Document:

EXHIBIT 4.2

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                                                             EXECUTION VERSION

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             CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
                                  (Depositor)

                                      and

                            COLUMN FINANCIAL, INC.
                                   (Seller)

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                       MORTGAGE LOAN PURCHASE AGREEMENT

                         Dated as of February 26, 2004

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                               TABLE OF CONTENTS

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<S>           <C>                                                                 <C>
Section 1.    Transactions on or Prior to the Closing Date.........................1
Section 2.    Closing Date Actions.................................................1
Section 3.    Conveyance of Mortgage Loans.........................................2
Section 4.    Depositor's Conditions to Closing....................................9
Section 5.    Seller's Conditions to Closing......................................10
Section 6.    Representations and Warranties of Seller............................10
Section 7.    Obligations of Seller...............................................13
Section 8.    Crossed Mortgage Loans..............................................17
Section 9.    [Reserved]..........................................................17
Section 10.   Representations and Warranties of Depositor.........................17
Section 11.   Survival of Certain Representations, Warranties and Covenants.......18
Section 12.   Transaction Expenses................................................18
Section 13.   Recording Costs and Expenses........................................18
Section 14.   Notices.............................................................19
Section 15.   Examination of Mortgage Files.......................................19
Section 16.   Successors..........................................................19
Section 17.   Governing Law.......................................................19
Section 18.   Severability........................................................20
Section 19.   Further Assurances..................................................20
Section 20.   Counterparts........................................................20
Section 21.   Treatment as Security Agreement.....................................20
Section 22.   Recordation of Agreement............................................21

Schedule I        Schedule of Transaction Terms
Schedule II       Mortgage Loan Schedule
Schedule III      Mortgage Loans Constituting Mortgage Groups
Schedule IV       Mortgage Loans with Lost Notes
Schedule V        Exceptions to Seller's Representations and Warranties
Exhibit A         Representations and Warranties Regarding the Mortgage Loans
Exhibit B         Form of Lost Note Affidavit

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                                      i
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                       MORTGAGE LOAN PURCHASE AGREEMENT

            This Mortgage Loan Purchase Agreement (this "Agreement"), dated as
of February 26, 2004, is made by and between COLUMN FINANCIAL, INC., a
Delaware corporation ("Seller"), and CREDIT SUISSE FIRST BOSTON MORTGAGE
SECURITIES CORP., a Delaware corporation ("Depositor").

                                   RECITALS

            I.  Capitalized terms used herein without definition have the
meanings ascribed to them in the Schedule of Transaction Terms attached hereto
as Schedule I, which is incorporated herein by this reference, or, if not
defined therein, in the Pooling and Servicing Agreement specified on such
Schedule of Transaction Terms.

            II.  On the Closing Date, and on the terms set forth herein, Seller
has agreed to sell to Depositor and Depositor has agreed to purchase from
Seller the mortgage loans identified on the schedule (the "Mortgage Loan
Schedule") annexed hereto as Schedule II (each such mortgage loan, a "Mortgage
Loan" and, collectively, the "Mortgage Loans"). Depositor intends to deposit
the Mortgage Loans and other assets into a trust fund (the "Trust Fund")
created pursuant to the Pooling and Servicing Agreement and to cause the
issuance of the Certificates.

                                   AGREEMENT

            NOW, THEREFORE, on the terms and conditions set forth below and
for good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, Depositor and Seller agree as follows:

            Section 1.  Transactions on or Prior to the Closing Date. On or
prior to the Closing Date, Seller shall have delivered the Mortgage Files with
respect to each of the Mortgage Loans listed in the Mortgage Loan Schedule to
Wells Fargo Bank, N.A. as trustee (the "Trustee") or its designee, against
receipt by Seller of a written receipt, pursuant to an arrangement between
Seller and the Trustee; provided, however, that, in the case of the Group 1
Mortgage Loans, item (a)(xvi) in the definition of Mortgage File (below) shall
be delivered to the applicable Master Servicer for inclusion in the Servicer
File (defined below) with a copy delivered to the Trustee for inclusion in the
Mortgage File; and provided, further, that Seller shall pay (or cause the
related Borrower to pay) any costs of the assignment or amendment of each
letter of credit described under said item (a)(xvi) required in order for the
Trustee to draw on such letter of credit pursuant to the terms of the Pooling
and Servicing Agreement and shall deliver the related assignment or amendment
documents within thirty (30) days after the Closing Date. In addition, prior
to such assignment or amendment of a letter of credit, Seller will take all
necessary steps to enable the applicable Master Servicer to draw on the
related letter of credit on behalf of the Trustee pursuant to the terms of the
Pooling and Servicing Agreement, including, if necessary, drawing on the
letter of credit in its own name pursuant to written instructions to draw from
the applicable Master Servicer and upon receipt, immediately remitting the
proceeds of such draw (or causing such proceeds to be remitted) to the
applicable Master Servicer.

            Section 2. Closing Date Actions. The sale of the Mortgage Loans
shall take place on the Closing Date, subject to and simultaneously with the
deposit of the Mortgage Loans into the Trust

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Fund, the issuance of the Certificates and the sale of (a) the Publicly
Offered Certificates by Depositor to the Underwriters pursuant to the
Underwriting Agreement and (b) the Private Certificates by Depositor to the
Initial Purchaser pursuant to the Certificate Purchase Agreement. The closing
(the "Closing") shall take place at the offices of Sidley Austin Brown & Wood
LLP, 787 Seventh Avenue, New York, New York 10019, or such other location as
agreed upon between the parties hereto. On the Closing Date, the following
actions shall take place in sequential order on the terms set forth herein:

                  (i) Seller shall sell to Depositor, and Depositor shall
      purchase from Seller, the Mortgage Loans pursuant to this Agreement for
      the Mortgage Loan Purchase Price payable in accordance with instructions
      previously provided to Depositor by Seller. The Mortgage Loan Purchase
      Price shall be paid by Depositor to Seller or at its direction by wire
      transfer in immediately available funds to an account designated by
      Seller on or prior to the Closing Date. The "Mortgage Loan Purchase
      Price" shall be the price mutually agreed upon as such in writing
      between Depositor and Seller.

                  (ii) Pursuant to the terms of the Pooling and Servicing
      Agreement, Depositor shall sell all of its right, title and interest in
      and to the Mortgage Loans to the Trustee for the benefit of the Holders
      of the Certificates.

                  (iii) Depositor shall sell to the Underwriters, and the
      Underwriters shall purchase from Depositor, the Publicly Offered
      Certificates pursuant to the Underwriting Agreement, and Depositor shall
      sell to the Initial Purchaser, and the Initial Purchaser shall purchase
      from Depositor, the Private Certificates pursuant to the Certificate
      Purchase Agreement.

                  (iv) The Underwriters will offer the Publicly Offered
      Certificates for sale to the public pursuant to the Prospectus and the
      Prospectus Supplement and the Initial Purchaser will privately place
      certain classes of the Private Certificates pursuant to the Offering
      Circular.

            Section 3. Conveyance of Mortgage Loans. On the Closing Date,
Seller shall sell, convey, assign and transfer, subject to any related
servicing rights of any applicable Master Servicer under, and/or any
applicable Primary Servicer contemplated by, the Pooling and Servicing
Agreement, without recourse except as provided herein, to Depositor, free and
clear of any liens, claims or other encumbrances, all of Seller's right, title
and interest in, to and under: (i) each of the Mortgage Loans identified on
the Mortgage Loan Schedule and (ii) all property of Seller described in
Section 21(b) of this Agreement, including, without limitation, (A) all
scheduled payments of interest and principal due on or with respect to the
Mortgage Loans after the Cut-off Date and (B) all other payments of interest,
principal or prepayment premiums received on or with respect to the Mortgage
Loans after the Cut-off Date, other than any such payments of interest or
principal or prepayment premiums that were due on or prior to the Cut-off
Date. The Mortgage File for each Mortgage Loan shall contain the following
documents on a collective basis:

            (a) in the case of each Mortgage Loan (other than the Mayfair Mall
Mortgage Loan and the Stanford Shopping Center Mortgage Loan)--

                  (i) the original Note (or with respect to those Mortgage
      Loans listed in Schedule IV hereto, a "lost note affidavit"
      substantially in the form of Exhibit B hereto and a true and complete
      copy of the Note), bearing, or accompanied by, all prior and intervening

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      endorsements or assignments showing a complete chain of endorsement or
      assignment from the Mortgage Loan Originator either in blank or to
      Seller, and further endorsed (at the direction of Depositor given
      pursuant to this Agreement) by Seller, on its face or by allonge
      attached thereto, without recourse, either in blank or to the order of
      the Trustee in the following form: "Pay to the order of Wells Fargo
      Bank, N.A., as trustee for the registered Holders of Credit Suisse First
      Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through
      Certificates, Series 2004-C1, without recourse, representation or
      warranty, express or implied";

                  (ii) a duplicate original Mortgage or a counterpart thereof
      or, if such Mortgage has been returned by the related recording office,
      (A) an original, (B) a certified copy or (C) a copy thereof from the
      applicable recording office, and originals or counterparts (or
      originals, certified copies or copies from the applicable recording
      office) of any intervening assignments thereof from the Mortgage Loan
      Originator to Seller, in each case in the form submitted for recording
      or, if recorded, with evidence of recording indicated thereon;

                  (iii) an original assignment of the Mortgage, in recordable
      form (except for any missing recording information and, if applicable,
      completion of the name of the assignee), from Seller (or the Mortgage
      Loan Originator) either in blank or to "Wells Fargo Bank, N.A., as
      trustee for the registered Holders of Credit Suisse First Boston
      Mortgage Securities Corp., Commercial Mortgage Pass-Through
      Certificates, Series 2004-C1";

                  (iv) an original, counterpart or copy of any related
      Assignment of Leases (if such item is a document separate from the
      Mortgage), and the originals, counterparts or copies of any intervening
      assignments thereof from the Mortgage Loan Originator of the Loan to
      Seller, in each case in the form submitted for recording or, if
      recorded, with evidence of recording thereon;

                  (v) an original assignment of any related Assignment of
      Leases (if such item is a document separate from the Mortgage), in
      recordable form (except for any missing recording information and, if
      applicable, completion of the name of the assignee), from Seller (or the
      Mortgage Loan Originator), either in blank or to "Wells Fargo Bank,
      N.A., as trustee for the registered Holders of Credit Suisse First
      Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through
      Certificates, Series 2004-C1";

                  (vi) an original or true and complete copy of any related
      Security Agreement (if such item is a document separate from the
      Mortgage), and the originals or copies of any intervening assignments
      thereof from the Mortgage Loan Originator to Seller;

                  (vii) an original assignment of any related Security
      Agreement (if such item is a document separate from the Mortgage), from
      Seller (or the Mortgage Loan Originator) either in blank or to "Wells
      Fargo Bank, N.A., as trustee for the registered Holders of Credit Suisse
      First Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through
      Certificates, Series 2004-C1," which assignment may be included as part
      of an omnibus assignment covering other documents relating to the
      Mortgage Loan (provided that such omnibus assignment is effective under
      applicable law);

                  (viii) originals or copies of all (A) assumption agreements,
      (B) modifications, (C) written assurance agreements and (D) substitution
      agreements, together with any evidence of

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      recording thereon or in the form submitted for recording, in those
      instances where the terms or provisions of the Mortgage, Note or any
      related security document have been modified or the Mortgage Loan has
      been assumed;

                  (ix) the original lender's title insurance policy or a copy
      thereof (together with all endorsements or riders that were issued with
      or subsequent to the issuance of such policy), or if the policy has not
      yet been issued, the original or a copy of a binding written commitment
      (which may be a pro forma or specimen title insurance policy which has
      been accepted or approved in writing by the related title insurance
      company) or interim binder that is marked as binding and countersigned
      by the title company, insuring the priority of the Mortgage as a first
      lien on the related Mortgaged Property, relating to such Mortgage Loan;

                   (x) the original or a counterpart of any guaranty of the
      obligations of the Borrower under the Mortgage Loan;

                  (xi) UCC acknowledgement, certified or other copies of all
      UCC Financing Statements and continuation statements which show the
      filing or recording thereof (including the filing number or other
      similar filing information) or, alternatively, other evidence of filing
      or recording (including the filing number or other similar filing
      information) acceptable to the Trustee (including, without limitation,
      evidence of such filed or recorded UCC Financing Statement as shown on a
      written UCC search report from a reputable search firm, such as
      Corporation Service Company, CT Corporation System and the like or
      printouts of on-line confirmations from such UCC filing or recording
      offices or authorized agents thereof), sufficient to perfect (and
      maintain the perfection of) the security interest held by the Mortgage
      Loan Originator (and each assignee of record prior to the Trustee) in
      and to the personalty of the Borrower at the Mortgaged Property, and
      original UCC Financing Statement assignments, in a form suitable for
      filing or recording, sufficient to assign each such UCC Financing
      Statement to the Trustee;

                  (xii) the original or copy of the power of attorney (with
      evidence of recording thereon) granted by the Borrower if the Mortgage,
      Note or other document or instrument referred to above was not signed by
      the Borrower;

                  (xiii) with respect to any debt of a Borrower permitted under
      the related Mortgage Loan, an original or copy of a subordination
      agreement, standstill agreement or other intercreditor, co-lender or
      similar agreement relating to such other debt, if any, including any
      mezzanine loan documents or preferred equity documents, and a copy of
      the promissory note relating to such other debt (if such other debt is
      also secured by the related Mortgage);

                  (xiv) with respect to any Cash Collateral Accounts and
      Lock-Box Accounts, an original or copy of any related account control
      agreement;

                  (xv) an original or copy of any related Loan Agreement (if
      separate from the related Mortgage), and an original or copy of any
      related Lock-Box Agreement or Cash Collateral Account Agreement (if
      separate from the related Mortgage and Loan Agreement);

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                  (xvi) the originals and copies of letters of credit, if any,
      relating to the Mortgage Loans and amendments thereto which entitles the
      Trust to draw thereon; provided that in connection with the delivery of
      the Mortgage File to the Trust, in the case of a Group 1 Mortgage Loan,
      such originals shall be delivered to the applicable Master Servicer and
      copies thereof shall be delivered to the Trustee;

                  (xvii) any related environmental insurance policy and any
      environmental guarantee or indemnity agreement or copies thereof;

                  (xviii) the original or a copy of the ground lease and
      ground lease estoppels, if any, and any amendments, modifications or
      extensions thereto, if any, or certified copies thereof;

                  (xix) the original or copy of any property management
      agreement;

                  (xx) copies of franchise agreements and franchisor comfort
      letters, if any, for hospitality properties and any applicable
      transfer/assignment documents; and

                  (xxi) a checklist of the documents included in the subject
      Mortgage File;

            (b) in the case of the Mayfair Mall Mortgage Loan--

                  (i) the original executed Note for such Mortgage Loan,
      endorsed (at the direction of Depositor given pursuant to this
      Agreement) by Seller, either on the face thereof or pursuant to a
      separate allonge attached thereto, without recourse, either in blank or
      to the order of the Trustee in the following form: "Pay to the order of
      Wells Fargo Bank, N.A., as trustee for the registered holders of Credit
      Suisse First Boston Mortgage Securities Corp., Commercial Mortgage
      Pass-Through Certificates, Series 2004-C1, without recourse,
      representation or warranty, express or implied" (and, further showing a
      complete, unbroken chain of endorsement from the Mortgage Loan
      Originator (if the Mortgage Loan Originator is other than Seller);

                  (ii) a copy of the executed Mayfair Mall Intercreditor
      Agreement;

                  (iii) a copy of a Mayfair Mall Servicing Agreement; and

                  (iv) a copy of the documents that make up the "Mortgage
      File" under the Mayfair Mall Servicing Agreement; and

            (c) in the case of the Stanford Shopping Center Mortgage Loan--

                  (i) the original executed Note for such Mortgage Loan,
      endorsed (at the direction of Depositor given pursuant to this
      Agreement) by Seller, either on the face thereof or pursuant to a
      separate allonge attached thereto, without recourse, either in blank or
      to the order of the Trustee in the following form: "Pay to the order of
      Wells Fargo Bank, N.A., as trustee for the registered holders of Credit
      Suisse First Boston Mortgage Securities Corp., Commercial Mortgage
      Pass-Through Certificates, Series 2004-C1, without recourse,
      representation or warranty, express or implied" (and, further showing a
      complete, unbroken chain of endorsement from the Mortgage Loan
      Originator (if the Mortgage Loan Originator is other than Seller);

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                  (ii) a copy of the executed Stanford Shopping Center
      Intercreditor Agreement;

                  (iii) a copy of a Stanford Shopping Center Servicing
      Agreement; and

                  (iv) a copy of the documents that make up the "Mortgage
      File" under the Stanford Shopping Center Servicing Agreement.

            Notwithstanding the foregoing, in the event that, in connection
with any Mortgage Loan, other than with respect to the Mayfair Mall Mortgage
Loan and the Stanford Shopping Center Mortgage Loan, Seller cannot deliver, or
cause to be delivered, an original, counterpart or certified copy, as
applicable, of any of the documents and/or instruments required to be
delivered pursuant to clauses (a)(ii), (a)(iv), (a)(viii), (a)(xi) (other than
assignments of UCC Financing Statements to be recorded or filed in accordance
with the transfer contemplated by this Agreement) and (a)(xii) of the last
sentence of the first paragraph of this Section 3, with evidence of recording
or filing thereon on the Closing Date, solely because of a delay caused by the
public recording or filing office where such document or instrument has been
delivered for recordation or filing, Seller: (i) shall deliver, or cause to be
delivered, to the Trustee or its designee a duplicate original or true copy of
such document or instrument certified by the applicable public recording or
filing office, the applicable title insurance company or Seller to be a true
and complete duplicate original or copy of the original thereof submitted for
recording or filing; and (ii) shall deliver, or cause to be delivered, to the
Trustee or its designee either the original of such non-delivered document or
instrument, or a photocopy thereof (certified by the appropriate public
recording or filing office to be a true and complete copy of the original
thereof submitted for recording or filing), with evidence of recording or
filing thereon, within 120 days after the Closing Date, which period may be
extended up to two times, in each case for an additional period of 45 days
(provided that Seller, as certified in writing to the Trustee prior to each
such 45-day extension, is in good faith attempting to obtain from the
appropriate recording or filing office such original or photocopy). Compliance
with this paragraph will satisfy Seller's delivery requirements under this
Section 3 with respect to the subject document(s) and instrument(s).

            Notwithstanding the foregoing, in the event that, in connection
with any Mortgage Loan, other than with respect to the Mayfair Mall Mortgage
Loan and the Stanford Shopping Center Mortgage Loan, Seller cannot deliver, or
cause to be delivered, an original, counterpart or certified copy, as
applicable, of any of the documents and/or instruments required to be
delivered pursuant to clauses (a)(ii), (a)(iv), (a)(viii), (a)](xi) (other
than assignments of UCC Financing Statements to be recorded or filed in
accordance with the transfer contemplated by this Agreement) and (a)(xii) of
the last sentence of the first paragraph of this Section 3, with evidence of
recording or filing thereon for any other reason, including without
limitation, that such non-delivered document or instrument has been lost, the
delivery requirements of this Agreement shall be deemed to have been satisfied
and such non-delivered document or instrument shall be deemed to have been
included in the related Mortgage File if a photocopy of such non-delivered
document or instrument (with evidence of recording or filing thereon and
certified by the appropriate recording or filing office to be a true and
complete copy of the original thereof as filed or recorded) is delivered to
the Trustee or its designee on or before the Closing Date.

            Notwithstanding the foregoing, in the event that Seller cannot
deliver any UCC Financing Statement assignment with the filing or recording
information of the related UCC Financing Statement with respect to any
Mortgage Loan (exclusive of the Mayfair Mall Mortgage Loan and the Stanford

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Shopping Center Mortgage Loan), solely because such UCC Financing Statement
has not been returned by the public filing or recording office where such UCC
Financing Statement has been delivered for filing or recording, Seller shall
so notify the Trustee or its designee and shall not be in breach of its
obligations with respect to such delivery, provided that Seller promptly
forwards such UCC Financing Statement to the Trustee or its designee upon its
return, together with the related original UCC Financing Statement assignment
in a form appropriate for filing or recording.

            Notwithstanding the foregoing, Seller may, at its sole cost and
expense, but is not obligated to, engage a third-party contractor to prepare
or complete in proper form for filing or recording any and all assignments of
Mortgage, assignments of Assignments of Leases and assignments of UCC
Financing Statements to the Trustee to be delivered pursuant to clauses
(a)(iii), (a)(v), and (a)(xi) of the last sentence of the first paragraph of
this Section 3 (collectively, the "Assignments"), to submit those Assignments
for filing and recording, as the case may be, in the applicable public filing
and recording offices and to deliver those Assignments to the Trustee or its
designee as those Assignments (or certified copies thereof) are received from
the applicable filing and recording offices with evidence of such filing or
recording indicated thereon. However, in the event Seller engages a
third-party contractor as contemplated in the immediately preceding sentence,
the rights, duties and obligations of Seller pursuant to this Agreement remain
binding on Seller; and, if Seller does not engage a third party as
contemplated by the immediately preceding sentence, then Seller will still be
liable for recording and filing fees and expenses of the Assignments as and to
the extent contemplated by Section 13 hereof.

            Within ten (10) Business Days after the Closing Date, Seller shall
deliver the Servicer Files with respect to each of the Mortgage Loans
(exclusive of the Mayfair Mall Mortgage Loan and the Stanford Shopping Center
Mortgage Loan) to the applicable Master Servicer (or, if applicable, to a
Sub-Servicer (with a copy to the applicable Master Servicer) at the direction
of the applicable Master Servicer), under the Pooling and Servicing Agreement
on behalf of the Trustee in trust for the benefit of the Certificateholders.
Each such Servicer File shall contain all documents and records in Seller's
possession relating to such applicable Mortgage Loans (including reserve and
escrow agreements, cash management agreements, lockbox agreements, financial
statements, operating statements and any other information provided by the
respective Borrower from time to time, but excluding any documents and other
writings not enumerated in this parenthetical that have been prepared by
Seller or any of its Affiliates solely for internal credit analysis or other
internal uses or any attorney-client privileged communication) that are not
required to be a part of a Mortgage File in accordance with the definition
thereof, together with copies of all instruments and documents which are
required to be a part of the related Mortgage File in accordance with the
definition thereof.

            For purposes of this Section 3, and notwithstanding any contrary
provision hereof or of the definition of "Mortgage File", if there exists with
respect to any group of Crossed Mortgage Loans only one original or certified
copy of any document or instrument described in the definition of "Mortgage
File" which pertains to all of the Crossed Mortgage Loans in such group of
Crossed Mortgage Loans, the inclusion of the original or certified copy of
such document or instrument in the Mortgage File for any of such Crossed
Mortgage Loans and the inclusion of a copy of such original or certified copy
in each of the Mortgage Files for the other Crossed Mortgage Loans in such
group of Crossed Mortgage Loans, shall be deemed the inclusion of such
original or certified copy, as the case may be, in the Mortgage File for each
such Crossed Mortgage Loan.

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<PAGE>

            Seller shall, promptly after the Closing Date, but in all events
within three (3) Business Days after the Closing Date, cause all funds on
deposit in escrow accounts maintained with respect to the Mortgage Loans in
the name of Seller or any other name, to be transferred to or at the direction
of the applicable Master Servicer (or, if applicable, to a Sub-Servicer at the
direction of the applicable Master Servicer).

            The Trustee, as assignee or transferee of Depositor, shall be
entitled to all scheduled principal payments due after the Cut-off Date, all
other payments of principal due and collected after the Cut-off Date, and all
payments of interest on the Mortgage Loans, minus that portion of any such
payment which is allocable to the period on or prior to the Cut-off Date. All
scheduled payments of principal due on or before the Cut-off Date and
collected after the Cut-off Date, together with the accompanying interest
payments, shall belong to Seller.

            Upon the sale of the Mortgage Loans from Seller to Depositor
pursuant hereto, the ownership of each Note, the related Mortgage and the
contents of the related Mortgage File shall be vested in Depositor and the
ownership of all records and documents with respect to the related Mortgage
Loan prepared by or which come into the possession of Seller as seller of the
Mortgage Loans hereunder, exclusive in each case of documents prepared by
Seller or any of its Affiliates solely for internal credit analysis or other
internal uses or any attorney-client privileged communication, shall
immediately vest in Depositor. All Monthly Payments, Principal Prepayments and
other amounts received by Seller and not otherwise belonging to Seller
pursuant to this Agreement shall be sent by Seller within three (3) Business
Days after Seller's receipt thereof to the applicable Master Servicer via wire
transfer for deposit by the applicable Master Servicer into the Collection
Account.

            Upon the sale of Certificates representing at least 10% of the
fair value of all the Certificates to unaffiliated third parties, Seller
shall, under generally accepted accounting principles ("GAAP"), report its
transfer of the Mortgage Loans to Depositor, as provided herein, as a sale of
the Mortgage Loans to Depositor in exchange for the consideration specified in
Section 2 hereof. In connection with the foregoing, upon sale of Certificates
representing at least 10% of the fair value of all the Certificates to
unaffiliated third parties, Seller shall cause all of its financial and
accounting records to reflect such transfer as a sale (as opposed to a secured
loan). Seller shall at all times following the Closing Date cause all of its
records and financial statements and any relevant consolidated financial
statements of any direct or indirect parent to clearly reflect that the
Mortgage Loans have been transferred to Depositor and are no longer available
to satisfy claims of Seller's creditors.

            After Seller's transfer of the Mortgage Loans to Depositor, as
provided herein, Seller shall not take any action inconsistent with
Depositor's ownership (or the ownership by any of Depositor's assignees) of
the Mortgage Loans. Except for actions that are the express responsibility of
another party hereunder or under the Pooling and Servicing Agreement, and
further except for actions that Seller is expressly permitted to complete
subsequent to the Closing Date, Seller shall, on or before the Closing Date,
take all actions required under applicable law to effectuate the transfer of
the Mortgage Loans by Seller to Depositor.

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            Section 4.  Depositor's Conditions to Closing. The obligations of
Depositor to purchase the Mortgage Loans and pay the Mortgage Loan Purchase
Price at the Closing Date under the terms of this Agreement are subject to the
satisfaction of each of the following conditions at or before the Closing:

            (a) Each of the obligations of Seller required to be performed by
it on or prior to the Closing Date pursuant to the terms of this Agreement
shall have been duly performed and complied with in all material respects; all
of the representations and warranties of Seller under this Agreement (subject
to the exceptions set forth in the Exception Report) shall be true and correct
in all material respects as of the Closing Date; no event shall have occurred
with respect to Seller or any of the Mortgage Loans and related Mortgage Files
which, with notice or the passage of time, would constitute a material default
under this Agreement; and Depositor shall have received certificates to the
foregoing effect signed by authorized officers of Seller.

            (b) Depositor, or if directed by Depositor, the Trustee or
Depositor's attorneys or other designee, shall have received in escrow, all of
the following closing documents, in such forms as are agreed upon and
reasonably acceptable to Depositor and Seller, duly executed by all
signatories other than Depositor, as required pursuant to the respective terms
thereof:

                  (i) the Mortgage Files, subject to the provisos of Section 1
      of this Agreement, which shall have been delivered to and held by the
      Trustee or its designee on behalf of Seller;

                  (ii) the Mortgage Loan Schedule;

                  (iii) the certificate of Seller confirming its
      representations and warranties set forth in Section 6(a) (subject to the
      exceptions set forth in the Exception Report) as of the Closing Date;

                  (iv) an opinion or opinions of Seller's counsel, dated the
      Closing Date, covering various corporate matters and such other matters
      as shall be reasonably required by Depositor;

                  (v) such other certificates of Seller's officers or others
      and such other documents to evidence fulfillment of the conditions set
      forth in this Agreement as Depositor or its counsel may reasonably
      request; and

                  (vi) all other information, documents, certificates, or
      letters with respect to the Mortgage Loans or Seller and its Affiliates
      as are reasonably requested by Depositor in order for Depositor to
      perform any of it obligations or satisfy any of the conditions on its
      part to be performed or satisfied pursuant to any sale of Mortgage Loans
      by Depositor as contemplated herein.

            (c) Seller shall have performed or complied with all other terms
and conditions of this Agreement which it is required to perform or comply
with at or before the Closing and shall have the ability to perform or comply
with all duties, obligations, provisions and terms which it is required to
perform or comply with after the Closing.

                                     -9-
<PAGE>

            (d) Seller shall have delivered to the Trustee, on or before the
Closing Date, five limited powers of attorney in favor of the Trustee and
Special Servicer empowering the Trustee and, in the event of the failure or
incapacity of the Trustee, the Special Servicer, to record, at the expense of
Seller, any Mortgage Loan Documents required to be recorded and any
intervening assignments with evidence of recording thereon that are required
to be included in the Mortgage Files. Seller shall reasonably cooperate with
the Trustee and the Special Servicer in connection with any additional powers
or revisions thereto that are requested by such parties.

            Section 5.  Seller's Conditions to Closing. The obligations of
Seller under this Agreement shall be subject to the satisfaction, on the
Closing Date, of the following conditions:

            (a) Each of the obligations of Depositor required to be performed
by it on or prior to the Closing Date pursuant to the terms of this Agreement
shall have been duly performed and complied with in all material respects; and
all of the representations and warranties of Depositor under this Agreement
shall be true and correct in all material respects as of the Closing Date; and
no event shall have occurred with respect to Depositor which, with notice or
the passage of time, would constitute a material default under this Agreement,
and Seller shall have received certificates to that effect signed by
authorized officers of Depositor.

            (b) Seller shall have received all of the following closing
documents, in such forms as are agreed upon and reasonably acceptable to
Seller and Depositor, duly executed by all signatories other than Seller, as
required pursuant to the respective terms thereof:

                  (i) an officer's certificate of Depositor, dated as of the
      Closing Date, with the resolutions of Depositor authorizing the
      transactions set forth therein, together with copies of the charter,
      by-laws and certificate of good standing dated as of a recent date of
      Depositor; and

                  (ii) such other certificates of its officers or others, such
      opinions of Depositor's counsel and such other documents required to
      evidence fulfillment of the conditions set forth in this Agreement as
      Seller or its counsel may reasonably request.

            (c) Depositor shall have performed or complied with all other
terms and conditions of this Agreement which it is required to perform or
comply with at or before the Closing and shall have the ability to perform or
comply with all duties, obligations, provisions and terms which it is required
to perform or comply with after Closing.

            Section 6.  Representations and Warranties of Seller.

            (a) Seller represents and warrants to Depositor as of the date
hereof, as follows:

                  (i) Seller is duly organized and is validly existing as a
      corporation in good standing under the laws of the State of Delaware.
      Seller has conducted and is conducting its business so as to comply in
      all material respects with all applicable statutes and regulations of
      regulatory bodies or agencies having jurisdiction over it, except where
      the failure so to comply would not have a materially adverse effect on
      the performance by Seller of this Agreement, and there is no charge,
      action, suit or proceeding before or by any court, regulatory authority
      or governmental agency or body pending or, to the knowledge of Seller,
      threatened, which is

                                     -10-
<PAGE>

      reasonably likely to materially and adversely affect the performance by
      Seller of this Agreement or the consummation of transactions
      contemplated by this Agreement.

                  (ii) Seller has the full power, authority and legal right to
      hold, transfer and convey the Mortgage Loans and to execute and deliver
      this Agreement (and all agreements and documents executed and delivered
      by Seller in connection herewith) and to perform all transactions of
      Seller contemplated by this Agreement (and all agreements and documents
      executed and delivered by Seller in connection herewith). Seller has
      duly authorized the execution, delivery and performance of this
      Agreement (and all agreements and documents executed and delivered by
      Seller in connection herewith), and has duly executed and delivered this
      Agreement (and all agreements and documents executed and delivered by
      Seller in connection herewith). This Agreement (and each agreement and
      document executed and delivered by Seller in connection herewith),
      assuming due authorization, execution and delivery thereof by each other
      party thereto, constitutes the legal, valid and binding obligation of
      Seller enforceable in accordance with its terms, except as such
      enforcement may be limited by bankruptcy, fraudulent transfer,
      insolvency, reorganization, receivership, moratorium or other laws
      relating to or affecting the rights of creditors generally, by general
      principles of equity (regardless of whether such enforcement is
      considered in a proceeding in equity or at law) and by considerations of
      public policy.

                  (iii) Neither the execution, delivery and performance of
      this Agreement, nor the fulfillment of or compliance with the terms and
      conditions of this Agreement by Seller, will (A) conflict with or result
      in a breach of any of the terms, conditions or provisions of Seller's
      articles or certificate of incorporation and bylaws or similar type
      organizational documents, as applicable; (B) conflict with, result in a
      breach of, or constitute a default or result in an acceleration under,
      any agreement or instrument to which Seller is now a party or by which
      it (or any of its properties) is bound if compliance therewith is
      necessary (1) to ensure the enforceability of this Agreement or (2) for
      Seller to perform its duties and obligations under this Agreement (or
      any agreement or document executed and delivered by Seller in connection
      herewith); (C) conflict with or result in a breach of any legal
      restriction if compliance therewith is necessary (1) to ensure the
      enforceability of this Agreement or (2) for Seller to perform its duties
      and obligations under this Agreement (or any agreement or document
      executed and delivered by Seller in connection herewith); (D) result in
      the violation of any law, rule, regulation, order, judgment or decree to
      which Seller or its property is subject if compliance therewith is
      necessary (1) to ensure the enforceability of this Agreement or (2) for
      Seller to perform its duties and obligations under this Agreement (or
      any agreement or document executed and delivered by Seller in connection
      herewith); or (E) result in the creation or imposition of any lien,
      charge or encumbrance that would have a material adverse effect upon
      Seller's ability to perform its duties and obligations under this
      Agreement (or any agreement or document executed and delivered by Seller
      in connection herewith), or materially impair the ability of Depositor
      to realize on the Mortgage Loans.

                  (iv) Seller is solvent and the sale of the Mortgage Loans
      (1) will not cause Seller to become insolvent and (2) is not intended by
      Seller to hinder, delay or defraud any of its present or future
      creditors. After giving effect to its transfer of the Mortgage Loans, as
      provided herein, the value of Seller's assets, either taken at their
      present fair saleable value or at fair

                                     -11-
<PAGE>

      valuation, will exceed the amount of Seller's debts and obligations,
      including contingent and unliquidated debts and obligations of Seller,
      and Seller will not be left with unreasonably small assets or capital
      with which to engage in and conduct its business. Seller does not intend
      to, and does not believe that it will, incur debts or obligations beyond
      its ability to pay such debts and obligations as they mature. No
      proceedings looking toward liquidation, dissolution or bankruptcy of
      Seller are pending or contemplated.

                  (v) No consent, approval, authorization or order of, or
      registration or filing with, or notice to, any court or governmental
      agency or body having jurisdiction or regulatory authority over Seller
      is required for (A) Seller's execution, delivery and performance of this
      Agreement (or any agreement or document executed and delivered by Seller
      in connection herewith), (B) Seller's transfer and assignment of the
      Mortgage Loans, or (C) the consummation by Seller of the transactions
      contemplated by this Agreement (or any agreement or document executed
      and delivered by Seller in connection herewith) or, to the extent so
      required, such consent, approval, authorization, order, registration,
      filing or notice has been obtained, made or given (as applicable),
      except for the filing or recording of assignments and other Mortgage
      Loan Documents contemplated by the terms of this Agreement and except
      that Seller may not be duly qualified to transact business as a foreign
      corporation or licensed in one or more states if such qualification or
      licensing is not necessary to ensure the enforceability of this
      Agreement (or any agreement or document executed and delivered by Seller
      in connection herewith).

                  (vi) In connection with its sale of the Mortgage Loans,
      Seller is receiving new value. The consideration received by Seller upon
      the sale of the Mortgage Loans constitutes at least fair consideration
      and reasonably equivalent value for the Mortgage Loans.

                  (vii) Seller does not believe, nor does it have any reason
      or cause to believe, that it cannot perform each and every covenant of
      Seller contained in this Agreement (or any agreement or document
      executed and delivered by Seller in connection herewith).

                  (viii) There are no actions, suits or proceedings pending or,
      to Seller's knowledge, threatened in writing against Seller which are
      reasonably likely to draw into question the validity of this Agreement
      (or any agreement or document executed and delivered by Seller in
      connection herewith) or which, either in any one instance or in the
      aggregate, are reasonably likely to materially impair the ability of
      Seller to perform its duties and obligations under this Agreement (or
      any agreement or document executed and delivered by Seller in connection
      herewith).

                  (ix) Seller's performance of its duties and obligations
      under this Agreement (and each agreement or document executed and
      delivered by Seller in connection herewith) is in the ordinary course of
      business of Seller and Seller's transfer, assignment and conveyance of
      the Mortgage Loans pursuant to this Agreement are not subject to the
      bulk transfer or similar statutory provisions in effect in any
      applicable jurisdiction. The Mortgage Loans do not constitute all or
      substantially all of Seller's assets.

                  (x) Seller has not dealt with any Person that may be
      entitled, by reason of any act or omission of Seller, to any commission
      or compensation in connection with the sale of the Mortgage Loans to
      Depositor hereunder except for (A) the reimbursement of expenses as

                                     -12-
<PAGE>

      described herein or otherwise in connection with the transactions
      described in Section 2 hereof and (B) the commissions or compensation
      owed to the Underwriters or the Initial Purchaser.

                  (xi) Seller is not in default or breach of any agreement or
      instrument to which Seller is now a party or by which it (or any of its
      properties) is bound which breach or default would materially and
      adversely affect the ability of Seller to perform its obligations under
      this Agreement.

                  (xii) The representations and warranties contained in
      Exhibit A hereto, subject to the exceptions to such representations and
      warranties set forth on Schedule V hereto, are true and correct in all
      material respects as of the date hereof with respect to the Mortgage
      Loans identified on Schedule II.

            (b) Seller hereby agrees that it shall be deemed to make, as of
the date of substitution, to and for the benefit of the Trustee as the holder
of the Mortgage Loan to be replaced, with respect to any replacement mortgage
loan (a "Replacement Mortgage Loan") that is substituted for a Mortgage Loan
affected by a Material Defect or a Material Breach, pursuant to Section 7 of
this Agreement, each of the representations and warranties set forth in
Exhibit A hereto (references therein to "Closing Date" being deemed to be
references to the "date of substitution" and references therein to "Cut-off
Date" being deemed to be references to the "most recent due date for the
subject Replacement Mortgage Loan on or before the date of substitution").
From and after the date of substitution, each Replacement Mortgage Loan, if
any, shall be deemed to constitute a "Mortgage Loan" hereunder for all
purposes.

            Section 7.  Obligations of Seller. Each of the representations and
warranties contained in or required to be made by Seller pursuant to Section 6
of this Agreement shall survive the sale of the Mortgage Loans and shall
continue in full force and effect, notwithstanding any restrictive or
qualified endorsement on the Notes and notwithstanding subsequent termination
of this Agreement or the Pooling and Servicing Agreement. The representations
and warranties contained in or required to be made by Seller pursuant to
Section 6 of this Agreement shall not be impaired by any review or examination
of the Mortgage Files or other documents evidencing or relating to the
Mortgage Loans or any failure on the part of Depositor to review or examine
such documents and shall inure to the benefit of the initial transferee of the
Mortgage Loans from Depositor including, without limitation, the Trustee for
the benefit of the Holders of the Certificates, notwithstanding (1) any
restrictive or qualified endorsement on any Note, assignment of Mortgage or
reassignment of Assignment of Leases or (2) any termination of this Agreement
prior to the Closing, but shall not inure to the benefit of any subsequent
transferee thereafter.

            If Seller receives notice of a breach of any of the
representations or warranties made by Seller with respect to the Mortgage
Loans (subject to the exceptions to such representations and warranties set
forth in the Exception Report), as of the date hereof in Section 6(a)(xii) or
as of the Closing Date pursuant to Section 4(b)(iii) or, in the case of any
Replacement Mortgage Loan, as of the date of substitution pursuant to Section
6(b) (in any such case, a "Breach"), or receives notice that (a) any document
required to be included in the Mortgage File related to any Mortgage Loan is
not in the Trustee's (or its designee's) possession within the time period
required herein or (b) such document has not been properly executed or is
otherwise defective on its face (clause (a) and clause (b) each, a "Defect"
(which term shall include the "Defects" detailed in the immediately following
paragraph) in the

                                     -13-
<PAGE>

related Mortgage File), and if such Breach or Defect, as the case may be,
materially and adversely affects, or is deemed hereby to materially and
adversely affect, the value of any Mortgage Loan or any successor REO Loan
with respect thereto or the interests of the Holders of any Class of
Certificates (in which case such Breach or Defect shall be a "Material Breach"
or a "Material Defect", as applicable), then Seller shall, upon written
request of Depositor, the Trustee, the applicable Master Servicer or the
applicable Special Servicer, not later than 90 days after the receipt by
Seller of such written request (subject to the second succeeding paragraph,
the "Initial Resolution Period"): (i) cure such Breach or Defect in all
material respects; (ii) repurchase the affected Mortgage Loan at the
applicable Purchase Price (as defined in the Pooling and Servicing Agreement);
or (iii) substitute, in accordance with the Pooling and Servicing Agreement,
one or more Qualified Substitute Mortgage Loans (as defined in the Pooling and
Servicing Agreement) for such affected Mortgage Loan (provided that in no
event shall any substitution occur later than the second anniversary of the
Closing Date) and pay the applicable Master Servicer for deposit into the
applicable Collection Account any Substitution Shortfall Amount (as defined in
the Pooling and Servicing Agreement) in connection therewith; provided,
however, that if (i) such Material Breach or Material Defect is capable of
being cured but not within the Initial Resolution Period, (ii) such Material
Breach or Material Defect does not cause the related Mortgage Loan not to be a
"qualified mortgage" (within the meaning of Section 860G(a)(3) of the Code),
(iii) Seller has commenced and is diligently proceeding with the cure of such
Material Breach or Material Defect within the Initial Resolution Period and
(iv) Seller has delivered to the Rating Agencies, the applicable Master
Servicer, the applicable Special Servicer and the Trustee an Officer's
Certificate that describes the reasons that the cure was not effected within
the Initial Resolution Period and the actions that it proposes to take to
effect the cure and that states that it anticipates the cure will be effected
within the additional 90-day period, then Seller shall have an additional 90
days to cure such Material Defect or Material Breach. If any Breach pertains
to a representation or warranty that the related Mortgage Loan Documents or
any particular Mortgage Loan Document requires the related Borrower to bear
the costs and expenses associated with any particular action or matter under
such Mortgage Loan Document(s), then Seller shall cure such Breach within the
Initial Resolution Period by reimbursing the Trust Fund (by wire transfer of
immediately available funds) the reasonable amount of any such costs and
expenses incurred by the applicable Master Servicer, the applicable Special
Servicer, the Trustee or the Trust Fund that are the basis of such Breach and
have not been reimbursed by the related Borrower; provided, however, that in
the event any such costs and expenses exceed $10,000, Seller shall have the
option to either repurchase the related Mortgage Loan at the applicable
Purchase Price or pay such costs and expenses. Except as provided in the
proviso to the immediately preceding sentence, Seller shall remit the amount
of such costs and expenses and upon its making such remittance, Seller shall
be deemed to have cured such Breach in all respects. With respect to any
repurchase of a Mortgage Loan hereunder or any substitution of one or more
Qualified Substitute Mortgage Loans for a Mortgage Loan hereunder, (A) no such
substitution may be made in any calendar month after the Determination Date
for such month; (B) scheduled payments of principal and interest due with
respect to the Qualified Substitute Mortgage Loan(s) after the month of
substitution, and scheduled payments of principal and interest due with
respect to each Mortgage Loan being repurchased or replaced after the related
Cut-off Date and received by the applicable Master Servicer or the applicable
Special Servicer on behalf of the Trust on or prior to the related date of
repurchase or substitution, shall be part of the Trust Fund; and (C) scheduled
payments of principal and interest due with respect to such Qualified
Substitute Mortgage Loan(s) during or prior to the month of substitution, and
scheduled payments of principal and interest due with respect to each Mortgage
Loan being repurchased or replaced and received by the applicable Master
Servicer or the applicable Special Servicer on behalf of the Trust after the
related date of repurchase or substitution, shall not be part of the Trust
Fund, and Seller (or, if

                                     -14-
<PAGE>

applicable, any person effecting the related repurchase or substitution in the
place of Seller) shall be entitled to receive such payments promptly following
receipt by the applicable Master Servicer or the applicable Special Servicer,
as applicable, under the Pooling and Servicing Agreement.

            Any of the following will cause a document in the Mortgage File to
be deemed to have a "Material Defect": (a) the absence from the Mortgage File
of the original signed Note, unless the Mortgage File contains a signed lost
note affidavit and indemnity; (b) the absence from the Mortgage File of the
original signed Mortgage, unless there is included in the Mortgage File a
certified copy of the Mortgage as recorded or as sent for recordation,
together with a certificate stating that the original signed Mortgage was sent
for recordation, or a copy of the Mortgage and the related recording
information; (c) the absence from the Mortgage File of the item called for by
clause (a)(ix) of the last sentence of the first paragraph of Section 3
hereof; (d) the absence from the Mortgage File of any intervening assignments
required to create an effective assignment to the Trustee on behalf of the
Trust, unless there is included in the Mortgage File a certified copy of the
intervening assignment as recorded or as sent for recordation, together with a
certificate stating that the original intervening assignment was sent for
recordation, or a copy of the intervening assignment and the related recording
information; or (e) the absence from the Mortgage File (or, in the case of a
Group 1 Mortgage Loan, the Servicer File) of any required original letter of
credit, provided that such Defect may be cured by any substitute letter of
credit or cash reserve on behalf of the related Borrower; or (f) the absence
from the Mortgage File of the original or a copy of any required ground lease;
provided that clauses (b) through (f) of this sentence shall not apply to the
Mayfair Mall Mortgage Loan or the Stanford Shopping Center Mortgage Loan. In
addition, Seller shall cure any Defect described in clause (b), (c), (e) or
(f) of the immediately preceding sentence as required in Section 2.02(b) of
the Pooling and Servicing Agreement. Notwithstanding anything herein to the
contrary, the failure to include a document checklist in a Mortgage File shall
in no event constitute a Material Defect.

            Any Defect or Breach which causes any Mortgage Loan not to be a
"qualified mortgage" (within the meaning of Section 860G(a)(3) of the Code)
shall be deemed a "Material Defect" or "Material Breach", as applicable, and
the Initial Resolution Period for the affected Mortgage Loan shall be 90 days
following the earlier of Seller's receipt of notice pursuant to this Section 7
or its discovery of such Defect or Breach (which period shall not be subject
to extension).

            If Seller does not, as required by this Section 7, correct or cure
a Material Breach or a Material Defect in all material respects within the
applicable Initial Resolution Period (as extended pursuant to this Section 7),
or if such Material Breach or Material Defect is not capable of being so
corrected or cured within such period, then Seller shall repurchase or
substitute for the affected Mortgage Loan as provided in this Section 7. If
(i) any Mortgage Loan is required to be repurchased or substituted for as
provided above, (ii) such Mortgage Loan is a Crossed Mortgage Loan that is a
part of a Mortgage Group (as defined below) and (iii) the applicable Breach or
Defect does not constitute a Breach or Defect, as the case may be, as to any
other Crossed Mortgage Loan in such Mortgage Group (without regard to this
paragraph), then the applicable Breach or Defect, as the case may be, will be
deemed to constitute a Breach or Defect, as the case may be, as to any other
Crossed Mortgage Loan in the Mortgage Group for purposes of the above
provisions, and Seller will be required to repurchase or substitute for such
other Crossed Mortgage Loan(s) in the related Mortgage Group in accordance
with the provisions of this Section 7 unless such other Crossed Mortgage Loans
satisfy the Crossed Mortgage Loan Repurchase Criteria (as defined in the
Pooling and Servicing Agreement) and Seller can satisfy all

                                     -15-
<PAGE>

other criteria for substitution or repurchase of the affected Mortgage Loan(s)
set forth in the Pooling and Servicing Agreement. In the event that one or
more of such other Crossed Mortgage Loans satisfy the Crossed Mortgage Loan
Repurchase Criteria, Seller may elect either to repurchase or substitute for
only the affected Crossed Mortgage Loan as to which the related Breach or
Defect exists or to repurchase or substitute for all of the Crossed Mortgage
Loans in the related Mortgage Group. Seller shall be responsible for the cost
of any Appraisal required to be obtained by the applicable Master Servicer to
determine if the Crossed Mortgage Loan Repurchase Criteria have been
satisfied, so long as the scope and cost of such Appraisal has been approved
by Seller (such approval not to be unreasonably withheld). For purposes of
this paragraph, a "Mortgage Group" is any group of Mortgage Loans identified
as a Mortgage Group on Schedule III to this Agreement.

            In the event that Seller has an obligation to repurchase the
applicable Mayfair Mall Companion Loan from the Series 2003-C4 Trust by reason
of a "Material Defect" or a "Material Breach" (as such terms are defined in
the Series 2003-C4 PSA), then Seller shall repurchase the Mayfair Mall
Mortgage Loan at the Purchase Price contemporaneously with any repurchase of
such Mayfair Mall Companion Loan.

            In the event that Seller has an obligation to repurchase the
Stanford Shopping Center Companion Loan from the Series 2003-C5 Trust by
reason of a "Material Document Defect" or a "Material Breach" (as such terms
are defined in the Series 2003-C5 PSA), then Seller shall repurchase the
Stanford Shopping Center Mortgage Loan at the Purchase Price contemporaneously
with any repurchase of the Stanford Shopping Center Companion Loan.

            In the event that Seller receives notice from the applicable
Master Servicer that the Borrower under the TVO Portfolio Mortgage Loan
intends to defease, in whole or in part, such Mortgage Loan prior to the
second anniversary of the Closing Date, then Seller shall repurchase the TVO
Portfolio Mortgage Loan at the Purchase Price and pay the TVO Portfolio Yield
Maintenance Payment, within 30 days after its receipt of such notice, but in
any event no later than one (1) Business Day prior to the related defeasance
date (provided that such defeasance date is prior to the second anniversary of
the Closing Date.

            Notwithstanding the foregoing, if there is a Material Breach or
Material Defect with respect to one or more Mortgaged Properties (but not all
of the Mortgaged Properties) with respect to a Mortgage Loan, Seller will not
be obligated to repurchase or substitute for the Mortgage Loan if the affected
Mortgaged Property may be released pursuant to the terms of any partial
release provisions in the related Mortgage Loan Documents and the remaining
Mortgaged Property(ies) satisfy the requirements, if any, set forth in the
Mortgage Loan Documents and (i) Seller provides an opinion of counsel to the
effect that such partial release would not cause an Adverse REMIC Event (as
defined in the Pooling and Servicing Agreement) to occur, (ii) Seller pays (or
causes to be paid) the applicable release price required under the Mortgage
Loan Documents and, to the extent not reimbursable out of the release price
pursuant to the related Mortgage Loan Documents, any additional amounts
necessary to cover all reasonable out-of-pocket expenses reasonably incurred
by the applicable Master Servicer, the applicable Special Servicer, the
Trustee or the Trust Fund in connection therewith, including any unreimbursed
advances and interest thereon made with respect to the Mortgaged Property that
is being released and (iii) such cure by release of such Mortgaged Property is
effected within the time periods specified for cure of a Material Breach or
Material Defect in this Section 7.

                                     -16-
<PAGE>

            The Purchase Price or Substitution Shortfall Amount for any
repurchased or substituted Mortgage Loan shall be payable to Depositor or,
subsequent to the assignment of the Mortgage Loans to the Trustee, the Trustee
as its assignee, by wire transfer of immediately available funds to the
account designated by Depositor or the Trustee, as the case may be, and
Depositor or the Trustee, as the case may be, upon receipt of such funds (and,
in the case of a substitution, receipt of the Mortgage File(s) for the related
Qualified Substitute Mortgage Loans(s)), shall promptly release the related
Mortgage File and Servicer File or cause them to be released, to Seller and
shall execute and deliver such instruments of transfer or assignment as shall
be necessary to vest in Seller the legal and beneficial ownership of such
Mortgage Loan (including any property acquired in respect thereof or proceeds
of any insurance policy with respect thereto) and the related Mortgage Loan
Documents.

            It is understood and agreed that the obligations of Seller set
forth in this Section 7 constitute the sole remedies available to Depositor
and its successors and assigns against Seller respecting any Breach or Defect
affecting a Mortgage Loan.

            Section 8.  Crossed Mortgage Loans. With respect to any Crossed
Mortgage Loan conveyed hereunder, to the extent that Seller repurchases or
substitutes for an affected Crossed Mortgage Loan in the manner prescribed
above while the Trustee continues to hold any related Crossed Mortgage Loans,
Seller and Depositor (on behalf of its successors and assigns) agree to modify
upon such repurchase or substitution, the related Mortgage Loan Documents in a
manner such that such affected Crossed Mortgage Loan repurchased or
substituted by Seller, on the one hand, and any related Crossed Mortgage Loans
still held by the Trustee, on the other, would no longer be cross-defaulted or
cross-collateralized with one another; provided that Seller shall have
furnished the Trustee, at Seller's expense, with an Opinion of Counsel that
such modification shall not cause an Adverse REMIC Event; and provided,
further, that if such Opinion of Counsel cannot be furnished, Seller and
Depositor hereby agree that such repurchase or substitution of only the
affected Crossed Mortgage Loans, notwithstanding anything to the contrary
herein, shall not be permitted. Any reserve or other cash collateral or
letters of credit securing the subject Crossed Mortgage Loans shall be
allocated between such Mortgage Loans in accordance with the Mortgage Loan
Documents. All other terms of the Mortgage Loans shall remain in full force
and effect, without any modification thereof.

            Section 9.  [Reserved]

            Section 10.  Representations and Warranties of Depositor. Depositor
hereby represents and warrants to Seller as of the date hereof, as follows:

            (a) Depositor is duly organized and is validly existing as a
corporation in good standing under the laws of the State of Delaware, with
full corporate power and authority to own its assets and conduct its business
as it is conducted, and is duly qualified as a foreign corporation in good
standing in all jurisdictions in which the ownership or lease of its property
or the conduct of its business requires such qualification (except where the
failure to qualify would not have a materially adverse effect on the
consummation of any transactions contemplated by this Agreement).

            (b) The execution and delivery by Depositor of this Agreement and
the performance of Depositor's obligations hereunder are within the corporate
power of Depositor and have been duly authorized by Depositor and neither the
execution and delivery by Depositor of this Agreement nor the

                                     -17-
<PAGE>

compliance by Depositor with the provisions hereof, nor the consummation by
Depositor of the transactions contemplated by this Agreement, will (i)
conflict with or result in a breach of, or constitute a default under, the
certificate of incorporation or by-laws of Depositor or, after giving effect
to the consents or taking of the actions contemplated by clause (ii) of this
paragraph (b), any of the provisions of any law, governmental rule,
regulation, judgment, decree or order binding on Depositor or its properties,
or any of the provisions of any material indenture or mortgage or any other
material contract or other instrument to which Depositor is a party or by
which it is bound or result in the creation or imposition of any lien, charge
or encumbrance upon any of its properties pursuant to the terms of any such
indenture, mortgage, contract or other instrument or (ii) require any consent
of, notice to, or filing with any person, entity or governmental body, which
has not been obtained or made by Depositor, except where, in any of the
instances contemplated by clause (i) above or this clause (ii), the failure to
do so will not have a material and adverse effect on the consummation of any
transactions contemplated by this Agreement.

            (c) This Agreement has been duly executed and delivered by
Depositor and this Agreement constitutes a legal, valid and binding
instrument, enforceable against Depositor in accordance with its terms,
subject, as to the enforcement of remedies, to applicable bankruptcy,
reorganization, insolvency, moratorium and other laws affecting the rights of
creditors generally and to general principles of equity and the discretion of
the court (regardless of whether enforcement of such remedies is considered in
a proceeding in equity or at law) and, as to rights of indemnification
hereunder, subject to limitations of public policy under applicable securities
laws.

            (d) There is no litigation, charge, investigation, action, suit or
proceeding by or before any court, regulatory authority or governmental agency
or body pending or, to the knowledge of Depositor, threatened against
Depositor the outcome of which could be reasonably expected to materially and
adversely affect the consummation of any transactions contemplated by this
Agreement.

            Section 11.  Survival of Certain Representations, Warranties and
Covenants. The respective representations and warranties set forth in or made
pursuant to this Agreement, and the respective obligations of the parties
hereto under Sections 7 and 13 of this Agreement, will remain in full force
and effect, regardless of any investigation or statement as to the result
thereof made by or on behalf of any party and will survive payment for the
various transfers referred to herein and delivery of the Certificates or
termination of this Agreement.

            Section 12.  Transaction Expenses. In connection with the Closing
(and unless otherwise expressly provided herein, including, without
limitation, in Section 13 of this Agreement), Seller shall be responsible for
the fees and expenses of its own counsel, and Depositor and Seller agree to
pay the other transaction expenses incurred in connection with the
transactions herein contemplated as set forth in the Closing Statement (or, if
not covered thereby, shall be paid by the party incurring the subject
expense).

            Section 13.  Recording Costs and Expenses. Seller agrees to
reimburse the Trustee or its designee all recording and filing fees and
expenses incurred by the Trustee or its designee in connection with the
recording or filing of the Mortgage Loan Documents listed in Section 3 of this
Agreement, including Assignments. In the event Seller elects to engage a
third-party contractor to prepare, complete, file and record Assignments with
respect to Mortgage Loans as provided in Section 3

                                     -18-
<PAGE>

of this Agreement, Seller shall contract directly with such contractor and
shall be responsible for such contractor's compensation and reimbursement of
recording and filing fees and other reimbursable expenses pursuant to their
agreement.

            Section 14.  Notices. All demands, notices and communications
hereunder shall be in writing and effective only upon receipt, and, (a) if
sent to Depositor, will be mailed, delivered or telecopied and confirmed to it
at Credit Suisse First Boston Mortgage Securities Corp., 11 Madison Avenue,
5th Floor, New York, New York 10010, Attention: Edmund Taylor, Telecopy No.:
(212) 743-4756 (with a copy to Tessa Peters, Telecopy No.: (212) 325-8282), or
such other address or telecopy number as may be designated by Depositor to
Seller in writing, or (b) if sent to Seller, will be mailed, delivered or
telecopied and confirmed to it at 3414 Peachtree Road, N.E., Suite 1140,
Atlanta, Georgia 30326, Attention: Robert Barnes, Telecopy No.: (404)
261-5879, or such other address or telecopy number as may be designated by
Seller to Depositor in writing.

            Section 15.  Examination of Mortgage Files. Upon reasonable notice,
Seller, prior to the Closing Date, will make the Mortgage Files available to
Depositor or its agent for examination during normal business hours at
Seller's offices or such other location as shall otherwise be agreed upon by
Depositor and Seller. The fact that Depositor or its agent has conducted or
has failed to conduct any partial or complete examination of the Mortgage
Files shall not affect the rights of Depositor or the Trustee (for the benefit
of the Certificateholders) to demand cure, repurchase, or other relief as
provided herein.

            Section 16.  Successors. This Agreement shall inure to the benefit
of and shall be binding upon Seller and Depositor and their respective
successors, permitted assigns and legal representatives, and nothing expressed
in this Agreement is intended or shall be construed to give any other Person
any legal or equitable right, remedy or claim under or in respect of this
Agreement, or any provisions herein contained, this Agreement and all
conditions and provisions hereof being intended to be and being for the sole
and exclusive benefit of such Persons and for the benefit of no other Person;
it being understood that (a) the indemnities of Seller contained in that
certain Indemnification Agreement dated February 26, 2004, among Seller,
Depositor, the Initial Purchaser and the Underwriters, relating to, among
other things, information regarding the Mortgage Loans in the Prospectus
Supplement and the Offering Circular, subject to all limitations therein
contained, shall also be for the benefit of the officers and directors of
Depositor, the Underwriters and the Initial Purchaser and any person or
persons who control Depositor, the Underwriters and the Initial Purchaser
within the meaning of Section 15 of the Securities Act or Section 20 of the
Securities Exchange Act of 1934, as amended, and (b) the rights of Depositor
pursuant to this Agreement, subject to all limitations herein contained,
including those set forth in Section 7 of this Agreement, may be assigned to
the Trustee, for benefit of the Certificateholders, as may be required to
effect the purposes of the Pooling and Servicing Agreement and, upon such
assignment, the Trustee shall succeed to such rights of Depositor hereunder;
provided that the Trustee shall have no right to further assign such rights to
any other Person. No owner of a Certificate issued pursuant to the Pooling and
Servicing Agreement shall be deemed a successor or permitted assign because of
such ownership.

            Section 17.  Governing Law. THIS AGREEMENT SHALL BE GOVERNED AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS TO BE MADE AND PERFORMED ENTIRELY WITHIN SUCH

                                     -19-
<PAGE>

STATE WITHOUT GIVING EFFECT TO CHOICE OF LAW PRINCIPLES. TO THE FULLEST EXTENT
PERMITTED UNDER APPLICABLE LAW, SELLER AND DEPOSITOR EACH HEREBY IRREVOCABLY
(I) SUBMITS TO THE JURISDICTION OF ANY NEW YORK STATE AND FEDERAL COURTS
SITTING IN NEW YORK CITY WITH RESPECT TO MATTERS ARISING OUT OF OR RELATING TO
THIS AGREEMENT; (II) AGREES THAT ALL CLAIMS WITH RESPECT TO SUCH ACTION OR
PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR FEDERAL
COURTS; (III) WAIVES, TO THE FULLEST POSSIBLE EXTENT, THE DEFENSE OF AN
INCONVENIENT FORUM; AND (IV) AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION
OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS
BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.

            Section 18.  Severability. If any provision of this Agreement shall
be prohibited or invalid under applicable law, this Agreement shall be
ineffective only to such extent, without invalidating the remainder of this
Agreement.

            Section 19.  Further Assurances. Depositor and Seller agree to
execute and deliver such instruments and take such actions as the other party
may, from time to time, reasonably request in order to effectuate the purpose
and to carry out the terms of this Agreement.

            Section 20.  Counterparts. This Agreement may be executed in
counterparts (and by each of the parties hereto on different counterparts),
each of which when so executed and delivered will be an original, and all of
which together will be deemed to constitute but one and the same instrument.

            Section 21.  Treatment as Security Agreement. It is the express
intent of the parties hereto that the conveyance of the Mortgage Loans by
Seller to Depositor as provided in this Agreement be, and be construed as, a
sale of the Mortgage Loans by Seller to Depositor. It is, further, not the
intention of the parties that such conveyance be deemed a pledge of the
Mortgage Loans by Seller to Depositor to secure a debt or other obligation of
Seller. However, in the event that, notwithstanding the intent of the parties,
the Mortgage Loans are held to be property of Seller or if for any reason this
Agreement is held or deemed to create a security interest in the Mortgage
Loans:

            (a) this Agreement shall hereby create a security agreement within
the meaning of Articles 8 and 9 of the Uniform Commercial Code in effect in
the applicable state;

            (b) the conveyance provided for in this Agreement shall hereby
grant from Seller to Depositor a security interest in and to all of Seller's
right, title, and interest, whether now owned or hereafter acquired, in and
to:

                  (i) all accounts, contract rights (including any
      guarantees), general intangibles, chattel paper, instruments, documents,
      money, deposit accounts, certificates of deposit, goods, letters of
      credit, advices of credit and investment property consisting of, arising
      from or relating to any of the property described in the Mortgage Loans,
      including the related Notes, Mortgages and title, hazard and other
      insurance policies, identified on the Mortgage Loan Schedule or that
      constitute Replacement Mortgage Loans, and all distributions with
      respect thereto payable after the Cut-off Date;

                                     -20-
<PAGE>

                  (ii) all accounts, contract rights, general intangibles,
      chattel paper, instruments, documents, money, deposit accounts,
      certificates of deposit, goods, letters of credit, advices of credit and
      investment property arising from or by virtue of the disposition of, or
      collections with respect to, or insurance proceeds payable with respect
      to, or claims against other persons with respect to, all or any part of
      the collateral described in clause (i) above (including any accrued
      discount realized on liquidation of any investment purchased at a
      discount), in each case, payable after the Cut-off Date; and

                  (iii) all cash and non-cash proceeds of the collateral
      described in clauses (i) and (ii) above payable after the Cut-off Date;

            (c) the possession by Depositor or its assignee of the Notes and
such other goods, letters of credit, advices of credit, instruments, money,
documents, chattel paper or certificated securities shall be deemed to be
possession by the secured party or possession by a purchaser or a person
designated by him or her, for purposes of perfecting the security interest
pursuant to the Uniform Commercial Code (including, without limitation,
Sections 9-306, 9-313 and 9-314 thereof) as in force in the relevant
jurisdiction;

            (d) notifications to persons holding such property, and
acknowledgments, receipts, confirmations from persons holding such property,
shall be deemed to be notifications to, or acknowledgments, receipts or
confirmations from, financial intermediaries, bailees or agents of, or persons
holding for (as applicable), Depositor or its assignee for the purpose of
perfecting such security interest under applicable law; and

            (e) Seller at the direction of Depositor or its assignee, shall,
to the extent consistent with this Agreement, take such actions as may be
necessary to ensure that, if this Agreement were deemed to create a security
interest in the Mortgage Loans and the proceeds thereof, such security
interest would be a perfected security interest of first priority under
applicable law and will be maintained as such throughout the term of this
Agreement. In connection herewith, Depositor and its assignee shall have all
of the rights and remedies of a secured party and creditor under the Uniform
Commercial Code as in force in the relevant jurisdiction and may prepare and
file such UCC Financing Statements as may be necessary or appropriate to
accomplish the foregoing.

            Section 22.  Recordation of Agreement. To the extent permitted by
applicable law, this Agreement is subject to recordation following the Closing
Date in all appropriate public offices for real property records in all the
counties or other comparable jurisdictions in which any or all of the
properties subject to the Mortgages are situated, and in any other appropriate
public recording office or elsewhere, such recordation to be effected by
Seller at Seller's expense at the direction of Depositor accompanied by an
Opinion of Counsel to the effect that such recordation materially and
beneficially affects the interests of Depositor.

                                    * * *

                                     -21-
<PAGE>

            IN WITNESS WHEREOF, the parties hereto have caused this Mortgage
Loan Purchase Agreement to be duly executed and delivered as the date first
above written.

                                    COLUMN FINANCIAL, INC.,
                                    as Seller

                                    By: /s/ Priscilla Horning
                                        --------------------------------------
                                        Name:   Priscilla Horning
                                        Title:  Vice President

                                    CREDIT SUISSE FIRST BOSTON MORTGAGE
                                    SECURITIES CORP.,
                                    as Depositor

                                    By: /s Jeffrey A. Altabef
                                        --------------------------------------
                                        Name:  Jeffrey A. Altabef
                                        Title: Vice President

<PAGE>

                                                                    SCHEDULE I

                         SCHEDULE OF TRANSACTION TERMS

            This Schedule of Transaction Terms is appended to and incorporated
by reference in the Mortgage Loan Purchase Agreement (the "Agreement"), dated
as of February 26, 2004, between Column Financial, Inc. and Credit Suisse
First Boston Mortgage Securities Corp. Capitalized terms used herein without
definition have the meanings given them in or by reference in the Agreement
or, if not defined in the Agreement, in the Pooling and Servicing Agreement.

            "Affiliate" means with respect to any specified Person, any other
Person controlling or controlled by or under common control with such
specified Person.

            "Assignments" shall have the meaning given such term in Section 3
of this Agreement.

            "Beverly Center Mortgage Loan" shall mean the Mortgage Loan
secured by the Mortgaged property identified on the Mortgage Loan Schedule as
"Beverly Center".

            "Borrower" means the borrower under a Mortgage Loan.

            "Breach" shall have the meaning given such term in Section 7 of
this Agreement.

            "CBA Mortgage Loan" means any Mortgage Loan that constitutes a
"CBA A Loan" under the Pooling and Servicing Agreement.

            "Certificate Purchase Agreement" means the Certificate Purchase
Agreement, dated February 26, 2004, between Depositor and the Initial
Purchaser.

            "Certificates"  means the  Credit  Suisse  First  Boston  Mortgage
Securities   Corp.,    Commercial    Mortgage    Pass-Through    Certificates,
Series 2004-C1.

            "Closing" shall have the meaning given that term in Section 2 of
this Agreement.

            "Closing Date" means March 12, 2004.

            "Closing Statement" means the closing statement dated as of the
Closing Date and signed by, among others, the parties to this Agreement.

            "Code" means the Internal Revenue Code of 1986, as amended.

            "Crossed Mortgage Loan" means any Mortgage Loan which is
cross-defaulted and cross-collateralized with any other Mortgage Loan.

            "Cut-off Date" means, individually and collectively, the
applicable Due Dates for the respective Mortgage Loans occurring in March
2004.

            "Defect" shall have the meaning given such term in Section 7 of
this Agreement.

                                   SCH. I-1
<PAGE>

            "Depositor" shall have the meaning given such term in the first
sentence of this Agreement.

            "Environmental Report" means the environmental audit report with
respect to each Mortgaged Property delivered to Seller in connection with the
related Mortgage, if any.

            "Exception Report" means the exceptions with respect to the
representations and warranties made by Seller as to the Mortgage Loans in
Section 6(a)(xii) and under the written certificate described in Section
4(b)(iii) of this Agreement, which exceptions are set forth in Schedule V
attached hereto and made a part hereof.

            "Group 1 Mortgage Loan" means any Mortgage that constitutes a
"Group 1 Loan" under the Pooling and Servicing Agreement.

            "Initial Purchaser" means Credit Suisse First Boston LLC.

            "Initial Resolution Period" shall have the meaning given such term
in Section 7 of this Agreement.

            "Loan Agreement" means, with respect to any Mortgage Loan, the
loan agreement, if any, between the related Mortgage Loan Originator and the
related Borrower, pursuant to which such Mortgage Loan was made.

            "Material Breach" shall have the meaning given such term in
Section 7 of this Agreement.

            "Material Defect" shall have the meaning given such term in
Section 7 of this Agreement.

            "Mayfair Mall Mortgage Loan" shall mean the Mortgage Loan secured
by the Mortgaged Property identified on the Mortgage Loan Schedule as "Mayfair
Mall".

            "Mortgage File" means, collectively, the documents and instruments
pertaining to a Mortgage Loan required to be included in the related Mortgage
File pursuant to Section 3 of this Agreement (subject to the first proviso in
Section 1 of this Agreement).

            "Mortgage Group" shall have the meaning given such term in Section
7 of this Agreement.

            "Mortgage Loan" and "Mortgage Loans" shall have the respective
meanings given such terms in Recital II of this Agreement.

            "Mortgage Loan Documents" means, collectively, the documents and
instruments pertaining to a Mortgage Loan to be included in either the related
Mortgage File or the related Servicer File.

            "Mortgage Loan Originator" means any institution which originated
a Mortgage Loan for a related Borrower.

            "Mortgage Loan Purchase Price" means the amount described in
Section 2 of this Agreement.

                                   SCH. I-2
<PAGE>

            "Mortgage Loan Schedule" shall have the meaning given such term in
Recital II of this Agreement.

            "Offering Circular" means the confidential offering circular dated
February 26, 2004, describing certain classes of the Private Certificates.

            "Pooling and Servicing Agreement" means the Pooling and Servicing
Agreement creating the Trust Fund and the interests therein, dated as of March
11, 2004, among Depositor, the Master Servicers, the Special Servicers and the
Trustee, including, without limitation, the exhibits and schedules annexed
thereto.

            "Primary Collateral" means with respect to any Crossed Mortgage
Loan, that portion of the Mortgaged Property designated as directly securing
such Crossed Mortgage Loan and excluding any Mortgaged Property as to which
the related lien may only be foreclosed upon by exercise of the
cross-collateralization provisions of such Crossed Mortgage Loan.

            "Private Certificates" means the Certificates that are not
Publicly Offered Certificates.

            "Prospectus" means the Prospectus dated November 10, 2003, that is
a part of Depositor's registration statement on Form S-3 (File No. 333-97955).

            "Prospectus Supplement" means the Prospectus Supplement, dated
February 26, 2004, relating to the Publicly Offered Certificates.

            "Publicly Offered Certificates" means the Class A-1, Class A-2,
Class A-3, Class A-4, Class B and Class C Certificates.

            "Seller" shall have the meaning given such term in the first
sentence of this Agreement.

            "Servicer File" means, collectively, all documents, records and
copies pertaining to a Mortgage Loan which are required to be included in the
related Servicer File pursuant to Section 3.

            "Stanford Shopping Center Mortgage Loan" shall mean the Mortgage
Loan secured by the Mortgaged Property identified on the Mortgage Loan
Schedule as "Stanford Shopping Center".

            "Trust Fund" shall have the meaning given such term in Recital II
of this Agreement.

            "Trustee" shall have the meaning given such term in Section 1 of
this Agreement.

            "TVO Portfolio Mortgage Loan" shall mean the Mortgage Loan secured
by the Mortgaged Property identified on the Mortgage Loan Schedule as "TVO
Portfolio".

            "Underwriters"  means  Credit  Suisse First  Boston LLC,  McDonald
Investments  Inc.,  PNC Capital  Markets,  Inc., Lehman Brothers Inc. and WaMu
Capital Corp.

            "Underwriting Agreement" means the Underwriting Agreement, dated
February 26, 2004, between Depositor and the Underwriters.

                                   SCH. I-3
<PAGE>

<TABLE>
<CAPTION>

                                                                                                                     SCHEDULE II

                                                        MORTGAGE LOAN SCHEDULE

                                                                                                                              Units/
                                                                                                                              Sq.Ft/
              Servicing                                                                                             Zip       Rooms/
   #  Crossed   Group    Property Name                         Address               City       County      State   Code      Pads
------------------------------------------------------------------------------------------------------------------------------------
<S>       <C>    <C>  <C>                             <C>                         <C>          <C>           <C>   <C>    <C>
   1             2    Bay Plaza Community Center      2100 Bartow Avenue          Bronx        Bronx         NY    10475    509,710
------------------------------------------------------------------------------------------------------------------------------------
   2             1    Beverly Center                  8500 Beverly Boulevard      Los Angeles  Los Angeles   CA    90048    855,015
------------------------------------------------------------------------------------------------------------------------------------
   3             1    Stanford Shopping Center        180 El Camino Real          Palo Alto    Santa Clara   CA    94304  1,387,369
------------------------------------------------------------------------------------------------------------------------------------
   4             2    Mayfair Mall
------------------------------------------------------------------------------------------------------------------------------------
  4A                  Mayfair Mall - Retail           2500 North Mayfair Road     Wauwatosa    Milwaukee     WI    53226    858,165
------------------------------------------------------------------------------------------------------------------------------------
  4B                  Mayfair Mall - Office           2500 North Mayfair Road     Wauwatosa    Milwaukee     WI    53226    419,318
------------------------------------------------------------------------------------------------------------------------------------
   5             1    Meristar Hospitality Portfolio
------------------------------------------------------------------------------------------------------------------------------------
  5A                  MeriStar Columbia               10207 Wincopin Circle       Columbia     Howard        MD    21044        288
------------------------------------------------------------------------------------------------------------------------------------
  5B                  MeriStar Arlington              950 North Stafford Street   Arlington    Arlington     VA    22203        209
------------------------------------------------------------------------------------------------------------------------------------
   6             2    Northfield Square Mall          1600 North State Route 50   Bourbonnais  Kankakee      IL    60914    381,877
------------------------------------------------------------------------------------------------------------------------------------
   7             1    TVO Portfolio
------------------------------------------------------------------------------------------------------------------------------------
  7A                  TVO Portfolio - French Quarter  4201 Cedar Elm Lane         Wichita      Wichita       TX    76308        372
                                                                                  Falls
------------------------------------------------------------------------------------------------------------------------------------
  7B                  TVO Portfolio - Garden Pointe   8619 East 61st Terrace      Kansas City  Jackson       MO    64129        200
                      Apartments
------------------------------------------------------------------------------------------------------------------------------------
  7C                  TVO Portfolio - Timbers         4615 South Virginia Street  Amarillo     Randall       TX    79109        224
                      Apartments
------------------------------------------------------------------------------------------------------------------------------------
  7D                  TVO Portfolio - Sycamore        1945 Everett's Folly        Memphis      Shelby        TN    38134        114
                      Village Apartments
------------------------------------------------------------------------------------------------------------------------------------
  7E                  TVO Portfolio - Hillside Park   11026 College Lane          Kansas City  Jackson       MO    64137        128
                      Apartments
------------------------------------------------------------------------------------------------------------------------------------
   8      (A)    1    Red Lion Hotel Pasco            2525 North 20th Avenue      Pasco        Franklin      WA    99301        279
------------------------------------------------------------------------------------------------------------------------------------
   9      (A)    1    Red Lion Hotel Salt Lake        161 West 600 South          Salt Lake    Salt Lake     UT    84101        393
                      Downtown                                                    City
------------------------------------------------------------------------------------------------------------------------------------
  10      (A)    1    Red Lion Hotel Redding          1830 Hilltop Drive          Redding      Shasta        CA    96002        192
------------------------------------------------------------------------------------------------------------------------------------
  11      (A)    1    Red Lion Hotel Richland         802 George Washington Way   Richland     Benton        WA    99352        149
                      Hanford House
------------------------------------------------------------------------------------------------------------------------------------
  13             2    Canterbury Apartments           21 Congress Street          Nashua       Hillsborough  NH    03062        480
------------------------------------------------------------------------------------------------------------------------------------
  17             1    Northland Portfolio
------------------------------------------------------------------------------------------------------------------------------------
  17A                 Northland Portfolio -           5827 Northwest Loop 410     San Antonio  Bexar         TX    78238        344
                      Coppermill
------------------------------------------------------------------------------------------------------------------------------------
  17B                 Northland Portfolio -           2002 Airline Road           Corpus       Nueces        TX    78412        288
                      Candlewood                                                  Christi
------------------------------------------------------------------------------------------------------------------------------------
  17C                 Northland Portfolio - Randolph  4516 Randolph Road          Charlotte    Mecklenburg   NC    28211        152
                      Park
------------------------------------------------------------------------------------------------------------------------------------
  19             1    Belmont Landing Apartments      8104 Webb Road              Riverdale    Clayton       GA    30274        424
------------------------------------------------------------------------------------------------------------------------------------
  26             1    Sportmart/Westwood Self         1901 South Sepulveda        Los Angeles  Los Angeles   CA    90025     97,600
                      Storage                         Boulevard and 1910 Pontius
                                                      Avenue
------------------------------------------------------------------------------------------------------------------------------------
  30             2    Irving Towne Center             3401 West Airport Freeway   Irving       Dallas        TX    75062    118,487
------------------------------------------------------------------------------------------------------------------------------------
  31             1    Ashford Park Apartments         1700 East Date Street       San          San           CA    92404        251
                                                                                  Bernardino   Bernardino
------------------------------------------------------------------------------------------------------------------------------------
  32             2    National Amusements Anchored    173 Morris Avenue, 175      Holtsville   Suffolk       NY    11742     84,810
                      Center                          Morris Avenue, 185 Morris
                                                      Avenue and 50 Middle Avenue
------------------------------------------------------------------------------------------------------------------------------------
  33             1    Riverbend Commons               305-407 South Telegraph     Monroe       Monroe        MI    48161     94,852
                                                      Road and 1170-1190 West
                                                      Front Street
------------------------------------------------------------------------------------------------------------------------------------
  34             2    Shoppes of Kenwood              7710-7724 Montgomery Road   Cincinnati   Hamilton      OH    45236     80,096
------------------------------------------------------------------------------------------------------------------------------------
  38             2    32-50 Cooper Square             32-50 Cooper Square         New York     New York      NY    10003    161,207
------------------------------------------------------------------------------------------------------------------------------------
  45             1    Northaven Park Apartments       11457 Dennis Road           Dallas       Dallas        TX    75229        344
------------------------------------------------------------------------------------------------------------------------------------
  47             2    Timbers of Deerbrook            9814 F.M. 1960 Bypass       Humble       Harris        TX    77338        260
                      Apartments
------------------------------------------------------------------------------------------------------------------------------------
  48             2    Big Pine Key Shopping Center    151-287 Key Deer Boulevard  Big Pine Key Monroe        FL    33043     93,151
------------------------------------------------------------------------------------------------------------------------------------
  51             1    Far North Shopping Center       6300 San Mateo Boulevard    Albuquerque  Bernalillo    NM    87109    132,933
------------------------------------------------------------------------------------------------------------------------------------
  53             1    Junipero Serra Office Building  2171 Junipero Serra         Daly City    San Mateo     CA    94014     50,476
                                                      Boulevard
------------------------------------------------------------------------------------------------------------------------------------
  54             1    TownePlace Suites Dearborn      6141 Mercury Drive          Dearborn     Wayne         MI    48126        148
------------------------------------------------------------------------------------------------------------------------------------

                                                                SCH. II-1
<PAGE>

<CAPTION>
                                                                                                                              Units/
                                                                                                                              Sq.Ft/
              Servicing                                                                                             Zip       Rooms/
   #  Crossed   Group    Property Name                         Address               City       County      State   Code      Pads
------------------------------------------------------------------------------------------------------------------------------------
<S>       <C>    <C>  <C>                             <C>                         <C>          <C>           <C>   <C>    <C>

  55             1    Mallory Corners                 1701 Mallory Lane           Brentwood    Williamson    TN    37027     70,000
------------------------------------------------------------------------------------------------------------------------------------
  56             2    Canal Overlook                  430 Indiana Avenue          Indianapolis Marion        IN    46202        125
------------------------------------------------------------------------------------------------------------------------------------
  61             1    30 Buxton Farms Road            30 Buxton Farm Road         Stamford     Fairfield     CT    06905     62,148
------------------------------------------------------------------------------------------------------------------------------------
  66             2    Columbus Greens                 5050 Columbus Street SE     Albany       Linn          OR    97321        268
------------------------------------------------------------------------------------------------------------------------------------
  67             1    Blackhawk Apartments            3010 Simcoe Drive           Fort Wayne   Allen         IN    46815        209
------------------------------------------------------------------------------------------------------------------------------------
  68             2    Oakwood Village Apartments      2735 East Highway 80        Mesquite     Dallas        TX    75150        288
------------------------------------------------------------------------------------------------------------------------------------
  72      (B)    1    Avgeris-RBX Industries          16800 South Canal Street    South        Cook          IL    60473     91,504
                                                                                  Holland
------------------------------------------------------------------------------------------------------------------------------------
  73      (B)    1    Avgeris-IVEX Packaging          3100 Randolph Street        Bellwood     Cook          IL    60104     71,498
------------------------------------------------------------------------------------------------------------------------------------
  74      (B)    1    Avgeris-Ultra Care              2001 North Janice Avenue    Melrose Park Cook          IL    60160     37,280
------------------------------------------------------------------------------------------------------------------------------------
  75             2    Bammelwood Apartments           2402 Bammelwood Drive       Houston      Harris        TX    77014        226
------------------------------------------------------------------------------------------------------------------------------------
  78             1    Ala Moana Tower                 1617 Kapiolani Boulevard    Honolulu     Honolulu      HI    96814        134
------------------------------------------------------------------------------------------------------------------------------------
  79             1    Springlake Park Mobile Home     51458 Southeast Westlake    Scappoose    Columbia      OR    97056        147
                      Park                            Drive
------------------------------------------------------------------------------------------------------------------------------------
  80             2    Macedon Commons Shopping        1503 Canandaigua Road       Macedon      Wayne         NY    14502     76,278
                      Center
------------------------------------------------------------------------------------------------------------------------------------
  81             1    South Pointe Village Mobile     11100 Gibson Boulevard      Albuquerque  Bernalillo    NM    87123        282
                      Home Park                       Southeast
------------------------------------------------------------------------------------------------------------------------------------
  82             2    Fountain Brook Apartments       100 Brookhaven Circle       Fort         Catoosa       GA    30742        112
                                                                                  Oglethorpe
------------------------------------------------------------------------------------------------------------------------------------
  84             1    Lakeside Villas                 4846 Cherry Road            West Palm    Palm Beach    FL    33417        104
                                                                                  Beach
------------------------------------------------------------------------------------------------------------------------------------
  85             2    Westpark Place Office Building  6250-6260 Westpark Drive    Houston      Harris        TX    77057    113,857
------------------------------------------------------------------------------------------------------------------------------------
  86             1    TownePlace Suites Livonia       17450 Fox Drive             Livonia      Wayne         MI    48152         95
------------------------------------------------------------------------------------------------------------------------------------
  88             2    Nacogdoches Marketplace         4604-4610 North Street      Nacogdoches  Nacogdoches   TX    75965     57,413
------------------------------------------------------------------------------------------------------------------------------------
  90             1    Warwick Apartments              2400 Arrowhead Drive        Abilene      Taylor        TX    79606        152
------------------------------------------------------------------------------------------------------------------------------------
  92             1    Country Inns & Suites Clive     1350 Northwest 118th Street Clive        Polk          IA    50325        104
------------------------------------------------------------------------------------------------------------------------------------
  94             1    Hampton Inn Mechanicsville      7433 Bell Creek Road        Mechanics-   Hanover       VA    23111         80
                                                                                  ville
------------------------------------------------------------------------------------------------------------------------------------
  95             2    Thunderbird Village Mobile      706 Dennis Street Southeast Tumwater     Thurston      WA    98501        115
                      Home Park
------------------------------------------------------------------------------------------------------------------------------------
  96             1    Physicians Plaza II             8042 Wurzbach Road          San Antonio  Bexar         TX    78229     63,759
------------------------------------------------------------------------------------------------------------------------------------
  97             2    Timbers of Keegan's Bayou       11650 West Bellfort Avenue  Houston      Harris        TX    77099        152
                      Apartments
------------------------------------------------------------------------------------------------------------------------------------
  98             1    Redbird Towers                  3203 Camp Wisdom Road       Dallas       Dallas        TX    75237     50,951
------------------------------------------------------------------------------------------------------------------------------------
  99             2    Hampton Inn Midlothian          800 Research Road           Richmond     Chesterfield  VA    23236         80
------------------------------------------------------------------------------------------------------------------------------------
  104            2    Parkridge Plaza                 2009 - 2099 Wadsworth       Lakewood     Jefferson     CO    80214     61,794
                                                      Boulevard
------------------------------------------------------------------------------------------------------------------------------------
  106            1    Buckner Village Apartments      1810 John West Road         Dallas       Dallas        TX    75228        172
------------------------------------------------------------------------------------------------------------------------------------
  107            2    Chastain Manor Apartments       1631 and 1700 Stanton Road  Atlanta      Fulton        GA    30311        157
                                                      Southwest
------------------------------------------------------------------------------------------------------------------------------------
  109            2    Park Towers Apartments          106-112 Union Road          Spring       Rockland      NY    10977        169
                                                                                  Valley
------------------------------------------------------------------------------------------------------------------------------------
  110            1    Katonah Shopping Center         262-294 Katonah Avenue      Katonah      Westchester   NY    10536     28,072
------------------------------------------------------------------------------------------------------------------------------------
  115            1    Chestnut Hill                   7700 Germantown Avenue      Philadelphia Philadelphia  PA    19118     34,294
------------------------------------------------------------------------------------------------------------------------------------
  116            2    Village Center at Marshall's    Route 209 & 402             Marshall's   Monroe        PA    18301     64,110
                      Creek                                                       Creek
------------------------------------------------------------------------------------------------------------------------------------
  117            2    Assured Storage                 2453 Midway Road            Carrollton   Dallas        TX    75006     65,520
------------------------------------------------------------------------------------------------------------------------------------
  120            2    12 Greenridge Avenue            12 Greenridge Avenue        White Plains Westchester   NY    10605     23,742
------------------------------------------------------------------------------------------------------------------------------------
  121            1    Yahara Landing Apartments       1624-1630 Fordem Avenue     Madison      Dane          WI    53704         72
------------------------------------------------------------------------------------------------------------------------------------
  122            2    Sierra Verde Apartments         2600 East Idaho Avenue      Las Cruces   Dona Ana      NM    88011        130
------------------------------------------------------------------------------------------------------------------------------------
  123            1    Pepper Ridge Apartments         1011 Vance Jackson Road     San Antonio  Bexar         TX    78201        144
------------------------------------------------------------------------------------------------------------------------------------
  125            2    Pine Tree Apartments            1435 Bernath Parkway        Toledo       Lucas         OH    43615         90
------------------------------------------------------------------------------------------------------------------------------------
  128            2    Arch Creek Run Apartments       139 Rachel Street           Melbourne    Brevard       FL    32901         96
------------------------------------------------------------------------------------------------------------------------------------
  129            2    Storage Center                  4080 Mariner Boulevard      Spring Hill  Hernando      FL    33609     68,835
------------------------------------------------------------------------------------------------------------------------------------
  130            1    Cy Fair Plaza                   13203 Jones Road            Houston      Harris        TX    77070     49,388
------------------------------------------------------------------------------------------------------------------------------------
  133            1    Presidential Suites Apartments
------------------------------------------------------------------------------------------------------------------------------------
 133A                 Presidential Suites - The       3569 Ivy Hill Circle        Cortland     Trumbull      OH    44410         59
                      Arbors I
------------------------------------------------------------------------------------------------------------------------------------
 133B                 Presidential Suites - The       3500 Boston Avenue          Warren       Trumbull      OH    44484         48
                      Arbors II
------------------------------------------------------------------------------------------------------------------------------------
 133C                 Presidential Suites - The       1150 Salt Springs Road      Lordstown    Trumbull      OH    44481         39
                      Arbors III
------------------------------------------------------------------------------------------------------------------------------------
  135            1    Century Plaza                   1700-1746 Woolco Way        Orlando      Orange        FL    32822     28,700
------------------------------------------------------------------------------------------------------------------------------------
  137            2    Chevy Chase Apartments          1710 Logansport Road        Nacogdoches  Nacogdoches   TX    75961        120
------------------------------------------------------------------------------------------------------------------------------------
  142            1    Park on Vista Apartments        201 Vista Road              Pasadena     Harris        TX    77504        108
------------------------------------------------------------------------------------------------------------------------------------

                                                                SCH. II-2
<PAGE>

<CAPTION>
                                                                                                                              Units/
                                                                                                                              Sq.Ft/
              Servicing                                                                                             Zip       Rooms/
   #  Crossed   Group    Property Name                         Address               City       County      State   Code      Pads
------------------------------------------------------------------------------------------------------------------------------------
<S>       <C>    <C>  <C>                             <C>                         <C>          <C>           <C>   <C>    <C>

  144            1    Hibert Office                   9948 Hibert Street          San Diego    San Diego     CA    92131     19,250
------------------------------------------------------------------------------------------------------------------------------------
  145            1    Raffin Executive Center         1112 Ocean Drive            Manhattan    Los Angeles   CA    90266      8,877
                                                                                  Beach
------------------------------------------------------------------------------------------------------------------------------------
  147            1    Monterey Apartments /
                      Sherbrooke Apartments
------------------------------------------------------------------------------------------------------------------------------------
 147A                 Sherbrooke Apartments           90 - 118 Sherbrooke Avenue  Hartford     Hartford      CT    06106         38
------------------------------------------------------------------------------------------------------------------------------------
 147B                 Monterey Apartments             748-768 New Britain Avenue  Hartford     Hartford      CT    06106         52
------------------------------------------------------------------------------------------------------------------------------------
  148            2    Hidden Hollow Apartments        1800 Beacon Drive           Saginaw      Saginaw       MI    48602         84
------------------------------------------------------------------------------------------------------------------------------------
  150            2    Medford Shopping Center         3429 Horse Block Road       Medford      Suffolk       NY    11763     56,040
------------------------------------------------------------------------------------------------------------------------------------
  151            1    Catalina Apartments             3425 South Polk Street      Dallas       Dallas        TX    75224        123
------------------------------------------------------------------------------------------------------------------------------------
  152            1    Crestridge Apartments           3200 Walnut Street          Garland      Dallas        TX    75042        102
------------------------------------------------------------------------------------------------------------------------------------
  153     (C)    2    Richlawn Acres Apartments       1059 Richmond Road          Painesville  Lake          OH    44077         48
------------------------------------------------------------------------------------------------------------------------------------
  154     (C)    2    Grant Street Apartments         55 Grant Street             Painesville  Lake          OH    44077         36
------------------------------------------------------------------------------------------------------------------------------------
  156            1    DP Building One                 10200 Lantern Road          Fishers      Hamilton      IN    46038     29,954
------------------------------------------------------------------------------------------------------------------------------------
  158            1    Mesa Grande                     2912 East McKellips Rd      Mesa         Maricopa      AZ    85213        110
------------------------------------------------------------------------------------------------------------------------------------
  159            1    Greylock Apartments             117-119 South Chester Road  Swarthmore   Delaware      PA    19081         49
------------------------------------------------------------------------------------------------------------------------------------
  160            2    Swarthmore Apartments           111 South Chester Road      Swarthmore   Delaware      PA    19081         41
------------------------------------------------------------------------------------------------------------------------------------
  161            1    Royalwood Apartments            5261-5301 Royalwood Road    North        Cuyahoga      OH    44133         66
                                                                                  Royalton
------------------------------------------------------------------------------------------------------------------------------------
  163            1    Burnet House                    8935 Burnet Avenue          North Hills  Los Angeles   CA    91343         36
------------------------------------------------------------------------------------------------------------------------------------
  166            1    Northpoint Apartments           74 Lyerly Street            Houston      Harris        TX    77022        101
------------------------------------------------------------------------------------------------------------------------------------
  168            2    66 Fort Point Street            66 Fort Point Street        Norwalk      Fairfield     CT    06855     23,991
------------------------------------------------------------------------------------------------------------------------------------
  169            2    1-7 Journal Square              1-7 Journal Square          Jersey City  Hudson        NJ    07306      8,885
------------------------------------------------------------------------------------------------------------------------------------
  171            1    Melnick Drive                   2-16 Melnick Drive          Monsey       Rockland      NY    10952     59,800
------------------------------------------------------------------------------------------------------------------------------------
  172            1    Desert Plaza Apartments         217 South Maryland Parkway  Las Vegas    Clark         NV    89101         88
------------------------------------------------------------------------------------------------------------------------------------
  173            1    Burleson Plaza                  620 SW Wilshire Boulevard   Burleson     Johnson       TX    76028     73,700
------------------------------------------------------------------------------------------------------------------------------------
  176            1    Budget Self Storage             3445 Collins Avenue         Richmond     Contra        CA    94806     83,212
                                                                                               Costa
------------------------------------------------------------------------------------------------------------------------------------
  177            1    Imperial Marshwood Mobile Home  300 State Route 236         Eliot        York          ME    03903        108
                      Park
------------------------------------------------------------------------------------------------------------------------------------
  180            2    300 West Coleman Boulevard      300 West Coleman Boulevard  Mount        Charleston    SC    29464     23,636
                                                                                  Pleasant
------------------------------------------------------------------------------------------------------------------------------------
  182            1    Tiffany Office Building         10700 Old Country Road 15   Plymouth     Hennepin      MN    55441     27,131
------------------------------------------------------------------------------------------------------------------------------------
  183            2    Forest Mobile Estates Mobile    6201 Bert Kouns Industrial  Shreveport   Caddo         LA    71129        550
                      Home Park                       Loop
------------------------------------------------------------------------------------------------------------------------------------
  184            1    Country Club Village            7100 South Gessner Drive    Houston      Harris        TX    77036         88
                      Apartments
------------------------------------------------------------------------------------------------------------------------------------
  185            1    Vista Pacifica Industrial Park  2625 Temple Heights Drive   Oceanside    San Diego     CA    92056     43,150
------------------------------------------------------------------------------------------------------------------------------------
  187            1    Oak Manor Apartments            1019-1045 North Center      Stockton     San Joaquin   CA    95202         47
                                                      Street
------------------------------------------------------------------------------------------------------------------------------------
  188            1    Carriage Works                  401 G Street, 627 & 655     San Diego    San Diego     CA    92101     19,222
                                                      4th Avenue
------------------------------------------------------------------------------------------------------------------------------------
  189            1    Northridge Apartments           17925 Devonshire Street     Northridge   Los Angeles   CA    91325         28
------------------------------------------------------------------------------------------------------------------------------------
  190            1    Courtyard Apartments            6700 West 76th Street       Overland     Johnson       KS    66204         40
                                                                                  Park
------------------------------------------------------------------------------------------------------------------------------------
  191            2    Candlewood Apartments - TN      538 Harding Place           Nashville    Davidson      TN    37211         70
------------------------------------------------------------------------------------------------------------------------------------
  192            2    Clipper Ridge Apartments        595 May Street              Oregon City  Clackamas     OR    97045         52
------------------------------------------------------------------------------------------------------------------------------------
  196            2    Draper Crossing II              62 & 64 East 12300 South    Draper       Salt Lake     UT    84020     10,015
------------------------------------------------------------------------------------------------------------------------------------
  197            2    Siesta and Julia Mobile Home
                      Parks
------------------------------------------------------------------------------------------------------------------------------------
 197A                 Julia Mobile Home Park          16500 Slater Road           North Fort   Lee           FL    33917         96
                                                                                  Myers
------------------------------------------------------------------------------------------------------------------------------------
 197B                 Siesta Mobile Home Park         309 West Buell Drive        Fort Myers   Lee           FL    33905         55
------------------------------------------------------------------------------------------------------------------------------------
  198            2    Mark IV Apartments              2895 West 3500 South        West Valley  Salt Lake     UT    84119         38
                                                                                  City
------------------------------------------------------------------------------------------------------------------------------------
  199            2    Crosby Town Center Plaza        6500 FM 2100 North          Crosby       Harris        TX    77532     58,035
------------------------------------------------------------------------------------------------------------------------------------
  200            2    Discount Personal Storage       2140 Southwest Gatlin       Port Saint   Saint Lucie   FL    34953     26,362
                                                      Boulevard                   Lucie
------------------------------------------------------------------------------------------------------------------------------------
  201            1    Harbor Building                 100 2nd Avenue South        Edmonds      Snohomish     WA    98020     15,404
------------------------------------------------------------------------------------------------------------------------------------
  202            2    Highland Court Apartments-NY    1506-1508 Whitesboro Street Utica        Oneida        NY    13502         88
------------------------------------------------------------------------------------------------------------------------------------
  203            1    Turner Plaza Shopping Center    3351 Turner Plaza Drive     Abilene      Taylor        TX    79606     29,283
------------------------------------------------------------------------------------------------------------------------------------
  204            2    Miami Hills Apartments          3534 High Street            South Bend   Saint         IN    46614        151
                                                                                               Joseph
------------------------------------------------------------------------------------------------------------------------------------
  208            1    Rufe Snow Depot Self Storage    6707 Rufe Snow Drive        Watauga      Tarrant       TX    76148     43,336
------------------------------------------------------------------------------------------------------------------------------------
  210            2    Westwind Mobile Home Park       11270 Konocti Vista Drive   Lower Lake   Lake          CA    95457         43
------------------------------------------------------------------------------------------------------------------------------------
  211            2    6950 Cypress Road               6950 Cypress Road           Fort         Broward       FL    33317     29,683
                                                                                  Lauderdale
------------------------------------------------------------------------------------------------------------------------------------

                                                                SCH. II-3
<PAGE>

<CAPTION>

                                                                                                                              Units/
                                                                                                                              Sq.Ft/
              Servicing                                                                                             Zip       Rooms/
   #  Crossed   Group    Property Name                         Address               City       County      State   Code      Pads
------------------------------------------------------------------------------------------------------------------------------------
<S>       <C>    <C>  <C>                             <C>                         <C>          <C>           <C>   <C>    <C>
  212            1    Germantown Plaza                3695-3723 Riverdale Road    Memphis      Shelby        TN    38115     14,583
------------------------------------------------------------------------------------------------------------------------------------
  213            1    86 Christopher Street           86 Christopher Street       New York     New York      NY    10014      3,400
------------------------------------------------------------------------------------------------------------------------------------
  214            2    Knickerbocker Square Shopping   3335 - 3389 Knickerbocker   San Angelo   Tom Green     TX    76904     26,863
                      Center                          Road
------------------------------------------------------------------------------------------------------------------------------------
  216            1    1677 Eureka Road                1677 Eureka Road            Roseville    Placer        CA    95661     11,701
------------------------------------------------------------------------------------------------------------------------------------
  217            2    Lakewood Village                200 East Lakewood Street    Nacogdoches  Nacogdoches   TX    75965         72
                      Apartments - TX
------------------------------------------------------------------------------------------------------------------------------------
  219            1    Brooke Hall Apartments          315-345 West Jefferson      Media        Delaware      PA    19063         32
                                                      Street
------------------------------------------------------------------------------------------------------------------------------------
  223            1    Shadow Wood Apartments          120 South Jupiter Road      Garland      Dallas        TX    75042         60
------------------------------------------------------------------------------------------------------------------------------------
  224            2    Paddington Mobile Home Park     1720 Hurricane Road         Cottondale   Tuscaloosa    AL    35453        123
------------------------------------------------------------------------------------------------------------------------------------
  226            2    American Storage                420 East 620 South          American     Utah          UT    84003     47,900
                                                                                  Fork
------------------------------------------------------------------------------------------------------------------------------------
  230            2    Storage Max                     5922 Cameron Street         Scott        Lafayette     LA    70583     33,050
------------------------------------------------------------------------------------------------------------------------------------
  231            1    Mount Ephraim Plaza             2750 Mount Ephraim Avenue   Camden       Camden        NJ    08104     21,550
------------------------------------------------------------------------------------------------------------------------------------
  234            2    Woodland Estates Mobile Home    8113 Minors Lane            Louisville   Jefferson     KY    40219         88
                      Park
------------------------------------------------------------------------------------------------------------------------------------
  235            1    Shady Acres Mobile Home Park    310 Hester Avenue           Donna        Hidalgo       TX    78537        149
------------------------------------------------------------------------------------------------------------------------------------
  237            1    Colonial Crest Apartments       1000 East Lafayette Street  Sturgis      Saint         MI    49091         48
                                                                                               Joseph
------------------------------------------------------------------------------------------------------------------------------------
  238            1    Pleasanton Village Apartments   3735 Pleasanton Road        San Antonio  Bexar         TX    78221         64
------------------------------------------------------------------------------------------------------------------------------------
  239            1    Cedar Bayou Mobile Home Park    6310 Highway 146 North      Baytown      Chambers      TX    77520        111
------------------------------------------------------------------------------------------------------------------------------------
  240            2    487 Central Avenue              487 Central Avenue          Cedarhurst   Nassau        NY    11516      8,338
------------------------------------------------------------------------------------------------------------------------------------
  244            1    Town and Country Crossing       1023-1135 Lovett Street     Tomball      Harris        TX    77375         30
------------------------------------------------------------------------------------------------------------------------------------
  245            2    132 Mitchell Street             132 Mitchell Street         Atlanta      Fulton        GA    30303     18,096
------------------------------------------------------------------------------------------------------------------------------------
  248            1    Harrison Terrace Apartments     10751-10753 Harrison Ave.   Harrison     Hamilton      OH    45030         35
------------------------------------------------------------------------------------------------------------------------------------
  250            2    Creekside Manor Apartments      61 Myrtle Street            Le Roy       Genesee       NY    14482         32
------------------------------------------------------------------------------------------------------------------------------------
  254            2    Sandia Mobile Home Park         2419 Paluxy Street          Nacogdoches  Nacogdoches   TX    75964         90
------------------------------------------------------------------------------------------------------------------------------------
  255            1    Stone Green Apartments          1210 Stone Road             Tallahassee  Leon          FL    32303         17
------------------------------------------------------------------------------------------------------------------------------------
  258            2    Melbourne Plaza                 1212-1220 Melbourne Drive   Hurst        Tarrant       TX    76053     10,050
------------------------------------------------------------------------------------------------------------------------------------

</TABLE>

                                                                SCH. II-4
<PAGE>

<TABLE>
<CAPTION>

                                                         Interest                Cut-off Date     Orig         Rem.        Orig
              Servicing                                 Calculation   Original    Principal      Amort.       Amort.       Term
  #  Crossed    Group    Property Name                   (30/360 /    Balance      Balance        Term         Term      Maturity
                                                        Actual/360)
----------------------------------------------------------------------------------------------------------------------------------
<S>     <C>      <C>  <C>                               <C>         <C>          <C>            <C>          <C>            <C>
  1              2    Bay Plaza Community Center        Actual/360  $141,750,000 $141,318,867     360          357          120
----------------------------------------------------------------------------------------------------------------------------------
  2              1    Beverly Center                    Actual/360  $100,000,000 $100,000,000     360          360          120
----------------------------------------------------------------------------------------------------------------------------------
  3              1    Stanford Shopping Center          Actual/360   $90,000,000  $90,000,000   Interest     Interest        60
                                                                                                  Only         Only
----------------------------------------------------------------------------------------------------------------------------------
  4             2    Mayfair Mall                      Actual/360   $70,000,000  $69,072,487      360          352          60
----------------------------------------------------------------------------------------------------------------------------------
  4A                  Mayfair Mall - Retail
----------------------------------------------------------------------------------------------------------------------------------
  4B                  Mayfair Mall - Office
----------------------------------------------------------------------------------------------------------------------------------
  5              1    Meristar Hospitality Portfolio    Actual/360   $50,000,000  $49,701,334      300          295          120
----------------------------------------------------------------------------------------------------------------------------------
  5A                  MeriStar Columbia
----------------------------------------------------------------------------------------------------------------------------------
  5B                  MeriStar Arlington
----------------------------------------------------------------------------------------------------------------------------------
  6              2    Northfield Square Mall            Actual/360   $32,000,000  $31,948,769      300          299         120
----------------------------------------------------------------------------------------------------------------------------------
  7              1    TVO Portfolio                     Actual/360   $25,881,000  $25,537,632      360          346          60
----------------------------------------------------------------------------------------------------------------------------------
  7A                  TVO Portfolio - French Quarter
----------------------------------------------------------------------------------------------------------------------------------
  7B                  TVO Portfolio - Garden Pointe
                      Apartments
----------------------------------------------------------------------------------------------------------------------------------
  7C                  TVO Portfolio - Timbers
                      Apartments
----------------------------------------------------------------------------------------------------------------------------------
  7D                  TVO Portfolio - Sycamore
                      Village Apartments
----------------------------------------------------------------------------------------------------------------------------------
  7E                  TVO Portfolio - Hillside Park
                      Apartments
----------------------------------------------------------------------------------------------------------------------------------
  8     (A)      1    Red Lion Hotel Pasco              Actual/360   $10,300,000  $10,199,113      300          292         120
----------------------------------------------------------------------------------------------------------------------------------
  9     (A)      1    Red Lion Hotel Salt Lake          Actual/360    $6,000,000   $5,941,231      300          292         120
                      Downtown
----------------------------------------------------------------------------------------------------------------------------------
  10    (A)      1    Red Lion Hotel Redding            Actual/360    $5,000,000   $4,951,026      300          292         120
----------------------------------------------------------------------------------------------------------------------------------
  11    (A)      1    Red Lion Hotel Richland Hanford   Actual/360    $4,100,000   $4,059,841      300          292         120
                      House
----------------------------------------------------------------------------------------------------------------------------------
  13             2    Canterbury Apartments             Actual/360   $23,000,000  $23,000,000    Interest     Interest      120
                                                                                                   Only         Only
----------------------------------------------------------------------------------------------------------------------------------
  17             1    Northland Portfolio               Actual/360   $20,407,410  $20,329,310      360          356         120
----------------------------------------------------------------------------------------------------------------------------------
 17A                  Northland Portfolio - Coppermill
----------------------------------------------------------------------------------------------------------------------------------
 17B                  Northland Portfolio - Candlewood
----------------------------------------------------------------------------------------------------------------------------------
 17C                  Northland Portfolio - Randolph
                      Park
----------------------------------------------------------------------------------------------------------------------------------
  19             1    Belmont Landing Apartments        Actual/360   $18,862,000  $18,770,673      360          355         120
----------------------------------------------------------------------------------------------------------------------------------
  26             1    Sportmart/Westwood Self Storage   Actual/360   $13,000,000  $12,953,548      360          356         120
----------------------------------------------------------------------------------------------------------------------------------
  30             2    Irving Towne Center               Actual/360   $11,750,000  $11,673,842      300          295         300
----------------------------------------------------------------------------------------------------------------------------------
  31             1    Ashford Park Apartments           Actual/360   $11,700,000  $11,561,867      360          349          60
----------------------------------------------------------------------------------------------------------------------------------
  32             2    National Amusements Anchored      Actual/360   $11,600,000  $11,513,492      300          294         120
                      Center
----------------------------------------------------------------------------------------------------------------------------------
  33             1    Riverbend Commons                 Actual/360   $11,200,000  $11,118,186      300          295         120
----------------------------------------------------------------------------------------------------------------------------------
  34             2    Shoppes of Kenwood                Actual/360   $11,100,000  $11,048,405      360          355         120
----------------------------------------------------------------------------------------------------------------------------------
  38             2    32-50 Cooper Square               Actual/360   $10,000,000   $9,938,080      360          354         120
----------------------------------------------------------------------------------------------------------------------------------
  45             1    Northaven Park Apartments         Actual/360    $9,100,000   $9,055,562      360          355         120
----------------------------------------------------------------------------------------------------------------------------------
  47             2    Timbers of Deerbrook Apartments   Actual/360    $8,700,000   $8,609,355      360          349         120
----------------------------------------------------------------------------------------------------------------------------------
  48             2    Big Pine Key Shopping Center      Actual/360    $8,325,000   $8,294,813      360          356         120
----------------------------------------------------------------------------------------------------------------------------------
  51             1    Far North Shopping Center         Actual/360    $8,050,000   $8,021,235      360          356         120
----------------------------------------------------------------------------------------------------------------------------------
  53             1    Junipero Serra Office Building    Actual/360    $7,800,000   $7,768,582      360          356         120
----------------------------------------------------------------------------------------------------------------------------------
  54             1    TownePlace Suites Dearborn        Actual/360    $7,650,000   $7,621,384      300          297         120
----------------------------------------------------------------------------------------------------------------------------------
  55             1    Mallory Corners                   Actual/360    $7,200,000   $7,170,464      360          356         120
----------------------------------------------------------------------------------------------------------------------------------
  56             2    Canal Overlook                    Actual/360    $7,100,000   $7,066,926      360          355         120
----------------------------------------------------------------------------------------------------------------------------------
  61             1    30 Buxton Farms Road              Actual/360    $6,750,000   $6,713,918      360          354         120
----------------------------------------------------------------------------------------------------------------------------------
  66             2    Columbus Greens                   Actual/360    $6,100,000   $6,076,170      360          356         120
----------------------------------------------------------------------------------------------------------------------------------
  67             1    Blackhawk Apartments              Actual/360    $6,000,000   $5,949,503      360          352         120
----------------------------------------------------------------------------------------------------------------------------------
  68             2    Oakwood Village Apartments        Actual/360    $6,000,000   $5,944,873      360          352         120
----------------------------------------------------------------------------------------------------------------------------------
  72    (B)      1    Avgeris-RBX Industries            Actual/360    $2,500,000   $2,475,746      360          350         120
----------------------------------------------------------------------------------------------------------------------------------
  73    (B)      1    Avgeris-IVEX Packaging            Actual/360    $2,130,000   $2,109,336      360          350         120
----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

          Rem.                                 Net
        Term to     Monthly    Interest      Mortgage
  #     Maturity    Payment      Rate          Rate

-----------------------------------------------------
<S>        <C>     <C>         <C>            <C>
  1        117     $819,128    5.6600%        5.6282%
-----------------------------------------------------
  2        119     $538,156    5.0901%        5.0583%
-----------------------------------------------------
  3         54     $251,625    3.3000%        3.2682%

-----------------------------------------------------
  34        52     $299,216    3.1080%        3.0747%
-----------------------------------------------------
  4A
-----------------------------------------------------
  4B
-----------------------------------------------------
  5        115     $349,571    6.8800%        6.8482%
-----------------------------------------------------
  5A
-----------------------------------------------------
  5B
-----------------------------------------------------
  6        119     $207,058    6.0450%        6.0132%
------------------------------------------------------
  7         46     $156,838    6.1000%        6.0682%
------------------------------------------------------
  7A
------------------------------------------------------
  7B

------------------------------------------------------
  7C

------------------------------------------------------
  7D

------------------------------------------------------
  7E

------------------------------------------------------
  8        112      $70,839    6.7000%        6.6682%
------------------------------------------------------
  9        112      $41,265    6.7000%        6.6682%

------------------------------------------------------
  10       112      $34,388    6.7000%        6.6682%
------------------------------------------------------
  11       112      $28,198    6.7000%        6.6682%

------------------------------------------------------
  13       115     $104,835    5.3800%        5.3482%

------------------------------------------------------
  17       116     $122,615    6.0200%        5.9882%
------------------------------------------------------
 17A
------------------------------------------------------
 17B
------------------------------------------------------
 17C

------------------------------------------------------
  19       115     $111,275    5.8500%        5.8182%
------------------------------------------------------
  26       116      $80,891    6.3500%        6.3182%
------------------------------------------------------
  30       295      $78,677    6.4100%        6.3782%
------------------------------------------------------
  31        49      $65,626    5.3900%        5.3582%
------------------------------------------------------
  32       114      $79,999    6.7300%        6.6982%

------------------------------------------------------
  33       115      $70,122    5.7000%        5.6682%
------------------------------------------------------
  34       115      $66,836    6.0400%        6.0082%
------------------------------------------------------
  38       114      $57,471    5.6100%        5.5782%
------------------------------------------------------
  45       115      $53,452    5.8100%        5.7782%
------------------------------------------------------
  47       109      $52,049    5.9800%        5.9482%
------------------------------------------------------
  48       116      $51,421    6.2800%        6.2482%
------------------------------------------------------
  51       116      $50,090    6.3500%        6.3182%
------------------------------------------------------
  53       116      $45,618    5.7700%        5.7382%
------------------------------------------------------
  54       117      $52,421    6.6600%        6.6282%
------------------------------------------------------
  55       116      $41,698    5.6800%        5.6482%
------------------------------------------------------
  56       115      $42,705    6.0300%        5.9982%
------------------------------------------------------
  61       114      $41,825    6.3100%        6.2782%
------------------------------------------------------
  66       116      $36,259    5.9200%        5.8882%
------------------------------------------------------
  67       112      $33,767    5.4200%        5.3882%
------------------------------------------------------
  68       112      $32,209    5.0000%        4.9682%
------------------------------------------------------
  72       110      $14,701    5.8200%        5.7882%
------------------------------------------------------
  73       110      $12,525    5.8200%        5.7882%
------------------------------------------------------

                                                                SCH.II-5
<PAGE>

<CAPTION>

                                                         Interest                Cut-off Date     Orig         Rem.        Orig
              Servicing                                 Calculation   Original    Principal      Amort.       Amort.       Term
  #  Crossed    Group    Property Name                   (30/360 /    Balance      Balance        Term         Term      Maturity
                                                        Actual/360)
----------------------------------------------------------------------------------------------------------------------------------
<S>     <C>      <C>  <C>                               <C>           <C>          <C>             <C>          <C>         <C>
  74    (B)      1    Avgeris-Ultra Care                Actual/360    $1,170,000   $1,158,649      360          350         120
----------------------------------------------------------------------------------------------------------------------------------
  75             2    Bammelwood Apartments             Actual/360    $5,680,000   $5,650,027      360          354         120
----------------------------------------------------------------------------------------------------------------------------------
  78             1    Ala Moana Tower                   Actual/360    $5,500,000   $5,469,842      300          296         300
----------------------------------------------------------------------------------------------------------------------------------
  79             1    Springlake Park Mobile Home Park  Actual/360    $5,490,000   $5,450,752      300          295         120
----------------------------------------------------------------------------------------------------------------------------------
  80             2    Macedon Commons Shopping Center   Actual/360    $5,300,000   $5,118,150      240          224         120
----------------------------------------------------------------------------------------------------------------------------------
  81             1    South Pointe Village Mobile       Actual/360    $5,000,000   $5,000,000      324          324         120
                      Home Park
----------------------------------------------------------------------------------------------------------------------------------
  82             2    Fountain Brook Apartments         Actual/360    $5,025,000   $4,999,455      360          355         120
----------------------------------------------------------------------------------------------------------------------------------
  84             1    Lakeside Villas                   Actual/360    $5,000,000   $4,959,702      300          294         120
----------------------------------------------------------------------------------------------------------------------------------
  85             2    Westpark Place Office Building    Actual/360    $4,975,000   $4,902,416      360          345          60
----------------------------------------------------------------------------------------------------------------------------------
  86             1    TownePlace Suites Livonia         Actual/360    $4,725,000   $4,707,326      300          297         120
----------------------------------------------------------------------------------------------------------------------------------
  88             2    Nacogdoches Marketplace           Actual/360    $4,500,000   $4,500,000      288          288          84
----------------------------------------------------------------------------------------------------------------------------------
  90             1    Warwick Apartments                Actual/360    $4,500,000   $4,474,361      360          354          60
----------------------------------------------------------------------------------------------------------------------------------
  92             1    Country Inns & Suites Clive       Actual/360    $4,345,000   $4,328,747      300          297         120
----------------------------------------------------------------------------------------------------------------------------------
  94             1    Hampton Inn Mechanicsville        Actual/360    $4,300,000   $4,268,584      300          294         120
----------------------------------------------------------------------------------------------------------------------------------
  95             2    Thunderbird Village Mobile Home   Actual/360    $4,300,000   $4,263,338      300          294         120
                      Park
----------------------------------------------------------------------------------------------------------------------------------
  96             1    Physicians Plaza II               Actual/360    $4,200,000   $4,200,000      348          348         120
----------------------------------------------------------------------------------------------------------------------------------
  97             2    Timbers of Keegan's Bayou         Actual/360    $4,200,000   $4,179,534      360          355         120
                      Apartments
----------------------------------------------------------------------------------------------------------------------------------
  98             1    Redbird Towers                    Actual/360    $4,150,000   $4,129,167      360          354         120
----------------------------------------------------------------------------------------------------------------------------------
  99             2    Hampton Inn Midlothian            Actual/360    $4,100,000   $4,070,046      300          294         120
----------------------------------------------------------------------------------------------------------------------------------
 104             2    Parkridge Plaza                   Actual/360    $3,937,500   $3,919,551      360          355         120
----------------------------------------------------------------------------------------------------------------------------------
 106             1    Buckner Village Apartments        Actual/360    $3,900,000   $3,861,290      300          293         120
----------------------------------------------------------------------------------------------------------------------------------
 107             2    Chastain Manor Apartments         Actual/360    $3,900,000   $3,829,647      240          232         120
----------------------------------------------------------------------------------------------------------------------------------
 109             2    Park Towers Apartments            Actual/360    $3,800,000   $3,780,588      360          354         120
----------------------------------------------------------------------------------------------------------------------------------
 110             1    Katonah Shopping Center           Actual/360    $3,800,000   $3,699,329      120          116         120
----------------------------------------------------------------------------------------------------------------------------------
 115             1    Chestnut Hill                     Actual/360    $3,500,000   $3,482,981      360          355         120
----------------------------------------------------------------------------------------------------------------------------------
 116             2    Village Center at Marshall's      Actual/360    $3,400,000   $3,378,870      360          353         120
                      Creek
----------------------------------------------------------------------------------------------------------------------------------
 117             2    Assured Storage                   Actual/360    $3,330,000   $3,303,915      300          294         120
----------------------------------------------------------------------------------------------------------------------------------
 120             2    12 Greenridge Avenue              Actual/360    $3,200,000   $3,185,975      360          356          84
----------------------------------------------------------------------------------------------------------------------------------
 121             1    Yahara Landing Apartments         Actual/360    $3,125,000   $3,106,550      360          354         120
----------------------------------------------------------------------------------------------------------------------------------
 122             2    Sierra Verde Apartments           Actual/360    $3,100,000   $3,074,309      276          271         120
----------------------------------------------------------------------------------------------------------------------------------
 123             1    Pepper Ridge Apartments           Actual/360    $3,060,000   $3,034,840      300          294         120
----------------------------------------------------------------------------------------------------------------------------------
 125             2    Pine Tree Apartments              Actual/360    $2,850,000   $2,828,660      300          295         120
----------------------------------------------------------------------------------------------------------------------------------
 128             2    Arch Creek Run Apartments         Actual/360    $2,800,000   $2,779,580      300          295         120
----------------------------------------------------------------------------------------------------------------------------------
 129             2    Storage Center                    Actual/360    $2,750,000   $2,735,426      360          354         120
----------------------------------------------------------------------------------------------------------------------------------
 130             1    Cy Fair Plaza                     Actual/360    $2,750,000   $2,734,872      300          296         120
----------------------------------------------------------------------------------------------------------------------------------
 133             1    Presidential Suites Apartments    Actual/360    $2,700,000   $2,678,762      360          353         120
----------------------------------------------------------------------------------------------------------------------------------
 133A                 Presidential Suites - The
                      Arbors I
----------------------------------------------------------------------------------------------------------------------------------
 133B                 Presidential Suites - The
                      Arbors II
----------------------------------------------------------------------------------------------------------------------------------
 133C                 Presidential Suites - The
                      Arbors III
----------------------------------------------------------------------------------------------------------------------------------
 135             1    Century Plaza                     Actual/360    $2,625,000   $2,608,391      300          295         120
----------------------------------------------------------------------------------------------------------------------------------
 137             2    Chevy Chase Apartments            Actual/360    $2,600,000   $2,584,553      360          354          60
----------------------------------------------------------------------------------------------------------------------------------
 142             1    Park on Vista Apartments          Actual/360    $2,425,000   $2,404,111      360          352         120
----------------------------------------------------------------------------------------------------------------------------------
 144             1    Hibert Office                     Actual/360    $2,325,000   $2,316,338      360          356         120
----------------------------------------------------------------------------------------------------------------------------------
 145             1    Raffin Executive Center           Actual/360    $2,300,000   $2,291,449      360          356         120
----------------------------------------------------------------------------------------------------------------------------------
 147             1    Monterey Apartments /             Actual/360    $2,230,000   $2,222,369      276          274         120
                      Sherbrooke Apartments
----------------------------------------------------------------------------------------------------------------------------------
 147A                 Sherbrooke Apartments
----------------------------------------------------------------------------------------------------------------------------------
 147B                 Monterey Apartments
----------------------------------------------------------------------------------------------------------------------------------
 148             2    Hidden Hollow Apartments          Actual/360    $2,224,000   $2,219,630      360          358         120
----------------------------------------------------------------------------------------------------------------------------------
 150             2    Medford Shopping Center           Actual/360    $2,200,000   $2,183,565      300          294         120
----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

           Rem.                                Net
         Term to    Monthly    Interest      Mortgage
  #      Maturity   Payment      Rate          Rate

------------------------------------------------------
<S>        <C>     <C>         <C>            <C>
  74       110       $6,880    5.8200%        5.7882%
------------------------------------------------------
  75       114      $35,417    6.3700%        6.3382%
------------------------------------------------------
  78       296      $36,044    6.1800%        6.1482%
------------------------------------------------------
  79       115      $34,804    5.8300%        5.7982%
------------------------------------------------------
  80       104      $38,431    6.1500%        6.1182%
------------------------------------------------------
  81       116      $29,657    5.5000%        5.4682%

------------------------------------------------------
  82       115      $28,911    5.6200%        5.5882%
------------------------------------------------------
  84       114      $33,045    6.2700%        6.2382%
------------------------------------------------------
  85        45      $29,668    5.9500%        5.9182%
------------------------------------------------------
  86       117      $32,378    6.6600%        6.6282%
------------------------------------------------------
  88        78      $26,860    5.0000%        4.9682%
------------------------------------------------------
  90        54      $27,009    6.0100%        5.9782%
------------------------------------------------------
  92       117      $29,774    6.6600%        6.6282%
------------------------------------------------------
  94       114      $29,981    6.8500%        6.8182%
------------------------------------------------------
  95       114      $27,521    5.9300%        5.8982%

------------------------------------------------------
  96       115      $25,762    6.1000%        6.0382%
------------------------------------------------------
  97       115      $24,697    5.8200%        5.7882%

------------------------------------------------------
  98       114      $26,504    6.6000%        6.5682%
------------------------------------------------------
  99       114      $28,587    6.8500%        6.8182%
------------------------------------------------------
 104       115      $23,937    6.1300%        6.0982%
------------------------------------------------------
 106       113      $24,866    5.8900%        5.8582%
------------------------------------------------------
 107       112      $26,828    5.5000%        5.4682%
------------------------------------------------------
 109       114      $24,069    6.5200%        6.4882%
------------------------------------------------------
 110       116      $39,364    4.4900%        4.4582%
------------------------------------------------------
 115       115      $20,603    5.8300%        5.7982%
------------------------------------------------------
 116       113      $20,934    6.2500%        6.2182%

------------------------------------------------------
 117       114      $22,360    6.4400%        6.4082%
------------------------------------------------------
 120        80      $17,869    5.3500%        5.3182%
------------------------------------------------------
 121       114      $18,416    5.8400%        5.8082%
------------------------------------------------------
 122       115      $20,586    5.9200%        5.8882%
------------------------------------------------------
 123       114      $19,997    6.1500%        6.1182%
------------------------------------------------------
 125       115      $17,587    5.5500%        5.5182%
------------------------------------------------------
 128       115      $17,547    5.7100%        5.6782%
------------------------------------------------------
 129       114      $17,111    6.3500%        6.3182%
------------------------------------------------------
 130       116      $17,988    6.1600%        6.1282%
------------------------------------------------------
 133       113      $14,726    5.1400%        5.1082%
------------------------------------------------------
 133A

------------------------------------------------------
 133B

------------------------------------------------------
 133C

------------------------------------------------------
 135       115      $17,806    6.5500%        6.5182%
------------------------------------------------------
 137        54      $15,272    5.8100%        5.7782%
------------------------------------------------------
 142       112      $13,481    5.3100%        5.2782%
------------------------------------------------------
 144       116      $14,165    6.1500%        6.1182%
------------------------------------------------------
 145       116      $14,027    6.1600%        6.1282%
------------------------------------------------------
 147       118      $14,809    5.9200%        5.8882%

------------------------------------------------------
 147A
------------------------------------------------------
 147B
------------------------------------------------------
 148       118      $13,449    6.0800%        6.0482%
------------------------------------------------------
 150       114      $15,158    6.7200%        6.6882%
------------------------------------------------------

                                                                SCH. II-6
<PAGE>

<CAPTION>

                                                         Interest                Cut-off Date     Orig         Rem.        Orig
              Servicing                                 Calculation   Original    Principal      Amort.       Amort.       Term
  #  Crossed    Group    Property Name                   (30/360 /    Balance      Balance        Term         Term      Maturity
                                                        Actual/360)
----------------------------------------------------------------------------------------------------------------------------------
<S>     <C>      <C>  <C>                               <C>           <C>          <C>             <C>          <C>          <C>
 151             1    Catalina Apartments               Actual/360    $2,200,000   $2,169,216      300          291          60
----------------------------------------------------------------------------------------------------------------------------------
 152             1    Crestridge Apartments             Actual/360    $2,167,500   $2,155,242      300          296          60
----------------------------------------------------------------------------------------------------------------------------------
 153    (C)      1    Richlawn Acres Apartments         Actual/360    $1,175,000   $1,160,445      240          234         120
----------------------------------------------------------------------------------------------------------------------------------
 154    (C)      2    Grant Street Apartments           Actual/360      $950,000     $938,232      240          234         120
----------------------------------------------------------------------------------------------------------------------------------
 156             1    DP Building One                   Actual/360    $2,100,000   $2,090,634      360          355         120
----------------------------------------------------------------------------------------------------------------------------------
 158             1    Mesa Grande                       Actual/360    $2,056,000   $2,045,394      300          296         120
----------------------------------------------------------------------------------------------------------------------------------
 159             1    Greylock Apartments               Actual/360    $2,060,000   $2,043,006      300          294         120
----------------------------------------------------------------------------------------------------------------------------------
 160             2    Swarthmore Apartments             Actual/360    $2,060,000   $2,043,006      300          294         120
----------------------------------------------------------------------------------------------------------------------------------
 161             1    Royalwood Apartments              Actual/360    $2,050,000   $2,027,779      360          350         120
----------------------------------------------------------------------------------------------------------------------------------
 163             1    Burnet House                      Actual/360    $2,000,000   $1,994,104      360          357         120
----------------------------------------------------------------------------------------------------------------------------------
 166             1    Northpoint Apartments             Actual/360    $2,000,000   $1,988,541      300          296          60
----------------------------------------------------------------------------------------------------------------------------------
 168             2    66 Fort Point Street              Actual/360    $2,000,000   $1,977,867      300          292         120
----------------------------------------------------------------------------------------------------------------------------------
 169             2    1-7 Journal Square                Actual/360    $1,950,000   $1,944,497      300          298          60
----------------------------------------------------------------------------------------------------------------------------------
 171             1    Melnick Drive                     Actual/360    $1,925,000   $1,915,619      300          296         120
----------------------------------------------------------------------------------------------------------------------------------
 172             1    Desert Plaza Apartments           Actual/360    $1,920,000   $1,910,062      300          296         120
----------------------------------------------------------------------------------------------------------------------------------
 173             1    Burleson Plaza                    Actual/360    $1,875,000   $1,841,504      300          287         120
----------------------------------------------------------------------------------------------------------------------------------
 176             1    Budget Self Storage               Actual/360    $1,800,000   $1,790,189      240          237         240
----------------------------------------------------------------------------------------------------------------------------------
 177             1    Imperial Marshwood Mobile Home    Actual/360    $1,800,000   $1,785,876      300          294         120
                      Park
----------------------------------------------------------------------------------------------------------------------------------
 180             2    300 West Coleman Boulevard        Actual/360    $1,725,000   $1,705,551      360          348         120
----------------------------------------------------------------------------------------------------------------------------------
 182             1    Tiffany Office Building           Actual/360    $1,700,000   $1,692,856      300          297         120
----------------------------------------------------------------------------------------------------------------------------------
 183             2    Forest Mobile Estates Mobile      Actual/360    $1,700,000   $1,686,276      300          294         120
                      Home Park
----------------------------------------------------------------------------------------------------------------------------------
 184             1    Country Club Village Apartments   Actual/360    $1,736,000   $1,685,480      300          274         120
----------------------------------------------------------------------------------------------------------------------------------
 185             1    Vista Pacifica Industrial Park    Actual/360    $1,710,000   $1,672,762      360          329         120
----------------------------------------------------------------------------------------------------------------------------------
 187             1    Oak Manor Apartments              Actual/360    $1,625,000   $1,620,400      300          298         120
----------------------------------------------------------------------------------------------------------------------------------
 188             1    Carriage Works                    Actual/360    $1,600,000   $1,600,000      336          336         120
----------------------------------------------------------------------------------------------------------------------------------
 189             1    Northridge Apartments             Actual/360    $1,600,000   $1,595,283      360          357         120
----------------------------------------------------------------------------------------------------------------------------------
 190             1    Courtyard Apartments              Actual/360    $1,600,000   $1,593,744      300          297         120
----------------------------------------------------------------------------------------------------------------------------------
 191             2    Candlewood Apartments - TN        Actual/360    $1,600,000   $1,592,187      360          355         120
----------------------------------------------------------------------------------------------------------------------------------
 192             2    Clipper Ridge Apartments          Actual/360    $1,580,000   $1,571,298      360          354         120
----------------------------------------------------------------------------------------------------------------------------------
 196             2    Draper Crossing II                Actual/360    $1,500,000   $1,493,655      360          355         120
----------------------------------------------------------------------------------------------------------------------------------
 197             2    Siesta and Julia Mobile Home      Actual/360    $1,500,000   $1,492,066      360          355          84
                      Parks
----------------------------------------------------------------------------------------------------------------------------------
 197A                 Julia Mobile Home Park
----------------------------------------------------------------------------------------------------------------------------------
 197B                 Siesta Mobile Home Park
----------------------------------------------------------------------------------------------------------------------------------
 198             2    Mark IV Apartments                Actual/360    $1,500,000   $1,488,211      300          294         120
----------------------------------------------------------------------------------------------------------------------------------
 199             2    Crosby Town Center Plaza          Actual/360    $1,500,000   $1,482,384      300          291         120
----------------------------------------------------------------------------------------------------------------------------------
 200             2    Discount Personal Storage         Actual/360    $1,462,500   $1,443,807      300          291          60
----------------------------------------------------------------------------------------------------------------------------------
 201             1    Harbor Building                   Actual/360    $1,477,000   $1,425,864      300          267         120
----------------------------------------------------------------------------------------------------------------------------------
 202             2    Highland Court Apartments-NY      Actual/360    $1,440,000   $1,425,054      240          235         120
----------------------------------------------------------------------------------------------------------------------------------
 203             1    Turner Plaza Shopping Center      Actual/360    $1,430,000   $1,418,949      300          294         120
----------------------------------------------------------------------------------------------------------------------------------
 204             2    Miami Hills Apartments            Actual/360    $1,420,000   $1,404,345      240          235         120
----------------------------------------------------------------------------------------------------------------------------------
 208             1    Rufe Snow Depot Self Storage      Actual/360    $1,400,000   $1,386,597      240          235         240
----------------------------------------------------------------------------------------------------------------------------------
 210             2    Westwind Mobile Home Park         Actual/360    $1,350,000   $1,344,019      360          355         120
----------------------------------------------------------------------------------------------------------------------------------
 211             2    6950 Cypress Road                 Actual/360    $1,350,000   $1,340,942      300          294         120
----------------------------------------------------------------------------------------------------------------------------------
 212             1    Germantown Plaza                  Actual/360    $1,350,000   $1,339,529      360          352         120
----------------------------------------------------------------------------------------------------------------------------------
 213             1    86 Christopher Street             Actual/360    $1,300,000   $1,289,230      324          317         120
----------------------------------------------------------------------------------------------------------------------------------
 214             2    Knickerbocker Square Shopping     Actual/360    $1,290,000   $1,280,030      300          294         120
                      Center
----------------------------------------------------------------------------------------------------------------------------------
 216             1    1677 Eureka Road                  Actual/360    $1,250,000   $1,244,364      360          355         120
----------------------------------------------------------------------------------------------------------------------------------
 217             2    Lakewood Village Apartments - TX  Actual/360    $1,240,000   $1,231,441      300          295         120
----------------------------------------------------------------------------------------------------------------------------------
 219             2    Brooke Hall Apartments            Actual/360    $1,230,000   $1,219,853      300          294         120
----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

            Rem.                                 Net
          Term to     Monthly   Interest      Mortgage
  #       Maturity    Payment     Rate          Rate

-------------------------------------------------------
<S>         <C>      <C>        <C>            <C>
 151         51      $13,314    5.3500%        5.3182%
-------------------------------------------------------
 152         56      $13,952    5.9900%        5.9582%
-------------------------------------------------------
 153        114       $8,602    6.2700%        6.2382%
-------------------------------------------------------
 154        114       $6,955    6.2700%        6.2382%
-------------------------------------------------------
 156        115      $12,903    6.2300%        6.1982%
-------------------------------------------------------
 158        116      $13,947    6.5500%        6.5182%
-------------------------------------------------------
 159        114      $13,437    6.1300%        6.0982%
-------------------------------------------------------
 160        114      $13,437    6.1300%        6.0982%
-------------------------------------------------------
 161        110      $11,384    5.3000%        5.2682%
-------------------------------------------------------
 163        117      $11,748    5.8100%        5.7782%
-------------------------------------------------------
 166         56      $12,776    5.9100%        5.8782%
-------------------------------------------------------
 168        112      $12,886    6.0000%        5.9682%
-------------------------------------------------------
 169         58      $12,755    6.1600%        6.1282%
-------------------------------------------------------
 171        116      $13,471    6.8900%        6.8582%
-------------------------------------------------------
 172        116      $13,000    6.5300%        6.4982%
-------------------------------------------------------
 173        107      $12,392    6.2700%        6.2382%
-------------------------------------------------------
 176        237      $14,172    7.2000%        7.1682%
-------------------------------------------------------
 177        114      $12,075    6.4300%        6.3982%

-------------------------------------------------------
 180        108      $10,331    5.9900%        5.9582%
-------------------------------------------------------
 182        117      $10,922    5.9700%        5.9382%
-------------------------------------------------------
 183        114      $11,225    6.2600%        6.2282%

-------------------------------------------------------
 184         94      $12,999    7.6500%        7.6182%
-------------------------------------------------------
 185         89      $12,086    7.6100%        7.5782%
-------------------------------------------------------
 187        118      $10,609    6.1400%        6.1082%
-------------------------------------------------------
 188        118       $9,413    5.5700%        5.5382%
-------------------------------------------------------
 189        117       $9,398    5.8100%        5.7782%
-------------------------------------------------------
 190        117      $10,704    6.4000%        6.3682%
-------------------------------------------------------
 191        115       $9,398    5.8100%        5.7782%
-------------------------------------------------------
 192        114       $9,646    6.1700%        6.1382%
-------------------------------------------------------
 196        115       $9,451    6.4700%        6.4382%
-------------------------------------------------------
 197         79       $8,451    5.4300%        5.3982%

-------------------------------------------------------
 197A
-------------------------------------------------------
 197B
-------------------------------------------------------
 198        114      $10,053    6.4200%        6.3882%
-------------------------------------------------------
 199        111      $10,035    6.4000%        6.3682%
-------------------------------------------------------
 200         51       $9,334    5.9000%        5.8682%
-------------------------------------------------------
 201         87      $11,498    8.1000%        8.0682%
-------------------------------------------------------
 202        115      $10,450    6.1600%        6.1282%
-------------------------------------------------------
 203        114       $9,673    6.5200%        6.4882%
-------------------------------------------------------
 204        115       $9,913    5.6800%        5.6482%
-------------------------------------------------------
 208        235      $10,678    6.7900%        6.7582%
-------------------------------------------------------
 210        115       $8,321    6.2600%        6.2282%
-------------------------------------------------------
 211        114       $9,836    7.3400%        7.3082%
-------------------------------------------------------
 212        112       $7,921    5.8000%        5.7682%
-------------------------------------------------------
 213        113       $8,120    6.0100%        5.9782%
-------------------------------------------------------
 214        114       $8,726    6.5200%        6.4882%

-------------------------------------------------------
 216        115       $7,640    6.1800%        6.1482%
-------------------------------------------------------
 217        115       $8,020    6.0400%        6.0082%
-------------------------------------------------------
 219        114       $8,023    6.1300%        6.0982%
-------------------------------------------------------

                                                                SCH. II-7
<PAGE>

<CAPTION>

                                                         Interest                Cut-off Date     Orig         Rem.        Orig
              Servicing                                 Calculation   Original    Principal      Amort.       Amort.       Term
  #  Crossed    Group    Property Name                   (30/360 /    Balance      Balance        Term         Term      Maturity
                                                        Actual/360)
----------------------------------------------------------------------------------------------------------------------------------
<S>     <C>      <C>  <C>                               <C>         <C>          <C>            <C>          <C>            <C>
 223             1    Shadow Wood Apartments            Actual/360    $1,200,000   $1,191,662      300          295          60
----------------------------------------------------------------------------------------------------------------------------------
 224             2    Paddington Mobile Home Park       Actual/360    $1,207,000   $1,191,004      180          176         180
----------------------------------------------------------------------------------------------------------------------------------
 226             2    American Storage                  Actual/360    $1,150,000   $1,140,812      240          236         120
----------------------------------------------------------------------------------------------------------------------------------
 230             2    Storage Max                       Actual/360    $1,100,000   $1,091,839      300          294         120
----------------------------------------------------------------------------------------------------------------------------------
 231             1    Mount Ephraim Plaza               Actual/360    $1,100,000   $1,091,332      240          236         120
----------------------------------------------------------------------------------------------------------------------------------
 234             2    Woodland Estates Mobile Home      Actual/360    $1,000,000     $993,574      300          295         120
                      Park
----------------------------------------------------------------------------------------------------------------------------------
 235             1    Shady Acres Mobile Home Park      Actual/360    $1,000,000     $991,571      300          294          84
----------------------------------------------------------------------------------------------------------------------------------
 237             1    Colonial Crest Apartments         Actual/360      $950,000     $945,636      360          354         120
----------------------------------------------------------------------------------------------------------------------------------
 238             1    Pleasanton Village Apartments     Actual/360      $920,000     $914,168      360          353         120
----------------------------------------------------------------------------------------------------------------------------------
 239             1    Cedar Bayou Mobile Home Park      Actual/360      $900,000     $894,520      240          237         120
----------------------------------------------------------------------------------------------------------------------------------
 240             2    487 Central Avenue                Actual/360      $900,000     $888,497      300          291          60
----------------------------------------------------------------------------------------------------------------------------------
 244             1    Town and Country Crossing         Actual/360      $850,000     $846,016      300          296         120
----------------------------------------------------------------------------------------------------------------------------------
 245             2    132 Mitchell Street               Actual/360      $825,000     $820,918      300          296         120
----------------------------------------------------------------------------------------------------------------------------------
 248             1    Harrison Terrace Apartments       Actual/360      $750,000     $747,844      300          298         120
----------------------------------------------------------------------------------------------------------------------------------
 250             2    Creekside Manor Apartments        Actual/360      $750,000     $745,981      300          296         120
----------------------------------------------------------------------------------------------------------------------------------
 254             2    Sandia Mobile Home Park           Actual/360      $700,000     $691,421      300          291         120
----------------------------------------------------------------------------------------------------------------------------------
 255             1    Stone Green Apartments            Actual/360      $660,000     $654,899      300          294         120
----------------------------------------------------------------------------------------------------------------------------------
 258             2    Melbourne Plaza                   Actual/360      $650,000     $644,294      300          293         120
----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

            Rem.                                Net
          Term to     Monthly   Interest     Mortgage
  #       Maturity    Payment     Rate         Rate

------------------------------------------------------
<S>        <C>      <C>        <C>            <C>
 223       55        $7,732    6.0000%        5.9682%
------------------------------------------------------
 224       176      $10,428    6.3700%        6.3382%
------------------------------------------------------
 226       116       $8,608    6.5500%        6.5182%
------------------------------------------------------
 230       114       $7,607    6.7600%        6.7282%
------------------------------------------------------
 231       116       $8,305    6.6600%        6.6282%
------------------------------------------------------
 234       115       $6,727    6.4600%        6.4282%

------------------------------------------------------
 235        78       $6,443    6.0000%        5.9682%
------------------------------------------------------
 237       114       $6,320    7.0000%        6.9682%
------------------------------------------------------
 238       113       $5,611    6.1600%        6.1282%
------------------------------------------------------
 239       117       $6,626    6.3400%        6.3082%
------------------------------------------------------
 240        51       $5,744    5.9000%        5.8682%
------------------------------------------------------
 244       116       $6,073    7.1200%        7.0882%
------------------------------------------------------
 245       116       $5,726    6.8000%        6.7682%
------------------------------------------------------
 248       118       $4,851    6.0400%        6.0082%
------------------------------------------------------
 250       116       $4,980    6.3200%        6.2882%
------------------------------------------------------
 254       111       $4,575    6.1500%        6.1182%
-----------------------------------------------------
 255       114       $4,465    6.5200%        6.4882%
------------------------------------------------------
 258       113       $4,434    6.6100%        6.5782%
------------------------------------------------------

</TABLE>

                                                                   SCH. II-8
<PAGE>

<TABLE>
<CAPTION>

              Servicing                                       Maturity               Due               Co-op LTV    Fee
   #  Crossed  Group      Property Name                        Date         ARD      Date  Defeasance  as Co-op  Leasehold

--------------------------------------------------------------------------------------------------------------------------
<S>       <C>     <C>     <C>                                <C>            <C>       <C>    <C>         <C>    <C>
   1               2      Bay Plaza Community Center         12/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
   2               1      Beverly Center                     2/11/2014      N/A       11     Yes         N/A    Leasehold
--------------------------------------------------------------------------------------------------------------------------
   3               1      Stanford Shopping Center           9/11/2008      N/A       11     Yes         N/A    Leasehold
--------------------------------------------------------------------------------------------------------------------------
   4               2      Mayfair Mall                       7/11/2008      N/A       11     Yes
--------------------------------------------------------------------------------------------------------------------------
  4A                      Mayfair Mall - Retail                                                          N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  4B                      Mayfair Mall - Office                                                          N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
   5               1      Meristar Hospitality Portfolio     10/11/2028  10/11/2013   11     Yes
--------------------------------------------------------------------------------------------------------------------------
  5A                      MeriStar Columbia                                                              N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  5B                      MeriStar Arlington                                                             N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
   6               2      Northfield Square Mall             2/11/2014      N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
   7               1      TVO Portfolio                      1/11/2008      N/A       11     Yes
--------------------------------------------------------------------------------------------------------------------------
  7A                      TVO Portfolio - French Quarter                                                 N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  7B                      TVO Portfolio - Garden Pointe                                                  N/A       Fee
                          Apartments
--------------------------------------------------------------------------------------------------------------------------
  7C                      TVO Portfolio - Timbers                                                        N/A       Fee
                          Apartments
--------------------------------------------------------------------------------------------------------------------------
  7D                      TVO Portfolio - Sycamore Village                                               N/A       Fee
                          Apartments
--------------------------------------------------------------------------------------------------------------------------
  7E                      TVO Portfolio - Hillside Park                                                  N/A       Fee
                          Apartments
--------------------------------------------------------------------------------------------------------------------------
   8      (A)      1      Red Lion Hotel Pasco               7/11/2013      N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
   9      (A)      1      Red Lion Hotel Salt Lake Downtown  7/11/2013      N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  10      (A)      1      Red Lion Hotel Redding             7/11/2013      N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  11      (A)      1      Red Lion Hotel Richland Hanford    7/11/2013      N/A       11     Yes         N/A       Fee
                          House
--------------------------------------------------------------------------------------------------------------------------
  13               2      Canterbury Apartments              10/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  17               1      Northland Portfolio                11/11/2013     N/A       11     Yes
--------------------------------------------------------------------------------------------------------------------------
  17A                     Northland Portfolio - Coppermill                                               N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  17B                     Northland Portfolio - Candlewood                                               N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  17C                     Northland Portfolio - Randolph                                                 N/A       Fee
                          Park
--------------------------------------------------------------------------------------------------------------------------
  19               1      Belmont Landing Apartments         10/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  26               1      Sportmart/Westwood Self Storage    11/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  30               2      Irving Towne Center                10/11/2028     N/A       11      No         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  31               1      Ashford Park Apartments            4/11/2008      N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  32               2      National Amusements Anchored       9/11/2013      N/A       11     Yes         N/A       Fee
                          Center
--------------------------------------------------------------------------------------------------------------------------
  33               1      Riverbend Commons                  10/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  34               2      Shoppes of Kenwood                 10/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  38               2      32-50 Cooper Square                9/11/2033   9/11/2013    11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  45               1      Northaven Park Apartments          10/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  47               2      Timbers of Deerbrook Apartments    4/11/2013      N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  48               2      Big Pine Key Shopping Center       11/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  51               1      Far North Shopping Center          11/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  53               1      Junipero Serra Office Building     11/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  54               1      TownePlace Suites Dearborn         12/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  55               1      Mallory Corners                    11/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  56               2      Canal Overlook                     10/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  61               1      30 Buxton Farms Road               9/11/2013      N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  66               2      Columbus Greens                    11/11/2013     N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  67               1      Blackhawk Apartments               7/11/2013      N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  68               2      Oakwood Village Apartments         7/11/2013      N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  72      (B)      1      Avgeris-RBX Industries             5/11/2013      N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  73      (B)      1      Avgeris-IVEX Packaging             5/11/2013      N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  74      (B)      1      Avgeris-Ultra Care                 5/11/2013      N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------
  75               2      Bammelwood Apartments              9/11/2013      N/A       11     Yes         N/A       Fee
--------------------------------------------------------------------------------------------------------------------------

<CAPTION>

          Original             Servicing
           Lockout    Lockout      and                           Environmental
           Period   Expiration  Trustee   Letter of  Earthquake    Insurance
   #      (Months)     Date      Fees      Credit    Insurance      Policy

--------------------------------------------------------------------------------
<S>         <C>    <C>         <C>           <C>       <C>            <C>
   1        116    9/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
   2        116    11/11/2013  0.0318%       N/A       Yes            No
--------------------------------------------------------------------------------
   3        53     3/11/2008   0.0318%       N/A       Yes            No
--------------------------------------------------------------------------------
   4        56     4/11/2008   0.0333%       N/A       N/A            No
--------------------------------------------------------------------------------
  4A
--------------------------------------------------------------------------------
  4B
--------------------------------------------------------------------------------
   5        116    7/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  5A
--------------------------------------------------------------------------------
  5B
--------------------------------------------------------------------------------
   6        113    8/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
   7        54     8/11/2007   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  7A
--------------------------------------------------------------------------------
  7B

--------------------------------------------------------------------------------
  7C

--------------------------------------------------------------------------------
  7D

--------------------------------------------------------------------------------
  7E

--------------------------------------------------------------------------------
   8        117    5/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
   9        117    5/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  10        117    5/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  11        117    5/11/2013   0.0318%       N/A       N/A            No

--------------------------------------------------------------------------------
  13        117    8/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  17        113    5/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  17A
--------------------------------------------------------------------------------
  17B
--------------------------------------------------------------------------------
  17C

--------------------------------------------------------------------------------
  19        117    8/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  26        117    9/11/2013   0.0318%       N/A       No             No
--------------------------------------------------------------------------------
  30        41     4/11/2007   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  31        54     11/11/2007  0.0318%       N/A       Yes            No
--------------------------------------------------------------------------------
  32        117    7/11/2013   0.0318%       N/A       N/A            No

--------------------------------------------------------------------------------
  33        117    8/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  34        117    8/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  38        116    6/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  45        117    8/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  47        117    2/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  48        117    9/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  51        117    9/11/2013   0.0318%    $1,700,000   N/A            No
--------------------------------------------------------------------------------
  53        117    9/11/2013   0.0318%       N/A       Yes            No
--------------------------------------------------------------------------------
  54        114    7/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  55        117    9/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  56        117    8/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  61        97     11/11/2011  0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  66        117    9/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  67        114    2/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  68        117    5/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  72        117    3/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  73        117    3/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  74        117    3/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------
  75        117    7/11/2013   0.0318%       N/A       N/A            No
--------------------------------------------------------------------------------

                                                                  SCH. II-9
<PAGE>

<CAPTION>

              Servicing                                       Maturity               Due               Co-op LTV    Fee
   #  Crossed   Group     Property Name                        Date         ARD      Date  Defeasance  as Co-op  Leasehold

---------------------------------------------------------------------------------------------------------------------------
<S>       <C>     <C>     <C>                                <C>            <C>       <C>    <C>         <C>    <C>

  78               1      Ala Moana Tower                    11/11/2028     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  79               1      Springlake Park Mobile Home Park   10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  80               2      Macedon Commons Shopping Center    11/11/2012     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  81               1      South Pointe Village Mobile Home   11/11/2013     N/A       11     Yes         N/A       Fee
                          Park
---------------------------------------------------------------------------------------------------------------------------
  82               2      Fountain Brook Apartments          10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  84               1      Lakeside Villas                    9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  85               2      Westpark Place Office Building     12/11/2007     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  86               1      TownePlace Suites Livonia          12/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  88               2      Nacogdoches Marketplace            9/11/2028   9/11/2010    11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  90               1      Warwick Apartments                 9/11/2008      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  92               1      Country Inns & Suites Clive        12/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  94               1      Hampton Inn Mechanicsville         9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  95               2      Thunderbird Village Mobile Home    9/11/2013      N/A       11     Yes         N/A       Fee
                          Park
---------------------------------------------------------------------------------------------------------------------------
  96               1      Physicians Plaza II                10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  97               2      Timbers of Keegan's Bayou          10/11/2013     N/A       11     Yes         N/A       Fee
                          Apartments
---------------------------------------------------------------------------------------------------------------------------
  98               1      Redbird Towers                     9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  99               2      Hampton Inn Midlothian             9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  104              2      Parkridge Plaza                    10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  106              1      Buckner Village Apartments         8/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  107              2      Chastain Manor Apartments          7/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  109              2      Park Towers Apartments             9/11/2013      N/A       11     Yes        37.1%      Fee
---------------------------------------------------------------------------------------------------------------------------
  110              1      Katonah Shopping Center            11/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  115              1      Chestnut Hill                      10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  116              2      Village Center at Marshall's       8/11/2013      N/A       11     Yes         N/A       Fee
                          Creek
---------------------------------------------------------------------------------------------------------------------------
  117              2      Assured Storage                    9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  120              2      12 Greenridge Avenue               11/11/2010     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  121              1      Yahara Landing Apartments          9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  122              2      Sierra Verde Apartments            10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  123              1      Pepper Ridge Apartments            9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  125              2      Pine Tree Apartments               10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  128              2      Arch Creek Run Apartments          10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  129              2      Storage Center                     9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  130              1      Cy Fair Plaza                      11/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  133              1      Presidential Suites Apartments     8/11/2013      N/A       11     Yes
---------------------------------------------------------------------------------------------------------------------------
 133A                     Presidential Suites - The Arbors                                               N/A       Fee
                          I
---------------------------------------------------------------------------------------------------------------------------
 133B                     Presidential Suites - The Arbors                                               N/A       Fee
                          II
---------------------------------------------------------------------------------------------------------------------------
 133C                     Presidential Suites - The Arbors                                               N/A       Fee
                          III
---------------------------------------------------------------------------------------------------------------------------
  135              1      Century Plaza                      10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  137              2      Chevy Chase Apartments             9/11/2008      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  142              1      Park on Vista Apartments           7/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  144              1      Hibert Office                      11/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  145              1      Raffin Executive Center            11/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  147              1      Monterey Apartments / Sherbrooke   1/11/2014      N/A       11     Yes
                          Apartments
---------------------------------------------------------------------------------------------------------------------------
 147A                     Sherbrooke Apartments                                                          N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
 147B                     Monterey Apartments                                                            N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  148              2      Hidden Hollow Apartments           1/11/2014      N/A       11     Yes         N/A       Fee
----------------------------------------------------------------------------------------------------------------------------
  150              2      Medford Shopping Center            9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  151              1      Catalina Apartments                6/11/2008      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  152              1      Crestridge Apartments              11/11/2008     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  153     (C)      2      Richlawn Acres Apartments          9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------

<CAPTION>

         Original             Servicing
          Lockout    Lockout     and                            Environmental
          Period   Expiration  Trustee   Letter of  Earthquake    Insurance
   #     (Months)     Date      Fees      Credit    Insurance      Policy

-------------------------------------------------------------------------------
<S>        <C>    <C>         <C>           <C>       <C>           <C>
  78       297    9/11/2028   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  79       117    8/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  80       117    9/11/2012   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  81       117    9/11/2013   0.0318%       N/A       N/A            No

-------------------------------------------------------------------------------
  82       117    8/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  84       114    4/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  85       57     10/11/2007  0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  86       114    7/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  88       81     7/11/2010   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  90       54     4/11/2008   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  92       114    7/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  94       116    6/11/2013   0.0318%    $150,000     N/A            No
-------------------------------------------------------------------------------
  95       117    7/11/2013   0.0318%       N/A       N/A            No

-------------------------------------------------------------------------------
  96       116    7/11/2013   0.0618%       N/A       N/A            No
-------------------------------------------------------------------------------
  97       117    8/11/2013   0.0318%       N/A       N/A            No

-------------------------------------------------------------------------------
  98       117    7/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  99       116    6/11/2013   0.0318%    $150,000     N/A            No
-------------------------------------------------------------------------------
  104      117    8/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  106      117    6/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  107      117    5/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  109      114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  110      117    9/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  115      117    8/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  116      117    6/11/2013   0.0318%       N/A       N/A            No

-------------------------------------------------------------------------------
  117      117    7/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  120      81     9/11/2010   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  121      117    7/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  122      114    5/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  123      114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  125      117    8/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  128      114    5/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  129      114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  130      114    6/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  133      117    6/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
 133A

-------------------------------------------------------------------------------
 133B

-------------------------------------------------------------------------------
 133C

-------------------------------------------------------------------------------
  135      114    5/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  137      54     4/11/2008   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  142      117    5/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  144      114    6/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  145      114    6/11/2013   0.0318%       N/A       No             Yes
-------------------------------------------------------------------------------
  147      114    8/11/2013   0.0318%       N/A       N/A            Yes

-------------------------------------------------------------------------------
 147A
-------------------------------------------------------------------------------
 147B
-------------------------------------------------------------------------------
  148      114    8/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  150      114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  151      54     1/11/2008   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  152      54     6/11/2008   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  153      114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------

                                                                SCH. II-10
<PAGE>

<CAPTION>

              Servicing                                       Maturity               Due               Co-op LTV    Fee
   #  Crossed   Group     Property Name                        Date         ARD      Date  Defeasance  as Co-op  Leasehold

---------------------------------------------------------------------------------------------------------------------------
<S>       <C>     <C>     <C>                                <C>            <C>       <C>    <C>         <C>       <C>
  154     (C)      2      Grant Street Apartments            9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  156              1      DP Building One                    10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  158              1      Mesa Grande                        11/11/2013     N/A       11      No         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  159              1      Greylock Apartments                9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  160              2      Swarthmore Apartments              9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  161              1      Royalwood Apartments               5/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  163              1      Burnet House                       12/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  166              1      Northpoint Apartments              11/11/2008     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  168              2      66 Fort Point Street               7/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  169              2      1-7 Journal Square                 1/11/2009      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  171              1      Melnick Drive                      11/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  172              1      Desert Plaza Apartments            11/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  173              1      Burleson Plaza                     2/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  176              1      Budget Self Storage                12/11/2023     N/A       11      No         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  177              1      Imperial Marshwood Mobile Home     9/11/2013      N/A       11     Yes         N/A       Fee
                          Park
---------------------------------------------------------------------------------------------------------------------------
  180              2      300 West Coleman Boulevard         3/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  182              1      Tiffany Office Building            12/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  183              2      Forest Mobile Estates Mobile       9/11/2013      N/A       11     Yes         N/A       Fee
                          Home Park
---------------------------------------------------------------------------------------------------------------------------
  184              1      Country Club Village Apartments    1/11/2012      N/A       11      No         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  185              1      Vista Pacifica Industrial Park     8/11/2011      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  187              1      Oak Manor Apartments               1/11/2014      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  188              1      Carriage Works                     1/11/2034   1/11/2014    11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  189              1      Northridge Apartments              12/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  190              1      Courtyard Apartments               12/11/2013     N/A       11      No         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  191              2      Candlewood Apartments - TN         10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  192              2      Clipper Ridge Apartments           9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  196              2      Draper Crossing II                 10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  197              2      Siesta and Julia Mobile Home       10/11/2010     N/A       11     Yes
                          Parks
---------------------------------------------------------------------------------------------------------------------------
 197A                     Julia Mobile Home Park                                                         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
 197B                     Siesta Mobile Home Park                                                        N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  198              2      Mark IV Apartments                 9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  199              2      Crosby Town Center Plaza           6/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  200              2      Discount Personal Storage          6/11/2008      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  201              1      Harbor Building                    6/11/2011      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  202              2      Highland Court Apartments-NY       10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  203              1      Turner Plaza Shopping Center       9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  204              2      Miami Hills Apartments             10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  208              1      Rufe Snow Depot Self Storage       10/11/2023     N/A       11      No         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  210              2      Westwind Mobile Home Park          10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  211              2      6950 Cypress Road                  9/11/2013      N/A       11      No         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  212              1      Germantown Plaza                   7/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  213              1      86 Christopher Street              8/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  214              2      Knickerbocker Square Shopping      9/11/2013      N/A       11     Yes         N/A       Fee
                          Center
---------------------------------------------------------------------------------------------------------------------------
  216              1      1677 Eureka Road                   10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  217              2      Lakewood Village Apartments - TX   10/11/2013     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  219              1      Brooke Hall Apartments             9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  223              1      Shadow Wood Apartments             10/11/2008     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  224              2      Paddington Mobile Home Park        11/11/2018     N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  226              2      American Storage                   11/11/2013     N/A       11      No         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------
  230              2      Storage Max                        9/11/2013      N/A       11     Yes         N/A       Fee
---------------------------------------------------------------------------------------------------------------------------

<CAPTION>

         Original             Servicing
          Lockout    Lockout     and                            Environmental
          Period   Expiration  Trustee   Letter of  Earthquake    Insurance
   #     (Months)     Date      Fees      Credit    Insurance      Policy

-------------------------------------------------------------------------------
<S>         <C>    <C>         <C>           <C>       <C>           <C>
  154       114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  156       114    5/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  158       40     4/11/2007   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  159       114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  160       114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  161       117    3/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  163       114    7/11/2013   0.0318%       N/A       No             Yes
-------------------------------------------------------------------------------
  166       57     9/11/2008   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  168       114    2/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  169       54     8/11/2008   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  171       114    6/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  172       114    6/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  173       117    12/11/2012  0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  176       39     4/11/2007   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  177       114    4/11/2013   0.0318%       N/A       N/A            Yes

-------------------------------------------------------------------------------
  180       117    1/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  182       114    7/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  183       114    4/11/2013   0.0318%       N/A       N/A            Yes

-------------------------------------------------------------------------------
  184       36     2/11/2005   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  185       114    3/11/2011   0.0318%       N/A       No             Yes
-------------------------------------------------------------------------------
  187       114    8/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  188       114    8/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  189       114    7/11/2013   0.0318%       N/A       No             Yes
-------------------------------------------------------------------------------
  190       39     4/11/2007   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  191       114    5/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  192       114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  196       117    8/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  197       78     5/11/2010   0.0318%       N/A       N/A            Yes

-------------------------------------------------------------------------------
 197A
-------------------------------------------------------------------------------
 197B
-------------------------------------------------------------------------------
  198       114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  199       114    1/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  200       54     1/11/2008   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  201       114    1/11/2011   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  202       114    5/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  203       117    7/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  204       114    5/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  208       41     4/11/2007   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  210       116    7/11/2013   0.0318%       N/A       N/A            No
-------------------------------------------------------------------------------
  211       42     4/11/2007   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  212       114    2/11/2013   0.0318%    $150,000     N/A            Yes
-------------------------------------------------------------------------------
  213       114    3/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  214       117    7/11/2013   0.0318%       N/A       N/A            No

-------------------------------------------------------------------------------
  216       114    5/11/2013   0.0318%       N/A       No             Yes
-------------------------------------------------------------------------------
  217       114    5/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  219       114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  223       54     5/11/2008   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  224       174    6/11/2018   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  226       40     4/11/2007   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  230       114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------

                                                              SCH. II-11
<PAGE>

<CAPTION>

              Servicing                                       Maturity               Due               Co-op LTV     Fee
   #  Crossed   Group     Property Name                        Date         ARD      Date  Defeasance  as Co-op   Leasehold

----------------------------------------------------------------------------------------------------------------------------
<S>       <C>      <C>    <C>                                <C>            <C>       <C>    <C>         <C>         <C>

  231              1      Mount Ephraim Plaza                11/11/2013     N/A       11     Yes         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------
  234              2      Woodland Estates Mobile Home Park  10/11/2013     N/A       11      No         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------
  235              1      Shady Acres Mobile Home Park       9/11/2010      N/A       11     Yes         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------
  237              1      Colonial Crest Apartments          9/11/2013      N/A       11     Yes         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------
  238              1      Pleasanton Village Apartments      8/11/2013      N/A       11     Yes         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------
  239              1      Cedar Bayou Mobile Home Park       12/11/2013     N/A       11     Yes         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------
  240              2      487 Central Avenue                 6/11/2008      N/A       11     Yes         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------
  244              1      Town and Country Crossing          11/11/2013     N/A       11     Yes         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------
  245              2      132 Mitchell Street                11/11/2013     N/A       11     Yes         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------
  248              1      Harrison Terrace Apartments        1/11/2014      N/A       11     Yes         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------
  250              2      Creekside Manor Apartments         11/11/2013     N/A       11     Yes         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------
  254              2      Sandia Mobile Home Park            6/11/2013      N/A       11     Yes         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------
  255              1      Stone Green Apartments             9/11/2013      N/A       11     Yes         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------
  258              2      Melbourne Plaza                    8/11/2013      N/A       11     Yes         N/A         Fee
----------------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------
                                                                                                        15.2%
----------------------------------------------------------------------------------------------------------------------------

<CAPTION>

          Original             Servicing
           Lockout    Lockout     and                            Environmental
           Period   Expiration  Trustee   Letter of  Earthquake    Insurance
   #      (Months)     Date      Fees      Credit    Insurance      Policy

-------------------------------------------------------------------------------
<S>          <C>    <C>         <C>           <C>       <C>           <C>

  231        114    6/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  234        36     11/11/2006  0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  235        78     4/11/2010   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  237        114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  238        114    3/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  239        114    7/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  240        54     1/11/2008   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  244        114    6/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  245        114    6/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  248        114    8/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  250        114    6/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  254        114    1/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  255        114    4/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------
  258        114    3/11/2013   0.0318%       N/A       N/A            Yes
-------------------------------------------------------------------------------

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

-------------------------------------------------------------------------------
</TABLE>

(A)      The underlying mortgage loans secured by Red Lion Hotel Pasco, Red
         Lion Hotel Salt Lake Downtown, Red Lion Hotel Redding and Red Lion
         Hotel Richland Hanford House are cross-collaterilized and
         cross-defaulted, respectively.
(B)      The underlying mortgage loans secured by Avgeris-RBX Industries,
         Avgeris-IVEX Packaging and Avgeris-Ultra Care are cross-collaterilized
         and cross-defaulted, respectively.
(C)      The underlying mortgage loans secured by Richlawn Acres Apartments and
         Grant Street Apartments are cross-collaterilized and cross-defaulted,
         respectively.

                                                                SCH. II-12
<PAGE>

                                                                  SCHEDULE III

                 MORTGAGE LOANS CONSTITUTING MORTGAGE GROUPS

Loan #   Property Name                Loan Seller    Cut-Off
                                                     Balance
---------------------------------------------------------------

---------------------------------------------------------------
  8      Red Lion Hotel Pasco           Column     $10,199,113
  9      Red Lion Hotel Salt Lake       Column     $5,941,231
         Downtown
  10     Red Lion Hotel Redding         Column     $4,951,026
  11     Red Lion Hotel Richland        Column     $4,059,841
         Hanford House
---------------------------------------------------------------

---------------------------------------------------------------
  72     Avgeris-RBX Industries         Column     $2,475,746
  73     Avgeris-IVEX Packaging         Column     $2,109,336
  74     Avgeris-Ultra Care             Column     $1,158,649
---------------------------------------------------------------

---------------------------------------------------------------
 153     Richlawn Acres Apartments      Column     $1,160,445
 154     Grant Street Apartments        Column     $938,232
---------------------------------------------------------------

                                  SCH. III-1
<PAGE>

                                                                   SCHEDULE IV

                        MORTGAGE LOANS WITH LOST NOTES

                                     None

                                  SCH. IV-1
<PAGE>

                                                                    SCHEDULE V

                            EXCEPTIONS TO SELLER'S
                        REPRESENTATIONS AND WARRANTIES

            Reference is made to the Representations and Warranties set forth
in Exhibit A attached hereto corresponding to the paragraph numbers set forth
below:

REPRESENTATION NO. (v):
----------------------

In the case of the mortgage loan identified as Red Lion Hotel Redding, the
borrower is not in physical possession of the certificate of occupancy for the
property but the municipality has confirmed that it has evidence in its
records that one was issued.

In the case of the mortgage loan identified as Westpark Place, a reserve was
funded at the origination of the loan to be released to the borrower upon the
issuance of a certificate of occupancy or life safety certificate for the
property.

REPRESENTATION NO. (x):
----------------------

In the case of four (4) cross-collateralized mortgage loans identified as Red
Lion Hotel Pasco, Red Lion Hotel Salt Lake Downtown, Red Lion Hotel Redding,
Red Lion and Hotel Richland Hanford House, the borrower is entitled to hold a
limited amount of equipment used in the operation of the hotel by means of
equipment leases rather than outright ownership. In such instances, the
mortgage and related security documents do not provide the lender a security
interest or lien on such equipment, but rather only on the borrower's interest
therein, to the extent such an interest may be granted under the terms of the
equipment lease.

REPRESENTATION NO. (xiii):
-------------------------

In the case of the mortgage loan identified as Stanford Shopping Center, there
is other "A Note" secured by the same mortgage which is not part of the
mortgage pool.

In the case of the mortgage loan identified as Beverly Center, the same
mortgage secures additional "A Notes" which are pari passu with the "A Notes"
in the mortgage pool as well as two "B Notes" and one "C Note".

In the case of the mortgage loan identified as Mayfair Mall, there are "A
Notes" secured by the same mortgage which are not part of the mortgage pool,
which "A Notes" are pari passu with the "B Note" in the mortgage pool.

In the case of the mortgage loan identified as TownePlace Suites Dearborn, an
indenture between Ford Motor Land Development Corporation ("Ford") and the
borrower grants to Ford the right to repurchase the fee estate granted upon
the occurrence of certain "events of termination" as described therein. In

                                   SCH. V-1
<PAGE>

mitigation of this right, (i) the lender under the mortgage loan has notices
and opportunity to cure the circumstances which could result in such an event
of termination pursuant to the indenture itself and the accompanying notice,
(ii) a title insurance endorsement has been obtained with respect to any
current default under this indenture, (iii) evidence has been obtained as to
the initial compliance of the property's construction with the initial
development criteria included within the indenture, and (iv) any
misapplication of the proceeds from (or loss resulting from) any repurchase
under the indenture has been added as an additional recourse carve-out item
for both the borrower and the non-recourse carveout indemnitor under the
mortgage loan

In the case of the mortgage loan identified as Buckner Village Apartments, the
mortgaged property is subject to a deed containing a "Foreclosure Sale Use
Agreement" which states that during the term of the Agreement (which
terminates July 29, 2014), any conveyance of the mortgaged property must have
prior written approval of HUD, which was obtained for the origination of this
mortgage loan.

REPRESENTATION NO. (xxiii):
--------------------------

In the case of the mortgage loan identified as Ashford Park Apartments, the
terrorism insurance requirement is waived for the first year of the loan which
was originated on March 26, 2003.

REPRESENTATION NO. (xxvii):
--------------------------

In the case of the mortgage loan identified as Avgeris - IVEX Packaging, an
adjacent property to the south of the mortgaged property has been impacted by
a gasoline release. A representative from the Illinois Environmental
Protection Agency (IEPA) stated that the extent of contamination from the
south adjacent property had been defined, but IEPA could not determine whether
the groundwater at the subject property has been impacted and the
investigation continues. The environmental consultant reported that if the
mortgaged property has been impacted by the south adjacent property, the IEPA
will most likely grant an "innocent operator" exemption from liability to the
owner of the mortgaged property and require the responsible party to remediate
all impacts.

In the case of the mortgage loan identified as Riverbend Commons, the subject
property's soil has been impacted by residual lead contamination. The borrower
has received a Determination of Baseline Environmental Assessment Petition
Affirmation letter ("Affirmation Letter") from the Michigan Department of
Environmental Quality (MDEQ). The Affirmation Letter states that an
environmental analysis submitted to MDEQ is adequate for purposes of obtaining
an exemption from liability for past contamination not caused by the current
owner.

In the case of the mortgage loan identified as Cornerstone Plaza Shopping
Center, a Phase II environmental investigation in the area of a former
dry-cleaning operation revealed low levels of chlorinated constituents above
the Texas Commission on Environmental Quality (TCEQ) soil to groundwater
standards. On August 27, 2003, the Phase II environmental consultant provided
notice to the TCEQ of the Phase II environmental investigation results and
requested regulatory closure of the mortgaged property. The Phase II
environmental consultant stated that based on its professional experience, the
TCEQ will not require further action because the source of the impact has been
removed, the constituent levels are below residential action levels, the
property is capped by the current

                                   SCH. V-2
<PAGE>

development, and groundwater is not used in the area. Pursuant to the
applicable loan documents, the borrower is required to provide the necessary
notice to the TCEQ and to seek a "No Further Action" letter. A $1,000 reserve
was established upon the origination of this loan for the purpose of obtaining
the "No Further Action" letter.

REPRESENTATION NO. (xxviii):
---------------------------

In the case of each of the mortgage loans identified as Mayfair Mall and
Beverly Center, a controlling interest in the related borrower may be directly
or indirectly transferred or sold without the lender's consent provided that
certain stipulated conditions including qualifications of, or specified
parameters for, the proposed transferee are satisfied or the permitted
qualified transferee is identified in the mortgage documents, and, in some
instances, certain rating agency and legal opinion requirements.

In the case of four (4) cross-collateralized mortgage loans identified as Red
Lion Hotel Pasco, Red Lion Hotel Salt Lake Downtown, Red Lion Hotel Redding,
Red Lion and Hotel Richland Hanford House, the borrower (through several tiers
of ownership) is ultimately owned primarily by WestCoast Hospitality
Corporation, a publicly traded company. Transfers of ownership interests in
WestCoast Hospitality Corporation are permitted and do not violate the due on
sale clause of the related mortgages so long as it remains a publicly traded
company.

REPRESENTATION NO. (xxxi):
-------------------------

(B) In the case of the mortgage loan identified as Stanford Shopping Center,
the ground lease does not provided that it will not be amended or modified
without the consent of the lender; however, it does provide that no such
amendment or modification made without the consent of the lender will be
binding on the lender or any purchaser at foreclosure.

(E) In the case of the mortgage loan identified as Stanford Shopping Center,
the ground lease does not permit the ground lease to be assigned without the
lessor's consent, which consent is not to be unreasonably withheld or delayed
provided certain conditions are satisfied, including, among others, that no
event of default shall have occurred, that the proposed transferee (or its
parent company) and the key personnel, which may include a third party
management company, satisfy certain experience thresholds, that the proposed
transferee (or its parent company) shall be an institutional lender (as
defined in the ground lease) or a knowledgeable investor who has (or whose
parent company has) a net worth of $1,000,000,000.

(J) and (K) In the case of the mortgage loan identified as Beverly Center, if
the ground lease is terminated the lessor and lessee divide such proceeds
based upon the termination date of the ground lease.

(L) In the case of the mortgage loan identified as Beverly Center, while the
ground lease provides for such new lease upon termination of the ground lease
but does not expressly state that this includes rejection of the ground lease
in a bankruptcy proceeding.

REPRESENTATION NO. (xxxvi):
--------------------------

                                   SCH. V-3
<PAGE>

In the case of the mortgage loan identified as Columbus Greens, the borrower
may incur unsecured financing in an amount of up to $100,000 for the sole
purpose of acquiring up to a maximum of 21mobile/manufactured homes to be held
at the mortgaged property for the purpose of sale to a third party.

In the case of the mortgage loan identified as Ala Moana Tower, the borrower
is allowed to make a one time loan to Kendric Wong in an amount not to exceed
$3,500,000 (such loan to be from the proceeds of the mortgage loan) provided
that so long as Kendric Wong is a guarantor under a guaranty and indemnity
agreement in favor of the lender under the mortgage loan, the borrower may
not, without the prior written consent of the lender, commence any legal
action against Kendric Wong to recover such loan.

REPRESENTATION NO. (xxxviii):
----------------------------

In the case of the mortgage loan identified as Creekside Plaza, the mortgaged
property secures secondary financing from the Redevelopment Agency of the City
of San Leandro.

In the case of the mortgage loan identified as Canal Overlook, there is
subordinate debt payable to the City of Indianapolis relating to a trust
account established by the City in the early 1990s for the development of the
mortgaged property. The City executed a standstill and subordination agreement
by which it agreed that no amounts (including principal and interest) will be
due and payable during the term of the mortgage loan and that the City could
not assign the rights under the subordinate debt until the mortgage loan is
paid in full. The City's subordinate debt in its current amount is permitted
so long as and when combined with the mortgage loan, the loan to value ratio
under the mortgage loan is no greater than 90% and the debt service coverage
ratio under the mortgage loan is no less than 1.20 to 1.0. If borrower fails
to meet those tests it must pay down the City financing so that they are again
satisfied. Additionally, there is subordinate debt which was originally owed
by the borrower to Old National Bank and has been assigned to the general
partner (95% interest) and sponsor (5% interest) of the borrower. Pursuant to
a subordination and standstill agreement, the general partner and sponsor can
not assign their rights under the subordinate debt until the mortgage loan is
paid in full. The general partner and sponsor are permitted to receive and
apply regularly scheduled payments of accrued interest under the subordinate
debt so long as (i) payments are made solely out of excess cash flow derived
from the mortgage property after the payment of all amounts attributable to
the mortgaged loan and the operating expenses for the mortgaged property, (ii)
no event of default has occurred and is continuing under the mortgage loan,
and (iii) no event has occurred which, with the giving of notice or the
passage of time or both, would constitute an event of default under the
mortgage loan.

In the case of the mortgage loan identified as Columbus Greens, the borrower
may incur unsecured financing in an amount of up to $100,000 for the sole
purpose of acquiring up to a maximum of 21mobile/manufactured homes to be held
at the mortgaged property for the purpose of sale to a third party.

In the case of the mortgage loans identified as TownePlace Suites Dearborn,
Country Inn & Suites Clive and TownePlace Suites Livonia, the borrower is
permitted to incur unsecured indebtedness to an affiliate of borrower which is
undertaken solely for the purpose of satisfying operating or cash flow
shortfalls ("Allowable Affiliate Debt"); provided, however, to the extent any
such indebtedness remains outstanding

                                   SCH. V-4
<PAGE>

in excess of sixty (60) days, Borrower is required to provide the lender
written notice of such indebtedness and the amount thereof and, to the extent
required by lender by written notice to the borrower, the borrower is to cause
the holder of such indebtedness to provide the lender with copies of all
documents evidencing such indebtedness and a subordination and standstill
agreement in form and substance satisfactory to the lender. To the extent the
borrower fails to provide such a subordination and standstill agreement within
thirty (30) days of such notice from the lender, such indebtedness shall cease
to be Allowable Affiliate Debt. For purposes of Allowable Affiliate Debt, the
term "affiliate" of the borrower is meant to be an entity which, directly or
indirectly, is majority owned by Gary S. Holmes or one of the related trusts
or family members of Gary S. Holmes as provided in the related mortgage
instrument.

In the case of the mortgage loan identified as Red Bird Towers Shopping
Center, there is a mezzanine loan in the original amount of $3,950,000 plus
the right to 50.0% of net cash flow and 50.0% of net proceeds from the sale of
the mortgaged property granted to Protective Life Insurance Company ("PLICO")
as secured solely by partnership interests in Borrower. Column Financial, Inc.
and PLICO entered an Intercreditor Agreement whereby the mezzanine loan is
subordinate to Column Loan; PLICO shall not transfer its interests in the
mezzanine loan without the lender's written consent; PLICO can not foreclose
on the partnership interests unless (i) the transferee is PLICO, (ii) the
mortgaged property will be managed by a qualified manager, (iii) a hard
lockbox shall be put in place unless it results in a significant modification
under the treasury regulations governing securitized transactions, (iv) a new
non-consolidation shall be delivered to the holder of the mortgage loan and
(v) PLICO shall enter an Indemnity and Guaranty and Hazardous Substances
Indemnity Agreement.

In the case of the mortgage loan identified as Ala Moana Tower, future
unsecured secondary financing is permitted so long as: (a). the combined
loan-to-value ratio for the Loan and the Other Indebtedness shall not exceed
42%; (b). the combined minimum debt service coverage ratio for the Loan and
the Other Indebtedness shall be equal or greater to the debt service coverage
ratio for the Loan on the date of closing; (c). the holder of such Other
Indebtedness shall be approved by Lender and shall at all times remain the
holder of the Other Indebtedness; (d). the Other Indebtedness shall only be
payable out of available cash flow; (e) the Other Indebtedness shall be
unsecured and shall be evidenced by a promissory note and other related
documents each in form approved by Lender; and (e) the borrower shall deliver
to the lender a Subordination and Standstill Agreement (on lender's standard
form) fully executed by the borrower and the holder of the Other Indebtedness,
which agreement may contain notice and cure rights in favor of the holder of
the Other Indebtedness, subject to approval by lender.

REPRESENTATION NO. (xliii):
--------------------------

In the case of the mortgage loan identified as Brooke Hall Apartments, a
$245,500 "litigation reserve" was established with the lender upon the
origination of the mortgage loan pending the discharge and satisfaction of a
certain judgment in favor of Sysco Food Services.

REPRESENTATION NO. (xlvii):
--------------------------

In the case of the mortgage loan identified as Presidential Suites Apartments
- Arbors I, II, and III, in the event of a casualty affecting in excess of 60%
of any one of the tracts, that tract may be released from the mortgage
provided that no default exists under any loan document and the borrower pays
to lender an

                                   SCH. V-5
<PAGE>

amount equal to the greater of: (a) insurance proceeds for such casualty and
(b) the allocated value of the entire tract subject to the damage in respect
of the entire loan balance.

In the case of the mortgage loan identified as Northland Portfolio, the
borrower has the right to obtain the release of an individual property by
substituting therefor another residential multi-family apartment property of
like kind and quality acquired by the borrower provided that certain
stipulated conditions with respect to the substitute property, debt service
coverage tests for the mortgage loan, and, if the mortgage loan is part of a
securitization, rating agency confirmation to the effect that such
substitution will not result in a withdrawal, qualification or downgrade of
the respective ratings in effect immediately prior to such substitution for
the securities issued in connection with the securitization, among others, are
satisfied. The borrower may not substitute for more than fifty percent (50%)
of the original principal amount of the loan without the lender's prior
consent which may be granted or denied in its sole discretion.

REPRESENTATION NO. (liv):
------------------------

In the case of the mortgage loan identified as 333 West Fort Street, the
environmental indemnity provided by the borrower terminates four years after
the payment in full of the loan by the borrower provided the lender has not
provided notice of any claims prior to that date.

In the case of the mortgage loan identified as Sportmart/Westwood
Self-Storage, the borrower's indemnity related to diminution in value is
limited such that the costs attributable thereto shall never exceed the
outstanding indebtedness and shall only be payable to the extent such
diminution or reduction in sales price results in damage or loss to the lender
as a result of its inability to recover the outstanding indebtedness following
foreclosure or subsequent sale of the mortgaged property by lender or an
affiliated entity.

In the case of the mortgage loan identified as Cooper Square, the borrower is
not liable to the lender for any willful act of material waste.

In the case of the mortgage loan identified as Beverly Center, the borrower
(a) is only liable to the lender with respect to the misapplication or
misappropriation of rents following an event of default (as defined in the
loan documents) if the rents are not applied by borrower to monthly payment,
operating expenses or reserve funds, provided the borrower has received
written notice, and (b) the borrower is not liable for any willful act of
material waste.

In the case of the mortgage loan identified as Stanford Shopping Center, the
borrower (a) is only liable to the lender with respect to the misapplication
or misappropriation of rents following an event of default (as defined in the
loan documents), and (b) the borrower is not liable for any willful act of
material waste.

REPRESENTATION NO. (lv):
-----------------------

Generally, in the case of all mortgage loans, the related loan documents may
not provide that any cash flow from the related mortgaged property that is
applied to amortize such mortgage loan following sits anticipated repayment
date shall, to the extent such net cash flow is in excess of the monthly
payment payable therefrom be net of budgeted and discretionary (servicer
approved) capital expenditures.

                                   SCH. V-6
<PAGE>

                                                                     EXHIBIT A

                        REPRESENTATIONS AND WARRANTIES
                         REGARDING THE MORTGAGE LOANS

            For purposes of these representations and warranties, the phrase
"to the knowledge of Seller" or "to Seller's knowledge" shall mean, except
where otherwise expressly set forth below, the actual state of knowledge of
Seller or any servicer acting on its behalf regarding the matters referred to,
in each case without having conducted any independent inquiry or due diligence
with respect to such matters and without any actual or implied obligation to
make such inquiry or perform such due diligence, other than making such
inquiry or performing such due diligence as would be customarily performed by
prudent commercial or multifamily mortgage lenders or servicers (as the case
may be) with respect to similar mortgage loans or mortgaged properties. All
information contained in documents which are part of or required to be part of
a Mortgage File shall be deemed to be within the knowledge of Seller. Wherever
there is a reference to receipt by, or possession of, Seller of any
information or documents, or to any action taken by Seller or not taken by
Seller, such reference shall include the receipt or possession of such
information or documents by, or the taking of such action or the not taking of
such action by, either Seller or any servicer acting on its behalf.

            Seller hereby represents and warrants, subject to the exceptions
set forth in the Exception Report annexed to this Agreement as Schedule V,
with respect to the Mortgage Loans that as of the date hereinbelow specified
or, if no such date is specified, as of the date of this Agreement:

                  (i) Immediately prior to the sale, transfer and assignment to
      Depositor, no Note or Mortgage was subject to any assignment (other than
      assignments which show a complete chain of assignment to Seller),
      participation or pledge, and Seller had good and marketable title to,
      and was the sole owner of, the related Mortgage Loan;

                  (ii) Each Mortgage Loan was either:

                  (A)   originated by a savings and loan association, savings
                        bank, commercial bank, credit union, or insurance
                        company, which is supervised and examined by a Federal
                        or State authority, or by a mortgagee approved by the
                        Secretary of Housing and Urban Development pursuant to
                        Sections 203 and 211 of the National Housing Act (any
                        of the foregoing, including Seller, a "Qualified
                        Originator"); or

                  (B)   if originated by a person which is not a Qualified
                        Originator (any such person, a "Non-Qualified
                        Originator"), then:

                        1.    such Mortgage Loan was underwritten in
                              accordance with standards established by a
                              Qualified Originator, using application forms
                              and related credit documents approved by the
                              Qualified Originator;

                        2.    the Qualified Originator approved each
                              application and related credit documents before
                              a commitment by the Non-Qualified Originator was

                                  EXH. A-1
<PAGE>

                              issued, and no such commitment was issued until
                              the Qualified Originator agreed to fund such
                              Mortgage Loan;

                        3.    the Mortgage Loan was originated by the
                              Non-Qualified Originator pursuant to an ongoing,
                              standing relationship with the Qualified
                              Originator; and

                        4.    the closing documents for the Mortgage Loan were
                              prepared on forms approved by the Qualified
                              Originator, and, pursuant to the Non-Qualified
                              Originator's ongoing, standing relationship with
                              the Qualified Originator, either:

                              (x)   such closing documents reflect the
                                    Qualified Originator as the original
                                    mortgagee, and such Mortgage Loan was
                                    actually funded by the Qualified
                                    Originator at the closing thereof;

                              (y)   such closing documents reflect the
                                    Non-Qualified Originator as the original
                                    mortgagee, but include assignment
                                    documents executed by the Non-Qualified
                                    Originator in favor of the Qualified
                                    Originator at the time of the closing of
                                    the Mortgage Loan, reflecting the
                                    Qualified Originator as the successor and
                                    assign to the Non-Qualified Originator,
                                    and the Mortgage Loan was funded initially
                                    by the Non-Qualified Originator at the
                                    closing thereof and then acquired by the
                                    Qualified Originator from such
                                    Non-Qualified Originator; or

                              (z)   such closing documents reflect the
                                    Non-Qualified Originator as the original
                                    mortgagee, but include assignment
                                    documents executed by the Non-Qualified
                                    Originator in favor of the Qualified
                                    Originator at the time of the closing of
                                    the Mortgage Loan, reflecting the
                                    Qualified Originator as the successor and
                                    assign to the Non-Qualified Originator,
                                    and the Mortgage Loan was funded initially
                                    by the Qualified Originator at the closing
                                    thereof and then acquired by the Qualified
                                    Originator from such Non-Qualified
                                    Originator.

            (iii) Seller has full right and authority to sell, assign and
transfer such Mortgage Loan and the assignment to Depositor constitutes a
legal, valid and binding assignment of such Mortgage Loan;

            (iv) Seller is transferring such Mortgage Loan free and clear of
any and all liens, pledges, charges or any other interests or security
interests of any nature encumbering such Mortgage Loan, except for interests
in servicing rights created or granted under the Pooling and Servicing
Agreement, subservicing agreements and/or servicing rights purchase agreements
being executed and delivered in connection herewith;

            (v) To Seller's knowledge, based on the related borrower's
representations and covenants in the related mortgage loan documents and such
other due diligence as a reasonably prudent commercial mortgage lender would
deem appropriate, the borrower, lessee and/or operator was in

                                   EXH. A-2
<PAGE>

possession of all licenses, permits, and authorizations then required for use
of the Mortgaged Property which were valid and in full force and effect as of
the origination date and, to Seller's actual knowledge, such licenses, permits
and authorizations are still valid and in full force and effect;

            (vi) Each related Note, Mortgage, Assignment of Leases (if any)
and other agreement executed by or for the benefit of the related borrower,
any guarantor or their successors or assigns in connection with such Mortgage
Loan is the legal, valid and binding obligation of the related borrower,
enforceable in accordance with its terms, except as such enforcement may be
limited by bankruptcy, insolvency, reorganization, moratorium or other laws
affecting the enforcement of creditors' rights or by general principles of
equity (regardless of whether such enforceability is considered in a
proceeding in equity or at law); and there is no right of offset, rescission,
abatement or diminution or valid defense or counterclaim available to the
related borrower with respect to such Note, Mortgage, Assignment of Leases and
other agreements, except as the enforcement thereof may be limited by
bankruptcy, insolvency, reorganization, moratorium or other laws affecting the
enforcement of creditors' rights or by general principles of equity
(regardless of whether such enforceability is considered in a proceeding in
equity or at law);

            (vii) The Mortgage File contains an Assignment of Leases, either
as a separate instrument or incorporated into the related Mortgage. Each
related Assignment of Leases creates a valid first priority collateral
assignment of, or a valid first priority lien or security interest in, certain
rights under the related lease or leases, subject only to a license granted to
the related borrower to exercise certain rights and to perform certain
obligations of the lessor under such lease or leases, including the right to
operate the related leased property, except as the enforcement thereof may be
limited by bankruptcy, insolvency, reorganization, moratorium or other laws
affecting the enforcement of creditors' rights or by general principles of
equity (regardless of whether such enforceability is considered in a
proceeding in equity or at law); no person other than the related borrower
owns any interest in any payments due under such lease or leases that is
superior to or of equal priority with the lender's interest therein;

            (viii) Each related assignment of Mortgage from Seller to the
Trustee and related assignment of the Assignment of Leases, if the Assignment
of Leases is a separate document from the Mortgage, is in recordable form (but
for the insertion of the name and address of the assignee and any related
recording information, which is not yet available to Seller), and such
assignments and any assignment of any other agreement executed by or for the
benefit of the related borrower, any guarantor or their successors or assigns
in connection with such Mortgage Loan from Seller to the Trustee constitutes
the legal, valid and binding assignment from Seller to the Trustee, except as
the enforcement thereof may be limited by bankruptcy, insolvency,
reorganization, liquidation, receivership, moratorium or other laws relating
to or affecting the enforcement of creditors' rights or by general principles
of equity (regardless of whether such enforceability is considered in a
proceeding in equity or at law); provided that, in the case of each of the
Mayfair Mall Mortgage Loan and the Stanford Shopping Center Mortgage Loan, the
related Mortgage, the related Assignment of Leases (if the Assignment of
Leases is a separate document from the related Mortgage) and various other
related agreements executed by or for the benefit of the related borrower, any
guarantor or their successors and assigns in connection with the subject
Mortgage Loan have been assigned to the trustee for a separate commercial
mortgage securitization trust established by Depositor;

                                   EXH. A-3
<PAGE>

            (ix) Since origination (A) except as set forth in the related
Mortgage File, such Mortgage Loan has not been modified, altered, satisfied,
canceled, subordinated or rescinded in whole or in part and (B) each related
Mortgaged Property has not been released, in whole or in part, from the lien
of the related Mortgage in any manner which materially interferes with the
security intended to be provided by such Mortgage; and since December 4, 2003,
no waiver, consent, modification, assumption, alteration, satisfaction,
cancellation, subordination or rescission which changes the terms of, or the
security for, the Mortgage Loan in any material respect has occurred or been
given;

            (x) Each related Mortgage is a valid and enforceable first lien on
the related Mortgaged Property (subject to Permitted Encumbrances (as defined
below)), except as the enforcement thereof may be limited by bankruptcy,
insolvency, reorganization, moratorium or other laws affecting the enforcement
of creditors' rights or by general principles of equity (regardless of whether
such enforceability is considered in a proceeding in equity or at law) , and
except that, in the case of each of the Mayfair Mall Mortgage Loan, the
Stanford Shopping Center Mortgage Loan, the Beverly Center Mortgage Loan and
the CBA Mortgage Loans, respectively, the related Mortgage encumbering the
related Mortgaged Property also secures one or more other mortgage loans; and
such Mortgaged Property is free and clear of any mechanics' and materialmen's
liens which are prior to or equal with the lien of the related Mortgage,
except those which are insured against by a lender's title insurance policy
(as described below). A UCC Financing Statement has been filed and/or recorded
(or sent for filing or recording) in all places necessary to perfect a valid
security interest in the personal property necessary to operate the Mortgaged
Property as currently operated; and such security interest is a first priority
security interest, subject to any prior purchase money security interest in
such personal property, any personal property leases applicable to such
personal property and any other security interest in such personal property
which do not, individually or in the aggregate, materially interfere with the
security intended to be provided for such Mortgage Loan. Any security
agreement, chattel mortgage or equivalent document related to and delivered in
connection with the Mortgage Loan establishes and creates a valid and
enforceable lien on the property described therein, except as such enforcement
may be limited by bankruptcy, insolvency, reorganization, moratorium or other
laws affecting the enforcement of creditors' rights or by general principles
of equity (regardless of whether such enforceability is considered in a
proceeding in equity or at law). In the case of any Mortgage Loan secured by a
hotel, the related loan documents contain such provisions as are necessary and
UCC Financing Statements have been filed as necessary, in each case, to
perfect a valid first priority security interest in the related operating
revenues with respect to such Mortgaged Property. Notwithstanding the
foregoing, no representation is made as to the perfection of any security
interest in rent, operating revenues or other personal property to the extent
that possession or control of such items or actions other than the filing of
UCC Financing Statements are required in order to effect such perfection;

            (xi) Seller has not taken any action that would cause the
representations and warranties made by the related borrower in the related
Mortgage Loan Documents not to be true;

            (xii) Seller has no knowledge that the material representations
and warranties made by the related borrower in the related Mortgage Loan
Documents are not true in any material respect;

            (xiii) The lien of each related Mortgage is a first priority lien
on the fee or leasehold interest of the related borrower in the principal
amount of such Mortgage Loan or allocated loan amount of the portions of the
Mortgaged Property covered thereby (as set forth in the related Mortgage)
after all

                                   EXH. A-4
<PAGE>

advances of principal and is insured by an ALTA lender's title insurance
policy (except that if such policy is yet to be issued, such insurance may be
evidenced by a "marked up" pro forma policy or title commitment in either case
marked as binding and countersigned by the title company or its authorized
agent, either on its face or by an acknowledged closing instruction or escrow
letter), or its equivalent as adopted in the applicable jurisdiction, insuring
the named mortgagee and its successors and assigns (as sole insured) as to
such lien, subject only to (A) the lien of current real property taxes, water
charges, sewer rents and assessments not yet delinquent or accruing interest
or penalties, (B) covenants, conditions and restrictions, rights of way,
easements and other matters of public record, none of which, individually or
in the aggregate, materially interferes with the current use of the Mortgaged
Property or the security intended to be provided by such Mortgage or with the
borrower's ability to pay its obligations when they become due or the value of
the Mortgaged Property, (C) the exceptions (general and specific) and
exclusions set forth in such policy, none of which, individually or in the
aggregate, materially interferes with the current general use of the Mortgaged
Property or materially interferes with the security intended to be provided by
such Mortgage or with the related borrower's ability to pay its obligations
when they become due or the value of the Mortgaged Property, (D) the rights of
tenants, as tenants only, under leases, including subleases, pertaining to the
related Mortgaged Property, (E) if the related Mortgage Loan is
cross-collateralized with any other Mortgage Loan, the lien of the mortgage
instrument for that other Mortgage Loan and (F) if the related Mortgaged
Property is a unit in a condominium, the related condominium declaration
(items (A), (B), (C), (D), (E) and (F) collectively, "Permitted
Encumbrances"), , and except that, in the case of each of the Mayfair Mall
Mortgage Loan, the Stanford Shopping Center Mortgage Loan, the Beverly Center
Mortgage Loan and the CBA Mortgage Loans, respectively, the related Mortgage
encumbering the related Mortgaged Property also secures one or more other
mortgage loans; and with respect to each Mortgage Loan, such Permitted
Encumbrances do not, individually or in the aggregate, materially interfere
with the security intended to be provided by the related Mortgage, the current
principal use of the related Mortgaged Property or the current ability of the
related Mortgaged Property to generate income sufficient to service such
Mortgage Loan; the premium for such policy was paid in full; such policy (or
if it is yet to be issued, the coverage to be afforded thereby) is issued by a
title insurance company licensed to issue policies in the state in which the
related Mortgaged Property is located (unless such state is Iowa) and is
assignable (with the related Mortgage Loan) to Depositor and the Trustee
without the consent of or any notification to the insurer, and is in full
force and effect upon the consummation of the transactions contemplated by
this Agreement; no claims have been made under such policy and Seller has not
undertaken any action or omitted to take any action, and has no knowledge of
any such act or omission, which would impair or diminish the coverage of such
policy;

            (xiv) The proceeds of such Mortgage Loan have been fully disbursed
and there is no requirement for future advances thereunder, and no future
advances have been made which are not reflected in the related Mortgage File;

            (xv) Except as set forth in a property inspection report or
engineering report prepared in connection with the origination of the Mortgage
Loan, as of the later of the date of origination of such Mortgage Loan or the
most recent inspection of the related Mortgaged Property by Seller, as
applicable, and to the knowledge of Seller as of the date hereof, each related
Mortgaged Property is free of any material damage that would affect materially
and adversely the use or value of such Mortgaged Property as security for the
Mortgage Loan (normal wear and tear excepted). If any of the inspection or
engineering reports referred to above in this paragraph (xv) revealed any
immediate repair items, then one

                                   EXH. A-5
<PAGE>

of the following is true: (A) the repairs and/or maintenance necessary to
correct such condition have been completed in all material respects; (B) an
escrow of funds is required or a letter of credit was obtained in an amount
reasonably estimated to be sufficient to complete the repairs and/or
maintenance necessary to correct such condition; or (C) the reasonable
estimation at the time of origination of the Mortgage Loan of the cost to
complete the repairs and/or maintenance necessary to correct such condition
represented no more than the greater of (1) $50,000 and (2) 2% of the value of
the related Mortgaged Property as reflected in an appraisal conducted in
connection with the origination of the subject Mortgage Loan; as of the
closing date for each Mortgage Loan and, to Seller's knowledge, as of the date
hereof, there is no proceeding pending for the total or partial condemnation
of such Mortgaged Property that would have a material adverse effect on the
use or value of the Mortgaged Property;

            (xvi) Seller has inspected or caused to be inspected each related
Mortgaged Property within the past twelve months, or the originator of the
Mortgage Loan inspected or caused to be inspected each related Mortgaged
Property within three months of origination of the Mortgage Loan;

            (xvii) No Mortgage Loan has a shared appreciation feature, any
other contingent interest feature or a negative amortization feature other
than the ARD Loans which may have negative amortization from and after the
related Anticipated Repayment Date;

            (xviii) Each Mortgage Loan is a whole loan, and neither the
Mortgage Loan nor the related Mortgage Loan Documents create or grant an
equity participation to the lender or any other party;

            (xix) The Mortgage Rate (exclusive of any default interest, late
charges, or prepayment premiums) of such Mortgage Loan complied as of the date
of origination with, or was exempt from, applicable state or federal laws,
regulations and other requirements pertaining to usury. Except to the extent
any noncompliance did not materially and adversely affect the value of the
related Mortgaged Property, the security provided by the Mortgage or the
related borrower's operations at the related Mortgaged Property, any and all
other requirements of any federal, state or local laws, including, without
limitation, truth-in-lending, real estate settlement procedures, equal credit
opportunity or disclosure laws, applicable to such Mortgage Loan have been
complied with as of the date of origination of such Mortgage Loan;

            (xx) Neither Seller nor, to Seller's knowledge, any originator,
committed any fraudulent acts during the origination process of any Mortgage
Loan and the origination, servicing and collection of each Mortgage Loan is in
all respects legal, proper and prudent in accordance with customary commercial
mortgage lending standards, and no other person has been granted or conveyed
the right to service the Mortgage Loans or receive any consideration in
connection therewith, except as provided in the Pooling and Servicing
Agreement or any permitted subservicing agreements and/or servicing rights
purchase agreements being executed and delivered in connection therewith;

            (xxi) All taxes and governmental assessments that became due and
owing prior to the date hereof with respect to each related Mortgaged Property
and that are or may become a lien of priority equal to or higher than the lien
of the related Mortgage have been paid or an escrow of funds has been
established and such escrow (including all escrow payments required to be made
prior to the delinquency of such taxes and assessments) is sufficient to cover
the payment of such taxes and assessments;

                                   EXH. A-6
<PAGE>

            (xxii) Except in the case of the Mayfair Mall Mortgage Loan and
the Stanford Shopping Center Mortgage Loan, which Mortgage Loans are currently
being serviced under the Mayfair Mall Servicing Agreement and the Stanford
Shopping Center Servicing Agreement, respectively, all escrow deposits and
payments required pursuant to each Mortgage Loan are in the possession, or
under the control, of Seller or its agent and there are no deficiencies
(subject to any applicable grace or cure periods) in connection therewith, all
such escrows and deposits are being conveyed by Seller to Depositor and
identified as such with appropriate detail, and any and all requirements for
the disbursement of any such escrows have been complied with in all material
respects;

            (xxiii) Each related Mortgaged Property is insured by a fire and
extended perils insurance policy, issued by an insurer meeting the
requirements of the Pooling and Servicing Agreement, in an amount not less
than the lesser of the principal amount of the related Mortgage Loan and the
replacement cost (with no deduction for physical depreciation) and not less
than the amount necessary to avoid the operation of any co-insurance
provisions with respect to the related Mortgaged Property; each related
Mortgaged Property is also covered by business interruption or rental loss
insurance which covers a period of not less than 12 months and comprehensive
general liability insurance in amounts generally required by prudent
commercial mortgage lenders for similar properties; all Mortgaged Properties
in California or in a seismic zone 4 or 5 have had a seismic assessment done
and earthquake insurance was obtained to the extent any such Mortgaged
Property has a probable maximum loss in the event of an earthquake of greater
than twenty percent (20%) of the replacement value of the related
improvements; if the Mortgaged Property for any Mortgage Loan is located
within Florida or within 25 miles of the coast of North Carolina, South
Carolina, Georgia, Alabama, Mississippi, Louisiana or Texas, then, such
Mortgaged Property is insured by windstorm insurance in an amount at least
equal to the lesser of (i) the outstanding principal balance of such Mortgage
Loan and (ii) 100% of the insurable replacement cost of the improvements
located on the related Mortgaged Property; the Mortgaged Properties securing
all of the Mortgage Loans having a Cut-off Date Principal Balance in excess of
$3,000,000 have, as of the date hereof, insurance policies in place with
respect to acts of terrorism or damage related thereto (excluding acts
involving nuclear, biological or chemical terrorism), except any such Mortgage
Loans that are listed on the applicable Exception Report. All premiums on such
insurance policies required to be paid as of the date hereof have been paid;
such insurance policies or the related insurance certificates require prior
notice to the insured of reduction in coverage, termination or cancellation,
and no such notice has been received by Seller; such insurance names the
lender under the Mortgage Loan and its successors and assigns as a named or
additional insured; each related Mortgage Loan obligates the related borrower
to maintain all such insurance and, at such borrower's failure to do so,
authorizes the lender to maintain such insurance at the borrower's cost and
expense and to seek reimbursement therefor from such borrower;

            (xxiv) There is no monetary default, breach, violation or event of
acceleration existing under the related Mortgage Loan. To Seller's knowledge,
there is no (A) non-monetary default, breach, violation or event of
acceleration existing under the related Mortgage Loan or (B) event (other than
payments due but not yet delinquent) which, with the passage of time or with
notice and the expiration of any grace or cure period, would constitute a
default, breach, violation or event of acceleration, which default, breach,
violation or event of acceleration, in the case of either (A) or (B), would
materially and adversely affect the use or value of the Mortgage Loan or the
related Mortgaged Property. Notwithstanding the foregoing, this representation
and warranty does not address or otherwise cover any default, breach,
violation or event of acceleration that specifically pertains to any matter
otherwise

                                   EXH. A-7
<PAGE>

covered by any other representation or warranty made by Seller elsewhere in
this Exhibit A or the Exception Report;

            (xxv) No Mortgage Loan has been more than 30 days delinquent in
making required payments since origination and as of the Cut-off Date no
Mortgage Loan is 30 or more days delinquent in making required payments;

            (xxvi) (A) Each related Mortgage contains provisions so as to
render the rights and remedies of the holder thereof adequate for the
practical realization against the Mortgaged Property of the principal benefits
of the security, including realization by judicial or, if applicable,
non-judicial foreclosure or, subject to applicable state law requirements,
appointment of a receiver, and (B) there is no exemption available to the
borrower which would interfere with such right to foreclose, except, in the
case of either (A) or (B), as the enforcement of the Mortgage may be limited
by bankruptcy, insolvency, reorganization, moratorium, redemption or other
laws affecting the enforcement of creditors' rights or by general principles
of equity (regardless of whether such enforceability is considered in a
proceeding in equity or at law). No borrower is a debtor in a state or federal
bankruptcy or insolvency proceeding;

            (xxvii) At origination, each borrower represented and warranted in
all material respects that to its knowledge, except as set forth in certain
environmental reports and, except as commonly used in the operation and
maintenance of properties of similar kind and nature to the Mortgaged
Property, in accordance with prudent management practices and applicable law,
and in a manner that does not result in any contamination of the Mortgaged
Property, it has not used, caused or permitted to exist and will not use,
cause or permit to exist on the related Mortgaged Property any hazardous
materials in any manner which violates federal, state or local laws,
ordinances, regulations, orders, directives or policies governing the use,
storage, treatment, transportation, manufacture, refinement, handling,
production or disposal of hazardous materials or other environmental laws; and
the related borrower agreed to indemnify, defend and hold the mortgagee and
its successors and assigns harmless from and against losses, liabilities,
damages, injuries, penalties, fines, expenses, and claims of any kind
whatsoever (including attorneys' fees and costs) paid, incurred or suffered
by, or asserted against, any such party resulting from a breach of the
foregoing representations, warranties or covenants given by the borrower in
connection with such Mortgage Loan. A Phase I environmental report (or, with
respect to residential cooperative loans with an original principal balance of
$350,000 or less, a transaction screen meeting ASTM standards) and, with
respect to certain Mortgage Loans, a Phase II environmental report was
conducted by a reputable independent environmental consulting firm in
connection with such Mortgage Loan, which report (or transaction screen) did
not indicate any material non-compliance with applicable environmental laws or
material existence of hazardous materials or, if any material non-compliance
or material existence of hazardous materials was indicated in any such report
(or transaction screen), then at least one of the following statements is
true: (A) funds reasonably estimated to be sufficient to cover the cost to
cure any material non-compliance with applicable environmental laws or
material existence of hazardous materials have been escrowed by the related
borrower and held by the related mortgagee; (B) if the environmental report
recommended an operations and maintenance plan, but not any material
expenditure of funds, an operations and maintenance plan has been required to
be obtained by the related borrower; (C) the environmental condition
identified in the related environmental report was remediated or abated in all
material respects prior to the date hereof; (D) a no further action or closure
letter was obtained from the applicable governmental regulatory authority (or
the environmental issue affecting the related Mortgaged Property was otherwise
listed by such governmental authority as "closed"); (E) such conditions or

                                   EXH. A-8
<PAGE>

circumstances identified in the Phase I environmental report were investigated
further and based upon such additional investigation, an environmental
consultant recommended no further investigation or remediation; (F) a party
unrelated to the borrower with financial resources reasonably estimated to be
adequate to cure the condition or circumstance provided a guaranty or
indemnity to the related borrower to cover the costs of any required
investigation, testing, monitoring or remediation; (G) the expenditure of
funds reasonably estimated to be necessary to effect such remediation is not
greater than two percent (2%) of the outstanding principal balance of the
related Mortgage Loan; or (H) a lender's environmental insurance policy was
obtained and is a part of the related Mortgage File. Notwithstanding the
preceding sentence, with respect to certain Mortgage Loans with an original
principal balance of less than $3,000,000, no environmental report may have
been obtained, but (in such cases where a Phase I environmental report was not
obtained) a lender's secured creditor impaired property environmental
insurance policy was obtained with respect to each such Mortgage Loan. Each of
such secured creditor impaired property environmental insurance policies is a
part of the related Mortgage File. Each of such environmental insurance
policies is in full force and effect, is in an amount not less than the 100%
of the balance of the related Mortgage Loan, and has a term extending not less
than five years after the maturity date of the related Mortgage Loan; the
premiums for such policies have been paid in full; the Trustee is named as an
insured under each of such policies; and Seller has delivered to the insurer
all related environmental reports in its possession. To Seller's knowledge, in
reliance on the environmental reports referred to in the second sentence of
this paragraph (xxvii) and except as set forth in such environmental reports,
each Mortgaged Property is in material compliance with all applicable federal,
state and local environmental laws, and to Seller's knowledge, no notice of
violation of such laws has been issued by any governmental agency or
authority, except, in all cases, as indicated in such environmental reports or
other documents previously provided to the Rating Agencies; and Seller has not
taken any action which would cause the Mortgaged Property to not be in
compliance with all federal, state and local environmental laws pertaining to
environmental hazards;

            (xxviii) (1) Each Mortgage Loan contains provisions for the
acceleration of the payment of the unpaid principal balance of such Mortgage
Loan if, without the consent of the holder of the Mortgage (and the Mortgage
requires the mortgagor to pay all fees and expenses associated with obtaining
such consent), the related Mortgaged Property is directly or indirectly
transferred or sold, and (2) except with respect to transfers of certain
interests in the related borrower to persons already holding interests in the
borrower, their family members, affiliated companies and other estate planning
related transfers that satisfy certain criteria specified in the related
Mortgage (which criteria is consistent with the practices of prudent
commercial mortgage lenders) or any transfers in connection with the death or
disability of owners of the borrower or, if the related Mortgaged Property is
a residential cooperative property, transfers of stock of the related borrower
in connection with the assignment of a proprietary lease for a unit in the
related Mortgaged Property by a tenant-shareholder of the related borrower to
other persons who by virtue of such transfers become tenant-shareholders in
the related borrower, each Mortgage Loan also contains the provisions for the
acceleration of the payment of the unpaid principal balance of such Mortgage
Loan if, without the consent of the holder of the Mortgage (and the Mortgage
requires the mortgagor to pay all fees and expenses associated with obtaining
such consent), a majority interest in the related borrower is directly or
indirectly transferred or sold;

            (xxix) All improvements included in the related appraisal are
within the boundaries of the related Mortgaged Property, except for
encroachments onto adjoining parcels for which Seller has obtained title
insurance against losses arising therefrom or that do not materially and
adversely affect the

                                   EXH. A-9
<PAGE>

use or value of such Mortgaged Property. No improvements on adjoining parcels
encroach onto the related Mortgaged Property except for encroachments that do
not materially and adversely affect the value of such Mortgaged Property, the
security provided by the Mortgage, the current use of the Mortgaged Property,
or the related borrower's operations at the Mortgaged Property;

            (xxx) The information pertaining to the Mortgage Loans which is
set forth in the Mortgage Loan Schedule attached as an exhibit to this
Agreement is complete and accurate in all material respects as of the dates of
the information set forth therein (or, if not set forth therein, as of the
Cut-off Date);

            (xxxi) With respect to any Mortgage Loan where all or any portion
of the estate of the related borrower therein is a leasehold estate under a
ground lease, and the related Mortgage does not also encumber the related
lessor's fee interest in such Mortgaged Property, based upon the terms of the
ground lease and any estoppel received from the ground lessor, Seller
represents and warrants that:

            (A)   The ground lease or a memorandum regarding such ground lease
                  has been duly recorded. The ground lease permits the
                  interest of the lessee to be encumbered by the related
                  Mortgage and does not restrict the use of the related
                  Mortgaged Property by such lessee, its successors or assigns
                  in a manner that would adversely affect the security
                  provided by the related Mortgage. To Seller's knowledge,
                  there has been no material change in the terms of the ground
                  lease since its recordation, except by any written
                  instruments which are included in the related mortgage file;

            (B)   The lessor under such ground lease has agreed in a writing
                  included in the related mortgage file that the ground lease
                  may not be amended, modified, canceled or terminated without
                  the prior written consent of the lender and that any such
                  action without such consent is not binding on the lender,
                  its successors or assigns;

            (C)   The ground lease has an original term (or an original term
                  plus one or more optional renewal terms, which, under all
                  circumstances, may be exercised, and would be enforceable,
                  by the lender) that extends not less than 10 years beyond
                  the amortization term of the related Mortgage Loan;

            (D)   Based on the title insurance policy (or binding commitment
                  therefor) obtained by Seller, the ground lease is not
                  subject to any liens or encumbrances superior to, or of
                  equal priority with, the Mortgage, subject to Permitted
                  Encumbrances and liens that encumber the ground lessor's fee
                  interest;

            (E)   Under the terms of the ground lease, the ground lease is
                  assignable to the lender and its assigns without the consent
                  of the lessor thereunder;

            (F)   The ground lease is in full force and effect, Seller has no
                  actual knowledge that any default beyond applicable notice
                  and grace periods has occurred, and to Seller's knowledge,
                  there is no existing condition which, but for the passage of
                  time or giving of notice, would result in a default under
                  the terms of the ground lease;

                                  EXH. A-10
<PAGE>

            (G)   The ground lease or ancillary agreement, which is part of
                  the Mortgage File, between the lessor and the lessee
                  requires the lessor to give notice of any default by the
                  lessee to the lender;

            (H)   The lender is permitted a reasonable opportunity (including,
                  where necessary, sufficient time to gain possession of the
                  interest of the lessee under the ground lease through legal
                  proceedings, or to take other action so long as the lender
                  is proceeding diligently) to cure any default under the
                  ground lease which is curable after the receipt of notice of
                  any default before the lessor may terminate the ground
                  lease. All rights of the lender under the ground lease and
                  the related Mortgage (insofar as it relates to the ground
                  lease) may be exercised by or on behalf of the lender;

            (I)   The ground lease does not impose any restrictions on
                  subletting that would be viewed as commercially unreasonable
                  by a prudent commercial mortgage lender. The lessor is not
                  permitted to disturb the possession, interest or quiet
                  enjoyment of any subtenant of the lessee in the relevant
                  portion of the Mortgaged Property subject to the ground
                  lease for any reason, or in any manner, which would
                  adversely affect the security provided by the related
                  Mortgage;

            (J)   Under the terms of the ground lease and the related
                  Mortgage, any related insurance proceeds or condemnation
                  award (other than in respect of a total or substantially
                  total loss or taking) will be applied either to the repair
                  or restoration of all or part of the related Mortgaged
                  Property, with the lender or a trustee appointed by it
                  having the right to hold and disburse such proceeds as
                  repair or restoration progresses (except in such cases where
                  a provision entitling another party to hold and disburse
                  such proceeds would not be viewed as commercially
                  unreasonable by a prudent commercial mortgage lender), or to
                  the payment of the outstanding principal balance of the
                  Mortgage Loan, together with any accrued interest, except
                  that in the case of condemnation awards, the ground lessor
                  may be entitled to a portion of such award;

            (K)   Under the terms of the ground lease and the related
                  Mortgage, any related insurance proceeds, or condemnation
                  award in respect of a total or substantially total loss or
                  taking of the related Mortgaged Property will be applied
                  first to the payment of the outstanding principal balance of
                  the Mortgage Loan, together with any accrued interest
                  (except as provided by applicable law or in cases where a
                  different allocation would not be viewed as commercially
                  unreasonable by a prudent commercial mortgage lender, taking
                  into account the relative duration of the ground lease and
                  the related Mortgage and the ratio of the market value of
                  the related Mortgaged Property to the outstanding principal
                  balance of such Mortgage Loan). Until the principal balance
                  and accrued interest are paid in full, neither the lessee
                  nor the lessor under the ground lease will have an option to
                  terminate or modify the ground lease without the prior
                  written consent of the lender as a result of any casualty or
                  partial condemnation; and

                                  EXH. A-11
<PAGE>

            (L)   Provided that the lender cures any defaults which are
                  susceptible to being cured, the lessor has agreed to enter
                  into a new lease upon termination of the ground lease for
                  any reason, including rejection of the ground lease in a
                  bankruptcy proceeding;

            (xxxii) With respect to any Mortgage Loan where all or a material
portion of the estate of the related borrower therein is a leasehold estate,
but the related Mortgage also encumbers the related lessor's fee interest in
such Mortgaged Property: (A) such lien on the related fee interest is
evidenced by the related Mortgage, (B) such Mortgage does not by its terms
provide that it will be subordinated to the lien of any other mortgage or
encumbrance upon such fee interest, (C) upon the occurrence of a default under
the terms of such Mortgage by the related borrower, any right of the related
lessor to receive notice of, and to cure, such default granted to such lessor
under any agreement binding upon the lender would not be considered
commercially unreasonable in any material respect by prudent commercial
mortgage lenders, (D) the related lessor has agreed in a writing included in
the related Mortgage File that the related ground lease may not be amended or
modified without the prior written consent of the lender and that any such
action without such consent is not binding on the lender, its successors or
assigns, and (E) the related ground lease is in full force and effect, and
Seller has no actual knowledge that any default beyond applicable notice and
grace periods has occurred or that there is any existing condition which, but
for the passage of time or giving of notice, would result in a default under
the terms of such ground lease;

            (xxxiii) Except in the case of each of the Mayfair Mall Mortgage
Loan, the Stanford Shopping Center Mortgage Loan, the Beverly Center Mortgage
Loan and the CBA Mortgage Loans, respectively, with respect to those Mortgage
Loans that are cross-collateralized or cross-defaulted, all other loans that
are cross-collateralized or cross-defaulted with such Mortgage Loans are being
transferred to Depositor hereunder;

            (xxxiv) Neither Seller nor any affiliate thereof has any
obligation to make any capital contribution to any borrower under a Mortgage
Loan, other than contributions made on or prior to the date hereof;

            (xxxv) (A) The Mortgage Loan is directly secured by a Mortgage on
a commercial property or multifamily residential property, and (B) the fair
market value of such real property, as evidenced by an appraisal satisfying
the requirements of FIRREA conducted within 12 months of the origination of
the Mortgage Loan, was at least equal to 80% of the principal amount of the
Mortgage Loan (1) at origination (or if the Mortgage Loan has been modified in
a manner that constituted a deemed exchange under Section 1001 of the Code at
a time when the Mortgage Loan was not in default or default with respect
thereto was not reasonably foreseeable, the date of the last such
modification) or (2) at the date hereof; provided that the fair market value
of the real property must first be reduced by (x) the amount of any lien on
the real property interest that is senior to the Mortgage Loan and (y) a
proportionate amount of any lien that is in parity with the Mortgage Loan
(unless such other lien secures a Mortgage Loan that is cross-collateralized
with such Mortgage Loan, in which event the computation described in (B) shall
be made on an aggregated basis);

            (xxxvi) There are no subordinate mortgages encumbering the related
Mortgaged Property, nor are there any preferred equity interests held by the
lender or any mezzanine debt related to

                                  EXH. A-12
<PAGE>

such Mortgaged Property, except as set forth in the Prospectus Supplement, in
this Exhibit A or in the Exception Report;

            (xxxvii) Except in cases where the related Mortgaged Property is a
residential cooperative property, the Mortgage Loan Documents executed in
connection with each Mortgage Loan having an original principal balance in
excess of $5,000,000 require that the related borrower be a Single-Purpose
Entity (for this purpose, "Single-Purpose Entity" shall mean an entity, other
than an individual, having organizational documents which provide
substantially to the effect that it is formed or organized solely for the
purpose of owning and operating one or more Mortgaged Properties, is
prohibited from engaging in any business unrelated to such property and the
related Mortgage Loan, does not have any assets other than those related to
its interest in the related Mortgaged Property or its financing, or any
indebtedness other than as permitted under the related Mortgage Loan). To
Seller's actual knowledge, each borrower has fully complied with the
requirements of the related Note and Mortgage and borrower's organizational
documents regarding Single-Purpose Entity status;

            (xxxviii) Except in cases where the related Mortgaged Property is
a residential cooperative property, each Mortgage Loan prohibits the related
borrower from mortgaging or otherwise encumbering the Mortgaged Property, or
any controlling equity interest in the borrower, without the prior written
consent of the mortgagee or the satisfaction of debt service coverage or
similar criteria specified in the Note or Mortgage which would be acceptable
to a reasonably prudent commercial mortgage lender, and, except in connection
with trade debt and equipment financings in the ordinary course of borrower's
business, from carrying any additional indebtedness, except, in each case,
liens contested in accordance with the terms of the Mortgage Loans or, with
respect to each Mortgage Loan having an original principal balance of less
than $4,000,000, any unsecured debt;

            (xxxix) Each borrower covenants in the Mortgage Loan Documents
that it shall remain in material compliance with all material licenses,
permits and other legal requirements necessary and required to conduct its
business;

            (xl) Each Mortgaged Property (A) is located on or adjacent to a
dedicated road, or has access to an irrevocable easement permitting ingress
and egress, (B) is served by public utilities and services generally available
in the surrounding community or otherwise appropriate for the use in which the
Mortgaged Property is currently being utilized, and (C) constitutes one or
more separate tax parcels or is covered by an endorsement with respect to the
matters described in (A), (B) or (C) under the related title insurance policy
(or the binding commitment therefor);

            (xli) Based solely on a flood zone certification or a survey of
the related Mortgaged Property, if any portion of the improvements on the
Mortgaged Property is located in an area identified by the Federal Emergency
Management Agency or the Secretary of Housing and Urban Development as having
special flood hazards categorized as Zone "A" or Zone "V" and flood insurance
is available, the terms of the Mortgage Loan require the borrower to maintain
flood insurance, or at such borrower's failure to do so, authorizes the lender
to maintain such insurance at the cost and expense of the borrower and such
insurance is in full force and effect in an amount not less than the lesser of
(A) the replacement cost of the material improvements on such Mortgaged
Property, (B) the balance of the Mortgage Loan and (C) the maximum amount of
insurance available under the applicable National Flood Insurance
Administration Program;

                                  EXH. A-13
<PAGE>

            (xlii) With respect to each Mortgage which is a deed of trust, a
trustee, duly qualified under applicable law to serve as such, currently so
serves and is named in the deed of trust or has been substituted in accordance
with applicable law or may be substituted in accordance with applicable law by
the related mortgagee, and except in connection with a trustee's sale after a
default by the related borrower, no fees are payable to such trustee, and such
fees payable are payable by the borrower;

            (xliii) Except as disclosed in the Exception Report to this
Agreement, to the knowledge of Seller as of the date hereof, there was no
pending action, suit or proceeding, arbitration or governmental investigation
against any borrower or Mortgaged Property, an adverse outcome of which would
materially and adversely affect such borrower's ability to perform under the
related Mortgage Loan;

            (xliv) No advance of funds has been made by Seller to the related
borrower (other than mezzanine debt and the acquisition of preferred equity
interests by the preferred equity interest holder, as disclosed in the
Prospectus Supplement), and no funds have, to Seller's knowledge, been
received from any person other than, or on behalf of, the related borrower,
for, or on account of, payments due on the Mortgage Loan;

            (xlv) To the extent required under applicable law, as of the
Cut-off Date or as of the date that such entity held the Note, each holder of
the Note was authorized to transact and do business in the jurisdiction in
which each related Mortgaged Property is located, or the failure to be so
authorized did not materially and adversely affect the enforceability of such
Mortgage Loan;

            (xlvi) All collateral for the Mortgage Loans is being transferred
as part of the Mortgage Loans;

            (xlvii) Except as disclosed in the Exception Report or the
Prospectus Supplement with respect to the Crossed Mortgage Loans and Mortgage
Loans secured by multiple, non-contiguous real properties, no Mortgage Loan
requires the lender to release any portion of the Mortgaged Property from the
lien of the related Mortgage except upon (A) payment in full or defeasance of
the related Mortgage Loan, (B) the satisfaction of certain legal and
underwriting requirements that would be customary for prudent commercial
mortgage lenders, which in all events include payment of a release price at
least 125% of the appraised value of the property to be released or of the
allocated loan amount of such property, (C) releases of unimproved out-parcels
or (D) releases of other portions of the Mortgaged Property which will not
have a material adverse effect on the use or value of the collateral for the
related Mortgage Loan and which were given no value in the appraisal of the
Mortgaged Property or of that portion of the Mortgaged Property used to
calculate the loan-to-value ratio of the Mortgaged Property for underwriting
purposes. No release or partial release of any Mortgaged Property, or any
portion thereof, expressly permitted or required pursuant to the terms of any
Mortgage Loan would constitute a significant modification of the related
Mortgage Loan under Treas. Reg. Section 1.860G-2(b)(2);

            (xlviii) Any insurance proceeds in respect of a casualty loss or
taking will be applied either to (A) the repair or restoration of all or part
of the related Mortgaged Property, with, in the case of all casualty losses or
takings in excess of a specified amount or percentage of the related loan
amount that a prudent commercial lender would deem satisfactory and
acceptable, the lender (or a trustee appointed by it) having the right to hold
and disburse such proceeds as the repair or restoration progresses (except

                                  EXH. A-14
<PAGE>

in any case where a provision entitling another party to hold and disburse
such proceeds would not be viewed as commercially unreasonable by a prudent
commercial mortgage lender) or (B) to the payment of the outstanding principal
balance of such Mortgage Loan together with any accrued interest thereon;

            (xlix) Each UCC Financing Statement, if any, filed with respect to
personal property constituting a part of the related Mortgaged Property and
each assignment, if any, of such UCC Financing Statement to Seller was, and
each assignment, if any, of such UCC Financing Statement in blank which the
Trustee or its designee is authorized to complete (but for the insertion of
the name of the assignee and any related filing information which is not yet
available to Seller) is, in suitable form for filing in the filing office in
which such UCC Financing Statement was filed;

            (l) To Seller's knowledge, (A) each commercial lease covering more
than 10% (20% in the case of any Mortgage Loan having an original principal
balance less than $2,500,000) of the net leaseable area of the related
Mortgaged Property is in full force and effect and (B) there exists no default
under any such commercial lease either by the lessee thereunder or by the
related borrower that could give rise to the termination of such lease;

            (li) Based upon an opinion of counsel and/or other due diligence
considered reasonable by prudent commercial mortgage lenders in the lending
area where the subject property is located, the improvements located on or
forming part of each Mortgaged Property comply with applicable zoning laws and
ordinances, or constitute a legal non-conforming use or structure or, if any
such improvement does not so comply, such non-compliance does not materially
and adversely affect the value of the related Mortgaged Property. With respect
to Mortgage Loans with a Cut-off Date Principal Balance of over $10,000,000,
if the related Mortgaged Property does not so comply, to the extent Seller is
aware of such non-compliance, it has required the related borrower to obtain
law and ordinance insurance coverage in amounts customarily required by
prudent commercial mortgage lenders;

            (lii) Each Mortgage Loan constitutes a "qualified mortgage" within
the meaning of Section 860G(a)(3) of the Code (but without regard to the rule
in Treasury Regulation (as defined herein) Section 1.860G-2(f)(2) that treats
a defective obligation as a qualified mortgage or any substantially similar
successor provision), the related Mortgaged Property, if acquired by a REMIC
in connection with the default or imminent default of such Mortgage Loan would
constitute "foreclosure property" within the meaning of Code Section
860G(a)(8) and all Prepayment Premiums and Yield Maintenance Charges with
respect to such Mortgage Loan constitute "customary prepayment penalties"
within the meaning of Treasury Regulation Section 1.860G-1(b)(2);

            (liii) With respect to any Mortgage Loan that pursuant to the
Mortgage Loan Documents can be defeased, (A) the Mortgage Loan cannot be
defeased within two years after the Closing Date, (B) the borrower can pledge
only United States government securities in an amount sufficient to make all
scheduled payments under the Mortgage Loan when due, (C) the borrower is
required to provide independent certified public accountant's certification
that the collateral is sufficient to make such payments, (D) the loan may be
required to be assumed by a single-purpose entity designated by the holder of
the Mortgage Loan, (E) the borrower is required to provide an opinion of
counsel that the trustee has a perfected security interest in such collateral
prior to any other claim or interest, (F) the borrower is required to pay all
Rating Agency fees associated with defeasance (if rating confirmation is a
specific condition precedent thereto) and all other reasonable expenses
associated with

                                  EXH. A-15
<PAGE>

defeasance, including, but not limited to, accountant's fees and opinions of
counsel, (G) with respect to any Significant Loan (as defined in the Pooling
and Servicing Agreement), the borrower is required to provide an opinion of
counsel that such defeasance will not cause any REMIC created under the
Pooling and Servicing Agreement to fail to qualify as a REMIC for federal or
applicable state tax purposes and (H) with respect to any Significant Loan (as
defined in the Pooling and Servicing Agreement), the borrower must obtain
confirmation from each Rating Agency that the defeasance would not result in
such Rating Agency's withdrawal, downgrade or qualification of the then
current rating of any class of Certificates rated by such Rating Agency;

            (liv) The Mortgage Loan Documents for each Mortgage Loan provide
that the related borrower thereunder shall be liable to the lender for any
losses incurred by the lender due to (A) the misapplication or
misappropriation of rents, insurance proceeds or condemnation awards, (B) any
willful act of material waste, (C) any breach of the environmental covenants
contained in the related Mortgage Loan Documents, and (D) fraud by the related
borrower; provided that, with respect to clause (C) of this sentence, an
indemnification against losses related to such violations or environmental
insurance shall satisfy such requirement; and provided, further, that, if the
related Mortgaged Property is a residential cooperative property, then the
subject Mortgage Loan is fully recourse to the borrower;

            (lv) If such Mortgage Loan is an ARD Loan, it commenced amortizing
on its initial scheduled Due Date and provides that: (A) its Mortgage Rate
will increase by no less than two percentage points in connection with the
passage of its Anticipated Repayment Date and so long as the Mortgage Loan is
an asset of the Trust Fund; (B) its Anticipated Repayment Date is not less
than seven years following the origination of such Mortgage Loan; (C) no later
than the related Anticipated Repayment Date, if it has not previously done so,
the related borrower is required to enter into a "lockbox agreement" whereby
all revenue from the related Mortgaged Property shall be deposited directly
into a designated account controlled by the applicable Master Servicer; and
(D) any cash flow from the related Mortgaged Property that is applied to
amortize such Mortgage Loan following its Anticipated Repayment Date shall, to
the extent such net cash flow is in excess of the Monthly Payment payable
therefrom, be net of budgeted and discretionary (servicer approved) capital
expenditures;

            (lvi) Except as disclosed in the Prospectus Supplement, no
Mortgage Loan, and no group of Mortgage Loans made to the same borrower and to
borrowers that are Affiliates, accounted for more than 5.0% of the aggregate
of the Cut-off Date Principal Balances of all of the mortgage loans (including
the Mortgage Loans) sold to Depositor by Column Financial, Inc., PNC Bank,
National Association, NCB, FSB, and KeyBank National Association pursuant to
those certain Mortgage Loan Purchase Agreements, each dated as of February 26,
2004, between Depositor and Column Financial, Inc., PNC Bank, National
Association, NCB, FSB, and KeyBank National Association, respectively, as of
the Cut-off Date (there being two such Mortgage Loan Purchase Agreements in
the case of Column Financial, Inc.);

            (lvii) Except for the Mortgage Loans with an initial principal
balance less than $3,000,000, in connection with its origination or
acquisition of each Mortgage Loan, Seller obtained an appraisal of the related
Mortgaged Property, which appraisal is signed by an appraiser, who, to
Seller's actual knowledge, had no interest, direct or indirect, in the
borrower, the Mortgaged Property or in any loan made on the security of the
Mortgaged Property, and whose compensation was not affected by the approval or
disapproval of the Mortgage Loan; and

                                  EXH. A-16
<PAGE>

            (lviii) Each Mortgage Loan bears interest at a rate that remains
fixed throughout the remaining term of such Mortgage Loan, except in the case
of an ARD Loan after its Anticipated Repayment Date and except for the
imposition of a default rate.

                                  EXH. A-17
<PAGE>

                                                                     EXHIBIT B

                            AFFIDAVIT OF LOST NOTE

STATE OF NEW YORK          )
                           ) ss.:
COUNTY OF NEW YORK         )

            ____________________________, being duly sworn, deposes and says:

            1. that he is an authorized signatory of Column Financial, Inc.
("Column");

            2. that _______________ is the owner and holder of a mortgage loan
in the original principal amount of $______________ secured by a mortgage (the
"Mortgage") on the premises known as ______________ ______________ located in
______________;

            3. that _______________, after having conducted a diligent
investigation of its records and files, has been unable to locate the
following original note and believes that said original note has been lost,
misfiled, misplaced or destroyed due to a clerical error:

            a note in the original sum of $______________ made by
            ______________, to _______________, under date of ______________
            (the "Note");

            4.    that the Note is now owned and held by _______________;

            5. that the copy of the Note attached hereto is a true and correct
copy thereof;

            6. that the Note has not been paid off, satisfied, assigned,
transferred, encumbered, endorsed, pledged, hypothecated, or otherwise
disposed of and that the original Note has been either lost, misfiled,
misplaced or destroyed;

            7. that no other person, firm, corporation or other entity has any
right, title, interest or claim in the Note except _______________; and

            8. upon assignment of the Note by _______________ to Credit Suisse
First Boston Mortgage Securities Corp. (the "Depositor") and subsequent
assignment by Depositor to the trustee for the benefit of the holders of the
Credit Suisse First Boston Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates, Series 2004-C1 (the "Trustee") (which assignment
may, at the discretion of Depositor, be made directly by _______________ to
the Trustee), _______________ covenants and agrees (a) promptly to deliver to
the Trustee the original Note if it is subsequently found, and (b) to
indemnify and hold harmless the Trustee and its successors and assigns from
and against any and all costs, expenses and monetary losses arising as a
result of _______________'s failure to deliver said original Note to the
Trustee.

                                   EXH. B-1
<PAGE>

                                 COLUMN FINANCIAL, INC.

                                 By:
                                     ------------------------------------------
                                 Name:
                                 Title:

Sworn to before me this _____
day of __________, 2004

                                   EXH. B-2Exhibit 4.3

<PAGE>

                                                             EXECUTION VERSION

==============================================================================

             CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
                                  (Depositor)

                                      and

                            COLUMN FINANCIAL, INC.
                                   (Seller)

                                      and

                         KEYBANK NATIONAL ASSOCIATION
                              (Additional Party)

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

                       MORTGAGE LOAN PURCHASE AGREEMENT

                         Dated as of February 26, 2004
                       --------------------------------

==============================================================================

<PAGE>

<TABLE>
<CAPTION>

                                                TABLE OF CONTENTS

                                                                                                           Page
                                                                                                           ----

<S>                <C>                                                                                       <C>
Section 1.         Agreement to Purchase......................................................................2
Section 2.         Conveyance of Mortgage Loans...............................................................3
Section 3.         Depositor's Conditions to Closing..........................................................8
Section 4.         Seller's Conditions to Closing.............................................................9
Section 5.         Representations and Warranties of Additional Party........................................10
Section 6.         Obligations of Additional Party...........................................................12
Section 7.         Crossed Mortgage Loans....................................................................15
Section 8.         Representations and Warranties of Seller..................................................15
Section 9.         Representations and Warranties of Depositor...............................................18
Section 10.        Survival of Certain Representations, Warranties and Covenants.............................19
Section 11.        Transaction Expenses......................................................................19
Section 12.        Recording Costs and Expenses..............................................................19
Section 13.        Notices...................................................................................19
Section 14.        Examination of Mortgage Files.............................................................20
Section 15.        Successors................................................................................20
Section 16.        Governing Law.............................................................................21
Section 17.        Severability..............................................................................21
Section 18.        Further Assurances........................................................................21
Section 19.        Counterparts..............................................................................21
Section 20.        Treatment as Security Agreement...........................................................21
Section 21.        Recordation of Agreement..................................................................22

Schedule I              Schedule of Transaction Terms
Schedule II             Mortgage Loan Schedule
Schedule III            Mortgage Loans Constituting Mortgage Groups
Schedule IV             Mortgage Loans with Lost Notes
Schedule V              Exceptions to Seller's Representations and Warranties
Exhibit A               Representations and Warranties Regarding the Mortgage Loans
Exhibit B               Form of Lost Note Affidavit

                                                      -i-
</TABLE>

<PAGE>

                       MORTGAGE LOAN PURCHASE AGREEMENT

          This Mortgage Loan Purchase Agreement (this "Agreement"), dated as
of February 26, 2004, is made by and between Column Financial, Inc., a
Delaware corporation ("Column"), as seller (in such capacity, together with
its successors and permitted assigns hereunder, "Seller"), and Credit Suisse
First Boston Mortgage Securities Corp., a Delaware corporation ("CSFB Mortgage
Securities"), as purchaser (in such capacity, together with its successors and
permitted assigns hereunder, "Depositor"), and KeyBank National Association, a
national banking association ("KeyBank"), as an additional party (in such
capacity, together with its successors and permitted assigns hereunder,
"Additional Party").

                                   RECITALS

          I. Capitalized terms used herein without definition have the
meanings ascribed to them in the Schedule of Transaction Terms attached hereto
as Schedule I, which is incorporated herein by this reference, or, if not
defined therein, in the Pooling and Servicing Agreement specified on such
Schedule of Transaction Terms.

          II. On the Closing Date, and on the terms set forth herein, Seller
has agreed to sell to Depositor and Depositor has agreed to purchase from
Seller the mortgage loans identified on the schedule (the "Mortgage Loan
Schedule") annexed hereto as Schedule II (each such mortgage loan, a "Mortgage
Loan" and, collectively, the "Mortgage Loans"). Depositor intends to deposit
the Mortgage Loans and other assets into a trust fund (the "Trust Fund")
created pursuant to the Pooling and Servicing Agreement and to cause the
issuance of the Certificates.

          III. Column acquired all of the Mortgage Loans from KeyBank in
December 2003. In connection with its sale of the Mortgage Loans to Column,
KeyBank agreed to make certain representations and warranties with respect to
the Mortgage Loans, and to cause the delivery of certain documents with
respect to the Mortgage Loans, to any person or entity that acquired the
Mortgage Loans from Column, in accordance with the terms and provisions of the
mortgage loan purchase agreement whereby Column acquired the Mortgage Loans
from KeyBank. In satisfaction of its agreement with Column, KeyBank, as
Additional Party, is making the representations and warranties in this
Agreement, and delivering or causing the delivery of the documents required by
this Agreement, with respect to the Mortgage Loans.

                                   AGREEMENT

          NOW, THEREFORE, on the terms and conditions set forth below and for
good and valuable consideration, the receipt and adequacy of which is hereby
acknowledged, Depositor, Seller and Additional Party agree as follows:

<PAGE>

          Section 1. Transactions on or Prior to the Closing Date. On or prior
to the Closing Date, with the reasonable cooperation of Seller, Additional
Party shall have delivered the Mortgage Files with respect to each of the
Mortgage Loans listed in the Mortgage Loan Schedule to Wells Fargo Bank, N.A.
as trustee (the "Trustee") or its designee, against receipt by Additional
Party of a written receipt, pursuant to an arrangement between Additional
Party and the Trustee; provided, however, that Additional Party shall pay (or
cause the related Borrower to pay) any costs of the assignment or amendment of
each letter of credit described under said item (xvi) required in order for
the Trustee to draw on such letter of credit pursuant to the terms of the
Pooling and Servicing Agreement and, with the reasonable cooperation of
Seller, shall deliver or cause the delivery of the related assignment or
amendment documents within thirty (30) days after the Closing Date. In
addition, prior to such assignment or amendment of a letter of credit, with
the reasonable cooperation of Seller, Additional Party will take all necessary
steps to enable the applicable Master Servicer to draw on the related letter
of credit on behalf of the Trustee pursuant to the terms of the Pooling and
Servicing Agreement, including, if necessary, drawing on the letter of credit
in its own name pursuant to written instructions to draw from the applicable
Master Servicer and upon receipt, immediately remitting the proceeds of such
draw (or causing such proceeds to be remitted) to the applicable Master
Servicer.

          Section 2. Closing Date Actions. The sale of the Mortgage Loans
shall take place on the Closing Date, subject to and simultaneously with the
deposit of the Mortgage Loans into the Trust Fund, the issuance of the
Certificates and the sale of (a) the Publicly Offered Certificates by
Depositor to the Underwriters pursuant to the Underwriting Agreement and (b)
the Private Certificates by Depositor to the Initial Purchaser pursuant to the
Certificate Purchase Agreement. The closing (the "Closing") shall take place
at the offices of Sidley Austin Brown & Wood LLP, 787 Seventh Avenue, New
York, New York 10019, or such other location as agreed upon between the
parties hereto. On the Closing Date, the following actions shall take place in
sequential order on the terms set forth herein:

               (i) Seller shall sell to Depositor, and Depositor shall
     purchase from Seller, the Mortgage Loans pursuant to this Agreement for
     the Mortgage Loan Purchase Price payable in accordance with instructions
     previously provided to Depositor by Seller. The Mortgage Loan Purchase
     Price shall be paid by Depositor to Seller or at its direction by wire
     transfer in immediately available funds to an account designated by
     Seller on or prior to the Closing Date. The "Mortgage Loan Purchase
     Price" shall be the price mutually agreed upon as such in writing between
     Depositor and Seller.

               (ii) Pursuant to the terms of the Pooling and Servicing
     Agreement, Depositor shall sell all of its right, title and interest in
     and to the Mortgage Loans to the Trustee for the benefit of the Holders
     of the Certificates.

               (iii) Depositor shall sell to the Underwriters, and the
     Underwriters shall purchase from Depositor, the Publicly Offered
     Certificates pursuant to the Underwriting Agreement, and Depositor shall
     sell to the Initial Purchaser, and the Initial Purchaser shall purchase
     from Depositor, the Private Certificates pursuant to the Certificate
     Purchase Agreement.

               (iv) The Underwriters will offer the Publicly Offered
     Certificates for sale to the public pursuant to the Prospectus and the
     Prospectus Supplement and the Initial Purchaser will privately place
     certain classes of the Private Certificates pursuant to the Offering
     Circular.

                                      2
<PAGE>

           Section 3. Conveyance of Mortgage Loans. On the Closing Date,
Seller shall sell, convey, assign and transfer, subject to any related
servicing rights of any applicable Master Servicer under, and/or any
applicable Primary Servicer contemplated by, the Pooling and Servicing
Agreement, without recourse except as provided herein, to Depositor, free and
clear of any liens, claims or other encumbrances, all of Seller's right, title
and interest in, to and under: (i) each of the Mortgage Loans identified on
the Mortgage Loan Schedule and (ii) all property of Seller described in
Section 21(b) of this Agreement, including, without limitation, (A) all
scheduled payments of interest and principal due on or with respect to the
Mortgage Loans after the Cut-off Date and (B) all other payments of interest,
principal or prepayment premiums received on or with respect to the Mortgage
Loans after the Cut-off Date, other than any such payments of interest or
principal or prepayment premiums that were due on or prior to the Cut-off
Date. The Mortgage File for each Mortgage Loan shall contain the following
documents on a collective basis:

               (i) the original Note (or with respect to those Mortgage Loans
     listed in Schedule IV hereto, a "lost note affidavit" substantially in
     the form of Exhibit B hereto and a true and complete copy of the Note),
     bearing, or accompanied by, all prior and intervening endorsements or
     assignments showing a complete chain of endorsement or assignment from
     the Mortgage Loan Originator either in blank or to Seller, and further
     endorsed (at the direction of Depositor given pursuant to this Agreement)
     by Seller (or, if appropriate, Additional Party), on its face or by
     allonge attached thereto, without recourse, either in blank or to the
     order of the Trustee in the following form: "Pay to the order of Wells
     Fargo Bank, N.A., as trustee for the registered Holders of Credit Suisse
     First Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through
     Certificates, Series 2004-C1, without recourse, representation or
     warranty, express or implied";

               (ii) a duplicate original Mortgage or a counterpart thereof or,
     if such Mortgage has been returned by the related recording office, (A)
     an original, (B) a certified copy or (C) a copy thereof from the
     applicable recording office, and originals or counterparts (or originals,
     certified copies or copies from the applicable recording office) of any
     intervening assignments thereof from the Mortgage Loan Originator to
     Seller, in each case in the form submitted for recording or, if recorded,
     with evidence of recording indicated thereon;

               (iii) an original assignment of the Mortgage, in recordable
     form (except for any missing recording information and, if applicable,
     completion of the name of the assignee), from Seller (or, if appropriate,
     Additional Party) either in blank or to "Wells Fargo Bank, N.A., as
     trustee for the registered Holders of Credit Suisse First Boston Mortgage
     Securities Corp., Commercial Mortgage Pass-Through Certificates, Series
     2004-C1";

               (iv) an original, counterpart or copy of any related Assignment
     of Leases (if such item is a document separate from the Mortgage), and
     the originals, counterparts or copies of any intervening assignments
     thereof from the Mortgage Loan Originator of the Loan to Seller, in each
     case in the form submitted for recording or, if recorded, with evidence
     of recording thereon;

               (v) an original assignment of any related Assignment of Leases
     (if such item is a document separate from the Mortgage), in recordable
     form (except for any missing recording information and, if applicable,
     completion of the name of the assignee), from Seller (or, if

                                      3
<PAGE>

     appropriate, Additional Party), either in blank or to "Wells Fargo Bank,
     N.A., as trustee for the registered Holders of Credit Suisse First Boston
     Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates,
     Series 2004-C1";

               (vi) an original or true and complete copy of any related
     Security Agreement (if such item is a document separate from the
     Mortgage), and the originals or copies of any intervening assignments
     thereof from the Mortgage Loan Originator to Seller;

               (vii) an original assignment of any related Security Agreement
     (if such item is a document separate from the Mortgage), from Seller (or,
     if appropriate, Additional Party) either in blank or to "Wells Fargo
     Bank, N.A., as trustee for the registered Holders of Credit Suisse First
     Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through
     Certificates, Series 2004-C1," which assignment may be included as part
     of an omnibus assignment covering other documents relating to the
     Mortgage Loan (provided that such omnibus assignment is effective under
     applicable law);

               (viii) originals or copies of all (A) assumption agreements,
     (B) modifications, (C) written assurance agreements and (D) substitution
     agreements, together with any evidence of recording thereon or in the
     form submitted for recording, in those instances where the terms or
     provisions of the Mortgage, Note or any related security document have
     been modified or the Mortgage Loan has been assumed;

               (ix) the original lender's title insurance policy or a copy
     thereof (together with all endorsements or riders that were issued with
     or subsequent to the issuance of such policy), or if the policy has not
     yet been issued, the original or a copy of a binding written commitment
     (which may be a pro forma or specimen title insurance policy which has
     been accepted or approved in writing by the related title insurance
     company) or interim binder that is marked as binding and countersigned by
     the title company, insuring the priority of the Mortgage as a first lien
     on the related Mortgaged Property, relating to such Mortgage Loan;

               (x) the original or a counterpart of any guaranty of the
     obligations of the Borrower under the Mortgage Loan;

               (xi) UCC acknowledgement, certified or other copies of all UCC
     Financing Statements and continuation statements which show the filing or
     recording thereof (including the filing number or other similar filing
     information) or, alternatively, or other evidence of filing or recording
     (including the filing number or other similar filing information)
     acceptable to the Trustee (including, without limitation, evidence of
     such filed or recorded UCC Financing Statement as shown on a written UCC
     search report from a reputable search firm, such as Corporation Service
     Company, CT Corporation System and the like or printouts of on-line
     confirmations from such UCC filing or recording offices or authorized
     agents thereof), sufficient to perfect (and maintain the perfection of)
     the security interest held by the Mortgage Loan Originator (and each
     assignee of record prior to the Trustee) in and to the personalty of the
     Borrower at the Mortgaged Property, and original UCC Financing Statement
     assignments, in a form suitable for filing or recording, sufficient to
     assign each such UCC Financing Statement to the Trustee;

                                      4
<PAGE>

               (xii) the original or copy of the power of attorney (with
     evidence of recording thereon) granted by the Borrower if the Mortgage,
     Note or other document or instrument referred to above was not signed by
     the Borrower;

               (xiii) with respect to any debt of a Borrower permitted under
     the related Mortgage Loan, an original or copy of a subordination
     agreement, standstill agreement or other intercreditor, co-lender or
     similar agreement relating to such other debt, if any, including any
     mezzanine loan documents or preferred equity documents, and a copy of the
     promissory note relating to such other debt (if such other debt is also
     secured by the related Mortgage);

               (xiv) with respect to any Cash Collateral Accounts and Lock-Box
     Accounts, an original or copy of any related account control agreement;

               (xv) an original or copy of any related Loan Agreement (if
     separate from the related Mortgage), and an original or copy of any
     related Lock-Box Agreement or Cash Collateral Account Agreement (if
     separate from the related Mortgage and Loan Agreement);

               (xvi) the originals and copies of letters of credit, if any,
     relating to the Mortgage Loans and amendments thereto which entitles the
     Trust to draw thereon;

               (xvii) any related environmental insurance policy and any
     environmental guarantee or indemnity agreement or copies thereof;

               (xviii) the original or a copy of the ground lease and ground
     lease estoppels, if any, and any amendments, modifications or extensions
     thereto, if any, or certified copies thereof;

               (xix) the original or copy of any property management
     agreement;

               (xx) copies of franchise agreements and franchisor comfort
     letters, if any, for hospitality properties and any applicable
     transfer/assignment documents; and

               (xxi) a checklist of the documents included in the subject
     Mortgage File.

           Notwithstanding the foregoing, in the event that, in connection
with any Mortgage Loan, Additional Party (with reasonable cooperation of
Seller) cannot deliver, or cause to be delivered, an original, counterpart or
certified copy, as applicable, of any of the documents and/or instruments
required to be delivered pursuant to clauses (ii), (iv), (viii), (xi) (other
than assignments of UCC Financing Statements to be recorded or filed in
accordance with the transfer contemplated by this Agreement) and (xii) of the
last sentence of the first paragraph of this Section 3, with evidence of
recording or filing thereon on the Closing Date, solely because of a delay
caused by the public recording or filing office where such document or
instrument has been delivered for recordation or filing, Additional Party with
reasonable cooperation of Seller: (i) shall deliver, or cause to be delivered,
to the Trustee or its designee a duplicate original or true copy of such
document or instrument certified by the applicable public recording or filing
office, the applicable title insurance company or Additional Party to be a
true and complete duplicate original or copy of the original thereof submitted
for recording or filing; and (ii) shall deliver, or cause to be delivered, to
the Trustee or its designee either the original of such non-delivered document
or instrument, or a photocopy thereof (certified by the appropriate public
recording or filing

                                      5
<PAGE>

office to be a true and complete copy of the original thereof submitted for
recording or filing), with evidence of recording or filing thereon, within 120
days after the Closing Date, which period may be extended up to two times, in
each case for an additional period of 45 days (provided that Seller, as
certified in writing to the Trustee prior to each such 45-day extension, is in
good faith attempting to obtain from the appropriate recording or filing
office such original or photocopy). Compliance with this paragraph will
satisfy Additional Party's delivery requirements under this Section 3 with
respect to the subject document(s) and instrument(s).

           Notwithstanding the foregoing, in the event that, in connection
with any Mortgage Loan, Additional Party cannot deliver, or cause to be
delivered, an original, counterpart or certified copy, as applicable, of any
of the documents and/or instruments required to be delivered pursuant to
clauses (ii), (iv), (viii), (xi) (other than assignments of UCC Financing
Statements to be recorded or filed in accordance with the transfer
contemplated by this Agreement) and (xii) of the last sentence of the first
paragraph of this Section 3, with evidence of recording or filing thereon for
any other reason, including without limitation, that such non-delivered
document or instrument has been lost, the delivery requirements of this
Agreement shall be deemed to have been satisfied and such non-delivered
document or instrument shall be deemed to have been included in the related
Mortgage File if a photocopy of such non-delivered document or instrument
(with evidence of recording or filing thereon and certified by the appropriate
recording or filing office to be a true and complete copy of the original
thereof as filed or recorded) is delivered to the Trustee or its designee on
or before the Closing Date.

           Notwithstanding the foregoing, in the event that Additional Party
(with reasonable cooperation of Seller) cannot deliver or cause to be
delivered any UCC Financing Statement assignment with the filing or recording
information of the related UCC Financing Statement with respect to any
Mortgage Loan, solely because such UCC Financing Statement has not been
returned by the public filing or recording office where such UCC Financing
Statement has been delivered for filing or recording, Additional Party shall
so notify the Trustee or its designee and shall not be in breach of its
obligations with respect to such delivery, provided that Additional Party
promptly forwards or causes to be forwarded such UCC Financing Statement to
the Trustee or its designee upon its return, together with the related
original UCC Financing Statement assignment in a form appropriate for filing
or recording.

           Notwithstanding the foregoing, Additional Party may, at its sole
cost and expense, but is not obligated to, engage a third-party contractor to
prepare or complete in proper form for filing or recording any and all
assignments of Mortgage, assignments of Assignments of Leases and assignments
of UCC Financing Statements to the Trustee to be delivered pursuant to clauses
(iii), (v), and (xi) of the last sentence of the first paragraph of this
Section 3 (collectively, the "Assignments"), to submit those Assignments for
filing and recording, as the case may be, in the applicable public filing and
recording offices and to deliver those Assignments to the Trustee or its
designee as those Assignments (or certified copies thereof) are received from
the applicable filing and recording offices with evidence of such filing or
recording indicated thereon. However, in the event Additional Party engages a
third-party contractor as contemplated in the immediately preceding sentence,
the rights, duties and obligations of Additional Party pursuant to this
Agreement remain binding on Additional Party; and, if Additional Party does
not engage a third party as contemplated by the immediately preceding
sentence, then Additional Party will still be liable for recording and filing
fees and expenses of the Assignments as and to the extent contemplated by
Section 13 hereof.

                                      6
<PAGE>

           Within ten (10) Business Days after the Closing Date, Additional
Party (with reasonable cooperation of Seller) shall deliver, or cause to be
delivered, the Servicer Files with respect to each of the Mortgage Loans to
the applicable Master Servicer (or, if applicable, to a Sub-Servicer (with a
copy to the applicable Master Servicer) at the direction of the applicable
Master Servicer), under the Pooling and Servicing Agreement on behalf of the
Trustee in trust for the benefit of the Certificateholders. Each such Servicer
File shall contain all documents and records in Additional Party's (or, if
previously delivered by Additional Party to Seller, in Seller's) possession
relating to such applicable Mortgage Loans (including reserve and escrow
agreements, cash management agreements, lockbox agreements, financial
statements, operating statements and any other information provided by the
respective Borrower from time to time, but excluding any documents and other
writings not enumerated in this parenthetical that have been prepared by
Additional Party or any of its Affiliates solely for internal credit analysis
or other internal uses or any attorney-client privileged communication) that
are not required to be a part of a Mortgage File in accordance with the
definition thereof, together with copies of all instruments and documents
which are required to be a part of the related Mortgage File in accordance
with the definition thereof.

           For purposes of this Section 3, and notwithstanding any contrary
provision hereof or of the definition of "Mortgage File", if there exists with
respect to any group of Crossed Mortgage Loans only one original or certified
copy of any document or instrument described in the definition of "Mortgage
File" which pertains to all of the Crossed Mortgage Loans in such group of
Crossed Mortgage Loans, the inclusion of the original or certified copy of
such document or instrument in the Mortgage File for any of such Crossed
Mortgage Loans and the inclusion of a copy of such original or certified copy
in each of the Mortgage Files for the other Crossed Mortgage Loans in such
group of Crossed Mortgage Loans, shall be deemed the inclusion of such
original or certified copy, as the case may be, in the Mortgage File for each
such Crossed Mortgage Loan.

           Additional Party shall, promptly after the Closing Date, but in all
events within three (3) Business Days after the Closing Date, cause all funds
on deposit in escrow accounts maintained with respect to the Mortgage Loans in
the name of Additional Party, Seller or any other name, to be transferred to
or at the direction of the applicable Master Servicer (or, if applicable, to a
Sub-Servicer at the direction of the applicable Master Servicer).

           The Trustee, as assignee or transferee of Depositor, shall be
entitled to all scheduled principal payments due after the Cut-off Date, all
other payments of principal due and collected after the Cut-off Date, and all
payments of interest on the Mortgage Loans, minus that portion of any such
payment which is allocable to the period on or prior to the Cut-off Date. All
scheduled payments of principal due on or before the Cut-off Date and
collected after the Cut-off Date, together with the accompanying interest
payments, shall belong to Seller.

           Upon the sale of the Mortgage Loans from Seller to Depositor
pursuant hereto, the ownership of each Note, the related Mortgage and the
contents of the related Mortgage File shall be vested in Depositor and the
ownership of all records and documents with respect to the related Mortgage
Loan prepared by or which come into the possession of Additional Party or
Seller as seller of the Mortgage Loans hereunder, exclusive in each case of
documents prepared by Additional Party or any of its Affiliates solely for
internal credit analysis or other internal uses or any attorney-client
privileged communication, shall immediately vest in Depositor. All Monthly
Payments, Principal Prepayments and other amounts received by Seller and not
otherwise belonging to Seller pursuant to this Agreement shall

                                      7
<PAGE>

be sent by Seller within three (3) Business Days after Seller's receipt
thereof to the applicable Master Servicer via wire transfer for deposit by the
applicable Master Servicer into the Collection Account.

           Upon the sale of Certificates representing at least 10% of the fair
value of all the Certificates to unaffiliated third parties, Seller shall,
under generally accepted accounting principles ("GAAP"), report its transfer
of the Mortgage Loans to Depositor, as provided herein, as a sale of the
Mortgage Loans to Depositor in exchange for the consideration specified in
Section 2 hereof. In connection with the foregoing, upon sale of Certificates
representing at least 10% of the fair value of all the Certificates to
unaffiliated third parties, Seller shall cause all of its financial and
accounting records to reflect such transfer as a sale (as opposed to a secured
loan). Seller shall at all times following the Closing Date cause all of its
records and financial statements and any relevant consolidated financial
statements of any direct or indirect parent to clearly reflect that the
Mortgage Loans have been transferred to Depositor and are no longer available
to satisfy claims of Seller's creditors.

           After Seller's transfer of the Mortgage Loans to Depositor, as
provided herein, neither Additional Party nor Seller shall take any action
inconsistent with Depositor's ownership (or the ownership by any of
Depositor's assignees) of the Mortgage Loans. Except for actions that are the
express responsibility of another party hereunder or under the Pooling and
Servicing Agreement, and further except for actions that either Additional
Party or Seller is expressly permitted to complete subsequent to the Closing
Date, each of Additional Party and Seller shall, on or before the Closing
Date, take all actions required under applicable law to effectuate the
transfer of the Mortgage Loans by Seller to Depositor.

           Section 4. Depositor's Conditions to Closing. The obligations of
Depositor to purchase the Mortgage Loans and pay the Mortgage Loan Purchase
Price at the Closing Date under the terms of this Agreement are subject to the
satisfaction of each of the following conditions at or before the Closing:

           (a) The obligations of each of Seller and Additional Party required
to be performed by it on or prior to the Closing Date pursuant to the terms of
this Agreement shall have been duly performed and complied with in all
material respects; all of the representations and warranties of each of Seller
and Additional Party under this Agreement (subject to the exceptions set forth
in the Exception Report) shall be true and correct in all material respects as
of the Closing Date; no event shall have occurred with respect to either of
Seller and Additional Party or any of the Mortgage Loans and related Mortgage
Files which, with notice or the passage of time, would constitute a material
default under this Agreement; and Depositor shall have received certificates
to the foregoing effect signed by authorized officers of Seller and Additional
Party, respectively.

           (b) Depositor, or if directed by Depositor, the Trustee or
Depositor's attorneys or other designee, shall have received in escrow, all of
the following closing documents, in such forms as are agreed upon and
reasonably acceptable to Depositor, Seller and Additional Party, duly executed
by all signatories other than Depositor, as required pursuant to the
respective terms thereof:

               (i) the Mortgage Files, subject to the provisos of Section 1 of
     this Agreement, which shall have been delivered to and held by the
     Trustee or its designee on behalf of Seller; ---------

               (ii) the Mortgage Loan Schedule;

                                      8
<PAGE>

               (iii) the certificate of Additional Party confirming its
     representations and warranties set forth in Section 6(a) (subject to the
     exceptions set forth in the Exception Report) ------------ as of the
     Closing Date;

               (iv) the certificate of Seller confirming its representations
     and warranties set forth in Section 9; ---------

               (v) an opinion or opinions of each of Additional Party's
     counsel and Seller's counsel, respectively, dated the Closing Date,
     covering various corporate matters and such other matters as shall be
     reasonably required by Depositor;

               (vi) such other certificates of each of Additional Party's and
     Seller's officers or others and such other documents to evidence
     fulfillment of the conditions set forth in this Agreement as Depositor or
     its counsel may reasonably request; and

               (vii) all other information, documents, certificates, or
     letters with respect to the Mortgage Loans or Additional Party, Seller
     and their respective Affiliates as are reasonably requested by Depositor
     in order for Depositor to perform any of it obligations or satisfy any of
     the conditions on its part to be performed or satisfied pursuant to any
     sale of Mortgage Loans by Depositor as contemplated herein.

           (c) Each of Additional Party and Seller shall have performed or
complied with all other terms and conditions of this Agreement which it is
required to perform or comply with at or before the Closing and shall have the
ability to perform or comply with all duties, obligations, provisions and
terms which it is required to perform or comply with after the Closing.

           (d) Seller (or, if appropriate, Additional Party) shall have
delivered to the Trustee, on or before the Closing Date, five limited powers
of attorney in favor of the Trustee and Special Servicer empowering the
Trustee and, in the event of the failure or incapacity of the Trustee, the
Special Servicer, to record, at the expense of Additional Party, any Mortgage
Loan Documents required to be recorded and any intervening assignments with
evidence of recording thereon that are required to be included in the Mortgage
Files. Seller and Additional Party shall each reasonably cooperate with the
Trustee and the Special Servicer in connection with any additional powers or
revisions thereto that are requested by such parties.

           Section 5. Seller's Conditions to Closing. The obligations of
Seller under this Agreement shall be subject to the satisfaction, on the
Closing Date, of the following conditions:

           (a) Each of the obligations of Depositor required to be performed
by it on or prior to the Closing Date pursuant to the terms of this Agreement
shall have been duly performed and complied with in all material respects; and
all of the representations and warranties of Depositor under this Agreement
shall be true and correct in all material respects as of the Closing Date; and
no event shall have occurred with respect to Depositor which, with notice or
the passage of time, would constitute a material default under this Agreement,
and Seller shall have received certificates to that effect signed by
authorized officers of Depositor.

                                      9
<PAGE>

           (b) Seller shall have received all of the following closing
documents, in such forms as are agreed upon and reasonably acceptable to
Seller and Depositor, duly executed by all signatories other than Seller, as
required pursuant to the respective terms thereof:

               (i) an officer's certificate of Depositor, dated as of the
     Closing Date, with the resolutions of Depositor authorizing the
     transactions set forth therein, together with copies of the charter,
     by-laws and certificate of good standing dated as of a recent date of
     Depositor; and

               (ii) such other certificates of its officers or others, such
     opinions of Depositor's counsel and such other documents required to
     evidence fulfillment of the conditions set forth in this Agreement as
     Seller or its counsel may reasonably request.

           (c) Depositor shall have performed or complied with all other terms
and conditions of this Agreement which it is required to perform or comply
with at or before the Closing and shall have the ability to perform or comply
with all duties, obligations, provisions and terms which it is required to
perform or comply with after Closing.

           Section 6. Representations and Warranties of Additional Party.

           (a) Additional Party represents and warrants to Depositor and
Seller as of the date hereof, as follows:

               (i) Additional Party is a national banking association duly
     organized, validly existing and in good standing under the laws of the
     United States.

               (ii) The execution and delivery by Additional Party of, and the
     performance by Additional Party under, this Agreement, and the
     consummation by Additional Party of the transactions herein contemplated,
     will not: (a) violate Additional Party's organizational documents; or (b)
     constitute a default (or an event which, with notice or lapse of time, or
     both, would constitute a default) under, or result in the breach of, any
     indenture, agreement or other instrument to which Additional Party is a
     party or by which it is bound or which is applicable to it or any of its
     assets, which default or breach, in Additional Party's good faith and
     reasonable judgment, is likely to affect materially and adversely either
     the ability of Additional Party to perform its obligations under this
     Agreement or the financial condition of Additional Party.

               (iii) Additional Party has full power and authority to enter
     into and perform under this Agreement, has duly authorized the execution,
     delivery and performance of this Agreement, and has duly executed and
     delivered this Agreement.

               (iv) Assuming due authorization, execution and delivery hereof
     by the other parties hereto, this Agreement constitutes a valid, legal
     and binding obligation of Additional Party, enforceable against
     Additional Party in accordance with the terms hereof, subject to (A)
     applicable bankruptcy, fraudulent transfer, insolvency, reorganization,
     moratorium and other laws affecting the enforcement of creditors' rights
     generally, and (B) general principles of equity, regardless of whether
     such enforcement is considered in a proceeding in equity or at law and by
     considerations of public policy.

                                      10
<PAGE>

               (v) Additional Party is not in violation of, and its execution
     and delivery of this Agreement and its performance under and compliance
     with the terms hereof 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 Additional Party's good faith and
     reasonable judgment, is likely to affect materially and adversely either
     the ability of Additional Party to perform its obligations under this
     Agreement or the financial condition of Additional Party.

               (vi) There are no actions, suits or proceedings pending or, to
     the best of Additional Party's knowledge, threatened against Additional
     Party which, if determined adversely to Additional Party, would prohibit
     Additional Party from entering into this Agreement or, in Additional
     Party's good faith and reasonable judgment, would be likely to affect
     materially and adversely either the ability of Additional Party to
     perform its obligations hereunder or the financial condition of
     Additional Party.

               (vii) No consent, approval, authorization or order of, or
     filing or registration with, any state or federal court or governmental
     agency or body is required for the consummation by Additional Party of
     the transactions contemplated herein, except for those consents,
     approvals, authorizations and orders that previously have been obtained
     and those filings and registrations that previously have been completed,
     and except for those filings and recordings of Mortgage Loan Documents
     and assignments thereof that are contemplated by the Pooling and
     Servicing Agreement to be completed after the Closing Date.

               (viii) The representations and warranties contained in Exhibit
     A hereto, subject to the exceptions to such representations and
     warranties set forth on Schedule V hereto, are true and correct in all
     material respects as of the date hereof with respect to the Mortgage
     Loans identified on Schedule II.

           (b) Additional Party hereby agrees that it shall be deemed to make,
as of the date of substitution, to and for the benefit of the Trustee as the
holder of the Mortgage Loan to be replaced, with respect to any replacement
mortgage loan (a "Replacement Mortgage Loan") that is substituted for a
Mortgage Loan affected by a Material Defect or a Material Breach, pursuant to
Section 7 of this Agreement, each of the representations and warranties set
forth in Exhibit A hereto (references therein to "Closing Date" being deemed
to be references to the "date of substitution" and references therein to
"Cut-off Date" being deemed to be references to the "most recent due date for
the subject Replacement Mortgage Loan on or before the date of substitution").
From and after the date of substitution, each Replacement Mortgage Loan, if
any, shall be deemed to constitute a "Mortgage Loan" hereunder for all
purposes.

                                      11
<PAGE>

           Section 7. Obligations of Additional Party. Each of the
representations and warranties contained in or required to be made by
Additional Party pursuant to Section 6 of this Agreement shall survive the
sale of the Mortgage Loans and shall continue in full force and effect,
notwithstanding any restrictive or qualified endorsement on the Notes and
notwithstanding subsequent termination of this Agreement or the Pooling and
Servicing Agreement. The representations and warranties contained in or
required to be made by Additional Party pursuant to Section 6 of this
Agreement shall not be impaired by any review or examination of the Mortgage
Files or other documents evidencing or relating to the Mortgage Loans or any
failure on the part of Depositor to review or examine such documents and shall
inure to the benefit of the initial transferee of the Mortgage Loans from
Depositor including, without limitation, the Trustee for the benefit of the
Holders of the Certificates, notwithstanding (1) any restrictive or qualified
endorsement on any Note, assignment of Mortgage or reassignment of Assignment
of Leases or (2) any termination of this Agreement prior to the Closing, but
shall not inure to the benefit of any subsequent transferee thereafter.

           If Additional Party receives notice of a breach of any of the
representations or warranties made by Additional Party with respect to the
Mortgage Loans (subject to the exceptions to such representations and
warranties set forth in the Exception Report), as of the date hereof in
Section 6(a)(viii) or as of the Closing Date pursuant to Section 4(b)(iii) or,
in the case of any Replacement Mortgage Loan, as of the date of substitution
pursuant to Section 6(b) (in any such case, a "Breach"), or receives notice
that (a) any document required to be included in the Mortgage File related to
any Mortgage Loan is not in the Trustee's (or its designee's) possession
within the time period required herein or (b) such document has not been
properly executed or is otherwise defective on its face (clause (a) and clause
(b) each, a "Defect" (which term shall include the "Defects" detailed in the
immediately following paragraph) in the related Mortgage File), and if such
Breach or Defect, as the case may be, materially and adversely affects, or is
deemed hereby to materially and adversely affect, the value of any Mortgage
Loan or any successor REO Loan with respect thereto or the interests of the
Holders of any Class of Certificates (in which case such Breach or Defect
shall be a "Material Breach" or a "Material Defect", as applicable), then
Additional Party shall, upon written request of Depositor, the Trustee, the
applicable Master Servicer or the applicable Special Servicer, not later than
90 days after the receipt by Additional Party of such written request (subject
to the second succeeding paragraph, the "Initial Resolution Period"): (i) cure
such Breach or Defect in all material respects; (ii) repurchase the affected
Mortgage Loan at the applicable Purchase Price (as defined in the Pooling and
Servicing Agreement); or (iii) substitute, in accordance with the Pooling and
Servicing Agreement, one or more Qualified Substitute Mortgage Loans (as
defined in the Pooling and Servicing Agreement) for such affected Mortgage
Loan (provided that in no event shall any substitution occur later than the
second anniversary of the Closing Date) and pay the applicable Master Servicer
for deposit into the applicable Collection Account any Substitution Shortfall
Amount (as defined in the Pooling and Servicing Agreement) in connection
therewith; provided, however, that if (i) such Material Breach or Material
Defect is capable of being cured but not within the Initial Resolution Period,
(ii) such Material Breach or Material Defect does not cause the related
Mortgage Loan not to be a "qualified mortgage" (within the meaning of Section
860G(a)(3) of the Code), (iii) Additional Party has commenced and is
diligently proceeding with the cure of such Material Breach or Material Defect
within the Initial Resolution Period and (iv) Additional Party has delivered
to the Rating Agencies, the applicable Master Servicer, the applicable Special
Servicer and the Trustee an Officer's Certificate that describes the reasons
that the cure was not effected within the Initial Resolution Period and the
actions that it proposes to take to effect the cure and that states that it
anticipates the cure will be effected within additional 90-day period, then
Additional

                                      12
<PAGE>

Party shall have an additional 90 days to cure such Material Defect or
Material Breach. If any Breach pertains to a representation or warranty that
the related Mortgage Loan Documents or any particular Mortgage Loan Document
requires the related Borrower to bear the costs and expenses associated with
any particular action or matter under such Mortgage Loan Document(s), then
Additional Party shall cure such Breach within the Initial Resolution Period
by reimbursing the Trust Fund (by wire transfer of immediately available
funds) the reasonable amount of any such costs and expenses incurred by
applicable Master Servicer, the applicable Special Servicer, the Trustee or
the Trust Fund that are the basis of such Breach and have not been reimbursed
by the related Borrower; provided, however, that in the event any such costs
and expenses exceed $10,000, Additional Party shall have the option to either
repurchase the related Mortgage Loan at the applicable Purchase Price or pay
such costs and expenses. Except as provided in the proviso to the immediately
preceding sentence, Additional Party shall remit the amount of such costs and
expenses and upon its making such remittance, Additional Party shall be deemed
to have cured such Breach in all respects. With respect to any repurchase of a
Mortgage Loan hereunder or any substitution of one or more Qualified
Substitute Mortgage Loans for a Mortgage Loan hereunder, (A) no such
substitution may be made in any calendar month after the Determination Date
for such month; (B) scheduled payments of principal and interest due with
respect to the Qualified Substitute Mortgage Loan(s) after the month of
substitution, and scheduled payments of principal and interest due with
respect to each Mortgage Loan being repurchased or replaced after the related
Cut-off Date and received by the applicable Master Servicer or the applicable
Special Servicer on behalf of the Trust on or prior to the related date of
repurchase or substitution, shall be part of the Trust Fund; and (C) scheduled
payments of principal and interest due with respect to such Qualified
Substitute Mortgage Loan(s) during or prior to the month of substitution, and
scheduled payments of principal and interest due with respect to each Mortgage
Loan being repurchased or replaced and received by the applicable Master
Servicer or the applicable Special Servicer on behalf of the Trust after the
related date of repurchase or substitution, shall not be part of the Trust
Fund, and Additional Party (or, if applicable, any person effecting the
related repurchase or substitution in the place of Additional Party) shall be
entitled to receive such payments promptly following receipt by the applicable
Master Servicer or the applicable Special Servicer, as applicable, under the
Pooling and Servicing Agreement.

           Any of the following will cause a document in the Mortgage File to
be deemed to have a "Material Defect": (a) the absence from the Mortgage File
of the original signed Note, unless the Mortgage File contains a signed lost
note affidavit and indemnity; (b) the absence from the Mortgage File of the
original signed Mortgage, unless there is included in the Mortgage File a
certified copy of the Mortgage as recorded or as sent for recordation,
together with a certificate stating that the original signed Mortgage was sent
for recordation, or a copy of the Mortgage and the related recording
information; (c) the absence from the Mortgage File of the item called for by
clause (ix) of the last sentence of the first paragraph of Section 3 hereof;
(d) the absence from the Mortgage File of any intervening assignments required
to create an effective assignment to the Trustee on behalf of the Trust,
unless there is included in the Mortgage File a certified copy of the
intervening assignment as recorded or as sent for recordation, together with a
certificate stating that the original intervening assignment was sent for
recordation, or a copy of the intervening assignment and the related recording
information; or (e) the absence from the Mortgage File of any required
original letter of credit, provided that such Defect may be cured by any
substitute letter of credit or cash reserve on behalf of the related Borrower;
or (f) the absence from the Mortgage File of the original or a copy of any
required ground lease; provided that clauses (b) through (f) of this sentence
shall not apply to the Mayfair Mall Mortgage Loan or the Stanford Shopping
Center Mortgage Loan. In addition, Additional Party shall cure any Defect
described

                                      13
<PAGE>

in clause (b), (c), (e) or (f) of the immediately preceding sentence as
required in Section 2.02(b) of the Pooling and Servicing Agreement.
Notwithstanding anything herein to the contrary, the failure to include a
document checklist in a Mortgage File shall in no event constitute a Material
Defect.

           Any Defect or Breach which causes any Mortgage Loan not to be a
"qualified mortgage" (within the meaning of Section 860G(a)(3) of the Code)
shall be deemed a "Material Defect" or "Material Breach", as applicable, and
the Initial Resolution Period for the affected Mortgage Loan shall be 90 days
following the earlier of Additional Party's receipt of notice pursuant to this
Section 7 or its discovery of such Defect or Breach (which period shall not be
subject to extension).

           If Additional Party does not, as required by this Section 7,
correct or cure a Material Breach or a Material Defect in all material
respects within the applicable Initial Resolution Period (as extended pursuant
to this Section 7), or if such Material Breach or Material Defect is not
capable of being so corrected or cured within such period, then Additional
Party shall repurchase or substitute for the affected Mortgage Loan as
provided in this Section 7. If (i) any Mortgage Loan is required to be
repurchased or substituted for as provided above, (ii) such Mortgage Loan is a
Crossed Mortgage Loan that is a part of a Mortgage Group (as defined below)
and (iii) the applicable Breach or Defect does not constitute a Breach or
Defect, as the case may be, as to any other Crossed Mortgage Loan in such
Mortgage Group (without regard to this paragraph), then the applicable Breach
or Defect, as the case may be, will be deemed to constitute a Breach or
Defect, as the case may be, as to any other Crossed Mortgage Loan in the
Mortgage Group for purposes of the above provisions, and Additional Party will
be required to repurchase or substitute for such other Crossed Mortgage
Loan(s) in the related Mortgage Group in accordance with the provisions of
this Section 7 unless such other Crossed Mortgage Loans satisfy the Crossed
Mortgage Loan Repurchase Criteria (as defined in the Pooling and Servicing
Agreement) and Additional Party can satisfy all other criteria for
substitution or repurchase of the affected Mortgage Loan(s) set forth in the
Pooling and Servicing Agreement. In the event that one or more of such other
Crossed Mortgage Loans satisfy the Crossed Mortgage Loan Repurchase Criteria,
Additional Party may elect either to repurchase or substitute for only the
affected Crossed Mortgage Loan as to which the related Breach or Defect exists
or to repurchase or substitute for all of the Crossed Mortgage Loans in the
related Mortgage Group. Additional Party shall be responsible for the cost of
any Appraisal required to be obtained by the applicable Master Servicer to
determine if the Crossed Mortgage Loan Repurchase Criteria have been
satisfied, so long as the scope and cost of such Appraisal has been approved
by Additional Party (such approval not to be unreasonably withheld). For
purposes of this paragraph, a "Mortgage Group" is any group of Mortgage Loans
identified as a Mortgage Group on Schedule III to this Agreement.

           Notwithstanding the foregoing, if there is a Material Breach or
Material Defect with respect to one or more Mortgaged Properties (but not all
of the Mortgaged Properties) with respect to a Mortgage Loan, Additional Party
will not be obligated to repurchase or substitute for the Mortgage Loan if the
affected Mortgaged Property may be released pursuant to the terms of any
partial release provisions in the related Mortgage Loan Documents and the
remaining Mortgaged Property(ies) satisfy the requirements, if any, set forth
in the Mortgage Loan Documents and (i) Additional Party provides an opinion of
counsel to the effect that such partial release would not cause an Adverse
REMIC Event (as defined in the Pooling and Servicing Agreement) to occur, (ii)
Additional Party pays (or causes to be paid) the applicable release price
required under the Mortgage Loan Documents and, to the extent not reimbursable
out of the release price pursuant to the related Mortgage Loan Documents, any
additional

                                      14
<PAGE>

amounts necessary to cover all reasonable out-of-pocket expenses reasonably
incurred by the applicable Master Servicer, the applicable Special Servicer,
the Trustee or the Trust Fund in connection therewith, including any
unreimbursed advances and interest thereon made with respect to the Mortgaged
Property that is being released and (iii) such cure by release of such
Mortgaged Property is effected within the time periods specified for cure of a
Material Breach or Material Defect in this Section 7.

           The Purchase Price or Substitution Shortfall Amount for any
repurchased or substituted Mortgage Loan shall be payable to Depositor or,
subsequent to the assignment of the Mortgage Loans to the Trustee, the Trustee
as its assignee, by wire transfer of immediately available funds to the
account designated by Depositor or the Trustee, as the case may be, and
Depositor or the Trustee, as the case may be, upon receipt of such funds (and,
in the case of a substitution, receipt of the Mortgage File(s) for the related
Qualified Substitute Mortgage Loans(s)), shall promptly release the related
Mortgage File and Servicer File or cause them to be released, to Additional
Party and shall execute and deliver such instruments of transfer or assignment
as shall be necessary to vest in Additional Party the legal and beneficial
ownership of such Mortgage Loan (including any property acquired in respect
thereof or proceeds of any insurance policy with respect thereto) and the
related Mortgage Loan Documents.

           It is understood and agreed that the obligations of Additional
Party set forth in this Section 7 constitute the sole remedies available to
Depositor and its successors and assigns against Additional Party respecting
any Breach or Defect affecting a Mortgage Loan.

           Section 8. Crossed Mortgage Loans. With respect to any Crossed
Mortgage Loan conveyed hereunder, to the extent that Additional Party
repurchases or substitutes for an affected Crossed Mortgage Loan in the manner
prescribed above while the Trustee continues to hold any related Crossed
Mortgage Loans, Additional Party and Depositor (on behalf of its successors
and assigns) agree to modify upon such repurchase or substitution, the related
Mortgage Loan Documents in a manner such that such affected Crossed Mortgage
Loan repurchased or substituted by Additional Party, on the one hand, and any
related Crossed Mortgage Loans still held by the Trustee, on the other, would
no longer be cross-defaulted or cross-collateralized with one another;
provided that Additional Party shall have furnished the Trustee, at Additional
Party's expense, with an Opinion of Counsel that such modification shall not
cause an Adverse REMIC Event; and provided, further, that if such Opinion of
Counsel cannot be furnished, Additional Party and Depositor hereby agree that
such repurchase or substitution of only the affected Crossed Mortgage Loans,
notwithstanding anything to the contrary herein, shall not be permitted. Any
reserve or other cash collateral or letters of credit securing the subject
Crossed Mortgage Loans shall be allocated between such Mortgage Loans in
accordance with the Mortgage Loan Documents. All other terms of the Mortgage
Loans shall remain in full force and effect, without any modification thereof.

           Section 9. Representations and Warranties of Seller. Seller
represents and warrants to Depositor and Additional Party as of the date
hereof, as follows:

           (a) The Seller is a corporation duly organized, validly existing
and in good standing under the laws of the State of Delaware. Seller has
conducted and is conducting its business so as to comply in all material
respects with all applicable statutes and regulations of regulatory bodies or
agencies having jurisdiction over it, except where the failure so to comply
would not have a materially adverse effect on the performance by Seller of
this Agreement, and there is no charge, action, suit or proceeding

                                      15
<PAGE>

before or by any court, regulatory authority or governmental agency or body
pending or, to the knowledge of Seller, threatened, which is reasonably likely
to materially and adversely affect the performance by Seller of this Agreement
or the consummation of transactions contemplated by this Agreement.

           (b) Seller has the full power, authority and legal right to hold,
transfer and convey its interest in the Mortgage Loans and to execute and
deliver this Agreement (and all agreements and documents executed and
delivered by Seller in connection herewith) and to perform all transactions of
Seller contemplated by this Agreement (and all agreements and documents
executed and delivered by Seller in connection herewith). Seller has duly
authorized the execution, delivery and performance of this Agreement (and all
agreements and documents executed and delivered by Seller in connection
herewith), and has duly executed and delivered this Agreement (and all
agreements and documents executed and delivered by Seller in connection
herewith). This Agreement (and each agreement and document executed and
delivered by Seller in connection herewith), assuming due authorization,
execution and delivery thereof by each other party thereto, constitutes the
legal, valid and binding obligation of Seller enforceable in accordance with
its terms, except as such enforcement may be limited by bankruptcy, fraudulent
transfer, insolvency, reorganization, receivership, moratorium or other laws
relating to or affecting the rights of creditors generally, by general
principles of equity (regardless of whether such enforcement is considered in
a proceeding in equity or at law) and by considerations of public policy.

           (c) Neither the execution, delivery and performance of this
Agreement, nor the fulfillment of or compliance with the terms and conditions
of this Agreement by Seller, will (A) conflict with or result in a breach of
any of the terms, conditions or provisions of Seller's articles or certificate
of incorporation and bylaws or similar type organizational documents, as
applicable; (B) conflict with, result in a breach of, or constitute a default
or result in an acceleration under, any agreement or instrument to which
Seller is now a party or by which it (or any of its properties) is bound if
compliance therewith is necessary (1) to ensure the enforceability of this
Agreement or (2) for Seller to perform its duties and obligations under this
Agreement (or any agreement or document executed and delivered by Seller in
connection herewith); (C) conflict with or result in a breach of any legal
restriction if compliance therewith is necessary (1) to ensure the
enforceability of this Agreement or (2) for Seller to perform its duties and
obligations under this Agreement (or any agreement or document executed and
delivered by Seller in connection herewith); (D) result in the violation of
any law, rule, regulation, order, judgment or decree to which Seller or its
property is subject if compliance therewith is necessary (1) to ensure the
enforceability of this Agreement or (2) for Seller to perform its duties and
obligations under this Agreement (or any agreement or document executed and
delivered by Seller in connection herewith); or (E) result in the creation or
imposition of any lien, charge or encumbrance that would have a material
adverse effect upon Seller's ability to perform its duties and obligations
under this Agreement (or any agreement or document executed and delivered by
Seller in connection herewith), or materially impair the ability of Depositor
to realize on the Mortgage Loans.

           (d) Seller is solvent and the sale of the Mortgage Loans (1) will
not cause Seller to become insolvent and (2) is not intended by Seller to
hinder, delay or defraud any of its present or future creditors. After giving
effect to its transfer of the Mortgage Loans, as provided herein, the value of
Seller's assets, either taken at their present fair saleable value or at fair
valuation, will exceed the amount of Seller's debts and obligations, including
contingent and unliquidated debts and obligations of Seller, and Seller will
not be left with unreasonably small assets or capital with which to engage in
and conduct

                                      16
<PAGE>

its business. Seller does not intend to, and does not believe that it will,
incur debts or obligations beyond its ability to pay such debts and
obligations as they mature. No proceedings looking toward liquidation,
dissolution or bankruptcy of Seller are pending or contemplated.

           (e) No consent, approval, authorization or order of, or
registration or filing with, or notice to, any court or governmental agency or
body having jurisdiction or regulatory authority over Seller is required for
(A) Seller's execution, delivery and performance of this Agreement (or any
agreement or document executed and delivered by Seller in connection
herewith), (B) Seller's transfer and assignment of the Mortgage Loans, or (C)
the consummation by Seller of the transactions contemplated by this Agreement
(or any agreement or document executed and delivered by Seller in connection
herewith) or, to the extent so required, such consent, approval,
authorization, order, registration, filing or notice has been obtained, made
or given (as applicable), except for the filing or recording of assignments
and other Mortgage Loan Documents contemplated by the terms of this Agreement
and except that Seller may not be duly qualified to transact business as a
foreign corporation or licensed in one or more states if such qualification or
licensing is not necessary to ensure the enforceability of this Agreement (or
any agreement or document executed and delivered by Seller in connection
herewith).

           (f) In connection with its sale of the Mortgage Loans, Seller is
receiving new value. The consideration received by Seller upon the sale of the
Mortgage Loans constitutes at least fair consideration and reasonably
equivalent value for the Mortgage Loans.

           (g) Seller does not believe, nor does it have any reason or cause
to believe, that it cannot perform each and every covenant of Seller contained
in this Agreement (or any agreement or document executed and delivered by
Seller in connection herewith).

           (h) There are no actions, suits or proceedings pending or, to
Seller's knowledge, threatened in writing against Seller which are reasonably
likely to draw into question the validity of this Agreement (or any agreement
or document executed and delivered by Seller in connection herewith) or which,
either in any one instance or in the aggregate, are reasonably likely to
materially impair the ability of Seller to perform its duties and obligations
under this Agreement (or any agreement or document executed and delivered by
Seller in connection herewith).

           (i) Seller's performance of its duties and obligations under this
Agreement (and each agreement or document executed and delivered by Seller in
connection herewith) is in the ordinary course of business of Seller and
Seller's transfer, assignment and conveyance of the Mortgage Loans pursuant to
this Agreement are not subject to the bulk transfer or similar statutory
provisions in effect in any applicable jurisdiction. The Mortgage Loans do not
constitute all or substantially all of Seller's assets.

           (j) Seller has not dealt with any Person that may be entitled, by
reason of any act or omission of Seller, to any commission or compensation in
connection with the sale of the Mortgage Loans to Depositor hereunder except
for (A) the reimbursement of expenses as described herein or otherwise in
connection with the transactions contemplated by the Pooling and Servicing
Agreement and the issuance of the Certificates and (B) the commissions or
compensation owed to the Underwriters or the Initial Purchaser.

                                      17
<PAGE>

           (k) Seller is not in default or breach of any agreement or
instrument to which Seller is now a party or by which it (or any of its
properties) is bound which breach or default would materially and adversely
affect the ability of Seller to perform its obligations under this Agreement.

           (l) Seller has such right, title and interest in and to each
Mortgage Loan as was transferred to it by Additional Party.

           (m) Seller has not transferred any of its right, title and interest
in and to the Mortgage Loans to any Person other than Depositor hereunder.

           (n) Seller is transferring all of its right, title and interest in
and to the Mortgage Loans to Depositor hereunder free and clear of any and all
liens, pledges, charges, security interests and other encumbrances created by
or through Seller.

           (o) Seller has not taken any action that would cause the
representations and warranties made by a Borrower in the related Mortgage Loan
Documents not to be true;

           (p) Seller has not taken any action which would, in the case of any
Mortgage Loan, cause the Mortgaged Property to not be in compliance with all
federal, state and local environmental laws pertaining to environmental
hazards;

           (q) No advance of funds has been made by Seller to the related
Borrower (other than mezzanine debt and the acquisition of preferred equity
interests by the preferred equity interest holder, as disclosed in the
Prospectus Supplement), and no funds have, to Seller's knowledge, been
received from any person other than, or on behalf of, the related Borrower,
for, or on account of, payments due on the Mortgage Loan;

           Section 10. Representations and Warranties of Depositor. Depositor
hereby represents and warrants to Seller and Additional Party as of the date
hereof, as follows:

           (a) Depositor is duly organized and is validly existing as a
corporation in good standing under the laws of the State of Delaware, with
full corporate power and authority to own its assets and conduct its business
as it is conducted, and is duly qualified as a foreign corporation in good
standing in all jurisdictions in which the ownership or lease of its property
or the conduct of its business requires such qualification (except where the
failure to qualify would not have a materially adverse effect on the
consummation of any transactions contemplated by this Agreement).

           (b) The execution and delivery by Depositor of this Agreement and
the performance of Depositor's obligations hereunder are within the corporate
power of Depositor and have been duly authorized by Depositor and neither the
execution and delivery by Depositor of this Agreement nor the compliance by
Depositor with the provisions hereof, nor the consummation by Depositor of the
transactions contemplated by this Agreement, will (i) conflict with or result
in a breach of, or constitute a default under, the certificate of
incorporation or by-laws of Depositor or, after giving effect to the consents
or taking of the actions contemplated by clause (ii) of this paragraph (b),
any of the provisions of any law, governmental rule, regulation, judgment,
decree or order binding on Depositor or its properties, or any of the
provisions of any material indenture or mortgage or any other material
contract or other instrument to which Depositor is a party or by which it is
bound or result in the creation or

                                      18
<PAGE>

imposition of any lien, charge or encumbrance upon any of its properties
pursuant to the terms of any such indenture, mortgage, contract or other
instrument or (ii) require any consent of, notice to, or filing with any
person, entity or governmental body, which has not been obtained or made by
Depositor, except where, in any of the instances contemplated by clause (i)
above or this clause (ii), the failure to do so will not have a material and
adverse effect on the consummation of any transactions contemplated by this
Agreement.

           (c) This Agreement has been duly executed and delivered by
Depositor and this Agreement constitutes a legal, valid and binding
instrument, enforceable against Depositor in accordance with its terms,
subject, as to the enforcement of remedies, to applicable bankruptcy,
reorganization, insolvency, moratorium and other laws affecting the rights of
creditors generally and to general principles of equity and the discretion of
the court (regardless of whether enforcement of such remedies is considered in
a proceeding in equity or at law) and, as to rights of indemnification
hereunder, subject to limitations of public policy under applicable securities
laws.

           (d) There is no litigation, charge, investigation, action, suit or
proceeding by or before any court, regulatory authority or governmental agency
or body pending or, to the knowledge of Depositor, threatened against
Depositor the outcome of which could be reasonably expected to materially and
adversely affect the consummation of any transactions contemplated by this
Agreement.

           Section 11. Survival of Certain Representations, Warranties and
Covenants. The respective representations and warranties set forth in or made
pursuant to this Agreement, and the respective obligations of the parties
hereto under Sections 7 and 13 of this Agreement, will remain in full force
and effect, regardless of any investigation or statement as to the result
thereof made by or on behalf of any party and will survive payment for the
various transfers referred to herein and delivery of the Certificates or
termination of this Agreement.

           Section 12. Transaction Expenses. In connection with the Closing
(and unless otherwise expressly provided herein, including, without
limitation, in Section 13 of this Agreement), Additional Party shall be
responsible for the fees and expenses of its own counsel and that of Seller's,
and Depositor and Additional Party agree to pay the other transaction expenses
incurred in connection with the transactions herein contemplated as set forth
in the Closing Statement (or, if not covered thereby, shall be paid by the
party incurring the subject expense).

           Section 13. Recording Costs and Expenses. Additional Party agrees
to reimburse the Trustee or its designee all recording and filing fees and
expenses incurred by the Trustee or its designee in connection with the
recording or filing of the Mortgage Loan Documents listed in Section 3 of this
Agreement, including Assignments. In the event Additional Party elects to
engage a third-party contractor to prepare, complete, file and record
Assignments with respect to Mortgage Loans as provided in Section 3 of this
Agreement, Additional Party shall contract directly with such contractor and
shall be responsible for such contractor's compensation and reimbursement of
recording and filing fees and other reimbursable expenses pursuant to their
agreement.

           Section 14. Notices. All demands, notices and communications
hereunder shall be in writing and effective only upon receipt, and, (a) if
sent to Depositor, will be mailed, delivered or telecopied and confirmed to it
at Credit Suisse First Boston Mortgage Securities Corp., 11 Madison

                                      19
<PAGE>

Avenue, 5th Floor, New York, New York 10010, Attention: Edmund Taylor,
Telecopy No.: (212) 743-4756 (with a copy to Tessa Peters, Telecopy No.: (212)
325-8282), or such other address or telecopy number as may be designated by
Depositor to Seller in writing, or (b) if sent to Seller, will be mailed,
delivered or telecopied and confirmed to it at Column Financial, Inc., 3414
Peachtree Road, N.E., Suite 1140, Atlanta, Georgia, 30326, Attention: Bob
Barnes, Telecopy No.: (404) 239-0419, or such other address or telecopy number
as may be designated by Seller to Depositor in writing; or, if to Additional
Party, addressed to Additional Party at 911 Main Street, Suite 1500, Kansas
City, Missouri 64105, Attention: Clay M. Sublett, Telecopy No.: (816) 221-8848
(with a copy to 127 Public Square, Cleveland, Ohio 44114, Attention: Robert C.
Bowes), or such other address as may be designated by Additional Party to the
other parties hereto in writing.

           Section 15. Examination of Mortgage Files. Upon reasonable notice,
Seller, prior to the Closing Date, will make the Mortgage Files available to
Depositor or its agent for examination during normal business hours at
Seller's offices or such other location as shall otherwise be agreed upon by
Depositor and Seller. The fact that Depositor or its agent has conducted or
has failed to conduct any partial or complete examination of the Mortgage
Files shall not affect the rights of Depositor or the Trustee (for the benefit
of the Certificateholders) to demand cure, repurchase, or other relief as
provided herein.

           Section 16. Successors. This Agreement shall inure to the benefit
of and shall be binding upon Seller, Additional Party and Depositor and their
respective successors, permitted assigns and legal representatives, and
nothing expressed in this Agreement is intended or shall be construed to give
any other Person any legal or equitable right, remedy or claim under or in
respect of this Agreement, or any provisions herein contained, this Agreement
and all conditions and provisions hereof being intended to be and being for
the sole and exclusive benefit of such Persons and for the benefit of no other
Person; it being understood that (a) the indemnities of Additional Party
contained in that certain Indemnification Agreement dated February 26, 2004,
among Additional Party, Depositor, the Initial Purchaser and the Underwriters,
with respect to, among other things, information relating to the Mortgage
Loans in the Prospectus Supplement and the Offering Circular, subject to all
limitations therein contained, shall also be for the benefit of the officers
and directors of Depositor, the Underwriters and the Initial Purchaser and any
person or persons who control Depositor, the Underwriters and the Initial
Purchaser within the meaning of Section 15 of the Securities Act or Section 20
of the Securities Exchange Act of 1934, as amended, and (b) the rights of
Depositor pursuant to this Agreement, subject to all limitations herein
contained, including those set forth in Section 7 of this Agreement, may be
assigned to the Trustee, for benefit of the Certificateholders, as may be
required to effect the purposes of the Pooling and Servicing Agreement and,
upon such assignment, the Trustee shall succeed to such rights of Depositor
hereunder; provided that the Trustee shall have no right to further assign
such rights to any other Person. No owner of a Certificate issued pursuant to
the Pooling and Servicing Agreement shall be deemed a successor or permitted
assign because of such ownership.

                                      20
<PAGE>

           Section 17. Governing Law. THIS AGREEMENT SHALL BE GOVERNED AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS TO BE MADE AND PERFORMED ENTIRELY WITHIN SUCH STATE WITHOUT GIVING
EFFECT TO CHOICE OF LAW PRINCIPLES. TO THE FULLEST EXTENT PERMITTED UNDER
APPLICABLE LAW, SELLER AND DEPOSITOR EACH HEREBY IRREVOCABLY (I) SUBMITS TO
THE JURISDICTION OF ANY NEW YORK STATE AND FEDERAL COURTS SITTING IN NEW YORK
CITY WITH RESPECT TO MATTERS ARISING OUT OF OR RELATING TO THIS AGREEMENT;
(II) AGREES THAT ALL CLAIMS WITH RESPECT TO SUCH ACTION OR PROCEEDING MAY BE
HEARD AND DETERMINED IN SUCH NEW YORK STATE OR FEDERAL COURTS; (III) WAIVES,
TO THE FULLEST POSSIBLE EXTENT, THE DEFENSE OF AN INCONVENIENT FORUM; AND (IV)
AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE
CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT
OR IN ANY OTHER MANNER PROVIDED BY LAW.

           Section 18. Severability. If any provision of this Agreement shall
be prohibited or invalid under applicable law, this Agreement shall be
ineffective only to such extent, without invalidating the remainder of this
Agreement.

           Section 19. Further Assurances. Depositor, Additional Party and
Seller agree to execute and deliver such instruments and take such actions as
the other party may, from time to time, reasonably request in order to
effectuate the purpose and to carry out the terms of this Agreement.

           Section 20. Counterparts. This Agreement may be executed in
counterparts (and by each of the parties hereto on different counterparts),
each of which when so executed and delivered will be an original, and all of
which together will be deemed to constitute but one and the same instrument.

           Section 21. Treatment as Security Agreement. It is the express
intent of the parties hereto that the conveyance of the Mortgage Loans by
Seller to Depositor as provided in this Agreement be, and be construed as, a
sale of the Mortgage Loans by Seller to Depositor. It is, further, not the
intention of the parties that such conveyance be deemed a pledge of the
Mortgage Loans by Seller to Depositor to secure a debt or other obligation of
Seller. However, in the event that, notwithstanding the intent of the parties,
the Mortgage Loans are held to be property of Seller or if for any reason this
Agreement is held or deemed to create a security interest in the Mortgage
Loans:

           (a) this Agreement shall hereby create a security agreement within
the meaning of Articles 8 and 9 of the Uniform Commercial Code in effect in
the applicable state;

           (b) the conveyance provided for in this Agreement shall hereby
grant from Seller to Depositor a security interest in and to all of Seller's
right, title, and interest, whether now owned or hereafter acquired, in and
to:

               (i) all accounts, contract rights (including any guarantees),
     general intangibles, chattel paper, instruments, documents, money,
     deposit accounts, certificates of deposit, goods, letters of credit,
     advices of credit and investment property consisting of, arising from or
     relating to any of the property described in the Mortgage Loans,
     including the related Notes, Mortgages and title, hazard and other
     insurance policies, identified on the Mortgage Loan Schedule or that

                                      21
<PAGE>

     constitute Replacement Mortgage Loans, and all distributions with respect
     thereto payable after the Cut-off Date;

               (ii) all accounts, contract rights, general intangibles,
     chattel paper, instruments, documents, money, deposit accounts,
     certificates of deposit, goods, letters of credit, advices of credit and
     investment property arising from or by virtue of the disposition of, or
     collections with respect to, or insurance proceeds payable with respect
     to, or claims against other persons with respect to, all or any part of
     the collateral described in clause (i) above (including any accrued
     discount realized on liquidation of any investment purchased at a
     discount), in each case, payable after the Cut-off Date; and

               (iii) all cash and non-cash proceeds of the collateral
     described in clauses (i) and (ii) above payable after the Cut-off Date;

           (c) the possession by Depositor or its assignee of the Notes and
such other goods, letters of credit, advices of credit, instruments, money,
documents, chattel paper or certificated securities shall be deemed to be
possession by the secured party or possession by a purchaser or a person
designated by him or her, for purposes of perfecting the security interest
pursuant to the Uniform Commercial Code (including, without limitation,
Sections 9-306, 9-313 and 9-314 thereof) as in force in the relevant
jurisdiction;

           (d) notifications to persons holding such property, and
acknowledgments, receipts, confirmations from persons holding such property,
shall be deemed to be notifications to, or acknowledgments, receipts or
confirmations from, financial intermediaries, bailees or agents of, or persons
holding for (as applicable), Depositor or its assignee for the purpose of
perfecting such security interest under applicable law; and

           (e) Seller at the direction of Depositor or its assignee, shall, to
the extent consistent with this Agreement, take such actions as may be
necessary to ensure that, if this Agreement were deemed to create a security
interest in the Mortgage Loans and the proceeds thereof, such security
interest would be a perfected security interest of first priority under
applicable law and will be maintained as such throughout the term of this
Agreement. In connection herewith, Depositor and its assignee shall have all
of the rights and remedies of a secured party and creditor under the Uniform
Commercial Code as in force in the relevant jurisdiction and may prepare and
file such UCC Financing Statements as may be necessary or appropriate to
accomplish the foregoing.

           Section 22. Recordation of Agreement. To the extent permitted by
applicable law, this Agreement is subject to recordation following the Closing
Date in all appropriate public offices for real property records in all the
counties or other comparable jurisdictions in which any or all of the
properties subject to the Mortgages are situated, and in any other appropriate
public recording office or elsewhere, such recordation to be effected by
Additional Party at Additional Party's expense at the direction of Depositor
accompanied by an Opinion of Counsel to the effect that such recordation
materially and beneficially affects the interests of Depositor.

                                     * * *

                                      22
<PAGE>

           IN WITNESS WHEREOF, the parties hereto have caused this Mortgage
Loan Purchase Agreement to be duly executed and delivered as the date first
above written.

                                   COLUMN FINANCIAL, INC.,
                                   as Seller

                                   By:/s/ Priscilla Horning
                                      ----------------------------------------
                                      Name: Priscilla Horning
                                      Title: Vice President

                                   CREDIT SUISSE FIRST BOSTON MORTGAGE
                                   SECURITIES CORP.,
                                   as Depositor

                                   By:/s/ Jeffrey A. Altabef
                                      ----------------------------------------
                                      Name: Jeffrey A. Altabef
                                      Title: Vice President

                                   KEYBANK NATIONAL ASSOCIATION
                                   as Additional Party

                                   By:/s/ Clay M. Sublett
                                      ----------------------------------------
                                      Name: Clay M. Sublett
                                      Title: Authorized Official

<PAGE>

                                                                    SCHEDULE I

                         SCHEDULE OF TRANSACTION TERMS

           This Schedule of Transaction Terms is appended to and incorporated
by reference in the Mortgage Loan Purchase Agreement (the "Agreement"), dated
as of February 26, 2004, among Column Financial, Inc., KeyBank National
Association and Credit Suisse First Boston Mortgage Securities Corp.
Capitalized terms used herein without definition have the meanings given them
in or by reference in the Agreement or, if not defined in the Agreement, in
the Pooling and Servicing Agreement.

           "Additional Party" shall have the meaning given such term in the
first sentence of this Agreement.

           "Affiliate" means with respect to any specified Person, any other
Person controlling or controlled by or under common control with such
specified Person.

           "Assignments" shall have the meaning given such term in Section 3
of this Agreement.

           "Borrower" means the borrower under a Mortgage Loan.

           "Breach" shall have the meaning given such term in Section 7 of
this Agreement.

           "CBA Mortgage Loan" means any Mortgage Loan that constitutes a "CBA
A Loan" under the Pooling and Servicing Agreement.

           "Certificate Purchase Agreement" means the Certificate Purchase
Agreement, dated February 26, 2004, between Depositor and the Initial
Purchaser.

           "Certificates" means the Credit Suisse First Boston Mortgage
Securities Corp., Commercial Mortgage Pass-Through Certificates, Series
2004-C1.

           "Closing" shall have the meaning given that term in Section 2 of
this Agreement.

           "Closing Date" means March 12, 2004.

           "Closing Statement" means the closing statement dated as of the
Closing Date and signed by, among others, the parties to this Agreement.

           "Code" means the Internal Revenue Code of 1986, as amended.

           "Crossed Mortgage Loan" means any Mortgage Loan which is
cross-defaulted and cross-collateralized with any other Mortgage Loan.

           "Cut-off Date" means, individually and collectively, the applicable
Due Dates for the respective Mortgage Loans occurring in March 2004.

                                   SCH.I-1
<PAGE>

           "Defect" shall have the meaning given such term in Section 7 of
this Agreement.

           "Depositor" shall have the meaning given such term in the first
sentence of this Agreement.

           "Environmental Report" means the environmental audit report with
respect to each Mortgaged Property delivered to Additional Party in connection
with the related Mortgage, if any.

           "Exception Report" means the exceptions with respect to the
representations and warranties made by Additional Party as to the Mortgage
Loans in Section 6(a)(viii) and under the written certificate described in
Section 4(b)(iii) of this Agreement, which exceptions are set forth in
Schedule V attached hereto and made a part hereof.

           "Initial Purchaser" means Credit Suisse First Boston LLC.

           "Initial Resolution Period" shall have the meaning given such term
in Section 7 of this Agreement.

           "Loan Agreement" means, with respect to any Mortgage Loan, the loan
agreement, if any, between the related Mortgage Loan Originator and the
related Borrower, pursuant to which such Mortgage Loan was made.

           "Material Breach" shall have the meaning given such term in Section
7 of this Agreement.

           "Material Defect" shall have the meaning given such term in Section
7 of this Agreement.

           "Mortgage File" means, collectively, the documents and instruments
pertaining to a Mortgage Loan required to be included in the related Mortgage
File pursuant to Section 3 of this Agreement (subject to the first proviso in
Section 1 of this Agreement).

           "Mortgage Group" shall have the meaning given such term in Section
7 of this Agreement.

           "Mortgage Loan" and "Mortgage Loans" shall have the respective
meanings given such terms in Recital II of this Agreement.

           "Mortgage Loan Documents" means, collectively, the documents and
instruments pertaining to a Mortgage Loan to be included in either the related
Mortgage File or the related Servicer File.

           "Mortgage Loan Originator" means any institution which originated a
Mortgage Loan for a related Borrower.

           "Mortgage Loan Purchase Price" means the amount described in
Section 2 of this Agreement.

           "Mortgage Loan Schedule" shall have the meaning given such term in
Recital II of this Agreement.

                                   SCH.I-2
<PAGE>

           "Offering Circular" means the confidential offering circular dated
February 26, 2004, describing certain classes of the Private Certificates.

           "Pooling and Servicing Agreement" means the Pooling and Servicing
Agreement creating the Trust Fund and the interests therein, dated as of March
11, 2004, among Depositor, the Master Servicers, the Special Servicers and the
Trustee, including, without limitation, the exhibits and schedules annexed
thereto.

           "Primary Collateral" means with respect to any Crossed Mortgage
Loan, that portion of the Mortgaged Property designated as directly securing
such Crossed Mortgage Loan and excluding any Mortgaged Property as to which
the related lien may only be foreclosed upon by exercise of the
cross-collateralization provisions of such Crossed Mortgage Loan.

           "Private Certificates" means the Certificates that are not Publicly
Offered Certificates.

           "Prospectus" means the Prospectus dated November 10, 2003, that is
a part of Depositor's registration statement on Form S-3 (File No. 333-97955).

           "Prospectus Supplement" means the Prospectus Supplement, dated
February 26, 2004, relating to the Publicly Offered Certificates.

           "Publicly Offered Certificates" means the Class A-1, Class A-2,
Class A-3, Class A-4, Class B and Class C Certificates.

           "Seller" shall have the meaning given such term in the first
sentence of this Agreement.

           "Servicer File" means, collectively, all documents, records and
copies pertaining to a Mortgage Loan which are required to be included in the
related Servicer File pursuant to Section 2.

           "Trust Fund" shall have the meaning given such term in Recital II
of this Agreement.

           "Trustee" shall have the meaning given such term in Section 1 of
this Agreement.

           "Underwriters" means Credit Suisse First Boston LLC, McDonald
Investments Inc., PNC Capital Markets, Inc., Lehman Brothers Inc. and WaMu
Capital Corp.

           "Underwriting Agreement" means the Underwriting Agreement, dated
February 26, 2004, between Depositor and the Underwriters.

                                   SCH.I-3
<PAGE>

<TABLE>
<CAPTION>

                                                                                                                         SCHEDULE II

                                                       MORTGAGE LOAN SCHEDULE

                    Servicing
  #     Crossed      Group        Property Name                                   Address                           City
------------------------------------------------------------------------------------------------------------------------------------
  <S>                   <C>       <C>                                        <C>                                 <C>
  14                    2         Easton Square Shopping Center              3840-3890 Morse Road                Columbus
------------------------------------------------------------------------------------------------------------------------------------
  23                    2         Hawthorne Valley Shopping Center           23100-23840 Broadway                Oakwood Village
------------------------------------------------------------------------------------------------------------------------------------
  24                    2         The Atrium Business Tower                  333 North Rancho Drive              Las Vegas
------------------------------------------------------------------------------------------------------------------------------------
  43                    2         Marketplace at Cascades - Park Place       21050 Southbank Street              Sterling
------------------------------------------------------------------------------------------------------------------------------------
  58                    2         Raymour and Flanigan Furniture Store       6115 Black Horse Pike               Egg Harbor Township
------------------------------------------------------------------------------------------------------------------------------------
  87                    2         Border City Mills                          2 Weaver Street                     Fall River
------------------------------------------------------------------------------------------------------------------------------------
  89                    2         Cruz Alta Plaza                            710-1100 Paseo del Pueblo Sur       Taos
------------------------------------------------------------------------------------------------------------------------------------
 102                    2         Storage USA - Rocklin                      5951 West Oaks Boulevard            Rocklin
------------------------------------------------------------------------------------------------------------------------------------
 111                    2         Valleywide Self Storage                    851 West Esplanade Avenue           San Jacinto
------------------------------------------------------------------------------------------------------------------------------------
 126                    2         Richton Trail Apartments                   4522 Heartland Drive                Richton Park
------------------------------------------------------------------------------------------------------------------------------------
 127                    2         Tiny Town Village                          2354 Loupin Drive                   Clarksville
------------------------------------------------------------------------------------------------------------------------------------
 131                    2         Durant Shopping Center                     519 University Place                Durant
------------------------------------------------------------------------------------------------------------------------------------
 138                    2         Archway Village                            212 - 232 West 42nd Street          Kearney
------------------------------------------------------------------------------------------------------------------------------------
 143                    2         Fort Security Self Storage                 2208 Contractor's Way               Fort Wayne
------------------------------------------------------------------------------------------------------------------------------------
 146                    2         The Gilman Terrace II Apartments           2572 Gilman Drive West              Seattle
------------------------------------------------------------------------------------------------------------------------------------
 149                    2         Geist Self Storage                         11575 Fox Road                      Indianapolis
------------------------------------------------------------------------------------------------------------------------------------
 186                    2         Alexandria Shopping Center                 2071 North Mall Drive               Alexandria
------------------------------------------------------------------------------------------------------------------------------------

(Table continued)

<CAPTION>
                                                                                        Units/
                                                                                       Sq. Ft./
                                                                  Zip                   Rooms/
  #                County                     State              Code                    Pads
-------------------------------------------------------------------------------------------------------
  <S>           <C>                             <C>              <C>                    <C>
  14            Franklin                        OH               43219                  235,474
-------------------------------------------------------------------------------------------------------
  23            Cuyahoga                        OH               44146                  317,380
-------------------------------------------------------------------------------------------------------
  24            Clark                           NV               89106                  138,543
-------------------------------------------------------------------------------------------------------
  43            Loudoun                         VA               20165                   99,702
-------------------------------------------------------------------------------------------------------
  58            Atlantic                        NJ               08234                   79,602
-------------------------------------------------------------------------------------------------------
  87            Bristol                         MA               02720                      107
-------------------------------------------------------------------------------------------------------
  89            Taos                            NM               87571                  127,003
-------------------------------------------------------------------------------------------------------
 102            Placer                          CA               95765                   76,082
-------------------------------------------------------------------------------------------------------
 111            Riverside                       CA               92582                  120,005
-------------------------------------------------------------------------------------------------------
 126            Cook                            IL               60471                       72
-------------------------------------------------------------------------------------------------------
 127            Montgomery                      TN               37042                       80
-------------------------------------------------------------------------------------------------------
 131            Bryan                           OK               74701                   32,200
-------------------------------------------------------------------------------------------------------
 138            Buffalo                         NE               68845                    25,740
-------------------------------------------------------------------------------------------------------
 143            Allen                           IN               46825                    62,550
-------------------------------------------------------------------------------------------------------
 146            King                            WA               98119                        42
-------------------------------------------------------------------------------------------------------
 149            Marion                          IN               46236                    51,795
-------------------------------------------------------------------------------------------------------
 186            Rapides                         LA               71301                   20,400
-------------------------------------------------------------------------------------------------------

</TABLE>

                                                SCH.II-1
<PAGE>

<TABLE>
<CAPTION>

                                Servicing                                                    Original               Cut-off
     #          Crossed           Group       Property Name                                   Balance               Balance
-----------------------------------------------------------------------------------------------------------------------------------
    <S>                             <C>       <C>                                           <C>                   <C>
    14                              2         Easton Square Shopping Center                 $21,950,000           $21,896,373
-----------------------------------------------------------------------------------------------------------------------------------
    23                              2         Hawthorne Valley Shopping Center              $15,000,000           $14,969,440
-----------------------------------------------------------------------------------------------------------------------------------
    24                              2         The Atrium Business Tower                     $14,025,000           $13,996,372
-----------------------------------------------------------------------------------------------------------------------------------
    43                              2         Marketplace at Cascades - Park Place           $9,240,000            $9,240,000
-----------------------------------------------------------------------------------------------------------------------------------
    58                              2         Raymour and Flanigan Furniture Store           $7,025,000            $6,989,477
-----------------------------------------------------------------------------------------------------------------------------------
    87                              2         Border City Mills                              $4,700,000            $4,685,646
-----------------------------------------------------------------------------------------------------------------------------------
    89                              2         Cruz Alta Plaza                                $4,500,000            $4,479,871
-----------------------------------------------------------------------------------------------------------------------------------
    102                             2         Storage USA - Rocklin                          $4,000,000            $3,988,252
-----------------------------------------------------------------------------------------------------------------------------------
    111                             2         Valleywide Self Storage                        $3,700,000            $3,688,521
-----------------------------------------------------------------------------------------------------------------------------------
    126                             2         Richton Trail Apartments                       $2,820,000            $2,803,739
-----------------------------------------------------------------------------------------------------------------------------------
    127                             2         Tiny Town Village                              $2,800,000            $2,791,211
-----------------------------------------------------------------------------------------------------------------------------------
    131                             2         Durant Shopping Center                         $2,700,000            $2,692,498
-----------------------------------------------------------------------------------------------------------------------------------
    138                             2         Archway Village                                $2,540,000            $2,518,087
-----------------------------------------------------------------------------------------------------------------------------------
    143                             2         Fort Security Self Storage                     $2,343,000            $2,332,973
-----------------------------------------------------------------------------------------------------------------------------------
    146                             2         The Gilman Terrace II Apartments               $2,300,000            $2,291,033
-----------------------------------------------------------------------------------------------------------------------------------
    149                             2         Geist Self Storage                             $2,200,000            $2,193,944
-----------------------------------------------------------------------------------------------------------------------------------
    186                             2         Alexandria Shopping Center                     $1,646,000            $1,641,269
-----------------------------------------------------------------------------------------------------------------------------------

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

(Table continued)

<CAPTION>

                   Orig              Rem.               Orig                  Rem.

                   Amort.            Amort.             Term to               Term to
     #             Term              Term               Term                Maturity
-------------------------------------------------------------------------------------------
    <S>             <C>               <C>                <C>                   <C>
    14              0                 360                358                   60
-------------------------------------------------------------------------------------------
    23              0                 360                358                   120
-------------------------------------------------------------------------------------------
    24              0                 360                358                   120
-------------------------------------------------------------------------------------------
    43              60           Interest Only      Interest Only              60
-------------------------------------------------------------------------------------------
    58              0                 300                296                   120
-------------------------------------------------------------------------------------------
    87              0                 360                357                   120
-------------------------------------------------------------------------------------------
    89              0                 300                297                   120
-------------------------------------------------------------------------------------------
    102             0                 300                298                   120
-------------------------------------------------------------------------------------------
    111             0                 300                298                   84
-------------------------------------------------------------------------------------------
    126             0                 300                296                   120
-------------------------------------------------------------------------------------------
    127             0                 336                333                   120
-------------------------------------------------------------------------------------------
    131             0                 360                357                   120
-------------------------------------------------------------------------------------------
    138             0                 240                236                   120
-------------------------------------------------------------------------------------------
    143             0                 300                297                   120
-------------------------------------------------------------------------------------------
    146             0                 360                356                   120
-------------------------------------------------------------------------------------------
    149             0                 300                298                   120
-------------------------------------------------------------------------------------------
    186             0                 360                357                   84
-------------------------------------------------------------------------------------------

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

</TABLE>
                                          SCH.II-2
<PAGE>

<TABLE>
<CAPTION>

                                                                                                                           Net
                                Servicing                                                           Mortgage            Mortgage
     #          Crossed           Group       Property Name                                           Rate                Rate
-----------------------------------------------------------------------------------------------------------------------------------
    <S>                             <C>       <C>                                                   <C>                  <C>
    14                              2         Easton Square Shopping Center                         4.9200%              4.8182%
-----------------------------------------------------------------------------------------------------------------------------------
    23                              2         Hawthorne Valley Shopping Center                      5.8900%              5.8382%
-----------------------------------------------------------------------------------------------------------------------------------
    24                              2         The Atrium Business Tower                             5.8800%              5.8282%
-----------------------------------------------------------------------------------------------------------------------------------
    43                              2         Marketplace at Cascades - Park Place                  4.5100%              4.4582%
-----------------------------------------------------------------------------------------------------------------------------------
    58                              2         Raymour and Flanigan Furniture Store                  6.6700%              6.6182%
-----------------------------------------------------------------------------------------------------------------------------------
    87                              2         Border City Mills                                     5.6400%              5.5882%
-----------------------------------------------------------------------------------------------------------------------------------
    89                              2         Cruz Alta Plaza                                       5.5900%              5.4882%
-----------------------------------------------------------------------------------------------------------------------------------
    102                             2         Storage USA - Rocklin                                 5.9000%              5.7982%
-----------------------------------------------------------------------------------------------------------------------------------
    111                             2         Valleywide Self Storage                               5.5400%              5.4882%
-----------------------------------------------------------------------------------------------------------------------------------
    126                             2         Richton Trail Apartments                              5.8700%              5.7682%
-----------------------------------------------------------------------------------------------------------------------------------
    127                             2         Tiny Town Village                                     6.2600%              6.1582%
-----------------------------------------------------------------------------------------------------------------------------------
    131                             2         Durant Shopping Center                                6.0900%              6.0382%
-----------------------------------------------------------------------------------------------------------------------------------
    138                             2         Archway Village                                       5.9300%              5.8782%
-----------------------------------------------------------------------------------------------------------------------------------
    143                             2         Fort Security Self Storage                            5.8600%              5.8082%
-----------------------------------------------------------------------------------------------------------------------------------
    146                             2         The Gilman Terrace II Apartments                      5.9300%              5.8782%
-----------------------------------------------------------------------------------------------------------------------------------
    149                             2         Geist Self Storage                                    6.3200%              6.2682%
-----------------------------------------------------------------------------------------------------------------------------------
    186                             2         Alexandria Shopping Center                            5.9300%              5.8782%
-----------------------------------------------------------------------------------------------------------------------------------

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

(Table Continued)

<CAPTION>

                                                                                       Interest
                                                                                      Calculation
                 First               Maturity                                          (30/360 /
     #          Payment                Date                ARD          Due Date      Actual/360)           Defeasance
-----------------------------------------------------------------------------------------------------------------------------
    <S>        <C>                   <C>                <C>                <C>        <C>                       <C>
    14         $116,761              2/1/2004           1/1/2009           1          Actual/360                Yes
-----------------------------------------------------------------------------------------------------------------------------
    23          $88,875              2/1/2004           1/1/2014           1          Actual/360                Yes
-----------------------------------------------------------------------------------------------------------------------------
    24          $83,008              2/1/2004              N/A             1          Actual/360                Yes
-----------------------------------------------------------------------------------------------------------------------------
    43          $34,727              1/1/2004              N/A             1            30/360                  No
-----------------------------------------------------------------------------------------------------------------------------
    58          $48,182             12/1/2003           11/1/2013          1          Actual/360                Yes
-----------------------------------------------------------------------------------------------------------------------------
    87          $27,100              1/1/2004              N/A             1          Actual/360                Yes
-----------------------------------------------------------------------------------------------------------------------------
    89          $27,876              1/1/2004              N/A             1          Actual/360                No
-----------------------------------------------------------------------------------------------------------------------------
    102         $25,528              2/1/2004              N/A             1          Actual/360                Yes
-----------------------------------------------------------------------------------------------------------------------------
    111         $22,810              2/1/2004              N/A             1          Actual/360                Yes
-----------------------------------------------------------------------------------------------------------------------------
    126         $17,946             12/1/2003              N/A             1          Actual/360                Yes
-----------------------------------------------------------------------------------------------------------------------------
    127         $17,685              1/1/2004              N/A             1          Actual/360                Yes
-----------------------------------------------------------------------------------------------------------------------------
    131         $16,344              1/1/2004              N/A             1          Actual/360                No
-----------------------------------------------------------------------------------------------------------------------------
    138         $18,095             12/1/2003              N/A             1          Actual/360                Yes
-----------------------------------------------------------------------------------------------------------------------------
    143         $14,896              1/1/2004              N/A             1          Actual/360                Yes
-----------------------------------------------------------------------------------------------------------------------------
    146         $13,686             12/1/2003              N/A             1          Actual/360                No
-----------------------------------------------------------------------------------------------------------------------------
    149         $14,608              2/1/2004              N/A             1          Actual/360                Yes
-----------------------------------------------------------------------------------------------------------------------------
    186         $9,795               1/1/2004              N/A             1          Actual/360                No
-----------------------------------------------------------------------------------------------------------------------------

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

</TABLE>

                                                           SCH.II-3
<PAGE>

<TABLE>
<CAPTION>

                                                                                          Servicing     Original
                                                                                             and         Lockout         Lockout
                                Servicing                                                  Trustee       Period         Expiration
     #          Crossed           Group       Property Name                                  Fees       (Months)           Date
-----------------------------------------------------------------------------------------------------------------------------------
    <S>                             <C>       <C>                                          <C>             <C>          <C>
    14                              2         Easton Square Shopping Center                0.1018%         56           10/1/2008
-----------------------------------------------------------------------------------------------------------------------------------
    23                              2         Hawthorne Valley Shopping Center             0.0518%         116          10/1/2013
-----------------------------------------------------------------------------------------------------------------------------------
    24                              2         The Atrium Business Tower                    0.0518%         117          11/1/2013
-----------------------------------------------------------------------------------------------------------------------------------
    43                              2         Marketplace at Cascades - Park Place         0.0518%          0              N/A
-----------------------------------------------------------------------------------------------------------------------------------
    58                              2         Raymour and Flanigan Furniture Store         0.0518%         116           8/1/2013
-----------------------------------------------------------------------------------------------------------------------------------
    87                              2         Border City Mills                            0.0518%         117          10/1/2013
-----------------------------------------------------------------------------------------------------------------------------------
    89                              2         Cruz Alta Plaza                              0.1018%          0              N/A
-----------------------------------------------------------------------------------------------------------------------------------
    102                             2         Storage USA - Rocklin                        0.1018%         117          11/1/2013
-----------------------------------------------------------------------------------------------------------------------------------
    111                             2         Valleywide Self Storage                      0.0518%         81           11/1/2010
-----------------------------------------------------------------------------------------------------------------------------------
    126                             2         Richton Trail Apartments                     0.1018%         117           9/1/2013
-----------------------------------------------------------------------------------------------------------------------------------
    127                             2         Tiny Town Village                            0.1018%         117          10/1/2013
-----------------------------------------------------------------------------------------------------------------------------------
    131                             2         Durant Shopping Center                       0.0518%          0              N/A
-----------------------------------------------------------------------------------------------------------------------------------
    138                             2         Archway Village                              0.0518%         117           9/1/2013
-----------------------------------------------------------------------------------------------------------------------------------
    143                             2         Fort Security Self Storage                   0.0518%         117          10/1/2013
-----------------------------------------------------------------------------------------------------------------------------------
    146                             2         The Gilman Terrace II Apartments             0.0518%          0              N/A
-----------------------------------------------------------------------------------------------------------------------------------
    149                             2         Geist Self Storage                           0.0518%         117          11/1/2013
-----------------------------------------------------------------------------------------------------------------------------------
    186                             2         Alexandria Shopping Center                   0.0518%          0              N/A
-----------------------------------------------------------------------------------------------------------------------------------

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

(Table continued)

<CAPTION>

                                                   Earth-              Environmental
                           Co-op LTV               quake                 Insurance            Letter of            Fee/
     #                      as Co-op             Insurance                Policy               Credit            Leasehold
--------------------------------------------------------------------------------------------------------------------------------
    <S>                       <C>                   <C>                     <C>               <C>                   <C>
    14                        N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    23                        N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    24                        N/A                   N/A                     No                $400,000              Fee
--------------------------------------------------------------------------------------------------------------------------------
    43                        N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    58                        N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    87                        N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    89                        N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    102                       N/A                    No                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    111                       N/A                    No                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    126                       N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    127                       N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    131                       N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    138                       N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    143                       N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    146                       N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    149                       N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------
    186                       N/A                   N/A                     No                   N/A                Fee
--------------------------------------------------------------------------------------------------------------------------------

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

(A)       The underlying mortgage loans secured by Red Lion Hotel Pasco, Red Lion Hotel Salt Lake Downtown, Red Lion Hotel
          Redding and Red Lion Hotel Richland Handford House are cross-collaterilized and cross-defaulted, respectively.
(B)       The underlying mortgage loans secured by Avgeris-RBX Industries, Avgeris-IVEX packaging and Avgeris-Ultra Care are
          cross-collaterilized and cross-defaulted, respectively.
(C)       The underlying mortgage loans secured by Richlawn Acres Apartments and Grant Street Apartments are cross-collaterilized
          and cross-defaulted, respectively.
</TABLE>

                                                             SCH.II-4
<PAGE>

                                                                  SCHEDULE III

                  MORTGAGE LOANS CONSTITUTING MORTGAGE GROUPS

                                     None

                                  SCH.III-1
<PAGE>

                                                                   SCHEDULE IV

                        MORTGAGE LOANS WITH LOST NOTES

                                     None

                                   SCH.IV-1
<PAGE>

                                                                    SCHEDULE V

                            EXCEPTIONS TO SELLER'S
                        REPRESENTATIONS AND WARRANTIES

           Reference is made to the Representations and Warranties set forth
in Exhibit A attached hereto corresponding to the paragraph numbers set forth
below:

Exception (x):

     With respect to Loan No. 10020837/Atrium Business Tower, the related
Mortgage Loan is the first priority "A Loan" of an A/B structured loan
transaction. The corresponding subordinate "B Loan" is owned by CBA-Mezzanine
Capital Finance, LLC (or an Affiliate thereof) and is not included in the sale
by the Seller to the Purchaser. The related Mortgage secures both the Mortgage
Loan (with a first priority lien) and the corresponding "B Loan" (with a
subordinate lien thereto).

Exception (xiii):

     With respect to Loan No. 10020837/Atrium Business Tower, the Mortgage
Loan is the first priority "A Loan" of an A/B structured loan transaction. The
corresponding subordinate "B Loan" is owned by CBA-Mezzanine Capital Finance,
LLC (or an Affiliate thereof) and is not included in the sale by the Seller to
the Purchaser. The Mortgage and title insurance policy are each in the amount
of the sum of the principal balances of the Mortgage Loan and the
corresponding subordinate "B Loan".

Exception (xv):

     With respect to Loan No. 10020837/Atrium Business Tower, approximately
5,346 square feet of the Mortgaged Property is subject to a pending
condemnation action by the Nevada Department of Transportation in connection
with a road widening. Seller considered such partial condemnation in
underwriting the Mortgage Loan and determined that such taking would not have
a material adverse effect on the use or value of the Mortgaged Property. The
mortgagee has waived the rights to receive the condemnation proceeds from such
pending condemnation provided certain conditions are satisfied, including that
there is no material adverse affect with respect to access, current use,
operation or value of the Mortgaged Property and mortgagee's receipt of
satisfactory evidence of the relocation of certain utility lines.

                                   SCH.V-1
<PAGE>

Exception (xx):

Correspondent fees are payable with respect to each of the following Mortgage
Loans:

       Loan No. 10017929/Richton Trail Apartments
       Loan No. 10019101/Tiny Town Village
       Loan No. 10021633/ Rocklin Storage USA
       Loan No. 10021651/Easton Square Shopping Center
       Loan No. 10020645/Cruz Alta Plaza

Exception (xxiii):

     With respect to Loan No. 10021888/Cascades Marketplace acts of terrorism
are included in the blanket insurance policy with a sub-limit of $50,000,000.
The original principal balance of such Mortgage Loan was $9,240,000.

     With respect to Loan No. 10021888/Cascades Marketplace, the related
Mortgage Loan documents provide that the borrower is required to maintain
insurance coverage for acts of terrorism if such coverage is commercially
reasonable for properties similar to the Mortgaged Property, provided, however
that the related borrower will not be required to maintain such terrorism
coverage if (i) borrower confirms in writing that it will protect and hold the
mortgagee harmless from losses associated with terrorism risks by, among other
things, depositing with the mortgagee sums sufficient to pay all uninsured
costs related to a restoration following any act of terrorism, or prepaying
the related Mortgage Loan in accordance with the provisions of the related
Mortgage Loan documents (including payment of applicable prepayment
consideration), and (ii) the indemnitor for the related Mortgage Loan executes
a guaranty pursuant to which such indemnitor guarantees payment of all losses
associated with terrorism risks and such indemnitor maintains a specified net
worth and a specified loan to value ratio for all properties in which such
entity has a direct or indirect ownership interest.

Exception (xxxiii):

     With respect to Loan No. 10020837/Atrium Business Tower, the related
Mortgage Loan is the "A/Loan" of an A/B structured loan transaction. The
related Mortgage also secures the corresponding B/Note (which is not included
in the sale by Seller to the Purchaser) and the related Mortgage Loan
documents are cross-defaulted with the corresponding B/Note.

Exception (xxxvi):

     With respect to Loan No. 10020837/Atrium Business Tower, the related
Mortgage Loan is the "A Loan" of an A/B structured loan transaction. The
corresponding "B Loan" is owned by CBA-Mezzanine Capital Finance, LLC (or an
Affiliate thereof) and is not included in the sale by the Seller to the
Purchaser. The related Mortgage secures both the Mortgage Loan and the "B
Loan".

                                   SCH.V-2
<PAGE>

Exception (xxxviii):

     With respect to Loan No. 10021633/Rockline Storage USA, after the fifth
loan year members of the related borrower may obtain financing secured by
pledges of their cash distributions under the operating agreement of the
borrowing entity upon the prior written consent of the holder of the related
Mortgage and the satisfaction of certain conditions, including specified debt
service coverage and loan to value ratios, execution of an intercreditor and
subordination agreement by an institutional mezzanine lender, establishment of
a lockbox arrangement and receipt of rating agency confirmation.

     With respect to Loan No. 10022009/Hawthorne Valley Shopping Center,
partners of the borrower may obtain financing secured by pledges of their
ownership interests in the borrowing entity upon the prior written consent of
the holder of the related Mortgage and the satisfaction of certain conditions,
including specified debt service coverage and loan to value ratios, execution
of an intercreditor and subordination agreement by an institutional mezzanine
lender, establishment of a lockbox arrangement and receipt of rating agency
confirmation.

     With respect to Loan No. 10021063/Border City Mills, (original principal
balance of $4.8 million), the borrower is not prohibited from incurring
unsecured debt.

                                   SCH.V-3
<PAGE>

                                                                     EXHIBIT A

                        REPRESENTATIONS AND WARRANTIES
                         REGARDING THE MORTGAGE LOANS

          For purposes of these representations and warranties, the phrase "to
the knowledge of Additional Party" or "to Additional Party's knowledge" shall
mean, except where otherwise expressly set forth below, the actual state of
knowledge of Additional Party or any servicer acting on its behalf regarding
the matters referred to, in each case without having conducted any independent
inquiry or due diligence with respect to such matters and without any actual
or implied obligation to make such inquiry or perform such due diligence,
other than making such inquiry or performing such due diligence as would be
customarily performed by prudent commercial or multifamily mortgage lenders or
servicers (as the case may be) with respect to similar mortgage loans or
mortgaged properties. All information contained in documents which are part of
or required to be part of a Mortgage File shall be deemed to be within the
knowledge of Additional Party. Wherever there is a reference to receipt by, or
possession of, Additional Party or Seller of any information or documents, or
to any action taken by Additional Party or Seller or not taken by Additional
Party or Seller, such reference shall include the receipt or possession of
such information or documents by, or the taking of such action or the not
taking of such action by, either (i) Additional Party or Seller, as the case
may be, or (ii) any servicer acting on its behalf.

           Additional Party hereby represents and warrants, subject to the
exceptions set forth in the Exception Report annexed to this Agreement as
Schedule V, with respect to the Mortgage Loans that as of the date hereinbelow
specified or, if no such date is specified, as of the date of this Agreement:

          (i) Immediately prior to the sale, transfer and assignment to
Depositor, no Note or Mortgage was subject to any assignment (other than
assignments which show a complete chain of assignment to Seller),
participation or pledge, and Seller had good and marketable title to, and was
the sole owner of, the related Mortgage Loan;

          (ii) Each Mortgage Loan was either:

          (A)  originated by a savings and loan association, savings bank,
               commercial bank, credit union, or insurance company, which is
               supervised and examined by a Federal or State authority, or by
               a mortgagee approved by the Secretary of Housing and Urban
               Development pursuant to Sections 203 and 211 of the National
               Housing Act (any of the foregoing, including Additional Party,
               a "Qualified Originator"); or

          (B)  if originated by a person which is not a Qualified Originator
               (any such person, a "Non-Qualified Originator"), then:

               1.   such Mortgage Loan was underwritten in accordance with
                    standards established by a Qualified Originator, using
                    application forms and related credit documents approved by
                    the Qualified Originator;

                                   EXH.A-1
<PAGE>

               2.   the Qualified Originator approved each application and
                    related credit documents before a commitment by the
                    Non-Qualified Originator was issued, and no such
                    commitment was issued until the Qualified Originator
                    agreed to fund such Mortgage Loan;

               3.   the Mortgage Loan was originated by the Non-Qualified
                    Originator pursuant to an ongoing, standing relationship
                    with the Qualified Originator; and

               4.   the closing documents for the Mortgage Loan were prepared
                    on forms approved by the Qualified Originator, and,
                    pursuant to the Non-Qualified Originator's ongoing,
                    standing relationship with the Qualified Originator,
                    either:

                    (x)  such closing documents reflect the Qualified
                         Originator as the original mortgagee, and such
                         Mortgage Loan was actually funded by the Qualified
                         Originator at the closing thereof;

                    (y)  such closing documents reflect the Non-Qualified
                         Originator as the original mortgagee, but include
                         assignment documents executed by the Non-Qualified
                         Originator in favor of the Qualified Originator at
                         the time of the closing of the Mortgage Loan,
                         reflecting the Qualified Originator as the successor
                         and assign to the Non-Qualified Originator, and the
                         Mortgage Loan was funded initially by the
                         Non-Qualified Originator at the closing thereof and
                         then acquired by the Qualified Originator from such
                         Non-Qualified Originator; or

                    (z)  such closing documents reflect the Non-Qualified
                         Originator as the original mortgagee, but include
                         assignment documents executed by the Non-Qualified
                         Originator in favor of the Qualified Originator at
                         the time of the closing of the Mortgage Loan,
                         reflecting the Qualified Originator as the successor
                         and assign to the Non-Qualified Originator, and the
                         Mortgage Loan was funded initially by the Qualified
                         Originator at the closing thereof and then acquired
                         by the Qualified Originator from such Non-Qualified
                         Originator.

          (iii) Seller has full right and authority to sell, assign and
transfer such Mortgage Loan and the assignment to Depositor constitutes a
legal, valid and binding assignment of such Mortgage Loan;

          (iv) Seller is transferring such Mortgage Loan free and clear of any
and all liens, pledges, charges or any other interests or security interests
of any nature encumbering such Mortgage Loan, except for interests in
servicing rights created or granted under the Pooling and Servicing Agreement,
subservicing agreements and/or servicing rights purchase agreements being
executed and delivered in connection herewith;

                                   EXH.A-2
<PAGE>

          (v) To Additional Party's knowledge, based on the related borrower's
representations and covenants in the related mortgage loan documents and such
other due diligence as a reasonably prudent commercial mortgage lender would
deem appropriate, the borrower, lessee and/or operator was in possession of
all licenses, permits, and authorizations then required for use of the
Mortgaged Property which were valid and in full force and effect as of the
origination date and, to Additional Party's actual knowledge, such licenses,
permits and authorizations are still valid and in full force and effect;

          (vi) Each related Note, Mortgage, Assignment of Leases (if any) and
other agreement executed by or for the benefit of the related borrower, any
guarantor or their successors or assigns in connection with such Mortgage Loan
is the legal, valid and binding obligation of the related borrower,
enforceable in accordance with its terms, except as such enforcement may be
limited by bankruptcy, insolvency, reorganization, moratorium or other laws
affecting the enforcement of creditors' rights or by general principles of
equity (regardless of whether such enforceability is considered in a
proceeding in equity or at law); and there is no right of offset, rescission,
abatement or diminution or valid defense or counterclaim available to the
related borrower with respect to such Note, Mortgage, Assignment of Leases and
other agreements, except as the enforcement thereof may be limited by
bankruptcy, insolvency, reorganization, moratorium or other laws affecting the
enforcement of creditors' rights or by general principles of equity
(regardless of whether such enforceability is considered in a proceeding in
equity or at law);

          (vii) The Mortgage File contains an Assignment of Leases, either as
a separate instrument or incorporated into the related Mortgage. Each related
Assignment of Leases creates a valid first priority collateral assignment of,
or a valid first priority lien or security interest in, certain rights under
the related lease or leases, subject only to a license granted to the related
borrower to exercise certain rights and to perform certain obligations of the
lessor under such lease or leases, including the right to operate the related
leased property, except as the enforcement thereof may be limited by
bankruptcy, insolvency, reorganization, moratorium or other laws affecting the
enforcement of creditors' rights or by general principles of equity
(regardless of whether such enforceability is considered in a proceeding in
equity or at law); no person other than the related borrower owns any interest
in any payments due under such lease or leases that is superior to or of equal
priority with the lender's interest therein;

          (viii) Each related assignment of Mortgage from Seller to the
Trustee and related assignment of the Assignment of Leases, if the Assignment
of Leases is a separate document from the Mortgage, is in recordable form (but
for the insertion of the name and address of the assignee and any related
recording information, which is not yet available to Seller or Additional
Party), and such assignments and any assignment of any other agreement
executed by or for the benefit of the related borrower, any guarantor or their
successors or assigns in connection with such Mortgage Loan from Seller to the
Trustee constitutes the legal, valid and binding assignment from Seller to the
Trustee, except as the enforcement thereof may be limited by bankruptcy,
insolvency, reorganization, liquidation, receivership, moratorium or other
laws relating to or affecting the enforcement of creditors' rights or by
general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or at law); provided that, in the case of
each of the Mayfair Mall Mortgage Loan and the Stanford Shopping Center
Mortgage Loan, the related Mortgage, the related Assignment of Leases (if the
Assignment of Leases is a separate document from the related Mortgage) and
various other related

                                   EXH.A-3
<PAGE>

agreements executed by or for the benefit of the related borrower, any
guarantor or their successors and assigns in connection with the subject
Mortgage Loan have been assigned to the trustee for a separate commercial
mortgage securitization trust established by Depositor;

          (ix) Since origination (A) except as set forth in the related
Mortgage File, such Mortgage Loan has not been modified, altered, satisfied,
canceled, subordinated or rescinded in whole or in part and (B) each related
Mortgaged Property has not been released, in whole or in part, from the lien
of the related Mortgage in any manner which materially interferes with the
security intended to be provided by such Mortgage; and since December 4, 2004,
no waiver, consent, modification, assumption, alteration, satisfaction,
cancellation, subordination or rescission which changes the terms of, or the
security for, the Mortgage Loan in any material respect has occurred or been
given;

          (x) Each related Mortgage is a valid and enforceable first lien on
the related Mortgaged Property (subject to Permitted Encumbrances (as defined
below)), except as the enforcement thereof may be limited by bankruptcy,
insolvency, reorganization, moratorium or other laws affecting the enforcement
of creditors' rights or by general principles of equity (regardless of whether
such enforceability is considered in a proceeding in equity or at law) , and
except that, in the case of each of the CBA Mortgage Loans, the related
Mortgage encumbering the related Mortgaged Property also secures one or more
other mortgage loans; and such Mortgaged Property is free and clear of any
mechanics' and materialmen's liens which are prior to or equal with the lien
of the related Mortgage, except those which are insured against by a lender's
title insurance policy (as described below). A UCC Financing Statement has
been filed and/or recorded (or sent for filing or recording) in all places
necessary to perfect a valid security interest in the personal property
necessary to operate the Mortgaged Property as currently operated; and such
security interest is a first priority security interest, subject to any prior
purchase money security interest in such personal property, any personal
property leases applicable to such personal property and any other security
interest in such personal property which do not, individually or in the
aggregate, materially interfere with the security intended to be provided for
such Mortgage Loan. Any security agreement, chattel mortgage or equivalent
document related to and delivered in connection with the Mortgage Loan
establishes and creates a valid and enforceable lien on the property described
therein, except as such enforcement may be limited by bankruptcy, insolvency,
reorganization, moratorium or other laws affecting the enforcement of
creditors' rights or by general principles of equity (regardless of whether
such enforceability is considered in a proceeding in equity or at law). In the
case of any Mortgage Loan secured by a hotel, the related loan documents
contain such provisions as are necessary and UCC Financing Statements have
been filed as necessary, in each case, to perfect a valid first priority
security interest in the related operating revenues with respect to such
Mortgaged Property. Notwithstanding the foregoing, no representation is made
as to the perfection of any security interest in rent, operating revenues or
other personal property to the extent that possession or control of such items
or actions other than the filing of UCC Financing Statements are required in
order to effect such perfection;

          (xi) Neither Additional Party nor Seller has taken any action that
would cause the representations and warranties made by the related borrower in
the related Mortgage Loan Documents not to be true;

                                   EXH.A-4
<PAGE>

          (xii) Additional Party has no knowledge that the material
representations and warranties made by the related borrower in the related
Mortgage Loan Documents are not true in any material respect;

          (xiii) The lien of each related Mortgage is a first priority lien on
the fee or leasehold interest of the related borrower in the principal amount
of such Mortgage Loan or allocated loan amount of the portions of the
Mortgaged Property covered thereby (as set forth in the related Mortgage)
after all advances of principal and is insured by an ALTA lender's title
insurance policy (except that if such policy is yet to be issued, such
insurance may be evidenced by a "marked up" pro forma policy or title
commitment in either case marked as binding and countersigned by the title
company or its authorized agent, either on its face or by an acknowledged
closing instruction or escrow letter), or its equivalent as adopted in the
applicable jurisdiction, insuring the named mortgagee and its successors and
assigns (as sole insured) as to such lien, subject only to (A) the lien of
current real property taxes, water charges, sewer rents and assessments not
yet delinquent or accruing interest or penalties, (B) covenants, conditions
and restrictions, rights of way, easements and other matters of public record,
none of which, individually or in the aggregate, materially interferes with
the current use of the Mortgaged Property or the security intended to be
provided by such Mortgage or with the borrower's ability to pay its
obligations when they become due or the value of the Mortgaged Property, (C)
the exceptions (general and specific) and exclusions set forth in such policy,
none of which, individually or in the aggregate, materially interferes with
the current general use of the Mortgaged Property or materially interferes
with the security intended to be provided by such Mortgage or with the related
borrower's ability to pay its obligations when they become due or the value of
the Mortgaged Property, (D) the rights of tenants, as tenants only, under
leases, including subleases, pertaining to the related Mortgaged Property, (E)
if the related Mortgage Loan is cross-collateralized with any other Mortgage
Loan, the lien of the mortgage instrument for that other Mortgage Loan and (F)
if the related Mortgaged Property is a unit in a condominium, the related
condominium declaration (items (A), (B), (C), (D), (E) and (F) collectively,
"Permitted Encumbrances"), and except that, in the case of each of the CBA
Mortgage Loans, the related Mortgage encumbering the related Mortgaged
Property also secures one or more other mortgage loans; and with respect to
each Mortgage Loan, such Permitted Encumbrances do not, individually or in the
aggregate, materially interfere with the security intended to be provided by
the related Mortgage, the current principal use of the related Mortgaged
Property or the current ability of the related Mortgaged Property to generate
income sufficient to service such Mortgage Loan; the premium for such policy
was paid in full; such policy (or if it is yet to be issued, the coverage to
be afforded thereby) is issued by a title insurance company licensed to issue
policies in the state in which the related Mortgaged Property is located
(unless such state is Iowa) and is assignable (with the related Mortgage Loan)
to Depositor and the Trustee without the consent of or any notification to the
insurer, and is in full force and effect upon the consummation of the
transactions contemplated by this Agreement; no claims have been made under
such policy and neither Additional Party nor Seller has undertaken any action
or omitted to take any action, and has no knowledge of any such act or
omission, which would impair or diminish the coverage of such policy;

          (xiv) The proceeds of such Mortgage Loan have been fully disbursed
and there is no requirement for future advances thereunder, and no future
advances have been made which are not reflected in the related Mortgage File;

                                   EXH.A-5
<PAGE>

          (xv) Except as set forth in a property inspection report or
engineering report prepared in connection with the origination of the Mortgage
Loan, as of the later of the date of origination of such Mortgage Loan or the
most recent inspection of the related Mortgaged Property by Additional Party,
as applicable, and to the knowledge of Additional Party as of the date hereof,
each related Mortgaged Property is free of any material damage that would
affect materially and adversely the use or value of such Mortgaged Property as
security for the Mortgage Loan (normal wear and tear excepted). If any of the
inspection or engineering reports referred to above in this paragraph (xv)
revealed any immediate repair items, then one of the following is true: (A)
the repairs and/or maintenance necessary to correct such condition have been
completed in all material respects; (B) an escrow of funds is required or a
letter of credit was obtained in an amount reasonably estimated to be
sufficient to complete the repairs and/or maintenance necessary to correct
such condition; or (C) the reasonable estimation at the time of origination of
the Mortgage Loan of the cost to complete the repairs and/or maintenance
necessary to correct such condition represented no more than the greater of
(1) $50,000 and (2) 2% of the value of the related Mortgaged Property as
reflected in an appraisal conducted in connection with the origination of the
subject Mortgage Loan; as of the closing date for each Mortgage Loan and, to
Additional Party's knowledge, as of the date hereof, there is no proceeding
pending for the total or partial condemnation of such Mortgaged Property that
would have a material adverse effect on the use or value of the Mortgaged
Property;

          (xvi) Additional Party has inspected or caused to be inspected each
related Mortgaged Property within the past twelve months, or the originator of
the Mortgage Loan inspected or caused to be inspected each related Mortgaged
Property within three months of origination of the Mortgage Loan;

          (xvii) No Mortgage Loan has a shared appreciation feature, any other
contingent interest feature or a negative amortization feature other than the
ARD Loans which may have negative amortization from and after the related
Anticipated Repayment Date;

          (xviii) Each Mortgage Loan is a whole loan, and neither the Mortgage
Loan nor the related Mortgage Loan Documents create or grant an equity
participation to the lender or any other party;

          (xix) The Mortgage Rate (exclusive of any default interest, late
charges, or prepayment premiums) of such Mortgage Loan complied as of the date
of origination with, or was exempt from, applicable state or federal laws,
regulations and other requirements pertaining to usury. Except to the extent
any noncompliance did not materially and adversely affect the value of the
related Mortgaged Property, the security provided by the Mortgage or the
related borrower's operations at the related Mortgaged Property, any and all
other requirements of any federal, state or local laws, including, without
limitation, truth-in-lending, real estate settlement procedures, equal credit
opportunity or disclosure laws, applicable to such Mortgage Loan have been
complied with as of the date of origination of such Mortgage Loan;

          (xx) Neither Additional Party nor, to Additional Party's knowledge,
any originator, committed any fraudulent acts during the origination process
of any Mortgage Loan and the origination, servicing and collection of each
Mortgage Loan is in all respects legal, proper and prudent in accordance with
customary commercial mortgage lending standards, and no other person has been
granted or conveyed the right to service the Mortgage Loans or receive any
consideration in connection therewith,

                                   EXH.A-6
<PAGE>

except as provided in the Pooling and Servicing Agreement or any permitted
subservicing agreements and/or servicing rights purchase agreements being
executed and delivered in connection therewith;

          (xxi) All taxes and governmental assessments that became due and
owing prior to the date hereof with respect to each related Mortgaged Property
and that are or may become a lien of priority equal to or higher than the lien
of the related Mortgage have been paid or an escrow of funds has been
established and such escrow (including all escrow payments required to be made
prior to the delinquency of such taxes and assessments) is sufficient to cover
the payment of such taxes and assessments;

          (xxii) All escrow deposits and payments required pursuant to each
Mortgage Loan are in the possession, or under the control, of Seller or its
agent and there are no deficiencies (subject to any applicable grace or cure
periods) in connection therewith, all such escrows and deposits are being
conveyed by Seller to Depositor and identified as such with appropriate
detail, and any and all requirements for the disbursement of any such escrows
have been complied with in all material respects;

          (xxiii) Each related Mortgaged Property is insured by a fire and
extended perils insurance policy, issued by an insurer meeting the
requirements of the Pooling and Servicing Agreement, in an amount not less
than the lesser of the principal amount of the related Mortgage Loan and the
replacement cost (with no deduction for physical depreciation) and not less
than the amount necessary to avoid the operation of any co-insurance
provisions with respect to the related Mortgaged Property; each related
Mortgaged Property is also covered by business interruption or rental loss
insurance which covers a period of not less than 12 months and comprehensive
general liability insurance in amounts generally required by prudent
commercial mortgage lenders for similar properties; all Mortgaged Properties
in California or in a seismic zone 4 or 5 have had a seismic assessment done
and earthquake insurance was obtained to the extent any such Mortgaged
Property has a probable maximum loss in the event of an earthquake of greater
than twenty percent (20%) of the replacement value of the related
improvements; if the Mortgaged Property for any Mortgage Loan is located
within Florida or within 25 miles of the coast of North Carolina, South
Carolina, Georgia, Alabama, Mississippi, Louisiana or Texas, then, such
Mortgaged Property is insured by windstorm insurance in an amount at least
equal to the lesser of (i) the outstanding principal balance of such Mortgage
Loan and (ii) 100% of the insurable replacement cost of the improvements
located on the related Mortgaged Property; the Mortgaged Properties securing
all of the Mortgage Loans having a Cut-off Date Principal Balance in excess of
$3,000,000 have, as of the date hereof, insurance policies in place with
respect to acts of terrorism or damage related thereto (excluding acts
involving nuclear, biological or chemical terrorism), except any such Mortgage
Loans that are listed on the applicable Exception Report. All premiums on such
insurance policies required to be paid as of the date hereof have been paid;
such insurance policies or the related insurance certificates require prior
notice to the insured of reduction in coverage, termination or cancellation,
and no such notice has been received by Seller or Additional Party; such
insurance names the lender under the Mortgage Loan and its successors and
assigns as a named or additional insured; each related Mortgage Loan obligates
the related borrower to maintain all such insurance and, at such borrower's
failure to do so, authorizes the lender to maintain such insurance at the
borrower's cost and expense and to seek reimbursement therefor from such
borrower;

          (xxiv) There is no monetary default, breach, violation or event of
acceleration existing under the related Mortgage Loan. To Additional Party's
knowledge, there is no (A) non-monetary default, breach, violation or event of
acceleration existing under the related Mortgage Loan or (B) event

                                   EXH.A-7
<PAGE>

(other than payments due but not yet delinquent) which, with the passage of
time or with notice and the expiration of any grace or cure period, would
constitute a default, breach, violation or event of acceleration, which
default, breach, violation or event of acceleration, in the case of either (A)
or (B), would materially and adversely affect the use or value of the Mortgage
Loan or the related Mortgaged Property. Notwithstanding the foregoing, this
representation and warranty does not address or otherwise cover any default,
breach, violation or event of acceleration that specifically pertains to any
matter otherwise covered by any other representation or warranty made by
Additional Party elsewhere in this Exhibit A or the Exception Report;

          (xxv) No Mortgage Loan has been more than 30 days delinquent in
making required payments since origination and as of the Cut-off Date no
Mortgage Loan is 30 or more days delinquent in making required payments;

          (xxvi) (A) Each related Mortgage contains provisions so as to render
the rights and remedies of the holder thereof adequate for the practical
realization against the Mortgaged Property of the principal benefits of the
security, including realization by judicial or, if applicable, non-judicial
foreclosure or, subject to applicable state law requirements, appointment of a
receiver, and (B) there is no exemption available to the borrower which would
interfere with such right to foreclose, except, in the case of either (A) or
(B), as the enforcement of the Mortgage may be limited by bankruptcy,
insolvency, reorganization, moratorium, redemption or other laws affecting the
enforcement of creditors' rights or by general principles of equity
(regardless of whether such enforceability is considered in a proceeding in
equity or at law). No borrower is a debtor in a state or federal bankruptcy or
insolvency proceeding;

          (xxvii) At origination, each borrower represented and warranted in
all material respects that to its knowledge, except as set forth in certain
environmental reports and, except as commonly used in the operation and
maintenance of properties of similar kind and nature to the Mortgaged
Property, in accordance with prudent management practices and applicable law,
and in a manner that does not result in any contamination of the Mortgaged
Property, it has not used, caused or permitted to exist and will not use,
cause or permit to exist on the related Mortgaged Property any hazardous
materials in any manner which violates federal, state or local laws,
ordinances, regulations, orders, directives or policies governing the use,
storage, treatment, transportation, manufacture, refinement, handling,
production or disposal of hazardous materials or other environmental laws; and
the related borrower agreed to indemnify, defend and hold the mortgagee and
its successors and assigns harmless from and against losses, liabilities,
damages, injuries, penalties, fines, expenses, and claims of any kind
whatsoever (including attorneys' fees and costs) paid, incurred or suffered
by, or asserted against, any such party resulting from a breach of the
foregoing representations, warranties or covenants given by the borrower in
connection with such Mortgage Loan. A Phase I environmental report (or, with
respect to residential cooperative loans with an original principal balance of
$350,000 or less, a transaction screen meeting ASTM standards) and, with
respect to certain Mortgage Loans, a Phase II environmental report was
conducted by a reputable independent environmental consulting firm in
connection with such Mortgage Loan, which report (or transaction screen) did
not indicate any material non-compliance with applicable environmental laws or
material existence of hazardous materials or, if any material non-compliance
or material existence of hazardous materials was indicated in any such report
(or transaction screen), then at least one of the following statements is
true: (A) funds reasonably estimated to be sufficient to cover the cost to
cure any material non-compliance with applicable environmental laws or
material existence of hazardous materials have been escrowed by the related
borrower and held by the related mortgagee; (B) if the environmental

                                   EXH.A-8
<PAGE>

report recommended an operations and maintenance plan, but not any material
expenditure of funds, an operations and maintenance plan has been required to
be obtained by the related borrower; (C) the environmental condition
identified in the related environmental report was remediated or abated in all
material respects prior to the date hereof; (D) a no further action or closure
letter was obtained from the applicable governmental regulatory authority (or
the environmental issue affecting the related Mortgaged Property was otherwise
listed by such governmental authority as "closed"); (E) such conditions or
circumstances identified in the Phase I environmental report were investigated
further and based upon such additional investigation, an environmental
consultant recommended no further investigation or remediation; (F) a party
unrelated to the borrower with financial resources reasonably estimated to be
adequate to cure the condition or circumstance provided a guaranty or
indemnity to the related borrower to cover the costs of any required
investigation, testing, monitoring or remediation; (G) the expenditure of
funds reasonably estimated to be necessary to effect such remediation is not
greater than two percent (2%) of the outstanding principal balance of the
related Mortgage Loan; or (H) a lender's environmental insurance policy was
obtained and is a part of the related Mortgage File. Notwithstanding the
preceding sentence, with respect to certain Mortgage Loans with an original
principal balance of less than $3,000,000, no environmental report may have
been obtained, but (in such cases where a Phase I environmental report was not
obtained) a lender's secured creditor impaired property environmental
insurance policy was obtained with respect to each such Mortgage Loan. Each of
such secured creditor impaired property environmental insurance policies is a
part of the related Mortgage File. Each of such environmental insurance
policies is in full force and effect, is in an amount not less than the 100%
of the balance of the related Mortgage Loan, and has a term extending not less
than five years after the maturity date of the related Mortgage Loan; the
premiums for such policies have been paid in full; the Trustee is named as an
insured under each of such policies; and Additional Party has delivered, or
caused to be delivered, to the insurer all related environmental reports in
its possession. To Additional Party's knowledge, in reliance on the
environmental reports referred to in the second sentence of this paragraph
(xxvii) and except as set forth in such environmental reports, each Mortgaged
Property is in material compliance with all applicable federal, state and
local environmental laws, and to Additional Party's knowledge, no notice of
violation of such laws has been issued by any governmental agency or
authority, except, in all cases, as indicated in such environmental reports or
other documents previously provided to the Rating Agencies; and neither
Additional Party nor Seller has taken any action which would cause the
Mortgaged Property to not be in compliance with all federal, state and local
environmental laws pertaining to environmental hazards;

          (xxviii) (1) Each Mortgage Loan contains provisions for the
acceleration of the payment of the unpaid principal balance of such Mortgage
Loan if, without the consent of the holder of the Mortgage (and the Mortgage
requires the mortgagor to pay all fees and expenses associated with obtaining
such consent), the related Mortgaged Property is directly or indirectly
transferred or sold, and (2) except with respect to transfers of certain
interests in the related borrower to persons already holding interests in the
borrower, their family members, affiliated companies and other estate planning
related transfers that satisfy certain criteria specified in the related
Mortgage (which criteria is consistent with the practices of prudent
commercial mortgage lenders) or any transfers in connection with the death or
disability of owners of the borrower or, if the related Mortgaged Property is
a residential cooperative property, transfers of stock of the related borrower
in connection with the assignment of a proprietary lease for a unit in the
related Mortgaged Property by a tenant-shareholder of the related borrower to
other persons who by virtue of such transfers become tenant-shareholders in
the related borrower, each Mortgage Loan also contains the provisions for the
acceleration of the payment of the unpaid principal

                                   EXH.A-9
<PAGE>

balance of such Mortgage Loan if, without the consent of the holder of the
Mortgage (and the Mortgage requires the mortgagor to pay all fees and expenses
associated with obtaining such consent), a majority interest in the related
borrower is directly or indirectly transferred or sold;

          (xxix) All improvements included in the related appraisal are within
the boundaries of the related Mortgaged Property, except for encroachments
onto adjoining parcels for which Additional Party has obtained title insurance
against losses arising therefrom or that do not materially and adversely
affect the use or value of such Mortgaged Property. No improvements on
adjoining parcels encroach onto the related Mortgaged Property except for
encroachments that do not materially and adversely affect the value of such
Mortgaged Property, the security provided by the Mortgage, the current use of
the Mortgaged Property, or the related borrower's operations at the Mortgaged
Property;

          (xxx) The information pertaining to the Mortgage Loans which is set
forth in the Mortgage Loan Schedule attached as an exhibit to this Agreement
is complete and accurate in all material respects as of the dates of the
information set forth therein (or, if not set forth therein, as of the Cut-off
Date);

          (xxxi) With respect to any Mortgage Loan where all or any portion of
the estate of the related borrower therein is a leasehold estate under a
ground lease, and the related Mortgage does not also encumber the related
lessor's fee interest in such Mortgaged Property, based upon the terms of the
ground lease and any estoppel received from the ground lessor, Additional
Party represents and warrants that:

          (A)  The ground lease or a memorandum regarding such ground lease
               has been duly recorded. The ground lease permits the interest
               of the lessee to be encumbered by the related Mortgage and does
               not restrict the use of the related Mortgaged Property by such
               lessee, its successors or assigns in a manner that would
               adversely affect the security provided by the related Mortgage.
               To Additional Party's knowledge, there has been no material
               change in the terms of the ground lease since its recordation,
               except by any written instruments which are included in the
               related mortgage file;

          (B)  The lessor under such ground lease has agreed in a writing
               included in the related mortgage file that the ground lease may
               not be amended, modified, canceled or terminated without the
               prior written consent of the lender and that any such action
               without such consent is not binding on the lender, its
               successors or assigns;

          (C)  The ground lease has an original term (or an original term plus
               one or more optional renewal terms, which, under all
               circumstances, may be exercised, and would be enforceable, by
               the lender) that extends not less than 10 years beyond the
               amortization term of the related Mortgage Loan;

          (D)  Based on the title insurance policy (or binding commitment
               therefor) obtained by Additional Party, the ground lease is not
               subject to any liens or encumbrances superior to, or of equal
               priority with, the Mortgage, subject to Permitted Encumbrances
               and liens that encumber the ground lessor's fee interest;

                                   EXH.A-10
<PAGE>

          (E)  Under the terms of the ground lease, the ground lease is
               assignable to the lender and its assigns without the consent of
               the lessor thereunder;

          (F)  The ground lease is in full force and effect, Additional Party
               has no actual knowledge that any default beyond applicable
               notice and grace periods has occurred, and to Additional
               Party's knowledge, there is no existing condition which, but
               for the passage of time or giving of notice, would result in a
               default under the terms of the ground lease;

          (G)  The ground lease or ancillary agreement, which is part of the
               Mortgage File, between the lessor and the lessee requires the
               lessor to give notice of any default by the lessee to the
               lender;

          (H)  The lender is permitted a reasonable opportunity (including,
               where necessary, sufficient time to gain possession of the
               interest of the lessee under the ground lease through legal
               proceedings, or to take other action so long as the lender is
               proceeding diligently) to cure any default under the ground
               lease which is curable after the receipt of notice of any
               default before the lessor may terminate the ground lease. All
               rights of the lender under the ground lease and the related
               Mortgage (insofar as it relates to the ground lease) may be
               exercised by or on behalf of the lender;

          (I)  The ground lease does not impose any restrictions on subletting
               that would be viewed as commercially unreasonable by a prudent
               commercial mortgage lender. The lessor is not permitted to
               disturb the possession, interest or quiet enjoyment of any
               subtenant of the lessee in the relevant portion of the
               Mortgaged Property subject to the ground lease for any reason,
               or in any manner, which would adversely affect the security
               provided by the related Mortgage;

          (J)  Under the terms of the ground lease and the related Mortgage,
               any related insurance proceeds or condemnation award (other
               than in respect of a total or substantially total loss or
               taking) will be applied either to the repair or restoration of
               all or part of the related Mortgaged Property, with the lender
               or a trustee appointed by it having the right to hold and
               disburse such proceeds as repair or restoration progresses
               (except in such cases where a provision entitling another party
               to hold and disburse such proceeds would not be viewed as
               commercially unreasonable by a prudent commercial mortgage
               lender), or to the payment of the outstanding principal balance
               of the Mortgage Loan, together with any accrued interest,
               except that in the case of condemnation awards, the ground
               lessor may be entitled to a portion of such award;

          (K)  Under the terms of the ground lease and the related Mortgage,
               any related insurance proceeds, or condemnation award in
               respect of a total or substantially total loss or taking of the
               related Mortgaged Property will be applied first to the payment
               of the outstanding principal balance of the Mortgage Loan,
               together with any accrued interest (except as provided by
               applicable law or in cases where a

                                   EXH.A-11
<PAGE>

               different allocation would not be viewed as commercially
               unreasonable by a prudent commercial mortgage lender, taking
               into account the relative duration of the ground lease and the
               related Mortgage and the ratio of the market value of the
               related Mortgaged Property to the outstanding principal balance
               of such Mortgage Loan). Until the principal balance and accrued
               interest are paid in full, neither the lessee nor the lessor
               under the ground lease will have an option to terminate or
               modify the ground lease without the prior written consent of
               the lender as a result of any casualty or partial condemnation;
               and

          (L)  Provided that the lender cures any defaults which are
               susceptible to being cured, the lessor has agreed to enter into
               a new lease upon termination of the ground lease for any
               reason, including rejection of the ground lease in a bankruptcy
               proceeding;

          (xxxii) With respect to any Mortgage Loan where all or a material
portion of the estate of the related borrower therein is a leasehold estate,
but the related Mortgage also encumbers the related lessor's fee interest in
such Mortgaged Property: (A) such lien on the related fee interest is
evidenced by the related Mortgage, (B) such Mortgage does not by its terms
provide that it will be subordinated to the lien of any other mortgage or
encumbrance upon such fee interest, (C) upon the occurrence of a default under
the terms of such Mortgage by the related borrower, any right of the related
lessor to receive notice of, and to cure, such default granted to such lessor
under any agreement binding upon the lender would not be considered
commercially unreasonable in any material respect by prudent commercial
mortgage lenders, (D) the related lessor has agreed in a writing included in
the related Mortgage File that the related ground lease may not be amended or
modified without the prior written consent of the lender and that any such
action without such consent is not binding on the lender, its successors or
assigns, and (E) the related ground lease is in full force and effect, and
Additional Party has no actual knowledge that any default beyond applicable
notice and grace periods has occurred or that there is any existing condition
which, but for the passage of time or giving of notice, would result in a
default under the terms of such ground lease;

          (xxxiii) Except in the case of each of the CBA Mortgage Loans, with
respect to those Mortgage Loans that are cross-collateralized or
cross-defaulted, all other loans that are cross-collateralized or
cross-defaulted with such Mortgage Loans are being transferred to Depositor
hereunder;

          (xxxiv) Neither Additional Party nor any affiliate thereof has any
obligation to make any capital contribution to any borrower under a Mortgage
Loan, other than contributions made on or prior to the date hereof;

          (xxxv) (A) The Mortgage Loan is directly secured by a Mortgage on a
commercial property or multifamily residential property, and (B) the fair
market value of such real property, as evidenced by an appraisal satisfying
the requirements of FIRREA conducted within 12 months of the origination of
the Mortgage Loan, was at least equal to 80% of the principal amount of the
Mortgage Loan (1) at origination (or if the Mortgage Loan has been modified in
a manner that constituted a deemed exchange under Section 1001 of the Code at
a time when the Mortgage Loan was not in default or default with respect
thereto was not reasonably foreseeable, the date of the last such
modification) or (2) at the date hereof; provided that the fair market value
of the real property must first be reduced by

                                   EXH.A-12
<PAGE>

(x) the amount of any lien on the real property interest that is senior to the
Mortgage Loan and (y) a proportionate amount of any lien that is in parity
with the Mortgage Loan (unless such other lien secures a Mortgage Loan that is
cross-collateralized with such Mortgage Loan, in which event the computation
described in (B) shall be made on an aggregated basis);

          (xxxvi) There are no subordinate mortgages encumbering the related
Mortgaged Property, nor are there any preferred equity interests held by the
lender or any mezzanine debt related to such Mortgaged Property, except as set
forth in the Prospectus Supplement, in this Exhibit A or in the Exception
Report;

          (xxxvii) Except in cases where the related Mortgaged Property is a
residential cooperative property, the Mortgage Loan Documents executed in
connection with each Mortgage Loan having an original principal balance in
excess of $5,000,000 require that the related borrower be a Single-Purpose
Entity (for this purpose, "Single-Purpose Entity" shall mean an entity, other
than an individual, having organizational documents which provide
substantially to the effect that it is formed or organized solely for the
purpose of owning and operating one or more Mortgaged Properties, is
prohibited from engaging in any business unrelated to such property and the
related Mortgage Loan, does not have any assets other than those related to
its interest in the related Mortgaged Property or its financing, or any
indebtedness other than as permitted under the related Mortgage Loan). To
Additional Party's actual knowledge, each borrower has fully complied with the
requirements of the related Note and Mortgage and borrower's organizational
documents regarding Single-Purpose Entity status;

          (xxxviii) Except in cases where the related Mortgaged Property is a
residential cooperative property, each Mortgage Loan prohibits the related
borrower from mortgaging or otherwise encumbering the Mortgaged Property, or
any controlling equity interest in the borrower, without the prior written
consent of the mortgagee or the satisfaction of debt service coverage or
similar criteria specified in the Note or Mortgage which would be acceptable
to a reasonably prudent commercial mortgage lender, and, except in connection
with trade debt and equipment financings in the ordinary course of borrower's
business, from carrying any additional indebtedness, except, in each case,
liens contested in accordance with the terms of the Mortgage Loans or, with
respect to each Mortgage Loan having an original principal balance of less
than $4,000,000, any unsecured debt;

          (xxxix) Each borrower covenants in the Mortgage Loan Documents that
it shall remain in material compliance with all material licenses, permits and
other legal requirements necessary and required to conduct its business;

          (xl) Each Mortgaged Property (A) is located on or adjacent to a
dedicated road, or has access to an irrevocable easement permitting ingress
and egress, (B) is served by public utilities and services generally available
in the surrounding community or otherwise appropriate for the use in which the
Mortgaged Property is currently being utilized, and (C) constitutes one or
more separate tax parcels or is covered by an endorsement with respect to the
matters described in (A), (B) or (C) under the related title insurance policy
(or the binding commitment therefor);

          (xli) Based solely on a flood zone certification or a survey of the
related Mortgaged Property, if any portion of the improvements on the
Mortgaged Property is located in an area identified by the Federal Emergency
Management Agency or the Secretary of Housing and Urban Development as

                                   EXH.A-13
<PAGE>

having special flood hazards categorized as Zone "A" or Zone "V" and flood
insurance is available, the terms of the Mortgage Loan require the borrower to
maintain flood insurance, or at such borrower's failure to do so, authorizes
the lender to maintain such insurance at the cost and expense of the borrower
and such insurance is in full force and effect in an amount not less than the
lesser of (A) the replacement cost of the material improvements on such
Mortgaged Property, (B) the balance of the Mortgage Loan and (C) the maximum
amount of insurance available under the applicable National Flood Insurance
Administration Program;

          (xlii) With respect to each Mortgage which is a deed of trust, a
trustee, duly qualified under applicable law to serve as such, currently so
serves and is named in the deed of trust or has been substituted in accordance
with applicable law or may be substituted in accordance with applicable law by
the related mortgagee, and except in connection with a trustee's sale after a
default by the related borrower, no fees are payable to such trustee, and such
fees payable are payable by the borrower;

          (xliii) Except as disclosed in the Exception Report to this
Agreement, to the knowledge of Additional Party as of the date hereof, there
was no pending action, suit or proceeding, arbitration or governmental
investigation against any borrower or Mortgaged Property, an adverse outcome
of which would materially and adversely affect such borrower's ability to
perform under the related Mortgage Loan;

          (xliv) No advance of funds has been made by Additional Party or
Seller to the related borrower (other than mezzanine debt and the acquisition
of preferred equity interests by the preferred equity interest holder, as
disclosed in the Prospectus Supplement), and no funds have, to Additional
Party's knowledge, been received from any person other than, or on behalf of,
the related borrower, for, or on account of, payments due on the Mortgage
Loan;

          (xlv) To the extent required under applicable law, as of the Cut-off
Date or as of the date that such entity held the Note, each holder of the Note
was authorized to transact and do business in the jurisdiction in which each
related Mortgaged Property is located, or the failure to be so authorized did
not materially and adversely affect the enforceability of such Mortgage Loan;

          (xlvi) All collateral for the Mortgage Loans is being transferred as
part of the Mortgage Loans;

          (xlvii) Except as disclosed in the Exception Report or the
Prospectus Supplement with respect to the Crossed Mortgage Loans and Mortgage
Loans secured by multiple, non-contiguous real properties, no Mortgage Loan
requires the lender to release any portion of the Mortgaged Property from the
lien of the related Mortgage except upon (A) payment in full or defeasance of
the related Mortgage Loan, (B) the satisfaction of certain legal and
underwriting requirements that would be customary for prudent commercial
mortgage lenders, which in all events include payment of a release price at
least 125% of the appraised value of the property to be released or of the
allocated loan amount of such property, (C) releases of unimproved out-parcels
or (D) releases of other portions of the Mortgaged Property which will not
have a material adverse effect on the use or value of the collateral for the
related Mortgage Loan and which were given no value in the appraisal of the
Mortgaged Property or of that portion of the Mortgaged Property used to
calculate the loan-to-value ratio of the Mortgaged Property for underwriting
purposes. No release or partial release of any Mortgaged Property, or any
portion

                                   EXH.A-14
<PAGE>

thereof, expressly permitted or required pursuant to the terms of any Mortgage
Loan would constitute a significant modification of the related Mortgage Loan
under Treas. Reg. Section 1.860G-2(b)(2);

          (xlviii) Any insurance proceeds in respect of a casualty loss or
taking will be applied either to (A) the repair or restoration of all or part
of the related Mortgaged Property, with, in the case of all casualty losses or
takings in excess of a specified amount or percentage of the related loan
amount that a prudent commercial lender would deem satisfactory and
acceptable, the lender (or a trustee appointed by it) having the right to hold
and disburse such proceeds as the repair or restoration progresses (except in
any case where a provision entitling another party to hold and disburse such
proceeds would not be viewed as commercially unreasonable by a prudent
commercial mortgage lender) or (B) to the payment of the outstanding principal
balance of such Mortgage Loan together with any accrued interest thereon;

          (xlix) Each UCC Financing Statement, if any, filed with respect to
personal property constituting a part of the related Mortgaged Property and
each assignment, if any, of such UCC Financing Statement to Seller was, and
each assignment, if any, of such UCC Financing Statement in blank which the
Trustee or its designee is authorized to complete (but for the insertion of
the name of the assignee and any related filing information which is not yet
available to Seller) is, in suitable form for filing in the filing office in
which such UCC Financing Statement was filed;

          (l) To Additional Party's knowledge, (A) each commercial lease
covering more than 10% (20% in the case of any Mortgage Loan having an
original principal balance less than $2,500,000) of the net leaseable area of
the related Mortgaged Property is in full force and effect and (B) there
exists no default under any such commercial lease either by the lessee
thereunder or by the related borrower that could give rise to the termination
of such lease;

          (li) Based upon an opinion of counsel and/or other due diligence
considered reasonable by prudent commercial mortgage lenders in the lending
area where the subject property is located, the improvements located on or
forming part of each Mortgaged Property comply with applicable zoning laws and
ordinances, or constitute a legal non-conforming use or structure or, if any
such improvement does not so comply, such non-compliance does not materially
and adversely affect the value of the related Mortgaged Property. With respect
to Mortgage Loans with a Cut-off Date Principal Balance of over $10,000,000,
if the related Mortgaged Property does not so comply, to the extent Additional
Party is aware of such non-compliance, it has required the related borrower to
obtain law and ordinance insurance coverage in amounts customarily required by
prudent commercial mortgage lenders;

          (lii) Each Mortgage Loan constitutes a "qualified mortgage" within
the meaning of Section 860G(a)(3) of the Code (but without regard to the rule
in Treasury Regulation (as defined herein) Section 1.860G-2(f)(2) that treats
a defective obligation as a qualified mortgage or any substantially similar
successor provision), the related Mortgaged Property, if acquired by a REMIC
in connection with the default or imminent default of such Mortgage Loan would
constitute "foreclosure property" within the meaning of Code Section
860G(a)(8) and all Prepayment Premiums and Yield Maintenance Charges with
respect to such Mortgage Loan constitute "customary prepayment penalties"
within the meaning of Treasury Regulation Section 1.860G-1(b)(2);

          (liii) With respect to any Mortgage Loan that pursuant to the
Mortgage Loan Documents can be defeased, (A) the Mortgage Loan cannot be
defeased within two years after the

                                   EXH.A-15
<PAGE>

Closing Date, (B) the borrower can pledge only United States government
securities in an amount sufficient to make all scheduled payments under the
Mortgage Loan when due, (C) the borrower is required to provide independent
certified public accountant's certification that the collateral is sufficient
to make such payments, (D) the loan may be required to be assumed by a
single-purpose entity designated by the holder of the Mortgage Loan, (E) the
borrower is required to provide an opinion of counsel that the trustee has a
perfected security interest in such collateral prior to any other claim or
interest, (F) the borrower is required to pay all Rating Agency fees
associated with defeasance (if rating confirmation is a specific condition
precedent thereto) and all other reasonable expenses associated with
defeasance, including, but not limited to, accountant's fees and opinions of
counsel, (G) with respect to any Significant Loan (as defined in the Pooling
and Servicing Agreement), the borrower is required to provide an opinion of
counsel that such defeasance will not cause any REMIC created under the
Pooling and Servicing Agreement to fail to qualify as a REMIC for federal or
applicable state tax purposes and (H) with respect to any Significant Loan (as
defined in the Pooling and Servicing Agreement), the borrower must obtain
confirmation from each Rating Agency that the defeasance would not result in
such Rating Agency's withdrawal, downgrade or qualification of the then
current rating of any class of Certificates rated by such Rating Agency;

          (liv) The Mortgage Loan Documents for each Mortgage Loan provide
that the related borrower thereunder shall be liable to the lender for any
losses incurred by the lender due to (A) the misapplication or
misappropriation of rents, insurance proceeds or condemnation awards, (B) any
willful act of material waste, (C) any breach of the environmental covenants
contained in the related Mortgage Loan Documents, and (D) fraud by the related
borrower; provided that, with respect to clause (C) of this sentence, an
indemnification against losses related to such violations or environmental
insurance shall satisfy such requirement; and provided, further, that, if the
related Mortgaged Property is a residential cooperative property, then the
subject Mortgage Loan is fully recourse to the borrower;

          (lv) If such Mortgage Loan is an ARD Loan, it commenced amortizing
on its initial scheduled Due Date and provides that: (A) its Mortgage Rate
will increase by no less than two percentage points in connection with the
passage of its Anticipated Repayment Date and so long as the Mortgage Loan is
an asset of the Trust Fund; (B) its Anticipated Repayment Date is not less
than seven years following the origination of such Mortgage Loan; (C) no later
than the related Anticipated Repayment Date, if it has not previously done so,
the related borrower is required to enter into a "lockbox agreement" whereby
all revenue from the related Mortgaged Property shall be deposited directly
into a designated account controlled by the applicable Master Servicer; and
(D) any cash flow from the related Mortgaged Property that is applied to
amortize such Mortgage Loan following its Anticipated Repayment Date shall, to
the extent such net cash flow is in excess of the Monthly Payment payable
therefrom, be net of budgeted and discretionary (servicer approved) capital
expenditures;

          (lvi) Except as disclosed in the Prospectus Supplement, no Mortgage
Loan, and no group of Mortgage Loans made to the same borrower and to
borrowers that are Affiliates, accounted for more than 5.0% of the aggregate
of the Cut-off Date Principal Balances of all of the Mortgage Loans sold to
Depositor by Column Financial, Inc., PNC Bank, National Association, NCB, FSB,
and KeyBank National Association pursuant to those certain Mortgage Loan
Purchase Agreements, each dated as of February 26, 2004, between Depositor and
Column Financial, Inc., PNC Bank, National Association, NCB, FSB, and KeyBank
National Association, respectively, as of the Cut-off Date (there being two
such Mortgage Loan Purchase Agreements in the case of Column Financial, Inc.);

                                   EXH.A-16
<PAGE>

          (lvii) Except for the Mortgage Loans with an initial principal
balance less than $3,000,000, in connection with its origination or
acquisition of each Mortgage Loan, Additional Party obtained an appraisal of
the related Mortgaged Property, which appraisal is signed by an appraiser,
who, to Additional Party's actual knowledge, had no interest, direct or
indirect, in the borrower, the Mortgaged Property or in any loan made on the
security of the Mortgaged Property, and whose compensation was not affected by
the approval or disapproval of the Mortgage Loan; and

          (lviii) Each Mortgage Loan bears interest at a rate that remains
fixed throughout the remaining term of such Mortgage Loan, except in the case
of an ARD Loan after its Anticipated Repayment Date and except for the
imposition of a default rate.

                                   EXH.A-17
<PAGE>

                                                                     EXHIBIT B

                            AFFIDAVIT OF LOST NOTE

STATE OF NEW YORK        )
                         )        ss.:
COUNTY OF NEW YORK       )

          ____________________________, being duly sworn, deposes and says:

          1. that he is an authorized signatory of KeyBank National
Association ("KeyBank");

          2. that Column Financial, Inc. ("Column") is the owner and holder of
a mortgage loan, acquired by it from KeyBank, in the original principal
amount of $______________ secured by a mortgage (the "Mortgage") on the
premises known as ______________ ______________ located in ______________;

          3. that Column and KeyBank, after having conducted a diligent
investigation of its records and files, has been unable to locate the
following original note and believes that said original note has been lost,
misfiled, misplaced or destroyed due to a clerical error:

          a note in the original sum of $______________ made by __________, to
          KeyBank, under date of ______________ (the "Note");

          4. that the Note is now owned and held by Column;

          5. that the copy of the Note attached hereto is a true and correct
copy thereof;

          6. that the Note has not been paid off, satisfied, assigned,
transferred, encumbered, endorsed, pledged, hypothecated, or otherwise
disposed of and that the original Note has been either lost, misfiled,
misplaced or destroyed;

          7. that no other person, firm, corporation or other entity has any
right, title, interest or claim in the Note except Column; and

          8. upon assignment of the Note by Column to Credit Suisse First
Boston Mortgage Securities Corp. (the "Depositor") and subsequent assignment
by Depositor to the trustee for the benefit of the holders of the
Credit Suisse First Boston Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates, Series 2004-C1 (the "Trustee") (which assignment
may, at the discretion of Depositor, be made directly by Column to the
Trustee), KeyBank covenants and agrees (a) promptly to deliver or cause to be
delivered to the Trustee the original Note if it is subsequently found, and
(b) to indemnify and hold harmless the Trustee and its successors and assigns
from and against any and all costs, expenses and monetary losses arising as a
result of Column's failure to deliver said original Note to the Trustee.

                                   EXH.B-1
<PAGE>

                                      KEYBANK NATIONAL ASSOCIATION

                                      By:
                                           ----------------------------------
                                      Name:
                                      Title:

Sworn to before me this ___
day of _______________, 2004

                                   EXH.B-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}]]