Document:

Exhibit 10.21

 

HOLMES TRUSTEES LIMITED

 

REPORT AND ACCOUNTS

 

FOR THE YEAR ENDED 31 DECEMBER 2006

 

Registered No. 3982431

 

 

 

  	
         
	
         
	
         

 

 

HOLMES TRUSTEES LIMITED

 

 

Report of the directors

 

The Directors submit their report together with the financial statements of Holmes Trustees Limited (‘the Company’) for the year ended 31 December 2006.  

 

This Directors' report has been prepared in accordance with the special provisions relating to small companies under section 246(4)(a) of the Companies Act 1985.

 

Principal activity and review of the year

 

The principal activity of the Company is to hold the legal interest in certain property on trust absolutely for the beneficial owners of that property.

 

The trust property comprises a portfolio of mortgage loans secured on residential property in England, Scotland and Wales, interest and principal paid by borrowers on those loans, and all other amounts received under the loans.

 

The beneficial owners of the trust property are Abbey National plc, the originators of the trust property, and Holmes Funding Limited, a group company.  The Company has no beneficial interest in the trust property.

 

All income from the trust property is distributed to the beneficial owners in proportion to their share of the trust property owned.

 

As at 31 December 2006, the book value of residential mortgage loans that Abbey National plc had assigned legal title to the Company was £29.1 billion (2005: £28.6 billion). 

 

No future changes in activity are envisaged.

 

1

 

HOLMES TRUSTEES LIMITED

 

Results and dividends

 

There was no profit or loss for the year ended 31 December 2006 (2005: £nil) and therefore the Directors do not recommend the payment of a dividend (2005: £nil).

 

Directors and their interests

 

The Directors who served throughout the year were:

 

Mr D M Green 

Mr M McDermott 

Ms R Samson (appointed 10 November 2006)

Mr R G Baker (Alternate Director to Mr D M Green, appointed 28 July 2006, resigned 10 November 2006)

Wilmington Trust SP Services (London) Limited 

 

At the year end and the previous year end, Holmes Holdings Limited held one share in the Company. Holmes Holdings Limited and Mr M McDermott jointly held the other share.

 

Wilmington Trust SP Services (London) Limited and Mr M McDermott held one share in the holding company, Holmes Holdings Limited, at the year end. The other share in Holmes Holdings Limited was held by Wilmington Trust SP Services (London) Limited. Mr M McDermott is also a Director of Wilmington Trust SP Services (London) Limited.

 

None of the other Directors had a beneficial interest in the shares of the Company, or of the holding company, Holmes Holdings Limited, and its subsidiaries at any time during the year.

 

 

 

Directors’ responsibility statement

 

The directors are responsible for preparing their report and financial statements.  The directors have chosen to prepare accounts for the Company in accordance with International Financial Reporting Standards (IFRS).  Company law requires the directors to prepare such financial statements in accordance with International Financial Reporting Standards and the Companies Act 1985.

 

 

2

 

HOLMES TRUSTEES LIMITED

 

 

 

Report of the directors (continued)

 

Directors’ responsibility statement (continued)

 

International Accounting Standard 1 requires that financial statements present fairly for each financial year the company’s financial position, financial performance and cash flows.  This requires the faithful representation of the effects of transactions, other events and conditions in accordance with the definitions and recognition criteria for assets, liabilities, income and expenses set out in the International Accounting Standards Board’s ‘Framework for the Preparation and Presentation of Financial Statements’.  In virtually all circumstances, a fair presentation will be achieved by compliance with all applicable International Financial Reporting Standards.  Directors are also required to:

 

	
             
 	
            •
 	
            properly select and apply accounting policies;
 

	
             
 	
            •
 	
            present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;
 

	
             
 	
            •
 	
            provide additional disclosures when compliance with the specific requirements in International Financial Reporting Standards is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the entity’s financial position and financial performance; and
 

	
             
 	
            •
 	
            prepare the accounts on the going concern basis unless, having assessed the ability of the company to continue as a going concern, management either intends to liquidate the entity or to cease trading, or have no realistic alternative but to do so.
 

 

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company, for safeguarding assets, for taking reasonable steps for the prevention and detection of fraud and other irregularities and for the preparation of a directors’ report which complies with the requirements of the Companies Act 1985.

 

Legislation in the United Kingdom governing the preparation and dissemination of financial statements differs from legislation in other jurisdictions.

 

Third Party Indemnities

 

During 2006, Abbey National plc applied the provisions of the Companies (Audit, Investigations and Community Enterprise) Act 2004 to provide enhanced indemnities to the Directors of the Company and any of its subsidiaries or other company where such person has been nominated in writing by Abbey as its representative on the board of such companies against liabilities and associated costs which they could incur in the course of their duties to the Company.  The indemnities remain in force as at the date of this Annual Report & Accounts.  A copy of each of the indemnities is kept at the registered office address of Abbey National plc.

 

Auditors

 

In accordance with Section 386 of the Companies Act 1985, the Company has elected to dispense with the obligation to appoint auditors annually.  Accordingly, Deloitte & Touche LLP are therefore deemed to have been re-appointed as auditors of the Company.

 

In the case of each of the persons who are directors of the company at the date when this report was approved:

 

	
             
 	
            •
 	
            so far as each of the directors is aware, there is no relevant audit information (as defined in s234ZA of the Companies Act 1985) of which the company’s auditors are unaware; and
 

 

3

 

HOLMES TRUSTEES LIMITED

 

 

 

	
             
 	
            •
 	
            each of the directors has taken all steps that he ought to have taken as director to make himself aware of any relevant audit information (as defined in s234ZA of the Companies Act 1985) and to establish that the company’s auditors are aware of that information.
 

 

By Order of the Board

 

 

For and on behalf of

Abbey National Secretariat Services Limited, Company Secretary

 

23 February 2007

 

Registered Office Address:  Abbey National House, 2 Triton Square, Regent's Place, London NW1 3AN

 

4

 

HOLMES TRUSTEES LIMITED

 

 

 

 

Independent auditors’ report to the members of Holmes Trustees Limited

We have audited the financial statements of Holmes Trustees Limited for the year ended 31 December 2006 which comprise the Income Statement, the Balance Sheet, the Cash Flow Statement, the Statement of Recognised Income and Expense and the related notes 1 to 6. These financial statements have been prepared under the accounting policies set out therein.

Respective responsibilities of directors and auditors

The directors' responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and International Financial Reporting Standards (IFRSs) as adopted by the European Union are set out in the Directors' Responsibility Statement.

Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and International Standards on Auditing (UK and Ireland).

We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in accordance with the Companies Act 1985. We also report to you whether in our opinion the information given in the Report of the directors is consistent with the financial statements. 

In addition we report to you if, in our opinion, the company has not kept proper accounting records, if we have not received all the information and explanations we require for our audit, or if information specified by law regarding directors' remuneration and other transactions is not disclosed.

We read the Report of the directors and the other information contained in the annual report and consider the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the financial statements. Our responsibilities do not extend to any further information outside the Annual Report.

Basis of audit opinion

We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgments made by the directors in the preparation of the financial statements, and of whether the accounting policies are appropriate to the company's circumstances, consistently applied and adequately disclosed.

We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.

Opinion

In our opinion:

  	
        •
	
        the financial statements give a true and fair view, in accordance with IFRSs as adopted by the European Union, of the state of the company's affairs as at 31 December 2006 and of its profit for the year then ended;

  	
        •
	
        the financial statements have been properly prepared in accordance with the Companies Act 1985; and

  	
        •
	
        the information given in the Report of the directors is consistent with the financial statements.

Separate opinion in relation to IFRSs

 

 

 

 

5

 

 

HOLMES TRUSTEES LIMITED

 

 

As explained in Note 1 to the financial statements, the company in addition to complying with IFRSs as adopted by the European Union, has also complied with the IFRSs as issued by the International Accounting Standards Board.

In our opinion the financial statements give a true and fair view, in accordance with IFRSs, of the state of the company's affairs as at 31 December 2006 and of its profit for the year then ended.

 

Deloitte & Touche LLP

Chartered Accountants and Registered Auditors 

London

7 March 2007

 

 

 

Income Statement

For the year ended 31 December 2006

 

There were no transactions in the current or prior year and the company generated neither a profit nor a loss in either year.

 

 

 

Statement of Recognised Income and Expense

For the year ended 31 December 2006

 

The Company has no recognised income or expenses other than the results for the current and previous year as set out in the Income Statement.

 

 

 

Cash Flow Statement

For the year ended 31 December 2006

 

The Company has not undertaken any cash transactions in the current or previous year and so no cash flows have occurred.

 

 

 

6

 

HOLMES TRUSTEES LIMITED

 

 

 

Balance Sheet

As at 31 December 2006

 

	
             

 

 
 	
             

Notes
 	
             

2006

£
 	
             

2005

£
 
	
            Current assets
  	
             
 	
             
 	
             
 
	
            Cash and cash equivalents
 	
            3
 	
            2
 	
            2
 
	
       
 	
             
 	
             
 	
             
 
	
            Net assets
  	
             
 	
            2
 	
            2
 
	
             
  	
             
 	
             
 	
             
 
	
            Equity
  	
             
 	
             
 	
             
 
	
      Share capital
  	
            4
 	
            2
 	
            2
 
	
            Equity attributable to equity holders of the company
  	
             
 	
            2
 	
            2
 

 

 

The Company acts solely as a trustee in respect of all assets registered in its name. It, therefore, has no beneficial interest in these assets and accordingly they are not shown in this balance sheet. The assets are passed to, and reported by, the ultimate beneficiaries.  

 

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2007. They were signed on its behalf by:

 

 

 

M McDermott

Director

 

 

7

 

HOLMES TRUSTEES LIMITED

 

Notes to the financial statements for the year ended 31 December 2006

 

 

1.  Accounting policies

 

The principal accounting policies applied in the preparation of financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.

 

Basis of preparation

 

The financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as adopted for use in the European Union that are effective or available for early adoption at the company’s reporting date. The company, in addition to complying with its legal obligation to comply with IFRSs as adopted for use in the European Union, has also complied with the IFRSs as issued by the International Accounting Standards Board. The financial statements have been prepared under the historical cost convention.

 

The company has adopted the following new or revised IFRS:

 

	
             
 	
            a)
 	
            The amendments to IAS 39 “ Financial Instruments: Recognition and Measurement” and IFRS 4 “Insurance Contracts” relating to Financial Guarantee Contracts.
 

	
             
 	
            b)
 	
            The company has decided to early adopt IFRS 7 “Financial Instruments: Disclosure” and the related amendments to IAS 1 “Presentation of Financial statements”.
 

 

Cash and cash equivalents

 

Cash and cash equivalents comprise balances with less than three months’ maturity from the date of acquisition, including cash and non restricted balances with central banks, treasury bills and other eligible bills, loans and advances to banks, amounts due from other banks and short term investments in securities

 

2. Result from operations

 

Fees payable to the company’s auditors for the audit of the company’s annual accounts for the current year are £15,000 (2005: £15,000) and have been borne by Abbey National plc, for which no recharge has been made in the current or prior year.

 

Directors' emoluments are borne by Abbey National plc.  No emoluments were paid by the Company to Directors during the year (2005: £nil).

 

The Company has no employees (2005: none).

 

3. Cash and cash equivalents

 

The Company acts solely as a trustee in respect of all assets registered in its name. It, therefore, has no beneficial interest in these assets and accordingly they are not shown in the balance sheet. The assets are passed to, and reported by, the ultimate beneficiaries. 

 

Included in these are deposits at banks, which pay interest based on three-month LIBOR.  The amounts held on deposit are held for the beneficial owners of the trust property. Interest earned on the deposits is distributed to the beneficial owners of the trust property.

 

At 31 December 2006 the amount held was £800,297,202 (2005: £1,022,730,640). 

 

During the year £26,248,410 of interest was earned (2005: £29,581,127).

 

4. Share capital

 

 

8

 

HOLMES TRUSTEES LIMITED

 

Notes to the financial statements for the year ended 31 December 2006

 

 

	
       

       
	
      2006

      £000
	
      2005

      £000

	
      Authorised:
	
       
	
       

	
      100 ordinary shares of £1 each
	
      100
	
      100

	
       
	
       
	
       

	
      Issued:
	
       
	
       

	
      2 ordinary shares of £1 each
	
      2
	
      2

 

 

5. Related party transactions

 

There were no related party transactions during the year, or existing at the balance sheet date. 

 

 

Notes to the financial statements for the year ended 31 December 2006

 

 

6. Parent undertaking and controlling party

 

The Company’s immediate parent company is Holmes Holdings Limited.  Holmes Holdings Limited is owned by Wilmington Trust SP Services (London) Limited, a Company incorporated in Great Britain and registered in England and Wales, holding all of the shares in the Company (one jointly with M McDermott as nominee) as trustee under a discretionary charitable trust, dated 17 February 1999, for the benefit of nurses employed in the United Kingdom and for charitable purposes.

 

The administration, operations, accounting and financial reporting functions of the Company are performed by Abbey National plc, which is incorporated in Great Britain and registered in England and Wales. During the year, Abbey National plc has delegated administration and servicing functions in respect of the loans on behalf of the mortgages’ trustee and the beneficiaries to a service provider.

 

The Company meets the definition of a Special Purpose Entity and is therefore consolidated within the Abbey National plc group accounts.

 

The Company’s ultimate controlling party is Banco Santander Central Hispano, S.A., a Company incorporated in Spain. Banco Santander Central Hispano, S.A. is the controlling undertaking of the largest group of undertakings for which group accounts are drawn up.  Abbey National plc is the controlling undertaking of the smallest group of undertakings for which group accounts are drawn up.

 

Copies of all sets of group accounts, which include the results of the Company, are available from Abbey Secretariat, Abbey National House, 2 Triton Square, Regent’s Place, London, NW1 3AN.

 

 

9Exhibit 10.1

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

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

                                   PURCHASER,

                    JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

                                     SELLER

                        MORTGAGE LOAN PURCHASE AGREEMENT

                            Dated as of June 14, 2007

                                 $1,811,091,702

                            Fixed Rate Mortgage Loans

                               Series 2007-CIBC19

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

<PAGE>

               This Mortgage Loan Purchase Agreement (this "Agreement"), dated
as of June 14, 2007, is between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as purchaser (the "Purchaser"), and JPMorgan Chase Bank, National
Association, as seller ("JPMorgan" or the "Seller").

               Capitalized terms used in this Agreement not defined herein shall
have the meanings ascribed to them in the pooling and servicing agreement, dated
as of June 14, 2007 (the "Pooling and Servicing Agreement"), among the
Purchaser, as depositor (the "Depositor"), Capmark Finance Inc., as a master
servicer ("Capmark"), Wells Fargo Bank, N.A. ("Wells Fargo" and, together with
Capmark, the "Master Servicers"), LNR Partners, Inc., as special servicer (the
"Special Servicer") and LaSalle Bank National Association, as trustee (in such
capacity, the "Trustee") and as paying agent (in such capacity, the "Paying
Agent"), pursuant to which the Purchaser will sell the Mortgage Loans (as
defined herein) to a trust fund and certificates representing ownership
interests in the Mortgage Loans will be issued by the trust fund. For purposes
of this Agreement, the term "Mortgage Loans" refers to the mortgage loans listed
on Exhibit A and the term "Mortgaged Properties" refers to the properties
securing such Mortgage Loans.

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

               SECTION 1. Sale and Conveyance of Mortgages; Possession of
Mortgage File. Effective as of the Closing Date and upon receipt of the purchase
price set forth in the immediately succeeding paragraph, the Seller does hereby
sell, transfer, assign, set over and convey to the Purchaser, without recourse,
all of its right, title, and interest (subject to certain agreements regarding
servicing as provided in the Pooling and Servicing Agreement, subservicing
agreements permitted thereunder and that certain Servicing Rights Purchase
Agreement, dated as of the date hereof, between Capmark and the Seller) in and
to the Mortgage Loans described in Exhibit A, including all interest and
principal received on or with respect to the Mortgage Loans after the Cut-off
Date (other than payments of principal and interest first due on the Mortgage
Loans on or before the Cut-off Date). Upon the sale of the Mortgage Loans, the
ownership of each related Mortgage Note, the Mortgage and the other contents of
the related Mortgage File will be vested in the Purchaser and immediately
thereafter the Trustee and the ownership of records and documents with respect
to the related Mortgage Loan prepared by or which come into the possession of
the Seller (other than the records and documents described in the proviso to
Section 3(a) hereof) shall immediately vest in the Purchaser and immediately
thereafter the Trustee. The Seller's records will accurately reflect the sale of
each Mortgage Loan to the Purchaser. The Depositor will sell the Class A-1,
Class A-2, Class A-3, Class A-4, Class A-SB, Class A-1A, Class X, Class A-M,
Class A-J, Class B, Class C, Class D and Class E Certificates (the "Offered
Certificates") to the underwriters specified in the underwriting agreement,
dated June 5, 2007 (the "Underwriting Agreement"), between the Depositor and
J.P. Morgan Securities Inc. ("JPMSI") for itself and as representative of CIBC
World Markets Corp. ("CIBCWMC") and Bear, Stearns & Co. Inc. (together with
JPMSI and CIBCWMC, the "Underwriters"), and the Depositor will sell the Class F,
Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class P, Class Q
and Class NR Certificates (the "Private Certificates") to JPMSI, as the initial
purchaser (together with the Underwriters, the "Dealers") specified in the
certificate purchase agreement, dated June 5, 2007 (the "Certificate Purchase
Agreement"), between the Depositor and JPMSI.

               The sale and conveyance of the Mortgage Loans is being conducted
on an arms-length basis and upon commercially reasonable terms. As the purchase
price for the Mortgage Loans, the Purchaser shall pay to the Seller or at the
Seller's direction $1,814,794,484 (which amount is inclusive of accrued
interest) in immediately available funds minus the costs set forth in Section 9
hereof. The purchase and sale of the Mortgage Loans shall take place on the
Closing Date.

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

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

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

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

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

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

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

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

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

               (c) if, during such period of time after the first date of the
public offering of the Offered Certificates as in the opinion of counsel for the
Underwriters, a prospectus relating to the Offered Certificates is required by
applicable law to be delivered in connection with sales thereof by an
Underwriter or a dealer, any event shall occur as a result of which it is
necessary to amend or supplement the Prospectus Supplement, including Annex A-1,
A-2, A-3 and B thereto and the Diskette included therewith, with respect to any
information relating to the Mortgage Loans or the Seller, in order to make the
statements therein, in the light of the circumstances when the Prospectus
Supplement is delivered to a purchaser, not misleading, or if it is necessary to
amend or supplement the Prospectus Supplement, including Annex A-1, A-2, A-3 and
B thereto and the Diskette included therewith, with respect to any information
relating to the Mortgage Loans or the Seller, to comply with applicable law, the
Seller shall do all things necessary to assist the Depositor to prepare and
furnish, at the expense of the Seller (to the extent that such amendment or
supplement relates to the Seller, the Mortgage Loans listed on Exhibit A and/or
any information relating to the same, as provided by the Seller), to the
Underwriters such amendments or supplements to the Prospectus Supplement as may
be necessary, so that the statements in the Prospectus Supplement as so amended
or supplemented, including Annex A-1, A-2, A-3 and B thereto and the Diskette
included therewith, with respect to any information relating to the Mortgage
Loans or the Seller, will not, in the light of the circumstances when the
Prospectus is delivered to a purchaser, be misleading or so that the Prospectus
Supplement, including Annex A-1, A-2, A-3 and B thereto and the Diskette
included therewith, with respect to any information relating to the Mortgage
Loans or the Seller, will comply with applicable law. All terms used in this
clause (c) and not otherwise defined herein shall have the meaning set forth in
the Indemnification Agreement, dated as of June 5, 2007 between the Purchaser
and the Seller (the "Indemnification Agreement").

               SECTION 6. Representations and Warranties.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

               To the extent that the Seller is required to repurchase or
substitute for a Crossed Loan hereunder in the manner prescribed above while the
Trustee continues to hold any other Crossed Loans in such Crossed Group, neither
the Seller nor the Purchaser shall enforce any remedies against the other's
Primary Collateral, but each is permitted to exercise remedies against the
Primary Collateral securing its respective Crossed Loans, including with respect
to the Trustee, the Primary Collateral securing Crossed Loans still held by the
Trustee.

               If the exercise of remedies by one party would materially impair
the ability of the other party to exercise its remedies with respect to the
Primary Collateral securing the Crossed Loans held by such party, then the
Seller and the Purchaser shall forbear from exercising such remedies until the
Mortgage Loan documents evidencing and securing the relevant Crossed Loans can
be modified in a manner that complies with this Agreement to remove the threat
of material impairment as a result of the exercise of remedies or some other
accommodation can be reached. Any reserve or other cash collateral or letters of
credit securing the Crossed Loans shall be allocated between such Crossed Loans
in accordance with the Mortgage Loan documents, or otherwise on a pro rata basis
based upon their outstanding Stated Principal Balances. Notwithstanding the
foregoing, if a Crossed Loan included in the Trust Fund is modified to terminate
the related cross-collateralization and/or cross-default provisions, as a
condition to such modification, the Seller shall furnish to the Trustee an
Opinion of Counsel that any modification shall not cause an Adverse REMIC Event.
Any expenses incurred by the Purchaser in connection with such modification or
accommodation (including but not limited to recoverable attorney fees) shall be
paid by the Seller.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

                                   * * * * * *

<PAGE>

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

                                            J.P. MORGAN CHASE COMMERCIAL
                                                MORTGAGE SECURITIES CORP.

                                            By: /s/ Kunal K. Singh
                                               ---------------------------------
                                               Name:  Kunal K. Singh
                                               Title: Vice President

                                            JPMORGAN CHASE BANK, NATIONAL
                                              ASSOCIATION

                                            By: /s/ Kunal K. Singh
                                               ---------------------------------
                                               Name:  Kunal K. Singh
                                               Title: Vice President

<PAGE>

                                    EXHIBIT A

                             MORTGAGE LOAN SCHEDULE

         JPMCC 2007-CIBC19
         Mortgage Loan Schedule (Combined)
<TABLE>
<CAPTION>

Loan #   Mortgagor Name                                                           Property Address
------   ----------------------------------------------------------------------   -------------------------------------------------
<S>      <C>                                                                      <C>
     1   BP 599 Lexington Avenue LLC                                              599 Lexington Avenue
     2   Ramco Jacksonville LLC                                                   I-95 and Duval Road
     3   Sabre Headquarters, LLC                                                  3120 & 3150 Sabre Drive
     5   Cabot II-AZ1M01, LLC, Cabot II-GA1W10-W12, LLC, Cabot II-IN1W01,         Various
         LLC, Cabot II-IN1W02 & W03, LLC, Cabot II-KY1W02-W03, LLC, Cabot
         II-OH1M05, LLC, Cabot II-TN1W08, LLC, Cabot II-TN1W09, LLC, Cabot
         II-TN2M01, LLC, Cabot II-TX1B02, LP, Cabot II-TX1B03, LP
  5.01                                                                            245 Great Circle Road
  5.02                                                                            301 South Northpoint Drive
  5.03                                                                            488 South Royal Lane
  5.04                                                                            2900 Earhart Court
  5.05                                                                            720-760 Dearborn Park Lane
  5.06                                                                            3000 Earhart Court
  5.07                                                                            3401 West Papago
  5.08                                                                            5240 Panola Industrial Boulevard
  5.09                                                                            5430 GA Highway 85
   5.1                                                                            3845 Crowfarn Drive
  5.11                                                                            4287 Delp Street
  5.12                                                                            8813 Boehning Lane
  5.13                                                                            8829-8841 Boehning Lane
  5.14                                                                            5191 Snapfinger Woods Drive
  5.15                                                                            8740 Boehning Lane
     7   St. Julien Partners LLC                                                  900 Walnut Street
     9   Plymouth Meeting Crescent Hotel LP                                       640 West Germantown Pike
    10   Hunting Fox Associates III, L.P.                                         2450 West Hunting Park Avenue
    15   Cole MT Fairview Heights IL, LLC                                         5905 - 6115 North Illinios Street
    16   Art Mortgage Borrower Propco 2006-2 L.P., Art Mortgage Borrower Opco     Various
         2006-2 L.P.
 16.01                                                                            755 East 1700 South Street
 16.02                                                                            2641 Stephenson Drive
 16.03                                                                            720 West Juniper Street
 16.04                                                                            545 Radio Station Road
 16.05                                                                            10300 Southeast Third Street
 16.06                                                                            121 Roseway Drive
 16.07                                                                            1651 South Airport Road
 16.08                                                                            203 Industrial Boulevard
 16.09                                                                            264 Farrell Road
  16.1                                                                            1740 Westgate Parkway
 16.11                                                                            1524 Necedah Road
 16.12                                                                            660 Fifth Street
 16.13                                                                            231 Second Road North
 16.14                                                                            1440 Silverton Avenue
 16.15                                                                            2707 North Mead Street
 16.16                                                                            1634 Midland Boulevard
 16.17                                                                            1541 US Highway 41
 16.18                                                                            100 Widett Circle
 16.19                                                                            6875 State Street
  16.2                                                                            1115 West Rose Street
    17   Orchard Place L.L.C. & Orchard Place Retail, L.L.C                       4801-4869 Golf Road
    18   Pike Run II, LLC                                                         40 Pike Run Road
    20   WAOP Properties, LLC                                                     712 Boardman Poland Road and 377 Boardman
                                                                                  Poland Road
    21   Crossroads Mall Limited Partnership                                      200 Crossroads Mall
    22   Royal Oaks Plaza, Inc.                                                   15400-15544 Northwest 77th Court
    24   Country Lake Apartments, LLC; Walnut Creek Investment, LLC; Hamilton     Various
         Square Investment, LLC
 24.01                                                                            4600 Colter Drive
 24.02                                                                            9701 East 30th Street
 24.03                                                                            808 Clubhouse Drive West
    30   Park Contempo Ltd.                                                       4080 West First Street
    37   Del Prado Mobilehome Park, L.P.                                          1616 South Euclid Street
    38   Grove Hotel Group, Ltd.                                                  2800 Southwest 28th Terrace
    39   Titan R&D Louisville BR, LLC                                             163 Rochester Drive
    40   TCP Las Palmas Partners, Ltd.                                            803 Castroville Road
    42   RiverPark Six, LLC.                                                      10897 South River Front Parkway
    44   Springhill Apartments, LLC, Sandstone Apartments, LLC                    Various
 44.01                                                                            6495 Piping Rock Lane
 44.02                                                                            1039 Paz Drive North
    45   River Park Four, LLC                                                     10813 South River Front Parkway
    47   Airline Two, L.L.C.                                                      Various
 47.01                                                                            2282 East Bert Kouns Industrial Loop
 47.02                                                                            3990 Airline Drive
 47.03                                                                            411 East Bert Kouns Industrial Loop
    49   5th & G Plaza, Inc.                                                      400-430 G Street
    51   KWN River City Investments L.P.                                          950 West Shawnee Street
    52   Lenox Plaza, L.L.C.                                                      1750 Route 46
    59   Direct Invest-Delmar, LLC                                                Various
 59.01                                                                            1800 Ogletown Road
 59.02                                                                            6600 Cabot Drive
    60   Shady Oaks LLC                                                           5097 East Shady Oaks Road
    61   Chowder Apartments LP                                                    4700 South Rio Grande Avenue
    62   Beverly Hills Ice House Investments, L.P.                                9348 Civic Center Drive
    63   EWP-Kendall/Champaign, LLC                                               936 Waterview Way
    64   Malden Park Place Realty, LLC                                            66, 92, 108 Devir Street
    67   Haymarket Square Associates Limited Partnership                          1688-1742 Boston Road
    68   Braker Lane Crossing, L.P.                                               4501 West Braker Lane
    70   Osprey East Holdings MI, L.L.C., Osprey East Holdings MI-II, LLC         Various
 70.01                                                                            25250 Easy Street
 70.02                                                                            44830-44990 Vic Wertz Drive
 70.03                                                                            14116 - 14140 East 10 Mile Road
 70.04                                                                            5936 Ford Court
 70.05                                                                            44562 Morely Drive
 70.06                                                                            44675 Morley Drive
 70.07                                                                            44621 Morely Drive
 70.08                                                                            34575 Commerce
 70.09                                                                            18780 Kelly Court
  70.1                                                                            18810 Kelly Court
 70.11                                                                            44372 Reynolds Drive
 70.12                                                                            44360 Reynolds Drive
 70.13                                                                            33500 Kelly Road
    72   Foothills Vista LLC                                                      15210 & 15220 South 50th Street
    74   Town & Country MHC LLC                                                   815 East Oakton Street
    76   KAO Ivy Pointe, LLC                                                      4320 Ferguson Drive
    81   Pruit Holdings, LLC                                                      1620 14th Street
    82   Dengar Belt Limited Liability Limited Partnership                        4600 Powder Mill Road
    86   Farmington Estates LLC                                                   3308 Kehm Boulevard and Susan Circle Drive
    88   New Spring Office, LLC & NI Springville HQ, L.P.                         2089 West Neways Drive
    89   PVP Properties LP                                                        125 West Pleasant Valley Road
    90   York Creek #6, L.L.C.                                                    650 York Creek Drive Northwest
    93   Greenbriar Associates, L.L.C.                                            110 Falls Terrace
    94   AJD Investments Inc.                                                     Various
 94.01                                                                            840 East King Street
 94.02                                                                            818 East King Street
    95   Smithfield Plaza, LLC                                                    2175 Southeast Ocean Boulevard
    96   SG Temecula Properties, LLC                                              27660 Jefferson Avenue
    99   LSAC Orlando L.P.                                                        9200 SouthPark Center Loop
   101   Coral Hills Shopping Center Borrower Subsidiary LLC                      4775, 4805, 4807, 4813 & 4821 Marlboro Pike
   109   VG Conduit, LLC                                                          South Cherry Grove Avenue
   111   Marcus Whitman Hotel and Conference Center, L.L.C.                       6 West Rose Street
   114   Pleasant Valley MHC LLC                                                  2999 McCool Road
   116   2 Industrial Way Associates LLC                                          2 Industrial Way West
   117   Cole At Beaumont TX, LLC                                                 555 Main Street
   119   Mid America #V, LLC                                                      7919 Mid America Boulevard
   120   South Bay Hotels, LLC                                                    3800 & 3900 State Highway
   123   Merchant, LLC                                                            1370 Veteran's Parkway
   124   Midway Estates LLC                                                       3308 Kehm Boulevard
   125   Edgebrook LLC                                                            1801 DeKalb Avenue
   126   Kingsway Estates LLC                                                     38455 North Sheridan Road
   128   Brookmeadow Apartments #1, LLC                                           143 Brookmeadow North Lane Southwest
   129   Omaha Hotel Investors, LLC                                               7010 Hascall Street
   130   Haggerty Corridor Office Centre V, LLC                                   28125 Cabot Drive
   135   Maple Grove Estates LLC                                                  3800 Belvidere Road
   136   New Town Properties, LLC                                                 3236 Canal Street
   137   Shivam Hospitality Group, LLC                                            13801 U.S. Highway 1
   140   Puccio IV, LLC                                                           430 and 487 Market Street
   144   Shri Vinayak, L.L.C.                                                     5 North Pottstown Pike
   145   Shoreline Terrace LLC                                                    38569 - 38619 North Sheridan Road
   146   Brookwood Associates Limited Partnership                                 825 1st Avenue East
   149   Woodfield East #2, L.L.C.                                                6111 Woodfield Drive Southeast
   154   Pleasant Ridge LLC                                                       27W370 Geneva Road
   158   All Storage Trinity Precinct Associates, L.P.                            8850 Trinity Boulevard
   160   Peterson Sterling Garden Investors, LP                                   6609 & 6670 West Sam Houston Parkway South
   161   All Storage Kelly/Old Mill, L.P.                                         2640 Kelly Boulevard
   162   University Park at University Village, LLC                               1823 South River Road
   163   Valley Oaks LLC                                                          6208 Lawn Avenue
   164   South Carolina Hotel LLC                                                 4551 Highway 501
   168   Wilson Real Estate, L.L.C. & Wilson Real Estate II, LLC                  2150 and 2250 Butterfield Drive
   169   Lake Country Sub, L.L.C.                                                 5300 FM 1960 Road East
   170   RAIA Self Storage Montville, LLC                                         5 Change Bridge Road
   171   Wakefield Hotels, LLC                                                    11400 Common Oaks Drive
   172   Planet Blue, LP                                                          195 Industrial Boulevard
   174   Riddhi Siddhi Associates, L.L.C.                                         1000 Laurel Oak Road
   176   Wen-er Farms, LLC                                                        21045 Califa Street
   177   Bennett Center, LLC                                                      100-198 Camino Ruiz
   179   Hollywood Estates LLC                                                    144 Hollywood Boulevard
   180   Colonial Estates MHC LLC                                                 14139 Western Avenue
   183   Carriage Court Apartments, LLC                                           11580 Olde Gate Drive
   184   Leesport Acquisition, L.P.                                               5471 Pottsville Pike
   187   North Creek Company LLP                                                  7408 North Creek Drive
   188   South Loop Shopping Center, Ltd.                                         2600 & 2825 Thorton Lane
   190   ASSP, LLC                                                                3605 Fern Valley Road
   194   Sunny Acres Estates LLC                                                  200 Franklin Drive
   195   Timber Ridge Partnership, Ltd.                                           5920 Vermillion Street
   197   KG Hotel Partners, LLC                                                   350 Three Springs Drive
   198   V-Pickett, LLC                                                           801 South Pickett Street
   201   N & R Hotels, Inc.                                                       450 Jesse Jewell Parkway
   202   Brighton Associates, LLC, Bell Street Investment, LLC                    1550 Bell Street
   205   Beyerwood 95 Realty Associates, L.P.                                     1900 Nester Place
   206   Countryside/Fargo, Inc. and WRBCO, Inc.                                  Various
206.01                                                                            2400 5th Avenue South
206.02                                                                            1147 Rural Street
   209   Feathersound Development, L.C.                                           120 Carillon Parkway
   210   Narconia Realty, Inc., Lee Street Realty, Inc.                           109 Highland Avenue and 25-33 Lee Street
   211   HSE II Associates LLC                                                    9 Park Center Court
   212   Westdale Shopping Center, L.L.C.                                         3300 West Van Buren Avenue
   215   Kobymay Properties, LLC                                                  3046 Route 38 East
   216   GAC 1999, LLC                                                            140 Oakmont Drive
   217   Eastgate Commerce Center, LLC                                            4440 Glen Este Withamsville Road
   220   SWC Lebanon Properties, Ltd.                                             4783 Preston Road
   223   MTSH Realty Massena New York, LLC                                        251 Andrews Street
   224   II Planet Blue II, LP                                                    223 Old Jackson Road & 3895 Beaseley Road
   225   Redwood MHC LLC                                                          15242 East 1830 North Road
   226   3145 Rochambeau LLC                                                      3145 Rochambeau Avenue
   227   D.F. Nickerson, L.L.C.                                                   2010-2200 Freedom Road
   231   RH Associates, Inc.                                                      1001 Gibraltor Avenue North
   232   G.C. Inn, LLC                                                            1200 Cull Lane
   233   Garpointe Plaza, LLC                                                     39079 - 39131 Garfield Road
   234   Caribbean Development Company, L.L.C.                                    1302, 1306, 1310, 1314,1402, 1406, 1410, 1414
                                                                                  North Main Street
   235   Watkins Mesa, LLC                                                        6631 East Southern Avenue
   236   Hutch, Inc.                                                              448 California Street
   237   Sacramento Kettlemen, LLC, Kettleman Brad, LLC, Kettleman Frank,         2435-2445 West Kettleman Lane
         LLC, Kettleman Lahl, LLC
   239   Icon Industrial Park, LLC                                                44049-44175 Groesbeck Highway
   241   Oakbrook Station, LLC                                                    1720 Wildcat Boulevard South

<CAPTION>

Loan #   City                            State          Zip Code       County            Property Name
------   -----------------------------   ------------   ------------   ---------------   -----------------------------------
<S>      <C>                             <C>            <C>            <C>               <C>
     1   New York                        NY                    10022   New York          599 Lexington Avenue
     2   Jacksonville                    FL                    32218   Duval             River City Marketplace
     3   Southlake                       TX                    76092   Tarrant           Sabre Headquarters
     5   Various                         Various        Various        Various           Cabot Industrial Portfolio V
  5.01   Nashville                       TN                    37228   Davidson          245 Great Circle Road
  5.02   Coppell                         TX                    75019   Dallas            301 South Northpoint Drive
  5.03   Coppell                         TX                    75019   Dallas            488 South Royal Lane
  5.04   Hebron                          KY                    41048   Boone             2900 Earhart Court
  5.05   Columbus                        OH                    43085   Franklin          720-760 Dearborn Park Lane
  5.06   Hebron                          KY                    41048   Boone             3000 Earhart Court
  5.07   Phoenix                         AZ                    85009   Maricopa          3401 West Papago
  5.08   Decatur                         GA                    30035   Dekalb            5240 Panola Industrial Boulevard
  5.09   Forest Park                     GA                    30297   Clayton           5430 GA Highway 85
   5.1   Memphis                         TN                    38118   Shelby            3845 Crowfarn Drive
  5.11   Memphis                         TN                    38818   Shelby            4287 Delp Street
  5.12   Indianapolis                    IN                    46219   Marion            8813 Boehning Lane
  5.13   Indianapolis                    IN                    46219   Marion            8829-8841 Boehning Lane
  5.14   Decatur                         GA                    30035   Dekalb            5191 Snapfinger Woods Drive
  5.15   Indianapolis                    IN                    46219   Marion            8740 Boehning Lane
     7   Boulder                         CO                    80302   Boulder           St. Julien Hotel & Spa
     9   Plymouth Meeting                PA                    19462   Montgomery        Doubletree Guest Suites
    10   Philadelphia                    PA                    19129   Philadelphia      Temple U Health System Headquarters
    15   Fairview Heights                IL                    62208   Saint Clair       Lincoln Place Shopping Center
    16   Various                         Various        Various        Various           AmeriCold Portfolio
 16.01   Clearfield                      UT                    84015   Davis             Clearfield
 16.02   Murfreesboro                    TN                    37133   Rutherford        Murfreesboro
 16.03   Connell                         WA                    99326   Franklin          Connell
 16.04   Strasburg                       VA                    22657   Shenandoah        Strasburg
 16.05   Amarillo                        TX                    79118   Potter            Amarillo
 16.06   Thomasville                     GA                    31792   Thomas            Thomasville
 16.07   West Memphis                    AR                    72301   Crittenden        West Memphis
 16.08   Russellville                    AR                    72802   Pope              Russellville
 16.09   Syracuse                        NY                    13209   Onondaga          Syracuse
  16.1   Atlanta                         GA                    30336   Fulton            Atlanta
 16.11   Babcock                         WI                    54413   Wood              Babcock
 16.12   Turlock                         CA                    95380   Stanislaus        Turlock
 16.13   Nampa                           ID                    83687   Canyon            Nampa
 16.14   Woodburn                        OR                    97071   Marion            Woodburn
 16.15   Wichita                         KS                    67219   Sedgwick          Wichita
 16.16   Fort Smith                      AR                    72901   Sebastian         Fort Smith
 16.17   Sebree                          KY                    42455   Webster           Sebree
 16.18   Boston                          MA                    02118   Suffolk           Boston
 16.19   Bettendorf                      IA                    52722   Scott             Bettendorf
  16.2   Walla Walla                     WA                    99362   Walla Walla       Walla Walla
    17   Skokie                          IL                    60077   Cook              Orchard Place Shopping Center
    18   Belle Mead                      NJ                    08502   Somerset          Pike Run Village
    20   Boardman                        OH                    44512   Mahoning          The Shops at Boardman Park
    21   Bartonsville                    PA                    18321   Monroe            Crossroads Center
    22   Miami Lakes                     FL                    33016   Miami-Dade        Royal Oaks Plaza
    24   Various                         IN             Various        Various           Zidan-Springhill and Walnut Creek
 24.01   Kokomo                          IN                    46902   Howard            Walnut Creek
 24.02   Indianapolis                    IN                    46229   Marion            Country Lakes
 24.03   Westfield                       IN                    46074   Hamilton          Hamilton Square
    30   Santa Ana                       CA                    92703   Orange            Park Terrace
    37   Anaheim                         CA                    92802   Orange            Del Prado Anaheim
    38   Miami                           FL                    33133   Miami-Dade        Hampton Inn Coconut Grove
    39   Louisville                      KY                    40214   Jefferson         Airport Industrial Center
    40   San Antonio                     TX                    78237   Bexar             Las Palmas Shopping Center
    42   South Jordan                    UT                    84095   Salt Lake         River Park 6
    44   Various                         IN             Various        Various           Zidan/Van Rooy Apartment Portfolio
 44.01   Indianapolis                    IN                    46254   Marion            Springhill
 44.02   Greenwood                       IN                    46142   Johnson           Sandstone
    45   South Jordan                    UT                    84095   Salt Lake         River Park
    47   Various                         LA             Various        Various           Shreveport Storage Portfolio
 47.01   Shreveport                      LA                    71105   Caddo             EBK
 47.02   Bossier City                    LA                    71111   Bossier           Airline
 47.03   Shreveport                      LA                    71106   Caddo             I-49
    49   Davis                           CA                    95616   Yolo              5th & G Plaza
    51   Muskogee                        OK                    74401   Muskogee          River City Plaza Shopping Center
    52   West Paterson                   NJ                    07424   Passaic           Lenox Plaza Shopping Center
    59   Various                         Various        Various        Various           Invesco Portfolio
 59.01   Newark                          DE                    19711   New Castle        1800 Ogletown Road
 59.02   Curtis Bay                      MD                    21226   Anne Arundel      6600 Cabot Drive
    60   Minooka                         IL                    60447   Grundy            Shady Oaks
    61   Orlando                         FL                    32839   Orange            Chowder Bay Apartments
    62   Beverly Hills                   CA                    90210   Los Angeles       Beverly Hills Ice House
    63   Champaign                       IL                    61822   Champaign         Water's Edge Apartments
    64   Malden                          MA                    02148   Middlesex         Park Place Apartments
    67   Springfield                     MA                    01129   Hampden           Haymarket Square
    68   Austin                          TX                    78759   Travis            Braker Lane Crossing
    70   Various                         MI             Various        Various           Osprey Portfolio - Michigan
 70.01   Warren                          MI                    48089   Macomb            25250 Easy Street
 70.02   Clinton Township                MI                    48036   Macomb            44830-44990 Vic Wertz
 70.03   Warren                          MI                    48089   Macomb            Ten Mile Buildings
 70.04   Brighton                        MI                    48116   Livingston        5936 Ford Court
 70.05   Clinton Township                MI                    48036   Macomb            44562 Morely Drive
 70.06   Clinton Township                MI                    48036   Macomb            44675 Morley Drive
 70.07   Clinton Township                MI                    48036   Macomb            44621 Morely Drive
 70.08   Fraser                          MI                    48026   Macomb            34575 Commerce
 70.09   Clinton Township                MI                    48035   Macomb            18780 Kelly Court
  70.1   Clinton Township                MI                    48035   Macomb            18810 Kelly Court
 70.11   Clinton Township                MI                    48036   Macomb            44372 Reynolds Drive
 70.12   Clinton Township                MI                    48036   Macomb            44360 Reynolds Drive
 70.13   Clinton Township                MI                    48035   Macomb            33500 Kelly Road
    72   Phoenix                         AZ                    85044   Maricopa          Foothills Vista Tech Center
    74   Des Plaines                     IL                    60018   Cook              Town & Country
    76   Cincinnati                      OH                    45245   Clermont          Total Quality Logistics
    81   Santa Monica                    CA                    90404   Los Angeles       DL Storage
    82   Beltsville                      MD                    20705   Prince Georges    4600 Powder Mill Road
    86   Park City                       IL                    60085   Lake              Farmington Estates
    88   Springville                     UT                    84663   Utah              Neways Office Building
    89   Oxnard                          CA                    93033   Ventura           Pleasant Valley Plaza
    90   Comstock Park                   MI                    49321   Kent              York
    93   Watertown                       CT                    06779   Litchfield        Greenbriar Hills Apartments
    94   Boone                           NC                    28607   Watuaga           Country Inn & Best Western
 94.01   Boone                           NC                    28607   Watuaga           Best Western - Blue Ridge
 94.02   Boone                           NC                    28607   Watuaga           Country Inn & Suites
    95   Stuart                          FL                    34996   Martin            Smithfield Plaza
    96   Temecula                        CA                    92590   Riverside         Holiday Inn Express - Temecula
    99   Orlando                         FL                    32819   Orange            Corinthian Colleges
   101   Capitol Heights                 MD                    20743   Prince George's   Coral Hills Shopping Center
   109   Annapolis                       MD                    21401   Anne Arundel      Village Greens of Annapolis
   111   Walla Walla                     WA                    99362   Walla Walla       Marcus Whitman Hotel
   114   Portage                         IN                    46368   Porter            Pleasant Valley
   116   Eatontown                       NJ                    07724   Monmouth          Meridian Center I
   117   Beaumont                        TX                    77701   Jefferson         AT&T Beaumont Call Centre
   119   Oklahoma City                   OK                    73135   Oklahoma          Mid America V
   120   Eastham                         MA                    02642   Barnstable        Sheraton Four Points & Ocean Park
   123   Clarksville                     IN                    47129   Clark             Veteran's Parkway
   124   Park City                       IL                    60085   Lake              Midway Estates
   125   Sycamore                        IL                    60178   Dekalb            Edgebrook
   126   Beach Park                      IL                    60087   Lake              Kingsway Estates
   128   Grandville                      MI                    49418   Ottawa            Brookmeadow
   129   Omaha                           NE                    68106   Douglas           Homewood Suites - Omaha
   130   Novi                            MI                    48377   Oakland           Haggerty Corridor Office
   135   Park City                       IL                    60085   Lake              Maple Grove Estates
   136   Saint Charles                   MO                    63301   Saint Charles     New Town Properties
   137   Juno Beach                      FL                    33408   Palm Beach        Hampton Inn Juno Beach
   140   Elmwood Park and Saddlebrook    NJ             07407, 07663   Bergen            430/487 Market Street
   144   Exton                           PA                    19341   Chester           Fairfield Inn LN
   145   Beach Park                      IL                    60099   Lake              Shoreline Terrace
   146   West Fargo                      ND                    58078   Cass              Brookwood MHC
   149   Grand Rapids                    MI                    49548   Kent              Woodfield
   154   West Chicago                    IL                    60185   Dupage            Pleasant Ridge
   158   Fort Worth                      TX                    76118   Tarrant           All Storage Trinity Precinct
   160   Houston                         TX                    77072   Harris            Sterling Plaza
   161   Carrollton                      TX                    75007   Dallas            All Storage Kelly Old Mill
   162   Westville                       IN                    46391   La Porte          University Park Apartments Purdue
   163   La Grange                       IL                    60525   Cook              Valley Oaks
   164   Myrtle Beach                    SC                    29579   Horry             Hampton Inn - Myrtle Beach
   168   Troy                            MI                    48084   Oakland           2150/2250 Butterfield
   169   Humble                          TX                    77346   Harris            Lake Country Plaza
   170   Montville                       NJ                    07045   Morris            Raia Self Storage - Montville LLC
   171   Raleigh                         NC                    27614   Wake              Holiday Inn Express - Wakefield
   172   Madison                         MS                    39110   Madison           Promax Logistics
   174   Voorhees                        NJ                    08043   Camden            Wingate Inn
   176   Woodland Hills                  CA                    91367   Los Angeles       C.M. Meiers Co.
   177   Camarillo                       CA                    93012   Ventura           Bennett Center
   179   Anderson                        IN                    46016   Madison           Hollywood Estates
   180   Blue Island                     IL                    60406   Cook              Colonial Estates
   183   Springdale                      OH                    45246   Hamilton          Carriage Court Apartments
   184   Leesport                        PA                    19533   Berks             Redners Market - Reading, PA
   187   Lakeville                       MN                    55024   Dakota            North Creek MHC
   188   Temple                          TX                    76502   Bell              South Loop Shopping Center
   190   Louisville                      KY                    40219   Jefferson         All Star Signature Properties
   194   Monteno                         IL                    60950   Kankakee          Sunny Acres Estates
   195   Fort Worth                      TX                    76119   Tarrant           Timber Ridge Apartments
   197   Weirton                         WV                    26062   Brooke            Holiday Inn - Weirton
   198   Alexandria                      VA                    22304   Alexandria City   The Examiner Building
   201   Gainesville                     GA                    30501   Hall              Hampton Inn - Gainesville
   202   Amarillo                        TX                    79106   Potter            Brighton Court Apartments
   205   Philadelphia                    PA                    19115   Philadelphia      Beyerwood Apartments
   206   Various                         Various        Various        Various           Countryside Portfolio
206.01   Fargo                           ND                    58103   Cass              Countryside
206.02   Aurora                          IL                    60505   Kane              WRBCO Inc
   209   Saint Petersburg                FL                    33716   Pinellas          Feathersound Publix
   210   Somerville, Cambridge           MA             02143, 02139   Middlesex         109 Highland Avenue
   211   Owings Mills                    MD                    21117   Baltimore         9 Park Center Court
   212   Phoenix                         AZ                    85009   Maricopa          Westdale Shopping Center
   215   Mount Laurel                    NJ                    08054   Burlington        Walgreens - Mt. Laurel, NJ
   216   Greenville                      NC                    27858   Pitt              Gold's Gym - Greenville
   217   Cincinnati                      OH                    45245   Clermont          Eastgate Commerce Center
   220   Frisco                          TX                    75034   Collin            4783 Preston Road
   223   Massena                         NY                    13662   St. Lawrence      Regency Apartments
   224   Madison                         MS                    39110   Madison           Autrans USA
   225   Pontiac                         IL                    61764   Livingston        Redwood
   226   Bronx                           NY                    10467   Bronx             3145 Rochambeau Avenue
   227   Trinidad                        CO                    81082   Las Animas        Trinidad Plaza
   231   Fargo                           ND                    58102   Cass              Riviera Heights MHC
   232   Dry Ridge                       KY                    41035   Grant             Hampton Inn Dry Ridge
   233   Clinton Township                MI                    48038   Macomb            Garpointe Plaza
   234   Webb City                       MO                    64870   Jasper            Village at Wingfield Apartments
   235   Mesa                            AZ                    85206   Maricopa          Office Max - Mesa, AZ
   236   Hutchinson                      MN                    55350   McLeod            Country Club Terrace MHC
   237   Lodi                            CA                    95242   San Joaquin       2435-2445 West Kettleman Lane
   239   Clinton Township                MI                    48036   Macomb            ICON
   241   Burlington                      KY                    41005   Boone             Oakbrook Station

<CAPTION>

                                                     Net Mortgage                                                          Maturity/
Loan #   Size      Measure       Interest Rate (%)   Interest Rate   Original Balance   Cutoff Balance   Term   Rem. Term  ARD Date
------   -------   -----------   -----------------   -------------   ----------------   --------------   ----   ---------  ---------
<S>      <C>       <C>           <C>                 <C>             <C>                <C>              <C>    <C>        <C>
     1   1030309   Square Feet             5.49300         5.47237        225,000,000      225,000,000    120         117  03/01/17
     2    559796   Square Feet             5.43550         5.41487        110,000,000      110,000,000    120         118  04/01/17
     3    473940   Square Feet             5.79850         5.77787         85,000,000       85,000,000    120         118  04/01/17
     5   1918201   Square Feet             5.71400         5.69337         60,000,000       60,000,000    120         118  04/01/17
  5.01    578918   Square Feet             5.71400                         16,234,000       16,234,000    120         118  04/01/17
  5.02    308000   Square Feet             5.71400                          9,224,000        9,224,000    120         118  04/01/17
  5.03    208800   Square Feet             5.71400                          6,530,000        6,530,000    120         118  04/01/17
  5.04     81003   Square Feet             5.71400                          3,616,000        3,616,000    120         118  04/01/17
  5.05    107450   Square Feet             5.71400                          3,449,000        3,449,000    120         118  04/01/17
  5.06     69888   Square Feet             5.71400                          3,210,000        3,210,000    120         118  04/01/17
  5.07     88488   Square Feet             5.71400                          3,018,000        3,018,000    120         118  04/01/17
  5.08     63488   Square Feet             5.71400                          2,656,000        2,656,000    120         118  04/01/17
  5.09     23460   Square Feet             5.71400                          2,214,000        2,214,000    120         118  04/01/17
   5.1    105785   Square Feet             5.71400                          1,992,000        1,992,000    120         118  04/01/17
  5.11    102000   Square Feet             5.71400                          1,918,000        1,918,000    120         118  04/01/17
  5.12     53812   Square Feet             5.71400                          1,771,000        1,771,000    120         118  04/01/17
  5.13     46617   Square Feet             5.71400                          1,512,000        1,512,000    120         118  04/01/17
  5.14     39692   Square Feet             5.71400                          1,402,000        1,402,000    120         118  04/01/17
  5.15     40800   Square Feet             5.71400                          1,254,000        1,254,000    120         118  04/01/17
     7       201   Rooms                   5.67450         5.65387         45,000,000       45,000,000    120         118  04/01/17
     9       253   Rooms                   5.60250         5.55687         39,800,000       39,800,000    120         120  06/01/17
    10    265634   Square Feet             5.74350         5.72287         38,000,000       38,000,000    120         119  05/01/17
    15    184656   Square Feet             5.69550         5.67487         35,432,000       35,432,000    120         119  05/01/17
    16   5489325   Square Feet             5.39600         5.37537         35,000,000       35,000,000    109         104  02/01/16
 16.01    455227   Square Feet             5.39600                          4,384,000        4,384,000    109         104  02/01/16
 16.02    226423   Square Feet             5.39600                          3,240,000        3,240,000    109         104  02/01/16
 16.03    299776   Square Feet             5.39600                          2,941,400        2,941,400    109         104  02/01/16
 16.04    243170   Square Feet             5.39600                          2,760,000        2,760,000    109         104  02/01/16
 16.05    163796   Square Feet             5.39600                          2,494,800        2,494,800    109         104  02/01/16
 16.06    252419   Square Feet             5.39600                          2,186,800        2,186,800    109         104  02/01/16
 16.07    252075   Square Feet             5.39600                          1,909,600        1,909,600    109         104  02/01/16
 16.08    270772   Square Feet             5.39600                          1,886,500        1,886,500    109         104  02/01/16
 16.09    573183   Square Feet             5.39600                          1,617,000        1,617,000    109         104  02/01/16
  16.1    431369   Square Feet             5.39600                          1,520,000        1,520,000    109         104  02/01/16
 16.11    127260   Square Feet             5.39600                          1,493,800        1,493,800    109         104  02/01/16
 16.12    188734   Square Feet             5.39600                          1,475,100        1,475,100    109         104  02/01/16
 16.13    458518   Square Feet             5.39600                          1,278,200        1,278,200    109         104  02/01/16
 16.14    327601   Square Feet             5.39600                          1,178,100        1,178,100    109         104  02/01/16
 16.15    168007   Square Feet             5.39600                          1,062,600        1,062,600    109         104  02/01/16
 16.16    118003   Square Feet             5.39600                            876,000          876,000    109         104  02/01/16
 16.17    111499   Square Feet             5.39600                            870,100          870,100    109         104  02/01/16
 16.18    260356   Square Feet             5.39600                            685,000          685,000    109         104  02/01/16
 16.19    398223   Square Feet             5.39600                            660,000          660,000    109         104  02/01/16
  16.2    162914   Square Feet             5.39600                            481,000          481,000    109         104  02/01/16
    17     89346   Square Feet             5.73440         5.71377         35,000,000       35,000,000    120         118  04/01/17
    18       530   Units                   5.60400         5.58337         35,000,000       34,846,323    120         118  04/01/17
    20    198496   Square Feet             5.69500         5.67437         31,200,000       31,200,000    120         120  06/01/17
    21    243669   Square Feet             5.77250         5.75187         31,000,000       31,000,000    120         120  06/01/17
    22    165142   Square Feet             5.69000         5.66937         30,500,000       30,500,000    120         119  05/01/17
    24       626   Units                   5.59000         5.56937         29,200,000       29,200,000    120         117  03/01/17
 24.01       240   Units                   5.59000                         10,300,000       10,300,000    120         117  03/01/17
 24.02       184   Units                   5.59000                         10,100,000       10,100,000    120         117  03/01/17
 24.03       202   Units                   5.59000                          8,800,000        8,800,000    120         117  03/01/17
    30       191   Pads                    5.61500         5.59437         26,480,000       26,480,000    120         119  05/01/17
    37       130   Pads                    5.61500         5.59437         21,350,000       21,350,000    120         119  05/01/17
    38       136   Rooms                   5.96350         5.85287         21,300,000       21,300,000    120         117  03/01/17
    39   1093510   Square Feet             5.97600         5.95537         21,000,000       21,000,000    120         113  11/01/16
    40    226769   Square Feet             5.62150         5.60087         21,000,000       21,000,000    120         119  05/01/17
    42    130225   Square Feet             5.52000         5.49937         19,600,000       19,572,570    120         119  05/01/17
    44       488   Units                   5.59000         5.56937         19,100,000       19,100,000    120         117  03/01/17
 44.01       304   Units                   5.59000                         10,900,000       10,900,000    120         117  03/01/17
 44.02       184   Units                   5.59000                          8,200,000        8,200,000    120         117  03/01/17
    45    130225   Square Feet             5.52000         5.49937         19,100,000       19,073,270    120         119  05/01/17
    47      2635   Units                   5.66750         5.64687         18,500,000       18,483,293    120         119  05/01/17
 47.01       977   Units                   5.66750                          6,600,000        6,594,040    120         119  05/01/17
 47.02       824   Units                   5.66750                          6,000,000        5,994,582    120         119  05/01/17
 47.03       834   Units                   5.66750                          5,900,000        5,894,672    120         119  05/01/17
    49     94399   Square Feet             6.14200         6.12137         17,600,000       17,600,000    120         118  04/01/17
    51    135266   Square Feet             5.79200         5.70137         16,750,000       16,750,000    120         119  05/01/17
    52     49370   Square Feet             5.79950         5.77887         16,550,000       16,550,000    120         119  05/01/17
    59    414225   Square Feet             5.66300         5.64237         15,800,000       15,800,000    120         115  01/01/17
 59.01    261729   Square Feet             5.66300                          9,200,000        9,200,000    120         115  01/01/17
 59.02    152496   Square Feet             5.66300                          6,600,000        6,600,000    120         115  01/01/17
    60       364   Pads                    5.79120         5.77057         15,200,000       15,200,000    120         118  04/01/17
    61       304   Units                   5.57700         5.55637         15,200,000       15,200,000    120         118  04/01/17
    62     44673   Square Feet             5.68400         5.66337         15,000,000       15,000,000    120         119  05/01/17
    63       200   Units                   5.77400         5.71337         15,000,000       15,000,000    120         118  04/01/17
    64       118   Units                   5.95500         5.93437         15,000,000       15,000,000    120         118  04/01/17
    67    136487   Square Feet             5.69150         5.67087         14,700,000       14,700,000    120         119  05/01/17
    68    108312   Square Feet             5.90000         5.87937         14,400,000       14,387,748    120         119  05/01/17
    70    376038   Square Feet             5.61600         5.59537         14,172,000       14,172,000    120         118  04/01/17
 70.01     97422   Square Feet             5.61600                          3,280,000        3,280,000    120         118  04/01/17
 70.02     43460   Square Feet             5.61600                          1,840,000        1,840,000    120         118  04/01/17
 70.03     56138   Square Feet             5.61600                          1,760,000        1,760,000    120         118  04/01/17
 70.04     40790   Square Feet             5.61600                          1,360,000        1,360,000    120         118  04/01/17
 70.05     28280   Square Feet             5.61600                          1,208,000        1,208,000    120         118  04/01/17
 70.06     22280   Square Feet             5.61600                          1,048,000        1,048,000    120         118  04/01/17
 70.07     20980   Square Feet             5.61600                            872,000          872,000    120         118  04/01/17
 70.08     14688   Square Feet             5.61600                            592,000          592,000    120         118  04/01/17
 70.09     13300   Square Feet             5.61600                            568,000          568,000    120         118  04/01/17
  70.1     12230   Square Feet             5.61600                            520,000          520,000    120         118  04/01/17
 70.11     10000   Square Feet             5.61600                            432,000          432,000    120         118  04/01/17
 70.12      8970   Square Feet             5.61600                            384,000          384,000    120         118  04/01/17
 70.13      7500   Square Feet             5.61600                            308,000          308,000    120         118  04/01/17
    72     96911   Square Feet             5.65800         5.63737         13,500,000       13,500,000    120         117  03/01/17
    74       309   Pads                    5.79120         5.77057         13,280,000       13,280,000    120         118  04/01/17
    76     95833   Square Feet             6.53100         6.51037         13,140,000       13,124,921    120         119  05/01/17
    81      1050   Units                   5.68150         5.66087         12,500,000       12,500,000    120         118  04/01/17
    82    126243   Square Feet             5.72650         5.65587         12,500,000       12,500,000    120         119  05/01/17
    86       225   Pads                    5.79120         5.77057         11,704,000       11,704,000    120         118  04/01/17
    88     84511   Square Feet             5.93200         5.86137         11,550,000       11,518,703    120         117  03/01/17
    89     80915   Square Feet             5.89700         5.87637         11,500,000       11,500,000    120         120  06/01/17
    90       312   Units                   5.85000         5.82937         11,500,000       11,500,000    120         117  03/01/17
    93       182   Units                   5.84350         5.82287         11,000,000       11,000,000    120         117  03/01/17
    94       141   Rooms                   5.87000         5.77937         10,500,000       10,500,000    120         120  06/01/17
 94.01        73   Rooms                   5.87000                          5,250,000        5,250,000    120         120  06/01/17
 94.02        68   Rooms                   5.87000                          5,250,000        5,250,000    120         120  06/01/17
    95     72910   Square Feet             5.91600         5.89537         10,250,000       10,250,000    120         120  06/01/17
    96        90   Rooms                   5.74160         5.72097         10,230,000       10,230,000    120         118  04/01/17
    99     59927   Square Feet             5.72150         5.65087          9,975,000        9,975,000    120         116  02/01/17
   101     79400   Square Feet             5.73000         5.66937          9,800,000        9,800,000    120         120  06/01/17
   109     35617   Square Feet             5.62700         5.56637          9,100,000        9,100,000    120         118  04/01/17
   111        91   Rooms                   5.59950         5.57887          9,000,000        8,982,017    120         118  04/01/17
   114       328   Pads                    5.79120         5.77057          8,648,000        8,648,000    120         118  04/01/17
   116     59665   Square Feet             5.67000         5.64937          8,600,000        8,600,000    120         120  06/01/17
   117    141525   Square Feet             5.87400         5.85337          8,592,000        8,592,000    120         118  04/01/17
   119     83773   Square Feet             5.70150         5.68087          8,350,000        8,350,000    120         118  04/01/17
   120       161   Rooms                   6.13050         6.10987          8,300,000        8,300,000    120         120  06/01/17
   123     40000   Square Feet             5.96900         5.90837          8,135,000        8,135,000    120         119  05/01/17
   124       194   Pads                    5.79120         5.77057          8,120,000        8,120,000    120         118  04/01/17
   125       247   Pads                    5.79120         5.77057          8,120,000        8,120,000    120         118  04/01/17
   126       193   Pads                    5.79120         5.77057          8,000,000        8,000,000    120         118  04/01/17
   128       212   Units                   5.85000         5.82937          7,800,000        7,800,000    120         117  03/01/17
   129       108   Rooms                   5.87750         5.85687          7,750,000        7,743,368    120         119  05/01/17
   130     62200   Square Feet             5.86050         5.83987          7,600,000        7,600,000    120         118  04/01/17
   135       216   Pads                    5.79120         5.77057          7,300,000        7,300,000    120         118  04/01/17
   136        66   Units                   5.60200         5.58137          7,168,000        7,168,000    120         119  05/01/17
   137        90   Rooms                   5.45800         5.38737          7,000,000        7,000,000    120         119  05/01/17
   140     40523   Square Feet             5.73100         5.71037          7,000,000        6,993,780    120         119  05/01/17
   144       104   Rooms                   5.75800         5.73737          6,600,000        6,600,000    120         117  03/01/17
   145       168   Pads                    5.82120         5.80057          6,560,000        6,560,000    120         118  04/01/17
   146       380   Pads                    5.62900         5.60837          6,500,000        6,500,000    120         118  04/01/17
   149       168   Units                   5.85000         5.82937          6,400,000        6,400,000    120         117  03/01/17
   154       142   Pads                    5.79120         5.77057          6,230,000        6,230,000    120         118  04/01/17
   158       637   Units                   5.54900         5.52837          6,050,000        6,044,371    120         119  05/01/17
   160     30000   Square Feet             5.90000         5.78937          5,900,000        5,900,000    120         115  01/01/17
   161       684   Units                   5.54900         5.52837          5,880,000        5,874,529    120         119  05/01/17
   162        64   Units                   5.62600         5.56537          5,800,000        5,800,000    120         118  04/01/17
   163       132   Pads                    5.79120         5.77057          5,680,000        5,680,000    120         118  04/01/17
   164        80   Rooms                   5.81930         5.72867          5,650,000        5,645,091    120         119  05/01/17
   168     53535   Square Feet             5.80250         5.73187          5,592,000        5,587,121    120         119  05/01/17
   169    151239   Square Feet             5.89250         5.87187          5,600,000        5,567,286    120         114  12/01/16
   170       793   Units                   5.78450         5.76387          5,500,000        5,500,000    120         118  04/01/17
   171        94   Rooms                   5.53550         5.51487          5,500,000        5,492,325    120         119  05/01/17
   172    200783   Square Feet             5.89400         5.87337          5,500,000        5,477,464    120         116  02/01/17
   174        80   Rooms                   5.77150         5.75087          5,400,000        5,400,000    120         117  03/01/17
   176     24240   Square Feet             5.86700         5.84637          5,400,000        5,389,824    144         142  04/01/19
   177     81986   Square Feet             5.60200         5.58137          5,400,000        5,384,211    120         117  03/01/17
   179       242   Pads                    5.78120         5.76057          5,360,000        5,360,000    120         118  04/01/17
   180       183   Pads                    5.79120         5.77057          5,280,000        5,280,000    120         118  04/01/17
   183       120   Units                   5.62500         5.55437          5,200,000        5,200,000    120         118  04/01/17
   184     52763   Square Feet             5.76000         5.69937          5,200,000        5,200,000    120         118  04/01/17
   187       165   Pads                    5.64900         5.62837          5,000,000        5,000,000    120         118  04/01/17
   188     89743   Square Feet             5.67400         5.65337          4,900,000        4,900,000    120         120  06/01/17
   190     30050   Square Feet             6.04200         6.02137          4,800,000        4,783,282    120         118  04/01/17
   194       188   Pads                    5.79120         5.77057          4,650,000        4,650,000    120         118  04/01/17
   195       212   Units                   5.74500         5.72437          4,600,000        4,600,000    120         119  05/01/17
   197       118   Rooms                   5.73550         5.71487          4,500,000        4,500,000    120         120  06/01/17
   198     42304   Square Feet             5.70800         5.68737          4,500,000        4,500,000    120         118  04/01/17
   201        74   Rooms                   5.75300         5.66237          4,500,000        4,493,975    120         119  05/01/17
   202       168   Units                   5.82600         5.80537          4,400,000        4,400,000    120         119  05/01/17
   205       100   Units                   5.60400         5.58337          4,250,000        4,250,000    120         118  04/01/17
   206       276   Pads                    5.62900         5.60837          4,200,000        4,200,000    120         118  04/01/17
206.01       205   Pads                    5.62900                          2,850,000        2,850,000    120         118  04/01/17
206.02        71   Pads                    5.62900                          1,350,000        1,350,000    120         118  04/01/17
   209     28800   Square Feet             5.63600         5.61537          4,150,000        4,146,222    120         119  05/01/17
   210        71   Units                   5.79150         5.77087          4,100,000        4,100,000    120         118  04/01/17
   211     38000   Square Feet             5.80100         5.78037          4,000,000        4,000,000    120         118  04/01/17
   212    157376   Square Feet             5.64100         5.62037          4,000,000        4,000,000    120         120  06/01/17
   215    216765   Square Feet             6.00000         5.97937          4,000,000        3,994,895    120         119  05/01/17
   216     40000   Square Feet             5.66000         5.63937          4,000,000        3,992,112    120         118  04/01/17
   217     54581   Square Feet             5.76700         5.74637          4,000,000        3,988,647    120         118  04/01/17
   220     22290   Square Feet             5.78050         5.75987          3,800,000        3,789,334    120         117  03/01/17
   223        88   Units                   5.92200         5.90137          3,500,000        3,500,000    120         118  04/01/17
   224    152000   Square Feet             5.89400         5.87337          3,500,000        3,485,659    120         116  02/01/17
   225       361   Pads/Units              5.79120         5.77057          3,472,000        3,472,000    120         118  04/01/17
   226        47   Units                   5.56700         5.54637          3,440,000        3,440,000    120         117  03/01/17
   227     57248   Square Feet             5.83360         5.75297          3,320,000        3,320,000    120         117  03/01/17
   231       163   Pads                    5.63900         5.61837          3,000,000        3,000,000    120         118  04/01/17
   232        62   Rooms                   6.10650         6.03587          3,000,000        2,992,199    120         117  03/01/17
   233     28257   Square Feet             5.69800         5.67737          3,000,000        2,991,418    120         117  03/01/17
   234        64   Units                   6.08650         6.06587          2,912,000        2,904,392    120         117  03/01/17
   235     23500   Square Feet             5.69000         5.66937          2,850,000        2,850,000    120         119  05/01/17
   236       213   Pads                    5.62900         5.60837          2,600,000        2,600,000    120         118  04/01/17
   237      9009   Square Feet             5.79300         5.77237          2,575,000        2,575,000    120         119  05/01/17
   239     91740   Square Feet             5.69800         5.67737          2,325,000        2,318,349    120         117  03/01/17
   241     14410   Square Feet             5.92950         5.81887          2,150,000        2,150,000    120         118  04/01/17

<CAPTION>

                                     Monthly Debt
Loan #   Amort. Term   Rem. Amort.   Service        Servicing Fee Rate   Accrual Type   ARD (Y/N)   ARD Step Up (%)   Title Type
------   -----------   -----------   ------------   ------------------   ------------   ---------   ---------------   -------------
<S>      <C>           <C>           <C>            <C>                  <C>            <C>         <C>               <C>
     1             0             0      1,044,242              0.02000   Actual/360     No                            Fee
     2             0             0        505,174              0.02000   Actual/360     No                            Fee
     3           360           360        498,659              0.02000   Actual/360     No                            Fee
     5             0             0        289,668              0.02000   Actual/360     No                            Fee
  5.01             0             0                                       Actual/360     No                            Fee
  5.02             0             0                                       Actual/360     No                            Fee
  5.03             0             0                                       Actual/360     No                            Fee
  5.04             0             0                                       Actual/360     No                            Fee
  5.05             0             0                                       Actual/360     No                            Fee
  5.06             0             0                                       Actual/360     No                            Fee
  5.07             0             0                                       Actual/360     No                            Fee
  5.08             0             0                                       Actual/360     No                            Fee
  5.09             0             0                                       Actual/360     No                            Fee
   5.1             0             0                                       Actual/360     No                            Fee
  5.11             0             0                                       Actual/360     No                            Fee
  5.12             0             0                                       Actual/360     No                            Fee
  5.13             0             0                                       Actual/360     No                            Fee
  5.14             0             0                                       Actual/360     No                            Fee
  5.15             0             0                                       Actual/360     No                            Fee
     7           360           360        260,453              0.02000   Actual/360     No                            Fee/Leasehold
     9           360           360        228,546              0.04500   Actual/360     No                            Fee
    10           360           360        221,601              0.02000   Actual/360     No                            Fee
    15             0             0        170,505              0.02000   Actual/360     No                            Fee
    16             0             0        159,569              0.02000   Actual/360     No                            Fee
 16.01             0             0                                       Actual/360     No                            Fee
 16.02             0             0                                       Actual/360     No                            Fee
 16.03             0             0                                       Actual/360     No                            Fee
 16.04             0             0                                       Actual/360     No                            Fee
 16.05             0             0                                       Actual/360     No                            Fee
 16.06             0             0                                       Actual/360     No                            Fee
 16.07             0             0                                       Actual/360     No                            Fee
 16.08             0             0                                       Actual/360     No                            Fee
 16.09             0             0                                       Actual/360     No                            Fee
  16.1             0             0                                       Actual/360     No                            Fee
 16.11             0             0                                       Actual/360     No                            Fee
 16.12             0             0                                       Actual/360     No                            Fee
 16.13             0             0                                       Actual/360     No                            Fee
 16.14             0             0                                       Actual/360     No                            Fee
 16.15             0             0                                       Actual/360     No                            Fee
 16.16             0             0                                       Actual/360     No                            Fee
 16.17             0             0                                       Actual/360     No                            Fee
 16.18             0             0                                       Actual/360     No                            Fee
 16.19             0             0                                       Actual/360     No                            Fee
  16.2             0             0                                       Actual/360     No                            Fee
    17             0             0        169,576              0.02000   Actual/360     No                            Fee
    18           240           238        242,821              0.02000   Actual/360     No                            Fee
    20             0             0        150,127              0.02000   Actual/360     No                            Fee
    21             0             0        151,194              0.02000   Actual/360     No                            Fee
    22           360           360        176,829              0.02000   Actual/360     No                            Fee
    24           360           360        167,447              0.02000   Actual/360     No                            Fee
 24.01           360           360                                       Actual/360     No                            Fee
 24.02           360           360                                       Actual/360     No                            Fee
 24.03           360           360                                       Actual/360     No                            Fee
    30             0             0        125,625              0.02000   Actual/360     No                            Fee
    37             0             0        101,288              0.02000   Actual/360     No                            Fee/Leasehold
    38           360           360        127,205              0.11000   Actual/360     No                            Fee
    39           360           360        125,582              0.02000   Actual/360     No                            Leasehold
    40             0             0         99,743              0.02000   Actual/360     No                            Fee
    42           300           299        120,595              0.02000   Actual/360     No                            Fee
    44           360           360        109,529              0.02000   Actual/360     No                            Fee
 44.01           360           360                                       Actual/360     No                            Fee
 44.02           360           360                                       Actual/360     No                            Fee
    45           300           299        117,519              0.02000   Actual/360     No                            Fee
    47           360           359        106,993              0.02000   Actual/360     No                            Fee
 47.01           360           359                                       Actual/360     No                            Fee
 47.02           360           359                                       Actual/360     No                            Fee
 47.03           360           359                                       Actual/360     No                            Fee
    49           360           360        107,133              0.02000   Actual/360     No                            Fee
    51             0             0         81,970              0.09000   Actual/360     No                            Fee
    52             0             0         81,096              0.02000   Actual/360     No                            Fee
    59           360           360         91,333              0.02000   Actual/360     No                            Fee
 59.01           360           360                                       Actual/360     No                            Fee
 59.02           360           360                                       Actual/360     No                            Fee
    60             0             0         74,374              0.02000   Actual/360     No                            Fee
    61             0             0         71,623              0.02000   Actual/360     No                            Fee
    62           360           360         86,908              0.02000   Actual/360     No                            Fee
    63             0             0         73,177              0.06000   Actual/360     No                            Fee
    64           360           360         89,499              0.02000   30/360         No                            Fee
    67           360           360         85,240              0.02000   Actual/360     No                            Fee
    68           360           359         85,412              0.02000   Actual/360     No                            Leasehold
    70             0             0         67,246              0.02000   Actual/360     No                            Fee
 70.01             0             0                                       Actual/360     No                            Fee
 70.02             0             0                                       Actual/360     No                            Fee
 70.03             0             0                                       Actual/360     No                            Fee
 70.04             0             0                                       Actual/360     No                            Fee
 70.05             0             0                                       Actual/360     No                            Fee
 70.06             0             0                                       Actual/360     No                            Fee
 70.07             0             0                                       Actual/360     No                            Fee
 70.08             0             0                                       Actual/360     No                            Fee
 70.09             0             0                                       Actual/360     No                            Fee
  70.1             0             0                                       Actual/360     No                            Fee
 70.11             0             0                                       Actual/360     No                            Fee
 70.12             0             0                                       Actual/360     No                            Fee
 70.13             0             0                                       Actual/360     No                            Fee
    72             0             0         64,537              0.02000   Actual/360     No                            Fee
    74             0             0         64,979              0.02000   Actual/360     No                            Fee
    76           300           299         88,977              0.02000   Actual/360     No                            Fee
    81           360           360         72,404              0.02000   Actual/360     No                            Fee
    82           360           360         72,760              0.07000   Actual/360     No                            Fee
    86             0             0         57,268              0.02000   Actual/360     No                            Fee
    88           360           357         68,744              0.07000   Actual/360     No                            Fee
    89           360           360         68,189              0.02000   Actual/360     No                            Fee
    90           360           360         67,843              0.02000   Actual/360     No                            Fee
    93           360           360         64,848              0.02000   Actual/360     No                            Fee
    94           300           300         66,820              0.09000   Actual/360     No                            Fee
 94.01           300           300                                       Actual/360     No                            Fee
 94.02           300           300                                       Actual/360     No                            Fee
    95           360           360         60,901              0.02000   Actual/360     No                            Fee
    96           360           360         59,645              0.02000   Actual/360     No                            Fee
    99           360           360         58,031              0.07000   Actual/360     No                            Fee
   101           360           360         57,066              0.06000   Actual/360     No                            Fee
   109           360           360         52,396              0.06000   Actual/360     No                            Fee
   111           360           358         51,664              0.02000   Actual/360     No                            Fee
   114             0             0         42,315              0.02000   Actual/360     No                            Fee
   116           360           360         49,751              0.02000   Actual/360     No                            Fee
   117             0             0         42,642              0.02000   Actual/360     No                            Fee
   119           360           360         48,471              0.02000   Actual/360     No                            Fee
   120           360           360         50,461              0.02000   Actual/360     No                            Fee
   123           360           360         48,611              0.06000   Actual/360     No                            Fee
   124             0             0         39,731              0.02000   Actual/360     No                            Fee
   125             0             0         39,731              0.02000   Actual/360     No                            Fee
   126             0             0         39,144              0.02000   Actual/360     No                            Fee
   128           360           360         46,015              0.02000   Actual/360     No                            Fee
   129           360           359         45,857              0.02000   Actual/360     No                            Fee
   130           360           360         44,886              0.02000   Actual/360     No                            Fee
   135             0             0         35,719              0.02000   Actual/360     No                            Fee
   136           360           360         41,159              0.02000   Actual/360     No                            Fee
   137             0             0         32,281              0.07000   Actual/360     No                            Fee
   140           360           359         40,766              0.02000   Actual/360     No                            Fee
   144             0             0         32,109              0.02000   Actual/360     No                            Fee
   145             0             0         32,265              0.02000   Actual/360     No                            Fee
   146             0             0         30,914              0.02000   Actual/360     No                            Fee
   149           360           360         37,756              0.02000   Actual/360     No                            Fee
   154             0             0         30,484              0.02000   Actual/360     No                            Fee
   158           360           359         34,537              0.02000   Actual/360     No                            Fee
   160           360           360         34,995              0.11000   Actual/360     No                            Fee
   161           360           359         33,567              0.02000   Actual/360     No                            Fee
   162           360           360         33,392              0.06000   Actual/360     No                            Fee
   163             0             0         27,792              0.02000   Actual/360     No                            Fee
   164           360           359         33,221              0.09000   Actual/360     No                            Fee
   168           360           359         32,820              0.07000   Actual/360     No                            Fee
   169           360           354         33,189              0.02000   Actual/360     No                            Fee
   170           300           300         34,716              0.02000   Actual/360     No                            Fee
   171           300           299         33,892              0.02000   Actual/360     No                            Fee
   172           360           356         32,601              0.02000   Actual/360     No                            Fee
   174           360           360         31,587              0.02000   Actual/360     No                            Fee
   176           360           358         31,915              0.02000   Actual/360     No                            Fee
   177           360           357         31,007              0.02000   Actual/360     No                            Fee
   179             0             0         26,181              0.02000   Actual/360     No                            Fee
   180             0             0         25,835              0.02000   Actual/360     No                            Fee
   183           360           360         29,934              0.07000   Actual/360     No                            Fee
   184           360           360         30,379              0.06000   Actual/360     No                            Fee
   187             0             0         23,864              0.02000   Actual/360     No                            Fee
   188           360           360         28,359              0.02000   Actual/360     No                            Fee
   190           264           262         32,907              0.02000   Actual/360     No                            Fee
   194             0             0         22,753              0.02000   Actual/360     No                            Fee
   195           360           360         26,830              0.02000   Actual/360     No                            Fee
   197           360           360         26,219              0.02000   Actual/360     No                            Fee
   198             0             0         21,702              0.02000   Actual/360     No                            Fee
   201           300           299         28,318              0.09000   Actual/360     No                            Fee
   202           360           360         25,890              0.02000   Actual/360     No                            Fee
   205           360           360         24,409              0.02000   Actual/360     No                            Fee
   206             0             0         19,975              0.02000   Actual/360     No                            Fee
206.01             0             0                                       Actual/360     No                            Fee
206.02             0             0                                       Actual/360     No                            Fee
   209           360           359         23,919              0.02000   Actual/360     No                            Fee
   210           360           360         24,035              0.02000   30/360         No                            Fee
   211           360           360         23,473              0.02000   Actual/360     No                            Fee
   212           360           360         23,067              0.02000   Actual/360     No                            Fee
   215           300           299         25,772              0.02000   Actual/360     No                            Fee
   216           360           358         23,115              0.02000   Actual/360     No                            Fee
   217           300           298         25,205              0.02000   Actual/360     No                            Fee
   220           360           357         22,249              0.02000   Actual/360     No                            Fee
   223           360           360         20,809              0.02000   Actual/360     No                            Fee
   224           360           356         20,746              0.02000   Actual/360     No                            Fee
   225             0             0         16,989              0.02000   Actual/360     No                            Fee
   226           360           360         19,677              0.02000   Actual/360     No                            Fee
   227           360           360         19,551              0.08000   Actual/360     No                            Fee
   231             0             0         14,293              0.02000   Actual/360     No                            Fee
   232           360           357         18,192              0.07000   Actual/360     No                            Fee
   233           360           357         17,408              0.02000   Actual/360     No                            Fee
   234           360           357         17,621              0.02000   Actual/360     No                            Fee
   235           360           360         16,523              0.02000   Actual/360     No                            Fee
   236             0             0         12,366              0.02000   Actual/360     No                            Fee
   237           360           360         15,097              0.02000   Actual/360     No                            Fee
   239           360           357         13,491              0.02000   Actual/360     No                            Fee
   241           360           360         12,793              0.11000   Actual/360     No                            Fee

<CAPTION>

                         Originator/Loan
Loan #   Crossed Loan    Seller             Guarantor
------   ------------    ---------------   ------------------------------------------------------------------------------
<S>      <C>             <C>               <C>
     1                         JPMCB        Boston Properties Limited Partnership
     2                         JPMCB        Ramco-Gershenson Properties L.P.
     3                         JPMCB        Sabre Inc.
     5                         JPMCB        Cabot Industrial Value Fund II Operating Partnership, L.P.
  5.01                         JPMCB
  5.02                         JPMCB
  5.03                         JPMCB
  5.04                         JPMCB
  5.05                         JPMCB
  5.06                         JPMCB
  5.07                         JPMCB
  5.08                         JPMCB
  5.09                         JPMCB
   5.1                         JPMCB
  5.11                         JPMCB
  5.12                         JPMCB
  5.13                         JPMCB
  5.14                         JPMCB
  5.15                         JPMCB
     7                         JPMCB        Union Leasing Corp.
     9                         JPMCB        The LCP Group, L.P., Crescent Hotels & Resorts, LLC
    10                         JPMCB        Michael O'Neill, Nimish Sanghrajka, Erik Kolar
    15                         JPMCB        Cole Operating Partnership II, LP
    16                         JPMCB        Americold Realty Trust
 16.01                         JPMCB
 16.02                         JPMCB
 16.03                         JPMCB
 16.04                         JPMCB
 16.05                         JPMCB
 16.06                         JPMCB
 16.07                         JPMCB
 16.08                         JPMCB
 16.09                         JPMCB
  16.1                         JPMCB
 16.11                         JPMCB
 16.12                         JPMCB
 16.13                         JPMCB
 16.14                         JPMCB
 16.15                         JPMCB
 16.16                         JPMCB
 16.17                         JPMCB
 16.18                         JPMCB
 16.19                         JPMCB
  16.2                         JPMCB
    17                         JPMCB        Mitchell L. Saywitz
    18                         JPMCB        David Halpern and Henry Stein
    20                         JPMCB        David L. Handel, Michael J. Morley, Charles N. Bishara
    21                         JPMCB        John Fasciano, Jeffrey N. Feinberg,Albert Nocciollino
    22                         JPMCB        Alicia E. Nevarez, Ricardo A. Nevarez
    24                         JPMCB        Raed I. Qadorh Zidan and Hani I. Qaddoura Zidan
 24.01                         JPMCB
 24.02                         JPMCB
 24.03                         JPMCB
    30                         JPMCB        Jeffrey A. Kaplan, Thomas T. Tatum
    37                         JPMCB        Thomas T. Tatum
    38                         JPMCB        Bernard Wolfson
    39                         JPMCB        Titan Research & Development Louisville LLC
    40                         JPMCB        Robert B. Neely
    42                         JPMCB        William H. Child, Jeffrey C. Flamm, David S. Layton
    44                         JPMCB        Raed I. Qadorh Zidan, Hani I. Qaddoura Zidan
 44.01                         JPMCB
 44.02                         JPMCB
    45                         JPMCB        William H. Child, Jeffrey C. Flamm, David S. Layton
    47                         JPMCB        Marshall F. Graham, Orville D. Cox, George Lukacs
 47.01                         JPMCB
 47.02                         JPMCB
 47.03                         JPMCB
    49                         JPMCB        H. James Griggs, Dean F. Unger, Robert H. Schneider, Virginia Thigpen, Martin
                                            Sublett, Randolph Yackzan and Lynne Yackzan
    51                         JPMCB        James W. Dill
    52                         JPMCB        John Azarian
    59                         JPMCB        Richard R. Previdi, William F. Rand, III, John O. Graham
 59.01                         JPMCB
 59.02                         JPMCB
    60         A               JPMCB        Edward C. Zeman
    61                         JPMCB        Joseph Kazarnovsky and Ralph Rieder
    62                         JPMCB        Michael S. Ovitz, Ronald M. Meyer
    63                         JPMCB        Mark A. Englert
    64                         JPMCB        Philip J. Privitera
    67                         JPMCB        Leo Shapiro
    68                         JPMCB        Sheldon David Kahn
    70                         JPMCB        Osprey East, A Webber/Osprey Joint Venture, L.L.C.
 70.01                         JPMCB
 70.02                         JPMCB
 70.03                         JPMCB
 70.04                         JPMCB
 70.05                         JPMCB
 70.06                         JPMCB
 70.07                         JPMCB
 70.08                         JPMCB
 70.09                         JPMCB
  70.1                         JPMCB
 70.11                         JPMCB
 70.12                         JPMCB
 70.13                         JPMCB
    72                         JPMCB        Harry J. O'Donnell, Mariette E. O'Donnell
    74         B               JPMCB        Edward C. Zeman
    76                         JPMCB        Kenneth G. Oaks
    81                         JPMCB        Donald A. Pruit
    82                         JPMCB        Dennis Berman
    86         C               JPMCB        Edward C. Zeman
    88                         JPMCB        New Office Holdings, LP
    89                         JPMCB        Kamran Farhadi
    90         D               JPMCB        Daniel Hbma, Paul A. Land and Roger Lucas
    93                         JPMCB        Michael Belfonti
    94                         JPMCB        Ashok Patel
 94.01                         JPMCB
 94.02                         JPMCB
    95                         JPMCB        Daniel E. Sharkey, George H. Rittersbach, Jr., W. Edward Wengler,
                                            Rene M. Loyola, S. Scott Tapper
    96                         JPMCB        Sabri T. Salim
    99                         JPMCB        Lexington Strategic Asset Corp.
   101                         JPMCB        Kevin M. Sills
   109                         JPMCB        Kenneth F. Morrell and Jane Morrell
   111                         JPMCB        Kyle W. Mussman
   114         B               JPMCB        Edward C. Zeman
   116                         JPMCB        Eric Phillips, Gary B. Rafaloff, Robert C. Kautz, Frederic Gross
   117                         JPMCB        Cole Operating Partnership II, LP
   119                         JPMCB        B. Burk Collins
   120                         JPMCB        Lawrence Kasser, Christopher Gistis
   123                         JPMCB        Darren J. Kady, Deborah A. Kady
   124         A               JPMCB        Edward C. Zeman
   125         A               JPMCB        Edward C. Zeman
   126         C               JPMCB        Edward C. Zeman
   128         D               JPMCB        Daniel Hibma, Paul A. Land and Roger Lucas
   129                         JPMCB        Matthew R. Studer, Peter L. Coratola, Fred Graft, Ernie Malas
   130                         JPMCB        Neil J. Sosin
   135         C               JPMCB        Edward C. Zeman
   136                         JPMCB        Gregory G. Whittaker
   137                         JPMCB        Suman R. Patel
   140                         JPMCB        Girolamo Puccio
   144                         JPMCB        Bharat Khatiwala
   145         A               JPMCB        Edward C. Zeman
   146                         JPMCB        William R. Block
   149         D               JPMCB        Daniel Hibma, Paul A. Land and Roger Lucas
   154         C               JPMCB        Edward C. Zeman
   158                         JPMCB        Mike Schuminsky
   160                         JPMCB        Wellington D. Yu
   161                         JPMCB        Mike Schuminsky
   162                         JPMCB        Harlan Snyder, Joann Snyder, James Combs and Victoria Combs
   163         B               JPMCB        Edward C. Zeman
   164                         JPMCB        W. David Hill, Jack H. Bishop
   168                         JPMCB        Terrence M. Meter, David E. Wilson, Robert A. Wilson
   169                         JPMCB        Richard Erenberg, Douglas E. Engel
   170                         JPMCB        Joseph S. Raia, Lawrence A. Raia, Samuel S. Raia
   171                         JPMCB        Nutan T. Shah, W. Harold Perry
   172         E               JPMCB        Philip Cascio
   174                         JPMCB        Bharat Khatiwala
   176                         JPMCB        Herbert H. Rothman
   177                         JPMCB        Charlotte Brown
   179                         JPMCB        Edward C. Zeman
   180         B               JPMCB        Edward C. Zeman
   183                         JPMCB        Christopher Dobbs Ackermann; Thomas J. Ackermann; Thomas B. Ackermann
   184                         JPMCB        Daniel Massry
   187                         JPMCB        William R. Block
   188                         JPMCB        Mike Schuminsky
   190                         JPMCB        John. L. Koetter and Kenneth L. Huber
   194         B               JPMCB        Edward C. Zeman
   195                         JPMCB        Dziem Nguyen
   197                         JPMCB        Lawrence Kasser, Christopher Gistis
   198                         JPMCB        V-Pickett, LLC
   201                         JPMCB        Ranjit K. Patel, Ritesh R. Patel, Aneesh R. Patel
   202                         JPMCB        Marc A. Harvey
   205                         JPMCB        Yisroel Y. Kreiser
   206                         JPMCB        William  R. Block
206.01                         JPMCB
206.02                         JPMCB
   209                         JPMCB        James J. White
   210                         JPMCB        Philip J. Privitera
   211                         JPMCB        James Michael Abrams, Joseph M. Migliara and Harris Kaplan
   212                         JPMCB        Wayne Perkins
   215                         JPMCB        Kwabena Adjei
   216                         JPMCB        John M. Kane
   217                         JPMCB        Gregory K. Crowell
   220                         JPMCB        Karen E. Wunderlick, Janetta S. Richey, Thomas R. Lamphere
   223                         JPMCB        Martin Tauber
   224         E               JPMCB        Philip Cascio
   225         C               JPMCB        Edward C. Zeman
   226                         JPMCB        Sean P. Ludwick and Daniel Ford
   227                         JPMCB        Darrel F. Nickerson III
   231                         JPMCB        William  R. Block
   232                         JPMCB        Michael T. Brandy
   233                         JPMCB        Benedetto Sorrentino
   234                         JPMCB        Thomas A. Berger, Mary C. Berger
   235                         JPMCB        Lawrence A. Watkins
   236                         JPMCB        William R. Block
   237                         JPMCB        William T. Mitchell, Brad Smith, Frank Smith and William Lahl
   239                         JPMCB        Benedetto Sorrentino
   241                         JPMCB        Michael P. Ziegler

<CAPTION>

                      UPFRONT ESCROW
                      -------------------------------------------------------------------------------------------------------------

          Letter of    Upfront         Upfront Eng.   Upfront           Upfront TI/LC   Upfront RE Tax  Upfront Ins.  Upfront Other
Loan #    Credit       CapEx Reserve   Reserve        Envir. Reserve    Reserve         Reserve         Reserve       Reserve
------    ----------   -------------   ------------   --------------    -------------   --------------  -----------   -------------
<S>       <C>          <C>             <C>            <C>               <C>             <C>             <C>           <C>
     1            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
     2    18,729,158            0.00           0.00             0.00             0.00             0.00         0.00            0.00
     3            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
     5            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
  5.01
  5.02
  5.03
  5.04
  5.05
  5.06
  5.07
  5.08
  5.09
   5.1
  5.11
  5.12
  5.13
  5.14
  5.15
     7            No            0.00           0.00             0.00             0.00        55,752.79    38,426.33            0.00
     9            No            0.00      94,375.00             0.00             0.00       375,365.25   147,309.25    3,316,000.00
    10            No            0.00     161,346.00             0.00             0.00         7,989.50    55,210.00    4,560,435.00
    15            No            0.00           0.00             0.00             0.00       347,233.33    44,947.65            0.00
    16            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
 16.01
 16.02
 16.03
 16.04
 16.05
 16.06
 16.07
 16.08
 16.09
  16.1
 16.11
 16.12
 16.13
 16.14
 16.15
 16.16
 16.17
 16.18
 16.19
  16.2
    17            No            0.00   2,000,000.00             0.00             0.00             0.00         0.00            0.00
    18            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
    20            No            0.00           0.00             0.00             0.00       130,246.96    10,900.00            0.00
    21       497,000            0.00           0.00             0.00             0.00             0.00         0.00      305,000.00
    22            No      257,700.00       8,750.00             0.00             0.00        74,033.09   207,700.86            0.00
    24            No            0.00           0.00             0.00             0.00       207,209.63    96,326.25            0.00
 24.01
 24.02
 24.03
    30            No            0.00           0.00             0.00             0.00        16,897.72         0.00            0.00
    37            No            0.00           0.00             0.00             0.00        13,351.97         0.00            0.00
    38            No            0.00           0.00             0.00             0.00        87,005.30         0.00            0.00
    39            No            0.00     192,500.00             0.00     1,000,000.00             0.00   167,467.50       46,000.00
    40            No            0.00           0.00             0.00       200,000.00       116,207.79    59,960.16            0.00
    42            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
    44            No            0.00           0.00             0.00             0.00        94,081.72    61,375.50            0.00
 44.01
 44.02
    45            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
    47            No            0.00           0.00             0.00             0.00        63,802.63    14,928.50            0.00
 47.01
 47.02
 47.03
    49            No        6,875.00           0.00             0.00             0.00             0.00    18,030.00            0.00
    51       425,000            0.00      75,000.00             0.00             0.00        27,152.08     4,602.66            0.00
    52            No            0.00           0.00       200,000.00             0.00             0.00         0.00      275,000.00
    59            No      662,650.00           0.00             0.00       787,350.00        69,137.39    11,489.33            0.00
 59.01
 59.02
    60       469,875            0.00           0.00             0.00             0.00             0.00         0.00            0.00
    61            No            0.00      10,000.00             0.00             0.00        96,460.11    55,869.93            0.00
    62            No            0.00       2,500.00             0.00             0.00        10,794.00    17,906.00            0.00
    63            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
    64            No            0.00           0.00             0.00             0.00        10,180.27     5,439.17            0.00
    67            No    1,000,000.00           0.00             0.00             0.00        87,952.28     6,716.67            0.00
    68            No            0.00           0.00             0.00             0.00        94,943.09     8,214.00            0.00
    70            No            0.00           0.00             0.00             0.00        94,846.92         0.00            0.00
 70.01
 70.02
 70.03
 70.04
 70.05
 70.06
 70.07
 70.08
 70.09
  70.1
 70.11
 70.12
 70.13
    72       400,000            0.00           0.00             0.00       400,000.00        19,411.57         0.00       30,000.00
    74       822,500            0.00           0.00             0.00             0.00             0.00         0.00            0.00
    76            No            0.00           0.00             0.00             0.00        61,009.17     3,233.67            0.00
    81            No            0.00           0.00             0.00             0.00         3,011.00     1,621.71            0.00
    82            No            0.00           0.00             0.00       400,000.00       115,088.08    72,635.00            0.00
    86       712,875            0.00           0.00             0.00             0.00             0.00         0.00            0.00
    88            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
    89            No            0.00      19,968.75             0.00             0.00             0.00         0.00            0.00
    90            No            0.00           0.00             0.00             0.00       115,893.74     7,484.75            0.00
    93            No            0.00           0.00             0.00             0.00        41,170.00    32,092.67            0.00
    94            No      225,000.00           0.00             0.00             0.00        27,644.75    15,793.50            0.00
 94.01
 94.02
    95            No            0.00     337,500.00             0.00             0.00        98,291.88    30,265.17      238,000.00
    96            No            0.00       1,875.00             0.00             0.00         7,116.00     6,683.25            0.00
    99            No            0.00      12,500.00             0.00             0.00             0.00         0.00            0.00
   101            No            0.00     207,500.00             0.00             0.00        90,980.96    19,945.83            0.00
   109            No            0.00           0.00             0.00             0.00        64,282.50         0.00            0.00
   111            No            0.00           0.00             0.00             0.00        28,905.24    48,511.00            0.00
   114       822,500            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   116       150,000            0.00           0.00             0.00             0.00        20,481.41     2,159.00            0.00
   117            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   119            No            0.00           0.00             0.00             0.00        15,290.64    13,530.00            0.00
   120            No            0.00   1,190,011.25             0.00             0.00         6,738.38    15,221.67      106,666.70
   123            No            0.00           0.00             0.00             0.00        16,666.67       652.33       52,809.33
   124       469,875            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   125       469,875            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   126       712,875            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   128            No            0.00           0.00             0.00             0.00        76,615.93     5,151.75            0.00
   129            No            0.00           0.00             0.00             0.00        47,898.50    20,000.00            0.00
   130            No            0.00           0.00             0.00             0.00        81,512.49     1,548.17      256,000.00
   135       712,875            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   136            No            0.00           0.00             0.00             0.00        42,433.50     5,367.75            0.00
   137            No            0.00       5,250.00             0.00             0.00        75,150.96   139,491.55            0.00
   140            No            0.00           0.00             0.00             0.00        11,355.08    20,158.67            0.00
   144            No            0.00           0.00             0.00             0.00        48,253.54    15,999.33            0.00
   145       469,875            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   146            No            0.00           0.00             0.00             0.00        30,695.26     1,887.00            0.00
   149            No            0.00           0.00             0.00             0.00        58,217.33     3,857.75            0.00
   154       712,875            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   158            No            0.00           0.00             0.00             0.00        41,450.00     2,008.00            0.00
   160            No            0.00           0.00             0.00             0.00        33,248.33     6,115.00      554,762.00
   161            No            0.00           0.00             0.00             0.00        38,916.67     1,930.25            0.00
   162       800,000            0.00           0.00             0.00             0.00        30,800.00     7,552.10       45,600.00
   163       822,500            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   164            No            0.00      16,250.00             0.00             0.00        19,216.81    37,034.17       22,000.00
   168            No            0.00           0.00             0.00             0.00       112,540.64     3,922.33       46,282.00
   169            No            0.00           0.00             0.00       150,000.00       145,399.58     3,935.25            0.00
   170            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   171            No            0.00           0.00             0.00             0.00        34,557.09    24,684.75            0.00
   172            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   174            No            0.00           0.00             0.00             0.00         6,307.78    11,636.67            0.00
   176            No            0.00           0.00             0.00             0.00         4,359.98         0.00            0.00
   177            No            0.00      11,391.25             0.00             0.00             0.00         0.00            0.00
   179            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   180       822,500            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   183            No            0.00           0.00             0.00             0.00        42,329.99         0.00      122,800.00
   184            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   187            No            0.00           0.00             0.00             0.00        40,573.44       758.33            0.00
   188            No            0.00      10,187.50             0.00       100,000.00        34,253.75    11,543.00            0.00
   190            No            0.00           0.00             0.00             0.00        25,077.94       435.25            0.00
   194       822,500            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   195            No            0.00      85,275.00             0.00             0.00        63,203.56    27,574.38       30,000.00
   197            No      211,503.00     176,487.00             0.00             0.00        18,134.50     5,909.17            0.00
   198            No            0.00     125,000.00             0.00             0.00        17,800.00         0.00            0.00
   201            No            0.00           0.00             0.00             0.00        19,992.55    16,233.00            0.00
   202            No            0.00      42,566.25             0.00             0.00             0.00         0.00            0.00
   205            No            0.00           0.00             0.00             0.00        17,241.86    13,178.97            0.00
   206            No            0.00           0.00         6,000.00             0.00        25,443.71     1,138.83            0.00
206.01
206.02
   209            No            0.00           0.00             0.00             0.00             0.00     9,908.36            0.00
   210            No            0.00           0.00             0.00             0.00         6,222.44     3,968.50            0.00
   211            No            0.00           0.00             0.00             0.00        46,057.00     2,156.75            0.00
   212            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   215            No            0.00      32,220.00             0.00             0.00         3,903.85         0.00            0.00
   216            No            0.00           0.00             0.00             0.00        20,534.23         0.00            0.00
   217       150,000            0.00           0.00             0.00             0.00        28,500.32     6,172.83            0.00
   220            No            0.00       3,750.00             0.00        39,800.00        20,297.50     2,757.33            0.00
   223            No            0.00           0.00             0.00             0.00        21,126.17     4,930.04            0.00
   224            No            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   225       712,875            0.00           0.00             0.00             0.00             0.00         0.00            0.00
   226            No       50,000.00      23,375.00             0.00             0.00        15,808.52    13,766.67            0.00
   227            No            0.00     115,000.00             0.00             0.00         1,500.00       696.92            0.00
   231            No            0.00           0.00             0.00             0.00         8,993.47       701.25            0.00
   232            No            0.00           0.00             0.00             0.00         8,043.65     8,375.00       17,500.00
   233        80,000            0.00           0.00             0.00             0.00        10,533.40     2,129.00            0.00
   234            No            0.00           0.00             0.00             0.00         8,374.17     9,636.67            0.00
   235            No            0.00       1,125.00             0.00             0.00             0.00         0.00            0.00
   236            No            0.00           0.00             0.00             0.00        12,987.52       498.83            0.00
   237            No        5,375.00           0.00             0.00             0.00         2,768.00       347.00            0.00
   239       125,000            0.00           0.00             0.00             0.00        30,813.55     4,219.67            0.00
   241            No            0.00           0.00             0.00             0.00         2,104.96     3,291.75            0.00

<CAPTION>

             MONTHLY ESCROW
         ---------------------------------------------------------------------------------------

                         Monthly
         Monthly Capex   Envir.    Monthly TI/LC   Monthly RE Tax   Monthly Ins.   Monthly Other                  Lockbox
Loan #   Reserve         Reserve   Reserve         Reserve          Reserve        Reserve         Grace Period   In-place
------   -------------   -------   -------------   --------------   ------------   -------------   ------------   --------
<S>      <C>             <C>       <C>             <C>              <C>            <C>             <C>            <C>
     1            0.00      0.00            0.00             0.00           0.00            0.00              0   Yes
     2            0.00      0.00            0.00             0.00           0.00            0.00              5   Yes
     3            0.00      0.00            0.00             0.00           0.00            0.00              7   Yes
     5            0.00      0.00            0.00             0.00           0.00            0.00              0   No
  5.01                                                                                                        0
  5.02                                                                                                        0
  5.03                                                                                                        0
  5.04                                                                                                        0
  5.05                                                                                                        0
  5.06                                                                                                        0
  5.07                                                                                                        0
  5.08                                                                                                        0
  5.09                                                                                                        0
   5.1                                                                                                        0
  5.11                                                                                                        0
  5.12                                                                                                        0
  5.13                                                                                                        0
  5.14                                                                                                        0
  5.15                                                                                                        0
     7        61170.00      0.00            0.00         55752.79        9606.58            0.00              5   Yes
     9        45479.08      0.00            0.00         41707.25       12809.50            0.00              5   Yes
    10         4427.25      0.00            0.00          2663.17        5521.00            0.00              7   Yes
    15         1474.54      0.00        11660.00         31566.67        4086.15            0.00              8   No
    16            0.00      0.00            0.00             0.00           0.00            0.00              5   Yes
 16.01                                                                                                        5
 16.02                                                                                                        5
 16.03                                                                                                        5
 16.04                                                                                                        5
 16.05                                                                                                        5
 16.06                                                                                                        5
 16.07                                                                                                        5
 16.08                                                                                                        5
 16.09                                                                                                        5
  16.1                                                                                                        5
 16.11                                                                                                        5
 16.12                                                                                                        5
 16.13                                                                                                        5
 16.14                                                                                                        5
 16.15                                                                                                        5
 16.16                                                                                                        5
 16.17                                                                                                        5
 16.18                                                                                                        5
 16.19                                                                                                        5
  16.2                                                                                                        5
    17            0.00      0.00            0.00             0.00           0.00            0.00              5   No
    18            0.00      0.00            0.00             0.00           0.00            0.00              5   No
    20            0.00      0.00            0.00         26049.39        1816.67            0.00              5   No
    21            0.00      0.00            0.00             0.00           0.00            0.00             10   No
    22         2379.56      0.00         6833.33         37016.55       34616.81            0.00              5   No
    24        10502.18      0.00            0.00         41441.93       10702.92            0.00              5   No
 24.01                                                                                                        5
 24.02                                                                                                        5
 24.03                                                                                                        5
    30          795.83      0.00            0.00          8448.86           0.00            0.00              5   No
    37          541.67      0.00            0.00          6675.98           0.00            0.00              5   No
    38        11038.67      0.00            0.00         15819.15           0.00            0.00              7   No
    39        13645.41      0.00        11000.00             0.00       16746.75         6250.00              7   Yes
    40            0.00      0.00         6000.00         23241.56        4996.68            0.00             10   No
    42            0.00      0.00            0.00             0.00           0.00            0.00              7   No
    44         7861.42      0.00            0.00         18816.34        6819.50            0.00              5   No
 44.01                                                                                                        5
 44.02                                                                                                        5
    45            0.00      0.00            0.00             0.00           0.00            0.00              7   No
    47            0.00      0.00            0.00         10633.77        4976.17            0.00              7   No
 47.01                                                                                                        7
 47.02                                                                                                        7
 47.03                                                                                                        7
    49         2096.58      0.00         7500.00         11169.23        3005.00            0.00              7   No
    51         1127.22      0.00            0.00             0.00           0.00            0.00              7   No
    52          620.68      0.00         2083.33             0.00           0.00            0.00              7   No
    59            0.00      0.00            0.00         11522.90        5744.92            0.00             10   Yes
 59.01                                                                                                       10
 59.02                                                                                                       10
    60         1516.67      0.00            0.00             0.00           0.00            0.00             10   No
    61         8606.31      0.00            0.00         13780.02       18623.31            0.00              7   Yes
    62            0.00      0.00            0.00          5397.00        2558.00            0.00              7   Yes
    63            0.00      0.00            0.00             0.00           0.00            0.00              7   No
    64         2458.33      0.00            0.00         10180.27        2719.58            0.00             10   No
    67         1706.78      0.00         5689.33         29317.43        3358.33            0.00              7   No
    68         1254.24      0.00         4167.00         15823.85         684.50            0.00              7   No
    70         4973.37      0.00            0.00         18969.38           0.00            0.00              0   Yes
 70.01                                                                                                        0
 70.02                                                                                                        0
 70.03                                                                                                        0
 70.04                                                                                                        0
 70.05                                                                                                        0
 70.06                                                                                                        0
 70.07                                                                                                        0
 70.08                                                                                                        0
 70.09                                                                                                        0
  70.1                                                                                                        0
 70.11                                                                                                        0
 70.12                                                                                                        0
 70.13                                                                                                        0
    72          807.59      0.00         3350.00         19411.57           0.00            0.00              7   No
    74         1287.50      0.00            0.00             0.00           0.00            0.00             10   No
    76            0.00      0.00         2395.83         30504.58        1616.83            0.00              7   No
    81          588.46      0.00            0.00          3011.00         810.65            0.00              7   No
    82         1403.67      0.00            0.00         11508.81        6052.92            0.00              5   No
    86          937.50      0.00            0.00             0.00           0.00            0.00             10   No
    88            0.00      0.00            0.00             0.00           0.00            0.00              7   Yes
    89            0.00      0.00         3300.00             0.00           0.00            0.00              7   No
    90         3077.46      0.00            0.00         23178.75        2494.92            0.00              7   No
    93         3791.67      0.00            0.00         10292.50        4011.58            0.00              7   No
    94            0.00      0.00            0.00          3949.25        1754.83            0.00              7   No
 94.01                                                                                                        7
 94.02                                                                                                        7
    95            0.00      0.00         3500.00         10921.33        7566.29            0.00              7   No
    96         4777.97      0.00            0.00          7116.00        2227.75            0.00              7   No
    99            0.00      0.00            0.00             0.00           0.00            0.00              7   Yes
   101            0.00      0.00         4166.67          9098.10        1994.58            0.00              7   No
   109            0.00      0.00            0.00          6428.25           0.00            0.00              7   No
   111        16297.73      0.00            0.00          9635.08        4042.58            0.00              7   No
   114         1465.33      0.00            0.00             0.00           0.00            0.00             10   No
   116            0.00      0.00         3750.00         10240.71        1079.50            0.00              7   No
   117            0.00      0.00            0.00             0.00           0.00            0.00              8   Yes
   119         1047.16      0.00         8726.35          7645.32        1691.25            0.00              7   Yes
   120            0.00      0.00            0.00          3369.19        3805.42            0.00              7   No
   123          118.06      0.00         4000.00          3333.33         652.33            0.00              7   No
   124          920.17      0.00            0.00             0.00           0.00            0.00             10   No
   125         1572.92      0.00            0.00             0.00           0.00            0.00             10   No
   126          804.17      0.00            0.00             0.00           0.00            0.00             10   No
   128         1653.48      0.00            0.00         15323.19        1717.25            0.00              7   No
   129         8779.87      0.00            0.00          7983.08        2500.00            0.00              7   No
   130          227.78      0.00         6315.00         13585.41        1548.17            0.00              7   No
   135          900.00      0.00            0.00             0.00           0.00            0.00             10   No
   136            0.00      0.00            0.00          1789.25           0.00            0.00              7   No
   137            0.00      0.00            0.00          9393.87       12681.05            0.00              7   No
   140          581.00      0.00         1667.00         11355.08        2519.83            0.00              7   No
   144         4285.75      0.00            0.00          6893.36        1999.92            0.00              7   No
   145          948.17      0.00            0.00             0.00           0.00            0.00             10   No
   146            0.00      0.00            0.00         10452.81         629.00            0.00              7   No
   149         2981.68      0.00            0.00         11643.47        1285.92            0.00              7   No
   154          595.83      0.00            0.00             0.00           0.00            0.00             10   No
   158            0.00      0.00            0.00          6908.33         669.33            0.00              7   No
   160          239.17      0.00         1877.00          5227.50        1223.00            0.00              7   No
   161            0.00      0.00            0.00          7783.33         643.42            0.00              7   No
   162         1554.26      0.00            0.00          4400.00        1078.87            0.00              7   No
   163          550.00      0.00            0.00             0.00           0.00            0.00             10   No
   164         5933.33      0.00            0.00          3202.80        3703.42            0.00              7   No
   168          642.13      0.00         4461.25         15005.42         980.58            0.00              7   No
   169         2579.42      0.00            0.00         11184.58        3935.25            0.00              7   No
   170            0.00      0.00            0.00         14213.33           0.00            0.00              7   No
   171            0.00      0.00            0.00          3839.68        2146.50            0.00              7   No
   172            0.00      0.00         9963.33             0.00           0.00            0.00             15   No
   174         3275.68      0.00            0.00          6307.78        1454.58            0.00              7   No
   176          247.51      0.00            0.00          4359.98           0.00            0.00              7   Yes
   177            0.00      0.00            0.00             0.00           0.00            0.00              7   No
   179         1008.33      0.00            0.00             0.00           0.00            0.00             10   No
   180          762.50      0.00            0.00             0.00           0.00            0.00             10   No
   183         3111.81      0.00            0.00          8466.00        1502.67            0.00              7   No
   184            0.00      0.00            0.00             0.00           0.00            0.00              7   Yes
   187            0.00      0.00            0.00          5796.21         379.17            0.00              7   No
   188         1121.79      0.00         2083.33          4893.39        2885.75            0.00              7   No
   190            0.00      0.00            0.00          5015.59         145.08            0.00              7   Yes
   194          783.33      0.00            0.00             0.00           0.00            0.00             10   No
   195         5878.04      0.00            0.00         10533.93        3676.58            0.00              7   No
   197         6557.50      0.00            0.00          4553.63        2954.58            0.00              7   No
   198            0.00      0.00            0.00             0.00           0.00            0.00              7   Yes
   201         5600.00      0.00            0.00          2856.08        1803.67            0.00              7   No
   202         3500.00      0.00            0.00             0.00           0.00            0.00              7   No
   205         1875.00      0.00            0.00          5747.29        1882.71            0.00              7   No
   206            0.00      0.00            0.00          6227.07         569.41            0.00              7   No
206.01                                                                                                        7
206.02                                                                                                        7
   209            0.00      0.00            0.00             0.00        3302.79            0.00              7   Yes
   210         1479.17      0.00            0.00          6222.43        1984.25            0.00             10   No
   211            0.00      0.00            0.00          4187.02         718.92            0.00              7   No
   212            0.00      0.00            0.00             0.00           0.00            0.00              7   No
   215            0.00      0.00            0.00          3903.85           0.00            0.00             10   Yes
   216            0.00      0.00            0.00          2281.59           0.00            0.00              7   Yes
   217         1236.51      0.00            0.00          5700.06         440.92            0.00              7   No
   220          278.63      0.00            0.00          6765.83         344.66            0.00              7   No
   223         1524.00      0.00            0.00         10563.08        1643.35            0.00             10   No
   224            0.00      0.00         7583.00             0.00           0.00            0.00             15   No
   225          562.50      0.00            0.00             0.00           0.00            0.00             10   No
   226          783.00      0.00            0.00          5269.51        2753.33            0.00              7   No
   227          716.00      0.00         1334.00          1500.00         696.92            0.00              7   No
   231            0.00      0.00            0.00          3092.57         233.75            0.00              7   No
   232         3518.25      0.00            0.00          2010.91        1395.83            0.00             10   No
   233          439.00      0.00            0.00          3009.54         532.25            0.00              7   No
   234         1066.67      0.00            0.00          1674.83        1376.67            0.00              7   No
   235          195.83      0.00            0.00             0.00           0.00            0.00              7   Yes
   236            0.00      0.00            0.00          1855.36         249.42            0.00              7   No
   237           75.08      0.00            0.00          1384.00         347.00            0.00              7   Yes
   239         1434.00      0.00            0.00          8803.87        1054.92            0.00              7   No
   241            0.00      0.00          834.00           420.99         365.75            0.00              7   No

<CAPTION>

                                         Interest                                   Remaining
                           Defeasance    Accrual                    Final           Amortization Term
Loan #    Property Type    Permitted     Period        Loan Group   Maturity Date   for Balloon Loans
-------   --------------   -----------   -----------   ----------   -------------   ------------------
<S>       <C>              <C>           <C>           <C>          <C>             <C>
     1         Office           Yes       Actual/360        1
     2         Retail           Yes       Actual/360        1
     3         Office           Yes       Actual/360        1                                     360
     5       Industrial         Yes       Actual/360        1
  5.01       Industrial                   Actual/360        1
  5.02       Industrial                   Actual/360        1
  5.03       Industrial                   Actual/360        1
  5.04       Industrial                   Actual/360        1
  5.05       Industrial                   Actual/360        1
  5.06       Industrial                   Actual/360        1
  5.07       Industrial                   Actual/360        1
  5.08       Industrial                   Actual/360        1
  5.09       Industrial                   Actual/360        1
   5.1       Industrial                   Actual/360        1
  5.11       Industrial                   Actual/360        1
  5.12       Industrial                   Actual/360        1
  5.13       Industrial                   Actual/360        1
  5.14       Industrial                   Actual/360        1
  5.15       Industrial                   Actual/360        1
     7         Hotel            Yes       Actual/360        1                                     360
     9         Hotel            Yes       Actual/360        1                                     360
    10         Office           Yes       Actual/360        1                                     360
    15         Retail           Yes       Actual/360        1
    16       Industrial         Yes       Actual/360        1
 16.01       Industrial                   Actual/360        1
 16.02       Industrial                   Actual/360        1
 16.03       Industrial                   Actual/360        1
 16.04       Industrial                   Actual/360        1
 16.05       Industrial                   Actual/360        1
 16.06       Industrial                   Actual/360        1
 16.07       Industrial                   Actual/360        1
 16.08       Industrial                   Actual/360        1
 16.09       Industrial                   Actual/360        1
  16.1       Industrial                   Actual/360        1
 16.11       Industrial                   Actual/360        1
 16.12       Industrial                   Actual/360        1
 16.13       Industrial                   Actual/360        1
 16.14       Industrial                   Actual/360        1
 16.15       Industrial                   Actual/360        1
 16.16       Industrial                   Actual/360        1
 16.17       Industrial                   Actual/360        1
 16.18       Industrial                   Actual/360        1
 16.19       Industrial                   Actual/360        1
  16.2       Industrial                   Actual/360        1
    17         Retail           Yes       Actual/360        1
    18      Multifamily         Yes       Actual/360        2                                     240
    20         Retail           Yes       Actual/360        1
    21         Retail           Yes       Actual/360        1
    22         Retail           Yes       Actual/360        1                                     360
    24      Multifamily         Yes       Actual/360        2                                     360
 24.01      Multifamily                   Actual/360        2                                     360
 24.02      Multifamily                   Actual/360        2                                     360
 24.03      Multifamily                   Actual/360        2                                     360
    30      Manufactured        Yes       Actual/360        2
              Housing
    37      Manufactured        Yes       Actual/360        2
              Housing
    38         Hotel             No       Actual/360        1                                     360
    39       Industrial         Yes       Actual/360        1                                     360
    40         Retail           Yes       Actual/360        1
    42         Office           Yes       Actual/360        1                                     300
    44      Multifamily         Yes       Actual/360        2                                     360
 44.01      Multifamily                   Actual/360        2                                     360
 44.02      Multifamily                   Actual/360        2                                     360
    45         Office           Yes       Actual/360        1                                     300
    47      Self Storage        Yes       Actual/360        1                                     360
 47.01      Self Storage                  Actual/360        1                                     360
 47.02      Self Storage                  Actual/360        1                                     360
 47.03      Self Storage                  Actual/360        1                                     360
    49       Mixed Use          Yes       Actual/360        1                                     360
    51         Retail           Yes       Actual/360        1
    52         Retail           Yes       Actual/360        1
    59       Industrial         Yes       Actual/360        1                                     360
 59.01       Industrial                   Actual/360        1                                     360
 59.02       Industrial                   Actual/360        1                                     360
    60      Manufactured        Yes       Actual/360        2
              Housing
    61      Multifamily         Yes       Actual/360        2
    62         Office           Yes       Actual/360        1                                     360
    63      Multifamily         Yes       Actual/360        2
    64      Multifamily          No         30/360          2                                     360
    67         Retail           Yes       Actual/360        1                                     360
    68         Retail           Yes       Actual/360        1                                     360
    70       Industrial         Yes       Actual/360        1
 70.01       Industrial                   Actual/360        1
 70.02       Industrial                   Actual/360        1
 70.03       Industrial                   Actual/360        1
 70.04       Industrial                   Actual/360        1
 70.05       Industrial                   Actual/360        1
 70.06       Industrial                   Actual/360        1
 70.07       Industrial                   Actual/360        1
 70.08       Industrial                   Actual/360        1
 70.09       Industrial                   Actual/360        1
  70.1       Industrial                   Actual/360        1
 70.11       Industrial                   Actual/360        1
 70.12       Industrial                   Actual/360        1
 70.13       Industrial                   Actual/360        1
    72         Office           Yes       Actual/360        1
    74      Manufactured        Yes       Actual/360        2
              Housing
    76         Office           Yes       Actual/360        1                                     300
    81      Self Storage        Yes       Actual/360        1                                     360
    82         Office            No       Actual/360        1                                     360
    86      Manufactured        Yes       Actual/360        2
              Housing
    88         Office           Yes       Actual/360        1                                     360
    89         Retail           Yes       Actual/360        1                                     360
    90      Multifamily         Yes       Actual/360        2                                     360
    93      Multifamily         Yes       Actual/360        2                                     360
    94         Hotel            Yes       Actual/360        1                                     300
 94.01         Hotel                      Actual/360        1                                     300
 94.02         Hotel                      Actual/360        1                                     300
    95         Office           Yes       Actual/360        1                                     360
    96         Hotel            Yes       Actual/360        1                                     360
    99         Office           Yes       Actual/360        1                                     360
   101         Retail           Yes       Actual/360        1                                     360
   109         Retail           Yes       Actual/360        1                                     360
   111         Hotel            Yes       Actual/360        1                                     360
   114      Manufactured        Yes       Actual/360        2
              Housing
   116         Office           Yes       Actual/360        1                                     360
   117         Office           Yes       Actual/360        1
   119         Office           Yes       Actual/360        1                                     360
   120         Hotel            Yes       Actual/360        1                                     360
   123         Retail           Yes       Actual/360        1                                     360
   124      Manufactured        Yes       Actual/360        2
              Housing
   125      Manufactured        Yes       Actual/360        2
              Housing
   126      Manufactured        Yes       Actual/360        2
              Housing
   128      Multifamily         Yes       Actual/360        2                                     360
   129         Hotel             No       Actual/360        1                                     360
   130         Office           Yes       Actual/360        1                                     360
   135      Manufactured        Yes       Actual/360        2
              Housing
   136      Multifamily         Yes       Actual/360        2                                     360
   137         Hotel            Yes       Actual/360        1
   140         Retail           Yes       Actual/360        1                                     360
   144         Hotel            Yes       Actual/360        1
   145      Manufactured        Yes       Actual/360        2
              Housing
   146      Manufactured        Yes       Actual/360        2
              Housing
   149      Multifamily         Yes       Actual/360        2                                     360
   154      Manufactured        Yes       Actual/360        2
              Housing
   158      Self Storage        Yes       Actual/360        1                                     360
   160         Retail           Yes       Actual/360        1                                     360
   161      Self Storage        Yes       Actual/360        1                                     360
   162      Multifamily         Yes       Actual/360        2                                     360
   163      Manufactured        Yes       Actual/360        2
              Housing
   164         Hotel            Yes       Actual/360        1                                     360
   168         Office           NAP       Actual/360        1                                     360
   169         Retail           Yes       Actual/360        1                                     360
   170      Self Storage         No       Actual/360        1                                     300
   171         Hotel            Yes       Actual/360        1                                     300
   172       Industrial         Yes       Actual/360        1                                     360
   174         Hotel            Yes       Actual/360        1                                     360
   176         Office           Yes       Actual/360        1                                     360
   177         Office            No       Actual/360        1                                     360
   179      Manufactured        Yes       Actual/360        2
              Housing
   180      Manufactured        Yes       Actual/360        2
              Housing
   183      Multifamily         Yes       Actual/360        2                                     360
   184         Retail           Yes       Actual/360        1                                     360
   187      Manufactured        Yes       Actual/360        2
              Housing
   188         Retail           Yes       Actual/360        1                                     360
   190         Office           Yes       Actual/360        1                                     264
   194      Manufactured        Yes       Actual/360        2
              Housing
   195      Multifamily         Yes       Actual/360        2                                     360
   197         Hotel            Yes       Actual/360        1                                     360
   198       Industrial         Yes       Actual/360        1
   201         Hotel            Yes       Actual/360        1                                     300
   202      Multifamily         Yes       Actual/360        2                                     360
   205      Multifamily          No       Actual/360        2                                     360
   206      Manufactured        Yes       Actual/360        2
              Housing
206.01      Manufactured                  Actual/360        2
              Housing
206.02      Manufactured                  Actual/360        2
              Housing
   209         Retail           Yes       Actual/360        1                                     360
   210      Multifamily          No         30/360          2                                     360
   211         Office           Yes       Actual/360        1                                     360
   212         Retail           Yes       Actual/360        1                                     360
   215         Retail           Yes       Actual/360        1                                     300
   216         Retail           Yes       Actual/360        1                                     360
   217       Mixed Use          Yes       Actual/360        1                                     300
   220         Office           Yes       Actual/360        1                                     360
   223      Multifamily         Yes       Actual/360        2                                     360
   224       Industrial         Yes       Actual/360        1                                     360
   225       Mixed Use          Yes       Actual/360        2
   226      Multifamily         Yes       Actual/360        2                                     360
   227         Retail           Yes       Actual/360        1                                     360
   231      Manufactured        Yes       Actual/360        2
              Housing
   232         Hotel            Yes       Actual/360        1                                     360
   233         Retail           Yes       Actual/360        1                                     360
   234      Multifamily         Yes       Actual/360        2                                     360
   235         Retail           Yes       Actual/360        1                                     360
   236      Manufactured        Yes       Actual/360        2
              Housing
   237         Retail           Yes       Actual/360        1                                     360
   239       Industrial         Yes       Actual/360        1                                     360
   241       Mixed Use          Yes       Actual/360        1                                     360

</TABLE>

<PAGE>

                                    EXHIBIT B

                  MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES

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

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

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

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

               (5) In respect of each Mortgage Loan, (A) in reliance on public
documents or certified copies of the incorporation or partnership or other
entity documents, as applicable, delivered in connection with the origination of
such Mortgage Loan, the related Mortgagor is an entity organized under the laws
of a state of the United States of America, the District of Columbia or the
Commonwealth of Puerto Rico and (B) as of the origination date, the Seller
(based on customary due diligence) had no knowledge, and since the origination
date, the Seller has no actual knowledge, that the related Mortgagor is a debtor
in any bankruptcy, receivership, conservatorship, reorganization, insolvency,
moratorium or similar proceeding.

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

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

               (8) The Seller has received an American Land Title Association
(ALTA) lender's title insurance policy or a comparable form of lender's title
insurance policy (or escrow instructions binding on the Title Insurer (as
defined below) and irrevocably obligating the Title Insurer to issue such title
insurance policy, a title policy commitment or pro-forma "marked up" at the
closing of the related Mortgage Loan and countersigned by the Title Insurer or
its authorized agent) as adopted in the applicable jurisdiction (the "Title
Insurance Policy"), which was issued by a nationally recognized title insurance
company (the "Title Insurer") qualified to do business in the jurisdiction where
the applicable Mortgaged Property is located, covering the portion of each
Mortgaged Property comprised of real estate and insuring that the related
Mortgage is a valid first lien in the original principal amount of the related
Mortgage Loan on the Mortgagor's fee simple interest (or, if applicable,
leasehold interest) in such Mortgaged Property comprised of real estate, subject
only to Permitted Encumbrances. Such Title Insurance Policy was issued in
connection with the origination of the related Mortgage Loan. No claims have
been made under such Title Insurance Policy. Such Title Insurance Policy is in
full force and effect and all premiums thereon have been paid and will provide
that the insured includes the owner of the Mortgage Loan and its successors
and/or assigns. No holder of the related Mortgage has done, by act or omission,
anything that would, and the Seller has no actual knowledge of any other
circumstance that would, impair the coverage under such Title Insurance Policy.

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

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

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

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

                      (d) The terms of the Mortgage Loans or the related
                      Mortgage Loan documents, have not been altered, impaired,
                      modified or waived in any material respect, except prior
                      to the Cut-off Date by written instrument duly submitted
                      for recordation, to the extent required, and as
                      specifically set forth in the related Mortgage File.

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

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

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

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

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

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

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

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

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

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

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

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

               (19)   (a) Except with respect to repairs estimated to cost less
than $5,000 in the aggregate, as of the date of the applicable engineering
report (which was performed within 12 months prior to the Cut-off Date) related
to the Mortgaged Property and, to Seller's knowledge as of the Closing Date, the
related Mortgaged Property is either (i) in good repair, free and clear of any
damage that would materially adversely affect the value of such Mortgaged
Property as security for such Mortgage Loan or the use and operation of the
Mortgaged Property as it was being used or operated as of the origination date
or (ii) escrows in an amount consistent with the standard utilized by the Seller
with respect to similar loans it holds for its own account have been
established, which escrows will in all events be not less than 100% of the
estimated cost of the required repairs. Since the origination date, to the
Seller's knowledge, such Mortgaged Property has not been damaged by fire, wind
or other casualty or physical condition (including, without limitation, any soil
erosion or subsidence or geological condition), which damage has not been fully
repaired or fully insured, or for which escrows in an amount consistent with the
standard utilized by the Seller with respect to loans it holds for its own
account have not been established.

                      (b) As of the origination date of such Mortgage Loan and
                      to the Seller's actual knowledge, as of the Closing Date,
                      there are no proceedings pending or, to the Seller's
                      actual knowledge, threatened, for the partial or total
                      condemnation of the relevant Mortgaged Property.

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

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

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

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

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

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

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

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

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

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

               (21) (a) An Environmental Site Assessment performed in connection
with the origination of the related Mortgage Loan was obtained and reviewed by
the Seller and a copy is included in the Servicing File.

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

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

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

                      (e) Each of the Mortgage Loans which is covered by an
                      environmental insurance policy obtained in lieu of an
                      Environmental Site Assessment ("In Lieu of Policy") is
                      identified on Schedule I and has an outstanding principal
                      balance not greater than $3,000,000, and each In Lieu of
                      Policy is in an amount equal to 125% of the outstanding
                      principal balance of the related Mortgage Loan and has a
                      term ending no sooner than the date which is five years
                      after the maturity date (or, in the case of an ARD Loan,
                      the final maturity date) of the related Mortgage Loan, is
                      non-cancelable by the insurer during such term and the
                      premium for such policy has been paid in full. All
                      environmental assessments or updates that were in the
                      possession of the Seller and that relate to a Mortgaged
                      Property identified on Schedule I as being insured by an
                      In Lieu of Policy have been delivered to or disclosed to
                      the In Lieu of Policy carrier issuing such policy prior to
                      the issuance of such policy.

               (22) As of the date of origination of the related Mortgage Loan,
and, as of the Closing Date, the Mortgaged Property is covered by insurance
policies providing the coverage described below and the Mortgage Loan documents
permit the mortgagee to require the coverage described below. All premiums with
respect to the Insurance Policies insuring each Mortgaged Property have been
paid in a timely manner or escrowed to the extent required by the Mortgage Loan
documents, and the Seller has not received any notice of cancellation or
termination. The relevant Servicing File contains the Insurance Policy required
for such Mortgage Loan or a certificate of insurance for such Insurance Policy.
Each Mortgage requires that the related Mortgaged Property and all improvements
thereon are covered by Insurance Policies providing (a) coverage in the amount
of the lesser of full replacement cost of such Mortgaged Property and the
outstanding principal balance of the related Mortgage Loan (subject to customary
deductibles) for fire and extended perils included within the classification
"All Risk of Physical Loss" in an amount sufficient to prevent the Mortgagor
from being deemed a co-insurer and to provide coverage on a full replacement
cost basis of such Mortgaged Property (in some cases exclusive of foundations
and footings) with an agreed amount endorsement to avoid application of any
coinsurance provision; such policies contain a standard mortgage clause naming
mortgagee and its successor in interest as additional insureds or loss payee, as
applicable; (b) business interruption or rental loss insurance in an amount at
least equal to (i) 12 months of operations or (ii) in some cases all rents and
other amounts customarily insured under this type of insurance of the Mortgaged
Property; (c) flood insurance (if any portion of the improvements on the
Mortgaged Property is located in an area identified by the Federal Emergency
Management Agency ("FEMA"), with respect to certain Mortgage Loans and the
Secretary of Housing and Urban Development with respect to other Mortgage Loans,
as having special flood hazards) in an amount not to exceed amounts prescribed
by FEMA; (d) workers' compensation, if required by law; (e) comprehensive
general liability insurance in an amount consistent with the standard utilized
by the Seller with respect to loans it holds for its own account, but not less
than $1 million; and (f) windstorm coverage in the amount of the lesser of full
replacement cost of such Mortgaged Property and the outstanding principal
balance of the related Mortgage Loan (subject to a deductible equal to or less
than 5% of the insurable value of the Mortgaged Property); all such Insurance
Policies contain clauses providing they are not terminable and may not be
terminated without thirty (30) days prior written notice to the mortgagee
(except where applicable law requires a shorter period or except for nonpayment
of premiums, in which case not less than ten (10) days prior written notice to
the mortgagee is required). In addition, each Mortgage permits the related
mortgagee to make premium payments to prevent the cancellation thereof and shall
entitle such mortgagee to reimbursement therefor. Any insurance proceeds in
respect of a casualty loss or taking will be applied either to the repair or
restoration of all or part of the related Mortgaged Property or the payment of
the outstanding principal balance of the related Mortgage Loan together with any
accrued interest thereon. The related Mortgaged Property is insured by an
Insurance Policy, issued by an insurer meeting the requirements of such Mortgage
Loan and having a claims-paying or financial strength rating of at least A-:VIII
from A.M. Best Company or "A-" (or the equivalent) from Standard & Poor's
Ratings Services, a division of The McGraw-Hill Companies, Inc., Fitch, Inc. or
Moody's Investor Services, Inc. An architectural or engineering consultant has
performed an analysis of each of the Mortgaged Properties located in seismic
zones 3 or 4 in connection with the origination of the related Mortgage Loan in
order to evaluate the structural and seismic condition of such property, for the
sole purpose of assessing the probable maximum loss ("PML") for the Mortgaged
Property in the event of an earthquake. In such instance, the PML was based on a
return period of not less than 100 years, an exposure period of 50 years and a
10% probability of exceedence. If the resulting report concluded that the PML
would exceed 20% of the amount of the replacement costs of the improvements,
earthquake insurance on such Mortgaged Property was obtained by an insurer rated
at least A-:VIII by A.M. Best Company or "A-" (or the equivalent) from Standard
& Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc., Fitch,
Inc. or Moody's Investor Services, Inc. To the Seller's actual knowledge, the
insurer issuing each of the foregoing insurance policies is qualified to write
insurance in the jurisdiction where the related Mortgaged Property is located.

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

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

               (25) Each Mortgage Loan complied at origination, in all material
respects, with all of the terms, conditions and requirements of the Seller's, or
if the Seller is not the originator, then, to the knowledge of the Seller, the
originator's, underwriting standards applicable to such Mortgage Loan and since
origination, the Mortgage Loan has been serviced in all material respects in a
legal manner in conformance with the Seller's servicing standards.

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

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

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

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

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

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

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

               (33) Each Mortgage Loan is a whole loan and not a participation
interest in a mortgage loan.

               (34) Each Mortgage Loan containing provisions for defeasance of
mortgage collateral provides that: defeasance may not occur any earlier than two
years after the Closing Date; and requires either (a) the prior written consent
of, and compliance with the conditions set by, the holder of the Mortgage Loan
to any defeasance, or (b)(i) the replacement collateral consist of U.S.
"government securities," within the meaning of Treasury Regulations Section
1.860 G-2(a)(8)(i), in an amount sufficient to make all scheduled payments under
the Mortgage Note when due (up to the maturity date for the related Mortgage
Loan, the Anticipated Repayment Date for ARD Loans or the date on which the
Mortgagor may prepay the related Mortgage Loan without payment of any prepayment
penalty); (ii) the loan may be assumed by a Single Purpose Entity approved by
the holder of the Mortgage Loan; (iii) counsel provide an opinion that the
trustee has a perfected security interest in such collateral prior to any other
claim or interest; and (iv) such other documents and certifications as the
mortgagee may reasonably require which may include, without limitation, (A) a
certification that the purpose of the defeasance is to facilitate the
disposition of the mortgaged real property or any other customary commercial
transaction and not to be part of an arrangement to collateralize a REMIC
offering with obligations that are not real estate mortgages and (B) a
certification from an independent certified public accountant that the
collateral is sufficient to make all scheduled payments under the Mortgage Note
when due. Each Mortgage Loan containing provisions for defeasance provides that,
in addition to any cost associated with defeasance, the related Mortgagor shall
pay, as of the date the mortgage collateral is defeased, all scheduled and
accrued interest and principal due as well as an amount sufficient to defease in
full the Mortgage Loan (except as contemplated in paragraph (35) hereof). In
addition, if the related Mortgage Loan permits defeasance, then the Mortgage
Loan documents provide that the related Mortgagor shall (x) pay all reasonable
fees associated with the defeasance of the Mortgage Loan and all other
reasonable expenses associated with the defeasance, or (y) provide all opinions
required under the related Mortgage Loan documents, and in the case of loans
with an outstanding principal balance as of the Cut-off Date of $40,000,000 or
greater, (i) a REMIC opinion and (ii) rating agency letters confirming that no
downgrade or qualification shall occur as a result of the defeasance.

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

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

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

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

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

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

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

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

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

Defined Terms:

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

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

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

               The term "Environmental Site Assessment" shall mean a Phase I
environmental report meeting the requirements of the American Society for
Testing and Materials, and, if in accordance with customary industry standards a
reasonable lender would require it, a Phase II environmental report, each
prepared by a licensed third party professional experienced in environmental
matters.

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

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

               The term "in reliance on" shall mean that:

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

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

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

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

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

               The term "Permitted Encumbrances" shall mean:

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

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

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

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

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

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

<PAGE>

                                   SCHEDULE I

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

                                     None.

<PAGE>

                                   SCHEDULE II

                          MORTGAGED PROPERTY FOR WHICH
                      ENVIRONMENTAL INSURANCE IS MAINTAINED

                                     None.

<PAGE>

                                    EXHIBIT C

                              JPMCC 2007 -- CIBC19

                          Exceptions to Representations

Representation #(4)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>

        16         AmeriCold Portfolio                The Mortgaged Property secures the Mortgage Loan
                                                      (consisting of a Fixed Rate A-2-C Note), a Fixed Rate
                                                      A-1-A Note, a Fixed Rate A-1-B Note, a Fixed Rate A-2-A
                                                      Note and a Fixed Rate A-2-B Note (each of which is pari
                                                      passu with the Mortgage Loan and is not included in the
                                                      trust fund).
-----------------  ---------------------------------  --------------------------------------------------------
        1          599 Lexington Avenue               The Mortgaged Property secures the Mortgage Loan
                                                      (consisting of a Fixed Rate A-2 Note), a Fixed Rate A-1
                                                      Note, a Fixed Rate A-3 Note, and a Fixed Rate A-4 Note
                                                      (each of which is pari passu with the Mortgage Loan and
                                                      is not included in the trust fund).
-----------------  ---------------------------------  --------------------------------------------------------
        96         Holiday Inn Express - Temecula     The Mortgaged Property secures the Mortgage Loan and a
                                                      B-Note held by CBA-Mezzanine Capital Finance, LLC.
-----------------  ---------------------------------  --------------------------------------------------------
       123         Veteran's Parkway                  The Mortgaged Property secures the Mortgage Loan and a
                                                      B-Note held by CBA-Mezzanine Capital Finance, LLC.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(6)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        16         AmeriCold Portfolio                The Mortgaged Property secures the Mortgage Loan
                                                      (consisting of a Fixed Rate A-2-C Note), a Fixed Rate
                                                      A-1-A Note, a Fixed Rate A-1-B Note, a Fixed Rate A-2-A
                                                      Note and a Fixed Rate A-2-B Note (each of which is pari
                                                      passu with the Mortgage Loan and is not included in the
                                                      trust fund).
-----------------  ---------------------------------  --------------------------------------------------------
       109         Village Greens of Annapolis        The Mortgaged Loan is structured as an indemnity deed
                                                      of trust ("IDOT"), under which the Mortgage Note is
                                                      secured by an indemnity guaranty, which indemnity
                                                      guaranty is secured by the fee interest in the
                                                      Mortgaged Property. The guarantor of the Mortgage Note
                                                      owns the Mortgaged Property and thus has an interest in
                                                      the lease payments.

                                                      Eastern Petroleum Corp, a tenant at the Mortgaged
                                                      Property, has a right to purchase an outparcel at the
                                                      Mortgaged Property if that outparcel is subdivided
                                                      during the term of the Mortgage Loan.
-----------------  ---------------------------------  --------------------------------------------------------
       211         9 Park Center Court                The Mortgaged Loan is structured as an indemnity deed
                                                      of trust ("IDOT"), under which the Mortgage Note is
                                                      secured by an indemnity guaranty, which indemnity
                                                      guaranty is secured by the fee interest in the
                                                      Mortgaged Property. The guarantor of the Mortgage Note
                                                      owns the Mortgaged Property and thus has an interest in
                                                      the lease payments.
-----------------  ---------------------------------  --------------------------------------------------------
        1          599 Lexington Avenue               The Mortgaged Property secures the Mortgage Loan
                                                      (consisting of a Fixed Rate A-2 Note), a Fixed Rate A-1
                                                      Note, a Fixed Rate A-3 Note, and a Fixed Rate A-4 Note
                                                      (each of which is pari passu with the Mortgage Loan and
                                                      is not included in the trust fund).
-----------------  ---------------------------------  --------------------------------------------------------
       111         Marcus Whitman Hotel               Certain individuals have a life estate in three of the
                                                      units in the hotel located on the Mortgaged Property.
                                                      The life estates will automatically be extinguished
                                                      upon the death of the life estate holder and their
                                                      interest in the fee will automatically revert back to
                                                      the Mortgagor without any payment.
-----------------  ---------------------------------  --------------------------------------------------------
       224         Autrans USA                        Ability Works, Inc., a tenant at the Mortgaged
                                                      Property, has a right to purchase the Mortgaged
                                                      Property.
-----------------  ---------------------------------  --------------------------------------------------------
       101         Coral Hills Shopping Center        The Mortgaged Loan is structured as an indemnity deed
                                                      of trust ("IDOT"), under which the Mortgage Note is
                                                      secured by an indemnity guaranty, which indemnity
                                                      guaranty is secured by the fee interest in the
                                                      Mortgaged Property. The guarantor of the Mortgage Note
                                                      owns the Mortgaged Property and thus has an interest in
                                                      the lease payments.
-----------------  ---------------------------------  --------------------------------------------------------
        70         Osprey Portfolio - Michigan        The following lessees at the Mortgaged Property,
                                                      Landslide Skate Park, LLC, Freer Tool & Die, Inc. and
                                                      Excel Industrial Electronics, Inc., have the right to
                                                      purchase their respective properties; however, the
                                                      lessees have agreed not to exercise their respective
                                                      options during the term of the Mortgage Loan without
                                                      the consent of the mortgagee.
-----------------  ---------------------------------  --------------------------------------------------------
        10         Temple U Health System             The Mortgage Loan is structured with a master lease to
                   Headquarters                       take advantage of historic tax credits. As part of that
                                                      structure, the Mortgagor has master leased the
                                                      Mortgaged Property to an affiliate entity. The master
                                                      lessee subleases the property to the ultimate tenants
                                                      of the Mortgaged Property. The master lease is
                                                      subordinate to the Mortgage Loan.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(7)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       109         Village Greens of Annapolis        Because the Mortgage Loan is structured for tax
                                                      purposes as an IDOT, the guarantor of the Mortgage Note
                                                      is the owner of the related Mortgaged Property instead
                                                      of the related Mortgagor.

                                                      Eastern Petroleum Corp, a tenant at the Mortgaged
                                                      Property, has a right to purchase an outparcel at the
                                                      Mortgaged Property if that outparcel is subdivided
                                                      during the term of the Mortgage Loan.
-----------------  ---------------------------------  --------------------------------------------------------
       211         9 Park Center Court                Because the Mortgage Loan is structured for tax
                                                      purposes as an IDOT, the guarantor of the Mortgage Note
                                                      is the owner of the related Mortgaged Property instead
                                                      of the related Mortgagor.
-----------------  ---------------------------------  --------------------------------------------------------
       111         Marcus Whitman Hotel               Certain individuals have a life estate in three of the
                                                      units in the hotel located on the Mortgaged Property.
                                                      The life estates will automatically be extinguished
                                                      upon the death of the life estate holder and their
                                                      interest in the fee will automatically revert back to
                                                      the Mortgagor without any payment.
-----------------  ---------------------------------  --------------------------------------------------------
       224         Autrans USA                        Ability Works, Inc., a tenant at the Mortgaged
                                                      Property, has a right to purchase the Mortgaged
                                                      Property.
-----------------  ---------------------------------  --------------------------------------------------------
       101         Coral Hills Shopping Center        Because the Mortgage Loan is structured for tax
                                                      purposes as an IDOT, the guarantor of the Mortgage Note
                                                      is the owner of the related Mortgaged Property instead
                                                      of the related Mortgagor.
-----------------  ---------------------------------  --------------------------------------------------------
        70         Osprey Portfolio-Michigan          The following lessees at the Mortgaged Property,
                                                      Landslide Skate Park, LLC, Freer Tool & Die, Inc. and
                                                      Excel Industrial Electronics, Inc., have the right to
                                                      purchase their respective properties; however, the
                                                      lessees have agreed not to exercise their respective
                                                      options during the term of the Mortgage Loan without
                                                      the consent of the mortgagee.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(10(a))

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       177         Bennett Center                     There is no individual or entity other than the
                                                      Mortgagor who is liable for the non-recourse carveouts.
-----------------  ---------------------------------  --------------------------------------------------------
        1          599 Lexington Avenue               There is no individual or entity other than the
                                                      Mortgagor who is liable for the non-recourse
                                                      environmental carveouts.

                                                      The environmental indemnity contains a 1 year sunset
                                                      provision.
-----------------  ---------------------------------  --------------------------------------------------------
        88         Neways Office Building             There is no individual or entity other than the
                                                      Mortgagor who is liable for the non-recourse carveouts.
-----------------  ---------------------------------  --------------------------------------------------------
        3          Sabre Headquarters                 There is no individual or entity other than the
                                                      Mortgagor who is liable for the environmental
                                                      non-recourse carveouts.
-----------------  ---------------------------------  --------------------------------------------------------
        52         Lenox Plaza Shopping Center        There is no individual or entity other than the
                                                      Mortgagor who is liable for the non-recourse carveouts.
-----------------  ---------------------------------  --------------------------------------------------------
       198         The Examiner Building              There is no individual or entity other than the
                                                      Mortgagor who is liable for the non-recourse carveouts.
-----------------  ---------------------------------  --------------------------------------------------------
       232         Hampton Inn Dry Ridge              In order to comply with Kentucky law, which imposes
                                                      certain limits on guarantor liability, the liability in
                                                      the guaranty related to the Mortgage Loan has been
                                                      capped at $9,000,000 (3 times the original loan
                                                      amount), subject to adjustment for interest and
                                                      reasonable attorneys' fees.
-----------------  ---------------------------------  --------------------------------------------------------
        39         Airport Industrial Center          In order to comply with Kentucky law, which imposes
                                                      certain limits on guarantor liability, the liability in
                                                      the guaranty related to the Mortgage Loan has been
                                                      capped at $60,750,000 (almost 3 times the original loan
                                                      amount), subject to adjustment for interest and
                                                      reasonable attorneys' fees.
-----------------  ---------------------------------  --------------------------------------------------------
       190         All Star Signature Properties      In order to comply with Kentucky law, which imposes
                                                      certain limits on guarantor liability, the liability in
                                                      the guaranty related to the Mortgage Loan has been
                                                      capped at $14,400,000 (3 times the original loan
                                                      amount), subject to adjustment for interest and
                                                      reasonable attorneys' fees.
-----------------  ---------------------------------  --------------------------------------------------------
       241         Oakbrook Station                   In order to comply with Kentucky law, which imposes
                                                      certain limits on guarantor liability, the liability in
                                                      the guaranty related to the Mortgage Loan has been
                                                      capped at $6,450,000 (3 times the original loan
                                                      amount), subject to adjustment for interest and
                                                      reasonable attorneys' fees.

                                                      The environmental indemnity contains a 5 year sunset
                                                      provision.
-----------------  ---------------------------------  --------------------------------------------------------
        89         Pleasant Valley Plaza              There is no individual or entity other than the
                                                      Mortgagor who is liable for the non-recourse carveouts.
-----------------  ---------------------------------  --------------------------------------------------------
        21         Crossroads Center                  The environmental indemnity contains a 5 year sunset
                                                      provision.
-----------------  ---------------------------------  --------------------------------------------------------
        82         4600 Powder Mill Road              There is no individual or entity other than the
                                                      Mortgagor who is liable for the non-recourse carveouts.
-----------------  ---------------------------------  --------------------------------------------------------
        5          Cabot Industrial Portfolio V       There is no individual or entity other than the
                                                      Mortgagor who is liable for the environmental
                                                      non-recourse carveouts.
-----------------  ---------------------------------  --------------------------------------------------------
        2          River City Marketplace             There is no individual or entity other than the
                                                      Mortgagor who is liable for the environmental
                                                      non-recourse carveouts.
-----------------  ---------------------------------  --------------------------------------------------------
        40         Las Palmas Shopping Center         There is no individual or entity other than the
                                                      Mortgagor who is liable for the environmental
                                                      non-recourse carveouts.
-----------------  ---------------------------------  --------------------------------------------------------
        51         River City Plaza Shopping Center   The environmental indemnity contains a 3 year sunset
                                                      provision.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(10(c))

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       109         Village Greens of Annapolis        The Mortgage Loan is structured as an IDOT, and while
                                                      the related Mortgagor was the maker of the Mortgage
                                                      Note, the Mortgage was given by the indemnity guarantor.
-----------------  ---------------------------------  --------------------------------------------------------
       211         9 Park Center Court                The Mortgage Loan is structured as an IDOT, and while
                                                      the related Mortgagor was the maker of the Mortgage
                                                      Note, the Mortgage was given by the indemnity guarantor.
-----------------  ---------------------------------  --------------------------------------------------------
       101         Coral Hills Shopping Center        The Mortgage Loan is structured as an IDOT, and while
                                                      the related Mortgagor was the maker of the Mortgage
                                                      Note, the Mortgage was given by the indemnity guarantor.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(10(d))

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        70         Osprey Portfolio-Michigan          The terms of the respective Mortgage Loan documents
                                                      were modified after the Cut-off Date to establish an
                                                      escrow for taxes on a parcel of land that the Mortgagor
                                                      intends to acquire as contemplated by the Mortgage Loan
                                                      documents. Additionally, the Mortgagor shall take all
                                                      steps necessary to ensure that no part of the remaining
                                                      Mortgaged Property shall be part of a tax lot which
                                                      includes any portion of the Gentz Release Parcel and
                                                      the Gentz New Parcel shall be part of a tax lot that is
                                                      wholly owned by the Mortgagor and is pledged as
                                                      collateral under the Mortgage Loan.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(12)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        16         AmeriCold Portfolio                Each AmeriCold Portfolio property may be released from
                                                      the lien of the Mortgage upon defeasance of an amount
                                                      equal to between 105% and 115% of the allocated loan
                                                      amount.

                                                      The Mortgagor may obtain a release of an individual
                                                      Mortgaged Property by substituting its interest in
                                                      other properties as collateral during the term of the
                                                      Mortgage Loan, subject to certain conditions as set
                                                      forth in the related Mortgage Loan documents.
-----------------  ---------------------------------  --------------------------------------------------------
       168         2150/2250 Butterfield              The 2250 building of the 2150/2250 Butterfield property
                                                      may be released from the lien of the Mortgage upon
                                                      defeasance of an amount equal to 110% of the allocated
                                                      loan amount.
-----------------  ---------------------------------  --------------------------------------------------------
       224         Autrans USA                        The Autrans USA Mortgage Loan and Promax Logistics
                                                      Mortgage Loan are cross-collateralized. The Autrans USA
                                                      property may be released from the cross
                                                      collateralization provisions of the Mortgage Loan
                                                      documents upon escrowing $302,100.
-----------------  ---------------------------------  --------------------------------------------------------
        5          Cabot Industrial Portfolio V       Each Cabot Industrial Portfolio V property may be
                                                      released from the lien of the Mortgage upon defeasance
                                                      of an amount equal to 115% of the allocated loan amount.

                                                      The Mortgagor may obtain a release of an individual
                                                      Mortgaged Property by substituting its interest in
                                                      other properties as collateral during the term of the
                                                      Mortgage Loan, subject to certain conditions as set
                                                      forth in the related Mortgage Loan documents.
-----------------  ---------------------------------  --------------------------------------------------------
        70         Osprey Portfolio-Michigan          Each Osprey Portfolio-Michigan property may be released
                                                      from the lien of the Mortgage upon defeasance of an
                                                      amount equal to 110% of the allocated loan amount.

                                                      The Mortgagor may obtain a release of an individual
                                                      Mortgaged Property by substituting its interest in
                                                      other properties as collateral during the term of the
                                                      Mortgage Loan, subject to certain conditions as set
                                                      forth in the related Mortgage Loan documents.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(14(a))

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        2          River City Marketplace             The value of the Mortgaged Property is based upon the
                                                      appraiser's $140,000,000 "as stabilized" value (as
                                                      compared with a $111,100,000 "as-is" value) and assumes
                                                      build-out and occupancy of space that has not yet
                                                      occurred. The mortgagee established escrows at
                                                      origination in the amount of $8,718,598 relating to the
                                                      lease-up of the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(16)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       128         Brookmeadow                        The Mortgaged Property is nonconforming due to a
                                                      setback violation. Additionally, law and ordinance
                                                      coverage is not in place. In lieu of law and ordinance
                                                      coverage, the Mortgage Loan is recourse to the extent
                                                      of losses incurred due to the failure of the Mortgaged
                                                      Property to comply with applicable zoning requirements.
-----------------  ---------------------------------  --------------------------------------------------------
        88         Neways Office Building             The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 15 spaces. There are 267
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       183         Carriage Court Apartments          The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 88 spaces. There are 239
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
        52         Lenox Plaza Shopping Center        The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 45 spaces. There are 200
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       205         Beyerwood Apartments               The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 39 spaces. There are 61
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
        93         Greenbriar Hills Apartments        The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 10 spaces. There are 397
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       226         3145 Rochambeau Avenue             The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 23 spaces. There are no
                                                      existing striped parking spaces at the Mortgaged
                                                      Property.
-----------------  ---------------------------------  --------------------------------------------------------
       184         Redners Market-Reading, PA         The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 4 spaces. There are 233
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       195         Timber Ridge Apartments            The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 28 spaces. There are 335
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       202         Brighton Court Apartments          The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 52 spaces. There are 194
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
        82         4600 Powder Mill Road              As of the date of origination, two tenants in occupancy
                                                      at the Mortgaged Property do not have valid
                                                      certificates of occupancy. The Mortgagor has a
                                                      post-closing obligation to provide, by August 14, 2007,
                                                      evidence satisfactory to the mortgagee that the
                                                      certificates have been issued.
-----------------  ---------------------------------  --------------------------------------------------------
        18         Pike Run Village                   As of the date of origination, one of the builidings at
                                                      the Mortgaged Property does not have valid certificates
                                                      of occupancy. Pursuant to an undelivered items letter,
                                                      the Mortgagor has agreed to obtain valid, permanent
                                                      certificates of occupancy within 120 days of
                                                      origination.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(17)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       215         Walgreens-Mt. Laurel, NJ           As of the date of origination, the related Mortgaged
                                                      Property was part of a larger tax parcel. Pursuant to
                                                      an undelivered items letter, the Mortgagor has agreed
                                                      to obtain a separate tax identification number for the
                                                      Mortgaged Property within 300 days of origination.
                                                      Taxes for the entire period will be escrowed until a
                                                      separate tax identification number is obtained.
-----------------  ---------------------------------  --------------------------------------------------------
       227         Trinidad Plaza                     As of the date of origination, the related Mortgaged
                                                      Property was part of a larger tax parcel. The Mortgagor
                                                      has agreed to obtain a separate tax identification
                                                      number for the Mortgaged Property. Taxes for the entire
                                                      period will be escrowed until a separate tax
                                                      identification number is obtained.
-----------------  ---------------------------------  --------------------------------------------------------
        70         Osprey Portfolio-Michigan          Pursuant to the Mortgage Loan documents, a portion of
                                                      the Mortgaged Property ("Gentz Release Parcel") may
                                                      swapped for an adjacent parcel ("Gentz New Parcel")
                                                      that is not a part of the Mortgaged Property. Taxes for
                                                      both parcels will be escrowed until tax parcel
                                                      identification numbers are assigned.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(18)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       146         Brookwood MHC                      Certain improvements at the Mortgaged Property,
                                                      including portions of mobile homes, garages and sheds,
                                                      lie outside the boundary lines. The Mortgage Loan is
                                                      recourse to the extent of the cost required to comply
                                                      with applicable building and zoning codes.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(19(a))

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       177         Bennett Center                     The mortgagee waived escrows for immediate repairs in
                                                      the amount of $9,113 recommended by the property
                                                      condition report.
-----------------  ---------------------------------  --------------------------------------------------------
        19         Pike Rune Village                  The mortgagee waived escrows for immediate repairs in
                                                      the amount of $8,700 recommended by the property
                                                      condition report.
-----------------  ---------------------------------  --------------------------------------------------------
        7          St. Julien Hotel & Spa             The mortgagee waived escrows for immediate repairs in
                                                      the amount of $13,000 recommended by the property
                                                      condition report.
-----------------  ---------------------------------  --------------------------------------------------------
       187         North Creek MHC                    The mortgagee waived escrows for immediate repairs in
                                                      the amount of $10,591 recommended by the property
                                                      condition report.
-----------------  ---------------------------------  --------------------------------------------------------
        64         Park Place Apartments              The mortgagee waived escrows for immediate repairs in
                                                      the amount of $5,400 recommended by the property
                                                      condition report.
-----------------  ---------------------------------  --------------------------------------------------------
        67         Haymarket Square                   The mortgagee waived escrows for immediate repairs in
                                                      the amount of $8,000 recommended by the property
                                                      condition report.
-----------------  ---------------------------------  --------------------------------------------------------
       212         Westdale Shopping Center           The mortgagee waived escrows for immediate repairs in
                                                      the amount of $43,019 recommended by the property
                                                      condition report.
-----------------  ---------------------------------  --------------------------------------------------------
       116         Meridian Center I                  The mortgagee waived escrows for immediate repairs in
                                                      the amount of $5,150 recommended by the property
                                                      condition report.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(19)(b)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       144         Fairfield Inn LN                   The Pennsylvania Department of Transportation has
                                                      notified the Mortgagor that it may condemn a portion of
                                                      the parking area of the Mortgaged Property in
                                                      connection with improvements to an adjoining roadway.
-----------------  ---------------------------------  --------------------------------------------------------
        94         Country Inn & Best Western         The North Carolina Department of Transportation has
                                                      indicated that it may condemn a portion of the
                                                      Mortgaged Property in connection with improvements to
                                                      an adjoining roadway.
-----------------  ---------------------------------  --------------------------------------------------------
       197         Holiday Inn-Weirton                The West Virginia Department of Transportation has
                                                      initiated a condemnation proceeding to condemn a
                                                      portion of the Mortgaged Property in connection with
                                                      improvements to an adjoining roadway.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(20(a-i))

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        7          St. Julien Hotel & Spa             The foundation tie backs for a portion of the
                                                      improvements extends into contiguous parcels owned by
                                                      the City of Boulder Central Area General Improvement
                                                      District pursuant to a ground lease expiring on May 7,
                                                      2023 in consideration of $1 annual rental payments. The
                                                      ground lease has been prepaid for its entire term.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(20(d))

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        68         Braker Lane Crossing               The Ground Lease does not provide that the mortgagee's
                                                      consent is required to amend, modify, cancel or
                                                      terminate the Ground Lease.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(20(f))

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        68         Braker Lane Crossing               The Ground Lease does not provide that the mortgagee
                                                      has the right to enter into a new lease following the
                                                      termination of the Ground Lease or rejection thereof by
                                                      a bankruptcy trustee or similar party.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(21(b))

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        16         AmeriCold Portfolio                The Environmental Site Assessment recommended the
                                                      implementation of an asbestos O&M Plan, but it was not
                                                      required by the mortgagee at closing.
-----------------  ---------------------------------  --------------------------------------------------------
       144         Fairfield Inn LN                   The Environmental Site Assessment recommended the
                                                      implementation of an asbestos O&M Plan, but it was not
                                                      required by the mortgagee at closing.
-----------------  ---------------------------------  --------------------------------------------------------
        68         Braker Lane Crossing               The Environmental Site Assessment recommended the
                                                      implementation of an asbestos O&M Plan, but it was not
                                                      required by the mortgagee at closing.
-----------------  ---------------------------------  --------------------------------------------------------
        81         DL Storage                         The Environmental Site Assessment recommended the
                                                      implementation of an asbestos O&M Plan, but it was not
                                                      required by the mortgagee at closing.
-----------------  ---------------------------------  --------------------------------------------------------
        5          Cabot Industrial Portfolio V       The Environmental Site Assessment recommended the
                                                      implementation of an asbestos O&M Plan, but it was not
                                                      required by the mortgagee at closing.
-----------------  ---------------------------------  --------------------------------------------------------
       210         109 Highland Ave                   The Environmental Site Assessment recommended the
                                                      implementation of an asbestos O&M Plan, but it was not
                                                      required by the mortgagee at closing.
-----------------  ---------------------------------  --------------------------------------------------------
       116         Meridian Center I                  The Environmental Site Assessment recommended the
                                                      implementation of an asbestos O&M Plan, but it was not
                                                      required by the mortgagee at closing.
-----------------  ---------------------------------  --------------------------------------------------------
        70         Osprey Portfolio-Michigan          The Environmental Site Assessment recommended the
                                                      implementation of an asbestos O&M Plan, but it was not
                                                      required by the mortgagee at closing.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(21(d))

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       109         Village Greens of Annapolis        This loan is secured by an IDOT. The indemnity
                                                      guarantor and not the Mortgagor, is required to comply
                                                      with environmental laws and regulations.
-----------------  ---------------------------------  --------------------------------------------------------
       211         9 Park Center Court                This loan is secured by an IDOT. The indemnity
                                                      guarantor and not the Mortgagor, is required to comply
                                                      with environmental laws and regulations.
-----------------  ---------------------------------  --------------------------------------------------------
        1          599 Lexington Avenue               The environmental indemnity contains a 1 year sunset
                                                      provision.
-----------------  ---------------------------------  --------------------------------------------------------
       241         Oakbrook Station                   The environmental indemnity contains a 5 year sunset
                                                      provision.
-----------------  ---------------------------------  --------------------------------------------------------
        21         Crossroads Center                  The environmental indemnity contains a 5 year sunset
                                                      provision.
-----------------  ---------------------------------  --------------------------------------------------------
       101         Coral Hills Shopping Center        This loan is secured by an IDOT. The indemnity
                                                      guarantor and not the Mortgagor, is required to comply
                                                      with environmental laws and regulations.
-----------------  ---------------------------------  --------------------------------------------------------
        51         River City Plaza Shopping Center   The environmental indemnity contains a 3 year sunset
                                                      provision.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(22)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       128         Brookmeadow                        So long as an event of default has not occurred or is
                                                      continuing, Mortgagor may maintain all-risk insurance
                                                      and comprehensive commercial general liability
                                                      insurance with a deductible that does not exceed
                                                      $50,000. The guarantor is responsible for all
                                                      deductibles that the Mortgagor fails to pay.
-----------------  ---------------------------------  --------------------------------------------------------
        90         York                               So long as an event of default has not occurred or is
                                                      continuing, Mortgagor may maintain all-risk insurance
                                                      and comprehensive commercial general liability
                                                      insurance with a deductible that does not exceed
                                                      $50,000. The guarantor is responsible for all
                                                      deductibles that the Mortgagor fails to pay.
-----------------  ---------------------------------  --------------------------------------------------------
       149         Woodfield                          So long as an event of default has not occurred or is
                                                      continuing, Mortgagor may maintain all-risk insurance
                                                      and comprehensive commercial general liability
                                                      insurance with a deductible that does not exceed
                                                      $50,000. The guarantor is responsible for all
                                                      deductibles that the Mortgagor fails to pay.
-----------------  ---------------------------------  --------------------------------------------------------
        3          Sabre Headquarters                 Mortgagor may maintain all-risk insurance with a
                                                      deductible that does not exceed $1,000,000.
                                                      Additionally, Mortgagor may maintain comprehensive
                                                      commercial general liability insurance with a
                                                      deductible that does not exceed $350,000. The guarantor
                                                      is responsible for all deductibles that the Mortgagor
                                                      fails to pay.

                                                      The Mortgagor is required to carry Insurance Policies
                                                      having a claims paying ability rating of "A" or better
                                                      (and the equivalent thereof) by at least two (2) of the
                                                      rating agencies rating the certificates, or, if only
                                                      one rating agency is rating the certificates, then only
                                                      by such rating agency; provided, however, that (i) the
                                                      first layer of coverage under such insurance will be
                                                      provided by carriers with a minimum financial strength
                                                      rating by S&P of "A" or better; (ii) 60% (75% if there
                                                      are four or fewer members in the syndicate) of the
                                                      aggregate limits under such Insurance Policies must be
                                                      provided by carriers with a minimum financial strength
                                                      rating from S&P of "A" or better and (iii) a financial
                                                      strength rating from S&P of at least "BBB".
-----------------  ---------------------------------  --------------------------------------------------------
        39         Airport Industrial Center          Mortgagor may maintain comprehensive commercial general
                                                      liability insurance with a deductible that does not
                                                      exceed $10,000.
-----------------  ---------------------------------  --------------------------------------------------------
       177         Bennett Center                     On the origination date, the mortgagee accepted
                                                      comprehensive commercial general liability insurance
                                                      that provides for a deductible of $1,000.
-----------------  ---------------------------------  --------------------------------------------------------
        16         AmeriCold Portfolio                Mortgagor may maintain all-risk insurance with a
                                                      deductible that does not exceed $250,000.

                                                      The Mortgage Loan documents also provide for a
                                                      earthquake and flood deductible of 5% of the insured
                                                      value of the Mortgaged Property.

                                                      For so long as five (5) or more insurance carriers are
                                                      providing the Insurance Policies, at least sixty
                                                      percent (60%) of such coverage shall be provided by
                                                      insurance companies having a claims paying ability
                                                      rating of "A " or better by S&P with the remaining
                                                      forty percent (40%) of such coverage being provided by
                                                      insurance companies having a claims paying ability
                                                      rating of "BBB " or better by S&P; provided, however,
                                                      with respect to the first One Hundred Million and
                                                      No/100 Dollars ($100,000,000.00) of coverage under such
                                                      Insurance Policies, not more than twenty percent (20%)
                                                      of such coverage shall be provided by insurance
                                                      companies with a claims paying ability rating lower
                                                      than "A " by S&P (but in no event lower than "BBB " by
                                                      S&P). In the event that four (4) or fewer insurance
                                                      carriers are providing the Insurance Policies, at least
                                                      seventy-five (75%) of such coverage shall be provided
                                                      by insurance companies having a claims paying ability
                                                      rating of "A " or better by S&P, with the remaining
                                                      twenty-five percent (25%) of such coverage being
                                                      provided by insurance companies having a claims paying
                                                      ability rating of "BBB-" or better by S&P.
-----------------  ---------------------------------  --------------------------------------------------------
        88         Neways Office Building             Mortgagor may maintain all-risk insurance and
                                                      comprehensive commercial general liability insurance
                                                      with a deductible that does not exceed $100,000. The
                                                      guarantor is responsible for these deductibles if the
                                                      Mortgagor fails to pay.
-----------------  ---------------------------------  --------------------------------------------------------
        38         Hampton Inn Coconut Grove          Mortgagor may maintain comprehensive commercial general
                                                      liability insurance with a deductible that does not
                                                      exceed $10,000. The Mortgage Loan documents also
                                                      provide for a windstorm deductible of 10% of the
                                                      insured value of the Mortgaged Property. The guarantor
                                                      is responsible for these deductibles if the Mortgagor
                                                      fails to pay.
-----------------  ---------------------------------  --------------------------------------------------------
       205         Beyerwood Apartments               Mortgagor may maintain comprehensive commercial general
                                                      liability insurance with a deductible that does not
                                                      exceed $1,000.
-----------------  ---------------------------------  --------------------------------------------------------
        93         Greenbriar Hills Apartments        Mortgagor may maintain comprehensive commercial general
                                                      liability insurance with a deductible that does not
                                                      exceed $5,000.
-----------------  ---------------------------------  --------------------------------------------------------
        61         Chowder Bay Apartments             Mortgagor may maintain comprehensive commercial general
                                                      liability insurance with a deductible that does not
                                                      exceed $2,500.
-----------------  ---------------------------------  --------------------------------------------------------
       195         Timber Ridge Apartments            Mortgagor may maintain comprehensive commercial general
                                                      liability insurance with a deductible that do not
                                                      exceed $2,500.
-----------------  ---------------------------------  --------------------------------------------------------
        1          599 Lexington Avenue               Mortgagor may maintain all-risk insurance with a
                                                      deductible that does not exceed $100,000 and windstorm
                                                      insurance with a deductible that does not exceed
                                                      $1,000,000.

                                                      The Mortgagor also is permitted to use a syndicate of
                                                      insurance providers so long as sixty percent (60%)
                                                      (seventy-five percent (75%) if there are four or fewer
                                                      members in the syndicate) of the aggregate limits under
                                                      such Insurance Policies must be provided by carriers
                                                      with a minimum financial strength rating from S&P of
                                                      "A-" or better; provided however, that up to twenty
                                                      percent (20%) of the Insurance Policies may be issued
                                                      by insurance companies that are not rated by any rating
                                                      agency provided that (i) any such un-rated insurer has
                                                      an A.M. Best rating of at least "A-X" and (ii) no
                                                      un-rated insurer provides the primary later of
                                                      insurance coverage.
-----------------  ---------------------------------  --------------------------------------------------------
        99         Corinthian Colleges                Mortgagor may maintain all-risk insurance with a
                                                      deductible that does not exceed $100,000.
-----------------  ---------------------------------  --------------------------------------------------------
       215         Walgreens-Mt. Laurel, NJ           Walgreens, the sole tenant at the Mortgaged Property,
                                                      is permitted to, and does, self insure.
-----------------  ---------------------------------  --------------------------------------------------------
       224         Autrans USA                        On the origination date, the mortgagee accepted
                                                      comprehensive commercial general liability insurance
                                                      that provides for a deductible of $500.
-----------------  ---------------------------------  --------------------------------------------------------
       161         All Storage Kelly Old Mill         Mortgagor may maintain all-risk insurance with a
                                                      deductible that does not exceed $50,000, so long as it
                                                      is consistent with the custom and practice in the
                                                      retail industry in the Dallas-Fort Worth Metroplex.
                                                      However, the guarantor is responsible for deductibles
                                                      in excess of $10,000.
-----------------  ---------------------------------  --------------------------------------------------------
       158         All Storage Trinity Precinct       Mortgagor may maintain all-risk insurance with a
                                                      deductible that does not exceed $50,000, so long as it
                                                      is consistent with the custom and practice in the
                                                      retail industry in the Dallas-Fort Worth Metroplex.
                                                      However, the guarantor is responsible for deductibles
                                                      in excess of $10,000.
-----------------  ---------------------------------  --------------------------------------------------------
       188         South Loop Shopping Center         Mortgagor may maintain all-risk insurance with a
                                                      deductible that does not exceed $50,000, so long as it
                                                      is consistent with the custom and practice in the
                                                      retail industry in the Dallas-Fort Worth Metroplex.
                                                      However, the guarantor is responsible for deductibles
                                                      in excess of $10,000.
-----------------  ---------------------------------  --------------------------------------------------------
       235         Office Max-Mesa, AZ                So long as Office Max, the sole tenant at the Mortgaged
                                                      Property, has a credit rating of "B+" by S&P, it is
                                                      permitted to, and does, self insure for deductibles up
                                                      to $1,000,000 for all-risk and comprehensive commercial
                                                      general liability insurance. However, the guarantor is
                                                      responsible for these deductibles. Additionally, if the
                                                      credit rating drops below "B+" by S&P, the Mortgagor
                                                      has agreed to retain an insurance policy covering these
                                                      deductibles.
-----------------  ---------------------------------  --------------------------------------------------------
        89         Pleasant Valley Plaza              Mortgagor may maintain comprehensive commercial general
                                                      liability insurance with a deductible that does not
                                                      exceed $1,000.
-----------------  ---------------------------------  --------------------------------------------------------
        21         Crossroads Center                  Various tenants at the Mortgaged Property are permitted
                                                      to self insure. Additionally, if the tenants self
                                                      insure, they are permitted to carry insurance (i)
                                                      through carriers that have claims paying ability
                                                      ratings below what is required by the representations
                                                      and warranties and (ii) with lesser coverages than what
                                                      is required by the representations and warranties.
-----------------  ---------------------------------  --------------------------------------------------------
        5          Cabot Industrial Portfolio V       Mortgagor may maintain all-risk insurance with a
                                                      deductible that does not exceed $50,000.

                                                      The Mortgagor is required to carry Insurance Policies
                                                      having a claims paying ability rating of "A" or better
                                                      (and the equivalent thereof); provided, however, that
                                                      (i) the first layer of coverage under such insurance
                                                      will be provided by carriers with a minimum financial
                                                      strength rating by S&P of "A" or better; (ii) 60% (75%
                                                      if there are four or fewer members in the syndicate) of
                                                      the aggregate limits under such Insurance Policies must
                                                      be provided by carriers with a minimum financial
                                                      strength rating from S&P of "A" or better and (iii) a
                                                      financial strength rating from S&P of at least "BBB".
-----------------  ---------------------------------  --------------------------------------------------------
        2          River City Marketplace             Mortgagor may maintain all-risk insurance with a
                                                      deductible that does not exceed $50,000. Additionally,
                                                      the Mortgage Loan documents provide for a windstorm
                                                      deductible of 10% of the insured value of the Mortgaged
                                                      Property.
-----------------  ---------------------------------  --------------------------------------------------------
       202         Brighton Court Apartments          Mortgagor may maintain comprehensive commercial general
                                                      liability insurance with a deductible that does not
                                                      exceed $5,000.
-----------------  ---------------------------------  --------------------------------------------------------
       137         Hampton Inn Juno Beach             The Mortgage Loan documents provide for a windstorm
                                                      deductible of $120,000.
-----------------  ---------------------------------  --------------------------------------------------------
        30         Park Terrace                       Mortgagor may maintain comprehensive commercial general
                                                      liability insurance with a deductible that does not
                                                      exceed $1,000.
-----------------  ---------------------------------  --------------------------------------------------------
        37         Del Prado Anaheim                  Mortgagor may maintain comprehensive commercial general
                                                      liability insurance with a deductible that does not
                                                      exceed $1,000.
-----------------  ---------------------------------  --------------------------------------------------------
        51         River City Plaza Shopping Center   Chili's, a tenant at the Mortgaged Property, is
                                                      permitted to self insure.
-----------------  ---------------------------------  --------------------------------------------------------
                   All Loans                          Although the Mortgage Loan Documents require
                                                      comprehensive general liability insurance consistent
                                                      with this representation and warranty, as of the date
                                                      hereof, the mortgagee has not received evidence of the
                                                      endorsement necessary to include it as an additional
                                                      insured. At closing, the mortgagee accepted evidence of
                                                      comprehensive commercial general liability insurance
                                                      and its inclusion as an additional insured on
                                                      standard Accord form 25 or other similar forms.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(24)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       144         Fairfield Inn LN                   The Pennsylvania Department of Transportation has
                                                      notified the Mortgagor that it may condemn a portion of
                                                      the parking area of the Mortgaged Property in
                                                      connection with improvements to the adjoining roadway.
-----------------  ---------------------------------  --------------------------------------------------------
        94         Country Inn & Best Western         The North Carolina Department of Transportation has
                                                      indicated that it may condemn a portion of the
                                                      Mortgaged Property in connection with improvements to
                                                      the adjoining roadway.
-----------------  ---------------------------------  --------------------------------------------------------
       197         Holiday Inn-Weirton                The West Virginia Department of Transportation has
                                                      initiated a condemnation proceeding to condemn a
                                                      portion of the Mortgaged Property in connection with
                                                      improvements to an adjoining roadway.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(27)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       109         Village Greens of Annapolis        This loan is secured by an IDOT. The indemnity
                                                      guarantor and not the Mortgagor, is required to provide
                                                      financial information to the mortgagee.
-----------------  ---------------------------------  --------------------------------------------------------
       211         9 Park Center Court                This loan is secured by an IDOT. The indemnity
                                                      guarantor and not the Mortgagor, is required to provide
                                                      financial information to the mortgagee.
-----------------  ---------------------------------  --------------------------------------------------------
        99         Corinthian Colleges                The Mortgagor is not required to provide the mortgagee
                                                      with annual operating statements and financial
                                                      statements; however, the Mortgagor is required to
                                                      provide the mortgagee with quarterly and year-to-date
                                                      operating statements.
-----------------  ---------------------------------  --------------------------------------------------------
       101         Coral Hills Shopping Center        This loan is secured by an IDOT. The indemnity
                                                      guarantor and not the Mortgagor, is required to provide
                                                      financial information to the mortgagee.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(30)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        22         Royal Oaks Plaza                   Although the Mortgagor is otherwise a special purpose
                                                      entity, it is permitted to own 1,000 vending machines.
-----------------  ---------------------------------  --------------------------------------------------------
        37         Del Prado Anaheim                  Although the Mortgagor is otherwise a special purpose
                                                      entity, it is permitted to own mobile homes and the
                                                      commercial paper that would secure the mobile homes in
                                                      the event of their sale.
-----------------  ---------------------------------  --------------------------------------------------------
        30         Park Terrace                       Although the Mortgagor is otherwise a special purpose
                                                      entity, it is permitted to own mobile homes and the
                                                      commercial paper that would secure the mobile homes in
                                                      the event of their sale.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(32)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        3          Sabre Headquarters                 Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
        39         Airport Industrial Center          Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.

                                                      Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        16         AmeriCold Portfolio                Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
        38         Hampton Inn Coconut Grove          Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       179         Hollywood Estates                  Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       126         Kingsway Estates                   Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        1          599 Lexington Avenue               Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
       225         Redwood                            Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       154         Pleasant Ridge                     Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        86         Farmington Estates                 Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       135         Maple Grove Estates                Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        88         Neways Office Building             Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
        59         Invesco Portfolio                  Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
       109         Village Greens of Annapolis        The Mortgage Loan documents allow the Mortgage Loan to
                                                      be subordinated to a construction loan to a tenant to
                                                      construct leasehold improvements on an outparcel.
-----------------  ---------------------------------  --------------------------------------------------------
       168         2150/2250 Butterfield              Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       117         AT&T Beaumont Call Centre          Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
        15         Lincoln Place Shopping Center      Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
        93         Greenbriar Hills Apartments        Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        61         Chowder Bay Apartments             The direct owner of 100% of the Mortgagor has pledged
                                                      its ownership interests in the Mortgagor to secure a
                                                      mezzanine loan held by Arbor Realty SR, Inc. If such
                                                      entity defaults on the mezzanine loan, the interests in
                                                      such direct owner will be transferred to such mezzanine
                                                      lender.
-----------------  ---------------------------------  --------------------------------------------------------
       211         9 Park Center Court                Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
       226         3145 Rochambeau Avenue             Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
        64         Park Place Apartments              Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        99         Corinthian Colleges                Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
       180         Colonial Estates                   Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        74         Town & Country                     Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       194         Sunny Acres Estates                Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       163         Valley Oaks                        Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       114         Pleasant Valley                    Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       125         Edgebrook                          Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       145         Shoreline Terrace                  Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       124         Midway Estates                     Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        60         Shady Oaks                         Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       161         All Storage Kelly Old Mill         Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.

                                                      Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       158         All Storage Trinity Precinct       Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.

                                                      Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
       188         South Loop Shopping Center         Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.

                                                      Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        10         Temple U Health System             Subject to the satisfaction of certain conditions,
                   Headquarters                       transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
        89         Pleasant Valley Plaza              Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.

                                                      Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        82         4600 Powder Mill Road              Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        95         Smithfield Plaza                   Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
       101         Coral Hills Shopping Center        Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        5          Cabot Industrial Portfolio V       Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.

                                                      Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        2          River City Marketplace             Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
        9          Doubletree Guest Suites            Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.

                                                      The direct owner of 100% of the Mortgagor has pledged
                                                      its ownership interests in the Mortgagor to secure a
                                                      mezzanine loan held by Allied Capital Corporation. If
                                                      such entity defaults on the mezzanine loan, the
                                                      interests in such direct owner will be transferred to
                                                      such mezzanine lender.
-----------------  ---------------------------------  --------------------------------------------------------
       216         Gold's Gym-Greenville              Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        30         Park Terrace                       Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
        37         Del Prado Anaheim                  Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
        51         River City Plaza Shopping Center   Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
        70         Osprey Portfolio-Michigan          Subject to the satisfaction of certain conditions,
                                                      transfers to affiliates and other entities or
                                                      individuals are permitted pursuant to the Mortgage Loan
                                                      documents.
-----------------  ---------------------------------  --------------------------------------------------------
       162         University Park Apartments Purdue  Subject to the satisfaction of certain criteria, the
                                                      Mortgage Loan documents allow members of the Mortgagor
                                                      the right to pledge their interests in the Mortgagor to
                                                      secure a mezzanine loan pursuant to the security
                                                      instrument.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(33)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        16         AmeriCold Portfolio                The Mortgaged Property secures the Mortgage Loan
                                                      (consisting of a Fixed Rate A-2-C Note), a Fixed Rate
                                                      A-1-A Note, a Fixed Rate A-1-B Note, a Fixed Rate A-2-A
                                                      Note and a Fixed Rate A-2-B Note (each of which is pari
                                                      passu with the Mortgage Loan and is not included in the
                                                      trust fund).
-----------------  ---------------------------------  --------------------------------------------------------
        1          599 Lexington Avenue               The Mortgaged Property secures the Mortgage Loan
                                                      (consisting of a Fixed Rate A-2 Note), a Fixed Rate A-1
                                                      Note, a Fixed Rate A-3 Note, and a Fixed Rate A-4 Note
                                                      (each of which is pari passu with the Mortgage Loan and
                                                      is not included in the trust fund).
-----------------  ---------------------------------  --------------------------------------------------------
        96         Holiday Inn Express - Temecula     The Mortgaged Property secures the Mortgage Loan and a
                                                      B-Note held by CBA-Mezzanine Capital Finance, LLC.
-----------------  ---------------------------------  --------------------------------------------------------
       123         Veteran's Parkway                  The Mortgaged Property secures the Mortgage Loan and a
                                                      B-Note held by CBA-Mezzanine Capital Finance, LLC.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(35)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        16         AmeriCold Portfolio                Each AmeriCold Portfolio property may be released from
                                                      the lien of the Mortgage upon defeasance of an amount
                                                      equal to between 105% and 115% of the allocated loan
                                                      amount.

                                                      The Mortgagor may obtain a release of an individual
                                                      Mortgaged Property by substituting its interest in
                                                      other properties as collateral during the term of the
                                                      Mortgage Loan, subject to certain conditions as set
                                                      forth in the related Mortgage Loan documents.
-----------------  ---------------------------------  --------------------------------------------------------
       168         2150/2250 Butterfield              The 2250 building of the 2150/2250 Butterfield property
                                                      may be released from the lien of the Mortgage upon
                                                      defeasance of an amount equal to 110% of the allocated
                                                      loan amount.
-----------------  ---------------------------------  --------------------------------------------------------
       224         Autrans USA                        The Autrans USA Mortgage Loan and Promax Logistics
                                                      Mortgage Loan are cross-collateralized. The Autrans USA
                                                      property may be released from the cross
                                                      collateralization provisions of the Mortgage Loan
                                                      documents upon escrowing $302,100.
-----------------  ---------------------------------  --------------------------------------------------------
        5          Cabot Industrial Portfolio V       Each Cabot Industrial Portfolio V property may be
                                                      released from the lien of the Mortgage upon defeasance
                                                      of an amount equal to 115% of the allocated loan amount.

                                                      The Mortgagor may obtain a release of an individual
                                                      Mortgaged Property by substituting its interest in
                                                      other properties as collateral during the term of the
                                                      Mortgage Loan, subject to certain conditions as set
                                                      forth in the related Mortgage Loan documents.
-----------------  ---------------------------------  --------------------------------------------------------
        70         Osprey Portfolio-Michigan          Each Osprey Portfolio-Michigan property may be released
                                                      from the lien of the Mortgage upon defeasance of an
                                                      amount equal to 110% of the allocated loan amount.

                                                      The Mortgagor may obtain a release of an individual
                                                      Mortgaged Property by substituting its interest in
                                                      other properties as collateral during the term of the
                                                      Mortgage Loan, subject to certain conditions as set
                                                      forth in the related Mortgage Loan documents.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(36)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       109         Village Greens of Annapolis        Because the Mortgage Loan is structured for tax
                                                      purposes as an IDOT, the indemnity guarantor of the
                                                      IDOT owns the related Mortgaged Property instead of the
                                                      related Mortgagor.
-----------------  ---------------------------------  --------------------------------------------------------
       211         9 Park Center Court                Because the Mortgage Loan is structured for tax
                                                      purposes as an IDOT, the indemnity guarantor of the
                                                      IDOT owns the related Mortgaged Property instead of the
                                                      related Mortgagor.
-----------------  ---------------------------------  --------------------------------------------------------
       101         Coral Hills Shopping Center        Because the Mortgage Loan is structured for tax
                                                      purposes as an IDOT, the indemnity guarantor of the
                                                      IDOT owns the related Mortgaged Property instead of the
                                                      related Mortgagor.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(37)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        16         AmeriCold Portfolio                The various Mortgaged Properties are legally
                                                      nonconforming due to parking deficiencies of 631
                                                      spaces. There are 77 existing parking spaces at the
                                                      various Mortgaged Properties.
-----------------  ---------------------------------  --------------------------------------------------------
       232         Hampton Inn Dry Ridge              The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 5 spaces. There are 62 existing
                                                      parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
        88         Neways Office Building             The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 15 spaces. There are 267
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       183         Carriage Court Apartments          The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 88 spaces. There are 239
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       227         Trinidad Plaza                     The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 175 spaces. There are 111
                                                      existing parking spaces at the Mortgaged Property.
                                                      Based on the survey prepared by Rubino Surveying on
                                                      January 23, 2007, and revised on January 30, 2007, the
                                                      Mortgaged Property could be restriped to add 144
                                                      parking spaces.
-----------------  ---------------------------------  --------------------------------------------------------
        52         Lenox Plaza Shopping Center        The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 45 spaces. There are 200
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       198         The Examiner Building              The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 53 spaces. There are 32
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       205         Beyerwood Apartments               The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 39 spaces. There are 61
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
        93         Greenbriar Hills Apartments        The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 10 spaces. There are 397
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       162         University Park Apartments Purdue  The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 210 spaces. There are no
                                                      existing striped parking spaces at the Mortgaged
                                                      Property; however, the mortgagee believes that based on
                                                      the survey and zoning report, there is sufficient space
                                                      to stripe 210 spaces.
-----------------  ---------------------------------  --------------------------------------------------------
        7          St. Julien Hotel & Spa             The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 6 spaces. There are 650
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       226         3145 Rochambeau Avenue             The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 23 spaces. There are no
                                                      existing striped parking spaces at the Mortgaged
                                                      Property.
-----------------  ---------------------------------  --------------------------------------------------------
        64         Park Place Apartments              The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 75 spaces. There are 161
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       184         Redners Market-Reading, PA         The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 4 spaces. There are 233
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       195         Timber Ridge Apartments            The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 28 spaces. There are 335
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       172         Promax Logistics                   The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 177 spaces. There are 32
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       224         Autrans USA                        The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 106 spaces. There are 81
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       140         430/487 Market Street              The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 22 spaces. There are 94
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
        24         Zidan-Springhill and Walnut Creek  The various Mortgaged Properties are legally
                                                      nonconforming due to parking deficiencies of 36 spaces.
                                                      There are 564 existing parking spaces at the various
                                                      Mortgaged Properties.
-----------------  ---------------------------------  --------------------------------------------------------
       114         Pleasant Valley                    The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 160 spaces. There are 4
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       123         Veteran's Parkway                  The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 35 spaces. There are 125
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
        5          Cabot Industrial Portfolio V       The various Mortgaged Properties are legally
                                                      nonconforming due to parking deficiencies of 296
                                                      spaces. There are 965 existing parking spaces at the
                                                      various Mortgaged Properties.
-----------------  ---------------------------------  --------------------------------------------------------
       206         Countryside Portfolio              The various Mortgaged Properties are legally
                                                      nonconforming due to parking deficiencies of 598
                                                      spaces. There are no existing striped parking spaces at
                                                      the Mortgaged Properties.
-----------------  ---------------------------------  --------------------------------------------------------
       210         109 Highland Ave                   The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 120 spaces. There are no
                                                      existing striped parking spaces at the Mortgaged
                                                      Property.
-----------------  ---------------------------------  --------------------------------------------------------
       202         Brighton Court Apartments          The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 52 spaces. There are 194
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       137         Hampton Inn Juno Beach             The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 8 spaces. There are 88 existing
                                                      parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
       197         Holiday Inn-Weirton                The Mortgaged Property is legally nonconforming due to
                                                      a parking deficiency of 30 spaces. There are 221
                                                      existing parking spaces at the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
        70         Osprey Portfolio-Michigan          The various Mortgaged Properties are legally
                                                      nonconforming due to parking deficiencies of 229
                                                      spaces. There are 414 existing parking spaces at the
                                                      various Mortgaged Properties.
-----------------  ---------------------------------  --------------------------------------------------------
       128         Brookmeadow                        The Mortgaged Property is nonconforming due to a
                                                      setback violation. Additionally, law and ordinance
                                                      coverage is not in place. In lieu of law and ordinance
                                                      coverage, the Mortgage Loan is recourse to the extent
                                                      of losses incurred due to the failure of the Mortgaged
                                                      Property to comply with applicable zoning requirements.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(41)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
       194         Sunny Acres Estates                The Mortgaged Property is serviced by private water
                                                      wells. However, in addition to the standard recourse
                                                      carveouts, the Mortgage Loan is recourse to the extent
                                                      there are any losses due to the lack of public water
                                                      service to the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
        60         Shady Oaks                         The Mortgaged Property is serviced by private water
                                                      wells. However, in addition to the standard recourse
                                                      carveouts, the Mortgage Loan is recourse to the extent
                                                      there are any losses due to the lack of public water
                                                      service to the Mortgaged Property.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

Representation #(42)

<TABLE>
<CAPTION>

-----------------  ---------------------------------  --------------------------------------------------------
   Loan Number                 Loan Name                              Description of Exception
-----------------  ---------------------------------  --------------------------------------------------------
<S>                <C>                                <C>
        39         Airport Industrial Center          Terrorism insurance premiums are capped at $25,000 per
                                                      year, subject to annual increases based on the Consumer
                                                      Price Index.
-----------------  ---------------------------------  --------------------------------------------------------
        3          Sabre Headquarters                 Terrorism insurance premiums are capped at $125,000 per
                                                      year, subject to annual increases based on the Consumer
                                                      Price Index.
-----------------  ---------------------------------  --------------------------------------------------------
        7          St. Julien Hotel & Spa             Terrorism insurance premiums are capped at $100,000 per
                                                      year.
-----------------  ---------------------------------  --------------------------------------------------------
       183         Carriage Court Apartments          Terrorism premiums are capped at 200% of the amount of
                                                      the premium paid by the Mortgagor in the first year
                                                      terrorism coverage was obtained.
-----------------  ---------------------------------  --------------------------------------------------------
       206         Countryside Portfolio              Terrorism premiums are capped at 200% of the amount of
                                                      the premium paid by the Mortgagor in the first year
                                                      terrorism coverage was obtained.
-----------------  ---------------------------------  --------------------------------------------------------
       236         Country Club Terrace MHC           Terrorism premiums are capped at 200% of the amount of
                                                      the premium paid by the Mortgagor in the first year
                                                      terrorism coverage was obtained.
-----------------  ---------------------------------  --------------------------------------------------------
       146         Brookwood MHC                      Terrorism premiums are capped at 200% of the amount of
                                                      the premium paid by the Mortgagor in the first year
                                                      terrorism coverage was obtained.
-----------------  ---------------------------------  --------------------------------------------------------
       187         North Creek MHC                    Terrorism premiums are capped at 200% of the amount of
                                                      the premium paid by the Mortgagor in the first year
                                                      terrorism coverage was obtained.
-----------------  ---------------------------------  --------------------------------------------------------
       231         Riviera Heights MHC                Terrorism premiums are capped at 200% of the amount of
                                                      the premium paid by the Mortgagor in the first year
                                                      terrorism coverage was obtained.
-----------------  ---------------------------------  --------------------------------------------------------
        22         Royal Oaks Plaza                   Terrorism insurance premiums are capped at $35,000 per
                                                      year, subject to annual increases based on the Consumer
                                                      Price Index.
-----------------  ---------------------------------  --------------------------------------------------------
       161         All Storage Kelly Old Mill         Terrorism insurance premiums are capped at $10,000 per
                                                      year.
-----------------  ---------------------------------  --------------------------------------------------------
       158         All Storage Trinity Precinct       Terrorism insurance premiums are capped at $10,000 per
                                                      year.
-----------------  ---------------------------------  --------------------------------------------------------
       188         South Loop Shopping Center         Terrorism insurance premiums are capped at $10,000 per
                                                      year.
-----------------  ---------------------------------  --------------------------------------------------------
        5          Cabot Industrial Portfolio V       Terrorism insurance premiums are capped at $150,000 per
                                                      year.
-----------------  ---------------------------------  --------------------------------------------------------
        2          River City Marketplace             Terrorism insurance premiums are capped at $230,335 per
                                                      year.
-----------------  ---------------------------------  --------------------------------------------------------
        40         Las Palmas Shopping Center         Terrorism premiums are capped at an annual amount equal
                                                      to 200% of the cost to purchase a stand alone terrorism
                                                      policy.
-----------------  ---------------------------------  --------------------------------------------------------
        63         Water's Edge Apartments            Terrorism insurance premiums are capped at $12,500 per
                                                      year.
-----------------  ---------------------------------  --------------------------------------------------------
        51         River City Plaza Shopping Center   Terrorism insurance premiums are capped at $23,000 per
                                                      year. Additionally, Chili's, a tenant at the Mortgaged
                                                      Property, is not required to, and does not maintain,
                                                      terrorism coverage.
-----------------  ---------------------------------  --------------------------------------------------------
        30         Park Terrace                       Terrorism insurance premiums are capped at 200% of the
                                                      cost of all-risk insurance.
-----------------  ---------------------------------  --------------------------------------------------------
        37         Del Prado Anaheim                  Terrorism insurance premiums are capped at 200% of the
                                                      cost of all-risk insurance.
-----------------  ---------------------------------  --------------------------------------------------------
        70         Osprey Portfolio-Michigan          Terrorism insurance premiums are capped at $30,000 per
                                                      year.
-----------------  ---------------------------------  --------------------------------------------------------
        21         Crossroads Center                  Various tenants at the Mortgaged Property are permitted
                                                      to self insure; however, if the tenants self insure,
                                                      they are not required to maintain terrorism coverage.
-----------------  ---------------------------------  --------------------------------------------------------
        1          599 Lexington Avenue               Terrorism insurance premiums are capped at $825,000 per
                                                      year, subject to annual increases based on the Consumer
                                                      Price Index.
-----------------  ---------------------------------  --------------------------------------------------------
        16         AmeriCold Portfolio                Terrorism insurance premiums are capped at $250,000 per
                                                      year.
-----------------  ---------------------------------  --------------------------------------------------------
</TABLE>

<PAGE>

                                    EXHIBIT D

                          FORM OF OFFICER'S CERTIFICATE

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

1.      I have examined the Mortgage Loan Purchase Agreement, dated as of June
        14, 2007 (the "Agreement"), between the Company and J.P. Morgan Chase
        Commercial Mortgage Securities Corp., and all of the representations and
        warranties of the Company under the Agreement are true and correct in
        all material respects on and as of the date hereof with the same force
        and effect as if made on and as of the date hereof.

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

3.      I have examined the information regarding the Mortgage Loans in each
        Free Writing Prospectus (as defined in the Indemnification Agreement),
        when read in conjunction with the other Time of Sale Information (as
        defined in the Indemnification Agreement), the Prospectus, dated March
        9, 2007, as supplemented by the Prospectus Supplement, dated June 5,
        2007 (collectively, the "Prospectus"), relating to the offering of the
        Class A-1, Class A-2, Class A-3, Class A-4, Class A-SB, Class A-1A,
        Class X, Class A-M, Class A-J, Class B, Class C, Class D and Class E
        Certificates, the Private Placement Memorandum, dated June 5, 2007 (the
        "Privately Offered Certificate Private Placement Memorandum"), relating
        to the offering of the Class F, Class G, Class H, Class J, Class K,
        Class L, Class M, Class N, Class P, Class Q and Class NR Certificates,
        and the Residual Private Placement Memorandum, dated June 5, 2007
        (together with the Privately Offered Certificate Private Placement
        Memorandum, the "Private Placement Memoranda"), relating to the offering
        of the Class R and Class LR Certificates, and nothing has come to my
        attention that would lead me to believe that any Free Writing
        Prospectus, including any diskette attached thereto, when read in
        conjunction with the other Time of Sale Information, as of the Time of
        Sale (as defined in the Indemnification Agreement) or as of the date
        hereof, the Prospectus, as of the date of the Prospectus Supplement or
        as of the date hereof, or the Private Placement Memoranda, as of the
        date of the Private Placement Memoranda or as of the date hereof,
        included or includes any untrue statement of a material fact relating to
        the Mortgage Loans or in the case of any Free Writing Prospectus, when
        read in conjunction with the other Time of Sale Information, omitted or
        omits to state therein a material fact necessary in order to make the
        statements therein relating to the Mortgage Loans, in light of the
        circumstances under which they were made, not misleading.

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

<PAGE>

               IN WITNESS WHEREOF, I have signed my name this 14th day of June
2007.

                                               By:_____________________________
                                                   Name:
                                                   Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]