approximate) J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST Commercial Mortgage Pass-Through Certificates, Series 2013-C13 Class A-1, Class A-2, Class A-3, Class A-4, Class A-SB, Class X-A, Class A-S, Class B & Class C Underwriting AgreementUnderwriting Agreement • July 11th, 2013 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C13 • Asset-backed securities • New York
capacity, the “Trustee”) and as certificate administrator (in such capacity, the “Certificate Administrator”) and Pentalpha Surveillance LLC, as senior trust advisor (the “Senior Trust Advisor”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement as in effect on the Closing Date (as defined below).
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Pooling and Servicing Agreement • July 11th, 2013 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C13 • Asset-backed securities • New York
This Pooling and Servicing Agreement is dated and effective as of July 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, Berkadia Commercial Mortgage 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 GENERAL ELECTRIC CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of July 17, 2013 Fixed Rate Mortgage Loans Series 2013-C13Mortgage Loan Purchase Agreement • July 11th, 2013 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C13 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception the restoration of the Project, which includes landscaping, repairs to fences and walls and movement of sheds. Borrower and ODOT are in settlement discussions concerning the award amount. ODOT’s Taking and Damage Report estimated the damage at $37,000. 15 Romaine Village (Loan No. 34) (Actions Concerning Mortgage Loan) – Oregon Department of Transportation (ODOT) has proposed construction of a road along the mortgaged property’s northern border that would result in a 0.20 acre taking and relocation or reduction of 7 pad sites. The Loan Agreement provides that the Borrower may receive the award, but is required to apply the proceeds to the restoration of the Project, which includes landscaping, repairs to fences and walls and movement of sheds. Borrower and ODOT are in settlement discussions concerning the award amount. ODOT’s Taking and Damage Report estimated the damage at $37,000. 26
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • July 11th, 2013 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C13 • Asset-backed securities • New York
there is no separate carveout specific to security deposits not being delivered to lender upon foreclosure or action in lieu thereof. 28 94 Hundred Shea (Loan No. 25) (Recourse Obligations) - There is a carveout for misapplication or misappropriation of security deposits, but there is no separate carveout specific to security deposits not being delivered to lender upon foreclosure or action in lieu thereof. 28 Plantation Storage Portfolio (Loan No. 31) (Recourse Obligations) - There is a carveout for misapplication or misappropriation of security deposits, but there is no separate carveout specific to security deposits not being delivered to lender upon foreclosure or action in lieu thereof. 28 Wedgewood Lofts Apartments (Loan No. 41) (Recourse Obligations) - There is a carveout for misapplication or misappropriation of security deposits, but there is no separate carveout specific to security deposits not being delivered to lender upon foreclosure or action in lieu thereof. 29 94
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of July 17, 2013 Fixed Rate Mortgage Loans Series 2013-C13Mortgage Loan Purchase Agreement • July 11th, 2013 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C13 • Asset-backed securities • New York
percent (25%) shall be provided by insurance companies having a rating of “BBB” or better by S&P (and the equivalent ratings by Fitch Ratings, Inc. and Moody’s). If more than five (5) insurance companies issue the policies, then the ratings by Fitch Ratings, Inc. and Moody’s, as applicable, will not be required. The related Mortgage Loan documents approve Ironshore Specialty Insurance Company as a permitted insurer for so long as the ratings of such insurer are not withdrawn or downgraded below “Baa1” by Moody’s. 18 589 Fifth Avenue (Loan No. 3) (Insurance) – The related Mortgagor may maintain property all-risk insurance with a deductible that does not exceed $100,000 for all such coverage. The amount of this deductible may be considered higher than customary. 18 SanTan Village (Loan No. 5) (Insurance) – The related Mortgagor may maintain property all-risk insurance with deductibles that do not exceed (i) five percent (5%) of the insured value for windstorm and flood coverage (and with
