Document:

Exhibit 4.17

 

EXECUTION VERSION

 

 

PRIMARY SERVICING AGREEMENT

 

UBS Commercial Mortgage Trust 2018-C14,

 

Commercial Mortgage Pass-Through Certificates

 

Series 2018-C14

 

Dated as of December 1, 2018

 

By and Between

 

MIDLAND LOAN SERVICES, A DIVISION OF PNC
BANK, NATIONAL ASSOCIATION,

 

Master Servicer

 

and

 

BERKELEY POINT CAPITAL LLC D/B/A NEWMARK
KNIGHT FRANK

 

Primary Servicer

 

     

     

    

 

	TABLE OF CONTENTS
	 
	ARTICLE I.
	 	 	 
	DEFINITIONS	 	1
	 	 	 
	Section 1.01.	Defined Terms	1
	 
	ARTICLE II.
	 	 	 
	RETENTION AND AUTHORITY OF PRIMARY SERVICER	3
	 	 
	Section 2.01.	Servicing Standard; Commencement of Servicing Responsibilities	3
	 	 	 
	Section 2.02.	Sub-Subservicing	3
	 	 	 
	Section 2.03.	Authority of Primary Servicer	4
	 
	ARTICLE III.
	 	 	 
	SERVICES TO BE PERFORMED	5
	 	 
	Section 3.01.	Services as Primary Servicer	5
	 	 	 
	Section 3.02.	Portfolio Manager	9
	 	 	 
	Section 3.03.	Maintenance of Errors and Omissions and Fidelity Coverage	10
	 	 	 
	Section 3.04.	Delivery and Possession of Servicing Files	10
	 	 	 
	Section 3.05.	Annual Compliance Statements	10
	 	 	 
	Section 3.06.	Annual Reports on Assessment of Compliance with the Servicing Criteria 11
	 	 
	Section 3.07.	Annual Independent Public Accountants’ Attestation Report	12
	 	 	 
	Section 3.08.	Sarbanes-Oxley Certification	12
	 	 	 
	Section 3.09.	Delivery of Mortgage Loan Purchase Agreement	13
	 	 	 
	ARTICLE IV.
	 	 	 
	PRESERVATION OF THE REMICS	13
	 	 	 
	ARTICLE V.
	 	 	 
	PRIMARY SERVICER’S COMPENSATION AND EXPENSES	13
	 	 
	Section 5.01.	Primary Servicing Compensation	13
	 	 	 
	ARTICLE VI.
	 	 	 
	THE MASTER SERVICER AND THE PRIMARY SERVICER	15
	 	 
	Section 6.01.	Primary Servicer Not to Assign; Merger or Consolidation of the Primary Servicer	15

 

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	Section 6.02.	Liability and Indemnification of the Primary Servicer and the Master Servicer	15
	 	 	 
	Section 6.03.	Representations and Warranties	18
	 	 	 
	ARTICLE VII.
	 	 	 
	PRIMARY SERVICER TERMINATION EVENTS; TERMINATION	20
	 	 
	Section 7.01.	Primary Servicer Termination Events	20
	 	 	 
	Section 7.02.	Termination of Agreement	23
	 	 	 
	ARTICLE VIII.
	 	 	 
	MISCELLANEOUS PROVISIONS	24
	 	 
	Section 8.01.	Rating Agency Communications	24
	 	 	 
	Section 8.02.	Amendment	25
	 	 	 
	Section 8.03.	Governing Law; Submission to Jurisdiction; Waiver of Jury Trial	25
	 	 	 
	Section 8.04.	Notices	26
	 	 	 
	Section 8.05.	Consistency with PSA; Severability of Provisions	27
	 	 	 
	Section 8.06.	Inspection and Audit Rights	27
	 	 	 
	Section 8.07.	Protection of Confidential Information	27
	 	 	 
	Section 8.08.	Binding Effect; No Partnership; Counterparts	28
	 	 	 
	Section 8.09.	Third Party Beneficiaries	28
	 	 	 
	Section 8.10.	Article and Section Headings	28

 

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	LIST OF EXHIBITS
	 	 
	Schedule I	Mortgage Loan Schedule
	 	 
	Exhibit “A”	Day One Report
	 	 
	Exhibit “B”	Inspection Reports
	 	 
	Exhibit “C”	Quarterly Reports
	 	 
	Exhibit “D”	Remittance Reports
	 	 
	Exhibit “E”	Form of Mortgagee Clause for Insurance Policies
	 	 
	Exhibit “F”	Form of Quarterly Servicing Certification

 

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THIS PRIMARY SERVICING
AGREEMENT dated as of December 1, 2018 is between Midland Loan Services, a Division of PNC Bank, National Association (together
with its successors and assigns permitted under the PSA, the “Master Servicer” or “Midland”), and Berkeley
Point Capital LLC d/b/a Newmark Knight Frank (together with its successors and permitted assigns hereunder, the “Primary
Servicer”).

 

PRELIMINARY STATEMENT

 

Pursuant to the
Pooling and Servicing Agreement (the “PSA”) dated as of December 1, 2018, among UBS Commercial Mortgage Securitization
Corp., as Depositor, Midland, as Master Servicer, Rialto Capital Advisors, LLC, as Special Servicer, Wells Fargo Bank, National
Association, as Certificate Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset
Representations Reviewer, with respect to the UBS Commercial Mortgage Trust 2018-C14, Commercial Mortgage Pass-Through Certificates,
Series 2018-C14 (a copy of which has been delivered to the Primary Servicer), the Master Servicer shall be servicing any Mortgage
Loan on behalf of the Trust.

 

The Master Servicer
and the Primary Servicer desire to enter into an agreement whereby the Primary Servicer assumes and agrees to perform certain of
the Master Servicer’s servicing responsibilities with respect to any Mortgage Loan as more specifically set forth herein.

 

AGREEMENTS

 

NOW, THEREFORE,
in consideration of the recitals in the above Preliminary Statement which are made a contractual part hereof, and of the mutual
promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:

 

ARTICLE
I.

DEFINITIONS

 

Section
1.01.      Defined
Terms.

 

For purposes of
this Agreement, all capitalized terms not otherwise defined herein shall have the meanings set forth in the PSA, and the following
capitalized terms shall have the respective meanings set forth below.

 

“Accepted
Primary Servicing Practices”: As defined in Section 2.01 hereof.

 

“Additional
Primary Servicing Compensation”: As defined in Section 5.01 hereof.

 

“Agreement”:
This Primary Servicing Agreement, as the same may be amended or modified by the parties from time to time.

 

“CREFC®
Reporting Format”: The CREFC® Investor Reporting Package reporting and data format; provided, however, that if such
format is no longer applicable or in existence,

 

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then
such other commercial mortgage servicing industry standard reporting and data format reasonably approved by the Master Servicer.

 

“Day One
Report”: With respect to each of any Mortgage Loan, the report setting forth the Periodic Payment for the current month
and the amount of any unscheduled payments, Balloon Payments, Principal Prepayments, and Prepayment Premiums for which the Primary
Servicer has received notice, substantially in the form attached hereto as Exhibit “A”.

 

“Inspection
Reports”: The inspection reports substantially in the form attached hereto as Exhibit “B”.

 

“Losses”:
As defined in Section 6.02(b) hereof.

 

“Master
Servicer”: As defined in the first paragraph of this Agreement.

 

“Mortgage
Loan”: Any mortgage loan identified on the Mortgage Loan Schedule.

 

“Mortgage
Loan Schedule”: The schedule of certain mortgage loans that is annexed to the Primary Servicer’s signature page
included herewith, which schedule sets forth certain information with respect to such mortgage loans, including, without limitation,
the related Primary Servicing Fee Rate.

 

“Primary
Servicer”: As defined in the first paragraph of this Agreement.

 

“Primary
Servicer Accounts”: The segregated Collection Accounts and the segregated Servicing Accounts maintained by the Primary
Servicer hereunder in the name of the Primary Servicer in trust for the Master Servicer on behalf of the Trustee in trust for the
benefit of the Holders.

 

“Primary
Servicer Parties”: As defined in Section 6.02(a) hereof.

 

“Primary
Servicer Remittance Date”: With respect to any Determination Date, the Business Day immediately following such Determination
Date.

 

“Primary
Servicer Termination Event”: Any primary servicer termination event as set forth in Section 7.01 hereof.

 

“Primary
Servicing Fee”: With respect to each Mortgage Loan and for any Distribution Date, that portion of the Servicing Fee payable
by the Master Servicer to the Primary Servicer, which shall be an amount per calendar month equal to the product of the Primary
Servicing Fee Rate and the Stated Principal Balance of such Mortgage Loan, as determined on the same basis as for the calculation
of the Servicing Fee under the PSA.

 

“Primary
Servicing Fee Rate”: The per annum rate for each Mortgage Loan as set forth in the related Mortgage Loan Schedule.

 

“Primary
Servicing File”: With respect to each Mortgage Loan, all documents, information and records relating to such Mortgage
Loan that are necessary or appropriate to

 

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enable
the Primary Servicer to perform its obligations hereunder and any additional documents or information related thereto maintained
or created in any form by the Primary Servicer, including, without limitation, all analysis, working papers, inspections reports,
written communications with any Mortgagor, and all other information collected from or concerning any Mortgagor or the related
Mortgaged Property in the Primary Servicer’s possession.

 

“PSA”:
As defined in the above Preliminary Statement to this Agreement.

 

“Quarterly
Reports”: The quarterly reports and certifications substantially in the form attached hereto as Exhibit “C”.

 

“Quarterly
Servicing Certification”: The certification substantially in the form attached hereto as Exhibit “F”.

 

“Remittance
Reports”: The remittance reports substantially in the form attached hereto as Exhibit “D”.

 

“Responsible
Officer”: Any officer or employee of the Primary Servicer or the Master Servicer, as the case may be, involved in or
responsible for the administration, supervision or management of this Agreement and whose name and specimen signature appear on
a list prepared by each party and delivered to the other party, as such list may be amended from time to time by either party.

 

“Special
Servicer Decision”: As defined in the PSA.

 

ARTICLE
II.

RETENTION AND AUTHORITY OF PRIMARY SERVICER

 

Section
2.01.      Servicing
Standard; Commencement of Servicing Responsibilities.

 

The Master Servicer
hereby engages the Primary Servicer to perform, and the Primary Servicer hereby agrees to perform, servicing with respect to all
of any Mortgage Loan throughout the term of this Agreement, upon and subject to the terms, covenants and provisions hereof. The
Primary Servicer shall perform its services hereunder in accordance with (a) applicable laws, (b) the terms and provisions of any
Mortgage Loan, (c) the express terms hereof, the PSA, and with respect to any Companion Loan,
the related Intercreditor Agreement (if applicable), (d) subject to Section 2.03(b) hereof, the reasonable directions and
instructions of the Master Servicer (including, without limitation, the forms and report formats reasonably requested by the Master
Servicer) and (e) all requirements pertaining to the performance of such services under the PSA, including, without limitation,
the Servicing Standard. The above-described servicing standards are herein referred to as “Accepted Primary Servicing Practices.”

 

Section
2.02.      Sub-Subservicing.

 

To the extent necessary
for the Primary Servicer to comply with applicable laws, or if otherwise consented to by the Master Servicer, the Primary Servicer
may enter into any sub-subservicing agreement with a sub-subservicer that would permit such sub-subservicer to

 

 

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perform
any or all of the Primary Servicer’s servicing responsibilities under this Agreement.
Notwithstanding any sub-subservicing agreement, the Primary Servicer shall remain obligated and primarily liable to the
Master Servicer for the servicing and administering of any Mortgage Loan in accordance with the provisions of this Agreement without
diminution of such obligation or liability by virtue of such sub-subservicing agreement to the same extent and under the same
terms and conditions as if the Primary Servicer were servicing any Mortgage Loan alone. Any such sub-subservicing agreement must
be consistent with the provisions of Section 3.20 of the PSA.

 

Section
2.03.        Authority
of Primary Servicer.

 

(a)          Except as otherwise provided herein and subject to the terms of this Agreement and the Master Servicer’s limitations
of authority as Master Servicer under the PSA, in performing its obligations hereunder, the Primary Servicer shall have full power
and authority to take any and all actions in connection with such obligations that it deems necessary or appropriate; provided,
however, that the Primary Servicer shall not take any of the following actions with respect to any Mortgage Loan without obtaining
the prior written consent of the Master Servicer (which consent may be in the form of an asset business plan approved in writing
by the Master Servicer and shall be subject to the prior approval of the Special Servicer, any mezzanine loan lender, any AB Whole
Loan Controlling Holder, any Rating Agency or the Directing Certificateholder, if so required under the PSA, which approvals shall
be requested by the Master Servicer and upon receipt of all approvals by Master Servicer, Primary Servicer shall proceed to close
such transactions):

 

(i)             the modification, waiver or amendment, whether or not material, of or with respect to any Mortgage Loan, including, without
limitation, any forgiveness of principal, any change in the amount or timing of any payment of principal or interest, maturity,
extension rights or prepayment provisions or the substitution, release or addition of any collateral for any Mortgage Loan or relate
to any waiver of or granting of consent under a “due-on-sale” or “due-on-encumbrance” clause;

 

(ii)            the granting or withholding of consent to any transfer of ownership of a Mortgaged Property or any transfer of any interest
of an owner of a Mortgaged Property and entering into any assumption agreement in connection therewith;

 

(iii)           the granting or withholding of consent to any request for approval to place subordinate financing on a Mortgaged Property;

 

(iv)           the determination of whether or not to release proceeds of condemnation or casualty insurance to the Mortgagor under any
Mortgage Loan;

 

(v)            the waiver of any Penalty Charge or Prepayment Premium under any Mortgage Loan;

 

(vi)           the waiver of any late Penalty Charges in connection with any delinquent scheduled payment or Balloon Payment with respect
to any Mortgage Loan;

 

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(vii)          any action to initiate, prosecute and manage foreclosure proceedings and other legal proceedings related thereto in connection
with any Mortgage Loan;

 

(viii)        
the permitting of or modification of a Mortgage Loan to permit a Principal Prepayment of a Mortgage Loan on a date other
than its Due Date;

 

(ix)           any action requiring the consent of, or consultation with, the Master Servicer, the Directing Certificateholder, any AB
Whole Loan Controlling Holder, any Companion Holder, the 17g-5 Information Provider, any Risk Retention Consultation Party, the
Trustee, the Certificate Administrator, the Asset Representations Reviewer, the Operating Advisor, any party under an Other Pooling
and Servicing Agreement or the Special Servicer under the PSA;

 

(x)            the granting or withholding consent to any request for defeasance of any Mortgage Loan;

 

(xi)           the granting of any consent, approval or direction regarding the termination of (a) the related property manager or the
designation of any replacement property manager or (b) with respect to a hospitality property, the franchise or the designation
of a new franchise;

 

(xii)         
the authorizing of any Servicing Transfer Event under PSA Section 3.19 and as defined in the definition of Servicing Transfer
Event; provided, however, that if the Primary Servicer determines that a Servicing Transfer Event should occur, the Primary Servicer
shall immediately provide to the Master Servicer notice of such event along with the Primary Servicer’s recommendation and
supporting documentation and further provide to the Master Servicer additional information as the Master Servicer reasonably requests;
or

 

(xiii)        
any Major Decision or Special Servicer Decision.

 

(b)          Regardless of whether the consent or approval of the Master Servicer is required pursuant to this Agreement, the Primary
Servicer shall take any action that is directed by the Master Servicer which relates to the Primary Servicer’s obligations
under this Agreement; provided, however, that the Primary Servicer shall not be obligated to take any such action to the extent
that the Primary Servicer determines in its reasonable discretion that such action may cause (i) a violation of applicable laws,
court orders or restrictive covenants with respect to any Mortgage Loan or Mortgaged Property or (ii) a violation of any term or
provision of a Mortgage Loan.

 

ARTICLE
III.

SERVICES TO BE PERFORMED

 

Section
3.01.        
Services as Primary Servicer.

 

With respect to
each Mortgage Loan subject to this Agreement, the Primary Servicer shall, in accordance with Accepted Primary Servicing Practices
and subject to the supervision

 

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of
the Primary Servicer by the Master Servicer, perform the following servicing activities on behalf of the Master Servicer:

 

(a)          the Primary Servicer shall perform the duties and obligations of the Master Servicer as the Master Servicer under PSA Sections
2.01(d), (g) and (i) (conveyance of mortgage loans); 2.02(d), (g) and (h) (15Ga-1 notices); 2.03(b), (d), (f), (g), and (j)–(o)
(repurchase and substitution of loans); 3.01 (general servicing), 3.02 (collections); 3.03 (taxes and insurance; escrows; servicing
accounts); 3.04 (collection account); 3.06 (investment of funds); 3.07 (insurance); 3.08 (due-on sale/encumbrance enforcement;
assumptions); 3.10 (release of files); 3.12 (inspections; reports and covenant testing); 3.13 (access); 3.17 (additional obligations);
3.18 (defeasances and modifications); 3.19 (servicing transfers); 3.22 (Directing Certificateholder contact); 3.24 (intercreditor
agreements); 3.29 (non-serviced loans and serviced companion loans); 3.32 (litigation control); 10.01 (REMIC administration); 10.03(b)
(REMIC cooperation); Article XI (Exchange Act reporting and Regulation AB compliance) and Article XII (asset representations reviewer
file review compliance); provided, however, that:

 

(i)             no Primary Servicer shall have any obligation to make Advances, provided that the Primary Servicer shall promptly notify
the Master Servicer in the event any Advance is required to be made or an expense of the Trust Fund is required to be incurred;

 

(ii)            Section 5.01 hereof shall control with respect to which fees or charges the Primary Servicer may retain under PSA Sections
3.05 and 3.11;

 

(iii)           PSA Section 3.06 shall only be applicable with respect to the Primary Servicer Accounts;

 

(iv)           any reports, certifications and other documentation which are required to be provided by the Master Servicer to the Trustee,
the Certificate Administrator, the Depositor, the Directing Certificateholder, any AB Whole Loan Controlling Holder, any Rating
Agency, the 17g-5 Information Provider, any Mortgage Loan Seller, the Operating Advisor, the Asset Representations Reviewer, the
Special Servicer, any Risk Retention Consultation Party or any party to an Other Pooling and Servicing Agreement shall be provided
by the Primary Servicer to the Master Servicer or as otherwise directed by the Master Servicer;

 

(v)            the Primary Servicer shall not be responsible for any mortgage loan pool-wide reporting, including, without limitation,
preparing, signing and filing with the appropriate Person any reports, statements and information under PSA Section 4.02;

 

(vi)           except as otherwise provided for in this Agreement and for so long as the Primary Servicer is an affiliate of the applicable
Mortgage Loan Seller, the Primary Servicer shall not be responsible for enforcing the obligations of such Mortgage Loan Seller
under Section 5 of the applicable Mortgage Loan Purchase Agreement as provided for in the first paragraph of Section 2.03(f) of
the PSA, but if Primary Servicer is not an affiliate of the applicable Mortgage Loan Seller,

 

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then the Primary Servicer shall perform
all duties and obligations required under Section 2.03(f) of the PSA; and

 

(vii)          subject to Section 2.03(a)(xiii), the Primary Servicer shall not take any actions under and shall immediately forward to
the Master Servicer any request which would qualify as a Major Decision or Special Servicer Decision and provide written notice
to the Master Servicer of issues arising with respect to Major Decisions and Special Servicer Decisions;

 

(b)          the Primary Servicer shall promptly notify the Master Servicer in writing upon discovery or receipt of notice by the Primary
Servicer of the occurrence of any event that causes, or with notice or the passage of time or both, would cause any Mortgage Loan
to become a Specially Serviced Loan in accordance with the definition of “Specially Serviced Loan” set forth in the
PSA;

 

(c)          the Primary Servicer shall promptly advise the Master Servicer of all material collection and customer service issues and
furnish the Master Servicer with copies of all written communications regarding such issues between the Primary Servicer and any
Mortgagor or any third party in connection with the Primary Servicer’s obligations hereunder;

 

(d)          on or before 12:00 noon Central Time on each Primary Servicer Remittance Date, the Primary Servicer shall deliver to the
Master Servicer the Remittance Reports which reflect activity with respect to any Mortgage Loan through and including the close
of business on the date which is the Determination Date; and the Primary Servicer shall, to the extent necessary, deliver to the
Master Servicer a follow-up report in similar format which reflects additional activity with respect to any Mortgage Loan through
and including the date of any follow-up remittance;

 

(e)          on or before 12:00 noon Central Time on each Primary Servicer Remittance Date, the Primary Servicer shall remit to the Master
Servicer, pursuant to wiring instructions from the Master Servicer, all amounts on deposit in the Collection Account maintained
by the Primary Servicer as of the close of business on the date which is one (1) Business Day prior to such Primary Servicer Remittance
Date; and the Primary Servicer shall remit to the Master Servicer within one (1) Business Day after receipt, any payments received
by the Primary Servicer after such initial remittance; and each of the foregoing remittances of funds may be net of any Primary
Servicing Fees due and payable to the Primary Servicer as payments in the nature of Additional Primary Servicing Compensation;

 

(f)           the Primary Servicer shall remit to the Master Servicer, pursuant to wiring instructions from the Master Servicer, any whole
or partial Balloon Payments, unscheduled payments, Principal Prepayments or any Prepayment Premium and any interest thereon within
one (1) Business Day after receipt; and on the date of such remittance, the Primary Servicer shall deliver to the Master Servicer
the Remittance Reports relating to such remittance;

 

(g)          on a quarterly and annual basis each year, the Primary Servicer shall prepare and deliver to the Master Servicer on or before
the date that is fifteen (15) days after the end of the respective quarter, the Quarterly Reports;

 

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(h)          on a quarterly and annual basis each year, the Primary Servicer shall determine and analyze financial ratios and perform
other financial analysis required under the CREFC® Reporting Format and on or before the date that is thirty (30) days after
receipt of the related financial statements, prepare and deliver to the Master Servicer a report summarizing such analysis based
upon the property operating statements with respect to the related Mortgaged Property and the financial statements of the related
Mortgagor and each related guarantor collected by the Primary Servicer pursuant to PSA Section 3.12, which report shall be provided
in electronic format and shall be substantially in the form of the CREFC® Financial File included in the CREFC® Reporting
Format (or in such other reporting format as reasonably requested by the Master Servicer);

 

(i)           the Primary Servicer shall prepare and deliver to the Master Servicer within thirty (30) days of any property inspection,
the Inspection Reports summarizing the results of any property inspections performed by the Primary Servicer pursuant to PSA Section
3.12;

 

(j)           the Primary Servicer shall prepare and deliver to the Master Servicer the Day One Report on the first Business Day of each
calendar month;

 

(k)          the Primary Servicer shall provide the Master Servicer with such reports and other information (in the Primary Servicer’s
possession or to the extent readily obtainable and as reasonably requested by the Master Servicer) with respect to the servicing
of any Mortgage Loan by the Primary Servicer hereunder in order for the Master Servicer to perform its duties under the PSA;

 

(l)           the Primary Servicer shall (i) notify the Master Servicer in writing within five (5) Business Days after the Primary Servicer
discovers or receives notice alleging a Defect or a Breach or receives a 15Ga-1 Repurchase Request, a withdrawal of a 15Ga-1 Repurchase
Request or a rejection of a 15Ga-1 Repurchase Request, (ii) promptly provide to the Master Servicer a copy of any 15Ga-1 Repurchase
Request, a withdrawal of a 15Ga-1 Repurchase Request or a rejection of a 15Ga-1 Repurchase Request received by the Primary Servicer;

 

(m)         the Primary Servicer shall not prepare and/or provide any CREFC® Schedule AL File
or any Schedule AL Additional File; provided, however, the Primary Servicer shall (i) promptly provide to the Master Servicer any
documentation in the Primary Servicer’s possession reasonably requested by the Master Servicer in connection with the Master
Servicer’s preparation and compilation of any CREFC® Schedule AL File or any Schedule AL Additional File and (ii) cooperate
with the Master Servicer in connection with the Master Servicer’s preparation and compilation of any CREFC® Schedule AL File
or any Schedule AL Additional File;

 

(n)          with respect to letters of credit, if any, as the Master Servicer is required to hold original letters of credit under the
PSA, the Primary Servicer shall hold such original letters of credit if the Primary Servicer has (i) a vault or other adequate
safety procedures in place satisfactory to the Master Servicer, in its sole discretion, or (ii) outsourced such responsibility
to a third party vendor, which vendor shall be satisfactory to the Master Servicer, who has a vault or other adequate safety procedures
in place satisfactory to the Master Servicer, in its sole discretion;

 

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(o)          if the Master Servicer notifies the Primary Servicer or the Primary Servicer otherwise obtains knowledge that a Mortgage
Loan has become an Excluded Controlling Class Loan under the PSA, then the Primary Servicer (prior to delivering any Excluded Information
to the Master Servicer) shall mark or label such information as “Excluded Information” and comply with all the requirements
set forth in the PSA with respect to such Excluded Controlling Class Loan;

 

(p)          with respect to any request for materials by the Asset Representations Reviewer or a related Other Asset Representations
Reviewer pursuant to PSA Article XII regarding any Mortgage Loan, the Primary Servicer shall (i) promptly provide to the Master
Servicer any documentation in the Primary Servicer’s possession reasonably requested by the Master Servicer and (ii) cooperate
with the Master Servicer in order for the Master Servicer to comply with its related obligations under the PSA;

 

(q)          to the extent that Primary Servicer is named in any Trust-Related Litigation relating to the Mortgage Loans, Primary Servicer
shall use best efforts to transfer, in accordance with Section 3.32 of the PSA, such Trust-Related Litigation to the Master Servicer
or the Special Servicer to handle and any such Trust-Related Litigation matter will be subject to the Litigation Control provisions
set forth in Section 3.32 of the PSA. If the Primary Servicer using best efforts is not able to transfer such Trust-Related Litigation,
then the Primary Servicer shall handle such Trust-Related Litigation in accordance with Section 3.32. The Primary Servicer shall
cooperate with the Master Servicer with respect to any Trust-Related Litigation under Section 3.32 of the PSA and prepare and provide
the Master Servicer with any reports and/or other documentation contemplated under Section 3.32 of the PSA all in accordance with
the provisions of Section 3.32 of the PSA;

 

(r)           the Primary Servicer shall deliver to the Master Servicer by mutually agreeable electronic means, on a quarterly basis starting
for the quarter ending December of 2018, within twenty-five (25) days of the end of such quarter, the Quarterly Servicing Certification
in the form of Exhibit F attached hereto; and

 

(s)          with respect to all servicing responsibilities of the Master Servicer under the PSA which are not being performed by the
Primary Servicer hereunder, the Primary Servicer shall (i) reasonably cooperate with the Master Servicer to facilitate the timely
performance of such servicing responsibilities, (ii) promptly provide to the Master Servicer any documentation in the Primary Servicer’s
possession reasonably requested by the Master Servicer and (iii) cooperate with the Master Servicer in order for the Master Servicer
to comply with its related obligations under the PSA.

 

Section
3.02.       
Portfolio Manager.

 

(a)          The Primary Servicer shall designate a portfolio manager and other appropriate personnel to receive documents and communications
from the Master Servicer and to provide assistance to the Master Servicer consistent with the Master Servicer’s supervisory
authority over the Primary Servicer hereunder.

 

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(b)          The Master Servicer shall designate a portfolio manager and other appropriate personnel to receive documents and communications
from the Primary Servicer and to provide to the Primary Servicer information, materials and correspondence relating to any Mortgage
Loan and the related Mortgagors which may be necessary or appropriate to enable the Primary Servicer to perform its obligations
hereunder.

 

Section
3.03.        
Maintenance of Errors and Omissions and Fidelity Coverage.

 

(a)           The mortgagee clause to be used in maintaining any property-level insurance required under Section 3.07 of the PSA shall
be as set forth in Exhibit E hereto, which may be amended from time-to-time by the Master Servicer.

 

(b)           The Primary Servicer shall obtain and maintain at its own expense, and keep in full force and effect throughout the term
of this Agreement, a fidelity bond and an errors and omissions insurance policy covering the Primary Servicer’s officers
and employees acting on behalf of the Primary Servicer in connection with its activities under this Agreement in form and amount
which satisfies the fidelity bond and errors and omissions insurance policy requirements under PSA Section 3.07(c). The Primary
Servicer shall cause to be delivered to the Master Servicer from time to time upon the Master Servicer’s request a certificate
of insurance or other evidence of such bond and insurance. The Primary Servicer shall promptly notify or cause its insurer to notify
the Master Servicer of any material change to such fidelity bond or errors and omissions insurance.

 

Section
3.04.         Delivery
and Possession of Servicing Files.

 

The Primary Servicer
hereby acknowledges receipt of the Primary Servicing Files. The contents of each Primary Servicing File delivered to the Primary
Servicer are and shall be held in trust by the Primary Servicer for the benefit of the Trust Fund as the owner thereof; the Primary
Servicer’s possession of the contents of the Primary Servicing File so delivered is for the sole purpose of servicing the
related Mortgage Loan; and such possession by the Primary Servicer shall be in a custodial capacity only. The Primary Servicer
shall release its custody of the contents of the Primary Servicing File only in accordance with written instructions from the Master
Servicer, and upon request of the Master Servicer, the Primary Servicer shall deliver to the Master Servicer the Primary Servicing
File or a copy of any document contained therein.

 

Section
3.05.        
Annual Compliance Statements.

 

(a)           The Primary Servicer shall, on or before the fifth (5th) Business Day preceding March 1st of each
year, commencing February 22, 2019, deliver to the Master Servicer an Officer’s Certificate in a form that satisfies the
requirements of Section 11.09 of the PSA (or such other form, similar in substance, as may be acceptable to the Depositor and
the Master Servicer) stating, as to the signer thereof, that (i) a review of such Primary Servicer’s activities during
the preceding calendar year or portion thereof and of such Primary Servicer’s performance under this Agreement has been
made under such officer’s supervision and (ii) to the best of such officer’s knowledge, based on such review,
such Primary Servicer has fulfilled all its obligations under this Agreement in all material respects throughout such year or
portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, 

 

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specifying
each such failure known to such officer and the nature and status thereof. Such Officer’s Certificate shall be provided
in EDGAR-Compatible Format, or in such other format agreed upon by the Master Servicer and Primary Servicer. Primary Servicer
shall cooperate with the Master Servicer and/or the Depositor if either party consults with the Primary Servicer as to the nature
of any failures by the Primary Servicer with respect to any Mortgage Loan in the fulfillment of any of the Primary Servicer’s
obligations hereunder. In any year that the Primary Servicer has received written confirmation from the Depositor (or,
in the case of an Other Securitization, the related Other Depositor) or the Master Servicer that a report on Form 10-K
is not required to be filed in respect of the Trust (or, if applicable, the trust for any
Other Securitization) for the preceding calendar year, the Primary Servicer shall not be required to deliver such statement
until April 1 of such year.

 

(b)          In the event the Primary Servicer is terminated or resigns pursuant to the terms of this Agreement, Primary Servicer shall
provide an annual statement of compliance pursuant to this Section 3.05 with respect to the period of time that Primary Servicer
was subject to this Agreement.

 

Section
3.06.       
Annual Reports on Assessment of Compliance with the Servicing Criteria.

 

(a)          On or before the fifth (5th) Business Day preceding March 1st of each year, commencing February 22,
2019, the Primary Servicer, at its own expense, shall furnish to the Master Servicer a report substantially in a form that satisfies
the requirements of Section 11.10 of the PSA on an assessment of compliance with the Servicing Criteria applicable to it that complies
in all material respects with the requirements of Item 1122 of Regulation AB and contains (i) a statement by Primary Servicer
of its responsibility for assessing compliance with the Relevant Servicing Criteria, (ii) a statement that Primary Servicer
used the Relevant Servicing Criteria to assess compliance with the Relevant Servicing Criteria, (iii) such Primary Servicer’s
assessment of compliance with the Relevant Servicing Criteria as of and for the period ending the end of the fiscal year covered
by Form 10-K, including, if there has been any material instance of noncompliance with the Relevant Servicing Criteria, a discussion
of each such failure and the nature and status thereof, and (iv) a statement that a registered public accounting firm has
issued an attestation report on Primary Servicer’s assessment of compliance with the Relevant Servicing Criteria as of and
for such period. Such report shall be provided in EDGAR-Compatible Format, or in such other format agreed upon by the Master Servicer
and Primary Servicer.

 

(b)          Each such report shall be addressed to the Master Servicer and signed by an authorized officer of Primary Servicer, and
shall address the Relevant Servicing Criteria set forth in Section 11.10 of and Exhibit Z to the PSA. Primary Servicer shall cooperate
with the Master Servicer and/or the Depositor if either party consults with the Primary Servicer as to the nature of any material
instance of noncompliance with the Relevant Servicing Criteria.

 

(c)          In any year that the Primary Servicer has received written confirmation from the Depositor (or,
in the case of an Other Securitization, the related Other Depositor) or the Master Servicer that a report on Form 10-K
is not required to be filed in respect of the Trust (or, if applicable, the trust for any
Other Securitization) for the preceding calendar year, the Primary Servicer shall not be required to deliver such assessments
until April 1 of such year.

 

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(d)          Primary Servicer hereby acknowledges and agrees that the Relevant Servicing Criteria set forth in Section 11.10 of and Exhibit
Z to the PSA is appropriately set forth with respect to Primary Servicer.

 

(e)          In the event the Primary Servicer is terminated or resigns pursuant to the terms of this Agreement, Primary Servicer shall
provide an annual assessment of compliance pursuant to this Section 3.06, coupled with an attestation as required in Section
3.07 with respect to the period of time that Primary Servicer was subject to this Agreement.

 

Section
3.07.       
Annual Independent Public Accountants’ Attestation Report.

 

(a)           On or before the fifth (5th) Business Day preceding March 1st of each year, commencing February 22,
2019, the Primary Servicer shall, at its own expense, cause a registered public accounting firm and that is a member of the American
Institute of Certified Public Accountants to furnish a report to the Master Servicer to the effect that (i) it has obtained
a representation regarding certain matters from the management of Primary Servicer, which includes an assertion that Primary Servicer
has complied with the Relevant Servicing Criteria applicable to it and (ii) on the basis of an examination conducted by such
firm in accordance with standards for attestation engagements issued or adopted by the PCAOB, it is issuing an opinion as to whether
Primary Servicer’s assessment of compliance with the Relevant Servicing Criteria applicable to it was fairly stated in all
material respects. In the event that an overall opinion cannot be expressed, such registered public accounting firm shall state
in such report why it was unable to express such an opinion. Each such related accountant’s attestation report shall be made
in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act. Such
report must be available for general use and not contain restricted use language. Such report shall be provided in EDGAR-Compatible
Format, or in such other format agreed upon by the Master Servicer and Primary Servicer.

 

(b)          Primary Servicer shall cooperate with the Master Servicer and/or the Depositor (or,
in the case of an Other Securitization, the related Other Depositor) if either party consults with the Primary Servicer
as to the nature of any defaults by Primary Servicer in the fulfillment of Primary Servicer’s obligations hereunder.

 

(c)          In any year that the Primary Servicer has received written confirmation from the Depositor or the Master Servicer that a
report on Form 10-K is not required to be filed in respect of the Trust (or, if applicable,
the trust for any Other Securitization) for the preceding calendar year, the Primary Servicer shall not be required to deliver
such report until April 1 of such year.

 

Section
3.08.       
Sarbanes-Oxley Certification.

 

(a)          On or before the fifth (5th) Business Day preceding March 1st of each year commencing February 22,
2019, the Primary Servicer shall provide to the Master Servicer (for delivery to the Certifying Person), a Performance Certification
in the form attached as Exhibit Y-2 to the PSA, on which the Master Servicer, the Certifying Person, the entity for which the Certifying
Person acts as an officer (if the Certifying Person is an individual), and each entity’s officers, directors and Affiliates
(collectively the Certification Parties) can reasonably rely. In addition, Primary Servicer shall execute a reasonable reliance
certificate to enable the

 

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Certification
Parties to rely upon each (i) annual compliance statement provided pursuant to Section 3.05 hereof, (ii) annual report on assessment
of compliance with servicing criteria provided pursuant to Section 3.06 hereof and (iii) accountant’s report provided pursuant
to Section 3.07 hereof, and shall include a certification in the Performance Certification that each such annual compliance statement
or report discloses any deficiencies or defaults described to the registered public accountants of the Primary Servicer to enable
such accountants to render the certificates provided for in Section 3.07 hereof. In the event the Primary Servicer is terminated
or resigns pursuant to the terms of this Agreement, the Primary Servicer shall provide a certification to the Master Servicer
for delivery to the Certifying Person pursuant to this Section 3.08 with respect to the period of time it was subject to this
Agreement. Each such Performance Certification shall be provided in EDGAR-Compatible Format, or in such other format agreed upon
by the Master Servicer and the Primary Servicer.

 

(b)           Notwithstanding anything to the contrary contained in this Section 3.08, with respect to each year in which the Trust is
not subject to the reporting requirements of the Exchange Act, Primary Servicer shall not be required to deliver any certification
under this Section 3.08.

 

Section
3.09.         Delivery
of Mortgage Loan Purchase Agreement.

 

Following the Master
Servicer’s receipt of the Mortgage Loan Purchase Agreement from the Depositor, the Master Servicer shall provide a copy of such
Mortgage Loan Purchase Agreement to the Primary Servicer.

 

ARTICLE IV.

 

PRESERVATION OF THE REMICS.

 

The Primary Servicer
shall not take any action (whether or not authorized hereunder) that would result in an Adverse REMIC Event. Primary Servicer shall
fully cooperate with the Master Servicer in connection with avoiding (i) the imposition of a tax on any portion of the Trust Fund,
(ii) the failure of any Trust REMIC to qualify as a REMIC, or (iii) the failure of the Grantor
Trust to qualify as a grantor trust.

 

ARTICLE
V.

PRIMARY SERVICER’S COMPENSATION AND EXPENSES

 

Section
5.01.        
Primary Servicing Compensation.

 

(a)           As compensation for its activities hereunder, the Primary Servicer shall be entitled to receive the Primary Servicing Fee.
Anything herein to the contrary notwithstanding, the Primary Servicer shall be paid such Primary Servicing Fee at such times as,
and only to the extent that, the Master Servicer receives its Servicing Fee with respect to each Mortgage Loan under the PSA. Except
as provided below, any reductions in the Servicing Fee that may be required under the PSA with respect to Prepayment Interest Shortfalls
shall not affect the amount of the Primary Servicing Fee payable to the Primary Servicer and, consequently, the Primary Servicer
shall not be entitled to any Prepayment Interest Excess; provided, however, that in the

 

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event
of a breach of Section 2.03(a)(viii) of this Agreement by the Primary Servicer, on or before 1:00 p.m. New York City time on the
Primary Servicer Remittance Date following such breach, the Primary Servicer shall remit to the Master Servicer, pursuant to wiring
instructions from the Master Servicer, the amount as of any Distribution Date equal to the aggregate amount of any Prepayment
Interest Shortfall incurred in connection with Principal Prepayments received in respect of any Mortgage Loan. If such Prepayment
Interest Shortfall is not remitted to the Master Servicer by 1:00 p.m. New York City time on the Primary Servicer Remittance Date,
then the Primary Servicer shall also remit to the Master Servicer the Prepayment Interest Shortfall and full interest on such
Prepayment Interest Shortfall at the Reimbursement Rate from and including such Primary Servicer Remittance Date but excluding
the date that such Prepayment Interest Shortfall is received by the Master Servicer.

 

(b)          The Primary Servicer shall also be entitled to retain, with respect to each related Mortgage Loan, as additional primary
servicing compensation (the “Additional Primary Servicing Compensation”), the following: (i) to the extent the
Master Servicer is entitled to retain such amounts under the PSA and actually received such amounts, all Penalty Charges (to the
extent the Primary Servicer is performing the related collection work and to the extent not required to be offset against with
respect to the related Mortgage Loan under PSA Section 3.11(d) (1) interest on Advances or (2) certain additional Trust expenses),
all amounts collected for checks returned for insufficient funds relating to the Primary Servicer Accounts, all charges for beneficiary
statements to the extent such beneficiary statements were prepared by the Primary Servicer, 50% of the Master Servicer’s
share of any assumption fees and assumption application fees and 50% of the Master Servicer’s share of any and all Excess
Modification Fees, waiver, consent and earnout fees, review fees and similar fees; and (ii) subject to PSA Section 3.06, any interest
or other income earned on deposits in the related Primary Servicer Accounts; provided, however, that the Primary Servicer shall
be required to promptly remit to the Master Servicer any amounts received from or on behalf of any Mortgagor which the Primary
Servicer is not entitled to retain under this paragraph.

 

Notwithstanding the
foregoing, the Primary Servicer shall not be entitled to any Additional Primary Servicing Compensation in the form of fees earned
with respect to the processing of any Special Servicer Decision or Major Decision performed by the Special Servicer; provided,
however, if the Master Servicer and the Primary Servicer mutually agree that the Primary Servicer shall process any Special Servicer
Decision or Major Decision following approval of such decision by the Special Servicer and the Primary Servicer processes such
Special Servicer Decision or Major Decision, the Primary Servicer shall be entitled to the applicable fee as described above.

 

(c)           Except as otherwise provided herein or in the PSA, the Primary Servicer shall pay all its overhead and similar expenses
incurred by it in connection with its servicing activities hereunder.

 

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ARTICLE
VI.

THE MASTER SERVICER AND THE PRIMARY SERVICER

 

Section
6.01.        
Primary Servicer Not to Assign; Merger or Consolidation of the Primary Servicer.

 

(a)           Except as otherwise provided in Section 6.01(b) hereof, or in Sections 2.02 or 3.02 hereof, the Primary Servicer shall not
assign this Agreement for any reason or the servicing hereunder or delegate its rights or duties hereunder or any portion thereof
without the prior written consent of the Master Servicer.

 

(b)           The Primary Servicer shall not resign from its obligations and duties hereunder without giving the Master Servicer sixty
(60) days prior written notice thereof or such lesser notice as may be acceptable to the Master Servicer to enable the Master Servicer
to assume all of the Primary Servicer’s rights, powers, duties and obligations under this Agreement; provided, however, that
only fifteen (15) days prior written notice shall be required in connection with a resignation of the Primary Servicer as a result
of the Master Servicer’s failure to consent to any matters set forth in this Section 6.01.

 

(c)           The Primary Servicer may be merged or consolidated with or into any Person, or transfer all or substantially all of its
assets to any Person, in which case any Person resulting from any merger or consolidation to which the Primary Servicer shall be
a party, or any Person succeeding to the business of the Primary Servicer, shall be the successor of the Primary Servicer hereunder
and shall be deemed to have assumed all of the liabilities of the Primary Servicer hereunder, provided that, in any such case,
the Primary Servicer meets the requirements of the PSA and has obtained the prior written consent of the Master Servicer. Notwithstanding
the foregoing, the Primary Servicer may not remain the Primary Servicer under this Agreement after (x) being merged or consolidated
with or into any Person that is a Prohibited Party, or (y) transferring all or substantially all of its assets to any Person if
such Person is a Prohibited Party, except to the extent (i) the Primary Servicer is the surviving entity of such merger, consolidation
or transfer and has been and continues to be in compliance with its Regulation AB reporting obligations hereunder or (ii) the Master
Servicer consents to such merger, consolidation or transfer. Upon written demand by the Master Servicer, such successor shall be
required to promptly execute and deliver to the Master Servicer an agreement which contains an assumption by such Person of the
due and punctual performance and observance of each covenant and condition to be performed and observed by the Primary Servicer
under this Agreement from and after the date of such agreement. Notwithstanding anything to the contrary, the Primary Servicer
shall promptly notify the Master Servicer, the Certificate Administrator and the Trustee in the event the Primary Servicer becomes
an Affiliate of the Trustee.

 

Section
6.02.        
Liability and Indemnification of the Primary Servicer and the Master Servicer.

 

(a)           Neither the Primary Servicer nor any of the partners, directors, officers, shareholders, members, managers, employees or
agents of the Primary Servicer (the “Primary Servicer Parties”) shall be under any liability to the Master Servicer
for any action taken, or for refraining from the taking of any action, in good faith pursuant to this Agreement, or for errors
in judgment; provided, however, that this provision shall not protect the Primary Servicer Parties

 

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against
any liability which would be imposed by reason of any breach of its warranties or representations made herein, or against any
liability that would otherwise be imposed on the Primary Servicer by reason of the Primary Servicer’s willful misconduct, bad
faith or negligence (or by reason of any specific liability imposed on the Primary Servicer pursuant to Section 2.01 hereof, for
a breach of the Accepted Primary Servicing Practices) in the performance of its obligations and duties hereunder or by reason
of its negligent disregard of its obligations and duties hereunder. Each indemnified party hereunder shall give prompt written
notice to the indemnitor of matters which may give rise to liability of such indemnitor hereunder; provided, however, that failure
to give such notice shall not relieve the indemnitor of any liability except to the extent of actual prejudice. The Primary Servicer
Parties may rely in good faith on any document of any kind which, prima facie, is properly executed and submitted by any appropriate
Person respecting any matters arising hereunder.

 

(b)          The Primary Servicer Parties shall be indemnified and held harmless by the Master Servicer against any and all claims, losses,
penalties, fines, forfeitures, reasonable legal fees and related costs, judgments, and any other costs, liabilities, fees and expenses
incurred in connection with any actual or threatened legal or administrative action (whether in equity or at law) or claim relating
to this Agreement (collectively, the “Losses”) incurred by the Primary Servicer (i) by reason of the Master Servicer’s
willful misconduct, bad faith, negligence in the performance of its obligations and duties hereunder or negligent disregard of
its obligations and duties hereunder or (ii) in connection with, or relating to, this Agreement, any Mortgage Loan or the Certificates,
other than any Losses (x) that are specifically required to be borne by Primary Servicer without right of reimbursement pursuant
to the terms hereof or (y) incurred by reason of (1) a breach of any representation or warranty by Primary Servicer, or (2) willful
misconduct, bad faith or negligence of Primary Servicer in the performance of its respective obligations and duties hereunder or
negligent disregard of its respective obligations and duties under this Agreement; provided, however, that the indemnification
under clause (ii) above shall be strictly limited to any actual amount of indemnification received by the Master Servicer under
the PSA as a result of pursuing the Trust Fund on behalf of the Primary Servicer for such indemnification.

 

(c)           The Master Servicer and any partners, directors, officers, shareholders, members, managers, employees or agents of the Master
Servicer shall be indemnified and held harmless by the Primary Servicer against any Losses incurred by the Master Servicer by reason
of (i) any breach by the Primary Servicer of a representation or warranty made by it herein or in the PSA or (ii) any willful misconduct,
bad faith or negligence by the Primary Servicer in the performance of its obligations and duties hereunder or under the PSA or
by reason of negligent disregard of such obligations and duties. The Master Servicer and any partner, director, officer, shareholder,
member, manager, employee or agent of the Master Servicer may rely in good faith on any document of any kind which, prima facie,
is properly executed and submitted by any appropriate Person respecting any matters arising hereunder.

 

(d)          The Primary Servicer shall indemnify and hold harmless the Master Servicer, each Certification Party, the Depositor, each
Other Depositor and any employee, director, officer and Affiliate of the Master Servicer, each Certification Party, the Depositor
and any Other Depositor from and against any and all claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses
and related costs, judgments and any other costs, fees and expenses incurred by such indemnified party arising out of (i) a breach
of the Primary Servicer’s obligation to

 

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provide
any of the annual compliance statements or annual servicing criteria compliance reports or attestation reports pursuant to this
Agreement and the PSA, (ii) the negligence, bad faith or willful misconduct on the Primary Servicer’s part in the performance
of such obligations, (iii) any failure by Primary Servicer to identify itself (or any sub-subservicer the Primary Servicer enters
into a sub-subservicing agreement with pursuant to Section 2.02 hereof) as a Servicing Function Participant pursuant to the PSA,
(iv) any failure by Primary Servicer to comply with the obligations of a Servicing Function Participant under the PSA or (v) any
Deficient Exchange Act Deliverable.

 

In addition, the
Primary Servicer shall cooperate (and require each Servicing Function Participant and Additional Servicer retained by it to cooperate
under any applicable sub-subservicing agreement) with the Depositor or Other Depositor, as applicable, and the Master Servicer
as necessary for the Depositor or Other Depositor, as applicable, and the Master Servicer to conduct any reasonable due diligence
necessary to evaluate and assess any material instances of non-compliance disclosed in any of the deliverables required by the
applicable Reporting Requirements.

 

In connection with
comments provided to the Depositor or any Other Depositor from the Commission or its staff regarding information (x) delivered
by the Primary Servicer, (y) regarding the Primary Servicer, and (z) prepared by the Primary Servicer or any registered public
accounting firm, attorney or other agent retained by the Primary Servicer to prepare such information, which information is contained
in a report filed by the Depositor or Other Depositor under the Reporting Requirements and which comments are received subsequent
to the Depositor’s or Other Depositor’s filing of such report, upon receipt of such comments from the Depositor or Other Depositor,
the Master Servicer shall promptly provide to the Primary Servicer any such comments which relate to the Primary Servicer. Primary
Servicer shall be responsible for timely preparing a written response to the Commission or its staff for inclusion in the Depositor’s,
Other Depositor’s or the Master Servicer’s, as applicable, response to the Commission or its staff, unless Primary Servicer elects,
with the consent of the Master Servicer (which consent shall not be unreasonably denied, withheld or delayed), to directly communicate
with the Commission or its staff and negotiate a response and/or resolution with the Commission or its staff; provided that if
the Primary Servicer (or a sub-servicer retained by the Primary Servicer) is a Servicing Function Participant or an Additional
Servicer, the Primary Servicer shall provide copies to the Master Servicer of all material communications pursuant to this paragraph.
If such election is made, the Primary Servicer shall be responsible for directly negotiating such response and/or resolution with
the Commission or its staff in a timely manner; provided, that (i) Primary Servicer shall use reasonable efforts to keep the Depositor
or Other Depositor, as applicable, and the Master Servicer informed of its progress with the Commission or its staff and copy the
Depositor or Other Depositor, as applicable, and the Master Servicer on all correspondence with the Commission or its staff and
provide the Depositor or Other Depositor, as applicable, and the Master Servicer with the opportunity to participate (at the Depositor’s,
Other Depositor’s or Master Servicer’s, as applicable, expense) in any telephone conferences and meetings with the Commission or
its staff and (ii) the Master Servicer shall cooperate with the Primary Servicer in order to authorize the Primary Servicer and
its representatives to respond to and negotiate directly with the Commission or its staff with respect to any comments received
from the Commission or its staff relating to Primary Servicer and to notify the Commission or its staff of such authorization.
The Master Servicer and the Primary

 

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Servicer
shall cooperate and coordinate with each other with respect to any requests made to the Commission or its staff for any extension
of time for submitting a response or compliance. All reasonable out-of-pocket costs and expenses incurred by the Depositor or
Other Depositor, as applicable, and the Master Servicer (including reasonable legal fees and expenses of outside counsel to the
Depositor or Other Depositor, as applicable, and the Master Servicer) in connection with the foregoing (other than those costs
and expenses required to be at the Depositor’s or Other Depositor’s, as applicable, expense as set forth above) and any amendments
to any reports filed with the Commission or its staff therewith shall be promptly paid by the Primary Servicer upon receipt of
an itemized invoice from the Depositor or Other Depositor, as applicable, and/or the Master Servicer, as applicable. The Primary
Servicer shall use commercially reasonable efforts to cause any Servicing Function Participant or Additional Servicer retained
by it to comply with the foregoing by inclusion of similar provisions in the related sub-subservicing or similar agreement.

 

If the indemnification
provided for in, or contemplated by, this Section 6.02(d) is unavailable or insufficient to hold harmless the Master Servicer,
any Certification Party, the Depositor, any Other Depositor or any employee, director, officer or Affiliate of the Master Servicer,
the Depositor or any Other Depositor, then the Primary Servicer shall contribute to the amount paid or payable to the indemnified
party as a result of the losses, claims, damages or liabilities of the indemnified party in such proportion as is appropriate to
reflect the relative fault of the indemnified party on the one hand and the Primary Servicer on the other in connection with a
breach of the Primary Servicer’s obligations pursuant to Article XI of the PSA, this Agreement or the Primary Servicer’s
negligence, bad faith or willful misconduct in connection therewith. The Primary Servicer shall cause any sub-subservicer with
which it enters into a servicing relationship with respect to any Mortgage Loan to agree to the foregoing indemnification and contribution
obligations.

 

(e)           The indemnification, exculpation, and other protections and provisions in this Section 6.02 shall survive the termination
of this Agreement or the resignation of the Master Servicer or the Primary Servicer.

 

Section
6.03.        
Representations and Warranties.

 

The Primary Servicer
hereby represents, warrants and covenants to the Master Servicer that as of the date hereof:

 

(a)           The Primary Servicer is duly organized, validly existing and in good standing under the laws of the state of its organization
and is in compliance with the laws of each jurisdiction in which any Mortgaged Property is located to the extent necessary to perform
its obligations under this Agreement;

 

(b)           The execution and delivery of this Agreement by the Primary Servicer and its performance and compliance with the terms of
this Agreement do not (i) violate the Primary Servicer’s organizational documents, (ii) constitute a default (or an event that,
with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material contract, or
other material instrument to which the Primary Servicer is a party or which is applicable to it or any of the assets or (iii) violate
any law, rule, regulation, order, judgment or

 

     18

     

    

 

decree
to which the Primary Servicer or its property is subject, which, in the case of either of clause (ii) or (iii), does or is likely
to materially and adversely affect the Primary Servicer’s ability to perform hereunder or its financial condition;

 

(c)          The Primary Servicer has the full corporate power and authority to enter into and consummate all transactions to be performed
by it as contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has
duly executed and delivered this Agreement;

 

(d)          This Agreement, assuming due authorization, execution and delivery by the Master Servicer, constitutes a valid, legal and
binding obligation of the Primary Servicer, enforceable against it in accordance with the terms of this Agreement, subject to (i)
applicable bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting the enforcement of creditors’
rights generally, and, to the extent applicable, the rights of creditors of national banks or of “financial companies”
(as defined in Section 201 of the Dodd-Frank Act) or their Affiliates, and (ii) general principles of equity, regardless of whether
such enforcement is considered in a proceeding in equity or at law;

 

(e)          The Primary Servicer is not in violation of, and the execution and delivery of this Agreement by the Primary Servicer and
its performance and compliance with the terms of this Agreement will not constitute a violation of, any law, any order or decree
of any court or arbiter, or any order, regulation or demand of any federal, state or local governmental or regulatory authority,
which violation, in the Primary Servicer’s good faith and reasonable judgment, is likely to affect materially and adversely the
ability of the Primary Servicer to perform its obligations hereunder or the financial condition of the Primary Servicer;

 

(f)           No litigation is pending or, to the best of the Primary Servicer’s knowledge, threatened against the Primary Servicer that
would prohibit the Primary Servicer from entering into this Agreement, or, in the Primary Servicer’s good faith and reasonable
judgment, is likely to materially and adversely affect the ability of the Primary Servicer to perform its obligations under the
Agreement or the financial condition of the Primary Servicer;

 

(g)          Each officer and employee of the Primary Servicer that has responsibilities concerning the servicing and administration
of Mortgage Loans is covered by errors and omissions insurance and the fidelity bond maintained by the Primary Servicer in the
amounts and with the coverage required by PSA Section 3.07;

 

(h)          No consent, approval, authorization or order of, registration or filing with, or notice to, any governmental authority or
court is required under federal or state law for the execution, delivery and performance by the Primary Servicer of, or compliance
by the Primary Servicer with, this Agreement or the Primary Servicer’s consummation of any transactions contemplated hereby,
other than (i) such consents, approvals, authorizations, orders, qualifications, registrations, filings or notices as have been
obtained, made or given prior to the actual performance by the Primary Servicer of its obligations under this Agreement or (ii)
where the lack of such consent, approval, authorization, order, qualification, registration, filing or notice would not have a
material adverse effect on the performance by the Primary Servicer under this Agreement; and

 

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(i)           The Primary Servicer is not an Affiliate of the Trustee and is not a Prohibited Party.

 

The foregoing representations
and warranties shall survive the execution and delivery of this Agreement. Upon discovery by either the Master Servicer or the
Primary Servicer of a breach of any of the foregoing representations and warranties, the party discovering such breach shall give
prompt written notice thereof to the other party.

 

ARTICLE
VII.

PRIMARY SERVICER TERMINATION EVENTS; TERMINATION

 

Section
7.01.       
Primary Servicer Termination Events.

 

(a)          “Primary Servicer Termination Event”, wherever used herein with respect to any Primary Servicer, means any one
of the following events:

 

(i)             any failure by the Primary Servicer to remit to the Primary Servicer Accounts, or to remit to the Master Servicer, any amount
required to be so remitted by the Primary Servicer pursuant to and in accordance with this Agreement; or

 

(ii)            any failure on the part of the Primary Servicer duly to observe or perform in any material respect any of the other covenants
or obligations which continues unremedied for a period of twenty (20) days (or (A) with respect to any year that a report on Form
10-K is required to be filed, three (3) Business Days in the case of the Primary Servicer’s obligations under this Agreement in
respect of Exchange Act reporting items (after any applicable grace periods) or (B) ten (10) days in the case of a failure to pay
the premium for any insurance policy required to be maintained hereunder or such shorter period (not less than one (1) Business
Day) as may be required to avoid the lapse of insurance) after the date on which written notice of such failure, requiring the
same to be remedied, shall have been given to the Primary Servicer by the Master Servicer, provided, however, if such failure with
a twenty (20) day cure period is capable of being cured and the Primary Servicer is diligently pursuing such cure, such twenty
(20) day period shall be extended for an additional twenty (20) days; provided that the Primary Servicer has commenced to cure
such failure within the initial twenty (20) day period and has certified that it has diligently pursued, and is continuing to pursue,
a full cure; provided, further, however, that such extended period shall not apply to the obligations regarding Exchange Act reporting;
or

 

(iii)            
any breach on the part of the Primary Servicer of any representation or warranty contained in Section 6.03 hereof, which
materially and adversely affects the interests of any Class of Certificateholders or Companion Holders and which continues unremedied
for a period of twenty (20) days after the date on which notice of such breach, requiring the same to be remedied, shall have been
given to the Primary Servicer by the Master Servicer, provided, however, if such breach is

 

     20

     

    

 

capable of being cured and the Primary
Servicer is diligently pursuing such cure, such twenty (20) day period shall be extended for an additional twenty (20) days; provided
that the Primary Servicer has commenced to cure such failure within the initial twenty (20) day period and has certified that it
has diligently pursued, and is continuing to pursue, a full cure; or

 

(iv)           a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case
under any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator or receiver,
liquidator, trustee or similar official in any bankruptcy, insolvency, readjustment of debt, marshalling of assets and liabilities
or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Primary Servicer
and such decree or order shall have remained in force undischarged, undismissed or unstayed for a period of forty-five (45) days;
or

 

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

 

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

 

(vii)          any Rating Agency (or, in the case of Serviced Pari Passu Companion Loan Securities, any Companion Loan Rating Agency) has
(A) qualified, downgraded or withdrawn its rating or ratings of one or more Classes of Certificates or one or more classes
of Serviced Pari Passu Companion Loan Securities or (B) placed one or more Classes of Certificates or one or more classes
of Serviced Pari Passu Companion Loan Securities on “watch status” in contemplation of rating downgrade or withdrawal
(and in the case of clause (A) or (B), such action has not been withdrawn by such Rating Agency within 60 days of such rating action)
and, in the case of either of clauses (A) or (B), such Rating Agency publicly cited servicing concerns with the Master Servicer
(because of actions of the Primary Servicer) or the Primary Servicer as the sole or a material factor in such rating action; or

 

(viii)        
a Servicer Termination Event (as defined in the PSA) by the Master Servicer under PSA Section 7.01 which Servicer Termination
Event occurred as a result of the failure of the Primary Servicer to perform any obligation required hereunder; or

 

     21

     

    

 

(ix)           
the failure of the Primary Servicer to comply with any of the requirements under Sections 3.05, 3.06, 3.07 and 3.08 of this
Agreement applicable to such Primary Servicer, including the failure to deliver any reports or certificates at the time such report
or certification is required under Sections 3.05, 3.06, 3.07 and 3.08 of this Agreement which continues unremedied for five
(5) days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the
Primary Servicer by the Master Servicer; or

 

(x)             the Primary Servicer or any primary servicer or sub-subservicer appointed by the Primary Servicer after the Closing Date,
fails to deliver by the due date any Exchange Act reporting items required to be delivered to the Master Servicer, the Certificate
Administrator or the Depositor under Article XI of the PSA or under this Agreement or to the applicable master servicer under any
other pooling and servicing agreement that the Depositor is a party to; or

 

(xi)            the Primary Servicer or any primary servicer or sub-subservicer appointed by the Primary Servicer after the Closing Date,
fails to perform in any material respect any of its covenants or obligations contained in this Agreement regarding creating, obtaining
or delivering any Exchange Act reporting items or similar items required for any party to the PSA to perform its obligations under
Article XI of the PSA or under the Exchange Act reporting items or similar items required under any other pooling and servicing
agreement that the Depositor is a party to;

 

then, and in each and every case, so
long as an Primary Servicer Termination Event shall not have been remedied, the Master Servicer may, by notice in writing to the
Primary Servicer, in addition to whatever rights the Master Servicer may have at law or in equity, including injunctive relief
and specific performance, immediately terminate all of the rights and obligations of the Primary Servicer under this Agreement
and in and to any Mortgage Loan and the proceeds thereof, subject to Section 7.02 hereof, without the Master Servicer incurring
any penalty or fee of any kind whatsoever in connection therewith. Except as otherwise expressly provided in this Agreement, no
remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and
in addition to any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy
or shall be deemed to be a waiver of any Primary Servicer Termination Event. On or after the receipt by the Primary Servicer of
such written notice of termination from the Master Servicer, all authority and power of the Primary Servicer in this Agreement,
whether with respect to any Mortgage Loan or otherwise, shall pass to and be vested in the Master Servicer, and the Primary Servicer
agrees to cooperate with the Master Servicer in effecting the termination of the Primary Servicer’s responsibilities and
rights hereunder, including, without limitation, the remittance of funds and the transfers of the Primary Servicing Files as set
forth in Section 7.02. Notwithstanding the foregoing, upon any termination of the Primary Servicer, the Primary Servicer will be
entitled to receive all accrued and unpaid Primary Servicing Fees and Additional Primary Servicing Compensation through the date
of termination.

 

(b)          Upon discovery by the Primary Servicer of any Primary Servicer Termination Event (but regardless of whether any notice has
been given as provided in this Agreement or any

 

     22

     

    

 

cure
period provided herein has expired), the Primary Servicer shall give prompt written notice thereof to the Master Servicer.

 

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

 

Section
7.02.        
Termination of Agreement.

 

(a)          This Agreement shall be terminated with respect to any Primary Servicer:

 

(i)             pursuant to Section 3.20 of the PSA and Section 7.01 hereof, if the Master Servicer elects to terminate the Primary Servicer
following a Primary Servicer Termination Event;

 

(ii)            at the Depositor’s request (to the extent the Depositor has a right to request termination under the PSA) pursuant to Section
7.01(a)(x) or (xi) hereof or PSA Section 3.20(a)(ix);

 

(iii)           upon resignation by the Primary Servicer as provided in Section 6.01 hereof; or

 

(iv)           with respect to any Mortgage Loan, in the event such Mortgage Loan (A) becomes a Specially Serviced Loan or (B) is substituted,
defeased, purchased or repurchased pursuant to PSA Sections 2.03, 3.16, 3.18 or 9.01.

 

(b)          If the Master Servicer’s responsibilities and duties as Master Servicer under the PSA have been assumed by the Trustee,
the Trustee shall, without act or deed on the part of the Trustee, succeed to all of the rights and obligations of the Master Servicer
under this Agreement as provided in PSA Section 3.20, and the Primary Servicer shall be bound to the Trustee under all of the terms,
covenants and conditions of this Agreement with the same force and effect as if the Trustee was originally the Master Servicer
under this Agreement; and the Primary Servicer does hereby attorn to the Trustee, as the Master Servicer hereunder, said attornment
to be effective and self-operative without the execution of any further instruments on the part of any of the parties hereto immediately
upon the Trustee succeeding to the interest of the Master Servicer hereunder. The Primary Servicer agrees, however, upon written
demand by the Trustee to promptly execute and deliver to the Trustee an instrument in confirmation of the foregoing provisions,
satisfactory to the Trustee, in which the Primary Servicer shall acknowledge such attornment and shall confirm to the Trustee its
agreement to the terms and conditions of this Agreement. References to the Trustee under this Section 7.02, shall include any successor
Master Servicer under the PSA.

 

(c)          Termination pursuant to this Section or as otherwise provided herein shall be without prejudice to any rights of the Master
Servicer or the Primary Servicer which may have accrued through the date of termination hereunder. In connection with any such
termination, the

 

     23

     

    

 

terminated
Primary Servicer shall (i) remit all funds in the related Primary Servicer Accounts to the Master Servicer or such other Person
designated by the Master Servicer, net of accrued Primary Servicing Fees and Additional Primary Servicing Compensation through
the termination date which are due and payable to the Primary Servicer, (ii) deliver all related Primary Servicing Files to the
Master Servicer or to Persons designated by the Master Servicer, and (iii) fully cooperate with the Master Servicer to effectuate
an orderly transition of the servicing of the related Mortgage Loans. All rights of the terminated Primary Servicer relating to
the following after such termination shall continue in full force and effect until payment or other satisfaction in accordance
with this Agreement or termination of the Trust: (y) indemnification pursuant to Section 6.02; and (z) the payment of its Primary
Servicing Fees and Additional Primary Servicing Compensation which in any such case accrued under the terms of this Agreement
on or before the date of such termination shall continue in full force and effect until payment or other satisfaction in accordance
with this Agreement.

 

ARTICLE
VIII.

MISCELLANEOUS PROVISIONS

 

Section
8.01.        
Rating Agency Communications.

 

(a)          Except as required by the PSA or by law, the Primary Servicer shall not provide any information directly to, or communicate
with, either orally or in writing, any Rating Agency or any NRSRO regarding the Certificates or any Mortgage Loan relevant to such
Rating Agency’s or NRSRO’s surveillance of the Certificates or Mortgage Loans, including, but not limited to, providing
responses to inquiries from a Rating Agency or NRSRO regarding the Certificates or any Mortgage Loan relevant to such Rating Agency’s
or NRSRO’s surveillance of the Certificates and requests for Rating Agency Confirmation. All such information will be provided
by, and all such communications, responses and requests will be made by, the Master Servicer in accordance with the procedures
required by the PSA. To the extent that the Master Servicer is required to provide any information to, or communicate with, any
Rating Agency or NRSRO in accordance with its obligations under the PSA and such information or communication is regarding any
Mortgage Loan or the primary servicing by the Primary Servicer under this Agreement, the Primary Servicer shall provide the information
to the Master Servicer necessary for the Master Servicer to fulfill such obligations. None of the foregoing restrictions in this
Agreement shall prohibit or restrict oral or written communications, or providing information, between the Primary Servicer, on
the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s
review of the ratings it assigns to the Primary Servicer, (ii) such Rating Agency’s or NRSRO’s approval of the
Primary Servicer as a commercial mortgage master, special or primary servicer or (iii) such Rating Agency’s or NRSRO’s
evaluation of the Primary Servicer’s servicing operations in general; provided, that the Primary Servicer shall not
provide any information relating to the Certificates or any Mortgage Loan to any Rating Agency or NRSRO in connection with such
review and evaluation by such Rating Agency or NRSRO unless (x) Mortgagor, property and other deal specific identifiers are redacted;
or (y) such information has already been provided to the 17g-5 Information Provider and has been uploaded on to the 17g-5
Information Provider’s Website.

 

     24

     

    

 

(b)          The Primary Servicer hereby expressly agrees to indemnify and hold harmless the Master Servicer and its respective officers,
directors, shareholders, members, managers, employees, agents, Affiliates and controlling persons, and the Trust Fund (each, an
“Indemnified Party”), from and against any and all losses, liabilities, damages, claims, judgments, costs, fees, penalties,
fines, forfeitures or other expenses (including reasonable legal fees and expenses), joint or several, to which any such Indemnified
Party may become subject, under the Securities Act, the Exchange Act or otherwise, pursuant to a third-party claim, insofar as
such losses, liabilities, damages, claims, judgments, costs, fees, penalties, fines, forfeitures or other expenses (including reasonable
legal fees and expenses) arise out of or are based upon the Primary Servicer’s breach of this Section 8.01 (including, without
limitation, a determination by a Rating Agency that it cannot reasonably rely on representations made by the Depositor or any Affiliate
thereof pursuant to Exchange Act Rule 17g-5(a)(3), but solely to the extent such determination is caused by a breach of this Section
8.01 by the Primary Servicer), and will reimburse such Indemnified Party for any legal or other expenses reasonably incurred by
such Indemnified Party in connection with investigating or defending any such action or claim, as such expenses are incurred.

 

Section
8.02.        
Amendment.

 

This Agreement
contains the entire agreement between the parties relating to the subject matter hereof, and may be amended from time to time by
the Master Servicer and the Primary Servicer only by written agreement executed by the party or parties against whom the enforcement
of such amendment is sought. Master Servicer shall not consent to any modification to the PSA in any manner which would increase
the obligations or limit the rights of the Primary Servicer under the PSA or under this Agreement without the prior consent of
the Primary Servicer (which consent shall not be unreasonably withheld).

 

Section 8.03.        
Governing Law; Submission to Jurisdiction; Waiver of Jury Trial

 

(a)           THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT, THE RELATIONSHIP OF THE
PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES TO THIS AGREEMENT
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD
TO THE CHOICE OF LAW RULES THEREOF. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS
LAW SHALL APPLY TO THIS AGREEMENT.

 

(b)          EACH OF THE PARTIES HERETO IRREVOCABLY (I) SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK
AND THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT; (II) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM IN ANY ACTION
OR PROCEEDING IN ANY SUCH COURT; (III) AGREES THAT A FINAL JUDGMENT IN ANY ACTION OR PROCEEDING IN ANY SUCH COURT SHALL BE

 

     25

     

    

 

CONCLUSIVE
AND MAY BE ENFORCED IN ANY OTHER JURISDICTION BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW; AND (IV) CONSENTS
TO SERVICE OF PROCESS UPON IT BY MAILING A COPY THEREOF BY CERTIFIED MAIL ADDRESSED TO IT AS PROVIDED FOR NOTICES HEREUNDER.

 

(c)           THE PARTIES HERETO HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM, WHETHER IN CONTRACT, TORT OR OTHERWISE, RELATING DIRECTLY OR INDIRECTLY TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY.

 

Section
8.04.        
Notices.

 

All demands, notices
and communications hereunder shall be in writing and addressed in each case as follows:

 

(a)           if to the Primary Servicer, as set forth on each signature page included herewith; and

 

(b)           if to the Master Servicer:

 

by U.S. Mail at:

 

Midland
Loan Services, a Division of PNC Bank, National Association 

P.O.
Box 25965 

Shawnee
Mission, KS 66225-5965 

Attention:
Executive Vice President - Division Head 

Facsimile
No.: (888) 706-3565 

Email: NoticeAdmin@midlandls.com
and MLSSubservicergroup@midlandls.com

 

or
by delivery to:

 

Midland
Loan Services, a Division of PNC Bank, National Association 

10851 Mastin, Suite
300 

Overland
Park, KS 66210 

Attention: Executive Vice
President - Division Head

 

Any
of the above-referenced Persons may change its address for notices hereunder by giving notice of such change to the other Persons.
All notices and demands shall be deemed to have been given at the time of the delivery at the address of such Person for notices
hereunder if personally delivered, mailed by certified or registered U.S. mail, postage prepaid, return receipt requested, or
sent by overnight courier or telecopy. Notwithstanding the foregoing, Primary Servicer may deliver any of the items required to
be delivered to the Master Servicer under Sections 3.05-3.08 of this Agreement through electronic mail at NoticeAdmin@midlandls.com or such other email address provided to Primary Servicer from the Master Servicer from time to time.

 

     26

     

    

 

(c)          To the extent that any demand, notice or communication hereunder is given to any Primary Servicer by a Responsible Officer
of the Master Servicer, such Responsible Officer shall be deemed to have the requisite power and authority to bind the Master Servicer
with respect to such communication, and any Primary Servicer may conclusively rely upon and shall be protected in acting or refraining
from acting upon any such communication. To the extent that any demand, notice or communication hereunder is given to the Master
Servicer by a Responsible Officer of any Primary Servicer, such Responsible Officer shall be deemed to have the requisite power
and authority to bind the Primary Servicer with respect to such communication, and the Master Servicer may conclusively rely upon
and shall be protected in acting or refraining from acting upon any such communication. Any notice required to be delivered under
this Agreement may be provided electronically (including by electronic mail).

 

Section
8.05.        
Consistency with PSA; Severability of Provisions.

 

This Agreement
shall be subject to the provisions of the PSA, which provisions shall be paramount and controlling and shall supersede the provisions
of this Agreement to the extent of any conflicts or inconsistencies. If one or more of the provisions of this Agreement shall be
for any reason whatever held invalid or unenforceable or shall be determined to be inconsistent with the PSA, such provisions shall
be deemed severable from the remaining covenants, agreements and provisions of this Agreement and such invalidity or unenforceability
shall in no way affect the validity or enforceability of such remaining provisions or the rights of any parties hereto. To the
extent permitted by law, the parties hereto hereby waive any provision of law that renders any provision of this Agreement invalid
or unenforceable in any respect.

 

Section
8.06.        
Inspection and Audit Rights.

 

The Primary Servicer
agrees that, on reasonable prior notice, it will permit any representative of the Master Servicer, during the Primary Servicer’s
normal business hours, reasonable access at its principal servicing offices to examine all books of account, records, reports and
other documents of the Primary Servicer relating to any Mortgage Loan, to make copies and extracts therefrom, to cause such books
to be audited by accountants selected by the Master Servicer, and to discuss matters relating to any Mortgage Loan with the Primary
Servicer’s officers and employees.

 

Section
8.07.        
Protection of Confidential Information.

 

The Primary Servicer
shall keep confidential and shall not divulge to any party, without the Master Servicer’s prior written consent, any information
pertaining to any Mortgage Loan, the Mortgaged Properties or the Mortgagors except to the extent that the Primary Servicer provides
prior written notice to the Master Servicer and (a) it is appropriate for the Primary Servicer to do so (i) in working with legal
counsel, auditors, other advisors, taxing authorities or other governmental agencies, (ii) in accordance with Accepted Primary
Servicing Practices or (iii) when required by any law, regulation, ordinance, court order or subpoena or (b) the Primary Servicer
is disseminating general statistical information relating to any mortgage loan being serviced by the Primary Servicer (including
any Mortgage Loan) so long as the Primary Servicer does not identify the owner of any Mortgage Loan or any Mortgagor.

 

     27

     

    

 

Section
8.08.        
Binding Effect; No Partnership; Counterparts.

 

Subject to Section
6.01 hereof, with respect to the Primary Servicer, the provisions of this Agreement shall be binding upon and inure to the benefit
of the respective successors and assigns of the parties hereto. Nothing herein contained shall be deemed or construed to create
a partnership or joint venture between the parties hereto, and the services of the Primary Servicer shall be rendered as an independent
contractor for the Master Servicer. For the purpose of facilitating the execution of this Agreement as herein provided and for
other purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be
deemed to be an original, and such counterparts shall constitute but one and the same instrument.

 

Section
8.09.        
Third Party Beneficiaries.

 

The Trustee (for
the benefit of the Certificateholders and the related Companion Holder (if applicable)) and the Trustee (as holder of the Lower-Tier
Regular Interests) shall be a third party beneficiary under this Agreement. Except to the extent the Trustee or its designee assumes
the obligations of the Master Servicer contemplated in this Agreement and the PSA, none of the Trust, the Trustee, the Operating
Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Special Servicer, any successor special servicer,
any successor master servicer or any Certificateholder (or the related Companion Holder, if applicable) shall have any duties under
this Agreement or any liabilities arising from this Agreement.

 

Section
8.10.        
Article and Section Headings.

 

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

 

[SIGNATURE PAGES TO FOLLOW]

 

     28

     

    

 

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

 

	 	MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION
	 	 	 
	 	By:	/s/ David A. Eckels
	 	 	 
	 	Name:  David A. Eckels
	 	 	 
	 	Title:  Senior Vice President 
	 	 	 
	 	(“Master Servicer”)

  

[SIGNATURE
AND NOTICE ADDRESS PAGES AND MORTGAGE LOAN 

SCHEDULES FOR THE PRIMARY SERVICER TO
FOLLOW]

 

Berkeley-Midland
Primary Servicing Agreement – UBS 2018-C14 – Berkeley Signature Page

 

     

     

    

 

	 	BERKELEY POINT CAPITAL LLC
D/B/A NEWMARK KNIGHT FRANK
	 	 	 
	 	By:	/s/ Dave Maisel
	 	 	 
	 	Name:  Dave Maisel
	 	 	 
	 	Title:  Managing Director
	 	 	 
	 	(“Primary
Servicer”)
	 	 
	 	Notices:
	 	 
	 	Berkeley Point Capital LLC d/b/a Newmark Knight Frank
	 	225
Franklin Street, 18th Floor
	 	Boston,
MA 02110
	 	Attention:
Director and Head of Servicing
	 	Fax
Number:  617-722-5050
	 	Email: Servicing.Requests@berkpoint.com
	 	 
	 	With
a copy to:
	 	 
	 	Berkeley
Point Capital LLC d/b/a Newmark Knight Frank
	 	7700
Wisconsin Avenue, Suite 1100
	 	Bethesda,
MD 20814
	 	Attention:
Raqual Crea – Legal Department
	 	Fax
Number: 240-752-8121

 

Berkeley-Midland
Primary Servicing Agreement – UBS 2018-C14 – Berkeley Signature Page 

 

     

     

    

 

SCHEDULE I

 

Mortgage Loan Schedule

 

	Property Name	Principal Balance	Primary Servicing Fee Rate

(basis points)
	Riverwalk II Mortgage Loan (Notes A-1, A-2 and A-5)	$35,000,000.00	0.125 
	Riverwalk II Companion Loans (Notes A-3, A-4 and A-6)	$25,000,000.00	0.125

 

Berkeley-Midland
Primary Servicing Agreement – UBS 2018-C14 – Schedule 

 

     

     

    

 

EXHIBIT
“A” 

 

(Day One Report)

 

(see attached)

 

    A-1

     

    

 

	Subservicer Name: _________________________________	 	 	 	 	 	 	 	 	 
	Deal Name: ______________________________________	 	 	 	 	 	 	 	 	 
	Reporting Period: _________________________________	 	DAY ONE REPORT	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Midland
    Loan #	Sub
    Loan #	Beg.
    Scheduled Prin Bal	Actual
    Paid To Date	Schdeuled
    Principal Balance	Prepayment
    Penalty	Prepayment
    Date	Scheduled
    Interest Payment	Scheduled
    Principal Payment	Scheduled
    P&I	Servicing
    Fee Rate	Servicing
    Fee	Net
    Remittance
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTALS:	 	 	 	 	 	 	 	 	 	 	 	 

 

    A-2

     

    

 

EXHIBIT “B”

 

(Inspection Reports)

 

(see attached)

 

    B-1

     

    

 

	 	 	 	 	 
	  	Mortgage
                                         Bankers Association
	Version:
        1.22
	  	Property
                                         Inspection Workbook Tools
	  	  
	  	  	  	  
	 
    	 General
    Purpose Tools 	 
    	 
    	 
    
	 
    	  	  	 
    
	 	 	 	 
	 
    	Select
                                         Check Spelling to run Excel’s spell checker 

                                         on all property inspection worksheets.
		 
    
	 
    	  	  	 
    
	 
    	  	  	 
    
	 	Select
                                         Print to display the MBA Property Inspection

                                         worksheet selection form where you can select the

        worksheet(s)
        to print.
		 
	 
    	 	 
    	 
    

  

	 
    	 Company
    Logo 	 
    	 
    	 
    
	 
    	  	  	 
    

	 
    	  	  	 
    
	  	  	  	  
	  	  	  	  
	  	  	  	  
	 See
                                         MBA Reference Guide for Property Inspection Report for instructions to insert logo

 

    B-2

     

    

 

MBA
INSPECTION FORM KEY 

	 	 
	Mortgage
    Bankers Association
	Standard
    Property Inspection Form Definitions
	For
    additional information, please refer to the MBA Inspections White Paper
	Ratings
    Definitions
	1	New
    or like new condition
All major building components are new or like new
All vacant units/space are rent ready &
    reflect the highest current market standards
No deferred maintenance items (only routine maintenance)
No life safety
    or code violations exist
Positive impact to marketability
Deferred Maintenance and Life Safety – No actions
    are required
	2	Above
    average condition for the property’s age and market, minimal wear and tear
All major building components in functional
    condition
All vacant units/space are rent ready or in the process of being made rent ready
No deferred maintenance items
    (only routine maintenance)
No life safety or code violations exist
No impact to marketability
Deferred Maintenance
    and Life Safety – No actions are required
	3	Normal
                                         condition for the property’s age and market, general wear and tear.

                                         All major building components in functional condition

                                         Most vacant units or space are rent ready or in the process of being made rent ready

                                         Minimal deferred maintenance and routine maintenance items with costs that can be funded
                                         by normal operations

                                         No/minor life safety or code violations exist

                                         No impact to marketability

                                         Deferred Maintenance and Life Safety - Appropriate actions are planned or in progress

	4	Deteriorating
                                         condition for the property’s age and market

                                         A building component is not in fully functional condition

                                         Few rent-ready units or space

                                         Limited major deferred maintenance &/or numerous minor deferred maintenance items

                                         Some life safety or code violations exist

                                         Negative impact to marketability

                                         Deferred Maintenance and Life Safety - Actions are not addressed as quickly
                                         as required and/or further action is necessary, additional monitoring may be appropriate
                                         

	5	Inferior
    conditions
Multiple building components non-functional
Vacant units or space are in poor to down condition
Severe
    deferred maintenance items
Multiple life safety or code violations exist
Negative impact to marketability
Deferred
    Maintenance and Life Safety – No Action taken and/or further action is necessary – additional monitoring is appropriate
	 Not
 Applicable	No
    components exist (therefore, no rating is possible)
	 Not
    
 Accessible	No
    component was visible due to inability to view the condition based on access, life safety, weather conditions or other blockages.
Deferred
    maintenance items can not be determined based on lack of access
Further action or review may be required

  

	Copyright
    2008 Mortgage Bankers Association, Washington, DC	

 

    B-3

     

    

 

General
Info     

	  	  	  	  	  	  	  	  	  
	Company
    Name/Logo	  	Standard
    Inspection Form
	  	  	  	  	  	  	  	  	  
	 Inspection Date	 
    	 
    	Time   	 
    	  	Property City	 
    	 
    
	 Loan Number	 
    	  	  	  	  	Property State/Country	 
    	/                    
	 Property Name	 
    	  	  	  	  	Overall Property Rating	 
    	 
    
	  	  	  	  	  	  	  	  	  
	 Servicer,
    Loan and Contact Information
	 Servicer Name	 
    	  	  	  	  	Contact Company	 
    	 
    
	 Owner of Loan	 
    	  	  	  	  	Contact Name	 
    	                /
	 Investor Number	 
    	     	  	  	  	Contact Phone	 
    	 
    
	 Investor Loan #	 
    	  	  	  	  	Contact
    Email	 
    	 
    
	 Property ID	 
    	  	  	  	  	Addt’l
    ID #1 (editable)	 
    	 
    
	 Original Loan Amount	  	 
    	  	  	  	Addt’l
    ID #2 (editable)	 
    	 
    
	 Loan Balance (UPB)	  	 
    	  	  	  	O&M Plan(1)	  	 
    
	 Loan Balance as
    of Date	  	 
    	  	  	  	Report Reviewed By	  	                    /
	 (1)
    Includes ALL Plans (such as, but not limited to, Operations &
    Maintenance, Moisture Management and Environmental Remediation)
	 Property
    and Inspector Information
	 Property Name	 
    	  	  	  	  	Primary Property Type	  	 
    
	 Property Address	 
    	  	  	  	  	Secondary Property Type	  	 
    
	 Property City	 
    	  	  	  	  	Inspection Company	  	 
    
	 Property State	 
    	  	  	  	  	Inspection Co. Phone	  	 
    
	 Property Zip	 
    	  	  	  	  	Inspector’s Name	  	                    /
	  	  	  	  	  	  	Inspector’s ID	  	 
    

 

	 Lender’s
    or Servicer’s General Comments or Instructions to Inspector for Subject Property:
	 
    
	 
    
	 
    
	 
    
	 
	 
    

 

	 Property
    Inspector’s General Comments or Suggestions to Lender or Servicer on the Subject Property:
	 
    
	 
    
	 
    
	 
	 
    
	 
    

	  	  	  	  	  	  	  
	 Overview
    of Property Information
	 Number of Buildings	 
    	  	Year Built	 
    
	 Number of Floors	 
    	  	  	  	Total Square Feet (Gross)	 
    
	 Number of Elevators	 
    	  	  	  	Total Sq. Feet (Net /
    Rentable)	 
    
	 Number of Parking
    Spaces	 
    	  	  	  	Occupied Space	 
    
	 Number of Units
    / Rooms / Beds	 
    	  	  	  	Vacant Space	 
    
	 Rent Roll obtained
    at Inspection	 
    	  	  	  	Total Percent Occupied	 
    
	 Total
    Number of Down Units / Rooms / Beds	  	 
    	  	Annual Occupancy	 
    
	 Unit of Measurement
    Used	  	  	 
    	  	Annual Turn Over	 
    
	  	  	  	  	  	  
	 Property
    Offers Rental Concessions	 
    	 
    	 
    	If
    yes, please describe concessions:
	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	 
    	  	  	  	  	  	 
    
	

    Copywrite 2008 Mortgage Bankers Association, Washington, DC	  	  	    

 

 

    B-4

     

    

 

General
Info     

	  	  	  	  	  	  	  	  	  	  	  	  
	 Inspection Date	 
    	 
    	        Time   	 
    	  	Property City	 
    	  	 
    
	 Loan Number	 
    	  	  	  	  	  	  	Property State/Country	 
    	  	/
	 Property Name	 
    	  	  	  	  	  	  	Overall Property Rating	 
    	  	 
    
	  	  	  	  	  	  	  	  	  	  	  	  
	 Franchise Name	 
    	  	Franchise
    change since last inspection	 
    
	  	  	  	  	  	  	  	  	  
	 Number
    of Occupied Units Inspected	  	 
    	  	  	Number of
    Vacant Units Inspected	  	 
    
	  	  	  	  	  	  	  	  	  
	 Is there
    any dark space?	 
    	  	  Describe:	 	 
	 Is there
    any down space?	 
    	  	  Describe:	 	 

	  	  	  	  
	 Capital
    Expenditures	  	  	  
	 Describe
    in detail Repairs, Replacements or Capital Improvements	Identified
    Cost	Status
	 
    	 
    	 
    
	 
    	 
    	 
    
	 
    	 
    	 
    
	 
    	 
    	 
    
	 
    	 
    	 
    
	 
    	 
    	 
    
	 
    	 
    	 
    
	 
    	 
    	 
    

	  	  	  	  	  	  	  	  
	 Neighborhood
    and Site Comparison Data
	 Is the
    area declining or distressed	  	 
    	  	Percent
    Use - %
	 Is there
    any new construction in the area	  	  	Single Family	 
    
	 Top 2 Major	1. 	Name or Type	 
    	 
    	  	Multifamily	 
    
	 Competitors:	  	  Distance	 
    	  	  	Commercial	 
    
	  	2.  	Name or Type	 
    	  	  	Industrial	 
    
	  	  	  Distance	 
    	  	  	Undeveloped	100%

 

	 Describe
    area, surrounding land use & overall trends (include location in relation to subject property - N, S, E, W):
	 
    
	 
    
	 
    
	 
    
	 
    
	 
    
	 
    
	 
    
	 
    
	 
    

	  	  	  	  	  	  	  	  
	 Management
    Company Information	  	  	  
	 Management Company
    Name	 
    	  	Phone Number	 
    
	 On Site Contact	                              /	  	Mgmt Interview	 
    
	 Role or Title of
    Contact	 
    	  	Length of
    time at property	 
    
	 Management Affiliation	 
    	  	Change since
    last inspection	  	 
    
	  	  	  	  	  	  	  
	 Other
    Information
	 Additional
    Collateral Description Information	  	  	  	  	  	  
	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	 
    	  	  	  	  	  	 
    
	
Copywrite
    2008 Mortgage Bankers Association, Washington, DC	  	  	    

 

    B-5

     

    

 

	  	 	 	  	  	  	  	  	  	  	  
	  	  	  	Physical
    Condition & DM     
	 	 	 	 
	Standard
                                         Inspection Form

         
	  	  
	Inspection Date	 
    	Time    	 
    	  	Property City	 
    
	Loan Number	 
    	  	Property State/Country	 
    	/	 
    
	Property Name	 
    	  	Overall Property
    Rating	 
    

 

	Physical
    Condition Assessment and Deferred Maintenance
	 

 

	Property
    Assessment

 

	Physical

        Condition
	Overall

        Rating
	Trend	Representative
                                         Components

        (Not all-inclusive)
	Inspector
    Comments
	 
    	 
    	  	  	  
	Curb
    Appeal	 
    	  	Comparison
    to Neighborhood; First Impression / Appearance	 
    
	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	  	  	  
	Site	 
    	  	Subject
    Property Appearance; Signage; Ingress/Egress; Landscaping; Site Lighting; Parking Lot; Striping; Garage/Carports; Irrigation
    System; Drainage; Retaining Walls; Walkways; Fencing; Refuse Containment & Cleanliness, Hazardous Material Storage	 
    
	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	  	  	  
	Building
                                         /

        Mechanical

        systems
	 
    	  	HVAC;
    Electrical; Boilers; Water Heaters; Fire Protection; Sprinklers; Plumbing; Sewer; Solar Systems; Elevators/ Escalators; Chiller
    Plant; Cooling Towers; Building Oxygen Systems; Intercom System; PA System; Security Systems	 
    
	 
    	 
    	 
    	 
    	 
    
	Building

        Exteriors
	 
    	 
    	Siding;
    Trim; Paint; Windows; Exterior Entry Ways; Stairs; Railings; Balconies; Patios; Gutters; Downspouts; Foundations; Doors; Façade;
    Structure (Beam/Joist)	 
    
	 
    	 
    	  	  	  
	Building

        Roofs
	 
    	  	Roof
    Condition; Roof Access; Top Floor Ceilings; Shingles/ Membrane; Skylights; Flashing; Parapet walls; Mansard roofs	 
    
	 
    	 
    	 
    	 
    	 
    
	Occupied

        Units
        / Space
	 
    	 
    	HVAC;
    Ceiling; Floors; Walls; Painting; Wall Cover; Floor Cover; Tiles; Windows; Countertop; Cabinets; Appliances; Lighting; Electrical;
    Bathroom Accessories; Plumbing Fixtures; Storage; Basements/Attics	 
    
	 

        Vacant
        Units /

        Space
        /

        Hotel
        Rooms

         
	 
    	 
    	HVAC;
    Ceiling; Floors; Walls; Painting; Wall Cover; Floor Cover; Tiles; Windows; Countertop; Cabinets; Appliances; Lighting; Electrical;
    Bathroom Accessories; Plumbing Fixtures; Storage; Basements/Attics	 
    
	 

        Down
        Units /

        Space
        /

        Hotel
        Rooms

         
	 
    	 
    	HVAC;
    Ceiling; Floors; Walls; Painting; Wall Cover; Floor Cover; Tiles; Windows; Countertop; Cabinets; Appliances; Lighting; Electrical;
    Bathroom Accessories; Plumbing Fixtures; Storage; Basements/Attics	 
    
	 
    	 
    	  	  	  
	Interior

        Common

        Areas
	 
    	  	Mailboxes;
    Reception Area; Lobby; Food Courts; Dining Areas; Kitchen; Halls; Stairways; Meeting Rooms; Public Restrooms; Storage; Basement;
    Healthcare Assistance Rooms; Pharmacy / Medication Storage; Nurses Station	 
    
	 
    	 
    	 
    	 
    	 
    

 

	Copyright
    2008 Mortgage Bankers Association, Washington, DC	     

 

    B-6

     

    

 

	 	 	 	 	 	 	 	 	 	 	 
	  	 	 	  	  	 	 	 	Physical
    Condition & DM     
	 	 	 	 
	Inspection Date	 
    	Time    	 
    	  	Property City	 
    
	Loan Number	 
    	  	Property State/Country	 
    	/	 
    
	Property Name	 
    	  	Overall Property
    Rating	 
    

 

	Amenities
	 
    	 
    	Pool; Clubhouse;
        Gym; Laundry Area / Rooms; Playground; Wireless Access; Restaurant/Bar; Business Center; Sport Courts; Spa; Store; Media
        Center
	 
    
	Management

        Competence
	 
    	 
    	Professionalism;
    Ability to respond to questions; Knowledge of property; Knowledge of neighborhood/ market; Preparedness for inspection; Had
    all requested paperwork; Tenants notified	 
    

 

	Exterior
    - Additional description of the property conditions:
	 

         

         

	  
	Interior
    - Additional description of the property conditions:
	 

         

         

 

	Deferred
    Maintenance Items

 

	Identify
    Item and Describe Condition (including location)	Rating	Photo

        #
	Life

        Safety
	Est.
    Cost
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    
	 

         
	 
    	 
    	 
    	 
    

 

	Copyright
    2008 Mortgage Bankers Association, Washington, DC	     

 

    B-7

     

    

 

	  	  	  	  	  	  	  	  	 	 	  
	Standard Inspection Form	  	  
	  	  	  	  	  	  	  	  	  	  
	Inspection Date	 
    	Time   	 
    	  	Property City	 
    	 
    	 
    
	Loan Number	 
    	 
    	 
    	  	Property State/Country	 
    	 
    	  /	 
    
	Property Name	 
    	 
    	 
    	  	Overall Property
    Rating	  	 
    
	  	  	  	  	  	  	  	  	  
	Photos

  

    B-8

     

    

  

Mgmt Interview      

	  	  	  	  	  	  	  	  	 	 	  
	Company
    Name/Logo	  	  	Standard
    Inspection Form
	  	  	  	  	  	  	  	  	  	  
	Inspection Date	 
    	Time   	 
    	  	Property City	 
    	 
    	 
    
	Loan Number	 
    	 
    	 
    	  	Property State/Country	 
    	 
    	  /	 
    
	Property Name	 
    	 
    	 
    	  	Overall Property
    Rating	  	 
    
	  	  	  	  	  	  	  	  	  
	Management
    Information & Interview

 

	  	 
    	  	  	 
    	 
    	 
    
	Management Company Name	 
    	  	Phone Number	 
    	 
    
	Name of Information Source	                       /	  	Email Address	 
    	 
    
	Role or Title of Information
    Source	 
    	  	Length of
    time at property	 
    
	Management Affiliation	 
    	  	Mgmt change
    from last inspection	 
    

	  	  	  
	In your opinion, how does
    the property perform compared to similar properties in the area?	 
    	 
    
	In your opinion, what
    is the average percentage of vacancy in similar properties in the area?	  	 
    
	Based on market survey,
    what is the current average rents paid in the area ($ per square foot/units/beds)?	  	 
    
	In
    your opinion, explain the reason for any variance on vacancy & rents between the market and the subject property:	  	  
	 
    	  	 
    
	  	  	  
	In the past 12 months,
    have there been any fires, significant water intrusion or other property damage?	  	 
    
	If
    yes, explain the location on the property, costs associated, any insurance claims submitted, resolution & leaseability:	  	  
	 
    	  	 
    
	  	  	  
	In the past 12 months,
    to the best of your knowledge, have any code violations been received?	  	 
    
	If
    yes, please describe the violation, the costs associated and any resolution or outstanding issues:	  	  
	 
    	  	 
    
	  	  	  
	Is the property undergoing
    any significant rehab/construction?	  	 
    
	If
    yes, explain the location, size and estimated costs:	  	  
	 
    	  	 
    
	  	  	  
	Is the property in compliance
    with ALL O&M Plan(s)?	 
    	 
    
	(Plans
    such as, but not limited to, Operations and Maintenance, Moisture Management and Environmental Remediation.)	  	  
	If
    no, please explain which plan(s), the requirements, noncompliance items and estimated costs:	  	  
	 
    	  	 
    
	  	  	  
	Any change or violations
    of a Franchise Agreement or License(s) at the property?	 
    	 
    
	If
    yes, please explain any change or violation, costs & any resolution or outstanding issues:	  	  
	 
    	  	 
    
	  	  	  
	To the best of your knowledge,
    are there any lawsuits pending that may negatively impact the property?	  	 
    
	If
    yes, please explain:	  	  
	 
    	  	 
    
	  	  	  
	Other
    Information or Comments:	  	  
	 
    	  	  
	 
    	  	 
    
	  	  	  
	Copyright
    2008 Mortgage Bankers Association, Washington, DC	  	   

 

    B-9

     

    

 

Multifamily 

 

Standard
Inspection Form 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inspection
    Date	 
    	 
    	Time	 
    	 
    	 
    	Property
    City	 
    
	Loan
    Number	 
    	 
    	 
    	Property
    State/Country	 
    	 /	 
    
	Property
    Name	 
    	 
    	 
    	Overall
    Property Rating	 
    

 

	Multifamily,
    Mobile Homes, Cooperative Housing, Student Housing

	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	Property
    Information
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	Heat at the
    Property	 
    	  	  	Gas at the
    Property	 
    
	Water at the
    Property	 
    	  	  	Trash at the
    Property	 
    
	Electric at
    the Property	 
    	  	  	Cable at the
    Property	 
    
	Change to
    Major Employer	 
    	  	  	If yes, describe:	 
    
	Change to
    Commercial/Retail	 
    	  	  	If yes, describe:	 
    
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  Unit Breakdown	 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	#
    of Bedrms	#
    of Bath	#
    of Units	Avg
    Ft2
    / Unit	Monthly
    Rent	#
    Occupied	#
    Vacant	#
    Down	#
    Inspected
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	Totals	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	Tenant Profile	 	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	 
    	 
    
	   Corporate	 
    	  	Military	 
    	  	Seasonal	 
    	  	Seniors	 
    	  	Students	 
    	Other	100%
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	Property
    Condition
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	Detailed
    Report of Units Inspected	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	Unit
    #	#
    of Bedrms	#
    of Bath	Square
    Feet	Asking
    Rent	Current
    Use	 Overall
    Condition	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    

 

	Copyright
    2008 Mortgage Bankers Association, Washington, DC	    

 

 

    B-10

     

    

 

Healthcare     

 

Standard
Inspection Form

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inspection
    Date	 
    	 
    	Time	 
    	 
    	 
    	Property
    City	 
    
	Loan
    Number	 
    	 
    	 
    	Property State/Country
	 
    	   /	 
    
	Property
    Name	 
    	 
    	 
    	Overall Property
        Rating
	 
    

 

	Healthcare,
    Nursing Home, Hospitals

	 
	   Property Information
	 

	 	 	 	 	 	 	 	 	 	 
	 	General Information	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	Total Number of Beds	 	 	 	Number of Beds Occupied	 
	 	 	 	 	 	% Occupied	 
	 	 	 	 	 	 	 
	 	New Patients Currently being Accepted  	 	 	 	Admission Waiting Period	 
	 	 	 	 	 	Proximity to a Hospital	 

	 	 	 	 	 	 	 	 	 	 
	 	Level of Care Breakdown	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	Unit Type	Total #

Beds	Total # Beds Occupied	
        Total # 

        Units
	Total # Units

Occupied	Avg. S.F. / 

Unit	 Monthly 

Rent	# Beds

Vacant
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	  Totals	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Administrator’s Name	 	/	 	 	Length of Time at Property	 	 
	 	Director of Nursing’s Name	 	/	 	 	Length of Time at Property	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Direct Care Staff Numbers	 	Day	Evening	Night	Comments
	 	 	Nurses -	RNs	 	 	 	 	 
	 	 	Nurses -	LPNs	 	 	 	 	 
	 	 	Other Direct Care	 	 	 	 
	 	Non Direct Care Personnel	 	 	 	 
	 	Total Staff	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Regulatory / Licensing Agency Information	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	Name of the Agency	 	 	 	Contact Person	                         /	 	 
	 	Expiration Date of Operating License	 	 	All Licenses Current	 	 	 
	 	Date of last Medicare inspection	 	 	Property Medicare Certified	 
	 	Date of last Medicaid inspection	 	 	Property Medicaid Certified	 
	 	Please describe any violations, costs associated, resolution or outstanding issues: 
	 	 

 

	      Copyright
    2008 Mortgage Bankers Association, Washington, DC	

 

    B-11

     

    

 

Healthcare     

 

Standard
Inspection Form

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inspection
    Date	 
    	 
    	Time	 
    	 
    	 
    	Property
    City	 
    
	Loan
    Number	 
    	 
    	 
    	Property State/Country
	 
    	   /	 
    
	Property
    Name	 
    	 
    	 
    	Overall Property
        Rating
	 
    

	 	 	 	 	 	 	 	 	 
	Property Condition	 	 	 	 
	Handrails in the halls	 	 	Exits clearly marked	 
	Grab bars present in rest rooms	 	 	Intercom System	 
	Staff interacts well with residents	 	 	Generator Function	 
	Facility looks and smells clean	 	 	 	 
	Additional description of any safety or deficiency issues observed: 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Units or Beds Inspected	 	 	 	 	 
	 	 	 	 	 	 	 
	Down Units (List the unit #)	 	 	 	 
	 	 	 	 	 	 	 
	Detailed Report of Units Inspected	 	 	 	 

 

	Unit #	# of Bedrms	# of Bath	Square Feet	Asking Rent	Current Use	Overall Condition
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

  

	      Copyright
    2008 Mortgage Bankers Association, Washington, DC	

 

    B-12

     

    

  

Standard
Inspection Form

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inspection
    Date	 
    	 
    	Time	 
    	 
    	 
    	Property
    City	 
    
	Loan
    Number	 
    	 
    	 
    	Property State/Country
	 
    	   /	 
    
	Property
    Name	 
    	 
    	 
    	Overall Property
        Rating
	 
    

	  	 	 	 	 	 	 	 	 	  	 	 	  	 	  
	Rent
    Roll
	  	  	  	  	  	  	  	  	  	  	  
	 	 	 	 	 	 	 	 	 	 	 
	Rent Roll Attached	 
    	  	  	(Select
    One)	  	  
	Rent Roll Summary Attached	 
    	  	  	  	  	  	  
	Single Tenant Property	 
    	  	  	Lease expires:	  	  
	Hospitality Property	 
    	  	  	YTD ADR:	  	  	RevPAR: 	 	  	ADO: 	  
	  	  	  	  	  	  	  	  	  	  	  
	Insert
    Rent Rolls in the space below using Excel commands or via Copy and Paste

  

	Copyright
    2008 Mortgage Bankers Association, Washington, DC	     

 

    B-13

     

    

  

Standard
Inspection Form

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inspection
    Date   	 
    	Time	 
    	 
    	 
Property
    City    		 
    
	Loan
    Number   	 
    	 
    	Property State/Country	  	 
	 
    	   	 
    
	Property
    Name   	 
    	 
    	Overall Property
        Rating	
	 
    

 

	Maps
	  

 

	  	Regional
    Map
	  	  
	  	 

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

	  	  
	  	Neighborhood
    Map
	  	  
	  	 

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

  

	Copyright
    2008 Mortgage Bankers Association, Washington, DC	    

 

    B-14

     

    
 

Comprehensive
Assessment Addendum     

	  	 	  
	Company
    Name/Logo	 	Standard
    Inspection Form

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inspection
    Date	 
    	 
    	Time	 
    	 
    	 
    	Property
    City	 
    
	Loan
    Number	 
    	 
    	 
    	Property State/Country
	 
    	   /	 
    
	Property
    Name	 
    	 
    	 
    	Overall Property
        Rating
	 
    

 

	 
    	 
    	 
    	 
    	 
    
	Limitations
    of Field Assessment
	  
	Did
    you experience any of the following limitations to performing this field assessment:  (Choose Yes/No)	  
	  	Management
    unavailable for interview or management experience on the property is less than six months	 
    
	  	Occupied units
    were unavailable for assessment, or the total number of units available (occupied or unoccupied) was insufficient	 
    
	  	Significant
    portions of the common areas, amenities or basements, etc. were unavailable for assessment	 
    
	  	Snow was covering
    most exterior areas (parking lots, roofs, landscape areas)	 
    
	  	Other	  	  	  
	  	None	 
    	  	  
	  	Comment:	 
    	  	 
    

	  	  	  
	Comprehensive
    Property Assessment Ratings
	  	  	  
	1.  	Life
    Safety (Choose the one that applies from the drop down menu):
	  	 
    
	  	Comment:	 
    
	  	  	  
	2.	Deferred
    Maintenance (Choose the one that applies from the drop down menu):
	  	 
    
	  	Comment:	 
    
	  	  	  
	3.	Routine
    Maintenance (Choose the one that applies from the drop down menu):
	  	 
    
	  	Comment:	 
    
	  	  	  
	4.	Capital
    Needs (Choose the one that applies from the drop down menu):
	  	 
    
	  	Comment:	 
    
	  	  	  
	5.	Level/Volume
    of issues noted and appropriate follow-up recommendations (Choose the one that applies from the drop down menu):
	  	 
    
	  	Comment:	 
    

	  	  	  	  	  	  
	Overall
    Rating and Additional Comments
	  
	Overall
    Rating Scale:	 

         
	  
	  	  	1
    = No substantial concerns observed. No further action required.
	 	 	 
	  	  	2 = Some
    minor issues noted. Limited follow-up required.
	 	 	 
	  	  	3 = Substantial
    and/or critical issues noted. Documented follow-up required.
	 	 	 
	  	  	4 = Overall
    condition showing signs of deterioration. Documented follow-up with possible action plan required.
	 	 	 
	  	  	5 = Severe
    deferred maintenance observed. Follow-up and substantial action plan required.
	  	  	  	  	  
	  	Comment: 	 

         

	  	  	  	  	  
	Inspector
    Information
	  	  	  	  	  
	Seller/Servicer
    Certification	Date:	 
    	 
    
	  	  	  	  	  
	First
    Name:	 
    	 
    	 
    	 
    
	Last
    name:	 
    	 
    	 
    	 
    
	Title:	 
    	 
    	 
    	 
    
	Phone
    Number:	 
    	 
    	 
    	 

  

	Copywrite
    2008 Mortgage Bankers Association, Washington, DC	    

 

    B-15

     

    

 

Comprehensive
Assessment Addendum     

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inspection
    Date	 
    	 
    	Time	 
    	 
    	 
    	Property
    City	 
    
	Loan
    Number	 
    	 
    	 
    	Property State/Country
	 
    	   /	 
    
	Property
    Name	 
    	 
    	 
    	Overall Property
        Rating
	 
    

 

	Email
    Address:	 
    	 
    	 
    	  

  

	Copywrite
    2008 Mortgage Bankers Association, Washington, DC	

 

    B-16

     

    

 

EXHIBIT
“C”

 

(Quarterly
Reports)

 

(see
attached)

 

    C-1

     

    

 

	 	 	 	 	 	 	 	 	 
	Transaction/Securitization
    Name  	 	 	 	 	 	 	 
	Subservicer:	  	 
    	 
    	 
    	  	  	  	  
	Quarter
    Ending:	  	 
    	 
    	 
    	  	INSURANCE
    MONITORING REPORT

  

	 Servicer 
Loan
    #	MLS
 Loan
    # 	 Borrower 
Name	 Property 
Name	 Property 
Address	 Effective 
Date	 Expiration 
Date	 Insurance 
Co.	Type
    of
 Coverage 	Policy
 Number 	 Coverage 
Amount	 Deductible 	 Escrowed 
(Y/N)	 Loss Payee Endorsement 

        Reflects Trust
        (Y/N)
	Meets
Qualified
    Ins
 Ratings (Y/N) 	Frequency
    of
 Disbursement 
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    

 

Note:  Please
include one line per Insurance coverage.

  

The
undersigned hereby certifies that it holds in its custody a certificate or other appropriate proof of valid insurance on the individual
properties which are securing mortgage loans held by the above referenced “transaction/securitization” which
are subserviced by the undersigned on behalf of Midland Loan Services, Inc. The hazard coverage provided by such policies
complies with the requirements of the individual loan documents. The properties are correctly identified in the policies,
and all improvements thereon to be insured are included and properly described; that the name or names of the insured exactly
conform to the names or names in which title is held; that a standard, non contributory clause in favor of _______________________ is
or endorsed on the policies. The amount of coverage is not less than the amount required under the individual loan documents.

 

	Certified
    By:	 	 
	Date
    Printed:	 	 
	Title:	 	 

 

    C-2

     

    

 

	 	 	 	 	 	 	 	 	 
	Transaction/Securitization
    Name  	 	 	 	 	 	 	 
	Subservicer:	  	 
    	 
    	 
    	  	  	  	  
	Quarter
    Ending:	  	 
    	 
    	 
    	  	TAX
    MONITORING REPORT

  

	
 Servicer Loan

 #	MLS
 Loan # 	 Borrower 
Name	 Property
    Name 	 Property 
Address	 Property
    City 	 Property 
State	 Property
    Zip 
Code	 Parcel
    No. 	 Tax Authority 
Name	 Tax
    Type 	Next
    Tax
 Due Date 	 Escrowed 
(Y/N)
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    

 

Note:  Please
include one line per tax parcel.

  

The
undersigned hereby certifies that it has inspected actual tax receipts or has otherwise verified full payment of all real estate
taxes for the year __________________________ and prior years on properties covered by all mortgage loans subserviced by
it on behalf of Midland Loan Services, Inc., and held by __________________________ excepting only the loans hereinafter
listed; the undersigned further certifies that no unredeemed sales certificates or other tax liens are outstanding against any
of the aforesaid properties other than as stated below.

  

	Loan
    Number	Mortgagor	Explanation

  

	Certified
    By:	 	 
	Date
    Printed:	 	 
	Title:	 	 

 

    C-3

     

    

 

	 	 	 	 	 	 	 	 	 
	Transaction/Securitization
    Name  	 	 	 	 	 	 	 
	Subservicer:	  	 
    	 
    	 
    	  	  	  	  
	Quarter
    Ending:	  	 
    	 
    	 
    	  	UCC
    MONITORING REPORT

 

	Servicer
    Loan 

#	MLS
Loan #	Borrower
Name	State
    of Incorporation 

or State of Residence	Property
Name	Filing
    Type	Filing
Location	Original Filing 
Number	Original
Filing
    Date	Expiration
Date	
Trust
    is Named
Beneficiary (Y/N)
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    
	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    

 

	Note:  Please
    include one line per UCC filing.

 

The
undersigned hereby certifies that it has inspected actual UCC-1 filings or has otherwise verified filing of all UCC-1 documents
and further certifies that there has been no lapse in lien position on the collateral secured by said UCC-1 filings for all loans
subserviced on behalf of Midland Loan Services, Inc., and held by     ______________________________ .

  

	Certified
    By:	 	 
	Date
    Printed:	 	 
	Title:	 	 

  

	Please
    forward to Midland Loan Services copies of all filings and attachments.	  

	If
    copies cannot be supplied, Midland will need the following information:

 

	  	  	Exact
    Name and Address of current beneficiary (if not assigned to the Trust)
	  	  	Complete
    Address of the Borrower
	  	  	Copies
    of collateral description and legal description

 

    C-4

     

    

 

EXHIBIT
“D”

 

(Remittance
Reports)

 

(see
attached)

 

    D-1

     

    

  

	TRANSACTION
    NAME:	 
    	 
    	  	  	  	  	  
	SUBSERVICER:	 
    	 
    	  	  	  	  	  
	FOR
    DISTRIBUTION DATE:	  	  	  	  	  	  	  

 

	MASTER

        SERVICER #
	 SUBSERVICER 

        LOAN #
	BORROWER
NAME	BEGINNING

        BALANCE
	PAYMENT
AMOUNT	PRINCIPAL
    AMOUNT	INTEREST
AMOUNT	SERVICE

        FEE
	NET
INTEREST	NET

        REMITTANCE
	ENDING

        BALANCE
	PAYMENT
DATE
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	 
    	 
    	  	 
    	  	 
    	  	 
    	  	 
    	  	 
    
	TOTALS	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    	 
    

 

    D-2

     

    

 

EXHIBIT “E”

 

(Form of Mortgagee Clause for Insurance
Policies)

 

The mortgagee clause for insurance policies
should be as follows:

 

Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, on behalf of
Wells Fargo Bank, National Association, as Trustee, for the benefit of the Holders of UBS
Commercial Mortgage Trust 2018-C14, Commercial Mortgage Pass-Through Certificates, Series 2018-C14  

 

    E-1

     

    

 

 

EXHIBIT “F”

 

QUARTERLY SERVICING CERTIFICATION

 

	Primary Servicer: 	 	 

  

RE: UBS 2018-C14

 

Pursuant to the Primary Servicing Agreement,
dated as of December 1, 2018, between Midland Loan Services, a Division of PNC Bank, National Association and the above-referenced
Primary Servicer (the “Primary Servicing Agreement”), we certify with respect to each Mortgage Loan serviced by us
for Midland Loan Services, a Division of PNC Bank, National Association that as of the quarter ending ____________________:

 

		●	Primary Servicer has performed all required covenant testing and has completed and submitted all
reports required pursuant to Section 3.01 of the Primary Servicing Agreement and Section 3.12 of the PSA.

 

Capitalized terms used but not defined herein shall have the
meanings given in the Primary Servicing Agreement.

 

		 	 
	Servicing Officer	 	Date

 

    F-1Exhibit

  Exhibit 10.26

Thirteenth Amendment To
Amended and Restated Credit Agreement
This Thirteenth Amendment to Amended and Restated Credit Agreement (herein, the “Amendment”) is entered into as of January 25, 2018, by and among INTL FCStone Financial Inc., a Florida corporation (“Borrower”), the Guarantors party to this Amendment, the financial institutions party to this Amendment, as lenders (the “Lenders”), and Bank of Montreal, as administrative agent (the “Administrative Agent”).
Preliminary Statements
A.    The Borrower, the Guarantors, the Lenders and the Administrative Agent entered into a certain Amended and Restated Credit Agreement dated as of June 21, 2010, as amended (the “Credit Agreement”).  All capitalized terms used herein without definition shall have the same meanings herein as such terms have in the Credit Agreement.
B.    The Borrower has requested that the Lenders amend the Credit Agreement, and the Lenders are willing to do so under the terms and conditions set forth in this Amendment.
Now, Therefore, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
		
	Section 1.
	Amendment.

Subject to the satisfaction of the conditions precedent set forth in Section 2 below, the Credit Agreement shall be and hereby is amended as follows:
1.1    Section 8.7(g) of the Credit Agreement shall be amended and restated to read in its entirety as follows:
(g)    (i) Indebtedness of the Borrower owing to Bank of New York Mellon Corporation (“BONY”) so long as such Indebtedness is repaid within one Business Day, and (ii) Indebtedness of the Borrower owing to BONY in connection with the financing of securities and other financial instruments bought or sold in the normal day to day conduct of the Borrower’s or any Subsidiary’s business, including but not limited to any margin facility or other margin‐related Indebtedness incurred to finance such securities or instruments;
1.2.    Section 8.8(e) of the Credit Agreement shall be amended and restated to read in its entirety as follows:
(e)    (i) Liens created solely for the purpose of securing indebtedness permitted by Section 8.7(f) hereof; and (ii) Liens securing Indebtedness permitted under Section 8.7(g)(ii); provided, that no such Lien shall extend to or cover other Property of the Borrower or any Subsidiary other than the securities and other financial instruments being financed by such Indebtedness;

		
	Section 2.
	Conditions Precedent.

This Amendment shall become effective upon satisfaction of all of the following conditions precedent:
2.1.    The Borrower, the Guarantors, the Lenders and the Administrative Agent shall have executed and delivered this Amendment.
2.2.    Legal matters incident to the execution and delivery of this Amendment shall be satisfactory to the Administrative Agent and its counsel.
		
	Section 3.
	Representations.

In order to induce the Administrative Agent and the Lenders to execute and deliver this Amendment, the Borrower hereby represents to the Administrative Agent and the Lenders that as of the date hereof (a) the representations and warranties set forth in Section 6 of the Credit Agreement are and shall be and remain true and correct in all material respects (except to the extent that such representations and warranties relate to an earlier date) and (b) it is in compliance with the terms and conditions of the Credit Agreement and no Default or Event of Default has occurred and is continuing under the Credit Agreement or shall result after giving effect to this Amendment.
		
	Section 4.
	Miscellaneous.

4.1.    Except as specifically amended herein, the Credit Agreement, including without limitation the Guarantees set forth in Section 11 thereof and the Notes issued pursuant to Section 1.9 thereof, shall continue in full force and effect in accordance with its original terms.  Reference to this specific Amendment need not be made in the Credit Agreement, the Notes, or any other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to or with respect to the Credit Agreement, any reference in any of such items to the Credit Agreement being sufficient to refer to the Credit Agreement as amended hereby.
4.2.    The Borrower agrees to pay on demand all out of pocket costs and expenses of or incurred by the Administrative Agent in connection with the negotiation, preparation, execution and delivery of this Amendment, including the fees and expenses of counsel for the Administrative Agent.
4.3.    This Amendment may be executed in any number of counterparts, and by the different parties on different counterpart signature pages, all of which taken together shall constitute one and the same agreement.  Any of the parties hereto may execute this Amendment by signing any such counterpart and each of such counterparts shall for all purposes be deemed to be an original.  Delivery of executed counterparts of this Amendment by telecopy or by e‐mail transmission of an Adobe portable document format file (also known as a “PDF” file) shall be effective as an original.  This Amendment shall be governed by the internal laws of the State of Illinois.
[Signature Page to Follow]

This Thirteenth Amendment to Amended and Restated Credit Agreement is entered into as of the date and year first above written.
                        
INTL FCSTONE FINANCIAL INC., as the Borrower 

By        /s/ William J. Dunaway
Name        William J. Dunaway
Title        CFO
                                 
INTL FCSTONE, INC., as the Guarantor 
                                                            
By        /s/ William J. Dunaway
Name        William J. Dunaway
Title        CFO
                        
By        /s/ Bruce Fields
Name        Bruce Fields
Title        Treasurer
                        
                        
Accepted and agreed to.
BANK OF MONTREAL, as Administrative Agent 
By        /s/ Krupa Tantuwaya
Name        Krupa Tantuwaya
Title        Vice President
                        
BMO HARRIS FINANCING, INC., as a Lender 
By        /s/ Krupa Tantuwaya
Name        Krupa Tantuwaya
Title        Vice President

[Signature Page to Thirteenth Amendment to Amended and Restated Credit Agreement]

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