Document:

EXHIBIT 10.1

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

                                   PURCHASER,

                    JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

                                     SELLER

                        MORTGAGE LOAN PURCHASE AGREEMENT

                         Dated as of September 21, 2006

                                 $1,342,276,509

                            Fixed Rate Mortgage Loans

                               Series 2006-CIBC16

<PAGE>

            This Mortgage Loan Purchase Agreement (this "Agreement"), dated as
of September 21, 2006, is between J.P. Morgan Chase Commercial Mortgage
Securities Corp., as purchaser (the "Purchaser"), and JPMorgan Chase Bank,
National Association, as seller ("JPMorgan" or the "Seller").

            Capitalized terms used in this Agreement not defined herein shall
have the meanings ascribed to them in the Pooling and Servicing Agreement dated
as of September 21, 2006 (the "Pooling and Servicing Agreement") among the
Purchaser, as depositor (the "Depositor"), Capmark Finance Inc., as master
servicer ("Master Servicer"), Midland Loan Services, Inc., as special servicer
("Special Servicer") and Wells Fargo Bank, N.A., as trustee (in such capacity,
the "Trustee") and as paying agent (in such capacity, the "Paying Agent"),
pursuant to which the Purchaser will sell the Mortgage Loans (as defined herein)
to a trust fund and certificates representing ownership interests in the
Mortgage Loans will be issued by the trust fund. For purposes of this Agreement,
the term "Mortgage Loans" refers to the mortgage loans listed on Exhibit A and
the term "Mortgaged Properties" refers to the properties securing such Mortgage
Loans.

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

            SECTION 1. Sale and Conveyance of Mortgages; Possession of Mortgage
File. Effective as of the Closing Date and upon receipt of the purchase price
set forth in the immediately succeeding paragraph, the Seller does hereby sell,
transfer, assign, set over and convey to the Purchaser, without recourse, all of
its right, title, and interest (subject to certain agreements regarding
servicing as provided in the Pooling and Servicing Agreement, subservicing
agreements permitted thereunder and that certain Servicing Rights Purchase and
Sale Agreement, dated as of September 1, 2006, between the Master Servicer and
the Seller) in and to the Mortgage Loans described in Exhibit A, including all
interest and principal received on or with respect to the Mortgage Loans after
the Cut-off Date (other than payments of principal and interest first due on the
Mortgage Loans on or before the Cut-off Date). Upon the sale of the Mortgage
Loans, the ownership of each related Mortgage Note, the Mortgage and the other
contents of the related Mortgage File will be vested in the Purchaser and
immediately thereafter the Trustee and the ownership of records and documents
with respect to the related Mortgage Loan prepared by or which come into the
possession of the Seller (other than the records and documents described in the
proviso to Section 3(a) hereof) shall immediately vest in the Purchaser and
immediately thereafter the Trustee. The Seller's records will accurately reflect
the sale of each Mortgage Loan to the Purchaser. The Depositor will sell the
Class A-1, Class A-2, Class A-3FL, Class A-3B, Class A-4, Class A-SB, Class
A-1A, Class A-M, Class A-J, Class X-1, Class X-2, Class B, Class C and Class D
Certificates (the "Offered Certificates") to the underwriters specified in the
underwriting agreement dated September 14, 2006 (the "Underwriting Agreement")
between the Depositor and J.P. Morgan Securities Inc. ("JPMSI") for itself and
as representative of CIBC World Markets Corp. ("CIBCWMC") and Wachovia Capital
Markets, LLC (together with JPMSI, and CIBCWMC, the "Underwriters"), and the
Depositor will sell the Class E, Class F, Class G, Class H, Class J, Class K,
Class L, Class M, Class N, Class P and Class NR Certificates (the "Private
Certificates") to JPMSI, as the initial purchaser (together with the
Underwriters, the "Dealers") specified in the certificate purchase agreement,
dated September 14, 2006 (the "Certificate Purchase Agreement"), between the
Depositor and JPMSI.

            The sale and conveyance of the Mortgage Loans is being conducted on
an arms-length basis and upon commercially reasonable terms. As the purchase
price for the Mortgage Loans, the Purchaser shall pay to the Seller or at the
Seller's direction $1,389,172,723 (which amount is inclusive of accrued
interest) in immediately available funds minus the costs set forth in Section 9
hereof. The purchase and sale of the Mortgage Loans shall take place on the
Closing Date.

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

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

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

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

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

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

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

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

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

            (c) if, during such period of time after the first date of the
public offering of the Offered Certificates as in the opinion of counsel for the
Underwriters, a prospectus relating to the Offered Certificates is required by
applicable law to be delivered in connection with sales thereof by an
Underwriter or a dealer, any event shall occur as a result of which it is
necessary to amend or supplement the Prospectus Supplement, including Annex A-1,
A-2, A-3 and B thereto and the Diskette included therewith, with respect to any
information relating to the Mortgage Loans or the Seller, in order to make the
statements therein, in the light of the circumstances when the Prospectus
Supplement is delivered to a purchaser, not misleading, or if it is necessary to
amend or supplement the Prospectus Supplement, including Annex A-1, A-2, A-3 and
B thereto and the Diskette included therewith, with respect to any information
relating to the Mortgage Loans or the Seller, to comply with applicable law, the
Seller shall do all things necessary to assist the Depositor to prepare and
furnish, at the expense of the Seller (to the extent that such amendment or
supplement relates to the Seller, the Mortgage Loans listed on Exhibit A and/or
any information relating to the same, as provided by the Seller), to the
Underwriters such amendments or supplements to the Prospectus Supplement as may
be necessary, so that the statements in the Prospectus Supplement as so amended
or supplemented, including Annex A-1, A-2, A-3 and B thereto and the Diskette
included therewith, with respect to any information relating to the Mortgage
Loans or the Seller, will not, in the light of the circumstances when the
Prospectus is delivered to a purchaser, be misleading or so that the Prospectus
Supplement, including Annex A-1, A-2, A-3 and B thereto and the Diskette
included therewith, with respect to any information relating to the Mortgage
Loans or the Seller, will comply with applicable law. All terms used in this
clause (c) and not otherwise defined herein shall have the meaning set forth in
the Indemnification Agreement, dated as of September 14, 2006 among the
Purchaser, the Seller and the Dealers (the "Indemnification Agreement").

            SECTION 6. Representations and Warranties.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

            If any Breach pertains to a representation or warranty that the
related Mortgage Loan documents or any particular Mortgage Loan document
requires the related Mortgagor to bear the costs and expenses associated with
any particular action or matter under such Mortgage Loan document(s), then
Seller shall not be required to repurchase such Mortgage Loan and the sole
remedy with respect to any Breach of such representation shall be to cure such
Breach within the applicable cure period (as the same may be extended) by
reimbursing the Trust Fund (by wire transfer of immediately available funds) the
reasonable amount of any such costs and expenses incurred by the Master
Servicer, the Special Servicer, the Trustee or the Trust Fund that are the basis
of such Breach and have not been reimbursed by the related Mortgagor; provided,
however, that in the event any such costs and expenses exceed $10,000, the
Seller shall have the option to either repurchase or substitute for the related
Mortgage Loan as provided above or pay such costs and expenses. Except as
provided in the proviso to the immediately preceding sentence, the Seller shall
remit the amount of such costs and expenses and upon its making such remittance,
the Seller shall be deemed to have cured such Breach in all respects. To the
extent any fees or expenses that are the subject of a cure by the Seller are
subsequently obtained from the related Mortgagor, the portion of the cure
payment equal to such fees or expenses obtained from the Mortgagor shall be
returned to the Seller pursuant to Section 2.03(f) of the Pooling and Servicing
Agreement.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

            SECTION 14. Notices. All demands, notices and communications
hereunder shall be in writing and shall be deemed to have been duly given upon
receipt by the intended recipient if personally delivered at or couriered, sent
by facsimile transmission or mailed by first class or registered mail, postage
prepaid, to (i) in the case of the Purchaser, J.P. Morgan Chase Commercial
Mortgage Securities Corp., 270 Park Avenue, New York, New York 10017, Attention:
Dennis Schuh, Vice President, telecopy number (212) 834-6593, (ii) in the case
of the Seller, JPMorgan Chase Bank, National Association, 270 Park Avenue, 10th
Floor, New York, New York 10017, Attention: Dennis Schuh, Vice President,
telecopy number (212) 834-6593 and (iii) in the case of any of the preceding
parties, such other address as may hereafter be furnished to the other party in
writing by such parties.

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

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

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

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

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

                                 * * * * * *

<PAGE>

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

                                       J.P. MORGAN CHASE COMMERCIAL MORTGAGE
                                          SECURITIES CORP.

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

                                       JPMORGAN CHASE BANK, NATIONAL
                                       ASSOCIATION

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

<PAGE>

                                    EXHIBIT A

                             MORTGAGE LOAN SCHEDULE

JPMCC 2006-CIBC16
Mortgage Loan Schedule

<TABLE>
<CAPTION>
Loan #   Mortgagor Name
------   ----------------------------------------------------------------------------------
<S>      <C>
     1   Silicon Valley CA-I, LLC, Silicon Valley CA-II, LLC and Silicon Valley CA-III, LLC
  1.01

  1.02
  1.03

  1.04

  1.05
  1.06
  1.07
  1.08

  1.09
   1.1
  1.11

  1.12
  1.13
  1.14
  1.15
  1.16
  1.17

  1.18
     2   BFPRU I, LLC
  2.01
  2.02
     4   FP Republic 2006, LLC, FP Sequoia 2006, LLC, Okland Republic 2006, LLC,
         Okland Sequoia 2006, LLC, England Sequoia 2006, LLC, RCI Sequoia Maryland LLC
     6   Campus Village IDOT LLC, KR Mableton LLC, Century Plaza Associates, L.P.,
         Vestal Town Square LLC, Plymouth Plaza Associates, L.P., CW Dover LLC,
         CW Parlway Plaza, LLC
  6.01
  6.02
  6.03
  6.04
  6.05
  6.06
  6.07
     9   PCCP DCP Dallas Hotel, LLC
    10   875 East Wisconsin Sponsor, LLC
    11   Centro Richland LLC
    12   Heart of the City LLC
    13   Eastover Plaza Improvements, LLC
    14   Dulles Hotel Limited, L.C.
    15   Hillside Realty Associates, L.P.
    17   Fountain Place Shopping Center, LLC
    21   Colwick Venture LLC
    24   Gables Orchard, LLC & Orchards Apartments, LLC
    26   FR Net Lease Co-Investment Program 6, LLC
    28   Wanamaker Westgate, L.P.
    29   Pacific Castle Santee, L.P. & Meister Global, LLC
    31   Corporate Tower, LLC
    32   E.S. Charlotte Limited Partnership, DJONT/Charlotte Leasing, L.L.C.
    37   E.S. North and DJONT/Indianapolis Leasing, L.L.C.
    38   Lake Marina Realty, LLC
    40   Bayless-South Laguna Ltd.
    42   MAG-INFO (SC) QRS 16-74, Inc.
    44   Robert Pitt Professional Plaza, LLC
    46   NTC, Inc.
    47   First Concord Properties, L.L.C.
    50   Square V Group, LLC
    51   Market Plaza Oklahoma, L.L.C.
    52   Montwood Shopping Center, Ltd.
    54   SC Gainesville Georgia LLC
    58   M&A Texas Regal Ltd.
    59   Standart Woods Holding LLC and Kalba Savua LLC
    62   Wormald Westview Lot B, LLC
    64   Paradise MHC LLC
    66   2003 Natomas Inn & Suites, L.P.
    67   Skyline West, LLC
    68   Pembroke Pointe Phase I LLC
    69   Atruim II, LLC
    70   Lake Camelot Realty LLC
    71   Lodge Realty, LLC
    76   Mia Reed & Company Capital Fund VIII, LTD.
    79   Riverwalk Terrace Apartments, LLC
    80   Wayne Heights Mall, LLC
    83   SJS-3000 Lincoln Dr., L.P.
    84   Medalist Properties 6, LLC
    85   Stone Plaza Associates, LTD.
    89   KCS Admiral Manager, LLC
    90   Mabry Partners Partnership
    91   Daymark - Springtree Meadows, LLC, WAB IOWA 144, LLC
         & Mantsch Altoona, LLC
    92   Austin Creek, LLC
    93   Emporia Marketplace, LLC
    94   Lexington Park Hotel Investors, LLC
    96   Bookwalter Woods LLC
    97   Mansard Du lac LLC
    98   Woodbrook Village, L.L.C.
    99   JGI 9998 Dorchester Road, LLC
   100   Azalea Apartments, L.L.C.
   103   Orland Auto Mall 2004 LLC
   104   SGC Wythe Creek, LLC
   105   JGI Gateway, LLC
   106   Southwest Estates LLC
   107   Long Ball Utica, LLC
   110   NJN, LLC
   111   ACOG, LP
   112   Rockland Homes LLC
   113   Rogers 40 III, LLC
   114   Crescendo Office, LLC
   115   Zidan Realty Investment, L.L.C.
   118   Golden Gate Parkway, LLC & Plaza Arms Limited Partnership
118.01
118.02
   119   Lakeside Manor LLC
   120   Olympia International Office Tower LLC

<CAPTION>
Loan #   Property Address
------   ----------------------------------------------------------------------------------------
<S>      <C>
     1   Various
  1.01   1140 Technology Drive, 500 McCarthy Boulevard, 900 Sumac Drive, 1000 Sumac Drive,
         1101 Sumac Drive, 601 McCarthy Boulevard
  1.02   1101 West Maude Avenue, 700A, 700B, 700C East Middlefield Road
  1.03   1455, 1421, 1371, 1390, 1440 McCarthy Drive, 888, 800, 750, 690 Tasman Drive,
         620, 590, 570, 540, 500 Alder Drive
  1.04   2518, 2520, 2540, 2560 Mission College Boulevard,
         3900, 3910, 3920, 3930, 3940, 3960, 3970, 3990 Freedom Circle
  1.05   3233, 3255 Scott Boulevard, 3333, 3393 Octavius Drive, 2455, 2465, 2475 Augustine Drive
  1.06   3101, 3102, 3103 Scott Boulevard, 3250, 3260, 3270 Jay Street, 3201 Olcott Street
  1.07   191 Baypointe Parkway, 105, 160, 178 East Tasman Drive
  1.08   772, 785 Lucerne Drive, 285 North Wolfe Road, 140 Kiefer Court, 1293 Anvilwood Avenue,
         484 Oakmead Parkway, 1151 Sonora Court, 1277 Reamwood Avenue, 324, 328 Martin Avenue,
         150 Charcot Avenue, 2191 Zanker Road
  1.09   2820 Orchard Parkway, 3, 75 West Plumeria Drive, 2825 North First Street
   1.1   350, 470, 485 Potrero Avenue, 880 W. Maude Avenue, 415 N. Mathilda Avenue, 435 Indio Way
  1.11   333, 345 East Middlefield Road, 301 North Whisman Road, 640 Clyde Court, 835,
         880 Maude Avenue, 1161 San Antonio Road, 2761 Marine Parkway, 636 Ellis Street
  1.12   2400, 2424, 2630, 2710 Walsh Avenue, 2855 Bowers Avenue
  1.13   535, 555 Del Rey Avenue, 650 Alamanor Avenue, 646-686 Maude Avenue, 750 Palomar Avenue
  1.14   500, 501 Macara Avenue
  1.15   1920,1940,1960,1980 Zanker Road
  1.16   2121, 2111, 2101 Tasman Drive
  1.17   550 Del Rey Avenue, 595 North Pastoria Avenue, 639 Pastoria Evenue, 733 Palomar Avenue,
         670 Almanor Avenue
  1.18   5150 Great America Parkway, 2952 Bunker Hill Lane and 5155 Old Ironsides Drive
     2   Various
  2.01   180 North Stetson Avenue
  2.02   130 East Randolph Street
     4   2100, 2110, 2120 S. Washington Boulevard

     6   Various

  6.01   2505 Vestal Parkway East
  6.02   1001 North Dupont Highway
  6.03   1888 West Hillsboro Boulevard
  6.04   5590 Mableton Parkway
  6.05   1869 Dixwell Avenue
  6.06   8147 Baltimore Avenue
  6.07   580 West Germantown Pike
     9   1717 North Akard Street
    10   875 East Wisconsin Avenue
    11   2209 Richland Mall
    12   400 South Pine Street
    13   5221 Indian Head Highway
    14   2200 Centreville Road
    15   600 North Union Avenue
    17   89 Norman Morgan Boulevard
    21   53, 55 & 57 Haddonfield Road
    24   8390 Old Orchard Lane
    26   7630 Gambrills Cove Road
    28   19610 Katy Freeway
    29   214 - 294 Town Center Parkway
    31   101 North Robinson
    32   4800 South Tryon Street
    37   3912 Vincennes Road
    38   9515 Shoreland Lane
    40   1651 Exposition Boulevard
    42   50 Datastream Plaza
    44   23-27 Robert Pitt Drive
    46   20371 Irvine Avenue
    47   455 East Eisenhower Pkwy
    50   7600 West Capitol Drive
    51   7001 Northwest Expressway Street
    52   2200 North Yarbrough Drive
    54   1500 Browns Bridge Road
    58   5800 Preston View Boulevard
    59   2 Schwartz Drive
    62   5283 Corporate Drive
    64   699 Michelle Drive
    66   2730 El Centro Road
    67   6066 Leesburg Pike
    68   101 Pembroke Pointe Lane
    69   1150 Academy Park Loop
    70   6475 Excalibur Court
    71   4816 Alsuda Drive
    76   1535 West Loop South
    79   5900 Kinkead Avenue
    80   1501 East Main Street
    83   3000 Lincoln Drive East
    84   15425 Warwick Boulevard
    85   16600 Dallas Parkway
    89   177-179 Admiral Cochrane Drive
    90   2607 Kingston Pike
    91   112 5th Avenue Northwest

    92   1127 Cape Harbor Court
    93   216 Market Drive
    94   22119 Three Notch Road
    96   23 Sistek Road
    97   7300 East 10th Avenue
    98   1705 Coolidge Road
    99   9998 Dorchester Road
   100   1918 South 9th Street
   103   9264-9280 West 159th Street
   104   475 Wythe Creek Road
   105   2709 Church Street
   106   10401 Southwest Highway
   107   2160 Erie Street
   110   3055 East Fairview Avenue
   111   2601 North Broadway Avenue
   112   203 North Skokie Road
   113   8593 Baltimore National Pike
   114   29800 Middlebelt
   115   4800 North Post Road
   118   Various
118.01   920-1050 62nd Avenue South
118.02   4616 & 4648 Golden Gate Parkway
   119   196 McClung Road
   120   6547 North Avondale

<CAPTION>
Loan #   City                                 State              Zip Code   County
------   --------------------------------   -------   -------------------   -----------------
<S>      <C>                                <C>       <C>                   <C>
     1   Various                                 CA               Various   Various
  1.01   Milpitas                                CA                 95035   Santa Clara

  1.02   Mountain View                           CA                 95054   Santa Clara
  1.03   Milpitas                                CA                 95035   Santa Clara

  1.04   Santa Clara                             CA                 95054   Santa Clara

  1.05   Santa Clara                             CA                 95054   Santa Clara
  1.06   Santa Clara                             CA                 95054   Santa Clara
  1.07   San Jose                                CA                 95134   Santa Clara
  1.08   Sunnyvale, Santa Clara, San Jose        CA   94085, 95054, 95112   Santa Clara

  1.09   San Jose                                CA                 95112   Santa Clara
   1.1   Sunnyvale                               CA                 94085   Santa Clara
  1.11   Mountain View                           CA                 94043   Santa Clara

  1.12   Santa Clara                             CA                 95054   Santa Clara
  1.13   Sunnyvale                               CA                 94085   Santa Clara
  1.14   Sunnyvale                               CA                 94085   Santa Clara
  1.15   San Jose                                CA                 95112   Santa Clara
  1.16   Santa Clara                             CA                 95054   Santa Clara
  1.17   Sunnyvale                               CA                 94085   Santa Clara

  1.18   Santa Clara                             CA                 95054   Santa Clara
     2   Chicago                                 IL                 60601   Cook
  2.01   Chicago                                 IL                 60601   Cook
  2.02   Chicago                                 IL                 60601   Cook
     4   Arlington                               VA                 22204   Arlington

     6   Various                            Various               Various   Various

  6.01   Vestal                                  NY                 13850   Broome
  6.02   Dover                                   DE                 19901   Kent
  6.03   Deerfield Beach                         FL                 33442   Broward
  6.04   Mableton                                GA                 30126   Cobb
  6.05   Hamden                                  CT                 06514   New Haven
  6.06   College Park                            MD                 20740   Prince Georges
  6.07   Plymouth Meeting                        PA                 19462   Montgomery
     9   Dallas                                  TX                 75201   Dallas
    10   Milwaukee                               WI                 53202   Milwaukee
    11   Mansfield                               OH                 44906   Richland
    12   Lansing                                 MI                 48933   Ingham
    13   Oxon Hill                               MD                 20745   Prince Georges
    14   Herndon                                 VA                 20171   Fairfax
    15   Hillside                                NJ                 07205   Union
    17   Logan                                   WV                 25601   Logan
    21   Cherry Hill                             NJ                 08002   Camden
    24   Maineville                              OH                 45039   Hamilton
    26   Curtis Bay                              MD                 21226   Anne Arundel
    28   Houston                                 TX                 77094   Harris
    29   Santee                                  CA                 92071   San Diego
    31   Oklahoma City                           OK                 73102   Oklahoma
    32   Charlotte                               NC                 28217   Mecklenburg
    37   Indianapolis                            IN                 46268   Marion
    38   Indianapolis                            IN                 46229   Marion
    40   Sacramento                              CA                 95815   Sacramento
    42   Greenville                              SC                 29605   Greenville
    44   Monsey                                  NY                 10952   Rockland
    46   Santa Ana                               CA                 92707   Orange
    47   Ann Arbor                               MI                 48108   Washtenaw
    50   Milwaukee                               WI                 53222   Milwaukee
    51   Oklahoma City                           OK                 73132   Oklahoma
    52   El Paso                                 TX                 79925   El Paso
    54   Gainesville                             GA                 30501   Hall
    58   Dallas                                  TX                 75240   Dallas
    59   Auburn                                  NY                 13021   Cayuga
    62   Frederick                               MD                 21703   Frederick
    64   Lynwood                                 IL                 60411   Cook
    66   Sacramento                              CA                 95833   Sacramento
    67   Falls Church                            VA                 22041   Fairfax
    68   Pembroke                                NC                 28372   Robeson
    69   Colorado Springs                        CO                 80910   El Paso
    70   Indianapolis                            IN                 46268   Marion
    71   Indianapolis                            IN                 46205   Marion
    76   Houston                                 TX                 77027   Harris
    79   Fort Smith                              AR                 72903   Sebastian
    80   Waynesboro                              PA                 17268   Franklin
    83   Marlton                                 NJ                 08053   Burlington
    84   Newport News                            VA                 23608   Newport News City
    85   Dallas                                  TX                 75248   Dallas
    89   Annapolis                               MD                 21401   Anne Arundel
    90   Knoxville                               TN                 37919   Knox
    91   Altoona                                 IA                 50009   Polk

    92   Fayetteville                            NC                 28314   Cumberland
    93   Emporia                                 VA                 23847   Greensville
    94   Lexington Park                          MD                 20653   Saint Mary's
    96   Gardner                                 IL                 60424   Grundy
    97   Lake Station                            IN                 46405   Lake
    98   East Lansing                            MI                 48823   Ingham
    99   Summerville                             SC                 29485   Dorchester
   100   Rogers                                  AR                 72758   Benton
   103   Orland Park                             IL                 60462   Cook
   104   Poquoson                                VA                 23662   Poquoson City
   105   Conway                                  SC                 29526   Horry
   106   Worth                                   IL                 60482   Cook
   107   Utica                                   NY                 13502   Oneida
   110   Meridian                                ID                 83642   Ada
   111   Tyler                                   TX                 75702   Smith
   112   Lake Bluff                              IL                 60044   Lake
   113   Ellicott City                           MD                 21043   Howard
   114   Farmington Hills                        MI                 48334   Oakland
   115   Indianapolis                            IN                 46226   Marion
   118   Various                                 FL               Various   Various
118.01   St. Petersburg                          FL                 33705   Pinellas
118.02   Naples                                  FL                 34116   Collier
   119   La Porte                                IN                 46350   La Porte
   120   Chicago                                 IL                 60631   Cook

<CAPTION>
Loan #   Property Name                                          Size   Measure       Interest Rate (%)
------   -------------------------------------------------   -------   -----------   -----------------
<S>      <C>                                                 <C>       <C>           <C>
     1   RREEF Silicon Valley Office Portfolio               5332996   Square Feet             6.14040
  1.01   Quantum Business Park                                775249   Square Feet             6.14040

  1.02   Maude 4-7                                            397510   Square Feet             6.14040
  1.03   Milpitas Business Park                               608968   Square Feet             6.14040

  1.04   Marriot                                              427501   Square Feet             6.14040

  1.05   Park Square Phase I and Phase II                     465155   Square Feet             6.14040
  1.06   Jay 1-6/Olcott                                       371106   Square Feet             6.14040
  1.07   North Pointe Business Park                           330670   Square Feet             6.14040
  1.08   Sunnyvale/Santa Clara/San Jose                       293297   Square Feet             6.14040

  1.09   Orchard Park                                         260561   Square Feet             6.14040
   1.1   Peery Park I                                         252615   Square Feet             6.14040
  1.11   Mountain View Properties                             170769   Square Feet             6.14040

  1.12   Walsh 1-8                                            251061   Square Feet             6.14040
  1.13   Peery Park II                                        202149   Square Feet             6.14040
  1.14   Macara A&B                                            96066   Square Feet             6.14040
  1.15   Zanker/Brokaw                                        120693   Square Feet             6.14040
  1.16   Guadalupe A-C                                        128000   Square Feet             6.14040
  1.17   Peery Park Biotech                                    83336   Square Feet             6.14040

  1.18   Great America Parkway A-C                             98290   Square Feet             6.14040
     2   One & Two Prudential Plazas                         2196342   Square Feet             6.06220
  2.01   Two Prudential Plaza                                 993507   Square Feet             6.06220
  2.02   One Prudential Plaza                                1202835   Square Feet             6.06220
     4   Sequoia Plaza                                        370638   Square Feet             6.16600

     6   Centro Portfolio                                     932912   Square Feet             6.31750

  6.01   Town Square Mall                                     279601   Square Feet             6.31750
  6.02   North Dover Shopping Center                          191855   Square Feet             6.31750
  6.03   Century Plaza                                         90523   Square Feet             6.31750
  6.04   Village at Mableton                                  239474   Square Feet             6.31750
  6.05   Parkway Plaza I                                       76109   Square Feet             6.31750
  6.06   Campus Village                                        25529   Square Feet             6.31750
  6.07   Plymouth Plaza                                        29821   Square Feet             6.31750
     9   Fairmont Hotel Dallas                                   551   Rooms                   6.29500
    10   875 East Wisconsin Avenue                            224924   Square Feet             5.89250
    11   Westfield Richland Mall                              396000   Square Feet             6.09350
    12   Capitol Commons                                      185500   Square Feet             6.27000
    13   Eastover Shopping Center                             265334   Square Feet             6.29850
    14   Crowne Plaza Dulles Airport                             328   Rooms                   6.13250
    15   Parkway Business Center                              743047   Square Feet             6.21650
    17   Fountain Place Shopping Center                       229139   Square Feet             6.02500
    21   Colwick Executive Center                             170950   Square Feet             6.28500
    24   Orchard of Landen                                       312   Units                   6.37400
    26   Fila USA Distribution Facility                       379012   Square Feet             6.10200
    28   Westgate Shopping Center                              80690   Square Feet             6.16000
    29   Santee Town Center                                   103903   Square Feet             6.19250
    31   Corporate Tower                                      273640   Square Feet             6.24300
    32   Embassy Suites - Charlotte                              274   Rooms                   5.81400
    37   Embassy Suites - Indianapolis                           221   Rooms                   5.81400
    38   Lake Marina Apartments                                  348   Units                   6.21000
    40   Nationwide Insurance Building                         68153   Square Feet             6.25000
    42   Infor Global Solutions Office Building               124836   Square Feet             6.53500
    44   23-27 Robert Pitt Drive                               96469   Square Feet             6.20000
    46   Newport Trade Center                                  82151   Square Feet             6.16500
    47   Concord Place                                         91521   Square Feet             6.30850
    50   Times Square Shopping Center                          87392   Square Feet             6.22000
    51   Market Plaza Shopping Center                         150513   Square Feet             6.14750
    52   Montwood Shopping Center                             177336   Square Feet             6.39000
    54   Gainesville Towne Center                             142468   Square Feet             6.25000
    58   Regal Court Apartments                                  231   Units                   6.09200
    59   Standard Woods Apartments                               330   Units                   6.30000
    62   5283 Corporate Drive                                  47947   Square Feet             6.10000
    64   Paradise LLC                                            278   Pads                    6.33000
    66   Fairfield Inn & Suites Sacramento Airport Natomas        93   Rooms                   6.46000
    67   Skyline Leesburg Pike                                 72693   Square Feet             6.16000
    68   Pembroke Pointe                                         252   Beds                    5.93500
    69   Academy Point Atrium II                               90766   Square Feet             6.32500
    70   Lake Camelot Apartments                                 200   Units                   6.21000
    71   The Lodge Apartments                                    166   Units                   6.21000
    76   Page Parkes Building                                  66145   Square Feet             6.17400
    79   Riverwalk Terrace Apartments                            305   Units                   6.18500
    80   Wayne Heights Mall                                   112149   Square Feet             6.11000
    83   3000 Lincoln                                          65056   Square Feet             6.08500
    84   Stoneybrook Shopping Center                           74340   Square Feet             6.45000
    85   Stone Plaza Office Building                           30376   Square Feet             6.23000
    89   177-179 Admiral Cochrane Drive                        36220   Square Feet             6.38000
    90   Tyson Place Office Building                           50008   Square Feet             6.11000
    91   Springtree Meadows Apartments                           144   Units                   5.57000

    92   Austin Creek Apartments                                  84   Units                   6.22000
    93   Emporia Marketplace                                   79070   Square Feet             6.21000
    94   Lexington Park Fairfield Inn                             78   Rooms                   6.39000
    96   Book Walter Woods                                       167   Pads                    6.33000
    97   Mansard du Lac                                          234   Pads                    6.12700
    98   Woodbrook Village                                       138   Units                   6.09000
    99   Walgreens - Summerville, SC                           14560   Square Feet             6.17700
   100   Azalea Trail Apartments                                 127   Units                   6.35000
   103   9264-9280 West 159th Street                           21965   Square Feet             6.84000
   104   Wythe Creek Plaza                                     51064   Square Feet             6.65000
   105   Gateway Plaza Shopping Center                         28150   Square Feet             6.41600
   106   Southwest Estates                                       111   Pads                    6.12700
   107   2160 Erie Street                                      96300   Square Feet             6.72000
   110   Office Value                                          22726   Square Feet             6.29000
   111   Liberty Arms Apartments                                 100   Units                   5.87000
   112   Rockland Mobile Home Park                                65   Pads                    6.31750
   113   Citizens National Bank Building                       14102   Square Feet             6.31000
   114   Crescendo Office                                      15042   Square Feet             6.55600
   115   Fountainview Apartments                                  96   Units                   6.24000
   118   Plaza Arms Apartment Portfolio                           48   Units                   6.31000
118.01   Plaza Arms Apartments                                    40   Units                   6.31000
118.02   Golden Gate Apartments                                    8   Units                   6.31000
   119   Lakeside LLC                                             88   Pads                    6.12700
   120   Olympia LLC                                           11510   Square Feet             6.56750

<CAPTION>
Loan #   Net Mortgage Interest Rate   Original Balance   Cutoff Balance   Term   Rem. Term   Maturity/ARD Date
------   --------------------------   ----------------   --------------   ----   ---------   -----------------
<S>      <C>                          <C>                <C>              <C>    <C>         <C>
     1                      6.11940        250,000,000      250,000,000     84          82            07/09/13
  1.01                                      43,396,071       43,396,071     84          82            07/09/13

  1.02                                      35,081,786       35,081,786     84          82            07/09/13
  1.03                                      21,665,357       21,665,357     84          82            07/09/13

  1.04                                      20,536,786       20,536,786     84          82            07/09/13

  1.05                                      20,515,000       20,515,000     84          82            07/09/13
  1.06                                      16,607,500       16,607,500     84          82            07/09/13
  1.07                                      14,566,786       14,566,786     84          82            07/09/13
  1.08                                      11,462,143       11,462,143     84          82            07/09/13

  1.09                                      10,854,286       10,854,286     84          82            07/09/13
   1.1                                       9,139,286        9,139,286     84          82            07/09/13
  1.11                                       8,596,786        8,596,786     84          82            07/09/13

  1.12                                       8,401,429        8,401,429     84          82            07/09/13
  1.13                                       7,381,071        7,381,071     84          82            07/09/13
  1.14                                       5,036,429        5,036,429     84          82            07/09/13
  1.15                                       4,862,857        4,862,857     84          82            07/09/13
  1.16                                       4,515,357        4,515,357     84          82            07/09/13
  1.17                                       4,255,000        4,255,000     84          82            07/09/13

  1.18                                       3,126,070        3,126,070     84          82            07/09/13
     2                      6.04120        205,000,000      205,000,000    120         117            06/01/16
  2.01                                     106,500,000      106,500,000    120         117            06/01/16
  2.02                                      98,500,000       98,500,000    120         117            06/01/16
     4                      6.13500         92,700,000       92,700,000    120         118            07/01/16

     6                      6.29650         86,000,000       86,000,000    120         118            07/01/16

  6.01                                      29,400,000       29,400,000    120         118            07/01/16
  6.02                                      16,100,000       16,100,000    120         118            07/01/16
  6.03                                      12,300,000       12,300,000    120         118            07/01/16
  6.04                                      10,100,000       10,100,000    120         118            07/01/16
  6.05                                       8,200,000        8,200,000    120         118            07/01/16
  6.06                                       5,100,000        5,100,000    120         118            07/01/16
  6.07                                       4,800,000        4,800,000    120         118            07/01/16
     9                      6.27400         52,640,000       52,640,000     60          59            08/01/11
    10                      5.87150         46,000,000       46,000,000    120         119            08/01/16
    11                      6.07250         37,000,000       37,000,000    120         119            08/01/16
    12                      6.23900         35,000,000       35,000,000    158         158            11/01/19
    13                      6.27750         30,900,000       30,900,000    120         119            08/01/16
    14                      6.09150         30,000,000       30,000,000    120         119            08/01/16
    15                      6.18550         30,000,000       30,000,000    120         118            07/01/16
    17                      6.00400         23,120,000       23,120,000    120         118            07/01/16
    21                      6.24400         17,760,000       17,760,000    120         119            08/01/16
    24                      6.35300         17,200,000       17,200,000     60          57            06/01/11
    26                      6.08100         16,900,000       16,900,000    120         117            06/01/16
    28                      6.08900         16,500,000       16,473,718    120         118            07/01/16
    29                      6.17150         15,450,000       15,450,000    120         118            07/01/16
    31                      6.22200         15,000,000       14,988,349    120         119            08/01/16
    32                      5.79300         15,000,000       14,938,318    120         118            07/01/16
    37                      5.79300         13,000,000       12,946,543    120         118            07/01/16
    38                      6.18900         12,600,000       12,580,198    120         118            07/01/16
    40                      6.22900         11,500,000       11,482,122    120         118            07/01/16
    42                      6.51400         10,850,000       10,810,476    180         177            06/01/21
    44                      6.17900         10,600,000       10,591,672    120         119            08/01/16
    46                      6.14400         10,000,000        9,984,093    120         118            07/01/16
    47                      6.28750          9,875,000        9,859,891    120         118            07/01/16
    50                      6.14900          9,650,000        9,650,000    120         119            08/01/16
    51                      6.07650          9,500,000        9,500,000    120         120            09/01/16
    52                      6.36900          9,330,000        9,330,000    120         120            09/01/16
    54                      6.17900          9,138,000        9,138,000    120         118            07/01/16
    58                      6.03100          8,755,000        8,755,000    120         118            07/01/16
    59                      6.27900          8,700,000        8,700,000    120         119            08/01/16
    62                      6.02900          8,300,000        8,300,000    120         118            07/01/16
    64                      6.25900          8,000,000        8,000,000    120         118            07/01/16
    66                      6.43900          7,500,000        7,500,000    120         119            08/01/16
    67                      6.09900          7,460,000        7,460,000    120         118            07/01/16
    68                      5.91400          7,475,000        7,448,354    120         116            05/01/16
    69                      6.30400          7,000,000        6,989,338    120         118            07/01/16
    70                      6.18900          7,000,000        6,988,999    120         118            07/01/16
    71                      6.18900          6,950,000        6,939,078    120         118            07/01/16
    76                      6.15300          6,160,000        6,160,000    120         120            09/01/16
    79                      6.07400          6,000,000        5,979,871    120         116            05/01/16
    80                      6.02900          5,840,000        5,840,000    120         118            07/01/16
    83                      6.06400          5,520,000        5,520,000    120         118            07/01/16
    84                      6.33900          5,380,000        5,380,000    120         118            07/01/16
    85                      6.15900          5,320,000        5,320,000    120         118            07/01/16
    89                      6.28900          4,760,000        4,760,000    120         118            07/01/16
    90                      6.01900          4,700,000        4,700,000    120         120            09/01/16
    91                      5.49900          4,712,000        4,677,305    120         113            02/01/16

    92                      6.15400          4,600,000        4,592,790    120         118            07/01/16
    93                      6.15900          4,415,000        4,415,000    120         118            07/01/16
    94                      6.30900          4,300,000        4,293,567    120         118            07/01/16
    96                      6.25900          4,150,000        4,150,000    120         118            07/01/16
    97                      6.05600          4,125,000        4,125,000    120         118            07/01/16
    98                      6.01900          3,700,000        3,693,996    120         118            07/01/16
    99                      6.08600          3,675,000        3,675,000    120         120            09/01/16
   100                      6.32900          3,680,000        3,674,433    120         118            07/01/16
   103                      6.81900          3,275,000        3,272,852     60          59            08/01/11
   104                      6.55900          3,250,000        3,245,481    180         178            07/01/21
   105                      6.32500          3,200,000        3,200,000    120         119            08/01/16
   106                      6.05600          3,200,000        3,200,000    120         118            07/01/16
   107                      6.69900          3,090,000        3,085,789    120         118            07/01/16
   110                      6.26900          2,850,000        2,845,617    120         118            07/01/16
   111                      5.79900          2,850,000        2,822,142    120         110            11/01/15
   112                      6.29650          2,800,000        2,800,000    120         119            08/01/16
   113                      6.21900          2,700,000        2,700,000    120         118            07/01/16
   114                      6.53500          2,700,000        2,696,144    120         118            07/01/16
   115                      6.21900          2,500,000        2,498,057    120         119            08/01/16
   118                      6.28900          1,905,000        1,905,000    120         118            07/01/16
118.01                                       1,300,976        1,300,976    120         118            07/01/16
118.02                                         604,024          604,024    120         118            07/01/16
   119                      6.05600          1,425,000        1,425,000    120         118            07/01/16
   120                      6.54650            600,000          599,317    120         119            08/01/16

<CAPTION>
Loan #   Amort. Term   Rem. Amort.   Monthly Debt Service   Servicing Fee Rate   Accrual Type   ARD (Y/N)   ARD Step Up (%)
------   -----------   -----------   --------------------   ------------------   ------------   ---------   ---------------
<S>      <C>           <C>           <C>                    <C>                  <C>            <C>         <C>
     1             0             0              1,297,017                        Actual/360     No
  1.01             0             0                                                              No

  1.02             0             0                                                              No
  1.03             0             0                                                              No

  1.04             0             0                                                              No

  1.05             0             0                                                              No
  1.06             0             0                                                              No
  1.07             0             0                                                              No
  1.08             0             0                                                              No

  1.09             0             0                                                              No
   1.1             0             0                                                              No
  1.11             0             0                                                              No

  1.12             0             0                                                              No
  1.13             0             0                                                              No
  1.14             0             0                                                              No
  1.15             0             0                                                              No
  1.16             0             0                                                              No
  1.17             0             0                                                              No

  1.18             0             0                                                              No
     2             0             0              1,050,010                        Actual/360     No
  2.01             0             0                                                              No
  2.02             0             0                                                              No
     4             0             0                482,939                        Actual/360     No

     6             0             0                459,042                        Actual/360     No

  6.01             0             0                                                              No
  6.02             0             0                                                              No
  6.03             0             0                                                              No
  6.04             0             0                                                              No
  6.05             0             0                                                              No
  6.06             0             0                                                              No
  6.07             0             0                                                              No
     9             0             0                279,976                        Actual/360     No
    10           360           360                272,622                        Actual/360     No
    11             0             0                190,492                        Actual/360     No
    12           360           360                215,956                        Actual/360     No
    13           360           360                191,232                        Actual/360     No
    14           360           360                182,429                        Actual/360     No
    15           360           360                184,062                        Actual/360     No
    17           360           360                138,988                        Actual/360     No
    21           360           360                109,756                        Actual/360     No
    24           360           360                107,294                        Actual/360     No
    26           360           360                102,435                        Actual/360     No
    28           360           358                100,630                        Actual/360     No
    29           360           360                 94,551                        Actual/360     No
    31           360           359                 92,289                        Actual/360     No
    32           240           238                105,861                        Actual/360     No
    37           240           238                 91,746                        Actual/360     No
    38           360           358                 77,253                        Actual/360     No
    40           360           358                 70,808                        Actual/360     No
    42           300           297                 73,497                        Actual/360     No
    44           360           359                 64,922                        Actual/360     No
    46           360           358                 61,020                        Actual/360     No
    47           360           358                 61,178                        Actual/360     No
    50           360           360                 59,229                        Actual/360     No
    51           360           360                 57,861                        Actual/360     No
    52           360           360                 58,299                        Actual/360     No
    54           360           360                 56,264                        Actual/360     No
    58           360           360                 53,010                        Actual/360     No
    59           360           360                 53,851                        Actual/360     No
    62           360           360                 50,298                        Actual/360     No
    64           360           360                 49,674                        Actual/360     No
    66           300           300                 50,453                        Actual/360     No
    67           360           360                 45,497                        Actual/360     No
    68           360           356                 44,505                        Actual/360     No
    69           360           358                 43,442                        Actual/360     No
    70           360           358                 42,918                        Actual/360     No
    71           360           358                 42,612                        Actual/360     No
    76           360           360                 37,624                        Actual/360     No
    79           360           356                 36,690                        Actual/360     No
    80           360           360                 35,428                        Actual/360     No
    83           360           360                 33,397                        Actual/360     No
    84           360           360                 33,829                        Actual/360     No
    85           360           360                 32,687                        Actual/360     No
    89           360           360                 29,712                        Actual/360     No
    90           360           360                 28,512                        Actual/360     No
    91           360           353                 26,962                        Actual/360     No

    92           360           358                 28,233                        Actual/360     No
    93           360           360                 27,069                        Actual/360     No
    94           360           358                 26,869                        Actual/360     No
    96           360           360                 25,769                        Actual/360     No
    97           360           360                 25,069                        Actual/360     No
    98           360           358                 22,398                        Actual/360     No
    99           360           360                 22,453                        Actual/360     No
   100           360           358                 22,898                        Actual/360     No
   103           360           359                 21,438                        Actual/360     No
   104           360           358                 20,864                        Actual/360     No
   105           360           360                 20,050                        Actual/360     No
   106           360           360                 19,448                        Actual/360     No
   107           360           358                 19,980                        Actual/360     No
   110           360           358                 17,622                        Actual/360     No
   111           360           350                 16,850                        Actual/360     No
   112           360           360                 17,363                        Actual/360     No
   113           360           360                 16,730                        Actual/360     No
   114           360           358                 17,165                        Actual/360     No
   115           360           359                 15,377                        Actual/360     No
   118           360           360                 11,804                        Actual/360     No
118.01           360           360                                                              No
118.02           360           360                                                              No
   119           360           360                  8,660                        Actual/360     No
   120           300           299                  4,077                        Actual/360     No

<CAPTION>
Loan #   Title Type          Crossed Loan   Originator/Loan Seller
------   -----------------   ------------   ----------------------
<S>      <C>                 <C>            <C>
     1   Fee                                JPMCB
  1.01   Fee                                JPMCB

  1.02   Fee                                JPMCB
  1.03   Fee                                JPMCB

  1.04   Fee                                JPMCB

  1.05   Fee                                JPMCB
  1.06   Fee                                JPMCB
  1.07   Fee                                JPMCB
  1.08   Fee                                JPMCB

  1.09   Fee                                JPMCB
   1.1   Fee                                JPMCB
  1.11   Fee                                JPMCB

  1.12   Fee                                JPMCB
  1.13   Fee                                JPMCB
  1.14   Fee                                JPMCB
  1.15   Fee                                JPMCB
  1.16   Fee                                JPMCB
  1.17   Fee                                JPMCB

  1.18   Fee                                JPMCB
     2   Fee                                JPMCB
  2.01   Fee                                JPMCB
  2.02   Fee                                JPMCB
     4   Fee                                JPMCB

     6   Fee                                JPMCB

  6.01   Fee                                JPMCB
  6.02   Fee                                JPMCB
  6.03   Fee                                JPMCB
  6.04   Fee                                JPMCB
  6.05   Fee                                JPMCB
  6.06   Fee                                JPMCB
  6.07   Fee                                JPMCB
     9   Fee                                JPMCB
    10   Fee                                JPMCB
    11   Fee                                JPMCB
    12   Fee                                JPMCB
    13   Fee                                JPMCB
    14   Fee and Leasehold                  JPMCB
    15   Fee                                JPMCB
    17   Fee                                JPMCB
    21   Fee                                JPMCB
    24   Fee                                JPMCB
    26   Fee                                JPMCB
    28   Fee                                JPMCB
    29   Fee                                JPMCB
    31   Fee                                JPMCB
    32   Fee and Leasehold                  JPMCB
    37   Fee and Leasehold                  JPMCB
    38   Fee                                JPMCB
    40   Fee                                JPMCB
    42   Fee                                JPMCB
    44   Fee                                JPMCB
    46   Fee                                JPMCB
    47   Fee                                JPMCB
    50   Fee                                JPMCB
    51   Fee                                JPMCB
    52   Fee                                JPMCB
    54   Fee                                JPMCB
    58   Fee                                JPMCB
    59   Fee                                JPMCB
    62   Fee                                JPMCB
    64   Fee                 A              JPMCB
    66   Fee                                JPMCB
    67   Fee                                JPMCB
    68   Fee                                JPMCB
    69   Fee                                JPMCB
    70   Fee                                JPMCB
    71   Fee                                JPMCB
    76   Fee                                JPMCB
    79   Fee                                JPMCB
    80   Fee                                JPMCB
    83   Fee                                JPMCB
    84   Fee                                JPMCB
    85   Fee                                JPMCB
    89   Fee                                JPMCB
    90   Fee                                JPMCB
    91   Fee                                JPMCB

    92   Fee                                JPMCB
    93   Fee                                JPMCB
    94   Fee                                JPMCB
    96   Fee                 B              JPMCB
    97   Fee                 B              JPMCB
    98   Fee                                JPMCB
    99   Fee                                JPMCB
   100   Fee                                JPMCB
   103   Fee                                JPMCB
   104   Fee                                JPMCB
   105   Fee                                JPMCB
   106   Fee                 A              JPMCB
   107   Fee and Leasehold                  JPMCB
   110   Fee                                JPMCB
   111   Fee                                JPMCB
   112   Fee                 A              JPMCB
   113   Fee and Leasehold                  JPMCB
   114   Fee                                JPMCB
   115   Fee                                JPMCB
   118   Fee                                JPMCB
118.01   Fee                                JPMCB
118.02   Fee                                JPMCB
   119   Fee                 B              JPMCB
   120   Fee                 A              JPMCB

<CAPTION>
Loan #   Guarantor                                                          Letter of Credit
------   ----------------------------------------------------------------   ----------------
<S>      <C>                                                                <C>
     1   RREEF America REIT III, Inc.                                       No
  1.01                                                                      No

  1.02                                                                      No
  1.03                                                                      No

  1.04                                                                      No

  1.05                                                                      No
  1.06                                                                      No
  1.07                                                                      No
  1.08                                                                      No

  1.09                                                                      No
   1.1                                                                      No
  1.11                                                                      No

  1.12                                                                      No
  1.13                                                                      No
  1.14                                                                      No
  1.15                                                                      No
  1.16                                                                      No
  1.17                                                                      No

  1.18                                                                      No
     2   BFPRU II, LLC                                                      No
  2.01                                                                      No
  2.02                                                                      No
     4   Clayton F. Foulger, Bryant F. Foulger, Brent K. Pratt              No

     6   Centro Watt America Reit 7, Inc.                                   No

  6.01                                                                      No
  6.02                                                                      No
  6.03                                                                      No
  6.04                                                                      No
  6.05                                                                      No
  6.06                                                                      No
  6.07                                                                      No
     9   PCCP CS Dallas Hotel, LLC                                          No
    10   Stewart M. Wangard                                                 No
    11                                                                      No
    12   Joel I. Ferguson, Sam X. Eyde                                      No
    13   DLC Management Corporation, Delphi Commercial Properties, Inc.     No
    14   The RDR Family LLC                                                 No
    15   Stuart Lichter                                                     No
    17   Tibeir GSA & Investment Trust                                      No
    21   Jerome Bergman                                                     No
    24   Lawrence S. Conner                                                 No
    26                                                                      No
    28   Bruce L. Christenson                                               No
    29   Wayne Cheng, Grant C. Hofmeister, Dahl Hofmeister                  No
    31   Roy T. Oliver & Mark L. Beffort                                    2,400,000.0
    32   Felcor Lodging Limited Partnership, John B. Urbahns                No
    37   FelCor/Indianapolis Hotel, LLC                                     No
    38   Raed I. Qadorh-Zidan and Hani I. Qaddoura Zidan                    No
    40   Douglas B. Bayless                                                 No
    42   Corporate Property Associates 16 - Global Incorporated             No
    44   Israel Grossman, Ephraim Grossman                                  No
    46   Plazamerica, Inc.                                                  No
    47   Kevin Spizizen and Neil Spizizen                                   1,400,000.0
    50   David Church                                                       No
    51   Lawrence Goodman                                                   No
    52   Joseph Kirshenbaum                                                 No
    54   Sterling Centrecorp U.S. Inc.                                      No
    58   Marc Lebowitz, Adam Stein                                          No
    59   Aron Puretz and Marsha Pruzansky                                   No
    62   Robert K. Wormald, Sr.                                             No
    64   Edward C. Zeman                                                    No
    66   David Alan Justice, Eve Bloomberg Justice                          No
    67   Fitzgerald Lewis and Tufail Mirza                                  No
    68   Stephen F. Kenney and Joseph E. Bostic                             No
    69   Edward Warner                                                      500,000.0
    70   Raed I. Qadorh-Zidan and Hani I. Qaddoura Zidan                    No
    71   Raed I. Qadorh-Zidan, Hani I. Qaddoura Zidan                       No
    76   William I. Davis, III, Brent Fredricks                             No
    79   John E. Baxter, Clifton Cabaness, Matthew James, Stephen Bradley   No
    80   Carl Verstandig                                                    No
    83   Stephen Lazovitz                                                   No
    84   William R. Elliott and Thomas E. Messier                           No
    85   Tom F. Stone                                                       No
    89   Sateesh Kumar Singh (Limited)                                      No
    90   Samuel J. Furrow                                                   No
    91   Gary Wehrley,William Bodner and Bryan R. Mantsch                   No

    92   Watson G Caviness and Christopher E. Cates                         No
    93   B. David Peck, Joshua S. Peck                                      No
    94   Henry T. Waring (Limited)                                          No
    96   Edward C. Zeman                                                    No
    97   Edward C. Zeman                                                    No
    98   Iqbal Singh Uppal and Thomas F. Kuschinski                         No
    99   Joseph P. Griffith, SR., Joe Griffith, Inc.                        No
   100   Troy Parnell                                                       No
   103   Joseph H. Ardovitch, James Minick, Dennis L. Madsen                No
   104   Erik S. Cooper                                                     No
   105   Joseph P. Griffith, Sr. and JGI Gateway, LLC                       No
   106   Edward C. Zeman                                                    No
   107   George Hicker and Carl M. Buck, Jr.                                No
   110   David A. Buich and Karen Louise Buich                              No
   111   Roger G. Wolfe                                                     No
   112   Edward C. Zeman                                                    No
   113   Rogers 40, LLC                                                     No
   114   Kevin Spizizen, Neil Spizizen                                      No
   115   Raed I. Qadorh-Zidan, Hani I. Qaddoura Zidan                       No
   118   Ronald L. Glas                                                     No
118.01                                                                      No
118.02                                                                      No
   119   Edward C. Zeman                                                    No
   120   Edward C. Zeman                                                    No

<CAPTION>
                                    UPFRONT ESCROW
         ---------------------------------------------------------------------------------------------
Loan #   Upfront CapEx Reserve   Upfront Eng. Reserve   Upfront Envir. Reserve   Upfront TI/LC Reserve
------   ---------------------   --------------------   ----------------------   ---------------------
<S>      <C>                     <C>                    <C>                      <C>
     1                    0.00                   0.00                     0.00                    0.00
  1.01

  1.02
  1.03

  1.04

  1.05
  1.06
  1.07
  1.08

  1.09
   1.1
  1.11

  1.12
  1.13
  1.14
  1.15
  1.16
  1.17

  1.18
     2                    0.00             903,006.00                     0.00           31,000,000.00
  2.01
  2.02
     4                    0.00                   0.00                     0.00            4,000,000.00

     6                    0.00                   0.00                     0.00                    0.00

  6.01
  6.02
  6.03
  6.04
  6.05
  6.06
  6.07
     9                    0.00                   0.00                     0.00                    0.00
    10                    0.00                   0.00                     0.00                    0.00
    11                    0.00                   0.00                     0.00                    0.00
    12                    0.00                   0.00                     0.00                    0.00
    13                    0.00           1,000,000.00               437,500.00                    0.00
    14                    0.00                   0.00                     0.00                    0.00
    15                    0.00              17,040.00                48,000.00                    0.00
    17                    0.00                   0.00                     0.00                    0.00
    21                    0.00                   0.00                     0.00                    0.00
    24                    0.00                   0.00                     0.00                    0.00
    26                    0.00                   0.00               300,000.00                    0.00
    28                    0.00                   0.00                     0.00                    0.00
    29                    0.00                   0.00                     0.00                    0.00
    31                    0.00                   0.00                     0.00                    0.00
    32                    0.00                   0.00                     0.00                    0.00
    37                    0.00                   0.00                     0.00                    0.00
    38                    0.00               6,250.00                     0.00                    0.00
    40                    0.00                   0.00                     0.00                    0.00
    42                    0.00                   0.00                     0.00                    0.00
    44               97,000.00                   0.00                     0.00                    0.00
    46               22,533.10                   0.00                     0.00              325,000.00
    47                    0.00                   0.00                     0.00                    0.00
    50                    0.00                   0.00                     0.00                    0.00
    51                    0.00               9,375.00                     0.00               90,000.00
    52                    0.00              13,033.00                     0.00                    0.00
    54                    0.00                   0.00                     0.00                    0.00
    58                    0.00                   0.00                     0.00                    0.00
    59                    0.00              12,500.00                     0.00                    0.00
    62                    0.00                   0.00                     0.00                    0.00
    64                    0.00              47,765.00                     0.00                    0.00
    66                    0.00                   0.00                     0.00                    0.00
    67               20,000.00               8,750.00                     0.00              200,000.00
    68                    0.00                   0.00                     0.00                    0.00
    69                    0.00                   0.00                     0.00               55,704.36
    70              282,967.00                   0.00                     0.00                    0.00
    71                    0.00             137,938.00                     0.00                    0.00
    76                    0.00             235,228.00                     0.00              120,000.00
    79                    0.00             191,233.00                     0.00                    0.00
    80                    0.00                   0.00                     0.00                    0.00
    83                    0.00                   0.00                     0.00                    0.00
    84               94,556.00                   0.00                     0.00                    0.00
    85                    0.00                   0.00                     0.00                    0.00
    89                    0.00                   0.00                     0.00                    0.00
    90                    0.00                   0.00                     0.00                    0.00
    91              600,000.00              13,375.00                     0.00                    0.00

    92                    0.00                   0.00                     0.00                    0.00
    93                    0.00                   0.00                     0.00                    0.00
    94                    0.00                   0.00                     0.00                    0.00
    96                    0.00              12,687.50                     0.00                    0.00
    97                    0.00              46,750.00                     0.00                    0.00
    98                    0.00                   0.00                     0.00                    0.00
    99                    0.00                   0.00                     0.00                    0.00
   100                    0.00                   0.00                     0.00                    0.00
   103                    0.00                   0.00                     0.00                    0.00
   104                    0.00                   0.00                     0.00                    0.00
   105                    0.00               7,300.00                     0.00                    0.00
   106                    0.00                   0.00                     0.00                    0.00
   107                    0.00                   0.00                     0.00                    0.00
   110                    0.00                   0.00                     0.00               50,000.00
   111                    0.00                   0.00                     0.00                    0.00
   112                    0.00              23,469.00                     0.00                    0.00
   113                    0.00                   0.00                     0.00                    0.00
   114                    0.00                   0.00                     0.00                    0.00
   115                    0.00              41,875.00                     0.00                    0.00
   118                    0.00                   0.00                     0.00                    0.00
118.01
118.02
   119                    0.00                   0.00                     0.00                    0.00
   120                    0.00              16,250.00                     0.00                    0.00

<CAPTION>
                                                                                         MONTHLY ESCROW
         ---------------------------------------------------------------------       ---------------------
Loan #   Upfront RE Tax Reserve   Upfront Ins. Reserve   Upfront Other Reserve       Monthly Capex Reserve
------   ----------------------   --------------------   ---------------------   -   ---------------------
<S>      <C>                      <C>                    <C>                     <C> <C>
     1                     0.00                   0.00                    0.00                        0.00
  1.01

  1.02
  1.03

  1.04

  1.05
  1.06
  1.07
  1.08

  1.09
   1.1
  1.11

  1.12
  1.13
  1.14
  1.15
  1.16
  1.17

  1.18
     2             7,007,181.38                   0.00            8,307,000.00                        0.00
  2.01
  2.02
     4               296,657.12              41,558.50            1,700,000.00                     4633.00

     6                     0.00                   0.00                    0.00                        0.00

  6.01
  6.02
  6.03
  6.04
  6.05
  6.06
  6.07
     9                     0.00                   0.00                    0.00                        0.00
    10                78,187.17               5,507.17              192,915.00                      937.00
    11                     0.00                   0.00                    0.00                        0.00
    12               112,497.91               6,256.67                    0.00                      943.51
    13                31,078.10                   0.00                    0.00                     2873.17
    14               110,583.27              77,587.08                    0.00                    38523.00
    15               175,000.00              20,578.75                    0.00                     6250.00
    17               168,692.48              13,566.67                    0.00                     1909.50
    21                34,143.43               2,957.33                    0.00                     2849.17
    24                     0.00              19,634.37                    0.00                     5464.08
    26                     0.00                   0.00                    0.00                        0.00
    28               155,947.33               9,953.25                    0.00                      672.42
    29                26,851.88               3,444.00                    0.00                     1065.63
    31               100,427.31              53,992.17                    0.00                     3310.00
    32                     0.00                   0.00                    0.00                        0.00
    37                     0.00                   0.00                    0.00                        0.00
    38                57,562.73              53,564.25                    0.00                     5897.67
    40                     0.00                   0.00                    0.00                        0.00
    42                     0.00                   0.00                    0.00                        0.00
    44               110,092.81              16,390.00                    0.00                     1457.00
    46                21,587.26                   0.00                    0.00                        0.00
    47               228,517.60              20,317.00                    0.00                        0.00
    50               107,989.80               1,712.42                    0.00                     2072.70
    51                42,829.52               3,869.75               28,125.00                      683.33
    52               172,036.63                   0.00                    0.00                     2613.42
    54                28,914.73              11,762.50                    0.00                     1943.75
    58               135,811.13              21,781.67                    0.00                     4812.50
    59                53,821.19              23,700.00                    0.00                     6600.00
    62                 6,375.95               6,455.58                    0.00                        0.00
    64                64,749.73                   0.00                    0.00                      650.69
    66                20,750.16                   0.00                    0.00                     6749.54
    67                13,641.50               2,475.25                    0.00                     1245.00
    68                54,027.97              15,208.50                    0.00                     1274.70
    69                12,466.23                   0.00                    0.00                        0.00
    70                36,898.00              45,119.25                    0.00                     3343.34
    71                22,007.15              28,723.50                    0.00                     2830.14
    76                94,060.83               9,989.12               94,000.00                      200.00
    79                43,750.00              15,620.95                    0.00                     5283.44
    80                 9,796.86               4,778.25                    0.00                     1412.96
    83                 5,785.91               9,994.50                    0.00                     2168.50
    84                17,479.95               4,126.75                    0.00                      929.25
    85                75,124.41                   0.00                    0.00                        0.00
    89                     0.00               1,639.33                    0.00                      794.00
    90                65,552.92               2,466.00                    0.00                      774.60
    91                     0.00               6,301.75                    0.00                     3012.01

    92                47,074.50              11,240.25                    0.00                      895.00
    93                37,359.51               3,170.75                    0.00                     1419.08
    94                14,994.03               5,301.00                    0.00                     5512.00
    96                12,256.10                   0.00                    0.00                      350.69
    97                12,545.36                   0.00                    0.00                      388.89
    98               128,625.81              19,043.75                    0.00                     2389.29
    99                     0.00                   0.00                    0.00                        0.00
   100                29,629.13               7,186.40                    0.00                     2138.00
   103                42,607.17               4,910.83                    0.00                     1029.00
   104                10,061.75               2,958.50                    0.00                      856.61
   105                21,928.48              13,743.75                    0.00                      201.60
   106                26,989.55                   0.00                    0.00                      175.35
   107                     0.00                   0.00                    0.00                        0.00
   110                 4,682.00               2,431.00                    0.00                      287.11
   111                44,226.97               9,425.00                    0.00                     2083.33
   112                   697.64                   0.00                    0.00                      271.00
   113                     0.00                   0.00                    0.00                      179.09
   114                12,163.67               3,775.09                    0.00                        0.00
   115                14,898.82              10,048.50                    0.00                     1571.72
   118                62,160.63              13,505.88                    0.00                     1150.00
118.01
118.02
   119                 3,549.66                   0.00                    0.00                      255.82
   120                22,234.69                   0.00                    0.00                      212.17

<CAPTION>
         ----------------------------------------------------------------------------------------------
Loan #   Monthly Envir. Reserve   Monthly TI/LC Reserve   Monthly RE Tax Reserve   Monthly Ins. Reserve
------   ----------------------   ---------------------   ----------------------   --------------------
<S>      <C>                      <C>                     <C>                      <C>
     1                     0.00                    0.00                     0.00                   0.00
  1.01

  1.02
  1.03

  1.04

  1.05
  1.06
  1.07
  1.08

  1.09
   1.1
  1.11

  1.12
  1.13
  1.14
  1.15
  1.16
  1.17

  1.18
     2                     0.00                    0.00               1557151.42                   0.00
  2.01
  2.02
     4                     0.00                    0.00                 74164.28               13852.83

     6                     0.00                    0.00                     0.00                   0.00

  6.01
  6.02
  6.03
  6.04
  6.05
  6.06
  6.07
     9                     0.00                    0.00                     0.00                   0.00
    10                     0.00                 8333.33                 78187.17                5507.17
    11                     0.00                    0.00                     0.00                   0.00
    12                     0.00                    0.00                 56248.95                3128.33
    13                     0.00                    0.00                 31078.10                   0.00
    14                     0.00                    0.00                 27645.82               15517.42
    15                     0.00                15000.00                 68900.00                4115.75
    17                     0.00                    0.00                 12976.34                3391.67
    21                     0.00                16667.00                 34143.43                1478.67
    24                     0.00                    0.00                 26487.54                3926.87
    26                     0.00                    0.00                     0.00                   0.00
    28                     0.00                 5000.00                 19493.42                1105.92
    29                     0.00                 4329.00                 13425.94                1722.00
    31                     0.00                12500.00                 10042.73                3856.58
    32                     0.00                    0.00                     0.00                   0.00
    37                     0.00                    0.00                     0.00                   0.00
    38                     0.00                    0.00                 19187.58                5951.58
    40                     0.00                    0.00                     0.00                   0.00
    42                     0.00                    0.00                     0.00                   0.00
    44                     0.00                 6250.00                 15727.54                2731.67
    46                     0.00                 7000.00                 10793.62                   0.00
    47                     0.00                    0.00                 22851.76                1847.00
    50                     0.00                 5000.00                 13498.73                1712.42
    51                     0.00                 6271.38                  7138.25                1289.92
    52                     0.00                 7333.33                 19115.18                   0.00
    54                     0.00                    0.00                  3212.75                1960.42
    58                     0.00                    0.00                 19401.59                5445.42
    59                     0.00                    0.00                 26910.60                7900.00
    62                     0.00                 2084.00                  8077.17                 496.58
    64                     0.00                    0.00                 16187.43                   0.00
    66                     0.00                    0.00                 10375.08                   0.00
    67                     0.00                 6083.33                  6820.75                 825.08
    68                     0.00                    0.00                  4911.63                1689.83
    69                     0.00                    0.00                 12466.23                   0.00
    70                     0.00                    0.00                 12299.33                5013.25
    71                     0.00                    0.00                  7335.72                3191.50
    76                     0.00                 5000.00                  9406.08                1664.85
    79                     0.00                    0.00                  5468.75                5206.98
    80                     0.00                    0.00                  9796.86                1592.75
    83                     0.00                 5000.00                  5785.91                1110.50
    84                     0.00                 3333.33                  5826.65                1375.58
    85                     0.00                12500.00                  9390.55                   0.00
    89                     0.00                 4584.00                  4047.27                 409.83
    90                     0.00                 4167.33                  7283.66                 411.00
    91                     0.00                    0.00                 13073.84                2100.58

    92                     0.00                    0.00                  5230.50                1248.92
    93                     0.00                 2083.33                  4151.06                1056.91
    94                     0.00                    0.00                  1874.25                1767.00
    96                     0.00                    0.00                  2505.22                   0.00
    97                     0.00                    0.00                  3136.34                   0.00
    98                     0.00                    0.00                 12862.58                2380.47
    99                     0.00                    0.00                     0.00                   0.00
   100                     0.00                    0.00                  2962.91                2395.47
   103                     0.00                 1281.00                  8521.43                 491.08
   104                     0.00                 2127.67                  3353.92                 986.17
   105                     0.00                 1172.92                  2436.50                1527.08
   106                     0.00                    0.00                  6747.39                   0.00
   107                     0.00                    0.00                     0.00                   0.00
   110                     0.00                 1750.00                  2341.00                 187.00
   111                     0.00                    0.00                  3685.58                3141.67
   112                     0.00                    0.00                   697.64                   0.00
   113                     0.00                    0.00                     0.00                   0.00
   114                     0.00                    0.00                  1216.37                 471.89
   115                     0.00                    0.00                  2979.76                1674.75
   118                     0.00                    0.00                  6906.73                1689.12
118.01
118.02
   119                     0.00                    0.00                  1183.22                   0.00
   120                     0.00                  691.00                  3705.78                   0.00

<CAPTION>
Loan #   Monthly Other Reserve   Grace Period   Lockbox In-place   Property Type          Defeasance Permitted
------   ---------------------   ------------   ----------------   --------------------   --------------------
<S>      <C>                     <C>            <C>                <C>                    <C>
     1                    0.00              0   Yes                Office                 Yes
  1.01                                      0   No                 Office

  1.02                                      0   No                 Office
  1.03                                      0   No                 Office

  1.04                                      0   No                 Office

  1.05                                      0   No                 Office
  1.06                                      0   No                 Office
  1.07                                      0   No                 Office
  1.08                                      0   No                 Office

  1.09                                      0   No                 Office
   1.1                                      0   No                 Office
  1.11                                      0   No                 Office

  1.12                                      0   No                 Office
  1.13                                      0   No                 Office
  1.14                                      0   No                 Office
  1.15                                      0   No                 Office
  1.16                                      0   No                 Office
  1.17                                      0   No                 Office

  1.18                                      0   No                 Office
     2                    0.00             10   Yes                Office                 Yes
  2.01                                     10   No                 Office
  2.02                                     10   No                 Office
     4                    0.00              5   Yes                Office                 Yes

     6                    0.00              7   Yes                Various                Yes

  6.01                                      7   No                 Retail
  6.02                                      7   No                 Retail
  6.03                                      7   No                 Office
  6.04                                      7   No                 Retail
  6.05                                      7   No                 Retail
  6.06                                      7   No                 Retail
  6.07                                      7   No                 Office
     9                    0.00             10   Yes                Hotel                  Yes
    10                    0.00              5   No                 Office                 Yes
    11                    0.00              7   Yes                Retail                 Yes
    12                    0.00              5   No                 Office                 Yes
    13                    0.00              7   No                 Retail                 Yes
    14                    0.00              5   No                 Hotel                  Yes
    15                    0.00              5   No                 Industrial             Yes
    17                    0.00             10   No                 Retail                 Yes
    21                    0.00             10   No                 Office                 Yes
    24                    0.00              7   No                 Multifamily            Yes
    26                    0.00              7   No                 Industrial             Yes
    28                    0.00              7   Yes                Retail                 Yes
    29                    0.00              7   No                 Retail                 Yes
    31                    0.00              7   No                 Office                 Yes
    32                    0.00              0   No                 Hotel                  Yes
    37                    0.00              0   No                 Hotel                  Yes
    38                    0.00              7   No                 Multifamily            Yes
    40                    0.00              7   Yes                Office                 Yes
    42                    0.00             10   Yes                Office                 Yes
    44                    0.00              7   No                 Office                 Yes
    46                    0.00              7   No                 Office                 Yes
    47                    0.00             10   No                 Mixed Use              Yes
    50                    0.00              7   No                 Retail                 Yes
    51                    0.00              7   No                 Retail                 Yes
    52                    0.00              7   No                 Retail                 No
    54                    0.00              7   No                 Retail                 Yes
    58                    0.00             10   No                 Multifamily            Yes
    59                    0.00              7   No                 Multifamily            Yes
    62                    0.00              7   No                 Office                 Yes
    64                    0.00              7   No                 Manufactured Housing   Yes
    66                    0.00             10   Yes                Hotel                  Yes
    67                    0.00              7   No                 Office                 Yes
    68                    0.00             10   No                 Multifamily            Yes
    69                    0.00              7   No                 Office                 Yes
    70                    0.00              7   No                 Multifamily            Yes
    71                    0.00              7   No                 Multifamily            Yes
    76                    0.00              7   No                 Office                 Yes
    79                    0.00              7   No                 Multifamily            Yes
    80                    0.00              7   No                 Retail                 Yes
    83                    0.00              7   No                 Office                 Yes
    84                    0.00              7   Yes                Retail                 Yes
    85                    0.00              7   No                 Office                 Yes
    89                    0.00              7   No                 Office                 Yes
    90                    0.00             10   No                 Office                 Yes
    91                    0.00              7   No                 Multifamily            Yes

    92                    0.00              7   No                 Multifamily            Yes
    93                    0.00              7   No                 Retail                 Yes
    94                    0.00              7   No                 Hotel                  Yes
    96                    0.00              7   No                 Manufactured Housing   Yes
    97                    0.00              7   No                 Manufactured Housing   Yes
    98                    0.00              7   No                 Multifamily            Yes
    99                    0.00              7   Yes                Retail                 Yes
   100                    0.00              7   No                 Multifamily            Yes
   103                    0.00              7   No                 Retail                 Yes
   104                    0.00              7   No                 Retail                 Yes
   105                    0.00              7   No                 Retail                 Yes
   106                    0.00              7   No                 Manufactured Housing   Yes
   107                    0.00              7   Yes                Industrial             Yes
   110                    0.00              7   No                 Retail                 Yes
   111                    0.00              7   No                 Multifamily            No
   112                    0.00              7   No                 Manufactured Housing   Yes
   113                    0.00              7   Yes                Office                 Yes
   114                    0.00             10   No                 Office                 Yes
   115                    0.00              7   No                 Multifamily            Yes
   118                    0.00              7   No                 Multifamily            Yes
118.01                                      7   No                 Multifamily
118.02                                      7   No                 Multifamily
   119                    0.00              7   No                 Manufactured Housing   Yes
   120                    0.00              7   No                 Office                 Yes

<CAPTION>
Loan #   Interest Accrual Period   Loan Group   Final Maturity Date   Remaining Amortization Term for Balloon Loans
------   -----------------------   ----------   -------------------   ---------------------------------------------
<S>      <C>                       <C>          <C>                   <C>
     1   Actual/360                         1
  1.01                                      1

  1.02                                      1
  1.03                                      1

  1.04                                      1

  1.05                                      1
  1.06                                      1
  1.07                                      1
  1.08                                      1

  1.09                                      1
   1.1                                      1
  1.11                                      1

  1.12                                      1
  1.13                                      1
  1.14                                      1
  1.15                                      1
  1.16                                      1
  1.17                                      1

  1.18                                      1
     2   Actual/360                         1
  2.01                                      1
  2.02                                      1
     4   Actual/360                         1

     6   Actual/360                         1

  6.01                                      1
  6.02                                      1
  6.03                                      1
  6.04                                      1
  6.05                                      1
  6.06                                      1
  6.07                                      1
     9   Actual/360                         1
    10   Actual/360                         1                                                                   360
    11   Actual/360                         1
    12   Actual/360                         1                                                                   360
    13   Actual/360                         1                                                                   360
    14   Actual/360                         1                                                                   360
    15   Actual/360                         1                                                                   360
    17   Actual/360                         1                                                                   360
    21   Actual/360                         1                                                                   360
    24   Actual/360                         2                                                                   360
    26   Actual/360                         1                                                                   360
    28   Actual/360                         1                                                                   360
    29   Actual/360                         1                                                                   360
    31   Actual/360                         1                                                                   360
    32   Actual/360                         1                                                                   240
    37   Actual/360                         1                                                                   240
    38   Actual/360                         2                                                                   360
    40   Actual/360                         1                                                                   360
    42   Actual/360                         1                                                                   300
    44   Actual/360                         1                                                                   360
    46   Actual/360                         1                                                                   360
    47   Actual/360                         1                                                                   360
    50   Actual/360                         1                                                                   360
    51   Actual/360                         1                                                                   360
    52   Actual/360                         1                                                                   360
    54   Actual/360                         1                                                                   360
    58   Actual/360                         2                                                                   360
    59   Actual/360                         2                                                                   360
    62   Actual/360                         1                                                                   360
    64   Actual/360                         1                                                                   360
    66   Actual/360                         1                                                                   300
    67   Actual/360                         1                                                                   360
    68   Actual/360                         2                                                                   360
    69   Actual/360                         1                                                                   360
    70   Actual/360                         2                                                                   360
    71   Actual/360                         2                                                                   360
    76   Actual/360                         1                                                                   360
    79   Actual/360                         2                                                                   360
    80   Actual/360                         1                                                                   360
    83   Actual/360                         1                                                                   360
    84   Actual/360                         1                                                                   360
    85   Actual/360                         1                                                                   360
    89   Actual/360                         1                                                                   360
    90   Actual/360                         1                                                                   360
    91   Actual/360                         2                                                                   360

    92   Actual/360                         2                                                                   360
    93   Actual/360                         1                                                                   360
    94   Actual/360                         1                                                                   360
    96   Actual/360                         2                                                                   360
    97   Actual/360                         2                                                                   360
    98   Actual/360                         2                                                                   360
    99   Actual/360                         1                                                                   360
   100   Actual/360                         2                                                                   360
   103   Actual/360                         1                                                                   360
   104   Actual/360                         1                                                                   360
   105   Actual/360                         1                                                                   360
   106   Actual/360                         1                                                                   360
   107   Actual/360                         1                                                                   360
   110   Actual/360                         1                                                                   360
   111   Actual/360                         2                                                                   360
   112   Actual/360                         1                                                                   360
   113   Actual/360                         1                                                                   360
   114   Actual/360                         1                                                                   360
   115   Actual/360                         2                                                                   360
   118   Actual/360                         2                                                                   360
118.01                                      2                                                                   360
118.02                                      2                                                                   360
   119   Actual/360                         1                                                                   360
   120   Actual/360                         1                                                                   300
</TABLE>

<PAGE>

                                    EXHIBIT B

                  REPRESENTATIONS AND WARRANTIES OF THE SELLER

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

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

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

            (4) At the time of the assignment of the Mortgage Loans to the
Purchaser, the Seller had good and marketable title to and was the sole owner
and holder of, each Mortgage Loan, free and clear of any pledge, lien,
encumbrance or security interest (subject to certain agreements regarding
servicing as provided in the Pooling and Servicing Agreement, subservicing
agreements permitted thereunder and that certain Servicing Rights Purchase and
Sale Agreement, dated as of September 1, 2006, between Master Servicer and
Seller) and such assignment validly and effectively transfers and conveys all
legal and beneficial ownership of the Mortgage Loans to the Purchaser free and
clear of any pledge, lien, encumbrance or security interest (subject to certain
agreements regarding servicing as provided in the Pooling and Servicing
Agreement, subservicing agreements permitted thereunder and that certain
Servicing Rights Purchase and Sale Agreement, dated as of September 1, 2006,
between Master Servicer and Seller).

            (5) In respect of each Mortgage Loan, (A) in reliance on public
documents or certified copies of the incorporation or partnership or other
entity documents, as applicable, delivered in connection with the origination of
such Mortgage Loan, the related Mortgagor is an entity organized under the laws
of a state of the United States of America, the District of Columbia or the
Commonwealth of Puerto Rico and (B) the related Mortgagor is not a debtor in any
bankruptcy, receivership, conservatorship, reorganization, insolvency,
moratorium or similar proceeding.

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

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

            (8) The Seller has received an American Land Title Association
(ALTA) lender's title insurance policy or a comparable form of lender's title
insurance policy (or escrow instructions binding on the Title Insurer (as
defined below) and irrevocably obligating the Title Insurer to issue such title
insurance policy or a title policy commitment or pro-forma "marked up" at the
closing of the related Mortgage Loan and countersigned by the Title Insurer or
its authorized agent) as adopted in the applicable jurisdiction (the "Title
Insurance Policy"), which was issued by a nationally recognized title insurance
company (the "Title Insurer") qualified to do business in the jurisdiction where
the applicable Mortgaged Property is located (unless such jurisdiction is the
State of Iowa), covering the portion of each Mortgaged Property comprised of
real estate and insuring that the related Mortgage is a valid first lien in the
original principal amount of the related Mortgage Loan on the Mortgagor's fee
simple interest (or, if applicable, leasehold interest) in such Mortgaged
Property comprised of real estate, subject only to Permitted Encumbrances. Such
Title Insurance Policy was issued in connection with the origination of the
related Mortgage Loan. No claims have been made under such Title Insurance
Policy. Such Title Insurance Policy is in full force and effect and all premiums
thereon have been paid and will provide that the insured includes the owner of
the Mortgage Loan and its successors and/or assigns. No holder of the related
Mortgage has done, by act or omission, anything that would, and the Seller has
no actual knowledge of any other circumstance that would, impair the coverage
under such Title Insurance Policy. Such Title Insurance Policy contains no
exception regarding the encroachment upon any material easements of any material
permanent improvements located at the related Mortgaged Property for which the
grantee of such easement has the ability to force removal of such improvement,
or such Title Insurance Policy affirmatively insures (unless the related
Mortgaged Property is located in a jurisdiction where such affirmative insurance
is not available) against losses caused by forced removal of any material
permanent improvements on the related Mortgaged Property that encroach upon any
material easements.

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

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

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

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

                  (d) The terms of the Mortgage Loans or the related Mortgage
            Loan documents, have not been altered, impaired, modified or waived
            in any material respect, except prior to the Cut-off Date by written
            instrument duly submitted for recordation, to the extent required,
            and as specifically set forth in the related Mortgage File and no
            such alterations, impairments, modifications, or waivers have been
            completed or consented to since August 1, 2006.

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

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

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

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

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

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

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

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

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

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

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

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

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

            (b) As of the origination date of such Mortgage Loan and to the
      Seller's actual knowledge, as of the Closing Date, there are no
      proceedings pending or, to the Seller's actual knowledge, threatened, for
      the partial or total condemnation of the relevant Mortgaged Property;
      provided, that solely for purposes of this Representation 19(b), the
      Seller's knowledge shall include the knowledge of any servicer that has
      serviced the Mortgage Loan on behalf of the Seller. The "knowledge" of any
      such Seller as it relates to the knowledge of any servicer shall be deemed
      to be knowledge derived from the servicer by the Seller based on a
      specific inquiry regarding condemnation of the relevant Mortgaged
      Property.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

            (22) As of the date of origination of the related Mortgage Loan,
and, as of the Closing Date, the Mortgaged Property is covered by insurance
policies providing the coverage described below and the Mortgage Loan documents
permit the mortgagee to require the coverage described below. All premiums with
respect to the Insurance Policies insuring each Mortgaged Property have been
paid in a timely manner or escrowed to the extent required by the Mortgage Loan
documents, and the Seller has not received any notice of cancellation or
termination. The relevant Servicing File contains the Insurance Policy required
for such Mortgage Loan or a certificate of insurance for such Insurance Policy.
Each Mortgage requires that the related Mortgaged Property and all improvements
thereon are covered by Insurance Policies or providing coverage for losses
(subject to customary deductibles) sustained by (A) fire and extended perils
included within the classification "All Risk of Physical Loss" in an amount
sufficient to prevent the Mortgagor from being deemed a co-insurer and to
provide coverage in an amount equal to the lesser of the full replacement cost
of such Mortgaged Property (in some cases exclusive of excavations, underground
utilities, foundations and footings) and the outstanding principal balance of
the related Mortgage Loan with an appropriate endorsement to avoid application
of any coinsurance provision; such policies contain a standard mortgage clause
naming mortgagee and its successor in interest as additional insureds or loss
payee, as applicable; (B) business interruption or rental loss insurance in an
amount at least equal to (a) 12 months of operations or (b) in some cases all
rents and other amounts customarily insured under this type of insurance of the
Mortgaged Property; (C) flood insurance (if any portion of the improvements on
the Mortgaged Property is located in an area identified by the Federal Emergency
Management Agency ("FEMA"), with respect to certain Mortgage Loans and the
Secretary of Housing and Urban Development with respect to other Mortgage Loans,
as having special flood hazards) in an amount not to exceed amounts prescribed
by FEMA; (D) workers' compensation, if required by law; (E) comprehensive
general liability insurance in an amount consistent with the standard utilized
by the Seller with respect to loans it holds for its own account, but not less
than $1 million; all such Insurance Policies contain clauses providing they are
not terminable and may not be terminated, without thirty (30) days prior written
notice to the mortgagee (except where applicable law requires a shorter period
or except for nonpayment of premiums, in which case not less than ten (10) days
prior written notice to the mortgagee is required). In addition, each Mortgage
permits the related mortgagee to make premium payments to prevent the
cancellation thereof and shall entitle such mortgagee to reimbursement therefor.
Any insurance proceeds in respect of a casualty loss or taking will be applied
either to the repair or restoration of all or part of the related Mortgaged
Property or the payment of the outstanding principal balance of the related
Mortgage Loan together with any accrued interest thereon. 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, such
Mortgaged Property is insured by windstorm insurance in an amount at least equal
to the lesser of (i) the outstanding principal balance of such Mortgage Loan and
(ii) 100% of the full insurable value, or 100% of the replacement cost, of the
improvements located on the related Mortgaged Property. The related Mortgaged
Property is insured by an Insurance Policy, issued by an insurer meeting the
requirements of such Mortgage Loan and having a claims-paying or financial
strength rating of at least "A-:VIII" from A.M. Best Company or "A-" (or the
equivalent) from Standard & Poor's Ratings Services, a division of The
McGraw-Hill Companies, Inc., Fitch, Inc. or Moody's Investors Service, Inc. An
architectural or engineering consultant has performed an analysis of each of the
Mortgaged Properties located in seismic zones 3 or 4 in order to evaluate the
structural and seismic condition of such property, for the sole purpose of
assessing the probable maximum loss ("PML") for the Mortgaged Property in the
event of an earthquake. In such instance, the PML was based on a 450 or 475 year
return period, an exposure period of 50 years and a 10% probability of
exceedence. If the resulting report concluded that the PML would exceed 20% of
the amount of the replacement costs of the improvements, earthquake insurance on
such Mortgaged Property was obtained by an insurer rated at least "A-:VIII" by
A.M. Best Company or "A-" (or the equivalent) from Standard & Poor's Ratings
Services, a division of The McGraw-Hill Companies, Inc., Fitch, Inc. or Moody's
Investors Service, Inc. To the Seller's actual knowledge, the insurer issuing
each of the foregoing insurance policies is qualified to write insurance in the
jurisdiction where the related Mortgaged Property is located.

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

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

            (25) The origination (or acquisition, as the case may be), servicing
and collection practices used by the Seller or, to the knowledge of the Seller,
any predecessor or prior servicer with respect to the Mortgage Loan, have been
in all material respects legal and have met customary industry standards.

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

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

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

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

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

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

            (32) The Mortgage Loans contain a "due on sale" clause, which
provides for the acceleration of the payment of the unpaid principal balance of
the Mortgage Loan if, without the prior written consent of the holder of the
Mortgage Loan, the property subject to the Mortgage, or any controlling interest
therein, is directly or indirectly transferred or sold (except that it may
provide for transfers by devise, descent or operation of law upon the death of a
member, manager, general partner or shareholder of a mortgagor and that it may
provide for assignments subject to the Mortgage Loan holder's approval of
transferee, transfers to affiliates, transfers to family members for estate
planning purposes, transfers among existing members, partners or shareholders in
Mortgagor or transfers of passive interests so long as the key principals or
general partner retains control). The Mortgage Loan documents contain a "due on
encumbrance" clause, which provides for the acceleration of the payment of the
unpaid principal balance of the Mortgage Loan if the property subject to the
Mortgage or any controlling interest in the Mortgagor is further pledged or
encumbered, unless the prior written consent of the holder of the Mortgage Loan
is obtained (except that it may provide for assignments subject to the Mortgage
Loan holder's approval of transferee, transfers to affiliates or transfers of
passive interests so long as the key principals or general partner retains
control). The Mortgage Loan documents require the Mortgagor to pay all
reasonable fees and expenses of the holder of the Mortgage associated with
assumptions or transfers of interest in connection with any repayment of the
Mortgage Loan on the related Mortgaged Property. As of the Closing Date, the
Seller holds no preferred equity interest in any Mortgagor and the Seller holds
no mezzanine debt related to such Mortgaged Property.

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

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

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

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

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

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

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

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

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

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

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

Defined Terms:

            The term "Allocated Loan Amount" shall mean, for each Mortgaged
Property, the portion of principal of the related Mortgage Loan allocated to
such Mortgaged Property for certain purposes (including determining the release
prices of properties, if permitted) under such Mortgage Loan as set forth in the
related loan documents. There can be no assurance, and it is unlikely, that the
Allocated Loan Amounts represent the current values of individual Mortgaged
Properties, the price at which an individual Mortgaged Property could be sold in
the future to a willing buyer or the replacement cost of the Mortgaged
Properties.

            The term "Anticipated Repayment Date" shall mean the date on which
all or substantially all of any Excess Cash Flow is required to be applied
toward prepayment of the related Mortgage Loan and on which any such Mortgage
Loan begins accruing Excess Interest.

            The term "ARD Loan" shall have the meaning assigned thereto in the
Pooling and Servicing Agreement.

            The term "Environmental Site Assessment" shall mean (x) a Phase I
environmental report meeting the requirements of the American Society for
Testing and Materials and being generally consistent with assessments of
environmental hazards undertaken by the Seller for similar properties, as of the
date of such assessment, and (y) if in accordance with customary industry
standards a reasonable lender would require it, a Phase II environmental report,
each report in clauses (x) and (y) prepared by an independent licensed third
party professional experienced in environmental matters.

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

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

            The term "in reliance on" shall mean that:

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

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

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

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

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

            The term "Permitted Encumbrances" shall mean:

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

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

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

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

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

            Other. For purposes of these representations and warranties, the
term "to the Seller's knowledge" shall mean that no officer, employee or agent
of the Seller responsible for the underwriting, origination or sale of the
Mortgage Loans or of any servicer responsible for servicing the Mortgage Loan on
behalf of the Seller, believes that a given representation or warranty is not
true or inaccurate based upon the Seller's reasonable inquiry and during the
course of such inquiry, no such officer, employee or agent of the Seller has
obtained any actual knowledge of any facts or circumstances that would cause
such person to believe that such representation or warranty was inaccurate.
Furthermore, all information contained in documents which are part of or
required to be part of a Mortgage File shall be deemed to be within the Seller's
knowledge. For purposes of these representations and warranties, the term "to
the Seller's actual knowledge" shall mean that a director, officer, employee or
agent of the Seller responsible for the underwriting, origination and sale of
the Mortgage Loans does not actually know of any facts or circumstances that
would cause such person to believe that such representation or warranty was
inaccurate.

<PAGE>

                                   SCHEDULE I

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

None.

<PAGE>

                                 SCHEDULE II

                         MORTGAGED PROPERTY FOR WHICH
                           ENVIRONMENTAL INSURANCE

1. RREEF Silicon Valley Office Portfolio (all properties)

2. Centro Portfolio (Campus Village and Century Plaza properties)

3. FILA USA Distribution Facility

<PAGE>

<TABLE>
<CAPTION>
                                                               EXHIBIT C

                                                          JPMCC 2006 - CIBC16
                                                     Exceptions to Representations

Representation #(4)
-------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------
<S>      <C>                                                <C>
         2           One & Two Prudential Plazas            The Mortgaged Property secures the Mortgage Loan and another note, which
                                                            is pari passu with the Mortgage Note which evidences the Mortgage Loan,
                                                            but such other note is not included in the trust fund and has been
                                                            previously sold by the Seller. The purchaser of such note has an
                                                            interest in the Mortgage File related to such Mortgage Loan.

         111         Liberty Arms Apartments                The Mortgaged Property secures the Mortgage Loan and a B-Note held by
                                                            CBA Mezzanine Capital Finance, LLC.

         44          23-27 Robert Pitt Drive                The Mortgaged Property secures the Mortgage Loan and a B-Note held by
                                                            CBA Mezzanine Capital Finance, LLC.

         59          Standard Woods Apartments              The Mortgaged Property secures the Mortgage Loan and a B-Note held by
                                                            CBA Mezzanine Capital Finance, LLC.

         1           RREEF Silicon Valley Office            The Mortgaged Property secures the Mortgage Loan (consisting of a Fixed
                     Portfolio                              Rate A-1 Note), a Fixed Rate A-2 Note (which is pari passu with the
                                                            Mortgage Loan and is not included in the trust fund) and a Floating Rate
                                                            A Note and Floating Rate B Note (which are pari passu with the Mortgage
                                                            Loan and Fixed Rate A-2 Note and are not included in the trust fund).

Representation #(6)
-------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         2           One & Two Prudential Plazas            The Mortgaged Property secures the Mortgage Loan and another note, which
                                                            is pari passu with the Mortgage Note which evidences the Mortgage Loan,
                                                            but such other note is not included in the trust fund.

         89          177-179 Admiral Cochrane Drive         The Mortgaged Loan is structured as an indemnity deed of trust ("IDOT"),
                                                            under which the Mortgage Note is secured by an indemnity guaranty, which
                                                            indemnity guaranty is secured by the fee interest in the Mortgaged
                                                            Property. The guarantor of the Mortgage Note owns the Mortgaged Property
                                                            and thus has an interest in the lease payments.

         94          Lexington Park Fairfield Inn           The Mortgaged Loan is structured as an IDOT, under which the Mortgage
                                                            Note is secured by an indemnity guaranty, which indemnity guaranty is
                                                            secured by the fee interest in the Mortgaged Property. The guarantor of
                                                            the Mortgage Note owns the Mortgaged Property and thus has an interest
                                                            in the lease payments.

         113         Citizens National Bank Building        The Mortgaged Loan is structured as an IDOT, under which the Mortgage
                                                            Note is secured by an indemnity guaranty, which indemnity guaranty is
                                                            secured by the fee interest in the Mortgaged Property. The guarantor of
                                                            the Mortgage Note owns the Mortgaged Property and thus has an interest
                                                            in the lease payments.

         62          5283 Corporate Drive                   The Mortgaged Loan is structured as an IDOT, under which the Mortgage
                                                            Note is secured by an indemnity guaranty, which indemnity guaranty is
                                                            secured by the fee interest in the Mortgaged Property. The guarantor of
                                                            the Mortgage Note owns the Mortgaged Property and thus has an interest
                                                            in the lease payments.

         6           Centro Portfolio                       A portion of the Mortgaged Loan is structured as an IDOT, under which
                                                            the Mortgage Note is secured by an indemnity guaranty, which indemnity
                                                            guaranty is secured by the fee interest in the Mortgaged Property. A
                                                            guarantor of the Mortgage Note owns one of the Mortgaged Properties and
                                                            thus has an interest in the lease payments.

         1           RREEF Silicon Valley Office            The Mortgaged Property secures the Mortgage Loan (consisting of a Fixed
                     Portfolio                              Rate A-1 Note), a Fixed Rate A-2 Note (which is pari passu with the
                                                            Mortgage Loan and is not included in the trust fund) and a Floating Rate
                                                            A Note and Floating Rate B Note (which are pari passu with the Mortgage
                                                            Loan and Fixed Rate A-2 Note and are not included in the trust fund).

         46          Newport Trade Center                   The mortgagee subordinated the deed of trust to a temporary construction
                                                            easement (12 months) granted to the County of Orange.

Representation #(7)
-------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         89          177-179 Admiral Cochrane Drive         Because the Mortgage Loan is structured for tax purposes as an IDOT, the
                                                            guarantor of the Mortgage Note is the owner of the related Mortgaged
                                                            Property instead of the related Mortgagor.

         94          Lexington Park Fairfield Inn           Because the Mortgage Loan is structured for tax purposes as an IDOT, the
                                                            guarantor of the Mortgage Note is the owner of the related Mortgaged
                                                            Property instead of the related Mortgagor.

         113         Citizens National Bank Building        Because the Mortgage Loan is structured for tax purposes as an IDOT, the
                                                            guarantor of the Mortgage Note is the owner of the related Mortgaged
                                                            Property instead of the related Mortgagor.

         62          5283 Corporate Drive                   Because the Mortgage Loan is structured for tax purposes as an IDOT, the
                                                            guarantor of the Mortgage Note is the owner of the related Mortgaged
                                                            Property instead of the related Mortgagor.

         6           Centro Portfolio                       Because a portion of the Mortgage Loan is structured for tax purposes as
                                                            an IDOT, a guarantor of the Mortgage Note is the owner of one of the
                                                            related Mortgaged Properties instead of the related Mortgagor.

Representation #(10a)
---------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         10          875 East Wisconsin                     The applicable non-recourse carveout for waste is limited to the extent
                                                            cash flow from the Mortgaged Property is sufficient to prevent the
                                                            waste.

         69          Academy Point Atrium II                The Mortgage Loan was made in connection with a Section 1031 reverse tax
                                                            deferred exchange. So long as the exchange intermediary is the sole
                                                            member of the Mortgagor, the non-recourse carveouts are limited solely
                                                            to "the misapplication or misappropriation of insurance proceeds or
                                                            condemnation awards." This limitation does not apply to any guarantor of
                                                            the Mortgage Loan.

                                                            The applicable non-recourse carveout concerning fraud or material
                                                            misrepresentation is limited to affiliates, agents or employees under
                                                            the control of the Mortgagor or guarantor.

         2           One & Two Prudential Plazas            The liability of one of the guarantors is limited to $25,000,000.

                                                            The applicable non-recourse carveouts are limited to (i) "intentional
                                                            material misrepresentation" (instead of "material misrepresentation");
                                                            (ii) "misapplication or misappropriation of rents after an event of
                                                            default" (instead of "misapplication or misappropriation of rents"); and
                                                            (iii) "actual intentional waste" (instead of "actual waste").

         26          FILA USA Distribution Facility         There is no individual or entity other than the Mortgagor who is liable
                                                            for the non-recourse carveouts.

                                                            The non-recourse carveout for material misrepresentation has been
                                                            limited to "intentional material misrepresentation" (instead of
                                                            "material misrepresentation"). The non-recourse carveouts for fraud,
                                                            willful misconduct or intentional material misrepresentations are
                                                            limited to mortgagee's actual losses.

                                                            The environmental indemnity contains a 5 year sunset provision.

         68          Pembroke Pointe                        The applicable non-recourse carveouts are limited to "misapplication or
                                                            misappropriation of rents during the continuance of an event of default"
                                                            (instead of "misapplication or misappropriation of rents") and
                                                            "misapplication or misappropriation of insurance proceeds or
                                                            condemnation awards during the continuance of an event of default"
                                                            (instead of "misapplication or misappropriation of insurance proceeds or
                                                            condemnation awards").

                                                            Additionally, the applicable non-recourse carveouts are limited to (i)
                                                            "intentional material misrepresentation" (instead of "material
                                                            misrepresentation"), (ii) "intentional material actual waste" (instead
                                                            of "actual waste") and (iii) "material breach of environmental
                                                            covenants" (instead of "breach of environmental covenants").

         114         Crescendo Office                       The applicable non-recourse carveouts are limited to (i)
                                                            "misappropriation of rents in violation of the Mortgage Loan documents"
                                                            (instead of "misapplication or misappropriation of rents"); (ii)
                                                            "misapplication or misappropriation of insurance proceeds or
                                                            condemnation awards in violation of the Mortgage Loan documents (instead
                                                            of "the misapplication or misappropriation of insurance proceeds or
                                                            condemnation awards"); and (iii) willful misconduct which has a material
                                                            adverse impact on the Mortgaged Property or actual intentional waste"
                                                            (instead of "actual waste").

                                                            The applicable non-recourse carveouts are limited with respect to the
                                                            guarantor only, not the Mortgagor.

                                                            Only with respect to the applicable non-recourse carveout for "fraud,
                                                            willful misconduct or material representation", there is no individual
                                                            or entity other than the Mortgagor who is liable.

         47          Concord Place                          The applicable non-recourse carveouts are limited to (i)
                                                            "misappropriation of rents in violation of the Mortgage Loan documents"
                                                            (instead of "misapplication or misappropriation of rents"); (ii)
                                                            "misapplication or misappropriation of insurance proceeds or
                                                            condemnation awards in violation of the Mortgage Loan documents (instead
                                                            of "the misapplication or misappropriation of insurance proceeds or
                                                            condemnation awards"); and (iii) willful misconduct which has a material
                                                            adverse impact on the Mortgaged Property or actual intentional waste"
                                                            (instead of "actual waste").

                                                            The applicable non-recourse carveouts are limited with respect to the
                                                            guarantor only, not the Mortgagor.

                                                            Only with respect to the applicable non-recourse carveout for "fraud,
                                                            willful misconduct or material representation", there is no individual
                                                            or entity other than the Mortgagor who is liable.

         17          Fountain Place Shopping Center         There is no individual or entity other than the Mortgagor who is liable
                                                            for the non-recourse carveouts.

         42          Infor Global Solutions Office          The applicable non-recourse carveouts are limited to "the misapplication
                     Building                               or misappropriation of rents during the continuance of an event of
                                                            default" (instead of "misapplication or misappropriation").

                                                            The non-recourse carveout does not cover "actual waste".

                                                            The environmental indemnity contains a 3 year sunset provision.

         52          Montwood Shopping Center               The applicable non-recourse carveout concerning fraud or material
                                                            misrepresentation is limited to agents under the control of the
                                                            Mortgagor or guarantor.

         40          Nationwide Insurance Bldg              The applicable non-recourse carveout concerning fraud or material
                                                            misrepresentation is limited to affiliates, agents or employees under
                                                            the control of the Mortgagor or guarantor.

         106         Southwest Estates                      Waste is limited to any act or omission for which the foreseeable result
                                                            would materially reduce the value of the Mortgaged Property. Failure to
                                                            pay debt service, insurance premiums or property taxes is specifically
                                                            excluded from the definition of waste.

         112         Rockland Mobile Home Park              Waste is limited to any act or omission for which the foreseeable result
                                                            would materially reduce the value of the Mortgaged Property. Failure to
                                                            pay debt service, insurance premiums or property taxes is specifically
                                                            excluded from the definition of waste.

         97          Mansard du Lac                         Waste is limited to any act or omission for which the foreseeable result
                                                            would be to materially reduce the value of the Mortgaged Property.
                                                            Failure to pay debt service, insurance premiums or property taxes is
                                                            specifically excluded from the definition of waste.

         119         Lakeside LLC                           Waste is limited to any act or omission for which the foreseeable result
                                                            would be to materially reduce the value of the Mortgaged Property.
                                                            Failure to pay debt service, insurance premiums or property taxes is
                                                            specifically excluded from the definition of waste.

         120         Olympia LLC                            Waste is limited to any act or omission for which the foreseeable result
                                                            would be to materially reduce the value of the Mortgaged Property.
                                                            Failure to pay debt service, insurance premiums or property taxes is
                                                            specifically excluded from the definition of waste.

         96          Book Walter Woods                      Waste is limited to any act or omission for which the foreseeable result
                                                            would be to materially reduce the value of the Mortgaged Property.
                                                            Failure to pay debt service, insurance premiums or property taxes is
                                                            specifically excluded from the definition of waste.

         64          Paradise LLC                           Waste is limited to any act or omission for which the foreseeable result
                                                            would be to materially reduce the value of the Mortgaged Property.
                                                            Failure to pay debt service, insurance premiums or property taxes is
                                                            specifically excluded from the definition of waste.

         21          Colwick Executive Center               The applicable non-recourse carveout is limited to "actual intentional
                                                            physical waste" (instead of "actual waste").

         9           Fairmont Hotel Dallas                  There is no individual or entity other than the Mortgagor who is liable
                                                            for the non-recourse carveouts.

         54          Gainesville Towne Center               The applicable non-recourse carveouts are limited to (i) "intentional
                                                            misapplication or misappropriation of insurance proceeds or condemnation
                                                            awards" (instead of "misapplication or misappropriation of insurance
                                                            proceeds or condemnation awards"); (ii) misapplication or
                                                            misappropriation of rents after an event of default" (instead of
                                                            "misapplication or misappropriation of rents"); and (iii) "actual
                                                            intentional waste" (instead of "actual waste").

         13          Eastover Shopping Center               There is no individual or entity other than the Mortgagor who is liable
                                                            for the non-recourse carveouts with respect to misapplication or
                                                            misappropriation of rents, insurance proceeds or condemnation awards or
                                                            actual waste.

                                                            The applicable non-recourse carveouts are limited to (i) "material
                                                            intentional misrepresentation" (instead of "material misrepresentation")
                                                            and (ii) "misapplication or misappropriation of rents collected more
                                                            than 30 days in advance" (instead of "misapplication or misappropriation
                                                            of rents").

         11          Westfield Richland Mall                There is no individual or entity other than the Mortgagor who is liable
                                                            for the non-recourse carveouts.

         6           Centro Portfolio                       There is no individual or entity other than the Mortgagor who is liable
                                                            for the non-recourse carveouts.

         1           RREEF Silicon Valley Office
                     Portfolio                              There is no individual or entity other than the Mortgagor who is liable
                                                            for the non-recourse carveouts.

                                                            The applicable non-recourse carveouts are limited to (i) "intentional
                                                            misrepresentation" (instead of "material misrepresentation"); (ii)
                                                            "misapplication or misappropriation of rents after the occurrence and
                                                            during the continuance of a default or event of default and collected
                                                            more than 30 days in advance" (instead of "misapplication or
                                                            misappropriation of rents"); and (iii) "intentional waste" (instead of
                                                            "actual waste").

Representation #(10c)
---------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         89          177-179 Admiral Cochrane Drive         The Mortgage Loan is structured as an IDOT, and while the related
                                                            Mortgagor was the maker of the Mortgage Note, the Mortgage was given by
                                                            the indemnity guarantor.

         94          Lexington Park Fairfield Inn           The Mortgage Loan is structured as an IDOT, and while the related
                                                            Mortgagor was the maker of the Mortgage Note, the Mortgage was given by
                                                            the indemnity guarantor.

         113         Citizens National Bank Building        The Mortgage Loan is structured as an IDOT, and while the related
                                                            Mortgagor was the maker of the Mortgage Note, the Mortgage was given by
                                                            the indemnity guarantor.

         62          5283 Corporate Drive                   The Mortgage Loan is structured as an IDOT, and while the related
                                                            Mortgagor was the maker of the Mortgage Note, the Mortgage was given by
                                                            the indemnity guarantor.

         6           Centro Portfolio                       A portion of the Mortgage Loan is structured as an IDOT, and while the
                                                            related Mortgagor was the maker of the Mortgage Note, the Mortgage was
                                                            given by an indemnity guarantor.

Representation #(10d)
---------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         2           One & Two Prudential Plazas            The terms of certain Mortgage Loan documents were modified after August
                                                            1, 2006 to condition the completion of capital repairs only to the
                                                            extent that the Mortgagor deems necessary to maintain the Mortgaged
                                                            Property in good and safe condition.

         64; 120;    Paradise LLC; Olympia LLC;             After August 1, 2006, certain Mortgage Loan documents were altered to
         44; 107     23-27 Robert Pitt Drive;               correct minor scriveners' errors.
                     2160 Erie Street

         114         Crescendo Office                       The terms of certain Mortgage Loan documents were modified after August
                                                            1, 2006 to provide for guarantor indemnification for any losses that are
                                                            the result of the Mortgagor not having a permanent certificate of
                                                            occupancy.

         10          875 East Wisconsin                     The terms of certain Mortgage Loan documents were modified after August
                                                            1, 2006 to include additional Mortgagors, as contemplated by the
                                                            Mortgage Loan documents, and to consent to the transfer of ownership
                                                            interests in an existing Mortgagor to a preapproved transferee.

         1           RREEF Silicon Valley Office            The terms of certain Mortgage Loan documents were modified after August
                     Portfolio                              1, 2006 to make the Fixed Rate A-2 Note, Floating Rate A Note and
                                                            Floating Rate B Note pari passu with the Mortgage Loan and to change the
                                                            amounts required to be escrowed for repairs to the Mortgaged Properties
                                                            and the procedures for releasing such funds.

         28          Westgate Shopping Center               The previous Mortgagor sold the Mortgaged Property to a new Mortgagor
                                                            who has assumed the Mortgage Loan.

Representation #(12)
--------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         2           One & Two Prudential Plazas            One of the buildings may be released from the lien of the Mortgage upon
                                                            payment of 115% of the Allocated Loan Amount if conveyed to a third
                                                            party or 120% of the Allocated Loan Amount if conveyed to an affiliate
                                                            in connection with a condominium conversion.

         6           Centro Portfolio                       Each Centro 38 property may be released from the lien of the Mortgage
                                                            upon defeasance of an amount equal to 110% of the allocated loan amount
                                                            to such property.

         1           RREEF Silicon Valley Office            Each RREEF property may be released from the lien of the Mortgage upon
                     Portfolio                              defeasance of an amount equal to between 105% and 115% of the allocated
                                                            loan amount to such property.

Representation #(14)
--------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         62          5283 Corporate Drive                   The value of the Mortgaged Property reflected in the most recent
                                                            appraisal is shown "as-stabilized" and assumes occupancy of space that
                                                            has not yet occurred. The mortgagee established escrows at origination
                                                            relating to the lease-up of the Mortgaged Property

Representation #(16)
--------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         114         Crescendo Office                       Pursuant to an undelivered items letter, the Mortgagor must obtain a
                                                            permanent certificate of occupancy by October 16, 2006. The temporary
                                                            certificate of occupancy expires November 30, 2006. The Mortgagor has
                                                            agreed to indemnify the mortgagee for any losses that are the result of
                                                            the Mortgagor not having a permanent certificate of occupancy.

         118         Plaza Arms Apartment Portfolio         One of the Plaza Arms Apartment Portfolio properties is legally
                                                            nonconforming due to setback and area violations. According to the
                                                            zoning report, the Mortgaged Property can be rebuilt as-is, provided
                                                            less than 75% of the Mortgaged Property is destroyed. The Mortgagor has
                                                            not obtained law and ordinance coverage. Any loss resulting from such
                                                            nonconforming use is a full recourse event until the Mortgagor provides
                                                            law and ordinance coverage acceptable to mortgagee.

                                                            Both of the Plaza Arms Apartment Portfolio properties are legally
                                                            nonconforming due to deficient parking.

         40          Nationwide Insurance Building          According to the zoning report, the Mortgaged Property is nonconforming,
                                                            subject to the re-striping of an additional 2 parking spaces.

         67          Skyline Leesburg Pike                  The Mortgagor is obligated to obtain non-residential use permits for all
                                                            tenants and subtenants pursuant to the terms of the Mortgage Loan
                                                            documents.

         52          Montwood Shopping Center               The Mortgaged Property is nonconforming due to deficient parking. The
                                                            Mortgagor is required to re-stripe pursuant to applicable Mortgage Loan
                                                            documents.

         85          Stone Plaza Office Building            The Mortgaged Property is nonconforming due to deficient parking. The
                                                            Mortgagor is required to re-stripe pursuant to applicable Mortgage Loan
                                                            documents. 80; 15; 111; 59 Wayne Heights Mall; Parkway Business Center;
                                                            Liberty Arms Apartments; The respective Mortgaged Properties are legally
                                                            Standard Woods Apartments nonconforming due to deficient parking.

    80; 15; 111; 59   Wayne Heights Mall;                   The respective Mortgaged Properties are legally nonconforming due to
                      Parkway Business Center;              deficient parking.
                      Liberty Arms Apartments;
                      Standard Woods Apartments

         1           RREEF Silicon Valley Office            Five of the RREEF Silicon Valley Office Portfolio properties (Peery Park
                     Portfolio                              Biotech, Peery Park I, Peery Park II, Macara A&B and Sunnyvale/Santa
                                                            Clara/San Jose) are legally nonconforming due to excessive parking.

Representation #(17)
--------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         68          Pembroke Pointe                        The Mortgaged Property was subdivided immediately prior to origination
                                                            of the Mortgage Loan and it is currently taxed with other property.
                                                            Commencing with the tax year 2007, the Mortgaged Property will be
                                                            assessed as two new separate and contiguous tax parcels, which tax
                                                            parcels will include no property other than the Mortgaged Property.

         93          Emporia Marketplace                    The related Mortgaged Property was recently administratively subdivided.
                                                            Pursuant to an undelivered items letter, the Mortgagor has agreed to
                                                            obtain a new tax identification number for the Mortgaged Property and
                                                            provide proof of the new tax identification number within 30 days of
                                                            receipt from the taxing authority. The additional parcel is not included
                                                            as security for the Mortgage Loan. Until the Mortgagor provides the
                                                            mortgagee with satisfactory evidence of a separate and new tax
                                                            identification number and assessment by the taxing authority, the
                                                            Mortgagor is required to escrow funds sufficient to pay all taxes and
                                                            assessments on both the Mortgaged Property and the additional parcel.

         28          Westgate Shopping Center               The Mortgaged Property is included in a tax parcel which also contains a
                                                            certain tract of undeveloped land consisting of approximately 8.165
                                                            acres which is located adjacent to the land (the "Outparcel"). The
                                                            Mortgagor does not hold title to the Outparcel and it is not included as
                                                            security for the Mortgage Loan. Until the Mortgaged Property is
                                                            separated into a single tax parcel that does not include the Outparcel,
                                                            the Mortgagor is required to escrow with the mortgagee funds sufficient
                                                            to pay all taxes and assessments on both the Mortgaged Property and the
                                                            Outparcel. Pursuant to the Mortgage Loan documents, the mortgagee is
                                                            required to (i) separate the Mortgaged Property from the Outparcel so
                                                            that the Mortgaged Property is a separate and distinct tax parcel, and
                                                            (ii) have the Mortgaged Property platted separately from the Outparcel.

Representation #(19a)
---------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         47          Concord Place                          The mortgagee waived escrows for immediate repairs in the amount of
                                                            $16,650 recommended by the property condition report.

         2           One & Two Prudential Plazas            The mortgagee waived escrows for immediate repairs in the amount of
                                                            $205,840 recommended by the property condition report. 50; 4; 32; 104;
                                                            110; 93; 54 Times Square Shopping Center; Sequoia Plaza; Embassy Suites-
                                                            Charlotte; Wythe Creek; Office The mortgagee waived escrows for
                                                            immediate repairs in an Value; Emporia Marketplace; amount less than
                                                            $5,000 recommended by the property Gainesville Towne Center condition
                                                            report.

        50;          Times Square Shopping Center;          The mortgagee;waived escrows for immediate repairs in an amount less
         4;          Sequoia Plaza;                         than $5,000 recommended by the property condition report.
        32;          Embassy Suites- Charlotte;
       104;          Wythe Creek;
       110;          Office Value;
        93;          Emporia Marketplace;
        54           Gainesville Towne Center

         37          Embassy Suites-Indianapolis            The mortgagee waived escrows for immediate repairs in the amount of
                                                            $100,000 recommended by the property condition report.
                                                            The immediate repairs are being completed in conjunction with
                                                            Mortgagor's current $5.3 million property improvement plan.

         6           Centro Portfolio                       The mortgagee waived escrows for immediate repairs in the amount of
                                                            $7,000 recommended by the property condition report for the Village of
                                                            Mableton property.

         1           RREEF Silicon Valley Office            The property condition recommended immediate repairs in the amount of
                     Portfolio                              $6,214,459. The mortgagee waived escrows for immediate repairs in the
                                                            amount of $5,000,000 and the Mortgagor escrowed the remaining
                                                            $1,518,458.70.

         67          Skyline Leesburg Pike                  The Property Condition Assessment was completed more than twelve months
                                                            prior to the cut-off date.

         40          Nationwide Insurance Building          The mortgagee waived escrows for immediate repairs in the amount of
                                                            $5,000 recommended by the property condition report.

         96          Book Walter Woods                      The property condition recommended immediate repairs in the amount of
                                                            $25,150. The mortgagee waived escrows for immediate repairs in the
                                                            amount of $15,000 and the Mortgagor escrowed 125% of the remaining
                                                            $10,150.

         14          Crowne Plaza Dulles Airport            The mortgagee waived escrows for immediate repairs in the amount of
                                                            $81,860 recommended by the property condition report.

Representation #(20a-i)
-----------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         1           RREEF Silicon Valley Office            One of the RREEF Silicon Valley Office Portfolio properties (North Point
                     Portfolio                              Business Park) includes a parking area which the Mortgagor holds
                                                            pursuant to a ground lease, expiring on September 30, 2024.
                                                            The parking area of the fee ownership portion of the Mortgaged Property
                                                            is sufficient to satisfy current zoning requirements.

Representation #(21a)
---------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         67          Skyline Leesburg Pike                  The Phase I Environmental Assessment was completed more than twelve
                                                            months prior to the origination date.

         1           RREEF Silicon Valley Office            Mortgagee obtained Environmental Desk Top reviews of existing Phase I
                     Portfolio                              reports that were prepared for the Mortgagor as part of the acquisition.

Representation #(21b)
---------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         96          Book Walter Woods                      The Environmental Site Assessment recommended the implementation of an
                                                            asbestos operations and maintenance plan ("O&M Plan"), but it was not
                                                            required by the mortgagee at closing. The Mortgagor is not obligated to
                                                            implement an O&M Plan unless and until subsequent demolition and/or
                                                            remodeling is undertaken at the Mortgaged Property.

Representation #(21d)
---------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         42          Infor Global Solutions Office          The environmental indemnity contains a 3 year sunset provision.
                     Building

         26          FILA USA Distribution Facility         The environmental indemnity contains a 5 year sunset provision.

Representation #(22)
--------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         26          FILA USA Distribution Facility         Mortgagor may maintain all-risk insurance with a deductible that does
                                                            not exceed $50,000 so long as the Mortgagor or its affiliates control
                                                            the Mortgaged Property.

                                                            Mortgagor may maintain comprehensive commercial general liability
                                                            insurance with a $5,000 deductible; provided however, that such
                                                            deductible may be increased to not more than $100,000 so long as the
                                                            Mortgagor or its affiliates control the Mortgaged Property.

         111         Liberty Arms Apartments                Mortgagor may maintain comprehensive commercial general liability
                                                            insurance with a deductible that does not exceed $1,000.

                                                            Evidence of renewal of insurance is due not less than 15 days prior to
                                                            policy expiration (instead of 30 days).

         17          Fountain Place Shopping Center         Mortgagor may maintain comprehensive commercial general liability
                                                            insurance with a deductible that does not exceed $1,000.

         40          Nationwide Insurance Bldg              Mortgagor may maintain comprehensive commercial general liability
                                                            insurance with a deductible that does not exceed $10,000.

         24          Orchards of Landen                     Mortgagor may maintain comprehensive commercial general liability
                                                            insurance with a deductible that does not exceed $10,000.

         9           Fairmont Hotel Dallas                  Mortgagor may maintain all-risk insurance and comprehensive commercial
                                                            general liability insurance with a deductible that does not exceed
                                                            $75,000 each.

                                                            Instead of the customary 30 day notice, no evidence of renewal of
                                                            insurance prior to policy expiration is necessary.

         59          Standard Woods Apartments              Mortgagor may maintain comprehensive commercial general liability
                                                            insurance with a deductible that does not exceed $1,000.

         58          Regal Court Apartments                 Mortgagor may maintain comprehensive commercial general liability
                                                            insurance with a deductible that does not exceed $5,000.

         32          Embassy Suites-Charlotte               Mortgagor may maintain all-risk insurance with a deductible that does
                                                            not exceed $100,000.

                                                            For all-risk, business interruption, and boiler and machinery coverage,
                                                            the Mortgagor is permitted to use a syndicate of insurance providers so
                                                            long as at least seventy-five percent (75%) of the coverage (if there
                                                            are four (4) or fewer members of the syndicate) or at least sixty
                                                            percent (60%) of the coverage (if there are five (5) or more members of
                                                            the syndicate) have a claims-paying ability of "A" by S&P or "A:VIII" by
                                                            A.M. Best. The balance of the coverage for such insurance, if any, must
                                                            be with insurance companies having a claims-paying ability of "BBB-" by
                                                            S&P and "A:VIII" by A.M. Best. In addition, all other insurance shall be
                                                            provided by providers with a claims-paying ability of "A" by all rating
                                                            agencies and "A:IX" by A.M. Best.

         37          Embassy Suites-Indianapolis            Mortgagor may maintain all-risk insurance with a deductible that does
                                                            not exceed $100,000.

                                                            For all-risk, business interruption, and boiler and machinery coverage,
                                                            the Mortgagor is permitted to use a syndicate of insurance providers so
                                                            long as at least seventy-five percent (75%) of the coverage (if there
                                                            are four (4) or fewer members of the syndicate) or at least sixty
                                                            percent (60%) of the coverage (if there are five (5) or more members of
                                                            the syndicate) have a claims-paying ability of "A" by S&P or "A:VIII" by
                                                            A.M. Best. The balance of the coverage for such insurance, if any, must
                                                            be with insurance companies having a claims-paying ability of "BBB-" by
                                                            S&P and "A:VIII" by A.M. Best. In addition, all other insurance shall be
                                                            provided by providers with a claims-paying ability of "A" by all rating
                                                            agencies and "A:IX" by A.M. Best.

         1           RREEF Silicon Valley Office            Mortgagor may maintain all-risk insurance with a deductible that does
                     Portfolio                              not exceed $100,000.

                                                            The Mortgagor is required to carry Insurance Policies from carriers
                                                            having a claims-paying ability rating of "A" or better (or the
                                                            equivalent thereof) by at least two (2) of the rating agencies rating
                                                            the Certificates, or, if only one rating agency is rating the
                                                            Certificates, then only by such rating agency; provided, however, that
                                                            if insurance is provided by a syndicate, the insurers will be acceptable
                                                            if: (i) the first layer of coverage under such insurance will be
                                                            provided by carriers with a minimum financial strength rating by S&P of
                                                            "A" or better; (ii) 60% (75% if there are four or fewer members in the
                                                            syndicate) of the aggregate limits under such Insurance Policies must be
                                                            provided by carriers with a minimum financial strength rating from S&P
                                                            of "A" or better and (iii) the financial strength rating from S&P for
                                                            each carrier in the syndicate should be at least "BBB". The Mortgagor
                                                            has the right to accept carriers with respect to earthquake coverage,
                                                            which do not satisfy the rating requirements if the mortgagee determines
                                                            there is a limited market availability for such carriers.

         99          Walgreens-Summerville, SC              Walgreens, the sole tenant of the Mortgaged Property under a triple net
                                                            lease, self insures.

Representation #(27)
--------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         89          177-179 Admiral Cochrane Drive         This loan is secured by an IDOT. The indemnity grantor, and not the
                                                            Mortgagor, is required to provide financial information to the
                                                            mortgagee.

         94          Lexington Park Fairfield Inn           This loan is secured by an IDOT. The indemnity grantor, and not the
                                                            Mortgagor, is required to provide financial information to the
                                                            mortgagee.

         113         Citizens National Bank Building        This loan is secured by an IDOT. The indemnity grantor, and not the
                                                            Mortgagor, is required to provide financial information to the
                                                            mortgagee.

         62          5283 Corporate Drive                   This loan is secured by an IDOT. The indemnity grantor, and not the
                                                            Mortgagor, is required to provide financial information to the
                                                            mortgagee.

         6           Centro Portfolio                       A portion of this loan is secured by an IDOT. With respect to the IDOT
                                                            related property, the indemnity grantor, and not the Mortgagor, is
                                                            required to provide financial information to the mortgagee.

Representation #(29)
--------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         6; 11       Centro Portfolio, Westfield Richland   The original principal balance of the Centro Portfolio Mortgage Loan and
                     Mall                                   the Westfield Richland Mall Mortgage Loan, which loans are to Mortgagors
                                                            under common sponsorship, represent more than 5% of the aggregate
                                                            outstanding principal amount of all the mortgage loans included in the
                                                            trust fund.

Representation #(32)
--------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         10          875 East Wisconsin                     One of the tenant in common Mortgagors is undertaking a reverse 1031
                                                            exchange (the "Reverse Investor"). In connection therewith, the limited
                                                            liability company interests of the Reverse Investor are currently owned
                                                            by a third party 1031 tax deferred exchange agent pursuant to an
                                                            exchange agreement which requires the agent to transfer such membership
                                                            interests to the parent of the Reverse Investor within 180 days. The
                                                            foregoing transfer is preapproved and not subject to mortgagee's consent
                                                            under the terms of the Mortgage Loan documents.

                                                            Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

         69          Academy Point Atrium II                The Mortgage Loan was made in connection with a Section 1031 reverse tax
                                                            deferred exchange. The Mortgage Loan documents require the exchange
                                                            intermediary to transfer controlling interests in the Mortgagor to the
                                                            guarantor within 180 days of the origination date to consummate the tax
                                                            deferred exchange.

         47          Concord Place                          Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

         114         Crescendo Office                       Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

         2           One & Two Prudential Plazas            Certain owners of the Mortgagor have pledged their ownership interests
                                                            in the Mortgagor to secure a mezzanine loan in the amount of
                                                            $60,000,000, which mezzanine loan is held by NRF Capital LP. Subject to
                                                            the satisfaction of certain conditions, the Mortgage Loan documents
                                                            permit certain other transfers of ownership interests to affiliates and
                                                            other entities.

         107         2160 Erie Street                       The Mortgage Loan documents permit each principal of the Mortgagor to
                                                            transfer a portion of its respective interest in the Mortgagor so long
                                                            as after any and all such transfers, each of the principals maintains at
                                                            least a 1% ownership interest in the Mortgagor. In addition, the
                                                            Mortgage Loan Documents provide that the removal of one of the original
                                                            managers of the Mortgagor will not be deemed a transfer so long as the
                                                            other original manager remains a manager of the Mortgagor.

         26          FILA USA Distribution Facility         Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

         42          Infor Global Solutions Office          Subject to the satisfaction of certain criteria, certain other transfers
                     Building                               to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

         91          Springtree Meadows Apartments          Subject to the satisfaction of certain criteria, the Mortgage Loan
                                                            documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         28          Westgate Shopping Center               Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

         44          23-27 Robert Pitt Drive                Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

         106         Southwest Estates                      Subject to the satisfaction of certain criteria, the Mortgage Loan
                                                            documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         112         Rockland Mobile Home Park              Subject to the satisfaction of certain criteria, the Mortgage Loan
                                                            documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         97          Mansard du Lac                         Subject to the satisfaction of certain criteria, the Mortgage Loan
                                                            documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         119         Lakeside LLC                           Subject to the satisfaction of certain criteria, the Mortgage Loan
                                                            documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         120         Olympia LLC                            Subject to the satisfaction of certain criteria, the Mortgage Loan
                                                            documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         96          Book Walter Woods                      Subject to the satisfaction of certain criteria, the Mortgage Loan
                                                            documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         64          Paradise LLC                           Subject to the satisfaction of certain criteria, the Mortgage Loan
                                                            documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         21          Colwick Executive Center               Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

         9           Fairmont Hotel Dallas                  Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

                                                            Subject to the satisfaction of certain criteria, the Mortgage Loan
                                                            documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         54          Gainesville Towne Center               Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

         52          Montwood Shopping Center               Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

         24          Orchards of Landen                     Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

         4           Sequoia Plaza                          Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

         32          Embassy Suites-Charlotte               Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

                                                            Subject to the satisfaction of certain criteria, the Mortgage Loan
                                                            documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         37          Embassy Suites-Indianapolis            Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

                                                            Subject to the satisfaction of certain criteria, the Mortgage Loan
                                                            documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         13          Eastover Shopping Center               Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

         66          Fairfield Inn & Suites Sacramento      Subject to the satisfaction of certain criteria, the Mortgage Loan
                     Airport                                documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         11          Westfield Richland Mall                Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

                                                            Subject to the satisfaction of certain criteria, the Mortgage Loan
                                                            documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         6           Centro Portfolio                       Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

                                                            Subject to the satisfaction of certain criteria, the Mortgage Loan
                                                            documents allow members of the Mortgagor the right to pledge their
                                                            interests in the Mortgagor to secure a mezzanine loan pursuant to the
                                                            security instrument.

         1           RREEF Silicon Valley Office Portfolio  Subject to the satisfaction of certain criteria, certain other transfers
                                                            to affiliates and other entities or individuals are permitted pursuant
                                                            to the Mortgage Loan documents.

Representation #(33)
--------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         2           One & Two Prudential Plazas            The Mortgaged Property secures the Mortgage Loan and another note, which
                                                            is pari passu with the Mortgage Note which evidences the Mortgage Loan,
                                                            but such other note is not included in the trust fund and has been
                                                            previously sold by Seller.

         1           RREEF Silicon Valley Office            The Mortgaged Property secures the Mortgage Loan (consisting of a Fixed
                     Portfolio                              Rate A-1 Note), a Fixed Rate A-2 Note (which is pari passu with the
                                                            Mortgage Loan and is not included in the trust fund) and a Floating Rate
                                                            A Note and Floating Rate B Note (which are pari passu with the Mortgage
                                                            Loan and Fixed Rate A-2 Note and are not included in the trust fund).

Representation #(35)
--------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         2           One & Two Prudential Plazas            One of the buildings may be released from the lien of the Mortgage upon
                                                            payment of 115% of the Allocated Loan Amount if conveyed to a third
                                                            party or 120% of the Allocated Loan Amount if conveyed to an affiliate
                                                            in connection with a condominium conversion.

         6           Centro Portfolio                       Each Centro 38 property may be released from the lien of the Mortgage
                                                            upon defeasance of an amount equal to 110% of the allocated loan amount
                                                            to such property.

         1           RREEF Silicon Valley Office            Each RREEF Silicon Valley Office Portfolio property may be Portfolio
                                                            released from the lien of the Mortgage upon defeasance of an amount
                                                            equal to between 105% and 115% of the allocated loan amount to such
                                                            property.

Representation #(36)
--------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         89          177-179 Admiral Cochrane Drive         Because the Mortgage Loan is structured for tax purposes as an IDOT, the
                                                            indemnity guarantor of the IDOT owns the related Mortgaged Property
                                                            instead of the related Mortgagor.

         94          Lexington Park Fairfield Inn           Because the Mortgage Loan is structured for tax purposes as an IDOT, the
                                                            indemnity guarantor of the IDOT owns the related Mortgaged Property
                                                            instead of the related Mortgagor.

         113         Citizens National Bank Building        Because the Mortgage Loan is structured for tax purposes as an IDOT, the
                                                            indemnity guarantor of the IDOT owns the related Mortgaged Property
                                                            instead of the related Mortgagor.

         62          5283 Corporate Drive                   Because the Mortgage Loan is structured for tax purposes as an IDOT, the
                                                            indemnity guarantor of the IDOT owns the related Mortgaged Property
                                                            instead of the related Mortgagor.

         6           Centro Portfolio                       Because a portion of the Mortgage Loan is structured for tax purposes as
                                                            an IDOT, the indemnity guarantor of the IDOT owns the related Mortgaged
                                                            Property instead of the related Mortgagor.

Representation #(37)
--------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         52          Montwood Shopping Center               The Mortgaged Property is nonconforming due to deficient parking. The
                                                            Mortgagor is required to re-stripe pursuant to applicable Mortgage Loan
                                                            documents.

         118         Plaza Arms Apartment Portfolio         One of the Plaza Arms Apartment Portfolio properties is legally
                                                            nonconforming due to setback and area violations. According to the
                                                            zoning report, the Mortgaged Property can be rebuilt as-is, provided
                                                            less than 75% of the Mortgaged Property is destroyed. The Mortgagor has
                                                            not obtained law and ordinance coverage. Any loss resulting from such
                                                            nonconforming use is a full recourse event until the Mortgagor provides
                                                            law and ordinance coverage acceptable to mortgagee.

                                                            Both of the Plaza Arms Apartment Portfolio properties are legally
                                                            nonconforming to deficient parking.

         85          Stone Plaza Office Building            The Mortgaged Property is nonconforming due to deficient parking. The
                                                            Mortgagor is required to re-stripe pursuant to applicable Mortgage Loan
                                                            documents.

         40          Nationwide Insurance Building          According to the zoning report, the Mortgaged Property is nonconforming,
                                                            subject to the re-striping of an additional 2 parking spaces.

         1; 32;      RREEF Silicon Valley Office            The respective Mortgaged Properties are legally nonconforming due to
         51; 112;    Portfolio (Mountain View               deficient parking.
         83; 103;    Properties, Orchard Park and
         26; 80;     Sunnyvale/Santa Clara/San Jose);
         15; 111;    Embassy Suites-Indianapolis;
         59; 54;     Market Plaza Shopping Center;
         106         Rockland Mobile Home Park; 3000
                     Lincoln; 9264-9280 West 159th
                     Street; FILA USA Distribution
                     Facility; Wayne Heights Mall;
                     Parkway Business Center; Liberty
                     Arms Apartments; Standard Woods
                     Apartments; Gainesville Towne
                     Center; Southwest Estates

         1           RREEF Silicon Valley Office            Five of the RREEF Silicon Valley Office Portfolio properties (Peery Park
                     Portfolio                              Biotech, Peery Park I, Peery Park II, Macara A&B and Sunnyvale/Santa
                                                            Clara/San Jose) are legally nonconforming due to excessive parking.

Representation #(42)
--------------------

    Loan Number                    Loan Name                                  Description of Exception
------------------------------------------------------------------------------------------------------------------------------------

         2           One & Two Prudential Plazas            Terrorism insurance premiums are capped at $440,000 per year (or
                                                            $220,000 following a partial release) with respect to the related
                                                            Mortgaged Property, subject to annual increases based on the Consumer
                                                            Price Index.

         12          Capitol Commons                        Terrorism insurance premiums are capped at $35,000 per year (or $13,000
                                                            if provided in the form of an endorsement or rider to an existing
                                                            Insurance Policy).

         26          FILA USA Distribution Facility         Terrorism insurance premiums are capped at $45,000 per year, subject to
                                                            annual increases based on the Consumer Price Index.

         32          Embassy Suites-Charlotte               Under certain circumstances, terrorism insurance premiums are capped at
                                                            1% times 110% of the outstanding principal balance and accrued but
                                                            unpaid interest.

         37          Embassy Suites-Indianapolis            Under certain circumstances, terrorism insurance premiums are capped at
                                                            1% times 110% of the outstanding principal balance and accrued but
                                                            unpaid interest.

         13          Eastover Shopping Center               Terrorism insurance premiums are capped at $25,000 per year, subject to
                                                            annual increases based on the Consumer Price Index.

         111         Westfield Richland Mall                Terrorism insurance premiums are capped at $70,000 per year.

         6           Centro Portfolio                       Terrorism insurance premiums are capped at $200,000 per
                                                            year.

         1           RREEF Silicon Valley Office            Terrorism insurance premiums are capped at $200,000 per
                     Portfolio                              year.
</TABLE>

<PAGE>

                                    EXHIBIT D

                          FORM OF OFFICER'S CERTIFICATE

            I, [______], a duly appointed, qualified and acting [______] of
JPMorgan Chase Bank, National Association, a national banking association (the
"Company"), hereby certify as follows:

1.    I have examined the Mortgage Loan Purchase Agreement, dated as of
      September 21, 2006 (the "Agreement"), between the Company and J.P. Morgan
      Chase Commercial Mortgage Securities Corp., and all of the representations
      and warranties of the Company under the Agreement are true and correct in
      all material respects on and as of the date hereof with the same force and
      effect as if made on and as of the date hereof.

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

3.    I have examined the information regarding the Mortgage Loans in each Free
      Writing Prospectus (as defined in the Indemnification Agreement), when
      read in conjunction with the other Time of Sale Information (as defined in
      the Indemnification Agreement), the Prospectus, dated September 12, 2006,
      as supplemented by the Prospectus Supplement, dated September 14, 2006
      (collectively, the "Prospectus"), relating to the offering of the Class
      A-1, Class A-2, Class A-3FL, Class A-3B, Class A-4, Class A-SB, Class
      A-1A, Class A-M, Class A-J, Class X-1, Class X-2, Class B, Class C and
      Class D Certificates, the Private Placement Memorandum, dated September
      14, 2006 (the "Privately Offered Certificate Private Placement
      Memorandum"), relating to the offering of the Class E, Class F, Class G,
      Class H, Class J, Class K, Class L, Class M, Class N, Class P and Class NR
      Certificates, and the Residual Private Placement Memorandum, dated
      September 14, 2006 (together with the Privately Offered Certificate
      Private Placement Memorandum, the "Private Placement Memoranda"), relating
      to the offering of the Class R and Class LR Certificates, and nothing has
      come to my attention that would lead me to believe that any Free Writing
      Prospectus, including any diskette attached thereto, when read in
      conjunction with the other Time of Sale Information, as of the Time of
      Sale (as defined in the Indemnification Agreement) or as of the date
      hereof, the Prospectus, as of the date of the Prospectus Supplement or as
      of the date hereof, or the Private Placement Memoranda, as of the date of
      the Private Placement Memoranda or as of the date hereof, included or
      includes any untrue statement of a material fact relating to the Mortgage
      Loans or in the case of any Free Writing Prospectus, when read in
      conjunction with the other Time of Sale Information, omitted or omits to
      state therein a material fact necessary in order to make the statements
      therein relating to the Mortgage Loans, in light of the circumstances
      under which they were made, not misleading.

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

<PAGE>

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

                                       By:_____________________________
                                          Name:
                                          Title:Exhibit 10.2
--------------------------------------------------------------------------------

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

                                   PURCHASER,

                                    CIBC INC.

                                     SELLER

                        MORTGAGE LOAN PURCHASE AGREEMENT

                         Dated as of September 21, 2006

                                  $805,149,630

                            Fixed Rate Mortgage Loans

                               Series 2006-CIBC16

--------------------------------------------------------------------------------

<PAGE>

      This Mortgage Loan Purchase Agreement (this "Agreement"), dated as of
September 21, 2006, is between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as purchaser (the "Purchaser"), and CIBC Inc., as seller ("CIBC" or the
"Seller").

      Capitalized terms used in this Agreement not defined herein shall have the
meanings ascribed to them in the Pooling and Servicing Agreement dated as of
September 21, 2006 (the "Pooling and Servicing Agreement") among the Purchaser,
as depositor (the "Depositor"), Capmark Finance Inc., as master servicer
("Master Servicer"), Midland Loan Services, Inc., as special servicer ("Special
Servicer") and Wells Fargo Bank, N.A., as trustee (in such capacity, the
"Trustee") and as paying agent (in such capacity, the "Paying Agent"), pursuant
to which the Purchaser will sell the Mortgage Loans (as defined herein) to a
trust fund and certificates representing ownership interests in the Mortgage
Loans will be issued by the trust fund. For purposes of this Agreement, the term
"Mortgage Loans" refers to the mortgage loans listed on Exhibit A and the term
"Mortgaged Properties" refers to the properties securing such Mortgage Loans.

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

      SECTION 1. Sale and Conveyance of Mortgages; Possession of Mortgage File.
Effective as of the Closing Date and upon receipt of the purchase price set
forth in the immediately succeeding paragraph, the Seller does hereby sell,
transfer, assign, set over and convey to the Purchaser, without recourse, all of
its right, title, and interest (subject to certain agreements regarding
servicing as provided in the Pooling and Servicing Agreement, subservicing
agreements permitted thereunder and that certain Servicing Rights Purchase and
Sale Agreement, dated as of September 1, 2006, between the Master Servicer and
the Seller) in and to the Mortgage Loans described in Exhibit A, including all
interest and principal received on or with respect to the Mortgage Loans after
the Cut-off Date (other than payments of principal and interest first due on the
Mortgage Loans on or before the Cut-off Date). Upon the sale of the Mortgage
Loans, the ownership of each related Mortgage Note, the Mortgage and the other
contents of the related Mortgage File will be vested in the Purchaser and
immediately thereafter the Trustee and the ownership of records and documents
with respect to the related Mortgage Loan prepared by or which come into the
possession of the Seller (other than the records and documents described in the
proviso to Section 3(a) hereof) shall immediately vest in the Purchaser and
immediately thereafter the Trustee. The Seller's records will accurately reflect
the sale of each Mortgage Loan to the Purchaser. The Depositor will sell the
Class A-1, Class A-2, Class A-3FL, Class A-3B, Class A-4, Class A-SB, Class
A-1A, Class A-M, Class A-J, Class X-1, Class X-2, Class B, Class C and Class D
Certificates (the "Offered Certificates") to the underwriters specified in the
underwriting agreement dated September 14, 2006 (the "Underwriting Agreement")
between the Depositor and J.P. Morgan Securities Inc. ("JPMSI") for itself and
as representative of CIBC World Markets Corp. ("CIBCWMC") and Wachovia Capital
Markets, LLC (together with JPMSI, and CIBCWMC, the "Underwriters"), and the
Depositor will sell the Class E, Class F, Class G, Class H, Class J, Class K,
Class L, Class M, Class N, Class P and Class NR Certificates (the "Private
Certificates") to JPMSI, as the initial purchaser (together with the
Underwriters, the "Dealers") specified in the certificate purchase agreement,
dated September 14, 2006 (the "Certificate Purchase Agreement"), between the
Depositor and JPMSI.

      The sale and conveyance of the Mortgage Loans is being conducted on an
arms-length basis and upon commercially reasonable terms. As the purchase price
for the Mortgage Loans, the Purchaser shall pay to the Seller or at the Seller's
direction $833,120,402 (which amount is inclusive of accrued interest) in
immediately available funds minus the costs set forth in Section 9 hereof. The
purchase and sale of the Mortgage Loans shall take place on the Closing Date.

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

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

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

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

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

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

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

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

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

      (c) if, during such period of time after the first date of the public
offering of the Offered Certificates as in the opinion of counsel for the
Underwriters, a prospectus relating to the Offered Certificates is required by
applicable law to be delivered in connection with sales thereof by an
Underwriter or a dealer, any event shall occur as a result of which it is
necessary to amend or supplement the Prospectus Supplement, including Annex A-1,
A-2, A-3, B and D thereto and the Diskette included therewith, with respect to
any information relating to the Mortgage Loans or the Seller, in order to make
the statements therein, in the light of the circumstances when the Prospectus
Supplement is delivered to a purchaser, not misleading, or if it is necessary to
amend or supplement the Prospectus Supplement, including Annex A-1, A-2, A-3, B
and D thereto and the Diskette included therewith, with respect to any
information relating to the Mortgage Loans or the Seller, to comply with
applicable law, the Seller shall do all things necessary to assist the Depositor
to prepare and furnish, at the expense of the Seller (to the extent that such
amendment or supplement relates to the Seller, the Mortgage Loans listed on
Exhibit A and/or any information relating to the same, as provided by the
Seller), to the Underwriters such amendments or supplements to the Prospectus
Supplement as may be necessary, so that the statements in the Prospectus
Supplement as so amended or supplemented, including Annex A-1, A-2, A-3, B and D
thereto and the Diskette included therewith, with respect to any information
relating to the Mortgage Loans or the Seller, will not, in the light of the
circumstances when the Prospectus is delivered to a purchaser, be misleading or
so that the Prospectus Supplement, including Annex A-1, A-2, A-3, B and D
thereto and the Diskette included therewith, with respect to any information
relating to the Mortgage Loans or the Seller, will comply with applicable law.
All terms used in this clause (c) and not otherwise defined herein shall have
the meaning set forth in the Indemnification Agreement, dated as of September
14, 2006 among the Purchaser, the Seller and the Dealers (the "Indemnification
Agreement").

      SECTION 6. Representations and Warranties.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

      If any Breach pertains to a representation or warranty that the related
Mortgage Loan documents or any particular Mortgage Loan document requires the
related Mortgagor to bear the costs and expenses associated with any particular
action or matter under such Mortgage Loan document(s), then Seller shall not be
required to repurchase such Mortgage Loan and the sole remedy with respect to
any Breach of such representation shall be to cure such Breach within the
applicable cure period (as the same may be extended) by reimbursing the Trust
Fund (by wire transfer of immediately available funds) the reasonable amount of
any such costs and expenses incurred by the Master Servicer, the Special
Servicer, the Trustee or the Trust Fund that are the basis of such Breach and
have not been reimbursed by the related Mortgagor; provided, however, that in
the event any such costs and expenses exceed $10,000, the Seller shall have the
option to either repurchase or substitute for the related Mortgage Loan as
provided above or pay such costs and expenses. Except as provided in the proviso
to the immediately preceding sentence, the Seller shall remit the amount of such
costs and expenses and upon its making such remittance, the Seller shall be
deemed to have cured such Breach in all respects. To the extent any fees or
expenses that are the subject of a cure by the Seller are subsequently obtained
from the related Mortgagor, the portion of the cure payment equal to such fees
or expenses obtained from the Mortgagor shall be returned to the Seller pursuant
to Section 2.03(f) of the Pooling and Servicing Agreement.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

                                       J.P. MORGAN CHASE COMMERCIAL MORTGAGE
                                          SECURITIES CORP.

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

                                    CIBC INC.

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

<PAGE>
                                    EXHIBIT A

                             MORTGAGE LOAN SCHEDULE

         JPMCC 2006-CIBC16
         Mortgage Loan Schedule

<TABLE>
<CAPTION>

Loan #   Mortgagor Name                                   Property Address                        City               State
------   ----------------------------------------------   -------------------------------------   ----------------   -------
<S>      <C>                                              <C>                                     <C>                <C>
     3   Lee Outlets LLC, Calhoun Outlets LLC,            Various                                 Various            Various
           Gaffney Outlets LLC
  3.01                                                    50 Water Street                         Lee                MA
  3.02                                                    1 Factory Shops Boulevard               Gaffney            SC
  3.03                                                    455 Belwood Road                        Calhoun            GA
     5   Portfolio Real Estate Englewood, LLC,            Various                                 Various            Various
         Portfolio Real Estate Sedgewick, LLC,
         Portfolio Sparks, LLC, Portfolio Real
         Estate South Attleboro, LLC, Portfolio Real
         Estate West Springfield, LLC, Portfolio
         Real Estate New Kensington, LLC, Portfolio
         Real Estate Palm Bay, LLC, Portfolio Real
         Estate Auburn Hills, LLC, Portfolio Real
         Estate Marysville, LLC, Portfolio Real
         Estate Columbus, LLC

  5.01                                                    2725, 2755 & 2690 Kirby Circle          Palm Bay           FL
                                                          Northeast
  5.02                                                    275 Rex Boulevard                       Auburn Hills       MI
  5.03                                                    11 Interstate Drive                     West Springfield   MA
  5.04                                                    115 Hunt Valley Drive                   New Kensington     PA
  5.05                                                    39 Perry Avenue                         Attleboro          MA
  5.06                                                    4051 Fondorf Drive                      Columbus           OH
  5.07                                                    12876 East Adam Aircraft Circle         Englewood          CO
  5.08                                                    3737 Midco Street                       Wichita            KS
  5.09                                                    16940 Square Drive                      Marysville         OH
   5.1                                                    1284 East Glendale Avenue               Sparks             NV
     7   Woodland Gardens MI LLC, Kingsley MI LLC,        Various                                 Various            MI
         The Lakes MI LLC, Canterbury Square MI LLC,
         Greentrees MI LLC, Southpointe Square MI LLC
  7.01                                                    25500 West 12 Mile Road                 Southfield         MI
  7.02                                                    2127 North Lovington Drive              Troy               MI
  7.03                                                    4805 Woodland Avenue                    Royal Oak          MI
  7.04                                                    34800 Moravian Drive                    Sterling Heights   MI
  7.05                                                    19880 Fort Street                       Riverview          MI
  7.06                                                    22520 West Road                         Woodhaven          MI
     8   Cityview Apartments Associates LP 1, LLLP        Various                                 Houston            TX
  8.01                                                    17050 Imperial Valley Drive             Houston            TX
  8.02                                                    535 Seminar Road                        Houston            TX
  8.03                                                    400 Greens Road                         Houston            TX
  8.04                                                    1100 Langwick Drive                     Houston            TX
  8.05                                                    17630 Wayforest Drive                   Houston            TX
  8.06                                                    17103 Imperial Valley Drive             Houston            TX
  8.07                                                    1000 Greens Road                        Houston            TX
  8.08                                                    501 Greens Road                         Houston            TX
    16   Avalon Oaks, LLC and River Oaks, LLC             Various                                 Columbus           OH
 16.01                                                    2299 River Oaks Drive                   Columbus           OH
 16.02                                                    1820 Holt Road                          Columbus           OH
    18   Oregon-DPP LLC                                   Various                                 Various            OR
 18.01                                                    17942 Southwest McEwan                  Lake Oswego        OR
 18.02                                                    1210 Northwest Johnson Street           Portland           OR
    19   Sequoia Frankford Springs, LP, Sequoia           3702 Frankford Road                     Dallas             TX
         Frankford Springs 1, LP, Sequoia Frankford
         Springs 2, LP, Sequoia Frankford Springs 3,
         LP, Sequoia Frankford Springs 4, LP,
         Sequoia Frankford Springs 5, LP, Sequoia
         Frankford Springs 6, LP, Sequoia Frankford
         Springs 7, LP, Sequoia Frankford Springs 8,
         LP, Sequoia Frankford Springs 9, LP,
         Sequoia Frankford Springs 10, LP, Sequoia
         Frankford Springs 11, LP, Sequoia Frankford
         Springs 12, LP, Sequoia Frankford Springs
         13, LP, Sequoia Frankford Springs 14, LP,
         Sequoia Frankford Springs 15, LP, Sequoia
         Frankford Springs 16, LP, Sequoia Frankford
         Springs 17, LP, Sequoia Frankford Springs
         18, LP, Sequoia Frankford Springs 19, LP
    20   2222 South Figueroa, LLC                         2222 South Figueroa Street              Los Angeles        CA
    22   FCSL Properties, LLC                             8787 Baypine Road                       Jacksonville       FL
    23   Fair Oaks Mall Acquisition, LLC                  2204 25th Street                        Columbus           IN
    25   100 East Alvin Drive LLC                         100 East Alvin Drive                    Salinas            CA
    27   NRFC Sub Investor II, LLC                        2222 West 2300 South                    West Valley City   UT
    30   San Pedro Properties                             1300 South San Pedro Street             Los Angeles        CA
    33   Suemandy Propreties, LLC and CMR                 121-331 Costco Way                      Saint Peters       MO
         Exchangepoint, LLC
    34   1097 North State, LLC                            1097 North State Street                 Hemet              CA
    35   Church Square Holdings, LLC                      7901 Euclid Avenue                      Cleveland          OH
    36   Prime Diamond Investment, Ltd.                   18325 Waterview Parkway                 Dallas             TX
    39   Redmond Plaza II L.L.C.                          23515 NE Novelty Hill                   Redmond            WA
    41   Sonora Plaza I, LLC                              708-764, 796, 808-824 East Mono Way     Sonora             CA
    43   5000 Sunset LLC                                  5000 West Sunset Boulevard              Los Angeles        CA
    45   AZG Northern LLC                                 Northwest Quadrant of 19th Avenue and   Phoenix            AZ

    48   P&N Enterprises, LLC                             39405 Fremont Boulevard                 Fremont            CA
    49   5080 California, LLC                             5080 California Avenue                  Bakersfield        CA
    53   Pine Tree Plaza LLC and Executive Mews           1930-1936 Marlton Pike East             Cherry Hill        NJ
           Phase 2 and 4 Associates LLC
    55   Pecan Square, Ltd.                               3350 Lombardy Lane                      Dallas             TX
    56   81 East 3 Street Realty, LLC                     81 East 3rd Street                      New York           NY
    57   5001 Joerns Drive, LLC and Overland Joerns,      5001 Joerns Drive                       Stevens Point      WI
         LLC
    60   Riverbank Realty, LP                             12261 Fondren Road                      Houston            TX
    61   Trail Plaza, LLC                                 1801-1919 West Hillsboro Boulevard      Deerfield Beach    FL
    63   222 West 37th Street Realty Corp.                222 West 37th Street                    New York           NY
    65   SFB Shops at Civic Center, L.L.C.                211, 235, 263 East Warner Road          Gilbert            AZ
    72   Dallas Bayou Bend, Ltd.                          3339 Lombardy Lane                      Dallas             TX
    73   DYK Partners, Inc.                               9420-9440 Cuyamaca Street               Santee             CA
    74   Beverly Robertson Design Plaza L.P.              8797 Beverly Boulevard                  West Hollywood     CA
    75   Winchester Business Park, L.C.                   1000 South 1680 West                    Orem               UT
    77   East Village Gardens Corp.                       151 East 3rd Street                     New York           NY
    78   Baldwin Legacy, LLC                              4751-4767 New Broad Street              Orlando            FL
    81   Forest Lake Facilities, LLC and Forest           1943 West Broadway Avenue               Forest Lake        MN
         Lake, MN Limited Partnership
    82   Lakeshore Plaza Holding, LLC                     22840 Lake Shore Boulevard              Euclid             OH
    86   Valley Investors, LLC                            7951 Winchester Road                    Memphis            TN
    87   Panama City Crossings, LLC                       845-855 East 23rd Street                Panama City        FL
    88   JNUPS1 LLC, JNUPS2 LLC, JNUPS3 LLC and           111 US Highway 301 South                Tampa              FL
         JNUPS4 LLC
    95   List Apopka, LLC                                 2823 West Orange Avenue                 Apopka             FL
   101   2 Saint Albans Circle Limited Liability          2-12 Saint Albans Avenue, 2 Saint       Newtown Square     PA
         Partnership                                      Albans Circle, 3610/3612 Chapel Road
   102   Immokalee Apartments, LLC                        601 West Delaware Avenue                Immokalee          FL
   108   Uptown University, LLC                           401-425 University Avenue               San Diego          CA
   109   Shoppes of Hunt Club, LLC                        510 Hunt Club Boulevard                 Apopka             FL
   116   RO Forest Park, L.L.C.                           12635 East Tidwell                      Houston            TX
   117   David A. Etchell LLC and Ann Campbell            925 - 949 East Lincoln Lane             Gardner            KS
         Etchell LLC

<CAPTION>

                                                                                                          Interest   Net Mortgage
Loan #    Zip Code   County          Property Name                                Size      Measure       Rate (%)   Interest Rate
------    --------   -------------   ------------------------------------------   -------   -----------   --------   -------------
<S>       <C>        <C>             <C>                                          <C>       <C>           <C>        <C>
     3    Various    Various         Prime Retail Outlets Portfolio                781184   Square Feet    5.79000         5.76900
  3.01       01238   Berkshire       Prime Outlets - Lee                           224607   Square Feet    5.79000
  3.02       29341   Cherokee        Prime Outlets - Gaffney                       302310   Square Feet    5.79000
  3.03       30701   Gordon          Prime Outlets - Calhoun                       254267   Square Feet    5.79000
     5    Various    Various         REPM Portfolio                               1623068   Square Feet    6.05700         6.03600
  5.01       32905   Brevard         2725, 2755 & 2690 Kirby Circle NE             231313   Square Feet    6.05700
  5.02       48326   Oakland         275 Rex Boulevard                             151200   Square Feet    6.05700
  5.03       01089   Hampden         11 Interstate Drive                           148000   Square Feet    6.05700
  5.04       15068   Westmoreland    115 Hunt Valley Drive                         200500   Square Feet    6.05700
  5.05       02703   Bristol         39 Perry Avenue                               456000   Square Feet    6.05700
  5.06       43228   Franklin        4051 Fondorf Drive                            151685   Square Feet    6.05700
  5.07       80112   Arapahoe        12876 East Adam Aircraft Circle                48790   Square Feet    6.05700
  5.08       67215   Sedgwick        3737 Midco Street                              73740   Square Feet    6.05700
  5.09       43040   Union           16940 Square Drive                            130044   Square Feet    6.05700
   5.1       89431   Washoe          1284 East Glendale Avenue                      31796   Square Feet    6.05700
     7    Various    Various         Lightstone Michigan Multifamily Portfolio       1947   Units          6.10000         6.07900
  7.01       48034   Oakland         The Lakes                                        434   Units          6.10000
  7.02       48083   Oakland         Canterbury Square                                336   Units          6.10000
  7.03       48073   Oakland         Woodland Gardens                                 337   Units          6.10000
  7.04       48312   Macomb          Kingsley                                         328   Units          6.10000
  7.05       48193   Wayne           Greentrees                                       288   Units          6.10000
  7.06       48183   Wayne           Southpointe Square                               224   Units          6.10000
     8       77060   Harris          City View Portfolio 1                           2712   Units          6.18000         6.15900
  8.01       77060   Harris          Biscayne                                         560   Units          6.18000
  8.02       77060   Harris          Breckenridge                                     509   Units          6.18000
  8.03       77060   Harris          CityView West                                    286   Units          6.18000
  8.04       77060   Harris          Crescent                                         282   Units          6.18000
  8.05       77060   Harris          Augusta                                          268   Units          6.18000
  8.06       77060   Harris          Amherst                                          310   Units          6.18000
  8.07       77060   Harris          Salado                                           318   Units          6.18000
  8.08       77060   Harris          Durham                                           179   Units          6.18000
    16       43228   Franklin        Avalon and River Oaks Apartments Portfolio       523   Units          6.22000         6.19900
 16.01       43228   Franklin        River Oaks Apartments                            288   Units          6.22000
 16.02       43228   Franklin        Avalon Apartments                                235   Units          6.22000
    18    Various    Various         24 Hour Fitness Portfolio                     103339   Square Feet    6.15000         6.12900
 18.01       97035   Washington      17942 Southwest McEwan                         66339   Square Feet    6.15000
 18.02       97209   Multnomah       1210 Northwest Johnson Street                  37000   Square Feet    6.15000
    19       75287   Denton          Marquis at Frankford Springs                     332   Units          6.30000         6.27900
    20       90007   Los Angeles     Texere Plaza                                   45540   Square Feet    6.22000         6.19900
    22       32256   Duval           Florida Coastal School of Law                 220000   Square Feet    6.33000         6.30900
    23       47201   Bartholomew     Fair Oaks Mall                                357176   Square Feet    6.63000         6.60900
    25       93906   Monterey        100 East Alvin Drive                          124935   Square Feet    6.20000         6.17900
    27       84119   Salt Lake       USDA - Salt Lake City                         117553   Square Feet    5.16000         5.13900
    30       90015   Los Angeles     American Garment Center                        40952   Square Feet    6.21000         6.18900
    33       63376   Saint Charles   Crossing at Mid Rivers                         93985   Square Feet    6.02000         5.99900
    34       92543   Riverside       Desert Palms MHP                                 408   Pads           6.11000         6.08900
    35       44103   Cuyahoga        Church Square                                 109547   Square Feet    6.52000         6.49900
    36       75252   Collin          PAJ-Waterview Plaza                           224034   Square Feet    5.87000         5.84900
    39       98053   King            Redmond Plaza                                  41058   Square Feet    6.10000         6.07900
    41       95370   Tuolumne        Sonora Plaza                                  131430   Square Feet    5.87000         5.84900
    43       90027   Los Angeles     5000 West Sunset Boulevard                     51970   Square Feet    6.16000         6.13900
    45       85021   Maricopa        19th Avenue and Northern Avenue                83064   Square Feet    6.02000         5.99900
    48       94538   Alameda         Crossroads Shopping Center                     36576   Square Feet    6.13000         6.10900
    49       93309   Kern            5080 California Avenue                         97808   Square Feet    6.22000         6.19900
    53       08003   Camden          Cherry Hill Executive Office Mews             109762   Square Feet    6.25000         6.22900
    55       75220   Dallas          Pecan Square Apartments                          440   Units          6.14000         6.11900
    56       10003   New York        81 East 3rd Street                                99   Beds           6.23000         6.20900
    57       54481   Portage         Sunrise Medical                               314528   Square Feet    6.26000         6.23900
    60       77035   Harris          Riverbank Apartments                             320   Units          5.73000         5.70900
    61       33442   Broward         Trail Plaza                                    81848   Square Feet    5.47000         5.44900
    63       10018   New York        222 West 37th Street                           49290   Square Feet    6.39000         6.36900
    65       85296   Maricopa        The Shops at Civic Center                      25681   Square Feet    6.46000         6.39900
    72       75220   Dallas          Bayou Bend Apartments                            308   Units          6.04000         6.01900
    73       92071   San Diego       Mission Creek                                  63987   Square Feet    6.28000         6.25900
    74       90048   Los Angeles     Beverly Robertson Design Plaza                 23747   Square Feet    6.05000         6.02900
    75       84058   Utah            Winchester Business Park                      148000   Square Feet    6.58000         6.55900
    77       10009   New York        151 East 3rd Street                               28   Units          5.85000         5.82900
    78       32814   Orange          Baldwin Park Village Center B-1                30848   Square Feet    6.09000         6.06900
    81       55025   Washington      Home Depot - Forest Lake                       95841   Square Feet    6.05000         6.02900
    82       44123   Cuyahoga        Lakeshore Plaza                                80375   Square Feet    6.41000         6.38900
    86       38125   Shelby          Sportsman's Warehouse                          49548   Square Feet    6.27000         6.24900
    87       32405   Bay             Panama City Crossing                           23912   Square Feet    6.22000         6.19900
    88       33619   Hillsborough    UPS Service Center                             98400   Square Feet    6.32000         6.29900
    95       32703   Orange          2823 West Orange Avenue                       109513   Square Feet    6.43000         6.40900
   101       19073   Delaware        St. Albans Square                              19680   Square Feet    6.34000         6.31900
   102       34142   Collier         Immokalee Apartments                             100   Units          5.97000         5.94900
   108       92103   San Diego       University Retail and Apartments                8655   Square Feet    6.27000         6.15900
   109       32703   Seminole        Shoppes of Hunt Club                            8439   Square Feet    6.18000         6.15900
   116       77044   Harris          Forest Park Apartments                           120   Units          6.41000         6.38900
   117       66030   Johnson         New Century Retail Plaza                       12064   Square Feet    6.09000         6.06900

<CAPTION>

                                                                                   Monthly
         Original      Cutoff               Rem.   Maturity/A   Amort.   Rem.      Debt      Servicing
Loan #   Balance       Balance       Term   Term   RD Date      Term     Amort.    Service   Fee Rate    Accrual Type   ARD (Y/N)
------   -----------   -----------   ----   ----   ----------   ------   ------    -------   ---------   ------------   ---------
<S>      <C>           <C>           <C>    <C>    <C>          <C>      <C>       <C>       <C>         <C>            <C>
     3   114,720,000   114,720,000    120    120   09/01/16        360      360    672,393               Actual/360     No
  3.01    53,920,000    53,920,000    120    120   09/01/16        360      360                                         No
  3.02    39,200,000    39,200,000    120    120   09/01/16        360      360                                         No
  3.03    21,600,000    21,600,000    120    120   09/01/16        360      360                                         No
     5    86,680,000    86,680,000    120    117   06/01/16        360      360    515,832               Actual/360     No
  5.01    15,600,000    15,600,000    120    117   06/01/16        360      360                                         No
  5.02    13,416,000    13,416,000    120    117   06/01/16        360      360                                         No
  5.03    11,360,000    11,360,000    120    117   06/01/16        360      360                                         No
  5.04     9,920,000     9,920,000    120    117   06/01/16        360      360                                         No
  5.05     8,752,000     8,752,000    120    117   06/01/16        360      360                                         No
  5.06     7,120,000     7,120,000    120    117   06/01/16        360      360                                         No
  5.07     6,800,000     6,800,000    120    117   06/01/16        360      360                                         No
  5.08     6,720,000     6,720,000    120    117   06/01/16        360      360                                         No
  5.09     5,200,000     5,200,000    120    117   06/01/16        360      360                                         No
   5.1     1,792,000     1,792,000    120    117   06/01/16        360      360                                         No
     7    80,000,000    80,000,000    120    118   07/01/16        360      360    484,796               Actual/360     No
  7.01    21,000,000    21,000,000    120    118   07/01/16        360      360                                         No
  7.02    16,035,000    16,035,000    120    118   07/01/16        360      360                                         No
  7.03    13,750,000    13,750,000    120    118   07/01/16        360      360                                         No
  7.04    12,985,000    12,985,000    120    118   07/01/16        360      360                                         No
  7.05     8,780,000     8,780,000    120    118   07/01/16        360      360                                         No
  7.06     7,450,000     7,450,000    120    118   07/01/16        360      360                                         No
     8    72,800,000    72,763,482    120    119   08/01/16        420      419    423,935               Actual/360     No
  8.01    14,895,930    14,888,458    120    119   08/01/16        420      419                                         No
  8.02    10,050,170    10,045,129    120    119   08/01/16        420      419                                         No
  8.03     9,747,310     9,742,421    120    119   08/01/16        420      419                                         No
  8.04     8,623,540     8,619,214    120    119   08/01/16        420      419                                         No
  8.05     8,113,460     8,109,390    120    119   08/01/16        420      419                                         No
  8.06     7,555,560     7,551,770    120    119   08/01/16        420      419                                         No
  8.07     7,446,000     7,442,265    120    119   08/01/16        420      419                                         No
  8.08     6,368,030     6,364,836    120    119   08/01/16        420      419                                         No
    16    28,390,000    28,390,000    120    117   06/01/16        360      360    174,249               Actual/360     No
 16.01    16,165,000    16,165,000    120    117   06/01/16        360      360                                         No
 16.02    12,225,000    12,225,000    120    117   06/01/16        360      360                                         No
    18    22,750,000    22,750,000    120    119   08/01/16        360      360    138,599               Actual/360     No
 18.01    14,000,000    14,000,000    120    119   08/01/16        360      360                                         No
 18.02     8,750,000     8,750,000    120    119   08/01/16        360      360                                         No
    19    21,400,000    21,400,000    120    118   07/01/16        360      360    132,460               Actual/360     No
    20    20,000,000    20,000,000    120    119   08/01/16        360      360    122,753               Actual/360     No
    22    17,625,000    17,625,000    120    120   09/01/16        300      300    117,140               Actual/360     No
    23    17,500,000    17,460,535    120    118   07/01/16        300      298    119,587               Actual/360     No
    25    17,000,000    16,979,142    120    119   08/01/16        300      299    111,619               Actual/360     No
    27    17,000,000    16,669,803     84     72   09/01/12        300      288    100,971               Actual/360     No
    30    15,400,000    15,387,931    120    119   08/01/16        360      359     94,420               Actual/360     No
    33    14,000,000    14,000,000    120    118   07/01/16        360      360     84,117               Actual/360     No
    34    14,000,000    13,977,400    120    118   07/01/16        360      358     84,930               Actual/360     No
    35    13,450,000    13,450,000    120    120   09/01/16        360      360     85,190               Actual/360     No
    36    13,500,000    13,328,634    120    114   03/01/16        240      234     95,708               Actual/360     No
    39    12,250,000    12,234,669    120    119   08/01/16        300      299     79,677               Actual/360     No
    41    10,850,000    10,850,000    120    115   04/01/16        360      360     64,147               Actual/360     No
    43    10,750,000    10,750,000    120    118   07/01/16        360      360     65,562               Actual/360     No
    45    10,500,000    10,500,000    120    118   07/01/16        360      360     63,088               Actual/360     No
    48     9,800,000     9,800,000    120    120   09/01/16        360      360     59,578               Actual/360     No
    49     9,800,000     9,775,187    120    117   06/01/16        360      357     60,149               Actual/360     No
    53     9,200,000     9,200,000    120    119   08/01/16        360      360     56,646               Actual/360     No
    55     9,050,000     9,050,000     60     55   04/01/11        360      360     55,077               Actual/360     No
    56     9,000,000     8,992,985    120    119   08/01/16        360      359     55,298               Actual/360     No
    57     8,960,000     8,960,000    120    119   08/01/16        360      360     55,227               Actual/360     No
    60     8,600,000     8,558,624    120    115   04/01/16        360      355     50,078               Actual/360     No
    61     8,500,000     8,483,832     90     76   01/01/13        360      358     48,102               Actual/360     No
    63     8,300,000     8,293,808    120    119   08/01/16        360      359     51,863               Actual/360     No
    65     7,750,000     7,750,000    120    120   09/01/16        360      360     48,782               Actual/360     No
    72     6,750,000     6,750,000     60     54   03/01/11        360      360     40,643               Actual/360     No
    73     6,500,000     6,500,000    120    118   07/01/16        360      360     40,149               Actual/360     No
    74     6,500,000     6,489,339    120    118   07/01/16        360      358     39,180               Actual/360     No
    75     6,415,000     6,415,000    120    118   07/01/16        360      360     40,885               Actual/360     No
    77     6,000,000     6,000,000    120    120   09/01/16        360      360     35,396               Actual/360     No
    78     6,000,000     6,000,000    120    120   09/01/16        360      360     36,321               Actual/360     No
    81     5,750,000     5,740,569    120    118   07/01/16        360      358     34,659               Actual/360     No
    82     5,550,000     5,550,000    120    118   07/01/16        360      360     34,752               Actual/360     No
    86     5,300,000     5,291,805    120    118   07/01/16        360      358     32,702               Actual/360     No
    87     5,080,000     5,080,000    120    119   08/01/16        360      360     31,179               Actual/360     No
    88     5,000,000     5,000,000    120    118   07/01/16          0        0     26,699               Actual/360     No
    95     4,200,000     4,200,000    120    120   09/01/16        300      300     28,175               Actual/360     No
   101     3,631,000     3,631,000    120    116   05/01/16        360      360     22,570               Actual/360     No
   102     3,400,000     3,367,462    120    110   11/01/15        360      350     20,319               Actual/360     No
   108     3,000,000     2,997,687    120    119   08/01/16        360      359     18,511               Actual/360     No
   109     2,850,000     2,847,748    120    119   08/01/16        360      359     17,418               Actual/360     No
   116     2,500,000     2,493,955    120    117   06/01/16        360      357     15,654               Actual/360     No
   117     2,023,000     2,014,033    120    115   04/01/16        360      355     12,246               Actual/360     No

<CAPTION>

         ARD Step                       Crossed   Originator/                                            Letter of
Loan #   Up (%)     Title Type          Loan      Loan Seller   Guarantor                                Credit
------   --------   -----------------   -------   -----------   --------------------------------------   -----------------------
<C>      <C>        <C>                 <C>       <C>           <C>                                      <C>
     3              Fee and Leasehold             CIBC          Prime Outlets Acquisition Company LLC    No
  3.01              Fee                           CIBC                                                   No
  3.02              Leasehold                     CIBC                                                   No
  3.03              Fee                           CIBC                                                   No
     5              Fee                           CIBC          Menashe Frankel, Yecheskel Frankel       No
  5.01              Fee                           CIBC                                                   No
  5.02              Fee                           CIBC                                                   No
  5.03              Fee                           CIBC                                                   No
  5.04              Fee                           CIBC                                                   No
  5.05              Fee                           CIBC                                                   No
  5.06              Fee                           CIBC                                                   No
  5.07              Fee                           CIBC                                                   No
  5.08              Fee                           CIBC                                                   No
  5.09              Fee                           CIBC                                                   No
   5.1              Fee                           CIBC                                                   No
     7              Fee                           CIBC          Lightstone Holdings LLC                  No
  7.01              Fee                           CIBC                                                   No
  7.02              Fee                           CIBC                                                   No
  7.03              Fee                           CIBC                                                   No
  7.04              Fee                           CIBC                                                   No
  7.05              Fee                           CIBC                                                   No
  7.06              Fee                           CIBC                                                   No
     8              Fee                           CIBC          Allen Gross                              No
  8.01              Fee                           CIBC                                                   No
  8.02              Fee                           CIBC                                                   No
  8.03              Fee                           CIBC                                                   No
  8.04              Fee                           CIBC                                                   No
  8.05              Fee                           CIBC                                                   No
  8.06              Fee                           CIBC                                                   No
  8.07              Fee                           CIBC                                                   No
  8.08              Fee                           CIBC                                                   No
    16              Fee                           CIBC          Pincus Rand, Joseph Sheena               No
 16.01              Fee                           CIBC                                                   No
 16.02              Fee                           CIBC                                                   No
    18              Fee                           CIBC          Dorn-Platz Properties, Inc.              No
 18.01              Fee                           CIBC                                                   No
 18.02              Fee                           CIBC                                                   No
    19              Fee                           CIBC          Donald G. Behunin, Joseph W. Plotnick,   No
                                                                Knaus Revocable Living Trust u/a
                                                                12/18/04, Bononzo Family Trust u/a
                                                                8/26/99, Brian T. and Amelia M.
                                                                Barlett, Brain D. and Mary Ann
                                                                Beitler, August T. and Karen R.
                                                                Carniglia, Neil C. and Wanda M.
                                                                McFall, The Knight Woodward Family
                                                                Living Trust, The Stanley C. Niemerski
                                                                Family Trust u/a dtd 2/17/92, The
                                                                Chris Steiner Trust u/a dtd 5/03/01,
                                                                A&E Hacienda, LLC, John S. Ray, Ronald
                                                                L. Kerwood, The Howard L. Hertz Trust
                                                                u/a dtd 5/13/96, Gina Sadowski, Juliet
                                                                Burnes, Donald A. Humphrey Revocable
                                                                Trust William C. Blatchley, Jr.
    20              Fee                           CIBC          Daryoush Dayan                           No
    22              Fee                           CIBC          Florida Coastal School of Law, Inc.      No
    23              Fee                           CIBC          Menashe Frankel, Yecheskel Frankel,      No
                                                                Fair Oaks Mall Acquisition, LLC
    25              Fee                           CIBC          C.W. Swenson, Inc.                       No
    27              Fee                           CIBC          NRFC NNN Holdings, LLC                   No
    30              Fee                           CIBC          Kamram Gharibian, Nouri Nehorai,         No
                                                                Hersel Rahbarbour
    33              Fee                           CIBC          Paul Daneshrad, Parham Farahnik          No
    34              Fee                           CIBC          Allen Alevy                              No
    35              Fee                           CIBC          Jeffrey Fields and Allison Fields        No
    36              Fee                           CIBC          Felix Y. Chen                            No
    39              Fee                           CIBC          Jeffrey K. Woodbury, Marc D. Wilson,     No
                                                                Scott W. Thornton
    41              Fee                           CIBC          Stephen B. Jaeger, Preston Cook          No
    43              Fee                           CIBC          Daryoush Dayan                           No
    45              Fee                           CIBC          David Benson, Daniel Shreeve, Daniel     No
                                                                Wardrop
    48              Fee                           CIBC          Calvin Phan, Jennica Nguyen              No
    49              Fee                           CIBC          Kevin P. Kaseff                          No
    53              Fee                           CIBC          RAIT Investment Trust                    No
    55              Fee                           CIBC          Barry S. Nussbaum                        No
    56              Fee                           CIBC          Abraham Lokshin, Naum Lokshin, Simon     No
                                                                Fouladian
    57              Fee                           CIBC          Raymond Levy, Daniel Levy                No
    60              Fee                           CIBC          Allen Gross                              No
    61              Fee                           CIBC          James L. Case                            No
    63              Fee                           CIBC          Demetrios James Elias                    No
    65              Fee                           CIBC          Stefan Boros                             No
    72              Fee                           CIBC          Barry S. Nussbaum                        No
    73              Fee                           CIBC          Kazuyo M. Nerio                          No
    74              Fee and Leasehold             CIBC          Moussa Shaaya, Houshang Shabani,         No
                                                                Hanina Mathalon
    75              Fee                           CIBC          Gary R. Brinton                          No
    77              Fee                           CIBC          Abraham Lokshin, Naum Lokshin            No
    78              Fee                           CIBC          Lee J. Maher, Charles Whittall           No
    81              Fee                           CIBC          John Callahan, Paul Green, Walter R.     No
                                                                Samuels, Charles Yassky
    82              Fee                           CIBC          Jeffrey Fields, Allison Fields           No
    86              Fee                           CIBC          Mark W. Lasher, Scott R. Lasher          No
    87              Fee                           CIBC          Myles H. Wilkinson, Todd H. Snyder       No
    88              Fee                           CIBC          Jacob Neiss                              No
    95              Fee                           CIBC          Herbert A. List, Jr.                     No
   101              Fee                           CIBC          Michael Spaeder, William Spaeder         No
   102              Fee                           CIBC          Andrew J. Niewiarowski, Jeffrey L.       No
                                                                Bernstein, Susan Wiemeler
   108              Fee                           CIBC          Farschin Samimi                          No
   109              Fee                           CIBC          Lee J. Maher, Charles Whittall           No
   116              Fee                           CIBC          Harry Bookey                             No
   117              Fee                           CIBC          David A. Etchell, Ann Campbell Etchell   No
<CAPTION>

                                                     UPFRONT ESCROW

         ----------------------------------------------------------------------------------------------------------
         Upfront         Upfront Eng.   Upfront          Upfront TI/LC   Upfront RE    Upfront Ins.   Upfront Other
Loan #   CapEx Reserve   Reserve        Envir. Reserve   Reserve         Tax Reserve   Reserve        Reserve
------   -------------   ------------   --------------   -------------   -----------   ------------   -------------
<S>      <C>             <C>            <C>              <C>             <C>           <C>            <C>
     3            0.00           0.00             0.00    1,972,481.00   1,042,469.42     76,529.97            0.00
  3.01
  3.02
  3.03
     5            0.00       2,500.00             0.00      500,000.00     56,171.91      56,651.59            0.00
  5.01
  5.02
  5.03
  5.04
  5.05
  5.06
  5.07
  5.08
  5.09
   5.1
     7            0.00   1,872,599.00             0.00            0.00    200,280.92      92,779.86    1,650,000.00
  7.01
  7.02
  7.03
  7.04
  7.05
  7.06
     8       45,200.00           0.00             0.00            0.00    921,987.30     604,323.89    1,650,000.00
  8.01
  8.02
  8.03
  8.04
  8.05
  8.06
  8.07
  8.08
    16            0.00           0.00             0.00            0.00          0.00      19,159.50            0.00
 16.01
 16.02
    18          861.16           0.00             0.00        2,083.33    111,879.72      10,188.83      152,297.95
 18.01
 18.02
    19        4,842.00           0.00             0.00            0.00    443,333.33      20,130.68      535,000.00
    20       30,000.00           0.00             0.00       60,000.00     68,654.50      17,932.25    1,000,000.00
    22        4,400.00           0.00             0.00            0.00    124,848.00      29,616.00
    23       10,834.00      38,750.00             0.00      416,667.00    136,666.67      54,780.00      445,000.00
    25            0.00           0.00             0.00            0.00     37,670.26       4,480.00            0.00
    27        1,959.00      26,500.00             0.00            0.00    189,686.00      12,586.67            0.00
    30          512.00           0.00             0.00        5,625.00    110,196.00       8,462.25            0.00
    33        1,175.00           0.00             0.00      508,712.00    124,830.75       4,978.75            0.00
    34        2,179.17           0.00             0.00            0.00     73,385.00      54,983.08      129,600.00
    35        2,465.00           0.00             0.00        4,167.00     18,306.56       5,129.83        8,083.33
    36        2,614.00           0.00             0.00        8,333.00     81,080.15      14,602.33            0.00
    39            0.00           0.00             0.00            0.00     32,669.00           0.00       17,430.00
    41        2,081.00           0.00             0.00        6,250.00     17,537.33      28,899.84            0.00
    43          860.00           0.00             0.00      100,000.00     42,597.10      11,098.08            0.00
    45       35,000.00           0.00             0.00      100,000.00     99,897.00      10,747.92      161,188.00
    48          457.00      32,325.00             0.00       37,917.00     60,859.75       5,374.00            0.00
    49        1,630.00           0.00             0.00        8,151.00     27,021.54      19,530.75            0.00
    53      250,000.00      29,125.00             0.00            0.00     24,120.00      28,861.50            0.00
    55      314,121.21           0.00             0.00            0.00    109,445.00      83,333.33            0.00
    56            0.00           0.00             0.00            0.00     70,552.59       4,339.01            0.00
    57            0.00           0.00             0.00        2,083.33          0.00           0.00            0.00
    60        6,667.00           0.00             0.00            0.00     62,347.50      86,666.67            0.00
    61        1,023.00           0.00             0.00      150,000.00    161,416.73      18,726.42      441,208.34
    63       13,732.00      44,858.00             0.00        4,167.00     57,614.00      74,369.75            0.00
    65          321.00           0.00             0.00        1,070.00     29,069.33       1,591.75      182,318.50
    72      162,663.46           0.00             0.00            0.00     61,687.11      84,541.25            0.00
    73      100,000.00       2,625.00             0.00            0.00     44,726.50       4,453.00            0.00
    74          395.75           0.00             0.00            0.00     17,884.42       6,514.50            0.00
    75        1,850.00     125,000.00             0.00        2,000.00     31,559.32       3,056.67      590,000.00
    77            0.00           0.00             0.00            0.00    105,853.67      13,076.07            0.00
    78          386.09           0.00             0.00       50,000.00     88,176.00       2,315.25       67,275.00
    81        1,186.00           0.00             0.00            0.00          0.00           0.00            0.00
    82      401,005.00           0.00             0.00        4,000.00     46,011.47       3,010.00            0.00
    86            0.00           0.00             0.00            0.00          0.00           0.00            0.00
    87          283.00           0.00             0.00            0.00     45,634.42       8,106.63       90,000.00
    88            0.00           0.00             0.00            0.00          0.00           0.00            0.00
    95          912.59      37,688.00             0.00            0.00          0.00           0.00            0.00
   101          248.75           0.00             0.00        2,746.42     14,826.10       1,939.00            0.00
   102        2,083.33           0.00             0.00            0.00      5,253.48      12,468.25            0.00
   108          337.17           0.00             0.00          720.41     22,633.82       3,759.50            0.00
   109          105.50           0.00             0.00       15,000.00     25,666.67       1,938.42            0.00
   116        2,500.00      67,813.00             0.00            0.00     46,763.08      31,465.88            0.00
   117          151.00           0.00             0.00          704.00      3,000.00       1,117.50       63,790.00

<CAPTION>

                                  MONTHLY ESCROW

         -------------------------------------------------------------------
         Monthly    Monthly                   Monthly     Monthly    Monthly
         Capex      Envir.    Monthly         RE Tax      Ins.       Other     Grace    Lockbox                           Defeasance
Loan #   Reserve    Reserve   TI/LC Reserve   Reserve     Reserve    Reserve   Period   In-place   Property Type          Permitted
------   --------   -------   -------------   ---------   --------   -------   ------   --------   --------------------   ----------
<S>      <C>        <C>       <C>             <C>         <C>        <C>       <C>      <C>        <C>                    <C>
     3    9764.83      0.00            0.00   138840.90   12754.99      0.00        7   No         Retail                 Yes
  3.01                                                                              7   No         Retail
  3.02                                                                              7   No         Retail
  3.03                                                                              7   No         Retail
     5    8115.00      0.00        12173.00     8024.56    7383.08      0.00        7   Yes        Industrial             Yes
  5.01                                                                              7   Yes        Industrial
  5.02                                                                              7   Yes        Industrial
  5.03                                                                              7   Yes        Industrial
  5.04                                                                              7   Yes        Industrial
  5.05                                                                              7   Yes        Industrial
  5.06                                                                              7   Yes        Industrial
  5.07                                                                              7   Yes        Industrial
  5.08                                                                              7   Yes        Industrial
  5.09                                                                              7   Yes        Industrial
   5.1                                                                              7   Yes        Industrial
     7   50854.02      0.00            0.00   200280.92   23194.97      0.00        7   No         Multifamily            Yes
  7.01                                                                              7   No         Multifamily
  7.02                                                                              7   No         Multifamily
  7.03                                                                              7   No         Multifamily
  7.04                                                                              7   No         Multifamily
  7.05                                                                              7   No         Multifamily
  7.06                                                                              7   No         Multifamily
     8   45200.00      0.00            0.00   102443.03   67501.86      0.00        7   No         Multifamily            Yes
  8.01                                                                              7   No         Multifamily
  8.02                                                                              7   No         Multifamily
  8.03                                                                              7   No         Multifamily
  8.04                                                                              7   No         Multifamily
  8.05                                                                              7   No         Multifamily
  8.06                                                                              7   No         Multifamily
  8.07                                                                              7   No         Multifamily
  8.08                                                                              7   No         Multifamily
    16    8717.00      0.00            0.00    61928.06    9579.75      0.00        7   No         Multifamily            Yes
 16.01                                                                              7   No         Multifamily
 16.02                                                                              7   No         Multifamily
    18     861.16      0.00         2083.33    10170.88    2888.83      0.00        7   No         Retail                 Yes
 18.01                                                                              7   No         Retail
 18.02                                                                              7   No         Retail
    19    4842.00      0.00            0.00    55416.67    6710.23      0.00        7   No         Multifamily            Yes
    20       0.00      0.00            0.00     8581.81    2561.75      0.00        7   No         Mixed Use              Yes
    22    4400.00      0.00            0.00    31212.00    6593.58      0.00        7   No         Office                 Yes
    23   10834.00      0.00        16667.00    34166.67    5478.00      0.00        7   No         Retail                 Yes
    25       0.00      0.00            0.00     6278.38     896.00      0.00        7   No         Office                 Yes
    27    1959.00      0.00            0.00    15807.17    2117.67      0.00        7   No         Office                 Yes
    30     512.00      0.00         5625.00    13774.50     940.25      0.00        7   No         Retail                 Yes
    33    1175.00      0.00            0.00    13870.08    1659.58      0.00        7   No         Retail                 Yes
    34    2179.17      0.00            0.00    14677.00    5494.42      0.00        7   No         Manufactured Housing   Yes
    35    2465.00      0.00         4167.00     4576.64    1648.83      0.00        7   No         Retail                 Yes
    36    2614.00      0.00         8333.00    20270.04    3650.58      0.00        7   No         Office                 Yes
    39       0.00      0.00            0.00     5444.83       0.00      0.00        7   No         Retail                 Yes
    41    2081.00      0.00         6250.00     8768.67    2329.25      0.00        7   No         Retail                 Yes
    43     860.00      0.00            0.00     6085.30    1008.92      0.00        7   No         Office                 Yes
    45       0.00      0.00            0.00    16649.50    1535.42      0.00        7   No         Retail                 Yes
    48     457.00      0.00         2917.00     8694.25    1791.33      0.00        7   No         Retail                 Yes
    49    1630.00      0.00         8151.00     6755.39    2170.08      0.00        7   No         Office                 Yes
    53    1831.43      0.00         6666.67    24120.00    3206.83      0.00        7   No         Office                 Yes
    55    8250.00      0.00            0.00    21889.00   10416.67      0.00        7   No         Multifamily            No
    56       0.00      0.00            0.00    23517.53    1295.09      0.00        7   No         Multifamily            Yes
    57       0.00      0.00         2083.33        0.00       0.00      0.00        7   No         Industrial             Yes
    60    6667.00      0.00            0.00    12469.50    6666.67      0.00        7   No         Multifamily            Yes
    61    1023.00      0.00            0.00    16141.67    3706.91      0.00        7   No         Retail                 Yes
    63    1232.00      0.00         4167.00    19204.67    5720.75      0.00        7   No         Office                 Yes
    65     321.00      0.00         1070.00     3633.67     530.58      0.00        7   No         Retail                 Yes
    72    6673.00      0.00            0.00    15421.78    5636.08      0.00        7   No         Multifamily            No
    73     799.83      0.00            0.00     8945.30     371.08      0.00        7   No         Retail                 Yes
    74     395.75      0.00            0.00     2554.92     723.83      0.00        7   No         Office                 Yes
    75    1850.00      0.00         2000.00     3155.93     764.17      0.00        7   No         Industrial             Yes
    77       0.00      0.00            0.00    26463.42    1174.98      0.00        7   No         Multifamily            Yes
    78     386.09      0.00         4167.00     7348.00     771.75      0.00        7   No         Office                 Yes
    81    1186.00      0.00            0.00        0.00       0.00      0.00        7   No         Retail                 Yes
    82    1005.00      0.00         4000.00     5751.43    1003.33      0.00        7   No         Retail                 Yes
    86       0.00      0.00            0.00        0.00       0.00      0.00        7   No         Retail                 Yes
    87     283.00      0.00            0.00     4148.58    2609.02      0.00        7   No         Retail                 Yes
    88       0.00      0.00            0.00        0.00       0.00      0.00        7   No         Office                 Yes
    95     912.59      0.00            0.00        0.00       0.00      0.00        7   No         Industrial             No
   101     248.75      0.00         3119.44     2121.40     484.75      0.00        7   No         Office                 Yes
   102    2083.33      0.00            0.00     2626.74    4156.08      0.00        7   No         Multifamily            Yes
   108     337.17      0.00          720.41     3772.30    1253.17      0.00        7   No         Mixed Use              Yes
   109     105.50      0.00         2500.00     2333.33     276.92      0.00        7   No         Retail                 Yes
   116    2500.00      0.00            0.00     6680.44    2262.36      0.00        7   No         Multifamily            Yes
   117     151.00      0.00          704.00     3000.00     223.50      0.00        7   No         Retail                 Yes

<CAPTION>

                    MONTHLY ESCROW

                                   Final      Remaining
         Interest          Loan    Maturity   Amortization Term
Loan #   Accrual Period    Group   Date       for Balloon Loans
------   --------------    -----   --------   -----------------
<S>      <C>               <C>     <C>        <C>
     3   Actual/360            1                            360
  3.01                         1                            360
  3.02                         1                            360
  3.03                         1                            360
     5   Actual/360            1                            360
  5.01                         1                            360
  5.02                         1                            360
  5.03                         1                            360
  5.04                         1                            360
  5.05                         1                            360
  5.06                         1                            360
  5.07                         1                            360
  5.08                         1                            360
  5.09                         1                            360
   5.1                         1                            360
     7   Actual/360            2                            360
  7.01                         2                            360
  7.02                         2                            360
  7.03                         2                            360
  7.04                         2                            360
  7.05                         2                            360
  7.06                         2                            360
     8   Actual/360            2                            420
  8.01                         2                            420
  8.02                         2                            420
  8.03                         2                            420
  8.04                         2                            420
  8.05                         2                            420
  8.06                         2                            420
  8.07                         2                            420
  8.08                         2                            420
    16   Actual/360            2                            360
 16.01                         2                            360
 16.02                         2                            360
    18   Actual/360            1                            360
 18.01                         1                            360
 18.02                         1                            360
    19   Actual/360            2                            360
    20   Actual/360            1                            360
    22   Actual/360            1                            300
    23   Actual/360            1                            300
    25   Actual/360            1                            300
    27   Actual/360            1                            300
    30   Actual/360            1                            360
    33   Actual/360            1                            360
    34   Actual/360            2                            360
    35   Actual/360            1                            360
    36   Actual/360            1                            240
    39   Actual/360            1                            300
    41   Actual/360            1                            360
    43   Actual/360            1                            360
    45   Actual/360            1                            360
    48   Actual/360            1                            360
    49   Actual/360            1                            360
    53   Actual/360            1                            360
    55   Actual/360            2                            360
    56   Actual/360            2                            360
    57   Actual/360            1                            360
    60   Actual/360            2                            360
    61   Actual/360            1                            360
    63   Actual/360            1                            360
    65   Actual/360            1                            360
    72   Actual/360            2                            360
    73   Actual/360            1                            360
    74   Actual/360            1                            360
    75   Actual/360            1                            360
    77   Actual/360            2                            360
    78   Actual/360            1                            360
    81   Actual/360            1                            360
    82   Actual/360            1                            360
    86   Actual/360            1                            360
    87   Actual/360            1                            360
    88   Actual/360            1
    95   Actual/360            1                            300
   101   Actual/360            1                            360
   102   Actual/360            2                            360
   108   Actual/360            1                            360
   109   Actual/360            1                            360
   116   Actual/360            2                            360
   117   Actual/360            1                            360
</TABLE>

<PAGE>

                                    EXHIBIT B

                  REPRESENTATIONS AND WARRANTIES OF THE SELLER

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

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

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

      (4) At the time of the assignment of the Mortgage Loans to the Purchaser,
the Seller had good and marketable title to and was the sole owner and holder
of, each Mortgage Loan, free and clear of any pledge, lien, encumbrance or
security interest (subject to certain agreements regarding servicing as provided
in the Pooling and Servicing Agreement, subservicing agreements permitted
thereunder and that certain Servicing Rights Purchase and Sale Agreement, dated
as of September 1, 2006, between Master Servicer and Seller) and such assignment
validly and effectively transfers and conveys all legal and beneficial ownership
of the Mortgage Loans to the Purchaser free and clear of any pledge, lien,
encumbrance or security interest (subject to certain agreements regarding
servicing as provided in the Pooling and Servicing Agreement, subservicing
agreements permitted thereunder and that certain Servicing Rights Purchase and
Sale Agreement, dated as of September 1, 2006, between Master Servicer and
Seller).

      (5) In respect of each Mortgage Loan, (A) in reliance on public documents
or certified copies of the incorporation or partnership or other entity
documents, as applicable, delivered in connection with the origination of such
Mortgage Loan, the related Mortgagor is an entity organized under the laws of a
state of the United States of America, the District of Columbia or the
Commonwealth of Puerto Rico and (B) as of the origination date, the Seller
(based on customary due diligence) had no knowledge, and since the origination
date, the Seller has no knowledge, that the related Mortgagor is a debtor in any
bankruptcy, receivership, conservatorship, reorganization, insolvency,
moratorium or similar proceeding; provided, that solely for purposes of this
Representation 5, the Seller's knowledge shall include the knowledge of any
servicer that has serviced the Mortgage Loan on behalf of the Seller. The
"knowledge" of any such Seller as it relates to the knowledge of any servicer
shall be deemed to be knowledge derived from the servicer by the Seller based on
a specific inquiry regarding bankruptcy, receivership, conservatorship,
reorganization, insolvency, moratorium and similar proceedings with respect to
the related Mortgagor.

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

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

      (8) The Seller has received an American Land Title Association (ALTA)
lender's title insurance policy or a comparable form of lender's title insurance
policy (or escrow instructions binding on the Title Insurer (as defined below)
and irrevocably obligating the Title Insurer to issue such title insurance
policy or a title policy commitment or pro-forma "marked up" at the closing of
the related Mortgage Loan and countersigned by the Title Insurer or its
authorized agent) as adopted in the applicable jurisdiction (the "Title
Insurance Policy"), which was issued by a nationally recognized title insurance
company (the "Title Insurer") qualified to do business in the jurisdiction where
the applicable Mortgaged Property is located (unless such jurisdiction is the
State of Iowa), covering the portion of each Mortgaged Property comprised of
real estate and insuring that the related Mortgage is a valid first lien in the
original principal amount of the related Mortgage Loan on the Mortgagor's fee
simple interest (or, if applicable, leasehold interest) in such Mortgaged
Property comprised of real estate, subject only to Permitted Encumbrances. Such
Title Insurance Policy was issued in connection with the origination of the
related Mortgage Loan. No claims have been made under such Title Insurance
Policy. Such Title Insurance Policy is in full force and effect and all premiums
thereon have been paid and will provide that the insured includes the owner of
the Mortgage Loan and its successors and/or assigns. No holder of the related
Mortgage has done, by act or omission, anything that would, and the Seller has
no actual knowledge of any other circumstance that would, impair the coverage
under such Title Insurance Policy. Such Title Insurance Policy contains no
exception regarding the encroachment upon any material easements of any material
permanent improvements located at the related Mortgaged Property for which the
grantee of such easement has the ability to force removal of such improvement,
or such Title Insurance Policy affirmatively insures (unless the related
Mortgaged Property is located in a jurisdiction where such affirmative insurance
is not available) against losses caused by forced removal of any material
permanent improvements on the related Mortgaged Property that encroach upon any
material easements.

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

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

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

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

      (d) The terms of the Mortgage Loans or the related Mortgage Loan
      documents, have not been altered, impaired, modified or waived in any
      material respect, except prior to the Cut-off Date by written instrument
      duly submitted for recordation, to the extent required, and as
      specifically set forth in the related Mortgage File and no such
      alterations, impairments, modifications, or waivers have been completed or
      consented to since August 1, 2006.

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

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

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

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

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

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

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

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

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

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

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

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

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

      (b) As of the origination date of such Mortgage Loan and to the Seller's
      actual knowledge, as of the Closing Date, there are no proceedings pending
      or, to the Seller's actual knowledge, threatened, for the partial or total
      condemnation of the relevant Mortgaged Property; provided, that solely for
      purposes of this Representation 19(b), the Seller's knowledge shall
      include the knowledge of any servicer that has serviced the Mortgage Loan
      on behalf of the Seller. The "knowledge" of any such Seller as it relates
      to the knowledge of any servicer shall be deemed to be knowledge derived
      from the servicer by the Seller based on a specific inquiry regarding
      condemnation of the relevant Mortgaged Property.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

      (22) As of the date of origination of the related Mortgage Loan, and, as
of the Closing Date, the Mortgaged Property is covered by insurance policies
providing the coverage described below and the Mortgage Loan documents permit
the mortgagee to require the coverage described below. All premiums with respect
to the Insurance Policies insuring each Mortgaged Property have been paid in a
timely manner or escrowed to the extent required by the Mortgage Loan documents,
and the Seller has not received any notice of cancellation or termination. The
relevant Servicing File contains the Insurance Policy required for such Mortgage
Loan or a certificate of insurance for such Insurance Policy. Each Mortgage
requires that the related Mortgaged Property and all improvements thereon are
covered by Insurance Policies or providing coverage for losses (subject to
customary deductibles) sustained by (A) fire and extended perils included within
the classification "All Risk of Physical Loss" in an amount sufficient to
prevent the Mortgagor from being deemed a co-insurer and to provide coverage in
an amount equal to the lesser of the full replacement cost of such Mortgaged
Property (in some cases exclusive of excavations, underground utilities,
foundations and footings) and the outstanding principal balance of the related
Mortgage Loan with an appropriate endorsement to avoid application of any
coinsurance provision; such policies contain a standard mortgage clause naming
mortgagee and its successor in interest as additional insureds or loss payee, as
applicable; (B) business interruption or rental loss insurance in an amount at
least equal to (a) 12 months of operations or (b) in some cases all rents and
other amounts customarily insured under this type of insurance of the Mortgaged
Property; (C) flood insurance (if any portion of the improvements on the
Mortgaged Property is located in an area identified by the Federal Emergency
Management Agency ("FEMA"), with respect to certain Mortgage Loans and the
Secretary of Housing and Urban Development with respect to other Mortgage Loans,
as having special flood hazards) in an amount not to exceed amounts prescribed
by FEMA; (D) workers' compensation, if required by law; (E) comprehensive
general liability insurance in an amount consistent with the standard utilized
by the Seller with respect to loans it holds for its own account, but not less
than $1 million; all such Insurance Policies contain clauses providing they are
not terminable and may not be terminated, without thirty (30) days prior written
notice to the mortgagee (except where applicable law requires a shorter period
or except for nonpayment of premiums, in which case not less than ten (10) days
prior written notice to the mortgagee is required). In addition, each Mortgage
permits the related mortgagee to make premium payments to prevent the
cancellation thereof and shall entitle such mortgagee to reimbursement therefor.
Any insurance proceeds in respect of a casualty loss or taking will be applied
either to the repair or restoration of all or part of the related Mortgaged
Property or the payment of the outstanding principal balance of the related
Mortgage Loan together with any accrued interest thereon. 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, such
Mortgaged Property is insured by windstorm insurance in an amount at least equal
to the lesser of (i) the outstanding principal balance of such Mortgage Loan and
(ii) 100% of the full insurable value, or 100% of the replacement cost, of the
improvements located on the related Mortgaged Property. The related Mortgaged
Property is insured by an Insurance Policy, issued by an insurer meeting the
requirements of such Mortgage Loan and having a claims-paying or financial
strength rating of at least "A-:VIII" from A.M. Best Company or "A-" (or the
equivalent) from Standard & Poor's Ratings Services, a division of The
McGraw-Hill Companies, Inc., Fitch, Inc. or Moody's Investors Service, Inc. An
architectural or engineering consultant has performed an analysis of each of the
Mortgaged Properties located in seismic zones 3 or 4 in order to evaluate the
structural and seismic condition of such property, for the sole purpose of
assessing the probable maximum loss ("PML") for the Mortgaged Property in the
event of an earthquake. In such instance, the PML was based on a 450 or 475 year
return period, an exposure period of 50 years and a 10% probability of
exceedence. If the resulting report concluded that the PML would exceed 20% of
the amount of the replacement costs of the improvements, earthquake insurance on
such Mortgaged Property was obtained by an insurer rated at least "A-:VIII" by
A.M. Best Company or "A-" (or the equivalent) from Standard & Poor's Ratings
Services, a division of The McGraw-Hill Companies, Inc., Fitch, Inc. or Moody's
Investors Service, Inc. To the Seller's actual knowledge, the insurer issuing
each of the foregoing insurance policies is qualified to write insurance in the
jurisdiction where the related Mortgaged Property is located.

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

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

      (25) The origination (or acquisition, as the case may be), servicing and
collection practices used by the Seller or, to the knowledge of the Seller, any
predecessor or prior servicer with respect to the Mortgage Loan, have been in
all material respects legal and have met customary industry standards.

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

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

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

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

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

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

      (32) The Mortgage Loans contain a "due on sale" clause, which provides for
the acceleration of the payment of the unpaid principal balance of the Mortgage
Loan if, without the prior written consent of the holder of the Mortgage Loan,
the property subject to the Mortgage, or any controlling interest therein, is
directly or indirectly transferred or sold (except that it may provide for
transfers by devise, descent or operation of law upon the death of a member,
manager, general partner or shareholder of a mortgagor and that it may provide
for assignments subject to the Mortgage Loan holder's approval of transferee,
transfers to affiliates, transfers to family members for estate planning
purposes, transfers among existing members, partners or shareholders in
Mortgagor or transfers of passive interests so long as the key principals or
general partner retains control). The Mortgage Loan documents contain a "due on
encumbrance" clause, which provides for the acceleration of the payment of the
unpaid principal balance of the Mortgage Loan if the property subject to the
Mortgage or any controlling interest in the Mortgagor is further pledged or
encumbered, unless the prior written consent of the holder of the Mortgage Loan
is obtained (except that it may provide for assignments subject to the Mortgage
Loan holder's approval of transferee, transfers to affiliates or transfers of
passive interests so long as the key principals or general partner retains
control). The Mortgage Loan documents require the Mortgagor to pay all
reasonable fees and expenses of the holder of the Mortgage associated with
assumptions or transfers of interest in connection with any repayment of the
Mortgage Loan on the related Mortgaged Property. As of the Closing Date, the
Seller holds no preferred equity interest in any Mortgagor and the Seller holds
no mezzanine debt related to such Mortgaged Property.

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

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

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

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

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

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

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

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

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

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

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

Defined Terms:

      The term "Allocated Loan Amount" shall mean, for each Mortgaged Property,
the portion of principal of the related Mortgage Loan allocated to such
Mortgaged Property for certain purposes (including determining the release
prices of properties, if permitted) under such Mortgage Loan as set forth in the
related loan documents. There can be no assurance, and it is unlikely, that the
Allocated Loan Amounts represent the current values of individual Mortgaged
Properties, the price at which an individual Mortgaged Property could be sold in
the future to a willing buyer or the replacement cost of the Mortgaged
Properties.

      The term "Anticipated Repayment Date" shall mean the date on which all or
substantially all of any Excess Cash Flow is required to be applied toward
prepayment of the related Mortgage Loan and on which any such Mortgage Loan
begins accruing Excess Interest.

      The term "ARD Loan" shall have the meaning assigned thereto in the Pooling
and Servicing Agreement.

      The term "Environmental Site Assessment" shall mean (x) a Phase I
environmental report meeting the requirements of the American Society for
Testing and Materials and being generally consistent with assessments of
environmental hazards undertaken by the Seller for similar properties, as of the
date of such assessment, and (y) if in accordance with customary industry
standards a reasonable lender would require it, a Phase II environmental report,
each report in clauses (x) and (y) prepared by an independent licensed third
party professional experienced in environmental matters.

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

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

      The term "in reliance on" shall mean that:

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

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

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

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

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

      The term "Permitted Encumbrances" shall mean:

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

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

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

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

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

      Other. For purposes of these representations and warranties, the term "to
the Seller's knowledge" shall mean that no officer, employee or agent of the
Seller responsible for the underwriting, origination or sale of the Mortgage
Loans or of any servicer responsible for servicing the Mortgage Loan on behalf
of the Seller, believes that a given representation or warranty is not true or
inaccurate based upon the Seller's reasonable inquiry and during the course of
such inquiry, no such officer, employee or agent of the Seller has obtained any
actual knowledge of any facts or circumstances that would cause such person to
believe that such representation or warranty was inaccurate. Furthermore, all
information contained in documents which are part of or required to be part of a
Mortgage File shall be deemed to be within the Seller's knowledge. For purposes
of these representations and warranties, the term "to the Seller's actual
knowledge" shall mean that a director, officer, employee or agent of the Seller
responsible for the underwriting, origination and sale of the Mortgage Loans
does not actually know of any facts or circumstances that would cause such
person to believe that such representation or warranty was inaccurate.
<PAGE>
                                   SCHEDULE I

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

None

<PAGE>
                                   SCHEDULE II

                          MORTGAGED PROPERTY FOR WHICH
                      ENVIRONMENTAL INSURANCE IS MAINTAINED

                          Loan No. 5 (REPM Portfolio)
<PAGE>
                                    EXHIBIT C

                                   EXCEPTIONS

   CIBC Inc. Exceptions to Representations and Warranties - JPMCC 2006-CIBC16

Rep. #

6.     Loan No. 75 (Winchester Business Park) - The Mortgaged Property also
       secures indebtedness in the amount of $410,000 (the "Winchester B Note"),
       which Winchester B Note was sold as of the closing date of the Mortgage
       Loan to CBA-Mezzanine Capital, LLC or an affiliate thereof. The
       Winchester B Note is secured by the Mortgage, and is subordinate to the
       Mortgage Loan being sold hereby pursuant to an Intercreditor Agreement, a
       copy of which is included in the Mortgage File. A failure to make a
       payment due under the Winchester B Note constitutes a default under this
       Mortgage Loan.

       Loan No. 35 (Church Square) - The Mortgaged Property also secures
       indebtedness in the amount of $2,812,176.20 evidenced by a note in favor
       of the City of Cleveland (the "City Note"). The City Note is secured by
       the Mortgage, and is pari passu in right of payment to the Mortgage Loan
       being sold hereby pursuant to an Intercreditor Agreement, a copy of which
       is included in the Mortgage File.

       Loan No. 78 (Baldwin Park Village Center B-1) - this property is part of
       a planned development in Orlando, Florida. The Declaration of Covenants,
       Conditions, Restrictions and Obligations ("Declaration") recorded against
       this parcel and all other parcels in "Baldwin Park Village" grants the
       initial Declarant (and its successors and assigns) the following rights:
       (a) a right of first refusal to purchase the property, (b) a right to
       re-purchase the property if, among other things, certain construction
       related defaults occur under the Declaration and (c) a right to compel
       the sale of a property if, among other things, certain construction
       related defaults occur under the Declaration; however, the Declaration
       provides that if Declarant exercises any of such rights under (a), (b) or
       (c) above, the consideration paid by the Declarant shall include, among
       other things, full repayment of all mortgages against the property
       together with all premiums and fees due under such mortgage.

       Loan No. 39 (Redmond Plaza) - If more than 50% of the Mortgaged Property
       becomes vacant, then the grocery store that is the shadow-anchor of the
       Mortgaged Property has the right to purchase the Mortgaged Property
       pursuant to a declaration of covenants; pursuant to an estoppel from the
       grocery store, this right has been subordinated to the Mortgage. The
       purchase price is the outstanding amount of any loan encumbering the
       Mortgaged Property together with all costs and expenses of the holder of
       the mortgage incurred in connection with such purchase.

7.     Loan Nos. 75, 35, 78 and 39 (Winchester Business Park, Church Square,
       Baldwin Park Village Center B-1 and Redmond Plaza) - See exceptions to
       Representation #6 above.

8.     Loan Nos. 75, 35, 78 and 39 (Winchester Business Park, Church Square,
       Baldwin Park Village Center B-1 and Redmond Plaza) - See exceptions to
       Representation #6 above.

10(a). Loan No. 19 (Marquis at Frankford Springs) - The related Mortgage Loan
       documents do not include a non-recourse carveout for "waste"; however,
       the documents do contain a non-recourse carveout for the following:
       Damage to the Mortgaged Property as a result of the intentional
       misconduct or gross negligence of Mortgagor or Indemnitor (as defined in
       the Mortgage Loan documents) or any holder of equity interests in
       Mortgagor or Indemnitor, or any person acting on behalf of, or at the
       direction of, Mortgagor or Indemnitor, or any removal of the Mortgaged
       Property in violation of the terms of the Mortgage Loan documents.

       Loan No. 81 (Home Depot - Forest Lake) - The Mortgagors for the Mortgage
       Loan include one Mortgagor that holds the fee interest in the related
       Mortgaged Property and one Mortgagor that holds the leasehold interest in
       the related Mortgaged Property pursuant to a ground lease with the
       Mortgagor that holds the fee interest. The Mortgagor holding the fee
       interest in the related Mortgaged Property, but not the Mortgagor holding
       the leasehold interest in the related Mortgaged Property, is liable for
       the non-recourse carveouts set forth in the related Mortgage Loan
       documents.

10(d)  Loan No. 22 (Florida Coastal School of Law) - The related Mortgage Loan
       documents were amended as of August 31, 2006 to reflect the completion of
       the construction of the related improvements; a copy of the instruments
       effecting such amendment are included in the related Mortgage File.

       Loan No. 33 (Crossing at Mid Rivers) - Certain tenant-in-common interests
       in the Mortgaged Property were transferred subsequent to August 1, 2006.
       In connection with such transfers, each new tenant-in-common assumed,
       jointly and severally, the obligations of the Mortgagor under the
       Mortgage Loan documents and a principal of each new tenant-in-common
       executed an indemnity and guaranty agreement with respect to certain
       non-recourse carveouts; a copy such loan assumption and indemnity
       agreements are included in the related Mortgage File.

       The following loans closed on or after August 1, 2006:

            Loan No. 3   (Prime Retail Outlets Portfolio)
            Loan No. 35 (Church Square)
            Loan No. 39 (Redmond Plaza)
            Loan No. 48 (Crossroads Shopping Center)
            Loan No. 65 (The Shops at Civic Center)
            Loan No. 77 (151 East 3rd Street)
            Loan No. 78 (Baldwin Park Village Center B-1)
            Loan No. 95 (addressStreet2823 West Orange Avenue)

12.    Loan No. 5 (REPM Portfolio) - The Mortgage Loan documents permit partial
       defeasance of an individual property (a "Parcel"). The amount defeased
       shall be the greatest of: (a) 120% of the Allocated Loan Amount with
       respect to such Parcel, (b) an amount such that, after giving effect to
       such partial defeasance and the concurrent partial defeasance of the
       Mezzanine Loan, the Debt Service Coverage Ratio for the Undefeased Note
       and Undefeased Mezzanine Note, based on income from the Remaining Parcel,
       shall be not less than the greater of (x) 1.10:1.00, and (y) the Debt
       Service Coverage Ratio for the Note and the Mezzanine Note, based on
       income from both the Release Parcel and the Remaining Parcel, determined
       immediately prior to the Partial Defeasance Date and (c) an amount such
       that, after giving effect to such partial defeasance and the concurrent
       partial defeasance of the Mezzanine Loan, the Loan-to-Value Ratio after
       the Partial Defeasance Date based on the aggregate principal indebtedness
       under the Undefeased Note and the Undefeased Mezzanine Note, shall be not
       greater than the lesser of (x) eighty-five percent (85%), and (y) the
       Loan-to-Value Ratio based on the aggregate principal indebtedness under
       this Note and the Mezzanine Note, from both the Release Parcel and the
       Remaining Parcel, determined immediately prior to the Partial Defeasance
       Date. Capitalized terms not defined in this paragraph shall have the
       meaning given to such terms in the Mortgage Note with respect to this
       Mortgage Loan.

       Loan No. 8 (City View Portfolio 1) - The Mortgage Loan documents permit
       partial defeasance of an individual property (a "Parcel"). The amount
       defeased shall be the greatest of: (a) 115% of the allocated loan amount
       with respect to such Parcel, (b) an amount such that, after giving effect
       to such partial defeasance, the DSCR for the Mortgage Loan, based on
       income from the remaining properties, shall be not less than the greater
       of (x) 1.25:1.00 and (y) the DSCR for the Mortgage Loan immediately prior
       to such partial defeasance and (c) an amount such that, after giving
       effect to such partial defeasance, the loan-to-value ratio of the
       Mortgage Loan shall be not greater than the lesser of (x) 80% and (y) the
       loan-to-value ratio of the Mortgage Loan determined immediately prior to
       such partial defeasance.

       Loan No. 8 (City View Portfolio 1) - The Mortgage Loan is secured by
       multiple properties. The related Mortgage Loan documents permit the sale
       of an individual property (a "Partial Assumption Property") to a third
       party buyer (a "Partial Assumption Buyer") and the partial assumption of
       the Mortgage Loan by the Partial Assumption Buyer upon the following
       terms and conditions: (a) the Partial Assumption Buyer is approved by the
       holder of the Mortgage (in accordance with the requirements for approval
       set forth in the related Mortgage), (b) the Mortgagor under the Mortgage
       Loan at the time of the sale of the Partial Assumption Property (the
       "Existing Borrower") obtains a "no-downgrade" confirmation from the
       rating agencies with respect to such sale and partial assumption, (c) the
       Mortgage Loan is severed into 2 loans, (i) one of which (the "Partial
       Assumption Loan") will be in an amount equal to the allocated loan amount
       of the Partial Assumption Property (the Partial Assumption Buyer will be
       the obligor under the Partial Assumption Loan) and (ii) the other of
       which (the "Remaining Property Loan") shall be in an amount equal to the
       principal balance of the original Mortgage Loan less the amount of the
       Partial Assumption Loan (the Existing Borrower will be the obligor under
       the Remaining Property Loan), and (d) the Partial Assumption Loan shall
       have a debt service coverage ratio of at least 1.30:1.0 and a loan to
       value of no more than 80%, and the Remaining Property Loan shall have a
       debt service coverage ratio of at least 1.25:1.0 (or if three or less
       properties constitute the remaining property, a debt service coverage
       ratio of at least 1.30:1.0) and a loan to value ratio of no more than
       80%; however, subject to the defeasance lockout period under the Mortgage
       Loan documents, a partial defeasance is permitted in order achieve the
       foregoing debt service coverage and loan to value ratios.

       Loan No. 3 (Prime Retail Outlets Portfolio) - The Mortgage Loan documents
       permit partial defeasance of an individual property (a "Parcel"). The
       amount defeased shall be the greater of: (a) 120% of the allocated loan
       amount with respect to such Parcel and (b) an amount such that, after
       giving effect to such partial defeasance, the DSCR for the Mortgage Loan,
       based on income from the remaining properties, shall be not less than the
       greater of (x) 1.30:1.00 and (y) the DSCR for the Mortgage Loan
       immediately prior to such partial defeasance.

19.    Loan Nos. 61 and 27 (Trail Plaza and USDA - Salt Lake City) - the
       engineering reports with respect to these Mortgaged Properties were not
       prepared within 12 months of the Closing Date.

20     Loan No. 3 (Prime Retail Outlets Portfolio) - Rep #20(g) - the Prime
       Outlets at Gaffney (South Carolina) property is subject to a ground lease
       that expires in 2025 (approximately 9 years beyond the stated maturity
       date of the Loan); however, the fee interest in this property is owned by
       Cherokee County, South Carolina as part of an economic development
       inducement and Mortgagor has an option to purchase the fee interest in
       this property at any time during the term of the ground lease for a price
       equal to unpaid balance of certain bonds (which are owned by Mortgagor
       and have been pledged to holder of the Mortgage Loan). The purchase price
       for the fee interest in this property just prior to lease expiration in
       2025 is $1.

21.    Loan Nos. 61 and 27 (Trail Plaza and USDA - Salt Lake City) - the
       Environmental Site Assessments with respect to these Mortgaged Properties
       were not prepared within 12 months of the Closing Date.

22.    Loan No. 7 (Lightstone Michigan Multifamily Portfolio) - The related
       Mortgagor maintains a $10 million flood insurance policy that provides
       for a deductible of $500,000. The principal of the Mortgagor has
       indemnified the holder of the Mortgage Loan against any loss arising by
       reason of this deductible. According to the financial statements provided
       to the Mortgage Loan Seller in connection with the closing of this
       Mortgage Loan, the net worth of this principal is in excess of $200
       million.

       Loan No. 30 (American Garment Center) -- The insurer providing property
       insurance coverage for the initial $800,000 portion of insured losses is
       rated "A-:VII" by A.M. Best Company.

       Loan No. 73 (Mission Creek) -- The property insurance coverage for a
       portion of this Property is maintained by the related Tenant, Kroger Co.
       (d/b/a Food4Less), rated BBB- by Standard & Poors, and this insurance
       coverage includes a $1 million self-insured retention by such Tenant.

       Loan No. 81 (Home Depot - Forest Lake) -- The property and liability
       insurance provided with respect to this Mortgage Loan is provided by the
       related Tenant, Home Depot U.S.A., Inc., rated AA by Standard & Poors,
       and includes a $1 million self-insured retention by such Tenant.

       Loan No. 88 (UPS Service Center) - The insurance carrier of the insurance
       policies, UPINSCO, is a subsidiary of UPS, the tenant of the related
       Mortgaged Property, but is not a rated company. Pursuant to the related
       mortgage loan documents, the indemnitor of the related Mortgage Loan
       indemnifies the holder of the Mortgage Loan for any shortage or
       difference in insurance proceeds paid under such policies and what would
       have been paid under policies issued by a carrier meeting the
       requirements in the related Mortgage Loan documents.

       Loan No. 109 (Shoppes of Hunt Club) - The related Mortgagor's "all risk"
       insurance policy does not include wind storm insurance. However, pursuant
       to the related Mortgage Loan documents the principals of the related
       Mortgagor indemnify the holder of the related Mortgage Loan against any
       loss or damage resulting from the failure of the related Mortgagor to
       obtain and maintain wind storm insurance in accordance with the insurance
       requirements of the holder of the related Mortgage Loan.

29.    Loan Nos. 3 and 7 (Prime Retail Outlets Portfolio and Lightstone Michigan
       Multifamily Portfolio) - the Mortgagors under these Mortgage Loans
       totaling approximately $215,000,000 are under common control.

32.    Loan Nos. 75 and 35 (Winchester Business Park and Church Square) - See
       exceptions to Representation #6 above.

       Loan No. 5 (REPM Portfolio) - Holders of direct or indirect equity
       interests in the Mortgagor have pledged their direct or indirect
       interests in the Mortgagor to secure a mezzanine loan (a "Mezzanine
       Loan"). In connection with such Mezzanine Loan, the Seller and the
       mezzanine lender entered into an intercreditor agreement, a copy of which
       is included in the related Mortgage File.

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

            Loan No. 3 (Prime Retail Outlets Portfolio)
            Loan No. 20 (Texere Plaza)
            Loan No. 23 (Fair Oaks Mall)
            Loan No. 39 (Redmond Plaza)
            Loan No. 41 (Sonora Plaza)
            Loan No. 43 (5000 West Sunset Boulevard)
            Loan No. 48 (Crossroads Shopping Center)
            Loan No. 63 (222 West 37th Street)

       Loan Nos. 33 and 19 (Crossing at Mid Rivers and Marquis at Frankford
       Springs) - The following applies to each of these Mortgage Loans: The
       Mortgage Loan documents permit the transfer of tenant-in common interests
       in the Mortgaged Property, subject to the requirements set forth in the
       Mortgage Loan documents with respect to such tenant-in-common interest
       transfers.

       Loan No. 22 (Florida Coastal School of Law) - Transfers of direct or
       indirect equity interests in Infilaw Corporation or any constituent
       entity of Infilaw Corporation shall not require the consent of Lender. In
       addition, the pledge of the stock in Florida Coastal School of Law, Inc.
       ("Florida Coastal") shall not require the consent of Lender, provided
       that (i) such pledge is to secure an operating debt facility of Florida
       Coastal, (ii) such operating debt facility is also secured by a pledge of
       (x) all or substantially all of the assets of Florida Coastal and (y)
       Florida Coastal's ownership interests in all or substantially all
       subsidiaries of Florida Coastal other than Florida Coastal's direct or
       indirect ownership interests in the Borrower and (iii) the lender under
       such operating debt facility and the beneficiary or holder of such pledge
       shall be a Qualified Holder (as defined in the Mortgage). In no event
       shall such operating debt facility be secured by the Property.

35.    Loan Nos. 5 and 3 (REPM Portfolio, City View Portfolio 1 and Prime Retail
       Outlets Portfolio) - See exceptions to Representation #12 above.

42.    Loan No. 5 (REPM Portfolio) - The Mortgage Loan documents provide that in
       the event terrorism insurance is not generally included within "all-risk"
       policies provided by insurers acceptable to the holder of the Mortgage
       Loan, Mortgagor will only be responsible for obtaining terrorism coverage
       to the extent available at an annual premium cost of one hundred fifty
       percent (150%) of the cost of the premium for the "all-risk" casualty
       insurance required under the Mortgage Loan documents (exclusive of
       terrorism coverage) during the first year of the Mortgage Loan.

       Loan No. 7 (Lightstone Michigan Multifamily Portfolio) - The Mortgage
       Loan documents provide that in the event the commercial property and
       business income insurance required under the Mortgage excludes perils of
       terrorism and acts of terrorism, then Mortgagor shall maintain a separate
       commercial property and business income insurance policy for loss
       resulting from perils and acts of terrorism on terms (including amounts,
       except as provided for below) consistent with those required under
       subsection 1.4 (a) and (f) of the Mortgage (a "Stand Alone Terrorism
       Insurance Policy") all times during the term of the Mortgage Loan;
       provided, that, Mortgagor shall not be required to maintain terrorism
       coverage for amounts in excess of the amount of coverage that, could be
       obtained under a Stand Alone Terrorism Insurance Policy upon the payment
       of an annual premium in an amount (the "Terrorism Insurance Cap") equal
       to two (2) times the actual premium then paid by Mortgagor to satisfy the
       requirements of section (a) and (b) for the commercial property and
       business income insurance for the Mortgaged Property.

       Loan No. 87 (Panama City Crossing) - The Mortgage Loan documents provide
       that in the event that terrorism insurance rates rise significantly or
       such coverage is not available with an all-risk policy, Mortgagor will
       only be responsible for obtaining terrorism coverage to the extent
       available at an annual cost of 150% of the cost of the then current
       premium for all-risk casualty insurance without terrorism coverage.

       Loan No. 57 (Sunrise Medical) - The excess umbrella insurance policy
       maintained on the related Mortgage Property does not include insurance
       for acts of terrorism.

<PAGE>

                                    EXHIBIT D

                          FORM OF OFFICER'S CERTIFICATE

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

1.    I have examined the Mortgage Loan Purchase Agreement, dated as of
      September 21, 2006 (the "Agreement"), between the Company and J.P. Morgan
      Chase Commercial Mortgage Securities Corp., and all of the representations
      and warranties of the Company under the Agreement are true and correct in
      all material respects on and as of the date hereof with the same force and
      effect as if made on and as of the date hereof.

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

3.    I have examined the information regarding the Mortgage Loans in each Free
      Writing Prospectus (as defined in the Indemnification Agreement), when
      read in conjunction with the other Time of Sale Information (as defined in
      the Indemnification Agreement), the Prospectus, dated September 12, 2006,
      as supplemented by the Prospectus Supplement, dated September 14, 2006
      (collectively, the "Prospectus"), relating to the offering of the Class
      A-1, Class A-2, Class A-3FL, Class A-3B, Class A-4, Class A-SB, Class
      A-1A, Class A-M, Class A-J, Class X-1, Class X-2, Class B, Class C and
      Class D Certificates, the Private Placement Memorandum, dated September
      14, 2006 (the "Privately Offered Certificate Private Placement
      Memorandum"), relating to the offering of the Class E, Class F, Class G,
      Class H, Class J, Class K, Class L, Class M, Class N, Class P and Class NR
      Certificates, and the Residual Private Placement Memorandum, dated
      September 14, 2006 (together with the Privately Offered Certificate
      Private Placement Memorandum, the "Private Placement Memoranda"), relating
      to the offering of the Class R and Class LR Certificates, and nothing has
      come to my attention that would lead me to believe that any Free Writing
      Prospectus, including any diskette attached thereto, when read in
      conjunction with the other Time of Sale Information, as of the Time of
      Sale (as defined in the Indemnification Agreement) or as of the date
      hereof, the Prospectus, as of the date of the Prospectus Supplement or as
      of the date hereof, or the Private Placement Memoranda, as of the date of
      the Private Placement Memoranda or as of the date hereof, included or
      includes any untrue statement of a material fact relating to the Mortgage
      Loans or in the case of any Free Writing Prospectus, when read in
      conjunction with the other Time of Sale Information, omitted or omits to
      state therein a material fact necessary in order to make the statements
      therein relating to the Mortgage Loans, in light of the circumstances
      under which they were made, not misleading.

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

<PAGE>

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

                                       By:_____________________________
                                          Name:
                                          Title:
<PAGE>

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