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 December 29, 2014 Fixed Rate Mortgage Loans Series 2014-C26Mortgage Loan Purchase Agreement • December 29th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C26 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception 9 10 New Road (Loan No. 42) (Junior Liens) - There is a mezzanine loan in the amount of $1,370,000.00 made by Redwood Commercial Mortgage Corporation secured by ownership interests in the related Mortgagor. In connection with the mezzanine loan, the Mortgage Loan seller and the mezzanine lender are negotiating an intercreditor agreement, a copy of which will be included in the related Mortgage File. 18 Arbor Gate (Loan No. 12) (Insurance) - Lender agreed to accept Torus National Insurance Company, currently rated “A- XI” by A.M. Best, as the insurer for the umbrella liability Policy, for so long as the rating of such insurer is not withdrawn or downgraded below its “A- XI” by A.M. Best. 26 10 New Road (Loan No. 42) (Local Law Compliance) - The use of the mortgaged property as a warehouse is considered to be a pre-existing, nonconforming use grandfathered into the current zoning distri
PURCHASER, and BARCLAYS BANK PLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 29, 2014 Fixed Rate Mortgage Loans Series 2014-C26Mortgage Loan Purchase Agreement • December 29th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C26 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception 18 Dedham Place (Loan No. 23) and Walden Park Shopping Center (Loan No. 50) (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 Staybridge Suites Savannah Historic District (Loan No. 33) (Insurance) - The threshold for the lender holding insurance proceeds is 5% of the original principal balance of the Mortgage Loan rather than the then-outstanding principal balance of the Mortgage Loan. 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. 27 Belford Towers Apartments (Loan No. 16) (Licenses and Permits) - The certificate of occupancy for the Mortgaged Property is not in the name of the Mortgagor due to a ch
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and COLUMN FINANCIAL, INC., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 29, 2014 Fixed Rate Mortgage Loans Series 2014-C26Mortgage Loan Purchase Agreement • December 29th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C26 • Asset-backed securities • New York
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GENERAL ELECTRIC CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 29, 2014 Fixed Rate Mortgage Loans Series 2014-C26Mortgage Loan Purchase Agreement • December 29th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C26 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception 26 Riverstone - Deer Creek MHC (Loan No. 38) (Local Law Compliance) - MHC use is legally nonconforming. In the event of a casualty exceeding more than 50% of the replacement cost of structures (which includes mobile home units), restoration is permitted upon approval of a special exception. Law and ordinance insurance obtained with policy limits of $500,000. The loan documents provide that the borrower and guarantor are personally liable for losses related to the borrower’s inability to restore the project following casualty to the same or better condition that existed pre-casualty. The guarantor’s stated net worth as of December 31, 2013 was $141.4 million. 33 Centergy One (Loan No. 7) (Single-Purpose Entity) - Borrower is recycled SPE, but prior owned property not same as mortgaged property. Borrower previously owned 5 units in the same condominium project. Phase I environmental s
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 29, 2014 Fixed Rate Mortgage Loans Series 2014-C26Mortgage Loan Purchase Agreement • December 29th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C26 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception 5 Hyatt Regency Lexington (Loan No. 17) (Hospitality Provisions) - The comfort letter obtained in connection with the origination of the mortgage loan is assignable by the lender to the Trust, provided that the Trust does not own any equity interest in the Mortgagor or its constituent owners, the lender pays a fee of $7,500 and, within 30 days of the assignment, the lender provides the name and address of the Trust for notice purposes. 5 Marriott Fort Lauderdale (Loan No. 22) and Renaissance Boca Raton (Loan No. 31) (Hospitality Provisions) - The comfort letter obtained in connection with the origination of the mortgage loan is not assignable by the lender to the Trust. In connection with a securitization, the franchisor will issue a replacement comfort letter in favor of the Trust, provided that the lender delivers notice to the franchisor within 90 days from the date of the lender’s ass
approximate) JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2014-C26 Commercial Mortgage Pass-Through Certificates, Series 2014-C26 Class A-1, Class A-2, Class A-3, Class A-4, Class A-SB, Class X-A, Class X-B, Class A-S, Class B, Class C and Class EC...Underwriting Agreement • December 29th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C26 • Asset-backed securities • New York
December 1, 2014 (the “Pooling and Servicing Agreement”), between the Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer and as special servicer (the “Servicer”), Wells Fargo Bank, National Association, as certificate administrator and as trustee (the “Certificate Administrator and 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).
