Document:

Exhibit 10.5

 

 

	 

 

 GS MORTGAGE SECURITIES CORPORATION II,

PURCHASER

 

and

 

MC-FIVE MILE COMMERCIAL MORTGAGE FINANCE
LLC,

SELLER

 

MORTGAGE LOAN PURCHASE AGREEMENT

Dated as of October 1, 2015

 

Series 2015-GC34

	 

 

    	 

    	 

    

 

This Mortgage Loan Purchase
Agreement (“Agreement”), dated as of October 1, 2015, is between GS Mortgage Securities Corporation II, a Delaware
corporation, as purchaser (in such capacity, the “Purchaser”), and MC-Five Mile Commercial Mortgage Finance
LLC, a Delaware limited liability company, as seller (the “Seller”).

 

Capitalized terms used
in this Agreement not defined herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement, dated as
of October 1, 2015 (the “Pooling and Servicing Agreement”), among GS Mortgage Securities Corporation II, as
depositor (in such capacity, the “Depositor”), Wells Fargo Bank, National Association, as master servicer (the
“Master Servicer”), Midland Loan Services, a Division of PNC Bank, National Association, as special servicer
(the “Special Servicer”), Pentalpha Surveillance LLC, as operating advisor, U.S. Bank National Association,
as certificate administrator (in such capacity, the “Certificate Administrator”) and as trustee (in such capacity,
the “Trustee”), pursuant to which the Purchaser will transfer the Mortgage Loans (as defined herein), together
with certain other mortgage loans, to a trust fund and certificates representing ownership interests in the Mortgage Loans, together
with the other mortgage loans, will be issued by the trust fund (the “Trust Fund”). In exchange for the Mortgage
Loans and the other mortgage loans, the Trust Fund will issue to or at the direction of the Depositor certificates to be known
as GS Mortgage Securities Trust 2015-GC34, Commercial Mortgage Pass-Through Certificates, Series 2015-GC34 (collectively, the “Certificates”).
For purposes of this Agreement, “Mortgage Loans” refers to the mortgage loans listed on Exhibit A and
“Mortgaged Properties” refers to the properties securing such Mortgage Loans.

 

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

  

SECTION 1     
Sale and Conveyance of Mortgages; Possession of Mortgage File. The Seller does hereby sell, transfer, assign, set
over and convey to the Purchaser, without recourse (except as otherwise specifically set forth herein), all of its right, title
and interest in and to the Mortgage Loans identified on Exhibit A to this Agreement (the “Mortgage Loan Schedule”)
including all interest and principal received on or with respect to the Mortgage Loans after the Cut-Off Date, notwithstanding
anything herein to the contrary (excluding payments of principal, interest and other amounts due and payable on the Mortgage Loans
on or before the Cut-Off Date and excluding any Loan Seller Defeasance Rights and Obligations with respect to the Mortgage Loans).
Upon the sale of the Mortgage Loans, the ownership of each related Note, the Seller’s interest in the related Mortgage represented
by the Note and the other contents of the related Mortgage File will be vested in the Purchaser and immediately thereafter the
Trustee, and the ownership of records and documents with respect to each Mortgage Loan prepared by or which come into the possession
of the Seller shall immediately vest in the Purchaser and immediately thereafter the Trustee. The Purchaser will sell certain of
the Certificates (the “Public Certificates”) to the underwriters (the “Underwriters”) specified
in the Underwriting Agreement, dated as of October 14, 2015 (the “Underwriting Agreement”), between the Purchaser
and the Underwriters, and the Purchaser will sell certain of the Certificates (the “Private Certificates”) to
the initial purchasers (the “Initial Purchasers” and, collectively with the Underwriters, the “Dealers”)
specified in the Purchase Agreement, dated as of October 14, 2015 (the “Certificate Purchase Agreement”), between
the Purchaser and Initial Purchasers.

 

    	 

    	 

    

 

The sale and conveyance
of the Mortgage Loans is being conducted on an arms-length basis and upon commercially reasonable terms. As consideration for the
Mortgage Loans, the Purchaser shall pay, by wire transfer of immediately available funds, to the Seller or at the Seller’s
direction $116,053,484.02, plus accrued interest on the Mortgage Loans from and including October 1, 2015 to but excluding the
Closing Date (but subject to certain post-settlement adjustment for expenses incurred by the Underwriters and the Initial Purchasers
on behalf of the Depositor and for which the Seller is specifically responsible).

 

The purchase and sale
of the Mortgage Loans shall take place on the Closing Date.

 

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

 

The transfer of each
Mortgage Loan shall be reflected on the Seller’s balance sheets and other financial statements as the sale of such Mortgage
Loan by the Seller to the Purchaser. The Seller intends to treat the transfer of each Mortgage Loan to the Purchaser as a sale
for tax purposes. Following the transfer of the Mortgage Loans by the Seller to the Purchaser, the Seller shall not take any actions
inconsistent with the ownership of the Mortgage Loans by the Purchaser and its assignees.

 

The transfer of each
Mortgage Loan shall be reflected on the Purchaser’s balance sheets and other financial statements as the purchase of such
Mortgage Loan by the Purchaser from the Seller. The Purchaser intends to treat the transfer of each Mortgage Loan from the Seller
as a purchase for tax purposes. The Purchaser shall be responsible for maintaining, and shall maintain, a set of records for each
Mortgage Loan which shall be clearly marked to reflect the transfer of ownership of each Mortgage Loan by the Seller to the Purchaser
pursuant to this Agreement.

 

SECTION 3     
Delivery of Mortgage Loan Documents; Additional Costs and Expenses. (a)  The Purchaser hereby directs the
Seller, and the Seller hereby agrees, such agreement effective upon the transfer of the Mortgage Loans contemplated herein, to
deliver to or deposit with (or cause to be delivered to or deposited with) the Custodian (on behalf of the Trustee), with copies
to be delivered to the Master Servicer and the Special Servicer, respectively, on the dates set forth in Section 2.01 of the
Pooling and Servicing Agreement, all documents, instruments and agreements required to be delivered by the Purchaser, or contemplated
to be delivered by the Seller (whether at the direction of the Purchaser or otherwise), to the Custodian, the Master Servicer and
the Special Servicer, as applicable, with

 

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respect to the Mortgage Loans under Section 2.01 of the Pooling and Servicing Agreement,
and meeting all the requirements of such Section 2.01 of the Pooling and Servicing Agreement; provided that the Seller
shall not be required to deliver any draft documents, privileged or other communications, credit underwriting, due diligence analyses
or data or internal worksheets, memoranda, communications or evaluations.

 

With respect to letters
of credit, the Seller shall deliver to the Master Servicer and the Master Servicer shall hold the original (or copy, if such original
has been submitted by the Seller to the issuing bank to effect an assignment or amendment of such letter of credit (changing the
beneficiary thereof to the Trustee (in care of the Master Servicer) for the benefit of the Certificateholders that may be required
in order for the Master Servicer to draw on such letter of credit on behalf of the Trustee for the benefit of the Certificateholders
in accordance with the applicable terms thereof and/or of the related Loan Documents)) and the Seller shall be deemed to have satisfied
any such delivery requirements by delivering with respect to any letter(s) of credit a copy thereof to the Custodian together with
an Officer’s Certificate of the Seller certifying that such document has been delivered to the Master Servicer or an Officer’s
Certificate from the Master Servicer certifying that it holds the letter(s) of credit pursuant to Section 2.01(b) of the Pooling
and Servicing Agreement. If a letter of credit referred to in the previous sentence is not in a form that would allow the Master
Servicer to draw on such letter of credit on behalf of the Trustee for the benefit of the Certificateholders in accordance with
the applicable terms thereof and/or of the related Loan Documents, the Seller shall deliver the appropriate assignment or amendment
documents (or copies of such assignment or amendment documents if the Seller has submitted the originals to the related issuer
of such letter of credit for processing) to the Master Servicer within 90 days of the Closing Date. The Seller shall pay any costs
of assignment or amendment of such letter(s) of credit required in order for the Master Servicer to draw on such letter(s) of credit
on behalf of the Trustee for the benefit of the Certificateholders and shall cooperate with the reasonable requests of the Master
Servicer or the Special Servicer, as applicable, in connection with effectuating a draw under any such letter of credit prior to
the date such letter of credit is assigned or amended in order that it may be drawn by the Master Servicer on behalf of the Trustee
for the benefit of the Certificateholders.

 

(b)          
The Seller shall deliver to and deposit (or cause to be delivered to and deposited) with the Master Servicer within
five (5) Business Days after the Closing Date: (i) a copy of the Mortgage File; (ii) all documents and records not otherwise
required to be contained in the Mortgage File that (A) relate to the origination and/or servicing and administration of the Mortgage
Loans, (B) are reasonably necessary for the ongoing administration and/or servicing of the Mortgage Loans (including any asset
summaries related to the Mortgage Loans that were delivered to the Rating Agencies in connection with the rating of the Certificates)
or for evidencing or enforcing any of the rights of the holder of the Mortgage Loans or holders of interests therein and (C) are
in the possession or under the control of the Seller; and (iii) all unapplied Escrow Payments and reserve funds in the possession
or under control of the Seller that relate to the Mortgage Loans, together with a statement indicating which Escrow Payments and
reserve funds are allocable to each Mortgage Loan, provided that copies of any document in the Mortgage File and any other
document, record or item referred to above in this sentence that constitutes a Designated Servicing Document shall be delivered
to the Master Servicer on or before the Closing Date; provided that the Seller shall not be required to deliver any draft

 

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documents, privileged or other communications, credit underwriting, due diligence analyses or data or internal worksheets, memoranda,
communications or evaluations.

 

(c)          
With respect to any Mortgage Loan secured by a Mortgaged Property that is subject to a franchise agreement with a related
comfort letter in favor of the Seller that requires notice to or request of the related franchisor to transfer or assign any related
comfort letter to the Trustee for the benefit of the Certificateholders or have a new comfort letter (or any such new document
or acknowledgement as may be contemplated under the existing comfort letter) issued in the name of the Trustee for the benefit
of the Certificateholders, the Seller or its designee shall, within 45 days of the Closing Date (or any shorter period if required
by the applicable comfort letter), provide any such required notice or make any such required request to the related franchisor
for the transfer or assignment of such comfort letter or issuance of a new comfort letter (or any such new document or acknowledgement
as may be contemplated under the existing comfort letter), with a copy of such notice or request to the Custodian (who shall include
such document in the related Mortgage File), the Master Servicer and the Special Servicer, and the Master Servicer shall use reasonable
efforts in accordance with the Servicing Standard to acquire such replacement comfort letter, if necessary (or to acquire any such
new document or acknowledgement as may be contemplated under the existing comfort letter), and the Master Servicer shall, as soon
as reasonably practicable following receipt thereof, deliver the original of such replacement comfort letter, new document or acknowledgement,
as applicable, to the Custodian for inclusion in the Mortgage File.

 

SECTION 4     
Treatment as a Security Agreement. Pursuant to Section 1 hereof, the Seller has conveyed to the Purchaser
all of its right, title and interest in and to the Mortgage Loans. The parties intend that such conveyance of the Seller’s
right, title and interest in and to the Mortgage Loans pursuant to this Agreement shall constitute a purchase and sale and not
a loan. If such conveyance is deemed to be a pledge and not a sale, then the parties also intend and agree that the Seller shall
be deemed to have granted, and in such event does hereby grant, to the Purchaser, a first priority security interest in all of
its right, title and interest in, to and under the Mortgage Loans, all payments of principal or interest on such Mortgage Loans
due after the Cut-Off Date, all other payments made in respect of such Mortgage Loans after the Cut-Off Date (and, in any event,
excluding scheduled payments of principal and interest due on or before the Cut-Off Date) and all proceeds thereof, and that this
Agreement shall constitute a security agreement under applicable law. If such conveyance is deemed to be a pledge and not a sale,
the Seller consents to the Purchaser hypothecating and transferring such security interest in favor of the Trustee and transferring
the obligation secured thereby to the Trustee.

 

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

 

(a)          
it shall cause Anderson McCoy & Orta, P.C. to record and file in the appropriate public recording office for real property
records or UCC financing statements, as appropriate (or, with respect to any assignments that the Custodian has agreed to record
or file pursuant to the Pooling and Servicing Agreement, deliver to the Custodian for such purpose and cause the Custodian to record
and file), each related assignment of Mortgage and assignment of assignment of leases, rents and profits and each related UCC-3
financing statement referred to in the definition of Mortgage File from the Seller to the Trustee as and to the extent contemplated

 

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under Section 2.01(c) of the Pooling and Servicing Agreement. All out of pocket costs and expenses relating to the recordation
or filing of such assignments, assignments of Mortgage and financing statements shall be paid by the Seller. If any such document
or instrument is lost or returned unrecorded or unfiled, as the case may be, because of a defect therein, then the Seller shall
prepare or cause the preparation of a substitute therefor or cure such defect or cause such defect to be cured, as the case may
be, and the Seller shall record or file, or cause AMO to record or file, such substitute or corrected document or instrument or,
with respect to any assignments that the Custodian has agreed to record or file pursuant to the Pooling and Servicing Agreement,
deliver such substitute or corrected document or instrument to the Custodian (or, if the Mortgage Loan is then no longer subject
to the Pooling and Servicing Agreement, the then holder of such Mortgage Loan);

 

(b)          
as to each Mortgage Loan, if the Seller cannot deliver or cause to be delivered the documents and/or instruments referred
to in clauses (2), (3) and (6) (if recorded) and (15) of the definition of “Mortgage File” in the Pooling and Servicing
Agreement solely because of a delay caused by the public recording or filing office where such document or instrument has been
delivered for recordation or filing, as applicable, it shall forward to the Custodian a copy of the original certified by the Seller
to be a true and complete copy of the original thereof submitted for recording. The Seller shall cause each assignment referred
to in Section (5)(a) above that is recorded and the file copy of each UCC-3 assignment referred to in Section (5)(a)
above to reflect that it should be returned by the public recording or filing office to the Custodian or its agent following recording
(or, alternatively, to the Seller or its designee, in which case the Seller shall deliver or cause the delivery of the recorded/filed
original to the Custodian promptly following receipt); provided that, in those instances where the public recording office
retains the original assignment of Mortgage or assignment of Assignment of Leases, the Seller shall obtain therefrom and deliver
to the Custodian a certified copy of the recorded original. On a monthly basis, at the expense of the Seller, the Custodian shall
forward to the Master Servicer a copy of each of the aforementioned assignments following the Custodian’s receipt thereof;

 

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

 

(d)          
the Seller shall provide the Master Servicer the initial data with respect to each Mortgage Loan for the CREFC®
Financial File and the CREFC® Loan Periodic Update File that are required to be prepared by the Master Servicer
pursuant to the Pooling and Servicing Agreement and the Supplemental Servicer Schedule;

 

(e)          
if (during the period of time that the Underwriters are required, under applicable law, to deliver a prospectus related
to the Public Certificates in connection with sales

 

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of the Public Certificates by an Underwriter or a dealer) the Seller has obtained
actual knowledge of undisclosed or corrected information related to an event that occurred prior to the Closing Date, which event
causes there to be an untrue statement of a material fact with respect to the Seller Information in the Prospectus Supplement dated
October 16, 2015 relating to the Public Certificates, the annexes and exhibits thereto and the DVD delivered therewith, or the
Offering Circular dated October 14, 2015 relating to the Private Certificates, the annexes and exhibits thereto and the DVD delivered
therewith (collectively, the “Offering Documents”), or causes there to be an omission to state therein a material
fact with respect to the Seller Information required to be stated therein or necessary to make the statements therein with respect
to the Seller Information, in the light of the circumstances under which they were made, not misleading, then the Seller shall
promptly notify the Dealers and the Depositor. If as a result of any such event the Dealers’ legal counsel determines that
it is necessary to amend or supplement the Offering Documents in order to correct the untrue statement, or to make the statements
therein, in the light of the circumstances when the Offering Documents are delivered to a purchaser, not misleading, or to make
the Offering Documents in compliance with applicable law, the Seller shall (to the extent that such amendment or supplement solely
relates to the Seller Information) at the expense of the Seller, do all things reasonably necessary to assist the Depositor to
prepare and furnish to the Dealers, such amendments or supplements to the Offering Documents as may be necessary so that the Seller
Information in the Offering Documents, as so amended or supplemented, will not contain an untrue statement, will not, in the light
of the circumstances when the Offering Documents are delivered to a purchaser, be misleading and will comply with applicable law.
(All terms under this clause (e) and not otherwise defined in this Agreement shall have the meanings set forth in the Indemnification
Agreement, dated as of October 14, 2015, among the Underwriters, the Initial Purchasers, the Seller and the Purchaser (the “Indemnification
Agreement” and, together with this Agreement, the “Operative Documents”)); and

 

(f)          
for so long as the Trust Fund is subject to the reporting requirements of the Exchange Act, the Seller shall provide the
Depositor and the Certificate Administrator with any Additional Form 10-D Disclosure, any Additional Form 10-K Disclosure and any
Form 8-K Disclosure Information indicated on Exhibit U, Exhibit V and Exhibit Z to the Pooling and Servicing Agreement,
to the extent contemplated to be provided by the Seller, within the time periods set forth in the Pooling and Servicing Agreement;
provided that, in connection with providing Additional Form 10-K Disclosure and the Seller’s reporting obligations
under Item 1119 of Regulation AB, upon reasonable request by the Seller, the Purchaser shall provide the Seller with a list of
all parties to the Pooling and Servicing Agreement and any other Servicing Function Participant.

 

SECTION 6     
Representations and Warranties.

 

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

 

(i)          
The Seller is a limited liability company, duly organized, validly existing and in good standing under the laws of the State
of Delaware with full power and authority to own its assets and conduct its business, is duly qualified as a foreign organization
in good standing in all jurisdictions to the extent such qualification is necessary to hold and sell the Mortgage Loans or otherwise
comply with its obligations

 

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under this Agreement except where the failure to be so qualified would not have a material adverse
effect on its ability to perform its obligations hereunder, and the Seller has taken all necessary action to authorize the execution
and delivery of, and performance under, the Operative Documents and has duly executed and delivered each Operative Document, and
has the power and authority to execute, deliver and perform under each Operative Document and all the transactions contemplated
hereby and thereby, including, but not limited to, the power and authority to sell, assign, transfer, set over and convey the Mortgage
Loans in accordance with this Agreement;

 

(ii)          
Assuming the due authorization, execution and delivery of this Agreement by the Purchaser, this Agreement will constitute
a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such
enforcement may be limited by (A) bankruptcy, insolvency, reorganization, moratorium, liquidation or other similar laws affecting
the enforcement of creditors’ rights generally, (B) general principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law) and (C) public policy considerations underlying the securities laws, to the
extent that such public policy considerations limit the enforceability of the provisions of this Agreement that purport to provide
indemnification for securities laws liabilities;

 

(iii)         
The execution and delivery of each Operative Document by the Seller and the performance of its obligations hereunder and
thereunder will not conflict with any provision of any law or regulation to which the Seller is subject, or conflict with, result
in a breach of, or constitute a default under, any of the terms, conditions or provisions of any of the Seller’s organizational
documents or any agreement or instrument to which the Seller is a party or by which it is bound, or any order or decree applicable
to the Seller, or result in the creation or imposition of any lien on any of the Seller’s assets or property, in each case,
which would materially and adversely affect the ability of the Seller to carry out the transactions contemplated by the Operative
Documents;

 

(iv)         
There is no action, suit, proceeding or investigation pending or, to the Seller’s knowledge, threatened against the
Seller in any court or by or before any other governmental agency or instrumentality which would materially and adversely affect
the validity of the Mortgage Loans or the ability of the Seller to carry out the transactions contemplated by each Operative Document;

 

(v)          
The Seller is not in default with respect to any order or decree of any court or any order, regulation or demand of any
federal, state, municipal or governmental agency, which default might have consequences that, in the Seller’s good faith
and reasonable judgment, is likely to materially and adversely affect the condition (financial or other) or operations of the Seller
or its properties or might have consequences that, in the Seller’s good faith and reasonable judgment, is likely to materially
and adversely affect its performance under any Operative Document;

 

(vi)         
No consent, approval, authorization or order of any court or governmental agency or body is required for the execution,
delivery and performance by the Seller of, or compliance by the Seller with, each Operative Document or the consummation of the

 

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transactions contemplated hereby or thereby, other than those which have been obtained by the Seller;

 

(vii)       
The transfer, assignment and conveyance of the Mortgage Loans by the Seller to the Purchaser is not subject to bulk transfer
laws or any similar statutory provisions in effect in any applicable jurisdiction; and

 

(viii)      
Except for the agreed-upon procedures report obtained from the accounting firm engaged to provide procedures involving a
comparison of information in loan files for the Mortgage Loans to information on a data tape relating to the Mortgage Loans (the
“Accountant’s Due Diligence Report”), the Seller has not obtained (and, through and including the Closing
Date, will not obtain) any “third party due diligence report” (as defined in Rule 15Ga-2 under the Exchange Act) in
connection with the transactions contemplated herein and in the Offering Documents and, except for the accountants with respect
to the Accountants’ Due Diligence Report, the Seller has not employed (and, through and including the Closing Date, will
not employ) any third party to engage in any activity that constitutes “due diligence services” within the meaning
of Rule 17g-10 under the Exchange Act in connection with the transactions contemplated herein and in the Offering Documents. The
Seller further represents and warrants that no portion of the Accountant’s Due Diligence Report contains, with respect to
the information contained therein with respect to the Mortgage Loans, any names, addresses, other personal identifiers or zip codes
with respect to any individuals, or any other personally identifiable or other information that would be associated with an individual,
including without limitation any “nonpublic personal information” within the meaning of Title V of the Gramm-Leach-Bliley
Financial Services Modernization Act of 1999.  The Underwriters and Initial Purchasers are third-party beneficiaries of the
provisions set forth in this Section 6(a)(viii).

 

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

 

(i)          
The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware,
with full corporate power and authority to own its assets and conduct its business, is duly qualified as a foreign corporation
in good standing in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such
qualification, except where the failure to be so qualified would not have a material adverse effect on the ability of the Purchaser
to perform its obligations hereunder, and the Purchaser has taken all necessary action to authorize the execution, delivery and
performance of this Agreement by it, and has duly executed and delivered this Agreement, and has the power and authority to execute,
deliver and perform this Agreement and all the transactions contemplated hereby;

 

(ii)          
Assuming the due authorization, execution and delivery of this Agreement by the Seller, this Agreement will constitute a
legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as
such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium,

 

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liquidation 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 law);

 

(iii)          
The execution and delivery of this Agreement by the Purchaser and the performance of its obligations hereunder will not
conflict with any provision of any law or regulation to which the Purchaser is subject, or conflict with, result in a breach of,
or constitute a default under, any of the terms, conditions or provisions of any of the Purchaser’s organizational documents
or any agreement or instrument to which the Purchaser is a party or by which it is bound, or any order or decree applicable to
the Purchaser, or result in the creation or imposition of any lien on any of the Purchaser’s assets or property, in each
case which would materially and adversely affect the ability of the Purchaser to carry out the transactions contemplated by this
Agreement;

 

(iv)         
There is no action, suit, proceeding or investigation pending or, to the Purchaser’s knowledge, threatened against
the Purchaser in any court or by or before any other governmental agency or instrumentality which would materially and adversely
affect the validity of this Agreement or any action taken in connection with the obligations of the Purchaser contemplated herein,
or which would be likely to impair materially the ability of the Purchaser to perform under the terms of this Agreement;

 

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

 

(vi)         
No consent, approval, authorization or order of any court or governmental agency or body is required for the execution,
delivery and performance by the Purchaser of or compliance by the Purchaser with this Agreement or the consummation of the transactions
contemplated by this Agreement other than those that have been obtained by the Purchaser; and

 

(vii)        
The Purchaser (A) prepared one or more reports on Form ABS-15G (each, a “Form 15G”) containing the findings
and conclusions of the Accountant’s Due Diligence Report and meeting the requirements of that Form 15G, Rule 15Ga-2, and
any other rules and regulations of the Securities and Exchange Commission and the Exchange Act; (B) provided a copy of the final
draft of each such Form 15G to the Underwriters and the Initial Purchasers at least 6 Business Days before the first sale in the
offering contemplated by the Offering Documents; and (C) furnished each such Form 15G to the Securities and Exchange Commission
on EDGAR at least 5 Business Days before the first sale in the offering contemplated by the Offering Documents as required by Rule
15Ga-2.

 

(c)           
The Seller further makes the representations and warranties as to the Mortgage Loans set forth in Exhibit B
to this Agreement as of the Cut-Off Date or such other

 

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date set forth in Exhibit B to this Agreement, which representations
and warranties are subject to the exceptions thereto set forth in Exhibit C to this Agreement.

 

(d)          
Pursuant to the Pooling and Servicing Agreement, if (i) any party thereto discovers or receives notice alleging that any
document constituting a part of a Mortgage File has not been properly executed, is missing, contains information that does not
conform in any material respect with the corresponding information set forth in the Mortgage Loan Schedule, or does not appear
to be regular on its face (each, a “Document Defect”), or discovers or receives notice alleging a breach of
any representation or warranty of the Seller made pursuant to Section 6(c) of this Agreement with respect to any Mortgage
Loan (a “Breach”) or (ii) the Special Servicer or the Purchaser receives a Repurchase Request, then such party
is required to give prompt written notice thereof to the Seller.

 

(e)          
Pursuant to the Pooling and Servicing Agreement, the Special Servicer is required to determine whether any such Document
Defect or Breach with respect to any Mortgage Loan materially and adversely affects, or such Document Defect is deemed in accordance
with Section 2.03 of the Pooling and Servicing Agreement to materially and adversely affect, the value of the Mortgage Loan
or any related REO Property or the interests of the Certificateholders therein or causes any Mortgage Loan to fail to be a Qualified
Mortgage (any such Document Defect shall constitute a “Material Document Defect” and any such Breach shall constitute
a “Material Breach”). If such Document Defect or Breach has been determined to be a Material Document Defect
or Material Breach, then the Special Servicer will be required to give prompt written notice thereof to the Seller. Promptly upon
becoming aware of any such Material Document Defect or Material Breach (including through a written notice given by the Master
Servicer or the Special Servicer, as provided above if the Document Defect or Breach identified therein is a Material Document
Defect or Material Breach, as the case may be), the Seller shall, not later than 90 days from the earlier of the Seller’s
discovery or receipt of notice of, and receipt of a demand to take action with respect to, such Material Document Defect or Material
Breach, as the case may be (or, in the case of a Material Document Defect or Material Breach relating to a Mortgage Loan not being
a “qualified mortgage” within the meaning of the REMIC Provisions, not later than 90 days from any party discovering
such Material Document Defect or Material Breach), cure the same in all material respects (which cure shall include payment of
any losses and Additional Trust Fund Expenses associated therewith) or, if such Material Document Defect or Material Breach, as
the case may be, cannot be cured within such 90 day period, the Seller shall either (i) repurchase the affected Mortgage Loan or
any related REO Property (or the Trust Fund’s interest therein) at the applicable Purchase Price by wire transfer of immediately
available funds to the Collection Account or (ii) substitute a Qualified Substitute Mortgage Loan for such affected Mortgage Loan
(provided that in no event shall any such substitution occur later than the second anniversary of the Closing Date) and pay the
Master Servicer, for deposit into the Collection Account, any Substitution Shortfall Amount in connection therewith; provided,
however, that if (i) such Material Document Defect or Material Breach is capable of being cured but not within such 90 day
period, (ii) such Material Document Defect or Material Breach is not related to any Mortgage Loan’s not being a “qualified
mortgage” within the meaning of the REMIC Provisions and (iii) the Seller has commenced and is diligently proceeding with
the cure of such Material Document Defect or Material Breach within such 90 day period, then the Seller shall have an additional
90 days to complete such cure, or, in the event of a failure to so cure, to complete such repurchase of the related Mortgage Loan

 

    	-10-

    	 

    

 

or substitute a Qualified Substitute Mortgage Loan as described above (it being understood and agreed that, in connection with
the Seller’s receiving such additional 90 day period, the Seller shall deliver an Officer’s Certificate to the Trustee,
the Special Servicer and the Certificate Administrator setting forth the reasons such Material Document Defect or Material Breach
is not capable of being cured within the initial 90 day period and what actions the Seller is pursuing in connection with the cure
thereof and stating that the Seller anticipates that such Material Document Defect or Material Breach will be cured within such
additional 90 day period); and provided, further, that, if any such Material Document Defect is still not cured after
the initial 90 day period and any such additional 90 day period solely due to the failure of the Seller to have received the recorded
document, then the Seller shall be entitled to continue to defer its cure, repurchase or substitution obligations in respect of
such Document Defect so long as the Seller certifies to the Trustee, the Special Servicer and the Certificate Administrator every
30 days thereafter that the Document Defect is still in effect solely because of its failure to have received the recorded document
and that the Seller is diligently pursuing the cure of such defect (specifying the actions being taken), except that no such deferral
of cure, repurchase or substitution may continue beyond the date that is 18 months following the Closing Date. Any such repurchase
or substitution of a Mortgage Loan shall be on a whole loan, servicing released basis. The Seller shall have no obligation to monitor
the Mortgage Loans regarding the existence of a Breach or a Document Defect, but if the Seller discovers a Material Breach or Material
Document Defect with respect to a Mortgage Loan, it will notify the Purchaser. Monthly Payments due with respect to each Qualified
Substitute Mortgage Loan (if any) after the related Due Date in the month of substitution, and Monthly Payments due with respect
to each Mortgage Loan being repurchased or replaced, and received by the Master Servicer or the Special Servicer on behalf of the
Trust, after the related Cut-off Date through, but not including, the related date of repurchase or substitution, shall be part
of the Trust Fund. Monthly Payments due with respect to each Qualified Substitute Mortgage Loan (if any) on or prior to the related
Due Date in the month of substitution, and Monthly Payments due with respect to each Mortgage Loan being repurchased or replaced
and received by the Master Servicer or the Special Servicer on behalf of the Trust after the related date of repurchase or substitution,
shall not be part of the Trust Fund and are to be remitted by the Master Servicer to the Seller effecting the related repurchase
or substitution promptly following receipt.

 

Subject to the Seller’s
right to cure set forth above in this Section 6(e), and further subject to Sections 2.01(b) and 2.01(c) of the Pooling and Servicing
Agreement, failure of the Seller to deliver the documents referred to in clauses (1), (2), (7), (8), (18) and (19) in the definition
of “Mortgage File” in the Pooling and Servicing Agreement in accordance with this Agreement and the Pooling and Servicing
Agreement for any Mortgage Loan shall be deemed a Material Document Defect; provided, however, that no Document Defect
(except such deemed Material Document Defect described above) shall be considered to be a Material Document Defect unless the document
with respect to which the Document Defect exists is required in connection with an imminent enforcement of the lender’s rights
or remedies under the related Mortgage Loan, defending any claim asserted by any Mortgagor or third party with respect to the Mortgage
Loan, establishing the validity or priority of any lien on any collateral securing the Mortgage Loan or for any immediate significant
servicing obligation.

 

(f)          
In connection with any repurchase or substitution of one or more Mortgage Loans pursuant to this Section 6,
the Pooling and Servicing Agreement shall provide

 

    	-11-

    	 

    

 

that the Trustee, the Certificate Administrator, the Custodian, the Master Servicer
and the Special Servicer shall each tender to the repurchasing entity, upon delivery to each of them of a receipt executed by the
repurchasing entity evidencing such repurchase or substitution, all portions of the Mortgage File (including, without limitation,
the Servicing File) and other documents and all escrows and reserve funds pertaining to such Mortgage Loan possessed by it, and
each document that constitutes a part of the Mortgage File shall be endorsed or assigned to the extent necessary or appropriate
to the repurchasing entity or its designee in the same manner, but only if the respective documents have been previously assigned
or endorsed to the Trustee, and pursuant to appropriate forms of assignment, substantially similar to the manner and forms pursuant
to which such documents were previously assigned to the Trustee or as otherwise reasonably requested to effect the retransfer and
reconveyance of the Mortgage Loan and the security therefor to the Seller or its designee; provided that such tender by
the Trustee and the Custodian shall be conditioned upon its receipt from the Master Servicer of a Request for Release and an Officer’s
Certificate to the effect that the requirements for repurchase or substitution have been satisfied.

 

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

 

(h)          
Each party hereto agrees to promptly notify the other party of any breach of a representation or warranty contained in Section
6(c) of this Agreement. The Seller’s obligation to cure any Material Breach or Material Document Defect or to repurchase,
or substitute for, any affected Mortgage Loan pursuant to this Section 6 shall constitute the sole remedy available to the
Purchaser in connection with a breach of any of the Seller’s representations or warranties contained in Section 6(c)
of this Agreement or a Document Defect with respect to any Mortgage Loan.

 

(i)          
The Seller shall promptly notify the Depositor if (i) the Seller receives a Repurchase Communication of a Repurchase
Request (other than from the Depositor), (ii) the Seller repurchases or replaces a Mortgage Loan, (iii) the Seller receives
a Repurchase Communication of a Repurchase Request Withdrawal (other than from the Depositor) or (iv) the Seller rejects or
disputes any Repurchase Request. Each such notice shall be given no later than the tenth (10th) Business Day after (A) with respect
to clauses (i) and (iii) of the preceding sentence, receipt of a Repurchase Communication of a Repurchase Request or a Repurchase
Request Withdrawal, as applicable, and (B) with respect to clauses (ii) and (iv) of the preceding sentence, the occurrence of the
event giving rise to the requirement for such notice, and shall include (1) the identity of the related Mortgage Loan, (2) the
date (x) such Repurchase Communication of such Repurchase Request or Repurchase Request Withdrawal was received, (y) the related
Mortgage Loan was repurchased or replaced or (z) the Repurchase Request was rejected or disputed, as applicable, and (3) if known,
the basis for (x) the Repurchase Request (as asserted in the Repurchase Request) or (y) any rejection or dispute of a Repurchase
Request, as applicable.

 

The Seller shall provide
to the Depositor and the Certificate Administrator the Seller’s “Central Index Key” number assigned by the Securities
and Exchange Commission and a true, correct and complete copy of the relevant portions of any Form ABS-15G that the Seller

 

    	-12-

    	 

    

 

is required
to file with the Securities and Exchange Commission pursuant to Rule 15Ga-1 under the Exchange Act with respect to the Mortgage
Loans on or before the date that is five (5) Business Days before the date such Form ABS-15G is required to be filed with
the Securities and Exchange Commission.

 

In addition, the Seller
shall provide the Depositor, upon request, such other information in its possession as would permit the Depositor to comply with
its obligations under Rule 15Ga-1 under the Exchange Act to disclose fulfilled and unfulfilled repurchase requests. Any such
information requested shall be provided as promptly as practicable after such request is made.

 

The Seller agrees that
no 15Ga-1 Notice Provider will be required to provide information in a 15Ga-1 Notice that is protected by the attorney-client privilege
or attorney work product doctrines. In addition, the Seller hereby acknowledges that (i) any 15Ga-1 Notice provided pursuant
to Section 2.03(a) of the Pooling and Servicing Agreement is so provided only to assist the Seller, the Depositor and their
respective Affiliates to comply with Rule 15Ga-1 under the Exchange Act, Items 1104 and 1121 of Regulation AB and any other
requirement of law or regulation and (ii)(A) no action taken by, or inaction of, a 15Ga-1 Notice Provider and (B) no
information provided pursuant to Section 2.03(a) of the Pooling and Servicing Agreement by a 15Ga-1 Notice Provider in a 15Ga-1
Notice shall be deemed to constitute a waiver or defense to the exercise of any legal right the 15Ga-1 Notice Provider may have
with respect to this Agreement, including with respect to any Repurchase Request that is the subject of a 15Ga-1 Notice.

 

Each party hereto agrees
that the receipt of a 15Ga-1 Notice or the delivery of any notice required to be delivered pursuant to this Section 6(i)
shall not, in and of itself, constitute delivery of notice of, receipt of notice of, or knowledge of the Seller of, any Material
Document Defect or Material Breach.

 

Each party hereto agrees
and acknowledges that, as of the date of this Agreement, the “Central Index Key” number of the Trust Fund is 0001652672.

 

“Repurchase
Communication” means, for purposes of this Section 6(i) only, any communication, whether oral or written, which
need not be in any specific form.

 

SECTION 7     
Review of Mortgage File. The Purchaser shall require the Certificate Administrator pursuant to the Pooling and Servicing
Agreement to review the Mortgage Files pursuant to Section 2.02 of the Pooling and Servicing Agreement and if it finds any
document or documents not to have been properly executed, or to be missing or to be defective on its face in any material respect,
to notify the Purchaser, which shall promptly notify the Seller.

 

SECTION 8     
Conditions to Closing. The obligation of the Seller to sell the Mortgage Loans shall be subject to the Seller having
received the consideration for the Mortgage Loans as contemplated by Section 1 of this Agreement. The obligations of
the Purchaser to purchase the Mortgage Loans shall be subject to the satisfaction, on or prior to the Closing Date, of the following
conditions:

 

    	-13-

    	 

    

 

(a)          
Each of the obligations of the Seller required to be performed by it at or prior to the Closing Date pursuant to the terms
of this Agreement shall have been duly performed and complied with and all of the representations and warranties of the Seller
under this Agreement shall, subject to any applicable exceptions set forth on Exhibit C to this Agreement, be true and correct
in all material respects as of the Closing Date or as of such other date as of which such representation is made under the terms
of Exhibit B to this Agreement, and no event shall have occurred as of the Closing Date which would constitute a default
on the part of the Seller under this Agreement, and the Purchaser shall have received a certificate to the foregoing effect signed
by an authorized officer of the Seller substantially in the form of Exhibit D to this Agreement.

 

(b)          
The Pooling and Servicing Agreement (to the extent it affects the obligations of the Seller hereunder), in such form as
is agreed upon and acceptable to the Purchaser, the Seller, the Underwriters, the Initial Purchasers and their respective counsel
in their reasonable discretion, shall be duly executed and delivered by all signatories as required pursuant to the terms thereof.

 

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

 

(i)           
copies of the Seller’s Articles of Association, charter, by-laws or other organizational documents and all amendments,
revisions, restatements and supplements thereof, certified as of a recent date by the Secretary of the Seller;

 

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

 

(iii)         
an officer’s certificate of the Seller in form reasonably acceptable to the Underwriters, the Initial Purchasers and
each Rating Agency;

 

(iv)        
an opinion of counsel of the Seller, subject to customary exceptions and carve-outs, in form reasonably acceptable to the
Underwriters, the Initial Purchasers and each Rating Agency; and

 

(v)          
a letter from counsel of the Seller substantially to the effect that (a) nothing has come to such counsel’s attention
that would lead such counsel to believe that the agreed upon sections of the Primary Free Writing Prospectus, the Prospectus Supplement,
the Preliminary Offering Circular or the Final Offering Circular (each as defined in the Indemnification Agreement), as of the
date thereof or as of the Closing Date (or, in the case of the Primary Free Writing Prospectus or the Preliminary Offering Circular,
solely as of the time of sale) contained or contain, as applicable, with respect to the Seller or the Mortgage Loans, any untrue
statement of a material fact or omits to state a material fact necessary in order to make the statements therein relating to the
Seller or the Mortgage Loans, in the light of the circumstances under which they were made, not misleading and (b) the Seller Information
(as defined in the Indemnification Agreement)

 

    	-14-

    	 

    

 

in the Prospectus Supplement appears to be appropriately responsive in all material
respects to the applicable requirements of Regulation AB.

 

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

 

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

 

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

 

SECTION 9     
Closing. The closing for the purchase and sale of the Mortgage Loans shall take place at the office of Cadwalader,
Wickersham & Taft LLP, New York, New York, at 10:00 a.m., on the Closing Date or such other place and time as the parties
shall agree.

 

SECTION 10   
Expenses. The Seller will pay its pro rata share (the Seller’s pro rata portion to be determined according
to the percentage that the aggregate principal balance as of the Cut-Off Date of all the Mortgage Loans represents as to the aggregate
principal balance as of the Cut-Off Date of all the mortgage loans to be included in the Trust Fund) of all costs and expenses
of the Purchaser in connection with the transactions contemplated herein, including, but not limited to: (i) the costs and
expenses of the Purchaser in connection with the purchase of the Mortgage Loans; (ii) the costs and expenses of reproducing
and delivering the Pooling and Servicing Agreement and this Agreement and printing (or otherwise reproducing) and delivering the
Certificates; (iii) the reasonable and documented fees, costs and expenses of the Trustee, the Certificate Administrator and
their respective counsel; (iv) the fees and disbursements of a firm of certified public accountants selected by the Purchaser
and the Seller with respect to numerical information in respect of the Mortgage Loans and the Certificates included in the Prospectus,
Primary Free Writing Prospectus, the Prospectus Supplement, the Preliminary Offering Circular, the Final Offering Circular and
any related disclosure for the initial Form 8-K, including the cost of obtaining any “comfort letters” with respect
to such items; (v) the costs and expenses in connection with the qualification or exemption of the Certificates under state securities
or blue sky laws, including filing fees and reasonable fees and disbursements of counsel in connection therewith; (vi) the
costs and expenses in connection with any determination of the eligibility of the Certificates for investment by institutional
investors in any jurisdiction and the preparation of any legal investment survey, including reasonable fees and disbursements of
counsel in connection therewith; (vii) the costs and expenses in connection with printing (or otherwise reproducing) and delivering
the Registration Statement, Prospectus, Primary Free Writing Prospectus, Prospectus Supplement, Preliminary Offering Circular and
Final Offering Circular and the reproducing and delivery of this Agreement and the furnishing to the Underwriters of such copies
of the Registration Statement, Prospectus, Primary Free Writing Prospectus, Prospectus Supplement, Preliminary Offering Circular,
Final Offering Circular and this Agreement as the Underwriters may reasonably request; (viii) the fees of the rating agency
or agencies requested to rate the Certificates; (ix) the reasonable fees and expenses of Cadwalader,

 

    	-15-

    	 

    

 

Wickersham & Taft LLP,
as counsel to the Purchaser; and (x) the reasonable fees and expenses of Orrick, Herrington & Sutcliffe LLP, as counsel to
the Underwriters and the Initial Purchasers.

 

If the Seller elects
to exercise its rights under Section 11.15 of the Pooling and Servicing Agreement, then the Seller shall pay the reasonable
costs and expenses (if any) of the Depositor, Master Servicer, Special Servicer and Trustee resulting from such parties’
obligations to cooperate with the Seller under Section 11.15 of the Pooling and Servicing Agreement.

 

SECTION 11    
Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement
shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable
from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability
of the other provisions of this Agreement. Furthermore, the parties shall in good faith endeavor to replace any provision held
to be invalid or unenforceable with a valid and enforceable provision which most closely resembles, and which has the same economic
effect as, the provision held to be invalid or unenforceable.

 

SECTION 12   
Governing Law. 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 DUTIES 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. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE NEW YORK
GENERAL OBLIGATIONS LAW SHALL APPLY TO THIS AGREEMENT.

 

SECTION 13   
Waiver of Jury Trial. THE PARTIES HERETO HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL
BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM, WHETHER IN CONTRACT, TORT OR OTHERWISE, RELATING DIRECTLY OR INDIRECTLY TO THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

SECTION 14 
Submission to Jurisdiction. EACH OF THE PARTIES HERETO IRREVOCABLY (I) SUBMITS TO THE JURISDICTION OF THE COURTS
OF THE STATE OF NEW YORK LOCATED IN NEW YORK COUNTY AND THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT
OF NEW YORK FOR THE PURPOSE OF ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT; (II) WAIVES, TO THE FULLEST EXTENT PERMITTED
BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM IN ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT; (III) AGREES THAT A FINAL JUDGMENT
IN ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN ANY OTHER JURISDICTION BY SUIT ON
THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW; AND (IV) CONSENTS TO SERVICE OF PROCESS UPON IT BY MAILING A COPY THEREOF
BY CERTIFIED MAIL ADDRESSED TO IT AS PROVIDED FOR NOTICES HEREUNDER AND AGREES THAT

 

    	-16-

    	 

    

 

NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT
SERVICE OF PROCESS IN ANY MANNER PERMITTED BY LAW.

 

SECTION 15    
No Third-Party Beneficiaries. The parties do not intend the benefits of this Agreement to inure to any third party
except as expressly set forth in Section 6(a)(viii) and Section 16.

 

SECTION 16    
Assignment. The Seller hereby acknowledges that the Purchaser has, concurrently with the execution hereof, executed
and delivered the Pooling and Servicing Agreement and that, in connection therewith, it has assigned its rights hereunder to the
Trustee for the benefit of the Certificateholders. The Seller hereby acknowledges its obligations pursuant to Sections 2.01,
2.02 and 2.03 of the Pooling and Servicing Agreement. This Agreement shall bind and inure to the benefit of and be enforceable
by the Seller, the Purchaser and their permitted successors and assigns. Any Person into which the Seller may be merged or consolidated,
or any Person resulting from any merger, conversion or consolidation to which the Seller may become a party, or any Person succeeding
to all or substantially all of the business of the Seller, shall be the successor to the Seller hereunder without any further act.
The warranties and representations and the agreements made by the Seller herein shall survive delivery of the Mortgage Loans to
the Trustee until the termination of the Pooling and Servicing Agreement, but shall not be further assigned by the Trustee to any
Person.

 

SECTION 17    
Notices. All communications hereunder shall be in writing and effective only upon receipt and (i) if sent to the
Purchaser, will be mailed, hand delivered, couriered or sent by facsimile transmission to it at 200 West Street, New York, New
York 10282, to the attention of Leah Nivison, fax number: (212) 428-1439, email: leah.nivison@gs.com, with copies to: Peter Morreale,
fax number: (212) 902-3000, email: peter.morreale@gs.com and Joe Osborne, fax number: (212) 291-5318, email: joe.osborne@gs.com,
(ii) if sent to the Seller, will be mailed, hand delivered, couriered or sent by facsimile transmission or electronic mail and
confirmed to it at MC-Five Mile Commercial Mortgage Finance LLC, 1330 Avenue of the Americas, New York, New York 10019, Attention:
Matthew Philip, Managing Director, fax number (212) 315-9857, and (iii) in the case of any of the preceding parties, such other
address as may hereafter be furnished to the other party in writing by such parties.

 

SECTION 18    
Amendment. This Agreement may be amended only by a written instrument which specifically refers to this Agreement
and is executed by the Purchaser and the Seller. This Agreement shall not be deemed to be amended orally or by virtue of any continuing
custom or practice. No amendment to the Pooling and Servicing Agreement which relates to defined terms contained therein or to
any obligations or rights of the Seller whatsoever shall be effective against the Seller unless the Seller shall have agreed to
such amendment in writing.

 

SECTION 19   
Counterparts. This Agreement may be executed in any number of counterparts, and by the parties hereto in separate
counterparts, each of which when executed and delivered shall be deemed to be an original and all of which taken together shall
constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement in Portable Document
Format (PDF) or by facsimile transmission shall be as effective as delivery of a manually executed original counterpart of this
Agreement.

 

    	-17-

    	 

    

 

SECTION 20   
Exercise of Rights. No failure or delay on the part of any party to exercise any right, power or privilege under
this Agreement and no course of dealing between the Seller and the Purchaser shall operate as a waiver thereof, nor shall any single
or partial exercise of any right, power or privilege under this Agreement preclude any other or further exercise thereof or the
exercise of any other right, power or privilege. Except as set forth in Section 6(h) of this Agreement, the rights
and remedies herein expressly provided are cumulative and not exclusive of any rights or remedies which any party would otherwise
have pursuant to law or equity. No notice to or demand on any party in any case shall entitle such party to any other or further
notice or demand in similar or other circumstances, or constitute a waiver of the right of either party to any other or further
action in any circumstances without notice or demand.

 

SECTION 21    
No Partnership. Nothing herein contained shall be deemed or construed to create a partnership or joint venture between
the parties hereto. Nothing herein contained shall be deemed or construed as creating an agency relationship between the Purchaser
and the Seller and neither party shall take any action which could reasonably lead a third party to assume that it has the authority
to bind the other party or make commitments on such party’s behalf.

 

SECTION 22    
Miscellaneous. This Agreement supersedes all prior agreements and understandings relating to the subject matter hereof.
Neither this Agreement nor any term hereof may be waived, discharged or terminated orally, but only by an instrument in writing
signed by the party against whom enforcement of the waiver, discharge or termination is sought.

 

SECTION 23    
Further Assurances. The Seller and Purchaser each agree to execute and deliver such instruments and take such further
actions as any party hereto may, from time to time, reasonably request in order to effectuate the purposes and carry out the terms
of this Agreement.

 

* * * * * *

 

    	-18-

    	 

    

 

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

 

	 	GS MORTGAGE SECURITIES CORPORATION II
	 	 	 
	 	By:	 /s/ Leah Nivison
	 	 	Name:  Leah Nivison
	 	 	Title: Vice President
	 	 	 
	 	MC-FIVE MILE COMMERCIAL MORTGAGE FINANCE LLC
	 	 	 
	 	By:	 /s/ Erin M. O’Callaghan
	 	 	Name:  Erin M. O’Callaghan
	 	 	Title: Managing Director

 

 

GS 2015-GC34
MC-FIVE MILE MORTGAGE LOAN PURCHASE AGREEMENT

    	 

    	 

    

 

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

    	A-1

    	 

    

 

GC34 ML Schedule

 

	Control Number	 	Footnotes	 	Loan Number	 	Property Name	 	Address	 	City	 	State	 	Zip Code	 	 Cut-Off Date Balance ($) 	 	Mortgage Loan Rate (%)	 	Remaining Term To Maturity (Mos.)	 	Maturity Date	 	Remaining Amortization Term (Mos.)
	8	 	 	 	MC002AB61	 	The Heights at State College Phase III 	 	201 Northwick Boulevard	 	State College	 	Pennsylvania	 	16803	 	24,000,000	 	4.55000%	 	119	 	9/6/2025	 	360
	10	 	 	 	MC002BCF8	 	Woodlands Corporate Center and 7049 Williams Road Portfolio	 	 	 	 	 	 	 	 	 	23,300,000	 	4.87000%	 	119	 	9/6/2025	 	360
	10.01	 	 	 	MC002BCF8 - MC002C085	 	Woodlands West	 	3780, 3784, 3790, 3794 and 3799 Commerce Court	 	North Tonawanda	 	New York	 	14120	 	 	 	 	 	 	 	 	 	 
	10.02	 	 	 	MC002BCF8 - MC002C093	 	Woodlands East	 	3829 and 3949 Forest Parkway	 	North Tonawanda	 	New York	 	14120	 	 	 	 	 	 	 	 	 	 
	10.03	 	 	 	MC002BCF8 - MC002C0A0	 	7049 Williams Road	 	7049 Williams Road	 	Niagara Falls	 	New York	 	14304	 	 	 	 	 	 	 	 	 	 
	11	 	 	 	MC0028B74	 	615 Alpha Drive	 	615 Alpha Drive	 	Pittsburgh	 	Pennsylvania	 	15238	 	19,290,000	 	4.68200%	 	120	 	10/6/2025	 	360
	13	 	 	 	MC00266B5	 	Regalia Mansfield/Dolce	 	350 North State Highway 360	 	Mansfield	 	Texas	 	76063	 	17,050,000	 	4.69000%	 	118	 	8/6/2025	 	360
	26	 	 	 	MC0028F88	 	Artmore Hotel	 	1302 West Peachtree Street Northwest	 	Atlanta	 	Georgia	 	30309	 	10,686,649	 	4.79500%	 	119	 	9/6/2025	 	359
	39	 	 	 	MC0028E48	 	1445 North Loop West	 	1445 North Loop West	 	Houston	 	Texas	 	77008	 	5,785,715	 	4.60000%	 	118	 	8/6/2025	 	358
	40	 	 	 	MC0028928	 	Webster Plaza	 	528 West Bay Area Boulevard	 	Webster	 	Texas	 	77598	 	5,785,247	 	4.44000%	 	118	 	8/6/2025	 	358
	50	 	 	 	MC0029BC1	 	Security Plus Self Storage	 	2253 East University Drive	 	Mesa	 	Arizona	 	85213	 	3,700,000	 	4.49500%	 	118	 	8/6/2025	 	360
	53	 	 	 	MC0029777	 	Midtown Crossing	 	510 Gray Street	 	Houston	 	Texas	 	77002	 	2,650,000	 	5.04000%	 	117	 	7/6/2025	 	342

 

    	 

    	 

    

 

GC34 ML Schedule

 

	Control Number	 	Footnotes	 	Loan Number	 	Property Name	 	Servicing Fee Rate (%)	 	Subservicing Fee Rate (%)	 	Mortgage Loan Seller	 	Crossed Group	 	ARD (Yes / No)	 	Final Maturity Date	 	Revised Rate	 	Companion Loan Flag	 	Companion Loan Cut-off Balance	 	Companion Loan Interest Rate	 	Companion Loan Remaining Term To Maturity / ARD (Mos.)	 	Companion Loan Maturity Date / ARD	 	Companion Loan Remaining Amortization Term (Mos.)
	8	 	 	 	MC002AB61	 	The Heights at State College Phase III 	 	0.00500%	 	0.00000%	 	MC-FiveMile	 	NAP	 	No	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	10	 	 	 	MC002BCF8	 	Woodlands Corporate Center and 7049 Williams Road Portfolio	 	0.00500%	 	0.00000%	 	MC-FiveMile	 	NAP	 	No	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	10.01	 	 	 	MC002BCF8 - MC002C085	 	Woodlands West	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	10.02	 	 	 	MC002BCF8 - MC002C093	 	Woodlands East	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	10.03	 	 	 	MC002BCF8 - MC002C0A0	 	7049 Williams Road	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	11	 	 	 	MC0028B74	 	615 Alpha Drive	 	0.00500%	 	0.00000%	 	MC-FiveMile	 	NAP	 	No	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	13	 	 	 	MC00266B5	 	Regalia Mansfield/Dolce	 	0.00500%	 	0.00000%	 	MC-FiveMile	 	NAP	 	No	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	26	 	 	 	MC0028F88	 	Artmore Hotel	 	0.00500%	 	0.00000%	 	MC-FiveMile	 	NAP	 	No	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	39	 	 	 	MC0028E48	 	1445 North Loop West	 	0.00500%	 	0.00000%	 	MC-FiveMile	 	NAP	 	No	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	40	 	 	 	MC0028928	 	Webster Plaza	 	0.00500%	 	0.00000%	 	MC-FiveMile	 	NAP	 	No	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	50	 	 	 	MC0029BC1	 	Security Plus Self Storage	 	0.00500%	 	0.00000%	 	MC-FiveMile	 	NAP	 	No	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	53	 	 	 	MC0029777	 	Midtown Crossing	 	0.00500%	 	0.00000%	 	MC-FiveMile	 	NAP	 	No	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    

    

    

 

 

EXHIBIT B

MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

 

    	B-1

    	 

    

 

 

MORTGAGE
LOAN REPRESENTATIONS AND WARRANTIES

 

	(1)	Whole
                                         Loan; Ownership of Mortgage Loans. Except with respect to a Mortgage Loan that is
                                         part of a Whole Loan, each Mortgage Loan is a whole loan and not a participation interest
                                         in a Mortgage Loan. Each Mortgage Loan that is part of a Whole Loan is a senior or pari
                                         passu portion of a whole loan evidenced by a senior or pari
                                         passu note. At the time of the sale, transfer and assignment to Depositor,
                                         no Mortgage Note or Mortgage was subject to any assignment (other than assignments to
                                         the Sponsor), participation or pledge, and the Sponsor had good title to, and was the
                                         sole owner of, each Mortgage Loan free and clear of any and all liens, charges, pledges,
                                         encumbrances, participations, any other ownership interests on, in or to such Mortgage
                                         Loan other than any servicing rights appointment, or similar agreement, and rights of
                                         the holder of a related Companion Loan pursuant to a Co-Lender Agreement. Sponsor has
                                         full right and authority to sell, assign and transfer each Mortgage Loan, and the assignment
                                         to Depositor constitutes a legal, valid and binding assignment of such Mortgage Loan
                                         free and clear of any and all liens, pledges, charges or security interests of any nature
                                         encumbering such Mortgage Loan other than the rights of the holder of a related Companion
                                         Loan pursuant to a Co-Lender Agreement.

 

	(2)	Loan
                                         Document Status. Each related Mortgage Note, Mortgage, Assignment of Leases (if a
                                         separate instrument), guaranty and other agreement executed by or on behalf of the related
                                         Mortgagor, guarantor or other obligor in connection with such Mortgage Loan is the legal,
                                         valid and binding obligation of the related Mortgagor, guarantor or other obligor (subject
                                         to any non-recourse provisions contained in any of the foregoing agreements and any applicable
                                         state anti-deficiency or market value limit deficiency legislation), as applicable, and
                                         is enforceable in accordance with its terms, except (i) as such enforcement may
                                         be limited by (a) bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium
                                         or other similar laws affecting the enforcement of creditors’ rights generally
                                         and (b) general principles of equity (regardless of whether such enforcement is
                                         considered in a proceeding in equity or at law) and (ii) that certain provisions
                                         in such Loan Documents (including, without limitation, provisions requiring the payment
                                         of default interest, late fees or prepayment/yield maintenance fees, charges and/or premiums)
                                         are, or may be, further limited or rendered unenforceable by or under applicable law,
                                         but (subject to the limitations set forth in clause (i) above) such limitations
                                         or unenforceability will not render such Loan Documents invalid as a whole or materially
                                         interfere with the Mortgagee’s realization of the principal benefits and/or security
                                         provided thereby (clauses (i) and (ii) collectively, the “Standard Qualifications”).

 

Except
as set forth in the immediately preceding sentence, there is no valid offset, defense, counterclaim or right of rescission available
to the related Mortgagor with respect to any of the related Mortgage Notes, Mortgages or other Loan Documents, including, without
limitation, any such valid offset, defense, counterclaim or right based on intentional fraud by the Sponsor in connection with
the origination of the Mortgage Loan, that would deny the Mortgagee the principal benefits intended to be provided by the Mortgage
Note, Mortgage or other Loan Documents.

 

	(3)	Mortgage
                                         Provisions. The Loan Documents for each Mortgage Loan contain provisions that render
                                         the rights and remedies of the holder thereof adequate for the practical realization
                                         against the Mortgaged Property of the principal benefits of the security intended to
                                         be provided thereby, including realization by judicial or, if applicable, nonjudicial
                                         foreclosure subject to the limitations set forth in the Standard Qualifications.

 

	(4)	Mortgage
                                         Status; Waivers and Modifications. Since origination and except by written instruments
                                         set forth in the related Mortgage File (a) the material terms of such Mortgage,
                                         Mortgage Note, Mortgage Loan guaranty, and related Loan Documents have not been waived,
                                         impaired, modified, altered, satisfied, canceled, subordinated or rescinded in any respect
                                         which materially interferes with the security intended to be provided by such Mortgage;
                                         (b) no related Mortgaged Property or any portion thereof has been released from
                                         the lien of the related Mortgage in any manner which materially interferes with the security
                                         intended to be provided by such Mortgage or

 

    	B-2

    	 

    

 

		the use or operation of the remaining
                              portion of such Mortgaged Property; and (c) neither the related Mortgagor nor the related guarantor
                              has been released from its material obligations under the Mortgage Loan.

 

	(5)	Lien;
                                         Valid Assignment. Subject to the Standard Qualifications, each assignment of Mortgage
                                         and assignment of Assignment of Leases to the Issuing Entity constitutes a legal, valid
                                         and binding assignment to the Issuing Entity. Each related Mortgage and Assignment of
                                         Leases is freely assignable without the consent of the related Mortgagor. Each related
                                         Mortgage is a legal, valid and enforceable first lien on the related Mortgagor’s
                                         fee (or if identified on the Mortgage Loan Schedule, leasehold) interest in the Mortgaged
                                         Property in the principal amount of such Mortgage Loan or allocated loan amount (subject
                                         only to Permitted Encumbrances (as defined below) and the exceptions to paragraph (6)
                                         below (each such exception, a “Title Exception”)), except as the enforcement
                                         thereof may be limited by the Standard Qualifications. Such Mortgaged Property (subject
                                         to and excepting Permitted Encumbrances and the Title Exceptions) as of origination was,
                                         and as of the Cut-off Date, to the Sponsor’s knowledge, is free and clear of any
                                         recorded mechanics’ liens, recorded materialmen’s liens and other recorded
                                         encumbrances which are prior to or equal with the lien of the related Mortgage, except
                                         those which are bonded over, escrowed for or insured against by a lender’s title
                                         insurance policy (as described below), and, to the Sponsor’s knowledge and subject
                                         to the rights of tenants (as tenants only) (subject to and excepting Permitted Encumbrances
                                         and the Title Exceptions), no rights exist which under law could give rise to any such
                                         lien or encumbrance that would be prior to or equal with the lien of the related Mortgage,
                                         except those which are bonded over, escrowed for or insured against by a lender’s
                                         title insurance policy (as described below). Notwithstanding anything in this representation
                                         to the contrary, no representation is made as to the perfection of any security interest
                                         in rents or other personal property to the extent that possession or control of such
                                         items or actions other than the filing of Uniform Commercial Code financing statements
                                         is required in order to effect such perfection.

 

	(6)	Permitted
Liens; Title Insurance. Each Mortgaged Property securing a Mortgage Loan is covered by an American Land Title Association
loan title insurance policy or a comparable form of loan title insurance policy approved for use in the applicable jurisdiction
(or, if such policy is yet to be issued, by a pro forma policy, a preliminary title policy with escrow instructions or a “marked
up” commitment, in each case binding on the title insurer) (the “Title Policy”) in the original principal amount
of such Mortgage Loan (or with respect to a Mortgage Loan secured by multiple properties, an amount equal to at least the allocated
loan amount with respect to the Title Policy for each such property) after all advances of principal (including any advances held
in escrow or reserves), that insures for the benefit of the owner of the indebtedness secured by the Mortgage, the first priority
lien of the Mortgage, which lien is subject only to (a) the lien of current real property taxes, water charges, sewer rents
and assessments due and payable but not yet delinquent; (b) covenants, conditions and restrictions, rights of way, easements
and other matters of public record; (c) the exceptions (general and specific) and exclusions set forth in such Title Policy;
(d) other matters to which like properties are commonly subject; (e) the rights of tenants (as tenants only) under leases
(including subleases) pertaining to the related Mortgaged Property and condominium declarations; and (f) if the related Mortgage
Loan constitutes a Cross-Collateralized Mortgage Loan, the lien of the Mortgage for another Mortgage Loan contained in the same
Cross-Collateralized Group; and (g) if the related Mortgage Loan is part of a Whole Loan, the rights of the holder(s) of
the related Companion Loan(s) pursuant to the related Co-Lender Agreement; provided that none of items (a) through
(g), individually or in the aggregate, materially and adversely interferes with the value or current use of the Mortgaged Property
or the security intended to be provided by such Mortgage or the Mortgagor’s ability to pay its obligations when they become
due (collectively, the “Permitted Encumbrances”). Except as contemplated by clause (f) of the preceding
sentence, none of the Permitted Encumbrances are mortgage liens that are senior to or coordinate and co-equal with the lien of
the related Mortgage. Such Title Policy (or, if it has yet to be issued, the coverage to be provided thereby) is in full force
and effect, all premiums thereon have been paid and no claims have been made by the Sponsor thereunder and no claims have been
paid thereunder. Neither the Sponsor, nor to the Sponsor’s knowledge,

 

    	B-3

    	 

    

 

		any other holder of the Mortgage Loan,
                              has done, by act or omission, anything that would materially impair the coverage under such Title
                              Policy.

 

	(7)	Junior
                                         Liens. It being understood that B notes secured by the same Mortgage as a Mortgage
                                         Loan are not subordinate mortgages or junior liens, except for any Mortgage Loan that
                                         is cross-collateralized and cross-defaulted with another Mortgage Loan, there are no
                                         subordinate mortgages or junior liens securing the payment of money encumbering the related
                                         Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes
                                         and assessments, mechanics and materialmens liens (which are the subject of the representation
                                         in paragraph (5) above), and equipment and other personal property financing). Except
                                         as set forth on an exhibit to the applicable Mortgage Loan Purchase Agreement, the Sponsor
                                         has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

 

	(8)	Assignment
                                         of Leases and Rents. There exists as part of the related Mortgage File an Assignment
                                         of Leases (either as a separate instrument or incorporated into the related Mortgage).
                                         Subject to the Permitted Encumbrances and the Title Exceptions, each related Assignment
                                         of Leases creates a valid first-priority collateral assignment of, or a valid first-priority
                                         lien or security interest in, rents and certain rights under the related lease or leases,
                                         subject only to a license granted to the related Mortgagor to exercise certain rights
                                         and to perform certain obligations of the lessor under such lease or leases, including
                                         the right to operate the related leased property, except as the enforcement thereof may
                                         be limited by the Standard Qualifications. The related Mortgage or related Assignment
                                         of Leases, subject to applicable law, provides that, upon an event of default under the
                                         Mortgage Loan, a receiver is permitted to be appointed for the collection of rents or
                                         for the related Mortgagee to enter into possession to collect the rents or for rents
                                         to be paid directly to the Mortgagee.

 

	(9)	UCC
                                         Filings. If the related Mortgaged Property is operated as a hospitality property,
                                         the Sponsor has filed and/or recorded or caused to be filed and/or recorded (or, if not
                                         filed and/or recorded, submitted in proper form for filing and/or recording), UCC financing
                                         statements in the appropriate public filing and/or recording offices necessary at the
                                         time of the origination of the Mortgage Loan to perfect a valid security interest in
                                         all items of physical personal property reasonably necessary to operate such Mortgaged
                                         Property owned by such Mortgagor and located on the related Mortgaged Property (other
                                         than any non-material personal property, any personal property subject to a purchase
                                         money security interest, a sale and leaseback financing arrangement as permitted under
                                         the terms of the related Mortgage Loan documents or any other personal property leases
                                         applicable to such personal property), to the extent perfection may be effected pursuant
                                         to applicable law by recording or filing, as the case may be. Subject to the Standard
                                         Qualifications, each related Mortgage (or equivalent document) creates a valid and enforceable
                                         lien and security interest on the items of personalty described above. No representation
                                         is made as to the perfection of any security interest in rents or other personal property
                                         to the extent that possession or control of such items or actions other than the filing
                                         of UCC financing statements are required in order to effect such perfection.

 

	(10)	Condition
                                         of Property. The Sponsor or the originator of the Mortgage Loan inspected or caused
                                         to be inspected each related Mortgaged Property within six months of origination of the
                                         Mortgage Loan and within thirteen months of the Cut-off Date.

 

An
engineering report or property condition assessment was prepared in connection with the origination of each Mortgage Loan no more
than thirteen months prior to the Cut-off Date. To the Sponsor’s knowledge, based solely upon due diligence customarily
performed in connection with the origination of comparable mortgage loans, as of the Closing Date, each related Mortgaged Property
was free and clear of any material damage (other than deferred maintenance for which escrows were established at origination)
that would affect materially and adversely the use or value of such Mortgaged Property as security for the Mortgage Loan.

 

	(11)	Taxes
                                         and Assessments. All taxes, governmental assessments and other outstanding governmental
                                         charges (including, without limitation, water and sewage charges), or installments thereof,
                                         which could be a lien on the related Mortgaged Property that would be of equal or superior
                                         priority to the lien of the Mortgage and that prior to the Cut-off Date have become

 

    	B-4

    	 

    

 

		delinquent in respect of each related
                                Mortgaged Property have been paid, or an escrow of funds has been established in an amount sufficient
                                to cover such payments and reasonably estimated interest and penalties, if any, thereon. For purposes
                                of this representation and warranty, real estate taxes and governmental assessments and other
                                outstanding governmental charges and installments thereof shall not be considered delinquent until
                                the earlier of (a) the date on which interest and/or penalties would first be payable thereon
                                and (b) the date on which enforcement action is entitled to be taken by the related taxing
                                authority.

 

	(12)	Condemnation.
                                         As of the date of origination and to the Sponsor’s knowledge as of the Cut-off
                                         Date, there is no proceeding pending, and, to the Sponsor’s knowledge as of the
                                         date of origination and as of the Cut-off Date, there is no proceeding threatened, for
                                         the total or partial condemnation of such Mortgaged Property that would have a material
                                         adverse effect on the value, use or operation of the Mortgaged Property.

 

	(13)	Actions
                                         Concerning Mortgage Loan. As of the date of origination and to the Sponsor’s
                                         knowledge as of the Cut-off Date, there was no pending or filed action, suit or proceeding,
                                         arbitration or governmental investigation involving any Mortgagor, guarantor, or Mortgagor’s
                                         interest in the Mortgaged Property, an adverse outcome of which would reasonably be expected
                                         to materially and adversely affect (a) such Mortgagor’s title to the Mortgaged
                                         Property, (b) the validity or enforceability of the Mortgage, (c) such Mortgagor’s
                                         ability to perform under the related Mortgage Loan, (d) such guarantor’s ability
                                         to perform under the related guaranty, (e) the principal benefit of the security
                                         intended to be provided by the Mortgage Loan documents or (f) the current principal
                                         use of the Mortgaged Property.

 

	(14)	Escrow
                                         Deposits. All escrow deposits and payments required to be escrowed with Mortgagee
                                         pursuant to each Mortgage Loan are in the possession, or under the control, of the Sponsor
                                         or its servicer, and there are no deficiencies (subject to any applicable grace or cure
                                         periods) in connection therewith, and all such escrows and deposits (or the right thereto)
                                         that are required to be escrowed with Mortgagee under the related Loan Documents are
                                         being conveyed by the Sponsor to Depositor or its servicer.

 

	(15)	No
                                         Holdbacks. The principal amount of the Mortgage Loan stated on the Mortgage Loan
                                         Schedule has been fully disbursed as of the Closing Date and there is no requirement
                                         for future advances thereunder (except in those cases where the full amount of the Mortgage
                                         Loan has been disbursed but a portion thereof is being held in escrow or reserve accounts
                                         pending the satisfaction of certain conditions relating to leasing, repairs or other
                                         matters with respect to the related Mortgaged Property, the Mortgagor or other considerations
                                         determined by Sponsor to merit such holdback).

 

	(16)	Insurance.
                                         Each related Mortgaged Property is, and is required pursuant to the related Mortgage
                                         to be, insured by a property insurance policy providing coverage for loss in accordance
                                         with coverage found under a “special cause of loss form” or “all risk
                                         form” that includes replacement cost valuation issued by an insurer meeting the
                                         requirements of the related Loan Documents and having a claims-paying or financial strength
                                         rating of at least “A-:VIII” from A.M. Best Company or “A3” (or
                                         the equivalent) from Moody’s Investors Service, Inc. or “A-” from Standard
                                         & Poor’s Ratings Services (collectively the “Insurance Rating Requirements”),
                                         in an amount (subject to a customary deductible) not less than the lesser of (1) the
                                         original principal balance of the Mortgage Loan and (2) the full insurable value on a
                                         replacement cost basis of the improvements, furniture, furnishings, fixtures and equipment
                                         owned by the Mortgagor and included in the Mortgaged Property (with no deduction for
                                         physical depreciation), but, in any event, not less than the amount necessary or containing
                                         such endorsements as are necessary to avoid the operation of any coinsurance provisions
                                         with respect to the related Mortgaged Property.

 

Each
related Mortgaged Property is also covered, and required to be covered pursuant to the related Loan Documents, by business interruption
or rental loss insurance which (subject to a customary deductible) covers a period of not less than 12 months (or with respect
to each Mortgage Loan on a single asset with a principal balance of $50 million or more, 18 months).

 

    	B-5

    	 

    

 

If
any material part of the improvements, exclusive of a parking lot, located on a Mortgaged Property is in an area identified in
the Federal Register by the Federal Emergency Management Agency as a “Special Flood Hazard Area,” the related Mortgagor
is required to maintain insurance in the maximum amount available under the National Flood Insurance Program.

 

If
the Mortgaged Property is located within 25 miles of the coast of the Gulf of Mexico or the Atlantic coast of Florida, Georgia,
South Carolina or North Carolina, the related Mortgagor is required to maintain coverage for windstorm and/or windstorm related
perils and/or “named storms” issued by an insurer meeting the Insurance Rating Requirements or endorsement covering
damage from windstorm and/or windstorm related perils and/or named storms.

 

The
Mortgaged Property is covered, and required to be covered pursuant to the related Loan Documents, by a commercial general liability
insurance policy issued by an insurer meeting the Insurance Rating Requirements including coverage for property damage, contractual
damage and personal injury (including bodily injury and death) in amounts as are generally required by prudent institutional commercial
mortgage lenders, and in any event not less than $1 million per occurrence and $2 million in the aggregate.

 

An
architectural or engineering consultant has performed an analysis of each of the Mortgaged Properties located in seismic zones
3 or 4 in order to evaluate the structural and seismic condition of such property, for the sole purpose of assessing the scenario
expected limit (“SEL”) for the Mortgaged Property in the event of an earthquake. In such instance, the SEL was based
on a 475-year return period, an exposure period of 50 years and a 10% probability of exceedance. If the resulting report concluded
that the SEL would exceed 20% of the amount of the replacement costs of the improvements, earthquake insurance on such Mortgaged
Property was obtained from an insurer rated at least “A:VIII” by A.M. Best Company or “A3” (or the equivalent)
from Moody’s Investors Service, Inc. or “A-” by Standard & Poor’s Ratings Services in an amount not
less than 100% of the SEL.

 

The
Loan Documents require insurance proceeds in respect of a property loss to be applied either (a) to the repair or restoration
of all or part of the related Mortgaged Property, with respect to all property losses in excess of 5% of the then outstanding
principal amount of the related Mortgage Loan (or related Whole Loan), the Mortgagee (or a trustee appointed by it) having the
right to hold and disburse such proceeds as the repair or restoration progresses, or (b) to the payment of the outstanding
principal balance of such Mortgage Loan together with any accrued interest thereon.

 

All
premiums on all insurance policies referred to in this section required to be paid as of the Cut-off Date have been paid, and
such insurance policies name the Mortgagee under the Mortgage Loan and its successors and assigns as a loss payee under a mortgagee
endorsement clause or, in the case of the general liability insurance policy, as named or additional insured. Such insurance
policies will inure to the benefit of the Trustee. Each related Mortgage Loan obligates the related Mortgagor to maintain all
such insurance and, at such Mortgagor’s failure to do so, authorizes the Mortgagee to maintain such insurance at the Mortgagor’s
reasonable cost and expense and to charge such Mortgagor for related premiums. All such insurance policies (other than commercial
liability policies) require at least 10 days’ prior notice to the Mortgagee of termination or cancellation arising
because of nonpayment of a premium and at least 30 days prior notice to the Mortgagee of termination or cancellation (or
such lesser period, not less than 10 days, as may be required by applicable law) arising for any reason other than non-payment
of a premium and no such notice has been received by the Sponsor.

 

	(17)	Access;
                                         Utilities; Separate Tax Lots. Each Mortgaged Property (a) is located on or adjacent
                                         to a public road and has direct legal access to such road, or has access via an irrevocable
                                         easement or irrevocable right of way permitting ingress and egress to/from a public road,
                                         (b) is served by or has uninhibited access rights to public or private water and
                                         sewer (or well and septic) and all required utilities, all of which are appropriate for
                                         the current use of the Mortgaged Property, and (c) constitutes one or more separate
                                         tax parcels which do not include any property which is not part of the Mortgaged Property
                                         or is subject to an endorsement under the related Title Policy insuring the Mortgaged
                                         Property, or in certain cases, an application has been, or will be, made to

 

    	B-6

    	 

    

 

		the applicable governing authority for
                              creation of separate tax lots, in which case the Mortgage Loan requires the Mortgagor to escrow
                              an amount sufficient to pay taxes for the existing tax parcel of which the Mortgaged Property is
                              a part until the separate tax lots are created.

 

	(18)	No
                                         Encroachments. To the Sponsor’s knowledge based solely on surveys obtained
                                         in connection with origination and the Mortgagee’s Title Policy (or, if such policy
                                         is not yet issued, a pro forma title policy, a preliminary title policy with escrow instructions
                                         or a “marked up” commitment) obtained in connection with the origination
                                         of each Mortgage Loan, all material improvements that were included for the purpose of
                                         determining the appraised value of the related Mortgaged Property at the time of the
                                         origination of such Mortgage Loan are within the boundaries of the related Mortgaged
                                         Property, except encroachments that do not materially and adversely affect the value
                                         or current use of such Mortgaged Property or for which insurance or endorsements were
                                         obtained under the Title Policy. No improvements on adjoining parcels encroach onto the
                                         related Mortgaged Property except for encroachments that do not materially and adversely
                                         affect the value or current use of such Mortgaged Property or for which insurance or
                                         endorsements were obtained under the Title Policy. No improvements encroach upon any
                                         easements except for encroachments the removal of which would not materially and adversely
                                         affect the value or current use of such Mortgaged Property or for which insurance or
                                         endorsements were obtained under the Title Policy.

 

	(19)	No
                                         Contingent Interest or Equity Participation. No Mortgage Loan has a shared appreciation
                                         feature, any other contingent interest feature or a negative amortization feature (except
                                         that an ARD Loan may provide for the accrual of the portion of interest in excess of
                                         the rate in effect prior to its Anticipated Repayment Date) or an equity participation
                                         by Sponsor.

 

	(20)	REMIC.
                                         The Mortgage Loan is a “qualified mortgage” within the meaning of Section 860G(a)(3)
                                         of the Code (but determined without regard to the rule in Treasury Regulations Section 1.860G-2(f)(2)
                                         that treats certain defective mortgage loans as qualified mortgages), and, accordingly,
                                         (A) the issue price of the Mortgage Loan to the related Mortgagor at origination
                                         did not exceed the non-contingent principal amount of the Mortgage Loan and (B) either:
                                         (a) such Mortgage Loan is secured by an interest in real property (including buildings
                                         and structural components thereof, but excluding personal property) having a fair market
                                         value (i) at the date the Mortgage Loan (or related Whole Loan) was originated at
                                         least equal to 80% of the adjusted issue price of the Mortgage Loan (or related Whole
                                         Loan) on such date or (ii) at the Closing Date at least equal to 80% of the adjusted
                                         issue price of the Mortgage Loan (or related Whole Loan) on such date, provided
                                         that for purposes hereof, the fair market value of the real property interest must first
                                         be reduced by (A) the amount of any lien on the real property interest that is senior
                                         to the Mortgage Loan and (B) a proportionate amount of any lien that is in parity
                                         with the Mortgage Loan; or (b) substantially all of the proceeds of such Mortgage
                                         Loan were used to acquire, improve or protect the real property which served as the only
                                         security for such Mortgage Loan (other than a recourse feature or other third party credit
                                         enhancement within the meaning of Treasury Regulations Section 1.860G-2(a)(1)(ii)).
                                         If the Mortgage Loan was “significantly modified” prior to the Closing Date
                                         so as to result in a taxable exchange under Section 1001 of the Code, it either
                                         (x) was modified as a result of the default or reasonably foreseeable default of
                                         such Mortgage Loan or (y) satisfies the provisions of either sub-clause (B)(a)(i) above
                                         (substituting the date of the last such modification for the date the Mortgage Loan was
                                         originated) or sub-clause (B)(a)(ii), including the proviso thereto. Any prepayment
                                         premium and yield maintenance charges applicable to the Mortgage Loan constitute “customary
                                         prepayment penalties” within the meaning of Treasury Regulations Section 1.860G-1(b)(2).
                                         All terms used in this paragraph shall have the same meanings as set forth in the related
                                         Treasury Regulations.

 

	(21)	Compliance
                                         with Usury Laws. The Mortgage Rate (exclusive of any default interest, late charges,
                                         yield maintenance charge, or prepayment premiums) of such Mortgage Loan complied as of
                                         the date of origination with, or was exempt from, applicable state or federal laws, regulations
                                         and other requirements pertaining to usury.

 

	(22)	Authorized
                                         to do Business. To the extent required under applicable law, as of the Cut-off Date
                                         or as of the date that such entity held the Mortgage Note, each holder of the Mortgage
                                         Note was

 

    	B-7

    	 

    

 

		authorized to originate, acquire and/or
                              hold (as applicable) the Mortgage Note in the jurisdiction in which each related Mortgaged Property
                              is located, or the failure to be so authorized does not materially and adversely affect the enforceability
                              of such Mortgage Loan by the Trust.

 

	(23)	Trustee
                                         under Deed of Trust. With respect to each Mortgage which is a deed of trust, as of
                                         the date of origination and, to the Sponsor’s knowledge, as of the Closing Date,
                                         a trustee, duly qualified under applicable law to serve as such, currently so serves
                                         and is named in the deed of trust or has been substituted in accordance with the Mortgage
                                         and applicable law or may be substituted in accordance with the Mortgage and applicable
                                         law by the related Mortgagee.

 

	(24)	Local
                                         Law Compliance. To the Sponsor’s knowledge, based upon any of a letter from
                                         any governmental authorities, a legal opinion, an architect’s letter, a zoning
                                         consultant’s report, an endorsement to the related Title Policy, or other affirmative
                                         investigation of local law compliance consistent with the investigation conducted by
                                         the Sponsor for similar commercial and multifamily mortgage loans intended for securitization,
                                         there are no material violations of applicable zoning ordinances, building codes and
                                         land laws (collectively “Zoning Regulations”) with respect to the improvements
                                         located on or forming part of each Mortgaged Property securing a Mortgage Loan as of
                                         the date of origination of such Mortgage Loan (or related Whole Loan, as applicable)
                                         and as of the Cut-off Date, other than those which (i) are insured by the Title
                                         Policy or a law and ordinance insurance policy or (ii) would not have a material
                                         adverse effect on the value, operation or net operating income of the Mortgaged Property.
                                         The terms of the Loan Documents require the Mortgagor to comply in all material respects
                                         with all applicable governmental regulations, zoning and building laws.

 

	(25)	Licenses
                                         and Permits. Each Mortgagor covenants in the Loan Documents that it shall keep all
                                         material licenses, permits and applicable governmental authorizations necessary for its
                                         operation of the Mortgaged Property in full force and effect, and to the Sponsor’s
                                         knowledge based upon any of a letter from any government authorities or other affirmative
                                         investigation of local law compliance consistent with the investigation conducted by
                                         the Sponsor for similar commercial and multifamily mortgage loans intended for securitization,
                                         all such material licenses, permits and applicable governmental authorizations are in
                                         effect. The Mortgage Loan requires the related Mortgagor to be qualified to do business
                                         in the jurisdiction in which the related Mortgaged Property is located.

 

	(26)	Recourse
                                         Obligations. The Loan Documents for each Mortgage Loan provide that such Mortgage
                                         Loan (a) becomes full recourse to the Mortgagor and guarantor (which is a natural
                                         person or persons, or an entity distinct from the Mortgagor (but may be affiliated with
                                         the Mortgagor) that has assets other than equity in the related Mortgaged Property that
                                         are not de minimis) in any of the following events: (i) if any voluntary petition
                                         for bankruptcy, insolvency, dissolution or liquidation pursuant to federal bankruptcy
                                         law, or any similar federal or state law, shall be filed by the Mortgagor; (ii) the
                                         Mortgagor or guarantor shall have colluded with (or, alternatively, solicited or caused
                                         to be solicited) other creditors to cause an involuntary bankruptcy filing with respect
                                         to the Mortgagor or (iii) voluntary transfers of either the Mortgaged Property or
                                         equity interests in Mortgagor made in violation of the Loan Documents; and (b) contains
                                         provisions providing for recourse against the Mortgagor and guarantor (which is a natural
                                         person or persons, or an entity distinct from the Mortgagor (but may be affiliated with
                                         the Mortgagor) that has assets other than equity in the related Mortgaged Property that
                                         are not de minimis), for losses and damages sustained by reason of Mortgagor’s
                                         (i) misappropriation of rents after the occurrence of an event of default under
                                         the Mortgage Loan; (ii) misappropriation of (A) insurance proceeds or condemnation
                                         awards or (B) security deposits or, alternatively, the failure of any security deposits
                                         to be delivered to Mortgagee upon foreclosure or action in lieu thereof (except to the
                                         extent applied in accordance with leases prior to a Mortgage Loan event of default);
                                         (iii) fraud or intentional material misrepresentation; (iv) breaches of the
                                         environmental covenants in the Loan Documents; or (v) commission of intentional
                                         material physical waste at the Mortgaged Property (but, in some cases, only to the extent
                                         there is sufficient cash flow generated by the related Mortgaged Property to prevent
                                         such waste).

 

    	B-8

    	 

    

 

	(27)	Mortgage
                                         Releases. The terms of the related Mortgage or related Loan Documents do not provide
                                         for release of any material portion of the Mortgaged Property from the lien of the Mortgage
                                         except (a) a partial release, accompanied by principal repayment, of not less than
                                         a specified percentage at least equal to the lesser of (i) 110% of the related allocated
                                         loan amount of such portion of the Mortgaged Property and (ii) the outstanding principal
                                         balance of the Mortgage Loan, (b) upon payment in full of such Mortgage Loan, (c) upon
                                         a Defeasance defined in (32) below, (d) releases of out-parcels that are unimproved
                                         or other portions of the Mortgaged Property which will not have a material adverse effect
                                         on the underwritten value of the Mortgaged Property and which were not afforded any material
                                         value in the appraisal obtained at the origination of the Mortgage Loan and are not necessary
                                         for physical access to the Mortgaged Property or compliance with zoning requirements,
                                         or (e) as required pursuant to an order of condemnation or taking by a State or
                                         any political subdivision or authority thereof. With respect to any partial release under
                                         the preceding clauses (a) or (d), either: (x) such release of collateral (i) would
                                         not constitute a “significant modification” of the subject Mortgage Loan
                                         within the meaning of Treasury Regulations Section 1.860G-2(b)(2) and (ii) would
                                         not cause the subject Mortgage Loan to fail to be a “qualified mortgage”
                                         within the meaning of Section 860G(a)(3)(A) of the Code; or (y) the Mortgagee
                                         or servicer can, in accordance with the related Loan Documents, condition such release
                                         of collateral on the related Mortgagor’s delivery of an opinion of tax counsel
                                         to the effect specified in the immediately preceding clause (x). For purposes of
                                         the preceding clause (x), for all Mortgage Loans originated after December 6,
                                         2010, if the fair market value of the real property constituting such Mortgaged Property
                                         after the release is not equal to at least 80% of the principal balance of the Mortgage
                                         Loan (or related Whole Loan)outstanding after the release, the Mortgagor is required
                                         to make a payment of principal in an amount not less than the amount required by the
                                         REMIC Provisions.

 

With
respect to any partial release under the preceding clause (e), for all Mortgage Loans originated after December 6, 2010,
the Mortgagor can be required to pay down the principal balance of the Mortgage Loan in an amount not less than the amount required
by the REMIC Provisions and, to such extent, such amount may not be required to be applied to the restoration of the Mortgaged
Property or released to the Mortgagor, if, immediately after the release of such portion of the Mortgaged Property from the lien
of the Mortgage (but taking into account the planned restoration) the fair market value of the real property constituting the
remaining Mortgaged Property is not equal to at least 80% of the remaining principal balance of the Mortgage Loan (or related
Whole Loan).

 

No
Mortgage Loan that is secured by more than one Mortgaged Property or that is cross-collateralized with another Mortgage Loan permits
the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to partial condemnation,
other than in compliance with the REMIC Provisions.

 

	(28)	Financial
                                         Reporting and Rent Rolls. The Mortgage Loan documents for each Mortgage Loan require
                                         the Mortgagor to provide the owner or holder of the Mortgage with quarterly (other than
                                         for single-tenant properties) and annual operating statements, and quarterly (other than
                                         for single-tenant properties) rent rolls for properties that have leases contributing
                                         more than 5% of the in-place base rent and annual financial statements, which annual
                                         financial statements with respect to each Mortgage Loan with more than one Mortgagor
                                         are in the form of an annual combined balance sheet of the Mortgagor entities (and no
                                         other entities), together with the related combined statements of operations, members’
                                         capital and cash flows, including a combining balance sheet and statement of income for
                                         the Mortgaged Properties on a combined basis.

 

	(29)	Acts
of Terrorism Exclusion. With respect to each Mortgage Loan over $20 million, the related special-form all-risk insurance policy
and business interruption policy (issued by an insurer meeting the Insurance Rating Requirements) do not specifically exclude
Acts of Terrorism, as defined in the Terrorism Risk Insurance Act of 2002, as amended by the Terrorism Risk Insurance Program
Reauthorization Act of 2007 as amended by the Terrorism Risk Insurance Program Reauthorization Act of 2015 (collectively referred
to as “TRIA”), from coverage, or if such coverage is excluded, it is covered by a separate terrorism insurance policy.
With respect to each other Mortgage Loan, the related special all-risk insurance policy and business interruption

 

    	B-9

    	 

    

 

		policy (issued by an insurer meeting
                               the Insurance Rating Requirements) did not, as of the date of origination of the Mortgage Loan,
                               and, to the Sponsor’s knowledge, do not, as of the Cut-off Date, specifically exclude Acts
                               of Terrorism, as defined in TRIA, from coverage, or if such coverage is excluded, it is covered
                               by a separate terrorism insurance policy. With respect to each Mortgage Loan, the related Loan
                               Documents do not expressly waive or prohibit the Mortgagee from requiring coverage for Acts of
                               Terrorism, as defined in TRIA, or damages related thereto; provided, however, that
                               if TRIA or a similar or subsequent statute is not in effect, then provided that terrorism
                               insurance is commercially available, the Mortgagor under each Mortgage Loan is required to carry
                               terrorism insurance, but in such event the Mortgagor shall not be required to spend more than the
                               Terrorism Cap Amount on terrorism insurance coverage, and if the cost of terrorism insurance exceeds
                               the Terrorism Cap Amount, the Mortgagor is required to purchase the maximum amount of terrorism
                               insurance available with funds equal to the Terrorism Cap Amount. The “Terrorism Cap Amount”
                               is the specified percentage (which is at least equal to 200%) of the amount of the insurance premium
                               that is payable at such time in respect of the property and business interruption/rental loss insurance
                               required under the related Loan Documents (without giving effect to the cost of terrorism and earthquake
                               components of such casualty and business interruption/rental loss insurance).

 

	(30)	Due
                                         on Sale or Encumbrance. Subject to specific exceptions set forth below, each Mortgage
                                         Loan contains a “due on sale” or other such provision for the acceleration
                                         of the payment of the unpaid principal balance of such Mortgage Loan if, without the
                                         consent of the holder of the Mortgage (which consent, in some cases, may not be unreasonably
                                         withheld) and/or complying with the requirements of the related Loan Documents (which
                                         provide for transfers without the consent of the Mortgagee which are customarily acceptable
                                         to prudent commercial and multifamily mortgage lending institutions lending on the security
                                         of property comparable to the related Mortgaged Property, including, without limitation,
                                         transfers of worn-out or obsolete furnishings, fixtures, or equipment promptly replaced
                                         with property of equivalent value and functionality and transfers by leases entered into
                                         in accordance with the Loan Documents), (a) the related Mortgaged Property, or any
                                         equity interest of greater than 50% in the related Mortgagor, is directly or indirectly
                                         pledged, transferred or sold, other than as related to (i) family and estate planning
                                         transfers or transfers upon death or legal incapacity, (ii) transfers to certain
                                         affiliates as defined in the related Loan Documents, (iii) transfers of less than,
                                         or other than, a controlling interest in the related Mortgagor, (iv) transfers to
                                         another holder of direct or indirect equity in the Mortgagor, a specific Person designated
                                         in the related Loan Documents or a Person satisfying specific criteria identified in
                                         the related Loan Documents, such as a qualified equityholder, (v) transfers of stock
                                         or similar equity units in publicly traded companies or (vi) a substitution or release
                                         of collateral within the parameters of paragraphs (27) and (32) in this Annex E-1
                                         or the exceptions thereto set forth on Annex E-2, or (vii) as set forth on
                                         an exhibit to the applicable Mortgage Loan Purchase Agreement by reason of any mezzanine
                                         debt that existed at the origination of the related Mortgage Loan, or future permitted
                                         mezzanine debt as set forth on an exhibit to the applicable Mortgage Loan Purchase Agreement
                                         or (b) the related Mortgaged Property is encumbered with a subordinate lien or security
                                         interest against the related Mortgaged Property, other than (i) any Companion Loan of
                                         any Mortgage Loan or any subordinate debt that existed at origination and is permitted
                                         under the related Loan Documents, (ii) purchase money security interests (iii) any
                                         Mortgage Loan that is cross-collateralized and cross-defaulted with another Mortgage
                                         Loan, as set forth on an exhibit to the applicable Mortgage Loan Purchase Agreement or
                                         (iv) Permitted Encumbrances. The Mortgage or other Loan Documents provide that to
                                         the extent any Rating Agency fees are incurred in connection with the review of and consent
                                         to any transfer or encumbrance, the Mortgagor is responsible for such payment along with
                                         all other reasonable out-of-pocket fees and expenses incurred by the Mortgagee relative
                                         to such transfer or encumbrance.

 

	(31)	Single-Purpose
                                         Entity. Each Mortgage Loan requires the Mortgagor to be a Single-Purpose Entity for
                                         at least as long as the Mortgage Loan is outstanding. Both the Loan Documents and the
                                         organizational documents of the Mortgagor with respect to each Mortgage Loan with a Cut-off
                                         Date Principal Balance in excess of $5 million provide that the Mortgagor is a Single-Purpose
                                         Entity, and each Mortgage Loan with a Cut-off Date Principal Balance of $20 million or
                                         more has

 

    	B-10

    	 

    

 

		a counsel’s opinion regarding
                              non-consolidation of the Mortgagor. For this purpose, a “Single-Purpose Entity” shall
                              mean an entity, other than an individual, whose organizational documents (or if the Mortgage Loan
                              has a Cut-off Date Principal Balance equal to $5 million or less, its organizational documents or
                              the related Loan Documents) provide substantially to the effect that it was formed or organized
                              solely for the purpose of owning and operating one or more of the Mortgaged Properties securing
                              the Mortgage Loans and prohibit it from engaging in any business unrelated to such Mortgaged Property
                              or Properties, and whose organizational documents further provide, or which entity represented in
                              the related Loan Documents, substantially to the effect that it does not have any assets other than
                              those related to its interest in and operation of such Mortgaged Property or Properties, or any
                              indebtedness other than as permitted by the related Mortgage(s) or the other related Loan Documents,
                              that it has its own books and records and accounts separate and apart from those of any other person
                              (other than a Mortgagor for a Mortgage Loan that is cross-collateralized and cross-defaulted with
                              the related Mortgage Loan), and that it holds itself out as a legal entity, separate and apart from
                              any other person or entity.

 

	(32)	Defeasance.
                                         With respect to any Mortgage Loan that, pursuant to the Loan Documents, can be defeased
                                         (a “Defeasance”), (i) the Loan Documents provide for defeasance as a
                                         unilateral right of the Mortgagor, subject to satisfaction of conditions specified in
                                         the Loan Documents; (ii) the Mortgage Loan cannot be defeased within two years after
                                         the Closing Date; (iii) the Mortgagor is permitted to pledge only United States
                                         “government securities” within the meaning of Treasury Regulations Section 1.860G-2(a)(8)(ii),
                                         the revenues from which will, in the case of a full Defeasance, be sufficient to make
                                         all scheduled payments under the Mortgage Loan when due, including the entire remaining
                                         principal balance on the maturity date or, if the Mortgage Loan is an ARD Loan, the entire
                                         principal balance outstanding on the related Anticipated Repayment Date (or on or after
                                         the first date on which payment may be made without payment of a yield maintenance charge
                                         or prepayment penalty), and if the Mortgage Loan permits partial releases of real property
                                         in connection with partial defeasance, the revenues from the collateral will be sufficient
                                         to pay all such scheduled payments calculated on a principal amount equal to a specified
                                         percentage at least equal to the lesser of (A) 110% of the allocated loan amount
                                         for the real property to be released and (B) the outstanding principal balance of
                                         the Mortgage Loan; (iv) the Mortgagor is required to provide a certification from
                                         an independent certified public accountant that the collateral is sufficient to make
                                         all scheduled payments under the Mortgage Note as set forth in (iii) above, (v) if
                                         the Mortgagor would continue to own assets in addition to the defeasance collateral,
                                         the portion of the Mortgage Loan secured by defeasance collateral is required to be assumed
                                         (or the Mortgagee may require such assumption) by a Single-Purpose Entity; (vi) the
                                         Mortgagor is required to provide an opinion of counsel that the Mortgagee has a perfected
                                         security interest in such collateral prior to any other claim or interest; and (vii) the
                                         Mortgagor is required to pay all rating agency fees associated with defeasance (if rating
                                         confirmation is a specific condition precedent thereto) and all other reasonable out-of-pocket
                                         expenses associated with defeasance, including, but not limited to, accountant’s
                                         fees and opinions of counsel.

 

	(33)	Fixed
                                         Interest Rates. Each Mortgage Loan bears interest at a rate that remains fixed throughout
                                         the remaining term of such Mortgage Loan, except in situations where default interest
                                         is imposed.

 

	(34)	Ground
                                         Leases. For purposes of this Annex E-1, a “Ground Lease” shall mean
                                         a lease creating a leasehold estate in real property where the fee owner as the ground
                                         lessor conveys for a term or terms of years its entire interest in the land and buildings
                                         and other improvements, if any, comprising the premises demised under such lease to the
                                         ground lessee (who may, in certain circumstances, own the building and improvements on
                                         the land), subject to the reversionary interest of the ground lessor as fee owner and
                                         does not include industrial development agency (IDA) or similar leases for purposes of
                                         conferring a tax abatement or other benefit.

 

    	B-11

    	 

    

 

With
respect to any Mortgage Loan where the Mortgage Loan is secured by a leasehold estate under a Ground Lease in whole or in part,
and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon
the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Sponsor, its successors
and assigns, Sponsor represents and warrants that:

 

(a)The
Ground Lease or a memorandum regarding such Ground Lease has been duly recorded or submitted for recordation in a form that is
acceptable for recording in the applicable jurisdiction. The Ground Lease or an estoppel or other agreement received from the
ground lessor permits the interest of the lessee to be encumbered by the related Mortgage and does not restrict the use of the
related Mortgaged Property by such lessee, its successors or assigns in a manner that would materially adversely affect the security
provided by the related Mortgage. No material change in the terms of the Ground Lease had occurred since the origination of the
Mortgage Loan, except as reflected in any written instruments which are included in the related Mortgage File;

 

(b)The
lessor under such Ground Lease has agreed in a writing included in the related Mortgage File (or in such Ground Lease) that the
Ground Lease may not be amended or modified, or canceled or terminated by agreement of lessor and lessee, without the prior written
consent of the Mortgagee;

 

(c)The
Ground Lease has an original term (or an original term plus one or more optional renewal terms, which, under all circumstances,
may be exercised, and will be enforceable, by either Mortgagor or the Mortgagee) that extends not less than 20 years beyond the
stated maturity of the related Mortgage Loan, or 10 years past the stated maturity if such Mortgage Loan fully amortizes by the
stated maturity (or with respect to a Mortgage Loan that accrues on an actual 360 basis, substantially amortizes);

 

(d)The
Ground Lease either (i) is not subject to any liens or encumbrances superior to, or of equal priority with, the Mortgage,
except for the related fee interest of the ground lessor and the Permitted Encumbrances or (ii)  is subject to a subordination,
non-disturbance and attornment agreement to which the Mortgagee on the lessor’s fee interest in the Mortgaged Property is
subject;

 

(e)The
Ground Lease does not place commercially unreasonably restrictions on the identity of the Mortgagee and the Ground Lease is assignable
to the holder of the Mortgage Loan and its successors and assigns without the consent of the lessor thereunder (provided
that proper notice is delivered to the extent required in accordance with the Ground Lease), and in the event it is so assigned,
it is further assignable by the holder of the Mortgage Loan and its successors and assigns without the consent of (but with prior
notice to) the lessor;

 

(f)The
Sponsor has not received any written notice of material default under or notice of termination of such Ground Lease. To the Sponsor’s
knowledge, there is no material default under such Ground Lease and no condition that, but for the passage of time or giving of
notice, would result in a material default under the terms of such Ground Lease and to the Sponsor’s knowledge, such Ground
Lease is in full force and effect as of the Closing Date;

 

(g)The
Ground Lease or ancillary agreement between the lessor and the lessee requires the lessor to give to the Mortgagee written notice
of any default, and provides that no notice of default or termination is effective against the Mortgagee unless such notice is
given to the Mortgagee;

 

(h)The
Mortgagee is permitted a reasonable opportunity (including, where necessary, sufficient time to gain possession of the interest
of the lessee under the Ground Lease through legal proceedings) to cure any default under the Ground Lease which is curable after
the Mortgagee’s receipt of notice of any default before the lessor may terminate the Ground Lease;

 

(i)The
Ground Lease does not impose any restrictions on subletting that would be viewed as commercially unreasonable by a prudent commercial
mortgage lender;

 

(j)Under
the terms of the Ground Lease, an estoppel or other agreement received from the ground lessor and the related Mortgage (taken
together), any related insurance proceeds or the

 

    	B-12

    	 

    

 

portion of the condemnation award allocable to the ground lessee’s interest
(other than (i) de minimis amounts for minor casualties or (ii) in respect of a total or substantially total loss or
taking as addressed in subpart (k)) will be applied either to the repair or to restoration of all or part of the related Mortgaged
Property with (so long as such proceeds are in excess of the threshold amount specified in the related Loan Documents) the Mortgagee
or a trustee appointed by it having the right to hold and disburse such proceeds as repair or restoration progresses, or to the
payment of the outstanding principal balance of the Mortgage Loan, together with any accrued interest;

 

(k)In
the case of a total or substantially total taking or loss, under the terms of the Ground Lease, an estoppel or other agreement
and the related Mortgage (taken together), any related insurance proceeds, or portion of the condemnation award allocable to the
ground lessee’s interest in respect of a total or substantially total loss or taking of the related Mortgaged Property to
the extent not applied to restoration, will be applied first to the payment of the outstanding principal balance of the Mortgage
Loan, together with any accrued interest; and

 

(l)Provided
that the Mortgagee cures any defaults which are susceptible to being cured, the ground lessor has agreed to enter into a new
lease with the Mortgagee upon termination of the Ground Lease for any reason, including rejection of the Ground Lease in a bankruptcy
proceeding.

 

	(35)	Servicing.
                                         The servicing and collection practices used by the Sponsor with respect to the Mortgage
                                         Loan have been, in all respects, legal and have met customary industry standards for
                                         servicing of commercial loans for conduit loan programs.

 

	(36)	Origination
                                         and Underwriting. The origination practices of the Sponsor (or the related originator
                                         if the Sponsor was not the originator) with respect to each Mortgage Loan have been,
                                         in all material respects, legal and as of the date of its origination, such Mortgage
                                         Loan (or the related Whole Loan, as applicable) and the origination thereof complied
                                         in all material respects with, or was exempt from, all requirements of federal, state
                                         or local law relating to the origination of such Mortgage Loan; provided that
                                         such representation and warranty does not address or otherwise cover any matters with
                                         respect to federal, state or local law otherwise covered in this Annex E-1.

 

	(37)	No
                                         Material Default; Payment Record. No Mortgage Loan has been more than 30 days
                                         delinquent, without giving effect to any grace or cure period, in making required debt
                                         service payments since origination, and as of the date hereof, no Mortgage Loan is more
                                         than 30 days delinquent (beyond any applicable grace or cure period) in making required
                                         payments as of the Closing Date. To the Sponsor’s knowledge, there is (a) no
                                         material default, breach, violation or event of acceleration existing under the related
                                         Mortgage Loan, or (b) no event (other than payments due but not yet delinquent)
                                         which, with the passage of time or with notice and the expiration of any grace or cure
                                         period, would constitute a material default, breach, violation or event of acceleration,
                                         which default, breach, violation or event of acceleration, in the case of either (a) or
                                         (b), materially and adversely affects the value of the Mortgage Loan or the value, use
                                         or operation of the related Mortgaged Property, provided, however, that
                                         this representation and warranty does not cover any default, breach, violation or event
                                         of acceleration that specifically pertains to or arises out of an exception scheduled
                                         to any other representation and warranty made by the Sponsor in this Annex E-1 (including,
                                         but not limited to, the prior sentence). No person other than the holder of such Mortgage
                                         Loan may declare any event of default under the Mortgage Loan or accelerate any indebtedness
                                         under the Mortgage Loan documents.

 

	(38)	Bankruptcy.
                                         As of the date of origination of the related Mortgage Loan and to the Sponsor’s
                                         knowledge as of the Cut-off Date, neither the Mortgaged Property (other than any tenants
                                         of such Mortgaged Property), nor any portion thereof, is the subject of, and no Mortgagor,
                                         guarantor or tenant occupying a single-tenant property is a debtor in state or federal
                                         bankruptcy, insolvency or similar proceeding.

 

	(39)	Organization
of Mortgagor. With respect to each Mortgage Loan, in reliance on certified copies of the organizational documents of the Mortgagor
delivered by the Mortgagor in connection with the origination of such Mortgage Loan or the related Whole Loan, as applicable),
the Mortgagor is an entity organized under the laws of a state of the United States of America, the District of Columbia

 

    	B-13

    	 

    

 

		or the Commonwealth of Puerto Rico.
                               Except with respect to any Mortgage Loan that is cross-collateralized and cross-defaulted with
                               another Mortgage Loan, no Mortgage Loan has a Mortgagor that is an affiliate of another Mortgagor
                               under another Mortgage Loan.

 

	(40)	Environmental
                                         Conditions. A Phase I environmental site assessment (or update of a previous Phase
                                         I and or Phase II site assessment) and, with respect to certain Mortgage Loans, a Phase
                                         II environmental site assessment (collectively, an “ESA”) meeting ASTM requirements
                                         were conducted by a reputable environmental consultant in connection with such Mortgage
                                         Loan within 12 months prior to its origination date (or an update of a previous ESA was
                                         prepared), and such ESA (i) did not identify the existence of recognized environmental
                                         conditions (as such term is defined in ASTM E1527-05 or its successor, an “Environmental
                                         Condition”) at the related Mortgaged Property or the need for further investigation,
                                         or (ii) if the existence of an Environmental Condition or need for further investigation
                                         was indicated in any such ESA, then at least one of the following statements is true:
                                         (A) an amount reasonably estimated by a reputable environmental consultant to be
                                         sufficient to cover the estimated cost to cure any material noncompliance with applicable
                                         Environmental Laws or the Environmental Condition has been escrowed by the related Mortgagor
                                         and is held or controlled by the related Mortgagee; (B) if the only Environmental
                                         Condition relates to the presence of asbestos-containing materials, radon in indoor air,
                                         lead based paint or lead in drinking water, the only recommended action in the ESA is
                                         the institution of such a plan, an operations or maintenance plan has been required to
                                         be instituted by the related Mortgagor that, based on the ESA, can reasonably be expected
                                         to mitigate the identified risk; (C) the Environmental Condition identified in the
                                         related environmental report was remediated or abated in all material respects prior
                                         to the date hereof, and, if and as appropriate, a no further action or closure letter
                                         was obtained from the applicable governmental regulatory authority (or the environmental
                                         issue affecting the related Mortgaged Property was otherwise listed by such governmental
                                         authority as “closed” or a reputable environmental consultant has concluded
                                         that no further action is required); (D) an environmental policy or a lender’s
                                         pollution legal liability insurance policy meeting the requirements set forth below that
                                         covers liability for the identified circumstance or condition was obtained from an insurer
                                         rated no less than “A-” (or the equivalent) by Moody’s Investors Service,
                                         Inc., Standard & Poor’s Ratings Services and/or Fitch Ratings, Inc.; (E) a
                                         party not related to the Mortgagor was identified as the responsible party for such condition
                                         or circumstance and such responsible party has financial resources reasonably estimated
                                         to be adequate to address the situation; or (F) a party related to the Mortgagor having
                                         financial resources reasonably estimated to be adequate to address the situation is required
                                         to take action. To Sponsor’s knowledge, except as set forth in the ESA, there is
                                         no Environmental Condition (as such term is defined in ASTM E1527-05 or its successor)
                                         at the related Mortgaged Property.

 

	(41)	Appraisal.
                                         The Mortgage File contains an appraisal of the related Mortgaged Property with an appraisal
                                         date within 6 months of the Mortgage Loan origination date, and within 12 months of the
                                         Closing Date. The appraisal is signed by an appraiser who is a Member of the Appraisal
                                         Institute (“MAI”) and, to the Sponsor’s knowledge, had no interest,
                                         direct or indirect, in the Mortgaged Property or the Mortgagor or in any loan made on
                                         the security thereof, and whose compensation is not affected by the approval or disapproval
                                         of the Mortgage Loan. Each appraiser has represented in such appraisal or in a supplemental
                                         letter that the appraisal satisfies the requirements of the “Uniform Standards
                                         of Professional Appraisal Practice” as adopted by the Appraisal Standards Board
                                         of the Appraisal Foundation. Each appraisal contains a statement, or is accompanied by
                                         a letter from the appraiser, to the effect that the appraisal was performed in accordance
                                         with the requirements of the Financial Institutions Reform, Recovery and Enforcement
                                         Act of 1989, as in effect on the date such Mortgage Loan was originated.

 

	(42)	Mortgage
                                         Loan Schedule. The information pertaining to each Mortgage Loan which is set forth
                                         in the Mortgage Loan Schedule attached as an exhibit to the related Mortgage Loan Purchase
                                         Agreement is true and correct in all material respects as of the Cut-off Date and contains
                                         all information required by the Pooling and Servicing Agreement to be contained in the
                                         Mortgage Loan Schedule.

 

    	B-14

    	 

    

 

	(43)	Cross-Collateralization.
                                         Except with respect to a Mortgage Loan that is part of a Whole Loan no Mortgage Loan
                                         is cross-collateralized or cross-defaulted with any other Mortgage Loan that is outside
                                         the Mortgage Pool, except as set forth on Annex E-2.

 

	(44)	Advance
                                         of Funds by the Sponsor. After origination, no advance of funds has been made by
                                         the Sponsor to the related Mortgagor other than in accordance with the Loan Documents,
                                         and, to the Sponsor’s knowledge, no funds have been received from any person other
                                         than the related Mortgagor or an affiliate for, or on account of, payments due on the
                                         Mortgage Loan (other than as contemplated by the Loan Documents, such as, by way of example
                                         and not in limitation of the foregoing, amounts paid by the tenant(s) into a Mortgagee-controlled
                                         lockbox if required or contemplated under the related lease or Loan Documents). Neither
                                         the Sponsor nor any affiliate thereof has any obligation to make any capital contribution
                                         to any Mortgagor under a Mortgage Loan, other than contributions made on or prior to
                                         the date hereof.

 

	(45)	Compliance
                                         with Anti-Money Laundering Laws. The Sponsor has complied in all material respects
                                         with all applicable anti-money laundering laws and regulations, including without limitation
                                         the USA Patriot Act of 2001 with respect to the origination of the Mortgage Loan.

 

For
purposes of these representations and warranties, “Mortgagee” means the mortgagee, grantee or beneficiary under any
Mortgage, any holder of legal title to any portion of any Mortgage Loan or, if applicable, any agent or servicer on behalf of
such party.

 

For
purposes of these representations and warranties, the phrases “the Sponsor’s knowledge” or “the Sponsor’s
belief” and other words and phrases of like import mean, except where otherwise expressly set forth in these representations
and warranties, the actual state of knowledge or belief of the Sponsor, its officers and employees directly responsible for the
underwriting, origination, servicing or sale of the Mortgage Loans regarding the matters expressly set forth in these representations
and warranties.

 

    B-15

    

    

 

 

Exhibit B-30-1

List of Mortgage Loans with Current Mezzanine Debt

 

None.

 

    	B-30-1-1

    	 

    

 

Exhibit B-30-2

List of Mortgage Loans with Permitted Mezzanine Debt

 

	

Loan #	Mortgage Loan
	13    	Regalia Mansfield/Dolce
	 	 

 

    	B-30-2-1

    	 

    

  

Exhibit B-30-3

List of Cross-Collateralized and Cross-Defaulted Mortgage Loans

 

None.

 

    	B-30-3-1

    	 

    

 

EXHIBIT C

EXCEPTIONS TO MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

  

	Representation
        Number 

        on Annex E-1

	 	Mortgage
        Loan Name

        and Number as

        Identified on Annex A

	 	Description
        of Exception

	 	 	 	 	 
	(5)    Lien; Valid Assignment	 	Woodlands Corporate Center and 7049 Williams Road Portfolio (Loan No. 10)	 	The Niagara County Industrial
        Development Agency (the “IDA”) holds certain liens and security interests in the Mortgaged Property. The Mortgagee’s
        Mortgage covers the fee and leasehold interest of Mortgagor and the leasehold interest of the Niagara County Industrial
        Development Agency (the “IDA”) in the parcels with the following addresses: 3780 Commerce Court, 3784 Commerce
        Court, 3790 Commerce Court, 3829 Forest Parkway, and 3949 Forest Parkway (collectively, the “IDA Properties”),
        which leasehold interest was granted to the IDA by the Mortgagor. The IDA has re-conveyed to Mortgagor a subleasehold
        interest in the IDA Properties and conveyed to the IDA, via a bill of sale, all machinery, equipment, fixtures, furnishings,
        and other property affixed to or located on the IDA Properties. All but two of the IDA subleases grant a security interest
        to the IDA in the related land, improvements, fixtures, furnishings, and equipment. The IDA has subordinated these security
        interests, liens, and assignments to the Mortgagee’s mortgage. Additionally, the 3829 Forest Parkway parcel is subject
        to a PILOT mortgage from Mortgagor and the IDA in favor of the applicable taxing jurisdiction in an amount equal to any
        and all unpaid and defaulted payments under the PILOT Agreement relating to the 3829 Forest Parkway parcel, which is superior
        to the Mortgagee’s mortgage. The IDA entered into a Subordination and Recognition Agreement pursuant to which it
        subordinated its leases, subleases, the PILOT agreement, the bills of sale and other related documents, other than the
        PILOT mortgage, to the Mortgagee’s Mortgage. With respect to the PILOT mortgage, (i) the amount secured is limited
        to unpaid and defaulted PILOT payments with respect to the 3829 Forest Parkway parcel; (ii) an “Event of Default”
        under the PILOT mortgage is defined as an “Event of Default” under the related PILOT agreement; (iii) both
        the related PILOT agreement and the Subordination and Recognition Agreement require the IDA to provide Mortgagee with
        notice and cure rights under the PILOT agreement and that the IDA shall not exercise any rights or remedies so long as
        the Mortgagee is in the process of effecting a cure; and (iv) the PILOT mortgage provides that the PILOT mortgagee’s
        exercise of remedies are subject to the terms of the PILOT agreement (which, together with the Subordination and Recognition
        Agreement, provide that there can be no exercise of remedies thereunder so long as Mortgagee is effecting a cure, including
        foreclosure proceedings; and the Subordination and Recognition Agreement also provides that it controls over any conflicting
        provision of any of the IDA transaction documents).

         

        Additionally, the single
tenant at the 7049 Williams Road Mortgaged Property has a right of first refusal that is subordinated to the Mortgage Loan pursuant
to a subordination, non-disturbance and attornment agreement and is not applicable at foreclosure or deed in lieu, although it
is applicable at the first sale thereafter.

 

    	C-1

    	 

    

 

	Representation
        Number 

        on Annex E-1

	 	Mortgage
        Loan Name

        and Number as

        Identified on Annex A

	 	Description
        of Exception

	 	 	 	 	 
	(6)    Permitted Liens; Title Insurance	 	Woodlands Corporate Center and 7049 Williams Road Portfolio (Loan No. 10)	 	The Niagara County Industrial
        Development Agency (the “IDA”) holds certain liens and security interests in the Mortgaged Property. The Mortgagee’s
        Mortgage covers the fee and leasehold interest of Mortgagor and the leasehold interest of the Niagara County Industrial
        Development Agency (the “IDA”) in the parcels with the following addresses: 3780 Commerce Court, 3784 Commerce
        Court, 3790 Commerce Court, 3829 Forest Parkway, and 3949 Forest Parkway (collectively, the “IDA Properties”),
        which leasehold interest was granted to the IDA by the Mortgagor. The IDA has re-conveyed to Mortgagor a subleasehold
        interest in the IDA Properties and conveyed to the IDA, via a bill of sale, all machinery, equipment, fixtures, furnishings,
        and other property affixed to or located on the IDA Properties. All but two of the IDA subleases grant a security interest
        to the IDA in the related land, improvements, fixtures, furnishings, and equipment. The IDA has subordinated these security
        interests, liens, and assignments to the Mortgagee’s mortgage. Additionally, the 3829 Forest Parkway parcel is subject
        to a PILOT mortgage from Mortgagor and the IDA in favor of the applicable taxing jurisdiction in an amount equal to any
        and all unpaid and defaulted payments under the PILOT Agreement relating to the 3829 Forest Parkway parcel, which is superior
        to the Mortgagee’s mortgage. The IDA entered into a Subordination and Recognition Agreement pursuant to which it
        subordinated its leases, subleases, the PILOT agreement, the bills of sale and other related documents, other than the
        PILOT mortgage, to the Mortgagee’s Mortgage. With respect to the PILOT mortgage, (i) the amount secured is limited
        to unpaid and defaulted PILOT payments with respect to the 3829 Forest Parkway parcel; (ii) an “Event of Default”
        under the PILOT mortgage is defined as an “Event of Default” under the related PILOT agreement; (iii) both
        the related PILOT agreement and the Subordination and Recognition Agreement require the IDA to provide Mortgagee with
        notice and cure rights under the PILOT agreement and that the IDA shall not exercise any rights or remedies so long as
        the Mortgagee is in the process of effecting a cure; and (iv) the PILOT mortgage provides that the PILOT mortgagee’s
        exercise of remedies are subject to the terms of the PILOT agreement (which, together with the Subordination and Recognition
        Agreement, provide that there can be no exercise of remedies thereunder so long as Mortgagee is effecting a cure, including
        foreclosure proceedings; and the Subordination and Recognition Agreement also provides that it controls over any conflicting
        provision of any of the IDA transaction documents).

         

        Additionally, the single
        tenant at the 7049 Williams Road Mortgaged Property has a right of first refusal that is subordinated to the Mortgage
        Loan pursuant to a subordination, non-disturbance and attornment agreement and is not applicable at foreclosure or deed
        in lieu, although it is applicable at the first sale thereafter.

         

	(12)    Permitted Liens; Title Insurance	 	Regalia Mansfield/Dolce (Loan No. 13)	 	There is a project in development that will eventually require a right of way acquisition
    with respect to the Mortgaged Property.  It is anticipated that the double entrance, landscaping, and monument sign
    at the Mortgaged Property may be impacted by this project. At this time the project is still in development stages and the
    owner of the Mortgaged Property will be notified when a public meeting is held with respect to the development.
	 	 	 	 	 
	(16)    Insurance	 	Woodlands Corporate Center and 7049 Williams Road Portfolio (Loan No. 10)	 	The single tenant at the 7049 Williams Road Mortgaged Property maintains and pays for all
    insurance pursuant to its lease agreement and the Mortgagor will not escrow for insurance premiums relating to the 7049 Williams
    Road Mortgaged Property.  The Mortgagor is not required to maintain insurance with respect to the 7049 Williams
    Road Mortgaged Property so long as, among other things, the single tenant’s lease remains in full force in effect and
    the tenant pays for and maintains such policies.

 

    	C-2

    	 

    

 

	Representation
        Number 

        on Annex E-1

	 	Mortgage
        Loan Name

        and Number as

        Identified on Annex A

	 	Description
        of Exception

	 	 	 	 	 
	(24)    Local Law Compliance	 	Artmore Hotel (Loan No. 26)	 	The Mortgaged Property currently has 2 liquor license that are not transferrable. The Mortgagor
    has entered into a temporary concession agreement with the prior mortgaged property owner whereby the prior property owner
    agrees to keep such liquor licenses in full force and the lender is a third party beneficiary of this temporary concession
    agreement. Pursuant to the Mortgage Loan documents, the Mortgagor has agreed to obtain these liquor licenses and the Mortgagor
    and guarantor are personally liable to the lender for any losses in the event the liquor licenses are not in effect.
	 	 	 	 	 
	(24)    Local Law Compliance	 	1445 North Loop West (Loan No. 39)	 	As of the closing date, the Sponsor had obtained certificates of occupancy for tenants occupying
    66% of the Mortgaged Property.  Each tenant is required to maintain a certificate of occupancy pursuant to applicable
    law. The Loan Documents contain representations from the Mortgagor that each tenant has submitted all applications and documents
    required for issuance of the outstanding certificates of occupancy and covenants that the Mortgagor will obtain, or cause
    the related tenant to obtain, the outstanding certificates of occupancy.  The Loan Documents contain nonrecourse
    carveouts relating to losses arising out of the Mortgagor’s failure to obtain, or to cause the related tenants to obtain,
    the outstanding certificates of occupancy.
	 	 	 	 	 
	(25)    Licenses and Permits	 	1445 North Loop West (Loan No. 39)	 	As of the closing date, the Sponsor had obtained certificates of occupancy for tenants occupying
    66% of the Mortgaged Property.  Each tenant is required to maintain a certificate of occupancy pursuant to applicable
    law. The Loan Documents contain representations from the Mortgagor that each tenant has submitted all applications and documents
    required for issuance of the outstanding certificates of occupancy and covenants that the Mortgagor will obtain, or cause
    the related tenant to obtain, the outstanding certificates of occupancy.  The Loan Documents contain nonrecourse
    carveouts relating to losses arising out of the Mortgagor’s failure to obtain, or to cause the related tenants to obtain,
    the outstanding certificates of occupancy.
	 	 	 	 	 
	(34)    Ground Leases	 	Midtown Crossing (Loan No. 53)	 	The related Ground Lease does not provide that it may be terminated only with the prior written
    consent of the Mortgagee, but provides that with respect to defaults under the Ground Lease that are not capable of or subject
    to cure by the Mortgagee, so long as the Mortgagee pays outstanding rent or other monetary obligations and initiates steps
    to acquire the Mortgagor’s interest in the Ground Lease by foreclosure or otherwise, the Ground Lease lessor will not
    terminate the Ground Lease and the Mortgagee will be entitled to a sufficient time period to complete steps to acquire the
    Mortgagor’s interest in the Ground Lease, prior to termination of the Ground Lease.  The Mortgagee additionally
    has the right to enter into a new Ground Lease in the event the existing Ground Lease is terminated for any reason.

 

    	C-3

    	 

    

 

EXHIBIT D

FORM OF OFFICER’S CERTIFICATE

 

[                                     ]
(“Seller”) hereby certifies as follows:

 

		1.	All of the representations and warranties (except as
set forth on Exhibit C) of the Seller under the Mortgage Loan Purchase Agreement, dated as of October 1, 2015 (the “Agreement”),
between GS Mortgage Securities Corporation II and Seller, are true and correct in all material respects on and as of the date
hereof (or as of such other date as of which such representation is made under the terms of Exhibit B to the Agreement) with
the same force and effect as if made on and as of the date hereof (or as of such other date as of which such representation is
made under the terms of Exhibit B to the Agreement).

 

		2.	The Seller has complied in all material respects with
all the covenants and satisfied all the conditions on its part to be performed or satisfied under the Agreement on or prior to
the date hereof, and no event has occurred which would constitute a default on the part of the Seller under the Agreement.

 

		3.	Neither the Prospectus, dated October 5, 2015 (the
“Base Prospectus”), as supplemented by the Prospectus Supplement, dated October 16, 2015 (the “Prospectus
Supplement” and, together with the Base Prospectus, the “Prospectus”), relating to the offering of
the Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class X-A, Class X-B, Class A-S,
Class B, Class PEZ, Class C, Class D and Class X-D Certificates, nor the Offering Circular, dated October 14, 2015
(the “Offering Circular”), relating to the offering of the Class E, Class F, Class G and Class R
Certificates, in the case of the Prospectus, as of the date of the Prospectus Supplement or as of the date hereof, or the Offering
Circular, as of the date thereof or as of the date hereof, included or includes any untrue statement of a material fact relating
to the Seller, the Mortgage Loans, the related Mortgaged Properties and the related Mortgagors and their respective affiliates,
or omitted or omits to state therein a material fact relating to the Seller, the Mortgage Loans, the related Mortgaged Properties
and the related Mortgagors and their respective affiliates required to be stated therein or necessary in order to make the statements
therein relating to the Seller, the Mortgage Loans, the related Mortgaged Properties and the related Mortgagors and their respective
affiliates, in the light of the circumstances under which they were made, not misleading.

 

For the purposes of the
foregoing certifications, with respect to any description contained in the Prospectus and the Offering Circular of the terms or
provisions of or servicing

 

    	D-1

    	 

    

 

arrangements under any Other Pooling and Servicing Agreement governing the servicing of a Non-Serviced
Whole Loan, to the extent that such description refers to any terms or provisions of or servicing arrangements under the Pooling
and Servicing Agreement, the Seller has assumed that the description of such terms or provisions of or servicing arrangements under
the Pooling and Servicing Agreement contained in the Prospectus and the Offering Circular (i) does not include an untrue statement
of a material fact and (ii) does not omit to state therein a material fact necessary in order to make the statements therein, in
light of the circumstances under which they were made, not misleading.

 

Capitalized terms used
herein without definition have the meanings given them in the Agreement or, if not defined therein, in the Indemnification Agreement.

 

[SIGNATURE APPEARS ON THE FOLLOWING PAGE]

 

    	D-2

    	 

    

 

Certified this __ day of October, 2015.

 

	 	MC-FIVE MILE MORTGAGE FINANCE LLC
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	D-3Exhibit 10.6

 

Execution
Copy

WELLS
FARGO BANK, NATIONAL ASSOCIATION,

Master Servicer

and

Berkeley
Point Capital LLC,

Primary Servicer

PRIMARY
SERVICING AGREEMENT

Dated
as of October 1, 2015

GS Mortgage
Securities Corporation II,

Commercial Mortgage Pass-Through Certificates

Series 2015-GC34

 

 

    	 

    	 

    

 

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 Loan Documents	2
	 	Section 2.02	 	Notice of Defect, Breach or Repurchase
    Request	3
	ARTICLE III	 	SERVICING OF THE MORTGAGE
    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	22
	ARTICLE V 	 	TERMINATION	22
	 	Section 5.01	 	Termination	22
	 	Section 5.02	 	Termination With Cause	22
	 	Section 5.03	 	Intentionally Deleted	22
	 	Section 5.04	 	Termination of Duties with Respect
    to Specially Serviced Loans	23
	ARTICLE VI	 	MISCELLANEOUS	23
	 	Section 6.01	 	Successor to the Primary Servicer	23
	 	Section 6.02	 	Financial Statements	23
	 	Section 6.03	 	Closing	23
	 	Section 6.04	 	Closing Documents	23
	 	Section 6.05	 	Notices	24
	 	Section 6.06	 	Severability Clause	25
	 	Section 6.07	 	Counterparts	25

 

    	i

    	 

    

 

TABLE
OF CONTENTS

(continued)

	 	 	 	 	 	 
	 	 	 	 	 	Page
	 	 	 	 	 	 
	 	Section 6.08	 	Governing Law	26
	 	Section 6.09	 	Protection of Confidential Information	26
	 	Section 6.10	 	Intention of the Parties	26
	 	Section 6.11	 	Third Party Beneficiary	26
	 	Section 6.12	 	Successors and Assigns; Assignment
    of Agreement	26
	 	Section 6.13	 	Waivers	27
	 	Section 6.14	 	Exhibits	27
	 	Section 6.15	 	General Interpretive Principles	27
	 	Section 6.16	 	Complete Agreement	27
	 	Section 6.17	 	Further Agreement	27
	 	Section 6.18	 	Amendments	27
	 	Section 6.19	 	Exchange Act Rule 17g-5 Procedures	27
	 	Section 6.20	 	Notification to Primary Servicer Concerning
    REO Property	28

 

	 	 	 	 	 	 
	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 ESCROW ACCOUNTS
    CERTIFICATION	J-1

    	ii

    	 

    

 

This
is a Primary Servicing Agreement (this “Agreement”), dated as of October 1, 2015, by and between Berkeley
Point Capital LLC, a Delaware limited liability company having an office at One Beacon Street, 14th Floor, Boston,
MA 02108, and its successors and assigns (the “Primary Servicer”), and WELLS FARGO BANK, NATIONAL ASSOCIATION,
having an office at c/o Commercial Mortgage Servicing, MAC D1086, 550 South Tryon Street, 14th Floor, Charlotte, North
Carolina 28202, and its successors and assigns (the “Master Servicer”).

W I T
N E S S E T H:

WHEREAS,
GS Mortgage Securities Corporation II, as Depositor (the “Depositor”), Midland Loan Services, a Division of
PNC Bank, National Association, as Special Servicer (the “Special Servicer”), U.S. Bank National Association,
as Trustee (in such capacity, the “Trustee”), U.S. Bank National Association, as Certificate Administrator
(in such capacity, the “Certificate Administrator”), Pentalpha Surveillance LLC, as Operating Advisor (the
“Operating Advisor”), and the Master Servicer have entered into that certain Pooling and Servicing Agreement
dated as of October 1, 2015 (as amended, modified and restated from time to time, the “Pooling and Servicing Agreement”),
whereby the Master Servicer shall master service certain mortgage loans, including the Mortgage Loans (defined below), on behalf
of the Trustee; and

WHEREAS,
the Master Servicer desires to enter into a contract with the Primary Servicer whereby the Primary Servicer shall service the
mortgage loan or mortgage loans listed on Exhibit A (the “Mortgage Loan Schedule”) attached hereto
(hereinafter referred to as the “Mortgage 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
1.01Defined 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 the Mortgage Loans
and the most recently ended Collection Period prior to the due date of such report, the information described 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 specified in Section 3.01(c)(9) of this Agreement.

“Primary
Servicer Remittance Amount” shall mean, with respect to any date, an amount equal to, without duplication, (a) the sum
of (i) the aggregate of the amounts on deposit in the Primary Servicer Collection Account (as defined herein) as of such date,
(ii) the aggregate of all other amounts received with respect to the Mortgage Loans as of such date to the extent not previously
remitted to the Master Servicer and (iii) the aggregate amount of Prepayment Interest Shortfalls deposited by the Primary Servicer
in the Primary Servicer Collection Account as required by Section 3.13 of the Pooling and Servicing Agreement as incorporated
herein pursuant to Section 3.01(c)(21) of this Agreement, to the extent not previously remitted to the Master Servicer,
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 (other than the Escrow Payments that are to be used to reimburse the Master Servicer for Property Advances)
or (ii) any amounts that the Primary Servicer is entitled to retain as compensation pursuant to Section 3.12(a) of the
Pooling and Servicing Agreement as incorporated herein pursuant to Section 3.01(c)(19) 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 Parties” shall have the meaning specified in Section 3.03 of this Agreement.

“Primary
Servicing Fee” shall mean, with respect to each Mortgage Loan, the fee payable to the Primary Servicer pursuant to Section
3.01(c)(19) of this Agreement.

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

ARTICLE
II

MASTER SERVICER’S ENGAGEMENT OF PRIMARY SERVICER

TO PERFORM SERVICING RESPONSIBILITIES

Section
2.01Contract for Servicing; Possession of 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. On and after the Closing Date, the Primary Servicer shall hold any
portion of the Servicing File or the Mortgage File in the possession of the Primary Servicer in trust by the Primary Servicer,
on behalf of the Master Servicer for the benefit of the Trustee. 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

 

    	2

    	 

    

 

supervision
of servicing of the Mortgage Loans 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 Mortgage Loans by the Trustee. The Primary Servicer shall release from its
custody any Mortgage File retained by it only in accordance with this Agreement and the Pooling and Servicing Agreement. The Primary
Servicer shall provide to the Master Servicer as soon as practicable after request therefor by the Master Servicer a copy of any
documents held by it with respect to the Mortgage Loans. During the term of this Agreement, the Primary Servicer will also provide
to the Master Servicer a copy of any lease, amendments and other documents related to the Mortgaged Property securing the related
Mortgage Loan or related to the Mortgage Loan as soon as possible after receipt or execution thereof, as applicable. Except as
otherwise provided herein, the Primary Servicer shall not be obligated to provide a copy of any documents held by it with respect
to the Mortgage Loans to any Person not a party to this Agreement. If and so long as the Primary Servicer (i) has a vault or other
adequate safety procedures in place satisfactory to the Master Servicer, in its sole discretion, or (ii) outsources such responsibility
to a third party vendor satisfactory to the Master Servicer, who has a vault or other adequate safety procedures in place satisfactory
to the Master Servicer, in its sole discretion, the Primary Servicer shall hold the original of any letters of credit related
to a Mortgage Loan and perform any obligations of the Master Servicer with respect thereto all in accordance with any applicable
requirements of Section 2.01(b) of the Pooling and Servicing Agreement. If at any time the Primary Servicer does not satisfy
the conditions described in clause (i) or clause (ii) of the immediately preceding sentence, the Primary Servicer shall immediately
deliver to the Master Servicer the original of any letters of credit related to a Mortgage Loan.

Section
2.02Notice of Defect, Breach or Repurchase Request.

Following
its receipt from the Depositor, the Master Servicer shall provide a copy of the CCRE Loan Purchase Agreement to the Primary Servicer.
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 Document Defect or a Breach or receives a Repurchase Communication of a Repurchase, a Repurchase
Request, a Repurchase Request Rejection or a Repurchase Request Withdrawal. The Primary Servicer shall, within five (5) Business
Days of receipt, provide to the Master Servicer a copy of any written Repurchase Request, Repurchase Request Withdrawal, Repurchase
or Repurchase Request Rejection 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 2.03(a) of the Pooling and Servicing
Agreement.

 

    	3

    	 

    

 

ARTICLE
III

SERVICING OF THE MORTGAGE LOANS

 

Section
3.01     Primary Servicer to Service.

 

(a)     The
Primary Servicer, as an independent contractor, shall service and administer the Mortgage Loans in a manner consistent with the
Servicing Standard under the Pooling and Servicing Agreement.

 

(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 subject to this Agreement) as set forth in those sections of the Pooling and Servicing Agreement 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 Controlling Class Certificateholders, the Controlling
Class Representative, the Operating Advisor, the Rating Agencies, the Underwriters, the Initial Purchasers, 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 3.22 of the Pooling and Servicing Agreement as modified herein, the Primary Servicer shall service
and administer each Mortgage Loan as long as it is not a Specially Serviced Loan. 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 3.22 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 Depositor, the Custodian, the Rating Agencies, the Special Servicer, the Controlling Class
Certificateholder, the Controlling Class Representative, the Operating Advisor, the Underwriters, the Initial Purchasers 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 and (iii) references to the Mortgage Loans in the
Incorporated Sections (and in the defined terms used therein) shall be deemed to be references to the Mortgage Loans as defined
herein (such modification of the Incorporated Sections shall be referred to herein as the “References Modification”).
With respect to all servicing responsibilities of the Master Servicer under the Pooling and Servicing Agreement that 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. The Primary Servicer shall not take any action (whether
or not authorized hereunder) as to which the Master Servicer has advised it in writing that such action if taken may result in
the imposition of a tax on any portion of the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify
as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust. The Primary Servicer shall fully cooperate with the
Master Servicer in connection with avoiding the imposition of a tax

 

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on any portion of the Trust or cause either the Lower-Tier
REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust.

 

(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, in the absence of express
provisions in the related Loan Documents or to the extent that such terms authorize the lender to use its discretion, shall be
made by the Master Servicer.

 

(2)     Section
2.05(a). Section 2.05(a)(i) of the Pooling and Servicing Agreement shall be deemed modified to read “The Primary
Servicer is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of
Delaware, and the Primary Servicer is in compliance with the laws of each jurisdiction in which a 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 3.08(c) of the Pooling and
Servicing Agreement names the Master Servicer as an additional insured and loss payee; (ii) the net worth of the Primary Servicer
determined in accordance with generally accepted accounting principles is not less than $2 million; and (iii) the Primary Servicer
is authorized to transact business in the state or states in which the Mortgaged Properties are located, if and to the extent
required by applicable law.

 

(3)     Sections
3.01(a) and (b). The Primary Servicer shall use efforts consistent with the Servicing Standard to continue all UCC financing
statements in favor of the assignee prior to the expiration of such UCC financing statements. The Master Servicer shall forward
the Primary Servicer recorded UCC financing statements reflecting the Trust as the secured party. Notwithstanding the foregoing,
the Primary Servicer’s authority is restricted as provided in Section 3.01(c)(16) and (28) of this Agreement.

 

(4)     Sections
3.01(c) and (d). References to the Master Servicer shall not be deemed to be references to the Primary Servicer for purposes
of Sections 3.01(c) and (d) of the Pooling and Servicing Agreement. Each and every one of the terms and conditions
of Sections 3.01(c) and (d) 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 any new Primary Servicing Agreements in connection
with the Mortgage Loans and shall directly service the Mortgage Loans in accordance with the terms and conditions of this Agreement.
To the extent required by Sections 3.01(c) and (d) of the Pooling and Servicing Agreement, 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. The Primary Servicer may not foreclose any Mortgage
or, except as permitted by Section 3.01(c)(16) or (28) of this Agreement, grant any modification, extension, waiver
or amendment to any Mortgage Loan.

 

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(5)     Reserved.

 

(6)     Section
3.03. The Primary Servicer may not waive any Penalty Charges that the Master Servicer is permitted to waive under Section
3.03 of the Pooling and Servicing Agreement without the consent of the Master Servicer. The Primary Servicer shall forward
to the Master Servicer a copy of all income statements, rent rolls and other reporting information collected by the Primary Servicer
within the timeframe set forth in Section 3.01(c)(32) of this Agreement. The Primary Servicer shall promptly notify the
Master Servicer of any defaults under any Mortgage Loan, collection issues or customer issues; provided that the Primary Servicer
shall not take any action with respect to enforcing any Mortgage Loan without the prior written approval of the Master Servicer.

 

(7)     Section
3.04(a). Without limiting the generality of the obligations of the Primary Servicer hereunder, the Primary Servicer shall
monitor and certify to the information on the Mortgage Loans with respect to taxes, insurance premiums, assessments, ground rents
and other similar items on a quarterly basis, starting with the quarter ending March of 2016, 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)(32)
of this Agreement. The third, fourth, fifth and sixth sentences of Section 3.04(a) of the Pooling and Servicing Agreement
are not incorporated herein. The Primary Servicer shall not be obligated to make any Property Advances. Upon the occurrence of
an insured loss at a Mortgaged Property, the Primary Servicer shall notify the Master Servicer of the loss and the Primary Servicer’s
receipt of the Insurance Proceeds. The Primary Servicer will provide to the Master Servicer all loss-related records and information
received by the Primary Servicer as such information becomes available and shall confer with the Master Servicer regarding the
process of releasing to the affected Mortgagor the Insurance Proceeds, including but not limited to questions such as whether
the Primary Servicer is authorized to (i) endorse the checks issued by the insurer representing the Insurance Proceeds; and (ii)
release the Insurance Proceeds to the affected Mortgagor. With respect to non-escrowed payments, when the Primary Servicer becomes
aware in accordance with the Servicing Standard that a Mortgagor has failed to make any such payment or, with respect to escrowed
loans, collections from a Mortgagor are insufficient to pay any such item before the applicable penalty or termination date, the
Primary Servicer shall promptly notify the Master Servicer. The Master Servicer may direct the Primary Servicer to (and upon such
direction, the Primary Servicer shall) make a payment from amounts on deposit in the Primary Servicer Collection Account as contemplated
by Section 3.04(a) of the Pooling and Servicing Agreement.

 

(8)     Section
3.04(b), (c) and (d). The creation of any Escrow 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 within three (3) days of
the Closing Date and thereafter to the Master Servicer upon any transfer of any Escrow Account. Without the express written consent
of the Master Servicer, the Primary Servicer shall not (a) waive or extend the date set forth in any agreement governing reserve
funds by which the required repairs and/or capital improvements at the related Mortgaged Property must be completed or (b) release
any earn out reserve funds or return any related letters of credit delivered in lieu of earn out reserve funds. The Primary Servicer
shall promptly notify the Master Servicer of any failure by a Mortgagor described in Section 3.04(d) of the Pooling and
Servicing Agreement.

 

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(9)     Section
3.05(a). The Primary Servicer shall establish a collection 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 within three (3) days of the Closing Date and thereafter to the Master Servicer upon any transfer of the
Primary Servicer Collection Account. The last two paragraphs of Section 3.05(a) of the Pooling and Servicing Agreement
are not incorporated herein. The Primary Servicer shall deposit into the Primary Servicer Collection Account and include in its
Primary Servicer Remittance Amount all payments in the nature of Ancillary Fees, Consent Fees, Assumption Fees, assumption application
fees, defeasance fees and other fees and amounts collected from the 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)(19) 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 3.05(a)
of 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.

 

(10)     Reserved.

 

(11)     Section
3.06 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)     to
remit to the Master Servicer for deposit in the Collection Account the amounts required to be so deposited pursuant to Section
4.06(a)(i)-(v) of the Pooling and Servicing Agreement and Section 3.01(c)(33) of this Agreement;

 

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

 

(iii)  to
pay itself, as additional servicing compensation in accordance with Section 3.12(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)(13) of this Agreement, but only to the extent of the net investment earnings, if any, with respect to the Primary
Servicer Collection Account for any Collection Period;

 

    	7

    	 

    

 

(iv)   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

 

(v)     any
amounts deposited in the Primary Servicer Collection Account in error.

 

The
Primary Servicer shall keep and maintain separate accounting records, on a Mortgage Loan by Mortgage Loan basis, reflecting amounts
allocable to the Mortgage Loans, 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, the Primary Servicer shall provide to the
Master Servicer such records.

 

(12)     Reserved.

 

(13)     Section
3.07 is not incorporated herein. The Primary Servicer may invest funds in the Primary Servicer Collection Account and/or any
Mortgagor Account maintained by it on the same terms as the Master Servicer may invest funds in the Collection Account and/or
Mortgagor 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 Mortgagor Account shall be made in the
name of the Certificate Administrator (on behalf of the Trustee for the benefit of the Certificateholders) or in the name of a
nominee of the Certificate Administrator.

 

(14)     Sections
3.08(a) and (b). 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 an additional
insured and loss payee. Within thirty (30) days after the Closing Date, 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 on a quarterly basis starting for the quarter ending in March of 2016, 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)(32) 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 shall make all determinations
with respect to terrorism insurance matters required to be made under Section 3.08 of the Pooling and Servicing Agreement,
and the Primary Servicer shall reasonably cooperate with the Master Servicer in connection therewith.

 

(15)     Section
3.08(c). The fidelity bond and insurance policies required hereunder shall also name the Master Servicer as additional insured
and loss payee.

 

(16)     Section
3.09. Notwithstanding anything herein to the contrary, the Primary Servicer shall not take any action with respect to any
assumption, transfer, defeasance or other action contemplated by Section 3.09 of the Pooling and Servicing Agreement without
the prior

 

    	8

    	 

    

 

written consent of the Master Servicer. With respect to any such proposed action, the Primary Servicer shall promptly
notify the Master Servicer of any Mortgagor request for such action, and 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 3.09
of the Pooling and Servicing Agreement. The Master Servicer, not the Primary Servicer, will deal directly with the Special Servicer,
the Controlling Class Representative and the Rating Agencies in connection with obtaining any necessary approval or consent from
the Special Servicer. If the Master Servicer consents to such transaction, the Primary Servicer shall document and close such
transaction.

 

(17)     Section
3.10. References to the Master Servicer shall not be deemed to be references to the Primary Servicer for purposes of Section
3.10 (other than Section 3.10(h)) of the Pooling and Servicing Agreement.

 

(18)     Section
3.11. The references to the Collection Account 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.

 

(19)     Section
3.12(a). References to the Servicing Fee shall be references to the Primary Servicing Fee and references in the definition
of “Servicing Fee” to the Servicing Fee Rate shall be references to the Primary Servicing Fee Rate. The last three
sentences of the first paragraph and the second paragraph of Section 3.12(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 Mortgagor Accounts (to the extent consistent
with the related Loan Documents), (ii) 50% of that portion of Excess Penalty Charges relating to late fees (but not Default Interest)
on Mortgage Loans to which the Master Servicer is entitled under the Pooling and Servicing Agreement and not required by the Pooling
and Servicing Agreement to cover Advance Interest or Additional Trust Fund Expenses, (iii) 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 to
the extent the Master Servicer is entitled to such items under Section 3.12(a) of the Pooling and Servicing Agreement,
(iv) 50% of that portion of any Assumption Fees and any similar fees to which the Master Servicer is entitled under Section
3.12(a) of the Pooling and Servicing Agreement with respect to the Mortgage Loans in connection with matters performed by
the Primary Servicer pursuant to Section 3.01(c)(16) of this Agreement, (v) 100% of that portion of any assumption application
fees to which the Master Servicer is entitled under Section 3.12(a) of the Pooling and Servicing Agreement with respect
to the Mortgage Loans in connection with matters performed by the Primary Servicer pursuant to Section 3.01(c)(16) of this
Agreement, (vi) 50% of that portion of any Excess Modification Fees, Consent Fees and similar fees to which the Master Servicer
is entitled under Section 3.12(a) of the Pooling and Servicing Agreement with respect to the Mortgage Loans in connection
with matters performed by the Primary Servicer pursuant to Section 3.01(c)(28) of this Agreement, (vii) 50% of that portion
of any defeasance fees to which the Master Servicer is entitled under Section 3.12(a) of the Pooling and Servicing Agreement
with respect to Mortgage Loans in connection with matters performed by the Primary Servicer

 

    	9

    	 

    

 

pursuant to Section 3.01(c)(16)
of this Agreement, and (viii) 100% of that portion of any beneficiary statement charges to which the Master Servicer is entitled
under Section 3.12(a) of the Pooling and Servicing Agreement with respect to the Mortgage Loans. The Primary Servicer shall
not be entitled to Prepayment Interest Excesses, Default Interest or any other amounts not specifically addressed above in this
Section 3.01(c)(19).

 

(20)     Section
3.12(d) and (e). The Primary Servicer shall promptly notify the Master Servicer of any request or inquiry described in the
second paragraph of Section 3.12(e) of the Pooling and Servicing Agreement (i.e., a request from a Mortgagor, Certificateholder
or other Person that requires the assistance of Independent legal counsel or other consultant, as further described in the Pooling
and Servicing Agreement).

 

(21)     Section
3.13. The Primary Servicer shall deposit all Prepayment Interest Shortfalls in the Primary Servicing Account on each Primary
Servicer Remittance Date.

 

(22)     Section
3.15. The Primary Servicer shall also be subject to Section 3.01(c)(30) of this Agreement. None of the restrictions
in Section 3.15 of the Pooling and Servicing Agreement or Section 3.01(c)(30) 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, on the other hand, with regard to (i) such Rating Agency’s review of the ratings it assigns to the Primary Servicer,
(ii) such Rating Agency’s approval of the Primary Servicer as a commercial mortgage master, special or primary servicer
or (iii) such Rating Agency’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 or the Mortgage Loans to a Rating Agency
in connection with such review and evaluation by such Rating Agency unless (x) borrower, property or deal specific identifiers
are redacted; or (y) such information has already been provided to the Depositor and has been uploaded on to the Depositor’s
17g-5 Website. The Primary Servicer shall provide to Master Servicer access to all the Servicing Files, Mortgage Files and servicing
systems maintained by the Primary Servicer with respect to the Mortgage Loans for audit and review.

 

(23)     Sections
3.18(a) and (b). The Primary Servicer shall promptly (but in no event later than thirty (30) 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. 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 (with a
copy to the Master Servicer by email to cmsins@wellsfargo.com) a letter identifying such deferred maintenance item and instructing
the related Mortgagor to correct such deferred maintenance item and (y) shall follow up with the related Mortgagor in writing
(with a copy to the Master Servicer by email to cmsins@wellsfargo.com) and at such frequency as is in accordance with the Servicing
Standard to confirm that such deferred maintenance item is being corrected. With respect to the Mortgage Loans serviced hereunder,
the Primary Servicer shall inform each ground lessor that any notices of default under the related Ground Lease should thereafter
be forwarded to the Master Servicer in addition to the Primary Servicer.

 

(24)     Section
3.19.

 

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(25)     Section
3.20 is not incorporated herein. The Primary Servicer shall not be obligated to make any Property Advance. 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 Property Advance with respect to a Mortgage 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 Property Advance would constitute a Nonrecoverable Advance.

 

(26)     Section
3.22(a). The Primary Servicer shall promptly notify the Master Servicer of any event or circumstance that the Primary Servicer
deems to constitute a Servicing Transfer Event with respect to any Mortgage Loan. The determination as to whether a Servicing
Transfer Event has occurred shall be made by the Master Servicer. Upon receipt by the Master Servicer of notice from the Special
Servicer than a Specially Serviced Loan has become a Corrected Mortgage 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 shall resume.

 

(27)     [Reserved].

 

(28)     Section
3.24. Notwithstanding anything herein to the contrary, the Primary Servicer shall not take any action with respect to any
modification, extension, waiver, consent or other action contemplated by Section 3.24 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
promptly notify the Master Servicer of any Mortgagor request for such action, and 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
3.24 of the Pooling and Servicing Agreement. The Master Servicer, not the Primary Servicer, will deal directly with the Special
Servicer, the Operating Advisor and the Rating Agencies in connection with obtaining any necessary approval or consent from the
respective party. If the Master Servicer consents to such transaction, the Primary Servicer shall document and close such transaction.
When forwarding a request for the approval of any 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 with respect to any Mortgage Loan without the written consent of
the Master Servicer. The Primary Servicer shall promptly forward all requests for Principal Prepayments 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.

 

(29)     Section
3.25 is not incorporated herein. The Primary Servicer will not permit any replacement of a Manager for the related Mortgaged
Property with respect to any Mortgage Loan without the express written consent of the Master Servicer.

 

(30)     Section
3.30 is not incorporated herein. Notwithstanding any provision herein to the contrary, the Primary Servicer shall not deliver
any information or documents to the Rating Agencies or make any request to a Rating Agency for a Rating Agency Confirmation; all
such deliveries and requests shall be made by, and as determined necessary by, the Master Servicer.

 

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The Primary Servicer shall
not communicate (orally or in writing) with any Rating Agency regarding any of the Loan Documents or any matter related to the
Mortgage 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)(30) 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 any Mortgage Loan 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)     [Reserved.]

 

(32)     Section
4.02(b) is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, no later than 1:00 p.m. New
York City time on the first Business Day following the Determination Date, by electronic transmission in the format designated
by the Master Servicer, a CREFC® Delinquent Loan Status Report, the CREFC® Financial File, the CREFC®
Property File, the CREFC® Comparative Financial Status Report (except for the first two Distribution Dates),
the CREFC® Servicer Watch List and Portfolio Review Guidelines, the CREFC® Total Loan Report and
the CREFC® Loan Level Reserve/LOC Report, each providing the required information as of such Determination Date.
At the request of Master Servicer, the Primary Servicer shall send to each Mortgagor a notice directing the Mortgagor to forward
to the Special Servicer annual, quarterly and monthly operating statements, budgets and rent rolls of the related Mortgaged Property,
and financial statements of the related Mortgagor. The preparation and maintenance by the Primary Servicer of all the reports
specified in this Section 3.01(c)(32), including the calculations made therein, shall be done in accordance with CREFC®
standards to the extent applicable thereto.

 

The
Primary Servicer shall deliver to the Master Servicer, (a) on a monthly basis, no later than 1:00 p.m. New York City time on the
Primary Servicer Reporting Date, by electronic transmission in a format designated by the Master Servicer, the CREFC®
Loan Periodic Update File, providing the required information as of such Determination Date, (b) on a monthly basis, no
later than 1:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a format designated
by the Master Servicer the Collection Report (the information therein to be stated as of the Determination Date) in the form of
Exhibit G attached hereto and (c) within thirty (30) days after the end of each calendar quarter, beginning with
the quarter ending on March 31, 2016, the certification on the Mortgage Loans, including without

 

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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 on the second Business Day of each month by electronic transmission
in a format designated by the Master Servicer, a remittance report containing scheduled balance information for the Mortgage Loans
reflecting the scheduled Monthly 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)(33) 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 1:00 p.m. New York City time
by the twenty-fifth day of each month, a certification in the form of Exhibit J attached hereto. The Primary Servicer
shall also prepare and deliver to the Master Servicer such other reports as reasonably requested by the Master Servicer from time
to time.

 

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, income statements, rent rolls and other
reporting information collected by the Primary Servicer and the CREFC® Operating Statement Analysis Report and
CREFC® NOI Adjustment Worksheet with respect to the Mortgage Loans as required by Section 4.02(b) of the
Pooling and Servicing Agreement.

 

(33)     Section
4.06 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. 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 two sentences, 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 any Mortgage Loan and any related late fees or Default
Interest. Section 3.01(c)(32) of this Agreement sets forth certain reporting requirements with respect to such remittances.
The Primary Servicer shall have no obligation to make P&I Advances.

 

(34)     Sections
10.01, 10.02, 10.03, 10.04, 10.05, 10.06, 10.07, 10.08, 10.09, and 10.11. The Primary Servicer shall perform all obligations
and be subject to all restrictions and requirements applicable to the Master Servicer or “Sub-Servicer” in such Sections
as they relate to its duties thereunder. In addition, if the Primary Servicer is a “Servicing Function Participant”
or a “Reporting Servicer” it shall perform all obligations and be subject to all restrictions and requirements applicable
to a “Servicing Function Participant” or a “Reporting Servicer” in such Sections. 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

 

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Certificate Administrator, the Trustee, the Depositor, any Other Depositor or any Other Exchange Act Reporting Party, as applicable,
to permit the Depositor or any Other Depositor, as applicable, to comply with the provisions of Regulation AB and the Master Servicer
to comply with its obligations under Article X of the Pooling and Servicing Agreement, together with such disclosures relating
to the Primary Servicer, or the servicing of the Mortgage Loans, reasonably believed by the Depositor or any Other Depositor,
the Certificate Administrator or the Master Servicer, as applicable, to be necessary in order to effect such compliance. For purposes
of this Section 3.01(c)(34) of this Agreement, references to the Trustee, the Certificate Administrator or the Depositor
(or any Other Depositor or Other Exchange Act Reporting Party) in Article X of the Pooling and Servicing Agreement shall
not be deemed to be references to the Master Servicer but shall remain references to the Trustee, the Certificate Administrator
or the Depositor (or any Other Depositor or Other Exchange Act Reporting Party); 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 Exchange Act Reporting Party or the Other Depositor pursuant to this Section 3.01(c)(34) 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 Sections 10.01 and 10.02 of the Pooling
and Servicing Agreement 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 Sections 10.01 and 10.02 of the Pooling and Servicing
Agreement 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 and each Other Depositor and Other Exchange Act Reporting Party to which
such Additional Form 10-D Disclosure is relevant for Exchange Act reporting purposes) within the time provided in Section 10.03
of the Pooling and Servicing Agreement.

 

The
Primary Servicer shall provide all the reports required of a Reporting Servicer under Section 10.04 of the Pooling and
Servicing Agreement. The Primary Servicer shall provide all reasonable cooperation (with respect to information regarding the
Primary Servicer or the Mortgage Loans) to enable the Master Servicer to provide any Additional Form 10-K Disclosure. 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 and each Other Depositor and each Other Exchange Act Reporting Party to which
the particular Additional Form 10-K Disclosure is relevant for Exchange Act reporting purposes), on or before the third Business
Day preceding March 1st of each year, beginning February 25, 2016.

 

The
Primary Servicer (without regard to whether the Primary Servicer is a Servicing Function Participant, a Reporting Servicer or
Additional Servicer) shall provide a Sarbanes-

 

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Oxley Certification described in Section 10.05 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 by March 1st (with a grace period through March 10th). If the
Primary Servicer is a Reporting Servicer, such Sarbanes-Oxley Certification shall also be provided to the Certifying Person by
the time required by the Pooling and Servicing Agreement, and if the Primary Servicer is not a Reporting Servicer, such Sarbanes-Oxley
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 in complying with Section 10.05 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 10.05 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 and each Other Depositor and Other Exchange
Act Reporting Party to which such Form 8-K Disclosure Information is relevant for Exchange Act reporting purposes, within the
time provided in Section 10.06 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 10.07 of the Pooling and Servicing Agreement to the Master
Servicer by March 1st (with a grace period through March 10th) each year. If the Primary Servicer is an
Additional Servicer, the Primary Servicer shall also deliver such Officer’s Certificate to the Certificate Administrator,
the Serviced Companion Loan Holders (or, in the case of a Serviced Companion Loan that is part of an Other Securitization Trust,
the applicable Other Depositor and Other Exchange Act Reporting Party) and the Depositor, and shall forward a copy to, prior to
the occurrence and continuance of a Consultation Termination Event, the Controlling Class Representative, within the time provided
in Section 10.07 of the Pooling and Servicing Agreement, and if the Primary Servicer is not an Additional Servicer, 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 10.08 and 10.09 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 by March 1st (with a grace period through March 10th) each year. If
the Primary Servicer is a Servicing Function Participant, a Reporting Servicer or Additional Servicer, the report on an assessment
of compliance with the Relevant Servicing Criteria and accountants’ report shall also be delivered to the Certificate Administrator,
the Trustee, the Serviced Companion Loan Holders (or, in the case of a Serviced Companion Loan that is part of an Other Securitization
Trust, the applicable Other Depositor and Other Exchange Act Reporting Party), the Custodian and the Depositor, and only with
respect to the accountants’ report, prior to the occurrence and continuance of a Consultation Termination Event, the Controlling
Class Representative, within the time provided in Sections 10.08 and 10.09 of the Pooling and Servicing Agreement,
and if the Primary Servicer is not a Servicing Function Participant, a

 

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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.

 

Subject
to other provisions of this Agreement restricting the right of the Primary Servicer to retain subservicers or subcontractors,
the provisions of Article X of the Pooling and Servicing Agreement 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.

 

If
the Primary Servicer is (or was during any time relevant to the fourth and last paragraph of Section 10.11) an Additional
Servicer or Servicing Function Participant, the Primary Servicer shall perform all of the obligations of an Affected Reporting
Party contained in the fourth and last paragraph of Section 10.11. The Primary Servicer shall also obtain the consent of
the Master Servicer (which consent shall not be unreasonably denied, withheld or delayed) when the Depositor’s consent is
required under this paragraph.

 

The
Primary Servicer shall indemnify and hold harmless the Master Servicer, each Certification Party, the Certificate Administrator,
the Depositor and each Other Depositor (and their respective employees, managers, members, agents, directors and officers, and
each other person who controls any such entity within the meaning of either Section 15 of the Act or Section 20 of the Exchange
Act) from and against any and all expenses, losses, claims, damages, penalties, fines, forfeitures, legal fees and related costs,
judgments and other costs and expenses incurred by such indemnified party arising out of (i) the failure to perform its obligations
to the Master Servicer, the Depositor, any Other Depositor or Certificate Administrator under this Section 3.01(c)(34)
by the time required after giving effect to any applicable grace period or cure period, (ii) negligence, bad faith or willful
misconduct on the part of the Primary Servicer in the performance of such obligations, (iii) any failure by a Servicer (as defined
by Section 10.01(b) of the Pooling and Servicing Agreement) to identify a Servicing Function Participant pursuant to Section
10.01(c) of the Pooling and Servicing Agreement, (iv) the failure of any Servicing Function Participant or Additional Servicer
retained by it to perform its obligations to the Master Servicer, the Depositor, any Other Depositor or Certificate Administrator
under this Section 3.01(c)(34) by the time required after giving effect to any applicable grace period and cure period,
or (v) any Deficient Exchange Act Deliverable regarding, and delivered by or on behalf of, the Primary Servicer.

 

The
Master Servicer shall notify the Primary Servicer if the Primary Servicer becomes a Servicing Function Participant, an Additional
Servicer, and/or a Reporting Servicer. Upon request, the Master Servicer shall provide the Primary Servicer with current mailing
addresses of the Trustee, the Depositor, the Certificate Administrator, the Companion Loan Holders, the applicable Other Depositor
and/or Other Exchange Act Reporting Party to whom the Primary Servicer must deliver Exchange Act-related reports as a result of
becoming a Servicing Function Participant, an Additional Servicer and/or a Reporting Servicer.

 

If
the indemnification provided for in this Section 3.01(c)(34) is unavailable or insufficient to hold harmless any Certification
Party, the Master Servicer, the Depositor, any

 

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Other Depositor, or any employee, manager, member, agent, director or officer of
the Depositor or any Other 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)(34).

 

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 limited liability company under the laws
of the state of its formation except as permitted herein, and shall obtain and preserve its qualification to do business as a
foreign limited liability company in each jurisdiction in which such qualification is or shall be necessary to protect the validity
and enforceability of this Agreement or the Mortgage Loans and to perform its duties under this Agreement.

 

Any
Person into which the Primary Servicer may be merged or consolidated, or any limited liability company resulting from any merger,
conversion or consolidation to which the Primary Servicer shall be a party, or any Person succeeding to the business of the Primary
Servicer, or any Person succeeding to all or substantially all of the servicing 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 company whose business is the origination and servicing of mortgage loans and shall be authorized
to transact business in the state or states in which the Mortgaged Properties it is to service are situated, (ii) must be reasonably
acceptable to the Master Servicer, and (iii) shall assume in writing the obligations of the Primary Servicer under this Agreement.

 

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

 

Neither
the Primary Servicer nor any Affiliates, directors, officers, employees, members, managers, representatives or agents of the Primary
Servicer (the “Primary Servicer Parties”) will be under any liability to the Master Servicer for 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 Parties against any breach of warranties or representations
made herein, or against any liability that would otherwise be imposed on the Primary Servicer by reason of its 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 duties hereunder or by reason of its negligent disregard of its obligations or duties hereunder. The
Primary Servicer and any officer, employee or Affiliate of the Primary Servicer may rely in good faith on any document of any
kind, prima facie, properly executed and submitted by any appropriate 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 is related to
its duties under this Agreement and either (i) it is specifically required to bear the cost of such action or (ii) such action
will not, in its reasonable and good faith judgment, involve it in any ultimate expense or liability for which it would not be
reimbursed hereunder; provided, however, that the Primary Servicer may, with the consent of the

 

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Master Servicer,
undertake any such action which it may deem necessary or desirable in respect to this Agreement and the rights and duties of the
parties hereto. In such event, the legal expenses and costs of such action and any liability resulting therefrom shall be expenses,
costs and liabilities for which the Master Servicer will be liable and the Primary Servicer shall be entitled to be reimbursed
to the extent the Master Servicer is reimbursed therefor by the Trust. To the extent provided in the Pooling and Servicing Agreement,
the Primary Servicer Parties shall be indemnified by the Trust, against any Losses incurred by the Primary Servicer in connection
with any claim, loss, penalty, fine, foreclosure, judgment, liability or legal action relating to this Agreement, other than any
Losses (i) that are specifically required to be borne by the Primary Servicer without right of reimbursement pursuant to the terms
of this Agreement or (ii) that are incurred by reason of (A) a breach of any representation or warranty by the Primary Servicer
or (B) willful misconduct, bad faith, fraud or negligence of the Primary Servicer in the performance of duties under this Agreement
or negligent disregard of obligations and duties under this Agreement; provided, however, that the indemnification described in
this sentence shall be strictly limited to any actual amount of indemnification received by the Master Servicer under the Pooling
and Servicing Agreement as a result of pursuing the Trust on behalf of the Primary Servicer for such indemnification.

 

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 mutual consent of the Primary
Servicer and 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 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 neither assign or transfer
this Agreement or the servicing hereunder nor delegate its rights or duties hereunder or any portion thereof, nor 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 other parties independent of the Primary Servicer. If after receipt by the Primary Servicer of all
bids, the Master Servicer is not the highest bidder, the Master Servicer will be given the opportunity to submit a second bid
and final bid, which bid shall be given equal consideration with all other bids.

 

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Section
3.06     Indemnification.

 

The
Primary Servicer Parties shall be indemnified by the Master Servicer against any loss, liability or expense (collectively, the
“Losses”) incurred by the Primary Servicer in connection with any claim, loss, penalty, fine, foreclosure,
judgment, liability or legal action relating to this Agreement resulting from the Master Servicer’s willful misconduct,
bad faith, fraud, or negligence in the performance of duties hereunder or negligent disregard of its obligations hereunder. The
Primary Servicer shall indemnify and hold harmless the Master Servicer and its directors, officers, representatives, members,
managers, agents, employees or affiliates against any Losses incurred by the Master Servicer in connection with any claim, loss,
penalty, fine, foreclosure, judgment, liability or legal action relating to this Agreement, the Pooling and Servicing Agreement
or the Certificates by reason of (1) any breach by the Primary Servicer of a representation or warranty made by the Primary Servicer
in this Agreement or (2) any willful misconduct, bad faith, fraud or negligence by the Primary Servicer in the performance of
its obligations or duties under this Agreement or under the Pooling and Servicing Agreement or by reason of negligent disregard
of such obligations and duties. Each 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. This Section 3.06 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, a “Primary Servicer Termination Event”) by the Primary Servicer
shall occur and be continuing, that is to say:

 

(a)     any
failure by the Primary Servicer (i) to make a required deposit to the Primary Servicer Collection Account or any Mortgagor
Account maintained by the Primary Servicer on the day and by the time such deposit was first required to be made, or (ii) to
remit to the Master Servicer any amount required to be so deposited or remitted by the Primary Servicer, which failure is not
cured within one (1) Business Day after such deposit or remittance is due; or

 

(b)     any
failure on the part of the Primary Servicer to observe or perform its obligations and duties in accordance with Section 3.08
of the Pooling and Servicing Agreement; or

 

(c)     any
failure on the part of the Primary Servicer to (a) make available and certify to the Master Servicer the information called for
on Exhibit E at any time required hereunder, or (b) to timely make available and certify to the Master Servicer
the Collection Report which failure continues unremedied for one (1) Business Day; or

 

(d)     the
Primary Servicer shall fail three (3) times within any twelve (12) month period to (a) timely deposit or remit any amounts required
to be deposited or remitted under this

 

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Agreement, or (b) timely provide to the Master Servicer any report required by this Agreement
to be provided to the Master Servicer; or

 

(e)     any
failure (other than a failure referred to in another clause in this Section 4.01) on the part of the Primary Servicer duly
to observe or perform in any material respect any other of its covenants or agreements contained in this Agreement, which continues
unremedied for a period of twenty (20) days (ten (10) days in the case of a 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 the date on which written notice of such failure, requiring
the same to be remedied, shall have been given to the Primary Servicer by the Master Servicer; provided, if that failure with
a 20-day cure period is capable of being cured and the Primary Servicer is diligently pursuing such cure, such 20-day period will
be extended an additional forty-five (45) days; provided that the Primary Servicer has commenced to cure such failure within the
initial 20-day period and has certified that it has diligently pursued, and is continuing to pursue, a full cure; or

 

(f)     any
breach on the part of the Primary Servicer of any representation or warranty contained in this Agreement which materially and
adversely affects the interests of the Master Servicer or any Class of Certificateholders and which continues unremedied for a
period of twenty (20) 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 if that breach is capable of being cured and the Primary Servicer is
diligently pursuing that cure, that 20-day period will be extended an additional forty-five (45) days; provided that the Primary
Servicer has commenced to cure such failure within the initial 20-day period and has certified that it has diligently pursued,
and is continuing to pursue, a full cure; or

 

(g)     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 forty-five (45) days; or

 

(h)     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

 

(i)     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

 

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(j)     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

 

(k)     either
Moody’s or KBRA (or, in the case of Serviced Companion Loan Securities, any Companion Loan Rating Agency) has (i) qualified,
downgraded or withdrawn its rating or ratings of one or more Classes of Certificates or one or more classes of Serviced Companion
Loan Securities, or (ii) placed one or more Classes of Certificates or one or more classes of Serviced Companion Loan Securities
on “watch status” in contemplation of rating downgrade or withdrawal and, in the case of either clauses (i) or (ii),
publicly citing servicing concerns with the Master Servicer (because of actions of the Primary Servicer) or the Primary Servicer
as the sole or material factor in such rating action (and such qualification, downgrade, withdrawal or “watch status”
placement has not been withdrawn by such Rating Agency (or, in the case of Serviced Companion Loan Securities, any Companion Loan
Rating Agency) within sixty (60) days of such event); or

 

(l)     the
Primary Servicer ceases to have a commercial primary servicer rating of at least “CPS3” from Fitch and that rating
is not reinstated within 60 days of downgrade or withdrawal of such rating; or

 

(m)     the
net worth of the Primary Servicer, determined in accordance with generally accepted accounting principles shall decline to less
than $2 million; or

 

(n)     a
Servicer Termination Event by the Master Servicer under the Pooling and Servicing Agreement occurs, which Servicer Termination
Event occurred as a result of the failure of the Primary Servicer to perform any obligation required under this Agreement; or

 

(o)     (1)
so long as the Issuing Entity is subject to Exchange Act reporting requirements, any failure by the Primary Servicer to deliver
any annual certification, assessment of compliance with certain servicing criteria, any accountant’s attestation report
or any other Exchange Act reporting items that the Primary Servicer is required by this Agreement to deliver to the Depositor,
the Certificate Administrator or the Master Servicer (after any applicable grace period), (2) the failure of the Primary Servicer
to comply with any of the requirements under Article X of the Pooling and Servicing Agreement applicable to the Primary
Servicer or the Master Servicer, including the failure to deliver any reports, certificates or disclosure information under the
Exchange Act or under the rules and regulations promulgated under the Exchange Act, at the time such report, certification or
information is required under Article X of the Pooling and Servicing Agreement; or

 

(p)     the
failure of the Primary Servicer to comply with any and all requirements to deliver any items required by Items 1122 and 1123 of
Regulation AB under any other pooling and servicing agreement relating to any other series of certificates offered by the Depositor.

 

If
any Primary Servicer Termination Event shall occur and be continuing, then, and in each and every such case, so long as such Primary
Servicer Termination Event shall not have been remedied, the Master Servicer, or in the case of a Primary Servicer Termination
Event described in Section 4.01(o) and (p) of this Agreement, the Depositor, may terminate, by notice in writing to the
Primary Servicer, all of the rights and obligations of the Primary Servicer as

 

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Primary Servicer under this Agreement and in and
to the Mortgage 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 or otherwise, shall
pass to and be vested in the Master Servicer pursuant to and under this Section 4.01, 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 and related documents, or otherwise. The Primary Servicer agrees that if it is terminated pursuant to this
Section 4.01, 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 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 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 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 Escrow Account or any
Lock-Box Account, or thereafter be received with respect to the Mortgage Loans (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 rate of Wells Fargo Bank, National Association prime rate plus three percent (3%) per annum, 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.

 

In
addition to any other rights and remedies available to the Master Servicer hereunder or at law or equity, including, without limitation,
the right to a recovery of damages, the Master Servicer may impose, and if so imposed, the Primary Servicer shall pay, the penalties
described in this paragraph for any failure by the Primary Servicer to timely provide to the Master Servicer any report or certification
required by this Agreement to be provided to the Master Servicer, the Collection Report required by this Agreement, the remittance
report in the form of Exhibit G required by this Agreement, or the account reconciliations required by this Agreement
(and, with respect to the account reconciliations, such failure continues unremedied for thirty (30) days after the time within
which they are required to be delivered) (each such failure referred to herein as a “Primary Servicer Delinquency”).
The Master Servicer may impose on the Primary Servicer a penalty of $500.00 for the first Primary Servicer Delinquency to occur
hereunder (“Initial Primary Servicer Delinquency”), a penalty of $1,000.00 for the next Primary Servicer Delinquency
occurring within two (2) years following an Initial Primary Servicer Delinquency, and a penalty of $1,500.00 for any other Primary
Servicer Delinquency occurring within two (2)

 

    	22

    	 

    

 

years following an Initial Primary Servicer Delinquency; provided, however, that
if no Primary Servicer Delinquency occurs during any two (2) year period, the first Primary Servicer Delinquency thereafter shall
be deemed to be an “Initial Primary Servicer Delinquency”. The penalties provided for in this paragraph are not intended
to constitute liquidated damages. The rights and remedies of the Master Servicer under this Agreement are cumulative with, and
not exclusive of, any other rights or remedies which it would otherwise have.

 

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 Primary Servicer Termination Event 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 Primary Servicer Termination Event, so long as such Primary Servicer Termination Event 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 Primary Servicer Termination Event.

 

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 remittance of all funds due hereunder or if the last Mortgage Loan becomes
an REO Mortgage Loan or the related Mortgaged Property becomes REO Property; (ii) by mutual consent of the Primary Servicer and
the 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 accrued and unpaid Primary Servicing
Fees; (v) with respect to any Mortgage Loan, upon such Mortgage Loan becoming a Specially Serviced Loan;

 

    	23

    	 

    

 

(vi) at the option of
the Trustee if the Trustee has assumed the duties of the Master Servicer or by 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 of the Master Servicer
pursuant to Section 7.02 of the Pooling and Servicing Agreement; or (vii) upon termination of the Pooling and Servicing
Agreement. Notwithstanding anything herein to the contrary, the Primary Servicer shall not receive any Primary Servicing Fee upon
termination of this 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 the Mortgage
Loans as provided in Section 4.01 of this Agreement upon the occurrence of a Primary Servicer Termination Event.

 

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

 

Additionally,
the Depositor may terminate any rights the Primary Servicer may have hereunder with respect to the Mortgage Loans at any time
following any failure of the Primary Servicer to deliver any Exchange Act reporting items that the Primary Servicer is required
to deliver under Regulation AB or as otherwise contemplated by Article X of the Pooling and Servicing Agreement.

 

Section
5.03     Intentionally Deleted.

 

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

 

At
such time as any Mortgage Loan becomes a Specially Serviced Loan, the obligations and duties of the Primary Servicer set forth
herein with respect to such Specially Serviced Loan shall cease and such Mortgage Loan shall no longer be subject to this Agreement.

 

ARTICLE
VI

MISCELLANEOUS

 

Section
6.01     Successor to the Primary Servicer.

 

Prior
to termination of the Primary Servicer’s responsibilities and duties under this Agreement pursuant to Sections 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.

 

    	24

    	 

    

 

Section 6.02     Financial
Statements.

 

The Primary Servicer
shall, upon the request of the Master Servicer, make available its financial statements and other records relevant to the performance
of the Primary Servicer’s obligations hereunder. It is acknowledged that the Primary Servicer and the Master Servicer
have entered into that certain confidentiality and nondisclosure agreement dated August 8, 2013 (the “NDA”),
and that any financial statements and other information relating to the Primary Servicer provided by the Primary Servicer to the
Master Servicer pursuant to this Agreement for the purpose of enabling the Master Servicer to receive information related to sub-servicer
reviews are subject to the terms of the NDA by its terms; provided that information regarding the Mortgage Loans, the Mortgagors
or Mortgaged Properties shall not be subject to the NDA; and provided, further, that the NDA shall not be deemed to restrict the
Master Servicer’s use of information for the purpose of evaluating the Primary Servicer’s performance under, and compliance
with, this Agreement.

 

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 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)(8) and (9) 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

 

    	25

    	 

    

 

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

 

Section 6.05     Notices.

 

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:

 

(i)           if
to the Master Servicer:

 

Wells Fargo Bank, National Association

Commercial Mortgage Servicing

MAC D1086

550 South Tryon Street, 14th Floor

Charlotte, North Carolina 28202

Reference: GS 2015-GC34 Asset Manager

 

with a copy to:

Wells Fargo Bank, National Association

Legal Department

301 S. College St., TW-30

D1053-300

Charlotte, North Carolina 28202-6000

Reference: Commercial Mortgage Servicing Legal Support

 

with a copy to:

 

K&L Gates LLP

Hearst Tower

214 North Tryon Street

Charlotte, North Carolina 28202

Attention: Stacy G. Ackermann

 

(ii)          if
to the Primary Servicer:

 

Berkeley Point Capital LLC

One Beacon Street, 14th Floor

Boston, MA 02108

Attention: Director and Head of Servicing

 

with a copy to:

 

Berkeley Point Capital LLC

4550 Montgomery Avenue Suite 1100

Bethesda, MD 20814

Attention: Raqual Crea-Legal Department

 

    	26

    	 

    

 

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

 

Section 6.06     Severability
Clause.

 

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 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 shall
be construed in accordance with the laws of the State of New York and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with the laws of the State of New York, except to the extent preempted by Federal Law.

 

Section 6.09     Protection
of Confidential Information.

 

The Primary Servicer
shall keep confidential and shall not divulge to any party other than the Master Servicer, the Depositor, the Special Servicer
or the Trustee, without the Master Servicer’s prior written consent, any information pertaining to the Mortgage Loans or
any borrower thereunder, except to the extent that it is appropriate for the Primary Servicer to do so in working with legal counsel,
auditors, taxing authorities or other governmental agencies or in accordance with this Agreement.

 

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. Accordingly, the parties hereby acknowledge that the Trustee remains the sole and absolute beneficial owner of
the Mortgage Loans and all rights related thereto.

 

    	27

    	 

    

 

Section 6.11     Third
Party Beneficiary.

 

The Trustee, for the
benefit of the Certificateholders, 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 Trustee, the Trust Fund, the Certificate Administrator, any successor Master Servicer, the Special
Servicer or any Certificateholder shall have any duties under this Agreement or any liabilities arising herefrom. The Depositor
and each Certification Party shall be a third party beneficiary under this Agreement solely with respect to the obligations of
the Primary Servicer under Section 3.01(c)(34) of this Agreement and, with respect to the Depositor, Section 4.01
of 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. If the Master Servicer shall for any reason
no longer act in such capacity under the Pooling and Servicing Agreement (including by reason of a Servicer Termination Event),
the Trustee or its designee or any other successor to the Master Servicer may thereupon assume all of the rights and, except to
the extent they arose prior to the date of assumption, obligations of the Master Servicer under this Agreement, subject to the
Primary Servicer’s rights hereunder, including the right to retain accrued and unpaid Primary Servicing Fees.

 

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.

 

    	28

    	 

    

 

Section 6.17     Further
Agreement.

 

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. The Master Servicer shall not consent to any
modification to the Pooling and Servicing Agreement in any manner which would increase the obligations or limit the rights of a
Primary Servicer under the Pooling and Servicing Agreement or under this Agreement without the prior written consent of the Primary
Servicer (which consent shall not be unreasonably withheld).

 

Section 6.19     Exchange
Act Rule 17g-5 Procedures.

 

(a)          Notwithstanding
any provision herein to the contrary but subject to Section 6.19(c) of this Agreement and except as required by law, the
Primary Servicer shall not provide any information directly to, or communicate with, either orally or in writing, any Rating Agency
regarding the Certificates or the Mortgage Loans relevant to the Rating Agency’s surveillance of the Certificates or Mortgage
Loans, including, but not limited to, providing responses to inquiries from the Rating Agency regarding the Certificates or the
Mortgage Loans and requests for a Rating Agency Confirmation. All such information will be provided by, and all such communications,
responses and requests 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 take any action under the Pooling and Servicing Agreement to comply
with Exchange Act Rule 17g-5, the Primary Servicer shall cooperate and provide any information reasonably requested by the Master
Servicer to enable the Master Servicer to comply with such obligations.

 

(b)          The
Primary Servicer hereby expressly agrees to indemnify and hold harmless the Master Servicer and the Depositor and their respective
officers, directors, shareholders, members, managers, employees, agents, Affiliates and controlling persons, and the Trust Fund
(each, an “Indemnified Party”), from and against any and all losses, liabilities, damages, claims, judgments,
costs, fees, penalties, fines, forfeitures or other expenses (including reasonable legal fees and expenses), joint or several,
to which any such Indemnified Party may become subject, under the Securities Act, the Exchange Act or otherwise, pursuant to a
third-party claim, insofar as such losses, liabilities, damages, claims, judgments, costs, fees, penalties, fines, forfeitures
or other expenses (including reasonable legal fees and expenses) arise out of or are based upon (i) the Primary Servicer’s
breach of this Section 6.19 or (ii) a determination by the Rating Agency that it cannot reasonably rely on representations
made by the Depositor or any Affiliate thereof pursuant to Exchange Act Rule 17g-5(a)(3), to the extent caused by any such breach
referred to in clause (i) above by the Primary Servicer, and will reimburse such Indemnified Party for any legal or other expenses
reasonably incurred by such Indemnified Party in connection with investigating or defending any such action or claim, as such expenses
are incurred.

 

    	29

    	 

    

 

(c)          None
of the foregoing restrictions in this Section 6.19 prohibit or restrict oral or written communications, or providing information,
between the Primary Servicer and any Rating Agency with regard to (i) such Rating Agency’s review of the ratings it assigns
to the Primary Servicer, (ii) such Rating Agency’s approval of the Primary Servicer as a commercial mortgage master, special
or primary servicer or (iii) such Rating Agency’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 or the
Mortgage Loans to such Rating Agency in connection with such review and evaluation by such Rating Agency unless (x) borrower, property
or deal specific identifiers are redacted; or (y) the Master Servicer confirms to the Primary Servicer in writing that such information
has already been provided to the Depositor and has been uploaded on to the Depositor’s 17g-5 Website.

 

Section 6.20     Notification
to Primary Servicer Concerning REO Property

 

The Master Servicer
shall notify the Primary Servicer if any Mortgage Loan becomes an REO Mortgage Loan or if a related Mortgage Property becomes REO
Property.

 

[SIGNATURES ON NEXT PAGE]

 

    	30

    	 

    

 

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/ Cynthia L. Schwartz
	 	 	Name: Cynthia L. Schwartz
	 	 	Title:   Director

 

GS
2015-GC34

Berkeley Point Primary Servicing Agreement 

 

    	 

    	 

    

 

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.

	 	 	 
	 	Berkeley Point Capital LLC
	 	 	 
	 	By:	/s/ Nancy Guanci
	 	 	Name:   Nancy Guanci
	 	 	Title:     Vice President

	 		
	 	By:	/s/ Nancy Navarro
	 	 	Name:   Nancy Navarro
	 	 	Title:     Vice President

 

GS
2015-GC34

Berkeley Point Primary Servicing Agreement 

 

    	 

    	 

    

 

 

EXHIBIT
A

 

MORTGAGE
LOAN SCHEDULE

 

	ID	Property
    Name	Balance	Primary
    Servicing Fee
	21	GSP
    MHP Portfolio III	$12,289,443	0.0500%
	 	 	 	 
	22	Deer
    Run MHP	$12,084,702	0.0500%
	 

        32 
	Meadowview
    MHP	$6,641,593	0.0700%

 

    	A-1 

     

    

 

EXHIBIT
B

 

PRIMARY
SERVICER’S OFFICER’S CERTIFICATE

SERIES 2015-GC34

 

I,
[__________], hereby certify that I am the duly elected [______________] of Berkeley Point Capital LLC, a [___________] organized
under the laws of the State of [____________] (the “Primary Servicer”) and further as follows:

 

		1.	Attached
                                         hereto as Exhibit 1 is a true, correct and complete copy of the [certificate
                                         of formation][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 January 1, 2009.

 

		2.	Attached
                                         hereto as Exhibit 2 is a true, correct and complete copy of the [organization
                                         document] 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 January 1,
                                         2009.

 

		3.	Attached
                                         hereto as Exhibit 3 is an original certificate of good standing of the
                                         Primary Servicer, issued on [______] [_], 2015, and no event has occurred since the date
                                         thereof which would impair such standing.

 

		4.	Attached
                                         hereto as Exhibit 4 is a true, correct and complete copy of the corporate
                                         resolutions of the Board of Directors of the Primary Servicer authorizing the Primary
                                         Servicer to execute and deliver the Primary Servicing Agreement, dated as of October
                                         1, 2015 (the “Primary Servicing Agreement”), by and between the Primary Servicer
                                         and Wells Fargo Bank, National Association and such resolutions are in effect on the
                                         date hereof and have been in effect without amendment, waiver, rescission or modification
                                         since August 31, 2011.

 

		5.	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.

 

		6.	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

 

    	B-1 

     

    

 

		 	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.

  

		7.	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.

 

		8.	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.

 

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

 

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

 

	Dated:	 		By	 
	 	 	 	 	Name:
	 	 	 	 	Title:

 

I,
[____________], an [____________________] of Berkeley Point Capital LLC, hereby certify that [______________] is the duly elected,
qualified and acting Senior Vice President of the Primary Servicer and that the signature appearing above is his genuine signature.

 

IN
WITNESS WHEREOF, I have hereunto signed my name.

 

    	B-2 

     

    

 

 

	Dated:	 		By	 
	 	 	 	 	Name:
	 	 	 	 	Title:

 

    	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:Series
2015-GC34

 

Pursuant
to the Servicing Agreement(s) between Wells Fargo Bank, National Association and the above referenced Primary Servicer, we certify
that with respect to the mortgage loans 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.

 

·      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 loan documents.

 

·      On all required insurance policies, the loss payee is in the name of the Trust.

 

·      All UCC Financing Statements have been renewed prior to expiration.

 

·      All reserves are maintained and disbursed in accordance with the loan documents and no expired reserves exist.

 

·      All letters of credit are transferred to the Trust as beneficiary and are properly renewed.

 

·      Lockboxes are being serviced in accordance with loan documents.

 

·      All required loan documents, third party reports and underwriting files are complete and all applicable loan documents
have been properly assigned to the Trust.

 

	EXCEPTIONS: 	 
	 	 
	 	 
	 	 
	 	 

 

		 	 
	Servicing Officer	 	Date

 

    	E-1 

     

    

 

EXHIBIT
F

 

FORM
OF ACCOUNT CERTIFICATION

SERIES 2015-GC34 

	 	 	 
	Securitization:	 
	 	 	 
	Sub 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 2015-GC34

 

Month of________

 

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	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	Sched

Addl

Sub-Sub

Fee	 

     Neg Am/

     Deferred Int

     Amount	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
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
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	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	NET
    REMIT TO MS	             -   	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    	G-1

    	 

    

 

EXHIBIT H

 

FORM OF CERTIFICATE OF INSURANCE

 

Primary Servicer:__________________________________

 

RE: Series 2015-GC34

 

Pursuant to the Primary Servicing Agreement(s) between Wells Fargo Bank, National Association and the above-named
Primary Servicer, we certify with respect to the Mortgage Loans 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 ACCOUNTS CERTIFICATION 

	 	 	 	 
	Servicer:	 	 	 

 

RE:           Series
2015-GC34

 

Pursuant to the Servicing Agreement(s)
between Wells Fargo Bank, National Association and the above named Primary Servicer, I certify with respect to each transaction
serviced by us, as noted above, for Wells Fargo Bank, National Association that as of the last day of the calendar month immediately
preceding the month in which this certificate is dated, all collection accounts and servicing accounts have been properly reconciled
and the reconciliations have been reviewed and approved by Primary Servicer’s management, except as otherwise noted below: 

	 	 
	EXCEPTIONS: 	 
	 

                                                            

	 

                                                            

  

	 	 	 
	Servicing Officer	 	Date

  

    	J-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}]]