J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., as Depositor, KEYBANK NATIONAL ASSOCIATION, as Servicer, PACIFIC LIFE INSURANCE COMPANY, as Special Servicer, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Certificate Administrator, Custodian...Trust and Servicing Agreement • April 23rd, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C28 • Asset-backed securities • New York
THIS TRUST AND SERVICING AGREEMENT (“Agreement”) is dated as of March 30, 2015 among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer, Pacific Life Insurance Company, as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator, Custodian and Trustee.
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 April 23, 2015 Fixed Rate Mortgage Loans Series 2015-C28Mortgage Loan Purchase Agreement • April 23rd, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C28 • Asset-backed securities • New York
environmental consultant recommended that a subsurface investigation take place at the Mortgaged Property. The related Mortgagor has obtained an environmental insurance policy issued by Steadfast Insurance Company with an aggregate limit of $2,000,000 and a self-insured retention of $25,000, with a 10-year term and a three-year tail. 44 CVS Dallas (Loan No. 58) (Lease Estoppels) – The estoppel obtained from the single tenant at the Mortgaged Property was dated approximately 128 days prior to the origination date of the related Mortgage Loan.
approximate) JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2015-C28 Commercial Mortgage Pass-Through Certificates, Series 2015-C28 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...Pooling and Servicing Agreement • April 23rd, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C28 • Asset-backed securities • New York
Loan Services, LLC, as Special Servicer (the “Special Servicer”), Wilmington Trust, National Association, as trustee (the “Trustee”), Wells Fargo Bank, National Association, as certificate administrator (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).
NATIONAL ASSOCIATION, Master Servicer and KEYBANK NATIONAL ASSOCIATION, Primary Servicer PRIMARY SERVICING AGREEMENT Dated as of April 1, 2015 JPMBB Commercial Mortgage Securities Trust 2015-C28 Commercial Mortgage Pass-Through Certificates Series...Primary Servicing Agreement • April 23rd, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C28 • Asset-backed securities • New York
This is a Primary Servicing Agreement (the “Agreement”), dated as of April 1, 2015, by and between KEYBANK NATIONAL ASSOCIATION, having an office at 11501 Outlook Street, Suite 300, Overland Park, Kansas 66211, and its successors and assigns (the “Primary Servicer”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, having an office at MAC D1086, 550 South Tryon Street, 14th Floor, Charlotte, North Carolina 28202, and its successors and assigns (the “Master Servicer”).
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and STARWOOD MORTGAGE FUNDING II LLC, SELLER and STARWOOD MORTGAGE CAPITAL LLC MORTGAGE LOAN PURCHASE AGREEMENT Dated as of April 23, 2015 Fixed Rate Mortgage Loans Series 2015-C28Mortgage Loan Purchase Agreement • April 23rd, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C28 • Asset-backed securities • New York
with the zoning ordinance is required, the borrower must either (i) obtain a variance or (ii) if such variance cannot be obtained, pay down the Mortgage Loan to achieve an LTV Ratio of 70% and a DSCR of 1.25x. The borrower and the non-recourse carveout guarantor have full recourse liability for the required pay down the Mortgage Loan as described above. 28 Horizon Outlet Shoppes Portfolio (Loan No. 12) (Recourse Obligations) – There is no recourse for material physical waste at the Mortgaged Property if the Mortgaged Property does not generate sufficient gross income to remedy or avoid such waste. 28 One Campus Martius (Loan No. 4) (Recourse Obligations) – Recourse for misapplication, misappropriation or conversion of rents is limited to (i) the borrower’s (or its representative’s) failure to deposit rents received by the borrower or the property manager into the clearing account or the borrower’s interference with a tenant’s deposit of its rent into the clearing account and (ii) the b
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of April 23, 2015 Fixed Rate Mortgage Loans Series 2015-C28Mortgage Loan Purchase Agreement • April 23rd, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C28 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception 9 Houston Galleria (Loan No. 1) (Junior Liens) – Future mezzanine debt is permitted provided that certain conditions are satisfied, which conditions include (but are not limited to) the following: (i) a combined LTV Ratio of not greater than 45.3%; (ii) a projected combined DSCR of at least 2.46x; (iii) a combined debt yield of not less than 8.4%; and (iv) the execution of an intercreditor agreement reasonably satisfactory to the lender. 9 The Shops at Waldorf Center (Loan No. 2) (Junior Liens) – There is a mezzanine loan in the amount of $10,000,000, which is currently held by a third party investor. In connection with the mezzanine loan, the Mortgage Loan seller and the mezzanine lender have entered into an intercreditor agreement, a copy of which is included in the related Mortgage File. 9 Shaner Hotels Portfolio (Loan No. 7) (Junior Liens) – There is a mezzanine loan in the amou
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and KEYBANK NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of April 23, 2015 Fixed Rate Mortgage Loans Series 2015-C28Mortgage Loan Purchase Agreement • April 23rd, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C28 • Asset-backed securities • New York
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 April 23, 2015 Fixed Rate Mortgage Loans Series 2015-C28Mortgage Loan Purchase Agreement • April 23rd, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C28 • Asset-backed securities • New York
provided by the tenant. If the tenant no longer maintains coverage as provided for in the Mortgage Loan Documents, the Mortgagor is obligated to obtain the required coverage. 18 8915 Rosedale Highway (Loan No. 61) (Insurance) – The Mortgagor is permitted to satisfy its insurance obligations with respect to the Mortgaged Property through insurance coverage maintained by each single tenant at each Mortgaged Property. If any tenant maintained insurance fails to satisfy the Mortgage Loan Seller’s requirements, the Mortgagor is required to obtain “excess and contingent” coverage over and above the insurance provided by the tenant. If the tenant no longer maintains coverage as provided for in the Mortgage Loan Documents, the Mortgagor is obligated to obtain the required coverage. 26 Tops Portfolio (Loan No. 20) (Local Law Compliance) - The Mortgaged Property in Saranac Lake, NY is legal non-conforming as to its use as a grocery store. The Mortgaged Property in Camden, NY is legal nonconformi
