) of at least 1.20x.

        Loan No. 35 (Kierland Corporate Center Phase I) - Provided no Event of
        Default is in continuance, the related Mortgagor is permitted to obtain
        the release of a portion of the Property (described in the related
        Mortgage and hereinafter referred to as the "Release Parcel") that is
        currently improved with a parking lot. No payment of principal is
        required in connection with the release of the Release Parcel, and the
        Mortgagor is not required to comply with any financial tests, but the
        remaining property must meet zoning code requirements and a restrictive
        covenant must be recorded against the Release Parcel stating that any
        future use of the Release Parcel will not be in violation of any
        provision with respect to parking, access rights, visibility, restricted
        uses, site improvements, signage or naming rights contained in any
        then-existing lease of the remaining Mortgaged Property. As of the
        closing date of the Mortgage Loan, the release of the Release Parcel
        would violate parking ratios contained in two of the leases demising
        premises on the Property if those two leases were still in effect at the
        time of the release of the Release Parcel and if no additional parking
        were obtained or created for the Mortgaged Property. In the event that
        the Release Parcel is released and either such tenant terminates its
        lease as a result, the related Mortgagor (as lessor) and the indemnitors
        with respect to this Mortgage Loan (as lessees) are required to enter
        into a master lease with respect to the terminated space(s), for rents
        equal to that payable under the terminated lease(s) and for a term
        ending on the earlier to occur of 5 years after commencement and the
        commencement of rent under a lease to a tenant in occupancy of the
        related space.

        Loan No. 6 (Crowne Plaza Metro Chicago) - There is currently located on
        the related Mortgaged Property a parking lot containing 106 parking
        spaces (the "Parking Lot Parcel"). The income generated from the Parking
        Lot Parcel has been included in Seller's underwriting of the related
        Mortgage Loan. The related Mortgage Loan Documents permit the related
        Mortgagor to release the Parking Lot Parcel from the lien of the related
        Mortgage Loan documents upon satisfaction of Seller's standard
        conditions precedent to the release of a portion of the Mortgaged
        Property (including, without limitation, the delivery of a REMIC opinion
        and "no-downgrade letter") plus the following additional conditions
        precedent:

               (i) the Debt Service Coverage Ratio (as defined in the related
        Mortgage Loan documents) is at least 1.30:1.0 for the related Mortgage
        Loan, except that for purposes of calculating Operating Income (as
        defined in the related Mortgage Loan Documents) Lender shall include
        only 50% of the trailing twelve month income from parking;

               (ii) the related Mortgagor shall have provided the holder of the
        Mortgage Loan with evidence reasonably acceptable to a prudent lender
        that the related Mortgagor has replaced the parking spaces currently
        located on the Parking Lot Parcel with at least eighty-five (85) parking
        spaces (the "Replacement Parking"), which Replacement Parking shall be
        (1) either (i) owned by the related Mortgagor, (ii) owned by an
        affiliate of the related Mortgagor with a perpetual easement and right
        of use in favor of the related Mortgagor and the related Mortgaged
        Property (after giving effect to the release of the Parking Lot Parcel),
        or (iii) controlled by the related Mortgagor through a perpetual
        easement, (2) for the exclusive use of the related Mortgagor, the
        related Mortgaged Property and all guests and invitees of the hotel
        operated at the related Mortgaged Property and (3) located in a single
        location and within a three (3) block radius of the Mortgaged Property
        (the foregoing including conditions (1), (2) and (3) are collectively,
        the "Permanent Replacement Parking Conditions"); provided, however, that
        related Mortgagor may elect to lease temporary Replacement Parking until
        such time as the Replacement Parking becomes available on a permanent
        basis on the related Mortgaged Property, so long as (1) any such lease
        of parking shall be upon terms and conditions acceptable to a prudent
        lender, (2) the location of the temporary parking shall be located in a
        single location and within a three (3) block radius of the related
        Mortgaged Property and (3) the related Mortgagor shall have provided the
        holder of the Mortgage Loan with evidence, which would be acceptable to
        a prudent lender, that from and after the completion of the
        re-development of the released Parking Lot Parcel all Permanent
        Replacement Parking Conditions will be satisfied and in no event will
        the lease for such temporary parking spaces expire prior to the date
        that all such Permanent Replacement Parking Conditions are satisfied;
        and

               (iii) the related Mortgagor shall provide the holder of the
        related Mortgage Loan with evidence acceptable to a prudent lender that
        the annual expense of maintaining and operating the Replacement Parking
        shall not exceed the lesser of (y) $290,000.00 or (z) the actual cost
        incurred by the related Mortgagor in occupying, maintaining and
        operating the Parking Lot Parcel for the calendar year immediately
        preceding the date of the Release.

        Loan No. 19 (LG Portfolio) - A release of the individual properties is
        permitted subject to 115% defeasance of the allocated loan amount for
        that property(s) and the loan is subject to a minimum DSCR of 1.25x on
        the remaining collateral.

        Loan No. 204 (Stock Building Supply) - This loan is secured by a
        property that is leased to a single tenant. The lease to that tenant
        gives the tenant the right to substitute a replacement property, as more
        fully set forth in Paragraph 32 of such lease. One of the conditions to
        the substitution right under the related lease is that the landlord's
        mortgagee (i.e, the holder of this Mortgage Loan) permit such
        substitution. In furtherance of this, the related Mortgage Loan
        documents provide, in Section 1.32 of the related Mortgage, for a right
        to substitute a replacement property on the conditions more fully set
        forth in such Mortgage. There is a subordination agreement between the
        Mortgage Loan Seller and the tenant that expressly acknowledges that the
        tenant has no rights to offset rents or terminate the lease if the
        substitution is not approved by the holder of this Mortgage Loan.

        Loan No. 33 (Campus Hill Apartments Portfolio) - The related Mortgage
        Loan documents permit the release of individual properties pursuant to
        partial defeasance. Such partial defeasance shall be subject to, among
        other requirements, (i) the Debt Service Coverage Ratio (as defined in
        the Mortgage Loan documents) for the Mortgage Loan based on the
        remaining properties after giving effect to such partial defeasance
        shall be at least 1.20:1.00, (ii) Mortgagor shall partially defease the
        Mortgage Loan in an amount equal to the Release Amount (as defined
        below), (iii) receipt by the holder of the Mortgage Loan of confirmation
        in writing from the Rating Agencies to the effect that such partial
        defeasance will not result in a withdrawal, qualification or downgrade
        of the respective ratings of the Certificates in effect immediately
        prior to such partial defeasance and (iv) the delivery of a opinion that
        the defeasance will not cause the Trust to fail to qualify as a REMIC.
        The "Release Amount" shall mean the dollar amount of the portion of the
        Mortgage Loan being defeased in connection with the partial defeasance,
        as designated by Mortgagor, but subject to the following restrictions:
        the Release Amounts of the individual properties being released as part
        of such partial defeasance, together with the Release Amounts of all
        individual properties previously released as part of any previous
        partial defeasance, shall not exceed (i) twenty-five percent (25%) of
        the original principal amount of the Mortgage Loan if the Debt Service
        Coverage Ratio for the Mortgage Loan based on the remaining properties
        after giving effect to such partial defeasance is at least 1.20:1.00,
        but less than 1.25:1.00, (ii) fifty percent (50%) of the original
        principal amount of the Mortgage Loan if such Debt Service Coverage
        Ratio for the Mortgage Loan based on the remaining properties after
        giving effect to such partial defeasance is at least 1.25:1.00, but less
        than 1.30:1.00, or (iii) seventy-five percent (75%) of the original
        principal amount of the Mortgage Loan if such Debt Service Coverage
        Ratio for the Mortgage Loan based on the remaining properties after
        giving effect to such partial defeasance is at equal to or greater than
        1.30:1.00.

16.     Loan No. 230 (Pathmark Supermarket) - The zoning classification of the
        related Mortgaged Property is legal non-conforming and the related
        Mortgagor has not obtained law and ordinance insurance. However, there
        is only one (1) tenant occupying the related Mortgaged Property and,
        pursuant to its lease, the tenant is required to obtain and maintain the
        insurance covering damage to the related Mortgage Property. Further, the
        sponsor of the related Mortgage Loan has guaranteed any losses, damages
        or otherwise that may be incurred by Seller as a result of the related
        Mortgagor's failure to obtain, or failure to cause to be obtained, law
        and ordinance insurance.

        Loan No. 133 (Frances Way Villas Apartments) - The existing parking at
        the Mortgaged Property is 5 spaces short of the required 400 spaces. The
        existing parking can be re-striped to add such additional 5 spaces if
        necessary and the Mortgagor has covenanted under the Mortgage Loan
        documents to add such additional 5 spaces if required by applicable
        governmental authorities.

        Loan No. 41 (9400 Shea Boulevard) - See exception to Representation #6
        above.

17.     Loan No. 131 (Klein Crossing Shopping Center) - The Related Mortgaged
        Property consists of Tax Parcel No.'s 123-575-001-0001,
        123-575-001-0003, 123-575-001-0004 and 123-575-001-0010. The portion of
        the related Mortgage Property that is located in Tax Parcel No.
        123-575-001-0003 consists of two (2) or more parcels of real estate
        (approximately 3.284 acres), of which approximately 0.54 acres is not
        part of the related Mortgaged Property (such portion, the "Outer
        Parcel"). The related Mortgage Loan documents require the related
        Mortgagor to use commercially reasonable efforts to (i) cause the Outer
        Parcel to be separately assessed for Taxes and Other Charges, (ii) cause
        the Harris County Assessor's Department (the "HCAD") to (a) assign one
        or more separate tax parcel numbers to the Outer Parcel and (b) redefine
        the remainder of Tax Parcel No. 123-575-001-0003 as consisting of
        approximately 2.744 acres and (iii) provide Seller with evidence
        reasonably satisfactory to Lender that Related Mortgagor has satisfied
        the immediately foregoing requirements (i) and (ii). In addition, the
        related Mortgage Loan documents require the related Mortgagor to impound
        with the holder of the related Mortgage Loan all funds to pay real
        estates taxes on all of the tax parcels comprising the related Mortgaged
        Property.

19(a).  Loan Nos. 139 and 181 (Villas De Nolana and 2233 Nostrand Avenue) - the
        engineering reports with respect to these Mortgaged Properties were not
        prepared within 12 months of the Cut-off Date.

        Loan No. 115 (Creekside Four Office Building) - the engineering report
        prepared in connection with the closing of the Mortgage Loan recommended
        immediate repairs of $158,000. Bids totaling $79,475 were provided by
        third party contractors to perform the immediate repairs identified in
        the engineering and at the closing of the Mortgage Loan an escrow in the
        amount of $79,475 was taken for the performance of such immediate
        repairs.

20.     Loan No. 31 (Holopack International Corp.)

        #20(e): The Ground Lease does not provide that a notice of default or
        termination of the Ground Lease in connection with such notice of
        default shall be effective against mortgagee unless such notice of
        default has been given to such mortgagee; however, the Consent and
        Subordination Agreement between Mortgagee and the Ground Lessor does
        require Ground Lessor to give notice to the Mortgagee of any default
        that the Ground Lessor has actual knowledge of. In addition, the Ground
        Lease is pursuant to a FILOT (fee in lieu of taxes) arrangement and
        provides that Borrower (and after an Event of Default under the
        Mortgage, the Lender) has the right to purchase the property for a $1
        and also provides that upon any termination of the Ground Lease, the
        property is conveyed to the Borrower.

        #20(g): The Ground Lease expires 12/31/2027 and thus does not have have
        a term extending 20 years beyond the stated maturity date of the related
        Mortgage Loan; however, the Ground Lease is pursuant to a FILOT (fee in
        lieu of taxes) arrangement and provides that Borrower (and after an
        Event of Default under the Mortgage, the Lender) has a right to purchase
        the property for a $1 at any time and also provides that upon any
        termination of the Ground Lease, the property is conveyed to the
        Borrower.

        Loan No. 121 (Trexlertown Marketplace) - Note that there are certain
        exceptions as a result of provisions in the Ground Lease. Note that the
        these exceptions were handled by adding both "loss only" and "full
        recourse" provisions to the Indemnity and Guaranty and a net worth and
        liquidity requirement on the principal of any party assuming the loan.

        #20(d): Modifications and cancellations of the Ground Lease are binding
        upon 30 days prior written notice to Leasehold Mortgagee.

        Mitigating Factor: Leasehold Mortgagee does have some cure rights prior
        to cancellation and mortgage restricts leasehold borrower from modifying
        lease without consent. Full recourse to guarantor if leasehold borrower
        voluntarily amends, surrenders or terminates Ground Lease without
        Lender's prior consent.

        #20(f): Cure period may not be considered sufficient to gain possession
        of the interest.

        Mitigating Factor: Ground Lease provides cap of 90 days to commence,
        prosecute and complete foreclosure proceedings. Full recourse to
        guarantor if leasehold borrower fails to assign its interest in the
        ground lease to Leasehold Mortgagee or otherwise provide Leasehold
        Mortgagee with possession and the Ground Lease is terminated as a result
        of the leasehold borrower's uncured default.

        #20(f): No pick-up lease for termination as a result of rejection in
        bankruptcy.

        Mitigating Factor: Full recourse to guarantor if Ground Lease is
        terminated and ground lessor does not provide the Leasehold Mortgagee
        with a pick up lease.

        $20(i): Ground lessor has consent rights with respect to subtenants.

        Mitigating Factor: "Loss" type recourse to guarantor for amount of lost
        rents arising from ground lessor rejection of a subtenant if such
        rejection causes net operating income to fall below that which is
        required to service the loan.

21.     Loan No. 8 (Marriott - Farmington) - The Marriott - Farmington property
        at 15 Farm Springs Road, Farmington, CT reportedly had one Underground
        Storage Tank closed in place and another removed. After the closing of
        the Mortgage Loan, a Phase II investigation was performed which
        indicated an estimated cost of $24,000.00 to bring the site to closure.
        The Mortgagor has covenanted to perform the work required to the bring
        the site to closure and Columbia Sussex Corporation, the parent of the
        Mortgagor, has indemnified the holder of the Mortgage Loan for any loss,
        costs or damages incurred by the holder of the Mortgage Loan arising
        directly or indirectly from or out of any claim in connection with such
        required work..

        Loan No. 26 (Freehold Mall) - The Freehold Mall property at 3681 Route 9
        North, Freehold Township, NJ required the removal of an Underground
        Storage Tank at an estimated cost of $25,000 and continued bi-annual
        ground water monitoring at an estimated cost of $150,000 over five
        years. At the closing of the Mortgage Loan, the Mortgagor established a
        reserve of $61,250 with the holder of the Mortgage Loan, $31,250 of
        which is allocated to costs of removal of the underground storage tank
        and any related remediation, and $30,000 of which is held as a static
        reserve with respect to the bi-annual ground water monitoring costs
        until such time as a No Further Action letter is issued. A principal of
        the Mortgagor has indemnified the holder of the Mortgage Loan for any
        loss, costs or damages incurred by the holder of the Mortgage Loan due
        to the failure of the Borrower to perform the bi-annual ground water
        monitoring until such time as a No Further Action letter is issued with
        respect to such matter.

22.     Loan No. 83 (Bed Bath & Beyond Plaza) - The property insurance with
        respect to the roof of the improvements at the Mortgaged Property may be
        on a cash value basis (as opposed to a replacement cost basis). A
        principal of the Mortgagor has guaranteed, on a recourse basis, any
        difference between the amount that is payable on a cash value basis and
        the amount that would be payable if such coverage was on a replacement
        cost basis.

        Loan No. 23 (ABB Automation, Inc.) - The Mortgaged Property is leased to
        a single tenant and such tenant maintains the insurance with respect to
        the Mortgaged Property. The liability insurance maintained by such
        tenant has a deductible of $250,000; however, the parent of such tenant
        had an investment grade credit rating as of the date of the origination
        of the Mortgage Loan.

        Loan No. 204 (Stock Building Supply) - The Mortgaged Property is leased
        to a single tenant and such tenant maintains the insurance with respect
        to the Mortgaged Property. The lease with such single tenant is
        guaranteed by a guarantor with a net worth in excess of $500,000,000 as
        of the closing of the Mortgage Loan. Such tenant does not maintain
        terrorism insurance; however, the tenant may not abate rent or terminate
        the lease in connection with a casualty. The property insurance
        maintained by such tenant has a deductible of $150,000 and the
        certificates for the liability insurance maintained by such tenant are
        silent with respect to deductibles; however, a principal of the
        Mortgagor has guaranteed, on a recourse basis, any failure of the tenant
        to pay such deductibles. Law and ordinance insurance is not maintained
        with respect to certain setback violations; however, the improvements
        may be rebuilt to their existing condition if rebuilt within 2 years of
        any damage to the improvements and the tenant is required under its
        lease to restore any such damage within 1 year of the occurrence of such
        damage.

        Loan No. 25 (Plaza de Hacienda) - The insurable value of the
        improvements at the entire Mortgaged Property is approximately
        $16,000,000, of which approximately $6,000,000 is attributed to the
        building at the Mortgaged Property leased to Smith's Food & Drug
        Centers, Inc. (the "Food 4 Less Building"). The property insurance and
        liability insurance maintained with respect to the Food4Less Building
        have deductibles of $1,000,0000 and $2,000,000, respectively; however,
        the lease with Smith's Food & Drug Centers, Inc. does not permit the
        tenant to abate rent during any restoration in connection with a
        casualty, and a principal of the Mortgagor has guaranteed to the holder
        of the Mortgage Loan, on a recourse basis, the payment of such property
        insurance deductible in excess of $10,000 with respect to the Food 4
        Less Building and such liability insurance deductible with respect to
        the Food 4 Less Building.

        Loan No. 230 (Pathmark Supermarket) - The liability insurance maintained
        with respect to the Mortgaged Property has a deductible of $750,000;
        however, a principal of the Mortgagor has guaranteed, on a recourse
        basis, any failure of the Borrower to pay such deductible.

        Loan No. 165 (Kaplan Higher Education) - The property insurance and
        liability insurance maintained with respect to the Mortgaged Property
        have deductibles of $100,000 and $500,000, respectively; however, a
        principal of the Mortgagor has guaranteed, on a recourse basis, any
        failure of the Borrower to pay such deductibles.

        Loan No. 182 (Circuit City) - The Mortgaged Property is leased to a
        single tenant. The insurance maintained by such tenant has the following
        with characteristics: (a) terrorism coverage is excluded; however, the
        Mortgagor is maintaining business income and liability insurance with
        respect to the Mortgaged Property and terrorism coverage is provided
        under such policies, (b) there is no mention as to whether there is
        Coinsurance or an Agreed Amount endorsement and (c) there is a $100,000
        property insurance deductible and 5% windstorm insurance deductible. In
        connection with a casualty, the tenant under such lease is required to
        restore the premises or pay the proceeds over to the landlord.

        Loan No. 104 (Outpost - Lake Placid, NY) - The property insurance
        maintained by the tenant Price Chopper with respect to the portion of
        the Mortgaged Property which it occupies is part of a $500,000,000
        blanket policy and has a deductible of $250,000; however, a principal of
        the Mortgagor has guaranteed, on a recourse basis, any failure of the
        Borrower to pay such deductible.

        Loan No. 100 (Harper Collins) - The Mortgaged Property is leased to a
        single tenant. The property insurance and liability insurance maintained
        by such tenant with respect to the Mortgaged Property have deductibles
        of $250,000 and $500,000 (per occurrence), respectively; however, the
        lease to such tenant does not permit the tenant to abate rent or
        terminate the lease in connection with a casualty and such lease is
        guaranteed by the tenant's parent which had an investment grade credit
        rating as of the closing of the Mortgage Loan. The Mortgage Loan
        documents provide that such insurance may be maintained in satisfaction
        of the insurance requirements under the Mortgage Loan documents so long
        as the tenant's parent maintains an investment grade credit rating.

        Loan Nos. 8 and 11 (Marriott - Farmington and Marriott - Memphis) - The
        following applies to each of these Mortgage Loans: $100,000 deductibles
        are permitted for all coverages. In addition, for so long as Columbia
        Sussex Corporation is in control of the Mortgagor, the Mortgagor may
        have deductibles or self-insured retention of up to $1,000,000 provided
        that the Mortgagor and an affiliate of Mortgagor shall remain liable to
        the holder of the Mortgage Loan for any shortfall between the amount
        actually paid under any such policies and the amount that would have
        been paid if the deductibles were $100,000.

        Loan Nos. 57 (Value City) - Value City Department Stores, LLC, successor
        by merger to Value City Department Stores, Inc. ("Value City") is the
        sole tenant at the Mortgaged Property. The Mortgage Loan documents
        provide that compliance with the insurance requirements of the lease at
        the Mortgaged Property with Value City (the "Value City Lease") shall be
        deemed compliance with the insurance requirements of the Mortgage Loan
        documents. Various insurance requirements under the Value City Lease do
        not meet the insurance requirements under Representation # 22; however,
        Value City is not permitted under the Value City Lease to terminate the
        Value City Lease or abate rent as a result of a casualty.

        Loan No. 28 (GE - Cleveland, TN) - For so long as General Electric is
        the tenant, the deductibles on the property and liability insurance will
        not be required to be disclosed (as such there is no way to know the
        deductible amounts); however the tenant is responsible for the payment
        of such deductibles and such tenant had an investment grade credit
        rating as of the closing of the Mortgage Loan.

        Loan No. 92 (River Ranch Apartments) - The related Mortgaged Property is
        insured under an insurance policy issued by United States Fire Insurance
        Company in connection with the related Mortgagor's property insurance
        policy and such shall maintain the rating of at least BBB+ from Standard
        and Poor's.

        Loan No. 242 (Rite Aid - Shreveport, LA) - Tenant's insurance
        requirements under its lease has been accepted for all or part of
        lender's standard insurance requirements. So long as Rite Aid is Tenant
        under the Rite Aid Lease, Lender shall accept the coverage provided by
        Rite Aid as of the date of Closing and as further reflected in the
        certificates of property insurance, liability insurance and flood
        insurance attached to the Related Mortgage at Exhibit D. Under the terms
        of the Related Mortgage, any Replacement Tenant under a Replacement
        Lease will be subject to the standard insurance deductibles under the
        loan documents.

        Loan No. 143 (9039 Sunset Boulevard) - The related Mortgaged Property is
        insured under an insurance policy issued by Affiliated FM Insurance
        Company in connection with the related Mortgagor's property insurance
        policy. The Mortgage Loan documents provide that such insurer shall be
        an acceptable insurer so long as such insurer maintains the rating of at
        least BBB from Standard and Poor's.

        Loan No. 85 (AT&T Center - Dallas, TX) - The Mortgaged Property is
        leased to a single tenant and such tenant maintains the insurance with
        respect to the Mortgaged Property. The related Mortgaged Property is
        insured under an insurance policy issued by American Ridge Insurance
        Company in connection with the related Mortgagor's property insurance
        policy and such insurer is not rated by Standard and Poor's, Moody's,
        Fitch or A.M. Best Company. Such property insurance policy is for
        $5,000,000 of excess coverage over the first $10,000,000 of property
        coverage (the initial principal amount of the Mortgage Loan is
        approximately $12,000,000).

        Loan No. 83 (Bath & Beyond Plaza) - The windstorm coverage maintained
        with respect to the Mortgaged Property has a deductible of 5% of the
        insurable value of the Mortgaged Property, subject to a minimum
        deductible of $421,600.

        Loan No. 152 (Eustis Shoppes - Eustis, FL) - The windstorm coverage
        maintained with respect to the Mortgaged Property has a deductible of
        10% of the insurable value of the Mortgaged Property.

        Loan No. 242 (Rite Aid - Shreveport, LA) - The windstorm coverage
        maintained with respect to the Mortgaged Property has a deductible of
        $500,000.

30.     Loan Nos. 4 and 23 (Green Hills Corporate Center and ABB Automation,
        Inc.) - See exceptions to Representation #6 above.

        Loan No. 41 (9400 Shea Boulevard) - In connection with the termination
        of an easement on the Mortgaged Property, Borrower has certain
        obligations more fully described in the exception to Representation #6
        above.

32.     Loan Nos. 4, 87 and 23 (Green Hills Corporate Center, Cumberland Tech,
        ABB Automation, Inc. and Fremont Building) - See exceptions to
        Representation #6 above.

        The following applies to each of the Mortgage Loans listed below:
        Holders of direct or indirect equity interests in the Mortgagor have
        pledged their direct or indirect interests in the Mortgagor to secure a
        mezzanine loan (a "Mezzanine Loan"). In connection with such Mezzanine
        Loan, the Seller and the mezzanine lender entered into an intercreditor
        agreement, a copy of which is included in the related Mortgage File.

               Loan No. 4 (Green Hills Corporate Center)

               Loan No. 12 (Harrisburg Portfolio)

        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 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. 14   (Peatree Square)

                      Loan No. 26   (Freehold Mall)

                      Loan No. 58 (Towne Square Shopping Center)

                      Loan No. 73   (Bridgestone Building)

                      Loan No. 91   (Filene's Basement)

                      Loan No. 100 (Harper Collins)

                      Loan No. 102 (Lake Park Outlets)

                      Loan No. 127 (Holiday Inn North Haven)

                      Loan No. 132 (Plaza North Shopping Center)

                      Loan No. 191 (Shoppes at Higley Village)

                      Loan No. 219 (AFW Building)

                      Loan No. 238 (La Carre Apartments)

                      Loan No. 192 (Met Life Building)

                      Loan No. 41   (9400 Shea Boulevard)

                      Loan No. 131 (Klein Crossing Shopping Center)

                      Loan No. 228 (O'Connor Crossing)

                      Loan No. 79   (The Meadows Phase II)

                      Loan No. 186 (Central Park East)

                      Loan No. 53 (San Mar Plaza Shopping Plaza)

                      Loan No. 166 (Crown Point Office)

                      Loan No. 29   (Embassy Suites - PHX)

                      Loan No. 56   (Prien Lake Plaza)

                      Loan No. 50   (The Greentree Place Apartments)

                      Loan No.77 (Carlton Hotel - South Beach) (note that the
                      Mortgage Loan documents for this Mortgage Loan limit the
                      amount of the mezzanine loan to not more than 10% of the
                      appraised value of the Mortgaged Property (in lieu of
                      limits on maximum aggregate loan-to-value ratio and
                      minimum aggregate debt service coverage ratio)

                      Loan No. 33 (Campus Hill Apartments Portfolio)

        Loan No. 31 (Holopack International Corp.) - The Mortgage Loan Documents
        provide that the sale or transfer of stock or interest in (or any
        mergers between) the following affiliates of Mortgagor: (i) Corporate
        Property Associates 14 Incorporated, (ii) Corporate Property Associates
        15 Incorporated, (iii) Corporate Property Associates 12 Incorporated,
        (iv) Corporate Property Associates 16-Global Incorporated, (v) W.P.
        Carey & Co. LLC, (vi) any entity which is controlled, as of the date of
        such sale or transfer of stock or interest or merger, pursuant to an
        advisory agreement, by W.P. Carey & Co. LLC or Carey Asset Management
        Corp. (so long as Carey Asset Management Corp. is a wholly owned
        subsidiary of W.P. Carey & Co. LLC) (each of the entities in the
        foregoing clauses (i) through (vi) are hereinafter referred to as a
        member of the "Carey Group") or (vii) any wholly owned subsidiary of a
        member of the Carey Group (a "Carey Member Subsidiary"), shall not
        require the consent of the holder of the Mortgage Loan so long as the
        applicable company whose stock or interest is being sold or transferred
        (or (x) the surviving entity in the case of a merger among members of
        the Carey Group or (y) the parent of the surviving entity in the case of
        a merger between a Carey Member Subsidiary and a member of the Carey
        Group if the surviving entity is the Carey Member Subsidiary) is
        required to file, with respect to the equity interests of such company,
        periodic reports with the Securities and Exchange Commission under
        Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as
        amended.

        Loan No. 26 (Freehold Mall) - The Mortgage Loan permits a change of
        control of the Mortgagor, in the event that the original Principal is 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 "Principal" is defined as Philip
        Pilevsky. "Approved Control Party" shall mean Philip Pilevsky, as long
        as he is alive and competent, and if he is not, then it shall mean
        Sheila Levine, Michael Pilevsky and Seth Pilevsky, 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.

        Loan No. 192 (Met Life Building) - The Mortgage Loan permits a change of
        control of the Mortgagor, in the event that the original Principal is 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 "Principal" is defined as Philip
        Pilevsky. "Approved Control Party" shall mean Philip Pilevsky, as long
        as he is alive and competent, and if he is not, then it shall mean Heidi
        Leifer, Sheila Levine, Michael Pilevsky, or Seth Pilevsky, 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 property is owned 50/50 by two tenant-in-common owners
        ("Metlife TIC Owners"). One of the Metlife TIC Owners is a reverse 1031
        entity which is owned by the reverse exchange company pending completion
        of the reverse exchange transaction. The documents require and permit
        the reverse exchange company to transfer its interest back to the
        non-exchange Metlife TIC Owner by way of a transfer of all of its
        membership interests to the owner of such non-exchange Metlife TIC Owner
        or by a direct transfer of its interest in the property to such
        non-exchange Metlife TIC Owner, upon compliance with the provisions of
        the mortgage.

        Loan No. 25 (Plaza de Hacienda) - The property is owned by three
        tenant-in-common owners ("Hacienda TIC Owners"). One of the Hacienda TIC
        Owners is a reverse 1031 entity which was owned at the closing of the
        Mortgage Loan by the reverse exchange company pending completion of the
        reverse exchange transaction. The Mortgage Loan Documents permit the
        reverse exchange company to transfer its interest in such Hacienda TIC
        Owner to an entity controlled by the Mortgage Loan's non-recourse
        carveout guarantor upon compliance with the related provisions of the
        Mortgage.

        Loan No. 28 (GE - Cleveland, TN) - The Mortgage Loan documents provide
        that the Mortgaged Property may be transferred to a governmental
        authority and leased back to the Borrower, with the underlying GE lease
        thereupon becoming a sublease, to effectuate a PILOT transaction
        provided that the requirements of the mortgage are complied with and the
        transaction will not have any adverse on the Borrower, the Property,
        Lender's lien or the value of the Property as security for the Loan.

        Loan No. 53 (San Mar Plaza Shopping Center) - The related Mortgage Loan
        documents permit an affiliate of Kimco Realty Corporation, the investor
        partner of the Mortgagor, to take sole control of the Mortgagor.

        Loan No. 56 (Prien Lake Plaza) - The related Mortgage Loan documents
        permit an affiliate of Kimco Realty Corporation, the investor partner of
        the Mortgagor, to take sole control of the Mortgagor.

35.     Loan Nos. 19 and 33 (LG Portfolio and Campus Hill Apartments Portfolio)
        - See exceptions to Representation #12 above.

37.     Loan Nos. 130 and 133 (Pathmark Supermarket and Frances Way Villas
        Apartments) - See exceptions to Representation #16 above.

40.     Loan Nos. 8 and 11 (Marriott - Farmington and Marriot - Memphis) - The
        following applies to each of these Mortgage Loans: In Section 1.06 of
        the Mortgage Note, Lender agrees that, when Lender first gives notice of
        any past-due Monthly Payment Amount (including, without limitation, by
        listing such amounts on a statement of account or other listing of sums
        due under the Note, or by charging a late charge or assessing interest
        at the Default Interest Rate with respect to the Note), then Borrower
        shall have three (3) business days from the date of such notice to pay
        such past-due Monthly Payment Amount (which payment must be in
        immediately available funds) together with any late charges or interest
        at the Default Interest Rate which may be due, and Lender's acceptance
        of such payment shall cure the Event of Default caused by Borrower's
        failure timely to make such payment, provided, however, that Lender
        shall not be obligated to accept a tender of such past-due Monthly
        Payment Amount if any other Event of Default was continuing on the
        Payment Date on which such Monthly Payment Amount was due, and provided,
        further, that nothing herein shall obligate Lender to give such notice.
        During a Sweep Period (as defined in the Cash Management Agreement),
        Borrower shall be deemed to have made the payment due on a Payment Date
        if, within such grace period, (a) funds in an amount equal to or greater
        than the Monthly Payment Amount are on deposit in the Monthly Debt
        Service Subaccount (as defined in the Cash Management Agreement), (b) no
        Event of Default then exists and is continuing, and (c) such funds may
        lawfully be transferred from the Deposit Bank (as defined in the Cash
        Management Agreement) by either Lender or the Servicer (as defined in
        the Cash Management Agreement). Capitalized terms not defined in this
        paragraph shall have the meaning given to such terms in the related
        Mortgage Note.

        Loan No. 53 (San Mar Plaza Shopping Center) - The Mortgage Loan Seller
        has entered into a "consent agreement" with Kimco Preferred Investor
        XXXVI, Inc. (an affiliate of Kimco Realty Corporation), the investor
        partner of Mortgagor, pursuant to which the investor partner has a right
        to notice of any failure to make a payment as/when due, and the right to
        cure such event of default within 2 business days after notice. The due
        date is the 1st of the month, with 5 days' grace period, before the
        notice can be given.

        Loan No. 56 (Prien Lake Plaza) - The Mortgage Loan Seller has entered
        into a "consent agreement" with Kimco Preferred Investor LXVIII Business
        Trust ( an affiliate of Kimco Realty Corporation), the investor member
        of Mortgagor, pursuant to which the investor partner has a right to
        notice of any failure to make a payment as/when due, and the right to
        cure such event of default within 2 business days after notice. The due
        date is the 1st of the month, with 5 days' grace period, before the
        notice can be given.

42.     Loan Nos. 8 and 11 (Marriot - Farmington and Marriott - Memphis) - The
        following applies to each of these Mortgage Loans: The Mortgage Loan
        documents provide that in the event that terrorism insurance rates rise
        significantly or such coverage is not available with an all-risk policy,
        then the cost of the annual premium associated with terrorism insurance
        that the Mortgagor shall be required to incur shall be limited to 200%
        of the cost of the then current premium for all-risk casualty insurance
        without terrorism coverage.

        Loan No. 57 (Value City) - Terrorism insurance has been waived.

        Loan No. 13 (Bronx Apartment Portfolio) - While Borrower shall be
        required to purchase all-risk insurance (including terrorism coverage),
        in the event that terrorism insurance rates rise significantly or such
        coverage is not available with an all-risk policy, Lender shall limit
        the cost of the annual premium associated with terrorism insurance to
        200% of the cost of the then current premium for all-risk casualty
        insurance without terrorism coverage. In the event that the 200% limit
        does not enable to Borrower to purchase full terrorism coverage,
        Borrower shall purchase the maximum amount of terrorism coverage
        available with said amount.

        Loan No. 19 (LG Portfolio) - 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 150% of the cost for such terrorism insurance during the first
        year of the loan term.

        Loan No. 112 (Empire Distributors of North Carolina) - Waiver of
        terrorism coverage and a principal of the Mortgagor is liable for losses
        suffered as a result of not maintaining terrorism insurance.

        Loan No. 83 (Bed Bath & Beyond Plaza) - 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.

        Loan No. 80 (Millennium Plaza) - 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.

        Loan No. 115 (Creekside Four Office Building) - 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 one (1) times the cost of the required
        "all-risk" insurance for the annual policy period.

        Loan No. 151 (Cathedral Court Apartments) - 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.

        Loan No. 221 (Belvedere Parking Garage) - 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.

        Loan No. 54 (59 Temple Place) - 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.

        Loan No. 230 (Pathmark Supermarket) - The related Mortgagor has not
        obtained insurance covering acts of terrorism. However, there is only
        one (1) tenant occupying the related Mortgaged Property and pursuant to
        its lease the tenant is required to obtain and maintain the insurance
        covering any damage to the related Mortgage Property

        Loan No. 204 (Stock Building Supply) - See exception to Representation
        #22 above regarding terrorism insurance.

        Loan No. 33 (Campus Hill Apartments Portfolio) - The Mortgage Loan
        documents provide that in the event that terrorism insurance rates rise
        significantly or such coverage is not available with an all-risk policy,
        then the cost of the annual premium associated with terrorism insurance
        that the Mortgagor shall be required to incur shall be limited to 200%
        of the cost of the then current premium for all-risk casualty insurance
        without terrorism coverage.

<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 as follows:

1.      I have examined the Mortgage Loan Purchase Agreement, dated as of June
        14, 2007 (the "Agreement"), between the Company and J.P. Morgan Chase
        Commercial Mortgage Securities Corp., and all of the representations and
        warranties of the Company under the Agreement are true and correct in
        all material respects on and as of the date hereof with the same force
        and effect as if made on and as of the date hereof.

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 March
        9, 2007, as supplemented by the Prospectus Supplement, dated June 5,
        2007 (collectively, the "Prospectus"), relating to the offering of the
        Class A-1, Class A-2, Class A-3, Class A-4, Class A-SB, Class A-1A,
        Class X, Class A-M, Class A-J, Class B, Class C, Class D and Class E
        Certificates, the Private Placement Memorandum, dated June 5, 2007 (the
        "Privately Offered Certificate Private Placement Memorandum"), relating
        to the offering of the Class F, Class G, Class H, Class J, Class K,
        Class L, Class M, Class N, Class P, Class Q and Class NR Certificates,
        and the Residual Private Placement Memorandum, dated June 5, 2007
        (together with the Privately Offered Certificate Private Placement
        Memorandum, the "Private Placement Memoranda"), relating to the offering
        of the Class R and Class LR Certificates, and nothing has come to my
        attention that would lead me to believe that 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 14th day of June
2007.

                                               By:_____________________________
                                                  Name:
                                                  Title:June 25, 2007

       

      William Blackmore

      N28W30162 Red Hawk Court

      Pewaukee, WI  53072

       

      

      	
                  Re:
 	
                  Retention Agreement
 

      

       

      Dear Bill:

       

      I am writing to confirm our discussions regarding your continued employment with Actuant Corporation (the “Company”). In particular, we agreed to the following:

      

      	
                   
 	
                  1.
 	
                  Effective on June 25, 2007 and through at least December 31, 2009 (the “Period”), the Company will continue to employ you at a level similar to that which follows the impending reorganization of the Company.
 

      

      

      	
                   
 	
                  2.
 	
                  Your base salary during this Period will be at least your current base salary of $375,000 annually. During this Period, your base salary may be subject to periodic adjustments consistent with salary adjustments generally conferred upon employees in similar roles with the Company. In no event will your base salary be reduced during this Period.
 

      

      

      	
                   
 	
                  3.
 	
                  During this Period, the Target Bonus for which you are eligible will continue to be 55% of your base salary. The Target Bonus percentage will not be reduced and the threshold and maximum pay-out percentages will be consistent with those established for similarly-positioned executives of the Company during this Period.
 

      

      

      	
                   
 	
                  4.
 	
                  During this Period, the Company will not require you to relocate more than fifteen (15) miles from your current place of employment.
 

      

      

      	
                   
 	
                  5.
 	
                  During this Period, the Company will not reduce materially your job duties or responsibilities.
 

      

      

      	
                   
 	
                  6.
 	
                  During this Period, you will continue to report to Robert Arzbaecher (or his successor) or as otherwise directed by the Board of Directors after the impending reorganization of the Company.
 

      

      

      	
                   
 	
                  7.
 	
                  During this Period, you will continue to participate in the Company’s Long Term Incentive Program and in other Company benefit programs for which other employees of the Company are eligible at a level consistent with that established for similarly-positioned executives of the Company.
 

      

      

      	
                   
 	
                  8.
 	
                  During this Period and for the entire time you are employed by the Company, you and the Company will continue to be bound by the terms of the Company’s policies and the current agreements between you and the Company including, but not limited to, the Code of Conduct, the Confidentiality Agreement, the Change of Control Agreement and the Executive Stock Option Plan Agreement. If your employment  with the Company terminates within the six months prior to a Change in Control either because the Company terminates your employment without Cause or you terminate your employment for Good Reason, you will be entitled to the payments and benefits set
      out in Sections 2(c) and 3 of your Change in Control Agreement dated as of July 1, 2004. 
 

      

       

      
      

      

      

      W. Blackmore Retention Agreement

      Page 2 of 2

       

      

      	
                   
 	
                  9.
 	
                  If you elect to leave the Company’s employment before December 31, 2009 other than for “Good Reason,” or if the Company terminates you for Cause, you will not be entitled to any further compensation beyond your base salary through your last day of employment.
 

      

      

      	
                   
 	
                  10.
 	
                  If, however, during this Period you resign for Good Reason or are terminated by the Company without Cause and provided that you sign a general release of all claims against the Company or its affiliates in a form satisfactory to the Company, you will be entitled to receive the base salary and associated medical and Leadership Team benefits for one year from the termination or resignation, or your base salary and associated benefits through December 31, 2009, whichever period is longer. Given  that you are a “specified employee” within the meaning of Section 409A of the Internal Revenue Code, the Company will delay any payments to you under this paragraph for six months from the date of your termination of employment to the minimum extent necessary to avoid the 20% penalty
      tax under Section 409A.
 

      

      

      	
                   
 	
                  11.
 	
                  The vesting of all options previously granted to you will be accelerated on the termination of your employment by the Company without Cause or your termination of employment for Good Reason, to the extent they would otherwise vest if you remained employed by the Company until December 31, 2009. In addition, the options will remain exercisable until December 31, 2010. 
 

      

       

      

      	
                   
 	
                  12.
 	
                  For the purposes of our agreement, Cause means any of the following:  (i) Conviction of a felony which has adversely affected the Company’s  reputation; (ii) Material misappropriation of the Company’s funds, property or opportunities; or (iii) Material breach of any of the provisions of this Agreement after having been provided by written notice a reasonable opportuanity (not less than 15 days) to cure such a breach. 
 

      

       

      

      	
                   
 	
                  13.
 	
                  For the purposes of this Agreement, Good Reason means any of the following: (i) the Company’s material breach of its obligations under this Agreement, or (ii) a material reduction in your authority, position, duties or responsibilities as of the Effective Date, but in each case only if such Good Reason has not been corrected or cured by the Company within six (6)  months after receipt by the Company of written notice thereof, which notice will be given by you to the Company within 60 days of the initial existence of the condition.
 

      

      

      	
                   
 	
                  14.
 	
                  This Agreement has been approved by the Compensation Committee of the Board of Directors of the Company, and your options are hereby amended by this agreement to include the provisions of paragraph 11 hereof.
 

      

      

      	
                   
 	
                  Sincerely,
 

      

       

      

      	
                   
 	
                  Robert Arzbaecher
 

      

      

      	
                   
 	
                  CEO, President and Chariman
 

      

      As Agreed:

       

      

      William Blackmore                                                                              Date

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