Document:

EXHIBIT 10.2

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

                                  PURCHASER

                             CAPMARK FINANCE INC.

                                    SELLER

                       MORTGAGE LOAN PURCHASE AGREEMENT

                           Dated as of June 1, 2006

                          Fixed Rate Mortgage Loans

                               Series 2006-LDP7

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            This Mortgage Loan Purchase Agreement (this "Agreement"), dated as
of June 1, 2006, is between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as purchaser (the "Purchaser"), and Capmark Finance Inc., as seller (the
"Seller").

            Capitalized terms used in this Agreement not defined herein shall
have the meanings ascribed to them in the Pooling and Servicing Agreement dated
as of June 1, 2006 (the "Pooling and Servicing Agreement") among the Purchaser,
as depositor (the "Depositor"), Capmark Finance Inc. and Wachovia Bank, National
Association, as master servicers (each, a "Master Servicer"), LNR Partners,
Inc., as special servicer (the "Special Servicer"), Wells Fargo Bank, N.A., as
trustee (the "Trustee") and LaSalle Bank National Association, as paying agent
(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
(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
the Master Servicer and the Seller) all of its right, title, and interest in and
to the Mortgage Loans including (a) 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) and (b) any interest Capmark Finance Inc. (formerly known as GMAC
Commercial Mortgage Corporation) may have to consent to the incurrence of
subordinate debt and/or mezzanine debt under the related Mortgage Loan documents
with respect to Mortgage Loan set forth on Exhibit A hereto as the
Hyatt--Huntington Beach Mortgage Loan. Upon the sale of the Mortgage Loans, the
ownership of each related Mortgage Note, the Mortgage and the other contents of
the related Mortgage File will be vested in the Purchaser and immediately
thereafter the Trustee and the ownership of records and documents with respect
to the related Mortgage Loan prepared by or which come into the possession of
the Seller (other than the records and documents described in the proviso to
Section 3(a) hereof) shall immediately vest in the Purchaser and immediately
thereafter the Trustee. The Seller's records will accurately reflect the sale of
each Mortgage Loan to the Purchaser. On the Closing Date, the Seller shall also
deliver to the Depositor an amount equal to $28,001.65, which amount represents
the aggregate amount of interest that would have accrued at the related Net
Mortgage Rates during the Due Period ending in July 2006, for those Mortgage
Loans that do not have their first Monthly Payment due until August 2006. The
Depositor will sell the Class A-1, Class A-2, Class A-3A, Class A-3FL, Class
A-3B, 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 (the "Underwriters") specified in the underwriting agreement dated
June 23, 2006 (the "Underwriting Agreement") between the Depositor and J.P.
Morgan Securities Inc. ("JPMSI") for itself and as representative of the several
underwriters identified therein, and the Depositor will sell the Class 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, the initial
purchaser (together with the Underwriters, the "Dealers") specified in the
certificate purchase agreement dated June 23, 2006 (the "Certificate Purchase
Agreement"), between the Depositor and JPMSI for itself and as representative of
the initial purchasers identified therein.

            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 in immediately available funds the sum of $
(which amount is inclusive of accrued interest and exclusive of the Seller's pro
rata share of the costs set forth in Section 9 hereof). The purchase and sale of
the Mortgage Loans shall take place on the Closing Date.

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

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

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

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

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

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

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

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

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

            (c) if, during such period of time after the first date of the
public offering of the Offered Certificates as in the opinion of counsel for the
Underwriters, a prospectus relating to the Offered Certificates is required by
applicable law to be delivered in connection with sales thereof by an
Underwriter or a Dealer, any event shall occur as a result of which it is
necessary to amend or supplement the Prospectus Supplement, including Annexes
A-1, A-2, A-3 and B thereto and the Diskette included therewith, with respect to
any information relating to the Mortgage Loans or the Seller, in order to make
the statements therein, in the light of the circumstances when the Prospectus
Supplement is delivered to a purchaser, not misleading, or if it is necessary to
amend or supplement the Prospectus Supplement, including Annexes A-1, A-2, A-3
and B thereto and the Diskette included therewith, with respect to any
information relating to the Mortgage Loans or the Seller, to comply with
applicable law, the Seller shall do all things necessary to assist the Depositor
to prepare and furnish, at the expense of the Seller (to the extent that such
amendment or supplement relates to the Seller, the Mortgage Loans listed on
Exhibit A and/or any information relating to the same, as provided by the
Seller), to the Underwriters such amendments or supplements to the Prospectus
Supplement as may be necessary, so that the statements in the Prospectus
Supplement as so amended or supplemented, including Annexes A-1, A-2, A-3 and B
thereto and the Diskette included therewith, with respect to any information
relating to the Mortgage Loans or the Seller, will not, in the light of the
circumstances when the Prospectus is so amended or supplemented, be misleading
or so that the Prospectus Supplement, including Annexes A-1, A-2, A-3 and B
thereto and the Diskette included therewith, with respect to any information
relating to the Mortgage Loans or the Seller, will comply with applicable law.
All terms used in this clause (c) and not otherwise defined herein shall have
the meaning set forth in the Indemnification Agreement, dated as of June 23,
2006 between the Purchaser and the Seller (the "Indemnification Agreement"); and

            (d) for so long as the Trust is subject to the reporting
requirements of the Exchange Act, the Seller shall provide the Purchaser (or
with respect to any Serviced A2 Note or any Companion Loan that is deposited
into an Other Securitization or a Regulation AB Companion Loan Securitization,
the depositor in such Other Securitization or Regulation AB Companion Loan
Securitization) and the Trustee with any Additional Form 10-D Disclosure and any
Additional Form 10-K Disclosure set forth next to the Purchaser's name (only
with respect to disclosure related to Items 1117 or 1119 of Regulation AB) on
Schedule X and Schedule Y of the Pooling and Servicing Agreement within the time
periods set forth in the Pooling and Servicing Agreement.

            SECTION 6. Representations and Warranties.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

            To the extent that the Seller is required to repurchase or
substitute for a Crossed Loan hereunder in the manner prescribed above while the
Trustee continues to hold any other Crossed Loans in such Crossed Group, neither
the Seller nor the 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, as shall be necessary to vest in the Seller the legal and
beneficial ownership of each repurchased Mortgage Loan or replaced Mortgage
Loan, as applicable, (ii) the Purchaser shall deliver, or cause the delivery, to
the Seller of all portions of the Mortgage File and other documents (including
the Servicing File) pertaining to such Mortgage Loan possessed by the Trustee,
or on the Trustee's behalf, and (iii) the Purchaser shall release, or cause to
be released, to the Seller any escrow payments and reserve funds held by the
Trustee, or on the Trustee's behalf, in respect of such repurchased or replaced
Mortgage Loans.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

            SECTION 9. Expenses. The Seller will pay its pro rata share (the
Seller's pro rata portion to be determined according to the percentage that the
aggregate principal balance as of the Cut-off Date of all the Mortgage Loans
represents 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 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, the Memoranda (as defined in the Indemnification
Agreement) and any related 8-K Information (as defined in the Underwriting
Agreement), or items similar to the 8-K Information, including the cost of
obtaining any "comfort letters" with respect to such items; (v) the costs and
expenses in connection with the qualification or exemption of the Certificates
under state securities or blue sky laws, including filing fees and reasonable
fees and disbursements of counsel in connection therewith; (vi) the costs and
expenses in connection with any determination of the eligibility of the
Certificates for investment by institutional investors in any jurisdiction and
the preparation of any legal investment survey, including reasonable fees and
disbursements of counsel in connection therewith; (vii) the costs and expenses
in connection with printing (or otherwise reproducing) and delivering the
Registration Statement, Prospectus and Memoranda, and the reproduction and
delivery of this Agreement and the furnishing to the Underwriters of such copies
of the Registration Statement, Prospectus, Memoranda and this Agreement as the
Underwriters may reasonably request; (viii) the fees of the rating agency or
agencies requested to rate the Certificates and (ix) the reasonable fees and
expenses of Thacher Proffitt & Wood LLP, counsel to the Underwriters, and
Cadwalader, Wickersham & Taft LLP, counsel to the Depositor.

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

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

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

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

            SECTION 14. Notices. All demands, notices and communications
hereunder shall be in writing and shall be deemed to have been duly given upon
receipt by the intended recipient if personally delivered at or couriered, sent
by facsimile transmission or mailed by first class or registered mail, postage
prepaid, to (i) in the case of the Purchaser, J.P. Morgan Chase Commercial
Mortgage Securities Corp., 270 Park Avenue, New York, New York 10017, Attention:
Dennis Schuh, fax number (212) 834 6593 with a copy to Bianca Russo, fax number
(212) 834 6593, (ii) in the case of the Seller, Capmark Finance Inc., 200 Witmer
Road, Horsham, Pennsylvania 19044, Attention: David M. Lazarus, telecopy number:
(215) 328-1775, and (iii) in the case of any of the preceding parties, such
other address or fax number as may hereafter be furnished to the other party in
writing by such party.

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

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

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

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

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

                                   * * * * * *
<PAGE>

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

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

                                       By: /s/ Charles Y. Lee
                                          ------------------------------------
                                          Name:  Charles Y. Lee
                                          Title: Vice President

                                       CAPMARK FINANCE INC., as Seller

                                       By: /s/ David Lazarus
                                          ------------------------------------
                                          Name:  David Lazarus
                                          Title: SVP, Managing Director

<PAGE>
                                    EXHIBIT A

                             MORTGAGE LOAN SCHEDULE

<TABLE>
<CAPTION>
Loan #    Mortgagor Name
-------   ---------------------------------------------------------------------------------------
<S>       <C>
3         Bella Terra Associates, LLC
7         PCH Beach Resort, LLC
10        Penn Tower, LLC
12        Wilbun 7, LLC, Mission Real Associates LLC, Wilshire Bundy Holdings LLC, Civic Palm LLC
          and Bunwil Capital LLC
14        KOLA Investments, L.L.C.
14.01     KOLA Investments, L.L.C.
14.02     KOLA Investments, L.L.C.
14.03     KOLA Investments, L.L.C.
14.04     KOLA Investments, L.L.C.
14.05     KOLA Investments, L.L.C.
16        Citation Club I LLC and Citation Club II LLC
19        Fireside West of Delaware LLC
23        Linden Plaza, LLC
26        Jupiter Festival, Ltd.
28        Muller Diablo MOT LLC
30        WRT-550/650 Corporetum Property LLC and WRT-701 Arboretum Property LLC
33        RT Waca Hotels L.P.
33.01     RT Waca Hotels L.P.
33.02     RT Waca Hotels L.P.
35        FT-Ontario Property LLC and FT-Ontario Parking LLC
36        Paramount Crossing at Mt Laurel LLC
38        HR Financing, LLC and HRVC Financing, LLC
39        RT SD-Denver, L.P.
40        GFII DVI Cardel Sawgrass, LLC
41        FTRC Hotel Partners, L.P.
41.01     FTRC Hotel Partners, L.P.
41.02     FTRC Hotel Partners, L.P.
42        Miami Convention Hotel Corp.
51        CC Financing, LLC
53        DSVC Financing, LLC
55        RLJ Beachwood Hotel, LLC
57        Largo Clark SPE LLC
66        ASR 2401 Fountainview, LP
72        Victorian Square Acquisition, LLC
73        Murray Hill Parkway Flex Buildings, LLC
74        Liberties Walk Associates, LP
75        RT CO Hotel Partners LLC
76        VC Financing, LLC
80        Sabino Park Pavilion, LP
85        NK-850/950 Corporetum Property LLC
98        Bar Lazy H Three LLC
100       Sagres 1B2 LLC
101       EC Highland LLC and D&Y Kane Arizona LLC
103       Cobblestone Acquisition, LLC
104       RLJ Colorado Springs Hotel, LLC
130       Marrows Road Associates, LLC
136       B&R 9950 Westpark Owner, LP
140       Paino Associates, LLC
145       RT-Las Colinas Associates, L.P.
147       Storage Max Northtown, L.L.C.
150       Self Storage of Walnut Creek, LLC
153       MMV, L.P.
154       Self Storage LLC
154.01    Self Storage LLC
154.02    Self Storage LLC
154.03    Self Storage LLC
154.04    Self Storage LLC
155       WHV Partners, L.P.
177       SEC North Park, LLC
179       StorageMax Midtown, LLC
184       Rangeline Commercial Park, Inc.
185       333 Technology Drive Associates, LLC
188       The Redwoods Mobile Estates, Ltd.
197       Parkwood-Apple Valley, LLC
201       Coventry Partners, LLC, TDO Properties, LLC, Fortune Pathway, LLC, Coventry 326, LLC,
          Coventry Group 100, LLC, Piedmont Group Real Estate, LLC, PDJJ, LLC, Acclivity, LLC,
          CF Assets Huntsville, LLC, BHT Investments, LLC, Amansara Holdings, LLC, Affordable
204       Ramona Villa Associates, Ltd.
217       Sun Valley, LLC
218       Garland Retail, LLC
219       N368AG, LLC
221       StorageMax Byram, LLC
223       Little Woods Mobile Villa LLC
229       T.J. Team Investment Co., LLC
230       Heather Estates, Ltd.
232       Crossgates Storage Park, LLC
234       Huntsville Green LLC
246       StorageMax Tupelo 2, LLC
252       Clinton/SM, LLC
254       StorageMax Clinton Two, LLC
264       StorageMax Clinton, LLC
266       Pacifico Mobile Home Park LLC

<CAPTION>
Loan #    Property Address                                                         City               State
-------   ----------------------------------------------------------------------   ----------------   -------
<S>       <C>                                                                      <C>                <C>
3         7777 Edinger Avenue                                                      Huntington Beach   CA
7         21500 Pacific Coast Highway                                              Huntington Beach   CA
10        132 West 31st Street                                                     New York           NY
12        12121 Wilshire Boulevard                                                 Los Angeles        CA
14        Various                                                                  Various            OK
14.01     3959 Northwest 122nd Street                                              Oklahoma City      OK
14.02     1920 Heritage Park Drive                                                 Oklahoma City      OK
14.03     2201 Northwest 122nd Street                                              Oklahoma City      OK
14.04     4001 Northwest 122nd Street                                              Oklahoma City      OK
14.05     200 West 15th Street                                                     Edmond             OK
16        29540 Citation Circle                                                    Farmington Hills   MI
19        3003 Corporate West Drive                                                Lisle              IL
23        1601 West Edgar Road                                                     Linden             NJ
26        201 North US Highway 1                                                   Jupiter            FL
28        2900 South Diablo Way                                                    Tempe              AZ
30        550, 650 and 701 Warrenville Road                                        Lisle              IL
33        Various                                                                  Various            Various
33.01     10 West Trimble Road                                                     San Jose           CA
33.02     6955 Fort Dent Way                                                       Tukwila            WA
35        One East Erie and Ten East Ontario                                       Chicago            IL
36        4010-4351 Dearborn Circle                                                Mount Laurel       NJ
38        6400-6480 Freetown Road                                                  Columbia           MD
39        5400 Kearny Mesa Road                                                    San Diego          CA
40        13400 West Sunrise Boulevard                                             Sunrise            FL
41        Various                                                                  Various            Various
41.01     5820 White Bluff Road                                                    Savannah           GA
41.02     8737 Baymeadows Road                                                     Jacksonville       FL
42        200 Southeast 2nd Avenue                                                 Miami              FL
51        6250 Columbia Crossing Drive                                             Columbia           MD
53        4725 Dorsey Hall Drive                                                   Ellicot City       MD
55        3775 Park East Drive                                                     Beachwood          OH
57        36 Valley Road                                                           Clark              NJ
66        2401 Fountainview Drive                                                  Houston            TX
72        10901 Hull Street Road                                                   Midlothian         VA
73        20/30 Murray Hill Parkway                                                East Rutherford    NJ
74        1030-40 North Second Street & 1030-40 North American Street              Philadelphia       PA
75        93 West Centennial Boulevard                                             Highlands Ranch    CO
76        5485 Harper's Farm Road                                                  Columbia           MD
80        2001 Coit Road                                                           Plano              TX
85        850 and 950 Warrenville Road                                             Lisle              IL
98        1235 Town Centre Drive                                                   Eagan              MN
100       43-40 57th Avenue                                                        Maspeth            NY
101       6544 West Thomas Road                                                    Phoenix            AZ
103       821 West Park Avenue                                                     Ocean              NJ
104       1810 Briargate Parkway                                                   Colorado Springs   CO
130       1352 Marrows Road                                                        Newark             DE
136       9950 Westpark Drive                                                      Houston            TX
140       15, 19, 23 and 27 Midstate Drive                                         Auburn             MA
145       820 West Walnut Hill Lane                                                Irving             TX
147       42 Northtown Drive                                                       Jackson            MS
150       2690 North Main Street                                                   Walnut Creek       CA
153       1438, 1440 and 1442 Arrow Highway                                        Irwindale          CA
154       Various                                                                  Dothan             AL
154.01    1405 Ross Clark Circle                                                   Dothan             AL
154.02    1909 South Brannon Stand Road                                            Dothan             AL
154.03    827 Honeysuckle Road                                                     Dothan             AL
154.04    4207 Montgomery Highway                                                  Dothan             AL
155       3230 Falls Drive                                                         Dallas             TX
177       3001-3027 University Avenue, 3827-3829 30th Street and 3830 Ray Street   San Diego          CA
179       1061 Government Street                                                   Mobile             AL
184       5821 Rangeline Road                                                      Theodore           AL
185       333 Technology Drive                                                     Malvern            PA
188       502 Redwood Boulevard                                                    Redding            CA
197       14020 Pilot Knob Road                                                    Apple Valley       MN
201       1505 Sparkman Drive NW                                                   Huntsville         AL
204       9800 Baseline Road                                                       Alta Loma          CA
217       5140 36th Avenue East                                                    Tuscaloosa         AL
218       3315 North President George Bush Highway                                 Garland            TX
219       1143-1151 Coast Village Road                                             Santa Barbara      CA
221       5670 I-55 South, 120 Byram Drive, 6767 Siwell Road                       Byram              MS
223       1821 Lakeville Highway                                                   Petaluma           CA
229       11118 - 11150 Long Beach Boulevard                                       Lynwood            CA
230       1300 West Menlo Avenue                                                   Hemet              CA
232       100 Westside Cove                                                        Pearl              MS
234       3022 Memorial Parkway, SW                                                Huntsville         AL
246       2109 McCullough Boulevard                                                Tupelo             MS
252       6415-6457 Old Alexander Ferry Road                                       Clinton            MD
254       478 Springridge Road                                                     Clinton            MS
264       100 Woodchase Park Drive                                                 Clinton            MS
266       1477 West Grand Avenue                                                   Grover Beach       CA

<CAPTION>
Loan #    Zip Code   County            Property Name                                Size     Measure
-------   --------   ---------------   ------------------------------------------   ------   -----------
<S>       <C>        <C>               <C>                                          <C>      <C>
3            92647   Orange            Bella Terra Retail                           663923   Square Feet
7            92648   Orange            Hyatt - Huntington Beach                        517   Rooms
10           10001   New York          PennCom Plaza                                423000   Square Feet
12           90025   Los Angeles       Wilshire Bundy Office Building               289873   Square Feet
14        Various    Oklahoma          Oklahoma City Portfolio                        1658   Units
14.01        73120   Oklahoma          Invitational Apartments                         344   Units
14.02        73120   Oklahoma          Heritage Park Apartments                        453   Units
14.03        73120   Oklahoma          Raindance Apartments                            504   Units
14.04        73120   Oklahoma          Augusta Apartments                              197   Units
14.05        73013   Oklahoma          Windrush Apartments                             160   Units
16           48331   Oakland           Citation Club                                   600   Units
19           60532   DuPage            Hilton - Lisle / Naperville                     309   Rooms
23           07036   Union             Linden Plaza                                 277931   Square Feet
26           33477   Palm Beach        Shoppes at Jupiter                           183657   Square Feet
28           85282   Maricopa          Motorola Building Campus                     289790   Square Feet
30           60532   DuPage            550, 650 and 701 Warrenville Road Offices    237791   Square Feet
33        Various    Various           Homewood Suites Portfolio #2 (AVR)              246   Rooms
33.01        95131   Santa Clara       Homewood Suites - San Jose                      140   Rooms
33.02        98188   King              Homewood Suites - Tukwila                       106   Rooms
35           60611   Cook              One Ontario Commercial                       126939   Square Feet
36           08054   Burlington        Cambridge Crossing                           108871   Square Feet
38           21044   Howard            Kimco Columbia- Hickory Ridge                100522   Square Feet
39           92111   San Diego         Residence Inn - San Diego                       144   Rooms
40           33323   Broward           Crowne Plaza Sawgrass Mills                     250   Rooms
41        Various    Various           Homewood Suites Portfolio #1 (AVR)              222   Rooms
41.01        31405   Chatham           Homewood Suites - Savannah                      106   Rooms
41.02        32256   Duval             Homewood Suites - Jacksonville                  116   Rooms
42           33131   Miami-Dade        Courtyard by Marriott Miami (AVR)               231   Rooms
51           21045   Howard            Kimco Columbia- Columbia Crossing             73299   Square Feet
53           21042   Howard            Kimco Columbia - Dorsey's Village             86456   Square Feet
55           44122   Cuyahoga          Embassy Suites - Beachwood                      216   Rooms
57           07066   Union             Crowne Plaza - Clark                            191   Rooms
66           77057   Harris            Fountainview Tower Office Building           174369   Square Feet
72           23112   Chesterfield      Victorian Square                             271215   Square Feet
73           07073   Bergen            20-30 Murray Hill Parkway                    182517   Square Feet
74           19123   Philadelphia      Liberties Walk                                   50   Units
75           80129   Douglas           Residence Inn - Highlands Ranch                 117   Rooms
76           21044   Howard            Kimco Columbia- Harpers Choice               108489   Square Feet
80           75075   Collin            Park Pavilion                                140444   Square Feet
85           60532   DuPage            850 - 950 Warrenville Road                    99414   Square Feet
98           55123   Dakota            Best Buy (MN)                                 45000   Square Feet
100          11378   Queens            Jetro Building                                75454   Square Feet
101          85033   Maricopa          West Highland Shopping Center                 82494   Square Feet
103          07712   Monmouth          Cobblestone Village Shopping Center           78558   Square Feet
104          80920   El Paso           Hilton Garden Inn - Colorado Springs            154   Rooms
130          19711   New Castle        1352 Marrows Road                             41738   Square Feet
136          77063   Harris            9950 Westpark                                110783   Square Feet
140          01501   Worcester         Midstate Office                              123322   Square Feet
145          75038   Dallas            Hampton Inn Las Colinas (AVR)                   135   Rooms
147          39211   Hinds             StorageMax Northtown                            470   Units
150          94597   Contra Costa      Walnut Creek Self Storage                       909   Units
153          91706   Los Angeles       Mountain View Business Park                   91715   Square Feet
154       Various    Houston           Register American Self Storage                 1165   Units
154.01       36301   Houston           American Self Storage - East                    386   Units
154.02       36305   Houston           American Self Storage - Brannon Stand           332   Units
154.03       36305   Houston           American Self Storage West                      233   Units
154.04       36303   Houston           American Self Storage - North                   214   Units
155          75211   Dallas            Westmoreland Heights                         108033   Square Feet
177          92104   San Diego         North Park Retail                             22365   Square Feet
179          36604   Mobile            StorageMax Midtown                              463   Units
184          36582   Mobile            Rangeline Commercial Park and Mini-Storage      670   Units
185          19355   Chester           333 Technology Drive                          39440   Square Feet
188          96003   Shasta            Redwoods Mobile Estates                         278   Pads
197          55124   Dakota            Walgreens (Apple Valley)                      14500   Square Feet
201          35816   Madison           Coventry Apartments                             100   Units
204          91701   San Bernardino    Ramona Villa Estates                            149   Pads
217          35405   Tuscaloosa        Sun Valley Apartments                            82   Units
218          75040   Dallas            Garland Retail                                 8965   Square Feet
219          93108   Santa Barbara     Coast Village Road                             8679   Square Feet
221          39272   Hinds             StorageMax Byram                                487   Units
223          94954   Sonoma            Little Woods Mobile Villa                        78   Pads
229          90262   Los Angeles       Lynwood Plaza                                 11918   Square Feet
230          92543   Riverside         Heather Estates                                 181   Pads
232          39208   Rankin            StorageMax Crossgates Storage Park              362   Units
234          35801   Madison           Huntsville Green                              16109   Square Feet
246          38801   Lee               StorageMax Tupelo 2                             260   Units
252          20735   Prince Georges    Clinton Square                                18961   Square Feet
254          39056   Hinds             StorageMax Clinton II                           264   Units
264          39056   Hinds             StorageMax Clinton                              193   Units
266          93433   San Luis Obispo   Pacifico Del Amo MHP                             41   Pads

<CAPTION>
Loan #    Interest Rate (%)   Net Mortgage Interest Rate   Original Balance   Cutoff Balance   Term   Rem. Term
-------   -----------------   --------------------------   ----------------   --------------   ----   ---------
<S>       <C>                 <C>                          <C>                <C>              <C>    <C>
3                   5.29487                      5.19432        188,000,000      188,000,000    120         111
7                   5.96000                      5.94115        115,000,000      115,000,000    120         119
10                  5.69000                      5.58945         79,750,000       79,750,000    120         118
12                  5.67000                      5.56945         60,030,000       59,911,880    120         118
14                  5.62000                      5.51945         52,000,000       51,896,561    120         118
14.01               5.62000                                      12,450,000       12,425,234    120         118
14.02               5.62000                                      12,250,000       12,225,632    120         118
14.03               5.62000                                      11,250,000       11,227,621    120         118
14.04               5.62000                                       8,450,000        8,433,191    120         118
14.05               5.62000                                       7,600,000        7,584,882    120         118
16                  5.82000                      5.71945         46,500,000       46,500,000    120         118
19                  6.42000                      6.38595         40,500,000       40,500,000    120         120
23                  6.09000                      5.98945         33,950,000       33,950,000    120         119
26                  5.79000                      5.68945         31,000,000       31,000,000    120         118
28                  6.36000                      6.25945         25,840,000       25,840,000     60          60
30                  6.26000                      6.15945         24,600,000       24,600,000    120         120
33                  6.61000                      6.56245         22,500,000       22,444,895     84          82
33.01               6.61000                                      13,971,000       13,936,783     84          82
33.02               6.61000                                       8,529,000        8,508,111     84          82
35                  5.75000                      5.64945         21,600,000       21,600,000    120         117
36                  5.92000                      5.81945         21,600,000       21,600,000    120         120
38                  5.76000                      5.65945         20,720,000       20,720,000    120         120
39                  5.94000                      5.88615         20,435,000       20,435,000    120         120
40                  5.95000                      5.89445         20,000,000       19,743,058    121         112
41                  6.61000                      6.55385         19,500,000       19,452,242     84          82
41.01               6.61000                                      10,545,000       10,519,174     84          82
41.02               6.61000                                       8,955,000        8,933,068     84          82
42                  5.28000                      5.22345         19,220,000       19,220,000    120         111
51                  5.76000                      5.65945         16,170,000       16,170,000    120         120
53                  5.76000                      5.65945         15,820,000       15,820,000    120         120
55                  5.41000                      5.34715         15,500,000       15,500,000     66          55
57                  6.10000                      6.03531         14,500,000       14,500,000     84          84
66                  5.82000                      5.71945         12,750,000       12,714,539    120         117
72                  5.61000                      5.50945         12,250,000       12,185,617    120         115
73                  6.21000                      6.10945         12,000,000       12,000,000    180         180
74                  5.39000                      5.28945         12,000,000       11,988,388     84          83
75                  5.94000                      5.86915         11,550,000       11,550,000    120         120
76                  5.76000                      5.65945         11,550,000       11,550,000    120         120
80                  6.28000                      6.17945         11,000,000       11,000,000    120         120
85                  6.50000                      6.39945         10,450,000       10,450,000    120         120
98                  5.60000                      5.49945          9,400,000        9,400,000    120         117
100                 6.04000                      5.93945          9,200,000        9,183,319    120         118
101                 5.75000                      5.64945          9,000,000        9,000,000    120         118
103                 6.02000                      5.91945          9,000,000        8,983,608    120         118
104                 5.99000                      5.91125          8,850,000        8,850,000     60          57
130                 6.21000                      6.10945          6,550,000        6,550,000    120         120
136                 6.37000                      6.26945          6,375,000        6,375,000    120         120
140                 6.21000                      6.10945          6,000,000        6,000,000    120         120
145                 5.58000                      5.48635          5,800,000        5,800,000    120         111
147                 6.15000                      6.04945          5,625,000        5,618,030    120         119
150                 6.21000                      6.10945          5,500,000        5,500,000    120         120
153                 5.81000                      5.70945          5,300,000        5,300,000    120         119
154                 5.66000                      5.55945          5,300,000        5,277,388    120         117
154.01              5.66000                                       1,809,237        1,801,518    120         117
154.02              5.66000                                       1,706,365        1,699,085    120         117
154.03              5.66000                                         923,333          919,393    120         117
154.04              5.66000                                         861,066          857,392    120         117
155                 5.98000                      5.87945          5,120,000        5,120,000    120         118
177                 5.80000                      5.69945          4,250,000        4,246,289    120         119
179                 6.15000                      6.04945          4,125,000        4,125,000    120         120
184                 6.13000                      6.02945          3,850,000        3,845,210    120         119
185                 6.04000                      5.93945          3,850,000        3,843,019    120         118
188                 5.33000                      5.22945          3,690,000        3,690,000    120         117
197                 5.76000                      5.65945          3,400,000        3,400,000    120         117
201                 6.11000                      6.00945          3,400,000        3,393,931     84          82
204                 5.33000                      5.22945          3,150,000        3,150,000    120         117
217                 5.62000                      5.51945          2,630,000        2,612,880    120         117
218                 5.66000                      5.55945          2,575,000        2,567,570    120         117
219                 5.90000                      5.79945          2,567,000        2,562,198    120         118
221                 6.15000                      6.04945          2,480,000        2,476,927    120         119
223                 6.39000                      6.28945          2,425,000        2,425,000    120         120
229                 6.29000                      6.18945          2,300,000        2,298,236    120         119
230                 5.47000                      5.36945          2,250,000        2,250,000    120         119
232                 6.15000                      6.04945          2,250,000        2,247,212    120         119
234                 5.90000                      5.79945          2,200,000        2,200,000    120         120
246                 6.15000                      6.04945          1,875,000        1,872,677    120         119
252                 6.06000                      5.95945          1,645,000        1,643,658    120         119
254                 6.15000                      6.04945          1,570,000        1,568,054    120         119
264                 6.15000                      6.04945          1,350,000        1,348,327    120         119
266                 6.46000                      6.35945          1,300,000        1,300,000    120         120

<CAPTION>
Loan #    Maturity/ARD Date   Amort. Term   Rem. Amort.   Monthly Debt Service   Servicing Fee Rate   Accrual Type
-------   -----------------   -----------   -----------   --------------------   ------------------   ------------
<S>       <C>                 <C>           <C>           <C>                    <C>                  <C>
3         09/01/15                    360           360              1,043,529                        Actual/360
7         05/01/16                    360           360                686,528                        Actual/360
10        04/01/16                      0             0                383,400                        Actual/360
12        04/01/16                    360           358                347,274                        Actual/360
14        04/01/16                    360           358                299,177                        Actual/360
14.01                                 360           358
14.02                                 360           358
14.03                                 360           358
14.04                                 360           358
14.05                                 360           358
16        04/01/16                    360           360                273,433                        Actual/360
19        06/01/16                    360           360                253,860                        Actual/360
23        05/01/16                    360           360                205,516                        Actual/360
26        04/01/16                    360           360                181,696                        Actual/360
28        06/01/11                    360           360                160,955                        Actual/360
30        06/01/16                    360           360                151,626                        Actual/360
33        04/01/13                    300           298                153,472                        Actual/360
33.01                                 300           298
33.02                                 300           298
35        03/01/16                    360           360                126,052                        Actual/360
36        06/01/16                    360           360                128,394                        Actual/360
38        06/01/16                    360           360                121,048                        Actual/360
39        06/01/16                    360           360                121,731                        Actual/360
40        10/01/15                    300           291                128,250                        Actual/360
41        04/01/13                    300           298                133,009                        Actual/360
41.01                                 300           298
41.02                                 300           298
42        09/01/15                    300           300                115,516                        Actual/360
51        06/01/16                    360           360                 94,466                        Actual/360
53        06/01/16                    360           360                 92,422                        Actual/360
55        01/01/11                    300           300                 94,352                        Actual/360
57        06/01/13                    360           360                 87,869                        Actual/360
66        03/01/16                    360           357                 74,973                        Actual/360
72        01/01/16                    360           355                 70,402                        Actual/360
73        06/01/21                    180           180                102,629                        Actual/360
74        05/01/13                    360           359                 67,309                        Actual/360
75        06/01/16                    360           360                 68,803                        Actual/360
76        06/01/16                    360           360                 67,476                        Actual/360
80        06/01/16                    360           360                 67,944                        Actual/360
85        06/01/16                    360           360                 66,051                        Actual/360
98        03/01/16                    360           360                 53,963                        Actual/360
100       04/01/16                    360           358                 55,395                        Actual/360
101       04/01/16                    360           360                 52,522                        Actual/360
103       04/01/16                    360           358                 54,075                        Actual/360
104       03/01/11                    300           300                 56,967                        Actual/360
130       06/01/16                    360           360                 40,159                        Actual/360
136       06/01/16                    360           360                 39,751                        Actual/360
140       06/01/16                    300           300                 39,432                        Actual/360
145       09/01/15                    300           300                 35,895                        Actual/360
147       05/01/16                    300           299                 36,759                        Actual/360
150       07/01/16                    360           360                 33,721                        Actual/360
153       05/01/16                    360           360                 31,132                        Actual/360
154       03/01/16                    300           297                 33,055                        Actual/360
154.01                                300           297
154.02                                300           297
154.03                                300           297
154.04                                300           297
155       04/01/16                    360           360                 30,631                        Actual/360
177       05/01/16                    360           359                 24,937                        Actual/360
179       06/01/16                    300           300                 26,957                        Actual/360
184       05/01/16                    300           299                 25,112                        Actual/360
185       04/01/16                    360           358                 23,182                        Actual/360
188       03/01/16                    360           360                 20,560                        Actual/360
197       03/01/16                    360           360                 19,863                        Actual/360
201       04/01/13                    360           358                 20,626                        Actual/360
204       03/01/16                    360           360                 17,551                        Actual/360
217       03/01/16                    240           237                 18,270                        Actual/360
218       03/01/16                    360           357                 14,880                        Actual/360
219       04/01/16                    360           358                 15,226                        Actual/360
221       05/01/16                    300           299                 16,207                        Actual/360
223       06/01/16                    360           360                 15,153                        Actual/360
229       05/01/16                    360           359                 14,221                        Actual/360
230       05/01/16                    360           360                 12,733                        Actual/360
232       05/01/16                    300           299                 14,704                        Actual/360
234       06/01/16                    360           360                 13,049                        Actual/360
246       05/01/16                    300           299                 12,253                        Actual/360
252       05/01/16                    360           359                  9,926                        Actual/360
254       05/01/16                    300           299                 10,260                        Actual/360
264       05/01/16                    300           299                  8,822                        Actual/360
266       06/01/16                    360           360                  8,183                        Actual/360

<CAPTION>
Loan #    ARD (Y/N)   ARD Step Up (%)   Title Type      Crossed Loan   Originator/Loan Seller
-------   ---------   ---------------   -------------   ------------   ----------------------
<S>       <C>         <C>               <C>             <C>            <C>
3         No                            Fee/Leasehold                  Capmark
7         No                            Leasehold                      Capmark
10        No                            Leasehold                      Capmark
12        No                            Fee/Leasehold                  Capmark
14        No                            Fee                            Capmark
14.01                                   Fee                            Capmark
14.02                                   Fee                            Capmark
14.03                                   Fee                            Capmark
14.04                                   Fee                            Capmark
14.05                                   Fee                            Capmark
16        No                            Fee                            Capmark
19        No                            Fee                            Capmark
23        No                            Fee                            Capmark
26        No                            Fee                            Capmark
28        No                            Fee                            Capmark
30        No                            Fee                            Capmark
33        No                            Fee                            Capmark
33.01                                   Fee                            Capmark
33.02                                   Fee                            Capmark
35        No                            Fee                            Capmark
36        No                            Fee                            Capmark
38        No                            Fee                            Capmark
39        No                            Fee                            Capmark
40        No                            Fee                            Capmark
41        No                            Fee                            Capmark
41.01                                   Fee                            Capmark
41.02                                   Fee                            Capmark
42        No                            Fee                            Capmark
51        No                            Fee                            Capmark
53        No                            Fee                            Capmark
55        No                            Fee                            Capmark
57        No                            Fee                            Capmark
66        No                            Fee                            Capmark
72        No                            Fee                            Capmark
73        No                            Leasehold                      Capmark
74        No                            Fee                            Capmark
75        No                            Fee                            Capmark
76        No                            Fee                            Capmark
80        No                            Fee                            Capmark
85        No                            Fee                            Capmark
98        No                            Fee                            Capmark
100       No                            Fee                            Capmark
101       No                            Fee                            Capmark
103       No                            Fee                            Capmark
104       No                            Fee                            Capmark
130       No                            Fee                            Capmark
136       No                            Fee                            Capmark
140       No                            Fee                            Capmark
145       No                            Fee                            Capmark
147       No                            Fee                            Capmark
150       No                            Fee                            Capmark
153       No                            Fee                            Capmark
154       No                            Fee                            Capmark
154.01                                  Fee                            Capmark
154.02                                  Fee                            Capmark
154.03                                  Fee                            Capmark
154.04                                  Fee                            Capmark
155       No                            Fee                            Capmark
177       No                            Fee                            Capmark
179       No                            Fee                            Capmark
184       No                            Fee                            Capmark
185       No                            Fee                            Capmark
188       No                            Fee                            Capmark
197       No                            Fee                            Capmark
201       No                            Fee                            Capmark
204       No                            Fee                            Capmark
217       No                            Fee                            Capmark
218       No                            Fee                            Capmark
219       No                            Fee                            Capmark
221       No                            Fee                            Capmark
223       No                            Fee                            Capmark
229       No                            Fee                            Capmark
230       No                            Fee                            Capmark
232       No                            Fee                            Capmark
234       No                            Fee                            Capmark
246       No                            Fee                            Capmark
252       No                            Fee                            Capmark
254       No                            Fee                            Capmark
264       No                            Fee                            Capmark
266       No                            Fee                            Capmark

<CAPTION>
Loan #    Guarantor
-------   -----------------------------------------------------------------------------------------------
<S>       <C>
3         D. John Miller, Eric Sahn, Lindsay Parton, Dieter Mees and John Cappetta
7         Stephen K. Bone and Mayer Financial, L.P.
10        Ben Korman, Meir Cohen, Asher Zamir, Joshua Zamir
12        Ezri Namvar
14        Allstate Management Corp.
14.01     Allstate Management Corp.
14.02     Allstate Management Corp.
14.03     Allstate Management Corp.
14.04     Allstate Management Corp.
14.05     Allstate Management Corp.
16        Maurice Beznos, Paola Luptak
19        Double Eight Hospitality LLC
23        Daniel Massry
26        Craig I. Menin
28        Stephen J. Muller and Jon M. Muller
30        WRT Realty L.P.
33        Allan V. Rose
33.01     Allan V. Rose
33.02     Allan V. Rose
35        WRT Realty L.P.
36        David Levy, Eric Ansell
38        KUBS Income Fund I, LP, Hickory Ridge Village Center Business Trust, HRVC, LLC
39        Allan V. Rose
40        Stephen Blumenthal, Woodson C. Brown, Carlos Lopez-Cantera, Carlos J. Rodriguez
41        Allan V. Rose
41.01     Allan V. Rose
41.02     Allan V. Rose
42        Allan V. Rose
51        KUBS Income Fund I, LP, Columbia Crossing I, LLC
53        KUBS Income Fund I, LP, DSVC Retail, LLC
55        RLJ Urban Lodging Fund, L.P. and RLJ Urban Lodging Fund (PF #1), L.P.
57        Lane Hospitality, Inc.
66        American Spectrum Realty, Inc.
72        Daniel Massry
73        Richard Branca
74        Bart Blatstein
75        Allan V. Rose
76        KUBS Income Fund I, LP, Village Center Business Trust
80        Kenneth Levy, The Revocable Trust of Kenneth and Gloria Levy
85        The Newkirk Master Limited Partnership
98        F. Peter Herfurth, Sally O. Herfurth, The F. Peter Herfurth Revocable Trust
          and The Sally O. Herfurth Revocable Trust
100       Frank Galasso
101       Gary Grabel, Mark Hamermesh and Aric Browne
103       Daniel Massry
104       RLJ Urban Lodging Fund, L.P. and RLJ Urban Lodging Fund (PF#1)
130       Brock J. Vinton and David Grayson
136       Bresler & Reiner, Inc.
140       John F. Paino and Dolores Paino
145       Allan V. Rose
147       Robert L. Lloyd
150       Sidney Corrie
153       Stephen J. Muller, Jon M. Muller
154       Larry C. Register
154.01    Larry C. Register
154.02    Larry C. Register
154.03    Larry C. Register
154.04    Larry C. Register
155       Gary Fernandes
177       Craig P. Duhs, Traci A. Duhs, The 2005 Duhs Family Living Trust Dated 2/3/05,
          Scott D. Duhs, Marci A. Duhs and The Duhs Revocable Living Trust
179       Darryl J. Lyles, Robert L. Lloyd
184       Charles Chapman
185       Don Cafiero and Robert Sichelstiel
188       Richard B. Francis, John R. Francis, The R.B. Francis Family 1994 Trust,
          The J&B Francis Family Trust
197       Michael D. Gorge
201       David Lindahl, Trish O'Connell, Dorothy Goodsun, Mary Lee Carter, Gary Edwards,
          Ed Oliver, Craig Picard, Peter Cassidy, Gail McCarthy, Brian Shelton, Rob Saelens,
          Janice Chai-Chang, Brett Lewis, Jenneill Delp, Darla Lacy, Janelle Bledsoe, James Cassidy, D
204       Richard B. Francis, John R. Francis, The R.B. Francis Family 1994 Trust,
          The J&B Francis Family Trust
217       Jeffrey Todd Palmer and J. Sydney Cook III
218       Richard E. Sikorski, Karen R. Sikorski and The Richard E. Sikorski
          and Karen R. Sikorski Living Trust
219       Gene Montesano and Arlene Montesano
221       Robert L. Lloyd, William Kirk Hannon
223       Ronald A. Ubaldi, Duane Berndt, Wendy M. Berndt and The Ubaldi Living Trust dated July 19, 1993
229       Tae Suk Chong, Ok Chom Chong, and The Tae Suk Chong and Ok Chom Chong Revocable Trust
230       Richard B. Francis, John R. Francis, The Richard B. Francis Trust of 2005,
          The J&B Francis Family Trust
232       Robert L. Lloyd
234       John R. Dunlap, Jr.
246       Robert L. Lloyd
252       Samuel Yu and Mirah Yu
254       Robert L. Lloyd, William Kirk Hannon
264       Robert L. Lloyd
266       Wendy M. Berndt, Duane Berndt, Ronald A. Ubaldi, The Ubaldi Living Trust dated July 19, 1993,
          and Kenneth G. Waterhouse

<CAPTION>
                             UPFRONT ESCROW
                             ---------------------------------------------------------------------
Loan #    Letter of Credit   Upfront CapEx Reserve   Upfront Eng. Reserve   Upfront Envir. Reserve
-------   ----------------   ---------------------   --------------------   ----------------------
<S>       <C>                <C>                     <C>                    <C>
3         No                                  0.00                   0.00                     0.00
7         No                            986,021.43                   0.00                     0.00
10        No                                  0.00              78,125.00                     0.00
12        No                                  0.00                   0.00                     0.00
14        No                                  0.00                   0.00                     0.00
14.01     No
14.02     No
14.03     No
14.04     No
14.05     No
16        No                                  0.00              28,894.00                     0.00
19        No                                  0.00                   0.00                     0.00
23        No                                  0.00             145,487.50               366,465.76
26        No                                  0.00                   0.00                     0.00
28        No                                  0.00                   0.00                     0.00
30        No                                  0.00                   0.00                     0.00
33        No                              1,000.00                   0.00                     0.00
33.01     No
33.02     No
35        No                                  0.00                   0.00                     0.00
36        No                             47,000.00                   0.00                     0.00
38        No                                  0.00                   0.00                     0.00
39        No                              1,000.00                   0.00                     0.00
40        No                              1,000.00                   0.00                     0.00
41        No                              1,000.00                   0.00                     0.00
41.01     No
41.02     No
42        No                              1,000.00                   0.00                     0.00
51        No                                  0.00                   0.00                     0.00
53        No                                  0.00                   0.00                     0.00
55        No                              1,000.00                   0.00                     0.00
57        No                                200.00                   0.00                     0.00
66        No                                  0.00              14,275.00                     0.00
72        No                                  0.00             750,000.00                     0.00
73        No                                  0.00                   0.00                     0.00
74        No                                  0.00                   0.00                     0.00
75        No                              1,000.00                   0.00                     0.00
76        No                                  0.00                   0.00                     0.00
80        No                            298,711.00              14,750.00                     0.00
85        No                                  0.00                   0.00                     0.00
98        No                                  0.00                   0.00                     0.00
100       No                                  0.00                   0.00                     0.00
101       No                                  0.00                   0.00                     0.00
103       No                                  0.00             259,937.50                65,000.00
104       No                              1,000.00                   0.00                     0.00
130              392,943.0                    0.00                   0.00                     0.00
136       No                                  0.00              36,000.00                     0.00
140       No                                  0.00              20,000.00                     0.00
145       No                              1,000.00                   0.00                     0.00
147       No                                  0.00                   0.00                     0.00
150       No                                  0.00                   0.00               200,000.00
153       No                                  0.00             456,492.00                     0.00
154       No                                  0.00                   0.00                     0.00
154.01    No
154.02    No
154.03    No
154.04    No
155       No                                  0.00                   0.00                     0.00
177       No                                  0.00                   0.00                     0.00
179       No                                  0.00                   0.00                     0.00
184       No                                  0.00               3,875.00                     0.00
185       No                                  0.00                   0.00                     0.00
188       No                                  0.00                   0.00                     0.00
197       No                                  0.00                   0.00                     0.00
201       No                                  0.00               6,250.00                     0.00
204       No                                  0.00                   0.00                     0.00
217       No                                  0.00              10,156.00                     0.00
218       No                                  0.00                   0.00                     0.00
219       No                                  0.00                   0.00                     0.00
221       No                                  0.00               5,625.00                     0.00
223       No                                  0.00                   0.00                     0.00
229       No                                  0.00                   0.00                     0.00
230       No                                  0.00                   0.00                     0.00
232       No                                  0.00               4,437.50                     0.00
234       No                                  0.00              37,500.00                     0.00
246       No                                  0.00                   0.00                     0.00
252       No                                  0.00                   0.00                     0.00
254       No                                  0.00              12,500.00                     0.00
264       No                                  0.00                   0.00                     0.00
266       No                                  0.00                   0.00                     0.00

<CAPTION>
          UPFRONT ESCROW
          ---------------------------------------------------------------------------------------------
Loan #    Upfront TI/LC Reserve   Upfront RE Tax Reserve   Upfront Ins. Reserve   Upfront Other Reserve
-------   ---------------------   ----------------------   --------------------   ---------------------
<S>       <C>                     <C>                      <C>                    <C>
3                          0.00             1,190,342.43             173,060.00            3,000,000.00
7                          0.00               175,115.86             897,155.09                    0.00
10                         0.00               677,585.43             147,117.92              565,000.00
12                         0.00               163,718.92              56,004.12                    0.00
14                         0.00                42,420.99             120,076.44                    0.00
14.01
14.02
14.03
14.04
14.05
16                         0.00                     0.00                   0.00                    0.00
19                         0.00                     0.00                   0.00                    0.00
23                         0.00                77,818.45              10,972.90                    0.00
26                   500,000.00                63,079.95              31,050.00            1,065,800.00
28                         0.00                79,456.78              29,140.38                    0.00
30                         0.00               171,138.59              32,296.60              382,020.00
33                         0.00                 1,000.00                   0.00                    0.00
33.01
33.02
35                         0.00                     0.00                   0.00                    0.00
36                   175,000.00                70,713.98              13,493.60              160,000.00
38                         0.00               210,436.43                   0.00                    0.00
39                         0.00                70,280.94                   0.00                    0.00
40                         0.00               132,148.42              71,359.08               29,548.00
41                         0.00                99,000.00                   0.00                    0.00
41.01
41.02
42                         0.00               244,311.32                   0.00                    0.00
51                         0.00               174,807.26                   0.00                    0.00
53                         0.00               186,525.23                   0.00                    0.00
55                         0.00                32,097.10              19,598.28                    0.00
57                         0.00                61,555.05              31,753.32            1,100,000.00
66                         0.00                59,197.75              36,268.00               33,000.00
72                   250,000.00                25,173.50               7,158.70                    0.00
73                         0.00                69,351.75               7,861.40                    0.00
74                         0.00                 1,618.31               4,500.35                    0.00
75                         0.00               108,581.69                   0.00                    0.00
76                         0.00               106,519.07                   0.00                    0.00
80                         0.00                61,021.92              26,290.16                    0.00
85                         0.00                53,779.47              13,289.24              428,688.00
98                 2,745,000.00                     0.00                   0.00              605,000.00
100                        0.00                30,990.27              21,334.15                    0.00
101                        0.00                     0.00              18,819.85                    0.00
103                        0.00                     0.00               2,106.07                    0.00
104                        0.00                 4,989.99              25,277.60                    0.00
130                        0.00                 2,586.63               2,363.68                    0.00
136                        0.00                49,562.30              13,871.32                    0.00
140                        0.00                     0.00                   0.00                    0.00
145                        0.00               109,061.04                   0.00                    0.00
147                        0.00                21,296.28               2,882.03                    0.00
150                        0.00                23,239.52               6,519.45                    0.00
153                        0.00                     0.00               4,833.44                    0.00
154                        0.00                10,562.20              18,347.51                    0.00
154.01
154.02
154.03
154.04
155                   50,000.00                25,322.80               5,234.30                    0.00
177                  130,600.00                 1,473.22               3,290.78                    0.00
179                        0.00                24,799.67               3,281.43                    0.00
184                        0.00                 9,210.76              18,722.10                    0.00
185                        0.00                31,726.97               3,395.33              200,000.00
188                        0.00                     0.00                   0.00                    0.00
197                        0.00                     0.00                   0.00                    0.00
201                        0.00                10,669.00               6,059.95                    0.00
204                        0.00                     0.00                   0.00                    0.00
217                        0.00                 7,163.10               3,716.12                    0.00
218                  200,000.00                14,774.25                 744.26                    0.00
219                        0.00                 1,164.27               1,544.96                    0.00
221                        0.00                 9,241.00               1,727.88                    0.00
223                        0.00                 3,492.06               4,734.59                    0.00
229                        0.00                 5,128.14                 873.80                    0.00
230                        0.00                 7,200.46                   0.00                    0.00
232                        0.00                 8,236.85               1,696.96                    0.00
234                        0.00                 7,272.18               4,170.78                    0.00
246                        0.00                 9,809.05               1,263.80                    0.00
252                        0.00                20,182.00               2,967.71               16,208.74
254                        0.00                 6,210.04               1,318.20                    0.00
264                        0.00                 4,729.28                 543.69                    0.00
266                        0.00                 1,896.23               2,565.30                    0.00

<CAPTION>
          MONTHLY ESCROW
          -----------------------------------------------------------------------------------------------
Loan #    Monthly Capex Reserve   Monthly Envir. Reserve   Monthly TI/LC Reserve   Monthly RE Tax Reserve
-------   ---------------------   ----------------------   ---------------------   ----------------------
<S>       <C>                     <C>                      <C>                     <C>
3                       5792.73                     0.00                23690.49                262931.47
7                     146000.00                     0.00                    0.00                198349.60
10                      5287.50                     0.00                42585.00                169396.36
12                      3623.41                     0.00                49215.83                 81859.46
14                     34541.67                     0.00                    0.00                 42420.99
14.01
14.02
14.03
14.04
14.05
16                     14000.00                     0.00                    0.00                     0.00
19                         0.00                     0.00                    0.00                     0.00
23                      2316.42                     0.00                 5602.75                 77818.45
26                      1683.52                     0.00                 4194.39                 33702.59
28                         0.00                     0.00                    0.00                 39728.39
30                      2976.58                     0.00                31865.48                 42784.65
33                     24486.23                     0.00                    0.00                 23679.65
33.01
33.02
35                      1587.00                     0.00                15566.00                     0.00
36                         0.00                     0.00                    0.00                 35356.99
38                      1424.00                     0.00                 5909.00                 17536.37
39                     17283.00                     0.00                    0.00                 23426.97
40                     29100.00                     0.00                    0.00                 44049.47
41                     21523.88                     0.00                    0.00                 20602.80
41.01
41.02
42                     23600.00                     0.00                    0.00                 25019.84
51                      1038.00                     0.00                 4607.00                 14567.27
53                      1081.00                     0.00                 4702.00                 15543.77
55                     27413.38                     0.00                    0.00                 32097.10
57                         0.00                     0.00                    0.00                 26373.93
66                      2180.00                     0.00                14262.00                 29598.88
72                      2260.00                     0.00                 8923.00                 12586.75
73                         0.00                     0.00                    0.00                     0.00
74                      1107.11                     0.00                 1510.00                   539.44
75                     12419.00                     0.00                    0.00                     0.00
76                      2441.00                     0.00                 1388.00                  8876.59
80                      1170.33                     0.00                 7704.75                 15255.48
85                         0.00                     0.00                    0.00                 13444.87
98                       375.00                     0.00                    0.00                     0.00
100                        0.00                     0.00                    0.00                  7747.57
101                      756.20                     0.00                 5184.50                 16828.75
103                     1702.08                     0.00                 4024.92                 12224.33
104                    11767.00                     0.00                    0.00                     0.00
130                      348.00                     0.00                 3386.00                   287.40
136                     1385.75                     0.00                 8548.83                  8260.38
140                     2158.13                     0.00                    0.00                 14059.14
145                    10029.17                     0.00                    0.00                 15562.00
147                      666.71                     0.00                    0.00                  4259.26
150                      926.04                     0.00                    0.00                  5809.88
153                      840.75                     0.00                 4509.33                  3971.75
154                     1960.83                     0.00                    0.00                  1760.37
154.01
154.02
154.03
154.04
155                     1350.41                     0.00                 4096.05                  8440.93
177                      540.50                     0.00                    0.00                   736.61
179                      468.42                     0.00                    0.00                  2755.52
184                     1766.25                     0.00                 2257.25                  1842.15
185                      328.67                     0.00                 2716.71                  4310.06
188                        0.00                     0.00                    0.00                  5352.28
197                        0.00                     0.00                    0.00                     0.00
201                     2083.00                     0.00                    0.00                  2667.25
204                        0.00                     0.00                    0.00                  4797.43
217                     1708.00                     0.00                    0.00                  2387.70
218                        0.00                     0.00                    0.00                  4924.75
219                      136.00                     0.00                 1292.21                  1164.27
221                      494.79                     0.00                    0.00                  1848.20
223                      325.00                     0.00                    0.00                  1746.03
229                      149.00                     0.00                  713.00                  2564.07
230                        0.00                     0.00                    0.00                  3600.23
232                      400.46                     0.00                    0.00                  1647.37
234                      201.36                     0.00                 1019.50                  1212.03
246                      274.42                     0.00                    0.00                  1961.81
252                      679.41                     0.00                  921.83                  2242.44
254                      360.83                     0.00                    0.00                  1242.01
264                      163.33                     0.00                    0.00                   945.86
266                      171.00                     0.00                    0.00                   948.12

<CAPTION>
          MONTHLY ESCROW
          --------------------------------------------
Loan #    Monthly Ins. Reserve   Monthly Other Reserve   Grace Period   Lockbox In-place   Property Type
-------   --------------------   ---------------------   ------------   ----------------   --------------------
<S>       <C>                    <C>                     <C>            <C>                <C>
3                     64736.98                10563.25              5   Yes                Retail
7                     67970.07                    0.00              5   Yes                Hotel
10                    16346.44               330424.91              5   Yes                Office
12                     6222.68                    0.00              5   No                 Office
14                    30019.11                    0.00              5   No                 Multifamily
14.01                                                               5   No                 Multifamily
14.02                                                               5   No                 Multifamily
14.03                                                               5   No                 Multifamily
14.04                                                               5   No                 Multifamily
14.05                                                               5   No                 Multifamily
16                        0.00                    0.00              5   No                 Multifamily
19                        0.00                    0.00              5   Yes                Hotel
23                     3326.83                    0.00              5   No                 Retail
26                        0.00                    0.00              5   No                 Retail
28                     4731.61                    0.00              5   No                 Office
30                     4037.08                    0.00              5   Yes                Office
33                        0.00                    0.00              5   No                 Hotel
33.01                                                               5   No                 Hotel
33.02                                                               5   No                 Hotel
35                        0.00                    0.00              5   Yes                Office
36                     3373.40                    0.00              5   No                 Retail
38                        0.00                    0.00              5   No                 Retail
39                        0.00                    0.00              5   No                 Hotel
40                    11893.19                    0.00              5   Yes                Hotel
41                        0.00                    0.00              5   No                 Hotel
41.01                                                               5   No                 Hotel
41.02                                                               5   No                 Hotel
42                        0.00                    0.00              5   No                 Hotel
51                        0.00                    0.00              5   No                 Retail
53                        0.00                    0.00              5   No                 Retail
55                     6532.76                    0.00              5   No                 Hotel
57                     7938.32                    0.00              5   No                 Hotel
66                     3297.09                    0.00              5   No                 Office
72                     2616.37                    0.00              5   No                 Retail
73                        0.00                    0.00              5   No                 Industrial
74                        0.00                    0.00              5   Yes                Multifamily
75                        0.00                    0.00              5   No                 Hotel
76                        0.00                    0.00              5   No                 Retail
80                     3286.27                    0.00              5   Yes                Retail
85                     1661.16                    0.00              5   Yes                Office
98                      304.98                    0.00              5   Yes                Retail
100                    2133.42                    0.00              5   Yes                Industrial
101                    1881.99                    0.00              5   No                 Retail
103                    1469.59                    0.00              5   No                 Retail
104                    3150.95                    0.00              5   No                 Hotel
130                     590.92                 4583.33              5   Yes                Office
136                    1733.92                    0.00              5   No                 Office
140                    2301.72                    0.00              5   Yes                Office
145                       0.00                    0.00              5   No                 Hotel
147                     763.39                    0.00             15   No                 Self-Storage
150                     931.35                    0.00              5   No                 Self-Storage
153                    1049.50                    0.00              5   No                 Industrial
154                    1938.00                    0.00              5   No                 Self-Storage
154.01                                                              5   No                 Self-Storage
154.02                                                              5   No                 Self-Storage
154.03                                                              5   No                 Self-Storage
154.04                                                              5   No                 Self-Storage
155                    2617.15                    0.00              5   No                 Retail
177                    1096.93                    0.00              5   No                 Retail
179                     656.29                    0.00              5   No                 Self-Storage
184                    3744.42                    0.00              5   No                 Self-Storage
185                     679.07                    0.00              5   Yes                Office
188                       0.00                    0.00              5   No                 Manufactured Housing
197                       0.00                    0.00              5   No                 Retail
201                    3029.97                    0.00              5   No                 Multifamily
204                       0.00                    0.00              5   No                 Manufactured Housing
217                    1238.71                    0.00              5   No                 Multifamily
218                     372.13                    0.00              5   No                 Retail
219                     772.48                    0.00              5   No                 Retail
221                     431.97                    0.00             15   No                 Self-Storage
223                     535.25                    0.00              5   No                 Manufactured Housing
229                     436.90                    0.00              5   No                 Retail
230                       0.00                    0.00              5   No                 Manufactured Housing
232                     424.24                    0.00             15   No                 Self-Storage
234                     695.13                    0.00              5   No                 Retail
246                     315.95                    0.00             15   No                 Self-Storage
252                     423.96                    0.00              5   No                 Retail
254                     329.55                    0.00             15   No                 Self-Storage
264                     135.92                    0.00             15   No                 Self-Storage
266                     292.32                    0.00              5   No                 Manufactured Housing

<CAPTION>
Loan #   Defeasance Permitted   Loan Group   Servicing Group   Final Maturity Date
------   --------------------   ----------   ---------------   -------------------
<S>      <C>                    <C>          <C>               <C>
3        Yes                             1   A
7        Yes                             1   A
10       Yes                             1   A
12       Yes                             1   A
14       Yes                             2   A
14.01    Yes                             2   A
14.02    Yes                             2   A
14.03    Yes                             2   A
14.04    Yes                             2   A
14.05    Yes                             2   A
16       Yes                             2   A
19       Yes                             1   A
23       Yes                             1   A
26       Yes                             1   A
28       Yes                             1   A
30       Yes                             1   A
33       Yes                             1   A
33.01    Yes                             1   A
33.02    Yes                             1   A
35       Yes                             1   A
36       Yes                             1   A
38       Yes                             1   A
39       Yes                             1   A
40       Yes                             1   A
41       Yes                             1   A
41.01    Yes                             1   A
41.02    Yes                             1   A
42       Yes                             1   A
51       Yes                             1   A
53       Yes                             1   A
55       Yes                             1   A
57       Yes                             1   A
66       Yes                             1   A
72       Yes                             1   A
73       Yes                             1   A
74       Yes                             1   A
75       Yes                             1   A
76       Yes                             1   A
80       Yes                             1   A
85       Yes                             1   A
98       No                              1   A
100      Yes                             1   A
101      Yes                             1   A
103      Yes                             1   A
104      Yes                             1   A
130      Yes                             1   A
136      Yes                             1   A
140      Yes                             1   A
145      Yes                             1   A
147      No                              1   A
150      Yes                             1   A
153      Yes                             1   A
154      Yes                             1   A
154.01   Yes                             1   A
154.02   Yes                             1   A
154.03   Yes                             1   A
154.04   Yes                             1   A
155      No                              1   A
177      Yes                             1   A
179      No                              1   A
184      Yes                             1   A
185      Yes                             1   A
188      Yes                             2   A
197      Yes                             1   A
201      No                              1   A
204      Yes                             1   A
217      Yes                             2   A
218      Yes                             1   A
219      No                              1   A
221      No                              1   A
223      No                              1   A
229      Yes                             1   A
230      Yes                             2   A
232      No                              1   A
234      Yes                             1   A
246      No                              1   A
252      Yes                             1   A
254      No                              1   A
264      No                              1   A
266      No                              2   A
</TABLE>

<PAGE>

                                    EXHIBIT B

                  MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

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

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

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

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

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

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

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

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

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

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

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

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

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

                  (e) With respect to each Mortgage which is a deed of trust, a
      trustee, duly qualified under applicable law to serve as such, currently
      so serves and is named in the deed of trust or may be substituted in
      accordance with applicable law, and no fees or expenses are or will become
      payable to the trustee under the deed of trust, except in connection with
      a trustee's sale after default by the Mortgagor 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) Except by a written instrument that has been delivered to the
Purchaser as a part of the related Mortgage File with respect to any immaterial
releases of the Mortgaged Property, no Mortgage Loan has been satisfied,
canceled, subordinated, released or rescinded, in whole or in part, and the
related Mortgagor has not been released, in whole or in part, from its
obligations under any related Mortgage Loan document.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

            (22) As of the date of origination of the related Mortgage Loan,
and, as of the Closing Date, the Mortgaged Property is covered by insurance
policies providing the coverage described below and the Mortgage Loan documents
permit the mortgagee to require the coverage described below. All premiums with
respect to the Insurance Policies insuring each Mortgaged Property have been
paid in a timely manner or escrowed to the extent required by the Mortgage Loan
documents, and the Seller has not received (1) any notice of non payment of
premiums that has not been cured in a timely manner by the related Mortgagor or
(2) any notice of cancellation or termination of such Insurance Policies. The
relevant Servicing File contains the Insurance Policy required for such Mortgage
Loan or a certificate of insurance for such Insurance Policy. Each Mortgage
requires that the related Mortgaged Property and all improvements thereon are
covered by Insurance Policies providing (a) coverage in the amount of the lesser
of full replacement cost of such Mortgaged Property and the outstanding
principal balance of the related Mortgage Loan (subject to customary
deductibles) for 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 excavations,
underground utilities, foundations and footings) with an agreed amount
endorsement to avoid application of any coinsurance provision; such policies
contain a standard mortgage clause naming mortgagee and its successor in
interest as additional insureds or loss payee, as applicable; (b) business
interruption or rental loss insurance in an amount at least equal to (i) 12
months of operations or (ii) in some cases all rents and other amounts
customarily insured under this type of insurance of the Mortgaged Property; (c)
flood insurance (if any portion of the improvements on the Mortgaged Property is
located in an area identified by the Federal Emergency Management Agency
("FEMA"), with respect to certain Mortgage Loans and the Secretary of Housing
and Urban Development with respect to other Mortgage Loans, as having special
flood hazards) in an amount not less than amounts prescribed by FEMA; (d)
workers' compensation, if required by law; (e) comprehensive general liability
insurance in an amount consistent with the standard utilized by the Seller with
respect to loans it holds for its own account, but not less than $1 million; all
such Insurance Policies contain clauses providing they are not terminable and
may not be terminated without thirty (30) days prior written notice to the
mortgagee (except where applicable law requires a shorter period or except for
nonpayment of premiums, in which case not less than ten (10) days prior written
notice to the mortgagee is required). In addition, each Mortgage permits the
related mortgagee to make premium payments to prevent the cancellation thereof
and shall entitle such mortgagee to reimbursement therefor. Any insurance
proceeds in respect of a casualty loss or taking will be applied either to the
repair or restoration of all or part of the related Mortgaged Property or the
payment of the outstanding principal balance of the related Mortgage Loan
together with any accrued interest thereon. The related Mortgaged Property is
insured by an Insurance Policy, issued by an insurer meeting the requirements of
such Mortgage Loan and having a claims-paying or financial strength rating of at
least "A:VIII" (or, with respect to those Mortgage Loans with a principal
balance as of the Cut-off Date of $5,000,000 or less, "A-:VI") from A.M. Best
Company or "A" (or the equivalent) from Standard & Poor's Ratings Services,
Fitch, Inc. or Moody's Investors Service, Inc. An architectural or engineering
consultant has performed an analysis of each of the Mortgaged Properties located
in seismic zones 3 or 4 in order to evaluate the structural and seismic
condition of such property, for the sole purpose of assessing the probable
maximum loss ("PML") for the Mortgaged Property in the event of an earthquake.
In such instance, the PML was based on a return period of not less than 100
years, an exposure period of 50 years and a 10% probability of exceedence. If
the resulting report concluded that the PML would exceed 20% of the amount of
the replacement costs of the improvements, earthquake insurance on such
Mortgaged Property was obtained by an insurer rated at least "A:VIII" (or, with
respect to those Mortgage Loans with a principal balance as of the Cut-off Date
of $5,000,000 or less, "A-:VI") by A.M. Best Company or "A" (or the equivalent)
from Standard & Poor's Ratings Services, Fitch, Inc. or Moody's Investors
Service, Inc. To the Seller's actual knowledge, the insurer issuing each of the
foregoing insurance policies is qualified to write insurance in the jurisdiction
where the related Mortgaged Property is located.

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

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

            (25) The origination practices used by the Seller or, to its
knowledge, any prior holder of the related Mortgage Note with respect to such
Mortgage Loan have been in all material respects legal and have met customary
industry standards 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, in the aggregate,
more than 5% of the aggregate outstanding principal amount of all the mortgage
loans included in the Trust Fund have the same Mortgagor or, to the Seller's
knowledge, are to Mortgagors which are entities controlled by one another or
under common control.

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

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

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

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

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

            (35) In the event that a Mortgage Loan is secured by more than one
Mortgaged Property, then, in connection with a release of less than all of such
Mortgaged Properties, a Mortgaged Property may not be released as collateral for
the related Mortgage Loan unless, in connection with such release, an amount
equal to not less than 125% of the Allocated Loan Amount for such Mortgaged
Property is prepaid or, in the case of a defeasance, an amount equal to 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 applicable 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) If the related Mortgage or other Mortgage Loan documents
provide for a grace period for delinquent Monthly Payments, such grace period is
no longer than ten (10) days from the applicable payment date.

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

            (42) None of the Mortgage Loan documents contain any provision that
expressly excuses the related borrower from obtaining and maintaining insurance
coverage for acts of terrorism or, in circumstances where terrorism insurance is
not expressly required, the mortgagee is not prohibited from requesting that the
related borrower maintain such insurance, in each case, to the extent such
insurance coverage is generally available for like properties in such
jurisdictions at commercially reasonable rates. Each Mortgaged Property is
insured by 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, 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 Master
Servicer and discretionary (lender approved) capital expenditures.

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

            The term "in reliance on" shall mean that:

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

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

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

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

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

            The term "Permitted Encumbrances" shall mean:

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

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

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

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

            which together do not materially and adversely affect the related
      Mortgagor's ability to timely make payments on the related Mortgage Loan,
      which do not materially interfere with the benefits of the security
      intended to be provided by the related Mortgage or the use, for the use
      currently being made, the operation as currently being operated,
      enjoyment, value or marketability of such Mortgaged Property, provided,
      however, that, for the avoidance of doubt, Permitted Encumbrances shall
      exclude all pari passu, second, junior and subordinated mortgages but
      shall not exclude mortgages that secure Mortgage Loans or Companion 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 is
inaccurate based upon the Seller's reasonable inquiry and during the course of
such inquiry, no such officer, employee or agent of the Seller has obtained any
actual knowledge of any facts or circumstances that would cause such person to
believe that such representation or warranty was inaccurate. Furthermore, all
information contained in documents which are part of or required to be part of a
Mortgage File shall be deemed to be within the Seller's knowledge. For purposes
of these representations and warranties, the term "to the Seller's actual
knowledge" shall mean that 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>

                                    EXHIBIT C

                                  JPM 2006-LDP7

                                     CAPMARK

           EXCEPTIONS TO MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

Exception to representation 6

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             o   StorageMax ClintonII      An entity other than the mortgagor
                                           and mortgagee has rights to payments
                                           under a lease related to a cell tower
                                           located on the mortgaged property.

Exception to representation 7

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             o   Crowne Plaza Sawgrass     Certain portions of the Property are
             o   Wilshire Bundy Office     owned pursuant to easements.

Exception to representation 10

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             o   Kimco Columbia -          No individual or entity is fully
                 Hickory Ridge             liable for damages arising in the
             o   Kimco Columbia -          case of fraud or willful
                 Columbia Crossing         misrepresentation by the Mortgagor,
             o   Kimco Columbia -          misappropriation of rents, insurance
                 Dorsey's Village          proceeds, or condemnation awards and
             o   Kimco Columbia -          breaches of environmental covenants.
                 Harpers Choice
             o   Motorola Building
                 Campus

Exception to representation 12 and representation 35

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             o   Register American         Partial release is allowed, as set
                 Self-Storage              forth in the applicable Mortgage
             o   Hilton-                   Loan documents.
                 Lisle/Naperville
             o   Homeward Suites
                 Portfolio I
             o   Homeward Suites
                 Portfolio II
             o   Oklahoma City Portfolio
             o   One Ontario
             o   West Highland Shopping
                 Center
             o   Midstate Office
             o   Motorola Building
                 Campus

Exception to representation 14(a)

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             o   Linden Plaza              The Seller and/or its Agent has
             o   Bella Terra Retail        directly or indirectly advanced
                                           funds.

Exception to representation 16

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             Best Buy                      A nonconforming encroachment of .9
                                           feet exists on the Property.

                                           A certificate of occupancy has not
                                           been obtained. Certain other permits,
                                           licenses and/or inspections have yet
                                           to be obtained.

             Liberties Walk                Borrower does not possess final
                                           zoning certificates for Blocks I and
                                           II.

Exception to representation 17

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             All loans                     17(a): No representation is made
                                           with respect to water charges and
                                           sewer rents.

             o   One Ontario               No separate tax lot exists on these
             o   Rangeline Commercial      properties.
                 Park and Mini-Storage

Exception to representation 19

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             Sun Valley                    A recent fire has caused damage to
                                           the Property.

             o   Liberties Walk I and II   (a)(ii) Escrow for Immediate Repairs
             o   Victorian Square          was less than 100% of the estimated
                 Shopping Center           cost of the required repairs.
             o   Hampton Inn
             o   Crowne Plaza Sawgrass
                 Mills
             o   Homewood Suites
                 Portfolio #1
             o   Homewood Suites
                 Portfolio #2 (AVR)
             o   Self Storage of Walnut
                 Creek
             o   Wilshire Bundy Office
                 Building
             o   Coast Village Road
             o   Hilton Garden Inn
             o   McKendree Parking
                 Center
             o   Clinton Square
                 Shopping Center
             o   West Highland Shopping
                 Center
             o   333 Technology Drive
             o   Westmoreland Heights
                 Shopping Center
             o   Oklahoma City Portfolio
             o   The Village at
                 Cambridge Crossing
             o   StorageMax Northtown
             o   Crowne Plaza Hotel
                 Clark
             o   Residence Inn
                 Highlands Ranch
             o   Residence Inn - San
                 Diego
             o   Hilton Lisle/Naperville
             o   Columbia Crossing
             o   Harper's Choice
                 Village Center
             o   Motorola Buildings A,
                 B and D

Exception to representation 20

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             Huntington Beach              (c) Ground Lease provides that the
                                           foreclosure of the mortgage shall not
                                           require the consent or approval of
                                           the lessor and that the leasehold
                                           interest is further assignable by the
                                           mortgagee without a need to obtain
                                           the consent of the lessor provided
                                           that the conditions under the Ground
                                           Lease are satisfied.

             PennCom Plaza                 (a) The interest of the lessee may be
                                           encumbered by the leasehold mortgage
                                           provided that the Debt Service
                                           Coverage Test under the mortgage loan
                                           documents is met.

                                           (c) Other than in connection with a
                                           foreclosure by lender and assignment
                                           of the leasehold interest to the
                                           purchaser in foreclosure, the loan
                                           documents are silent as to whether
                                           the leasehold interest is further
                                           assignable by the lender and its
                                           successors and assigns upon notice to
                                           the lessor, but without a need to
                                           obtain the consent of such lessor.

                                           (d) The Ground lease does not provide
                                           that "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) The Ground Lease does not provide
                                           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 mortgage unless such notice of
                                           default has been given to such
                                           mortgagee."

             Bella Terra Retail            (c) Other than for transfers to
                                           lender or its affiliates,
                                           successors, or assigns in connection
                                           with a foreclosure sale or deed in
                                           lieu of foreclosure, Lessor's
                                           consent, which will not be
                                           unreasonably withheld, is required.

Exception to representation 21

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             o   Embassy Suites            (a) An environmental site assessment
                 Beachwood                 was not prepared within 12 months
             o   Walgreens (Apple          prior to the Closing Date.
                 Valley)

             o   Motorola Building         (d) There are limitations to the
                 Campus                    environmental indemnification
                                           agreement.

Exception to representation 22

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             o   Walgreens (Apple          The tenant is permitted to
                 Valley)                   self-insure, so no representation is
             o   Best Buy                  made for this loan.

             o   Linden Plaza              The WalMart tenant is permitted to
                                           self-insure, so no representation is
                                           made with respect to the portion of
                                           the Property consisting of the
                                           Wal-Mart lease for this loan.

             o   Citation Club             No representation is made with
             o   Cobblestone Village       respect to insurer ratings for this
             o   Jetro Building            loan.
             o   Kimco Columbia -
                 Hickory Ridge
             o   Kimco Columbia -
                 Columbia Crossing
             o   Kimco Columbia -
                 Dorsey's Village
             o   Kimco Columbia -
                 Harpers Choice

             o   Ramona Villa Estates      PML exceeds 20% and earthquake
                                           insurance was not obtained.

Exception to representation 26

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             Embassy Suites Benchwood      An inspection was not conducted
                                           within 12 months prior to the
                                           Closing Date.

Exception to representation 32

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             o   West Highland Shopping    Future mezzanine financing secured
                 Center                    by interests in the applicable
             o   Mountain View             borrower is permitted, provided the
             o   Hyatt Huntington Beach    conditions in the applicable Loan
                                           Agreement are satisfied.

             o   Oklahoma City             Mezzanine financing secured by
             o   Bella Terra Retail        interests in the applicable borrower
                                           exists.

             o   Linden Plaza              A second mortgage is permitted,
             o   333 Technology            without lender consent, provided the
                                           conditions in the applicable Loan
                                           Agreement are satisfied.

Exception to representation 37

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             o   Westmoreland Shopping     A legal non-conforming use exists on
                 Center                    each of these properties and the
             o   Cobblestone Village       other requirements of this
             o   Self Storage Walnut       representation are not met.
                 Creek
             o   Pacifico Del Amo MHP

Exception to representation 38

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             o   Bella Terra Retail        An affiliate of the Mortgage Loan
             o   Linden Plaza              Seller is obligated to make
                                           additional contributions.

Exception to representation 42

ID#          Mortgage Loan(s)              Description of Exception
--------------------------------------------------------------------------------
             o   Jetro Building            There are limitations on terrorism
             o   Heather Estates           insurance required to be provided as
             o   Homewood Suites           set forth in the related loan
                 Portfolio 1               documents.
             o   Homewood Suites
                 Portfolio 2
             o   Courtyard Marriott
                 Miami
             o   One Ontario
             o   Ramona Villa Estates
             o   Redwood Mobile Estates
             o   Oklahoma City Portfolio
             o   Residence Inn
                 Highlands Ranch
             o   Residence Inn San Diego
             o   PennCom Plaza
             o   Bella Terra Retail
             o   850-950 Corporetum
                 (Warrenville Road)
             o   550, 650 and 701
                 Warrenville Offices
             o   Hampton Inn
             o   Kimco Columbia -
                 Hickory Ridge
             o   Kimco Columbia -
                 Columbia Crossing
             o   Kimco Columbia -
                 Dorsey's Village
             o   Kimco Columbia -
                 Harpers Choice

<PAGE>

                                    EXHIBIT D
                          FORM OF OFFICER'S CERTIFICATE

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

            1. I have examined the Mortgage Loan Purchase Agreement, dated as of
June 1, 2006 (the "Agreement"), between the Company and J.P. Morgan Chase
Commercial Mortgage Securities Corp., and all of the representations and
warranties of the Company under the Agreement are true and correct in all
material respects on and as of the date hereof (or, in the case of any
particular representation or warranty set forth on Exhibit B to the Agreement,
as of such other date provided for in such representation or warranty) with the
same force and effect as if made on and as of the date hereof, subject to the
exceptions set forth in the Agreement.

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

            3. I have examined the information regarding the Mortgage Loans in
the Prospectus, dated June 23, 2006, as supplemented by the Prospectus
Supplement, dated June 23, 2006 (collectively, the "Prospectus"), relating to
the offering of the Class A-1, Class A-2, Class A-3A, Class A-3FL, Class A-3B,
Class A-4, Class A-SB, Class A-1A, Class A-M, Class A-J, Class X, Class B, Class
C, Class D and Class E Certificates, the Private Placement Memorandum, dated
June 23, 2006 (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 23, 2006
(together with the Privately Offered Certificate Private Placement Memorandum,
the "Private Placement Memoranda"), relating to the offering of the Class R and
Class LR Certificates, and nothing has come to my attention that would lead me
to believe that the Prospectus, as of the date of the Prospectus Supplement or
as of the date hereof, or the Private Placement Memoranda, as of the date of the
Private Placement Memoranda or as of the date hereof, included or includes any
untrue statement of a material fact relating to the Mortgage Loans or omitted or
omits to state therein a material fact necessary in order to make the statements
therein relating to the Mortgage Loans, in light of the circumstances under
which they were made, not misleading.

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

            IN WITNESS WHEREOF, I have signed my name this ___ day of June,
2006.

                                       By:____________________________________
                                          Name:
                                          Title:

<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.EXHIBIT 10.3

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

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

                                  PURCHASER

                      LASALLE BANK NATIONAL ASSOCIATION

                                    SELLER

                       MORTGAGE LOAN PURCHASE AGREEMENT

                           Dated as of June 1, 2006

                          Fixed Rate Mortgage Loans

                               Series 2006-LDP7

================================================================================
<PAGE>

            This Mortgage Loan Purchase Agreement (this "Agreement"), dated as
of June 1, 2006, is between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as purchaser (the "Purchaser"), and LaSalle Bank National Association, as
seller (the "Seller").

            Capitalized terms used in this Agreement not defined herein shall
have the meanings ascribed to them in the Pooling and Servicing Agreement dated
as of June 1, 2006 (the "Pooling and Servicing Agreement") among the Purchaser,
as depositor (the "Depositor"), Capmark Finance Inc. and Wachovia Bank, National
Association, as master servicers (each, a "Master Servicer"), LNR Partners,
Inc., as special servicer (the "Special Servicer"), Wells Fargo Bank, N.A., as
trustee (the "Trustee") and LaSalle Bank National Association, as paying agent
(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
(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
the Master Servicer and the Seller) all of its right, title, and interest in and
to the Mortgage Loans including all interest and principal received on or with
respect to the Mortgage Loans after the Cut-off Date (other than payments of
principal and interest first due on the Mortgage Loans on or before the Cut-off
Date). Upon the sale of the Mortgage Loans, the ownership of each related
Mortgage Note, the Mortgage and the other contents of the related Mortgage File
will be vested in the Purchaser and immediately thereafter the Trustee and the
ownership of records and documents with respect to the related Mortgage Loan
prepared by or which come into the possession of the Seller (other than the
records and documents described in the proviso to Section 3(a) hereof) shall
immediately vest in the Purchaser and immediately thereafter the Trustee. The
Seller's records will accurately reflect the sale of each Mortgage Loan to the
Purchaser. The Depositor will sell the Class A-1, Class A-2, Class A-3A, Class
A-3FL, Class A-3B, 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 (the "Underwriters") specified in the
underwriting agreement dated June 23, 2006 (the "Underwriting Agreement")
between the Depositor and J.P. Morgan Securities Inc. ("JPMSI") for itself and
as representative of the several underwriters identified therein, and the
Depositor will sell the Class 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, the initial purchaser (together with the Underwriters,
the "Dealers") specified in the certificate purchase agreement dated June 23,
2006 (the "Certificate Purchase Agreement"), between the Depositor and JPMSI for
itself and as representative of the initial purchasers identified therein.

            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 in immediately available funds the sum of $
(which amount is inclusive of accrued interest and exclusive of the Seller's pro
rata share of the costs set forth in Section 9 hereof). The purchase and sale of
the Mortgage Loans shall take place on the Closing Date.

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

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

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

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

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

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

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

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

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

            (c) if, during such period of time after the first date of the
public offering of the Offered Certificates as in the opinion of counsel for the
Underwriters, a prospectus relating to the Offered Certificates is required by
applicable law to be delivered in connection with sales thereof by an
Underwriter or a Dealer, any event shall occur as a result of which it is
necessary to amend or supplement the Prospectus Supplement, including Annexes
A-1, A-2, A-3 and B thereto and the Diskette included therewith, with respect to
any information relating to the Mortgage Loans or the Seller, in order to make
the statements therein, in the light of the circumstances when the Prospectus
Supplement is delivered to a purchaser, not misleading, or if it is necessary to
amend or supplement the Prospectus Supplement, including Annexes A-1, A-2, A-3
and B thereto and the Diskette included therewith, with respect to any
information relating to the Mortgage Loans or the Seller, to comply with
applicable law, the Seller shall do all things necessary to assist the Depositor
to prepare and furnish, at the expense of the Seller (to the extent that such
amendment or supplement relates to the Seller, the Mortgage Loans listed on
Exhibit A and/or any information relating to the same, as provided by the
Seller), to the Underwriters such amendments or supplements to the Prospectus
Supplement as may be necessary, so that the statements in the Prospectus
Supplement as so amended or supplemented, including Annexes A-1, A-2, A-3 and B
thereto and the Diskette included therewith, with respect to any information
relating to the Mortgage Loans or the Seller, will not, in the light of the
circumstances when the Prospectus is so amended or supplemented, be misleading
or so that the Prospectus Supplement, including Annexes A-1, A-2, A-3 and B
thereto and the Diskette included therewith, with respect to any information
relating to the Mortgage Loans or the Seller, will comply with applicable law.
All terms used in this clause (c) and not otherwise defined herein shall have
the meaning set forth in the Indemnification Agreement, dated as of June 23,
2006 between the Purchaser and the Seller (the "Indemnification Agreement"); and

            (d) for so long as the Trust is subject to the reporting
requirements of the Exchange Act, the Seller shall provide the Purchaser (or
with respect to any Serviced A2 Note or any Companion Loan that is deposited
into an Other Securitization or a Regulation AB Companion Loan Securitization,
the depositor in such Other Securitization or Regulation AB Companion Loan
Securitization) and the Trustee with any Additional Form 10-D Disclosure and any
Additional Form 10-K Disclosure set forth next to the Purchaser's name (only
with respect to disclosure related to Items 1117 or 1119 of Regulation AB) on
Schedule X and Schedule Y of the Pooling and Servicing Agreement within the time
periods set forth in the Pooling and Servicing Agreement.

            SECTION 6. Representations and Warranties.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

            To the extent that the Seller is required to repurchase or
substitute for a Crossed Loan hereunder in the manner prescribed above while the
Trustee continues to hold any other Crossed Loans in such Crossed Group, neither
the Seller nor the 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, as shall be necessary to vest in the Seller the legal and
beneficial ownership of each repurchased Mortgage Loan or replaced Mortgage
Loan, as applicable, (ii) the Purchaser shall deliver, or cause the delivery, to
the Seller of all portions of the Mortgage File and other documents (including
the Servicing File) pertaining to such Mortgage Loan possessed by the Trustee,
or on the Trustee's behalf, and (iii) the Purchaser shall release, or cause to
be released, to the Seller any escrow payments and reserve funds held by the
Trustee, or on the Trustee's behalf, in respect of such repurchased or replaced
Mortgage Loans.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

            SECTION 9. Expenses. The Seller will pay its pro rata share (the
Seller's pro rata portion to be determined according to the percentage that the
aggregate principal balance as of the Cut-off Date of all the Mortgage Loans
represents 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 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, the Memoranda (as defined in the Indemnification
Agreement) and any related 8-K Information (as defined in the Underwriting
Agreement), or items similar to the 8-K Information, including the cost of
obtaining any "comfort letters" with respect to such items; (v) the costs and
expenses in connection with the qualification or exemption of the Certificates
under state securities or blue sky laws, including filing fees and reasonable
fees and disbursements of counsel in connection therewith; (vi) the costs and
expenses in connection with any determination of the eligibility of the
Certificates for investment by institutional investors in any jurisdiction and
the preparation of any legal investment survey, including reasonable fees and
disbursements of counsel in connection therewith; (vii) the costs and expenses
in connection with printing (or otherwise reproducing) and delivering the
Registration Statement, Prospectus and Memoranda, and the reproduction and
delivery of this Agreement and the furnishing to the Underwriters of such copies
of the Registration Statement, Prospectus, Memoranda and this Agreement as the
Underwriters may reasonably request; (viii) the fees of the rating agency or
agencies requested to rate the Certificates and (ix) the reasonable fees and
expenses of Thacher Proffitt & Wood LLP, counsel to the Underwriters, and
Cadwalader, Wickersham & Taft LLP, counsel to the Depositor.

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

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

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

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

            SECTION 14. Notices. All demands, notices and communications
hereunder shall be in writing and shall be deemed to have been duly given upon
receipt by the intended recipient if personally delivered at or couriered, sent
by facsimile transmission or mailed by first class or registered mail, postage
prepaid, to (i) in the case of the Purchaser, J.P. Morgan Chase Commercial
Mortgage Securities Corp., 270 Park Avenue, New York, New York 10017, Attention:
Dennis Schuh, fax number (212) 834 6593 with a copy to Bianca Russo, fax number
(212) 834 6593, (ii) in the case of the Seller, LaSalle Bank National
Association, 135 South LaSalle Street, Suite 3410, Chicago, Illinois 60603,
Attention: Brian Fetterolf, fax number: (312) 904-0900, with a copy to LaSalle
Bank Corporation, Legal Department, 135 South LaSalle Street, Suite 925,
Chicago, Illinois 60603, Attention: Marlene L. Ellis, Counsel, telecopy number:
(312) 904-2340, and (iii) in the case of any of the preceding parties, such
other address or fax number as may hereafter be furnished to the other party in
writing by such party.

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

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

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

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

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

                                   * * * * * *

<PAGE>

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

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

                                       By: /s/ Charles Y. Lee
                                          ------------------------------------
                                          Name:  Charles Y. Lee
                                          Title: Vice President

                                       LASALLE BANK NATIONAL ASSOCIATION, as
                                          Seller

                                       By: /s/ Brian S. Fetterolf
                                          ------------------------------------
                                          Name:  Brian S. Fetterolf
                                          Title: V.P., Director of Structured
                                                 Products

<PAGE>

                                    EXHIBIT A

                             MORTGAGE LOAN SCHEDULE

<TABLE>
<CAPTION>
Loan #    Mortgagor Name
-------   ------------------------------------------------------------------------------------
<S>       <C>
11        NNN 411 East Wisconsin, LLC; NNN 411 East Wisconsin (2-7,9-12,14-26,28-36), LLC
13        Ari-Shoreview Corporate Center, LLC
15        ARI-Powers Ferry Office Park, LLC
17        MECW, LLC
17.01     MECW, LLC
17.02     MECW, LLC
17.03     MECW, LLC
17.04     MECW, LLC
29        Inland Western Sugar Land Colony Limited Partnership
34        Westgate Investors, LLC
44        Vista Investments, LLC
45        Coral Palms Naples Apartments LLC
50        Craig Crossing 1031, L.L.C.
52        CLF Greenway Drive Lawrence, LLC and CLF Noria Road Lawrence LLC
54        DIBH Rambler's Rest, LLC; Rambler's Rest, LLC
69        Olivet Church 1031, L.L.C.
71        176 Holdings, LLC
81        Gaslamp Village, L.P.
86        Knoxville Hotel Hospitality, LLC
90        MillRoc Portsmouth NH, LLC
95        Fiesta Grande RV I, LLC and Fiesta Grande RV II, LLC
96        Galleria Apartments, LLC
106       Green Bay Office, LLC
107       DC Venture, LLC
115       Temehqula Enterprises, L.P.
116       Sentry Office Building DBT
117       Poquoson Commons Retail Investors LLC
119       Colony Mobile Home Park, L.P.; Tropical - Dull, LLC; 1440 Amsterdam Realty Co., LLC
121       Deerbrook Corner Investors, Ltd.
122       IC U.S.A. No. 11 Property Limited Partnership
123       G.F.C. Encino Associates, LLC
124       Camellia Tower, L.L.C.
125       2025 Frontis Plaza, LLC; Frontis TIC (1-9), LLC
127       DIHV Venture In, LLC and Venture In RV-MHC, LLC
133       Kapree Trinity, LLC
137       Pacific Ridgecrest, LLC
138       Cedar Creek Mall Properties, LLC
146       Signature Center, L.P.
151       Chanhassen Letsos LLC
152       Fairwind Apts. LP
156       Omkar Enterprises Pearland, LP
159       Capri RV, LLC
160       Beckman/Lomas, LLC
161       Mary Oak Plaza, L.C.
162       Arbaugh Lessor LLC
165       Inlet Oaks MHP, LLC
166       CDG-Town Center, LLC
173       Brighton Park Apartments 1, LLC
174       Meadowbrook Professional Plaza, LLC, Keren Properties 8 LLC
176       RR Hotel Investment, Ltd.
192       Cypresswood Apartments, L.L.C.
198       Inland Western Hellertown Main Street DST
199       Inland Western Lebanon 9th Street DST
200       Nolan Ridge Apartments LLC
202       Inland Western Punxsutawney Mahoning Street DST
205       Neshonoc, LLC
206       ARG Lake Lawrence LLC
207       Land Trust Service Corporation and CV Partners of Orlando Family Limited Partnership
209       Yorba Linda Shops, LLC
210       Broadway Crossing, LLC
211       Riverwind Investments, LLC
213       Plaza 18, L.P.
216       EMF Properties Georgia, LLC
222       Colony 2006, LP
224       Beauregard Village Apartments, LLC
225       Maino Storage No. 2, L.L.C.
226       Maino Storage No. 1, L.L.C.
227       Foothills West RV, LLC
231       Casita Verde RV, LLC
233       Casa Grande-Southwick Apartments, LLC
233.01
233.02
236       Talon-Safeway LP
238       224 HM Group I, LLC; 224 HM Private Investor (I-XV), LLC; 224 HM Master Lessee, LLC
240       9075 SM, LLC
241       Center Point Business Park L.P.
245       Little Chief Minit Markets, Inc.
245.01
245.02
251       Green Pastures, Inc.
255       Rinkoff Rice Village, L.P.
256       Gallacher Enterprises, L.C.
257       GHL2, LLC
258       Parasol Properties, L.P.
259       Heard and Heard Two, LLP
260       Kingsridge Park, LLC
261       Summit Downtown Partners, L.L.C.
262       AMA Camp Bowie, Ltd.
263       VDN Azle, LP
265       D & K Management II, LLC
267       Northridge Square, LLC
268       Houston Towers LLC

<CAPTION>
Loan #    Property Address                                                                 City               State   Zip Code
-------   ------------------------------------------------------------------------------   ----------------   -----   --------
<S>       <C>                                                                              <C>                <C>     <C>
11        411 East Wisconsin                                                               Milwaukee          WI         53202
13        4000 Lexington Avenue, 1005 Gramsie Road and 1020, 1050 and 1080 County Road F   Shoreview          MN         55126
15        6151, 6190 & 6201 Powers Ferry Road                                              Atlanta            GA         30339
17        Various                                                                          Various            MO      Various
17.01     One Corporate Woods Drive                                                        Bridgeton          MO         63044
17.02     3100 Corporate Exchange Court                                                    Bridgeton          MO         63044
17.03     10850-62 Metro Court                                                             Maryland Heights   MO         63043
17.04     10876-88 Metro Court                                                             Maryland Heights   MO         63043
29        16510-16762 Southwest Freeway                                                    Sugar Land         TX         77479
34        8800 Veterans Memorial Boulevard                                                 Metairie           LA         70003
44        1333 Main Street and 1301-1331 Academy Street                                    Columbia           SC         29201
45        4539 Coral Palms Lane                                                            Naples             FL         34116
50        3190 South Central Expressway                                                    McKinney           TX         75070
52        2201 Noria Road & 3833 Greenway                                                  Lawrence           KS         66046
54        1300 North River Road                                                            Venice             FL         34293
69        5191 Hinkleville Road                                                            Paducah            KY         42001
71        176 Federal Street                                                               Boston             MA         02110
81        660 G Street                                                                     San Diego          CA         92101
86        216 Peregrine Way                                                                Knoxville          TN         37922
90        99 Durgin Lane                                                                   Portsmouth         NH         03801
95        1511 East Florence Boulevard                                                     Casa Grande        AZ         85222
96        10011 South Sheridan Road                                                        Tulsa              OK         74133
106       2737 South Ridge Road                                                            Green Bay          WI         54304
107       46-900 Monroe Street                                                             Indio              CA         92201
115       751 Macadamia Drive                                                              Carlsbad           CA         92011
116       4400 East 53rd Street                                                            Davenport          IA         52807
117       425 Wythe Creek Road                                                             Poquoson           VA         23662
119       17100 Tamiami Trail                                                              Punta Gorda        FL         33955
121       20050 Highway 59 North                                                           Humble             TX         77338
122       6402-6442 South Yakima Avenue                                                    Tacoma             WA         98408
123       15945 Ventura Boulevard                                                          Encino             CA         91436
124       1200 Camellia Boulevard                                                          Lafayette          LA         70508
125       2025 Frontis Plaza Boulevard                                                     Winston Salem      NC         27103
127       270 North Clark Road                                                             Show Low           AZ         85901
133       7990 Trinity Road                                                                Cordova            TN         38018
137       13594 Highway 8 Business                                                         Lakeside           CA         92040
138       400 Southwest Ward Road                                                          Lee's Summit       MO         64081
146       1900 Church Street                                                               Nashville          TN         37203
151       600 West 79th Street                                                             Chanhassen         MN         55317
152       15900 Space Center Boulevard                                                     Houston            TX         77062
156       6515 Broadway Street                                                             Pearland           TX         77581
159       3380 South 4th Avenue                                                            Yuma               AZ         85365
160       505 Lomas Santa Fe Drive                                                         Solana Beach       CA         92075
161       4835 West Wendover Avenue                                                        Jamestown          NC         27282
162       401 South Washington Square                                                      Lansing            MI         48933
165       5353 US Highway 17                                                               Murrells Inlet     SC         29576
166       2900 George Busbee Parkway                                                       Kennesaw           GA         30144
173       401-533 Brighton Park Drive                                                      Greenville         NC         27834
174       100 West University Drive                                                        Rochester          MI         48307
176       110 Dell Way                                                                     Round Rock         TX         78664
192       564 Cypress Lane                                                                 Greenville         MS         38701
198       110 Main Street                                                                  Hellertown         PA         18055
199       415 South Ninth Street                                                           Lebanon            PA         17042
200       1012 Hidden Creek Drive NE                                                       Keizer             OR         97303
202       201 West Mahoning Street                                                         Punxsutawny        PA         15767
205       N5334 Neshonoc Road                                                              West Salem         WI         54669
206       2542 Brunswick Pike                                                              Lawrenceville      NJ         08648
207       5475 West Irlo Bronson Memorial Highway                                          Kissimmee          FL         34746
209       17401 Bastanchury Road                                                           Yorba Linda        CA         92886
210       3213 & 3231 Main Street                                                          Bryant             AR         72022
211       5900 Kraeger Lane                                                                Newburgh           IN         47630
213       1800 Church Street                                                               Nashville          TN         37203
216       11332-11346 Tara Boulevard                                                       Lovejoy            GA         30228
222       4403 State Highway 6                                                             Sugar Land         TX         77478
224       101 Mount Salus Road                                                             Clinton            MS         39056
225       14015 Florida Boulevard                                                          Baton Rouge        LA         70819
226       12850 Florida Boulevard                                                          Baton Rouge        LA         70815
227       19501 West Hopi Drive                                                            Casa Grande        AZ         85222
231       2200 North Trekell Road                                                          Casa Grande        AZ         85222
233       Various                                                                          Jackson            MS         39212
233.01    3603 Terry Road                                                                  Jackson            MS         39212
233.02    1055 Harrisdale Lane                                                             Jackson            MS         39212
236       1442 North Church Street                                                         McKinney           TX         75069
238       224 First Street North                                                           Alabaster          AL         35007
240       9075-9077 Santa Monica Boulevard                                                 West Hollywood     CA         90069
241       1331 East US Highway 80                                                          Mesquite           TX         75150
245       Various                                                                          Texas City         TX         77590
245.01    1403 25th Street North                                                           Texas City         TX         77590
245.02    2410 24th Street North                                                           Texas City         TX         77590
251       303-307 New Natchitoches Road                                                    West Monroe        LA         71292
255       2445 Times Boulevard                                                             Houston            TX         77005
256       1940 Nightingale Lane                                                            Tavares            FL         32778
257       9880 Main Street                                                                 Woodstock          GA         30189
258       216 South Moss Street                                                            Seguin             TX         78155
259       2830 North Main Street                                                           Columbia           SC         29201
260       1432 Dunbar Road                                                                 Byron              GA         31008
261       9-13 Elm Street                                                                  Westfield          NJ         07090
262       4603-4605 Camp Bowie Boulevard                                                   Fort Worth         TX         76107
263       705 Boyd Road                                                                    Azle               TX         76020
265       3535 Weeden Creek Road                                                           Sheboygan          WI         53081
267       8290 Roswell Road                                                                Atlanta            GA         30350
268       12015 Perry Road                                                                 Houston            TX         77070

<CAPTION>
Loan #    County             Property Name                        Size     Measure       Interest Rate (%)
-------   ----------------   ----------------------------------   ------   -----------   -----------------
<S>       <C>                <C>                                  <C>      <C>           <C>
11        Milwaukee          411 East Wisconsin                   654948   Square Feet             5.45000
13        Ramsey             Shoreview Corporate Center           552927   Square Feet             5.74500
15        Fulton             Powers Ferry Landing East            393533   Square Feet             5.85000
17        Saint Louis        K-V Pharmaceutical Portfolio         696719   Square Feet             5.90500
17.01     Saint Louis        One Corporate Woods Drive            315000   Square Feet             5.90500
17.02     Saint Louis        3100 Corporate Exchange Court        259988   Square Feet             5.90500
17.03     Saint Louis        10850-62 Metro Court                  40786   Square Feet             5.90500
17.04     Saint Louis        10876-88 Metro Court                  80945   Square Feet             5.90500
29        Fort Bend          Inland - Colony Square               237208   Square Feet             4.84200
34        Jefferson          Westgate Plaza Shopping Center       212067   Square Feet             5.55000
44        Richland           1333 Main Street & Vista Center      218202   Square Feet             5.70000
45        Collier            Coral Palms Apartments                  288   Units                   6.18000
50        Collin             Inland - Craig Crossing              128394   Square Feet             5.34000
52        Douglas            Pearson PLC Building - Lawrence      195000   Square Feet             5.84000
54        Sarasota           ELS - Rambler's Rest Resort             647   Pads                    5.70000
69        McCracken          Inland Olivet Church                 165734   Square Feet             5.33000
71        Suffolk            176 Federal Street                    75400   Square Feet             6.39000
81        San Diego          Comfort Inn - Gaslamp                   103   Rooms                   6.67000
86        Knox               Hilton Garden Inn - Knoxville           118   Rooms                   5.76000
90        Rockingham         Hampton Inn Portsmouth                  128   Rooms                   6.07000
95        Pinal              ELS - Fiesta Grande I & II              767   Pads                    5.71000
96        Tulsa              Galleria Apartments                     256   Units                   6.43500
106       Brown              HSA-Green Bay                        108222   Square Feet             5.93000
107       Riverside          Desert Courtyards                     25640   Square Feet             5.62000
115       San Diego          Ramada Inn - Carlsbad                   121   Rooms                   6.67000
116       Scott              Inland - Sentry Office Building       73226   Square Feet             5.98500
117       York               Poquoson Commons                      63248   Square Feet             6.17000
119       Charlotte          ELS - Tropical Palms                    296   Pads                    5.71000
121       Harris             Deerbrook SC                          83308   Square Feet             5.97000
122       Pierce             Yakima Avenue Plaza Retail            86957   Square Feet             5.95000
123       Los Angeles        Marshall's - Encino                   35000   Square Feet             5.86000
124       Lafayette          Camellia Tower Office Building        51395   Square Feet             5.83000
125       Forsyth            Greystone Professional Center         42889   Square Feet             5.97000
127       Navajo             ELS - Venture In                        390   Pads                    5.72000
133       Shelby             Trinity Place                         49781   Square Feet             5.73000
137       San Diego          Ridgecrest MHP                           91   Pads                    6.04000
138       Jackson            Cedar Creek Mall                      70911   Square Feet             5.92000
146       Davidson           Signature Center                      50235   Square Feet             5.57000
151       Carver             Walgreen's - Chanhassen, MN           15000   Square Feet             5.56000
152       Harris             Fairwind Apartments                     144   Units                   6.44000
156       Brazoria           Hampton Inn - Pearland, TX               61   Rooms                   5.98000
159       Yuma               ELS - Capri MHC & RV                    300   Pads                    5.71000
160       San Diego          Lomas Santa Fe Office                 21063   Square Feet             5.51000
161       Guilford           Wendover Square at James Landing      67030   Square Feet             5.77000
162       Ingham             The Arbaugh Redevelopment                48   Units                   5.66000
165       Georgetown         ELS - Inlet Oaks Village                175   Pads                    5.71000
166       Cobb               Suburban Extended Stay - Kennesaw       148   Rooms                   6.87000
173       Pitt               Brighton Park Apartments                144   Units                   5.37000
174       Oakland            Meadowbrook Professional Plaza        35267   Square Feet             5.84000
176       Williamson         Hampton Inn Austin-Round Rock            93   Rooms                   5.94500
192       Washington         Cypresswood Apartments                  122   Units                   6.12000
198       Northampton        Inland Eckerds - Hellertown           13813   Square Feet             5.02000
199       Lebanon            Inland Eckerds - Lebanon              13813   Square Feet             5.02000
200       Marion             Nolan Ridge Apartments                   64   Units                   6.00000
202       Jefferson          Inland Eckerds - Punxsutawny          13824   Square Feet             5.02000
205       La Crosse          Neshonoc Lakeside RV Resort             240   Pads                    6.05000
206       Mercer             Lake Lawrenceville Shopping Center    19976   Square Feet             6.43000
207       Osceola            Caribbean Village                     20750   Square Feet             6.28000
209       Orange             The Center on Bastanchury              8997   Square Feet             5.51000
210       Saline             Broadway Crossing                     30700   Square Feet             5.95000
211       Warrick            Riverwind Apartments                    150   Units                   6.20000
213       Davidson           Plaza 18                              33501   Square Feet             5.57000
216       Clayton            Lovejoy Commons                       17490   Square Feet             6.24300
222       Fort Bend          Colony Place                          14050   Square Feet             6.22100
224       Hinds              Beauregard Apartments                    72   Units                   6.05000
225       East Baton Rouge   Discount Storage                        387   Units                   5.96000
226       East Baton Rouge   Sunbelt Storage                         569   Units                   5.94000
227       Pinal              ELS - Foothills West                    192   Pads                    5.72000
231       Pinal              ELS - Casita Verde                      192   Pads                    5.71000
233       Hinds              Casa Grande & Southwick Apartments      117   Units                   6.05000
233.01    Hinds              Casa Grande Apartments                   89   Units                   6.05000
233.02    Hinds              Southwick Apartments                     28   Units                   6.05000
236       Collin             Safeway Self Storage                    377   Units                   6.61000
238       Shelby             Hillside Medical Office               16166   Square Feet             6.37000
240       Los Angeles        The Lobby                              5427   Square Feet             6.43500
241       Dallas             Center Point Business Park            73971   Square Feet             6.36000
245       Galveston          Parkwood / Lakewood Apartments          216   Units                   6.00000
245.01    Galveston          Parkwood Apartments                     128   Units                   6.00000
245.02    Galveston          Lakewood Apartments                      88   Units                   6.00000
251       Ouachita           Morning Meadow                          381   Units                   6.14000
255       Harris             Rinkoff Rice Village                   6975   Square Feet             6.41500
256       Lake               Best American Self Storage              320   Units                   6.35000
257       Cherokee           Napa Retail Center                    14000   Square Feet             6.17000
258       Guadalupe          Pecan Villa Apartments                   48   Units                   6.20000
259       Richland           Columbia Self Storage                   420   Units                   6.18000
260       Houston            Kingsridge Park                         108   Pads                    6.21000
261       Union              Elm Street Mixed Use                   5100   Square Feet             5.93000
262       Tarrant            Fort Worth Retail                      4701   Square Feet             5.77000
263       Tarrant            Walgreens - Azle, TX                  14820   Square Feet             5.52000
265       Sheboygan          Penske Truck Leasing                   9331   Square Feet             6.02000
267       Fulton             Northridge Square                     12431   Square Feet             6.39000
268       Harris             Woodedge Shopping Center               8646   Square Feet             6.26000

<CAPTION>
Loan #    Net Mortgage Interest Rate   Original Balance   Cutoff Balance   Term   Rem. Term   Maturity/ARD Date   Amort. Term
-------   --------------------------   ----------------   --------------   ----   ---------   -----------------   -----------
<S>       <C>                          <C>                <C>              <C>    <C>         <C>                 <C>
11                           5.41945         72,000,000       72,000,000    111         111   09/01/15                    360
13                           5.72445         54,770,000       54,770,000     96          91   01/01/14                    360
15                           5.78945         50,000,000       50,000,000     84          78   12/01/12                    360
17                           5.88445         43,000,000       42,708,177    180         178   04/01/21                    180
17.01                                        16,750,650       16,636,970    180         178                               180
17.02                                        16,750,650       16,636,970    180         178                               180
17.03                                         6,312,400        6,269,560    180         178                               180
17.04                                         3,186,300        3,164,676    180         178                               180
29                           4.82145         25,488,000       25,488,000     60          60   06/01/11                      0
34                           5.52945         22,400,000       22,280,867    120         115   01/01/16                    360
44                           5.63945         19,000,000       19,000,000    120         118   04/01/16                    360
45                           6.15945         18,650,000       18,650,000    120         119   05/01/16                    360
50                           5.31945         16,600,000       16,600,000     84          81   03/01/13                      0
52                           5.81945         16,025,000       16,025,000    120         119   05/01/16                    360
54                           5.67945         15,650,000       15,650,000    120         118   04/01/16                    360
69                           5.30945         12,510,000       12,510,000     84          82   04/01/13                      0
71                           6.36945         12,475,000       12,475,000     60          60   06/01/11                    360
81                           6.64945         10,875,000       10,875,000    120         120   06/01/16                    300
86                           5.73945         10,400,000       10,400,000    120         119   05/01/16                    360
90                           6.04945         10,000,000        9,981,990    120         118   04/01/16                    360
95                           5.68945          9,500,000        9,500,000    120         118   04/01/16                    360
96                           6.41445          9,500,000        9,484,256    120         118   04/01/16                    360
106                          5.90945          8,700,000        8,700,000    120         118   04/01/16                    360
107                          5.59945          8,600,000        8,600,000    120         119   05/01/16                    360
115                          6.64945          7,725,000        7,725,000    120         120   06/01/16                    300
116                          5.96445          7,600,000        7,600,000     84          83   05/01/13                      0
117                          6.14945          7,600,000        7,600,000    120         120   06/01/16                    360
119                          5.68945          7,500,000        7,500,000    120         118   04/01/16                    360
121                          5.85945          7,400,000        7,400,000    120         118   04/01/16                    360
122                          5.92945          7,250,000        7,250,000    120         118   04/01/16                    360
123                          5.83945          7,000,000        6,986,789    120         118   04/01/16                    360
124                          5.80945          6,800,000        6,800,000    120         119   05/01/16                    360
125                          5.94945          6,785,000        6,779,332    120         119   05/01/16                    360
127                          5.69945          6,690,000        6,690,000    120         119   05/01/16                    360
133                          5.70945          6,450,000        6,450,000    120         118   04/01/16                    360
137                          6.01945          6,319,852        6,314,439    113         112   10/01/15                    354
138                          5.84945          6,160,000        6,160,000    120         119   05/01/16                    360
146                          5.54945          5,800,000        5,800,000    120         118   04/01/16                    360
151                          5.53945          5,400,000        5,389,118    120         118   04/01/16                    360
152                          6.41945          5,340,000        5,331,160    120         118   04/01/16                    360
156                          5.88945          5,100,000        5,093,465    120         119   05/01/16                    300
159                          5.68945          5,000,000        5,000,000    120         118   04/01/16                    360
160                          5.48945          5,000,000        5,000,000    120         119   05/01/16                    360
161                          5.69945          5,000,000        5,000,000    120         118   04/01/16                    360
162                          5.63945          5,000,000        4,993,185     84          83   05/01/13                    300
165                          5.68945          4,875,000        4,875,000    120         118   04/01/16                    360
166                          6.77945          4,875,000        4,869,787    120         119   05/01/16                    300
173                          5.34945          4,500,000        4,470,730    120         114   12/01/15                    360
174                          5.81945          4,440,000        4,440,000    120         116   02/01/16                    360
176                          5.87445          4,400,000        4,394,323    120         119   05/01/16                    300
192                          6.06945          3,600,000        3,600,000    120         118   04/01/16                    360
198                          4.99945          3,400,000        3,400,000     60          60   06/01/11                      0
199                          4.99945          3,400,000        3,400,000     60          60   06/01/11                      0
200                          5.92945          3,400,000        3,397,182    120         119   05/01/16                    360
202                          4.99945          3,322,000        3,322,000     60          60   06/01/11                      0
205                          6.02945          3,120,000        3,120,000    120         118   04/01/16                    348
206                          6.35945          3,098,000        3,098,000    120         120   06/01/16                    360
207                          6.20945          3,100,000        3,094,676     60          58   04/01/11                    360
209                          5.48945          3,000,000        2,997,182    120         119   05/01/16                    360
210                          5.92945          2,900,000        2,900,000    120         118   04/01/16                    360
211                          6.17945          2,880,000        2,872,415    120         118   04/01/16                    300
213                          5.54945          2,800,000        2,800,000    120         118   04/01/16                    360
216                          6.22245          2,660,000        2,655,393    120         118   04/01/16                    360
222                          6.14045          2,435,000        2,433,097    120         119   05/01/16                    360
224                          5.99945          2,400,000        2,393,512    120         118   04/01/16                    300
225                          5.93945          2,375,000        2,368,479    120         118   04/01/16                    300
226                          5.91945          2,375,000        2,368,456    120         118   04/01/16                    300
227                          5.69945          2,325,000        2,325,000    120         118   04/01/16                    360
231                          5.68945          2,250,000        2,250,000    120         118   04/01/16                    360
233                          5.99945          2,212,000        2,206,020    120         118   04/01/16                    300
233.01                                        1,528,431        1,524,299    120         118                               300
233.02                                          683,569          681,722    120         118                               300
236                          6.58945          2,180,000        2,180,000    120         120   06/01/16                    360
238                          6.31945          2,100,000        2,100,000    120         119   05/01/16                    360
240                          6.41445          2,000,000        1,998,527    120         119   05/01/16                    360
241                          6.28945          2,000,000        1,998,496    120         119   05/01/16                    360
245                          5.97945          1,900,000        1,887,216    180         178   04/01/21                    180
245.01                                        1,180,063        1,172,123    180         178                               180
245.02                                          719,937          715,093    180         178                               180
251                          6.11945          1,670,000        1,667,039    120         118   04/01/16                    360
255                          6.30445          1,555,000        1,552,411    120         118   04/01/16                    360
256                          6.32945          1,500,000        1,498,214    120         119   05/01/16                    300
257                          6.09945          1,500,000        1,497,359    120         118   04/01/16                    360
258                          6.08945          1,460,000        1,457,447    120         118   04/01/16                    360
259                          6.15945          1,410,000        1,406,274    120         118   04/01/16                    300
260                          6.18945          1,400,000        1,398,903    120         119   05/01/16                    360
261                          5.90945          1,400,000        1,397,398    120         118   04/01/16                    360
262                          5.74945          1,400,000        1,397,305    120         118   04/01/16                    360
263                          5.49945          1,350,000        1,350,000    120         117   03/01/16                      0
265                          5.99945          1,325,000        1,321,399    120         118   04/01/16                    300
267                          6.35945          1,300,000        1,297,823    120         118   04/01/16                    360
268                          6.23945          1,295,000        1,293,999    120         119   05/01/16                    360

<CAPTION>
Loan #    Rem. Amort.   Monthly Debt Service   Servicing Fee Rate   Accrual Type   ARD (Y/N)
-------   -----------   --------------------   ------------------   ------------   ---------
<S>       <C>           <C>                    <C>                  <C>            <C>
11                360                406,552                        Actual/360     No
13                360                319,449                        Actual/360     No
15                360                294,970                        Actual/360     No
17                178                360,655                        Actual/360     No
17.01             178
17.02             178
17.03             178
17.04             178
29                  0                102,844                        30/360         No
34                355                127,888                        Actual/360     No
44                360                110,276                        Actual/360     No
45                360                113,984                        Actual/360     No
50                  0                 73,870                        30/360         Yes
52                360                 94,436                        Actual/360     No
54                360                 90,833                        Actual/360     No
69                  0                 55,565                        30/360         Yes
71                360                 77,950                        Actual/360     No
81                300                 74,588                        Actual/360     No
86                360                 60,758                        Actual/360     No
90                358                 60,406                        Actual/360     No
95                360                 55,198                        Actual/360     No
96                358                 59,641                        Actual/360     No
106               360                 51,770                        Actual/360     No
107               360                 49,479                        Actual/360     No
115               300                 52,983                        Actual/360     No
116                 0                 37,905                        30/360         Yes
117               360                 46,400                        Actual/360     No
119               360                 43,578                        Actual/360     No
121               360                 44,224                        Actual/360     No
122               360                 43,235                        Actual/360     No
123               358                 41,341                        Actual/360     No
124               360                 40,029                        Actual/360     No
125               359                 40,549                        Actual/360     No
127               360                 38,914                        Actual/360     No
133               360                 37,559                        Actual/360     No
137               353                 38,283                        Actual/360     No
138               360                 36,616                        Actual/360     No
146               360                 33,187                        Actual/360     No
151               358                 30,864                        Actual/360     No
152               358                 33,542                        Actual/360     No
156               299                 32,797                        Actual/360     No
159               360                 29,052                        Actual/360     No
160               360                 28,421                        Actual/360     No
161               360                 29,242                        Actual/360     No
162               299                 31,184                        Actual/360     No
165               360                 28,325                        Actual/360     No
166               299                 34,052                        Actual/360     No
173               354                 25,185                        Actual/360     No
174               360                 26,165                        Actual/360     No
176               299                 28,202                        Actual/360     No
192               360                 21,862                        Actual/360     No
198                 0                 14,223                        30/360         No
199                 0                 14,223                        30/360         No
200               359                 20,385                        Actual/360     No
202                 0                 13,897                        30/360         No
205               348                 19,038                        Actual/360     No
206               360                 19,439                        Actual/360     No
207               358                 19,148                        Actual/360     No
209               359                 17,053                        Actual/360     No
210               360                 17,294                        Actual/360     No
211               298                 18,910                        Actual/360     No
213               360                 16,021                        Actual/360     No
216               358                 16,366                        Actual/360     No
222               359                 14,947                        Actual/360     No
224               298                 15,537                        Actual/360     No
225               298                 15,244                        Actual/360     No
226               298                 15,215                        Actual/360     No
227               360                 13,524                        Actual/360     No
231               360                 13,073                        Actual/360     No
233               298                 14,320                        Actual/360     No
233.01            298
233.02            298
236               360                 13,937                        Actual/360     No
238               360                 13,094                        Actual/360     No
240               359                 12,556                        Actual/360     No
241               359                 12,458                        Actual/360     No
245               178                 16,033                        Actual/360     No
245.01            178
245.02            178
251               358                 10,163                        Actual/360     No
255               358                  9,742                        Actual/360     No
256               299                  9,988                        Actual/360     No
257               358                  9,158                        Actual/360     No
258               358                  8,942                        Actual/360     No
259               298                  9,240                        Actual/360     No
260               359                  8,584                        Actual/360     No
261               358                  8,331                        Actual/360     No
262               358                  8,188                        Actual/360     No
263                 0                  6,296                        Actual/360     No
265               298                  8,553                        Actual/360     No
267               358                  8,123                        Actual/360     No
268               359                  7,982                        Actual/360     No

<CAPTION>
Loan #   ARD Step Up (%)                                                              Title Type      Crossed Loan
------   --------------------------------------------------------------------------   -------------   ------------
<S>      <C>                                                                          <C>             <C>
11                                                                                    Fee
13                                                                                    Fee
15                                                                                    Fee
17                                                                                    Fee/Leasehold
17.01                                                                                 Leasehold
17.02                                                                                 Fee
17.03                                                                                 Leasehold
17.04                                                                                 Leasehold
29                                                                                    Fee
34                                                                                    Fee
44                                                                                    Fee
45                                                                                    Fee
50       Lesser of maximum rate permitted by applicable law or 2.00% + Initial Rate   Fee
52                                                                                    Fee
54                                                                                    Fee
69       Lesser of maximum rate permitted by applicable law or 2.00% + Initial Rate   Fee
71                                                                                    Fee
81                                                                                    Fee
86                                                                                    Fee
90                                                                                    Fee
95                                                                                    Fee
96                                                                                    Fee
106                                                                                   Fee
107                                                                                   Fee
115                                                                                   Fee
116      Lesser of maximum rate permitted by applicable law or 2.00% + Initial Rate   Fee
117                                                                                   Fee
119                                                                                   Fee
121                                                                                   Fee
122                                                                                   Fee
123                                                                                   Fee
124                                                                                   Fee
125                                                                                   Fee
127                                                                                   Fee
133                                                                                   Fee
137                                                                                   Fee
138                                                                                   Fee
146                                                                                   Fee             C
151                                                                                   Fee
152                                                                                   Fee
156                                                                                   Fee
159                                                                                   Fee
160                                                                                   Fee
161                                                                                   Fee
162                                                                                   Fee
165                                                                                   Fee
166                                                                                   Fee
173                                                                                   Fee
174                                                                                   Fee
176                                                                                   Fee
192                                                                                   Fee
198                                                                                   Fee             B
199                                                                                   Fee/Leasehold   B
200                                                                                   Fee
202                                                                                   Fee             B
205                                                                                   Fee
206                                                                                   Fee
207                                                                                   Fee
209                                                                                   Fee
210                                                                                   Fee
211                                                                                   Fee
213                                                                                   Fee             C
216                                                                                   Fee
222                                                                                   Fee
224                                                                                   Fee
225                                                                                   Fee             A
226                                                                                   Fee             A
227                                                                                   Fee
231                                                                                   Fee
233                                                                                   Fee
233.01                                                                                Fee
233.02                                                                                Fee
236                                                                                   Fee
238                                                                                   Fee
240                                                                                   Fee
241                                                                                   Fee
245                                                                                   Fee
245.01                                                                                Fee
245.02                                                                                Fee
251                                                                                   Fee
255                                                                                   Fee
256                                                                                   Fee
257                                                                                   Fee
258                                                                                   Fee
259                                                                                   Fee
260                                                                                   Fee
261                                                                                   Fee
262                                                                                   Fee
263                                                                                   Fee
265                                                                                   Fee
267                                                                                   Leasehold
268                                                                                   Fee

<CAPTION>
Loan #   Originator/Loan Seller
------   ----------------------
<S>      <C>
11       LaSalle
13       LaSalle
15       LaSalle
17       LaSalle
17.01    LaSalle
17.02    LaSalle
17.03    LaSalle
17.04    LaSalle
29       LaSalle
34       LaSalle
44       LaSalle
45       LaSalle
50       LaSalle
52       LaSalle
54       LaSalle
69       LaSalle
71       LaSalle
81       LaSalle
86       LaSalle
90       LaSalle
95       LaSalle
96       LaSalle
106      LaSalle
107      LaSalle
115      LaSalle
116      LaSalle
117      LaSalle
119      LaSalle
121      LaSalle
122      LaSalle
123      LaSalle
124      LaSalle
125      LaSalle
127      LaSalle
133      LaSalle
137      LaSalle
138      LaSalle
146      LaSalle
151      LaSalle
152      LaSalle
156      LaSalle
159      LaSalle
160      LaSalle
161      LaSalle
162      LaSalle
165      LaSalle
166      LaSalle
173      LaSalle
174      LaSalle
176      LaSalle
192      LaSalle
198      LaSalle
199      LaSalle
200      LaSalle
202      LaSalle
205      LaSalle
206      LaSalle
207      LaSalle
209      LaSalle
210      LaSalle
211      LaSalle
213      LaSalle
216      LaSalle
222      LaSalle
224      LaSalle
225      LaSalle
226      LaSalle
227      LaSalle
231      LaSalle
233      LaSalle
233.01   LaSalle
233.02   LaSalle
236      LaSalle
238      LaSalle
240      LaSalle
241      LaSalle
245      LaSalle
245.01   LaSalle
245.02   LaSalle
251      LaSalle
255      LaSalle
256      LaSalle
257      LaSalle
258      LaSalle
259      LaSalle
260      LaSalle
261      LaSalle
262      LaSalle
263      LaSalle
265      LaSalle
267      LaSalle
268      LaSalle

<CAPTION>
Loan #    Guarantor
-------   -------------------------------------------------------------------------------------------
<S>       <C>
11        Triple Net Properties, LLC
13        Richard D. Gee and Maxwell B. Drever
15        Richard D. Gee and Maxwell B. Drever
17        K-V Pharmaceutical Company, Inc.; ETHEX Corporation; Ther-Rx Corporation;
          Particle Dynamics, Inc.
17.01
17.02
17.03
17.04
29        Inland Western Sugar Land Colony Limited Partnership and Inland Western Retail Real
          Estate Trust, Inc.
34        Victory Real Estate Investments, LLC
44        Benjamin E. Brantley; Harold V. Pickrel, III; A.S. Harpe, II; Ronald O. Swinson, Jr.;
          F. McCord Ogburn, Jr.
45        Homestead Land Holdings Limited
50        Craig Crossing 1031, L.L.C. and Inland Real Estate Exchange Corporation
52        Caplease Credit LLC
54        MHC Operating Limited Partnership
69        Olivet Church 1031, L.L.C. and Inland Real Estate Exchange Corporation
71        AREO REIT, Ltd.
81        Michael P. Cafagna and Mark P. Mandell
86        C. Michael Gibson, Dr. Daniel Elstein
90        Eliot D. Cohen, Michael V. Harrell and Reed A. Miller
95        MHC Operating Limited Partnership
96        Newport Property Apartment Ventures, Ltd.
106       Robert E. Smietana, John E. Shaffer, Melissa S. Pielet
107       John A. Bonutto
115       Michael P. Cafagna and Mark P. Mandell
116       Sentry Office Building DBTand Inland Real Estate Exchange Corporation
117       Gary J. Davies and David P. Hill
119       MHC Operating Limited Partnership
121       Edna F. Meyer-Nelson
122       Michael G. Peterson
123       Fu Hsing Chen and Jyu Yuan Chen
124       Rodney L. Savoy, Robert J. Gagnard, Robert W. Daigle
125       E. Allen Brown, Jr.
127       MHC Operating Limited Partnership
133       Rajpal S. Grewal, Kanwalpreet K. Grewal
137       John L. Baldwin
138       David A. Krone, William Heller, Solcyman Kahen
146       Michael D. Shmerling
151       Maria Letsos
152       Newport Property Apartment Ventures, Ltd.
156       Rushi B. Patel, Rupam R. Pateder
159       MHC Operating Limited Partnership
160       William R. Beckman
161       George W. Ragsdale
162       Richard M. Karp and Arbaugh Development Company LLC
165       MHC Operating Limited Partnership
166       Alvin O. Benton, W. Richard Russell, Brian D. Benton
173       Reginald C. Spain and Bonita B. Spain
174       William E. Eiseman & David Keren
176       Michael V. Harrell and Robert M. Rogers
192       George R. Walker III & George R. Walker Jr.
198       Inland Western Hellertown Main Street DST and Inland Western Retail Real Estate Trust, Inc.
199       Inland Western Lebanon 9th Street DST and Inland Western Retail Real Estate Trust, Inc.
200       Charles W. Merrill, Anthony C. Merrill
202       Inland Western Punxsutawney Mahoning Street DST and Inland Western Retail Real
          Estate Trust, Inc.
205       Barry L. Haase, Philip S. Moreau
206       Arvind Goel
207       Gary Abriola, Dennis J. Abriola, Ronald V. Abriola
209       Richard P. Mosesian, Charles S. Mosesian
210       Joe L. Finley
211       Richard C. Sorensen and Laura L. Sorensen
213       Michael D. Shmerling
216       Joel I. McCloud & Kenneth J. Friedenthal
222       Long T. Chau
224       Albert Belmonte
225       Lismore T. Maino
226       Lismore T. Maino
227       MHC Operating Limited Partnership
231       MHC Operating Limited Partnership
233       Albert Belmonte
233.01
233.02
236       Robert D. Walner and Cathie F. Simonieg
238       Douglas M. Clayton
240       Sam Nazarian
241       Jean-Pierre Di Blasio, Joseph Santoianni
245       Billie Lynn Daniels
245.01
245.02
251       Ralph H. Owens
255       Eric Rinkoff
256       Richard T. Gallacher
257       Virginia A. Hepner, David Littlefield, Ralph Gilbert
258       Alan Weiss
259       Jon D. Heard and James C. Heard
260       Ralph E. Lord
261       Alan DeRose
262       Beatrice B. Slater
263       Theodore J. Mintz, Annabelle L. Mintz, Richard O. Mabie, Ruth M. Mabie
265       David A. Winograd, Kevin S. Paykel
267       W. Richard Matherly
268       Nassim H. Mussry, Sol N. Mussry, Ruth E. Mussry

<CAPTION>
                             UPFRONT ESCROW
                             ---------------------------------------------------------------------------------------------
Loan #    Letter of Credit   Upfront CapEx Reserve   Upfront Eng. Reserve   Upfront Envir. Reserve   Upfront TI/LC Reserve
-------   ----------------   ---------------------   --------------------   ----------------------   ---------------------
<S>       <C>                <C>                     <C>                    <C>                      <C>
11        No                                  0.00             100,000.00                     0.00                    0.00
13        No                                  0.00              72,875.00                     0.00            2,000,000.00
15        No                                  0.00                   0.00                     0.00            2,000,000.00
17        No                                  0.00                   0.00                     0.00                    0.00
17.01     No
17.02     No
17.03     No
17.04     No
29        No                                  0.00                   0.00                     0.00                    0.00
34             1,125,000.0                    0.00                   0.00                     0.00              200,000.00
44        No                                  0.00                   0.00                     0.00            2,242,915.00
45             2,800,000.0                    0.00              15,625.00                     0.00                    0.00
50        No                                  0.00                   0.00                     0.00                    0.00
52        No                                  0.00                   0.00                     0.00                    0.00
54        No                                  0.00                   0.00                     0.00                    0.00
69        No                                  0.00                   0.00                     0.00                    0.00
71        No                                  0.00                   0.00                     0.00              101,490.00
81        No                                  0.00               6,375.00                     0.00                    0.00
86        No                                  0.00                   0.00                     0.00                    0.00
90        No                                  0.00               7,500.00                     0.00                    0.00
95        No                                  0.00                   0.00                     0.00                    0.00
96        No                                  0.00                   0.00                     0.00                    0.00
106       No                             45,187.50              54,812.50                     0.00              300,000.00
107       No                                  0.00                   0.00                     0.00                    0.00
115       No                                  0.00               7,158.75                     0.00                    0.00
116       No                                  0.00                   0.00                     0.00                    0.00
117       No                                  0.00              24,837.50                     0.00                    0.00
119       No                                  0.00                   0.00                     0.00                    0.00
121       No                                  0.00              25,243.75                     0.00                    0.00
122       No                                  0.00                   0.00                     0.00                    0.00
123       No                                  0.00              12,500.00                     0.00                    0.00
124       No                                  0.00                   0.00                     0.00                    0.00
125       No                                  0.00                   0.00                     0.00                    0.00
127       No                                  0.00                   0.00                     0.00                    0.00
133       No                                  0.00                   0.00                     0.00                    0.00
137       No                                  0.00                   0.00                     0.00                    0.00
138       No                                  0.00               4,500.00                     0.00                    0.00
146              104,787.0                    0.00                   0.00                     0.00                    0.00
151       No                                  0.00                   0.00                     0.00                    0.00
152       No                                  0.00                   0.00                     0.00                    0.00
156       No                                  0.00                   0.00                     0.00                    0.00
159       No                                  0.00              32,400.00                     0.00                    0.00
160       No                                  0.00                   0.00                     0.00                    0.00
161       No                                  0.00                   0.00                     0.00                    0.00
162       No                                  0.00                   0.00                     0.00                    0.00
165       No                                  0.00                   0.00                     0.00                    0.00
166       No                                  0.00                   0.00                     0.00                    0.00
173               45,000.0                    0.00              27,125.00                     0.00                    0.00
174       No                                  0.00                   0.00                     0.00               90,000.00
176       No                                  0.00                   0.00                     0.00                    0.00
192       No                                  0.00              18,750.00                     0.00                    0.00
198       No                                  0.00                   0.00                     0.00                    0.00
199       No                                  0.00                   0.00                     0.00                    0.00
200       No                                  0.00                   0.00                     0.00                    0.00
202       No                                  0.00                   0.00                     0.00                    0.00
205       No                                  0.00                   0.00                     0.00                    0.00
206               50,000.0                    0.00                   0.00                     0.00                    0.00
207       No                                  0.00                   0.00                     0.00                    0.00
209       No                                  0.00                   0.00                     0.00                    0.00
210       No                                  0.00                   0.00                     0.00                    0.00
211       No                                  0.00               1,375.00                     0.00                    0.00
213               49,526.0                    0.00                   0.00                     0.00                    0.00
216       No                                  0.00                   0.00                     0.00                    0.00
222       No                                  0.00                   0.00                25,000.00                    0.00
224       No                                  0.00              38,813.00                     0.00                    0.00
225       No                                  0.00                   0.00                     0.00                    0.00
226       No                                  0.00                   0.00                     0.00                    0.00
227       No                                  0.00              11,800.00                     0.00                    0.00
231       No                                  0.00                   0.00                     0.00                    0.00
233       No                                  0.00              22,813.00                     0.00                    0.00
233.01    No
233.02    No
236       No                                  0.00              10,313.00                     0.00                    0.00
238       No                                  0.00                   0.00                     0.00                    0.00
240       No                                  0.00               3,125.00                     0.00                    0.00
241       No                                  0.00               6,375.00                     0.00                    0.00
245       No                                  0.00                   0.00                     0.00                    0.00
245.01    No
245.02    No
251       No                                  0.00                   0.00                     0.00                    0.00
255       No                                  0.00                   0.00                     0.00                    0.00
256       No                                  0.00                   0.00                     0.00                    0.00
257       No                                  0.00                   0.00                     0.00                    0.00
258       No                                  0.00                   0.00                     0.00                    0.00
259       No                                  0.00               7,812.50                     0.00                    0.00
260       No                                  0.00                   0.00                     0.00                    0.00
261       No                                  0.00                   0.00                25,000.00                    0.00
262       No                                  0.00                   0.00                     0.00                    0.00
263       No                                  0.00                   0.00                     0.00                    0.00
265       No                                  0.00                   0.00                     0.00                    0.00
267       No                                  0.00                   0.00                     0.00                    0.00
268               50,000.0                    0.00                   0.00                     0.00                    0.00

<CAPTION>
          UPFRONT ESCROW                                                          MONTHLY ESCROW
          ---------------------------------------------------------------------   ---------------------
Loan #    Upfront RE Tax Reserve   Upfront Ins. Reserve   Upfront Other Reserve   Monthly Capex Reserve
-------   ----------------------   --------------------   ---------------------   ---------------------
<S>       <C>                      <C>                    <C>                     <C>
11                  1,697,830.85              82,113.20                    0.00                10902.75
13                    407,902.56               5,878.60                    0.00                 9210.67
15                    103,042.89              78,947.44                    0.00                 4911.08
17                          0.00                   0.00                    0.00                    0.00
17.01
17.02
17.03
17.04
29                          0.00                   0.00                    0.00                    0.00
34                    278,755.10               8,298.33                    0.00                 1767.25
44                    117,452.00              16,436.16              500,000.00                 3751.75
45                          0.00                   0.00                    0.00                    0.00
50                          0.00                   0.00                    0.00                    0.00
52                          0.00                   0.00                    0.00                    0.00
54                          0.00                   0.00                    0.00                    0.00
69                          0.00                   0.00                    0.00                    0.00
71                    107,098.49               3,190.03                    0.00                 1272.50
81                     10,769.29              12,770.33                    0.00                10132.67
86                     20,813.83              18,138.29                    0.00                11633.67
90                     54,614.72                   0.00                    0.00                12678.42
95                          0.00                   0.00                    0.00                    0.00
96                     15,995.37                   0.00                    0.00                 5333.00
106                         0.00               6,269.90                    0.00                    0.00
107                    15,600.00               5,110.30              500,000.00                  320.50
115                    19,315.56              28,213.90                    0.00                 8401.33
116                         0.00                   0.00                    0.00                    0.00
117                         0.00               1,247.05              116,810.40                  654.25
119                         0.00                   0.00                    0.00                    0.00
121                    53,716.18              20,854.86               30,310.00                 3972.33
122                         0.00              14,324.27              250,000.00                 1087.00
123                     8,385.50               9,200.10                    0.00                  437.50
124                    18,720.00                   0.00                    0.00                  643.75
125                    41,194.94               1,486.51                    0.00                    0.00
127                         0.00                   0.00                    0.00                    0.00
133                    60,835.84               3,414.84                    0.00                  622.63
137                         0.00                   0.00                    0.00                  434.75
138                    72,650.50               1,893.15                    0.00                 1004.58
146                         0.00                 947.79                    0.00                  628.00
151                         0.00                   0.00               38,575.00                  187.50
152                     9,217.22                   0.00                    0.00                 3132.00
156                    26,456.78              12,948.00                    0.00                 5102.10
159                         0.00                   0.00                    0.00                    0.00
160                     6,854.58               5,446.65                    0.00                  354.00
161                    25,701.21               4,715.62                    0.00                  837.92
162                     3,825.30              10,660.00              270,000.00                 1000.00
165                         0.00                   0.00                    0.00                    0.00
166                         0.00                   0.00                    0.00                 4838.08
173                     5,264.92              22,891.33                    0.00                 3000.00
174                    31,368.95               1,091.31              150,000.00                  587.75
176                    47,816.21                   0.00                    0.00                 7251.75
192                    15,840.34               2,407.50                    0.00                 2541.66
198                         0.00                   0.00                    0.00                    0.00
199                         0.00                   0.00                    0.00                    0.00
200                         0.00                   0.00                    0.00                    0.00
202                         0.00                   0.00                    0.00                    0.00
205                     6,378.50               3,849.91               24,129.98                  995.83
206                     8,638.93               1,044.51                    0.00                  249.70
207                     4,291.51               1,729.00                    0.00                  267.33
209                     1,616.48               1,067.56               10,965.00                  112.46
210                     5,936.42               4,988.88                    0.00                  383.75
211                    33,744.65              15,630.16                    0.00                 3486.66
213                         0.00                 749.15                    0.00                  411.25
216                     6,530.64                 951.38                6,160.00                  218.67
222                    18,017.76               3,683.33                    0.00                  175.67
224                     9,622.22               5,276.18                    0.00                 1737.85
225                    14,976.00               3,992.91                    0.00                 1331.17
226                    14,725.97               1,564.68                    0.00                  920.08
227                         0.00                   0.00                    0.00                    0.00
231                         0.00                   0.00                    0.00                    0.00
233                    13,766.90              10,708.10                    0.00                 2480.69
233.01
233.02
236                    15,421.55               6,115.20                    0.00                  678.33
238                     9,779.70                 928.72                    0.00                  202.09
240                     3,301.82              34,091.20                    0.00                  118.75
241                    28,353.42               3,030.21                    0.00                  998.33
245                    24,632.30              17,106.78                    0.00                 4785.50
245.01
245.02
251                     1,157.76               5,308.77                    0.00                  855.84
255                     5,631.25               1,669.98                    0.00                   87.16
256                     6,636.41               1,433.47                    0.00                  417.33
257                     7,426.06               1,273.13                    0.00                  175.00
258                     8,241.36               5,020.70                    0.00                 1000.00
259                     7,749.79               1,912.39                    0.00                  877.33
260                     4,062.16               2,961.92                    0.00                  450.00
261                         0.00               8,674.64                    0.00                   61.88
262                         0.00                   0.00                    0.00                    0.00
263                         0.00                   0.00                    0.00                    0.00
265                         0.00                   0.00                    0.00                    0.00
267                    16,921.14                 499.37                    0.00                  173.61
268                    11,698.98                 712.40               11,000.00                    0.00

<CAPTION>
          MONTHLY ESCROW
          ----------------------------------------------------------------------------------------------
Loan #    Monthly Envir. Reserve   Monthly TI/LC Reserve   Monthly RE Tax Reserve   Monthly Ins. Reserve
-------   ----------------------   ---------------------   ----------------------   --------------------
<S>       <C>                      <C>                     <C>                      <C>
11                          0.00                54613.75                212228.86                8211.32
13                          0.00                32110.08                101975.64                5878.60
15                          0.00                32740.42                 34347.63                6578.95
17                          0.00                    0.00                     0.00                   0.00
17.01
17.02
17.03
17.04
29                          0.00                    0.00                     0.00                   0.00
34                          0.00                 6923.66                 25341.37                4149.17
44                          0.00                13891.17                 29363.00                1826.24
45                          0.00                    0.00                     0.00                   0.00
50                          0.00                    0.00                     0.00                   0.00
52                          0.00                    0.00                 32210.90                   0.00
54                          0.00                    0.00                     0.00                   0.00
69                          0.00                    0.00                     0.00                   0.00
71                          0.00                 6362.50                 35699.50                3190.03
81                          0.00                    0.00                  3589.76                1824.33
86                          0.00                    0.00                  5203.46                2267.29
90                          0.00                    0.00                 10922.94                   0.00
95                          0.00                    0.00                     0.00                   0.00
96                          0.00                    0.00                  7997.69                4507.27
106                         0.00                 1803.70                     0.00                 895.70
107                         0.00                 2136.67                  7800.00                1703.43
115                         0.00                    0.00                  6438.52                2564.90
116                         0.00                    0.00                     0.00                   0.00
117                         0.00                 2174.25                  5677.91                1247.05
119                         0.00                    0.00                     0.00                   0.00
121                         0.00                 1137.42                 13429.04                2317.21
122                         0.00                 3620.50                  9380.61                1432.43
123                         0.00                    0.00                  8385.50                1022.23
124                         0.00                 4166.67                  3120.00                2373.80
125                         0.00                    0.00                  6865.82                 743.25
127                         0.00                    0.00                     0.00                   0.00
133                         0.00                 3534.08                 15208.96                1707.42
137                         0.00                    0.00                  4419.95                 560.04
138                         0.00                 2948.50                 12108.42                 946.57
146                         0.00                 4336.58                     0.00                 473.89
151                         0.00                    0.00                     0.00                   0.00
152                         0.00                    0.00                  2304.31                2545.92
156                         0.00                    0.00                  5291.36                3237.00
159                         0.00                    0.00                     0.00                   0.00
160                         0.00                 1654.92                  3427.29                 778.09
161                         0.00                    0.00                  6425.30                1571.87
162                         0.00                 1000.00                   956.33                2132.00
165                         0.00                    0.00                     0.00                   0.00
166                         0.00                    0.00                  3106.48                1834.13
173                         0.00                    0.00                  5264.92                2081.03
174                         0.00                 2929.42                  7842.24                 545.65
176                         0.00                    0.00                  9563.24                   0.00
192                         0.00                    0.00                  5280.11                2407.50
198                         0.00                    0.00                     0.00                   0.00
199                         0.00                    0.00                     0.00                   0.00
200                         0.00                    0.00                  4510.70                 485.07
202                         0.00                    0.00                     0.00                   0.00
205                         0.00                    0.00                  2126.20                1924.95
206                         0.00                    0.00                  4319.47                 522.25
207                         0.00                 1175.83                  4291.51                 864.50
209                         0.00                  677.35                   808.24                 533.78
210                         0.00                 2276.92                   848.06                 554.32
211                         0.00                    0.00                  5624.11                3907.54
213                         0.00                 2224.75                     0.00                 374.57
216                         0.00                 1112.91                  1088.44                 475.70
222                         0.00                 1079.33                  3603.55                 736.67
224                         0.00                    0.00                  2405.56                1758.73
225                         0.00                    0.00                  2995.20                1996.45
226                         0.00                    0.00                  2945.19                 782.34
227                         0.00                    0.00                     0.00                   0.00
231                         0.00                    0.00                     0.00                   0.00
233                         0.00                    0.00                  3441.72                3569.37
233.01
233.02
236                         0.00                    0.00                  3084.31                 611.52
238                         0.00                 1415.42                  1629.95                 309.57
240                         0.00                    0.00                  1650.91                8522.80
241                         0.00                 2603.58                  5670.68                 757.55
245                         0.00                    0.00                  8210.77                5702.26
245.01
245.02
251                         0.00                    0.00                   231.55                1061.75
255                         0.00                  408.58                  1407.81                 556.66
256                         0.00                    0.00                  1878.80                 286.69
257                         0.00                  910.00                  1485.21                 636.57
258                         0.00                    0.00                  2060.34                1255.18
259                         0.00                    0.00                  1937.45                 956.19
260                         0.00                    0.00                   677.03                 493.65
261                         0.00                  576.25                  1635.52                 722.89
262                         0.00                    0.00                     0.00                   0.00
263                         0.00                    0.00                     0.00                   0.00
265                         0.00                    0.00                     0.00                   0.00
267                         0.00                  866.00                  2417.31                 249.69
268                         0.00                    0.00                  2339.80                 356.20

<CAPTION>
          MONTHLY ESCROW
          ---------------------
Loan #    Monthly Other Reserve   Grace Period   Lockbox In-place   Property Type          Defeasance Permitted   Loan Group
-------   ---------------------   ------------   ----------------   --------------------   --------------------   ----------
<S>       <C>                     <C>            <C>                <C>                    <C>                    <C>
11                     25000.00              5   Yes                Office                 Yes                             1
13                         0.00              5   Yes                Office                 Yes                             1
15                         0.00              5   Yes                Office                 Yes                             1
17                         0.00              5   Yes                Industrial             Yes                             1
17.01                                        5   Yes                Industrial             Yes                             1
17.02                                        5   Yes                Industrial             Yes                             1
17.03                                        5   Yes                Industrial             Yes                             1
17.04                                        5   Yes                Industrial             Yes                             1
29                         0.00              5   No                 Retail                 No                              1
34                         0.00              5   No                 Retail                 Yes                             1
44                         0.00              5   No                 Office                 Yes                             1
45                         0.00              5   No                 Multifamily            Yes                             2
50                         0.00              5   No                 Retail                 No                              1
52                         0.00              5   Yes                Industrial             Yes                             1
54                         0.00              5   No                 Manufactured Housing   Yes                             1
69                         0.00              5   No                 Retail                 No                              1
71                         0.00              5   No                 Office                 Yes                             1
81                         0.00              5   No                 Hotel                  Yes                             1
86                         0.00              5   No                 Hotel                  Yes                             1
90                         0.00              5   No                 Hotel                  Yes                             1
95                         0.00              5   No                 Manufactured Housing   Yes                             2
96                         0.00              5   No                 Multifamily            Yes                             2
106                        0.00              5   No                 Office                 Yes                             1
107                        0.00              5   No                 Retail                 Yes                             1
115                        0.00              5   No                 Hotel                  Yes                             1
116                        0.00              0   No                 Office                 No                              1
117                        0.00              5   No                 Retail                 Yes                             1
119                        0.00              5   No                 Manufactured Housing   Yes                             1
121                        0.00              5   No                 Retail                 No                              1
122                        0.00              5   No                 Retail                 No                              1
123                        0.00              5   No                 Retail                 Yes                             1
124                        0.00              5   No                 Office                 Yes                             1
125                        0.00              5   No                 Office                 Yes                             1
127                        0.00              5   No                 Manufactured Housing   Yes                             2
133                        0.00              5   No                 Retail                 Yes                             1
137                        0.00              5   No                 Manufactured Housing   No                              2
138                        0.00              5   No                 Retail                 Yes                             1
146                        0.00              5   No                 Office                 Yes                             1
151                        0.00              5   No                 Retail                 Yes                             1
152                        0.00              5   No                 Multifamily            Yes                             2
156                        0.00              5   No                 Hotel                  Yes                             1
159                        0.00              5   No                 Manufactured Housing   Yes                             2
160                        0.00              5   No                 Office                 Yes                             1
161                        0.00              5   Yes                Retail                 Yes                             1
162                        0.00              5   No                 Multifamily            Yes                             1
165                        0.00              5   No                 Manufactured Housing   Yes                             1
166                        0.00              5   No                 Hotel                  Yes                             1
173                        0.00              5   No                 Multifamily            Yes                             2
174                        0.00              5   No                 Office                 Yes                             1
176                        0.00              5   No                 Hotel                  Yes                             1
192                        0.00              5   No                 Multifamily            Yes                             2
198                        0.00              0   No                 Retail                 No                              1
199                        0.00              0   No                 Retail                 No                              1
200                        0.00              5   No                 Multifamily            Yes                             2
202                        0.00              0   No                 Retail                 No                              1
205                    24129.98              5   No                 Manufactured Housing   Yes                             1
206                        0.00              5   No                 Retail                 Yes                             1
207                        0.00              5   No                 Retail                 Yes                             1
209                        0.00              5   No                 Retail                 Yes                             1
210                        0.00              5   No                 Retail                 Yes                             1
211                        0.00              5   No                 Multifamily            Yes                             2
213                        0.00              5   No                 Office                 Yes                             1
216                        0.00              5   No                 Retail                 Yes                             1
222                        0.00              5   No                 Retail                 Yes                             1
224                        0.00              5   No                 Multifamily            Yes                             2
225                        0.00              5   No                 Self-Storage           Yes                             1
226                        0.00              5   No                 Self-Storage           Yes                             1
227                        0.00              5   No                 Manufactured Housing   Yes                             2
231                        0.00              5   No                 Manufactured Housing   Yes                             2
233                        0.00              5   No                 Multifamily            Yes                             2
233.01                                       5   No                 Multifamily            Yes                             2
233.02                                       5   No                 Multifamily            Yes                             2
236                        0.00              5   No                 Self-Storage           Yes                             1
238                        0.00              5   No                 Office                 Yes                             1
240                        0.00              5   No                 Retail                 Yes                             1
241                        0.00              5   No                 Industrial             Yes                             1
245                        0.00              5   No                 Multifamily            Yes                             2
245.01                                       5   No                 Multifamily            Yes                             2
245.02                                       5   No                 Multifamily            Yes                             2
251                        0.00              5   No                 Self-Storage           Yes                             1
255                        0.00              5   No                 Retail                 Yes                             1
256                        0.00              5   No                 Self-Storage           Yes                             1
257                        0.00              5   No                 Retail                 Yes                             1
258                        0.00              5   No                 Multifamily            Yes                             2
259                        0.00              5   No                 Self-Storage           Yes                             1
260                        0.00              5   No                 Manufactured Housing   Yes                             1
261                        0.00              5   No                 Retail                 No                              1
262                        0.00              5   No                 Retail                 Yes                             1
263                        0.00              5   No                 Retail                 Yes                             1
265                        0.00              5   Yes                Industrial             Yes                             1
267                        0.00              5   No                 Retail                 Yes                             1
268                        0.00              5   No                 Retail                 Yes                             1

<CAPTION>
Loan #   Servicing Group   Final Maturity Date
------   ---------------   -------------------
<S>      <C>               <C>
11       A
13       A
15       A
17       A
17.01    A
17.02    A
17.03    A
17.04    A
29       A
34       A
44       A
45       A
50       A                 03/01/36
52       A
54       A
69       A                 04/01/36
71       A
81       A
86       A
90       A
95       A
96       A
106      A
107      A
115      A
116      A                 05/01/36
117      A
119      A
121      A
122      A
123      A
124      A
125      A
127      A
133      A
137      A
138      A
146      A
151      A
152      A
156      A
159      A
160      A
161      A
162      A
165      A
166      A
173      A
174      A
176      A
192      A
198      A
199      A
200      A
202      A
205      A
206      A
207      A
209      A
210      A
211      A
213      A
216      A
222      A
224      A
225      A
226      A
227      A
231      A
233      A
233.01   A
233.02   A
236      A
238      A
240      A
241      A
245      A
245.01   A
245.02   A
251      A
255      A
256      A
257      A
258      A
259      A
260      A
261      A
262      A
263      A
265      A
267      A
268      A
</TABLE>
<PAGE>

                                    EXHIBIT B

                  MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

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

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

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

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

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

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

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

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

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

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

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

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

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

                  (e) With respect to each Mortgage which is a deed of trust, a
      trustee, duly qualified under applicable law to serve as such, currently
      so serves and is named in the deed of trust or may be substituted in
      accordance with applicable law, and no fees or expenses are or will become
      payable to the trustee under the deed of trust, except in connection with
      a trustee's sale after default by the Mortgagor 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) Except by a written instrument that has been delivered to the
Purchaser as a part of the related Mortgage File with respect to any immaterial
releases of the Mortgaged Property, no Mortgage Loan has been satisfied,
canceled, subordinated, released or rescinded, in whole or in part, and the
related Mortgagor has not been released, in whole or in part, from its
obligations under any related Mortgage Loan document.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

            (22) As of the date of origination of the related Mortgage Loan,
and, as of the Closing Date, the Mortgaged Property is covered by insurance
policies providing the coverage described below and the Mortgage Loan documents
permit the mortgagee to require the coverage described below. All premiums with
respect to the Insurance Policies insuring each Mortgaged Property have been
paid in a timely manner or escrowed to the extent required by the Mortgage Loan
documents, and the Seller has not received (1) any notice of non payment of
premiums that has not been cured in a timely manner by the related Mortgagor or
(2) any notice of cancellation or termination of such Insurance Policies. The
relevant Servicing File contains the Insurance Policy required for such Mortgage
Loan or a certificate of insurance for such Insurance Policy. Each Mortgage
requires that the related Mortgaged Property and all improvements thereon are
covered by Insurance Policies providing (a) coverage in the amount of the lesser
of full replacement cost of such Mortgaged Property and the outstanding
principal balance of the related Mortgage Loan (subject to customary
deductibles) for 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 excavations,
underground utilities, foundations and footings) with an agreed amount
endorsement to avoid application of any coinsurance provision; such policies
contain a standard mortgage clause naming mortgagee and its successor in
interest as additional insureds or loss payee, as applicable; (b) business
interruption or rental loss insurance in an amount at least equal to (i) 12
months of operations or (ii) in some cases all rents and other amounts
customarily insured under this type of insurance of the Mortgaged Property; (c)
flood insurance (if any portion of the improvements on the Mortgaged Property is
located in an area identified by the Federal Emergency Management Agency
("FEMA"), with respect to certain Mortgage Loans and the Secretary of Housing
and Urban Development with respect to other Mortgage Loans, as having special
flood hazards) in an amount not less than amounts prescribed by FEMA; (d)
workers' compensation, if required by law; (e) comprehensive general liability
insurance in an amount consistent with the standard utilized by the Seller with
respect to loans it holds for its own account, but not less than $1 million; all
such Insurance Policies contain clauses providing they are not terminable and
may not be terminated without thirty (30) days prior written notice to the
mortgagee (except where applicable law requires a shorter period or except for
nonpayment of premiums, in which case not less than ten (10) days prior written
notice to the mortgagee is required). In addition, each Mortgage permits the
related mortgagee to make premium payments to prevent the cancellation thereof
and shall entitle such mortgagee to reimbursement therefor. Any insurance
proceeds in respect of a casualty loss or taking will be applied either to the
repair or restoration of all or part of the related Mortgaged Property or the
payment of the outstanding principal balance of the related Mortgage Loan
together with any accrued interest thereon. The related Mortgaged Property is
insured by an Insurance Policy, issued by an insurer meeting the requirements of
such Mortgage Loan and having a claims-paying or financial strength rating of at
least "A:VIII" (or, with respect to those Mortgage Loans with a principal
balance as of the Cut-off Date of $5,000,000 or less, "A-:VI") from A.M. Best
Company or "A" (or the equivalent) from Standard & Poor's Ratings Services,
Fitch, Inc. or Moody's Investors Service, Inc. An architectural or engineering
consultant has performed an analysis of each of the Mortgaged Properties located
in seismic zones 3 or 4 in order to evaluate the structural and seismic
condition of such property, for the sole purpose of assessing the probable
maximum loss ("PML") for the Mortgaged Property in the event of an earthquake.
In such instance, the PML was based on a return period of not less than 100
years, an exposure period of 50 years and a 10% probability of exceedence. If
the resulting report concluded that the PML would exceed 20% of the amount of
the replacement costs of the improvements, earthquake insurance on such
Mortgaged Property was obtained by an insurer rated at least "A:VIII" (or, with
respect to those Mortgage Loans with a principal balance as of the Cut-off Date
of $5,000,000 or less, "A-:VI") by A.M. Best Company or "A" (or the equivalent)
from Standard & Poor's Ratings Services, Fitch, Inc. or Moody's Investors
Service, Inc. To the Seller's actual knowledge, the insurer issuing each of the
foregoing insurance policies is qualified to write insurance in the jurisdiction
where the related Mortgaged Property is located.

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

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

            (25) The origination practices used by the Seller or, to its
knowledge, any prior holder of the related Mortgage Note with respect to such
Mortgage Loan have been in all material respects legal and have met customary
industry standards 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, in the aggregate,
more than 5% of the aggregate outstanding principal amount of all the mortgage
loans included in the Trust Fund have the same Mortgagor or, to the Seller's
knowledge, are to Mortgagors which are entities controlled by one another or
under common control.

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

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

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

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

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

            (35) In the event that a Mortgage Loan is secured by more than one
Mortgaged Property, then, in connection with a release of less than all of such
Mortgaged Properties, a Mortgaged Property may not be released as collateral for
the related Mortgage Loan unless, in connection with such release, an amount
equal to not less than 125% of the Allocated Loan Amount for such Mortgaged
Property is prepaid or, in the case of a defeasance, an amount equal to 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 applicable 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) If the related Mortgage or other Mortgage Loan documents
provide for a grace period for delinquent Monthly Payments, such grace period is
no longer than ten (10) days from the applicable payment date.

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

            (42) None of the Mortgage Loan documents contain any provision that
expressly excuses the related borrower from obtaining and maintaining insurance
coverage for acts of terrorism or, in circumstances where terrorism insurance is
not expressly required, the mortgagee is not prohibited from requesting that the
related borrower maintain such insurance, in each case, to the extent such
insurance coverage is generally available for like properties in such
jurisdictions at commercially reasonable rates. Each Mortgaged Property is
insured by 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, 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 Master
Servicer and discretionary (lender approved) capital expenditures.

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

            The term "in reliance on" shall mean that:

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

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

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

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

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

            The term "Permitted Encumbrances" shall mean:

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

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

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

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

            which together do not materially and adversely affect the related
      Mortgagor's ability to timely make payments on the related Mortgage Loan,
      which do not materially interfere with the benefits of the security
      intended to be provided by the related Mortgage or the use, for the use
      currently being made, the operation as currently being operated,
      enjoyment, value or marketability of such Mortgaged Property, provided,
      however, that, for the avoidance of doubt, Permitted Encumbrances shall
      exclude all pari passu, second, junior and subordinated mortgages but
      shall not exclude mortgages that secure Mortgage Loans or Companion 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 is
inaccurate based upon the Seller's reasonable inquiry and during the course of
such inquiry, no such officer, employee or agent of the Seller has obtained any
actual knowledge of any facts or circumstances that would cause such person to
believe that such representation or warranty was inaccurate. Furthermore, all
information contained in documents which are part of or required to be part of a
Mortgage File shall be deemed to be within the Seller's knowledge. For purposes
of these representations and warranties, the term "to the Seller's actual
knowledge" shall mean that 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>

                                    EXHIBIT C

           EXCEPTIONS TO MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

Exceptions to Representation (6), (7) and (8)

Loans                                    Exceptions
--------------------------------------------------------------------------------
151  Walgreen's - Chanhassen, MN         The Mortgaged Properties are subject
263  Walgreens - Azle, TX                to a right of first refusal to
                                         purchase such Mortgaged Property in
                                         favor of Walgreens (the tenant).

13    Shoreview Corporate Center         The Mortgaged Property is subject to a
                                         right of first offer under the
                                         Advanced Respiratory, Inc. lease (the
                                         right of first offer applies if the
                                         landlord desires to sell the entire
                                         Mortgaged Property), which right of
                                         first offer is subordinate to the lien
                                         of the Mortgage Loan.

162  The Arbaugh Redevelopment           The Mortgaged Property is subject to
                                         two subordinate liens, (1) a
                                         subordinate mortgage lien that is
                                         subject to the terms and conditions of
                                         a subordination and standstill
                                         agreement between Seller and the
                                         lender under the second mortgage and
                                         (2) an additional lien evidenced by a
                                         subordinate memorandum of lien.

52   Pearson PLC Building - Lawrence     The Mortgaged Property is subject to a
                                         right of first offer in favor of the
                                         tenant (NCS Pearson, Inc.), which
                                         right of first offer is subordinate to
                                         the lien of the Mortgage Loan.  In
                                         addition, the Mortgage Loan is an AB
                                         Mortgage Loan and the Mortgage also
                                         secures the companion loan, which is
                                         not included as part of the trust.

238 Hillside Medical Office              The Mortgaged Property is subject to a
                                         right of first refusal and purchase
                                         option in favor of the master lessee,
                                         which such rights are subordinate to
                                         the lien of the Mortgage Loan.

267 Northridge Square                    The Mortgaged Property is subject to a
                                         right of first refusal to purchase
                                         such Mortgaged Property in favor of
                                         the ground lessor.
---------------
*  Seller has attempted to indicate the particular representation or warranty
   (by reference to the Section in which such representation or warranty
   appears) to which an exception primarily relates. Notwithstanding the
   foregoing, each exception is intended to qualify each representation or
   warranty to which it may relate, regardless whether such exception expressly
   refers to the Section in which the applicable representation or warranty
   appears.

  For purposes of the MLPA and Exhibit B - Mortgage Loan Representations and
  Warranties, Seller deems the term "commercial and multifamily" to include
  manufactured housing communities.

  In addition, all mortgage loan assignments and UCC financing statements
    assignments were executed in favor of the Trustee and not the Purchaser.

Exceptions to Representation (10)

Loans                                    Exceptions
--------------------------------------------------------------------------------
All LaSalle Mortgage Loans               Generally, the Mortgage Loan documents
                                         do not have a non-recourse carveout
                                         for either "actual waste by or damage
                                         or destruction to the Mortgaged
                                         Property caused by the acts or
                                         omissions of the borrower, its agents,
                                         employees or contractors", but the
                                         Mortgage Loan documents do have a
                                         non-recourse carveout for "material
                                         waste" of the Mortgaged Property
                                         caused by the intentional or grossly
                                         negligent act or omission of
                                         Mortgagor, its agents, affiliates,
                                         officers and employees.

13 Shoreview Corporate Center            The Mortgage Loan documents do not
15 Powers Ferry Landing East             have a non-recourse carveout for
50 Inland - Craig Crossing               "actual waste", but the Mortgage Loan
69 Inland Olivet Church                  documents do have a non-recourse
116 Inland - Sentry Office Building      carveout for "the removal or disposal"
                                         of any portion of the Mortgaged
                                         Property by Mortgagor after an event of
                                         default.

                                         The Mortgage Loan documents do not have
                                         a non-recourse carveout for
                                         "misapplication or misappropriation" of
                                         rents, insurance proceeds or
                                         condemnation awards, but the Mortgage
                                         Loan documents do have a non-recourse
                                         carveout for "misapplication or
                                         conversion".

71   176 Federal Street                  The Mortgage Loan documents do not
                                         require any party, other than
                                         Mortgagor, to be liable for the
                                         non-recourse carveouts.

29 Inland - Colony Square                The Mortgage Loan documents do not
198 Inland Eckerds - Hellertown          have a non-recourse carveout for
199 Inland Eckerds - Lebanon             "actual waste", but the Mortgage Loan
202 Inland Eckerds - Punxsutawney        documents do have a non-recourse
                                         carveout for "material physical
                                         waste".

                                         The Mortgage Loan documents do not have
                                         a non-recourse carveout for
                                         "misapplication or misappropriation" of
                                         rents, insurance proceeds or
                                         condemnation awards, but the Mortgage
                                         Loan documents do have a non-recourse
                                         carveout for "misapplication or
                                         conversion".

54   ELS - Rambler's Rest Resort         The Mortgage Loan documents do not
95   ELS - Fiesta Grande I & II          include a non-recourse carveout for
119  ELS - Tropical Palms                "actual waste", but the Mortgage Loan
127  ELS - Venture In                    documents do have a carveout for
159  ELS - Capri MHC & RV                "physical waste".  Also, the Mortgage
165  ELS - Inlet Oaks Village            Loan documents provide that Mortgagor
227  ELS - Foothills West                shall only be liable for
231  ELS - Casita Verde                  misapplication, misappropriation or
                                         conversion by Mortgagor of any rents,
                                         proceeds or other funds received after
                                         an event of default.

205 Neshonoc Lakeside RV Resort          The Mortgage Loan documents do not
                                         require any party, other than
                                         Mortgagor, to be liable for any breach
                                         of the environmental covenants,
                                         however, Seller required Mortgagor to
                                         obtain environmental insurance.

Exceptions to Representations (12) and (35)

Loan                                     Exceptions
--------------------------------------------------------------------------------
198 Inland Eckerds - Hellertown          A portion of the Mortgaged Property
199 Inland Eckerds - Lebanon             may be released from the lien of the
202 Inland Eckerds - Punxsutawny         Mortgage upon satisfaction of certain
                                         conditions set forth in the Mortgage
                                         Loan documents including payment at par
                                         or at 115% of the Allocated Lien Amount
                                         (such amount is based on certain debt
                                         services coverage and loan-to-value
                                         ratio tests that are set forth in the
                                         related Mortgage Loan documents).

Exceptions to Representation (20)

Loan                                     Exceptions
--------------------------------------------------------------------------------
17    K-V Pharmaceutical Portfolio       (g)  The Ground Lease expires
                                         (including all renewal terms) thirteen
                                         years after the Maturity Date of the
                                         Mortgage Loan; however, under the
                                         Ground Lease, Mortgagor must purchase
                                         the fee interests upon the expiration
                                         of the Ground Lease for a purchase
                                         price in an amount sufficient to redeem
                                         the outstanding principal balance of
                                         the bonds, plus any accrued interest
                                         and the fees and expenses of St. Louis
                                         County and of the trustee.

267 Northridge Square                    (f) The Ground Lease does not
                                         explicitly provide that mortgagee has
                                         the right, following a rejection of
                                         the Ground Lease in the event of
                                         bankruptcy, to enter into a new Ground
                                         Lease with ground lessor.

Exceptions to Representation (22) and (42)

Loans                                    Exceptions
--------------------------------------------------------------------------------
151   Walgreen's - Chanhassen, MN        There are no insurance policies on
263   Walgreens - Azle, TX               these Mortgage Loans, as the Mortgagor
                                         may provide insurance through its
                                         tenant and the tenant (Walgreens) has
                                         the right to self insure in lieu of
                                         third party insurance.

Exceptions to Representation (24)

Loan                                     Exceptions
--------------------------------------------------------------------------------
11    411 East Wisconsin                 There is a pending SEC Investigation
                                         against the principal of Mortgagor.
                                         The investigation does not include the
                                         Mortgaged Property.  A guaranty was
                                         executed for the Mortgage Loan by such
                                         principal to indemnify the holder of
                                         the Mortgage Loan from any losses
                                         resulting from such investigation.

Exceptions to Representation (32)

Loans                                    Exceptions
--------------------------------------------------------------------------------
13     Shoreview Corporate Center        The Mortgage Loan documents permit the
15     Powers Ferry Landing East         Mortgagor to obtain subordinate debt
205   Neshonoc Lakeside RV Resort        secured by a junior mortgage on the
                                         Mortgaged Property, subject to
                                         Mortgagor satisfying certain conditions
                                         set forth in the Mortgage Loan
                                         documents.

174   Meadowbrook Professional Plaza     Members of each Mortgagor may pledge
255   Rinkoff Rice Village               their respective membership interests
                                         as collateral for future mezzanine
                                         debt, subject to Mortgagor satisfying
                                         certain conditions set forth in the
                                         Mortgage Loan documents.

Exceptions to Representation (43)

Loans                                    Exceptions
--------------------------------------------------------------------------------
151   Walgreen's - Chanhassen, MN        With respect to these Mortgage Loans,
263   Walgreens - Azle, TX               Seller has waived the right to have
                                         Mortgagor maintain terrorism insurance.
                                         However, the principal under each
                                         Mortgage Loan has signed a carveout
                                         guaranty to cover any losses, costs or
                                         damages which may result from
                                         Mortgagor's failure to maintain
                                         terrorism insurance.

54    ELS - Rambler's Rest Resort        With respect to the Mortgage Loan,
95    ELS - Fiesta Grande I & II         Seller has waived the right to have
119   ELS - Tropical Palms               Mortgagor maintain terrorism insurance.
127   ELS - Venture In
159   ELS - Capri MHC & RV
165   ELS - Inlet Oaks Village
227   ELS - Foothills West
231   ELS - Casita Verde
<PAGE>

                                    EXHIBIT D
                          FORM OF OFFICER'S CERTIFICATE

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

            1. I have examined the Mortgage Loan Purchase Agreement, dated as of
June 1, 2006 (the "Agreement"), between the Company and J.P. Morgan Chase
Commercial Mortgage Securities Corp., and all of the representations and
warranties of the Company under the Agreement are true and correct in all
material respects on and as of the date hereof (or, in the case of any
particular representation or warranty set forth on Exhibit B to the Agreement,
as of such other date provided for in such representation or warranty) with the
same force and effect as if made on and as of the date hereof, subject to the
exceptions set forth in the Agreement.

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

            3. [I have examined the information regarding the Mortgage Loans in
the Prospectus, dated June 23, 2006, as supplemented by the Prospectus
Supplement, dated June 23, 2006 (collectively, the "Prospectus"), relating to
the offering of the Class A-1, Class A-2, Class A-3A, Class A-3FL, Class A-3B,
Class A-4, Class A-SB, Class A-1A, Class A-M, Class A-J, Class X, Class B, Class
C, Class D and Class E Certificates, the Private Placement Memorandum, dated
June 23, 2006 (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 23, 2006
(together with the Privately Offered Certificate Private Placement Memorandum,
the "Private Placement Memoranda"), relating to the offering of the Class R and
Class LR Certificates, and nothing has come to my attention that would lead me
to believe that the Prospectus, as of the date of the Prospectus Supplement or
as of the date hereof, or the Private Placement Memoranda, as of the date of the
Private Placement Memoranda or as of the date hereof, included or includes any
untrue statement of a material fact relating to the Mortgage Loans or omitted or
omits to state therein a material fact necessary in order to make the statements
therein relating to the Mortgage Loans, in light of the circumstances under
which they were made, not misleading.]

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

            IN WITNESS WHEREOF, I have signed my name this ___ day of June,
2006.

                                       By:____________________________________
                                          Name:
                                          Title:

<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

                         205 Neshonoc Lakeside RV Resort

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