J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • September 30th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C23 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception condemnation awards or insurance proceeds is not a carveout. Misappropriation or misapplication of such amounts is a loss carveout. The full recourse carveout for involuntary bankruptcy filings excludes filings at the request of the lender or any servicer. The obligations and liabilities of the related Mortgagor with respect to environmental issues will terminate and be of no further force and effect upon the payment or defeasance in full of the related Mortgage Loan if the indemnitee receives a satisfactory environmental report dated no earlier than the date the related Mortgage Loan is paid or defeased in full. The updated environmental report will be deemed to be satisfactory if such update environmental report indicates no change in any material respect from the environmental assessment obtained at origination of the Mortgage Loan. 30 Grapevine Mills (Loan No. 4) (Financial Report
approximate) JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST Commercial Mortgage Pass-Through Certificates, Series 2014-C23 Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class X-A, Class X-B, Class A-S, Class B, Class C and Class EC...Underwriting Agreement • September 30th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C23 • Asset-backed securities • New York
date that would have otherwise been the related due date in September 2014. The Certificates will be issued pursuant to the provisions of a pooling and servicing agreement to be dated as of September 1, 2014 (the “Pooling and Servicing Agreement”), among the Depositor, Wells Fargo Bank, National Association, as master servicer (the “Master Servicer”), CWCapital Asset Management LLC, as special servicer (the “Special Servicer”), Wells Fargo Bank, National Association, as certificate administrator (the “Certificate Administrator”), Wilmington Trust, National Association, as trustee (the “Trustee”), 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., as Depositor WELLS FARGO BANK, NATIONAL ASSOCIATION, as Master Servicer LNR PARTNERS, LLC, as Special Servicer WELLS FARGO BANK, NATIONAL ASSOCIATION, as Certificate Administrator WILMINGTON...Pooling and Servicing Agreement • September 30th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C23 • Asset-backed securities • New York
This Pooling and Servicing Agreement is dated and effective as of August 1, 2014, among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, LNR Partners, LLC, as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Pentalpha Surveillance LLC, as Senior Trust Advisor.
WELLS FARGO COMMERCIAL MORTGAGE SECURITIES, INC., as Depositor,Pooling and Servicing Agreement • September 30th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C23 • Asset-backed securities • New York
This Pooling and Servicing Agreement (this “Agreement”), is dated and effective as of September 1, 2014, among WELLS FARGO COMMERCIAL MORTGAGE SECURITIES, INC., as Depositor, WELLS FARGO BANK, NATIONAL ASSOCIATION, as General Master Servicer, CWCAPITAL ASSET MANAGEMENT LLC, as General Special Servicer, NCB, FSB, as NCB Master Servicer, NCB, FSB, as NCB Special Servicer, PENTALPHA SURVEILLANCE LLC, as Trust Advisor, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Certificate Administrator, as Tax Administrator and as Custodian, and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GENERAL ELECTRIC CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 30, 2014 Fixed Rate Mortgage Loans Series 2014-C23Mortgage Loan Purchase Agreement • September 30th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C23 • Asset-backed securities • New York
recognized environmental condition. It further recommended digging test pits within the debris-filled area to observe the types of buried material, and, depending on the material observed, obtaining samples from the irrigation well on the adjacent parcel and conducting a methane gas survey. To mitigate risks of contamination from the debris pit’s leachate, the borrower or its affiliate is required to plug the irrigation well within 120 days of the August 22, 2014 loan closing. The Mortgaged Property is served by public water and sewer. In lieu of further monitoring or corrective action, the loan documents include personal liability to borrower and guarantor for losses related to the previously owned property. As of December 31, 2013, the guarantor’s stated net worth was in excess of $140 million. For the avoidance of doubt, and for purposes of risk allocation, the Mortgage Loan Seller acknowledges that (i) any Environmental Conditions on the adjacent parcel previously owned by the borr
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and REDWOOD COMMERCIAL MORTGAGE CORPORATION, SELLER and REDWOOD TRUST, INC. MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 30, 2014 Fixed Rate Mortgage Loans Series 2014-C23Mortgage Loan Purchase Agreement • September 30th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C23 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception 9 Waterstone Landing Apartments (Loan No. 20) (Junior Liens) – There is a mezzanine loan in the amount of $2,750,000.00 made by Redwood Commercial Mortgage Corporation secured by ownership interests in the related Mortgagor. 9 Saddle Brook Apartments & Arbors on Chimney Rock (Loan No. 24) (Junior Liens) – There is a mezzanine loan in the amount of $2,300,000.00 made by Redwood Commercial Mortgage Corporation secured by ownership interests in the related Mortgagor. 15 New Hampshire Portfolio (Loan No. 27) (Actions Concerning Mortgage Loan) – Two of the non-recourse carveout guarantors of the Mortgage Loan are named defendants in ongoing litigation brought by the sellers of certain restaurant franchises acquired by such guarantors, which sellers claim that the guarantors violated certain contractual agreements between the guarantors and the sellers and seek $1,600,000.00 in damages. The
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., as Depositor WELLS FARGO BANK, NATIONAL ASSOCIATION, as Master Servicer CWCAPITAL ASSET MANAGEMENT LLC, as Special Servicer WELLS FARGO BANK, NATIONAL ASSOCIATION, as Certificate Administrator...Pooling and Servicing Agreement • September 30th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C23 • Asset-backed securities • New York
This Pooling and Servicing Agreement is dated and effective as of September 1, 2014, among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, CWCapital Asset Management LLC, as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Pentalpha Surveillance LLC, as Senior Trust Advisor.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and BARCLAYS BANK PLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 30, 2014 Fixed Rate Mortgage Loans Series 2014-C23Mortgage Loan Purchase Agreement • September 30th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C23 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception Insurer”); provided Mortgagor obtains a “cut-through” endorsement (that is, an endorsement which permits recovery against the provider of such endorsement) with respect to any Otherwise Rated Insurer from an insurance company which meets the claims paying ability ratings required. Additionally, if Mortgagor desires to maintain insurance required under the Mortgage Loan documents from an insurance company which does not meet the claims paying ability ratings but the parent of such insurance company, which owns at least fifty-one percent (51%) of such insurance company, maintains such ratings, Mortgagor may use such insurance companies if approved by lender (such approval may be conditioned on items required by lender including a requirement that the parent guarantee the obligations of such insurance company). Business interruption insurance is required for a period continuing until the
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and MC-FIVE MILE COMMERCIAL MORTGAGE FINANCE LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 30, 2014 Fixed Rate Mortgage Loans Series 2014-C23Mortgage Loan Purchase Agreement • September 30th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C23 • Asset-backed securities • New York
related mortgage loan documents contain a loss carveout for failure to obtain the permanent certificate of occupancy. 30 Reynolds/AHCF MHC Portfolio (Loan No. 50) (Financial Reporting and Rent Rolls) – The related mortgage loan documents require each Mortgagor to deliver financial statements, but do not require such financial statements to be combined for all Mortgagors. 33 Oak Manor Market (Loan No. 52) (Single-Purpose Entity) – The related mortgage loan documents limit the Single-Purpose Entity requirements with respect to the Mortgagor’s asset ownership and operations as the Mortgagor owned four outparcels adjacent to the Mortgaged Property that were sold to an affiliated entity in 2004. The related mortgage loan documents include representations that the Mortgagor is not subject to any actual or contingent liabilities by reason of its prior ownership and operation of the outparcels and the Mortgagor and guarantors indemnified the Seller from any environmental conditions at the ou
