1998-C1-CTL EXECUTION COPY
MORTGAGE LOAN PURCHASE AGREEMENT
This Mortgage Loan Purchase Agreement, dated as of March 1, 1998 (the
"Agreement"), is between Xxxxxxx Xxxxx Mortgage Investors, Inc., a Delaware
corporation (the "Company"), and Daiwa Finance Corp. (the "Mortgage Loan
Seller"). The Mortgage Loan Seller agrees to sell, and the Company agrees to
purchase, the mortgage loans (the "Mortgage Loans") described in, and set forth
in, the Mortgage Loan Schedule attached as Exhibit A to this Agreement (the
"Mortgage Loan Schedule"). The Company intends to deposit the Mortgage Loans and
other assets into a trust (the "Trust") and cause the creation of a series of
certificates to be known as Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage
Pass-Through Certificates, Series 1998-C1-CTL (the "Certificates"), evidencing
beneficial ownership interests in the Mortgage Loans and other assets
(including, without limitation, other mortgage loans), under a Pooling and
Servicing Agreement, to be dated as of March 1, 1998 (the "Pooling and Servicing
Agreement"), among the Company, as depositor, GMAC Commercial Mortgage
Corporation, as master servicer and special servicer (in each capacity, the
"Master Servicer" and "Special Servicer", respectively) and Norwest Bank
Minnesota, National Association, as trustee (the "Trustee"). Capitalized terms
used but not otherwise defined herein shall have the respective meanings given
to them in the Pooling and Servicing Agreement without giving effect to any
amendment thereto unless the Mortgage Loan Seller has given its consent to such
amendment in writing and signed by a duly authorized officer of the Mortgage
Loan Seller.
1. Purchase Price; Purchase and Sale. The purchase price (the "Purchase
Price") for the Mortgage Loans shall consist of a cash amount equal to (i) 100%
of the outstanding principal balance of the Mortgage Loans as of the Cut-Off
Date plus (ii) interest accrued on the Mortgage Loans at the related Mortgage
Rate up to but excluding the Closing Date. The Purchase Price amount shall be
payable by the Company to the Mortgage Loan Seller on March 31,1998 or such
other date as shall be mutually acceptable to the parties hereto (the "Closing
Date") in immediately available funds. The closing for the purchase and sale of
the Mortgage Loans shall take place at the offices of Xxxxxxx Xxxx & Xxxxxxxxx,
000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, at 10:00a.m. (New York time),
on the Closing Date.
On the Closing Date, the Mortgage Loan Seller shall sell, transfer, assign,
set over and convey to the Company, without recourse, and the Company shall
purchase, all the right, title and interest of the Mortgage Loan Seller in and
to the Mortgage Loans, including all interest and principal due on or with
respect to the Mortgage Loans after the Cut-off Date, together with all of the
Mortgage Loan Sellers right, title and interest in and to the proceeds of any
related title, hazard, primary mortgage or other insurance policies. All
scheduled payments of interest and principal due before the Cut-Off Date but
collected on or after the Cut-Off Date, and recoveries of
interest and principal collected before the Cut-Off Date, shall belong to, and
be promptly remitted to the Mortgage Loan Seller. The Company hereby directs the
Mortgage Loan Seller, and the Mortgage Loan Seller hereby agrees, to deliver to
each of the Trustee, the Master Servicer and the Special Servicer all documents,
instruments and agreements required to be delivered by the Company to the
Trustee, the Master Servicer and the Special Servicer under Section 2.01 of the
Pooling and Servicing Agreement, and meeting all the requirements of such
Section 2.01 and such other documents, instruments and agreements as the Company
or the Trustee, the Master Servicer and the Special Servicer shall reasonably
request. The Mortgage Loan Schedule may be amended to reflect the actual
Mortgage Loans.
2. Representations and Warranties and Covenants. (a) The Mortgage Loan
Seller hereby represents and warrants to the Company as of the date hereof and
as of Closing Date that:
(i) The Mortgage Loan Seller is a New York corporation duly organized,
validly existing and in good standing under the laws of the State of New
York, with the necessary corporate power and authority to own its assets
and conduct its business as now being conducted, is duly qualified as a
foreign corporation in good standing in all jurisdictions in which the
ownership or lease of its property or the conduct of its business requires
such qualification, except where the failure to be so qualified would not
have a material adverse effect on the value of the Mortgage Loans and the
ability of the Mortgage Loan Seller to perform its obligations hereunder,
and the Mortgage Loan Seller has taken all necessary corporate action to
authorize the execution, delivery and performance of this Agreement by it,
and has the necessary corporate power and authority to execute, deliver and
perform this Agreement and all the transactions contemplated hereby,
including, but not limited to, the power and authority to sell, assign,
transfer, set over and convey the Mortgage Loans in accordance with this
Agreement;
(ii) This Agreement has been duly authorized, executed and delivered
by the Mortgage Loan Seller and assuming the due authorization, execution
and delivery by the Company, will constitute a legal, valid and binding
obligation of the Mortgage Loan Seller, enforceable against the Mortgage
Loan Seller in accordance with the terms of this Agreement, except as such
enforcement may be limited by bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting the enforcement of
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creditors' rights generally, and by general principles of equity
(regardless of whether such enforceability is considered in a proceeding in
equity or at law), or by public policy considerations underlying the
securities laws, to the extent that such public policy considerations limit
the enforceability of the provisions of this Agreement which purport to
provide indemnification from liabilities under applicable securities laws;
(iii) The execution and delivery of this Agreement by the Mortgage
Loan Seller and the performance of its obligations hereunder (1)will not
conflict with any provision of any law or regulation to which the Mortgage
Loan Seller is subject, or conflict with, result in a breach of or
constitute a default under any of the terms, conditions or provisions of
any of the Mortgage Loan Sellers organizational documents or any agreement
or instrument to which the Mortgage Loan Seller is a party or by which it
is bound, or any order or decree applicable to the Mortgage Loan Seller, or
result in the creation or imposition of any lien on any of the Mortgage
Loan Sellers assets or property, in each case which would materially and
adversely affect the ability of the Mortgage Loan Seller to carry out the
transactions contemplated by this Agreement; and (2)does not require the
consent of any third party or such consent has been obtained.
(iv) There is no action, suit, proceeding or investigation pending or,
to the knowledge of the Mortgage Loan Seller, threatened against the
Mortgage Loan Seller in any court or by or before any other governmental
agency or instrumentality which, in the Mortgage Loan Sellers good faith
and reasonable judgment, would materially and adversely affect the validity
of the Mortgage Loans or the ability of the Mortgage Loan Seller to enter
into or which would be likely to impair materially and adversely the
ability of the Mortgage Loan Seller to carry out the transactions
contemplated by, this Agreement;
(v) The Mortgage Loan Seller is not in default with respect to any
order or decree of any court or any order, regulation or demand of any
federal, state, municipal or governmental agency, which default might have
consequences that, in the Mortgage Loan Sellers good faith and reasonable
judgment, would materially and adversely affect the condition (financial or
other) or operations of the Mortgage Loan Seller or its properties or
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might have consequences that would materially and adversely affect its
performance hereunder;
(vi) No consent, approval, authorization or order of any court or
governmental agency or body is required for the execution, delivery and
performance by the Mortgage Loan Seller of or compliance by the Mortgage
Loan Seller with this Agreement or the consummation of the transactions
contemplated by this Agreement, other than those which have been obtained
by the Mortgage Loan Seller;
(vii) The transfer, assignment and conveyance of the Mortgage Loans by
the Mortgage Loan Seller to the Company is not subject to bulk transfer
laws or any similar statutory provisions in effect in any applicable
jurisdiction; and
(viii) Under generally accepted accounting principles ("GAAP") and for
federal income tax purposes, the Mortgage Loan Seller will report the
transfer of the Mortgage Loans to the Company as a sale of the Mortgage
Loans to the Company. The consideration received by the Mortgage Loan
Seller upon the sale of the Mortgage Loans to the Company will constitute
reasonably equivalent value and fair consideration for the Mortgage Loans.
The Mortgage Loan Seller will be solvent at all relevant times prior to,
and will not be rendered insolvent by, the sale of the Mortgage Loans to
the Company. The Mortgage Loan Seller is not selling the Mortgage Loans to
the Company with any intent to hinder, delay or defraud any of the
creditors of the Mortgage Loan Seller.
(b) The Mortgage Loan Seller hereby makes the representations and
warranties contained in Schedule I, Schedule II and Schedule III with respect to
each Mortgage Loan as of the date specified therein or, if no such date is
specified, as of the Closing Date.
(c) The Mortgage Loan Seller hereby covenants that it shall, within 10 days
of the Closing Date, notify the Lease Enhancement Policy Issuer and the RVI
Insurer that (i) both the Master Servicer and Special Servicer shall be sent
notices under each Lease Enhancement Policy and RVI Policy, and (ii) the Master
Servicer c/o Norwest Bank Minnesota, National Association, as Trustee for the
registered holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage
Pass-Through Certificates, Series 1998-C1-CTL, shall be the loss payee under
each RVI Policy and the named insured under each Lease Enhancement Policy.
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3. Notice of Breach; Cure and Repurchase.
(a) Pursuant to the Pooling and Servicing Agreement, the Mortgage Loan
Seller and the Company shall be given notice of any Breach or Document Defect
that materially and adversely affects the value of such Mortgage Loan or the
interests of the holders of the Certificates therein.
(b) Upon notice pursuant to Section 3(a) herein, the Mortgage Loan Seller
shall, not later than 90 days from the Mortgage Loan Sellers receipt of notice
of such Breach or Document Defect (or, in the case of a Document Defect or
Breach relating to a Mortgage Loan not being a qualified mortgage within the
meaning of the Section 860G(a)(3) of the Internal Revenue Code of 1986, as
amended (a "Qualified Mortgage"), not later than 90 days of any party to this
Agreement or to the Pooling and Servicing Agreement discovering such Document
Defect or Breach), if such Breach or Document Defect shall materially and
adversely affect the value of such Mortgage Loan or the interests of the holders
of the Certificates therein, cure such Document Defect or Breach, as the case
may be, in all material respects or, if such Document Defect or Breach (other
than omissions solely due to a document not having been returned by the related
recording office) cannot be cured within the periods hereinafter set forth,
repurchase the affected Mortgage Loan at the applicable Repurchase Price (as
defined below); provided, however, that if such Document Defect or Breach is
capable of being cured but not within such 90-day period, such Document Defect
or Breach does not relate to any Mortgage Loan not being treated as a Qualified
Mortgage, and the Mortgage Loan Seller has commenced and is diligently
proceeding with the cure of such Document Defect or Breach within such 90-day
period, the Mortgage Loan Seller shall (A) with respect to any Breach, have an
additional 90 day period to complete such cure (or failing such cure, to
complete such repurchase) and (B) with respect to any Document Defect, have
additional 90 day periods up to but not exceeding the second anniversary of the
Closing Date to complete such cure (or failing such cure, to complete such
repurchase); provided, further, that with respect to each additional 90-day
period, the Mortgage Loan Seller shall have delivered an Officers Certificate
to the Trustee setting forth the reason such Document Defect or Breach is not
capable of being cured within the initial 90-day period or additional 90-day
period, as applicable, and what actions the Mortgage Loan Seller is pursuing in
connection with the cure thereof and stating that the Mortgage Loan Seller
anticipates that such Document Defect or Breach will be cured within such
additional 90-day period. If the affected Mortgage Loan is to be repurchased,
Mortgage Loan Seller shall remit the Repurchase Price in immediately available
funds to the Trustee. The delivery of a binding commitment to issue a policy of
lenders title insurance in lieu of the delivery of the actual policy of
lenders title insurance shall not be considered a Document Defect with respect
to any Mortgage File if such actual policy of insurance is delivered to the
Trustee or a Custodian on
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its behalf not later than the 90th day following the Closing Date.
The "Repurchase Price" with respect to any Mortgage Loan or REO Loan to be
repurchased pursuant to this Agreement and Section2.03 of the Pooling and
Servicing Agreement, shall have the meaning given to the term "Purchase Price"
in the Pooling and Servicing Agreement without giving effect to any amendment
thereto unless the Mortgage Loan Seller has given its consent to such amendment
in writing and signed by a duly authorized officer of the Mortgage Loan Seller.
(c) Upon any repurchase of a Mortgage Loan contemplated by Section 3(b)
above, the Trustee, the Servicer and the Special Servicer shall each tender to
the Mortgage Loan Seller, all portions of the Mortgage File and other documents
pertaining to such Mortgage Loan possessed by it, and each document that
constitutes a part of the Mortgage File that was endorsed or assigned to the
Trustee shall be endorsed or assigned, as the case may be, to the Mortgage Loan
Seller.
(d) This Section 3 of this Agreement provides the sole and exclusive remedy
available to the Company, the Trustee, the Certificateholders, or the Trustee on
behalf of the Certificateholders or any other party, respecting any Document
Defect or any Breach.
(e) Subject to the terms of this Agreement, the Mortgage Loan Seller hereby
acknowledges the assignment by the Company to the Trustee, as trustee under the
Pooling and Servicing Agreement, for the benefit of the Certificateholders, of
the representations and warranties contained herein and of the obligation of the
Mortgage Loan Seller to repurchase a Mortgage Loan pursuant to this Section. The
Trustee or its designee may enforce such obligations as provided in Section 8
hereof.
4. Representations, Warranties and Agreements of Company.
(a) The Company hereby represents and warrants to the Mortgage Loan Seller,
as of the date hereof (or such other date as is specified in the related
representation or warranty), as follows:
(i) The Company is a corporation duly organized, validly existing and
in good standing under the laws of the State of Delaware, with full
corporate power and authority to own its assets and conduct its business,
is duly qualified as a foreign corporation in good standing in all
jurisdictions in which the ownership or lease of its property or the
conduct of its business requires such qualification, except where the
failure to be so qualified would not have a
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material adverse effect on the ability of the Company to perform its
obligations hereunder, and the Company has taken all necessary action to
authorize the execution, delivery and performance of this Agreement by it,
and has the power and authority to execute, deliver and perform this
Agreement and all the transactions contemplated hereby;
(ii) This Agreement has been duly authorized, executed and delivered
by the Company and constitutes a valid and binding obligation of the
Company, enforceable against the Company in accordance with its terms,
except as such enforcement may be limited by bankruptcy, reorganization,
insolvency, moratorium and other similar laws affecting the enforcement of
creditors rights generally and to general principles of equity (regardless
of whether such enforceability is considered in a proceeding in equity or
at law);
(iii) The execution and delivery of this Agreement by the Company and
the performance of its obligations hereunder will not conflict with any
provision of any law or regulation to which the Company is subject, or
conflict with, result in a breach of or constitute a default under any of
the terms, conditions or provisions of any of the Companys organizational
documents or any agreement or instrument to which the Company is a party or
by which it is bound, or any law, rule, regulation, judgment, writ,
injunction, order or decree applicable to the Company, or result in the
creation or imposition of any lien on any of the Companys assets or
property, in each case which would materially and adversely affect the
ability of the Company to carry out the transactions contemplated by this
Agreement;
(iv) There is no action, suit, proceeding or investigation pending or
to the knowledge of the Company, threatened against the Company in any
court or by or before any other governmental agency or instrumentality
which would materially and adversely affect the validity of this Agreement
or any action taken in connection with the obligations of the Company
contemplated herein, or which would be likely to impair materially the
ability of the Company to perform under the terms of this Agreement;
(v) The Company is not in default with respect to any order or decree
of any court or any
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order, regulation or demand of any federal, state, municipal or
governmental agency, which default might have consequences that would
materially and adversely affect the condition (financial or other) or
operations of the Company or its properties or might have consequences that
would materially and adversely affect its performance hereunder;
(vi) No consent, approval, authorization or order of any court or
governmental agency or body is required for the execution, delivery and
performance by the Company of or compliance by the Company with this
Agreement or the consummation of the transactions contemplated by this
Agreement other than those that have been obtained by the Company; and
(vii) Under GAAP and for federal income tax purposes, the Company will
report the transfer of the Mortgage Loans by the Mortgage Loan Seller to
the Company as a sale of the Mortgage Loans to the Company.
5. Companys Conditions to Closing.
The obligations of the Company under this Agreement shall be subject to the
satisfaction, on the Closing Date, or such other date specified herein, of the
following conditions:
(a) The obligations of the Mortgage Loan Seller required to be performed by
it at or prior to the Closing Date pursuant to the terms of this Agreement shall
have been duly performed and complied with and all of the representations and
warranties of the Mortgage Loan Seller under this Agreement shall be true and
correct in all material respects, and no event shall have occurred which, with
notice or the passage of time, or both, would constitute a material default
under this Agreement.
(b) The Company or its designee shall have received all of the following
closing documents, in such forms as are agreed upon and acceptable to the
Company and in form and substance satisfactory to the Company, the Underwriters
and their respective counsel, duly executed by all signatories other than the
Company as required pursuant to the respective terms thereof:
(i) with respect to each Mortgage Loan, the related Mortgage File,
which Mortgage Files shall be delivered to and held by the Trustee on
behalf of the Company;
(ii) the final Mortgage Loan Schedule;
(iii) an officers certificate from
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the Mortgage Loan Seller dated as of the Closing Date, in the form attached
hereto as Exhibit B;
(iv) an opinion of Mortgage Loan Sellers counsel, subject to
customary exceptions and carve-outs, in form and substance reasonably
acceptable to the Company and its counsel and the Rating Agencies, which
states in substance the opinions set forth on Exhibit C hereto, and
(v) such other documents, certificates and opinions as the Company may
reasonably request to effectuate the transactions contemplated by this
Agreement.
(c) The Mortgage Loan Seller hereby agrees to furnish such other
information, documents, certificates, letters or opinions with respect to the
Mortgage Loans or itself as may be reasonably requested by the Company in order
for the Company to perform any of its obligations or satisfy any of the
conditions on its part to be performed or satisfied pursuant to the Underwriting
Agreement, the Pooling and Servicing Agreement or this Agreement.
6. Indemnification and Contribution.
(a) The Mortgage Loan Seller shall indemnify and hold harmless the Company,
the Underwriter, their respective officers and directors, and each person, if
any, who controls the Company or the Underwriter within the meaning of either
Section15 of the Securities Act of 1933, as amended (the "1933 Act") or
Section20 of the Securities Exchange Act of 1934, as amended (the "1934 Act"),
against any and all losses, claims, damages or liabilities, joint or several, to
which they or any of them may become subject under the 1933 Act, the 1934 Act or
other federal or state statutory law or regulation, at common law or otherwise,
insofar as such losses, claims, damages or liabilities (or actions in respect
thereof) (i) arise out of or are based upon any untrue statement or alleged
untrue statement of a material fact relating to the Mortgage Loans, the related
Mortgagors, the related Mortgaged Properties or the Mortgage Loan Seller
contained in (A)the Prospectus Supplement and the Memorandum (insofar as the
following are incorporated as part of the Memorandum) under the headings
"Summary of the Prospectus Supplement-The Mortgage Pool" or "Summary of the
Prospectus Supplement-Mortgage Loan Sellers", "Risk Factors-The Mortgage Loans"
and "Description of the Mortgage Pool" and on Annex A to the Prospectus
Supplement, the Diskette or, insofar as they are required to be filed as part of
the Registration Statement pursuant to the No-Action Letters, any Computational
Materials or ABS Term Sheets with respect to the Registered Certificates, or in
any revision or amendment of or supplement to any of the foregoing or (B) any
items similar to Computational Materials and ABS Term Sheets forwarded to
prospective investors in the Non-
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Registered Certificates, or (ii) arise out of or are based upon the omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading; but, in the case of (i) and (ii),
only if and to the extent that any such untrue statement or alleged untrue
statement or omission or alleged omission (I) arises out of or is based upon an
untrue statement or omission with respect to the Mortgage Loans, the related
Mortgagors or the related Mortgaged Properties contained in the Master Tape (it
being herein acknowledged that the Master Tape was used to prepare the
Prospectus Supplement including without limitation Annex A thereto, the
Memorandum, the Diskette, the Computational Materials and ABS Term Sheets with
respect to the Registered Certificates and any items similar to Computational
Materials and ABS Term Sheets forwarded to prospective investors in the
Non-Registered Certificates), (II) is contained in the information regarding the
Mortgage Loans, the related Mortgagor, the related Mortgaged Property or the
Mortgage Loan Seller set forth in the Prospectus Supplement and the Memorandum
(insofar as the following are incorporated as part of the Memorandum) under the
headings "Summary of the Prospectus Supplement-The Mortgage Pool" or "Summary of
the Prospectus Supplement-Mortgage Loan Sellers", "Risk Factors-The Mortgage
Loans" and "Description of the Mortgage Pool" or on Annex A to the Prospectus
Supplement; provided that the foregoing were provided to the Mortgage Loan
Seller for its review, or (III) arises out of or is based upon a breach of the
representations and warranties of the Mortgage Loan Seller set forth in or made
pursuant to Section2 (such representations and warranties, together with the
information described in the preceding clauses I and II, the "Mortgage Loan
Seller Information"); provided that the indemnification provided by this
Section 6 shall not apply to the extent that such untrue statement or omission
was made as a result of an error in (x) the manipulation of, or (y) any
calculations based upon, or (z) any aggregation (other than an aggregation made
in the Master Tape by the Mortgage Loan Seller) of, the information regarding
the Mortgage Loans, the related Mortgagor, the related Mortgaged Property or the
Mortgage Loan Seller set forth in the Master Tape and Annex A to the Prospectus
Supplement. This indemnity agreement will be in addition to any liability which
the Mortgage Loan Seller may otherwise have.
For purposes of this Agreement, "Registration Statement" shall mean the
registration statement No. 333-38073 filed by the Company on Form S-3, including
without limitation exhibits thereto and information incorporated therein by
reference; "Prospectus" shall mean the prospectus dated February 25, 1998, as
supplemented by the prospectus supplement dated March 25,1998 (the "Prospectus
Supplement"), relating to the Registered Certificates, including all annexes
thereto; "Memorandum" shall mean the private placement memorandum dated March
31, 1998, relating to the Non-Registered Certificates; "Registered Certificates"
shall mean the Class A-1, Class X-0,
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Xxxxx X-0, Class A-PO, Class B, Class C, Class D, Class E and Class IO
Certificates; "Non-Registered Certificates" shall mean the Certificates other
than the Registered Certificates; "Computational Materials" shall have the
meaning assigned thereto in the no-action letter dated May20,1994 issued by
the Division of Corporation Finance of the Securities and Exchange Commission
(the "Commission") to Xxxxxx, Peabody Acceptance Corporation I, Xxxxxx, Xxxxxxx
& Co. Incorporated, and Xxxxxx Structured Asset Corporation and the no-action
letter dated May27,1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the "Xxxxxx
Letters"); "ABS Term Sheets" shall have the meaning assigned thereto in the
no-action letter dated February17,1995 issued by the Division of Corporation
Finance of the Commission to the Public Securities Association (the "PSA Letter"
and, together with the Xxxxxx letters, the "No-Action Letters"); "Diskette"
shall mean the diskette attached to each of the Prospectus and the Memorandum;
and "Master Tape" shall mean the compilation of information and data regarding
the Mortgage Loans covered by the Independent Accountants' Report on Applying
Agreed-Upon Procedures dated March 25, 1998 and rendered by Deloitte & Touche
LLP (a "hard copy" of which Master Tape was initialed on behalf of the Mortgage
Loan Seller and the Company).
(b) Promptly after receipt by an indemnified party under this Section 6 of
notice of the commencement of any action, such indemnified party will, if a
claim in respect thereof is to be made against the indemnifying party under this
Section 6, notify the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not relieve the
indemnifying party from any liability which it may have to any indemnified party
under this Section 6, except to the extent that it has been prejudiced in any
material respect, or from any liability which it may have, otherwise than under
this Section 6. In case any such action is brought against any indemnified party
and it notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and to the extent
that it may elect by written notice delivered to the indemnified party promptly
after receiving the aforesaid notice from such indemnified party, to assume the
defense thereof, with counsel reasonably satisfactory to such indemnified party;
provided that if the defendants in any such action include both the indemnified
party and the indemnifying party and the indemnified party or parties shall have
reasonably concluded that there may be legal defenses available to it or them
and/or other indemnified parties which are different from or additional to those
available to the indemnifying party, the indemnified party or parties shall have
the right to select separate counsel to assert such legal defenses and to
otherwise participate in the defense of such action on behalf of such
indemnified party or parties. Upon receipt of notice from the indemnifying party
to such indemnified party of its election so to assume the defense of such
action and approval by the indemnified party of counsel, the indemnifying
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party will not be liable to such indemnified party for legal or other expenses
incurred by the indemnified party in connection with the defense thereof unless
(i) the indemnified party shall have employed separate counsel in connection
with the assertion of legal defenses in accordance with the proviso to the next
preceding sentence (it being understood, however, that the indemnifying party
shall not be liable for the expenses of more than one separate counsel (together
with one local counsel, if applicable), approved by the Company representing the
indemnified parties under subsection (a) of this Section 6 who are parties to
such action), (ii) the indemnifying party shall not have employed counsel
reasonably satisfactory to the indemnified party to represent the indemnified
party within a reasonable time after notice of commencement of the action or
(iii) the indemnifying party has authorized in writing the employment of counsel
for the indemnified party at the expense of the indemnifying party; and except
that, if clause (i) or (iii) is applicable, such liability shall be only in
respect of the counsel referred to in such clause (i)or (iii).
(c) If the indemnification provided for in this Section 6 shall for any
reason be unavailable in accordance with its terms to an indemnified party under
this Section 6, then the Mortgage Loan Seller and the Company shall contribute
to the amount paid or payable by such indemnified party as a result of the
losses, claims, damages or liabilities referred to in subsection (a) or (b)
above, in such proportion as is appropriate to reflect the relative fault of the
Mortgage Loan Seller on the one hand and the Company on the other in connection
with the statement or omission that resulted in such losses, claims, damages or
liabilities, as well as any other relevant equitable considerations. The
relative fault shall be determined by reference to, among other things, whether
the untrue or alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact relates to information supplied by the
Mortgage Loan Seller or the Company and the parties relative intent, knowledge,
access to information and opportunity to correct or prevent such untrue
statement or omission. The Mortgage Loan Seller and the Company agree that it
would not be just and equitable if contribution pursuant to this subsection (d)
were to be determined by per capita allocation or by any other method of
allocation that does not take account of the equitable considerations referred
to herein. The amount paid or payable by an indemnified party as a result of the
losses, claims, damages or liabilities referred to in the first sentence of this
subsection (d) shall be deemed to include any legal or other expenses reasonably
incurred by such indemnified party in connection with investigating or defending
against any action or claim which is the subject of this subsection (d) subject
to the limitations therein provided under subsection (c). No person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Act)
shall be entitled to contribution from any person who was not also guilty of
such fraudulent misrepresentation.
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7. Notices. All communications hereunder shall be in writing and effective
only upon receipt and, if sent to the Company, will be mailed, hand delivered,
couriered or sent by facsimile transmission to it at World Xxxxxxxxx Xxxxxx, Xxx
Xxxx, Xxx Xxxx 00000, attention: Xxxxx X. Xxxxxxxx fax number: (000) 000-0000,
or, if sent to the Mortgage Loan Seller, will be mailed, hand delivered,
couriered or sent by facsimile transmission to it at Financial Square, 00 Xxx
Xxxx, Xxx Xxxx, Xxx Xxxx 00000-0000, attention: Xxxxxx Xxxxxxxxx, fax number:
(000) 000-0000, with a copy to the attention of the General Counsel, fax number:
(000) 000-0000.
8. Trust as Beneficiary. The representations, warranties and agreements
made by the Mortgage Loan Seller in this Agreement are made for the benefit of,
and, to the extent they are assigned by the Company to the Trustee under the
Pooling and Servicing Agreement, may be enforced by or on behalf of, the
Trustee, the Servicer or the Special Servicer, as provided in the Pooling and
Servicing Agreement, to the same extent that the Company has rights against the
Mortgage Loan Seller under this Agreement in respect of representations,
warranties and agreements made by the Mortgage Loan Seller herein.
9. Miscellaneous. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO
CONFLICTS OF LAWS PRINCIPLES. This Agreement may be executed in any number of
counterparts, each of which shall for all purposes be deemed to be an original
and all of which shall together constitute but one and the same instrument. This
Agreement will inure to the benefit of and be binding upon the parties hereto
and their respective successors and assigns, and no other person will have any
right or obligation hereunder, other than as provided herein.
10. Representations, Warranties and Agreements to Survive Delivery. All
representations, warranties and agreements contained in this Agreement, or in
certificates of officers of the Mortgage Loan Seller and the Company submitted
pursuant hereto, shall remain operative and in full force and effect and shall
survive the transfer and sale of the Mortgage Loans to the Company and by the
Company to the Trustee notwithstanding any language to the contrary contained in
any endorsement of any Mortgage Loan; provided that the representations,
warranties and agreements shall terminate upon the termination of the Pooling
and Servicing Agreement.
11. Severability. If any provision of this Agreement shall be prohibited or
invalid under applicable law, this Agreement shall be ineffective only to such
extent, without invalidating the remainder of this Agreement.
12. Further Assurances. The Mortgage Loan Seller and the Company agree to
execute and deliver such instruments and take such actions as the other party
may, from time to time,
-13-
reasonably request in order to effectuate the purpose and to carry out the terms
of this Agreement.
13. Amendments. Neither this Agreement nor any term hereof may be changed,
waived, discharged or terminated except by a writing signed by a duly authorized
officer of the party against whom enforcement of such change, waiver, discharge
or termination is sought to be enforced. This Agreement may not be changed or
waived in any manner which would have a material adverse effect on
Certificateholders without the prior written consent of the Trustee.
[Signature page follows]
-14-
IN WITNESS WHEREOF, the Company and the Mortgage Loan Seller have caused
this Agreement to be duly executed by their respective officers as of the day
and year first above written.
DAIWA FINANCE CORP.
By: /s/ XXXXXX XXXXXX
-------------------------------------------
Name: Xxxxxx Xxxxxx
Title: Authorized Signatory
XXXXXXX XXXXX MORTGAGE INVESTORS, INC.
By: /s/ XXXXX XXXXXXXX
-------------------------------------------
Name: Xxxxx Xxxxxxxx
Title: Authorized Signatory
EXHIBIT A
MORTGAGE LOAN SCHEDULE
CTL MORTGAGE LOAN SCHEDULE
CONTROL
NUMBER TENANT/GUARANTOR (IF APPLICABLE) ADDRESS CITY STATE ZIP
--------------------------------------------------------------------------------------------------------------------------------
1 Allegheny Hospitals, Centennial 000 X. Xxxxxxxxx Xxx. Xxxxx XX 00000
2 Allegheny General Hospital 000 Xxxx Xxxxx Xx. Xxxxxxxxxx XX 00000
3 Allegheny General Hospital Federal St./W.N. Ave Pittsburgh PA 15212
4 Baptist Hospital, Inc. 0000 Xxxxxx Xxxxxxxxx XX 00000
5 Baptist Hospital, Inc. 000 Xxxxxxx Xx. Xxxxxxxxx XX 00000
6 Circuit City Stores, Inc. 0000 X. Xxxxxxxx Xxxx. Xxxxxx XX 00000
7 Circuit City Stores, Inc. 0000 X. Xxxxxxx Xxxx. Xxxxxxx XX 00000
8 Circuit City Stores, Inc. 0000 Xxxxxxxxxx Xxxx. Xxxx Xxxx Xxxxx XX 00000
9 Circuit City Stores, Inc. 0000 XX Xxxxx 00 Xxxxxxx Xxxx XX 00000
10 Circuit City Stores, Inc. 0000 X. Xxxxxx Xx. Xxxxxxx XX 00000
11 Circuit City Stores, Inc. 00000 Xxxxxx Xx Xxxxxxxx XX 00000
12 Circuit City Stores, Inc. 0000 00xx Xxxxxx XX Xxxxxxxx XX 00000
13 Circuit City Stores, Inc. 0000 Xxxxxx Xx. Xxxxxxxx XX 00000
14 Circuit City Stores, Inc. 0000 Xxxxxxx Xxxx XXX Xxxxxxx Xxxxxxxx XX 00000
15 Circuit City Stores, Inc. 0000 Xxxxxxx Xxxx. Xxxxxxxx XX 00000
16 Eckerd Corp. 000 Xxxxxxxx Xxxx. Xxxxxxx Xxxxx XX 00000
17 Federal Insurance Company 00 Xxxxxxxx Xx. Xxxxxxx Xxxx XX 00000
18 Xxxx Xxxxx, Inc. 0000 X/X 00xx Xxx. Xxxxxxxx XX 00000
19 Xxxx Xxxxx, Inc. 00000 X/X XxXxxxxxxxx Xxxx Xxxxxxxxx XX 00000
20 Xxxx Xxxxx, Inc. 00000 Xxxxxxx 000 Xxxxx Xxxx XX 00000
21 Giant Food, Inc. 00000 Xxxx Xxxxxx Xxxxxxx XX 00000
24 Health Insurance Plan of
Greater New York 00-00 Xxxxxxxxxxxx Xxx. Xxxxxx Xxxxx XX 00000
25 Xxxxxx-Xxxxxx Company 0000 Xxxxxxxx Xx. Xxxxxxx XX 00000
26 Xxxxxx-Xxxxxx Company 000 Xxxxxx Xxxxx Xxxxxxx XX 00000
27 Xxxxxx-Xxxxxx Company 0000 Xxxxxxxxxxxx Xx. Xxxxxxx XX 00000
28 Xxxxxx-Xxxxxx Company 000 X. Xxxxxxxxx Xxx. Xxxxxxxxxx XX 00000
29 Xxxxxx-Xxxxxx Company 0000 Xxxxxxxx Xx., XX Xxxxx Xxxxxx XX 00000
30 Xxxxxx-Xxxxxx Company 000 Xxxx X. Xxxxxxx Xx. Xxxxxxx XX 00000
31 Xxxxxx-Xxxxxx Company 0000 Xxxxxx Xxxxx Xxxxxxxx XX 00000
32 Xxxxxx-Xxxxxx Company 0000 Xxxxxxx Xx. Xxxx Xxxxx XX 00000
33 Xxxxxx-Xxxxxx Company 0000 Xxxxxxxx Xxx Xxxxx XX 00000
34 Xxxxxx-Xxxxxx Company 0000 00xx Xxx. Xxxxxx XX 00000
35 Xxxxxx-Xxxxxx Company 000 Xxxxx 00xx Xxxxxx Xxxxxx XX 00000
36 Xxxxxx-Xxxxxx Company 00000 Xxxxxxx XXX Xxxxx Xxxxx XX 00000
37 Xxxxxx-Xxxxxx Company 0000 Xxxxx Xxx Xxxxxxxx XX 00000
CTL MORTGAGE LOAN SCHEDULE
SCHEDULED
CONTROL CUT-OFF DATE MONTHLY GROSS REM CONSTRUCTION MATURITY
NUMBER BALANCE PAYMENT (1) RATE TERM BALLOON DEFEASANCE CONSTRUCTION COMPLETION (2) DATE
---------------------------------------------------------------------------------------------------------------------------------
1 9,201,195.07 188,600.00 7.870% 235 No Yes No - 10/10/2017
2 35,340,415.71 678,614.86 7.030% 223 No Yes No - 10/01/2016
3 67,170,088.09 1,241,762.50 6.890% 255 No Yes Yes 8/31/1999 06/10/2019
4 19,791,520.71 146,824.61 7.050% 274 No Yes Yes 8/31/1998 01/10/2021
5 3,449,962.45 24,784.15 6.570% 263 No Yes No - 02/10/2020
6 6,888,745.84 58,630.00 8.610% 259 No Yes No - 10/05/2019
7 12,121,850.51 96,715.75 7.640% 252 No Yes No - 03/05/2019
8 7,091,819.77 56,583.00 7.640% 252 No Yes No - 03/05/2019
9 5,009,996.97 42,640.00 8.610% 259 No Yes No - 10/05/2019
10 5,732,592.69 48,790.00 8.610% 259 No Yes No - 10/05/2019
11 8,275,356.41 66,026.00 7.640% 252 No Yes No - 03/05/2019
12 5,661,718.21 45,172.75 7.640% 252 No Yes No - 03/05/2019
13 5,464,462.52 43,598.92 7.640% 252 No Yes No - 03/05/2019
14 9,557,521.11 76,255.92 7.640% 252 No Yes No - 03/05/2019
15 3,343,954.14 26,680.17 7.640% 252 No Yes No - 03/05/2019
16 1,876,468.15 14,836.40 7.190% 220 No Yes No - 07/01/2016
17 17,912,874.88 145,925.57 6.900% 172 No Yes No - 07/01/2012
18 18,109,169.54 142,072.50 7.730% 268 No Yes No - 07/01/2020
19 13,524,712.95 105,848.17 7.700% 268 No Yes No - 07/01/2020
20 13,386,705.68 104,768.08 7.700% 268 No Yes No - 07/01/2020
21 4,719,750.33 35,615.42 7.620% 291 No Yes No - 06/01/2022
24 15,309,448.71 114,840.86 8.350% 299 No Yes No - 02/01/2023
25 2,403,348.19 18,784.89 7.480% 257 No Yes No - 08/10/2019
26 1,229,460.85 9,609.63 7.480% 257 No Yes No - 08/10/2019
27 1,292,169.61 10,099.77 7.480% 257 No Yes No - 08/10/2019
28 3,175,950.15 24,823.65 7.480% 257 No Yes No - 08/10/2019
29 1,667,288.59 13,031.75 7.480% 257 No Yes No - 08/10/2019
30 1,498,986.70 11,716.28 7.480% 257 No Yes No - 08/10/2019
31 1,566,990.92 12,247.81 7.480% 257 No Yes No - 08/10/2019
32 1,268,563.31 9,915.26 7.480% 257 No Yes No - 08/10/2019
33 2,012,010.19 15,726.14 7.480% 257 No Yes No - 08/10/2019
34 1,615,316.60 12,625.53 7.480% 257 No Yes No - 08/10/2019
35 1,635,959.80 12,786.88 7.480% 257 No Yes No - 08/10/2019
36 800,156.51 6,254.13 7.480% 257 No Yes No - 08/10/2019
37 955,606.77 7,469.15 7.480% 257 No Yes No - 08/10/2019
CTL MORTGAGE LOAN SCHEDULE
INITIAL QUARTERLY CAPITALIZED MORTGAGE
CONTROL FEE/ LEASE INTEREST RESERVE ESCROW INTEREST SERVICING LOAN
NUMBER LEASEHOLD TYPE DEPOSIT DEPOSITS RESERVE FEES (3) SELLER SUBSERVICER
------------------------------------------------------------------------------------------------------------------------------------
1 Fee Bondable 0.040% Daiwa GMACCM
2 Leasehold Bondable 0.040% Daiwa GMACCM
3 Fee Bondable $771,336.53 $7,029,458.64 0.040% Daiwa GMACCM
4 Leasehold Bondable $3,730,567.35 0.040% Daiwa GMACCM
5 Fee Bondable 0.040% Daiwa GMACCM
6 Fee Bondable 0.040% Daiwa GMACCM
7 Fee Bondable 0.040% Daiwa GMACCM
8 Fee Bondable 0.040% Daiwa GMACCM
9 Fee Bondable 0.040% Daiwa GMACCM
10 Fee Bondable 0.040% Daiwa GMACCM
11 Fee & Leasehold Bondable 0.040% Daiwa GMACCM
12 Fee Bondable 0.040% Daiwa GMACCM
13 Fee Bondable 0.040% Daiwa GMACCM
14 Fee & Leasehold Bondable 0.040% Daiwa GMACCM
15 Fee Bondable 0.040% Daiwa GMACCM
16 Fee Triple Net 0.040% Daiwa GMACCM
17 Fee Triple Net 0.040% Daiwa GMACCM
18 Fee Bondable 0.040% Daiwa GMACCM
19 Fee Bondable 0.040% Daiwa GMACCM
20 Fee Bondable 0.040% Daiwa GMACCM
21 Leasehold Triple Net 0.040% Daiwa GMACCM
24 Fee Double Net $916.67 0.040% Daiwa GMACCM
25 Fee Bondable 0.040% Daiwa GMACCM
26 Fee Bondable 0.040% Daiwa GMACCM
27 Fee Bondable 0.040% Daiwa GMACCM
28 Fee Bondable 0.040% Daiwa GMACCM
29 Fee Bondable 0.040% Daiwa GMACCM
30 Fee Bondable 0.040% Daiwa GMACCM
31 Fee Bondable 0.040% Daiwa GMACCM
32 Fee Bondable 0.040% Daiwa GMACCM
33 Fee Bondable 0.040% Daiwa GMACCM
34 Fee Bondable 0.040% Daiwa GMACCM
35 Fee Bondable 0.040% Daiwa GMACCM
36 Fee Bondable 0.040% Daiwa GMACCM
37 Fee Bondable 0.040% Daiwa GMACCM
CTL MORTGAGE LOAN SCHEDULE
CONTROL
NUMBER TENANT/GUARANTOR (IF APPLICABLE) ADDRESS CITY STATE ZIP
------------------------------------------------------------------------------------------------------------------------------------
38 Xxxxxx-Xxxxxx Company 00000 XX Xxxxxxx XXX Xxxxxx XX 00000
39 Xxxxxx-Xxxxxx Company 000 Xxxxxxxx Xxxxxx Xxxxxx XX 00000
40 Xxxxxx-Xxxxxx Company 0000 Xxxxxxxx Xxxxxx Xxx Xxxxxxxxx XX 00000
41 Xxxxxx-Xxxxxx Company 0000 Xxxxxxxxxx Xx., XX Xxxxx XX 00000
42 Xxxxxx-Xxxxxx Company 0000 XX Xxxxxxxxx Xxxxx Xxxxxxxxx XX 00000
43 Xxxxxx-Xxxxxx Company 0000 X Xxxxxxxx Xx. Xxxxx Xxxxxxx XX 00000
44 Xxxxxx-Xxxxxx Company South 0000 Xxxxx Xx. Xxxxxx XX 00000
45 Home Depot U.S.A., Inc. 0000 X. Xxxxxx Xxxxxx Xxxxxxx Xxxx XX 00000
48 Kmart Corp. 000 Xxxxxxx Xxxxx Xx Xxxx XX 00000
49 Kmart Corp. Xxxxxxx & Xxxxx Xxxx. Xxxxx XX 00000
50 Kmart Corp. 000 X. Xxxxxxxxxx Xxxx. Xxxxxxxxx XX 00000
51 Kmart Corp. 00000 Xxx Xxxx Xxx. Xxxxxxxx Xxxxxxx XX 00000
52 The Times Mirror Company 00000 Xxxxxxx Xxxx. Xxxxxx Xxxxx XX 00000
53 County of Monroe 00 Xxxx Xxxx Xx. Xxxxxxxxx XX 00000
54 Nine West Group, Inc. 0000-0000 Xxxxxxxxxxx Xxx. Xxxxx Xxxxxx XX 00000
55 Northwestern Human Services, Inc.
a Northwestern Human Services, Inc. 00 Xxxx Xxxx Xxxxxx Xxxxxxxxxxxx XX 00000
b Northwestern Human Services, Inc. 000-00 Xxxx Xxxxxxxxxxx Xxxx Xxxxxxxxxxxx XX 00000
c Northwestern Human Services, Inc. 0000 Xxxxxx Xxx. Xxxxxxxxxxxx XX 00000
d Northwestern Human Services, Inc. 0000 Xxxxxxx Xxxx Xxxxx Xxxxx XX 00000
e Northwestern Human Services, Inc. 00 Xxx Xxxxx Xxxx Xxxxxxxx Xxxxxxx XX 00000
f Northwestern Human Services, Inc. 0000 Xxxxx Xxxxxx Xxxxxxxxxxxx XX 00000
g Northwestern Human Services, Inc. Road 2 Box 283R Xxxxxxx XX 00000
h Northwestern Human Services, Inc. Road 2 Xxx 000 Xxxxxxx XX 00000
i Northwestern Human Services, Inc. 0000 Xxxxxxx Xxxx Xxxxxxxxxxxx XX 00000
j Northwestern Human Services, Inc. 00 Xxxxx Xxxxx Xxxxxx Xxxxxxxxx XX 00000
k Northwestern Human Services, Inc. 0000 Xxxxx Xxxxxx Xxxxxxxxxxxx XX 00000
56 Northwestern Human Services, Inc.
a Northwestern Human Services, Inc. 0000 Xxxxxxx Xxx Xxxxxxxxxxx Xxxxxxxx XX 00000
b Northwestern Human Services, Inc. 0000 Xxxx Xxxx Xx. Xxxxxx Xxxxxxxx XX 00000
c Northwestern Human Services, Inc. 000 Xxxxxxxxxx Xxxx Xxxxx Xxxxx Xxxxxxxx XX 00000
d Northwestern Human Services, Inc. 0000 X. 00xx Xxxxxx Xxxxxxxxxxxx XX 00000
e Northwestern Human Services, Inc. Xxx 0000, Xxxxx 000 Xxxxxxxxxxx XX 00000
f Northwestern Human Services, Inc. 0000 Xxxxxxxx Xxxx Xxxxxx XX 00000
g Northwestern Human Services, Inc. 0000 Xxxxx Xxxxx Xxxxxxxxxx XX 00000
h Northwestern Human Services, Inc. 0000 Xxxxxxxxxxx Xxxx Xxxxx Xxxxxxx XX 00000
i Northwestern Human Services, Inc. 0000 Xxxxx Xxxxxx Xxxxxxxxxxxx XX 00000
j Northwestern Human Services, Inc. 000 Xxxxxxxxxxx Xxxxxx Xxxxxxxxxxxx XX 00000
CTL MORTGAGE LOAN SCHEDULE
CONTROL CUT-OFF DATE MONTHLY GROSS REM CONSTRUCTION MATURITY
NUMBER BALANCE PAYMENT (1) RATE TERM BALLOON DEFEASANCE CONSTRUCTION COMPLETION (2) DATE
--------------------------------------------------------------------------------------------------------------------------------
38 1,691,867.24 13,223.86 7.480% 257 No Yes No - 08/10/2019
39 1,691,867.24 13,223.86 7.480% 257 No Yes No - 08/10/2019
40 1,691,867.24 13,223.86 7.480% 257 No Yes No - 08/10/2019
41 1,714,652.16 13,401.95 7.480% 257 No Yes No - 08/10/2019
42 1,636,373.05 12,790.11 7.480% 257 No Yes No - 08/10/2019
43 1,914,325.06 14,962.62 7.480% 257 No Yes No - 08/10/2019
44 1,229,619.50 9,610.87 7.480% 257 No Yes No - 08/10/2019
45 21,168,826.53 145,645.65 6.960% 235 Insured Yes No - 10/10/2017
48 5,386,097.27 40,895.14 7.810% 300 No Yes No - 03/05/2023
49 7,525,857.47 65,842.03 7.710% 207 No Yes No - 06/05/2015
50 3,046,791.84 23,514.43 7.800% 285 No Yes No - 12/05/2021
51 6,816,611.39 52,958.73 7.790% 279 No Yes No - 06/05/2021
52 3,578,054.58 28,145.02 6.630% 158 No Yes No - 05/01/2011
53 15,884,013.95 120,076.56 6.640% 246 No Yes Yes 9/1/1998 09/01/2018
54 45,888,588.25 420,750.99 9.000% 228 No Yes No - 03/01/2017
55
a 209,085.42 1,663.84 7.400% 115 Tenant Yes No - 10/05/2007
b 1,216,497.00 9,680.51 7.400% 115 Tenant Yes No - 10/05/2007
c 636,760.15 5,067.14 7.400% 115 Tenant Yes No - 10/05/2007
d 826,837.81 6,579.72 7.400% 115 Tenant Yes No - 10/05/2007
e 180,573.77 1,436.95 7.400% 115 Tenant Yes No - 10/05/2007
f 152,062.13 1,210.06 7.400% 115 Tenant Yes No - 10/05/2007
g 123,550.48 983.18 7.400% 115 Tenant Yes No - 10/05/2007
h 133,054.36 1,058.81 7.400% 115 Tenant Yes No - 10/05/2007
i 199,581.54 1,588.21 7.400% 115 Tenant Yes No - 10/05/2007
j 76,031.06 605.03 7.400% 115 Tenant Yes No - 10/05/2007
k 171,069.89 1,361.32 7.400% 115 Tenant Yes No - 10/05/2007
56
a 3,378,049.84 27,277.22 7.460% 112 Tenant Yes No - 07/05/2007
b 159,519.02 1,288.09 7.460% 112 Tenant Yes No - 07/05/2007
c 4,607,284.64 37,203.10 7.460% 112 Tenant Yes No - 07/05/2007
d 75,067.77 606.16 7.460% 112 Tenant Yes No - 07/05/2007
e 215,819.85 1,742.71 7.460% 112 Tenant Yes No - 07/05/2007
f 159,519.02 1,288.09 7.460% 112 Tenant Yes No - 07/05/2007
g 131,368.60 1,060.78 7.460% 112 Tenant Yes No - 07/05/2007
h 159,519.02 1,288.09 7.460% 112 Tenant Yes No - 07/05/2007
i 75,067.77 606.16 7.460% 112 Tenant Yes No - 07/05/2007
j 140,752.08 1,136.55 7.460% 112 Tenant Yes No - 07/05/2007
CTL MORTGAGE LOAN SCHEDULE
CONTROL FEE/ LEASE INTEREST RESEREVE ESCROW INTEREST SERVICING LOAN
NUMBER LEASEHOLD TYPE DEPOSIT DEPOSITS RESERVE FEES (3) SELLER SUBSERVICER
-------------------------------------------------------------------------------------------------------------------------------
38 Fee Bondable 0.040% Daiwa GMACCM
39 Fee Bondable 0.040% Daiwa GMACCM
40 Fee Bondable 0.040% Daiwa GMACCM
41 Fee Bondable 0.040% Daiwa GMACCM
42 Fee Bondable 0.040% Daiwa GMACCM
43 Fee Bondable 0.040% Daiwa GMACCM
44 Fee Bondable 0.040% Daiwa GMACCM
45 Fee Double Net $305,561.70 0.040% Daiwa GMACCM
48 Leasehold Bondable 0.040% Daiwa GMACCM
49 Leasehold Bondable 0.040% Daiwa GMACCM
50 Leasehold Bondable 0.040% Daiwa GMACCM
51 Leasehold Bondable 0.040% Daiwa GMACCM
52 Fee Double Net 0.040% Daiwa GMACCM
53 Fee & Leasehold Double Net 0.040% Daiwa GMACCM
54 Fee & Leasehold Bondable 0.040% Daiwa GMACCM
55 Bondable
a Fee Bondable 0.040% Daiwa GMACCM
b Fee Bondable 0.040% Daiwa GMACCM
c Fee Bondable 0.040% Daiwa GMACCM
d Fee Bondable 0.040% Daiwa GMACCM
e Fee Bondable 0.040% Daiwa GMACCM
f Fee Bondable 0.040% Daiwa GMACCM
g Fee Bondable 0.040% Daiwa GMACCM
h Fee Bondable 0.040% Daiwa GMACCM
i Fee Bondable 0.040% Daiwa GMACCM
j Fee Bondable 0.040% Daiwa GMACCM
k Fee Bondable 0.040% Daiwa GMACCM
56 Bondable
a Fee Bondable 0.040% Daiwa GMACCM
b Fee Bondable 0.040% Daiwa GMACCM
c Fee Bondable 0.040% Daiwa GMACCM
d Fee Bondable 0.040% Daiwa GMACCM
e Fee Bondable 0.040% Daiwa GMACCM
f Fee Bondable 0.040% Daiwa GMACCM
g Fee Bondable 0.040% Daiwa GMACCM
h Fee Bondable 0.040% Daiwa GMACCM
i Fee Bondable 0.040% Daiwa GMACCM
j Fee Bondable 0.040% Daiwa GMACCM
CTL MORTGAGE LOAN SCHEDULE
CONTROL
NUMBER TENANT/GUARANTOR (IF APPLICABLE) ADDRESS CITY STATE ZIP
-----------------------------------------------------------------------------------------------------------------------------------
k Northwestern Human Services, Inc. 0000 Xxxxxx Xxxxxx Xxxxxxxxxxxx XX 00000
l Northwestern Human Services, Inc. 0000 Xxxxxxxxx Xxxx Xxxxxxxxxxxx XX 00000
m Northwestern Human Services, Inc. 0000 Xxxx Xxxxxx Xxxxxxxxxx XX 00000
n Northwestern Human Services, Inc. 00000 Xxxxxxxxxxx Xxxx Xxxxxxxxxxxx XX 00000
o Northwestern Human Services, Inc. 0000 Xxxxx 00xx Xxxxxx Xxxxxxxxxxxx XX 00000
p Northwestern Human Services, Inc. 0000 Xxxxxx Xxx Xxx. Xxxxxxxxxxxx XX 00000
q Northwestern Human Services, Inc. Xxx Xxxxx 000 Xx. #0 Xxxxxxx Xxxxxxxx XX 00000
r Northwestern Human Services, Inc. 000 Xxxxxxxxx Xxxx Xxxxxxxxxxx Xxxxxxxx XX 00000
s Northwestern Human Services, Inc. 000 Xxxx Xxxxxxxxxxx Xxxx Xxxxxxxxxxxx XX 00000
t Northwestern Human Services, Inc. 000 Xxxxxx Xxxxxx Xxxxxxx XX 00000
u Northwestern Human Services, Inc. 000-00 Xxxxx 00xx Xxxxxx Xxxxxxxxxxxx XX 00000
v Northwestern Human Services, Inc. 0000-00 Xxxxx Xxxxxx Xxxxxxxxxxxx XX 00000
w Northwestern Human Services, Inc. Xxxxx 0 Xxx 000x-0 Xxxxxxxxxxx Xxxxxxxx XX 00000
x Northwestern Human Services, Inc. 000 X. Xxxxxx Xxxxxx Xxxxxxxxxxxx XX 00000
y Northwestern Human Services, Inc. 0000 Xxxxxxx Xxx. Xxxxxxxxxxxx XX 00000
z Northwestern Human Services, Inc. 0 Xxxxxxxxxx Xxxx Xxxxxxxxx XX 00000
aa Northwestern Human Services, Inc. 00 Xxxxx Xxxxxx Xxxx Xxxxxxxxx XX 00000
bb Northwestern Human Services, Inc. 00 Xxxxxxx-Xxxxxxxx Xxxx Xxxxxxxxxxx XX 00000
57 Northwestern Human Services, Inc. Coal Xxxxxxxx Xxxxxxxxxxxxxx XX 00000
58 Office Depot, Inc. 0000-0000 Xxxxx Xxxx Xx. Xxxxxxxx XX 00000
59 The Xxxxx Corporation (Price
Chopper) 000 Xxxxxxx Xx. Xxxxxxxx XX 00000
60 The Xxxxx Corporation (Price
Chopper) Xxx 0, Xxxxx Xxxx Xx. Xx. Xxxxxx VT 05478
61 Q Clubs Inc. 0000 Xxxx Xxxxxxxx Xxxx. Xxxxx Xxxxxxx XX 00000
62 Q Clubs Inc. 000 Xxxx Xxxxxx Xx. Xxxxxxxxxx XX 00000
64 Q Clubs Inc. 0000 Xxxxxxxx Xxxxxx Xxxxxxxx XX 00000
65 Q Clubs Inc. 0000 Xxxx Xxxxxxxx Xx. Xxxxxxxxxx XX 00000
66 Q Clubs Inc. 0000 X. Xxxx Xxxx. Xxxxx XX 00000
67 Q Clubs Inc. 0000 X. Xxxxxx Xx Xxxxxx Xxxxx XX 00000
68 Rite Aid Corporation 0000 Xxxxxx Xxxxxx Xxxxxxxxx XX 00000
69 Rite Aid Corporation 0000 Xxx Xxxxx Xxxx. Xxx Xxxxx XX 00000
70 Rite Aid Corporation 0000 X Xxxxxx Xxxxxx XX 00000
74 Rite Aid Corporation 0000 Xxxxxx Xxxx Xxxx Xxxxxxx XX 00000
75 Rite Aid Corporation 0000 Xxxx Xx. Xxxxxxxxx XX 0000
76 Rite Aid Corporation 0000 X. Xxxxxxxxx Xxxx. Xxxxxxxx XX 00000
77 Rite Aid Corporation 000 Xxxx Xxx. Xxxxxxxxx XX 00000
78 Rite Aid Corporation 000 Xxxxxxx Xx. Xxxxxxxxxxxx XX 00000
79 Rite Aid Corporation 00000 Xxxx X. Xxxx Xxxxxxx Xxxx. XX 00000
80 Rite Aid Corporation 000 Xxxxxx Xxxxxxx XXX Xxxxxxxxx XX 00000
CTL MORTGAGE LOAN SCHEDULE
CONTROL CUT-OFF DATE MONTHLY GROSS REM CONSTRUCTION MATURITY
NUMBER BALANCE PAYMENT (1) RATE TERM BALLOON DEFEASANCE CONSTRUCTION COMPLETION (2) DATE
-------------------------------------------------------------------------------------------------------------------------------
k 168,902.49 1,363.86 7.460% 112 Tenant Yes No - 07/05/2007
l 178,285.96 1,439.63 7.460% 112 Tenant Yes No - 07/05/2007
m 131,368.60 1,060.78 7.460% 112 Tenant Yes No - 07/05/2007
n 394,105.81 3,182.34 7.460% 112 Tenant Yes No - 07/05/2007
o 75,067.77 606.16 7.460% 112 Tenant Yes No - 07/05/2007
p 178,285.96 1,439.63 7.460% 112 Tenant Yes No - 07/05/2007
q 534,857.89 4,318.89 7.460% 112 Tenant Yes No - 07/05/2007
r 1,660,874.50 13,411.30 7.460% 112 Tenant Yes No - 07/05/2007
s 487,940.53 3,940.04 7.460% 112 Tenant Yes No - 07/05/2007
t 225,203.32 1,818.48 7.460% 112 Tenant Yes No - 07/05/2007
u 234,586.79 1,894.25 7.460% 112 Tenant Yes No - 07/05/2007
v 450,406.64 3,636.96 7.460% 112 Tenant Yes No - 07/05/2007
w 112,601.66 909.24 7.460% 112 Tenant Yes No - 07/05/2007
x 722,527.33 5,834.29 7.460% 112 Tenant Yes No - 07/05/2007
y 84,451.25 681.93 7.460% 112 Tenant Yes No - 07/05/2007
z 365,955.40 2,955.03 7.460% 112 Tenant Yes No - 07/05/2007
aa 319,038.04 2,576.18 7.460% 112 Tenant Yes No - 07/05/2007
bb 581,775.25 4,697.74 7.460% 112 Tenant Yes No - 07/05/2007
57 14,135,554.35 109,041.52 7.140% 135 Tenant Yes Yes 5/31/1999 06/05/2009
58 4,488,420.74 34,768.82 8.818% 229 No Yes No - 04/01/2017
59 5,544,666.27 39,120.92 7.571% 282 No Yes No - 09/01/2021
60 6,067,932.30 43,956.25 7.950% 295 No Yes No - 10/01/2022
61 8,476,307.61 73,864.51 8.760% 250 No Yes No - 01/10/2019
62 8,217,471.25 71,608.95 8.760% 250 No Yes No - 01/10/2019
64 6,546,935.03 57,051.51 8.760% 250 No Yes No - 01/10/2019
65 7,017,113.02 61,148.75 8.760% 250 No Yes No - 01/10/2019
66 7,588,356.71 66,126.70 8.760% 250 No Yes No - 01/10/2019
67 5,841,894.12 50,907.62 8.760% 250 No Yes No - 01/10/2019
68 4,669,039.90 32,352.06 6.739% 261 Insured Yes No - 12/10/2019
69 4,072,992.28 28,222.01 6.739% 261 Insured Yes No - 12/10/2019
70 3,278,262.61 22,715.28 6.739% 261 Insured Yes No - 12/10/2019
74 3,377,603.64 23,403.62 6.739% 261 Insured Yes No - 12/10/2019
75 2,880,897.05 19,961.91 6.739% 261 Insured Yes No - 12/10/2019
76 3,973,651.25 27,533.67 6.739% 261 Insured Yes No - 12/10/2019
77 2,284,849.43 15,831.86 6.739% 261 Insured Yes No - 12/10/2019
78 2,066,298.88 14,317.51 6.739% 261 Insured Yes No - 12/10/2019
79 2,831,226.53 19,617.74 6.739% 261 Insured Yes No - 12/10/2019
80 2,036,495.42 14,111.00 6.739% 261 Insured Yes No - 12/10/2019
CTL MORTGAGE LOAN SCHEDULE
CONTROL FEE/ LEASE INTEREST RESEREVE ESCROW INTEREST SERVICING LOAN
NUMBER LEASEHOLD TYPE DEPOSIT DEPOSITS RESERVE FEES (3) SELLER SUBSERVICER
----------------------------------------------------------------------------------------------------------------------------
k Fee Bondable 0.040% Daiwa GMACCM
l Fee Bondable 0.040% Daiwa GMACCM
m Fee Bondable 0.040% Daiwa GMACCM
n Fee Bondable 0.040% Daiwa GMACCM
o Fee Bondable 0.040% Daiwa GMACCM
p Fee Bondable 0.040% Daiwa GMACCM
q Fee Bondable 0.040% Daiwa GMACCM
r Fee Bondable 0.040% Daiwa GMACCM
s Fee Bondable 0.040% Daiwa GMACCM
t Fee Bondable 0.040% Daiwa GMACCM
u Fee Bondable 0.040% Daiwa GMACCM
v Fee Bondable 0.040% Daiwa GMACCM
w Fee Bondable 0.040% Daiwa GMACCM
x Fee Bondable 0.040% Daiwa GMACCM
y Fee Bondable 0.040% Daiwa GMACCM
z Fee Bondable 0.040% Daiwa GMACCM
aa Fee Bondable 0.040% Daiwa GMACCM
bb Fee Bondable 0.040% Daiwa GMACCM
57 Fee Bondable $1,266,198.16 0.040% Daiwa GMACCM
58 Fee Double Net $12,395.45 0.040% Daiwa GMACCM
59 Fee Bondable 0.040% Daiwa GMACCM
60 Fee Triple Net $44,767.89 0.040% Daiwa GMACCM
61 Fee Bondable 0.040% Daiwa GMACCM
62 Fee Bondable 0.040% Daiwa GMACCM
64 Fee Bondable 0.040% Daiwa GMACCM
65 Fee Bondable 0.040% Daiwa GMACCM
66 Fee Bondable 0.040% Daiwa GMACCM
67 Fee Bondable 0.040% Daiwa GMACCM
68 Fee Bondable 0.040% Daiwa GMACCM
69 Fee Bondable 0.040% Daiwa GMACCM
70 Fee Bondable 0.040% Daiwa GMACCM
74 Fee Bondable 0.040% Daiwa GMACCM
75 Fee Bondable 0.040% Daiwa GMACCM
76 Fee & Leasehold Bondable 0.040% Daiwa GMACCM
77 Fee & Leasehold Bondable 0.040% Daiwa GMACCM
78 Fee & Leasehold Bondable 0.040% Daiwa GMACCM
79 Fee Bondable 0.040% Daiwa GMACCM
80 Fee Bondable 0.040% Daiwa GMACCM
CTL MORTGAGE LOAN SCHEDULE
CONTROL
NUMBER TENANT/GUARANTOR (IF APPLICABLE) ADDRESS CITY STATE ZIP
----------------------------------------------------------------------------------------------------------------------------
81 Rite Aid Corporation 00 Xxx Xx. Xxxxxxx XX 00000
82 Rite Aid Corporation 000 Xxxxxxxxxx Xxx. Xxxxxxxx XX 00000
83 Rite Aid Corporation 0000 X. Xxxx Xxxx Xxxx. Xxx Xxxxx XX 00000
84 Rite Aid Corporation 000 Xxxxxxx Xxx. Xxxxxxxxx XX 00000
85 Rite Aid Corporation 0000-00 00xx Xx. Xxxxxxxx XX 00000
86 Rite Aid Corporation Xx 0 X & Xxxxxxxxxxx Xxxxxxxx XX 00000
87 Rite Aid Corporation XXX Xx 0 & 00 Xxxxxxxxx XX 00000
88 Rite Aid Corporation 0 Xxxxxxx Xxx. Xxxxxx XX 00000
89 Rite Aid Corporation X. 00xx & Xxxxxxx Xxxxxxxxx XX 00000
90 Rite Aid Corporation Xxxxx & Xxxxx Xxx. Xxxxxx XX 00000
91 Rite Aid Corporation 00000 Xxxxxx Xxxxx Xxxx X. Xxxxxxxxxx XX 00000
92 Rite Aid Corporation 00000 Xxxxxxx Xxxxxxxxx Xxxxxxxx XX 00000
93 Rite Aid Corporation 00 "X" Xxxxxx Xxxx Xxxxxx XX 00000
94 Rite Aid Corporation 000 Xxxxxxx Xx, X.X. Xxxxx XX 00000
95 Rite Aid Corporation 0000 Xxxxxxx Xxxx Xxxxxx Xxxx XX 00000
96 Rite Aid Corporation 0000 Xxxxxx Xxx Xxxxxx Xxxxxxxxxxxx XX 00000
97 Rite Aid Corporation 000 X. Xxx Xxx. Xxxxxxxxxxx XX 00000
98 Rite Aid Corporation 0000 X. 0000 Xxxx Xxxx Xxxxxx XX 00000
99 Rite Aid Corporation 0000 Xxxxxxx Xxx, X.X. Xxxxxxx XX 00000
100 Rite Aid Corporation 0000 X Xxxxxxx Xx. Xxxxxxxx XX 00000
101 Rite Aid Corporation 0000 Xxxxxxxxxxxx Xxxx. Xxxxxxxx Xxxxx XX 00000
102 Rite Aid Corporation 0 Xxxxx Xxxxxx Xx. Xxxxx Xxxxxxxx XX 00000
103 Rite Aid Corporation XX Xx 0 Xxxxxxxxxx XX 00000
104 Rite Aid Corporation 000 X. Xxxx Xxxxxx Xxxxxxxxxx XX 00000
105 Rite Aid Corporation 0000 Xxxxx Xxx. Xxxxxxx XX 00000
106 Rite Aid Corporation 0000 Xxxxxxxxxx Xxx. Xxxxxx XX 00000
107 Rite Aid Corporation 0000 X. XxXxxx Xxx Xxxxx XX 00000
108 Rite Aid Corporation 0000 Xxxxxxx Xxx. Xxxxxxxxx XX 00000
109 Rite Aid Corporation 000 XX 00 Xxxxx Xxxxxxxx Xxxx XX 00000
110 Rite Aid Corporation 0 Xxxx Xxx. Xxx Xxxxxxx Xxxxx XX 00000
111 Rite Aid Corporation 00-00 Xxxx Xxxx Xxxxxx Xxxxxxxxx XX 00000
112 Rite Aid Corporation 0000 Xxx Xxxxxxx Xxx. Xxxxxxxxxxx XX 00000
113 Time Warner Entertainment, L.P. XX Xxxxxxx 00 Xxxxxxxxxx XX 00000
----------
(1) Control Numbers 1, 2, and 3 are quarterly-pay loans.
(2) The date upon which construction is scheduled to be completed pursuant to
the terms of the Credit Lease and related documents.
(3) Servicing Fees include Primary and Master Servicing.
CTL MORTGAGE LOAN SCHEDULE
CONTROL CUT-OFF DATE MONTHLY GROSS REM CONSTRUCTION MATURITY
NUMBER BALANCE PAYMENT (1) RATE TERM BALLOON DEFEASANCE CONSTRUCTION COMPLETION (2) DATE
------------------------------------------------------------------------------------------------------------------------------
81 2,334,519.95 16,176.03 6.739% 261 Insured Yes No - 12/10/2019
82 4,271,674.34 29,598.69 6.739% 261 Insured Yes No - 12/10/2019
83 4,967,062.98 34,417.08 6.739% 261 Insured Yes No - 12/10/2019
84 3,576,285.69 24,780.30 6.739% 261 Insured Yes No - 12/10/2019
85 3,079,579.11 21,338.59 6.739% 261 Insured Yes No - 12/10/2019
86 2,433,860.98 16,864.37 6.739% 261 Insured Yes No - 12/10/2019
87 1,887,483.88 13,078.49 6.739% 261 Insured Yes No - 12/10/2019
88 2,086,167.38 14,455.18 6.739% 261 Insured Yes No - 12/10/2019
89 2,607,708.50 18,068.97 6.739% 261 Insured Yes No - 12/10/2019
90 2,731,885.51 18,929.40 6.739% 261 Insured Yes No - 12/10/2019
91 2,607,708.50 18,068.97 6.739% 261 Insured Yes No - 12/10/2019
92 3,029,908.59 20,994.42 6.739% 261 Insured Yes No - 12/10/2019
93 2,384,190.46 16,520.20 6.739% 261 Insured Yes No - 12/10/2019
94 6,059,817.18 41,988.84 6.739% 261 Insured Yes No - 12/10/2019
95 2,627,576.99 18,206.64 6.739% 261 Insured Yes No - 12/10/2019
96 2,548,103.02 17,655.96 6.739% 261 Insured Yes No - 12/10/2019
97 1,927,220.86 13,353.83 6.739% 261 Insured Yes No - 12/10/2019
98 3,377,603.64 23,403.62 6.739% 261 Insured Yes No - 12/10/2019
99 2,582,872.52 17,896.88 6.739% 261 Insured Yes No - 12/10/2019
100 2,384,190.46 16,520.20 6.739% 261 Insured Yes No - 12/10/2019
101 2,880,897.05 19,961.91 6.739% 261 Insured Yes No - 12/10/2019
102 1,907,352.37 13,216.16 6.739% 261 Insured Yes No - 12/10/2019
103 1,639,131.30 11,357.64 6.739% 261 Insured Yes No - 12/10/2019
104 3,377,603.64 23,403.62 6.739% 261 Insured Yes No - 12/10/2019
105 2,582,872.52 17,896.88 6.739% 261 Insured Yes No - 12/10/2019
106 4,172,333.31 28,910.35 6.739% 261 Insured Yes No - 12/10/2019
107 1,241,765.75 8,604.27 6.739% 261 Insured Yes No - 12/10/2019
108 1,689,673.43 12,779.46 7.050% 256 No Yes No - 07/10/2019
109 1,575,114.51 12,880.08 7.253% 223 No No No - 10/10/2016
110 1,826,132.74 15,271.75 7.620% 225 No Yes No - 12/01/2016
111 2,688,537.94 19,803.55 7.670% 238 No Yes No - 01/01/2018
112 1,681,245.78 13,476.46 7.740% 254 No Yes No - 05/10/2019
113 3,055,623.03 28,169.58 7.360% 180 No Yes Yes 4/1/1998 03/10/2013
CTL MORTGAGE LOAN SCHEDULE
CONTROL FEE/ LEASE INTEREST RESERVE ESCROW INTEREST SERVICING LOAN
NUMBER LEASEHOLD TYPE DEPOSIT DEPOSITS RESERVE FEES (3) SELLER SUBSERVICER
------------------------------------------------------------------------------------------------------------------------------
81 Fee Bondable 0.040% Daiwa GMACCM
82 Fee Bondable 0.040% Daiwa GMACCM
83 Fee Bondable 0.040% Daiwa GMACCM
84 Fee Bondable 0.040% Daiwa GMACCM
85 Fee Bondable 0.040% Daiwa GMACCM
86 Fee Bondable 0.040% Daiwa GMACCM
87 Fee Bondable 0.040% Daiwa GMACCM
88 Fee Bondable 0.040% Daiwa GMACCM
89 Fee Bondable 0.040% Daiwa GMACCM
90 Fee & Leasehold Bondable 0.040% Daiwa GMACCM
91 Fee & Leasehold Bondable 0.040% Daiwa GMACCM
92 Fee & Leasehold Bondable 0.040% Daiwa GMACCM
93 Fee Bondable 0.040% Daiwa GMACCM
94 Fee Bondable 0.040% Daiwa GMACCM
95 Fee Bondable 0.040% Daiwa GMACCM
96 Fee Bondable 0.040% Daiwa GMACCM
97 Fee & Leasehold Bondable 0.040% Daiwa GMACCM
98 Fee Bondable 0.040% Daiwa GMACCM
99 Fee & Leasehold Bondable 0.040% Daiwa GMACCM
100 Fee & Leasehold Bondable 0.040% Daiwa GMACCM
101 Fee Bondable 0.040% Daiwa GMACCM
102 Fee Bondable 0.040% Daiwa GMACCM
103 Fee Bondable 0.040% Daiwa GMACCM
104 Fee Bondable 0.040% Daiwa GMACCM
105 Fee Bondable 0.040% Daiwa GMACCM
106 Fee Bondable 0.040% Daiwa GMACCM
107 Fee Bondable 0.040% Daiwa GMACCM
108 Fee Bondable 0.040% Daiwa GMACCM
109 Fee Double Net $2,236.28 0.040% Daiwa GMACCM
110 Fee Double Net $2,580.20 0.040% Daiwa GMACCM
111 Fee Triple Net 0.040% Daiwa GMACCM
112 Fee Bondable 0.040% Daiwa GMACCM
113 Fee Bondable $19,061.91 0.040% Daiwa GMACCM
EXHIBIT B
FORM OF CERTIFICATE OF AN OFFICER OF
DAIWA FINANCE CORP.
I, ______________________, hereby certify that I am an authorized signatory
of Daiwa Finance Corp., a New York corporation (the "Seller"), and that, based
upon information provided to me by appropriate officers, certify further as
follows, to the best of my knowledge:
1. The representations and warranties of the Seller in the Mortgage
Loan Purchase Agreement, dated as of March 1, 1998 (the "MLPA") are true
and correct in all material respects at and as of the Closing Date with the
same effect as if made on such date.
2. The Seller has, in all material aspects, complied with all the
agreements and satisfied all the conditions on its part that are required
under the MLPA to be performed or satisfied at or prior to the date hereof.
IN WITNESS WHEREOF, I have executed this Certificate as of __________,
1998.
DAIWA FINANCE CORP.
By: __________________________________
Name:
Title:
I, ______________________, a ________________ of the Seller, hereby certify
that ______________________ is an authorized signatory of the Seller and that
the signature appearing above is his genuine signature.
IN WITNESS WHEREOF, I have executed this Certificate as of __________,
1998.
By: __________________________________
Name:
Title:
B-1
EXHIBIT C
FORM OF LEGAL OPINION
1. The Mortgage Loan Seller is a New York corporation duly organized,
validly existing and in good standing under the laws of the State of New York,
with full corporate power and authority to own its assets and conduct its
business as presently conducted by it, to own the Mortgage Loans, and enter into
and perform its obligations under the Mortgage Loan Purchase Agreement.
2. The Mortgage Loan Purchase Agreement has been duly authorized, executed
and delivered by the Mortgage Loan Seller and constitutes the legal, valid and
binding obligations of the Mortgage Loan Seller, enforceable against the
Mortgage Loan Seller in accordance with the terms of the Mortgage Loan Purchase
Agreement, except as such enforcement may be limited by bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting the enforcement of
creditors rights generally, and by general principles of equity (regardless of
whether such enforceability is considered in a proceeding in equity or at law),
and except to the extent rights to indemnity and contribution may be limited by
applicable law.
3. The execution and delivery of the Mortgage Loan Purchase Agreement by
the Mortgage Loan Seller and the performance of its obligations under the
Mortgage Loan Purchase Agreement will not conflict with any provision of any
federal or State of New York law or regulation to which the Mortgage Loan Seller
is subject, or conflict with, result in a breach of or constitute a default
under any of the terms, conditions or provisions of any of the Mortgage Loan
Seller's organizational documents, or, to our knowledge, any agreement or
instrument to which the Mortgage Loan Seller is a party or by which it is bound,
or any order of a federal or State of New York court, regulatory body,
administrative agency or government body having jurisdiction over the Mortgage
Loan Seller.
4. There is no action, suit, proceeding or investigation pending or
threatened, against the Mortgage Loan Seller in any court or by or before any
other governmental agency or instrumentality which would materially and
adversely affect the validity of the Mortgage Loans or the ability of the
Mortgage Loan Seller to carry out the transactions contemplated by this
Agreement.
5. No consent, approval, authorization or order of any court or
governmental agency or body is required for the execution, delivery and
performance by the Mortgage Loan Seller of or compliance by the Mortgage Loan
Seller with the Mortgage Loan Purchase Agreement or the consummation of the
transactions contemplated by the Mortgage Loan Purchase Agreement, other than
those which have been obtained by the Mortgage Loan Seller.
C-1
XXXXXXX XXXXX MORTGAGE INVESTORS, INC. 1998-C1-CTL
SCHEDULE I
(i) Immediately prior to the sale, transfer and assignment of the Mortgage
Loans to the Company, the Mortgage Loan Seller had good and marketable title to,
and was the sole owner of, each Mortgage Loan;
(ii) The Mortgage Loan Seller is transferring such Mortgage Loan free and
clear of any and all liens, pledges, charges or security interests of any nature
encumbering such Mortgage Loan, and none of the Mortgage Note, the Mortgage or
any other related loan document prohibits such transfer;
(iii) Each related Mortgage Note, Mortgage, Assignment of Leases (if any)
and other agreement executed in connection with such Mortgage Loan is, a valid
and binding obligation of the related Mortgagor (subject to any non-recourse
provisions therein and any state anti-deficiency legislation), enforceable in
accordance with its terms, except as such enforcement may be limited by
bankruptcy, insolvency, reorganization, moratorium or other laws affecting the
enforcement of creditors' rights generally, or by general principles of equity
(regardless of whether such enforcement is considered in a proceeding in equity
or at law), and any lost note affidavit included in the Mortgage File in lieu of
a Mortgage Note does not impair the ability of the holder thereof to enforce the
terms of such Mortgage Note;
(iv) Each related Assignment of Leases, or, if none, the assignment of
leases and rents contained in the related Mortgage creates a valid, collateral
or first priority assignment of, or a valid first priority security interest in,
and, except for Mortgage Loan control number 21, the right to receive all
payments due under the related leases, and no other person owns any interest
therein superior to or of equal priority with the interest created under such
assignment, subject to applicable bankruptcy, insolvency, reorganization,
moratorium, and other laws affecting the enforcement of creditors' rights
generally, and by the application of the rules of equity;
(v) Each related assignment of Mortgage from the Mortgage Loan Seller to
the Trustee and any related assignment of Assignment of Leases, if any, and
assignment of any other agreement executed in connection with such Mortgage
Loan, from the Mortgage Loan Seller to the Trustee constitutes the legal, valid
and binding assignment from the Mortgage Loan Seller to the Trustee, except as
such enforcement may be limited by bankruptcy, insolvency, reorganization,
liquidation, receivership, moratorium or other laws relating to or affecting
creditors' rights generally or by general principles of equity (regardless of
whether such enforcement is considered in a proceeding in equity or at law);
(vi) Since origination, such Mortgage Loan has not been modified, altered,
satisfied, canceled, subordinated or rescinded, except, in each of the foregoing
instances, by written instruments that are a part of the related Mortgage File,
and, if required, recorded in the applicable public recording office if
necessary to maintain the priority of the lien of the related Mortgage and
security agreements and delivered to the Company, and no material portion of the
related Mortgaged Property has been released from the lien of the related
Mortgage, in each case, in any manner which materially and adversely affects the
value of the Mortgage Loan or materially interferes with the security intended
to be provided by such Mortgage, and none of the related Mortgages contain terms
which provide for release of any portion of the Mortgaged Property from the lien
of the Mortgage in any manner which materially and adversely affects the
security provided by the Mortgaged Property;
(vii) Each related Mortgage is a valid first lien on the related Mortgaged
Property (subject to the matters described in clause (viii) below), and such
Mortgaged Property is free and clear of any mechanics' and materialmen's liens
which are prior to or equal with the lien of the related Mortgage, except those
which are insured against by a lender's title insurance policy (as described in
clause (viii) below);
(viii) The lien of each related Mortgage as a first priority lien in the
outstanding principal amount of such Mortgage Loan (as set forth on the Mortgage
Loan Schedule) after all advances of principal is insured by an ALTA lender's
title insurance policy (or a binding commitment therefor), or its equivalent as
adopted in the applicable jurisdiction, insuring the Mortgage Loan Seller, its
successors and assigns, subject only to (a) the lien of current real property
taxes, ground rents, water charges, sewer rents and assessments not yet due and
payable, (b) covenants, conditions and restrictions, rights of way, easements
and other matters of public record, none of which, individually or in the
aggregate, materially interferes with the current use of the Mortgaged Property
or the security intended to be provided by such Mortgage or with the Mortgagor's
ability to pay its obligations when they become due or materially and adversely
affects the value of the Mortgaged Property, and (c) the exclusions and
exceptions (general and specific) set forth in such policy, all of which are
generally acceptable to reasonably prudent mortgage lenders; the original holder
of the Mortgage, and/or its successor or assigns, are the sole named insureds
under such policy; such policy is assignable to the Company and the Trustee
without the consent of or any notification to the insurer, and is now in full
force and effect and will remain so upon the consummation of the transactions
contemplated by this Agreement; no claims have been made under such policy, and
the Mortgage Loan Seller has not done anything, by act or omission, and the
Mortgage Loan Seller has no knowledge of any matter, which would impair or
diminish the coverage of such policy;
-2-
(ix) The proceeds of such Mortgage Loan have been fully disbursed and there
is no requirement for future advances thereunder and the Mortgage Loan Seller
covenants that it will not make any future advances under the Mortgage Loan to
the related Mortgagor;
(x) The Mortgage Loan Seller has received no notice of any proceeding
pending, nor to the Mortgage Loan Seller's knowledge, is any proceeding
threatened, for the total or partial condemnation of all or any material portion
of such Mortgaged Property, and, to the Mortgage Loan Seller's knowledge, each
related Mortgaged Property is free and clear of any material damage that would
affect materially and adversely the value of such Mortgaged Property as security
for the Mortgage Loan.
(xi) Except as indicated on Exhibit I-XI(A) attached hereto, the related
Mortgagor has represented to the Mortgagee or the Tenant under the related
Credit Lease has covenanted that, as of the date of origination of such Mortgage
Loan, and, to the Mortgage Loan Seller's knowledge, such Mortgagor and the
lessee and/or operator of the related Mortgaged Property was in possession of
all material licenses, permits and other authorizations necessary and required
by all applicable laws for the conduct of its business and all such licenses,
permits and authorizations were valid and in full force and effect, with the
exception of Mortgage Loans listed in Exhibit I-XI(B), which are Construction
Loans for which all material licenses, permits and other authorizations may not
be issued or available until the completion of construction but for which the
related Mortgagor is required to procure pursuant to the terms of the Mortgage
Loan or the Tenant is required to procure pursuant to the terms of the related
Credit Lease;
(xii) The Mortgage Loan does not have a shared appreciation feature, other
contingent interest feature or provide for hyper-amortization, a negative
amortization feature, or any negative amortization which is continuing as of or
arises after the Cut-Off Date;
(xiii) The Mortgage Loan is a whole loan and no other party holds a
participation interest in such Mortgage Loan;
(xiv) The Mortgage Rate (exclusive of any default interest, late charges,
prepayment premiums or defeasance deposits) of each Mortgage Loan complied as of
the date of origination with, or such Mortgage Loan is exempt from, applicable
state or federal laws, regulations and other requirements pertaining to usury;
any and all other requirements of any federal, state or local laws, including,
without limitation, truth-in-lending, real estate settlement procedures, equal
credit opportunity or disclosure laws, applicable to each Mortgage Loan have
been complied with as of the date of origination of such Mortgage Loan;
-3-
(xv) All taxes and governmental assessments which would be a lien on the
Property and that prior to the Cut-Off Date became due and owing in respect of
each related Mortgaged Property have been paid, or an escrow of funds in an
amount sufficient to cover such payments has been established or the Tenant
under the Credit Lease is required to pay all such taxes, assessments or other
charges;
(xvi) All escrow deposits (other than escrow reserves for funding
construction) and payments required pursuant to the Mortgage Loan are in the
possession, or under the control, of the Mortgage Loan Seller or its agent and
all amounts required to be deposited by the Borrower under the Loan Documents as
of the date hereof have been deposited and all such escrows and deposits have
been conveyed by the Mortgage Loan Seller to the Company and identified as such
with appropriate detail;
(xvii) As of the date of its origination, each related Mortgaged Property
is insured by a fire and extended perils insurance policy in an amount not less
than the lesser of (A) the outstanding principal balance of the Mortgage Loan
and (B) the replacement cost of the related Mortgaged Property, and in all
events the amount necessary to avoid the operation of any co-insurance
provisions with respect to the Mortgaged Property; with respect to each related
Mortgaged Property, in the event a Tenant may, pursuant to the terms of the
Credit Lease, offset rent in the event of any casualty, the Mortgagor shall
maintain business interruption insurance (or loss of rents insurance) and
comprehensive general liability insurance in amounts generally required by
institutional lenders for similar properties; all premiums on such insurance
policies required to be paid as of the date hereof have been paid; such
insurance policies require prior notice to the insured and to the Mortgagee of
termination or cancellation, and no such notice has been received; each related
Mortgage or loan agreement obligates the related Mortgagor to maintain a fire
and extended perils insurance and, at such Mortgagor's failure to do so,
authorizes the Mortgagee to maintain such insurance at the Mortgagor's cost and
expense and to seek reimbursement therefor from such Mortgagor, provided,
however, the obligation of the Mortgagor pursuant to the Mortgage or loan
agreement to maintain such insurances is waived so long as the Tenant under the
related Credit Lease is complying with such requirements through a program of
Tenant self-insurance;
(xviii) Each Mortgage provides that any insurance proceeds in respect of a
casualty, other than business interruption/rental income insurance, and any
condemnation awards (or condemnation proceeds) or insurance proceeds, will be
applied either to the repair or restoration of the Mortgaged Property or to the
repayment of the outstanding principal balance of the Mortgage Loan, except in
the instance of any claims paid pursuant to any special risk
casualty/condemnation insurance policies under which the lender is the named
insured (as opposed to merely
-4-
loss payee), in which case such proceeds may be applied at the discretion of the
holder of the related Mortgage Note;
(xix) (A) To the Mortgage Loan Seller's knowledge, there is no material
default, breach, violation or event of acceleration existing under the related
Mortgage or the related Mortgage Note, and no event (other than payments due but
not yet delinquent) which, with the passage of time or with notice and the
expiration of any grace or cure period, would constitute a material default,
breach, violation or event of acceleration, and (B) the Mortgage Loan Seller has
not waived in writing any material default, breach, violation or event of
acceleration of any of the foregoing, and, pursuant to the terms of the related
Mortgage or the related Mortgage Note, no person or party other than the holder
of such Mortgage Note may declare any event of default or accelerate the related
indebtedness under either of such Mortgage or Mortgage Note;
(xx) No Monthly Payment on such Mortgage Loan has been more than 30 days
delinquent from the later of one year prior to the Cut-off Date, the date of
origination of such Mortgage Loan or, if applicable, the date of acquisition by
the Mortgage Loan Seller of such Mortgage Loan, through the Cut-off Date;
(xxi) Each related Mortgage contains customary and enforceable provisions
such as to render the rights and remedies of the holder thereof adequate for the
realization against the Mortgaged Property of the benefits of the security,
including realization by judicial or, if applicable, non-judicial foreclosure,
subject to the effects of bankruptcy or other law affecting the right of
creditors generally and the application of principles of equity, and there is no
exemption available to the Mortgagor which would interfere with such right to
foreclose;
(xxii) Except as indicated on Exhibit I-XXII attached hereto, one or more
environmental site assessments were performed by an environmental consulting
firm independent of the Mortgage Loan Seller and the Mortgage Loan Seller's
affiliates with respect to related Mortgaged Property during the 14 months prior
to the origination date and the Mortgage Loan Seller, having made no independent
inquiry other than to review the report(s) prepared in connection with the
assessments referred to herein, has no knowledge of any material and adverse
environmental condition or circumstance affecting such Mortgaged Property that
was not disclosed in such report(s); in each case where the report disclosed a
condition, either (a) the recommended action has been taken, including
implementation of an O&M agreement, (b) funds sufficient to pay for such
recommended action have been escrowed, or (c) the Tenant under a Credit Lease
Loan has the obligation to remedy such condition;
(xxiii) Each related Mortgage, Mortgage Note or loan agreement contains
provisions for the acceleration of the
-5-
payment of the unpaid principal balance of such Mortgage Loan if, without
complying with the requirements of the Mortgage or loan agreement, as
applicable, the related Mortgaged Property, or any controlling interest therein,
is directly or indirectly transferred or sold or is encumbered in connection
with subordinate financing (other than any existing subordinate debt);
(xxiv) Each Mortgage Loan constitutes a "qualified mortgage" within the
meaning of Section 860G(a)(3) of the Internal Revenue Code of 1986, as amended
(the "Code"). For this purpose, Section 860G(a)(3) of the Code shall be applied
without regard to the rule contained in Treasury Regulations Section
1.860G-2(f)(2) which treats a defective mortgage loan as a "qualified mortgage"
under certain circumstances. Accordingly, the Mortgage Loan Seller represents
and warrants that each Mortgage Loan is directly secured by a Mortgage on a
commercial property or a multifamily residential property, and either (1)
substantially all of the proceeds of such Mortgage Loan were used to acquire,
improve or protect the portion of such commercial or multifamily residential
property that consists of an interest in real property and such interest in real
property was the only security for such Mortgage Loan as of the Testing Date (as
defined below), or (2) the fair market value of the interest in real property
which secures such Mortgage Loan was at least equal to 80% of the principal
amount of the Mortgage Loan (a) as of the Testing Date, or (b) as of the Closing
Date. For purposes of the previous sentence, (1) the fair market value of the
referenced interest in real property shall first be reduced by (a) the amount of
any lien on such interest in real property that is senior to the Mortgage Loan,
and (b) a proportionate amount of any lien on such interest in real property
that is on a parity with the Mortgage Loan, and (2) the "Testing Date" shall be
the date on which the referenced Mortgage Loan was originated unless (a) such
Mortgage Loan was modified after the date of its origination in a manner that
would cause a "significant modification" of such Mortgage Loan within the
meaning of Treasury Regulations Section 1.1001-3(b), and (b) such "significant
modification" did not occur at a time when such Mortgage Loan was in default or
when default with respect to such Mortgage Loan was reasonably foreseeable.
However, if the referenced Mortgage Loan has been subjected to a "significant
modification" after the date of its origination and at a time when such Mortgage
Loan was not in default or when default with respect to such Mortgage Loan was
not reasonably foreseeable, the Testing Date shall be the date upon which the
latest such "significant modification" occurred;
(xxv) As of the Cut-off Date the Mortgage Loan Schedule is true and correct
in all material respects;
(xxvi) Prepayment Premiums and Yield Maintenance Charges payable with
respect to the Mortgage Loan, if any, constitute "customary prepayment
penalties" within the meaning of Treasury Regulations Section 1.860G-1(b)(2);
-6-
(xxvii) The Mortgage File contains an appraisal of the related Mortgaged
Property, which appraisal is signed by a qualified appraiser who, to the
Mortgage Loan Seller's knowledge, had no interest, direct or indirect, in the
Mortgaged Property or in any loan made on the security thereof, and whose
compensation is not affected by the approval or disapproval of the Mortgage
Loan, and the appraisal and appraiser both satisfy the requirements of Title XI
of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 and
the regulations promulgated thereunder, all as in effect on the date the
Mortgage Loan was originated;
(xxviii) None of the material improvements which were included for the
purposes of determining the appraised value of the related Mortgaged Property at
the time of the origination of the Mortgage Loan lies outside of the boundaries
and building restriction lines of such property (except Mortgaged Properties
which are legal non-conforming uses and/or except for immaterial encroachments
or where the same is covered by a title insurance endorsement or affirmative
title insurance coverage), and no improvements on adjoining properties
materially encroach upon such Mortgaged Property, or the requisite title
insurance has been obtained with respect to the foregoing;
(xxix) The related Mortgagor has covenanted in the Mortgage Loan documents
or the related Tenant has covenanted in the related Credit Lease to maintain the
related Mortgaged Property in compliance with all applicable laws, zoning,
ordinances rules, covenants and restrictions affecting the construction,
occupancy, use and operation of such Mortgaged Property, and the related
originator performed the type of due diligence in connection with the
origination of such Mortgage Loan customarily performed by prudent institutional
commercial mortgage lenders or lenders on credit leased properties with respect
to the foregoing matters; the Mortgage Loan Seller has received no notice of any
material violation of any applicable laws, zoning ordinances, rules, covenants
or restrictions affecting the construction, occupancy, use or operation of such
Mortgaged Property;
(xxx) With respect to each Mortgage Loan, the related Mortgagor is an
entity which has represented and covenanted in connection with the origination
of the Mortgage Loan, or whose organizational documents provide, that so long as
the Mortgage Loan is outstanding it will be a single-purpose entity. For this
purpose, "single-purpose entity" shall mean a person, other than an individual,
which does not engage in any business unrelated to the related Mortgaged
Property (which may include multiple Mortgaged Properties owned by the same
Borrower and securing only Mortgage Loans conveyed hereunder as listed on
Exhibit I-XXX) and its (or their) financing, does not have any material assets
other than those related to its interest in such Mortgaged Property (or
Mortgaged Properties) or its (or their) financing, or any indebtedness other
than as permitted by the
-7-
related Mortgage or the other documents in the Mortgage Loan File, and such
Mortgagor has covenanted under the Mortgage that it will maintain its own books
and records separate and apart from any other person, and holds itself out as
being a legal entity, separate and apart from any other person;
(xxxi) The Mortgage Loan complied, in all material respects, with all of
the terms, conditions and requirements of the Mortgage Loan Seller's applicable
underwriting standards in effect at the time of the origination or acquisition
of such Mortgage Loan;
(xxxii) The Mortgage Loan Seller has no knowledge nor has it received any
notice that any Mortgagor is a debtor in any state or federal bankruptcy or
insolvency proceeding;
(xxxiii) To the best of Mortgage Loan Seller's knowledge, as of the Closing
Date, there is no right of rescission, offset, abatement, diminution, defense or
counterclaim to the Mortgage Loan (including the defense of usury), nor will the
operation of any of the terms of the Mortgage Note or the Mortgage, or the
exercise of any rights thereunder, render the Mortgage Note or the Mortgage
unenforceable, in whole or in part (excluding provisions relating to default
interest, yield maintenance charges, prepayment premiums or defeasance
deposits), or subject to any right of rescission, offset, abatement, diminution,
valid defense or counterclaim (including the defense of usury or the violation
of any applicable disclosure or consumer credit laws), except in any such case
as enforcement may be limited by bankruptcy, insolvency, reorganization,
moratorium or other laws affecting the enforcement of creditors' rights
generally or by general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law), and no such
right of rescission, offset, abatement, diminution, defense or counterclaim has
been asserted with respect thereto;
(xxxiv) In the case of any Mortgage which is a deed of trust, a trustee,
duly qualified under applicable law to serve as such, has been properly
designated and currently so serves and is named in the deed of trust or has been
substituted in accordance with applicable law, and no fees or expenses are, or
will become, payable to the trustee under the deed of trust, except in
connection with a trustee's sale after default by the Mortgagor or in connection
with the release of the Mortgaged Property or related security for the Mortgage
Loan following the payment of the Mortgage Loan in full;
(xxxv) The improvements located on the Mortgaged Property are either not
located in a federally designated special flood hazard area or the Mortgagor or
Tenant is required to maintain or the Mortgagee maintains, flood insurance with
respect to such improvements or the Tenant under the related Credit Lease
-8-
has no right to xxxxx, offset rent, or terminate such Credit Lease in the event
of flood;
(xxxvi) If the Mortgaged Property is subject to any leases, the Mortgagor
is the owner and holder of the landlord's interest under any leases and the
related Mortgage or Assignment of Leases provides for the appointment of a
receiver for rents (in accordance with applicable law) or allows the Mortgagee
(in accordance with applicable law) to enter into possession to collect rent or
provides for rents to be paid directly to Mortgagee;
(xxxvii) The Mortgage Note is not secured by any collateral that is not
being transferred hereunder;
(xxxviii) Each Mortgage Loan, if any, that is cross-collateralized is
cross-collateralized only with one or more other Mortgage Loans being
transferred hereunder;
(xxxix) The origination (or acquisition, as the case may be), servicing and
collection practices used with respect to the Mortgage Loan by the Mortgage Loan
Seller and, to the Mortgage Loan Seller's knowledge, by any prior holder of the
Mortgage Loan, have been in all respects legal, proper and prudent in all
material respects and have met customary industry standards;
(xl) Except as indicated on Exhibit I-XI, no advance of funds has been made
other than pursuant to the loan documents, directly or indirectly, by the
Mortgage Loan Seller to the Mortgagor and, to the Mortgage Loan Seller's
knowledge, no funds have been received from any person other than the Mortgagor,
for or on account of payments due on the Mortgage Note or the Mortgage
,provided, however, Rental Payments or similar payments made by the Tenant under
the related Credit Lease directly to the Mortgage Loan Seller (or its loan
servicer or agent) shall not be deemed a breach of this representation;
(xli) UCC Financing Statements have been filed and/or recorded in all
places necessary to perfect a valid security interest in all material furniture,
fixtures and equipment owned by a Mortgagor and located on each Mortgaged
Property and for which perfection is accomplished by the filing of a UCC
financing statement, and the mortgages, security agreements, chattel mortgages
or equivalent documents related to and delivered in connection with the related
Mortgage Loans establish and create a valid and enforceable first lien and first
priority security interest on such material furniture, fixtures and equipment
except as enforceability may be limited by bankruptcy or other laws affecting
creditor's rights generally or by the application of the rules of equity;
-9-
(xlii) To the Mortgage Loan Seller's knowledge, the Mortgagor has no
indebtedness for borrowed money secured by a mortgage encumbering the Mortgaged
Property other than the Mortgage Loan. Each Mortgage provides that the Mortgagor
may not incur additional debt secured by the Mortgaged Property without (A) the
Mortgagee's prior written consent, or (B) written confirmation from each Rating
Agency that such additional debt will not result in a withdrawal or downgrade of
any ratings assigned to the Certificates;
(xliii) Based on information obtained from the related Mortgagor at the
time of origination, a list of borrowers or groups of affiliated borrowers with
multiple Mortgage Loans is attached hereto as Exhibit I-XLIII(A) and, as of the
Cut-off Date, the aggregate principal amount of any Mortgage Loan or group of
Mortgage Loans made to one borrower or group of affiliated borrowers does not
exceed the amount set forth in Exhibit I-XLIII(B) attached hereto;
(xliv) The Mortgage Loan has an interest rate of at least 6.570% per annum;
(xlv) The Mortgage Loan is non-recourse to the related Mortgagor (or its
principals) except for certain circumstances including fraud, misappropriation,
material misrepresentation and other matters expressly set forth in the related
Mortgage Loan documents;
(xlvi) The Mortgage Loan Seller (or Mortgage Loan originator) has inspected
or caused to be inspected each related Mortgage Property within twelve months of
origination;
(xlvii) Except as set forth in Schedule II, the Mortgage Loan is not
secured in whole or in part by a ground lease; and
(xlviii) To the Seller's actual knowledge, there are no pending actions,
suits or proceedings by or before any court or governmental authority against or
affecting the related Mortgagor or Mortgaged Property that, if determined
adversely to such Mortgagor, would materially and adversely affect the ability
of the Mortgagor to pay principal, interest or any other amount due under such
Mortgage Loan.
-10-
SCHEDULE II
For each Mortgage Loan identified on the Mortgage Loan Schedule as a ground
lease, the Mortgage Loan Seller hereby represents and warrants:
(A)(i) the Mortgage Loan is also secured by the related fee interest
or (ii) the ground lease represents a non-essential portion of the
Mortgaged Property, and the ground lease has an original term (or an
original term plus one or more optional renewal terms, which, under all
circumstances, may be exercised, and will be enforceable, by the Mortgagor,
or the Mortgagee if the Mortgagee acquires the related Mortgaged Property
upon foreclosure, assignment-in-lieu of foreclosure or otherwise) that
extends not less than 10 years beyond the stated maturity of the related
Mortgage Loan, or
(B) if the Mortgage Loan is secured by a Mortgage constituting a valid
first lien on an unencumbered interest of the Borrower as lessee under a
ground lease underlying the related Mortgaged Property, then the Mortgage
Loan Seller represents and warrants the following:
(i) The ground lease (which shall mean such ground lease, all
amendments and modifications thereof and any related estoppels or
agreements from ground lessor) or a memorandum regarding it has been
duly recorded. The ground lease permits the interest of the lessee to
be encumbered by the related Mortgage and does not restrict the use of
the related Mortgaged Property by such lessee, its successors or
assigns in a manner that would adversely affect the security provided
by the related Mortgage. There has been no material change in the
terms of such ground lease since its recordation, except by written
instruments, all of which are included in the related Mortgage File;
(ii) The lessor under such ground lease has agreed in a writing
included in the related Mortgage File that the ground lease may not be
amended, modified, canceled or terminated without the prior written
consent of the Mortgagee and that any such action without such consent
is not binding on the Mortgagee, its successors or assigns, except if
an event of default occurs under the Ground Lease and notice is
provided to the Mortgagee and such default is curable by the
Mortgagee, but remains uncured beyond the applicable cure period;
(iii) The ground lease has an original term (or an original term
plus one or more optional renewal terms, which, under all
circumstances, may be exercised, and will be enforceable, by the
Mortgagee) that extends not less than 10 years beyond the stated
maturity of the related Mortgage Loan;
(iv) The ground lease is not subject to any liens or encumbrances
superior to, or of equal priority with, the
Mortgage (including without limitation, the rights of any
fee-mortgage, if any) other than the related ground lessor's related
fee interest and any exceptions set forth in the related title
insurance policy or opinion of title;
(v) The ground lease is assignable to the Mortgagee and its
assigns without the consent of the lessor thereunder (or, if any such
consent is required, it has been obtained prior to the Closing Date);
(vi) As of the date of origination of the Mortgage Loan, and to
the Mortgage Loan Seller's knowledge as of the Cut-off Date, the
ground lease is in full force and effect and no default has occurred,
nor is there any existing condition which, but for the passage of time
or giving of notice, would result in a default under the terms of the
ground lease;
(vii) The ground lease or ancillary agreement between the lessor
and the lessee requires the lessor to give notice of any default by
the lessee to the Mortgagee. The ground lease or ancillary agreement
further provides that no notice given is effective against the
Mortgagee unless a copy has been given to the Mortgagee in a manner
described in the ground lease or ancillary agreement;
(viii) The Mortgagee is permitted a reasonable opportunity, which
may be concurrent and coterminous with the Mortgagor's rights
thereunder (including, where necessary, sufficient time to gain
possession of the interest of the lessee under the ground lease
through legal proceedings, or to take other action so long as the
Mortgagee is proceeding) to cure any default under the ground lease
which is curable after the receipt of notice of any default before the
lessor may terminate the ground lease;
(ix) The ground lease does not impose any restrictions on
subletting by the Mortgagee that would be viewed as commercially
unreasonable by a prudent commercial mortgage lender;
(x) The ground lease provides that any related insurance proceeds
or condemnation award (other than in respect of a total or
substantially total loss or taking) will be applied either to the
repair or restoration of all or part of the related Mortgaged
Property, with the Mortgagee or a trustee appointed by it having the
right to hold and disburse such proceeds as repair or restoration
progresses, or, to the payment of the outstanding principal balance of
the Mortgage Loan, together with any accrued interest (except in cases
where a different allocation would not be viewed as commercially
unreasonable by any institutional investor, taking into account the
relative duration of the ground lease and the related Mortgage and the
ratio of the market value of the related Mortgaged Property to the
outstanding principal balance of such Mortgage Loan);
-2-
(xi) Until the principal balance and accrued interest are paid in
full, neither the lessee nor the lessor under the ground lease will
have the option to terminate or modify the ground lease without prior
written consent of the Mortgagee as a result of any casualty or
partial condemnation, except to provide for an abatement of the rent;
(xii) Upon request, the ground lessor is required to enter into a
new lease upon termination of the Ground Lease for any reason, on
substantially similar terms and conditions as the old lease, including
upon the rejection of the lease in bankruptcy; and
(xiii) The ground lease does not provide for an increase in
rental payments during the term of the related Mortgage Loan except
for scheduled increases which are the responsibility of the related
Tenant under the Credit Lease.
-3-
SCHEDULE III
(i) Except as indicated in Exhibit III-I attached hereto, the base lease
payments due under the related Credit Lease are equal to or greater than the
payments due with respect to the related Mortgage Loan, and, as to the Bondable
Leases, are payable without setoff, counterclaim, recoupment, abatement,
reduction or defense;
(ii) Except as indicated in Exhibit III-II, the Mortgagor does not have
monetary obligations under the related Credit Lease, and every monetary
obligation associated with managing, owning, developing and operating the leased
property, including, but not limited to, the costs associated with utilities,
taxes, insurance, maintenance, payments under ground leases, and repairs is an
obligation of the related Tenant, except for those repair or other items for
which the Mortgagee has required regular deposits into an escrow account
maintained by the Mortgagee or its designee;
(iii) Except as indicated in Exhibit III-III, the Mortgagor does not have
any material non-monetary obligations under the related Credit Lease, except for
the delivery of possession of the leased property;
(iv) The Mortgagor has not made any representation or warranty in the
related Credit Lease, a breach of which would result in the termination of, or
an offset or abatement with respect to, such Credit Lease;
(v) (A) Other than due to a default by the Mortgagor under a related Credit
Lease which is not a Bondable Lease, the Tenant cannot terminate such Credit
Lease for any reason other than in certain events of casualty or condemnation,
which events are insured under a Lease Enhancement Policy, and (B) in each case
where the term of the Credit Lease is shorter than the amortized Mortgage term,
the balloon amount of such related Mortgage Loan due at the scheduled maturity
thereof is insured by an RVI Policy;
(vi) In the event the related Tenant assigns or sublets the related leased
property, such Tenant (and if applicable, the related guarantor) remains
obligated under the related Credit Lease;
(vii) Each property related to a Credit Lease Loan is one or more separate
tax lots;
(viii) Except as indicated in Exhibit III-VIII, the related Tenant has
agreed to indemnify the Mortgagor from any claims of any nature (a) to which the
Mortgagor is subject because of such Mortgagor's estate in the leased property,
or (b) arising from (i) injury to or death of any person or damage to or loss of
property on the leased property or connected with the
use, condition or occupancy of the leased property, (ii) Tenant's violation of
the related Credit Lease, or (iii) any act or omission of the Tenant;
(ix) Except as indicated in Exhibit III-IX, the related Tenant has agreed
to indemnify the Mortgagor from any claims of any nature arising as a result of
any hazardous material affecting the leased property and due to such Tenant's
use of the leased property;
(x) In connection with Credit Lease Loans with respect to which a lease
guarantee exists, the related guarantor (which is the rated entity affiliated
with the Tenant) guarantees the payment due under the related Credit Lease and
such guarantee, on its face, contains no conditions to such payment, other than
a notice and right to cure; the lease guarantee is the legal, valid and binding
obligation of the related guarantor, and the lease guarantee is assignable
together with the Credit Lease without further consent of the related guarantor;
and the guaranty provides that it is the guaranty of both the performance and
payment of the financial obligations of the Tenant under the related Credit
Lease, and does not provide for offset, counterclaim or defense;
(xi) Each Credit Lease Loan which has a Balloon Payment due at maturity
which is not covered by a corresponding lease payment from the Tenant, has the
benefit of a residual value insurance policy, such policy has been obtained, and
with respect to the Credit Leases other than Bondable Leases, the required
premiums have been paid;
(xii) Each Credit Lease Loan which gives the Tenant a right to terminate
such Credit Lease in certain events of casualty or condemnation has been insured
pursuant to a special risk insurance policy (insuring lease termination in the
event of casualty, condemnation, or both, as may be applicable) and the required
premiums have been paid;
(xiii) The list of lease guarantors or Tenants of the related Credit Lease,
attached as Exhibit III-XIII hereto, is accurate in all material respects;
(xiv) Any obligation or liability imposed by any easement or reciprocal
easement agreement is an obligation of the Tenant and is without recourse or
liability to the Mortgagor;
(xv) Except for Double Net Leases and Triple Net Leases, and except for
those Bondable Leases which afford the related Tenant the right to terminate the
Credit Lease upon the occurrence of certain casualty and/or condemnation events
upon payment of an amount sufficient to defease the related Mortgage Loan, the
obligations of the Tenant under the related Credit Lease, including, but not
limited to, the obligation to pay fixed and additional rent, are not affected by
reason of any damage to
-2-
or destruction of any portion of the leased property, any taking of the leased
property or any part thereof by condemnation or otherwise; or any prohibition,
limitation, interruption, cessation, restriction, prevention or interference of
the Tenant's use, occupancy or enjoyment of the leased property;
(xvi) Based on an Estoppel Letter from the Tenant as of the Mortgage Loan's
origination date, no default by the mortgagor or the Tenant has occurred under
the related Credit Lease and there is no existing condition which, but for the
passage of time or the giving of notice, or both would result in a default under
the terms of such Credit Lease;
(xvii) The Credit Lease is in full force and effect and is a legal, valid,
binding and enforceable agreement of the related Tenant;
(xviii) In the event that the Trustee acquires title to a Mortgaged
Property by foreclosure or otherwise, the Mortgagor's interest under the related
Credit Lease is freely assignable by the Trustee and its successors and assigns
to any person without the consent of the Tenant (but with notice), and in the
event the Mortgagor's interest is so assigned, the Tenant will be obligated to
recognize the assignee as Mortgagor under such Credit Lease;
(xix) Except as indicated in Exhibit III-XIX, the Tenant has delivered a
subordination, non-disturbance and attornment agreement, and an Estoppel Letter
with respect to the related Credit Lease; and
(xx) Except as indicated on Exhibit III-XX, the Tenant has agreed to notify
the Mortgagee of any default under the related Credit Lease and to provide the
Mortgagee with an opportunity to cure;
(xxi) The terms of the Credit Lease may not be modified in any material
respect including, without limitation, its economic terms, without the consent
of the mortgagee thereunder; and to the knowledge of the Mortgage Loan Seller,
no Tenant has been released, in whole or in part, from its obligations under its
Credit Lease;
(xxii) Except as indicated in Exhibit III-XXII, each Tenant is required to
make all rental payments directly to the Mortgagee; and
(xxiii) Except as indicated in Exhibit III-XXIII, no Mortgage Loan is
secured by a Mortgaged Property that is under construction or substantial
rehabilitation.
-3-
EXHIBIT I-XI(A)
NONE
Page 1 of 22
EXHIBIT I-XI(B)
FILE
CONTROL COMMON PROPERTY PROPERTY PROPERTY
NUMBER TENANT NAME STREET ADDRESS CITY STATE
------- ----------- -------------- -------- --------
3 Allegheny General Hospital Federal St./W.N. Ave Pittsburgh PA
4 Baptist Hospital, Inc. 0000 Xxxxxx Xxxxxxxxx XX
00 Xxxxxx xx Xxxxxx, Xxx Xxxx 00 Xxxx Xxxx Xx. Xxxxxxxxx XX
57 Northwestern Human Svcs, Inc. Coal Township Northumberland PA
113 Time Warner Entertainment, L.P. XX Xxxxxxx 00 Xxxxxxxxxx XX
Page 2 of 22
EXHIBIT I-XVI
NONE
Page 3 of 22
EXHIBIT I-XXII
NONE
Page 4 of 22
EXHIBIT I-XXX
FILE
CONTROL COMMON
NUMBERS TENANT NAME BORROWER
------- ----------- --------
11, 14 Circuit City Stores, Inc. WMI/MPI Business Trust & WML/MPL Business Trust
43, 44 Xxxxxx-Xxxxxx, Inc. WEC 97H - Washington-1
28, 29, 30 Xxxxxx-Xxxxxx, Inc. WEC 97H - Iowa-1
34, 35 Xxxxxx-Xxxxxx, Inc. WEC 97H - Illinois
32, 33 Xxxxxx-Xxxxxx, Inc. WEC 97H - Idaho
25, 26, 27 Xxxxxx-Xxxxxx, Inc. WEC 97H - California
38, 40 Xxxxxx-Xxxxxx, Inc. WEC 97H-Oregon-2
39, 41 Xxxxxx-Xxxxxx, Inc. WEC 97H-Oregon-1
55, 56 Northwestern Human Services, Inc. CRI Northwestern I Trust
76-78, 90, 91, 99, 100 Rite Aid Corporation Buffalo-BAL Business Trust & SDI Business Trust
Page 5 of 22
FILE
CONTROL COMMON PROPERTY PROPERTY PROPERTY
NUMBER TENANT NAME STREET ADDRESS CITY STATE AMOUNT
------- ----------- -------------- -------- -------- ------
109 Rite Aid Corporation 000 XX 00 Xxxxx Xxxxxxxx Xxxx XX $2,096.25
The loan servicer inadvertently remitted the required monthly structural reserve
to the related borrower. The servicer has reimbursed this account out of its own
funds to cover this shortfall. The borrower has confirmed that it will reimburse
the servicer for these amounts, however, the servicer has agreed to take no
action in the event the borrower fails to reimburse all or any portion of such
amounts. This funding of the escrow account does not represent payment of sums
due from the borrower by a third party since the borrower caused such amounts to
be paid over the servicer and the servicer in turn remitted such amounts back to
the borrower.
Page 6 of 22
XLIII(A)
RELATED
CONTROL TENANT/ LEASE LOAN
NUMBER LEASE GUARANTOR TYPE CONTROL #'S
------- --------------- ----- -----------
1 Allegheny Hospital, Centennial Bond 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
2 Allegheny General Hospital Bond 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
3 Allegheny General Hospital Bond 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
4 Baptist Hospital, Inc. Bond 4,68-70,74,89,95,96
------------------------------------------------------------------------------------------------------------------------------------
5 Baptist Hospital, Inc. Bond 5,7,79,98
------------------------------------------------------------------------------------------------------------------------------------
6 Circuit City Stores, Inc. Bond None
------------------------------------------------------------------------------------------------------------------------------------
7 Circuit City Stores, Inc. Bond 5,7,79,98
------------------------------------------------------------------------------------------------------------------------------------
8 Circuit City Stores, Inc. Bond None
------------------------------------------------------------------------------------------------------------------------------------
9 Circuit City Stores, Inc. Bond 9,10
------------------------------------------------------------------------------------------------------------------------------------
10 Circuit City Stores, Inc. Bond 9,10
------------------------------------------------------------------------------------------------------------------------------------
11 Circuit City Stores, Inc. Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
12 Circuit City Stores, Inc. Bond 13
------------------------------------------------------------------------------------------------------------------------------------
13 Circuit City Stores, Inc. Bond 12
------------------------------------------------------------------------------------------------------------------------------------
14 Circuit City Stores, Inc. Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
15 Circuit City Stores, Inc. Bond None
------------------------------------------------------------------------------------------------------------------------------------
16 Eckerd Corp. Triple Net 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
17 Federal Insurance Company Double Net None
------------------------------------------------------------------------------------------------------------------------------------
18 Xxxx Xxxxx, Inc. Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
19 Xxxx Xxxxx, Inc. Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
20 Xxxx Xxxxx, Inc. Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
21 Giant Food, Inc. Triple Net None
------------------------------------------------------------------------------------------------------------------------------------
24 Health Ins. Plan of Greater NY Double Net None
------------------------------------------------------------------------------------------------------------------------------------
25 Xxxxxx-Xxxxxx, Inc. Bond 25-27,36,38,40,42
------------------------------------------------------------------------------------------------------------------------------------
26 Xxxxxx-Xxxxxx, Inc. Bond 25-27,36,38,40,42
------------------------------------------------------------------------------------------------------------------------------------
27 Xxxxxx-Xxxxxx, Inc. Bond 25-27,36,38,40,42
------------------------------------------------------------------------------------------------------------------------------------
28 Xxxxxx-Xxxxxx, Inc. Bond 28-35,37,39,41,43-44
------------------------------------------------------------------------------------------------------------------------------------
29 Xxxxxx-Xxxxxx, Inc. Bond 28-35,37,39,41,43-44
------------------------------------------------------------------------------------------------------------------------------------
30 Xxxxxx-Xxxxxx, Inc. Bond 28-35,37,39,41,43-44
------------------------------------------------------------------------------------------------------------------------------------
31 Xxxxxx-Xxxxxx, Inc. Bond 28-35,37,39,41,43-44
------------------------------------------------------------------------------------------------------------------------------------
32 Xxxxxx-Xxxxxx, Inc. Bond 28-35,37,39,41,43-44
------------------------------------------------------------------------------------------------------------------------------------
CONTROL IDENTITY OF
NUMBER RELATED PARTY
------- -------------
1 U.S. Realty Advisors & SunAmerica
--------------------------------------------------------------------------------
2 U.S. Realty Advisors & SunAmerica
--------------------------------------------------------------------------------
3 U.S. Realty Advisors & SunAmerica
--------------------------------------------------------------------------------
4 Wolverine Equities (Staubach)
--------------------------------------------------------------------------------
5 Xxxxx Xxxxx
--------------------------------------------------------------------------------
6 Health Facilities Credit Corporation
--------------------------------------------------------------------------------
7 Xxxxx Xxxxx
--------------------------------------------------------------------------------
8 The Xxxxxx Xxxxxxxx Trust
--------------------------------------------------------------------------------
9 Wm. & Xxxxx Xxxxx
--------------------------------------------------------------------------------
10 Wm. & Xxxxx Xxxxx
--------------------------------------------------------------------------------
11 Benderson 93-1 Trust & Benderson Development
--------------------------------------------------------------------------------
12 The Xxxxx Company, LP
--------------------------------------------------------------------------------
13 The Xxxxx Company, LP
--------------------------------------------------------------------------------
14 Benderson 93-1 Trust & Benderson Development
--------------------------------------------------------------------------------
15 55 Equities Limited Partnership
--------------------------------------------------------------------------------
16 Benderson 85-1 Trust
--------------------------------------------------------------------------------
17
--------------------------------------------------------------------------------
18 Benderson 85-1 Trust
--------------------------------------------------------------------------------
19 Benderson 95 Trust
--------------------------------------------------------------------------------
20 Benderson 95 Trust
--------------------------------------------------------------------------------
21
--------------------------------------------------------------------------------
24
--------------------------------------------------------------------------------
25 Commack Land Dev. Assoc.
--------------------------------------------------------------------------------
26 Commack Land Dev. Assoc.
--------------------------------------------------------------------------------
27 Commack Land Dev. Assoc.
--------------------------------------------------------------------------------
28 Furniture Development Corporation
--------------------------------------------------------------------------------
29 Furniture Development Corporation
--------------------------------------------------------------------------------
30 Furniture Development Corporation
--------------------------------------------------------------------------------
31 Furniture Development Corporation
--------------------------------------------------------------------------------
32 Furniture Development Corporation
--------------------------------------------------------------------------------
Page 7
RELATED
CONTROL TENANT/ LEASE LOAN
NUMBER LEASE GUARANTOR TYPE CONTROL #'S
------- --------------- ----- -----------
33 Xxxxxx-Xxxxxx, Inc. Bond 28-35,37,39,41,43-44
------------------------------------------------------------------------------------------------------------------------------------
34 Xxxxxx-Xxxxxx, Inc. Bond 28-35,37,39,41,43-44
------------------------------------------------------------------------------------------------------------------------------------
35 Xxxxxx-Xxxxxx, Inc. Bond 28-35,37,39,41,43-44
------------------------------------------------------------------------------------------------------------------------------------
36 Xxxxxx-Xxxxxx, Inc. Bond 25-27,36,38,40,42
------------------------------------------------------------------------------------------------------------------------------------
37 Xxxxxx-Xxxxxx, Inc. Bond 28-35,37,39,41,43-44
------------------------------------------------------------------------------------------------------------------------------------
38 Xxxxxx-Xxxxxx, Inc. Bond 25-27,36,38,40,42
------------------------------------------------------------------------------------------------------------------------------------
39 Xxxxxx-Xxxxxx, Inc. Bond 28-35,37,39,41,43-44
------------------------------------------------------------------------------------------------------------------------------------
40 Xxxxxx-Xxxxxx, Inc. Bond 25-27,36,38,40,42
------------------------------------------------------------------------------------------------------------------------------------
41 Xxxxxx-Xxxxxx, Inc. Bond 28-35,37,39,41,43-44
------------------------------------------------------------------------------------------------------------------------------------
42 Xxxxxx-Xxxxxx, Inc. Bond 25-27,36,38,40,42
------------------------------------------------------------------------------------------------------------------------------------
43 Xxxxxx-Xxxxxx, Inc. Bond 28-35,37,39,41,43-44
------------------------------------------------------------------------------------------------------------------------------------
44 Xxxxxx-Xxxxxx, Inc. Bond 28-35,37,39,41,43-44
------------------------------------------------------------------------------------------------------------------------------------
45 Home Depot U.S.A., Inc. Double Net None
------------------------------------------------------------------------------------------------------------------------------------
48 Kmart Corp. Bond 48-51,55-57,61-67
------------------------------------------------------------------------------------------------------------------------------------
49 Kmart Corp. Bond 48-51,55-57,61-67
------------------------------------------------------------------------------------------------------------------------------------
50 Kmart Corp. Bond 48-51,55-57,61-67
------------------------------------------------------------------------------------------------------------------------------------
51 Kmart Corp. Bond 48-51,55-57,61-67
------------------------------------------------------------------------------------------------------------------------------------
52 The Times Mirror Company Double Net None
------------------------------------------------------------------------------------------------------------------------------------
00 Xxxxxx xx Xxxxxx, XX Triple Net None
------------------------------------------------------------------------------------------------------------------------------------
54 Nine West Group, Inc. Bond None
------------------------------------------------------------------------------------------------------------------------------------
55 Northwestern Human Services Bond 48-51,55-57,61-67
------------------------------------------------------------------------------------------------------------------------------------
56 Northwestern Human Services Bond 48-51,55-57,61-67
------------------------------------------------------------------------------------------------------------------------------------
57 Northwestern Human Services Bond 48-51,55-57,61-67
------------------------------------------------------------------------------------------------------------------------------------
58 Office Depot, Inc. Double Net None
------------------------------------------------------------------------------------------------------------------------------------
59 The Xxxxx Corporation (Price Chopper) Bond None
------------------------------------------------------------------------------------------------------------------------------------
60 The Xxxxx Corporation (Price Chopper) Triple Net None
------------------------------------------------------------------------------------------------------------------------------------
61 Q Clubs Inc. Bond 48-51,55-57,61-67
------------------------------------------------------------------------------------------------------------------------------------
62 Q Clubs Inc. Bond 48-51,55-57,61-67
------------------------------------------------------------------------------------------------------------------------------------
64 Q Clubs Inc. Bond 48-51,55-57,61-67
------------------------------------------------------------------------------------------------------------------------------------
65 Q Clubs Inc. Bond 48-51,55-57,61-67
------------------------------------------------------------------------------------------------------------------------------------
66 Q Clubs Inc. Bond 48-51,55-57,61-67
------------------------------------------------------------------------------------------------------------------------------------
67 Q Clubs Inc. Bond 48-51,55-57,61-67
------------------------------------------------------------------------------------------------------------------------------------
68 Rite Aid Corporation Bond 4,68-70,74,89,95,96
------------------------------------------------------------------------------------------------------------------------------------
69 Rite Aid Corporation Bond 4,68-70,74,89,95,96
------------------------------------------------------------------------------------------------------------------------------------
CONTROL IDENTITY OF
NUMBER RELATED PARTY
------- -------------
33 Furniture Development Corporation
--------------------------------------------------------------------------------
34 Furniture Development Corporation
--------------------------------------------------------------------------------
35 Furniture Development Corporation
--------------------------------------------------------------------------------
36 Commack Land Dev. Assoc.
--------------------------------------------------------------------------------
37 Furniture Development Corporation
--------------------------------------------------------------------------------
38 Commack Land Dev. Assoc.
--------------------------------------------------------------------------------
39 Furniture Development Corporation
--------------------------------------------------------------------------------
40 Commack Land Dev. Assoc.
--------------------------------------------------------------------------------
41 Furniture Development Corporation
--------------------------------------------------------------------------------
42 Commack Land Dev. Assoc.
--------------------------------------------------------------------------------
43 Furniture Development Corporation
--------------------------------------------------------------------------------
44 Furniture Development Corporation
--------------------------------------------------------------------------------
45
--------------------------------------------------------------------------------
48 Corporate Realty
--------------------------------------------------------------------------------
49 Corporate Realty
--------------------------------------------------------------------------------
50 Corporate Realty
--------------------------------------------------------------------------------
51 Corporate Realty
--------------------------------------------------------------------------------
52
--------------------------------------------------------------------------------
53
--------------------------------------------------------------------------------
54
--------------------------------------------------------------------------------
55 Corporate Realty
--------------------------------------------------------------------------------
56 Corporate Realty
--------------------------------------------------------------------------------
57 Corporate Realty
--------------------------------------------------------------------------------
58
--------------------------------------------------------------------------------
59
--------------------------------------------------------------------------------
60
--------------------------------------------------------------------------------
61 Corporate Realty
--------------------------------------------------------------------------------
62 Corporate Realty
--------------------------------------------------------------------------------
64 Corporate Realty
--------------------------------------------------------------------------------
65 Corporate Realty
--------------------------------------------------------------------------------
66 Corporate Realty
--------------------------------------------------------------------------------
67 Corporate Realty
--------------------------------------------------------------------------------
68 Wolverine Equities (Staubach)
--------------------------------------------------------------------------------
69 Wolverine Equities (Staubach)
--------------------------------------------------------------------------------
Page 8
RELATED
CONTROL TENANT/ LEASE LOAN
NUMBER LEASE GUARANTOR TYPE CONTROL #'S
------- --------------- ----- -----------
70 Rite Aid Corporation Bond 4,68-70,74,89,95,96
------------------------------------------------------------------------------------------------------------------------------------
74 Rite Aid Corporation Bond 4,68-70,74,89,95,96
------------------------------------------------------------------------------------------------------------------------------------
75 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
76 Rite Aid Corporation Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
77 Rite Aid Corporation Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
78 Rite Aid Corporation Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
79 Rite Aid Corporation Bond 5,7,79,98
------------------------------------------------------------------------------------------------------------------------------------
80 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
81 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
82 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
83 Rite Aid Corporation Bond None
------------------------------------------------------------------------------------------------------------------------------------
84 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
85 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
86 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
87 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
88 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
89 Rite Aid Corporation Bond 4,68-70,74,89,95,96
------------------------------------------------------------------------------------------------------------------------------------
90 Rite Aid Corporation Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
91 Rite Aid Corporation Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
92 Rite Aid Corporation Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
93 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
94 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
95 Rite Aid Corporation Bond 4,68-70,74,89,95,96
------------------------------------------------------------------------------------------------------------------------------------
96 Rite Aid Corporation Bond 4,68-70,74,89,95,96
------------------------------------------------------------------------------------------------------------------------------------
97 Rite Aid Corporation Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
98 Rite Aid Corporation Bond 5,7,79,98
------------------------------------------------------------------------------------------------------------------------------------
99 Rite Aid Corporation Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
100 Rite Aid Corporation Bond 11,14,16,18-20,76-78,90-92,97,99,100,114
------------------------------------------------------------------------------------------------------------------------------------
101 Rite Aid Corporation Bond None
------------------------------------------------------------------------------------------------------------------------------------
102 Rite Aid Corporation Bond None
------------------------------------------------------------------------------------------------------------------------------------
103 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
104 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
105 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
106 Rite Aid Corporation Bond 75,80-82,84-88,93,94,103-106
------------------------------------------------------------------------------------------------------------------------------------
CONTROL IDENTITY OF
NUMBER RELATED PARTY
------- -------------
70 Wolverine Equities (Staubach)
--------------------------------------------------------------------------------
74 Wolverine Equities (Staubach)
--------------------------------------------------------------------------------
75 UTFRA Limited Partnership
--------------------------------------------------------------------------------
76 Benderson 93-1 Trust & Benderson Development
--------------------------------------------------------------------------------
77 Benderson 93-1 Trust & Benderson Development
--------------------------------------------------------------------------------
78 Benderson 93-1 Trust & Benderson Development
--------------------------------------------------------------------------------
79 Xxxxx Xxxxx
--------------------------------------------------------------------------------
80 UTFRA Limited Partnership
--------------------------------------------------------------------------------
81 UTFRA Limited Partnership
--------------------------------------------------------------------------------
82 UTFRA Limited Partnership
--------------------------------------------------------------------------------
83 Xxxx
--------------------------------------------------------------------------------
84 UTFRA Limited Partnership
--------------------------------------------------------------------------------
85 UTFRA Limited Partnership
--------------------------------------------------------------------------------
86 UTFRA Limited Partnership
--------------------------------------------------------------------------------
87 UTFRA Limited Partnership
--------------------------------------------------------------------------------
88 UTFRA Limited Partnership
--------------------------------------------------------------------------------
89 Wolverine Equities (Staubach)
--------------------------------------------------------------------------------
90 Benderson 93-1 Trust & Benderson Development
--------------------------------------------------------------------------------
91 Benderson 93-1 Trust & Benderson Development
--------------------------------------------------------------------------------
92 Benderson 93-1 Trust & Benderson Development
--------------------------------------------------------------------------------
93 UTFRA Limited Partnership
--------------------------------------------------------------------------------
94 UTFRA Limited Partnership
--------------------------------------------------------------------------------
95 Wolverine Equities (Staubach)
--------------------------------------------------------------------------------
96 Wolverine Equities (Staubach)
--------------------------------------------------------------------------------
97 Benderson 93-1 Trust & Benderson Development
--------------------------------------------------------------------------------
98 Xxxxx Xxxxx
--------------------------------------------------------------------------------
99 Benderson 93-1 Trust & Benderson Development
--------------------------------------------------------------------------------
100 Benderson 93-1 Trust & Benderson Development
--------------------------------------------------------------------------------
101 Gross
--------------------------------------------------------------------------------
102 Xxxxxx
--------------------------------------------------------------------------------
103 UTFRA Limited Partnership
--------------------------------------------------------------------------------
104 UTFRA Limited Partnership
--------------------------------------------------------------------------------
105 UTFRA Limited Partnership
--------------------------------------------------------------------------------
106 UTFRA Limited Partnership
--------------------------------------------------------------------------------
Page 9
RELATED
CONTROL TENANT/ LEASE LOAN
NUMBER LEASE GUARANTOR TYPE CONTROL #'S
------- --------------- ----- -----------
107 Rite Aid Corporation Bond None
------------------------------------------------------------------------------------------------------------------------------------
108 Rite Aid Corporation Bond None
------------------------------------------------------------------------------------------------------------------------------------
109 Rite Aid Corporation Double Net None
------------------------------------------------------------------------------------------------------------------------------------
110 Rite Aid Corporation Double Net None
------------------------------------------------------------------------------------------------------------------------------------
111 Rite Aid Corporation Triple Net None
------------------------------------------------------------------------------------------------------------------------------------
112 Rite Aid Corporation Bond None
------------------------------------------------------------------------------------------------------------------------------------
113 Time Warner/Adv. Xxxxxxxx Bond None
------------------------------------------------------------------------------------------------------------------------------------
CONTROL IDENTITY OF
NUMBER RELATED PARTY
------- -------------
107 Alter
--------------------------------------------------------------------------------
108 Xxxxx Enterprises, LLC & Xxxxxxx X. Xxxx
--------------------------------------------------------------------------------
109
--------------------------------------------------------------------------------
110
--------------------------------------------------------------------------------
111
--------------------------------------------------------------------------------
112 GSJ Realty Partners
--------------------------------------------------------------------------------
113
--------------------------------------------------------------------------------
Page 10
XLIII(B)
IDENTITY OF TOTAL AMOUNT % OF
RELATED PARTY OF CTL POOL CTL POOL
------------- ------------ --------
U.S. Realty Advisors & SunAmerica $111,711,698.87 17.29%
--------------------------------------------------------------------------------
Corporate Realty $100,532,296.51 15.56%
--------------------------------------------------------------------------------
Benderson Development $88,318,519.86 13.67%
--------------------------------------------------------------------------------
UTFRA Limited Partnership $44,802,912.20 6.93%
--------------------------------------------------------------------------------
Wolverine Equities (Staubach) $42,972,807.64 6.65%
--------------------------------------------------------------------------------
Furniture Development Corporation $21,947,137.00 3.40%
--------------------------------------------------------------------------------
Xxxxx Xxxxx $21,780,643.14 3.37%
--------------------------------------------------------------------------------
Page 11
Schedule II
FILE
CONTROL COMMON PROPERTY PROPERTY PROPERTY
NUMBER TENANT NAME STREET ADDRESS CITY STATE
------- ----------- -------------- ---- -----
2 Allegheny General Hospital 000 Xxxx Xxxxx Xx. Xxxxxxxxxx XX
4 Baptist Hospital, Inc. 0000 Xxxxxx Xxxxxxxxx XX
11 Circuit City Stores, Inc. 00000 Xxxxxx Xx Xxxxxxxx XX
14 Circuit City Stores, Inc. 0000 Xxxxxxx Xxxx XXX Xxxxxxx Xxxxxxxx XX
21 Giant Food, Inc. 00000 Xxxx Xxxxxx Xxxxxxx XX
48 Kmart Corp 000 Xxxxxxx Xx Xxxx XX
49 Kmart Corp Orchard & Xxxxx Xxxx. Ukiah CA
50 Kmart Corp 000 X. Xxxxxxxxxx Xxxx. Xxxxxxxxx XX
51 Kmart Corp 00000 Xxx Xxxx Xxx. Xxxxxxxx Xxxxxxx XX
00 Xxxxxx xx Xxxxxx, Xxx Xxxx 00 Xxxx Xxxx Xx. Xxxxxxxxx XX
54 Nine West Group, Inc. 0000-0000 Xxxxxxxxxxx Xxx. Xxxxx Xxxxxx XX
76 Rite Aid Corporation 0000 X. Xxxxxxxxx Xxxx. Xxxxxxxx XX
77 Rite Aid Corporation 000 Xxxx Xxx. Xxxxxxxxx XX
78 Rite Aid Corporation 000 Xxxxxxx Xx. Xxxxxxxxxxxx XX
90 Rite Aid Corporation Salem & Grand Ave. Dayton OH
91 Rite Aid Corporation 00000 Xxxxxx Xxxxx Xxxx X. Xxxxxxxxxx XX
92 Rite Aid Corporation 00000 Xxxxxxx Xxxxxxxxx Xxxxxxxx XX
97 Rite Aid Corporation 000 X. Xxx Xxx. Xxxxxxxxxxx XX
99 Rite Aid Corporation 0000 Xxxxxxx Xxx, X.X. Xxxxxxx XX
100 Rite Aid Corporation 0000 X Xxxxxxx Xx. Xxxxxxxx XX
Page 12
Exhibit III-I
FILE
CONTROL COMMON PROPERTY PROPERTY PROPERTY
NUMBER TENANT NAME STREET ADDRESS CITY STATE
------- ----------- -------------- ---- -----
CONSTRUCTION LOANS
3 Allegheny General Hospital Federal St./W.N. Ave Pittsburgh PA
4 Baptist Hospital, Inc. 0000 Xxxxxx Xxxxxxxxx XX
00 Xxxxxx xx Xxxxxx, Xxx Xxxx 00 Xxxx Xxxx Xx. Xxxxxxxxx XX
57 Northwestern Human Svcs, Inc. Coal Township Northumberland PA
113 Time Warner Entertainment, L.P. XX Xxxxxxx 00 Xxxxxxxxxx XX
BALLOON LOANS
68 Rite Aid Corporation 0000 Xxxxxx Xxxxxx Xxxxxxxxx XX
69 Rite Aid Corporation 0000 Xxx Xxxxx Xxxx. Xxx Xxxxx XX
70 Rite Aid Corporation 0000 X Xxxxxx Xxxxxx XX
74 Rite Aid Corporation 0000 Xxxxxx Xxxx Xxxx Xxxxxxx XX
75 Rite Aid Corporation 0000 Xxxx Xx. Xxxxxxxxx XX
76 Rite Aid Corporation 0000 X. Xxxxxxxxx Xxxx. Xxxxxxxx XX
77 Rite Aid Corporation 000 Xxxx Xxx. Xxxxxxxxx XX
78 Rite Aid Corporation 000 Xxxxxxx Xx. Xxxxxxxxxxxx XX
79 Rite Aid Corporation 27050 Xxxx X. Road Madison Hgts. MI
80 Rite Aid Corporation 000 Xxxxxx Xxxxxxx XXX Xxxxxxxxx XX
00 Rite Aid Corporation 00 Xxx Xx. Xxxxxxx XX
00 Rite Aid Corporation 000 Xxxxxxxxxx Xxx. Xxxxxxxx XX
83 Rite Aid Corporation 0000 X. Xxxx Xxxx Xxxx. Xxx Xxxxx XX
84 Rite Aid Corporation 000 Xxxxxxx Xxx. Xxxxxxxxx XX
85 Rite Aid Corporation 0000-00 00xx Xx. Xxxxxxxx XX
86 Rite Aid Corporation Rt 9 W & Cauterskill Catskill NY
87 Rite Aid Corporation XXX Xx 0 & 00 Xxxxxxxxx XX
00 Rite Aid Corporation 0 Xxxxxxx Xxx. Xxxxxx XX
89 Rite Aid Corporation E. 71st & Harvard Cleveland OH
90 Rite Aid Corporation Salem & Grand Ave. Dayton OH
91 Rite Aid Corporation 00000 Xxxxxx Xxxxx Xxxx X. Xxxxxxxxxx XX
92 Rite Aid Corporation 00000 Xxxxxxx Xxxxxxxxx Xxxxxxxx XX
93 Rite Aid Corporation 00 "X" Xxxxxx Xxxx Xxxxxx OR
94 Rite Aid Corporation 000 Xxxxxxx Xx, X.X. Salem OR
95 Rite Aid Corporation 0000 Xxxxxxx Xxxx Xxxxxx Xxxx XX
96 Rite Aid Corporation 0000 Xxxxxx Xxx Xxxxxx Xxxxxxxxxxxx XX
97 Rite Aid Corporation 000 X. Xxx Xxx. Xxxxxxxxxxx XX
98 Rite Aid Corporation 0000 X. 0000 Xxxx Xxxx Xxxxxx XX
99 Rite Aid Corporation 0000 Xxxxxxx Xxx, X.X. Xxxxxxx XX
100 Rite Aid Corporation 0000 X Xxxxxxx Xx. Xxxxxxxx XX
101 Rite Aid Corporation 0000 Xxxxxxxxxxxx Xxxx. Xxxxxxxx Xxxxx XX
102 Rite Aid Corporation 9 Xxxxx Xxxxxx Rd. Essex Junction VT
103 Rite Aid Corporation US Rt 7 Middlebury VT
104 Rite Aid Corporation 000 X. Xxxx Xxxxxx Xxxxxxxxxx XX
000 Rite Aid Corporation 0000 Xxxxx Xxx. Xxxxxxx XX
000 Rite Aid Corporation 0000 Xxxxxxxxxx Xxx. Xxxxxx XX
107 Rite Aid Corporation 0000 X. XxXxxx Xxx Xxxxx XX
Page 13
Exhibit III-II
FILE
CONTROL COMMON PROPERTY PROPERTY PROPERTY
NUMBER TENANT NAME STREET ADDRESS CITY STATE
------- ----------- -------------- ---- -----
16 Eckerd Corporation 000 Xxxxxxxx Xxxx. Xxxxxxx Xxxxx XX
17 Federal Insurance Company 00 Xxxxxxxx Xx. Xxxxxxx Xxxx XX
21 Giant Food, Inc. 00000 Xxxx Xxxxxx Xxxxxxx XX
24 Health Ins. Plan of Greater NY 00-00 Xxxxxxxxxxxx Xxx. Xxxxxx Xxxxx XX
45 Home Depot U.S.A., Inc. 0000 X. Xxxxxx Xxxxxx Xxxxxxx Xxxx XX
52 Times Mirror Company 00000 Xxxxxxx Xxxx. Xxxxxx Xxxxx XX
00 Xxxxxx xx Xxxxxx, XX 00 Xxxx Xxxx Xx. Xxxxxxxxx XX
58 Office Depot, Inc. 0000-0000 Xxxxx Xxxx Xx. Xxxxxxxx XX
60 The Xxxxx Corporation (Price Chooper) Xxx 0, Xxxxx Xxxx Xx. Xx. Xxxxxx VT
109 Rite Aid Corporation 000 XX 00 Xxxxx Xxxxxxxx Xxxx XX
110 Rite Aid Corporation 0 Xxxx Xxx. Xxx Xxxxxxx Xxxxx XX
000 Rite Aid Corporation 00-00 Xxxx Xxxx Xxxxxx Xxxxxxxxx XX
Page 14
Exhibit III-III
FILE
CONTROL COMMON PROPERTY PROPERTY PROPERTY
NUMBER TENANT NAME STREET ADDRESS CITY STATE
------- ----------- -------------- ---- -----
16 Eckerd Corporation 000 Xxxxxxxx Xxxx. Xxxxxxx Xxxxx XX
17 Federal Insurance Company 00 Xxxxxxxx Xx. Xxxxxxx Xxxx XX
21 Giant Food, Inc. 00000 Xxxx Xxxxxx Xxxxxxx XX
24 Health Ins. Plan of Greater NY 00-00 Xxxxxxxxxxxx Xxx. Xxxxxx Xxxxx XX
45 Home Depot U.S.A., Inc. 0000 X. Xxxxxx Xxxxxx Xxxxxxx Xxxx XX
52 Times Mirror Company 00000 Xxxxxxx Xxxx. Xxxxxx Xxxxx XX
00 Xxxxxx xx Xxxxxx, XX 00 Xxxx Xxxx Xx. Xxxxxxxxx XX
58 Office Depot, Inc. 0000-0000 Xxxxx Xxxx Xx. Xxxxxxxx XX
60 The Xxxxx Corporation (Price Chooper) Xxx 0, Xxxxx Xxxx Xx. Xx. Xxxxxx VT
109 Rite Aid Corporation 000 XX 00 Xxxxx Xxxxxxxx Xxxx XX
110 Rite Aid Corporation 0 Xxxx Xxx. Xxx Xxxxxxx Xxxxx XX
000 Rite Aid Corporation 00-00 Xxxx Xxxx Xxxxxx Xxxxxxxxx XX
Page 15
Exhibit III-VIII
FILE
CONTROL COMMON PROPERTY PROPERTY PROPERTY
NUMBER TENANT NAME STREET ADDRESS CITY STATE
------- ----------- -------------- ---- -----
16 Eckerd Corporation 000 Xxxxxxxx Xxxx. Xxxxxxx Xxxxx XX
17 Federal Insurance Company 00 Xxxxxxxx Xx. Xxxxxxx Xxxx XX
21 Giant Food, Inc. 00000 Xxxx Xxxxxx Xxxxxxx XX
24 Health Ins. Plan of Greater NY 00-00 Xxxxxxxxxxxx Xxx. Xxxxxx Xxxxx XX
45 Home Depot U.S.A., Inc. 0000 X. Xxxxxx Xxxxxx Xxxxxxx Xxxx XX
52 Times Mirror Company 00000 Xxxxxxx Xxxx. Xxxxxx Xxxxx XX
00 Xxxxxx xx Xxxxxx, XX 00 Xxxx Xxxx Xx. Xxxxxxxxx XX
58 Office Depot, Inc. 0000-0000 Xxxxx Xxxx Xx. Xxxxxxxx XX
60 The Xxxxx Corporation (Price Chooper) Xxx 0, Xxxxx Xxxx Xx. Xx. Xxxxxx VT
109 Rite Aid Corporation 000 XX 00 Xxxxx Xxxxxxxx Xxxx XX
110 Rite Aid Corporation 0 Xxxx Xxx. Xxx Xxxxxxx Xxxxx XX
000 Rite Aid Corporation 00-00 Xxxx Xxxx Xxxxxx Xxxxxxxxx XX
Page 16
Exhibit III-IX
FILE
CONTROL COMMON PROPERTY PROPERTY PROPERTY
NUMBER TENANT NAME STREET ADDRESS CITY STATE
------- ----------- -------------- ---- -----
16 Eckerd Corporation 000 Xxxxxxxx Xxxx. Xxxxxxx Xxxxx XX
17 Federal Insurance Company 00 Xxxxxxxx Xx. Xxxxxxx Xxxx XX
21 Giant Food, Inc. 00000 Xxxx Xxxxxx Xxxxxxx XX
24 Health Ins. Plan of Greater NY 00-00 Xxxxxxxxxxxx Xxx. Xxxxxx Xxxxx XX
45 Home Depot U.S.A., Inc. 0000 X. Xxxxxx Xxxxxx Xxxxxxx Xxxx XX
52 Times Mirror Company 00000 Xxxxxxx Xxxx. Xxxxxx Xxxxx XX
00 Xxxxxx xx Xxxxxx, XX 00 Xxxx Xxxx Xx. Xxxxxxxxx XX
58 Office Depot, Inc. 0000-0000 Xxxxx Xxxx Xx. Xxxxxxxx XX
60 The Xxxxx Corporation (Price Chooper) Xxx 0, Xxxxx Xxxx Xx. Xx. Xxxxxx VT
109 Rite Aid Corporation 000 XX 00 Xxxxx Xxxxxxxx Xxxx XX
110 Rite Aid Corporation 0 Xxxx Xxx. Xxx Xxxxxxx Xxxxx XX
000 Rite Aid Corporation 00-00 Xxxx Xxxx Xxxxxx Xxxxxxxxx XX
Page 17
Exhibit III-XIII
TENANT/GUARANTOR
----------------
Rite Aid Corporation
Allegheny General Hospital
Circuit City Stores, Inc.
Nine West Group, Inc.
Xxxx Xxxxx, Inc.
Q Clubs, Inc.
Northwestern Human Services, Inc.
Xxxxxx-Xxxxxx Company
Baptist Hospital, Inc.
Kmart Corp.
Home Depot U.S.A., Inc.
Federal Insurance Company
County of Monroe
Health Insurance Plan of Greater New York
The Xxxxx Corporation (Price Chopper)
Allegheny Hospitals, Centennial
Giant Food, Inc.
Office Depot, Inc.
The Times Mirror Company
Time Warner Entertainment, X.X.
Xxxxxx Corp.
Page 18
Exhibit III-XIX
FILE
CONTROL COMMON PROPERTY
NUMBER TENANT NAME ADDRESS
------- ----------- --------
55, 56, & 57 Northwestern Human Services, Inc. 40 Properties in PA & NJ
Page 19
Exhibit III-XX
NONE
Page 20
Exhibit III-XXII
FILE
CONTROL COMMON PROPERTY PROPERTY PROPERTY
NUMBER TENANT NAME STREET ADDRESS CITY STATE
------- ----------- -------------- ---- -----
21 Giant Food, Inc. 00000 Xxxx Xxxxxx Xxxxxxx XX
The Tenant makes all ground lease payments directly to ground lessor out of
rents due borrower.
Page 21
Exhibit III-XXIII
FILE
CONTROL COMMON PROPERTY PROPERTY PROPERTY
NUMBER TENANT NAME STREET ADDRESS CITY STATE
------- ----------- -------------- ---- -----
3 Allegheny General Hospital Federal St./W.N. Ave Pittsburgh PA
4 Baptist Hospital, Inc. 0000 Xxxxxx Xxxxxxxxx XX
00 Xxxxxx xx Xxxxxx, Xxx Xxxx 00 Xxxx Xxxx Xx. Xxxxxxxxx XX
57 Northwestern Human Svcs, Inc. Coal Township Northumberland PA
113 Time Warner Entertainment, L.P. XX Xxxxxxx 00 Xxxxxxxxxx XX
Page 22
