Common Contracts
48 similar Mortgage Loan Purchase Agreement contracts by JPMBB Commercial Mortgage Securities Trust 2014-C26, Citigroup Commercial Mortgage Trust 2015-Gc27, Credit Suisse Commercial Mortgage Securities Corp., others
CREDIT SUISSE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER and COLUMN FINANCIAL, INC., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of June 18, 2019 Series 2019-C16Mortgage Loan Purchase Agreement • June 27th, 2019 • CSAIL 2019-C16 Commercial Mortgage Trust • Asset-backed securities • New York
contemplated by the DDA, and a release of construction covenants has been recorded. The DDA provides, following the release of the construction covenants, that the Mortgagor’s right to transfer the Mortgaged Property is subject to certain conditions relating to (i) the transferee’s net worth, development and operational qualifications and experience and (ii) financial commitments and resources being reasonably satisfactory to the Agency. The Agency’s approval is not required, however, in connection with any transfer that is a result of a foreclosure or deed-in-lieu thereof, or the lender’s transfer to a third party purchaser thereafter.
CREDIT SUISSE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, LADDER CAPITAL FINANCE LLC, SELLER, LADDER CAPITAL FINANCE HOLDINGS LLLP, SERIES TRS OF LADDER CAPITAL FINANCE HOLDINGS LLLP, and SERIES REIT OF LADDER CAPITAL FINANCE HOLDINGS LLLP...Mortgage Loan Purchase Agreement • June 27th, 2019 • CSAIL 2019-C16 Commercial Mortgage Trust • Asset-backed securities • New York
the related loan documents contain exclusions for loss, cost, damage or liability caused by “terrorism” or “terrorist acts” (“Acts of Terrorism”), the related Mortgagor must obtain and maintain terrorism coverage to cover such exclusions from an insurer meeting the Insurance Rating Requirements specified in Representation and Warranty No. 18 (a “Qualified Insurer”) or, in the event that such terrorism coverage is not available from a Qualified Insurer, the related Mortgagor must obtain such terrorism coverage from the highest rated insurance company providing such terrorism coverage. In addition, subject to the other exceptions to Representation and Warranty No. 18, even where terrorism insurance is required, and regardless of whether TRIA or a similar or subsequent statute is or is not in effect, the related Mortgagor may not be required to pay more for terrorism insurance coverage than a specified percentage (at least equal to 200%) of the amount of the insurance premium that is paya
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER, and Citi REAL ESTATE FUNDING INC., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 1, 2018 Citigroup Commercial Mortgage Trust 2018-C6 Commercial Mortgage Pass- Through...Mortgage Loan Purchase Agreement • December 11th, 2018 • Citigroup Commercial Mortgage Trust 2018-C6 • Asset-backed securities • New York
CREDIT SUISSE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER And Natixis Real Estate Capital LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 20, 2018 Series 2018-C14Mortgage Loan Purchase Agreement • November 29th, 2018 • CSAIL 2018-C14 Commercial Mortgage Trust • Asset-backed securities • New York
Mortgaged Property not to provide any more off-street parking spaces or loading areas than previously provided before destruction so long as reconstruction begins within three years and is completed without interruption.
CREDIT SUISSE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, BENEFIT STREET PARTNERS CRE FINANCE LLC, SELLER and BENEFIT STREET PARTNERS CRE CONDUIT COMPANY, L.P. MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 17, 2017 Series 2017-CX10Mortgage Loan Purchase Agreement • November 30th, 2017 • CSAIL 2017-Cx10 Commercial Mortgage Trust • Asset-backed securities • New York
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and RIALTO MORTGAGE FINANCE, LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of April 1, 2016 Citigroup Commercial Mortgage Trust 2016-GC37, Commercial Mortgage Pass-Through Certificates,...Mortgage Loan Purchase Agreement • April 26th, 2016 • Citigroup Commercial Mortgage Trust 2016-Gc37 • Asset-backed securities • New York
CREDIT SUISSE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER and JEFFERIES LOANCORE LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 1, 2016 Series 2016-C5Mortgage Loan Purchase Agreement • March 2nd, 2016 • Credit Suisse Commercial Mortgage Securities Corp. • Asset-backed securities • New York
CREDIT SUISSE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER and THE BANK OF NEW YORK MELLON, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 1, 2016 Series 2016-C5Mortgage Loan Purchase Agreement • March 2nd, 2016 • Credit Suisse Commercial Mortgage Securities Corp. • Asset-backed securities • New York
CREDIT SUISSE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER and THE BANK OF NEW YORK MELLON, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 1, 2016 Series 2016-C5Mortgage Loan Purchase Agreement • February 9th, 2016 • CSAIL 2016-C5 Commercial Mortgage Trust • Asset-backed securities • New York
CREDIT SUISSE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER and JEFFERIES LOANCORE LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 1, 2016 Series 2016-C5Mortgage Loan Purchase Agreement • February 9th, 2016 • CSAIL 2016-C5 Commercial Mortgage Trust • Asset-backed securities • New York
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CANTOR COMMERCIAL REAL ESTATE LENDING, L.P., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 1, 2015 Series 2015-GS1Mortgage Loan Purchase Agreement • December 1st, 2015 • GS Mortgage Securities Trust 2015-Gs1 • Asset-backed securities • New York
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, LADDER CAPITAL FINANCE LLC, SELLER, LADDER CAPITAL FINANCE HOLDINGS LLLP, SERIES TRS OF LADDER CAPITAL FINANCE HOLDINGS LLLP, and SERIES REIT OF LADDER CAPITAL FINANCE HOLDINGS LLLP...Mortgage Loan Purchase Agreement • November 30th, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C33 • Asset-backed securities • New York
lender (or a trustee appointed by it) if such proceeds are less than or equal to 5% of the original principal balance of the related Mortgage Loan, rather than 5% of the then outstanding principal amount of the related Mortgage Loan. The exceptions to Representation and Warranty No. 31, relating to terrorism insurance, are also exceptions to Representation and Warranty No. 18.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and REDWOOD COMMERCIAL MORTGAGE CORPORATION, SELLER and REDWOOD TRUST, INC. MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 29, 2015 Fixed Rate Mortgage Loans Series 2015-C32Mortgage Loan Purchase Agreement • October 29th, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C32 • Asset-backed securities • New York
I, [______], a duly appointed, qualified and acting [______] of [Redwood Commercial Mortgage Corporation][Redwood Trust, Inc.] (the “Company”), hereby certify as follows:
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and STARWOOD MORTGAGE FUNDING I LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 1, 2015 Series 2015-GC34Mortgage Loan Purchase Agreement • October 23rd, 2015 • GS Mortgage Securities Trust 2015-Gc34 • Asset-backed securities • New York
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and RIALTO MORTGAGE FINANCE, LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 1, 2015 Series 2015-GC33Mortgage Loan Purchase Agreement • September 29th, 2015 • Citigroup Commercial Mortgage Trust 2015-Gc33 • Asset-backed securities • New York
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and WELLS FARGO BANK, NATIONAL ASSOCIATION SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of August 1, 2015 Citigroup Commercial Mortgage Trust 2015-P1Mortgage Loan Purchase Agreement • August 19th, 2015 • Citigroup Commercial Mortgage Trust 2015-P1 • Asset-backed securities • New York
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and MC-FIVE MILE COMMERCIAL MORTGAGE FINANCE LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of July 28, 2015 Fixed Rate Mortgage Loans Series 2015-C30Mortgage Loan Purchase Agreement • July 28th, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C30 • Asset-backed securities • New York
Fields MHCs (Loan No. 41) property adjacent to the Stoney Fields MHC Mortgaged Property, which it sold over 10 years ago. The Mortgage Loan Documents provide for recourse relating to losses associated with the Mortgagor’s prior ownership of the adjacent property.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and RAIT FUNDING, LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of June 30, 2015 Fixed Rate Mortgage Loans Series 2015-C29Mortgage Loan Purchase Agreement • June 30th, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C29 • Asset-backed securities • New York
single tenant Walgreens requires Walgreens to insure (or to self-insure) the Mortgaged Property, provided that: (i) tenant names the lender as an additional insured and loss payee, (ii) the lease is in full force and effect and no event of default exists under the lease and (iii) the corporate credit rating of tenant’s parent is at least BBB- (or its equivalent) from each of the rating agencies.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and RAIT FUNDING, LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of June 30, 2015 Fixed Rate Mortgage Loans Series 2015-C29Mortgage Loan Purchase Agreement • June 26th, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C29 • Asset-backed securities • New York
single tenant Walgreens requires Walgreens to insure (or to self-insure) the Mortgaged Property, provided that: (i) tenant names the lender as an additional insured and loss payee, (ii) the lease is in full force and effect and no event of default exists under the lease and (iii) the corporate credit rating of tenant’s parent is at least BBB- (or its equivalent) from each of the rating agencies.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and REDWOOD COMMERCIAL MORTGAGE CORPORATION, SELLER and REDWOOD TRUST, INC. MORTGAGE LOAN PURCHASE AGREEMENT Dated as of April 23, 2015 Fixed Rate Mortgage Loans Series 2015-C28Mortgage Loan Purchase Agreement • April 23rd, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C28 • Asset-backed securities • New York
environmental consultant recommended that a subsurface investigation take place at the Mortgaged Property. The related Mortgagor has obtained an environmental insurance policy issued by Steadfast Insurance Company with an aggregate limit of $2,000,000 and a self-insured retention of $25,000, with a 10-year term and a three-year tail. 44 CVS Dallas (Loan No. 58) (Lease Estoppels) – The estoppel obtained from the single tenant at the Mortgaged Property was dated approximately 128 days prior to the origination date of the related Mortgage Loan.
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and FCRE REL, LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of April 1, 2015 Series 2015-GC29Mortgage Loan Purchase Agreement • April 15th, 2015 • Citigroup Commercial Mortgage Trust 2015-Gc29 • Asset-backed securities • New York
Capitalized terms used herein without definition have the meanings given them in the Agreement or, if not defined therein, in the Indemnification Agreement.
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • March 20th, 2015 • CSAIL 2015-C1 Commercial Mortgage Trust • Asset-backed securities • New York
Capitalized terms used herein without definition have the meanings given them in the Agreement or, if not defined therein, in the Indemnification Agreement.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and REDWOOD COMMERCIAL MORTGAGE CORPORATION, SELLER and REDWOOD TRUST, INC. MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 25, 2015 Fixed Rate Mortgage Loans Series 2015-C27Mortgage Loan Purchase Agreement • February 25th, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C27 • Asset-backed securities • New York
I, [___], a duly appointed, qualified and acting [___] of [Redwood Commercial Mortgage Corporation] [Redwood Trust, Inc.] (the “Company”), hereby certify as follows:
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and REDWOOD COMMERCIAL MORTGAGE CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 1, 2015 Series 2015-GC27Mortgage Loan Purchase Agreement • February 9th, 2015 • Citigroup Commercial Mortgage Trust 2015-Gc27 • Asset-backed securities • New York
Capitalized terms used herein without definition have the meanings given them in the Agreement or, if not defined therein, in the Indemnification Agreement.
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,Mortgage Loan Purchase Agreement • February 9th, 2015 • Citigroup Commercial Mortgage Trust 2015-Gc27 • Asset-backed securities • New York
Capitalized terms used herein without definition have the meanings given them in the Agreement or, if not defined therein, in the Indemnification Agreement.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and REDWOOD COMMERCIAL MORTGAGE CORPORATION, SELLER and REDWOOD TRUST, INC. MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 29, 2014 Fixed Rate Mortgage Loans Series 2014-C26Mortgage Loan Purchase Agreement • December 29th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C26 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception 9 10 New Road (Loan No. 42) (Junior Liens) - There is a mezzanine loan in the amount of $1,370,000.00 made by Redwood Commercial Mortgage Corporation secured by ownership interests in the related Mortgagor. In connection with the mezzanine loan, the Mortgage Loan seller and the mezzanine lender are negotiating an intercreditor agreement, a copy of which will be included in the related Mortgage File. 18 Arbor Gate (Loan No. 12) (Insurance) - Lender agreed to accept Torus National Insurance Company, currently rated “A- XI” by A.M. Best, as the insurer for the umbrella liability Policy, for so long as the rating of such insurer is not withdrawn or downgraded below its “A- XI” by A.M. Best. 26 10 New Road (Loan No. 42) (Local Law Compliance) - The use of the mortgaged property as a warehouse is considered to be a pre-existing, nonconforming use grandfathered into the current zoning distri
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GENERAL ELECTRIC CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 29, 2014 Fixed Rate Mortgage Loans Series 2014-C26Mortgage Loan Purchase Agreement • December 29th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C26 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception 26 Riverstone - Deer Creek MHC (Loan No. 38) (Local Law Compliance) - MHC use is legally nonconforming. In the event of a casualty exceeding more than 50% of the replacement cost of structures (which includes mobile home units), restoration is permitted upon approval of a special exception. Law and ordinance insurance obtained with policy limits of $500,000. The loan documents provide that the borrower and guarantor are personally liable for losses related to the borrower’s inability to restore the project following casualty to the same or better condition that existed pre-casualty. The guarantor’s stated net worth as of December 31, 2013 was $141.4 million. 33 Centergy One (Loan No. 7) (Single-Purpose Entity) - Borrower is recycled SPE, but prior owned property not same as mortgaged property. Borrower previously owned 5 units in the same condominium project. Phase I environmental s
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and RAIT FUNDING, LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 29, 2014 Fixed Rate Mortgage Loans Series 2014-C26Mortgage Loan Purchase Agreement • December 29th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C26 • Asset-backed securities • New York
Rep. No. on Annex D-1 Mortgage Loan and Number as Identified on Annex A-1 Description of Exception be separately platted for tax purposes from any adjoining real property that is not secured by the mortgage is a loss recourse carveout under the Mortgage Loan documents. At origination, the lender required the Mortgagor to escrow for real estate taxes for the entire tax parcel (even the portion not part of the Mortgage Loan collateral), until a separate tax parcel is created. 26 Lyncourt Apartments (Loan No. 52) (Local Law Compliance) - The Mortgaged Property securing the related Mortgage Loan is (i) legal, non-conforming as to the required “build to” line along SW 12th Street, which the Mortgaged Property exceeds by approximately 5 feet, and (ii) non-conforming with respect to certain local site plan approvals relating to the landscaping requirements along the Mortgaged Property’s northern property line. Pursuant to the zoning consultant’s report, the City of Gainesville Planning M
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and MC-FIVE MILE COMMERCIAL MORTGAGE FINANCE LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 1, 2014 Series 2014-GC26Mortgage Loan Purchase Agreement • December 8th, 2014 • GS Mortgage Securities Trust 2014-Gc26 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception in the Loan Documents. (26) Recourse Obligations Bass Pro Outdoor World (Loan No. 15) For so long as the original guarantor remains a guarantor for the Mortgage Loan, or one of the original guarantor’s immediate family members succeeds him as an approved replacement guarantor in accordance with the Loan Documents, the liabilities of the guarantor or such approved replacement guarantor(s) shall not exceed $1,000,000.00. The cap will not apply to the occurrence of a bankruptcy recourse event or to the environmental indemnity, as set forth in the Loan Documents. (31) Single-Purpose Entity Bass Pro Outdoor World (Loan No. 15) A non-consolidation opinion was not delivered at origination with respect to the Mortgage Loan.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and REDWOOD COMMERCIAL MORTGAGE CORPORATION, SELLER and REDWOOD TRUST, INC. MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 24, 2014 Fixed Rate Mortgage Loans Series 2014-C25Mortgage Loan Purchase Agreement • November 24th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C25 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception mezzanine debt provided it enters into a subordination and standstill agreement. 26 Vallejo Plaza (Loan No. 23) (Local Law Compliance) –The City of Vallejo was unable to locate a major use permit for a tobacco retailer or a minor use permit for two dental offices located at the mortgaged property, which tenants took occupancy prior to the enactment of the relevant zoning ordinances. As such, the failure to obtain such permits is considered legal-nonconforming as to use. Further, the City of Vallejo was unable to locate a minor use permit for an additional dental office which took occupancy after such zoning ordinance was enacted and the absence of the minor use permit is considered nonconforming as to use. 27 Vallejo Plaza (Loan No. 23) (Licenses and Permits) – The City of Vallejo was unable to locate a major use permit for a tobacco retailer or a minor use permit for two dental offic
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GENERAL ELECTRIC CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 30, 2014 Fixed Rate Mortgage Loans Series 2014-C23Mortgage Loan Purchase Agreement • September 30th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C23 • Asset-backed securities • New York
recognized environmental condition. It further recommended digging test pits within the debris-filled area to observe the types of buried material, and, depending on the material observed, obtaining samples from the irrigation well on the adjacent parcel and conducting a methane gas survey. To mitigate risks of contamination from the debris pit’s leachate, the borrower or its affiliate is required to plug the irrigation well within 120 days of the August 22, 2014 loan closing. The Mortgaged Property is served by public water and sewer. In lieu of further monitoring or corrective action, the loan documents include personal liability to borrower and guarantor for losses related to the previously owned property. As of December 31, 2013, the guarantor’s stated net worth was in excess of $140 million. For the avoidance of doubt, and for purposes of risk allocation, the Mortgage Loan Seller acknowledges that (i) any Environmental Conditions on the adjacent parcel previously owned by the borr
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and MC-FIVE MILE COMMERCIAL MORTGAGE FINANCE LLC SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of August 1, 2014 Series 2014-GC23Mortgage Loan Purchase Agreement • August 7th, 2014 • Citigroup Commercial Mortgage Trust 2014-Gc23 • Asset-backed securities • New York
Capitalized terms used herein without definition have the meanings given them in the Agreement or, if not defined therein, in the Indemnification Agreement.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and RAIT FUNDING, LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of July 22, 2014 Fixed Rate Mortgage Loans Series 2014-C21Mortgage Loan Purchase Agreement • July 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C21 • Asset-backed securities • New York
Rep. No. on Annex D-1 Mortgage Loan and Number as Identified on Annex A-1 Description of Exception however, if TRIA is not in effect, the Mortgagor is not required to pay more than 200% of the aggregate insurance premiums payable with respect to the coverage required. 36 Shelly Plaza (Loan No. 34) (Ground Leases) – A portion of an unimproved parking lot at the Mortgaged Property is leased by the Mortgagor pursuant to a ground lease with the adjacent property owner, as ground lessor. The remainder of the parking lot is owned by the Mortgagor. The ground lease provides that in the event of a condemnation of all or a portion of the ground leased parcel, the ground lessor is entitled to the related proceeds. In such event, the ground rent due under the lease is required to be reduced in direct proportion to the ground area taken by the applicable governmental authority. The ground lease is silent as to the application of casualty proceeds.
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and MC-FIVE MILE COMMERCIAL MORTGAGE FINANCE LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of May 1, 2014 Series 2014-GC21Mortgage Loan Purchase Agreement • May 22nd, 2014 • Citigroup Commercial Mortgage Trust 2014-Gc21 • Asset-backed securities • New York
Capitalized terms used herein without definition have the meanings given them in the Agreement or, if not defined therein, in the Indemnification Agreement.
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER andMortgage Loan Purchase Agreement • March 20th, 2014 • Citigroup Commercial Mortgage Trust 2014-Gc19 • Asset-backed securities • New York
Capitalized terms used herein without definition have the meanings given them in the Agreement or, if not defined therein, in the Indemnification Agreement.
