J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • November 24th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C25 • Asset-backed securities • New York
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. 3) (Financial Reporting and Rent Rolls) – Annual financial statements are not required to be audited. 31 Grapevine Mills (L
approximate) JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2014-C25 Commercial Mortgage Pass-Through Certificates, Series 2014-C25 Class A-1, Class A-2, Class A-3, Class A-4A1, Class A-5, Class A-SB, Class X-A, Class X-B, Class A-S, Class B, Class C and...Underwriting Agreement • November 24th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C25 • Asset-backed securities • New York
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., PURCHASER, and REDWOOD COMMERCIAL MORTGAGE CORPORATION, SELLER and REDWOOD TRUST, INC. MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 24, 2014 Fixed Rate Mortgage Loans Series 2014-C25Mortgage Loan Purchase Agreement • November 24th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C25 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception mezzanine debt provided it enters into a subordination and standstill agreement. 26 Vallejo Plaza (Loan No. 23) (Local Law Compliance) –The City of Vallejo was unable to locate a major use permit for a tobacco retailer or a minor use permit for two dental offices located at the mortgaged property, which tenants took occupancy prior to the enactment of the relevant zoning ordinances. As such, the failure to obtain such permits is considered legal-nonconforming as to use. Further, the City of Vallejo was unable to locate a minor use permit for an additional dental office which took occupancy after such zoning ordinance was enacted and the absence of the minor use permit is considered nonconforming as to use. 27 Vallejo Plaza (Loan No. 23) (Licenses and Permits) – The City of Vallejo was unable to locate a major use permit for a tobacco retailer or a minor use permit for two dental offic
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • November 24th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C25 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception (Loan No. 29) a period continuing until the restoration of the Mortgaged Property is completed or the expiration of 12 months, whichever occurs first. 18 Holiday Inn Express & Suites Warminster (Loan No. 34) (Insurance) – Business interruption insurance is required for a period continuing until the restoration of the Mortgaged Property is completed or the expiration of 12 months, whichever occurs first. 18 TPUSA Building (Loan No. 57) (Insurance) – Business interruption insurance is required for a period continuing until the restoration of the Mortgaged Property is completed or the expiration of 12 months, whichever occurs first. 18 Sherwood Plaza (Loan No. 60) (Insurance) – Business interruption insurance is required for a period continuing until the restoration of the Mortgaged Property is completed or the expiration of 12 months, whichever occurs first. 28 Mall at Barnes Crossing a
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 24, 2014 Fixed Rate Mortgage Loans Series 2014-C25Mortgage Loan Purchase Agreement • November 24th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C25 • Asset-backed securities • New York
I, [______], a duly appointed, qualified and acting [______] of JPMorgan Chase Bank, National Association (the “Company”), hereby certify as follows:
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 • November 24th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C25 • 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 LADDER CAPITAL FINANCE LLC, SELLER and LADDER CAPITAL FINANCE HOLDINGS LLLP MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 24, 2014 Fixed Rate Mortgage Loans Series 2014-C25Mortgage Loan Purchase Agreement • November 24th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C25 • Asset-backed securities • New York
Rep. No. on Annex D-1 Mortgage Loan and Number as Identified on Exhibit A Description of Exception 7 Westfield Village (Loan No. 27) (Lien; Valid Assignment) – One of the tenants, Wal-Mart Real Estate Business Trust, holds a purchase option with respect to a portion of the related Mortgaged Property and a right of first refusal to purchase such Mortgaged Property. However, such right does not apply to a foreclosure or deed-in-lieu of foreclosure 7 Port Aransas-Ingleside Portfolio (Loan No. 40) (Lien; Valid Assignment) – The franchisor with respect to the Studio 6 Ingleside Mortgaged Property holds a right of first refusal to purchase such Mortgaged Property. However, such right does not apply to a foreclosure or deed-in-lieu of foreclosure. 7 Courtyard Daytona Beach (Loan No. 52) (Lien; Valid Assignment) – The property manager for the related Mortgaged Property holds a right of first refusal to purchase such Mortgaged Property. 7 Tractor Supply – Bennett (Loan No. 64) (Lien; Valid As
