EXECUTION COPY
MORTGAGE LOAN PURCHASE AGREEMENT
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Mortgage Loan Purchase Agreement, dated as of December 1, 1998 (the
"Agreement"), between First Union National Bank (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 "Mortgage Loans") as provided
herein. The Purchaser intends to deposit the Mortgage Loans 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"), Lennar Partners, Inc., as special
servicer (in such capacity, the "Special Servicer"), and Norwest Bank Minnesota,
National Association as trustee (the "Trustee"). 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
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 Mortgage Loans will have an aggregate principal balance of $1,165,454,045.66
(the "Initial Pool 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 purchase and sale of the
Mortgage Loans shall take place on December 23, 1998 or such other date as shall
be mutually acceptable to the parties hereto (the "Closing Date"). The
consideration (the "Aggregate Purchase Price") for the Mortgage Loans shall
consist of a cash amount equal to the Initial Pool Balance plus interest accrued
on the Initial Pool 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. The
Aggregate Purchase Price 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 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 (except as set forth in this Agreement), all the right, title and
interest of the Seller in and to the Mortgage Loans identified on the Mortgage
Loan Schedule as of such date, on a servicing released basis. 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 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 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 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 including any power of
attorney related to the execution thereof (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 Commercial Mortgage Trust, Commercial Mortgage
Pass-
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Through Certificates, FUNB Series 1999-C1 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
Commercial Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, FUNB Series 1999-C1, 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
Commercial Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, FUNB Series 1999-C1;
(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
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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 Commercial Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, FUNB Series 1999-C1; and
(ix) an original or copy of any Ground Lease, any Credit Lease and any
Lease Enhancement Policy, RVI 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
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 national banking association validly existing
under the laws of the United States of America 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
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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, as they may
be applied in the context of the insolvency of a national banking
association, 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
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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 Mortgage Loans to the Purchaser as a sale of the
Mortgage Loans to the Purchaser in exchange for consideration
consisting of a cash amount equal to the Aggregate Purchase Price. The
consideration received by the Seller upon the sale of the Mortgage
Loans to the Purchaser will constitute reasonably equivalent value at
least equal to the fair market value of the Mortgage Loans. The Seller
will be solvent at all relevant times prior to, and will not be
rendered insolvent by, the sale of the Mortgage Loans to the
Purchaser. The Seller is not selling the 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 Mortgage
Loan.
(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
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 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 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, (i) repurchase the affected
Mortgage Loan at the applicable Purchase Price not later than the end of such
90-day period or (ii) substitute a Qualified Substitute Mortgage Loan for such
affected Mortgage Loan not later than the end of such
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90-day period (and in no event later than the second anniversary of the Closing
Date) and pay the Master Servicer for deposit into the Certificate Account, any
Substitution Shortfall Amount in connection therewith; 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 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 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 Mortgage Loan as to which there is any uncured Document Defect or
Breach, the Seller shall provide the Officer's Certificate to the Trustee
described above as to the reasons such Document Defect or Breach 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 or Breach shall materially and adversely affect the value
of such Mortgage Loan or the interests of the holders of the Certificates
therein, the Seller shall in all cases on or prior to the second anniversary of
the Closing Date either cause such Document Defect or Breach 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 or Breach 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 or substitution of one or more
Mortgage Loans contemplated hereby, upon receipt of a certificate from a
Servicing Officer certifying as to the receipt of the Purchase Price or
Substitution Shortfall Amount(s), as applicable, in the Certificate Account, and
the delivery of the Mortgage File(s) and the Servicing File(s) for the related
Qualified Substitute Mortgage Loan(s) to the Custodian and the Master Servicer,
respectively, if applicable (i) the Trustee shall execute and deliver such
endorsements and assignments as are provided to it by the Master Servicer, in
each case without recourse, representation or warranty, as shall be necessary to
vest in the Seller, the legal and beneficial ownership of each repurchased
Mortgage Loan or substituted
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Mortgage Loan, as applicable, and (ii) 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.
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 Mortgage Loans from the Seller and to transfer the 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 Mortgage Loans by the Purchaser,
the transfer of the 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.
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(e) Under GAAP and for federal income tax purposes, the Purchaser will
report the transfer of the Mortgage Loans by the Seller to the Purchaser as a
sale of the Mortgage Loans to the Purchaser in exchange for consideration
consisting of a cash amount equal to the Aggregate Purchase Price.
SECTION 5. Closing. The closing of the sale of the 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 Mortgage Loans on the Closing Date.
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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 Mortgage Loans
or omitted or omits to state therein a material fact necessary in order to make
the statements therein relating to the Mortgage Loans, in light of the
circumstances under which they were made, not misleading, 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 Mortgage Loans or omitted or omits to state therein a material
fact necessary in order to make the statements therein related to the 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
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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 Exhibit C, 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 Memorandum, any
Approved Offering Document, 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 Retained
Certificates (if offered pursuant to an Approved Offering Document), 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-Retained 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 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 and will be used to prepare the Memorandum,
any Approved Offering Document including without limitation Annex A thereto, the
Diskette, any Computational Materials and ABS Term Sheets and any items similar
to Computational Materials and ABS Term Sheets, (II) any such untrue statement
or alleged untrue statement or omission or alleged omission of a material fact
is with respect to, or arises
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out of or is based upon an untrue statement or omission of a material fact with
respect to, the information regarding the Mortgage Loans, the related
Mortgagors, the related Mortgaged Properties and/or the Seller set forth (X) in
the Memorandum and any Approved Offering Document under the headings (or
corresponding headings with respect to any Approved Offering Document): "SUMMARY
OF PPM SUPPLEMENT--THE PARTIES-The Mortgage Loan Seller", "THE MORTGAGE LOANS",
"RISK FACTORS--Certain Risk Factors Associated With the Mortgage Loans" and
"DESCRIPTION OF THE MORTGAGE POOL" and (Y) on Annex A to the Memorandum, any
Approved Offering Document and, to the extent consistent therewith, on a
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
Mortgage Loans, the related Mortgagors and/or the related Mortgaged Properties
set forth in the Data File and Annex A to the Memorandum or any Approved
Offering Document. This indemnity agreement will be in addition to any liability
which the Seller may otherwise have.
(b) For purposes of this Agreement, "Registration Statement" shall
mean such registration statement as shall be filed by the Purchaser on Form S-3,
including without limitation exhibits thereto and information incorporated
therein by reference; "Base Prospectus" shall mean the prospectus dated December
21, 1998 included as part of the Memorandum or as part of the Registration
Statement; "Prospectus Supplement" shall mean any supplement to the Base
Prospectus relating to certificates offered pursuant to the Registration
Statement; "Memorandum" shall mean the private placement memorandum dated
December 23, 1998, relating to the Non-Retained Certificates, including the PPM
Supplement (the "PPM Supplement") and the Base Prospectus; "Retained
Certificates" shall mean the Class A-1, Class A-2, Class IO-1, Class B, Class C,
Class D and Class E; "Non-Retained Certificates" shall mean the Certificates
other than the Retained Certificates; "Approved Offering Document" shall mean
the Base Prospectus as supplemented by a Prospectus Supplement pursuant to which
the Retained Certificates are offered to the public, as may be approved by the
Seller; "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
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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 or compact disc attached to the Memorandum and any Approved Offering
Document; and "Data File" shall mean the compilation of information and data
regarding the Mortgage Loans covered by the Agreed Upon Procedures Letter dated
December 23, 1998 and rendered by Deloitte & Touche LLP (a "hard copy" of which
Data File was initialed on behalf of the Seller and the Purchaser).
(c) 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
13
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).
(d) 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.
(e) 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.
(f) 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.
14
(g) 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 following amounts: (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 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 Mortgage Loans by the Seller to the Purchaser
as provided in Section 2 hereof be, and be construed as, a sale of the Mortgage
Loans by the Seller to the Purchaser and not as a pledge of the 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 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
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 Mortgage Loans, and all amounts payable to the holder of the 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
15
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 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 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
16
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.
17
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
------
FIRST UNION NATIONAL BANK
By: /s/ XXXXX XXXXXX
---------------------
Name: Xxxxx Xxxxxx
Title: Senior Vice President
Address for Notices:
One First Union Center
000 Xxxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000-0000
Attention: Xxxxx Xxxxxx
Telecopier No.: (000)000-0000
Telephone No.: (000)000-0000
PURCHASER
FIRST UNION COMMERCIAL
MORTGAGE SECURITIES, INC.
By: /s/ XXXXX XXXXXXXXX
---------------------
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
18
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
1
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) 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 the Mortgagor's ability to pay its
obligations under the Mortgage Loan as they become due, 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, 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 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 or 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 notice of
termination or cancellation with respect to any such insurance
3
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 constitutes a "qualified mortgage" within
the meaning of Section 860G(a)(3) of the Internal Revenue Code of 1986, as
amended (the "Code"). For
4
this purpose, Section 860G(a)(3) of the Code shall be applied without regard to
the rule contained in Treasury Regulations Section 1.860G-2(f)(2) which treats a
defective mortgage loan as a "qualified mortgage" under certain circumstances.
Accordingly, the Seller represents and warrants that each Mortgage Loan is
directly secured by a Mortgage on a commercial property or a multifamily
residential property, and either (1) substantially all of the proceeds of such
Mortgage Loan were used to acquire, improve or protect the portion of such
commercial or multifamily residential property that consists of an interest in
real property (within the meaning of Treasury Regulations Sections 1.856-3(c)
and 1.856-3(d)) and such interest in real property was the only security for
such Mortgage Loan as of the Testing Date (as defined below), or (2) the fair
market value of the interest in real property which secures such Mortgage Loan
was at least equal to 80% of the principal amount of the Mortgage Loan (a) as of
the Testing Date, or (b) as of the Closing Date. For purposes of the previous
sentence, (1) the fair market value of the referenced interest in real property
shall first be reduced by (a) the amount of any lien on such interest in real
property that is senior to the Mortgage Loan, and (b) a proportionate amount of
any lien on such interest in real property that is on a parity with the Mortgage
Loan, and (2) the "Testing Date" shall be the date on which the referenced
Mortgage Loan was originated unless (a) such Mortgage Loan was modified after
the date of its origination in a manner that would cause a "significant
modification" of such Mortgage Loan within the meaning of Treasury Regulations
Section 1.1001-3(b), and (b) such "significant modification" did not occur at a
time when such Mortgage Loan was in default or when default with respect to such
Mortgage Loan was reasonably foreseeable. However, if the referenced Mortgage
Loan has been subjected to a "significant modification" after the date of its
origination and at a time when such Mortgage Loan was not in default or when
default with respect to such Mortgage Loan was not reasonably foreseeable, the
Testing Date shall be the date upon which the latest such "significant
modification" occurred;
(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 and has received no notice of
any material and adverse environmental condition or circumstance affecting such
Mortgaged Property that was not disclosed in such report(s);
5
(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, as of
the date of origination and to the actual knowledge of the Seller as of the
Cut-Off Date, 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) Such Mortgage Loan does not provide for negative amortization;
(xxv) Except for the Mortgage Loans listed in Exhibit I-XXV, attached
hereto (all of which are eligible to receive low-income housing tax credits
pursuant to Section 42 of the Internal Revenue Code of 1986), 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 encumbered in connection with subordinate
financing by a lien or security interest against the related Mortgaged Property;
provided, however, the Mortgage Loans listed in Exhibit I-XXVI hereto, are
encumbered by subordinated debt;
(xxvii) None of the Mortgage Loans permit one or more transfers of the
related Mortgaged Property to a person or entity without (A) the satisfaction of
certain criteria (including criteria related to bankruptcy remoteness and
property management experience) specified in the related Mortgage, and (B)
without the ability to accelerate the payment of the unpaid principal balance of
such Mortgage Loan if any related Mortgaged
6
Property or interest therein is directly or indirectly transferred or sold
without the prior written consent of the mortgagee, 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;
(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) 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 and has no actual knowledge
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;
7
(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 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 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;
8
(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;
(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 material licenses,
permits and authorizations then required for use of the related Mortgaged
Property, which were valid and in full force and effect;
(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; and
(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 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;
(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
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
10
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) 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) 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
(M) The terms of the related Ground Lease have not been waived,
modified, altered, satisfied, impaired, canceled, subordinated or rescinded
in any manner which
11
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) 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 the Mortgage 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) 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
material 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) Each property related to a Credit Lease Loan is a separate tax
lot;
14
(H) The related Tenant has agreed to indemnify the Mortgagor from any
claims of any nature (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) The 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) 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, surety value 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
EXCEPTION EXHIBITS
GENERAL REPS
EXHIBIT I-XVI
CONTROL
NUMBER PROPERTY NAME
10000 1021/1101/1103-1137/1200 Xxxxxxxx; 1200 Xxxxxxx
10003 000-000 Xxxxxxx Xxxxxx
10004 415-417 Xxxxx; 527-529 Fairfax
10019 Royal Palms
20007 CVS/Revco Drugstore
00000 Xxxxxxx Xxxx Xxxx
00000 Xxxxxxx Market Shopping Center
20037 Xx. Xxxxx Xxxxxxx
00000 Xxxxxxxxxx Xxxxxxxx Xxxxxxx
9821000 Arrowhead Apartments
9821001 Brookstone Manor
9821002 Boca Winds
9821003 Xxxxx Gardens
9821004 Xxxxxxxxx Xxxxx
0000000 Saddle Club
9821007 Convent Ave.
9821009 Xxxxx Manor Associates
9821011 Hilltop Apartments
9821013 Azalea Apartments
9821014 Signal Hill Apartments
9821015 English Garden Apartments
9821020 Santa Xxxxxxx Apartments
9821021 Villa East
9821022 Xxxxxxxxxxx
9821023 Xxxxxx Arms
9821024 Granville Apts.
0000000 Xxxxxx Xxxx
9821026 2420 Roswell
9821027 Abbey Apts.
9821028 Silver Blue Lake
9821029 Spanish Oaks
9821030 Xxxxxx Xxxxx
0000000 The Pines at Carolina Place Apartments
9821034 Moorings Apartments
9821037 Silver Hill Apartments
9821038 Thrippence
9821039 Cohannet Village
9821040 Westgate Apartments
9821041 112, 114, 116,120 Strawberry Hill Road
9821045 Sand Cove Apartments
9821046 Kirnwood
9821048 Gardenwood
9821049 Xxxxxxxx
9821050 The Xxxxxxx at Indian Creek
9821051 Xxxxxx Xxxxx Xxxxxxxxxx
0000000 Xxxxx Xxxx Xxxxxxx
9821053 Lakeview Townhomes
9821054 Fox Run
9821056 Xxxx Village
9821058 103 Xxxxxxxx
9821059 Vista Xxxxxx Apartments
9821060 Vintage Square Apartments
9821061 Naples Place
9821062 Gardena West Partnership
9821063 Xxxxxxxxx Xxxxxxx
0000000 The Lenox
9821065 Park South Apartments
9821066 Southern Pines
9821067 Park Lee Apartments
9821068 The Landings
9821069 Scarborough Mews
9821071 Arbor Apartments
9821072 825 & 000 Xxxxxxxxx Xxxxxx
9821074 Hilltop House Apartments
9821075 Xxxxxxxx North & South Apartments
9821076 Vandermere Mobile Home Park
9821081 Southampton Apartments
9821082 Salem Pines Apartments
GENERAL REPS
EXHIBIT I-XVI
CONTROL
NUMBER PROPERTY NAME
9821097 Forest Towers
9821098 Park Regency Apartments
9821099 Harbour Key Apartments
9821100 Royal Palm Key Apartments
9821101 Coral Key Apartments
9821102 Planters Crossing
9821107 Sprucemont Apartments
9821109 Birchwood Apartments
9821111 Hamiltonian Gardens
9821112 Woodbine Gardens
9821115 Xxxxxxxxx Xxxxxxx Xxxxxxxxxx
0000000 Xxxxxxx Xxxx Xxxxxxx
9821122 Xxxxxx Ridge/Xxxxxx Arms
9821124 Briarwood
9821125 Deville
9821126 The Highlands
9821130 Shelbourne Towers
9821133 Coopers Pond Apts.
9821142 Timber Trails
9821143 Turtle Creek Apts.
9821144 000 Xxxx 00xx Xxxxxx
9821145 Turnberry Towers
9821146 Dutch Village Apartments
9821149 Greenlawn Apartments
9821150 New Meadowbrook Village
9821151 Ridgewood Apartments
9821152 Elms Apartment House
9821154 Westgrove Apartments
9821155 Castilian Lake Park Apartments
9821156 00 Xxxxxxxx Xxxxxx
9822000 Xxxxxx Manor
9822001 Xxxxxxxx Xxxxxxx
0000000 Hickory Manor
9822004 Xxxx Memorial Nursing Home
9822005 Ashwood Place
9822007 Xxxxxx Xxxxxxx Xxxxxxxx
0000000 XxxxxXxxx Xxx / Xxxxxx
9822014 Xxxxxxxx Xxxxxxx Xxx
0000000 Xxxxx Xxxxx Crossing Shopping Center / Park Lane Village
9822016 Cabin Xxxx Mall and Shopping Center
9822017 Tower Plaza
9822018 Chapel Trail Commerce Center
9822026 Sack And Save Grocery
9822029 Xxxxxx Crossing Shopping Center
9822030 Inland Empire Center
9822031 Xxxxxx Square Shopping Center
9822032 Gateway Shopping Center
9822033 Prince George's Metro Center
9822034 Fairfield Inn by Marriott-East
9822035 The Money Store
9822036 Best Buy store # 545
9822037 McAllen Embassy Suites
9822038 Holiday Inn Express
9822039 Redwood Heights
9822041 The Crossings at Xxxxx Mill
9822042 Xxxxxxx Mall
9822043 Woodmont Corner
9822044 0000 Xxxxxxxx Xxxxxx Xxxxxxxx
0000000 Xxxxxx Xxxxxx Shoppes
9822046 000 Xxxxxx Xxxxxx
9822047 Comcast Data Center
9822048 Abercorn Street Building
9822049 Holiday Inn - Bethlehem
9822050 Bethlehem Xxxxxxx Xxx & Xxxxx
0000000 Xxxxxxxx Xxxxx Shoppes
9822053 La Cresta Shopping Center/Self Storage
9822056 Grandview Plaza
9822058 Oak Xxxxx Nursing & Rehab Center
GENERAL REPS
EXHIBIT I-XVI
CONTROL
NUMBER PROPERTY NAME
9822059 EZ8 Motel (Good Nite Inn)
9822060 48th Executive Court
0000000 Xxxxxxx Xxxxx
9822062 0000 Xxxxxx Xxxxxx
9822063 Fresh Warehousing
9822064 0 Xxxxxxxxx Xxxx
9822065 Centre at Woodstock
9822066 Lake Placid Inn & Conference Center
9822067 Fairfield Inn - Xxxxxxx
9822068 The Millenium Building
9822069 Eckerd Drugstore
9822070 Comfort Inn Max Xxxxxxx
9822072 0000 X. Xx. Xxxxxxx Xxxxxx
9822074 Southeastern Eye Center Roll Up
9822075 Valley East Plaza
9822078 Warner Self Storage
9822079 F & W Office Park - Bldg. F
9822080 Hampton Inn Miami Airport West
9822082 Ramada Limited Biloxi
9822083 Hampton Inn-Airport
9822085 Briarwood Healthcare Center
9822087 New Brighton Manor
9822089 Best Western Inn at Chimney Hill
9822090 8578 Santa Xxxxxx Blvd
9822092 Piggly Wiggly
9822120 Best Western Mayfair Hotel
9822122 Gateway Plaza-Las Vegas
9822123 Bennington Square Shopping Center
9822124 Xxxxxx Center
9822126 Colonial Health Care and Southdale Health Care Centers
9822127 One Capital City Plaza
9822128 Leesburg Plaza Shopping Center
9822131 Best Western Staunton Inn
9822132 Best Western Inn @ Valley View
9822133 Comfort Inn - Lexington
9822134 Comfort Inn Troutville
9822140 Days Inn Oceanside
9822141 Holiday Inn Express
9822143 Best Western Inn @ Xxxx Ridge
9822145 Xxxxx Mini Storage
9822146 Panama City Square Shopping Center
9822147 Stratford Square Shopping Center
9822149 Dyersburg Mall
9822150 Madison Square Shopping Center
9822152 Natchez Mall
9822156 Town West Plaza
9822167 Chesapeake Station
9822174 Michigan Marketplace
9822176 Shoppes at Home Depot
9822183 Rainbow Express Village Center
9822185 Sun Center
9822187 Days Inn Central
9822188 Holiday Inn Rocky Mount
9822189 4600 N. Harlem
9822191 Grass Valley Shopping Center
9822192 Grandview Plaza Office Building
GENERAL REPS
EXHIBIT I-XXV
CONTROL
NUMBER PROPERTY NAME
9821042 Ashton Pointe/Evergreen
9821016 Little Xxxxx Creek
9821044 Ashton Pines/Sugar Mill
9821012 Knollwood Apartments
9821018 Xxxxxxxxx Pines
9821010 Greenridge Apartments
GENERAL REPS
EXHIBIT I-XXVI
CONTROL
NUMBER PROPERTY NAME
9821068 The Landings
GENERAL REPS
EXHIBIT I-XLII
CONTROL
NUMBER PROPERTY NAME ENGIN DATE
9821068 The Landings
20025 Xxxxxxx Xxxxxx Xxxxxxxx Xxxxxx
00000 Xxxxxxxx Xxxxxxxx Pines Pines Boulevard
9821006 Clarinbridge
9821010 Greenridge Apartments
9821012 Knollwood Apartments
9821016 Little Xxxxx Creek
0000000 Xxxxxx Xxxxx
9821042 Ashton Pointe/Evergreen
9821044 Ashton Pines/Sugar Mill
9821046 Kirnwood
9821109 Birchwood Apartments
9821142 Timber Trails
9822047 Comcast Data Center
9822069 Eckerd Drugstore
9823000 CVS Waltham Main
9823009 Rite Aid Dover
9823010 Rite Aid Littleton
9823012 Rite Aid Louisville - Xxxxxx & Bluegrass
9823026 Rite Aid - Citrus Heights
9823028 Rite Aid - Portland
9823033 CVS York Richland
9823035 Xxxxxxx Supermarket - Teaneck
9823082 Rite Aid Norfolk
9823094 Eckerd Pompano Sample
9823097 IHOP Douglasville Xxxxxxx Blvd
9823101 CVS Rochester Xxxxxxxxx
9823109 Rite Aid - Xxxxx Highway, Lousiville
9823114 Rite Aid Battle Creek
9823115 Rite Aid Saginaw Genesee
9821031 The Pines at Carolina Place Apartments
The above Loans are either newly constructed or have been substantially
renovated in the last 18 months.
9823118 Sears Union Center Island N/A
An engineering report was not necessitated in connection with this Loan because
First Union financed the ground lessor's interest in the fee and not the
improvements thereon.
9822032 Gateway Shopping Center 2/24/97
9821018 Xxxxxxxxx Pines 3/15/96
EXHIBIT IV-B
CONTROL
NUMBER PROPERTY NAME
9823033 CVS York Richland
9823098 Bunzl Hicksville Xxxxx
9823099 CVS Columbia Sparkleberry
9823102 Lowes Hattiesburg Xxxxxxxxxx
9823114 Rite Aid Battle Creek
9823115 Rite Aid Saginaw Genesee
9823113 Eckerd - Charlotte - Harris Blvd
30092 Walgreen Pembroke Pines Pines Boulevard
9823000 CVS Waltham Main
9823030 Walgreens Ft Worth
9823031 Walgreen Jacksonville St Augustine
9823032 Walgreen Melbourne Xxxxxxx
9823094 Eckerd Pompano Sample
9823101 CVS Rochester Xxxxxxxxx
9823121 Walgreen Hialeah 0xx Xxx
00000 Xxxxx Xxxxxxxxxx
EXHIBIT IV-C
CONTROL
NUMBER PROPERTY NAME
9823033 CVS York Richland
9823035 Xxxxxxx Supermarket - Teaneck
9823098 Bunzl Hicksville Xxxxx
9823099 CVS Columbia Sparkleberry
9823102 Lowes Hattiesburg Xxxxxxxxxx
9823114 Rite Aid Battle Creek
9823115 Rite Aid Saginaw Genesee
9823113 Eckerd - Charlotte - Harris Blvd
30092 Walgreen Pembroke Pines Pines Boulevard
9823000 CVS Waltham Main
9823030 Walgreens Ft Worth
9823031 Walgreen Jacksonville St Augustine
9823032 Walgreen Melbourne Xxxxxxx
9823094 Eckerd Pompano Sample
9823101 CVS Rochester Xxxxxxxxx
9823121 Walgreen Hialeah 0xx Xxx
00000 Xxxxx Xxxxxxxxxx
9823097 IHOP Douglasville Xxxxxxx Blvd
9823118 Sears Union Center Island
EXHIBIT IV-D
CONTROL
NUMBER PROPERTY NAME
9823033 CVS York Richland
9823035 Xxxxxxx Supermarket - Teaneck
9823098 Bunzl Hicksville Xxxxx
9823099 CVS Columbia Sparkleberry
9823102 Lowes Hattiesburg Xxxxxxxxxx
9823114 Rite Aid Battle Creek
9823115 Rite Aid Saginaw Genesee
9823113 Eckerd - Charlotte - Harris Blvd
30092 Walgreen Pembroke Pines Pines Boulevard
9823000 CVS Waltham Main
9823030 Walgreens Ft Worth
9823031 Walgreen Jacksonville St Augustine
9823032 Walgreen Melbourne Xxxxxxx
9823094 Eckerd Pompano Sample
9823101 CVS Rochester Xxxxxxxxx
9823121 Walgreen Hialeah 0xx Xxx
00000 Xxxxx Xxxxxxxxxx
9823097 IHOP Douglasville Xxxxxxx Blvd
9823118 Sears Union Center Island
DEALS WITH RVI
CONTROL
NUMBER PROPERTY NAME HAVE RVI BALLOON AMOUNT
9823009 Rite Aid Dover Y 810,000.00
9823010 Rite Aid Littleton Y 974,998.06
9823012 Rite Aid Louisville - Xxxxxx & Bluegrass Y 719,996.36
9823026 Rite Aid - Citrus Heights Y 1,577,999.59
9823028 Rite Aid - Portland Y 804,999.14
9823035 Xxxxxxx Supermarket - Teaneck Y 2,895,819.00
9823042 Motel 6 1118 Austin AP Y 1,938,020.12
9823054 Motel 6 1261 Houston - Spring Y 1,132,852.34
9823069 Motel 6 1273 Portland Y 1,522,953.01
9823072 Motel 6 352 Rapid City Y 1,132,852.34
9823074 Xxxxx 0 000 Xxx Xxxxxxx (X) Y 864,463.08
9823076 Motel 6 000 Xxxxx Xxxxxxxxx Y 1,089,161.07
9823082 Rite Aid Norfolk Y 969,498.36
9823098 Bunzl Hicksville Xxxxx Y 2,103,921.00
9823109 Rite Aid - Xxxxx Highway, Lousiville Y 909,999.05
30092 Walgreen Pembroke Pines Pines Boulevard Y 811,888.11
9823094 Eckerd Pompano Sample Y 657,631.62
9823121 Walgreen Hialeah 4th Ave Y 777,284.74
30013 Lowe's Y 3,657,407.47
EXHIBIT IV-L
CONTROL LEASE GUARANTOR -
NUMBER PROPERTY NAME CTL ONLY
9823009 Rite Aid Dover Rite Aid Corp.
9823010 Rite Aid Littleton Rite Aid Corp.
9823012 Rite Aid Louisville - Xxxxxx & Bluegrass Rite Aid Corp.
9823026 Rite Aid - Citrus Heights Rite Aid Corp.
9823028 Rite Aid - Portland Rite Aid Corp.
9823033 CVS York Richland CVS Corp.
9823035 Xxxxxxx Supermarket - Teaneck A-Hold
9823042 Motel 6 1118 Austin AP Accor SA
9823054 Motel 6 1261 Houston - Spring Accor SA
9823069 Motel 6 1273 Portland Accor SA
9823072 Motel 6 352 Rapid City Accor SA
9823074 Motel 6 134 San Antonio (N) Accor SA
9823076 Motel 6 000 Xxxxx Xxxxxxxxx Accor SA
9823082 Rite Aid Norfolk Rite Aid Corp.
9823098 Bunzl Hicksville Xxxxx Bunzl USA, Inc.
9823099 CVS Columbia Sparkleberry CVS Corp.
9823102 Lowes Hattiesburg Xxxxxxxxxx Xxxx'x Companies, Inc
9823109 Rite Aid - Dixie Highway, Lousiville Rite Aid Corp.
9823114 Rite Aid Battle Creek Rite Aid Corp.
9823115 Rite Aid Saginaw Genesee Rite Aid Corp.
9823000 CVS Waltham Main CVS Corp
9823101 CVS Rochester Xxxxxxxxx CVS Corporation
00000 Xxxxx Xxxxxxxxxx Xxxx'x Companies, Inc
9823097 IHOP Douglasville Xxxxxxx Blvd IHOP Corp
9823118 Sears Union Center Island Sears, Xxxxxxx and Co.
Exhibit A
Mortgage Loan Schedule
Control
Number Property Name Address
==============================================================================================================================
10000 1021/1101/1103-1137/1200 Xxxxxxxx; 1200 Xxxxxxx 1021/1101/1103-1137/1200 Xxxxxxxx; 1200 Xxxxxxx
10003 000-000 Xxxxxxx Xxxxxx 000-000 Xxxxxxx Xxxxxx
10004 415-417 Xxxxx; 527-529 Fairfax 415-417 Xxxxx; 527-529 Fairfax
10019 Royal Palms 00000 Xxxxx Xxxx Xxxx
20007 CVS/Revco Drugstore Xxxx Xxxx Xxxxxx
00000 Xxxxxxx Xxxx West 7738-7853 N.W. 44th St
20025 Midtown Market Shopping Center 000 Xxxxxxx Xx.
00000 Xx. Xxxxx Xxxxxxx 00000 Xxxxx Xxxx
00000 Xxxxxxxxxx Shopping Village 0000 Xxxxxxxxx Xx.
00000 Lowe's Queensbury NEC of Bay & Xxxxxx Xxxxx
00000 Xxxxxxxx Xxxxxxxx Xxxxx Xxxxx Xxxxxxxxx 00000 Xxxxx Xxxxxxxxx
9821000 Arrowhead Apartments 0000 Xxxxxxxxx Xxxxx
9821001 Brookstone Manor 000 Xxx Xxxxxx
0000000 Xxxx Xxxxx 000 X.X. 00xx Xxxxxx
9821003 Xxxxx Gardens 0000 Xxxxxx Xxxx Xxxxx
0000000 Xxxxxxxxx Xxxxx 0000 Xxx Xxxxxxx Xxxx
9821005 Saddle Club 0000 Xxxxx Xxxx Xxxxxx
9821006 Clarinbridge 000 Xxxxx Xxxxx Xxxxxxxxx
9821007 Convent Ave. 00-000 Xxxxxxx Xxxxxx
0000000 Xxxxx Manor Associates 0000 Xxxxxx Xxxxxx
9821010 Greenridge Apartments 0000 Xxxxxxx 00 Xxxxx
9821011 Hilltop Apartments 000-000 Xxxxxxx Xxxxxx, XX
0000000 Knollwood Apartments 000 Xxx Xxxx Xxxx
9821013 Azalea Apartments 000 Xxxxx Xxxxxxxxx Xxxx
9821014 Signal Hill Apartments 138-102 Signal Hill Drive
9821015 English Garden Apartments 000 Xxxx Xxxxxxxxx Xxxx
0000000 Xxxxxx Xxxxx Xxxxx 00 Xxxx Xxxxx Xxxxxx
0000000 Xxxxxxxxx Xxxxx 0000 Xxxxxxxxx Xxxxxx
9821020 Santa Xxxxxxx Apartments 9955 Club Creek
9821021 Villa East 0000 Xxxxxxx Xxxx Xxxxx
9821022 Xxxxxxxxxxx 0000 Xxxxxx Xxxxx
9821023 Xxxxxx Arms 0000 Xxxxxxx Xxxx
0000000 Xxxxxxxxx Xxxx. 0000 X. Xxxxxx Xxxxx
0000000 Xxxxxx Xxxx 0000 Xxxxxx Xxxx
9821026 2420 Roswell 0000 Xxxxxxx Xxxxxx
0000000 Xxxxx Xxxx. 0000 Xxxxx Xxxxx
9821028 Silver Blue Lake 1301 - 0000 XX 000xx Xxxxxx
9821029 Spanish Oaks 0000 Xxxxxxxxx Xxxxxxxxxx
0000000 Xxxxxx Xxxxx 0000 00xx Xxxxxx, XX
9821031 The Pines at Carolina Place Apartments 12600 Windy Pines Way
9821034 Moorings Apartments 000 Xxxx Xxxxx Xxxx
0000000 Xxxxxx Xxxx Apartments 0000 Xxxxxx Xxxx Xxxx
9821038 Thrippence 0000 Xxxxxxxx Xxxxxx
0000000 Xxxxxxxx Xxxxxxx 000 - 000 Xxxxxxxx Xxxxxx
9821040 Westgate Apartments 000 Xxxxxxxxxxxxx Xxxx
9821041 112, 114, 000,000 Xxxxxxxxxx Xxxx Xxxx 000-000-000 Strawberry Hill Road
9821042 Ashton Pointe/Evergreen 400 Plaza Trace
9821044 Xxxxxx Xxxxx/Xxxxx Xxxx 000 Xxxxxxxx Xxxx
9821045 Sand Cove Apartments 0000 Xxxx Xxxx
9821046 Kirnwood 0000 Xxxxxx Xxxxx Xxxxx
9821048 Gardenwood 0000 Xxxxxx Xxxx Xxxxxxxxx
0000000 Xxxxxxxx (5) 0000 Xxx Xxxxxxxxx Xxxxxx
9821050 The Xxxxxxx at Indian Creek 000 Xxxxx Xxxxx
Remaining
Term to
Control Cut-Off Date Monthly Mortgage Maturity Maturity
Number City State Zip Code Balance ($) Debt Service Rate (%) (Mos.) Date
===================================================================================================================================
10000 Xxxxxxx XX 00000 2,325,807.83 15,291.75 6.875% 119 11/01/08
10003 Xxxxxxx XX 00000 854,378.38 5,617.38 6.875% 119 11/01/08
10004 Xxxxxxx XX 00000 1,234,102.11 8,113.99 6.875% 119 11/01/08
10019 Xxxx Xxxxxx XX 00000 3,444,718.22 22,422.52 6.770% 118 10/01/08
20007 Xxx Xxxxx XX 00000 1,123,217.57 7,203.50 6.625% 118 10/01/08
20022 Xxxxxxx XX 00000 11,748,176.20 78,339.37 7.000% 117 09/01/08
20025 Xxxxxx Xxxx XX 00000 2,797,758.66 18,854.67 7.120% 179 11/01/13
20037 Xxxxxxxxxxxx XX 00000 3,577,531.34 31,981.62 6.813% 118 10/01/08
20042 Xxxxxxxx XX 00000 10,186,378.87 68,871.13 6.500% 119 11/01/08
30013 Xxxxxxxxxx XX 00000 11,649,157.48 84,757.90 7.125% 236 08/01/18
30092 Xxxxxxxx Xxxxx XX 00000 2,734,176.86 18,909.76 6.500% 234 06/01/18
9821000 Xxxxxxxxx XX 00000 6,969,355.30 46,665.24 7.020% 114 6/1/08
9821001 Xxxxxxx XX 00000 2,865,284.01 19,064.10 6.950% 113 5/1/08
9821002 Xxxx Xxxxx XX 00000 2,487,225.71 16,548.70 6.950% 113 5/1/08
9821003 Ft. Xxxxx XX 00000 3,939,765.49 26,213.14 6.950% 113 5/1/08
9821004 Xxxxx XX 00000 6,925,135.27 46,445.37 7.030% 113 5/1/08
9821005 Xxxxx XX 00000 16,788,773.52 111,703.71 6.950% 113 5/1/08
9821006 Xxxxxxxx XX 00000 19,500,000.05 113,425.00 6.980% 174 6/1/13
9821007 Xxx Xxxx XX 00000 796,208.60 5,457.41 7.250% 113 5/1/08
9821009 Xxxxxxxxxxxx XX 00000 3,883,537.98 26,393.58 7.170% 114 6/1/08
9821010 Xxxxxxxxxx XX 00000 3,066,316.05 23,410.23 8.375% 353 5/1/28
9821011 Xxxxxxxxxx XX 00000 1,987,968.37 14,001.60 7.250% 113 5/1/08
9821012 Xxxxxx XX 00000 1,268,337.23 9,578.65 8.250% 292 4/1/23
9821013 Xxxxxxxxx XX 00000 1,133,853.34 8,078.49 7.000% 293 5/1/23
9821014 Xxxxxxxxxxx XX 00000 2,975,993.03 21,203.38 7.000% 293 5/1/23
9821015 Xxxxxxxxx XX 00000 1,922,491.51 13,697.38 7.000% 293 5/1/23
9821016 Xxxxxxxxxx XX 00000 1,302,330.41 9,949.35 8.375% 292 4/1/23
9821018 Xxxxxxx XX 00000 1,621,789.78 13,835.65 9.125% 293 5/1/23
9821020 Xxxxxxx XX 00000 1,788,094.10 13,010.52 7.250% 114 6/1/08
9821021 Xxxxxxxxx XX 00000 2,389,968.39 16,307.17 7.210% 174 6/1/13
9821022 Xxxxxxxxx XX 00000 1,481,780.43 10,110.44 7.210% 174 6/1/13
9821023 Xxxxxxxxx XX 00000 764,789.91 5,218.29 7.210% 174 6/1/13
9821024 Xxxxxxxxx XX 00000 2,931,694.57 20,003.46 7.210% 174 6/1/13
9821025 Xxxxxxxxx XX 00000 4,033,071.71 27,518.34 7.210% 174 6/1/13
9821026 Xxxxxxxxx XX 00000 1,361,397.75 9,281.50 7.210% 175 7/1/13
9821027 Xxxxxxxxx XX 00000 3,469,437.47 23,672.57 7.210% 174 6/1/13
9821028 Xxxxx XX 00000 3,829,086.01 26,229.68 7.250% 114 6/1/08
9821029 Xxxxxxxxxxxx XX 00000 3,545,046.54 24,140.77 7.190% 114 6/1/08
9821030 Xxxxxxxxxx XX 00000 4,978,661.51 33,685.93 7.125% 114 6/1/08
9821031 Xxxxxxxxx XX 00000 5,672,117.91 38,401.96 7.125% 173 5/1/13
9821034 Xxxxxxx XX 00000 8,263,664.14 55,331.64 7.020% 114 6/1/08
9821037 Xxxxxxxx XX 00000 4,180,095.23 28,651.40 7.250% 113 5/1/08
9821038 Xxxxxxxxxxx XX 00000 2,239,080.87 15,595.38 7.420% 114 6/1/08
9821039 Xxxxxxx XX 00000 2,549,074.74 17,247.19 7.125% 174 6/1/13
9821040 Xxxxxxxxxxxxx XX 00000 2,845,305.05 19,251.51 7.125% 174 6/1/13
9821041 Xxxxxxxx XX 00000 3,587,995.99 24,558.35 7.250% 115 7/1/08
9821042 Xxxxxx XX 00000 988,533.60 7,825.33 8.780% 354 6/1/28
9821044 Xx. Xxxx'x XX 00000 1,345,130.84 10,500.16 8.625% 354 6/1/28
9821045 Xx. Xxxxxxxxxx XX 00000 2,730,260.34 18,229.29 7.000% 115 7/1/08
9821046 Xxxxxx XX 00000 4,140,244.11 31,909.91 8.500% 211 7/1/16
9821048 Xxxxxxx XX 00000 15,500,000.00 88,802.08 6.875% 115 7/1/08
9821049 Xxxxxxxxxx XX 00000 16,336,417.51 105,282.24 6.650% 115 7/1/08
9821050 Xxxxxx XX 00000 13,150,062.23 85,614.95 6.750% 115 7/1/08
Control
Number Property Name Address
==========================================================================================================================
9821051 Pointe North Apartments 0000 Xxxxxxx Xxxx
0000000 Xxxxx Xxxx Xxxxxxx 0000 Xxxxxxxx Xxxx
9821053 Lakeview Townhomes 0000 Xxxxxx Xxxxxx
9821054 Fox Run 0000 Xxxxx X.X. Xxxx
0000000 Xxxx Village 000 XX Xxxx Xxx
0000000 Xxxxxx Xxxxxx 000 Xxxxxx Xxxxxx
9821058 103 Xxxxxxxx 000 Xxxxxxxx Xxxxxx
9821059 Vista Xxxxxx Apartments 0000 Xxxxx Xx Xxxx
9821060 Vintage Square Apartments 0000 Xxxxxxxxx Xxxx
9821061 Naples Place 0000-0000 Xxxxxxxx Xxxx.
9821062 Gardena West Partnership 1261 - 0000 X. Xxxxxxxxx Xxx.
0000000 Xxxxxxxxx Xxxxxxx 00 Xxxxx Xxxx
9821064 The Lenox 0000 Xxxxxxx Xxxx
0000000 Xxxx Xxxxx Xxxxxxxxxx Xxxx Xxxxx Xxxxxxxxx
9821066 Southern Pines 00000 Xx. Xxxxxxx Xx.
9821067 Park Lee Apartments 0000 Xxxx Xxxxxxxx Xxxxxx
9821068 Xxx Xxxxxxxx 000-000 Xxxxxx Xxxxxx
9821069 Scarborough Mews 0xx & Xxxxxx Xxxxxxx
0000000 Xxxxx Xxxxxxxxxx 0000 Xxxxxxxxx 00xx Xxxxx
9821072 825 & 000 Xxxxxxxxx Xxxxxx 825 & 835 Wisconsin Avenue
9821074 Xxxxxxx Xxxxx Xxxxxxxxxx 0000 X. Xxxxx Xxxxxx
9821075 Xxxxxxxx North & South Apartments 1201-1203,1225 X. Xxxxxx Street
9821076 Vandermere Mobile Home Park Old Pactolus Road
9821081 Southampton Apartments 0000 Xxxxxxxxx Xxxx
0000000 Xxxxx Xxxxx Apartments 0000 Xxxx Xxxxxxxx Xxxxxx
9821097 Forest Towers 3500 and 3550 Washington
9821098 Park Regency Apartments 000 Xxx Xxxxxxxxx Xxxxxx
9821099 Harbour Key Apartments 0000 Xxxxxx Xxxxxx
0000000 Xxxxx Xxxx Xxx Apartments 1401 Village Boulevard
9821101 Coral Key Apartments 0000 Xxxxxxxx Xxxxx Xxxxx
9821102 Planters Crossing 0000 Xxxxx Xx.
9821103 Rochester Apartments 00000 Xxxxxxxxx Xxxxxx
9821104 00000 Xxxxx Xxxxxx 00000 Xxxxx Avenue
9821105 Xxx Xxxxxxx Xxxxxxxxx Xxxxxxxx 00000 Xxxxxx Xxx.
9821107 Sprucemont Apartments 000 Xxxxx 00xx Xx.
9821109 Birchwood Apartments 4829 Coles Manor Place
9821111 Hamiltonian Gardens Warrenville Road
9821112 Xxxxxxxx Xxxxxxx 0 Xxxxxxxx Xxxx
9821115 Tennessee Village Apartments 0000 Xxxxxxxxx Xxxxxx
0000000 Xxxxxxx Xxxx Xxxxxxx 000 Xxxx 00xx Xxxxxx
9821122 Xxxxxx Ridge/Xxxxxx Arms Roll-Up 1607 Route 00/000-000 Xxxxxx Xxx.
9821122.1 Butler Arms 000-000 Xxxxxx Xxxxxx
9821122.2 Xxxxxx Ridge 1607 Route 23
9821124 Briarwood 0000 Xxxxxxxxx Xxxx
9821125 Deville 0000 Xxxxxxx Xxxx
9821126 The Highlands 0000 Xxxx Xxxxxx
0000000 Xxxxxxxxxx Towers 000 Xxxxxxxxx Xxxxxx
9821133 Coopers Pond Apts. 000 Xxxxxxxxxxx Xxxxx
9821142 Timber Trails 0000 Xxxxxxxx Xxxxxx
9821143 Turtle Creek Apts. 000 Xxxxxxxx Xxx
9821144 000 Xxxx 00xx Xxxxxx 321 East 22nd Street
9821145 Turnberry Towers 0000 Xxxxx Xxxxxx
9821146 Dutch Village Apartments 0000 Xxxxxxx Xxxxx Xx.
Remaining
Term to
Control Cut-Off Date Monthly Mortgage Maturity Maturity
Number City State Zip Code Balance ($) Debt Service Rate (%) (Mos.) Date
===================================================================================================================================
9821051 Xxxxxxxxx XX 00000 12,751,575.48 83,020.56 6.750% 115 7/1/08
9821052 Xxx Xxxxxxx XX 00000 3,308,228.46 22,110.34 7.010% 115 7/1/08
9821053 Xxxxxxx Xxxxx XX 00000 2,949,478.36 19,692.95 7.000% 115 7/1/08
9821054 Xxxxx XX 00000 2,092,554.12 13,985.46 7.010% 115 7/1/08
9821056 Xxxxxxx XX 00000 1,097,564.17 7,410.90 7.125% 117 9/1/08
9821057 Xxxxxxxx XX 00000 8,471,189.59 55,838.95 6.875% 296 8/1/23
9821058 Xxxxxx XX 00000 1,979,214.93 13,206.25 7.000% 116 8/1/08
9821059 Xxxxxxx XX 00000 1,146,648.42 7,650.98 7.000% 116 8/1/08
9821060 Xxxxxxxx XX 00000 2,567,706.03 17,334.35 7.117% 176 8/1/13
9821061 Xxxxxx XX 00000 2,990,827.04 19,557.76 6.800% 116 8/1/08
9821062 Xxxxxxx XX 00000 2,855,387.92 18,804.87 6.870% 116 8/1/08
9821063 Xxxxxxxxxx XX 00000 7,613,799.44 50,853.79 7.010% 116 8/1/08
9821064 Xxxxxxx XX 00000 3,874,702.01 25,879.76 7.010% 116 8/1/08
9821065 Xxxxx XX 00000 1,540,391.71 11,195.07 7.875% 116 8/1/08
9821066 Xxxxxxxx XX 00000 2,505,693.83 16,735.93 7.010% 116 8/1/08
9821067 Xxxxxxx XX 00000 12,203,457.66 80,612.66 6.900% 116 8/1/08
9821068 Xxxxxx XX 00000 1,227,472.28 9,327.19 8.350% 212 8/1/16
9821069 Xxxxx XX 00000 877,435.32 5,854.66 7.000% 176 8/1/13
9821071 Xxxxxxxxxxx XX 00000 1,994,449.10 13,575.76 7.200% 116 8/1/08
9821072 Xxxxxxx XX 00000 1,171,678.20 7,916.19 7.125% 116 8/1/08
9821074 Xxxxxxxxx XX 00000 1,646,134.16 10,839.33 6.875% 117 9/1/08
9821075 Xxxxxxxxx XX 00000 2,045,197.00 13,467.04 6.875% 117 9/1/08
9821076 Xxxxxxxxxx XX 00000 996,621.61 7,228.07 7.250% 117 9/1/08
9821081 Xxxxxxxx XX 00000 2,510,268.49 16,739.01 7.000% 117 9/1/08
9821082 Xxxxxxxx XX 00000 2,179,024.78 14,530.21 7.000% 117 9/1/08
9821097 Xxxxxxxxx XX 00000 5,985,545.34 38,915.89 6.750% 177 9/1/13
9821098 Xxxxx XX 00000 1,297,038.57 8,648.93 7.000% 117 9/1/08
9821099 Xxxxxxx XX 00000 16,100,195.72 104,586.44 6.750% 118 10/1/08
9821100 Xxxx Xxxx Xxxxx XX 00000 18,172,003.85 118,044.85 6.750% 118 10/1/08
9821101 Xxxxxxx XX 00000 16,774,157.40 108,964.48 6.750% 118 10/1/08
9821102 Xxxxxxxxxxx XX 00000 3,990,628.30 26,277.15 6.875% 177 9/1/13
9821103 Xxx Xxxxxxx XX 00000 8,280,000.51 47,955.00 6.950% 118 10/1/08
9821104 Xxx Xxxxxxx XX 00000 4,639,999.57 26,873.33 6.950% 118 10/1/08
9821105 Xxx Xxxxxxx XX 00000 7,079,999.73 41,005.00 6.950% 118 10/1/08
9821107 Xxxxxxxxxxxx XX 00000 1,494,589.33 10,482.38 6.875% 117 9/1/08
9821109 Xxxxxx XX 00000 4,697,111.47 35,906.03 8.430% 215 11/1/16
9821111 Xxxxxxxxx XX 00000 3,989,331.34 26,078.56 6.125% 118 10/1/08
9821112 Xxxxxx XX 00000 1,994,665.67 13,039.28 6.125% 118 10/1/08
9821115 Xxxxxxxxx XX 00000 2,693,313.21 17,288.40 6.625% 117 9/1/08
9821121 Xxxxxxxxxx XX 00000 2,306,438.20 14,967.26 6.740% 118 10/1/08
9821122 Xxxxxx XX 00000 8,978,913.67 59,123.59 6.875% 117 9/1/08
9821122.1 Xxxxxx XX 00000 0
9821122.2 Xxxxxx XX 00000 0
9821124 Xxxxxxx XX 00000 5,242,623.62 35,370.22 7.125% 118 10/1/08
9821125 Xxxxxx XX 00000 4,393,817.87 29,643.62 7.125% 118 10/1/08
9821126 Xxxxxx XX 00000 3,994,379.90 26,948.74 7.125% 118 10/1/08
9821130 Xxxxxxxxx XX 00000 2,543,774.59 16,437.68 6.690% 117 9/1/08
9821133 Xxxxx Xxxxxxx XX 00000 3,274,954.53 21,274.02 6.750% 118 10/1/08
9821142 Xxxxxxxxx Xxxxxx XX 00000 1,231,615.67 9,047.32 8.000% 118 10/1/08
9821143 Xxxxx Xxxxxxx XX 00000 5,890,924.32 38,267.29 6.750% 118 10/1/08
9821144 Xxx Xxxx XX 00000 7,668,533.85 50,452.13 6.875% 118 10/1/08
9821145 Xxx Xxxx XX 00000 25,363,076.56 166,866.49 6.875% 118 10/1/08
9821146 Xxxxxxxxx XX 00000 11,907,000.00 69,414.50 6.770% 130 10/1/09
Control
Number Property Name Address
===============================================================================================================================
9821149 Greenlawn Apartments 00000 Xxxxxxxxx Xxxxxx
9821150 Xxx Xxxxxxxxxxx Xxxxxxx 000-0000 Xxxx Xxxxx Xxxxxx
9821151 Ridgewood Apartments 000 Xxxxx Xxxxx Xxxx
9821152 Xxxx Xxxxxxxxx Xxxxx 0000 Xxx Xxxxxxx Xxx
0000000 Xxxxxxxxx Apartments 0000-0000 Xxxxxxxxxx Xxxxx
9821155 Castilian Xxxx Xxxx Xxxxxxxxxx 00000 000xx Xx. Xxxxx
9821156 00 Xxxxxxxx Xxxxxx 00 Xxxxxxxx Xxx
0000000 Xxxxxx Xxxxx 0000 Xxxxx Xxxx
0000000 Xxxxxxxx Xxxxxxx 000 Xxxxxxxx Xxxxx
9822003 Hickory Manor 0000 00xx Xxxxxx
9822004 Xxxx Memorial Nursing Home 0000 Xxxxxxx Xxxx
9822005 Ashwood Place 000 Xxxxxxx Xxxx Xxxxx
9822007 Empire Medical Xxxxxxxx 000 Xxxxxxxx Xxxxx
0000000 XxxxxXxxx Xxx / Xxxxxx 20 East Home St
9822014 Xxxxxxxx Xxxxxxx Xxx 00000 Xxxxxx Xxxx
9822015 Round Xxxxx Xxxxxxxx Xxxxxxxx Xxxxxx / Xxxx Xxxx Xxxxxxx 000 X. XX 0000 / 000 X. Xxx Xxxxxxx Xxxx
9822016 Cabin Xxxx Mall and Shopping Center 00000 Xxxxx Xxxxx Xxxx
9822017 Tower Plaza 0000 - 0000 Xxx Xxxx
9822018 Chapel Trail Commerce Center 000 XX 000xx Xxxxxx
9822026 Sack And Save Grocery 915 S.R. 19 North
9822027 Valencia Shopping Center 24125 - 24175 Magic Mountain Parkway
9822029 Layton Crossing Shopping Center 1030, 1052, 1074 and 0000 Xxxx Xxxx Xxxxx Xxxx
9822030 Inland Empire Center 00000 Xxxxxx Xxxxxxxxx
9822031 Xxxxxx Square Shopping Center 0000 Xxxxxx Xxxxxxxxx
9822032 Xxxxxxx Xxxxxxxx Xxxxxx 000 Xxxxxxxxxx00 Xxxxx
9822033 Prince George's Metro Center 6525 Belcrest Road
9822034 Fairfield Inn by Marriott-East 0000 Xxxxx Xxxxx Xxxxxxxxx
9822035 The Money Store 0000 Xxxxxx Xxxxxx
9822036 Best Buy store # 545 2201 Xxxxxxx Drive
9822037 McAllen Embassy Suites 0000 X. 0xx Xxxxxx
9822038 Holiday Inn Express 000 Xxxxxxxxxxxxxx Xxxx
0000000 Xxxxxxx Xxxxxxx 0000 00 Xx. X.X.
9822041 The Crossings at Xxxxx Mill 0000 Xxxxx Xxxx Xxxx
9822042 Xxxxxxx Mall 00000 Xxxxxxxxx Xxxxxxx
9822043 Woodmont Corner 0000 Xxx Xxxxxxxxxx Xx.
9822044 0000 Xxxxxxxx Xxxxxx Xxxxxxxx 0000 Xxxxxxxx Xx.
9822045 Xxxxxx Xxxxxx Xxxxxxx Xxxxx Xxxxx Xxxx Xxxx
9822046 000 Xxxxxx Xxxxxx 000 Xxxxxx Xxxxxx
9822047 Comcast Data Center 0000 Xxxxxxx Xxxx
9822048 Xxxxxxxx Xxxxxx Xxxxxxxx 0000 Xxxxxxxx Xxxxxx
9822049 Holiday Inn - Bethlehem 3566 Bath Pike
9822050 Bethlehem Xxxxxxx Xxx & Xxxxx Xxxxxx 00 and 512
9822051 Gwinnett Place Shoppes 0000 Xxxxxxxx Xxxxx Xxxxx
9822053 La Cresta Shopping Center/Self Storage 0000 Xxxxxxxx Xxxxxxxxx
9822056 Xxxxxxxxx Xxxxx 0000-0000 X. Xxxxxxxxx
9822058 Oak Xxxxx Nursing & Rehab Center 37 North Xxxxx
9822059 EZ8 Motel (Good Nite Inn) 0000 Xxxxx Xxxxxxxxxx Xxxx
9822060 48th Executive Court 0000 00xx Xxxxxx Xxxxx
9822061 Gateway Plaza 00000 Xxxxxx Xxxxxxxx Xx.
9822062 0000 Xxxxxx Xxxxxx 0000 0xx Xxxxxx
9822063 Fresh Warehousing 0000 Xxxxxx Xxxx
9822064 0 Xxxxxxxxx Xxxx 0 Xxxxxxxxx Xxxx
9822065 Centre at Woodstock 00000 Xxx 00/Xxxx Xxxxxxx Rd.
Remaining
Term to
Control Cut-Off Date Monthly Mortgage Maturity Maturity
Number City State Zip Code Balance ($) Debt Service Rate (%) (Mos.) Date
===================================================================================================================================
9821149 Xxxxxx Xxxx XX 00000 2,693,674.10 17,737.08 6.875% 117 9/1/08
9821150 Xxxxxxxxxx XX 00000 2,661,423.69 18,420.31 7.375% 177 9/1/13
9821151 Xxxxxxxx XX 00000 4,359,597.88 29,804.28 7.250% 357 9/1/28
9821152 Xxxx Xxxxxxxx XX 00000 2,045,330.05 13,638.70 7.000% 117 9/1/08
9821154 Xxxxxxxx XX 00000 6,335,122.42 41,714.98 6.875% 117 9/1/08
9821155 Xxxxx XX 00000 3,686,445.93 24,318.73 6.880% 115 7/1/08
9821156 Xxx Xxxx XX 00000 1,441,678.45 9,574.83 6.960% 117 9/1/08
9822000 Xxxxxxxx XX 00000 2,154,409.69 14,586.01 7.125% 113 5/1/08
9822001 Xxxxxxxx XX 00000 1,169,252.40 7,916.19 7.125% 113 5/1/08
9822003 Xxxxxxx XX 00000 1,835,975.00 12,430.11 7.125% 113 5/1/08
9822004 Xxxxxx XX 00000 1,787,514.95 13,595.92 7.750% 113 5/1/08
9822005 Xxxxxxxxx XX 00000 4,958,864.23 34,861.96 6.850% 113 5/1/08
9822007 Xxxx Xxxxxx XX 00000 4,978,269.17 33,433.19 7.050% 114 6/1/08
9822012 Xxxxxx XX 00000 2,721,473.22 22,153.81 7.500% 234 6/1/18
9822014 Xxxxxxxx Xxxxxxx XX 00000 9,936,122.74 73,493.06 7.438% 114 6/1/08
9822015 Xxxxxxxxxx XX 00000 3,200,743.38 23,477.00 7.330% 113 5/1/08
9822016 Xxxxxxx XX 00000 24,663,748.11 189,051.99 6.680% 233 5/1/18
9822017 Xxxxxxxx XX 00000 1,989,840.85 13,841.07 7.125% 113 5/1/08
9822018 Xxxxxxxx Xxxxx XX 00000 2,897,192.96 20,880.74 7.130% 113 5/1/08
9822026 Xxxxxxxx XX 00000 2,296,314.31 17,606.33 7.250% 113 5/1/08
9822027 Xxxxx Xxxxxxx XX 00000 4,468,112.99 32,889.58 7.375% 114 6/1/08
9822029 Xxxxxx XX 00000 3,808,490.71 27,033.65 7.610% 113 5/1/08
9822030 Xxxxxxx XX 00000 21,416,906.11 143,495.60 7.020% 113 5/1/08
9822031 Xxxxxxxxxxxx XX 00000 2,483,843.20 18,271.99 7.375% 114 6/1/08
9822032 Xxxxxxxx XX 00000 8,800,359.91 70,600.01 8.610% 102 6/1/07
9822033 Xxxxxxxxxxx XX 00000 24,376,353.06 162,999.11 7.000% 173 5/1/13
9822034 Xxxxxxxxxx XX 00000 4,008,700.28 32,936.78 7.625% 174 6/1/13
9822035 Xxxxx XX 00000 6,821,885.94 52,876.14 6.850% 234 6/1/18
9822036 Xxxxxxxxxx XX 00000 3,412,777.00 27,184.42 7.210% 114 6/1/08
9822037 XxXxxxx XX 00000 14,702,468.20 107,166.19 7.270% 114 6/1/08
9822038 Xxxxxxxxx XX 00000 2,672,936.46 22,165.61 7.750% 234 6/1/18
9822039 Xxxxx XX 00000 5,519,358.00 39,669.91 7.125% 115 7/1/08
9822041 Xxxxxxx XX 00000 1,792,081.86 11,975.44 7.000% 114 6/1/08
9822042 Xxxxxxx XX 00000 6,771,994.26 46,480.27 7.270% 114 6/1/08
9822043 Xxxxxxxx XX 00000 5,979,312.62 40,402.86 7.120% 114 6/1/08
9822044 Xxxxxxx XX 00000 1,889,509.95 13,580.69 7.125% 115 7/1/08
9822045 Xxxxxxxx Xxxxx XX 00000 1,989,259.26 14,481.92 7.270% 115 7/1/08
9822046 Xxx Xxxxxxxxx XX 00000 969,868.71 7,126.08 7.375% 115 7/1/08
9822047 Xxxx Xxxxxx XX 00000 2,380,286.53 19,702.77 7.750% 235 7/1/18
9822048 Xxxxxxxx XX 00000 1,491,619.72 10,661.57 7.063% 115 7/1/08
9822049 Xxxxxxxxx XX 00000 10,046,587.94 73,655.46 7.350% 115 7/1/08
9822050 Xxxxxxxxx XX 00000 7,062,452.92 51,777.60 7.350% 115 7/1/08
9822051 Xxxxxxx XX 00000 3,579,887.35 25,587.76 7.063% 115 7/1/08
9822053 Xx Xxxxxxxxx XX 00000 4,679,521.22 34,062.82 7.280% 116 8/1/08
9822056 Xxxxxx XX 00000 1,843,423.94 12,308.10 7.000% 115 7/1/08
9822058 Xxxxxxxx XX 00000 1,149,491.71 8,819.05 7.875% 115 7/1/08
9822059 Xxx Xxxxx XX 00000 2,750,797.31 20,433.11 7.500% 115 7/1/08
9822060 Xxxxxx Xxxxx XX 00000 2,884,366.10 20,961.40 7.250% 115 7/1/08
9822061 Xxx Xxxxx XX 00000 5,679,584.90 37,807.47 6.970% 115 7/1/08
9822062 Xxxxxxxx XX 00000 10,838,381.07 77,038.93 7.000% 115 7/1/08
9822063 Xxxxxxxxxxx XX 00000 4,981,578.20 40,143.74 7.390% 115 7/1/08
9822064 Xxxxxxxxxx XX 00000 3,139,496.51 21,488.55 7.250% 115 7/1/08
9822065 Xxxxxxxxx XX 00000 6,935,371.16 53,893.41 6.910% 175 7/1/13
Control
Number Property Name Address
===============================================================================================================================
9822066 Xxxx Xxxxxx Xxx & Xxxxxxxxxx Xxxxxx 0000 X.X. 27
9822067 Xxxxxxxxx Xxx - Xxxxxxx 00000 Xxxxxxxx Xxxxx Xx.
9822068 Xxx Xxxxxxxxx Xxxxxxxx 000 Xxxx Xxxx Xxxx
0000000 Xxxxxx Drugstore 0000 Xxxxxx Xxxx Xxxx
0000000 Xxxxxxx Xxx Max Xxxxxxx Xxxxx 0, Xxx 000X
9822072 0000 X. Xx. Xxxxxxx Xxxxxx 0000 X. Xx. Xxxxxxx Xxxxxx
9822074 Southeastern Eye Center Roll Up Various
9822075 Valley East Plaza 0000-0000 Xxxx Xxxxxxxx Xxx.
9822078 Warner Self Storage 0000 XxXxxx Xxx.
9822079 F & W Office Park - Bldg. F 3800 Electric Rd
9822080 Hampton Inn Xxxxx Xxxxxxx Xxxx 0000 XX 00xx Xxx
0000000 Xxxxxx Limited Biloxi 0000 Xxxxx Xxxxxxxxx
0000000 Xxxxxxx Inn-Airport 0000 Xxxxx 00xx Xx.
9822085 Briarwood Healthcare Center 0000 Xxxx Xxxxxx & 0000 Xxxxxxx Xxxxxx
9822087 New Brighton Manor 000 Xxxxxxxxx Xxx.
9822089 Best Western Inn at Chimney Hill 000 Xxxxxxxxxx Xxxxx
9822090 0000 Xxxxx Xxxxxx Xxxx 8578 Santa Xxxxxx Blvd.
9822091 Glenside Kmart 0000 Xxxxxxxx Xxxxx
9822092 Piggly Wiggly 000 Xxxx Xxxxxxx Xxxxxx
9822120 Best Western Mayfair Hotel 0000 X. Xxxxxxx Xxxxxx
9822122 Gateway Plaza-Las Vegas 1306 and 0000 Xxxxx Xxxx
9822123 Bennington Square Shopping Center 3 Xxxxxx Drive
9822124 Xxxxxx Center NW 36th st and NW 79th ST
9822126 Colonial Health Care and Southdale Health Care Centers 0000 X. 00xx Xx. & 3712 Tower Ave.
9822127 Xxx Xxxxxxx Xxxx Xxxxx 0000 Xxxxxxxxx Xx.
9822128 Leesburg Xxxxx Xxxxxxxx Xxxxxx 00 Xxxxx Xxxxxx
9822131 Best Western Staunton Inn 260 Xxxx Road
9822132 Best Western Inn @ Valley View 0000 Xxxxxx Xxxx Xxxxxxxxx
9822133 Comfort Inn - Lexington U.S. 11 South, P.O. Box 905
9822134 Comfort Inn Troutville 0000 Xxx Xxxxxxx
0000000 Days Inn Oceanside 000 X. Xxxxxxxx Xxxx.
9822141 Holiday Inn Express US 11& 64
9822143 Best Western Inn @ Xxxx Ridge NWC VA Route 39/Willow Springs Road Intersection
9822145 Xxxxx Mini Storage 0000 Xxxxx Xxxxxx
9822146 Panama City Square Shopping Center 000-000 Xxxx 00xx Xxxxxx
9822147 Xxxxxxxxx Xxxxxx Xxxxxxxx Xxxxxx 0000 Xxxxxxx Xxxxxxxxx
9822149 Dyersburg Mall 0000 Xxxx Xxxx
0000000 Xxxxxxx Xxxxxx Shopping Center 0000-0000 Xxxxxxx Xxxxxx
9822152 Natchez Mall 000 Xxxx X. Xxxxxx Xxxxx
0000000 Xxxx Xxxx Plaza 0000 Xxxxxxxx Xxxxxx
9822159 Celluar Xxx Xxxxxxxx Xxxxxx 0000 Xxxx Xxxxxxx Xxxxxx
9822167 Chesapeake Station Maryland Route 261
9822174 Michigan Marketplace 0000 Xxxxxxxx Xxxxxxx
0000000 Xxxxxxx at Home Depot 0000-00 Xxxx Xxxx
9822183 Rainbow Express Village Center 000-000 X. Xxxxxxx Xxxx.
9822185 Sun Center 000 XX 0xx Xxxxx
9822187 Xxxx Xxx Xxxxxxx 000 Xxxx 0000 Xxxxx
9822188 Holiday Inn Rocky Mount 651 Xxxxxxxx Avenue
9822189 0000 X. Xxxxxx 0000 X. Xxxxxx
9822191 Xxxxx Xxxxxx Xxxxxxxx Xxxxxx 000-000 XxXxxxxx Xxx
9822192 Grandview Plaza Office Building 10850 Traverse Hwy
9823000 CVS Waltham Main 826 Main St.
9823009 Rite Aid Dover 0000 X. Xxxxxx Xxxxxxx
Remaining
Term to
Control Cut-Off Date Monthly Mortgage Maturity Maturity
Number City State Zip Code Balance ($) Debt Service Rate (%) (Mos.) Date
===================================================================================================================================
9822066 Xxxx Xxxxxx XX 00000 1,688,320.09 13,695.08 7.500% 236 8/1/18
9822067 Xxxxxxx XX 00000 4,244,865.43 33,950.65 7.313% 115 7/1/08
9822068 Xxxxxxxxxx XX 00000 5,972,116.81 42,139.20 6.930% 116 8/1/08
9822069 Xxxxxxxxx XX 00000 1,695,045.52 11,310.14 7.000% 116 8/1/08
9822070 Xxx Xxxxxxx XX 00000 1,792,474.01 13,301.84 7.500% 176 8/1/13
9822072 Xxxxxx XX 00000 1,991,031.81 14,295.46 7.125% 116 8/1/08
9822074 Various NC Various 5,037,802.85 46,197.39 7.125% 176 8/1/13
9822075 Xxxx XX 00000 10,269,064.74 67,663.67 6.875% 116 8/1/08
9822078 Xxxxxxxx Xxxxx XX 00000 2,339,472.09 16,804.70 7.130% 116 8/1/08
9822079 Xxxxxxx XX 00000 2,370,730.75 21,739.95 7.125% 176 8/1/13
9822080 Xxxxx XX 00000 6,272,715.49 45,790.82 7.313% 176 8/1/13
9822082 Xxxxxx XX 00000 2,091,219.69 15,518.81 7.500% 117 9/1/08
9822083 Xxxxxxx XX 00000 7,405,663.28 54,359.17 7.375% 116 8/1/08
9822085 Xxxxxx XX 00000 5,879,355.63 41,888.35 7.050% 117 9/1/08
9822087 Xxxxxx Xxxxxx XX 00000 19,896,942.28 162,712.17 7.630% 237 9/1/18
9822089 Xxxxxxx Xxxxxxx XX 00000 2,466,944.11 18,225.68 7.460% 117 9/1/08
9822090 Xxxx Xxxxxxxxx XX 00000 7,976,901.20 54,166.08 6.900% 117 9/1/08
9822091 Xxxxxxxx XX 00000 2,475,993.98 22,331.17 6.900% 177 9/1/13
9822092 Xxxxxxx XX 00000 1,619,264.28 11,485.16 7.000% 117 9/1/08
9822120 Xxx Xxxxxxx XX 00000 4,833,973.21 35,447.66 7.375% 117 9/1/08
0000000 X Xxx Xxxxx XX 00000 2,891,650.13 19,391.25 7.050% 116 8/1/08
9822123 Xxxxxxxxxx XX 00000 3,985,881.26 28,271.17 7.000% 117 9/1/08
9822124 Xxxxx XX 00000 3,982,269.42 28,751.41 7.188% 176 8/1/13
9822126 Xxxxxxxx XX 00000 1,343,038.97 10,978.93 7.625% 117 9/1/08
9822127 Xxxxxxx XX 00000 46,000,000.00 267,375.00 6.750% 117 9/1/08
9822128 Xxxxxxxx XX 00000 9,900,000.00 54,496.00 6.510% 118 10/1/08
9822131 Xxxxxxxx XX 00000 3,178,740.29 22,546.26 7.000% 117 9/1/08
9822132 Xxxxxxx XX 00000 3,625,159.01 25,712.63 7.000% 117 9/1/08
9822133 Xxxxxxxxx XX 00000 3,736,763.68 26,504.22 7.000% 117 9/1/08
9822134 Xxxxxxxxxx XX 00000 2,428,398.15 17,224.21 7.000% 117 9/1/08
9822140 Ft. Xxxxxxxxxx XX 00000 3,352,160.05 23,480.53 6.875% 118 10/1/08
9822141 Xxxxxxxxx XX 00000 2,540,999.31 18,022.87 7.000% 117 9/1/08
9822143 Xxxxxxxxx XX 00000 5,081,998.61 36,045.74 7.000% 117 9/1/08
9822145 Xxxxxxxxxx XX 00000 1,464,847.43 10,427.19 7.040% 117 9/1/08
9822146 Xxxxxx Xxxx XX 00000 13,339,448.97 86,652.71 6.750% 82 10/1/05
9822147 Xxxxxxxxxx XX 00000 5,918,881.24 38,448.90 6.750% 82 10/1/05
9822149 Xxxxxxxxx XX 00000 8,646,678.74 56,168.60 6.750% 82 10/1/05
9822150 Xxxxxxxxxx XX 00000 1,837,169.63 11,934.20 6.750% 82 10/1/05
9822152 Xxxxxxx XX 00000 8,906,278.81 57,854.95 6.750% 82 10/1/05
9822156 Xxxxxxx XX 00000 2,594,205.75 18,584.10 7.125% 118 10/1/08
9822159 Xxxxxxxxx XX 00000 3,092,332.71 20,624.38 7.000% 177 9/1/13
9822167 Xxxxxxxxxx Xxxxx XX 00000 2,918,031.25 19,068.81 6.800% 117 9/1/08
9822174 Xxxxxxxx XX 00000 1,797,392.55 11,975.44 7.000% 82 10/1/05
9822176 Xxxxxxx XX 00000 1,992,965.19 14,161.11 7.020% 117 9/1/08
9822183 Xxx Xxxxx XX 00000 4,019,055.46 26,562.52 6.920% 118 10/1/08
9822185 Xxxxxxxxxxx XX 00000 2,986,855.31 21,684.21 7.250% 116 8/1/08
9822187 Xxxx Xxxx Xxxx XX 00000 3,985,248.13 31,271.17 8.150% 176 8/1/13
9822188 Rocky Xxxxx XX 00000 7,467,138.31 54,210.51 7.250% 116 8/1/08
9822189 Xxxxxxx Xxxxxxx XX 00000 2,506,314.57 17,976.55 7.125% 117 9/1/08
9822191 Xxxxx Xxxxxx XX 00000 8,985,111.54 56,531.46 6.440% 118 10/1/08
9822192 Xxxxxxxx Xxxx XX 00000 2,744,287.39 20,322.26 7.500% 118 10/1/08
9823000 Xxxxxxx XX 00000 3,668,233.60 28,198.57 7.250% 241 1/1/19
9823009 Xxxxx XX 00000 2,634,754.87 18,320.35 6.942% 258 6/1/20
Control
Number Property Name Address
===============================================================================================================================
9823010 Rite Aid Littleton 118 136 Meadow Street
9823012 Rite Aid Louisville - Xxxxxx & Bluegrass 4901 Xxxxxx
9823026 Rite Aid - Citrus Heights 6422 Tupelo Drive
9823028 Rite Aid - Xxxxxxxx 0000 Xxxxx Xxxxxxx Xxxxxx
9823030 Walgreens Ft Worth 0000 Xxxxxx Xxxx Xxxxx
9823031 Walgreen Jacksonville St Augustine 4297 Oldfield Crossing Drive
9823032 Walgreen Melbourne Xxxxxxx Xxxxxxx Xxxx & Xxxx Xxxx
0000000 XXX Xxxx Xxxxxxxx 000 Xxxxx Xxxxxxxx Xxxxxx
9823035 Xxxxxxx Supermarket - Teaneck 665 American Legion Drive
9823042 Motel 6 1118 Austin AP 0000 X. Xxxxxxxxxxxxx Xxxxxxx
9823054 Motel 6 1261 Houston - Spring 00000 Xxxxxxxxxxx Xxxxx
9823069 Motel 6 1273 Portland Xxx Xxxxxxxxx Xxxxxx
0000000 Xxxxx 0 000 Xxxxx Xxxx 000 X. Xxxxxxx Xxxxxx
9823074 Xxxxx 0 000 Xxx Xxxxxxx (X) 0000 Xxxxxxxxxx Xxxxxxx 00 Xx.
0000000 Motel 6 000 Xxxxx Xxxxxxxxx Xxxxx 5 & 10
9823082 Rite Aid Norfolk 0000 Xxxxxxxxxx Xxxxxxxxx
9823094 Eckerd Pompano Sample 000 Xxxx Xxxxxx Xxxx
9823097 IHOP Douglasville Xxxxxxx Blvd Xxxxxxx Blvd & Georgia St Hgwy 5
9823098 Bunzl Hicksville Xxxxx 000 Xxxxx Xxxxxx
0000000 CVS Columbia Sparkleberry Xxxxxxxxxxxx Xxxx & Xxxxxxx Xxxx
0000000 CVS Rochester Henrietta 0000 Xxxx Xxxxxxxxx Xxxx
0000000 Xxxxx Xxxxxxxxxxx Xxxxxxxxxx XX Highway 98 and Xxxxxxxxxx Xx
9823109 Rite Aid - Dixie Highway, Lousiville 4721 Dixie Highway
9823113 Eckerd - Charlotte - Harris Blvd 0000 Xxxx Xxxxxx Xxxx
9823114 Rite Aid Battle Creek Xxxxxxx & E. Michigan
9823115 Rite Aid Saginaw Genesee 525 West Genesee Avenue
9823118 Sears Union Center Island 2191 Route 22 Center Island
9823121 Walgreen Hialeah 0xx Xxx XXX Xxxxxxxxx 0xx Xxx
Remaining
Term to
Control Cut-Off Date Monthly Mortgage Maturity Maturity
Number City State Zip Code Balance ($) Debt Service Rate (%) (Mos.) Date
===================================================================================================================================
9823010 Xxxxxxxxx XX 00000 3,171,464.19 22,052.27 6.942% 258 6/1/20
9823012 Xxxxxxxxxx XX 00000 2,345,714.93 16,128.00 6.826% 258 6/1/20
9823026 Xxxxxx Xxxxxxx XX 00000 5,132,894.66 35,690.76 6.942% 258 6/1/20
9823028 Xxxxxxxx XX 00000 2,270,384.47 15,606.22 6.942% 258 6/1/20
9823030 Xxxxxx Xxxx XX 00000 2,367,466.35 18,647.23 7.000% 232 4/1/18
9823031 Xxxxxxxxxxxx XX 00000 2,516,933.98 20,134.47 7.125% 229 1/1/18
9823032 Xxxxxxxxx XX 00000 2,720,928.37 21,811.32 7.125% 228 12/1/17
9823033 Xxxx XX 00000 1,629,795.92 12,714.10 6.900% 233 5/1/18
9823035 Xxxxxxx XX 00000 8,516,651.39 55,502.04 7.021% 233 5/1/18
9823042 Xxxxxx XX 00000 5,866,628.32 35,370.88 7.235% 210 6/1/16
9823054 Xxxxxx XX 00000 3,429,285.15 20,675.74 7.235% 210 6/1/16
9823069 Xxxxxxxx XX 00000 4,610,168.47 27,795.48 7.235% 210 6/1/16
9823072 Xxxxx Xxxx XX 00000 4,043,344.48 24,378.00 7.235% 210 6/1/16
9823074 Xxx Xxxxxxx XX 00000 2,616,837.43 15,777.34 7.235% 210 6/1/16
9823076 Xxxxx Xxxxxxxxx XX 00000 3,297,026.22 19,878.32 7.235% 210 6/1/16
9823082 Xxxxxxx XX 00000 2,741,955.57 18,611.00 6.826% 259 7/1/20
9823094 Xxxxxxx Xxxxx XX 00000 2,422,574.84 17,212.62 6.938% 230 2/1/18
9823097 Xxxxxxxxxxxx XX 00000 1,255,603.26 9,014.25 7.750% 292 4/1/23
9823098 Xxxxxxxxxx XX 00000 6,497,306.79 52,535.22 7.000% 174 6/1/13
9823099 Xxxxxxxx XX 00000 1,788,584.14 13,457.97 7.170% 229 1/1/18
9823101 Xxxxxxxxx XX 00000 1,604,900.79 11,518.05 7.000% 229 1/1/18
9823102 Xxxxxxxxxxx XX 00000 10,724,113.96 92,462.14 8.125% 228 12/1/17
9823109 Xxxxxxxxxx XX 00000 2,566,522.39 17,641.82 6.942% 258 6/1/20
9823113 Xxxxxxxxx XX 00000 2,333,036.86 17,381.69 6.700% 234 6/1/18
9823114 Xxxxxx Xxxxx XX 00000 1,962,119.87 15,513.52 7.130% 235 7/1/18
9823115 Xxxxxxx XX 00000 2,649,266.52 21,202.43 7.290% 235 7/1/18
9823118 Xxxxx XX 00000 1,160,374.04 9,585.71 7.000% 177 9/1/13
9823121 Xxxxxxx XX 00000 2,407,803.07 17,046.59 6.875% 237 9/1/18
Remaining Master
Amortization Servicing Interest Interest
Control Term Fee Rate Accrual Accrual
Number (Mos.) Seller (%) Basis During IO Title Vesting Property Type
====================================================================================================================================
10000 359 FUNB 0.040% Actual/360 NA Multifamily - Conventional
10003 359 FUNB 0.040% Actual/360 NA Multifamily - Conventional
10004 359 FUNB 0.040% Actual/360 NA Multifamily - Conventional
10019 358 FUNB 0.040% Actual/360 NA Multifamily - Conventional
20007 358 FUNB 0.040% Actual/360 NA Retail - Anchored
20022 357 FUNB 0.040% Actual/360 NA Retail - Unanchored
20025 359 FUNB 0.040% Actual/360 NA Retail - Unanchored
20037 178 FUNB 0.040% Actual/360 NA Retail - Unanchored
20042 299 FUNB 0.040% Actual/360 NA Retail - Anchored
30013 286 FUNB 0.040% 30/360 NA CTL - Retail
30092 283 FUNB 0.040% 30/360 NA CTL - Retail
9821000 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821001 353 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821002 353 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821003 353 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821004 353 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821005 353 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821006 360 FUNB 0.040% 30/360 30/360 Multifamily - Conventional
9821007 353 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821009 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821010 353 FUNB 0.040% 30/360 NA Multifamily - Sec. 42
9821011 323 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821012 352 FUNB 0.040% 30/360 NA Multifamily - Sec. 42
9821013 293 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821014 293 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821015 293 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821016 352 FUNB 0.040% 30/360 NA Multifamily - Sec. 42
9821018 293 FUNB 0.040% 30/360 NA Multifamily - Sec. 42
9821020 294 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821021 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821022 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821023 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821024 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821025 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821026 355 FUNB 0.040% Actual/360 NA Leasehold Multifamily - Conventional
9821027 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821028 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821029 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821030 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821031 353 FUNB 0.040% Actual/360 NA Multifamily - Sec. 42
9821034 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821037 353 FUNB 0.090% Actual/360 NA Multifamily - Conventional
9821038 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821039 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821040 354 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821041 355 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821042 354 FUNB 0.040% 30/360 NA Multifamily - Sec. 42
9821044 354 FUNB 0.040% 30/360 NA Multifamily - Sec. 42
9821045 355 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821046 355 FUNB 0.040% Actual/360 NA Multifamily - Sec. 42
9821048 360 FUNB 0.040% Actual/360 30/360 Multifamily - Conventional
9821049 355 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821050 355 FUNB 0.040% Actual/360 NA Multifamily - Conventional
Lease Cut-Off Cross
Control Enhance- Date LTV Collateralized
Number Largest Tenant Name ment RVI DSCR (x) (%) Groups
===============================================================================================================
10000 1.43 75.0% Collegiate
10003 1.41 76.6% Collegiate
10004 1.46 73.7% Collegiate
10019 1.27 74.9%
20007 CVS / Revco Drugstore 1.47 73.7%
20022 Xxxxx Meat Market 1.31 74.8%
20025 Ladies Health and Fitness 1.29 75.1%
20037 Georgia Carpet Outlet 1.25 67.5%
20042 Genaurdi's Family Markets 1.39 67.5%
30013 Xxxx'x Home Centers, Inc TRUE TRUE 1.00 98.7%
30092 Walgreen Company TRUE TRUE 1.12 91.1%
9821000 1.34 77.4%
9821001 1.35 79.6%
9821002 1.53 79.6%
9821003 1.25 79.6%
9821004 1.33 79.6%
9821005 1.22 74.6%
9821006 1.25 72.5%
9821007 1.31 72.4%
9821009 1.25 79.7%
9821010 1.22 79.0%
9821011 1.49 71.8%
9821012 1.16 84.6%
9821013 1.46 76.9%
9821014 1.31 79.4%
9821015 1.30 76.9%
9821016 1.21 78.0%
9821018 1.20 81.1%
9821020 1.29 74.5%
9821021 1.41 79.7%
9821022 1.25 76.8%
9821023 1.85 79.7%
9821024 1.28 79.7%
9821025 1.36 77.6%
9821026 1.28 68.1%
9821027 1.34 79.2%
9821028 1.36 73.6%
9821029 1.58 79.7%
9821030 1.30 73.5%
9821031 1.44 83.4%
9821034 1.25 79.5%
9821037 1.48 73.3%
9821038 1.33 79.7%
9821039 1.41 79.7%
9821040 1.26 79.0%
9821041 1.28 57.0%
9821042 1.17 81.0%
9821044 1.15 81.5%
9821045 1.30 75.3%
9821046 1.19 72.6%
9821048 1.21 79.9%
9821049 1.28 79.7%
9821050 1.34 79.7%
Remaining Master
Amortization Servicing Interest Interest
Control Term Fee Rate Accrual Accrual
Number (Mos.) Seller (%) Basis During IO Title Vesting Property Type
====================================================================================================================================
9821051 355 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821052 355 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821053 355 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821054 355 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821056 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821057 356 FUNB 0.040% 30/360 NA Multifamily - Conventional
9821058 356 FUNB 0.140% Actual/360 NA Multifamily - Conventional
9821059 356 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821060 356 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821061 356 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821062 356 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821063 356 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821064 356 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821065 356 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821066 356 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821067 356 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821068 356 FUNB 0.040% Actual/360 NA Multifamily - Sec. 42
9821069 356 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821071 356 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821072 356 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821074 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821075 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821076 297 FUNB 0.090% Actual/360 NA Mobile Home Park
9821081 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821082 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821097 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821098 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821099 358 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821100 358 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821101 358 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821102 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821103 360 FUNB 0.040% 30/360 30/360 Multifamily - Conventional
9821104 360 FUNB 0.040% 30/360 30/360 Multifamily - Conventional
9821105 360 FUNB 0.040% 30/360 30/360 Multifamily - Conventional
9821107 297 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821109 359 FUNB 0.040% Actual/360 NA Multifamily - Sec. 42
9821111 298 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821112 298 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821115 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821121 358 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821122 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821122.1 FUNB Multifamily - Conventional
9821122.2 FUNB Multifamily - Conventional
9821124 358 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821125 358 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821126 358 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821130 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821133 358 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821142 358 FUNB 0.040% Actual/360 NA Multifamily - Sec. 42
9821143 358 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821144 358 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821145 358 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821146 360 FUNB 0.040% Actual/360 Actual/360 Multifamily - Conventional
Lease Cut-Off Cross
Control Enhance- Date LTV Collateralized
Number Largest Tenant Name ment RVI DSCR (x) (%) Groups
===============================================================================================================
9821051 1.30 79.7%
9821052 1.55 79.7%
9821053 1.27 79.7%
9821054 1.38 79.7%
9821056 1.29 78.4%
9821057 1.43 69.7%
9821058 1.54 66.0%
9821059 1.28 69.5%
9821060 1.36 65.0%
9821061 1.40 68.3%
9821062 1.26 79.8%
9821063 1.53 79.8%
9821064 1.24 73.9%
9821065 1.23 79.8%
9821066 1.25 69.6%
9821067 1.22 79.8%
9821068 1.15 76.7%
9821069 1.29 79.8%
9821071 1.31 79.8%
9821072 1.45 67.3%
9821074 1.21 77.5% Xxxxxx XXX
0000000 1.53 62.5% Xxxxxx XXX
0000000 1.26 71.4%
9821081 1.21 78.5%
9821082 1.30 79.8%
9821097 1.26 74.8%
9821098 1.33 68.3%
9821099 1.37 73.2%
9821100 1.30 79.0%
9821101 1.24 79.9%
9821102 1.27 79.8%
9821103 1.21 77.4%
9821104 1.22 72.5%
9821105 1.20 78.7%
9821107 1.60 65.0%
9821109 1.53 62.6%
9821111 1.64 66.5%
9821112 1.32 52.5%
9821115 1.37 71.4%
9821121 1.43 74.9%
9821122 1.27 79.1%
9821122.1
9821122.2
9821124 1.26 74.9%
9821125 1.24 73.2%
9821126 1.23 79.9%
9821130 1.37 70.7%
9821133 1.39 79.9%
9821142 1.15 84.9%
9821143 1.37 79.9%
9821144 1.35 79.9%
9821145 1.20 79.3%
9821146 1.35 81.0%
Remaining Master
Amortization Servicing Interest Interest
Control Term Fee Rate Accrual Accrual
Number (Mos.) Seller (%) Basis During IO Title Vesting Property Type
====================================================================================================================================
9821149 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821150 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821151 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821152 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821154 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821155 355 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9821156 357 FUNB 0.040% Actual/360 NA Multifamily - Conventional
9822000 353 FUNB 0.040% Actual/360 NA Healthcare - Assisted Living
9822001 353 FUNB 0.040% Actual/360 NA Healthcare - Assisted Living
9822003 353 FUNB 0.040% Actual/360 NA Healthcare - Assisted Living
9822004 293 FUNB 0.040% Actual/360 NA Healthcare - Skilled Nursing
9822005 293 FUNB 0.040% Actual/360 NA Healthcare - Congregate Care
9822007 354 FUNB 0.040% Actual/360 NA Office - Medical
9822012 234 FUNB 0.040% Actual/360 NA Leasehold Hospitality - Limited Service
9822014 294 FUNB 0.040% Actual/360 NA Hospitality - Full Service
9822015 293 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822016 233 FUNB 0.040% Actual/360 NA Retail - Anchored
9822017 324 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822018 293 FUNB 0.040% Actual/360 NA Industrial - Warehouse/Distribution
9822026 257 FUNB 0.040% Actual/360 NA Retail - Anchored
9822027 294 FUNB 0.040% 30/360 NA Retail - Unanchored
9822029 353 FUNB 0.040% Actual/360 NA Retail - Anchored
9822030 353 FUNB 0.040% Actual/360 NA Retail - Anchored
9822031 294 FUNB 0.040% Actual/360 NA Retail - Anchored
9822032 312 FUNB 0.040% Actual/360 NA Retail - Anchored
9822033 353 FUNB 0.040% Actual/360 NA Leasehold & Fee Office
9822034 234 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822035 234 FUNB 0.040% Actual/360 NA Leasehold Office
9822036 234 FUNB 0.040% Actual/360 NA Retail - Anchored
9822037 294 FUNB 0.040% Actual/360 NA Hospitality - Full Service
9822038 234 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822039 295 FUNB 0.040% Actual/360 NA Healthcare - Assisted Living
9822041 354 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822042 354 FUNB 0.040% Actual/360 NA Retail - Anchored
9822043 355 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822044 295 FUNB 0.040% Actual/360 NA Office
9822045 295 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822046 295 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822047 235 FUNB 0.040% Actual/360 NA Office
9822048 295 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822049 295 FUNB 0.040% Actual/360 NA Hospitality - Full Service
9822050 295 FUNB 0.040% Actual/360 NA Hospitality - Full Service
9822051 295 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822053 296 FUNB 0.040% Actual/360 NA Mixed Use - Self Storage/Retail
9822056 355 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822058 295 FUNB 0.040% Actual/360 NA Healthcare - Skilled Nursing
9822059 295 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822060 295 FUNB 0.040% Actual/360 NA Office
9822061 355 FUNB 0.040% Actual/360 NA Retail - Anchored
9822062 295 FUNB 0.040% Actual/360 NA Office
9822063 235 FUNB 0.040% Actual/360 NA Industrial - Warehouse/Distribution
9822064 355 FUNB 0.040% Actual/360 NA Leasehold Industrial - Warehouse/Distribution
9822065 235 FUNB 0.040% Actual/360 NA Retail - Anchored
Lease Cut-Off Cross
Control Enhance- Date LTV Collateralized
Number Largest Tenant Name ment RVI DSCR (x) (%) Groups
===============================================================================================================
9821149 1.49 74.8%
9821150 1.28 79.8%
9821151 1.26 75.2%
9821152 1.24 75.8%
9821154 1.33 76.3%
9821155 1.30 76.8%
9821156 1.25 70.3%
9822000 1.42 71.8%
9822001 1.66 57.2%
9822003 1.30 74.5%
9822004 2.13 54.2%
9822005 1.44 77.5%
9822007 Chesapeake Orthopedic and Sports Medicine 1.79 56.9%
9822012 1.48 59.2%
9822014 1.64 44.7%
9822015 Fitness World 1.31 74.4%
9822016 Giant Foods 1.37 60.9%
9822017 El Paso Mexican Restaurant 1.32 73.0%
9822018 American Aviation 1.43 77.3%
9822026 Jitney-Jungle Stores of America 1.26 74.1%
9822027 Blockbuster Music 1.27 74.5%
9822029 Deseret Industries 1.30 74.7%
9822030 Vons - Store #55 (Safeway Credit) 1.26 74.6%
9822031 Food Lion # 522 1.30 73.1%
9822032 White House 1.31 67.7%
9822033 HHS 11B-90186 1.30 71.7%
9822034 1.46 74.2%
9822035 The Money Store 1.30 73.6%
9822036 Best Buy 1.45 50.2%
9822037 1.60 65.3%
9822038 1.73 74.3%
9822039 1.46 72.6%
0000000 Xxx X. Bank 1.51 79.7%
9822042 Garden Ridge, Inc. 1.25 73.6%
9822043 Maryland Youth Ballet 1.32 64.3%
9822044 Geomega 1.29 72.7%
9822045 West Marine 1.35 75.1%
9822046 Georgiou Retail Stores 1.26 73.8%
9822047 Comcast Cable Communications 1.20 74.4%
9822048 Xxxxxx-Xxxx Sales (Audio Warehouse) 1.32 74.6% Xxxxxx
9822049 1.46 71.8% Gateway
9822050 1.40 70.6% Gateway
9822051 Gallery Fine Furniture 1.36 74.6% Xxxxxx
9822053 The Fish Cove 1.31 68.8%
9822056 Kentuckiana Restaurants dba Xxxxx'x 1.30 78.4%
9822058 2.02 69.7%
9822059 1.49 69.6%
0000000 XXX 1.33 68.7%
9822061 Good Guys 1.31 63.8%
9822062 Metropolitan Life Insurance Co. 1.30 67.3%
9822063 X.X. Resurrection, Inc. 1.37 74.4%
9822064 U.S. Postal Service 1.47 73.9%
9822065 Publix 1.30 72.2%
Remaining Master
Amortization Servicing Interest Interest
Control Term Fee Rate Accrual Accrual
Number (Mos.) Seller (%) Basis During IO Title Vesting Property Type
====================================================================================================================================
9822066 236 FUNB 0.040% Actual/360 NA Hospitality - Full Service
9822067 236 FUNB 0.090% Actual/360 NA Hospitality - Limited Service
9822068 296 FUNB 0.040% Actual/360 NA Office
9822069 356 FUNB 0.040% Actual/360 NA Retail - Anchored
9822070 296 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822072 296 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822074 176 FUNB 0.040% Actual/360 NA Office - Medical
9822075 356 FUNB 0.040% Actual/360 NA Retail - Anchored
9822078 296 FUNB 0.040% Actual/360 NA Self Storage
9822079 176 FUNB 0.040% Actual/360 NA Office
9822080 296 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822082 296 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822083 296 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822085 297 FUNB 0.040% Actual/360 NA Healthcare - Skilled Nursing
9822087 237 FUNB 0.040% Actual/360 NA Leasehold Healthcare - Skilled Nursing
9822089 297 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822090 327 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822091 177 FUNB 0.040% 30/360 NA Retail - Anchored
9822092 297 FUNB 0.040% Actual/360 NA Retail - Anchored
9822120 297 FUNB 0.040% Actual/360 NA Hospitality - Full Service
9822122 356 FUNB 0.040% Actual/360 NA Retail - Anchored
9822123 297 FUNB 0.040% Actual/360 NA Retail - Anchored
9822124 296 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822126 237 FUNB 0.040% Actual/360 NA Healthcare - Skilled Nursing
9822127 360 FUNB 0.040% Actual/360 Actual/360 Office
9822128 336 FUNB 0.040% Actual/360 $54,496.00 per Retail-Anchored
month during IO
(avg of Act/360
over IO period
9822131 297 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822132 297 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822133 297 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822134 297 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822140 298 FUNB 0.040% Actual/360 NA Hospitality - Full Service
9822141 297 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822143 297 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822145 297 FUNB 0.040% Actual/360 NA Self Storage
9822146 358 FUNB 0.040% Actual/360 NA Retail - Anchored
9822147 358 FUNB 0.040% Actual/360 NA Retail - Anchored
9822149 358 FUNB 0.040% Actual/360 NA Retail - Anchored
9822150 358 FUNB 0.040% Actual/360 NA Retail - Anchored
9822152 358 FUNB 0.040% Actual/360 NA Retail - Anchored
9822156 298 FUNB 0.040% Actual/360 NA Retail - Anchored
9822159 357 FUNB 0.040% 30/360 NA Retail - Unanchored
9822167 357 FUNB 0.040% Actual/360 NA Retail - Anchored
9822174 358 FUNB 0.040% Actual/360 NA Retail - Anchored
9822176 297 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822183 358 FUNB 0.040% Actual/360 NA Retail - Anchored
9822185 296 FUNB 0.040% Actual/360 NA Mixed Use - Office/Retail
9822187 296 FUNB 0.040% Actual/360 NA Hospitality - Limited Service
9822188 296 FUNB 0.040% Actual/360 NA Hospitality - Full Service
9822189 297 FUNB 0.040% Actual/360 NA Retail - Unanchored
9822191 358 FUNB 0.040% Actual/360 NA Retail - Anchored
9822192 298 FUNB 0.040% Actual/360 NA Office
9823000 241 FUNB 0.040% 30/360 NA CTL - Retail
9823009 309 FUNB 0.040% 30/360 NA CTL - Retail
Lease Cut-Off Cross
Control Enhance- Date LTV Collateralized
Number Largest Tenant Name ment RVI DSCR (x) (%) Groups
===============================================================================================================
9822066 1.47 73.4%
9822067 1.54 74.5%
0000000 Xxxxxxxxx Xxxxxxx 1.25 73.7%
9822069 Eckerd 1.27 78.1%
9822070 1.46 71.7%
9822072 Blockbuster 1.48 40.6%
9822074 Southeastern Eye Center Greensboro 1.30 66.2%
9822075 Bed, Bath & Beyond 1.27 82.2%
9822078 Xxxx Xxxxxx of USA 1.40 57.1%
9822079 Allstate Insurance Company 1.35 47.4%
9822080 1.65 62.1%
9822082 1.47 69.7%
9822083 1.41 74.1%
9822085 1.83 53.0%
9822087 1.65 62.8%
9822089 1.41 74.8%
9822090 24 Hour Fitness 1.49 65.1%
9822091 K-Mart 2.11 37.0%
9822092 Piggly Wiggly 1.30 77.9%
9822120 1.45 52.0%
9822122 Rancher Bar & Grill 1.26 72.3%
9822123 K-Mart 1.41 66.4%
9822124 El Tropico Rest. 1.37 67.5%
9822126 1.50 61.1%
9822127 Blue Cross/Blue Shield 1.27 73.7%
9822128 K-Mart 1.65 55.0%
9822131 1.57 72.2%
9822132 1.62 74.8% DOM
9822133 1.48 74.7% DOM
9822134 1.46 74.7% DOM
9822140 1.59 69.8%
9822141 1.39 74.7% DOM
9822143 1.69 74.7% DOM
9822145 1.41 65.1%
9822146 Wal-Mart 1.38 79.9%
9822147 Waccamaw Pottery 1.39 77.9%
9822149 Xxxxxxx 1.36 79.9%
9822150 CVS (Revco) 1.43 79.9%
9822152 XxXxx'x 1.37 74.2%
9822156 Big Lots 1.31 74.1%
9822159 Blockbuster Video 1.33 73.6%
9822167 Roland's Supermarket 1.47 74.8%
9822174 Xxxxx'x 1.29 74.9%
9822176 Evergreen Restaurant 1.41 68.7%
9822183 American Drug Stores 1.26 71.8%
9822185 Downtown Athletic Club 1.34 74.7%
9822187 1.43 67.6%
9822188 1.40 71.8%
9822189 Petco 1.27 71.6%
9822191 K-Mart 1.34 64.9%
9822192 Distribution solutions Inter 1.34 71.3%
9823000 CVS Corporation TRUE 1.01 94.1%
9823009 Rite Aid of Delaware TRUE 1.00 91.8%
Remaining Master
Amortization Servicing Interest Interest
Control Term Fee Rate Accrual Accrual
Number (Mos.) Seller (%) Basis During IO Title Vesting Property Type
====================================================================================================================================
9823010 309 FUNB 0.040% 30/360 NA CTL - Retail
9823012 309 FUNB 0.040% 30/360 NA Leasehold & Fee CTL - Retail
9823026 309 FUNB 0.040% 30/360 NA CTL - Retail
9823028 319 FUNB 0.040% 30/360 NA CTL - Retail
9823030 232 FUNB 0.040% 30/360 NA CTL - Retail
9823031 229 FUNB 0.040% 30/360 NA CTL - Retail
9823032 228 FUNB 0.040% 30/360 NA CTL - Retail
9823033 233 FUNB 0.040% 30/360 NA CTL - Retail
9823035 280 FUNB 0.040% 30/360 NA CTL - Retail
9823042 259 FUNB 0.175% 30/360 NA CTL - Hospitality
9823054 259 FUNB 0.175% 30/360 NA CTL - Hospitality
9823069 259 FUNB 0.175% 30/360 NA CTL - Hospitality
9823072 259 FUNB 0.175% 30/360 NA CTL - Hospitality
9823074 259 FUNB 0.175% 30/360 NA CTL - Hospitality
9823076 259 FUNB 0.175% 30/360 NA CTL - Hospitality
9823082 321 FUNB 0.040% 30/360 NA CTL - Retail
9823094 270 FUNB 0.040% 30/360 NA CTL - Retail
9823097 292 FUNB 0.040% 30/360 NA CTL - Retail
9823098 220 FUNB 0.040% 30/360 NA CTL - Industrial
9823099 229 FUNB 0.040% 30/360 NA CTL - Retail
9823101 229 FUNB 0.040% 30/360 NA CTL - Retail
9823102 228 FUNB 0.040% 30/360 NA CTL - Retail
9823109 319 FUNB 0.040% 30/360 NA CTL - Retail
9823113 234 FUNB 0.040% 30/360 NA CTL - Retail
9823114 235 FUNB 0.040% 30/360 NA CTL - Retail
9823115 235 FUNB 0.040% 30/360 NA CTL - Retail
9823118 177 FUNB 0.040% 30/360 NA CTL - Retail
9823121 290 FUNB 0.040% 30/360 NA CTL - Retail
Lease Cut-Off Cross
Control Enhance- Date LTV Collateralized
Number Largest Tenant Name ment RVI DSCR (x) (%) Groups
===============================================================================================================
9823010 Rite Aid of New Hampshire TRUE 1.00 97.6%
9823012 Rite Aid of Kentucky TRUE 1.00 97.7%
9823026 Rite Aid of California TRUE 1.00 97.4%
9823028 Rite Aid of Oregon TRUE 1.00 98.7%
9823030 Walgreen Company TRUE 1.13 82.5%
9823031 Walgreen Company TRUE 1.00 86.6%
9823032 Walgreen Company TRUE 1.00 86.4%
9823033 White Cross Stores, Inc. TRUE 1.00 97.0%
9823035 Xxxxxxx TRUE TRUE 1.13 99.6%
9823042 Motel 6 TRUE 1.00 94.5%
9823054 Motel 6 TRUE 1.00 94.5%
9823069 Motel 6 TRUE 1.00 94.5%
9823072 Motel 6 TRUE 1.00 94.5%
9823074 Motel 6 TRUE 1.00 94.5%
9823076 Motel 6 TRUE 1.00 94.5%
9823082 Rite Aid of Xxxxxxxx XXXX 1.00 99.0%
9823094 Eckerd TRUE TRUE 1.09 93.2%
9823097 IHOP Properties, Inc. TRUE 1.10 95.1%
9823098 Alliance Paper and Packaging Co., Inc. TRUE TRUE 1.08 92.8%
9823099 CVS Corporation TRUE 1.02 96.2%
9823101 Xxxxxxxxx CVS, Inc TRUE 1.02 99.1%
9823102 Xxxx'x Home Centers, Inc TRUE 1.02 87.5%
9823109 Rite Aid of Kentucky TRUE 1.00 98.7%
9823113 Eckerd TRUE 1.00 93.3%
9823114 Rite Aid of Michigan, Inc. TRUE 1.00 93.4%
9823115 Rite Aide of Michigan TRUE 1.00 92.3%
9823118 Sears, Xxxxxxx and Co. TRUE 1.05 81.7%
9823121 Walgreen Company TRUE TRUE 1.22 79.5%
Grace Insured Letter Interest Engin Def Environmental Init TI/LC
Control Semi Mortgage Mortgage of Reserve Maint Escrow Escrow @ Reserve Future TI/LC Reserve
Number Defeased Annual Loan Loan Credit Loan Lockbox ($) @ Close Close (Cleaned) Escrows (Cleaned)
====================================================================================================================================
10000 TRUE TRUE N 1,723.75 0
10003 TRUE TRUE N 620.55 0.00
10004 TRUE TRUE N 930.83 0.00
10019 TRUE TRUE N 0.00 0.00
20007 TRUE TRUE N 0.00 0.00
20022 TRUE N 4,523.75 0.00
20025 TRUE TRUE N 0.00 0.00 14,560.00
20037 TRUE TRUE N 13,837.50 $229,448 LOC
20042 TRUE N 18,725.00 0.00
30013 TRUE FALSE Hard 0.00 0.00
30092 TRUE FALSE Hard 0.00 0.00
9821000 TRUE TRUE N 10,625.00 0.00
9821001 TRUE TRUE N 0.00 0.00
9821002 TRUE TRUE N 6,062.50 0.00
9821003 TRUE TRUE N 11,500.00 0.00
9821004 TRUE TRUE N 9,412.50 0.00
9821005 TRUE TRUE N 0.00 0.00
9821006 TRUE FALSE N 0.00 0.00
9821007 TRUE TRUE N 59,491.25 0.00
9821009 TRUE TRUE N 65,343.75 17,000.00
9821010 FALSE N 0.00 0.00
9821011 TRUE TRUE N 24,287.50 0.00
9821012 TRUE FALSE N 0.00 0.00
9821013 TRUE TRUE N 2,875.00 0.00
9821014 TRUE TRUE N 5,062.50 0.00
9821015 TRUE TRUE N 9,000.00 0.00
9821016 FALSE N 0.00 0.00
9821018 TRUE FALSE N 1,875.00 0.00
9821020 TRUE TRUE N 750.00 0.00
9821021 TRUE N 35,375.00 0.00
9821022 TRUE N 45,693.75 0.00
9821023 TRUE N 10,250.00 0.00
9821024 TRUE N 41,831.25 0.00
9821025 TRUE N 79,931.25 0.00
9821026 TRUE N 4,000.00 1,500.00
9821027 TRUE N 47,625.00 0.00
9821028 TRUE TRUE N 14,556.25 0.00
9821029 TRUE TRUE N 4,250.00 0.00
9821030 TRUE TRUE N 0.00 625.00
9821031 TRUE TRUE N 0.00 0.00
9821034 TRUE TRUE N 14,625.00 0.00
9821037 TRUE TRUE N 0.00 0.00
9821038 TRUE TRUE N 43,125.00 3,750.00
9821039 TRUE TRUE N 0.00 0.00
9821040 TRUE TRUE N 29,756.25 0.00
9821041 TRUE TRUE N 18,750.00 10,250.00
9821042 FALSE N 0.00 0.00
9821044 FALSE N 0.00 0.00
9821045 TRUE TRUE N 85,237.50 0.00
9821046 TRUE N 0.00 0.00
9821048 TRUE TRUE N 76,818.75 0.00
9821049 TRUE TRUE TRUE N 41,656.25 1,500.00
9821050 TRUE TRUE N 17,312.50 0.00
Grace Insured Letter Interest Engin Def Environmental Init TI/LC
Control Semi Mortgage Mortgage of Reserve Maint Escrow Escrow @ Reserve Future TI/LC Reserve
Number Defeased Annual Loan Loan Credit Loan Lockbox ($) @ Close Close (Cleaned) Escrows (Cleaned)
====================================================================================================================================
9821051 TRUE TRUE N 1,843.75 0.00
9821052 TRUE TRUE N 0.00 0.00
9821053 TRUE TRUE N 3,906.25 0.00
9821054 TRUE TRUE N 4,696.25 0.00
9821056 TRUE TRUE N 8,937.50 0.00
9821057 TRUE FALSE N 41,250.00 0.00
9821058 TRUE TRUE N 25,125.00 313.00
9821059 TRUE TRUE N 58,437.50 0.00
9821060 TRUE TRUE N 34,875.00 0.00
9821061 TRUE TRUE N 33,812.50 0.00
9821062 TRUE TRUE N 10,937.50 0.00
9821063 TRUE TRUE N 9,215.00 0.00
9821064 TRUE TRUE N 12,875.00 0.00
9821065 TRUE TRUE N 0.00 0.00
9821066 TRUE TRUE N 15,391.25 0.00
9821067 TRUE TRUE N 77,881.25 0.00
9821068 TRUE N 0.00 0.00
9821069 TRUE TRUE N 1,125.00 0.00
9821071 TRUE TRUE N 11,875.00 0.00
9821072 TRUE TRUE N 5,000.00 0.00
9821074 TRUE TRUE N 8,500.00 0.00
9821075 TRUE TRUE N 7,856.25 0.00
9821076 TRUE TRUE N 10,512.50 0.00
9821081 TRUE TRUE N 9,056.25 0.00
9821082 TRUE TRUE N 7,593.75 0.00
9821097 TRUE TRUE N 22,506.25 0.00
9821098 TRUE TRUE N 66,250.00 312.50
9821099 TRUE TRUE N 12,800.00 0.00
9821100 TRUE TRUE N 4,687.50 0.00
9821101 TRUE TRUE N 6,675.00 0.00
9821102 TRUE TRUE N 10,060.00 0.00
9821103 TRUE FALSE N 8,250.00 0.00
9821104 TRUE FALSE N 5,625.00 0.00
9821105 TRUE FALSE N 63,775.00 0.00
9821107 TRUE TRUE N 42,062.50 0.00
9821109 TRUE N 0.00 0.00
9821111 TRUE TRUE N 40,875.00 1,875.00
9821112 TRUE TRUE N 32,555.00 0.00
9821115 TRUE TRUE N 27,437.50 0.00
9821121 TRUE TRUE N 2,625.00 5,625.00
9821122 TRUE TRUE N 6,591.25 0.00
9821122.1 FALSE 6,591.25 0.00
9821122.2 FALSE 44,347.50 0.00
9821124 TRUE TRUE N 242,283.75 0.00
9821125 TRUE TRUE N 39,111.25 0.00
9821126 TRUE TRUE N 35,647.50 1,250.00
9821130 TRUE TRUE N 124,947.00 0.00
9821133 TRUE TRUE N 11,275.00 0.00
9821142 TRUE TRUE N 0.00 0.00
9821143 TRUE TRUE N 43,636.25 0.00
9821144 TRUE TRUE N 0.00 0.00
9821145 TRUE TRUE N 0.00 0.00
9821146 TRUE TRUE N 58,125.00 0.00
Grace Insured Letter Interest Engin Def Environmental Init TI/LC
Control Semi Mortgage Mortgage of Reserve Maint Escrow Escrow @ Reserve Future TI/LC Reserve
Number Defeased Annual Loan Loan Credit Loan Lockbox ($) @ Close Close (Cleaned) Escrows (Cleaned)
====================================================================================================================================
9821149 TRUE TRUE N 0.00 0.00
9821150 TRUE TRUE N 0.00 0.00
9821151 TRUE TRUE N 0.00 0.00
9821152 TRUE TRUE N 30,313.00 0.00
9821154 TRUE TRUE N 72,375.00 0.00
9821155 TRUE TRUE N 101,038.75 0.00
9821156 TRUE TRUE N 5,000.00 687.50
9822000 TRUE TRUE N 0.00 0.00
9822001 TRUE TRUE N 0.00 0.00
9822003 TRUE TRUE N 0.00 0.00
9822004 TRUE TRUE N 2,375.00 0.00
9822005 TRUE TRUE N 0.00 0.00
9822007 TRUE TRUE N 16,000.00 0.00 100,000.00
9822012 TRUE N 0.00 0.00
9822014 TRUE TRUE N 0.00 0.00
9822015 TRUE N 6,875.00 31,250.00
9822016 TRUE N 83,775.00 1,500,000.00
9822017 TRUE TRUE N 5,250.00 0.00
9822018 TRUE TRUE N 4,962.50 0.00
9822026 TRUE TRUE N 34,932.50 0.00
9822027 TRUE FALSE N 0.00 0.00
9822029 TRUE N 650.00 0.00
9822030 TRUE N 25,937.50 0.00
9822031 TRUE TRUE N 10,250.00 37,500.00 25,749.96
9822032 TRUE N 25,637.50 0.00 200,000.00
9822033 TRUE TRUE N 20,500.00 0.00 1,040,000.00 180,000.00
9822034 TRUE TRUE N 7,610.00 0.00
9822035 TRUE N 9,506.25 0.00
9822036 TRUE TRUE N 20,312.50 0.00
9822037 TRUE N 8,187.50 0.00
9822038 TRUE N 12,362.50 0.00
9822039 TRUE TRUE N 0.00 0.00
9822041 TRUE N 0.00 0.00 82,000.00
9822042 TRUE TRUE N 28,687.50 0.00 500,000.00
9822043 TRUE TRUE N 7,625.00 0.00
9822044 TRUE TRUE N 82,855.00 None 39,900.00
9822045 TRUE TRUE N 1,250.00 0.00 100,000.00
9822046 TRUE N 15,375.00 0.00
9822047 TRUE TRUE N 0.00 0.00
9822048 TRUE TRUE N 18,737.50 0.00
9822049 TRUE TRUE N 13,500.00 0.00
9822050 TRUE TRUE N 0.00 0.00
9822051 TRUE TRUE N 39,093.75 0.00 54,250.00
9822053 TRUE TRUE N 0.00 0.00
9822056 TRUE TRUE N 26,715.00 0.00
9822058 TRUE TRUE N 4,812.50 0.00
9822059 TRUE TRUE N 18,562.50 0.00
9822060 TRUE TRUE N 18,375.00 0.00 39,000.00
9822061 TRUE TRUE N 0.00 0.00
9822062 TRUE TRUE N 22,937.50 0.00
9822063 TRUE TRUE N 220,637.50 0.00 400,000.00 Contingent $400,000
9822064 TRUE TRUE N 34,661.25 0.00 49,200.00
9822065 TRUE TRUE N 0.00 0.00
Grace Insured Letter Interest Engin Def Environmental Init TI/LC
Control Semi Mortgage Mortgage of Reserve Maint Escrow Escrow @ Reserve Future TI/LC Reserve
Number Defeased Annual Loan Loan Credit Loan Lockbox ($) @ Close Close (Cleaned) Escrows (Cleaned)
====================================================================================================================================
9822066 TRUE TRUE N 14,066.25 0.00
9822067 TRUE TRUE N 0.00 0.00
9822068 TRUE TRUE N 11,968.75 0.00
9822069 TRUE TRUE N 0.00 0.00
9822070 TRUE TRUE N 375.00 0.00
9822072 TRUE TRUE N 17,547.50 0.00
9822074 TRUE TRUE N 5,000.00 3,000.00
9822075 TRUE TRUE N 3,125.00 0.00 300,000.00
9822078 TRUE TRUE N 6,812.50 0.00
9822079 TRUE TRUE N 14,506.25 0.00 100,000.00
9822080 TRUE TRUE N 4,062.50 0.00
9822082 TRUE TRUE N 0.00 0.00
9822083 TRUE TRUE N 25,128.75 0.00
9822085 TRUE TRUE N 0.00 0.00
9822087 TRUE N 5,000.00 0.00
9822089 TRUE TRUE N 13,750.00 0.00
9822090 TRUE TRUE N 138,406.25 1,500.00 1,000,000.00
9822091 TRUE FALSE N 0.00 0.00
9822092 TRUE TRUE N 4,000.00 0.00
9822120 TRUE TRUE N 61,557.50 0.00
9822122 TRUE TRUE N 0.00 0.00
9822123 TRUE N 29,593.75 0.00 300,000.00 72,000.00
9822124 TRUE TRUE N 13,406.25 0.00
9822126 TRUE TRUE N 13,768.75 0.00
9822127 TRUE TRUE N 88,750.00 0.00 2,400,000.00 2,220,000.00
9822128 TRUE TRUE N 137,875.00 0.00
9822131 TRUE TRUE N 7,458.75 0.00
9822132 TRUE TRUE N 3,575.00 0.00
9822133 TRUE TRUE N 5,821.25 0.00
9822134 TRUE TRUE N 3,263.75 0.00
9822140 TRUE TRUE N 12,762.50 0.00
9822141 TRUE TRUE N 2,817.50 0.00
9822143 TRUE TRUE N 10,625.00 0.00
9822145 TRUE TRUE N 6,062.50 0.00
9822146 TRUE TRUE N 7,437.50 0.00 400,000.00
9822147 TRUE TRUE N 18,750.00 0.00 250,000.00
9822149 TRUE TRUE N 37,125.00 0.00
9822150 TRUE TRUE N 6,437.50 0.00
9822152 TRUE TRUE N 21,260.00 0.00 400,000.00
9822156 TRUE TRUE N 148,750.00 0.00
9822159 TRUE FALSE N 13,375.00 0.00 170,000.00
9822167 TRUE TRUE N 0.00 0.00
9822174 TRUE TRUE N 12,312.50 0.00
9822176 TRUE TRUE N 3,587.50 0.00
9822183 TRUE TRUE N 812.50 0.00
9822185 TRUE TRUE N 0.00 0.00
9822187 TRUE TRUE N 0.00 15,000.00
9822188 TRUE TRUE N 0.00 0.00
9822189 TRUE TRUE N 18,533.75 NA
9822191 TRUE TRUE N 35,250.00 0.00
9822192 TRUE TRUE N 62,348.75 0.00
9823000 TRUE FALSE Hard 0.00 0.00
9823009 TRUE FALSE Hard 0.00 0.00
Grace Insured Letter Interest Engin Def Environmental Init TI/LC
Control Semi Mortgage Mortgage of Reserve Maint Escrow Escrow @ Reserve Future TI/LC Reserve
Number Defeased Annual Loan Loan Credit Loan Lockbox ($) @ Close Close (Cleaned) Escrows (Cleaned)
====================================================================================================================================
9823010 TRUE FALSE Hard 0.00 0.00
9823012 TRUE FALSE Hard 0.00 0.00
9823026 TRUE FALSE Hard 0.00 0.00
9823028 TRUE FALSE Hard 0.00 0.00
9823030 FALSE Hard 0.00 0.00
9823031 FALSE Hard 1,425.00 0.00
9823032 TRUE FALSE Hard 1,425.00 0.00
9823033 FALSE Hard 0.00 0.00
9823035 TRUE TRUE FALSE Hard 0.00 0.00
9823042 TRUE FALSE Hard 0.00 0.00
9823054 TRUE FALSE Hard 0.00 0.00
9823069 TRUE FALSE Hard 0.00 0.00
9823072 TRUE FALSE Hard 0.00 0.00
9823074 TRUE FALSE Hard 0.00 0.00
9823076 TRUE FALSE Hard 0.00 0.00
9823082 TRUE FALSE Hard 0.00 0.00
9823094 TRUE FALSE Hard 0.00 0.00
9823097 TRUE FALSE Hard 0.00 0.00
9823098 FALSE Hard 0.00 0.00
9823099 TRUE FALSE Hard 0.00 0.00
9823101 TRUE FALSE Hard 0.00 0.00
9823102 FALSE Hard 0.00 0.00
9823109 TRUE FALSE Hard 0.00 0.00
9823113 TRUE FALSE Hard 1,343.75 21,562.50
9823114 TRUE FALSE Hard 0.00 0.00
9823115 TRUE FALSE Hard 0.00 0.00
9823118 FALSE Hard 0.00 0.00
9823121 TRUE FALSE Hard 3,054.00 0.00
Control
Number Other Escrows/Holdbacks/Credit Enhancements (Cleaned)
====================================================================================================================================
10000
10003
10004
10019
20007 Held back $5,000 until the parking lot was re-surfaced
20022
20025
20037
20042
30013
30092 $18,750 escrowed (125% of estimated amount) for finishing list related to Eckerd occupancy
9821000
9821001
9821002
9821003
9821004
9821005
9821006
9821007
9821009
9821010
9821011
9821012
9821013
9821014
9821015
9821016
9821018
9821020
9821021
9821022
9821023
9821024
9821025
9821026
9821027
9821028
9821029
9821030
9821031
9821034
9821037
9821038
9821039
9821040
9821041
9821042
9821044
9821045
9821046
9821048
9821049 LOC, $780,000, 5 years. DSCR, CLTV and OLTV are net the LOC amount.
9821050
Control
Number Other Escrows/Holdbacks/Credit Enhancements (Cleaned)
====================================================================================================================================
9821051
9821052
9821053
9821054
9821056
9821057
9821058
9821059
9821060
9821061
9821062
9821063
9821064
9821065
9821066
9821067
9821068
9821069
9821071
9821072
9821074
9821075
9821076
9821081
9821082
9821097
9821098
9821099
9821100
9821101
9821102
9821103
9821104
9821105
9821107
9821109
9821111
9821112
9821115
9821121
9821122
9821122.1
9821122.2
9821124
9821125
9821126
9821130
9821133
9821142
9821143
9821144
9821145
9821146
Control
Number Other Escrows/Holdbacks/Credit Enhancements (Cleaned)
====================================================================================================================================
9821149
9821150
9821151
9821152
9821154
9821155
9821156
9822000
9822001
9822003
9822004
9822005
9822007
9822012
9822014
9822015
9822016
9822017
9822018
9822026
9822027
9822029
9822030
9822031
9822032
9822033
9822034
9822035
9822036
9822037 $ 1,265,000 held for completion of parking structure
9822038
9822039
9822041 $ 28,762.25 was held until cleaners and Sub shop open for business.
9822042
9822043
9822044
9822045
9822046
9822047
9822048
9822049
9822050
9822051
9822053
9822056
9822058
9822059
9822060
9822061
9822062
9822063
9822064
9822065 $650,000 held back until Dragon House, Jitterbeans, and Hair Cuttery open for business
Control
Number Other Escrows/Holdbacks/Credit Enhancements (Cleaned)
====================================================================================================================================
9822066
9822067
9822068
9822069
9822070
9822072
9822074
9822075
9822078
9822079
9822080
9822082
9822083
9822085
9822087
9822089
9822090
9822091
9822092
9822120
9822122
9822123
9822124
9822126
9822127
9822128
9822131
9822132
9822133
9822134
9822140
9822141
9822143
9822145
9822146
9822147
9822149
9822150
9822152 A $300,000 Letter of Credit for the JC Penney rollover. LC can be used for TI
9822156 and LC if needed. LC will be released if JC Penney renews.
9822159
9822167
9822174
9822176
9822183
9822185
9822187
9822188
9822189 $575,000 discretionary escrow for Holiday Inn Select upgrade
9822191
9822192
9823000
9823009
Control
Number Other Escrows/Holdbacks/Credit Enhancements (Cleaned)
====================================================================================================================================
9823010
9823012
9823026
9823028
9823030
9823031
9823032
9823033
9823035
9823042
9823054
9823069
9823072
9823074
9823076
9823082
9823094
9823097
9823098
9823099
9823101
9823102
9823109
9823113
9823114
9823115
9823118
9823121
Exhibit B
Mortgage Loan File Exceptions
LOANID LNAME DOCTYPE EXNUM TEXT MEMOTEXT
321999C1 GATEWAY SHOPPIN NOTE 01 Missing NOTE COPY IN FILE
991999C1 CVS WALTHAM MAI NOTE 01 Missing COPY OF NOTE RECEIVED
1271999C1 48TH EXECUTIVE NOTE 01 Missing COPY RECEIVED
0000000X0 XXXXXX XXXXXX S NOTE 01 Missing COPY RECEIVED
2051999C1 XXXXXXXXX PINES NOTE 01 Missing COPY RECEIVED
2171999C1 LITTLE XXXXX XX NOTE 01 Missing COPY OF NOTE RECEIVED
2191999C1 KNOLLWOOD APART NOTE 01 Missing
2261999C1 SEARS UNION CEN NOTE 01 Missing REC'D COPY OF AMENDED AND RESTATED NOTE
FOR CORRECT AMOUNT
0000000X0 CONVENT AVE. NOTE 01 Missing REC'D COPY OF AMENDED NOTE NEED ORIGINAL
NOTE FOR 800,000
41999C1 PRINCE GEORGE'S NOTE 04 Pages Are Missing From Document NOTE PAGES 1 THRU 3 MISSING
2261999C1 SEARS UNION CEN NOTE 04 Pages Are Missing From Document MISSING PAGE 11
231999C1 LOWES HATTIESBU MODF 02 Document Is Copy, Need Original NOTE MODIFICATION IS A COPY
2151999C1 ASHTON PINES/SU MODF 02 Document Is Copy, Need Original NOTE MODIFICATION IS A COPY
11999C1 ONE CAPITAL CIT ASNV 01 Missing FUNB TO XXXXXXX XXXXXXX
00000X0 TURNBERRY TOWER ASNV 00 Xxxxxxx XXXX XX XXXXXXX XXXXXXX
00000X0 CABIN XXXX MALL ASNV 01 Missing FUNB TO XXXXXXX XXXXXXX
00000X0 PRINCE GEORGE'S ASNV 00 Xxxxxxx XXXX XX XXXXXXX XXXXXXX
00000X0 INLAND EMPIRE C ASNV 01 Missing FUNB TO NORWEST MISSING
61999C1 NEW BRIGHTON MA ASNV 01 Missing FUNB TO NORWEST MISSING
71999C1 CLARINBRIDGE ASNV 00 Xxxxxxx XXXX XX XXXXXXX XXXXXXX
00000X0 ROYAL PALM KEY ASNV 00 Xxxxxxx XXXX XX XXXXXXX XXXXXXX
00000X0 SADDLE CLUB ASNV 01 Missing FUNB TO NORWEST MISSING
101999C1 CORAL KEY APART ASNV 01 Missing FUNB TO NORWEST MISSING
111999C1 XXXXXXXX (5) ASNV 01 Missing FUNB TO NORWEST MISSING
121999C1 HARBOUR KEY APA ASNV 01 Missing FUNB TO NORWEST MISSING
131999C1 GARDENWOOD ASNV 01 Missing FUNB TO NORWEST MISSING
141999C1 MCALLEN EMBASSY ASNV 01 Missing FUNB TO NORWEST MISSING
151999C1 PANAMA CITY SQU ASNV 01 Missing FUNB TO NORWEST MISSING
161999C1 THE XXXXXXX AT ASNV 01 Missing FUNB TO NORWEST MISSING
171999C1 POINTE NORTH AP ASNV 01 Missing FUNB TO NORWEST MISSING
181999C1 PARK LEE APARTM ASNV 01 Missing FUNB TO NORWEST MISSING
191999C1 DUTCH VILLAGE A ASNV 01 Missing FUNB TO NORWEST MISSING
201999C1 LINCOLN PARK WE ASNV 01 Missing FUNB TO XXXXXXX XXXXXXX
000000X0 LOWE'S QUEENSBU ASNV 00 Xxxxxxx XXXX XX XXXXXXX XXXXXXX
000000X0 0000 XXXXXX XXX ASNV 01 Missing FUNB TO NORWEST MISSING
231999C1 LOWES HATTIESBU ASNV 01 Missing FUNB TO NORWEST MISSING
241999C1 VALLEY EAST PLA ASNV 01 Missing FUNB TO NORWEST MISSING
251999C1 TOWAMENCIN SHOP ASNV 01 Missing FUNB TO NORWEST MISSING
261999C1 HOLIDAY INN - ASNV 01 Missing FUNB TO NORWEST MISSING
271999C1 WESTLAKE VILLAG ASNV 01 Missing FUNB TO NORWEST MISSING
281999C1 LEESBURG PLAZA ASNV 01 Missing FUNB TO NORWEST MISSING
291999C1 XXXXX XXXXXX XX XXXX 00 Missing FUNB TO NORWEST MISSING
301999C1 XXXXXX RIDGE/BU ASNV 01 Missing FUNB TO NORWEST MISSING
311999C1 NATCHEZ MALL ASNV 01 Missing FUNB TO NORWEST MISSING
321999C1 GATEWAY SHOPPIN ASNV 01 Missing FUNB TO NORWEST MISSING
331999C1 DYERSBURG MALL ASNV 01 Missing FUNB TO XXXXXXX XXXXXXX
000000X0 XXXXXXX SUPERMA ASNV 01 Missing FUNB TO NORWEST MISSING
351999C1 XXXXXX XXXXXX ASNV 01 Missing FUNB TO NORWEST MISSING
361999C1 ROCHESTER APART ASNV 01 Missing FUNB TO NORWEST MISSING
371999C1 MOORINGS APARTM ASNV 01 Missing FUNB TO NORWEST MISSING
381999C1 8578 SANTA MONI ASNV 01 Missing FUNB TO XXXXXXX XXXXXXX
000000X0 000 XXXX 00XX X ASNV 01 Missing FUNB TO NORWEST MISSING
401999C1 SUGARLOAF ESTAT ASNV 01 Missing FUNB TO NORWEST MISSING
411999C1 HOLIDAY INN ROC ASNV 01 Missing FUNB TO NORWEST MISSING
421999C1 HAMPTON INN-AIR ASNV 01 Missing FUNB TO NORWEST MISSING
431999C1 THE CARLTON APA ASNV 01 Missing FUNB TO NORWEST MISSING
441999C1 BETHLEHEM HAMPT ASNV 01 Missing FUNB TO NORWEST MISSING
451999C1 ARROWHEAD APART ASNV 01 Missing FUNB TO NORWEST MISSING
461999C1 CENTRE AT XXXXX ASNV 01 Missing FUNB TO NORWEST MISSING
471999C1 LEXINGTON DOWNS ASNV 01 Missing FUNB TO NORWEST MISSING
481999C1 THE MONEY STORE ASNV 01 Missing FUNB TO NORWEST MISSING
491999C1 XXXXXXX MALL ASNV 01 Missing FUNB TO NORWEST MISSING
501999C1 BUNZL HICKSVILL ASNV 01 Missing FUNB TO NORWEST MISSING
511999C1 WESTGROVE APART ASNV 01 Missing FUNB TO NORWEST MISSING
521999C1 HAMPTON INN MIA ASNV 01 Missing FUNB TO NORWEST MISSING
531999C1 FOREST TOWERS ASNV 01 Missing FUNB TO NORWEST MISSING
541999C1 WOODMONT CORNER ASNV 01 Missing FUNB TO NORWEST MISSING
551999C1 THE MILLENIUM B ASNV 01 Missing FUNB TO NORWEST MISSING
561999C1 XXXXXXXXX XXXXX XXXX 00 Missing FUNB TO NORWEST MISSING
571999C1 TURTLE CREEK AP ASNV 01 Missing FUNB TO NORWEST MISSING
581999C1 BRIARWOOD HEALT ASNV 00 Xxxxxxx XXXX XX XXXXXXX XXXXXXX
000000X0 MOTEL 6 1118 AU ASNV 01 Missing FUNB TO NORWEST MISSING
601999C1 GATEWAY PLAZA ASNV 01 Missing FUNB TO NORWEST MISSING
611999C1 THE PINES AT CA ASNV 01 Missing FUNB TO NORWEST MISSING
621999C1 REDWOOD HEIGHTS ASNV 01 Missing FUNB TO NORWEST MISSING
631999C1 BRIARWOOD ASNV 01 Missing FUNB TO NORWEST MISSING
641999C1 RITE AID - XXXX XXXX 00 Missing FUNB TO NORWEST MISSING
651999C1 BEST WESTERN IN ASNV 01 Missing FUNB TO NORWEST MISSING
661999C1 SOUTHEASTERN EY ASNV 00 Xxxxxxx XXXX XX XXXXXXX XXXXXXX
000000X0 FRESH WAREHOUSI ASNV 01 Missing FUNB TO NORWEST MISSING
681999C1 XXXXXX PLAZA ASNV 01 Missing FUNB TO XXXXXXX XXXXXXX
000000X0 EMPIRE MEDICAL ASNV 01 Missing FUNB TO NORWEST MISSING
701999C1 ASHWOOD PLACE ASNV 01 Missing FUNB TO NORWEST MISSING
711999C1 BEST WESTERN MA ASNV 01 Missing FUNB TO NORWEST MISSING
721999C1 BIRCHWOOD APART ASNV 01 Missing FUNB TO NORWEST MISSING
731999C1 LA XXXXXX XXXXX ASNV 01 Missing FUNB TO NORWEST MISSING
741999C1 00000 XXXXX XXX ASNV 01 Missing FUNB TO NORWEST MISSING
751999C1 MOTEL 6 1273 XX XXXX 00 Missing FUNB TO NORWEST MISSING
761999C1 VALENCIA SHOPPI ASNV 01 Missing FUNB TO NORWEST MISSING
771999C1 DEVILLE ASNV 01 Missing FUNB TO NORWEST MISSING
781999C1 RIDGEWOOD APART ASNV 01 Missing FUNB TO NORWEST MISSING
791999C1 FAIRFIELD INN - ASNV 01 Missing FUNB TO NORWEST MISSING
801999C1 SILVER HILL APA ASNV 01 Missing FUNB TO NORWEST MISSING
811999C1 KIRNWOOD ASNV 01 Missing FUNB TO NORWEST MISSING
821999C1 MOTEL 6 352 RAP ASNV 01 Missing FUNB TO NORWEST MISSING
831999C1 XXXXXX XXXX XXXX 00 Missing FUNB TO NORWEST MISSING
841999C1 RAINBOW EXPRESS ASNV 01 Missing FUNB TO NORWEST MISSING
851999C1 FAIRFIELD INN B ASNV 01 Missing FUNB TO XXXXXXX XXXXXXX
000000X0 THE HIGHLANDS ASNV 00 Xxxxxxx XXXX XX XXXXXXX XXXXXXX
000000X0 PLANTERS CROSSI ASNV 01 Missing FUNB TO NORWEST MISSING
881999C1 HAMILTONIAN GAR ASNV 01 Missing FUNB TO NORWEST MISSING
891999C1 BENNINGTON SQUA ASNV 01 Missing FUNB TO NORWEST MISSING
901999C1 DAYS INN CENTRA ASNV 01 Missing FUNB TO NORWEST MISSING
911999C1 XXXXXX CENTER ASNV 01 Missing FUNB TO NORWEST MISSING
921999C1 XXXXX GARDENS ASNV 01 Missing FUNB TO NORWEST MISSING
931999C1 XXXXX MANOR ASS ASNV 01 Missing FUNB TO XXXXXXX XXXXXXX
000000X0 THE LENOX ASNV 01 Missing FUNB TO NORWEST MISSING
951999C1 SILVER BLUE LAK ASNV 01 Missing FUNB TO NORWEST MISSING
961999C1 XXXXXX CROSSING ASNV 01 Missing FUNB TO NORWEST MISSING
971998C1 COMFORT INN - L ASNV 01 Missing FUNB TO NORWEST MISSING
981999C1 CASTILIAN LAKE ASNV 00 Xxxxxxx XXXX XX XXXXXXX XXXXXXX
000000X0 CVS WALTHAM MAI ASNV 01 Missing FUNB TO NORWEST MISSING
1001999C1 BEST WESTERN IN ASNV 01 Missing FUNB TO NORWEST MISSING
1011999C1 112, 114, 116,1 ASNV 01 Missing FUNB TO NORWEST MISSING
1021999C1 XXXXXXXX XXXXX XXXX 00 Missing FUNB TO NORWEST MISSING
0000000X0 ST. XXXXX XXXXX ASNV 01 Missing FUNB TO NORWEST MISSING
1041999C1 SPANISH OAKS ASNV 01 Missing FUNB TO NORWEST MISSING
1051999C1 ABBEY APTS. ASNV 01 Missing FUNB TO NORWEST MISSING
1061999C1 ROYAL PALMS ASNV 01 Missing FUNB TO NORWEST MISSING
1071999C1 MOTEL 6 1261 HO ASNV 01 Missing FUNB TO NORWEST MISSING
1081999C1 BEST BUY STORE ASNV 01 Missing FUNB TO NORWEST MISSING
1091999C1 DAYS INN OCEANS ASNV 01 Missing FUNB TO NORWEST MISSING
1101999C1 WELBY PARK ESTA ASNV 01 Missing FUNB TO NORWEST MISSING
0000000X0 MOTEL 6 284 SOU ASNV 01 Missing FUNB TO NORWEST MISSING
1121999C1 COOPERS POND AP ASNV 01 Missing FUNB TO NORWEST MISSING
1131999C1 ROUND GROVE CRO ASNV 01 Missing FUNB TO NORWEST MISSING
1141999C1 BEST WESTERN ST ASNV 01 Missing FUNB TO NORWEST MISSING
1151999C1 RITE AID LITTLE ASNV 01 Missing FUNB TO NORWEST MISSING
1161999C1 0 XXXXXXXXX XXX ASNV 01 Missing FUNB TO NORWEST MISSING
1171999C1 CELLUAR ONE SHO ASNV 01 Missing FUNB TO NORWEST MISSING
1181998C1 GREENRIDGE XXXX XXXX 00 Missing FUNB TO NORWEST MISSING
1191999C1 XXXXXX XXXXX XXXX 00 Missing FUNB TO NORWEST MISSING
1201999C1 SUN CENTER ASNV 01 Missing FUNB TO NORWEST MISSING
1211999C1 SIGNAL HILL APA ASNV 01 Missing FUNB TO NORWEST MISSING
1221999C1 LAKEVIEW TOWNHO ASNV 01 Missing FUNB TO NORWEST MISSING
1231999C1 GRANVILLE APTS. ASNV 01 Missing FUNB TO NORWEST MISSING
1241999C1 CHESAPEAKE STAT ASNV 01 Missing FUNB TO NORWEST MISSING
1251999C1 CHAPEL TRAIL CO ASNV 01 Missing FUNB TO NORWEST MISSING
1261999C1 GATEWAY XXXXX-X XXXX 00 Missing FUNB TO NORWEST MISSING
1271999C1 48TH EXECUTIVE ASNV 01 Missing FUNB TO NORWEST MISSING
1281999C1 BROOKSTONE MANO ASNV 01 Missing FUNB TO NORWEST MISSING
0000000X0 GARDENA WEST PA ASNV 01 Missing FUNB TO NORWEST MISSING
1301999C1 WESTGATE APARTM ASNV 01 Missing METROPOLITAN FUNDING TO NORWEST
1311999C1 MIDTOWN MARKET ASNV 01 Missing FUNB TO NORWEST MISSING
1321999C1 EZ8 MOTEL (GOOD ASNV 01 Missing FUNB TO NORWEST MISSING
1331999C1 GRANDVIEW PLAZA ASNV 01 Missing FUNB TO NORWEST MISSING
1341999C1 RITE AID NORFOL ASNV 01 Missing FUNB TO NORWEST MISSING
1351999C1 WALGREEN PEMBRO ASNV 01 Missing FUNB TO NORWEST MISSING
1361999C1 SAND COVE APART ASNV 01 Missing FUNB TO NORWEST MISSING
0000000X0 AMERIHOST INN / ASNV 01 Missing FUNB TO NORWEST MISSING
1381999C1 WALGREEN MELBOU ASNV 01 Missing FUNB TO NORWEST MISSING
1391999C1 GREENLAWN APART ASNV 01 Missing FUNB TO NORWEST MISSING
1401999C1 TENNESSEE VILLA ASNV 01 Missing FUNB TO NORWEST MISSING
1411999C1 HOLIDAY INN EXP ASNV 01 Missing FUNB TO NORWEST MISSING
1421999C1 NEW MEADOWBROOK ASNV 01 Missing METROPOLITAN FUNDING TO NORWEST
1431999C1 RITE AID SAGINA ASNV 01 Missing FUNB TO NORWEST MISSING
1441999C1 RITE AID DOVER ASNV 01 Missing FUNB TO NORWEST MISSING
0000000X0 MOTEL 6 134 SAN ASNV 01 Missing FUNB TO NORWEST MISSING
1461999C1 TOWN WEST PLAZA ASNV 01 Missing FUNB TO NORWEST MISSING
1471999C1 XXXXXXX XXXXXX XXXX 00 Missing FUNB TO NORWEST MISSING
1481999C1 RITE AID - DIXI ASNV 01 Missing FUNB TO NORWEST MISSING
1491999C1 COHANNET VILLAG ASNV 01 Missing FUNB TO NORWEST MISSING
1501999C1 SHELBOURNE XXXX ASNV 01 Missing FUNB TO NORWEST MISSING
1511999C1 HOLIDAY INN EXP ASNV 01 Missing FUNB TO NORWEST MISSING
0000000X0 WALGREEN JACKSO ASNV 01 Missing FUNB TO NORWEST MISSING
1531999C1 SOUTHAMPTON APA ASNV 01 Missing METROPOLITAN FUNDING TO NORWEST
1541999C1 4600 N. HARLEM ASNV 01 Missing FUNB TO NORWEST MISSING
1551999C1 SOUTHERN PINES ASNV 01 Missing FUNB TO NORWEST MISSING
1561999C1 BOCA WINDS ASNV 01 Missing FUNB TO NORWEST MISSING
1571999C1 XXXXXX SQUARE S ASNV 01 Missing FUNB TO NORWEST MISSING
1581999C1 GLENSIDE KMART ASNV 01 Missing FUNB TO NORWEST MISSING
1591999C1 BEST WESTERN IN ASNV 01 Missing FUNB TO NORWEST MISSING
0000000X0 COMFORT INN TRO ASNV 01 Missing FUNB TO NORWEST MISSING
1611999C1 ECKERD POMPANO ASNV 01 Missing FUNB TO NORWEST MISSING
1621999C1 WALGREEN HIALEA ASNV 01 Missing FUNB TO NORWEST MISSING
1631999C1 VILLA EAST ASNV 01 Missing FUNB TO NORWEST MISSING
1641999C1 COMCAST DATA CE ASNV 01 Missing FUNB TO NORWEST MISSING
1651999C1 F & W OFFICE PA ASNV 01 Missing FUNB TO NORWEST MISSING
1661999C1 WALGREENS FT WO ASNV 01 Missing FUNB TO NORWEST MISSING
1671999C1 RITE AID LOUISV ASNV 01 Missing FUNB TO NORWEST MISSING
1681999C1 WARNER SELF STO ASNV 01 Missing FUNB TO NORWEST MISSING
1691999C1 XXXXXX - XXXXXX XXXX 00 Missing FUNB TO NORWEST MISSING
1701999C1 1021/1101/1103- ASNV 01 Missing FUNB TO NORWEST MISSING
1711999C1 COUNTRY CLUB ES ASNV 01 Missing FUNB TO NORWEST MISSING
1721999C1 SACK AND SAVE G ASNV 01 Missing FUNB TO NORWEST MISSING
1731999C1 RITE AID - PORT ASNV 01 Missing FUNB TO NORWEST MISSING
1741999C1 THRIPPENCE ASNV 01 Missing FUNB TO NORWEST MISSING
1751999C1 SALEM PINES APA ASNV 01 Missing METROPOLITAN FUNDING TO NORWEST
1761999C1 XXXXXX MANOR ASNV 01 Missing FUNB TO NORWEST MISSING
1771999C1 FOX RUN ASNV 01 Missing FUNB TO NORWEST MISSING
0000000X0 RAMADA LIMITED ASNV 01 Missing FUNB TO NORWEST MISSING
1791999C1 ELMS APARTMENT ASNV 01 Missing FUNB TO NORWEST MISSING
1801999C1 XXXXXXXX NORTH ASNV 01 Missing FUNB TO NORWEST MISSING
1811999C1 WOODBINE GARDEN ASNV 01 Missing FUNB TO NORWEST MISSING
1821999C1 ARBOR APARTMENT ASNV 01 Missing FUNB TO NORWEST MISSING
1831999C1 SHOPPES AT HOME ASNV 01 Missing FUNB TO NORWEST MISSING
1841999C1 0000 X. XX. GEO ASNV 01 Missing FUNB TO NORWEST MISSING
1851999C1 TOWER PLAZA ASNV 01 Missing FUNB TO NORWEST MISSING
0000000X0 XXXXXX XXXXXX S ASNV 01 Missing FUNB TO NORWEST MISSING
1871999C1 HILLTOP APARTME ASNV 00 Xxxxxxx XXXX XX XXXXXXX XXXXXXX
0000000X0 103 XXXXXXXX ASNV 01 Missing XXXXXX NATIONAL COMMERCIAL MORTG TO NORWEST
1891999C1 RITE AID BATTLE ASNV 01 Missing FUNB TO NORWEST MISSING
1901999C1 ENGLISH GARDEN ASNV 01 Missing FUNB TO NORWEST MISSING
1911999C1 2995 BASELINE O ASNV 01 Missing FUNB TO NORWEST MISSING
1921999C1 GRANDVIEW PLAZA ASNV 01 Missing FUNB TO NORWEST MISSING
1931999C1 MADISON SQUARE ASNV 01 Missing FUNB TO NORWEST MISSING
0000000X0 HICKORY MANOR ASNV 01 Missing FUNB TO NORWEST MISSING
1951999C1 MICHIGAN MARKET ASNV 01 Missing FUNB TO NORWEST MISSING
1961999C1 COMFORT INN MAX ASNV 01 Missing FUNB TO NORWEST MISSING
1971999C1 THE CROSSINGS A ASNV 01 Missing FUNB TO NORWEST MISSING
1981999C1 CVS COLUMBIA S ASNV 01 Missing FUNB TO NORWEST MISSING
1991999C1 SANTA XXXXXXX A ASNV 01 Missing FUNB TO NORWEST MISSING
2001999C1 XXXX MEMORIAL N ASNV 01 Missing FUNB TO NORWEST MISSING
2011999C1 ECKERD DRUGSTOR ASNV 01 Missing FUNB TO NORWEST MISSING
0000000X0 LAKE PLACID INN ASNV 01 Missing FUNB TO NORWEST MISSING
2031999C1 HILLTOP HOUSE A ASNV 01 Missing FUNB TO NORWEST MISSING
2041999C1 CVS YORK RICHLA ASNV 01 Missing FUNB TO NORWEST MISSING
2051999C1 XXXXXXXXX PINES ASNV 01 Missing FUNB TO NORWEST MISSING
2061999C1 PIGGLY WIGGLY ASNV 01 Missing FUNB TO NORWEST MISSING
2071999C1 CVS ROCHESTER H ASNV 01 Missing FUNB TO NORWEST MISSING
2081999C1 PARK SOUTH APAR ASNV 01 Missing FUNB TO NORWEST MISSING
2091999C1 SPRUCEMONT XXXX XXXX 00 Missing FUNB TO NORWEST MISSING
0000000X0 XXXXXXXX XXXXXX XXXX 00 Missing FUNB TO NORWEST MISSING
2111999C1 XXXXXXXXXXX ASNV 01 Missing FUNB TO NORWEST MISSING
2121999C1 XXXXX MINI STOR ASNV 01 Missing FUNB TO NORWEST MISSING
2131999C1 00 XXXXXXXX XXX XXXX 00 Missing MULTI LOAN MC TO NORWEST
2141999C1 2420 ROSWELL ASNV 01 Missing FUNB TO NORWEST MISSING
2151999C1 ASHTON PINES/SU ASNV 01 Missing FUNB TO NORWEST MISSING
2161999C1 COLONIAL HEALTH ASNV 01 Missing FUNB TO NORWEST MISSING
2171999C1 LITTLE XXXXX XX ASNV 01 Missing FUNB TO NORWEST MISSING
2181999C1 PARK REGENCY AP ASNV 01 Missing METROPOLITAN FUNDING TO NORWEST
2191999C1 KNOLLWOOD APART ASNV 01 Missing FUNB TO NORWEST MISSING
2201999C1 IHOP DOUGLASVIL ASNV 01 Missing FUNB TO NORWEST MISSING
2211999C1 415-417 XXXXX; ASNV 01 Missing FUNB TO NORWEST MISSING
2221999C1 TIMBER TRAILS ASNV 01 Missing FUNB TO NORWEST MISSING
2231999C1 THE LANDINGS ASNV 01 Missing FUNB TO NORWEST MISSING
2241999C1 825 & 835 WISCO ASNV 01 Missing FUNB TO NORWEST MISSING
2251999C1 GASTONIA VILLAG ASNV 01 Missing FUNB TO NORWEST MISSING
2261999C1 SEARS UNION CEN ASNV 01 Missing FUNB TO NORWEST MISSING
2271999C1 OAK XXXXX NURSI ASNV 01 Missing FUNB TO NORWEST MISSING
0000000X0 VISTA XXXXXX AP ASNV 01 Missing FUNB TO NORWEST MISSING
2291999C1 AZALEA APARTMEN ASNV 01 Missing FUNB TO NORWEST MISSING
2301999C1 CVS/REVCO DRUGS ASNV 01 Missing FUNB TO NORWEST MISSING
2311999C1 XXXX VILLAGE ASNV 01 Missing LIBERTY TO NORWEST
2321999C1 VANDERMERE MOBI ASNV 01 Missing FUNB TO NORWEST MISSING
2331999C1 ASHTON POINTE/E ASNV 01 Missing FUNB TO NORWEST MISSING
2341999C1 000 XXXXXX XXXX ASNV 01 Missing FUNB TO NORWEST MISSING
2351999C1 SCARBOROUGH MEW ASNV 01 Missing FUNB TO NORWEST MISSING
0000000X0 131-133 XXXXXXX ASNV 01 Missing FUNB TO NORWEST MISSING
2371999C1 CONVENT AVE. ASNV 01 Missing METROPOLITAN FUNDING TO NORWEST
2381999C1 XXXXXX ARMS ASNV 00 Xxxxxxx XXXX XX XXXXXXX XXXXXXX
00X0000X0 XXXXXX ARMS ASNV 01 Missing FUNB TO XXXXXXX XXXXXXX
00X0000X0 XXXXXX XXXXX ASNV 01 Missing FUNB TO NORWEST MISSING
Exhibit C
Form of Opinion
I have acted as counsel to First Union National Bank ("FUNB"). First
Union Commercial Mortgage Securities, Inc. will acquire certain mortgage loans
from FUNB pursuant to the Mortgage Loan Purchase Agreement, dated as of December
1, 1998 (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 FUNB
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 FUNB in
the Mortgage Loan Purchase Agreement, (ii) relevant resolutions of the Board of
Directors of FUNB, (iii) certificates of responsible officers of FUNB 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 FUNB, records of proceedings taken by FUNB, and such other corporate
documents and records of FUNB, 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 FUNB), 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) FUNB 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.
(2) The Mortgage Loan Purchase Agreement has been duly authorized,
executed and delivered by FUNB.
(3) The execution, delivery and performance by FUNB of the Mortgage
Loan Purchase Agreement will not conflict with, result in a breach of, or
constitute a default under any material term of FUNB's certificate of
incorporation or bylaws, any term or provision of any material contract,
agreement or other instrument known to me to which FUNB 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 FUNB.
(4) The Mortgage Loan Purchase Agreement constitutes, assuming due
authorization, execution and delivery by the other party thereto, the valid and
binding obligation of FUNB enforceable against FUNB 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 FUNB 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,
