Document:

Exhibit 4.16

 

 

CO-LENDER
AGREEMENT

 

Dated
as of August 23, 2017

by and between

 

STARWOOD
MORTGAGE CAPITAL LLC

(Initial Note A-1 Holder)

 

and

 

STARWOOD
MORTGAGE CAPITAL LLC

(Initial Note A-2 Holder)

 

Visions
Hotel Portfolio

 

    

     

    

 

TABLE
OF CONTENTS

 

	 	 	 	Page
	 	 	 	 
	Section 1	Definitions	 	1
	Section 2	Servicing
    of the Mortgage Loan	 	16
	Section 3	Priority of Payments	 	23
	Section 4	Workout	 	24
	Section 5	Administration of the Mortgage Loan	 	24
	Section 6	Appointment of Controlling Note Holder Representative and Non-Controlling Note Holder Representative	 	29
	Section 7	Appointment of Special Servicer	 	32
	Section 8	Payment Procedure	 	33
	Section 9	Limitation on Liability of the Note Holders	 	34
	Section 10	Bankruptcy	 	34
	Section 11	Representations of the Note Holders	 	35
	Section 12	No Creation of a Partnership or Exclusive Purchase Right	 	35
	Section 13	Other Business Activities of the Note Holders	 	35
	Section 14	Sale of the Notes	 	36
	Section 15	Registration of the Notes and Each Note Holder	 	38
	Section 16	Governing Law; Waiver of Jury Trial	 	39
	Section 17	Submission To Jurisdiction; Waivers	 	39
	Section 18	Modifications	 	40
	Section 19	Successors and Assigns; Third Party Beneficiaries	 	40
	Section 20	Counterparts	 	40
	Section 21	Captions	 	41
	Section 22	Severability	 	41
	Section 23	Entire Agreement	 	41
	Section 24	Withholding Taxes	 	41
	Section 25	Custody of Mortgage Loan Documents	 	42
	Section 26	Cooperation in Securitization	 	42
	Section 27	Notices	 	43
	Section 28	Broker	 	44
	Section 29	Certain Matters Affecting the Agent	 	44
	Section 30	Termination and Resignation of Agent	 	44
	Section 31	Resizing	 	45

 

    i

     

    

  

THIS
CO-LENDER AGREEMENT (this “Agreement”), dated as of August 23, 2017 by and between STARWOOD MORTGAGE CAPITAL
LLC, a Delaware limited liability company (“Starwood” and together with its successors and assigns in interest,
in its capacity as initial owner of the Note A-1, the “Initial Note A-1 Holder”, and in its capacity as
the initial agent, the “Initial Agent”) and STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company
(together with its successors and assigns in interest, in its capacity as initial owner of the Note A-2, the “Initial
Note A-2 Holder” and, together with the Initial Note A-1 Holder, the “Initial Note Holders”).

 

W
I T N E S S E T H:

 

WHEREAS,
pursuant to the Mortgage Loan Agreement (as defined herein), Starwood Mortgage Capital LLC (“Original Lender”)
originated a certain loan described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”)
(the “Mortgage Loan”) to the mortgage loan borrower described on the Mortgage Loan Schedule (the “Mortgage
Loan Borrower”), which was evidenced, inter alia, by two promissory notes (as amended, modified or supplemented,
the “Notes”) (i) one promissory note in the original principal amount of $34,400,000 (“Note A-1”)
made by the Mortgage Loan Borrower in favor of the Original Lender (“Initial Note A-1”) and (ii) one promissory
note in the original principal amount of $19,950,000 (“Note A-2”), made by the Mortgage Loan Borrower in favor
of the Original Lender (“Initial Note A-2”); and secured by ten amended, restated and consolidated mortgages
(as amended, modified or supplemented, the “Mortgage”) on certain real property located as described in the
Mortgage Loan Agreement (collectively, the “Mortgaged Property”);

 

WHEREAS,
the Initial Note A-1 Holder and the Initial Note A-2 Holder desire to enter into this Agreement to memorialize the terms under
which they, and their successors and assigns, shall hold Note A-1 and Note A-2, respectively;

 

NOW,
THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto mutually agree as follows:

 

Section
1.           Definitions. References to a “Section” or the “recitals” are,
unless otherwise specified, to a Section or the recitals of this Agreement. Capitalized terms not otherwise defined herein shall
have the meaning ascribed thereto in the Lead Securitization Servicing Agreement. Whenever used in this Agreement, the following
terms shall have the respective meanings set forth below unless the context clearly requires otherwise.

 

“Affiliate”
shall have the meaning set forth in the Lead Securitization Servicing Agreement.

 

“Agent”
shall mean the Initial Agent or such Person to whom the Initial Agent shall delegate its duties hereunder, and, from and after
the Securitization Date, shall mean the Certificate Administrator, if any, and if there is no Certificate Administrator, shall
mean the Trustee. 

 

    

     

    

 

“Agent
Office” shall mean the designated office of the Agent in the State of New York, which office at the date of this Agreement
is located at 1601 Washington Avenue, Suite 800, Miami Beach, Florida 33139, Attention: Leslie Fairbanks, and which is the address
to which notices to and correspondence with the Agent should be directed. The Agent may change the address of its designated office
by notice to the Noteholders

 

“Agreement”
shall mean this Agreement between Note Holders, the exhibits and schedule hereto and all amendments hereof and supplements hereto.

 

“Approved
Servicer” shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

 

“Asset
Representations Reviewer” shall mean the asset representations reviewer appointed as provided in the Lead Securitization
Servicing Agreement.

 

“Bankruptcy
Code” shall mean the United States Bankruptcy Code, as amended from time to time, any successor statute or rule promulgated
thereto.

 

“CDO”
shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

 

“CDO
Asset Manager” with respect to any Securitization Vehicle which is a CDO, shall mean the entity which is responsible
for managing or administering a Note as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any
Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the
holder of such Note).

 

“Certificate
Account” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

 

“Certificate
Administrator” shall mean the certificate administrator appointed as provided in the Lead Securitization Servicing Agreement.

 

“Code”
shall mean the Internal Revenue Code of 1986, as amended.

 

“Conduit”
shall have the meaning assigned to such term in Section 14(e).

 

“Conduit
Credit Enhancer” shall have the meaning assigned to such term in Section 14(e).

 

“Conduit
Inventory Loan” shall have the meaning assigned to such term in Section 14(e).

 

“Control”
shall mean the ownership, directly or indirectly, in the aggregate of more than fifty percent (50%) of the beneficial ownership
interests of an entity and the possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of an entity, whether through the ability to exercise voting power, by contract or otherwise (“Controlled”
and “Controls” have meanings correlative thereto.)

 

    2

     

    

 

“Controlling
Class Representative” shall have the meaning assigned to the term “Directing Certificateholder” in the Lead
Securitization Servicing Agreement.

 

“Controlling
Note Holder” shall mean the Note A-1 Holder; provided that at any time Note A-1 is included in the Lead Securitization,
references to the “Controlling Note Holder” herein shall mean the holders of the majority of the class of securities
issued in the Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned
the rights to exercise the rights of the “Controlling Note Holder” hereunder, as and to the extent provided in the
Lead Securitization Servicing Agreement; provided that if at any time 50% or more of Note A-1 (or class of securities issued
in the Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned the rights
to exercise the rights of the “Controlling Note Holder”) is held by the Mortgage Loan Borrower or an Affiliate of
the Mortgage Loan Borrower, Note A-1 (or the class of securities issued in the Lead Securitization designated as the “controlling
class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Note Holder”)
shall not be entitled to exercise any rights of the Controlling Note Holder and the Note A-2 Holder shall be the Controlling Note
Holder unless 50% or more of Note A-2 (or the class of securities issued in the Non-Lead Securitization designated as the “controlling
class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Note Holder”)
is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower. If 50% or more of each of Note A-1 and Note
A-2 (or class of securities issued in the Lead Securitization and Non-Lead Securitization designated as the “controlling
class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Note Holder”)
is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, no person shall be entitled to exercise the
rights of the Controlling Note Holder.

 

“Controlling
Note Holder Representative” shall have the meaning assigned to such term in Section 6(a).

 

“DBRS”
shall mean DBRS, Inc., and its successors in interest.

 

“Depositor”
shall mean the “depositor” under the Lead Securitization Servicing Agreement.

 

“Event
of Default” shall mean, with respect to the Mortgage Loan, an “Event of Default” as defined in the Mortgage
Loan Agreement.

 

“Fitch”
shall mean Fitch, Inc., and its successors in interest.

 

“Initial
Agent” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial
Note A-1 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial
Note A-2 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

    3

     

    

 

“Initial
Note Holders” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Insolvency
Proceeding” shall mean any proceeding under Title 11 of the United States Code (11 U.S.C. Sec. 101 et seq.) or
any other insolvency, liquidation, reorganization or other similar proceeding concerning the Mortgage Loan Borrower, any action
for the dissolution of the Mortgage Loan Borrower, any proceeding (judicial or otherwise) concerning the application of the assets
of the Mortgage Loan Borrower for the benefit of its creditors, the appointment of or any proceeding seeking the appointment of
a trustee, receiver or other similar custodian for all or any substantial part of the assets of the Mortgage Loan Borrower or
any other action concerning the adjustment of the debts of the Mortgage Loan Borrower, the cessation of business by the Mortgage
Loan Borrower, except following a sale, transfer or other disposition of all or substantially all of the assets of the Mortgage
Loan Borrower in a transaction permitted under the Mortgage Loan Documents; provided, however, that following any
such permitted transaction affecting the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes of this Agreement
shall be defined to mean the successor owner of the Mortgaged Property from time to time as may be permitted pursuant to the Mortgage
Loan Documents; provided, further, however, that for the purposes of this definition, in the event that more
than one entity comprises the Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall refer to any such entity.

 

“Interest
Rate” shall mean the Interest Rate (as defined in the Mortgage Loan Documents).

 

“Intervening
Trust Vehicle” with respect to any Securitization Vehicle that is a CDO, shall mean a trust vehicle or entity which
holds any Note as collateral securing (in whole or in part) any obligation or security held by such Securitization Vehicle as
collateral for the CDO.

 

“KBRA”
shall mean Kroll Bond Rating Agency, Inc. and its successors in interest.

 

“Lead
Securitization” shall mean the Note A-1 Securitization.

 

“Lead
Securitization Note” shall mean Note A-1.

 

“Lead
Securitization Note Holder” shall mean the holder of the Lead Securitization Note.

 

“Lead
Securitization Servicing Agreement” shall mean the pooling and servicing agreement to be entered into in connection
with the Securitization of Note A-1. The Servicing Standard in the Lead Securitization Servicing Agreement shall require, among
other things, that each Servicer, in servicing the Mortgage Loan, must take into account the interests of each Note Holder.

 

“Lead
Securitization Subordinate Class Representative” shall mean the “Controlling Class Representative” as defined
in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

 

    4

     

    

 

“Lead
Securitization Trust” shall mean the Securitization Trust created in connection with the Lead Securitization.

 

“Loan
Combination Custodial Account” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

 

“Major
Decisions” shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing
Agreement; provided that at any time that no Note is included in the Lead Securitization “Major Decision” shall
mean:

 

(i)         any
proposed or actual foreclosure upon or comparable conversion (which shall include acquisitions of any REO Property) of the ownership
of the property or properties securing the Mortgage Loan if it comes into and continues in default;

 

(ii)        any
modification, consent to a modification or waiver of any monetary term (other than late fees and default interest) or material
non-monetary term (including, without limitation, the timing of payments and acceptance of discounted payoffs) of the Mortgage
Loan or any extension of the maturity date of the Mortgage Loan;

 

(iii)       following
a default or an event of default with respect to the Mortgage Loan, any exercise of remedies, including the acceleration of the
Mortgage Loan or initiation of any proceedings, judicial or otherwise, under the related Mortgage Loan Documents;

 

(iv)       any
sale of the Mortgage Loan (when it is a Defaulted Mortgage Loan) or REO Property for less than the applicable Purchase Price (as
defined in the Lead Securitization Servicing Agreement);

 

(v)        any
determination to bring a Mortgaged Property or an REO Property into compliance with applicable environmental laws or to otherwise
address any Hazardous Materials (as defined in the Lead Securitization Servicing Agreement) located at a Mortgaged Property or
an REO Property;

 

(vi)       any
release of material collateral or any acceptance of substitute or additional collateral for the Mortgage Loan or any consent to
either of the foregoing, other than if required pursuant to the specific terms of the related Mortgage Loan Documents and for
which there is no lender discretion;

 

(vii)      any
waiver of a “due-on-sale” or “due-on-encumbrance” clause with respect to the Mortgage Loan or any consent
to such a waiver or consent to a transfer of a Mortgaged Property or interests in the borrower;

 

(viii)     any
incurrence of additional debt by a borrower or any mezzanine financing by any beneficial owner of a borrower (to the extent that
the lender has consent rights pursuant to the related Mortgage Loan Documents);

 

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(ix)        any
material modification, waiver or amendment of an intercreditor agreement, co-lender agreement or similar agreement with any mezzanine
lender or subordinate debt holder related to the Mortgage Loan, or any action to enforce rights (or decision not to enforce rights)
with respect thereto, or any material modification, waiver or amendment thereof;

 

(x)         any
property management company changes, including, without limitation, approval of the termination of a manager and appointment of
a new property manager or franchise changes (in each case, if the lender is required to consent or approve such changes under
the Mortgage Loan Documents);

 

(xi)        releases
of any material amounts from any escrow accounts, reserve funds or letters of credit, in each case, held as performance escrows
or reserves, other than those required pursuant to the specific terms of the related Mortgage Loan Documents and for which there
is no lender discretion;

 

(xii)       any
acceptance of an assumption agreement releasing a borrower, guarantor or other obligor from liability under the Mortgage Loan
other than pursuant to the specific terms of such Mortgage Loan and for which there is no lender discretion;

 

(xiii)      any
determination of an Acceptable Insurance Default (as defined in the Lead Securitization Servicing Agreement);

 

(xiv)      any
determination by the Master Servicer to transfer the Mortgage Loan to the Special Servicer under the circumstances described in
paragraph (c) of the definition of “Specially Serviced Mortgage Loan” (as defined in the Lead Securitization Servicing
Agreement); or

 

(xv)       any
approval of a Major Lease (as defined in the Mortgage Loan Documents) to the extent lender’s approval is required by the
Mortgage Loan Documents;.

 

“Master
Servicer” shall mean the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

 

“Monthly
Payment Date” shall mean the Monthly Payment Date (as defined in the Mortgage Loan Documents).

 

“Moody’s”
shall mean Moody’s Investors Service, Inc., and its successors in interest.

 

“Morningstar”
shall mean Morningstar Credit Ratings, LLC, and its successors in interest.

 

“Mortgage”
shall have the meaning assigned to such term in the recitals.

 

“Mortgage
Loan” shall have the meaning assigned to such term in the recitals.

 

    6

     

    

 

“Mortgage
Loan Agreement” shall mean the Loan Agreement, dated as of August 23, 2017, between the entities set forth on Annex
A, attached hereto, collectively, as Borrower, and STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Lender,
as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

 

“Mortgage
Loan Borrower” shall have the meaning assigned to such term in the recitals.

 

“Mortgage
Loan Borrower Related Party” shall have the meaning assigned to such term in Section 13.

 

“Mortgage
Loan Documents” shall mean, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes
and all other documents now or hereafter evidencing and securing the Mortgage Loan.

 

“Mortgage
Loan Schedule” shall have the meaning assigned to such term in the recitals.

 

“Mortgaged
Property” shall have the meaning assigned to such term in the recitals.

 

“Nonrecoverable
Servicing Advance” shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

 

“Non-Controlling
Note” shall mean Note A-2.

 

“Non-Controlling
Note Holder” means the Note A-2 Holder; provided that at any time Note A-2 is included in a Securitization, references
to the “Non-Controlling Note Holder” herein shall mean the Non-Lead Securitization Subordinate Class Representative
or any other party assigned the rights to exercise the rights of the “Non-Controlling Note Holder” hereunder, as and
to the extent provided in the related Non-Lead Securitization Servicing Agreement and as to the identity of which the Lead Securitization
Note Holder (and the Master Servicer and the Special Servicer) has been given written notice; provided that if at any time 50%
or more of Note A-1 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, Note A-1 shall not be
entitled to exercise any rights of the Controlling Note Holder and the Note A-2 Holder shall be the Controlling Note Holder unless
50% or more of Note A-2 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower. If 50% or more of
each of Note A-1 and Note A-2 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, no person shall
be entitled to exercise the rights of the Controlling Note Holder. The Lead Securitization Note Holder (or the Master Servicer
or the
Special Servicer acting on its behalf) shall not be required at any time to deal with more than one party exercising the rights
of the “Non-Controlling Note Holder” herein or under the Lead Securitization Servicing Agreement and, (x) to the extent
that the related Non-Lead Securitization Servicing Agreement assigns such rights to more than one party or (y) to the extent Note
A-2 is split into two or more New Notes pursuant to Section 31, for purposes of this Agreement, the Non-Lead Securitization Servicing
Agreement or the holders of such New Notes shall designate one party to deal with Lead Securitization Note Holder (or the Master
Servicer or 

 

    7

     

    

 

the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Securitization
Note Holder (and the Master Servicer and the Special Servicer acting on its behalf); provided that, in the absence of such
designation and notice, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf)
shall be entitled to treat the last party as to which it has received written notice as having been designated as the Non-Controlling
Note Holder, as the Non-Controlling Note Holder for all purposes of this Agreement. As of the date hereof and until further notice
from the Non-Lead Securitization Note Holder (or the Non-Lead Master Servicer or another party acting on its behalf), the Initial
Note A-2 Holder is the Non-Controlling Note Holder.

 

Prior
to Securitization of the Non-Lead Securitization Note (including any New Notes), all notices, reports, information or other deliverables
required to be delivered to the Non-Lead Securitization Note Holder or the Non-Controlling Note Holder pursuant to this Agreement
or the Lead Securitization Servicing Agreement by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer
acting on its behalf) only need to be delivered to the Non-Controlling Note Holder Representative (to the extent that the identity
of the Non-Controlling Note Holder Representative is known) and, when so delivered to the Non-Controlling Note Holder Representative,
the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have
satisfied its delivery obligations with respect to such items hereunder or under the Lead Securitization Servicing Agreement.
Following Securitization of the Non-Lead Securitization Note, all notices, reports, information or other deliverables required
to be delivered to the Non-Lead Securitization Note Holder or the Non-Controlling Note Holder pursuant to this Agreement or the
Lead Securitization Servicing Agreement by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer
acting on its behalf) shall be delivered to the Non-Lead Master Servicer (who then may forward such items to the party entitled
to receive such items as and to the extent provided in the Non-Lead Securitization Servicing Agreement) and, when so delivered
to the Non-Lead Master Servicer, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on
its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Lead
Securitization Servicing Agreement.

 

“Non-Controlling
Note Holder Representative” shall have the meaning assigned to such term in Section 6(c).

 

“Non-Exempt
Person” shall mean any Person other than a Person who is either (i) a U.S. Person or (ii) has on file with the Agent
for the relevant year such duly-executed form(s) or statement(s) which may, from time to time, be prescribed by law and which,
pursuant to applicable provisions of (A) any income tax treaty between the United States and the country of residence of such
Person, (B) the Code or (C) any applicable rules or regulations in effect under clauses (A) or (B) above, permit the Servicer
on behalf of the Note Holders to make such payments free of any obligation or liability for withholding.

 

“Non-Lead
Asset Representations Reviewer” shall mean the “asset representations review” under the Non-Lead Securitization
Servicing Agreement.

 

    8

     

    

 

“Non-Lead
Depositor” shall mean the “depositor” under the Non-Lead Securitization Servicing Agreement.

 

“Non-Lead
Master Servicer” shall have the meaning assigned to such term in Section 2(b).

 

“Non-Lead
Operating Advisor” shall mean the “trust advisor”, “operating advisor” or other analogous term
under the Non-Lead Securitization Servicing Agreement.

 

“Non-Lead
Securitization Note” shall mean Note A-2.

 

“Non-Lead
Securitization Note Holder” shall mean the holder of a Non-Lead Securitization Note.

 

“Non-Lead
Securitization Servicing Agreement” shall have the meaning assigned to such term in Section 2(b).

 

“Non-Lead
Securitization Subordinate Class Representative” shall mean the holders of the majority of the class of securities issued
in the Securitization of the Non-Lead Securitization Note designated as the “controlling class” pursuant to the Non-Lead
Securitization Servicing Agreement or their duly appointed representative; provided that if 50% or more of the class of securities
issued in the Non-Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned
the rights to exercise the rights of the “Controlling Note Holder”) is held by the Mortgage Loan Borrower or an Affiliate
of the Mortgage Loan Borrower, no person shall be entitled to exercise the rights of the Non-Lead Securitization Subordinate Class
Representative.

 

“Non-Lead
Securitization Trust” shall mean the Securitization Trust into which the Non-Lead Securitization Note is deposited.

 

“Non-Lead
Special Servicer” shall have the meaning assigned to such term in Section 2(b).

 

“Non-Lead
Trustee” shall have the meaning assigned to such term in Section 2(b).

 

“Note
A-1” shall have the meaning assigned to such term in the recitals.

 

“Note
A-1 Holder” shall mean the Initial Note A-1 Holder or any subsequent holder of Note A-1, as applicable.

 

“Note
A-1 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A-1 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1
Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

 

“Note
A-2” shall have the meaning assigned to such term in the recitals.

 

    9

     

    

 

“Note
A-2 Holder” shall mean the Initial Note A-2 Holder or any subsequent holder of Note A-2, as applicable.

 

“Note
A-2 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A-2 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-2
Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

 

“Note
A-2 Securitization Date” shall mean the effective date on which the Securitization of Note A-2 is consummated.

 

“Note
Holders” shall mean collectively, the Note A-1 Holder and the Note A-2 Holder.

 

“Note
Pledgee” shall have the meaning assigned to such term in Section 14(d).

 

“Note
Register” shall have the meaning assigned to such term in Section 15.

 

“Notes”
shall mean, collectively, Note A-1 and Note A-2.

 

“Operating
Advisor” shall mean the “trust advisor”, “operating advisor” or other analogous term under the
Lead Securitization Servicing Agreement.

 

“P&I
Advance” shall mean an advance made by (a) a party to the Lead Securitization Servicing Agreement in respect of a delinquent
monthly debt service payment on the Lead Securitization Note or (b) a party to the Non-Lead Securitization Servicing Agreement
in respect of a delinquent monthly debt service payment on the Non-Lead Securitization Note.

 

“Percentage
Interest” shall mean, (a) with respect to the Note A-1 Holder, a fraction, expressed as a percentage, the numerator
of which is the Note A-1 Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance and the Note
A-2 Principal Balance, and (b) with respect to the Note A-2 Holder, a fraction, expressed as a percentage, the numerator of which
is the Note A-2 Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance and the Note A-2 Principal
Balance.

 

“Permitted
Fund Manager” shall mean any Person that on the date of determination is (i) one of the entities on Exhibit C attached
hereto and made a part hereof or any other nationally-recognized manager of investment funds investing in debt or equity interests
relating to commercial real estate, (ii) investing through a fund with committed capital of at least $250,000,000 and (iii) not
subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

 

“Pledge”
shall have the meaning assigned to such term in Section 14(d).

 

“Pro
Rata and Pari Passu Basis” shall mean with respect to the Notes and the Note Holders, the allocation of any particular
payment, collection, cost, expense, liability or other amount between such Notes or such Note Holders, as the case may be, without
any priority of any such Note or any such Note Holder over another such Note or Note Holder, as the case may

 

    10

     

    

 

be,
and in any event such that each Note or Note Holder, as the case may be, is allocated its respective Percentage Interest of such
particular payment, collection, cost, expense, liability or other amount.

 

“Qualified
Institutional Lender” shall mean each of the Initial Note Holders and any other U.S. Person that is:

 

(a)          an
entity Controlled (as defined herein) by, under common Control with or that Controls either of the Initial Note Holders, or

 

(b)          the
trustee on behalf of the trust certificates issued pursuant to a master trust agreement involving a CDO comprised of, or other
securitization vehicle involving, assets deposited or transferred by a Note Holder and/or one or more Affiliates (whether with
assets from others or not), provided that the securities issued in connection with such CDO or other securitization vehicle
are rated by each of the Rating Agencies that assigned a rating to one or more classes of securities issued in connection with
the Lead Securitization, or

 

(c)          one
or more of the following:

 

(i)         an
insurance company, bank, savings and loan association, investment bank, trust company, commercial credit corporation, pension
plan, pension fund, pension fund advisory firm, mutual fund, real estate investment trust, governmental entity or plan, or

 

(ii)        an
investment company, money management firm or a “qualified institutional buyer” within the meaning of Rule 144A under
the Securities Act of 1933, as amended, or an “accredited investor” within the meaning of Rule 501(a) (1), (2), (3)
or (7) of Regulation D under the Securities Act of 1933, as amended, or

 

(iii)       a
Qualified Trustee in connection with (a) the Lead Securitization of, (b) the creation of collateralized debt obligations (“CDO”)
secured by, or (c) a financing through an “owner trust” of, a Note or any interest therein (any of the foregoing,
a “Securitization Vehicle”), provided that (1) one or more classes of securities issued by such Securitization
Vehicle is initially rated at least investment grade by each of the Rating Agencies that assigned a rating to one or more classes
of securities issued in connection with a Securitization (it being understood that with respect to any Rating Agency that assigned
such a rating to the securities issued by such Securitization Vehicle, a Rating Agency Confirmation will not be required in connection
with a transfer of such Note or any interest therein to such Securitization Vehicle); (2) in the case of a Securitization Vehicle
that is not a CDO, the special servicer of such Securitization Vehicle (x) has a Required Special Servicer Rating, (y) is LNR
Partners, LLC or (z) is otherwise acceptable to the Rating Agencies rating each Securitization (such entity, an “Approved
Servicer”) and such Approved Servicer is required to service and administer such Note or any interest therein in

 

    11

     

    

 

accordance
with servicing arrangements for the assets held by the Securitization Vehicle which require that such Approved Servicer act in
accordance with a servicing standard notwithstanding any contrary direction or instruction from any other Person; or (3) in the
case of a Securitization Vehicle that is a CDO, the CDO Asset Manager and, if applicable, each Intervening Trust Vehicle that
is not administered and managed by a CDO Asset Manager which is a Qualified Institutional Lender, are each a Qualified Institutional
Lender under clauses (i), (ii), (iv) or (v) of this definition, or

 

(iv)       an
investment fund, limited liability company, limited partnership or general partnership having capital and/or capital commitments
of at least $250,000,000, in which (A) any Initial Note Holder, (B) a person that is otherwise a Qualified Institutional Lender
under clause (i), (ii) or (v) (with respect to an institution substantially similar to the entities referred to in clause (i)
or (ii) above), or (C) a Permitted Fund Manager, acts as a general partner, managing member, or the fund manager responsible for
the day-to-day management and operation of such investment vehicle and provided that at least 50% of the equity interests
in such investment vehicle are owned, directly or indirectly, by one or more entities that are otherwise Qualified Institutional
Lenders (without regard to the capital surplus/equity and total asset requirements set forth below in the definition), or

 

(v)        an
institution substantially similar to any of the foregoing, and

 

in
the case of any entity referred to in clause (c)(i), (ii), (iv)(B) or (v) of this definition, (x) such entity has at least $200,000,000
in capital/statutory surplus or shareholders’ equity (except with respect to a pension advisory firm or similar fiduciary)
and at least $600,000,000 in total assets (in name or under management), and (y) is regularly engaged in the business of making
or owning commercial real estate loans (or interests therein) similar to the Mortgage Loan (or mezzanine loans with respect thereto)
or owning or operating commercial real estate properties; provided that, in the case of the entity described in clause
(iv)(B) above, the requirements of this clause (y) may be satisfied by a general partner, managing member, or the fund manager
responsible for the day-to-day management and operation of such entity; or

 

(d)          any
entity Controlled by any of the entities described in clause (c)(i), (ii) and (iv)(B) above or approved by the Rating Agencies
hereunder as a Qualified Institutional Lender for purposes of this Agreement, or as to which the Rating Agencies have stated they
would not review such entity in connection with the subject transfer.

 

“Qualified
Trustee” means (i) a corporation, national bank, national banking association or a trust company, organized and doing
business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers
and to accept the trust conferred, having a combined capital and surplus of at least $50,000,000 and subject to supervision or
examination by federal or state authority, (ii) an institution insured by the Federal Deposit Insurance Corporation or (iii) an
institution whose long-term senior unsecured debt is rated either of the then in effect top two rating categories of each of the
applicable Rating Agencies.

 

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“Rating
Agencies” shall mean DBRS, Fitch, KBRA, Moody’s, Morningstar and S&P and their respective successors in interest
or, if any of such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally
recognized statistical rating agency reasonably designated by any Note Holder to rate the securities issued in connection with
the Securitization of the related Note; provided, however, that, at any time during which the Mortgage Loan is an
asset of one or more Securitizations, “Rating Agencies” or “Rating Agency” shall mean only
those rating agencies that are engaged from time to time to rate the securities issued in connection with the Securitizations
of the Notes.

 

“Rating
Agency Confirmation” shall mean prior to a Securitization with respect to any matter, confirmation in writing (which
may be in electronic form) by each applicable Rating Agency that a proposed action, failure to act or other event so specified
will not, in and of itself, result in the downgrade, withdrawal or qualification of the then-current rating assigned to any class
of certificates (if then rated by the Rating Agency); provided that a written waiver or other acknowledgment from the Rating Agency
indicating its decision not to review the matter for which the Rating Agency Confirmation is sought shall be deemed to satisfy
the requirement for the Rating Agency Confirmation from each Rating Agency with respect to such matter and after a Securitization,
the meaning given thereto or any analogous term in the Lead Securitization Servicing Agreement or Non-Lead Securitization Servicing
Agreement, as applicable, including any deemed Rating Agency Confirmation.

 

“Redirection
Notice” shall have the meaning assigned to such term in Section 14(c).

 

“Regulation
AB” shall mean Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-220.1125,
as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Securities
and Exchange Commission or by the staff of the Securities and Exchange Commission, or as may be provided by the Securities and
Exchange Commission or its staff from time to time.

 

“REMIC”
shall have the meaning assigned to such term in Section 5(e).

 

“Required
Special Servicer Rating” (1) at any time that the Lead Securitization Note is included in the Lead Securitization, shall
have the meaning assigned to such term or any analogous term in the Lead Securitization Servicing Agreement, and (2) at any other
time, shall mean with respect to a special servicer (i) in the case of Fitch, a rating of “CSS3”, (ii) in the case
of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special Servicer, (iii)
in the case of Moody’s, such special servicer is acting as special servicer for one or more loans included in a commercial
mortgage loan securitization that was rated by Moody’s within the twelve (12) month period prior to the date of determination,
and Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed
any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such
commercial mortgage loans as the sole or material factor, (iv) in the case of Morningstar, either (a) the applicable replacement
has a special servicer ranking of at least “MOR CS3” by Morningstar (if ranked by Morningstar) or (b) if not ranked
by Morningstar, is currently acting as a master servicer or special servicer, as applicable, on a deal or transaction-level basis
for all or a significant portion of the related mortgage loans in

 

    13

     

    

 

other
CMBS transactions rated by any of S&P, Moody’s, Fitch, DBRS or KBRA and the trustee does not have actual knowledge that
Morningstar has, and the replacement special servicer certifies that Morningstar has not, with respect to any such other CMBS
transaction, qualified, downgraded or withdrawn its rating or ratings on one or more classes of such CMBS transaction citing servicing
concerns of the applicable replacement as the sole or material factor in such rating action, (v) in the case of KBRA, KBRA has
not cited servicing concerns of such special servicer as the sole or material factor in any qualification, downgrade or withdrawal
of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal) of securities
in a transaction serviced by such special servicer prior to the time of determination, and (vi) in the case of DBRS, such special
servicer is acting as special servicer in a commercial mortgage loan securitization that was rated by DBRS within the twelve (12)
month period prior to the date of determination and DBRS has not downgraded or withdrawn the then-current rating on any class
of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such
special servicer as special servicer of such commercial mortgage securities as a material reason for such downgrade or withdrawal.

 

“S&P”
shall mean S&P Global Ratings, and its successors in interest.

 

“Scheduled
Interest Payment” shall mean the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.

 

“Scheduled
Principal Payment” shall mean the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

 

“Securitization”
shall mean one or more sales by a Note Holder of all or a portion of such Note to a depositor, who will in turn include such portion
of such Note as part of a securitization of one or more mortgage loans.

 

“Securitization
Date” shall mean, with respect to a Securitization, the effective date on which such Securitization is consummated.

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which Note A-1 or Note A-2 is held.

 

“Securitization
Vehicle” shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

 

“Servicer”
shall mean the Master Servicer or the Special Servicer, as the context may require.

 

“Servicer
Termination Event” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at
any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous
concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this
Agreement.

 

“Servicing
Advance” shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

 

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“Special
Servicer” shall mean the special servicer appointed as provided in the Lead Securitization Servicing Agreement and this
Agreement.

 

“Starwood”
shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Taxes”
shall mean any income or other taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature, now or hereafter
imposed by any jurisdiction or by any department, agency, state or other political subdivision thereof or therein.

 

“Transfer”
shall have the meaning assigned to such term in Section 14.

 

“Trustee”
shall mean the trustee appointed as provided in the Lead Securitization Servicing Agreement.

 

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

 

Section
2.           Servicing of the Mortgage Loan.

 

(a)          Each
Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced from and
after the Securitization Date pursuant to the Lead Securitization Servicing Agreement; provided that the Master Servicer
shall not be obligated to advance monthly payments of principal or interest in respect of any Note other than the Lead Securitization
Note if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated to advance delinquent real
estate taxes, insurance premiums and other expenses related to the maintenance of the Mortgaged Property and maintenance and enforcement
of the lien of the Mortgage thereon, subject to the terms of the Lead Securitization Servicing Agreement including any provisions
governing the determination of non-recoverability. Each Note Holder acknowledges that the other Note Holder may elect, in its
sole discretion, to include its Note in a Securitization and agrees that it will, subject to Section 26, reasonably cooperate
with such other Note Holder, at such other Note Holder’s expense, to effect such Securitization. Subject to the terms and
conditions of this Agreement, each Note Holder hereby irrevocably and unconditionally consents to the appointment of the Master
Servicer, Operating Advisor, Certificate Administrator, the Asset Representations Reviewer and the Trustee under the Lead Securitization
Servicing Agreement by the Depositor and the appointment of the initial Special Servicer by the Controlling Note Holder as may
be replaced pursuant to the terms of the Lead Securitization Servicing Agreement and agrees to reasonably cooperate with the Master
Servicer and the Special Servicer with respect to the servicing of the Mortgage Loan in accordance with the Lead

 

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Securitization
Servicing Agreement. Each Note Holder hereby irrevocably appoints the Master Servicer, the Special Servicer and the Trustee in
the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents reasonably required with respect to
the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization Servicing Agreement (subject
at all times to the rights of the Note Holder set forth herein and in the Lead Securitization Servicing Agreement). In no event
shall the Lead Securitization Servicing Agreement require the Servicer to enforce the rights of any Note Holder against the other
Note Holder or limit the Servicer in enforcing the rights of one Note Holder against the other Note Holder; however, this statement
shall not be construed to otherwise limit the rights of one Note Holder with respect to the other Note Holder. Each Servicer shall
be required pursuant to the Lead Securitization Servicing Agreement to service the Mortgage Loan in accordance with the Servicing
Standard, the terms of the Mortgage Loan Documents, the Lead Securitization Servicing Agreement and applicable law, each Servicer
shall provide information to each Non-Lead Servicer under the Non-Lead Securitization Servicing Agreement to enable each such
Non-Lead Servicer to perform its servicing duties under the Non-Lead Securitization Servicing Agreement and each Servicer shall
not take any action or refrain from taking any action or follow any direction inconsistent with the foregoing.

 

At
any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the Note
Holders agree to cause the Mortgage Loan to be serviced by one or more servicers, each of which has been agreed upon by the Note
Holders, pursuant to a servicing agreement that has servicing terms substantially similar to the Lead Securitization Servicing
Agreement and all references herein to the “Lead Securitization Servicing Agreement” shall mean such subsequent servicing
agreement; provided, however, that if the Non-Lead Securitization Note is in a Securitization, then a Rating Agency
Confirmation shall have been obtained from each Rating Agency; provided, further, however, that until a replacement
servicing agreement has been entered into, the Lead Securitization Note Holder shall cause the Mortgage Loan to be serviced pursuant
to the provisions of the Lead Securitization Servicing Agreement as if such agreement was still in full force and effect with
respect to the Mortgage Loan, by the Servicer in the Lead Securitization or by any Person appointed by the Lead Securitization
Note Holder that is a qualified servicer meeting the requirements of the Lead Securitization Servicing Agreement and meeting the
Required Special Servicer Rating (to the extent such servicer is performing special servicing functions).

 

(b)          The
Master Servicer shall be the master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to the extent provided
in the Lead Securitization Servicing Agreement) (i) shall be required to (and the Special Servicer may, under certain circumstances
as provided in the Servicing Agreement) make Servicing Advances with respect to the Mortgage Loan, subject to the terms of the
Lead Securitization Servicing Agreement and this Agreement, and (ii) may be required to make P&I Advances on the Lead Securitization
Note, if and to the extent provided in the Lead Securitization Servicing Agreement and this Agreement. The Master Servicer, the
Special Servicer and the Trustee, as applicable, will be entitled to reimbursement for a Servicing Advance, first from
funds on deposit in the Certificate Account or Loan Combination Custodial Account for the Mortgage Loan that (in any case) represent
amounts received on or in respect of the Mortgage Loan, and then, in the case of Nonrecoverable Servicing Advances, if
such funds on deposit in the Certificate Account or Loan Combination Custodial Account are insufficient, from general collections
of the Lead

 

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Securitization
as provided in the Lead Securitization Servicing Agreement and from general collections of the Non-Lead Securitization as provided
below. The Master Servicer, the Special Servicer and the Trustee, as applicable, will be entitled to reimbursement for Advance
Interest Amounts on a Servicing Advance or a Nonrecoverable Servicing Advance, in the manner and from the sources provided in
the Lead Securitization Servicing Agreement, including from general collections of the Lead Securitization and, in the case of
Servicing Advances or Advance Interest Amount on a Servicing Advance, from general collections of the Non-Lead Securitization
as provided below. To the extent the Master Servicer, the Special Servicer or the Trustee, as applicable, obtains funds from general
collections of the Lead Securitization as a reimbursement for a Nonrecoverable Servicing Advance or any Advance Interest Amounts
on a Servicing Advance or a Nonrecoverable Servicing Advance, the Non-Lead Securitization Note Holder (including from general
collections or any other amounts from any Non-Lead Securitization Trust) shall be required to, promptly following notice from
the Master Servicer, reimburse the Lead Securitization for its pro rata share of such Nonrecoverable Servicing Advance
or Advance Interest Amounts.

 

In
addition, the Non-Lead Securitization Note Holder (including, but not limited to, any Non-Lead Securitization Trust) shall be
required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Lead Securitization
for the Non-Lead Securitization Note Holder’s pro rata share of any fees, costs or expenses incurred in connection
with the servicing and administration of the Mortgage Loan as to which the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Operating Advisor or the Depositor, as applicable, is entitled to be reimbursed pursuant to the
Lead Securitization Servicing Agreement and any costs, fees and expenses related to obtaining any Rating Agency Confirmation,
to the extent amounts on deposit in the Certificate Account or Loan Combination Custodial Account that are allocated to the Non-Lead
Securitization Note are insufficient for reimbursement of such amounts and to the extent that funds from general collections in
the Lead Securitization are applied towards the Lead Securitization Note Holder’s pro rata share of the insufficiency.
The Non-Lead Securitization Holder agrees to indemnify (i) (as and to the same extent the Lead Securitization Trust is required
to indemnify each of the following parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the
terms of Lead Securitization Servicing Agreement) each of the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Operating Advisor, the Asset Representations Reviewer and the Depositor (and any director, officer, employee
or agent of any of the foregoing, to the extent such parties are identified as indemnified parties in the Lead Securitization
Servicing Agreement in respect of other mortgage loans) and (ii) the Lead Securitization Trust (such parties in clause (i) and
the Lead Securitization Trust, collectively, the “Indemnified Parties”) against any claims, losses, penalties,
fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities, fees and expenses incurred in connection
with the servicing and administration of the Mortgage Loan and the Mortgaged Property (or, with respect to the Operating Advisor,
incurred in connection with the provision of services for the Mortgage Loan) under the Lead Securitization Servicing Agreement
(collectively, the “Indemnified Items”) to the extent of its pro rata share of such Indemnified Items,
and to the extent amounts on deposit in the Certificate Account or Loan Combination Custodial Account that are allocated to the
Non-Lead Securitization Note are insufficient for reimbursement of such amounts, the Non-Lead Securitization Note Holder shall
be required to, promptly following notice from the Master Servicer, the Special Servicer or the Trustee, reimburse each of the

 

    17

     

    

 

applicable
Indemnified Parties for its pro rata share of the insufficiency, (including, if the Non-Lead Securitization Note has been
included in a Non-Lead Securitization, from general collections or any other amounts from such Non-Lead Securitization Trust).

 

The
master servicer under the Non-Lead Securitization (the “Non-Lead Master Servicer”) may be required to make
P&I Advances on the Non-Lead Securitization Note, from time to time, subject to the terms of the servicing agreement for the
related Securitization (the “Non-Lead Securitization Servicing Agreement”), the Lead Securitization Servicing
Agreement and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to make
their own recoverability determination with respect to a P&I Advance to be made on the Lead Securitization Note based on the
information that they have on hand and in accordance with the Lead Securitization Servicing Agreement. The Non-Lead Master Servicer
and the special servicer and the trustee under the Non-Lead Securitization Servicing Agreement (respectively, the “Non-Lead
Special Servicer” and the “Non-Lead Trustee”), as applicable, shall be entitled to make their own
recoverability determination with respect to a P&I Advance to be made on the Non-Lead Securitization Note based on the information
that they have on hand and in accordance with the Non-Lead Securitization Servicing Agreement. The Master Servicer and the Trustee,
as applicable, and the Non-Lead Master Servicer or the Non-Lead Trustee shall be required to notify the other of the amount of
its P&I Advance within two business days of making such advance. If the Master Servicer, the Special Servicer or the Trustee,
as applicable (with respect to the Lead Securitization Note) or the Non-Lead Master Servicer, Non-Lead Special Servicer or the
Non-Lead Trustee, as applicable (with respect to the Non-Lead Securitization Note), determines that a proposed P&I Advance,
if made, would be non-recoverable or an outstanding P&I Advance is or would be non-recoverable, or if the Master Servicer,
the Special Servicer or the Trustee, as applicable, subsequently determines that a proposed Servicing Advance would be non-recoverable
or an outstanding Servicing Advance is or would be non-recoverable, then the Master Servicer or the Trustee (as provided in the
Lead Securitization Servicing Agreement, in the case of a determination of non-recoverability by the Master Servicer, the Special
Servicer or the Trustee) or the Non-Lead Master Servicer or the Non-Lead Trustee (as provided in the Non-Lead Securitization Servicing
Agreement, in the case of the a determination of non-recoverability by the Non-Lead Master Servicer, the Non-Lead Special Servicer
or the Non-Lead Trustee) shall notify the Master Servicer and the Trustee, or the Non-Lead Master Servicer and the Non-Lead Trustee,
as the case may be, of the other Securitization within two business days of making such determination. Each of the Master Servicer,
the Trustee, the Non-Lead Master Servicer and the Non-Lead Trustee, as applicable, will only be entitled to reimbursement for
a P&I Advance and advance interest thereon that becomes non-recoverable first from the Certificate Account or Loan
Combination Custodial Account from amounts allocable to the Note for which such P&I Advance was made, and then, if
funds are insufficient, (i) in the case of the Lead Securitization Note, from general collections of the Lead Securitization Trust,
pursuant to the terms of the Lead Securitization Servicing Agreement and (ii) in the case of the Non-Lead Securitization Note,
from general collections of the related Securitization Trust, as and to the extent provided in the Non-Lead Securitization Servicing
Agreement.

 

(c)          The Non-Lead Securitization Note Holder agrees that, if the Non-Lead Securitization Note is included in
a Securitization, it shall cause the applicable Non-Lead Securitization Servicing Agreement to contain provisions to the effect
that:

 

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(i)           the
Non-Lead Securitization Note Holder shall be responsible for its pro rata share of any Servicing Advances (and advance
interest thereon) and any additional trust fund expenses, but only to the extent that they relate to servicing and administration
of the Notes and the Mortgaged Property, including without limitation, any unpaid Special Servicing Fees, Liquidation Fees and
Workout Fees relating to the Notes, and that in the event that the funds received with respect to each respective Note are insufficient
to cover such Servicing Advances or additional trust fund expenses, (A) the Non-Lead Master Servicer will be required to, promptly
following notice from the Master Servicer or the Special Servicer, pay or reimburse the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, or the Lead Securitization Trust, as applicable, out of general funds in the collection
account (or equivalent account) established under the Non-Lead Securitization Servicing Agreement for the Non-Lead Securitization
Note Holder’s pro rata share of any such Nonrecoverable Servicing Advances (together with advance interest thereon)
and/or additional trust fund expenses (including compensation due to the Master Servicer and the Special Servicer to the extent
related to the servicing and administration of the Mortgage Loan and the Mortgaged Property), and (B) if the Lead Securitization
Servicing Agreement permits the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee to reimburse
itself from the Lead Securitization Trust’s general account, then the Master Servicer, the Special Servicer, the Certificate
Administrator or the Trustee, as applicable, may do so, and the Non-Lead Master Servicer will be required to, promptly following
notice from the Master Servicer, the Special Servicer or the Trustee, reimburse the Lead Securitization Trust out of general funds
in the collection account (or equivalent account) established under the Non-Lead Securitization Servicing Agreement for the Non-Lead
Securitization Note Holder’s pro rata share of any such Nonrecoverable Servicing Advances (together with advance
interest thereon) and/or additional trust fund expenses (including compensation due to the Master Servicer and the Special Servicer
to the extent related to the servicing and administration of the Mortgage Loan and the Mortgaged Property);

 

(ii)          each
of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required to indemnify
each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of
Lead Securitization Servicing Agreement and, in the case of the Lead Securitization Trust, to the extent of any additional trust
fund expenses with respect to the Mortgage Loan) by the Non-Lead Securitization Trust, against any of the Indemnified Items to
the extent of its pro rata share of such Indemnified Items, and to the extent amounts on deposit in the Certificate Account
or Loan Combination Custodial Account that are allocated to the Non-Lead Securitization Note are insufficient for reimbursement
of such amounts, the Non-Lead Master Servicer will be required to reimburse each of the applicable Indemnified Parties for the
Non-Lead Securitization Note’s pro rata share of the insufficiency out of general funds in the collection account
(or equivalent account) established under the Non-Lead Securitization Servicing Agreement;

 

(iii)         the
Non-Lead Master Servicer, the Non-Lead Trustee or the certificate administrator under the Non-Lead Securitization Servicing Agreement
will be required to deliver to the Trustee, the Certificate Administrator, the Special Servicer, the Master

 

 

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Servicer,
the Operating Advisor and the Asset Representations Reviewer (i) promptly following Securitization of the Non-Lead Securitization
Note, notice of the deposit of the Non-Lead Securitization Note into a Securitization Trust (which notice shall also provide contact
information for the trustee, the certificate administrator, the Non-Lead Master Servicer, the special servicer and the party designated
to exercise the rights of the “Non-Controlling Note Holder” under this Agreement, including the Controlling Class
Representative under the Non-Lead Securitization Servicing Agreement), accompanied by a certified copy of the executed Non-Lead
Securitization Servicing Agreement and (ii) notice of any subsequent change in the identity of the Non-Lead Master Servicer or
the party designated to exercise the rights of the “Non-Controlling Note Holder” under this Agreement (together with
the relevant contact information);

 

(iv)         any
matter affecting the servicing and administration of the Mortgage Loan that requires delivery of a Rating Agency Confirmation
pursuant to the Lead Securitization Servicing Agreement shall also require delivery of a Rating Agency Confirmation under the
Non-Lead Securitization Servicing Agreement;

 

(v)          the
Master Servicer, the Special Servicer, the Trustee and the Lead Securitization Trust shall be third party beneficiaries of the
foregoing provisions; and

 

(vi)         in
the event of a proposed replacement of the Special Servicer, the Non-Lead Trustee shall use commercially reasonable efforts to
prepare and file on behalf of the Non-Lead Securitization Trust a Form 8-K relating to such replacement that complies with the
Exchange Act on the same day that a Form 8-K relating to such replacement is filed on behalf of the Lead Securitization; provided
that the Non-Lead Depositor and a responsible officer of the Non-Lead Trustee has received notice of such proposed replacement
(including any disclosure or other information required to be included in such Form 8-K as well as the requirement and timing
for filing such Form 8-K) at least 5 Business Days prior to such filing date. The Note A-1 Holder (including, as the context requires,
the Depositor, Master Servicer, Special Servicer, Trustee or controlling class representative (or analogous term) relating to
the related Lead Securitization Trust, on behalf of such Note A-1 Holder) shall be a third party beneficiary of the foregoing
provision.

 

(d)          The
Lead Securitization Note Holder agrees that it shall cause the Lead Securitization Servicing Agreement to contain provisions to
the effect that (and to the extent such provisions are not included in the Lead Securitization Servicing Agreement, they shall
be deemed incorporated therein and made a part thereof):

 

(i)          
compensating interest payments as defined therein with respect to Note A-1 and Note A-2 will be allocated by the Master Servicer
between Note A-1 and Note A-2, pro rata, in accordance with their respective principal amounts. The Master Servicer shall remit
any compensating interest payment in respect of the Non-Lead Securitization Note to the Non-Lead Securitization Note Holder;

 

(ii)         
the Master Servicer shall remit all payments received with respect to the Non-Lead Securitization Note, net of the servicing fees
payable to the Master Servicer

 

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and
Special Servicer with respect to such Non-Lead Securitization Note, and any other applicable fees and reimbursements payable to
the Master Servicer, the Special Servicer and the Trustee, to the Non-Lead Securitization Note Holder on or prior to the earlier
of (A) the Master Servicer Remittance Date or (B) the business day following the “determination date” (or analogous
term) under the Non-Lead Securitization Servicing Agreement related to the Securitization of the Non-Lead Securitization Note,
provided, that, in each case as long as the date on which remittance is required under this clause (ii) is at least one
business day after the scheduled monthly payment date under the Mortgage Loan Agreement, provided, that after the Securitization
of Note A-1, any late collections received by the Master Servicer after the related due date under the Mortgage Loan shall be
remitted by the Master Servicer in accordance with the Lead Securitization Servicing Agreement;

(iii)          with
respect to the Non-Lead Securitization Note if it is held by a Securitization, the Master Servicer agrees to deliver or cause
to be delivered to the Non-Lead Master Servicer all reports required to be delivered by the Master Servicer to the Trustee or
Certificate Administrator under the Lead Securitization Servicing Agreement (which shall include all loan-level reports constituting
the CREFC® Investor Reporting Package (IRP)) pursuant to the terms of the Lead Securitization Servicing Agreement to the extent
related to the Mortgage Loan, the Mortgaged Property, the Non-Lead Securitization Note, the Master Servicer, the Special Servicer,
the Certificate Administrator or the Trustee on or prior to the earlier of (A) the Master Servicer Remittance Date or (B) the
business day following the “determination date” (or analogous term) under the Non-Lead Securitization Servicing Agreement
related to the Securitization of the Non-Lead Securitization Note, in each case so long as the date on which delivery is required
under this clause (iii) is at least one business day after the scheduled monthly payment date under the Mortgage Loan Agreement;

 

(iv)          in
connection with (x) any amendment of the Lead Securitization Servicing Agreement, a party to such Lead Securitization Servicing
Agreement shall provide a copy of the executed amendment to the Non-Lead Depositor and the certificate administrator under the
Non-Lead Securitization Servicing Agreement (which may be by email) in order for the Non-Lead Securitization Note Holder and the
Non-Lead Depositor to timely comply with their obligations under the Exchange Act, and (y) the termination, resignation and/or
replacement of the Master Servicer or the Special Servicer, the related replacement Master Servicer or Special Servicer, as applicable,
shall provide all disclosure about itself that is required to be included in Form 8-K no later than the date of effectiveness
thereof;

 

(v)           the
Non-Lead Securitization Note Holder shall be a third-party beneficiary to the Lead Securitization Servicing Agreement in respect
of the rights afforded it thereunder to the extent such rights affect the Non-Lead Securitization Note or the Non-Lead Securitization
Note Holder;

 

(vi)          the
Lead Securitization Servicing Agreement shall not be amended in any manner that materially and adversely (or words of similar
import) affects the Non-Lead Securitization Note Holder without the consent of such party;

 

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(vii)         Servicer
Termination Events (or such analogous term defined in the Lead Securitization Servicing Agreement) include customary market termination
events with respect to failure to make advances, failure to remit payments to the Non-Lead Securitization Note Holder as required,
failure to deliver (or cause to be delivered) materials or notices required in order for the Non-Lead Securitization Note Holder
and the Non-Lead Depositor to timely comply with their obligations under the Exchange Act, and Rating Agency triggers with respect
to the securities issued pursuant to the Non-Lead Securitization, subject to customary grace periods (provided, in the case of
failures related to the Exchange Act, such grace periods do not materially and adversely affect the Non-Lead Depositor);

 

(viii)        if
the Mortgage Loan becomes the subject of an “asset review” (or such analogous term defined in the Non-Lead Securitization
Servicing Agreement) pursuant to the Non-Lead Securitization Servicing Agreement, the applicable parties to the Lead Securitization
Servicing Agreement shall reasonably cooperate with the Non-Lead Asset Representations Reviewer in connection with such asset
review (or a substantially similar provision), including with respect to providing access to related underlying documents, to
the extent the Non-Lead Asset Representations Reviewer has not obtained such documents from the Note Holder that sold the Non-Lead
Securitization Note into the Non-Lead Securitization and such documents are in the possession of the applicable party to the Lead
Securitization Servicing Agreement;

 

(ix)          each
party to the Lead Securitization Servicing Agreement shall deliver (and shall cause any sub-servicer or any servicing function
participant engaged by such party to deliver (or, in the case of a sub-servicer that the related mortgage loan seller requires
the Master Servicer to engage, a party to the Lead Securitization Servicing Agreement shall use commercially reasonable efforts
to cause each party engaged by a party to the Lead Securitization Servicing Agreement to deliver)) (x) all materials and notices
required in order for the Non-Lead Securitization Note Holder and the Non-Lead Depositor to comply with (1) their obligations
under the Exchange Act (including any required 10-D, 8-K and 10-K reporting) and (2) any applicable comment letter from the Securities
and Exchange Commission or their obligations in connection with a “deficient Exchange Act deliverable” (or such analogous
term defined in the Non-Lead Securitization Servicing Agreement) and (y) with respect to the “Sarbanes-Oxley certification”
(or such analogous term defined in the Non-Lead Securitization Servicing Agreement) concerning the Non-Lead Securitization Trust
to be submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002, the applicable certification
to each Person who signs such “Sarbanes-Oxley certification” concerning the Non-Lead Securitization Trust; and

 

(x)            the
Non-Lead Securitization Trust (or the applicable parties to the Non-Lead Securitization Agreement) shall be entitled to indemnification
pursuant to industry standard indemnification provisions customary for securitizations similar to the Non-Lead Securitization
for the failure of the applicable parties to the Lead Securitization Agreement to timely deliver (or cause to be timely delivered)
the materials or information required pursuant to clause (ix) above.

 

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(e)          The
Note A-2 Holder shall give each of the parties to the Lead Securitization Servicing Agreement (that will not also be a party to
the Non-Lead Securitization Servicing Agreement) notice of the A-2 Securitization in writing (which may be by e-mail) not less
than five (5) Business Days’ prior to the Note A-2 Securitization Date. Such notice shall contain contact information for
each of the parties to the Non-Lead Securitization Servicing Agreement. In addition, after the Note A-2 Securitization Date, the
Note A-2 Holder shall send a copy of the Non-Lead Securitization Servicing Agreement to each of the parties to the Lead Securitization
Servicing Agreement.

 

(f)          Notwithstanding
anything to the contrary contained in this Agreement, any obligation of the Servicer pursuant to the terms hereof shall be performed
by the Master Servicer or the Special Servicer, as applicable, as set forth in the Lead Securitization Servicing Agreement.

 

Section
3.          Priority of Payments. Each Note shall be of equal priority, and no portion of either Note shall
have priority or preference over any portion of the other Note or security therefor. All amounts tendered by the Mortgage Loan
Borrower or otherwise available for payment on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property
or amounts realized as proceeds thereof, whether received in the form of Monthly Payments, the Balloon Payment, Liquidation Proceeds,
proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan, Condemnation Proceeds,
or Insurance Proceeds (other than proceeds, awards or settlements to be applied to the restoration or repair of the Mortgaged
Property or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents), but excluding
(x) all amounts for required reserves or escrows required by the Mortgage Loan Documents (to the extent, in accordance with the
terms of the Mortgage Loan Documents) to be held as reserves or escrows or received as reimbursements on account of recoveries
in respect of property protection expenses or Servicing Advances then due and payable or reimbursable to the Trustee or any Servicer
under the Lead Securitization Servicing Agreement and (y) all amounts that are then due, payable or reimbursable (except for (i)
any reimbursements of P&I Advances (and interest thereon) made with respect to Note A-1 or Note A-2 which may only be reimbursed
out of payments and collections allocable to Note A-1 or Note A-2, as applicable, (ii) any Servicing Fees due to the Master Servicer
in excess of the Non-Lead Securitization Note’s pro rata share of that portion of such Servicing Fees calculated
at the Servicing Fee Rate applicable to the Mortgage Loan as set forth in the Lead Securitization Servicing Agreement) to any
Servicer (or the Trustee as successor to the Servicer), with respect to the Mortgage Loan pursuant to the Lead Securitization
Servicing Agreement (including without limitation, any additional trust fund expenses relating to the Mortgage Loan and any Special
Servicing Fees, Liquidation Fees, Workout Fees, Penalty Charges (to the extent provided in the immediately following paragraph),
amounts paid by the Borrower in respect of modification fees or assumption fees and any other additional compensation payable
pursuant to the Lead Securitization Servicing Agreement), shall be applied by the Lead Securitization Note Holder (or its designee)
to the Notes on a Pro Rata and Pari Passu Basis.

 

For
clarification purposes, Penalty Charges (as defined in the Lead Securitization Servicing Agreement) paid on each Note shall first,
be used to reduce, on a pro rata basis, the amounts payable on each Note by the amount necessary to pay the Master Servicer,
the Trustee

 

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or
the Special Servicer for any interest accrued on any Servicing Advances in accordance with the terms of the Lead Securitization
Servicing Agreement, second, be used to reduce the respective amounts payable on each Note by the amount necessary to pay
the Master Servicer, Trustee, Non-Lead Master Servicer or Non-Lead Trustee for any interest accrued on any P&I Advance made
with respect to such Note by such party (if and as specified in the Lead Securitization Servicing Agreement or the Non-Lead Securitization
Servicing Agreement, as applicable), third, be used to reduce, on a pro rata basis, the amounts payable on each
Note by the amount necessary to pay additional trust fund expenses (other than Special Servicing Fees, unpaid Workout Fees and
Liquidation Fees) incurred with respect to the Mortgage Loan (as specified in the Lead Securitization Servicing Agreement) and
finally, (i) in the case of the remaining amount of Penalty Charges allocable to the Lead Securitization Note, be paid
to the Master Servicer and/or the Special Servicer as additional servicing compensation as provided in the Lead Securitization
Servicing Agreement and (ii) in the case of the remaining amount of Penalty Charges allocable to the Non-Lead Securitization Note,
be paid, (x) prior to the securitization of such Note, to the Non-Lead Securitization Note Holder and (y) following the securitization
of such Note, to the Master Servicer and/or the Special Servicer as additional servicing compensation as provided in the Lead
Securitization Servicing Agreement.

 

Section
4.         Workout. Notwithstanding anything to the contrary contained herein, but subject to the terms
and conditions of the Lead Securitization Servicing Agreement, and the obligation to act in accordance with the Servicing Standard,
if the Lead Securitization Note Holder, or any Servicer, in connection with a workout or proposed workout of the Mortgage Loan,
modifies the terms thereof such that (i) the principal balance of the Mortgage Loan is decreased, (ii) the Interest Rate is reduced,
(iii) payments of interest or principal on any Note are waived, reduced or deferred or (iv) any other adjustment is made to any
of the payment terms of the Mortgage Loan, such modification shall not alter, and any modification of the Mortgage Loan Documents
shall be structured to preserve, the equal priorities of each Note as described in Section 3.

 

Section
5.          Administration of the Mortgage Loan.

 

(a)          Subject
to this Agreement (including but not limited to Section 5(c)) and the Lead Securitization Servicing Agreement and subject to the
rights and consents, where required, of the Controlling Note Holder Representative, the Lead Securitization Note Holder (or the
Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) shall have the sole
and exclusive authority with respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage
Loan, including, without limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan Documents or
consent to any action or failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call
or waive any Event of Default, accelerate the Mortgage Loan or institute any foreclosure action or other remedy, and the Non-Lead
Securitization Note Holder shall have no voting, consent or other rights whatsoever except as explicitly set forth herein with
respect to the Lead Securitization Note Holder’s administration of, or exercise of its rights and remedies with respect
to, the Mortgage Loan. Subject to this Agreement and the Lead Securitization Servicing Agreement, the Non-Lead Securitization
Note Holder agrees that it shall have no right to, and hereby presently and irrevocably assigns and conveys to the Lead Securitization
Note Holder (or the Master Servicer,

 

    24

     

    

 

the
Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) the rights, if any, that such Note Holder
has to, (i) call or cause the Lead Securitization Note Holder to call an Event of Default under the Mortgage Loan, or (ii) exercise
any remedies with respect to the Mortgage Loan or the Mortgage Loan Borrower, including, without limitation, filing or causing
the Lead Securitization Note Holder to file any bankruptcy petition against the Mortgage Loan Borrower. The Lead Securitization
Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder)
shall not have any fiduciary duty to the Non-Lead Securitization Note Holder in connection with the administration of the Mortgage
Loan (but the foregoing shall not relieve the Lead Securitization Note Holder from the obligation to make any disbursement of
funds as set forth herein or its obligation to follow the Servicing Standard (in the case of the Master Servicer or the Special
Servicer) or any liability for failure to do so).

 

Upon
the Mortgage Loan becoming a Defaulted Mortgage Loan, the Non-Lead Securitization Note Holder hereby acknowledges the right and
obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead Securitization Note Holder)
to sell the Notes as notes evidencing one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement.
Notwithstanding the foregoing, the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead Securitization
Note Holder) shall not be permitted to sell the Mortgage Loan if it becomes a Defaulted Mortgage Loan without the written consent
of the Non-Controlling Note Holder ( provided that such consent is not required if the Non-Controlling Note Holder is the Mortgage
Loan Borrower or an affiliate of the Mortgage Loan Borrower) unless the Special Servicer has delivered to the Non-Controlling
Note Holder: (a) at least 15 Business Days’ prior written notice of any decision to attempt to sell the Mortgage Loan; (b)
at least 10 days prior to the proposed sale date, a copy of each bid package (together with any material amendments to such bid
packages) received by the Special Servicer in connection with any such proposed sale, (c) at least 10 days prior to the proposed
sale date, a copy of the most recent Appraisal for the Mortgage Loan, and any documents in the Servicing File reasonably requested
by the Non-Controlling Note Holder that are material to the price of the Mortgage Loan and (d) until the sale is completed, and
a reasonable period of time (but no less time than is afforded to the other offerors and the Lead Securitization Subordinate Class
Representative) prior to the proposed sale date, all information and other documents being provided to other offerors and all
leases or other documents that are approved by the Servicer in connection with the proposed sale; provided, that such Non-Controlling
Note Holder may waive any of the delivery or timing requirements set forth in this sentence. Subject to the terms of the Lead
Securitization Servicing Agreement, each of the Controlling Note Holder, the Controlling Note Holder Representative, the Non-Controlling
Note Holder and the Non-Controlling Note Holder Representative shall be permitted to bid at any sale of the Mortgage Loan unless
such Person is the Mortgage Loan Borrower or an agent or Affiliate of the Mortgage Loan Borrower.

 

The
Non-Lead Securitization Note Holder hereby appoints the Lead Securitization Note Holder as its agent, and grants to the Lead Securitization
Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose of soliciting and accepting
offers for and consummating the sale of the Non-Lead Securitization Note. The Non-Lead Securitization Note Holder further agrees
that, upon the request of the Lead Securitization Note Holder, the Non-Lead Securitization Note Holder shall execute and

 

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deliver
to or at the direction of the Lead Securitization Note Holder such powers of attorney or other instruments as the Lead Securitization
Note Holder may reasonably request to better assure and evidence the foregoing appointment and grant, in each case promptly following
request, and shall deliver the original Non-Lead Securitization Note, endorsed in blank, to or at the direction of the Lead Securitization
Note Holder in connection with the consummation of any such sale.

 

The
authority of the Lead Securitization Note Holder to sell the Non-Lead Securitization Note, and the obligations of the Non-Lead
Securitization Note Holder to execute and deliver instruments or deliver the Non-Lead Securitization Note upon request of the
Lead Securitization Note Holder, shall terminate and cease to be of any further force or effect upon the date, if any, upon which
the Lead Securitization Note is repurchased by the Note Holder that sold the Lead Securitization Note into the Lead Securitization
from the trust fund established under the Lead Securitization Servicing Agreement in connection with a material breach of representation
or warranty made by such Note Holder with respect to the Lead Securitization Note or material document defect with respect to
the documents delivered by such Note Holder with respect to the Lead Securitization Note upon the consummation of the Lead Securitization.
The preceding sentence shall not be construed to grant to the Non-Lead Securitization Note Holder the benefit of any representation
or warranty made by the Note Holder that sold the Lead Securitization Note into the Lead Securitization or any document delivery
obligation imposed on such Note Holder under any mortgage loan purchase and sale agreement, instrument of transfer or other document
or instrument that may be executed or delivered by such Note Holder in connection with the Lead Securitization.

 

(b)          The
administration of the Mortgage Loan shall be governed by this Agreement and the Lead Securitization Servicing Agreement. The servicing
of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan
(or to the extent otherwise provided in the Lead Securitization Servicing Agreement), by the Special Servicer, in each case pursuant
to the Lead Securitization Servicing Agreement. Notwithstanding anything to the contrary contained herein, in accordance with
the Lead Securitization Servicing Agreement, the Lead Securitization Note Holder shall cause the Master Servicer and the Special
Servicer to service and administer the Mortgage Loan in accordance with the Servicing Standard, taking into account the interests
of both Note Holders as a collective whole. The Note Holders agree to be bound by the terms of the Lead Securitization Servicing
Agreement. All rights and obligations of the Lead Securitization Note Holder described hereunder may be exercised by the Master
Servicer, the Special Servicer, the Certificate Administrator and/or the Trustee on behalf of the Lead Securitization Note Holder.
The Lead Securitization Servicing Agreement shall not be amended in any manner that may adversely affect any Non-Lead Securitization
Note Holder in its capacity as Non-Lead Securitization Note Holder. Each Non-Lead Securitization Note Holder (unless it is the
same Person as or an Affiliate of the Mortgage Loan Borrower) shall be a third-party beneficiary to the Lead Securitization Servicing
Agreement with respect to their rights as specifically provided for therein.

 

(c)          The
Controlling Note Holder (or its Controlling Note Holder Representative) shall have, with respect to the Mortgage Loan, all of
the same rights and powers of the Controlling Class Representative under the Lead Securitization Servicing Agreement with respect
to the other mortgage loans included in the Lead Securitization,

 

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without
limitation, the right to consent and/or consult regarding Major Decisions and other servicing matters, the right to advise (1)
the Special Servicer with respect to all Specially Serviced Loans and (2) the Special Servicer with respect to non Specially Serviced
Loans as to all matters for which the Master Servicer must obtain the consent or deemed consent of the Special Servicer, and the
right to direct the Special Servicer to take, or to refrain from taking, such other actions with respect to the Mortgage Loan
as the Controlling Class Representative may deem advisable or as to which provision is otherwise made therein, in each case subject
to the terms and conditions of the Lead Securitization Servicing Agreement.

 

(d)          Notwithstanding
the foregoing, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall
be required (i) to provide copies of any notice, information and report that it is required to provide to the Lead Securitization
Subordinate Class Representative pursuant to the Lead Securitization Servicing Agreement with respect to any Major Decisions or
the implementation of any recommended actions outlined in an Asset Status Report relating to the Mortgage Loan, to the Non-Controlling
Note Holder (or the master servicer of Non-Controlling Note Securitization on its behalf), within the same time frame it is required
to provide to the Lead Securitization Subordinate Class Representative (for this purpose, without regard to whether such items
are actually required to be provided to the Lead Securitization Subordinate Class Representative under the Lead Securitization
Servicing Agreement due to the occurrence of a Control Termination Event or a Consultation Termination Event) and (ii) to consult
with the Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) on a strictly non-binding basis, to the
extent having received such notices, information and reports, the Non-Controlling Note Holder (or its Non-Controlling Note Holder
Representative) requests consultation with respect to any such Major Decisions or the implementation of any recommended actions
outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended by the Non-Controlling
Note Holder (or its Non-Controlling Note Holder Representative); provided that after the expiration of a period of ten
(10) Business Days from the delivery to the Non-Controlling Note Holder (or the master servicer of Non-Controlling Note Securitization
on its behalf) by the Lead Securitization Note Holder of written notice of a proposed action, together with copies of the notice,
information and report required to be provided to the Lead Securitization Subordinate Class Representative, the Lead Securitization
Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall no longer be obligated to consult with
the Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative), whether or not the Non-Controlling Note Holder
(or its Non-Controlling Note Holder Representative) has responded within such ten (10) Business Day period (unless, the Lead Securitization
Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) proposes a new course of action that is materially
different from the action previously proposed, in which case such ten (10) Business Day period shall be deemed to begin anew from
the date of such proposal and delivery of all information relating thereto). Notwithstanding the consultation rights of the Non-Controlling
Note Holder (or its Non-Controlling Note Holder Representative) set forth in the immediately preceding sentence, the Lead Securitization
Note Holder (or Servicer or Special Servicer, acting on its behalf) may make any Major Decision or take any action set forth in
the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period if the Lead Securitization Note
Holder (or Master Servicer or Special Servicer, as applicable) determines that immediate action with respect thereto is necessary
to protect the interests of the Note Holders. In no event shall

 

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the
Lead Securitization Note Holder (or Servicer or Special Servicer, acting on its behalf) be obligated at any time to follow or
take any alternative actions recommended by the Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative).

 

In
addition to the consultation rights of the Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) provided
in the immediately preceding paragraph, the Non-Controlling Note Holder shall have the right to attend annual meetings (either
telephonically or in person, in the discretion of the Servicer) with the Lead Securitization Note Holder (or the Master Servicer
or the Special Servicer acting on its behalf) at the offices of the Master Servicer or the Special Servicer, as applicable, upon
reasonable notice and at times reasonably acceptable to the Master Servicer or the Special Servicer, as applicable, in which servicing
issues related to the Mortgage Loan are discussed; provided that the Non-Controlling Note Holder, at the request of the
Master Servicer or the Special Servicer, as applicable, shall execute a confidentiality agreement in form and substance satisfactory
to it, the Master Servicer or the Special Servicer, as applicable, and the Lead Securitization Note Holder.

 

(e)          If
any Note is included as an asset of a real estate mortgage investment conduit (a “REMIC”), within the meaning
of Section 860D(a) of the Code, then, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage Loan shall
be administered such that the Notes shall qualify at all times as (or as interests in) a “qualified mortgage” within
the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired by or on behalf
of the Note Holders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure of the
Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interest of the pro
rata share of each Note Holder therein shall at all times qualify as “foreclosure property” within the meaning
of Section 860G(a)(8) of the Code and (iii) no Servicer may modify, waive or amend any provision of the Mortgage Loan, consent
to or withhold consent from any action of the Mortgage Loan Borrower, or exercise or refrain from exercising any powers or rights
which the Note Holders may have under the Mortgage Loan Documents, if any such action would constitute a “significant modification”
of the Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States Department of the Treasury,
more than three (3) months after the startup day of the REMIC which includes the Notes (or any portion thereof). Each Note Holder
agrees that the provisions of this paragraph shall be effected by compliance with any REMIC provisions in the Lead Securitization
Servicing Agreement relating to the administration of the Mortgage Loan.

 

Anything
herein or in the Lead Securitization Servicing Agreement to the contrary notwithstanding, in the event that one of the Notes is
included in a REMIC and the other is not, such other Note Holder shall not be required to reimburse such Note Holder or any other
Person for payment of (i) any taxes imposed on such REMIC, (ii) any costs or expenses relating to the administration of such REMIC
or to any determination respecting the amount, payment or avoidance of any tax under such REMIC or (iii) any advances for any
of the foregoing or any interest thereon or for deficits in other items of disbursement or income resulting from the use of funds
for payment of any such taxes, costs or expenses or advances, nor shall any disbursement or payment otherwise distributable to
the other Note Holder be reduced to offset or make-up any such payment or deficit.

 

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Section
6.          Appointment of Controlling Note Holder Representative and Non-Controlling Note Holder Representative.

 

(a)          The
Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights
and obligations with respect to the Mortgage Loan (the “Controlling Note Holder Representative”). The Controlling
Note Holder shall have the right in its sole discretion at any time and from time to time to remove and replace the Controlling
Note Holder Representative in accordance with the terms of the Lead Securitization Servicing Agreement. When exercising its various
rights under Section 5 and elsewhere in this Agreement, the Controlling Note Holder may, at its option, in each case, act through
the Controlling Note Holder Representative. The Controlling Note Holder Representative may be any Person (other than the Mortgage
Loan Borrower, its principal or any Affiliate of the Mortgage Loan Borrower), including, without limitation, the Controlling Note
Holder, any officer or employee of the Controlling Note Holder, any affiliate of the Controlling Note Holder or any other unrelated
third party. No such Controlling Note Holder Representative shall owe any fiduciary duty or other duty to any other Person (other
than the Controlling Note Holder). All actions that are permitted to be taken by the Controlling Note Holder under this Agreement
may be taken by the Controlling Note Holder Representative acting on behalf of the Controlling Note Holder. No Servicer, Operating
Advisor, Trustee or Certificate Administrator acting on behalf of the Lead Securitization Note Holder shall be required to recognize
any Person as a Controlling Note Holder Representative until the Controlling Note Holder has notified each Servicer, Operating
Advisor, Trustee and Certificate Administrator of such appointment and, if the Controlling Note Holder Representative is not the
same Person as the Controlling Note Holder, the Controlling Note Holder Representative provides each Servicer, Operating Advisor,
Trustee, Asset Representations Reviewer and Certificate Administrator with written confirmation of its acceptance of such appointment,
an address and facsimile number for the delivery of notices and other correspondence and a list of officers or employees of such
person with whom the parties to this Agreement may deal (including their names, titles, work addresses and facsimile numbers).
The Controlling Note Holder shall promptly deliver such information to each Servicer, Operating Advisor, Asset Representations
Reviewer, Trustee and Certificate Administrator. So long as no Consultation Termination Event is in effect pursuant to the terms
of the Lead Securitization Servicing Agreement, the Controlling Note Holder Representative shall be the Lead Securitization Subordinate
Class Representative.

 

(b)          Neither
the Controlling Note Holder Representative nor the Controlling Note Holder will have any liability to the other Note Holders or
any other Person for any action taken, or for refraining from the taking of any action or the giving of any consent or the failure
to give any consent pursuant to this Agreement or the Lead Securitization Servicing Agreement, or errors in judgment, absent any
loss, liability or expense incurred by reason of its willful misfeasance, bad faith or gross negligence. The Note Holders agree
that the Controlling Note Holder Representative and the Controlling Note Holder (whether acting in place of the Controlling Note
Holder Representative when no Controlling Note Holder Representative shall have been appointed hereunder or otherwise exercising
any right, power or privilege granted to the Controlling Note Holder hereunder) may take or refrain from taking actions, or give
or refrain from giving consents, that favor the interests of one Note Holder over the other Note Holder, and that the Controlling
Note Holder Representative may have special relationships and

 

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interests
that conflict with the interests of a Note Holder and, absent willful misfeasance, bad faith or gross negligence on the part of
the Controlling Note Holder Representative or the Controlling Note Holder, as the case may be, agree to take no action against
the Controlling Note Holder Representative, the Controlling Note Holder or any of their respective officers, directors, employees,
principals or agents as a result of such special relationships or interests, and that neither the Controlling Note Holder Representative
nor the Controlling Note Holder will be deemed to have been grossly negligent or reckless, or to have acted in bad faith or engaged
in willful misfeasance or to have recklessly disregarded any exercise of its rights by reason of its having acted or refrained
from acting, or having given any consent or having failed to give any consent, solely in the interests of any Note Holder.

 

(c)          The
Non-Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its
rights and obligations with respect to the Mortgage Loan (the “Non-Controlling Note Holder Representative”).
All of the provisions relating to Controlling Note Holder and the Controlling Note Holder Representative set forth in Section
6(a) (except those contained in the last sentence thereof) and Section 6(b) shall apply to the Non-Controlling Note Holder and
the Non-Controlling Note Holder Representative mutatis mutandis. The Non-Controlling Note Holder Representative, as of
the date of this Agreement and until the Lead Securitization Note Holder (and the Master Servicer and the Special Servicer) is
notified otherwise, shall be the Initial Note A-2 Holder.

 

(d)          The
Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Lead Securitization Note hereunder
and the rights and powers granted to the “Controlling Class Representative” or similar party under, and as
defined in, the Lead Securitization Servicing Agreement with respect to the Mortgage Loan. In addition, subject to the terms of
the Lead Securitization Servicing Agreement, the Controlling Note Holder shall be entitled to advise (1) the Special Servicer
with respect to all matters related to a “Specially Serviced Mortgage Loan” (as defined in the Lead Securitization
Servicing Agreement) and (2) the Special Servicer with respect to all matters for which the Master Servicer must obtain the consent
or deemed consent of the Special Servicer, and, except as set forth below (i) the Master Servicer shall not be permitted to implement
any Major Decision unless it has obtained the prior written consent of the Special Servicer and (ii) the Special Servicer shall
not be permitted to consent to the Master Servicer’s implementing any Major Decision nor will the Special Servicer itself
be permitted to implement any Major Decision as to which the Controlling Note Holder has objected in writing within ten (10) Business
Days (or 30 days with respect to an Acceptable Insurance Default if so provided for in the Lead Securitization Servicing Agreement)
after receipt of the written recommendation and analysis and such additional information requested by the Controlling Note Holder
as may be necessary in the reasonable judgment of the Controlling Note Holder in order to make a judgment with respect to such
Major Decision. The Controlling Note Holder may also direct the Special Servicer to take, or to refrain from taking, such other
actions with respect to the Mortgage Loan as the Controlling Note Holder may deem advisable.

 

If
the Controlling Note Holder fails to notify the Special Servicer of its approval or disapproval of any proposed Major Decision
within ten (10) Business Days (or 30 days with respect to an Acceptable Insurance Default if so provided in the Lead Securitization
Servicing Agreement) after delivery to the Controlling Note Holder by the applicable Servicer of written

 

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notice
of a proposed Major Decision together with any information requested by the Controlling Note Holder as may be necessary in the
reasonable judgment of the Controlling Note Holder in order to make a judgment, then upon the expiration of such ten (10) Business
Day (or 30 days with respect to an Acceptable Insurance Default if so provided in the Lead Securitization Servicing Agreement)
period, such Major Decision shall be deemed to have been approved by the Controlling Note Holder.

 

In
the event that the Special Servicer or Master Servicer (in the event the Master Servicer is otherwise authorized by the Lead Securitization
Servicing Agreement to take such action), as applicable, determines that immediate action, with respect to the foregoing matters,
or any other matter requiring consent of the Controlling Note Holder is necessary to protect the interests of the Note Holders
(as a collective whole) and the Special Servicer has made a reasonable effort to contact the Controlling Note Holder, the Master
Servicer or the Special Servicer, as the case may be, may take any such action without waiting for the Controlling Note Holder’s
response.

 

No
objection contemplated by the preceding paragraphs may require or cause the Master Servicer or the Special Servicer, as applicable,
to violate any provision of the Mortgage Loan Documents, applicable law, the Lead Securitization Servicing Agreement, this Agreement,
the REMIC provisions of the Code or the Master Servicer or Special Servicer’s obligation to act in accordance with the Servicing
Standard or materially expand the scope of responsibilities of any of the Master Servicer or Special Servicer, as applicable.

 

The
Controlling Note Holder shall have no liability to the other Note Holders or any other party for any action taken, or for refraining
from the taking of any action or the giving of any consent or the failure to give any consent pursuant to this Agreement or the
Lead Securitization Servicing Agreement, or errors in judgment, absent any loss, liability or expense incurred by reason of its
willful misfeasance, bad faith or gross negligence. The Note Holders agree that the Controlling Note Holder may take or refrain
from taking actions, or give or refrain from giving consents, that favor the interests of one Note Holder over the other Note
Holder, and that the Controlling Note Holder may have special relationships and interests that conflict with the interests of
another Note Holder and, absent willful misconduct, bad faith or gross negligence on the part of the Controlling Note Holder agree
to take no action against the Controlling Note Holder or any of its officers, directors, employees, principals or agents as a
result of such special relationships or interests, and that the Controlling Note Holder shall not be deemed to have been grossly
negligent or reckless, or to have acted in bad faith or engaged in willful misconduct or to have recklessly disregarded any exercise
of its rights by reason of its having acted or refrained from acting, or having given any consent or having failed to give any
consent, solely in the interests of any Note Holder.

 

Section
7.          Appointment of Special Servicer. Subject to the terms of the Lead Securitization Servicing Agreement,
the Controlling Note Holder (or its Controlling Note Holder Representative) shall have the right at any time and from time to
time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a replacement
Special Servicer in lieu thereof. Any designation by Controlling Note Holder (or its Controlling Note Holder Representative) of
a Person to serve as Special Servicer shall be made by delivering to the other Note Holder, the Master Servicer, the then existing
Special Servicer

 

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and
other parties to the Lead Securitization Servicing Agreement a written notice stating such designation and satisfying the Required
Special Servicer Rating and the other conditions to such replacement as set forth in the Lead Securitization Servicing Agreement
(including, without limitation, a Rating Agency Confirmation, if required by the terms of the Lead Securitization Servicing Agreement),
if any. The Controlling Note Holder shall be solely responsible for any expenses incurred in connection with any such replacement
without cause. The Controlling Note Holder shall notify the other parties hereto of its termination of the then currently serving
Special Servicer and its appointment of a replacement Special Servicer in accordance with this Section 7. If the Controlling Note
Holder has not appointed a Special Servicer with respect to the Mortgage Loan as of the consummation of the securitization under
the Lead Securitization Servicing Agreement, then the initial Special Servicer designated in the Lead Securitization Servicing
Agreement shall serve as the initial Special Servicer but this shall not limit the right of the Controlling Note Holder (or its
Controlling Note Holder Representative) to designate a replacement Special Servicer for the Mortgage Loan as aforesaid. If a Servicer
Termination Event on the part of the Special Servicer has occurred that affects the Non-Controlling Note Holder, the Non-Controlling
Note Holder shall have the right to direct the Trustee (or at any time that the Mortgage Loan is no longer included in a Securitization
Trust, the Controlling Note Holder) to terminate the Special Servicer under the Lead Securitization Servicing Agreement (or at
any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the successor
servicing agreement pursuant to which the Mortgage Loan is being serviced) solely with respect to the Mortgage Loan pursuant to
and in accordance with the terms of the Lead Securitization Servicing Agreement (or at any time that the Mortgage Loan is no longer
subject to the provisions of the Lead Securitization Servicing Agreement, the successor servicing agreement pursuant to which
the Mortgage Loan is being serviced). The Controlling Note Holder and the Non-Controlling Note Holder acknowledge and agree that
any successor special servicer appointed to replace the Special Servicer with respect to the Mortgage Loan that was terminated
for cause at the Non-Controlling Note Holder’s direction cannot at any time be the person (or an Affiliate thereof) that
was so terminated without the prior written consent of the Non-Controlling Note Holder. The Non-Controlling Note Holder shall
be solely responsible for reimbursing the Trustee’s or the Controlling Note Holder’s, as applicable, costs and expenses,
if not paid within a reasonable time by the terminated special servicer and, in the case of the Trustee, that would otherwise
be reimbursed to the Trustee from amounts on deposit in the Certificate Account or Loan Combination Custodial Account.

 

Section
8.          Payment Procedure.

 

(a)          The
Lead Securitization Note Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead
Securitization Servicing Agreement, will deposit or cause to be deposited all payments allocable to the Notes to the Certificate
Account or Loan Combination Custodial Account pursuant to and in accordance with the Lead Securitization Servicing Agreement.
The Lead Securitization Note Holder (or the Master Servicer acting on its behalf) shall deposit such amounts to the applicable
account within one (1) Business Day after receipt of properly identified funds by the Lead Securitization Note Holder (or the
Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower; provided, however, that to
the extent any such amounts are received after 2:00 p.m. Eastern Time on any given Business Day, the Master Servicer shall use
commercially reasonable efforts to deposit such amounts into the applicable account within one (1) Business

 

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Day
of receipt of such properly identified and available funds but, in any event, the Master Servicer shall deposit such amounts in
the applicable account within two (2) Business Days of receipt of such properly identified and available funds.

 

(b)          If
the Lead Securitization Note Holder (or the Servicer on its behalf) determines, or a court of competent jurisdiction orders, at
any time that any amount received or collected in respect of any Note must, pursuant to any insolvency, bankruptcy, fraudulent
conveyance, preference or similar law, be returned to the Mortgage Loan Borrower or paid to the Lead Securitization Note Holder,
the Non-Lead Securitization Note Holder or any Servicer or paid to any other Person, then, notwithstanding any other provision
of this Agreement, the Lead Securitization Note Holder shall not be required to distribute any portion thereof to the Non-Lead
Securitization Note Holders and the Non-Lead Securitization Note Holders will promptly on demand by the Lead Securitization Note
Holder repay to the Lead Securitization Note Holder any portion thereof that the Lead Securitization Note Holder shall have theretofore
distributed to the Non-Lead Securitization Note Holder, together with interest thereon at such rate, if any, as the Lead Securitization
Note Holder shall have been required to pay to any Mortgage Loan Borrower, Master Servicer, Special Servicer or such other Person
with respect thereto.

 

(c)          If,
for any reason, the Lead Securitization Note Holder (or the Servicer on its behalf) makes any payment to the Non-Lead Securitization
Note Holder before the Lead Securitization Note Holder (or the Servicer on its behalf) has received the corresponding payment
(it being understood that the Lead Securitization Note Holder (or the Servicer on its behalf) is under no obligation to do so),
and the Lead Securitization Note Holder (or the Servicer on its behalf) does not receive the corresponding payment within five
(5) Business Days of its payment to the Non-Lead Securitization Note Holder, the Non-Lead Securitization Note Holder shall, at
the Lead Securitization Note Holder’s request, promptly return that payment to the Lead Securitization Note Holder.

 

(d)          Each
Note Holder agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan
in excess of its distributable share thereof, it shall promptly remit such excess to the applicable Note Holder, subject to this
Agreement and the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder shall have the right to offset
any amounts due hereunder from the Non-Lead Securitization Note Holder with respect to the Mortgage Loan against any future payments
due to the Non-Lead Securitization Note Holder under the Mortgage Loan. Such Non-Lead Securitization Note Holder’s obligations
under this Section 8 constitute absolute, unconditional and continuing obligations.

 

Section
9.         Limitation on Liability of the Note Holders. Subject to the terms of the Lead Securitization
Servicing Agreement governing servicer liability, each Note Holder shall have no liability to the other Note Holder with respect
to its Note except with respect to losses actually suffered due to the gross negligence, willful misconduct or breach of this
Agreement on the part of such Note Holder.

 

The
Note Holders acknowledge that, subject to the obligation of the Lead Securitization Note Holder (including any Servicer and the
Trustee) to comply with, and except

 

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as
otherwise required by, the Servicing Standard, the Lead Securitization Note Holder (including any Servicer and the Trustee) may
exercise, or omit to exercise, any rights that the Lead Securitization Note Holder may have under the Lead Securitization Servicing
Agreement in a manner that may be adverse to the interests of the Non-Lead Securitization Note Holder and that the Lead Securitization
Note Holder (including any Servicer and the Trustee) shall have no liability whatsoever to the Non-Lead Securitization Note Holder
in connection with the Lead Securitization Note Holder’s exercise of rights or any omission by the Lead Securitization Note
Holder to exercise such rights other than as described above; provided, however, that the Servicer must act in accordance
with the Servicing Standard.

 

Section
10.       Bankruptcy. Subject to Section 5(c), each Note Holder hereby covenants and agrees that only the Lead
Securitization Note Holder has the right to institute, file, commence, acquiesce, petition under Bankruptcy Code Section 303 or
otherwise or join any Person in any such petition or otherwise invoke or cause any other Person to invoke an Insolvency Proceeding
with respect to or against the Mortgage Loan Borrower or seek to appoint a receiver, liquidator, assignee, trustee, custodian,
sequestrator or other similar official with respect to the Mortgage Loan Borrower or all or any part of its property or assets
or ordering the winding-up or liquidation of the affairs of the Mortgage Loan Borrower. Each Note Holder further agrees that only
the Lead Securitization Note Holder, and not the Non-Lead Securitization Note Holder, can make any election, give any consent,
commence any action or file any motion, claim, obligation, notice or application or take any other action in any case by or against
the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding. The Note Holders hereby appoint the
Lead Securitization Note Holder as their agent, and grant to the Lead Securitization Note Holder an irrevocable power of attorney
coupled with an interest, and their proxy, for the purpose of exercising any and all rights and taking any and all actions available
to the Non-Lead Securitization Note Holder in connection with any case by or against the Mortgage Loan Borrower under the Bankruptcy
Code or in any other Insolvency Proceeding, including, without limitation, the right to file and/or prosecute any claim, vote
to accept or reject a plan, to make any election under Section 1111(b) of the Bankruptcy Code with respect to the Mortgage Loan,
and to file a motion to modify, lift or terminate the automatic stay with respect to the Mortgage Loan. The Note Holders hereby
agree that, upon the request of the Lead Securitization Note Holder, the Non-Lead Securitization Note Holder shall execute, acknowledge
and deliver to the Lead Securitization Note Holder all and every such further deeds, conveyances and instruments as the Lead Securitization
Note Holder may reasonably request for the better assuring and evidencing of the foregoing appointment and grant. All actions
taken by the Servicer in connection with any Insolvency Proceeding are subject to and must be in accordance with the Servicing
Standard.

 

Section
11.       Representations of the Note Holders. Each Note Holder represents and warrants that the execution,
delivery and performance of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate
action, and does not contravene such Note Holder’s charter or any law or contractual restriction binding upon such Note
Holder, and that this Agreement is the legal, valid and binding obligation of such Note Holder enforceable against such Note Holder
in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium
or other similar laws affecting the enforcement of creditors’ rights generally, and by general principles of equity (regardless
of whether such enforceability is considered in a proceeding in equity or at

 

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law),
and except that the enforcement of rights with respect to indemnification and contribution obligations may be limited by applicable
law. Each Note Holder represents and warrants that it is duly organized, validly existing, in good standing and in possession
of all licenses and authorizations necessary to carry on its business. Each Note Holder represents and warrants that (a) this
Agreement has been duly executed and delivered by such Note Holder, (b) to such Note Holder’s actual knowledge, 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 such Note Holder have been obtained or made and (c) to such Note Holder’s
actual knowledge, there is no pending action, suit or proceeding, arbitration or governmental investigation against such Note
Holder, an adverse outcome of which would materially and adversely affect its performance under this Agreement.

 

Section
12.       No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and
no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership,
association, joint venture or other entity. Neither Note Holder shall have any obligation whatsoever to offer to the other Note
Holder the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates
and if either Note Holder chooses to offer to the other Note Holder the opportunity to purchase a participation interest in any
future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest
rate as such Note Holder chooses, in its sole and absolute discretion. Neither Note Holder shall have any obligation whatsoever
to purchase from the other Note Holder a participation interest in any future loans originated by such Note Holder or its Affiliates.

 

Section
13.        Other Business Activities of the Note Holders. Each Note Holder acknowledges that the other Note
Holder or its Affiliates may make loans or otherwise extend credit to, and generally engage in any kind of business with, the
Mortgage Loan Borrower or any Affiliate thereof, any entity that is a holder of debt secured by direct or indirect ownership interests
in the Mortgage Loan Borrower or any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower (each,
a “Mortgage Loan Borrower Related Party”), and receive payments on such other loans or extensions of credit
to Mortgage Loan Borrower Related Parties and otherwise act with respect thereto freely and without accountability in the same
manner as if this Agreement and the transactions contemplated hereby were not in effect.

 

Section
14.        Sale of the Notes.

 

(a)          Each
Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, participate, hypothecate, contribute, encumber
or otherwise dispose (either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar
agreement, excluding a repo financing or a Pledge in accordance with Section 14(d) hereof) of a Note (a “Transfer”)
except to a Qualified Institutional Lender. Promptly after the Transfer, the non-transferring Note Holder shall be provided with
(x) a representation from a transferee or the applicable Note Holder certifying that such transferee is a Qualified Institutional
Lender (except in the case of a Transfer to a Securitization (and the related pooling and servicing or similar agreement requires
the parties thereto to comply with this Agreement) or in accordance with the immediately following sentence) and (y) a copy of
the assignment and assumption agreement referred to in Section 15. If a Note Holder intends to Transfer its respective Note, or

 

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any
portion thereof, to an entity that is not a Qualified Institutional Lender, it must first obtain (1) prior to a Securitization,
the consent of the non-transferring Note Holder or (2) after a Securitization of such non-transferring Note Holder’s Note,
Rating Agency Confirmation. Notwithstanding the foregoing, without the non-transferring Note Holder’s prior consent (which
will not be unreasonably withheld), and, if such non-transferring Note Holder’s Note is held in a Securitization Trust,
without Rating Agency Confirmation, no Note Holder shall Transfer all or any portion of its Note (or a participation interest
in such Note) to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party and any such Transfer shall be absolutely
null and void and shall vest no rights in the purported transferee. The transferring Note Holder agrees that it will pay the expenses
of the non-transferring Note Holder (including all expenses of the Master Servicer, the Special Servicer and the Trustee) and
all expenses relating to the confirmation from the Rating Agencies in connection with any such Transfer. Notwithstanding the foregoing,
each Note Holder shall have the right, without the need to obtain the consent of the other Note Holder, the Rating Agencies or
any other Person, to Transfer 49% or less (in the aggregate) of its Note or any beneficial interest in its Note. None of the provisions
of this Section 14(a) shall apply in the case of (1) a sale of Note A-1 together with Note A-2, in accordance with the terms and
conditions of the Lead Securitization Servicing Agreement or (2) a transfer by the Special Servicer, in accordance with the terms
and conditions of the Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged Property, upon the Mortgage
Loan becoming a Defaulted Loan, to a single member limited liability or limited partnership, 100% of the equity interest in which
is owned directly or indirectly, through one or more single member limited liability companies or limited partnerships, by the
Lead Securitization Trust.

 

For
the purposes of this Agreement, if any Rating Agency shall, in writing, waive, decline or refuse to review or otherwise engage
any request for a confirmation hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade
or withdrawal of its then current rating of the securities issued pursuant to the related Securitization, such waiver, declination,
or refusal shall be deemed to eliminate, for such request only, the condition that such confirmation by such Rating Agency (only)
be obtained for purposes of this Agreement. For purposes of clarity, any such waiver, declination or refusal to review or otherwise
engage in any request for such confirmation hereunder shall not be deemed a waiver, declination or refusal to review or otherwise
engage in any subsequent request for such Rating Agency confirmation hereunder and the condition for such Rating Agency confirmation
pursuant to this Agreement for any subsequent request shall apply regardless of any previous waiver, declination or refusal to
review or otherwise engage in such prior request.

 

(b)          In
the case of any Transfer of a participation interest in any of the Notes, (i) the respective Note Holders’ obligations under
this Agreement shall remain unchanged, (ii) such Note Holders shall remain solely responsible for the performance of such obligations,
and (iii) the Lead Securitization Note Holder and any Persons acting on its behalf shall continue to deal solely and directly
with such Note Holder in connection with such Note Holder’s rights and obligations under this Agreement and the Lead Securitization
Servicing Agreement, and all amounts payable hereunder shall be determined as if such Note Holder had not sold such participation
interest.

 

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(c)          Notwithstanding
any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity (other than the
Mortgage Loan Borrower or any Affiliate thereof) which has extended a credit facility to such Note Holder and that is either a
Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A” (or
the equivalent) or better by each Rating Agency (a “Note Pledgee”), on terms and conditions set forth in this
Section 14(c), it being further agreed that a financing provided by a Note Pledgee to a Note Holder or any person which Controls
such Note that is secured by its Note and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder,
provided that a Note Pledgee which is not a Qualified Institutional Lender may not take title to the pledged Note without
a Rating Agency Confirmation. Upon written notice by the applicable Note Holder to the other Note Holder and any Servicer that
a Pledge has been effected (including the name and address of the applicable Note Pledgee), the other Note Holder agrees to acknowledge
receipt of such notice and thereafter agrees: (i) to give Note Pledgee written notice of any default by the pledging Note Holder
in respect of its obligations under this Agreement of which default such Note Holder has actual knowledge; (ii) to allow such
Note Pledgee a period of ten (10) days to cure a default by the pledging Note Holder in respect of its obligations to the other
Note Holder hereunder, but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification,
waiver or termination of this Agreement shall be effective against such Note Pledgee without the written consent of such Note
Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed; (iv) that such other Note Holder shall give
to such Note Pledgee copies of any notice of default under this Agreement simultaneously with the giving of same to the pledging
Note Holder; (v) that such other Note Holder shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall
reasonably request, provided that any such certificate(s) shall be in a form reasonably satisfactory to such other Note
Holder; and (vi) that, upon written notice (a “Redirection Notice”) to the other Note Holder and any Servicer
by such Note Pledgee that the pledging Note Holder is in default, beyond any applicable cure periods, under the pledging Note
Holder’s obligations to such Note Pledgee pursuant to the applicable credit agreement between the pledging Note Holder and
such Note Pledgee (which notice need not be joined in or confirmed by the pledging Note Holder), and until such Redirection Notice
is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any payments that any Note Holder or
Servicer would otherwise be obligated to pay to the pledging Note Holder from time to time pursuant to this Agreement or the Lead
Securitization Servicing Agreement. Any pledging Note Holder hereby unconditionally and absolutely releases the other Note Holder
and any Servicer from any liability to the pledging Note Holder on account of such other Note Holder’s or Servicer’s
compliance with any Redirection Notice believed by any Servicer or such other Note Holder to have been delivered by a Note Pledgee.
Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Note Holder to such Note Pledgee
(and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law and this Agreement.
In such event, the Note Holders and any Servicer shall recognize such Note Pledgee (and any transferee other than the Mortgage
Loan Borrower or any Affiliate thereof which is also a Qualified Institutional Lender at any foreclosure or similar sale held
by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns, as the successor to the pledging
Note Holder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Institutional
Lender shall assume in writing the obligations of the pledging Note Holder hereunder accruing from

 

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and
after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and agrees to be bound by the terms and
provisions of this Agreement. The rights of a Note Pledgee under this Section 14(c) shall remain effective as to any Note Holder
(and any Servicer) unless and until such Note Pledgee shall have notified any such Note Holder (and any Servicer, as applicable)
in writing that its interest in the pledged Note has terminated.

 

(d)          Notwithstanding
any provisions herein to the contrary, if a conduit (“Conduit”) which is not a Qualified Institutional Lender
provides financing to a Note Holder then such Note Holder shall have the right to grant a security interest in its Note to such
Conduit notwithstanding that such Conduit is not a Qualified Institutional Lender, if the following conditions are satisfied:

 

(i)           The
loan (the “Conduit Inventory Loan”) made by the Conduit to such Note Holder to finance the acquisition and
holding of its Note requires a third party (the “Conduit Credit Enhancer”) to provide credit enhancement;

 

(ii)          The
Conduit Credit Enhancer is a Qualified Institutional Lender;

 

(iii)         Such
Note Holder pledges its interest in its Note to the Conduit as collateral for the Conduit Inventory Loan;

 

(iv)         The
Conduit Credit Enhancer and the Conduit agree that, if such Note Holder defaults under the Conduit Inventory Loan, or if the Conduit
is unable to refinance its outstanding commercial paper even if there is no default by such Note Holder, the Conduit Credit Enhancer
will purchase the Conduit Inventory Loan from the Conduit, and the Conduit will assign the pledge of such Note Holder’s
Note to the Conduit Credit Enhancer; and

 

(v)          Unless
the Conduit is in fact then a Qualified Institutional Lender, the Conduit will not without obtaining a Rating Agency Confirmation
from each Rating Agency have any greater right to acquire the interests in the Note pledged by such Note Holder, by foreclosure
or otherwise, than would any other purchaser that is not a Qualified Institutional Lender at a foreclosure sale conducted by a
Note Pledgee.

 

Section
15.       Registration of the Notes and Each Note Holder. The Agent shall keep or cause to be kept at the Agent
Office books (the “Note Register”) for the registration and transfer of the Notes. The Agent shall serve as
the initial note registrar and the Agent hereby accepts such appointment. The names and addresses of the holders of the Notes
and the names and addresses of any transferee of any Note of which the Agent has received notice, in the form of a copy of the
assignment and assumption agreement referred to in this Section 15, shall be registered in the Note Register. The Person in whose
name a Note Holder is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes of this
Agreement, except in the case of the Initial Note A-1 Holder and the Initial Note A-2 Holder who may hold their Notes through
a nominee. Upon request of a Note Holder (including a Servicer on its behalf), the Agent shall provide such party with the names
and addresses of the other Note Holder. To the extent the Trustee or another party is appointed as Agent hereunder, each Note

 

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Holder
hereby designates such person as its agent under this Section 15 solely for purposes of maintaining the Note Register.

 

In
connection with any Transfer of a Note (but excluding any Pledgee unless and until it realizes on its Pledge), a transferee shall
execute an assignment and assumption agreement (unless the transferee is a Securitization Trust and the related pooling
and servicing agreement requires the parties thereto to comply with this Agreement), whereby such transferee assumes all of the
obligations of the applicable Note Holder hereunder with respect to such Note thereafter accruing and agrees to be bound by the
terms of this Agreement, including the applicable restriction on Transfers set forth in Section 14, from and after the date of
such assignment. No transfer of a Note may be made unless it is registered on the Note Register, and the Agent shall not recognize
any attempted or purported transfer of any Note in violation of the provisions of Section 14 and this Section 15. Any such purported
transfer shall be absolutely null and void and shall vest no rights in the purported transferee. Each Note Holder desiring to
effect such transfer shall, and does hereby agree to, indemnify the Agent and the other Note Holder against any liability that
may result if the transfer is not made in accordance with the provisions of this Agreement.

 

Section
16.        Governing Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING
UNDER OR RELATED TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT
OF THE RIGHTS AND OBLIGATIONS OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL
LAWS AND DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF (OTHER THAN SECTION 5-1401 OF THE
NEW YORK GENERAL OBLIGATIONS LAW). EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

Section
17.        Submission To Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally:

 

(a)          SUBMITS
FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, OR FOR RECOGNITION AND ENFORCEMENT OF
ANY JUDGMENT IN RESPECT THEREOF, TO THE NON-EXCLUSIVE GENERAL JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK, THE FEDERAL
COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE COURTS FROM ANY THEREOF;

 

(b)          CONSENTS
THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH COURTS AND, TO THE EXTENT PERMITTED BY LAW, WAIVES ANY OBJECTION THAT
IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION OR PROCEEDING
WAS BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME;

 

    39

     

    

 

(c)          AGREES
THAT SERVICE OF PROCESS IN ANY SUCH ACTION OR PROCEEDING MAY BE EFFECTED BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED
MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL), POSTAGE PREPAID, TO ITS ADDRESS SET FORTH HEREIN OR AT SUCH OTHER ADDRESS OF
WHICH A PARTY HEREIN SHALL HAVE BEEN NOTIFIED; AND

 

(d)          AGREES
THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR SHALL LIMIT THE
RIGHT TO SUE IN ANY OTHER JURISDICTION.

 

Section
18.       Modifications. This Agreement shall not be modified, cancelled or terminated except by an instrument
in writing signed by the Note A-1 Holder and the Note A-2 Holder. Additionally, for as long as any Note is contained in a Securitization
Trust, the Note Holders shall not amend or modify this Agreement without first receiving a Rating Agency Confirmation from each
Rating Agency then rating securities backed by a Note; provided that no such Rating Agency Confirmation shall be required in connection
with a modification or amendment (i) to cure any ambiguity, (ii) to correct or supplement any provisions herein that may be defective
or inconsistent with any other provisions of this Agreement, the Lead Securitization Servicing Agreement or the final disclosure
documents relating to the Lead Securitization, or (iii) entered into pursuant to Section 31 of this Agreement.

 

Section
19.      Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be
binding upon the parties hereto and their respective successors and assigns. Except as provided herein, including without limitation,
with respect to the Trustee, Certificate Administrator, Master Servicer, Special Servicer, Non-Lead Master Servicer, Non-Lead
Special Servicer, Non-Lead Trustee, none of the provisions of this Agreement shall be for the benefit of or enforceable by any
Person not a party hereto. Subject to Section 14 and Section 15, each Note Holder may assign or delegate its rights or obligations
under this Agreement. Upon any such assignment, the assignee shall be entitled to all rights and benefits of the applicable Note
Holder hereunder.

 

Section
20.      Counterparts. This Agreement may be executed in any number of counterparts and all of such counterparts
shall together constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement
in Portable Document Format (PDF) or by facsimile transmission shall be effective as delivery of a manually executed original
counterpart of this Agreement.

 

Section
21.      Captions. The titles and headings of the paragraphs of this Agreement have been inserted for convenience
of reference only and are not intended to summarize or otherwise describe the subject matter of the paragraphs and shall not be
given any consideration in the construction of this Agreement.

 

Section
22.       Severability. Wherever possible, each provision of this Agreement shall be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under
applicable laws, such

 

    40

     

    

 

provision
shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or
the remaining provisions of this Agreement.

 

Section
23.      Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect
to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between
the parties.

 

Section
24.       Withholding Taxes. (a) If the Lead Securitization Note Holder or the Mortgage Loan Borrower shall be required
by law to deduct and withhold Taxes from interest, fees or other amounts payable to the Non-Lead Securitization Note Holder with
respect to the Mortgage Loan as a result of the Non-Lead Securitization Note Holder constituting a Non-Exempt Person, the Lead
Securitization Note Holder, in its capacity as servicer, shall be entitled to do so with respect to the Non-Lead Securitization
Note Holder’s interest in such payment (all withheld amounts being deemed paid to such Note Holder), provided that
the Lead Securitization Note Holder shall furnish the Non-Lead Securitization Note Holder with a statement setting forth the amount
of Taxes withheld, the applicable rate and other information which may reasonably be requested for purposes of assisting such
Note Holder to seek any allowable credits or deductions for the Taxes so withheld in each jurisdiction in which such Note Holder
is subject to tax.

 

(b)          The
Non-Lead Securitization Note Holder shall and hereby agrees to indemnify the Lead Securitization Note Holder against and hold
the Lead Securitization Note Holder harmless from and against any Taxes, interest, penalties and attorneys’ fees and disbursements
arising or resulting from any failure of the Lead Securitization Note Holder to withhold Taxes from payment made to the Non-Lead
Securitization Note Holder in reliance upon any representation, certificate, statement, document or instrument made or provided
by the Non-Lead Securitization Note Holder to the Lead Securitization Note Holder in connection with the obligation of the Lead
Securitization Note Holder to withhold Taxes from payments made to Non-Lead Securitization Note Holder, it being expressly understood
and agreed that (i) the Lead Securitization Note Holder shall be absolutely and unconditionally entitled to accept any such representation,
certificate, statement, document or instrument as being true and correct in all respects and to fully rely thereon without any
obligation or responsibility to investigate or to make any inquiries with respect to the accuracy, veracity, correctness or validity
of the same and (ii) the Non-Lead Securitization Note Holder, upon request of the Lead Securitization Note Holder and at its sole
cost and expense, shall defend any claim or action relating to the foregoing indemnification using counsel selected by the Lead
Securitization Note Holder.

 

(c)          The
Non-Lead Securitization Note Holder represents to the Lead Securitization Note Holder (for the benefit of the Mortgage Loan Borrower)
that it is not a Non-Exempt Person and that neither the Lead Securitization Note Holder nor the Mortgage Loan Borrower is obligated
under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise pursuant to this Agreement.
Contemporaneously with the execution of this Agreement and from time to time as necessary during the term of this Agreement, the
Non-Lead Securitization Note Holder shall deliver to the Lead Securitization Note Holder or Servicer, as applicable, evidence
satisfactory to the Lead Securitization Note

 

    41

     

    

 

Holder
substantiating that such Note Holder is not a Non-Exempt Person and that the Lead Securitization Note Holder is not obligated
under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise under this Agreement.
Without limiting the effect of the foregoing, (i) if the Non-Lead Securitization Note Holder is created or organized under the
laws of the United States, any state thereof or the District of Columbia, it shall satisfy the requirements of the preceding sentence
by furnishing to the Lead Securitization Note Holder an Internal Revenue Service Form W-9 and (ii) if the Non-Lead Securitization
Note Holder is not created or organized under the laws of the United States, any state thereof or the District of Columbia, and
if the payment of interest or other amounts by the Mortgage Loan Borrower is treated for United States income tax purposes as
derived in whole or part from sources within the United States, such Note Holder shall satisfy the requirements of the preceding
sentence by furnishing to the Lead Securitization Note Holder Internal Revenue Service Form W-8ECI, Form W-8IMY (with appropriate
attachments) or Form W-8BEN, or successor forms, as may be required from time to time, duly executed by such Note Holder, as evidence
of such Note Holder’s exemption from the withholding of United States tax with respect thereto. The Lead Securitization
Note Holder shall not be obligated to make any payment hereunder with respect to the Non-Lead Securitization Note or otherwise
until the Non-Lead Securitization Note Holder shall have furnished to the Lead Securitization Note Holder requested forms, certificates,
statements or documents.

 

Section
25.       Custody of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than
the Non-Lead Securitization Note) (a) prior to the Lead Securitization will be held by the Initial Agent and (b) after the Lead
Securitization, will be held by the Lead Securitization Note Holder (in the name of the Trustee and held by a duly appointed custodian
therefor in accordance with the Lead Securitization Servicing Agreement), in each case, on behalf of the registered holders of
the Notes.

 

Section
26.        Cooperation in Securitization.

 

(a)          Each
Note Holder acknowledges that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization. In connection
with a Securitization and subject to the terms of the preceding sentence, at the request of the Lead Securitization Note Holder,
the Non-Lead Securitization Note Holder shall use reasonable efforts, at Lead Securitization Note Holder’s expense, to satisfy,
and to cooperate with the Lead Securitization Note Holder in attempting to cause the Mortgage Loan Borrower to satisfy, the market
standards to which the Lead Securitization Note Holder customarily adheres or which may be reasonably required in the marketplace
or by the Rating Agencies in connection with the Securitization, including, entering into (or consenting to, as applicable) any
modifications to this Agreement or the Mortgage Loan Documents and to cooperate with the Lead Securitization Note Holder in attempting
to cause the Mortgage Loan Borrower to execute such modifications to the Mortgage Loan Documents, in any such case, as may be
reasonably requested by the Rating Agencies to effect the Securitization; provided, however, that either in connection
with the Lead Securitization or otherwise at any time prior to the Lead Securitization, the Non-Lead Securitization Note Holder
shall not be required to modify or amend this Agreement or any Mortgage Loan Documents (or consent to such modification, as applicable)
in connection therewith, if such modification or amendment would (i) change the interest allocable to, or the amount of any payments
due to or priority of such payments to, the Non-Lead Securitization

 

    42

     

    

 

Note
Holder or (ii) materially increase the Non-Lead Securitization Note Holders’ obligations or materially decrease the Non-Lead
Securitization Note Holders’ rights, remedies or protections. In connection with the Lead Securitization, Non-Lead Securitization
Note Holder agrees to provide for inclusion in any disclosure document relating to the Lead Securitization such information concerning
the Non-Lead Securitization Note Holder and the Non-Lead Securitization Note as the Lead Securitization Note Holder reasonably
determines to be necessary or appropriate, and the Non-Lead Securitization Note Holder covenants and agrees that it shall, at
the Lead Securitization Note Holder’s expense, cooperate with the reasonable requests of each Rating Agency and Lead Securitization
Note Holder in connection with the Lead Securitization (including, without limitation, reasonably cooperating with the Lead Securitization
Noteholder (without any obligation to make additional representations and warranties) to enable the Lead Securitization Noteholder
to make all necessary certifications and deliver all necessary opinions (including customary securities law opinions) in connection
with the Mortgage Loan and the Lead Securitization), as well as in connection with all other matters and the preparation of any
offering documents thereof and to review and respond reasonably promptly with respect to any information relating to the Non-Lead
Securitization Note Holder and the Non-Lead Securitization Note in any Securitization document. The Non-Lead Securitization Note
Holder acknowledges that the information provided by it to the Lead Securitization Note Holder may be incorporated into the offering
documents for the Lead Securitization. The Lead Securitization Note Holder and each Rating Agency shall be entitled to rely on
the information supplied by, or on behalf of, the Non-Lead Securitization Note Holder. The Lead Securitization Note Holder will
reasonably cooperate with the Non-Lead Securitization Note Holder by providing all information reasonably requested that is in
the Lead Securitization Note Holder’s possession in connection with the Non-Lead Securitization Note Holders’ preparation
of disclosure materials in connection with a Securitization.

 

Upon
request, the Lead Securitization Note Holder shall deliver to the Non-Lead Securitization Note Holder drafts of the preliminary
and final Lead Securitization offering memoranda, prospectus supplement, free writing prospectus and any other disclosure documents
and the Lead Securitization Servicing Agreement and provide reasonable opportunity to review and comment on such documents.

 

Section
27.      Notices. All notices required hereunder shall be given by (i) telephone (confirmed promptly in writing) or shall
be in writing and personally delivered, (ii) sent by facsimile transmission (during business hours) if the sender on the same
day sends a confirming copy of such notice by reputable overnight delivery service (charges prepaid), (iii) reputable overnight
delivery service (charges prepaid) or (iv) certified United States mail, postage prepaid return receipt requested, and addressed
to the respective parties at their addresses set forth on Exhibit B hereto, or at such other address as any party shall hereafter
inform the other party by written notice given as aforesaid. All written notices so given shall be deemed effective upon receipt.

 

Section
28.       Broker. Each Note Holder represents to each other that no broker was responsible for bringing about
this transaction.

 

    43

     

    

 

Section
29.        Certain Matters Affecting the Agent.

 

(a)          The
Agent may request and/or rely upon and shall be protected in acting or refraining from acting upon any officer’s certificate
or assignment and assumption agreement delivered to the Agent pursuant to Section 14 and Section 15;

 

(b)          The
Agent may consult with counsel and any opinion of counsel shall be full and complete authorization and protection in respect of
any action taken or suffered or omitted by it hereunder in good faith and in accordance with such opinion of counsel;

 

(c)          The
Agent shall be under no obligation to institute, conduct or defend any litigation hereunder or in relation hereto at the request,
order or direction of any Note Holder pursuant to the provisions of this Agreement, unless it has received indemnity reasonably
satisfactory to it;

 

(d)          The
Agent or any of its directors, officers, employees, Affiliates, agents or “control” persons within the meaning of
the Act, shall not be personally liable for any action taken, suffered or omitted by it in good faith and reasonably believed
by the Agent to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;

 

(e)          The
Agent shall not be bound to make any investigation into the facts or matters stated in any officer’s certificate or assignment
and assumption agreement delivered to the Agent pursuant to Section 15;

 

(f)           The
Agent may execute any of the powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys
but shall not be relieved of its obligations hereunder; and

 

(g)          The
Agent represents and warrants that it is a Qualified Institutional Lender.

 

Section
30.   Termination and Resignation of Agent.

 

(a)          The
Agent may be terminated at any time upon ten (10) days prior written notice from the Lead Securitization Note Holder. In the event
that the Agent is terminated pursuant to this Section 30, all of its rights and obligations under this Agreement shall be terminated,
other than any rights or obligations that accrued prior to the date of such termination.

 

(b)          The
Agent may resign at any time on ten (10) days’ prior notice, so long as a successor Agent, reasonably satisfactory to the
Note Holders (it being agreed that a Servicer, the Trustee or a Certificate Administrator in a Securitization is satisfactory
to the Note Holders), has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. Starwood, as Initial
Agent, may transfer its rights and obligations to a Servicer, the Trustee or the Certificate Administrator, as successor Agent,
at any time without the consent of any Note Holder. Notwithstanding the foregoing, Note Holders hereby agree that, simultaneously
with the closing of the Lead Securitization, the Certificate Administrator shall be deemed to have been automatically appointed
as the successor Agent under this Agreement

 

    44

     

    

 

in
place of Starwood without any further notice or other action. The termination or resignation of such Certificate Administrator,
as Certificate Administrator under the Lead Securitization Servicing Agreement, shall be deemed a termination or resignation of
such Certificate Administrator as Agent under this Agreement.

 

Section
31.      Resizing. Notwithstanding any other provision of this Agreement, for so long as Starwood or an affiliate
thereof (a “Starwood Entity”) is the owner of a Note or a portion thereof that has not been sold pursuant to
a Securitization (such Note or portion thereof, the “Owned Note”), such Starwood Entity shall have the right,
subject to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower to execute amended and restated notes
or additional notes (in either case, “New Notes”) reallocating the principal of the Owned Note to such New
Notes; or severing the Owned Note into one or more further “component” notes in the aggregate principal amount equal
to the then outstanding principal balance of the Owned Note provided that (i) the aggregate principal balance of all outstanding
New Notes following such amendments is no greater than the aggregate principal of the Owned Note prior to such amendments, (ii)
all Notes continue to have the same weighted average interest rate as the Notes prior to such amendments, (iii) all Notes pay
pro rata and on a pari passu basis and such reallocated or component notes shall be automatically subject to the
terms of this Agreement, (iv) the Starwood Entity holding the New Notes shall notify the Lead Securitization Note Holder, the
Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee in writing of such modified allocations and
principal amounts, and (v) the execution of such amendments and New Notes does not violate the Servicing Standard. If the Lead
Securitization Note Holder so requests, the Starwood Entity holding the New Notes (and any subsequent holder of such Notes) shall
execute a confirmation of the continuing applicability of this Agreement to the New Notes, as so modified. Except for the foregoing
reallocation and for modifications pursuant to the Lead Securitization Servicing Agreement (as discussed in Section 5), no Note
may be modified or amended without the consent of its holder and the consent of the holder of the other Note. In connection with
the foregoing (provided the conditions set forth in (i) through (v) above are satisfied, with respect to (i) through (iv), as
certified by the Starwood Entity, on which certification the Master Servicer can rely), the Master Servicer is hereby authorized
and directed to execute amendments to the Mortgage Loan Documents and this Agreement on behalf of any or all of the Note Holders,
as applicable, solely for the purpose of reflecting such reallocation of principal. If more than one New Note is created hereunder,
for purposes of exercising the rights of the Non-Controlling Note Holder hereunder, the “Non-Controlling Note Holder”
of such New Notes shall be as provided in the definition of such term in this Agreement.

 

Section
32.      Statement of Intent. The Agent and each Noteholder intend that the Notes be classified and maintained as
a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning
of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It
is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool”
or association taxable as a corporation among the parties.

 

[SIGNATURE
PAGE FOLLOWS]

 

    45

     

    

 

IN
WITNESS WHEREOF, the Initial Note Holders have caused this Agreement to be duly executed as of the day and year first above written.

 

	 	STARWOOD
                    MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Initial Note A-1 Holder

	 	 	 
	 	By:	/s/ Grace
    Y. Chiang
	 	 	Name: Grace Y. Chiang
	 	 	Title: Vice President

 

	 	STARWOOD MORTGAGE CAPITAL LLC,
    a Delaware limited liability company, as Initial Note A-2 Holder

	 	 	 
	 	By:	/s/ Grace
    Y. Chiang
	 	 	Name: Grace Y. Chiang
	 	 	Title: Vice President

 

(Co-Lender
Agreement – Visions Hotel Portfolio) 

 

    

     

    

 

EXHIBIT
A

MORTGAGE LOAN SCHEDULE

 

Description
of Mortgage Loan

 

	Mortgage
    Loan Borrower:	See
    Annex A attached hereto
	Date
    of Mortgage Loan:	August
    23, 2017
	Date
    of Notes:	August
    23, 2017
	Original
    Principal Amount of Mortgage Loan:	$54,350,000
	Principal
    Amount of Mortgage Loan as of the date hereof:	$54,350,000
	Initial
    Note A-1 Principal Balance:	$34,400,000
	Initial
    Note A-2 Principal Balance:	$19,950,000
	Location
    of Mortgaged Property:	See
    Annex B attached hereto
	Initial
    Maturity Date:	September
    6, 2027

 

    A-1

     

    

 

EXHIBIT
B

 

1.       Initial
Note A-1 Holder:

 

(Prior
to Securitization of Note A-1):

 

STARWOOD
MORTGAGE CAPITAL LLC

Notice Address:

Starwood Mortgage Capital LLC

1601 Washington Avenue, Suite 800

Miami Beach, Florida 33139

Attention: Ms. Leslie K. Fairbanks

Facsimile No. (305) 695-5539

 

with
a copy to:

Wells Fargo Commercial Mortgage Services

Duke Energy Center

550 South Tryon St., 12th Floor

MAC D1086-120

Charlotte, North Carolina 28202

Attention: Asset Manager – Starwood Mortgage Capital

Facsimile No.: (704) 715-0036

 

    B-1

     

    

 

2.       Initial
Note A-2 Holder:

 

(Prior
to Securitization of Note A-2):

 

STARWOOD
MORTGAGE CAPITAL LLC

Notice Address:

Starwood Mortgage Capital LLC

1601 Washington Avenue, Suite 800

Miami Beach, Florida 33139

Attention: Ms. Leslie K. Fairbanks

Facsimile No. (305) 695-5539

 

with
a copy to:

Wells Fargo Commercial Mortgage Services

Duke Energy Center

550 South Tryon St., 12th Floor

MAC D1086-120

Charlotte, North Carolina 28202

Attention: Asset Manager – Starwood Mortgage Capital

Facsimile No.: (704) 715-0036

 

    B-2

     

    

 

EXHIBIT
C

PERMITTED FUND MANAGERS

 

		1.	Apollo
                                         Global Real Estate

		2.	Archon
                                         Capital, L.P.

		3.	AREA
                                         Property Partners

		4.	BlackRock,
                                         Inc.

		5.	The
                                         Blackstone Group International Ltd.

		6.	Capital
                                         Trust, Inc.

		7.	Clarion
                                         Partners

		8.	Colony
                                         Capital, Inc.

		9.	DLJ
                                         Real Estate Capital Partners

		10.	Fortress
                                         Investment Group LLC

		11.	Garrison
                                         Investment Group

		12.	Goldman,
                                         Sachs & Co.

		13.	iStar
                                         Financial Inc.

		14.	J.E.
                                         Roberts Companies

		15.	Lend-Lease
                                         Real Estate Investments

		16.	LoanCore
                                         Capital

		17.	Lonestar
                                         Funds

		18.	Praedium
                                         Group

		19.	Raith
                                         Capital Partners, LLC

		20.	Rialto
                                         Capital Management, LLC

		21.	Rockpoint
                                         Group

		22.	Starwood
                                         Capital/Starwood Financial Trust

		23.	Torchlight
                                         Investors

		24.	Walton
                                         Street Capital, LLC

		25.	Westbrook
                                         Partners

		26.	WestRiver
                                         Capital

		27.	Whitehall
                                         Street Real Estate Fund, L.P.

 

    C-1

     

    

 

ANNEX
A

 

BORROWERS

 

		1.	Corning
                                         Lodging Ventures LLC

		2.	Binghamton
                                         Hotel Ventures LLC

		3.	Greece
                                         Hotel Ventures LLC

		4.	Henrietta
                                         Hotel Ventures LLC

		5.	Potsdam
                                         Hotel Associates LLC

		6.	East
                                         Aurora Lodging Associates LLC

		7.	Buffalo
                                         Hotel Associates, LLC

		8.	Olean
                                         Hotel Group LLC

		9.	Albany
                                         Lodging Group LLC

		10.	Marsh
                                         Enterprises, LLC

 

    A-1

     

    

 

ANNEX
B

 

PROPERTY
LOCATIONS

 

		1.	Fairfield
                                         Inn Corning Riverside – Corning, New York

		2.	Fairfield
                                         Inn Binghamton – Binghamton, New York

		3.	Fairfield
                                         Inn Rochester West/Greece – Rochester, New York

		4.	Fairfield
                                         Inn Rochester South (Henrietta) – Henrietta, New York

		5.	Hampton
                                         Inn Potsdam – Potsdam, New York

		6.	Hampton
                                         Inn & Suites East Aurora – East Aurora, New York

		7.	Hampton
                                         Inn Express & Suites Buffalo – Buffalo, New York

		8.	Fairfield
                                         Inn & Suites Olean – Olean, New York

		9.	Fairfield
                                         Inn Albany – Albany, New York

		10.	Hampton
                                         Inn & Suites Utica – Utica, New York

 

    B-1Exhibit 4.17

 

EXECUTION
VERSION

 

WELLS FARGO BANK,

NATIONAL ASSOCIATION,

Master Servicer

 

and

 

KEYBANK NATIONAL ASSOCIATION,

Primary Servicer 

 

PRIMARY SERVICING AGREEMENT

Dated as of October 1, 2017 

 

Morgan Stanley Bank of America Merrill Lynch
Trust 2017-C34,

Commercial Mortgage Pass-Through Certificates

Series 2017-C34

 

    

     

    

 

TABLE
OF CONTENTS

 

	 	 	 	Page
	ARTICLE I           DEFINITIONS	1
	 	Section 1.01	Defined Terms	1
	ARTICLE II         MASTER
    SERVICER’S ENGAGEMENT OF PRIMARY SERVICER TO PERFORM SERVICING RESPONSIBILITIES	2
	 	Section 2.01	Contract for Servicing; Possession of Mortgage Loan Documents	2
	 	Section 2.02	Notice of Breach of Representations and Warranties	3
	ARTICLE III SERVICING OF THE MORTGAGE LOANS AND THE SERVICED COMPANION LOANS	3
	 	Section 3.01	Primary Servicer to Service	3
	 	Section 3.02	Merger or Consolidation of the Primary Servicer	16
	 	Section 3.03	Limitation on Liability of the Primary Servicer and Others	16
	 	Section 3.04	Primary Servicer Not to Resign	17
	 	Section 3.05	No Transfer or Assignment of Servicing	17
	 	Section 3.06	Indemnification	18
	ARTICLE IV DEFAULT	18
	 	Section 4.01	Events of Default	18
	 	Section 4.02	Waiver of Defaults	21
	 	Section 4.03	Other Remedies of Master Servicer	21
	ARTICLE V          TERMINATION	21
	 	Section 5.01	Termination	22
	 	Section 5.02	Termination With Cause	22
	 	Section 5.03	Termination of Duties with Respect to Specially Serviced Loans	22
	ARTICLE VI MISCELLANEOUS	22
	 	Section 6.01	Successor to the Primary Servicer	22
	 	Section 6.02	Financial Statements	23
	 	Section 6.03	Closing	23
	 	Section 6.04	Closing Documents	23
	 	Section 6.05	Notices	24

 

    ii

     

    

 

TABLE
OF CONTENTS

(continued)

 

	 	 	Page
	Section 6.06	Severability Clause	25
	Section 6.07	Counterparts	25
	Section 6.08	Governing Law	25
	Section 6.09	Protection of Privileged Information	25
	Section 6.10	Intention of the Parties	25
	Section 6.11	Third Party Beneficiary	26
	Section 6.12	Successors and Assigns; Assignment of Agreement	26
	Section 6.13	Waivers	26
	Section 6.14	Exhibits	26
	Section 6.15	General Interpretive Principles	26
	Section 6.16	Complete Agreement	26
	Section 6.17	Further Agreement	27
	Section 6.18	Amendments	27

 

    iii

     

    

 

	EXHIBIT A MORTGAGE LOAN SCHEDULE	A-1
	EXHIBIT B PRIMARY SERVICER’S OFFICER’S
    CERTIFICATE	B-1
	EXHIBIT C POOLING AND SERVICING AGREEMENT	C-1
	EXHIBIT D RESERVED	 
	EXHIBIT E QUARTERLY SERVICING CERTIFICATION	E-1
	EXHIBIT F FORM OF ACCOUNT CERTIFICATION	F-1
	EXHIBIT G FORM OF COLLECTION REPORT	G-1
	EXHIBIT H FORM OF CERTIFICATE OF INSURANCE	H-1
	EXHIBIT I NEW LEASE INFORMATION	I-1
	EXHIBIT J MONTHLY SERVICING ACCOUNTS CERTIFICATION	J-1

 

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This is a Primary
Servicing Agreement (the “Agreement”), dated as of October 1, 2017, by and between KEYBANK NATIONAL ASSOCIATION,
having an office at 11501 Outlook Street, Suite 300, Overland Park, Kansas 66211, and its successors and assigns (the “Primary
Servicer”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, having an office at c/o Commercial Mortgage Servicing, MAC D1050-084,
Three Wells Fargo, 401 South Tryon Street, 8th Floor, Charlotte, North Carolina 28202, and its successors and assigns
(the “Master Servicer”). 

 

WITNESSETH:

 

WHEREAS, Banc of America
Merrill Lynch Commercial Mortgage Inc., as depositor (the “Depositor”), LNR Partners, LLC, as special servicer
(the “Special Servicer”), Wilmington Trust, National Association, as trustee (the “Trustee”),
Wells Fargo Bank, National Association, as certificate administrator (the “Certificate Administrator”), Park
Bridge Lender Services LLC, as operating advisor (in such capacity, the “Operating Advisor”) and as asset representations
reviewer (in such capacity, the “Asset Representations Reviewer”), and the Master Servicer have entered into
that certain Pooling and Servicing Agreement dated as of October 1, 2017, as amended, modified and restated from time to time (the
“Pooling and Servicing Agreement”), whereby the Master Servicer shall service certain mortgage loans and related
companion loans on behalf of the Trustee;

 

WHEREAS, Section
3.20 of the Pooling and Servicing Agreement authorizes the Master Servicer to enter into this agreement with the Primary Servicer
whereby the Primary Servicer shall service the mortgage loan or mortgage loans, as applicable, listed on Exhibit A
(the “Mortgage Loan Schedule”) attached hereto (herein referred to as the “Mortgage Loans”)
and the American Cancer Society Serviced Pari Passu Companion Loan and the OKC Outlets Serviced Pari Passu Companion Loan (the
“Serviced Companion Loans”) on behalf of the Master Servicer.

 

NOW, THEREFORE, in
consideration of the mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, the Master Servicer and the Primary Servicer hereby agree as follows:

 

ARTICLE I

DEFINITIONS 

 

Section
1.01          
Defined Terms.

 

Unless otherwise specified
in this Agreement, all capitalized terms not otherwise defined herein shall have the meanings set forth in the Pooling and Servicing
Agreement. As used herein, the following terms have the meanings assigned to them in this Section 1.01:

 

“Collection
Report” shall mean the monthly report prepared by the Primary Servicer setting forth, with respect to each Mortgage Loan
and Serviced Companion Loan and the most recently ended Collection Period prior to the due date of such report, the information
described

 

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on
Exhibit G attached hereto.

 

“Mortgage Loans” shall have the
meaning specified in the recitals hereto.

 

“Mortgage Loan Schedule” shall
have the meaning specified in the recitals hereto.

 

“Primary Servicer
Collection Account” shall have the meaning set forth in Section 3.01(c)(7) of this Agreement.

 

“Primary Servicer
Remittance Amount” shall mean, with respect to any date and with respect to the Mortgage Loans and the Serviced Companion
Loans, an amount equal to, without duplication, (a) the sum of (i) the aggregate of the amounts on deposit attributable to the
Mortgage Loans and the Serviced Companion Loans in the Primary Servicer Collection Account as of such date, (ii) if and to the
extent not included in the amount referred to in subclause (a)(i), the aggregate amount transferred from the REO Account (if established)
to the Primary Servicer as of such date, to the extent not previously remitted to the Master Servicer, (iii) the aggregate of all
other amounts received with respect to the Mortgage Loans and the Serviced Companion Loans as of such date to the extent not previously
remitted to the Master Servicer, and (iv) if and to the extent not previously remitted to the Master Servicer, any amounts deposited
by the Primary Servicer pursuant to Section 3.01(c)(23) of this Agreement; net of (b) the portion of the amount described
in subclause (a) of this definition that represents one or more of the following: (i) Escrow Payments or (ii) any amounts that
the Primary Servicer is entitled to retain as compensation pursuant to Section 3.11 of the Pooling and Servicing Agreement
as incorporated herein pursuant to Section 3.01(c)(18) of this Agreement.

 

“Primary Servicer
Remittance Date” shall mean the first Business Day after each Determination Date.

 

“Primary Servicer
Reporting Date” shall mean the first Business Day after each Determination Date.

 

“Primary Servicer
Serviced Whole Loan Remittance Date” shall mean, with respect to any Serviced Companion Loan, the Determination Date.

 

“Primary Servicing
Fee” shall mean, with respect to each Mortgage Loan and Serviced Companion Loan and related REO Loan, the fee payable
to the Primary Servicer pursuant to Section 3.01(c)(18) of this Agreement.

 

“Primary Servicing
Fee Rate” shall mean, with respect to each Mortgage Loan and Serviced Companion Loan, the rate that corresponds to such
Mortgage Loan and Serviced Companion Loan set forth on Exhibit A hereto under
the heading “Primary Servicing Fee.”

 

“Serviced
Companion Loans” shall have the meaning specified in the recitals hereto.

 

“Serviced
Whole Loans” shall mean each of (i) the American Cancer Society Serviced Pari Passu Companion Loan together with the
related Mortgage Loan and (ii) the OKC Outlets

 

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Serviced
Pari Passu Companion Loan together with the related Mortgage Loan.

 

ARTICLE
II

 

MASTER SERVICER’S ENGAGEMENT OF PRIMARY
SERVICER

TO PERFORM SERVICING RESPONSIBILITIES

 

Section 2.01          
Contract for Servicing; Possession of Mortgage Loan Documents.

 

The Master Servicer,
by execution and delivery of this Agreement, does hereby contract with the Primary Servicer, subject to the terms of this Agreement,
for the servicing of the Mortgage Loans and the Serviced Companion Loans. On and after the Closing Date, the Primary Servicer shall
hold any portion of the Servicing File or the Mortgage File (including without limitation, any original letter of credit) in the
possession of the Primary Servicer in trust by the Primary Servicer, on behalf of the Master Servicer for the benefit of the Certificateholders.
The Primary Servicer’s possession of any portion of the Servicing File or the Mortgage File shall be at the will of the Master
Servicer and the Trustee for the sole purpose of facilitating the servicing or the supervision of servicing of the related Mortgage
Loan and Serviced Companion Loan pursuant to this Agreement, and such retention and possession by the Primary Servicer shall be
in a custodial capacity only. Any portion of the Servicing File or the Mortgage File retained by the Primary Servicer shall be
identified to reflect clearly the ownership of the related Mortgage Loan by the Trustee. The Primary Servicer shall release from
its custody any Servicing File or any Mortgage File retained by it only in accordance with this Agreement and the Pooling and Servicing
Agreement. The Primary Servicer shall hold the original of each letter of credit relating to a Mortgage Loan in trust on behalf
of the Trust in order to draw on such letter of credit on behalf of the Trust. The Primary Servicer shall forward a copy of each
letter of credit to the Master Servicer. During the term of this Agreement, the Primary Servicer will also provide to the Master
Servicer a copy of any lease, amendments to Mortgage Loan documents and other documents related to the Mortgaged Property securing
the related Mortgage Loan (and the related Serviced Companion Loan) or related to the Mortgage Loan (and the related Serviced Companion
Loan) as soon as possible after receipt or execution thereof, as applicable.

 

Section
2.02          
Notice of Breach of Representations and Warranties.

 

Following its receipt
from the Depositor, the Master Servicer shall provide a copy of the applicable Mortgage Loan Purchase Agreement to the Primary
Servicer. The Primary Servicer shall promptly notify in writing the Master Servicer upon becoming aware of any breach of any representations
and warranties contained in such Mortgage Loan Purchase Agreement or a document defect that could give rise to a cure or repurchase
obligation. The Primary Servicer shall reasonably cooperate with the Master Servicer in pursuing its obligations to make a repurchase
claim against the related Mortgage Loan Seller. The Primary Servicer shall notify the Master Servicer in writing within five (5)
Business Days after the Primary Servicer discovers or receives notice alleging a Defect or a Breach or receives notice of a 15Ga-1
Repurchase Request. The Primary Servicer shall promptly, but in no event later than five (5) Business Days after receipt, provide
to the Master Servicer a copy of any written 15Ga-1 Repurchase Request,

 

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withdrawal
of a 15Ga-1 Repurchase Request, or rejection of a 15Ga-1 Repurchase Request received by the Primary Servicer and such other information
in the possession of the Primary Servicer reasonably requested by the Master Servicer to fulfill its obligations under Section
2.02(g) and Section 2.03 of the Pooling and Servicing Agreement.

 

ARTICLE III

 

SERVICING
OF THE MORTGAGE LOANS AND THE SERVICED COMPANION LOANS

 

Section
3.01          
Primary Servicer to Service.

 

(a)          
The Primary Servicer, as an independent contractor, shall service and administer the Mortgage Loans and the Serviced Companion
Loans in a manner consistent with the Servicing Standard under the Pooling and Servicing Agreement and, in the case of the Serviced
Companion Loans, as a collective whole with the related Mortgage Loan, taking into account the pari passu nature of such Serviced
Companion Loans.

 

(b)          
The Primary Servicer shall perform, on behalf of the Master Servicer, all of the obligations of the Master Servicer (with
respect to the Mortgage Loans and the Serviced Companion Loans subject to this Agreement) as set forth in those sections of the
Pooling and Servicing Agreement specifically incorporated herein pursuant to Section 3.01(c) of this Agreement (the “Incorporated
Sections”), as modified by Section 3.01(c) of this Agreement, and the Master Servicer shall have the same rights
with respect to the Primary Servicer that the Trustee, the Certificate Administrator, the Custodian, the Depositor, the Initial
Purchasers, the Directing Certificateholder, the Controlling Class Certificateholder, the Operating Advisor, the Asset Representations
Reviewer, the Rating Agencies, the Underwriters, the 17g-5 Information Provider, the Serviced Companion Noteholder, the Companion
Paying Agent, the Certificateholders and the Special Servicer (including, without limitation, the right of the Special Servicer
to direct the Master Servicer during certain periods) have with respect to the Master Servicer under the Pooling and Servicing
Agreement to the extent that the Primary Servicer is acting on behalf of the Master Servicer hereunder and except as otherwise
set forth herein. Without limiting the foregoing, and subject to Section 3.19 of the Pooling and Servicing Agreement as
modified herein, the Primary Servicer shall service and administer all of the Mortgage Loans and Serviced Companion Loans that
are not Specially Serviced Loans; provided, however, that the Primary Servicer shall continue to receive payments (and provide
notice to the Master Servicer of such payments), collect information and prepare and deliver reports to the Master Servicer required
hereunder with respect to any Specially Serviced Loans and REO Properties (and the related REO Loans), and render such incidental
services with respect to any Specially Serviced Loans and REO Properties as and to the extent as may be specifically provided for
herein. All references herein to the respective duties of the Primary Servicer and the Special Servicer, and to the areas in which
they may exercise discretion, shall be subject to Section 3.19 of the Pooling and Servicing Agreement, as modified herein,
and to the Special Servicer’s rights to service Specially Serviced Loans. Except as otherwise set forth below, for purposes
of this Agreement, (i) references to the Trustee, the Certificate Administrator, the Custodian, the Depositor, the Special Servicer,
the Initial Purchasers, the

 

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Directing
Certificateholder, the Underwriters, the Operating Advisor, the Asset Representations Reviewer, the Rating Agencies, the Controlling
Class Certificateholder, the 17g-5 Information Provider, the Serviced Companion Noteholder, the Companion Paying Agent and the
Certificateholders in the Incorporated Sections (and in the defined terms used therein) shall be deemed to be references to the
Master Servicer hereunder, (ii) references to the Master Servicer in the Incorporated Sections (and in the defined terms used
therein) shall be deemed to be references to the Primary Servicer hereunder, (iii) references to the Mortgage Loans, as defined
in the Pooling and Servicing Agreement, in the Incorporated Sections (and in the defined terms used therein) shall be deemed to
be references to the Mortgage Loans in this Agreement and (iv) references to the Serviced Companion Loans and Serviced Pari Passu
Companion Loans, each as defined in the Pooling and Servicing Agreement, in the Incorporated Sections (and in the defined terms
used therein) shall be deemed to be references to the Serviced Companion Loans in this Agreement (such modification of the Incorporated
Sections (and in the defined terms used therein) pursuant to clauses (i), (ii), (iii) and (iv) of this sentence shall be referred
to herein as the “References Modification”). In each case where the Master Servicer is given any power to act
under the provisions of the Incorporated Sections, such power is hereby delegated to the Primary Servicer to the extent necessary
to perform its obligations under this Agreement and subject to the restrictions contained in this Agreement. With respect to all
servicing responsibilities of the Master Servicer under the Pooling and Servicing Agreement which are not being performed by the
Primary Servicer under this Agreement, the Primary Servicer shall reasonably cooperate with the Master Servicer to facilitate
the timely performance of such servicing responsibilities.

 

(c)       The
following Sections of the Pooling and Servicing Agreement, unless otherwise provided in this Section 3.01(c) of this Agreement,
are hereby incorporated herein by reference as if fully set forth herein, and, for purposes of this Agreement, in addition to
the References Modification, are hereby further modified as set forth below:

 

(1)          
Section 1.02. The determination as to the application of amounts collected in respect of any Mortgage Loan or the
Serviced Companion Loans, in the absence of express provisions in the related Mortgage Loan documents or to the extent that such
terms authorize the lender to use its discretion, shall be made by the Master Servicer.

 

(2)          
Sections 3.01(a) - (f), (h), (j) and (m). Without limiting the generality of the obligations of the Primary Servicer
hereunder, the Primary Servicer shall monitor and certify on a quarterly basis, starting with the quarter ending December of 2017,
within thirty (30) days of the end of such quarter the information on each Mortgage Loan and Serviced Companion Loan as required
by, and in the form of, Exhibit E attached hereto, pursuant to Section 3.01(c)(21) of this Agreement. In addition,
without limiting the generality of the foregoing, the Primary Servicer shall take all necessary action to continue all UCC Financing
Statements in favor of the originator of each Mortgage Loan (and related Serviced Companion Loan) or in favor of any assignee prior
to the expiration of such UCC Financing Statements. Notwithstanding the foregoing, the Primary Servicer’s authority is restricted
as provided in Section 3.01(c)(14) and (24) of this Agreement.

 

(3)          
Section 3.02. The Primary Servicer may not waive any Penalty Charges that the Master Servicer is permitted to waive
under Section 3.02 of the Pooling and Servicing

 

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Agreement
without the consent of the Master Servicer. The Primary Servicer shall promptly notify the Master Servicer of any defaults under
the Mortgage Loans or Serviced Companion Loans, collection issues or customer issues and shall take no actions with respect to
enforcing such Mortgage Loans or Serviced Companion Loans without the prior written consent of the Master Servicer.

 

(4)          
Section 3.03(a). The creation of any Servicing Account shall be evidenced by a certification in the form of Exhibit
F attached hereto and a copy of such certification shall be furnished to the Master Servicer on or prior to the Closing
Date and thereafter to the Master Servicer upon any transfer of any Servicing Account.

 

(5)          
Sections 3.03(b) and (e). Without limiting the generality of the obligations of the Primary Servicer hereunder, the
Primary Servicer shall monitor and certify to the information on each Mortgage Loan and Serviced Companion Loan with respect to
taxes, insurance premiums, assessments, ground rents and other similar items on a quarterly basis starting for the quarter ending
in December of 2017, within thirty (30) days of the end of such quarter as required by, and in the form of, Exhibit E
attached hereto, pursuant to Section 3.01(c)(21) of this Agreement.

 

(6)          
Section 3.03(c) is not incorporated herein. The Primary Servicer shall not be permitted to make any Servicing Advances.
The Primary Servicer shall give the Master Servicer not less than five (5) Business Days’ notice before the date on which
the Master Servicer is required to make any Servicing Advance with respect to any Mortgage Loan or Serviced Companion Loan. In
addition, the Primary Servicer shall provide the Master Servicer with such information in its possession as the Master Servicer
may reasonably request to enable the Master Servicer to determine whether a requested Servicing Advance would constitute a Nonrecoverable
Servicing Advance.

 

(7)          
Section 3.04(a). The Primary Servicer shall establish a custodial account (hereinafter the “Primary Servicer
Collection Account”), meeting all of the requirements of the Collection Account, and references to the Collection Account
shall be references to such Primary Servicer Collection Account. The creation of any Primary Servicer Collection Account shall
be evidenced by a certification in the form of Exhibit F attached hereto and a copy of such certification shall be
furnished to the Master Servicer on or prior to the Closing Date and thereafter to the Master Servicer upon any transfer of the
Primary Servicer Collection Account. Notwithstanding the third paragraph of Section 3.04(a) of the Pooling and Servicing
Agreement, the Primary Servicer shall deposit into the Primary Servicer Collection Account and include in its Primary Servicer
Remittance Amount all Escrow Payments, Penalty Charges, Modification Fees, defeasance fees, assumption fees, loan service transaction
fees, extension fees, assumption application fees, consent fees, Prepayment Interest Excess, charges for beneficiary statements
or demands, amounts collected for checks returned for insufficient funds and other fees and amounts collected from Mortgagors that
constitute additional servicing compensation and/or additional special servicing compensation (in each case, other than those to
which the Primary Servicer is entitled pursuant to Section 3.01(c)(18) of this Agreement). Any amounts of additional special
servicing compensation payable to the Special Servicer shall be remitted to the Special Servicer by the Master Servicer. For purposes
of the last paragraph of Section 3.04(a) of

 

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the
Pooling and Servicing Agreement, the Master Servicer shall direct the Special Servicer to make payment of amounts referenced therein
directly to the Primary Servicer for deposit in the Primary Servicer Collection Account.

 

(8)          
Section 3.04(b) is not incorporated herein. With respect to each Distribution Date, the Primary Servicer shall deliver
to the Master Servicer on or before the Primary Servicer Remittance Date the Primary Servicer Remittance Amount for such date.
Each remittance required to be made to the Master Servicer on the Primary Servicer Remittance Date shall be made by wire transfer
and shall be made by 2:00 p.m. Charlotte, North Carolina time on such date. Each month, on each Business Day between the Primary
Servicer Remittance Date and the Distribution Date, the Primary Servicer shall forward to the Master Servicer by wire transfer
the Primary Servicer Remittance Amount for such date. Each month, on each Business Day that the Primary Servicer is not required
to remit to the Master Servicer pursuant to the previous sentence, the Primary Servicer shall forward to the Master Servicer by
wire transfer all amounts collected by the Primary Servicer and not previously remitted to the Master Servicer which constitute
delinquent payments on the Mortgage Loans and any related Penalty Charges. Section 3.01(c)(21) of this Agreement sets forth
certain reporting requirements with respect to such remittances.

 

The Primary Servicer
shall deliver to the Master Servicer each month, on or before the Primary Servicer Serviced Whole Loan Remittance Date, an aggregate
amount of immediately available funds, to the extent received with respect to the related Serviced Whole Loan, to the extent of
available funds, equal to the amount to be distributed to the related Serviced Companion Noteholder pursuant to the terms of the
Pooling and Servicing Agreement and the related Intercreditor Agreement. Each remittance required to be made by the Primary Servicer
to the Master Servicer on the Primary Servicer Serviced Whole Loan Remittance Date shall be made by wire transfer and shall be
made by 2:00 p.m. New York City time on such date. Each month, on each Business Day between the Primary Servicer Serviced Whole
Loan Remittance Date and the Distribution Date, the Primary Servicer shall forward to the Master Servicer by wire transfer the
amounts attributable to the Serviced Companion Loans for such date. Each month, on each Business Day that the Primary Servicer
is not required to remit to the Master Servicer pursuant to the previous sentence, the Primary Servicer shall forward to the Master
Servicer by wire transfer all amounts collected by the Primary Servicer and not previously remitted to the Master Servicer which
constitute delinquent payments allocable to such Serviced Pari Passu Companion Loan in accordance with the terms of this Agreement
and the related Intercreditor Agreement and any related Penalty Charges. Section 3.01(c)(21) of this Agreement sets forth certain
reporting requirements with respect to such remittances.

 

(9)          
Section 3.05(a) is not incorporated herein. The Primary Servicer may, from time to time, make withdrawals from the
Primary Servicer Collection Account for any of the following purposes (the order set forth below not constituting an order of priority
for such withdrawals):

 

(i)           
(A) to remit to the Master Servicer for deposit in the Collection Account the amounts required to be so deposited pursuant
to the second sentence of Section 3.04(b) of the Pooling and Servicing Agreement and

 

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Section
3.01(c)(8) of this Agreement and (B) to remit to the Master Servicer for deposit in the Companion Distribution Account the
amounts required to be so deposited pursuant to the second paragraph of Section 3.04(b) of the Pooling and Servicing Agreement
and the second paragraph of Section 3.01(c)(8) of this Agreement;

 

(ii)          
to the extent not otherwise required to be applied against Prepayment Interest Shortfalls on the related Mortgage Loans
and Serviced Companion Loan, to pay itself earned and unpaid Primary Servicing Fees, with respect to the Mortgage Loans, the Serviced
Companion Loans and/or any successor REO Loans in respect thereof, the Primary Servicer’s right to payment pursuant to this
clause (ii) with respect to any such Mortgage Loans, Serviced Companion Loans or REO Loans being limited to amounts on deposit
in the Primary Servicer Collection Account that are received on or in respect of on such Mortgage Loan, Serviced Companion Loan
or REO Loan, as applicable (whether in the form of payments, Liquidation Proceeds or Insurance and Condemnation Proceeds), that
are allocable as recovery of interest thereon;

 

(iii)          to pay itself out of general collections on the Mortgage Loans, the Serviced Companion Loans and REO Properties, with respect
to any Mortgage Loan, the Serviced Companion Loan or REO Property any related earned Primary Servicing Fee that remained unpaid
in accordance with clause (ii) above following a Final Recovery Determination made with respect to such Mortgage Loan or REO Property
and the deposit into the Collection Account of all amounts received in connection therewith;

 

(iv)          to
pay itself, as additional servicing compensation in accordance with Section 3.11(a) of the Pooling and Servicing
Agreement, interest and investment income earned in respect of amounts held in the Primary Servicer Collection Account as
provided in Section 3.01(c)(10) of this Agreement, but only to the extent of the Net Investment Earnings, if any, with
respect to the Primary Servicer Collection Account for the period from and including the prior Primary Servicer Remittance
Date to and including such Primary Servicer Remittance Date;

 

(v)          
to clear and terminate the Primary Servicer Collection Account at the termination of this Agreement pursuant to Section 9.01 of the Pooling and Servicing Agreement, as modified
herein; and

 

(vi)         
to remove any amounts deposited in the Primary Servicer Collection Account in error.

 

The Primary Servicer
shall keep and maintain separate accounting records, on a loan-by-loan basis, reflecting amounts allocable to each Mortgage Loan
and Serviced Companion Loan, and on a property-by-property basis when appropriate, for the purpose of justifying any withdrawal,
debit or credit from the Primary Servicer Collection Account. Upon written request,

 

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the
Primary Servicer shall provide to the Master Servicer such records.

 

(10)          Section 3.06 is not incorporated herein. The Primary Servicer may invest funds in the Primary Servicer Collection
Account and/or any Servicing Account maintained by it on the same terms as the Master Servicer may invest funds in the Collection
Account and/or a Servicing Account, and subject to the same rights, restrictions and obligations regarding maturity dates, gains,
losses, withdrawals, possession and control of Permitted Investments and Permitted Investments payable on demand. Without limiting
the generality of the foregoing, any investment of funds in the Primary Servicer Collection Account and/or Servicing Account shall
be made in the name of the Primary Servicer on behalf of the Trustee (in its capacity as such) for the benefit of the Certificateholders.

 

(11)          Sections 3.07(a) and (d). References to the Collection Account shall be references to the Primary Servicer Collection
Account. All insurance policies caused to be maintained by the Primary Servicer hereunder shall also name the Master Servicer as
loss payee. Within fifteen (15) days after the execution date of this agreement, the Primary Servicer shall forward to the Master
Servicer a fully completed certificate of insurance in the form of Exhibit H attached hereto. Without limiting the
generality of the obligations of the Primary Servicer hereunder, the Primary Servicer shall monitor and certify as to the status
of insurance policies relating to the Mortgage Loans and the Serviced Companion Loans on a quarterly basis starting for the quarter
ending in December of 2017, within 30 days of the end of such quarter as required by, and in the form of, Exhibit E
attached hereto, pursuant to Section 3.01(c)(21) of this Agreement. The Primary Servicer shall promptly notify the Master
Servicer of any Mortgaged Property that is not insured against terrorist or other similar acts. The Master Servicer or the Special
Servicer, as applicable, shall make all determinations with respect to terrorism insurance matters required to be made under Section
3.07 of the Pooling and Servicing Agreement, and the Primary Servicer shall reasonably cooperate with the Master Servicer in
connection therewith.

 

(12)          Section 3.07(b). References to the Collection Account shall be references to the Primary Servicer Collection Account.

 

(13)          Section 3.07(c). The Primary Servicer shall cause to be delivered to the Master Servicer from time to time upon the
Master Servicer’s reasonable request a certificate of insurance or other evidence of such fidelity bond and errors and omissions
insurance. The Primary Servicer shall promptly notify or cause its insurer to notify the Master Servicer of any material change
to such fidelity bond or errors and omissions insurance.

 

(14)        Section 3.08. Notwithstanding anything herein to the contrary, the Primary Servicer will not permit or consent to
any assumption, transfer or other action contemplated by Section 3.08 of the Pooling and Servicing Agreement unless the
Primary Servicer has confirmed with the Master Servicer that the Master Servicer is either obligated to process or that the Master
Servicer and the Special Servicer have mutually agreed that the Master Servicer shall process such request pursuant to Section
3.08 and Section 3.36 of the Pooling and Servicing Agreement. Following such confirmation, the Primary Servicer will
not permit or consent to any assumption, transfer or other action contemplated by Section 3.08 of the Pooling and Servicing
Agreement without the prior written consent of the Master Servicer. With respect to any such proposed

 

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action,
the Primary Servicer shall perform and forward to the Master Servicer any analysis, recommendation or other information required
to be prepared and/or delivered by the Master Servicer under Section 3.08 and Section 3.36 of the Pooling and Servicing
Agreement. The Master Servicer, not the Primary Servicer, will deal directly with the Special Servicer in connection with obtaining
any necessary approval or consent from the Special Servicer. If the Primary Servicer shall process any such assumption, transfer
or other action, and the Master Servicer consents to such transaction, the Primary Servicer shall process, document and close
such transaction. The Primary Servicer shall promptly provide copies of any waivers it effects pursuant to this Section to the
Master Servicer and the Master Servicer will provide notice or copies to the 17g-5 Information Provider and Rating Agencies to
the extent required by the Pooling and Servicing Agreement.

 

(15)          [Reserved].

 

(16)          Section 3.09. References to the Master Servicer shall not be deemed to be references to the Primary Servicer for
purposes of Section 3.09 (other than Section 3.09(f)) of the Pooling and Servicing Agreement.

 

(17)          Section 3.10. The references to the Collection Account in Section 3.10 of the Pooling and Servicing Agreement
shall be references to the Primary Servicer Collection Account. No expense incurred in connection with any instrument of satisfaction
or deed of reconveyance shall be chargeable to the Primary Servicer Collection Account.

 

(18)          Section 3.11(a). References to the Servicing Fee shall be references to the Primary Servicing Fee and references
to the Servicing Fee Rate shall be references to the Primary Servicing Fee Rate. The third and fourth paragraphs of Section
3.11(a) of the Pooling and Servicing Agreement are not incorporated herein. In addition, the Primary Servicer shall be entitled
to receive, as additional servicing compensation, to the extent the Master Servicer is entitled to such amounts under the Pooling
and Servicing Agreement, (i) all investment income earned on amounts on deposit in the Primary Servicer Collection Account and
certain Servicing Accounts (to the extent consistent with the related Mortgage Loan documents), (ii) 100% of any amounts collected
by the Primary Servicer for checks returned for insufficient funds, demand fees or similar items with respect to the Mortgage Loans
and Serviced Companion Loans to the extent the Master Servicer is entitled to such items under Section 3.11(a) of the Pooling
and Servicing Agreement, (iii) 50% of that portion of any Modification Fees, consent fees and similar fees to which the Master
Servicer is entitled under Section 3.11(a) of the Pooling and Servicing Agreement with respect to the Mortgage Loans and
Serviced Companion Loans in connection with matters performed by the Primary Servicer pursuant to Section 3.01(c)(24) of
this Agreement, (iv) 50% of that portion of any assumption fees and assumption application fees (or similar fees) to which the
Master Servicer is entitled under Section 3.11(a) of the Pooling and Servicing Agreement with respect to the Mortgage Loans
and Serviced Companion Loans, (v) 50% of that portion of any defeasance fees to which the Master Servicer is entitled under Section
3.11(a) of the Pooling and Servicing Agreement in connection with matters performed by the Primary Servicer pursuant to Section
3.01(c)(24) of this Agreement with respect to the Mortgage Loans and Serviced Companion Loans, and (vi) 100% of that portion
of any beneficiary statement charges to which the Master Servicer is entitled under Section 3.11(a) of the Pooling

 

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and
Servicing Agreement with respect to the Mortgage Loans and Serviced Companion Loans. The Primary Servicer shall not be entitled
to any Prepayment Interest Excesses, Compensating Interest Payments, Default Interest, Penalty Charges, or other amounts not specifically
addressed above in this Section 3.01(c)(18).

 

(19)          Section 3.12(a). The Primary Servicer shall promptly (but in no event later than three (3) Business Days after the
completion of related inspection report) forward to the Master Servicer a copy of all inspection reports prepared by or on behalf
of the Primary Servicer. The Primary Servicer may engage a third party at its cost to perform property inspections and prepare
property inspection reports without first obtaining the consent of the Master Servicer; provided, however, that the
Primary Servicer shall remain obligated and primarily liable to the Master Servicer for satisfactory completion of the inspections
and reports as required by this Agreement. If any inspection report identifies a “life safety” or other material deferred
maintenance item existing with respect to the related Mortgaged Property, the Primary Servicer (x) shall promptly send to the related
Mortgagor a letter identifying such deferred maintenance item and instructing such Mortgagor to correct such deferred maintenance
item and (y) shall follow up with such Mortgagor in writing and at such frequency as is in accordance with the Servicing Standard
to confirm that such deferred maintenance item is being corrected. The Primary Servicer shall promptly notify the Master Servicer
of any event or circumstance that gives rise to enforcement rights with respect to the manager under the related Mortgage Loan
documents and management agreement.

 

(20)          [Reserved].

 

(21)          Sections 3.12(b), (d) and (f). The Primary Servicer shall electronically deliver to the Master Servicer in Microsoft
Excel format promptly upon completion, and in any event, at least five (5) Business Days before the Master Servicer must deliver
or make available such reports, statements and files under the Pooling and Servicing Agreement, a copy of all operating statements,
rent rolls, income statements, budgets and financial statements collected by the Primary Servicer and the CREFC®
Operating Statement Analysis Report and CREFC® NOI Adjustment Worksheet with respect to the Mortgage Loans and Serviced
Companion Loans as required by Section 3.12(b) of the Pooling and Servicing Agreement. The Primary Servicer shall deliver
to the Master Servicer, no later than 5:00 p.m., New York City time on the Primary Servicer Reporting Date, by electronic transmission
in the format mutually agreed upon by the Master Servicer and the Primary Servicer, the reports, statements and files required
by the first paragraph of Section 3.12(d) of the Pooling and Servicing Agreement. The Primary Servicer, in connection with
the reports that it prepares in connection with Sections 3.13(b) and (d) of the Pooling and Servicing Agreement,
will afford the Master Servicer reasonable cooperation by providing such information as the Master Servicer may reasonably request
in connection with the Master Servicer’s responsibilities in Sections 3.13(b) and (d) of the Pooling and Servicing
Agreement.

 

The penultimate sentence
in the first paragraph of Section 3.12(d) of the Pooling and Servicing Agreement is not incorporated herein. The Primary
Servicer shall deliver to the Master Servicer, no later than 5:00 p.m. New York City time on the Primary Servicer Reporting Date,
by electronic transmission in the format reasonably acceptable to the Master Servicer and

 

 

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the
Primary Servicer, the CREFC® Loan Periodic Update File, providing the required information as of such Determination
Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a format reasonably acceptable
to the Master Servicer and the Primary Servicer) (a) not later than 5:00 p.m. New York City time on the first Business Day following
each Determination Date, the Collection Report (the information therein to be stated as of the Determination Date) in the form
of Exhibit G and (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter
ending on December 31, 2017, the certification on the Mortgage Loans and Serviced Companion Loans, including without limitation
information regarding UCC Financing Statements, taxes, insurance premiums and ground rents, required by and in the form of Exhibit
E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 5:00 p.m. New York City time
on the second Business Day of each month by electronic transmission in a format reasonably acceptable to the Master Servicer and
the Primary Servicer, a remittance report containing scheduled balance information for each Mortgage Loan and Serviced Companion
Loans reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition,
on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(8) of this
Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a format reasonably acceptable
to the Master Servicer and the Primary Servicer, a report of the nature of such remittance in the form of Exhibit G
attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer not later than 5:00 p.m. New York
City time on the first Business Day following each Determination Date, a certification in the form of Exhibit J
attached hereto.

 

Not later than 5:00
p.m. New York City time on the Primary Servicer Reporting Date, the Primary Servicer shall deliver to the Master Servicer the CREFC®
Schedule AL File in EDGAR-Compatible Format with respect to the Mortgage Loans and Serviced Companion Loans; provided, however,
that the Primary Servicer shall have no obligation to prepare or deliver the CREFC® Schedule AL File unless the
Primary Servicer receives the Initial Schedule AL File, the Initial Schedule AL Additional File and the Annex A-1 to the Prospectus
from the Master Servicer. In preparing the CREFC® Schedule AL File and any Schedule AL Additional File for any given
Distribution Date, and without any due diligence, investigation or verification, the Primary Servicer shall be entitled to conclusively
rely, absent manifest error, on the content, completeness, accuracy and compliance with any applicable requirements of Items 1111(h)
and 1125 of Regulation AB and Item 601(b) of Regulation S-K under the Securities Act as in effect on the Closing Date of the Initial
Schedule AL File, the Initial Schedule AL Additional File and the Annex A-1 to the Prospectus. The Primary Servicer may concurrently
with the delivery of the related CREFC® Schedule AL File, deliver any related Schedule AL Additional File in EDGAR-Compatible
Format to the Master Servicer. The CREFC® Schedule AL Files and Schedule AL Additional File shall each be a single
file.

 

(22)          Section 3.13. The Primary Servicer shall also be subject to Section 3.01(c)(29) of this Agreement. None of
the restrictions in Section 3.13 of the Pooling and Servicing Agreement or Section 3.01(c)(29) of this Agreement
shall prohibit or restrict oral or written communications, or providing information, between the Primary Servicer, on the one hand,
and a Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings
it assigns to the Primary Servicer, (ii) such Rating Agency’s or NRSRO’s approval of the Primary Servicer as a commercial
mortgage master, special or primary

 

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servicer
or (iii) such Rating Agency’s or NRSRO’s evaluation of the Primary Servicer’s servicing operations in general;
provided, however, that the Primary Servicer shall not provide any information relating to the Certificates, the
Mortgage Loans or Serviced Companion Loans to a Rating Agency or NRSRO in connection with such review and evaluation by such Rating
Agency or NRSRO unless (x) Mortgagor, property or deal specific identifiers are redacted; (y) such information has already been
provided to the 17g-5 Information Provider and has been uploaded on to the 17g-5 Information Provider’s Website; or (z)
the Rating Agency confirms that it does not intend to use such information in undertaking credit rating surveillance with respect
to the Certificates (and the Primary Servicer shall, upon request, certify to the Depositor and the Master Servicer that it received
the confirmation described in this clause (z) or provide the Depositor and the Master Servicer with a copy of such confirmation
from the applicable Rating Agency.

 

(23)          
Section 3.17(a). On each Primary Servicer Remittance Date, the Primary Servicer shall deposit into the Primary Servicer
Collection Account as part of the Primary Servicer Remittance Amount, the amount set forth in Section 3.17(a) of the Pooling
and Servicing Agreement to the extent resulting from Principal Prepayments on the Mortgage Loans and Serviced Companion Loans and
to the extent that the Master Servicer is required to remit such amounts under Section 3.17(a) of the Pooling and Servicing
Agreement, and except that references to Servicing Fees in the definition of “Compensating Interest Payments” in the
Pooling and Servicing Agreement shall be references to Primary Servicing Fees.

 

(24)           
Section 3.18. Notwithstanding anything herein to the contrary, the Primary Servicer will not take any action with
respect to any modification, extension, waiver, consent, defeasance, Special Servicer Decision, Major Decision or other action
contemplated by Section 3.18 of the Pooling and Servicing Agreement unless the Primary Servicer has confirmed with the Master
Servicer that the Master Servicer is either obligated to process or has mutually agreed with the Special Servicer to process such
transaction pursuant to Section 3.18 and Section 3.36 of the Pooling and Servicing Agreement. Following such confirmation,
the Primary Servicer will not permit or consent to any modification, extension, waiver, consent, defeasance, Special Servicer Decision,
Major Decision or other action contemplated by Section 3.18 of the Pooling and Servicing Agreement without the prior written
consent of the Master Servicer. With respect to any such proposed action, the Primary Servicer shall perform and forward to the
Master Servicer any analysis, recommendation or other information required to be prepared and/or delivered by the Master Servicer
under Section 3.18 and Section 3.36 of the Pooling and Servicing Agreement. The Master Servicer, not the Primary
Servicer, will deal directly with the Special Servicer in connection with obtaining any necessary approval or consent from the
Special Servicer; however, when processing loan-related events delegated to it through this Agreement, the Primary Servicer may
consult with the Special Servicer as needed, provided that it copies the Master Servicer on all related correspondence to the Special
Servicer and includes a representative of the Master Servicer on all related calls with the Special Servicer and otherwise keeps
the Master Servicer fully informed as to the results of such consultations. When forwarding a request for the approval of any retail
lease or renewal or extension thereof, the Primary Servicer shall forward to the Master Servicer the information concerning such
lease required by, and in the form of, Exhibit I attached hereto. The Primary Servicer will not permit any Principal
Prepayment or defeasance with respect to any Mortgage Loan or Serviced

 

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Companion
Loan without the written consent of the Master Servicer. The Primary Servicer shall promptly forward all requests for Principal
Prepayments or defeasance to the Master Servicer, along with a payoff statement (with respect to each Principal Prepayment request)
setting forth the amount of the necessary Principal Prepayment calculated by the Primary Servicer.

 

(25)          Section 3.19(a). The Primary Servicer shall promptly notify the Master Servicer of any event or circumstance that
the Primary Servicer deems to cause any Mortgage Loan or Serviced Companion Loan to become a Specially Serviced Loan. The determination
as to whether a Mortgage Loan or Serviced Companion Loan has become a Specially Serviced Loan shall be made by the Master Servicer
and the Master Servicer shall promptly notify the Primary Servicer of any such determination. Upon receipt by the Master Servicer
of notice from the Special Servicer that a Specially Serviced Loan has become a Corrected Loan, the Master Servicer shall promptly
give the Primary Servicer notice thereof and the obligation of the Primary Servicer to service and administer such Mortgage Loan
and, if applicable, Serviced Companion Loan shall resume.

 

(26)          Section 3.19(c) is not incorporated herein. The Primary Servicer shall continue to process payments and maintain
ongoing payment records with respect to each Mortgage Loan and Serviced Companion Loan that becomes a Specially Serviced Loan or
an REO Property and shall timely provide the Master Servicer and the Special Servicer with any information required by either to
perform their respective duties under the Pooling and Servicing Agreement. Pursuant to Section 3.01(c)(18) of this Agreement,
the Primary Servicer shall be entitled to receive the Primary Servicing Fee for so long as the Master Servicer receives its fee,
with respect to each Specially Serviced Loan.

 

(27)          Section 3.20. References to the Master Servicer shall not be deemed to be references to the Primary Servicer for
purposes of Section 3.20 of the Pooling and Servicing Agreement. Each provision of Section 3.20 of the Pooling and
Servicing Agreement shall be enforceable against the Primary Servicer in accordance with the terms thereof. The Primary Servicer
may not enter into Sub-Servicing Agreements in connection with the Mortgage Loans or the Serviced Companion Loans, but the Primary
Servicer may delegate its duties to agents or Subcontractors so long as the related agreements or arrangements with such agents
or Subcontractors are consistent with the provisions of Section 3.20 of the Pooling and Servicing Agreement. The Primary
Servicer shall not take any action that the Master Servicer would be prohibited from taking under the Pooling and Servicing Agreement.
The Primary Servicer may not foreclose any Mortgage or, except as permitted by Section 3.01(c)(14) or (24) of this
Agreement, grant any modification, extension, waiver or amendment to any Mortgage Loan or Serviced Companion Loan.

 

This Agreement will
be assumed by the Trustee if the Trustee has assumed the duties of the Master Servicer or by a successor Master Servicer without
cost or obligation to the assuming party or the Trust Fund, upon the assumption by such party of the obligations of the Master
Servicer pursuant to Section 7.02 of the Pooling and Servicing Agreement. In the event the Trustee or any other Person becomes
successor master servicer, the Trustee or such successor master servicer shall have the right to terminate this Agreement with
or without cause and without a fee. Notwithstanding the foregoing or any other contrary provision in the Pooling and

 

 

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Servicing
Agreement, the Trustee and any successor master servicer shall assume this Agreement and (i) the Primary Servicer’s
rights and obligations under this Agreement shall expressly survive a termination of the Master Servicer’s servicing rights
under the Pooling and Servicing Agreement; provided that this Agreement has not been terminated in accordance with its
provisions; (ii) any successor master servicer, including, without limitation, the Trustee (if it assumes the servicing obligations
of the Master Servicer) shall be deemed to automatically assume and agree to the this Agreement without further action upon becoming
the successor master servicer and (iii) the Pooling and Servicing Agreement may not be modified in any manner which would
increase the obligations or limit the rights of the Primary Servicer hereunder and/or under this Agreement, without the prior
written consent of the Primary Servicer (which consent shall not be unreasonably withheld).

 

(28)          Section 3.24(a). The Primary Servicer shall take no action with respect to any mezzanine loan and shall forward any
notice or request received promptly to the Master Servicer.

 

(29)          Section 3.25 is not incorporated herein. Notwithstanding any provision herein to the contrary, the Primary Servicer
shall not make any request to a Rating Agency for a Rating Agency Confirmation; all such requests shall be made by, and as determined
necessary by, the Master Servicer. The Primary Servicer shall not communicate (orally or in writing) with any Rating Agency regarding
any of the Mortgage Loan documents or any matter related to the Mortgage Loans, the Serviced Companion Loans, the related Mortgaged
Properties, the related Mortgagors or any other matters in connection with the Certificates or pursuant to this Agreement or the
Pooling and Servicing Agreement. The Primary Servicer agrees to comply (and to cause each and every subcontractor, vendor or agent
for the Primary Servicer and each of its officers, directors and employees to comply) with the provisions relating to communications
with the Rating Agencies set forth in this Section 3.01(c)(29) and the Pooling and Servicing Agreement and shall not deliver
to any Rating Agency any report, notice, statement, request for Rating Agency Confirmation or other information the communication
of which to the Rating Agencies is restricted by the Pooling and Servicing Agreement.

 

All information described
in the immediately preceding paragraph will be provided by, and all such communications, responses and requests described in the
immediately preceding paragraph will be made by, the Master Servicer in accordance with the procedures required by the Pooling
and Servicing Agreement. To the extent that the Master Servicer is required to provide any information to, or communicate with,
any Rating Agency in accordance with its obligations under the Pooling and Servicing Agreement and such information or communication
is regarding the Mortgage Loans or the Serviced Companion Loans or the primary servicing by the Primary Servicer under this Agreement,
the Primary Servicer shall provide the information to the Master Servicer necessary for the Master Servicer to fulfill such obligations.

 

(31)          Section 3.28. The Primary Servicer shall promptly notify the Master Servicer of any information that would impact
the Companion Register.

 

(32)          Sections 3.29(c), (h) and (i). The Primary Servicer shall reasonably cooperate with the Master Servicer to provide
all information regarding the Serviced Whole Loans in the

 

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Primary Servicer’s possession to enable the Master Servicer to
provide such information as required pursuant to Section 3.29(c), (h) and (i) of the Pooling and Servicing Agreement.

 

(33)           Section 3.31 is not incorporated herein. The Primary Servicer shall not initiate or become involved in any claim
or litigation that falls within the scope of Trust-Related Litigation. The Primary Servicer shall promptly, but in any event no
later than five (5) Business Days of the Primary Servicer receiving service of such Trust-Related Litigation, provide written notice
thereof to the Master Servicer. Notwithstanding the foregoing, the Primary Servicer shall retain the right to make determinations
relating to claims or counter-claims against or on behalf of the Primary Servicer subject to Section 3.32(g) of the Pooling and
Servicing Agreement and the rights of the Special Servicer set forth therein, which shall apply to the Primary Servicer to the
extent such provisions apply to the Master Servicer.

 

(34)           [Reserved.]

 

(35)          
Section 3.34.

 

(36)          
Section 4.03 is not incorporated herein. The Primary Servicer shall not be permitted to make P&I Advances.

 

(37)           Section 6.01(a). Section 6.01(a)(i) of the Pooling and Servicing Agreement shall be deemed modified to read
“The Primary Servicer is a national banking association, duly organized, validly existing and in good standing under the
laws of the United States of America, and the Primary Servicer is in compliance with the laws of each State in which any Mortgaged
Property is located to the extent necessary to perform its obligations under this Agreement.” The Primary Servicer hereby
represents and warrants, as of the date hereof, that (i) each insurance policy and fidelity bond referenced in Section 3.07(c)
of the Pooling and Servicing Agreement names the Master Servicer as a loss payee; and (ii) the Primary Servicer is authorized to
transact business in the state or states in which the Mortgaged Properties for the Mortgage Loans are situated, if and to the extent
required by applicable law to the extent necessary to ensure the enforceability of the Mortgage Loans or compliance with its obligations
under this Agreement and the Master Servicer’s obligations under the Pooling and Servicing Agreement.

 

(38)           Sections
11.01, 11.02, 11.03, 11.04, 11.05, 11.06, 11.07, 11.09, 11.10, 11.11, 11.12 and 11.15. The Primary Servicer shall cooperate
fully with the Master Servicer and deliver to the Master Servicer any and all statements, reports, certifications, records and
any other information in its possession and necessary in the good faith determination of the Master Servicer, the Certificate
Administrator, the Trustee or the Depositor to permit the Depositor or Other Depositor, as applicable, to comply with the provisions
of Regulation AB and the Master Servicer to comply with its obligations under Article XI of the Pooling and Servicing Agreement,
together with such disclosures relating to the Primary Servicer, or the servicing of the Mortgage Loans and/or Serviced Companion
Loans, reasonably believed by the Depositor, the related Other Depositor, the Certificate Administrator or the Master Servicer
to be necessary in order to effect such compliance. For purposes of this Section 3.01(c)(38) of this Agreement, references
to the Trustee, the Certificate Administrator, the Depositor, the Other Depositor, the Other Trustee or the Other Certificate
Administrator in Article XI of the Pooling and Servicing

 

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Agreement shall not be deemed to be references to the Master Servicer
but shall remain references to the Trustee, the Certificate Administrator, the Depositor, the Other Depositor, the Other Trustee
or the Other Certificate Administrator, as applicable; provided that the Primary Servicer shall copy the Master Servicer on any
notice, certificate or information provided to the Trustee, the Certificate Administrator, the Depositor, the Other Depositor,
the Other Trustee or the Other Certificate Administrator pursuant to this Section 3.01(c)(38) of this Agreement.

 

With respect to any
period that the Primary Servicer is a Servicing Function Participant or a servicer as contemplated by Item 1108(a)(2) of Regulation
AB, the Primary Servicer shall perform all obligations under Section 11.02 applicable to a servicer as contemplated by Item
1108(a)(2) of Regulation AB (including, without limitation, any obligation or duty the Master Servicer is required under Section
11.02 to cause (or use commercially reasonable efforts to cause) a Servicing Function Participant or such a servicer as contemplated
by Item 1108(a)(2) of Regulation AB to perform).

 

Any Additional Form
10-D Disclosure and related Additional Disclosure Notification required to be delivered by the Primary Servicer shall be delivered
to the Master Servicer (and, if the Primary Servicer is an Additional Servicer or a Servicing Function Participant, also to the
Depositor, the Certificate Administrator, each Other Depositor and each Other Certificate Administrator (to the extent the notice
and/or information relates to a Serviced Companion Loan or a party that services, specially services or is trustee or custodian
for a Serviced Companion Loan)) within the time provided in Section 11.04 of the Pooling and Servicing Agreement. The Primary
Servicer shall reasonably cooperate with the Master Servicer and the Depositor pursuant to Section 11.04(d) of the Pooling
and Servicing Agreement with respect to any CREFC® Schedule AL File provided by the Primary Servicer.

 

Any Additional Form
10-K Disclosure and related Additional Disclosure Notification required to be delivered by the Primary Servicer shall be delivered
to the Master Servicer (and, if the Primary Servicer is an Additional Servicer or a Servicing Function Participant, also to the
Depositor, the Certificate Administrator, each Other Depositor and each Other Certificate Administrator (to the extent the notice
and/or information relates to a Serviced Companion Loan or a party that services, specially services or is trustee or custodian
for a Serviced Companion Loan)) on or before the fifth (5th) Business Day preceding March 1st of each year,
commencing February 22, 2018.

 

The Primary Servicer
(without regard to whether the Primary Servicer is a Servicing Function Participant, a Reporting Servicer or Additional Servicer)
shall provide a Performance Certification described in Section 11.06 of the Pooling and Servicing Agreement (on which the
Master Servicer and its officers, directors and Affiliates, in addition to the Certification Parties, can reasonably rely) to the
Master Servicer on or before the fifth (5th) Business Day preceding March 1st of each year, commencing February
22, 2018. If the Primary Servicer is a Servicing Function Participant, such Performance Certification shall also be provided to
each affected Certifying Person by the time required by the Pooling and Servicing Agreement, and if the Primary Servicer is not
a Servicing Function Participant, such Performance Certification shall be delivered only to the Master Servicer. In addition, the
Primary Servicer (a) shall provide such information and assistance as may be reasonably required to cooperate with the Master Servicer

 

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in complying with Section 11.06 of the Pooling and Servicing Agreement and (b) shall cooperate with the Master Servicer’s
reasonable requests in performing its due diligence for its certification under Section 11.06 of the Pooling and Servicing
Agreement.

 

Any Form 8-K Disclosure
Information and related Additional Disclosure Notification required to be delivered by the Primary Servicer shall be delivered
to the Master Servicer, the Depositor, the Certificate Administrator, each Other Depositor and each Other Certificate Administrator
(to the extent the notice and/or information relates to a Serviced Companion Loan or a party that services, specially services
or is trustee or custodian for a Serviced Companion Loan) within the time provided in Section 11.07 of the Pooling and Servicing
Agreement.

 

The Primary Servicer
(without regard to whether the Primary Servicer is an Additional Servicer or Servicing Function Participant) shall deliver its
Officer’s Certificate required by Section 11.09 of the Pooling and Servicing Agreement to the Master Servicer on or
before the fifth (5th) Business Day preceding March 1st of each year, commencing February 22, 2018. If the
Primary Servicer is an Additional Servicer or Servicing Function Participant, the Primary Servicer shall also deliver such Officer’s
Certificate to the Certificate Administrator, the Trustee, Depositor, the 17g-5 Information Provider, each Other Depositor and
each Other Certificate Administrator (to the extent such item and/or information relates to a party that services, specially services
or is trustee or custodian for a Serviced Companion Loan) within the time provided in Section 11.09, and if the Primary
Servicer is not an Additional Servicer or Servicing Function Participant, such Officer’s Certificate shall be delivered only
to the Master Servicer.

 

The Primary Servicer
(without regard to whether the Primary Servicer is a Servicing Function Participant, a Reporting Servicer or Additional Servicer)
shall deliver the items required under Sections 11.10 and 11.11 of the Pooling and Servicing Agreement regarding
itself (the “report on an assessment of compliance with Relevant Servicing Criteria” and “accountants’
report”) to the Master Servicer on or before the fifth (5th) Business Day preceding March 1st of each
year, commencing February 22, 2018. If the Primary Servicer is a Servicing Function Participant, a Reporting Servicer or Additional
Servicer, the report on an assessment of compliance with Relevant Servicing Criteria and accountants’ report shall also be
delivered to the Certificate Administrator, the Trustee, Depositor, the 17g-5 Information Provider, each Other Depositor and each
Other Certificate Administrator (to the extent such item and/or information relates to a party that services, specially services
or is trustee or custodian for a Serviced Companion Loan) within the time provided in Sections 11.10 and 11.11 of
the Pooling and Servicing Agreement, and if the Primary Servicer is not an Servicing Function Participant, a Reporting Servicer
or Additional Servicer, the report on an assessment of compliance with Relevant Servicing Criteria and accountants’ report
shall be delivered only to the Master Servicer. For the avoidance of doubt, if the Primary Servicer’s report on assessment
of compliance with Relevant Servicing Criteria or the related accountants’ report identifies any material instance of noncompliance
with the Relevant Servicing Criteria, such reports shall include a discussion of whether the identified instance was determined
to have involved the servicing of the Mortgage Loans and any steps taken to remedy such identified instance of noncompliance to
the extent related to its activities with respect to asset-backed securities transactions taken as a whole involving the Primary
Servicer and that are backed by the same asset-type backing the Certificates.

 

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Section 11.12
of the Pooling and Servicing Agreement shall be incorporated herein and apply to the Primary Servicer for so long as the Primary
Servicer is a Servicing Function Participant or an Additional Servicer to the same extent such section applies to the Master Servicer.
The Primary Servicer shall indemnify and hold harmless the Master Servicer, each Certification Party and any director, officer,
representative, agent, member, manager, employee or Affiliate of the Master Servicer or any Certification Party, from and against
any expenses, losses, claims, damages and other liabilities, including without limitation the costs of investigation, legal defense
and any amounts paid in settlement of any claim or litigation arising out of subsections (i)-(iii) in the first paragraph of Section
11.12 of the Pooling and Servicing Agreement. To the extent the Primary Servicer is an Affected Reporting Party, the Primary
Servicer shall comply with the requirements set forth in Section 11.12 and incorporated herein by reference, including,
but not limited to, obtaining the consent of the Depositor, any Other Depositor and the Master Servicer (in each case, which consent
shall not be unreasonably denied, withheld or delayed), to directly communicate with the Commission or its staff and negotiate
a response and/or resolution with the Commission or its staff and copying the Master Servicer on all material communications with
the Commission or its staff. All reasonable out-of-pocket costs and expenses incurred by the Depositor, any Other Depositor and
the Master Servicer (including reasonable legal fees and expenses of outside counsel to the Depositor, any Other Depositor and
the Master Servicer) in connection with the foregoing and any amendments to any reports filed with the Commission or its staff
therewith shall be promptly paid by the Primary Servicer upon receipt of an itemized invoice from the Depositor, any Other Depositor
and/or the Master Servicer, as applicable. Upon resolution with the Commission, the Primary Servicer shall promptly provide, to
each Other Depositor the appropriate revised reports, updated or revised information contained in any report filed by the Other
Depositor under the Reporting Requirements, or any updated or revised material communications in connection with the response and/or
resolution with the Commission or its staff, if and to the extent such reports, information and/or communications relate to information
that was previously provided to the Other Depositor and would reasonably be expected to be contained in a report filed by the Other
Depositor under the Reporting Requirements of an Other Pooling and Servicing Agreement.

 

The Primary Servicer
shall reasonably cooperate with the Master Servicer and each other party listed in Section 11.15 of the Pooling and Servicing
Agreement in accordance with Section 11.15 of the Pooling and Servicing Agreement. If any Serviced Companion Loan constitutes
a Serviced Securitized Companion Loan, the Primary Servicer shall provide to the Master Servicer all information, reports, statements
and certificates with respect to the Primary Servicer and such Serviced Companion Loan comparable to any information, reports,
statements or certificates required to be provided by the Master Servicer pursuant to Section 11.15 of the Pooling and Servicing
Agreement, even if the Primary Servicer is not otherwise required to provide such information, reports or certificates to any Person
in order to comply with Regulation AB. Such information, reports or certificates shall be provided to the Master Servicer no later
than five (5) Business Days prior to the date on which the Master Servicer is required to deliver its comparable information, reports,
statements or certificates pursuant to Section 11.15 of the Pooling and Servicing Agreement. 

 

Subject to other provisions
of this Agreement restricting the right of the Primary Servicer

 

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to retain subservicers or subcontractors, the provisions of Article
XI regarding retaining a “Sub--Servicer,” “Subcontractor,” “Additional Servicer” or “Servicing
Function Participant” shall be applicable to any sub-servicer, subcontractor or agent hired by the Primary Servicer to perform
any of its obligations hereunder and the Primary Servicer shall comply with such provisions.

 

The Primary Servicer
shall indemnify and hold harmless each Certification Party from and against any losses, damages, penalties, fines, forfeitures,
reasonable legal fees, claims, fees and expenses and related costs, judgments and other costs and expenses incurred by such Certification
Party arising out of (a) a breach of its obligations to provide any of the annual compliance statements or annual assessment of
compliance with the servicing criteria or attestation reports pursuant to this Agreement, (b) negligence, bad faith or willful
misconduct on its part in the performance of its obligations, (c) any failure by it, as a Servicer (as defined in Section 11.02(b)
of the Pooling and Servicing Agreement) to identify a Servicing Function Participant pursuant to Section 11.02(c) of the
Pooling and Servicing Agreement, or (d) delivery of any Deficient Exchange Act Deliverable.

 

If the indemnification
provided for in this Section 3.01(c)(38) is unavailable or insufficient to hold harmless any Certification Party, the Master
Servicer, the Depositor or any employee, director or officer of the Depositor, then the Primary Servicer shall contribute to the
amount paid or payable to the indemnified party as a result of the losses, claims, damages or liabilities of the indemnified party
in such proportion as is appropriate to reflect the relative fault of the indemnified party on the one hand and the Primary Servicer
on the other in connection with a breach of the Primary Servicer’s obligations pursuant to this Section 3.01(c)(38).

 

(39)           Sections
12.01(b)(i)-(ii). The Primary Servicer shall provide all reasonable cooperation (with respect to information regarding the
Mortgage Loans in the Primary Servicer’s possession) to enable the Master Servicer to provide the information required pursuant
to Sections 12.01(b)(i)-(ii) of the Pooling and Servicing Agreement.

 

Section
3.02          
Merger or Consolidation of the Primary Servicer.

 

The Primary Servicer
shall keep in full effect its existence, rights and franchises as a national banking association under the laws of the United States
of America. The Primary Servicer shall continue to be authorized to transact business in the state or states in which the Mortgaged
Properties for the Mortgage Loans and the Serviced Companion Loans are situated, if and to the extent required by applicable law,
except where the failure to so comply would not adversely affect the Primary Servicer’s ability to perform its obligations
in accordance with the terms of this Agreement.

 

Any Person into which
the Primary Servicer may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to
which the Primary Servicer shall be a party, or any Person succeeding to all or substantially all of the business of the Primary
Servicer, shall be the successor of the Primary Servicer hereunder, without the execution or filing of any paper or any further
act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor
or surviving Person (i) must be a business entity whose business includes the servicing of mortgage

 

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loans and shall be authorized
to transact business in the state or states in which the related Mortgaged Properties it is to service are situated to the extent
required by applicable law, (ii) must be an approved servicer of multifamily mortgage loans for FHLMC or FNMA or a HUD-approved
servicer, (iii) must be acceptable to the Master Servicer, which consent may not be unreasonably withheld, and (iv) shall have
assumed in writing the obligations of the Primary Servicer under this Agreement. Notwithstanding the foregoing, the Primary Servicer
may not remain the Primary Servicer under this Agreement after (x) being merged or consolidated with or into any Person that is
a Prohibited Party, or (y) transferring all or substantially all of its assets to any Person if such Person is a Prohibited Party,
except to the extent that (i) the Primary Servicer is the surviving entity of such merger, consolidation or transfer and has been
and continues to be in compliance with its Regulation AB reporting obligations hereunder or under the Pooling and Servicing Agreement
or (ii) the Depositor consents to such merger, consolidation or transfer, which consent shall not be unreasonably withheld.

 

Section
3.03          
Limitation on Liability of the Primary Servicer and Others.

 

Neither the Primary
Servicer nor any of the officers, employees or affiliates, agents of the Primary Servicer shall be under any liability to the Master
Servicer any action taken, or for refraining from the taking of any action, in good faith pursuant to this Agreement, or for errors
in judgment; provided, however, that this provision shall not protect the Primary Servicer or any such person against any breach
of representations or warranties made herein, or against any liability which would otherwise be imposed by reason of willful misconduct,
bad faith, fraud or negligence (or by reason of any specific liability imposed hereunder for a breach of the Servicing Standard)
in the performance of its obligations or duties hereunder, or by reason of negligent disregard of such obligations and duties.
The Primary Servicer and any officer, employee or agent of the Primary Servicer may rely in good faith on any document of any kind
which, prima facie, is properly executed and submitted by any Person respecting any matters arising hereunder. The Primary
Servicer shall not be under any obligation to appear in, prosecute or defend any legal action unless such action relates to its
respective duties under this Agreement and which in its opinion does not expose it to any expense or liability not recoverable
from the Trust Fund; provided, however, the Primary Servicer may, with the consent of the Master Servicer, undertake
any such action, proceeding, hearing or examination that it may deem necessary or desirable in respect to this Agreement and the
rights and duties of the parties hereto. In such event, to the extent that the legal expenses and costs of such action, proceeding,
hearing or examination and any liability resulting therefrom are reimbursable, and are reimbursed to the Master Servicer, by the
Trust Fund pursuant to the Pooling and Servicing Agreement, the Primary Servicer shall be entitled to be reimbursed therefor from
the Master Servicer upon written demand. To the extent provided in Section 6.04 of the Pooling and Servicing Agreement,
the Primary Servicer shall be indemnified and held harmless by the Trust Fund against any loss, liability or expense, incurred
in connection with any claim, loss, penalty, fine, foreclosure, judgment, liability or legal action relating to this Agreement
or the Certificates, other than any loss, liability or expense (including legal fees and expenses) incurred by the Primary Servicer
by reason of willful misconduct, bad faith, fraud or negligence in the performance of duties hereunder or by reason of negligent
disregard of obligations and duties hereunder. The Primary Servicer shall not have any rights of indemnification out of the Trust
Fund except through the Master Servicer as described above and, in each case, to the full extent that the Master Servicer

 

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is permitted
to indemnification from the Trust Fund under the Pooling and Servicing Agreement.

 

Section
3.04          
Primary Servicer Not to Resign.

 

The Primary Servicer
shall not resign from the obligations and duties hereby imposed on it except by sixty (60) days prior written notice to the Master
Servicer, or upon the determination that its duties hereunder are no longer permissible under applicable law and such incapacity
cannot be cured by the Primary Servicer. Any such determination permitting the resignation of the Primary Servicer shall be evidenced
by an Opinion of Counsel to such effect delivered to the Master Servicer, which Opinion of Counsel shall be in form and substance
acceptable to the Master Servicer.

 

Section
3.05          
No Transfer or Assignment of Servicing.

 

With respect to the
responsibility of the Primary Servicer to service the Mortgage Loans and the Serviced Companion Loans hereunder, the Primary Servicer
acknowledges that the Master Servicer has acted in reliance upon the Primary Servicer’s independent status, the adequacy
of its servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing and the
continuance thereof. Without in any way limiting the generality of this Section 3.05, the Primary Servicer shall not either
assign or transfer this Agreement or the servicing hereunder nor delegate its rights or duties hereunder or any portion thereof
(except as allowed by Section 3.01(c)(27) of this Agreement), or sell or otherwise dispose of all or substantially all of
its property or assets, without the prior written approval of the Master Servicer, which consent will not be unreasonably withheld
or delayed. Notwithstanding the foregoing, prior to any assignment or transfer by the Primary Servicer of this Agreement or the
servicing hereunder (the “Primary Servicing Rights”), the Primary Servicer shall allow the Master Servicer an
opportunity to bid on the purchase of such Primary Servicing Rights. The Primary Servicer may also solicit bids from any other
parties independent of the Primary Servicer. If the Master Servicer offers the highest purchase price for such Primary Servicing
Rights, then the Master Servicer shall be provided the opportunity to purchase such Primary Servicing Rights for such purchase
price.

 

Section
3.06          
Indemnification.

 

The Master Servicer
and the Primary Servicer each agrees to and hereby does indemnify and hold harmless the Master Servicer, in the case of the Primary
Servicer, and the Primary Servicer, in the case of the Master Servicer (including any of their partners, directors, officers, employees
or agents) from and against any and all claims, losses, damages, penalties, fines, forfeitures, reasonable legal fees and related
costs, judgments, and any other costs, liabilities, fees and expenses that the Master Servicer, in the case of the Primary Servicer,
and the Primary Servicer, in the case of the Master Servicer, may sustain arising from or as a result of any willful misconduct,
bad faith, fraud or negligence of the Master Servicer or Primary Servicer, as applicable, in the performance of its obligations
and duties under this Agreement or by reason of negligent disregard by the Master Servicer or Primary Servicer, as applicable,
of its duties and obligations hereunder or by reason of breach of any representations or warranties made herein; provided, that
such indemnity shall not cover indirect or consequential damages. Each

 

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indemnified party hereunder shall give prompt written notice
to the indemnitor of matters which may give rise to liability of such indemnitor hereunder; provided, however, that
failure to give such notice shall not relieve the indemnitor of any liability except to the extent of actual prejudice. Section
3.06 of this Agreement shall survive the termination of this Agreement and the termination or resignation of the Master Servicer
or the Primary Servicer.

 

ARTICLE IV

DEFAULT

 

Section
4.01          
Events of Default.

 

In case one or more
of the following events (each, an “Event of Default”) by the Primary Servicer shall occur and be continuing,
that is to say:

 

(a)          
 any failure by the Primary Servicer to deposit into the Primary Servicer Collection Account or any Servicing Account, or
to deposit into, or to remit to the Master Servicer for deposit into, the Collection Account or the Companion Distribution Account
on the dates and at the times required by this Agreement, any amount required to be so deposited or remitted under this Agreement;
provided, however, that the Primary Servicer will have one (1) Business Day to remedy a failure to make such a deposit or remittance
on the date and at the time required by this Agreement; or

 

(b)          
any failure on the part of the Primary Servicer to (i) timely provide to the Servicer the certification called for on Exhibit
E attached hereto as required by this Agreement, or (ii) timely provide to the Master Servicer the Collection Report which
failure continues unremedied for one (1) Business Day; or

 

(c)           
the Primary Servicer shall fail three (3) times within any one (1) year period to timely provide to the Master Servicer
any Collection Report, CREFC® Loan Periodic Update File, CREFC® Schedule AL File, CREFC®
Property File, CREFC® Financial File, CREFC® Comparative Financial Status Report, CREFC®
Loan Level Reserve/LOC Report, CREFC® Delinquent Loan Status Report, CREFC® Servicer Watch List,
CREFC® NOI Adjustment Worksheet, the CREFC® Total Loan Report or CREFC® Operating
Statement Analysis Report within one (1) Business Day following the date on which it is due; or

 

(d)           
any failure by the Primary Servicer duly to observe or perform in any material respect any of its other covenants or obligations
under this Agreement (other than those addressed in another clause of this Section 4.01), which failure continues unremedied
for a period of twenty-five (25) days (or (i) with respect to any year that a report on Form 10-K is required to be filed, three
(3) Business Days in the case of the Primary Servicer’s obligations or (ii) 10 days in the case of failure to pay the premium
for any insurance policy required to be force placed by the Primary Servicer pursuant to this Agreement or in any event such reasonable
shorter period of time as is necessary to avoid the commencement of foreclosure proceedings for any lien relating to unpaid real
estate taxes or assessments or a lapse in any required insurance coverage) after written notice of such failure, requiring the
same to be remedied, has

 

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been given to the Primary Servicer by the Master Servicer; provided, however, if that failure (other than
a failure that results in the commencement of foreclosure proceedings for any lien relating to unpaid real estate taxes or assessments
or a lapse in any required insurance coverage) is capable of being cured and the Primary Servicer has provided the Master Servicer
with an Officer’s Certificate certifying that it has diligently pursued, and is continuing to diligently pursue, a full cure,
such twenty-five (25) day period shall be extended for an additional thirty (30) days; or

 

(e)            any
breach on the part of the Primary Servicer of any representation or warranty contained in Section 6.01(a) of the Pooling
and Servicing Agreement as incorporated herein, which materially and adversely affects the interests of the Master Servicer or
any Class of Certificateholders or VRR Interest Owners or any Serviced Companion Noteholder and which continues unremedied for
a period of thirty (30) days after the date on which notice of such breach, requiring the same to be remedied, shall have been
given to the Primary Servicer by the Master Servicer; provided, however, if that breach is capable of being cured and the Primary
Servicer has provided the Master Servicer with an Officer’s Certificate certifying that it has diligently pursued, and is
continuing to diligently pursue, a full cure, such thirty (30) day period shall be extended for an additional thirty (30) days;
or

 

(f)          
  a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case
under any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator, receiver,
liquidator, trustee or similar official in any bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities
or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Primary Servicer
and such decree or order shall have remained in force undischarged, undismissed or unstayed for a period of 60 days; or

 

(g)          
 the Primary Servicer shall consent to the appointment of a conservator, receiver, liquidator, trustee or similar official
in any bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating
to the Primary Servicer or of or relating to all or substantially all of its property; or

 

(h)          
 the Primary Servicer shall admit in writing its inability to pay its debts generally as they become due, file a petition
to take advantage of any applicable bankruptcy, insolvency or reorganization statute, make an assignment for the benefit of its
creditors, voluntarily suspend payment of its obligations or take any corporate action in furtherance of the foregoing; or

 

(i)           
  the Primary Servicer shall assign or transfer or attempt to assign or transfer all or part of its rights and obligations
hereunder except as permitted by this Agreement; or

 

(j)           
 either of Moody’s or KBRA has (i) qualified, downgraded or withdrawn its rating or ratings of one or more Classes
of Certificates, or (ii) placed one or more Classes of Certificates on “watch status” in contemplation of possible
rating downgrade or withdrawal (and such action shall not have been withdrawn within 60 days of such event) and, in the case of
either of clause (i) or (ii), publicly citing servicing concerns with the Primary Servicer as the sole or a material factor in
such rating action; or

 

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(k)            
the Primary Servicer is no longer rated at least “CPS3” by Fitch and the Primary Servicer is not reinstated
to at least that rating within sixty (60) days of the delisting; or

 

(l)             (1)
the Primary Servicer fails to deliver by the due date any Exchange Act reporting items required to be delivered to the Master
Servicer, the Certificate Administrator or the Depositor under the Pooling and Servicing Agreement or under this Agreement or
to the master servicer under any other pooling and servicing agreement that the Depositor is a party to, or (2) the Primary
Servicer fails to perform in any material respect any of its covenants or obligations contained in this Agreement regarding creating,
obtaining or delivering any Exchange Act reporting items required under this Agreement or for any party to the Pooling and Servicing
Agreement to perform its obligations under Article XI or under the Exchange Act reporting items required under any other
pooling and servicing agreement that the Depositor is a party to.

 

If any Event
of Default shall occur and be continuing, then, and in each and every such case, so long as such Event of Default shall not have
been remedied, the Master Servicer may terminate, by notice in writing to the Primary Servicer, all of the rights and obligations
of the Primary Servicer as Primary Servicer under this Agreement and in and to the Mortgage Loans and the Serviced Companion Loans
and the proceeds thereof. From and after the receipt by the Primary Servicer of such written notice, all authority and power of
the Primary Servicer under this Agreement, whether with respect to the Mortgage Loans, the Serviced Companion Loans or otherwise,
shall pass to and be vested in the Master Servicer pursuant to and under Section 4.01 of this Agreement, and, without limitation,
the Master Servicer is hereby authorized and empowered to execute and deliver, on behalf of and at the expense of the Primary Servicer,
as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or things
necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement
or assignment of the Mortgage Loans, the Serviced Companion Loans and related documents, or otherwise. The Primary Servicer hereby
acknowledges that the Serviced Companion Noteholders shall be entitled to direct the Master Servicer to replace the Primary Servicer
with a successor sub-servicer for the related Serviced Whole Loan pursuant to Section 7.01(f) of the Pooling and Servicing
Agreement (the “Successor Sub-Servicer”) following an Event of Default with respect to such Serviced Whole Loan.
The Primary Servicer agrees that if it is terminated pursuant to Section 4.01 of this Agreement, it shall promptly (and
in any event no later than five (5) Business Days subsequent to its receipt of the notice of termination) provide the Master Servicer
or the Successor Sub-Servicer, if applicable, with all documents and records (including, without limitation, those in electronic
form) requested by it to enable it to assume the Primary Servicer’s functions hereunder, and shall cooperate with the Master
Servicer or the Successor Sub-Servicer, if applicable, in effecting the termination of the Primary Servicer’s responsibilities
and rights hereunder and the assumption by a successor of the Primary Servicer’s obligations hereunder, including, without
limitation, the transfer within one (1) Business Day to the Master Servicer or the Successor Sub-Servicer, if applicable, for administration
by it of all cash amounts which shall at the time be or should have been credited by the Primary Servicer to the Primary Servicer
Collection Account, the Collection Account, any Servicing Account, or any REO Account, or thereafter be received with respect to
the Mortgage Loans, the Serviced

 

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Companion Loans or any REO Property (provided, however, that the Primary Servicer shall continue
to be entitled to receive all amounts accrued or owing to it under this Agreement on or prior to the date of such termination,
and it and its directors, officers, employees and agents shall continue to be entitled to the benefits of Section 3.03 of
this Agreement notwithstanding any such termination).

 

In addition
to any other rights the Master Servicer may have hereunder, if the Primary Servicer fails to remit to the Master Servicer any amounts
when required to be remitted hereunder, the Primary Servicer shall pay to the Master Servicer interest on the amount of such late
remittance at the Prime Rate, applied on a per diem basis for each day such remittance is late (i.e., said per annum rate divided
by 365 multiplied by the number of days late); but in no event shall such interest be greater than the maximum amount permitted
by law.

 

Section
4.02          
Waiver of Defaults.

 

The Master
Servicer may waive any default by the Primary Servicer in the performance of its obligations hereunder and its consequences. Upon
any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed
to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair
any right consequent thereon except to the extent expressly so waived.

 

Section
4.03          
Other Remedies of Master Servicer.

 

During the
continuance of any Event of Default, so long as such Event of Default shall not have been remedied, the Master Servicer, in addition
to the rights specified in Section 4.01 of this Agreement, shall have the right, in its own name, to take all actions now
or hereafter existing at law, in equity or by statute to enforce its rights and remedies (including the institution and prosecution
of all judicial, administrative and other proceedings and the filing of proofs of claim and debt in connection therewith). Except
as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy,
and each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right
or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Event of Default.

 

ARTICLE V

TERMINATION

 

Section
5.01          
Termination.

 

Except as
otherwise specifically set forth herein, the rights, obligations and responsibilities of the Primary Servicer shall terminate (without
payment of any penalty or termination fee): (i) upon the later of the final payment or other liquidation (or any advance with respect
thereto) of the last Mortgage Loan and the disposition of all REO Property and the remittance of all funds due hereunder; (ii)
by mutual consent of the Primary Servicer and the

 

    26

     

    

 

Master Servicer in writing; (iii) pursuant to Section 5.02 of this Agreement;
(iv) at the option of any purchaser of one or more Mortgage Loans pursuant to the Pooling and Servicing Agreement, upon such purchase
and only with respect to such purchased Mortgage Loan or Mortgage Loans, subject to the Primary Servicer’s rights to retain
any accrued and unpaid fees and expenses; or (v) upon termination of the Pooling and Servicing Agreement.

 

Section
5.02          
Termination With Cause.

 

The Master
Servicer may, at its sole option, terminate any rights the Primary Servicer may have hereunder with respect to any or all of the
Mortgage Loans or the Serviced Companion Loans, as provided in Section 4.01 of this Agreement upon the occurrence of an
Event of Default.

 

Any notice
of termination shall be in writing and delivered to the Primary Servicer as provided in Section 6.05 of this Agreement.

 

Section 5.03          
Termination of Duties with Respect to Specially Serviced Loans.

 

At such
time as any Mortgage Loan or Serviced Companion Loan becomes a Specially Serviced Loan, the obligations and duties of the Primary
Servicer set forth herein with respect to such Specially Serviced Loan that are required to be performed by the Special Servicer
under the Pooling and Servicing Agreement shall cease in accordance with Section 3.01(c) of this Agreement. The Primary
Servicer shall continue to perform all of its duties hereunder with respect to the Specially Serviced Loans to the extent set forth
in Section 3.01 of this Agreement. If a Specially Serviced Loan becomes a Corrected Loan, the Primary Servicer shall commence
servicing such Corrected Loan pursuant to the terms of this Agreement.

 

ARTICLE VI

 

MISCELLANEOUS

 

Section
6.01          
Successor to the Primary Servicer.

 

Contemporaneously with
the termination of the Primary Servicer’s responsibilities and duties under this Agreement pursuant to Section 3.04,
4.01, 5.01 or 5.02 of this Agreement, the Master Servicer shall (i) succeed to and assume all of the Primary
Servicer’s responsibilities, rights, duties and obligations under this Agreement, or (ii) appoint a successor which satisfies
the criteria for a successor Primary Servicer in Section 3.02 of this Agreement and which shall succeed to all rights and
assume all of the responsibilities, duties and liabilities of the Primary Servicer under this Agreement accruing following the
termination of the Primary Servicer’s responsibilities, duties and liabilities under this Agreement.

 

Section
6.02          
Financial Statements.

 

The Primary Servicer
shall, upon the request of the Master Servicer, make available its publicly available financial statements and other records relevant
to the performance of the

 

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Primary Servicer’s obligations hereunder.

 

Section
6.03          
Closing.

 

The closing for the
commencement of the Primary Servicer to perform the servicing responsibilities under this Agreement with respect to the Mortgage
Loans and the Serviced Companion Loans shall take place on the Closing Date. At the Master Servicer’s option, the closing
shall be either by telephone, confirmed by letter or wire as the parties shall agree, or conducted in person, at such place as
the parties shall agree.

 

The closing shall be subject to the execution
and delivery of the Pooling and Servicing Agreement by the parties thereto.

 

Section
6.04          
Closing Documents.

 

The Closing Documents shall consist of all of
the following documents:

 

(a)            to
be provided by the Primary Servicer:

 

(1)            this
Agreement executed by the Primary Servicer;

 

(2)           
an Officer’s Certificate of the Primary Servicer, dated the Closing Date and in the form of Exhibit B
hereto, including all attachments thereto;

 

(3)            Reserved;
and

 

(4)            
the account certifications in the form of Exhibit F hereto required by Section 3.01(c)(4) and (7)
of this Agreement, fully completed; and

 

(b)            to be
provided by the Master Servicer:

 

(1)           
this Agreement executed by the Master Servicer; and

 

(2)           
the Mortgage Loan Schedule, with one copy to be attached to each counterpart of this Agreement as Exhibit
A hereto; and

 

(3)           
the Pooling and Servicing Agreement substantially in the form of Exhibit C hereto.

 

Section
6.05          
Notices.

 

Except as provided
herein, all demands, notices, consents and communications hereunder shall be in writing and shall be deemed to have been duly given
when delivered to the following addresses:

 

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(i)           if to
the Master Servicer:

 

Wells Fargo Bank, National Association

Commercial
Mortgage Servicing

Three Wells Fargo

401 S. Tryon Street, 8th Floor

MAC D1050-084

Charlotte, North Carolina 28202

Reference: MSBAM 2017-C34 Asset Manager

 

with a copy to:

 

Wells Fargo Bank, National Association

Legal Department

301 South College St.

D1053-300

Charlotte, North Carolina 28202

Reference: Commercial Mortgage Servicing Legal Support

 

With a copy to:

 

K&L Gates LLP

Hearst Tower, 47th Floor

214 North Tryon Street

Charlotte, North Carolina 28202

Attention: Stacy G. Ackermann

 

(ii)           if to
the Primary Servicer:

 

KeyBank National Association

11501 Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Michael A. Tilden

Fax No. 877-379-1625

 

with a copy to:

 

Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

Fax No. 816-753-1536

 

or such other address as may hereafter be furnished
to the other party by like notice.

 

Section
6.06          
Severability Clause.

 

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Any part, provision,
representation or warranty of this Agreement which is prohibited or which is held to be void or unenforceable shall be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction as to any Mortgage Loan or Serviced Companion Loan shall not invalidate or render unenforceable
such provision in any other jurisdiction. To the extent permitted by applicable law, the parties hereto waive any provision of
law which prohibits or renders void or unenforceable any provision hereof. If the invalidity of any part, provision, representation
or warranty of this Agreement shall deprive any party of the economic benefit intended to be conferred by this Agreement, the parties
shall negotiate, in good faith, to develop a structure the economic effect of which is nearly as possible the same as the economic
effect of this Agreement without regard to such invalidity.

 

Section
6.07          
Counterparts.

 

This Agreement may
be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts
shall constitute one and the same instrument.

 

Section
6.08          
Governing Law.

 

This Agreement
and any claim, controversy or dispute arising under or related to or in connection with this Agreement, the relationship of the
parties, and/or the interpretation and enforcement of the rights and duties of the parties shall be governed by the laws of the
State of New York without regard to any conflicts of law principles other than Section 5-1401 of the New York General Obligations
Law.

 

Section
6.09          
Protection of Privileged Information.

 

If the Primary
Servicer receives Privileged Information from the Master Servicer with a notice stating that such information is Privileged Information,
the Primary Servicer shall not disclose such Privileged Information to any Person without the prior written consent of the Master
Servicer.

 

Section
6.10          
Intention of the Parties.

 

It is the
intention of the parties that the Master Servicer is conveying, and the Primary Servicer is receiving, only a contract for servicing
the Mortgage Loans and the Serviced Companion Loans. Accordingly, the parties hereby acknowledge that the Trustee remains the sole
and absolute beneficial owner of the Mortgage Loans and all rights related thereto and that the Serviced Companion Noteholders
remain the sole and beneficial owner of their respective Serviced Companion Loan and all rights related thereto.

 

Section
6.11          
Third Party Beneficiary.

 

The Trustee,
for the benefit of the Certificateholders, and the Trustee, as holder of the

 

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Lower-Tier Regular Interests, shall be a third party
beneficiary under this Agreement, provided that, except to the extent the Trustee or its designee assumes the obligations of the
Master Servicer hereunder as contemplated by Section 6.12 of this Agreement, none of the Depositor, the Certificate Administrator,
the Trustee, the Operating Advisor, the Asset Representations Reviewer, the Trust, the Special Servicer, or any Certificateholder
shall have any duties, liabilities or obligations under this Agreement.

 

Section
6.12          
Successors and Assigns; Assignment of Agreement.

 

This Agreement
shall bind and inure to the benefit of and be enforceable by the Primary Servicer and the Master Servicer and the respective successors
and assigns of the Primary Servicer and the Master Servicer. This Agreement shall not be assigned, pledged or hypothecated by the
Primary Servicer to a third party except as otherwise specifically provided for herein. This Agreement may be assumed by the Trustee
if the Trustee has assumed the duties of the Master Servicer or any successor Master Servicer, without cost or obligation to the
assuming party or the Trust Fund, upon the assumption by such party of the obligations, except to the extent they arose prior to
the date of assumption, of the Master Servicer pursuant to Section 7.02 of the Pooling and Servicing Agreement (it being
understood that any such obligations shall be the obligations of the terminated Master Servicer only).

 

Section
6.13          
Waivers.

 

No term
or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party
against whom such waiver or modification is sought to be enforced.

 

Section
6.14          
Exhibits.

 

The exhibits to this Agreement
are hereby incorporated and made a part hereof and are an integral part of this Agreement.

 

Section
6.15          
General Interpretive Principles.

 

The article and section headings
are for convenience of a reference only, and shall not limit or otherwise affect the meaning hereof.

 

Section
6.16          
Complete Agreement.

 

This Agreement
embodies the complete agreement between the parties regarding the subject matter hereof and may not be varied or terminated except
by a written agreement conforming to the provisions of Section 6.18 of this Agreement. All prior negotiations or representations
of the parties are merged into this Agreement and shall have no force or effect unless expressly stated herein.

 

Section
6.17          
Further Agreement.

 

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The Primary
Servicer and the Master Servicer each agree to execute and deliver to the other such reasonable and appropriate additional documents,
instruments or agreements as may be necessary or appropriate to effectuate the purposes of this Agreement.

 

Section
6.18          
Amendments.

 

This Agreement
may only be amended with the consent of the Primary Servicer and the Master Servicer. No amendment to the Pooling and Servicing
Agreement that purports to change the rights or obligations of the Primary Servicer hereunder or under the Pooling and Servicing
Agreement shall be effective against the Primary Servicer without the express written consent of the Primary Servicer. 

 

[Remainder of Page Intentionally Left Blank]

 

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IN WITNESS WHEREOF,
the Primary Servicer and the Master Servicer have caused their names to be signed hereto by their respective officers thereunto
duly authorized as of the date first above written.  

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 	 	 
	 	By:	/s/ MaryKate Walker
	 	 	Name: MaryKate Walker
	 	 	Title:   Vice President

 

MSBAM
2017-C34 

KeyBank Primary Servicing Agreement 

 

     

     

    

  

	 	KEYBANK NATIONAL ASSOCIATION
	 	 	 
	 	By:	/s/ Michael A. Tilden
	 	 	Name: Michael A. Tilden
	 	 	Title: Vice President

 

MSBAM
2017-C34 

KeyBank
Primary Servicing Agreement 

 

     

     

    

 

 

 

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

	Loan No. / Property No.	Property Name	Cut-off Date Balance	Primary Servicing Fee
	2	American Cancer Society Center	$73,200,000	0.01000%1
	5	OKC Outlets	$49,500,000	0.01000%1
	8	Rodin Place	$44,720,000	0.01000%
	14	444 West Ocean	$26,500,000	0.01000%
	18	Sequoia Plaza	$21,600,000	0.06000%
	27	Marina Beach Shopping Center	$9,800,000	0.01000%
	33	Premier Storage	$6,400,000	0.01000%
	41	Candlewood Suites Hopewell	$3,594,071	0.01000%
	44	The Pad at Durango Arby Plaza	$3,350,000	0.01000%
	48	Courtside Apartments Cottonwood	$2,537,000	0.01000%

 

 

1
The Primary Servicing Fee Rate for the Serviced Companion Loans is also 0.0100%

 

    A-1

     

    

 

EXHIBIT B

PRIMARY SERVICER’S OFFICER’S CERTIFICATE

 

I, ___________________ ,
hereby certify that I am the duly elected of [Primary Servicer], a corporation organized under the laws of the State of (the
“Primary Servicer”) and further as follows:

 

(i)            Attached
hereto as Exhibit 1 is a true, correct and complete copy of the articles
of incorporation of the Primary Servicer which are in full force and effect on the date hereof and which have been in effect
without amendment, waiver, rescission or modification since

 

(ii)          
Attached hereto as Exhibit 2 is a true, correct and complete copy of
the by-laws of the Primary Servicer which are in effect on the date hereof and which have been in effect without amendment, waiver,
rescission or modification since

 

(iii)          Attached
hereto as Exhibit 3 is an original certificate of good standing of the
Primary Servicer, issued within ten days of the date hereof, and no event has occurred since the date thereof which would
impair such standing.

 

(iv)          Either
(i) no consent, approval, authorization or order of any court or governmental agency or body is required for the execution,
delivery and performance by the Primary Servicer of or compliance by the Primary Servicer with the Primary Servicing
Agreement or the consummation of the transactions contemplated by the Primary Servicing Agreement; or (ii) any required
consent, approval, authorization or order has been obtained by the Primary Servicer.

 

(v)         
Neither the consummation of the transactions contemplated by, nor the fulfillment of the terms of the Primary Servicing
Agreement, conflicts or will conflict with or results or will result in a breach of or constitutes or will constitute a default
under the charter or by-laws of the Primary Servicer, the terms of any indenture or other agreement or instrument to which the
Primary Servicer is a party or by which it is bound or to which it is subject, or any statute or order, rule, regulation, writ,
injunction or decree of any court, governmental authority or regulatory body to which the Primary Servicer is subject or by which
it is bound.

 

(vi)        
There is no action, suit, proceeding or investigation pending or to the best of my knowledge threatened against the Primary
Servicer which, in our judgment, either in any one instance or in the aggregate, may result in any material adverse change in the
business, operations, financial conditions, properties or assets of the Primary Servicer or in any material impairment of the right
or ability of the Primary Servicer to carry on its business substantially as now conducted or in any material liability on the
part of the Primary Servicer or which would draw into question the validity of the Primary Servicing Agreement or of any action
taken or to be taken in connection with the transactions contemplated hereby, or which would be likely to impair materially the
ability of the Primary Servicer to perform under the terms of the Primary Servicing Agreement.

 

    B-1

     

    

 

(viii)       
Each person listed on Exhibit 5 attached hereto who, as an officer or
representative of the Primary Servicer, signed the Primary Servicing Agreement and any other document delivered prior hereto or
on the date hereof in connection with the Primary Servicing Agreement, was, at the respective times of such signing and delivery,
and is now, a duly elected or appointed, qualified and acting officer or representative of the Primary Servicer, who holds the
office set forth opposite his or her name on Exhibit 5, and the signatures
of such persons appearing on such documents are their genuine signatures.

 

(ix)          
The Primary Servicer is duly authorized to engage in the transactions described and contemplated in the Primary Servicing
Agreement.

 

    B-2

     

    

 

IN WITNESS WHEREOF,
I have hereunto signed my name and affixed the seal of the Primary Servicer.

 

	Dated: 	 	 	By	 	 
	 	 	 	Name: 	 
	 	[Seal]	 	Title: [Vice] President

 

I,
____________________ , an [Assistant] Secretary of [Primary Servicer], hereby certify that___________________________  is
the duly elected, qualified and acting [Vice] President of the Primary Servicer and that the signature appearing above is [her]
[his] genuine signature.

 

IN WITNESS WHEREOF, I have hereunto signed my name.

 

	Dated: 	 	 	By	 	 
	 	 	 	Name: 	 
	 	[Seal]	 	Title: [Vice] President

 

    B-3

     

    

 

EXHIBIT 5 

 

To

 

Primary Servicer’s Officer’s Certificate

 

	Name	 	Title	 	Signature
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    B-4

     

    

 

EXHIBIT C 

POOLING AND SERVICING AGREEMENT

Previously delivered.

 

    C-1

     

    

 

EXHIBIT D

 

RESERVED

 

    D-1

     

    

 

EXHIBIT E

 

QUARTERLY SERVICING CERTIFICATION

 

Primary Servicer:

 

RE: MSBAM 2017-C34

 

Pursuant to the Servicing Agreement(s)
between Wells Fargo Bank, National Association and [Primary Servicer], we certify with respect to each mortgage loan and companion
loan serviced by us for Wells Fargo Bank, National Association that, as of the quarter ending, except as otherwise noted below:

 

All taxes, assessments and other governmental
charges levied against the mortgaged premises, ground rents payable with respect to the mortgaged premises, if any, which would
be delinquent if not paid, have been paid.

 

Based on [Primary Servicer’s] monitoring
of the insurance in accordance with the Servicing Standard, all required insurance policies are in full force and effect on the
mortgaged premises in the form and amount and with the coverage required by the Servicing Agreement(s).

 

All necessary action has been taken to
continue all UCC Financing Statements in favor of the originator of each mortgage loan and companion loan or in favor of any assignee
prior to the expiration of such UCC Financing Statements.

 

All reserves are maintained and disbursed
in accordance with the loan documents and no obligation for which a reserve is held has not been completed within the time required
by the applicable document.

 

	EXCEPTIONS: 	 

	 	 	 
	Servicing Officer	 	Date

 

    E-1

     

    

 

EXHIBIT F 

FORM OF ACCOUNT CERTIFICATION

 

Securitization: __________________________________________________________________________________________________________________

 

Primary Servicer: ________________________________________________________________________________________________________________

 

	 	________	New Account	________	Change of Account Information
	 	 	 
	Indicate purpose of account (check all that apply):	 	 
	 	 	 
	 	________	Principal & Interest	________	Deposit Clearing
	 	________	Taxes & Insurance	________	Disbursement Clearing
	 	________	Reserves (non-interest bearing)	________	Suspense
	 	________	Reserves (interest bearing)		 

 

Account Number: _______________________________________________________________________________________________________________

 

Account Name: _________________________________________________________________________________________________________________

 

Depository Institution (and Branch):

	 	 	 
	   	Name:	___________________________________________________________________________________________________________________
	 	 	 
	 	Street:	___________________________________________________________________________________________________________________

 

	 	 City, State,
    Zip:____________________________________________________________________________________________________________

 

	   	Rating Agency: _____________________________________________	Rating:	_______________________________________________________

 

Please
note that the name of the account must follow the guideline specifications detailed in the applicable agreement.

 

Prepared by: ____________________________________________________________________________________________________________________

 

Signature: ______________________________________________________________________________________________________________________

 

Title: __________________________________________________________________________________________________________________________

 

Date: __________________________________________________________________________________________________________________________

	 	 	 
	Telephone: ______________________________________________________________	 	Fax: ______________________________________________

 

    F-1

     

    

 

EXHIBIT G 

FORM OF

COLLECTION REPORT

 

Series _____

 

Month of __________________

 

	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26	27	28	29	30	31	32	33	34	35	36	37	38	39
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Sched

        Addl

        Sub-Sub

        Fee

	 

        Neg
        Am/

        Deferred
        Int

        Amount

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub

        Serv

        ID

	Master

        Servicer

        Loan#

	Sub-

        Servicer

        Loan#

	 

        Prosp

        ID

	Sched

        Due

        Date

	Begin

        Balance

        Prior
        to Pmt

	Ending

        Balance

        After
        Pmt

	Paid

        Thru

        Date

	Current

        Note

        Rate

	Sub-

        Servicer

        Fee
        Rate

	Sched

        Prin

        Pmt

	Sched

        Int

        Pmt

	Sched

        P&I

        Amount

	Sched

        Sub-Serv

        Fee

	Unsched

        Principal

        Rec’d

	Other

        Principal

        Adjust

	Other

        Interest

        Adjust

	Liq/

        Prepmt

        Date

	Prepmt

        Penalty
        / YM

        Rec’d

	Prepmt

        Int

        Exc/Short

	Liq/

        Prepmt

        Code

	T&I

        Advances

        O/S

	Pmt

        Eff
        Date

        Recd

	Actual

        Principal

        Rec’d

	Actual
                                         (Gross)

        Interest

        Rec’d

	Actual

        Sub-Servicer

        Fee
        Paid

	Addl

        Sub-Sub

        Fee
        Paid

	Actual
                                         (Net)

        Interest

        Rec’d

	Late

        Charges

        Rec’d

	Default

        Interest

        Rec’d

	Assum

        Fees

        Rec’d

	Addl

        Fees

        Rec’d

	 

        Remittance

        Amount

	Actual

        Loan

        Balance

	Total

        Reserve

        Balance

	Pmt

        Loan

        Status

	 

         

        Comments

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	0.00
    	0.00
    	0.00
    	0.00
    	0.00
    	0.00
    	0.00
    	0.00
    	0.00
    	 	0.00
    	0.00
    	 	0.00
    	 	0.00
    	0.00
    	0.00
    	 	 	0.00
    	0.00
    	0.00
    	0.00
    	0.00
    	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	NET REMIT TO MS	             -   	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

	Loan Status	A - payment not received but still in grace period

 

 

 

B - late payment but less than
1 month delinquent

O - Current

1 - One month delinquent

2 - Two months delinquent

3 - Three months delinquent

4 - Assumed Schedule Payment

5 - Prepaid in Full

6 - Specially Serviced

	Prepared By	7 - in foreclosure
	Approved By	9 - REO

10 - DPO

11 - Modification

 

    G-1

     

    

 

EXHIBIT H

 

FORM OF CERTIFICATE OF INSURANCE

 

	Primary Servicer:	 	 

 

		Re:	MSBAM 2017-C34

 

Pursuant to the Primary Servicing Agreement(s)
between Wells Fargo Bank, National Association and [Primary Servicer], based on [Primary Servicer’s] monitoring of the insurance
in accordance with the Servicing Standard, we certify with respect to each Mortgage Loan and Serviced Companion Loan serviced by
us for Wells Fargo Bank, National Association that all required insurance policies are in full force and effect on the mortgaged
premises in the form and amount and with the coverage required by the Servicing Agreement(s).

 

	Servicing Officer	 	Date

 

    H-1

     

    

 

EXHIBIT I

 

NEW LEASE INFORMATION

	 	 	 	 	 	 
	Loan #	 	 Property Type:	 	 Tenant: 	 

	 	 
	Property Name/Address:	 

	 	 	 	 	 	 
	Term (Years, Months):	 	 Sq Ft Gross Rentable:	 	 Net Rentable	 

	 	 	 	 
	Begin Lease Date:	 	 	Retail

	 	 	 	 
	End Lease Date:	 	 	 Office

	 	 	 	 
	Occupancy Date (if diff):	 	 	 Other

	 	 	 	 
	Minimum Rent 	 	 	(S/SF/YR)

	 	 	 	 	 	 
	 	 	(Mo/Yr)	Escalation:	CPI	Other
	Change to	on	 	 	 	 
	Change to	on	 	 	 	 
	Change to	on	 	 	 	 
	Change to	on	 	 	 	 

 

Percentage Rent 

	 	 	 	 
	% Amount	For 	% Rent Due:	 
	 	For	 	Monthly
	 	Up to	 	Quarterly
	 	Up to	 	Annually

	 	 	 	 
	Breakpoint	(S/Yr)  	Sales Report Due:	 
	 	 	 	 	 

	 	 	(Mo/Yr)	 
	Change to	  on	 	Monthly
	Change to	  on	 	Quarterly
	Change to	  on	 	Annually

 

Recoveries 

	 	 	 	 	 	 
	 	Taxes	 	 	Per	 

	 	 	 	 	 	 
	 	Insurance	 	 	Per	 

	 	 	 	 	 	 
	 	Cam	 	 	Per	 

	 	 	 	 	 	 
	 	HVAC	 	 	Per	 

	 	 	 	 	 	 
	 	Adver/Promo	 	 	Per	 

	 	 	 	 	 
	 	 	 	Per	 

	 	 	 	 	 
	 	 	 	Per	 

 	 	 	 	 	 	 
	 	Management	 	 	Per	 

  

    I-1

     

    

 

Renewal Options 

	 	 	 	 	 
	Term	 	 	SF	 

	 	 	 	 	 
	Minimum rent	 	 	Gross Rentable	 

	 	 	 	 	 
	% Rent	 	 	Net Rentable	 

 

Landlord Costs

	 	 	 
	 	Alterations:	 

	 	 	 
	 	Commissions: 	 

	 	 	 
	 	   Moving Allowances:	 

	 	 	 
	 	Buyout Clauses:	 

	 	 	 
	 	   Other:	 

	 	 
	Building Insurance Requirements
	 	Tenant maintains fire & ED on building(s);
will need coverage to renew Does not furnish building coverage

General liability naming landlord mortgagee as additional
insured; will need coverage for review

General liability without mentioning landlord’s
mortgagee; do not need coverage
	 	 
	Waiver of Subrogation
	 	
        N/A

Mutual; will need endorsement

Landlord only; will need endorsement

Tenant only; do not need endorsement

	 	 
	Comments:
	 	 
	Attachments:	 
	 	Original Lease
	 	Original Subordination Agreement

  

    I-2

     

    

 

EXHIBIT J 

 

MONTHLY SERVICING ACCOUNTS
CERTIFICATION

 

	Primary
Servicer:	 	 

 

		Re:	MSBAM 2017-C34

 

Pursuant
to the Servicing Agreement(s) between Wells Fargo Bank, National Association and the above named Servicer, I certify with respect
to each transaction serviced by us, as noted above, for Wells Fargo Bank, National Association that as of (Determination Date)
all collection accounts and servicing accounts have been properly reconciled and the reconciliations have been reviewed and approved
by Servicer’s management, except as otherwise noted below:

 

	EXCEPTIONS: 	 
	

                                                  
	 
	

                                                  
	 

 

	Servicing Officer	 	Date

 

    J-1

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