Document:

EXHIBIT 10.2

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

                                   PURCHASER,

                                    CIBC INC.

                                     SELLER

                        MORTGAGE LOAN PURCHASE AGREEMENT

                          Dated as of November 28, 2006

                                 $1,072,690,815

                            Fixed Rate Mortgage Loans

                               Series 2006-CIBC17

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            This Mortgage Loan Purchase Agreement (this "Agreement"), dated
as of November 28, 2006, is between J.P. Morgan Chase Commercial Mortgage
Securities Corp., as purchaser (the "Purchaser"), and CIBC Inc., as seller
("CIBC" or the "Seller").

            Capitalized terms used in this Agreement not defined herein shall
have the meanings ascribed to them in the Pooling and Servicing Agreement dated
as of November 28, 2006 (the "Pooling and Servicing Agreement") among the
Purchaser, as depositor (the "Depositor"), Wells Fargo Bank, N.A., as master
servicer ("Master Servicer"), LNR Partners, Inc., as special servicer ("Special
Servicer") and LaSalle Bank National Association, as trustee (in such capacity,
the "Trustee") and as paying agent (in such capacity, the "Paying Agent"),
pursuant to which the Purchaser will sell the Mortgage Loans (as defined herein)
to a trust fund and certificates representing ownership interests in the
Mortgage Loans will be issued by the trust fund. For purposes of this Agreement,
the term "Mortgage Loans" refers to the mortgage loans listed on Exhibit A and
the term "Mortgaged Properties" refers to the properties securing such Mortgage
Loans.

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

            SECTION 1. Sale and Conveyance of Mortgages; Possession of Mortgage
File. Effective as of the Closing Date and upon receipt of the purchase price
set forth in the immediately succeeding paragraph, the Seller does hereby sell,
transfer, assign, set over and convey to the Purchaser, without recourse, all of
its right, title, and interest (subject to certain agreements regarding
servicing as provided in the Pooling and Servicing Agreement, subservicing
agreements permitted thereunder and that certain Servicing Rights Purchase
Agreement, dated as of November 16, 2006, between the Master Servicer and the
Seller) in and to the Mortgage Loans described in Exhibit A, including all
interest and principal received on or with respect to 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-3, Class A-4, Class A-SB, Class A-1A, Class X, Class A-M,
Class A-J, Class B, Class C and Class D Certificates (the "Offered
Certificates") to the underwriters specified in the underwriting agreement dated
November 16, 2006 (the "Underwriting Agreement") between the Depositor and J.P.
Morgan Securities Inc. ("JPMSI") for itself and as representative of CIBC World
Markets Corp. ("CIBCWMC") and Banc of America Securities LLC ("BofA") and Morgan
Stanley & Co. Incorporated (together with JPMSI, CIBCWMC and BofA, the
"Underwriters"), and the Depositor will sell the Class E, Class F, Class G,
Class H, Class J, Class K, Class L, Class M, Class N, Class P and Class NR
Certificates (the "Private Certificates") to JPMSI, as the initial purchaser
(together with the Underwriters, the "Dealers") specified in the certificate
purchase agreement, dated November 16, 2006 (the "Certificate Purchase
Agreement"), between the Depositor and JPMSI.

            The sale and conveyance of the Mortgage Loans is being conducted on
an arms-length basis and upon commercially reasonable terms. As the purchase
price for the Mortgage Loans, the Purchaser shall pay to the Seller or at the
Seller's direction $1,113,303,575 (plus accrued interest in the amount of
$4,901,495.24) in immediately available funds minus the costs set forth in
Section 9 hereof. The purchase and sale of the Mortgage Loans shall take place
on the Closing Date.

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

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

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

            SECTION 3. Delivery of Mortgage Loan Documents; Additional Costs and
Expenses. (a) The Purchaser hereby directs the Seller, and the Seller hereby
agrees, upon the transfer of the Mortgage Loans contemplated herein, to deliver
on the Closing Date to the Trustee or a Custodian appointed thereby, all
documents, instruments and agreements required to be delivered by the Purchaser
to the Trustee with respect to the Mortgage Loans under Sections 2.01(b) and (c)
of the Pooling and Servicing Agreement, and meeting all the requirements of such
Sections 2.01(b) and (c), and such other documents, instruments and agreements
as the Purchaser or the Trustee shall reasonably request and which are in the
Seller's possession or under the Seller's control. In addition, the Seller
agrees to deliver or cause to be delivered to 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, privileged
or internal communications or credit underwriting or due diligence analyses or
data.

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

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

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

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

            (b) it shall take any action reasonably required by the Purchaser,
the Trustee or 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 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; and

            (c) if, during such period of time after the first date of the
public offering of the Offered Certificates as in the opinion of counsel for the
Underwriters, a prospectus relating to the Offered Certificates is required by
applicable law to be delivered in connection with sales thereof by an
Underwriter or a dealer, any event shall occur as a result of which it is
necessary to amend or supplement the Prospectus Supplement, including Annex A-1,
A-2, A-3, B and D thereto and the Diskette included therewith, with respect to
any information relating to the Mortgage Loans or the Seller, in order to make
the statements therein, in the light of the circumstances when the Prospectus
Supplement is delivered to a purchaser, not misleading, or if it is necessary to
amend or supplement the Prospectus Supplement, including Annex A-1, A-2, A-3, B
and D thereto and the Diskette included therewith, with respect to any
information relating to the Mortgage Loans or the Seller, to comply with
applicable law, the Seller shall do all things necessary to assist the Depositor
to prepare and furnish, at the expense of the Seller (to the extent that such
amendment or supplement relates to the Seller, the Mortgage Loans listed on
Exhibit A and/or any information relating to the same, as provided by the
Seller), to the Underwriters such amendments or supplements to the Prospectus
Supplement as may be necessary, so that the statements in the Prospectus
Supplement as so amended or supplemented, including Annex A-1, A-2, A-3, B, and
D thereto and the Diskette included therewith, with respect to any information
relating to the Mortgage Loans or the Seller, will not, in the light of the
circumstances when the Prospectus is delivered to a purchaser, be misleading or
so that the Prospectus Supplement, including Annex A-1, A-2, A-3, B, and D
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 November 16,
2006 between the Purchaser and the Seller (the "Indemnification Agreement").

            SECTION 6. Representations and Warranties.

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

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

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

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

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

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

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

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

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

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

                  (x) it has either (A) not dealt with any Person (other than
      the Purchaser or the Dealers) that may be entitled to any commission or
      compensation in connection with the sale or purchase of the Mortgage Loans
      or entering into this Agreement or (B) paid in full any such commission or
      compensation;

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

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

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

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

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

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

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

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

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

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

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

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

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

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

            (d) Pursuant to this Agreement or Section 2.03(b) of the Pooling and
Servicing Agreement, the Seller and the Purchaser shall be given notice of any
Breach or Defect that materially and adversely affects the value of a Mortgage
Loan, the 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 Master Servicer for deposit into the Certificate Account, any
Substitution Shortfall Amount (as defined below) in connection therewith;
provided, however, that, if such Breach or Defect is capable of being cured but
not within the Initial Resolution Period, and the Seller has commenced and is
diligently proceeding with the cure of such Breach or Defect within the Initial
Resolution Period, the Seller shall have an additional 90 days commencing
immediately upon the expiration of the Initial Resolution Period (the "Extended
Resolution Period") to complete such cure (or, failing such cure, to repurchase
the related Mortgage Loan or substitute a Qualified Substitute Mortgage Loan as
described above); and provided, further, that with respect to the Extended
Resolution Period the Seller shall have delivered an officer's certificate to
the Trustee setting forth the reason such Breach or Defect is not capable of
being cured within the Initial Resolution Period and what actions the Seller is
pursuing in connection with the cure thereof and stating that the Seller
anticipates that such Breach or Defect will be cured within the Extended
Resolution Period. Notwithstanding the foregoing, any Defect or Breach which
causes any Mortgage Loan not to be a "qualified mortgage" (within the meaning of
Section 860G(a)(3) of the Code, without regard to the rule of Treasury
Regulations Section 1.860G-2(f)(2) which causes a defective mortgage loan to be
treated as a qualified mortgage) shall be deemed to materially and adversely
affect the interests of the holders of the Certificates therein, and such
Mortgage Loan shall be repurchased or a Qualified Substitute Mortgage Loan
substituted in lieu thereof without regard to the extended cure period described
in the preceding sentence. If the affected Mortgage Loan is to be repurchased,
the Seller shall remit the Repurchase Price (defined below) in immediately
available funds to the Trustee.

            If any Breach pertains to a representation or warranty that the
related Mortgage Loan documents or any particular Mortgage Loan document
requires the related Mortgagor to bear the costs and expenses associated with
any particular action or matter under such Mortgage Loan document(s), then
Seller shall not be required to repurchase such Mortgage Loan and the sole
remedy with respect to any Breach of such representation shall be to cure such
Breach within the applicable cure period (as the same may be extended) by
reimbursing the Trust Fund (by wire transfer of immediately available funds) the
reasonable amount of any such costs and expenses incurred by 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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

                                 * * * * * *

<PAGE>

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

                                       J.P. MORGAN CHASE COMMERCIAL MORTGAGE
                                          SECURITIES CORP.

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

                                       CIBC INC.

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

                                    EXHIBIT A

                             MORTGAGE LOAN SCHEDULE

         JPMCC 2006-CIBC17
         Mortgage Loan Schedule (Combined)

<TABLE>
<CAPTION>

Loan #   Mortgagor Name                             Property Address                        City                 State      Zip Code
------   ----------------------------------------   -------------------------------------   ------------------   --------   --------
<S>      <C>                                        <C>                                     <C>                  <C>        <C>
     3   MG Hotel SPE LLC                           1033 Avenue of the Americas             New York             NY            10018
     7   Cityview Apartments Associates LP 2,       Various                                 Houston              TX            77060
         LLLP
  7.01                                              16818 Carl Avenue                       Houston              TX            77060
  7.02                                              17435 Imperial Valley Drive             Houston              TX            77060
  7.03                                              855 Greens Road                         Houston              TX            77060
  7.04                                              770 Greens Road                         Houston              TX            77060
  7.05                                              850 Briar Willow Drive                  Houston              TX            77060
  7.06                                              17715 Wayforest Drive                   Houston              TX            77060
  7.07                                              17206 Imperial Valley Drive             Houston              TX            77060
     8   Columbia Properties Newark, LLC            128 Frontage Road                       Newark               NJ            07114
    10   Great Neck Towers LLC, NN Great Neck       111 Great Neck Road                     Great Neck           NY            11021
         Towers, LLC, HH Great Neck Towers,
         LLC, Eljan Great Neck Towers, LLC
    11   National East Waterway LLC, NB 3601        Various                                 Baltimore            MD            21224
         Waterway LLC and Gunther Headquarters
         Waterway LLC
 11.01                                              3700 O'Donnell Street                   Baltimore            MD            21224
 11.02                                              3600 O'Donnell Street                   Baltimore            MD            21224
 11.03                                              3601-3607 O'Donnell Street              Baltimore            MD            21224
    14   Hawaii Kai Dunhill IDG Limited             377 Keahole Street                      Honolulu             HI            96825
         Partnership, Hawaii Kai Building B
         Limited Partnership, Hawaii Kai
         Building E Limited Partnership
    15   Magic Valley Mall LLC                      1485 Pole Line Road East                Twin Falls           ID            83301
    16   Chase Green Mountain Limited               315 South Main Street                   Rutland              VT            05701
         Partnership
    18   HRI/LS, LLC                                170 West Ridgely Road                   Lutherville          MD            21093
    20   BH Fossil Creek Apartments, L.P.           3440 Western Center Boulevard           Fort Worth           TX            76137
    23   RP Altamonte II, LLC                       NWC State Road 436 & Cranes Roost
                                                    Boulevard                               Altamonte Springs    FL            32714
    24   WA Shoppes, LLC                            946 Orleans Road                        Charleston           SC            29407
    25   Tenalok Partners, Ltd.                     Various                                 Various              Various     Various
 25.01                                              2632 Frayser Boulevard                  Memphis              TN            38127
 25.02                                              3001-3009 East Frank Phillips
                                                    Boulevard                               Bartlesville         OK            74006
 25.03                                              1130 Andalusia Bypass                   Andalusia            AL            36420
 25.04                                              2220 Frayser Boulevard                  Memphis              TN            38127
 25.05                                              1780 Frayser Boulevard                  Memphis              TN            38127
    28   Edison Mall Acquisition, LLC               765 US Route 1                          Edison               NJ            08817
    30   2213-2303 W. Alondra & 2214-2302 W.        Various                                 Various              CA          Various
         Cypress, LLC, 11629-11655 Valley, LLC
         and 4349-4369 Central, LLC
 30.01                                              2213-2303 Alondra Boulevard &
                                                    2214-2304 West                          Compton              CA            90220
                                                    Cypress Boulevard
 30.02                                              11629-11655 Valley Boulevard            El Monte             CA            91732
 30.03                                              4349-4371 Central Avenue                Los Angeles          CA            90011
    33   East Hartford Founders LLC                 99 Founders Plaza                       East Hartford        CT            06108
    35   Kennesaw Gardens Associates, LLC, NB       3840 Jiles Road NW                      Kennesaw             GA            30144
         Associates Kennesaw, LLC, Wolfsnar
         Kennesaw, LLC, Prospect Kennesaw, LLC,
         Simmons Kennesaw, LLC
    36   RP Altamonte I, LLC                        293 East Altamonte Drive                Altamonte Springs    FL            32701
    37   POAL BL NQ, LLC                            Various                                 Various              Various     Various
 37.01                                              2200 Northlake Parkway                  Tucker               GA            30084
 37.02                                              8200 Old Dexter Road                    Cordova              TN            38016
 37.03                                              8176 Old Dexter Road                    Cordova              TN            38016
 37.04                                              1679 Bonnie Lane Road                   Cordova              TN            38016
 37.05                                              1690 Bonnie Lane Road                   Cordova              TN            38016
 37.06                                              1665 Bonnie Lane Road                   Cordova              TN            38016
 37.07                                              1650 Bonnie Lane Road                   Cordova              TN            38016
 37.08                                              1630 Bonnie Lane Road                   Cordova              TN            38016
 37.09                                              1600 Bonnie Lane Road                   Cordova              TN            38016
  37.1                                              1660 Bonnie Lane Road                   Cordova              TN            38016
 37.11                                              1590 Bonnie Lane Road                   Cordova              TN            38016
 37.12                                              1680 Bonnie Lane Road                   Cordova              TN            38016
 37.13                                              1695 Bonnie Lane Road                   Cordova              TN            38016
 37.14                                              1620 Bonnie Lane Road                   Cordova              TN            38016
    38   7312 Parkway Associates LLC                7312 Parkway Drive South                Hanover              MD            21076
    40   Torrey Heights Medical Building LLC        4765 Carmel Mountain Road               San Diego            CA            92130
         and Carmel Valley Medical Building, LLC
    41   Schirm Farms Realty, LLC                   6354 Saddler Way                        Canal Winchester     OH            43110
    44   Navnish Park City, LLC                     Various                                 Park City            UT            84098
 44.01                                              1501 Ute Boulevard                      Park City            UT            84098
 44.02                                              6609 Landmark Drive                     Park City            UT            84098
    46   Southland Office Investors, LLC            24301 Southland Drive                   Hayward              CA            94545
    47   7437 RR Associates, LLC                    7437 Race Road                          Hanover              MD            21076
    48   Livingston I Associates, L.P.              65 Livingston Avenue                    Roseland             NJ            07068
    49   7301 Parkway Associates LLC                7301 Parkway Drive South                Hanover              MD            21076
    50   Majestic Texas-Grapevine, L.P.             2400 South IH 35                        Round Rock           TX            78681
    53   PM Foxfire Tempe, LLC                      1701 East 8th Street                    Tempe                AZ            85281
    54   Glenbend, LLC                              1301 Scotland Crossing Drive            Laurinburg           NC            28352
    55   Northland 260 Needham LLC                  260 Needham Street                      Newton               MA            02464
    59   Adams Run Shopping Center Associates,      6201 North Front Street                 Philadelphia         PA            19120
         L.P.
    60   Palmer/William Penn, LLC                   3725 Nicholas Street                    Easton               PA            18045
    61   Oak Hills Broadway, LLC                    1455 Edgewater Street NW                Salem                OR            97304
    62   Milan-Camino Oruga, L.L.C., Milan-East     Various                                 Various              Various     Various
         Park Row, L.P., Milan-Tacoma, L.P.,
         Milan-Tanner, L.P.
 62.01                                              11302 Tanner Road                       Houston              TX            77041
 62.02                                              122 Camino Oruga                        Napa                 CA            94558
 62.03                                              3401 East Park Row Drive                Arlington            TX            76010
 62.04                                              5151 Tacoma Drive                       Houston              TX            77041
    63   MEG Dicks Durham LLC                       5422 New Hope Commons Drive             Durham               NC            27707
    65   Eastside Dunhill, Ltd.                     7440 & 7460 Youree Drive                Shreveport           LA            71105
    68   Jai Sachchidanand Hospitality, Inc.        4015 SW 43rd Street                     Gainesville          FL            32608
    72   Terrace Shopping Center Limited            400 North Greenville Avenue             Richardson           TX            75081
    74   Schultz-Markel Associates, LLC             310 State Highway 35                    Middletown           NJ            07701
    75   9950 Cheyenne LLC                          9950 West Cheyenne Avenue               Las Vegas            NV            89129
    76   Sabine Street Partners-Win, LLC, Alori     15803 Winderemere Drive                 Pflugerville         TX            78660
         Properties-600 West 51 St Win, LLC,
         Alori Properties-2302 Leon Win LLC,
         Alori Properties-1904 San Gabriel Win,
         LLC, Alori Properties-6811 Great
         Northern Win, LLC
    77   Glendale Shopping Center SPE, L.L.C.       500-554 East North Avenue               Glendale Heights     IL            60139
    83   Tejas Jivan, Inc.                          1308 North Saint Augustine Road         Valdosta             GA            31601
    84   Los Gatos Gateway, LLC                     14777 Los Gatos Boulevard               Los Gatos            CA            95032
    85   Rosedale Village II, LLC                   2749 Callaway Drive                     Bakersfield          CA            93312
    87   The Retreat (GFI) Apartments, LLLP         22715 Imperial Valley Drive             Houston              TX            77073
    89   Galleria West Associates, LLP              18900 West Bluemound Road               Brookfield           WI            53045
    90   2350 North Forest LLC                      2350 North Forest Road                  Getzville            NY            14068
    91   Corporate Retail, L.L.C.                   7474 Corporate Boulevard                Baton Rouge          LA            70809
    93   Stafford Street Acquisition, LLC           243 Stafford Street                     Worcester            MA            01603
    94   BSJ Realty, L.L.C.                         460 Bergen Boulevard                    Palisades Park       NJ            07650
    96   Seashore Equities, LLC                     1362 Brass Mill Road                    Belcamp              MD            21017
    97   Sumerlin, LLC                              16101 North El Mirage Road              El Mirage            AZ            85335
    98   Rosewood Realty Trust                      287 Chauncy Street                      Mansfield            MA            02048
   102   Walnor, LLC                                1030 Norwood Park Boulevard             Austin               TX            78753
   103   Posh Properties No. 27, Forks Family       1805 Sullivan Trail                     Forks Township       PA            18040
         Limited Partnership
   104   Park Ten of Houston LLC, D/B/A In          15835 Park Ten Place                    Houston              TX            77084
         Texas as Park Ten of Houston Building,
         LLC, Houston Point, L.L.C., Swamp
         Cabbage Properties, LLC, JD of Naples,
         LLC, D/B/A In Texas as JD of Naples
         Broadview, LLC, Walbar II, LLC, D/B/A
         Houston Walbar II, LLC, T&R
         Investments, LLC, D/B/A In Texas as
         San Antonio T&R Investments, LLC
   107   Sage Creek Partners, LLC                   1702-1768 Billings Street               Aurora               CO            80011
   108   East Park Associates                       3905 Donna Jane Court                   Harrisburg           PA            17109
   109   Santana Shopping Center, LLC               265 and 285 North Federal Street        Chandler             AZ            85226
   110   VP Partners, L.L.C.                        1201 Phyllis Drive                      Bentonville          AR            72712
   111   RP CVS Goldenrod, LLC                      7300 Curry Ford Road                    Orlando              FL            32822
   112   Spagnoli II LLC                            130 Spagnoli Road                       Melville             NY            11747
   113   Reese Merrifalls LLC                       7810 Lee Highway                        Falls Church         VA            22042
   114   Landmark Manor, L.L.C.                     459 Landmark Manor Drive                Pevely               MO            63070
   117   Great Falls Plaza LP                       1201 Julian R Allsbrook Highway         Roanoke Rapids       NC            27870
   119   Motor II LLC                               999 Motor Parkway                       Hauppauge            NY            11788
   120   9900 Lee Highway, LLC                      9900 Fairfax Boulevard                  Fairfax              VA            22030
   123   Sutton-Walters Limited Partnership         200 North High Street                   West Chester         PA            19380
   126   Houston HD Industrial Building, L.P.       18100 Chisholm Trail                    Houston              TX            77060
   131   Charla Management, LLC                     7000 Wisconsin Avenue                   Chevy Chase          MD            20815
   132   Hartwell Lexington Limited Partnership     4 Hartwell Place                        Lexington            MA            02421
   138   Snowden River Associates, LLC              9500 Berger Road                        Columbia             MD            21046
   141   Pennsylvania Properties Management         400 South 30th Street                   Harrisburg           PA            17103
         Company
   147   RP Alafaya, LLC                            7 Alafaya Woods Boulevard               Oviedo               FL            32765

<CAPTION>

                                                                                                   Interest   Net Mortgage
Loan #   County             Property Name                                  Size      Measure       Rate (%)   Interest Rate
------   ----------------   -------------------------------------------   --------   -----------   ---------  -------------
<S>      <C>                <C>                                           <C>        <C>           <C>        <C>
     3   New York           Residence Inn Times Square                         357   Rooms           6.15000        6.12920
     7   Harris             CityView Portfolio II                             2226   Units           6.18000        6.15920
  7.01   Harris             City View Place                                    881   Units           6.18000
  7.02   Harris             Springfield                                        440   Units           6.18000
  7.03   Harris             Anniston                                           292   Units           6.18000
  7.04   Harris             Bennett                                            216   Units           6.18000
  7.05   Harris             Charleston                                         154   Units           6.18000
  7.06   Harris             Savannah                                           184   Units           6.18000
  7.07   Harris             Cambridge                                           59   Units           6.18000
     8   Essex              Sheraton at Newark International Airport           504   Rooms           6.28000        6.25920
    10   Nassau             The Towers                                      160262   Square Feet     6.50000        6.47920
    11   Baltimore City     Brewer's Hill                                   384107   Square Feet     6.38000        6.33920
 11.01   Baltimore City     Malt Mill                                       156730   Square Feet     6.38000
 11.02   Baltimore City     Natty Boh                                       186115   Square Feet     6.38000
 11.03   Baltimore City     Gunther Headquarters                             41262   Square Feet     6.38000
    14   Honolulu           Hawaii Kai Shopping Center                      140210   Square Feet     6.44000        6.41920
    15   Twin Falls         Magic Valley Mall                               368535   Square Feet     5.99000        5.96920
    16   Rutland            Green Mountain Plaza                            213358   Square Feet     5.97000        5.94920
    18   Baltimore          Lutherville Station                             270472   Square Feet     5.76000        5.73920
    20   Tarrant            AMLI on the Green                                  424   Units           5.78000        5.75920
    23   Seminole           Altamonte Town Center II                         77592   Square Feet     5.73000        5.70920
    24   Charleston         West Ashley Shoppes                             141260   Square Feet     5.93000        5.90920
    25   Various            Com Realty Portfolio                            394102   Square Feet     6.00000        5.97920
 25.01   Shelby             Frayser Village                                 141611   Square Feet     6.00000
 25.02   Washington         Bartlesville Plaza                               88866   Square Feet     6.00000
 25.03   Covington          Three Notch Plaza                                45899   Square Feet     6.00000
 25.04   Shelby             Frayser Plaza                                    91549   Square Feet     6.00000
 25.05   Shelby             Frayser Center                                   26177   Square Feet     6.00000
    28   Middlesex          Edison Mall Shopping Center                     103996   Square Feet     5.95000        5.88920
    30   Los Angeles        Westland Portfolio                               50992   Various         5.87000        5.84920
 30.01   Los Angeles        Alondra Apartments                                 103   Units           5.87000
 30.02   Los Angeles        El Monte                                         29710   Square Feet     5.87000
 30.03   Los Angeles        Central Avenue Plaza                             21282   Square Feet     5.87000
    33   Hartford           99 Founders Plaza                               148000   Square Feet     6.26000        6.23920
    35   Cobb               Bridges of Kennesaw Apartments                     296   Units           6.08000        6.05920
    36   Seminole           Altamonte Town Center I                          79514   Square Feet     5.73000        5.70920
    37   Various            Bonnie Lane and Northlake Portfolio             164882   Square Feet     6.51436        6.49356
 37.01   DeKalb             Northlake Quadrangle                             77787   Square Feet     6.51436
 37.02   Shelby             8200 Old Dexter Road                              7212   Square Feet     6.51436
 37.03   Shelby             8176 Old Dexter Road                              7016   Square Feet     6.51436
 37.04   Shelby             1679 Bonnie Lane Road                             7000   Square Feet     6.51436
 37.05   Shelby             1690 Bonnie Lane Road                             7000   Square Feet     6.51436
 37.06   Shelby             1665 Bonnie Lane Road                             7000   Square Feet     6.51436
 37.07   Shelby             1650 Bonnie Lane Road                             7000   Square Feet     6.51436
 37.08   Shelby             1630 Bonnie Lane Road                             6950   Square Feet     6.51436
 37.09   Shelby             1600 Bonnie Lane Road                             6700   Square Feet     6.51436
  37.1   Shelby             1660 Bonnie Lane Road                             7000   Square Feet     6.51436
 37.11   Shelby             1590 Bonnie Lane Road                             5925   Square Feet     6.51436
 37.12   Shelby             1680 Bonnie Lane Road                             6392   Square Feet     6.51436
 37.13   Shelby             1695 Bonnie Lane Road                             5000   Square Feet     6.51436
 37.14   Shelby             1620 Bonnie Lane Road                             6900   Square Feet     6.51436
    38   Anne Arundel       7312 Parkway Drive South                        121064   Square Feet     5.88000        5.85920
    40   San Diego          Torrey Hills Family Medical Center               44101   Square Feet     6.44000        6.41920
    41   Franklin           Schirm Farm Apartments                             264   Units           5.72000        5.69920
    44   Summit             Park City Hampton and Holiday Inns Portfolio       157   Rooms           6.89000        6.86920
 44.01   Summit             Holiday Inn Express                                 76   Rooms           6.89000
 44.02   Summit             Hampton Inn & Suites                                81   Rooms           6.89000
    46   Almeda             Southland Office Tower                          130387   Square Feet     6.24000        6.21920
    47   Anne Arundel       7437 Race Road                                  105000   Square Feet     5.88000        5.85920
    48   Essex              65 Livingston Avenue                            107734   Square Feet     6.00000        5.97920
    49   Anne Arundel       7301 Parkway Drive South                         99673   Square Feet     5.88000        5.85920
    50   Williamson         Hester's Crossing Shopping Center                76091   Square Feet     6.16000        6.13920
    53   Maricopa           Foxfire Apartments                                 188   Units           6.15000        6.12920
    54   Scotland           Scotland Crossing Shopping Center               145442   Square Feet     6.20000        6.17920
    55   Middlesex          Linens N' Things                                 35591   Square Feet     5.80000        5.77920
    59   Philadelphia       Adam's Run Shopping Center                       93656   Square Feet     6.20000        6.17920
    60   Northampton        Palmer Super Center                              98862   Square Feet     6.13000        6.10920
    61   Polk               Oak Hills Mall                                  131718   Square Feet     5.99000        5.96920
    62   Various            Clay Portfolio                                  118638   Square Feet     6.05000        6.02920
 62.01   Harris             Aqua Services                                    57798   Square Feet     6.05000
 62.02   Napa               United Rental Facility - Napa                    20200   Square Feet     6.05000
 62.03   Tarrant            Ingersoll Rand                                   20640   Square Feet     6.05000
 62.04   Harris             United Rental Facility - Houston                 20000   Square Feet     6.05000
    63   Durham             Dick's Sporting Goods - Durham                   57925   Square Feet     6.61000        6.58920
    65   Caddo              East Side Plaza                                  78635   Square Feet     5.94000        5.91920
    68   Alachua            Country Inn & Suites - Gainesville, FL              90   Rooms           6.18000        6.15920
    72   Dallas             Terrace Shopping Center                          80712   Square Feet     6.10000        6.07920
    74   Monmouth           Independence Plaza II                            41948   Square Feet     6.32000        6.29920
    75   Clark              Cheyenne - ROCGD                                 32850   Square Feet     6.15000        6.07920
    76   Travis             Windermere Center                                57998   Square Feet     6.00000        5.97920
    77   Du Page            Glendale Shopping Center                         89631   Square Feet     5.98000        5.95920
    83   Lowndes            Country Inn & Suites - Valdosta, GA                 71   Rooms           6.18000        6.15920
    84   Santa Clara        Los Gatos Gateway                                18596   Square Feet     5.66000        5.63920
    85   Kern               Rosedale Village II                              90867   Square Feet     6.20000        6.17920
    87   Harris             The Retreat Apartments                             274   Units           5.93000        5.90920
    89   Waukesha           Galleria West Shopping Center                    63926   Square Feet     5.92000        5.89920
    90   Erie               Saint Rita's                                     63359   Square Feet     6.01000        5.98920
    91   East Baton Rouge   Courtside Crossing at Bocage                     33625   Square Feet     6.25000        6.22920
    93   Worcester          Stafford Commerce Center                        204890   Square Feet     6.02000        5.95920
    94   Bergen             460 Bergen Boulevard                             43725   Square Feet     5.95000        5.92920
    96   Harford            Business Center at Riverside                     45000   Square Feet     6.07000        6.04920
    97   Maricopa           The Palms of El Mirage                             153   Pads            5.85000        5.82920
    98   Bristol            Copeland Crossing Apartments                        42   Units           6.10000        6.07920
   102   Travis             Norwood Plaza                                    35484   Square Feet     5.85000        5.82920
   103   Northampton        Towne Center at Sullivan Trail                   31225   Square Feet     6.13000        6.05920
   104   Harris             Atwood Oceanics Building                         59546   Square Feet     5.95000        5.92920
   107   Adams              Sage Creek Apartments                              125   Units           6.14000        6.11920
   108   Dauphin            Chestnut Heights Apartments                         92   Units           6.00000        5.97920
   109   Maricopa           Santana Shopping Center                          33203   Square Feet     6.18000        6.15920
   110   Benton             Value Place                                        121   Rooms           6.30000        6.27920
   111   Orange             CVS Goldenrod                                    13013   Square Feet     5.63000        5.60920
   112   Suffolk            130 Spagnoli Road                                43560   Square Feet     6.16000        6.13920
   113   Fairfax            Merrifalls Plaza                                 18215   Square Feet     6.05000        6.02920
   114   Jefferson          Landmark Manor MHP                                 176   Pads            6.15000        6.12920
   117   Halifax            Great Falls Plaza                               120624   Square Feet     6.10000        6.07920
   119   Suffolk            999 Motor Parkway                                48345   Square Feet     6.16000        6.13920
   120   Fairfax City       Regency Furniture                                23298   Square Feet     6.13000        6.10920
   123   Chester            200 North High Street                            17529   Square Feet     5.90000        5.87920
   126   Harris             Home Depot - Houston                             83344   Square Feet     6.03000        6.00920
   131   Montgomery         7000 Wisconsin Avenue                            12894   Square Feet     5.92000        5.89920
   132   Middlesex          4 Hartwell Place                                 40000   Square Feet     6.16000        6.13920
   138   Howard             Cabinet Discounters                              35575   Square Feet     5.93000        5.90920
   141   Dauphin            Penn Square Apartments                              70   Units           6.00000        5.97920
   147   Seminole           Alafaya Pointe                                    7600   Square Feet     5.82000        5.79920

<CAPTION>

         Original                              Rem.   Maturity/ARD   Amort.   Rem.     Monthly        Servicing
Loan #   Balance      Cutoff Balance    Term   Term   Date           Term     Amort.   Debt Service   Fee Rate    Accrual Type
------   -----------  ---------------   ----   ----   ------------   ------   ------   ------------   ---------   ------------
<S>      <C>           <C>              <C>    <C>    <C>            <C>      <C>      <C>            <C>         <C>
     3   151,000,000      150,598,843    120    118       09/01/16      300      298        986,787     0.02000     Actual/360
     7    60,260,000       60,158,439    120    117       08/01/16      420      417        350,911     0.02000     Actual/360
  7.01    22,677,867       22,639,646    120    117       08/01/16      420      417                    0.02000
  7.02    11,307,660       11,288,602    120    117       08/01/16      420      417                    0.02000
  7.03     7,960,373        7,946,957    120    117       08/01/16      420      417                    0.02000
  7.04     5,482,260        5,473,020    120    117       08/01/16      420      417                    0.02000
  7.05     5,083,260        5,074,693    120    117       08/01/16      420      417                    0.02000
  7.06     5,067,300        5,058,760    120    117       08/01/16      420      417                    0.02000
  7.07     2,681,280        2,676,761    120    117       08/01/16      420      417                    0.02000
     8    60,000,000       59,803,450    120    116       07/01/16      360      356        370,602     0.02000     Actual/360
    10    46,500,000       46,500,000    120    120       11/01/16        0        0        255,373     0.02000     Actual/360
    11    40,300,000       40,300,000    120    116       07/01/16      360      360        251,551     0.04000     Actual/360
 11.01    18,000,000       18,000,000    120    116       07/01/16      360      360                    0.01000
 11.02    16,350,000       16,350,000    120    116       07/01/16      360      360                    0.01000
 11.03     5,950,000        5,950,000    120    116       07/01/16      360      360                    0.01000
    14    33,000,000       33,000,000    300    298       09/01/31      360      360        207,282     0.02000     Actual/360
    15    33,000,000       33,000,000    120    120       11/01/16      360      360        197,640     0.02000     Actual/360
    16    33,000,000       33,000,000    120    119       10/01/16        0        0        166,455     0.02000     Actual/360
    18    26,000,000       26,000,000    120    119       10/01/16      360      360        151,894     0.02000     Actual/360
    20    22,750,000       22,750,000    120    120       11/01/16        0        0        111,101     0.02000     Actual/360
    23    21,510,000       21,510,000     60     60       11/01/11      360      360        125,253     0.02000     Actual/360
    24    20,500,000       20,500,000    120    120       11/01/16      360      360        121,987     0.02000     Actual/360
    25    20,400,000       20,400,000    120    120       11/01/16      360      360        122,308     0.02000     Actual/360
 25.01    11,200,000       11,200,000    120    120       11/01/16      360      360                    0.02000
 25.02     2,600,000        2,600,000    120    120       11/01/16      360      360                    0.02000
 25.03     2,600,000        2,600,000    120    120       11/01/16      360      360                    0.02000
 25.04     2,300,000        2,300,000    120    120       11/01/16      360      360                    0.02000
 25.05     1,700,000        1,700,000    120    120       11/01/16      360      360                    0.02000
    28    18,400,000       18,400,000    120    119       10/01/16      360      360        109,727     0.06000     Actual/360
    30    18,190,000       18,174,403    120    119       10/01/16      360      359        107,543     0.02000     Actual/360
 30.01     8,000,000        7,993,140    120    119       10/01/16      360      359                    0.02000
 30.02     5,750,000        5,745,070    120    119       10/01/16      360      359                    0.02000
 30.03     4,440,000        4,436,193    120    119       10/01/16      360      359                    0.02000
    33    17,000,000       17,000,000    120    119       10/01/16      360      360        104,783     0.02000     Actual/360
    35    16,000,000       16,000,000    120    118       09/01/16        0        0         82,193     0.02000     Actual/360
    36    15,400,000       15,400,000     60     60       11/01/11      360      360         89,675     0.02000     Actual/360
    37    15,100,000       15,100,000    120    117       08/01/16      360      360         94,729     0.02000     Actual/360
 37.01     5,583,000        5,583,000    120    117       08/01/16      360      360                    0.02000
 37.02       911,000          911,000    120    117       08/01/16      360      360                    0.02000
 37.03       853,000          853,000    120    117       08/01/16      360      360                    0.02000
 37.04       834,000          834,000    120    117       08/01/16      360      360                    0.02000
 37.05       834,000          834,000    120    117       08/01/16      360      360                    0.02000
 37.06       775,000          775,000    120    117       08/01/16      360      360                    0.02000
 37.07       756,000          756,000    120    117       08/01/16      360      360                    0.02000
 37.08       716,000          716,000    120    117       08/01/16      360      360                    0.02000
 37.09       659,000          659,000    120    117       08/01/16      360      360                    0.02000
  37.1       659,000          659,000    120    117       08/01/16      360      360                    0.02000
 37.11       640,000          640,000    120    117       08/01/16      360      360                    0.02000
 37.12       640,000          640,000    120    117       08/01/16      360      360                    0.02000
 37.13       620,000          620,000    120    117       08/01/16      360      360                    0.02000
 37.14       620,000          620,000    120    117       08/01/16      360      360                    0.02000
    38    15,000,000       15,000,000    120    120       11/01/16      360      360         88,779     0.02000     Actual/360
    40    14,350,000       14,326,245     84     82       09/01/13      360      358         90,136     0.02000     Actual/360
    41    13,760,000       13,760,000    120    120       11/01/16      360      360         80,038     0.02000     Actual/360
    44    13,100,000       13,080,496     60     58       09/01/11      360      358         86,189     0.02000     Actual/360
 44.01     6,620,700        6,610,843     60     58       09/01/11      360      358                    0.02000
 44.02     6,479,300        6,469,653     60     58       09/01/11      360      358                    0.02000
    46    13,000,000       13,000,000    120    116       07/01/16      360      360         79,959     0.02000     Actual/360
    47    13,000,000       13,000,000    120    120       11/01/16      360      360         76,941     0.02000     Actual/360
    48    12,000,000       12,000,000    120    119       10/01/16      360      360         71,946     0.02000     Actual/360
    49    12,000,000       12,000,000    120    120       11/01/16      360      360         71,023     0.02000     Actual/360
    50    11,500,000       11,500,000    120    120       11/01/16      360      360         70,136     0.02000     Actual/360
    53    11,000,000       11,000,000    120    120       11/01/16      360      360         67,015     0.02000     Actual/360
    54    10,300,000       10,300,000    120    118       09/01/16      360      360         63,084     0.02000     Actual/360
    55    10,300,000       10,300,000     84     83       10/01/13        0        0         50,475     0.02000     Actual/360
    59     9,800,000        9,792,299    120    119       10/01/16      360      359         60,022     0.02000     Actual/360
    60     9,600,000        9,600,000    120    119       10/01/16      360      360         58,362     0.02000     Actual/360
    61     9,500,000        9,500,000    120    118       09/01/16      360      360         56,896     0.02000     Actual/360
    62     9,500,000        9,500,000    120    120       11/01/16      360      360         57,263     0.02000     Actual/360
 62.01     4,825,000        4,825,000    120    120       11/01/16      360      360                    0.02000
 62.02     1,810,000        1,810,000    120    120       11/01/16      360      360                    0.02000
 62.03     1,525,000        1,525,000    120    120       11/01/16      360      360                    0.02000
 62.04     1,340,000        1,340,000    120    120       11/01/16      360      360                    0.02000
    63     9,200,000        9,172,276     60     56       07/01/11      360      356         58,817     0.02000     Actual/360
    65     8,915,000        8,915,000    120    118       09/01/16      360      360         53,107     0.02000     Actual/360
    68     8,500,000        8,500,000    120    120       11/01/16      300      300         55,705     0.02000     Actual/360
    72     7,755,000        7,755,000    120    120       11/01/16      300      300         50,441     0.02000     Actual/360
    74     7,400,000        7,400,000    120    118       09/01/16      360      360         45,901     0.02000     Actual/360
    75     7,400,000        7,400,000    120    120       11/01/16      360      360         45,083     0.07000     Actual/360
    76     7,400,000        7,400,000    120    120       11/01/16      360      360         44,367     0.02000     Actual/360
    77     7,100,000        7,100,000    120    119       10/01/16      360      360         42,477     0.02000     Actual/360
    83     6,500,000        6,500,000    120    120       11/01/16      300      300         42,598     0.02000     Actual/360
    84     6,500,000        6,500,000    120    120       11/01/16      360      360         37,561     0.02000     Actual/360
    85     6,500,000        6,488,632    120    118       09/01/16      360      358         39,810     0.02000     Actual/360
    87     6,200,000        6,200,000    120    120       11/01/16      360      360         36,894     0.02000     Actual/360
    89     6,000,000        6,000,000    120    118       09/01/16       0        0          30,011     0.02000     Actual/360
    90     5,800,000        5,800,000    120    118       09/01/16      360      360         34,811     0.02000     Actual/360
    91     5,775,000        5,765,014    120    118       09/01/16      360      358         35,558     0.02000     Actual/360
    93     5,650,000        5,650,000    120    120       11/01/16      360      360         33,947     0.06000     Actual/360
    94     5,600,000        5,600,000    120    120       11/01/16      360      360         33,395     0.02000     Actual/360
    96     5,400,000        5,400,000    120    118       09/01/16      360      360         32,619     0.02000     Actual/360
    97     5,200,000        5,193,270    120    118       09/01/16      420      418         29,128     0.02000     Actual/360
    98     5,100,000        5,100,000    126    125       04/01/17       0        0          26,285     0.02000     Actual/360
   102     4,925,000        4,925,000    120    120       11/01/16      360      360         29,055     0.02000     Actual/360
   103     4,850,000        4,850,000     84     84       11/01/13      360      360         29,485     0.07000     Actual/360
   104     4,800,000        4,800,000    120    119       10/01/16      360      360         28,624     0.02000     Actual/360
   107     4,650,000        4,650,000    120    114       05/01/16      360      360         28,299     0.02000     Actual/360
   108     4,550,000        4,550,000    120    119       10/01/16      360      360         27,280     0.02000     Actual/360
   109     4,500,000        4,500,000    120    117       08/01/16      360      360         27,503     0.02000     Actual/360
   110     4,400,000        4,400,000    120    120       11/01/16      240      240         32,289     0.02000     Actual/360
   111     4,400,000        4,400,000     60     60       11/01/11      360      360         25,343     0.02000     Actual/360
   112     4,400,000        4,400,000    120    120       11/01/16      360      360         26,835     0.02000     Actual/360
   113     4,365,000        4,365,000    120    120       11/01/16      360      360         26,311     0.02000     Actual/360
   114     4,330,000        4,318,856     84     81       08/01/13      360      357         26,380     0.02000     Actual/360
   117     4,151,000        4,125,027    120    113       04/01/16      360      353         25,155     0.02000     Actual/360
   119     4,000,000        4,000,000    120    120       11/01/16      360      360         24,395     0.02000     Actual/360
   120     4,000,000        3,996,797    120    119       10/01/16      360      359         24,317     0.02000     Actual/360
   123     3,800,000        3,796,767    120    119       10/01/16      360      359         22,539     0.02000     Actual/360
   126     3,700,000        3,700,000    120    120       11/01/16      360      360         22,255     0.02000     Actual/360
   131     3,210,000        3,210,000    120    120       11/01/16      360      360         19,081     0.02000     Actual/360
   132     3,200,000        3,200,000     60     60       11/01/11       0        0          16,655     0.02000     Actual/360
   138     3,000,000        3,000,000    120    120       11/01/16      360      360         17,852     0.02000     Actual/360
   141     2,800,000        2,800,000    120    119       10/01/16      360      360         16,787     0.02000     Actual/360
   147     1,610,000        1,610,000     60     60       11/01/11      360      360          9,467     0.02000     Actual/360

<CAPTION>

                                                           Originator/
         ARD     ARD Step                        Crossed   Loan                                                         Letter of
Loan #   (Y/N)   Up (%)      Title Type           Loan     Seller       Guarantor                                       Credit
------   -----   --------    -----------------   -------   -----------  --------------------------------------------    -----------
<S>      <C>     <C>         <C>                 <C>       <C>          <C>                                             <C>
     3   No                  Fee                           CIBC         Granite Companies LLC                           No
     7   No                  Fee                           CIBC         Allen Gross                                     No
  7.01                       Fee                           CIBC                                                         No
  7.02                       Fee                           CIBC                                                         No
  7.03                       Fee                           CIBC                                                         No
  7.04                       Fee                           CIBC                                                         No
  7.05                       Fee                           CIBC                                                         No
  7.06                       Fee                           CIBC                                                         No
  7.07                       Fee                           CIBC                                                         No
     8   No                  Fee                           CIBC         Columbia Sussex Corporation                     No
    10   No                  Fee                           CIBC         Philip Pilevsky                                 No
    11   No                                                CIBC         OCRE Beer Hill LLC, SBER Development Services
                             Fee and                                    LLC, National East LLC, NB 3601 LLC, Gunther
                             Leasehold                                  Headquarters LLC                                No
 11.01                       Fee                           CIBC                                                         No
 11.02                       Fee                           CIBC                                                         No
 11.03                       Fee                           CIBC                                                         No
    14   No                  Leasehold                     CIBC         William L. Hutchinson                           No
    15   No                                                CIBC         W. Richards Woodbury, O. Randall Woodbury,
                                                                        Ezekiel R. Dumke III, Scott W. Thornton, Lynn
                                                                        S. Woodbury, Guy R. Woodbury, Jeffrey K.
                             Fee                                        Woodbury                                        No
    16   No                  Fee                           CIBC         David Chase                                     No
    18   No                  Fee and                       CIBC         Brad M. Hutensky
                             Leasehold                                                                                  No
    20   No                  Fee                           CIBC         Harold Bookey                                   No
    23   No                  Fee                           CIBC         Rubin Pachulski Properties 36, LLC              No
    24   No                  Fee                           CIBC         Lamar Western, L.P.                             No
    25   No                  Fee                           CIBC         Hardam Singh Azad                               No
 25.01                       Fee                           CIBC                                                         No
 25.02                       Fee                           CIBC                                                         No
 25.03                       Fee                           CIBC                                                         No
 25.04                       Fee                           CIBC                                                         No
 25.05                       Fee                           CIBC                                                         No
    28   No                  Fee                           CIBC         Daniel Massry                                   No
    30   No                  Fee                           CIBC         Allen Alevy                                     No
 30.01                       Fee                           CIBC                                                         No
 30.02                       Fee                           CIBC                                                         No
 30.03                       Fee                           CIBC                                                         No
    33   No                  Fee                           CIBC         Joshua Safrin                                   No
    35   No                  Fee                           CIBC         HGGP Capital II, LLC                            No
    36   No                  Fee                           CIBC         Rubin Pachulski Properties 36, LLC              No
    37   No                  Fee                           CIBC         Marc Cukier, Shalom Jacobs                      No
 37.01                       Fee                           CIBC                                                         No
 37.02                       Fee                           CIBC                                                         No
 37.03                       Fee                           CIBC                                                         No
 37.04                       Fee                           CIBC                                                         No
 37.05                       Fee                           CIBC                                                         No
 37.06                       Fee                           CIBC                                                         No
 37.07                       Fee                           CIBC                                                         No
 37.08                       Fee                           CIBC                                                         No
 37.09                       Fee                           CIBC                                                         No
  37.1                       Fee                           CIBC                                                         No
 37.11                       Fee                           CIBC                                                         No
 37.12                       Fee                           CIBC                                                         No
 37.13                       Fee                           CIBC                                                         No
 37.14                       Fee                           CIBC                                                         No
    38   No                  Fee                           CIBC         Stephen J. Bisciotti, James C. Davis            No
    40   No                  Fee                           CIBC         David J. Smith                                  No
    41   No                  Fee                           CIBC         Pincus Rand                                     No
    44   No                                                CIBC         Vamsikrishna P. Bonthala, Sheenal C. Patel,
                             Fee                                        Krishnakant S. Sangani                          No
 44.01                       Fee                           CIBC                                                         No
 44.02                       Fee                           CIBC                                                         No
    46   No                  Fee                           CIBC         Derek Graham, Kevin P. Kaseff                   No
    47   No                  Fee                           CIBC         Stephen J. Bisciotti, James C. Davis            No
    48   No                  Fee                           CIBC         Lowenstein, Sandler, Brochin, Kohl & Fisher     No
    49   No                  Fee                           CIBC         Stephen J. Bisciotti, James C. Davis            No
    50   No                  Fee                           CIBC         John M. Bratton, Kyle T. Fair                   No
    53   No                  Fee                           CIBC         Paul E. Mashni                                  No
    54   No                  Fee                           CIBC         Lamar Western, L.P.                             500,000.0
    55   No                  Fee                           CIBC         Northland Fund II, L.P.                         No
    59   No                  Fee                           CIBC         Il Yeon Kwon                                    No
    60   No                  Fee                           CIBC         Lamar Western, L.P.                             No
    61   No                  Fee                           CIBC         Rubin Pachulski Properties 36, LLC              No
    62   No                  Fee                           CIBC         Bruce Slovin                                    No
 62.01                       Fee                           CIBC                                                         No
 62.02                       Fee                           CIBC                                                         No
 62.03                       Fee                           CIBC                                                         No
 62.04                       Fee                           CIBC                                                         No
    63   No                  Fee                           CIBC         Jonathan Penner                                 No
    65   No                  Fee                           CIBC         William L. Hutchinson                           No
    68   No                  Fee                           CIBC         Nilesh R. Patel, Pravin J. Patel                No
    72   No                  Fee                           CIBC         Felix Y. Chen, Tuck Tsai                        No
    74   No                                                CIBC         Steven M. Schultz, Jonathan B. Schultz,
                             Fee                                        Harvey A. Schultz                               No
    75   No                                                CIBC         Richard E. Desruisseaux, James R. Olson,
                             Fee                                        Walter R. Cannon, John E. Gormley               No
    76   No                                                CIBC         Lawrence L. Aldridge, Paul Jason Aldridge,
                             Fee                                        James Lommori                                   No
    77   No                  Fee                           CIBC         Leonard D. Blackman                             No
    83   No                  Fee                           CIBC         Nilesh R. Patel, Pravin J. Patel                No
    84   No                  Fee                           CIBC         Hooman Sotoodeh                                 No
    85   No                  Fee                           CIBC         Samuel K. Freshman                              No
    87   No                  Fee                           CIBC         Allen Gross                                     No
    89   No                  Fee                           CIBC         William Bode                                    No
    90   No                  Fee                           CIBC         Abraham Leser                                   No
    91   No                  Fee                           CIBC         Blake McGehee, Brandon McGehee, Molly M. Quinn  No
    93   No                  Fee                           CIBC         Peter O'Connor, Peter Murphy, Jonathan Stott    No
    94   No                  Fee                           CIBC         Thomas Hong, Robert Hong                        No
    96   No                  Fee                           CIBC         Riverside Business Center, LLC                  No
    97   No                  Fee                           CIBC         Howard Sumerlin                                 No
    98   No                  Fee                           CIBC         Mujeebuddin Ahmed, Mirajuddin Ahmed             No
   102   No                  Fee                           CIBC         Gregory M. Cervenka                             No
   103   No                  Fee                           CIBC         Joseph T. Posh and Joseph C. Posh               No
   104   No                  Fee                           CIBC         Clark Minker                                    No
   107   No                  Fee                           CIBC         James E. Wolf                                   No
   108   No                  Fee                           CIBC         Herbert C. Moore                                No
   109   No                  Fee                           CIBC         Hayward Pressman                                No
   110   No                  Fee                           CIBC         Christopher M. Whitt                            No
   111   No                  Fee                           CIBC         Rubin Pachulski Properties 36, LLC              No
   112   No                                                CIBC         Gary P. Krupnick, Nicholas H. Racanelli,
                                                                        Michael V. Racanelli, The RMR 1995
                                                                        Irrevocable Trust, Martin J. Racanelli, Jr.,
                             Fee                                        Martin J. Racanelli, Sr.                        500,000.0
   113   No                  Leasehold                     CIBC         John R. Reese, Richard Fownes                   No
   114   No                  Fee                           CIBC         Anthony Stieren, Bridie J. Stieren              No
   117   No                  Fee                           CIBC         Michael Fischer                                 No
   119   No                                                CIBC         Gary P. Krupnick, Nicholas H. Racanelli,
                                                                        Michael V. Racanelli, The RMR 1995
                                                                        Irrevocable Trust, Martin J. Racanelli, Jr.,
                             Fee                                        Martin J. Racanelli, Sr.                        No
   120   No                  Fee                           CIBC         Abdelrahman Ayyad                               No
   123   No                                                CIBC         Gregory Walters, Thomas Sutton, Vicki D.
                             Fee                                        Sutton, Charles Lyddane                         No
   126   No                  Fee                           CIBC         Jona Goldrich, Sol Kest, Warren L. Breslow      No
   131   No                  Fee                           CIBC         Mansoor Emral Shaool, Curtis Marts              No
   132   No                  Fee                           CIBC         Donald A. Levine                                No
   138   No                  Fee                           CIBC         John J. Mikk, Elaine H.  Mikk                   No
   141   No                  Fee                           CIBC         Richard W. Moore                                No
   147   No                  Fee                           CIBC         Rubin Pachulski Properties 36, LLC              No

<CAPTION>

                                                     UPFRONT ESCROW
         -------------------------------------------------------------------------------------------------------------
         Upfront CapEx   Upfront Eng.   Upfront Envir.   Upfront TI/LC   Upfront RE Tax   Upfront Ins.   Upfront Other
Loan #   Reserve         Reserve        Reserve          Reserve         Reserve          Reserve        Reserve
------   -------------   ------------   --------------   -------------   --------------   ------------   -------------
<S>      <C>              <C>            <C>              <C>             <C>              <C>            <C>
     3            0.00           0.00             0.00            0.00             0.00           0.00            0.00
     7       37,468.00           0.00             0.00            0.00       696,477.38     435,392.54    1,350,000.00
  7.01
  7.02
  7.03
  7.04
  7.05
  7.06
  7.07
     8       60,937.00           0.00             0.00            0.00       266,666.67      42,897.00            0.00
    10        2,012.00           0.00             0.00       21,667.00       287,467.80      19,255.00            0.00
    11            0.00           0.00             0.00    2,383,660.00       114,629.01      82,437.50      728,972.00
 11.01
 11.02
 11.03
    14       50,000.00           0.00             0.00            0.00        63,455.17      70,341.75    2,000,000.00
    15            0.00           0.00             0.00            0.00       228,824.75      26,903.00            0.00
    16        2,611.50           0.00             0.00            0.00        33,327.08      35,746.75    8,375,000.00
    18        4,633.84     207,961.42             0.00       16,667.00        76,951.25      35,484.17      200,000.00
    20    1,630,000.00           0.00             0.00            0.00             0.00      67,464.34            0.00
    23          837.33           0.00             0.00    1,220,689.98        48,000.00           0.00      347,409.00
    24      138,050.00      61,312.50             0.00            0.00       143,799.14      41,372.62            0.00
    25       75,000.00     123,188.00             0.00      358,862.00        46,836.00      15,208.50            0.00
 25.01
 25.02
 25.03
 25.04
 25.05
    28          866.63           0.00       108,900.00        1,041.25       116,075.79      18,653.92            0.00
    30        2,785.27           0.00             0.00        1,000.00       101,276.08      31,568.33            0.00
 30.01
 30.02
 30.03
    33        8,333.34      25,800.00             0.00            0.00       113,765.76      14,861.00            0.00
    35      206,820.00      24,375.00        15,400.00            0.00       425,271.06      55,755.67      136,000.00
    36          729.00     124,763.00             0.00      140,274.34       199,500.00           0.00      121,210.67
    37        2,061.00      21,750.00             0.00      320,000.00       205,006.65       7,137.50            0.00
 37.01
 37.02
 37.03
 37.04
 37.05
 37.06
 37.07
 37.08
 37.09
  37.1
 37.11
 37.12
 37.13
 37.14
    38        2,017.73      10,862.50             0.00            0.00        42,995.29       9,348.00            0.00
    40            0.00           0.00             0.00      336,248.00        66,548.12      17,506.50       96,050.00
    41        4,400.00           0.00             0.00            0.00       202,880.28      14,920.25            0.00
    44       12,428.00     566,104.00             0.00            0.00        68,000.00       5,740.50            0.00
 44.01
 44.02
    46        2,179.00           0.00             0.00      160,839.00        69,352.14      65,054.25            0.00
    47        1,750.00      10,625.00             0.00            0.00        51,825.13       8,165.00            0.00
    48      116,346.67           0.00             0.00            0.00        96,438.33      25,534.82            0.00
    49        1,661.22      21,250.00             0.00            0.00        53,579.04       7,720.00            0.00
    50          954.40           0.00             0.00      813,695.26       283,700.00       8,093.75      775,238.00
    53        3,916.67           0.00             0.00            0.00        19,447.66      13,088.67            0.00
    54       95,198.00       1,875.00             0.00            0.00        20,070.34      17,145.27    1,411,050.00
    55            0.00           0.00             0.00            0.00        42,552.88       2,475.21            0.00
    59        2,102.67           0.00             0.00        3,333.33        84,652.92      17,066.00            0.00
    60            0.00      18,660.00             0.00            0.00        38,007.21      20,665.98            0.00
    61            0.00           0.00             0.00            0.00        33,425.50           0.00      300,000.00
    62        2,000.00      20,688.00             0.00            0.00       141,568.00      22,874.45            0.00
 62.01
 62.02
 62.03
 62.04
    63            0.00           0.00             0.00            0.00             0.00           0.00            0.00
    65            0.00           0.00             0.00            0.00       120,583.50      26,619.25      570,994.00
    68        4,165.46           0.00             0.00            0.00        17,880.00     129,053.17            0.00
    72        1,015.15           0.00             0.00       54,166.67       174,079.10      10,603.10      135,000.00
    74          524.35           0.00             0.00            0.00        39,289.25       8,788.33            0.00
    75          547.00           0.00             0.00            0.00        15,522.07       6,297.67            0.00
    76        1,208.33           0.00             0.00        2,996.67         8,777.20       4,611.33       86,120.00
    77        1,120.39       5,625.00             0.00            0.00        38,428.20      14,008.67      600,000.00
    83        5,212.82           0.00             0.00            0.00         8,192.62       4,726.00            0.00
    84          232.92           0.00             0.00        1,274.75         7,845.66       6,759.00      460,000.00
    85        1,877.33           0.00             0.00       41,334.30        43,359.75      13,136.51      100,905.00
    87        5,708.33           0.00             0.00            0.00       154,384.00     109,341.92            0.00
    89            0.00      14,531.00             0.00            0.00             0.00           0.00            0.00
    90        1,039.42           0.00             0.00       67,563.17        39,668.59       2,390.04            0.00
    91          420.33           0.00             0.00            0.00        36,892.48       6,450.25            0.00
    93        2,561.13      31,125.00        15,000.00        5,624.60        24,361.47       6,499.17            0.00
    94       40,667.00      92,906.00       277,500.00       83,644.00        26,509.92      11,937.50            0.00
    96      158,317.00           0.00             0.00        5,423.00         6,395.79       7,006.67            0.00
    97          484.50           0.00             0.00            0.00        18,900.67       6,160.00      500,000.00
    98            0.00           0.00             0.00            0.00        15,017.80      16,430.25            0.00
   102          444.00           0.00             0.00      110,550.00         3,648.85       2,183.00      323,950.00
   103          281.25           0.00             0.00        1,250.00        40,872.05       3,098.00       22,500.00
   104          992.42           0.00             0.00      152,500.00        97,876.17       3,717.75            0.00
   107        2,604.00           0.00             0.00            0.00         6,817.50       5,762.75            0.00
   108        2,116.00      13,125.00             0.00            0.00        28,130.85      25,707.00      100,000.00
   109        9,960.00           0.00             0.00            0.00        43,244.00       2,136.67            0.00
   110        2,500.00           0.00             0.00            0.00        13,782.00       6,183.50            0.00
   111            0.00           0.00             0.00            0.00             0.00           0.00            0.00
   112          363.00           0.00             0.00      240,000.00             0.00           0.00            0.00
   113       56,227.67       3,125.00             0.00       45,000.00        28,414.50       3,219.25            0.00
   114          733.33           0.00             0.00            0.00        20,859.26       1,354.10            0.00
   117      176,508.00      43,000.00             0.00        3,619.00        49,870.26       3,160.50        5,000.00
   119          403.00           0.00             0.00      120,000.00             0.00           0.00            0.00
   120          291.25           0.00             0.00            0.00         6,718.50       2,724.00            0.00
   123          292.15           0.00             0.00        1,250.00         8,269.90       1,988.25            0.00
   126          699.83      15,937.50             0.00        2,083.33             0.00           0.00            0.00
   131          214.92       4,500.00             0.00      150,000.00        13,033.33       2,830.09            0.00
   132          333.33           0.00             0.00      203,333.33        17,308.50      12,020.75            0.00
   138          296.00       9,750.00             0.00        1,083.00         9,468.76       1,883.33            0.00
   141        1,890.00           0.00         8,750.00            0.00        26,627.80      16,101.25            0.00
   147           76.30           0.00             0.00          489.59        30,169.75           0.00            0.00

<CAPTION>

                                          MONTHLY ESCROW
         ----------------------------------------------------------------
         Monthly    Monthly   Monthly                  Monthly    Monthly
         Capex      Envir.    TI/LC      Monthly RE    Ins.       Other     Grace    Lockbox                            Defeasance
Loan #   Reserve    Reserve   Reserve    Tax Reserve   Reserve    Reserve   Period   In-place    Property Type           Permitted
------   --------   -------   --------   -----------   --------   -------   ------   --------    -------------------   ----------
<S>      <C>        <C>       <C>        <C>           <C>        <C>       <C>      <C>         <C>                     <C>
     3       0.00      0.00       0.00          0.00       0.00      0.00        7   No          Hotel                  Yes
     7   37468.00      0.00       0.00      77386.38   45299.65      0.00        7   No          Multifamily            Yes
  7.01                                                                           7               Multifamily
  7.02                                                                           7               Multifamily
  7.03                                                                           7               Multifamily
  7.04                                                                           7               Multifamily
  7.05                                                                           7               Multifamily
  7.06                                                                           7               Multifamily
  7.07                                                                           7               Multifamily
     8   60937.00      0.00       0.00      66666.67       0.00      0.00        7   No          Hotel                  Yes
    10    2012.00      0.00   21667.00      90721.11    6648.33      0.00        7   No          Office                 Yes
    11       0.00      0.00       0.00       8187.79    8243.75      0.00        7   Yes         Various                Yes
 11.01                                                                           7               Office
 11.02                                                                           7               Mixed Use
 11.03                                                                           7               Office
    14    3037.88      0.00    5842.08      31727.58   13805.25      0.00        5   No          Retail                 Yes
    15       0.00      0.00       0.00      32689.25    4483.83      0.00        7   No          Retail                 Yes
    16    2611.50      0.00       0.00      16663.54    4890.42      0.00        7   No          Retail                 Yes
    18   12595.26      0.00   16667.00      15390.25    5069.17      0.00        7   Yes         Retail                 Yes
    20    7066.67      0.00       0.00      62946.73    9637.76      0.00        7   No          Multifamily            Yes
    23     837.33      0.00    1666.67      16000.00       0.00      0.00        7   Yes         Retail                 Yes
    24    2236.58      0.00    5135.50      13072.65    8097.43      0.00        7   No          Retail                 Yes
    25       0.00      0.00       0.00      33681.00    5069.50      0.00        7   No          Retail                 Yes
 25.01                                                                           7               Retail
 25.02                                                                           7               Retail
 25.03                                                                           7               Retail
 25.04                                                                           7               Retail
 25.05                                                                           7               Retail
    28     866.63      0.00    1041.25      29018.95    2010.73      0.00        7   No          Retail                 Yes
    30    2785.27      0.00    1000.00      12659.51    3825.19      0.00        7   No          Various                Yes
 30.01                                                                           7               Multifamily
 30.02                                                                           7               Retail
 30.03                                                                           7               Retail
    33    4166.67      0.00       0.00      18960.96    3715.25      0.00        7   Yes         Office                 Yes
    35    6166.67      0.00       0.00      33843.57    6115.58      0.00        7   No          Multifamily            Yes
    36     729.00      0.00    2916.67      22166.67       0.00   1666.67        7   Yes         Retail                 Yes
    37    2061.00      0.00       0.00      28604.98    2379.17      0.00        7   Yes         Various                Yes
 37.01                                                                           7               Retail
 37.02                                                                           7               Office
 37.03                                                                           7               Office
 37.04                                                                           7               Office
 37.05                                                                           7               Office
 37.06                                                                           7               Office
 37.07                                                                           7               Office
 37.08                                                                           7               Office
 37.09                                                                           7               Office
  37.1                                                                           7               Office
 37.11                                                                           7               Office
 37.12                                                                           7               Office
 37.13                                                                           7               Office
 37.14                                                                           7               Office
    38    2017.73      0.00       0.00          0.00       0.00      0.00        7   No          Office                 Yes
    40     735.00      0.00       0.00      11091.36    1591.50      0.00        7   No          Office                 Yes
    41    4400.00      0.00       0.00      28982.90    4973.42      0.00        7   No          Multifamily            Yes
    44   12428.00      0.00       0.00       5666.67    1913.50      0.00        7   Yes         Hotel                  Yes
 44.01                                                                           7               Hotel
 44.02                                                                           7               Hotel
    46    2179.00      0.00   10839.00      13870.43    7228.25      0.00        7   No          Office                 Yes
    47    1750.00      0.00       0.00          0.00       0.00      0.00        7   No          Office                 Yes
    48    1346.67      0.00       0.00      24109.58    3191.85      0.00        7   No          Office                 Yes
    49    1661.22      0.00       0.00          0.00       0.00      0.00        7   No          Office                 Yes
    50     954.40      0.00    5068.00      23641.67    1618.75      0.00        7   No          Retail                 Yes
    53    3916.67      0.00       0.00       6482.55    3272.17      0.00        7   No          Multifamily            Yes
    54    2424.03      0.00    5461.25      10035.17    1714.53      0.00       15   No          Retail                 Yes
    55       0.00      0.00       0.00      10638.22     412.53      0.00        7   No          Retail                 Yes
    59    2102.67      0.00    3333.33      16930.58    4266.50      0.00        7   No          Retail                 Yes
    60    2044.33      0.00    1318.75       8864.29    1878.73      0.00        7   No          Retail                 Yes
    61    1560.67      0.00    4610.00       5570.92       0.00      0.00        7   No          Retail                 Yes
    62    2000.00      0.00       0.00      11797.33    2541.61      0.00        7   No          Industrial             Yes
 62.01                                                                           7               Industrial
 62.02                                                                           7               Industrial
 62.03                                                                           7               Industrial
 62.04                                                                           7               Industrial
    63       0.00      0.00       0.00          0.00       0.00      0.00       15   No          Retail                 Yes
    65     982.25      0.00    5370.00      13398.17    3802.75      0.00        5   No          Retail                 Yes
    68    4165.46      0.00       0.00       9218.08    2980.00      0.00        7   No          Hotel                  Yes
    72    1015.15      0.00    4166.67      14506.59    3534.37      0.00        7   No          Retail                 Yes
    74     524.35      0.00       0.00      13096.42     878.83      0.00        7   No          Office                 Yes
    75     547.00      0.00       0.00       3880.52    1574.42      0.00        7   No          Office                 Yes
    76    1208.33      0.00    2996.67       8777.20    1152.83      0.00        7   No          Retail                 Yes
    77    1120.39      0.00       0.00      12809.40    2055.17      0.00        7   No          Retail                 Yes
    83    5212.82      0.00       0.00       4096.31    1575.33      0.00        7   No          Hotel                  Yes
    84     232.92      0.00    1274.50       1569.13    1126.50      0.00        7   No          Office                 Yes
    85    1877.33      0.00       0.00       6194.25    2189.42      0.00        7   No          Retail                 Yes
    87    5708.33      0.00       0.00      12865.33   13667.74      0.00        7   No          Multifamily            Yes
    89       0.00      0.00       0.00          0.00       0.00      0.00        7   No          Retail                 Yes
    90    1039.42      0.00    5197.17       8174.88     796.68      0.00        7   No          Office                 Yes
    91     420.33      0.00       0.00       3353.86    2150.08      0.00        7   No          Retail                 Yes
    93    2561.13      0.00    5624.60      12180.73    3249.58      0.00        7   No          Industrial             Yes
    94     667.00      0.00    3644.00      13254.96    2387.50      0.00        7   No          Office                 Yes
    96     817.00      0.00    5423.00       3197.90     875.83      0.00        7   No          Industrial             Yes
    97     484.50      0.00       0.00       2362.58     513.33      0.00        7   No          Manufactured Housing   Yes
    98     875.00      0.00       0.00       3754.45    1825.58      0.00        7   No          Multifamily            Yes
   102     444.00      0.00    3750.00       3648.85     727.67      0.00        7   No          Retail                 Yes
   103     281.25      0.00    1250.00       5109.01     387.25      0.00        7   No          Retail                 Yes
   104     992.42      0.00    2500.00       8897.83    1239.25      0.00        7   No          Office                 Yes
   107    2604.00      0.00       0.00       2272.50    1920.92      0.00        7   No          Multifamily            Yes
   108    2116.00      0.00       0.00       4770.59    2337.00      0.00        7   No          Multifamily            No
   109     415.03      0.00       0.00       7207.33     427.33      0.00        7   No          Retail                 Yes
   110    2500.00      0.00       0.00       4594.00    1030.58      0.00        7   No          Hotel                  Yes
   111       0.00      0.00       0.00          0.00       0.00      0.00        7   Yes         Retail                 Yes
   112     363.00      0.00       0.00          0.00       0.00      0.00        7   No          Industrial             No
   113     227.67      0.00       0.00       4735.75    1073.08      0.00        7   No          Retail                 Yes
   114     733.33      0.00       0.00       2085.93     270.82      0.00        7   No          Manufactured Housing   Yes
   117    1508.00      0.00    3619.00       4987.03    1053.50      0.00       15   No          Retail                 Yes
   119     403.00      0.00       0.00          0.00       0.00      0.00        7   No          Industrial             No
   120     291.25      0.00       0.00       1119.75     454.00      0.00        7   No          Retail                 Yes
   123     292.15      0.00    1250.00       2629.66     220.92      0.00        7   No          Office                 Yes
   126     699.83      0.00    2083.33          0.00       0.00      0.00        7   No          Industrial             Yes
   131     214.92      0.00       0.00       3258.33     435.25      0.00        7   No          Mixed Use              No
   132     333.33      0.00    3333.33       8654.25    1155.91      0.00        7   No          Office                 Yes
   138     296.00      0.00    1083.00       1578.13     470.83      0.00        7   No          Industrial             Yes
   141    1890.00      0.00       0.00       3993.93    1463.75      0.00        7   No          Multifamily            No
   147      76.30      0.00     489.59       2320.75       0.00      0.00        7   Yes         Retail                 Yes

<CAPTION>

                                        Final       Remaining
         Interest                       Maturity    Amortization Term
Loan #   Accrual Period   Loan Group    Date        for Balloon Loans
------   --------------   ----------    --------    -----------------
<S>      <C>              <C>           <C>         <C>
     3   Actual/360       1                         300
     7   Actual/360       2                         420
  7.01                    2                         420
  7.02                    2                         420
  7.03                    2                         420
  7.04                    2                         420
  7.05                    2                         420
  7.06                    2                         420
  7.07                    2                         420
     8   Actual/360       1                         360
    10   Actual/360       1
    11   Actual/360       1                         360
 11.01                    1                         360
 11.02                    1                         360
 11.03                    1                         360
    14   Actual/360       1                         360
    15   Actual/360       1                         360
    16   Actual/360       1
    18   Actual/360       1                         360
    20   Actual/360       2
    23   Actual/360       1                         360
    24   Actual/360       1                         360
    25   Actual/360       1                         360
 25.01                    1                         360
 25.02                    1                         360
 25.03                    1                         360
 25.04                    1                         360
 25.05                    1                         360
    28   Actual/360       1                         360
    30   Actual/360       1                         360
 30.01                    1                         360
 30.02                    1                         360
 30.03                    1                         360
    33   Actual/360       1                         360
    35   Actual/360       2
    36   Actual/360       1                         360
    37   Actual/360       1                         360
 37.01                    1                         360
 37.02                    1                         360
 37.03                    1                         360
 37.04                    1                         360
 37.05                    1                         360
 37.06                    1                         360
 37.07                    1                         360
 37.08                    1                         360
 37.09                    1                         360
  37.1                    1                         360
 37.11                    1                         360
 37.12                    1                         360
 37.13                    1                         360
 37.14                    1                         360
    38   Actual/360       1                         360
    40   Actual/360       1                         360
    41   Actual/360       2                         360
    44   Actual/360       1                         360
 44.01                    1                         360
 44.02                    1                         360
    46   Actual/360       1                         360
    47   Actual/360       1                         360
    48   Actual/360       1                         360
    49   Actual/360       1                         360
    50   Actual/360       1                         360
    53   Actual/360       2                         360
    54   Actual/360       1                         360
    55   Actual/360       1
    59   Actual/360       1                         360
    60   Actual/360       1                         360
    61   Actual/360       1                         360
    62   Actual/360       1                         360
 62.01                    1                         360
 62.02                    1                         360
 62.03                    1                         360
 62.04                    1                         360
    63   Actual/360       1                         360
    65   Actual/360       1                         360
    68   Actual/360       1                         300
    72   Actual/360       1                         300
    74   Actual/360       1                         360
    75   Actual/360       1                         360
    76   Actual/360       1                         360
    77   Actual/360       1                         360
    83   Actual/360       1                         300
    84   Actual/360       1                         360
    85   Actual/360       1                         360
    87   Actual/360       2                         360
    89   Actual/360       1
    90   Actual/360       1                         360
    91   Actual/360       1                         360
    93   Actual/360       1                         360
    94   Actual/360       1                         360
    96   Actual/360       1                         360
    97   Actual/360       2                         420
    98   Actual/360       1
   102   Actual/360       1                         360
   103   Actual/360       1                         360
   104   Actual/360       1                         360
   107   Actual/360       2                         360
   108   Actual/360       2                         360
   109   Actual/360       1                         360
   110   Actual/360       1                         240
   111   Actual/360       1                         360
   112   Actual/360       1                         360
   113   Actual/360       1                         360
   114   Actual/360       2                         360
   117   Actual/360       1                         360
   119   Actual/360       1                         360
   120   Actual/360       1                         360
   123   Actual/360       1                         360
   126   Actual/360       1                         360
   131   Actual/360       1                         360
   132   Actual/360       1
   138   Actual/360       1                         360
   141   Actual/360       2                         360
   147   Actual/360       1                         360

</TABLE>

<PAGE>

                                    EXHIBIT B

                  REPRESENTATIONS AND WARRANTIES OF THE SELLER

            (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) as of the Cut-off Date and no Mortgage Loan has been
30 days or more (without giving effect to any applicable grace period in the
related Mortgage Note) past due.

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

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

            (4) At the time of the assignment of the Mortgage Loans to the
Purchaser, the Seller had good and marketable title to and was the sole owner
and holder of, each Mortgage Loan, free and clear of any pledge, lien,
encumbrance or security interest (subject to certain agreements regarding
servicing as provided in the Pooling and Servicing Agreement, subservicing
agreements permitted thereunder and that certain Servicing Rights Purchase
Agreement, dated as of November 16, 2006, between the 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 November 16, 2006, between the
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 Closing Date, the related
Mortgagor is not a debtor in any bankruptcy, receivership, conservatorship,
reorganization, insolvency, moratorium or similar proceeding.

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

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

            (8) The Seller has received an American Land Title Association
(ALTA) lender's title insurance policy or a comparable form of lender's title
insurance policy (or escrow instructions binding on the Title Insurer (as
defined below) and irrevocably obligating the Title Insurer to issue such title
insurance policy or a title policy commitment or pro-forma "marked up" at the
closing of the related Mortgage Loan and countersigned 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.
Such Title Insurance Policy contains no material exclusions for, or
affirmatively insures against any losses arising from (other than in
jurisdictions in which affirmative insurance is unavailable), (a) lack of access
to public roads, (b) material encroachments of any part of the building thereon
over easements and (c) the land shown on the survey not being the same as the
property legally described in the Mortgage.

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

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

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

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

            (d) The terms of the Mortgage Loans or the related Mortgage Loan
      documents, have not been altered, impaired, modified or waived in any
      material respect, except prior to the Cut-off Date by written instrument
      duly submitted for recordation, to the extent required, and as
      specifically set forth in the related Mortgage File, and no such
      alterations, impairments, modifications or waivers have been completed or
      consented to since the later of October 10, 2006 or the date of receipt by
      the Seller at or following the closing of the Mortgage Loan, of the
      Mortgage Loan documents in the final form that will constitute the related
      Mortgage File.

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

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

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

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

            (14) (a) The principal amount of the Mortgage Loan stated on the
Mortgage Loan Schedule has been fully disbursed as of the Closing Date specified
therein (except for certain amounts that were fully disbursed by the mortgagee,
but were escrowed pursuant to the terms of the related Mortgage Loan documents)
and there are no future advances required to be made by the mortgagee under any
of the related Mortgage Loan documents. Any requirements under the related
Mortgage Loan documents regarding the completion of any on-site or off-site
improvements and to disbursements of any escrow funds therefor have been or are
being complied with or such escrow funds are still being held. The value of the
Mortgaged Property relative to the value reflected in the most recent appraisal
thereof is not impaired by any improvements which have not been completed. The
Seller has not, nor, to the Seller's knowledge, have any of its agents or
predecessors in interest with respect to the Mortgage 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, funding and servicing of the
Mortgage Loans, including but not limited to, usury and any and all other
material requirements of any federal, state or local law to the extent
non-compliance would have a material adverse effect on the Mortgage Loan.

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

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

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

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

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

            (20) With respect to 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):

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

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

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

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

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

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

            (g) such Ground Lease has an original term (or an original term plus
      one or more optional renewal terms that under all circumstances may be
      exercised, and will be enforceable, by the mortgagee or its assignee)
      which extends not less than the greater of (i) 10 years beyond the
      amortization term or (ii) 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) With respect to each Mortgaged Property, except for the
Mortgaged Properties related to 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 performed
in connection with the origination of the related Mortgage Loan was obtained and
reviewed by the Seller and a copy is included in the Servicing File.

            (b) Such Environmental Site Assessment does not identify, and the
      Seller has no actual knowledge of, any adverse circumstances or conditions
      with respect to or affecting the Mortgaged Property that would constitute
      or result in a material violation of any Environmental Laws, other than
      with respect to a Mortgaged Property (i) for which environmental insurance
      (as set forth on Schedule II hereto) is maintained, or (ii) which would
      require 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 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 (iv) 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 (v) 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 (vi) 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 has an
      outstanding principal balance not greater than $3,000,000, and each In
      Lieu of Policy is in an amount equal to 125% of the outstanding principal
      balance of the related Mortgage Loan and has a term ending no sooner than
      the date which is five years after the maturity date (or, in the case of
      an ARD Loan, the final maturity date) of the related Mortgage Loan, is
      non-cancelable by the insurer during such term and the premium for such
      policy has been paid in full. All environmental assessments or updates
      that were in the possession of the Seller and that relate to a Mortgaged
      Property identified on Schedule I as being insured by an In Lieu of Policy
      have been delivered to or disclosed to the In Lieu of Policy carrier
      issuing such policy prior to the issuance of such policy.

            (22) As of the date of origination of the related Mortgage Loan,
and, as of the Closing Date, the Mortgaged Property is covered by insurance
policies providing the coverage described below and the Mortgage Loan documents
permit the mortgagee to require the coverage described below. All premiums with
respect to the Insurance Policies insuring each Mortgaged Property have been
paid in a timely manner or escrowed to the extent required by the Mortgage Loan
documents, and the Seller has not received any notice of cancellation or
termination. The relevant Servicing File contains the Insurance Policy required
for such Mortgage Loan or a certificate of insurance for such Insurance Policy.
Each Mortgage requires that the related Mortgagor maintain the following
Insurance Policies (subject to customary deductibles): (A) insurance covering
the Mortgaged Property and all improvements thereon providing coverage for
losses sustained by fire and against loss or damage by other risks and hazards
covered by a standard extended coverage insurance policy providing "All Risk of
Physical Loss" coverage in an amount sufficient to prevent the Mortgagor from
being deemed a co-insurer and to provide coverage in an amount equal to the
lesser of (i) the full replacement cost of such Mortgaged Property (in some
cases exclusive of excavations, underground utilities, foundations and footings)
and (ii) the outstanding principal balance of the related Mortgage Loan with an
appropriate endorsement to avoid application of any coinsurance provision; such
policies contain a standard mortgage clause naming mortgagee and its successor
in interest as additional insureds or loss payee, as applicable; (B) business
interruption or rental loss insurance in an amount at least equal to (a) 12
months of operations or (b) in some cases all rents and other amounts
customarily insured under this type of insurance of the Mortgaged Property; (C)
flood insurance (if any portion of the improvements on the Mortgaged Property is
located in an area identified by the Federal Emergency Management Agency
("FEMA"), with respect to certain Mortgage Loans and the Secretary of Housing
and Urban Development with respect to other Mortgage Loans, as having special
flood hazards) in an amount not to exceed amounts prescribed by FEMA; (D)
workers' compensation, if required by law; (E) comprehensive general liability
insurance in an amount consistent with the standard utilized by the Seller with
respect to loans it holds for its own account, but not less than $1 million; all
such Insurance Policies contain clauses providing they are not terminable and
may not be terminated, without thirty (30) days prior written notice to the
mortgagee (except where applicable law requires a shorter period or except for
nonpayment of premiums, in which case not less than ten (10) days prior written
notice to the mortgagee is required). In addition, each Mortgage permits the
related mortgagee to make premium payments to prevent the cancellation thereof
and shall entitle such mortgagee to reimbursement therefor. Any insurance
proceeds in respect of a casualty loss or taking will be applied either to the
repair or restoration of all or part of the related Mortgaged Property or the
payment of the outstanding principal balance of the related Mortgage Loan
together with any accrued interest thereon. The related Mortgaged Property is
insured by an Insurance Policy, issued by an insurer meeting the requirements of
such Mortgage Loan and having a claims-paying or financial strength rating of at
least A-:VIII from A.M. Best Company or "A-" (or the equivalent) from Standard &
Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc., Fitch,
Inc. or Moody's 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 connection with the origination of the related
Mortgage Loan in order to evaluate the structural and seismic condition of such
property, for the sole purpose of assessing the probable maximum loss ("PML")
for the Mortgaged Property in the event of an earthquake. In such instances, the
PML was based on a 450 or 475-year lookback with a 10% probability of exceedance
in a 50-year period. If the resulting report concluded that the PML would exceed
20% of the amount of the replacement costs of the improvements, earthquake
insurance on such Mortgaged Property was obtained by an insurer rated at least
A-:VIII by A.M. Best Company or "A-" (or the equivalent) from Standard & Poor's
Ratings Services, a division of The McGraw-Hill Companies, Inc., Fitch, Inc. or
Moody's Investors Service, Inc. If the Mortgaged Property is located in Florida
or within 25 miles of the coast of Texas, Louisiana, Mississippi, Alabama,
Georgia, South Carolina or North Carolina, such Mortgaged Property is insured by
windstorm insurance in an amount at least equal to the lesser of (i) the
outstanding principal balance of such Mortgage Loan and (ii) 100% of the full
insurable value, or 100% of the replacement cost, of the improvements located on
the related Mortgaged Property. 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) [Reserved]

            (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 servicing and collection 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.

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

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

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

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

            (30) Each Mortgagor with respect to a Mortgage Loan with a principal
balance as of the Cut-off Date in excess of $5,000,000 included in the Trust
Fund is an entity whose Mortgage Loan documents require that it be a Single
Purpose Entity and, with respect to a Mortgage Loan with a principal balance as
of the Cut-off Date in excess of $15,000,000 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 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. The Mortgage File or
Servicing File for each Mortgage Loan having an original principal balance of
$35,000,000 or more contains a counsel's opinion regarding non-consolidation of
the Mortgagor in any insolvency proceeding involving any other party. The
organizational documents of any Mortgagor on a Mortgage Loan having an original
principal balance of $35,000,000 or more which is a single member limited
liability company provide that the Mortgagor shall not dissolve or liquidate
upon the bankruptcy or dissolution of the sole member.

            (31) The gross proceeds of each Mortgage Loan to the related
Mortgagor at origination did not exceed the non-contingent principal amount of
the Mortgage Loan and either: (A) such Mortgage Loan is secured by an interest
in real property having a fair market value (1) at the date the Mortgage Loan
was originated at least equal to 80% of the original principal balance of the
Mortgage Loan or (2) at the Closing Date at least equal to 80% of the original
principal balance of the Mortgage Loan on such date; provided that for purposes
hereof, the fair market value of the real property interest must first be
reduced by (X) the amount of any lien on the real property interest that is
senior to the Mortgage Loan and (Y) a proportionate amount of any lien that is
in parity with the Mortgage Loan (unless such other lien secures a Mortgage Loan
that is cross-collateralized with such Mortgage Loan, in which event the
computation described in clauses (1) and (2) of this paragraph (31) shall be
made on a pro rata basis in accordance with the fair market values of the
Mortgaged Properties securing such cross-collateralized Mortgage Loan); or (B)
substantially all the proceeds of such Mortgage Loan were used to acquire,
improve or protect the real property which served as the only security for such
Mortgage Loan (other than a recourse feature or other third party credit
enhancement within the meaning of Treasury Regulations Section
1.860G-2(a)(1)(ii)). If the Mortgage Loan was "significantly modified" prior to
the Closing Date so as to result in a taxable exchange under Section 1001 of the
Code, it either (i) was modified as a result of the default or reasonably
foreseeable default of such Mortgage Loan or (ii) satisfies the provisions of
either clause (A)(1) above (substituting the date of the last such modification
for the date the Mortgage Loan was originated) or clause (A)(2), including the
proviso thereto. 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) and, if such Mortgage Loan has been serviced in
accordance with the terms of the Pooling and Servicing Agreement, as of the
Closing Date, the related Mortgaged Property, if acquired by the Lower Tier
REMIC in connection with the default or imminent default of such Mortgage Loan,
would constitute "foreclosure property" within the meaning of Section 860G(a)(8)
of the Code, provided no leases were then entered that violated Section
856(e)(4)(A). 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 Mortgage Loan contains a "due on sale" clause, which
provides for the acceleration of the payment of the unpaid principal balance of
the Mortgage Loan if, without the prior written consent of the holder of the
Mortgage Loan, the property subject to the Mortgage, or any controlling interest
therein, is directly or indirectly transferred or sold (except that it may
provide for transfers by devise, descent or operation of law upon the death of a
member, manager, general partner or shareholder of a mortgagor and that it may
provide for assignments subject to the Mortgage Loan holder's approval of
transferee, transfers to affiliates, transfers to family members for estate
planning purposes, transfers among existing members, partners or shareholders in
Mortgagor or transfers of passive interests so long as the key principals or
general partner retains control). The Mortgage Loan documents contain a "due on
encumbrance" clause, which provides for the acceleration of the payment of the
unpaid principal balance of the Mortgage Loan if the property subject to the
Mortgage or any controlling interest in the Mortgagor is further pledged or
encumbered, unless the prior written consent of the holder of the Mortgage Loan
is obtained (except that it may provide for assignments subject to the Mortgage
Loan holder's approval of transferee, transfers to affiliates or transfers of
passive interests so long as the key principals or general partner retains
control). The Mortgage Loan documents require the Mortgagor to pay all
reasonable fees and expenses 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 (A) the replacement
collateral consist of U.S. "government securities," within the meaning of
Treasury Regulations Section 1.860G-2(a)(8)(i), in an amount sufficient to make
all scheduled payments under the Mortgage Note when due; (B) the loan may be
assumed by a Single Purpose Entity approved by the holder of the Mortgage Loan;
(C) counsel provide an opinion that the trustee has a perfected security
interest in such collateral prior to any other claim or interest; and (D) such
other documents and certifications as the mortgagee may reasonably require which
may include, without limitation, (i) 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 (ii) a certification from an independent certified public
accountant that the collateral is sufficient to make all scheduled payments
under the Mortgage Note when due. Each Mortgage Loan containing provisions for
defeasance provides that, in addition to any cost associated with defeasance,
the related Mortgagor shall pay, as of the date the mortgage collateral is
defeased, all scheduled and accrued interest and principal due as well as an
amount sufficient to defease in full the Mortgage Loan (except as contemplated
in paragraph (35) hereof). In addition, if the related Mortgage Loan permits
defeasance, then the Mortgage Loan documents provide that the related Mortgagor
shall (a) pay all reasonable fees associated with the defeasance of the Mortgage
Loan and all other reasonable expenses associated with the defeasance, or (b)
provide all opinions required under the related Mortgage Loan documents, and in
the case of loans with an outstanding principal balance as of the Cut-off Date
of $40,000,000 or greater, (i) a REMIC opinion and (ii) rating agency letters
confirming that no downgrade or qualification shall occur as a result of the
defeasance.

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

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

            (37) Any non-conformity with zoning laws constitutes a legal
non-conforming use or structure (i) 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 (ii) for which law and ordinance
insurance coverage has been obtained in amounts consistent with the standards
utilized by the Seller.

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

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

            (40) The related Mortgage or other Mortgage Loan documents provide a
grace period for delinquent Monthly Payments no longer than ten (10) days from
the applicable payment date.

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

            (42) None of the Mortgage Loan documents contain any provision that
expressly excuses the related borrower from obtaining and maintaining insurance
coverage for acts of terrorism (provided that such insurance coverage is
generally available at commercially reasonable rates and, in circumstances where
such insurance is not expressly required, that any request on the part of the
mortgagee that the related borrower maintain such insurance is reasonable). Each
Mortgaged Property is insured by an "all risk" casualty insurance policy that
does not contain an express exclusion for (or, alternatively, is covered by a
separate policy that insures against property damage resulting from ) acts of
terrorism.

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

            (44) In the case of each related Mortgaged Property that is operated
as a hotel, to the Seller's knowledge as of the origination of the Mortgage
Loan, the related Mortgagor's personal property includes all personal property
that a prudent mortgage lender making a similar mortgage loan would deem
reasonably necessary to operate the related Mortgaged Property as it is
currently being operated.

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 being generally consistent with assessments of
environmental hazards undertaken by the Seller for similar properties, as of the
date of such assessment, and, if in accordance with customary industry standards
a reasonable lender would require it, a Phase II environmental report, each
prepared by an independent licensed third party professional experienced in
environmental matters.

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

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

            The term "in reliance on" shall mean that:

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

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

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

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

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

            The term "Permitted Encumbrances" shall mean:

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

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

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

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

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

            Other. For purposes of these representations and warranties, the
term "to the Seller's knowledge" shall mean that no officer, employee or agent
of the Seller responsible for the underwriting, origination or sale of the
Mortgage Loans or of any servicer responsible for servicing 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 or such
servicer 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 an officer, employee or
agent of the Seller responsible for the underwriting, origination and sale of
the Mortgage Loans does not actually know of any facts or circumstances that
would cause such person to believe that such representation or warranty was
inaccurate.

<PAGE>

                                   SCHEDULE I

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

None.

<PAGE>

                                   SCHEDULE II

                          MORTGAGED PROPERTY FOR WHICH
                      ENVIRONMENTAL INSURANCE IS MAINTAINED

Loan No. 18 (Lutherville Station)

Loan No. 48 (65 Livingston Avenue)

<PAGE>

                                    EXHIBIT C

                                   EXCEPTIONS

   CIBC Inc. Exceptions to Representations and Warranties - JPMCC 2006-CIBC17

Rep. #
------

6.    Loan No. 25 (Com Realty Portfolio) - The Mortgaged Property also secures
      indebtedness in the amount of $1,385,000 (the "Com Realty B Note"), which
      Com Realty B Note was sold as of the closing date of the Mortgage Loan to
      CBA-Mezzanine Capital, LLC or an affiliate thereof. The Com Realty B Note
      is secured by the Mortgage, and is subordinate to the Mortgage Loan being
      sold hereby pursuant to an Intercreditor Agreement, a copy of which is
      included in the Mortgage File. A failure to make a payment due under the
      Com Realty B Note constitutes a default under this Mortgage Loan.

      Loan No. 90 (Saint Rita's) - The Mortgaged Property also secures
      indebtedness in the amount of $360,000 (the " Saint Rita's B Note"), which
      Saint Rita's B Note was sold as of the closing date of the Mortgage Loan
      to CBA-Mezzanine Capital, LLC or an affiliate thereof. The Saint Rita's B
      Note is secured by the Mortgage, and is subordinate to the Mortgage Loan
      being sold hereby pursuant to an Intercreditor Agreement, a copy of which
      is included in the Mortgage File. A failure to make a payment due under
      the Saint Rita's B Note constitutes a default under this Mortgage Loan.

      Loan No. 103 (Towne Center at Sullivan Trail) - The Mortgaged Property
      also secures indebtedness in the amount of $305,000 (the "Towne Center at
      Sullivan B Note"), which Towne Center at Sullivan B Note was sold as of
      the closing date of the Mortgage Loan to CBA-Mezzanine Capital, LLC or an
      affiliate thereof. The Towne Center at Sullivan B Note is secured by the
      Mortgage, and is subordinate to the Mortgage Loan being sold hereby
      pursuant to an Intercreditor Agreement, a copy of which is included in the
      Mortgage File. A failure to make a payment due under the Towne Center at
      Sullivan B Note constitutes a default under this Mortgage Loan.

      Loan No. 104 (Atwood Oceanics Building) - The Mortgaged Property also
      secures indebtedness in the amount of $300,000 (the "Atwood Oceanics B
      Note"), which Atwood Oceanics B Note was sold as of the closing date of
      the Mortgage Loan to CBA-Mezzanine Capital, LLC or an affiliate thereof.
      The Atwood Oceanics B Note is secured by the Mortgage, and is subordinate
      to the Mortgage Loan being sold hereby pursuant to an Intercreditor
      Agreement, a copy of which is included in the Mortgage File. A failure to
      make a payment due under the Atwood Oceanics B Note constitutes a default
      under this Mortgage Loan.

7.    Loan Nos. 25, 90, 103 and 104 (Com Realty Portfolio, Saint Rita's, Towne
      Center at Sullivan Trail and Atwood Oceanics Building) - See exceptions to
      Representation #6 above.

      The following applies to each of these Mortgage Loans: Because the
      Mortgage Loan is structured for tax purposes with an indemnity deed of
      trust ("IDOT"), the guarantor of the related Mortgage Note (instead of the
      related Mortgagor) is the owner of the related Mortgaged Property and the
      related Mortgage encumbers such guarantor's fee interest in the related
      Mortgaged Property:

            Loan No. 11 (Brewer's Hill)
            Loan No. 18 (Lutherville Station)
            Loan No. 131 (7000 Wisconsin)
            Loan No. 96 (The Business Center at Riverside)
            Loan No. 49 (7301 Parkway)
            Loan No. 38 (7312 Parkway)
            Loan No. 47 (7437 Race Road)

8.    Loan Nos. 25, 90, 103 and 104 (Com Realty Portfolio, Saint Rita's, Towne
      Center at Sullivan Trail and Atwood Oceanics Building) - See exceptions to
      Representation #6 above.

      Loan No. 93 (Stafford Commerce Center) - Title insurance is through United
      General Title Insurance Company, but Title Policy has a direct access
      endorsement so that the lender is reinsured by First American Title
      Insurance Company (a nationally recognized title insurance company) for
      losses above $4,000,000.

10(a). Loan No. 48 (65 Livingston Avenue) - In lieu of executing the Hazardous
      Substances Environmental Indemnity Agreement, the related Mortgagor
      obtained a environmental insurance policy which covers the term of the
      related Mortgage Loan plus an additional 5 years in the amount of
      $5,000,000.00.

      Loan No. 18 (Lutherville Station) - as of the closing of the Mortgage
      Loan, the Mortgagor had in effect an environmental insurance policy with
      respect to the Mortgaged Property. The Mortgage Loan documents provide
      that in the event that any claim for indemnification against Mortgagor or
      the indemnitor under the loan documents arises under the environmental
      indemnification sections of the Mortgage Loan documents, then so long as
      (a) such environmental insurance policy is in full force and effect, (b)
      the Lender has been listed as an additional named insured by endorsement
      to the policy, (c) the insurer obligated under the environmental insurance
      policy (the "Environmental Insurer") is not subject to any bankruptcy or
      reorganization protection, or under the receivership or similar control of
      any governmental or regulatory body, (d) such claim is covered by such
      environmental insurance policy and (e) the environmental insurer has not
      denied its liability under the environmental insurance policy for the
      amounts at issue, Lender will use commercially reasonable efforts (but
      expressly excluding the duty to commence litigation) to collect amounts
      payable to the Mortgagor under the policy, before seeking recovery from
      the Mortgagor or indemnitor under the environmental indemnification
      sections of the Mortgage Loan documents.

10(d) Loan No. 41 (Schirm Farms Apartments) - the Mortgage Loan closed on
      November 1, 2016.

      Loan No. 11 (Brewer's Hill) - See exception to representation #32 below.
      The Mezzanine Loan and related intercreditor agreement were entered into
      as of November 14, 2006.

      The following applies to each of the Mortgage Loans listed below: The
      related Mortgage Loan documents were modified subsequent to October 10,
      2006; the instruments effecting such modification are listed below and a
      copy of such instruments are included in the related Mortgage File.

                  a. Loan No. 3 (Residence Inn Times Square) - (a) Modification
            of Consolidated, Amended and Restated Promissory Note among MG Hotel
            SPE LLC, Granite Companies LLC and Seller, dated October 30, 2006,
            (b) Modification of Consolidated, Amended and Restated Mortgage and
            Security Agreement among MG Hotel SPE LLC, Granite Companies LLC and
            Seller, dated October 30, 2006, (c) Modification of Indemnity and
            Guaranty Agreement among MG Hotel SPE LLC, Granite Companies LLC and
            Seller, dated October 30, 2006 and (d) Amended and Restated FF&E
            Reserve Agreement among MG Hotel SPE LLC, Seller and Interstate
            Management Company, L.L.C., dated October 30, 2006.

                  b. Loan No. 61 (Oak Hills Mall) - Modification of Deed of
            Trust, Assignment of Leases and Rents and Security Agreement among
            Oak Hills Broadway, LLC, Rubin Pachulski Properties 36, LLC and
            Seller, dated October 30, 2006.

                  c. Loan No. 102 (Norwood Plaza) - Modification of Deed of
            Trust, Assignment of Leases and Rents and Security Agreement among
            Walnor, LLC, Gregory M. Cervenka and Seller, dated October 30, 2006.

                  d. Loan No. 141 (Penn Square Apartments) - (a) Modification of
            Promissory Note among Pennsylvania Properties Management Company,
            Richard W. Moore and Seller, dated October 31, 2006 and (b)
            Modification of Certification of Taxpayer Identification Number and
            Nonforeign Status among Pennsylvania Properties Management Company,
            Richard W. Moore and Seller, dated October 31, 2006.

                  e. Loan No. 108 (Chestnut Heights Apartments) - (a)
            Modification of Promissory Note among East Park Associates, Herbert
            C. Moore and Seller, dated October 31, 2006 and (b) Modification of
            Certification of Taxpayer Identification Number and Nonforeign
            Status among East Park Associates, Herbert C. Moore and Seller,
            dated October 31, 2006.

                  f. Loan No. 114 (Landmark Manor MHP) - Modification of Deed of
            Trust, Assignment of Leases and Rents and Security Agreement among
            Landmark Manor, L.L.C., Anthony Stieren, Bridie J. Stieren and
            Seller, dated as of August 15, 2006.

                  g. Loan No. 8 (Sheraton Hotel at Newark International Airport)
            - Amendment to Undertaking and Guaranty Agreement dated as of
            October 30, 2006, by and between Columbia Properties Newark, LLC,
            Columbia Sussex Corporation, and Seller.

12.   Loan No. 7 (CityView Portfolio II) - The Mortgage Loan documents permit
      partial defeasance of an individual property (a "Parcel"). The amount
      defeased shall be the greatest of: (a) 115% of the allocated loan amount
      with respect to such Parcel, (b) an amount such that, after giving effect
      to such partial defeasance, the DSCR for the Mortgage Loan, based on
      income from the remaining properties, shall be not less than the greater
      of (x) 1.25:1.00 and (y) the DSCR for the Mortgage Loan immediately prior
      to such partial defeasance and (c) an amount such that, after giving
      effect to such partial defeasance, the loan-to-value ratio of the Mortgage
      Loan shall be not greater than the lesser of (x) 80% and (y) the
      loan-to-value ratio of the Mortgage Loan determined immediately prior to
      such partial defeasance.

      Loan No. 7 (CityView Portfolio II) - The Mortgage Loan is secured by
      multiple properties. The related Mortgage Loan documents permit the sale
      of an individual property (a "Partial Assumption Property") to a third
      party buyer (a "Partial Assumption Buyer") and the partial assumption of
      the Mortgage Loan by the Partial Assumption Buyer upon the following terms
      and conditions: (a) the Partial Assumption Buyer is approved by the holder
      of the Mortgage (in accordance with the requirements for approval set
      forth in the related Mortgage), (b) the Mortgagor under the Mortgage Loan
      at the time of the sale of the Partial Assumption Property (the "Existing
      Borrower") obtains a "no-downgrade" confirmation from the rating agencies
      with respect to such sale and partial assumption, (c) the Mortgage Loan is
      severed into 2 loans, (i) one of which (the "Partial Assumption Loan")
      will be in an amount equal to the allocated loan amount of the Partial
      Assumption Property (the Partial Assumption Buyer will be the obligor
      under the Partial Assumption Loan) and (ii) the other of which (the
      "Remaining Property Loan") shall be in an amount equal to the principal
      balance of the original Mortgage Loan less the amount of the Partial
      Assumption Loan (the Existing Borrower will be the obligor under the
      Remaining Property Loan), and (d) the Partial Assumption Loan shall have a
      debt service coverage ratio of at least 1.30:1.0 and a loan to value of no
      more than 80%, and the Remaining Property Loan shall have a debt service
      coverage ratio of at least 1.25:1.0 (or if three or less properties
      constitute the remaining property, a debt service coverage ratio of at
      least 1.30:1.0) and a loan to value ratio of no more than 80%; however,
      subject to the defeasance lockout period under the Mortgage Loan
      documents, a partial defeasance is permitted in order achieve the
      foregoing debt service coverage and loan to value ratios.

      Loan No. 11 (Brewer's Hill) - The Natty Boh parcel may be released by
      defeasance of the greater of (x) 120% of the allocated loan amount for
      such parcel and (y) an amount sufficient to satisfy certain DSCR and LTV
      tests set forth in Section 1.35 of the Mortgage.

      Loan No. 11 (Brewer's Hill) - Substitution of portions of the Mortgaged
      Property used for parking with replacement property to be used for parking
      is permitted upon the terms and conditions set forth in Section 1.36 of
      the Mortgage.

      Loan No. 24 (West Ashley) - The Tidelands Parcel, as defined in the
      related Mortgage, may be released by defeasance of 110% of the allocated
      loan amount; provided, however, after giving effect to such partial
      defeasance, the DSCR for the Mortgage Loan, based on income from the
      remaining portion of the related Mortgaged Property, must be at least
      1.20:1.00.

      Loan No. 25 (Com Realty Portfolio) - The Frayser Plaza, Bartlesville Plaza
      and Three Notch Plaza properties may be released by defeasance of 110% of
      the allocated loan amount; the Frayser Village and Frayser Center
      properties may be released by defeasance of 115% of the allocated loan
      amount; provided, however, in each case, after giving effect to such
      partial defeasance, the DSCR for the Mortgage Loan, based on income from
      the remaining properties, must be at least 1.25:1.00.

16.   Loan No. 62 (Clay Portfolio) - The United Rental Facility - Napa property
      is deficient four (4) parking spaces. Law and ordinance insurance coverage
      has not been obtained.

17.   Loan No. 114 (Landmark Manor MHP) - As of the related Closing Date, the
      tax lot in which the related Mortgage Property is situated covers property
      other than the related Mortgage Property; effective January 1, 2007, the
      related Mortgaged Property will automatically convert to one (1) distinct
      tax lot without any further action taking place, and no portion of said
      tax lot will cover property other than the related Mortgaged Property and
      no portion of the related Mortgaged Property will lie in any other tax
      lot. Such conversion to one single tax lot will occur automatically and
      become effective as of January 1, 2007.

19(a). Loan No. 30 (Westland Portfolio) - In lieu of the Mortgagor depositing
      cash reserves for payment of deferred maintenance at the Mortgaged
      Property, a principal of the Mortgagor has guaranteed, on a recourse
      basis, the payment of such costs.

      Loan No. 107 (Sage Creek Apartments) - In lieu of the Mortgagor depositing
      cash reserves for payment of deferred maintenance at the Mortgaged
      Property, a principal of the Mortgagor has guaranteed, on a recourse
      basis, the payment of such costs.

19(b). Loan No. 41 (Schirm Farms Apartments) - The State of Ohio has filed a
      notice of intention to widen a state highway bordering the south side of
      the related Mortgaged Property. The notice of condemnation was filed in
      2001, but the state has not taken any action with regard to the proposed
      condemnation. Neither the Seller of the related Mortgaged Property nor the
      related Mortgagor has received notice that the State of Ohio has commenced
      the condemnation and commence the road widening. As contemplated in the
      notice of condemnation, the condemnation would not have a material adverse
      effect on the Mortgaged Property.

20.   Loan No. 14 (Hawaii Kai Shopping Center)

      20(d) - The agreement between the fee owner and the seller of the Mortgage
      Loan sets forth four (4) ongoing defaults (none of which involve the
      payment of rent) that were alleged under the various ground leases as of
      the closing of the Mortgage Loan. One of these alleged defaults involved a
      mechanic's lien against the portion of the related Mortgaged Property
      called "Building B" (this mechanic's lien was insured over in the Seller's
      Title Insurance Policy); after the closing of this Mortgage Loan, the
      Mortgagor delivered to the Seller copies of a bond posted by the related
      Tenant so as to cause the Mortgaged Property to be released from the
      mechanic's lien. A second alleged default states that the insurance
      provided by the Mortgagor may not comply with the requirements of each
      ground lease, including, without limitation, by having the insurance under
      all ground leases provided in a single policy; the Seller has no received
      no further notices from the fee owner concerning this situation. A third
      alleged default states that the fee owner reserves the right to request
      additional information from the Mortgagor regarding the calculation of
      percentage rent under each ground lease; as of October 26, 2006, the
      Mortgagor has informed the Seller that the fee owner has not made any
      subsequent requests for information. The final alleged default pertains
      only to the portion of the Mortgaged Property called "Building B", and
      states that the fee owner "is confirming whether [the related Mortgagor]
      has complied with the requirements related to construction"; this building
      was constructed in 1980 (although certain tenant improvements have been
      undertaken from time to time thereafter), and the Seller has received no
      further notice from the fee owner concerning this situation subsequent to
      the closing.

      20(g) -The term of each of the Ground Leases expires June 30, 2048
      (without renewal option); the Mortgage Loan matures September 1, 2031 and
      the amortization period expires September 1, 2036.

      20(i) - Pursuant to the Ground Lease, each sublease must meet the
      "Conditions to Attornment" set forth in Art. V(f) of the related Ground
      Lease, in order to receive a non-disturbance agreement from the ground
      lessor. One such Condition to Attornment is that the sum of the monthly
      base rent under all then-existing subleases must equal at least 1/12 of
      the annual base rent under the Ground Lease. The Seller of the Mortgage
      Loan does not believe this to be commercially unreasonable, but cannot
      determine whether a purchaser of the Mortgage Loan would or would not
      consider this to be commercially unreasonable.

      Loan No. 11 (Brewer's Hill)

      20(g) - The term of the Ground Lease expires on August 31, 2034, and the
      Mortgagor has an option to extend the term of the Ground Lease to August
      31, 2044; the Mortgage Loan matures July 1, 2016 and the amortization
      period expires July 1, 2036.

      20(h) - The Ground Lease is silent as to the holding and application of
      insurance proceeds; however, the ground lease parcel is an outdoor parking
      lot.

      20(i) - The Ground Lease is silent as to the right of the ground lessor to
      disturb the possession, interest or quiet enjoyment of any subtenant in
      the ground lease parcel; however, the ground lease parcel is used only for
      parking.

21(d). Loan Nos. 48 and 18 (65 Livingston Avenue and Lutherville Station) - See
      exceptions to Representation #10(a) above.

22.   Loan No. 126 (Home Depot - Houston) - The property insurance and liability
      insurance with respect to the Mortgaged Property is provided by the sole
      tenant at the Mortgaged Property, Home Depot U.S.A., Inc., which was rated
      "AA" by Standard & Poor's as of the origination date of the Mortgage Loan.
      The liability insurance contains a $1,000,000 deductible. The property
      insurance contains a deductible in an amount of which the Mortgage Loan
      Seller is not certain as of the date hereof. The property insurance
      coverage does not cover acts of terrorism.

      Loan No. 119 (999 Motor Parkway) - the sole tenant at the Mortgaged
      Property maintains the insurance with respect to Mortgaged Property under
      a blanket insurance policy. The property insurance contains a $100,000
      deductible and does not cover acts of terrorism. Such tenant self-insures
      for business interruption insurance; however a principal of Mortgagor has
      guaranteed to the holder of the Mortgage Loan the payment of any shortfall
      between the amount actually paid under such self-insured business
      interruption coverage and the amount that would have been paid if a
      business interruption insurance policy were maintained.

      Loan No. 103 (Towne Center at Sullivan) - a portion of the Mortgaged
      Property is ground leased by the Mortgagor, as lessor, to a tenant which
      operates a bank on the leased premises. Business interruption insurance is
      not in effect with respect to such leased premises; however, the lease for
      such leased premises does not permit the tenant to abate rent in the event
      of a casualty except in the event that access to such leased premises is
      prohibited due to a casualty on the remaining portion of the shopping
      center which comprises the Mortgaged Property.

      Loan No. 8 (Sheraton Hotel at Newark International Airport) - $100,000
      deductibles are permitted for all coverages. In addition, for so long as
      Columbia Sussex Corporation is in control of the Mortgagor, the Mortgagor
      may have deductibles or self-insured retention of up to $1,000,000
      provided that the Mortgagor and an affiliate of Mortgagor shall remain
      liable to the holder of the Mortgage Loan for any shortfall between the
      amount actually paid under any such policies and the amount that would
      have been paid if the deductibles were $100,000.

28.   Loan No. 3 (Residence Inn Times Square) - The related Mortgage Loan
      documents require (i) the related Mortgagor to establish a reserve (the
      "FF&E Reserve") and (ii) to fund the FF&E Reserve on a monthly basis in an
      amount equal to the Reserve Amount (as hereinafter defined). The FF&E
      Reserve is maintained at HSBC Bank USA, NA (Account #619760192). The
      related Mortgage Loan documents provide that upon an "FF&E Reserve Trigger
      Event" (as hereinafter defined), (i) the related Mortgagor shall pay the
      Reserve Amount directly to the holder of the Mortgage Loan, and (ii) HSBC
      Bank USA, NA shall pay to the holder of the Mortgage Loan the funds in the
      FF&E Reserve. Pursuant to the related Mortgage Loan documents, the related
      Mortgagor pledged the FF&E Reserve to the holder of the Mortgage Loan as
      additional collateral for the Mortgage Loan. As used herein, the term
      "Reserve Amount" means one-twelfth of 4% of "Gross Revenues" (as defined
      in the related Mortgage Loan documents) for the prior year with an initial
      monthly deposit of $105,000.00 and (ii) "FF&E Reserve Trigger Event" means
      the occurrence of any of the following: (i) an Event of Default (as
      defined in the related Mortgage Loan documents) or (ii) a Sale (as defined
      in the related Mortgage Loan documents) or any transfer of any interest in
      the related Mortgagor that is not either permitted under the related
      Mortgage Loan documents or consented to in writing by the holder of the
      Mortgage Loan.

30.   Loan Nos. 25 and 90 (Com Realty Portfolio and Saint Rita's) - See
      exceptions to Representation #6 above.

      Loan No. 98 (Copeland Crossing) - The Mortgagor (Rosewood Realty Trust) is
      a Massachusetts Common Law Trust. The sole trustee and beneficiary of the
      trust is a special purpose entity.

32.   Loan Nos. 25, 90, 103 and 104 (Com Realty Portfolio, Saint Rita's, Towne
      Center at Sullivan Trail and Atwood Oceanics Building) - See exceptions to
      Representation #6 above.

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

            a.    Loan No. 11 (Brewer's Hill)
            b.    Loan No. 37 (Bonnie Lane and Northlake Portfolio)
            c.    Loan No. 33 (99 Founders Plaza)
            d.    Loan No. 36 (Altamonte Town Center I)
            e.    Loan No. 23 (Altamonte Town Center II)
            f.    Loan No. 111 (CVS Goldenrod)
            g.    Loan No. 147 (Alafaya Pointe)

        The following applies to each of the Mortgage Loans listed below: As of
        the Closing Date, the related Mezzanine Loan is held by the Mortgage
        Loan Seller.

            a.    Loan No. 36 (Altamonte Town Center I)
            b.    Loan No. 23 (Altamonte Town Center II)
            c.    Loan No. 111 (CVS Goldenrod)
            d.    Loan No. 147 (Alafaya Pointe)

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

            a.    Loan No. 14 (Hawaii Kai Shopping Center)
            b.    Loan No. 18 (Lutherville Station )
            c.    Loan No. 10 (The Towers)
            d.    Loan No. 68 (Country Inn & Suites - Gainesville, FL)
            e.    Loan No. 83 (Country Inn & Suites - Valdosta, GA)
            f.    Loan No. 15 (Magic Valley Mall)
            g.    Loan No. 53 (Foxfire Apartments)
            h.    Loan No. 20 (AMLI on The Green)
            i.    Loan No. 96 (Business Center at Riverside)
            j.    Loan No. 98 (Copeland Crossing Apartments)
            k.    Loan No. 35 (Bridges of Kennesaw Apartments)
            l.    Loan No. 50 (Hester's Crossing Shopping Center)
            m.    Loan No. 41 (Schirm Farms Apartments)

      Loan No. 65 (East Side Plaza) -The related Mortgage Loan documents permit
      an affiliate of KIMCO Realty Corp., the investor partner in the
      Mortgagor's parent, to take sole control of the Mortgagor.

      Loan No. 10 (The Towers) - The Mortgage Loan permits a change of control
      of the Mortgagor, in the event that the original Principal is no longer
      alive and competent, to certain relatives who were pre-approved by the
      holder of the Mortgage Loan and defined in the Mortgage as "Approved
      Control Parties." The original "Principal" is defined in the Mortgage as
      Philip Pilevsky. "Approved Control Party" is defined in the mortgage as
      Philip Pilevsky, as long as he is alive and competent, and if he is not,
      then it shall mean Sheila Levine, Michael Pilevsky, Heidi Leifer and Seth
      Pilevsky, individually or collectively, or any entity which is controlled
      directly or indirectly by such party.

35.   Loan Nos. 7, 11 and 25 (CityView Portfolio II, Brewer's Hill and Com
      Realty Portfolio) - See exceptions to Representation #12 above.

37.   Loan No. 62 (Clay Portfolio) - See exceptions to Representation #16 above.

40.   Loan No. 65 (East Side Plaza) - Kimco Preferred Investor XLII, Inc. (an
      affiliate of Kimco Realty Corporation) (herein, "Kimco") holds a preferred
      equity interest in the Mortgagor. Pursuant to a "consent agreement"
      between Kimco and the Seller, Kimco has a right to notice of any failure
      to make a payment as/when due, and the right to cure such event of default
      within 2 business days after notice. The due date is the 1st of the month,
      with 5 days' grace period, before the notice can be given.

      Loan No. 11 (Brewer's Hill) - In the event that (i) the Master Tenant (as
      defined in the Mortgage Note) is the tenant under the Master Lease (as
      defined in the Mortgage Note) and the Master Lease is in full force and
      effect without any default thereunder by Master Tenant and (ii) any
      default occurs in the payment of principal or interest under the Mortgage
      Note and such payment is not made within seven (7) days of the date such
      payment is due, then such default in the payment of principal or interest
      shall not constitute an "Event of Default" unless Master Tenant fails to
      cure such default by payment of same directly to lender within seven (7)
      days of lender's notice to Master Tenant of such default; provided
      however, (x) (i) the foregoing cure right of Master Tenant shall in no
      event effect the applicability of the late charge and default interest
      rate payable with respect to any amount not paid within seven (7) days of
      the date such payment is due and (ii) notwithstanding anything in the
      Mortgage Note to the contrary, the late charge and default interest rate
      shall be payable if any default occurs in the payment of principal or
      interest and such payment is not made within seven (7) days of the date
      such payment is due without giving regard to the foregoing cure right of
      the Master Tenant, (y) no attempted cure by Master Tenant of any default
      in the payment of principal or interest shall be acceptable unless at the
      time that Master Tenant pays to lender such unpaid amount of principal or
      interest, Master Tenant also pays to lender any and all late charges and
      default interest (payable at the default interest rate) payable with
      respect to such unpaid amounts and (z) the foregoing cure right of Master
      Tenant shall not apply to the payment of principal and interest due on the
      maturity date.

42.   Loan No. 8 (Sheraton Hotel at Newark International Airport) - The Mortgage
      Loan documents provide that in the event that terrorism insurance rates
      rise significantly or such coverage is not available with an all-risk
      policy, then the cost of the annual premium associated with terrorism
      insurance that the Mortgagor shall be required to incur shall be limited
      to 200% of the cost of the then current premium for all-risk casualty
      insurance without terrorism coverage.

      Loan No. 55 (Linens N' Things) - The Mortgage Loan documents provide that
      the Mortgagor is not obligated to incur a cost for terrorism insurance
      that is in excess of two (2) times the cost of the "all-risk" insurance
      required under the Mortgage Loan documents.

      Loan No. 62 (Clay Portfolio) - with respect to the United Rental Facility
      - Napa and the United Rental Facility - Houston properties, the sole
      tenant at the Mortgaged Property maintains the property insurance with
      respect to Mortgaged Property and such coverage does not cover acts of
      terrorism.

      Loan No. 126 (Home Depot - Houston) - See exception to Representation #22
      above.

      Loan No. 119 (999 Motor Parkway) - See exception to Representation #22
      above.

      Loan No. 111 (CVS Goldenrod) - the sole tenant at the Mortgaged Property
      maintains the property insurance with respect to Mortgaged Property and
      such coverage does not cover acts of terrorism.

<PAGE>

                                    EXHIBIT D

                          FORM OF OFFICER'S CERTIFICATE

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

1.    I have examined the Mortgage Loan Purchase Agreement, dated as of November
      28, 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 with the same force and
      effect as if made on and as of the date hereof.

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

3.    I have examined the information regarding the Mortgage Loans in each
      Free Writing Prospectus (as defined in the Indemnification Agreement),
      when read in conjunction with the other Time of Sale Information (as
      defined in the Indemnification Agreement), the Prospectus, dated
      September 22, 2006, as supplemented by the Prospectus Supplement, dated
      November 16, 2006 (collectively, the "Prospectus"), relating to the
      offering of the Class A-1, Class A-3, Class A-4, Class A-SB, Class
      A-1A, Class X, Class A-M, Class A-J, Class B, Class C and Class D
      Certificates, the Private Placement Memorandum, dated November 16, 2006
      (the "Privately Offered Certificate Private Placement Memorandum"),
      relating to the offering of the Class E, Class F, Class G, Class H,
      Class J, Class K, Class L, Class M, Class N, Class P and Class NR
      Certificates, and the Residual Private Placement Memorandum, dated
      November 16, 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 any
      Free Writing Prospectus, including any diskette attached thereto, when
      read in conjunction with the other Time of Sale Information, as of the
      Time of Sale (as defined in the Indemnification Agreement) or as of the
      date hereof, the Prospectus, as of the date of the Prospectus
      Supplement or as of the date hereof, or the Private Placement
      Memoranda, as of the date of the Private Placement Memoranda or as of
      the date hereof, included or includes any untrue statement of a
      material fact relating to the Mortgage Loans or in the case of any Free
      Writing Prospectus, when read in conjunction with the other Time of
      Sale Information, omitted or omits to state therein a material fact
      necessary in order to make the statements therein relating to the
      Mortgage Loans, in light of the circumstances under which they were
      made, not misleading.

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

<PAGE>

            IN WITNESS WHEREOF, I have signed my name this __ day of ______
2006.

                                       By:_____________________________
                                          Name:
                                          Title:Exhibit 10.1

                             SUBSCRIPTION AGREEMENT

Enzo Biochem, Inc.
527 Madison Ave.
New York, NY 10022

Gentlemen:

The  undersigned  (the  "INVESTOR")  hereby  confirms its agreement  with you as
follows:

       1.     This Subscription  Agreement (this  "AGREEMENT") is made as of the
date set forth below between Enzo  Biochem,  Inc., a New York  corporation  (the
"COMPANY"), and the Investor.

       2.     The  Company  has  authorized  the sale and  issuance  to  certain
investors of up to an aggregate of 3,285,715 shares (the "SHARES") of its Common
Stock, par value $0.01 per share (the "COMMON STOCK"),  subject to adjustment by
the Company's Board of Directors,  or a committee thereof,  for a purchase price
of $14.00 per share (the "PURCHASE PRICE").

       3.     The  offering  and sale of the Shares (the  "OFFERING")  are being
made pursuant to (1) an effective  Registration Statement on Form S-3 (including
the Prospectus  contained  therein (the "BASE  PROSPECTUS"),  the  "REGISTRATION
STATEMENT")  filed by the Company with the  Securities  and Exchange  Commission
(the "COMMISSION"),  (2) if applicable,  certain "free writing prospectuses" (as
that term is defined in Rule 405 under the  Securities Act of 1933, as amended),
that have or will be filed with the  Commission and delivered to the Investor on
or prior to the date hereof and (3) a  Prospectus  Supplement  (the  "PROSPECTUS
SUPPLEMENT" and together with the Base Prospectus,  the "PROSPECTUS") containing
certain supplemental  information regarding the Shares and terms of the Offering
that will be filed with the  Commission  and  delivered to the Investor (or made
available to the Investor by the filing by the Company of an electronic  version
thereof with the Commission).

       4.     The Company and the Investor agree that the Investor will purchase
from the Company and the Company  will issue and sell to the Investor the Shares
of Common  Stock set forth  below  for the  aggregate  purchase  price set forth
below.  The Shares shall be purchased  pursuant to the Terms and  Conditions for
Purchase of Shares  attached hereto as ANNEX I and  incorporated  herein by this
reference  as if fully set forth  herein.  The  Investor  acknowledges  that the
Offering  is not being  underwritten  by the  placement  agent  (the  "PLACEMENT
AGENT") named in the Prospectus Supplement and that there is no minimum offering
amount.

       5.     The manner of settlement  of the Shares  purchased by the Investor
shall be determined by such Investor as follows (CHECK ONE):

[____] A. Delivery by  electronic  book-entry  at The  Depository  Trust Company
          ("DTC"),  registered in the  Investor's  name and address as set forth
          below,  and released by American Stock  Transfer & Trust Company,  the
          Company's  transfer agent (the "TRANSFER  AGENT"),  to the

<PAGE>

          Investor at the Closing.  NO LATER THAN ONE (1) BUSINESS DAY AFTER THE
          EXECUTION OF THIS  AGREEMENT  BY THE  INVESTOR  AND THE  COMPANY,  THE
          INVESTOR SHALL:

          (I)  DIRECT THE  BROKER-DEALER  AT WHICH THE ACCOUNT OR ACCOUNTS TO BE
               CREDITED   WITH  THE   SHARES   ARE   MAINTAINED   TO  SET  UP  A
               DEPOSIT/WITHDRAWAL AT CUSTODIAN ("DWAC") INSTRUCTING THE TRANSFER
               AGENT TO CREDIT SUCH ACCOUNT OR ACCOUNTS WITH THE SHARES, AND

          (II) REMIT BY WIRE TRANSFER THE AMOUNT OF FUNDS EQUAL TO THE AGGREGATE
               PURCHASE PRICE FOR THE SHARES BEING  PURCHASED BY THE INVESTOR TO
               THE FOLLOWING ACCOUNT:

                   THE CITIBANK PRIVATE BANK
                   666 Fifth Avenue, 5th Floor
                   New York, NY 10103
                   ABA # 021-000-089
                   Account Name: Thelen Reid Brown Raysman & Steiner LLP, escrow
                   agent for the account of Enzo Biochem, Inc.
                   Account Number: 9970183451

       - OR -

[____] B. Delivery versus payment  ("DVP") through DTC (i.e.,  the Company shall
          deliver Shares  registered in the  Investor's  name and address as set
          forth below and released by the Transfer Agent to the Investor through
          DTC at the  Closing  directly  to the  account(s)  at  Lazard  Capital
          Markets LLC ("LCM")  identified  by the  Investor  and  simultaneously
          therewith  payment  shall  be  made  by LCM by  wire  transfer  to the
          Company).  NO LATER THAN ONE (1) BUSINESS  DAY AFTER THE  EXECUTION OF
          THIS AGREEMENT BY THE INVESTOR AND THE COMPANY, THE INVESTOR SHALL:

          (I)  NOTIFY LCM OF THE ACCOUNT OR ACCOUNTS AT LCM TO BE CREDITED  WITH
               THE SHARES BEING PURCHASED BY SUCH INVESTOR, AND

          (II) CONFIRM  THAT THE ACCOUNT OR ACCOUNTS AT LCM TO BE CREDITED  WITH
               THE SHARES BEING PURCHASED BY THE INVESTOR HAVE A MINIMUM BALANCE
               EQUAL  TO THE  AGGREGATE  PURCHASE  PRICE  FOR THE  SHARES  BEING
               PURCHASED BY THE INVESTOR.

IT IS THE INVESTOR'S  RESPONSIBILITY  TO (A) MAKE THE NECESSARY WIRE TRANSFER OR
CONFIRM  THE PROPER  ACCOUNT  BALANCE IN A TIMELY  MANNER  AND (B)  ARRANGE  FOR
SETTLEMENT  BY WAY OF DWAC OR DVP IN A TIMELY  MANNER.  IF THE INVESTOR DOES NOT
DELIVER  THE  AGGREGATE  PURCHASE  PRICE FOR THE SHARES OR DOES NOT MAKE  PROPER
ARRANGEMENTS FOR SETTLEMENT IN A TIMELY MANNER,  THE SHARES MAY NOT BE DELIVERED
AT

                                     - 2 -
<PAGE>

CLOSING  TO THE  INVESTOR  OR THE  INVESTOR  MAY BE  EXCLUDED  FROM THE  CLOSING
ALTOGETHER.

6.     The Investor  represents that,  except as set forth below, (a) it has had
no position,  office or other material  relationship within the past three years
with the Company or persons known to it to be affiliates of the Company,  (b) it
is not a NASD member or an Associated  Person (as such term is defined under the
NASD Membership and Registration Rules Section 1011) as of the Closing,  and (c)
neither the  Investor  nor any group of  Investors  (as  identified  in a public
filing made with the  Commission)  of which the Investor is a part in connection
with the Offering of the Shares, acquired, or obtained the right to acquire, 20%
or more of the Common Stock (or securities  convertible  into or exercisable for
Common  Stock) or the voting power of the Company on a  post-transaction  basis.
Exceptions:

--------------------------------------------------------------------------------
        (If no exceptions, write "none." If left blank, response will be
                             deemed to be "none.")

7.     The  Investor  represents  that it has received  (or  otherwise  had made
available to it by the filing by the Company of an  electronic  version  thereof
with the Commission)  the Base  Prospectus,  dated November 3, 2006,  which is a
part of the Company's  Registration  Statement,  the documents  incorporated  by
reference therein and any free writing prospectus (collectively, the "DISCLOSURE
PACKAGE"),  prior to or in connection  with the receipt of this  Agreement.  The
Investor  acknowledges  that,  prior to the  delivery of this  Agreement  to the
Company, the Investor will receive certain additional  information regarding the
Offering,  including  pricing  information  (the "OFFERING  INFORMATION").  Such
information  may be provided to the  Investor by any means  permitted  under the
Act,  including the Prospectus  Supplement,  a free writing  prospectus and oral
communications.

8.     No offer by the  Investor to buy Shares  will be accepted  and no part of
the  Purchase  Price will be  delivered  to the Company  until the  Investor has
received the  Offering  Information  and the Company has accepted  such offer by
countersigning a copy of this Agreement,  and any such offer may be withdrawn or
revoked,  without obligation or commitment of any kind, at any time prior to the
Company (or a Placement  Agent on behalf of the  Company)  sending  (orally,  in
writing or by  electronic  mail)  notice of its  acceptance  of such  offer.  An
indication  of interest  will involve no  obligation  or  commitment of any kind
until  the  Investor  has  been  delivered  the  Offering  Information  and this
Agreement is accepted and countersigned by or on behalf of the Company.

                                     - 3 -
<PAGE>

Number of Shares:_________________________________

Purchase Price Per Share: $_______________________

Aggregate Purchase Price: $_______________________

         Please  confirm that the foregoing  correctly  sets forth the agreement
between us by signing in the space provided below for that purpose.

                                         Dated as of:  December __, 2006

                                         _______________________________________
                                         INVESTOR

                                         By:____________________________________
                                         Print Name:____________________________
                                         Title:_________________________________
                                         Address:_______________________________
                                         _______________________________________

Agreed and Accepted
this ___ day of December, 2006:

ENZO BIOCHEM, INC.

By:_________________________________
Name:
Title:

                                     - 4 -
<PAGE>

                                     ANNEX I

                   TERMS AND CONDITIONS FOR PURCHASE OF SHARES

         1.       AUTHORIZATION AND SALE OF THE SHARES. Subject to the terms and
conditions of this Agreement, the Company has authorized the sale of the Shares.

         2.       AGREEMENT TO SELL AND PURCHASE THE SHARES; PLACEMENT AGENT.

                  2.1      At the  Closing  (as  defined  in SECTION  3.1),  the
Company will sell to the  Investor,  and the  Investor  will  purchase  from the
Company,  upon the terms and conditions  set forth herein,  the number of Shares
set forth on the last page of the Agreement to which these Terms and  Conditions
for  Purchase of Shares are attached as ANNEX I (the  "SIGNATURE  PAGE") for the
aggregate purchase price therefor set forth on the Signature Page.

                  2.2      The Company proposes to enter into substantially this
same form of  Subscription  Agreement  with certain other  investors (the "OTHER
INVESTORS")  and expects to complete  sales of Shares to them.  The Investor and
the Other Investors are hereinafter  sometimes  collectively  referred to as the
"INVESTORS," and this Agreement and the Subscription  Agreements executed by the
Other  Investors  are  hereinafter  sometimes  collectively  referred  to as the
"AGREEMENTS."

                  2.3      Investor  acknowledges that the Company has agreed to
pay Lazard Capital  Markets LLC (the  "PLACEMENT  AGENT") a fee (the  "PLACEMENT
FEE") in respect of the sale of Shares to the Investor.

                  2.4      The  Company  has  entered  into  a  Placement  Agent
Agreement,  dated  December  14,  2006  (the  "PLACEMENT  AGREEMENT"),  with the
Placement Agent that contains certain representations, warranties, covenants and
agreements of the Company that may be relied upon by the  Investor,  which shall
be a third party beneficiary thereof.

         3.       CLOSINGS AND DELIVERY OF THE SHARES AND FUNDS.

                  3.1      CLOSING.  The  completion of the purchase and sale of
the Shares (the "CLOSING")  shall occur at a place and time (the "CLOSING DATE")
to be  specified  by the  Company  and the  Placement  Agent,  and of which  the
Investors will be notified in advance by the Placement Agent, in accordance with
Rule 15c6-1  promulgated  under the Securities  Exchange Act of 1934, as amended
(the "EXCHANGE  ACT"). At the Closing,  (a) the Company shall cause the Transfer
Agent to deliver to the Investor the number of Shares set forth on the Signature
Page  registered in the name of the Investor or, if so indicated on the Investor
Questionnaire  attached hereto as EXHIBIT A, in the name of a nominee designated
by the  Investor  and (b) the  aggregate  purchase  price for the  Shares  being
purchased by the  Investor  will be delivered by or on behalf of the Investor to
the Company.

                  3.2      CONDITIONS  TO THE  COMPANY'S  OBLIGATIONS.  (a)  The
Company's  obligation  to issue  and sell the  Shares to the  Investor  shall be
subject to: (i) the receipt by the Company of the purchase  price for the Shares
being  purchased  hereunder  as set  forth  on the  Signature  Page and (ii) the
accuracy of the  representations  and  warranties  made by the  Investor and the
fulfillment of those  undertakings  of the Investor to be fulfilled prior to the
Closing Date.

                                     - 5 -
<PAGE>

                           (b)      CONDITIONS  TO THE  INVESTOR'S  OBLIGATIONS.
The Investor's obligation to purchase the Shares will be subject to the accuracy
of the representations and warranties made by the Company and the fulfillment of
those  undertakings  of the Company to be fulfilled  prior to the Closing  Date,
including  without  limitation,  those  contained  in  this  Agreement  and  the
Placement  Agreement,  and to the condition  that the Placement  Agent shall not
have: (a) terminated  the Placement  Agreement  pursuant to the terms thereof or
(b)  determined  that the  conditions to the closing in the Placement  Agreement
have  not  been  satisfied.   The  Investor's   obligations  are  expressly  not
conditioned  on the purchase by any or all of the Other  Investors of the Shares
that they have agreed to purchase from the Company.

                  3.3      DELIVERY OF FUNDS.

                           (a)      DELIVERY  BY  ELECTRONIC  BOOK-ENTRY  AT THE
DEPOSITORY TRUST COMPANY.  If the Investor elects to settle the Shares purchased
by such Investor through delivery by electronic book-entry at DTC, NO LATER THAN
ONE (1) BUSINESS DAY AFTER THE  EXECUTION OF THIS  AGREEMENT BY THE INVESTOR AND
THE COMPANY, the Investor shall remit by wire transfer the amount of funds equal
to the aggregate  purchase price for the Shares being  purchased by the Investor
to the  following  account  designated  by the Company and the  Placement  Agent
pursuant to the terms of that certain Escrow Agreement (the "ESCROW  AGREEMENT")
dated as of December 14, 2006, by and among the Company, the Placement Agent and
Thelen Reid Brown Raysman & Steiner LLP (the "ESCROW AGENT"):

                   THE CITIBANK PRIVATE BANK
                   666 Fifth Avenue, 5th Floor
                   New York, NY 10103
                   ABA # 021-000-089
                   Account Name: Thelen Reid Brown Raysman & Steiner LLP, escrow
                   agent for the account of Enzo Biochem, Inc.
                   Account Number: 9970183451

                           Such funds shall be held in escrow  until the Closing
and delivered by the Escrow Agent on behalf of the Investors to the Company upon
the satisfaction, in the sole judgment of the Placement Agent, of the conditions
set forth in Section 3.2(b) hereof.  The Placement Agent shall have no rights in
or to any of the escrowed funds, unless the Placement Agent and the Escrow Agent
are  notified in writing by the Company in  connection  with the Closing  that a
portion of the escrowed funds shall be applied to the Placement Fee. The Company
and the Investor  agree to indemnify and hold the Escrow Agent harmless from and
against any and all losses,  costs,  damages,  expenses  and claims  (including,
without  limitation,  court  costs and  reasonable  attorneys  fees)  ("LOSSES")
arising  under this SECTION 3.3 or  otherwise  with respect to the funds held in
escrow  pursuant  hereto or  arising  under the Escrow  Agreement,  unless it is
finally   determined  that  such  Losses  resulted  directly  from  the  willful
misconduct or gross  negligence of the Escrow Agent.  Anything in this Agreement
to the  contrary  notwithstanding,  in no event shall the Escrow Agent be liable
for any special, indirect or consequential loss or damage of any kind whatsoever
(including but not limited to lost  profits),  even if the Escrow Agent has been
advised of the  likelihood of such loss or damage and  regardless of the form of
action.

                           Investor shall also furnish to the Placement  Agent a
completed  W-9 form (or, in the case of an Investor  who is not a United  States
citizen or resident, a W-8 form).

                                     - 6 -
<PAGE>

                           Investor  acknowledges  that the Escrow Agent acts as
counsel  to the  Placement  Agent,  and  shall  have the  right to  continue  to
represent the Placement  Agent, in any action,  proceeding,  claim,  litigation,
dispute,  arbitration  or  negotiation  in  connection  with the  Offering,  and
Investor  hereby  consents  thereto and waives any  objection  to the  continued
representation  of  the  Placement  Agent  by the  Escrow  Agent  in  connection
therewith  based  upon  the  services  of the  Escrow  Agent  under  the  Escrow
Agreement,  without  waiving any duty or obligation the Escrow Agent may have to
any other person.

                           (b)      DELIVERY    VERSUS   PAYMENT   THROUGH   THE
DEPOSITORY TRUST COMPANY.  If the Investor elects to settle the Shares purchased
by such Investor by delivery  versus payment  through DTC, NO LATER THAN ONE (1)
BUSINESS  DAY AFTER THE  EXECUTION  OF THIS  AGREEMENT  BY THE  INVESTOR AND THE
COMPANY,  the  Investor  shall  confirm  that the  account or accounts at Lazard
Capital  Markets LLC ("LCM") to be credited  with the Shares being  purchased by
the Investor have a minimum  balance equal to the aggregate  purchase  price for
the Shares being purchased by the Investor.

                  3.4      DELIVERY OF SHARES.

                           (a)      DELIVERY  BY  ELECTRONIC  BOOK-ENTRY  AT THE
DEPOSITORY TRUST COMPANY.  If the Investor elects to settle the Shares purchased
by such Investor through delivery by electronic book-entry at DTC, NO LATER THAN
ONE (1) BUSINESS DAY AFTER THE  EXECUTION OF THIS  AGREEMENT BY THE INVESTOR AND
THE COMPANY, the Investor shall direct the broker-dealer at which the account or
accounts to be credited  with the Shares being  purchased  by such  Investor are
maintained,  which  broker/dealer  shall  be a  DTC  participant,  to  set  up a
Deposit/Withdrawal  at Custodian ("DWAC")  instructing American Stock Transfer &
Trust Company,  the Company's transfer agent, to credit such account or accounts
with the Shares by means of an electronic  book-entry delivery.  Such DWAC shall
indicate the settlement date for the deposit of the Shares,  which date shall be
provided  to the  Investor  by the  Placement  Agent.  Simultaneously  with  the
delivery to the Company by the Escrow Agent of the funds held in escrow pursuant
to SECTION 3.3 above,  the Company shall direct its transfer agent to credit the
Investor's  account or  accounts  with the Shares  pursuant  to the  information
contained in the DWAC.

                           (b)      DELIVERY    VERSUS   PAYMENT   THROUGH   THE
DEPOSITORY TRUST COMPANY.  If the Investor elects to settle the Shares purchased
by such Investor by delivery  versus payment  through DTC, NO LATER THAN ONE (1)
BUSINESS  DAY AFTER THE  EXECUTION  OF THIS  AGREEMENT  BY THE  INVESTOR AND THE
COMPANY,  the Investor  shall notify LCM of the account or accounts at LCM to be
credited with the Shares being purchased by such Investor.  On the Closing Date,
the Company shall deliver the Shares to the Investor through DTC directly to the
account(s) at LCM identified by Investor and  simultaneously  therewith  payment
shall be made by LCM by wire transfer to the Company.

         4.       REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE INVESTOR.

         The Investor  represents  and warrants to, and agrees with, the Company
and the Placement Agent that:

                  4.1      The Investor (a) is knowledgeable,  sophisticated and
experienced  in making,  and is  qualified  to make  decisions  with respect to,
investments  in shares  presenting an investment  decision like that involved in
the purchase of the Shares,  including  investments in securities  issued by the
Company and investments in comparable companies,  (b) has answered all questions
on the Signature Page and the Investor Questionnaire and the answers thereto are
true and correct as of the date hereof

                                     - 7 -
<PAGE>

and will be true and correct as of the Closing Date and (c) in  connection  with
its decision to purchase the number of Shares set forth on the  Signature  Page,
has received  and is relying only upon the  Disclosure  Package,  the  documents
incorporated by reference therein and the Offering Information.

                  4.2      If the Investor is outside the United States, it will
comply with all applicable laws and regulations in each foreign  jurisdiction in
which it purchases, offers, sells or delivers Shares or has in its possession or
distributes any offering material, in all cases at its own expense.

                  4.3      (a) The Investor has full right, power, authority and
capacity  to enter  into  this  Agreement  and to  consummate  the  transactions
contemplated  hereby  and has  taken  all  necessary  action  to  authorize  the
execution,  delivery and performance of this  Agreement,  and (b) this Agreement
constitutes a valid and binding obligation of the Investor  enforceable  against
the  Investor in  accordance  with its terms,  except as  enforceability  may be
limited by  applicable  bankruptcy,  insolvency,  reorganization,  moratorium or
similar laws affecting  creditors' and contracting parties' rights generally and
except  as  enforceability  may be  subject  to  general  principles  of  equity
(regardless  of whether such  enforceability  is  considered  in a proceeding in
equity  or at  law)  and  except  as to  the  enforceability  of any  rights  to
indemnification  or  contribution  that may be  violative  of the public  policy
underlying  any  law,  rule  or  regulation  (including  any  federal  or  state
securities law, rule or regulation).

                  4.4      The  Investor   understands   that  nothing  in  this
Agreement,  the Prospectus or any other  materials  presented to the Investor in
connection with the purchase and sale of the Shares  constitutes  legal,  tax or
investment  advice.  The Investor has consulted  such legal,  tax and investment
advisors as it, in its sole  discretion,  has deemed necessary or appropriate in
connection with its purchase of Shares.

                  4.5      Since the date on which  the  Placement  Agent  first
contacted  such  Investor  about  the  Offering,  it  has  not  engaged  in  any
transactions in the securities of the Company  (including,  without  limitation,
any Short Sales  involving the Company's  securities).  Each Investor  covenants
that it will not engage in any  transactions  in the  securities  of the Company
(including Short Sales) prior to the time that the transactions  contemplated by
this Agreement are publicly disclosed. Each Investor agrees that it will not use
any of the  Shares  acquired  pursuant  to this  Agreement  to cover  any  short
position in the Common  Stock if doing so would be in  violation  of  applicable
securities laws. For purposes hereof, "Short Sales" include, without limitation,
all "short sales" as defined in Rule 200 promulgated  under Regulation SHO under
the  Exchange  Act,  whether or not against the box, and all types of direct and
indirect stock pledges,  forward sales contracts,  options,  puts, calls,  short
sales, swaps, "put equivalent  positions" (as defined in Rule 16a-1(h) under the
Exchange Act) and similar arrangements  (including on a total return basis), and
sales and other transactions  through non-US broker dealers or foreign regulated
brokers.

         5.       SURVIVAL OF REPRESENTATIONS,  WARRANTIES AND AGREEMENTS; THIRD
PARTY BENEFICIARY.  Notwithstanding  any investigation made by any party to this
Agreement or by the Placement Agent, all covenants, agreements,  representations
and  warranties  made by the Company and the  Investor  herein will  survive the
execution  of this  Agreement,  the delivery to the Investor of the Shares being
purchased and the payment therefor.  The Placement Agent and Lazard Freres & Co.
shall  be  third  party  beneficiaries  with  respect  to  the  representations,
warranties and agreements of the Investor in Section 4 hereof.

                                     - 8 -
<PAGE>

         6.       NOTICES.   All   notices,   requests,   consents   and   other
communications  hereunder  will be in writing,  will be mailed (a) if within the
domestic  United  States by  first-class  registered  or certified  airmail,  or
nationally  recognized  overnight  express  courier,   postage  prepaid,  or  by
facsimile or (b) if delivered from outside the United States,  by  International
Federal  Express or  facsimile,  and will be deemed  given (i) if  delivered  by
first-class registered or certified mail domestic,  three business days after so
mailed,  (ii) if delivered  by  nationally  recognized  overnight  carrier,  one
business  day after so  mailed,  (iii) if  delivered  by  International  Federal
Express,  two business  days after so mailed and (iv) if delivered by facsimile,
upon  electric  confirmation  of receipt and will be delivered  and addressed as
follows:

            (a)  IF TO THE COMPANY, TO:

                 Enzo Biochem, Inc.
                 527 Madison Ave.
                 New York, NY 10022
                 Attention:  Barry Weiner, President and Chief Financial Officer
                 Facsimile:  212-583-0150

                 WITH COPIES TO:

                 Greenberg Traurig, LLP
                 MetLife Building
                 200 Park Avenue
                 New York, NY 10166
                 Attention: Robert H. Cohen
                 Facsimile:  212-801-6400

             (b) if to the  Investor,  at its  address  on  the  Signature  Page
         hereto,  or at  such  other  address  or  addresses  as may  have  been
         furnished to the Company in writing.

         7.       CHANGES.  This Agreement may not be modified or amended except
pursuant to an instrument in writing signed by the Company and the Investor.

         8.       HEADINGS.  The  headings  of  the  various  sections  of  this
Agreement  have been inserted for  convenience of reference only and will not be
deemed to be part of this Agreement.

         9.       SEVERABILITY.   In  case  any  provision   contained  in  this
Agreement  should be  invalid,  illegal or  unenforceable  in any  respect,  the
validity,  legality and  enforceability  of the remaining  provisions  contained
herein will not in any way be affected or impaired thereby.

         10.      GOVERNING  LAW.  This  Agreement  will  be  governed  by,  and
construed  in  accordance  with,  the  internal  laws of the  State of New York,
without  giving effect to the  principles of conflicts of law that would require
the application of the laws of any other jurisdiction.

         11.      COUNTERPARTS.  This  Agreement  may be executed in two or more
counterparts,  each of which will constitute an original, but all of which, when
taken together,  will constitute but one instrument,  and will become  effective
when  one or more  counterparts  have  been  signed  by each  party  hereto  and
delivered to the other parties. The Company and the Investor acknowledge

                                     - 9 -
<PAGE>

and agree that the Company shall deliver its  counterpart  to the Investor along
with the  Prospectus  Supplement  (or the filing by the Company of an electronic
version thereof with the Commission).

         12.      CONFIRMATION  OF SALE.  The Investor  acknowledges  and agrees
that such  Investor's  receipt of the Company's  counterpart to this  Agreement,
together  with the  Prospectus  Supplement  (or the filing by the  Company of an
electronic  version  thereof  with the  Commission),  shall  constitute  written
confirmation of the Company's sale of Shares to such Investor.

         13.      PRESS  RELEASE.  The Company and the  Investor  agree that the
Company shall issue a press release announcing the Offering prior to the opening
of the financial  markets in New York City on the business day immediately after
the date hereof.

         14.      TERMINATION.  In the event  that the  Placement  Agreement  is
terminated by the Placement Agent pursuant to the terms thereof,  this Agreement
shall terminate without any further action on the part of the parties hereto.

                                     - 10 -
<PAGE>

                                    EXHIBIT A

                               ENZO BIOCHEM, INC.

                             INVESTOR QUESTIONNAIRE

         Pursuant to SECTION 3 of ANNEX I to the  Agreement,  please  provide us
with the following information:

1.       The exact name that your Shares are          __________________________
         to be registered in. You may use a
         nominee name if appropriate:

2.       The relationship between the                 __________________________
         Investor and the registered holder
         listed in response to item 1 above:

3.       The mailing address of the                   __________________________
         registered holder listed in response
         to item 1 above:

4.       The Social Security Number or Tax            __________________________
         Identification Number of the
         registered holder listed in the
         response to item 1 above:

5.       Name of DTC Participant                      __________________________
         (broker-dealer at which the account
         or accounts to be credited with the
         Shares are maintained):

6.       DTC Participant Number:                      __________________________

7.       Name of Account at DTC Participant           __________________________
         being credited with the Shares:

8.       Account Number at DTC Participant            __________________________
         being credited with the Shares:

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