Exhibit 99.1 MORTGAGE LOAN PURCHASE AGREEMENT LASALLE LOANS Mortgage Loan Purchase Agreement (this "Agreement"), dated as of December 1, 2006, between LaSalle Bank National Association (the "Seller"), and Morgan Stanley Capital I Inc. (the...
Exhibit 99.1
MORTGAGE LOAN PURCHASE AGREEMENT
LASALLE LOANS
Mortgage Loan Purchase Agreement (this "Agreement"), dated as of
December 1, 2006, between LaSalle Bank National Association (the "Seller"), and
Xxxxxx Xxxxxxx Capital I Inc. (the "Purchaser").
The Seller agrees to sell, and the Purchaser agrees to purchase,
certain mortgage loans listed on Exhibit 1 hereto (the "Mortgage Loans") as
described herein. The Purchaser will convey the Mortgage Loans to a trust (the
"Trust") created pursuant to a Pooling and Servicing Agreement (the "Pooling and
Servicing Agreement"), dated as of December 1, 2006, between the Purchaser, as
depositor, Capmark Finance Inc. as General Master Servicer, Prudential Asset
Resources, Inc. as Prudential Master Servicer, ARCap Servicing, Inc., as Special
Servicer, LaSalle Bank National Association as Paying Agent and Certificate
Registrar and Xxxxx Fargo Bank, N.A. as Trustee. In exchange for the Mortgage
Loans and certain other mortgage loans (the "Other Mortgage Loans") to be
purchased by the Purchaser, the Trust will issue to the Depositor pass-through
certificates to be known as Xxxxxx Xxxxxxx Capital I Inc., Commercial Mortgage
Pass-Through Certificates, Series 2006-IQ12 (the "Certificates"). The
Certificates will be issued pursuant to the Pooling and Servicing Agreement.
Capitalized terms used herein but not defined herein shall have the
meanings assigned to them in the Pooling and Servicing Agreement.
The Class A-1, Class A-1A, Class A-2, Class A-NM, Class A-3, Class
A-AB, Class A-4, Class A-M, Class A-MFL, Class A-J, Class B, Class C, Class D,
Class E and Class F Certificates (the "Public Certificates") will be sold by the
Purchaser to Xxxxxx Xxxxxxx & Co. Incorporated, LaSalle Financial Services,
Inc., Greenwich Capital Markets, Inc., Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx
Incorporated and SunTrust Capital Markets Inc. (collectively, the
"Underwriters"), pursuant to an Underwriting Agreement, between the Purchaser
and the Underwriters, dated December 14, 2006 (the "Underwriting Agreement"),
and the Class X-1, Class X-2, Class X-W, Class G, Class H, Class J, Class K,
Class L, Class M, Class N, Class O, Class P, Class Q, Class S, Class EI, Class
R-I, Class R-II and Class R-III Certificates (collectively, the "Private
Certificates") will be sold by the Purchaser to Xxxxxx Xxxxxxx & Co.
Incorporated (in such capacity, the "Initial Purchaser") pursuant to a
Certificate Purchase Agreement, between the Purchaser and the Initial Purchaser,
dated December 14 2006 (the "Certificate Purchase Agreement"). The Underwriters
will offer the Public Certificates for sale publicly pursuant to a Prospectus
dated December 14, 2006, as supplemented by a Prospectus Supplement dated
December 14, 2006 (together, the "Prospectus Supplement"), and the Initial
Purchaser will offer the Private Certificates (other than the Class EI, Class
R-I, Class R-II and Class R-III Certificates) for sale in transactions exempt
from the registration requirements of the Securities Act of 1933 pursuant to a
Private Placement Memorandum, dated as of December 14, 2006 (the "Memorandum").
In consideration of the mutual agreements contained herein, the
Seller and the Purchaser hereby agree as follows:
Section 1. Agreement to Purchase. The Seller agrees to sell, and the
Purchaser agrees to purchase, on a servicing released basis (subject to certain
agreements regarding servicing as provided in the Pooling and Servicing
Agreement, subservicing agreements in existence as of the Closing Date and the
Servicing Rights Purchase Agreement), the Mortgage Loans identified on the
schedule (the "Mortgage Loan Schedule") annexed hereto as Exhibit 1. The
Mortgage Loans will have an aggregate principal balance 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, of $1,186,092,370. The sale of the
Mortgage Loans shall take place on December 21, 2006 or such other date as shall
be mutually acceptable to the parties hereto (the "Closing Date"). The purchase
price to be paid by the Purchaser for the Mortgage Loans shall equal the amount
set forth as such purchase price on Exhibit 3 hereto. The purchase price shall
be paid to the Seller by wire transfer in immediately available funds on the
Closing Date.
On the Closing Date, the Purchaser will assign to the Trustee
pursuant to the Pooling and Servicing Agreement all of its right, title and
interest in and to the Mortgage Loans and its rights under this Agreement (to
the extent set forth in Section 15), and the Trustee shall succeed to such
right, title and interest in and to the Mortgage Loans and the Purchaser's
rights under this Agreement (to the extent set forth in Section 15).
Section 2. Conveyance of Mortgage Loans. Effective as of the Closing
Date, subject only to receipt of the consideration referred to in Section 1
hereof and the satisfaction of the conditions specified in Sections 6 and 7
hereof, the Seller does hereby transfer, assign, set over and otherwise convey
to the Purchaser, without recourse, all the right, title and interest of the
Seller, subject to certain agreements regarding servicing as provided in the
Pooling and Servicing Agreement, subservicing agreements in existence as of the
Closing Date and that certain Servicing Rights Purchase Agreement, dated
December 21, 2006, will be executed by the Seller and the Master Servicer, in
and to the Mortgage Loans identified on the Mortgage Loan Schedule as of the
Closing Date. The Mortgage Loan Schedule, as it may be amended from time to time
on or prior to the Closing Date, shall conform to the requirements of this
Agreement and the Pooling and Servicing Agreement. In connection with such
transfer and assignment, the Seller shall deliver to or on behalf of the
Trustee, on behalf of the Purchaser, on or prior to the Closing Date, the
Mortgage Note (as described in clause (a) below) for each Mortgage Loan. In
addition, not later than the 30th day following the Closing Date, the Seller
shall deliver to or on behalf of the Trustee each of the remaining documents or
instruments specified below (with such exceptions and additional time periods as
are permitted by this Section) with respect to each Mortgage Loan (each, a
"Mortgage File"). (The Seller acknowledges that the term "without recourse" does
not modify the duties of the Seller under Section 5 hereof.)
All Mortgage Files, or portions thereof, delivered prior to the
Closing Date are to be held by or on behalf of the Trustee in escrow on behalf
of the Seller at all times prior to the Closing Date. The Mortgage Files shall
be released from escrow upon closing of the sale of the Mortgage Loans and
payments of the purchase price therefor as contemplated hereby. The Mortgage
File for each Mortgage Loan shall contain the following documents:
(a) The original Mortgage Note bearing all intervening endorsements,
endorsed by an allonge attached thereto or endorsed in blank or endorsed "Pay to
the order of Xxxxx Fargo Bank, N.A., as Trustee for Xxxxxx Xxxxxxx Capital I
Inc., Commercial Mortgage Pass-Through Certificates, Series 2006-IQ12, without
recourse, representation or warranty" or if the original Mortgage Note is not
included therein, then a lost note affidavit and indemnity, with a copy of the
Mortgage Note attached thereto;
(b) The original Mortgage, with evidence of recording thereon, and,
if the Mortgage was executed pursuant to a power of attorney, a certified true
copy of the power of attorney certified by the public recorder's office, with
evidence of recording thereon (if recording is customary in the jurisdiction in
which such power of attorney was executed), or certified by a title insurance
company or escrow company to be a true copy thereof; provided that if such
original Mortgage cannot be delivered with evidence of recording thereon on or
prior to the 90th day following the Closing Date because of a delay caused by
the public recording office where such original Mortgage has been delivered for
recordation or because such original Mortgage has been lost, the Seller shall
deliver or cause to be delivered to the Trustee a true and correct copy of such
Mortgage, together with (i) in the case of a delay caused by the public
recording office, an Officer's Certificate (as defined below) of the Seller
stating that such original Mortgage has been sent to the appropriate public
recording official for recordation or (ii) in the case of an original Mortgage
that has been lost after recordation, a certification by the appropriate county
recording office where such Mortgage is recorded that such copy is a true and
complete copy of the original recorded Mortgage;
(c) The originals of all agreements modifying a Money Term or other
material modification, consolidation and extension agreements, if any, with
evidence of recording thereon (if applicable) or if any such original
modification, consolidation or extension agreement has been delivered to the
appropriate recording office for recordation and either has not yet been
returned on or prior to the 90th day following the Closing Date with evidence of
recordation thereon or has been lost after recordation, a true copy of such
modification, consolidation or extension certified by the Seller together with
(i) in the case of a delay caused by the public recording office, an Officer's
Certificate of the Seller stating that such original modification, consolidation
or extension agreement has been dispatched or sent to the appropriate public
recording official for recordation or (ii) in the case of an original
modification, consolidation or extension agreement that has been lost after
recordation, a certification by the appropriate county recording office where
such document is recorded that such copy is a true and complete copy of the
original recorded modification, consolidation or extension agreement, and the
originals of all assumption agreements, if any;;
(d) Originals of all intervening assignments of Mortgage, if any,
with evidence of recording thereon or, if such original assignments of Mortgage
have been delivered to the appropriate recorder's office for recordation,
certified true copies of such assignments of Mortgage certified by the Seller,
or in the case of an original blanket intervening assignment of Mortgage
retained by the Seller, a copy thereof certified by the Seller or, if any
original intervening assignment of Mortgage has not yet been returned on or
prior to the 90th day following the Closing Date from the applicable recording
office or has been lost, a true and correct copy thereof, together with (i) in
the case of a delay caused by the public recording office, an Officer's
Certificate of the Seller stating that such original intervening assignment of
Mortgage has been sent to the appropriate public recording official for
recordation or (ii) in the case of an original intervening assignment of
Mortgage that has been lost after recordation, a certification by the
appropriate county recording office where such assignment is recorded that such
copy is a true and complete copy of the original recorded intervening assignment
of Mortgage;
(e) An original Assignment of Mortgage for each Mortgage Loan, in
form and substance acceptable for recording (except for recording information
not yet available if the instrument being recorded has not been returned from
the applicable recording office), signed by the holder of record in blank or in
favor of "Xxxxx Fargo Bank, N.A., as Trustee for Xxxxxx Xxxxxxx Capital I Inc.,
Commercial Mortgage Pass-Through Certificates, Series 2006-IQ12";
(f) If the related Assignment of Leases is separate from the
Mortgage, the original of such Assignment of Leases with evidence of recording
thereon or certified by a title insurance company or escrow company to be a true
copy thereof; provided that if such Assignment of Leases has not been returned
on or prior to the 90th day following the Closing Date because of a delay caused
by the applicable public recording office where such Assignment of Leases has
been delivered for recordation or because such original Assignment of Leases has
been lost, the Seller shall deliver or cause to be delivered to the Trustee a
true and correct copy of such Assignment of Leases submitted for recording,
together with, (i) in the case of a delay caused by the public recording office,
an Officer's Certificate of the Seller stating that such Assignment of Leases
has been dispatched or sent to the appropriate public recording official for
recordation or (ii) in the case of an original Assignment of Leases that has
been lost after recordation, a certification by the appropriate county recording
office where such Assignment of Leases is recorded that such copy is a true and
complete copy of the original recorded Assignment of Leases, in each case
together with an original assignment of such Assignment of Leases, in recordable
form (except for recording information not yet available if the instrument being
recorded has not been returned from the applicable recording office), signed by
the holder of record in favor of "Xxxxx Fargo Bank, N.A., as Trustee for Xxxxxx
Xxxxxxx Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series
2006-IQ12," which assignment may be effected in the related Assignment of
Mortgage;
(g) The original or a copy of each guaranty, if any, constituting
additional security for the repayment of such Mortgage Loan;
(h) The original Title Insurance Policy, or in the event such
original Title Insurance Policy has not been issued, a binder, actual
"marked-up" title commitment, pro forma policy, or an agreement to provide any
of the foregoing pursuant to binding escrow instructions executed by the title
company or its authorized agent with the original Title Insurance Policy to
follow within one hundred eighty (180) days of the Closing Date, or a copy of
any of the foregoing certified by the title company with the original Title
Insurance Policy to follow within one hundred eighty (180) days of the Closing
Date, or a preliminary title report with the original Title Insurance Policy to
follow within one hundred eighty (180) days of the Closing Date;
(i) (A) Copies of UCC financing statements (together with all
assignments thereof) filed in connection with a Mortgage Loan and (B) UCC-2 or
UCC-3 financing statements assigning such UCC financing statements to the
Trustee delivered in connection with the Mortgage Loan;
(j) Copies of the related ground lease(s), if any, to any Mortgage
Loan where the Mortgagor is the lessee under such ground lease and there is a
lien in favor of the mortgagee in such lease.
(k) Copies of any loan agreements, lock-box agreements and
intercreditor agreements, if any, related to any Mortgage Loan;
(l) Either (A) the original of each letter of credit, if any,
constituting additional collateral for such Mortgage Loan (other than letters of
credit representing tenant security deposits which have been collaterally
assigned to the lender), which shall be assigned and delivered to the Trustee on
behalf of the Trust with a copy to be held by the Primary Servicer (or the
Master Servicer), and applied, drawn, reduced or released in accordance with
documents evidencing or securing the applicable Mortgage Loan, the Pooling and
Servicing Agreement and the Primary Servicing Agreement or (B) the original of
each letter of credit, if any, constituting additional collateral for such
Mortgage Loan (other than letters of credit representing tenant security
deposits which have been collaterally assigned to the lender), which shall be
held by the applicable Primary Servicer (or the Master Servicer) on behalf of
the Trustee, with a copy to be held by the Trustee, and applied, drawn, reduced
or released in accordance with documents evidencing or securing the applicable
Mortgage Loan, the Pooling and Servicing Agreement and the Primary Servicing
Agreement (it being understood that the Seller has agreed (a) that the proceeds
of such letter of credit belong to the Trust, (b) to notify, on or before the
Closing Date, the bank issuing the letter of credit that the letter of credit
and the proceeds thereof belong to the Trust, and to use reasonable efforts to
obtain within thirty (30) days (but in any event to obtain within ninety (90)
days) following the Closing Date, an acknowledgement thereof by the bank (with a
copy of such acknowledgement to be sent to the Trustee) or a reissued letter of
credit and (c) to indemnify the Trust for any liabilities, charges, costs, fees
or other expenses accruing from the failure of the Seller to assign the letter
of credit hereunder). In the case of clause (B) above, any letter of credit held
by the applicable Primary Servicer (or Master Servicer) shall be held in its
capacity as agent of the Trust, and if the applicable Primary Servicer (or
Master Servicer) sells its rights to service the applicable Mortgage Loan, the
applicable Primary Servicer (or Master Servicer) has agreed to assign the
applicable letter of credit to the Trust or at the direction of the Special
Servicer to such party as the Special Servicer may instruct, in each case, at
the expense of the applicable Primary Servicer (or Master Servicer). The
applicable Primary Servicer (or Master Servicer) has agreed to indemnify the
Trust for any loss caused by the ineffectiveness of such assignment;
(m) The original or a copy of the environmental indemnity agreement,
if any, related to any Mortgage Loan;
(n) Copies of third-party management agreements, if any, for all
hotels and for such other Mortgaged Properties securing Mortgage Loans with a
Cut-Off Date principal balance equal to or greater than $20,000,000.00;
(o) The original of any Environmental Insurance Policy or, if the
original is held by the related Mortgagor, a copy thereof;
(p) A copy of any affidavit and indemnification agreement in favor
of the lender;
(q) With respect to hospitality properties, a copy of any franchise
agreement, franchise comfort letter and applicable assignment or transfer
documents;
"Officer's Certificate" shall mean a certificate signed by one or
more of the Chairman of the Board, any Vice Chairman, the President, any Senior
Vice President, any Vice President, any Assistant Vice President, any Director,
any Treasurer or any Assistant Treasurer.
The Assignment of Mortgage, intervening assignments of Mortgage and
assignment of Assignment of Leases referred to in clauses (d), (e) and (f) may
be in the form of a single instrument assigning the Mortgage and the Assignment
of Leases to the extent permitted by applicable law. To avoid the unnecessary
expense and administrative inconvenience associated with the execution and
recording or filing of multiple assignments of mortgages, assignments of leases
(to the extent separate from the mortgages) and assignments of UCC financing
statements, the Seller shall execute, in accordance with the third succeeding
paragraph, the assignments of mortgages, the assignments of assignments of
leases (to the extent separate from the mortgages) and the assignments of UCC
financing statements relating to the Mortgage Loans naming the Trustee on behalf
of the Certificateholders as assignee. Notwithstanding the fact that such
assignments of mortgages, assignments of leases (to the extent separate from the
assignments of mortgages) and assignments of UCC financing statements shall name
the Trustee on behalf of the Certificateholders as the assignee, the parties
hereto acknowledge and agree that the Mortgage Loans shall for all purposes be
deemed to have been transferred from the Seller to the Purchaser and from the
Purchaser to the Trustee on behalf of the Certificateholders.
If the Seller cannot deliver, or cause to be delivered, as to any
Mortgage Loan, any of the documents and/or instruments referred to in clauses
(b), (c), (d) or (f), with evidence of recording thereon, because of a delay
caused by the public recording office where such document or instrument has been
delivered for recordation within such ninety (90)-day period, but the Seller
delivers a photocopy thereof (to the extent available, certified by the
appropriate county recorder's office to be a true and complete copy of the
original thereof submitted for recording or an Officer's Certificate of the
Seller stating that such document has been sent to the appropriate public
recording official for recordation), to the Trustee within such ninety (90)-day
period, the Seller shall then deliver within one hundred eighty (180) days after
the Closing Date the recorded document (or within such longer period after the
Closing Date as the Trustee may consent to, which consent shall not be withheld
so long as the Seller is, as certified in writing to the Trustee no less often
than monthly, in good faith attempting to obtain from the appropriate county
recorder's office such original or photocopy).
The Trustee, as assignee or transferee of the Purchaser, shall be
entitled to all scheduled payments of principal due thereon after the Cut-Off
Date, all other payments of principal collected after the Cut-Off Date (other
than scheduled payments of principal due on or before the Cut-Off Date), and all
payments of interest on the Mortgage Loans allocable to the period commencing on
the Cut-Off Date. All scheduled payments of principal and interest due on or
before the Cut-Off Date and collected after the Cut-Off Date shall belong to the
Seller.
Within forty-five (45) days following the Closing Date, the Seller
shall deliver and the Purchaser, the Trustee or the agents of either may submit
or cause to be submitted for recordation at the expense of the Seller, in the
appropriate public office for real property records, each assignment referred to
in clauses (e) and (f)(ii) above (with recording information in blank if such
information is not yet available). Within fifteen (15) days following the
Closing Date, the Seller shall deliver and the Purchaser, the Trustee or the
agents of either may submit or cause to be submitted for filing, at the expense
of the Seller, in the appropriate public office for Uniform Commercial Code
financing statements, the assignment referred to in clause (i) above. If any
such document or instrument is lost or returned unrecorded or unfiled, as the
case may be, because of a defect therein, the Seller shall prepare a substitute
therefor or cure such defect, and the Seller shall, at its own expense (except
in the case of a document or instrument that is lost by the Trustee), record or
file, as the case may be, and deliver such document or instrument in accordance
with this Section 2. Notwithstanding the foregoing, in lieu of delivery such
documents to the Purchaser, the Trustee or the agents of either, the Seller may
submit or may retain an independent third party to submit for recordation at the
expense of the Seller, in the appropriate public office for real property
records, each assignment referred to in clauses (e) and (f)(ii) above and the
Seller may submit or cause to be submitted for filing, at the expense of the
Seller, in the appropriate public office for Uniform Commercial Code financing
statements, the assignment referred to in clause (i) above.
As to each Mortgage Loan secured by a Mortgaged Property with
respect to which the related Mortgagor has entered into a franchise agreement
and each Mortgage Loan secured by a Mortgaged Property with respect to which a
letter of credit is in place, the Seller shall provide a notice on or prior to
the date that is thirty (30) days after the Closing Date to the franchisor or
the issuing financial institution, as applicable, of the transfer of such
Mortgage Loan to the Trust pursuant to the Pooling and Servicing Agreement, and
inform such parties that any notices to the Mortgagor's lender pursuant to such
franchise agreement or letter of credit should thereafter be forwarded to the
Master Servicer and, with respect to each franchise agreement, provide a notice
of the sale of the Mortgage Loan to the franchisor on or prior to the date that
is thirty (30) days after the Closing Date. After the Closing Date, with respect
to any letter of credit that has not yet been assigned to the Trust, upon the
written request of the Master Servicer or the applicable Primary Servicer, the
Seller will draw on such letter of credit as directed by the Master Servicer or
such Primary Servicer in such notice to the extent the Seller has the right to
do so.
Documents that are in the possession of the Seller, its agents or
its subcontractors that relate to the servicing of any Mortgage Loans and that
are not required to be a part of the Mortgage File and are reasonably necessary
for the ongoing administration and/or servicing of the applicable Mortgage Loan
(the "Servicing File") shall be delivered by the Seller to or at the direction
of the Master Servicer, on behalf of the Purchaser, on or prior to the 75th day
after the Closing Date, in accordance with the Primary Servicing Agreement, if
applicable.
The Servicing File shall include, to the extent required to be (and
actually) delivered to the Seller pursuant to the applicable Mortgage Loan
documents, copies of the following items: the Mortgage Note, any Mortgage, the
Assignment of Leases and the Assignment of Mortgage, any guaranty/indemnity
agreement, any loan agreement, the insurance policies or certificates, as
applicable, the property inspection reports, any financial statements on the
property, any escrow analysis, the tax bills, the Appraisal, the environmental
report, the engineering report, the asset summary, financial information on the
Mortgagor/sponsor and any guarantors, any letters of credit, any intercreditor
agreements and any Environmental Insurance Policies; provided, however, the
Seller shall not be required to deliver any draft documents, privileged or other
communications, credit underwriting, legal or other due diligence, analyses,
credit committee briefs or memoranda or other internal approval documents or
drafts or internal worksheets, memoranda, communications or evaluations, to the
extent created for internal use. Delivery of any of the foregoing documents to
the Primary Servicer shall be deemed a delivery to the Master Servicer and
satisfy Seller's obligations under this sub-paragraph. Each of the foregoing
items may be delivered by the Seller in electronic form, to the extent such
document is available in such form and such form is reasonably acceptable to the
Master Servicer.
Upon the sale of the Mortgage Loans by the Seller to the Purchaser
pursuant to this Agreement, the ownership of each Mortgage Note, Mortgage and
the other contents of the related Mortgage File shall be vested in the Purchaser
and its assigns, and the ownership of all records and documents set forth in the
immediately preceding paragraph with respect to the related Mortgage Loan
prepared by or that come into the possession of the Seller shall immediately
vest in the Purchaser and its assigns, and shall be delivered promptly by the
Seller to or on behalf of either the Trustee or the Master Servicer as set forth
herein, subject to the requirements of the Primary Servicing Agreement. The
Seller's and Purchaser's records shall reflect the transfer of each Mortgage
Loan from the Seller to the Purchaser and its assigns as a sale.
It is the express intent of the parties hereto that the conveyance
of the Mortgage Loans and related property to the Purchaser by the Seller as
provided in this Section 2 be, and be construed as, an absolute sale of the
Mortgage Loans and related property. It is, further, not the intention of the
parties that such conveyance be deemed a pledge of the Mortgage Loans and
related property by the Seller to the Purchaser to secure a debt or other
obligation of the Seller. However, in the event that, notwithstanding the intent
of the parties, the Mortgage Loans or any related property are held to be the
property of the Seller, or if for any other reason this Agreement is held or
deemed to create a security interest in the Mortgage Loans or any related
property, then:
(i) this Agreement shall be deemed to be a security agreement; and
(ii) the conveyance provided for in this Section 2 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, whether now owned or hereafter
acquired, in and to:
(A) All accounts, general intangibles, chattel paper,
instruments, documents, money, deposit accounts, certificates of
deposit, goods, letters of credit, advices of credit and investment
property consisting of, arising from or relating to any of the
following property: the Mortgage Loans identified on the Mortgage
Loan Schedule, including the related Mortgage Notes, Mortgages,
security agreements, and title, hazard and other insurance policies,
all distributions with respect thereto payable after the Cut-Off
Date, all substitute or replacement Mortgage Loans and all
distributions with respect thereto, and the Mortgage Files;
(B) All accounts, general intangibles, chattel paper,
instruments, documents, money, deposit accounts, certificates of
deposit, goods, letters of credit, advices of credit, investment
property and other rights arising from or by virtue of the
disposition of, or collections with respect to, or insurance
proceeds payable with respect to, or claims against other Persons
with respect to, all or any part of the collateral described in
clause (A) above (including any accrued discount realized on
liquidation of any investment purchased at a discount); and
(C) All cash and non-cash proceeds of the collateral described
in clauses (A) and (B) above.
The possession by the Purchaser or its designee of the Mortgage
Notes, the Mortgages, and such other goods, letters of credit, advices of
credit, instruments, money, documents, chattel paper or certificated securities
shall be deemed to be possession by the secured party or possession by a
purchaser for purposes of perfecting the security interest pursuant to the
Uniform Commercial Code (including, without limitation, Sections 9-305 and 9-313
thereof) as in force in the relevant jurisdiction. Notwithstanding the
foregoing, the Seller makes no representation or warranty as to the perfection
of any such security interest.
Notifications to Persons holding such property, and acknowledgments,
receipts, or confirmations from persons holding such property, shall be deemed
to be notifications to, or acknowledgments, receipts or confirmations from,
securities intermediaries, bailees or agents of, or Persons holding for, the
Purchaser or its designee, as applicable, for the purpose of perfecting such
security interest under applicable law.
The Seller hereby agrees to provide the Purchaser with prompt notice
of any information it receives which indicates that the transfer of each
Mortgage Loan from the Seller to the Purchaser may not be treated as a sale. The
Seller shall, to the extent consistent with this Agreement and upon request by
or on behalf of the Purchaser, take such reasonable actions as may be necessary
to ensure that, if this Agreement were deemed to create a security interest in
the property described above, 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 the Agreement. In such case, the
Seller shall file all filings necessary to maintain the effectiveness of any
original filings necessary under the Uniform Commercial Code as in effect in any
jurisdiction to perfect such security interest in such property. In connection
herewith, the Purchaser shall have all of the rights and remedies of a secured
party and creditor under the Uniform Commercial Code as in force in the relevant
jurisdiction.
Notwithstanding anything to the contrary contained herein, and
subject to Section 2(a), the Purchaser shall not be required to purchase any
Mortgage Loan as to which any Mortgage Note (endorsed as described in clause (a)
above) or lost note affidavit and indemnity required to be delivered to or on
behalf of the Trustee or the Master Servicer pursuant to this Section 2 on or
before the Closing Date is not so delivered, or is not properly executed or is
defective on its face, and the Purchaser's acceptance of the related Mortgage
Loan on the Closing Date shall in no way constitute a waiver of such omission or
defect or of the Purchaser's or its successors' and assigns' rights in respect
thereof pursuant to Section 5.
Section 3. Examination of Mortgage Files and Due Diligence Review.
The Seller shall (i) deliver to the Purchaser on or before the Closing Date a
diskette acceptable to the Purchaser that contains such information about the
Mortgage Loans as may be reasonably requested by the Purchaser, (ii) deliver to
the Purchaser investor files (collectively the "Collateral Information") with
respect to the assets proposed to be included in the Mortgage Pool and made
available at the Purchaser's headquarters in New York, and (iii) otherwise
cooperate fully with the Purchaser in its examination of the credit files,
underwriting documentation and Mortgage Files for the Mortgage Loans and its due
diligence review of the Mortgage Loans. The fact that the Purchaser has
conducted or has failed to conduct any partial or complete examination of the
credit files, underwriting documentation or Mortgage Files for the Mortgage
Loans shall not affect the right of the Purchaser or the Trustee to cause the
Seller to cure any Material Document Defect or Material Breach (each as defined
below), or to repurchase or replace the defective Mortgage Loans pursuant to
Section 5 of this Agreement.
On or prior to the Closing Date, the Seller shall allow
representatives of any of the Purchaser, each Underwriter, the Initial
Purchaser, the Trustee, the Special Servicer and each Rating Agency to examine
and audit all books, records and files pertaining to the Mortgage Loans, the
Seller's underwriting procedures and the Seller's ability to perform or observe
all of the terms, covenants and conditions of this Agreement. Such examinations
and audits shall take place at one or more offices of the Seller during normal
business hours and shall not be conducted in a manner that is disruptive to the
Seller's normal business operations upon reasonable prior advance notice. In the
course of such examinations and audits, the Seller will make available to such
representatives of any of the Purchaser, each Underwriter, the Initial
Purchaser, the Trustee, the Special Servicer and each Rating Agency reasonably
adequate facilities, as well as the assistance of a sufficient number of
knowledgeable and responsible individuals who are familiar with the Mortgage
Loans and the terms of this Agreement, and the Seller shall cooperate fully with
any such examination and audit in all material respects. On or prior to the
Closing Date, the Seller shall provide the Purchaser with all material
information regarding the Seller's financial condition and access to
knowledgeable financial or accounting officers for the purpose of answering
questions with respect to the Seller's financial condition, financial statements
as provided to the Purchaser or other developments affecting the Seller's
ability to consummate the transactions contemplated hereby or otherwise
affecting the Seller in any material respect. Within forty-five (45) days after
the Closing Date, the Seller shall provide the Master Servicer or Primary
Servicer, if applicable, with any additional information identified by the
Master Servicer or Primary Servicer, if applicable, as necessary to complete the
CMSA Property File, to the extent that such information is available.
The Purchaser may exercise any of its rights hereunder through one
or more designees or agents; provided the Purchaser has provided the Seller with
prior notice of the identity of such designee or agent.
The Purchaser shall keep confidential any information regarding the
Seller and the Mortgage Loans that has been delivered into the Purchaser's
possession and that is not otherwise publicly available; provided, however, that
such information shall not be kept confidential (and the right to require
confidentiality under any confidentiality agreement is hereby waived) to the
extent such information is required to be included in the Memorandum or the
Prospectus Supplement or the Purchaser is required by law or court order to
disclose such information. If the Purchaser is required to disclose in the
Memorandum or the Prospectus Supplement confidential information regarding the
Seller as described in the preceding sentence, the Purchaser shall provide to
the Seller a copy of the proposed form of such disclosure prior to making such
disclosure and the Seller shall promptly, and in any event within two (2)
Business Days, notify the Purchaser of any inaccuracies therein, in which case
the Purchaser shall modify such form in a manner that corrects such
inaccuracies. If the Purchaser is required by law or court order to disclose
confidential information regarding the Seller as described in the second
preceding sentence, the Purchaser shall notify the Seller and cooperate in the
Seller's efforts to obtain a protective order or other reasonable assurance that
confidential treatment will be accorded such information and, if in the absence
of a protective order or such assurance, the Purchaser is compelled as a matter
of law to disclose such information, the Purchaser shall, prior to making such
disclosure, advise and consult with the Seller and its counsel as to such
disclosure and the nature and wording of such disclosure and the Purchaser shall
use reasonable efforts to obtain confidential treatment therefor.
Notwithstanding the foregoing, if reasonably advised by counsel that the
Purchaser is required by a regulatory agency or court order to make such
disclosure immediately, then the Purchaser shall be permitted to make such
disclosure without prior review by the Seller.
Section 4. Representations and Warranties of the Seller and the
Purchaser.
(a) To induce the Purchaser to enter into this Agreement, the Seller
hereby makes for the benefit of the Purchaser and its assigns with respect to
each Mortgage Loan as of the date hereof (or as of such other date specifically
set forth in the particular representation and warranty) each of the
representations and warranties set forth on Exhibit 2 hereto, except as
otherwise set forth on Schedule A attached hereto, and hereby further represents
and warrants to the Purchaser as of the date hereof that:
(i) The Seller is duly organized and is validly existing as a
national banking association in good standing under the laws of the United
States. The Seller has the requisite power and authority and legal right
to own the Mortgage Loans and to transfer and convey the Mortgage Loans to
the Purchaser and has the requisite power and authority to execute and
deliver, engage in the transactions contemplated by, and perform and
observe the terms and conditions of, this Agreement.
(ii) This Agreement has been duly and validly authorized, executed
and delivered by the Seller, and assuming the due authorization, execution
and delivery hereof by the Purchaser, this Agreement constitutes the
valid, legal and binding agreement of the Seller, enforceable in
accordance with its terms, except as such enforcement may be limited by
(A) laws relating to bankruptcy, insolvency, fraudulent transfer,
reorganization, receivership, conservatorship or moratorium, (B) other
laws relating to or affecting the rights of creditors generally, (C)
general equity principles (regardless of whether such enforcement is
considered in a proceeding in equity or at law) or (D) public policy
considerations underlying the securities laws, to the extent that such
public policy considerations limit the enforceability of the provisions of
this Agreement that purport to provide indemnification from liabilities
under applicable securities laws.
(iii) 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 of or compliance by the Seller with this Agreement, or the
consummation by the Seller of any transaction contemplated hereby, other
than (1) such qualifications as may be required under state securities or
blue sky laws, (2) the filing or recording of financing statements,
instruments of assignment and other similar documents necessary in
connection with the Seller's sale of the Mortgage Loans to the Purchaser,
(3) such consents, approvals, authorizations, qualifications,
registrations, filings or notices as have been obtained and (4) where the
lack of such consent, approval, authorization, qualification,
registration, filing or notice would not have a material adverse effect on
the performance by the Seller under this Agreement.
(iv) Neither the transfer of the Mortgage Loans to the Purchaser,
nor the execution, delivery or performance of this Agreement by the
Seller, 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 Seller's articles of association or by-laws, (B) any
term or provision of any material agreement, contract, instrument or
indenture to which the Seller is a party or by which it or any of its
assets is bound or results in the creation or imposition of any lien,
charge or encumbrance upon any of its property pursuant to the terms of
any such indenture, mortgage, contract or other instrument, other than
pursuant to this Agreement, or (C) after giving effect to the consents or
taking of the actions contemplated in subsection (iii), any law, rule,
regulation, order, judgment, writ, injunction or decree of any court or
governmental authority having jurisdiction over the Seller or its assets,
except where in any of the instances contemplated by clauses (B) or (C)
above, any conflict, breach or default, or creation or imposition of any
lien, charge or encumbrance, will not have a material adverse effect on
the consummation of the transactions contemplated hereby by the Seller or
materially and adversely affect its ability to perform its obligations and
duties hereunder.
(v) There are no actions or proceedings against, or investigations
of, the Seller pending or, to the Seller's knowledge, threatened in
writing against the Seller before any court, administrative agency or
other tribunal, the outcome of which could reasonably be expected to
materially and adversely affect the transfer of the Mortgage Loans to the
Purchaser or the execution or delivery by, or enforceability against, the
Seller of this Agreement or have an effect on the financial condition of
the Seller that would materially and adversely affect the ability of the
Seller to perform its obligations under this Agreement.
(vi) On the Closing Date, the sale of the Mortgage Loans pursuant to
this Agreement will effect a transfer by the Seller of all of its right,
title and interest in and to the Mortgage Loans (subject to certain
agreements regarding servicing as provided in the Pooling and Servicing
Agreement, existing sub-servicing agreements as of the Closing Date and
the Servicing Rights Purchase Agreement) to the Purchaser.
(vii) To the Seller's knowledge, the Loan Seller Information (as
defined in that certain indemnification agreement, dated as of December
14, 2006, among the Seller, the Purchaser, the Underwriters and the
Initial Purchaser (the "Indemnification Agreement")) contained in the
Disclosure Information (as defined in the Indemnification Agreement), the
Memorandum and the Prospectus Supplement as of the date thereof and as of
the Closing Date and as amended or supplemented and forwarded to investors
in the certificates when read together and in conjunction with the
non-Loan Seller Information therein and the "Risk Factors" section of the
Prospectus, (i) does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements therein,
in the light of the circumstances under which they were made, not
misleading and (ii) (other than the Memorandum) complies in all material
respects with the disclosure requirements of Regulation AB (as defined in
the Indemnification Agreement), but only to the extent that (1)(x) such
Loan Seller Information, other than Loan Seller Information contained in
the Prospectus Supplement, Memorandum or FWP (as defined in the
Indemnification Agreement) was (i) contained in the Loan Detail (as
defined in the Indemnification Agreement) or, to the extent consistent
therewith, the Diskette (as defined in the Indemnification Agreement) or
(ii) made in reliance upon and in conformity with information relating to
the Loan Seller Information furnished to the Depositor by the Seller in
writing or electronically specifically for use therein and (y) such
Disclosure Information was delivered to Seller for Seller's review and
comment a reasonable time prior to the delivery of such Disclosure
Information to investors in the Certificates; (2) such Loan Seller
Information is contained in the FWP, the Memorandum or the Prospectus
Supplement under the headings "Summary of Prospectus Supplement-Relevant
Parties and Dates-Sponsors," "Summary of Prospectus Supplement-Relevant
Parties and Dates-Mortgage Loan Sellers," "Summary of Prospectus
Supplement-Relevant Parties and Dates-Originators," "Summary of Prospectus
Supplement-Information About the Mortgage Pool," "Risk Factors,"
"Transaction Parties-The Sponsors, Mortgage Loan Sellers and
Originators-LaSalle Bank National Association," "Description of the
Mortgage Pool," Appendix I, Appendix II or Appendix III; or (3) such
untrue statement or omission is not a result of an error by the Purchaser
or any Underwriter or Initial Purchaser in the manipulation of, or
calculation based upon, or any aggregation of (other than an aggregation
made by Seller) information contained in the Loan Detail.
To induce the Purchaser to enter into this Agreement, the Seller
hereby covenants that the foregoing representations and warranties and those set
forth on Exhibit 2 hereto, subject to the exceptions set forth on Schedule A to
Exhibit 2, will be true and correct in all material respects on and as of the
Closing Date with the same effect as if made on the Closing Date, provided that
any representations and warranties made as of a specified date shall be true and
correct in all material respects as of such specified date.
Each of the representations, warranties and covenants made by the
Seller pursuant to this Section 4(a) shall survive the sale of the Mortgage
Loans and shall continue in full force and effect notwithstanding any
restrictive or qualified endorsement on the Mortgage Notes.
(b) To induce the Seller to enter into this Agreement, the Purchaser
hereby represents and warrants to the Seller as of the date hereof:
(i) The Purchaser is a corporation duly organized, validly existing,
and in good standing under the laws of the State of Delaware with full
power and authority to carry on its business as presently conducted by it.
(ii) The Purchaser has full power and authority to acquire the
Mortgage Loans, to execute, deliver and perform this Agreement and to
enter into and consummate all transactions contemplated by this Agreement.
The Purchaser has duly and validly authorized the execution, delivery and
performance of this Agreement and has duly and validly executed and
delivered this Agreement. This Agreement, assuming due authorization,
execution and delivery by the Seller, constitutes the valid, legal and
binding obligation of the Purchaser, enforceable against it in accordance
with its terms, except as such enforceability may be limited by
bankruptcy, insolvency, fraudulent transfer, reorganization,
conservatorship, moratorium and 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.
(iii) 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 of or compliance by the Purchaser with this Agreement, or the
consummation by the Purchaser of any transaction contemplated hereby that
has not been obtained or made by the Purchaser.
(iv) Neither the purchase of the Mortgage Loans nor the execution,
delivery and performance of this Agreement by the Purchaser will (a)
violate (1) the Purchaser's certificate of incorporation or by-laws or (2)
any law or regulation or any administrative decree or order to which it is
subject or (b) constitute a default (or an event that, with notice or
lapse of time or both, would constitute a default) under, or result in a
breach of, any material agreement, contract, instrument or indenture to
which the Purchaser is a party or that may be applicable to the Purchaser
or its assets.
(v) The Purchaser's execution and delivery of this Agreement and its
performance and compliance with the terms of this Agreement will not
constitute a violation of, any law, rule, writ, injunction, judgment,
order or decree of any court, or order or regulation of any federal, state
or municipal government agency having jurisdiction over the Purchaser or
its assets, which violation could materially and adversely affect the
condition (financial or otherwise) or the operation of the Purchaser or
its assets or could materially and adversely affect its ability to perform
its obligations and duties hereunder.
(vi) There are no actions or proceedings against, or investigations
of, the Purchaser pending or, to the Purchaser's knowledge, threatened
against the Purchaser before any court, administrative agency or other
tribunal, the outcome of which could reasonably be expected to adversely
affect the transfer of the Mortgage Loans, the issuance of the
Certificates, the execution, delivery or enforceability of this Agreement
or have an effect on the financial condition of the Purchaser that would
materially and adversely affect the ability of the Purchaser to perform
its obligation under this Agreement.
(vii) The Purchaser has not dealt with any broker, investment
banker, agent or other person, other than the Seller, the Underwriters,
the Initial Purchaser and their respective affiliates, that may be
entitled to any commission or compensation in connection with the sale of
the Mortgage Loans or consummation of any of the transactions contemplated
hereby.
To induce the Seller to enter into this Agreement, the Purchaser
hereby covenants that the foregoing representations and warranties will be true
and correct in all material respects on and as of the Closing Date with the same
effect as if made on the Closing Date.
Each of the representations and warranties made by the Purchaser
pursuant to this Section 4(b) shall survive the purchase of the Mortgage Loans.
Section 5. Remedies Upon Breach of Representations and Warranties
Made by the Seller.
(a) It is hereby acknowledged that the Seller shall make for the
benefit of the Trustee on behalf of the holders of the Certificates, whether
directly or by way of the Purchaser's assignment of its rights hereunder to the
Trustee, the representations and warranties set forth on Exhibit 2 hereto (each
as of the date hereof unless otherwise specified).
(b) It is hereby further acknowledged that if any document required
to be delivered to the Trustee pursuant to Section 2 is not delivered as and
when required (and including the expiration of any grace or cure period), is not
properly executed or is defective on its face, or if there is a breach of any of
the representations and warranties required to be made by the Seller regarding
the characteristics of the Mortgage Loans and/or the related Mortgaged
Properties as set forth in Exhibit 2 hereto, and in either case such defect or
breach, either (i) materially and adversely affects the interests of the holders
of the Certificates in the related Mortgage Loan, or (ii) both (A) the document
defect or breach materially and adversely affects the value of the Mortgage Loan
and (B) the Mortgage Loan is a Specially Serviced Mortgage Loan or Rehabilitated
Mortgage Loan (such a document defect described in the preceding clause (i) or
(ii), a "Material Document Defect" and such a breach described in the preceding
clause (i) or (ii) a "Material Breach"), the party discovering such Material
Document Defect or Material Breach shall promptly notify, in writing, the other
party; provided that any breach of the representation and warranty contained in
paragraph (38) of such Exhibit 2 shall constitute a Material Breach only if such
prepayment premium or yield maintenance charge is not deemed "customary" for
commercial mortgage loans as evidenced by (i) an opinion of tax counsel to such
effect or (ii) a determination by the Internal Revenue Service that such
provision is not customary. Promptly (but in any event within three Business
Days) upon becoming aware of any such Material Document Defect or Material
Breach, the Master Servicer shall, and the Special Servicer may, request that
the Seller, not later than ninety (90) days from the Seller's receipt of the
notice of such Material Document Defect or Material Breach, cure such Material
Document Defect or Material Breach, as the case may be, in all material
respects; provided, however, that if such Material Document Defect or Material
Breach, as the case may be, cannot be corrected or cured in all material
respects within such ninety (90)-day period, and such Material Document Defect
or Material Breach would not cause the Mortgage Loan to be other than a
"qualified mortgage" (as defined in the Code), but the Seller is diligently
attempting to effect such correction or cure, as certified by the Seller in an
Officer's Certificate delivered to the Trustee, then the cure period will be
extended for an additional ninety (90) days unless, solely in the case of a
Material Document Defect, (x) the Mortgage Loan is, at the end of the initial
ninety (90)-day period, a Specially Serviced Mortgage Loan and a Servicing
Transfer Event has occurred as a result of a monetary default or as described in
clause (ii) or clause (v) of the definition of "Servicing Transfer Event" in the
Pooling and Servicing Agreement and (y) the Material Document Defect was
identified in a certification delivered to the Seller by the Trustee pursuant to
Section 2.2 of the Pooling and Servicing Agreement not less than ninety (90)
days prior to the delivery of the notice of such Material Document Defect. The
parties acknowledge that neither delivery of a certification or schedule of
exceptions to the Seller pursuant to Section 2.2 of the Pooling and Servicing
Agreement or otherwise nor possession of such certification or schedule by the
Seller shall, in and of itself, constitute delivery of notice of any Material
Document Defect or knowledge or awareness by the Seller of any Material Document
Defect listed therein.
The Seller hereby covenants and agrees that, if any such Material
Document Defect or Material Breach cannot be corrected or cured in all material
aspects within the above cure periods, the Seller shall, on or before the
termination of such cure periods, either (i) repurchase the affected Mortgage
Loan or REO Mortgage Loan from the Purchaser or its assignee at the Purchase
Price as defined in the Pooling and Servicing Agreement, or (ii) if within the
two-year period commencing on the Closing Date, at its option replace, without
recourse, any Mortgage Loan or REO Mortgage Loan to which such defect relates
with a Qualifying Substitute Mortgage Loan. If such Material Document Defect or
Material Breach would cause the Mortgage Loan to be other than a "qualified
mortgage" (as defined in the Code), then notwithstanding the previous sentence,
such repurchase or substitution must occur within 90 days from the earlier of
the date the Seller discovered or was notified of the breach or defect. The
Seller agrees that any substitution shall be completed in accordance with the
terms and conditions of the Pooling and Servicing Agreement.
If (i) a Mortgage Loan is to be repurchased or replaced in
connection with a Material Document Defect or Material Breach as contemplated
above, (ii) such Mortgage Loan is cross-collateralized and cross-defaulted with
one or more other Mortgage Loans in the Trust and (iii) the applicable document
defect or breach does not constitute a Material Document Defect or Material
Breach, as the case may be, as to such other Mortgage Loans (without regard to
this paragraph), then the applicable document defect or breach (as the case may
be) shall be deemed to constitute a Material Document Defect or Material Breach,
as the case may be, as to each such other Mortgage Loan for purposes of the
above provisions, and the Seller shall be obligated to repurchase or replace
each such other Mortgage Loan in accordance with the provisions above, unless,
in the case of such breach or document defect, both of the following conditions
would be satisfied if the Seller were to repurchase or replace only those
Mortgage Loans as to which a Material Breach had occurred without regard to this
paragraph (the "Affected Loan(s)"): (1) the debt service coverage ratio for all
such other Mortgage Loans (excluding the Affected Loan(s)) for the four calendar
quarters immediately preceding the repurchase or replacement (determined as
provided in the definition of Debt Service Coverage Ratio in the Pooling and
Servicing Agreement, except that net cash flow for such four calendar quarters,
rather than year-end, shall be used) is equal to the greater of (x) the debt
service coverage ratio for all such Mortgage Loans (including the Affected
Loan(s)) set forth under the heading "NCF DSCR" in Appendix II to the Final
Prospectus Supplement and (y) 1.25x, and (2) the Loan-to-Value Ratio for all
such other Mortgage Loans (excluding the Affected Loan(s)) is not greater than
the lesser of (x) the current loan-to-value ratio for all such Mortgage Loans
(including the Affected Loan(s)) set forth under the heading "Cut-Off Date LTV"
in Appendix II to the Final Prospectus Supplement and (y) 75%. The determination
of the Master Servicer as to whether either of the conditions set forth above
has been satisfied shall be conclusive and binding in the absence of manifest
error. The Master Servicer will be entitled to cause, or direct the Seller to
cause, to be delivered to the Master Servicer at the Seller's expense (i) an
Appraisal of any or all of the related Mortgaged Properties for purposes of
determining whether the condition set forth in clause (2) above has been
satisfied, in each case at the expense of the Seller if the scope and cost of
the Appraisal is approved by the Seller (such approval not to be unreasonably
withheld) and (ii) an Opinion of Counsel that not requiring the repurchase of
each such Cross-Collateralized Loan will not result in an Adverse REMIC Event.
With respect to any Mortgage Loan that is cross-defaulted and/or
cross-collateralized with any other Mortgage Loan conveyed hereunder, to the
extent that the Seller is required to repurchase or substitute for such Mortgage
Loan (each, a "Repurchased Loan") in the manner prescribed above while the
Trustee (as assignee of the Purchaser) continues to hold any other Mortgage Loan
that is cross-collateralized and/or cross-defaulted (each, a
"Cross-Collateralized Loan") with such Repurchased Loan, the Seller and the
Purchaser hereby agree to modify, prior to such repurchase or substitution, the
related Mortgage Loan documents in a manner such that such affected Repurchased
Loan, on the one hand, and any related Crossed-Collateralized Loans held by the
Trustee, on the other, would no longer be cross-defaulted or
cross-collateralized with one another; provided that the Seller shall have
furnished the Trustee, at the expense of the Seller, a nondisqualification
opinion that such modification shall not cause an Adverse REMIC Event; provided,
further, that if such nondisqualification opinion cannot be furnished, the
Seller and the Purchaser agree that such repurchase or substitution of only the
Repurchased Loan, notwithstanding anything to the contrary herein, shall not be
permitted and the Seller shall repurchase or substitute for the Repurchased Loan
and all related Crossed-Collateralized Loans. Any reserve or other cash
collateral or letters of credit securing the Cross-Collateralized Loans shall be
allocated between such Mortgage Loans in accordance with the Mortgage Loan
documents. All other terms of the Mortgage Loans shall remain in full force and
effect, without any modification thereof. The Mortgagors set forth on Schedule B
hereto are intended third-party beneficiaries of the provisions set forth in
this paragraph and the preceding paragraph. The provisions of this paragraph and
the preceding paragraph may not be modified with respect to any Mortgage Loan
without the related Mortgagor's consent.
Upon occurrence (and after any applicable cure or grace period), any
of the following document defects shall be conclusively presumed materially and
adversely to affect the interests of Certificateholders in a Mortgage Loan and
be a Material Document Defect: (i) the absence from the Mortgage File of the
original signed Mortgage Note, unless the Mortgage File contains a signed lost
note affidavit and indemnity and a copy of the Mortgage Note; (ii) the absence
from the Mortgage File of the item called for by paragraph (b) of the definition
of Mortgage File; or (iii) the absence from the Mortgage File of the item called
for by paragraph (h) of the definition of Mortgage File. If any of the foregoing
Material Document Defects is discovered by the Custodian (or the Trustee if
there is no Custodian), the Trustee (or as set forth in Section 2.3(a) of the
Pooling and Servicing Agreement, the Master Servicer) will take the steps
described elsewhere in this Section, including the giving of notices to the
Rating Agencies and the parties hereto and making demand upon the Seller for the
cure of the Material Document Defect or repurchase or replacement of the related
Mortgage Loan.
If the Seller disputes that a Material Document Defect or Material
Breach exists with respect to a Mortgage Loan or otherwise refuses (i) to effect
a correction or cure of such Material Document Defect or Material Breach, (ii)
to repurchase the Affected Loan from the Trust or (iii) to replace such Mortgage
Loan with a Qualifying Substitute Mortgage Loan, then provided that (x) the
period of time provided for the Seller to correct, repurchase or cure has
expired and (y) the Mortgage Loan is then in default and is then a Specially
Serviced Mortgage Loan, the Special Servicer may, subject to the Servicing
Standard, modify, work-out or foreclose, sell or otherwise liquidate (or permit
the liquidation of) the Mortgage Loan pursuant to Section 9.5, Section 9.12,
Section 9.15 and Section 9.36, as applicable, of the Pooling and Servicing
Agreement, while pursuing the repurchase claim. The Seller acknowledges and
agrees that any modification of the Mortgage Loan pursuant to such a work-out
shall not constitute a defense to any repurchase claim nor shall such
modification or work-out change the Purchase Price due from the Seller for any
repurchase claim. Any sale of the Mortgage Loan, or foreclosure upon such
Mortgage Loan and sale of the REO Property, to a Person other than the Seller
shall be without (i) recourse of any kind (either express or implied) by such
Person against the Seller and (ii) representation or warranty of any kind
(either express or implied) by the Seller to or for the benefit of such Person.
The fact that a Material Document Defect or Material Breach is not
discovered until after foreclosure (but in all instances prior to the sale of
the related REO Property or Mortgage Loan) shall not prejudice any claim against
the Seller for repurchase of the REO Mortgage Loan or REO Property. In such an
event, the Master Servicer or Special Servicer, as applicable, shall be required
to notify the Seller of the discovery of the Material Document Defect or
Material Breach and the Seller shall be required to follow the procedures set
forth in this Agreement to correct or cure such Material Document Defect or
Material Breach or purchase the REO Property at the Purchase Price. If a court
of competent jurisdiction issues a final order that the Seller is or was
obligated to repurchase the related Mortgage Loan or REO Mortgage Loan or the
Seller otherwise accepts liability, then, after the expiration of any applicable
appeal period, but in no event later than the termination of the Trust pursuant
to Section 9.30 of the Pooling and Servicing Agreement, the Seller will be
obligated to pay to the Trust the difference between any Liquidation Proceeds
received upon such liquidation (including those arising from any sale to the
Seller) and the Purchase Price; provided that the prevailing party in such
action shall be entitled to recover all costs, fees and expenses (including
reasonable attorneys' fees) related thereto.
In connection with any liquidation or sale of a Mortgage Loan or REO
Property as described above, the Special Servicer will not receive a Liquidation
Fee in connection with such liquidation or sale or any portion of the Work-Out
Fee that accrues after the Seller receives notice of a Material Document Defect
or Material Breach until a final determination has been made, as set forth in
the prior paragraph, as to whether the Seller is or was obligated to repurchase
such related Mortgage Loan or REO Property. Upon such determination, the Special
Servicer will be entitled: (i) with respect to a determination that the Seller
is or was obligated to repurchase, to collect a Liquidation Fee, if due in
accordance with the definition thereof, based upon the full Purchase Price of
the related Mortgage Loan or REO property, with such Liquidation Fee payable by
the Seller or (ii) with respect to a determination that Seller is not or was not
obligated to repurchase (or the Trust decides that it will no longer pursue a
claim against the Seller for repurchase), (A) to collect a Liquidation Fee based
upon the Liquidation Proceeds as received upon the actual sale or liquidation of
such Mortgage Loan or REO Property, and (B) to collect any accrued and unpaid
Work-Out Fee, based on amounts that were collected for as long as the related
Mortgage Loan was a Rehabilitated Mortgage Loan, in each case with such amount
to be paid from amounts in the Certificate Account.
The obligations of the Seller set forth in this Section 5(b) to cure
a Material Document Defect or a Material Breach or repurchase or replace a
defective Mortgage Loan constitute the sole remedies of the Purchaser or its
assignees with respect to a Material Document Defect or Material Breach in
respect of an outstanding Mortgage Loan; provided, that this limitation shall
not in any way limit the Purchaser's rights or remedies upon breach of any other
representation or warranty or covenant by the Seller set forth in this Agreement
(other than those set forth in Exhibit 2).
Notwithstanding the foregoing, in the event that there is a breach
of the representation and warranty set forth in paragraph 41 of Exhibit 2
attached hereto because the underlying loan documents do not provide for the
payment by the Mortgagor of reasonable costs and expenses associated with the
defeasance or assumption of a Mortgage Loan by the Mortgagor, the Seller hereby
covenants and agrees to pay such reasonable costs and expenses, to the extent an
amount is due and not paid by the related Mortgagor. The parties hereto
acknowledge that the payment of such reasonable costs and expenses shall be the
Seller's sole obligation with respect to the breaches discussed in the previous
sentence. The Seller shall have no obligation to pay for any of the foregoing
costs if the applicable Mortgagor has an obligation to pay for such costs.
The Seller hereby agrees that it will pay for any expense incurred
by the applicable Master Servicer or the Special Servicer, as applicable, in
connection with modifying a Mortgage Loan pursuant to Section 2.3 of the Pooling
and Servicing Agreement in order for such Mortgage Loan to be a "qualified
substitute mortgage loan" within the meaning of the Treasury Regulations
promulgated under the Code. Upon a breach of the representation and warranty set
forth in paragraph 37 of Exhibit 2 attached hereto, if such Mortgage Loan is
modified so that it becomes a "qualified substitute mortgage loan", such breach
will be cured and the Seller will not be obligated to repurchase or otherwise
remedy such breach.
(c) The Pooling and Servicing Agreement shall provide that the
Trustee (or the applicable Master Servicer or the Special Servicer on its
behalf) shall give written notice within three (3) Business Days to the Seller
of its discovery of any Material Document Defect or Material Breach and prompt
written notice to the Seller in the event that any Mortgage Loan becomes a
Specially Serviced Mortgage Loan (as defined in the Pooling and Servicing
Agreement).
(d) If the Seller repurchases any Mortgage Loan pursuant to this
Section 5, the Purchaser or its assignee, following receipt by the Trustee of
the Purchase Price therefor, promptly shall deliver or cause to be delivered to
the Seller all Mortgage Loan documents with respect to such Mortgage Loan, and
each document that constitutes a part of the Mortgage File that was endorsed or
assigned to the Trustee shall be endorsed and assigned to the Seller in the same
manner such that the Seller shall be vested with legal and beneficial title to
such Mortgage Loan, in each case without recourse, including any property
acquired in respect of such Mortgage Loan or proceeds of any insurance policies
with respect thereto.
Section 6. Closing. The closing of the sale of the Mortgage Loans
shall be held at the offices of Cadwalader, Xxxxxxxxxx & Xxxx LLP, Xxx Xxxxx
Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 at 9:00 a.m., New York time, on the
Closing Date.
The obligation of the Seller and the Purchaser to close shall be
subject to the satisfaction of each of the following conditions on or prior to
the Closing Date:
(a) All of the representations and warranties of the Seller and the
Purchaser specified in Section 4 of this Agreement (including, without
limitation, the representations and warranties set forth on Exhibit 2 to this
Agreement) shall be true and correct in all material respects as of the Closing
Date, provided that any representations and warranties made as of a specified
date shall be true and correct in all material respects as of such specified
date.
(b) All Closing Documents specified in Section 7 of this Agreement,
in such forms as are agreed upon and reasonably acceptable to the Seller or the
Purchaser, as applicable, 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 Purchaser or
its designee all documents required to be delivered to the Purchaser as of the
Closing Date pursuant to Section 2 of this Agreement.
(d) The result of the examination and audit performed by the
Purchaser and its affiliates pursuant to Section 3 hereof shall be satisfactory
to the Purchaser and its affiliates in their sole determination and the parties
shall have agreed to the form and contents of the Seller Information (as defined
in the Indemnification Agreement) to be disclosed in the Memorandum and the
Prospectus Supplement.
(e) All other terms and conditions of this Agreement required to be
complied with on or before the Closing Date shall have been complied with, and
the Seller and the Purchaser 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.
(f) The Seller shall have paid all fees and expenses payable by it
to the Purchaser pursuant to Section 8 hereof.
(g) The Certificates to be so rated shall have been assigned ratings
by each Rating Agency no lower than the ratings specified for each such Class in
the Memorandum and the Prospectus Supplement.
(h) No Underwriter shall have terminated the Underwriting Agreement
and the Initial Purchaser shall not have terminated the Certificate Purchase
Agreement, and neither the Underwriters nor the Initial Purchaser shall have
suspended, delayed or otherwise cancelled the Closing Date.
(i) The Seller shall have received the purchase price for the
Mortgage Loans pursuant to Section 1 hereof.
Each party agrees to use its best efforts to perform its respective
obligations hereunder in a manner that will enable the Purchaser to purchase the
Mortgage Loans on the Closing Date.
Section 7. 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 its successors and assigns 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 on and as of the Closing Date with the same
force and effect as if made on the Closing Date, provided that any
representations and warranties made as of a specified date shall be true and
correct as of such specified date; and (ii) the Seller has complied with all
agreements and satisfied all conditions on its part to be performed or satisfied
on or prior to the Closing Date.
(c) True, complete and correct copies of the Seller's articles of
association and by-laws.
(d) An original or copy of a certificate of existence for the Seller
from the Comptroller of the Currency dated not earlier than sixty (60) days
prior to the Closing Date.
(e) A certificate of the Secretary or Assistant Secretary 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.
(f) An opinion of counsel (which, other than as to the opinion
described in paragraph (vi) below, may be in-house counsel) to the Seller, dated
the Closing Date, substantially to the effect of the following (with such
changes and modifications as the Purchaser may approve and subject to such
counsel's reasonable qualifications):
(i) The Seller is validly existing under the laws of the United
States and has full power and authority to enter into and perform its
obligations under this Agreement.
(ii) This Agreement has been duly authorized, executed and delivered
by the Seller.
(iii) No consent, approval, authorization or order of any federal
court or governmental agency or body is required for the consummation by
the Seller of the transactions contemplated by the terms of this Agreement
except any approvals as have been obtained.
(iv) Neither the execution, delivery or performance of this
Agreement by the Seller, nor the consummation by the Seller of any of the
transactions contemplated by the terms of this Agreement (A) conflicts
with or results in a breach or violation of, or constitutes a default
under, the organizational documents of the Seller, (B) to the knowledge of
such counsel, constitutes a default under any term or provision of any
material agreement, contract, instrument or indenture, to which the Seller
is a party or by which it or any of its assets is bound or results in the
creation or imposition of any lien, charge or encumbrance upon any of its
property pursuant to the terms of any such indenture, mortgage, contract
or other instrument, other than pursuant to this Agreement, or (C)
conflicts with or results in a breach or violation of any law, rule,
regulation, order, judgment, writ, injunction or decree of any court or
governmental authority having jurisdiction over the Seller or its assets,
except where in any of the instances contemplated by clauses (B) or (C)
above, any conflict, breach or default, or creation or imposition of any
lien, charge or encumbrance, will not have a material adverse effect on
the consummation of the transactions contemplated hereby by the Seller or
materially and adversely affect its ability to perform its obligations and
duties hereunder or result in any material adverse change in the financial
condition, properties or assets of the Seller.
(v) To his or her knowledge, there are no legal or governmental
actions, investigations or proceedings pending to which the Seller is a
party, or threatened against the Seller, (a) asserting the invalidity of
this Agreement or (b) which materially and adversely affect the
performance by the Seller of its obligations under, or the validity or
enforceability of, this Agreement.
(vi) This Agreement is a valid, legal and binding agreement of the
Seller, enforceable against the Seller in accordance with its terms,
except as such enforcement may be limited by (1) laws relating to
bankruptcy, insolvency, fraudulent transfer, reorganization, receivership,
conservatorship or moratorium, (2) other laws relating to or affecting the
rights of creditors generally, (3) general equity principles (regardless
of whether such enforcement is considered in a proceeding in equity or at
law) or (4) public policy considerations underlying the securities laws,
to the extent that such public policy considerations limit the
enforceability of the provisions of this Agreement that purport to provide
indemnification from liabilities under applicable securities laws.
Such opinion may express its reliance as to factual matters on,
among other things specified in such opinion, the representations and warranties
made by, and on certificates or other documents furnished by officers of, the
parties to this Agreement.
In rendering the opinions expressed above, such counsel may limit
such opinions to matters governed by the federal laws of the United States.
(g) Such other opinions of counsel as any Rating Agency may request
in connection with the sale of the Mortgage Loans by the Seller to the Purchaser
or the Seller's execution and delivery of, or performance under, this Agreement.
(h) A letter from Deloitte & Touche LLP, certified public
accountants, dated the date hereof, to the effect that they have performed
certain specified procedures as a result of which they determined that certain
information of an accounting, financial or statistical nature set forth in the
Memorandum and the Prospectus Supplement agrees with the records of the Seller.
(i) Such further certificates, opinions and documents as the
Purchaser may reasonably request.
(j) An officer's certificate of the Purchaser, dated as of the
Closing Date, with the resolutions of the Purchaser authorizing the transactions
described herein attached thereto, together with certified copies of the
charter, by-laws and certificate of good standing of the Purchaser dated not
earlier than thirty (30) days prior to the Closing Date.
(k) Such other certificates of the Purchaser's officers or others
and such other documents to evidence fulfillment of the conditions set forth in
this Agreement as the Seller or its counsel may reasonably request.
(l) An executed Xxxx of Sale in the form attached hereto as Exhibit
4.
Section 8. Costs. The Seller shall pay the Purchaser the costs and
expenses as agreed upon by the Seller and the Purchaser in a separate Letter of
Understanding dated December 14, 2006.
Section 9. Exchange Act Reporting Information. The Seller hereby
agrees to deliver to the Purchaser and the Trustee any disclosure information
relating to any event specifically related to the Seller (in its role as a
sponsor or mortgage loan seller) reasonably determined in good faith by the
Purchaser as required to be reported on Form 8-K, Form 10-D or Form 10-K by the
Trust (in formatting reasonably appropriate for inclusion in such form),
including, without limitation, the disclosure required under Items 1117 and 1119
of Regulation AB and Item 1.03 to Form 8-K. The Seller shall use its best
efforts to deliver proposed disclosure language relating to any event, relating
to the Seller in its role as sponsor or mortgage loan seller, described under
Items 1117 and 1119 of Regulation AB and Item 1.03 to Form 8-K to the Trustee
and the Purchaser within two (2) Business Days after the Seller becomes aware of
such event and shall provide disclosure relating to any other event reasonably
determined by the Purchaser as required to be disclosed on Form 8-K, Form 10-D
or Form 10-K within two (2) Business Days following the Purchaser's request for
such disclosure language. The obligation of the Seller to provide the
above-referenced disclosure materials in any fiscal year of the Trust will
terminate upon the Trustee's filing of a Form 15 with respect to the Trust as to
that fiscal year in accordance with Section 13.8 of the Pooling and Servicing
Agreement or the reporting requirements with respect to the Trust under the
Securities Exchange Act of 1934, as amended, otherwise being automatically
suspended. The Seller hereby acknowledges that the information to be provided by
it pursuant to this Section will be used in the preparation of reports on Form
8-K, Form 10-D or Form 10-K meeting the reporting requirements of the Trust
under Section 13(a) and/or Section 15(d) of the Securities Exchange Act of 1934,
as amended.
Section 10. Notices. All communications provided for or permitted
hereunder shall be in writing and shall be deemed to have been duly given if (a)
personally delivered, (b) mailed by registered or certified mail, postage
prepaid and received by the addressee, (c) sent by express courier delivery
service and received by the addressee, or (d) transmitted by telex or facsimile
transmission (or any other type of electronic transmission agreed upon by the
parties) and confirmed by a writing delivered by any of the means described in
(a), (b) or (c), if (i) to the Purchaser, addressed to Xxxxxx Xxxxxxx Capital I
Inc., 0000 Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: X.X. Xxxxxx (or such
other address as may hereafter be furnished in writing by the Purchaser), or
(ii) if to the Seller, addressed to the Seller at LaSalle Bank National
Association, Real Estate Capital Markets, 000 Xxxxx XxXxxxx Xxxxxx, Xxxxx 0000,
Xxxxxxx, Xxxxxxxx 00000, Attention: Xxxxx Xxxxxxxxx, Telecopier No.: (312)
000-0000, Telephone No.: (000) 000-0000, with a copy to LaSalle Bank
Corporation, Legal Department, 000 Xxxxx XxXxxxx Xxxxxx, Xxxxx 000, Xxxxxxx,
Xxxxxxxx 00000, Attention: Xxxxxxx X. Xxxxx, Telecopy No.: (000) 000-0000,
Telephone No.: (000) 000-0000.
Section 11. Severability of Provisions. Any part, provision,
representation, warranty or covenant of this Agreement that is prohibited or
that 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 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
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction. To the extent permitted by applicable law, the parties
hereto waive any provision of law which prohibits or renders void or
unenforceable any provision hereof.
Section 12. Further Assurances. The Seller and the Purchaser each
agree to execute and deliver such instruments and take such actions as the other
may, from time to time, reasonably request in order to effectuate the purpose
and to carry out the terms of this Agreement and the Pooling and Servicing
Agreement.
Section 13. Survival. Each party hereto agrees that the
representations, warranties and agreements made by it herein and in any
certificate or other instrument delivered pursuant hereto shall be deemed to be
relied upon by the other party, notwithstanding any investigation heretofore or
hereafter made by the other party or on its behalf, and that the
representations, warranties and agreements made by such other party herein or in
any such certificate or other instrument shall survive the delivery of and
payment for the Mortgage Loans and shall continue in full force and effect,
notwithstanding any restrictive or qualified endorsement on the Mortgage Notes
and notwithstanding subsequent termination of this Agreement.
Section 14. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS, DUTIES,
OBLIGATIONS AND RESPONSIBILITIES OF THE PARTIES HERETO SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE 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. Benefits of Mortgage Loan Purchase Agreement. This
Agreement shall inure to the benefit of and shall be binding upon the Seller,
the Purchaser and their respective successors, legal representatives, and
permitted assigns, and nothing expressed or mentioned in this Agreement is
intended or shall be construed to give any other person any legal or equitable
right, remedy or claim under or in respect of this Agreement, or any provisions
herein contained, this Agreement and all conditions and provisions hereof being
intended to be and being for the sole and exclusive benefit of such persons and
for the benefit of no other person except that (a) each Underwriter shall be a
third party beneficiary of the Seller's representations and warranties set forth
in Section 4(a)(vii) and (b) the rights and obligations of the Purchaser
pursuant to Sections 2, 4(a) (other than clause (vii)), 5, 11 and 12 hereof may
be assigned to the Trustee as may be required to effect the purposes of the
Pooling and Servicing Agreement and, upon such assignment, the Trustee shall
succeed to the rights and obligations hereunder of the Purchaser. No owner of a
Certificate issued pursuant to the Pooling and Servicing Agreement shall be
deemed a successor or permitted assigns because of such ownership.
Section 16. Miscellaneous. This Agreement may be executed in two or
more counterparts, each of which when so executed and delivered shall be an
original, but all of which together shall constitute one and the same
instrument. Neither this Agreement nor any term hereof may be changed, waived,
discharged or terminated orally, but only by an instrument in writing signed by
the party against whom enforcement of the change, waiver, discharge or
termination is sought. The headings in this Agreement are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof. 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 the entire business of the Seller
shall be the successor to the Seller hereunder.
Section 17. Entire Agreement. This Agreement contains the entire
agreement and understanding between the parties hereto with respect to the
subject matter hereof (other than the Letter of Understanding, the
Indemnification Agreement and the Pooling and Servicing Agreement), and
supersedes all prior and contemporaneous agreements, understandings, inducements
and conditions, express or implied, oral or written, of any nature whatsoever
with respect to the subject matter hereof. The express terms hereof control and
supersede any course of performance or usage of the trade inconsistent with any
of the terms hereof. Seller's obligations hereunder shall in no way be expanded,
changed or otherwise affected by any amendment of or modification to the Pooling
and Servicing Agreement including, without limitation, any defined terms
therein, unless the Seller has consented to such amendment or modification in
writing.
IN WITNESS WHEREOF, the Purchaser and the Seller have caused this
Agreement to be executed by their respective duly authorized officers as of the
date first above written.
LASALLE BANK NATIONAL ASSOCIATION
By: /s/ Xxxxx X. Xxxxxxxxx
--------------------------------------------
Name: Xxxxx X. Xxxxxxxxx
Title: V.P., Director of Structured Products
XXXXXX XXXXXXX CAPITAL I INC.
By: /s/ Xxxxxxx X. Xxxxxx
--------------------------------------------
Name: Xxxxxxx X Xxxxxx
Title: Executive Director
EXHIBIT 1
MORTGAGE LOAN SCHEDULE
APPENDIX II
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Mortgage Loan No. CMSA Loan No. CMSA Property No. Mortgage Loan Seller(1)
----------------- ------------- ----------------- -----------------------
1
1 0-000 XxXxxxx
2 0-000 XxXxxxx
3 0-000 XxXxxxx
4 0-000 XxXxxxx
5 0-000 XxXxxxx
6 0-000 XxXxxxx
7 0-000 XxXxxxx
8 0-000 XxXxxxx
9 0-000 XxXxxxx
10 0-000 XxXxxxx
11 0-000 XxXxxxx
12 0-000 XxXxxxx
13 0-000 XxXxxxx
14 0-000 XxXxxxx
15 0-000 XxXxxxx
16 0-000 XxXxxxx
17 0-000 XxXxxxx
18 0-000 XxXxxxx
19 0-000 XxXxxxx
20 0-000 XxXxxxx
21 0-000 XxXxxxx
22 0-000 XxXxxxx
23 0-000 XxXxxxx
24 0-000 XxXxxxx
30 7 7-001 LaSalle
32 9 0-000 XxXxxxx
35 12 12-001 LaSalle
38 15 15-001 LaSalle
40 17 17-001 LaSalle
41 18 18-001 LaSalle
49 22 22-001 LaSalle
25
52 25-001 LaSalle
53 00-000 XxXxxxx
54 00-000 XxXxxxx
55 00-000 XxXxxxx
56 00-000 XxXxxxx
57 00-000 XxXxxxx
61 29 29-001 LaSalle
63 31 31-001 LaSalle
64 32 32-001 LaSalle
65 33 33-001 LaSalle
66 34 34-001 LaSalle
68 36 36-001 LaSalle
69 37 37-001 LaSalle
76 44 44-001 LaSalle
77 45 45-001 LaSalle
78 46 46-001 LaSalle
79 47 47-001 LaSalle
81 49 49-001 LaSalle
52
84 52-001 LaSalle
85 00-000 XxXxxxx
86 00-000 XxXxxxx
87 53 53-001 LaSalle
89 55 55-001 LaSalle
59
93 59-001 LaSalle
94 00-000 XxXxxxx
95 00-000 XxXxxxx
96 00-000 XxXxxxx
97 00-000 XxXxxxx
98 00-000 XxXxxxx
99 00-000 XxXxxxx
102 62 62-001 LaSalle
104 64 64-001 LaSalle
105 65 65-001 LaSalle
66
106 66-001 LaSalle
107 00-000 XxXxxxx
108 67 67-001 LaSalle
110 69 69-001 LaSalle
111 70 70-001 LaSalle
113 72 72-001 LaSalle
114 73 73-001 LaSalle
116 75 75-001 LaSalle
120 79 79-001 LaSalle
121 80 80-001 LaSalle
126 85 85-001 LaSalle
127 86 86-001 LaSalle
129 88 88-001 LaSalle
134 93 93-001 LaSalle
135 94 94-001 LaSalle
137 96 96-001 LaSalle
139 98 98-001 LaSalle
140 99 99-001 LaSalle
143 102 102-001 LaSalle
145 104 104-001 LaSalle
146 105 105-001 LaSalle
148 107 107-001 LaSalle
149 108 108-001 LaSalle
150 109 109-001 LaSalle
151 110 110-001 LaSalle
153 112 112-001 LaSalle
158 117 117-001 LaSalle
160 119 119-001 LaSalle
161 120 120-001 LaSalle
162 121 121-001 LaSalle
165 124 124-001 LaSalle
171 130 130-001 LaSalle
176 135 135-001 LaSalle
138
179 138-001 LaSalle
180 138-002 LaSalle
181 139 139-001 LaSalle
184 142 142-001 LaSalle
188 146 146-001 LaSalle
190 148 148-001 LaSalle
195 153 153-001 LaSalle
196 154 154-001 LaSalle
200 158 158-001 LaSalle
201 159 159-001 LaSalle
204 162 162-001 LaSalle
205 163 163-001 LaSalle
208 166 166-001 LaSalle
168
210 168-001 LaSalle
211 168-002 LaSalle
212 168-003 LaSalle
213 168-004 LaSalle
215 170 170-001 LaSalle
219 174 174-001 LaSalle
177
222 177-001 LaSalle
223 177-002 LaSalle
224 177-003 LaSalle
226 179 179-001 LaSalle
227 180 180-001 LaSalle
229 182 182-001 LaSalle
230 183 183-001 LaSalle
231 184 184-001 LaSalle
232 185 185-001 LaSalle
233 186 186-001 LaSalle
234 187 187-001 LaSalle
235 188 188-001 LaSalle
236 189 189-001 LaSalle
237 190 190-001 LaSalle
238 191 191-001 LaSalle
239 192 192-001 LaSalle
240 193 193-001 LaSalle
242 195 195-001 LaSalle
243 196 196-001 LaSalle
245 198 198-001 LaSalle
246 199 199-001 LaSalle
248 201 201-001 LaSalle
249 202 202-001 LaSalle
251 204 204-001 LaSalle
252 205 205-001 LaSalle
253 206 206-001 LaSalle
254 207 207-001 LaSalle
255 208 208-001 LaSalle
256 209 209-001 LaSalle
257 210 210-001 LaSalle
258 211 211-001 LaSalle
260 213 213-001 LaSalle
261 214 214-001 LaSalle
262 215 215-001 LaSalle
263 216 216-001 LaSalle
264 217 217-001 LaSalle
265 218 218-001 LaSalle
270 223 223-001 LaSalle
271 224 224-001 LaSalle
227
274 227-001 LaSalle
275 227-002 LaSalle
276 228 228-001 LaSalle
277 229 229-001 LaSalle
278 230 230-001 LaSalle
280 232 232-001 LaSalle
281 233 233-001 LaSalle
282 234 234-001 LaSalle
283 235 235-001 LaSalle
284 236 236-001 LaSalle
285 237 237-001 LaSalle
288 240 240-001 LaSalle
289 241 241-001 LaSalle
290 242 242-001 LaSalle
292 244 244-001 LaSalle
294 246 246-001 LaSalle
296 248 248-001 LaSalle
297 249 249-001 LaSalle
298 250 250-001 LaSalle
299 251 251-001 LaSalle
300 252 252-001 LaSalle
302 254 254-001 LaSalle
303 255 255-001 LaSalle
304 256 256-001 LaSalle
305 257 257-001 LaSalle
308 260 260-001 LaSalle
261
309 261-001 LaSalle
310 261-002 LaSalle
311 262 262-001 LaSalle
312 263 263-001 LaSalle
313 264 264-001 LaSalle
314 265 265-001 LaSalle
315 266 266-001 LaSalle
316 267 267-001 LaSalle
317 268 268-001 LaSalle
318 269 269-001 LaSalle
Mortgage Loan No. Property Name(2) Loan Group Cross-Collateralization(2)
----------------- ------------------------------------------------------- ---------- --------------------------
RREEF Industrial Portfolio No
1 0000-0000 Xxxxx Xxxx (I) 1 No
2 Hayward Business Park (I) 1 No
3 Xxxxx at Lafayette (I) 1 No
4 Xxxxxxx Distribution Center (I) 1 No
5 Fremont Commerce Center (I) 1 No
6 Montague Industrial Center (I) 1 No
7 Xxxxx Landing Business Park (I) 1 No
8 Bay Center Business Park II (I) 1 No
9 Huntwood Business Center (I) 1 No
10 Port of Oakland Business Center (I) 1 No
11 Charcot Business Center (I) 1 No
12 Cabot Boulevard Warehouse (I) 1 No
13 Bay Center Business Park III (I) 1 No
14 Bayview Business Center (I) 1 No
15 1710 Little Orchard (I) 1 No
16 COG Warehouse (I) 1 No
00 Xxxxxxxxxx Xxxxx (I) 1 No
18 Okidata Distribution Center (I) 1 No
19 Eden Landing Business Center (I) 1 No
20 Xxxxxxxxx Business Center (I) 1 No
21 Bay Center Distribution Center (I) 1 No
22 Cadillac Court I (I) 1 No
23 Bay Center Business Park I (I) 1 No
24 Cadillac Court II (I) 1 No
30 Gateway Center IV 1 No
32 Harbour Centre 1 No
35 Broadway Xxxxxx 0 Xx
00 Xxxxx Xxxxxxxx Xxxxxxxx 0 Xx
00 Xxxxxxxx Xxxxx 1 No
41 Riverwood Corporate Xxxxxx 0 Xx
00 Xxxxxx'x Xxxxxx Xxxxxxxxxx 0 Xx
Prium Portfolio No
52 Prium Portfolio - Puyallup (III) 1 No
53 Prium Portfolio - Bremerton (III) 1 No
54 Prium Portfolio - University Place (III) 1 No
55 Prium Portfolio - Kennewick (III) 1 No
56 Prium Portfolio - Aberdeen (III) 1 No
57 Prium Portfolio - Seattle (III) 1 No
61 University Heights II Student Housing 2 No
63 The Seasons at Horsetooth Crossing 1 No
00 Xxxxxxxxxxxx Xxxxxx 0 Xx
00 XXX - Xxxxxx Xxxxx MHP 2 No
66 Lansdowne Medical Office Pavilion 1 No
68 NNN - One Northlake Park 1 No
69 The Hague Corporation 1 No
76 Xxxxx Xxxxx 2 No
77 Xxxxxx Industrial 1 No
78 Shops at Rock Creek 1 No
79 000 Xxxxxxxxxx Xxxxx 1 No
00 Xxxxxx Xxx Xxxxxxxxxx 0 Xx
Xxxxxxx Xxxxx Portfolio No
84 Wichita Falls Portfolio - The Woodlands (IV) 2 No
85 Wichita Falls Portfolio - Lakeview Townhomes (IV) 2 No
86 Wichita Falls Portfolio - Lake View Villas (IV) 2 No
87 Marketplace at Darien 1 No
89 Grand Commerce Center 1 No
Danube Portfolio No
93 Danube Portfolio - 0000 Xxxxxxxxx Xxx. (V) 2 No
94 Danube Portfolio - 0000-0000 0xx Xxx. (V) 2 No
95 Danube Portfolio - 0000 Xxxxxxxx Xx. (V) 2 No
96 Danube Portfolio - 000 Xxxxx Xx. (V) 2 No
97 Danube Portfolio - 0000-00 Xxxxxx Xxx. (V) 2 No
98 Danube Portfolio - 0000-00 X. Xxxxx Xxxx Xxxx. (V) 2 No
99 Danube Portfolio - 3927 - 00 0xx Xxx. (V) 2 No
000 Xxxxxx Xxxxx Xxxxx 0 Xx
000 Xxxxx Xxxx Apartments 2 No
105 Harbor Pointe 2 No
The Ridge at Xxxxxx Station & Heatherwood Terrace No
106 The Ridge at Xxxxxx Station (VI) 2 No
000 Xxxxxxxxxxx Xxxxxxx (VI) 2 No
108 Creekwood Landing 2 No
110 Xxxxxxx Portfolio - Stroudwater Crossings (C) 1 Yes
111 Xxxxxxx Portfolio - Orthopaedic Associates (C) 1 Yes
000 Xxxxxxx Xxxxxx 0 Xx
000 Xxxxxxx Xxxx Xxxx 2 No
116 Colony Oaks by the Bay Apartments 2 No
120 Canton Landing Shopping 1 No
121 Savannah Financial Center 1 No
126 The Commons 1 No
000 Xxxxxxx Xxx - Xxxxxxxxxx, XX 1 No
129 00-00 Xxxxxxxx Xxxx 0 Xx
000 Xxx Xxxxxx Foods 1 Xx
000 00 Xxxxxx Xxxxx Xxxxx 0 Xx
137 Promenade Shoppes at Xxxx Xxxxxxx 0 Xx
000 Xxxxxxxx Xxxxx 2 No
000 Xxx Xxxxxxxxx of Shoppes 1 No
143 Rolling Xxxxxxx Strip Center 1 No
145 CapMar Xxxxxx 0 Xx
000 Xxxxxxx Xxxxxxxx Xxxx V 1 No
000 Xxxxxxxxx Xxxxxxxxxx Xxxx 1 No
149 Xxxxxx Self Storage 1 No
150 Willow Trace Apartments 2 No
151 San Marcos Self Storage 1 No
153 Strongbox - 0000 X Xxxxxxx 0 Xx
000 Xxxxxxx Xxxxxxx II 2 No
160 The Bluffs at Northwoods 2 No
161 Lowe's - Nampa 1 No
162 Stoneybrook Apartments 2 No
000 Xxxxxxxx Xxxxx 1 No
171 Springtown Shopping Xxxxxx 0 Xx
000 Xxxxxxx Xxxxxxx XXX 0 Xx
Oklahoma Self Storage Portfolio No
179 Amazing Space Self Storage (VII) 1 No
180 Ardmore Self Storage (VII) 1 No
181 Xxxxxxxx Crossing 1 No
184 Xxxx Professional Plaza 1 No
188 U-Stor Xxxxxxxx 1 No
190 Mass Mutual Xxxxxxxx 0 Xx
000 Xxxxx Xxxxxx Apartments 2 No
000 Xxxxxxx Xxxx Apartments 2 No
200 Canon Perdido Xxxxxx 0 Xx
000 Xxxxxx Xxxxx Shopping 1 No
000 Xxxxxxx Xxxxx - Xxxxxxx, XX 1 No
205 Doral Centre 1 No
208 VE - Holiday Inn Express Brownsville, TX 1 No
Xxxxxxx Apartment Portfolio No
000 Xxxxxxx Xxxxxxxxxx 0 - Xxxxxxx Xxxxx & Xxx Xxxxx (VIII) 2 Xx
000 Xxxxxxx Xxxxxxxxxx 0 - Xxxxxxxxxx Xxxx (VIII) 2 No
212 Xxxxxxx Apartments 4 - XxXxxxxx (VIII) 2 Xx
000 Xxxxxxx Xxxxxxxxxx 0 - Xxxxxxxxx (XXXX) 2 No
000 Xxxxxxxxx Xxxxxxx II Apartments 2 No
219 Strongbox - 0000 X. Xxxxxx Xxxx 1 No
Little Rock Retail Portfolio No
000 Xxxxxx Xxxx Xxxxxx - Xxxxxx Xxxxx (IX) 1 No
223 Little Rock Retail - Apple Valley Shopping Center (IX) 1 No
224 Little Rock Retail - Lakewood (IX) 1 No
226 Chelsea Apartments 2 No
000 Xxx Xxxx Xxxxx 0 Xx
000 Xxxxxxxxxx Retail 1 No
000 Xxxxxxx Xxx - Xxxxxxxxxx, XX 1 No
231 Jasmine Properties 1 No
232 Indoor Self Storage 1 Xx
000 Xxxxx Xxxxx & Xxxxxxxxx 0 Xx
234 000 Xxxx Xxxxxxx Xxxxx 1 No
235 Arlington Apartments 2 No
236 Windsor Village Shopping Center 1 No
237 Michaels Duluth 1 No
238 Forum Business Park II 1 No
239 The Extra Closet 1 No
240 Independence Commons MHC 1 No
242 VE - Xxxxxx Xxxxx Apartments 2 No
243 0000 Xxxx Xxx Xxxxx Xxxxxx 1 No
245 Xxxxxxxxx Mini Storage 1 No
000 Xxxxxx Xxxx Apartments 2 No
248 Stonecrest Apartments 2 No
249 Durango Professional Plaza 1 No
251 000 Xxxxxxxx Xxxxx 1 No
252 FedEx - Macon, GA 1 No
253 CVS Zanesville, OH 1 No
000 Xxxxxx Xxxx Crossing 1 No
255 Walgreens Westfield 1 No
256 TGW Ermanco 1 No
257 Glendale Industrial 1 No
258 Xxxxxx Station 1 No
260 Mountain View Center 1 No
261 CVS - Dunkirk, NY 1 No
000 Xxxxxxxxxxxx Xxxxxx 1 No
263 Cambridge Building 1 No
264 CVS Meadville, PA 1 No
265 Lancaster Properties 2 No
270 Gleannlock Farms 1 No
271 All About Storage 1 No
Xxxxxxx Portfolio No
274 Xxxxxxx Portfolio - 0000-0000 Xxxx Xxxx. (X) 2 No
275 Xxxxxxx Portfolio - 0000-0000 Xxxx Xxxx. (X) 2 No
276 All Spanaway Storage 1 No
277 Houston Levee Collections Shopping Xxxxxx 0 Xx
000 00000 Xxxxxx Xxxx 0 Xx
280 Athens Town Center 1 No
281 All Star Self Storage 1 No
282 Memorial Self Storage 1 No
283 Newtown Self Storage 1 No
284 Xxxxxxxxx Crossing 1 No
285 Xxxx Mobile Home Community 2 No
288 West Side Mini Storage 1 No
289 Springhouse Office Park 1 No
290 Estacada Mini Storage 1 No
292 Grand Island Apartments 2 No
000 Xxxxxxxxx Xxxxxxx 2 No
296 Xxxxx Freedom Center 1 No
297 Huntingdon Plaza Shopping Xxxxxx 0 Xx
000 Xxxxxxx Xxxxxxxxxxxx Xxxxxxxxx 0 Xx
299 Sunbelt Rentals 1 No
300 7th & Greentree Retail 1 No
302 Van Buren Self Storage 1 Xx
000 Xxxxxxxxxx Xxxxxxxx Xxxxxx 0 Xx
000 Xxxxxxx Xxxxxxx MHP 1 No
305 Forest Hill Center 1 No
308 Mesa Sunrise Shopping Center 1 No
Tennessee Self Storage Portfolio No
000 Xxxxx Xxxx Self Storage (XI) 1 No
310 A-1 Self Storage (XI) 1 No
311 Whitehall Apartments 2 No
312 2750 West Main 1 No
313 11930 and 11950 Starcrest Retail/Office 1 No
314 Q's Quick Mini Storage 1 No
315 Mexia Plaza Retail Xxxxxx 0 Xx
000 Xxxxxxxxx Xxxxxxx 0 Xx
317 Suncom Center 1 No
318 Prineville Storage 1 No
Mortgage Loan No. Original Balance Cut-Off Date Balance(3) NOI DSCR(4) NCF DSCR(4) Post IO Period NCF DSCR(4)
----------------- ---------------- ----------------------- ----------- ----------- --------------------------
$250,000,000 $250,000,000 2.28 2.10 NAP
1 $28,600,000 $28,600,000 2.28 2.10 NAP
2 $27,300,000 $27,300,000 2.28 2.10 NAP
3 $19,300,000 $19,300,000 2.28 2.10 NAP
4 $19,100,000 $19,100,000 2.28 2.10 NAP
5 $14,200,000 $14,200,000 2.28 2.10 NAP
6 $14,200,000 $14,200,000 2.28 2.10 NAP
7 $13,400,000 $13,400,000 2.28 2.10 NAP
8 $12,300,000 $12,300,000 2.28 2.10 NAP
9 $11,600,000 $11,600,000 2.28 2.10 NAP
10 $10,800,000 $10,800,000 2.28 2.10 NAP
11 $10,300,000 $10,300,000 2.28 2.10 NAP
12 $9,300,000 $9,300,000 2.28 2.10 NAP
13 $8,700,000 $8,700,000 2.28 2.10 NAP
14 $7,300,000 $7,300,000 2.28 2.10 NAP
15 $5,900,000 $5,900,000 2.28 2.10 NAP
16 $5,700,000 $5,700,000 2.28 2.10 NAP
17 $5,300,000 $5,300,000 2.28 2.10 NAP
18 $5,200,000 $5,200,000 2.28 2.10 NAP
19 $4,800,000 $4,800,000 2.28 2.10 NAP
20 $4,500,000 $4,500,000 2.28 2.10 NAP
21 $3,400,000 $3,400,000 2.28 2.10 NAP
22 $3,200,000 $3,200,000 2.28 2.10 NAP
23 $3,100,000 $3,100,000 2.28 2.10 NAP
24 $2,500,000 $2,500,000 2.28 2.10 NAP
30 $61,000,000 $61,000,000 1.50 1.41 1.19
32 $51,180,000 $51,180,000 1.61 1.53 1.26
35 $37,500,000 $37,500,000 2.33 2.10 NAP
38 $33,675,000 $33,675,000 1.78 1.74 NAP
40 $27,600,000 $27,600,000 1.53 1.46 1.25
41 $25,200,000 $25,200,000 1.58 1.46 1.21
49 $22,300,000 $22,300,000 1.38 1.32 1.09
$19,280,000 $19,178,640 1.28 1.24 NAP
52 $5,392,178 $5,363,830 1.28 1.24 NAP
53 $4,444,103 $4,420,739 1.28 1.24 NAP
54 $3,370,111 $3,352,394 1.28 1.24 NAP
55 $2,444,257 $2,431,407 1.28 1.24 NAP
56 $2,073,915 $2,063,012 1.28 1.24 NAP
57 $1,555,436 $1,547,259 1.28 1.24 NAP
61 $17,000,000 $17,000,000 1.49 1.43 1.22
63 $16,100,000 $16,100,000 1.56 1.51 1.27
64 $15,200,000 $15,200,000 1.53 1.49 NAP
65 $14,800,000 $14,800,000 1.38 1.35 1.15
66 $14,000,000 $14,000,000 1.61 1.51 1.26
68 $13,350,000 $13,350,000 1.59 1.41 1.20
69 $13,000,000 $12,987,854 1.95 1.74 NAP
76 $11,960,000 $11,940,123 1.43 1.32 NAP
77 $11,700,000 $11,700,000 1.68 1.58 1.32
78 $11,700,000 $11,700,000 1.47 1.41 1.18
79 $11,560,000 $11,560,000 1.45 1.38 1.15
81 $11,000,000 $11,000,000 1.34 1.28 NAP
$10,600,000 $10,600,000 1.81 1.69 1.34
84 $4,799,998 $4,799,998 1.81 1.69 1.34
85 $4,320,030 $4,320,030 1.81 1.69 1.34
86 $1,479,972 $1,479,972 1.81 1.69 1.34
87 $10,350,000 $10,330,129 1.27 1.22 NAP
89 $10,000,000 $9,993,314 1.27 1.21 NAP
$9,500,000 $9,500,000 1.41 1.37 1.14
93 $1,974,848 $1,974,848 1.41 1.37 1.14
94 $1,871,212 $1,871,212 1.41 1.37 1.14
95 $1,445,152 $1,445,152 1.41 1.37 1.14
96 $1,364,545 $1,364,545 1.41 1.37 1.14
97 $1,105,455 $1,105,455 1.41 1.37 1.14
98 $996,061 $996,061 1.41 1.37 1.14
99 $742,727 $742,727 1.41 1.37 1.14
102 $9,000,000 $9,000,000 1.48 1.43 1.20
104 $9,000,000 $8,991,721 1.43 1.34 NAP
105 $9,000,000 $8,985,146 1.39 1.31 NAP
$9,000,000 $8,976,024 1.34 1.20 NAP
106 $5,230,769 $5,216,835 1.34 1.20 NAP
107 $3,769,231 $3,759,190 1.34 1.20 NAP
108 $8,940,000 $8,925,279 1.37 1.27 NAP
110 $4,680,000 $4,680,000 1.60 1.48 1.24
111 $3,870,000 $3,870,000 1.60 1.48 1.24
113 $8,300,000 $8,300,000 1.43 1.33 1.13
114 $8,200,000 $8,200,000 1.50 1.45 NAP
116 $7,720,000 $7,707,259 1.35 1.27 NAP
120 $7,600,000 $7,592,214 1.30 1.20 NAP
121 $7,500,000 $7,500,000 1.52 1.38 1.16
126 $7,200,000 $7,189,022 2.78 2.54 NAP
127 $7,023,000 $6,995,290 1.52 1.34 NAP
129 $6,900,000 $6,894,266 1.28 1.26 NAP
134 $6,675,000 $6,657,313 1.42 1.29 NAP
135 $6,650,000 $6,650,000 1.70 1.54 1.29
137 $6,525,000 $6,525,000 1.48 1.40 1.20
139 $6,500,000 $6,500,000 1.28 1.23 NAP
140 $6,500,000 $6,500,000 1.56 1.47 NAP
143 $6,400,000 $6,400,000 1.89 1.76 NAP
145 $6,250,000 $6,250,000 1.30 1.22 1.05
146 $6,200,000 $6,200,000 1.80 1.58 1.31
148 $6,040,000 $6,033,976 1.30 1.20 NAP
149 $6,000,000 $6,000,000 1.51 1.47 1.25
150 $5,880,000 $5,880,000 1.65 1.54 NAP
151 $5,850,000 $5,850,000 1.48 1.44 1.22
153 $5,800,000 $5,793,910 1.46 1.43 NAP
158 $5,600,000 $5,600,000 1.30 1.23 NAP
160 $5,575,000 $5,575,000 1.90 1.75 NAP
161 $5,575,000 $5,575,000 1.27 1.27 NAP
162 $5,500,000 $5,500,000 1.42 1.35 1.15
165 $5,300,000 $5,300,000 1.52 1.42 1.20
171 $5,040,000 $5,040,000 1.56 1.44 1.22
176 $4,800,000 $4,795,533 1.42 1.39 NAP
$4,625,000 $4,620,396 1.30 1.25 NAP
179 $3,225,000 $3,221,790 1.30 1.25 NAP
180 $1,400,000 $1,398,606 1.30 1.25 NAP
181 $4,500,000 $4,500,000 1.37 1.28 1.07
184 $4,490,000 $4,490,000 1.35 1.25 NAP
188 $4,375,000 $4,375,000 1.38 1.34 NAP
190 $4,300,000 $4,300,000 1.70 1.51 1.25
195 $4,200,000 $4,200,000 1.56 1.46 1.23
196 $4,200,000 $4,195,851 1.46 1.35 NAP
200 $4,000,000 $4,000,000 1.67 1.56 1.33
201 $4,000,000 $4,000,000 1.37 1.26 NAP
204 $4,000,000 $3,996,227 1.42 1.24 NAP
205 $4,000,000 $3,996,003 1.30 1.21 NAP
208 $3,800,000 $3,800,000 1.88 1.66 NAP
$3,800,000 $3,796,246 1.29 1.21 NAP
210 $1,388,309 $1,386,937 1.29 1.21 NAP
211 $1,213,779 $1,212,580 1.29 1.21 NAP
212 $674,322 $673,655 1.29 1.21 NAP
213 $523,591 $523,074 1.29 1.21 NAP
215 $3,760,000 $3,756,235 1.36 1.21 NAP
219 $3,700,000 $3,696,115 2.15 2.11 NAP
$3,600,000 $3,600,000 1.34 1.17 NAP
222 $1,568,317 $1,568,317 1.34 1.17 NAP
223 $1,069,307 $1,069,307 1.34 1.17 NAP
224 $962,376 $962,376 1.34 1.17 NAP
226 $3,525,000 $3,521,826 1.34 1.21 NAP
227 $3,500,000 $3,500,000 1.53 1.45 1.21
229 $3,420,000 $3,416,193 1.27 1.20 NAP
230 $3,433,000 $3,399,116 1.51 1.34 NAP
231 $3,300,000 $3,286,621 2.03 1.80 NAP
232 $3,250,000 $3,246,946 1.23 1.20 NAP
233 $3,200,000 $3,200,000 1.31 1.23 NAP
234 $3,200,000 $3,194,583 1.39 1.24 NAP
235 $3,200,000 $3,194,266 1.30 1.20 NAP
236 $3,150,000 $3,146,906 1.40 1.28 NAP
237 $3,100,000 $3,100,000 1.38 1.30 NAP
238 $3,100,000 $3,096,890 1.35 1.24 NAP
239 $3,040,000 $3,034,650 1.33 1.30 NAP
240 $3,000,000 $3,000,000 1.89 1.81 NAP
242 $3,000,000 $2,992,529 1.33 1.27 NAP
243 $2,900,000 $2,895,045 1.51 1.40 NAP
245 $2,850,000 $2,847,168 1.29 1.26 NAP
246 $2,840,000 $2,840,000 1.59 1.44 1.16
248 $2,800,000 $2,800,000 1.55 1.47 1.24
249 $2,800,000 $2,794,983 1.33 1.24 NAP
251 $2,750,000 $2,750,000 1.50 1.42 NAP
252 $2,678,000 $2,675,329 1.27 1.22 NAP
253 $2,650,000 $2,650,000 1.16 1.16 NAP
254 $2,625,000 $2,621,235 1.30 1.25 NAP
255 $2,607,000 $2,607,000 2.14 2.12 NAP
256 $2,600,000 $2,600,000 1.85 1.60 1.35
257 $2,560,000 $2,560,000 1.85 1.60 1.36
258 $2,570,000 $2,559,683 1.32 1.23 NAP
260 $2,500,000 $2,500,000 1.39 1.37 1.15
261 $2,490,000 $2,490,000 1.16 1.16 NAP
262 $2,490,000 $2,485,488 1.58 1.42 NAP
263 $2,470,000 $2,467,527 1.58 1.39 NAP
264 $2,445,000 $2,445,000 1.16 1.16 NAP
265 $2,445,000 $2,438,765 1.27 1.21 NAP
270 $2,381,000 $2,378,612 1.34 1.26 NAP
271 $2,360,000 $2,360,000 1.53 1.49 1.25
$2,310,000 $2,310,000 1.59 1.49 1.24
274 $1,659,966 $1,659,966 1.59 1.49 1.24
275 $650,034 $650,034 1.59 1.49 1.24
276 $2,300,000 $2,297,715 1.65 1.60 NAP
277 $2,225,000 $2,225,000 1.52 1.42 1.21
278 $2,180,000 $2,180,000 1.41 1.26 NAP
280 $2,100,000 $2,098,038 1.26 1.18 NAP
281 $2,080,000 $2,077,889 1.33 1.29 NAP
282 $2,075,000 $2,067,953 1.30 1.24 NAP
283 $2,035,000 $2,035,000 1.54 1.49 1.26
284 $2,000,000 $2,000,000 1.56 1.48 1.26
285 $2,000,000 $1,998,005 1.13 1.08 NAP
288 $1,900,000 $1,898,180 1.27 1.21 NAP
289 $1,900,000 $1,898,134 1.30 1.19 NAP
290 $1,900,000 $1,898,112 1.32 1.27 NAP
292 $1,820,000 $1,820,000 1.54 1.43 NAP
294 $1,710,000 $1,710,000 1.53 1.43 1.20
296 $1,640,000 $1,638,404 1.32 1.23 NAP
297 $1,560,000 $1,557,407 1.30 1.20 NAP
298 $1,550,000 $1,548,445 1.36 1.21 NAP
299 $1,538,441 $1,533,498 1.41 1.35 NAP
300 $1,500,000 $1,500,000 2.19 2.04 1.74
302 $1,500,000 $1,498,599 1.81 1.73 NAP
303 $1,500,000 $1,498,507 1.43 1.22 NAP
304 $1,500,000 $1,498,495 1.43 1.37 NAP
305 $1,470,000 $1,467,483 1.30 1.22 NAP
308 $1,360,000 $1,358,763 1.35 1.29 NAP
$1,280,000 $1,280,000 1.49 1.42 1.24
309 $643,975 $643,975 1.49 1.42 1.24
310 $636,025 $636,025 1.49 1.42 1.24
311 $1,250,000 $1,248,784 1.30 1.20 NAP
312 $1,240,000 $1,237,930 1.29 1.21 NAP
313 $1,225,000 $1,223,364 1.45 1.25 NAP
314 $1,136,000 $1,134,989 1.27 1.22 NAP
315 $1,125,000 $1,125,000 1.58 1.48 NAP
316 $1,025,000 $1,024,010 1.42 1.37 NAP
317 $1,009,222 $1,009,222 1.34 1.27 NAP
318 $950,000 $950,000 1.51 1.41 NAP
Mortgage Loan No. Cut-Off Date LTV(4) Balloon LTV(4) Cut-Off Date LTV Without Tax Credits(4)
----------------- ------------------- -------------- ---------------------------------------
52.5% 52.5% NAP
1 52.5% 52.5% NAP
2 52.5% 52.5% NAP
3 52.5% 52.5% NAP
4 52.5% 52.5% NAP
5 52.5% 52.5% NAP
6 52.5% 52.5% NAP
7 52.5% 52.5% NAP
8 52.5% 52.5% NAP
9 52.5% 52.5% NAP
10 52.5% 52.5% NAP
11 52.5% 52.5% NAP
12 52.5% 52.5% NAP
13 52.5% 52.5% NAP
14 52.5% 52.5% NAP
15 52.5% 52.5% NAP
16 52.5% 52.5% NAP
17 52.5% 52.5% NAP
18 52.5% 52.5% NAP
19 52.5% 52.5% NAP
20 52.5% 52.5% NAP
21 52.5% 52.5% NAP
22 52.5% 52.5% NAP
23 52.5% 52.5% NAP
24 52.5% 52.5% NAP
30 79.2% 74.2% NAP
32 73.1% 68.1% NAP
35 54.3% 54.3% NAP
38 64.8% 64.8% NAP
40 72.4% 68.1% NAP
41 79.5% 74.2% NAP
49 72.6% 65.3% NAP
73.7% 63.4% NAP
52 73.7% 63.4% NAP
53 73.7% 63.4% NAP
54 73.7% 63.4% NAP
55 73.7% 63.4% NAP
56 73.7% 63.4% NAP
57 73.7% 63.4% NAP
61 67.2% 61.0% NAP
63 64.9% 58.7% NAP
64 76.0% 76.0% NAP
65 76.3% 71.6% NAP
66 79.5% 71.6% NAP
68 75.0% 70.4% NAP
69 65.9% 56.6% NAP
76 79.0% 68.1% NAP
77 71.8% 67.1% NAP
78 79.6% 74.4% NAP
79 80.0% 72.1% NAP
81 59.1% 38.5% NAP
78.9% 71.7% NAP
84 78.9% 71.7% NAP
85 78.9% 71.7% NAP
86 78.9% 71.7% NAP
87 75.5% 63.9% NAP
89 75.7% 71.1% NAP
57.6% 51.9% NAP
93 57.6% 51.9% NAP
94 57.6% 51.9% NAP
95 57.6% 51.9% NAP
96 57.6% 51.9% NAP
97 57.6% 51.9% NAP
98 57.6% 51.9% NAP
99 57.6% 51.9% NAP
102 72.6% 67.9% NAP
104 79.9% 68.8% NAP
105 77.7% 67.0% NAP
76.7% 65.9% NAP
106 76.7% 65.9% NAP
107 76.7% 65.9% NAP
108 78.3% 67.5% NAP
110 78.8% 69.7% NAP
111 78.8% 69.7% NAP
113 75.5% 70.7% NAP
114 52.6% 52.6% NAP
116 77.3% 66.7% NAP
120 80.1% 67.9% NAP
121 77.3% 68.5% NAP
126 33.0% 25.3% NAP
127 72.9% 57.5% NAP
129 78.3% 74.3% NAP
134 74.4% 63.9% NAP
135 80.1% 70.9% NAP
137 69.8% 65.6% NAP
139 76.5% 71.9% NAP
140 79.8% 79.8% NAP
143 55.7% 47.1% NAP
145 79.7% 74.9% NAP
146 79.9% 71.8% NAP
148 63.5% 54.0% NAP
149 71.6% 64.8% NAP
150 80.0% 80.0% NAP
151 78.5% 73.6% NAP
153 68.5% 57.8% NAP
158 80.0% 74.8% NAP
160 76.4% 76.4% NAP
161 79.6% 79.6% NAP
162 67.1% 61.0% NAP
165 72.1% 67.5% NAP
171 76.9% 68.2% NAP
176 74.9% 64.4% NAP
72.6% 61.8% NAP
179 72.6% 61.8% NAP
180 72.6% 61.8% NAP
181 76.3% 71.2% NAP
184 77.4% 65.6% NAP
188 78.1% 66.2% NAP
190 79.3% 71.2% NAP
195 79.2% 71.6% NAP
196 79.9% 68.1% NAP
200 58.8% 55.2% NAP
201 69.1% 58.5% NAP
204 74.0% 69.6% NAP
205 78.4% 66.6% NAP
208 62.3% 49.4% NAP
79.3% 67.5% NAP
210 79.3% 67.5% NAP
211 79.3% 67.5% NAP
212 79.3% 67.5% NAP
213 79.3% 67.5% NAP
215 80.6% 68.5% NAP
219 44.1% 37.2% NAP
71.3% 55.8% NAP
222 71.3% 55.8% NAP
223 71.3% 55.8% NAP
224 71.3% 55.8% NAP
226 69.7% 60.2% NAP
227 63.6% 59.5% NAP
229 71.2% 59.5% NAP
230 62.9% 29.2% NAP
231 43.2% 28.9% NAP
232 78.1% 67.0% NAP
233 63.4% 41.6% NAP
234 79.9% 68.7% NAP
235 73.6% 62.8% NAP
236 74.0% 63.1% NAP
237 72.9% 63.1% NAP
238 79.0% 67.1% NAP
239 70.6% 60.4% NAP
240 55.4% 55.4% NAP
242 74.8% 64.8% NAP
243 56.8% 48.7% NAP
245 77.6% 66.0% NAP
246 80.0% 72.8% NAP
248 72.7% 64.5% NAP
249 71.3% 60.9% NAP
251 73.5% 62.4% NAP
252 69.5% 59.1% NAP
253 73.0% 61.9% NAP
254 65.5% 51.0% NAP
255 49.1% 49.1% NAP
256 72.2% 65.2% NAP
257 80.0% 72.4% NAP
258 75.7% 65.6% NAP
260 73.5% 66.5% NAP
261 73.2% 62.1% NAP
262 69.5% 59.3% NAP
263 69.3% 58.9% NAP
264 73.0% 61.9% NAP
265 77.4% 61.1% NAP
270 72.5% 61.6% NAP
271 78.7% 69.6% NAP
54.7% 49.3% NAP
274 54.7% 49.3% NAP
275 54.7% 49.3% NAP
276 57.3% 48.7% NAP
277 74.2% 64.9% NAP
278 74.7% 57.5% NAP
280 74.9% 64.3% NAP
281 74.2% 62.9% NAP
282 58.0% 50.0% NAP
283 65.6% 58.3% NAP
284 66.7% 59.3% NAP
285 71.4% 60.7% NAP
288 78.1% 66.8% NAP
289 73.0% 62.2% NAP
290 75.9% 64.6% NAP
292 80.0% 62.8% NAP
294 77.7% 68.9% NAP
296 78.0% 66.6% NAP
297 75.6% 65.1% NAP
298 65.3% 55.5% NAP
299 56.8% 49.2% NAP
300 44.6% 40.5% NAP
302 37.5% 32.2% NAP
303 76.8% 65.4% NAP
304 71.4% 60.6% NAP
305 75.3% 64.6% NAP
308 75.5% 65.1% NAP
79.5% 70.1% NAP
309 79.5% 70.1% NAP
310 79.5% 70.1% NAP
311 78.0% 66.6% NAP
312 77.9% 67.0% NAP
313 72.0% 56.9% NAP
314 79.4% 74.9% NAP
315 67.6% 57.4% NAP
316 68.3% 58.3% NAP
317 74.8% 64.0% NAP
318 57.2% 48.7% NAP
Mortgage Loan No. Balloon LTV Without Tax Credits(4)
----------------- ----------------------------------
NAP
1 NAP
2 NAP
3 NAP
4 NAP
5 NAP
6 NAP
7 NAP
8 NAP
9 NAP
10 NAP
11 NAP
12 NAP
13 NAP
14 NAP
15 NAP
16 NAP
17 NAP
18 NAP
19 NAP
20 NAP
21 NAP
22 NAP
23 NAP
24 NAP
30 NAP
32 NAP
35 NAP
38 NAP
40 NAP
41 NAP
49 NAP
NAP
52 NAP
53 NAP
54 NAP
55 NAP
56 NAP
57 NAP
61 NAP
63 NAP
64 NAP
65 NAP
66 NAP
68 NAP
69 NAP
76 NAP
77 NAP
78 NAP
79 NAP
81 NAP
NAP
84 NAP
85 NAP
86 NAP
87 NAP
89 NAP
NAP
93 NAP
94 NAP
95 NAP
96 NAP
97 NAP
98 NAP
99 NAP
102 NAP
104 NAP
105 NAP
NAP
106 NAP
107 NAP
108 NAP
110 NAP
111 NAP
113 NAP
114 NAP
116 NAP
120 NAP
121 NAP
126 NAP
127 NAP
129 NAP
134 NAP
135 NAP
137 NAP
139 NAP
140 NAP
143 NAP
145 NAP
146 NAP
148 NAP
149 NAP
150 NAP
151 NAP
153 NAP
158 NAP
160 NAP
161 NAP
162 NAP
165 NAP
171 NAP
176 NAP
NAP
179 NAP
180 NAP
181 NAP
184 NAP
188 NAP
190 NAP
195 NAP
196 NAP
200 NAP
201 NAP
204 NAP
205 NAP
208 NAP
NAP
210 NAP
211 NAP
212 NAP
213 NAP
215 NAP
219 NAP
NAP
222 NAP
223 NAP
224 NAP
226 NAP
227 NAP
229 NAP
230 NAP
231 NAP
232 NAP
233 NAP
234 NAP
235 NAP
236 NAP
237 NAP
238 NAP
239 NAP
240 NAP
242 NAP
243 NAP
245 NAP
246 NAP
248 NAP
249 NAP
251 NAP
252 NAP
253 NAP
254 NAP
255 NAP
256 NAP
257 NAP
258 NAP
260 NAP
261 NAP
262 NAP
263 NAP
264 NAP
265 NAP
270 NAP
271 NAP
NAP
274 NAP
275 NAP
276 NAP
277 NAP
278 NAP
280 NAP
281 NAP
282 NAP
283 NAP
284 NAP
285 NAP
288 NAP
289 NAP
290 NAP
292 NAP
294 NAP
296 NAP
297 NAP
298 NAP
299 NAP
300 NAP
302 NAP
303 NAP
304 NAP
305 NAP
308 NAP
NAP
309 NAP
310 NAP
311 NAP
312 NAP
313 NAP
314 NAP
315 NAP
316 NAP
317 NAP
318 NAP
Mortgage Loan No. Street Address City State
----------------- ------------------------------------------------------------------------------ ----------------- -----
1 1310 - 0000 Xxxxx Xxxx Xxxxxxxxx XX
0 Xxxxxx Xxx., Xxxxxxx Xxx., Xxxxxxxx Ave., and Xxxxxxx St. Hayward CA
0 000-000, 1035, 1135 and 0000 Xxxxx Xxxxxx Xxxxx Xxxxx XX
4 00000 Xxxxxxx Xxxx Xxxxxxx XX
5 41460-84, 41444-58, 41638-98, 00000-00 Xxxxxxx Xxxxxx Xxxxxxx XX
6 0000-0000 Xxxxxxxx Xxxxxxxxxx Xxx Xxxx XX
0 Xxxxxxx Xxxxx and Xxxxx Landing Road Milpitas CA
8 0000 Xxx Xxxxxx Xxxxx, 0000-0000 Xxxxxxxxxx Ave., 0000-0000 Xxx Xxxxxx Xxxxx, Xxxxxxx XX
0000-0000 Bay Center Place
9 San Louis Obispo Ave., Xxxxxxx Xx., Medallion Dr., and Huntwood Ave. Hayward CA
10 0000-0000 Xxxxxxxxx Xxxxx Xxxxxxx XX
11 721-741 Charcot Avenue, 2023-2035 X'Xxxxx Ave., 0000-0000 Xxxxxxx Xxxxx, Xxx Xxxx XX
0000-0000 Xxxxxxx Xxxxx
00 00000-00000 Xxxxx Xxxxxxxxx Hayward CA
13 0000 Xxx Xxxxxx Xxxxx, 25531-25565 Xxxxxxxxx Street Hayward CA
14 0000-0000 Xxxxxxx Xxxxx and 00000-00000 Xxxxxxx Xxxxxxxxx Xxxxxxx XX
15 0000 Xxxxxx Xxxxxxx Xxxxxx Xxx Xxxx XX
16 000 Xxxxxxxx Xxxxx Xxxxxxxx XX
17 00000 Xxxxxxxxxx Xxxxx Xxxxxxx XX
18 1021 & 0000 Xxxxxxxx Xxxxx Xxxxxxxx XX
19 26235-26269 Research Place Hayward CA
20 0000-0000 Xxxxxxxxx Xxxxx Xxx Xxxxxxx XX
21 0000 Xxx Xxxxxx Xxxxx Xxxxxxx XX
22 1161-1181 Cadillac Court Milpitas CA
23 26250-26260 Eden Landing Ave.,3556-3566 Investment Road, 0000-0000 Xxxxx Xxxx, Xxxxxxx XX
0000-0000 Arden Road, 3450-3550 Xxxxx Xxxx
00 0000-0000 Xxxxxxxx Xxxxx Xxxxxxxx XX
30 000 Xxxxxxxx Xxxxxx Xxxxxx XX
32 00000 XX 00xx Xxxxxx Xxxxxxxx XX
35 0000 Xxxxxxxx Xxxxxx XX
38 0000 Xxxx Xxxx Xxxxxx Xxxxxxxx XX
40 10333 - 00000 Xxxxxxxx Xxxxxx Xxxxxx XX
41 X00 X00000/X00000 Xxxxxxxxx Xxxxx Xxxxxxxx XX
49 0000 Xxxxxxxxxxx Xxxxxx Xxxxxxx Xxxx XX
52 000 Xxxx Xxxx Xxxxxx Xxxxxxxx XX
53 0000 Xxxx Xxxxxx Xxxxxxxxx Xxxxxxxxx XX
54 0000 Xxxxxxxxxx Xxx Xxxxxxxxxx Xxxxx XX
55 0000 Xxxxx Xxxxxx Xxxxxx Xxxxxxxxx XX
56 000-000 Xxxx Xxxxx Xxxxxx Xxxxxxxx XX
57 000 Xxxxx Xxxxxxx Xxxxxx Xxxxxxx XX
61 0000 Xxxx Xxxxx Xxxxx Xxxxxxx Xxx Xxxxxx XX
63 0000 Xxxxxx Xxxxxx Xxxx Xxxxxxx XX
64 0000 Xxxx Xxxx Xxxxx Xxxxxxxxxxxx XX
65 0000 Xxxxx Xxxxxxx Xxxxx Xxxxx Xxxx Xxxxx XX
66 00000 Xxxxxxxxx Xxxxxx Xxxxxxxxx XX
68 00000 Xxxxxxxxx Xxxxx Xxxxxxxxxx XX
69 000 Xxxx Xxxxxx Xxxxxxxxx XX
76 000 Xxxx Xxxxx Xxxx Xxxxxxx XX
77 0000 Xxxxxx Xxxx Xxxxx Xxxx XX
78 0000 Xxxxxxxxxx Xxxxxxx Xxxxxxx XX
79 000 Xxxxxxxxxx Xxxxx Xxx Xxxxx XX
81 000 Xxxx Xxxxx Xxxx Xxxxxx XX
84 0000 Xxxxxxxxxx Xxxxxxx Xxxxxxx Xxxxx XX
85 0000 Xxxxxx Xxxxxx Xxxxxxx Xxxxx XX
86 0000 Xxxxxxx Xxxxxxxxx Xxxxxxx Xxxxx XX
87 0000-0000 00xx Xxxxxx Darien IL
89 600 - 000 Xxxxx Xxxxx Xxxxxx Xxxxx Xxx XX
93 0000 Xxxxxxxxx Xxx. Xxx Xxxxx XX
94 0000-0000 0xx Xxx. Xxx Xxxxx XX
95 0000 Xxxxxxxx Xx. Xxx Xxxxx XX
96 000 Xxxxx Xx. Xxx Xxxxx XX
97 0000-00 Xxxxxx Xxx. Xxx Xxxxx XX
98 0000-00 X. Xxxxx Xxxx Xxxx. Xxx Xxxxx XX
99 3927 - 00 0xx Xxx. Xxx Xxxxx XX
102 18718-18744 Amar Road Walnut CA
104 00000 Xxxxx Xxxxxxx Xxxxx Xxxxxxxxxx XX
105 0000 Xxxx Xxxxxxx Xxxxxxxx XX
106 000 Xxxxxxxxx Xxxxx Xxxxxxxx XX
107 000 Xxxxx Xxxx Xxxxxxxxx XX
108 000 Xxxxxxxxxxx Xxxxx Xxxxx XX
110 0000 Xxxxxxxx Xxxxxx Xxxxxxxx XX
111 000 X Xxxxxxxx Xxxxxx Xxxxxxxxxx IN
113 000 Xxxxx Xxxxxx Xxxx Xxxx XX
114 0000 Xxxxxxx Xxxx Xxxx Xxxxxxx XX
116 00000 Xxxxxx Xxx Xxxxx Xxxxxx Xxx XX
120 00000-00000 Xxxx Xxxx Xxxxxx Xxxxxxxx XX
121 0000 Xxxxxxx Xxxxxxxx Xxxxx Xxxxxxxx XX
126 000 Xxxxx Xxxx Xxxxxx Xxxxxxxx XX
127 0000 Xxxxxx Xxxxxx Xxxxxxxxxx XX
129 00-00 Xxxxxxxx Xxxx Xxxxxx XX
134 0000 Xxx Xxxxxx Xxxxx Xxxxxxxx XX
135 00 Xxxxxx Xxxxx Xxxxx Xxxxxxxxxx XX
137 000-000 Xxxx Xxxxxxxxxx Xxxx Xxxxxxx XX
139 0000 Xxxxx Xxxxx Xxxxxxxxx Xxxxx Xxxxxx Xxxx XX
140 000 Xxxxxxxxx Xxxxxxxxx Xxxxxxx XX
143 0000 Xxxx Xxxx and 0000-00 Xxxxxxxxx Xxxx Xxxxxxx Xxxxxxx XX
145 00000 Xxxxxx Xxxx Xxxxx Xxxxxxx XX
146 0000 Xxxxxx Xxxxxx Xxxxxxx XX
148 00000-00000 Xxxx Xxxxxx Xxxxxxx XX
149 000 X. Xxxxxx Xxxx Xxxxxxx XX
150 000 Xxxxxx Xxxxx Xxxxxx Xxxxxxxx XX
151 0000 Xxxxx Xxxxxx Xxxxx Xxxxxxx XX
153 0000 Xxxxx Xxxxxxx Xxxxxx Xxxxxxx XX
158 0000 Xxxxx 0xx Xxxxxx Xxxxxx XX
160 0000 Xxxxxxxxxxx Xxxxx Xxxxxxxx XX
161 0000 Xxxx Xxxxxxx Xxxx Xxxxx XX
162 000 Xxxx Xxxxxx Xxxxxxxxx Xxxxxxxxx XX
165 000-000 Xxx Xxxx Xxxxxx Xxxxxxx XX
171 000 Xxxxxxx 000 X Xxxxxxxxxx XX
176 0000 Xxxxxx Xxxx Xxxxxxx Xxxx XX
179 3213 & 3405 Xxxx Xxxxxx Drive. Norman OK
180 1900 Veteran's Boulevard (Hwy 142) Ardmore OK
181 0000 Xxxx Xxxxx Xxxxxx Xxxxxxxx XX
184 4911, 5019, 0000 Xxxxx Xxxxxxxxx Xxxxx, 000 Xxxx Xxxx Xxxxxx Xxxxxx XX
188 0000 Xxxxxxxx Xxxxxxxxx Xxxxxx Xxxx XX
190 0000 Xxxxxxxxx Xxxx Xxxxxxxx Xxxxx XX
195 0000 Xxxxxxx Xxxx Xxxxxxxx Xxxxxxxx XX
196 00-00 Xxxxxxxxx Xxxxx Xxxxxxxxxx XX
200 000 Xxxx Xxxxx Xxxxxxx Xxxxxx Xxxxx Xxxxxxx XX
201 0000 Xxxxxxx Xxxxxx Xxxxxx Xxxxx XX
204 10231, 10241, 10251, & 00000 Xxxxx Xxxxxxx Xx. Xxxxxx XX
205 000 Xxxx 00xx Xxxxxx Xxxxx Xxxxx XX
208 0000 Xxxxx Xxxxxxxxxx 00 Xxxxxxxxxxx XX
000 Xxxxx 000 & 140 (Xxxxxxx Xx./Xxxxxx Dr.) Belmont NH
211 000 Xxxxx 0 Xxxxxxxxxx XX
212 00 Xxxxxx Xxxxxx Gonic NH
213 115 Kearsarge Mountain Rd. Warner NH
215 1919, 1923, 1927, 0000 Xxxxxx Xxxxxx Xx Xxxxxx XX
219 0000 Xxxx Xxxxxx Xxxx Xxxxxxx XX
222 0000 Xxxxxx Xxxx Xxxxx Xxxxxx Xxxx XX
223 0000 Xxxxxxx 000 Xxxxxxxx XX
224 0000 Xxxxxxx Xxxxxx Xxxxx Xxxxxx Xxxx XX
226 0000 Xxxxxxxx Xxxx Xxxxxxxx XX
227 000-000 Xxxxx Xxxxxx Xxxxxxx XX
229 0000 Xxxxxxx Xxxx Xxxxxxxxxx XX
230 0000 Xxxxxxx Xxxxxxx Xxxxxxxxxx XX
231 0000 XX Xxx 000 Xxxxx XX
232 000 Xxxxxxx Xx Xxxxxxxxx XX
233 0000 Xxxxx Xxxxxxxxx Xxxxxxxxx Xxxxxxxxx XX
234 000 Xxxxx Xxxxxxx Xxxxx Xxxxxxxxx XX
235 0000 Xxxxxxxxx Xxxx Xxxxxxx XX
236 0000 Xxxxxx Xxxx Xxxxxxxx XX
237 000 X Xxxxxxx Xxxxxxxx Xxxxxx XX
238 000 Xxx Xxxxxxx Xxxx Xxxxxxxx XX
239 0000 Xxxxxxx Xxxx XX Xxxx Xxxxx XX
240 0000 Xxxxxxxxxxxx Xxxxxx Xxxxxxxxxxx XX
242 000 Xxxxxx Xxxx Xxxxxxxxx XX
243 0000 Xxxx Xxx Xxxxx Xxxxxx Xxxxxxx XX
245 0000 Xxxx Xxxxxxxx Xxxxxx Xxxxxxxxx XX
246 0000 XX 00xx Xx. Xxxxxxxx Xxxx XX
248 000 Xxxx 00xx Xxxxxx Xxxxx Xxxx XX
249 0000 Xxxxxxx Xxxx Xxx Xxxxx XX
251 000 Xxxxxxxx Xxxxx Xxxxxx XX
252 000 Xxxxxx Xxxxxxxx Xxxx Xxxxx XX
253 0000 Xxxxx Xxxxxx Xxxxxxxxxx XX
254 0000 Xxxxxx Xxxx Xxxxx Xxxxx XX
255 00000 Xxxxx Xxxx Xxxx Xxxxxxxxx XX
256 0000 Xxxxx Xxxxx Xxxx Xxxxxx Xxxx XX
257 16300 - 00000 Xxxx Xxxxxxxx Xxxxx Xxx Xxxxxx XX
258 0000 Xxxxx Xxxxxx Xxxxxxxxx Xxxxxx XX
260 0000 Xxx Xxxxxxxxxxx Xxx Xxxxxxxx Xxxx XX
261 000 Xxxx Xxxxxx Xxxxxx Xxxxxxx XX
262 000 Xxxx Xxxxx Xxxxx Xxx Xxxxxx XX
263 00 XxxXxxxxx Xxxxxx, XX Xxxxxxxxxx XX
264 000 Xxxxx Xxxxxx Xxxxxxxxx XX
265 00-00-00 Xxxxxxx Xxxxxxxxx Xxxxxxxxxx XX
270 0000 Xxxxxx Xxxxxxx Xxxxxx XX
271 00000 XX-00 X Xxxxxx XX
274 0000-0000 Xxxx Xxxx. Xxx Xxxxx XX
275 0000-0000 Xxxx Xxxx. Xxx Xxxxx XX
276 00000 Xxxxxxxx Xxxxxxx Xxxxxxxx XX
277 0000 Xxxxxxx Xxxxx Xxxx Xxxxx Xxxxxxx (Xxxxxxx) TN
278 00000 Xxxxxx Xxxx Xxxxxxx Xxxxxxx XX
280 000 Xxxxxxxx Xxxxx Xxxxxx XX
281 0000 Xxxx Xxxx Xxxxxxxxx Xxxx Xxxxxxx XX
282 0000 Xxxxx Xxxxxx Xxxxxx Xxx Xxxxxxxxx XX
283 000 X.Xxxx Xxxxxx Xxxxxxx XX
284 0000 Xxxxx Xxxxxxxxx Xxxx Xxxx XX
285 000 Xxx Xxxx Xxxxx Xxxx Xxxxx XX
288 000 Xxxx Xxxxxx Xxxxxxxxxx XX
289 1720, 1750, 0000 Xxx Xxxxxxxxxxx Xxxx Xxxxxxxx XX
290 2330 NW. Campus Drive Estacada OR
292 2944-2974 Grand Island Blvd. & 0000-0000 Xxxxxxxx Xxx Xxxxx Xxxxxx XX
294 0000 Xxxxxxxxxx Xxxxxx Xxxxxxxxx XX
296 0000 Xxxxxxx Xxxxxxxxx Xxxxx XX
297 00 Xxxxxxxx Xxxxxxx X Xxxxxxxxxx XX
298 3101 & 0000 Xxxxxxxx Xxxxxx Xxxx Xxxxxxxxxx XX
299 000 Xxxxx Xxxxxxxxxxxx-Xxx Xxxxxx Xxxx Xxxxxxxx XX
300 00000 0xx Xxxxxx Xxxxxxxxxxx XX
302 0000 Xxx Xxxxx Xxxxxxxxx Xxxxxxxxx XX
303 000 Xxxxx Xxxx Xxxxxx Xxxxxxxxxx XX
304 0000 Xxxxxxxx Xxxxx Xxxxx XX
305 0000 Xxxxxxxxx Xxxx Xxxxx Xxxxxxx XX
308 0000 Xxxxx Xxxxxxx Xxxx Xxxxx Xxxx XX
309 0000 X Xxxxxxxx Xxxxxx Xxxxxxx XX
310 0000 Xxx Xxxxxxxxxxxx Xxxx Xxxxxxxxxxx XX
311 0000-0000 X. Xxxx Xxxxxx Xxxxxxxx XX
312 0000 Xxxx Xxxx Xxxxxx Xxxxxx Xxxx XX
313 00000-00000 Xxxxxxxxx Xxxxx Xxx Xxxxxxx XX
314 000 Xxxxxxxxxx Xx Xxxxxxxxx XX
315 0000 Xxxx Xxxxx Xxxxxx Xxxxx XX
316 000 Xxxxx Xxxxxx Xxxx Xxxxxxxx XX
317 0000 Xxxxxxxx Xxxxx Xxxxxxxxx Xxxxxxxx Xxxxx XX
318 0000 XX Xxxxxx XXX Xxxxxxxxxx XX
Mortgage Loan No. Zip Code Property Type Property Sub-Type Units/SF(5)
----------------- -------- ------------------------------ ------------------------------ -----------
1 94086 Industrial Flex Industrial 287,300
2 94544 Industrial Flex Industrial 630,944
3 95050 Industrial Flex Industrial 320,505
4 94544 Industrial Flex Industrial 459,833
5 94538 Industrial Flex Industrial 333,983
6 95131 Industrial Flex Industrial 315,600
7 95035 Industrial Flex Industrial 202,762
8 94544 Industrial Flex Industrial 128,700
9 94544 Industrial Flex Industrial 176,056
10 94621 Industrial Flex Industrial 199,733
11 95131 Industrial Flex Industrial 164,089
12 94545 Industrial Flex Industrial 248,860
13 94544 Industrial Flex Industrial 116,941
14 94538 Industrial Flex Industrial 103,920
15 95125 Industrial Flex Industrial 212,840
16 95035 Industrial Flex Industrial 120,600
17 94538 Industrial Flex Industrial 198,676
18 95035 Industrial Flex Industrial 100,497
19 94545 Industrial Flex Industrial 82,796
20 94577 Industrial Flex Industrial 113,196
21 94545 Industrial Flex Industrial 69,438
22 95035 Industrial Flex Industrial 44,517
23 94545 Industrial Flex Industrial 148,665
24 95035 Industrial Flex Industrial 36,120
30 07102 Office Urban 327,135
32 33180 Office Suburban 217,056
35 80202 Office Urban 394,153
38 60025 Office Suburban 256,700
40 46290 Office Suburban 305,122
41 53188 Office Suburban 178,900
49 15101 Multifamily Garden 352
52 98371 Office Suburban 35,258
53 98312 Office Suburban 30,320
54 98466 Office Medical 28,502
55 99336 Office Suburban 23,067
56 98520 Office Suburban 23,559
57 98134 Office Suburban 14,960
61 78666 Multifamily Student Housing 240
63 80526 Multifamily Garden 208
64 43147 Retail Anchored 105,511
65 33903 Manufactured Housing Community Manufactured Housing Community 616
66 20176 Office Medical 66,875
68 45249 Office Suburban 176,896
69 10019 Mixed Use Office/Industrial 259,191
76 77521 Multifamily Garden 392
77 95403 Industrial Flex Industrial 143,750
78 38016 Retail Unanchored 61,333
79 48108 Office Suburban 85,833
81 12205 Multifamily Garden 185
84 76302 Multifamily Garden 114
85 76308 Multifamily Garden 120
86 76308 Multifamily Garden 63
87 60561 Retail Shadow Anchored 32,136
89 92705 Office Suburban 101,101
93 92103 Multifamily Garden 22
94 92103 Multifamily Garden 21
95 92109 Multifamily Garden 6
96 92109 Multifamily Garden 5
97 92109 Multifamily Garden 6
98 92107 Multifamily Garden 13
99 92103 Multifamily Garden 8
102 91789 Retail Shadow Anchored 39,701
104 40241 Multifamily Garden 236
105 77586 Multifamily Garden 198
106 43213 Multifamily Garden 192
107 44905 Multifamily Garden 165
108 77531 Multifamily Garden 256
110 04102 Office Medical 31,298
111 47710 Office Medical 28,882
113 84060 Mixed Use Office/Retail 41,902
114 60614 Multifamily High-Rise 99
116 77058 Multifamily Garden 162
120 48187 Retail Shadow Anchored 59,260
121 31406 Office Suburban 57,523
126 91101 Retail Unanchored 84,063
127 28405 Hospitality Limited Service 124
129 02134 Multifamily Mid-Rise 29
134 46563 Industrial Warehouse 300,500
135 29607 Office Suburban 76,800
137 33458 Retail Anchored 27,523
139 72116 Multifamily Garden 108
140 39110 Retail Shadow Anchored 41,083
143 60008 Retail Shadow Anchored 33,941
145 27614 Office Suburban 40,766
146 23513 Office Suburban 70,388
148 90680 Industrial Warehouse 114,104
149 93901 Self Storage Self Storage 94,415
150 27012 Multifamily Garden 152
151 93110 Self Storage Self Storage 69,035
153 60610 Self Storage Self Storage 55,766
158 85719 Multifamily Student Housing 88
160 28054 Multifamily Garden 176
161 83651 Other Leased Fee 150,000
162 94533 Multifamily Garden 100
165 96793 Mixed Use Office/Retail 29,993
171 76082 Retail Anchored 62,718
176 43008 Manufactured Housing Community Manufactured Housing Community 262
179 73072 Self Storage Self Storage 95,705
180 73401 Self Storage Self Storage 38,575
181 43119 Retail Shadow Anchored 28,538
184 61614 Office Medical 34,996
188 32065 Self Storage Self Storage 86,950
190 23462 Office Suburban 45,755
195 45230 Multifamily Garden 91
196 04901 Multifamily Garden 132
200 93101 Office Suburban 18,062
201 97116 Retail Unanchored 35,322
204 33912 Office Suburban 57,696
205 57108 Office Suburban 26,232
208 78520 Hospitality Limited Service 74
210 03825 Multifamily Garden 32
211 03825 Multifamily Garden 33
212 03837 Multifamily Garden 18
213 03278 Multifamily Garden 12
215 54601 Multifamily Garden 105
219 60613 Self Storage Self Storage 56,676
222 72116 Retail Unanchored 30,400
223 72120 Retail Unanchored 23,450
224 72116 Retail Unanchored 12,000
226 31404 Multifamily Garden 136
227 93463 Retail Unanchored 21,960
229 43040 Retail Shadow Anchored 15,576
230 29488 Hospitality Limited Service 78
231 34476 Retail Unanchored 78,785
232 70448 Self Storage Self Storage 41,138
233 21801 Retail Unanchored 22,675
234 53212 Office Urban 43,433
235 39211 Multifamily Garden 97
236 31909 Retail Unanchored 53,799
237 55811 Retail Free Standing 30,750
238 29229 Office Suburban 55,810
239 33912 Self Storage Self Storage 45,447
240 48876 Manufactured Housing Community Manufactured Housing Community 280
242 30188 Multifamily Garden 60
243 85009 Retail Unanchored 23,798
245 97113 Self Storage Self Storage 45,725
246 73139 Multifamily Garden 112
248 27344 Multifamily Garden 72
249 89117 Office Suburban 15,645
251 36203 Office Suburban 23,197
252 31201 Industrial Warehouse 44,771
253 43701 Retail Free Standing 10,195
254 33625 Retail Shadow Anchored 12,000
255 46074 Retail Free Standing 14,820
256 49456 Mixed Use Warehouse/Office 93,792
257 53151 Industrial Flex Industrial 69,200
258 31322 Office Suburban 19,970
260 94043 Retail Unanchored 8,310
261 14048 Retail Free Standing 10,125
262 38652 Retail Shadow Anchored 45,400
263 25303 Office Urban 49,469
264 16335 Retail Free Standing 10,125
265 26505 Multifamily Garden 42
270 77379 Retail Unanchored 13,145
271 78006 Self Storage Self Storage 34,100
274 92103 Multifamily Garden 19
275 92103 Multifamily Garden 10
276 98387 Self Storage Self Storage 52,483
277 38018 Retail Shadow Anchored 19,435
278 44146 Office Suburban 23,892
280 75751 Retail Unanchored 20,240
281 76549 Self Storage Self Storage 44,100
282 78130 Self Storage Self Storage 63,555
283 06470 Self Storage Self Storage 35,420
284 85212 Retail Unanchored 8,400
285 33905 Manufactured Housing Community Manufactured Housing Community 104
288 25302 Self Storage Self Storage 53,915
289 30338 Office Suburban 20,924
290 97023 Self Storage Self Storage 48,947
292 14072 Multifamily Garden 62
294 53562 Multifamily Garden 42
296 77802 Retail Shadow Anchored 10,141
297 38344 Retail Shadow Anchored 16,290
298 23321 Office Suburban 20,041
299 43213 Retail Unanchored 10,000
300 92392 Retail Anchored 5,939
302 92503 Self Storage Self Storage 59,294
303 30401 Retail Shadow Anchored 41,402
304 68008 Manufactured Housing Community Manufactured Housing Community 116
305 38018 Retail Unanchored 11,057
308 85210 Retail Unanchored 4,549
309 38305 Self Storage Self Storage 20,975
310 37040 Self Storage Self Storage 17,150
311 43560 Multifamily Garden 38
312 77573 Retail Unanchored 7,966
313 78247 Retail Unanchored 24,380
314 29072 Self Storage Self Storage 36,162
315 76667 Retail Shadow Anchored 10,080
316 43085 Manufactured Housing Community Manufactured Housing Community 77
317 23452 Retail Unanchored 5,150
318 97754 Self Storage Self Storage 43,619
Mortgage Loan No. Year Built Year Renovated Percent Leased(6) Percent Leased as of Date(6) Security Type(7)
----------------- ------------------------ -------------- ----------------- ---------------------------- ----------------
1 1979 NAP 100.0% 11/06/2006 Fee
0 0000-0000 NAP 89.1% 11/06/2006 Fee
3 1996 NAP 100.0% 11/06/2006 Fee
4 1989/1994 NAP 100.0% 11/06/2006 Fee
0 0000-0000 NAP 71.2% 11/06/2006 Fee
6 1979 NAP 98.4% 11/06/2006 Fee
0 0000-0000 NAP 100.0% 11/06/2006 Fee
8 1983 NAP 75.5% 11/06/2006 Fee
9 1984 NAP 96.7% 11/06/2006 Fee
10 1977 NAP 100.0% 11/06/2006 Fee
11 1980 NAP 100.0% 11/06/2006 Fee
12 1978 NAP 100.0% 11/06/2006 Fee
13 1997 NAP 100.0% 11/06/2006 Fee
14 1991 NAP 100.0% 11/06/2006 Fee
15 1988 NAP 100.0% 11/06/2006 Fee
16 1992 NAP 100.0% 11/06/2006 Fee
17 1993 NAP 70.5% 11/06/2006 Fee
18 1993 NAP 100.0% 11/06/2006 Fee
19 1989 NAP 100.0% 11/06/2006 Fee
20 1977 NAP 69.1% 11/06/2006 Fee
21 1985 NAP 100.0% 11/06/2006 Fee
22 1991 NAP 100.0% 11/06/2006 Fee
23 1981 NAP 68.7% 11/06/2006 Fee
24 1996 NAP 100.0% 11/06/2006 Fee
30 1987 1992 97.9% 11/01/2006 Fee
32 2003 NAP 89.7% 11/01/2006 Fee
35 1954 2002/2005 92.1% 10/18/2006 Fee
38 1965 2000 100.0% 12/01/2006 Fee
40 1986/1987/1989 2002 93.2% 10/31/2006 Fee
41 2000/2003 NAP 100.0% 08/15/2006 Fee
00 0000-0000 NAP 86.9% 10/01/2006 Fee
52 1906 2005 77.6% 03/01/2006 Fee
53 1971 1990 100.0% 03/01/2006 Fee
54 1969 2002 100.0% 03/01/2006 Fee
55 1980 NAP 100.0% 03/01/2006 Fee
56 1980 1995 100.0% 03/01/2006 Fee
57 1948 2005 100.0% 03/01/2006 Fee
61 2005 NAP 92.7% 10/25/2006 Fee
63 2000 NAP 96.2% 05/25/2006 Fee
64 1986-2000/2006 NAP 100.0% 09/05/2006 Fee
65 1974 NAP 88.3% 07/01/2006 Fee
66 2000 NAP 99.5% 09/30/2006 Fee
68 1986 1998 89.4% 10/02/2006 Fee
69 1940 2001 85.8% 08/22/2006 Fee
76 1983 NAP 93.9% 08/01/2006 Fee
77 1979/1998 NAP 100.0% 11/27/2006 Fee
78 1989 NAP 97.2% 10/05/2006 Fee
79 1997 NAP 100.0% 08/31/2006 Fee
81 1995/1996 NAP 99.0% 09/01/2006 Fee
84 1967 NAP 94.7% 08/30/2006 Fee
85 1975 NAP 94.2% 09/07/2006 Fee
86 1971 NAP 87.3% 09/07/2006 Fee
87 2004 NAP 90.7% 09/05/2006 Fee
89 1989 NAP 95.1% 09/01/2006 Fee
93 1978 NAP 100.0% 10/13/2006 Fee
94 1912 2002/2006 100.0% 10/13/2006 Fee
95 1990 NAP 100.0% 09/01/2006 Fee
96 1991 NAP 100.0% 09/01/2006 Fee
97 1990 NAP 83.4% 09/01/2006 Fee
98 1959 NAP 100.0% 10/13/2006 Fee
99 1920 NAP 100.0% 10/13/2006 Fee
102 1984 NAP 100.0% 10/01/2006 Fee
104 1972 NAP 93.2% 08/01/2006 Fee
105 1968 NAP 95.5% 08/01/2006 Fee
106 1972 2004 96.9% 07/20/2006 Fee
000 0000-0000 NAP 92.1% 07/20/2006 Fee
108 1985 2003 97.7% 08/01/2006 Fee
110 1987 2005 100.0% 10/13/2006 Fee
111 1983 1991/2004 100.0% 10/12/2006 Fee
113 1995 NAP 86.0% 08/15/2006 Fee
114 1920 0000-0000 000.0% 10/17/2006 Fee
116 1968 NAP 97.5% 08/01/2006 Fee
120 1986 NAP 100.0% 10/01/2006 Fee
000 0000-0000 NAP 96.1% 09/01/2006 Fee
126 1930's 1983 100.0% 10/24/2006 Fee
127 1990 NAP 61.9% 06/30/2006 Fee
129 1910 2002 100.0% 10/03/2006 Fee
134 2000 2003 100.0% 12/01/2006 Fee
135 1996 NAP 100.0% 05/01/2006 Fee
137 2006 NAP 80.8% 04/14/2006 Fee
139 1968 NAP 96.3% 08/31/2006 Fee
140 2005 NAP 100.0% 11/01/2006 Fee
143 1999 NAP 96.2% 08/01/2006 Fee
145 2004 NAP 84.2% 08/23/2006 Fee
146 1988 NAP 100.0% 09/06/2006 Fee
148 1960 1987 97.1% 10/11/2006 Fee
149 2000 NAP 89.2% 08/23/2006 Fee
150 1972 NAP 97.4% 10/16/2006 Fee
151 1989 NAP 97.5% 09/05/2006 Leasehold
153 1920 1984 79.6% 09/19/2006 Fee
158 1972 2005 100.0% 10/05/2006 Fee
160 1986 NAP 96.0% 10/16/2006 Fee
161 2003 NAP 100.0% 12/01/2006 Fee
162 1975 2002 94.0% 07/01/2006 Fee
165 1993 NAP 95.0% 08/31/2006 Fee
171 1996 NAP 100.0% 10/13/2006 Fee
176 1975 1990 98.9% 07/24/2006 Fee
179 1940/1994 NAP 80.0% 09/21/2006 Fee
180 1992 NAP 93.9% 09/21/2006 Fee
181 1995 NAP 81.8% 07/13/2006 Fee
184 1984/1985/1991 NAP 94.6% 10/01/2006 Fee
188 1998 NAP 91.0% 10/10/2006 Fee
190 1989 NAP 100.0% 09/06/2006 Leasehold
195 1970 NAP 96.0% 08/23/2006 Fee
196 1972 NAP 100.0% 08/31/2006 Fee
200 1988 NAP 100.0% 10/04/2006 Fee
201 1966 NAP 88.2% 10/28/2006 Fee
000 0000-0000 NAP 84.3% 09/07/2006 Fee
205 2006 NAP 100.0% 09/19/2006 Fee
208 2001 NAP 87.5% 10/31/2006 Fee
210 1983 NAP 96.9% 08/31/2006 Fee
211 1970 NAP 100.0% 08/31/2006 Fee
212 1980 NAP 94.5% 08/31/2006 Fee
213 1970 NAP 100.0% 08/31/2006 Fee
215 1991 NAP 95.2% 08/02/2006 Fee
219 1924 1984 94.6% 09/19/2006 Fee
222 1986 NAP 100.0% 08/31/2006 Fee
223 1986 NAP 90.5% 08/28/2006 Fee
224 1976 2005 100.0% 08/31/2006 Fee
226 1947 1981/1996/2004 97.8% 08/15/2006 Fee
227 1960 1975/1984/1990 93.9% 09/01/2006 Fee
229 2006 NAP 100.0% 10/18/2006 Fee
230 1996 NAP 83.8% 06/30/2006 Fee
231 1986/1987/1999 NAP 97.6% 04/27/2006 Fee
232 1998 NAP 100.0% 07/17/2006 Fee
233 1994/2005 NAP 100.0% 11/09/2006 Fee
234 1960 2004 94.2% 09/01/2006 Fee
235 1972 NAP 94.8% 08/11/2006 Fee
236 1964/1970 2005 93.2% 06/20/2006 Fee
237 1993 2006 100.0% 09/30/2006 Fee
238 2005 NAP 100.0% 09/01/2006 Fee
239 1976/1977/1978/1987/1990 NAP 88.9% 08/02/2006 Fee
240 1985 1992/1996 64.6% 10/06/2006 Fee
242 1986 2006 96.7% 08/25/2006 Fee
243 2005 NAP 100.0% 07/12/2006 Fee
245 1988 NAP 95.0% 10/03/2006 Fee
246 1972 NAP 92.0% 07/08/2006 Fee
248 1978 NAP 98.6% 10/24/2006 Fee
249 2003 NAP 100.0% 09/14/2006 Fee
251 1950/1997/2005 NAP 100.0% 09/21/2006 Fee
252 2006 NAP 100.0% 10/23/2006 Fee
253 1999 NAP 100.0% 12/01/2006 Fee
254 2004 NAP 100.0% 09/28/2006 Fee
255 2006 NAP 100.0% 05/01/2006 Fee
256 1974 1988 100.0% 12/01/2006 Fee
257 1978 NAP 100.0% 10/12/2006 Fee
258 2003/2004 NAP 100.0% 12/01/2006 Fee
260 1988 NAP 100.0% 10/19/2006 Fee
261 1999 NAP 100.0% 12/01/2006 Fee
262 1995 NAP 100.0% 09/27/2006 Fee
263 1963 1993/2002 100.0% 08/24/2006 Fee
264 1999 NAP 100.0% 12/01/2006 Fee
265 2004/2006 NAP 100.0% 09/01/2006 Fee
270 2005 NAP 100.0% 10/17/2006 Fee
271 2000 NAP 81.1% 08/30/2006 Fee
274 1960's NAP 100.0% 09/01/2006 Fee
275 1960's NAP 100.0% 09/01/2006 Fee
276 2002 NAP 98.5% 10/03/2006 Fee
277 2004 NAP 100.0% 08/21/2006 Fee
278 2000 NAP 90.4% 06/26/2006 Fee
280 2003/2004 NAP 88.1% 09/11/2006 Fee
281 2004 NAP 100.0% 09/21/2006 Fee
282 2004 NAP 66.8% 07/01/2006 Fee
283 2001 NAP 77.6% 09/06/2006 Fee
284 2005 NAP 100.0% 09/12/2006 Fee
285 1968 NAP 67.4% 09/12/2006 Fee
288 1999 NAP 89.5% 09/21/2006 Fee
289 1972 NAP 100.0% 08/16/2006 Fee
290 2001 NAP 96.7% 07/30/2006 Fee
292 1965/1972 NAP 95.2% 09/30/2006 Fee
294 1965 NAP 88.0% 01/18/2006 Fee
296 1996 NAP 100.0% 10/12/2006 Fee
297 2003 NAP 100.0% 06/26/2006 Fee
298 1983/1988 1998 98.3% 10/06/2006 Fee
299 2003 NAP 100.0% 12/01/2006 Fee
300 2005 NAP 100.0% 09/05/2006 Fee
302 1984 NAP 94.6% 08/28/2006 Fee
303 1988 2006 100.0% 08/23/2006 Fee
304 1973 NAP 99.1% 08/31/2006 Fee
305 2004 NAP 100.0% 09/01/2006 Fee
308 2005 NAP 100.0% 07/27/2006 Fee
309 1986 NAP 97.1% 08/23/2006 Fee
310 2004 NAP 88.2% 08/23/2006 Fee
311 1971 2004 94.7% 07/01/2006 Fee
312 2001 NAP 100.0% 09/18/2006 Fee
313 1987 1999 100.0% 09/15/2006 Fee
314 2000 NAP 91.4% 08/31/2006 Fee
315 2005 NAP 85.9% 09/11/2006 Fee
316 1954 NAP 98.7% 10/04/2006 Fee
317 1960 1999 100.0% 08/25/2006 Fee
318 2001 NAP 98.1% 10/03/2006 Fee
Mortgage Loan No. Lien Position Related Borrower List Cut-Off Date Balance per Unit or SF
----------------- ------------- ----------------------------------------- -----------------------------------
1 First $52
2 First $52
3 First $52
4 First $52
5 First $52
6 First $52
7 First $52
8 First $52
9 First $52
10 First $52
11 First $52
12 First $52
13 First $52
14 First $52
15 First $52
16 First $52
17 First $52
18 First $52
19 First $52
20 First $52
21 First $52
22 First $52
23 First $52
24 First $52
30 First $186
32 First 32, 68 $236
35 First $95
38 First $131
40 First $90
41 First $141
49 First $63,352
52 First $123
53 First $123
54 First $123
55 First $123
56 First $123
57 First $123
61 First $70,833
63 First $77,404
64 First $144
65 First $24,026
66 First $209
68 First 32, 68 $75
69 First $50
76 First 76, 104 $30,460
77 First $81
78 First $191
79 First $135
81 First $59,459
84 First 84, 85, 86, 246 $35,690
85 First 84, 85, 86, 246 $35,690
86 First 84, 85, 86, 246 $35,690
87 First $321
89 First $99
93 First 93, 94, 95, 96, 97, 98, 99, 271, 274, 275 $117,284
94 First 93, 94, 95, 96, 97, 98, 99, 271, 274, 275 $117,284
95 First 93, 94, 95, 96, 97, 98, 99, 271, 274, 275 $117,284
96 First 93, 94, 95, 96, 97, 98, 99, 271, 274, 275 $117,284
97 First 93, 94, 95, 96, 97, 98, 99, 271, 274, 275 $117,284
98 First 93, 94, 95, 96, 97, 98, 99, 271, 274, 275 $117,284
99 First 93, 94, 95, 96, 97, 98, 99, 271, 274, 275 $117,284
102 First $227
104 First 76, 104 $38,101
105 First 105, 108, 116 $45,380
106 First $25,143
107 First $25,143
108 First 105, 108, 116 $34,864
110 First 110, 111 $142
111 First 110, 111 $142
113 First $198
114 First $82,828
116 First 105, 108, 116 $47,576
120 First $128
121 First $130
126 First $86
127 First 127, 230 $56,414
129 First $237,733
134 First $22
135 First $87
137 First $237
139 First 139, 222, 223, 224 $60,185
140 First $158
143 First $189
145 First $153
146 First 146, 190 $88
148 First $53
149 First $64
150 First 150, 160 $38,684
151 First 151, 200 $85
153 First 153, 219 $104
158 First $63,636
160 First 150, 160 $31,676
161 First $37
162 First $55,000
165 First $177
171 First $80
176 First $18,304
179 First $34
180 First $34
181 First $158
184 First $128
188 First $50
190 First 146, 190 $94
195 First $46,154
196 First 196, 210, 211, 212, 213 $31,787
200 First 151, 200 $221
201 First $113
204 First $69
205 First $152
208 First $51,351
210 First 196, 210, 211, 212, 213 $39,960
211 First 196, 210, 211, 212, 213 $39,960
212 First 196, 210, 211, 212, 213 $39,960
213 First 196, 210, 211, 212, 213 $39,960
215 First $35,774
219 First 153, 219 $65
222 First 139, 222, 223, 224 $55
223 First 139, 222, 223, 224 $55
224 First 139, 222, 223, 224 $55
226 First $25,896
227 First $159
229 First $219
230 First 127, 230 $43,578
231 First $42
232 First $79
233 First $141
234 First $74
235 First $32,931
236 First $58
237 First $101
238 First $55
239 First $67
240 First $10,714
242 First $49,875
243 First $122
245 First 245, 276, 290, 318 $62
246 First 84, 85, 86, 246 $25,357
248 First $38,889
249 First $179
251 First $119
252 First $60
253 First 253, 261, 264 $260
254 First $218
255 First $176
256 First $28
257 First $37
258 First $128
260 First $301
261 First 253, 261, 264 $246
262 First $55
263 First 263, 288 $50
264 First 253, 261, 264 $241
265 First $58,066
270 First $181
271 First 93, 94, 95, 96, 97, 98, 99, 271, 274, 275 $69
274 First 93, 94, 95, 96, 97, 98, 99, 271, 274, 275 $79,655
275 First 93, 94, 95, 96, 97, 98, 99, 271, 274, 275 $79,655
276 First 245, 276, 290, 318 $44
277 First $114
278 First $91
280 First $104
281 First $47
282 First $33
283 First $57
284 First $238
285 First $19,212
288 First 263, 288 $35
289 First $91
290 First 245, 276, 290, 318 $39
292 First $29,355
294 First $40,714
296 First $162
297 First $96
298 First $77
299 First $153
300 First $253
302 First $25
303 First $36
304 First $12,918
305 First $133
308 First $299
309 First $34
310 First $34
311 First $32,863
312 First $155
313 First $50
314 First $31
315 First $112
316 First $13,299
317 First $196
318 First 245, 276, 290, 318 $22
Mortgage Loan No. Note Date(8) First Payment Date (P&I)(9) First Payment Date (IO)(9) Maturity Date Due Date Grace Period(10)
----------------- ------------ --------------------------- -------------------------- ------------- -------- ----------------
11/17/2006 NAP 01/01/2007 12/01/2016
1 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
2 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
3 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
4 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
5 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
6 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
7 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
8 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
9 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
10 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
11 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
12 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
13 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
14 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
15 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
16 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
17 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
18 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
19 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
20 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
21 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
22 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
23 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
24 11/17/2006 NAP 01/01/2007 12/01/2016 1 0
30 10/24/2006 12/01/2011 12/01/2006 11/01/2016 1 5
32 04/28/2006 06/01/2011 06/01/2006 05/01/2016 1 7
35 10/18/2006 NAP 12/01/2006 11/01/2016 1 5
38 05/09/2006 NAP 07/01/2006 06/01/2013 1 5
40 11/01/2006 12/01/2011 12/01/2006 11/01/2016 1 5
41 10/27/2006 12/01/2011 12/01/2006 11/01/2016 1 5
49 11/20/2006 01/01/2010 01/01/2007 12/01/2016 1 5
05/26/2006 07/01/2006 NAP 06/01/2016
52 05/26/2006 07/01/2006 NAP 06/01/2016 1 5
53 05/26/2006 07/01/2006 NAP 06/01/2016 1 5
54 05/26/2006 07/01/2006 NAP 06/01/2016 1 5
55 05/26/2006 07/01/2006 NAP 06/01/2016 1 5
56 05/26/2006 07/01/2006 NAP 06/01/2016 1 5
57 05/26/2006 07/01/2006 NAP 06/01/2016 1 5
61 08/31/2006 10/01/2009 10/01/2006 09/01/2016 1 5
63 09/01/2006 10/01/2009 10/01/2006 09/01/2016 1 5
64 11/21/2006 NAP 01/01/2007 12/01/2016 1 5
65 08/29/2006 10/01/2011 10/01/2006 09/01/2016 1 5
66 11/20/2006 01/01/2010 01/01/2007 12/01/2016 1 7
68 10/27/2006 12/01/2011 12/01/2006 11/01/2016 1 5
69 10/05/2006 12/01/2006 NAP 11/01/2016 1 5
76 09/28/2006 11/01/2006 NAP 10/01/2016 1 10
77 11/28/2006 01/01/2012 01/01/2007 12/01/2016 1 5
78 11/09/2006 01/01/2012 01/01/2007 12/01/2016 1 5
79 10/19/2006 12/01/2009 12/01/2006 11/01/2016 1 6
81 11/21/2006 01/01/2007 NAP 12/01/2016 1 5
09/28/2006 11/01/2011 11/01/2006 10/01/2016
84 09/28/2006 11/01/2011 11/01/2006 10/01/2016 1 10
85 09/28/2006 11/01/2011 11/01/2006 10/01/2016 1 10
86 09/28/2006 11/01/2011 11/01/2006 10/01/2016 1 10
87 09/29/2006 11/01/2006 NAP 10/01/2016 1 5
89 10/05/2006 12/01/2006 NAP 11/01/2013 1 5
11/28/2006 01/01/2010 01/01/2007 12/01/2016
93 11/28/2006 01/01/2010 01/01/2007 12/01/2016 1 5
94 11/28/2006 01/01/2010 01/01/2007 12/01/2016 1 5
95 11/28/2006 01/01/2010 01/01/2007 12/01/2016 1 5
96 11/28/2006 01/01/2010 01/01/2007 12/01/2016 1 5
97 11/28/2006 01/01/2010 01/01/2007 12/01/2016 1 5
98 11/28/2006 01/01/2010 01/01/2007 12/01/2016 1 5
99 11/28/2006 01/01/2010 01/01/2007 12/01/2016 1 5
102 11/14/2006 01/01/2012 01/01/2007 12/01/2016 1 5
104 10/26/2006 12/01/2006 NAP 11/01/2016 1 5
105 10/31/2006 11/01/2006 NAP 10/01/2016 1 10
08/16/2006 10/01/2006 NAP 09/01/2016
106 08/16/2006 10/01/2006 NAP 09/01/2016 1 5
107 08/16/2006 10/01/2006 NAP 09/01/2016 1 5
108 10/31/2006 11/01/2006 NAP 10/01/2016 1 10
110 11/07/2006 01/01/2009 01/01/2007 12/01/2016 1 5
111 11/07/2006 01/01/2009 01/01/2007 12/01/2016 1 5
113 09/22/2006 11/01/2011 11/01/2006 10/01/2016 1 5
114 11/01/2006 NAP 12/01/2006 11/01/2011 1 5
116 10/31/2006 11/01/2006 NAP 10/01/2016 1 10
120 10/26/2006 12/01/2006 NAP 11/01/2016 1 5
121 11/01/2006 12/01/2008 12/01/2006 11/01/2016 1 5
126 10/31/2006 12/01/2006 NAP 11/01/2016 1 5
127 08/10/2006 10/01/2006 NAP 09/01/2016 1 5
129 10/12/2006 12/01/2006 NAP 11/01/2011 1 5
134 08/10/2006 10/01/2006 NAP 09/01/2016 1 10
135 10/31/2006 12/01/2008 12/01/2006 11/01/2016 1 5
137 09/18/2006 11/01/2011 11/01/2006 10/01/2016 1 5
139 11/08/2006 01/01/2007 NAP 12/01/2011 1 5
140 11/16/2006 NAP 01/01/2007 12/01/2016 1 5
143 11/06/2006 01/01/2007 NAP 12/01/2016 1 5
145 08/29/2006 10/01/2011 10/01/2006 09/01/2016 1 15
146 11/17/2006 01/01/2010 01/01/2007 12/01/2016 1 7
148 10/24/2006 12/01/2006 NAP 11/01/2016 1 5
149 10/10/2006 12/01/2009 12/01/2006 11/01/2016 1 5
150 11/07/2006 NAP 01/01/2007 12/01/2011 1 5
151 11/02/2006 01/01/2012 01/01/2007 12/01/2016 1 5
153 10/19/2006 12/01/2006 NAP 11/01/2016 1 5
158 11/07/2006 01/01/2007 NAP 12/01/2011 1 5
160 11/07/2006 NAP 01/01/2007 12/01/2011 1 5
161 10/06/2006 NAP 12/01/2006 11/01/2016 1 5
162 07/14/2006 09/01/2009 09/01/2006 08/01/2016 1 5
165 10/30/2006 12/01/2011 12/01/2006 11/01/2016 1 5
171 10/18/2006 11/01/2008 12/01/2006 11/01/2016 1 10
176 10/10/2006 12/01/2006 NAP 11/01/2016 1 5
10/30/2006 12/01/2006 NAP 11/01/2016
179 10/30/2006 12/01/2006 NAP 11/01/2016 1 5
180 10/30/2006 12/01/2006 NAP 11/01/2016 1 5
181 11/09/2006 01/01/2012 01/01/2007 12/01/2016 1 5
184 11/07/2006 01/01/2007 NAP 12/01/2016 1 5
188 11/14/2006 01/01/2007 NAP 12/01/2016 1 5
190 11/17/2006 01/01/2010 01/01/2007 12/01/2016 1 7
195 09/01/2006 10/01/2009 10/01/2006 09/01/2016 1 5
196 10/30/2006 12/01/2006 NAP 11/01/2016 1 5
200 10/18/2006 12/01/2011 12/01/2006 11/01/2016 1 5
201 11/20/2006 01/01/2007 NAP 12/01/2016 1 5
204 10/13/2006 12/01/2006 NAP 11/01/2011 1 5
205 10/11/2006 12/01/2006 NAP 11/01/2016 1 5
208 11/10/2006 01/01/2007 NAP 12/01/2016 1 10
10/30/2006 12/01/2006 NAP 11/01/2016
210 10/30/2006 12/01/2006 NAP 11/01/2016 1 5
211 10/30/2006 12/01/2006 NAP 11/01/2016 1 5
212 10/30/2006 12/01/2006 NAP 11/01/2016 1 5
213 10/30/2006 12/01/2006 NAP 11/01/2016 1 5
215 10/20/2006 12/01/2006 NAP 11/01/2016 1 5
219 10/19/2006 12/01/2006 NAP 11/01/2016 1 5
11/08/2006 01/01/2007 NAP 12/01/2016
222 11/08/2006 01/01/2007 NAP 12/01/2016 1 5
223 11/08/2006 01/01/2007 NAP 12/01/2016 1 5
224 11/08/2006 01/01/2007 NAP 12/01/2016 1 5
226 10/19/2006 12/01/2006 NAP 11/01/2016 1 5
227 11/14/2006 01/01/2012 01/01/2007 12/01/2016 1 5
229 10/25/2006 12/01/2006 NAP 11/01/2016 1 5
230 08/10/2006 10/01/2006 NAP 09/01/2016 1 5
231 09/08/2006 11/01/2006 NAP 10/01/2016 1 5
232 10/03/2006 12/01/2006 NAP 11/01/2016 1 5
233 11/15/2006 01/01/2007 NAP 12/01/2016 1 5
234 09/19/2006 11/01/2006 NAP 10/01/2016 1 5
235 09/08/2006 11/01/2006 NAP 10/01/2016 1 5
236 10/24/2006 12/01/2006 NAP 11/01/2016 1 5
237 11/22/2006 01/01/2007 01/01/2016 12/01/2016 1 5
238 10/31/2006 12/01/2006 NAP 11/01/2016 1 5
239 09/28/2006 11/01/2006 NAP 10/01/2016 1 5
240 10/16/2006 NAP 12/01/2006 11/01/2016 1 5
242 08/30/2006 10/01/2006 NAP 09/01/2016 1 5
243 09/26/2006 11/01/2006 NAP 10/01/2016 1 5
245 10/30/2006 12/01/2006 NAP 11/01/2016 1 5
246 08/02/2006 10/01/2011 10/01/2006 09/01/2016 1 7
248 11/08/2006 01/01/2009 01/01/2007 12/01/2016 1 15
249 09/29/2006 11/01/2006 NAP 10/01/2016 1 5
251 11/10/2006 01/01/2007 NAP 12/01/2016 1 5
252 10/26/2006 12/01/2006 NAP 11/01/2016 1 5
253 11/16/2006 01/01/2007 NAP 12/01/2016 1 5
254 10/19/2006 12/01/2006 NAP 11/01/2016 1 5
255 09/27/2006 NAP 11/01/2006 10/01/2016 1 5
256 11/03/2006 01/01/2010 01/01/2007 12/01/2016 1 5
257 11/14/2006 01/01/2010 01/01/2007 12/01/2016 1 5
258 06/30/2006 08/01/2006 NAP 07/01/2016 1 5
260 10/25/2006 12/01/2009 12/01/2006 11/01/2016 1 5
261 11/16/2006 01/01/2007 NAP 12/01/2016 1 5
262 09/27/2006 11/01/2006 NAP 10/01/2016 1 5
263 10/30/2006 12/01/2006 NAP 11/01/2016 1 5
264 11/16/2006 01/01/2007 NAP 12/01/2016 1 5
265 09/22/2006 11/01/2006 NAP 10/01/2016 1 5
270 10/17/2006 12/01/2006 NAP 11/01/2016 1 10
271 10/16/2006 12/01/2008 12/01/2006 11/01/2016 1 10
11/28/2006 01/01/2010 01/01/2007 12/01/2016
274 11/28/2006 01/01/2010 01/01/2007 12/01/2016 1 5
275 11/28/2006 01/01/2010 01/01/2007 12/01/2016 1 5
276 10/31/2006 12/01/2006 NAP 11/01/2016 1 5
277 10/06/2006 12/01/2007 12/01/2006 11/01/2016 1 5
278 11/02/2006 01/01/2007 NAP 12/01/2016 1 5
280 10/12/2006 12/01/2006 NAP 11/01/2016 1 10
281 10/16/2006 12/01/2006 NAP 11/01/2016 1 10
282 07/21/2006 09/01/2006 NAP 08/01/2016 1 10
283 10/23/2006 12/01/2008 12/01/2006 11/01/2016 1 5
284 10/04/2006 12/01/2008 12/01/2006 11/01/2016 1 5
285 10/31/2006 12/01/2006 NAP 11/01/2016 1 5
288 10/30/2006 12/01/2006 NAP 11/01/2016 1 5
289 10/30/2006 12/01/2006 NAP 11/01/2016 1 5
290 10/31/2006 12/01/2006 NAP 11/01/2016 1 5
292 11/22/2006 01/01/2007 NAP 12/01/2016 1 5
294 03/13/2006 05/01/2008 05/01/2006 04/01/2016 1 5
296 11/01/2006 12/01/2006 NAP 11/01/2016 1 10
297 09/21/2006 11/01/2006 NAP 10/01/2016 1 5
298 10/25/2006 12/01/2006 NAP 11/01/2016 1 7
299 08/01/2006 09/01/2006 NAP 08/01/2016 1 5
300 11/14/2006 01/01/2010 01/01/2007 12/01/2016 1 5
302 10/24/2006 12/01/2006 NAP 11/01/2016 1 5
303 10/27/2006 12/01/2006 NAP 11/01/2016 1 5
304 10/30/2006 12/01/2006 NAP 11/01/2016 1 5
305 09/25/2006 11/01/2006 NAP 10/01/2016 1 5
308 10/16/2006 12/01/2006 NAP 11/01/2016 1 5
09/28/2006 11/01/2007 11/01/2006 10/01/2016
309 09/28/2006 11/01/2007 11/01/2006 10/01/2016 1 5
310 09/28/2006 11/01/2007 11/01/2006 10/01/2016 1 5
311 10/30/2006 12/01/2006 NAP 11/01/2016 1 5
312 09/18/2006 11/01/2006 NAP 10/01/2016 1 10
313 10/05/2006 12/01/2006 NAP 11/01/2016 1 10
314 10/06/2006 12/01/2006 NAP 11/01/2011 1 5
315 11/22/2006 01/01/2007 NAP 12/01/2016 1 10
316 10/31/2006 12/01/2006 NAP 11/01/2016 1 5
317 11/13/2006 01/01/2007 NAP 12/01/2016 1 7
318 11/08/2006 01/01/2007 NAP 12/01/2016 1 5
Mortgage Loan No. ARD Loan Lockbox Status Lockbox Type Original Term to Maturity Remaining Term to Maturity
----------------- -------- -------------- ------------ ------------------------- --------------------------
120 120
1 No In Place Hard 120 120
2 No In Place Hard 120 120
3 No In Place Hard 120 120
4 No In Place Hard 120 120
5 No In Place Hard 120 120
6 No In Place Hard 120 120
7 No In Place Hard 120 120
8 No In Place Hard 120 120
9 No In Place Hard 120 120
10 No In Place Hard 120 120
11 No In Place Hard 120 120
12 No In Place Hard 120 120
13 No In Place Hard 120 120
14 No In Place Hard 120 120
15 No In Place Hard 120 120
16 No In Place Hard 120 120
17 No In Place Hard 120 120
18 No In Place Hard 120 120
19 No In Place Hard 120 120
20 No In Place Hard 120 120
21 No In Place Hard 120 120
22 No In Place Hard 120 120
23 No In Place Hard 120 120
24 No In Place Hard 120 120
30 No In Place Hard 120 119
32 No In Place Hard 120 113
35 No In Place Hard 120 119
38 Yes Springing Hard 84 78
40 No In Place Hard 120 119
41 No In Place Hard 120 119
49 No None NAP 120 120
120 114
52 No In Place Hard 120 114
53 No In Place Hard 120 114
54 No In Place Hard 120 114
55 No In Place Hard 120 114
56 No In Place Hard 120 114
57 No In Place Hard 120 114
61 No None NAP 120 117
63 No None NAP 120 117
64 No None NAP 120 120
65 No None NAP 120 117
66 No None NAP 120 120
68 No None NAP 120 119
69 No None NAP 120 119
76 No None NAP 120 118
77 No Springing Soft 120 120
78 No None NAP 120 120
79 No None NAP 120 119
81 No None NAP 120 120
120 118
84 No None NAP 120 118
85 No None NAP 120 118
86 No None NAP 120 118
87 No None NAP 120 118
89 No None NAP 84 83
120 120
93 No None NAP 120 120
94 No None NAP 120 120
95 No None NAP 120 120
96 No None NAP 120 120
97 No None NAP 120 120
98 No None NAP 120 120
99 No None NAP 120 120
102 No None NAP 120 120
104 No None NAP 120 119
105 No None NAP 120 118
120 117
106 No None NAP 120 117
107 No None NAP 120 117
108 No None NAP 120 118
110 No None NAP 120 120
111 No None NAP 120 120
113 No None NAP 120 118
114 No None NAP 60 59
116 No None NAP 120 118
120 No None NAP 120 119
121 No None NAP 120 119
126 No None NAP 120 119
127 No None NAP 120 117
129 No None NAP 60 59
134 No None NAP 120 117
135 No None NAP 120 119
137 No None NAP 120 118
139 No None NAP 60 60
140 No None NAP 120 120
143 No None NAP 120 120
145 No None NAP 120 117
146 No Springing Hard 120 120
148 No None NAP 120 119
149 No None NAP 120 119
150 No None NAP 60 60
151 No None NAP 120 120
153 No None NAP 120 119
158 No None NAP 60 60
160 No None NAP 60 60
161 Yes Springing Hard 120 119
162 No None NAP 120 116
165 No None NAP 120 119
171 No None NAP 120 119
176 No None NAP 120 119
120 119
179 No None NAP 120 119
180 No None NAP 120 119
181 No None NAP 120 120
184 No None NAP 120 120
188 No None NAP 120 120
190 No None NAP 120 120
195 No None NAP 120 117
196 No None NAP 120 119
200 No None NAP 120 119
201 No None NAP 120 120
204 No None NAP 60 59
205 No None NAP 120 119
208 No None NAP 120 120
120 119
210 No None NAP 120 119
211 No None NAP 120 119
212 No None NAP 120 119
213 No None NAP 120 119
215 No None NAP 120 119
219 No None NAP 120 119
120 120
222 No None NAP 120 120
223 No None NAP 120 120
224 No None NAP 120 120
226 No None NAP 120 119
227 No None NAP 120 120
229 No None NAP 120 119
230 No None NAP 120 117
231 No None NAP 120 118
232 No None NAP 120 119
233 No None NAP 120 120
234 No None NAP 120 118
235 No None NAP 120 118
236 No None NAP 120 119
237 No None NAP 120 120
238 No None NAP 120 119
239 No None NAP 120 118
240 No None NAP 120 119
242 No None NAP 120 117
243 No None NAP 120 118
245 No None NAP 120 119
246 No None NAP 120 117
248 No None NAP 120 120
249 No None NAP 120 118
251 No None NAP 120 120
252 No None NAP 120 119
253 No None NAP 120 120
254 No None NAP 120 119
255 No None NAP 120 118
256 No None NAP 120 120
257 No None NAP 120 120
258 No None NAP 120 115
260 No None NAP 120 119
261 No None NAP 120 120
262 No None NAP 120 118
263 No None NAP 120 119
264 No None NAP 120 120
265 No None NAP 120 118
270 No None NAP 120 119
271 No None NAP 120 119
120 120
274 No None NAP 120 120
275 No None NAP 120 120
276 No None NAP 120 119
277 No None NAP 120 119
278 No None NAP 120 120
280 No None NAP 120 119
281 No None NAP 120 119
282 No None NAP 120 116
283 No None NAP 120 119
284 No None NAP 120 119
285 No None NAP 120 119
288 No None NAP 120 119
289 No None NAP 120 119
290 No None NAP 120 119
292 No None NAP 120 120
294 No None NAP 120 112
296 No None NAP 120 119
297 No None NAP 120 118
298 No None NAP 120 119
299 No In Place Hard 120 116
300 No None NAP 120 120
302 No None NAP 120 119
303 No None NAP 120 119
304 No None NAP 120 119
305 No None NAP 120 118
308 No Springing Hard 120 119
120 118
309 No None NAP 120 118
310 No None NAP 120 118
311 No None NAP 120 119
312 No None NAP 120 118
313 No None NAP 120 119
314 No None NAP 60 59
315 No None NAP 120 120
316 No None NAP 120 119
317 No None NAP 120 120
318 No None NAP 120 120
Mortgage Loan No. Original Amort. Term (11) Remaining Amort. Term Mortgage Rate Monthly Payment (P&I) Monthly Payment (IO)
----------------- ------------------------- --------------------- ------------- --------------------- --------------------
IO IO 5.452% NAP $1,151,503
1 IO IO 5.452% NAP $131,732
2 IO IO 5.452% NAP $125,744
3 IO IO 5.452% NAP $88,896
4 IO IO 5.452% NAP $87,975
5 IO IO 5.452% NAP $65,405
6 IO IO 5.452% NAP $65,405
7 IO IO 5.452% NAP $61,721
8 IO IO 5.452% NAP $56,654
9 IO IO 5.452% NAP $53,430
10 IO IO 5.452% NAP $49,745
11 IO IO 5.452% NAP $47,442
12 IO IO 5.452% NAP $42,836
13 IO IO 5.452% NAP $40,072
14 IO IO 5.452% NAP $33,624
15 IO IO 5.452% NAP $27,175
16 IO IO 5.452% NAP $26,254
17 IO IO 5.452% NAP $24,412
18 IO IO 5.452% NAP $23,951
19 IO IO 5.452% NAP $22,109
20 IO IO 5.452% NAP $20,727
21 IO IO 5.452% NAP $15,660
22 IO IO 5.452% NAP $14,739
23 IO IO 5.452% NAP $14,279
24 IO IO 5.452% NAP $11,515
30 360 360 5.960% $364,159 $307,175
32 360 360 5.610% $294,136 $242,590
35 IO IO 5.760% NAP $182,500
38 IO IO 5.660% NAP $158,834
40 360 360 6.230% $169,579 $145,280
41 360 360 5.740% $146,900 $122,214
49 360 360 5.650% $128,724 $106,454
360 354 6.236% $118,535 NAP
52 360 354 6.236% $33,151 NAP
53 360 354 6.236% $27,323 NAP
54 360 354 6.236% $20,720 NAP
55 360 354 6.236% $15,027 NAP
56 360 354 6.236% $12,751 NAP
57 360 354 6.236% $9,563 NAP
61 360 360 6.200% $104,120 $89,053
63 360 360 5.940% $95,907 $80,802
64 IO IO 5.810% NAP $74,615
65 360 360 6.143% $90,099 $76,816
66 360 360 5.720% $81,434 $67,660
68 360 360 6.163% $81,444 $69,516
69 360 359 6.330% $80,721 NAP
76 360 358 6.420% $74,967 NAP
77 360 360 5.780% $68,501 $57,138
78 360 360 5.800% $68,650 $57,335
79 360 360 5.792% $67,770 $56,571
81 240 240 5.650% $76,603 NAP
300 300 6.120% $69,076 $54,811
84 300 300 6.120% $31,280 $24,820
85 300 300 6.120% $28,152 $22,338
86 300 300 6.120% $9,644 $7,653
87 360 358 5.780% $60,597 NAP
89 420 419 6.210% $58,436 NAP
360 360 5.740% $55,379 $46,073
93 360 360 5.740% $11,512 $9,578
94 360 360 5.740% $10,908 $9,075
95 360 360 5.740% $8,424 $7,009
96 360 360 5.740% $7,954 $6,618
97 360 360 5.740% $6,444 $5,361
98 360 360 5.740% $5,806 $4,831
99 360 360 5.740% $4,330 $3,602
102 360 360 5.860% $53,152 $44,560
104 360 359 6.410% $56,354 NAP
105 360 358 6.450% $56,591 NAP
360 357 6.290% $55,649 NAP
106 360 357 6.290% $32,343 NAP
107 360 357 6.290% $23,306 NAP
108 360 358 6.460% $56,272 NAP
110 360 360 5.850% $27,609 $23,132
111 360 360 5.850% $22,831 $19,128
113 360 360 6.050% $50,030 $42,427
114 IO IO 5.570% NAP $38,590
116 360 358 6.450% $48,542 NAP
120 360 359 5.850% $44,836 NAP
121 360 360 5.900% $44,485 $37,387
126 300 299 5.640% $44,818 NAP
127 300 297 6.350% $46,764 NAP
129 360 359 6.930% $45,582 NAP
134 360 357 6.315% $41,382 NAP
135 360 360 5.860% $39,274 $32,925
137 360 360 6.260% $40,218 $34,512
139 360 360 6.310% $40,276 NAP
140 IO IO 5.790% NAP $31,798
143 360 360 5.860% $37,797 NAP
145 360 360 6.240% $38,442 $32,951
146 360 360 5.630% $35,710 $29,492
148 360 359 5.990% $36,174 NAP
149 360 360 5.990% $35,934 $30,366
150 IO IO 5.828% NAP $28,954
151 360 360 6.020% $35,149 $29,755
153 360 359 5.720% $33,737 NAP
158 360 360 5.880% $33,144 NAP
160 IO IO 5.800% NAP $27,320
161 IO IO 6.080% NAP $28,639
162 360 360 6.220% $33,757 $28,904
165 360 360 5.950% $31,606 $26,644
171 360 360 6.030% $30,315 $25,678
176 360 359 6.350% $29,867 NAP
360 359 6.000% $27,729 NAP
179 360 359 6.000% $19,336 NAP
180 360 359 6.000% $8,394 NAP
181 360 360 5.730% $26,204 $21,786
184 360 360 5.900% $26,632 NAP
188 360 360 5.890% $25,922 NAP
190 360 360 5.630% $24,767 $20,454
195 360 360 5.930% $24,992 $21,043
196 360 359 6.040% $25,289 NAP
200 360 360 6.113% $24,273 $20,660
201 360 360 5.850% $23,598 NAP
204 360 359 6.280% $24,707 NAP
205 360 359 5.980% $23,931 NAP
208 300 300 6.650% $26,015 NAP
360 359 6.040% $22,881 NAP
210 360 359 6.040% $8,359 NAP
211 360 359 6.040% $7,308 NAP
212 360 359 6.040% $4,060 NAP
213 360 359 6.040% $3,153 NAP
215 360 359 5.970% $22,471 NAP
219 360 359 5.720% $21,522 NAP
300 300 6.230% $23,704 NAP
222 300 300 6.230% $10,326 NAP
223 300 300 6.230% $7,041 NAP
224 300 300 6.230% $6,337 NAP
226 360 359 6.520% $22,327 NAP
227 360 360 5.820% $20,581 $17,211
229 360 359 5.410% $19,226 NAP
230 180 177 6.370% $29,660 NAP
231 240 238 6.220% $24,063 NAP
232 360 359 6.300% $20,117 NAP
233 240 240 5.860% $22,668 NAP
234 360 358 6.340% $19,891 NAP
235 360 358 6.090% $19,371 NAP
236 360 359 6.070% $19,028 NAP
237 360 360 5.910% $18,407 $13,400
238 360 359 5.960% $18,506 NAP
239 360 358 6.170% $18,560 NAP
240 IO IO 5.980% NAP $15,158
242 360 357 6.600% $19,160 NAP
243 360 358 6.300% $17,950 NAP
245 360 359 6.010% $17,106 NAP
246 300 300 6.330% $18,875 $15,189
248 360 360 5.940% $16,680 $14,053
249 360 358 6.090% $16,950 NAP
251 360 360 5.960% $16,417 NAP
252 360 359 5.990% $16,039 NAP
253 360 360 5.920% $15,752 NAP
254 300 299 6.040% $16,977 NAP
255 IO IO 5.920% NAP $13,040
256 360 360 5.880% $15,388 $12,917
257 360 360 6.010% $15,365 $12,999
258 360 355 6.506% $16,254 NAP
260 360 360 5.930% $14,876 $12,526
261 360 360 5.920% $14,801 NAP
262 360 358 6.040% $14,993 NAP
263 360 359 5.970% $14,761 NAP
264 360 360 5.920% $14,533 NAP
265 300 298 6.380% $16,326 NAP
270 360 359 5.960% $14,214 NAP
271 360 360 5.830% $13,892 $11,625
360 360 5.740% $13,466 $11,203
274 360 360 5.740% $9,677 $8,050
275 360 360 5.740% $3,789 $3,153
276 360 359 6.010% $13,804 NAP
277 360 360 6.230% $13,671 $11,712
278 300 300 5.750% $13,715 NAP
280 360 359 6.330% $13,040 NAP
281 360 359 5.900% $12,337 NAP
282 360 356 6.350% $12,911 NAP
283 360 360 6.010% $12,214 $10,334
284 360 360 6.100% $12,120 $10,308
285 360 359 5.990% $11,978 NAP
288 360 359 6.200% $11,637 NAP
289 360 359 6.070% $11,477 NAP
290 360 359 6.010% $11,404 NAP
292 300 300 6.330% $12,096 NAP
294 360 360 5.910% $10,154 $8,539
296 360 359 6.120% $9,960 NAP
297 360 358 6.420% $9,778 NAP
298 360 359 5.960% $9,253 NAP
299 360 356 6.590% $9,815 NAP
300 360 360 6.125% $9,114 $7,763
302 360 359 6.330% $9,314 NAP
303 360 359 6.000% $8,993 NAP
304 360 359 5.960% $8,955 NAP
305 360 358 6.290% $9,089 NAP
308 360 359 6.470% $8,569 NAP
360 360 6.570% $8,149 $7,105
309 360 360 6.570% $4,100 $3,575
310 360 360 6.570% $4,049 $3,531
311 360 359 6.120% $7,591 NAP
312 360 358 6.400% $7,756 NAP
313 300 299 6.500% $8,271 NAP
314 360 359 6.580% $7,240 NAP
315 360 360 6.000% $6,745 NAP
316 360 359 6.160% $6,251 NAP
317 360 360 6.280% $6,234 NAP
318 360 360 6.010% $5,702 NAP
Mortgage Loan No. Third Most Recent NOI Third Most Recent NOI End Date Second Most Recent NOI
----------------- --------------------- ------------------------------ ----------------------
1 NAP NAP $2,265,514
2 NAP NAP $3,679,138
3 NAP NAP $4,263,109
4 NAP NAP $1,793,029
5 NAP NAP $2,431,176
6 NAP NAP $1,825,357
7 NAP NAP $965,720
8 NAP NAP $1,655,346
9 NAP NAP $1,555,722
10 NAP NAP $656,236
11 NAP NAP $1,132,704
12 NAP NAP $1,071,063
13 NAP NAP $875,766
14 NAP NAP $864,766
15 NAP NAP $261,293
16 NAP NAP $717,722
17 NAP NAP $713,851
18 NAP NAP $370,748
19 NAP NAP $531,571
20 NAP NAP $706,564
21 NAP NAP $394,245
22 NAP NAP $189,980
23 NAP NAP $840,146
24 NAP NAP $98,478
30 $4,452,026 12/31/2004 $5,739,676
32 NAP NAP $1,787,691
35 $5,024,488 12/31/2004 $4,221,801
38 NAP NAP NAP
40 $2,230,214 12/31/2004 $1,678,831
41 $2,096,487 12/31/2004 $2,350,467
49 $1,672,351 12/31/2004 $1,458,146
52 NAP NAP NAP
53 NAP NAP NAP
54 NAP NAP NAP
55 NAP NAP NAP
56 NAP NAP NAP
57 NAP NAP NAP
61 NAP NAP NAP
63 $1,313,788 12/31/2004 $1,419,235
64 NAP NAP NAP
65 $1,065,109 12/31/2004 $1,185,056
66 $1,320,867 12/31/2004 $1,324,347
68 $496,402 12/31/2004 $1,130,026
69 $2,702,664 12/31/2004 $2,484,438
76 $1,362,698 12/31/2004 $1,365,504
77 NAP NAP NAP
78 NAP NAP NAP
79 $1,047,639 12/31/2004 $1,011,183
81 $1,186,608 12/31/2003 $1,241,800
84 $470,336 12/31/2004 $551,034
85 $496,213 12/31/2004 $519,094
86 $188,327 12/31/2004 $221,732
87 NAP NAP $438,435
89 $739,522 12/31/2004 $789,847
93 $143,935 12/31/2004 $138,284
94 $172,865 12/31/2004 $178,942
95 $99,934 12/31/2004 $104,313
96 $94,360 12/31/2004 $98,495
97 $76,443 12/31/2004 $79,793
98 $86,177 12/31/2004 $66,908
99 $64,187 12/31/2004 $57,448
102 $730,718 12/31/2004 $711,558
104 $995,817 12/31/2004 $994,762
105 $961,089 12/31/2004 $989,800
106 $405,682 12/31/2004 $349,701
107 $326,167 12/31/2004 $307,309
108 $1,026,126 12/31/2004 $1,030,782
110 $193,084 12/31/2003 $522,993
111 NAP NAP NAP
113 $541,571 12/31/2004 $480,393
114 $560,470 12/31/2004 $666,438
116 $809,748 12/31/2004 $818,313
120 $701,618 12/31/2004 $784,931
121 $718,971 12/31/2004 $375,720
126 $1,443,924 12/31/2004 $1,456,034
127 $659,232 12/31/2004 $832,940
129 $665,558 12/31/2004 $896,004
134 NAP NAP NAP
135 $831,942 12/31/2004 $858,761
137 NAP NAP NAP
139 $686,782 12/31/2004 $628,072
140 NAP NAP NAP
143 $805,378 12/31/2004 $709,827
145 NAP NAP NAP
146 $639,831 12/31/2004 $639,243
148 $602,057 12/31/2004 $562,139
149 $439,815 12/31/2004 $516,372
150 $505,671 12/31/2004 $521,266
151 $519,507 12/31/2004 $460,098
153 $506,701 12/31/2004 $547,904
158 $167,644 12/31/2004 $9,390
160 $604,210 12/31/2004 $610,198
161 $432,100 12/31/2004 $432,100
162 $490,397 12/31/2004 $212,606
165 $317,649 12/31/2004 $247,636
171 $512,738 12/31/2004 $529,854
176 $538,232 12/31/2003 $504,674
179 NAP NAP $291,414
180 NAP NAP $126,764
181 $89,353 12/31/2004 $195,832
184 $456,582 12/31/2004 $523,618
188 $390,670 12/31/2004 $394,913
190 $617,411 12/31/2004 $376,502
195 $444,113 12/31/2004 $400,325
196 $321,010 12/31/2004 $332,086
200 NAP NAP $375,783
201 $362,042 12/31/2004 $363,168
204 $457,786 12/31/2004 $461,048
205 NAP NAP NAP
208 $706,646 12/31/2004 $731,500
210 $123,953 12/31/2004 $104,187
211 $84,625 12/31/2004 $86,264
212 $63,783 12/31/2004 $66,592
213 $48,677 12/31/2004 $43,860
215 $291,737 12/31/2004 $323,791
219 $490,844 12/31/2004 $505,813
222 $201,491 12/31/2004 $181,046
223 $72,655 12/31/2004 $64,640
224 $101,855 12/31/2004 $51,481
226 $278,576 12/31/2004 $311,660
227 $178,497 12/31/2004 $183,120
229 NAP NAP NAP
230 $463,121 12/31/2004 $454,419
231 $492,369 12/31/2003 $559,130
232 $321,806 12/31/2004 $331,000
233 NAP NAP $310,299
234 NAP NAP NAP
235 $66,959 12/31/2004 $251,804
236 $234,252 12/31/2004 $257,352
237 NAP NAP NAP
238 NAP NAP NAP
239 NAP NAP $238,019
240 $347,984 12/31/2004 $321,120
242 $285,286 12/31/2004 $206,817
243 NAP NAP NAP
245 $217,147 12/31/2004 $251,155
246 $307,654 12/31/2004 $305,056
248 NAP NAP NAP
249 NAP NAP NAP
251 $266,100 12/31/2004 $309,212
252 NAP NAP NAP
253 $201,099 12/31/2004 $218,398
254 NAP NAP NAP
255 NAP NAP NAP
256 NAP NAP NAP
257 $286,794 12/31/2004 $290,454
258 NAP NAP $252,803
260 $86,024 12/31/2004 $140,604
261 NAP NAP NAP
262 $238,063 12/31/2004 $238,908
263 $363,230 12/31/2004 $358,184
264 $195,533 12/31/2003 $197,452
265 NAP NAP NAP
270 NAP NAP NAP
271 NAP NAP NAP
274 $135,586 12/31/2004 $137,506
275 $55,037 12/31/2004 $73,497
276 $219,905 12/31/2004 $243,474
277 NAP NAP $28,691
278 $104,792 12/31/2004 $143,566
280 NAP NAP NAP
281 NAP NAP $129,371
282 $214,539 12/31/2004 $213,654
283 $160,170 12/31/2004 $206,445
284 NAP NAP NAP
285 $130,537 12/31/2004 $148,855
288 $185,382 12/31/2004 $200,563
289 NAP NAP NAP
290 $156,521 12/31/2004 $174,446
292 $261,525 12/31/2004 $275,720
294 NAP NAP NAP
296 NAP NAP NAP
297 NAP NAP $150,331
298 $172,576 12/31/2004 $203,997
299 NAP NAP NAP
300 NAP NAP -$13,010
302 $224,341 12/31/2003 $220,432
303 $42,186 12/31/2004 $25,838
304 $132,754 12/31/2004 $154,505
305 NAP NAP NAP
308 NAP NAP NAP
309 $58,465 12/31/2004 $61,311
310 NAP NAP $37,424
311 $104,383 12/31/2004 $115,158
312 NAP NAP NAP
313 $131,508 12/31/2004 $163,316
314 $99,524 12/31/2004 $106,818
315 NAP NAP NAP
316 $46,852 12/31/2004 $118,561
317 $103,167 12/31/2004 $110,539
318 $80,316 12/31/2004 $101,262
Mortgage Loan No. Second Most Recent NOI End Date Most Recent NOI Most Recent NOI End Date Underwritten EGI
----------------- ------------------------------- --------------- ------------------------ ----------------
$41,422,759
1 12/31/2005 $2,318,850 TTM (09/30/2006) $3,597,136
2 12/31/2005 $2,923,734 TTM (09/30/2006) $4,262,155
3 12/31/2005 $4,495,276 TTM (09/30/2006) $5,264,690
4 12/31/2005 $1,259,449 TTM (09/30/2006) $2,849,237
5 12/31/2005 $1,802,942 TTM (09/30/2006) $2,417,674
6 12/31/2005 $1,236,529 TTM (09/30/2006) $2,295,453
7 12/31/2005 $1,345,470 TTM (09/30/2006) $2,128,013
8 12/31/2005 $1,452,785 TTM (09/30/2006) $1,986,865
9 12/31/2005 $1,502,041 TTM (09/30/2006) $1,913,541
10 12/31/2005 $1,119,675 TTM (09/30/2006) $1,608,406
11 12/31/2005 $738,935 TTM (09/30/2006) $1,703,413
12 12/31/2005 $1,095,458 TTM (09/30/2006) $1,392,322
13 12/31/2005 $933,822 TTM (09/30/2006) $1,334,988
14 12/31/2005 $773,417 TTM (09/30/2006) $1,198,314
15 12/31/2005 $375,842 TTM (09/30/2006) $990,591
16 12/31/2005 $707,541 TTM (09/30/2006) $904,024
17 12/31/2005 $646,752 TTM (09/30/2006) $940,717
18 12/31/2005 $648,535 TTM (09/30/2006) $830,640
19 12/31/2005 $530,334 TTM (09/30/2006) $878,551
20 12/31/2005 $619,816 TTM (09/30/2006) $715,785
21 12/31/2005 $426,801 TTM (09/30/2006) $544,734
22 12/31/2005 $291,487 TTM (09/30/2006) $475,646
23 12/31/2005 $799,480 TTM (09/30/2006) $751,785
24 12/31/2005 $261,211 TTM (09/30/2006) $438,079
30 12/31/2005 $6,170,238 TTM (08/31/2006) $9,858,901
32 12/31/2005 $4,118,126 T-6 (09/30/2006) Xxx. $7,580,127
35 12/31/2005 $4,791,426 TTM (06/30/2006) $8,626,906
38 NAP NAP NAP $3,497,410
40 12/31/2005 $2,385,478 TTM (07/31/2006) $4,755,506
41 12/31/2005 $2,343,748 TTM (06/30/2006) $3,592,982
49 12/31/2005 $1,404,577 TTM (09/30/2006) $2,845,851
$0
52 NAP NAP NAP $589,426
53 NAP NAP NAP $513,738
54 NAP NAP NAP $398,454
55 NAP NAP NAP $323,210
56 NAP NAP NAP $300,124
57 NAP NAP NAP $170,463
61 NAP $2,106,767 TTM (07/31/2006) $3,402,082
63 12/31/2005 $1,436,269 TTM (05/31/2006) $2,282,802
64 NAP NAP NAP $1,696,072
65 12/31/2005 $1,246,200 TTM (06/30/2006) $2,282,778
66 12/31/2005 $1,344,312 TTM (09/30/2006) $1,928,988
68 12/31/2005 $1,028,742 TTM (11/30/2006) $2,793,542
69 12/31/2005 $1,909,474 YTD (07/31/2006) Xxx. $2,998,397
76 12/31/2005 $1,365,143 TTM (07/31/2006) $2,460,691
77 NAP NAP NAP $1,544,871
78 NAP NAP NAP $1,502,884
79 12/31/2005 $1,012,557 TTM (08/31/2006) $1,530,470
81 12/31/2004 $1,271,146 12/31/2005 $1,974,593
$2,027,356
84 12/31/2005 $555,889 TTM (06/30/2006) $841,730
85 12/31/2005 $453,845 TTM (06/30/2006) $828,819
86 12/31/2005 $166,205 TTM (06/30/2006) $356,807
87 12/31/2005 $704,723 TTM (06/30/2006) $1,139,330
89 12/31/2005 $920,692 TTM (08/31/2006) $1,188,996
$1,108,298
93 12/31/2005 $177,753 TTM (09/30/2006) $239,735
94 12/31/2005 $187,823 TTM (09/30/2006) $229,413
95 12/31/2005 $119,421 TTM (09/30/2006) $152,883
96 12/31/2005 $112,760 TTM (09/30/2006) $144,356
97 12/31/2005 $91,350 TTM (09/30/2006) $116,947
98 12/31/2005 $93,467 TTM (09/30/2006) $134,901
99 12/31/2005 $66,501 TTM (09/30/2006) $90,064
102 12/31/2005 $759,858 TTM (09/30/2006) $1,111,981
104 12/31/2005 $1,006,290 TTM (07/31/2006) $1,721,101
105 12/31/2005 $1,000,045 TTM (07/31/2006) $1,656,662
$1,972,334
106 12/31/2005 $494,414 TTM (06/30/2006) $1,044,081
107 12/31/2005 $365,251 TTM (06/30/2006) $928,253
108 12/31/2005 $1,027,164 TTM (07/31/2006) $1,692,205
110 12/31/2004 $443,108 12/31/2005 $708,905
111 NAP NAP NAP $362,405
113 12/31/2005 $476,777 TTM (06/30/2006) $1,016,269
114 12/31/2005 $674,706 TTM (08/31/2006) $1,190,595
116 12/31/2005 $825,398 TTM (08/31/2006) $1,359,377
120 12/31/2005 $770,877 TTM (07/31/2006) $966,230
121 12/31/2005 $478,580 YTD (08/31/2006) $1,165,325
126 12/31/2005 $1,450,681 TTM (09/30/2006) $2,579,337
127 12/31/2005 $944,491 TTM (06/30/2006) $2,610,521
129 12/31/2005 $840,302 TTM (06/30/2006) $990,420
134 NAP NAP NAP $724,667
135 12/31/2005 $811,265 TTM (08/31/2006) $1,133,241
137 NAP $477,633 YTD Annual (08/31/2006) $884,475
139 12/31/2005 $657,525 TTM (07/31/2006) $1,592,381
140 NAP $285,859 YTD (09/30/2006) $720,208
143 12/31/2005 $814,508 TTM (09/30/2006) $1,332,802
145 NAP $295,655 (06/30/2006) Xxx. $719,502
146 12/31/2005 $693,152 TTM (08/31/2006) $1,032,274
148 12/31/2005 $586,278 TTM (08/31/2006) $713,003
149 12/31/2005 $589,044 TTM (07/31/2006) $939,554
150 12/31/2005 $550,263 TTM (07/31/2006) $1,093,910
151 12/31/2005 $494,120 TTM (08/31/2006) $1,067,369
153 12/31/2005 $546,025 TTM (07/31/2006) $1,110,426
158 12/31/2005 $164,700 YTD Annual 11/01/2006 $1,005,906
160 12/31/2005 $603,449 TTM (08/31/2006) $1,207,701
161 12/31/2005 $432,096 TTM (06/30/2006) $441,000
162 12/31/2005 $267,701 TTM (05/31/2006) $938,696
165 12/31/2005 $424,493 TTM (09/30/2006) $744,925
171 12/31/2005 $528,396 TTM (07/31/2006) $674,121
176 12/31/2004 $596,851 12/31/2005 $838,172
$681,106
179 12/31/2005 $283,025 TTM (08/31/2006) $471,914
180 12/31/2005 $138,114 TTM (08/31/2006) $209,192
181 12/31/2005 $352,726 TTM (07/31/2006) $492,948
184 12/31/2005 $535,069 TTM (09/30/2006) $577,596
188 12/31/2005 $412,761 TTM (10/31/2006) $689,131
190 12/31/2005 $429,938 TTM (08/31/2006) $815,571
195 12/31/2005 $384,427 TTM (07/31/2006) $782,026
196 12/31/2005 $351,167 TTM (08/31/2006) $908,981
200 12/31/2005 $389,666 TTM (08/31/2006) $578,880
201 12/31/2005 $245,302 TTM (09/30/2006) $513,225
204 12/31/2005 $463,078 TTM (06/30/2006) $589,887
205 NAP NAP NAP $568,115
208 12/31/2005 $654,924 TTM (06/30/2006) $1,701,476
$683,323
210 12/31/2005 $134,911 TTM (09/30/2006) $253,801
211 12/31/2005 $89,756 TTM (09/30/2006) $215,510
212 12/31/2005 $56,753 TTM (09/30/2006) $117,364
213 12/31/2005 $49,671 TTM (09/30/2006) $96,648
215 12/31/2005 $221,462 TTM (07/31/2006) $743,204
219 12/31/2005 $509,465 TTM (07/31/2006) $1,097,675
$617,069
222 12/31/2005 $200,851 YTD (07/31/2006) $255,004
223 12/31/2005 $48,456 YTD (07/31/2006) $199,617
224 12/31/2005 $113,847 YTD (07/31/2006) $162,448
226 12/31/2005 $322,809 TTM (08/31/2006) $811,871
227 12/31/2005 $220,596 YTD (03/31/2006) $459,779
229 NAP NAP NAP $412,593
230 12/31/2005 $566,263 TTM (06/30/2006) $1,504,151
231 12/31/2004 $646,204 12/31/2005 $868,248
232 12/31/2005 $463,572 TTM (06/30/2006) $478,389
233 12/31/2005 $382,475 TTM (09/30/2006) $420,958
234 NAP NAP NAP $453,173
235 12/31/2005 $255,799 TTM (06/30/2006) $675,993
236 12/31/2005 $279,103 TTM (06/30/2006) $430,120
237 NAP NAP NAP $440,789
238 NAP NAP NAP $409,094
239 12/31/2005 $290,528 TTM (07/31/2006) $550,633
240 12/31/2005 $274,998 TTM (07/31/2006) $743,586
242 12/31/2005 $127,820 TTM (07/31/2006) $488,441
243 NAP $212,293 TTM (06/30/2006) $444,356
245 12/31/2005 $270,102 TTM (09/30/2006) $390,282
246 12/31/2005 $322,444 TTM (05/31/2006) $595,673
248 NAP NAP NAP $463,801
249 NAP $223,109 TTM (06/30/2006) $342,975
251 12/31/2005 $373,269 TTM (09/30/2006) $414,034
252 NAP NAP NAP $248,748
253 12/31/2005 $225,985 TTM (07/31/2006) $226,941
254 NAP $239,163 TTM (08/31/2006) $343,181
255 NAP NAP NAP $345,000
256 NAP NAP NAP $583,222
257 12/31/2005 $255,146 TTM (08/31/2006) $422,427
258 12/31/2005 $308,070 TTM (04/30/2006) $326,262
260 12/31/2005 $162,775 TTM (09/30/2006) $284,098
261 NAP NAP NAP $213,131
262 12/31/2005 $287,376 TTM (06/30/2006) $362,262
263 12/31/2005 $351,680 TTM (06/30/2006) $494,015
264 12/31/2004 $210,292 12/31/2005 $209,284
265 NAP NAP NAP $355,794
270 NAP $130,703 TTM (07/31/2006) $325,072
271 NAP $283,361 TTM (08/31/2006) $376,672
$302,285
274 12/31/2005 $158,223 TTM (09/30/2006) $206,183
275 12/31/2005 $63,119 TTM (09/30/2006) $96,102
276 12/31/2005 $271,408 TTM (09/30/2006) $427,638
277 12/31/2005 $92,241 TTM (06/30/2006) $274,654
278 12/31/2005 $86,333 YTD (08/31/2006) $311,684
280 NAP NAP NAP $261,884
281 12/31/2005 $185,530 TTM (09/30/2006) $357,214
282 12/31/2005 $195,817 TTM (05/31/2006) $344,839
283 12/31/2005 $218,781 TTM (06/30/2006) $387,882
284 NAP NAP NAP $244,658
285 12/31/2005 $154,612 TTM (09/30/2006) $346,688
288 12/31/2005 $182,308 TTM (07/31/2006) $299,107
289 NAP $185,348 TTM (06/30/2006) $281,659
290 12/31/2005 $191,939 TTM (07/31/2006) $302,023
292 12/31/2005 $227,047 TTM (09/30/2006) $413,332
294 NAP $115,086 TTM (02/28/2006) $265,761
296 NAP $208,105 YTD (08/31/2006) $235,275
297 12/31/2005 $158,277 TTM (06/30/2006) $189,294
298 12/31/2005 $199,869 TTM (09/30/2006) $278,132
299 NAP NAP NAP $171,720
300 12/31/2005 $122,589 TTM (06/30/2006) $239,346
302 12/31/2004 $227,162 TTM (09/30/2006) $359,418
303 12/31/2005 $71,288 TTM (07/31/2006) $203,256
304 12/31/2005 $149,658 TTM (07/31/2006) $290,451
305 NAP $83,800 TTM (07/31/2006) $196,068
308 NAP NAP NAP $170,421
$212,945
309 12/31/2005 $64,694 TTM (06/30/2006) $116,933
310 12/31/2005 $67,022 TTM (07/31/2006) $96,012
311 12/31/2005 $119,801 TTM (09/30/2006) $221,438
312 NAP NAP NAP $186,685
313 12/31/2005 $162,989 TTM (07/31/2006) $236,628
314 12/31/2005 $126,685 TTM (08/31/2006) $173,912
315 NAP $55,313 YTD (07/31/2006) $181,951
316 12/31/2005 $109,586 TTM (08/31/2006) $220,947
317 12/31/2005 $110,920 TTM (06/30/2006) $119,602
318 12/31/2005 $106,956 TTM (07/31/2006) $178,972
Mortgage Loan No. Underwritten Expenses Underwritable NOI Underwritten Reserves Underwritable Cash Flow Balloon Balance
----------------- --------------------- ----------------- --------------------- ----------------------- ---------------
$9,925,792 $31,496,967 $2,433,559 $29,063,407 $250,000,000
1 $781,945 $2,815,190 $126,010 $2,689,180 $28,600,000
2 $1,064,058 $3,198,098 $246,888 $2,951,209 $27,300,000
3 $709,547 $4,555,144 $175,605 $4,379,539 $19,300,000
4 $642,049 $2,207,188 $250,517 $1,956,671 $19,100,000
5 $718,270 $1,699,404 $188,032 $1,511,371 $14,200,000
6 $705,380 $1,590,073 $121,853 $1,468,220 $14,200,000
7 $475,046 $1,652,966 $119,873 $1,533,093 $13,400,000
8 $490,453 $1,496,412 $74,865 $1,421,547 $12,300,000
9 $466,125 $1,447,416 $71,039 $1,376,377 $11,600,000
10 $429,442 $1,178,964 $87,922 $1,091,042 $10,800,000
11 $469,690 $1,233,724 $74,382 $1,159,342 $10,300,000
12 $274,644 $1,117,678 $136,276 $981,403 $9,300,000
13 $334,981 $1,000,007 $68,013 $931,994 $8,700,000
14 $303,689 $894,625 $57,187 $837,438 $7,300,000
15 $300,989 $689,602 $114,167 $575,434 $5,900,000
16 $157,648 $746,376 $70,129 $676,248 $5,700,000
17 $289,776 $650,942 $119,663 $531,278 $5,300,000
18 $153,174 $677,466 $58,429 $619,037 $5,200,000
19 $219,604 $658,947 $45,107 $613,840 $4,800,000
20 $237,585 $478,200 $54,255 $423,945 $4,500,000
21 $118,385 $426,350 $38,219 $388,131 $3,400,000
22 $115,461 $360,184 $26,287 $333,897 $3,200,000
23 $360,390 $391,394 $86,776 $304,619 $3,100,000
24 $107,462 $330,617 $22,066 $308,552 $2,500,000
30 $4,326,486 $5,532,415 $327,399 $5,205,016 $57,111,536
32 $2,879,294 $4,700,833 $242,012 $4,458,821 $47,703,673
35 $3,521,765 $5,105,141 $495,356 $4,609,785 $37,500,000
38 $104,922 $3,392,487 $79,320 $3,313,167 $33,675,000
40 $2,093,632 $2,661,874 $122,055 $2,539,819 $25,931,084
41 $1,279,909 $2,313,073 $175,061 $2,138,012 $23,524,399
49 $1,085,695 $1,760,156 $70,400 $1,689,756 $20,047,045
$472,636 $1,822,778 $51,987 $1,770,791 $16,496,236
52 $136,916 $452,509 $7,052 $445,458 $4,613,622
53 $87,341 $426,397 $6,064 $420,333 $3,802,437
54 $46,292 $352,163 $5,000 $347,163 $2,883,514
55 $76,485 $246,725 $12,686 $234,038 $2,091,340
56 $98,506 $201,617 $12,957 $188,660 $1,774,471
57 $27,096 $143,367 $8,228 $135,139 $1,330,853
61 $1,808,009 $1,594,072 $67,200 $1,526,872 $15,442,682
63 $774,410 $1,508,392 $47,840 $1,460,552 $14,553,186
64 $328,544 $1,367,528 $31,590 $1,335,938 $15,200,000
65 $1,006,635 $1,276,143 $30,850 $1,245,293 $13,889,720
66 $620,308 $1,308,680 $80,250 $1,228,430 $12,603,127
68 $1,469,350 $1,324,192 $150,266 $1,173,926 $12,532,023
69 $1,111,830 $1,886,567 $200,524 $1,686,042 $11,150,754
76 $1,174,979 $1,285,712 $98,000 $1,187,712 $10,287,652
77 $392,723 $1,152,148 $66,242 $1,085,906 $10,930,033
78 $493,494 $1,009,390 $39,866 $969,524 $10,932,982
79 $546,179 $984,291 $47,208 $937,083 $10,419,216
81 $746,854 $1,227,739 $49,950 $1,177,789 $7,157,919
$839,242 $1,188,113 $74,250 $1,113,863 $9,623,543
84 $322,862 $518,867 $28,500 $490,367 $4,357,829
85 $340,225 $488,594 $30,000 $458,594 $3,922,075
86 $176,155 $180,652 $15,750 $164,902 $1,343,639
87 $217,148 $922,182 $36,857 $885,324 $8,739,686
89 $296,391 $892,605 $45,503 $847,103 $9,383,981
$330,890 $777,408 $20,250 $757,158 $8,555,508
93 $79,939 $159,796 $5,500 $154,296 $1,778,508
94 $68,901 $160,512 $5,250 $155,262 $1,685,176
95 $40,054 $112,830 $1,569 $111,261 $1,301,475
96 $37,820 $106,536 $1,481 $105,055 $1,228,882
97 $30,639 $86,308 $1,200 $85,108 $995,550
98 $39,588 $95,312 $3,250 $92,062 $897,032
99 $33,950 $56,114 $2,000 $54,114 $668,885
102 $318,198 $793,783 $30,516 $763,267 $8,416,764
104 $753,601 $967,500 $59,708 $907,792 $7,737,073
105 $713,270 $943,391 $56,826 $886,565 $7,748,023
$1,078,723 $893,612 $89,250 $804,362 $7,711,248
106 $541,286 $502,795 $48,000 $454,795 $4,481,751
107 $537,437 $390,817 $41,250 $349,567 $3,229,497
108 $769,233 $922,972 $64,000 $858,972 $7,698,511
110 $254,084 $454,822 $31,170 $423,652 $4,140,643
111 $7,248 $355,157 $26,129 $329,028 $3,423,995
113 $290,229 $726,040 $49,976 $676,064 $7,781,699
114 $494,824 $695,771 $25,000 $670,771 $8,200,000
116 $575,592 $783,784 $41,472 $742,312 $6,646,081
120 $269,220 $697,011 $49,881 $647,130 $6,429,229
121 $482,030 $683,295 $62,203 $621,092 $6,641,706
126 $1,085,131 $1,494,206 $127,713 $1,366,494 $5,525,297
127 $1,860,642 $854,299 $104,421 $749,878 $5,518,914
129 $292,304 $698,116 $7,250 $690,866 $6,536,700
134 $21,740 $702,927 $60,632 $642,296 $5,723,212
135 $463,344 $669,897 $60,932 $608,964 $5,883,654
137 $270,928 $613,547 $32,743 $580,804 $6,134,112
139 $972,342 $620,038 $27,648 $592,390 $6,113,189
140 $123,440 $596,768 $34,407 $562,361 $6,500,000
143 $476,940 $855,862 $55,878 $799,984 $5,417,006
145 $204,325 $515,177 $32,655 $482,522 $5,872,869
146 $394,037 $638,237 $78,131 $560,107 $5,571,389
148 $146,715 $566,289 $46,874 $519,415 $5,130,603
149 $388,259 $551,295 $14,009 $537,286 $5,428,681
150 $520,036 $573,874 $38,000 $535,874 $5,880,000
151 $540,451 $526,918 $13,807 $513,111 $5,482,498
153 $520,587 $589,839 $11,376 $578,463 $4,887,548
158 $489,298 $516,608 $26,400 $490,208 $5,237,513
160 $584,618 $623,083 $48,048 $575,035 $5,575,000
161 $4,410 $436,590 $0 $436,590 $5,575,000
162 $446,292 $492,404 $25,000 $467,404 $4,998,368
165 $259,893 $485,032 $31,716 $453,315 $4,961,496
171 $191,913 $482,208 $37,204 $445,004 $4,469,523
176 $328,456 $509,716 $13,100 $496,616 $4,119,517
$248,554 $432,552 $17,231 $415,321 $3,929,794
179 $172,365 $299,549 $13,399 $286,150 $2,740,235
180 $76,189 $133,003 $3,833 $129,171 $1,189,559
181 $135,839 $357,109 $21,179 $335,931 $4,201,011
184 $147,476 $430,120 $30,401 $399,719 $3,804,863
188 $258,883 $430,248 $13,043 $417,205 $3,706,318
190 $398,894 $416,677 $46,280 $370,397 $3,864,028
195 $387,022 $395,004 $26,936 $368,068 $3,795,751
196 $465,664 $443,317 $33,000 $410,317 $3,572,830
200 $165,987 $412,894 $26,530 $386,364 $3,752,498
201 $123,986 $389,239 $32,438 $356,801 $3,384,625
204 $169,162 $420,725 $54,234 $366,491 $3,759,756
205 $196,202 $371,914 $23,492 $348,422 $3,396,759
208 $1,114,611 $586,865 $68,059 $518,806 $3,015,861
$328,691 $354,631 $23,750 $330,881 $3,232,559
210 $103,637 $150,163 $8,000 $142,163 $1,180,998
211 $119,940 $95,570 $8,250 $87,320 $1,032,530
212 $60,450 $56,914 $4,500 $52,414 $573,627
213 $44,664 $51,984 $3,000 $48,984 $445,405
215 $376,053 $367,150 $40,250 $326,900 $3,192,021
219 $541,253 $556,422 $12,435 $543,987 $3,117,919
$235,227 $381,842 $47,894 $333,948 $2,818,651
222 $86,173 $168,831 $21,170 $147,660 $1,227,927
223 $90,131 $109,486 $16,647 $92,839 $837,223
224 $58,923 $103,525 $10,077 $93,448 $753,501
226 $454,041 $357,830 $34,000 $323,830 $3,039,611
227 $144,103 $315,677 $17,130 $298,547 $3,271,431
229 $120,660 $291,934 $14,327 $277,607 $2,854,852
230 $965,969 $538,182 $60,166 $478,016 $1,576,414
231 $281,328 $586,920 $65,770 $521,150 $2,194,814
232 $182,084 $296,305 $6,171 $290,134 $2,785,333
233 $65,857 $355,101 $19,861 $335,240 $2,099,269
234 $120,542 $332,631 $36,650 $295,981 $2,746,381
235 $373,632 $302,360 $24,250 $278,110 $2,726,857
236 $109,356 $320,763 $28,547 $292,216 $2,681,951
237 $136,809 $303,980 $16,602 $287,378 $2,683,584
238 $108,859 $300,234 $24,575 $275,659 $2,630,950
239 $254,537 $296,096 $6,669 $289,427 $2,596,488
240 $399,601 $343,985 $14,000 $329,985 $3,000,000
242 $182,143 $306,298 $15,000 $291,298 $2,592,663
243 $119,029 $325,327 $23,026 $302,301 $2,486,100
245 $125,399 $264,884 $6,859 $258,025 $2,422,308
246 $306,034 $289,639 $28,000 $261,639 $2,585,840
248 $201,859 $261,942 $14,400 $247,542 $2,482,357
249 $72,361 $270,615 $18,136 $252,478 $2,386,000
251 $117,794 $296,240 $15,624 $280,616 $2,334,487
252 $4,975 $243,773 $9,027 $234,746 $2,274,794
253 $6,808 $220,132 $1,529 $218,603 $2,246,955
254 $77,654 $265,527 $10,873 $254,653 $2,041,848
255 $10,350 $334,650 $2,223 $332,427 $2,607,000
256 $295,995 $287,227 $38,496 $248,730 $2,347,942
257 $134,340 $288,087 $37,794 $250,293 $2,317,624
258 $69,561 $256,701 $17,614 $239,088 $2,216,267
260 $75,809 $208,289 $2,909 $205,381 $2,259,344
261 $6,394 $206,737 $1,519 $205,219 $2,111,290
262 $78,794 $283,469 $27,220 $256,249 $2,118,763
263 $214,363 $279,652 $34,128 $245,524 $2,096,886
264 $6,279 $203,005 $1,519 $201,487 $2,073,135
265 $106,990 $248,804 $12,190 $236,615 $1,923,786
270 $95,657 $229,414 $13,682 $215,732 $2,020,740
271 $162,707 $213,965 $6,015 $207,950 $2,086,612
$87,891 $214,394 $14,500 $199,894 $2,080,339
274 $53,375 $152,808 $7,250 $145,558 $1,494,932
275 $34,516 $61,586 $7,250 $54,336 $585,408
276 $154,516 $273,122 $8,036 $265,087 $1,954,845
277 $61,130 $213,523 $14,624 $198,899 $1,945,594
278 $80,449 $231,235 $24,667 $206,568 $1,679,662
280 $64,721 $197,163 $13,058 $184,104 $1,801,276
281 $160,202 $197,012 $6,615 $190,397 $1,762,177
282 $142,939 $201,900 $9,529 $192,371 $1,781,091
283 $197,347 $190,535 $5,313 $185,222 $1,806,566
284 $51,568 $193,090 $9,468 $183,623 $1,779,040
285 $184,703 $161,984 $6,099 $155,885 $1,698,874
288 $121,794 $177,313 $8,087 $169,226 $1,623,736
289 $102,172 $179,487 $15,376 $164,111 $1,617,685
290 $121,111 $180,912 $7,342 $173,570 $1,614,872
292 $190,300 $223,032 $15,500 $207,532 $1,429,652
294 $108,791 $156,970 $10,500 $146,470 $1,514,842
296 $77,485 $157,790 $11,200 $146,591 $1,398,333
297 $36,686 $152,608 $11,475 $141,133 $1,341,868
298 $126,952 $151,180 $16,446 $134,734 $1,315,475
299 $5,152 $166,568 $7,479 $159,089 $1,329,359
300 $35,537 $203,809 $13,384 $190,425 $1,360,955
302 $157,673 $201,745 $8,218 $193,527 $1,286,626
303 $48,896 $154,360 $22,711 $131,649 $1,274,527
304 $136,953 $153,498 $5,800 $147,698 $1,273,040
305 $54,340 $141,728 $8,979 $132,749 $1,259,839
308 $31,550 $138,871 $5,907 $132,964 $1,171,110
$85,981 $126,964 $5,719 $121,245 $1,128,983
309 $51,393 $65,541 $3,146 $62,394 $567,997
310 $34,588 $61,424 $2,573 $58,851 $560,986
311 $102,572 $118,866 $9,500 $109,366 $1,065,802
312 $66,606 $120,078 $7,739 $112,340 $1,066,017
313 $92,527 $144,101 $20,372 $123,729 $967,288
314 $63,326 $110,587 $4,559 $106,028 $1,071,737
315 $53,846 $128,105 $8,524 $119,581 $956,136
316 $114,072 $106,875 $3,850 $103,025 $874,961
317 $19,326 $100,276 $4,943 $95,333 $864,670
318 $75,736 $103,236 $6,543 $96,693 $807,638
Mortgage Loan No. Current Value(12) Source of Value(12) Market Study Capitalization Rate(12) Valuation Date
----------------- ----------------- ------------------- ------------------------------------ --------------
$476,540,000
1 $64,000,000 Appraisal NAP 10/19/2006
2 $51,500,000 Appraisal NAP 10/20/2006
3 $31,500,000 Appraisal NAP 10/18/2006
4 $35,200,000 Appraisal NAP 10/18/2006
5 $27,100,000 Appraisal NAP 10/18/2006
6 $27,000,000 Appraisal NAP 10/18/2006
7 $24,000,000 Appraisal NAP 10/18/2006
8 $21,000,000 Appraisal NAP 10/23/2006
9 $20,200,000 Appraisal NAP 10/20/2006
10 $19,070,000 Appraisal NAP 10/18/2006
11 $17,810,000 Appraisal NAP 10/19/2006
12 $17,700,000 Appraisal NAP 10/18/2006
13 $14,600,000 Appraisal NAP 10/23/2006
14 $12,000,000 Appraisal NAP 10/18/2006
15 $13,100,000 Appraisal NAP 10/18/2006
16 $9,440,000 Appraisal NAP 10/18/2006
17 $12,050,000 Appraisal NAP 10/18/2006
18 $8,500,000 Appraisal NAP 10/18/2006
19 $7,800,000 Appraisal NAP 10/20/2006
20 $12,000,000 Appraisal NAP 10/23/2006
21 $6,520,000 Appraisal NAP 10/18/2006
22 $5,200,000 Appraisal NAP 10/18/2006
23 $14,950,000 Appraisal NAP 10/18/2006
24 $4,300,000 Appraisal NAP 10/18/2006
30 $77,000,000 Appraisal NAP 09/15/2006
32 $70,000,000 Appraisal NAP 12/07/2005
35 $69,000,000 Appraisal NAP 09/15/2006
38 $52,000,000 Appraisal NAP 04/19/2006
40 $38,100,000 Appraisal NAP 07/21/2006
41 $31,700,000 Appraisal NAP 09/12/2006
49 $30,700,000 Appraisal NAP 12/01/2006
$26,030,000
52 $7,280,000 Appraisal NAP 04/05/2006
53 $6,000,000 Appraisal NAP 04/05/2006
54 $4,550,000 Appraisal NAP 04/05/2006
55 $3,300,000 Appraisal NAP 04/12/2006
56 $2,800,000 Appraisal NAP 04/06/2006
57 $2,100,000 Appraisal NAP 04/03/2006
61 $25,300,000 Appraisal NAP 03/20/2006
63 $24,800,000 Appraisal NAP 04/20/2006
64 $20,000,000 Appraisal NAP 09/20/2006
65 $19,400,000 Appraisal NAP 07/01/2006
66 $17,600,000 Appraisal NAP 10/02/2006
68 $17,800,000 Appraisal NAP 09/21/2006
69 $19,700,000 Appraisal NAP 07/26/2006
76 $15,110,000 Appraisal NAP 07/27/2006
77 $16,300,000 Appraisal NAP 09/15/2006
78 $14,700,000 Appraisal NAP 09/29/2006
79 $14,450,000 Appraisal NAP 09/27/2006
81 $18,600,000 Appraisal NAP 11/01/2006
$13,430,000
84 $6,050,000 Appraisal NAP 08/16/2006
85 $5,530,000 Appraisal NAP 08/16/2006
86 $1,850,000 Appraisal NAP 08/16/2006
87 $13,680,000 Appraisal NAP 09/05/2006
89 $13,200,000 Appraisal NAP 09/11/2006
$16,500,000
93 $3,430,000 Appraisal NAP 10/10/2006
94 $3,250,000 Appraisal NAP 10/11/2006
95 $2,510,000 Appraisal NAP 10/10/2006
96 $2,370,000 Appraisal NAP 10/10/2006
97 $1,920,000 Appraisal NAP 10/10/2006
98 $1,730,000 Appraisal NAP 10/10/2006
99 $1,290,000 Appraisal NAP 10/11/2006
102 $12,400,000 Appraisal NAP 09/26/2006
104 $11,250,000 Appraisal NAP 08/02/2006
105 $11,570,000 Appraisal NAP 07/27/2006
$11,700,000
106 $6,800,000 Appraisal NAP 07/07/2006
107 $4,900,000 Appraisal NAP 07/07/2006
108 $11,400,000 Appraisal NAP 07/27/2006
110 $6,000,000 Appraisal NAP 08/24/2006
111 $4,850,000 Appraisal NAP 08/24/2006
113 $11,000,000 Appraisal NAP 08/25/2006
114 $15,600,000 Appraisal NAP 09/28/2006
116 $9,970,000 Appraisal NAP 07/27/2007
120 $9,475,000 Appraisal NAP 08/24/2006
121 $9,700,000 Appraisal NAP 09/02/2006
126 $21,800,000 Appraisal NAP 09/16/2006
127 $9,600,000 Appraisal NAP 07/07/2006
129 $8,800,000 Appraisal NAP 06/06/2006
134 $8,950,000 Appraisal NAP 05/30/2006
135 $8,300,000 Appraisal NAP 09/27/2006
137 $9,350,000 Appraisal NAP 01/30/2006
139 $8,500,000 Appraisal NAP 07/21/2006
140 $8,150,000 Appraisal NAP 10/02/2006
143 $11,500,000 Appraisal NAP 10/03/2006
145 $7,840,000 Appraisal NAP 06/23/2006
146 $7,760,000 Appraisal NAP 10/18/2006
148 $9,500,000 Appraisal NAP 09/15/2006
149 $8,380,000 Appraisal NAP 08/23/2006
150 $7,350,000 Appraisal NAP 09/26/2006
151 $7,450,000 Appraisal NAP 08/15/2006
153 $8,460,000 Appraisal NAP 09/19/2006
158 $7,000,000 Appraisal NAP 10/02/2006
160 $7,300,000 Appraisal NAP 09/26/2006
161 $7,000,000 Appraisal NAP 07/06/2006
162 $8,200,000 Appraisal NAP 06/19/2006
165 $7,350,000 Appraisal NAP 09/08/2006
171 $6,550,000 Appraisal NAP 08/08/2006
176 $6,400,000 Appraisal NAP 07/20/2006
$6,360,000
179 $4,600,000 Appraisal NAP 09/21/2006
180 $1,760,000 Appraisal NAP 09/21/2006
181 $5,900,000 Appraisal NAP 09/16/2006
184 $5,800,000 Appraisal NAP 09/13/2006
188 $5,600,000 Appraisal NAP 10/04/2006
190 $5,425,000 Appraisal NAP 10/16/2006
195 $5,300,000 Appraisal NAP 06/28/2006
196 $5,250,000 Appraisal NAP 09/21/2006
200 $6,800,000 Appraisal NAP 08/15/2006
201 $5,790,000 Appraisal NAP 09/26/2006
204 $5,400,000 Appraisal NAP 08/04/2006
205 $5,100,000 Appraisal NAP 09/01/2006
208 $6,100,000 Appraisal NAP 08/16/2006
$4,790,000
210 $1,750,000 Appraisal NAP 09/22/2006
211 $1,530,000 Appraisal NAP 09/22/2006
212 $850,000 Appraisal NAP 09/22/2006
213 $660,000 Appraisal NAP 09/22/2006
215 $4,660,000 Appraisal NAP 09/19/2006
219 $8,390,000 Appraisal NAP 09/19/2006
$5,050,000
222 $2,200,000 Appraisal NAP 08/11/2006
223 $1,500,000 Appraisal NAP 08/11/2006
224 $1,350,000 Appraisal NAP 08/11/2006
226 $5,050,000 Appraisal NAP 06/07/2006
227 $5,500,000 Appraisal NAP 08/11/2006
229 $4,800,000 Appraisal NAP 06/07/2006
230 $5,400,000 Appraisal NAP 07/06/2006
231 $7,600,000 Appraisal NAP 05/22/2006
232 $4,160,000 Appraisal NAP 08/29/2006
233 $5,050,000 Appraisal NAP 10/10/2006
234 $4,000,000 Appraisal NAP 08/07/2006
235 $4,340,000 Appraisal NAP 08/02/2006
236 $4,250,000 Appraisal NAP 08/02/2006
237 $4,250,000 Appraisal NAP 10/03/2006
238 $3,920,000 Appraisal NAP 09/28/2006
239 $4,300,000 Appraisal NAP 08/02/2006
240 $5,420,000 Appraisal NAP 08/14/2006
242 $4,000,000 Appraisal NAP 07/10/2006
243 $5,100,000 Appraisal NAP 08/17/2006
245 $3,670,000 Appraisal NAP 09/26/2006
246 $3,550,000 Appraisal NAP 06/09/2006
248 $3,850,000 Appraisal NAP 10/19/2006
249 $3,920,000 Appraisal NAP 09/06/2006
251 $3,740,000 Appraisal NAP 09/21/2006
252 $3,850,000 Appraisal NAP 10/03/2006
253 $3,630,000 Appraisal NAP 10/02/2006
254 $4,000,000 Appraisal NAP 09/22/2006
255 $5,310,000 Appraisal NAP 08/29/2006
256 $3,600,000 Appraisal NAP 09/18/2006
257 $3,200,000 Appraisal NAP 09/14/2006
258 $3,380,000 Appraisal NAP 05/22/2006
260 $3,400,000 Appraisal NAP 09/06/2006
261 $3,400,000 Appraisal NAP 10/02/2006
262 $3,575,000 Appraisal NAP 08/09/2006
263 $3,560,000 Appraisal NAP 09/14/2006
264 $3,350,000 Appraisal NAP 10/02/2006
265 $3,150,000 Appraisal NAP 08/22/2006
270 $3,280,000 Appraisal NAP 09/12/2006
271 $3,000,000 Appraisal NAP 09/08/2006
$4,220,000
274 $2,890,000 Appraisal NAP 10/10/2006
275 $1,330,000 Appraisal NAP 10/10/2006
276 $4,010,000 Appraisal NAP 09/26/2006
277 $3,000,000 Appraisal NAP 08/23/2006
278 $2,920,000 Appraisal NAP 09/08/2006
280 $2,800,000 Appraisal NAP 09/05/2006
281 $2,800,000 Appraisal NAP 09/21/2006
282 $3,565,000 Appraisal NAP 07/01/2006
283 $3,100,000 Appraisal NAP 09/06/2006
284 $3,000,000 Appraisal NAP 09/05/2006
285 $2,800,000 Appraisal NAP 09/05/2006
288 $2,430,000 Appraisal NAP 09/21/2006
289 $2,600,000 Appraisal NAP 09/07/2006
290 $2,500,000 Appraisal NAP 09/26/2006
292 $2,275,000 Appraisal NAP 08/09/2006
294 $2,200,000 Appraisal NAP 11/23/2005
296 $2,100,000 Appraisal NAP 09/09/2006
297 $2,060,000 Appraisal NAP 08/09/2006
298 $2,370,000 Appraisal NAP 09/11/2006
299 $2,700,000 Appraisal NAP 02/23/2006
300 $3,360,000 Appraisal NAP 09/05/2006
302 $4,000,000 Appraisal NAP 08/28/2006
303 $1,950,000 Appraisal NAP 09/15/2006
304 $2,100,000 Appraisal NAP 09/18/2006
305 $1,950,000 Appraisal NAP 08/23/2006
308 $1,800,000 Appraisal NAP 07/27/2006
$1,610,000
309 $810,000 Appraisal NAP 08/23/2006
310 $800,000 Appraisal NAP 08/23/2006
311 $1,600,000 Appraisal NAP 08/04/2006
312 $1,590,000 Appraisal NAP 07/28/2006
313 $1,700,000 Appraisal NAP 08/16/2006
314 $1,430,000 Appraisal NAP 08/24/2006
315 $1,665,000 Appraisal NAP 09/11/2006
316 $1,500,000 Appraisal NAP 10/02/2006
317 $1,350,000 Appraisal NAP 08/25/2006
318 $1,660,000 Appraisal NAP 09/27/2006
Mortgage Loan No. Largest Tenant(12) Lease Expiration Date % NSF
----------------- -------------------------------------------------- --------------------- -----
1 Level 3 Communications 09/30/2014 68.6%
2 Brook Furniture 06/30/2008 20.5%
3 Applied Materials 02/28/2007 47.0%
4 Keeco 12/31/2012 60.8%
5 Electrical Insulation 11/30/2008 15.0%
6 Value Outsourcing 12/31/2013 12.7%
7 Cellsite Industries 12/31/2009 26.8%
8 Kosan Biosciences, Inc. 02/28/2013 34.4%
9 Gen 3 Solar Inc 08/31/2011 19.0%
10 Regal Plastics & Supply 08/31/2008 11.2%
11 New Concepts, Inc. 09/30/2010 10.1%
12 Unified Western Grocers 01/31/2008 78.1%
13 Kosan Biosciences, Inc. 02/29/2008 59.4%
14 Andevices, Inc 09/30/2007 23.6%
15 Valley Relocation and Storage 01/31/2011 100.0%
16 Contract Office Group 08/31/2007 100.0%
17 McCollister's Moving 07/31/2012 33.7%
18 Okidata Americas, Inc. 07/31/2007 69.7%
19 HSQ Technologies 10/31/2007 28.7%
20 Emser Tile, L.L.C. 11/30/2008 11.1%
21 GES Exposition Services 11/30/2010 100.0%
22 Quartz International 12/31/2008 67.3%
23 The Xxxx Xxxxxx Company 03/31/2007 21.9%
24 DB Design Group, Inc. 04/30/2008 38.5%
30 XxXxxxxx & English, LLP 02/29/2008 45.0%
32 Bank Hapoalim, B.M. 04/30/2015 9.2%
35 Xxxxxxx Petroleum Co 10/31/2010 22.0%
38 Xxxxxxx Education, Inc. 06/14/2020 100.0%
40 RCG Indiana 06/01/2007 9.1%
41 Safeway Steel Products, Inc. 03/31/2018 37.4%
49 NAP NAP NAP
52 DSHS, State of Washington 03/31/2016 77.6%
53 DSHS, State of Washington 05/31/2009 100.0%
54 Fransciscan Health System 08/14/2014 100.0%
55 DSHS, State of Washington 11/30/2008 100.0%
56 State of Washington (Employment Security Division) 07/31/2010 39.1%
57 DSHS, State of Washington 10/31/2013 100.0%
61 NAP NAP NAP
63 NAP NAP NAP
64 Giant Eagle 06/30/2026 82.7%
65 NAP NAP NAP
66 Xxxxxx Foundation Health Plan 05/31/2011 20.2%
68 Vitas Healthcare Corp. of Ohio 09/30/2011 10.4%
69 Rochester Gas & Electric 11/30/2013 64.3%
76 NAP NAP NAP
77 Deposition Sciences, Inc. 02/27/2016 100.0%
78 Xxxxxxx Furniture 09/30/2016 26.9%
79 Thomson Legal & Regulatory, Inc. 10/31/2015 58.0%
81 NAP NAP NAP
84 NAP NAP NAP
85 NAP NAP NAP
86 NAP NAP NAP
87 KDA 05/31/2016 12.6%
89 Patrol One 10/31/2007 6.3%
93 NAP NAP NAP
94 NAP NAP NAP
95 NAP NAP NAP
96 NAP NAP NAP
97 NAP NAP NAP
98 NAP NAP NAP
99 NAP NAP NAP
102 CSK Auto Inc. 01/31/2010 16.4%
104 NAP NAP NAP
105 NAP NAP NAP
106 NAP NAP NAP
107 NAP NAP NAP
108 NAP NAP NAP
110 InterMed 10/31/2008 67.2%
111 Orthopaedic Associates 10/31/2015 100.0%
113 American Skiing 12/31/2006 22.8%
114 NAP NAP NAP
116 NAP NAP NAP
120 Xxxxxx'x Auto 02/28/2007 18.2%
121 Cingular Wireless 08/31/2010 24.1%
126 Xxxxxxx Sonoma 01/01/2010 9.6%
127 NAP NAP NAP
129 NAP NAP NAP
000 Xxx Xxxxxx Foods 06/30/2015 100.0%
135 X'Xxxx Inc 12/01/2016 69.4%
137 Atlanta Bread Cafe 09/30/2016 15.5%
139 NAP NAP NAP
140 Dollar Tree 04/01/2010 24.3%
143 CPC Restaurants, Inc. (Chicago Pizza) 08/31/2010 10.3%
145 CapMar 09/30/2011 23.2%
146 Naval Sea System Command 09/16/2012 52.3%
000 Xxxxxxxxx Xxxxx, Inc 11/04/2018 34.0%
149 NAP NAP NAP
150 NAP NAP NAP
151 NAP NAP NAP
153 NAP NAP NAP
158 NAP NAP NAP
160 NAP NAP NAP
161 Lowe's 12/12/2023 100.0%
162 NAP NAP NAP
165 State of Hawaii, DAGS 09/30/2010 14.1%
171 Xxxxxxxxxx Grocery Co. 08/28/2017 76.1%
176 NAP NAP NAP
179 NAP NAP NAP
180 NAP NAP NAP
181 Asian Buffet 11/30/2009 21.0%
184 OSF Healthcare 04/01/2007 59.0%
188 NAP NAP NAP
190 The Landmark Design Group 05/31/2009 33.6%
195 NAP NAP NAP
196 NAP NAP NAP
200 CallWave 07/31/2010 86.7%
201 BEL, Inc. Forest Grove Health and Fitness 05/31/2014 41.9%
204 Florida Legacy Allstars MTM 8.4%
000 XXX Real Estate Team 07/31/2016 35.1%
208 NAP NAP NAP
210 NAP NAP NAP
211 NAP NAP NAP
212 NAP NAP NAP
213 NAP NAP NAP
215 NAP NAP NAP
219 NAP NAP NAP
222 Top Shoes, Inc. 07/31/2007 28.9%
223 Chinese Pavillion Hunan Restaurant 12/31/2006 24.3%
224 Xxxxx Restauants Inc 12/31/2010 41.7%
226 NAP NAP NAP
227 Solvang Antique Center 05/01/2009 35.7%
229 Xxxxxx & King (Applebees) 04/30/2011 32.9%
230 NAP NAP NAP
231 Ocala Carpet & Tile MTM 6.3%
232 NAP NAP NAP
233 Mattress Store 07/31/2010 35.0%
234 Xxxxxx Development - Columbia St. Mary's Hospital 04/30/2011 33.0%
235 NAP NAP NAP
236 AC Fitness 11/18/2012 35.9%
237 Michaels 02/28/2017 100.0%
238 FES Distribution, LLC 08/31/2007 27.0%
239 NAP NAP NAP
240 NAP NAP NAP
242 NAP NAP NAP
243 Family Dollar 06/30/2015 38.6%
245 NAP NAP NAP
246 NAP NAP NAP
248 NAP NAP NAP
000 Xxxxxx Xxxxxxxxx Xxxxxx 08/31/2010 21.3%
251 AL HMA Phys. Mgt, Inc 01/31/2014 69.0%
252 Fedex Ground Packaging System, Inc. 07/19/2016 100.0%
253 CVS 06/30/2019 100.0%
254 Bed Pro 01/31/2011 26.7%
255 Walgreen Co. 04/01/2081 100.0%
256 TGW-Ermanco Inc. 09/30/2013 100.0%
257 PS Finishing, Inc. 03/31/2007 22.7%
000 Xxxxxxxx Xxxxxx 09/30/2008 50.1%
260 Stop N Save 03/31/2011 36.6%
261 CVS 11/30/2019 100.0%
262 Xxxxxxx 10/31/2016 39.6%
263 WV Department of Tourism 12/14/2011 69.5%
264 CVS 11/30/2019 100.0%
265 NAP NAP NAP
270 Continental Title, LLC 11/30/2010 24.7%
271 NAP NAP NAP
274 NAP NAP NAP
275 NAP NAP NAP
276 NAP NAP NAP
277 Dollar Tree 11/30/2011 45.8%
278 Dental Care Partners 01/31/2014 55.1%
280 Buffet City 07/31/2013 29.6%
281 NAP NAP NAP
282 NAP NAP NAP
283 NAP NAP NAP
284 Gym Day Corporation 06/30/2010 44.6%
285 NAP NAP NAP
288 NAP NAP NAP
289 Dunwoody Imaging 07/31/2011 15.1%
290 NAP NAP NAP
292 NAP NAP NAP
294 NAP NAP NAP
296 Radio Shack 06/30/2007 20.7%
297 Movie Gallery 10/30/2010 24.6%
298 Managed Market Resources, LLC 11/30/2012 32.8%
299 Sunbelt Rentals 01/15/2024 100.0%
300 Starbucks 07/31/2015 25.3%
302 NAP NAP NAP
303 Fred's 08/31/2010 45.3%
304 NAP NAP NAP
305 State Beauty Supply 06/30/2011 18.3%
308 Speedy Cash 09/30/2010 55.0%
309 NAP NAP NAP
310 NAP NAP NAP
311 NAP NAP NAP
312 518 Sports Bar 10/31/2009 36.1%
313 Alamo Stamping and Engraving 01/31/2011 40.6%
314 NAP NAP NAP
315 Shoe Show of Rocky Mount 03/31/2011 49.6%
316 NAP NAP NAP
317 Cingular 12/31/2009 41.7%
318 NAP NAP NAP
Mortgage Loan No. Second Largest Tenant(13) Lease Expiration Date % NSF
----------------- ------------------------------------------- --------------------- -----
1 Material in Motion 02/28/2010 16.6%
2 Xxxxxx & Xxxxx, Inc. 12/31/2008 20.5%
3 Cisco Systems 02/29/2008 42.6%
4 EGL Eagle Global Log 10/31/2011 39.2%
5 Finisar Corporation 02/28/2007 13.1%
6 McCollister's Moving 12/31/2006 11.6%
7 Rackable Systems, Inc. 06/30/2009 26.3%
8 Transplantation Tech 06/30/2010 27.3%
9 Gel-Pak, LLC 06/30/2011 13.7%
10 Pacific Insulation 11/30/2006 10.9%
11 Mega Force Corporation 08/31/2009 9.4%
12 Eco Duct, Inc. 03/31/2008 21.9%
13 Creagri, Inc. 02/28/2009 22.0%
14 ABIT Computers 06/30/2011 15.5%
15 NAP NAP NAP
16 NAP NAP NAP
17 Autodesk, Inc. 06/30/2007 26.9%
18 Sears Logistics 01/31/2009 30.3%
19 American Bath Enterprise 02/28/2011 11.9%
20 In a Nutshell, Inc. 10/31/2010 8.1%
21 NAP NAP NAP
22 Highpoint Technology 01/31/2011 32.7%
23 Stew Superior Corporation 02/28/2009 7.9%
24 Xxxxxxx Corporation 01/31/2011 31.1%
30 The Prudential Insurance Company of America 12/31/2014 43.0%
00 Xxxxxxxx Xxxxxxxx Xxxxxx, Inc. 12/31/2013 8.9%
35 Xxxxxxx Infrastructure 05/31/2007 9.5%
38 NAP NAP NAP
40 Charter One Mortgage 10/01/2014 8.9%
41 MRA-The Management Association, Inc. 07/04/2015 24.6%
49 NAP NAP NAP
52 NAP NAP NAP
53 NAP NAP NAP
54 NAP NAP NAP
55 NAP NAP NAP
56 Xxxxxxxx County 05/31/2010 39.1%
57 NAP NAP NAP
61 NAP NAP NAP
63 NAP NAP NAP
64 Goodyear 04/03/2008 5.5%
65 NAP NAP NAP
66 Medical Development Int'l 01/31/2008 15.4%
68 Radiant Research, Inc. 11/30/2016 8.9%
69 AT&T 02/28/2009 12.8%
76 NAP NAP NAP
77 NAP NAP NAP
78 Capel Rugs 07/31/2016 22.8%
00 Xxxxxxx Xxxxx Xxxxxxx, Inc. 08/31/2017 42.0%
81 NAP NAP NAP
84 NAP NAP NAP
85 NAP NAP NAP
86 NAP NAP NAP
87 Vitamin Shoppe 01/19/2015 11.9%
89 Unique Party Rentals 12/31/2008 4.8%
93 NAP NAP NAP
94 NAP NAP NAP
95 NAP NAP NAP
96 NAP NAP NAP
97 NAP NAP NAP
98 NAP NAP NAP
99 NAP NAP NAP
102 True Value Hardware 02/28/2008 16.3%
104 NAP NAP NAP
105 NAP NAP NAP
106 NAP NAP NAP
107 NAP NAP NAP
108 NAP NAP NAP
110 AARP 09/30/2008 14.1%
111 NAP NAP NAP
113 Gateway Offices MTM 19.3%
114 NAP NAP NAP
116 NAP NAP NAP
120 Century 21 - Premiere 05/31/2007 8.2%
000 Xxxxxxx Xxxxx 07/31/2007 20.6%
126 Arrowhead Group 06/30/2008 6.9%
127 NAP NAP NAP
129 NAP NAP NAP
134 NAP NAP NAP
135 South Carolina Steel 04/30/2007 8.6%
137 Remax 09/30/2010 13.3%
139 NAP NAP NAP
140 Shoe Show 06/01/2010 12.2%
143 Dunkin' Donuts 12/31/2010 10.1%
145 Surgical Specialists 01/31/2012 17.1%
146 Advanced Services, Inc. 02/28/2008 47.7%
148 A Plus Label MTM 10.2%
149 NAP NAP NAP
150 NAP NAP NAP
151 NAP NAP NAP
153 NAP NAP NAP
158 NAP NAP NAP
160 NAP NAP NAP
161 NAP NAP NAP
162 NAP NAP NAP
165 General Service Admin - USDA 09/22/2006 14.0%
171 Movie Gallery 08/31/2008 8.1%
176 NAP NAP NAP
179 NAP NAP NAP
180 NAP NAP NAP
181 Blockbuster Video 02/28/2014 19.3%
184 CBDC 12/31/2008 15.1%
188 NAP NAP NAP
190 Xxxxxxxx, Xxxxxxx & Xxxxxx, PC 10/31/2008 18.2%
195 NAP NAP NAP
196 NAP NAP NAP
200 Amer. Persion 07/31/2011 13.3%
000 Xxxxx Xxxxx Xx Sierra Restaurant, Inc. 04/30/2010 11.4%
204 Syncor International Corporation 06/30/2011 8.3%
205 Meta Payment Systems 07/31/2011 30.1%
208 NAP NAP NAP
210 NAP NAP NAP
211 NAP NAP NAP
212 NAP NAP NAP
213 NAP NAP NAP
215 NAP NAP NAP
219 NAP NAP NAP
222 Xxxx Xxxxx University 10/31/2007 17.8%
000 Xxxxxxxx Stars 08/31/2007 15.3%
224 Xxxxxxx & Co 09/30/2008 16.7%
226 NAP NAP NAP
227 Renaissance 06/01/2009 19.6%
229 Best Mattress 05/31/2011 20.7%
230 NAP NAP NAP
231 Certified Medical System 10/31/2008 6.3%
232 NAP NAP NAP
233 Cactus Taverna 08/31/2009 12.4%
234 Chase Bank 05/31/2007 19.6%
235 NAP NAP NAP
236 Dollar General 10/31/2012 17.6%
237 NAP NAP NAP
238 Restaurant Liquid Services, LLC 11/30/2010 21.9%
239 NAP NAP NAP
240 NAP NAP NAP
242 NAP NAP NAP
243 Central Laundries 05/22/2026 25.2%
245 NAP NAP NAP
246 NAP NAP NAP
248 NAP NAP NAP
249 Credit Guard 08/31/2010 20.1%
251 Couch's Jewelry 05/31/2015 10.8%
252 NAP NAP NAP
253 NAP NAP NAP
254 Mr. Oak. Furniture 05/31/2011 26.7%
255 NAP NAP NAP
256 NAP NAP NAP
257 The Statement Company 10/31/2011 13.6%
258 Vista Care 08/31/2009 33.1%
260 Taqueria 09/30/2006 17.6%
261 NAP NAP NAP
262 Hibbett Sporting 01/31/2010 12.3%
000 Xxxxx xx Xxxx & Xxxxxxxxx, XX 01/31/2007 19.4%
264 NAP NAP NAP
265 NAP NAP NAP
000 Xxxxxxxx Xxxx 05/31/2011 19.8%
271 NAP NAP NAP
274 NAP NAP NAP
275 NAP NAP NAP
276 NAP NAP NAP
277 Anytime Fitness 11/30/2010 18.0%
278 Magic American Products 03/31/2011 10.8%
280 XxXxxxxxx'x Deli 10/12/2016 18.5%
281 NAP NAP NAP
282 NAP NAP NAP
283 NAP NAP NAP
284 Augusta Ranch Animal Hospital 06/08/2015 35.7%
285 NAP NAP NAP
288 NAP NAP NAP
289 Atlanta Children's Therapy 05/31/2007 13.7%
290 NAP NAP NAP
292 NAP NAP NAP
294 NAP NAP NAP
296 Quizno's 10/17/2016 15.9%
297 The Cato Corporation 01/31/2009 22.1%
298 Xxxxxx X. Xxxxx, MD 10/31/2008 11.3%
299 NAP NAP NAP
300 Mastercraft Kitchens 11/30/2010 20.0%
302 NAP NAP NAP
303 Xxxxx'x Outlet 04/30/2011 30.4%
304 NAP NAP NAP
305 Pizza Hut 07/31/2009 16.3%
308 Wireless Toyz 02/28/2011 45.0%
309 NAP NAP NAP
310 NAP NAP NAP
311 NAP NAP NAP
312 The Xxxxxx Dentist, P.C. 04/30/2009 31.7%
313 Ink Spot 12/31/2010 12.7%
314 NAP NAP NAP
315 Alltel 07/31/2011 14.3%
316 NAP NAP NAP
317 Batteries Plus 06/30/2010 38.8%
318 NAP NAP NAP
Mortgage Loan No. Third Largest Tenant(13) Lease Expiration Date % NSF Insurance Escrow in Place
----------------- ------------------------ --------------------- ----- -------------------------
1 Visx, Inc 09/30/2010 8.5% No
2 Tyco Printed Circuit 12/31/2009 12.8% No
3 Qualitau, Inc. 12/31/2006 5.2% No
4 NAP NAP NAP No
5 Commercial Casework 07/31/2009 10.4% No
6 X.X. Xxxxxx Company 10/31/2009 10.0% No
7 Cetecom 10/31/2010 20.4% No
8 AGI Publishing Inc. 12/31/2006 5.1% No
9 Xxxxxxxx - Xxxx, Inc. 02/28/2007 13.3% No
10 Dial-A-Mattress 09/30/2008 7.5% No
11 Valleytek, Inc. 01/31/2009 9.2% No
12 NAP NAP NAP No
13 Plycon Van Lines, Inc. 02/28/2007 11.0% Xx
00 XXX Xxxxxxxxxxxx 10/31/2009 11.1% No
15 NAP NAP NAP No
16 NAP NAP NAP No
17 Cintas Document Management 04/30/2011 9.9% No
18 NAP NAP NAP No
19 Xxxx Xxxxxxxxxx Inc. 07/31/2008 11.3% No
20 Deep Ocean Engineering 02/28/2007 8.1% No
21 NAP NAP NAP No
22 NAP NAP NAP No
23 Phenix Research Prod. 12/31/2006 6.8% No
24 Grandis, Inc. 08/31/2008 30.4% No
30 United Healthcare Services 03/31/2014 6.9% Yes
32 UBS Financial Services Inc.02/28/2014 8.8% Yes
00 Xxx Xxxxx xx Xxxxxxxx 06/30/2015 8.5% Yes
38 NAP NAP NAP No
40 Decision One 06/01/2011 5.8% Yes
41 Xxxxxxx Lynch, Pierce, Fenn12/10/2010 Incorporated 8.7% No
49 NAP NAP NAP Yes
52 NAP NAP NAP Yes
53 NAP NAP NAP Yes
54 NAP NAP NAP Yes
55 NAP NAP NAP Yes
56 DSHS, State of Washington 11/30/2007 21.7% Yes
57 NAP NAP NAP Yes
61 NAP NAP NAP Yes
63 NAP NAP NAP Yes
64 Procare 11/30/2009 3.8% No
65 NAP NAP NAP No
66 Fairfax Radiological Consul12/31/2010 11.6% Yes
68 Black & Veatch Corporation 05/31/2009 6.5% Yes
69 Rochester Gas & Electric 03/31/2007 4.8% No
76 NAP NAP NAP Yes
77 NAP NAP NAP No
78 Golf Galaxy 01/31/2017 22.8% Yes
79 NAP NAP NAP No
81 NAP NAP NAP No
84 NAP NAP NAP Yes
85 NAP NAP NAP Yes
86 NAP NAP NAP Yes
87 Chicago Home Fitness 11/23/2009 10.6% No
89 Moe Toys Corp. 01/31/2007 4.5% No
93 NAP NAP NAP Yes
94 NAP NAP NAP Yes
95 NAP NAP NAP Yes
96 NAP NAP NAP Yes
97 NAP NAP NAP Yes
98 NAP NAP NAP Yes
99 NAP NAP NAP Yes
102 Osuna's Restaurant 04/30/2009 7.0% Yes
104 NAP NAP NAP Yes
105 NAP NAP NAP Yes
106 NAP NAP NAP Yes
107 NAP NAP NAP Yes
108 NAP NAP NAP Yes
110 HealthSouth Corp. 02/14/2012 10.0% Yes
111 NAP NAP NAP Yes
113 Hunter Capital 06/30/2007 7.5% Yes
114 NAP NAP NAP No
116 NAP NAP NAP Yes
120 Home Travel 05/31/2007 8.1% Yes
121 Sea Island Bank 05/31/2011 19.1% No
126 Green Street Restaurant 08/31/2012 6.0% No
127 NAP NAP NAP Yes
129 NAP NAP NAP Yes
134 NAP NAP NAP No
135 Konica Minolta 11/01/2011 8.1% Yes
137 Matress Market 09/30/2010 10.0% Yes
139 NAP NAP NAP Yes
140 El Potrillo Restaurant 06/01/2010 8.1% Yes
143 Amsleep, Inc. (American Mat09/30/2007 7.7% Yes
145 WakeMed 07/31/2013 13.5% Yes
146 NAP NAP NAP Yes
148 Ace Bindery MTM 7.5% Yes
149 NAP NAP NAP Yes
150 NAP NAP NAP Yes
151 NAP NAP NAP Yes
153 NAP NAP NAP Yes
158 NAP NAP NAP Yes
160 NAP NAP NAP Yes
161 NAP NAP NAP No
162 NAP NAP NAP No
165 GYA Architects, Inc 10/31/2010 10.2% Yes
171 Texas Health System 05/31/2007 5.7% Yes
176 NAP NAP NAP Yes
179 NAP NAP NAP Yes
180 NAP NAP NAP Yes
181 Dominos 11/23/2014 5.3% Yes
184 White Oaks 01/31/2007 14.3% Yes
188 NAP NAP NAP Yes
190 Vanasse Hangen Brustlin, In09/30/2009 17.7% Yes
195 NAP NAP NAP Yes
196 NAP NAP NAP Yes
200 NAP NAP NAP Yes
201 LeeAnne Wrenn Tuality Healt03/31/2013 11.3% Yes
204 PEICO, Inc. 09/30/2008 8.3% Yes
205 Dakota Rehabilitation 08/31/2011 14.9% Yes
208 NAP NAP NAP Yes
210 NAP NAP NAP Yes
211 NAP NAP NAP Yes
212 NAP NAP NAP Yes
213 NAP NAP NAP Yes
215 NAP NAP NAP Yes
219 NAP NAP NAP Yes
222 Sport Four, Inc. 02/28/2007 15.7% Yes
223 Partners Jewelry & Loan 03/01/2007 10.2% Yes
224 Subway Real Estate Corp 09/30/2008 16.7% Yes
226 NAP NAP NAP Yes
227 Renaissance 05/01/2008 19.1% No
229 Verizon Portfolio Managemen04/30/2011 16.4% Yes
230 NAP NAP NAP Yes
231 3Z Enterprises, Inc. MTM 5.1% Yes
232 NAP NAP NAP Yes
233 Cactus Taverna 02/28/2008 7.1% Yes
234 Health Care for the Homeles12/31/2008 17.5% Yes
235 NAP NAP NAP Yes
236 Planet Ocean MTM 7.6% Yes
237 NAP NAP NAP Yes
238 Home Medical Systems, Inc 07/01/2010 21.5% Yes
239 NAP NAP NAP Yes
240 NAP NAP NAP No
242 NAP NAP NAP Yes
243 Paleteria Esquimo 11/20/2010 8.7% No
245 NAP NAP NAP Yes
246 NAP NAP NAP Yes
248 NAP NAP NAP Yes
249 Unicorn Health Services 07/31/2008 15.8% Yes
251 Imaging Solutions 12/31/2009 4.8% Yes
252 NAP NAP NAP Yes
253 NAP NAP NAP No
254 Verdecia 06/30/2011 13.3% Yes
255 NAP NAP NAP No
256 NAP NAP NAP No
257 Alaark Robotics, Inc. 05/31/2008 13.5% No
258 West Rehab 08/31/2007 8.4% Yes
260 Subway 09/30/2009 12.5% Yes
261 NAP NAP NAP No
262 Rent A Center 07/31/2010 9.3% Yes
263 Consolidated Public Retirem08/15/2016 6.3% Yes
264 NAP NAP NAP No
265 NAP NAP NAP Yes
270 Nextel 05/31/2010 14.8% Yes
271 NAP NAP NAP Yes
274 NAP NAP NAP Yes
275 NAP NAP NAP Yes
276 NAP NAP NAP Yes
277 Caroline's Treasures 09/30/2010 14.6% Yes
278 R Solutions, LLC 03/31/2009 10.6% Yes
280 Hallmark 02/28/2008 14.8% Yes
281 NAP NAP NAP Yes
282 NAP NAP NAP Yes
283 NAP NAP NAP Yes
284 Venezia's Pizzeria 05/01/2015 19.6% Yes
285 NAP NAP NAP Yes
288 NAP NAP NAP Yes
289 Jerry Nutt, DDS, PC 10/31/2011 13.5% Yes
290 NAP NAP NAP Yes
292 NAP NAP NAP Yes
294 NAP NAP NAP Yes
296 H&H Beverages, Inc. 01/18/2009 15.2% Yes
297 Pizza Hut 07/31/2008 15.0% Yes
298 Integrated Computer Technol08/31/2007 10.2% Yes
299 NAP NAP NAP No
300 Cingular Wireless 01/31/2011 19.2% Yes
302 NAP NAP NAP Yes
303 Dollar Tree 06/30/2011 23.8% Yes
304 NAP NAP NAP Yes
305 Mallard Creek Realty 09/30/2011 15.6% Yes
308 NAP NAP NAP Yes
309 NAP NAP NAP Yes
310 NAP NAP NAP Yes
311 NAP NAP NAP Yes
312 The Finest on Earth, Inc. 07/31/2009 13.2% Yes
313 Taqueria Los Potrillos 01/31/2007 9.0% Yes
314 NAP NAP NAP Yes
315 Ace Cash Express, Inc. 12/10/2011 14.1% Yes
316 NAP NAP NAP Yes
317 Bill Wright Insurance 01/31/2007 19.4% Yes
318 NAP NAP NAP Yes
Mortgage Loan No. Tax Escrow in Place(14) Capital Expenditure Escrow in Place(15) TI/LC Escrow in Place(16)
----------------- ----------------------- --------------------------------------- -------------------------
1 No No No
2 No No No
3 No No No
4 No No No
5 No No No
6 No No No
7 No No No
8 No No No
9 No No No
10 No No No
11 No No No
12 No No No
13 No No No
14 No No No
15 No No No
16 No No No
17 No No No
18 No No No
19 No No No
20 No No No
21 No No No
22 No No No
23 No No No
24 No No No
30 Yes Yes No
32 Yes Yes Yes
35 Yes No No
38 No No No
40 Yes Yes Yes
41 Yes Yes Yes
49 Yes No No
52 Yes No Yes
53 Yes No Yes
54 Yes No Yes
55 Yes No Yes
56 Yes No Yes
57 Yes No Yes
61 Yes Yes No
63 Yes Yes No
64 Yes No No
65 No No No
66 Yes No No
68 Yes Yes Yes
69 No No No
76 Yes Yes No
77 No Yes No
78 Yes Yes No
79 No No No
81 No No No
84 Yes Yes No
85 Yes Yes No
86 Yes Yes No
87 No Yes Yes
89 No No No
93 Yes Yes No
94 Yes Yes No
95 Yes Yes No
96 Yes Yes No
97 Yes Yes No
98 Yes Yes No
99 Yes Yes No
102 Yes Yes Yes
104 Yes Yes No
105 Yes Yes No
106 Yes Yes No
107 Yes Yes No
108 Yes Yes No
110 Yes Yes No
111 Yes Yes No
113 Yes Yes Yes
114 Yes No No
116 Yes Yes No
120 Yes Yes Yes
121 No No No
126 No No No
127 Yes Yes No
129 Yes Yes No
134 No No No
135 Yes Yes No
137 Yes No Yes
139 Yes Yes No
140 Yes No No
143 Yes No No
145 Yes Yes Yes
146 Yes Yes Yes
148 Yes Yes Yes
149 Yes Yes No
150 Yes Yes No
151 Yes Yes No
153 Yes Yes No
158 Yes Yes No
160 Yes Yes No
161 No No No
162 No Yes No
165 Yes Yes Yes
171 Yes No Yes
176 Yes No No
179 Yes Yes No
180 Yes Yes No
181 Yes No Yes
184 Yes Yes Yes
188 Yes Yes No
190 Yes Yes Yes
195 Yes Yes No
196 Yes Yes No
200 Yes Yes Yes
201 Yes Yes Yes
204 Yes Yes Yes
205 Yes Yes Yes
208 Yes Yes No
210 Yes Yes No
211 Yes Yes No
212 Yes Yes No
213 Yes Yes No
215 Yes Yes No
219 Yes Yes No
222 Yes Yes Yes
223 Yes Yes Yes
224 Yes Yes Yes
226 Yes Yes No
227 No No No
229 Yes Yes Yes
230 Yes Yes No
231 Yes No No
232 Yes Yes No
233 Yes No Yes
234 Yes Yes Yes
235 Yes Yes No
236 Yes Yes Yes
237 Yes No No
238 Yes Yes Yes
239 Yes Yes No
240 Yes No No
242 Yes Yes No
243 No No No
245 Yes No No
246 Yes Yes No
248 Yes Yes No
249 Yes Yes Yes
251 Yes Yes Yes
252 Yes Yes Yes
253 Yes No No
254 Yes No No
255 No No No
256 No Yes No
257 Yes Yes Yes
258 Yes Yes Yes
260 Yes Yes Yes
261 Yes No No
262 Yes Yes Yes
263 Yes Yes Yes
264 Yes No No
265 Yes Yes No
270 Yes Yes Yes
271 Yes Yes No
274 Yes Yes No
275 Yes Yes No
276 Yes No No
277 Yes Yes Yes
278 Yes Yes Yes
280 Yes Yes Yes
281 Yes Yes No
282 Yes Yes No
283 Yes Yes No
284 Yes Yes Yes
285 Yes Yes No
288 Yes Yes No
289 Yes Yes Yes
290 Yes No No
292 Yes Yes No
294 Yes Yes No
296 Yes Yes Yes
297 Yes Yes Yes
298 Yes Yes Yes
299 No Yes No
300 Yes Yes Yes
302 Yes No No
303 Yes Yes Yes
304 Yes Yes No
305 Yes Yes Yes
308 Yes Yes Yes
309 Yes Yes No
310 Yes Yes No
311 Yes Yes No
312 Yes Yes Yes
313 Yes No No
314 Yes Yes No
315 Yes Yes Yes
316 Yes Yes No
317 Yes Yes Yes
318 Yes No No
Mortgage Loan No. Other Escrow Description(17)
----------------- -----------------------------------------------------------------------------------
1 NAP
2 NAP
3 NAP
4 NAP
5 NAP
6 NAP
7 NAP
8 NAP
9 NAP
10 NAP
11 NAP
12 NAP
13 NAP
14 NAP
15 NAP
16 NAP
17 NAP
18 NAP
19 NAP
20 NAP
21 NAP
22 NAP
23 NAP
24 NAP
30 McCarter Lease Rollover Funds ($2,168,000), Master Lease Reserve ($615,169)
32 DTG Holdback ($550,020); Sophies, Sky, HG and Knightsbridge TI/LC ($571,650);
Debt Service Holdback ($180,000)
35 NAP
38 NAP
40 NAP
41 NAP
49 NAP
52 NAP
53 NAP
54 NAP
55 NAP
56 NAP
57 NAP
61 NAP
63 NAP
64 Giant Eagle Final CO
65 NAP
66 NAP
68 Capital Improvements Elevator Upgrade ($40,850.00), VITAS Healthcare ($101,973.30),
Retirement Capital ($38,264), Danis Construction ($7,533.52)
69 NAP
76 NAP
77 NAP
78 NAP
79 NAP
81 NAP
84 NAP
85 NAP
86 NAP
87 Free Rent Reserve
89 NAP
93 NAP
94 NAP
95 NAP
96 NAP
97 NAP
98 NAP
99 NAP
102 NAP
104 NAP
105 NAP
106 NAP
107 NAP
108 NAP
110 InterMed Lease Renewal Reserve
111 NAP
113 Lease Up Reserve
114 NAP
116 NAP
120 Winter Real Estate
121 Performance Holdback
126 NAP
127 NAP
129 Security Reserve
134 NAP
135 O'Neal Tenant Improvments Holdback
137 Omni Holdback ($30,117), Big Apple Holdback ($23,120)
139 NAP
140 NAP
143 NAP
145 NAP
146 Lease Termination Reserve
148 NAP
149 NAP
150 NAP
151 NAP
153 NAP
158 NAP
160 NAP
161 NAP
162 NAP
165 Lease Renewal Holdback
171 NAP
176 NAP
179 NAP
180 NAP
181 Security Reserve
184 NAP
188 NAP
190 NAP
195 NAP
196 NAP
200 NAP
201 Lease Up Reserve
204 NAP
205 NAP
208 NAP
210 NAP
211 NAP
212 NAP
213 NAP
215 NAP
219 NAP
222 NAP
223 NAP
224 NAP
226 NAP
227 Rollover TI/LC Reserve
229 Starbucks TI Holdback
230 Ashok Patel Tax Lien
231 Seasonality Reserve
232 NAP
233 NAP
234 NAP
235 NAP
236 NAP
237 NAP
238 NAP
239 NAP
240 NAP
242 NAP
243 NAP
245 NAP
246 NAP
248 NAP
249 Rent Holdback
251 NAP
252 NAP
253 NAP
254 NAP
255 NAP
256 NAP
257 NAP
258 NAP
260 PZR
261 NAP
262 NAP
263 NAP
264 NAP
265 NAP
270 NAP
271 Occupancy Holdback until property is 90% occupied
274 NAP
275 NAP
276 NAP
277 NAP
278 Performance Holdback
280 NAP
281 NAP
282 NAP
283 NAP
284 NAP
285 TI/ Leasing Commission Holdback
288 NAP
289 NAP
290 NAP
292 NAP
294 NAP
296 NAP
297 NAP
298 NAP
299 NAP
300 NAP
302 NAP
303 NAP
304 NAP
305 NAP
308 NAP
309 NAP
310 NAP
311 NAP
312 NAP
313 NAP
314 NAP
315 NAP
316 NAP
317 NAP
318 NAP
Mortgage Loan No. Springing Escrow Description(18) Initial Capital Expenditure Escrow Requirement(19)
----------------- ------------------------------------ --------------------------------------------------
1 Tax, Insurance, Cap Ex, TI/LC $0
2 Tax, Insurance, Cap Ex, TI/LC $0
3 Tax, Insurance, Cap Ex, TI/LC $0
4 Tax, Insurance, Cap Ex, TI/LC $0
5 Tax, Insurance, Cap Ex, TI/LC $0
6 Tax, Insurance, Cap Ex, TI/LC $0
7 Tax, Insurance, Cap Ex, TI/LC $0
8 Tax, Insurance, Cap Ex, TI/LC $0
9 Tax, Insurance, Cap Ex, TI/LC $0
10 Tax, Insurance, Cap Ex, TI/LC $0
11 Tax, Insurance, Cap Ex, TI/LC $0
12 Tax, Insurance, Cap Ex, TI/LC $0
13 Tax, Insurance, Cap Ex, TI/LC $0
14 Tax, Insurance, Cap Ex, TI/LC $0
15 Tax, Insurance, Cap Ex, TI/LC $0
16 Tax, Insurance, Cap Ex, TI/LC $0
17 Tax, Insurance, Cap Ex, TI/LC $0
18 Tax, Insurance, Cap Ex, TI/LC $0
19 Tax, Insurance, Cap Ex, TI/LC $0
20 Tax, Insurance, Cap Ex, TI/LC $0
21 Tax, Insurance, Cap Ex, TI/LC $0
22 Tax, Insurance, Cap Ex, TI/LC $0
23 Tax, Insurance, Cap Ex, TI/LC $0
24 Tax, Insurance, Cap Ex, TI/LC $0
30 Other $0
32 TI/LC $100,000
35 Cap Ex, TI/LC $0
38 Tax, Insurance, Cap Ex $0
40 TI/LC $0
41 Insurance $0
49 Cap Ex $0
52 NAP $0
53 NAP $0
54 NAP $0
55 NAP $0
56 NAP $0
57 NAP $0
61 NAP $0
63 NAP $364,000
64 Insurance, Cap Ex, TI/LC, Other $0
65 Tax, Insurance, Cap Ex, Other $0
66 Cap Ex, TI/LC $0
68 NAP $0
69 Tax, Insurance, Cap Ex, TI/LC $0
76 NAP $0
77 Tax, Insurance, TI/LC $0
78 TI/LC $0
79 Tax, Insurance, Cap Ex, TI/LC, Other $0
81 Tax, Insurance, Cap Ex $0
84 NAP $33,623
85 NAP $30,261
86 NAP $10,367
87 Tax, Insurance $14,500
89 Tax, Insurance, Cap Ex, TI/LC $0
93 NAP $0
94 NAP $0
95 NAP $0
96 NAP $0
97 NAP $0
98 NAP $0
99 NAP $0
102 NAP $0
104 NAP $0
105 NAP $0
106 NAP $0
107 NAP $0
108 NAP $0
110 TI/LC, Other $0
111 TI/LC $0
113 NAP $0
114 Insurance, Cap Ex $0
116 NAP $0
120 NAP $0
121 Tax, Insurance, Cap Ex, TI/LC $0
126 Tax, Insurance, Cap Ex, TI/LC $0
127 NAP $0
129 NAP $0
134 Tax, Insurance, Cap Ex $0
135 TI/LC $0
137 Cap Ex $0
139 NAP $0
140 Cap Ex, TI/LC $0
143 Cap Ex, TI/LC $0
145 NAP $0
146 Other $0
148 NAP $0
149 NAP $0
150 NAP $0
151 NAP $0
153 NAP $0
158 NAP $0
160 NAP $0
161 Tax, Insurance $0
162 Tax, Insurance $0
165 NAP $0
171 Other $0
176 Cap Ex $0
179 NAP $0
180 NAP $0
181 Cap Ex $0
184 NAP $0
188 NAP $0
190 Other $0
195 NAP $0
196 NAP $0
200 Other $0
201 Other $0
204 NAP $0
205 NAP $0
208 NAP $0
210 NAP $0
211 NAP $0
212 NAP $0
213 NAP $0
215 NAP $0
219 NAP $0
222 NAP $0
223 NAP $0
224 NAP $0
226 NAP $0
227 Tax, Insurance, Cap Ex, TI/LC $0
229 NAP $0
230 NAP $0
231 Cap Ex, TI/LC $0
232 NAP $0
233 Cap Ex $0
234 TI/LC $8,800
235 NAP $0
236 NAP $0
237 Cap Ex, TI/LC, Other $0
238 NAP $0
239 NAP $0
240 Insurance, Cap Ex $0
242 NAP $0
243 Tax, Insurance, Cap Ex, TI/LC $0
245 Cap Ex $0
246 NAP $28,000
248 NAP $0
249 NAP $0
251 NAP $0
252 NAP $0
253 Cap Ex, TI/LC $0
254 Cap Ex, TI/LC $0
255 Tax, Insurance, Cap Ex $0
256 Tax, Insurance, TI/LC $0
257 Insurance $0
258 NAP $0
260 NAP $0
261 Cap Ex, TI/LC $0
262 NAP $0
263 Other $0
264 Cap Ex, TI/LC $0
265 NAP $0
270 NAP $0
271 NAP $0
274 NAP $0
275 NAP $0
276 Cap Ex $0
277 NAP $0
278 NAP $0
280 NAP $0
281 NAP $0
282 NAP $0
283 NAP $0
284 NAP $0
285 NAP $0
288 NAP $0
289 NAP $0
290 Cap Ex $0
292 NAP $0
294 NAP $0
296 NAP $0
297 NAP $0
298 NAP $0
299 Tax, Insurance, TI/LC $0
300 NAP $0
302 Cap Ex $0
303 TI/LC $30,000
304 NAP $0
305 NAP $0
308 Other $0
309 NAP $0
310 NAP $0
311 NAP $0
312 NAP $0
313 Cap Ex $0
314 NAP $0
315 NAP $0
316 NAP $0
317 NAP $0
318 Cap Ex $0
Mortgage Loan No. Monthly Capital Expenditure Escrow Requirement(20) Current Capital Expenditure Escrow Balance(21)
----------------- -------------------------------------------------- ----------------------------------------------
1 $0 $0
2 $0 $0
3 $0 $0
4 $0 $0
5 $0 $0
6 $0 $0
7 $0 $0
8 $0 $0
9 $0 $0
10 $0 $0
11 $0 $0
12 $0 $0
13 $0 $0
14 $0 $0
15 $0 $0
16 $0 $0
17 $0 $0
18 $0 $0
19 $0 $0
20 $0 $0
21 $0 $0
22 $0 $0
23 $0 $0
24 $0 $0
30 $5,262 $0
32 $1,783 $100,000
35 $0 $0
38 $0 $0
40 $5,086 $0
41 $2,982 $2,982
49 $0 $0
52 $709 $2,128
53 $585 $1,754
54 $443 $1,330
55 $322 $965
56 $273 $818
57 $205 $614
61 $5,600 $5,600
63 $230 $364,460
64 $0 $0
65 $0 $0
66 $0 $0
68 $2,948 $0
69 $0 $0
76 $8,167 $16,333
77 $1,198 $0
78 $767 $0
79 $0 $0
81 $0 $0
84 $2,802 $33,623
85 $2,522 $30,261
86 $864 $10,367
87 $402 $0
89 $0 $0
93 $351 $0
94 $332 $0
95 $257 $0
96 $242 $0
97 $196 $0
98 $177 $0
99 $132 $0
102 $496 $0
104 $4,976 $4,976
105 $4,736 $9,471
106 $40,886 $4,323
107 $29,462 $3,115
108 $5,333 $10,667
110 $626 $0
111 $361 $0
113 $698 $698
114 $0 $0
116 $3,456 $6,912
120 $1,136 $1,136
121 $0 $0
126 $0 $0
127 $8,702 $8,702
129 $604 $604
134 $0 $0
135 $960 $0
137 $0 $0
139 $2,304 $0
140 $0 $0
143 $0 $0
145 $680 $1,359
146 $1,525 $0
148 $951 $951
149 $1,167 $1,167
150 $3,167 $0
151 $1,151 $0
153 $948 $948
158 $2,200 $0
160 $3,667 $0
161 $0 $0
162 $2,085 $2,085
165 $375 $0
171 $0 $993
176 $0 $0
179 $798 $1,375
180 $314 $597
181 $0 $0
184 $583 $0
188 $1,087 $0
190 $763 $0
195 $2,246 $2,246
196 $2,750 $2,750
200 $301 $301
201 $442 $0
204 $961 $961
205 $753 $753
208 $5,672 $0
210 $723 $723
211 $632 $632
212 $351 $351
213 $273 $273
215 $3,354 $3,354
219 $1,036 $1,036
222 $359 $0
223 $245 $0
224 $220 $0
226 $2,833 $2,833
227 $0 $0
229 $224 $224
230 $5,014 $5,014
231 $0 $0
232 $514 $514
233 $0 $0
234 $1,027 $8,800
235 $2,021 $2,021
236 $534 $534
237 $0 $0
238 $696 $696
239 $556 $1,112
240 $0 $0
242 $1,250 $1,250
243 $0 $0
245 $0 $0
246 $2,333 $28,000
248 $1,200 $0
249 $261 $522
251 $266 $0
252 $373 $373
253 $0 $0
254 $0 $0
255 $0 $0
256 $1,172 $0
257 $865 $0
258 $250 $0
260 $104 $104
261 $0 $0
262 $568 $568
263 $948 $948
264 $0 $0
265 $1,016 $1,016
270 $164 $164
271 $501 $501
274 $434 $0
275 $170 $0
276 $0 $0
277 $243 $243
278 $440 $0
280 $253 $253
281 $551 $551
282 $794 $794
283 $443 $443
284 $112 $112
285 $508 $508
288 $674 $674
289 $349 $349
290 $0 $0
292 $250 $0
294 $875 $4,375
296 $127 $0
297 $1,027 $1,027
298 $342 $342
299 $125 $125
300 $74 $0
302 $0 $0
303 $515 $0
304 $483 $483
305 $138 $138
308 $68 $68
309 $240 $480
310 $237 $474
311 $792 $792
312 $120 $120
313 $0 $0
314 $380 $380
315 $126 $0
316 $321 $321
317 $64 $0
318 $0 $0
Mortgage Loan No. Initial TI/LC Escrow Requirement(22) Monthly TI/LC Escrow Requirement(23) Current TI/LC Escrow Balance(24)
----------------- ------------------------------------ ------------------------------------ --------------------------------
1 $0 $0 $0
2 $0 $0 $0
3 $0 $0 $0
4 $0 $0 $0
5 $0 $0 $0
6 $0 $0 $0
7 $0 $0 $0
8 $0 $0 $0
9 $0 $0 $0
10 $0 $0 $0
11 $0 $0 $0
12 $0 $0 $0
13 $0 $0 $0
14 $0 $0 $0
15 $0 $0 $0
16 $0 $0 $0
17 $0 $0 $0
18 $0 $0 $0
19 $0 $0 $0
20 $0 $0 $0
21 $0 $0 $0
22 $0 $0 $0
23 $0 $0 $0
24 $0 $0 $0
30 $0 $0 $0
32 $1,000,000 $0 $1,000,000
35 $0 $0 $0
38 $0 $0 $0
40 $2,250,000 $0 $0
41 $0 $11,607 $11,607
49 $0 $0 $0
52 $83,903 $502 $83,903
53 $69,151 $414 $69,151
54 $52,439 $314 $52,439
55 $38,033 $228 $38,033
56 $32,270 $193 $32,270
57 $24,203 $145 $24,203
61 $0 $0 $0
63 $0 $0 $0
64 $0 $0 $0
65 $0 $0 $0
66 $0 $0 $0
68 $850,000 $9,574 $0
69 $0 $0 $0
76 $0 $0 $0
77 $0 $0 $0
78 $0 $0 $0
79 $0 $0 $0
81 $0 $0 $0
84 $0 $0 $0
85 $0 $0 $0
86 $0 $0 $0
87 $96,400 $2,670 $0
89 $0 $0 $0
93 $0 $0 $0
94 $0 $0 $0
95 $0 $0 $0
96 $0 $0 $0
97 $0 $0 $0
98 $0 $0 $0
99 $0 $0 $0
102 $59,550 $2,481 $0
104 $0 $0 $0
105 $0 $0 $0
106 $0 $0 $0
107 $0 $0 $0
108 $0 $0 $0
110 $0 $0 $0
111 $0 $0 $0
113 $0 $3,492 $3,492
114 $0 $0 $0
116 $0 $0 $0
120 $40,000 $2,815 $40,000
121 $0 $0 $0
126 $0 $0 $0
127 $0 $0 $0
129 $0 $0 $0
134 $0 $0 $0
135 $0 $0 $0
137 $100,000 $2,171 $102,171
139 $0 $0 $0
140 $0 $0 $0
143 $0 $0 $0
145 $0 $2,042 $4,084
146 $0 $4,959 $0
148 $0 $2,955 $2,955
149 $0 $0 $0
150 $0 $0 $0
151 $0 $0 $0
153 $0 $0 $0
158 $0 $0 $0
160 $0 $0 $0
161 $0 $0 $0
162 $0 $0 $0
165 $0 $2,499 $0
171 $0 $833 $2,107
176 $0 $0 $0
179 $0 $0 $0
180 $0 $0 $0
181 $0 $1,408 $0
184 $75,000 $1,950 $0
188 $0 $0 $0
190 $0 $3,094 $0
195 $0 $0 $0
196 $0 $0 $0
200 $0 $1,874 $1,874
201 $0 $2,262 $0
204 $75,000 $3,558 $78,558
205 $0 $2,635 $2,635
208 $0 $0 $0
210 $0 $0 $0
211 $0 $0 $0
212 $0 $0 $0
213 $0 $0 $0
215 $0 $0 $0
219 $0 $0 $0
222 $0 $1,380 $0
223 $0 $941 $0
224 $0 $847 $0
226 $0 $0 $0
227 $0 $0 $0
229 $0 $955 $955
230 $0 $0 $0
231 $0 $0 $0
232 $0 $0 $0
233 $45,000 $1,352 $0
234 $27,850 $0 $27,850
235 $0 $0 $0
236 $0 $1,845 $1,845
237 $0 $0 $0
238 $0 $1,346 $1,346
239 $0 $0 $0
240 $0 $0 $0
242 $0 $0 $0
243 $0 $0 $0
245 $0 $0 $0
246 $0 $0 $0
248 $0 $0 $0
249 $0 $1,251 $2,501
251 $0 $1,036 $0
252 $0 $576 $576
253 $0 $0 $0
254 $0 $0 $0
255 $0 $0 $0
256 $0 $0 $0
257 $55,000 LOC $2,285 $0
258 $0 $1,337 $0
260 $0 $346 $346
261 $0 $0 $0
262 $0 $1,701 $1,701
263 $0 $1,896 $1,896
264 $0 $0 $0
265 $0 $0 $0
270 $0 $1,035 $1,035
271 $0 $0 $0
274 $0 $0 $0
275 $0 $0 $0
276 $0 $0 $0
277 $34,000 $955 $955
278 $0 $1,616 $0
280 $0 $835 $835
281 $0 $0 $0
282 $0 $0 $0
283 $0 $0 $0
284 $0 $677 $677
285 $0 $0 $0
288 $0 $0 $0
289 $0 $933 $933
290 $0 $0 $0
292 $0 $0 $0
294 $0 $0 $0
296 $0 $806 $0
297 $0 $2,321 $2,321
298 $0 $1,029 $1,029
299 $0 $0 $0
300 $0 $1,041 $0
302 $0 $0 $0
303 $90,000 $0 $0
304 $0 $0 $0
305 $0 $616 $616
308 $20,000 $424 $20,424
309 $0 $0 $0
310 $0 $0 $0
311 $0 $0 $0
312 $0 $525 $525
313 $0 $0 $0
314 $0 $0 $0
315 $0 $584 $0
316 $0 $0 $0
317 $0 $348 $0
318 $0 $0 $0
Prepayment Code(26)
Mortgage --------------------------------------------------------
Loan No. Environmental Insurance Interest Accrual Method Seasoning(25) LO DEF DEF/YM1 YM1 YM2 YM 5% 4% 3% 2% 1% Open
-------- ----------------------- ----------------------- ------------- -- --- ------- --- --- -- -- -- -- -- -- ----
24 89 7
1 No Actual/360 0 24 89 7
2 No Actual/360 0 24 89 7
3 No Actual/360 0 24 89 7
4 No Actual/360 0 24 89 7
5 No Actual/360 0 24 89 7
6 No Actual/360 0 24 89 7
7 No Actual/360 0 24 89 7
8 No Actual/360 0 24 89 7
9 No Actual/360 0 24 89 7
10 No Actual/360 0 24 89 7
11 No Actual/360 0 24 89 7
12 No Actual/360 0 24 89 7
13 No Actual/360 0 24 89 7
14 No Actual/360 0 24 89 7
15 No Actual/360 0 24 89 7
16 No Actual/360 0 24 89 7
17 No Actual/360 0 24 89 7
18 No Actual/360 0 24 89 7
19 No Actual/360 0 24 89 7
20 No Actual/360 0 24 89 7
21 No Actual/360 0 24 89 7
22 No Actual/360 0 24 89 7
23 No Actual/360 0 24 89 7
24 No Actual/360 0 24 89 7
30 No Actual/360 1 25 91 4
32 No Actual/360 7 31 86 3
35 No Actual/360 1 35 25 24 24 12
38 No 30/360 6 23 57 4
40 No Actual/360 1 25 91 4
41 No Actual/360 1 25 92 3
49 No Actual/360 0 24 93 3
30 87 3
52 No Actual/360 6 30 87 3
53 No Actual/360 6 30 87 3
54 No Actual/360 6 30 87 3
55 No Actual/360 6 30 87 3
56 No Actual/360 6 30 87 3
57 No Actual/360 6 30 87 3
61 No Actual/360 3 27 89 4
63 No Actual/360 3 23 93 4
64 No Actual/360 0 24 93 3
65 No Actual/360 3 27 90 3
66 No Actual/360 0 24 94 2
68 No Actual/360 1 25 92 3
69 No Actual/360 1 23 95 2
76 No Actual/360 2 26 91 3
77 No Actual/360 0 24 93 3
78 No Actual/360 0 24 93 3
79 No Actual/360 1 25 92 3
81 No Actual/360 0 24 93 3
26 9 82 3
84 No Actual/360 2 26 9 82 3
85 No Actual/360 2 26 9 82 3
86 No Actual/360 2 26 9 82 3
87 No Actual/360 2 26 91 3
89 No Actual/360 1 25 56 3
24 93 3
93 No Actual/360 0 24 93 3
94 No Actual/360 0 24 93 3
95 No Actual/360 0 24 93 3
96 No Actual/360 0 24 93 3
97 No Actual/360 0 24 93 3
98 No Actual/360 0 24 93 3
99 No Actual/360 0 24 93 3
102 No Actual/360 0 24 93 3
104 No Actual/360 1 25 92 3
105 No Actual/360 2 26 92 2
27 90 3
106 No Actual/360 3 27 90 3
107 No Actual/360 3 27 90 3
108 No Actual/360 2 26 92 2
110 No Actual/360 0 24 93 3
111 No Actual/360 0 24 93 3
113 No Actual/360 2 26 91 3
114 No Actual/360 1 36 21 3
116 No Actual/360 2 26 92 2
120 No Actual/360 1 25 89 6
121 No Actual/360 1 25 92 3
126 No Actual/360 1 23 60 12 12 13
127 No Actual/360 3 27 91 2
129 No Actual/360 1 25 12 20 3
134 No Actual/360 3 27 90 3
135 No Actual/360 1 25 92 3
137 No Actual/360 2 26 92 2
139 No Actual/360 0 5 49 6
140 No Actual/360 0 24 93 3
143 No Actual/360 0 24 93 3
145 No Actual/360 3 27 90 3
146 No Actual/360 0 24 93 3
148 No Actual/360 1 25 92 3
149 No Actual/360 1 25 92 3
150 No Actual/360 0 24 29 7
151 No Actual/360 0 35 82 3
153 No Actual/360 1 25 92 3
158 No Actual/360 0 24 33 3
160 No Actual/360 0 24 29 7
161 No Actual/360 1 25 92 3
162 No Actual/360 4 28 89 3
165 No Actual/360 1 25 92 3
171 No Actual/360 1 25 92 3
176 No Actual/360 1 25 92 3
25 92 3
179 No Actual/360 1 25 92 3
180 No Actual/360 1 25 92 3
181 No Actual/360 0 24 93 3
184 No Actual/360 0 24 93 3
188 No Actual/360 0 24 93 3
190 No Actual/360 0 24 93 3
195 No Actual/360 3 27 92 1
196 No Actual/360 1 35 82 3
200 No Actual/360 1 35 82 3
201 No Actual/360 0 24 93 3
204 No Actual/360 1 35 22 3
205 No Actual/360 1 25 92 3
208 No Actual/360 0 24 93 3
35 82 3
210 No Actual/360 1 35 82 3
211 No Actual/360 1 35 82 3
212 No Actual/360 1 35 82 3
213 No Actual/360 1 35 82 3
215 No Actual/360 1 25 92 3
219 No Actual/360 1 25 92 3
23 94 3
222 No Actual/360 0 23 94 3
223 No Actual/360 0 23 94 3
224 No Actual/360 0 23 94 3
226 No Actual/360 1 25 92 3
227 No Actual/360 0 24 93 3
229 No Actual/360 1 25 94 1
230 No Actual/360 3 27 91 2
231 No Actual/360 2 26 91 3
232 No Actual/360 1 25 92 3
233 No Actual/360 0 24 93 3
234 No Actual/360 2 26 91 3
235 No Actual/360 2 26 91 3
236 No Actual/360 1 25 92 3
237 No Actual/360 0 24 93 3
238 No Actual/360 1 25 92 3
239 No Actual/360 2 35 82 3
240 No Actual/360 1 25 92 3
242 No Actual/360 3 27 90 3
243 No Actual/360 2 26 91 3
245 No Actual/360 1 25 92 3
246 No Actual/360 3 35 82 3
248 No Actual/360 0 24 93 3
249 No Actual/360 2 26 91 3
251 No Actual/360 0 24 93 3
252 No Actual/360 1 25 92 3
253 No Actual/360 0 24 93 3
254 No Actual/360 1 25 92 3
255 No Actual/360 2 26 91 3
256 No Actual/360 0 24 93 3
257 No Actual/360 0 24 93 3
258 No Actual/360 5 29 88 3
260 No Actual/360 1 23 94 3
261 No Actual/360 0 24 93 3
262 No Actual/360 2 26 91 3
263 No Actual/360 1 25 92 3
264 No Actual/360 0 24 93 3
265 No Actual/360 2 26 91 3
270 No Actual/360 1 25 92 3
271 No Actual/360 1 25 92 3
24 93 3
274 No Actual/360 0 24 93 3
275 No Actual/360 0 24 93 3
276 No Actual/360 1 25 92 3
277 No Actual/360 1 25 92 3
278 No Actual/360 0 24 93 3
280 No Actual/360 1 25 92 3
281 No Actual/360 1 25 92 3
282 No Actual/360 4 28 89 3
283 No Actual/360 1 25 92 3
284 No Actual/360 1 35 82 3
285 No Actual/360 1 25 92 3
288 No Actual/360 1 25 92 3
289 No Actual/360 1 25 92 3
290 No Actual/360 1 25 92 3
292 No Actual/360 0 24 93 3
294 No Actual/360 8 32 85 3
296 No Actual/360 1 25 92 3
297 No Actual/360 2 26 91 3
298 No Actual/360 1 25 92 3
299 No Actual/360 4 28 89 3
300 No Actual/360 0 35 82 3
302 No Actual/360 1 25 92 3
303 No Actual/360 1 25 92 3
304 No Actual/360 1 25 92 3
305 No Actual/360 2 26 91 3
308 No Actual/360 1 25 92 3
26 91 3
309 No Actual/360 2 26 91 3
310 No Actual/360 2 26 91 3
311 No Actual/360 1 25 92 3
312 No Actual/360 2 26 91 3
313 No Actual/360 1 25 92 3
314 No Actual/360 1 23 34 3
315 No Actual/360 0 24 93 3
316 No Actual/360 1 25 92 3
317 No Actual/360 0 24 93 3
318 No Actual/360 0 24 93 3
Mortgage Loan No. YM Formula(27) Administrative Cost Rate(28) Mortgage Loan No.
----------------- -------------- ---------------------------- -----------------
2.075
1 2.075 1
2 2.075 2
3 2.075 3
4 2.075 4
5 2.075 5
6 2.075 6
7 2.075 7
8 2.075 8
9 2.075 9
10 2.075 10
11 2.075 11
12 2.075 12
13 2.075 13
14 2.075 14
15 2.075 15
16 2.075 16
17 2.075 17
18 2.075 18
19 2.075 19
20 2.075 20
21 2.075 21
22 2.075 22
23 2.075 23
24 2.075 24
30 2.075 30
32 4.075 32
35 A 7.075 35
38 B 2.075 38
40 2.075 40
41 2.075 41
49 8.075 49
2.075
52 2.075 52
53 2.075 53
54 2.075 54
55 2.075 55
56 2.075 56
57 2.075 57
61 2.075 61
63 C 2.075 63
64 2.075 64
65 2.075 65
66 2.075 66
68 4.075 68
69 D 2.075 69
76 2.075 76
77 7.075 77
78 2.075 78
79 2.075 79
81 7.075 81
2.075
84 D 2.075 84
85 D 2.075 85
86 D 2.075 86
87 2.075 87
89 2.075 89
2.075
93 2.075 93
94 2.075 94
95 2.075 95
96 2.075 96
97 2.075 97
98 2.075 98
99 2.075 99
102 A 2.075 102
104 2.075 104
105 2.075 105
2.075
106 2.075 106
107 2.075 107
108 2.075 108
110 2.075 110
111 2.075 111
113 2.075 113
114 D 2.075 114
116 2.075 116
120 2.075 120
121 2.075 121
126 A 2.075 126
127 5.075 127
129 2.075 129
134 7.075 134
135 2.075 135
137 2.075 137
139 D 2.075 139
140 2.075 140
143 2.075 143
145 5.075 145
146 2.075 146
148 2.075 148
149 2.075 149
150 7.075 150
151 A 2.075 151
153 2.075 153
158 2.075 158
160 7.075 160
161 7.075 161
162 12.075 162
165 2.075 165
171 2.075 171
176 2.075 176
2.075
179 2.075 179
180 2.075 180
181 2.075 181
184 2.075 184
188 10.075 188
190 2.075 190
195 8.075 195
196 D 2.075 196
200 A 2.075 200
201 2.075 201
204 D 2.075 204
205 2.075 205
208 D 2.075 208
2.075
210 D 2.075 210
211 D 2.075 211
212 D 2.075 212
213 D 2.075 213
215 2.075 215
219 2.075 219
2.075
222 D 2.075 222
223 D 2.075 223
224 D 2.075 224
226 2.075 226
227 2.075 227
229 7.075 229
230 7.075 230
231 2.075 231
232 2.075 232
233 10.075 233
234 2.075 234
235 10.075 235
236 2.075 236
237 2.075 237
238 8.075 238
239 D 2.075 239
240 2.075 240
242 2.075 242
243 2.075 243
245 2.075 245
246 D 2.075 246
248 2.075 248
249 2.075 249
251 2.075 251
252 14.575 252
253 7.075 253
254 12.075 254
255 2.075 255
256 2.075 256
257 2.075 257
258 2.075 258
260 D 2.075 260
261 7.075 261
262 2.075 262
263 2.075 263
264 7.075 264
265 10.075 265
270 8.075 270
271 2.075 271
2.075
274 2.075 274
275 2.075 275
276 2.075 276
277 2.075 277
278 2.075 278
280 7.075 280
281 2.075 281
282 2.075 282
283 8.075 283
284 D 2.075 284
285 2.075 285
288 2.075 288
289 8.075 289
290 2.075 290
292 2.075 292
294 2.075 294
296 12.075 296
297 7.075 297
298 10.075 298
299 2.075 299
300 D 2.075 300
302 12.075 302
303 8.075 303
304 2.075 304
305 2.075 305
308 2.075 308
8.075
309 8.075 309
310 8.075 310
311 10.075 311
312 2.075 312
313 2.075 313
314 D 2.075 314
315 2.075 315
316 12.075 316
317 2.075 317
318 2.075 318
EXHIBIT 2
REPRESENTATIONS AND WARRANTIES REGARDING
INDIVIDUAL MORTGAGE LOANS
(1) Mortgage Loan Schedule. The information set forth in the Mortgage Loan
Schedule is true and correct in all material respects as of the date of this
Agreement and as of the Cut-Off Date.
(2) Whole Loan; Ownership of Mortgage Loans. Each Mortgage Loan is a whole
loan and not a participation interest in a mortgage loan. Immediately prior to
the transfer to the Purchaser of the Mortgage Loans, the Seller had good title
to, and was the sole owner of, each Mortgage Loan. The Seller has full right,
power and authority to transfer and assign each of the Mortgage Loans to or at
the direction of the Purchaser and has validly and effectively conveyed (or
caused to be conveyed) to the Purchaser or its designee all of the Seller's
legal and beneficial interest in and to the Mortgage Loans free and clear of any
and all pledges, liens, charges, security interests and/or other encumbrances
(other than with respect to certain agreements relating to servicing rights and
the rights of a holder of a related companion loan pursuant to a co-lender or
other agreement); provided that recording and/or filing of various transfer
documents are to be completed after the Closing Date as contemplated hereby and
by the Pooling and Servicing Agreement. Upon the consummation of the
transactions contemplated by this Agreement, the Seller will have validly and
effectively conveyed to the Purchaser all legal and beneficial interest in and
to each Mortgage Loan free and clear of any pledge, lien, charge, security
interest or other encumbrance (other than with respect to certain agreements
relating to servicing rights and the rights of a holder of a related companion
loan pursuant to a co-lender or other agreement); provided that recording and/or
filing of various transfer documents are to be completed after the Closing Date
as contemplated hereby and by the Pooling and Servicing Agreement. The sale of
the Mortgage Loans to the Purchaser or its designee does not require the Seller
to obtain any governmental or regulatory approval or consent that has not been
obtained. None of the Mortgage Loan documents restricts the Seller's right to
transfer the Mortgage Loan to the Purchaser or to the Trustee.
(3) Payment Record. No scheduled payment of principal and interest under
any Mortgage Loan was 30 days or more past due as of the Cut-Off Date, and no
Mortgage Loan was 30 days or more delinquent in the twelve (12) month period (or
since the date of origination of the Mortgage Loan if the Mortgage Loan was
originated within the past twelve (12) months immediately preceding the Cut-Off
Date.
(4) Lien; Valid Assignment. The Mortgage related to and delivered in
connection with each Mortgage Loan constitutes a valid and, subject to the
exceptions set forth in paragraph 13 below, enforceable first priority lien upon
the related Mortgaged Property, prior to all other liens and encumbrances,
except for (a) the lien for current real estate taxes ground rents, water
charges, sewer rents and assessments not yet due and payable, (b) covenants,
conditions and restrictions, rights of way, easements and other matters that are
of public record and/or are referred to in the related lender's title insurance
policy (or if not yet issued, referred to in a pro forma title policy, a
"marked-up" commitment binding upon the title insurer or escrow instructions
binding on the title insurer and irrevocably obligating the title insurer to
issue such title insurance policy), (c) exceptions and exclusions specifically
referred to in such lender's title insurance policy (or if not yet issued,
referred to in a pro forma title policy, a "marked-up" commitment binding upon
the title insurer or escrow instructions binding on the title insurer and
irrevocably obligating the title insurer to issue such title insurance policy),
(d) other matters to which like properties are commonly subject, (e) rights of
tenants (as tenants only) under leases (including subleases) pertaining to the
related Mortgaged Property, (f) if such Mortgage Loan is cross-collateralized
with any other Mortgage Loan, the lien of the Mortgage for such other Mortgage
Loan and (g) if the related Mortgaged Property consists of one or more units in
a condominium, the related condominium declaration, none of which matters
referred to in clauses (b)through (g), individually or in the aggregate,
materially and adversely interferes with the security intended to be provided by
such Mortgage, the marketability or current use or operation of the Mortgaged
Property or the current ability of the Mortgaged Property to generate operating
income sufficient to service the Mortgage Loan debt (the foregoing items (a)
through (g) being herein referred to as the "Permitted Encumbrances"). The
related assignment of such Mortgage executed and delivered in favor of the
Trustee is in recordable form (but for insertion of the names and addresses of
the assignee and any related recording information which is not yet available to
Seller) and constitutes a legal, valid and binding assignment, sufficient to
convey to the assignee named therein all of the assignor's right, title and
interest in, to and under such Mortgage. Such Mortgage, together with any
separate security agreements, chattel mortgages or equivalent instruments,
establishes and creates a valid and, subject to the exceptions set forth in
paragraph 13 below, enforceable security interest in favor of the holder thereof
in all of the related Mortgagor's personal property used in, and reasonably
necessary to operate, the related Mortgaged Property. In the case of a Mortgaged
Property operated as a hotel or an assisted living facility, the Mortgagor's
personal property includes all personal property that a prudent mortgage lender
making a similar Mortgage Loan would deem reasonably necessary to operate the
related Mortgaged Property as it is currently being operated. A Uniform
Commercial Code financing statement has been filed and/or recorded in all places
necessary to perfect a valid security interest in such personal property, to the
extent a security interest may be so created therein, and such security interest
is a first priority security interest, subject to any prior purchase money
security interest in such personal property and any personal property leases
applicable to such personal property and any Permitted Encumbrances.
Notwithstanding the foregoing, no representation is made as to the perfection of
any security interest in rents or other personal property to the extent that
possession or control of such items or actions other than the filing of Uniform
Commercial Code financing statements are required in order to effect such
perfection.
(5) Assignment of Leases and Rents. The Assignment of Leases (either as a
separate instrument or as part of the Mortgage) related to and delivered in
connection with each Mortgage Loan establishes and creates a valid, subsisting
and, subject to the exceptions set forth in paragraph 13 below, enforceable
first priority lien and first priority security interest, subject to the
Permitted Encumbrances, in the related Mortgagor's interest in all leases,
sub-leases, licenses or other agreements pursuant to which any person is
entitled to occupy, use or possess all or any portion of the real property
subject to the related Mortgage, and except that a license may have been granted
to the related Mortgagor to exercise certain rights and perform certain
obligations of the lessor under the relevant lease or leases, including, without
limitation, the right to operate the related leased property so long as no event
of default has occurred under such Mortgage Loan each assignor thereunder has
the full right to assign the same. The related assignment of any Assignment of
Leases not included in a Mortgage has been executed and delivered in favor of
the Trustee and is in recordable form (but for insertion of the name and address
of the assignee and any related recording information which is not yet available
to Seller) and constitutes a legal, valid and binding assignment, sufficient to
convey to the assignee named therein all of the assignor's right, title and
interest in, to and under such Assignment of Leases. If an Assignment of Leases
exists with respect to any Mortgage Loan (whether as a part of the related
Mortgage or separately), then the related Mortgage or related Assignment of
Leases, subject to applicable law, provides for, upon an event of default
(beyond applicable notice and grace periods) under the Mortgage Loan, the
appointment of a receiver for the collection of rents or for the related
mortgagee to enter into possession of the related Mortgaged Property to collect
the rents or for rents to be paid directly to the mortgagee.
(6) Mortgage Status; Waivers and Modifications. No Mortgage has been
satisfied, cancelled, rescinded or subordinated in whole or in part, and the
related Mortgaged Property has not been released from the lien of such Mortgage,
in whole or in part in any manner that materially interferes with the security
intended to be provided by such Mortgage (except for partial reconveyances of
real property that are set forth on Schedule A to Exhibit 2), nor has any
instrument been executed that would effect any such satisfaction, cancellation,
subordination, rescission or release, in any manner that, in each case,
materially adversely affects the value of the related Mortgaged Property. None
of the terms of any Mortgage Note, Mortgage or Assignment of Leases has been
impaired, waived, altered or modified in any respect, except by written
instruments, all of which are included in the related Mortgage File and none of
the Mortgage Loans has been materially modified since December 14, 2006.
(7) Condition of Property; Condemnation. With respect to (i) the Mortgaged
Properties securing the Mortgage Loans that were the subject of an engineering
report issued after the first day of the month that is eighteen (18) months
prior to the Closing Date as set forth on Schedule A to this Exhibit 2, each
Mortgaged Property is, to the Seller's knowledge, free and clear of any damage
(or a letter of credit or adequate reserves therefor have been established based
on the engineering report) that would materially and adversely affect its value
as security for the related Mortgage Loan and (ii) the Mortgaged Properties
securing the Mortgage Loans that were not the subject of an engineering report
within eighteen (18) months prior to the Closing Date as set forth on Schedule A
to this Exhibit 2, each Mortgaged Property is in good repair and condition and
all building systems contained therein are in good working order (or a letter of
credit or adequate reserves therefor have been established) and each Mortgaged
Property is free of structural defects, in each case, that would materially and
adversely affect its value as security for the related Mortgage Loan as of the
date hereof. As of the Closing Date, the Seller has received no notice of the
commencement of any proceeding for the condemnation of all or any material
portion of any Mortgaged Property. To the Seller's knowledge (based on surveys
and/or title insurance obtained in connection with the origination of the
Mortgage Loans), as of the date of the origination of each Mortgage Loan, all of
the material improvements on the related Mortgaged Property that were considered
in determining the appraised value of the Mortgaged Property lay wholly within
the boundaries and building restriction lines of such property, except for
encroachments that are insured against by the lender's Title Policy referred to
herein or that do not materially and adversely affect the value or marketability
of such Mortgaged Property, and no improvements on adjoining properties
materially encroached upon such Mortgaged Property so as to materially and
adversely affect the value or marketability of such Mortgaged Property, except
those encroachments that are insured against by the Title Policy referred to
herein.
(8) Title Insurance. Each Mortgaged Property is covered by an American
Land Title Association (or a comparable form as adopted in the applicable
jurisdiction) lender's title insurance policy, a pro forma policy or a marked-up
title insurance commitment or escrow instructions binding on the title insurer
irrevocably obligating the title insurer to issue such title insurance policy
(on which the required premium has been paid) which evidences such title
insurance policy (the "Title Policy") in the original principal amount of the
related Mortgage Loan after all advances of principal, except that in the case
of a Mortgage Loan as to which the related Mortgaged Property is made up of more
than one parcel of property, the security interest in each of which parcel is
granted by a Mortgage and such Mortgage (and therefore the related Title Policy)
may be in an amount less than the original principal amount of the Mortgage
Loan, but such Mortgages, in the aggregate, are not less than the total original
principal amount of the Mortgage Loan, and provided that such amount is at least
equal to the allocated Mortgage Loan amount, as evidenced by the Mortgage Loan
Documents. Each Title Policy insures that the related Mortgage is a valid first
priority lien on such Mortgaged Property, subject only to Permitted
Encumbrances. Each Title Policy (or, if it has yet to be issued, the coverage to
be provided thereby) is in full force and effect, all premiums thereon have been
paid and no material claims have been made thereunder and no claims have been
paid thereunder. No holder of the related Mortgage has done, by act or omission,
anything that would materially impair the coverage under such Title Policy.
Immediately following the transfer and assignment of the related Mortgage Loan
to the Trustee, such Title Policy (or, if it has yet to be issued, the coverage
to be provided thereby) will inure to the benefit of the Trustee without the
consent of or notice to the insurer. To the Seller's knowledge, the insurer
issuing such Title Policy is qualified to do business in the jurisdiction in
which the related Mortgaged Property is located. Such Title Policy contains no
exclusion for, or it affirmatively insures access to a public road.
(9) No Holdbacks. The proceeds of each Mortgage Loan have been fully
disbursed (for the avoidance of doubt, amounts held in escrow or reserve
accounts pending the satisfaction of certain conditions relating to leasing,
repairs or other matters with respect to the related Mortgage Property will be
considered fully disbursed and will not be considered an exception to this
representation) and there is no obligation for future advances with respect
thereto. With respect to each Mortgage Loan, any and all requirements as to
completion of any on-site or off-site improvement that must be satisfied as a
condition to disbursements of any funds escrowed for such purpose have been
complied with on or before the Closing Date, or any such funds so escrowed have
not been released.
(10) Mortgage Provisions. The Mortgage Note, Mortgage or other Mortgage
Loan documents for each Mortgage Loan, together with applicable state law,
contains customary and enforceable provisions (subject to the exceptions set
forth in paragraph 13) such as to render the rights and remedies of the holder
thereof adequate for the practical realization against the related Mortgaged
Property of the principal benefits of the security intended to be provided
thereby.
(11) Trustee under Deed of Trust. If any Mortgage is a deed of trust, (1)
a trustee, duly qualified under applicable law to serve as such, is properly
designated and serving under such Mortgage or has been substituted in accordance
with the Mortgage and applicable law, and (2) no fees or expenses are payable to
such trustee by the Seller, the Purchaser or any transferee thereof except in
connection with a trustee's sale after default by the related Mortgagor or in
connection with any full or partial release of the related Mortgaged Property or
related security for the related Mortgage Loan.
(12) Environmental Conditions.
(i) With respect to the Mortgaged Properties securing the Mortgage
Loans that were the subject of an environmental site assessment after the first
day of the month that is eighteen (18) months prior to the Closing Date, an
environmental site assessment, or an update of a previous such report, was
performed with respect to each Mortgaged Property in connection with the
origination or the acquisition of the related Mortgage Loan, a report of each
such assessment (or the most recent assessment with respect to each Mortgaged
Property) (an "Environmental Report") has been delivered to the Purchaser, and
the Seller has no knowledge of any material and adverse environmental condition
or circumstance affecting any Mortgaged Property that was not disclosed in such
report. The Mortgage Loan documents for each Mortgage Loan requires the related
Mortgagor to comply in all material respects with all applicable federal, state
and local environmental laws and regulations. Where such assessment disclosed
the existence of a material and adverse environmental condition or circumstance
affecting any Mortgaged Property, (i) a party not related to the Mortgagor was
identified as the responsible party for such condition or circumstance, (ii)
environmental insurance covering such condition was obtained or must be
maintained until the condition is remediated, (iii) the related Mortgagor was
required either to provide additional security that was deemed to be sufficient
by the originator in light of the circumstances and/or to establish an
operations and maintenance plan, (iv) the related mortgagor, or other
responsible party, provided a "no further action" letter or other evidence that
would be acceptable to a reasonably prudent commercial mortgage lender, that
applicable federal, state or local government authorities had no current
intention of taking any action, and are not requiring any action, in respect of
such conditions or circumstances, (v) such conditions or circumstances were
investigated further and based upon such additional investigation, a qualified
environmental consultant recommended no further investigation or remediation,
(vi) the expenditure of funds reasonably estimated to be necessary to effect
such remediate is not greater than 2% of the outstanding principal balance of
the related Mortgage Loan, and the Borrower or other responsible party has
agreed to undertake the remediation, (vii) there exists an escrow of funds
reasonably estimated to be sufficient for purposes of effecting such
remediation, (viii) a responsible party provided a guaranty or indemnity to the
related Mortgagor to cover the costs of any required investigation, testing,
monitoring or remediation, (ix) the related Mortgagor or one of its affiliates
is currently taking or required to take such actions (that may be the
implementation of an operations and maintenance plan) with respect to such
conditions or circumstances or have been recommended by the environmental site
assessment or required by the applicable governmental authority and the Borrower
or other responsible party has agreed to be responsible for such required
actions, the remaining cost of which does not exceed 2% of the principal balance
of the Mortgage Loan or (x) the circumstance or condition has been fully
remediated based on a report from a qualified environmental consultant. In
connection with the origination of each Mortgage Loan, each environmental
consultant has represented in such Environmental Report or in a supplement
letter that the environmental assessment of the applicable Mortgaged Property
was conducted utilizing generally accepted Phase I industry standards using the
American Society for Testing and Materials (ASTM) Standard Practice E 1527-00.
(ii) With respect to the Mortgaged Properties securing the Mortgage
Loans that were not the subject of an environmental site assessment meeting ASTM
Standards issued sometime after the first day of the month that is 18 months
prior to the Closing Date as set forth on Schedule A to this Exhibit 2, (i) no
Hazardous Material is present on such Mortgaged Property such that (1) the
value, use or operation of such Mortgaged Property is materially and adversely
affected or (2) under applicable federal, state or local law, (a) such Hazardous
Material could be required to be eliminated at a cost materially and adversely
affecting the value of the Mortgaged Property before such Mortgaged Property
could be altered, renovated, demolished or transferred or (b) the presence of
such Hazardous Material could (upon action by the appropriate governmental
authorities) subject the owner of such Mortgaged Property, or the holders of a
security interest therein, to liability for the cost of eliminating such
Hazardous Material or the hazard created thereby at a cost materially and
adversely affecting the value of the Mortgaged Property, and (ii) such Mortgaged
Property is in material compliance with all applicable federal, state and local
laws pertaining to Hazardous Materials or environmental hazards, any
noncompliance with such laws does not have a material adverse effect on the
value of such Mortgaged Property and neither Seller nor, to Seller's knowledge,
the related Mortgagor or any current tenant thereon, has received any notice of
violation or potential violation of any such law.
"Hazardous Materials" means gasoline, petroleum products, explosives,
radioactive materials, polychlorinated biphenyls or related or similar
materials, and any other substance, material or waste as may be defined as
a hazardous or toxic substance by any federal, state or local
environmental law, ordinance, rule, regulation or order, including without
limitation, the Comprehensive Environmental Response, Compensation and
Liability Act of 1980, as amended (42 U.S.C. xx.xx. 9601 et seq.), the
Hazardous Materials Transportation Act as amended (42 U.S.C. xx.xx. 6901
et seq.), the Resource Conservation and Recovery Act, as amended (42
U.S.C. xx.xx. 6901 et seq.), the Federal Water Pollution Control Act as
amended (33 U.S.C. xx.xx. 1251 et seq.), the Clean Air Act as amended (42
U.S.C. xx.xx. 1251 et seq.) and any regulations promulgated pursuant
thereto.
(13) Loan Document Status. Each Mortgage Note, Mortgage, Assignment of
Leases and other agreement that evidences or secures such Mortgage Loan and was
executed by or on behalf of the related Mortgagor is the legal, valid and
binding obligation of the maker thereof (subject to any non-recourse provisions
contained in any of the foregoing agreements and any applicable state
anti-deficiency or market value limit 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) and except that certain provisions in such loan documents may be
further limited or rendered unenforceable by applicable law. Subject to the
limitations set forth above, there is no valid defense, counterclaim or right of
offset or rescission available to the related Mortgagor with respect to such
Mortgage Note, Mortgage or other agreement that would deny the mortgagee the
principal benefits intended to be provided thereby, except in each case, with
respect to the enforceability of any provisions requiring the payment of default
interest, late fees, additional interest, prepayment premium or yield
maintenance charges.
(14) Insurance. Mortgaged Property is, and is required pursuant to the
related Mortgage to be, insured by (a) a fire and extended perils insurance
policy providing coverage against loss or damage sustained by reason of fire,
lightning, windstorm, hail, explosion, riot, riot attending a strike, civil
commotion, aircraft, vehicles and smoke, and, to the extent required as of the
date of origination by the originator of such Mortgage Loan consistent with its
normal commercial mortgage lending practices, against other risks insured
against with respect to similarly situated properties in the locality of the
Mortgaged Property (so-called "All Risk" coverage) in an amount not less than
the lesser of the outstanding principal balance of the related Mortgage Loan and
the replacement cost of the improvements located at the Mortgaged Property, and
contains no provisions for a deduction for depreciation, and not less than the
amount necessary to avoid the operation of any co-insurance provisions with
respect to the Mortgaged Property; (b) except if the Mortgaged Property is a
mobile home property, a business interruption or rental loss insurance policy,
in an amount at least equal to six (6) months of operations of the Mortgaged
Property; (c) a flood insurance policy (if any portion of buildings or other
structures on the Mortgaged Property are located in an area identified by the
Federal Emergency Management Agency as having special flood hazards and the
Federal Emergency Management Agency requires flood insurance to be maintained)
if flood insurance is available; and (d) a comprehensive general liability
insurance policy in amounts as are generally required by commercial mortgage
lenders, for properties of similar types and in any event not less than $1
million per occurrence. Such insurance policy contains a standard mortgagee
clause that names the mortgagee as an additional insured in the case of
liability insurance policies and as a loss payee in the case of property
insurance policies and requires prior notice to the holder of the Mortgage of
termination or cancellation. No such notice has been received, including any
notice of nonpayment of premiums, that has not been cured. Each Mortgage, except
as set forth in the first sentence of this paragraph 14, obligates the related
Mortgagor to maintain all such insurance and, upon such Mortgagor's failure to
do so, authorizes the holder of the Mortgage to maintain such insurance at the
Mortgagor's cost and expense and to seek reimbursement therefor from such
Mortgagor. Each Mortgage provides that casualty insurance proceeds will (or at
lender's option will) be applied (a) to the restoration or repair of the related
Mortgaged Property, (b) to the restoration or repair of the related Mortgaged
Property, with any excess insurance proceeds after restoration or repair being
paid to the Mortgagor, or (c) to the reduction of the principal amount of the
Mortgage Loan; provided that if the related Mortgagor holds a leasehold interest
in the related Mortgaged Property, the application of such proceeds will be
subject to the terms of the related Ground Lease (as defined in representation
17 below). For each Mortgaged Property located in a Zone 3 or Zone 4 seismic
zone, either: (i) a seismic report which indicated a PML of less than 20% was
prepared, based on a 450- or 475-year lookback with a 10% probability of
exceedance in a 50-year period, in connection with the origination of the
Mortgage Loan secured by such Mortgaged Property or (ii) the improvements for
the Mortgaged Property are insured against earthquake damage.
(15) Taxes and Assessments. As of the Closing Date, there are no
delinquent or unpaid taxes, assessments (including assessments payable in future
installments) or other outstanding charges affecting any Mortgaged Property that
are or may become a lien of priority equal to or higher than the lien of the
related Mortgage. For purposes of this representation and warranty, real
property taxes and assessments shall not be considered delinquent or unpaid
until the date on which interest or penalties would be first payable thereon.
(16) Mortgagor Bankruptcy. No Mortgagor is, to the Seller's knowledge, a
debtor in any state or federal bankruptcy or insolvency proceeding.
(17) Leasehold Estate. Each Mortgaged Property consists of a fee simple
estate in real estate or, if the related Mortgage Loan is secured in whole or in
part by the interest of a Mortgagor as a lessee under a ground lease of a
Mortgaged Property (a "Ground Lease"), by the related Mortgagor's interest in
the Ground Lease but not by the related fee interest in such Mortgaged Property
(the "Fee Interest"), and as to such Ground Leases:
(a) Such Ground Lease or a memorandum thereof has been or will be
duly recorded; such Ground Lease (or the related estoppel letter or lender
protection agreement between the Seller and related lessor) does not
prohibit the current use of the Mortgaged Property and does not prohibit
the interest of the lessee thereunder to be encumbered by the related
Mortgage; and there has been no material change in the payment terms of
such Ground Lease since the origination of the related Mortgage Loan, with
the exception of material changes reflected in written instruments that
are a part of the related Mortgage File;
(b) The lessee's interest in such Ground Lease is not subject to any
liens or encumbrances superior to, or of equal priority with, the related
Mortgage, other than Permitted Encumbrances;
(c) Upon foreclosure of such Mortgage Loan (or acceptance of a deed
in lieu thereof), the Mortgagor's interest in such Ground Lease is
assignable to the Purchaser and the Trustee as its assignee upon notice
to, but without the consent of, the lessor thereunder (or, if 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 Purchaser and
its successors and assigns upon notice to, but without the need to obtain
the consent of, such lessor or if such lessor's consent is required it
cannot be unreasonably withheld;
(d) Such Ground Lease is in full force and effect, and the Ground
Lease provides that no material amendment to such Ground Lease is binding
on a mortgagee unless the mortgagee has consented thereto, and the Seller
has received no notice that an event of default has occurred thereunder,
and, to the Seller's knowledge, there exists no condition that, but for
the passage of time or the giving of notice, or both, would result in an
event of default under the terms of such Ground Lease;
(e) Such Ground Lease, or an estoppel letter or other agreement, (A)
requires the lessor under such Ground Lease to give notice of any material
default by the lessee to the holder of the Mortgage provided that such
mortgagee has provided the ground lessor with notice of its lien in
accordance with the provisions of the Ground Lease; and (B) provides that
no notice of termination given under such Ground Lease is effective
against the holder of the Mortgage unless a copy of such notice has been
delivered to such holder and the lessor has offered or is required to
enter into a new lease with such holder on terms that do not materially
vary from the economic terms of the Ground Lease.
(f) A mortgagee is permitted a reasonable opportunity (including,
where necessary, sufficient time to gain possession of the interest of the
lessee under such Ground Lease) to cure any default under such Ground
Lease, which is curable after the receipt of notice of any such default,
before the lessor thereunder may terminate such Ground Lease;
(g) Such Ground Lease has an original term (including any extension
options set forth therein) which extends not less than twenty years (20)
beyond the Stated Maturity Date of the related Mortgage Loan;
(h) Under the terms of such Ground Lease and the related Mortgage or
related Mortgage Loan documents, taken together, any related insurance
proceeds or condemnation award awarded to the holder of the ground lease
interest will be applied either (A) to the repair or restoration of all or
part of the related Mortgaged Property, with the mortgagee or a trustee
appointed or consented to by the related Mortgage having the right to hold
and disburse such proceeds as the repair or restoration progresses (except
in such cases where a provision entitling a third party to hold and
disburse such proceeds would not be viewed as commercially unreasonable by
a prudent commercial mortgage lender), or (B) to the payment of the
outstanding principal balance of the Mortgage Loan together with any
accrued interest thereon;
(i) Such Ground Lease does not impose any restrictions on subletting
which would be viewed as commercially unreasonable by prudent commercial
mortgage lenders lending on a similar Mortgaged Property in the lending
area where the Mortgaged Property is located; and such Ground Lease
contains a covenant that the lessor thereunder is not permitted, in the
absence of an uncured default, to disturb the possession, interest or
quiet enjoyment of the lessee thereunder for any reason, or in any manner,
which would materially adversely affect the security provided by the
related Mortgage;
(j) Such Ground Lease requires the Lessor to enter into a new lease
upon termination of such Ground Lease if the Ground Lease is rejected in a
bankruptcy proceeding, unless the mortgagee under such Mortgage Loan fails
to cure a default of the lessee that is susceptible to cure by the
mortgagee under such Ground Lease following notice thereof from the
lessor; and
(k) Such Ground Lease may not be amended or modified or any such
amendment or modification will not be effective against the mortgagee
without the prior written consent of the mortgagee under such Mortgage
Loan, and any such action without such consent is not binding on such
mortgagee, its successors or assigns; provided, however, that termination
or cancellation without such consent may be binding on the mortgagee if
(i) an event of default occurs under the Ground Lease, (ii) notice is
provided to the mortgagee and (iii) such default is curable by the
mortgagee as provided in the Ground Lease but remains uncured beyond the
applicable cure period.
(18) Escrow Deposits. All escrow deposits and payments relating to each
Mortgage Loan that are, as of the Closing Date, required to be deposited or paid
have been so deposited or paid.
(19) LTV Ratio. The gross proceeds of each Mortgage Loan to the related
Mortgagor at origination did not exceed the non-contingent principal amount of
the Mortgage Loan and either: (a) such Mortgage Loan is secured by an interest
in real property having a fair market value (i) at the date the Mortgage Loan
was originated, at least equal to 80 percent of the original principal balance
of the Mortgage Loan or (ii) at the Closing Date, at least equal to 80 percent
of the principal balance of the Mortgage Loan on such date; provided that for
purposes hereof, the fair market value of the real property interest must first
be reduced by (x) the amount of any lien on the real property interest that is
senior to the Mortgage Loan and (y) a proportionate amount of any lien that is
in parity with the Mortgage Loan (unless such other lien secures a Mortgage Loan
that is cross-collateralized with such Mortgage Loan, in which event the
computation described in clauses (a)(i) and (a)(ii) of this paragraph 19 shall
be made on a pro rata basis in accordance with the fair market values of the
Mortgaged Properties securing such cross-collateralized Mortgage Loans); or (b)
substantially all the proceeds of such Mortgage Loan were used to acquire,
improve or protect the real property that served as the only security for such
Mortgage Loan (other than a recourse feature or other third party credit
enhancement within the meaning of Treasury Regulations Section
1.860G-2(a)(1)(ii)).
(20) Mortgage Loan Modifications. Any Mortgage Loan that was
"significantly modified" prior to the Closing Date so as to result in a taxable
exchange under Section 1001 of the Code either (a) was modified as a result of
the default under such Mortgage Loan or under circumstances that made a default
reasonably foreseeable or (b) satisfies the provisions of either clause (a)(i)
of paragraph 19 (substituting the date of the last such modification for the
date the Mortgage Loan was originated) or clause (a)(ii) of paragraph 19,
including the proviso thereto.
(21) Advancement of Funds by the Seller. From and after the closing date
of the Mortgage Loan, no holder of a Mortgage Loan has advanced funds or
induced, solicited or knowingly received any advance of funds from a party other
than the owner of the related Mortgaged Property, directly or indirectly, for
the payment of any amount required by such Mortgage Loan documents unless
allowed pursuant to the terms of the Mortgage Loan documents.
(22) No Mechanics' Liens. Each Mortgaged Property is free and clear of any
and all mechanics' and materialmen's liens that are prior or equal to the lien
of the related Mortgage, except, in each case, for liens that were bonded or
escrowed for or insured against by the Title Policy referred to herein, and no
rights are outstanding that under law could give rise to any such lien that
would be prior or equal to the lien of the related Mortgage except, in each
case, for liens that were bonded or escrowed for or insured against by the Title
Policy referred to herein.
(23) Compliance with Laws. Except as otherwise specifically disclosed in
an exception on Schedule A attached hereto to another representation and
warranty made by the seller in this Exhibit 2, at origination, each Mortgage
Loan materially complied with all applicable federal, state and local statutes
and regulations. Each Mortgage Loan materially complied with (or is exempt from)
all applicable usury laws in effect at its date of origination.
(24) Cross-collateralization. No Mortgage Loan is cross-collateralized or
cross-defaulted with any loan other than one or more other Mortgage Loans.
(25) Releases of Mortgaged Property. Except as described in the next
sentence, no Mortgage Note or Mortgage requires the mortgagee to release all or
any material portion of the related Mortgaged Property that was included in the
appraisal for such Mortgaged Property, and/or generates income from the lien of
the related Mortgage except upon payment in full of all amounts due under the
related Mortgage Loan or in connection with the defeasance provisions of the
related Note and Mortgage. The Mortgages relating to those Mortgage Loans
identified on Schedule A hereto require the mortgagee to grant releases of
portions of the related Mortgaged Properties upon (a) the satisfaction of
certain legal and underwriting requirements and/or (b) the payment of a release
price and prepayment consideration in connection therewith. Except as described
in the first sentence hereof and for those Mortgage Loans identified on Schedule
A, no Mortgage Loan permits the full or partial release or substitution of
collateral unless the mortgagee or servicer can require the Mortgagor to provide
an opinion of tax counsel to the effect that such release or substitution of
collateral (a) would not constitute a "significant modification" of such
Mortgage Loan within the meaning of Treas. Reg. ss.1.860G-2(b)(2) and (b) would
not cause such Mortgage Loan to fail to be a "qualified mortgage" within the
meaning of Section 860G(a)(3)(A) of the Code. The loan documents require the
related Mortgagor to bear the cost of such opinion.
(26) No Equity Participation or Contingent Interest. No Mortgage Loan
contains any equity participation by the lender or provides for negative
amortization (except that the ARD Loan may provide for the accrual of interest
at an increased rate after the Anticipated Repayment Date) or for any contingent
or additional interest in the form of participation in the cash flow of the
related Mortgaged Property.
(27) No Material Default. To the Seller's knowledge, there exists no
material default, breach, violation or event of acceleration (and no event
which, with the passage of time or the giving of notice, or both, would
constitute any of the foregoing) under the documents evidencing or securing the
Mortgage Loan (other than payments due but not yet thirty (30) days or more
delinquent), in any such case to the extent the same materially and adversely
affects the value of the Mortgage Loan and the related Mortgaged Property;
provided, however, that this representation and warranty does not address or
otherwise cover any default, breach, violation or event of acceleration that
specifically pertains to any matter otherwise covered by any other
representation and warranty made by the Seller elsewhere in this Exhibit 2 or
the exceptions listed in Schedule A attached hereto.
(28) Inspections. The Seller (or if the Seller is not the originator, the
originator of the Mortgage Loan) has inspected or caused to be inspected each
Mortgaged Property in connection with the origination of the related Mortgage
Loan.
1. Local Law Compliance. To the Seller's knowledge, based upon a
letter from governmental authorities, a legal opinion, a zoning consultant's
report or an endorsement to the related Title Policy, or based on such other due
diligence considered reasonable by prudent commercial mortgage lenders in the
lending area where the Mortgaged Property is located, the improvements located
on or forming part of each Mortgaged Property are in material compliance with
applicable zoning laws and ordinances, or constitute a legal non-conforming use
or structure or, if any such improvement does not so comply, such non-compliance
does not materially and adversely affect the value of the related Mortgaged
Property, such value as determined by the appraisal performed at origination or
in connection with the sale of the related Mortgage Loan by the Seller hereunder
or any such material non-compliance with such applicable zoning laws is insured
by the Title Policy or a law and ordinance insurance policy.
(29) Junior Liens. Except with respect to the lien securing another
Mortgage Loan cross-collateralized and cross-defaulted with the Mortgage Loan,
none of the Mortgage Loans permits the related Mortgaged Property to be
encumbered by any lien (other than a Permitted Encumbrance) junior to or of
equal priority with the lien of the related Mortgage without the prior written
consent of the holder thereof or the satisfaction of debt service coverage or
similar criteria specified therein. Except with respect to the above, the Seller
has no knowledge that any of the Mortgaged Properties is encumbered by any lien
(other than a Permitted Encumbrance) junior to the lien of the related Mortgage.
(30) Actions Concerning Mortgage Loans. To the knowledge of the Seller,
there are no actions, suits or proceedings before any court, administrative
agency or arbitrator concerning any Mortgage Loan, Mortgagor or related
Mortgaged Property that might adversely affect title to the Mortgaged Property
or the validity or enforceability of the related Mortgage or that might
materially and adversely affect the value of the Mortgaged Property as security
for the Mortgage Loan or the use for which the premises were intended.
(31) Servicing. The servicing and collection practices used by the Seller
or any prior holder or servicer of each Mortgage Loan have been in all material
respects legal, proper and prudent and have met customary industry standards.
(32) Licenses and Permits. To the Seller's knowledge, based (a) a letter
from governmental authorities, (b) a legal opinion, (c) an endorsement to the
related Title Policy, (d) a zoning report from a zoning consultant, or (e) other
due diligence that it customarily performs in the origination of comparable
mortgage loans, as of the date of origination of each Mortgage Loan or as of the
date of the sale of the related Mortgage Loan by the Seller hereunder, the
related Mortgagor, the related lessee, franchisee or operator was in possession
of all material licenses, permits and franchises required by applicable law for
the ownership and operation of the related Mortgaged Property as it was then
operated or such material licenses, permits and franchises have otherwise been
issued and are in effect.
(33) Collateral in Trust. The Mortgage Note for each Mortgage Loan is not
secured by a pledge of any collateral that has not been assigned to the
Purchaser.
(34) Due on Sale. Each Mortgage Loan contains a "due on sale" clause,
which provides for the acceleration of the payment of the unpaid principal
balance of the Mortgage Loan if, without prior written consent of the holder of
the Mortgage, the property subject to the Mortgage or any material portion
thereof, or a controlling interest in the related Mortgagor, is transferred,
sold or encumbered by a junior mortgage or deed of trust other than by reason of
family and estate planning transfers, transfers by devise or descent or by
operation of law upon death, transfers of less than a controlling interest in
Mortgagor, transfers of shares in public companies, issuance of non-controlling
new equity interests, transfers to an affiliate meeting the requirements of the
Mortgage Loan documents, transfers among existing members, partners or
shareholders in the Mortgagor, transfers, substitutions or releases of
collateral provided within the Mortgage Loan documents, transfers among
affiliated Mortgagors with respect to cross collateralized Mortgage Loans or
multi-property Mortgage Loans, transfers among co-Mortgagors, transfers of worn
out or obsolete furniture, furnishings or equipment or transfers of a similar
nature to the foregoing meeting the requirements of the Mortgage Loan documents;
provided, however, that certain Mortgage Loans provide a mechanism for the
assumption of the loan by a third party upon the Mortgagor's satisfaction of
certain conditions precedent, and upon payment of a transfer fee, if any, or
transfer of interests in the Mortgagor or constituent entities of the Mortgagor
to a third party or parties related to the Mortgagor upon the Mortgagor's
satisfaction of certain conditions precedent.
(35) Non-Recourse Exceptions. The Mortgage Loan documents for each
Mortgage Loan provide that such Mortgage Loan constitutes either (a) the
recourse obligations of at least one natural person or (b) the non-recourse
obligations of the related Mortgagor, provided that at least one natural person
(and the Mortgagor if the Mortgagor is not a natural person) is liable to the
holder of the Mortgage Loan for damages arising in the case of fraud or willful
material misrepresentation by the Mortgagor, misappropriation of rents,
insurance proceeds or condemnation awards and breaches of the environmental
covenants in the Mortgage Loan documents.
(36) REMIC Eligibility. Each Mortgage Loan is a "qualified mortgage" as
such term is defined in Section 860G(a)(3) of the Code (without regard to
Treasury Regulations Sections 1-860G-2(a)(3) and 1.860G-2(f)(2), which treats
certain defective mortgage loans as qualified mortgages).
(37) Prepayment Premiums. As of the applicable date of origination of each
such Mortgage Loan, any prepayment premiums and yield maintenance charges
payable under the terms of the Mortgage Loans, in respect of voluntary
prepayments, constituted customary prepayment premiums and yield maintenance
charges for commercial mortgage loans of the Seller.
(38) [Reserved].
(39) Single Purpose Entity. The Mortgagor on each Mortgage Loan with a
Cut-Off Date Principal Balance in excess of $10 million, was, as of the
origination of the Mortgage Loan, a Single Purpose Entity. For this purpose, a
"Single Purpose Entity" shall mean an entity, other than an individual, whose
organizational documents provide substantially to the effect that it was formed
or organized solely for the purpose of owning and operating one or more of the
Mortgaged Properties securing the Mortgage Loans and prohibit it from engaging
in any business unrelated to such Mortgaged Property or Properties, and whose
organizational documents further provide, or which entity represented in the
related Mortgage Loan documents, substantially to the effect that it does not
have any assets other than those related to its interest in, and operation of,
such Mortgaged Property or Properties, or any indebtedness other than as
permitted by the related Mortgage(s) or the other related Mortgage Loan
documents, that it has its own books and records and accounts separate and apart
from any other person (other than a Mortgagor for a Mortgage Loan that is
cross-collateralized and cross-defaulted with the related Mortgage Loan), and
that it holds itself out as a legal entity, separate and apart from any other
person.
(40) Defeasance and Assumption Costs. The related Mortgage Loan Documents
provide that the related borrower is responsible for the payment of all
reasonable costs and expenses of the Lender incurred in connection with (i) the
defeasance of such Mortgage Loan and the release of the related Mortgaged
Property, and (ii) the approval of an assumption of such Mortgage Loan.
(41) Defeasance. No Mortgage Loan provides that it can be defeased until a
date that is more than two (2) years after the Closing Date or provides that it
can be defeased with any property other than government securities (as defined
in Section 2(a)(16) of the Investment Company Act of 1940, as amended) or any
direct non-callable security issued or guaranteed as to principal or interest by
the United States.
(42) Authorized to do Business. To the extent required under applicable
law as of the date of origination, and necessary for the enforceability or
collectability of the Mortgage Loan, 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 originated and held the Mortgage Loan.
(43) Terrorism Insurance. With respect to each Mortgage Loan that has a
Stated Principal Balance as of the Cut-Off Date that is greater than or equal to
$20,000,000, the related all risk insurance policy and business interruption
policy do not specifically exclude acts of terrorism from coverage. With respect
to each other Mortgage Loan, the related all risk insurance policy and business
interruption policy did not, as of the date of origination of the Mortgage Loan,
and, to the Mortgage Loan Seller's knowledge, does not as of the date hereof,
specifically exclude acts of terrorism from coverage, or if such coverage is
excluded, it is covered by a separate terrorism insurance policy. With respect
to each of the Mortgage Loans, the related Mortgage Loan Documents do not
expressly waive or prohibit the mortgagee from requiring coverage for acts of
terrorism or damages related thereto, except to the extent that any right to
require such coverage may be limited by commercially reasonable availability, or
as otherwise indicated on Schedule A.
(44) Operating Statements and Rent Rolls. In the case of each Mortgage
Loan, the related Mortgage Loan Documents require the related Mortgagor, in some
cases at the request of the lender, to provide to the holder of such Mortgage
Loan operating statements and rent rolls not less frequently than annually
(except if the Mortgage Loan has an outstanding principal balance of less than
or equal to $3,500,000 as of the Cut-Off Date or the related Mortgaged Property
has only one tenant, in either of which cases, the Mortgage Loan Documents
require the Mortgagor, in some cases at the request of the lender, to provide to
the holder of such Mortgage Loan operating statements and (if there is more than
one tenant) rent rolls and/or financial statements of the Mortgagor annually),
and such other information as may be required therein.
(45) Appraisals. An appraisal of the related Mortgaged Property was
conducted in connection with the origination of such Mortgage Loan, and such
appraisal satisfied the guidelines in Title XI of the Financial Institutions
Reform, Recovery and Enforcement Act of 1989, as in effect on the date such
Mortgage Loan was originated.
SCHEDULE A
EXCEPTIONS TO REPRESENTATIONS AND WARRANTIES
LISTED IN EXHIBIT 2 REGARDING INDIVIDUAL MORTGAGE LOANS
Mortgage Loans Exceptions
25 - Prium Portfolio The Mortgaged Property is comprised of
six parcels. Two of the six parcels
(132 Spokane Street, Seattle and 0000
Xxxxxxxxxx Xxx, Xxxxxxxxxx Xxxxx) are
subject to a purchase option in favor
of a tenant at the respective parcel.
If either tenant exercises its
purchase option, Mortgagor has an
obligation to either substitute the
parcel in accordance with the terms of
the Mortgage Loan documents (including
without limitation, satisfaction of
debt service coverage and loan to
value requirements) or partially
defease the Loan at 120% of the
portion of the Loan allocated to the
parcel being released.
37 - The Hague Corporation The Mortgaged Property is subject to a
right of first refusal in favor of a
tenant (Rochester Gas & Electric
Corporation). The right of first
refusal does not apply to any transfer
of title through a foreclosure or a
deed-in-lieu of foreclosure, however,
subsequent transfers will be subject
to the right of first refusal.
47 - 880 Technology Drive The Mortgaged Property is subject to a
right of first refusal in favor of
tenant (Creative Solutions, a division
of Thomson Professional & Regulatory
Inc.).
70 - Xxxxxxx Portfolio -Orthopaedic The Mortgage Property is subject to a
Associates (C) right of first refusal in favor tenant
(Deaconess Hospital, Inc.). The right
of first refusal does not apply to any
transfer of title through a
foreclosure or a deed-in-lieu of
foreclosure, however, subsequent
transfers will be subject to the right
of first refusal.
93 - Bay Valley Foods The Mortgage Property is subject to a
right of first refusal in favor tenant
(Xxxx Specialty Foods Group, LLC). The
right of first refusal does not apply
to any transfer of title through a
foreclosure or a deed-in-lieu of
foreclosure, however, subsequent
transfers will be subject to the right
of first refusal.
98 - Lakewood House The Mortgaged Property is subject to a
right of first refusal in favor of
tenant (Verizon Wireless). The right
of first refusal does not apply to any
transfer of title through a
foreclosure or a deed-in-lieu of
foreclosure, however, subsequent
transfers will be subject to the right
of first refusal.
110 - San Marcos Self Storage The Mortgaged Property is subject to a
right to purchase in favor of the
ground lessor. If the ground lessor
exercises its purchase option,
Mortgagor has an obligation to repay
the Mortgage Loan in full accordance
with the terms of the Mortgage Loan
documents, which may include a yield
maintenance payment.
120 - Lowe's - Nampa The Mortgaged Property is subject to a
purchase option in favor of the sole
tenant (Lowe's HIW, Inc.), which
option may be exercised by the sole
tenant during the 15th year of the
tenant's lease (commencing as of
November, 2018). The anticipated
repayment date of the Mortgage Loan is
November 1, 2016, however the maturity
date of the Mortgage Loan is May, 2019.
163 - Doral Centre The Mortgaged Property is subject to a
right of first refusal in favor of
tenant (Verizon Wireless). The right
of first refusal does not apply to any
transfer of title through a
foreclosure or a deed-in-lieu of
foreclosure, however, subsequent
transfers will be subject to the right
of first refusal.
The Mortgaged Property is subject to a
right to purchase in favor of
Mortgagor's affiliate. The purchase
option becomes null and void upon a
transfer of title through a
foreclosure or a deed in lieu of
foreclosure.
208 - Walgreens Westfield The Mortgaged Property is subject to
the right of first refusal to purchase
the Mortgaged Property in favor of the
sole tenant (Walgreens). The right of
first refusal does not apply to any
transfer of title through a
foreclosure or a deed-in-lieu of
foreclosure, however, subsequent
transfers will be subject to the right
of first refusal.
211 - Xxxxxx Station The Mortgaged Property is subject to a
right to purchase in favor of a tenant
(West Rehab Services, Inc.).
Exceptions to Representation (7)
Mortgage Loans Exceptions
109 - Willow Trace Apartments A portion of the Mortgaged Property
will be condemned in connection with
the widening of Xxxxxxxxxx-Xxxxxxxx
Xxxx.
000 - Xxxxxx Xxxx Crossing The zoning report for the Mortgaged
Property indicated that plans are
being formed by the local municipality
for a future (2009) condemnation of a
portion of the Mortgaged Property in
connection with a right-of-way
enhancement, however, no plans have
been completed or funds appropriated
for such condemnation.
Exception to Representation (14)
Mortgage Loan Exception
208 - Walgreens Westfield Mortgagor may provide insurance
through its tenant and the respective
tenant on the Mortgaged Property has
the right to self insure in lieu of
third party insurance.
Exceptions to Representation (17)
Mortgage Loans Exceptions
110 - San Marcos Self Storage (e) The ground lease does not address
whether the ground lessor is required
to enter into a new lease with the
holder of the Mortgage Loan on terms
that do not materially vary from the
econominc terms of the existing ground
lease.
148 - Mass Mutual Building (j) The ground lease does not address
whether the ground lessor is required
to enter into a new lease upon a
termination of the ground lease in a
bankruptcy, however, the ground lease
does require the ground lessor to
enter into a new lease upon any
termination of the ground lease.
(k) The ground lease does not address
whether mortgagee is bound by any
amendment, termination, modification
or cancellation of the ground lease if
mortgagee's consent is not obtained,
however, the ground lease requires
that mortgagee's consent is obtained
in connection with any amendment,
termination modification or
cancellation of the ground lease.
Exceptions to Representation (21)
Mortgage Loans Exceptions
All LaSalle Loans With respect to each Mortgage Loan,
Seller may have received funds from a
party other than the owner of the
related Mortgaged Property which funds
were used for application and
commitment fees, escrow funds, points
and reimbursements for fees and
expenses incurred in connection with
the origination and funding of the
respective Mortgage Loan.
Exceptions to Representation (25)
Mortgage Loans Exceptions
1 RREEF Industrial Portfolio The Mortgaged Property is comprised of
multiple parcels. Up to six parcels in
any 12 month period may be substituted
for other parcels provided that the
allocated loan amount of the
individual property to be released
plus the allocated loan amount of all
properties previously released does
not exceed $125,000,000 (in the
aggregate) and subject to the
satisfaction of certain terms and
conditions set forth in the Mortgage
Loan documents including, without
limitation, satisfaction of debt
service coverage and loan to value
requirements.
17 - Meridian Plaza The Mortgage Loan documents for each
52 - Wichita Falls Portfolio Mortgage Loan require the mortgagee to
59 - Danube Portfolio grant releases of portions of each
69 - Xxxxxxx Portfolio -Stroudwater respective Mortgaged Property subject
Crossing (C) to the terms and conditions set forth
70 - Xxxxxxx Portfolio -Orthopaedic in the respective Mortgage Loan
Associates (C) documents.
00 - 00 Xxxxxx Xxxxx Xxxxx
000 - CapMar Office
138 - Oklahoma Self Storage Portfolio
000 - Xxxxxxx Xxxxx - Xxxxxxx, XX
227 - Xxxxxxx Portfolio
25 Prium Portfolio The Mortgaged Property is comprised of
six parcels. Two of the six parcels
(132 Spokane Street and 0000
Xxxxxxxxxx Xxx) are subject to a
purchase option in favor of a tenant
at the respective parcel. If either
tenant exercises its purchase option,
Mortgagor has an obligation to either
substitute the parcel in accordance
with the terms of the Mortgage Loan
documents (including without
limitation, satisfaction of debt
service coverage and loan to value
requirements) or partially defease the
Loan at 120% of the portion of the
Loan allocated to the parcel being
released.
Exceptions to Representation (29)
Mortgage Loans Exceptions
241 - Springhouse Office Park The Mortgaged Property is
non-conforming as to the building
set-back requirements. Mortgagor is
required to obtain law and ordinance
insurance no later than April 30,
2007. Until Mortgagor obtains law and
ordinance insurance, an additional
non-recourse carveout was added and is
in effect.
267 - Greentree Village The Mortgaged Property is currently
zoned for a manufacturing district,
however, the Mortgaged Property's is
currently used as a manufactured
housing community. The current use of
the Mortgaged Property is considered
legal non-conforming because the
ordinance changing the use to a
manufacturing district was adopted
after the construction of the
manufactured housing community.
Mortgagor is required to obtain law
and ordinance insurance in connection
with the renewal of all insurance
coverage for the Mortgaged Property.
Until Mortgagor obtains law and
ordinance insurance, the loan is full
recourse to the Mortgagor.
Exceptions to Representations (30), (4) and (8)
Mortgage Loans Exceptions
65 - Harbor Pointe With respect to each Mortgage Loan,
67 - Creekwood Landing there is an AB note structure in
75 - Colony Oaks by the Bay Apartments place. The holder of each Mortgage
117 - Arizona Commons II Loan and each B Note holder entered
135 - Leisure Village MHC into an intercreditor agreement.
249 - Huntingdon Plaza Shopping Center
121 - Stoneybrook Apartments Mortgagor has subordinate mortgage
debt in the original principal amount
of $550,000. The holder of the
Mortgage Loan and the subordinate
lender entered into a subordination
and standstill agreement.
Exceptions to Representation (31)
Mortgage Loans Exceptions
9 - Harbour Centre There is a pending SEC investigation
36 - NNN - One Northlake Park against the principal of a Mortgagor.
The investigation does not address
either Mortgaged Property. A guaranty
was executed for each Mortgage Loan by
such principal to indemnify the holder
of each Mortgage Loan from any losses
resulting from such investigation.
Exceptions to Representation (35)
Mortgage Loans Exceptions
0 XXXXX Xxxxxxxxx XXXXX Xxxxxxx REIT II ("RREEF") owns
100% of the shares in Mortgagor. The
Mortgage Loan documents permit
unlimited transfers of shares of RREEF
without the written consent of the
holder of the Mortgage Loan, subject
to the satisfaction of certain
conditions set forth in the Mortgage
Loan documents including, but not
limited to, (i) following such
transfer RREEF shall continue to be
under the day-to-day advisement of
RREEF America L.L.C. or an affiliate
of such entity is permitted to
transfer and (ii) such transfer does
not change Mortgagor's status as a
single purpose entity.
7 - Gateway Center IV The equity owners of Mortgagor have
existing mezzanine debt in the
original principal amount of
$7,550,000. The holder of the Mortgage
Loan and the mezzanine lender entered
into an intercreditor agreement.
The Mortgage Loan documents permit the
equity owners of Mortgagor to obtain
future mezzanine debt subject to the
satisfaction of certain conditions set
forth in the respective Mortgage Loan
documents including, but not limited
to, the repayment in full of the
existing mezzanine debt described
above.
12 - Broadway Office The Mortgage Loan documents permit the
15 - Xxxxx Xxxxxxxx Building equity owners of each Mortgagor to
17 - Meridian Plaza obtain future mezzanine debt subject
18 - Riverwood Corporate Center to the satisfaction of certain
62 - Walnut Hills Plaza conditions set forth in the respective
73 - Lincoln Park West Mortgage Loan documents.
000 - Xxxxxx Xxxxx Xxxxxxxxxx
000 - Xxx Xxxxxx Self Storage
158 - Canon Perdido Xxxxxx
000 - XxxXx - Xxxxx, XX
00 - Xxxxxx Xxxxxx The equity owners of Mortgagor have
existing mezzanine debt in the
original principal amount of $834,500.
The holder of the Mortgage Loan and
the mezzanine lender entered into an
intercreditor agreement.
67 - Creekwood Landing The equity owners of Mortgagor have
existing mezzanine debt in the
original principal amount of $750,000.
The holder of the Mortgage Loan and
the mezzanine lender entered into an
intercreditor agreement.
75 - Colony Oaks by the Bay Apartments The equity owners of Mortgagor have
existing mezzanine debt in the
original principal amount of $754,500.
The holder of the Mortgage Loan and
the mezzanine lender entered into an
intercreditor agreement.
121 - Stoneybrook Apartments Mortgagor has subordinate mortgage
debt in the original principal amount
of $550,000. The holder of the
Mortgage Loan and the subordinate
lender entered into an intercreditor
agreement.
142 - Xxxx Professional Plaza The Mortgaged Property is currently
owned by 2 Mortgagors as
tenants-in-common. The Mortgage Loan
documents permit a merger of the 2
Mortgagors without the prior consent
of the holder of the Mortgage, but
subject to certain conditions as set
forth in the Mortgage Loan documents.
Exceptions to Representation (36)
Mortgage Loans Exceptions
All LaSalle Loans Generally, the Mortgage Loan documents
do not have a non-recourse carveout
for "fraud or willful material
misrepresentation," but the Mortgage
Loan documents do include a
non-recourse carveout for "fraud,
willful misconduct or material
misrepresentation".
1 - RREEF Industrial Portfolio: With respect to each Mortgage Loan, no
9 - Harbour Centre natural person is liable for the
12 - Broadway Office non-recourse carveouts.
15 - Xxxxx Xxxxxxxx Building
31 - The Seasons at Horsetooth Crossing
32 - Pickerington Square
33 - ELS - Island Vista MHP
36 - NNN - One Northlake Park
77 - Xxxxxx Industrial
65 - Harbor Pointe
67 - Creekwood Landing
00 - Xxxxxx Xxxx xx xxx Xxx Xxxxxxxxxx
000 - The Commons
93 - Bay Valley Foods
7 - Gateway Center IV The Mortgage Loan documents do not
include a non-recourse carveout for
"fraud or willful material
misrepresentation", but the Mortgage
Loan documents do include a
non-recourse carveout for "fraud,
willful misconduct or intentional
material misrepresentation".
15 - Xxxxx Xxxxxxxx Building The respective Mortgage Loan documents
17 - Meridian Plaza do not include non-recourse carveouts
61 - University Heights II Student for "fraud or willful material
Housing misrepresentation" and
109 - Willow Trace Apartments "misappropriation of rents, insurance
160 - The Bluffs at Northwoods proceeds or condemnation awards", but
the Mortgage Loan documents do include
non-recourse carveouts for "fraud or
intentional misrepresentation" and
"misapplication or conversion of
rents, insurance proceeds or awards".
31 - The Seasons at Horsetooth Crossing The Mortgage Loan documents do not
include non-recourse carveouts for
"fraud or willful material
misrepresentation" and
"misappropriation of rents, insurance
proceeds or condemnation awards", but
the Mortgage Loan documents do include
non-recourse carveouts for "fraud or
intentional material
misrepresentation" and "misapplication
or conversion of rents, insurance
proceeds or condemnation awards".
33 - ELS - Island Vista MHP The Mortgage Loan documents do not
include a non-recourse carveout for
"misapplication, misappropriation or
conversion of rents, insurance
proceeds or condemnation awards", but
the Mortgage Loan documents do include
a non-recourse carveout for
"misapplication, misappropriation or
conversion of rents received after and
during the continuance of an event of
default, insurance proceeds or
condemnation awards".
36 - NNN - One Northlake Park The Mortgage Loan documents do not
include a non-recourse carveout for
"fraud or willful material
misrepresentation", but the Mortgage
Loan documents do include a
non-recourse carveout for "fraud or
material intentional
misrepresentation".
Exceptions to Representation (40)
Mortgage Loans Exceptions
22 - Xxxxxx'x Pointe Apartments Each Mortgagor was not formed solely
32 - Pickerington Square for the purpose of owning and
47 - 000 Xxxxxxxxxx Xxxxx operating its respective Mortgaged
49 - Shaker Run Apartments Property, however, as of the
origination of the Mortgage Loan the
organizational documents of each
Mortgagor were amended to provide
substantially to the effect that the
sole purpose of each Mortgagor shall
be limited to the ownership and
operation of its respective Mortgaged
Property.
Exceptions to Representation (44)
Mortgage Loans Exceptions
7 - Gateway Center IV Mortgagor is not required to obtain
terrorism insurance, if the cost to
obtain terrorism insurance exceeds
150% of the cost of the annual
insurance premium for the Mortgaged
Property without terrorism coverage.
However, a principal has signed a
carveout guaranty to cover any losses,
costs or damages which may result from
the failure to carry terrorism
insurance.
33 - ELS - Island Vista MHP Mortgagor is not required to obtain
terrorism insurance, however, the
Mortgaged Property is a manufactured
housing facility.
168 - Xxxxxxx Apartment Portfolio As of the closing of the Mortgage
Loan, Mortgagor did not have terrorism
insurance, however, a principal has
signed a carveout guaranty to cover
any losses, costs or damages which may
result from the failure to carry
terrorism insurance and Mortgagor is
required to obtain terrorism insurance
commencing September, 2007 (the date
on which Mortgagor will renew its
existing insurance coverage).
SCHEDULE B
LIST OF MORTGAGORS THAT ARE
THIRD-PARTY BENEFICIARIES UNDER SECTION 5(b)
None.
EXHIBIT 3
PURCHASE PRICE
Purchase Price $1,224,709,694
Accrued Interest $3,847,529
----------------
Total $1,228,557,224
EXHIBIT 4
XXXX OF SALE
1. Parties. The parties to this Xxxx of Sale are the following:
Seller: LaSalle Bank National Assoication
Purchaser: Xxxxxx Xxxxxxx Capital I Inc.
2. Sale. For value received, the Seller hereby conveys to the
Purchaser, without recourse, all right, title and interest in and to the
Mortgage Loans identified on Exhibit 1 (the "Mortgage Loan Schedule") to the
Mortgage Loan Purchase Agreement, dated as of December 1, 2006 (the "Mortgage
Loan Purchase Agreement"), between the Seller and the Purchaser and all of the
following property:
(a) All accounts, general intangibles, chattel paper, instruments,
documents, money, deposit accounts, certificates of deposit, goods,
letters of credit, advices of credit and investment property consisting
of, arising from or relating to any of the following property: the
Mortgage Loans identified on the Mortgage Loan Schedule including the
related Mortgage Notes, Mortgages, security agreements, and title, hazard
and other insurance policies, all distributions with respect thereto
payable after the Cut-Off Date, all substitute or replacement Mortgage
Loans and all distributions with respect thereto, and the Mortgage Files;
(b) All accounts, general intangibles, chattel paper, instruments,
documents, money, deposit accounts, certificates of deposit, goods,
letters of credit, advices of credit, investment property, and other
rights arising from or by virtue of the disposition of, or collections
with respect to, or insurance proceeds payable with respect to, or claims
against other Persons with respect to, all or any part of the collateral
described in clause (a) above (including any accrued discount realized on
liquidation of any investment purchased at a discount); and
(c) All cash and non-cash proceeds of the collateral described in
clauses (a) and (b) above.
3. Purchase Price. The amount and other consideration set forth on
Exhibit 3 to the Mortgage Loan Purchase Agreement.
4. Definitions. Terms used but not defined herein shall have the
meanings assigned to them in the Mortgage Loan Purchase Agreement.
IN WITNESS WHEREOF, each of the parties hereto has caused this Xxxx
of Sale to be duly executed and delivered on this 21st day of December, 2006.
SELLER: LASALLE BANK NATIONAL ASSOCIATION
By:
----------------------------------------
Name:
Title:
PURCHASER: XXXXXX XXXXXXX CAPITAL I INC.
By:
----------------------------------------
Name:
Title:
