Common Contracts
3 similar Mortgage Loan Purchase Agreement contracts by JPMBB Commercial Mortgage Securities Trust 2013-C12, CSAIL 2015-C4 Commercial Mortgage Trust
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., PURCHASER and BENEFIT STREET PARTNERS CRE FINANCE LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 1, 2015 Series 2015-C4Mortgage Loan Purchase Agreement • November 25th, 2015 • CSAIL 2015-C4 Commercial Mortgage Trust • Asset-backed securities • New York
and the same use and occupancy continued or resumed, provided that such restoration is started within a period of one year and is diligently prosecuted to completion. However, any lot whose buildings are destroyed beyond 90% of their total value, may not be restored to its original use and the land use by such buildings must thereafter be used in conformance with the district regulations. The loan agreement provides that the borrower remains liable for losses following a casualty, for the inability to restore or replace the buildings, structures, fixtures, additions or improvements on the property (including the mobile or manufactured home pads and the mobile or manufactured homes placed thereon) to the same condition and character (including the same number of such pads and the same size (i.e., single wide or double wide) for each specific pad site) as immediately prior to the casualty due to the failure of the property to be in compliance with legal requirements.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • June 25th, 2013 • JPMBB Commercial Mortgage Securities Trust 2013-C12 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception balance of $1,000,000 subject to, among other things: (i) the Member Loans are non-recourse to borrower and any of its assets, and amounts due under the Member Loans are payable only from excess cash flow after the payments required pursuant to the Mortgage Loan documents, (ii) execution of subordination and standstill agreements, and (iii) no outstanding mezzanine loan. 12 Chelsmore Multifamily Portfolio (Loan No. 16) (Condition of Property) – Certain parts of the 251 West 15th Street Mortgaged Property sustained physical damage in connection with a fire. The estimated remaining cost of repairs is $88,000, which is fully covered by insurance. The borrower expects the repairs to be completed by approximately July 1, 2013. 18 Safeway at Conifer Town Center (Loan No. 40) (Insurance) – The lender has agreed to accept Safeway’s existing property insurance, which has a deductible of $5,000,
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • June 21st, 2013 • JPMBB Commercial Mortgage Securities Trust 2013-C12 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception balance of $1,000,000 subject to, among other things: (i) the Member Loans are non-recourse to borrower and any of its assets, and amounts due under the Member Loans are payable only from excess cash flow after the payments required pursuant to the Mortgage Loan documents, (ii) execution of subordination and standstill agreements, and (iii) no outstanding mezzanine loan. 12 Chelsmore Multifamily Portfolio (Loan No. 16) (Condition of Property) – Certain parts of the 251 West 15th Street Mortgaged Property sustained physical damage in connection with a fire. The estimated remaining cost of repairs is $88,000, which is fully covered by insurance. The borrower expects the repairs to be completed by approximately July 1, 2013. 18 Safeway at Conifer Town Center (Loan No. 40) (Insurance) – The lender has agreed to accept Safeway’s existing property insurance, which has a deductible of $5,000,
