INDIVIDUAL MORTGAGE LOANS. Exhibit 1 ID# Mortgage Loan Representation Exception
INDIVIDUAL MORTGAGE LOANS. Borrower hereby represents with respect to each Mortgage Note and Mortgage Loan that is part of the Collateral:
INDIVIDUAL MORTGAGE LOANS. Each Originator hereby represents and warrants to the Trustee, the Co-Trustee and the Certificateholders, with respect to each Initial Mortgage Loan, as of the Closing Date and, with respect to each Subsequent Mortgage Loan, as of the related Subsequent Transfer Date:
INDIVIDUAL MORTGAGE LOANS. Each of the Sellers hereby, severally and not jointly, represents and warrants to and covenants to and agrees with the Purchaser that, as to each Mortgage Loan sold by such Seller hereunder, as of the related Closing Date:
INDIVIDUAL MORTGAGE LOANS. Section 4.24
INDIVIDUAL MORTGAGE LOANS. 8 Section 3.03
INDIVIDUAL MORTGAGE LOANS. The Company hereby represents and warrants to the Purchaser that, as to each Mortgage Loan, as of the related Closing Date (or such other date as may be specified herein or in the applicable Assignment and Conveyance):
INDIVIDUAL MORTGAGE LOANS. Seller hereby represents and warrants to and agrees with Purchaser that, as to each Mortgage Loan, as of its respective Funding Date:
INDIVIDUAL MORTGAGE LOANS. Exhibit 1 ID# Mortgage Loan Representation Exception 5 Key Center Cleveland (6) Permitted Liens; Title Insurance The hotel manager, Marriott Hotel Services, Inc., has a right of first refusal in connection with any bona fide offer to purchase the hotel portion of the Mortgaged Property. However, such right of first refusal will not apply to a conveyance in connection with a foreclosure or deed-in-lieu thereof, but will apply to subsequent transfers (except for subsequent transfers by the lender). Pursuant to a subordination, non-disturbance and attornment agreement, Marriott Hotel Services, Inc.’s right of first refusal is subject and subordinate to the lien of the Mortgage; however, in the event the lender comes into possession of the hotel portion of the property by virtue of a foreclosure or deed-in-lieu thereof of the Mortgaged Property, the Marriott Hotel Services, Inc. may not be disturbed in its rights under the hotel management agreement. 8 21 28 34 D.C. Office Portfolio Thunderbird Beltway CVS Euclid & Austin Secure Self Storage Bloomington (16) Insurance All exceptions to Representation 29 set forth below for all Bank of America mortgage loans are also exceptions to this Representation 16.
INDIVIDUAL MORTGAGE LOANS. Exhibit 1 ID# Mortgage Loan Representation Exception 9 Calumet Business Center (5) Lien; Valid Assignment (6) Permitted Liens; Title Insurance Approximately 40 truck parking spaces are located on the shared boundary line between the Mortgaged Property and an adjacent parcel owned by an affiliate of the Mortgagor. In order to address future parking on these spaces, the Mortgagor and its affiliate entered into a Reciprocal Parking Agreement (“RPA”) which provides for shared parking on these spaces. The RPA is subordinate to an existing mortgage which currently encumbers the adjacent parcel. The Mortgage Loan documents contain a non-recourse carve-out for any losses resulting from a foreclosure on the adjacent parcel which extinguishes the RPA.
