J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., Depositor MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, Master Servicer CWCAPITAL ASSET MANAGEMENT LLC, Special Servicer WELLS FARGO BANK, NATIONAL ASSOCIATION, as...Pooling and Servicing Agreement • May 14th, 2013 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-Lc11 • Asset-backed securities • New York
This Pooling and Servicing Agreement is dated and effective as of May 1, 2013, among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, CWCapital Asset Management LLC, as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator, Wells Fargo Bank, National Association, as Trustee, and Pentalpha Surveillance LLC, as Senior Trust Advisor.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and LADDER CAPITAL FINANCE LLC, SELLER and LADDER CAPITAL FINANCE HOLDINGS LLLP MORTGAGE LOAN PURCHASE AGREEMENT Dated as of May 14 2013 Fixed Rate Mortgage Loans Series 2013-LC11Mortgage Loan Purchase Agreement • May 14th, 2013 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-Lc11 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Loan Number as Identified on Exhibit A Description of Exception stated maturity date to the monthly payment date occurring 2 months prior to the stated maturity date. 7 All Mortgage Loans transferred by LCF The assignments of Mortgages and the assignments of Assignments of Leases, Rents and Profits are from the most recent mortgagee of record, which may not be the Mortgage Loan Seller (or, if there was no such assignee of record, from the originator). 7 One Northwestern Plaza (Loan No. 25) The related mortgage instrument encumbers separate fee and leasehold interests in the related Mortgaged Property, and the ground lessor holds a right of first refusal to purchase the leasehold estate. 7 Portofino Hotel and Yacht Club (Loan No. 19) The ground lessor holds a right of first offer to purchase the related borrower’s leasehold estate (subject to certain exceptions involving a transfer to the lender in connection with a foreclosure or deed in li
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of May 14, 2013 Fixed Rate Mortgage Loans Series 2013-LC11Mortgage Loan Purchase Agreement • May 14th, 2013 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-Lc11 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Loan Number as Identified on Exhibit A Description of Exception in the related Mortgage File. 9 Westmoor Place (Loan No. 10) (Junior Liens) – Future mezzanine debt is permitted in connection with the sale of the Mortgaged Property to a third party in accordance with the related Mortgage Loan documents, provided that certain conditions are satisfied, which conditions include the following: (i) a combined maximum LTV Ratio of not greater than 75%; (ii) a combined minimum DSCR of at least 1.35x; and (iii) the execution of an intercreditor agreement satisfactory to the lender. 9 Tysons Commerce Center (Loan No. 13) (Junior Liens) – Future mezzanine debt is permitted in connection with the sale of the Mortgaged Property to a third party provided that certain conditions are satisfied, which conditions include the following: (i) a combined maximum LTV Ratio of not greater than 75%; (ii) a combined minimum DSCR of at least 1.35x; and (iii) the execution
