EXECUTION COPY
LASALLE BANK MORTGAGE LOAN PURCHASE AGREEMENT
THIS MORTGAGE LOAN PURCHASE AGREEMENT (this "Agreement") is dated as
of July 25, 2007, between LASALLE BANK NATIONAL ASSOCIATION, as seller (the
"Seller"), and CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC. ("CCMSI"), as
purchaser (the "Purchaser").
The Seller intends to sell, and the Purchaser intends to purchase,
certain multifamily, commercial and/or manufactured housing community mortgage
loans (the "Mortgage Loans") identified on the schedule (the "Mortgage Loan
Schedule") annexed hereto as "Annex A". The Purchaser intends to deposit the
Mortgage Loans, along with certain other mortgage loans (the "Other Mortgage
Loans"), into a trust fund (the "Trust Fund"), the beneficial ownership of which
will be evidenced by multiple classes (each, a "Class") of mortgage pass-through
certificates (the "Certificates"). One or more "real estate mortgage investment
conduit" ("REMIC") elections will be made with respect to most of the Trust
Fund. The Trust Fund will be created and the Certificates will be issued
pursuant to a pooling and servicing agreement (the "Pooling and Servicing
Agreement"), to be dated as of July 1, 2007, among CCMSI, as depositor, Midland
Loan Services, Inc., Wachovia Bank, National Association and Capmark Finance
Inc., as master servicers (each, a "Master Servicer" and, together, the "Master
Servicers"), CWCapital Asset Management LLC, as special servicer (the "Special
Servicer"), Xxxxx Fargo Bank, National Association, as trustee (the "Trustee")
and LaSalle Bank National Association, as certificate administrator (the
"Certificate Administrator"). Capitalized terms used herein (including the
schedules attached hereto) but not defined herein (or in such schedules) have
the respective meanings set forth in the Pooling and Servicing Agreement.
CCMSI intends to sell certain Classes of the Certificates (the
"Publicly Offered Certificates") to Citigroup Global Markets Inc. ("CGMI"), PNC
Capital Markets LLC, Xxxxxx Brothers, Inc., Banc of America Securities LLC and
Capmark Securities Inc. (collectively, the "Dealers"), pursuant to an
underwriting agreement dated as of the date hereof (the "Underwriting
Agreement"), between CCMSI and the Dealers. The Publicly Offered Certificates
are more particularly described in a prospectus supplement dated July 25, 2007
(the "Prospectus Supplement") and the accompanying base prospectus dated July 9,
2007 (the "Base Prospectus" and, together with the Prospectus Supplement, the
"Prospectus").
CCMSI further intends to sell the remaining Classes of the
Certificates (the "Privately Offered Certificates") to CGMI, pursuant to a
certificate purchase agreement dated as of the date hereof (the "Certificate
Purchase Agreement"), among CCMSI and CGMI. The Privately Offered Certificates
are more particularly described in an offering memorandum dated July 25, 2007
(the "Memorandum").
Certain Classes of the Certificates will be assigned ratings by
Fitch, Inc., Xxxxx'x Investors Service, Inc. and/or Standard & Poor's Rating
Services, a division of The XxXxxx-Xxxx Companies, Inc. (together, the "Rating
Agencies").
In connection with its sale of the Mortgage Loans, the Seller shall
enter into an indemnification agreement dated as of the date hereof (the
"Indemnification Agreement"), between the Seller, CCMSI and the Dealers.
Now, therefore, in consideration of the premises and the mutual
agreements set forth herein, the parties agree as follows:
SECTION 1. Agreement to Purchase.
The Seller agrees to sell, and the Purchaser agrees to purchase, the
Mortgage Loans identified on the Mortgage Loan Schedule. The Mortgage Loan
Schedule may be amended to reflect the actual Mortgage Loans delivered to the
Purchaser pursuant to the terms hereof. The Mortgage Loans are expected to have
an aggregate principal balance as of the close of business on the Cut-off Date
(the "Initial Aggregate Mortgage Loan Balance") of $1,911,069,414 (subject to a
variance of plus or minus 5.0%), after giving effect to any payments due on or
before such date, whether or not such payments are received. The Initial
Aggregate Mortgage Loan Balance, together with the aggregate principal balance
of the Other Mortgage Loans as of the Cut-off Date (after giving effect to any
payments due on or before such date whether or not such payments are received),
is expected to equal an aggregate principal balance (the "Initial Pool Balance")
of $4,756,049,404 (subject to a variance of plus or minus 5.0%). The purchase
and sale of the Mortgage Loans shall take place on July 31, 2007 or such other
date as shall be mutually acceptable to the parties to this Agreement (the
"Closing Date"). The consideration (the "Aggregate Purchase Price") for the
Mortgage Loans shall consist of a cash amount, payable in immediately available
funds, as reflected on the settlement statement agreed to by the Seller and the
Purchaser, which amount shall include interest accrued on the Mortgage Loans for
the period from and including the Cut-off Date up to but not including the
Closing Date.
The Aggregate Purchase Price shall be paid to the Seller or its
designee by wire transfer in immediately available funds on the Closing Date.
The Seller hereby irrevocably directs the Purchaser to deliver to and deposit
with the Certificate Administrator or the applicable Master Servicer, as
appropriate in accordance with the Pooling and Servicing Agreement, that portion
of the Aggregate Purchase Price equal to the sum of the Initial Deposits for
those Mortgage Loans, if any, that constitute Initial Deposit Trust Mortgage
Loans.
SECTION 2. Conveyance of Mortgage Loans.
(a) Effective as of the Closing Date, subject only to receipt by
the Seller or its designee of the Aggregate Purchase Price and satisfaction or
waiver of the other conditions to closing that are for the benefit of the
Seller, the Seller does hereby sell, transfer, assign, set over and otherwise
convey to the Purchaser, without recourse (except as set forth in this
Agreement), all the right, title and interest of the Seller in and to the
Mortgage Loans identified on the Mortgage Loan Schedule as of such date, on a
servicing-released basis, together with all of the Seller's right, title and
interest in and to the proceeds of any related title, hazard, primary mortgage
or other insurance and any escrow, reserve or comparable accounts related to the
Mortgage Loans, subject, in the case of any Mortgage Loan that is part of a Loan
Combination, to the rights of the holder(s) of any other mortgage loan(s) in the
related Loan Combination in
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such proceeds and reserve or comparable accounts, and further subject to the
understanding that the Seller will sell certain servicing rights to the
applicable Master Servicer pursuant to that certain Servicing Rights Purchase
Agreement, dated as of the Closing Date, between such Master Servicer and the
Seller, and may require that a particular primary servicer remain in place with
respect to any or all of the Mortgage Loans.
(b) The Purchaser or its assignee shall be entitled to receive
all scheduled payments of principal and interest due after the Cut-off Date, and
all other recoveries of principal and interest collected after the Cut-off Date
(other than in respect of principal and interest on the Mortgage Loans due on or
before the Cut-off Date). All scheduled payments of principal and interest due
on or before the Cut-off Date but collected after the Cut-off Date, and
recoveries of principal and interest collected on or before the Cut-off Date
(only in respect of principal and interest on the Mortgage Loans due on or
before the Cut-off Date and principal prepayments thereon), shall belong to, and
shall be promptly remitted to, the Seller.
(c) No later than the Closing Date, with respect to each
Mortgage Loan that is a Serviced Trust Mortgage Loan, the Seller shall, on
behalf of the Purchaser, deliver or cause to be delivered to the Trustee (with a
copy (except in the case of any letter of credit referred to in clause (xi)(D)
below) to the applicable Master Servicer and the Special Servicer within ten
(10) Business Days after the Closing Date) the documents and instruments
specified below under clauses (i), (ii), (vii), (ix)(A) and (xi)(D) and shall,
not later than the date that is 30 days after the Closing Date, deliver or cause
to be delivered to the Trustee (with a copy to the applicable Master Servicer)
the remaining documents and instruments specified below (the documents and
instruments specified below, collectively, with respect to each Mortgage Loan
that is a Serviced Trust Mortgage Loan, the "Mortgage File"). The Mortgage File
for each Mortgage Loan that is a Serviced Trust Mortgage Loan shall contain the
following documents:
(i) (A) the original executed Mortgage Note including any
power of attorney related to the execution thereof, together with any and
all intervening endorsements thereon, endorsed on its face or by allonge
attached thereto (without recourse, representation or warranty, express or
implied) to the order of "Xxxxx Fargo Bank, National Association, as
trustee for the registered holders of Citigroup Commercial Mortgage Trust
2007-C6, Commercial Mortgage Pass-Through Certificates, Series 2007-C6",
or in blank (or a lost note affidavit and indemnity with a copy of such
Mortgage Note attached thereto) and (B) if the subject Mortgage Loan is
part of a Serviced Loan Combination, a copy of the executed Mortgage Note
for each related Serviced Non-Trust Mortgage Loan;
(ii) an original or a copy of the Mortgage, together with
any and all intervening assignments thereof, in each case (unless not yet
returned by the applicable recording office) with evidence of recording
indicated thereon or certified by the applicable recording office;
(iii) an original or a copy of any related Assignment of
Leases (if such item is a document separate from the Mortgage), together
with any and all intervening assignments thereof, in each case (unless not
yet returned by the applicable recording
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office) with evidence of recording indicated thereon or certified by the
applicable recording office;
(iv) an original executed assignment, in recordable form
(except for any missing recording information and, if delivered in blank,
the name of the assignee), of (A) the Mortgage, (B) any related Assignment
of Leases (if such item is a document separate from the Mortgage) and (C)
any other recorded document relating to the subject Mortgage Loan
otherwise included in the Mortgage File, in favor of "Xxxxx Fargo Bank,
National Association, as trustee for the registered holders of Citigroup
Commercial Mortgage Trust 2007-C6, Commercial Mortgage Pass-Through
Certificates, Series 2007-C6" (and, if the subject Mortgage Loan is part
of a Serviced Loan Combination, also on behalf of the related Serviced
Non-Trust Mortgage Loan Noteholder(s)), or in blank;
(v) an original assignment of all unrecorded documents
relating to the subject Mortgage Loan (to the extent not already covered
by the assignment to be delivered pursuant to clause (iv) above), in favor
of "Xxxxx Fargo Bank, National Association, as trustee for the registered
holders of Citigroup Commercial Mortgage Trust 2007-C6, Commercial
Mortgage Pass-Through Certificates, Series 2007-C6" (and, if the subject
Mortgage Loan is part of a Serviced Loan Combination, also on behalf of
the related Serviced Non-Trust Mortgage Loan Noteholder(s)), or in blank;
(vi) originals or copies of any consolidation, assumption,
substitution and modification agreements in those instances where the
terms or provisions of the Mortgage or Mortgage Note have been
consolidated or modified or the subject Mortgage Loan has been assumed or
consolidated;
(vii) the original or a copy of the policy or certificate
of lender's title insurance or, if such policy has not been issued or
located, an original or copy of an irrevocable, binding commitment (which
may be a pro forma policy or specimen version of, or a marked commitment
for, the policy that has been executed by an authorized representative of
the title company or an agreement to provide the same pursuant to binding
escrow instructions executed by an authorized representative of the title
company) to issue such title insurance policy;
(viii) any filed copies (bearing evidence of filing) or
other evidence of filing reasonably satisfactory to the Purchaser of any
prior UCC Financing Statements in favor of the originator of the subject
Mortgage Loan or in favor of any assignee prior to the Trustee (but only
to the extent the Seller had possession of such UCC Financing Statements
when it was to deliver the subject Mortgage File on or prior to the
Closing Date), unless not yet returned by the applicable filing office;
and, if there is an effective UCC Financing Statement in favor of the
Seller on record with the applicable public office for UCC Financing
Statements, an original UCC Financing Statement assignment, in form
suitable for filing in favor of "Xxxxx Fargo Bank, National Association,
as trustee for the registered holders of Citigroup Commercial Mortgage
Trust 2007-C6, Commercial Mortgage Pass-Through Certificates, Series
2007-C6" (and, if the subject Mortgage Loan is part of a Serviced Loan
Combination, also on behalf of the related Serviced Non-Trust Mortgage
Loan Noteholder(s)), as assignee, or in blank;
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(ix) an original or a copy of any (A) Ground Lease and
ground lessor estoppel, (B) loan guaranty or indemnity, (C) lender's
environmental insurance policy or (D) lease enhancement policy;
(x) any intercreditor, co-lender or similar agreement
relating to permitted debt of the Mortgagor and any intercreditor
agreement relating to mezzanine debt related to the Mortgagor; and
(xi) copies of any (A) loan agreement, (B) escrow
agreement, (C) security agreement or (D) letter of credit relating to a
Trust Mortgage Loan (with the original of any such letter of credit to be
delivered to the applicable Master Servicer).
No later than the Closing Date, with respect to each Mortgage Loan that is
an Outside Serviced Trust Mortgage Loan, the Seller shall, on behalf of the
Purchaser, deliver or cause to be delivered to the Trustee the documents and
instruments specified below (collectively, with respect to each Mortgage Loan
that is an Outside Serviced Trust Mortgage Loan, the "Mortgage File"). The
Mortgage File for each Mortgage Loan that is an Outside Serviced Trust Mortgage
Loan shall contain the following documents:
(x) the original executed Mortgage Note for such the
subject Mortgage Loan including any power of attorney related to the
execution thereof, together with any and all intervening endorsements
thereon, endorsed on its face or by allonge attached thereto (without
recourse, representation or warranty, express or implied) to the order of
"Xxxxx Fargo Bank, National Association, as trustee for the registered
holders of Citigroup Commercial Mortgage Trust 2007-C6, Commercial
Mortgage Pass-Through Certificates, Series 2007-C6" or in blank, (or a
lost note affidavit and indemnity with a copy of such Mortgage Note
attached thereto);
(y) an executed copy of the related Co-Lender Agreement;
and
(z) an executed copy of the related Outside Servicing
Agreement (or, if not delivered on the Closing Date, within five (5)
Business Days of such Outside Servicing Agreement being duly delivered and
becoming effective).
The Seller hereby further represents and warrants that with respect to the
Outside Serviced Trust Mortgage Loans, it has delivered to the Outside Trustee
the documents constituting the "mortgage file" within the meaning of the related
Outside Servicing Agreement in connection with its sale of one or more of the
related Non-Trust Mortgage Loans to the depositor for the commercial mortgage
securitization transaction to which such Outside Servicing Agreement relates.
The foregoing document delivery requirement shall be subject to
Section 2.01(c) of the Pooling and Servicing Agreement.
With respect to any cross-collateralized and cross-defaulted
Mortgage Loans, the existence in the Mortgage File for any such Crossed Loan of
any document required to be included therein shall be sufficient to satisfy the
requirements of this Agreement for delivery of such document as a part of the
Mortgage File for the other Crossed Loan(s) in the subject
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Crossed Group, to the extent that such document is also required to be part of
the Mortgage File for such other Crossed Loan(s) in the subject Crossed Group.
References in this Agreement to "Document Defect" mean that any
document constituting part of the Mortgage File for any Mortgage Loan has not
been properly executed, is missing (beyond the time period required for its
delivery hereunder), contains information that does not conform in any material
respect with the corresponding information set forth in the Mortgage Loan
Schedule or does not appear regular on its face.
(d) The Seller, at its own cost and expense, shall retain an
independent third party (the "Recording/Filing Agent") that shall, as to each
Mortgage Loan (other than Outside Serviced Trust Mortgage Loans), promptly (and
in any event, as to any such Mortgage Loan, within 90 days following the later
of (i) the Closing Date and (ii) the delivery of the related Mortgage(s),
Assignment(s) of Leases, recordable documents and UCC Financing Statements to
the Trustee) complete (if and to the extent necessary) and cause to be submitted
for recording or filing, as the case may be, in favor of the Trustee in the
appropriate public office for real property records or UCC Financing Statements,
as appropriate, each assignment of Mortgage, assignment of Assignment of Leases
and assignment of any other recordable documents relating to each such Mortgage
Loan, referred to in Sections 2(c)(iv)(A), (B) and (C) and each assignment of a
UCC Financing Statement in favor of the Trustee and so delivered to the Trustee
and referred to in Section 2(c)(viii). The Seller shall cause the recorded
original of each such assignment of recordable documents to be delivered to the
Trustee or its designee following recording, and shall cause the file copy of
each such UCC Financing Statement to be delivered to the Trustee or its designee
following filing; provided that in those instances where the public recording
office retains the original assignment of Mortgage or assignment of Assignment
of Leases, the Seller or the Recording/Filing Agent shall obtain therefrom a
copy of the recorded original, which shall be delivered to the Trustee or its
designee. 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
promptly prepare or cause to be prepared a substitute therefor or cure such
defect, as the case may be, and thereafter cause the same to be duly recorded or
filed, as appropriate. The Seller shall be responsible for the out-of-pocket
costs and expenses of the Purchaser, any party to the Pooling and Servicing
Agreement, the Recording/Filing Agent and itself in connection with its
performance of the recording, filing and delivery obligations contemplated
above.
(e) The Seller shall deliver or cause to be delivered to the
applicable Master Servicer or such Master Servicer's designee: (i) within ten
(10) days after the Closing Date, all documents and records in the Seller's
possession (except draft documents, attorney-client privileged communications
and internal correspondence, credit underwriting or due diligence analyses,
credit committee briefs or memoranda or other internal approval documents or
data or internal worksheets, memoranda, communications or evaluations and other
underwriting analysis of the Seller) relating to, and necessary for the
servicing and administration of, each Mortgage Loan (other than an Outside
Serviced Trust Mortgage Loan) and that are not required to be part of the
Mortgage File in accordance with the definition thereof (including, without
limitation, any original letters of credit relating to any Mortgage Loan); and
(ii) within two (2) Business Days after the Closing Date, any and all escrow
amounts and reserve amounts in the Seller's possession or under its control that
relate to the Mortgage Loans (other than an Outside Serviced Trust Mortgage
Loan).
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(f) The Seller shall take such actions as are reasonably
necessary to assign or otherwise grant to the Trust Fund the benefit of any
letters of credit in the name of the Seller which secure any Mortgage Loan
(other than an Outside Serviced Trust Mortgage Loan). Without limiting the
generality of the foregoing, if a draw upon any such letter of credit is
required before its transfer to the Trust Fund can be completed, the Seller
shall draw upon such letter of credit for the benefit of the Trust pursuant to
written instructions from the applicable Master Servicer.
(g) After the Seller's transfer of the Mortgage Loans to or at
the direction of the Purchaser, the Seller shall not take any action to suggest
that the Purchaser is not the legal owner of the Mortgage Loans.
SECTION 3. Representations, Warranties and Covenants of Seller.
(a) The Seller hereby represents and warrants to and covenants
with the Purchaser, as of the date hereof, that:
(i) The Seller is a national banking association organized
and validly existing and in good standing under the laws of the United
States and possesses all requisite authority, power, licenses, permits and
franchises to carry on its business as currently conducted by it and to
execute, deliver and comply with its obligations under the terms of this
Agreement;
(ii) This Agreement has been duly and validly authorized,
executed and delivered by the Seller and, assuming due authorization,
execution and delivery hereof by the Purchaser, constitutes a legal, valid
and binding obligation of the Seller, enforceable against the Seller in
accordance with its terms, except as such enforcement may be limited by
bankruptcy, insolvency, reorganization, receivership, moratorium and other
laws affecting the enforcement of creditors' rights in general, as they
may be applied in the context of the insolvency of a national banking
association, and by general equity principles (regardless of whether such
enforcement is considered in a proceeding in equity or at law), and by
public policy considerations underlying the securities laws, to the extent
that such public policy considerations limit the enforceability of the
provisions of this Agreement which purport to provide indemnification from
liabilities under applicable securities laws;
(iii) The execution and delivery of this Agreement by the
Seller and the Seller's performance and compliance with the terms of this
Agreement will not (A) violate the Seller's organizational documents, (B)
violate any law or regulation or any administrative decree or order to
which it is subject or (C) constitute a material default (or an event
which, with notice or lapse of time, or both, would constitute a material
default) under, or result in the breach of, any material contract,
agreement or other instrument to which the Seller is a party or by which
the Seller is bound, which violation, default or breach, in the case of
either clause (iii)(B) or (iii)(C) might have consequences that would, in
the Seller's reasonable and good faith judgment, materially and adversely
affect the financial condition or the operations of the Seller or its
properties
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(taken as a whole) or have consequences that would materially and
adversely affect its performance hereunder;
(iv) The Seller is not in default with respect to any order
or decree of any court or any order, regulation or demand of any federal,
state, municipal or other governmental agency or body, which default might
have consequences that would, in the Seller's reasonable and good faith
judgment, materially and adversely affect the financial condition or the
operations of the Seller or its properties (taken as a whole) or have
consequences that would materially and adversely affect its performance
hereunder;
(v) The Seller is not a party to or bound by any agreement
or instrument or subject to any other corporate restriction or any
judgment, order, writ, injunction, decree, law or regulation that would,
in the Seller's reasonable and good faith judgment, materially and
adversely affect the ability of the Seller to perform its obligations
under this Agreement or that requires the consent of any third person to
the execution of this Agreement or the performance by the Seller of its
obligations under this Agreement (except to the extent such consent has
been obtained);
(vi) No consent, approval, authorization or order of any
court or governmental agency or body is required for the execution,
delivery and performance by the Seller of, or compliance by the Seller
with, this Agreement or the consummation of the transactions involving the
Seller contemplated by this Agreement except as have previously been
obtained, and no bulk sale law applies to such transactions;
(vii) No litigation is pending or, to the Seller's
knowledge, threatened against the Seller that would, in the Seller's good
faith and reasonable judgment, prohibit its entering into this Agreement
or materially and adversely affect the performance by the Seller of its
obligations under this Agreement; and
(viii) For purposes of accounting under generally accepted
accounting principles ("GAAP"), and for federal income tax purposes, the
Seller will report the transfer of the Mortgage Loans to the Purchaser as
a sale of the Mortgage Loans to the Purchaser in exchange for
consideration contemplated by this Agreement. The consideration received
by the Seller upon the sale of the Mortgage Loans to the Purchaser will
constitute at least reasonably equivalent value and fair consideration for
the Mortgage Loans. The Seller will be solvent at all relevant times prior
to, and will not be rendered insolvent by, the sale of the Mortgage Loans
to the Purchaser. The Seller is not transferring the Mortgage Loans to the
Purchaser with any intent to hinder, delay or defraud any of the creditors
of the Seller or on account of an antecedent debt.
(b) The Seller hereby makes, on the date hereof and on the
Closing Date, the representations and warranties contained in Schedule I and
Schedule II hereto with respect to each Mortgage Loan, for the benefit of the
Purchaser, which representations and warranties are subject to the exceptions
set forth on Schedules III and IV. References in this Agreement to "Breach" mean
a breach of any such representations and warranties made pursuant to this
Section 3(b) with respect to any Mortgage Loan.
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(c) If the Seller receives, pursuant to Section 2.03(a) of the
Pooling and Servicing Agreement, written notice of a Document Defect or a Breach
relating to a Mortgage Loan, and if such Document Defect or Breach shall
materially and adversely affect the value of the applicable Mortgage Loan or the
interests of the Certificateholders therein, then the Seller shall, not later
than ninety (90) days from receipt of such notice (or, in the case of a Document
Defect or Breach relating to a Mortgage Loan not being a "qualified mortgage"
within the meaning of the REMIC Provisions (a "Qualified Mortgage"), not later
than ninety (90) days from any party to the Pooling and Servicing Agreement
discovering such Document Defect or Breach, provided the Seller receives such
notice in a timely manner), cure such Document Defect or Breach, as the case may
be, in all material respects, or, if such Document Defect or Breach (other than
omissions solely due to a document not having been returned by the related
recording office) cannot be cured within such 90-day period, (i) repurchase the
affected Mortgage Loan at the applicable Purchase Price not later than the end
of such 90-day period, or (ii) substitute a Qualified Substitute Mortgage Loan
for such affected Mortgage Loan not later than the end of such 90-day period
(and in no event later than the second anniversary of the Closing Date) and pay
the applicable Master Servicer for deposit into its Collection Account, any
Substitution Shortfall Amount in connection therewith; provided that, if a
Document Defect or Breach is capable of being cured but not within such 90-day
period and the Seller has commenced and is diligently proceeding with the cure
of such Document Defect or Breach within such 90-day period, then unless such
Document Defect or Breach would cause the Mortgage Loan not to be a Qualified
Mortgage, such Seller shall have an additional 90 days to complete such cure
(or, failing such cure, to repurchase or substitute for the related Mortgage
Loan); and provided, further, that with respect to such additional 90-day period
the Seller shall have delivered an officer's certificate to the Trustee setting
forth what actions the Seller is pursuing in connection with the cure thereof
and stating that the Seller anticipates that such Document Defect or Breach will
be cured within the additional 90-day period; and provided, further, that if the
cure of any Document Defect or Breach would require an expenditure on the part
of the Seller in excess of $10,000, then the Seller may, at its option, within
the time period provided above, elect to purchase or replace the affected
Mortgage Loan in accordance with this Section 3 without attempting to cure such
Document Defect or Breach, as the case may be. For a period of two years from
the Closing Date, so long as there remains any Mortgage File relating to a
Mortgage Loan as to which there is an uncured Document Defect that materially
and adversely affects the value of the applicable Mortgage Loan or the interests
of the Certificateholders therein, the Seller shall provide the officer's
certificate to the Trustee described above as to the reasons such Document
Defect remains uncured and as to the actions being taken to pursue cure.
No substitution of a Qualified Substitute Mortgage Loan or Qualified
Substitute Mortgage Loans may be made in any calendar month after the
Determination Date in such month. Periodic Payments due with respect to any
Qualified Substitute Mortgage Loan after the related due date in the month of
substitution shall be part of the Trust Fund, and Periodic Payments received
with respect to the replaced Mortgage Loan or a repurchased Mortgage Loan after
the related date of substitution or repurchase, as the case may be, shall belong
to the Seller. Periodic Payments due with respect to any Qualified Substitute
Mortgage Loan on or prior to the related due date in the month of substitution
shall not be part of the Trust Fund and shall be remitted to the Seller promptly
following receipt, and Periodic Payments received with respect to the replaced
Mortgage Loan or a repurchased Mortgage Loan up to and including the related
date of substitution or repurchase, as the case may be, shall belong to the
Trust Fund.
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(d) If (i) any Mortgage Loan is required to be repurchased or
substituted for in the manner described above, (ii) such Mortgage Loan is a
Crossed Loan, and (iii) the applicable Document Defect or Breach does not
constitute a Document Defect or Breach, as the case may be, as to any other
Crossed Loan in such Crossed Group (without regard to this paragraph), then the
applicable Document Defect or Breach, as the case may be, will be deemed to
constitute a Document Defect or Breach, as the case may be, as to each other
Crossed Loan in the Crossed Group for purposes of this paragraph, and the Seller
will be required to repurchase or substitute for the remaining Crossed Loan(s)
in the related Crossed Group as provided above, unless: (x) such other Crossed
Loans in such Crossed Group satisfy the Crossed Loan Repurchase Criteria; (y)
the Seller (at its expense) shall have furnished the Trustee with an Opinion of
Counsel to the effect that the repurchase of or substitution for the affected
Crossed Loan only, including, without limitation, any modification required with
respect to such repurchase or substitution, shall not cause an Adverse REMIC
Event; and (z) the repurchase of or substitution for the affected Crossed Loan
only shall satisfy all other criteria for repurchase or substitution, as
applicable, of Mortgage Loans set forth herein or in the Pooling and Servicing
Agreement. If the conditions set forth in clauses (x), (y) and (z) of the prior
sentence are satisfied, the Seller may elect either to repurchase or substitute
for only the affected Crossed Loan as to which the related Document Defect or
Breach exists or to repurchase or substitute for all of the Crossed Loans in the
related Crossed Group. The Seller shall be responsible for the cost of any
Appraisal required to be obtained by the applicable Master Servicer to determine
if the Crossed Loan Repurchase Criteria have been satisfied, so long as the
scope and cost of such Appraisal has been approved by the Seller (such approval
not to be unreasonably withheld). To the extent that the Seller is required to
purchase or substitute for a Crossed Loan hereunder in the manner prescribed
above while the Purchaser continues to hold any other Crossed Loans in such
Crossed Group, neither the Seller nor the Purchaser shall enforce any remedies
against the other's Primary Collateral, but each is permitted to exercise
remedies against the Primary Collateral securing its respective Crossed Loans,
including, with respect to the Purchaser, the Primary Collateral securing the
Crossed Loans still held by the Purchaser, so long as such exercise does not
materially impair the ability of the other party to exercise its remedies
against its Primary Collateral.
If the exercise of remedies by one party would materially impair the
ability of the other party to exercise its remedies with respect to the Primary
Collateral securing the Crossed Loans held by such party, then the Seller and
the Purchaser shall forbear from exercising such remedies until the Mortgage
Loan documents evidencing and securing the relevant Crossed Loans can be
modified in a manner that complies with this Agreement to remove the threat of
material impairment as a result of the exercise of remedies or some other
accommodation can be reached. Any reserve or other cash collateral or letters of
credit securing the Crossed Loans shall be allocated between such Crossed Loans
in accordance with the Mortgage Loan documents or, if not specified in the
related Mortgage Loan documents, on a pro rata basis based upon their
outstanding Stated Principal Balances. Notwithstanding the foregoing, if a
Crossed Loan included in the Trust Fund is modified to terminate the related
cross-collateralization and/or cross-default provisions, as a condition to such
modification, the Seller shall furnish to the Trustee an Opinion of Counsel that
such modification shall not cause an Adverse REMIC Event. Any expenses incurred
by the Purchaser in connection with such modification or accommodation
(including but not limited to recoverable attorney fees) shall be paid by the
Seller.
10
Notwithstanding any of the foregoing provisions of this Section
3(d), if there is a Document Defect or Breach (which Document Defect or Breach
shall materially and adversely affect the value of the related Mortgage Loan or
the interests of the Certificateholders therein) with respect to one or more
Mortgaged Properties with respect to a Mortgage Loan, the Seller shall not be
obligated to repurchase or replace the Mortgage Loan if (i) the affected
Mortgaged Property(ies) may be released pursuant to the terms of any partial
release provisions in the related Mortgage Loan documents (and such Mortgaged
Property(ies) are, in fact, released) and, to the extent not covered by the
applicable release price (if any) required under the related Mortgage Loan
documents, the Seller pays (or causes to be paid) any additional amounts
necessary to cover all reasonable out-of-pocket expenses reasonably incurred by
the applicable Master Servicer, the Special Servicer, the Trustee, the
Certificate Administrator or the Trust Fund in connection with such release,
(ii) the remaining Mortgaged Property(ies) satisfy the requirements, if any, set
forth in the related Mortgage Loan documents and the Seller provides an opinion
of counsel to the effect that such release would not cause any REMIC created
under the Pooling and Servicing Agreement to fail to qualify as a REMIC under
the Code or result in the imposition of any tax on "prohibited transactions" or
"contributions" after the Startup Day under the REMIC Provisions and (iii) the
Seller obtains from each Rating Agency then rating the Certificates and delivers
to the Trustee and the applicable Master Servicer written confirmation that such
release would not cause the then-current ratings of the Certificates rated by it
to be qualified, downgraded or withdrawn.
(e) In connection with any permitted repurchase or substitution of
one or more Mortgage Loans contemplated hereby, upon receipt of a certificate
from a Servicing Officer certifying as to the receipt of the Purchase Price or
Substitution Shortfall Amount(s), as applicable, in the Collection Account
maintained by the applicable Master Servicer, and the delivery of the Mortgage
File(s) and the Servicing File(s) for the related Qualified Substitute Mortgage
Loan(s) to the Trustee and the applicable Master Servicer, respectively, if
applicable, (i) the Trustee shall execute and deliver such endorsements and
assignments as are provided to it by the applicable Master Servicer or the
Seller, in each case without recourse, representation or warranty, as shall be
necessary to vest in the Seller, the legal and beneficial ownership of each
repurchased Mortgage Loan or replaced Mortgage Loan, as applicable, (ii) the
Trustee, the applicable Master Servicer and the Special Servicer shall each
tender to the Seller, upon delivery to each of them of a receipt executed by the
Seller, all portions of the Mortgage File and other documents pertaining to such
Mortgage Loan possessed by it, and (iii) the applicable Master Servicer and the
Special Servicer shall release to the Seller any Escrow Payments and Reserve
Funds held by it in respect of such repurchased or replaced Mortgage Loans.
(f) This Section 3 provides the sole remedy available to the
Certificateholders or the Trustee on behalf of the Certificateholders,
respecting any Document Defect or Breach and the Purchaser acknowledges and
agrees that the representations and warranties made herein by the Seller
pursuant to Section 3(b) are solely for risk allocation purposes.
11
SECTION 4. Representations and Warranties of the Purchaser. In
order to induce the Seller to enter into this Agreement, the Purchaser hereby
represents and warrants for the benefit of the Seller as of the date hereof
that:
(a) The Purchaser is a corporation duly organized, validly
existing and in good standing under the laws of the State of Delaware. The
Purchaser has the full corporate power and authority and legal right to acquire
the Mortgage Loans from the Seller and to transfer the Mortgage Loans to the
Trustee.
(b) This Agreement has been duly and validly authorized, executed
and delivered by the Purchaser, all requisite action by the Purchaser's
directors and officers has been taken in connection therewith, and (assuming the
due authorization, execution and delivery hereof by the Seller) this Agreement
constitutes the valid, legal and binding agreement of the Purchaser, enforceable
against the Purchaser in accordance with its terms, except as such enforcement
may be limited by (i) laws relating to bankruptcy, insolvency, reorganization,
receivership or moratorium, (ii) other laws relating to or affecting the rights
of creditors generally, or (iii) general equity principles (regardless of
whether such enforcement is considered in a proceeding in equity or at law).
(c) The Purchaser is not a party to or bound by any agreement or
instrument or subject to any other corporate restriction or any judgment, order,
writ, injunction, decree, law or regulation that would, in the Purchaser's
reasonable and good faith judgment, materially and adversely affect the ability
of the Purchaser to perform its obligations under this Agreement or that
requires the consent of any third person to the execution of this Agreement or
the performance by the Purchaser of its obligations under this Agreement (except
to the extent such consent has been obtained).
(d) No consent, approval, authorization or order of any court or
governmental agency or body is required for the execution, delivery and
performance by such Purchaser of, or compliance by such Purchaser with, this
Agreement or the consummation of the transactions of such contemplated by this
Agreement, except for any consent, approval, authorization or order which has
been obtained prior to the actual performance by such Purchaser of its
obligations under this Agreement, or which, if not obtained would not have a
materially adverse effect on the ability of such Purchaser to perform its
obligations hereunder.
(e) None of the acquisition of the Mortgage Loans by the
Purchaser, the transfer of the Mortgage Loans to the Trustee, and the execution,
delivery or performance of this Agreement by the Purchaser, results or will
result in the creation or imposition of any lien on any of the Purchaser's
assets or property, or conflicts or will conflict with, results or will result
in a breach of, or constitutes or will constitute a default under (i) any term
or provision of the Purchaser's certificate of incorporation or bylaws, (ii) any
term or provision of any material agreement, contract, instrument or indenture,
to which the Purchaser is a party or by which the Purchaser is bound, or (iii)
any law, rule, regulation, order, judgment, writ, injunction or decree of any
court or governmental authority having jurisdiction over the Purchaser or its
assets, which default might have consequences that would, in the Purchaser's
reasonable and good faith judgment, materially and adversely affect the
condition (financial or other) or operations of the
12
Purchaser or its properties or have consequences that would materially and
adversely affect its performance hereunder.
(f) Under GAAP and for federal income tax purposes, the Purchaser
will report the transfer of the Mortgage Loans by the Seller to the Purchaser as
a sale of the Mortgage Loans to the Purchaser in exchange for the consideration
contemplated by this Agreement.
(g) There is no action, suit, proceeding or investigation pending
or to the knowledge of the Purchaser, threatened against the Purchaser in any
court or by or before any other governmental agency or instrumentality which
would, in the Purchaser's reasonable and good faith judgment, materially and
adversely affect the validity of this Agreement or any action taken in
connection with the obligations of the Purchaser contemplated herein, or which
would be likely to impair materially the ability of the Purchaser to enter into
and/or perform under the terms of this Agreement.
(h) The Purchaser is not in default with respect to any order or
decree of any court or any order, regulation or demand of any federal, state,
municipal or governmental agency, which default might have consequences that
would materially and adversely affect the condition (financial or other) or
operations of the Purchaser or its properties or might have consequences that
would materially and adversely affect its performance hereunder.
SECTION 5. Closing. The closing of the sale of the Mortgage
Loans (the "Closing") shall be held at the offices of Xxxxxxx Xxxxxxxx & Xxxx
LLP, New York, New York on the Closing Date.
The Closing shall be subject to each of the following
conditions:
(a) All of the representations and warranties of the Seller set
forth in or made pursuant to Section 3(a) and Section 3(b) of this Agreement and
all of the representations and warranties of the Purchaser set forth in Section
4 of this Agreement shall be true and correct in all material respects as of the
Closing Date;
(b) The Pooling and Servicing Agreement (to the extent it affects
the obligations of the Seller hereunder) and all documents specified in Section
6 of this Agreement (the "Closing Documents"), in such forms as are agreed upon
and acceptable to CCMSI, the Seller, the Dealers and their respective counsel in
their reasonable discretion, shall be duly executed and delivered by all
signatories as required pursuant to the respective terms thereof;
(c) The Seller or its designee shall have delivered and released
to the Trustee (or a Custodian on its behalf) and the applicable Master
Servicer, respectively, all documents represented to have been or required to be
delivered to the Trustee and such Master Servicer on or before the Closing Date
pursuant to Section 2 of this Agreement;
(d) All other terms and conditions of this Agreement required to
be complied with on or before the Closing Date shall have been complied with in
all material respects and the Seller and the Purchaser shall each 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;
13
(e) The Seller shall have paid all fees and expenses payable by it
to CCMSI or otherwise pursuant to this Agreement as of the Closing Date; and
(f) CCMSI and the Dealers shall have received letters from an
independent accounting firm reasonably acceptable to CCMSI and the Seller in
form satisfactory to CCMSI, relating to certain information regarding the
Mortgage Loans and Certificates as set forth in the Prospectus, the Prospectus
Supplement and other disclosure documents.
Both parties agree to use their best efforts to perform their
respective obligations hereunder in a manner that will enable the Purchaser to
purchase the Mortgage Loans on the Closing Date.
SECTION 6. Closing Documents. The Closing Documents shall consist
of the following:
(a) This Agreement, the Pooling and Servicing Agreement and the
Indemnification Agreement, in each case duly executed by all parties thereto;
(b) A certificate of the Seller, executed by the Seller and dated
the Closing Date, and upon which CCMSI and the Dealers may rely, to the effect
that: (i) the representations and warranties of the Seller in this Agreement and
the Indemnification Agreement are true and correct in all material respects at
and as of the Closing Date with the same effect as if made on such date,
subject, in the case of the representations and warranties made by the Seller
pursuant to Section 3(b) of this Agreement, to the exceptions to such
representations and warranties set forth in Schedules III and IV to this
Agreement; and (ii) the Seller has, in all material respects, complied with all
the agreements and satisfied all the conditions on its part that are required
under this Agreement to be performed or satisfied at or prior to the Closing
Date;
(c) An officer's certificate from the Seller, dated the Closing
Date, and upon which CCMSI and the Dealers may rely, to the effect that each
individual who, as an officer or representative of the Seller, signed this
Agreement or any other document or certificate delivered on or before the
Closing Date in connection with the transactions contemplated herein, was at the
respective times of such signing and delivery, and is as of the Closing Date,
duly elected or appointed, qualified and acting as such officer or
representative, and the signatures of such persons appearing on such documents
and certificates are their genuine signatures;
(d) True and complete copies of the articles of association and
by-laws of the Seller (as certified to by the Secretary or an assistant
secretary of the Seller), and a certificate of corporate existence of the Seller
issued by the Comptroller of the Currency not earlier than thirty (30) days
prior to the Closing Date;
(e) A written opinion of counsel for the Seller (which opinion may
be from in-house counsel, outside counsel or a combination thereof), relating to
certain corporate and enforceability matters and in form and substance
reasonably satisfactory to CCMSI, the Dealers and their respective counsel and
the Rating Agencies, dated the Closing Date and addressed to CCMSI, the Trustee,
the Certificate Administrator, the Dealers and the Rating Agencies, together
with such other written opinions as may be required by the Rating Agencies;
14
(f) Such further certificates, opinions and documents as the
Purchaser may reasonably request prior to the sale of the Mortgage Loans by the
Seller to the Purchaser; and
(g) A written opinion of counsel for the Purchaser (which opinion
may be from in-house counsel, outside counsel, or a combination thereof, and may
include a reliance letter addressed to the Seller with respect to opinions given
to other parties) relating to certain corporate and enforceability matters and
in form and substance reasonably satisfactory to the Seller and its counsel,
dated the Closing Date and addressed to the Seller.
SECTION 7. Costs. The Seller shall pay (or shall reimburse the
Purchaser to the extent that the Purchaser has paid) the Seller's pro rata
portion of the aggregate of the following amounts (the Seller's pro rata portion
to be determined according to the percentage that the Initial Aggregate Mortgage
Loan Balance represents of the Initial Pool Balance, the exact amount of which
shall be as set forth in or determined pursuant to the memorandum of
understanding to which the Seller and the Purchaser (or affiliates thereof) are
parties, with respect to the transactions contemplated by this Agreement): (i)
the costs and expenses of delivering the Pooling and Servicing Agreement and the
Certificates; (ii) the costs and expenses of printing (or otherwise reproducing)
and delivering a final Prospectus and Memorandum and other customary offering
materials relating to the Certificates; (iii) the initial fees, costs, and
expenses of the Trustee and the Certificate Administrator (including reasonable
attorneys' fees) incurred in connection with the securitization of the Mortgage
Loans and the Other Mortgage Loans; (iv) the filing fee charged by the
Securities and Exchange Commission for registration of the Certificates so
registered; (v) the fees charged by the Rating Agencies to rate the Certificates
so rated; (vi) the fees and disbursements of a firm of certified public
accountants selected by the Purchaser and the Seller with respect to numerical
information in respect of the Mortgage Loans, the Other Mortgage Loans and the
Certificates included in the Prospectus, the Memorandum and other customary
offering materials, including the cost of obtaining any "comfort letters" with
respect to such items; (vii) the reasonable out-of-pocket costs and expenses in
connection with the qualification or exemption of the Certificates under state
securities or "Blue Sky" laws, including filing fees and reasonable fees and
disbursements of counsel in connection therewith, in connection with the
preparation of any "Blue Sky" survey and in connection with any determination of
the eligibility of the Certificates for investment by institutional investors
and the preparation of any legal investment survey; (viii) the expenses of
printing any such "Blue Sky" survey and legal investment survey; and (ix) the
reasonable fees and disbursements of counsel to the Dealers. All other costs and
expenses in connection with the transactions contemplated hereunder shall be
borne by the party incurring such expense.
SECTION 8. Grant of a Security Interest. It is the express intent
of the parties hereto that the conveyance of the Mortgage Loans by the Seller to
the Purchaser as provided in Section 2 hereof be, and be construed as, a sale of
the Mortgage Loans by the Seller to the Purchaser and not as a pledge of the
Mortgage Loans by the Seller to the Purchaser to secure a debt or other
obligation of the Seller. However, if, notwithstanding the aforementioned intent
of the parties, the Mortgage Loans are held to be property of the Seller, then,
(a) it is the express intent of the parties that such conveyance be deemed a
pledge of the Mortgage Loans by the Seller to the Purchaser to secure a debt or
other obligation of the Seller, and (b) (i) this Agreement shall also be deemed
to be a security agreement within the meaning of Article 9 of the Uniform
Commercial Code of the applicable jurisdiction; (ii) the conveyance provided for
in
15
Section 2 hereof shall be deemed to be a grant by the Seller to the Purchaser of
a security interest in all of the Seller's right, title and interest in and to
the Mortgage Loans, and all amounts payable to the holder of the Mortgage Loans
in accordance with the terms thereof, and all proceeds of the conversion,
voluntary or involuntary, of the foregoing into cash, instruments, securities or
other property, including, without limitation, all amounts, other than
investment earnings, from time to time held or invested in the Collection
Accounts, the Distribution Account or, if established, the REO Accounts (each as
defined in the Pooling and Servicing Agreement) whether in the form of cash,
instruments, securities or other property; (iii) the assignment to the Trustee
of the interest of the Purchaser in and to the Mortgage Loans pursuant to the
Pooling and Servicing Agreement, as contemplated by Section 1 hereof shall be
deemed to be an assignment of any security interest created hereunder; (iv) the
possession by the Purchaser or any of its agents, including, without limitation,
the Custodian on behalf of the Trustee, of the Mortgage Notes, and such other
items of property as constitute instruments, money, negotiable documents or
chattel paper shall be deemed to be possession by the secured party for purposes
of perfecting the security interest pursuant to Section 9-313 of the Uniform
Commercial Code of the applicable jurisdiction; and (v) notifications to persons
(other than the Trustee) holding such property, and acknowledgments, receipts or
confirmations from persons (other than the Trustee) holding such property, shall
be deemed notifications to, or acknowledgments, receipts or confirmations from,
securities intermediaries, bailees or agents (as applicable) of the secured
party for the purpose of perfecting such security interest under applicable law.
The Seller and the Purchaser shall, to the extent consistent with this
Agreement, take such actions as may be necessary to ensure that, if this
Agreement were deemed to create a security interest in the Mortgage Loans, such
security interest would be a perfected security interest of first priority under
applicable law and will be maintained as such throughout the term of this
Agreement and the Pooling and Servicing Agreement, and in connection therewith
the Seller authorizes the Purchaser to file any and all appropriate Uniform
Commercial Code financing statements.
SECTION 9. Notices. All notices, copies, requests, consents,
demands and other communications in connection herewith shall be in writing and
telecopied or delivered to the intended recipient at the "Address for Notices"
specified for such party on Exhibit A hereto or, as to either party, at such
other address as shall be designated by such party in a notice hereunder to the
other party. Except as otherwise provided in this Agreement, all such
communications shall be deemed to have been duly given when transmitted by
telecopier or personally delivered or, in the case of a mailed notice, upon
receipt, in each case given or addressed as aforesaid.
SECTION 10. Representations, Warranties and Agreements to Survive
Delivery. All representations, warranties and agreements contained in this
Agreement, incorporated herein by reference or contained in the certificates of
officers of the Seller submitted pursuant hereto shall remain operative and in
full force and effect and shall survive delivery of the Mortgage Loans by the
Seller to the Purchaser (and by CCMSI to the Trustee).
SECTION 11. Severability of Provisions. Any part, provision,
representation, warranty or covenant of this Agreement that is prohibited or
which is held to be void or unenforceable shall be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining
provisions hereof. Any part, provision, representation, warranty or covenant of
this Agreement that is prohibited or unenforceable or is held to be void or
16
unenforceable in any particular jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any particular jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. To the extent permitted
by applicable law, the parties hereto waive any provision of law which prohibits
or renders void or unenforceable any provision hereof.
SECTION 12. Counterparts. This Agreement may be executed in any
number of counterparts, each of which shall be an original, but which together
shall constitute one and the same agreement.
SECTION 13. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS, DUTIES,
OBLIGATIONS AND RESPONSIBILITIES OF THE PARTIES HERETO SHALL BE GOVERNED IN
ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF NEW YORK. THE PARTIES HERETO
INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS
LAW SHALL APPLY TO THIS AGREEMENT.
SECTION 14. Attorneys' Fees. If any legal action, suit or
proceeding is commenced between the Seller and the Purchaser regarding their
respective rights and obligations under this Agreement, the prevailing party
shall be entitled to recover, in addition to damages or other relief, costs and
expenses, attorneys' fees and court costs (including, without limitation, expert
witness fees). As used herein, the term "prevailing party" shall mean the party
which obtains the principal relief it has sought, whether by compromise
settlement or judgment. If the party which commenced or instituted the action,
suit or proceeding shall dismiss or discontinue it without the concurrence of
the other party, such other party shall be deemed the prevailing party.
SECTION 15. Further Assurances. The Seller and the Purchaser agree
to execute and deliver such instruments and take such further actions as the
other party may, from time to time, reasonably request in order to effectuate
the purposes and to carry out the terms of this Agreement.
SECTION 16. Successors and Assigns. The rights and obligations of
the Seller under this Agreement shall not be assigned by the Seller without the
prior written consent of the Purchaser, except that any person into which the
Seller may be merged or consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Seller is a party, or any
person succeeding to all or substantially all of the business of the Seller,
shall be the successor to the Seller hereunder. The Purchaser has the right to
assign its interest under this Agreement, in whole or in part, as may be
required to effect the purposes of the Pooling and Servicing Agreement, and the
assignee shall, to the extent of such assignment, succeed to the rights and
obligations hereunder of the Purchaser. Subject to the foregoing, this Agreement
shall bind and inure to the benefit of and be enforceable by the Seller, the
Purchaser and their permitted successors and assigns. No holder or beneficial
owner of a Certificate shall be deemed a permitted successor or assign to the
Purchaser solely by reason of its interest in such Certificate.
17
SECTION 17. Amendments. No term or provision of this Agreement may
be waived or modified unless such waiver or modification is in writing and
signed by a duly authorized officer of the party against whom such waiver or
modification is sought to be enforced. No amendment to the Pooling and Servicing
Agreement which relates to defined terms contained therein, Section 2.01(d)
thereof or the repurchase obligations or any other obligations of the Seller
shall be effective against the Seller (in such capacity) unless the Seller shall
have agreed to such amendment in writing.
SECTION 18. Accountants' Letters. The parties hereto shall
cooperate with accountants designated by CCMSI and reasonably acceptable to the
Seller in making available all information and taking all steps reasonably
necessary to permit such accountants to deliver the letters required by the
Underwriting Agreement and/or the Certificate Purchase Agreement.
SECTION 19. Knowledge. Whenever a representation or warranty or
other statement in this Agreement is made with respect to a Person's
"knowledge", such statement refers to such Person's employees or agents who were
or are responsible for or involved with the indicated matter and have actual
knowledge of the matter in question.
SECTION 20. Disclosure Materials. The Purchaser shall provide the
Seller with a copy of the Memorandum and the Prospectus Supplement promptly
following their becoming available.
[SIGNATURES COMMENCE ON THE FOLLOWING PAGE]
18
IN WITNESS WHEREOF, the Seller and the Purchaser have caused their
names to be signed hereto by their respective duly authorized officers as of the
date first above written.
SELLER
LASALLE BANK NATIONAL ASSOCIATION
By:/s/ Xxxxx Xxxxxxxxx
--------------------------------
Name:
Title:
PURCHASER
CITIGROUP COMMERCIAL MORTGAGE
SECURITIES INC.
By: /s/ Xxxxxx Xxxxx
--------------------------------
Name:
Title:
LASALLE MORTGAGE LOAN PURCHASE AGREEMENT
EXHIBIT A
ADDRESS FOR NOTICES
Seller:
Address for Notices:
LaSalle Bank National Association
000 Xxxxx XxXxxxx Xxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxxxxx 00000
Attention: Xxxxx Xxxxxxxxx
Purchaser:
Address for Notices:
Citigroup Commercial Mortgage Securities Inc.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxxxx Xxxxx
Facsimile Number: (000) 000-0000
I-1
SCHEDULE I
GENERAL MORTGAGE REPRESENTATIONS AND WARRANTIES
1. The information pertaining to each Mortgage Loan set forth in
the Mortgage Loan Schedule was true and correct in all material respects
as of the Cut-off Date.
2. As of the date of its origination, such Mortgage Loan and the
interest (exclusive of any default interest, late charges or prepayment
premiums) contracted for thereunder, complied in all material respects
with, or was exempt from, all requirements of federal, state or local law
relating to the origination of such Mortgage Loan, including those
pertaining to usury.
3. Immediately prior to the sale, transfer and assignment to the
Purchaser, the Seller had good title to, and was the sole owner of, each
Mortgage Loan and the Seller is transferring such Mortgage Loan free and
clear of any and all liens, pledges, charges or security interests of any
nature encumbering such Mortgage Loan, but subject to certain agreements
regarding servicing as provided in the Pooling and Servicing Agreement,
subservicing agreements permitted thereunder and that certain Servicing
Rights Purchase Agreement dated as of the Closing Date between the
applicable Master Servicer and the Seller. Upon consummation of the
transactions contemplated by the Mortgage Loan Purchase Agreement, the
Seller will have validly and effectively conveyed to the Purchaser all
legal and beneficial interest in and to such Mortgage Loan free and clear
of any pledge, lien or security interest.
4. The proceeds of such Mortgage Loan have been fully disbursed
(except to the extent that a portion of such proceeds is being held in
escrow or reserve accounts) and there is no requirement for future
advances thereunder by the Mortgagee.
5. Each related Mortgage Note, Mortgage, Assignment of Leases (if
any) and other agreement executed by the Mortgagor in connection with such
Mortgage Loan is a legal, valid and binding obligation of the related
Mortgagor (subject to any non-recourse provisions therein and any state
anti-deficiency or market value limit deficiency legislation), enforceable
in accordance with its terms, except (a) that certain provisions contained
in such Mortgage Loan documents are or may be unenforceable in whole or in
part under applicable state or federal laws, but neither the application
of any such laws to any such provision nor the inclusion of any such
provisions renders any of the Mortgage Loan documents invalid as a whole
and such Mortgage Loan documents taken as a whole are enforceable to the
extent necessary and customary for the practical realization of the
principal rights and benefits afforded thereby and (b) as such enforcement
may be limited by bankruptcy, insolvency, receivership, reorganization,
moratorium, redemption, liquidation or other laws affecting the
enforcement of creditors' rights generally, or by general principles of
equity (regardless of whether such enforcement is considered in a
proceeding in equity or at law). The related Mortgage Note and Mortgage
contain no provision limiting the right or ability of the Seller to
assign, transfer and convey the related Mortgage Loan to any other Person.
I-2
6. As of the date of its origination, there was no valid offset,
defense, counterclaim, abatement or right to rescission with respect to
any of the related Mortgage Notes, Mortgage(s) or other agreements
executed in connection therewith, and, as of the Cut-off Date, there is no
valid offset, defense, counterclaim or right to rescission with respect to
such Mortgage Note, Mortgage(s) or other agreements, except in each case,
with respect to the enforceability of any provisions requiring the payment
of default interest, late fees, Additional Interest, prepayment premiums
or yield maintenance charges.
7. Each related assignment of Mortgage and assignment of
Assignment of Leases from the Seller to the Trustee constitutes the legal,
valid and binding assignment from the Seller, except as such enforcement
may be limited by bankruptcy, insolvency, redemption, reorganization,
liquidation, receivership, moratorium or other laws relating to or
affecting creditors' rights generally or by general principles of equity
(regardless of whether such enforcement is considered in a proceeding in
equity or at law). Each Mortgage and Assignment of Leases is freely
assignable.
8. Each related Mortgage is a valid and enforceable first lien on
the related Mortgaged Property subject only to the exceptions and
limitations set forth in representation (5) above and the following title
exceptions (each such title exception, a "Title Exception", and
collectively, the "Title Exceptions"): (a) the lien of current real
property taxes, ground rents, water charges, sewer rents and assessments
not yet delinquent or accruing interest or penalties, (b) covenants,
conditions and restrictions, rights of way, easements and other matters of
public record, none of which, individually or in the aggregate, materially
and adversely interferes with the current use of the Mortgaged Property or
the security intended to be provided by such Mortgage or with the
Mortgagor's ability to pay its obligations under the Mortgage Loan when
they become due or materially and adversely affects the value of the
Mortgaged Property, (c) the exceptions (general and specific) and
exclusions set forth in the applicable policy described in representation
(12) below or appearing of record, none of which, individually or in the
aggregate, materially interferes with the current use of the Mortgaged
Property or the security intended to be provided by such Mortgage or with
the Mortgagor's ability to pay its obligations under the Mortgage Loan
when they become due or materially and adversely affects the value of the
Mortgaged Property, (d) other matters to which like properties are
commonly subject, none of which, individually or in the aggregate,
materially and adversely interferes with the current use of the Mortgaged
Property or the security intended to be provided by such Mortgage or with
the Mortgagor's ability to pay its obligations under the Mortgage Loan
when they become due or materially and adversely affects the value of the
Mortgaged Property, (e) the right of tenants (whether under ground leases,
space leases or operating leases) at the Mortgaged Property to remain
following a foreclosure or similar proceeding (provided that such tenants
are performing under such leases), (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 such Mortgage Loan is
part of a Loan Combination, the lien of the Mortgage for the related
Non-Trust Mortgage Loan(s). Except with respect to cross-collateralized
and cross-defaulted Mortgage Loans and Mortgage Loans that are part of a
Loan Combination, there are no mortgage loans that are senior or pari
passu in right of
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payment with the subject Mortgage Loan that are secured by the related
Mortgaged Property.
9. UCC Financing Statements have been filed and/or recorded (or,
if not filed and/or recorded, have been submitted in proper form for
filing and recording) in all public places necessary at the time of the
origination of each Mortgage Loan to perfect a valid security interest in
all items of personal property reasonably necessary to operate the
Mortgaged Property owned by a Mortgagor and located on the related
Mortgaged Property (other than any personal property subject to a purchase
money security interest or a sale and leaseback financing arrangement
permitted under the terms of such Mortgage Loan or any other personal
property leases applicable to such personal property), to the extent
perfection may be effected pursuant to applicable law by recording or
filing of UCC Financing Statements, and the Mortgages, security
agreements, chattel mortgages or equivalent documents related to and
delivered in connection with the related Mortgage Loan establish and
create a valid and enforceable lien and security interest on such items of
personalty except as such enforcement may be limited by bankruptcy,
insolvency, receivership, reorganization, moratorium, redemption,
liquidation or other laws affecting the enforcement of creditor's rights
generally, or by general principles of equity (regardless of whether such
enforcement is considered in a proceeding in equity or at law).
Notwithstanding any of 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 UCC Financing Statements are required in order to effect
such perfection.
10. All real estate taxes and governmental assessments, or
installments thereof, which would be a lien on the Mortgaged Property and
that prior to the Cut-off Date have become delinquent in respect of each
related Mortgaged Property, have been paid, or an escrow of funds in an
amount sufficient (together with, in the case of taxes and governmental
assessments not presently due and payable, future escrow payments required
to be made pursuant to the related Mortgage Loan documents) to cover such
payments has been established. For purposes of this representation and
warranty, real estate taxes and governmental assessments and installments
thereof shall not be considered delinquent until the earlier of (a) the
date on which interest and/or penalties would first be payable thereon and
(b) the date on which enforcement action is entitled to be taken by the
related taxing authority.
11. To the Seller's actual knowledge as of the Cut-off Date, and
to the Seller's actual knowledge based solely upon due diligence
customarily performed with the origination of comparable mortgage loans by
the Seller, each related Mortgaged Property was free and clear of any
material damage (other than deferred maintenance for which escrows were
established at origination) that would materially and adversely affect the
value of such Mortgaged Property as security for the Mortgage Loan, and to
the Seller's actual knowledge as of the Cut-off Date there was no
proceeding pending for the total or partial condemnation of such Mortgaged
Property.
12. The lien of each related Mortgage as a first priority lien in
the original principal amount of such Mortgage Loan (and, in the case of a
Mortgage Loan that is part
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of a Loan Combination, in the original (aggregate, if applicable)
principal amount of the other mortgage loan(s) constituting the related
Loan Combination) after all advances of principal (as set forth on the
Mortgage Loan Schedule) is insured by an ALTA lender's title insurance
policy (or a binding commitment therefor), or its equivalent as adopted in
the applicable jurisdiction, insuring the Seller, its successors and
assigns, subject only to the Title Exceptions; the Seller or its
successors or assigns is the named insured of such policy; such policy is
assignable in connection with the assignment of the related Mortgage Note
without consent of the insurer and will inure to the benefit of the
Trustee as mortgagee of record; such policy is in full force and effect
upon the consummation of the transactions contemplated by this Agreement;
all premiums thereon have been paid; no material claims have been made
under such policy and the Seller has not done anything, by act or
omission, and the Seller has no actual knowledge of any matter, which
would impair or diminish the coverage of such policy. The insurer issuing
such policy is either (x) a nationally recognized title insurance company
or (y) qualified to do business in the jurisdiction in which the related
Mortgaged Property is located to the extent required; and such policy
contains no material exclusions for, or affirmatively insures (except for
any Mortgaged Property located in a jurisdiction where such insurance is
not available) against any loss due to, (a) lack of access to a public
road and (b) encroachments of any material portion of the improvements
thereon.
13. As of the date of its origination, all insurance coverage
required under each related Mortgage was in full force and effect with
respect to each related Mortgaged Property, which insurance covered such
risks as were customarily acceptable to prudent commercial and multifamily
mortgage lending institutions lending on the security of property
comparable to the related Mortgaged Property in the jurisdiction in which
such Mortgaged Property is located, and with respect to a fire and
extended perils insurance policy, was in an amount (subject to a customary
deductible) at least equal to the lesser of (i) the replacement cost of
improvements located on such Mortgaged Property, or (ii) the original
principal balance of the Mortgage Loan (and, in the case of a Mortgage
Loan that is part of a Loan Combination, in the original (aggregate, if
applicable) principal amount of the other mortgage loan(s) constituting
the related Loan Combination), and in any event, in an amount necessary to
prevent operation of any co-insurance provisions, and, except if such
Mortgaged Property is operated as a manufactured housing community, such
Mortgaged Property is also covered by business interruption or rental loss
insurance, in an amount at least equal to twelve (12) months of operations
of the related Mortgaged Property (or in the case of a Mortgaged Property
without any elevator, six (6) months); and as of the Cut-off Date, to the
actual knowledge of the Seller, all insurance coverage required under each
Mortgage, which insurance covers such risks and is in such amounts as are
customarily acceptable to prudent commercial and multifamily mortgage
lending institutions lending on the security of property comparable to the
related Mortgaged Property in the jurisdiction in which such Mortgaged
Property is located, is in full force and effect with respect to each
related Mortgaged Property; and all premiums due and payable through the
Closing Date have been paid; and no notice of termination or cancellation
with respect to any such insurance policy has been received by the Seller.
Except for certain amounts not greater than amounts which would be
considered prudent by a commercial and multifamily mortgage lending
institution with respect to a similar mortgage loan and which are set
forth in the related Mortgage, any insurance proceeds in
I-5
respect of a casualty loss are required to be applied either (i) to the
repair or restoration of all or part of the related Mortgaged Property or
(ii) to the reduction of the outstanding principal balance of the Mortgage
Loan, subject in either case to requirements with respect to leases at the
related Mortgaged Property and to other exceptions customarily provided
for by prudent commercial and multifamily mortgage lending institutions
for similar loans. The Mortgaged Property is also covered by comprehensive
general liability insurance against claims for personal and bodily injury,
death or property damage occurring on, in or about the related Mortgaged
Property, in an amount customarily required by prudent commercial and
multifamily mortgage lending institutions.
The insurance policies contain a standard mortgagee clause naming
the holder of the related Mortgage, its successors and assigns as loss
payee, in the case of a property insurance policy, and additional insured
in the case of a liability insurance policy, and provide that they are not
terminable without thirty (30) days prior written notice to the Mortgagee
(or, with respect to non-payment, ten (10) days prior written notice to
the Mortgagee) or such lesser period as prescribed by applicable law. Each
Mortgage requires that the Mortgagor maintain insurance as described above
or permits the Mortgagee to require insurance as described above, and
permits the Mortgagee to purchase such insurance at the Mortgagor's
expense if Mortgagor fails to do so.
14. Other than payments due but not yet thirty (30) days or more
delinquent, to the Seller's actual knowledge, based upon due diligence
customarily performed with the servicing of comparable mortgage loans by
prudent commercial and multifamily mortgage lending institutions, there is
no material default, breach, violation or event of acceleration existing
under the related Mortgage or the related Mortgage Note, and to the
Seller's actual knowledge no event (other than payments due but not yet
delinquent) which, with the passage of time or with notice and the
expiration of any grace or cure period, would constitute a material
default, breach, violation or event of acceleration; 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 in any paragraph of this Schedule I or in any
paragraph of Schedule II; and the Seller has not waived any material
default, breach, violation or event of acceleration under such Mortgage or
Mortgage Note, except for a written waiver contained in the related
Mortgage File being delivered to the Purchaser, and pursuant to the terms
of the related Mortgage or the related Mortgage Note and other documents
in the related Mortgage File, no Person or party other than the holder of
such Mortgage Note may declare any event of default or accelerate the
related indebtedness under either of such Mortgage or Mortgage Note.
15. As of the Closing Date, each Mortgage Loan is not, and in the
prior twelve (12 ) months (or since the date of origination if such
Mortgage Loan has been originated within the past twelve (12 ) months),
has not been, thirty (30) days or more past due in respect of any
Scheduled Payment.
16. Except with respect to ARD Trust Mortgage Loans, which provide
that the rate at which interest accrues thereon increases after the
Anticipated Repayment Date, the
I-6
Mortgage Rate (exclusive of any default interest, late charges or
prepayment premiums) of such Mortgage Loan is a fixed rate.
17. No related Mortgage provides for or permits, without the prior
written consent of the holder of the Mortgage Note, any related Mortgaged
Property to secure any other promissory note or obligation except as
expressly described in such Mortgage or other Mortgage Loan document.
18. Each Mortgage Loan constitutes a "qualified mortgage" within
the meaning of Section 860G(a)(3) of the Code (without regard to Treasury
regulations Sections 1.860G-2(a)(3) and 1.860G-2(f)(2)), is directly
secured by a Mortgage on a commercial property or a multifamily
residential property, and either (a) substantially all of the proceeds of
such Mortgage Loan were used to acquire, improve or protect the portion of
such commercial or multifamily residential property that consists of an
interest in real property (within the meaning of Treasury Regulations
Sections 1.856-3(c) and 1.856-3(d)) and such interest in real property was
the only security for such Mortgage Loan as of the Testing Date (as
defined below), or (b) the fair market value of the interest in real
property which secures such Mortgage Loan was at least equal to 80% of the
principal amount of such Mortgage Loan (i) as of the Testing Date, or (ii)
as of the Closing Date. For purposes of the previous sentence, (A) the
fair market value of the referenced interest in real property shall first
be reduced by (1) the amount of any lien on such interest in real property
that is senior to such Mortgage Loan, and (2) a proportionate amount of
any lien on such interest in real property that is on a parity with the
Mortgage Loan, and (B) the "Testing Date" shall be the date on which the
referenced Mortgage Loan was originated unless (1) such Mortgage Loan was
modified after the date of its origination in a manner that would cause a
"significant modification" of such Mortgage Loan within the meaning of
Treasury Regulations Section 1.1001-3(b), and (2) such "significant
modification" did not occur at a time when such Mortgage Loan was in
default or when default with respect to such Mortgage Loan was reasonably
foreseeable. However, if the referenced Mortgage Loan has been subjected
to a "significant modification" after the date of its origination and at a
time when such Mortgage Loan was not in default or when default with
respect to such Mortgage Loan was not reasonably foreseeable, the Testing
Date shall be the date upon which the latest such "significant
modification" occurred.
19. One or more environmental site assessments, updates or
transaction screens thereof were performed by an environmental consulting
firm independent of the Seller and the Seller's affiliates with respect to
each related Mortgaged Property during the 18-months preceding the
origination of the related Mortgage Loan, except for those Mortgage Loans
identified on Annex A to this Schedule I for which a lender's
environmental insurance policy was obtained in lieu of such environmental
site assessments, updates and transaction screens, and the Seller, having
made no independent inquiry other than to review the report(s) prepared in
connection with the assessment(s), updates or transaction screens
referenced herein, has no actual knowledge and has received no notice of
any material and adverse environmental condition or circumstance affecting
such Mortgaged Property that was not disclosed in such report(s). If any
such environmental report identified any Recognized Environmental
Condition (REC), as that
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term is defined in the Standard Practice for Environmental Site
Assessments: Phase I Environmental Site Assessment Process Designation: E
1527-00, as recommended by the American Society for Testing and Materials
(ASTM), with respect to the related Mortgaged Property and the same have
not been subsequently addressed in all material respects, then one or more
of the following is true: (i) an escrow or letter of credit greater than
100% of the amount identified as necessary by the environmental consulting
firm to address the REC is held by the Seller for purposes of effecting
same (and the related Mortgagor has covenanted in the Mortgage Loan
documents to perform such work); (ii) the related Mortgagor or other
responsible party having financial resources reasonably estimated to be
adequate to address the REC is required to take such actions or is liable
for the failure to take such actions, if any, with respect to such
circumstances or conditions as have been required by the applicable
governmental regulatory authority or any environmental law or regulation;
(iii) the related Mortgagor has provided a lender's environmental
insurance policy (in which case such Mortgage Loan is identified on Annex
A to this Schedule I); (iv) an operations and maintenance plan has been or
will be implemented; (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 Mortgagor or other responsible party has obtained a
no further action letter or other evidence that governmental authorities
have no intention of taking any action or requiring any action in respect
of the REC; (vii) a party (other than the related Mortgagor) having
financial resources reasonably estimated to be adequate to pay the costs
of any required investigation, testing, monitoring or remediation has
provided a guaranty or indemnity to the Mortgagor or the lender to cover
such costs; or (viii) the REC would not require clean-up, remedial action
or other response under environmental laws estimated to cost in excess of
the lesser of $50,000 and 2% of the original principal balance of such
Mortgage Loan. All environmental assessments or updates that were in the
possession of the Seller and that relate to a Mortgaged Property insured
by an environmental insurance policy have been delivered to or disclosed
to the environmental insurance carrier issuing such policy prior to the
issuance of such policy.
20. Each related Mortgage and Assignment of Leases, together with
applicable state law, contains customary and enforceable provisions for
comparable mortgaged properties similarly situated such as to render the
rights and remedies of the holder thereof adequate for the practical
realization against the Mortgaged Property of the principal benefits of
the security, including realization by judicial or, if applicable,
non-judicial foreclosure, subject to the effects of bankruptcy,
insolvency, reorganization, receivership, moratorium, redemption,
liquidation or similar laws affecting the rights of creditors and the
application of principles of equity.
21. At the time of origination and, to the actual knowledge of
Seller as of the Cut-off Date, no Mortgagor is a debtor in any state or
federal bankruptcy or insolvency proceeding.
22. Except with respect to any Mortgage Loan that is part of a
Loan Combination, each Mortgage Loan is a whole loan and contains no
equity participation by the Seller or shared appreciation feature and does
not provide for any contingent or
I-8
additional interest in the form of participation in the cash flow of the
related Mortgaged Property or, other than the ARD Trust Mortgage Loans,
provide for negative amortization. The Seller holds no preferred equity
interest in the related Mortgagor.
23. Subject to certain exceptions, which are customarily
acceptable to prudent commercial and multifamily mortgage lending
institutions lending on the security of property comparable to the related
Mortgaged Property, each related Mortgage or loan agreement contains
provisions for the acceleration of the payment of the unpaid principal
balance of such Mortgage Loan if, without complying with the requirements
of the Mortgage or loan agreement, (a) the related Mortgaged Property, or
any controlling interest in the related Mortgagor, is directly transferred
or sold (other than by reason of family and estate planning transfers,
transfers by devise, descent or operation of law upon the death or
incapacity of a member, general partner or shareholder of the related
Mortgagor, transfers of less than a controlling interest in a mortgagor,
issuance of non-controlling new equity interests, transfers among existing
members, partners or shareholders in the Mortgagor or an affiliate
thereof, transfers among affiliated Mortgagors with respect to
cross-collateralized and cross-defaulted Mortgage Loans or multi-property
Mortgage Loans or transfers of a similar nature to the foregoing meeting
the requirements of the Mortgage Loan, such as pledges of ownership
interest that do not result in a change of control) or a substitution or
release of collateral is effected other than in the circumstances
specified in representation (26) below, or (b) the related Mortgaged
Property is encumbered in connection with subordinate financing by a lien
or security interest against the related Mortgaged Property, other than
any existing permitted additional debt.
24. Except as set forth in the related Mortgage File, the terms of
the related Mortgage Note and Mortgage(s) have not been waived, modified,
altered, satisfied, impaired, canceled, subordinated or rescinded in any
manner which materially interferes with the security intended to be
provided by such Mortgage.
25. Each related Mortgaged Property was inspected by or on behalf
of the related originator or an affiliate during the 12-month period prior
to the related origination date.
26. Since origination, no material portion of the related
Mortgaged Property has been released from the lien of the related Mortgage
in any manner which materially and adversely affects the value of the
Mortgage Loan or materially interferes with the security intended to be
provided by such Mortgage, and, except with respect to Mortgage Loans (a)
which permit defeasance by means of substituting for the Mortgaged
Property (or, in the case of a Mortgage Loan secured by multiple Mortgaged
Properties, one or more of such Mortgaged Properties) "government
securities" within the meaning of Treasury Regulation Section
1.860G-2(a)(8)(i) sufficient to pay the Mortgage Loans (or portions
thereof) in accordance with their terms, (b) where a release of the
portion of the Mortgaged Property was contemplated at origination and such
portion was not considered material for purposes of underwriting the
Mortgage Loan, (c) where release is conditional upon the satisfaction of
certain underwriting and legal requirements and the payment of a release
price that represents adequate consideration for such Mortgaged Property
or the
I-9
portion thereof that is being released, (d) which permit the related
Mortgagor to substitute a replacement property in compliance with REMIC
Provisions or (e) which permit the release(s) of unimproved out-parcels or
other portions of the Mortgaged Property that will not have a material
adverse affect on the underwritten value of the security for the Mortgage
Loan or that were not allocated any value in the underwriting during the
origination of the Mortgage Loan, the terms of the related Mortgage do not
provide for release of any portion of the Mortgaged Property from the lien
of the Mortgage except in consideration of payment in full therefor.
27. To the Seller's actual knowledge, based upon a letter from
governmental authorities, a legal opinion, an endorsement to the related
title policy, an architect's letter or zoning consultant's report or based
upon other due diligence considered reasonable by prudent commercial and
multifamily mortgage lending institutions in the area where the applicable
Mortgaged Property is located, as of the date of origination of such
Mortgage Loan and as of the Cut-off Date, there are no material violations
of any applicable zoning ordinances, building codes and land laws
applicable to the Mortgaged Property or the use and occupancy thereof
which (a) are not insured by an ALTA lender's title insurance policy (or a
binding commitment therefor), or its equivalent as adopted in the
applicable jurisdiction, or a law and ordinance insurance policy or (b)
would have a material adverse effect on the value, operation or net
operating income of the Mortgaged Property.
28. To the Seller's actual knowledge based on surveys and/or the
title policy referred to herein obtained in connection with the
origination of each Mortgage Loan, none of the material improvements which
were included for the purposes of determining the appraised value of the
related Mortgaged Property at the time of the origination of the Mortgage
Loan lies outside of the boundaries and building restriction lines of such
property (except Mortgaged Properties which are legal non-conforming
uses), to an extent which would have a material adverse affect on the
value of the Mortgaged Property or related Mortgagor's use and operation
of such Mortgaged Property (unless affirmatively covered by title
insurance) and no improvements on adjoining properties encroached upon
such Mortgaged Property to an extent which would have a material adverse
affect on the value of the Mortgaged Property or related Mortgagor's use
and operation of such Mortgaged Property (unless affirmatively covered by
title insurance).
29. With respect to at least 95% of the Mortgage Loans (by
principal balance) having a Cut-off Date Balance in excess of 1% of the
aggregate Cut-off Date Balance of the Mortgage Pool, the related Mortgagor
has covenanted in its organizational documents and/or the Mortgage Loan
documents to own no significant asset other than the related Mortgaged
Property or Mortgaged Properties, as applicable, and assets incidental to
its ownership and operation of such Mortgaged Property, and to hold itself
out as being a legal entity, separate and apart from any other Person.
30. No advance of funds has been made other than pursuant to the
loan documents, directly or indirectly, by the Seller to the Mortgagor
and, to the Seller's actual knowledge, no funds have been received from
any Person other than the Mortgagor, for or on account of payments due on
the Mortgage Note or the Mortgage.
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31. As of the date of origination and, to the Seller's actual
knowledge, as of the Cut-off Date, there was no pending action, suit or
proceeding, or governmental investigation of which it has received notice,
against the Mortgagor or the related Mortgaged Property the adverse
outcome of which could reasonably be expected to materially and adversely
affect such Mortgagor's ability to pay principal, interest or any other
amounts due under such Mortgage Loan or the security intended to be
provided by the Mortgage Loan documents or the current use of the
Mortgaged Property.
32. As of the date of origination, and, to the Seller's actual
knowledge, as of the Cut-off Date, if the related Mortgage is a deed of
trust, a trustee, duly qualified under applicable law to serve as such,
has either been properly designated and serving under such Mortgage or may
be substituted in accordance with the Mortgage and applicable law.
33. Except with respect to any Mortgage Loan that is part of a
Loan Combination, the related Mortgage Note is not secured by any
collateral that secures a mortgage loan that is not in the Trust Fund and
each Mortgage Loan that is cross-collateralized is cross-collateralized
only with other Mortgage Loans sold pursuant to this Agreement.
34. The improvements located on the Mortgaged Property are either
not located in a federally designated special flood hazard area or the
Mortgagor is required to maintain or the mortgagee maintains, flood
insurance with respect to such improvements and such insurance policy is
in full force and effect and in an amount (subject to a deductible not to
exceed $25,000) at least equal to the least of (a) the replacement cost of
improvements located on such mortgaged real property, (b) the outstanding
principal balance of the subject mortgage loan and (c) the maximum amount
under the applicable federal flood insurance program.
35. All escrow deposits and payments required pursuant to the
Mortgage Loan as of the Closing Date required to be deposited with the
Seller in accordance with the Mortgage Loan documents have been so
deposited, and to the extent not disbursed or otherwise released in
accordance with the related Mortgage Loan documents, are in the
possession, or under the control, of the Seller or its agent and there are
no deficiencies in connection therewith.
36. To the Seller's actual knowledge, based on the due diligence
customarily performed in the origination of comparable mortgage loans by
prudent commercial and multifamily mortgage lending institutions with
respect to the related geographic area and properties comparable to the
related Mortgaged Property, as of the date of origination of the Mortgage
Loan, the related Mortgagor was in possession of all material licenses,
permits and authorizations then required for use of the related Mortgaged
Property, and, as of the Cut-off Date, the Seller has no actual knowledge
that the related Mortgagor was not in possession of such licenses, permits
and authorizations.
37. The origination (or acquisition, as the case may be) practices
used by the Seller or its affiliates with respect to the Mortgage Loan
have been in all material respects
I-11
legal and the servicing and collection practices used by the Seller or its
affiliates with respect to the Mortgage Loan have met customary industry
standards for servicing of commercial mortgage loans for conduit loan
programs.
38. Except for any Mortgage Loan secured by a Mortgagor's
leasehold interest in the related Mortgaged Property, the related
Mortgagor (or its affiliate) has title in the fee simple interest in each
related Mortgaged Property.
39. The Mortgage Loan documents for each Mortgage Loan provide
that each Mortgage Loan is non-recourse to the related Mortgagor except
that the related Mortgagor accepts responsibility for fraud and/or other
intentional material misrepresentation. The Mortgage Loan documents for
each Mortgage Loan provide that the related Mortgagor shall be liable to
the lender for losses incurred due to the misapplication or
misappropriation of rents collected in advance or received by the related
Mortgagor after the occurrence of an event of default and not paid to the
Mortgagee or applied to the Mortgaged Property in the ordinary course of
business, misapplication or conversion by the Mortgagor of insurance
proceeds or condemnation awards or breach of the environmental covenants
in the related Mortgage Loan documents.
40. Subject to the exceptions set forth in representation (5), the
Assignment of Leases set forth in the Mortgage or separate from the
related Mortgage and related to and delivered in connection with each
Mortgage Loan establishes and creates a valid, subsisting and enforceable
lien and security interest in the related Mortgagor's interest in all
leases, subleases, licenses or other agreements pursuant to which any
Person is entitled to occupy, use or possess all or any portion of the
real property.
41. With respect to such Mortgage Loan, any prepayment premium
constitutes a "customary prepayment penalty" within the meaning of
Treasury Regulations Section 1.860G-1(b)(2).
42. If such Mortgage Loan contains a provision for any defeasance
of mortgage collateral, such Mortgage Loan permits defeasance (a) no
earlier than two (2) years after the Closing Date, and (b) only with
substitute collateral constituting "government securities" within the
meaning of Treasury Regulations Section 1.860G-2(a)(8)(i) in an amount
sufficient to make all scheduled payments under the Mortgage Note (or, in
the case of a partial defeasance, in an amount sufficient to make all
scheduled payments with respect to the defeased portion of such Mortgage
Loan). In addition, if such Mortgage contains such a defeasance provision,
it provides (or otherwise contains provisions pursuant to which the holder
can require) that an opinion be provided to the effect that such holder
has a first priority perfected security interest in the defeasance
collateral. The related Mortgage Loan documents permit the lender to
charge all of its expenses associated with a defeasance to the Mortgagor
(including rating agencies' fees, accounting fees and attorneys' fees),
and provide that the related Mortgagor must deliver (or otherwise, the
Mortgage Loan documents contain certain provisions pursuant to which the
lender can require) (i) an accountant's certification as to the adequacy
of the defeasance collateral to make all remaining payments (including any
balloon payment)
I-12
required to be made under the terms of the related Mortgage Loan, (ii) an
Opinion of Counsel that the defeasance complies with all applicable REMIC
Provisions, and (iii) assurances from the Rating Agencies that the
defeasance will not result in the withdrawal, downgrade or qualification
of the ratings assigned to the Certificates. Notwithstanding the
foregoing, some of the Mortgage Loan documents may not affirmatively
contain all such requirements, but such requirements are effectively
present in such documents due to the general obligation to comply with the
REMIC Provisions and/or deliver a REMIC Opinion of Counsel.
43. 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.
44. Neither the Seller nor any affiliate thereof has any
obligation to make any capital contributions to the Mortgagor under the
Mortgage Loan.
45. Except with respect to any Mortgage Loan that is part of a
Loan Combination, none of the Mortgaged Properties are encumbered, and
none of the Mortgage Loan documents permit the related Mortgaged Property
to be encumbered subsequent to the Closing Date without the prior written
consent of the holder thereof, by any lien securing the payment of money
junior to or of equal priority with, or superior to, the lien of the
related Mortgage (other than Title Exceptions, taxes, assessments and
contested mechanics and materialmen's liens that become payable after the
Cut-off Date of the related Mortgage Loan).
I-13
ANNEX A (TO SCHEDULE I)
Mortgage Loans as to Which the Related Mortgagor Obtained
a Lender's Environmental Insurance Policy
None.
I-14
SCHEDULE II
GROUND LEASE REPRESENTATIONS AND WARRANTIES
With respect to each Mortgage Loan secured by a leasehold interest
(except with respect to any Mortgage Loan also secured by a fee interest in the
related Mortgaged Property), the Seller represents and warrants the following
with respect to the related Ground Lease:
1. Such Ground Lease or a memorandum thereof has been or will be
duly recorded no later than thirty (30) days after the Closing Date and
such Ground Lease permits the interest of the lessee thereunder to be
encumbered by the related Mortgage or, if consent of the lessor thereunder
is required, it has been obtained prior to the Closing Date.
2. Upon the foreclosure of the Mortgage Loan (or acceptance of a
deed in lieu thereof), the Mortgagor's interest in such ground lease is
assignable to the mortgagee under the leasehold estate and its assigns
without the consent of the lessor thereunder (or, if any such consent is
required, it has been obtained prior to the Closing Date).
3. Such Ground Lease may not be amended, modified, canceled or
terminated without the prior written consent of the mortgagee and any such
action without such consent is not binding on the mortgagee, its
successors or assigns, except termination or cancellation if (a) an event
of default occurs under the Ground Lease, (b) notice thereof is provided
to the mortgagee and (c) such default is curable by the mortgagee as
provided in the Ground Lease but remains uncured beyond the applicable
cure period.
4. To the actual knowledge of the Seller, at the Closing Date,
such Ground Lease is in full force and effect and other than payments due
but not yet thirty (30) days or more delinquent, (a) there is no material
default, and (b) there is no event which, with the passage of time or with
notice and the expiration of any grace or cure period, would constitute a
material default under such Ground Lease.
5. The Ground Lease or ancillary agreement between the lessor and
the lessee requires the lessor to give notice of any default by the lessee
to the mortgagee. The Ground Lease or ancillary agreement further provides
that no notice of default given is effective against the mortgagee unless
a copy has been given to the mortgagee in a manner described in the ground
lease or ancillary agreement.
6. The Ground Lease (a) is not subject to any liens or
encumbrances superior to, or of equal priority with, the Mortgage,
subject, however, to only the Title Exceptions or (b) is subject to a
subordination, non-disturbance and attornment agreement to which the
mortgagee on the lessor's fee interest in the Mortgaged Property is
subject.
7. A mortgagee is permitted a reasonable opportunity (including,
where necessary, sufficient time to gain possession of the interest of the
lessee under the ground
III-1
lease) to cure any curable default under such Ground Lease before the
lessor thereunder may terminate such Ground Lease.
8. Such Ground Lease has an original term (together with any
extension options, whether or not currently exercised, set forth therein
all of which can be exercised by the mortgagee if the mortgagee acquires
the lessee's rights under the Ground Lease) that extends not less than
twenty (20) years beyond the Stated Maturity Date.
9. Under the terms of such Ground Lease, any estoppel or consent
letter received by the mortgagee from the lessor, and the related
Mortgage, taken together, any related insurance proceeds or condemnation
award (other than in respect of a total or substantially total loss or
taking) will be applied either to the repair or restoration of all or part
of the related Mortgaged Property, with the mortgagee or a trustee
appointed or approved by it having the right to hold and disburse such
proceeds as repair or restoration progresses (except in cases where a
provision entitling another party to hold and disburse such proceeds would
not be viewed as commercially unreasonable by a prudent commercial and
multifamily mortgage lending institution), or to the payment or defeasance
of the outstanding principal balance of the Mortgage Loan, together with
any accrued interest (except in cases where a different allocation would
not be viewed as commercially unreasonable by a prudent commercial and
multifamily mortgage lending institution).
10. The Ground Lease does not impose any restrictions on
subletting that would be viewed as commercially unreasonable by a prudent
commercial and multifamily mortgage lending institution.
11. The ground lessor under such Ground Lease is required to enter
into a new lease upon termination of the Ground Lease for any reason,
including the rejection of the Ground Lease in bankruptcy.
III-2
SCHEDULE III
EXCEPTIONS TO GENERAL MORTGAGE REPRESENTATIONS AND WARRANTIES
Exceptions to Representation (3)
--------------------------------------------------------------------------------
LOANS EXCEPTIONS
--------------------------------------------------------------------------------
ALA MOANA The Ala Moana Portfolio Loan Combination
is evidenced by multiple pari passu notes
and multiple subordinate companion notes,
which notes are all secured by the same
mortgage instrument encumbering the Ala
Moana Portfolio Mortgage Loan. Only one of
the pari passu notes is included in the
Series 2007-C6 securitization transaction.
--------------------------------------------------------------------------------
DDR SOUTHEAST POOL The DDR Southeast Pool Loan Combination is
evidenced by three pari passu notes, which
notes are all secured by the same mortgage
instrument encumbering the DDR Southeast
Pool Mortgage Loan. Only one of the pari
passu notes is included in the Series
2007-C6 securitization transaction.
--------------------------------------------------------------------------------
000 XXXX XXXXXXX Xxx 000 Xxxx Xxxxxxx Loan Combination is
evidenced by four pari passu notes, which
notes are all secured by the same mortgage
instrument encumbering the 000 Xxxx
Xxxxxxx Mortgage Loan. Only one of the
pari passu notes is included in the Series
2007-C6 securitization transaction.
--------------------------------------------------------------------------------
Exceptions to Representation (8)
--------------------------------------------------------------------------------
Loans Exceptions
--------------------------------------------------------------------------------
SECURITY OFFICE PARK The Mortgage Loans are structured as
INTERNATIONAL TOWERS BUILDING indemnity deeds of trust ("IDOT"), under
which the Guarantor of the Mortgage Note
related to the IDOT owns the related
Mortgaged Property and thus has an
interest in the lease payments.
--------------------------------------------------------------------------------
Exceptions to Representation (13)
--------------------------------------------------------------------------------
Loans Exceptions
--------------------------------------------------------------------------------
WALGREENS - SALISBURY Walgreens currently self-insures the
WALGREENS - SHELBYVILLE Mortgaged Property.
--------------------------------------------------------------------------------
III-1
--------------------------------------------------------------------------------
TREASURE ISLE MHP Borrower may obtain insurance containing a
ORANGE GROVE co-insurance provision for up to 10% of
the insured replacement value of the
Mortgaged Property.
--------------------------------------------------------------------------------
REGIONS BANK The loan documents permit Borrower to
modify its insurance coverage without
consent of the Lender as follows: (a)
Borrower may obtain insurance containing a
coinsurance provision for up to 10% of the
insured replacement value of the mortgaged
property and (b) Borrower may obtain
business interruption and rent loss
coverage for a period equivalent to 4 full
months of business interruption and/or
rent loss.
--------------------------------------------------------------------------------
Exceptions to Representation (19)
--------------------------------------------------------------------------------
Loans Exceptions
-------------------------------------------------------------------------------
VDR RETAIL PORTFOLIO The Xxxx Ellyn Property has some
contamination in excess of the permissible
levels. The seller of the Xxxx Ellyn
Property is in the process of obtaining an
NFR letter. If the seller fails to obtain
an NFR letter, the Borrower is obligated
to do so. The Lake Zurich Property has
some oil contamination under the
foundation of the building. An NFR letter
has been requested. The seller of the Lake
Zurich Property escrowed $25,000 to secure
the performance of its obligations in
connection therewith.
-------------------------------------------------------------------------------
Exceptions to Representation (29)
--------------------------------------------------------------------------------
Loans Exceptions
--------------------------------------------------------------------------------
PAVILLION CENTER Borrower is not required to be a special
purpose entity subject to certain
conditions, including, but not limited to,
the following: (a) the outstanding balance
of all indebtedness of Borrower does not
exceed 40% of the market value of the
assets of the Borrower and (b) the
combined debt service coverage ratio of
all assets of Borrower does not fall below
2.0x.
--------------------------------------------------------------------------------
III-2
SCHEDULE IV
EXCEPTIONS TO GROUND LEASE REPRESENTATIONS AND WARRANTIES
Exceptions to Representation (3)
--------------------------------------------------------------------------------
Loans Exceptions
--------------------------------------------------------------------------------
WACHOVIA CAPITOL CENTER The ground leases for the "Parking Garage"
and the "Parcel Three Space" at the
Mortgaged Property do not require
mortgagee's prior consent prior to
amendment, modification, cancellation or
termination; however the Mortgage Loan
documents prohibit any such amendment,
modification, cancellation or termination
without Mortgagee's prior consent.
--------------------------------------------------------------------------------
Exceptions to Representations (8)
-------------------------------------------------------------------------------
Loans Exceptions
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
WACHOVIA CAPITOL CENTER The ground lease for the "Parking Garage"
expires in 2029 with no rights of renewal;
however, Borrower has the right to
purchase the "Parking Garage" during the
ground lease term.
-------------------------------------------------------------------------------
IV-1
ANNEX A
MORTGAGE LOAN SCHEDULE
A-1
LOAN
LOAN MORTGAGE GROUP
NUMBER LOAN SELLER NUMBER LOAN / PROPERTY NAME
---------------------------------------------------------------------------------------------------
1 LaSalle 1 DDR Southeast Pool
1.1 1 Hilltop Plaza
1.2 1 Largo Town Center
1.3 0 Xxxxxx Xxxxx
0.0 0 Xxxxxxxxxx Xxxxx
1.5 1 Highland Grove
1.6 1 Riverdale Shops
1.7 0 Xxxxxxx Xxxxx
1.8 1 Apple Blossom Corners
1.9 1 Fayetteville Pavilion
1.10 0 Xxxxxxxxx Xxxxxxxx
0.00 0 Xxxxxxxx Xxxxx
1.12 0 Xxxxxxxxx Xxxxx
0.00 0 Xxxxxxxxxx Xxxxxxx Center
1.14 1 Springfield Commons
1.15 0 Xxxxxxxxx Xxxxxxx
0.00 0 Xxxxxxx Xxxxxx at Golf
1.17 1 Oviedo Park Crossing
1.18 1 Shoppes of Golden Acres
1.19 1 Bardmoor Shopping Center
1.20 1 Rosedale Shopping Center
1.21 0 Xxxxxxxxxxx Xxxxxxx
1.22 1 Shoppes at New Tampa
1.23 0 Xxxxxxxxxx Xxxxx
1.24 1 Xxxxx Xxx Xxxxxxx
0.00 0 Xxxxx Xxxxxx Xxxxx
1.26 1 Melbourne Shopping Center
1.27 0 Xxxxxx Xxxxxx
1.28 1 Shoppes of Lithia
1.29 0 Xxxx Xxxx Xxxxx Xxxxxx
0.00 0 Xxxxxx Xxxxxx
1.31 1 Lakewood Ranch
1.32 1 Xxxxx Crossing
1.33 1 Xxxxxxx Corners
1.34 1 Clearwater Crossing
1.35 1 Shoppes at Paradise Pointe
1.36 1 Killearn Shopping Center
1.37 0 Xxxxxx Xxxxx
1.38 1 River Run Shopping Center
1.39 0 Xxxxxxxx Xxxxxx
1.40 0 Xxxxx Xxxxxx
1.41 1 Chickasaw Trails Shopping Center
1.42 1 Shoppes at Lake Dow
1.43 1 Shoppes of Ellenwood
1.44 1 Shops at Xxxxxx'x Crossing
1.45 1 Southwood Village Shopping Center
1.46 0 Xxxxxxx Xxxxx
1.47 0 Xxxxxxxx Xxxxxx
1.48 1 Countryside Shopping Center
1.49 1 Shoppes of Citrus Hills
1.50 1 Crystal Springs Shopping Center
1.51 1 Xxxxxx Commons
1.52 1 Xxxxxxxx Crossing
---------------------------------------------------------------------------------------------------
0 XxXxxxx 0 Xxxx Xxxx Apartment Portfolio
4.1 2 0000-0000 Xxxxx Xxxxxxxxx Xxxxxx
4.2 2 0000-0000 Xxxxx Xxxxx Xxx., 000-000 X. 00xx Xx.
4.3 2 0000-0000 Xxxxx Xxxxxxxx Xxx., 1204-1224 E. 54th St.
4.4 2 5335-5345 South Kimbark Ave., 0000-0000 X. 00xx Xx.
4.5 2 1509-1517 E. 57th St., 0000-0000 Xxxxx Xxxxxx Xxx.
4.6 2 0000 Xxxxx Xxxxxxxxx Xxxxxx
4.7 2 0000-0000 Xxxxx Xxxxx Xxxxxx
4.8 2 0000-00 X. Xxxxxxxx Xxxxxx
4.9 2 0000-0000 Xxxxx Xxxx Xxxx Xxxxxx
4.10 2 0000-0000 Xxxxx Xxxxxxxxx Xxx., 1021-1029 E. 53rd
4.11 2 5234-5244 South Ingleside, 912-914 E. 53rd
4.12 2 0000-0000 Xxxx 00xx Xx.
4.13 2 0000-0000 Xxxxx Xxxxxxxx Xxxxxx
4.14 2 0000-0000 Xxxxx Xxxxxxxx, 000-000 X. 00xx Xx.
4.15 2 0000-0000 Xxxxx Xxxxxxxx Xxx., 000-000 X. 00xx Xx.
4.16 2 0000-0000 Xxxxx Xxxxxxxx Xxxxxx
4.17 2 5320-5326 Xxxxx Xxxxxx
0.00 0 0000 Xxxxx Xxxx Xxxx
4.19 2 5355-5361 Xxxxx Xxxxxxx Xxxxx, 000-000 X. 00xx Xx.
4.20 2 0000-0000 Xxxxx Xxxxxxxxx Xxx., 000-000 X. 00xx Xx.
4.21 2 5401-5409 Xxxxx Xxxxxxx Xxxxx, 000-000 X. 00xx Xx.
4.22 2 0000-0000 Xxxxx Xxxxxxx Xxxxxx
4.23 2 5237-5245 South Kenwood, 1368-1370 E. 53rd
4.24 2 0000-0000 Xxxxx Xxxxxxx Avenue
4.25 2 0000-0000 Xxxxx Xxxxxxxx Xxx., 000-000 X. 00xx Xx.
4.26 2 0000 Xxxxx Xxxxxx Xxxxxxxxx
4.27 2 0000-0000 Xxxxx Xxxx Xxxx Xxxxxxxxx
4.28 2 5202-5210 South Cornell
4.29 2 0000-0000 Xxxxx Xxxxxxxxx
4.30 2 0000-0000 Xxxxx Xxxxxx Xxx., 909-911 E. 54th St.
4.31 2 5218-5220 South Kimbark
4.32 2 0000-0000 Xxxxx Xxxx Xxxx Xxxxxxxxx
4.33 2 0000-0000 Xxxxx Xxxxxxxx Xxxxxx
4.34 2 0000-0000 Xxxxx Xxxx Xxxx Xxxxxxxxx
4.35 2 0000-0000 Xxxxx Xxxxxxx Xxxxxx
4.36 2 0000-0000 Xxxxx Xxxx Xxxx Xxxxxxxxx
4.37 2 0000-0000 Xxxxx Xxxxxxxx Xxx., 1211-1213 E. 00xx Xx.
0.00 0 0000 Xxxxx Xxxxxxx Avenue
4.39 2 0000 Xxxxx Xxxx Xxxx Xxxxxx
4.40 2 0000-0000 Xxxxx Xxxxxxxx Xxxxxx
4.41 2 5457-5459 South Xxxxxxxxxx Xxxxxx
0.00 0 0000 Xxxxx Xxxx Xxxx Avenue
4.43 2 0000-0000 Xxxxx Xxxxxxx Xxxxxx
---------------------------------------------------------------------------------------------------
5 LaSalle 1 Wachovia Capitol Center
---------------------------------------------------------------------------------------------------
6 LaSalle 1 Ala Moana Portfolio
6.1 1 Ala Moana Center
6.2 1 Ala Moana Building
6.3 1 Ala Moana Pacific Center
6.4 1 Ala Moana Plaza
---------------------------------------------------------------------------------------------------
12 LaSalle 1 000 Xxxx Xxxxxxx
17 LaSalle 1 Fifty West Corporate Center
---------------------------------------------------------------------------------------------------
00 XxXxxxx 0 XXX - XX & XX Industrial Portfolio
18.1 1 La Miada Commerce Center
18.2 0 Xxx Xxxx Xxxxxxxxxx
00.0 0 Xxxxxxxx Xxxxxxxx Xxxx
18.4 1 East Valley Distribution Center
---------------------------------------------------------------------------------------------------
19 LaSalle 0 Xxxxxxx Xxxxxx Xxxxxx Xxxx
22 LaSalle 1 Woodside Corporate Park
23 LaSalle 1 000 Xxxxxxxxxx Xxxxxx Xxxxx
---------------------------------------------------------------------------------------------------
00 XxXxxxx 0 XXXX Xxxxxxxxx
00.0 0 XXXX - Xxxxxxxxx
25.2 1 BCBG - Santa Fe
25.3 1 BCBG - Leonis
---------------------------------------------------------------------------------------------------
26 LaSalle 2 Southeast Apartment Portfolio
26.1 0 Xxxxx Xxxxxxx Xxxxxxxxxx
00.0 0 Xxxxxxxx Xxxxx Apartments
26.3 0 Xxxxxxx Xxxxxxx Xxxxxxxxxx
00.0 0 Xxxxxx Xxxx Apartments
26.5 2 Willow Xxxx Apartments
26.6 2 Quail Pointe Apartments
26.7 2 Xxxxxx Xxxxx Apartments
---------------------------------------------------------------------------------------------------
28 LaSalle 1 IAC - Oregon Industrial Portfolio
28.1 1 Commerce Park - Milwaukie
28.2 1 Commerce Park - McLoughlin
28.3 1 Commerce Park - Clackamas
28.4 1 Commerce Park - Wilsonville
---------------------------------------------------------------------------------------------------
30 LaSalle 1 Prologis Industrial
30.1 1 Prologis Industrial - Stone Fort Distribution Center No. 1
30.2 1 Prologis Industrial - Airport Distribution Center #16
30.3 1 Prologis Industrial - Airport Distribution Center #19
30.4 1 Prologis Industrial - Airport Distribution Center #10
30.5 1 Prologis Industrial - Southwide Industrial Center #7
30.6 1 Prologis Industrial - Airport Distribution Center #2
30.7 1 Prologis Industrial - Xxxx Distribution Center #2
30.8 1 Prologis Industrial - Xxxx Distribution Center #5
30.9 1 Prologis Industrial - Airport Distribution Center #11
30.10 1 Prologis Industrial - Xxxx Distribution Center #8
30.11 1 Prologis Industrial - Stone Fort Distribution Center No. 4
30.12 1 Prologis Industrial - Airport Distribution Center #4
30.13 1 Prologis Industrial - Airport Distribution Center #15
30.14 1 Prologis Industrial - Airport Distribution Center #18
30.15 1 Prologis Industrial - Southwide Industrial Center #6
30.16 1 Prologis Industrial - Airport Distribution Center #9
30.17 1 Prologis Industrial - Airport Distribution Center #7
30.18 1 Prologis Industrial - Airport Distribution Center #8
30.19 1 Prologis Industrial - Southwide Industrial Center #5
30.20 1 Prologis Industrial - Southwide Industrial Center #8
---------------------------------------------------------------------------------------------------
33 LaSalle 1 Westlake Landing
42 LaSalle 1 Regency Court
---------------------------------------------------------------------------------------------------
44 LaSalle 1 VDR Retail Portfolio
44.1 0 Xxxxxxxx Xxxxx
00.0 0 Xxxx Xxxxx Crossing
44.3 1 Burbank Crossing
---------------------------------------------------------------------------------------------------
48 LaSalle 1 Country Club Village
50 LaSalle 1 deCODE genetics
53 LaSalle 2 Granada Apartments
---------------------------------------------------------------------------------------------------
00 XxXxxxx 0 XXX - Xxxxx Xxxx (Buildings A & B)
57.1 0 Xxxxx Xxxx Xxxxxxxx X
57.2 1 Lenox Park Building A
---------------------------------------------------------------------------------------------------
67 LaSalle 1 Lake Xxxxxxx Center
70 LaSalle 1 International Towers Xxxxxxxx
00 XxXxxxx 0 Xxxxxx - Xxxxxxxxx
00 XxXxxxx 0 Xxxxxxx Xxxxx
76 LaSalle 1 Cobblestone Shopping Center
79 LaSalle 1 Holiday Resorts - Miami Beach, FL
80 XxXxxxx 0 XXX Xxxxxx Xxxxxxxx
00 XxXxxxx 0 Xxxxxxxxxx Apartments
86 LaSalle 1 Windsor Commerce Center
89 LaSalle 1 Vail Ranch Towne Square
93 LaSalle 1 Riverbirch Corner Shopping Center
95 LaSalle 1 NNN - Lenox Park (Building G)
97 LaSalle 1 Las Vegas Tech Center
105 LaSalle 1 The Shoppes at Xxxxxxx
113 LaSalle 1 761 - 000 Xxxxxxxx Xxxxxx
114 LaSalle 0 Xxxxxxxxx Xxxxxx
000 XxXxxxx 0 Xxxxxxxx Xxxxxxxxx
000 XxXxxxx 0 Xxxx Xxxxx Shopping Center
133 LaSalle 1 Women's Physician Center
134 LaSalle 2 Southwind MHP
136 LaSalle 1 D&W Grocery Store
139 LaSalle 1 Cedar Medical Center
141 LaSalle 1 Xxxxxx Center
156 LaSalle 1 Xxxxx Displays Corporate Headquarters
000 XxXxxxx 0 Xxxxx Xxxxxx Xxxxxx
000 XxXxxxx 0 Xxxxxxxx Xxxxxxxx
000 XxXxxxx 1 37 West Medical
178 LaSalle 1 Oaks at Centre Point
179 LaSalle 0 Xxx Xxxxxxxxxx
000 XxXxxxx 1 Bloomingdale Commons
000 XxXxxxx 0 Xxxxxxxxxx Xxxxxxx Apartments
192 LaSalle 1 Neiman Marcus - Georgetown
196 LaSalle 1 Park Santa Fe - Flagstaff
201 LaSalle 1 Home Depot
202 LaSalle 1 IAC 1850 Xxxxxx
203 LaSalle 1 Xxxxxx Electric
210 LaSalle 1 Hampton Inn Xxxxxxxx
211 LaSalle 1 Cobalt Marketplace
214 LaSalle 1 Fairway Financial Center
218 LaSalle 1 Days Inn Oceanside - Miami Beach, FL
219 LaSalle 1 Rite Aid - Totem Lake
220 LaSalle 0 Xxxxxxx Xxxxx Xxxxxxxxxx
000 XxXxxxx 1 Harbour Breeze Professional Center
000 XxXxxxx 0 Xxxxxx Xxxxxxx
226 LaSalle 1 Sleep Inn University Place
232 LaSalle 1 Fairfield Inn - Evansville West
233 LaSalle 2 Apple Villa Apartments
---------------------------------------------------------------------------------------------------
234 LaSalle 0 Xxxxxxx Xxxx Xxxx Xxxxxxx Xxxx
234.1 2 The Xxxxxxx
234.2 2 Village Xxxx
234.3 2 Edge Park
---------------------------------------------------------------------------------------------------
236 LaSalle 1 TNS Building
237 LaSalle 1 Redlands Retail
000 XxXxxxx 0 Xxxxxxxxx, Xxxxxxxxx
240 LaSalle 1 One Mokena Plaza
243 LaSalle 0 Xxxxx Xxxxxx Xxxxx
---------------------------------------------------------------------------------------------------
Xxxxxx Place and Lenox Garden Crossed Portfolio
245 LaSalle 0 Xxxxxx Xxxxx Xxxxxxxxxx
000 XxXxxxx 2 Lenox Garden Apartments
---------------------------------------------------------------------------------------------------
247 XxXxxxx 0 Xxxxxxxx Xxxxx
000 XxXxxxx 0 Xxxxxxx Xxx Xxxxxxxxx
254 LaSalle 1 Independence Commons
000 XxXxxxx 0 Xxxxxxxxxx Xxxxxxxx
000 XxXxxxx 0 Xxxxxxxxx Xxxxxxxxxxx
000 XxXxxxx 0 Xxxxxxxx Xxxx Apartments
259 LaSalle 2 Treasure ISLE MHP
260 LaSalle 1 Xxxxxxx Square Shopping Center
261 LaSalle 1 Holiday Inn Express Jasper, Al
264 LaSalle 0 Xxxxxx Xxxxxx Xxxx
000 XxXxxxx 2 51 Estates
267 LaSalle 1 Lakewood You Store It
269 LaSalle 2 Xxxxx Apartments
270 LaSalle 1 Xxxx Point Town Center
271 LaSalle 1 Space World Self Storage - South
274 LaSalle 1 0000 XxXxxxxx Xxxx
276 LaSalle 1 000 Xxxxxx Xxxxxx
000 XxXxxxx 0 Xxxxxx Xxxxx MHP
000 XxXxxxx 0 Xxxxxxxx Xxxxxxx
285 LaSalle 0 Xx. Xxxxxx Xxxxxx
000 XxXxxxx 1 Tractor Supply
288 LaSalle 2 Lazy Land Manufactured Housing Park
289 LaSalle 1 Interline Brands
292 LaSalle 2 Northbrook Moblile Home Community
000 XxXxxxx 0 XX - Xxxxxxx Xxx Xxxxxx XX
296 LaSalle 1 30412 Xxxxxxxxx
000 XxXxxxx 0 Xxxxxxxx Xxxxxxx MHP
302 LaSalle 1 Hoosic Valley Shopping Center
000 XxXxxxx 1 00000 Xxxxxx Xxxx Xxxxx
304 LaSalle 2 Hillview Acres Manufactured Housing Community
305 LaSalle 1 North Trail Stor-It Park
307 LaSalle 1 IonBond, Inc
000 XxXxxxx 0 Xxxxxx Xxxxxx
310 LaSalle 2 Beaver Dam MHP
311 LaSalle 2 River Bluff Apartments
312 LaSalle 2 Buckbal
313 LaSalle 1 Space World Self Storage - North
314 LaSalle 1 Wachovia Alpharetta Ground Lease
315 LaSalle 1 Hannaford Ground Lease
316 LaSalle 1 Paducah Shopping Center
318 LaSalle 2 New Colony
319 LaSalle 1 Regions Bank
NUMBER PROPERTY ADDRESS CITY
------------------------------------------------------------------------------------------------------------------------------------
1 Various Various
1.1 3200-4200 Xxxxx Way, 0000 Xxxxx Xxxxx Xxxxxxxx
1.2 000 Xxxxx Xxxxxx Xxxxx Largo
1.3 0000 Xxxxx Xxxxxxxxxx Xxxxx Tamarac
1.4 0000-0000 Xxxxxxxxxx Xxxxxxx Canton
1.5 00000 Xxxxxxxxxxxx Xxxxxxxxx Xxxxxxxx
1.6 000 Xxxxxxxxx Xxxxxx Xxxx Xxxxxxxxxxx
1.7 0000 Xxxxx Xxxxxx Xxxxxxx Xxxxx Xxxxxxx
1.8 0000 Xxxxx Xxxxxxxx Xxxxxx Xxxx Xxxxxxxxxx
1.9 0000-0000 Xxxxx Xxxx Xxxxxxxxxxxx
1.10 0000 00xx Xxxxx Xxxx Xxxxxxxxx
1.11 0000 Xxxxxxxx Xxxx Xxxxxxxx Xxxxx
1.12 0000 Xxxxxxx Xxxxxxx Xxxx Xxxxxx
1.13 000 Xxxxxxxxxx Xxxxxxx Xxxxx Xxxxxx Xxxx
1.14 Airport Highway South Holland Sylvania Road Toledo
1.15 0000-0000 Xxxxxxxxx Xxxxxxxxx Xxxx Xxxxx Gardens
1.16 0000-0000 Xxxxx Xxxxxxxx Xxxxxx Xxxxxxx Xxxxx
1.17 1115 Vidina Place Oviedo
1.18 0000 Xxxxxx Xxxx Xxx Xxxx Xxxxxx
1.19 00000 Xxxxxxx Xxxx Largo
1.20 0000 Xxxxxx Xxxx Xxxxxxxxxxxx
1.21 0000 Xxxxx Xxxxxxx Xxxxxxxxx Casselberry
1.22 1950 Xxxxx X. Xxxxx Boulevard Xxxxxx Chapel
1.23 Route 38 Lumberton
1.24 000xx Xxxxxx xxx 000xx Xxxxxx Xxxxx
1.25 15001 North Xxxx Xxxxx Highway Tampa
1.26 1301 - 0000 Xxxxx Xxxxxxx Xxxxxx Xxxxxxxxx
1.27 0000 Xxxxxxx 0 Xxxxxxxxxxxx
1.28 0000 Xxxxxx-Xxxxxxxxx Xxxx Xxxxxxx
1.29 0000 Xxxx Xxxxxxxx Xxxxx Xxxxx
1.30 0000 Xxxxxxxxx Xxxxxxx Cumming
1.31 0000-0000 Xxxxxxxx Xxxxx Xxxxxxxxx Xxxxxxxxx
1.32 4349-4357 Lawrenceville Highway Xxxxxx
1.33 00000 X.X. Xxxxxxx 00 Xxxx Xxxxxxx
1.34 0000 Xxxxx Xxxxxxx Xxxx Flowery Branch
1.35 000 Xxxxxxx Xxxxx Xxxxxxx Xxxx Xxxxxx Xxxxx
1.36 0000 Xxxxxxxxxxx Xxxx Xxxxxxxxxxx
1.37 0000 Xxxxx Xxxx Xxxx Xxxxxxx
1.38 0000 Xxxxxxx Xxxxxxx Miramar
1.39 0000 Xx Xxxxxx Xxxxxxxxx Xxxxxxx Xxxxx
1.40 0000-0000 Xxxxxxxxxx Xxxx Xxxxx Xxxx
1.41 0000 Xxxxx Xxxxxxxxx Xxxxx Xxxxxxx
1.42 000 Xxxxxxx 00 Xxxx XxXxxxxxx
1.43 0000-0000 Xxxx Xxxxxxx Xxxx Ellenwood
1.44 0000 Xxxxxx Xxxxx Xxxxxxx Winston-Salem
1.45 0000 Xxxxx Xxxxx Xxxx Tallahassee
1.46 0000 Xxxx 00xx Xxxxxx Hialeah
1.47 000 Xxxx Xxxxxxxx Xxxxxx Dania
1.48 4025 Santa Xxxxxxx Boulevard Naples
1.49 0000 Xxxxx Xxxxxx Xxxxx Xxxxxxxxx Hernando
1.50 6738-6784 West Gulf to Lake Highway Crystal River
1.51 0000 Xxxxx Xxxx Xxxxxx Fuquay Varina
1.52 0000-0000 Xxxxx Xxxxxxxx Xxxx Decatur
------------------------------------------------------------------------------------------------------------------------------------
4 Various Chicago
4.1 0000-0000 Xxxxx Xxxxxxxxx Xxxxxx Chicago
4.2 0000-0000 Xxxxx Xxxxx Xxxxxx, 000-000 Xxxx 00xx Xxxxxx Xxxxxxx
4.3 0000-0000 Xxxxx Xxxxxxxx Xxxxxx, 0000-0000 Xxxx 00xx Xxxxxx Chicago
4.4 0000-0000 Xxxxx Xxxxxxx Xxxxxx, 0000-0000 Xxxx 00xx Xxxxxx Xxxxxxx
4.5 0000-0000 Xxxx 00xx Xxxxxx, 0000-0000 Xxxxx Xxxxxx Xxxxxx Xxxxxxx
4.6 0000 Xxxxx Xxxxxxxxx Xxxxxx Xxxxxxx
4.7 0000-0000 Xxxxx Xxxxx Xxxxxx Chicago
4.8 0000-00 Xxxxx Xxxxxxxx Xxxxxx Xxxxxxx
4.9 0000-0000 Xxxxx Xxxx Xxxx Xxxxxx Xxxxxxx
4.10 0000-0000 Xxxxx Xxxxxxxxx Xxxxxx, 0000-0000 Xxxx 00xx Xxxxxx Xxxxxxx
4.11 0000-0000 Xxxxx Xxxxxxxxx Xxxxxx, 000-000 Xxxx 00xx Xxxxxx Xxxxxxx
4.12 0000-0000 Xxxx 00xx Xxxxxx Chicago
4.13 0000-0000 Xxxxx Xxxxxxxx Xxxxxx Chicago
4.14 0000-0000 Xxxxx Xxxxxxxx, 000-000 X. 00xx Xxxxxx Xxxxxxx
4.15 0000-0000 Xxxxx Xxxxxxxx Xxxxxx, 000-000 Xxxx 00xx Xxxxxx Xxxxxxx
4.16 0000-0000 Xxxxx Xxxxxxxx Xxxxxx Chicago
4.17 5320-5326 South Drexel Chicago
4.18 0000 Xxxxx Xxxx Xxxx Xxxxxxxxx Xxxxxxx
4.19 5355-5361 Xxxxx Xxxxxxx Xxxxx, 000-000 Xxxx 00xx Xxxxxx Chicago
4.20 0000-0000 Xxxxx Xxxxxxxxx Xxxxxx, 000-000 Xxxx 00xx Xxxxxx Xxxxxxx
4.21 5401-5409 Xxxxx Xxxxxxx Xxxxx, 000-000 Xxxx 00xx Xxxxxx Chicago
4.22 0000-0000 Xxxxx Xxxxxxx Xxxxxx Chicago
4.23 0000-0000 Xxxxx Xxxxxxx Xxxxxx, 0000-0000 Xxxx 00xx Xxxxxx Chicago
4.24 0000-0000 Xxxxx Xxxxxxx Xxxxxx Chicago
4.25 0000-0000 Xxxxx Xxxxxxxx Xxxxxx, 000-000 Xxxx 00xx Xxxxxx Xxxxxxx
4.26 0000 Xxxxx Xxxxxx Xxxxxxxxx Xxxxxxx
4.27 0000-0000 Xxxxx Xxxx Xxxx Xxxxxxxxx Xxxxxxx
4.28 0000-0000 Xxxxx Xxxxxxx Xxxxxx Chicago
4.29 0000-0000 Xxxxx Xxxxxxxxx Xxxxxx Chicago
4.30 0000-0000 Xxxxx Xxxxxx Xxxxxx, 000-000 Xxxx 00xx Xxxxxx Xxxxxxx
4.31 0000-0000 Xxxxx Xxxxxxx Xxxxxx Chicago
4.32 0000-0000 Xxxxx Xxxx Xxxx Xxxxxxxxx Xxxxxxx
4.33 0000-0000 Xxxxx Xxxxxxxx Xxxxxx Chicago
4.34 0000-0000 Xxxxx Xxxx Xxxx Xxxxxxxxx Xxxxxxx
4.35 0000-0000 Xxxxx Xxxxxxx Xxxxxx Chicago
4.36 0000-0000 Xxxxx Xxxx Xxxx Xxxxxxxxx Xxxxxxx
4.37 0000-0000 Xxxxx Xxxxxxxx Xxxxxx, 0000-0000 Xxxx 00xx Xxxxxx Chicago
4.38 0000 Xxxxx Xxxxxxx Xxxxxx Xxxxxxx
4.39 0000 Xxxxx Xxxx Xxxx Xxxxxx Xxxxxxx
4.40 0000-0000 Xxxxx Xxxxxxxx Xxxxxx Chicago
4.41 0000-0000 Xxxxx Xxxxxxxxxx Xxxxxx Chicago
4.42 0000 Xxxxx Xxxx Xxxx Xxxxxx Xxxxxxx
4.43 0000-0000 Xxxxx Xxxxxxx Xxxxxx Xxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
5 000 Xxxxxxxxxxxx Xxxxxx Raleigh
------------------------------------------------------------------------------------------------------------------------------------
6 Various Honolulu
6.1 0000 Xxx Xxxxx Xxxxxxxxx Xxxxxxxx
6.2 0000 Xxxxxxxxx Xxxxxxxxx Xxxxxxxx
6.3 0000 Xxxxxxxxx Xxxxxxxxx Xxxxxxxx
6.4 000 Xxxxxx Xxxxxx Xxxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
12 000 Xxxx Xxxxxxx Xxxxxx, 900-950 West Xxxxxxxxx, 000 Xxxxx Xxxxxxx Xxxxxxx
17 0000 Xxxx Xxxxx Xxxxx Xxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
18 Various Various
18.1 16651-16855 Xxxxx Avenue & 00000 Xxxxxx Xxx Xx Mirada
18.2 0000 00xx Xxxxx Xxxxx & 0000-0000 Xxxxx 00xx Xxxxx Seattle
18.3 6801-6819 Gage Avenue & 0000-0000 Xxxxxx Xxxxx Xxxxxxxx
18.4 00000 00xx Xxxxxx Xxxxx Xxxx
------------------------------------------------------------------------------------------------------------------------------------
19 505 - 000 Xxxxxxx Xxxx Xxxxx Xxxxxxx
00 00000, 15425, 15275, 15125, 15075, 15140 and 00000 XX Xxxx Xxxxxxx and 00000 Xxxxxxxxx Xxxxx Xxxxxxxxx
23 100 Technology Center Drive Stoughton
------------------------------------------------------------------------------------------------------------------------------------
25 Various Xxxxxx
25.1 2701, 2707, 2711, 0000 Xxxxxxxxx Xxxxxx Xxxxxx
25.2 0000 Xxxxx Xxxxx Xx Xxxxxx Xxxxxx
25.3 0000 Xxxxxx Xxxxxxxxx Xxxxxx
------------------------------------------------------------------------------------------------------------------------------------
26 Various Various
26.1 0 Xxxxxxxx Xxxx Xxxxxxxxxx
26.2 0000 Xxxx Xxxx Xxxxxx Xxxxxxxxxxx
26.3 0000 Xxxxxx Xxxxxx Xxxxxxxxx
26.4 000 Xxxxxx Xxxxxx Xxxxxxxxxxx
26.5 000 Xxxxxx Xxx Xxxx Xxxx
26.6 000 Xxxx Xxxxxxxxxx Xxxx Xxxxxxxxxxx
26.7 0000 Xxxxxxxxx Xxxxxxxxx Sumter
------------------------------------------------------------------------------------------------------------------------------------
28 Various Various
28.1 00000-00000 Xxxxxxxxx Xxxxxxx Xxxx Milwaukie
28.2 0000-0000 Xxxxxxxxx Xxxxxxxx Xxxxx Milwaukie
28.3 16065-16251 Southeast 98th Avenue Clackamas
28.4 00000 Xxxxxxxxx Xxxxxxxx Xxxxxx & 0000 Xxxxxxxxx Xxxxxx Xxxx Wilsonville
------------------------------------------------------------------------------------------------------------------------------------
30 Various Various
30.1 0000 Xxxxxxxx Xxxxxxx Xxxxxxxxxxx
30.2 0000 Xxx Xxxxxxx Xxxx Memphis
30.3 3977, 4011 & 0000 Xxxx Xxxxxx Xxxx Xxxxxxx
30.4 0000 Xxxx Xxxxxx Xxxxxxx
30.5 0000-0000 Xxxxxxxx Xxxxx Xxxxxxx
30.6 4148-4194 Xxxx Street Memphis
30.7 3901-3921 Xxxx Street Memphis
30.8 0000 Xxxx Xxxxxx Xxxxxxx
30.9 3970 & 0000 Xxxxxxx Xxxxxx Xxxxxxx
30.10 4486-4524 Xxxx Street Memphis
30.11 0000 Xxxxx Xxxxx Xxxx Chattanooga
30.12 0000-0000 Xxxxxxxx Xxxx Memphis
30.13 0000 Xxx Xxxxxxx Xxxx Memphis
30.14 0000-0000 Xxxxxxx Xxxxxx Memphis
30.15 0000-0000 Xxxxx Xxxxxx Memphis
30.16 0000 Xxxxxxxx Xxxx and 0000 Xxxx Xxxxxx Xxxx Memphis
30.17 4313 Air Trans Road Memphis
30.18 4299 Air Trans Road Memphis
30.19 0000-0000 Xxxxxxxxx Xxxx Memphis
30.20 0000 Xxxxx Xxxxxx Memphis
------------------------------------------------------------------------------------------------------------------------------------
33 32121-32133 Lindero Xxxxxx Xxxx Xxxxxxxx Xxxxxxx
00 0000 Xxxxxxxxx Expressway Jacksonville
------------------------------------------------------------------------------------------------------------------------------------
44 Various Various
44.1 000 Xxxxx Xxxx Xxxx Xxxx Xxxxxx
44.2 000 Xxxxxxxxx Xxxx Xxxx Xxxxx
44.3 0000 Xxxxx Xxxxxx Xxxxxx Xxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
48 0000-0000 Xxxxxxx Xxxxxxxxx Xxx Xxxxx
50 0000 Xxxx Xxxxx Xxxx Xxxxxxxxx
53 1717 Xxxxx Road Erie
------------------------------------------------------------------------------------------------------------------------------------
57 Various Memphis
57.1 0000 Xxxxx Xxxx Xxxxxxxxx Xxxxxxx
57.2 0000 Xxxxx Xxxx Xxxxxxxxx Xxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
67 0000 Xxxxxxxxx Xxxxxxxxx Xxxxxxxxxxx
70 000 Xxxxxxxx Xxxxxxx Xxxx Linthicum
71 0000 Xxxxxx Xxxx Xxxxxxxxx
75 000 Xxxxxxxxxx Xxxxxxx Mechanicsburg
76 000 Xxxxxxxx Xxxxxx Xxxxxxx
79 0000 Xxxxxxx Xxxxxx Xxxxx Beach
80 00 Xxxxxxxxxxx Xxxx Xxxxxxxxx Xxxxxx Xxxx
84 00000 Xxxxx 00xx Xxxxx Xxxxxxx
86 0000 Xxxx Xxxxxxxxxx Xxxx Jupiter
89 32605 & 00000 Xxxxxxx 00 Xxxxx Xxxxxxxx
93 0000 Xxxxxx Xxxx Xxxxxxx
95 0000 Xxxxx Xxxxxx Xxxxx Xxxxxxx
97 0000-0000 Xxxxx Xxxxxx Xxx Xxx Xxxxx
105 15305-15367 Xxxxxxx Drive Tampa
113 761, 777 & 000 Xxxxxxxx Xxxxxx Xxxxxx
114 00000 Xxxx Xxxxx Xxxxxx Xxxxx Xxxx Xxxxx
115 0000 Xxxxxxxx Xxxxxxxxx Xxxxx Xxxx
116 00 Xxxxxx Xxxxxx Xxxxx Xxxxxxxx
133 0000 Xxxxxxxx Xxxx Xxxx Xxxxxxxxxxxx
134 000 Xxxxxx Xxxx 0 Xxxx Xxxxxx
136 00 Xxxxxxx Xxxxxx Xxxxxxx
139 0000 Xxxxx Xxxxx Xxxxxx Tacoma
141 9001-9051 Columbus Xxxx Xxxxx Center
156 0000 Xxxx 00xx Xxxxxx Xxxxxxxxx
157 0000 Xxxxx Xxxxxx Xxxxxx Xxxxxx
168 0000 Xxxxx Xxxx Xxxxx Marietta
173 000 Xxxxxxxxx Xxxx Toms River
178 0000 Xxxxxx Xxxxx Xxxxx Xxxxxxxxxx
000 00000 and 00000 Xxxx Xxxxxx Xxxx Xxxxxxxx
180 000-000 Xxxx Xxxxxxxxxxxx Xxxxxx Xxxxxxx
181 3621-79 Xxxx Xxxxxxx Xxxxxx & 0000-00 Xxxxx 00xx Xxxxxx Franklin
192 0000 X Xxxxxx, Xxxxxxxxx Xxxxxxxxxx
196 3470-3520 East Xxxxx 00 Xxxxxxxxx
000 00000 Xxxx Xxxx Macomb
202 0000 Xxxxxx Xxxxxx Xxx Xxxxx Village
203 0000 Xxxxxxxxx Xxxxx Downers Grove
210 000 Xxxxxxxxxx Xxxx. Xxxxxxxx
211 000 Xxxx Xxxxxx Xxxxxx Xxxxxxxxxx
214 00 Xxxxxxx Xxxxx Xxxxxxxxx Xxxxx
218 0000 Xxxxxxx Xxxxxx Xxxxx Beach
219 00000 Xxxxx Xxxx Xxxxxxxxx Xxxxxxxx
220 000 XxXxxxx Xxxxxx Buffalo
221 0000-0000 Xxxxxxxxxx Xxx Suffolk
224 1325 North Forest Road Amherst
226 0000 Xxxxx Xxxxx Xxxxxx Xxxxxxxxx
232 0000 Xxxxxx Xxxx Xxxxxxxxxx
233 0000 Xxxxxxxxxxx Xxxxxxxxx Xxxxxxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
234 Various Various
234.1 00 Xxxx Xxxxxx Xxxxxx Buffalo
234.2 000-000 Xxxxxx Xxxxxx & 000 Xxxxx Xxxxxxx Street Lewiston
234.3 0000 Xxxxxxx Xxxxxx Buffalo
------------------------------------------------------------------------------------------------------------------------------------
236 1939 Xxxxxx Xxxxxx Place Reston
237 000 Xxxx Xxxxxxx Xxxxxx Xxxxxxxx
238 0000 Xxxx Xxxxx Xxxxxx Salisbury
240 19801-19839 South La Grange Road Mokena
243 0000 XX Xxxxxxx 00 Xxxxx Xxxxx Xxxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
245 00 Xxxxxx Xxxx Xxxxxxx News
246 000 Xxxxxxx Xxxxxx Xxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
247 000 Xxxxxxxxx Xxxx Natick
250 0000 XxXxxx 00 XX Xxxxxxxxx
254 0000 Xxxxxxxxxxxx Xxxxxxxxx Wilmington
255 000 Xxxxxxxxx Xxxx Xxxxxxxxxxxxxx
256 0000 Xxxxxxx Xxxxx Xxxxxxxxxxx
257 0000 Xxxxxxxx Xxxxx Xxxxxxxxx
259 000 Xxxxx Xxxx Xxxxxx Xxxx Xxxxxx
260 00000 Xxxxxxxxx Xxxxxxxx Xxxx Ellicott City
261 000 Xxx Xxxx Xxxx Jasper
264 000 Xxxxxxx Xxxxxx Xxxxxxxxxx
000 Xxxxx 00 & L.R. 288 Xxxxxxxxx
267 00000 Xxxxxxx Xxxxxxx XX Xxxxxxxx
000 000 Xxxx Xxxxx Xxxxxx Xxxxxxx
270 00000 Xxx Xxxxx Xxxxxx Xxxx Xxxxx
271 0000 Xxxxx Xxxxxxx Xxxxxx Russellville
274 0000 XxXxxxxx Xxxx Xxxx Xxxxxxxx
276 000 Xxxxxx Xxxxxx Xxx Xxxxx
278 0000 Xxxxxx Xxxx Xxxx Xxxxxxxxx
279 0000 Xxxxx Xxxxxxxx Xxxxxxxxx Xxxx Xxxxx
285 000 Xx. Xxxxxx Xxxxxx Xx. Xxxxxx
287 0000 Xxxx Xxxxxxxxxxx Xxxxx Xxxxxx
288 0000 Xxxxxxxxx 00xx Xxxxxx Xxxx Xxxxxxxxxx
289 000 Xxxxxxxx Xxxxx Xxxxxx Xxxxx
292 0000 Xxxxxxxxxx Xxxx Bowling Green
295 180 Willabrook Drive Xxxxxx
296 30412 Xxxxxxxxx Rancho Santa Xxxxxxxxx
301 1430 Torun Road Xxxxxxx Point
302 Intersection of Routes 40 & 67 Schaghticoke
303 00000 Xxxxxx Xxxx Xxxxx Xxxxxx
304 0000 Xxx Xxxxxxxxx Xxxx Xxxxxxxxxxxxxx
305 3804 North Orange Blossom Trail Orlando
307 0000 XxXxxxx Xxxx Xxxxxxxxxx
308 000-000 Xxxxxx Xxxxxx Xxxxxx Xxxxx
000 Xxxxx Xxxxxxxxxx Xxxx Xxxxxxxxxx
311 000 Xxxxxxx Xxxxxx Xxxxxx Xxxxx
312 0000-0000 Xxxxx Xxxxxxxx Xxxxxx Indianapolis
313 000 Xxxx Xxxxxxx Xxxxx Xxxxxxxxxxxx
314 15800 Xxxxxxxxxx Xxxxxxx Xxxxxxxxxx
000 31 Xxx Drive Pine Xxxx
316 0000 Xxxxxxxxxxx Xxxx Paducah
318 0000 Xxxxxxxxx Xxxxxxxx Xxxx Xxxx Mifflin
319 0000 Xxxxxxxxx Xxxxxx Xxxxxxx Beach
CROSS COLLATER- MASTER
LOAN CUT-OFF DATE ALIZED (MORTGAGE MORTGAGE SERVICING
NUMBER STATE ZIP CODE COUNTY PRINCIPAL BALANCE LOAN GROUP) RATE FEE RATE
---------------------------------------------------------------------------------------------------------------------------------
1 Various Various Various 442,500,000.00 No 5.6000% 0.0200%
1.1 CA 94806 Contra Costa
1.2 MD 20774 Prince Georges
1.3 FL 33321 Broward
1.4 GA 30114 Cherokee
1.5 IN 46322 Lake
1.6 MA 01089 Hampden
1.7 FL 32809 Orange
1.8 VA 22601 Frederick
1.9 NC 28314 Cumberland
1.10 FL 34203 Xxxxxxx
0.00 XX 00000 Broward
1.12 MD 00000 Xxxx Xxxxxxx
0.00 XX 00000 Orange
1.14 OH 43528 Xxxxx
1.15 FL 33403 Xxxx Xxxxx
0.00 XX 00000 Xxxx Xxxxx
0.00 XX 00000 Seminole
1.18 FL 34654 Xxxxx
0.00 XX 00000 Pinellas
1.20 NC 28078 Mecklenburg
1.21 FL 32707 Seminole
1.22 FL 33543 Xxxxx
0.00 XX 00000 Xxxxxxxxxx
0.00 XX 00000 Xxxxx-Xxxx
0.00 XX 00000 Xxxxxxxxxxxx
0.00 XX 00000 Xxxxxxx
0.00 XX 00000 Xxxxxxx
0.00 XX 00000 Xxxxxxxxxxxx
0.00 XX 00000 Orange
1.30 GA 30041 Xxxxxxx
0.00 XX 00000 Manatee
1.32 GA 30084 DeKalb
1.33 NC 27520 Xxxxxxxx
0.00 XX 00000 Hall
1.35 FL 32548 Xxxxxxxx
0.00 XX 00000 Xxxx
1.37 FL 32812 Orange
1.38 FL 33025 Broward
1.39 FL 33436 Xxxx Xxxxx
0.00 XX 00000 Franklin
1.41 FL 32825 Orange
1.42 GA 30252 Xxxxx
1.43 GA 30294 Xxxxx
0.00 XX 00000 Xxxxxxx
0.00 XX 00000 Xxxx
1.46 FL 33018 Xxxxx-Xxxx
0.00 XX 00000 Broward
1.48 FL 34104 Xxxxxxx
1.49 FL 34442 Citrus
1.50 FL 34429 Citrus
1.51 NC 27526 Wake
1.52 GA 30035 DeKalb
---------------------------------------------------------------------------------------------------------------------------------
4 IL Various Xxxx 123,150,000.00 No 5.9100% 0.0200%
4.1 IL 60615 Xxxx
4.2 IL 60615 Xxxx
4.3 IL 60615 Xxxx
4.4 IL 60615 Xxxx
4.5 IL 60637 Xxxx
4.6 IL 60615 Xxxx
4.7 IL 60615 Xxxx
4.8 IL 60615 Xxxx
4.9 IL 60615 Xxxx
4.10 IL 60615 Xxxx
4.11 IL 60615 Xxxx
4.12 IL 60615 Xxxx
4.13 IL 60615 Xxxx
4.14 IL 60615 Xxxx
4.15 IL 60615 Xxxx
4.16 IL 60615 Xxxx
4.17 IL 60615 Xxxx
4.18 IL 60615 Xxxx
4.19 IL 60615 Xxxx
4.20 IL 60615 Xxxx
4.21 IL 60615 Xxxx
4.22 IL 60637 Xxxx
4.23 IL 60615 Xxxx
4.24 IL 60637 Xxxx
4.25 IL 60615 Xxxx
4.26 IL 60615 Xxxx
4.27 IL 60615 Xxxx
4.28 IL 60615 Xxxx
4.29 IL 60615 Xxxx
4.30 IL 60615 Xxxx
4.31 IL 60615 Xxxx
4.32 IL 60615 Xxxx
4.33 IL 60615 Xxxx
4.34 IL 60637 Xxxx
4.35 IL 60637 Xxxx
4.36 IL 60615 Xxxx
4.37 IL 60615 Xxxx
4.38 IL 60615 Xxxx
4.39 IL 60615 Xxxx
4.40 IL 60615 Xxxx
4.41 IL 60615 Xxxx
4.42 IL 60615 Xxxx
4.43 IL 60615 Xxxx
---------------------------------------------------------------------------------------------------------------------------------
5 NC 27601 Wake 120,300,000.00 No 5.5700% 0.0400%
---------------------------------------------------------------------------------------------------------------------------------
6 HI 96814 Honolulu 100,000,000.00 No 5.6028% 0.0200%
6.1 HI 96814 Honolulu
6.2 HI 96814 Honolulu
6.3 HI 96814 Honolulu
6.4 HI 96814 Honolulu
---------------------------------------------------------------------------------------------------------------------------------
12 IL 60610 Xxxx 66,250,000.00 No 5.6800% 0.0300%
17 VA 00000 Xxxxxxx 56,000,000.00 No 5.7600% 0.0500%
---------------------------------------------------------------------------------------------------------------------------------
18 Various Various Various 49,000,000.00 No 5.7200% 0.0200%
18.1 CA 90638 Los Angeles
18.2 XX 00000 King
18.3 CA 90040 Los Angeles
18.4 XX 00000 King
---------------------------------------------------------------------------------------------------------------------------------
19 VA 20170 Fairfax 47,500,000.00 No 5.7600% 0.0500%
22 OR 97006 Washington 40,000,000.00 No 6.2000% 0.0400%
23 MA 02072 Norfolk 37,600,000.00 No 5.5700% 0.0400%
---------------------------------------------------------------------------------------------------------------------------------
00 XX 00000 Los Angeles 37,220,000.00 No 5.4200% 0.0200%
25.1 CA 90058 Los Angeles
25.2 XX 00000 Los Angeles
25.3 XX 00000 Los Angeles
---------------------------------------------------------------------------------------------------------------------------------
26 Various Various Various 37,000,000.00 No 5.8700% 0.0200%
26.1 SC 29611 Greenville
26.2 SC 00000 Xxxxxxxxxxx
00.0 XX 00000 Xxxxx
26.4 SC 00000 Xxxxxxxxxxx
00.0 XX 00000 York
26.6 SC 00000 Xxxxxxxxxxx
00.0 XX 00000 Sumter
---------------------------------------------------------------------------------------------------------------------------------
28 OR Various Various 35,000,000.00 No 5.7200% 0.0200%
28.1 OR 00000 Xxxxxxxxx
00.0 XX 00000 Clackamas
28.3 OR 97015 Clackamas
28.4 OR 97070 Washington
---------------------------------------------------------------------------------------------------------------------------------
30 TN Various Various 32,450,000.00 No 5.5200% 0.0200%
30.1 TN 00000 Xxxxxxxx
00.0 XX 00000 Shelby
30.3 TN 38118 Shelby
30.4 TN 38118 Shelby
30.5 TN 38118 Shelby
30.6 TN 38118 Shelby
30.7 TN 38118 Shelby
30.8 TN 38118 Shelby
30.9 TN 38118 Shelby
30.10 TN 38118 Shelby
30.11 TN 37406 Xxxxxxxx
00.00 XX 00000 Shelby
30.13 TN 38118 Shelby
30.14 TN 38118 Shelby
30.15 TN 38118 Shelby
30.16 TN 38118 Shelby
30.17 TN 38118 Shelby
30.18 TN 38118 Shelby
30.19 TN 38118 Shelby
30.20 TN 38118 Shelby
---------------------------------------------------------------------------------------------------------------------------------
33 XX 00000 Los Angeles 29,000,000.00 No 5.5000% 0.0200%
00 XX 00000 Xxxxx 22,700,000.00 No 5.6200% 0.0400%
---------------------------------------------------------------------------------------------------------------------------------
44 IL Various Various 21,000,000.00 No 5.6100% 0.0200%
44.1 IL 00000 Xxxx
00.0 XX 00000 DuPage
44.3 IL 60459 Xxxx
---------------------------------------------------------------------------------------------------------------------------------
48 XX 00000 Contra Costa 20,200,000.00 No 5.7000% 0.0200%
50 IL 60517 DuPage 20,000,000.00 No 6.4600% 0.0200%
53 PA 16509 Erie 19,200,000.00 No 5.9800% 0.0200%
---------------------------------------------------------------------------------------------------------------------------------
57 TN 38115 Shelby 17,300,000.00 No 6.1000% 0.0400%
57.1 TN 38115 Shelby
57.2 TN 38115 Shelby
---------------------------------------------------------------------------------------------------------------------------------
67 XX 00000 Hennepin 15,968,805.45 No 5.7100% 0.0200%
70 MD 21090 Xxxx Arundel 15,200,000.00 No 5.6800% 0.0700%
00 XX 00000 Placer 15,100,000.00 No 5.4500% 0.0200%
75 PA 17055 Cumberland 14,300,000.00 No 5.5300% 0.0200%
00 XX 00000 Shasta 14,200,000.00 No 5.9400% 0.0200%
79 FL 33140 Miami-Dade 14,000,000.00 No 5.5500% 0.0200%
80 AR 72211 Pulaski 13,650,000.00 No 5.8000% 0.0200%
84 AZ 85029 Maricopa 13,300,000.00 No 5.5300% 0.0200%
86 FL 33458 Palm Beach 13,176,000.00 No 5.8800% 0.0700%
00 XX 00000 Riverside 12,700,000.00 No 6.1500% 0.0200%
93 NC 27330 Xxx 12,080,000.00 No 5.7900% 0.0200%
95 TN 38115 Shelby 12,000,000.00 No 5.8820% 0.0400%
97 XX 00000 Xxxxx 11,600,000.00 No 5.7100% 0.0200%
000 XX 00000 Hillsborough 10,800,000.00 No 5.4800% 0.0700%
000 XX 00000 Suffolk 10,000,000.00 No 5.4600% 0.0700%
000 XX 00000 Orange 10,000,000.00 No 5.5500% 0.0200%
000 XX 00000 Sonoma 10,000,000.00 No 5.6200% 0.0200%
116 ME 04106 Cumberland 10,000,000.00 No 5.6700% 0.0200%
133 IN 46260 Xxxxxx 9,000,000.00 No 5.6400% 0.0700%
000 XX 00000 Pinellas 8,750,000.00 No 5.8000% 0.0200%
136 MI 00000 Xxxxxx 8,600,000.00 No 5.8000% 0.0200%
000 XX 00000 Xxxxxx 8,500,000.00 No 5.7400% 0.0200%
141 OH 43035 Delaware 8,389,593.00 No 5.0200% 0.0200%
156 OH 44125 Cuyahoga 7,920,000.00 No 5.7500% 0.0700%
000 XX 00000 Fresno 7,900,000.00 No 5.6600% 0.0200%
000 XX 00000 Xxxx 7,400,000.00 No 5.5600% 0.0600%
000 XX 00000 Ocean 7,000,000.00 No 6.2100% 0.0200%
000 XX 00000 Charleston 6,680,000.00 No 5.9200% 0.0200%
000 XX 00000 San Bernardino 6,650,000.00 No 5.8100% 0.0700%
000 XX 00000 Hillsborough 6,640,000.00 No 6.0000% 0.0200%
000 XX 00000 Milwaukee 6,635,000.00 No 5.8400% 0.0700%
000 XX 00000 District of Columbia 6,000,000.00 No 5.5400% 0.0200%
000 XX 00000 Coconino 5,988,856.40 No 5.9300% 0.1200%
000 XX 00000 Macomb 5,760,000.00 No 5.7900% 0.0700%
000 XX 00000 Xxxx 5,750,000.00 No 5.6700% 0.0200%
000 XX 00000 Dupage 5,650,000.00 No 5.6900% 0.0200%
000 XX 00000 Xxxxxxxx 5,293,914.87 No 5.6900% 0.1000%
000 XX 00000 Jefferson 5,289,711.97 No 5.7300% 0.1000%
000 XX 00000 Broward 5,144,000.00 No 5.7200% 0.0200%
000 XX 00000 Miami-Dade 5,000,000.00 No 5.5300% 0.0200%
000 XX 00000 King 4,986,347.67 No 5.9900% 0.0700%
220 NY 14217 Erie 4,900,000.00 No 6.0500% 0.0200%
221 VA 23435 Suffolk City 4,900,000.00 No 6.4600% 0.1000%
224 NY 14221 Erie 4,700,000.00 No 6.0500% 0.0200%
000 XX 00000 Mecklenburg 4,591,207.09 No 5.8000% 0.1000%
232 IN 47712 Vanderburgh 4,400,000.00 No 5.6900% 0.0200%
000 XX 00000 Xxxxxxxx 4,395,611.39 No 5.9900% 0.0200%
---------------------------------------------------------------------------------------------------------------------------------
234 NY Various Various 4,292,207.64 No 6.0400% 0.0200%
234.1 XX 00000 Erie
234.2 NY 14092 Niagara
234.3 NY 14216 Erie
---------------------------------------------------------------------------------------------------------------------------------
236 VA 20191 Fairfax 4,200,000.00 No 5.5000% 0.0200%
000 XX 00000 San Bernardino 4,100,000.00 No 5.7100% 0.0200%
000 XX 00000 Rowan 4,020,923.62 No 5.9100% 0.1000%
000 XX 00000 Will 3,989,228.66 No 6.0700% 0.0200%
000 XX 00000 Charleston 3,892,610.65 No 5.8400% 0.1000%
---------------------------------------------------------------------------------------------------------------------------------
245 VA 23602 Newport News City 2,313,185.26 Yes 5.8300% 0.1200%
246 VA 23503 Norfolk City 1,395,887.64 Yes 5.8300% 0.1200%
---------------------------------------------------------------------------------------------------------------------------------
000 XX 00000 Middlesex 3,700,000.00 No 5.7200% 0.0200%
000 XX 00000 Greenwood 3,664,022.34 No 5.6900% 0.0500%
000 XX 00000 New Hanover 3,520,000.00 No 5.6700% 0.0200%
000 XX 00000 Xxxxxxxx 3,513,649.73 No 6.0600% 0.1000%
256 KY 40065 Shelby 3,493,324.47 No 5.8100% 0.0200%
000 XX 00000 Tarrant 3,492,919.13 No 5.5400% 0.0200%
000 XX 00000 Volusia 3,400,000.00 No 5.9900% 0.0200%
000 XX 00000 Xxxxxx 3,396,536.85 No 5.8800% 0.1000%
000 XX 00000 Xxxxxx 3,350,617.61 No 5.8600% 0.0700%
264 VA 23704 Portsmouth City 3,246,721.05 No 5.9300% 0.1000%
000 XX 00000 Allegheny 3,184,193.18 No 6.0200% 0.0200%
000 XX 00000 Xxxxxx 3,100,000.00 No 5.9000% 0.0200%
000 XX 00000 Xxxx 3,000,000.00 No 5.7600% 0.0200%
000 XX 00000 Orange 2,800,000.00 No 5.7700% 0.0200%
000 XX 00000 Xxxx 2,795,139.20 No 6.2300% 0.0200%
000 XX 00000 Allegheny 2,550,000.00 No 5.9500% 0.1000%
000 XX 00000 Santa Xxxxx 2,500,000.00 No 5.6000% 0.0700%
000 XX 00000 Manatee 2,495,570.47 No 6.1400% 0.0200%
000 XX 00000 Los Angeles 2,475,000.00 No 6.0600% 0.0700%
000 XX 00000 Pulaski 2,300,000.00 No 5.9000% 0.0200%
000 XX 00000 Kershaw 2,297,670.64 No 5.9100% 0.1450%
000 XX 00000 Broward 2,295,961.58 No 6.1800% 0.0200%
000 XX 00000 Beaver 2,293,455.36 No 5.7500% 0.0200%
000 XX 00000 Xxxxxx 2,147,814.24 No 5.8900% 0.0200%
000 XX 00000 Bullitt 1,980,939.53 No 6.7600% 0.0200%
000 XX 00000 Orange 1,961,526.26 No 6.1500% 0.0200%
000 XX 00000 Portage 1,796,796.29 No 6.1200% 0.0800%
000 XX 00000 Rensselaer 1,792,419.69 No 5.9600% 0.0200%
303 LA 70785 Xxxxxxxxxx 1,718,367.99 No 6.2500% 0.0200%
000 XX 00000 Davidson 1,718,251.39 No 5.8900% 0.0200%
000 XX 00000 Orange 1,648,325.75 No 5.9000% 0.0200%
000 XX 00000 Guilford 1,498,518.13 No 6.0400% 0.0200%
000 XX 00000 Orange 1,497,132.74 No 5.8000% 0.0200%
000 XX 00000 Pitt 1,447,288.95 No 5.9000% 0.1450%
311 MN 56537 Otter Tail 1,447,264.81 No 5.8600% 0.0200%
312 IN 46208 Xxxxxx 1,423,503.72 No 5.7200% 0.0200%
000 XX 00000 Xxxx 1,422,548.68 No 6.2700% 0.0200%
000 XX 00000 Xxxxxx 1,415,000.00 No 5.8700% 0.0200%
000 XX 00000 Ulster 1,400,000.00 No 5.9400% 0.0200%
000 XX 00000 XxXxxxxxx 1,245,818.65 No 6.2000% 0.0200%
000 XX 00000 Allegheny 1,098,015.53 No 6.0600% 0.0200%
000 XX 00000 Volusia 1,082,008.73 No 6.1300% 0.0200%
PERIODIC
PAYMENT ON
ARD ADDITIONAL INTEREST RESERVE STATED FIRST DUE
LOAN LOAN INTEREST RATE MORTGAGE LOAN LOAN GRACE MATURITY DATE AFTER
NUMBER (YES/NO)? ARD AFTER ARD (YES/NO)? TYPE PERIOD DATE CLOSING
----------------------------------------------------------------------------------------------------------------------------------
1 No No Interest Only 0 07/05/17 2,133,833.33
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
1.10
1.11
1.12
1.13
1.14
1.15
1.16
1.17
1.18
1.19
1.20
1.21
1.22
1.23
1.24
1.25
1.26
1.27
1.28
1.29
1.30
1.31
1.32
1.33
1.34
1.35
1.36
1.37
1.38
1.39
1.40
1.41
1.42
1.43
1.44
1.45
1.46
1.47
1.48
1.49
1.50
1.51
1.52
----------------------------------------------------------------------------------------------------------------------------------
4 No No Interest Only 5 04/01/17 626,730.88
4.1
4.2
4.3
4.4
4.5
4.6
4.7
4.8
4.9
4.10
4.11
4.12
4.13
4.14
4.15
4.16
4.17
4.18
4.19
4.20
4.21
4.22
4.23
4.24
4.25
4.26
4.27
4.28
4.29
4.30
4.31
4.32
4.33
4.34
4.35
4.36
4.37
4.38
4.39
4.40
4.41
4.42
4.43
----------------------------------------------------------------------------------------------------------------------------------
5 No No Interest Only 5 02/01/17 577,005.58
----------------------------------------------------------------------------------------------------------------------------------
6 No No Interest Only (Note 1) 09/01/11 482,459.03
6.1
6.2
6.3
6.4
----------------------------------------------------------------------------------------------------------------------------------
12 No No Interest Only 3 06/01/17 324,036.11
17 No No Interest Only 5 06/01/17 277,760.00
----------------------------------------------------------------------------------------------------------------------------------
18 No No Interest Only 5 07/01/12 241,352.22
18.1
18.2
18.3
18.4
----------------------------------------------------------------------------------------------------------------------------------
19 No No Interest Only 5 06/01/17 235,600.00
22 No No Partial IO/Balloon 5 04/01/17 213,555.56
23 No No Interest Only 5 04/01/17 180,344.22
----------------------------------------------------------------------------------------------------------------------------------
25 No No Partial IO/Balloon 5 03/01/17 173,714.01
25.1
25.2
25.3
----------------------------------------------------------------------------------------------------------------------------------
26 No No Partial IO/Balloon 5 06/01/17 187,024.72
26.1
26.2
26.3
26.4
26.5
26.6
26.7
----------------------------------------------------------------------------------------------------------------------------------
28 No No Interest Only 5 07/01/12 172,394.44
28.1
28.2
28.3
28.4
----------------------------------------------------------------------------------------------------------------------------------
30 No No Interest Only 5 06/01/17 154,245.67
30.1
30.2
30.3
30.4
30.5
30.6
30.7
30.8
30.9
30.10
30.11
30.12
30.13
30.14
30.15
30.16
30.17
30.18
30.19
30.20
----------------------------------------------------------------------------------------------------------------------------------
33 No No Partial IO/Balloon 5 05/01/17 137,347.22
42 No No Interest Only 7 05/01/17 109,855.39
----------------------------------------------------------------------------------------------------------------------------------
44 No No Partial IO/Balloon 5 05/01/17 101,447.50
44.1
44.2
44.3
----------------------------------------------------------------------------------------------------------------------------------
48 No No Interest Only 5 06/01/14 99,148.33
50 No No Partial IO/Balloon 5 07/01/17 111,255.56
53 No No Partial IO/Balloon 5 03/01/17 98,869.33
----------------------------------------------------------------------------------------------------------------------------------
57 No No Partial IO/Balloon 5 02/01/17 90,873.06
57.1
57.2
----------------------------------------------------------------------------------------------------------------------------------
67 No No Balloon 5 05/01/17 92,965.49
70 No No Interest Only 5 04/01/17 74,344.89
71 No No Partial IO/Balloon 5 06/01/17 70,865.14
75 No No Partial IO/Balloon 5 05/01/17 68,095.81
76 No No Interest Only 5 04/01/14 72,633.00
79 No No Interest Only 5 06/01/17 66,908.33
80 No No Interest Only 5 05/01/17 68,174.17
84 No No Interest Only 5 05/01/17 63,333.86
86 No No Partial IO/Balloon 5 05/01/17 66,714.48
89 No No Partial IO/Balloon 5 06/01/17 67,257.08
93 No No Interest Only 5 05/01/17 60,228.87
95 No No Partial IO/Balloon 5 02/01/17 60,780.67
97 No No Partial IO/Balloon 5 06/01/17 57,036.56
105 No No Partial IO/Balloon 5 05/01/17 50,964.00
113 No No Interest Only 5 05/01/17 47,016.67
114 No No Interest Only 5 06/01/17 47,791.67
115 No No Partial IO/Balloon 5 05/01/17 48,394.44
116 No No Interest Only 5 06/01/17 48,825.00
133 No No Partial IO/Balloon 5 05/01/17 43,710.00
134 No No Interest Only 5 06/01/14 43,701.39
136 No No Partial IO/Balloon 5 04/01/17 42,952.22
139 No No Partial IO/Balloon 5 05/01/17 42,013.61
141 No No Interest Only 5 05/01/12 36,266.35
156 No No Partial IO/Balloon 5 06/01/17 39,215.00
157 No No Partial IO/Balloon 5 06/01/17 38,503.72
168 No No Interest Only 5 05/01/17 35,429.56
173 No No Partial IO/Balloon 5 06/01/17 37,432.50
178 No No Partial IO/Balloon 5 06/01/17 34,053.16
179 No No Partial IO/Balloon 5 05/01/17 33,270.32
180 No No Partial IO/Balloon 5 05/01/14 34,306.67
181 No No Partial IO/Balloon 5 05/01/17 33,366.68
192 No No Partial IO/Balloon 5 06/01/17 28,623.33
196 No No Balloon 5 05/01/17 35,703.45
201 No No Interest Only 5 06/01/17 28,718.40
202 No No Interest Only 5 05/01/12 28,074.38
203 No No Interest Only 5 05/01/17 27,683.43
210 No No Balloon 5 05/01/17 37,147.89
211 No No Balloon 5 05/01/17 30,862.06
214 No No Partial IO/Balloon 5 05/01/17 25,337.06
218 No No Interest Only 5 05/01/17 23,809.72
219 No No Balloon 5 05/01/17 32,184.51
220 No No Partial IO/Balloon 5 05/01/17 25,527.64
221 No No Partial IO/Balloon 5 04/01/17 27,257.61
224 No No Partial IO/Balloon 5 05/01/17 24,485.69
226 No No Balloon 5 05/01/17 26,990.64
232 No No Partial IO/Balloon 5 05/01/17 21,558.78
233 No No Balloon 5 06/01/17 26,351.94
----------------------------------------------------------------------------------------------------------------------------------
234 No No Balloon 5 05/01/17 25,891.36
234.1
234.2
234.3
----------------------------------------------------------------------------------------------------------------------------------
236 No No Interest Only 7 05/01/14 19,891.67
237 No No Partial IO/Balloon 5 06/01/17 20,159.47
238 No No Balloon 15 06/01/17 23,899.51
240 No No Balloon 5 05/01/17 25,943.49
243 No No Balloon 5 05/01/17 22,982.81
----------------------------------------------------------------------------------------------------------------------------------
245 No No Balloon 5 04/01/17 13,657.02
246 No No Balloon 5 04/01/17 8,241.31
----------------------------------------------------------------------------------------------------------------------------------
247 No No Partial IO/Balloon 5 05/01/17 18,224.56
250 No No Balloon 5 05/01/17 25,710.78
254 No No Partial IO/Balloon 15 06/01/17 17,186.40
255 No No Balloon 7 05/01/17 21,240.15
256 No No Balloon 5 05/01/17 20,558.65
257 No No Balloon 5 05/01/17 19,960.54
259 No No Partial IO/Balloon 5 05/01/17 17,537.39
260 No No Balloon 5 06/01/17 20,123.15
261 No No Balloon 5 05/01/17 21,361.90
264 No No Balloon 7 06/01/17 19,339.37
265 No No Balloon 5 05/01/17 19,166.70
267 No No Partial IO/Balloon 5 04/01/17 15,749.72
269 No No Partial IO/Balloon 5 05/01/17 14,880.00
270 No No Partial IO/Balloon 5 05/01/17 13,912.11
271 No No Balloon 5 05/01/17 17,203.68
274 No No Partial IO/Balloon 5 05/01/17 13,065.21
276 No No Interest Only 5 05/01/17 12,055.56
278 No No Balloon 5 05/01/17 15,214.52
279 No No Partial IO/Balloon 5 05/01/17 12,915.38
285 No No Partial IO/Balloon 5 05/01/17 11,685.28
287 No No Balloon 5 06/01/17 13,656.86
288 No No Balloon 5 05/01/12 14,056.95
289 No No Balloon 5 05/01/17 14,469.45
292 No No Balloon 5 06/01/17 12,738.68
295 No No Fully Amortizing 5 04/01/22 17,709.28
296 No No Balloon 5 05/01/17 11,971.33
301 No No Balloon 5 05/01/17 10,931.17
302 No No Balloon 5 04/01/17 11,553.45
303 No No Balloon 5 06/01/17 10,590.34
304 No No Balloon 5 06/01/17 10,190.94
305 No No Balloon 5 06/01/17 9,786.75
307 No No Balloon 15 06/01/17 9,031.87
308 No No Balloon 5 05/01/17 8,801.30
310 No No Balloon 15 05/01/17 8,600.48
311 No No Balloon 5 05/01/17 8,563.40
312 No No Balloon 5 06/01/17 8,288.78
313 No No Balloon 5 05/01/17 8,792.51
314 No No Partial IO/Balloon 5 05/01/17 7,152.43
315 No No Partial IO/Balloon 5 05/01/17 7,161.00
316 No No Balloon 5 05/01/17 7,643.61
318 No No Balloon 5 05/01/17 6,637.55
319 No No Balloon 5 04/01/17 6,596.08
ORIGINAL REMAINING STATED
TERM TO TERM TO ORIGINAL STATED
LOAN MATURITY / ARD MATURITY / ARD AMORTIZATION REMAINING AMORTIZATION DEFEASANCE
NUMBER (MONTHS) (MONTHS) TERM (MONTHS) TERM (MONTHS) LOAN (YES/NO)?
------------------------------------------------------------------------------------------------------------------------
1 120 120 Interest Only Interest Only No (Note 4)
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
1.10
1.11
1.12
1.13
1.14
1.15
1.16
1.17
1.18
1.19
1.20
1.21
1.22
1.23
1.24
1.25
1.26
1.27
1.28
1.29
1.30
1.31
1.32
1.33
1.34
1.35
1.36
1.37
1.38
1.39
1.40
1.41
1.42
1.43
1.44
1.45
1.46
1.47
1.48
1.49
1.50
1.51
1.52
------------------------------------------------------------------------------------------------------------------------
4 120 117 Interest Only Interest Only Yes
4.1
4.2
4.3
4.4
4.5
4.6
4.7
4.8
4.9
4.10
4.11
4.12
4.13
4.14
4.15
4.16
4.17
4.18
4.19
4.20
4.21
4.22
4.23
4.24
4.25
4.26
4.27
4.28
4.29
4.30
4.31
4.32
4.33
4.34
4.35
4.36
4.37
4.38
4.39
4.40
4.41
4.42
4.43
------------------------------------------------------------------------------------------------------------------------
5 120 115 Interest Only Interest Only Yes (Note 5)
------------------------------------------------------------------------------------------------------------------------
6 60 50 Interest Only Interest Only Yes (Note 6)
6.1
6.2
6.3
6.4
------------------------------------------------------------------------------------------------------------------------
12 120 119 Interest Only Interest Only Yes
17 120 119 Interest Only Interest Only No
------------------------------------------------------------------------------------------------------------------------
18 60 60 Interest Only Interest Only Yes
18.1
18.2
18.3
18.4
------------------------------------------------------------------------------------------------------------------------
19 120 119 Interest Only Interest Only No
22 120 117 360 360 Yes
23 120 117 Interest Only Interest Only Yes
------------------------------------------------------------------------------------------------------------------------
25 120 116 360 360 Yes
25.1
25.2
25.3
------------------------------------------------------------------------------------------------------------------------
26 120 119 360 360 Yes
26.1
26.2
26.3
26.4
26.5
26.6
26.7
------------------------------------------------------------------------------------------------------------------------
28 60 60 Interest Only Interest Only Yes
28.1
28.2
28.3
28.4
------------------------------------------------------------------------------------------------------------------------
30 120 119 Interest Only Interest Only No
30.1
30.2
30.3
30.4
30.5
30.6
30.7
30.8
30.9
30.10
30.11
30.12
30.13
30.14
30.15
30.16
30.17
30.18
30.19
30.20
------------------------------------------------------------------------------------------------------------------------
33 120 118 360 360 Yes
42 120 118 Interest Only Interest Only Yes (Note 2)
------------------------------------------------------------------------------------------------------------------------
44 120 118 360 360 Yes
44.1
44.2
44.3
------------------------------------------------------------------------------------------------------------------------
48 84 83 Interest Only Interest Only Yes
50 120 120 360 360 Yes
53 120 116 300 300 Yes
------------------------------------------------------------------------------------------------------------------------
57 120 115 360 360 Yes
57.1
57.2
------------------------------------------------------------------------------------------------------------------------
67 120 118 360 358 Yes
70 120 117 Interest Only Interest Only No
71 120 119 360 360 Yes
75 120 118 360 360 Yes
76 84 81 Interest Only Interest Only Yes
79 120 119 Interest Only Interest Only Yes
80 120 118 Interest Only Interest Only Yes (Note 2)
84 120 118 Interest Only Interest Only No
86 120 118 360 360 Yes
89 120 119 360 360 Yes
93 120 118 Interest Only Interest Only Yes
95 120 115 360 360 Yes
97 120 119 360 360 No
105 120 118 360 360 Yes
113 120 118 Interest Only Interest Only Yes
114 120 119 Interest Only Interest Only Yes
115 120 118 360 360 Yes
116 120 119 Interest Only Interest Only Yes
133 120 118 360 360 Yes
134 84 83 Interest Only Interest Only Yes
136 120 117 360 360 Yes
139 120 118 360 360 Yes
141 60 58 Interest Only Interest Only No
156 120 119 360 360 No
157 120 119 360 360 Yes
168 120 118 Interest Only Interest Only Yes
173 120 119 360 360 Yes
178 120 119 360 360 Yes
179 120 118 360 360 Yes (Note 2)
180 84 82 360 360 Yes
181 120 118 360 360 Yes
192 120 119 360 360 Yes
196 120 118 360 358 Yes
201 120 119 Interest Only Interest Only No
202 60 58 Interest Only Interest Only Yes
203 120 118 Interest Only Interest Only Yes
210 120 118 240 238 Yes
211 120 118 360 358 No
214 120 118 360 360 Yes
218 120 118 Interest Only Interest Only Yes
219 120 118 300 298 No
220 120 118 300 300 Yes
221 120 117 360 360 Yes
224 120 118 300 300 Yes
226 120 118 360 358 Yes
232 120 118 360 360 Yes
233 120 119 360 359 Yes
------------------------------------------------------------------------------------------------------------------------
234 120 118 360 358 Yes
234.1
234.2
234.3
------------------------------------------------------------------------------------------------------------------------
236 84 82 Interest Only Interest Only No
237 120 119 360 360 Yes
238 120 119 360 359 No
240 120 118 300 298 No
243 120 118 360 358 Yes
------------------------------------------------------------------------------------------------------------------------
245 120 117 360 357 Yes
246 120 117 360 357 Yes
------------------------------------------------------------------------------------------------------------------------
247 120 118 360 360 Yes
250 120 118 240 238 Yes
254 120 119 360 360 Yes
255 120 118 360 358 No
256 120 118 360 358 Yes
257 120 118 360 358 Yes
259 120 118 360 360 Yes
260 120 119 360 359 No
261 120 118 300 298 Yes
264 120 119 360 359 Yes
265 120 118 360 358 No
267 120 117 360 360 Yes
269 120 118 360 360 Yes
270 120 118 360 360 Yes
271 120 118 360 358 Yes
274 120 118 360 360 Yes
276 120 118 Interest Only Interest Only Yes
278 120 118 360 358 Yes
279 120 118 360 360 No
285 120 118 240 240 Yes
287 120 119 360 359 No
288 60 58 360 358 Yes
289 120 118 300 298 Yes
292 120 119 360 359 Yes
295 180 177 180 177 Yes
296 120 118 360 358 No
301 120 118 360 358 Yes
302 120 117 300 297 Yes
303 120 119 360 359 Yes
304 120 119 360 359 Yes
305 120 119 360 359 Yes
307 120 119 360 359 Yes
308 120 118 360 358 Yes
310 120 118 360 358 Yes
311 120 118 360 358 Yes
312 120 119 360 359 Yes
313 120 118 360 358 Yes
314 120 118 360 360 Yes
315 120 118 360 360 Yes
316 120 118 360 358 Yes
318 120 118 360 358 No
319 120 117 360 357 Yes (Note 7)
LOAN BORROWER'S PROPERTY PROPERTY LOCKBOX ESCROWED ANNUAL ESCROWED ANNUAL
NUMBER INTEREST SIZE SIZE TYPE (YES/NO)? REAL ESTATE TAXES INSURANCE
------------------------------------------------------------------------------------------------------------------------------------
1 Fee Simple 7,297,943 SF No No No
1.1 Fee Simple 245,774 SF
1.2 Fee Simple 260,797 SF
1.3 Fee Simple 227,209 SF
1.4 Fee Simple 307,716 SF
1.5 Fee Simple 312,546 SF
1.6 Fee Simple 273,307 SF
1.7 Fee Simple 281,244 SF
1.8 Fee Simple 240,560 SF
1.9 Fee Simple 272,385 SF
1.10 Fee Simple 227,085 SF
1.11 Fee Simple 108,565 SF
1.12 Fee Simple 217,619 SF
1.13 Fee Simple 132,745 SF
1.14 Fee Simple 271,729 SF
1.15 Fee Simple 149,658 SF
1.16 Fee Simple 126,486 SF
1.17 Fee Simple 186,212 SF
1.18 Fee Simple 130,609 SF
1.19 Fee Simple 152,667 SF
1.20 Fee Simple 119,197 SF
1.21 Fee Simple 243,176 SF
1.22 Fee Simple 158,222 SF
1.23 Fee Simple 89,627 SF
1.24 Fee Simple 82,441 SF
1.25 Fee Simple 104,460 SF
1.26 Fee Simple 204,216 SF
1.27 Fee Simple 121,766 SF
1.28 Fee Simple 71,430 SF
1.29 Fee Simple 66,539 SF
1.30 Fee Simple 98,317 SF
1.31 Fee Simple 69,471 SF
1.32 Fee Simple 137,757 SF
1.33 Fee Simple 125,653 SF
1.34 Fee Simple 90,566 SF
1.35 Fee Simple 83,929 SF
1.36 Fee Simple 95,229 SF
1.37 Fee Simple 117,723 SF
1.38 Fee Simple 93,643 SF
1.39 Fee Simple 70,555 SF
1.40 Fee Simple 128,210 SF
1.41 Fee Simple 75,492 SF
1.42 Fee Simple 73,271 SF
1.43 Fee Simple 67,721 SF
1.44 Fee Simple 76,512 SF
1.45 Fee Simple 62,840 SF
1.46 Fee Simple 60,712 SF
1.47 Fee Simple 67,475 SF
1.48 Fee Simple 73,986 SF
1.49 Fee Simple 68,927 SF
1.50 Fee Simple 66,986 SF
1.51 Fee Simple 49,097 SF
1.52 Fee Simple 57,884 SF
------------------------------------------------------------------------------------------------------------------------------------
4 Fee Simple 951 Units No Yes No
4.1 Fee Simple 43 Units
4.2 Fee Simple 31 Units
4.3 Fee Simple 25 Units
4.4 Fee Simple 25 Units
4.5 Fee Simple 22 Units
4.6 Fee Simple 24 Units
4.7 Fee Simple 31 Units
4.8 Fee Simple 45 Units
4.9 Fee Simple 38 Units
4.10 Fee Simple 25 Units
4.11 Fee Simple 22 Units
4.12 Fee Simple 16 Units
4.13 Fee Simple 38 Units
4.14 Fee Simple 21 Units
4.15 Fee Simple 18 Units
4.16 Fee Simple 38 Units
4.17 Fee Simple 31 Units
4.18 Fee Simple 40 Units
4.19 Fee Simple 21 Units
4.20 Fee Simple 19 Units
4.21 Fee Simple 21 Units
4.22 Fee Simple 35 Units
4.23 Fee Simple 19 Units
4.24 Fee Simple 19 Units
4.25 Fee Simple 21 Units
4.26 Fee Simple 41 Units
4.27 Fee Simple 29 Units
4.28 Fee Simple 27 Units
4.29 Fee Simple 6 Units
4.30 Fee Simple 13 Units
4.31 Fee Simple 6 Units
4.32 Fee Simple 6 Units
4.33 Fee Simple 6 Units
4.34 Fee Simple 6 Units
4.35 Fee Simple 6 Units
4.36 Fee Simple 6 Units
4.37 Fee Simple 12 Units
4.38 Fee Simple 12 Units
4.39 Fee Simple 19 Units
4.40 Fee Simple 18 Units
4.41 Fee Simple 18 Units
4.42 Fee Simple 23 Units
4.43 Fee Simple 9 Units
------------------------------------------------------------------------------------------------------------------------------------
5 Fee in Part, Leasehold in Part 559,983 SF Yes Yes Yes
------------------------------------------------------------------------------------------------------------------------------------
6 Fee in Part, Leasehold in Part 1,989,759 SF Yes No No
6.1 Fee Simple 1,606,435 SF
6.2 Fee Simple 199,362 SF
6.3 Fee in Part, Leasehold in Part 169,918 SF
6.4 Fee Simple 14,044 SF
------------------------------------------------------------------------------------------------------------------------------------
12 Fee Simple 1,567,592 SF Yes Yes Yes
17 Fee Simple 203,218 SF Yes Yes Yes
------------------------------------------------------------------------------------------------------------------------------------
18 Fee Simple 1,195,103 SF Yes No No
18.1 Fee Simple 483,156 SF
18.2 Fee Simple 260,620 SF
18.3 Fee Simple 223,027 SF
18.4 Fee Simple 228,300 SF
------------------------------------------------------------------------------------------------------------------------------------
19 Fee Simple 263,137 SF No Yes Yes
22 Fee Simple 386,351 SF Yes Yes Yes
23 Fee Simple 197,000 SF Yes Yes No
------------------------------------------------------------------------------------------------------------------------------------
25 Fee Simple 601,979 SF Yes No No
25.1 Fee Simple 270,467 SF
25.2 Fee Simple 221,512 SF
25.3 Fee Simple 110,000 SF
------------------------------------------------------------------------------------------------------------------------------------
26 Fee Simple 1,032 Units Yes Yes Yes
26.1 Fee Simple 308 Units
26.2 Fee Simple 200 Units
26.3 Fee Simple 128 Units
26.4 Fee Simple 100 Units
26.5 Fee Simple 96 Units
26.6 Fee Simple 100 Units
26.7 Fee Simple 100 Units
------------------------------------------------------------------------------------------------------------------------------------
28 Fee Simple 1,162,857 SF Yes No No
28.1 Fee Simple 407,352 SF
28.2 Fee Simple 348,249 SF
28.3 Fee Simple 280,706 SF
28.4 Fee Simple 126,550 SF
------------------------------------------------------------------------------------------------------------------------------------
30 Fee Simple 2,302,827 SF Yes No No
30.1 Fee Simple 500,000 SF
30.2 Fee Simple 251,685 SF
30.3 Fee Simple 175,275 SF
30.4 Fee Simple 161,350 SF
30.5 Fee Simple 118,320 SF
30.6 Fee Simple 102,400 SF
30.7 Fee Simple 97,716 SF
30.8 Fee Simple 144,000 SF
30.9 Fee Simple 121,345 SF
30.10 Fee Simple 94,500 SF
30.11 Fee Simple 86,072 SF
30.12 Fee Simple 80,000 SF
30.13 Fee Simple 81,639 SF
30.14 Fee Simple 75,000 SF
30.15 Fee Simple 58,560 SF
30.16 Fee Simple 42,000 SF
30.17 Fee Simple 42,000 SF
30.18 Fee Simple 32,400 SF
30.19 Fee Simple 28,380 SF
30.20 Fee Simple 10,185 SF
------------------------------------------------------------------------------------------------------------------------------------
33 Fee Simple 102,889 SF Yes Yes Yes
42 Fee Simple 218,649 SF No Yes Yes
------------------------------------------------------------------------------------------------------------------------------------
44 Fee Simple 87,519 SF Yes Yes Yes
44.1 Fee Simple 52,400 SF
44.2 Fee Simple 17,442 SF
44.3 Fee Simple 17,677 SF
------------------------------------------------------------------------------------------------------------------------------------
48 Fee Simple 111,251 SF No Yes Yes
50 Fee Simple 102,230 SF No Yes Yes
53 Fee Simple 717 Units No Yes Yes
------------------------------------------------------------------------------------------------------------------------------------
57 Fee Simple 193,029 SF No Yes Yes
57.1 Fee Simple 96,755 SF
57.2 Fee Simple 96,274 SF
------------------------------------------------------------------------------------------------------------------------------------
67 Fee Simple 158,764 SF No Yes Yes
70 Fee Simple 83,162 SF No Yes Yes
71 Fee Simple 75,318 SF No No No
75 Fee Simple 106,628 SF No No No
76 Fee Simple 122,091 SF No Yes Yes
79 Fee Simple 253 Rooms No Yes Yes
80 Fee Simple 101,977 SF Yes No No
84 Fee Simple 288 Units No Yes Yes
86 Fee Simple 150,270 SF No Yes Yes
89 Fee Simple 61,505 SF No Yes Yes
93 Fee Simple 205,904 SF No Yes Yes
95 Fee Simple 98,641 SF Yes Yes Yes
97 Fee Simple 58,142 SF No Yes Yes
105 Fee Simple 87,143 SF No Yes Yes
113 Fee Simple 52,810 SF No No No
114 Fee Simple 54,266 SF No No No
115 Fee Simple 56,932 SF No No No
116 Fee Simple 74,688 SF No Yes Yes
133 Fee Simple 34,453 SF No Yes Yes
134 Fee Simple 213 Units No Yes Yes
136 Fee Simple 60,589 SF Yes Yes Yes
139 Fee Simple 38,567 SF No Yes Yes
141 Fee Simple 86,072 SF No No No
156 Fee Simple 296,965 SF No No No
157 Fee Simple 46,533 SF No Yes Yes
168 Fee Simple 64,574 SF No No No
173 Fee Simple 29,862 SF No Yes Yes
178 Fee Simple 42,046 SF No Yes Yes
179 Fee Simple 14,153 SF No Yes Yes
180 Fee Simple 27,555 SF No Yes Yes
181 Fee Simple 128 Units No No No
192 Fee Simple 11,378 SF No No No
196 Fee Simple 98,499 SF No Yes Yes
201 Fee Simple 129,885 SF No No No
202 Fee Simple 40,320 SF No No No
203 Fee Simple 56,551 SF No Yes Yes
210 Fee Simple 72 Rooms No Yes Yes
211 Fee Simple 36,548 SF No Yes Yes
214 Fee Simple 33,752 SF No Yes Yes
218 Fee Simple 145 Rooms No Yes Yes
219 Fee Simple 11,082 SF No No No
220 Fee Simple 144 Units No Yes Yes
221 Fee Simple 45,976 SF No No No
224 Fee Simple 61 Units No Yes Yes
226 Fee Simple 121 Rooms No Yes Yes
232 Fee Simple 110 Rooms No Yes Yes
233 Fee Simple 109 Units No Yes Yes
------------------------------------------------------------------------------------------------------------------------------------
234 Fee Simple 113 Units No Yes Yes
234.1 Fee Simple 49 Units
234.2 Fee Simple 31 Units
234.3 Fee Simple 33 Units
------------------------------------------------------------------------------------------------------------------------------------
236 Fee Simple 44,496 SF No No No
237 Fee Simple 61,978 SF No Yes Yes
238 Fee Simple 13,650 SF No No No
240 Fee Simple 42,415 SF No Yes Yes
243 Leasehold 19,249 SF No Yes Yes
------------------------------------------------------------------------------------------------------------------------------------
245 Fee Simple 61 Units No Yes Yes
246 Fee Simple 48 Units No Yes Yes
------------------------------------------------------------------------------------------------------------------------------------
247 Fee Simple 28,244 SF No Yes Yes
250 Leasehold 74 Rooms No Yes Yes
254 Fee Simple 41,400 SF Yes Yes Yes
255 Fee Simple 16,130 SF No Yes Yes
256 Fee Simple 14,820 SF No No No
257 Fee Simple 187 Units No Yes Yes
259 Fee Simple 140 Units No Yes Yes
260 Fee Simple 16,800 SF No Yes Yes
261 Fee Simple 64 Rooms No Yes Yes
264 Fee Simple 96 Units No Yes Yes
265 Fee Simple 170 Units No No No
267 Fee Simple 48,965 SF No Yes Yes
269 Fee Simple 36 Units No Yes No
270 Fee Simple 14,863 SF No No No
271 Fee Simple 65,630 SF No Yes Yes
274 Fee Simple 5,547 SF No Yes Yes
276 Fee Simple 9,226 SF No No No
278 Fee Simple 102 Units No Yes Yes
279 Fee Simple 6,070 SF No Yes Yes
285 Fee Simple 32,100 SF No No No
287 Fee Simple 22,670 SF No No No
288 Fee Simple 114 Units No Yes Yes
289 Fee Simple 55,000 SF No Yes Yes
292 Fee Simple 185 Units No Yes Yes
295 Fee Simple 64 Rooms No No No
296 Fee Simple 20,500 SF No Yes Yes
301 Fee Simple 94 Units No Yes Yes
302 Fee Simple 35,190 SF Yes Yes (LOC) Yes (LOC)
303 Fee Simple 41,577 SF No Yes Yes
304 Fee Simple 83 Units No Yes Yes
305 Fee Simple 42,400 SF No Yes Yes
307 Fee Simple 37,924 SF No No No
308 Fee Simple 3,200 SF No Yes Yes
310 Fee Simple 119 Units No Yes Yes
311 Fee Simple 29 Units No Yes Yes
312 Fee Simple 88 Units No Yes Yes
313 Fee Simple 37,065 SF No Yes Yes
314 Fee Simple 26,720 SF No No No
315 Fee Simple 35,600 SF No No No
316 Fee Simple 9,573 SF No Yes Yes
318 Fee Simple 114 Units No No No
319 Fee Simple 3,674 SF No No No
ESCROWED ESCROWED ESCROWED ESCROWED
REPLACEMENT REPLACEMENT TI/LC RESERVES TI/LC RESERVES
LOAN RESERVES INITIAL RESERVES CURRENT INITIAL CURRENT
NUMBER DEPOSIT ANNUAL DEPOSIT DEPOSIT ANNUAL DEPOSIT
------------------------------------------------------------------------------------------------------
1 0 0 0 0
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
1.10
1.11
1.12
1.13
1.14
1.15
1.16
1.17
1.18
1.19
1.20
1.21
1.22
1.23
1.24
1.25
1.26
1.27
1.28
1.29
1.30
1.31
1.32
1.33
1.34
1.35
1.36
1.37
1.38
1.39
1.40
1.41
1.42
1.43
1.44
1.45
1.46
1.47
1.48
1.49
1.50
1.51
1.52
------------------------------------------------------------------------------------------------------
4 26,560,000 237,750 NAP NAP
4.1
4.2
4.3
4.4
4.5
4.6
4.7
4.8
4.9
4.10
4.11
4.12
4.13
4.14
4.15
4.16
4.17
4.18
4.19
4.20
4.21
4.22
4.23
4.24
4.25
4.26
4.27
4.28
4.29
4.30
4.31
4.32
4.33
4.34
4.35
4.36
4.37
4.38
4.39
4.40
4.41
4.42
4.43
------------------------------------------------------------------------------------------------------
5 0 112,682 2,000,000 563,412
------------------------------------------------------------------------------------------------------
6 0 0 0 0
6.1
6.2
6.3
6.4
------------------------------------------------------------------------------------------------------
12 0 0 14,000,000 1,173,444
17 0 0 0 0
------------------------------------------------------------------------------------------------------
18 0 0 0 0
18.1
18.2
18.3
18.4
------------------------------------------------------------------------------------------------------
19 0 0 0 0
22 0 77,266 3,000,000 301,337
23 1,000,000 0 0 0
------------------------------------------------------------------------------------------------------
25 0 0 0 0
25.1
25.2
25.3
------------------------------------------------------------------------------------------------------
26 287,919 258,000 NAP NAP
26.1
26.2
26.3
26.4
26.5
26.6
26.7
------------------------------------------------------------------------------------------------------
28 0 0 0 0
28.1
28.2
28.3
28.4
------------------------------------------------------------------------------------------------------
30 0 0 0 0
30.1
30.2
30.3
30.4
30.5
30.6
30.7
30.8
30.9
30.10
30.11
30.12
30.13
30.14
30.15
30.16
30.17
30.18
30.19
30.20
------------------------------------------------------------------------------------------------------
33 0 20,665 0 103,327
42 0 0 2,200,000 0
------------------------------------------------------------------------------------------------------
44 150,000 13,093 0 65,465
44.1
44.2
44.3
------------------------------------------------------------------------------------------------------
48 0 18,913 0 33,312
50 0 20,446 5,000,000 (LOC) 0
53 481,250 186,250 NAP NAP
------------------------------------------------------------------------------------------------------
57 0 0 2,500,000 0
57.1
57.2
------------------------------------------------------------------------------------------------------
67 0 29,767 0 148,305
70 0 16,632 0 0
71 0 7,500 0 0
75 0 0 0 0
76 0 18,314 0 48,836
79 0 342,308 NAP NAP
80 0 0 0 0
84 0 57,600 NAP NAP
86 0 22,541 0 80,050
89 0 12,301 0 61,505
93 84,375 30,886 0 65,123
95 0 19,728 0 0
97 0 8,721 0 46,514
105 0 15,686 0 39,846
113 0 0 0 0
114 0 0 0 0
115 0 0 0 0
116 0 11,203 0 0
133 0 6,891 0 21,743
134 0 5,325 NAP NAP
136 0 0 0 0
139 0 0 0 0
141 0 0 0 0
156 0 29,697 445,500 (LOC) 0
157 0 2,991 0 39,474
168 0 0 0 0
173 0 5,972 0 0
178 0 0 0 6,307
179 0 2,130 0 16,875
180 0 0 0 0
181 0 32,000 NAP NAP
192 0 0 0 0
196 0 0 0 0
201 0 0 0 0
202 0 0 0 0
203 0 0 0 0
210 0 64,908 NAP NAP
211 0 5,482 0 29,250
214 0 6,750 0 33,645
218 0 170,474 NAP NAP
219 0 0 0 0
220 0 36,000 NAP NAP
221 0 9,195 0 34,948
224 60,000 15,240 NAP NAP
226 0 76,459 NAP NAP
232 0 76,292 NAP NAP
233 0 27,250 NAP NAP
------------------------------------------------------------------------------------------------------
234 0 28,250 NAP NAP
234.1
234.2
234.3
------------------------------------------------------------------------------------------------------
236 0 0 0 0
237 0 9,300 0 27,900
238 0 0 0 0
240 0 0 0 0
243 0 0 0 16,047
------------------------------------------------------------------------------------------------------
245 0 15,250 NAP NAP
246 0 12,000 NAP NAP
------------------------------------------------------------------------------------------------------
247 0 4,237 0 19,808
250 0 76,201 NAP NAP
254 0 6,210 0 18,446
255 0 2,425 0 11,766
256 0 0 0 0
257 0 56,100 NAP NAP
259 0 0 NAP NAP
260 0 2,520 25,945 0
261 0 56,924 NAP NAP
264 0 24,000 NAP NAP
265 0 8,500 NAP NAP
267 0 8,324 NAP NAP
269 0 9,000 NAP NAP
270 0 0 0 0
271 0 7,163 NAP NAP
274 0 827 0 0
276 0 0 0 0
278 0 5,150 NAP NAP
279 0 911 0 6,070
285 0 0 0 0
287 0 0 0 0
288 0 0 NAP NAP
289 0 8,250 0 0
292 0 9,600 NAP NAP
295 0 0 NAP NAP
296 0 2,050 0 10,102
301 0 4,700 NAP NAP
302 26,395 (LOC) 0 71,135 (LOC) 0
303 0 6,518 NAP NAP
304 0 4,150 NAP NAP
305 0 6,360 NAP NAP
307 0 0 0 0
308 0 0 0 0
310 0 5,950 NAP NAP
311 0 0 NAP NAP
312 0 0 NAP NAP
313 0 5,458 NAP NAP
314 0 0 0 0
315 0 0 0 0
316 0 1,436 0 7,306
318 0 5,700 NAP NAP
319 0 0 0 1,837
INITIAL INITIAL
LOAN DEFERRED MAINTEN- ENVIRON-MENTAL HOLDBACK ENVIRONMENTAL
NUMBER ANCE DEPOSIT DEPOSIT AMOUNT LOC INSURANCE POLICY
-------------------------------------------------------------------------------------------------------
1 0 0
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
1.10
1.11
1.12
1.13
1.14
1.15
1.16
1.17
1.18
1.19
1.20
1.21
1.22
1.23
1.24
1.25
1.26
1.27
1.28
1.29
1.30
1.31
1.32
1.33
1.34
1.35
1.36
1.37
1.38
1.39
1.40
1.41
1.42
1.43
1.44
1.45
1.46
1.47
1.48
1.49
1.50
1.51
1.52
-------------------------------------------------------------------------------------------------------
4 0 0
4.1
4.2
4.3
4.4
4.5
4.6
4.7
4.8
4.9
4.10
4.11
4.12
4.13
4.14
4.15
4.16
4.17
4.18
4.19
4.20
4.21
4.22
4.23
4.24
4.25
4.26
4.27
4.28
4.29
4.30
4.31
4.32
4.33
4.34
4.35
4.36
4.37
4.38
4.39
4.40
4.41
4.42
4.43
-------------------------------------------------------------------------------------------------------
5 0 0
-------------------------------------------------------------------------------------------------------
6 0 0
6.1
6.2
6.3
6.4
-------------------------------------------------------------------------------------------------------
12 0 0
17 218,609 0 268,800
-------------------------------------------------------------------------------------------------------
18 0 0
18.1
18.2
18.3
18.4
-------------------------------------------------------------------------------------------------------
19 784,235 0 228,000
22 0 0
23 0 0
-------------------------------------------------------------------------------------------------------
25 19,425 0
25.1
25.2
25.3
-------------------------------------------------------------------------------------------------------
26 212,081 0
26.1
26.2
26.3
26.4
26.5
26.6
26.7
-------------------------------------------------------------------------------------------------------
28 0
28.1
28.2
28.3
28.4
-------------------------------------------------------------------------------------------------------
30 0 0
30.1
30.2
30.3
30.4
30.5
30.6
30.7
30.8
30.9
30.10
30.11
30.12
30.13
30.14
30.15
30.16
30.17
30.18
30.19
30.20
-------------------------------------------------------------------------------------------------------
33 0 0
42 0
-------------------------------------------------------------------------------------------------------
44 57,184 0 136,488
44.1
44.2
44.3
-------------------------------------------------------------------------------------------------------
48 0 0
50 0 0
53 18,750 0
-------------------------------------------------------------------------------------------------------
57 0 0
57.1
57.2
-------------------------------------------------------------------------------------------------------
67 0 0
70 0 0
71 0 0
75 0 0
76 0 0
79 181,250 0
80 0 0
84 0 0
86 0 0
89 0 0 700,000
93 3,750 0
95 0 0
97 0 0
105 6,250 0
113 0 0
114 0 0
115 0 0
116 0 0 115,365
133 0 0
134 0 0
136 0 0
139 22,500 0
141 0 0
156
157 0 0
168 0 0
173 0 0
178 0 0
179 0 0
180 0 0
181 24,800 0
192 0 0
196 0 0
201 0
202 0 0
203 12,545 0 106,667
210 0 0
211 0 0
214 0 0
218 287,500 0
219 0 0
220 77,150 0
221 0 0
224 33,000 0
226 0 0
232 0 0
233 0 0
-------------------------------------------------------------------------------------------------------
234 0 0
234.1
234.2
234.3
-------------------------------------------------------------------------------------------------------
236 0 0
237 0 0
238 0 0
240 0 0
243 0 0
-------------------------------------------------------------------------------------------------------
245 0 0
246 0 0
-------------------------------------------------------------------------------------------------------
247 0 4,375
250 0 0
254 0 0
255 0 0
256 0 0
257 0 0
259 0 0
260 0 0
261 0
264 0 0
265 0 0
267 0 0
269 0 0
270 0 0
271 0 0
274 0 0
276 0 0
278 0 0
279 0 0
285 0 0
287 0 0
288 0 0
289 0 0
292 0 0
295 0 0
296 0 0
301 0 0
302 0
303 34,813 0
304 0 0
305 0 0
307 24,500 0
308 0 0
310 0 0
311 0 0
312 0 0
313 0 0
314 0 0
315 0 0
316 0 0
318 3,125 0
319 0 0
