Exhibit 99.1
EXECUTION
MORTGAGE LOAN PURCHASE AGREEMENT
Mortgage Loan Purchase Agreement, dated as of May 1, 1998 (the
"Agreement"), between Xxxxxx Brothers Holdings Inc., doing business as Xxxxxx
Capital, a division of Xxxxxx Brothers Holdings Inc. (the "Seller") and First
Union Commercial Mortgage Securities, Inc. (the "Purchaser").
The Seller intends to sell and the Purchaser intends to purchase
certain multifamily and commercial mortgage loans (the "Xxxxxx Mortgage Loans")
as provided herein. The Purchaser intends to deposit them, together with the
Other Mortgage Loans (as defined below), into a trust fund (the "Trust Fund"),
the beneficial ownership of which will be evidenced by multiple classes (each, a
"Class") of mortgage pass-through certificates (the "Certificates"). One or more
"real estate mortgage investment conduit" ("REMIC") elections will be made with
respect to the Trust Fund. The Trust Fund will be created and the Certificates
will be issued pursuant to a Pooling and Servicing Agreement (the "Pooling and
Servicing Agreement"), dated as of the Cut-off Date, among the Purchaser as
depositor, First Union National Bank as master servicer (in such capacity, the
"Master Servicer"), CRIIMI MAE Services Limited Partnership as special servicer
(in such capacity, the "Special Servicer"), and Norwest Bank Minnesota, National
Association as trustee (the "Trustee"). Concurrently with the purchase of the
Xxxxxx Mortgage Loans pursuant to this Agreement, the Purchaser will also
purchase certain multifamily and commercial mortgage loans (the "Other Mortgage
Loans"; and, collectively with the Xxxxxx Mortgage Loans, the "Mortgage Loans")
pursuant to two Mortgage Loan Purchase Agreements, each dated as of May 1, 1998,
between, in one case, First Union National Bank and the Purchaser, and between,
in the other case, Bank of America NT&SA and the Purchaser. The Other Mortgage
Loans will likewise be deposited into the Trust Fund. Capitalized terms used but
not defined herein have the respective meanings set forth in the Pooling and
Servicing Agreement.
Now, therefore, in consideration of the premises and the mutual
agreements set forth herein, the parties agree as follows:
SECTION 1. Agreement to Purchase.
(a) The Seller agrees to sell, and the Purchaser agrees to purchase,
the Xxxxxx Mortgage Loans identified on the schedule (the "Mortgage Loan
Schedule") annexed hereto as Exhibit A. The Mortgage Loan Schedule may be
amended to reflect the actual Mortgage Loans delivered to the Purchaser pursuant
to the
terms hereof. The Xxxxxx Mortgage Loans will have an aggregate principal balance
of $1,729,671,085.00 (the "Xxxxxx Balance") (subject to a variance of plus or
minus 5.0%) as of the close of business on the Cut-off Date, after giving effect
to any payments due on or before such date whether or not received. The Xxxxxx
Balance, together with the aggregate principal balance of the Other Mortgage
Loans as of the Cut-Off Date (after giving effect to any payments due on or
before such date whether or not received), shall equal an aggregate principal
balance (the "Initial Pool Balance") of $3,408,048,239 (subject to a variance of
plus or minus 5%). The purchase and sale of the Xxxxxx Mortgage Loans shall take
place on May 28, 1998 or such other date as shall be mutually acceptable to the
parties hereto (the "Closing Date"). The consideration for the Xxxxxx Mortgage
Loans shall consist of a cash amount equal to $1,774,790,381 (the "Aggregate
Purchase Price") (which is equal to the Xxxxxx Balance plus interest accrued on
the Xxxxxx Balance at the related Net Mortgage Rate for the period from and
including the Cut-off Date up to but not including the Closing Date less fees
and expenses payable by the Seller) which cash amount shall be paid to the
Seller or its designee by wire transfer in immediately available funds on the
Closing Date.
The Purchaser will assign to the Trustee, all of its right, title
and interest in and to the Xxxxxx Mortgage Loans.
SECTION 2. Conveyance of Mortgage Loans.
(a) Effective as of the Closing Date, subject only to receipt of the
purchase price referred to in Section 1 hereof, the Seller does hereby sell,
transfer, assign, set over and otherwise convey to the Purchaser, without
recourse, all the right, title and interest of the Seller in and to the Xxxxxx
Mortgage Loans identified on the Mortgage Loan Schedule as of such date other
than the primary servicing rights. The Mortgage Loan Schedule, as it may be
amended, shall conform to the requirements set forth in this Agreement and the
Pooling and Servicing Agreement.
(b) The Purchaser or its assignee shall be entitled to receive all
scheduled payments of principal and interest due after the Cut-off Date, and all
other recoveries of principal and interest collected after the Cut-off Date
(other than in respect of principal and interest on the Xxxxxx Mortgage Loans
due on or before the Cut-off Date). 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 Xxxxxx Mortgage Loans due on
or before the Cut-off Date and principal prepayments thereon), shall belong to,
and be promptly remitted to, the Seller.
(c) The Seller hereby represents and warrants that it has, on behalf
of the Purchaser, delivered to the Trustee, the
documents and instruments specified below with respect to each Xxxxxx Mortgage
Loan (each a "Mortgage File"). All Mortgage Files so delivered will be held by
the Trustee in escrow at all times prior to the Closing Date. Each Mortgage File
shall, except as otherwise disclosed on Exhibit B hereto, contain the following
documents:
(i) the original executed Mortgage Note (or a lost note affidavit
and indemnity with a copy of such Mortgage Note attached
thereto) together with any intervening endorsements thereon,
endorsed (without recourse, representation or warranty,
express or implied) to the order of NORWEST BANK MINNESOTA,
NATIONAL ASSOCIATION, as trustee for the registered holders of
First Union-Xxxxxx Brothers-Bank of America Commercial
Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 1998-C2 or in blank;
(ii) an original or copy of the Mortgage and any intervening
assignments thereof, in each case with evidence of recording
indicated thereon;
(iii) an original or copy of any related Assignment of Leases (if
such item is a document separate from the Mortgage), together
with any intervening assignments thereof, in each case with
evidence of recording indicated thereon;
(iv) an original executed assignment, in recordable form, of (a)
the Mortgage, (b) any related Assignment of Leases (if such
item is a document separate from the Mortgage) and (c) any
other recorded document relating to the Mortgage Loan
otherwise included in the Mortgage File, in favor of NORWEST
BANK MINNESOTA, NATIONAL ASSOCIATION, as trustee for the
registered holders of First Union-Xxxxxx Brothers-Bank of
America Commercial Mortgage Trust, Commercial Mortgage
Pass-Through Certificates, Series 1998-C2 in recordable form;
(v) an original assignment of all unrecorded documents relating to
the Mortgage Loan, in favor of NORWEST BANK MINNESOTA,
NATIONAL ASSOCIATION, as trustee for the registered holders of
First Union-Xxxxxx Brothers-Bank of America Commercial
Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 1998-C2;
(vi) originals or copies of any written modification agreements in
those instances where the terms or provisions of the Mortgage
or Mortgage Note have been modified;
(vii) the original or a copy of the policy or certificate of
lender's title insurance issued on the date of the origination
of such Mortgage Loan, or, if such policy has not been issued,
an irrevocable, binding commitment to issue such title
insurance policy; and
(viii) any filed copies (with evidence of filing) of any prior UCC
Financing Statements in favor of the originator of such
Mortgage Loan or in favor of any assignee prior to the Trustee
(but only to the extent the Seller had possession of such UCC
Financing Statements prior to the Closing Date) and, if there
is an effective UCC Financing Statement in favor of the Seller
on record with the applicable public office for UCC Financing
Statements, an original UCC-2 or UCC-3 assignment, in form
suitable for filing, as appropriate, in favor of NORWEST BANK
MINNESOTA, NATIONAL ASSOCIATION, as trustee for the registered
holders of First Union-Xxxxxx Brothers-Bank of America
Commercial Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 1998-C2; and
(ix) an original or copy of any Ground Lease, any Credit Lease and
any Lease Enhancement Policy or Guaranty.
(d) Within 30 days following the Closing Date, the Purchaser shall
submit or cause to be submitted for recordation or filing, as the case may be,
in the appropriate public office for real property records or Uniform Commercial
Code financing statements, as appropriate, each assignment of Mortgage and each
assignment of Assignment of Leases referred to in clause (iv) of subsection (c)
above and each UCC-2 and UCC-3 in favor of and delivered to the Trustee
constituting part of the Mortgage File. If any such document or instrument is
lost or returned unrecorded or unfiled, as the case may be, because of a defect
therein, then the Seller shall prepare a substitute therefor or cure such defect
or cause such to be done, as the case may be, and the Seller shall deliver such
substitute or corrected document or instrument to the Purchaser or its designee.
(e) All documents and records (except attorney-client privileged
communication and internal credit analysis of the Seller) relating to each
Xxxxxx Mortgage Loan and in the Seller's possession (the "Additional Mortgage
Loan Documents") that are not required to be delivered to the Trustee shall be
delivered or caused to be delivered by the Seller to the Master Servicer or at
the direction of the Master Servicer to the appropriate sub-servicer, together
with any related escrow amounts and reserve amounts.
SECTION 3. Representations, Warranties and Covenants of Seller.
(a) The Seller hereby represents and warrants to and covenants with
the Purchaser, as of the date hereof, that:
(i) The Seller is a corporation validly existing under the
laws of the State of Delaware and possesses all requisite authority,
power, licenses, permits and franchises to carry on its business as
currently conducted by it and to execute, deliver and comply with its
obligations under the terms of this Agreement.
(ii) This Agreement has been duly and validly authorized,
executed and delivered by the Seller and, assuming due authorization,
execution and delivery hereof by the Purchaser, constitutes a legal, valid
and binding obligation of the Seller, enforceable against the Seller in
accordance with its terms, except as such enforcement may be limited by
bankruptcy, insolvency, reorganization, moratorium and other laws
affecting the enforcement of creditors' rights in general, and by general
equity principles (regardless of whether such enforcement is considered in
a proceeding in equity or at law), and by public policy considerations
underlying the securities laws, to the extent that such public policy
considerations limit the enforceability of the provisions of this
Agreement which purport to provide indemnification from liabilities under
applicable securities laws.
(iii) The execution and delivery of this Agreement by the
Seller and the Seller's performance and compliance with the terms of this
Agreement will not (A) violate the Seller's articles of association or
By-Laws, (B) violate any law or regulation or any administrative decree or
order to which it is subject or (C) constitute a material default (or an
event which, with notice or lapse of time, or both, would constitute a
material default) under, or result in the breach of, any material
contract, agreement or other instrument to which the Seller is a party or
by which the Seller is bound.
(iv) The Seller is not in default with respect to any order or
decree of any court or any order, regulation or demand of any federal,
state, municipal or other governmental agency or body, which default might
have consequences that would, in the Seller's reasonable and good faith
judgment, materially and adversely affect the condition (financial or
other) or operations of the Seller or its properties or have consequences
that would materially and adversely affect its performance hereunder.
(v) The Seller is not a party to or bound by any agreement or
instrument or subject to any articles of
association, bylaws or any other corporate restriction or any judgment,
order, writ, injunction, decree, law or regulation that would, in the
Seller's reasonable and good faith judgment, materially and adversely
affect the ability of the Seller to perform its obligations under this
Agreement or that requires the consent of any third person to the
execution of this Agreement or the performance by the Seller of its
obligations under this Agreement (except to the extent such consent has
been obtained).
(vi) No consent, approval, authorization or order of any court
or governmental agency or body is required for the execution, delivery and
performance by the Seller of or compliance by the Seller with this
Agreement or the consummation of the transactions contemplated by this
Agreement except as have previously been obtained, and no bulk sale law
applies to such transactions.
(vii) No litigation is pending or, to the best of the Seller's
knowledge, threatened against the Seller that would, in the Seller's good
faith and reasonable judgment, prohibit its entering into this Agreement
or materially and adversely affect the performance by the Seller of its
obligations under this Agreement.
(viii) Under generally accepted accounting principles ("GAAP")
and for federal income tax purposes, the Seller will report the transfer
of the Xxxxxx Mortgage Loans to the Purchaser as a sale of the Xxxxxx
Mortgage Loans to the Purchaser in exchange for consideration consisting
of (A) a cash amount equal to the Aggregate Purchase Price. The
consideration received by the Seller upon the sale of the Xxxxxx Mortgage
Loans to the Purchaser will constitute reasonably equivalent value and
fair consideration for the Xxxxxx Mortgage Loans. The Seller will be
solvent at all relevant times prior to, and will not be rendered insolvent
by, the sale of the Xxxxxx Mortgage Loans to the Purchaser. The Seller is
not selling the Xxxxxx Mortgage Loans to the Purchaser with any intent to
hinder, delay or defraud any of the creditors of the Seller.
(b) The Seller hereby makes the representations and warranties
contained in Schedule I, Schedule II, Schedule III and Schedule IV hereto for
the benefit of the Purchaser and the Trustee for the benefit of the
Certificateholders as of the Closing Date, with respect to (and solely with
respect to) each Xxxxxx Mortgage Loan. References in such representations and
warranties to "Mortgage Loan" and "Mortgage Loans" shall be deemed to mean
"Xxxxxx Mortgage Loan" and "Xxxxxx Mortgage Loans," respectively.
(c) If the Seller receives written notice of a Document Defect or a
Breach pursuant to Section 2.03(a) of the Pooling and Servicing Agreement
relating to a Xxxxxx Mortgage
Loan, then the Seller, shall not later than 90 days from receipt of such notice
(or, in the case of a Document Defect or Breach relating to a Xxxxxx Mortgage
Loan not being a "qualified mortgage" within the meaning of the REMIC Provisions
(a "Qualified Mortgage"), not later than 90 days of any party to the Pooling and
Servicing Agreement discovering such Document Defect or Breach), if such
Document Defect or Breach shall materially and adversely affect the value of the
related Xxxxxx Mortgage Loan or the interest of the Certificateholders therein,
cure such Document Defect or Breach, as the case may be, in all material
respects, which shall include payment of losses and any Additional Trust Fund
Expenses associated therewith or, if such Document Defect or Breach (other than
omissions solely due to a document not having been returned by the related
recording office) cannot be cured within such 90-day period, repurchase the
affected Xxxxxx Mortgage Loan at the applicable Purchase Price not later than
the end of such 90-day period; provided, however, that if such Document Defect
or Breach is capable of being cured but not within such 90-day period, such
Document Defect or Breach does not relate to the Xxxxxx Mortgage Loan not being
treated as a Qualified Mortgage, and the Seller has commenced and is diligently
proceeding with the cure of such Document Defect or Breach within such 90-day
period, such Seller shall have an additional 90 days to complete such cure (or,
failing such cure, to repurchase the related Xxxxxx Mortgage Loan); and
provided, further, that with respect to such additional 90-day period the Seller
shall have delivered an Officer's Certificate to the Trustee setting forth the
reason such Document Defect or Breach is not capable of being cured within the
initial 90-day period and what actions the Seller is pursuing in connection with
the cure thereof and stating that the Seller anticipates that such Document
Defect or Breach will be cured within the additional 90-day period. For a period
of two years from the Closing Date, so long as there remains any Mortgage File
relating to a Xxxxxx Mortgage Loan as to which there is any uncured Document
Defect, the Seller shall provide the Officer's Certificate to the Trustee
described above as to the reasons such Document Defect remains uncured and as to
the actions being taken to pursue cure; provided, however, that, without
limiting the effect of the forgoing provisions of this Section 3(c), if such
Document Defect shall materially and adversely affect the value of such Xxxxxx
Mortgage Loan or the interests of the holders of the Certificate therein, the
Seller shall in all cases on or prior to the second anniversary of the Closing
Date either cause such Document Defect to be cured or repurchase the affected
Mortgage Loan. Notwithstanding the foregoing, the delivery of a commitment to
issue a policy of lender's title insurance as described in clause (xii) of
Schedule I hereof in lieu of the delivery of the actual policy of lender's title
insurance shall not be considered a Document Defect with respect to any Mortgage
File if such actual policy of insurance is delivered to the Trustee or a
Custodian on its behalf not later than the 90th day following the Closing Date.
(d) In connection with any repurchase of a Xxxxxx Mortgage Loan
contemplated hereby, the Trustee, the Custodian, the Master Servicer and the
Special Servicer shall each tender to the Seller, upon delivery to each of them
of a receipt executed by the Seller, all portions of the Mortgage File and other
documents pertaining to such Mortgage Loan possessed by it, and each document
that constitutes a part of the Mortgage File shall be endorsed or assigned to
the extent necessary or appropriate to the Seller or its designee in the same
manner, and pursuant to appropriate forms of assignment, substantially similar
to the manner and forms pursuant to which documents were previously assigned to
the Trustee.
SECTION 4. Representations and Warranties of the Purchaser. In order to induce
the Seller to enter into this Agreement, the Purchaser hereby represents and
warrants for the benefit of the Seller as of the date hereof that:
(a) The Purchaser is a corporation duly organized, validly existing
and in good standing under the laws of the State of North Carolina. The
Purchaser has the full corporate power and authority and legal right to acquire
the Xxxxxx Mortgage Loans from the Seller and to transfer the Xxxxxx Mortgage
Loans to the Trustee.
(b) This Agreement has been duly and validly authorized, executed
and delivered by the Purchaser, all requisite action by the Purchaser's
directors and officers has been taken in connection therewith, and (assuming the
due authorization, execution and delivery hereof by the Seller) this Agreement
constitutes the valid, legal and binding agreement of the Purchaser, enforceable
against the Purchaser in accordance with its terms, except as such enforcement
may be limited by (A) laws relating to bankruptcy, insolvency, reorganization,
receivership or moratorium, (B) other laws relating to or affecting the rights
of creditors generally, or (C) general equity principles (regardless of whether
such enforcement is considered in a proceeding in equity or at law).
(c) Except as may be required under federal or state securities laws
(and which will be obtained on a timely basis), no consent, approval,
authorization or order of, registration or filing with, or notice to, any
governmental authority or court, is required, under federal or state law, for
the execution, delivery and performance by the Purchaser of or compliance by the
Purchaser with this Agreement, or the consummation by the Purchaser of any
transaction described in this Agreement.
(d) None of the acquisition of the Xxxxxx Mortgage Loans by the
Purchaser, the transfer of the Xxxxxx Mortgage Loans to the Trustee, and the
execution, delivery or performance of this Agreement by the Purchaser, conflicts
or will conflict with, results or will result in a breach of, or constitutes or
will constitute a default under (A) any term or provision of the
Purchaser's Articles of Incorporation or Bylaws, (B) any term or provision of
any material agreement, contract, instrument or indenture, to which the
Purchaser is a party or by which the Purchaser is bound, or (C) any law, rule,
regulation, order, judgment, writ, injunction or decree of any court or
governmental authority having jurisdiction over the Purchaser or its assets.
(e) Under GAAP and for federal income tax purposes, the Purchaser
will report the transfer of the Xxxxxx Mortgage Loans by the Seller to the
Purchaser as a sale of the Xxxxxx Mortgage Loans to the Purchaser in exchange
for consideration consisting of (A) a cash amount equal to the Aggregate
Purchase Price.
SECTION 5. Closing. The closing of the sale of the Xxxxxx Mortgage Loans (the
"Closing") shall be held at the offices of Xxxxxxx Xxxx & Xxxxxxxxx, 000 Xxxxxxx
Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000-0000 at 10:00 A.M., New York time, on the
Closing Date.
The Closing shall be subject to each of the following conditions:
(a) All of the representations and warranties of the Seller set
forth in or made pursuant to Sections 3(a) and 3(b) of this Agreement and all of
the representations and warranties of the Purchaser set forth in Section 4 of
this Agreement shall be true and correct in all material respects as of the
Closing Date; provided, however, that any material inaccuracy in any
representation and warranty set forth in or made pursuant to Section 3(b) shall
not affect the Purchaser's obligation to purchase the Mortgage Loans not
affected by such inaccuracy;
(b) All documents specified in Section 6 of this Agreement (the
"Closing Documents"), in such forms as are agreed upon and acceptable to the
Purchaser in its reasonable discretion, shall be duly executed and delivered by
all signatories as required pursuant to the respective terms thereof;
(c) The Seller shall have delivered and released to the Trustee (or
a Custodian on its behalf) and the Master Servicer, respectively, all documents
represented to have been or required to be delivered to the Trustee and the
Master Servicer pursuant to Section 2 of this Agreement;
(d) All other terms and conditions of this Agreement required to be
complied with on or before the Closing Date shall have been complied with in all
material respects and the Seller shall have the ability to comply with all terms
and conditions and perform all duties and obligations required to be complied
with or performed after the Closing Date; and
(e) The Seller shall have paid all fees and expenses payable by it
to the Purchaser or otherwise pursuant to this Agreement as of the Closing Date.
Both parties agree to use their best efforts to perform their
respective obligations hereunder in a manner that will enable the Purchaser to
purchase the Xxxxxx Mortgage Loans on the Closing Date.
SECTION 6. Closing Documents. The Closing Documents shall consist of the
following:
(a) This Agreement duly executed by the Purchaser and the Seller;
(b) A Certificate of the Seller, executed by a duly authorized
officer of the Seller and dated the Closing Date, and upon which the Purchaser
and the Underwriters may rely, to the effect that: (i) the representations and
warranties of the Seller in this Agreement are true and correct in all material
respects at and as of the Closing Date with the same effect as if made on such
date; and (ii) the Seller has, in all material respects, complied with all the
agreements and satisfied all the conditions on its part that are required under
this Agreement to be performed or satisfied at or prior to the date hereof;
(c) An Officer's Certificate from an officer of the Seller, dated
the Closing Date, and upon which the Purchaser may rely, to the effect that each
individual who, as an officer or representative of the Seller, signed this
Agreement or any other document or certificate delivered on or before the
Closing Date in connection with the transactions contemplated herein, was at the
respective times of such signing and delivery, and is as of the Closing Date,
duly elected or appointed, qualified and acting as such officer or
representative, and the signatures of such persons appearing on such documents
and certificates are their genuine signatures;
(d) An Officer's Certificate from an officer of the Seller, dated
the Closing Date, and upon which the Purchaser and the Underwriters may rely, to
the effect that (i) such officer has carefully examined the Prospectus and
nothing has come to his attention that would lead him to believe that the
Prospectus, as of the date of the Prospectus Supplement or as of the Closing
Date, included or includes any untrue statement of a material fact relating to
the Xxxxxx Mortgage Loans or omitted or omits to state therein a material fact
necessary in order to make the statements therein relating to the Xxxxxx
Mortgage Loans, in light of the circumstances under which they were made, not
misleading, and (ii) such officer has examined the Memorandum and nothing has
come to his attention that would lead him to believe that the Memorandum, as of
the date thereof or as of the Closing Date, included or includes any untrue
statement of a material fact relating to the Xxxxxx Mortgage Loans or omitted or
omits to state therein a material fact necessary in order to make the statements
therein related to the Xxxxxx Mortgage Loans, in the light of the circumstances
under which they were made, not misleading.
(e) The resolutions of the requisite committee of the Seller's board
of directors authorizing the Seller's entering into the transactions
contemplated by this Agreement, the articles of association and by-laws of the
Seller, and a certificate of good standing of the Seller issued by the Office of
the Comptroller of the Currency of the United States not earlier than sixty (60)
days prior to the Closing Date;
(f) A written opinion of counsel for the Seller, substantially in
the form of Schedule V, with any modifications required by the Purchaser, its
counsel or Rating Agencies, dated the Closing Date and addressed to the
Purchaser, the Trustee, the Underwriters and each of the Rating Agencies,
together with such other written opinions as may be required by the Rating
Agencies; and
(g) Such further certificates, opinions and documents as the
Purchaser may reasonably request.
SECTION 7. Indemnification.
(a) The Seller shall indemnify and hold harmless the Purchaser, the
Underwriters, their respective officers and directors, and each person, if any,
who controls the Purchaser or any Underwriter within the meaning of either
Section 15 of the Securities Act of 1933, as amended (the "1933 Act") or Section
20 of the Securities Exchange Act of 1934, as amended (the "1934 Act"), against
any and all losses, claims, damages or liabilities, joint or several, to which
they or any of them may become subject under the 1933 Act, the 1934 Act or other
federal or state statutory law or regulation, at common law or otherwise,
insofar as such losses, claims, damages or liabilities (or actions in respect
thereof) (i) arise out of or are based upon any untrue statement or alleged
untrue statement of a material fact contained in (A) the Prospectus Supplement,
the Memorandum, the Diskette or, insofar as they are required to be filed as
part of the Registration Statement pursuant to the No-Action Letters, any
Computational Materials or ABS Term Sheets with respect to the Registered
Certificates, or in any revision or amendment of or supplement to any of the
foregoing or (B) any items similar to Computational Materials and ABS Term
Sheets forwarded to prospective investors in the Non-Registered Certificates, or
(ii) arise out of or are based upon the omission or alleged omission to state
therein a material fact required to be stated therein or necessary to make the
statements therein, in the light of the circumstances under which they were
made, not misleading; but only if and to the extent that (I) any such untrue
statement or alleged untrue statement or omission or alleged omission arises out
of or is based upon an untrue statement or omission with respect to the Xxxxxx
Mortgage Loans, the related Mortgagors and/or the related Mortgaged Properties
contained in the Data File (it being herein acknowledged that the Data File was
used to prepare the Prospectus Supplement including without limitation Annex A
thereto, the Memorandum, the Diskette, the Computational
Materials and ABS Term Sheets with respect to the Registered Certificates and
any items similar to Computational Materials and ABS Term Sheets forwarded to
prospective investors in the Non-Registered Certificates), (II) any such untrue
statement or alleged untrue statement or omission or alleged omission of a
material fact is with respect to, or arises out of or is based upon an untrue
statement or omission of a material fact with respect to, the information
regarding the Xxxxxx Mortgage Loans, the related Mortgagors, the related
Mortgaged Properties and/or the Seller set forth (X) in the Prospectus
Supplement and the Memorandum under the headings "Summary of the Prospectus
Supplement--The Mortgage Pool" or "Summary of the Memorandum--The Mortgage
Pool", as applicable, "Risk Factors--The Mortgage Loans" and "Description of the
Mortgage Pool" and (Y) on Annex A to the Prospectus Supplement and, to the
extent consistent therewith, on the Diskette, or (III) any such untrue statement
or alleged untrue statement or omission or alleged omission arises out of or is
based upon a breach of the representations and warranties of the Seller set
forth in or made pursuant to Section 3; provided that the indemnification
provided by this Section 7 shall not apply to the extent that such untrue
statement or omission of a material fact was made as a result of an error in the
manipulation of, or in any calculations based upon, or in any aggregation of the
information regarding the Xxxxxx Mortgage Loans, the related Mortgagors and/or
the related Mortgaged Properties set forth in the Data File and Annex A to the
Prospectus Supplement, including without limitation the aggregation of such
information with comparable information relating to the Other Mortgage Loans in
the Trust Fund. This indemnity agreement will be in addition to any liability
which the Seller may otherwise have.
For purposes of this Agreement, "Registration Statement" shall mean
the registration statement No. 333-48943 filed by the Purchaser on Form S-3,
including without limitation exhibits thereto and information incorporated
therein by reference; "Prospectus" shall mean the prospectus dated May 11, 1998,
as supplemented by the prospectus supplement dated May 21, 1998 (the "Prospectus
Supplement"), relating to the Registered Certificates, including all annexes
thereto; "Memorandum" shall mean the private placement memorandum dated May 28,
1998, relating to the Non-Registered Certificates, including all exhibits
thereto; "Registered Certificates" shall mean the Class A-1, Class A-2, Class B,
Class C, Class D, Class E, and Class IO Certificates; "Non-Registered
Certificates" shall mean the Certificates other than the Registered
Certificates; "Computational Materials" shall have the meaning assigned thereto
in the no-action letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Securities and Exchange Commission (the "Commission") to Xxxxxx,
Xxxxxxx Acceptance Corporation I, Xxxxxx, Peabody & Co. Incorporated, and Xxxxxx
Structured Asset Corporation and the no-action letter dated May 27, 1994 issued
by the Division of Corporation Finance of the Commission to the
Public Securities Association (together, the "Xxxxxx Letters"); "ABS Term Sheets
shall have the meaning assigned thereto in the no-action letter dated February
17, 1995 issued by the Division of Corporation Finance of the Commission to the
Public Securities Association (the "PSA Letter" and, together with the Xxxxxx
letters, the "No-Action Letters"); "Diskette" shall mean the diskette attached
to each of the Prospectus and the Memorandum; and "Data File" shall mean the
compilation of information and data regarding the Other Mortgage Loans and the
Bank of America Mortgage Loans covered by the Agreed Upon Procedures Letter
dated May [ ], 1998 and rendered by Deloitte & Touche LLP (a "hard copy" of
which Data File was initialed on behalf of the Seller and the Purchaser).
(b) Promptly after receipt by any person entitled to indemnification
under this Section 7 (an "indemnified party") of notice of the commencement of
any action, such indemnified party will, if a claim in respect thereof is to be
made against the Seller (the "indemnifying party") under this Section 7, notify
the indemnifying party in writing of the commencement thereof; but the omission
so to notify the indemnifying party will not relieve it from any liability that
it may have to any indemnified party otherwise than under this Section 7. In
case any such action is brought against any indemnified party and it notifies
the indemnifying party of the commencement thereof, the indemnifying party will
be entitled to participate therein, and to the extent that it may elect by
written notice delivered to the indemnified party promptly after receiving the
aforesaid notice from such indemnified party, to assume the defense thereof,
with counsel selected by the indemnifying party and satisfactory to such
indemnified party; provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and the
indemnified party or parties shall have reasonably concluded that there may be
legal defenses available to it or them and/or other indemnified parties that are
different from or additional to those available to the indemnifying party, the
indemnified party or parties shall have the right to select separate counsel to
assert such legal defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon receipt of notice
from the indemnifying party to such indemnified party of its election so to
assume the defense of such action and approval by the indemnified party of
counsel, the indemnifying party will not be liable for any legal or other
expenses subsequently incurred by such indemnified party in connection with the
defense thereof, unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in accordance with
the proviso to the preceding sentence (it being understood, however, that the
indemnifying party shall not be liable for the expenses of more than one
separate counsel, approved by the Purchaser and the Underwriters, representing
all the indemnified parties under Section 7(a) who are parties to such action),
(ii) the indemnifying party shall not have employed counsel satisfactory to the
indemnified party
to represent the indemnified party within a reasonable time after notice of
commencement of the action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of the
indemnifying party; and except that, if clause (i) or (iii) is applicable, such
liability shall only be in respect of the counsel referred to in such clause (i)
or (iii).
(c) If the indemnification provided for in this Section 7 is
unavailable to an indemnified party under Section 7(a) hereof or insufficient in
respect of any losses, claims, damages or liabilities referred to therein, then
the indemnifying party, in lieu of indemnifying such indemnified party, shall
contribute to the amount paid or payable by such indemnified party as a result
of such losses, claims, damages or liabilities, in such proportion as is
appropriate to reflect the relative fault of the indemnified and indemnifying
parties in connection with the statements or omissions which resulted in such
losses, claims, damages or liabilities, as well as any other relevant equitable
considerations. The relative fault of the indemnified and indemnifying parties
shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or alleged omission
to state a material fact relates to information supplied by such parties.
(d) The Purchaser and the Seller agree that it would not be just and
equitable if contribution pursuant to Section 7(c) were determined by pro rata
allocation or by any other method of allocation that does not take account of
the considerations referred to in Section 7(c) above. The amount paid or payable
by an indemnified party as a result of the losses, claims, damages and
liabilities referred to in this Section 7 shall be deemed to include, subject to
the limitations set forth above, any legal or other expenses reasonably incurred
by such indemnified party in connection with investigating or defending any such
action or claim, except where the indemnified party is required to bear such
expenses pursuant to this Section 7, which expenses the indemnifying party shall
pay as and when incurred, at the request of the indemnified party, to the extent
that the indemnifying party will be ultimately obligated to pay such expenses.
If any expenses so paid by the indemnifying party are subsequently determined to
not be required to be borne by the indemnifying party hereunder, the party that
received such payment shall promptly refund the amount so paid to the party
which made such payment. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the 0000 Xxx) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation.
(e) The indemnity and contribution agreements contained in this
Section 7 shall remain operative and in full force and effect regardless of (i)
any termination of this Agreement, (ii) any investigation made by the Purchaser,
the
Underwriters, any of their respective directors or officers, or any person
controlling the Purchaser or the Underwriters, and (iii) acceptance of and
payment for any of the Certificates.
(f) Without limiting the generality or applicability of any other
provision of this Agreement, the Underwriters shall be third-party beneficiaries
of the provisions of this Section 7.
SECTION 8. Costs. The Seller shall pay (or shall reimburse the Purchaser to the
extent that the Purchaser has paid) the Seller's pro rata portion of the
aggregate of the following amounts (the Seller's pro rata portion to be
determined according to the percentage that the Xxxxxx Balance represents of the
Initial Pool Balance): (i) the costs and expenses of printing (or otherwise
reproducing) and delivering a preliminary and final Prospectus and Memorandum
relating to the Certificates; (ii) the initial fees, costs, and expenses of the
Trustee (including reasonable attorneys' fees); (iii) the filing fee charged by
the Securities and Exchange Commission for registration of the Certificates so
registered; (iv) the fees charged by the Rating Agencies to rate the
Certificates so rated; (v) the expense of recording any assignment of Mortgage
or assignment of Assignment of Leases as contemplated by Section 2 hereof; and
(vi) the cost of obtaining a "comfort letter" from a firm of certified public
accountants selected by the Purchaser and the Seller with respect to numerical
information in respect of the Xxxxxx Mortgage Loans included in the Prospectus
and Memorandum. All other costs and expenses in connection with the transactions
contemplated hereunder shall be borne by the party incurring such expense.
SECTION 9. Grant of a Security Interest. It is the express intent of the parties
hereto that the conveyance of the Xxxxxx Mortgage Loans by the Seller to the
Purchaser as provided in Section 2 hereof be, and be construed as, a sale of the
Xxxxxx Mortgage Loans by the Seller to the Purchaser and not as a pledge of the
Xxxxxx Mortgage Loans by the Seller to the Purchaser to secure a debt or other
obligation of the Seller. However, if, notwithstanding the aforementioned intent
of the parties, the Xxxxxx Mortgage Loans are held to be property of the Seller,
then, (a) it is the express intent of the parties that such conveyance be deemed
a pledge of the Xxxxxx Mortgage Loans by the Seller to the Purchaser to secure a
debt or other obligation of the Seller, and (b) (i) this Agreement shall also be
deemed to be a security agreement within the meaning of Articles 8 and 9 of the
Uniform Commercial Code of the applicable jurisdiction; (ii) the conveyance
provided for in Section 2 hereof shall be deemed to be a grant by the Seller to
the Purchaser of a security interest in all of the Seller's right, title and
interest in and to the Xxxxxx Mortgage Loans, and all amounts payable to the
holder of the Xxxxxx Mortgage Loans in accordance with the terms thereof, and
all proceeds of the conversion, voluntary or involuntary, of the foregoing into
cash, instruments, securities or other property, including without limitation
all amounts, other than investment earnings, from time to time held or
invested in the Certificate Account, the Distribution Account or, if
established, the REO Account (each as defined in the Pooling and Servicing
Agreement) whether in the form of cash, instruments, securities or other
property; (iii) the assignment to the Trustee of the interest of the Purchaser
as contemplated by Section 1 hereof shall be deemed to be an assignment of any
security interest created hereunder; (iv) the possession by the Trustee or any
of its agents, including, without limitation, the Custodian, of the Mortgage
Notes, and such other items of property as constitute instruments, money,
negotiable documents or chattel paper shall be deemed to be "possession by the
secured party" for purposes of perfecting the security interest pursuant to
Section 9-305 of the Uniform Commercial Code of the applicable jurisdiction; and
(v) notifications to persons (other than the Trustee) holding such property, and
acknowledgments, receipts or confirmations from persons (other than the Trustee)
holding such property, shall be deemed notifications to, or acknowledgments,
receipts or confirmations from, financial intermediaries, bailees or agents (as
applicable) of the secured party for the purpose of perfecting such security
interest under applicable law. The Seller and the Purchaser shall, to the extent
consistent with this Agreement, take such actions as may be necessary to ensure
that, if this Agreement were deemed to create a security interest in the Xxxxxx
Mortgage Loans, such security interest would be deemed to be a perfected
security interest of first priority under applicable law and will be maintained
as such throughout the term of this Agreement and the Pooling and Servicing
Agreement.
SECTION 10. Notices. All notices, copies, requests, consents, demands and other
communications required hereunder shall be in writing and telecopied or
delivered to the intended recipient at the "Address for Notices" specified
beneath its name on the signature pages hereof or, as to either party, at such
other address as shall be designated by such party in a notice hereunder to the
other party. Except as otherwise provided in this Agreement, all such
communications shall be deemed to have been duly given when transmitted by
telecopier or personally delivered or, in the case of a mailed notice, upon
receipt, in each case given or addressed as aforesaid.
SECTION 11. Representations, Warranties and Agreements to Survive Delivery. All
representations, warranties and agreements contained in this Agreement,
incorporated herein by reference or contained in the certificates of officers of
the Seller submitted pursuant hereto, shall remain operative and in full force
and effect and shall survive delivery of the Xxxxxx Mortgage Loans by the Seller
to the Purchaser (and by the Purchaser to the Trustee).
SECTION 12. Severability of Provisions. Any part, provision, representation,
warranty or covenant of this Agreement that is prohibited or which is held to be
void or unenforceable shall be ineffective to the extent of such prohibition or
unenforceability
without invalidating the remaining provisions hereof. Any part, provision,
representation, warranty or covenant of this Agreement that is prohibited or
unenforceable or is held to be void or unenforceable in any particular
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in any
particular jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction. To the extent permitted by applicable law,
the parties hereto waive any provision of law which prohibits or renders void or
unenforceable any provision hereof.
SECTION 13. Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be an original, but which together shall
constitute one and the same agreement.
SECTION 14. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS, DUTIES, OBLIGATIONS
AND RESPONSIBILITIES OF THE PARTIES HERETO SHALL BE GOVERNED IN ACCORDANCE WITH
THE INTERNAL LAWS AND DECISIONS OF NEW YORK. THE PARTIES HERETO INTEND THAT THE
PROVISIONS OF SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL APPLY
TO THIS AGREEMENT.
SECTION 15. Further Assurances. The Seller and the Purchaser agree to execute
and deliver such instruments and take such further actions as the other party
may, from time to time, reasonably request in order to effectuate the purposes
and to carry out the terms of this Agreement.
SECTION 16. Successors and Assigns. The rights and obligations of the Seller
under this Agreement shall not be assigned by the Seller without the prior
written consent of the Purchaser, except that any person into which the Seller
may be merged or consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Seller is a party, or any person
succeeding to all or substantially all of the business of the Seller, shall be
the successor to the Seller hereunder. The Purchaser has the right to assign its
interest under this Agreement, in whole or in part, as may be required to effect
the purposes of the Pooling and Servicing Agreement, and the assignee shall, to
the extent of such assignment, succeed to the rights and obligations hereunder
of the Purchaser. Subject to the foregoing, this Agreement shall bind and inure
to the benefit of and be enforceable by the Seller, the Purchaser, the
Underwriters (as intended third party beneficiaries hereof) and their permitted
successors and assigns, and the officers, directors and controlling persons
referred to in Section 7. This Agreement is enforceable by the Underwriters and
the other third party beneficiaries hereto in all respects to the same extent as
if they had been signatories hereof.
SECTION 17. Amendments. No term or provision of this Agreement may be waived or
modified unless such waiver or modification is
in writing and signed by a duly authorized officer of the party, or third party
beneficiary, against whom such waiver or modification is sought to be enforced.
IN WITNESS WHEREOF, the Seller and the Purchaser have caused their
names to be signed hereto by their respective duly authorized officers as of the
date first above written.
SELLER
XXXXXX BROTHERS HOLDINGS INC., doing business
as Xxxxxx Capital, a division of Xxxxxx
Brothers Holdings Inc.
By:
----------------------------------------
Name:
Title:
Address for Notices:
0 Xxxxx Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Attention: Xxxxxx Xxxx
Telecopier No.: (000) 000-0000
Telephone No.: (000) 000-0000
PURCHASER
FIRST UNION COMMERCIAL
MORTGAGE SECURITIES, INC.
By:
----------------------------------------
Name: Xxxxx Xxxxxxxxx
Title Vice President
Address for Notices:
One First Union Center
000 Xxxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000-0000
Attention: Xxxxx Xxxxxxxxx
Telecopier No.: (000) 000-0000
Telephone No.: (000) 000-0000
Exhibit A
First Union-Xxxxxx Brothers-Bank of America Commercial Mortgage Trust 1998-C2
Servicing & Pooling
Xxxxxx Pool
Mortgage
Loan
Number Property Name Address
(i) (ii) (ii)
1 IBM Xxxxxxxxx Xxxxxx Xxxxxxx Xxxxx 000 and Route 138
2 Broadmoor Austin 00000 Xxxxxx Xxxx
0 Xxx Xxxxxx Xxxx Xxxxx 59 and East New York Ave.
4 Hawthorn Center Milwaukee Ave and Town Line Road
9 Xxxxxxxxx Portfolio (Roll-Up) Various
9a Comfort Suites (Xxxxxxxxx-Xxxxxxx) 000 Xxxxxxxxx Xxx
0x Xxxxxxx Xxxxxx (Xxxxxxxxx-Xxxxxxxxxx) 0000 Xxxxxxxx Xxx
0x Xxxxxxx Xxx (Xxxxxxxxx-Xxxxxx) 000 Xxxxxxxxxx Xxxxx
0x Xxxxxxxxx Inn (Xxxxxxxxx-Shepherdsville) 000 Xxxxxxx Xxx
0x Sleep Inn (Xxxxxxxxx-Louisville) 0000 Xxxxxxxx Xxx
0x Xxxx Xxx (Xxxxxxxxx-Xxxxxxx) 000 Xxxx Xxx Xxxxxxxxx
0x Xxxxxxx Xxx (Xxxxxxxxx-Xxxxxxx) 000 Xxxxxxx Xxxxx
0x Xxxx Xxx (Xxxxxxxxx-Pikeville) 000 Xxxxx Xxxx Xxxxx
0x Xxxx Xxx (Xxxxxxxxx-Xxxxxxx) 00000 Xxxxx Xxxx 000
0x Xxxxxxx Xxx Express (Xxxxxxxxx-Xxxx City) SEQ of I-65 and Kentucky Highway 90
10 Ohio Xxxxxx Xxxxxx Xxxxxxxx 00 Xxxxx Xxxx Xxxxxx
12 Holiday Inn Xxxxxxxx 000 Xxxxxxxxx Xxxxxx
00 Xx. Xxxxxxx Xxxxx 00000 Xx. Xxxxxxx Place
17 Hickory Ridge Commons Shopping Center XXX xx Xxxxxxxxxx Xxxx xxx Xxxxxxxx Xxxx
00 0000 Xxxxx Xxxxxx (Royale Retail Condominiums) 0000 Xxxxx Xxxxxx
20 Xxxxxxxxxx Highlands 000 Xxxxxxxx Xxxxx
22 Xxxxxxxxx Portfolio (Loan Level) Various
22a 367 Business & Professional Park (Xxxxxxxxx Portfolio) 12400-12528 Xxxxxx Xxxx
00x Xxxxxxxxx Xxxxxxxx Xxxxxx (Xxxxxxxxx Portfolio) 0000-0000 Xxxxx Xxxxxxx 67
22c 94 Xxxxxxx Business Center (Xxxxxxxxx Portfolio) 0000 Xxxxxxx 00 Xxxxx Xxxx Xxxxx
00x 201 S. Central (Xxxxxxxxx Portfolio) 000 X. Xxxxxxx
00x Xxxxxxx Xxxx Building (Xxxxxxxxx Portfolio) 00 Xxxxxxxx Xxxxx
00x Xxxxxxxxx Xxxxxx (Xxxxxxxxx Portfolio) 0000-0000 Xxxxx Xxxxxxx 00
22g Xxxxx I-270 Professional Building (Xxxxxxxxx Portfolio) 0000 Xxxxx Xxxx
22h Jamestown Business Center (Xxxxxxxxx Portfolio) 0000-0000 Xxxxx Xxxxxxx 67
22i 94 Heritage Service Station Mall (Xxxxxxxxx Portfolio) 0000-0000 Xxx Xxxxxxx 00 Xxxxx
00x Xxxxxxxxx Xxxx (Xxxxxxxxx Portfolio) 0000-0000 Xxxxx Xxxxxxx 00
00x Xxxxxxxx Xxxxx (Xxxxxxxxx Portfolio) 13210-13290 Xxx Xxxxx Xxxxx Xxxx
00 Xxxxxxxxx Trace Apartments 0000 Xxxx Xx.
00 Xxxxxxx Xxxx Xxxxx 17M
00 Xxxxxxxxxx Xxxx X.X. Xxxxxxx #00 And Xxxxxxx Street
30 Days Inn & Suites Historic Savannah 000 Xxxx Xxx Xxxxxx
32 Sandy Mall 9405-9560 S. 000 Xxxx Xx. & 000 X. 0000 Xxxxx St.
35 Temple City Square 0000 Xxx Xxxxx Xxxxx and 0000 Xxx Xxxxxx
00 Xxxxx Xxxxxxxx Xxxxx Xxxxx Xxxxxxxx & Xxxxx Road
42 GTE Stemmons Crossing 0000 Xxxx Xxxxxxxxxx Xxxxxxxxx
43 Highland Pinetree Apartments 0000 X. Xxxxxxxx Xxxxxx
44 Westmont Business Park (Roll-up) Various
00x XXX xx Xxxx Xxx Xxxxx and Chestnut Avenue (Westmont) SWC of Xxxx Oak Drive and Chestnut Avenue
00x 0-00 Xxxxx Xxxxx (Xxxxxxxx) 00-00 Xxxxx Xxxxx
00x 000 Xxxxx Xxxx Xxxxxx (Xxxxxxxx) 000 Xxxxx Xxxx Xxxxxx
44d 000-000 Xxxxxxxxx Xxxxx (Xxxxxxxx) 000-000 Xxxxxxxxx Xxxxx
45 Wyndham Garden Hotel 3350 Avenue of the Arts
46 Xxxxx Bend Center 0000 Xxxxx Xxxxx Xxxx
47 Cineplex Odeon Movie Theater 0000 Xxxx Xxxxxx
49 Golf Xxxx Mart Plaza 9000-9196 Golf Road
50 Clearwater Crossing Shopping Center NWC 82nd Street/Xxxx Road
51 Rivercrest Village Apartments 7928 La Riviera Drive
Mortgage Monthly Stated
Loan Cut-Off Date Payment Due Mortgage Remaining Maturity
Number City State Zip Balance (on 1st Due Date) Rate Term Date or ARD
(i) (ii) (ii) (ii) (iii) (iv) (v) (vi) (vi)
1 Xxxxxx XX 00000 178,378,814.33 1,561,831.11 6.8300 185 10/01/13
2 Xxxxxx XX 00000 154,000,000.00 933,582.22 7.0400 155 04/10/11
3 Xxxxxx XX 00000 85,527,649.00 497,129.46 6.7500 102 11/10/06
4 Xxxxxx Xxxxx XX 00000 77,863,877.00 452,583.79 6.7500 126 11/10/08
9 Various KY Various 23,892,525.17 180,051.65 7.6720 116 01/01/08
9a Xxxxxxx XX 00000
9b Xxxxxxxxxx XX 00000
9c Xxxxxx XX 00000
9d Xxxxxxxxxxxxxx XX 00000
9e Xxxxxxxxxx XX 00000
9f Xxxxxxx XX 00000
9g Glasgow KY 42141
9h Xxxxxxxxx XX 00000
9i Xxxxxxx XX 00000
9j Xxxx Xxxx XX 00000
10 Xxxxx XX 00000 22,468,036.24 150,903.88 7.0800 82 03/01/05
12 Xxx Xxxx XX 00000 21,840,552.21 177,903.72 7.5500 56 01/01/03
14 Xxxxxxx XX 00000 20,942,733.05 138,025.22 6.8800 117 02/01/08
17 Xxxxxxx XX 00000 17,952,727.94 120,965.75 7.1000 117 02/01/08
19 Xxx Xxxx XX 00000 17,344,007.86 117,403.24 7.1400 116 01/01/08
20 Xxxxx Xxxx XX 00000 16,847,577.42 116,160.25 7.3260 80 01/01/05
22 St. Louis MO Various 16,277,350.35 110,311.64 7.1700 000 00/00/00
00x Xx. Xxxxx Xxxxxx XX 00000
22b Xxxxxxxxxx XX 00000
00x Xx. Xxxxxxx XX 00000
22d Clayton MO 00000
00x Xx. Xxxxx XX 00000
22f Xxxxxxxxxx XX 00000
22g Xxxxxxxxx XX 00000
22h Xxxxxxxxxx XX 00000
22i Xx. Xxxxxxx XX 00000
22j Xxxxxxxxxx XX 00000
22k Xxxxxxxxxx XX 00000
26 Xxxxxxx XX 00000 14,522,217.09 98,536.04 7.1700 177 02/01/13
27 Xxxxxxx XX 00000 14,488,711.07 99,013.93 7.2600 119 04/01/08
29 Xxxxxxxxxx XX 00000 14,288,507.76 96,100.57 7.1000 119 04/01/08
30 Xxxxxxxx XX 00000 13,770,454.32 100,548.92 7.3400 118 03/01/08
32 Xxxxx XX 00000 13,738,706.98 91,386.77 6.9900 83 04/01/05
35 Xxxxxx Xxxx XX 00000 13,269,824.24 91,405.09 7.3400 119 04/01/08
40 Xxxxxx Xxxxxxxx XX 00000 12,469,243.47 88,666.62 7.0400 298 03/01/23
42 Xxxxxx XX 00000 12,400,000.00 83,582.95 7.1300 120 05/01/08
43 Xxxxxxxxx XX 00000 12,389,735.13 82,081.54 6.9500 119 04/01/08
44 Xxxxxxxx XX 00000 12,218,749.98 83,732.84 7.2700 81 02/01/05
44a Xxxxxxxx XX 00000
44b Xxxxxxxx XX 00000
44c Xxxxxxxx XX 00000
44d Xxxxxxxx XX 00000
45 Xxxxx Xxxx XX 00000 12,204,210.32 89,255.38 7.3400 117 02/01/08
46 Xxxx Xxxxx XX 00000 12,168,124.07 82,234.84 7.1300 117 02/01/08
47 Xxxxxxxx XX 00000 12,124,123.68 93,793.98 7.9900 297 02/01/23
49 Xxxxx XX 00000 11,863,983.65 82,799.48 7.4500 80 01/01/05
50 Xxxxxxxxxxxx XX 00000 11,569,846.73 78,425.57 7.1600 177 02/01/13
51 Xxxxxxxxxx XX 00000 11,564,174.06 79,904.97 7.3480 116 01/01/08
Remaining ARD
Amortization Additional
Mortgage Term (in Master Additional Interest
Loan the case of Ground Servicing Servicing ARD Rate Accrual Mortgage
Number Balloon loan) Lease Fee(%) Fee (%) Loan (%) Basis Loan Seller CTL
(i) (vii) (viii) (ix) (ix) (x) (x) (xi) (xii) (xiii)
1 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers
2 Y 0.0400 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
3 N 0.0400 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
4 N 0.0400 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
9 296 Both 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
0x X
0x X
0x X
9d N
9e N
9f N
9g N
9h Y
9i N
9j N
10 N 0.1150 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
12 236 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
14 357 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
17 N 0.0950 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
19 356 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
20 356 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
22 N 0.1400 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
00x X
00x X
00x X
22d N
22e N
22f N
22g N
22h N
22i N
22j N
22k N
26 N 0.0900 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
27 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
29 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
30 298 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
32 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
35 359 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
40 Y 0.1400 0.0050 N - 30/360 Xxxxxx Brothers
42 360 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
43 N 0.1400 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
44 357 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
00x X
00x X
00x X
44d N
45 297 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
46 N 0.0900 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
47 N 0.0900 0.0050 N - 30/360 Xxxxxx Brothers
49 N 0.0900 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
50 N 0.1500 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
51 356 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
Lease Residual Debt
Mortgage Enhance- Value Service Loan Interest
Loan CTL ment Insurance Coverage to Value Cross Defea- Reserve
Number Guarantor Policy Policy Ratio (x) Ratio Defaulted sance Loan
(i) (xiii) (xiv) (xiv) (xv) (xv) (xvi) (xvii) (xviii)
1 1.32 63.7 No Y N
2 1.50 76.2 No Y Y
3 1.91 61.5 No Y Y
4 2.00 58.8 No Y Y
9 1.41 68.2 No Y N
9a 2.08 34.1
9b 3.12 92.8
9c 1.65 83.2
9d 0.96 63.6
9e 1.73 75.4
9f 1.21 80.5
9g 1.15 73.4
9h 1.64 82.8
9i 1.22 73.4
9j 0.64 83.1
10 1.42 74.2 No Y Y
12 1.53 55.0 No Y Y
14 1.33 77.6 No Y Y
17 1.25 78.2 No Y Y
19 1.21 74.4 No N Y
20 1.22 78.4 No Y Y
22 1.44 74.7 No N Y
22a 1.45 76.8
22b 1.39 69.9
22c 1.38 74.7
22d 1.45 73.3
22e 1.61 76.8
22f 1.40 76.8
22g 1.43 76.8
22h 1.42 76.8
22i 1.48 83.8
22j 1.44 76.8
22k 1.39 61.6
26 1.27 79.8 No Y Y
27 1.40 74.7 No Y Y
29 1.41 71.8 No Y Y
30 1.40 74.4 No N Y
32 1.29 72.3 No Y Y
35 1.29 79.9 No Y Y
40 1.42 75.1 No Y N
42 1.27 71.3 No Y Y
43 1.33 78.2 No N Y
44 1.31 72.6 No Y Y
44a 0.00 72.6
44b 0.00 72.6
44c 0.00 72.6
44d 0.00 72.6
45 1.40 56.8 No Y Y
46 1.21 74.9 No Y Y
47 1.25 74.4 No Y N
49 1.20 78.6 No Y Y
50 1.31 78.7 No Y Y
51 1.24 79.8 No Y Y
B-14
First Union-Xxxxxx Brothers-Bank of America Commercial Mortgage Trust 1998-C2
Servicing & Pooling
Xxxxxx Pool
Mortgage
Loan
Number Property Name Address
(i) (ii) (ii)
52 Super K-Mart Center 000 Xxxxxxxxxxxx Xxxxx
54 Market at Wolfcreek Germantown Parkway Highway 64 on Xxxxx Xxxx
00 Xxxxxxxx Xxxxxx II Office Building 0000 XX 000xx Xxxxxx
00 Xxxxxxxxx Xxxxxx 0000-0000 Shoppers Square
66 Inverrary 441 Apartments 0000 XX 00xx Xxxxxx
70 Hampton Inn Pensacola Beach Two Xxx Xxx Xxxx
00 Xxxxx Xxxxxx Commons Shopping Center 0000-0000 Xxxx 00xx Xxxxxx
74 International Club Apartments 0000 XX 000xx Xxxxxx
00 Xxxxxxx Xxxxx Apartments 000 Xxxxx Xxxxxx Xxxxxx
00 Xxxxxxxxxxx Xxxxxxxx Apartments 0000 Xxxx 00xx Xxxxxx
81 Daytona Beach Hilton Oceanfront Resort 0000 X. Xxxxxxxx Xxxxxx
83 North Oaks Plaza 0000 Xxxxxxx Xxxxxx Xxxx
87 0000 Xxxxxx Xxxxxx 0000 Xxxxxx Xxxxxx
89 Hampton Inn (Louisville) 000 Xxxxxxxx Xxxx
00 Xxxxx Xxxxxx Xxxx, Xxxxx I North Side of U.S. Route 50
97 Classic Portfolio (Roll-up) Various
97a 0 Xxxxxxx Xxxxxx (Classic Portfolio) 0 Xxxxxxx Xxxxxx
97b 000 X. 00xx Xxxxxx (Classic Portfolio) 000 X. 00xx Xxxxxx
97c 000 X. 00xx Xxxxxx (Classic Portfolio) 000 X. 00xx Xxxxxx
97d 00 X. 00xx Xxxxxx (Classic Portfolio) 00 X. 00xx Xxxxxx
97e 000 X. 00xx Xxxxxx (Classic Portfolio) 000 X. 00xx Xxxxxx
00 Xxx Xxxxx Medical Plaza 0000 Xxxxxxx Xxxxxx Xxxxx
100 Kensington Club Apartments 00000 Xxxxxxxxx Xxxx
000 Xxxx Xxxxxxx Xxxxxxx Xxxxx Xxxx of Lafayette Parkway
000 Xxxxxxxxxxx Xxxxx 0000 Xxxxxxxxxxx Xxxx
000 Xxxxxxxxxxx Xxxx & Crafts Village 000 Xxxxx Xxxxxxx 000
000 Xxxx Xxxxxx Xxxxx S/W/C School Street and Highland Road
107 Xxxxx Fashion Center 0000 Xxxxx Xxxxx Xxxxxx
000 Xxxx Xxxxx 000 Xxxxxx Xxxxxx
111 Sunscape West Apartments 8840 19th St.
114 Le Med Apartments 000 X. Xxxxxx Xxxxx Xxxxxx
116 Westminster Plaza 12109-12121 Xxxxxxxxxx Xxxx
000 Xxxx Xxxxxx Xxxxxxxx 000 Xxxxxxxx Xxxxxx
000 Xxxxxx Xxxx X.X. Xxxxxxx 00 and Shamrock Drive
000 Xxx Xxxxxx Xxxx NEQ I 270 & Sawmill Road
123 Highgate Apartments 0000 Xxxxxx Xx.
124 Playa Xxxxxx Apartments 0000-00 Xxxxxxx Xxx Xxxxxx
125 Xxxxxx Xxxxx Mall 0000 Xxxxxxx Xxxx
131 Pelham at Xxxxxx Business Center Pelham Road at Xxxxxx Road
136 Officemax and Best Buy 2420 & 0000 Xxxx Xxxxxxx Xxxxx
137 Two Executive Boulevard Two Executive Boulevard
000 Xxxxxx Xxxxx Apartments 000 X. Xxxxxxxx Xxx.
000 Xxxxx Xxxxxxx Apartments 0000 Xxxxxxxxx Xxxxxxxxx
145 A & P Grocery Store 000 Xxxxxxxxxx Xxxx (X.X. Xxxxx 0)
148 Holiday Inn City Center 000 Xxxx Xxxx Xxxxxx
149 53, 53-West, and 000 Xxxxxxxx Xxxxxx 00000 and 00000 XX 00xx Xxxxxx and 5401 and 0000 X
000 Xxxxxxx Apartments 000 Xxxxxxxxx Xxxxxx
000 XxxXxxxxx Xxxxx I & II 0000 XxxXxxxxx Xxxxxxxxx and 0000 Xxxxx Xxxxx Xxxx
154 Evergreen Plaza 0000 Xxxxx 00
000 00 XxXxxx Xxxxxx 00 XxXxxx Xxxxxx
156 1-3 Parklands Drive (Parkland Office Park) 0-0 Xxxxxxxxx Xxxxx
000 Xxxxx Xxxxx Xxxxxx XXX of Grand Ave. & Peyton Drive
161 Wickes Shopping Center 000 Xxxxxxx Xxxxxxxxxx Xxxxx
162 Xxxxx Square West Shopping Center SEC of West Broad Street & Tuckernuck Drive
164 Commerce Park of Palm Beach County 0000 Xxxxxxx Xxx
172 00 Xxxxxx Xxxxxx Limited Partnership 00-00 Xxxxxx Xxxxxx
174 Club at Woodland Pond 00000 Xxxxx 00xx Xxxxxx
Mortgage Monthly Stated
Loan Cut-Off Date Payment Due Mortgage Remaining Maturity
Number City State Zip Balance (on 1st Due Date) Rate Term Date or ARD
(i) (ii) (ii) (ii) (iii) (iv) (v) (vi) (vi)
00 Xxxx Xxxxxx XX 00000 11,283,800.93 94,734.07 8.3400 254 07/01/19
54 Xxxxxxx XX 00000 10,947,916.37 78,400.40 7.6825 173 10/01/12
59 Xxxxxxxx XX 00000 10,500,000.00 72,199.14 7.3300 120 05/01/08
63 Xxxxxxxx Xxxx XX 00000 9,745,742.13 67,657.93 7.3960 116 01/01/08
66 Xxxxxxxxxx XX 00000 9,586,461.99 64,579.81 7.1100 118 03/01/08
70 Xxxxxxxxx Xxxxx XX 00000 9,250,000.00 65,731.55 7.0600 120 05/01/08
73 Xxxxxxxxxx Xxxxxxxx XX 00000 9,205,383.81 61,469.42 7.0100 177 02/01/13
74 Xxxxx XX 00000 9,186,994.22 61,826.94 7.1000 118 03/01/08
75 Xxxxxx XX 00000 9,177,123.74 63,824.51 7.4200 116 01/01/08
80 Xxxxxxx XX 00000 8,776,084.48 57,956.81 6.9000 117 02/01/08
00 Xxxxxxx Xxxxx Xxxxxx XX 00000 8,281,860.32 59,886.06 7.2300 118 02/29/08
00 Xxxxxxxxxx XX 00000 8,093,897.78 56,220.97 7.4250 239 04/01/18
87 Xxxxxxxxxxxx XX 00000 7,794,129.65 54,165.35 7.4300 119 04/01/08
89 Xxxxxxxxxx XX 00000 7,771,500.87 57,641.31 7.5000 117 02/01/08
92 Xxxxx Xxxx XX 00000 7,743,942.22 52,816.11 7.2400 119 04/01/08
97 New York NY Various 7,201,769.35 49,645.50 7.3300 117 02/01/08
97a Xxx Xxxx XX 00000
97b Xxx Xxxx XX 00000
97c Xxx Xxxx XX 00000
97d Xxx Xxxx XX 00000
97e Xxx Xxxx XX 00000
98 Xxxx Xxxxx XX 00000 7,181,443.42 48,921.50 7.2100 117 02/01/08
000 Xxxxxxx XX 00000 7,131,286.58 48,146.75 7.1200 117 02/01/08
102 XxXxxxxx XX 00000 7,094,294.06 47,714.27 7.1000 119 04/01/08
103 Xxxxxxxxxx XX 00000 7,081,449.20 47,857.98 7.1300 117 02/01/08
104 Xxxxxx XX 00000 7,055,984.78 49,447.89 7.5100 118 03/01/08
000 Xxxx Xxxx XX 00000 6,990,558.40 47,942.40 7.2900 70 03/01/04
107 Xxxx Xxxxx XX 00000 6,968,150.86 51,619.17 7.1200 129 02/01/09
000 Xxxxxx XX 00000 6,892,159.81 51,080.19 7.5200 119 04/01/08
000 Xxxxxx Xxxxxxxxx XX 00000 6,839,980.49 45,389.35 6.9600 118 03/01/08
114 Xxxxx XX 00000 6,744,467.08 44,907.92 7.0000 119 04/01/08
000 Xxxxxxx XX 00000 6,690,963.03 45,887.73 7.2900 118 03/01/08
119 Xxxxxxxxxxx XX 00000 6,656,983.36 44,140.29 6.9400 117 02/01/08
120 Xxxxxx XX 00000 6,594,695.89 44,354.11 7.1000 119 04/01/08
122 Xxxxxxxx XX 00000 6,584,429.79 44,978.88 7.2400 57 02/01/03
000 Xxxxxxx XX 00000 6,583,249.29 45,247.68 7.3000 117 02/01/08
124 Xxx Xxxxx XX 00000 6,582,428.06 43,998.65 7.0200 117 02/01/08
125 Xxxxxx Xxxxx XX 00000 6,574,953.93 45,922.40 7.4500 235 12/01/17
131 Xxxxxxxxxx XX 00000 6,402,356.16 43,986.27 7.3000 117 02/01/08
000 Xxxxxxx XX 00000 6,320,000.00 42,429.81 7.0900 120 05/01/08
137 Xxxxxxxxxx XX 00000 6,295,095.15 43,019.85 7.2600 119 04/01/08
143 Xxxxxx XX 00000 6,190,931.25 41,082.33 6.9600 118 03/01/08
144 Xxxx Xxxx XX 00000 6,177,199.24 42,631.87 7.3300 115 12/01/07
000 Xxxxxxxxxx XX 00000 6,163,226.67 45,600.94 7.4200 293 10/01/22
148 Xxxxxxxx XX 00000 6,073,664.24 46,677.41 7.9000 80 01/01/05
149 Xxxxxxx XX 00000 5,993,027.80 43,872.20 7.3800 119 04/01/08
000 Xxxx Xxxxx XX 00000 5,984,430.12 40,605.51 7.1700 177 02/01/13
152 Cabin Xxxx MD 20818 5,983,970.74 39,918.15 7.0000 117 02/01/08
000 Xxxxx Xxxxx XX 00000 5,982,208.81 42,170.84 7.5530 116 01/01/08
000 Xxxxxxxxxx XX 00000 5,795,439.34 39,408.99 7.2100 119 04/01/08
156 Xxxxxx XX 00000 5,792,389.77 40,158.03 7.4000 118 03/01/08
157 Xxxxx Xxxxx XX 00000 5,785,128.07 39,526.89 7.2400 177 02/01/13
000 Xxxxx XX 00000 5,707,136.81 38,831.45 7.2100 118 03/01/08
162 Xxxxxxxx XX 00000 5,685,607.37 39,193.83 7.3300 117 02/01/08
164 Xxxxxxxxxx XX 00000 5,585,217.47 37,520.58 7.0700 117 02/01/08
172 Xxx Xxxx XX 00000 5,382,520.27 36,326.14 7.1100 116 01/01/08
174 Xxxxx XX 00000 5,355,892.91 36,892.42 7.3400 119 04/01/08
Remaining ARD
Amortization Additional
Mortgage Term (in Master Additional Interest
Loan the case of Ground Servicing Servicing ARD Rate Accrual Mortgage
Number Balloon loan) Lease Fee(%) Fee (%) Loan (%) Basis Loan Seller CTL
(i) (vii) (viii) (ix) (ix) (x) (x) (xi) (xii) (xiii)
52 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
54 353 N 0.1500 0.0050 N - Act/360 Xxxxxx Brothers
59 360 N 0.1150 0.0050 N - Act/360 Xxxxxx Brothers
63 N 0.0900 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
66 358 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
70 300 N 0.1500 0.0050 N - Act/360 Xxxxxx Brothers
73 N 0.0950 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
74 358 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
75 357 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
80 N 0.0900 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
81 N 0.0900 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
83 N 0.1400 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
87 359 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
89 297 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
92 359 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
97 Both 0.0900 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
00x X
00x X
97c Y
97d N
97e N
98 N 0.1400 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
100 357 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
102 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
106 358 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
107 Y 0.0900 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
110 299 Y 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
116 358 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
120 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 30/360 Xxxxxx Brothers
123 357 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 30/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
136 360 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
137 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
144 355 N 0.1650 0.0050 N - Act/360 Xxxxxx Brothers
145 Y 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
148 296 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
149 299 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
152 357 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
154 356 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
155 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
156 358 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
161 358 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
174 359 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
Lease Residual Debt
Mortgage Enhance- Value Service Loan Interest
Loan CTL ment Insurance Coverage to Value Cross Defea- Reserve
Number Guarantor Policy Policy Ratio (x) Ratio Defaulted sance Loan
(i) (xiii) (xiv) (xiv) (xv) (xv) (xvi) (xvii) (xviii)
52 K-Mart 1.02 93.3 No Y N
54 1.44 71.4 LB-H Y N
59 1.30 73.4 No Y Y
63 1.45 73.3 No Y Y
66 1.36 79.9 No N Y
70 2.20 60.9 No Y Y
73 1.32 78.7 No Y Y
74 1.31 79.9 No N Y
75 1.22 78.3 No N Y
80 1.25 79.8 No Y Y
81 1.48 59.2 No Y Y
83 1.30 74.9 No N Y
87 1.42 71.5 No Y Y
89 1.49 74.7 No Y Y
92 1.35 71.7 No Y Y
97 1.34 72.0 No Y Y
97a 0.00 0.0
97b 0.00 0.0
97c 0.00 0.0
97d 0.00 0.0
97e 0.00 0.0
98 1.34 68.4 No Y Y
100 1.26 77.9 No Y Y
102 1.32 68.5 No Y Y
103 1.29 74.8 No Y Y
104 1.25 73.5 No Y Y
106 1.32 69.9 No Y Y
107 1.28 72.6 No Y Y
110 1.50 62.7 No Y Y
111 1.30 72.0 No Y Y
114 1.27 78.9 No N Y
116 1.36 73.5 No Y Y
119 1.47 73.2 No Y Y
120 1.30 71.7 No Y Y
122 1.21 74.8 No N N
123 1.37 79.3 No Y Y
124 1.32 79.1 No Y Y
125 1.30 78.5 No Y N
131 1.28 74.0 No Y Y
136 1.34 79.0 No Y Y
137 1.32 74.9 No Y Y
143 1.41 79.9 No Y Y
144 1.23 76.6 No Y Y
145 A & P 1.05 96.3 No Y N
148 1.64 47.1 No Y N
149 1.38 74.9 No Y Y
151 1.45 79.8 No Y Y
152 1.47 78.0 No Y Y
154 1.31 73.9 No N Y
155 1.31 72.4 No Y Y
156 1.40 72.4 No Y Y
157 1.58 60.3 No Y Y
161 1.52 73.6 No Y Y
162 1.36 77.9 No Y Y
164 1.54 60.7 No N Y
172 1.39 74.8 No Y Y
174 1.30 79.9 No Y Y
B-15
First Union-Xxxxxx Brothers-Bank of America Commercial Mortgage Trust 1998-C2
Servicing & Pooling
Xxxxxx Pool
Mortgage
Loan
Number Property Name Address
(i) (ii) (ii)
178 Whole Foods Market 000 Xxxxxxxxxx Xxxxxx
179 One Sentry Parkway One Sentry Parkway
187 Budgetel Inn 0000 XX 00xx Xxxxxx
000 Xxxxxxxx Xxxxxxx Xxxxxx X/X Xxxxx 000
000 Thrifty's (Roll-Up) Various
191a Thrifty's Neighborhood Center (South Pasadena) 000-000 Xxxx Xxxx Xxxxxx
191b 0000 Xxxx Xxxxxxxxx Xxxxxx (Thrifty's-Gardena) 0000 Xxxx Xxxxxxxxx Xxxxxx
191c Thrifty Drug Store No. 650 (Thrifty's Calexico) 000 X. 0xx Xxxxxx
191d 72 Springstowne Center (Thrifty's Vallejo) 00 Xxxxxxxxxxx Xxxxxx
193 Xxxxxxx Corner Shopping Center NEQ of Cactus Road and 67th Avenue
194 Timbers of Xxxx Xxxxxx Xxxxxxxxxx 0000 Xxxxxxxxxx Xxxxx
200 Southpoint Shopping Center 12855 Gulf Freeway
201 Provincial Towers Apartments 00 Xxxxx Xxxx Xxxxxx
202 Royal Palms Mobile Home/RV Park 0000 X. Xxx Xxxxx Xxxxxxxxx
204 Park Plaza - Salem 000-000 Xxxxx Xxxxxxxx
000 Xxxxxxx Xxxxx Xxxxxxx 0000-0000 Xxxxx Xxxxx Xxxxxxx
000 Xxxxx Xxxxx Xxxxxxxx 000 Xxxxxxxx Xxxxxx
000 Xxxxx Xxxxx Xxxxxxxxxx 000 Xxxx Xxx Xxxxx Road
214 Xxxxxx Creek Plaza 0000 Xxxxxxx Xxxx
000 XxxxxXxxxxxx Bank Plaza 0000-0000 Xxxxx Xxxxxxxxxx Xxxxx
000 Xxxxxxxxxx Xxxxxx X.X. Xxxxxxx Xx. 00
000 Xxxxxxx Xxxxx Xxxxx Xxxx and Orchard Avenue
220 X.X. Xxxxxx Building 000 Xxxxx Xxxx Xxx
224 Kingston Apartments 0000-0000 Xxxxx Xxxxxxx Xxxxxx
225 Glengary Shopping Center 0000-0000 Xxxxxxxxxxx Xxxx
226 1696 and 1700 to 0000 Xxxxxxx Xxxxxxxxx 1696 and 1700 to 0000 Xxxxxxx Xxxxxxxxx
230 Walgreens Pharmacy (Chicago) NWC Xxxx Xxxxxxxxx Xxxxxx & Xxxxx Xxxxxxx Xxxxxx
231 Xxxx Plaza Shopping Center 1620 Dublin Granville Road
232 Villa Xxxxxxx 000 Xxxxx Xxxxxxxx
000 Xxxxxxx Xxxxx Xxxxxxxx Xxxxxx S/E Corner of Xxx Avenue and Main Street
235 Best Buy (Little Rock) Xxxxxx Xxxxxxx & Xxxxxx Xxxx
000 Xxxxx Xxxxxxx Tower 000 Xxxxx Xxxxxx Xxxxx
241 Oakwood Apartments 0000 XX 0xx Xxxxxx
243 5210 Maryland Way Office Building NEC of Maryland Way and Westwood Place
245 Fashion Village and East Colonial Shopping Centers 3817 & 0000-0000 Xxxx Xxxxxxxx Xxxxx
252 Xxxxxxx Crossing Shopping Ctr. 0000 Xxxxxxx Xxxx
000 Xxxxx Xxxxx Apartments 0000 Xxxxxx Xxxx Xxxxxxx
257 Versailles of Rockford 0000 Xxxx Xxxxx Xxxxxx
258 Lynnwood Manor Health Care Center 0000 000xx Xxxxxx X.X.
000 Xxx-Xxxxxx Xxxxxx X.X. Xxxxxxx 00X
260 Bethesda Court Hotel 0000 Xxxxxxxxx Xxxxxx
000 Xxxxxxx Xxxx Xxxxxx Xxxxxxxxx 00 Xxxx Xxxxxx
263 Highland Tech Center 8925,8955,8985 Xxxx Xxxxxxx Xxxxxx
000 Stor-All Properties Various
264a 1880 Xx. Xxxxx'x Way 0000 Xx. Xxxxx'x Xxx
264b 7388 Central Industrial Way 0000 Xxxxxxx Xxxxxxxxxx Xxx
264c 330-358 Northeast 0xx Xxxxxx 330-358 Northeast 4th Xxxxxx
000 Xxxxxx Xxxxxx Xxxx 130, 132 and 000 Xxxxxxx Xxxxx
266 XxXxxxx Corners 000 Xxxxxxxxxxx Xxxx
268 Courtyards Apartments 0000 Xxx Xxxxxxx Xxxxx
269 Miami Gardens Plaza 00000 Xxxxxxxxx 00xx Xxxxxx
271 Webtron Building 0000 X. XxXxx Xxxx
273 Santa Fe Square Northeast Xxxxxx xx Xxxxxxxx Xxxxxx & Xxxxxxx Xxxx
000 Best Buy (Sioux Falls) 0000 X. 00xx Xxxxxx
Mortgage Monthly Stated
Loan Cut-Off Date Payment Due Mortgage Remaining Maturity
Number City State Zip Balance (on 1st Due Date) Rate Term Date or ARD
(i) (ii) (ii) (ii) (iii) (iv) (v) (vi) (vi)
000 Xxx Xxxxx XX 00000 5,331,911.30 36,727.23 7.3400 119 04/01/08
000 Xxxxxxxx Xxxxxxxx XX 00000 5,292,378.31 35,367.88 7.0300 118 03/01/08
187 Xxxxx XX 00000 4,994,436.22 37,438.78 7.6500 119 04/01/08
188 Xxxxxxxxx XX 00000 4,993,729.36 35,020.64 6.9000 119 04/01/08
191 Various CA Various 4,936,933.47 33,165.45 7.0700 117 02/01/08
000x Xxxxx Xxxxxxxx XX 00000
191b Xxxxxxx XX 00000
191c Xxxxxxxx XX 00000
191d Xxxxxxx XX 00000
193 Xxxxxxxx XX 00000 4,904,313.30 33,091.81 7.1161 81 02/01/05
000 Xxxxxx XX 00000 4,896,093.16 33,061.84 7.1400 119 04/01/08
000 Xxxxxxx XX 00000 4,735,219.11 32,596.91 7.3100 80 01/01/05
201 Xxxxxx-Xxxxx XX 00000 4,662,868.47 31,638.46 7.1700 177 02/01/13
000 Xxxxxx XX 00000 4,600,000.00 31,598.81 7.3200 120 05/01/08
204 Xxxxx XX 00000 4,588,483.58 31,786.73 7.3800 117 02/01/08
208 Xxxxxx Xxxxx XX 00000 4,489,166.80 31,804.30 7.6100 177 02/01/13
209 Xxxxxxxx XX 00000 4,488,810.52 31,218.51 7.4200 117 02/01/08
210 Xxxxxxx XX 00000 4,485,830.01 30,697.93 7.2500 116 01/01/08
214 Xxxxxx Xxxxx XX 00000 4,445,732.34 32,043.08 7.4900 119 04/01/08
215 Xxxxxxxxxx XX 00000 4,393,961.09 29,926.28 7.2200 118 03/01/08
216 Xxxxx XX 00000 4,393,749.31 29,510.09 7.0800 118 03/01/08
000 Xxxxx Xxxxxxxx XX 00000 4,389,461.37 31,690.20 7.2100 298 03/01/23
220 Xxxx Xxxxx XX 00000 4,196,597.85 28,112.15 7.0600 119 04/01/08
000 Xxxxxx Xxxxxx XX 00000 4,180,514.34 30,901.16 7.4500 56 01/01/03
000 Xxxxxxx Xxxxxxxx XX 00000 4,174,404.10 28,713.70 7.3200 118 03/01/08
000 Xxxxx Xxxx XX 00000 4,164,473.16 28,758.54 7.3600 118 03/01/08
230 Xxxxxxx XX 00000 4,119,422.58 30,785.00 7.3600 236 01/01/18
231 Xxxxxxxx XX 00000 4,114,484.43 28,301.54 7.3200 118 03/01/08
232 Xxxxxxx XX 00000 4,111,868.60 29,639.51 7.7768 115 12/01/07
233 Xxxxxxx XX 00000 4,094,344.90 27,830.32 7.2000 118 03/01/08
000 Xxxxxx Xxxx XX 00000 4,092,586.34 33,004.26 7.4900 239 04/01/18
236 Xxxxxxxx XX 00000 4,085,108.18 29,397.77 7.1600 297 02/01/23
000 Xxxxxxx Xxxx XX 00000 3,990,036.80 27,722.49 7.4100 177 02/01/13
000 Xxxxxxxxx XX 00000 3,987,379.97 27,259.93 7.2400 116 01/01/08
245 Xxxxxxx XX 00000 3,932,520.25 28,736.26 7.9100 113 10/01/07
252 Xxxxxxxxxxxx XX 00000 3,790,289.55 25,948.48 7.2600 117 02/01/08
253 Xxxxxxx XX 00000 3,788,034.64 25,922.70 7.2500 116 01/01/08
000 Xxxxxxxx XX 00000 3,750,108.50 25,243.05 7.0900 117 02/01/08
000 Xxxxxxxx XX 00000 3,746,037.63 28,868.62 7.9700 119 04/01/08
259 Xxxxxx XX 00000 3,688,584.07 25,499.53 7.3530 116 01/01/08
260 Xxxxxxxx XX 00000 3,636,395.34 26,641.67 7.3600 117 02/01/08
262 Xxxxxxx XX 00000 3,614,244.75 25,470.75 7.5500 116 01/01/08
263 Xxxxxxxxx XX 00000 3,597,169.25 24,460.75 7.2100 239 04/01/18
264 Various FL Various 3,594,923.24 24,217.43 7.1100 118 03/01/08
264a Xxxxxx Xxxxx XX 00000
264b Xxxxxxx Xxxxx XX 00000
264c Xxxxxx Xxxxx XX 00000
265 Xxxxxxxxx XX 00000 3,594,810.39 23,999.26 7.0200 118 03/01/08
266 Xxxxxxxxxxx XX 00000 3,591,540.48 26,206.88 7.3300 298 03/01/23
268 Xxxxxxxx XX 00000 3,591,078.89 25,023.98 7.4400 117 02/01/08
269 Xxxxx XX 00000 3,591,048.41 24,974.81 7.4200 117 02/01/08
271 Ft. Xxxxxxxxxx XX 00000 3,547,375.75 24,870.75 7.5200 119 04/01/08
273 Xxxx XX 00000 3,496,073.89 26,092.78 7.6000 83 04/01/05
000 Xxxxx Xxxxx XX 00000 3,475,000.00 24,131.36 7.4300 120 05/01/08
Remaining ARD
Amortization Additional
Mortgage Term (in Master Additional Interest
Loan the case of Ground Servicing Servicing ARD Rate Accrual Mortgage
Number Balloon loan) Lease Fee(%) Fee (%) Loan (%) Basis Loan Seller CTL
(i) (vii) (viii) (ix) (ix) (x) (x) (xi) (xii) (xiii)
178 359 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
187 299 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
188 299 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
191 357 Both 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
191a Both
191b Both
191c Both
191d Both
193 357 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
194 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
202 360 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
204 357 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
209 357 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
214 323 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
215 358 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers
220 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
226 358 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
230 282 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
233 358 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0000 X - Xxx/000 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 30/360 Xxxxxx Brothers
245 353 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
252 357 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
253 356 N 0.0900 0.0050 N - 30/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
258 299 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
260 297 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000x X
000x X
264c N
265 N 0.1400 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers
268 357 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
269 357 N 0.1700 0.0050 N - Act/360 Xxxxxx Brothers
271 359 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
273 299 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
276 360 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
Lease Residual Debt
Mortgage Enhance- Value Service Loan Interest
Loan CTL ment Insurance Coverage to Value Cross Defea- Reserve
Number Guarantor Policy Policy Ratio (x) Ratio Defaulted sance Loan
(i) (xiii) (xiv) (xiv) (xv) (xv) (xvi) (xvii) (xviii)
178 1.25 79.9 No N Y
179 1.36 57.7 No Y Y
187 1.49 74.5 No Y N
188 1.72 60.2 No Y Y
191 1.35 73.1 No Y Y
191a 1.20 66.5
191b 1.41 80.3
191c 1.52 79.8
191d 1.51 80.2
193 1.31 74.7 No N Y
194 1.28 75.3 No Y Y
200 1.30 75.2 No Y Y
201 1.23 77.7 No Y Y
202 1.37 78.6 No Y Y
204 1.26 78.4 No Y Y
208 1.26 56.1 No Y N
209 1.26 70.7 No Y Y
210 1.25 73.5 No N Y
214 1.40 74.0 No N Y
215 1.49 72.0 No Y Y
216 1.28 75.1 No Y Y
217 1.31 74.4 No Y N
220 1.28 71.1 No Y Y
224 1.27 78.4 No Y Y
225 1.32 74.5 Xx X X
000 0.00 00.0 Xx X X
000 Xxxxxxxx Company Y Y 1.02 94.7 No Y N
231 1.30 73.5 No Y Y
232 1.20 76.6 No N N
233 1.38 73.4 No Y Y
235 1.26 74.4 No Y Y
236 1.31 69.2 No Y N
241 1.31 79.8 No Y Y
243 1.36 79.0 No Y N
245 1.33 76.4 No Y N
252 1.40 73.6 No Y Y
253 1.41 74.3 No Y N
257 1.23 79.8 No Y Y
258 2.29 47.4 No Y N
259 1.46 75.3 LB-B Y Y
260 1.58 66.1 No Y Y
262 1.31 65.9 No Y Y
263 1.26 74.9 No N Y
264 1.31 74.1 No Y Y
264a 0.00 0.0
264b 0.00 0.0
264c 0.00 0.0
265 1.34 78.2 No Y Y
266 1.25 74.8 No Y N
268 1.26 79.8 No Y Y
269 1.66 71.8 No Y Y
271 1.35 74.7 No N Y
273 2.00 30.9 No N Y
276 1.25 77.2 No N Y
B-16
First Union-Xxxxxx Brothers-Bank of America Commercial Mortgage Trust 1998-C2
Servicing & Pooling
Xxxxxx Pool
Mortgage
Loan
Number Property Name Address
(i) (ii) (ii)
277 Parkway Nursing Home 000 00xx Xxxxxx
279 Terrace View Apartments 000 Xxxxxx Xxxxxx
000 Xxxxxxxxx (Xxx Vegas) 0000 Xxxx Xxxx Xxxxxxxxx
284 Fidelity Federal Bank Building 0000 Xxxxxx Xxxxxx Xxxxxxxxx
000 Xxxxx Xxxxxxxx Xxxxxxx 00 Xxxx Xxxxx Xxxxxxxx Xxxxxxxxx
000 Xxxxxxxxxxxxxx Xxxxxx Xxxxxxxx Highway 44
289 100 Broadway 64, 100 & 000 Xxxxxxxx
293 Green Center (MCG) East Xxxx Drive and Xxxx Street
295 Walgreens Pharmacy (Chicago Heights) SWC of Western Avenue and Lincoln Highway
296 Everett I-5 Mini-Storage 00000 0xx Xxxxxx Xxxx
298 Marketplace Shopping Center (Williamsburg-Loan Level) Various
000x Xxxxxxxxx Xxxxxxxx Center (Williamsburg-Prop Level) 000 XxXxxx Xxxxxx
298b Marketplace Shopping Center (Williamsburg-Prop Level) 000 XxXxxx Xxxxxx
302 Sussex Downs Apartments 0000 Xxxxxxxxx Xxxxx
303 Foothills Villas Apartments 0000-0000 Xxxx Xxxxxx Xxxxxx
000 Xxxxxxxxxx Xxxxxx Xxxxxxxx Xxxxxxx 0 xx X.X. Xxxxxxx 000
310 Swall Towers East 000 X. Xxxxx Xxxxx
000 Xxxxxxxx Xxxxxxx Xxxxx 50 Route 111
314 Xxxxxx Xxxxxxxxxx Xxxxxx Xxxxxx 00 Xxxx Xxxxxx
316 Swall Towers West 000 X. Xxxxx Xxxxx
319 Salt Lake Medical Xxxxx Xxxxxx Xxxxxxxx 00 Xxxxx 0000 Xxxx
000 Xxxxxxxx Xxxxx Apartments 000-000 Xxxxxx Xxxxxx
323 Village on the Pike Shopping Center 0000 Xxxxxxxxx Xxxx
326 General Cinema 0000 Xxxx 00xx Xxxxxx
328 Valencia Gardens Apartments 2704 to 0000 Xxxxxxx Xxxxxx
331 Woodmere Apartments 0000 Xxxx Xxxxxx Xxxx Xxxx
334 Rain Forest Apartments 00000 Xxx Xxx Xxxxx
335 Nexstar Pharmaceuticals Building 0000 Xxxxxxxxxx Xxxxx
341 Timberfalls Apartments 0000 Xxxx 000xx Xxx.
344 University Village Shopping Center 2441, 0000-0000 Xxxxxxxxxx Xxxxxxxxx
000 Xxxxxxxxxx Xxxxxx Xxxx X.X. Xxxxx 000
352 Maple Plaza Shopping Center 0000-0000 X. Xxxx Xxxxx Xxxx
355 West Court Office Building 0000 Xxxxx Xxxxxx
357 Paradise Shopping Plaza NEQ of 00xx Xxxxxx xxx Xxxxxxxxxxx Xxxx
358 Century Analysis, Inc., Building 00 Xxxxx Xxxxx
000 Xxxxx Xxxxx Shopping Center 0000 Xxxxx Xxxx
363 Raintree Apartments 0000 Xxxxx 0xx Xxxxxx
000 Xxxx Xxxx Apartments 0000 Xxxxxx Xxxxx, X.X.
000 Xxxxxx Xxxxx Xxxxxxxxxx 00000 Xxxxxxxx Xxxxxxxxx
369 Inn at Saratoga 00000 Xxxxxx Xxxxxx
371 Marketplace at Xxx Xxxxx 00000 Xxxx Xxxxxxxxx Xxxxxx
378 K-Mart Plaza Shopping Center (Galveston) 0000-0000 Xxxxxxx Xxxx
379 000 Xxxxxxx Xxxx 000 Xxxxxxx Xxxx
383 Hillside Apartments 000 Xxxx Xxxxxx
384 Walgreen Store (Wolfcreek) XXX xx Xxxxxxxxxx Xxxxxxx & X.X. Xxxxxxx 00
000 Miramar/Chapparone Auto Center 0000-0000 Xxxxxxx Xxxx
390 Jefferson Centre 000 Xxxx Xxxxxxxxx Xxxxxxxxx
393 Central Park Professional Center 0000 Xxxxxxx Xxxxxx
403 Eckerd Drug Store (Lexington) NWC of Columbia Avenue and Old Xxxxxx Road
406 1803 Park Center Drive 0000 Xxxx Xxxxxx Xxxxx
000 Xxxxxxxxx Gardens Apartments 0000 Xxxxx Xxxxxx
416 River Oaks Apartments 0000 Xxxxxxx Xxxx Xxxxxx
418 Xxxx Office Building 000 Xxxx Xxxxx Xxxxxxx Xxxxxx
420 Hillcroft Plaza Shopping Center 6401 Hillcroft
422 Olde Towne Shopping Center 000-000 Xxxx Xxxxx Xxxx
Mortgage Monthly Stated
Loan Cut-Off Date Payment Due Mortgage Remaining Maturity
Number City State Zip Balance (on 1st Due Date) Rate Term Date or ARD
(i) (ii) (ii) (ii) (iii) (iv) (v) (vi) (vi)
277 Xxxxxxxxx XX 00000 3,446,354.62 26,559.13 7.9700 119 04/01/08
000 Xxxx Xxxxx XX 00000 3,431,073.27 23,280.49 7.1700 177 02/01/13
282 Xxx Xxxxx XX 00000 3,396,544.93 27,051.35 7.2000 234 11/01/17
000 Xxxxx Xxxxxxxxx XX 00000 3,392,923.73 25,103.59 7.4900 118 03/01/08
285 Xxxxxxx-Xxxxxxxx XX 00000 3,390,568.02 22,120.18 6.7800 117 02/01/08
287 Xxxxxxxxxxxxx XX 00000 3,389,509.68 23,432.00 7.3530 116 01/01/08
289 Xxxxxxx XX 00000 3,380,435.75 27,099.85 7.3600 117 02/01/08
293 Xxxxxxxxx XX 00000 3,343,708.47 26,335.70 7.1800 119 04/01/08
295 Xxxxxxx Xxxxxxx XX 00000 3,297,412.39 24,512.00 7.4300 236 01/01/18
296 Xxxxxxx XX 00000 3,295,515.58 22,534.20 7.2600 118 03/01/08
298 Xxxxxxxxxxxx XX 00000 3,291,905.50 23,074.08 7.5000 117 02/01/08
298a Xxxxxxxxxxxx XX 00000
298b Xxxxxxxxxxxx XX 00000
000 Xxxxxxxx XX 00000 3,266,130.06 21,612.98 6.9200 117 02/01/08
000 Xxx Xxxxxxxxx XX 00000 3,264,848.02 27,132.04 7.7700 234 11/01/17
306 Xxxxxxxxxx XX 00000 3,239,972.50 22,398.23 7.3530 116 01/01/08
310 Xxx Xxxxxxx XX 00000 3,197,448.60 21,591.40 7.1400 119 04/01/08
312 Xxxxxxxxx XX 00000 3,191,710.26 21,677.91 7.1800 117 02/01/08
000 Xxxx Xxxxxxxx XX 00000 3,184,959.64 22,704.46 7.6500 113 10/01/07
316 Xxx Xxxxxxx XX 00000 3,147,488.47 21,254.03 7.1400 119 04/01/08
319 Xxxx Xxxx Xxxx XX 00000 3,134,338.76 22,379.95 7.0700 117 02/01/08
322 Xxxxxxxx XX 00000 3,113,343.36 26,667.99 8.1200 51 08/01/02
000 Xxxxxxx XX 00000 3,097,528.33 20,916.67 7.1400 119 04/01/08
326 Xxxxxxxxxxxx XX 00000 3,090,238.46 21,147.46 7.2500 176 01/01/13
328 Xxxxxxx XX 00000 3,071,470.37 20,058.78 6.7900 117 02/01/08
331 Xxxxxxx XX 00000 3,032,111.26 20,573.46 7.1700 177 02/01/13
000 Xxxxxxx XX 00000 2,997,655.06 20,444.95 7.2400 119 04/01/08
335 Xxxxxxx XX 00000 2,997,612.80 20,262.20 7.1500 119 04/01/08
341 Xxxxx XX 00000 2,955,617.80 19,514.37 6.9100 118 03/01/08
000 Xxxxxxx XX 00000 2,936,468.90 23,757.60 9.0100 170 07/01/12
000 Xxxxxxx XX 00000 2,891,052.37 19,986.12 7.3530 116 01/01/08
000 Xxxxxx Xxxx XX 00000 2,792,929.95 19,253.10 7.3300 117 02/01/08
355 Xxxxxxxxx XX 00000 2,745,987.29 18,240.45 6.9700 118 03/01/08
357 Xxxxxxx XX 00000 2,697,988.17 18,841.83 7.4800 119 04/01/08
358 Xxxxxxx XX 00000 2,696,563.47 18,915.78 7.5200 118 03/01/08
361 Xxxxxxxx Xxxxx XX 00000 2,672,871.41 18,067.13 7.1500 119 04/01/08
363 Xxxxxxxxx XX 00000 2,652,844.86 17,625.65 6.9600 81 02/01/05
000 Xxxxxxxxxx XX 00000 2,596,160.04 17,158.40 6.9200 118 03/01/08
368 Xxxxxx XX 00000 2,593,160.14 17,455.30 7.0900 117 02/01/08
369 Xxxxxxxx XX 00000 2,588,127.92 19,298.41 7.5500 116 01/01/08
371 Xxxxxxxxx XX 00000 2,547,125.71 18,960.54 7.5700 119 04/01/08
000 Xxxxxxxxx XX 00000 2,494,392.42 17,813.27 7.0900 118 03/01/08
379 Xxxxxxxx XX 00000 2,491,811.51 16,716.60 7.0500 80 01/01/05
000 Xxxxxxx Xxxxx XX 00000 2,472,995.16 16,566.09 7.0600 119 04/01/08
000 Xxxxxxx XX 00000 2,467,814.73 20,287.76 7.5000 230 07/01/17
388 Xxx Xxxxx XX 00000 2,448,027.16 16,448.26 7.0900 119 04/01/08
000 Xxxxx Xxxx XX 00000 2,446,687.19 16,763.20 7.2800 118 03/01/08
393 Xxxxx Xxxxxx XX 00000 2,396,615.50 16,144.95 7.1100 118 03/01/08
403 Xxxxxxxxx XX 00000 2,340,959.27 17,274.09 7.5700 232 09/01/17
406 Xxxxxxx XX 00000 2,322,167.35 16,560.29 7.6900 118 03/01/08
414 Xxxxxxxxxx XX 00000 2,254,135.36 15,294.74 7.1700 177 02/01/13
000 Xxxxxx XX 00000 2,246,834.81 15,151.07 7.1200 118 03/01/08
418 Xxxxx Xxxxxxx XX 00000 2,222,028.77 15,299.34 7.3300 118 03/01/08
000 Xxxxxxx XX 00000 2,205,232.78 16,045.30 7.3000 118 03/01/08
422 Xxxxxxx Xxxxx XX 00000 2,197,192.71 15,397.79 7.5100 118 03/01/08
Remaining ARD
Amortization Additional
Mortgage Term (in Master Additional Interest
Loan the case of Ground Servicing Servicing ARD Rate Accrual Mortgage
Number Balloon loan) Lease Fee(%) Fee (%) Loan (%) Basis Loan Seller CTL
(i) (vii) (viii) (ix) (ix) (x) (x) (xi) (xii) (xiii)
277 299 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers Y
284 298 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
289 237 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
293 239 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
295 290 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
296 358 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000x X
000x X
302 357 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
310 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
312 357 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
314 353 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
316 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
319 297 Y 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
322 231 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
323 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
334 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
335 359 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
344 350 N 0.1650 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
357 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
361 359 N 0.1100 0.0050 N - Act/360 Xxxxxx Brothers
363 357 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
371 299 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
383 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0000 X - Xxx/000 Xxxxxx Brothers
388 359 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
390 358 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
393 358 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
403 280 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
406 358 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
416 358 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
418 358 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
Lease Residual Debt
Mortgage Enhance- Value Service Loan Interest
Loan CTL ment Insurance Coverage to Value Cross Defea- Reserve
Number Guarantor Policy Policy Ratio (x) Ratio Defaulted sance Loan
(i) (xiii) (xiv) (xiv) (xv) (xv) (xvi) (xvii) (xviii)
277 2.23 51.6 No Y N
279 1.24 79.8 No Y Y
282 Walgreen Company 1.29 69.0 No Y N
284 1.31 72.2 No N Y
285 1.39 73.7 No N Y
287 1.56 73.3 LB-C Y Y
289 1.36 67.6 Xx X X
000 0.00 00.0 Xx X X
000 Xxxxxxxx Company Y Y 1.02 94.2 No Y N
296 1.53 64.6 No Y Y
298 1.32 74.1 No Y Y
298a 1.32 77.8
298b 1.32 69.6
302 1.27 79.7 No Y Y
303 1.29 65.3 No N N
306 1.81 66.8 LB-B Y Y
310 1.29 79.9 No Y Y
312 1.30 72.5 No Y Y
314 1.28 75.8 No Y N
316 1.28 76.3 No Y Y
319 1.48 63.6 No Y Y
322 1.56 77.8 No Y N
323 1.39 73.8 No Y Y
326 1.29 79.2 No Y Y
328 1.29 79.8 No N Y
331 1.30 79.8 No Y Y
334 1.31 76.5 No Y Y
335 1.32 71.4 No N Y
341 1.41 79.9 No N Y
344 1.29 69.9 No N N
347 1.30 70.5 LB-C Y Y
352 1.38 57.0 No Y Y
355 1.29 78.5 No Y Y
357 1.39 74.7 No Y Y
358 1.27 74.9 No Y Y
361 1.38 77.5 No Y Y
363 1.54 69.8 No Y Y
367 1.30 79.6 No Y Y
368 1.32 78.6 No Y Y
369 3.53 39.8 No Y Y
371 1.31 74.7 No Y Y
378 1.31 65.6 No Y Y
379 1.25 62.3 No Y Y
383 1.33 79.8 No Y Y
384 1.19 83.1 LB-H Y Y
388 1.45 74.2 No N Y
390 1.57 74.1 No Y Y
393 1.26 68.5 No Y Y
403 JC Penney Y Y 1.07 97.5 No Y N
406 1.38 74.9 No Y N
414 1.20 77.7 No Y Y
416 1.43 73.7 No Y Y
418 1.32 74.1 No N Y
420 1.48 71.1 No Y Y
422 1.38 73.2 No Y Y
B-17
First Union-Xxxxxx Brothers-Bank of America Commercial Mortgage Trust 1998-C2
Servicing & Pooling
Xxxxxx Pool
Mortgage
Loan
Number Property Name Address
(i) (ii) (ii)
423 5 Walk-Up Residential Buildings (Formerly 00 Xxxx) 00 Xxxx 0xx, 157,162 Xxxxxxx, 166,178 Norfolk
425 Days Inn (Winter Park) 000 Xxxxx Xxxxxxx Xxxxxx
427 Xxxx Xxxxx Apartments 000 Xxxxxxxx Xxxxx
428 Sneaker Stadium Hurfville Road (Route 41)
429 Andora Apartments 0000 Xxxxx Xxxxx
431 0000 Xxxxx Xxxxxx (Xxxxxx Xxxxxx Xxxxxxxx) 0000 Xxxxx Xxxxxx
000 Xxxxxxxxx Pharmacy (Miami) 00000 Xxxxxxxxx 00xx Xxxxxx
441 FAA Building 0000 Xxxx Xxxx
000 Xxxxxxxxx - Xxxxxxxx 00000 Xxxx Xxxxxx Xxxx
000 Xxxxxxxxx Xxxxx 000-000 Xxxxxxxxxx Xxxxxx
450 PetsMart Inc. 0000 Xxxx Xxxx Xxxxxx
451 Cobblestone Village Shopping Center 0000-0000 Xxxx Xxxxxxxxxxxx Xxxxxx
454 3848-3870 Xxxx Xxxxxxxx Xxxxxxxxx (Xxxx Xxxxxxxx) 0000-0000 East Foothill Boulevard
464 Rite Aid Pharmacy (Liberty) Route 52
466 CVS Pharmacy (Philadelphia) 0000 Xxxxxxxxxx Xxxxxx
471 CVS Drug Store (Martinsville) S.R. 39 & Xxxxxxxx Street
473 Auto/Retail Facility (Lauderhill) 0000 X. Xxxxxxxxxx Xxxxxxxxx
474 Campostella Corners Shopping Center South Military Highway/Campostella Road
475 Shops at State Bridge 0000 Xxxxx Xxxxxx Xxxx
000 Xxxxxxxxx Inn (Xxxxxxxxx-Mt.Sterling) 000 Xxxxx Xxxxx Xxxxx
480 Hampton Inn (Xxxxxxxxx-Elizabethtown) 0000 Xxxxxxxxx Xxxxx
482 CVS Pharmacy (Xxxxxx) 000 Xxxxxxxxxxxx Xxxx
000 Xxxxxxx Xxxxxx 0000-00 Xxxxxxx Xxxx
494 Eckerd Drug Store (Jacksonville) NWC Southside Boulevard and Xxxxxxxx Road
000 Xxxxxxx Xxxxx Xxxxxxx Xxxxxxxxx
498 Officemax Free-Standing Retail/Commercial Building South Side of Route 611
500 The In-Line Retail Shop Space (Peoria) 8940 and 0000 Xxxx Xxxx Xxxx
000 Xxxxxxx Xxxxx Shopping Center Highway 105 West
502 Eckerd Drug Store (Ft. Xxxxx) South Side of Palm Beach Boulevard (S.R. 80)
504 Crystal Inn (Xxxxxxx City) 000 Xxxxxxxx Xxxxx
512 Revco Pharmacy (Decatur) SWC of Xxxxxxx Road and Xxxxx Xxxxxxx Xxxx
000 000 Xxxxxx Xxxxxx 000 Xxxxx Xxxxxx
000 Xxxxxx Center XXX xx Xxxxx Xxxxx 00 xxx Xxxxx Xxxxx 000
518 Village Xxxxx Commons Shopping Center 00 Xxxxxxx Xxxxxx
519 Days Inn (Prescott Valley) 0000 Xxxx Xxxxxxx 00
000 CVS Pharmacy (Lancaster) 00-00 X. Xxxxx Xxxxxx
525 Galaxy Shopping Center 0000 Xxxxxx Xxxxxx
526 Crestwood Station Shopping Center Xxxxxxxx Xxxxxxx 000
000 Xxxxxxx Xxxxx 00 Xxxxx Xxxxxxx Xxx.
529 Price Savers Center 0000 Xxxx Xxxxxxxx Xxxx
530 Indian Village Shopping Center SEC of Indian School Road and 16th Street
531 Caledon Wood Professional Park Pelham Road
532 0000 Xxxx 00xx Xxxxxx 0000 X. 00xx Xxxxxx
000 0 Xxxxxxx Xxxxx 6 Fortune Drive
536 Georgetown Village Apartments 0000 Xxxxxxxxx Xxxx
537 000 Xxxxxxxxxx Xxxxxx (Xxxxxx Private) 000 Xxxxxxxxxx Xxxxxx
000 Xx Xxxxx Xxxxx Xxxxxxxxxx 0000 Xxxxx Xx Jolla Boulevard
542 Xxxxxx Warehouse (Xxxxxx II) 000 Xxxxx Xxxxxxx Xxxxxx
544 Eckerd Drug Store (Camden) SWC of DeKalb Street and Xxxxxxxx Street
545 CVS Drug Store (Mableton) 0000-0000 Xxxxxxxx Xxxxxxx
000 Xxx'x Xxxxxxxxxx Xxxxx XXX Xxxxxxxxxx Xxxx and University Drive
000 Xxxx Xxxxx (Amenia) Route 22
Mortgage Monthly Stated
Loan Cut-Off Date Payment Due Mortgage Remaining Maturity
Number City State Zip Balance (on 1st Due Date) Rate Term Date or ARD
(i) (ii) (ii) (ii) (iii) (iv) (v) (vi) (vi)
423 Xxx Xxxx XX 00000 2,197,106.08 15,217.35 7.3900 118 03/01/08
000 Xxxxxx Xxxx XX 00000 2,195,718.51 16,747.44 7.8400 118 03/01/08
427 Xxxxxxxxx XX 00000 2,194,360.59 15,241.76 6.7800 118 03/01/08
428 Xxxxxxxx XX 00000 2,193,031.27 14,963.14 7.2200 116 01/01/08
429 Xxxxxx XX 00000 2,192,153.17 17,295.09 7.1800 238 03/01/18
431 Xxxxxxx Xxxxx XX 00000 2,183,388.13 15,322.75 7.5300 119 04/01/08
432 Xxxxx XX 00000 2,170,234.76 16,922.34 7.4500 230 07/01/17
000 Xxx Xxxxx Xxxxxxxx XX 00000 2,141,611.88 23,552.00 7.0600 159 08/01/11
448 Xxxxxxxx XX 00000 2,100,455.05 17,827.32 7.7700 223 12/01/16
449 Xxxxxxxxx XX 00000 2,098,425.83 14,611.67 7.4500 119 04/01/08
450 Xxxxxxxxxx XX 00000 2,098,410.02 14,539.98 7.4000 119 04/01/08
451 Xxxxxxxxx XX 00000 2,098,381.24 14,411.26 7.3100 119 04/01/08
454 Xxxxxxxx XX 00000 2,096,994.77 14,041.94 7.0500 142 03/01/10
464 Xxxxxxx XX 00000 2,080,599.32 15,014.60 7.0200 236 01/01/18
466 Xxxxxxxxxxxx XX 00000 2,074,140.20 14,743.00 6.9700 237 02/01/18
471 Xxxxxxxxxxxx XX 00000 2,038,393.46 16,350.34 7.3200 235 12/01/17
473 Xxxxxxxxxx XX 00000 1,997,734.77 14,831.90 7.5400 119 04/01/08
474 Xxxxxxxxxx XX 00000 1,997,261.83 13,616.41 7.2300 118 03/01/08
475 Xxxxxxxxxx XX 00000 1,995,371.55 14,033.68 6.9200 118 03/01/08
479 Xx. Xxxxxxxx XX 00000 1,991,043.78 15,004.30 7.6720 116 01/01/08
480 Xxxxxxxxxxxxx XX 00000 1,991,043.78 15,004.30 7.6720 116 01/01/08
482 Xxxxxx XX 00000 1,969,899.72 15,748.24 7.2500 234 11/01/17
000 Xxxxxx Xxxxxxx XX 00000 1,947,537.00 13,701.51 7.5500 118 03/01/08
494 Xxxxxxxxxxxx XX 00000 1,905,798.57 13,875.41 7.2800 236 01/01/18
000 Xxxxxxx XX 00000 1,898,520.76 12,974.24 7.2600 119 04/01/08
000 Xxxxxx Xxxxxxxx XX 00000 1,897,760.17 13,782.33 7.2900 119 04/01/08
500 Xxxxxx XX 00000 1,893,035.93 14,260.71 8.2400 114 11/01/07
501 Xxxxxxxxxx XX 00000 1,892,853.54 13,891.55 7.6560 116 01/01/08
502 Ft. Xxxxx Xxxxxx XX 00000 1,892,262.33 14,814.38 6.9200 232 09/01/17
504 Xxxxxxx Xxxx XX 00000 1,891,128.86 13,929.79 7.4100 176 12/31/12
512 Xxxxxxx XX 00000 1,840,419.99 14,490.34 7.1000 236 01/01/18
515 Xxx Xxxx XX 00000 1,800,000.00 12,536.60 7.4600 120 05/01/08
000 Xxxxxx XX 00000 1,797,620.30 12,426.02 7.3700 118 03/01/08
518 Xxxxx XX 00000 1,792,241.27 13,785.55 7.9100 116 01/01/08
519 Xxxxxxxx XX 00000 1,790,697.82 14,984.31 7.9360 237 02/01/18
521 Xxxxxxxxx XX 00000 1,765,000.00 12,193.04 6.9000 249 02/01/19
525 Xxxxxx XX 00000 1,745,149.43 12,706.94 7.8900 116 01/01/08
526 Xxxxxxxxx XX 00000 1,744,600.57 12,060.59 7.3530 116 01/01/08
000 Xxxxxxx Xxxx XX 00000 1,742,848.98 12,796.06 7.3800 116 01/01/08
529 Xxxx XX 00000 1,722,787.60 12,049.64 7.4900 238 03/01/18
530 Xxxxxxx XX 00000 1,708,262.64 15,127.09 7.6400 200 01/01/15
531 Xxxxxxxxxx XX 00000 1,705,674.66 11,746.57 7.3200 117 02/01/08
000 Xxxxxxx XX 00000 1,698,200.81 12,171.66 7.7400 118 03/01/08
533 Xxxxxxxxx XX 00000 1,697,966.99 12,233.01 7.2000 119 04/01/08
536 Xxxxxxxxxxx XX 00000 1,697,602.64 11,436.01 7.1100 118 03/01/08
537 Xxxxxxxxx XX 00000 1,697,590.85 11,413.09 7.0900 178 03/01/13
540 Xxxxxxxx XX 00000 1,652,187.67 12,116.49 7.3600 80 01/01/05
542 Xxxxxxxx XX 00000 1,645,107.98 15,493.27 7.7100 179 04/01/13
544 Xxxxxx XX 00000 1,631,475.16 12,252.21 7.4200 234 11/01/17
545 Xxxxxxxx XX 00000 1,605,822.34 11,434.20 6.9700 236 01/01/18
548 Xxxx XX 00000 1,597,884.71 11,045.35 7.3700 118 03/01/08
000 Xxxxxx XX 00000 1,595,195.82 11,176.48 7.4900 116 01/01/08
Remaining ARD
Amortization Additional
Mortgage Term (in Master Additional Interest
Loan the case of Ground Servicing Servicing ARD Rate Accrual Mortgage
Number Balloon loan) Lease Fee(%) Fee (%) Loan (%) Basis Loan Seller CTL
(i) (vii) (viii) (ix) (ix) (x) (x) (xi) (xii) (xiii)
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
425 298 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
427 298 N 0.0900 0.0050 N - 30/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0000 X - Xxx/000 Xxxxxx Brothers
431 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
432 257 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers X
000 X 0.0000 0.0000 X - 00/000 Xxxxxx Xxxxxxxx
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers Y
449 359 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
450 359 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
451 359 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
464 286 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
466 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
471 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
473 299 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
474 358 N 0.1500 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
479 296 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
480 296 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers Y
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
494 296 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
496 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
498 299 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
500 354 N 0.1650 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers Y
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers Y
515 360 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
516 358 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 3.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers Y
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
527 296 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
530 Y 0.1650 0.0050 N - 30/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
532 358 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
533 299 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
536 358 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
540 296 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers Y
545 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
548 358 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
551 356 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
Lease Residual Debt
Mortgage Enhance- Value Service Loan Interest
Loan CTL ment Insurance Coverage to Value Cross Defea- Reserve
Number Guarantor Policy Policy Ratio (x) Ratio Defaulted sance Loan
(i) (xiii) (xiv) (xiv) (xv) (xv) (xvi) (xvii) (xviii)
423 2.05 48.3 No Y Y
425 1.54 70.8 No Y N
427 1.58 72.0 No Y N
428 1.30 73.7 No Y Y
429 1.21 69.6 No Y Y
431 1.25 78.0 No Y Y
432 Walgreen Company Y N 1.01 94.4 No Y N
441 1.10 63.0 No Y N
448 Walgreen Company 1.03 85.7 No Y N
449 1.29 74.9 No N Y
450 1.27 79.2 No Y Y
451 1.54 58.3 No Y Y
454 1.29 78.3 No N Y
464 Rite Aid Corp. Y Y 1.03 97.9 No Y N
466 CVS Corporation 1.03 96.9 No Y N
471 Revco D.S. Inc. 1.03 93.9 No Y N
473 1.41 74.7 No Y Y
474 1.30 76.8 No Y Y
475 1.34 74.5 No Y Y
479 1.53 68.7 No Y N
480 1.70 55.3 No Y N
482 CVS Corporation 1.35 63.6 No Y N
483 1.34 74.9 No Y Y
494 1.21 77.8 No Y Y
496 1.54 65.5 No Y Y
498 1.33 73.0 No Y Y
500 1.42 64.5 No N N
501 1.28 67.6 No Y N
502 JC Penney 1.10 82.6 No Y N
504 1.49 59.1 No Y Y
512 Revco D.S. Inc. 0.95 80.5 No Y N
515 1.37 75.0 No Y Y
516 1.36 71.9 LB-E N Y
518 1.34 74.7 No Y N
519 1.45 74.6 No Y N
521 CVS Corporation 1.08 98.1 No Y N
525 1.40 72.7 No N N
526 1.85 38.8 LB-B Y Y
527 1.26 79.2 No Y Y
529 1.38 74.9 No N Y
530 1.45 74.3 No N N
531 1.34 74.8 No Y Y
532 1.42 60.7 No Y N
533 1.36 60.6 No Y Y
536 1.25 78.6 No Y Y
537 1.36 72.2 No N Y
540 1.33 74.6 No Y Y
542 1.29 65.8 LB-F Y N
544 JC Penney 1.05 98.9 No Y N
545 CVS Corporation 1.09 98.5 No Y N
548 1.65 63.9 LB-E N Y
551 1.38 63.8 No N Y
B-18
First Union-Xxxxxx Brothers-Bank of America Commercial Mortgage Trust 1998-C2
Servicing & Pooling
Xxxxxx Pool
Mortgage
Loan
Number Property Name Address
(i) (ii) (ii)
000 Xxxxxxx Xxxxxxx Xxxxxxxx Xxxxxx X.X. Xxxxxxx 000
554 Friendly Square Shopping Center 00000 Xxxx 00xx Xxxxxx
558 8614 Xxxxxx Way Apts. 0000 Xxxxxx Xxx
000 Xxxx Xxxxxxxxxx Xxxxxxxxx (Xxxxx X.X. Industrial) Various
000 Xxxx Xxxxxxxxx Xxxxxxx Xxxx 0000 Xxxxxxxxx Xxxxxxx
000 Xxxxxxxx Xxxxxxxxxx Xxxx 0000-0000 Xxxxxxxx
564 8586-8588 Xxxxxx Xxxx Xxxxx (Xxxxxx Xxxxx) 0000-0000 Potter Park Drive
566 Villa Fontana Apartments 0000 X.X. 00xx Xxxxx
577 Garage Loft Apartments 000 X.X. 00xx Xxxxxx
578 Rite-Aid Pharmacy (Waynesburg) 0000 Xxxxxxxxxx Xxxxx
581 Rite Aid Pharmacey (Hogansville) 000 Xxxxx Xxxxxxx 29
582 Revco Pharmacy (Oak Ridge) 0000 Xxx Xxxxx Xxxxxxxx
000 Xxxxxxxx Xxxxx Xxxxxx Xxxxxxxx 0000 Xxxxxxxxxx Xxxx
584 Overlook Court 0000-00 Xxxxxxxx Xxxx
589 66 West 00xx Xxxxxx 00 Xxxx 00xx Xxxxxx
594 Xxxx Xxxxx Apartments 6700 Xxxx Boulevard
596 Shoppes of Xxxxxxxx 00000 Xxxx Xxxxxx
597 Normandy Retail Center 957, 969 & 0000 Xxxxxxxx Xxxxx
600 238-268 Xxxx Xxxx 000-000 Xxxx Xxxx
607 Xxxxxx Plaza SWC of Golf Links Road and Xxxxxxxx Road
608 Eckerd Store (Mt. Xxxxx) 000 Xxxxxxxx Xxxxxx
611 Eckerd Store (Florence) W. Palmetto Street/Cashua Drive
612 000 Xxxx Xxxx 000 Xxxx Xxxx
614 Kennestone Corners Business Center 0000 Xxxxxxxxxx Xxxxxx
616 Rite Aid Pharmacy (Williamsport) 00 Xxxx Xxxxx Xxxxxx
617 CVS Pharmacy (Xxxxxxxxx) 000 Xxxx Xxxxxx
000 Xxxxxxxxx Village Apartments 000-000 Xxxxxxxxx Xxxxx and 000-000 Xxxxxxx Xxxxx
000 Xxx Xxxx Xxxxxx Xxxx 0000 Xxxxxxxx Xxxxxx
632 North Post Oak Business Center 0000 Xxxxx Xxxxx Xxx Xxxx
634 Xxxxxxx Court Apartments 6716-6728 Xxxxxxx Court
000 Xxxxxxx Xxxxxx Xxxxxxxx 0000 Xxxxxxxx Xxxxx
000 000xx Xxxxxx Warehouse 0000 X.X. 000xx Xxxxxx
000 Xxxxxxxxxx Xxxx Apartments 000 Xxxxxxxxxx Xxxx
640 Wolfpack Village Apartments 643-733,735&738 Xxxx Xxxxxx X. & 00&00 Xxxxxx Xxx.
644 The In-Line Shop Space (Xxxxxxxx) 000 Xxxxx Xxxx Xxxxxx Xxxx
647 Xxxxxxx Park Apartments One Xxxxxxx Park Xxxx
651 NTB Store Site Xxxxxx Parkway East
652 Pier 1 Imports 0000 Xxxxxxx Xxxxxxxxx
655 Francesca Apartments 000 Xxxx 00xx Xxxxxx
666 Xxxxxx Warehouse and Corporate Offices (Xxxxxx I) 0000 Xxxxx 00xx Xxxx Xxxxxx
672 00000 Xxxxxxx Xxxxxxxxx (Walgreen - Tustin) 00000 Xxxxxxx Xxxxxxxxx
Mortgage Monthly Stated
Loan Cut-Off Date Payment Due Mortgage Remaining Maturity
Number City State Zip Balance (on 1st Due Date) Rate Term Date or ARD
(i) (ii) (ii) (ii) (iii) (iv) (v) (vi) (vi)
000 Xxxxxx XX 00000 1,594,743.67 11,860.17 7.5200 116 01/01/08
554 Xxxxxx XX 00000 1,588,764.57 10,868.18 7.2700 119 04/01/08
558 Xxx Xxxxxxx XX 00000 1,548,751.88 10,406.04 7.0900 119 04/01/08
559 Ft. Xxxxx XX 00000 1,546,386.62 11,333.65 7.3800 118 03/01/08
000 Xxxx Xxxxxxxxx Xxxxxxx XX 00000 1,520,687.32 10,967.47 7.7900 116 01/01/08
000 Xxxxxxx XX 00000 1,515,445.10 10,628.06 7.5000 116 01/01/08
564 Xxxxxxxx XX 00000 1,498,880.08 10,457.42 7.4700 119 04/01/08
000 Xxxxx Xxxxx XX 00000 1,496,067.38 10,090.60 7.1100 117 02/01/08
577 Xxxxxxxx Xxxx XX 00000 1,435,402.50 9,755.07 7.1800 116 01/01/08
000 Xxxxx Xxxxxxxx XX 00000 1,426,496.18 10,852.98 7.2300 211 12/01/15
000 Xxxxxxxxxxx XX 00000 1,413,906.15 11,756.17 7.5400 225 02/01/17
000 Xxx Xxxxx XX 00000 1,413,228.06 10,427.02 7.3400 207 08/01/15
000 Xxxx Xxxxxxxxxx XX 00000 1,398,946.34 9,721.99 7.4300 119 04/01/08
584 Xxxxxxxxxxxx Xxxxxxx XX 00000 1,398,927.25 9,636.08 7.3400 119 04/01/08
589 Xxx Xxxx XX 00000 1,376,574.41 9,583.10 7.4300 117 02/01/08
594 Xxxxxxxxx XX 00000 1,346,566.52 9,395.62 6.8300 118 03/01/08
000 Xxxxxxxx Xxxxx XX 00000 1,326,253.83 9,583.49 7.8100 176 01/01/13
597 Xxxxx Xxxxx XX 00000 1,298,285.64 8,983.21 7.3800 118 03/01/08
000 Xxxxxxxxx XX 00000 1,295,028.76 9,337.94 7.1800 177 02/01/13
607 Xxxxxx XX 00000 1,253,340.82 8,663.70 7.3700 118 03/01/08
608 Xx. Xxxxx XX 00000 1,235,810.25 10,223.72 7.5800 229 06/01/17
611 Xxxxxxxx XX 00000 1,217,660.73 10,094.07 7.4700 224 01/01/17
000 Xxxxxxxxx XX 00000 1,215,334.67 8,763.30 7.1800 177 02/01/13
614 Xxxxxxxx XX 00000 1,197,430.82 8,743.38 7.3400 118 03/01/08
616 Xxxxxxxxxxxx XX 00000 1,192,416.56 9,573.00 7.0600 225 02/01/17
000 Xxxxxxxxx XX 00000 1,162,826.18 9,433.54 7.4200 233 10/01/17
000 Xxxxxxxxxxx XX 00000 1,149,068.46 7,697.37 7.0600 119 04/01/08
000 Xxxxxx XX 00000 1,048,643.01 7,313.02 7.4600 118 03/01/08
000 Xxxxxxx XX 00000 1,047,141.55 6,908.28 6.8900 81 02/01/05
000 Xxxxxxxxx XX 00000 1,012,794.54 6,924.02 7.2400 116 01/01/08
635 Xxxxxx XX 00000 997,934.48 7,409.44 7.5300 118 03/01/08
000 Xxx Xxxxx XX 00000 997,930.56 7,402.93 7.5200 118 03/01/08
637 Xxxxxxx XX 00000 997,476.59 6,991.43 6.8800 118 03/01/08
640 Xxxxxxxx XX 00000 995,293.89 7,299.09 7.3600 296 01/01/23
644 Xxxxxxxx XX 00000 972,608.45 6,817.34 7.5000 117 02/01/08
647 Xxxxxxxx XX 00000 957,508.82 6,496.88 7.1700 177 02/01/13
651 Xxxxxx XX 00000 918,191.46 6,490.53 7.2900 236 01/01/18
652 Xxxxxxxxxx XX 00000 899,313.12 6,206.88 7.3600 119 04/01/08
655 Xxxxxx XX 00000 879,261.42 5,783.91 6.8800 83 04/01/05
666 Xxxxx XX 00000 747,776.36 7,042.39 7.7100 179 04/01/13
000 Xxxxxx XX 00000 494,859.06 4,645.27 7.0600 168 05/01/12
Remaining ARD
Amortization Additional
Mortgage Term (in Master Additional Interest
Loan the case of Ground Servicing Servicing ARD Rate Accrual Mortgage
Number Balloon loan) Lease Fee(%) Fee (%) Loan (%) Basis Loan Seller CTL
(i) (vii) (viii) (ix) (ix) (x) (x) (xi) (xii) (xiii)
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
554 359 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
558 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
559 298 N 0.0900 0.0050 N - 30/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
564 359 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
566 357 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
578 262 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
581 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
582 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
584 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
589 Y 0.0900 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
594 298 N 0.0900 0.0050 N - 30/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 3.0000 Act/360 Xxxxxx Brothers
597 358 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
600 297 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
607 358 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers Y
611 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
612 297 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
614 298 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers Y
617 N 0.0400 0.0050 N - 30/360 Xxxxxx Brothers Y
619 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
631 358 N 0.1400 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
634 356 N 0.1650 0.0050 N - 30/360 Xxxxxx Brothers
635 298 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
636 298 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
637 298 N 0.0900 0.0050 N - 30/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers Y
000 X 0.0000 0.0050 Y 2.0000 Act/360 Xxxxxx Brothers
655 359 N 0.0900 0.0050 N - Act/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers
000 X 0.0000 0.0050 N - 30/360 Xxxxxx Brothers Y
Lease Residual Debt
Mortgage Enhance- Value Service Loan Interest
Loan CTL ment Insurance Coverage to Value Cross Defea- Reserve
Number Guarantor Policy Policy Ratio (x) Ratio Defaulted sance Loan
(i) (xiii) (xiv) (xiv) (xv) (xv) (xvi) (xvii) (xviii)
553 1.34 66.5 No Y Y
554 1.36 69.1 No N Y
558 1.31 70.4 No Y Y
559 1.67 44.2 No Y N
562 1.26 62.1 No Y N
563 1.30 77.7 No Y Y
564 1.29 74.9 No Y Y
566 1.39 74.8 No Y Y
577 1.40 79.7 No Y Y
578 Rite Aid Corp. Y Y 1.03 97.4 No N N
581 Rite Aid Corp. 1.03 87.8 No Y N
582 Revco D.S. Inc. 1.05 88.3 No Y N
583 1.23 79.9 No Y Y
584 1.27 72.5 No Y Y
589 1.33 68.8 No Y Y
594 1.29 77.0 No Y N
596 1.32 74.7 No Y N
597 1.42 72.1 No Y Y
600 1.27 70.0 No Y Y
607 1.31 74.6 LB-E N Y
608 JC Penney 1.33 70.2 No Y N
611 JC Penney 1.05 87.0 No Y N
612 1.34 71.5 Xx X X
000 0.00 00.0 Xx X X
000 Xxxx Aid Corp. 1.46 64.5 No N N
617 CVS Corporation 1.03 89.5 No Y N
619 1.33 76.6 No Y Y
631 1.23 65.1 No Y Y
632 1.42 74.8 No Y Y
634 1.47 79.1 No N N
635 1.28 73.9 No Y Y
636 1.36 73.9 No Y Y
637 1.29 78.2 No Y N
640 1.68 57.7 No Y N
644 1.61 74.8 No N Y
647 1.24 79.8 No Y Y
651 Sears Xxxxxxx & Co. 1.02 91.8 No Y N
652 1.36 74.9 No N Y
655 1.21 79.9 No Y Y
666 1.26 62.3 LB-F Y N
672 Walgreen Company 1.00 66.0 No Y N
B-19
SCHEDULE I
General Mortgage Representations and Warranties
(i) The information pertaining to each Mortgage Loan set forth in
the Mortgage Loan Schedule was true and correct in all material respects as of
the Cut-Off Date;
(ii) If such Mortgage Loan was originated by the Seller or an
affiliate thereof, then, as of the date of its origination, such Mortgage Loan
complied in all material respects with, or was exempt from, all requirements of
federal, state or local law relating to the origination of such Mortgage Loan;
and, if such Mortgage Loan was not originated by the Seller or an affiliate
thereof, then, to the best of the Seller's knowledge after having performed the
type of due diligence customarily performed by prudent institutional commercial
and multifamily mortgage lenders, as of the date of its origination, such
Mortgage Loan complied in all material respects with, or was exempt from, all
requirements of federal, state or local law relating to the origination of such
Mortgage Loan;
(iii) The Seller owns the Mortgage Loan, has good and marketable
title thereto, has full right and authority to sell, assign and transfer the
Mortgage Loan and is transferring the Mortgage Loan free and clear of any and
all liens, pledges, charges or security interests of any nature encumbering such
Mortgage Loan, and no provision of the Mortgage Note, Mortgage or other loan
document relating to such Mortgage Loan prohibits or restricts the Seller's
right to assign or transfer such Mortgage Loan;
(iv) The proceeds of such Mortgage Loan have been fully disbursed
and there is no requirement for future advances thereunder;
(v) Each of the related Mortgage Note, Mortgage(s), Assignment of
Leases, if any, and other agreements executed in connection therewith is the
legal, valid and binding obligation of the maker thereof (subject to any
non-recourse provisions therein and any state anti-deficiency legislation),
enforceable in accordance with its terms, except as such enforcement may be
limited by bankruptcy, insolvency, reorganization 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);
(vi) As of the date of its origination, there was no valid offset,
defense, counterclaim or right to rescission with respect to any of the related
Mortgage Note, Mortgage(s) or other agreements executed in connection therewith,
and, as of the
Cut-off Date, to the best knowledge of the Seller, there is no valid offset,
defense, counterclaim or right to rescission with respect to such Mortgage Note,
Mortgage(s) or other agreements;
(vii) The assignment of the related Mortgage and Assignment of
Leases to the Trustee constitutes the legal, valid, binding and enforceable
assignment of such Mortgage in accordance with its terms, except as such
enforcement may be limited by bankruptcy, insolvency, reorganization 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);
(viii) Except with respect to the Mortgage Loans listed in Exhibit
I-VIII hereto, each related Mortgage is a valid and enforceable first lien on
the related Mortgaged Property, which Mortgaged Property is free and clear of
all encumbrances and liens having priority over or on a parity with the first
lien of such Mortgage, except for (a) liens for real estate taxes and special
assessments not yet due and payable, (b) covenants, conditions and restrictions,
rights of way, easements and other matters of public record as of the date of
recording of such Mortgage, such exceptions appearing of record being
customarily acceptable to mortgage lending institutions generally or
specifically reflected in the appraisal of such Mortgaged Property made in
connection with the origination of such Mortgage Loan, and (c) other matters to
which like properties are commonly subject and which do not, individually or in
the aggregate, materially interfere with the benefits of the security intended
to be provided by such Mortgage or materially affect the value or marketability
of such Mortgaged Property, and such encumbrances do not materially interfere
with the current use or operation of the related Mortgaged Property and, except
with respect to the Mortgage Loans listed in Exhibit I-VIII hereto,] there
exists with respect to such Mortgaged Property an assignment of leases and rents
provision, whether 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 encumbrances described in subsections (a), (b) and (c) of this
subparagraph (viii);
(ix) The Seller has filed and/or recorded in all appropriate public
filing and recording offices all UCC-1 financing statements necessary to create
and perfect a security interest in and lien on the items of personal property
described therein (or, if not filed and/or recorded, has submitted such UCC-1
financing statements for filing and/or recording and such UCC-1 financing
statements are in form and substance acceptable for filing and/or recording), to
the extent perfection may be effected pursuant to applicable law by recording or
filing;
-2-
(x) All taxes and governmental assessments that prior to the Cut-off
Date became due and owing in respect of, and affect, each related Mortgaged
Property have been paid, or an escrow of funds in an amount sufficient to cover
such payments has been established;
(xi) As of the date of its origination, there was no proceeding
pending for the total or partial condemnation of each related Mortgaged Property
that materially affects the value thereof, and such Mortgaged Property was free
of material damage; and, as of the Cut-off Date, the Seller has not received any
notice of the commencement of any proceeding for the total or partial
condemnation of any related Mortgaged Property that materially affects the value
thereof, and such Mortgaged Property is free of material damage;
(xii) Each related Mortgaged Property is covered by an ALTA (or its
equivalent) lender's title insurance policy insuring that each related Mortgage
is a valid first lien on such Mortgaged Property in the original principal
amount of the Mortgage Loan after all advances of principal, or there is a
binding commitment from a title insurer qualified and licensed in the applicable
jurisdiction, as required, to issue such policy; such title insurance policy, if
issued, is in full force and effect, is freely assignable and will inure solely
to the benefit of the Trustee as mortgagee of record, or any such commitment is
a legal, valid and binding obligation of such insurer; no claims have been made
under such title insurance policy, if issued; and to the best knowledge of the
Seller, no prior mortgagee has done, by act or omission, anything which would
materially impair the coverage of any such title insurance policy;
(xiii) As of the date of its origination, all insurance required
under each related Mortgage, which insurance covered such risks as were
customarily acceptable to prudent commercial and multifamily mortgage lending
institutions lending on the security of property comparable to the related
Mortgaged Property in the jurisdiction in which such Mortgaged Property is
located, and with respect to a fire and extended perils insurance policy, was in
an amount (subject to a customary deductible) at least equal to 100% of the full
insurable replacement cost of the improvements located on such Mortgaged
Property (except to the extent not permitted by applicable law and then in such
event in an amount in excess of the initial principal balance of the Mortgage
Loan, together with an "agreed value endorsement"), was in full force and effect
with respect to each related Mortgaged Property; and, as of the Cut-off Date, to
the best knowledge of the Seller, all insurance required under each Mortgage,
which insurance covers such risks and is in such amounts as are customarily
acceptable to prudent commercial and multifamily mortgage lending institutions
lending on the security of property comparable to the related Mortgaged Property
in the jurisdiction in which such Mortgaged Property is located, is in full
force and effect with respect to each related Mortgaged Property; and no
-3-
notice of termination or cancellation with respect to any such insurance policy
has been received by the Seller; except for certain amounts not greater than
amounts which would be considered prudent by an institutional commercial
mortgage lender with respect to a similar mortgage loan and which are set forth
in the related Mortgage, 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 reduction of the outstanding principal
balance of the Mortgage Loan;
(xiv) Other than payments due but not yet 30 days or more
delinquent, there is, to the best of the Seller's knowledge, (A) no material
default, breach, violation or event of acceleration existing under the related
Mortgage Note or each related Mortgage, and no event which, with the passage of
time or with notice and (B) the expiration of any grace or cure period, would
constitute a material default, breach, violation or event of acceleration under
any of such documents; the Seller has not waived any other material default,
breach, violation or event of acceleration under any of such documents; and
under the terms of each Mortgage Loan, each related Mortgage Note, each related
Mortgage and the other loan documents in the related Mortgage File, no person or
party other than the mortgagee may declare an event of default or accelerate the
related indebtedness under such Mortgage Loan, Mortgage Note or Mortgage;
(xv) As of the Cut-off Date, the Mortgage Loan is not, and in the
prior 12 months (or since the date of origination if such Mortgage Loan has been
originated within the past 12 months), has not been, 30 days or more past due in
respect of any Scheduled Payment;
(xvi) Except with respect to the Mortgage Loans listed in Exhibit
I-XVI hereto which accrue interest on the basis of the actual number of days
elapsed over a 360 day year, the Mortgage Loan accrues interest (payable monthly
in arrears) at a fixed rate of interest (except with respect to ARD Loans, with
respect to which the rate at which interest accrues thereon increases after the
Anticipated Repayment Date, except with respect to the Mortgage Loans listed in
Exhibit I-XVI hereto and except in connection with the occurrence of a default
and the accrual of default interest) on the basis of a 360-day year consisting
of twelve 30-day months;
(xvii) Each related Mortgage does not provide for or permit, without
the prior written consent of the holder of the Mortgage Note, each related
Mortgaged Property to secure any other promissory note or obligation, except as
expressly described in such Mortgage and other than another Mortgage Loan in the
Trust Fund;
(xviii) Such Mortgage Loan is or constitutes part of a "qualified
mortgage" within the meaning of Section
-4-
860G(a)(3) of the Code. Accordingly, either as of the date of origination or the
Closing Date, the fair market value of the real property securing the Mortgage
Loan was not less than 80% of the "adjusted issue price" (within the meaning of
the REMIC Provisions) of such Mortgage Loan. For purposes of the preceding
sentence, the fair market value of the real property securing the Mortgage Loan
was first reduced by the amount of any lien on such real property that is senior
to the lien that secures such Mortgage Loan, and was further reduced by a
proportionate amount of any lien that is on a parity with the lien that secures
such Mortgage Loan;
(xix) Prepayment Premiums and Yield Maintenance Charges payable with
respect to the Mortgage Loan, if any, constitute "customary prepayment
penalties" within the meaning of Treasury Regulation Section 1.860G-1(b)(2);
(xx) One or more environmental site assessments were performed by an
environmental consulting firm independent of the Seller and the Seller's
affiliates with respect to each related Mortgaged Property during the 18-month
period preceding the Cut-off Date, and the Seller, having made no independent
inquiry other than to review the report(s) prepared in connection with the
assessment(s) referenced herein, has no knowledge of any material and adverse
environmental condition or circumstance affecting such Mortgaged Property that
was not disclosed in such report(s);
(xxi) The related Mortgage Note, Mortgage(s) and Assignment(s) of
Leases, if any, contain customary and enforceable provisions such as to render
the rights and remedies of the holder thereof adequate for the realization
against the related Mortgaged Property or Properties of the benefits of the
security, including realization by judicial or, if applicable, non-judicial
foreclosure, subject to applicable reorganization, insolvency, moratorium and
other similar laws affecting creditors' rights generally as from time to time,
in effect, and to general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law);
(xxii) To the best of the Seller's knowledge, after due inquiry, the
related Mortgagor is not a debtor in any bankruptcy, reorganization, insolvency
or comparable proceeding;
(xxiii) Such Mortgage Loan is secured by either a mortgage on a fee
simple interest or a leasehold estate in a commercial property or multifamily
property, including the related Mortgagor's interest in the improvements on the
related Mortgaged Property;
(xxiv) Unless such Mortgage Loan is an ARD Loan, such Mortgage Loan
does not provide for negative amortization;
-5-
(xxv) Such Mortgage Loan is a whole loan, contains no equity
participation by the lender or shared appreciation feature and does not provide
for any contingent or additional interest in the form of participation in the
cash flow of the related Mortgaged Property;
(xxvi) The related Mortgage contains provisions for the acceleration
of the payment of the unpaid principal balance of such Mortgage Loan if, without
the prior written consent of the mortgagee, any related Mortgaged Property or
interest therein, is directly or indirectly encumbered in connection with
subordinate financing; provided, however, the Mortgage Loans listed in Exhibit
I-XXVI hereto, are encumbered by subordinated debt;
(xxvii) Except with respect to (W) transfers of certain
non-controlling interests in the Mortgagors as specified in the related
Mortgage, (X) the Mortgage Loans listed in Exhibit I-XXVII hereto, which permit
one or more transfers of the related Mortgaged Property to a person that
satisfies certain criteria (including criteria related to bankruptcy remoteness
and property management experience) specified in the related Mortgage, (Y) the
Mortgage Loans listed in Exhibit I-XXVII hereto, which permit a one-time
transfer of the Mortgaged Property, subject to payment of an assumption fee and
certain other conditions, and (Z) the Mortgage Loans listed in Exhibit I-XXVII
hereto, which permit two or more separate transfers of the related Mortgaged
Property, subject to payment of an assumption fee and certain other conditions,
the related Mortgage contains either (A) provisions for the acceleration of the
payment of the unpaid principal balance of such Mortgage Loan if any related
Mortgaged Property or interest therein is directly or indirectly transferred or
sold without the prior written consent of the mortgagee, or (B) provisions for
the acceleration of the payment of the unpaid principal balance of such Mortgage
Loan if any related Mortgaged Property or interest therein is directly or
indirectly transferred or sold without the related Mortgagor having satisfied
certain conditions specified in the related Mortgage with respect to permitted
transfers;
(xxviii) The Mortgage Loan, together with any other Mortgage Loan
made to the same Mortgagor or to an affiliate of such Mortgagor, does not
represent more than 5% of the aggregate Initial Pool Balance;
(xxix) Except as set forth in the related Mortgage File, the terms
of the related Mortgage Note and Mortgage(s) have not been waived, modified,
altered, satisfied, impaired, canceled, subordinated or rescinded in any manner
which materially interferes with the security intended to be provided by such
Mortgage;
-6-
(xxx) Each related Mortgaged Property was inspected by or on behalf
of the related originator during the 12 month period prior to the related
origination date;
(xxxi) Except for the Mortgage Loans listed in Exhibit I-XXXI
hereto, the terms of the related Mortgage Note or Mortgage do not provide for
the release of any material portion of the related Mortgaged Property from the
lien of such Mortgage without payment in full of the Mortgage Loan;
(xxxii) The related Mortgagor has covenanted in the Mortgage Loan
documents to maintain the related Mortgaged Property in compliance with all
applicable laws, zoning ordinances, rules, covenants and restrictions affecting
the construction, occupancy, use and operation of such Mortgaged Property, and
the related originator performed the type of due diligence in connection with
the origination of such Mortgage Loan customarily performed by prudent
institutional commercial and multifamily mortgage lenders with respect to the
foregoing matters; the Seller has received no notice of any material violation
of any applicable laws, zoning ordinances, rules, covenants or restrictions
affecting the construction, occupancy, use or operation of such Mortgaged
Property; to the Seller's knowledge (based on surveys and/or title insurance
obtained in connection with the origination of such Mortgage Loan), as of the
date of such origination, no improvement that was included for the purpose of
determining the appraised value of the related Mortgaged Property at the time of
origination of such Mortgage Loan lay outside the boundaries and building
restriction lines of such property to an extent which would have a material
adverse affect on the related Mortgagor's use and operation of such Mortgaged
Property (unless affirmatively covered by the title insurance referred to in
paragraph (xii) above), and no improvements on adjoining properties encroached
upon such Mortgaged Property to any material extent;
(xxxiii) Except with respect to Credit Lease Loans, the related
Mortgagor has covenanted in the Mortgage Loan documents to deliver each year to
the mortgagee an operating statement of each related Mortgaged Property covering
the twelve-month period identified therein;
(xxxiv) With respect to at least 95% of the Mortgage Loans (by
balance) having a Cut-off Date Balance in excess of 1% of the Initial Pool
Balance, the related Mortgagor has covenanted in its organizational documents
and/or the Mortgage Loan documents to own no significant asset other than the
related Mortgaged Property or Mortgaged Properties, as applicable, and assets
incidental to its ownership and operation of such Mortgaged Property;
(xxxv) No advance of funds has been made, directly or indirectly, by
the Seller to the Mortgagor other than pursuant to the Mortgage Note and no
funds have been received
-7-
from any person other than such Mortgagor for or on account of payments due on
the Mortgage Note;
(xxxvi) To the Seller's actual knowledge, there are no pending
actions, suits or proceedings by or before any court or governmental authority
against or affecting the related Mortgagor or the related Mortgaged Property
that, if determined adversely to such Mortgagor or Mortgaged Property, would
materially and adversely affect the value of the Mortgaged Property or the
ability of the Mortgagor to pay principal, interest or any other amounts due
under such Mortgage Loan;
(xxxvii) Such Mortgage Loan complied with all applicable usury laws
in effect at its date of origination;
(xxxviii) To the extent required under applicable law as of the
Closing Date, the originator of such Mortgage Loan was authorized to do business
in the jurisdiction in which the related Mortgaged Property is located at all
times when it held the Mortgage Loan to the extent necessary to ensure the
enforceability of such Mortgage Loan;
(xxxix) If the related Mortgage is a deed of trust, a trustee, duly
qualified under applicable law to serve as such, is properly designated and
serving under such Mortgage;
(xl) The related Mortgage Note is not secured by any collateral that
secures a mortgage loan that is not in the Trust Fund (except with respect to
the Mortgage Loans listed in Exhibit I-XL hereto), and each Mortgage Loan that
is cross-collateralized is cross-collateralized only with other Mortgage Loans
sold pursuant to this Agreement;
(xli) The related Mortgaged Property either is not located in a
flood hazard area as defined by the Federal Insurance Administration or is
covered by flood hazard insurance;
(xlii) Except with respect to the Mortgage Loans listed on Exhibit
I-XLII hereto, one or more engineering assessments were performed by an
engineering consulting firm independent of the Seller and the Seller's
affiliates with respect to each related Mortgaged Property during the 18-month
period preceding the Cut-off Date, and the Seller, having made no independent
inquiry other than to review the report(s) prepared in connection with the
assessment(s) referenced herein, has no knowledge of any material and adverse
engineering condition or circumstance affecting such Mortgaged Property that was
not disclosed in such report(s);
(xliii) All escrow deposits and payments relating to the Mortgage
Loan are under control of the Seller or the servicer of such Mortgage Loan and
all amounts required as of the date hereof under the Mortgage Loan Documents to
be deposited by the related Mortgagor have been deposited;
-8-
(xliv) The related Mortgagor has represented to the Seller that as
of the date of origination of the Mortgage Loan, such Mortgagor, the related
lessee, franchisor or operator was in possession of all licenses, permits and
authorizations then required for use of the related Mortgaged Property, which
were valid and in full force and effect; and
(xlv) The origination, servicing and collection practices used by
the Seller or any prior holder of the Mortgage Note have been in all respects
legal and have met customary industry standards.
(xlvi) Except as set forth in Schedule II, the Mortgage Loan is
secured in whole or in part by a fee simple interest.
-9-
SCHEDULE II
Ground Lease Representations and Warranties
(i) With respect to any Mortgage Loan that is secured in whole or in
material part by the interest of a Mortgagor as a lessee under a Ground Lease
but not by the related fee interest:
(A) Such Ground Lease or a memorandum thereof has been or will be duly
recorded (other than the Ground Lease related to the Mortgage Loan listed
in Exhibit II-A hereto) and such Ground Lease permits the interest of the
lessee thereunder to be encumbered by the related Mortgage or, if consent
of the lessor thereunder is required, it has been obtained prior to the
Closing Date;
(B) Upon the foreclosure of the Mortgage Loan (or acceptance of a deed in
lieu thereof), the Mortgagor's interest in such Ground Lease is assignable
to the Trustee without the consent of the lessor thereunder (or, if any
such consent is required, it has been obtained prior to the Closing Date)
and, in the event that it is so assigned, is further assignable by the
Trustee and its successors without a need to obtain the consent of such
lessor; provided, that the lessor's consent to a subsequent sale is
required under the Ground Lease related to the Mortgage Loans listed in
Exhibit II-B hereto;
(C) Such Ground Lease may not be amended, modified, canceled or terminated
without the prior written consent of the Mortgagee thereunder and that any
such action without such consent is not binding on such Mortgagee, its
successors or assigns;
(D) Unless otherwise set forth in the Ground Lease, the Ground Lease does
not permit any increase in the amount of rent payable by the ground lessee
thereunder during the term of the Mortgage Loan;
(E) Such Ground Lease was in full force and effect as of the date of
origination of the related Mortgage Loan, and to the actual knowledge of
the Seller, at the Closing Date, such Ground Lease is in full force and
effect and other than payments due but not yet 30 days or more delinquent,
(1) there is no material default, and (2) there is no event which, with
the passage of time or with notice and the expiration of any grace or cure
period, would constitute a material default under such Ground Lease;
(F) Such Ground Lease or an estoppel or consent letter received by the
Mortgagee from the lessor, requires the lessor thereunder to give notice
of any default by the lessee to the Mortgagee; and such Ground Lease, or
an
-10-
estoppel or consent letter received by the Mortgagee from the lessor,
further provides either (1) that no notice of termination given under such
Ground Lease is effective against the Mortgagee unless a copy has been
delivered to the Mortgagee in the manner described in such Ground Lease,
estoppel or consent letter or (2) that upon any termination of the Ground
Lease the lessor will enter into a new lease with the mortgagee;
(G) The ground lessee's interest in the Ground Lease is not subject to any
liens or encumbrances superior to, or of equal priority with, the related
Mortgage, other than the related ground lessor's related fee interest and
any exceptions stated in the related title insurance policy or opinion of
title, which exceptions do not and will not materially and adversely
interfere with (1) the ability of the related Mortgagor timely to pay in
full the principal and interest on the related Mortgage Note, (2) the use
of such Mortgaged Property for the use currently being made thereof, or
(3) the value of the Mortgaged Property;
(H) A Mortgagee is permitted a reasonable opportunity to cure any curable
default under such Ground Lease before the lessor thereunder may terminate
such Ground Lease;
(I) Such Ground Lease has an original term (together with any extension
options, whether or not currently exercised, set forth therein) that
extends not less than 10 years beyond the Stated Maturity Date of the
related Mortgage Loan;
(J) Except with respect to the Ground Lease related to each of the
Mortgage Loans listed in Exhibit II-J hereto, under the terms of such
Ground Lease, any estoppel or consent letter received by the Mortgagee
from the lessor, and the related Mortgage, taken together, any related
insurance proceeds or condemnation proceeds will be applied either to the
repair or restoration of all or part of the related Mortgaged Property,
with the Mortgagee or a trustee appointed by it having the right to hold
and disburse such proceeds as the repair or restoration progresses, or to
the payment of the outstanding principal balance of the Mortgage Loan
together with any accrued interest thereon;
(K) Such Ground Lease does not impose any restrictions on subletting which
would be viewed as commercially unreasonable by a prudent commercial
mortgage lender;
(L) Except with respect to Mortgage Loans listed on Exhibit II-L hereto,
the ground lessor under such Ground Lease is required to enter into a new
lease upon termination of the Ground Lease for any reason, including the
rejection of the Ground Lease in bankruptcy, and for any reason, upon the
request of the lender; and
-11-
(M) The terms of the related Ground Lease have not been waived, modified,
altered, satisfied, impaired, canceled, subordinated or rescinded in any
manner which materially interferes with the security intended to be
provided by such Mortgage.
(ii) With respect to Mortgage Loans secured in whole or
in part by the interest of the related mortgagor under a Ground Lease and by the
related fee interest, such fee interest is subject, and subordinated of record,
to the related Mortgage, and such Mortgage does not by its terms provide that it
will be subordinated to the lien of any other mortgage or other lien upon such
fee interest.
-12-
SCHEDULE III
Health Care Facility Representations and Warranties
With respect to any Mortgage Loan that is secured in whole or in
part by a Mortgage Property which is operated as a residential health care
facility (a "Facility");
(A) All governmental licenses, permits, regulatory agreements or other
approvals or agreements necessary for the use and operation of each
Facility as intended are held by the related Mortgagor or the operator of
the Facility, and are in full force and effect, including, without
limitation, a valid certificate of need ("CON") or similar certificate,
license, or approval issued by the applicable department of health for the
requisite number of beds, and approved provider status in any approved
provider payment program (collectively, the "Licenses").
(B) The Licenses (1) may not be, and have not been, transferred to any
location other than the Facility; (2) have not been pledged as collateral
security for any other loan or indebtedness; and (3) are held free from
restrictions or known conflicts which would materially impair the use or
operation of the Facility as intended, and are not provisional,
probationary or restricted in any way.
(C) As of the Cut-off Date and to Seller's knowledge, without inquiry, (1)
as of the Cut-off Date, the Facility has not received a "Level A" (or
equivalent) violation which has not been cured to the satisfaction of the
applicable governmental agency, and (2) no statement of charges or
deficiencies has been made or penalty enforcement action has been
undertaken against the Facility, its operator or the Mortgagor or against
any officer, director or stockholder of such operator or the Mortgagor by
any governmental agency during the last three calendar years, and there
have been no violations over the past three years which have threatened
the Facility's, the operator's or the Mortgagor's certification for
participation in Medicare or Medicaid or the other third-party payors'
programs.
-13-
SCHEDULE IV
Credit Lease Loan Representations and Warranties
With respect to any Mortgage Loan that is a Credit Lease Loan;
(A) Except with respect to the Mortgage Loans listed in Exhibit IV-A
hereto, the lease payments due under the related Credit Lease, together
with any escrow payments held by the Seller or its designee, are equal to
or greater than the payments due with respect to the related Mortgage
Loan;
(B) Except with respect to Credit Lease Loans as indicated in Exhibit IV-B
hereto, the Mortgagor does not have monetary obligations under the related
Credit Lease, and every monetary obligation associated with managing,
owning, developing and operating the leased property, including, but not
limited to, the costs associated with utilities, taxes, insurance,
maintenance and repairs is an obligation of the related Tenant;
(C) Except with respect to Credit Lease Loans listed in Exhibit IV-C
hereto, the Mortgagor does not have any nonmonetary obligations under the
related Credit Lease, except for the delivery of possession of the leased
property;
(D) Except with respect to the Credit Lease Loans listed in Exhibit IV-D
hereto, the Mortgagor has not made any representation or warranty in the
related Credit Lease, a breach of which would result in the termination
of, or an offset or abatement with respect to, such Credit Lease;
(E) Except with respect to the Credit Lease Loans listed in Exhibit IV-E
hereto, the related Tenant cannot terminate such Credit Lease for any
reason prior to the payment in full of: (a) the principal balance of the
related Mortgage Loan; (b) all accrued and unpaid interest on such
Mortgage Loan; and (c) any other sums due and payable under such Mortgage
Loan, as of the termination date, which date is a rent payment date,
except for a default by the related Mortgagor under the Credit Lease or
due to a casualty or condemnation event, in which case, a Lease
Enhancement Policy insures against such risk;
(F) In the event the related Tenant assigns or sublets the related leased
property, such Tenant (and if applicable, the related guarantor) remains
obligated under the related Credit Lease;
(G) Except with respect to the Credit Lease Loans listed in Exhibit IV-G
hereto, each property related to a Credit Lease Loan is a separate tax
lot;
-14-
(H) Except with respect to the Credit Lease Loans listed in Exhibit IV-H
hereto, the related Tenant has agreed to indemnify the Mortgagor from any
claims of any nature other than the acts or omissions of the related
Mortgagor, (a) to which the Mortgagor is subject because of such
Mortgagor's estate in the leased property, or (b) arising from (i) injury
to or death of any person or damage to or loss of property on the leased
property or connected with the use, condition or occupancy of the leased
property, (ii) Tenant's violation of the related Credit Lease, or (iii)
any act or omission of the Tenant;
(I) Except with respect to the Mortgage Loans listed in Exhibit IV-I
hereto, related Tenant has agreed to indemnify the Mortgagor from any
claims of any nature arising as a result of any hazardous material
affecting the leased property and due to such Tenant's use of the leased
property;
(J) Except with respect to the Mortgage Loans listed in Exhibit IV-J
hereto, in connection with Credit Lease Loans with respect to which a
Guaranty exists, the related guarantor guarantees the payment due under
the related Credit Lease and such Guaranty, on its face, contains no
conditions to such payment;
(K) With respect to Credit Lease Loans that have the benefit of residual
value insurance policies and lease enhancement policies, each such policy
has been obtained, and with respect to the Credit Leases other than
bond-type leases, the required premiums have been paid; and
(L) The list of lease guarantors, if any, attached as Exhibit IV-L hereto,
is accurate in all material respects.
-15-
Schedule V
Gentlemen:
I have acted as counsel to [SELLER]. First Union Commercial Mortgage
Securities, Inc. will acquire certain mortgage loans from [seller] pursuant to
the Mortgage Loan Purchase Agreement, dated as of [ ] (the "Mortgage Loan
Purchase Agreement"). Capitalized terms used but not defined herein shall have
the meanings set forth in the Mortgage Loan Purchase Agreement.
You have asked for my opinion regarding the due authorization of
[Seller] to enter into the Mortgage Loan Purchase Agreement.
As to matters of fact material to this opinion, I have relied,
without independent investigation on (i) the representations and warranties of
[SELLER] in the Mortgage Loan Purchase Agreement, (ii) relevant resolutions of
the Board of Directors of [SELLER], (iii) certificates of responsible officers
of [SELLER] and (iv) certificates of public officials.
In this connection, I have examined or have caused to be examined on
my behalf, a copy of the Mortgage Loan Purchase Agreement and such other
documents and instruments which I have deemed necessary or appropriate in
connection with this opinion.
I have relied on originals or copies, certified or otherwise
identified to my satisfaction, of the certificate of incorporation and by-laws
of [SELLER], records of proceedings taken by [SELLER], and such other corporate
documents and records of [SELLER], and have made such other investigations as I
have deemed relevant or necessary for the purpose of this opinion. I have
assumed, without independent investigation, the genuineness of all signatures
(other than those of officers of [SELLER]), the authenticity of all documents
submitted to me as originals and the conformity to original documents of all
documents submitted to me as certified, conformed or reproduction copies.
On the basis of and subject to the foregoing, it is my opinion that:
(1) [SELLER] is a [corporation] duly incorporated, validly existing
and in good standing under the laws of the State of Delaware, with the corporate
power and authority to transact the business contemplated by the Mortgage Loan
Purchase Agreement, and it has the requisite corporate power and authority to.
execute and deliver the Mortgage Loan Purchase Agreement and to perform and
observe the terms and conditions thereof.
-16-
(2) The Mortgage Loan Purchase Agreement has been duly authorized,
executed and delivered by [SELLER].
(3) The execution, delivery and performance by [SELLER] of the
Mortgage Loan Purchase Agreement will not conflict with, result in a breach of,
or constitute a default under any material term of [SELLER]'s certificate of
incorporation or bylaws, any term or provision of any material contract,
agreement or other instrument known to me to which [SELLER] is a party or by
which it is bound, or, to the best of my knowledge without independent
investigation, any order, judgment, writ, injunction or decree known to me of
any court or governmental authority having jurisdiction over [SELLER].
(4) The Mortgage Loan Purchase Agreement constitutes, assuming due
authorization, execution and delivery by the other party thereto, the valid and
binding obligation of [SELLER] enforceable against [SELLER] in accordance with
its terms, except as such enforcement may be limited by (a) bankruptcy,
insolvency, reorganization, moratorium or other laws affecting the enforcement
of creditors' rights generally, (b) general equity principles (regardless of
whether such enforcement is considered in a proceeding in equity or at law) and
(c) limitations of public policy under applicable securities laws as to rights
of indemnity thereunder.
In furnishing the foregoing opinions, I express no opinion other
than as to the general corporation law of the State of Delaware, the law of the
State of New York and the federal law of the United States of America.
This opinion is being delivered to you for your sole use in
connection with the above-referenced transactions and may not be used or relied
upon by any other person, firm or entity in any other context for any other
purpose. This opinion may not be quoted in whole or in part, nor may copies be
furnished or delivered to any other person without the consent of [SELLER]
except that you may furnish copies to (i) your independent auditors and
attorneys, (ii) any United States, state or local authority having jurisdiction
over you, (iii) pursuant to the order of any legal process of any court of
competent jurisdiction or governmental agency, and (iv) in connection with any
legal action arising in connection with the above-referenced transactions.
Very truly yours,
-17-
EXHIBIT B
Exception to Section 2(c)
None
EXHIBIT I-VIII
Exception to Schedule I Clause (viii)
None
EXHIBIT I-XVI
================================================================================
XXXXXX BROTHERS Page 1 of 8
Conduit ** FINAL BLACK ** Report:
Records: 225 WED, MAY 27, 1998 4:05 PM
Balance: 1,412,061,347.98 Prepared by: CTHOMAS
Selection: Actual/360; Xxxxxx Bros. Pool S:\XXXXXX\CONDMAY\COND0520
================================================================================
Exception Rep XVI (actual/360)
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
2 Broadmoor Austin 154,000,000.00
0 Xxx Xxxxxx Xxxx 85,527,649.00
4 Hawthorn Center 77,863,877.00
9 Xxxxxxxxx Portfolio (Roll-Up) 23,892,525.17
10 Ohio Edison Office Building 22,468,036.24
12 Holiday Inn Downtown 21,840,552.21
00 Xx. Xxxxxxx Xxxxx 20,942,733.05
00 Xxxxxxx Xxxxx Xxxxxxx Xxxxxxxx Xxxxxx 17,952,727.94
19 0000 Xxxxx Xxxxxx (Royale Retail Condomi 17,344,007.86
20 Xxxxxxxxxx Highlands 16,847,577.42
22 Xxxxxxxxx Portfolio (Loan Level) 16,277,350.35
00 Xxxxxxxxx Xxxxx Apartments 14,522,217.09
00 Xxxxxxx Xxxx 14,488,711.07
00 Xxxxxxxxxx Xxxx 14,288,507.76
30 Days Inn & Suites Historic Savannah 13,770,454.32
00 Xxxxx Xxxx 13,738,706.98
00 Xxxxxx Xxxx Xxxxxx 13,269,824.24
42 GTE Stemmons Crossing 12,400,000.00
43 Highland Pinetree Apartments 12,389,735.13
00 Xxxxxxxx Xxxxxxxx Xxxx (Roll-up) 12,218,749.98
45 Wyndham Garden Hotel 12,204,210.32
46 Xxxxx Bend Center 12,168,124.07
00 Xxxx Xxxx Xxxx Xxxxx 11,863,983.65
00 Xxxxxxxxxx Xxxxxxxx Xxxxxxxx Xxxxxx 11,569,846.73
51 Rivercrest Village Apartments 11,564,174.06
54 Market at Wolfcreek 10,947,916.37
59 Concorde Centre II Office Building 10,500,000.00
63 Maplewood Center 9,745,742.13
66 Inverrary 441 Apartments 9,586,461.99
================================================================================
================================================================================
XXXXXX BROTHERS Page 2 of 8
Conduit ** FINAL BLACK ** Report:
Records: 225 WED, MAY 27, 1998 4:05 PM
Balance: 1,412,061,347.98 Prepared by: CTHOMAS
Selection: Actual/360; Xxxxxx Bros. Pool S:\XXXXXX\CONDMAY\COND0520
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
70 Hampton Inn Pensacola Beach 9,250,000.00
00 Xxxxx Xxxxxx Xxxxxxx Xxxxxxxx Xxxxxx 9,205,383.81
74 International Club Apartments 9,186,994.22
75 Village Green Apartments 9,177,123.74
00 Xxxxxxxxxxx Xxxxxxxx Apartments 8,776,084.48
00 Xxxxxxx Xxxxx Xxxxxx Xxxxxxxxxx Resort 8,281,860.32
00 Xxxxx Xxxx Xxxxx 8,093,897.78
87 0000 Xxxxxx Xxxxxx 7,794,129.65
89 Hampton Inn (Louisville) 7,771,500.87
92 Xxxxx Xxxxxx Mall, Phase I 7,743,942.22
97 Classic Portfolio (Roll-up) 7,201,769.35
98 Oak Hills Medical Plaza 7,181,443.42
100 Kensington Club Apartments 7,131,286.58
102 West Georgia Commons 7,094,294.06
103 Colleyville Court 7,081,449.20
104 Tlaquepaque Arts & Crafts Village 7,055,984.78
106 Glen Harbor Plaza 6,990,558.40
107 Hulen Fashion Center 6,968,150.86
110 City Place 6,892,159.81
111 Sunscape West Apartments 6,839,980.49
114 Le Med Apartments 6,744,467.08
116 Westminster Plaza 6,690,963.03
119 City Center Building 6,656,983.36
120 Dublin Mall 6,594,695.89
123 Highgate Apartments 6,583,249.29
124 Playa Blanca Apartments 6,582,428.06
131 Pelham at Hyland Business Center 6,402,356.16
136 Officemax and Best Buy 6,320,000.00
137 Two Executive Boulevard 6,295,095.15
================================================================================
================================================================================
LEHMAN BROTHERS Page 3 of 8
Conduit ** FINAL BLACK ** Report:
Records: 225 WED, MAY 27, 1998 4:05 PM
Balance: 1,412,061,347.98 Prepared by: CTHOMAS
Selection: Actual/360; Lehman Bros. Pool S:\SCHANG\CONDMAY\COND0520
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
143 Linden Court Apartments 6,190,931.25
144 Serra Commons Apartments 6,177,199.24
148 Holiday Inn City Center 6,073,664.24
149 53, 53-West, and 102 Commerce Center 5,993,027.80
151 Emerald Apartments 5,984,430.12
152 MacArthur Plaza I & II 5,983,970.74
154 Evergreen Plaza 5,982,208.81
155 21 DuPont Circle 5,795,439.34
156 1-3 Parklands Drive (Parkland Office Par 5,792,389.77
157 Payne Ranch Centre 5,785,128.07
161 Wickes Shopping Center 5,707,136.81
162 Ashby Square West Shopping Center 5,685,607.37
164 Commerce Park of Palm Beach County 5,585,217.47
172 73 Spring Street Limited Partnership 5,382,520.27
174 Club at Woodland Pond 5,355,892.91
178 Whole Foods Market 5,331,911.30
179 One Sentry Parkway 5,292,378.31
187 Budgetel Inn 4,994,436.22
188 Hillside Village Center 4,993,729.36
191 Thrifty's (Roll-Up) 4,936,933.47
193 Tiffany Corner Shopping Center 4,904,313.30
194 Timbers of Pine Hollow Apartments 4,896,093.16
200 Southpoint Shopping Center 4,735,219.11
201 Provincial Towers Apartments 4,662,868.47
202 Royal Palms Mobile Home/RV Park 4,600,000.00
204 Park Plaza - Salem 4,588,483.58
208 Village Faire Shoppes 4,489,166.80
209 South Trust Building 4,488,810.52
210 South Ridge Apartments 4,485,830.01
================================================================================
================================================================================
LEHMAN BROTHERS Page 4 of 8
Conduit ** FINAL BLACK ** Report:
Records: 225 WED, MAY 27, 1998 4:05 PM
Balance: 1,412,061,347.98 Prepared by: CTHOMAS
Selection: Actual/360; Lehman Bros. Pool S:\SCHANG\CONDMAY\COND0520
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
214 Minges Creek Plaza 4,445,732.34
215 TransFlorida Bank Plaza 4,393,961.09
216 Chesapeake Square 4,393,749.31
220 J.P. Morgan Building 4,196,597.85
224 Kingston Apartments 4,180,514.34
225 Glengary Shopping Center 4,174,404.10
226 1696 and 1700 to 1712 Newport Boulevard 4,164,473.16
231 Karl Plaza Shopping Center 4,114,484.43
232 Villa Serrano 4,111,868.60
233 Kendale Plaza Shopping Center 4,094,344.90
235 Best Buy (Little Rock) 4,092,586.34
241 Oakwood Apartments 3,990,036.80
245 Fashion Village and East Colonial Shoppi 3,932,520.25
252 Merrill Crossing Shopping Ctr. 3,790,289.55
257 Versailles of Rockford 3,750,108.50
258 Lynnwood Manor Health Care Center 3,746,037.63
259 Tri-County Square 3,688,584.07
260 Bethesda Court Hotel 3,636,395.34
262 Roswell Mill Office Buildings 3,614,244.75
263 Highland Tech Center 3,597,169.25
264 Stor-All Properties 3,594,923.24
265 Parole Office Park 3,594,810.39
268 Courtyards Apartments 3,591,078.89
269 Miami Gardens Plaza 3,591,048.41
271 Webtron Building 3,547,375.75
273 Santa Fe Square 3,496,073.89
276 Best Buy (Sioux Falls) 3,475,000.00
277 Parkway Nursing Home 3,446,354.62
279 Terrace View Apartments 3,431,073.27
================================================================================
================================================================================
LEHMAN BROTHERS Page 5 of 8
Conduit ** FINAL BLACK ** Report:
Records: 225 WED, MAY 27, 1998 4:05 PM
Balance: 1,412,061,347.98 Prepared by: CTHOMAS
Selection: Actual/360; Lehman Bros. Pool S:\SCHANG\CONDMAY\COND0520
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
284 Fidelity Federal Bank Building 3,392,923.73
285 White Mountain Village 3,390,568.02
287 Shepherdsville Square 3,389,509.68
289 100 Broadway 3,380,435.75
293 Green Center (MCG) 3,343,708.47
296 Everett I-5 Mini-Storage 3,295,515.58
298 Marketplace Shopping Center (Williamsbur 3,291,905.50
302 Sussex Downs Apartments 3,266,130.06
306 Manchester Square 3,239,972.50
310 Swall Towers East 3,197,448.60
312 Hillside Village Plaza 3,191,710.26
314 Kaiser Permanente Health Center 3,184,959.64
316 Swall Towers West 3,147,488.47
319 Salt Lake Medical Plaza Office Building 3,134,338.76
322 Carriage Hills Apartments 3,113,343.36
323 Village on the Pike Shopping Center 3,097,528.33
326 General Cinema 3,090,238.46
328 Valencia Gardens Apartments 3,071,470.37
331 Woodmere Apartments 3,032,111.26
334 Rain Forest Apartments 2,997,655.06
335 Nexstar Pharmaceuticals Building 2,997,612.80
341 Timberfalls Apartments 2,955,617.80
344 University Village Shopping Center 2,936,468.90
347 Greenbrier Valley Mall 2,891,052.37
352 Maple Plaza Shopping Center 2,792,929.95
355 West Court Office Building 2,745,987.29
357 Paradise Shopping Plaza 2,697,988.17
358 Century Analysis, Inc., Building 2,696,563.47
361 Dolly Creek Shopping Center 2,672,871.41
================================================================================
================================================================================
LEHMAN BROTHERS Page 6 of 8
Conduit ** FINAL BLACK ** Report:
Records: 225 WED, MAY 27, 1998 4:05 PM
Balance: 1,412,061,347.98 Prepared by: CTHOMAS
Selection: Actual/360; Lehman Bros. Pool S:\SCHANG\CONDMAY\COND0520
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
363 Raintree Apartments 2,652,844.86
367 Park East Apartments 2,596,160.04
368 Shadow Trail Apartments 2,593,160.14
369 Inn at Saratoga 2,588,127.92
371 Marketplace at Ken Caryl 2,547,125.71
378 K-Mart Plaza Shopping Center (Galveston) 2,494,392.42
379 303 Winding Road 2,491,811.51
383 Hillside Apartments 2,472,995.16
384 Walgreen Store (Wolfcreek) 2,467,814.73
388 Miramar/Chapparone Auto Center 2,448,027.16
390 Jefferson Centre 2,446,687.19
393 Central Park Professional Center 2,396,615.50
406 1803 Park Center Drive 2,322,167.35
414 Wanamassa Gardens Apartments 2,254,135.36
416 River Oaks Apartments 2,246,834.81
418 Timm Office Building 2,222,028.77
420 Hillcroft Plaza Shopping Center 2,205,232.78
422 Olde Towne Shopping Center 2,197,192.71
423 5 Walk-Up Residential Buildings (Formerl 2,197,106.08
425 Days Inn (Winter Park) 2,195,718.51
428 Sneaker Stadium 2,193,031.27
429 Andora Apartments 2,192,153.17
431 3610 Birch Street (Apollo Office Buildin 2,183,388.13
449 Stoughton Plaza 2,098,425.83
450 PetsMart Inc. 2,098,410.02
451 Cobblestone Village Shopping Center 2,098,381.24
454 3848-3870 East Foothill Boulevard (East 2,096,994.77
473 Auto/Retail Facility (Lauderhill) 1,997,734.77
474 Campostella Corners Shopping Center 1,997,261.83
================================================================================
================================================================================
LEHMAN BROTHERS Page 7 of 8
Conduit ** FINAL BLACK ** Report:
Records: 225 WED, MAY 27, 1998 4:05 PM
Balance: 1,412,061,347.98 Prepared by: CTHOMAS
Selection: Actual/360; Lehman Bros. Pool S:\SCHANG\CONDMAY\COND0520
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
475 Shops at State Bridge 1,995,371.55
479 Fairfield Inn (Musselman-Mt.Sterling) 1,991,043.78
480 Hampton Inn (Musselman-Elizabethtown) 1,991,043.78
483 Shannon Square 1,947,537.00
494 Eckerd Drug Store (Jacksonville) 1,905,798.57
496 Gardner Plaza 1,898,520.76
498 Officemax Free-Standing Retail/Commercia 1,897,760.17
500 The In-Line Retail Shop Space (Peoria) 1,893,035.93
501 Western Hills Shopping Center 1,892,853.54
504 Crystal Inn (Brigham City) 1,891,128.86
515 121 Greene Street 1,800,000.00
516 Payson Center 1,797,620.30
518 Village Woods Commons Shopping Center 1,792,241.27
525 Galaxy Shopping Center 1,745,149.43
526 Crestwood Station Shopping Center 1,744,600.57
527 Village Pines 1,742,848.98
529 Price Savers Center 1,722,787.60
531 Caledon Wood Professional Park 1,705,674.66
532 4445 West 16th Street 1,698,200.81
533 6 Fortune Drive 1,697,966.99
536 Georgetown Village Apartments 1,697,602.64
537 336 Washington Street (Boston Private) 1,697,590.85
540 La Jolla Court Apartments 1,652,187.67
548 Fry's Greenfield Plaza 1,597,884.71
551 Ames Plaza (Amenia) 1,595,195.82
553 Hilltop Village Shopping Center 1,594,743.67
554 Friendly Square Shopping Center 1,588,764.57
558 8614 Burton Way Apts. 1,548,751.88
562 Port Jefferson Medical Park 1,520,687.32
================================================================================
================================================================================
LEHMAN BROTHERS Page 8 of 8
Conduit ** FINAL BLACK ** Report:
Records: 225 WED, MAY 27, 1998 4:05 PM
Balance: 1,412,061,347.98 Prepared by: CTHOMAS
Selection: Actual/360; Lehman Bros. Pool S:\SCHANG\CONDMAY\COND0520
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
563 Ashcroft Industrial Park 1,515,445.10
564 8586-8588 Potter Park Drive (Palmer Ranc 1,498,880.08
566 Villa Fontana Apartments 1,496,067.38
577 Garage Loft Apartments 1,435,402.50
583 Imperial Plaza Office Building 1,398,946.34
584 Overlook Court 1,398,927.25
589 66 West 84th Street 1,376,574.41
596 Shoppes of Pembroke 1,326,253.83
597 Normandy Retail Center 1,298,285.64
600 238-268 Post Road 1,295,028.76
607 Rincon Plaza 1,253,340.82
612 222 Post Road 1,215,334.67
614 Kennestone Corners Business Center 1,197,430.82
619 Lexington Village Apartments 1,149,068.46
631 Nob Hill Office Park 1,048,643.01
632 North Post Oak Business Center 1,047,141.55
635 Dillard Office Building 997,934.48
636 128th Street Warehouse 997,930.56
644 The In-Line Shop Space (Chandler) 972,608.45
647 Dahnert Park Apartments 957,508.82
652 Pier 1 Imports 899,313.12
655 Francesca Apartments 879,261.42
EXHIBIT I-XXIV
================================================================================
LEHMAN BROTHERS Page 1 of 4
Conduit ** FINAL BLACK ** Report:
Records: 97 WED, MAY 27, 1998 4:16 PM
Balance: 769,758,392.58 Prepared by: CTHOMAS
Selection: HYPER S:\SCHANG\CONDMAY\COND0520
================================================================================
Exceptions to Rep XXIV (ARD Locus)
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
2 Broadmoor Austin 154,000,000.00
3 Fox Valley Mall 85,527,649.00
4 Hawthorn Center 77,863,877.00
10 Ohio Edison Office Building 22,468,036.24
17 Hickory Ridge Commons Shopping Center 17,952,727.94
22 Stallings Portfolio (Loan Level) 16,277,350.35
26 Levittown Trace Apartments 14,522,217.09
43 Highland Pinetree Apartments 12,389,735.13
46 Hulen Bend Center 12,168,124.07
49 Golf Glen Mart Plaza 11,863,983.65
50 Clearwater Crossing Shopping Center 11,569,846.73
63 Maplewood Center 9,745,742.13
73 North Willow Commons Shopping Center 9,205,383.81
80 Briarcliffe Lakeside Apartments 8,776,084.48
81 Daytona Beach Hilton Oceanfront Resort 8,281,860.32
83 North Oaks Plaza 8,093,897.78
97 Classic Portfolio (Roll-up) 7,201,769.35
98 Oak Hills Medical Plaza 7,181,443.42
103 Colleyville Court 7,081,449.20
104 Tlaquepaque Arts & Crafts Village 7,055,984.78
107 Hulen Fashion Center 6,968,150.86
111 Sunscape West Apartments 6,839,980.49
114 Le Med Apartments 6,744,467.08
119 City Center Building 6,656,983.36
122 New Market Mall 6,584,429.79
124 Playa Blanca Apartments 6,582,428.06
125 Minges Brook Mall 6,574,953.93
131 Pelham at Hyland Business Center 6,402,356.16
143 Linden Court Apartments 6,190,931.25
================================================================================
================================================================================
LEHMAN BROTHERS Page 2 of 4
Conduit ** FINAL BLACK ** Report:
Records: 97 WED, MAY 27, 1998 4:16 PM
Balance: 769,758,392.58 Prepared by: CTHOMAS
Selection: HYPER S:\SCHANG\CONDMAY\COND0520
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
151 Emerald Apartments 5,984,430.12
157 Payne Ranch Centre 5,785,128.07
162 Ashby Square West Shopping Center 5,685,607.37
164 Commerce Park of Palm Beach County 5,585,217.47
172 73 Spring Street Limited Partnership 5,382,520.27
179 One Sentry Parkway 5,292,378.31
200 Southpoint Shopping Center 4,735,219.11
201 Provincial Towers Apartments 4,662,868.47
208 Village Faire Shoppes 4,489,166.80
210 South Ridge Apartments 4,485,830.01
216 Chesapeake Square 4,393,749.31
224 Kingston Apartments 4,180,514.34
225 Glengary Shopping Center 4,174,404.10
231 Karl Plaza Shopping Center 4,114,484.43
232 Villa Serrano 4,111,868.60
241 Oakwood Apartments 3,990,036.80
243 5210 Maryland Way Office Building 3,987,379.97
257 Versailles of Rockford 3,750,108.50
259 Tri-County Square 3,688,584.07
262 Roswell Mill Office Buildings 3,614,244.75
263 Highland Tech Center 3,597,169.25
264 Stor-All Properties 3,594,923.24
265 Parole Office Park 3,594,810.39
279 Terrace View Apartments 3,431,073.27
285 White Mountain Village 3,390,568.02
287 Shepherdsville Square 3,389,509.68
298 Marketplace Shopping Center (Williamsburg-Loan Level) 3,291,905.50
306 Manchester Square 3,239,972.50
326 General Cinema 3,090,238.46
================================================================================
================================================================================
LEHMAN BROTHERS Page 3 of 4
Conduit ** FINAL BLACK ** Report:
Records: 97 WED, MAY 27, 1998 4:16 PM
Balance: 769,758,392.58 Prepared by: CTHOMAS
Selection: HYPER S:\SCHANG\CONDMAY\COND0520
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
328 Valencia Gardens Apartments 3,071,470.37
331 Woodmere Apartments 3,032,111.26
341 Timberfalls Apartments 2,955,617.80
347 Greenbrier Valley Mall 2,891,052.37
352 Maple Plaza Shopping Center 2,792,929.95
355 West Court Office Building 2,745,987.29
358 Century Analysis, Inc., Building 2,696,563.47
367 Park East Apartments 2,596,160.04
368 Shadow Trail Apartments 2,593,160.14
369 Inn at Saratoga 2,588,127.92
378 K-Mart Plaza Shopping Center (Galveston) 2,494,392.42
379 303 Winding Road 2,491,811.51
414 Wanamassa Gardens Apartments 2,254,135.36
420 Hillcroft Plaza Shopping Center 2,205,232.78
422 Olde Towne Shopping Center 2,197,192.71
423 5 Walk-Up Residential Buildings (Formerly 70 East) 2,197,106.08
428 Sneaker Stadium 2,193,031.27
454 3848-3870 East Foothill Boulevard (East Pasadena) 2,096,994.77
475 Shops at State Bridge 1,995,371.55
483 Shannon Square 1,947,537.00
501 Western Hills Shopping Center 1,892,853.54
504 Crystal Inn (Brigham City) 1,891,128.86
518 Village Woods Commons Shopping Center 1,792,241.27
525 Galaxy Shopping Center 1,745,149.43
526 Crestwood Station Shopping Center 1,744,600.57
529 Price Savers Center 1,722,787.60
531 Caledon Wood Professional Park 1,705,674.66
537 336 Washington Street (Boston Private) 1,697,590.85
553 Hilltop Village Shopping Center 1,594,743.67
================================================================================
================================================================================
LEHMAN BROTHERS Page 4 of 4
Conduit ** FINAL BLACK ** Report:
Records: 97 WED, MAY 27, 1998 4:16 PM
Balance: 769,758,392.58 Prepared by: CTHOMAS
Selection: HYPER S:\SCHANG\CONDMAY\COND0520
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
562 Port Jefferson Medical Park 1,520,687.32
563 Ashcroft Industrial Park 1,515,445.10
577 Garage Loft Apartments 1,435,402.50
583 Imperial Plaza Office Building 1,398,946.34
589 66 West 84th Street 1,376,574.41
596 Shoppes of Pembroke 1,326,253.83
632 North Post Oak Business Center 1,047,141.55
644 The In-Line Shop Space (Chandler) 972,608.45
647 Dahnert Park Apartments 957,508.82
652 Pier 1 Imports 899,313.12
================================================================================
Exhibit I-XXVI
================================================================================
LEHMAN BROTHERS Page 1 of 1
Conduit ** FINAL BLACK ** Report:
Records: 4 WED, MAY 27, 1998 2:36 PM
Balance: 181,977,497.71 Prepared by: CTHOMAS
Selection: S:\SCHANG\CONDMAY\COND0520
================================================================================
Exceptions to Rep XXVI (future sub-debt)
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
102 West Georgia Commons 7,094,294.06
29 Statesboro Mall 14,288,507.76
120 Dublin Mall 6,594,695.89
2 Broadmoor Austin 154,000,000.00
================================================================================
================================================================================
Current Sub-Debt LEHMAN BROTHERS Page 1 of 1
Conduit ** FINAL BLACK ** Report:
Records: 10 WED, MAY 27, 1998 2:38 PM
Balance: 56,534,820.95 Prepared by: CTHOMAS
Selection: Subordinate Debt; Lehman Bros. Pool S:\SCHANG\CONDMAY\CONDO52O
================================================================================
Exceptions to Rep XXVI (current sub-debt)
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
20 Richardson Highlands 16,847,577.42
51 Rivercrest Village Apartments 11,564,174.06
122 New Market Mall 6,584,429.79
162 Ashby Square West Shopping Center 5,685,607.37
259 Tri-County Square 3,688,584.07
287 Shepherdsville Square 3,389,509.68
306 Manchester Square 3,239,972.50
347 Greenbrier Valley Mall 2,891,052.37
526 Crestwood Station Shopping Center 1,744,600.57
652 Pier 1 Imports 899,313.12
================================================================================
Exhibit I-XXVII
================================================================================
LEHMAN BROTHERS Page 1 of 1
Conduit ** FINAL BLACK ** Report:
Records: 24 WED, MAY 27, 1998 4:10 PM
Balance: 122,113,846.50 Prepared by: CTHOMAS
Selection: lx; Lehman Bros. Pool S:\SCHANG\CONDMAY\COND0520
================================================================================
Exceptions to Rep XXVII (1x assumable)
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
12 Holiday Inn Downtown 21,840,552.21
51 Rivercrest Village Apartments 11,564,174.06
75 Village Green Apartments 9,177,123.74
89 Hampton Inn (Louisville) 7,771,500.87
98 Oak Hills Medical Plaza 7,181,443.42
125 Minges Brook Mall 6,574,953.93
152 MacArthur Plaza I & II 5,983,970.74
174 Club at Woodland Pond 5,355,892.91
204 Park Plaza - Salem 4,588,483.58
233 Kendale Plaza Shopping Center 4,094,344.90
241 Oakwood Apartments 3,990,036.80
245 Fashion Village and East Colonial Shopping Centers 3,932,520.25
260 Bethesda Court Hotel 3,636,395.34
269 Miami Gardens Plaza 3,591,048.41
298 Marketplace Shopping Center (Williamsburg-Loan Level) 3,291,905.50
303 Foothills Villas Apartments 3,264,848.02
344 University Village Shopping Center 2,936,468.90
369 Inn at Saratoga 2,588,127.92
403 Eckerd Drug Store (Lexington) 2,340,959.27
416 River Oaks Apartments 2,246,834.81
473 Auto/Retail Facility (Lauderhill) 1,997,734.77
551 Ames Plaza (Amenia) 1,595,195.82
562 Port Jefferson Medical Park 1,520,687.32
631 Nob Hill Office Park 1,048,643.01
================================================================================
================================================================================
LEHMAN BROTHERS Page 1 of 1
Conduit ** FINAL BLACK ** Report:
Records: 1 WED, MAY 27, 1998 4:10 PM
Balance: 2,192,153.17 Prepared by: CTHOMAS
Selection: 2x; Lehman Bros. Pool S:\SCHANG\CONDMAY\COND0520
================================================================================
Exceptions to Rep (XXVII) (2x assumable)
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
429 Andora Apartments 2,192,153.17
===============================================================================
LEHMAN BROTHERS Page 1 of 8
Conduit ** FINAL BLACK ** Report:
Records: 235 WED, MAY 27, 1998 4:10 PM
Balance: 1,559,551,228.61 Prepared by: CTHOMAS
Selection: Assumable With Lenders Consent; S:\SCHANG\CONDMAY\COND0520
Lehman Bros. Pool
===============================================================================
Exceptions to Rep XXVII (lenders consent)
-------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
-------------------------------------------------------------------------------
1 IBM Corporate Office Complex 178,378,814.33
2 Broadmoor Austin 154,000,000.00
3 Fox Valley Mall 85,527,649.00
4 Hawthorn Center 77,863,877.00
9 Musselman Portfolio (Roll-Up) 23,892,525.17
10 Ohio Edison Office Building 22,468,036.24
14 St. Andrews Place 20,942,733.05
17 Hickory Ridge Commons Shopping Center 17,952,727.94
19 1066 Third Avenue (Royale Retail Condominiums) 17,344,007.86
20 Richardson Highlands 16,847,577.42
22 Stallings Portfolio (Loan Level) 16,277,350.35
26 Levittown Trace Apartments 14,522,217.09
27 Chester Mall 14,488,711.07
29 Statesboro Mall 14,288,507.76
30 Days Inn & Suites Historic Savannah 13,770,454.32
32 Sandy Mall 13,738,706.98
35 Temple City Square 13,269,824.24
40 North Atherton Place 12,469,243.47
42 GTE Sternmons Crossing 12,400,000.00
43 Highland Pinetree Apartments 12,389,735.13
44 Westmont Business Park (Roll-up) 12,218,749.98
45 Wyndham Garden Hotel 12,204,210.32
46 Hulen Bend Center 12,168,124.07
47 Cineplex Odeon Movie Theater 12,124,123.68
49 Golf Glen Mart Plaza 11,863,983.65
50 Clearwater Crossing Shopping Center 11,569,846.73
52 Super K-Mart Center 11,283,800.93
54 Market at Wolfcreek 10,947,916.37
59 Concorde Centre II Office Building 10,500,000.00
================================================================================
===============================================================================
LEHMAN BROTHERS Page 2 of 8
Conduit ** FINAL BLACK ** Report:
Records: 235 WED, MAY 27, 1998 4:10 PM
Balance: 1,559,551,228.61 Prepared by: CTHOMAS
Selection: Assumable With Lenders Consent; S:\SCHANG\CONDMAY\COND0520
Lehman Bros. Pool
===============================================================================
-------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
-------------------------------------------------------------------------------
63 Maplewood Center 9,745,742.13
66 Inverrary 441 Apartments 9,586,461.99
70 Hampton Inn Pensacola Beach 9,250,000.00
73 North Willow Commons Shopping Center 9,205,383.81
74 International Club Apartments 9,186,994.22
83 North Oaks Plaza 8,093,897.78
87 1616 Walnut Street 7,794,129.65
92 White Marlin Mall, Phase I 7,743,942.22
97 Classic Portfolio (Roll-up) 7,201,769.35
100 Kensington Club Apartments 7,131,286.58
102 West Georgia Commons 7,094,294.06
103 Colleyville Court 7,081,449.20
104 Tlaquepaque Arts & Crafts Village 7,055,984.78
107 Hulen Fashion Center 6,968,150.86
110 City Place 6,892,159.81
111 Sunscape West Apartments 6,839,980.49
114 Le Med Apartments 6,744,467.08
116 Westminster Plaza 6,690,963.03
119 City Center Building 6,656,983.36
120 Dublin Mall 6,594,695.89
122 New Market Mall 6,584,429.79
123 Highgate Apartments 6,583,249.29
124 Playa Blanca Apartments 6,582,428.06
131 Pelham at Hyland Business Center 6,402,356.16
136 Officemax and Best Buy 6,320,000.00
137 Two Executive Boulevard 6,295,095.15
143 Linden Court Apartments 6,190,931.25
144 Serra Commons Apartments 6,177,199.24
145 A & P Grocery Store 6,163,226.67
================================================================================
===============================================================================
LEHMAN BROTHERS Page 3 of 8
Conduit ** FINAL BLACK ** Report:
Records: 235 WED, MAY 27, 1998 4:10 PM
Balance: 1,559,551,228.61 Prepared by: CTHOMAS
Selection: Assumable With Lenders Consent; S:\SCHANG\CONDMAY\COND0520
Lehman Bros. Pool
===============================================================================
-------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
-------------------------------------------------------------------------------
148 Holiday Inn City Center 6,073,664.24
149 53, 53-West, and 102 Commerce Center 5,993,027.80
151 Emerald Apartments 5,984,430.12
154 Evergreen Plaza 5,982,208.81
155 21 DuPont Circle 5,795,439.34
156 1-3 Parklands Drive (Parkland Office Park) 5,792,389.77
157 Payne Ranch Centre 5,785,128.07
161 Wickes Shopping Center 5,707,136.81
162 Ashby Square West Shopping Center 5,685,607.37
164 Commerce Park of Palm Beach County 5,585,217.47
172 73 Spring Street Limited Partnership 5,382,520.27
178 Whole Foods Market 5,331,911.30
179 One Sentry Parkway 5,292,378.31
187 Budgetel Inn 4,994,436.22
188 Hillside Village Center 4,993,729.36
191 Thrifty's (Roll-Up) 4,936,933.47
193 Tiffany Corner Shopping Center 4,904,313.30
194 Timbers of Pine Hollow Apartments 4,896,093.16
200 Southpoint Shopping Center 4,735,219.11
201 Provincial Towers Apartments 4,662,868.47
202 Royal Palms Mobile Home/RV Park 4,600,000.00
208 Village Faire Shoppes 4,489,166.80
209 South Trust Building 4,488,810.52
210 South Ridge Apartments 4,485,830.01
214 Minges Creek Plaza 4,445,732.34
215 TransFlorida Bank Plaza 4,393,961.09
216 Chesapeake Square 4,393,749.31
217 Orchard Plaza 4,389,461.37
220 J.P. Morgan Building 4,196,597.85
================================================================================
===============================================================================
LEHMAN BROTHERS Page 4 of 8
Conduit ** FINAL BLACK ** Report:
Records: 235 WED, MAY 27, 1998 4:10 PM
Balance: 1,559,551,228.61 Prepared by: CTHOMAS
Selection: Assumable With Lenders Consent; S:\SCHANG\CONDMAY\COND0520
Lehman Bros. Pool
===============================================================================
-------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
-------------------------------------------------------------------------------
224 Kingston Apartments 4,180,514.34
225 Glengary Shopping Center 4,174,404.10
226 1696 and 1700 to 1712 Newport Boulevard 4,164,473.16
230 Walgreens Pharmacy (Chicago) 4,119,422.58
231 Karl Plaza Shopping Center 4,114,484.43
232 Villa Serrano 4,111,868.60
235 Best Buy (Little Rock) 4,092,586.34
236 Alice Nettell Tower 4,085,108.18
243 5210 Maryland Way Office Building 3,987,379.97
252 Merrill Crossing Shopping Ctr. 3,790,289.55
253 River Creek Apartments 3,788,034.64
257 Versailles of Rockford 3,750,108.50
258 Lynnwood Manor Health Care Center 3,746,037.63
259 Tri-County Square 3,688,584.07
262 Roswell Mill Office Buildings 3,614,244.75
263 Highland Tech Center 3,597,169.25
264 Stor-All Properties 3,594,923.24
265 Parole Office Park 3,594,810.39
266 McEvers Corners 3,591,540.48
268 Courtyards Apartments 3,591,078.89
271 Webtron Building 3,547,375.75
276 Best Buy (Sioux Falls) 3,475,000.00
277 Parkway Nursing Home 3,446,354.62
279 Terrace View Apartments 3,431,073.27
284 Fidelity Federal Bank Building 3,392,923.73
285 White Mountain Village 3,390,568.02
287 Shepherdsville Square 3,389,509.68
289 100 Broadway 3,380,435.75
293 Green Center (MCG) 3,343,708.47
================================================================================
===============================================================================
LEHMAN BROTHERS Page 5 of 8
Conduit ** FINAL BLACK ** Report:
Records: 235 WED, MAY 27, 1998 4:10 PM
Balance: 1,559,551,228.61 Prepared by: CTHOMAS
Selection: Assumable With Lenders Consent; S:\SCHANG\CONDMAY\COND0520
Lehman Bros. Pool
===============================================================================
-------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
-------------------------------------------------------------------------------
295 Walgreens Pharmacy (Chicago Heights) 3,297,412.39
296 Everett I-5 Mini-Storage 3,295,515.58
302 Sussex Downs Apartments 3,266,130.06
306 Manchester Square 3,239,972.50
310 Swall Towers East 3,197,448.60
312 Hillside Village Plaza 3,191,710.26
314 Kaiser Permanente Health Center 3,184,959.64
316 Swall Towers West 3,147,488.47
319 Salt Lake Medical Plaza Office Building 3,134,338.76
322 Carriage Hills Apartments 3,113,343.36
323 Village on the Pike Shopping Center 3,097,528.33
326 General Cinema 3,090,238.46
328 Valencia Gardens Apartments 3,071,470.37
331 Woodmere Apartments 3,032,111.26
334 Rain Forest Apartments 2,997,655.06
335 Nexstar Pharmaceuticals Building 2,997,612.80
341 Timberfalls Apartments 2,955,617.80
347 Greenbrier Valley Mall 2,891,052.37
352 Maple Plaza Shopping Center 2,792,929.95
355 West Court Office Building 2,745,987.29
357 Paradise Shopping Plaza 2,697,988.17
358 Century Analysis, Inc., Building 2,696,563.47
361 Dolly Creek Shopping Center 2,672,871.41
367 Park East Apartments 2,596,160.04
368 Shadow Trail Apartments 2,593,160.14
371 Marketplace at Ken Caryl 2,547,125.71
379 303 Winding Road 2,491,811.51
383 Hillside Apartments 2,472,995.16
384 Walgreen Store (Wolfcreek) 2,467,814.73
================================================================================
===============================================================================
LEHMAN BROTHERS Page 6 of 8
Conduit ** FINAL BLACK ** Report:
Records: 235 WED, MAY 27, 1998 4:10 PM
Balance: 1,559,551,228.61 Prepared by: CTHOMAS
Selection: Assumable With Lenders Consent; S:\SCHANG\CONDMAY\COND0520
Lehman Bros. Pool
===============================================================================
-------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
-------------------------------------------------------------------------------
388 Miramar/Chapparone Auto Center 2,448,027.16
390 Jefferson Centre 2,446,687.19
393 Central Park Professional Center 2,396,615.50
406 1803 Park Center Drive 2,322,167.35
414 Wanamassa Gardens Apartments 2,254,135.36
418 Timm Office Building 2,222,028.77
420 Hillcroft Plaza Shopping Center 2,205,232.78
422 Olde Towne Shopping Center 2,197,192.71
423 5 Walk-Up Residential Buildings (Formerly 70 East) 2,197,106.08
425 Days Inn (Winter Park) 2,195,718.51
428 Sneaker Stadium 2,193,031.27
431 3610 Birch Street (Apollo Office Building) 2,183,388.13
432 Walgreens Pharmacy (Miami) 2,170,234.76
441 FAA Building 2,141,611.88
448 Walgreens - Richmond 2,100,455.05
449 Stoughton Plaza 2,098,425.83
450 PetsMart Inc. 2,098,410.02
451 Cobblestone Village Shopping Center 2,098,381.24
454 3848-3870 East Foothill Boulevard (East Pasadena) 2,096,994.77
464 Rite Aid Pharmacy (Liberty) 2,080,599.32
466 CVS Pharmacy (Philadelphia) 2,074,140.20
471 CVS Drug Store (Martinsville) 2,038,393.46
474 Campostella Corners Shopping Center 1,997,261.83
475 Shops at State Bridge 1,995,371.55
480 Hampton Inn (Musselman-Elizabethtown) 1,991,043.78
479 Fairfield Inn (Musselman-Mt.Sterling) 1,991,043.78
483 Shannon Square 1,947,537.00
494 Eckerd Drug Store (Jacksonville) 1,905,798.57
496 Gardner Plaza 1,898,520.76
================================================================================
===============================================================================
LEHMAN BROTHERS Page 7 of 8
Conduit ** FINAL BLACK ** Report:
Records: 235 WED, MAY 27, 1998 4:10 PM
Balance: 1,559,551,228.61 Prepared by: CTHOMAS
Selection: Assumable With Lenders Consent; S:\SCHANG\CONDMAY\COND0520
Lehman Bros. Pool
===============================================================================
-------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
-------------------------------------------------------------------------------
498 Officemax Free-Standing Retail/Commercial Building 1,897,760.17
500 The In-Line Retail Shop Space (Peoria) 1,893,035.93
501 Western Hills Shopping Center 1,892,853.54
502 Eckerd Drug Store (Ft. Myers) 1,892,262.33
504 Crystal Inn (Brigham City) 1,891,128.86
512 Revco Pharmacy (Decatur) 1,840,419.99
515 121 Greene Street 1,800,000.00
516 Payson Center 1,797,620.30
518 Village Woods Commons Shopping Center 1,792,241.27
521 CVS Pharmacy (Lancaster) 1,765,000.00
525 Galaxy Shopping Center 1,745,149.43
526 Crestwood Station Shopping Center 1,744,600.57
527 Village Pines 1,742,848.98
529 Price Savers Center 1,722,787.60
530 Indian Village Shopping Center 1,708,262.64
531 Caledon Wood Professional Park 1,705,674.66
532 4445 West 16th Street 1,698,200.81
533 6 Fortune Drive 1,697,966.99
536 Georgetown Village Apartments 1,697,602.64
537 336 Washington Street (Boston Private) 1,697,590.85
540 La Jolla Court Apartments 1,652,187.67
542 Hodges Warehouse (Hodges II) 1,645,107.98
544 Eckerd Drug Store (Camden) 1,631,475.16
545 CVS Drug Store (Mableton) 1,605,822.34
548 Fry's Greenfield Plaza 1,597,884.71
553 Hilltop Village Shopping Center 1,594,743.67
554 Friendly Square Shopping Center 1,588,764.57
558 8614 Burton Way Apts. 1,548,751.88
559 Four Industrial Buildings (Great S.W. Industrial) 1,546,386.62
================================================================================
===============================================================================
LEHMAN BROTHERS Page 8 of 8
Conduit ** FINAL BLACK ** Report:
Records: 235 WED, MAY 27, 1998 4:10 PM
Balance: 1,559,551,228.61 Prepared by: CTHOMAS
Selection: Assumable With Lenders Consent; S:\SCHANG\CONDMAY\COND0520
Lehman Bros. Pool
===============================================================================
-------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
-------------------------------------------------------------------------------
563 Ashcroft Industrial Park 1,515,445.10
564 8586-8588 Potter Park Drive (Palmer Ranch) 1,498,880.08
566 Villa Fontana Apartments 1,496,067.38
577 Garage Loft Apartments 1,435,402.50
581 Rite Aid Pharmacey (Hogansville) 1,413,906.15
582 Revco Pharmacy (Oak Ridge) 1,413,228.06
583 Imperial Plaza Office Building 1,398,946.34
584 Overlook Court 1,398,927.25
589 66 West 84th Street 1,376,574.41
596 Shoppes of Pembroke 1,326,253.83
597 Normandy Retail Center 1,298,285.64
600 238-268 Post Road 1,295,028.76
607 Rincon Plaza 1,253,340.82
608 Eckerd Store (Mt. Holly) 1,235,810.25
611 Eckerd Store (Florence) 1,217,660.73
612 222 Post Road 1,215,334.67
614 Kennestone Corners Business Center 1,197,430.82
616 Rite Aid Pharmacy (Williamsport) 1,192,416.56
617 CVS Pharmacy (Westbrook) 1,162,826.18
619 Lexington Village Apartments 1,149,068.46
632 North Post Oak Business Center 1,047,141.55
634 Randall Court Apartments 1,012,794.54
635 Dillard Office Building 997,934.48
636 128th Street Warehouse 997,930.56
640 Wolfpack Village Apartments 995,293.89
644 The In-Line Shop Space (Chandler) 972,608.45
647 Dahnert Park Apartments 957,508.82
651 NTB Store Site 918,191.46
652 Pier 1 Imports 899,313.12
655 Francesca Apartments 879,261.42
666 Hodges Warehouse and Corporate Offices (Hodges I) 747,776.36
672 13348 Newport Boulevard (Walgreen - Tustin) 494,859.06
================================================================================
EXHIBIT I-XXXI
Exception to Schedule I Clause (xxxi)
None
EXHIBIT I-XL
Exception to Schedule I Clause (xl)
None
EXHIBIT I-XLVI
================================================================================
LEHMAN BROTHERS Page 1 of 1
Conduit ** FINAL BLACK ** Report:
Records: 13 WED, MAY 27, 1998 4:12 PM
Balance: 247,162,146.84 Prepared by: CTHOMAS
Selection: Leasehold; Lehman Bros. Pool S:\SCHANG\CONDMAYCOND0520
================================================================================
Exceptions to Rep XLVI
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
2 Broadmoor Austin 154,000,000.00
9 Musselman Portfolio (Roll-Up) 23,892,525.17
22 Stallings Portfolio (Loan Level) 16,277,350.35
40 North Atherton Place 12,469,243.47
97 Classic Portfolio (Roll-up) 7,201,769.35
107 Hulen Fashion Center 6,968,150.86
110 City Place 6,892,159.81
145 A & P Grocery Store 6,163,226.67
191 Thrifty's (Roll-Up) 4,936,933.47
319 Salt Lake Medical Plaza Office Building 3,134,338.76
441 FAA Building 2,141,611.88
530 Indian Village Shopping Center 1,708,262.64
589 66 West 84th Street 1,376,574.41
================================================================================
EXHIBIT I-XLII
XLII (A&E) FULBBA 1998-C2
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
651 Sears, Roebuck 918,191.46
672 13348 Newport Boulevard (Walgreen - Tustin) 494,859.06
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
================================================================================
Page 1 of 1
EXHIBIT II-A
Exception to Schedule II Clause (i)(A)
None
EXHIBIT II-B
FULBBA 1998-C2
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
110 City Place 6,892,159.81
530 Indian Village Shopping Center 1,708,262.64
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Exception to Ground Lease Rep (i)(B)
================================================================================
Page 1 of 1
EXHIBIT II-J
Exception to Schedule II Clause (i)(J)
None
EXHIBIT II-L
Exception to Schedule II Clause (i)(L)
None
EXHIBIT II-II
FULBBA 1998-C2
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
2 Broadmoor Austin 154,000,000.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Exception to Ground Lease Rep (i)(ii)
================================================================================
Page 1 of 1
EXHIBIT IV-A
FULBBA 1998-C2
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
52 Super K-Mart Center 11,283,800.93
145 A & P Grocery Store 6,163,226.67
230 Walgreens Pharmacy (Chicago) 4,119,422.58
282 Walgreens (Las Vegas) 3,396,544.93
295 Walgreens Pharmacy (Chicago Heights) 3,297,412.39
403 Eckerd Drug Store (Lexington) 2,340,959.27
432 Walgreens Pharmacy (Miami) 2,170,234.76
448 Walgreens - Richmond 2,100,455.05
464 Rite Aid Pharmacy (Liberty) 2,080,599.32
466 CVS Pharmacy (Philadelphia) 2,074,140.20
471 CVS Drug Store (Martinsville) 2,038,393.46
482 CVS Pharmacy (Vernon) 1,969,899.72
502 Eckerd Drug Store (Ft. Myers) 1,892,262.33
512 Revco Pharmacy (Decatur) 1,840,419.99
521 CVS Pharmacy (Lancaster) 1,765,000.00
544 Eckerd Drug Store (Camden) 1,631,475.16
545 CVS Drug Store (Mableton) 1,605,822.34
578 Rite-Aid Pharmacy (Waynesburg) 1,426,496.18
581 Rite Aid Pharmacey (Hogansville) 1,413,906.15
582 Revco Pharmacy (Oak Ridge) 1,413,228.06
608 Eckerd Store (Mt. Holly) 1,235,810.25
611 Eckerd Store (Florence) 1,217,660.73
616 Rite Aid Pharmacy (Williamsport) 1,192,416.56
617 CVS Pharmacy (Westbrook) 1,162,826.18
651 Sears,Roebuck 918,191.46
672 13348 Newport Boulevard (Walgreen - Tustin) 494,859.06
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Exception to Credit Lease Rep A
================================================================================
Page 1 of 1
EXHIBIT IV-B
FULBBA 1998-C2
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
145 A & P Grocery Store 6,163,226.67
230 Walgreens Pharmacy (Chicago) 4,119,422.58
282 Walgreens (Las Vegas) 3,396,544.93
295 Walgreens Pharmacy (Chicago Heights) 3,297,412.39
403 Eckerd Drug Store (Lexington) 2,340,959.27
432 Walgreens Pharmacy (Miami) 2,170,234.76
448 Walgreens - Richmond 2,100,455.05
464 Rite Aid Pharmacy (Liberty) 2,080,599.32
466 CVS Pharmacy (Philadelphia) 2,074,140.20
471 CVS Drug Store (Martinsville) 2,038,393.46
482 CVS Pharmacy (Vernon) 1,969,899.72
502 Eckerd Drug Store (Ft. Myers) 1,892,262.33
512 Revco Pharmacy (Decatur) 1,840,419.99
521 CVS Pharmacy (Lancaster) 1,765,000.00
544 Eckerd Drug Store (Camden) 1,631,475.16
545 CVS Drug Store (Mableton) 1,605,822.34
578 Rite-Aid Pharmacy (Waynesburg) 1,426,496.18
581 Rite Aid Pharmacey (Hogansville) 1,413,906.15
582 Revco Pharmacy (Oak Ridge) 1,413,228.06
608 Eckerd Store (Mt. Holly) 1,235,810.25
611 Eckerd Store (Florence) 1,217,660.73
616 Rite Aid Pharmacy (Williamsport) 1,192,416.56
617 CVS Pharmacy (Westbrook) 1,162,826.18
651 Sears, Roebuck 918,191.46
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Exceptions to Credit Lease B
================================================================================
Page 1 of 1
EXHIBIT IV-B
FULBBA 1998-C2
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
145 A & P Grocery Store 6,163,226.67
230 Walgreens Pharmacy (Chicago) 4,119,422.58
282 Walgreens (Las Vegas) 3,396,544.93
295 Walgreens Pharmacy (Chicago Heights) 3,297,412.39
403 Eckerd Drug Store (Lexington) 2,340,959.27
432 Walgreens Pharmacy (Miami) 2,170,234.76
448 Walgreens - Richmond 2,100,455.05
464 Rite Aid Pharmacy (Liberty) 2,080,599.32
466 CVS Pharmacy (Philadelphia) 2,074,140.20
471 CVS Drug Store (Martinsville) 2,038,393.46
482 CVS Pharmacy (Vernon) 1,969,899.72
502 Eckerd Drug Store (Ft. Myers) 1,892,262.33
512 Revco Pharmacy (Decatur) 1,840,419.99
521 Pharmacy (Lancaster) 1,765,000.00
544 Eckerd Drug Store (Camden) 1,631,475.16
545 CVS Drug Store (Mableton) 1,605,822.34
578 Rite-Aid Pharmacy (Waynesburg) 1,426,496.18
581 Rite Aid Pharmacey (Hogansville) 1,413,906.15
582 Revco Pharmacy (Oak Ridge) 1,413,228.06
608 Eckerd Store (Mt. Holly) 1,235,810.25
611 Eckerd Store (Florence) 1,217,660.73
616 Rite Aid Pharmacy (Williamsport) 1,192,416.56
617 CVS Pharmacy (Westbrook) 1,162,826.18
672 13348 Newport Boulevard (Walgreen - Tustin) 494,859.06
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Exception to Credit Lease Rep (B)
================================================================================
Page 1 of 1
EXHIBIT IV-C
Exception to Schedule IV Clause (C)
None
EXHIBIT IV-D
FULBBA 1998-C2
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
145 A & P Grocery Store 6,163,226.67
230 Walgreens Pharmacy (Chicago) 4,119,422.58
282 Walgreens (Las Vegas) 3,396,544.93
295 Walgreens Pharmacy (Chicago Heights) 3,297,412.39
403 Eckerd Drug Store (Lexington) 2,340,959.27
432 Walgreens Pharmacy (Miami) 2,170,234.76
448 Walgreens - Richmond 2,100,455.05
464 Rite Aid Pharmacy (Liberty) 2,080,599.32
466 CVS Pharmacy (Philadelphia) 2,074,140.20
471 CVS Drug Store (Martinsville) 2,038,393.46
482 CVS Pharmacy (Vernon) 1,969,899.72
502 Eckerd Drug Store (Ft. Myers) 1,892,262.33
512 Revco Pharmacy (Decatur) 1,840,419.99
521 CVS Pharmacy (Lancaster) 1,765,000.00
544 Eckerd Drug Store (Camden) 1,631,475.16
545 CVC Drug Store (Mableton) 1,605,822.34
578 Rite-Aid Pharmacy (Waynesburg) 1,426,496.18
581 Rite Aid Pharmacey (Hogansville) 1,413,906.15
582 Revco Pharmacy (Oak Ridge) 1,413,228.06
608 Eckerd Store (Mt. Holly) 1,235,810.25
611 Eckerd Store (Florence) 1,217,660.73
616 Rite Aid Pharmacy (Williamsport) 1,192,416.56
617 CVS Pharmacy (Westbrook) 1,162,826.18
672 13348 Newport Boulevard (Walgreen - Tustin) 494,859.06
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Exception to Credit Lease Rep D
================================================================================
Page 1 of 1
EXHIBIT IV-E
FULBBA 1998-C2
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
52 Super K-Mart Center 11,283,800.93
145 A & P Grocery Store 6,163,226.67
230 Walgreens Pharmacy (Chicago) 4,119,422.58
282 Walgreens (Las Vegas) 3,396,544.93
295 Walgreens Pharmacy (Chicago Heights) 3,297,412.39
403 Eckerd Drug Store (Lexington) 2,340,959.27
432 Walgreens Pharmacy (Miami) 2,170,234.76
448 Walgreens - Richmond 2,100,455.05
464 Rite Aid Pharmacy (Liberty) 2,080,599.32
466 CVS Pharmacy (Philadelphia) 2,074,140.20
471 CVS Drug Store (Martinsville) 2,038,393.46
482 CVS Pharmacy (Vernon) 1,969,899.72
502 Eckerd Drug Store (Ft. Myers) 1,892,262.33
512 Revco Pharmacy (Decatur) 1,840,419.99
521 CVS Pharmacy (Lancaster) 1,765,000.00
544 Eckerd Drug Store (Camden) 1,631,475.16
545 CVS Drug Store (Mableton) 1,605,822.34
578 Rite-Aid Pharmacy (Waynesburg) 1,426,496.18
581 Rite Aid Pharmacey (Hogansville) 1,413,906.15
582 Revco Pharmacy (Oak Ridge) 1,413,228.06
608 Eckerd Store (Mt. Holly) 1,235,810.25
611 Eckerd Store (Florence) 1,217,660.73
616 Rite Aid Pharmacy (Williamsport) 1,192,416.56
617 CVS Pharmacy (Westbrook) 1,162,826.18
651 Sears, Roebuck 918,191.46
672 13348 Newport Boulevard (Walgreen - Tustin) 494,859.06
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Exceptions to Credit Lease Rep E
================================================================================
Page 1 of 1
EXHIBIT IV-G
FULBBA 1998-C2
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
466 CVS Pharmacy (Philadelphia) 2,074,140.20
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Exception to Credit Lease Rep (G)
================================================================================
Page 1 of 1
EXHIBIT IV-H
FULBBA 1998-C2
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
52 Super K-Mart Center 11,283,800.93
145 A & P Grocery Store 6,163,226.67
230 Walgreens Pharmacy (Chicago) 4,119,422.58
282 Walgreens (Las Vegas) 3,396,544.93
295 Walgreens Pharmacy (Chicago Heights) 3,297,412.39
403 Eckerd Drug Store (Lexington) 2,340,959.27
432 Walgreens Pharmacy (Miami) 2,170,234.76
448 Walgreens - Richmond 2,100,455.05
464 Rite Aid Pharmacy (Liberty) 2,080,599.32
466 CVS Pharmacy (Philadelphia) 2,074,140.20
471 CVS Drug Store (Martinsville) 2,038,393.46
482 CVS Pharmacy (Vernon) 1,969,899.72
502 Eckerd Drug Store (Ft. Myers) 1,892,262.33
512 Revco Pharmacy (Decatur) 1,840,419.99
521 CVS Pharmacy (Lancaster) 1,765,000.00
544 Eckerd Drug Store (Camden) 1,631,475.16
545 CVS Drug Store (Mableton) 1,605,822.34
578 Rite-Aid Pharmacy (Waynesburg) 1,426,496.18
581 Rite Aid Pharmacey (Hogansville) 1,413,906.15
582 Revco Pharmacy (Oak Ridge) 1,413,228.06
608 Eckerd Store (Mt. Holly) 1,235,810.25
611 Eckerd Store (Florence) 1,217,660.73
616 Rite Aid Pharmacy (Williamsport) 1,192,416.56
617 CVS Pharmacy (Westbrook) 1,162,826.18
651 Sears, Roebuck 918,191.46
672 13348 Newport Boulevard (Walgreen - Tustin) 494,859.06
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Exception to Credit Lease H
================================================================================
Page 1 of 1
EXHIBIT IV-I
FULBBA 1998-C2
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL
--------------------------------------------------------------------------------
282 Walgreens (Las Vegas) 3,396,544.93
432 Walgreens Pharmacy (Miami) 2,170,234.76
448 Walgreens - Richmond 2,100,455.05
471 CVS Drug Store (Martinsville) 2,038,393.46
502 Eckerd Drug Store (Ft. Myers) 1,892,262.33
544 Eckerd Drug Store (Camden) 1,631,475.16
578 Rite-Aid Pharmacy (Waynesburg) 1,426,496.18
581 Rite Aid Pharmacey (Hogansville) 1,413,906.15
582 Revco Pharmacy (Oak Ridge) 1,413,228.06
608 Eckerd Store (Mt. Holly) 1,235,810.25
611 Eckerd Store (Florence) 1,217,660.73
616 Rite Aid Pharmacy (Williamsport) 1,192,416.56
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Exception to Credit Lease Rep I
================================================================================
Page 1 of 1
EXHIBIT IV-J
Exception to Schedule IV Clause (J)
None
EXHIBIT IV-L
FULBBA 1998-C2
================================================================================
--------------------------------------------------------------------------------
PROSPID PROPNAME CURBAL GUARANTOR
--------------------------------------------------------------------------------
230 Walgreens Pharmacy (Chicago) 4,119,422.58 Walgreen Co.
295 Walgreens Pharmacy (Chicago Heights) 3,297,412.39 Walgreen Co.
464 Rite Aid Pharmacy (Liberty) 2,080,599.32 Rite Aid Corporation
466 CVS Pharmacy (Philadelphia) 2,074,140.20 CVS Corporation
471 CVS Drug Store (Martinsville) 2,038,393.46 Revco D.S., Inc.
482 CVS Pharmacy (Vernon) 1,969,899.72 CVS Corporation
512 Revco Pharmacy (Decatur) 1,840,419.99 CYS Corporation
521 CVS Pharmacy (Lancaster) 1,765,000.00 CVS Corporation
545 CVS Drug Store (Mableton) 1,605,822.34 CVS Corporation
578 Rite-Aid Pharmacy (Waynesburg) 1,426,496.18 Rite Aid Corporation
581 Rite Aid Pharmacey (Hogansville) 1,413,906.15 Rite Aid Corporation
582 Revco Pharmacy (Oak Ridge) 1,413,228.06 Revco D.S., Inc.
616 Rite Aid Pharmacy (Williamsport) 1,192,416.56 Rite Aid Corporation
617 CVS Pharmacy (Westbrook) 1,162,826.18 CVS Corporation
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Exception to Credit Lease Rep L
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